Friday, September 30, 2011

 

US THREAT OF MILITARY ACTION UNITES PAKISTAN

DOUG AND LAURIE FRI'S 6-9 PM EST ABOUT THE ISSUES OF THE DAY
http://www.usaradio.com/listen_live_usa2.php
LAURIE ROTH SHOW ARCHIVES 2011-DOUG-LAURIE ON MOST FRIDAYS FOR 3 HRS
http://therothshow.com/show-archives/january-2011/
http://therothshow.com/show-archives/february-2011/
http://therothshow.com/show-archives/march-2011/
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http://therothshow.com/show-archives/may-2011/
http://therothshow.com/show-archives/june-2011/
http://therothshow.com/show-archives/july-2011/
http://therothshow.com/show-archives/august-2011/
http://therothshow.com/show-archives/september-2011/
http://therothshow.com/show-archives/october-2011/
http://therothshow.com/show-archives/november-2011/
http://therothshow.com/show-archives/december-2011/
HAGMANN & HAGMANN-JUDI MCLEOD REPORT SAT'S 8-10PM ON BLOGTALK RADIO
http://www.blogtalkradio.com/cfp-radio

LAURIE ROTHS SITE
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DOUG HAGMANNS SITES
http://homelandsecurityus.com/
https://hagmann-pi.com/Home.html
http://theneinblog.blogspot.com/
CANADA FREE PRESS-JUDI MCLEOD
http://www.canadafreepress.com/
I-Q'S SITE
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OLIVE TREE MINISTRIES SHOWS
http://olivetreeradio.com/OTM2011_09_17A.mp3
http://olivetreeradio.com/OTM2011_09_17B.mp3
http://olivetreeradio.com/OTM2011_09_10A.mp3
http://olivetreeradio.com/OTM2011_09_10B.mp3
http://olivetreeradio.com/OTM2011_09_03A.mp3
http://olivetreeradio.com/OTM2011_09_03B.mp3
JACK VAN IMPES LATEST SHOWS-VIDEO)
http://wm.thegospel.com/jvi/jvi1139.wmv (SEPT 28,11)
http://wm.thegospel.com/jvi/jvi1138.wmv (SEPT 21,11)
http://wm.thegospel.com/jvi/jvi1137.wmv (SEPT 14,11)
http://wm.thegospel.com/jvi/jvi1136.wmv (SEPT 07,11)
http://wm.thegospel.com/jvi/jvi1135.wmv (AUG 31,11)
http://wm.thegospel.com/jvi/jvi1134.wmv (AUG 24,11)
http://wm.thegospel.com/jvi/jvi1133.wmv (AUG 17,11)
http://wm.thegospel.com/jvi/jvi1132.wmv (AUG 10,11)
http://wm.thegospel.com/jvi/jvi1131.wmv (AUG 03,11)
http://wm.thegospel.com/jvi/jvi1130.wmv (JULY 27,11)
http://wm.thegospel.com/jvi/jvi1129.wmv (JULY 20,11)
http://wm.thegospel.com/jvi/jvi1128.wmv (JULY 13,11)
http://wm.thegospel.com/jvi/jvi1127.wmv (JULY 06,11)
http://wm.thegospel.com/jvi/jvi1126.wmv (JUN 29,11)
http://wm.thegospel.com/jvi/jvi1125.wmv (JUN 22,11)
http://wm.thegospel.com/jvi/jvi1124.wmv (JUN 15,11)
http://wm.thegospel.com/jvi/jvi1123.wmv (JUN 08,11)

http://www.infowars.com/pentagon-developing-drones-to-spot-adversarial-intent/

DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.

JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.

REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.

EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.

REVELATION 13:16-18
16 And he(FALSE POPE) causeth all,(WORLD SOCIALISM) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(CHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM

WORLD MARKET RESULTS
http://money.cnn.com/data/world_markets/
CNBC VIDEOS
http://www.cnbc.com/id/15839263/?tabid=15839796&tabheader=false

HALF HOUR DOW RESULTS FRI SEPTEMBER 30,2011

09:30 AM -3.43
10:00 AM -112.61
10:30 AM -55.70
11:00 AM -110.16
11:30 AM -71.67
12:00 PM -50.89
12:30 PM -60.51
01:00 PM -106.07
01:30 PM -94.07
02:00 PM -84.54
02:30 PM -155.64
03:00 PM -172.43
03:30 PM -172.29
04:00 PM -240.60 10,913.38

S&P 500 1131.42 -28.98

NASDAQ 2415.40 -65.36

GOLD 1,620.50 +3.20

OIL 79.01 -3.15

TSE 300 11,623.80 -62.50

CDNX 1467.17 -15.05

S&P/TSX/60 667.08 -3.56

MORNING,NEWS,STATS

YEAR TO DATE PERFORMANCE
Dow -117 points at 4 minutes of trading today.
Dow -120 points at low today.
Dow -1 points at high today so far.
GOLD opens at $1,618.20.OIL opens at $80.54 today.

AFTERNOON,NEWS,STATS
Dow -120 points at low today so far.
Dow -1 points at high today so far.

WRAPUP,NEWS,STATS
Dow -240 points at low today.
Dow -1 points at high today.

GOLD ALLTIME HIGH $1,902.60 (NOT AT CLOSE)

Ya’alon: No Negotiations with this PA Leadership-Vice Prime Minister Moshe Ya’alon in a Rosh Hashanah interview: Facing this PA leadership there are no prospects for peace.By Elad Benari, Canada First Publish: 9/29/2011, 12:04 AM

Israel’s Vice Prime Minister and Minister of Strategic Affairs, Moshe Ya’alon, gave a special interview to Arutz Sheva on Wednesday for Rosh Hashanah. During the interview Ya’alon summed up last week’s events in the United Nations and said that Israel should not conduct negotiations with the Palestinian Authority as long as its current leadership remains the same.Arutz Sheva: One can summarize the events at the UN and say that you are quite satisfied with Netanyahu’s speech.Ya’alon: We’re satisfied not just with Netanyahu’s speech but also by the Palestinians’ failure to make their unilateral move. The Palestinians have been consistently avoiding negotiations since the dawn of Zionism. It was seen in Arafat’s response to Barak’s offer in 2000, it was seen when Abbas avoided Olmert’s offer in 2008, and now Abbas is avoiding negotiations by going to the United Nations unilaterally. We are also satisfied by the fact that all these threats and scenarios of a tsunami, international isolation and an intifada did not come true, and the move appears to be a failure.Is it indeed a failure? They are going to the Security Council and promoting it there. We’re relying on an American veto. It’s not exactly a failure.

Unfortunately in the United Nations, with us being the only Jewish state alongside 22 Arab countries and more than 50 Muslim countries, there is no place to look for justice, and yet the Palestinians have no majority in the Security Council to pass their application. There is an important American stance here which is going to veto, a stance which, by the way, was changed due to Israel’s actions, and now the U.S. is in the same position as us, that the unilateral move is unacceptable and will bring about a second Hamastan. We need to see Obama’s speech as a significant process of change since he took office.How much will we have to pay politically for this embrace? We already heard Netanyahu saying in the United States that he is willing to talk about freezing construction.We talk about entering negotiations without preconditions and say that we are ready to talk about everything, but the fundamental questions we raised were answered with a resounding no, for example of a future consent, not a condition for beginning negotiations, to recognize Israel as a Jewish nation, and we were told that it will never happen. So what can we talk about? Abbas is asking what will happen with the Arabs of 1948 and what will happen with the right of return. Barak revealed the face of Arafat, Olmert revealed the face of Abbas even though he and Livni claim that the process was stopped because of the elections, which is a lie. With our demand for recognition we exposed Abbas’ true face and we did it without it even costing us a political price.As someone who knows the PA’s internal dialogue very well, do you believe that there is one PA leader who could accept this demand and stay alive?

If that’s the situation then we would be better off not to ignore it or sweep it under the rug. It has been my contention ever since I was head of Military Intelligence in 1995, when I realized that even in Oslo they did not recognize Israel’s right to exist within borders of any kind, and that the entire move was meant to be a Trojan horse that will allow them to enter Palestine. It is good that the people of Israel know this and not fool themselves. One of the worst things that happened to us is that we adopted their narrative and we covered up the fact that never have they had a leadership that was willing to recognize Israel’s right to exist.So this demand for recognition is only to expose their faces? It’s not a real requirement for negotiations? This is a genuine and basic demand, because without it any agreement we sign would be just another stage in the conflict. People ask why we did not demand this from the Egyptians and the Jordanians and the answer is simple: because they have no claim on Sheikh Munis, Haifa, Akko and Ashkelon. In contrast, the Palestinians view Israeli Arabs as being part of them so they are not prepared to see a return to 1949 armistice lines as an end to the conflict.Do you believe that there is some sort of outline of an agreement that ensures the Palestinian state will be demilitarized and that Hamas would not take over it the next day? We’re not there yet, because of their lack of willingness to recognize us. After all, in his speech Abbas denied the connection of the Jews to their land. He spoke only of the Muslim and Christian connection to Israel. He argues that there is no Jewish nation. Does anyone think we can sign an agreement with them when their young generation is brought up according to such perceptions? It appears from what you are saying that you do not really believe there are any prospects to these negotiations.

In this situation facing this leadership there definitely are no prospects, and it’s better that all of us know this. It’s important that an Israeli majority that recognizes reality take shape, without illusions of peace now or disengagement. When we are united, the world opinion will be with us.The left and the world say that the Netanyahu government has a credibility problem. Maybe they’re right, because here you are proving how little chance such negotiations have and yet you’re still talking about the vision of two states.We say that we do not want to rule over them. They have political independence and we are ready to strengthen it in those areas for which they are responsible, but if they do not respect our right to exist, why should we start talking with them about territory? We are ready to have them conduct their lives in their area of autonomy.And given all this, when will the Likud government fulfill its nationalist platform and finally build after so many years in Judea and Samaria? Because of the sensitivity of the situation which we received, of political processes that previous governments conducted, we have been cautious. We had to accept commitments of previous governments, including a commitment not to establish new Jewish communities, but insisted on continuing construction. So there are periods of sensitivity but construction continues and the number of residents in Judea and Samaria is growing.Before the events at the UN there was talk of the possibility of annexing Judea and Samaria as a response to the PA’s move. Is it feasible? There is no doubt that the Palestinians going to the UN is a gross violation of the Oslo Accords. We held discussions about the possibilities that lie in our hands in response to this move. We are considering our options. We will hold discussions with the Prime Minister about both the Quartet’s offer as well as the Palestinian move on and make our decisions.As a member of the ministerial team on Migron, do you know what exactly happened that night of the destruction, and why?

It was clear that the three homes were built without permits. Minister Begin and I were in talks with the residents of the community about some ways to deal with the problem. Unfortunately, we were surprised with a move that was decided by the defense minister. The issue is being clarified among the ministers and the prime minister and the defense minister. I hope that lessons can be learned from that incident, too.Thank you very much.Thank you, and I wish to take this opportunity to wish you and all the people of Israel a Shana Tova, a good new year.(Arutz Sheva’s North American Desk is keeping you updated until the start of Rosh Hashanah in New York. The time posted automatically on all Arutz Sheva articles, however, is Israeli time.)

PA Statehood Bid Submitted to UN Sub-committee-The PA's unilateral statehood bid has been submitted to a 15-member Security Council sub-committee for further debate. By Elad Benari, Canada First Publish: 9/28/2011, 9:14 PM

The Palestinian Authority’s request for statehood at the United Nations moved to the next level on Wednesday, after the UN Security Council unanimously approved to transfer the request to a sub-committee for further examination.According to a report on Israel’s Channel 10 News, the sub-committee will be made up of representatives from the 15 members of the Security Council. It will review the request and submit conclusions in a few weeks’ time.The report noted that the sub-committee will first meet to discuss the bid on Friday, adding that such requests usually take a period of up to 35 days to discuss but that in this case it will likely take longer.Meanwhile, the PLO’s Observer in the United Nations, Riyad Mansour, welcomed the move and expressed hope that the process will be expedited.

We are grateful to the Security Council for promoting our request, Mansour was quoted as saying after the meeting at the UN headquarters in New York.The process is advancing step by step and we hope that the Security Council will bear the responsibilities it faces and approve our request.In contrast, Israel’s Ambassador to the UN, Ron Prosor, said that Israel is once again calling on the PA’s leadership to return to direct negotiations which will discuss all core issues.A real and lasting Palestinian state will not be achieved by the force of external factors, but only through direct negotiations, stressed Prosor.Prosor added that the Israeli government has not yet arrived at a final decision on whether to agree to the timetable for negotiations presented last week by the Middle East Quartet. Earlier on Wednesday it was reported that the Israeli Cabinet is likely to accept the timetable.In any case, Prosor stressed that the plan to build 1,100 new housing units in the Gilo neighborhood of Jerusalem should not be an obstacle to negotiations.Everything on the table, everything is negotiable, but the Palestinians use every excuse to avoid negotiations, he was quoted as saying.(Arutz Sheva’s North American Desk is keeping you updated until the start of Rosh Hashanah in New York. The time posted automatically on all Arutz Sheva articles, however, is Israeli time.)

EARTH WORSHIP

DEUTERONOMY 17:3-4
3 And hath gone and served other gods, and worshipped them, either the sun, or moon, or any of the host of heaven, which I have not commanded;
4 And it be told thee, and thou hast heard of it, and enquired diligently, and, behold, it be true, and the thing certain, that such abomination is wrought in Israel:

ISAIAH 13:9-11
9 Behold, the day of the LORD cometh, cruel both with wrath and fierce anger, to lay the land desolate: and he shall destroy the sinners thereof out of it.
10 For the stars of heaven and the constellations thereof shall not give their light: the sun shall be darkened in his going forth, and the moon shall not cause her light to shine.
11 And I will punish the world for their evil, and the wicked for their iniquity; and I will cause the arrogancy of the proud to cease, and will lay low the haughtiness of the terrible.

