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18458
“Let the Headlines Speak”
by From the Internet   
March 17th, 2013

Cyprus Bank Holiday Extended Through Tuesday As Confusion Spreads
The Cypriot cabinet has declared Tuesday a bank holiday, for fear of capital flight, and this may even be stretched to Wednesday, as depositors are certain to withdraw huge sums from the Cypriot banks after the haircut imposed.

Cypriots shocked as euro bail out includes 10pc tax on bank accounts
Residents of Cyprus reacted with shock yesterday after the government agreed to a €10 billion (HK$101 billion) bailout that includes an unprecedented levy on all bank deposits. But it includes €5.8 billion to be raised through the bank deposit levy of up to 9.9 per cent, which will apply to everyone from pensioners to Russian oligarchs and tens of thousands of British expats.

+30.5B: Federal Spending Up, Not Down, in First 5 Months of FY13
Federal spending was up $30.5 billion in the first five months of fiscal 2013 compared to the first five months of fiscal 2012, according to newly released data from the U.S. Treasury.

Israeli PM appoints hardline military chief
Israeli Prime Minister Benjamin Netanyahu has appointed a hard-line former military chief as the country's new defence minister. Moshe Yaalon, a former army commando, has said Iran's suspect nuclear programme is Israel's top security concern. He has been vague about whether Israel might carry out a military strike on Iran.

Russia’s Mediterranean Task Force to Comprise 5-6 Warships – Navy Chief
The Russian Navy will maintain 5-6 warships in the Mediterranean Sea as a task force to defend Russia’s interests in the area, Navy Commander Adm. Viktor Chirkov said on Sunday. "Up to five-six warships must be present in the Mediterranean Sea on a permanent basis and control must be exercised through the command of the [Russian] Black Sea Fleet,” Chirkov said in an interview with the Zvezda TV network run by the Defense Ministry.

‘Iranian cmdrs. authorized to launch immediate counterattack’
“Our commanders have received authorization to immediately respond to any hostile action by the enemy without allowing enemy to think twice [about its act of aggression],” Brigadier General Masoud Jazayeri said on Saturday. Jazayeri made the remarks in response to Israeli leaders threat to use force against the Islamic Republic over the country’s nuclear energy program.

Iran launches destroyer in the Caspian Sea
Iran launched a domestically built destroyer in the Caspian Sea on Sunday, its first deployment of a major warship in the oil-rich region, state TV reported... He (President Mahmoud Ahmadinejad), said the deployment aimed to bolster peace and friendship in the region. "The destroyer is there to meet those who want to jeopardize the security of surrounding nations," he said, without elaborating.

N Korea warns world of nuclear war breakout
NORTH KOREA has threatened to target the prime minister of South Korea and told residents to evacuate islands within range of its artillery, warning the world that "a nuclear war may break out". Military sources in Seoul said the North Koreans test-fired two short-range missiles into the Sea of Japan on Friday, just as the United States announced plans to boost its missile defences against Asian threats.

Anti-Israel groups push product, performers boycott
At the very moment SodaStream, an Israeli company, was advertising its popular make-your-own-soft-drink gadget...pro-Palestinian activists were urging consumers to boycott the company because one of its factories is located in what they say is "an illegal Israeli settlement in the occupied Palestinian West Bank." Launched by a new group called the Interfaith Boycott Coalition, the SodaStream campaign is just one of the many ways the...movement has tried to isolate Israel...

U.S. Cancels Part of Missile Defense That Russia Opposed
The United States has effectively canceled the final phase of a Europe-based missile defense system that was fiercely opposed by Russia and cited...a major obstacle to cooperation on nuclear arms reductions and other issues. ...Russian news accounts...raised the possibility that the decision could portend a breakthrough in what...has been a largely intractable dispute between Russia and the United States.

Google Glass: The opposition grows
...the people behind this anti-cyborg movement claim that there's no way you'll ever know that someone wearing Google Glass is recording your every word and movement. There's no way of even knowing if someone else is recording you through their glasses from somewhere in the cloud.

Chinese President Xi Jinping calls for renaissance
The new Chinese President, Xi Jinping, has said he will fight for "the great renaissance of the Chinese nation," in his first speech as head of state. Closing the annual National People's Congress, he urged delegates to reject extravagance and fight corruption. At a news conference later, new Premier Li Keqiang said sustainable economic growth would remain the top priority.

Major US Jewish group elects 1st openly gay rabbi
The Reconstructionist Rabbinical Association has elected an openly gay rabbi to lead the national rabbinic organization. Rabbi Jason Klein, the executive director of Hillel at the University of Maryland, Baltimore County, since 2006, was elected to lead the RRA during its 39th annual convention in New Orleans, which ended on Wednesday.

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