Outside View: Europe’s sterile debate: Austerity vs. stimulus

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Outside View

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Outside View: Europe's sterile debate: Austerity vs. stimulus PETER MORICI || UPI Outside View Commentator COLLEGE PARK, Md., May 22 (UPI) -- The European summit this week will feature a standoff between German Chancellor Angela Merkel advocating austerity and French President Francois Hollande promoting stimulus to boost growth. [ FULL STORY ]

Outside View: The mother of all (fiscal) tsunamis HARLAN ULLMAN || UPI Outside View Commentator WASHINGTON, May 23 (UPI) -- A lack of leadership in the United States the equivalent of a giant tsunami about to envelop and swamp or sink the nation. But who is listening? And who cares? [ FULL STORY ]

Outside View: What 'Three Little Pigs' tells us about America's future JAMES ZUMWALT || UPI Outside View Commentator HERNDON, Va., May 22 (UPI) -- The author argues that the United States is on a path of decline due to its reliance on entitlement programs and the refusal to change that dependence. [ FULL STORY ]

Special Reports

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Iran signals suggest nuke deal in Baghdad BAGHDAD, May 22 (UPI) -- The signals coming out of Tehran in recent days suggest a breakthrough is possible in talks in Baghdad Wednesday between the five permanent members of the U.N. Security Council plus Germany and Iran over its contentious nuclear program. [ FULL STORY ]

ECOWAS weighs next step for Mali BAMAKO, Mali, May 22 (UPI) -- Members of an African economic alliance said sanctions against Mali are a real possibility following an assault on the country's interim president. [ FULL STORY ]

Beirut urged to maintain security MOSCOW, May 22 (UPI) -- Lebanese authorities are called on to show restraint as political violence from neighboring Syria spills over their borders, the Kremlin said. [ FULL STORY ]

Ahmadinejad: WMDs are forbidden TEHRAN, May 23 (UPI) -- The elimination of weapons of mass destruction from international arsenals is a "sacred goal" of the Iranian government, the president said. [ FULL STORY ]

Guinea-Bissau in civilian hands BISSAU, Guinea-Bissau, May 23 (UPI) -- Military forces that toppled the government in Guinea-Bissau in April said power was handed over to civilian authorities. [ FULL STORY ]

Energy Resources

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Australia scraps coal port expansion PERTH, Australia, May 22 (UPI) -- Australia has scrapped the planned $8.8 billion expansion of the Abbot Point coal terminal in Queensland. [ FULL STORY ]

Report: Keystone XL = high gasoline prices WASHINGTON, May 23 (UPI) -- The planned Keystone XL oil pipeline would move oil away from refineries that produce gasoline, increasing prices, the National Resource Defense Council says. [ FULL STORY ]

Afghan conflict clouds TAPI prospects NEW DELHI, May 22 (UPI) -- Afghan security concerns haunt a planned natural gas pipeline from Turkmenistan despite growing international support, a security analyst said. [ FULL STORY ]

Bogota sets eye on 1 million bpd mark NEW YORK, May 23 (UPI) -- The Colombian government aims to make its oil production levels, close to 1 million barrels per day, a sustainable objective, the energy minister said. [ FULL STORY ]

Abuja to revitalize energy sector ABUJA, Nigeria, May 23 (UPI) -- The Nigerian government has "aggressive" investment programs in place to provide a major boost to the oil and natural gas sector, a minister said. [ FULL STORY ]

Special Reports

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Ahmadinejad: WMDs are forbidden TEHRAN, May 23 (UPI) -- The elimination of weapons of mass destruction from international arsenals is a "sacred goal" of the Iranian government, the president said. [ FULL STORY ]

Libyan intel chief facing jail time NOUAKCHOTT, Mauritania, May 22 (UPI) -- Authorities in Mauritania said the former Libyan intelligence chief faces a three-year prison term for entering the country illegally. [ FULL STORY ]

OIC calls for return to order in Mali JEDDAH, Saudi Arabia, May 23 (UPI) -- All Malians are called on to work together to ensure constitutional order is returned, the head of the Organization of Islamic Cooperation said. [ FULL STORY ]

Iran signals suggest nuke deal in Baghdad BAGHDAD, May 22 (UPI) -- The signals coming out of Tehran in recent days suggest a breakthrough is possible in talks in Baghdad Wednesday between the five permanent members of the U.N. Security Council plus Germany and Iran over its contentious nuclear program. [ FULL STORY ]

S. Sudan accuses Sudan of bombing JUBA, South Sudan, May 23 (UPI) -- Sudanese forces bombed civilian areas in a northern state in South Sudan following high-level meetings with African leaders in Juba, an official said. [ FULL STORY ]

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