October 22, 2014

By Peter Warburton and Joanna Davies

A drama is unfolding at the heart of Europe as old stimulus programs expire and new ones meet with skepticism and derision. Mario Draghi, president of the European Central Bank, pulled off a timely rescue of the European monetary system in the summer of 2012 without spending a cent of central bank money. That earned him the nickname of “Super Mario” among admirers and critics, alike.

Eurozone on the Brink, as ‘Super Mario’ Races to the Rescue
European Central Bank President Mario Draghi (Nicholas Kamm/Getty Images)
Cameron Sought ISIS Vote to Reverse Syria Humiliation
September 26, 2014
Heard in London

by Jeremy Bradshaw


British Prime Minister David Cameron told the United Nations this week that the United Kingdom is willing to “play its part” in the war against the Islamic State in Iraq and Syria. But first he needed approval from the British Parliament.
New Face of Organized Crime: Islamic Terrorists and Mexican Drug Gangs
September 26, 2014

by Norman A. Bailey


Mexican drug gangs and Islamic terrorists have formed a deadly new partnership, according to U.S. and Israeli security and intelligence sources.
Add Khorasan to the New Terror Threats to US, Europe
September 25, 2014
SITUATION REPORT

The Obama administration unexpectedly added the Khorasan Group, an al-Qaeda offshoot, to the list of targets for this week’s airstrikes. The White House suspected the terrorists were plotting imminent attacks against the United States and Europe by placing bombs that are difficult to detect on airliners. The threats posed by the Khorasan Group are similar to those of the Islamic State of Iraq and Syria but appear to be more focused on direct attacks on the West.
Eurozone Inflation Likely to Rise After a Three-Year Low
September 25, 2014
Eurozone annual inflation has been on a slippery slope for the best part of three years. From a high of 3 percent at the end of 2011, inflation has dropped to a low of .3 percent in August with lower energy and food prices largely responsible for that decline in the 18 European countries that share the euro as a common currency. But that could soon end as the global economy recovers.
Ukraine Walks a Tightrope Between EU and Russia
September 24, 2014
Ukraine’s moves to strike a trade agreement with the European Union while also granting self-rule and amnesty to pro-Russian rebels represent a careful strategy. Ukraine is trying to protect what is left of its sovereignty without risking further interference from Russia. However, key elements of the EU agreement will not be implemented until late 2015 at the earliest because of Russian pressure. There are also concerns Moscow could eventually kill the deal.
War Against ISIS Collides With Iran Nuclear Talks
September 23, 2014
The multilateral talks on Iran’s suspected nuclear-weapons program that resumed last week are again mired in controversy. Conflicting statements by Washington and Tehran about a possible Iranian role in combatting the terrorist army of the Islamic State of Iraq and Syria has divided experts and raised new concerns from the U.S. Congress. Many in Congress also are worried about new proposed compromises by the Obama administration that would allow Iran to keep all of its centrifuges as long as most of them are “disconnected.”
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