Tuesday, November 11, 2008

MEMORIES OF LOST WAR VETS TODAY

REMEMBERING THE LOST IN WARS.

In Flanders Fields On August 4, 1914,

Britain declared war on Germany. Canada, as a member of the British Empire, was automatically at war, and its citizens from all across the land responded quickly. Within three weeks, 45,000 Canadians had rushed to join up. John McCrae was among them. He was appointed brigade-surgeon to the First Brigade of the Canadian Forces Artillery with the rank of Major and second-in-command.Just before his departure, he wrote to a friend:It is a terrible state of affairs, and I am going because I think every bachelor, especially if he has experience of war, ought to go. I am really rather afraid, but more afraid to stay at home with my conscience. (Prescott. In Flanders Fields: The Story of John McCrae, p. 77)He took with him a horse named Bonfire, a gift from a friend. Later, John McCrae sent his young nieces and nephews letters supposedly written by Bonfire and signed with a hoof print.In April 1915, John McCrae was in the trenches near Ypres, Belgium, in the area traditionally called Flanders. Some of the heaviest fighting of the First World War took place there during that was known as the Second Battle of Ypres.On April 22, the Germans used deadly chlorine gas against Allied troops in a desperate attempt to break the stalemate. Despite the debilitating effects of the gas, Canadian soldiers fought relentlessly and held the line for another 16 days.

In the trenches, John McCrae tended hundreds of wounded soldiers every day. He was surrounded by the dead and the dying. In a letter to his mother, he wrote of the Battle of Ypres.The general impression in my mind is of a nightmare. We have been in the most bitter of fights. For seventeen days and seventeen nights none of us have had our clothes off, nor our boots even, except occasionally. In all that time while I was awake, gunfire and rifle fire never ceased for sixty seconds ..... And behind it all was the constant background of the sights of the dead, the wounded, the maimed, and a terrible anxiety lest the line should give way.(Prescott. In Flanders Fields: The Story of John McCrae, p. 98)The day before he wrote his famous poem, one of McCrae's closest friends was killed in the fighting and buried in a makeshift grave with a simple wooden cross. Wild poppies were already beginning to bloom between the crosses marking the many graves. Unable to help his friend or any of the others who had died, John McCrae gave them a voice through his poem. It was the second last poem he was to write.Soon after it was written, he was transferred to No. 3 (McGill) Canadian General Hospital in France where he was Chief of Medical Services. The hospital was housed in huge tents at Dannes-Cammiers until cold wet weather forced a move to the site of the ruins of the Jesuit College at Boulogne.

When the hospital opened its doors in February 1916, it was a 1,560-bed facility covering 26 acres. Here the wounded were brought from the Battle of the Somme, the Battle of Vimy Ridge, the third Battle of Ypres and from Arras and Passchendaele.

In Flanders Fields By: Lieutenant Colonel John McCrae, MD (1872-1918)
Canadian Army


IN FLANDERS FIELDS the poppies blow
Between the crosses row on row,
That mark our place; and in the sky
The larks, still bravely singing, fly
Scarce heard amid the guns below.

We are the Dead. Short days ago
We lived, felt dawn, saw sunset glow,
Loved and were loved, and now we lie
In Flanders fields.

Take up our quarrel with the foe:
To you from failing hands we throw
The torch; be yours to hold it high.
If ye break faith with us who die
We shall not sleep, though poppies grow
In Flanders fields.

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.

ECUADOR VOLCANOE ERUPTS
http://usnews.feedroom.com/?fr_story=d472780ad1395997c4889a0dad18ca3f8689053d&rf=rss

Ecuadorian volcano spewing lava and smoke NOV 10,08

Video: Ecuador's Reventador active (ABC News) Technicians are monitoring a volcano east of the Ecuadorian capital that has been spewing lava and smoke.Ecuador's El Reventador volcano,100 kilometres from Quito in the province of Napo, has been letting off moderate explosions.But despite the increased activity, Ecuador's Geophysics Institute says there is no immanent danger to citizens.Technicians are standing by to monitor activity in case the situation becomes dangerous for the population.But Mario Ruiz from the institute says no significant amounts of ash have deposited in any of the areas nearby the volcano.Today's eruption is less explosive than that of 2002. The activity is less.Experts say there are no signs of this activity resembling that of 2002, when El Reventador erupted, leaving a thick cloud of ash covering the Ecuadorean capital.

Ice, snow make travel treacherous on Plains By NELSON LAMPE, Associated Press Writer – Tue Nov 11, 11:16 am

ETOMAHA, Neb. – A layer of ice and nearly a foot of snow made some Nebraska highways treacherous Tuesday, part of a storm system that also interfered with Minnesota schools.The National Weather Service posted winter weather advisories covering sections of Nebraska, South Dakota, Minnesota and northern Iowa.The Nebraska Department of Roads reported no highway closures Tuesday but warned of icy conditions in southwest Nebraska.Chase County emergency manager Paul Kunnemann said he and his wife had driven back to their home in Imperial, in the state's southwest corner, late Monday from Colorado.There was ice underneath the snow, Kunnemann said Tuesday. The roads were bad. There were some wrecks ... cars went off the road because the snowplows hadn't got out yet.Some Nebraska school openings were delayed. Several southern Minnesota school districts started classes two hours late and a few closed for the day because of the weather.The weather service said up to 4 inches of snow was possible across southern Minnesota into Wisconsin.In western South Dakota, utility crews were still working to restore electrical service knocked out by a blizzard last week. An estimated 1,800 customers of six electric cooperatives have been without power since that storm.The South Dakota National Guard has sent an 11-man team to help open roads for the electrical work crews. Deep snow driven into 7-foot drifts has slowed the repairs, and Ken Wetz, manager of Butte Electric Cooperative, said about 3 inches of ice still covers some downed wires.

