Iran fires medium-range missile in war game

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Iran’s elite Revolutionary Guards fired 14 missiles in an exercise Tuesday, one of them a medium-range weapon capable of striking Israel or US targets in the Gulf, state media said. The Guards’ aerospace commander, Brigadier General Amir Ali Hajizadeh, insisted Iran’s missile programme posed no threat to European nations but was merely intended to provide…

Saving the world economy from Gaddafi

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Published: 05 May, 2011, 06:29 Some believe it is about protecting civilians, others say it is about oil, but some are convinced intervention in Libya is all about Gaddafi’s plan to introduce the gold dinar, a single African currency made from gold, a true sharing of the wealth. ­“It’s one of these things that you…

Libyan war a boon to banks that wasted Gaddafi’s money

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Published: 03 June, 2011, 16:42 Edited: 04 June, 2011, 03:59 The civil war in Libya and the West’s declaration of Muammar Gaddafi an illegitimate leader is good news for financial institutions that borrowed money from the Libyan Investment Authority (LIA) and invested it with disastrous results. Earlier several media, including The Financial Times and the…

Sarkozy’s Napoleonic ambitions backfire

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Nearly a month into the operation in Libya, it is causing trouble back home for those countries involved, especially France where the president is feeling the pinch of national distrust. Even the country’s intervention in its former colony of Côte d’Ivoire could not save Nicolas Sarkozy from accusations of being imperialistic. If Sarkozy hoped intervening…