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The Wire

Latvian experts say meteorite crater was hoax

Scientists investigating a large crater initially believed to have been caused by a meteorite said a closer analysis Monday revealed it was a hoax.

Latvia bans a top soccer club for gambling

One of Latvia's top soccer teams has been banned for the rest of the season because of gambling.

Latvia to abandon Soviet-era bomb shelters

One of the old bomb shelters is now a fish cannery. Another has just been turned into a high-tech data storage center. Yet another is a museum.

Briton bites off Latvian's ear in bar brawl

Latvian police say a Briton who bit off a bouncer's ear in a bar fight could face criminal charges.

US beats Latvia 4-2 at hockey worlds

Jack Johnson scored two goals and the U.S. rallied twice for a 4-2 victory over Latvia in their opening World Championship match on Saturday.

Latvia gets new government as crisis deepens

Latvia's parliament approved a new center-right government with Europe's youngest premier on Thursday as the economic crisis in this Baltic state deepened.

Latvia's government resigns amid economic crisis

Latvia's center-right coalition government resigned Friday after weeks of instability brought on by the country's economic collapse.

International dreams now reality in NBA

It is the year 2009, but not that long ago, it was 1992. At least it doesn’t seem that long ago in basketball years.

EU approves euro3.1 billion loan for Latvia

European Union nations on Tuesday approved a euro3.1 billion ($4.09 billion) loan to Latvia to help it survive the financial crisis.

Latvia likely to see early elections

Latvia's senior ruling coalition party is calling for early parliamentary election following violent protests this week.

Latvia's president blasts politicians after riot

Latvia's president lashed out at lawmakers and threatened to dissolve Parliament after more than 40 people were injured in the worst rioting since the Baltic country split from the Soviet Union in 1991.

Latvia's consumer prices fall as deflation looms

Consumer prices in Latvia dropped for a second consecutive month in December, official figures showed Monday, sparking concerns about deflation, which experts warn would exacerbate the ailing economy's woes.

EU proposes euro3.1 billion loan for Latvia

The European Commission proposed a euro3.1 billion (US$4.2 billion) loan Thursday to help Latvia out of its financial crisis.

Nordic countries pledge credit to support Latvia

Denmark, Finland, Norway and Sweden will give credits to Latvia of up to euro1.8 billion ($2.5 billion), the finance ministers of the four countries said in a joint statement Tuesday.

EU approves Latvian bank aid

The European Union on Tuesday approved a Latvian plan to stabilize the country's banking markets in the wake of the global financial meltdown.

IMF, lenders give Latvia $10.5 bln loan

A group of international lenders on Friday pledged $10.5 billion (euro7.5 billion) to the Baltic state of Latvia, the latest country to receive financial aid since the start of the global economic downturn.

AirBaltic managers keen to buy SAS stake

Managers of Latvia's state-controlled airBaltic are prepared to buy Scandinavian Airlines' minority stake in the airline, the Baltic News Service reported Thursday.

Denmark, Sweden grant euro500 million loans to Latvia

The central banks of Sweden and Denmark said Tuesday they have opened credit facilities worth euro500 million ($690 million) for Latvia to help the crisis-plagued country stabilize its economy amid the global financial turmoil.

Latvia tightens budget to get IMF aid

Latvian lawmakers on Friday approved an overhaul of next year's budget to qualify for a multibillion-dollar bailout package from the International Monetary Fund and other lenders.

Emergency fund for Latvia due before Christmas

An international emergency fund for Latvia should be ready before Christmas, Sweden's Finance Minister Anders Borg said Wednesday.

Latvian economy shrinks 4.6 pct in 3Q

Latvia's economy, the worst performer in the 27-member EU, shrank 4.6 percent in the third quarter from a year ago as the construction, retail and manufacturing sectors contracted sharply, the statistics office announced Tuesday.

Latvian inflation falls to 11.8 pct

Latvia's annual inflation rate sank to 11.8 percent in November, while consumer prices fell slightly from a month earlier, the country's statistics office announced Monday.

EU clears Latvian bank bailout

European Union regulators Tuesday approved a Latvian government rescue plan for JSC Parex Bank, the latest emergency bank bailout to receive EU clearance.

Latvia seeks bailout funds from EU, IMF

Latvia's government announced Thursday that it would seek help from the European Union and the International Monetary Fund to stabilize its deteriorating economy and banking system hit by the world financial crisis.

Latvian inflation falls as economy suffers

Latvia's inflation in October decreased to an annual rate of 13.8 percent, the fifth straight month the indicator has fallen as economic growth is hurt by the global financial crisis, the statistics office announced Monday.

The Vine
Latvian's 'Iron Lady' slams Eropean Union's male elite
Source: The Times

The leading female contender to be chosen as Europe's first president yesterday challenged her male rivals to an open contest, and criticised the secretive carve-up of the EU's top job.

Latvian experts say meteorite crater was hoax
Source: Yahoo! News

Scientists investigating a large crater initially believed to have been caused by a meteorite said a closer analysis Monday revealed it was a hoax.

Video: 'Meteorite' that Landed in Latvia is a Hoax, Experts Say
Source: The Times

Experts state a reported "meteorite crash in Latvia" is a hoax.