Indonesia launches tsunami early warning system NOV 11,08

JAKARTA (AFP) – Indonesia launched a high-tech tsunami warning system Tuesday in a bid to prevent a repeat of tragedies like the 2004 Asian tsunami that killed around 170,000 people in the archipelago nation.The 1.4 trillion rupiah (130.2 million dollar) system will be able to detect an earthquake at sea and predict within five minutes whether it could cause a tsunami, the head of Indonesia's geophysics agency Sri Woro Harijono said.The warning system can also predict the height and arrival time of the waves, Harijono said. The system uses a series of four buoys linked to monitoring stations across the country.The system, built with German technology and funding from a number of foreign nations, will eventually include 23 to 24 buoys, she said.President Susilo Bambang Yudhoyono said at the launch that Indonesia needed the warning system, given the frequency of devastating earthquakes and tsunamis across its 17,000 seismically active islands.We are living on the edge. Three tectonic plates -- the Eurasian, Indo-Australian and Pacific -- meet here, Yudhoyono said. This kind of disaster can strike at any time.The series of buoys that are the backbone of the warning system are linked by cables to detectors that sit on the ocean floor and pick up on the deep-sea earthquakes that cause tsunamis.The signals are then relayed to stations that send out an automated warning that a tsunami is coming.Foreign donor countries will supervise the operation of the tsunami warning system for the first two years as it gets up and running, said Jan Sopaheluwakan from the Indonesian Institute of Sciences.After 2010, Indonesia will take full responsibility for running the system, Sopaheluwakan said.Indonesia was the country worst hit by the earthquake-triggered 2004 Asian tsunami, which killed 168,000 in the country's Aceh province.

CNN NEWS VIDEO
http://edition.cnn.com/video/

YAHOO NEWS VIDEO
http://news.yahoo.com/video

MIDEAST CONFLICT NEWS
http://news.yahoo.com/video/1874;_ylt=A0wNcxFdg6xIgbkAwD6z174F

ABC NEWS VIDEO
http://news.yahoo.com/video/2461

FOX NEWS VIDEO
http://news.yahoo.com/video/3074

FOX BUSINESS VIDEO
http://news.yahoo.com/video/3045

AP NEWS VIDEO
http://news.yahoo.com/video/2529

BBC NEWS VIDEO
http://news.yahoo.com/video/2918

REUTERS VIDEO NEWS
http://news.yahoo.com/video/2704

AFP NEWS VIDEO
http://news.yahoo.com/video/3091

CNBC NEWS VIDEO
http://news.yahoo.com/video/3245

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

WORLD MARKET RESULTS
http://money.cnn.com/data/world_markets/

HALF HOUR DOW RESULTS TUE NOV 11,2008

09:30 AM -59.32
10:00 AM -255.27
10:30 AM -215.53
11:00 AM -256.79
11:30 AM -248.19
12:00 PM -255.43
12:30 PM -296.13
01:00 PM -257.11
01:30 PM -259.89
02:00 PM -156.03
02:30 PM -39.75
03:00 PM -163.44
03:30 PM -140.10
04:00 PM -176.58 8693.96

S&P 500 898.96 -20.26

NASDAQ 1580.90 -35.84

GOLD 732.5 -14.0

OIL 58.60 -3.81

TSE 300 9419.39 -269.41

CDNX 872.33 -41.69

S&P/TSX/60 571.24 -16.81

Dow down -255 points by 10AM.
Dow down -264 points at low so far this morning.
FED refuses to name all recipients of the $2 TRILLION in emergency loans.
FED forks out $2 TRILLION in addition to all this TARP.
Report GM put their long range future of their stacks at 0.
47% say providing loans to Auto Companies not important.
AIG lost $25 BILLION in the third quarter.
Starbucks quarterly profit dropped 97%.
Starbucks can't even project a profit for 2009.
Circuit City closing 700 stores,cutting 7,000 jobs.
German DHL dropping its US delivery services,cutting 8-9,000 jobs.

NYSE STATS AS OF 10:30AM
Advances 418,Declines 2,452,Unchanged 75
New Highs 1,New Lows 198.
NASDAQ STATS AS OF 10:30AM
Advances 618,Declines 1,702,Unchanged 159

AFTERNOON NEWS,STATS
ZANDI:The economy is in a very severe GLOBAL reseccion.
Crude drops to $59 for first time since MAR 2007.
BUSH:More aide to AUTO workers for Columbia Free trade deal.
Dow down -306 points at low today.
95% of S&P 500 trading lower today so far.
Dow,S&P,Nasdaq have not had monthly gains since August.
Crude Oil down almost 40% in 2008.
Stocks fall to two week lows at this time of day.
GM trades below$3/share for first time since April 13,1943.
Could be weakest holliday season in 22 years.
ICSC:Weakest year over year sales growth since April 5,2008.

HELP FOR HOME OWNERS
Fannie and Freddie Mortgage forebearance plan.
-for borrowers 90 days or more behind.
-Payments not exceed 38% of Monthly income.
LOCKHART:
Private lenders should also modify loans.
Mortgage forebearance plans.
Citi,J P Morgan,Bank of America.

REGIONAL RATIONALE
-25 of 50 members are up today.
-20 beat financials Index past 5 days.
-10 beat S&P 500 past 5 days.

WRAPUP MARKET STATS
Dow down -37 points at high today.
Dow down 2% today.
Dow down below 8700 points today.
Dow falls 6.7% over last 6 days.
Dow down 6.8% so far in NOV,fin OCT with 14% drop.
S&P down 2.2% today.
S&P down to 900 points today.
S&P falls 7.0% over last 6 days.
S&P down 7.2% so far in NOV,fin OCT with 17% drop.
NAS down 2.2% today.
NAS down below 1600 points today.
NAS falls 8.4% over last 6 days
NAS down 8.0% so far in NOV,fin OCT with 18% drop.
Stocks end lower for 4th of the last 6 sessions.
GM closes below $3 today.
GM at 65 year low as of today.
GM down 13% today.

