The US Treasury Department has approved large compensation packages for executives of companies that were bailed out by the US Government in 2008. The issue is a lingering one from the Great Global Recession of 2008-09, and one that affects Europe, Japan, China, and the US. The compensation packages reflect the growing income inequality that is becoming an intrinsic part of the global economy.
The French are realizing limited successes against the Malian rebel forces, but the rebels are destroying many valuable manuscripts that the rebels regard as un-Islamic. These manuscripts are hand written records of the history of North Africa and are simply priceless. But they refer to a history before Islam spread to the region and are therefore considered dangerous by the rebels.
Iran has launched a missile carrying a monkey into space, signaling its capability to develop a ballistic missile capability. Like the earlier North Korean satellite launch, the test is both scientific and military. Iran’s adversaries are clearly worried about the growing military power of Iran, and the launch itself could be a violation of an earlier UN Security Council Resolution barring such tests. Its symbolism aside, the test is also a clear testament to Iran’s scientific and technological capabilities.
World Politics News 
Leave a comment