Meteorite-like object falls in Latvia
Source: CNN

A meteorite-like object has created a crater after landing near a farm in northern Latvia, the nation's official news agency reported.

Cyberattacks Hit U.S. and South Korean Web Sites
Source: The New York Times

Cyberattacks that have crippled the Web sites of several major American and South Korean government agencies since the July 4th holiday weekend appear to have been launched by a hostile group or government, South Korea's main government spy agency said on Wednesday.

Latvian firm accepts souls as guarantee for credits
Source: Mos News

A financial company in Latvia is offering residents loans secured by nothing but their immortal soul.

Europe Voters Get The Right Perspective
Source: therightperspective.org

Voters to a decided turn toward Right-wing and conservative political parties in yesterday's European parliamentary elections, with agendas ranging from immigration reform to ending the European Union.

Latvia puts damage from Soviet occupation at $200 bln
Source: RIA Novosti

RIGA, April 28 (RIA Novosti) - Latvia has calculated the total damage from its Soviet past at $200 billion, the Delfi online edition said on Tuesday citing a government commission.

Somali Pirates Hijack 4 More Ships
Source: ABC News

Somali pirates continued to thumb their noses at the world -- hijacking four more ships, even as America's top military commander told ABC News the United States is reviewing its options, including whether to go into pirate villages. More Articles

Cyberspies Penetrate Electrical Grid: Report
Source: ABC News

Cyberspies have penetrated the U.S. electrical grid and left behind software programs that could be used to disrupt the system, the Wall Street Journal reported on Wednesday. More Articles

Somali Pirates Said to Seize Ship With 21 U.S. Crewmen
Source: The New York Times

Somali pirates on Wednesday hijacked a U.S.-flagged cargo ship with 21 crew members aboard, a diplomat and a U.S. Navy spokesman said. More Articles

Researchers Uncover International Cyber-Spy Network
Source: Wall Street Journal

Security researchers said they have discovered software capable of stealing information installed on computers in 103 countries, an apparently coordinated cyber-attack that targeted the office of the Dalai Lama and government agencies around the world. More Articles

Baltic Protests and Financial Meltdowns: Part II
Source: The Globalist

"The question is in which other post-communist countries may social unrest erupt. After a decade of very high economic growth, they all encounter their first serious recession.

Baltic Protests and Financial Meltdowns: Part I
Source: The Globalist

"the three Baltic economies are in a deep economic crisis. Estonia and Latvia experienced a decline in their GDP of about 2.5% last year. And this year, the Baltic economies are expected to contract by at least 5%.

All of Them Must Go
Source: The Nation

People around the globe are increasingly fed up with "politics as usual," and they're making their displeasure known. Governments that are still playing by the old rule books, are unceremoniously being shown the door.

Foreign Policy: The List: The Next Iceland
Source: foreignpolicy.com

FP looks at five countries on the verge of following Iceland to economic ruin and political meltdown

Eastern Europe braced for a violent 'spring of discontent'
Source: Guardian Unlimited

Riots and street battles are set to spread through Bulgaria, Romania and the Baltic states as inflation, unemployment and racism fuel tension, reports Jason Burke

Latvia Shaken by Riots Over Economy
Source: The New York Times

Violent protests over political grievances and mounting economic woes shook the Latvian capital, Riga, late Tuesday, leaving around 25 people injured and leading to 106 arrests by the police.

Anti-government rioting hits Riga
Source: BBC News

Hundreds of demonstrators have clashed with riot police in Latvia's capital, Riga, after an anti-government protest. Police used mace and truncheons to disperse rioters who smashed shop windows and overturned a police van after failing to storm parliament.

MSF's Top Ten Humanitarian Crises of 2008
Source: doctorswithoutborders.org

The report underscores major difficulties in bringing assistance to people affected by conflict.

Latvian spooks spirit away gloomy economist
Source: The Times

[Excerpt:] - LATVIA has gone to unusual lengths to help to protect itself from instability in the global financial meltdown. Its counterespionage agency arrested a university professor for being too gloomy about the country's economic prospects.

No Evidence al-Qaida Linked to Somali Pirates
Source: International Herald Tribune

The head of U.S. military operations in Africa...U.S. Army Gen. William "Kip" Ward said the chaos on the high seas is a reflection of the country's political chaos. Ward, said: "I think that's a concern that we all would have."

Pirates Capture 39th Ship This Year
Source: BBC News

Peter Swift, head of the International Association of Independent Tanker Owners (Intertanko) suggested that warships could begin monitoring vessels leaving Somali waters, rather than attempting to patrol the entire Gulf of Aden and a significant part of the Indian Ocean.

Iraq: Early US Pullout Will Open Way To Piracy
Source: International Herald Tribune

Iraq's defense minister is warning that a premature U.S. pullout would expose Iraq to the danger of piracy in the Persian Gulf. More Articles

Ex-Somali Army Colonel : 'World Only Cares About Pirates'
Source: BBC News

Ex-Somali Army Colonel Mohamed Nureh Abdulle lives in Harardhere - the town closest to where the hijacked Saudi oil tanker, Sirius Star is moored.

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