Kagan: Disappear Free Speech If The Government Deems It Offensive
Paul Joseph Watson Prison Planet.com Tuesday, May 11, 2010
President Obama’s Supreme Court nominee Elena Kagan is perfect in every way – perfect that is if you think the role of the highest judicial body in the United States is to ban free speech, indefinitely detain Americans without trial, resurrect command and control socialism, while urinating on everything the Constitution stands for.We already discovered Kagan’s penchant for treating Americans as guilty until proven innocent, or in fact just plain guilty without even the chance to be proven innocent, when she was quoted as saying, That someone suspected of helping finance Al Qaeda should be subject to battlefield law — indefinite detention without a trial — even if he were captured in a place like the Philippines rather than a physical battle zone.So under that definition, if you send money to a charity later linked with some nebulous terrorist group then you are financing Al-Qaeda and could be thrown in Gitmo or some other CIA black site never to be seen again. And this is the woman being forwarded to sit on a body that is supposed to safeguard civil liberties? That would be like hiring Charles Manson to coach the high school basketball team.
But it gets worse. Now we learn that Kagan thinks certain expressions of free speech should be ‘disappeared’ if the government deems them to be offensive. On the surface that’s any opinion on racial, sexuality or gender issues, but since criticizing Obama is now deemed racist, where will it all end? In a 1993 University of Chicago Law review article, Kagan wrote, I take it as a given that we live in a society marred by racial and gender inequality, that certain forms of speech perpetuate and promote this inequality, and that the uncoerced disappearance of such speech would be cause for great elation.(emphasis mine).In a 1996 paper, Private Speech, Public Purpose: The Role of Governmental Motive in First Amendment Doctrine, Kagan argued it may be proper to suppress speech because it is offensive to society or to the government,reports World Net Daily.Kagan also argued as recently as September that corporations shouldn’t be allowed to engage in free speech, and that the government can censor things like newspaper editorials, as well as the political opinions of radio talk show hosts or television reporters.
Chief Justice John Roberts blasted Kagan’s argument at the time, reports Newsmax.
The government urges us in this case to uphold a direct prohibition on political speech. It asks us to embrace a theory of the First Amendment that would allow censorship not only of television and radio broadcasts, but of pamphlets, posters, the Internet, and virtually any other medium that corporations and unions might find useful in expressing their views on matters of public concern,he wrote.Kagan’s standpoint on free speech, that it is subject to regulation and definition by the government, has no place in America, completely violates the fundamental premise of the First Amendment, that even unpopular speech should be protected, and would be better suited for countries like Iran, Zimbabwe or North Korea.Little surprise therefore when we learn that in her undergraduate thesis at Princeton, Kagan lamented the decline of socialism in the U.S. as sad for those who still hope to change America.If Kagan is approved she is going to find an eager ally in White House information czar Cass Sunstein, who in a January 2008 white paper entitled Conspiracy Theories,called for the government to tax and outright censor political viewpoints it deemed unsavory.
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
REVELATION 13:16-18
16 And he(FALSE POPE) causeth all,(WORLD SOCIALISM) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(CHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM
WORLD MARKET RESULTS
http://money.cnn.com/data/world_markets/
CNBC VIDEOS
http://www.cnbc.com/id/15839263/site/14081545/?tabid=15839796&tabheader=false
HALF HOUR DOW RESULTS TUE MAY 11,2010
09:30 AM -3.73
10:00 AM -56.53
10:30 AM -48.82
11:00 AM -38.39
11:30 AM -0.91
12:00 PM +18.89
12:30 PM +28.64
01:00 PM +56.23
01:30 PM +21.22
02:00 PM +65.52
02:30 PM +19.74
03:00 PM -2.95
03:30 PM -19.50
04:00 PM -36.88 10,748.26
S&P 500 1155.79 -3.94
NASDAQ 2375.31 +0.64
GOLD 1,233.60 +32.80
OIL 75.96 -0.84
TSE 300 12,000.60 +52.70
CDNX 1612.58 +21.82
S&P/TSX/60 704.99 +2.59
MORNING,NEWS,STATS
YEAR TO DATE PERFORMANCE
Dow -98 points at 4 minutes of trading today.
