We will have a mirror site at http://nunezreport.wordpress.com in case we are censored, Please save the link

Wednesday, June 13, 2012

U.S. says Russian attack helicopters sent to Syria




BEIRUT — The U.S. accused Russia of escalating the Syrian conflict by sending attack helicopters to President Bashar Assad's regime, and U.N. observers were attacked Tuesday with stones, metal rods and gunfire that blocked them from a besieged rebel-held town where civilians were feared trapped by government shelling.

The accusation by U.S. Secretary of State Hillary Rodham Clinton that Moscow was arming the Assad regime came as the top U.N. peacekeeping official said Syria was already in a state of civil war.

"We are concerned about the latest information we have that there are attack helicopters on the way from Russia to Syria, which will escalate the conflict quite dramatically," Clinton said in Washington.

There was no immediate reaction from the Russian Foreign Ministry. Moscow insists that any arms it supplies to its Damascus ally are not being used against anti-government protesters in the 15-month-old uprising.

The U.N. observers were not hurt as they were turned back by the assault on their vehicles by an angry crowd near the town of Haffa, the U.N. said. The source of the gunfire was not clear.

Activists blamed regime loyalists for the attack. The violence raised questions about the ability of about 300 unarmed monitors to provide a useful assessment of a country that is spiraling toward civil war.

"All U.N. observers are now back at their bases and are secure," said Sausan Ghosheh, a spokeswoman for U.N. observers in Syria. She said monitors have been trying to reach Haffa since June 7.

Meanwhile, the U.N.'s peacekeeping chief, Herve Ladsous, said the Syrian conflict had escalated into civil war. "Yes, I think one can say that," Ladsous told Reuters and Agence France-Presse in an interview, his spokesman confirmed.

U.N. observers have seen a steep rise in violence and a dangerous shift in tactics by both sides in Syria in the last five days, the spokesman, Kieran Dwyer said.

The Syrian government, intent on wresting back control of rebel-held areas, is shelling heavily populated districts and using attack helicopters over cities "with devastating impact on civilians," Dwyer said. The opposition, in turn, is increasingly co-ordinating attacks against government forces and civilian infrastructure, and "the conflict has reached all parts of Syria virtually," he said.

The U.N. observers have been prevented from entering other point areas besides Haffa. Last week, it took days for the monitors to reach Mazraat al-Qubair, where nearly 80 people were reported slain, because government troops and residents blocked them.

As the conflict deteriorates into a murderous grind, regional power brokers from Iran to Turkey risk getting drawn into the fight. Diplomatic hopes have rested on Russia -- Syria's most important ally and protector -- agreeing on a transition plan that would end the Assad family dynasty, which has ruled Syria for more than four decades.

But Moscow has rejected outside forces to end the conflict or any plan to force regime change in Damascus. Despite withering criticism from the West, it insists that any arms it supplies to Syria are not being used against civilians.

The U.N.'s special envoy on Syria, Kofi Annan, asked governments with influence to "twist arms" to end the bloodshed. But there are few signs the diplomatic pressure is having any measurable effect.

"The longer this violence continues, the more dangerous it becomes not only for the country and the Syrian people but the region," Annan's spokesman, Ahmad Fawzi, told reporters in Geneva. "It's dangerous and the red light is flashing."

The deteriorating situation in Haffa has raised alarm in the past eight days, and Washington said Monday that regime forces may be preparing a massacre in the village, which is about 20 miles (30 kilometres) from Assad's hometown of Kardaha in Latakia province along the Mediterranean coast.

Activists said government forces were firing mortar rounds into the village.

Calls to the area did not go through Tuesday. The government restricts journalists from moving freely, making it nearly impossible to independently verify accounts from either side.

Violence has escalated significantly in recent days as the government fights to reassert control of pockets of resistance across the country. Syrian forces fired mortars at protesters Tuesday in the eastern city of Deir el-Zour, killing at least 10 people, activists said. Clashes also were reported in central Homs province.

Amateur video of the mortar attack on Deir el-Zour showed some of the dead in a street as survivors screamed in panic and tried to remove their bodies. Other videos showed some of the wounded being treated at a hospital.

The state news agency SANA blamed the Haffa violence on terrorists -- the term it uses to describe rebels -- who had attacked residents in the village. The report also said a reporter and a cameraman for the pro-government Ikhbariya TV were wounded when bullets hit their car in Haffa on Monday.