2 KINGS 23:5
5 And he put down the idolatrous priests, whom the kings of Judah had ordained to burn incense in the high places in the cities of Judah, and in the places round about Jerusalem; them also that burned incense unto Baal, to the sun, and to the moon, and to the planets, and to all the host of heaven.

Climate change to cost Canada billions: panel
ReutersBy David Ljunggren | Reuters – SEPT 29,11


OTTAWA (Reuters) - Climate change will cause damage in Canada equivalent to around 1 percent of GDP in 2050 as rising temperatures kill off forests, flood low-lying areas and cause more illnesses, an official panel said on Thursday.The National Round Table on the Environment and the Economy said Canada's Conservative government - criticized by green activists for not doing enough to fight global warming - should take measures to mitigate the effects of climate change, which most scientists blame on greenhouse gas emissions.The north of Canada, the world's second largest country, is warming up at a much faster pace than the rest of the Earth.
Climate change presents a growing, long-term economic burden for Canada, said the NRTEE, which the government set up in 1988 to provide advice on environmental issues.

According to the most likely scenario outlined by the panel, the damage done by global warming would be between 0.8 percent and 1 percent of GDP by 2050 and could hit almost 2.5 percent by 2075.The magnitude of costs depends upon a combination of two factors: global emissions growth and Canadian economic and population growth, the panel said.Depending on how fast the world heats up and what actions Ottawa takes, the NRTEE said the damage in 2050 could range from C$21 billion ($20 billion) to C$43 billion a year.The panel recommended several measures to help limit damage from climate change:
* enhance forest fire prevention, control pests, and plant climate-resilient tree species
* prohibit new construction in areas at risk of flooding in coastal areas
* install pollution control technologies to limit ozone formation.

Opposition legislators said the report showed the Conservatives needed to do much more to fight global warming.Our coastal communities, our forestry industry, and the health of Canadians will all suffer unless we take action right now. Yet this out-of-touch government has produced no plan to deal with the impact of climate change, said Laurin Liu of the official opposition New Democrats.Environment Minister Peter Kent responded by saying the report showed the importance of adapting to climate change.Canadians, he told legislators, wanted a strong, stable, environmentally responsible ... government to take care of the environment, and that is exactly what we are doing.The NRTEE said Canada would benefit from a global treaty that systematically reduced carbon emissions beyond 2012, when the first stage of the Kyoto Protocol expires.Canada walked away from Kyoto after the Conservatives took power in 2006 and subsequently adopted a much more modest target for emissions cuts. John Bennett of the Sierra Club mocked Kent by condemning what he said was a stubborn, deaf, environmentally irresponsible, antiquarian government.
The NRTEE largely dismissed the idea that global warming could help a northern country like Canada by reducing heating costs and making it easier to grow certain kinds of crops.(Reporting by David Ljunggren; editing by Peter Galloway)

Flood-ravaged Philippines braces for new typhoon
AFPAFP – SEPT 29,11


The death toll from a typhoon that pummelled the Philippines climbed to 43 as authorities warned another storm was set to strike and endanger nearly a million people enduring horror floods.Typhoon Nesat dumped enormous amounts of rain across the main island of Luzon on Tuesday and huge tracts of farming lands remain under water.The government said nearly a million people had been affected by the flooding, and that another typhoon was forecast to dump more rain across Luzon from Saturday.
Our problem is the floodwaters have yet to be flushed out to sea and rains dumped on nearby mountains are still on their way down to the plains, Science Undersecretary Graciano Yumul said on ABS-CBN television on Friday.Then Nalgae strikes it will suck the wet southwest monsoons into these same areas and any fresh rains are bound to worsen the flooding.The government's National Disaster Risk Reduction and Management Council said the death toll from Nesat had risen to 43, up from 39 late Thursday as disaster reports trickled in from isolated areas.Thirty other people remain missing, mostly poor fishermen who went to sea in small outriggers ahead of Nesat, it said.

EARTHQUAKES

MATTHEW 24:7-8
7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
8 All these are the beginning of sorrows.

MARK 13:8
8 For nation shall rise against nation, and kingdom against kingdom:(ETHNIC GROUP AGAINST ETHNIC GROUP) and there shall be earthquakes in divers places, and there shall be famines and troubles: these are the beginnings of sorrows.

LUKE 21:11
11 And great earthquakes shall be in divers places, and famines, and pestilences; and fearful sights and great signs shall there be from heaven.

Strong quake rocks northeast Japan
AP – SEPT 29,11


TOKYO (AP) — A strong earthquake has rocked northeastern Japan, which is still recovering from the devastating tsunami six months ago.The quake Thursday had a preliminary magnitude of 5.6. There were no immediate reports of damage and no tsunami warning was issued.The earthquake was centered off Fukushima, which was severely hit by the quake and tsunami in March that left more than 21,000 people dead or missing. Fukushima is about 150 miles (240 kilometers) northeast of Tokyo.
The March disaster touched off the worst nuclear crisis since Chernobyl, generating meltdowns, fires and explosions at the Fukushima Dai-ichi nuclear facility.The plant's operator said there were no signs of abnormalities at the plant from the quake on Thursday.

Europe again steps back from brink in debt crisis
ReutersBy Stephen Brown and Madeline Chambers | Reuters – SEPT 29,11


BERLIN (Reuters) - Following a now-familiar script, Europe again averted disaster in its debt crisis when German lawmakers rallied behind Chancellor Angela Merkel to approve a stronger euro zone bailout fund on Thursday.But bigger challenges loom for the euro zone now. Financial markets are already anticipating a likely Greek default and demanding more far-reaching measures to prevent the crisis that began in Athens from spreading far beyond Europe and its banks.The Bundestag (lower house) overwhelmingly approved new powers for the 440-billion-euro EFSF fund to make precautionary loans, help recapitalize banks and buy distressed countries' bonds in the secondary market.Despite a rebellion by 15 backbench Euroskeptics, Merkel won 315 votes from her own center-right coalition, enough to avoid the humiliation of having to rely on the opposition Social Democrats and Greens to pass the plan.The result of the vote is a strong signal for Europe. The broad majority in parliament clearly shows that Germany is committed to the euro and to protecting our currency, said Hermann Groehe, general secretary of her Christian Democratic party.The measure was part of a July 21 agreement by euro zone leaders meant to solve the crisis by providing a second bailout for debt-stricken Greece, partly funded by private sector bondholders, and providing more firepower to prevent contagion engulfing bigger EU economies Spain and Italy.

But that deal failed to stop Italian and Spanish borrowing costs soaring, forcing the European Central Bank to intervene in August to buy their bonds, and may yet unravel in Greece, which has fallen behind again on its deficit reduction targets, pushing it closer to default.There is a growing realization, even among the more reticent, that the July 21 package is yesterday's war, and we need to go further, a senior EU official said, speaking on condition of anonymity.The euro and European shares ticked up and safe-haven German bonds fell after the closely-watched vote in Europe's pivotal power, where public opposition to further bailouts is rife.But analysts said financial markets and outside powers still want a more comprehensive response from European Union policymakers to the debt crisis.U.S. President Barack Obama kept up a drum beat of criticism of the EU's crisis management, saying on Wednesday: "In Europe, we haven't seen them deal with their financial system and banking system as effectively as they need to.EU officials are already working on ways of leveraging up the rescue fund, but kept those legally and politically fraught options under wraps ahead of the German vote to avoid antagonizing waverers in the Bundestag.Underscoring the sensitivity, German Economy Minister Philipp Roesler, leader of the liberal Free Democrats, junior partners in Merkel's coalition, said on a visit to Brussels after the vote that Berlin does not want to leverage the bailout fund.The European Commission welcomed German approval of the EFSF boost and said it was confident the ratification process would be complete throughout the 17-nation currency area by mid-October.Elsewhere in Europe, there was a sense of relief. French President Nicolas Sarkozy telephoned Merkel to congratulate her and invited Greek Prime Minister George Papandreou to talks in Paris on Friday to discuss Greece's precarious debt situation. Papandreou met Merkel in Berlin on Tuesday.Cyprus also back the EFSF's new powers on Thursday, taking the number of states that have approved to 12. Of the remainder only Slovakia's endorsement looks politically tricky.

PAIN IN SPAIN, ITALY

Despite the German vote, developments in Spain and Italy highlighted the stark challenges still facing the euro zone in coping with the sovereign debt crisis.
Spain's ruling Socialists abruptly shelved plans to boost public coffers by selling part of the state lottery for up to 9 billion euros ($12 billion), in the face of tough market conditions, political opposition and banks' funding concerns.The backtracking, a day before book building was supposed to begin on the public offering of 30 percent of Loterias, was a blow a few weeks before a November 20 election, which opinion polls show the center-right People's Party sweeping.Banks involved in the sale, Santander and BBVA, saw the Loterias flotation as a direct rival to their efforts to bolster their capital by enticing Spaniards to withdraw deposits to invest in lottery shares.Italy meanwhile had to pay the highest yield on a 10-year bond since the introduction of the euro in 1999 at an auction on Thursday, the first long-term sale since Standard & Poor's cut the country's sovereign credit rating.Rome's funding costs remain under pressure despite ECB bond-buying and a pick-up in risk appetite due to expectations of a stronger euro rescue fund. Analysts say the government's tentative crisis response has harmed investor confidence.Italy sold 7.86 billion euros of long-term bonds, moving closer to an overall issuance target of 430 billion euros for the year, but the 10-year yield rose to 5.86 percent at the auction, up from 5.22 percent a month ago.That's eye-watering yield levels, said David Schnautz, a rate strategist at Commerzbank.In Athens, senior officials of the troika of European Commission, ECB and International Monetary Fund resumed talks aimed at checking that Greece has met the terms of its bailout program after adopting new austerity measures. The Greek Finance Ministry called the climate positive and creative.The government will run out of money to pay salaries and pensions in October unless it receives the next 8 billion euro installment of emergency loans. It pushed an unpopular new property tax through parliament this week despite public anger.Anti-austerity protesters blocked the entrances to several ministries before the start of the talks.Around 200 finance ministry employees gathered in front of their ministry, shouting: Take your bailout and leave.The occupations are carried out today when the troika returns to our country and as we face new barbaric measures which were decided and are being decided for further wage reductions ... new tax hikes and mass layoffs, public sector ADEDY said in a statement.(Additional reporting by Erik Kirschbaum in Berlin, Alexandria Sage in Paris, Elizabeth O'Leary and Judy MacInnes in Madrid, Valentina Za in Milan, Ingrid Melander in Athens; editing by Ron Askew; Writing by Paul Taylor; editing by Janet McBride)

Analysis: Bernanke leaves investors mulling QE3 odds ReutersBy Steven C. Johnson and Karen Brettell | Reuters – SEPT 29,11

NEW YORK (Reuters) - Ben Bernanke put markets on notice this week: Despite already having spent trillions of dollars to stimulate growth, the Federal Reserve would do more if inflation falls too far and the threat of deflation grows.Bond investors are taking the Fed chairman at his word. If things get worse, some predict the central bank will go beyond targeting interest rates and move straight to outright buying of mortgage securities, municipal debt and even stocks.When I think of the Fed I think everything is on the table until it isn't, said Eric Green, chief economist and head of interest rate strategy at TD Securities in New York.If the economy appears on the verge of deflation, the Fed will have to go very big and be very creative, and that means munis are on the table, mortgage-backed securities, corporate (bonds), equities, he said.Everything is possible because the Fed has broken new ground and they will continue to do so if they feel they have to, exit strategy be damned.The Fed has pushed short-term interest rates to record lows and last week announced it would attempt to push down long-term rates by selling $400 billion of short-dated Treasuries to buy an equal amount of debt with maturities of seven years and up, in a policy dubbed Operation Twist.This was designed to help the housing market by lowering long-term borrowing costs. It would also encourage investors to sell Treasuries for higher-yielding assets, which should boost stocks and corporate profits, encourage hiring and investment and provide a jolt to consumer sentiment and prices.

THEORY AND REALITY

That, at least, is the theory.But fear that the economy may already be in recession has been pushing down stocks, commodities and Treasury yields for several months. U.S. stocks <.SPX> are more than 10 percent weaker since the start of August.As a result, market expectations for U.S. inflation have retreated to levels last seen in September 2010, shortly before the Fed began a $600 billion bond buying program, the second installment of a policy known as quantitative easing, or QE.When asked about this after a speech on Thursday, Bernanke said, if inflation falls too low or inflation expectations fall too low, that would be something we would have to respond to because we do not want deflation.The expected rate of inflation over the next 10 years as measured by the gap between Treasury inflation-protected securities (TIPS) and cash government bonds fell as low as 1.70 percent last week. At 1.83 percent on Thursday, it was still below the Fed's unofficial inflation target around 2 percent.St. Louis Fed President James Bullard chimed in on Thursday, saying he was troubled by the decline in market inflation expectations. But he added that deflation was not yet a risk and that the bar to more Fed easing remained high.

That could change, though.If inflation stays very low, that's going to create a clear path for more forms of unconventional easing, said Jim Caron, head of interest rate strategy at Morgan Stanley. I don't know how much the market is paying attention to that. But I wouldn't count anything out.

TREASURY ALTERNATIVES

With interest rates already at record lows, Caron said a QE3 would likely target assets other than Treasuries.Mortgage debt is one candidate, and because the market is not as liquid as the government bond market, the Fed might have more success pushing investors into riskier assets.During QE2, households, one of the largest groups of Treasuries buyers, simply increased investments in other low-risk debt such as agencies, municipal and corporate bonds when the Fed started buying Treasuries.The point would be to force (investors) into other risk assets knowing that the Bernanke put is no longer imagined, it's actually in place, Green said.If the Fed is buying equities, it wants to create more favorable conditions, which means stronger risk assets, tighter credit spreads and lower rates.

MISLEADING SIGNALS?

