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Fatster’s Roundup

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International Developments

? “Syrian rebels” fighting it out with Hezbollah in Lebanon “in the latest sign Syria’s civil war is spilling over the country’s borders.”

Sen. John McCain (R-AZ) is all fired up to aid the anti-government rebels in Syria since President Bashar al-Assad’s fall is  no longer inevitable.  He’s convinced that “most of the rebels were ‘good people who are fighting for freedom'”.

? “Syria gleefully turned the tables on Turkish Prime Minister Tayyip Erdogan . . . , calling on him to halt the violent repression of peaceful protests or resign.”

? “[Thousands of] Turkish protesters control Istanbul square after two days of clashes.”

? “Iraq records highest monthly death toll in years”: 1,000 killed in May.

? “Three NATO soldiers and a civilian working with the international military coalition in Afghanistan were killed in three incidents” yesterday.

? Is the Administration hiding “reports of our impending defeat in Afghanistan” by abusing its own classification system?  Emptywheel investigates.

? Petition to Afghanistan President Hamid Karzai against destruction of ancient Mes Aynak city.

? “Iranian media say that a court has imposed a six-month publishing ban on a state-owned newspaper [IRAN] for its allegedly false reporting.”

? “Laos [has decided] to turn over to the North Korean government nine defectors, most of them homeless teenagers.”

International Finance

? NBCNews:  “Austerity backlash forcing Europe to soften budget cuts”. “Nearly 20 million Europeans . . . are without work. . . . one in four Spaniards is out of a job; in Portugal 17.8 percent are unemployed.”  “Younger workers are taking the brunt”.

? The EU’s Competition Commission has “introduced formal proceedings against Germany . . .suspect[ed] of providing ‘inadmissible subsidies'” through “price concessions for energy-intensive companies” rather than on developing practical alternatives.  9 billion euros could be involved.

? France is investigating whether UBS (Swiss bank)‘s French offices “solicited French clients to open accounts designed to evade taxes.”

? “South African officials are investigating claims ex-Libyan leader Muammar Gaddafi and his family stashed $1bn . . . in assets in the country.”

Money Matters USA

? “Why Didn’t the SEC Catch Madoff?”.

? “NM High Court Says State Violated Union Contracts“.  Next up, “how to give back pay [perhaps $20 million] to the thousands of current and former state employees affected”?

? Sen. Bernie Sanders (D-VT) says “We Must Not Accept This Economic ‘New Normal’.

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Dan Wright

Dan Wright

Daniel Wright is a longtime blogger and currently writes for Shadowproof. He lives in New Jersey, by choice.