Throughout the uprising, violence has rattled Latakia, an area of profound importance to the regime. Latakia province is the heartland of the Alawite minority to which Assad and the ruling elite belong, although there is a mix of religious groups.

Syria's Sunni majority makes up the backbone of the opposition, and minorities such as Alawites and Christians have generally stuck to the sidelines, in part out of fears that they will be marginalized -- or even face retribution -- if Sunnis take over.

As the violence worsens, world powers have struggled to find ways to end the bloodshed. Annan brokered a peace plan that was supposed to go into effect April 12 but never took hold. More than 13,000 people have died in Assad's crackdown on the uprising that began in March 2011 as part of the Arab Spring, according to activist groups.

Annan renewed calls Tuesday for the bloodshed to end.

"It is totally unacceptable and it must stop," spokesman Fawzi said, "and that is why Annan has invited governments with influence to raise the bar to another level, to the highest level possible, and twist arms if necessary, to get the parties to implement the plan."

He didn't specify the countries that might still have leverage with the Assad regime, but Russia, China and Iran are Syria's closest and strongest allies.

Fawzi said it was up to the government to take the first step to end the violence.

"The stronger party should send a strong signal in good faith and stop the violence, and the stronger party in this case is clearly the government of Syria," he said.

Syria has so far appeared largely impervious to the chorus of condemnation that began shortly after government forces launched a crackdown on peaceful protests. Economic sanctions have had little effect.

Russia and China have used their veto power at the U.N. Security Council to block strong action against Damascus to prevent any international military intervention against Syria.

But the U.S. and its allies also have shown little appetite for getting involved in another Arab nation in turmoil.

British Foreign Secretary William Hague said Britain and other Western powers were not seeking a foreign military intervention, despite his warning Monday that all options must remain open if diplomacy doesn't work.

"Clearly, we are not looking for any foreign military intervention, and we should not think about it in terms of another Libya," Hague said during a two-day visit to Pakistan.

"All our efforts are going into supporting a peaceful transition in Syria and a peaceful solution, because any violent solution would clearly involve many more deaths and a great deal more hardship for the Syrian people," he said.

Besides the potential for more violence, there also is a real concern it could spill over to other countries in the region.

The International Organization for Migration said more than 5,000 Syrian refugees have now crossed into northern Iraq, and their numbers are growing.

"With the help of international agencies we have managed to provide them with basic necessities, including shelter, food and water since the camp opened at the beginning of April," Shakir Yasseen Yasseen, director general of the Regional Government's Bureau of Migration and Development. "But our prognosis is that they will not be going back home anytime soon."

Read more: http://www.ctv.ca/CTVNews/TopStories/20120612/russia-attack-helicopters-to-syria-120612/#ixzz1xgMj3XFv





Germany may demand Greek exit to save euro




Greece could be forced to leave the eurozone as the price for the survival of the single currency, George Osborne warned yesterday.

The Chancellor suggested that Greece's departure could be required to convince German voters that it was worth bailing out the stricken currency.

"I ultimately don't know whether Greece needs to leave the euro in order for the eurozone to do the things necessary to make their currency survive," he said.

He added: "I just don't know whether the German government requires [a] Greek exit to explain to their public why they need certain things like a banking union, eurobonds and things in common with that."

European officials are drawing up a range of emergency measures to prevent a financial meltdown if Greece crashes out of the single currency in the wake of Sunday's national elections.

The revelations came as the leader of Greece's far-left anti-bailout Syriza party, Alexis Tsipras, renewed his appeal to European leaders to relent in their demands for savage public spending cuts.

Attempting to soothe the nerves of voters concerned that a Syriza victory could herald Greece's exit from the euro, Mr Tsipras said he was optimistic about renegotiating the country's rescue deal.

But European officials are working on measures to limit the fallout from a Greek exit including limiting the amount Europeans can withdraw from cash machines, restrictions on the movement of capital and a temporary suspension of the Schengen pact that permits free movement of people across the continent. "It is sensible planning, that is all," a source told Reuters.

Greece will vote for a second time on 17 June. The most recent surveys showed Syriza to be neck and neck with the pro-bailout New Democracy party. Yesterday, Mr Tsipras used the Spanish bailout, which was agreed with less stringent conditions, to push his message that Greece was being unfairly singled out.