Russia allows ruble to fall, stokes uncertainty By CATRINA STEWART and NATALIYA VASILYEVA, Associated Press Writers

MOSCOW – Russia's Central Bank on Tuesday eased its defense of the embattled ruble, which fell sharply and triggered a sell-off in stocks as the country faces its worst financial crisis in a decade.The Central Bank also raised its refinancing interest rate by a full percentage point, to 12 percent, in an effort to stem breakneck capital flight and ease inflation.The ruble fell 1 percent on Tuesday to 30.70 against a dollar-euro basket as the bank widened the ruble's trading corridor by 30 kopecks, or .30 ruble, in a move seen as a concession to a weakening economy and the falling price of oil.The Central Bank had been using its foreign currency reserves to buy rubles and keep it from falling below 30.40 in a practice called a managed float.Analysts say the government will have to move carefully to avoid triggering panic among Russians, whose confidence is being eroded after an oil-fueled, eight-year boom under President Vladimir Putin, who is now prime minister.Many have already switched some of their ruble savings to dollars, fearing a formal devaluation — and a massive fall in confidence among ruble savers could trigger a run on the banks, as in the country's 1998 financial collapse.The move represents a policy turnaround for the Central Bank, which has stoutly resisted devaluation, seeing a steady ruble as critical to attracting foreign investment.Since August, the government has spent billions of dollars buying rubles to prop up the exchange rate, eating away at its massive foreign exchange reserves. As of the end of October, Russia's international reserves had dropped to US$485 billion from US$596 billion in the summer.Analysts have widely anticipated a ruble devaluation toward the end of the year, as Russia's oil-fueled economy flounders amid plunging oil prices. U.S. crude has fallen to below US$60 barrel, off its July peak of US$147. If oil approaches US$50 a barrel, the ruble starts to look expensive, analysts said.The ruble's sharp decline Tuesday came a day after Central Bank chief Sergei Ignatyev said he would not rule out more flexibility in the ruble exchange rate with some tendency toward a weakening of the ruble against some foreign currencies in the current conditions.

Analysts at Alfa Bank criticized the move, saying that it would harm local confidence in the ruble and potentially lead to runs on bank deposits. The bank immediately revised Russia's economic growth forecast to 2 percent from a previous estimate of 4-6 percent.This is a very bad decision, as it will substantially accelerate capital outflow, Alfa said in an analysts' note. Defending the ruble at the new level will further deplete the Central Bank's reserves, making a downgrade of Russia's sovereign rating very likely.Net outflows of capital from Russia hit a record high of $50 billion in October and totaled $83 billion in the past three months, the Cenral Bank said Monday.

The move risks further drops, however.

The government is trying to move the line of defense back to some more manageable price without allowing the currency to collapse. They want to manage the process, said Chris Weafer, chief strategist at UralSib bank. But frankly, 1 percent is not going to cut it. You just get everybody excited.Fears of a further devaluation hurt Russian stocks. Trading was suspended on both exchanges for one hour during the day as losses accelerated. The MICEX, which was closed until Thursday or until further notice, fell 12.6 percent to 647.8 points, while the RTS shed 10.7 percent to land at 725.9 points. Sberbank, the country's largest lender, plunged by 15.6 percent after reports that savers had withdrawn roughly 80 billion rubles ($2.93 billion) in October, the most ever in one month.In the early fall, the Kremlin moved swiftly to shore up the country's banking system, which fell victim to a crushing confidence crisis amid the economic fallout in the West. The Kremlin has pumped billions of dollars in refinancing aid to state-owned lenders in an effort to get money moving to borrowers.President Medvedev warned state-funded banks Tuesday they must act responsibly — an effort to prevent abuses of the government's bailout. Officials have spoken out against the possibility of banks using the bailout funds only to bolster their balance sheets or move funds offshore instead of lending. Prime Minister Putin said Monday that the movement of money out of the country would be strictly monitored to ensure that state funds aren't being misused. Putin told top bankers that corporate egotism, any kind of corruption or abuse cannot be tolerated.

Consumer, business bankruptcies poised to rise By Lynne Olver Lynne Olver – NOV 11,08

TORONTO (Reuters) – There will be a steady upward march in personal and business bankruptcy filings in Canada as overspending and falling home prices catch up with individuals and as a slowing economy hurts businesses, experts in the field say.

We're definitely seeing an increase (in calls), I think that people are caught, they've been living on credit, said Linda Stern, vice president of personal restructuring services at Deloitte & Touche Inc in Toronto.Stern estimates her office is working on 30 percent more filings -- actual bankruptcies or proposals to pay off a portion of debt -- than at this point last year.We're busy, every day we're getting many calls and e-mails as people explore their options, she said.Her colleague, Rebecca McKinley, a trustee at Deloitte in Windsor, Ontario, a manufacturing center a stone's throw from Detroit, said her office is dealing with about 17 percent more bankruptcies than last year.In the past year I have seen more and more instances of people who cannot afford their mortgages, while at the same time their house values have dropped, McKinley said.Canada's Office of the Superintendent of Bankruptcy said last week that total bankruptcies in September jumped 28.4 percent from the same month a year earlier. Individual bankruptcies were up nearly 30 percent nationwide, but businesses also posted a 9 percent increase.

Economists at Bank of Montreal said this year-over-year surge in consumer bankruptcies marks the fastest rise since the mid 1990s.At Toronto-Dominion Bank, economists said the numbers suggest headwinds for Canadian consumption at a time when the export side of the economy is hurting.The channels of wealth are deteriorating and consumers are now looking at smaller personal portfolios, not only due to stock market losses, but also the unwind in housing prices, TD economic strategist Charmaine Buskas said in a research note.Since the end of September, some well-known retail businesses have sought creditor protection after their U.S. parents filed for bankruptcy protection.They include electronics chain InterTAN Canada, which is the Canadian subsidiary of Circuit City Stores Inc and operates almost 800 Canadian stores and dealer outlets under the banner The Source, as well as the Canadian subsidiary of home retailer Linens n Things.On Canada's West Coast, where housing prices have recently declined more those in many other centers, boutique insolvency firm Boale, Wood & Co said it is getting more calls.There have been three people now who have come in to see us with stock-market issues, they borrowed against their portfolios, and the portfolio went from a lot of money to no money, said partner Stephen Boale.

