Bankia, one of the largest banks in Spain, has been found to have a negative net worth sending stocks tumbling almost 20%.
Spanish officials say the bank has been assessed with a negative $4.2 billion euro balance ($5.6 billion U.S.) and their parent company BFA with a negative $10.4 billion euro deficit. Continue reading
Nicaraguan authorities are using army forces to evacuate people from the base of the San Cristobal volcano after it began to erupt Tuesday night.
The authorities declared an “amber alert” for a 2 square mile area around the volcano warning of the risk of major eruption. Airlines were also told to avoid flying over the western part of the country due to ash plumes. Continue reading
An Islamic terrorist organization has been arrested in the United Arab Emirates allegedly planning attacks on government installations. Continue reading
Over the last decade, the number of two parent households has decreased significantly to the point that nearly 1 in 3 children live without a father and over 5 million live without a mother.
In comparison, in 1960 just 11 percent of American children lived in homes without fathers. Continue reading
The U.S. Army will be sending small groups of soldiers into as many as 35 African nations starting early next year. The mission of the troops will be to train and equip African troops to fight Islamic extremists on the continent.
However, the troops will also prepare for full-scale U.S. intervention in the region should a situation arise that requires increased military presence. Continue reading
A volcano on the border between Chile and Argentina is on the verge of a major eruption according to Chile’s Geological and Mining Service. They have issued a red alert, the highest level warning in their volcano warning system.
The volcano is in a remote location of the country and there is very little residential population surrounding it. Most of the residents who could be impacted by a full eruption live in Argentina. Continue reading
Boko Haram, the Nigerian branch of Al-Qaeda, has escalated their attacks by abducting a French engineer in their first kidnapping of a foreign national according to French President Francois Hollande.
Boko Haram has been terrorizing northern Nigeria in an attempt to force extreme Sharia Law on the nation. The group has connections to Al-Qaeda terror cells in neighboring Niger and Mali which routinely have abducted foreign nationals. Continue reading
Syrian government forces are continuing to use ballistic missiles against rebel forces and civilian neighborhoods suspected of housing rebels.
NATO Secretary General Anders Fogh Rasmussen called the latest round of attacks the “act of a desperate regime nearing collapse.” Continue reading
A cold spell covering the Ukraine has killed 83 people already this year putting the death toll in reach of surpassing all of last year’s deaths. One hundred people died during last winter in total.
Temperatures as low as -10F and heavy snowfall have left Kiev and other areas under frozen blankets of snow and ice. Meteorologists are reporting that the temperatures could fall even lower and raise the death toll. Continue reading
Japanese scientists have released a report saying fault lines under a nuclear plant in northern Japan are likely active.
The panel said that faults could cause earthquakes of magnitude 7. A quake of that level right beneath the plant could cause a catastrophic meltdown. Continue reading