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.
Flooding, flight troubles in North Texas Mon Oct 15, 8:06 PM ET
DALLAS - Heavy storms swept through North Texas on Monday, flooding roads, damaging buildings and knocking out power to thousands of homes and businesses. The rainy weather was blamed for at least one death and caused numerous accidents, snarled traffic and canceled more than 100 flights at Dallas-Fort Worth International Airport.A driver in Denton was killed when his car slid into the path of an oncoming truck, authorities said. The driver appeared to be driving too fast on the wet roads, Denton police spokesman Jim Bryan said.One person was rescued after floodwaters submerged a stretch of roadway under elevated Interstate 635 in Dallas. Several vehicles were caught in the water, authorities said.A pickup truck and a school bus filled with students collided in Farmersville, about 35 miles northeast of Dallas. The impact knocked the bus on its side in a ditch, and a 15-year-old girl was taken to a hospital for back pain.At the storm's peak, 20,000 Dallas-Fort Worth customers were without power, according to Oncor Electric Delivery. Utility crews had restored power to most of them by early Monday evening, spokesman Jeamy Molina said.
Wind blew the roof off of a warehouse in Dallas and off a vacant building in Haltom City, a Fort Worth suburb.DFW reported 110 canceled flights and delays of up to 90 minutes, spokesman Ken Capps said. He said flights were slowly getting back on track. About 10 golfers became stranded when a flooded creek quickly rose. They were rescued by Garland firefighters using an inflatable raft and weren't injured.The storms were caused by a cold front rolling eastward across the region. More rain was expected in the evening before subsiding Tuesday, weather officials said.
Tropical cyclone may form in Gulf of Mexico: NHC Mon Oct 15, 11:44 AM ET
NEW YORK (Reuters) - A low-pressure system emerged from the Yucatan Peninsula in Mexico into the southwestern Gulf of Mexico and could develop into a tropical cyclone over the next day or two, the U.S. National Hurricane Center said Monday. Weather models show the system will move generally north across the Gulf and make landfall in the oil rich northern Gulf Coast between central Louisiana and western Florida over the next few days.The NHC will name the next tropical storm Noel. Tropical storms pack winds of 39 to 73 miles per hour.In addition, the system could disrupt some of Mexico's oil production in the Bay of Campeche in the southwestern Gulf.Mexico's Cantarell Complex lies in the Bay of Campeche. It is one of the most productive oil fields in the world, supplying about two-thirds of Mexico's crude oil output.
CARIBBEAN SYSTEM
The NHC is also watching a low-pressure system in the southwestern Caribbean off the coast of Nicaragua.The NHC however does not expect the Caribbean system to develop into a tropical cyclone before making landfall.Weather models show the system will make landfall in Nicaragua before moving northwest over Central America. A couple of the models showed the system emerging in the Bay of Campeche over the next five days.
EARTH DESTROYED WITH THE EARTH
GENESIS 6:11-13
11 The earth also was corrupt before God, and the earth was filled with violence.(WORLD TERRORISM,MURDERS)
12 And God looked upon the earth, and, behold, it was corrupt; for all flesh had corrupted his way upon the earth.
13 And God said unto Noah, The end of all flesh is come before me; for the earth is filled with violence (TERRORISM) through them; and, behold, I will destroy them with the earth.
Death toll in Cent. American rains at 21 Sun Oct 14, 11:02 PM ET
TEGUCIGALPA, Honduras - Three children and a woman were killed when their boat capsized in Honduras, officials said Sunday, raising to 21 the death toll from days of torrential rains that have driven thousands from their homes across Central America.
The boat was carrying 20 children and three adults when it sank Saturday in the choppy waters of the Choluteca River during an evacuation in the town of El Chapernal south of the capital, chief firefighter Wilfredo Hernandez said.The victims were three children, ages 5 to 14, and a 23-year-old woman, he said.
Heavy rains have swept through Central America since the middle of the week, displacing thousands and prompting authorities to send the military to hard-hit areas.Police evacuated some 10,000 people in western Nicaragua on Sunday as rains caused rivers to overflow. Guatemalan officials reported that 1,400 people were evacuated from townships near the Mexico border.In Costa Rica, 14 people died Friday when a hillside collapsed in the town of La Fatima de Atenas northeast of the capital, according to the Red Cross.The following day an 87-year-old man was killed trying to cross a river in northwest Costa Rica, and a woman died when a rock fell on her car in Acosta, near the capital.In El Salvador, a 40-year-old man died after he was carried away by a river Friday. Panamanian authorities said Sunday two people were missing.Costa Rica's meteorological institute predicted the heavy rains would continue through at least Monday night.
