Monday, 16 May 2011

Pakistan May Cut Nato's Afghan Supply Line after Osama bin Laden Killing

'The security of Nato's main supply line into Afghanistan came under threat on Saturday as Pakistani parliamentarians voted to review all aspects of their relationship with the US amid worsening political fallout from the raid that killed Osama bin Laden.

The unanimous motion was passed in the early hours of Saturday morning at the conclusion of an extraordinary 10-hour parliamentary session when the military's top brass offered apologies and admissions of failure, and the country's spy chief offered to resign.'

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US Government Will Soon Seize Your Retirement Account

'When it comes to your retirement account, you probably keep an eye on Wall Street and the financial markets because when they lose value, your account loses value. Little did you know you are going to have to keep an eye on Uncle Sam as well, because he's eyeing your retirement too, and he could soon take what he will claim is his fair share of it.

If you think that sounds absurd, think again. In fact, it's a concept that is already being used by some governments, the most recent of which is Ireland.

In a bid to finance a "jobs" program, the Irish government, which is heavily in debt, is set to impose a new levy - read "tax" - on private retirement accounts. The accounts of government workers will be exempt.'

Read more: US Government Will Soon Seize Your Retirement Account