Dow -99 points at low today.
Dow +94 points at high today so far.
GOLD opens at $1,219.90.OIL opens at $76.46 today.
ALLTIME GOLD HIGH IS $1,226.00 SEE IF THIS FALLS TODAY TO NEW RECORD.
ALLTIME GOLD HIGH IS TODAY $1,234.30
AFTERNOON,NEWS,STATS
Dow -99 points at low today so far.
Dow +94 points at high today so far.
WRAPUP,NEWS,STATS
Dow -99 points at low today.
Dow +94 points at high today.
The Unholy Trinity-Global gun control, shredding of capitalism and Supreme Court compromise By Laurie Roth May 10,10
Obama is gaining great ground with his plan to shred the U.S. constitution, moral traditions and freedoms. His evil and controlling plans are unfolding just as he and his controllers have planned for years. First of all, as I have said many times in the last few months on air and in print, if you want to have a real clue about where Obama and his staff are going and where they will take us, review the history of Hitler’s rise to power and the seduction, promises and terror that sucked in most of the German people in 1938. Obama is following the playbook perfectly.We have already seen the false promises of creating endless jobs from Obama…..NOT. Hitler did the same thing to German Parliament to manipulate enough votes to get the power with Hitler’s enabling act.We have already seen the draconian take over of our Health care system, for the first time forcing health care and rationed care on the American people, with threats and fines laced all through it, while the dreaded IRS controls it……and us. Hitler did the same thing, offering endless health care to all, while reflecting his evil worldview of as to what health care looked like. You talk about rationing, especially to the disabled and elderly, Hitler’s health care was a pro-abortion and murdering death machine, as is Obama care. Watch as it unfolds, babies, the elderly and the disabled will die…..long lines, rationed care AND SPECIFIC TREATMENTS DECIDED FOR YOUR DOCTORS BY GOVERNMENT OFFICIALS.
We see the manipulative and deceitful move on gun control. I predicted this from the beginning of Obama’s reign from hell. He and Hillary are going after International gun control through a treaty with the UN. They have always been planning this since they know so many in our country own guns and the Gun Owners of America and the NRA are so powerful with millions of voting members. These groups have always lobbied heavily with congress and had some weight since they reflect so many voters. So, as we are distracted with the BP spill and other news, it seems the US is planning to sign onto the International Gun Control Plan. This is backed by Secretary Hillary Clinton and one of her and Obama’s fantasies. They know that an international treaty will trump our gun laws and second amendment. Did I happen to mention yet that Hitler immediately went after guns in Germany after the Hitler’s enabling Act was voted in. He talked of the out of control violence, need for order, threat by communists, concern over children and the duty of everyone to help promote peace in the streets. Have we heard that slop anywhere before? We see the movement and organization as we are distracted by Obama building his military force within the U.S. As planned, this would be unleashed, hiding behind a health disaster or outbreak and an emergency event of some kind. Naturally, Obama gets to define just what that special emergency is before he unleashes his betrayal of Posse Comitatus and the American people.