Alert on Indonesian volcano raised to maximum OCT 16,07
JAKARTA (Reuters) - Indonesia raised on Tuesday the alert level for Mount Kelud volcano to the highest level, as residents started fleeing amid signs an eruption could be imminent, officials and a witness said. The number of volcanic earthquakes at Mount Kelud, 90 km (55 miles) southwest of Indonesia's second-largest city Surabaya, had soared to more than 300 in a six-hour period from late morning, the country's top volcano expert said by telephone.
An area 10 km from the crater should be evacuated, said Surono, head of the Centre for Volcanology and Geological Hazard Mitigation in Bandung.The alert level was raised to maximum based on the seismic activity, deformation, visual observation and the temperature of the crater lake going up, according to the centre's Web site (www.vsi.esdm.go.id).
An estimated 350,000 people live within 10 km of the volcano on Java island, growing coffee, sugar cane, pineapples and papayas on the rich volcanic soil or feeding their cattle on the volcano's slopes.People are panicking as they are heading towards the evacuation areas, a Reuters witness said by telephone from the area. They are facing water and sanitation problems as the evacuation sites have not been properly equipped.Surono, who said that the evacuation had started at 7 p.m. (1200 GMT), warned that residents should steer clear of rivers near the volcano in case of flows of lahar, a mix of hot stones and water.They were also urged to prepare face masks to protect against possible ash clouds from the 1,731-metre (5,712-foot) volcano causing eye irritation or respiratory problems.The crater lake on Kelud makes it harder to monitor than many of the other volcanoes scattered across Indonesia's archipelago, as some of the warning signs are concealed below the water's surface.Saut Simatupang, another official at the centre, said the crater lake had started to change color indicating increasing sulphur levels.On the east and the north of the lake, it has started to turn white with sulphur. When Kelud last erupted in 1990, at least 30 people were killed, while an eruption in 1919 killed about 5,000 as it ejected scalding water from its crater lake.Indonesia, which sits on a belt of intense seismic activity known as the Pacific Ring of Fire, has had several volcanic eruptions over the centuries.
Rethink on human hybrid experiments
Oct 8 02:42 PM US/Eastern
A radical Government re-think on the law governing hybrid embryos will allow scientists to carry out virtually any work they like - if it is approved by regulators.The move opens the door to experiments involving every known kind of human-animal hybrid. These could include both cytoplasmic embryos, which are 99.9% human, and true hybrids carrying both human and animal genes.In addition chimeras made of a mosaic-like mix of cells from different species, and human transgenic embryos - human embryos modified with animal DNA - will also be allowed under licence.
Provision has also been made for the regulation of hybrid embryo research to incorporate any unforeseen developments that might arise in the future.Ministers have moved a long way from original White Paper proposals for an outright ban on all human-animal embryos, prompting outrage from scientists.The new measures are contained in a revised version of the Human Tissue and Embryology Bill which will be included in the Queen's Speech next month. They have been set out as part of the Government's response to a parliamentary committee's verdict on the Bill.Another major change is that plans to combine two regulatory bodies into a single authority have been dropped. The Human Fertilisation and Embryology Authority (HFEA) and Human Tissue Authority (HTA) will now remain separate entities. They were to have been fused together to create a new Regulatory Authority for Tissue and Embryos (RATE).The Scrutiny Committee of MPs and peers that reported on the Bill in August had recommended putting the issue of whether or not to allow animal-human embryos to a free vote in both houses of Parliament. It said if a decision were taken in principle to permit such research, it should be up to regulators to decide what experiments can be licensed.