Even as the risks rise, the Fed will have to tread carefully. Data showed core consumer prices, which remove energy and food costs, rose at a 2 percent rate in the 12 months to September, near the top of the Fed's comfort zone.That seems to clash with signals from the TIPS market, but some say those signals may be misleading.
Philadelphia Fed President Charles Plosser, one of three central bank officials to vote against Operation Twist, said Thursday that Europe's debt crisis has increased the safe-haven appeal of U.S. government debt, with falling yields narrowing the spread between cash bonds and TIPS.One of the driving factors that led the Fed to embark on QE2 was indeed concern about deflation risk, said Michael Pond, Treasury and inflation-linked strategist at Barclay's Capital.But this time, he added,if the Fed only looks (at TIPS), they would likely be misguided here in thinking the market is pricing in disinflation.(Editing by Burton Frierson and Dan Grebler)

Asia stocks muted after mixed US economic data
APBy PAMELA SAMPSON - AP Business Writer | AP – SEPT 30,11


BANGKOK (AP) — Asian stocks were mixed Friday following a choppy session on Wall Street as investors struggled to make sense of conflicting reports on the health of the U.S. economy.Japan's Nikkei 225 index rose 0.3 percent to 8,723.12. Australia's S&P/ASX 200 index fell 0.5 percent to 3,990.10. Hong Kong's Hang Seng fell 1.7 percent to 17,711.95 and South Korea's Kospi dipped 0.6 percent to 1,759.60.
Benchmarks in mainland China, Taiwan, Malaysia, New Zealand and the Philippines were higher, while Singapore's fell.In New York on Thursday, the Dow Jones industrial average ended higher after data showed first-time applications for unemployment benefits fell to a five-month low. The U.S. government also raised its estimate of economic growth in the April-June period.But other economic reports were weak. A trade group reported that chief executives of the nation's largest companies are more pessimistic than they were just three months ago. Also, fewer Americans signed contracts to buy homes in August, the second straight month of declines.The Dow Jones industrial average rose 1.3 percent to close at 11,153.98 after a day of big swings. The Standard & Poor's 500 index rose 0.8 percent to 1,160.40. The Nasdaq composite index lost 0.4 percent to 2,480.76.In Europe on Thursday, stocks surged after Germany passed a measure to expand the powers of a regional bailout fund.

The measure, which must be approved by all 17 countries that use the euro, will allow the bailout fund to buy government debt and lend money to troubled European countries. Finland approved the measure Wednesday.Oil rebounded following the news out of the U.S. and Europe. Benchmark oil for November delivery was up 56 cents to $82.72 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 93 cents to finish at $82.14 per barrel on the Nymex on Thursday.In currency trading, the euro slipped to $1.3557 from $1.3591 late Thursday in New York. The dollar weakened to 76.51 yen from 76.79 yen.

Facebook under pressure over privacy: source
By Stephen Mangan | Reuters – SEPT 30,11


LONDON (Reuters) - Facebook faces regulatory scrutiny in Ireland, site of its European headquarters, over its handling of personal information, the Financial Times reported on Friday.The newspaper said the Irish data protection commissioner is to conduct a privacy audit of Facebook's activities outside the United States and Canada after complaints by European and U.S. privacy campaigning groups to the Irish commissioner and the U.S. Federal Trade Commission.The groups raised concerns over Facebook's frictionless sharing of reading, listening and viewing activity as well as the use of cookies to track users' browsing.The FT reported that Gary Davis, Irish deputy data protection commissioner, said his office would conduct a detailed audit of the group's activities outside the United States and Canada next month.
This audit will examine the subject matter of the complaint but also will be more extensive and will seek to examine Facebook's compliance more generally with Irish data protection law.Facebook's European headquarters are in Dublin, which makes its operations outside the United States and Canada subject to Irish and European data protection legislation.Facebook was unavailable for immediate comment.(Reporting by Stephen Mangan; Editing by Gary Hill)

Merkel coalition easily passes EU rescue-fund vote
29.09.11 @ 15:34 By Leigh Phillips


In a major domestic victory German Chancellor Angela Merkel, the Bundestag - the country’s lower house of parliament - has robustly backed a strengthening of the eurozone’s multi-billion euro rescue fund.The Bundestag: A night of arm-twisting of rebels assured the passage of the draft law (Photo: Torkil Sørensen/norden.org)
With Merkel’s free-market-liberal coalition allies in the Free Democrats increasingly taking a critical line on Europe and its series of bail-outs for peripheral states, fears were widespread ahead of the vote that the chancellor might not be able to win enough votes within her own coalition to push through the changes to the European Financial Stability Fund without the indignity of having to rely on the opposition Social Democrats and Greens.However, after heavy late-night arm-twisting of rebels, the legislation was approved 523 to 85, with three abstentions. A full 315 members of the governing coalition voted in favour, four more than the 311 needed to win without depending on help from the centre-left.

Just 15 members of the coalition voted against the government.The FDP is battling a massive plunge in popular support, with some polls putting the party on just two percent - far beneath the five percent required to enter parliament. If an election were to be held today, it is likely that the party would be wiped out.Many in the party argue that Germany has already contributed more than enough to European rescues of peripheral countries and that Greece in particular should be left to deal with its alleged profligate ways on its own.Die Linke, the left-wing party, made up the bulk of the 85 dissenters. The group, like many in the FDP, is opposed to the EU-IMF bail-out packages, but for very different reasons, arguing that the rescues are not of peripheral states, but of banks of the core EU countries and that the austerity that comes attached to the rescues hits ordinary people.The chancellor can now breathe a sigh of relief for her own position. A reliance on opposition votes would likely have spelt the end of the governing coalition.Today we will make an important contribution to our nation, to Europe and to the stability of the euro, coalition parliamentary leader Volker Kauder said after the vote.The approval gives the green light from Europe’s biggest economy for the EFSF to purchase government bonds in secondary markets and to participate in bank recapitalisation actions.

The changes to the rescue fund also crucially hike Germany’s contribution to €211 billion, up from €123 billion.Coalition members were also worried that even as the latest expansion of the EFSF, European officials were quietly at work on a still larger rescue operation amounting to as much as €2 trillion.EU officials and core-nation domestic sources have confirmed that various options on a leveraging of the EFSF are under consideration.German finance minister Wolfgang Schaeuble lashed out at suggestions that such a plan was underway.Nothing is being kept secret or being kept quiet, he said during the debate in the Bundestag.He emphasised that today’s vote is only about the new sums and the new powers of the EFSF and nothing else.So every suspicion and every uncertainty is indecent and inappropriate, he said.
However, the minister appeared to leave the door open to adjustments to the bail-out fund, saying: The guidelines on the enlarged EFSF have not been finally negotiated.He continued that the parliament would have to approve these guidelines indicating that this will allow MPs to see what framework is being negotiated.The changes to the EFSF must be approved by all 17 eurozone states. A total of nine so far have done so, including Finland on Wednesday.

Slovakia remains a potential hurdle, with one of the four coalition parties in the government, the libertarian Freedom and Solidarity party, having been steadfastly opposed to the bail-out mechanism.However, late on Wednesday, the party’s parliamentary leader, Jozef Kollar, indicated to TV Markiza that the party is close to an agreement with the other parties on giving its assent.Kollar said that the condition the party is attaching to its backing is that Slovakia would not have to contribute to the fund.Prime Minister Iveta Radicova is pushing for a vote before the autumn EU summit, meaning 16 October at the latest.

Banks to pay fair share under EU transactions tax
Today SEPT 29,11 @ 09:28 By Leigh Phillips


The European Commission on Wednesday (28 September) unveiled plans to slap a tax on financial transactions in the EU, a scheme that the EU executive hope will raise some €57 billion a year in revenues.Banks must be made to pay their fair share the commission says (Photo: Trois Têtes)Jose Manuel Barroso, the president of the commission announced that the college of commissioners had adopted the proposal, long expected and dreaded by the City of London, during his state of the union address to the European Parliament in Strasbourg.All financial transactions in which at least one party is located in the EU would come under the purview of the proposed rules. The commission would like to see both derivative contracts and trades in shares and bonds taxed at 0.1 percent from January 2014.Brussels said that now, when governments are putting the squeeze on public services in order to unwind heavy public debtloads, was the time to introduce such a measure to ensure that the financial sector makes a fair contribution.Public debt in all 27 EU member states jumped from below 60 percent of GDP to 80 percent at the beginning of the crisis, largely as a result of the financial sector receiving €4.6 trillion in assistance from governments.The commission also said in a statement outlining the proposals that banking world is currently under-taxed by comparison to other sectors.The aim is also to establish new minimum tax rates and harmonise different existing taxes on financial transactions in the EU, aiming to reduce distortions in the bloc’s single market.

Our project is sound and workable. I have no doubt this tax can deliver what EU citizens expect; a fair contribution from the financial sector, said tax commissioner Algirdas Semeta upon the announcement of the proposal.The move would aim to capture a slice of 85 percent of transactions between financial institutions, but citizens themselves and non-financial-sector businesses would exempt. Mortgages, bank loans, insurance contracts and other financial activities carried out by individuals or small businesses fall outside the scope of the proposal, the commission said.The plans have strong support from French President and current chair of the G20 Nicolas Sarkozy, who is likely to raise the EU plan at the next meeting of the world’s leading economies in Cannes on 3 November.Germany, Spain, Finland, Luxembourg, Belgium, Austria, Hungary, Greece and Portugal are also believed to be committed backers of the move at an EU level.However the UK, home to the City of London financial district, is implacably opposed and has suggested that it will veto the move.Britain says it is not opposed in principle, but that it must be imposed at a global level, otherwise banks will simply move out of the EU to more amenable tax climates.The government will continue to engage with its international partners on financial transaction taxes and has no objection to them in principle, said the British treasury. But any financial transaction tax would have to apply globally and there are a number of practical issues that need to be worked through. These issues are underlined by the commission's own analysis.Oxfam, the anti-poverty organisation that has long campaigned for such a Robin Hood Tax, welcomed the proposals, but said that the funds must be used not merely to shore up EU budgets, but distributed to help poor countries facing chilling reductions in aid, trade, and investment.

US threat of military action unites Pakistan
APBy CHRIS BRUMMITT - Associated Press | AP – SEPT 29,11


ISLAMABAD (AP) — U.S. accusations that Pakistan is supporting Afghan insurgents have triggered a nationalist backlash and whipped up media fears of an American invasion, drowning out any discussion over the army's long use of jihadi groups as deadly proxies in the region.The reaction shows the problem facing the United States as it presses Pakistan for action: Strong statements in Washington provoke a negative public response that makes it more difficult for the army to act against the militants — even if it decided it was in the country's interest to do so.Pakistan's mostly conservative populace is deeply suspicious of U.S. intentions a decade after Washington forged an alliance with Islamabad. Many people here believe the U.S. wants to break up Pakistan and take its arsenal of nuclear weapons, and America is very unpopular throughout the country.By contrast, Pakistanis lack unity against Islamic militants. Politicians and media commentators are often ambiguous in their criticism of the Pakistani Taliban, despite its carrying out near weekly bombings in Pakistan over the past four years.One small private television channel has aired an advertisement that features images of Adm. Mike Mullen, America's top military officer, and Defense Secretary Leon Panetta along with scenes of the Pakistani army fighting and raising the country's flag.Each time the Americans appear, a shrill voice sings: Enemies, you have challenged a nation which has a growing knowledge of the Quran and the support from Allah. Our task in this world is to eliminate the name of the killers! Mullen's comments on Capitol Hill last week set off the storm.

He said the Haqqani network, the most deadly and organized force fighting American troops in Afghanistan, was a veritable arm of Pakistan's premier spy agency, the strongest public statement yet by U.S. officials on Pakistan's long suspected duplicity.He and other U.S. officials suggested that the U.S. would use any means necessary to defend itself. That raised speculation here that America might deploy troops in Pakistan's North Waziristan territory, the Afghan border region where the Haqqanis are based.Most analysts view that scenario as highly unlikely because of the risks it entails for U.S. interests in the region. But it has not stopped right-wing politicians and retired generals that are well represented on TV talk shows from speculating on the threat of American boots on Pakistani soil.On Thursday, the leaders of the country's feuding political parties will put aside their differences to sit under one roof to discuss the issue. In announcing the meeting, Prime Minister Yousuf Raza Gilani said the lawmakers will discuss the security situation in the wake of threats emanating from outside the country.The Sunni Ittehad Council, an organization representing the country's Barelvi sect, often referred to as the most moderate among Pakistani Muslims, issued a statement saying it was obligatory on all Muslims to wage jihad against the United States if it attacked Pakistan.The Pakistani government and the armed forces should start preparing to counter any possible American attack as Islamic law suggests keeping the horses ready' to counter any sort of foreign aggression, the statement said.
There have been a few small street protests since Mullen's comments, but nothing major.

In some respects, the situation mirrors the atmosphere after the May 2 American helicopter raid on Osama bin Laden, which was carried out without the knowledge of the Pakistani army. There was outrage then over the infringement of the country's sovereignty by the U.S., but little on how bin Laden had been living in the army town of Abbottabad for so long.Now, the focus is on Pakistan's public humiliation at the hands of a supposed ally — and the threat of American action.There appears to have been little debate on whether Pakistan is right to allow the Haqqani network free reign in parts of the country. Nor has there been much discussion of Pakistan's historical use of militant proxies in India. This is all the more striking because the Haqqani network and other militants are allied, at least ideologically, to the Pakistani Taliban, who carry out attacks inside Pakistan.The dominant right-wing narrative in Pakistan following Mullen's comments has been that the United States is losing the war in Afghanistan and wants to pin the blame on Islamabad. The threat posed by the Haqqani network is seen as exaggerated, and tackling them now is thought not to be in Pakistan's interest.The anger this week at America coincided with the visit of Chinese Public Security Minister Meng Jianzhu, allowing the media and politicians to peddle another populist trope: that Beijing will be able to replace the United States as a source of funds if and when Pakistan chooses to sever its ties with Washington.American allegations and threats have extremely endangered our country's security and sovereignty. It is high time ... we should consult our friendly neighbors and other countries out of this region and get their support, said an editorial in the right-wing mass circulation paper, Nawa-i-Waqt.Most analysts say this hope is misplaced, noting that Beijing shares international concerns about Pakistan as a breeding ground for terrorism and has shown little sign it wants to prop up the government. The hope also fails to address how China would replace American influence on institutions like the World Bank and the International Monetary Fund.Anti-American sentiment in Pakistan was already rife and growing, following the shooting deaths of two Pakistanis by CIA operatives in Lahore in January and the raid on bin Laden. Both events were portrayed here as further evidence of the malign intentions of the United States.

