Wednesday, February 2, 2011

Egypt Turmoil Threatens U.S. Economy

Rising prices for food and fuel helped drive the uprisings racking the Middle East, now those uprisings are pushing prices higher still and threatening America's economic recovery.

Prices had been on the rise for months around the world as increased demand following a long recession - especially driven by economic booms in China and India - squeezed available resources.

Massive increases in the cost of staples like flour and cooking fuel helped stoke popular anger in the poor countries in the Middle East and could do the same elsewhere. Note well that the ChiComs are heavily censoring the news on the Arab uprising lest their inflation-strained subjects get any funny ideas.

Tuesday, February 1, 2011

Russian police identify airport bomber

(CNN) -- The man who detonated a bomb at Domodedovo Airport in Moscow on Monday, killing 35 people, was a 20-year-old from the North Caucasus, the Russian Investigative Committee said Saturday.

The agency also said it was clear the bomb targeted foreigners.

"It was no accident that the terrorist attack took place in the international arrivals zone," the state-run RIA Novosti news agency quoted Investigative Committee spokesman Vladimir Markin as saying. "Investigators believe that it was directed against, in the first place, foreign nationals."

The bomb blew up in a crowded area of the international arrivals section, killing 35 people and wounding scores more.