The revised Bill does more than even the committee asked for. It effectively removes the barriers completely, permitting the creation of all four currently envisaged types of hybrid embryo, subject to a licence being granted by the relevant regulatory authority - in this case the HFEA.Allowing scientists to work on human-animal hybrid embryos will greatly speed up progress in stem cell research. Researchers hope to use embryonic stem cells (ESCs), which can transform into virtually any kind of body tissue, to investigate the causes of human diseases and develop new therapies for currently incurable conditions such as Parkinson's and type 1 diabetes. Press Association Ltd 2007,
EU treaty talks near deal
Sun Oct 14, 2007 11:10pm BST
BRUSSELS (Reuters) - Negotiations on a treaty to reform European Union institutions enter the home straight on Monday when foreign ministers meeting in Luxembourg try to clear the last land mines on the road to a summit agreement this week.Since the bloc's 27 leaders struck a deal on the political mandate in June, lawyers, linguists and diplomats have been working in the shadows to turn it into a treaty text, replacing the constitution rejected by French and Dutch voters in 2005.That work is now complete and only a handful of minor issues remain involving Poland, Italy and Bulgaria. None is considered serious enough to prevent EU leaders finalising the treaty in Lisbon on Friday, due to be signed in December.Like the defunct constitution, the treaty provides for a long-term president of the EU from 2009, a more powerful foreign policy chief, a simpler, more democratic decision-making system and more power for the European and national parliaments.
The general prognosis is that we should get it done this time. There is no obstacle that looks likely to call an agreement into question, an EU ambassador said.Given continent-wide fatigue after a decade of wrangling over European institutions, the desire to reach the finishing line and avoid new ratification problems is widespread.Only Ireland is bound to hold a referendum, although there is strong pressure from so-called Eurosceptics on Prime Minister Gordon Brown to hold a plebiscite, which he would likely lose. Barring such an accident, the treaty would take effect in 2009.
Poland fought a successful rearguard battle to delay the new population-based voting system until 2017 and is still pushing to incorporate in the treaty a provision allowing states short of a blocking minority to delay EU decisions for several months.Other states want the so-called Ioannina Compromise confined to a less binding, perhaps time-limited political declaration.Poland seems likely to win a consolation prize with the creation of an additional post of advocate-general at the European Court of Justice for a Polish nominee.Italy is angry at losing parity with France and Britain in the redistribution of European Parliament seats and wants that issue separated from the treaty and negotiated at a later date. The EU assembly proposed the reallocation to take account of population trends, with Spain the biggest beneficiary.
New member Bulgaria raised the stakes at the last minute by demanding that the European single currency be written as evro in its Cyrillic alphabet, as it was in its accession treaty.The European Central Bank has opposed alternative spellings of the euro.Sofia threatened to block the signing of an accord on closer ties between the EU and Montenegro on Monday, but agreed to back off provided EU ambassadors approve a declaration recognising a linguistic-technical problem and promising to solve it soon.
(additional reporting by Yves Clarisse)
DANIEL 8:23-25
23 And in the latter time of their kingdom, when the transgressors are come to the full, a king (EU DICTATOR) of fierce countenance, and understanding dark sentences,(FROM THE OCCULT) shall stand up.
24 And his power shall be mighty, but not by his own power:(SATANS POWER) and he shall destroy wonderfully, and shall prosper, and practise, and shall destroy the mighty and the holy people.
25 And through his policy also he shall cause craft to prosper in his hand; and he shall magnify himself in his heart, and by peace shall destroy many: he shall also stand up against the Prince of princes;(JESUS) but he shall be broken without hand.
THIS COULD BE THE START OF THE RESOLVE OF THE QUARTET. THE BIBLE SAYS THE EU WILL BE THE ONE THAT MAKES THE FINAL 7 YR PEACE CONTRACT WITH THE ISRAELI-ARABS AND MANY.
U.N. Human Rights Envoy Recommends U.N. Quit the Quartet
by Hana Levi Julian
(IsraelNN.com) John Dugard, employed as an independent expert (special rapporteur) to the United Nations’ Human Rights Commission, has called on the U.N. to quit the Quartet of Mideast peace brokers if the international body does not address alleged human rights violations by Israel.In my most recent report to the General Assembly, which I will present later this month, I will suggest that the Secretary-General withdraw the U.N. from the Quartet, if the Quartet fails to have regard to the human rights situation in the Palestinian Territories, he said.Dugard said in an interview with the British Broadcasting Corporation (BBC) Monday that the Quartet, which also includes Russia, the United States and the European Union, is heavily influenced by the U.S., weakening the international group’s effectiveness.Every time I visit, the situation seems to have worsened, he said. This time, I was very struck by the sense of hopelessness among the Palestinian people. That hopelessness was also noted in a report by the Economist magazine, albeit attributed to different causes.Dugard added that the U.N. does itself little good” by remaining in the Quartet, due to human rights violations by Israel in Judea, Samaria and Gaza.
