The United States and China could be considered the two super powers, but one is dealing with the financial crisis and seeks to keep its dominant position in global politics, and the other pursues economic growth and expands its military power. This impression occurred during the summer discussions in the U.S. House of Representatives and the Senate, when budget deficit problems were solved by raising the U.S. debt ceiling by several trillions dollars, and when the ratings agency Standard & Poor‘s downgraded the U.S. credit rating to AA+ from its top rank AAA. China criticized the economic policy pursued by the White House. READ MORE

Lately in Europe a mutual terroristic threat has been growing from the side of Western and Muslim cultures. READ MORE