The Swiss Franc Snaps–Up

Written by Robert Jackson Smith on Saturday, 31 January 2015. Posted in Economy, Europe, World, Business

The Swiss National Bank sent shock waves through financial markets when it removed the Franc's peg from the euro, but don't expect a Swiss gold standard.

The Swiss Franc Snaps–Up

Ok, so the sound-money voters in Switzerland lost the election, but it looks like the election may have affected the Swiss National Bank (SNB) after all. While the Swiss won’t be backing their currency with gold, they also won’t be following the European Central Bank down the “quantitative easing” road in lock step at a ratio of 1.2 francs per Euro.

German Interior Minister: US Spying is “Excessive” and "Boundless"

Written by Dennis Behreandt on Monday, 14 April 2014. Posted in Europe, World

In an interview with a leading German news magazine, the country’s interior minister says US surveillance is out of control.

German Interior Minister: US Spying is “Excessive” and

While Americans, distracted by the diversionary propaganda tactics of the mainstream media, have largely forgotten the outrageous spying campaign being conducted against them and the rest of the world by the federal security apparatus, the same can not be said for Europeans in general and Germans in particular.

Russia Approves Troop Deployment in Ukraine

on Saturday, 01 March 2014. Posted in Europe, World

In the next step toward war, Russian parliamentarians authorize use of force in Ukraine.

Russia Approves Troop Deployment in Ukraine

In a unanimous vote, Russia's Federation Council, the upper house of the Russian Parliament, gave unanimous consent to President Vladimir Putin's request to use armed forces in Ukraine.

John Kerry’s Foreign Policy: Warn the Russians the Ukraine Situation is not “Rocky IV”

on Thursday, 27 February 2014. Posted in Europe, World

Tensions are high between the United States and Russia over the situation in Ukraine in the wake of the ouster of Russia-backed President Viktor Yanukovych.

John Kerry’s Foreign Policy: Warn the Russians the Ukraine Situation is not “Rocky IV”

With anti-Russian forces having seized power in Ukraine, tensions in Russia over the situation are running high.

Russia ordered what CNN called “surprise military exercises on Ukraine’s doorstep” on Wednesday, as pro-Russian leaders in the Crimea organized ad-hoc “gangs” to defend against anti-Russian forces.

Another Quake Strikes Italy, As Many as 15 Perish

Written by ADH Staff on Tuesday, 29 May 2012. Posted in Europe, World

Another quake strikes northern Italy causing widespread damage to homes, business and churches and killing up to 15 people.

Another Quake Strikes Italy, As Many as 15 Perish

In Mirandola, near Modena in Northern Italy, pictures show scenes of buildings turned into rubble, the result of a second earthquake in a region struck just nine days ago by a previous destructive trembler.

Winter Cold Kills Dozens in Europe

Written by ADH Staff on Wednesday, 01 February 2012. Posted in Europe, World

Winter cold snap in EuropeMany of the northern tier of states in the U.S. have experienced above average temperatures so far this winter. The warm weather has meant lovers of winter sports like cross country skiing and snowmobiling have had to look elsewhere for outdoor activities. It also has meant that many homeowners have saved money on the cost of heating fuel this year.

The situation in Europe, however, is quite the opposite. There, this winter’s warmer than usual temperatures have come to an abrupt end, and bitterly cold weather has turned deadly, with several dozen people killed in parts of flash-frozen Eastern Europe.

According to Euronews, several of the deaths have come in Poland where mild temperatures quickly plunged to deadly levels of chill. Polish police have reported that “at least ten people froze to death as weather worsened,” Euronews reported.

State Department, Romania, Hail Ballistic Missile Defense Agreement

Written by Dennis Behreandt on Wednesday, 28 December 2011. Posted in Europe, World

Anders Fogh Rasmussen The U.S. State Department and the government of Romania have announced that the “the Ballistic Missile Defense Agreement on deployment of the U.S. ballistic missile defense system in Romania has entered into force, effective December 23, 2011.”

The missile defense agreement with Romania is part of a larger US and NATO plan to place missile defenses in a number of Eastern European nations.

In an op-ed published on December 6, NATO Secretary General Anders Fogh Rasmussen described the rationale behind the missile defense plan.

“The missile threat we face is grave and growing,” Rasmussen declared. “Over 30 states are working on advanced missile technology. Some of them already have ballistic missiles that can be fitted with conventional warheads or with weapons of mass destruction. Some of our major cities are already in range. That is why at the Lisbon summit, NATO agreed to develop a missile defense capability to protect its population, territory and forces. That remains our position today. We owe it to our people to defend them.”

German Official Chastises Britain Over Financial Transaction Tax

Written by Dennis Behreandt on Wednesday, 16 November 2011. Posted in Europe, World

David Cameron and Angela MerkelA German official has criticized the UK over its reluctance to accept a tax on financial transactions in order to prop up the Euro.

The criticism over British reluctance to agree to the tax came from Volker Kauder, the “parliamentary leader of the Christian Democratic Union,” the London Telegraph reported. According to the paper, the criticism came in remarks delivered to the party congress in Leipzig.

“I can understand that the British don’t want that [the financial transaction tax] when they generate almost 30 per cent of their gross domestic product from financial-market business in the City,” Kauder reportedly said. “But Britain also carries responsibility for making Europe a success. Only being after their own benefit and refusing to contribute is not the message we’re letting the British get away with.”

Will the NTSB be Called in to Investigate Polish Airlines’ Flight 16?