The Independent

Global accounting firm says US debt crisis is "bigger than you think"

I thought we were fine....?
Isn't that what they said????


"The debt crisis is likely bigger than you think," a report issued by Deloitte, one of the world's largest accounting firms, concluded.

That is because interest payments on the country's massive debt add a whole new level of fiscal pain to the problem.

Interest payments on the national debt alone, it noted, are expected to total some $US4.2 trillion over the next decade.

And that number could go higher depending on rates.

The lead author of the Deloitte study, director Bill Eggers, stressed that US Government debt could quickly spiral out of control if investors become less willing to lend more money.

"If interest rates go up by simply three per cent over the next decade, the additional cost to the Treasury, just for interest payments, would equal the peak combined cost of the wars in both Afghanistan in Iraq," he said.

The report showed that $US4.2 trillion being spent on interest could instead:

- build 130,000 kms of highways
- pay tuition for every science/math/engineering college degree in the country
- triple US government general research and development funding
- build six international space stations
- offset 80 per cent of global warming pollution in the atmosphere as recommended by the Intergovernmental Panel on Climate Change


But not all economists are on board with the implications of the study.

"The major holders of government bonds are agencies and individuals within the US," Robert Stonebraker, an economics professor at Winthrop University, told FOXNews.com.

"So if you pay $US1 trillion in interest on the debt, a lot of it will go back to Americans anyway."

But Mr Eggers noted that a lot of the interest payments do go overseas.

"If you look at the interest payments going to foreign countries, soon we're going to be spending enough to essentially finance the Chinese military," he said.

Currently, foreigners own some $US5 trillion in US Government bonds, $US1 trillion of which is owned by China.

Not all economists agree with the study.

"I think they're overhyping the need to fix the debit crisis in short run," Dr Stonebraker said.

"It's not appropriate to cut spending during an economic slowdown -- that is exactly when you need deficit spending to stimulate the economy and get people back to work," he said.

Read more: http://www.news.com.au/business/markets/top-global-accounting-firm-deloitte-says-us-debt-crisis-is-bigger-than-you-think/story-e6frfm30-1226393783077#ixzz1xgCpbdvN

Gerald Celente: American dream debunked

Fitch downgrades Detroit bonds



Detroit— The uncertainty over a lawsuit filed by lead city attorney Krystal A. Crittendon that could halt the city's consent agreement with the state has led one of the top rating agencies to downgrade the city's bond status.

Fitch Ratings announced Tuesday that it has downgraded several areas in the city's bonds. Downgraded were the city's unlimited general tax obligation bonds to CCC from B, limited tax general obligation bonds from CC from B- and pension obligation certificates of participation though the Detroit Retirement Systems Funding Trust, Michigan to CC from B.

Fitch said the possibility that the city would not make a debt service payment on its pension certificates of participation is a driving force behind the downgrade.

"Fitch believes there are actions available to both the city and the state that would (ensure) the payment is made but that the current level of uncertainty so close to a bond repayment date is consistent with a higher probability of default than the prior B- category ratings implied," the Fitch report said.

From The Detroit News:

http://www.detroitnews.com/article/20120612/METRO01/206120422#ixzz1xgIMEoLF

Tens of thousands in Moscow protest

Spain borrowing costs hit euro-era record high




Spain's borrowing costs have risen to the highest rate since the launch of the euro in 1999."The eurozone crisis needs much more than short-term measures - but all the investors are seeing is political infighting rather than a collective long-term plan," Justin Harper of IG Markets told the BBC.

The benchmark 10-year bond yield hit 6.81%, as optimism about the weekend's Spanish bank bailout continued to evaporate.

"The European policy makers are slow to react to the issues. They are doing too little, too late."Broader falls

Analysts said the latest fears arising from the eurozone had added to worries about a global slowdown, hurting demand for oil.

They said that a fragile recovery in the US coupled with slowing growth in emerging markets such as China and India had hit investor sentiment.

"It is a continued set of bad news from all across the globe, and we have been belted with it for months on end without any let up," said David Lennox, a resources analysts with Fat Prophets in Sydney.

In London, the price of Brent crude fell 1% to $96.90 a barrel.

Mr Lennox added that if global economic uncertainty continues and oil production levels remain the same, prices may fall even further.