With the coming of few weeks economic news which mainly points at high rate of  unemployment among other factors, many economists are now fearing the return of recession. A number of top economists think that they are moving back towards the recession.

Today, another renowned name Nouriel Roubini the cofounder and chairman of Roubini Global Economics and a professor at New York University’s Stern School of Business, put forward his thoughts about recession on twitter. “Risk of a double dip recession in advanced economies (US, Japan, Eurozone) has now risen to 40%.”

It has been seen that Roubini is not the only one have such thoughts. Last week, David Rosenberg, the Gluskin Sheff economist (formerly of Merrill Lynch), whose words are considered to be quite authentic said that now in U.S, the chances of double dip recession is more than 50-50. keep reading…

On 6th of August, 1945, history was written, as the U.S B-29 Bomber Enola Gay transformed Hiroshima (Japan) into hell dropping a deadly Nuclear weapon. Since then, on 6th of August of every year a memorial ceremony is held at Hiroshima in the memory of all those tens of thousands of people who passed away as a result of U.S nuclear attack. This year the ceremony was attended by some new guests, namely, U.S and it’s World War II allies France and Britain. keep reading…

The United States according to the schedule will end its combat mission in Iraq on 31st August. Despite of the increased violence in Iraq, U.S will not expand its combat mission in Iraq, says President Barack Obama in his speech on Monday.

“Shortly after taking office, I announced our new strategy for Iraq and for a transition to full Iraqi responsibility,” Obama will tell a national convention of Disabled American Veterans in Atlanta, Georgia, according to excerpts of his speech released by the White House.

keep reading…

Note: The Article Is Published By Pak Alert Press

http://pakalert.wordpress.com/2010/06/17/world-war-3-mountains-of-israel-to-be-major-battle-site-israeli-ezekiel-view/

“ If the Third World War is fought with nuclear weapons, the fourth will be fought with bows and arrows. ”
—Lord Louis Mountbatten
“ I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones. ”
—Albert Einstein

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