LNG Is the Future of Energy

By Kent Moors, Ph.D., Contributing Writer, Money Morning

Sometimes the most important impact on a raw material commodity comes less from its actual extraction and more from how product is introduced into new markets.
Indeed, that is becoming the next major development in North American natural gas. The expansion in liquefied natural gas (LNG) exports may well hold the key to turning a glut into advancing profit.

How the Dollar and Europe's Ireland Moves Will Steer Fate of U.S. Stocks

By Jon D. Markman, Contributing Writer, Money Morning

Stocks retreated over the past week following an earnings warning from tech giant Cisco Systems Inc. (Nasdaq: CSCO), renewed tensions in Europe over the ability of Ireland to pay its debts and a surge in the U.S. dollar.

Overlaying the action was word out of South Korea that the G-20 meeting of leaders of the world's largest economies was not going well, with European and Asian leaders expressing exasperation with U.S. monetary stimulus and a distaste for U.S. President Barack Obama's scolding tone on export targets.

Star Gazing: Jada Pinkett Smith Takes Kids to Hawaii

 

Jet-setting around the globe for Jaden's movie premieres and Willow's musical appearances must be tiring for the Smith family. Jada took her superstar kids to Hawaii for some much needed down time. The actress looks pretty relaxed as she soaks up that famous Pacific sun.

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Foreign ministers to talk Pacific ties

AUCKLAND, AAP - Improving ties with Pacific neighbours was on the agenda when New Zealand Foreign Minister Murray McCully meets with his Australian counterpart, Kevin Rudd, in Canberra yesterday.

Mr McCully was due to arrive in Canberra yesterday afternoon for the biannual meeting.
"These talks are an opportunity to discuss the foreign policy agenda in depth, and to set our shared goals for our trans-Tasman relationship," Mr McCully said in a statement.
"Our discussions in Canberra will cover regional and global issues, and how we can further improve co-operation with our partners, including in the Pacific Islands Forum.
The previous formal talks between the countries' foreign ministers were held in February this year, when Stephen Smith held the foreign affairs portfolio in the Australian government.

Israel to take in 8000 Ethiopians

JERUSALEM, AFP - The Israeli cabinet has voted to bring to the country about 8000 Ethiopians who claim Jewish descent, saying they are living in conditions of disease and hunger.
"There are about 8000 women, men and children living in the most severe humanitarian conditions," Prime Minister Benjamin Netanyahu said at the weekly cabinet session on Sunday.
"We have a moral commitment as Jews, as the People of Israel, to find a solution."

Fear grips Haiti

PORT-AU-PRINCE, AFP - The death toll in Haiti's cholera outbreak has soared to 917 as officials struggle to contain the growing epidemic threatening the quake-ravaged country.

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Muslims prepare for rituals

MECCA, AFP - The world's largest annual pilgrimage, the hajj, has begun, with hundreds of thousands of Muslims pouring into the camp of Mina from Mecca to prepare for solemn rituals.

The pilgrims are estimated to total up to 2.5 million this year.

Papandreou Meets with Sarkozy & French Leaders in Paris | Greece.GreekReporter.com Latest News from Greece

Greek Prime Minister George Papandreou and the French President Nicola Sarkozy met today in Paris shortly after 1 pm local time. The meeting focused on relations between the two countries, developments in the global economy and climate change.

At 6 o’clock this afternoon the Prime Minister will meet with François Fillon. Fillon is once again the leader of the new formed cabinet, according to last night’s announcements.

Papandreou Says Greek Voters Rejected ’Sirens of Instablity’

Nov. 15 (Bloomberg) -- Greek Prime Minister George Papandreou said voters have shown support for his efforts to cut the nation’s budget deficit and debt as the ruling Pasok Party stood poised to win most of the weekend’s regional elections.

Gabrielle Union at Day of the Child

Gabrielle Union and other celebs gathered in Los Angeles on November 14, for the 12th Annual Day of the Child. The actress looked fresh and sweet in a periwinkle blue dress with embroidered eyelets.

Shanghai fire: 40 dead as apartment block engulfed in flames

At least 40 people have been killed by a blazing fire in a high-rise residential building in the business centre of Shanghai, on the east coast of China.
A further 90 people were also injured in the incident, which took place at 2pm local time (6am GMT) today in the Jingan district.
Building materials caught fire, and the blaze spread to scaffolding and then to the 28-storey building, home to retired teachers, the official Xinhua News Agency reported.
More people could have been hurt, but the 28-storey apartment block was being renovated.

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Costa Rica calls OAS border resolution 'victory'

AP – Army soldiers raise a Nicaragua's flag by the San Juan riverside, the border zone with Costa Rica which
SAN JOSE, Costa Rica – Costa Rica boasted Saturday of a "diplomatic victory" in its border spat with Nicaragua after the Organization of American States approved a resolution calling for removal of soldiers and security forces from a disputed area along the San Juan River.

Cuba frees the first of 13 political prisoners

By ANDREA RODRIGUEZ, Associated Press Andrea Rodriguez, Associated Press – Sun Nov 14, 12:09 am ET

HAVANA – The first of 13 remaining Cuban dissidents jailed since 2003 was released from prison Saturday and returned to his home in the capital, a strong signal the government intends to release all of the men despite their refusal to go into exile.