The Pakistani media tend to focus on the supposed American threat because that's what Pakistanis want to read and hear about, said Cyril Almedia, a liberal political analyst and columnist. But he said there were signs that those who wanted to see the alliance with the United States break down may be disappointed, noting that the army — which receives billions from the United States in aid — had been relatively muted in its reaction.Emotions are running high, but there are indications the military is performing a delicate balancing act, Almedia said.On the one hand, it is trying to give a response that satisfies a paranoid, conservative population and the rank-and-file, yet also a feeling that this is not the moment to cause a complete rupture with the United States.(This version corrects Panetta now defense secretary, no longer CIA head.)

Link

Thursday, September 29, 2011

 

IRAN PLANS TO SEND SHIPS CLOSE TO US WATERS

ISRAEL

Whose Promised Land? Psalm 78:54-55 (ISRAELS)
54 And He brought them to His holy border, This mountain which His right hand had acquired.
55 He also drove out the nations before them,Allotted them an inheritance by survey, And made the tribes of Israel dwell in their tents.

ISRAELS INHERITED LAND IN THE FUTURE
http://www.youtube.com/watch?v=ytWmPqY8TE0&feature=player_embedded

DEUTERONOMY 7:7-8
7 The LORD did not set his love upon you, nor choose you, because ye were more in number than any people;(ISRAEL) for ye were the fewest of all people:
8 But because the LORD loved you,(ISRAEL) and because he would keep the oath which he had sworn unto your fathers, hath the LORD brought you out with a mighty hand, and redeemed you out of the house of bondmen, from the hand of Pharaoh king of Egypt.

ZECHARIAH 2:8
8 For thus saith the LORD of hosts; After the glory hath he sent me unto the nations which spoiled you: for he that toucheth you toucheth the apple of his eye.

JEREMIAH 3:14
14 Turn, O backsliding children, saith the LORD; for I am married unto you:(ISRAEL) and I will take you one of a city, and two of a family, and I will bring you to Zion:

ISAIAH 42:1
1 Behold my servant, whom I uphold; mine elect,(ISRAEL) in whom my soul delighteth; I have put my spirit upon him: he shall bring forth judgment to the Gentiles.

ISAIAH 45:4
4 For Jacob my servant’s sake, and Israel mine elect, I have even called thee by thy name: I have surnamed thee, though thou hast not known me.

ISAIAH 65:9,22
9 And I will bring forth a seed out of Jacob, and out of Judah an inheritor of my mountains: and mine elect (ISRAEL) shall inherit it, and my servants shall dwell there.
22 They shall not build, and another inhabit; they shall not plant, and another eat: for as the days of a tree are the days of my people, and mine elect (ISRAEL) shall long enjoy the work of their hands.

ISAIAH 56:5
5 Even unto them (ISRAELIS) will I give in mine house and within my walls a place and a name better than of sons and of daughters: I will give them an everlasting name,(ISRAEL) that shall not be cut off.

And here are the bounderies of the land that Israel will inherit either through war or peace or God in the future. God says its Israels land and only Israels land. They will have every inch God promised them of this land in the future.
Egypt east of the Nile River, Saudi Arabia, Israel, Jordan, Syria, Lebanon, The southern part of Turkey and the Western Half of Iraq west of the Euphrates. Gen 13:14-15, Psm 105:9,11, Gen 15:18, Exe 23:31, Num 34:1-12, Josh 1:4.ALL THIS LAND ISRAEL WILL DEFINATELY OWN IN THE FUTURE, ITS ISRAELS NOT ISHMAELS LAND.

12 TRIBES INHERIT LAND IN THE FUTURE

2ND DAY OF ROSH HASHANA IN ISRAEL TODAY AT 6PM.

ISRAEL HAS A RIGHT TO BUILD ON THEIR OWN LAND.THIS AMAZES ME HOW THE WORLD DEMAND ISRAEL QUIT BUILDING ON THEIR OWN LAND.

Israel rejects criticism of new Jerusalem housing
APBy IAN DEITCH - Associated Press | AP – SEPT 28,11


JERUSALEM (AP) — The Israeli government on Wednesday rejected international criticism of its decision to build 1,100 new Jewish housing units in east Jerusalem, claiming the plans do not hinder peace efforts with the Palestinians.Israel announced Tuesday that it had given the green light for the new construction in the Jewish neighborhood of Gilo in southeast Jerusalem. The Palestinians condemned the plan, and the U.S., European Union and United Nations all swiftly expressed their disappointment over the settlements, which raised already heightened tensions after last week's Palestinian move to seek U.N. membership.In every peace plan that has been put on the table over the last 18 years, Gilo remains an integral part of Jewish Jerusalem, said Mark Regev, a spokesman for Israeli Prime Minister Benjamin Netanyahu. There is no contradiction between this planning decision and the government's desire to move forward in peace toward two states for two peoples.Gilo is not a settlement, nor is it an outpost, Gilo is a neighborhood in the very heart of Jerusalem, only about a 5 minute drive from the very center of town.The Palestinians have demanded that Israel halt all settlement construction in east Jerusalem, which the Palestinians claim as their future capital, and the adjacent West Bank — territories captured by Israel in the 1967 Mideast war — as a condition for resuming peace talks.

Since capturing east Jerusalem, Israel has annexed the area and ringed it with about 10 Jewish enclaves that are meant to solidify its control. Gilo, which is close to the Palestinian city of Bethlehem, is among the largest, with about 50,000 residents. Israel's annexation of east Jerusalem has not been internationally recognized.Saeb Erekat, the chief Palestinian negotiator, said Tuesday after the Israeli housing announcement that the decision amounted to 1,100 no's to the resumption of peace talks.With peace negotiations stalled for the past three years, the Palestinians last week asked the U.N. Security Council to recognize an independent Palestinian state in the West Bank, east Jerusalem and Gaza Strip.The U.S. has vowed to veto the Palestinian request in the Security Council. Both Israel and the U.S. say a Palestinian state can be established only through negotiations.
The fate of east Jerusalem is the most explosive issue in the Israeli-Palestinian conflict. The sector is home to Jerusalem's Old City, which houses sensitive Jewish, Muslim and Christian holy sites.Netanyahu says he will never relinquish east Jerusalem, which Israel considers an integral part of its capital. The Palestinian leadership has vowed it will not accept a state without key parts of east Jerusalem as its capital.In all, about 200,000 Jews live in east Jerusalem areas that Israel calls neighborhoods and the Palestinians call settlements. Squeezed between them are Arab neighborhoods that are home to some 250,000 Palestinians.Also Wednesday, Israeli authorities said that Palestinian assailants are to blame for a car crash that killed an Israeli father and his infant son in the West Bank last week on the eve of the Palestinian bid for recognition at the United Nations.Police spokesman Micky Rosenfeld said the investigation found that the Israeli man lost control of his car after he was hit in the head by a stone. Palestinian youths regularly throw stones at Israeli cars in the West Bank.The crash was initially thought to have been an accident.

UN Council buys time on Palestine membership bid
AFPAFP – SEPT 28,11


The UN Security Council on Wednesday pushed back a decision on the Palestinian bid to join the United Nations in a move that will give more time to international efforts to revive direct talks.But UN envoys for the two foes wrangled over who is to blame for the latest year-old negotiations deadlock, with diplomats warning both sides are hardening their positions.The 15-member Security Council sent the bid made by Palestinian president Mahmud Abbas last Friday to a special membershp committee to give its verdict.A full session of the council met for barely two minutes in the first public discussion of the bid that the United States has vowed to veto when it comes to a vote.Unless I hear a proposal to the contrary I shall send the application of Palestine to the committee on new members, said Lebanon's UN ambassador Nawaf Salam, president of the council for September. No comments were made and Salam hurriedly brought the gavel down to get the meeting over.The membership committee, made up of all 15 council nations, will hold its first meeting on Friday.Abbas was given a standing ovation in the UN General Assembly last Friday after making the historic application.The United States and Israel, strongly opposing the bid, say only direct Israel-Palestinian talks can create a Palestinian state.The diplomatic Quartet on the Middle East -- the United States, Russia, European Union and United Nations -- has since launched a new campaign to get the two sides back into talks with a set timetable.Palestinians ended US-brokered talks one year ago when Israel ended a moratorium on settlement construction in the occupied territories. Israel's approval of another 1,100 homes in East Jerusalem has further infuriated the Palestinian leadership.

Palestinian envoy to the UN, Riyad Mansour, called the construction offensive, provocative and illegal and 1,100 answers to thwart the efforts to revive talks.He said it was a clear answer by the Israeli government to the Quartet, to negotiation and to the refusal to abide by the global consensus on the fact that settlements are an illegal obstacle to peace.Ron Prosor, Israel's UN ambassador, said the Palestinians are using every pretext in order not to find a reason not to go into negotiations.Is it easy, the answer is no. Is it frustrating -- yes. Do we have sleepless nights, yes. But at the end of the day that is the only way forward,he said of the talks process.When asked about the approval of new settlements, Prosor said Israel was ready to negotiate on Jerusalem with other final status topics.

Israeli officials have signalled a hardline on East Jerusalem however and Prosor told reporters: Jerusalem, I would like to stress, that is the capital of the Jewish people. This is our heart. Jerusalem, if I may say so, was the capital of the Jewish people when London was still a swamp.The ambassador acknowledged that Israel is working with the United States to get Security Council members to oppose or abstain in any vote on Palestinian membership.Yes we are both working, and truthfully, on both sides to have a bloc of countries that basically would say ladies and gentlemen go back to direct negotiations, sit down and talk this thing with each other,the ambassador told reporters.The Palestinians are also sending high level delegations to council members such as Gabon, Bosnia and Nigeria.

Ashton shows pro-Palestinian side at EU parliament
Today SEPT 28,11 @ 09:16 By Andrew Rettman


EU foreign relations chief Catherine Ashton showed her pro-Palestinian sympathies at the European Parliament on Tuesday (27 September) as MEPs get set to back the UN upgrade.She began the meeting in Strasbourg with a formal statement against Israel's new decision to build 1,100 Jewish housing units on Palestinian land at its Gilo settlement.This plan should be reversed. Settlement activity threatens the viability of an agreed two-state solution and runs contrary to the Israeli stated commitment to resume negotiations, she said.She later added on a personal note: I have condemned settlement activity every time it was announced - I have made six statements this year, plus one Quartet [a joint EU, Russia, UN and US body] statement plus the comment today ... Each time I have met him [Israeli leader Benjamin Netanyahu] I have told him settlements are illegal under international law.

She also praised Palestinian leaders Mahmoud Abbas and Salam Fayyad: They are people who hold the values we hold dear in their hearts. They believe in the values we hold ... I believe Israel could do no better than negotiate with them.Pro-Israeli countries such as the Netherlands have said Ashton is not a neutral broker in talks on whether the EU should back Palestine's bid to join the UN. Her own officials say she was deeply affected by Palestinian hardships on recent visits to Gaza and the West Bank.MEPs will on Thursday vote on a draft resolution which says the EU assembly: Supports and calls on member states to be united in addressing the legitimate demand of the Palestinian people to be represented as a state at the United Nations.The text already has the backing of the socialist, liberal, green and far-left groups. The language is designed to accommodate various opinions - socialists say Palestine should get full UN membership, while liberals say they should become a non-member state.The biggest group, the centre-right EPP, is still making up its mind. But senior EPP figures, such as German deputy Hans-Gert Poettering and Dutch member Ria Oomen-Ruijten, spoke up for Palestine in the plenary debate.Meanwhile, EU countries have voiced clear divisions at the UN in New York over the past week. Ten (Belgium, Finland, France, Greece, Ireland, Luxembourg, Malta, Portugal, Spain and Sweden) are on the pro-upgrade side. Five (Bulgaria, the Czech Republic, Italy, Romania and the UK) have indicated they would vote No. The rest are keeping quiet.Provocative of Israel to announce new settlements in East Jerusalem now. Clearly contrary to Middle East peace Quartet demand, Swedish foreign minister Carl Bldt tweeted on Tuesday.For his part, Netanyahu in an interview with the Jerusalem Post the same day showed little interest in what the EU thinks. We plan in Jerusalem. We build in Jerusalem. Period. The same way Israeli governments have been doing for years - since the end of the 1967 war,he said.

DANIEL 7:23-24
23 Thus he said, The fourth beast(THE EU,REVIVED ROME) shall be the fourth kingdom upon earth,(7TH WORLD EMPIRE) which shall be diverse from all kingdoms, and shall devour the whole earth, and shall tread it down, and break it in pieces.(TRADE BLOCKS)
24 And the ten horns out of this kingdom are ten kings that shall arise:(10 NATIONS-10 WORLD REGIONS) and another shall rise after them;(#11 SPAIN) and he shall be diverse from the first, and he shall subdue three kings.(BE HEAD OF 3 KINGS OR NATIONS).

Parliament approves economic governance six-pack
Today SEPT 28,11 @ 17:43 By Leigh Phillips


After almost a year since the European Commission first proposed a package of laws radically centralising economic decision-making in the European Union, the legislative process approving the so-called ‘six-pack’ of bills has finally come to an end with the European Parliament giving its assent on Wednesday (28 September).

