K.S. Rajan (25 Jan 2012)
"report by BILL KOENIG"


During Security Council session, Western states call on Israel to halt Jewish construction in territories, quell violence against Palestinians. Israeli ambassador: Insistence on 'right of return' main obstacle to peace
Europe's debt crisis could tip the world economy into recession
Europe's debt crisis could tip the world economy into recession and a bigger firewall is urgently needed to keep the damage from spreading, the International Monetary Fund said on Tuesday.
The IMF chopped its estimate for 2012 global growth to 3.3 percent from 4 percent just three months ago and warned it could drop as low as 1.3 percent if Europe lets the crisis fester for much longer. For 2013, it predicted growth of 3.9 percent.
"The epicenter of the danger is Europe but the rest of the world is increasingly affected," IMF chief economist Olivier Blanchard said at a news conference. "There is an even greater danger, namely that the European crisis intensifies, and in this case the world could be plunged into another recession."
The USS Abraham Lincoln led the group through the Strait of Hormuz
Archive Photo / U.S. Navy
Britain, America and France delivered a pointed signal to Iran, sending six warships led by a 100,000 ton aircraft carrier through the highly sensitive waters of the Strait of Hormuz. This deployment defied explicit Iranian threats to close the waterway.
Ashton and Netanyahu in 2011
Photo / Israeli GPO, Getty
EU foreign policy chief Catherine Ashton is set to arrive in Israel on Tuesday for talks, just a day after the EU decided to ratchet up sanctions against Iran, and a day before Israeli and Palestinian officials are expected to meet for a fifth time in Amman.
The Amman talks are expected to go a long way toward determining whether this particular channel of direct negotiations will continue. The Palestinians have said that Jan. 26 is the deadline by which Israel – according to the Quartet framework – must present its comprehensive proposals on border and security issues