CIA chief: Military solution ‘impossible’ in Syria, Iraq

A military solution is “impossible” in parts of the Middle East, US CIA chief John Brennan said Tuesday, arguing that it was hard to picture effective central governments in some countries as they exist today.

“When I look at Libya, Syria, Iraq and Yemen,” Brennan said, “it’s hard for me to envision a central government in those countries that’s going to be able to exert control or authority over the territory that was carved out post World War II.” Continue reading

US Military Incapable of Overcoming Defenses of Russia, China and Iran

The US military has over-invested in purchasing short- range direct attack bombs and has under-invested in the long-range, stealth and precision-guided weapons.

Due to that, the United States cannot overcome the defenses of such countries as Russia, China and Iran. This conclusion was reached by experts of the Center for Strategic and Budgetary Assessments, reports media outlet Flight Global. Continue reading

Argentina says next bond payment ‘impossible’, default looms

(Reuters) – Argentina threatened to default on its debt on Wednesday when the government called it “impossible” to pay bond service due on June 30, citing a U.S. court decision earlier in the day that increased pressure on the economically ailing country.

Buenos Aires is locked in a 12-year legal fight with creditors who refused to participate in two restructurings that followed Argentina’s 2002 default on $100 billion in bonds.

The long impasse in the U.S. courts has kept the country from accessing international capital markets as its economy stagnates, inflation soars and central bank reserves fall. Continue reading