This morning’s key headlines from GenerationalDynamics.com.
Eurozone government debt continues to be much worse than expected
Just as today’s US housing data is much worse than expected (see today’s main article), euro zone government debt is much worse than expected, reaching new record levels. Debt in all 16 euro zone countries rose last year, lifting the bloc’s average debt to 85.1% of GDP, up from 79.3% in 2009. Greece’s debt ballooned to 142.8% of GDP, and Ireland’s debt surged 30.6 percentage points to 96.2% of GDP. Greece and the Europeans are still stalling on the question of restructuring Greece’s debt, which seems to become more and more of a crisis each hour. Bloomberg
Syria poised to join the United Nations Human Rights Council
The bloody assaults and massacres by Syria’s government on its own people continue on a daily basis. However, Syria is now on target to become a member of the United Nations Human Rights Council if, as is quite possible, the U.N. General Assembly votes to put Syria there next month. CS Monitor
Russia offers ‘mediation services’ in the Libya Crisis
Pursuant to its strategy of bogging the U.S. and the West in a protracted stalemate situation in Libya, Russia is offering “mediation services.” Russia is hurrying to do this out of fear that the West will escalate the military action and bring it to an decisive end. By offering to mediate, they can guarantee that no decisive action will be taken, and the military intervention will continue indefinitely. Jamestown
Kuwait gives Libyan rebels $181 million
Kuwait has given Libya’s opposition leadership $181 million to help pay state employees who have not been paid in months. The National (UAE)
Canada embarrassed by jailbreak in Kandahar, Afghanistan, prison
Monday’s jailbreak at the Kandahar prison in Afghanistan is particularly embarrassing to the Canadians because they spent at least $4 million upgrading the president and training its staff after a previous jailbreak by the Taliban in 2008 that freed more than 800 inmates. Canadian Prime Minister Stephen Harper said, Obviously we’re disappointed with this particular failure there. But, you know, this is a long learning experience and we’ll continue to plug away and continue to work with Afghan authorities to make progress on these issues.” Globe and Mail
Real estate bubble near Buckingham Palace?
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The three-story green buildings you see are brand new temporary buildings. They’ve just been built across the street from Buckingham Palace, housing 22 glass-fronted TV studios. They’re painted green so that they blend in with the trees. They blend in well, don’t they? No word on how much it costs to rent one. AFP
California’s SETI Institutes abandons search for extraterrestrial life
Lacking the money to pay its operating expenses, Mountain View’s SETI (Search for Extra-Terrestrial Intelligence) Institute is shutting down its array of radio dishes that scan the skies for signals from extraterrestrial civilizations. Mercury News
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