Israel’s security checkpoints, which have enabled the IDF to prevent dozens of intended terrorist attacks, are actually used as a method of collective punishment against the Arab population, he said, to make the life of Palestinians as miserable as possible.
Dugard has assiduously dedicated himself to an unending condemnation of Israel, as has the U.N. Human Rights Council in Geneva which according to Israel’s Ambassador to the U.N. in Geneva, Yitzchak Levanon, is obsessed with the desire to continue with [its] unending odyssey of bashing a single U.N. member state.
At a meeting in Geneva last month, Lebanon also blasted a decision to hold a special debate on Israel during each session of the council, calling it a flagrant violation of the fundamental principles of equality.The retired South African professor of international law is considered an expert on apartheid. As permanent investigator of Israel’s actions in Judea, Samaria and Gaza, he has also been criticized in the past for accusing Israel of apartheid policies in the PA territories.Although he grudgingly acknowledged that Israel does indeed face a threat to its security, Dugard charged that its response is very disproportionate.
He also warned that the upcoming U.S. Mideast summit scheduled for next month might end in a third intifada by PA Arabs against Israel due to unrealistic expectations raised among the population by the PA leadership. Dugard added that this should come as no surprise, since in a military occupation, there are likely to be those engaged in resistance.The U.N. human rights expert said although some might refer to those who attack Israeli civilians as terrorists, history looks at the picture quite differently. He compared PA terrorists to members of the French resistance to the Nazi invaders during World War II and those in Namibia who fought occupation by South Africa. Now they are in the government and treated as heroes, he said.Dugard did not address the issue of the wide-scale human rights violations by Fatah and Hamas terrorists and militia forces perpetrated against their own people, in addition to their attacks on Israeli citizens.Instead, Dugard claimed the U.N. should be playing the role of mediator between the warring Hamas and Fatah terrorist factions who are fighting for control of the PA. Instead, the international community has given its support almost completely to one faction, to Fatah. That’s not the role the U.N. should take, he contended.
Hamas has ruthlessly squelched any attempt by journalists to document its human rights violations in Gaza, which it seized in June as part of its bloody civil war with Fatah.
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 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 have consulted together with one consent: they are confederate against thee:(TREATIES)
6 The tabernacles of Edom,and the Ishmaelites;(ARABS) of Moab, and the Hagarenes;
7 Gebal, and Ammon,(JORDAN) and Amalek;(SYRIA) the Philistines (PALESTINIANS) with the inhabitants of Tyre;(LEBANON)
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.
Putin warns US against attacking Iran By VLADIMIR ISACHENKOV, Associated Press Writer OCT 16,07
TEHRAN, Iran - Russian leader Vladimir Putin met his Iranian counterpart Tuesday and implicitly warned the U.S. not to use a former Soviet republic to stage an attack on Iran. He also said nations should not pursue oil pipeline projects that are not backed by regional powers. At a summit of the five nations that border the inland Caspian Sea, Putin said none of the nations' territory should be used by any outside countries for use of military force against any nation in the region. It was a clear reference to long-standing rumors that the U.S. was planning to use Azerbaijan, a former Soviet republic, as a staging ground for any possible military action against Iran.We are saying that no Caspian nation should offer its territory to third powers for use of force or military aggression against any Caspian state, Putin said.Iranian President Mahmoud Ahmadinejad also underlined the need to keep outsiders away from the Caspian.The Caspian Sea is an inland sea and it only belongs to the Caspian states, therefore only they are entitled to have their ships and military forces here, he said.A State Department spokesman, Tom Casey, said the United States is not planning military action against Iran.
We are pursuing a diplomatic course with respect to Iran that includes with respect to its nuclear program as well as with respect to its support for terrorism and other issues that are out there, he said.Putin, whose trip to Tehran is the first by a Kremlin leader since World War II, warned that energy pipeline projects crossing the Caspian could only be implemented if all five nations that border the Caspian support them.Putin did not name any specific country, but his statement underlined Moscow's strong opposition to U.S.-backed efforts to build pipelines to deliver hydrocarbons to the West bypassing Russia.Projects that may inflict serious environmental damage to the region cannot be implemented without prior discussion by all five Caspian nations, he said.Other nations bordering the Caspian Sea and in attendance at the summit are: Kazakhstan, Turkmenistan and Azerbaijan.The legal status of the Caspian — believed to contain the world's third-largest energy reserves — has been in limbo since the 1991 Soviet collapse, leading to tension and conflicting claims to seabed oil deposits.Iran, which shared the Caspian's resources equally with the Soviet Union, insists that each coastal nation receive an equal portion of the seabed. Russia, Azerbaijan and Kazakhstan want the division based on the length of each nation's shoreline, which would give Iran a smaller share.