Written by Chris Szymonski on Friday, 04 November 2011. Posted in Europe, World

boeingThirty minutes after takeoff from Newark, NJ on the way to Warsaw, Poland, the crew of Polish Airlines Flight 16 reported partial failure of the hydraulic system. The defect was not deemed serious enough to warrant return to Newark, so the flight continued.

Flaps and slots are mechanical devices on wings that reduce stall speed and promote good low-speed handling on takeoff and landing. On modern aircraft, just as the landing gear, they are activated hydraulically. Both flaps and slots worked upon preparations for arrival at Warsaw, but the landing gear did not extend.

The Boeing 767 has quadruple redundancy in lowering the landing gear. In addition — there is a mechanical emergency back-up system.

Russian Oligarchs in Televised Brawl

Written by ADH Staff on Monday, 19 September 2011. Posted in Europe, World

Alexander Lebedev attacked Sergei Polonsky on Russian TV. In an interview about the economic crisis televised on Russian TV, billionaire Russian “oligarch” Alexander Lebedev attacked wealthy real estate tycoon Sergei Polonsky, punching him and knocking him off the stage.

According to the London Telegraph, Polonsky quipped during the program that he would like to “punch someone’s lights out.” Lebedev, a former KGB agent, felt that the remark was aimed at him.

He responded by actually punching someone’s lights out.

The Telegraph recounts: “Mr. Lebedev, who owns The Independent and The London Evening Standard, said he felt the threat was directed at him and that he was left with no choice but to strike first, delivering two swift right hooks to fellow Russian tycoon Sergei Polonsky knocking him backwards off his chair and off the studio podium.”

German Industrial Giant Siemens to Abandon Nuclear Industry

Written by ADH Staff on Monday, 19 September 2011. Posted in Europe, World

Siemens plans to exit from the Nuclear Power businesss. The German industrial giant Siemens AG will no longer build equipment for or manage nuclear power plants, according to reports from Germany.

According to the BBC, Siemens chief Peter Loescher told Spiegel magazine that the company’s decision is intended to align with “the clear positioning of German society and politics for a pullout from nuclear energy.”

Loescher continued, saying: “The chapter for us is closed.”

The decision is a stunning reversal for a company with a long history in the nuclear power industry.

The BBC noted that the company “was responsible for building all 17 of Germany’s existing nuclear power plants.”

Statism and the Crisis in Europe

Written by Alex Newman on Thursday, 25 August 2011. Posted in Europe, World

Europes economies, including Portugal, Ireland, Greece, and Spain) are struggling right now. Most of Europe’s economies are struggling right now, some worse than others. But the so-called PIGS (Portugal, Ireland, Greece, and Spain) are tottering on the brink. So what happened?

What Portugal, Spain, Ireland and other failing European states have in common — other than the Euro and membership in the EU, of course — are huge governments that spend well beyond their means.

In the 1980s and 1990s, the Irish government adopted a series of pro-growth policies — slashing corporate tax rates, for example — that allowed the productive economy to rapidly expand. Ireland went through a period of fantastic growth that led to its description as a “Celtic Tiger.” In the early 1990s, however, the government embarked on a massive spending spree, fueled by the private-sector wealth creation, that eventually saw public expenditures increase by more than 600 percent.

Teen and Stepfather Eaten Alive in Horrific Bear Attack in Russia

Written by ADH Staff on Thursday, 18 August 2011. Posted in Europe, World

A 19-year old girl and her stepfather were killed in Russia after being attacked by a brown bear and her cubs.

Teen and Stepfather Eaten Alive in Horrific Bear Attack in Russia

In a gruesome twist, victim Olga Moskalyova narrated her own death as the bears ate her alive during three phone calls to her horrified mother. The attack took place in the rugged territory of remote Kamchatka, not far from the city of Petropavlovsk-Kamchatsky.

Climate Deal to Benefit “Big Green” in UK

Written by ADH Staff on Monday, 16 May 2011. Posted in Europe, World

Wind turbineBritish cabinet ministers have reached a climate change deal that will radically alter the economy of the country, reported the London Guardian.

According to the paper, the deal is “far-reaching” and “legally binding” and “will require sweeping changes to domestic life, transport and business….”

Under the deal, the UK government will work to reduce carbon emissions by 80% of 1990 levels — a goal they hope to reach by 2050. According to the Guardian, under the plan “carbon emissions should be cut by 60% by 2030.”

Left-leaning supporters applauded the measure and claimed that it would bring important “green” business development to the UK.

Norway Strikes (Black) Gold in the Barents Sea

Written by ADH Staff on Sunday, 08 May 2011. Posted in Europe, World

Norway strikes oil in the Berants Sea. Big oil has played a big part in Norway's economy, but production has dropped precipitously in the last ten years. As a result, a race has been on to find new oil. Government forecasts suggested that nearly 6 billion barrels of oil and gas would be found in the Barents Sea. But, despite heavy exploration the search for oil in the Barents has been disappointing.

That all changed this Spring when Transocean's Polar Pioneer rig finally hit oil in the Barents about 120 miles north of Norway and in 1,000 feet of water.

The find, called Skrugard, is thought to have hundreds of millions of recoverable oil. The Website reported: "The estimated volume of the discovery is between 150-250 million recoverable barrels of oil equivalent (boe), while Statoil sees opportunities for further upside in the license of up to 250 million barrels — for a potential total of 500 million boe."

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