Flaherty said the search for the new governor was extremely thorough and sought candidates from around the world."It has taken us some time to get to this point," Flaherty said Thursday afternoon, saying the appointment and approvals process was followed "scrupulously".
Stephen Poloz will serve as Bank of Canada governor when Mark Carney leaves the post in June.Stephen Poloz will serve as Bank of Canada governor when Mark Carney leaves the post in June. (EDC)Flaherty said he is confident Poloz will perform with "distinction" as he guides the Bank of Canada for the next seven years.The selection came as a surprise — most analysts had predicted that Tiff Macklem, the central bank's senior deputy governor, would succeed current chief Mark Carney.Carney is set to leave June 1 for London, where he will serve as governor of the Bank of England, the first non-Briton to fill the role.Poloz, originally from Oshawa, Ont., studied at Queen's University and later received a master's degree and PhD in economics from the University of Western Ontario.Poloz has previous experience at the Bank of Canada — he joined the central bank in 1981 and worked there for 14 years, a statement released by the bank says.He left for EDC in 1999 and was later appointed president and CEO of Canada's export agency. 

ECB steps in, vows help 'as long as needed'

Today @ 09:07 MAY 3,13
Berlin - The European Central Bank on Thursday (2 May) lowered its key interest rate to a record low of 0.5 percent and vowed to take more action "if necessary", in a move aimed at alleviating recession and unemployment in the eurozone.The governing council comprising of central bank chiefs from all 17 euro countries had a "very very strong prevailing consensus towards an interest cut," ECB chief Mario Draghi said in a press conference.It is the first time in 10 months the key interest rate has been slashed, from 0.75 percent to a historic low of 0.5 percent.Draghi also signalled that the interest rate for parking money overnight at the ECB, currently kept at zero, may be slashed in the future, meaning banks would have to pay if they hold the money there instead of lending it to each other or to companies."We stand ready to act if needed," Draghi said in reference to potential negative interest rates.The Italian banker explained that the rate cut "should contribute to support prospects for a recovery later in the year" and vowed to keep an "accommodative" monetary policy "for as long as needed."With inflation having dropped to 1.2 percent in April, well below the two-percent threshold the ECB has to maintain, the governing council had no excuse to not lower the interest rate.But Draghi also said governments should not abandon structural reforms and continue shrinking their budget deficits."Furthermore, they should maintain the momentum towards a genuine economic and monetary union, including the swift implementation of the banking union," he said.Slow or "insufficient" reforms in the euro area can "dampen confidence and thereby delay the recovery," Draghi warned.His recipe for fighting the economic gloom while keeping lean budgets and not piling on more debt is to lower taxes: "Now that there is more time, there could be a shift towards reducing current government expenditure and lowering taxes."What governments should not do is to expect the ECB to "supplement" them for their lack of reforms or to clean up the balance sheets of troubled banks.Not everyone was happy with the rate cut. According to the Financial Times, German ECB board member Joerg Asmussen voted against the move. And Chancellor Angela Merkel last week said a rate cut may be in the interest of weaker economies in the eurozone, but Germany would need a rate increase, "because savings are currently losing value."Draghi downplayed her comment and said it merely reflects the difficult situation the ECB is in - making one policy for 17 different 17 countries."So, the monetary policy measures which can benefit some countries may not benefit others. Given the weakness that also extends to the core economies, we think it does benefit everybody," he said.German banks and insurance companies, meanwhile, have formed a "grand coalition for savers" against the ECB and its low interest rates, Sueddeutsche Zeitung reports."[German] depositors shouldn't be permanently drawn into solidarity payments for Europe without being asked," said the head of German Sparkassen association, Georg Fahrenschon.

FALSE TEACHERS,PROPHETS,DECIEVERS

2 CORINTHIANS 11:14
14  And no marvel; for Satan himself is transformed into an angel of light.

ISAIAH 14:12-14
12  How art thou fallen from heaven, O Lucifer,(SATAN) son of the morning!(HEBREW-CRECENT MOON-ISLAM) how art thou cut down to the ground, which didst weaken the nations!
13  For thou hast said in thine heart, I will ascend into heaven, I will exalt my throne above the stars of God: I will sit also upon the mount of the congregation, in the sides of the north:
14  I will ascend above the heights of the clouds; I will be like the most High.(AND 1/3RD OF THE ANGELS OF HEAVEN FELL WITH SATAN AND BECAME DEMONS)

JEREMIAH 14:14
14  Then the LORD said unto me, The prophets prophesy lies in my name: I sent them not, neither have I commanded them, neither spake unto them: they prophesy unto you a false vision and divination, and a thing of nought, and the deceit of their heart.

ACTS 20:29
29 For I know this, that after my departing shall grievous wolves enter in among you, not sparing the flock.

2 CORINTHIANS 6:14
14 Be ye not unequally yoked together with unbelievers: for what fellowship hath righteousness with unrighteousness? and what communion hath light with darkness?

2 CORINTHIANS 11:13
13 For such are false apostles, deceitful workers, transforming themselves into the apostles of Christ.

PHILLIPIANS 3:18
18 (For many walk, of whom I have told you often, and now tell you even weeping, that they are the enemies of the cross of Christ:

1 TIMOTHY 6:5
5 Perverse disputings of men of corrupt minds, and destitute of the truth, supposing that gain is godliness: from such withdraw thyself.

2 TIMOTHY 2:20
20 But in a great house there are not only vessels of gold and of silver, but also of wood and of earth; and some to honour, and some to dishonour.