Putin's visit took place despite warnings of a possible assassination plot and amid hopes that personal diplomacy could help offer a solution to an international standoff on Iran's nuclear program.Putin has warned the U.S. and other nations against trying to coerce Iran into reining in its nuclear program and insists peaceful dialogue is the only way to deal with Tehran's defiance of a U.N. Security Council demand that it suspend uranium enrichment.Threatening someone, in this case the Iranian leadership and Iranian people, will lead nowhere, Putin said Monday during his trip to Germany. They are not afraid, believe me.Iran's rejection of the council's demand and its previous clandestine atomic work has fed suspicions in the U.S. and other countries that Tehran is working to enrich uranium to a purity usable in nuclear weapons. Iran insists it is only wants lesser-enriched uranium to fuel nuclear reactors that would generate electricity.Putin's visit to Tehran is being closely watched for any possible shifts in Russia's carefully hedged stance in the nuclear standoff. The Russian president underlined his disagreements with Washington last week, saying he saw no objective data to prove Western claims that Iran is trying to construct nuclear weapons. Putin emphasized Monday that he would negotiate in Tehran on behalf of the five permanent U.N. Security Council members — United States, Russia, China, Britain and France — and Germany, a group that has led efforts to resolve the stalemate with Tehran. Associated Press writers Ali Akbar Dareini and Nasser Karimi contributed to this report.
Pentagon confirms accidental Patriot launch OCT 16,07
WASHINGTON (AFP) - A US Patriot missile was accidentally launched in Qatar and landed in an unpopulated farm area, causing no injuries, the Pentagon confirmed Tuesday.
HOARDING OF GOLD AND SILVER
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, 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
Stocks dip on Bernanke's sobering words By MADLEN READ, AP Business Writer OCT 16,07
NEW YORK - Wall Street sank for the second straight session Tuesday after Federal Reserve Chairman Ben Bernanke said the night before that the slumping housing market remains a significant drag on the economy. Bernanke's speech at the New York Economic Club elevated concerns that the summer credit crisis might persist into the winter — a sobering thought for investors, who are sifting through mixed third-quarter earnings and watching energy costs rise.First of all, the worry is we're getting more bad news on housing. Number two is higher oil prices. That's a pretty bad combination, said Hugh Johnson, chief investment officer of Johnson Illington Advisors.He added: Of particular concern were the comments by Bernanke. That sort of injected a fairly high level of uncertainty into the economic and earnings outlook. That comes at a time when earnings results are not particularly exciting — in fact, are dismal.The stock market had its biggest drop in more than five weeks Monday after Citigroup Inc. reported a steep third-quarter profit drop and announced plans with a consortium of banks to set up a fund to help bail out the credit markets.
Then on Tuesday, Wells Fargo & Co. shares fell more than 3 percent after the bank said its third-quarter earnings increased less than analysts anticipated and that it boosted loan loss reserves in anticipation of further problems in consumer credit. KeyCorp shares also declined more than 3 percent after the Midwest regional bank posted a 33 percent drop in third-quarter profit. Most other financial and housing-related stocks fell, as did retailers. One of the few gainers in the financial sector was Bear Stearns Cos., after China Citic Bank expressed interest in buying a stake in the U.S. brokerage.In late morning trading, the Dow Jones industrial average fell 66.33, or 0.47 percent, to 13,918.47.
Broader indicators also fell. The Standard & Poor's 500 index slid 7.40, or 0.48 percent, to 1,541.31, and the Nasdaq composite index dipped 11.18, or 0.40 percent, to 2,768.87.Treasury bond prices rose, pushing down the yield on the 10-year Treasury note to 4.65 percent from 4.68 percent at Monday's close. Bond prices and yields move in opposite directions. The dollar rose against most currencies, and gold prices slipped.Bernanke said in his speech that the deepening housing slump probably will be a drag on economic growth. Still, he again pledged to act as needed to help financial markets that were sent reeling this summer, and said inflation remains in check. That could be a key factor for policymakers when deciding whether to cut interest rates at their Oct. 30-31 meeting.But while core inflation — which excludes volatile food and energy prices — is mild, oil prices are pushing further into record territory.
