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Which makes the backdrop to the pound's latest dip - the massive public debt and deficit, and the potential threat to Britain's triple A investment rating - a far greater problem for the currency than anything else. The rest is small change...
...arrest and intimidation. Iran's official media continue to portray Iran as a success story. Indeed, so does President Mahmoud Ahmadinejad. However, at Ahmadinejad's most recent press conference, in mid-February, a reporter asked the President about the omission of third-quarter GDP growth figures from the latest report by Iran's Central Bank. Ahmadinejad simply dismissed the importance of interim figures as "mere estimates" and claimed that current growth stood at 6.9%. Significantly, the newspaper World of Industry, not a government organ but one that caters to economists and technocrats, pointed out that the following day, Ahmadinejad...
Returning to their British roots, TNP have referenced the Benjamin Britten opera “Peter Grimes” as an influence for their latest forray into musical experimentation. Fusing these operatic overtones with London electronica movements—dubstep and dancehall—Barnett has conceived an album which ricochets from ostentatious and oppressive climaxes to moments of melodic escapism. The result is a somewhat tiring journey, but it is a ride worth taking...
That indecision has helped the Perry campaign relentlessly pin the Washington label on the Senator, dubbing her Kay "Bailout" Hutchison for supporting the bailout bill for the banks. The latest online video ad released by the Perry campaign casts Hutchison as the "Earmark Queen" to the music of Abba's "Dancing Queen." Hutchison has said her work for Texas in bringing home funds for the state should be "celebrated and appreciated," but Perry has tapped the zeitgeist and run an astute campaign, according to James Henson, director of the Texas Politics Project at the University of Texas...
...Kurdish population is the country in microcosm. U.S. soldiers now rarely leave their bases outside Iraq's cities and towns, leaving security on the road to Diyala largely in the hands of the Iraqi security forces. The soldiers and police who man the many checkpoints wear the latest fashion in pattern-disrupting camouflage uniforms and patches that say "Special Forces" or "SWAT." But they still rely on controversial antenna-rod bomb detectors that may in fact be useless. Their transport consists primarily of high-performance Ford trucks that break down without clean high-octane gasoline that's hard to find...