We see the continued, tilt to the extreme, radical left with his latest pick, pro-abortion, radical Elena Kagan for Supreme Curt Justice. If she gets in, she would replace Justice John Paul Stevens. She is radically a pro abortion advocate and was on the legal counsel in the administration of Bill Clinton, an abortion fan as well. As Hitler did, Obama continues to surround himself, not with balance reflecting the constitution and people’s values but with immoral, radical, UN American nightmares. We have smelled the Sewage with most of the assigned czars that bypass congress, but now Obama carries his misrepresentation and betrayal even further with Supreme Court nominees.So, we see Health care take over and rationing, private industry take over, banking take overs, spending out of control and abortion cart blanche. Now we see radicals nominated for the Supreme court, signed International treaties to finally come and get our guns, growth of a domestic, Obama controlled military and the continued shredding of Capitalism and freedom. It’s a beautiful day in the neighborhood.Did I say yet that this is the flow of events that Hitler followed almost exactly.We can and must win this fight against tyranny and the Obama regime. We will, IF WE ALL FOCUS, GET REAL CONSERVATIVES VOTED IN THIS FALL AND TAKE BACK OUR CONGRESS……..THEN THE WHITE HOUSE AT YEAR 4.Prepare in your hearts now as to how else you can fight and make a legal difference. Join the Roth Revolution with me at www.therothshow.com. It is free, you can blog, chat, get my reports and news. Attend Tea Party events. Send faxes to congress www.faxdc.com. Call your Representatives and Senators and tell them to stand against Cap and Trade, Health care control, Gun control, Pro-Abortion Elena Kagan and amnesty for illegal aliens. We will survive but we have to suck it up, work it and focus like never before.
LINKS TO STORY
http://canadafreepress.com/index.php/article/23005
Tyranny, and Putting Some Questions to Rest
By Jim O'Neill Monday, May 10, 2010 CFP
We won’t stand for tyranny, oh king.—TJ and the Revo Too Late to Apologize: A Declaration.First of all, it is not a birth certificate, and secondly it is not valid.I’m talking about Obama’s green altered COLB (Certificate Of Live Birth), that everyone from Fox’s Bill O’Reilly, to CNN’s Anderson Cooper, to White House Press Secretary Robert Gibbs, have been pointing to as proof that Obama is a Natural citizen of the United States, and therefore eligible to be POTUS. Link I’ll write this slowly so that Bill O’Reilly, and others of like-mind (the after-birthers) can follow along.The COLB says in great big EZ-to-read letters Any Alterations Invalidate This Certificate.Check.
The COLB has been altered (certification numbers blacked out). Check
Ergo, the COLB is invalid. Check.
Check, check, and check. Please reread the above as many times as needed in order to process it. I’ll wait.Okay? If you want to debate the importance of the certification numbers, that’s one thing, but to claim that the certification is valid, is quite another. The COLB waved around by so many, as proof of Obama’s eligibility to be POTUS, is invalid. Period.And, need I add, a COLB is certainly not a birth certificate. Again, claiming that an invalid COLB is as good as a genuine birth certificate is one thing, but to claim that they are one and the same, is quite another.Link
The Obama COLB that has been on display at FightTheSmears.com and other websites, is neither valid, nor a birth certificate—it never has been, and never will be. Exclamation point.>Link
The question remains: Where’s the birth certificate? And you had darn well better believe that’s a valid, sensible, and important question. Some folks seem fond of pointing to two newspaper birth notices, reputedly placed in Hawaiian newspapers during 1961. They mockingly say something to the effect of Oh yeah, sure, somebody was so clairvoyant, that they placed Obama’s birth notice in the Hawaiian papers in 1961, because they knew he would someday be President almost half a century later. Ha ha.Link.Reasoning such as this, embraces several different fallacies of logic. I’ll pick Appeal to Ridicule—also known as Appeal to Mockery.In this form of fallacy (i.e. faulty logic), some form of ridicule is aimed towards a claim.