Aiming to prevent future sovereign debt crises, the six-pack gives the European Commission new powers to slap fines on countries that flout rules on racking up high public debts and deficits.The parliament emerged largely victorious in its battle with the member states, and in particular France, to give the EU executive the power to impose sanctions that can only be blocked by a majority of votes amongst eurozone states.A majority of MEPs in the conservative-dominated chamber worried that requiring approval by the Council before warnings could be issued to a country would lead to back-room deals in which countries needing to reform their budgetary policies would be let off the hook.In the end, a country warning will be issued if a vote in the Council is not taken within 10 days of a commission notice. If the Council decides to overturn the commission’s decision, they will now have to appear before the European Parliament and defend their rejection in public.The chamber also won the right to request the presence of finance ministers from countries that have received a warning to a dressing down in the parliament.The vote in the full sitting of the chamber however was close, as parties on the left voted against or abstained on some aspects of the package, believing there to be insufficient balance between market requirements and social needs.The left however did win a victory via the parliament’s insistence that the commission consider not merely countries with high trade deficits, but also those running current-account surpluses.Germany and the Netherlands have crowed that such imbalances result from their successful economic management and should not need investigation. However, some economists argue that the core of Europe has engaged in mercantilist policies that are the flip-side of heavy debts in the eurozone periphery and are every bit as dangerous.

The president of the parliament, conservative Polish MEP Jerzy Buzek cheered the result, declaring: We have developed a powerful and resistant armour against any future crisis,Liberal MEP Sylvie Goulard, one of the deputies to shepherd the legislation through the house, said that the bloc needed to go further still in terms of economic integration.This is not the end of the story. We will need to take further steps. But we have built a new system with this package today which will allow the EU institutions to work better together and will increase transparency, she said.The Socialists spokesman for economic affairs, Udo Bullmann, said that the vote today would have drastic consequences for European citizens.We think there exists another path out of the crisis. The reform is an austerity pact ... that leaves no margin of manoeuvre for EU states for intelligent spending and targeted investment. Some 78 civil society organisations including anti-poverty NGOs and trade unions issued an open letter on Wednesday denouncing the moves as anti-democratic.The proposals will enable EU institutions to make decisions on member states' budgets, economic policy priorities as well as on labour and social rights with little democratic debate, or accountability, the signatories, including France’s CGT union, UK-based Tax Justice Network and Attac Denmark, to the letter said.

EU hushes talk of multi-trillion bail-out ahead of German vote Today SEPT 28,11 @ 09:29 By Leigh Phillips

European politicians are trying to avoid too much talk of a multi-trillion-euro revamp of the eurozone’s crisis strategy ahead of a crunch vote in the German parliament, with the German finance minister denying plans for such an increase to the bail-out fund and French ministers saying it is necessary to stay quiet until after the vote.On Tuesday, German finance minister Wolfgang Schaeuble told N-TV: We do not intend to increase it, and separately called such moves stupid.I don't understand how anyone in the European Commission can have such a stupid idea. The result would be to endanger the AAA sovereign debt ratings of other member states. It makes no sense, he said.It is understood that European leaders are considering a plan to leverage the European Financial Stability Fund via the European Central Bank. The sums mentioned are in the range of €2 trillion, although sources have told EUobserver, the figures are still in flux and that more than one option is on the table.Meanwhile, changes strengthening the EFSF agreed by eurozone leaders in July have yet to be approved by the Bundestag. A vote is scheduled for Thursday.

French finance minister Francois Baroin for his part said that a public discussion of the issue could not happen before Germany votes

It is out of the question to put forward, three days from the Bundestag (lower house) vote, the issue of whether we should increase the fund, he said.Let's not open Pandora's box on something that is a red flag for Germany.Meanwhile, Prime Minister Francois Fillon told the French parliament that plans to tackle speculative attacks would be unveiled after the German vote.A straw poll amongst MPs from German Chancellor Angela Merkel’s CDU and sister party in the CSU group in the chamber showed how tight the vote could be.Some 11 MPs voted against moves to alter the EFSF’s rules, according to a report from Reuters, while two abstained. The news agency quoted unnamed sources that predicted between two and five nays from the coalition’s Free Democrat junior partner and a further six abstentions. If 19 deputies vote against or abstain, Merkel will have to depend on opposition Social Democrat and Green votes, a development that could fatally wound the Merkel administration.Separately, Greek Prime Minister George Papandreou travelled to Berlin to meet with his German counterpart and delivered a rousing speech to German industrial leaders in an attempt to rally spirits in the key European economy.I promise you, we Greeks will soon fight our way back to growth and prosperity after this period of pain,he told the Federation of German Industries.The eurozone must now take bold steps toward fiscal integration to stabilise the monetary union. Let's not allow those who are betting against the euro to succeed,he said.Merkel for her part stressed that Berlin will not abandon Athens: We will provide all the help desired from the German side so that Greece regains trust.If the stability of the euro is at stake - and the experience of the last few years shows that the difficulties of one country endanger our common currency – then that obliges us to show solidarity within the common currency.We want a strong Greece in the eurozone… Germany is ready to give all the help that is required.

WW3 THE 3 WAVES THAT MARCH TO ISRAEL

WW3 COMPLETE HAPPENINGS
http://israndjer.blogspot.com/2005/11/questions-ww3-whats-coming.html
NUKES WILL BE USED IN WW3
http://israndjer.blogspot.com/2011/09/ww3-will-be-fought-with-nuclear-weapons.html

AMOS 9:10
10 All the sinners of my people shall die by the sword, which say, The evil shall not overtake nor prevent us.

DANIEL 11:40-45
40 And at the time of the end shall the king of the south( EGYPT) push at him:(EU DICTATOR IN ISRAEL) and the king of the north (RUSSIA AND MUSLIM HORDES OF EZEK 38+39) shall come against him like a whirlwind, with chariots, and with horsemen, and with many ships; and he shall enter into the countries, and shall overflow and pass over.
41 He shall enter also into the glorious land, and many countries shall be overthrown: but these shall escape out of his hand, even Edom, and Moab, and the chief of the children of Ammon.(JORDAN)
42 He shall stretch forth his hand also upon the countries: and the land of Egypt shall not escape.
43 But he shall have power over the treasures of gold and of silver, and over all the precious things of Egypt: and the Libyans and the Ethiopians shall be at his steps.
44 But tidings out of the east(CHINA 2ND WAVE OF WW3) and out of the north(RUSSIA, MUSLIMS WHATS LEFT FROM WAVE 1) shall trouble him:(EU DICTATOR IN ISRAEL) therefore he shall go forth with great fury to destroy, and utterly to make away many.( 1/3RD OF EARTHS POPULATION)
45 And he shall plant the tabernacles of his palace between the seas in the glorious holy mountain; yet he shall come to his end, and none shall help him.

REVELATION 14:18-20
18 And another angel came out from the altar, which had power over fire; and cried with a loud cry to him that had the sharp sickle, saying, Thrust in thy sharp sickle, and gather the clusters of the vine of the earth; for her grapes are fully ripe.
19 And the angel thrust in his sickle into the earth, and gathered the vine of the earth, and cast it into the great winepress of the wrath of God.
20 And the winepress was trodden without the city,(JERUSALEM) and blood came out of the winepress, even unto the horse bridles, by the space of a thousand and six hundred furlongs.(200 MILES) (THE SIZE OF ISRAEL)

The Third and Final Wave of WW3 is when all Nations march to Jerusalem, but JESUS bodily returns to earth and destroys them,sets up his KINGDOM OF RULE FOR 1000 YEARS THEN FOREVER.

Iran plans to send ships close to US waters: report
AFPAFP – Tue, Sep 27, 2011


Iran's navy is going to deploy ships close to US territorial waters, its commander in chief was quoted as saying on Tuesday.As the global oppression (the US) is present not far from our maritime border ... our navy is going to have a strong presence not far from US territorial waters, the Irna news agency quoted Admiral Habibollah Sayyari as saying.On July 19 Sayyari also said that Iran was going to send a flotilla into the Atlantic.The remarks come as another high-ranking Iranian appeared to reject a recent US request to establish a red phone link between the countries to avoid unwanted confrontation between their armed forces in the Gulf region.When we are in the Gulf of Mexico, we will establish direct contact with the United States, Ali Fadavi, commander of the Iranian Revolutionary Guard Corps Navy, was quoted in press reports as saying.In the view of the Islamic Republic of Iran, the presence of the US in the Persian Gulf is illegitimate and makes no sense.The Iranian navy has been developing its presence in international waters since last year, regularly launching vessels in the Indian Ocean and the Gulf of Aden to protect Iranian ships from Somali pirates operating in the area.Iran also sent two ships into the Mediterranean for the first time in February, via the Suez Canal, to the annoyance of Israel and the United States.And in July, leaders announced that a Kilo class submarine had completed an inaugural mission in the southern Indian Ocean and the Red Sea.

Iran says it delivers new cruise missiles to navy
APBy ALI AKBAR DAREINI - Associated Press | AP – SEPT 28,11


TEHRAN, Iran (AP) — Iran said Wednesday it has begun large-scale production of a domestically-developed cruise missile designed for sea-based targets and capable of destroying warships.Defense Minister Gen. Ahmad Vahidi said an unspecified number of the missiles, called Ghader, or Capable in Farsi, were delivered to the Iranian military and the powerful Revolutionary Guard's naval division, which is assigned to protect Iran's sea borders.Vahidi said the missile, which has a range of 124 miles (200 kilometers), can travel at low altitudes and "can sink giant warships. The comments appeared to suggest that the new missile could potentially counter the U.S. naval presence in the Persian Gulf.The West is already concerned about Iran's military capabilities, especially the implications of the country's disputed nuclear program. The U.S. and some of its allies, and as the U.N. nuclear agency, the International Atomic Energy Agency, fear that Iran is trying to produce a nuclear weapon. Tehran denies the charges.Iran's growing arsenal includes short and medium range ballistic missiles that are capable of hitting targets in the region such as Israel and U.S. military bases in the Gulf.Iran frequently makes announcements about new advances in military technology that cannot be independently verified.Iran began a military self-sufficiency program in 1992, under which it produces a large range of weapons, including tanks, missiles, jet fighters, unmanned drone aircraft and torpedoes.

EU pushes for global financial trading tax
APBy PAN PYLAS - AP Business Writer | AP – SEPT 28,11


LONDON (AP) — Taxing financial trades has been touted as a panacea for all kinds of global ills, a cash source to fight poverty and global warming. But the latest European attempt to introduce a worldwide standard 40 years after it was first conceived is facing stiff opposition from the U.S. and Britain.Jose Manuel Barroso, the president of the EU's executive arm, on Wednesday threw his weight behind the tax that his office estimated could raise euro57 billion ($77 billion) a year in Europe to help combat a debt crisis that is threatening the euro currency.In the last three years, member states have granted aid and provided guarantees of euro4.6 trillion to the financial sector,Barroso said.It is time for the financial sector to make a contribution back to society.The tax would be a tiny percentage of the value of a trade in assets like stocks and bonds. Although some countries already have a minimal duty on share trading, the new proposal would not only increase the scope and size of the tax but also siphon off some revenue to Brussels.The European Commission has formally backed the tax to take effect from January 2014.As a result of the financial crisis in 2008 and the ensuing recession, debt levels across Europe, and not just in the bailed out countries of Greece, Ireland and Portugal, have risen sharply. Across the 27-nation EU, debt as a percentage of national income has spiked from below 60 percent in 2007 to 80 percent this year.

Though the tax could dent growth and employment, it has won a fair degree of support across the 17-country eurozone, including France and Germany, the EU's two biggest economies.Britain, however, has been adamantly against it unless it is used on a global basis. Its opinion carries weight in the debate because London is the continent's biggest financial center.The argument made by the likes of George Osborne, Britain's finance chief, and echoed last week by his counterpart in the U.S. Timothy Geithner is that the tax just won't work if it's not introduced globally. If it's not, investors can move money quickly to where the tax doesn't need to be paid, saving themselves potentially large sums of money in financial trades.Howard Wheeldon, a senior strategist at BGC Partners, said it's a bad idea to have a trades tax now, especially since many banks are still trying to meet new requirements to beef up capital buffers.The timing is inappropriate; it's something to look at in a few years time, Wheeldon said.Even if Britain and the U.S. decide to opt out, it is possible that the eurozone countries, or at least some of them, may go it alone.I think the eurozone or number of member states would go ahead and do it, and would start it at a low enough level to answer political objections,said Sony Kapoor, managing director of Re-Define, an economic think tank.Some activists campaigning for the tax worry the money may be used solely to fix the world's financial difficulties. They say a large chunk of the revenues should be used for other important issues, such as reducing poverty or fighting global warming.Oxfam International, a long-time proponent of the tax, lauded the European Commission's support ahead of the October 17-18 summit of EU leaders and the Group of 20 meeting of the leaders from the top industrial and developing nations.

The financial transaction tax is moving from rhetoric to reality but a significant part of the revenues should be used as Bill Gates suggested, to help poor countries facing chilling reductions in aid, trade, and investment — not just shore up the EU budget,said Nicolas Mombrial, Oxfam International's EU policy advisor. The multibillionaire Microsoft founder has been commissioned by the G-20 to produce a report on development financing and is considering the potential of the tax.Oxfam's Mombrial also argues that the rate of the tax should be higher than the 0.1 percent levy on shares and bonds proposed by the EU.It's clear that higher rates are perfectly feasible and would raise more money to tackle poverty, Mombrial said, noting that a 0.5 percent tax already applies to share trades in the U.K.The motivations behind the tax are a long way from the designs of Nobel Prize laureate James Tobin, who first made his proposal for the flat tax on currency transactions in the early 1970s when U.S. President Richard Nixon ended the dollar's convertibility to gold and effectively brought an end to the global currency system that had prevailed since World War II.Tobin said at the time that the tax would help limit instability arising from a world of floating exchange rates.Financial transaction taxes, appropriately designed, can not only raise substantial revenue but also enhance stability by discouraging destabilizing trading that serves little economic purpose,Re-Define's Kapoor said.

DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.

JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.

REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.

EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.

