Jijo Jacob

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Why a Greek Debt Restructuring Deal Could Still Collapse

Eurozone finance ministers are expected to formally endorse Greece's second bailout package on Monday. The final deal to funnel a rescue package worth 130 billion euros ($170.9 billion) is an important lifeline to the debt-hit country, for without it, Greece will default on a 14.5-billion-euro bond redemption due on March 20.

Iran Defies West Again, Unveils New Generation Nuclear Centrifuges

Iranian State television said a new generation of faster and more efficient uranium enrichment centrifuges will be unveiled on Wednesday, signaling that Tehran cares little for the international sanctions and that the country would go ahead with its nuclear plans defying all odds.

When will Israel Attack Iran?

Straws in the wind indicate that a non-war option does not hold much water in the current situation. Obviously there are two non-war options, but both look disappointingly implausible. They are: 1) Iran should retreat from its nuclear enrichment process and activities the West alleges are intended to make an N-bomb and 2) Israel, the West and Iran's pathological foes in the Arabian Gulf should live with a nuclear Iran. Both of these options are impractical.

Another Nun Kills Herself: Self-Immolations Rise as Tibetan New Year Approaches

The long-simmering tension is reaching the boiling point as angry and frustrated Tibetans are preparing to observe their New Year on Feb.22. Monks and nuns are killing themselves in protest across Tibet in alarming frequency even as the government security forces flood the streets around monasteries and nunneries and local people are intimidated with the use of lethal force.

Syrian Opposition Says 50 Killed in Homs Assault

Syrian forces bombarded Homs on Monday, killing 50 people in a sustained assault on several districts of the city which has become a centre of armed opposition to President Bashar al-Assad, the Syrian National Council opposition group said.

Humbled Romney Vows to Release Tax Returns

Humbled by a stunning loss in South Carolina, Mitt Romney said on Sunday he would release this week the tax returns demanded by rivals as he bids to regain the upper hand in the volatile Republican presidential race.

Iran Says it Will ‘Never’ Give up Right to Uranium Enrichment

Edgy Iran heightened rhetoric on Sunday saying it will never stop uranium enrichment even as local media reported that an underground uranium enrichment facility in central Iran will soon start enriching uranium at a purity level far higher than what is needed for energy production.

Limelight on Political Changes, Risks in Major Asian Economies in 2012

The Asian political canvas looks challenging in 2012, with government changes in key countries likely to surprise investors and businesses. The highlights are a once-in-a-decade leadership change in China, chances of an early general election in India, worsening uncertainty in Pakistani politics and general elections in South Korea, Taiwan and Malaysia.

Where is Oil Price Heading in 2012?

Crude prices started their jolly ride to the top in February last year when simmering discontent in the Middle East erupted into several violent anti-government protests.

Global Military Balance Shifts as Economic Winter Hastens Europe’s Decline

A shift in the global military balance is one of the inalienable fallouts of the economic winter experienced by the Western world. While military spending in the U.S., the reigning super power, is increasingly coming under a scanner, the extended defense holiday in Europe signals that the continent’s global influence is on irreversible decline.

Has Newt Gingrich Got Lucky, or is he a Clever Campaigner?

Newt Gingrich, the Republican front runner for 2012 U.S. presidential election, is indeed emerging as a colorful personality. After initial campaign setbacks he faced due to his personal history, Gingrich surged to the top of the contenders’ list. But his emergence as a serious contender also raises interesting questions.

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