Link.According to the Nizcor website This sort of reasoning is fallacious, because mocking a claim, does not show that it is false.That bears repeating, mocking a claim does not make it false.(When dealing with the Far Left, pundits, and politicians in general, it’s always a good idea to bone-up on your knowledge of fallacies).Link.Indeed, claiming that someone planted birth notices in two Hawaiian papers because they somehow knew Obama would be POTUS decades later, is ridiculous. But let me hasten to add, that thinking that such a reason is the ONLY cause for someone to fake a birth announcement, is idiotic.I can think of several, better, reasons for faking such an announcement. At the top of the list, would be so that a baby born outside of the U.S., could claim U.S. citizenship, and all of the perks that U.S. citizenship entails.Link
The elephant in the room, however, is that even if Obama was born in Hawaii, he is still not a Natural born citizen, as the Constitution (Article 2, Section 1, Clause 5) says he must be, in order to be eligible to be POTUS.Link Obama’s father, if not Obama himself, was born in Kenya, and was (everyone agrees on this point) a citizen of Kenya, at the time of Obama’s birth. Ergo, since BOTH of Obama’s parents were NOT U.S. citizens at the time of his birth, he cannot conceivably qualify to be POTUS, according to the Constitution. Link.Obama may be Native born—indeed, the left-wing website FightTheSmears.com states that Barack Obama was born in the state of Hawaii in 1961, a native citizen of the United States of America.Link.A Native citizen—because he was born in the U.S. (so they say), but NOT a Natural citizen (Natural born), because BOTH parents were NOT U.S. citizens. Link.Regardless of whether or not Obama was born in Hawaii, he is, at best, a Native citizen—not a Natural citizen, and hence ineligible to be POTUS.Link.Just ignore the left-wing’s legal-weasel lawfare, and their spinmeister spiels of smoke and mirrors misdirection. The truth shall set us free.Link.I am, of course, far from being the first to bring these facts out into the open—I’m only the latest in a long line. Several other writers at Canada Free Press, and numerous other columnists have written about this topic. Not to mention the many lawsuits that have been brought to court. Link.Currently, the cases of Lt. Col. Lakin, and Commander Walter Fitzpatrick III, are on the front burner. Both are men of integrity and honor, who have taken to heart, their oaths to defend the Constitution. They put the court-eunuchs at the Pentagon to shame. Link
Now that the eligibility issue has been settled, perhaps it’s time to look into why Obama has kept his past—from kindergarten school on up—hidden from we the people. Link.Perhaps it’s time to look into why Barack and Michelle Obama felt called upon to surrender their licenses to practice law. Perhaps it’s time to find out about Obama’s purported years at Columbia—especially his trip to Pakistan. Link and Link
And, of course, there’s the more fundamental and wider issue of, who are the puppet-masters behind Obama? Who greased the skids for his way into Harvard; got him placed as a keynote speaker at the 2004 Democratic Convention, and helped clear the way for his meteoric rise in politics? I’ll be watching Pastor James D. Manning’s upcoming C.I.A., Obama, Sedition and Treason Trial,with great interest (May 14-19). Link
Laus Deo.P.S. Congratulations are in order for Navy SEALs, Matthew McCabe, Jonathan Keefe, and Julio Huertas—all have been acquitted on the charge of “being too mean” to a Muslim terrorist. Hooyah, gentlemen! Link.And screw the duplicitous scum who brought the charges against them in the first place. Link.Join the NPA (National Precinct Alliance)!(thanks Bob)
Obama Number One on information Highway Takeover
By Judi McLeod Monday, May 10, 2010 CFP
The Won included Canada Free Press (CFP) on his email introduction to Elena Kagan this afternoon.CFP made it to the Obama mailing list because Senator Barbara Boxer, who used hers to send sarcastic letters to Canadian climatologist, CFP columnist Dr. Tim Ball, shared our addy with other Dems. It shouldn’t have been a shock to find an email From: Barack Obama (info@barackobama.com)among our emails today even though Obama feigned to be anti-info gizmo to graduating Virginia students on the weekend.
Internet giants like Drudge and FoxNews are making a big deal about how Obama is joined at the hip with his biggest toy, his Blackberry, is a constant presence on FaceBook, has an iPod still loaded up with Michael Jackson songs, yada, yada, yada.
Within months of his January 20, 2009 inauguration, Obama invited to the White House the 30-year-old creme de la creme of the Communications industry at his first White House Summit Series. (See photo and attendees below)In Hampton, VA, Obama lamented that in the iPad and XBox era, information has become a diversion that is imposing new strains on democracy, in his latest critique of modern media.In the reality of the day, information has not become the diversion but Barack Obama has become the Information.
