President Barry Obama had earlier mocked the Islamic State of Iraq and Syria (ISIS) as nothing more than "JV" terrorists. Yet now, he disclosed in an exclusive TV interview on CBS "60 Minutes," that he had apparently underestimated ISIS.
The BBC News reports that, "President Barack Obama has acknowledged that US agencies underestimated the threat posed by the Islamist insurgency in Syria. In a frank TV interview, he said that al-Qaeda had been beaten in Iraq by US forces working with Sunni tribes."
Russian oil giant Rosneft untapped major oil and natural gas resources in the Arctic Circle with the help of U.S.-based Exxon Mobil.
According to the BBC News, "Russian energy giant Rosneft says it has discovered oil with its US project partner Exxon Mobil at a controversial well in the Arctic. Drilling was completed in record time, it said, but questions remain about how quickly the well can be developed."
Former Conservative President Nicolas Sarkozy of France appears poised to regain his powers after Conservatives swept into power in the Senate.
The Daily Telegraph of London reports that, "Three years after France's upper house Senate made its first ever swing to the left, the right has clawed back a majority, with the far-right National Front winning seats for the first time."
President Robert Mugabe of Zimbabwe is refusing to pay back loans. Accordingly, the International Monetary Fund (IMF) has vowed to stop sending more loans to the country until prior debts get paid. Zimbabwe is unlikely to repay those debts.
According to the BBC News, "The International Monetary Fund has said it will not lend more money to Zimbabwe, because the country is in arrears on repaying previous loans."
Sen Mark Udall (D.-Co.) understands the true joys of being one of the premier Washington D.C. elitists. He even celebrated 'National Lobby Day' by hosting a fundraiser with his major donors.
The Washington Free Beacon reports that, "Democratic incumbent Sen. Mark Udall (Colo.) held a meeting in his Washington office on Wednesday with his second biggest donor, the League of Conservation Voters (LCV), an environmentalist group that strongly opposes the Keystone XL pipeline and fracking efforts in his home state."
Alternative energy resources have proven to be unreliable and costly, forcing Massachusetts residents to pay over 37 percent on utility bills.
The Boston Globe reports that, "Massachusetts consumers will pay significantly higher electric bills this winter as a persistent shortage of natural gas for generating plants drives power prices to record levels. The cost for a typical household could top $150 a month, based on an announcement this week from one of the state’s two dominant utilities, National Grid. It said its rates will increase by a whopping 37 percent over last winter’s, solely because the cost of buying electricity from power plants has soared to the highest level in decades, according to a company spokesman."