With admiration, many have been observing Iceland’s handling of the banking crisis that jolted the entire world in recent years. Now experiencing a unique economic recovery, the Icelandic public became aware in 2008 that the nation’s private banks had borrowed some $120 billion dollars, ten times the size of Iceland’s economy, creating an economic bubble which forced housing prices to double, and saddled the nation’s people with debt. Continue reading »
Millions of dollars worth of weapons sent by the CIA to Jordan for Syrian rebels was stolen by Jordanian intelligence chiefs and sold on the black market, it has emerged.
Thousands of Kalashnikov assault rifles, mortars and rocket-propelled grenades – intended for US-backed opposition groups fighting President Bashar al-Assad’s forces – ended up in the hands of criminals.
The theft was reportedly carried out by officers with direct access to cargo, who “regularly siphoned truckloads” of the arms while still delivering some to designated drop-offs. Continue reading »