Even on the corporate side, where things have been humming along buoyantly for years, there have been a bunch of inquiries, said Boale, who is president of the British Columbia Association of Restructuring Professionals.Some Vancouver condominium projects are in financial difficulty, while people who had speculated on Vancouver's frothy condo market before buildings were built may be in for trouble ahead.There has been a substantial (housing) slowdown, Boale said. That may translate into more difficult pressures on those individuals.While the future doesn't look rosy, he expects a steady increase in bankruptcy filings rather than a sharp jump. (Reporting by Lynne Olver; Editing by Peter Galloway)

GM shares hit 65-year low amid liquidity concerns NOV 11,08

DETROIT (Reuters) – Shares of General Motors Corp plummeted 15 percent to a 65-year low on Tuesday, extending recent steep declines on lingering concerns that the automaker's cash holdings might fall below the necessary minimum during the first quarter.Shares of other automakers and parts suppliers also declined across the board amid increasing concerns over whether the industry could survive a deep downturn in U.S. auto sales.Credit analysts at JPMorgan said on Tuesday GM has several options to improve liquidity, but added that the No. 1 U.S. automaker's short-term survival will require the help of the government, the company's suppliers, or both.While government aid would decrease the risk of a bankruptcy, analysts have warned that any assistance would come at a significant cost to existing shareholders.The White House said on Tuesday it was open to considering any proposals from Congress to accelerate loans to the ailing U.S. auto industry from the already-appropriated $25 billion package.GM's shares were down 15 percent, or 51 cents, at $2.85 on the New York Stock Exchange. The stock earlier dropped as much as 18 percent to $2.76, its lowest level since 1943.GM shares have lost nearly 40 percent since Friday when the company reported a deeper-than-expected third-quarter loss and said its cash burn rate had accelerated, as an extended slump in car sales raised questions about the future of the U.S. auto industry.GM announced additional steps to increase liquidity, but said that even with those moves, liquidity would be at or near the minimum needed to run its business through the rest of 2008 and would fall significantly short of the minimum needed during the first two quarters of next year.Shares of Ford Motor Co fell 8.3 percent, or 16 cents, to $1.77, while auto parts supplier Lear Corp slumped 19 percent, or 32 cents, to $1.35.(Reporting by Soyoung Kim, editing by Matthew Lewis)

Brussels to loan funds to Iceland in political gesture
LEIGH PHILLIPS Today NOV 11,08 @ 09:02 CET


The European Union is to make a political gesture of a nominal loan to Iceland to help the country avoid the collapse of its economy.Describing the sum as small, but not specifying any amount, European Commission spokesman Johannes Laitenberger told reporters in Brussels on Monday (10 November): This should be seen more as a political gesture, as a complement to loans from the International Monetary Fund (IMF).The IMF announced at the end of October to provide the ailing north Atlantic country, which is not a member of the EU, loans worth €1.6 billion. The fund has predicted that Iceland's economy will contract by as much as 10 percent in 2009.

Norway, also outside the union, has offered Iceland a €500 million loan, atop a €500 million swap facility announced in May at a time when the Icelandic economy was teetering but had yet to topple. Sweden and Denmark have both also agreed to €500 swap facilities. Poland has offered €157 million ($200m) in a loan to the country, while the tiny Faroe Islands have offered €40 million (300m kroner).The commission added that the loan would come only once Iceland had reached agreement with some member states ...on bilateral issues related to the deposit guarantee scheme and the protection of foreign depositors.In the wake of the crash, depositors with UK and Dutch divisions of Icelandic banks lost millions in savings that the two EU governments are attempting to recoup.

Wall Street falls, unable to shake economic woes By MADLEN READ, AP Business Writer –Mon Nov 10, 6:14 pm ET

NEW YORK – Wall Street caved in to its economic anxieties and closed lower Monday, giving up an early rally over a stimulus package in China and refocusing on the acute pullback in spending that is pummeling U.S. companies.Stocks got only a short-lived boost from China's $586 billion plan to boost its economy through a mix of spending, subsidies, looser credit policies and tax cuts. The package could benefit multinational companies with business in China such as General Electric Co. and Caterpillar Inc.But Wall Street's optimism quickly waned, as it has tended to do since the mid-September downfall of Lehman Brothers Holdings Inc. and government takeover of the troubled insurance giant American International Group. Market participants realized that while China's stimulus is a positive sign that governments around the world are working to fix the global economy, the stimulus itself will likely have only a limited effect in the United States.There was little news Monday to placate investors concerned about the health of corporate America. AIG got more money from the U.S. government, but the nation's struggling automakers have yet to hear whether they, too, will get federal aid. And electronics retailer Circuit City Stores Inc. filed for bankruptcy protection.With few signs of recovery in the economy, investors aren't confident enough to make big bets on stocks, although they look cheap; the major indexes are down about 40 percent from their October 2007 peaks.They'd like to be optimistic, but individual investors are still very worried, said Hugh Johnson, chief investment officer of Johnson Illington Advisors. Uncertainty about the economic outlook is likely to hold any recovery somewhat in check. We're arguably undervalued, so we can work our way higher. But it's not going to be with a lot of gusto.Still, while trading was uneven, it was also fairly orderly, especially in the last hour, the time when Wall Street has seen some of its most intense volatility. And it was just the sixth session in eight weeks that the Dow Jones industrials did not close with a triple-digit move.The Dow fell 73.27, or 0.82 percent, to 8,870.54, after rising by 215 points in early trading and tumbling by as many as 183.Broader indexes also ended lower. The Standard & Poor's 500 index fell 11.78, or 1.27 percent, to 919.21, and the Nasdaq composite index fell 30.66, or 1.86 percent, to 1,616.74.

