Archive for the ‘buildup’ Category

U.S. sees Russia, China, OPEC financial threat

February 5, 2008
By Randall Mikkelsen

WASHINGTON (Reuters) – The United States should be worried that Russia, China and OPEC oil-producing countries could use their growing financial clout to advance political goals, the top U.S. spy chief told Congress on Tuesday.

Director of National Intelligence Michael McConnell testifies ... 
Director of National Intelligence Michael McConnell testifies before the Senate (Select) Intelligence Committee on Capitol Hill in Washington February 1, 2007. Concerns about a weaker U.S. dollar could tempt more oil-producing countries to delink their currency pegs from the dollar or ask to be paid in other currencies, McConnell said on Tuesday.
(Jim Young/Reuters)

U.S. National Director of Intelligence Michael McConnell voiced the concern to Congress in an annual assessment of potential threats, in which economic matters joined terrorism, nuclear proliferation and computer-network vulnerabilities as top security issues.McConnell told the Senate Intelligence Committee in prepared testimony that the global threat of terrorism remained, but that al Qaeda had suffered setbacks and its international reputation was diminishing.

Among other top worries, Iran….Read the rest:


U.S. lawmaker eyes China’s military buildup

February 5, 2008

By Richard Cowan
February 5, 2008

WASHINGTON (Reuters) – Ask Rep. John Murtha about the U.S. war in Iraq and the conversation eventually veers to China.

A Chinese soldier tries to prevent being photographed before ... 

Five years into a war the 75-year-old ex-Marine actively opposes, Murtha worries Iraq is sapping the U.S. military at the exact time the United States should be adding muscle to answer Beijing’s growing military and economic clout.

“We’ve got to be able to have a military that can deploy to stop China or Russia or any other country that challenges us,” Murtha told Reuters in an interview. “We want to look ahead of just Iraq … to be prepared to prevent a war.”

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John Murtha
Congressman Murtha