Iran has produced new ballistic missiles. The short range ballistic missiles have been designed for the Naval Forces of the Islamic Revolution Guards Corps. Built by Iran's Defense Ministry, the Zafar cruise missiles can evade high tech radars and hit any target in the sea.
4 Feb 2012
Submitted by Tyler Durden:In one of the clearest (and most optically pleasing) discussions of recent months, David McWiliams (of Punk Economics) succinctly explains how Europe has evolved from a democracy to a bankocracy, the implications of which lead to austerity for the people and a Franco-German imposition (the 'fiscal compact') that can only lead to social unrest and chaos. In this brief (and expertly illustrated) video, the Irish economist clarifies Europe's 'dirty little secret' where economic policy is being run almost exclusively for the banks which, as we see in Greece and Ireland, means the political elite are becoming more and more detached from the people. The terror of the r-word (referendum) looms large as McWilliams analogizes the two ways out of a debt crisis (squeeze the debtor or forgive the debtor)
In this edition of the show Max interviews the filmmaker and journalist Oscar Leon. Oscar being a prominent filmmaker at various Latin American broadcasters talks about the domino effects of the Occupy movement from the United States to Latin American countries and the anti-imperialist force or a new version of Leftist movement forming in Argentina, Bolivia, Ecuador and other countries in the region. The broadcast of the OWS movement in the Latin American TV channels, the role the internet and social networks have played in creating and spreading this movement, the effect of Arab Spring on the 99 percent movement and much more issues are all reviewed in this edition of On the Edge. Source
Greece is at the heart of the ongoing eurozone crisis, but is past sleight of hand by Greek statisticians to blame for the country's current financial meltdown?
"We used to call him the magician, because he could make everything disappear. "He made inflation disappear. And then he made the deficit disappear," recalls Greek economist Miranda Xafa.
In the 1990s Miranda Xafa was working for an investment house in London, watching from a distance, as her native Greece got ready for membership of the euro.
She knew - and advised her clients - that the country's economy was not ready, that the statistics its government was publishing did not reflect reality.
"I used to come to Athens from London, with clients of Salomon Brothers," she tells me. "We always saw the head of the statistical agency of Greece, who compiled all the statistics on the debt, the deficit and so on. "He was "the magician" who made inflation and the deficit "disappear".
The vaporized and the deleted - the new American soap opera in which the assets, wealth, jobs and economy of the 99% have been stolen. In the second half of the show, Max talks to Daniel Collins of TheChinaMoneyReport.com about China's imports of gold and their recent purchases of Germany's legendary mittelstands. Source
In an ironic post, the hacktivists made the 20-minute long conversation available online, taunting the Federal Bureau of Investigations with the leak – and the fact that while the agents may only have half-formed plans to arrest Anonymous members, the group itself is making sure to stay one step ahead.
After a rather odd discussion on whether there really is a McDonalds in the Pentagon – and gleeful confirmation of the existence of one in Sheffield – the agents get down to the point of their conference: whether dual interviews with suspects are possible, the delayed arrests of several teenagers suspected of being hackers, and unnamed “operational matters.”
But the most intriguing part of the conference comes after a US agent thanks his UK counterparts for their help. “We are here to help,” came the reply. “We know we’ve cocked up in the past.”