The U.S. government said it would invest $40 billion into AIG, which also reported a nearly $25 billion third-quarter loss Monday. AIG, which got its first bailout in September, has so far received a total of $150 billion in government aid. The government's investment Monday helped the insurer's stock rise 26 cents, or 12 percent, to $2.37, but raised worries that problems in the financial sector might be worse than anticipated. Most bank shares fell.On Friday, the major indexes rallied, but ended about 4 percent lower on the week after large mid-week losses.The fact is, we haven't been holding rallies very well, said Scott Fullman, director of derivatives investment strategy for WJB Capital Group. He said investors appeared be cashing out the gains made Friday ahead of what's expected to be a dismal retail sales report this week, and the bond market's Veterans Day holiday Tuesday.Anthony Conroy, managing director and head trader for BNY ConvergEx Group, said we're in that bottoming process, but that trading is apt to be volatile at least until Nov. 15 — the last day that hedge funds and mutual funds can get calls for redemptions for 2008. Redemptions are when investors ask for their money back.With stocks trading erratically, investors moved to the relative safety of government bonds.The Treasury auctioned three-year Treasury notes for the first time since May 2007, and the auction saw strong buying. Meanwhile, the three-month Treasury bill's yield fell to 0.22 percent from 0.28 percent late Friday, and the yield on the benchmark 10-year Treasury note fell to 3.76 percent from 3.79 percent late Friday.

Lower yields indicate stronger demand.

Investors are also watching for developments with General Motors Corp., Chrysler and Ford Motor Co. after the automakers met with congressional leaders last week in hopes of securing financial help.GM — one of the 30 companies that make up the Dow — fell $1, or 23 percent, to $3.36. Ford shed 9 cents, or 4.5 percent, to $1.93.

Democratic leaders in Congress on Saturday asked the Bush administration to provide more aid to the struggling auto industry, which is losing money and shedding jobs as sales have dropped to their lowest level in a quarter century. House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid said in a letter to Treasury Secretary Henry Paulson that the administration should consider expanding the $700 billion bailout program to include car companies. On Monday, Circuit City filed for bankruptcy protection about a week after it said it would close 20 percent of its stores. The electronics retailer, based in Richmond, Va., has been struggling as nervous consumers spend less and credit has become tighter. Shares sank 15 cents, or 60 percent, to 10 cents. In other corporate news, Tribune Co., the owner of the Los Angeles Times and Chicago Tribune, said it swung to a third-quarter loss of $121.6 million due to falling newspaper advertising sales. Citigroup Inc. is in talks to acquire a regional bank to boost the bank's presence in areas it already operates, including the Northeast, California and Texas, according to a report in The Wall Street Journal. The report did not name a potential target. Citigroup shares fell 61 cents, or 5.2 percent, to $11.21. The Russell 2000 index of smaller companies fell 12.69, or 2.51 percent, to 493.10. Declining issues outnumbered advancers by about 2 to 1 on the New York Stock Exchange, where consolidated volume came to 4.45 billion shares, down from 4.80 billion shares late Friday. A barrel of light sweet crude rose $1.37 to settle at $62.41 on the New York Mercantile Exchange. The dollar was mixed against other major currencies, while gold prices rose. Overseas, Japan's Nikkei stock average closed up 5.81 percent, and Hong Kong's Hang Seng index added 3.52 percent. In Europe, the Britain's FTSE 100 rose 0.89 percent, Germany's DAX added 1.76 percent, and France's CAC-40 rose 1.06 percent. On the Net: New York Stock Exchange: http://www.nyse.com Nasdaq Stock Market: http://www.nasdaq.com

2,000-year-old gold earring found in Jerusalem By SHAWNA OHM, Associated Press Writer – Mon Nov 10, 5:49 pm ET

JERUSALEM – A luxurious gold, pearl and emerald earring provides a new visual clue about the life of the elite in Jerusalem some 2,000 years ago. And its discovery was a true eureka moment for excavators.The piece was found beneath a parking lot next to the walls of Jerusalem's Old City. It dates to the Roman period just after the time of Jesus, said Doron Ben-Ami, who directed the dig.The earring was uncovered in a destroyed Byzantine structure built centuries after the piece was made, showing it was likely passed down through generations, he said.Archaeologists came upon the earring in a corner while excavating the ruins of the building under a parking lot. Suddenly one of the excavators came up shouting Eureka! said Ben-Ami.The find is eye-catching: A large pearl inlaid in gold with two drop pieces, each with an emerald and pearl set in gold.It must have belonged to someone of the elite in Jerusalem, Ben-Ami said. Such a precious item, it couldn't be one of just ordinary people.

Archaeologist Shimon Gibson, who was not involved in the dig, said the find was truly amazing, less because of its Roman origins than for its precious nature.

Jewelry is hardly preserved in archaeological context in Jerusalem, he said, because precious metals were often sold or melted down during the many historic takeovers of the city.It adds to the visual history of Jerusalem, Gibson added, saying it brings attention to the life of women in antiquity.Ben-Ami the piece's placement in the destroyed building protected it from looters and kept it preserved. Its location also showed that it must be older than the house itself.The Israel Antiquities Authority said the earring appeared to have been made using a technique similar to that depicted in portraits from Roman-era Egypt. Experts were able to date the earring by comparing it to similar finds in Europe.In a statement released Monday, the Antiquities Authority said the earring was astonishingly well-preserved. Finds from the Roman period are rare in Jerusalem, Ben-Ami said, because the city was destroyed by the Roman Empire in the first century A.D.Though Gibson dates the piece slightly later than the antiquities authority, to sometime between the second and fourth centuries A.D., he said its quality and beauty were impressive.And Ben-Ami said he expects more small, luxury items to turn up in future excavations.

