While all of the media was fixated of the Time Square bomber, Nashville Tennessee experienced sever flooding. The Gulf oil spill continued to grow. BP's attempts to cap the oil well failed. I think we should use a nuclear weapon on the well, its worked before.
This month the U.N. meet to revise the NPT. The first speaker, Iranian President Mahmoud Ahmadinejad, said nuclear weapons exist to kill as many people as possible and all nuclear weapons should be destroyed. He also criticized the U.S. for still having several thousand nukes along with Israel, Pakistan and India for not signing the NPT. At the end of the event 189 countries agreed that Israel mush sign the NPT, which Israel then said they will not.
The U.S. Israeli relations are at their worst in years. The U.S. asked Israel to sign the NPT and before that we told them to stop the building of new housing in Jerusalem. The relationship is important for several reasons, more so for Israel. Without the aid from the U.S. Israel would not last for five years in the Middle-East. Not that they would be "wiped off the map" but they would have to coexist with the Palestinians with a two-state solution. The U.S. gives about $7 million dollars to Israel every day. The IDF (Israel Defense Force) intercepted a "freedom flotilla" that tried to send 10,000 tons of aid to occupied Gaza. During the interception the IDF killed 9 Free Gaza activist. The UN held a emergence security meeting and several countries expressed the actions of the IDF as inexcusable. The UN now wants Israel to end the Gaza blockade.
The U.S. economy as a down turn. On May 6 the NYSE had a 998 point drop, the largest single point drop ever. Luckily, the stock market rebounded before the closing bell. The stock market is at the same level it was in February of this year. The European economy went through hell. Greece had to approve austerity measures as part of an EU/IMF bailout for its outstanding debts. Violent protest broke out in the streets of Greece. Not long after the EU approved close to a trillion dollar bailout for countries such as, Portugal, Spain, Italy and Greece. Due to the bailout the Euro is losing value fast. People are selling the Euro and buying the U.S. dollar, but our problems are far from fixed. Eventually we will go through another recession leaving the dollar even weaker. It was announced that the total cost for both wars has reached $1 trillion. Every month we spend $9 billion on the wars. The 2011 defense for 2011 is $708 billion. The cost for Medicare/Medicaid and Social Security is well over a $1 trillion. These are the biggest budget items.
The 1,000 military personal died in Afghanistan this month. This summer we are going to move into Kandahar to face the Taliban. Expect to hear about casualties from this assault, the Taliban has said they will fight. The Iraq elections failed to give a majority to any party leaving Iraq with on government. We will remain in Iraq for years to come. We may reduce troop levels, but we will continue to have air bases in Iraq until 2018. S. Korea blamed N. Korea for sinking one of their naval ships. N. Korea denied the claim and warned of "all out war" if attacked. The Tensions in the world are pointing toward war. The U.S. sent a nuclear sub into the strait of Hormuz. Israel has sent their nuclear subs into the strait of Hormuz. Israel and the U.S. claimed N. Korea is sending nuclear material to Iran and Syria. Adding the tensions over Israel's raid on the flotilla only adds to the support of Hamas and anti-Israeli/America sentiment in the Middle-East. This summer could see the start of World War 3.
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