REVELATION 13:16-18
16 And he(FALSE POPE) causeth all,(WORLD SOCIALISM) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(CHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM

WORLD MARKET RESULTS
http://money.cnn.com/data/world_markets/
CNBC VIDEOS
http://www.cnbc.com/id/15839263/?tabid=15839796&tabheader=false

HALF HOUR DOW RESULTS THU SEPTEMBER 29,2011

09:30 AM +3.25
10:00 AM +237.23
10:30 AM +205.33
11:00 AM +116.52
11:30 AM +169.10
12:00 PM +174.94
12:30 PM +179.11
01:00 PM +145.66
01:30 PM +104.11
02:00 PM +29.10
02:30 PM +35.11
03:00 PM +77.16
03:30 PM +88.00
04:00 PM +143.08 11,153.98

S&P 500 1150.40 +9.34

NASDAQ 2480.76 -10.87

GOLD 1,621.00 +2.90

OIL 82.73 +1.92

TSE 300 11,686.30 +100.40

CDNX 1482.22 -20.46

S&P/TSX/60 670.64 +8.43

MORNING,NEWS,STATS

YEAR TO DATE PERFORMANCE
Dow +191 points at 4 minutes of trading today.
Dow +1 points at low today.
Dow +237 points at high today so far.
GOLD opens at $1,624.00.OIL opens at $83.16 today.

AFTERNOON,NEWS,STATS
Dow +1 points at low today so far.
Dow +237 points at high today so far.

WRAPUP,NEWS,STATS
Dow +1 points at low today.
Dow +237 points at high today.

GOLD ALLTIME HIGH $1,902.60 (NOT AT CLOSE)

I NOTICED THE WAY THE GERMAN MPS VOTE IS WITH A DEBIT CARD AND THEY THROW IT IN WHAT CONTAINER THEY WANT THERE VOTE.ON THE TV CLIP IT SHOWED MPS THROWING THESE WHAT LOOK LIKE DEBIT CARDS INTO A SLOT IN A CAN.THE GERMANS MUST VOTE ON A COMPUTER,THEIR VOTE IS TRANSFERRED ONTO A DEBIT CARD AND THEN THE MPS PUT THEIR CARD IN WHATEVER CAN THEY VOTE FOR YES OR NO.I HAVE NEVER SEEN A VOTING SYSTEM LIKE THIS BEFORE.
http://video.cnbc.com/gallery/?video=3000048438
NOTICE WHAT LOOKS LIKE DEBIT CARDS BEEN THROWN IN A CAN THE MPS VOTES IN THE VIDEO


German MPs back euro crisis powers ReutersBy Stephen Brown and Madeline Chambers | Reuters – SEPT 29,11

BERLIN (Reuters) - Germany's parliament approved new powers for the euro zone's crisis fund on Thursday but it was not clear if Angela Merkel got enough votes from her coalition to silence rebels worried about funding a series of bailouts of countries like Greece.Support from the opposition meant there had been no doubt Germany would okay new powers for the European Financial Stability Facility (EFSF), which some countries like Finland have ratified but others, including Slovakia, are disputing.The Bundestag's (lower house of parliament) deputy speaker Wolfgang Thierse said 523 lawmakers had voted for the bill, 85 against with only three had abstentions.If a breakdown of votes expected take up to an hour more shows the bill only got through thanks to the center-left opposition, it would undermine the conservative chancellor's ability to pilot fresh measures to combat the euro crisis.

Merkel had tried to assure her coalition that taxpayers' money would not be wasted by supporting bailout measures -- but she could not rule out that the money might be written off if, as financial markets increasingly fear, Greece defaults.Germany will shoulder up to 211 billion euros of the fund's 440 billion euros worth of guarantees, but critics fear it is already clear this will not be enough and taxpayers will be asked for more.That impression was reinforced by talk at the International Monetary Fund last weekend of the need to beef up the EFSF even more -- on top of the extra powers decided by European leaders in July -- by leveraging its capital and bring forward the permanent scheme supposed to replace it in mid-2013.Finance Minister Wolfgang Schaeuble told the Bundestag (lower house of parliament) in a fiery debate before the vote it was indecent to speculate at this point about Germany being asked to contribute more to the EFSF.We're borrowing money from our children to put in a showcase and it is money that we don't have, said one rebel in Merkel's Christian Democratic Union (CDU), Klaus-Peter Willsch.

RESCUE THE EURO OR THE FDP

Merkel is often accused in Europe and at home of dithering on the euro crisis and if she did not win the EFSF vote on her own terms, it would damage her hopes of taking the conservative bloc she has led for 11 years into the next elections in 2013.
International auditors return to Athens on Thursday to deliver their verdict on whether Greece's tougher austerity measures qualify for further aid.The chancellor has told Greece she wants to wait for the results of an audit by the troika of the European Union, European Central Bank and IMF to see whether its findings tell us we will have to renegotiate or not.Such talk by Merkel and other German officials may refer to raising the level of private creditor involvement in the Greek bailout, by getting them to accept bigger potential losses -- or haircuts -- on their Greek sovereign bond investments.Senior coalition figures like Economy Minister Philipp Roesler, head of Merkel's Free Democrat (FDP) partners, have already said an orderly Greek default should not be taboo.With a core of naysayers in the CDU, its Bavarian allies the CSU and the FDP, the vote was being scrutinized to see how close Merkel got to a convincing 311 yes votes from her own bloc in the 620-seat Bundestag.If there are more than 19 rebels, Merkel will have passed the EFSF thanks to the center-left opposition and may have to rethink how to address growing discontent among her supporters and the population at large about the euro zone debt crisis.

Sentiment remains divided. Even though labor unions called on MPs to back the measure, the conservatives' Mittelstand small business alliance had urged MPs to vote no.The opposition Social Democrats (SPD) and Greens have won a run of state elections this year and, with two more votes in coming months on the second Greek bailout and a permanent mechanism to succeed the EFSF, portray themselves as defenders of the single currency.With the FDP's popularity sliding to just 2 percent in some recent polls and state elections, and the party increasingly critical of euro zone bailouts, it often appears more of a liability than an asset for Merkel.In the end, the chancellor will have to decide: either she wants to rescue the euro or the FDP, said former SPD foreign minister Frank-Walter Steinmeier of the SPD to Bild newspaper.

Barroso attacks member states, US, banks
Today SEPT 28,11 @ 14:11 By Leigh Phillips


The president of the European Commission has mounted a blistering attack on the leadership of EU member states and the way they have attempted to solve what he called the greatest challenge Europe has faced in its history.In a tub-thumping speech to the European Parliament in Strasbourg pummelling the US, the Council of Ministers’ approach to the crisis and the financial industry, President Jose Manuel Barroso was repeatedly interrupted by loud applause from MEPs.We must be absolutely honest and clear in the analysis of the state of the Union, he said.We are now facing the greatest challenge our Union has ever seen, I believe in its history.He said that in the face of earthquakes that shake the international order, Europe is threatened by a crisis of confidence in our leaders in general, of Europe itself, our ability to find solutions, and warned of the danger of countries leaving the EU and the return of nationalism.Referencing the approaching centenary of the start of the First World War and the dark period that followed, Barroso lambasted what in EU and academic circles is known as intergovernentalism, or a form of European lawmaking that takes place essentially between government leaders and diplomats.The term may appear obscure to ordinary citizens, but since the earliest days of European integration more than five decades ago, the battle between intergovernmentalism and the so-called community method, which would rather privilege the powers of the European institutions and in particular the European Commission over those of national governments.The European Council and the Council of Minsters, which represent the member states is the home of this approach, a way of doing business that Barroso said could be the death of a united Europe.The reality today is that intergovernmental co-operation is not sufficient to get Europe out of this crisis, to give Europe a future. On the contrary, a intergovernmentalism may lead to the re-nationalization and fragmentation,he said.

He argued that it is no longer just the dream of supporters of a European federation - a much deeper level of integration than currently exists - but the markets that are demanding a unification of Europe.We must go further. We need to complete our monetary union with an economic union,he said.It was an illusion to think that we could have a common currency and a single market with national approaches to economic and budgetary policy. Let's avoid another illusion that we can have a common currency and a single market with an intergovernmental approach.The parliament on Wednesday voted in favour of a far-reaching package of six pieces of legislation that the president last year called a silent revolution in European integration. But even as this legislation is set to be enacted, Barroso said Europe needs to go further, and that the commission will be unveiling proposals on deeper economic centralisation in the coming weeks.He championed the commission as the hero of the piece, the economic government of the Union.We need more than ever the independent authority of the commission, which proposes and assesses actions that the member states should take, he continued. Governments, let's be frank, cannot do this by themselves. Nor can this be done by negotiations between governments.The commission is the guarantor of fairness.The president said that it may be necessary to change the EU treaties and abolish unanimous decision-making in the bloc entirely.

It may be necessary to consider further changes to the treaty, he said.I am also thinking particularly of the constraint of unanimity. The pace of our joint endeavour cannot be dictated by the slowest.Today we have a Union where it is the slowest member that dictates the speed of all the other member states ... A member state does not have the right to block the moves of others, the others also have their national sovereignty and if they want to go further, they should go further.He also announced a series of specific measures that the bloc needed to take to solve the ongoing sovereign debt crisis, including the need for a strengthening of mechanisms for crisis resolution with credible firepower and effective firewalls for the euro - hinting at the massive expansion of the bloc’s rescue resources into the trillions of euros, a plan understood to be currently in the works.Barroso called for an acceleration into force of the European Stability Mechanism, the replacement for the current rescue fund scheduled to go online in 2013.As already trailed, he also said that Brussels will present options in the next few weeks for stability bonds, a twist on the calls for from many quarters for eurobonds, or the issuance of debt at the European level. The move is steadfastly opposed by Germany, which fears a rise in its borrowing costs were such a mechanism to materialise.The commission will as well unveil proposals before the end of the year on new rules for credit rating agencies, bank resolution and personal responsibility of financial operatives.

He moved on from his skewering of European capitals to censure foreign governments for their criticisms in recent weeks of Europe’s ability to manage its crisis. US President Barack Obama and US treasury secretary Timothy Geithner have repeatedly pummeled the EU for its dithering.I feel hurt when I see some in other parts of the world, the patronising way they say to us Europeans, what we need to do. I think frankly that we have problems, very serious problems, but I think we do not have to apologise for our democracies. We need not apologise for our social market economy, he said, in a veiled reference to the American criticisms.He called on national EU governments to find in themselves a burst of pride to be European, a burst of dignity and to say our partners Thanks for your advice, but we can all overcome this crisis. I have this pride in being European.The conservative politician renowned for his youth in revolutionary Portugal as a far-left firebrand, rounded out his barbs by laying into the banking sector, using the occasion to announce that the commission had on Wednesday adopted a proposal for a tax on financial transactions, a plan bitterly opposed by the UK.In the last three years, member states - I should say taxpayers - have granted aid and provided guarantees of €4.6 trillion to the financial sector. It is time for the financial sector to make a contribution back to society, adding that in some member states they do pay their fair share.It is a question of fairness. If our farmers, if our workers, if all the sectors of the economy from industry to agriculture to services, if they all pay a contribution to the society also the banking sector should make a contribution to the society.
Calling the current crisis a trial by fire for our entire generation, he said that Europe nevertheless does have a future.Some say it is very difficult, it is not possible. Here I recall the words of a great man, a great African, Nelson Mandela: It always seems impossible, until it is done. Let's do it.. We can do it with confidence, we can do - the renewal of our Europe.

The European Union in crisis; Will it survive?
APBy DON MELVIN - Associated Press | AP – SEPT 28,11


BRUSSELS (AP) — Until recently, the idea that the 27-nation European Union might disintegrate would have been unthinkable, for uniting a continent ripped apart by two World Wars was considered a rousing diplomatic success.But the EU's two most cherished achievements — a common currency and the free movement of people across borders — are under threat. And the possibility that the decades-long experiment that is the EU might not survive in its present form has now entered mainstream debate.The Polish finance minister, Jacek Rostowski, has raised the prospect that the EU might split apart. German Chancellor Angela Merkel said if its common currency, the euro, failed, so too would Europe itself. And experts say the euro's stability is by no means assured: George Osborne, the British chancellor, has said that only a few weeks remain to save it.On Wednesday, Jose Manuel Barroso, the president of the European Commission, the EU's executive arm, described the state of the union in unusually stark terms. The EU, he said, was facing the biggest challenge since its creation.We're in a crucial moment in history, he said.If we do not move forward with more unification, we will suffer more fragmentation.None of these officials is predicting the EU's demise. But it is a measure of the gravity of situation that they are discussing the possibility at all.Since the 1950s, the strengthening of European integration had seem slow and fitful, but also inexorable. In 1951, six countries formed the European Coal and Steel Community. In 1957, they established the European Economic Community.In 1985, the Schengen Agreement was signed with the aim of abolishing checks at the borders between member countries. In 2002, the switch from national currencies to the euro went off without a hitch — and 17 nations now share the common currency.Over time, the EU has grown from six countries to 27, and currently it is home to more than 500 million people.

The challenge now is how to manage a currency that covers 17 countries, and a borderless travel area of 25 — including some nations outside the EU — without strong central governance. As the EU is currently run, decisions must be approved unanimously, meaning a single country can block action.That's why Finland can throw a wrench into the Greek bailout negotiations and why the Netherlands has been able to block Serbian entrance into the group.Without clearer rules, the EU will have to dramatically scale back its ambitions, says Karel Lannoo, the head of the Brussels-based Center for European Policy Studies.It needs to be much more consistent in the way it works as a federal structure, he said Wednesday, citing the U.S. model where the hierarchy between states and the federal government is well-defined.As it is, he said, some EU countries simply do not accept rules they do not like.That same point was made by Barroso in his state of the union speech Wednesday to the European Parliament in Strasbourg, France, when he pleaded for stronger central governance and decried the constraint of unanimity.The pace of our joint endeavor cannot be dictated by the slowest, he said.These constraints have meant that European officials have consistently reacted more slowly and less decisively to the euro crisis than financial markets would have liked, exacerbating the situation and throwing the future of the euro in doubt. And when countries did not follow EU rules on budget deficits, contributing to the euro debt crisis, no federal structure sanctioned them.Lannoo, the policy analyst, said he was rather pessimistic about the survival of the euro. But he does not agree that the collapse of the euro would mean the collapse of the European Union. It could continue, he says, maybe with fewer members as a free trade zone with common rules but no common currency.Paul de Grauwe, an economics professor and EU expert at the Catholic University of Leuven in Belgium, says the EU faces a stark choice.

