Lignet News

EU Peace Prize: Another Nobel Embarrassment
The selection of the European Union as the recipient of the 2012 Nobel Peace Prize is questionable on a number of levels, but most of all because it ignores the NATO alliance, which has done even more to guarantee peace on the continent since World War II. The EU’s award is the latest example of the Nobel Committee's increasing politicization and growing leftist leanings, as LIGNET explains.
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Should Japan Rearm to Counter Chinese Imperialism?
Recent statements by Philippine’s foreign minister in support of a rearmed Japan highlight Southeast Asia’s unease over China’s increasingly aggressive efforts to grab disputed territory. More interestingly, the statements suggest that the Philippines is hoping to form a unified front, comprised of well-armed allies, to counter Chinese imperialism.
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Brazil: Court Decision Improves Chevron’s Prospects
Chevron’s [NYSE: CVX] decision to offer $149 million to settle two lawsuits stemming from a relatively minor offshore oil spill in November 2011 appears likely to improve what had been an uncertain situation for the company in Brazil. The settlement is a good faith offer by Chevron to mend relations with government officials days after a Brazilian appeals court ruled to overturn a ban on the company’s operations that had been in effect since July.
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