Israel's Netanyahu softens line on peace talks By STEVE WEIZMAN, Associated Press Writer – Mon Nov 10, 11:22 am ET

JERUSALEM – Israeli opposition leader Benjamin Netanyahu on Monday pledged to continue negotiations with the Palestinians if he wins February elections, backing away from earlier hints he would abandon U.S.-backed peace talks.But Netanyahu gave no indication he would make significant concessions.Netanyahu refuses to discuss the future of the disputed city of Jerusalem, one of the core issues in negotiations for the past year. On Sunday, international Mideast mediators reaffirmed this framework, even as Netanyahu's office said he did not. Netanyahu's position on other key issues also falls far short of Palestinian and international demands.His statement that peace talks would move forward if he is elected prime minister appeared to be aimed at easing international concerns and sending a message to the Israeli electorate that he can get along with the rest of the world.Speaking to reporters after meeting international peace envoy Tony Blair, Netanyahu said that if his hawkish Likud party returns to power in February elections, he would emphasize efforts to boost the ailing Palestinian economy but would not halt political talks.We will move both the political negotiations forward and the economic peace that we've been working on, Netanyahu said.

A day earlier, his office said there was no point continuing the talks the talks inaugurated at an international conference in Annapolis, Md., last November.The talks call on Israel and the Palestinians to resolve all outstanding issues between them, including the conflicting claims to the holy city of Jerusalem and a final border between Israel and a future Palestinian state.Netanyahu gave few details on his vision for peace. But in a recent speech to parliament, he said Israel would have to retain all of Jerusalem and large chunks of West Bank territory claimed by the Palestinians.In the West Bank, Palestinian Foreign Minister Riad Malki said if Netanyahu wins, we want to test these statements ... to see if he is serious or just maneuvering.Polls currently place Likud and Foreign Minister Tzipi Livni's centrist Kadima neck and neck ahead of the Feb. 10 vote. Israel is holding the election, a year and a half ahead of schedule, because a corruption scandal is driving current Prime Minister Ehud Olmert from office.Livni has been leading Israel's negotiations for the past year and has acknowledged that Israel will have to make tough concessions for peace.

Diplomats: Uranium found at suspect Syrian site By GEORGE JAHN, Associated Press Writer – Mon Nov 10, 4:46 pm ET

VIENNA, Austria – Samples taken from a Syrian site bombed by Israel on suspicion it was a covert nuclear reactor contained traces of uranium combined with other elements that merit further investigation, diplomats said Monday.The diplomats — who demanded anonymity because their information was confidential — said the uranium was processed and not in raw form, suggesting some kind of nuclear link.But one of the diplomats said the uranium finding itself was significant only in the context of other traces found in the oil or air samples taken by International Atomic Energy Agency experts during their visit to the site in June.Syria has a rudimentary declared nuclear program revolving around research and the production of isotopes for medical and agricultural uses, using a small, 27-kilowatt reactor, and the uranium traces might have originated from there and inadvertently been carried to the bombed site. But taken together, the uranium and the other components found on the environmental swipes tell a story worth investigating, said the diplomat.

The second diplomat said the findings would figure in a report on Syria that will be presented to the IAEA's 35-nation board next week ahead of a scheduled two-day board meeting starting Nov. 24.Attempts to reach IAEA spokespeople after office hours for comment were unsuccessful.Diplomats already told The Associated Press late last month that air and soil samples taken at the site bombed last year by Israeli warplanes had turned up traces of elements that the agency felt needed to be followed up.The findings are important after months of uncertainty about the status of the investigation by the International Atomic Energy Agency.Preliminary results of the environmental samples collected from the site by an IAEA team were inconclusive, adding weight to Syrian assertions that no trips beyond the initial IAEA visit in June were necessary.The U.S. says the facility hit by Israeli warplanes more than a year ago was a nearly completed reactor that — when on line — could produce plutonium, a pathway to nuclear arms.

But Damascus denies running a covert program.

Ibrahim Othman, Syria's nuclear chief, has said his country would wait for final environmental results before deciding how to respond to repeated IAEA requests for follow-up visits to the one in June, when the samples were collected.But a diplomat attending a closed IAEA meeting in September told the AP that Syrian Ambassador Mohammed Badi Khattab suggested his country would not allow further visits under any circumstances because it was still technically at war with Israel and was concerned any additional IAEA probe would expose some of its non-nuclear military secrets.

Beyond wanting to revisit the site bombed by Israel, IAEA experts also want to follow up on U.S, Israeli and other intelligence that North Korea was involved in building the alleged Syrian program.Also, IAEA officials have been seeking permission to visit three other sites purportedly linked to the alleged reactor destroyed by the Israelis — although Syria already has said that those locations are off limits because they are in restricted military areas.Syria fears the IAEA probe could lead to a massive investigation similar to the probe Iran has been subjected to for more than five years — and to related fallout. Iran is under U.N. sanctions because of its refusal to heed Security Council demands to curb its nuclear activities.IAEA experts came back June 25 from a four-day visit carrying air and soil samples from the Al Kibar site hit by Israel. But intelligence suggests that radioactive material had not yet been introduced into the alleged reactor before it was destroyed.That left the inspectors looking for other components, including minute quantities of graphite, a cooling element in the type of North Korean prototype that allegedly was being built with help from Pyongyang. Such a reactor contains hundreds of tons of graphite, and any major explosion would have sent dust over the immediate area.

EUROPEAN UNION ARMY

DANIEL 7:23-25
23 Thus he said, The fourth beast (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.(TRADING BLOCKS)
24 And the ten horns out of this kingdom are ten kings(10 NATIONS) that shall arise: 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 NATIONS)
25 And he (EU PRESIDENT) shall speak great words against the most High, and shall wear out the saints of the most High, and think to change times and laws: and they shall be given into his hand until a time and times and the dividing of time.(3 1/2 YRS)

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.

DANIEL 11:36-39
36 And the king (EU DICTATOR) shall do according to his will; and he shall exalt himself, and magnify himself above every god, and shall speak marvellous things against the God of gods, and shall prosper till the indignation be accomplished: for that that is determined shall be done.
37 Neither shall he regard the God of his fathers,(THIS EU DICTATOR IS JEWISH) nor the desire of women, nor regard any god: for he shall magnify himself above all.(CLAIM TO BE GOD)
38 But in his estate shall he honour the God of forces:(WAR) and a god whom his fathers knew not shall he honour with gold, and silver, and with precious stones, and pleasant things.
39 Thus shall he do in the most strong holds with a strange god,(DESTROY TERROR GROUPS) whom he shall acknowledge and increase with glory: and he shall cause them to rule over many,(HIS ARMY LEADERS) and shall divide the land for gain.

