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Obama to receive Israel’s presidential medal of honor

“Barack Obama will become the first serving US president to receive Israel’s presidential medal, from his Israeli counterpart Shimon Peres on a visit to the Jewish state next month, Peres’s office said on Monday. ‘President Obama has made a unique and meaningful contribution to strengthening the state of Israel and the security of its people,’ it said in a statement. ‘Barack Obama is a true friend of the state of Israel and has been since the beginning of his public life. As president of the United States he has stood beside Israel in times of crisis,’ it added.” Continue reading →

Iraq demands U.S. energy giant ExxonMobil end deal with Kurdistan

“Nuri al-Maliki also appeared to once again rule out production-sharing deals that Exxon has signed with Kurdistan, arguing that Iraq’s substantial oil reserves ‘belong to all Iraqis,’ an oft-cited phrase in Iraq’s constitution that central government officials see as justifying per-barrel service fees. The meeting was the first between Maliki and Exxon chief Rex Tillerson since the firm signed an agreement in October 2011 for oil exploration with Kurdistan, angering the central government in Baghdad, which regards deals signed without the expressed approval of the federal oil ministry as illegal.” Continue reading →

Iraq finds extra billion barrels of oil

“Iraq said on Sunday it has discovered deposits of crude equivalent to one billion barrels of oil after the first exploration work by state-owned firms in almost 30 years. The deposits were found after exploration in Maysan province, in southern Iraq near the border with Iran, and could potentially make a significant addition to Baghdad’s already substantial reserves. Iraq, which is highly dependent on oil sales for government revenue, has sought in recent years to dramatically ramp up production and exploration in order to help rebuild its conflict-battered economy and infrastructure.” Continue reading →

Britain pushing to provide weapons to Syrian rebels

“Britain, apparently backed by a handful of European Union allies, is fighting to lift an EU arms embargo barring the supply of weapons to the Syrian rebel coalition battling President Bashar al-Assad. Britain and France had seen the March 1 deadline as an opportunity to respond to requests for weaponry by the opposition. But France appears to have cooled, leaving Britain facing opposition from Germany, Sweden and even the EU’s foreign affairs chief Catherine Ashton, a British baroness who represents London on the European Commission.” Continue reading →

Ecuadorean Tribal Leaders Fight Government, Gold-Hungry Chinese

“The most famous case of Shuar ‘insolence’ occurred in 1599, when the Spanish governor of Maca demanded a gold tax from local Indians to fund a celebration of the coronation of Philip III. The night before the tax was due, Shuar armies slaughtered every adult male in the Spanish hamlets and surrounded the governor’s home. They tied the governor to his bed and used a bone to push freshly melted gold down his throat, laughing and demanding to know if he had finally sated his thirst. For the next 250 years, the Spanish mostly stayed away. Occasional attempts by Jesuit missionaries to reestablish contact were met with a welcome basket of skulls.” Continue reading →

Ecuadorean Tribal Leaders Fight Government, Gold-Hungry Chinese

Anonymous gift of $250,000 in gold arrives in wrecked Japanese seaport ahead of tsunami anniversary

“A Japanese city devastated by the 2011 tsunami has received anonymous gifts of gold worth more than $250,000 in a phenomenon dubbed a ‘goodwill gold rush’ ahead of the second anniversary of the disaster. The president of the company which operates the port in the northeastern city of Ishinomaki last week received a parcel containing two slabs of gold each weighing one kilogram (2.2 pounds). The parcel had been sent anonymously from Nagano city northwest of Tokyo with no message. A non-profit group in Ishinomaki that has been supporting its revival had also received two kilograms of gold bullion and at least one more group got more than one kilogram.” Continue reading →