Despite expectations of higher inventories in the weekly U.S. supply report released on Wednesday, a barrel of light, sweet crude rose $1 to $87.13 on the New York Mercantile Exchange. Investors will get another reading on the housing market Tuesday at 1 p.m. EDT with the National Association of Home Builders/Wells Fargo housing market index for October. The report is expected to show a decline.Declining issues outnumbered advancers by about 7 to 3 on the New York Stock Exchange, where volume came to 395.5 million shares.Overseas, Japan's Nikkei stock average closed down 1.27 percent. Britain's FTSE 100 fell 0.42 percent, Germany's DAX index fell 0.36 percent, and France's CAC-40 fell 0.87 percent.
On the Net: New York Stock Exchange: http://www.nyse.com Nasdaq Stock Market: http://www.nasdaq.com
Rice wins Egypt's support for conference By MATTHEW LEE, Associated Press Writer OCT 16,07
CAIRO, Egypt - Secretary of State Condoleezza Rice on Tuesday won tempered Egyptian support in her quest to nudge Israelis and Palestinians closer together ahead of a Mideast peace conference to be held in November or December. Egypt, a key mediator between the Arabs and Israel, and other key Arab allies have expressed skepticism over the conference in past weeks, fearing it would be merely symbolic without making real progress in the Israeli-Palestinian peace process. A day earlier, Egyptian Foreign Minister Ahmed Aboul Gheit spoke of postponing it.But Aboul Gheit said his meeting with Rice on Tuesday gives us a lot of trust and confidence about American intentions for the conference, though he cautioned that preparations to hammer out the agenda could take more time.Rice has helped us to understand the American objective. She shed a great deal of light on the current American efforts, he told reporters.We feel encouraged regarding what we heard from Secretary Rice and promised her that we would help and we would help the parties as well in order to achieve the objective which is launching the permanent status negotiations that would lead to the establishment of a Palestinian state on both the Palestinian territories, he said.
Rice and Aboul Gheit said the timing of the conference depended on progress in Israeli-Palestinian talks on hammering out an agreement to be sealed at the gathering, expected to be in Annapolis, Md. The Palestinians want the document to address core issues of the peace negotiations, while Israeli Prime Minister Ehud Olmert wants a vaguer statement.We will continue to work and help them to create this document and we will then be in a position I think fairly soon to talk about when this meeting ought to take place, Rice said.Rice was heading later in the day back to Jerusalem for further talks with Olmert.Still, Aboul Gheit said the conference should be put off if a strong deal is not reached.
We have to go into the meeting ready to launch negotiations, he said. It can be done if we have enough determination on the part of the (Bush) administration.Palestinian and Israeli negotiating teams met for a second time on Monday to try to thrash out details of the joint document. So far, no advances have been made, and we are not deluding ourselves, Palestinian negotiator Yasser Abed Rabbo said Tuesday.Last week, Arab League chief Amr Moussa — whom Rice was also meeting Tuesday — derided the conference, saying the Americans were just hoping for a photo opportunity between Saudi and Israeli officials.But Aboul Gheit on Tuesday suggested Egypt would work with the Palestinians and Israelis to help solidify the agenda. All of us are required to help in drafting the parameters, the principles, the understandings, whatever will launch the negotiations on a sound basis, he said.
There were some tensions over U.S. criticism of human rights in Egypt. Rice told their press conference that in her talks with Mubarak and Aboul Gheit she brought up the issue of the detentions of four independent newspaper editors given prison sentences or put on trial for criticizing Mubarak.When we touch on issues we considered sensitive and internal, I listen. But my response is always that it is due process, Aboul Gheit retorted. This government does not interfere in Egyptian legal procedures.On Monday and earlier Tuesday, Rice pressed Israeli and Palestinian leaders to push ahead in their talks on the conference agenda. In one of her strongest statements yet on the issue, Rice declared that creation of a Palestinian state is a key U.S. interest and urged the two sides to drop contentious demands and reach consensus on a substantive joint statement.After meeting both sides again Tuesday and Wednesday, Rice will travel to London to meet Jordan's King Abdullah II, trying to build support among skeptical Arab nations.
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