From: Barack Obama info@barackobama.com
Date: May 10, 2010 4:25:37 PM EDT
To: cfp@canadafreepress.com
Subject: Elena Kagan
Reply-To: info@barackobama.com
Friend—
Today, it is my great honor to nominate our Solicitor General, and my friend, Elena Kagan, to be the next justice of the United States Supreme Court.As I send my nomination to the Senate, I wanted to record a special message for you that I hope will help us launch a national discussion.Take a minute to watch this video, and then help me to introduce Elena to your friends and family by passing it on.Elena is widely regarded as one of the best legal minds of her generation—earning praise from across the ideological spectrum throughout her career. Above all, she is a trailblazer. She wasn’t just the first woman to serve as dean of Harvard Law School—she was one of its most beloved and successful leaders, building a reputation for openness to other viewpoints and skill in working with others to build consensus. These were some of the many reasons why I selected her to be my Solicitor General, the nation’s chief advocate—the first woman to hold that post as well.Her work as Solicitor General has allowed me to see firsthand just why Elena is particularly well-suited to the Court: She has not only a keen understanding of the law, but also one that is rooted in a deep awareness of its impact on people’s lives. Last year, she made that clear—choosing the Citizens United case as her first to argue before the Supreme Court, defending bipartisan campaign finance reform against special interests seeking to spend unlimited money to influence our elections.
Now, I look forward to the prospect of Elena taking her seat alongside Justice Ginsberg and Justice Sotomayor. For the first time, our nation’s highest court would include three women, ensuring a Court that would be more inclusive, more representative, more reflective of us as a people than ever before.When Justice Stevens wrote me to announce his retirement, I knew that the Court would be losing a standard bearer. And I felt a responsibility to nominate an individual capable of being that same guiding force, a consistent voice of reason on the Court.I am certain I have made the right choice. As you learn more about Elena, I am confident you’ll see what I do—that she is a voice we need on the Supreme Court.Please watch the message—and share it with others:Thank you,President Barack Obama,Whitehouse attendees included:
•Twitter Co-founder and CEO Evan Williams
•Zappos CEO Tony Hsieh
•Blackboard founder and CEO Michael Chasen
•Kiva co-founder Jessica Jackley
•DailyCandy COO Catherine Levene
•Kluster Founder and CEO Ben Kaufman
•Ecko Enterprises founder Marc Ecko
•Tishman Speyer Co-CEO Rob Speyer
•Trump SVP Ivanka Trump
•UnderCurrent Co-Founder Josh Spear
•Venturehouse Group Founder and CEO Mark Ein
•Mint.com founder and CEO Aaron Patzer
•New York Observer Owner and Publisher Jared Kushner
•Eastbanc CFO Philippe Lanier
•Method Co-Founders Eric Ryan and Adam Lowry
•MTV VP of Public Affairs Jason Rzepka
•CAA Agent Matt Mazzeo
•Toms Shoes Founder Blake Mycoskie
•Threadless Founder Jake Nickel
•Karmaloop Founders Dina and Greg Selkoe
•Niche Media Founder and CEO Jason Binn
•Clearspring Founder and CEO Hooman Radfar
•College Humor Co-founder Josh Abramson
DANIEL 7:23-24
23 Thus he said, The fourth beast(THE EU,REVIVED ROME) shall be the fourth kingdom upon earth,(7TH WORLD EMPIRE) which shall be diverse from all kingdoms, and shall devour the whole earth, and shall tread it down, and break it in pieces.(TRADE BLOCKS)
24 And the ten horns out of this kingdom are ten kings that shall arise:(10 NATIONS) and another shall rise after them;(#11 SPAIN) and he shall be diverse from the first, and he shall subdue three kings.(BE HEAD OF 3 KINGS OR NATIONS).
Greece to ask for first slice of EU, IMF loan aid
by John Hadoulis - MAY 11,10
ATHENS (AFP) – Greece prepared to ask the EU and IMF on Tuesday for a first loan of 20 billion euros to avoid bankruptcy after the government unveiled radical pension reforms that have alarmed the country.The money would be the first tranche of an unprecedented 110-billion euro (140-billion dollar) emergency rescue package agreed with the European Union and the International Monetary Fund in return for drastic budget cuts.The tranche of 14.5 billion euros from the EU and 5.5 billion euros from the IMF should be available, possibly within the day, a finance ministry source told AFP on condition of anonymity.The ministry will send a letter to the European Commission, the European Central Bank and the International Monetary Fund formally requesting the activation of the bailout, the source added.Greece needs nine billion euros by May 19 to meet debt repayments and tens of billions more in the next few months as its access to debt markets has effectively been blocked by high rates demanded by investors.