2 PETER 2:1-2
1 But there were false prophets also among the people, even as there shall be false teachers among you, who privily shall bring in damnable heresies, even denying the Lord that bought them, and bring upon themselves swift destruction.
2 And many shall follow their pernicious ways; by reason of whom the way of truth shall be evil spoken of.

MARK 7:6
6 He answered and said unto them, Well hath Esaias prophesied of you hypocrites, as it is written, This people honoureth me with their lips, but their heart is far from me.

LUKE 16:15
15 And he said unto them, Ye are they which justify yourselves before men; but God knoweth your hearts: for that which is highly esteemed among men is abomination in the sight of God.

TITUS 1:16
16 They profess that they know God; but in works they deny him, being abominable, and disobedient, and unto every good work reprobate.

MATTHEW 24:4-5,11,24-25
4 And Jesus answered and said unto them, Take heed that no man deceive you.
5 For many (MILLIONS) shall come in my name,(JESUS-I AM) saying, I am Christ; and shall deceive many.(MILLIONS)(THIS IS DEFINATELY THE NEW AGE MOVEMENT)
11 And many false prophets shall rise, and shall deceive many.
24 For there shall arise false Christs, and false prophets, and shall shew great signs and wonders; insomuch that, if it were possible, they shall deceive the very elect.
25 Behold, I have told you before.(CALIFORNIA THE NEW AGE CAPITAL OF THE WORLD-SO NO WONDER SAN FRANSICO IS THE SODOMITE RAINBOW GROUPERS CAPITAL OF THE EARTH ALSO).

1 TIMOTHY 4:1-2
1 Now the Spirit speaketh expressly, that in the latter times some shall depart from the faith, giving heed to seducing spirits,(NEW AGE MOVEMENT) and doctrines of devils;
2 Speaking lies in hypocrisy; having their conscience seared with a hot iron;(NEW AGERS BELIEVE SATANS LIES OF NO SIN,POSSITIVE THINKING,PEACE,LOVE,JOY,UTOPIA)

MARK 13:22-23
22 For false Christs and false prophets shall rise, and shall shew signs and wonders, to seduce, if it were possible, even the elect.
23 But take ye heed: behold, I have foretold you all things.

2 TIMOTHY 3:13
13 But evil men and seducers shall wax worse and worse, deceiving, and being deceived.

DEUTORONOMY 18:10-12
10 There shall not be found among you any one that maketh his son or his daughter to pass through the fire,(OCCULT SACRIFICES) or that useth divination,(NEW AGER AND CRYSTALS ETC) divination n. The art or act of foretelling future events or revealing occult knowledge by means of augury or an alleged supernatural agency.) or an observer of times,(Meaning of observer. ... for sketching it. horoscope - Comes from Greek hora, hour, time, and skopos, observer.) or an enchanter,(The word enchant is derived from the Latin word incantare which refers to uttering an incantation or casting a spell). or a witch,(WITCH. Definition: [noun] a female sorcerer (SORCERY IN THE BIBLE IS DRUGS OR OCCULT ACTIVITY) or magician.)
11 Or a charmer,(charmer means a dealer in spells, especially one who, by binding certain knots, was supposed thereby to bind a curse or a blessing on its object.) or a consulter with familiar spirits,(function as mediums or psychics) or a wizard,(MALE WITCH-influence; a magical spell WITH WANDS) or a necromancer.(one seeking unto the dead.)
12 For all that do these things are an abomination unto the LORD: and because of these abominations the LORD thy God doth drive them out from before thee.

JUDE 10-13 (HERES FALSE PASTORS)
10 But these speak evil of those things which they know not: but what they know naturally, as brute beasts, in those things they corrupt themselves.
11 Woe unto them! for they have gone in the way of Cain, and ran greedily after the error of Balaam for reward, and perished in the gainsaying of Core.
12 These are spots in your feasts of charity, when they feast with you, feeding themselves without fear: clouds they are without water, carried about of winds; trees whose fruit withereth, without fruit, twice dead, plucked up by the roots;
13 Raging waves of the sea, foaming out their own shame; wandering stars, to whom is reserved the blackness of darkness for ever.

MATTHEW 10:32-33
32 Whosoever therefore shall confess me(JESUS) before men, him will I confess also before my Father which is in heaven.
33 But whosoever shall deny me (JESUS)(AND MY WORD THE BIBLE) before men, him will I also deny before my Father which is in heaven. 

Chilean 'cult leader' Ramon Castillo 'who burns baby alive' found dead in Peru

Updated: 02 May 2013
Ramon Castillo Gaete
Ramon Castillo Gaete had been on the run since February
Police in Peru say they have found the body of the alleged leader of a Chilean cult accused of burning a newborn baby alive last November. Ramon Castillo Gaete, 35, had been on the run for more than two months. Police believe he killed himself. His body was found in a house in the Peruvian city of Cusco and identified from fingerprints. The baby girl was thrown into a bonfire because the sect reportedly considered her an antichrist. The baby's mother, Natalia Guerra, and three other suspects were arrested in the Chile last week.

'Apocalypse'

Mr Castillo was thought to be the baby's father. He is accused of persuading Ms Guerra to give up the baby for sacrifice in the town of Colliguay, in Chile's Valparaiso region. He believed he was a god and expected the world to end on 21 December 2012, Chilean authorities said. The death of the three-day-old baby last November shocked Chile, a predominantly Roman Catholic country. Peruvian police said Castillo's body was found with a rope around his neck hanging from a beam inside a house on the outskirts of Cusco. "There is no evidence of anyone else taking part in his death," Cusco police chief Juvenal Zereceda told Chile's La Tercera Newspaper. "All the preliminary evidence indicates this was a case of suicide," Mr Zereceda added.
SOURCE: bbc.co.uk