One road is more integration to save the project, to save the Schengen zone and the monetary union, de Grauwe said.But there is a lot of opposition. It's also possible that we take the other road, no further integration, and then we risk the collapse of these two experiments.British Foreign Secretary William Hague of the Conservative party, a longtime Euro-skeptic, says the euro was doomed from the start. Britain, which united with other European nations in 1973, never did join the euro and has no plans to now.It was folly to create this system, it will be written about for centuries as a kind of historical monument to collective folly. But it's there and we have to deal with it, Hague was quoted as saying Wednesday in The Spectator magazine.I described the euro as a burning building with no exits and so it has proved for some of the countries in it, he said.The European Union was created out of the ashes of World War II: Its initial goal was to use economic integration to prevent Europe from ever going to war with itself again. By that measure it has succeeded admirably — and for that reason, some politicians greatly fear its demise.

The game is not only about the well-being of this generation or the next generation, but is goes without saying we're also fighting for the safety of this and future generations, said Rostowski, the Polish finance minister. It is difficult to imagine Europe to be as safe as it is now without the European Union.But Barroso, having first raised the specter of fragmentation, told lawmakers he was confident that Europe would summon the political will to survive.I tell you, yes, it is possible to get out of this crisis,he said.Not only is it possible, it's necessary.David Stringer contributed from London.Don Melvin can be reached at http://twitter.com/Don_Melvin

STORMS HURRICANES-TORNADOES

LUKE 21:25-26
25 And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity;(MASS CONFUSION) the sea and the waves roaring;(FIERCE WINDS)
26 Men’s hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken.

THE FIRST JUDGEMENT OF THE EARTH STARTED WITH WATER-IT ONLY MAKES SENSE THE LAST GENERATION WILL BE HAVING FLOODING
GENESIS 7:6-12
6 And Noah was six hundred years old when the flood of waters was upon the earth.
7 And Noah went in, and his sons, and his wife, and his sons’ wives with him, into the ark, because of the waters of the flood.
8 Of clean beasts, and of beasts that are not clean, and of fowls, and of every thing that creepeth upon the earth,
9 There went in two and two unto Noah into the ark, the male and the female, as God had commanded Noah.
10 And it came to pass after seven days, that the waters of the flood were upon the earth.
11 In the six hundredth year of Noah’s life, in the second month, the seventeenth day of the month, the same day were all the fountains of the great deep broken up, and the windows of heaven were opened.
12 And the rain was upon the earth forty days and forty nights.
GOD PROMISED BY A RAINBOW-THE EARTH WOULD NEVER BE DESTROYED TOTALLY WITH A FLOOD AGAIN.BUT FLOODIING IS A SIGN OF JUDGEMENT.

Philippines repairs after typhoon kills 21 AP By HRVOJE HRANJSKI and JIM GOMEZ, Associated Press – Wed Sep 28, 8:07 am ET

MANILA, Philippines – Forecasters sounded alarms over a new storm headed for the Philippines Wednesday, even as workers repaired seawalls demolished by a typhoon that killed at least 21 people and left scores stranded in swamped communities.
Typhoon Nesat also left 35 people missing and brought some of downtown Manila's worst flooding in decades before blowing out of the northern Philippines early Wednesday toward southern China with winds of 75 mph (120 kph).Floodwaters were receding in most places, but many low-lying communities in the north remained in crisis.Mayor Santiago Austria of the rice-farming town of Jaen in Nueva Ecija province appealed to the government for help, saying many people in his community of 63,000 needed to be rescued but that officials there had only four rescue boats.

Many people here are still on top of their houses. We don't have enough boats to reach them and hand them food, Austria said.Civil Defense Office chief Benito Ramos said army troops were on their way to assist Jaen.The town of Obando, north of Manila, remained under waist-high water and officials had not yet been able to check on reports of houses swept away on two nearby islands where thousands of residents live, Mayor Orencio Gabriel said.In all, 320,000 people were affected by the storm, with 73,000 in evacuation centers and about 100 still stranded, officials said.
Meanwhile, a fresh tropical storm was brewing in the Pacific, government forecaster Bobby Javier said, adding that it already had sustained winds of 52 mph (85 kph) and gusts up to 62 mph (100 kph) and was expected to strengthen significantly before hitting major parts of the country in the next few days.Ramos said disaster agencies were being kept on full alert because of the new storm.In Manila, hundreds of workers used cranes to lay sandbags where parts of a downtown seawall were ripped off by the typhoon's huge waves and fierce winds. Residents made repairs to nearly 5,000 houses damaged in the storm.Scavengers rummaged through household items carried by the floodwaters — footwear, a basketball, a child's school bag, a hunter's hat. Mar Depas, 28, said he collected about a dozen fairly new leather shoes and sandals but was disappointed that they didn't match.I can't find their pairs. They're useless, Depas said.I came late ... most of the better recyclable stuff is gone.Typhoon Nesat had unleashed torrents of floodwaters Tuesday that swamped Manila's downtown areas, rapidly engulfing hotels, a hospital, the U.S. Embassy, business offices and several blocks of residential areas in waist-deep floodwaters.Power was gradually restored Wednesday to Manila's downtown area, which strewn with trash and fallen bamboo pieces washed ashore by storm surges. City trains resumed operations.Associated Press writer Oliver Teves contributed to this report.

New Forecast: Sun's Superstorms' Could Doom Satellites SPACE.com Charles Q. Choi, SPACE.com Contributor Space.com – Wed Sep 28, 12:00 pm ET

Magnetic storms set off by the sun could pose a bigger threat than thought to weather, communication, military and other satellites close to Earth, with a potentially devastating economic impact, scientists suggest.In the new study, researchers found that solar radiation can energize a belt of high-energy particles that surrounds Earth more dramatically than previously believed.The study focused on the possible effects of a particularly strong magnetic storm on the Van Allen radiation belts, the dangerous rings of high-energy particles that girdle the Earth. The belts are split into two distinct zones. The outer belt, which is made up of electrons, reaches from about 15,800 to 31,600 miles (25,500 to 51,000 kilometers) above the surface, while the inner belt, which consists of a mix of electrons and protons, reaches from about 4,000 to 8,000 miles (6,400 to 12,800 km) above. [Stunning Photos of Solar Flares & Sun Storms]Scientists had known the outer belt could become far more intense during geomagnetic storms caused by high-energy particles spewed by the sun, such as the storm that supercharged Earth's northern lights display Monday night (Sept. 26). However, they have long thought such storms do not affect the inner belt.Now computer simulations suggest that during a superstorm — which has occurred in the past and is likely to recur in the future ? the electrons in the inner belt, too, could become energized. Near-Earth radiation could then remain dramatically more intense for several years afterward.

The increase in radiation in the inner zone may last for up to a decade and continue damaging satellites for years after a very strong storm, study lead author Yuri Shprits, a space physicist at the University of California, Los Angeles, told SPACE.com.This radiation would damage satellites in that zone and potentially cut their lifetimes by five-sixths or more. [Related: Space Radiation to Rise for Astronauts, Airline Passengers]It would not destroy all satellites at once, Shprits said. However, at least according to our calculations, a very strong storm can increase the radiation dose in the inner zone by a factor of 10, and within a few years we may lose a significant portion of the satellites that traverse the inner zone.In terms of new strategies that might be needed to protect satellite systems, it's hard to say, Shprits said. First of all, we need to estimate risks and estimate cost. If cost is too high, we may want to accept the risks and start getting ready to replenish the fleet in the case of such event.There are a number of rather expensive strategies that can be used to mitigate the risk, including redundancy in electronics and increased shielding, he added.Zero risk means infinite cost.Two missions to study the radiation belts are planned for 2012, Shprits noted: NASA's Radiation Belt Storm Probe will observe radiation belts in the equatorial plane, while Moscow State University's LOMONOSOV mission, with UCLA-built instruments on board, will observe radiation belts at low altitudes.The scientists detailed their findings online in the Aug. 25 issue of the journal Space Weather.Follow SPACE.com contributor Charles Q. Choi on Twitter @cqchoi. Follow SPACE.com for the latest in space science and exploration news on Twitter @Spacedotcom and on Facebook.

Stocks drop, led by commodities on economic fear
ReutersBy Edward Krudy | Reuters – SEPT 28,11


NEW YORK (Reuters) - Commodity-related stocks drove Wall Street lower on Wednesday as stiff declines in energy and metals prices underscored investor concerns about global economic weakness and Europe's raging debt crisis.A sharp 7 percent dive in the price of copper, seen as a leading indicator for the economy, rattled investors and led to a drop of 4.5 percent in the S&P materials index. Freeport-McMoRan Copper & Gold Inc fell 7.3 percent to $32.29.Investors were on a knife edge as inspectors from the EU and IMF headed to Greece to scrutinize austerity plans while German Chancellor Angela Merkel worked to defuse a revolt within her government ahead of a vote to expand Europe's bailout fund on Thursday.Wednesday's declines put the S&P 500 on course for its worst quarter since the high noon of the financial crisis in the fourth quarter of 2008. The drop also illustrates how sensitive the market has become to news on Europe's troubles.There is certainly a lot of headline risk and a lot of weak hands that hold stocks after this big rally we've had in the last three days, said Robert Francello, head of equity trading for Apex Capital, a hedge fund in San Francisco.Traders who have either gotten long during the rally or covered their shorts are probably going just to flatten themselves out, either taking profits or getting out of the market,he said.Brent crude resumed its downward trend, falling more than $3 in afternoon trade, sending an S&P index of energy stocks down 3 percent. Chevron fell 1.9 percent to $91.74.News early in the afternoon that bans on short-selling stocks in France, Italy and Spain have been extended highlighted the regulatory risk faced by investors and increased selling pressure.The Dow Jones industrial average dropped 179.79 points, or 1.61 percent, to 11,010.90. The Standard & Poor's 500 Index dropped 24.32 points, or 2.07 percent, to 1,151.06. The Nasdaq Composite Index dropped 55.25 points, or 2.17 percent, to 2,491.58.

Traders said volume would likely be light and market movements accentuated during the rest of the quarter due to the Jewish New Year holiday of Rosh Hashanah.So far, the S&P 500 has fallen 12.8 percent this quarter, its worst decline since the fourth quarter of 2008 when it fell 22.6 percent.In the commodities sector, Cliffs Natural Resources Inc sank 8.4 percent to $55.66. Gold prices fell more than 2 percent.It's fear of a global slowdown, said Wayne Kaufman, chief market analyst at John Thomas Financial in New York.It's a pure flight to safety into the dollar here, and that's killing commodities.A push to solidify a euro-zone rescue fund and alleviate the region's sovereign debt crisis lifted stocks on Tuesday for a third consecutive session, following four straight days of losses for the benchmark S&P 500. The S&P gained more than 4 percent over that three-day period.Amazon.com Inc gained 2.5 percent to $229.71 after it unveiled a new tablet computer with a $199 price tag. Apple Inc, which makes the popular iPad tablet, fell 0.6 percent to $397.01.
Microsoft Corp dipped 0.4 percent to $25.58 after Samsung Electronics Co Ltd unveiled software pacts with the company.In earnings news, Jabil Circuit Inc advanced 8.2 percent to $18.81 a day after reporting fourth-quarter earnings that beat expectations, while Family Dollar Stores Inc fell 1.6 percent to $53.31 after its results.In economic news, orders for long-lasting U.S. manufactured goods slipped in August on weak demand for motor vehicles, but a rebound in a gauge of business spending suggested the economy would avoid another recession.About five stocks fell for every one that rose on both the New York Stock Exchange and the Nasdaq. About 7.96 billion shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq, in line with this year's average.(Reporting by Edward Krudy; Additional reporting by Caroline Valetkevitch; Editing by Jan Paschal)

Bernanke says Fed would act if inflation falls
ReutersBy Kim Palmer | Reuters – SEPT 28,11


CLEVELAND (Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday the central bank might need to ease monetary policy further if inflation or inflation expectations fall significantly.In his first public remarks since the Fed launched a fresh measured aimed at keeping down long-term borrowing costs, Bernanke indicated a willingness to push deeper into the realm of unconventional policy if economic growth remains anemic.It is something that we're going to be watching very carefully, Bernanke said in response to questions from the audience at a forum sponsored by the Cleveland Fed.If inflation falls too low or inflation expectations fall too low, that would be something we have to respond to because we do not want deflation, Bernanke said.The comment was made in response to a question about a recent decline in market-based inflation expectations, which policymakers see as a good gauge of future inflation trends.The gap between yields on 10-year Treasury notes and their inflation-protected counterparts fell to 1.70 percent last week, the lowest since September 2010. It has edged up slightly since then and last stood at 1.86 percent.In an effort to stanch the deepest recession in generations and help the recovery, the Fed not only slashed benchmark interest rates to effectively zero, but also more than tripled its balance sheet to around $2.9 trillion.Despite these measures, growth has remained quite soft, averaging less than 1 percent on an annual basis in the first half of the year. Bernanke signaled he remains concerned about risks to the economy, which the Fed described as significant in its September policy statement.We have a lot of problems both in terms of recovery and in terms of longer-term growth, he said.

A TWIST ON HOUSING

Last week, the Fed said it will sell $400 billion in short-term Treasury securities and invest them into longer-dated ones to try to put downward pressure on borrowing costs over a longer period.Investors have dubbed the program Operation Twist after a similar measure undertaken by the Fed in the 1960s. The central bank will also renew its help to the housing finance sector by reinvesting maturing mortgage bonds in its portfolio back into that market.Bernanke called for the U.S. government to beef up its assistance to the ailing housing sector, the epicenter of the 2008 financial meltdown.Some strong housing policies to help the housing market recovery would clearly be very useful and would allow the monetary policy actions of the Fed ... to have more effect and to help the economy recovery more strongly, Bernanke said.