The yields on 10-year government bonds rose to 7.850 percent during trading on Tuesday from 6.717 percent late on Monday, indicating a loss of investor confidence. Shares on the Greek stock exchange were also down 2.12 percent.The debt crisis has sparked a series of major protests in Greece, including three general strikes in as many months and large-scale demonstrations in the streets of Athens last week in which three people died.Greece's two main trade unions are preparing a major rally for Wednesday.The workers, the pensioners and the unemployed want the rich to pay for the crisis and the taxes, said a spokeswoman for the GSEE private sector union.
The Communist-affiliated trade union association Pame called for a counter-attack against the government's plans, calling them a monstruosity.Greek newspapers meanwhile reacted with alarm to the pension reform unveiled by the government on Monday as part of its efforts to reduce the public deficit from around 14 percent to under the EU limit of three percent by 2014.Triple shock to pensions said pro-opposition Eleftheros Typos, pointing to pension cuts, higher contributions and tougher retirement rules.40 years of work for a 35-year pension, added the left-wing Eleftherotypia daily while the pro-government To Vima daily spoke of Wild cutbacks.
There is a way out for the people, the Communist party mouthpiece Rizospastis said. The monumental demonstrations of recent days are a hopeful sign that workers are not prepared to submit.Labour Minister Andreas Loverdos acknowledged that the abolition of twice-yearly bonus payments that many Greeks have come to rely on to supplement their pensions was unfair and said that they could be restored.The measure taken to cut pension bonuses was unfair and we aim to restore them if Greece makes progress in cutting costs in other sectors later in the year, Loverdos said in an interview on Flash Radio.In presenting the reform on Monday, Loverdos told the cabinet that the pension system faced collapse in 2015 without reform.The new system would see an average reduction in pensions of seven percent by 2030 while the upper category of pensions would be cut by up to 14 percent. The reform would also raise the average effective retirement age to 63.5 from 61.4, curbing Greece's widespread early retirement schemes.
Trichet forced to defend ECB independence
ANDREW WILLIS Today MAY 11,10 @ 09:28 CET
European Central Bank President Jean-Claude Trichet has mounted a vigorous defence of the bank's decision to purchase government bonds, insisting he did not give in to pressure from national politicians. Shortly after EU finance ministers unveiled a €750 billion financial rescue package in the early hours of Monday morning (10 May), the ECB indicated its intention to start purchasing public and private debt securities as part of the co-ordinated relief effort for struggling eurozone states.
We are fiercely and totally independent. This decision is the decision of the governing council and not the result of any kind of pressure of any sort,the ECB chief said later in the day after a meeting of central bankers at the Bank for International Settlements, Basel, Switzerland. The central bank has justified its decision to enter into the sovereign debt secondary market as a necessary measure to ensure depth and liquidity in those market segments which are dysfunctional.
Investors had cited the lack of such a decision at last Thursday's meeting of the ECB's governing board as one of the reasons behind the subsequent plunge in global stock markets the following day. Despite being in close contact with national governments over the weekend, Mr Trichet said the bank's decision to perform an apparent u-turn was made taking into account the circumstances to do what we had to do, totally independently of any kind of signalling or suggestion or whatever.I told that to the various governments of Europe in the fiercest manner, including when I had a meeting with the heads [on Friday]. That's as clear as that,he said.The fact that European Commission officials began telling journalists about the bond-purchase move before Mr Trichet's announcement reinforced the idea that external voices played a big role in the decision-making process, however.Indicating on Monday that purchases were already under way across Europe, Mr Trichet defended the move saying the bank would sterilize the liquidity it injects with removals elsewhere, and called on governments to now step up their budget consolidation efforts.