REVELATION 19:19
19 And I saw the beast,(EU LEADER) and the kings of the earth, and their armies, gathered together to make war against him that sat on the horse,(JESUS) and against his army.(THE RAPTURED CHRISTIANS)

EU confirms plans to step up Bosnia presence
ELITSA VUCHEVA Today NOV 11,08 @ 09:22 CET


EU foreign ministers meeting in Brussels on Monday (10 November) reiterated the bloc's will to play a greater role in Bosnia and Herzegovina, while stressing concerns over the country's stability and expressing hopes that a political agreement signed over the weekend between the three main political parties was a step in the right direction.The Council emphasised the European Union's renewed willingness to step up its involvement in Bosnia and Herzegovina and to assume its responsibilities by making use of all the instruments at its disposal, the ministers' conclusions read. The Council reiterated its support for the aim of transition from the Office of the High Representative to a stronger European Union presence.Currently, the international community and the EU have a representative in Sarajevo - Slovak diplomat Miroslav Lajcak - who wields significant powers. The Office of the High Representative (OHR) was enshrined in the peace treaty ending the 1992-1995 Bosnia war - the so-called Dayton Agreements.But with the OHR likely to close by June next year, the EU has been considering ways to step up its presence in the country.The foreign ministers also welcomed a joint report drafted and presented to them by EU enlargement commissioner Olli Rehn and EU foreign policy chief Javier Solana, which stresses that a stronger engagement of the EU is today more essential than ever before.

Decision on Althea postponed to March

The bloc's diplomats voiced deep concern at Bosnia and Herzegovina's unstable political situation, and warned that the use of nationalist rhetoric by its leaders could ultimately threaten power sharing and the foundations of the state.With relations between the Bosniak and Serb leaders in the country - Haris Silajdzic and Milorad Dodik - deteriorating, the EU has multiplied warnings to Sarajevo in the last few months. Last week in its progress report on Bosnia, the European Commission said that inflammatory rhetoric has adversely affected the functioning of institutions and slowed down reform in the country.Over the weekend however, Bosnia's three main ethnic groups – Croat, Muslim and Serb – reached a deal to pursue EU-required reforms, including changing the country's constitution and holding a census by 2011.The EU noted with satisfaction the agreement ... between three of the main Bosnian parties and called for these proposals to be rapidly put into concrete form and invited the Bosnian political forces to unite around this project.Nevertheless, the bloc has at this point postponed a decision on withdrawing its peacekeeping force from the country.Everybody agrees that the main military job has been done but the political situation in Bosnia means we have to take our time, French defence minister Herve Morin, whose country holds the six-month rotating EU presidency, said after the meeting of the bloc's defence and foreign ministers.The idea is that we would revisit this in March and decide whether or not the operation should be concluded, he was quoted as saying by Reuters.The EU's Althea force replaced the NATO-led SFOR in December 2004 to oversee the military implementation of the Dayton Peace Agreement.

Kosovo: EULEX deadlock

Meanwhile, a deadlock on the deployment of the EU's police and justice mission EULEX in Kosovo seemed set to continue on Monday, after Kosovar Albanians rejected an amended UN plan on how EULEX should proceed.According to the plan - which reportedly now fits Serb demands - police in most of Kosovo, or the majority Albanian areas, would be under an EU umbrella, while in the northern part mostly populated by Serbs, they would remain under UN supervision.We respect all initiatives but we have said that Kosovo is an independent country, Kosovo President Fatmir Sejdiu said in Pristina.These points are interfering in the constitution of Kosovo, he added, newswires report.Mr Solana said in Brussels he still hoped an agreement between Kosovars, Serbs and the UN on EULEX deployment can be reached by the end of the week.

French foreign minister Bernard Kouchner added: The UN system has been more or less accepted by the Serbs. It must be now accepted by Kosovars.The deployment of the EULEX police and civilian administration team in Kosovo has already suffered several delays, with the initial plan stating it should be finalised by the end of the year.

Europe to tackle Somali pirates but not Congo rebels
VALENTINA POP Today NOV 11,08 @ 09:28 CET


EU defence ministers on Monday launched the bloc's first naval security operation to fight pirates off the coast of Somalia starting December this year. But German and British opposition scuppered French calls to send EU troops to another African conflict zone - eastern Congo.Though a bit hesitant in the beginning, Great Britain will lead the anti-piracy operation, dubbed Atalanta, with a British vice-admiral in charge and the headquarters established in Northwood, near London, French defence minister Herve Morin said on Monday (10 November) after chairing the EU meeting.

Britain is a great maritime power. It is a nice symbol that this operation be commanded by a British officer and from a British headquarters. It is a good symbol of the evolution in European defence, and I would say, of its coming of age, he said.

Our participation in the Somalia project is an important one, said David Miliband, the British Foreign Secretary. This is obviously a very challenging project but one that European leaders are approaching with real humility as well as determination.

The Franco-British rapprochement was hailed as a first by Le Figaro, which notes that since the launch of the EU's common security and defence policy (ESDP) in 1998, London has often seemed reluctant to fully participate in European military missions, as it always defended the primacy of NATO.Other countries such as Germany, Greece, the Netherlands and Spain, possibly also Portugal, Sweden and Norway are to contribute to the task-force, which will comprise at least seven ships, three of which frigates and one supply vessel, while also being backed by surveillance aircraft.Some MEPs, like UK conservative Geoffrey van Orden, have challenged the rationale of this mission, with NATO ships are also providing escort and assistance to UN food aid deliveries. Others, like Portuguese socialist Ana Gomes, have stressed that no such mission can be effective without tackling the root cause of piracy - state failure and lawlessness in Somalia.The EU initiative was taken after Somali President Abdullahi Yusuf Ahmed urged Somalis and the international community to combat rising piracy off the lawless nation's waters.The International Maritime Bureau said 63 of the 199 piracy incidents recorded orldwide in the first nine months of this year occurred in the waters off Somalia and in the Gulf of Aden. The heavily armed pirates prey on a key maritime route leading to the Suez Canal through which some 30 percent of the world's oil is transported.Under the mission's rules of engagement, EU nations that capture any pirates will not be allowed to hand them over to a state where suspects could face the death penalty, torture or degrading treatment.

