It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Intruder military plane awaits permission to leave India
NEW DELHI, June 20 (RIA Novosti) - A Russian-made cargo aircraft that flouted the Indian airspace late on Friday is currently awaiting permission for take-off at Mumbai airport, an airport spokesman said on Saturday.
The Indian Air Force forced an An-124 plane, en route from the U.S. military base in Diego Garcia to Afghanistan's Kandahar, to land on suspicions that it was a military plane flying on a civilian flight code. It landed at Mumbai airport at 10:40 p.m. local time (17:10 GMT) on Friday, according to an airport source.
The aircraft owned by a private Russian airline, Volga-Dnepr, was carrying U.S. military goods, the Indian Air Force (IAF) said.
IAF spokesman T.K. Singha said the airline had applied for permission to fly over India to the country's Department of Civil Aviation, not to the Defense Ministry.
www.stevequayle.com...
Is this true?
May 15, 2009
By Michael Hudson
Financial Times
Challenging the American empire will be the focus of meetings in Yekaterinburg, Russia, today and tomorrow for Chinese President Hu Jintao, Russian President Dmitry Medvedev and other leaders of the six-nation Shanghai Co-operation Organisation. The alliance comprises Russia, China, Kazakhstan, Tajiki-stan, Kyrgyzstan and Uzbekistan, with observer status for Iran, India, Pakistan and Mongolia.
The attendees (who will be joined on Tuesday by Brazil for trade discussions) have assured American diplomats that dismantling the US financial and military hegemony is not their aim. They simply want to discuss mutual aid - but in a way that has no role for the US or for the dollar as a vehicle for trade among these countries.
The meeting is an opportunity for China, Russia and India to "build an increasingly multipolar world order", as Mr Medvedev put it in a St Petersburg speech this month. What he meant was this: we have reached our limit in subsidising the US military encirclement of Eurasia while also allowing the US to appropriate our exports, companies and real estate in exchange for paper money of questionable worth.
An "artificially maintained unipolar system", Mr Medvedev said, was based on "one big centre of consumption, financed by a growing deficit, and thus growing debts, one formerly strong reserve currency, and one dominant system of assessing assets and risks".
Keen observers of America, if not effective managers of their own economies, these countries argue that the root of the global financial crisis is that the US makes too little and spends too much. Especially upsetting is US military expenditure - such as military aid to Georgia or the presence in the oil-rich Middle East and central Asia - using money that foreign central banks recycle.
The countries that are gathering today are convinced that this hegemony cannot continue without adequate revenues and are attempting to hasten the bankruptcy of the US financial-military world order. If China, Russia and their allies have their way, the US will no longer live off the savings of others, nor have the money for unlimited military spending.
US officials wanted to attend Yekaterinburg as observers. They were told no. It is a word that Americans will hear much more in the future.
The writer is professor of economics at the University of Missouri
TOKYO (MarketWatch) -- The World Bank predicted Monday that the global economy will shrink 2.9% this year, a deeper fall than the 1.7% contraction it predicted in March.
It also warned that international capital to developing nations will continue to slow, with flows projected to fall to $363 billion in 2009 from their peak of $1.2 trillion in 2007.
Developing countries will grow by 1.2% in 2009, the bank said, down from 5.9% in 2008 and 8.1% in 2007.
Excluding China and India, gross domestic product in developing countries is expected to contract 1.6%.
The world has entered an era of slower growth that will require tighter and more effective oversight of the financial system, the bank said in a statement.
But don't pop the corks just yet, economists warn. Instead, a deeper look into the Indian figures reveals a worrying trend, they say. Since October, India's economic growth has been mostly buoyed by government spending, not by actual private-sector growth. In the last quarter of 2008, for instance, increased government expenditure made up almost all of India's growth, according to estimates by Singapore-based HSBC (HBC) economist Robert Prior-Wandesforde and by BusinessWeek. Without the government spending, the growth figure would have been a paltry (and stock-market melting) 0.1%.
BEIJING, March 5 (Reuters) - China may have to increase its budget deficit beyond the figure of 950 billion yuan announced in Thursday's budget if growth does not pick up by mid-year, a Ministry of Finance researcher said.