Asked about the fate of fallen mortgage giants Fannie Mae and Freddie Mac, Bernanke reiterated his view that the mortgage market remains too weak to allow the government to try to privatize the government-sponsored entities.The Fed's latest monetary easing did not have unanimous support within the Federal Open Market Committee, which sets monetary policy.Three regional central bank presidents dissented against the move. Kansas City Fed President Thomas Hoenig, who does not have a vote on the committee this year but has been a vocal opponent of the Fed's unconventional policies, took a parting shot at the central bank's actions on Wednesday.When you encourage consumption by inhibiting your interest rates from rising to their equilibrium level, you will in fact buy problems, and we have, in fact, bought problems,said Hoenig, who is due to retire on October 1, in his last speech in office.(Reporting by Kim Palmer, Pedro da Costa and David Lawder in Washington; Editing by Padraic Cassidy)

MUSLIM NATIONS

EZEKIEL 38:1-12
1 And the word of the LORD came unto me, saying,
2 Son of man, set thy face against Gog,(RULER) the land of Magog,(RUSSIA) the chief prince of Meshech(MOSCOW)and Tubal,(TOBOLSK) and prophesy against him,
3 And say, Thus saith the Lord GOD; Behold, I am against thee, O Gog, the chief prince of Meshech(MOSCOW) and Tubal:
4 And I will turn thee back, and put hooks into thy jaws,(GOD FORCES THE RUSSIA-MUSLIMS TO MARCH) and I will bring thee forth, and all thine army, horses and horsemen, all of them clothed with all sorts of armour, even a great company with bucklers and shields, all of them handling swords:
5 Persia,(IRAN,IRAQ) Ethiopia, and Libya with them; all of them with shield and helmet:
6 Gomer,(GERMANY) and all his bands; the house of Togarmah (TURKEY)of the north quarters, and all his bands:(SUDAN,AFRICA) and many people with thee.
7 Be thou prepared, and prepare for thyself, thou, and all thy company that are assembled unto thee, and be thou a guard unto them.
8 After many days thou shalt be visited: in the latter years thou shalt come into the land that is brought back from the sword, and is gathered out of many people, against the mountains of Israel, which have been always waste: but it is brought forth out of the nations, and they shall dwell safely all of them.
9 Thou shalt ascend and come like a storm, thou shalt be like a cloud to cover the land, thou, and all thy bands, and many people with thee.(RUSSIA-EGYPT AND MUSLIMS)
10 Thus saith the Lord GOD; It shall also come to pass, that at the same time shall things come into thy mind, and thou shalt think an evil thought:
11 And thou shalt say, I will go up to the land of unwalled villages; I will go to them that are at rest, that dwell safely, all of them dwelling without walls, and having neither bars nor gates,
12 To take a spoil, and to take a prey; to turn thine hand upon the desolate places that are now inhabited, and upon the people that are gathered out of the nations, which have gotten cattle and goods, that dwell in the midst of the land.

ISAIAH 17:1
1 The burden of Damascus. Behold, Damascus is taken away from being a city, and it shall be a ruinous heap.

PSALMS 83:3-7
3 They (ARABS,MUSLIMS) have taken crafty counsel against thy people,(ISRAEL) and consulted against thy hidden ones.
4 They have said, Come, and let us cut them off from being a nation; that the name of Israel may be no more in remembrance.
5 For they (MUSLIMS) have consulted together with one consent: they are confederate against thee:(TREATIES)
6 The tabernacles of Edom,(JORDAN) and the Ishmaelites;(ARABS) of Moab, PALESTINIANS,JORDAN) and the Hagarenes;(EGYPT)
7 Gebal,(HEZZBALLOH,LEBANON) and Ammon,(JORDAN) and Amalek;(SYRIA,ARABS,SINAI) the Philistines (PALESTINIANS) with the inhabitants of Tyre;(LEBANON)

DANIEL 11:40-43
40 And at the time of the end shall the king of the south( EGYPT) push at him:(EU DICTATOR IN ISRAEL) and the king of the north (RUSSIA AND MUSLIM HORDES OF EZEK 38+39) shall come against him like a whirlwind, with chariots, and with horsemen, and with many ships; and he shall enter into the countries, and shall overflow and pass over.
41 He shall enter also into the glorious land, and many countries shall be overthrown: but these shall escape out of his hand, even Edom, and Moab, and the chief of the children of Ammon.(JORDAN)
42 He shall stretch forth his hand also upon the countries: and the land of Egypt shall not escape.
43 But he shall have power over the treasures of gold and of silver, and over all the precious things of Egypt: and the Libyans and the Ethiopians shall be at his steps.

EZEKIEL 39:1-8
1 Therefore, thou son of man, prophesy against Gog,(LEADER OF RUSSIA) and say, Thus saith the Lord GOD; Behold, I am against thee, O Gog, the chief prince of Meshech (MOSCOW) and Tubal: (TUBOLSK)
2 And I will turn thee back, and leave but the sixth part of thee, and will cause thee to come up from the north parts,(RUSSIA) and will bring thee upon the mountains of Israel:
3 And I will smite thy bow out of thy left hand, and will cause thine arrows to fall out of thy right hand.
4 Thou shalt fall upon the mountains of Israel, thou, and all thy bands,( ARABS) and the people that is with thee: I will give thee unto the ravenous birds of every sort, and to the beasts of the field to be devoured.
5 Thou shalt fall upon the open field: for I have spoken it, saith the Lord GOD.
6 And I will send a fire on Magog,(NUCLEAR BOMB) and among them that dwell carelessly in the isles: and they shall know that I am the LORD.
7 So will I make my holy name known in the midst of my people Israel; and I will not let them pollute my holy name any more: and the heathen shall know that I am the LORD, the Holy One in Israel.
8 Behold, it is come, and it is done, saith the Lord GOD; this is the day whereof I have spoken.

JOEL 2:3,20,30-31
3 A fire(NUCLEAR BOMB) devoureth before them;(RUSSIA-ARABS) and behind them a flame burneth: the land is as the garden of Eden before them, and behind them a desolate wilderness; yea, and nothing shall escape them.
20 But I will remove far off from you the northern army,(RUSSIA,MUSLIMS) and will drive him into a land barren and desolate, with his face toward the east sea, and his hinder part toward the utmost sea, and his stink shall come up, and his ill savour shall come up, because he hath done great things.(SIBERIAN DESERT)
30 And I will shew wonders in the heavens and in the earth, blood, and fire, and pillars of smoke.(NUCLEAR BOMB)
31 The sun shall be turned into darkness, and the moon into blood, before the great and the terrible day of the LORD come.

Muslim Brotherhood-led bloc threatens Egypt vote boycott AFPAFP – SEPT 28,11

An electoral coalition led by the Muslim Brotherhood threatened late Wednesday to boycott November's legislative elections in Egypt if the electoral law is not amended.In a statement, the bloc objected to Article Five of the electoral law, which bans political parties from running in a third of the seats in parliament, which are reserved for independent candidates.We refuse to take part in elections if Article Five of the electoral law is not cancelled, said the statement.It was published in the name of the Democratic Coalition which, as well as the Muslim Brotherhood, includes the Freedom and Justice Party, an offshoot of the Brotherhood, and the liberal al-Waf party.Egypt's interim military rulers announced on Tuesday that the first stage of parliamentary elections, the first since the uprising that toppled Hosni Mubarak, would be held on November 28.But in an amendment to the electoral law, it said two-thirds of parliament would be elected through a party list under the proportional representation system.The rest would be elected through a simple majority -- but only independent candidates would be eligible to run for them.Under the old system, hundreds of candidates ran as independents if they did not make on to Mubarak's National Democratic Party lists, only to join the party after winning seats.But Article Five of the new electoral law specifically forbids those elected as independents from joining a parliamentary bloc once elected -- on pain of losing their seats.More than two dozen political parties have already rejected the law, objecting that it could help return old regime figures to parliament.They have called for a pure proportional representation system and the activation of a law that would ban corrupt politicians from running for office.

Cantaloupe outbreak is deadliest in a decade
APBy MARY CLARE JALONICK - Associated Press | AP – SEPT 29,11


WASHINGTON (AP) — Health officials say as many as 16 people have died from possible listeria illnesses traced to Colorado cantaloupes, the deadliest food outbreak in more than a decade.The Centers for Disease Control and Prevention said Tuesday that 72 illnesses, including 13 deaths, are linked to the tainted fruit. State and local officials say they are investigating three additional deaths that may be connected.
The death toll released by the CDC Tuesday — including newly confirmed deaths in Kansas, Missouri, Nebraska and Texas — surpassed the number of deaths linked to an outbreak of salmonella in peanuts almost three years ago. Nine people died in that outbreak.

Related: Timeline of listeria outbreaks

The CDC said Tuesday that they have confirmed two deaths in Texas and one death each in in Kansas, Missouri and Nebraska. Last week the CDC reported two deaths in Colorado, four deaths in New Mexico, one in Oklahoma and one in Maryland.New Mexico officials said Tuesday they are investigating a fifth death, while health authorities in Kansas and Wyoming said they too are investigating additional deaths possibly linked to the tainted fruit.Listeria is more deadly than well-known pathogens like salmonella and E. coli, though those outbreaks generally cause many more illnesses. Twenty-one people died in an outbreak of listeria poisoning in 1998 traced to contaminated hot dogs and possibly deli meats made by Bil Mar Foods, a subsidiary of Sara Lee Corp. Another large listeria outbreak in 1985 killed 52 people and was linked to Mexican-style soft cheese.Listeria generally only sickens the elderly, pregnant women and others with compromised immune systems. The CDC said the median age of those sickened is 78 and that one in five who contract the disease can die.Dr. Robert Tauxe of the CDC says the number of illnesses and deaths will probably grow in coming weeks because the symptoms of listeria don't always show up right away. It can take four weeks or more for a person to fall ill after eating food contaminated with listeria.That long incubation period is a real problem, Tauxe said. People who ate a contaminated food two weeks ago or even a week ago could still be falling sick weeks later.CDC reported the 72 illnesses and deaths in 18 states. Cases of listeria were reported in California, Colorado, Florida, Illinois, Indiana, Kansas, Maryland, Missouri, Montana, Nebraska, New Mexico, North Dakota, Oklahoma, Texas, Virginia, West Virginia, Wisconsin, and Wyoming. The most illnesses were reported in Colorado, which has seen 15 sickened. Fourteen illnesses were reported in Texas, 10 in New Mexico and eight in Oklahoma.

The outbreak has been traced to Jensen Farms in Holly, Colo., which recalled the tainted cantaloupes earlier this month. The Food and Drug Administration said state health officials had found listeria in cantaloupes taken from grocery stores in the state and from a victim's home that were grown at Jensen Farms. Matching strains of the disease were found on equipment and cantaloupe samples at Jensen Farms' packing facility in Granada, Colo.FDA, which investigates the cause of foodborne outbreaks, has not released any additional details on how the contamination may have happened. The agency says its investigation is ongoing.The Rocky Ford-brand cantaloupes from Jensen Farms were shipped from July 29 through Sept. 10 to Arkansas, Arizona, California, Colorado, Idaho, Illinois, Kansas, Minnesota, Missouri, Montana, Nebraska, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Tennessee, Texas, Utah, Virginia, and Wyoming.

The recalled cantaloupe may be labeled Colorado Grown,Distributed by Frontera Produce,Jensenfarms.com or Sweet Rocky Fords. Not all of the recalled cantaloupes are labeled with a sticker, the FDA said.Unlike many pathogens, listeria bacteria can grow at room temperatures and even refrigerator temperatures. The FDA and CDC recommend anyone who may have one of the contaminated cantaloupes throw it out immediately and clean and sanitize any surfaces it may have touched.About 800 cases of listeria are found in the United States each year, according to CDC, and there usually are three or four outbreaks. Most of these are traced to deli meat and soft cheeses, where listeria is most common.Produce has rarely been the culprit, but federal investigators say they have seen more produce-related listeria illnesses in the past two years. It was found in sprouts in 2009 and celery in 2010.While most healthy adults can consume listeria with no ill effects, it can kill the elderly and those with compromised immune systems. It is also dangerous to pregnant women because it easily passes through to the fetus. Dr. Tauxe of the CDC said the type of listeria linked to the cantaloupes is not one that is commonly associated with pregnancy-associated illnesses, however. State and federal health authorities have not definitively linked any miscarriages, stillbirths or infant illnesses to the current outbreak.Symptoms of listeria include fever and muscle aches, often with other gastrointestinal symptoms. Victims often become incapacitated and unable to speak.Debbie Frederick said her mother knew something was wrong when her father, 87-year-old William Thomas Beach, collapsed at his home in Mustang, Okla. and couldn't get up. He died a few days later, on Sept. 1. The family later learned his death was linked to eating the cantaloupe and sued Jensen Farms.First you just kind of go into shock, said Frederick.Then it settles in that he would still be alive if this hadn't happened. It's a life, for what? Associated Press writers Jamie Stengle in Dallas, Josh Funk in Omaha, Neb., Maria Sudekum Fisher in Kansas City, Mo., Susan Montoya in Albuquerque, N.M. and Ben Neary in Cheyenne, Wyo. contributed to this report.Online:CDC on cantaloupe outbreak: http://www.cdc.gov/nczved/divisions/dfbmd/diseases/listeriosis/092111.html
FDA on cantaloupe recall: http://www.fda.gov/Food/FoodSafety/CORENetwork/ucm272372.htm
Center for Science and the Public Interest, Super Safe Your Kitchen: http://www.cspinet.org/new/pdf/safekitchen.pdf
Find Mary Clare Jalonick on Twitter at http://twitter.com/MCJalonick

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