No troops to Congo

France failed to get the support from the 26 other member states for sending a 1,500-strong EU battlegroup to support the 17,000 UN troops in their efforts to stem the violence in eastern Congo, however.According to the International Herald Tribune, opposition from Germany and Great Britain blocked this French initiative.French foreign minister Bernard Kouchner said there was an urgent need for 3,000 more soldiers to reinforce the 17,000 UN troops in Congo. The humanitarian situation is extremely disastrous and its intolerable, he said.British foreign secretary David Miliband said the European Union should encourage the African Union to do more militarily while promoting a political solution. We hear excuse after excuse from European countries about why they can't help and they pass the buck to another country, another continent, Juliette Prodhan from Oxfam International said in a statement. Their inaction has very human consequences ...How many more must suffer before Europe will take effective action?

Pan-European aircraft fleet

After experiencing difficulties in supporting the humanitarian and peacekeeping missions such as the one in Chad, EU ministers agreed on Monday to build a pan-European military aircraft transport fleet, to be operational in the next decade.

Pooling European aircraft and services will improve the lift capabilities and alleviate a significant European shortfall, Alexander Weis, chief executive of the European Defence Agency told defence ministers on Monday, explaining that the initiative would pool both European and US aircraft and transporters.Depending on their capabilities, the countries will make aircraft available for use, purchase or exchange flying hours and pool resources for training and maintenance.

EU resumes Russia talks, isolating Lithuania
RENATA GOLDIROVA Today NOV 11,08 @ 08:13 CET


EUOBSERVER / BRUSSELS - The European Union is set to return to the negotiating table with Russia in order to agree a new partnership treaty. But Lithuania has refused to bless the move, describing it a mistake.The decision came after a pretty lively debate by EU foreign ministers on Monday (10 November), with Bernard Kouchner - speaking on behalf of France's EU presidency - saying that 26 out of 27 [EU members] is not so bad ...and enough. EU external relations commissioner Benita Ferrero-Waldner added that it was in the union's objective interest to resume the EU-Russia negotiations. The existing treaty is outdated and needs to be modernised on issues such as energy security, she argued. Talks on a new strategic deal were put on ice on 1 September in response to Russian military retaliation over Georgia's crackdown on separatists in its breakaway region of South Ossetia. Russian troops were to withdraw to positions held before the short war to allow the resumption of EU talks.

Lithuania says Moscow has not lived up to the commitment, as its army operates in the Akhalgori district and the upper Kodori valley - zones inside the breakaway regions, but previously controlled by Georgian authorities. Russia now has 10,000 troops stationed in South Ossetia and Abkhazia, compared to 3,000 earlier.What has changed since 1 September? Why are we changing our own line on withdrawal of troops and the resumption of talks with Russia? Lithuanian deputy foreign minister Zygimantes Pavilionis told journalists after the ministerial meeting. It is not the right timing, he added, underlining that the union should not play with values and international committments. Is it a Munich of today? Well, we will ask France and the European Commission in years to come. History will show who was right, Mr Pavilionis said. Western powers France, the UK and Italy in Munich in 1938 agreed Germany could annex part of the then Czechoslovakia in a move seen by historians as contributing to World War II. Poland, which had earlier supported the Lithuanian stance, peeled away at the last minute. It's a dilemma. We should solve it by returning to the talks, but continuing to call for what we think is right, Polish foreign minister Radoslaw Sikorski said.The European Commission, which has a mandate to run the Russia negotiations on behalf of the 27-nation bloc, insists that Monday's decision is not a gift to Moscow and does not mean a change in position on Russian action towards Georgia.

It remains unacceptable, commissioner Ferrero-Waldner said, citing Moscow's violation of the territorial integrity of Georgia and its unilateral recognition of South Ossetia and Abkhazia as independent states. Georgia, for its part, said it was important that the matter is not closed, with the country's prime minister Grigol Mgaloblishvili saying in a statement on Monday that Georgia today remains a nation forcibly occupied by a foreign force.According to Antonio Missiroli from the Brussels-based European Policy Center, it would be counterproductive to continue a sanction-like approach vis-a-vis such a big and proud country like Russia.It could generate the kind of behaviour we don't want, he said. The analyst argued that a new Russia treaty is in the primary interest of the EU, particularly when it comes to rules on energy investments. Maybe breaking up the negotiations would do Russia a favour because Russia will be less bound to a code of conduct on energy supply that we would like it to be.The precise day for a fresh round of talks has not been announced yet, but they will take place soon after the EU-Russia summit in Nice (14 November). Mr Missiroli expects the negotiations to run at a low, technical level, with fewer meetings than before.

4,300-year-old pyramid discovered in Egypt NOV 11,08

SAQQARA, Egypt – Egypt's chief archaeologist has announced the discovery of a 4,300-year-old pyramid in Saqqara, the sprawling necropolis and burial site of the rulers of ancient Memphis.The pyramid is said to belong to Queen Sesheshet, the mother of King Teti who was the founder of the 6th Dynasty of Egypt's Old Kingdom.Egypt's antiquities chief Zahi Hawass made the announcement Tuesday at the site in Saqqara, about 12 miles south of Cairo.Hawass' team has been excavating the site for two years. He says the discovery was only made two months ago when it became clear that the 16-foot-tall structure uncovered from the sand was a pyramid.Hawass says the new pyramid is the 118th discovered so far in Egypt.

ALLTIME