"China may have to widen the fiscal deficit further if the economic situation continues to be weak in the second quarter," the researcher, Jia Kang, told reporters on the sidelines of the annual session of the National People's Congress, the largely ceremonial parliament.
The draft budget for the coming year has finally been sent to the State Duma for approval. The original document, based on the price of oil at $95 per barrel, had to be rewritten when oil prices collapsed. Based on the current price of $41 a barrel, the new budget manfully faces up to the fact that Russia must run its first budget deficit in a decade. But the government is still trying to put on a misleadingly brave face.
After a struggle in the government between the Keynesian deficit spenders and the fiscal conservatives who advocated minimizing debt, the budget unveiled for discussion on March 20 and sent to the Duma for approval yesterday shows that the spenders have won. Despite a predicted fall in revenues of over a quarter, the government has actually increased its planned spending. And it seems happy to run a deficit in order to fund it.
The draft budget that has been sent to the State Duma anticipates revenues of 6.7 trillion rubles, and expenditures of 9.6 trillion. The 2.9 trillion ruble gap is produced partly by a fall in revenues (down 27 percent) and a simultaneous increase in spending (up 28 percent). Russia plans to take 2.7 trillion rubles (some $80 billion) of the deficit spending from its stabilization fund, which stood at $136.3 billion in February.
MOSCOW — The leader of an unstable republic near Chechnya, who had been installed by the Kremlin in an effort to tamp down tensions there, was seriously wounded in an assassination attempt Monday morning, officials said.
The leader, Yunus-Bek Yevkurov, president of Ingushetia, was being driven to work in a motorcade when it was hit by an enormous bomb. One or more of his bodyguards may have been killed, local news agencies said.
BAGHDAD (AP) — A roadside bomb exploded next to a bus carrying Iraqi high school students to their final exams on Monday, police said, the deadliest in a series of blasts that killed five people in Baghdad.
The attacks came two days after the country's deadliest attack this year — a truck bombing that killed at least 75 people in northern Iraq.
Violence has been escalating ahead of a June 30 deadline for the withdrawal of U.S. forces from major cities and urban areas in Iraq. Officials have warned they expect militants to step up attacks around that deadline.
Originally posted by SLAYER69
Well everybody at this point do we need to discuss the issue with Iran or should we just refer to it as a grass roots movement or is the CIA and the UK in on this situation from the start or are they trying to take advantage of it. I cant decide which came first.
Most of Christianity in it's Roman manufactured form appeared right afterwards and was largley based on Sassanid Gnosticism.
Originally posted by SLAYER69
Interesting to say the least.
Leader of Russian Region Attacked
MOSCOW — The leader of an unstable republic near Chechnya, who had been installed by the Kremlin in an effort to tamp down tensions there, was seriously wounded in an assassination attempt Monday morning, officials said.
The leader, Yunus-Bek Yevkurov, president of Ingushetia, was being driven to work in a motorcade when it was hit by an enormous bomb. One or more of his bodyguards may have been killed, local news agencies said.
The absence of U.N. and OSCE monitors from Georgia's breakaway Abkhazia and South Ossetia could aggravate tensions and lead to new "full-blown hostilities," a Brussels-based thinktank said on Monday.
The International Crisis Group said Russia's consolidation of its military presence in both regions, and its refusal to endorse the continuation of U.N. and OSCE monitoring in their current form posed a threat to security.
Russia and Georgia fought a five-day war last August, when Russia crushed a Georgian assault on the breakaway pro-Russian region of South Ossetia, which like Abkhazia threw off Tbilisi's rule in the early 1990s.
"... violent incidents and the lack of an effective security regime in and around the conflict zones of South Ossetia and Abkhazia create a dangerous atmosphere in which extensive fighting could erupt again," the ICG said in a policy briefing.
"Russia has not complied with the main points of the truce, and the sides have not engaged in meaningful negotiations to stabilize the situation."
Russia recognized South Ossetia and Abkhazia as independent states after the war, and stationed thousands of troops in both regions despite an EU-brokered ceasefire agreement that called on Russian forces to pull back to their pre-war positions.
DISPLACED
Russia last week vetoed a Western-drafted U.N. Security Council resolution to extend the mandate of some 130 U.N. monitors in Abkhazia, saying the text reaffirmed Georgia's territorial integrity and was therefore unacceptable.