MSM: Mexican migrants sent home 36 pct less in October

(Forbes) – Mexican migrants sent home 36 percent less money in October than a year earlier, marking the largest drop since records began being kept in 1996, Mexico’s central bank said Tuesday. Continue reading

China Tightens Grip on Rare Minerals

China is set to tighten its hammerlock on the market for some of the world’s most obscure but valuable minerals. Continue reading

MSM: Germany calls carbon tariffs “eco-imperialism”

(Reuters) – Germany called a French idea to slap “carbon tariffs” on products from countries that are not trying to cut greenhouse gases a form of “eco-imperialism” and a direct violation of WTO rules. Continue reading

MSM: Britain sold arms to Sri Lanka during Tamil Tiger conflict

(Telegraph) – Britain sold arms to Sri Lanka worth over £13.6 million in the last three years of the conflict with the Tamil Tigers, according to reports. Continue reading

MSM: America threatens trade war with China

The United States government is planning to revive a bill that will punish China for artificially boosting its trade through “currency manipulation”. Continue reading

Nouriel Roubini: The U.S. Financial System Is Effectively Insolvent

For those who argue that the rate of growth of economic activity is turning positive–that economies are contracting but at a slower rate than in the fourth quarter of 2008–the latest data doesn’t confirm this relative optimism. In 2008’s fourth quarter, gross domestic product fell by about 6% in the U.S., 6% in the euro zone, 8% in Germany, 12% in Japan, 16% in Singapore and 20% in South Korea. So things are even more awful in Europe and Asia than in the U.S. Continue reading

Video: Europe Begins to Freeze as Gas Taps are Turned off in Energy War

Several European countries have had their deliveries of gas through Ukraine cut off, a situation which the EU describes as “unacceptable”. Gazprom says Ukraine’s energy company has shut off a number of pipelines. Meanwhile, the head of Naftogaz has announced he is ready to resume negotiations Continue reading