Bertha Soler, a member of the Ladies in White dissident group, told The Associated Press that Arnaldo Ramos Lauzurique had "arrived at his apartment" in central Havana after his wife received a telephone call from Havana Cardinal Jaime Ortega informing her of the government's intentions.

Gunmen kill 5, wound 9 in Ciudad Juarez bar

Reuters – Forensic workers stand next to the remains of a body found near a mass grave in Tuncingo, on the outskirts …
CIUDAD JUAREZ, Mexico – Gunmen burst into a bar called "Desesperados" in the Mexican border city of Ciudad Juarez and opened fire on Sunday, killing five people and wounding nine others, authorities said. Assailants also killed the state's prisons director and his son in a second attack in the area, which has turned into a deadly battleground for warring drug cartels.

United States To Face Attacks on Quantitative Easing Policy at G20 Summit as Currency War Rages On

By Kerri Shannon, Associate Editor, Money Morning

The United States will go on the defense at this week's Group of 20 (G20) meeting, having to explain its quantitative easing (QE2) policy to foreign leaders who have criticized the move as a currency war tactic to weaken the dollar and damage other countries' export-driven recoveries.

China, Brazil, Germany and South Africa all have spoken out against the U.S. Federal Reserve's announcement last week that it will buy $600 billion in U.S. Treasuries through June. Finance policymakers from around the globe say the move will depress the dollar and drive capital flows to emerging markets, creating asset bubbles.

Brazil's central bank president Henrique Meirelles said the extra liquidity in the U.S. economy would cause "risks for everyone," and German Finance Minister Wolfgang Schaeuble called the Fed's move "clueless."

PASOK Wins 8 out of 13 Regions

It’s the first time after twenty- four years that the councils of Athens and Thessaloniki passed under the umbrella of PASOK.

PASOK won 8 out of 13 regions. These include Attiica, Eastern Macedonia-Thrace, Sterea Hellas, Western Greece, Peloponnese, North Aegean, South Aegean, Crete, plus the southwest region of Central Macedonia, West Macedonia, Thessaly, Epirus, and the Ionian Islands.

British couple released by pirates

A British couple kidnapped off their private yacht by Somali pirates more than a year ago was set free Sunday, ending one of the most drawn-out and dramatic hostage situations since a rash of piracy began off East Africa. Paul and Rachel Chandler appear at a news conference at the presidential palace in Mogadishu on Sunday, accompanied by Somali

Somali Pirates Release Hostages Paul and Rachel Chandler

Somali pirates released a British couple from captivity on Sunday, ending a yearlong drama in which the pair was moved, separated and moved several times again as negotiations to win their release stalled over the amount of ransom to be paid. The pirates turned Paul and Rachel Chandler over to local Somali authorities near the central town of Adado on Saturday. From there, they flew to the capital Mogadishu, where they met with officials from the Transitional Federal Government before leaving for Nairobi on Sunday night. "We're fine. We are rather skinny and bony, but we're fine," Paul Chandler told the BBC on Sunday. Official photographs released by the Somali government showed them smiling and looking healthy as they met with Prime Minister Mohamed Abdullahi Mohamed.

Mohamed Abdullahi Mohamed

Belgium floods kill 2

A man cycles through a flooded street in Geraardsbergen, Belgium, on Sunday. (Yves Logghe/Associated Press)Belgian authorities called in the army Sunday to assist with emergency evacuations after severe flooding killed two people in the southwestern region of Beaumont, near the French border.
A 72-year-old woman drowned overnight after her husband lost control of their vehicle, Lt. Fabrice

Greece's Socialists win local elections

Greece's governing Socialists emerged the winner of local government elections Sunday, despite a record low turnout and renewed pressure on the crisis-hit nation to impose a new round of drastic spending cuts.
With 99.6 per cent of the vote counted nationwide, the Socialists won mayoral races in Athens and Greece's second largest city,

N. Korea repeats warship sinking denial

North Korea has sent a statement to UN members repeating a denial that it torpedoed a South Korean warship, the communist country's state media reported Monday.South Korean President Lee Myung-bak salutes the portraits of the deceased sailors from the Cheonan during a funeral at a navy base at Pyeongtaek in April. (Jung Yeon-je/Associated Press)

World - Shanghai apartment fire kills 8

Fire engulfed a highrise apartment building under renovation in China's business centre of Shanghai on Monday, killing at least eight people, injuring more than 90 and sending some residents racing down scaffolding to escape.More than 80 fire trucks were called to fight a fire that engulfed a highrise apartment building in China's business centre of Shanghai

World - Burmese flee homes as tensions increase

Hundreds of people living along the border between Burma and Thailand fled their homes overnight Sunday, trying to escape renewed fighting between the Burmese army and one of the country's largest ethnic rebel groups.
Fighting between the Burmese military and ethnic Karen rebels follows the release of pro-democracy leader Aung Sung Suu Kyi.

World - Mexico resort blast kills 5 Canadians

 

Family members of hotel employees wait for news after a gas explosion at the Grand Riviera Princess Hotel in Cancun on Sunday.
Mexican officials are trying to determine what triggered a gas explosion at a Playa del Carmen hotel complex on the weekend that killed two Mexicans and five Canadians, including a nine-year-old boy and a newlywed.