Outside View: No default, no shutdown inevitable if debt ceiling talks fail

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Outside View: No default, no shutdown inevitable if debt ceiling talks fail PETER MORICI || UPI Outside View Commentator COLLEGE PARK, Md., July 1 (UPI) -- The United States doesn't have to default on its debt and the Social Security and Medicare checks can go out even if Republicans and U.S. President Barack Obama cannot strike a deal to raise the debt ceiling by Aug. 2. [ FULL STORY ]

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Yemen's Saleh wants early elections SANAA, Yemen, July 1 (UPI) -- Embattled Yemeni President Ali Abdullah Saleh is ready to hold early elections in an effort to return stability to the country, the vice president said. [ FULL STORY ]

NATO preparing for Libyan invasion? MOSCOW, July 1 (UPI) -- Dmitry Rogozin, Russia's envoy to NATO, said Friday he believes the alliance is preparing for a ground invasion of Libya. [ FULL STORY ]

Protests erupt throughout Egypt CAIRO, July 1 (UPI) -- Protesters turned out across Egypt calling for the resignation of the interior minister and faster trials for former regime officials, witnesses said Friday. [ FULL STORY ]

'Mixed' situation in Syria, U.S. says WASHINGTON, July 1 (UPI) -- Though it is apparent Damascus is relaxing its stance on the opposition, the regime must immediately put an end to the violence, Washington said. [ FULL STORY ]

Somali jihadists battered by airstrikes MOGADISHU, Somalia, June 30 (UPI) -- Somalia's al-Shabaab Islamist group is reported to be transferring foreign fighters to Yemen, across the Gulf of Aden, possibly to reinforce al-Qaida militants there who have seized southern cities as the country teeters on the brink of civil war. [ FULL STORY ]

Energy Resources

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Iraqi oil assets subject to seizure? BAGHDAD, June 30 (UPI) -- Oil revenue generated in Iraq is subject to potential seizure because a protective measure against damages from the Gulf War expired, a lawyer said. [ FULL STORY ]

Malaysia to be next rare earth processor? KUALA LUMPUR, Malaysia, June 30 (UPI) -- Australian mining giant Lynas Corp. Ltd. said it will comply with recommendations of the International Atomic Energy Agency for the approval of the company's Malaysian rare earth processing plant. [ FULL STORY ]

BG Group doubles oil estimates in Brazil READING, England, June 30 (UPI) -- Reserve estimates in the Santos Basin off the coast of Brazil have an upside potential of 8 billion barrels of oil equivalent, an energy company in London said. [ FULL STORY ]

Naftogaz-Gazprom merger way to cheap gas MOSCOW, July 1 (UPI) -- Gazprom would consider revising the gas price formula for Ukraine only after state utility company Naftogaz agrees to a merger, Gazprom's chief executive said. [ FULL STORY ]

Wales wood pellet biomass effort advances LLANGEFNI, Wales, July 1 (UPI) -- Plans to build what's being called Europe's biggest wood pelleting plant are on the move again in Wales after a long planning process, a company official says. [ FULL STORY ]

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Protests erupt throughout Egypt CAIRO, July 1 (UPI) -- Protesters turned out across Egypt calling for the resignation of the interior minister and faster trials for former regime officials, witnesses said Friday. [ FULL STORY ]

Washington cautious about STL indictments WASHINGTON, July 1 (UPI) -- Washington is looking to Beirut to act on indictments from a tribunal probing the assassination of Rafik Hariri, a spokesman said. [ FULL STORY ]

Pillay irked by China's action over Sudan GENEVA, Switzerland, July 1 (UPI) -- It's "disappointing" that Beijing didn't act to ensure the Sudanese president stands trial for crimes against humanity, a U.N. official said from Geneva. [ FULL STORY ]

U.N. calls for peaceful vote in Thailand UNITED NATIONS, June 30 (UPI) -- Weekend national elections in Thailand must be free, fair and peaceful, a spokesman for the U.N. secretary-general said. [ FULL STORY ]

U.N. chided for North Korean presidency WASHINGTON, June 30 (UPI) -- North Korea presiding over a U.N. conference on disarmament suggests the United Nations is out of step with expectations, a U.S. lawmaker said. [ FULL STORY ]

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