John J. Xenakis

Latest News

World View: US, IMF, EU Facing Bailout Requests from Ukraine, Greece

Ukraine says that it's going to need a $35 billion bailout for 2014 and 2015. It seems likely that the U.S., the IMF, and the European Union are going to be asked to provide that bailout. At the same time, the "Troika" of organizations bailing out Greece -- the European Commission (EC), the European Central Bank (ECB), and the International Monetary Fund (IMF) -- are in a bitter dispute with Greece's government over the amount of bailout money needed by Greece. Feb 25, 2014 7:59 AM PT

World View: Mass Murderer Robert Mugabe of Zimbabwe Has 90th Birthday

Zimbabwe's President Robert Mugabe, who has been president since 1980, celebrated his 90th birthday on Sunday. Mugabe's party, the Zimbabwe African National Union-Patriotic Front (ZANU-PF), operate as de facto enforcers of government policies and commit assault, torture, rape, extralegal evictions and executions without fear of punishment. Feb 24, 2014 1:50 AM PT

World View: Europeans Broker 'Peace Agreement' in Ukraine

With violence growing in Ukraine and the country becoming increasingly lawless and ungovernable, foreign ministers from Poland, France, and Germany brokered a Ukraine peace agreement between president Viktor Yanukovych and the leaders of the opposition. The opposition signed because European leaders warned them that the alternative was martial law. Feb 22, 2014 6:01 AM PT

World View: Ukraine Chaos Raises Fears of Similar Violence in Russia

There is still a great deal of concern about what Russia is going to do if things don't go its way in Ukraine. It's widely believed that any military action by Russia in Ukraine is "on hold" for the duration of the Sochi Olympics, and the fears are of what Russia might do once the Olympics games have ended. Feb 19, 2014 12:07 AM PT

World View: Egypt's Terrorism Escalates with Attack on Tourist Bus

A terrorist bomb exploded on a bus carrying 33 tourists in Egypt Sunday. The explosion killed the Egyptian bus driver and three South Korean tourists. The attack took place in the Red Sea resort town of Taba, in south Sinai, just before the bus was about to cross over into Israel. Feb 17, 2014 3:02 AM PT

World View: Pakistan Will Sell Warplanes to Saudis, Denies Nuclear Cooperation

Pakistan announced that it plans to sell JF-17 Thunder combat jets and other aircraft and equipment to Saudi Arabia. The JF-17 was developed jointly by China and Pakistan. This announcement comes days after reports that Saudi Arabia is asking Pakistan to send 30,000 troops to Saudi Arabia. Pakistan and Saudi Arabia are signing defense cooperation agreements because of the rise of Iran. Feb 15, 2014 6:40 AM PT

World View: European Union to 'Mobilize' Private Savings for Bailouts

The European Union is looking for ways to fund long-term investments, including bailout loans, by "mobilizing" private savings, which presumably means that private savings would be confiscated, as happened in the bailout of Cyprus last year. Also under consideration is a voluntary EU savings account, where investors could pool their money for investment in small companies. Feb 14, 2014 6:50 AM PT

World View: Obama Slams French Businessmen in Front of France's President

At a Washington press conference on Tuesday held jointly with France's president François Hollande, President Barack Obama criticized businessmen who try to violate the sanctions against Iran. He was apparently referring to a delegation of 116 French businessmen, with representatives from major companies like Total, Lafarge, and Peugeot, who visited Tehran last week in hopes of getting a big chunk of business with Iran when sanctions are completely lifted. Feb 12, 2014 5:37 AM PT

World View: Pakistan Asked to Send 30,000 Troops to Saudi Arabia

Reports out of Pakistan indicate that Saudi Arabia has asked Pakistan to dispatch 30,000 troops to the Kingdom as part of a bilateral defense agreement that's currently being formulated in a flurry of visits and meetings between defense and military officials from the two countries. Feb 11, 2014 2:25 AM PT

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