Rumors surfaced last week that Chinese oil giant PetroChina (NYSE: PTR) was showing interest in purchasing McDermott International (NYSE: MDR) a corporation which owns the Babcock & Wilcox Company, the sole supplier of nuclear …

In the wake of the launch of a North Korean rocket over the weekend, and budget realignments at the Pentagon that have the United States walking away from many of its anti-ballistic missile programs, …

As a part of its standard script of saber-rattling, the North Korean government issued a statement Wednesday in a radio broadcast that it will “relentlessly shoot down” any US reconnaissance aircraft conducting surveillance of the preparations being made for the launch of a long-range missile sometime next week.

The President has targeted the British nation with another gift-giving faux pas, this time in his presentation to Queen Elizabeth II of England. We do not know if the President beamed with pride when he handed over a video iPod to the Queen, but we do know that damage control began almost before the meeting ended.

Adding to the alarming number of destabilizing factors around the globe, China may have begun the superpower arming process analysts have suggested for years would be inevitable.

Adding to existing tension concerning the planned launch of a long-range missile sometime in early April, North Korean announces a second launch in the same month.