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News Headlines - 28 July 2015

  News disclaimer      General disclaimer
North Korea may be preparing to launch a new, long-range rocket

Seoul (AFP) - North Korea is preparing to launch a new, long-range rocket, possibly in October, having completed an upgrade at its main satellite launch base, South Korea's Yonhap news agency reported Wednesday.

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China's Record Dumping Of US Treasuries Leaves Goldman Speechless
by Tyler Durden

On Friday, alongside China's announcement that it had bought over 600 tons of gold in "one month", the PBOC released another very important data point: its total foreign exchange reserves, which declined by $17.3 billion to $3,694 billion.

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UN Security Council Enshrines Disastrous Iran Nuclear Deal into International Law
by Joseph A. Klein

The United Nations Security Council approved unanimously a resolution endorsing the final Iran nuclear deal agreement, known as the Joint Comprehensive Plan of Action (JCPOA). The resolution, which will go into formal effect 90 days after its passage on July 20th, incorporates the JCPOA as an attachment.

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The President Of France Wants Eurozone Members To Transfer Their Sovereignty To A United States Of Europe
by Michael Snyder

The President of France has come up with a very creative way of solving the European debt crisis. On Sunday, a piece authored by French President Francois Hollande suggested that the ultimate solution to the problems currently plaguing Europe would be for every member of the eurozone to transfer all of their sovereignty to a newly created federal government.

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Bipartisan Anger in Congress over Obama's UN Move
by Gil Ronen

Republican lawmakers but some influential Democrats as well were angry Monday about the Obama administration's decision to have the United Nations Security Council (UNSC) vote on the Iran nuclear deal before Congress has had a chance to accept or reject it.

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