Weber
Some analysts have said the move amounts to a further bail-out of overspending governments, with Mr Trichet conceding that the decision to buy bonds was not taken unanimously. On some of the decisions there was unanimity ...and on some there was an overwhelming majority,he told Bloomberg Television in Basel.On bond purchases we had an overwhelming majority.German central banker Axel Weber, a top contender to take over from Mr Trichet next year, appears to be one of the bank's council members who may have opposed the move. The purchase of government bonds poses significant stability risks and that's why I'm critical toward this part of the ECB council's decision,Mr Weber said in Monday's edition of Germany's Boersen-Zeitung newspaper.
Markets across the globe initially reacted well to the co-ordinated European package, with share, bond and euro currency values soaring. However the rally appeared to fizzle out in Asian markets on Tuesday morning, as investors grew cautious again.Analysts have warned that ECB purchases of bonds from weaker eurozone states such as Spain and Portugal could result in a short-lived recovery, as other investors continued to hold off. The [bond] spread tightening has so far been driven mostly by ECB purchases and some short-covering, with much less buying interest from real money accounts,Marco Annunziata, chief economist at UniCredit, told the Telegraph newspaper.
German govt approves share of euro rescue package By VERENA SCHMITT-ROSCHMANN, Associated Press Writer - MAY 11,10
BERLIN – The German government approved its share to the bold $1 trillion rescue package for the euro on Tuesday, hoping to get swift support by parliament and to further stabilize the troubled European currency.Chancellor Angela Merkel's cabinet adopted plans for legislation promising German guarantees for at least euro123 billion ($157 billion) in loans, a government official told The Associated Press. He declined to be named in line with government policy.The measure is part of a euro750 billion package agreed by European Union members and the International Monetary Fund last weekend.The package helped boost the currency and stock markets Monday, but by early Tuesday the cherish mood seemed to fade and the euro slipped to $1.2670 in European midday trading — down from $1.2804 in New York late Monday.French Finance Minister Christine Lagarde tried to bolster the currency Tuesday saying the euro is solid.She said European leaders realized that strong action was needed when institutional investors began to lose confidence last week in the 16-nation currency.
The 27 EU member states had adopted the plan after frantic talks lasting into the early hours of Monday. It consists of a euro60 billion ($76 billion) European Commission lending program, euro440 billion ($560 billion) in new loans by the 16 euro nations, and euro250 billion ($318 billion) from the IMF.Germany's share is at least euro123 billion but could go up to euro150 billion, according to opposition politicians informed by Merkel Monday afternoon. Germany will have to shoulder more if countries facing financial troubles of their own should be unable to hand out loans.Opposition leaders Juergen Trittin of the Greens and Gregor Gysi of the Left Party voiced dissatisfaction that it remained unclear how much the German taxpayer will be billed and what the government plans entail.Economist Christoph Schmidt, a top government adviser, also criticized the plan. That is really not how we wanted the common European currency, Schmidt told the mass circulation Bild's Tuesday edition.What is happening is the opposite of what we Germans thought to be stable currency policy and an independent European central bank.He said the European governments simply bought some time with the package without defining clear conditions like reducing the debt of member states.Government and opposition parties were to start discussing the German measure later Tuesday. It is supposed to go to the floor next week but will likely not be adopted before June 4.
Obama phoned Merkel on euro bail-out
VALENTINA POP Today MAY 11,10 @ 09:48 CET
EUOBSERVER / BRUSSELS – US President Barack Obama telephoned German Chancellor Angela Merkel over the weekend to persuade her to agree to the €750 billion bailout package for the eurozone.Mr Obama made two phone calls to German Chancellor Angela Merkel in the last three days and also spoke to French President Nicolas Sarkozy as EU leaders and then their finance ministers were struggling to pin down the deal, White House spokesman Robert Gibbs said Monday.The president and his economic team have been following and engaged in this situation for quite some time, he said, noting Mr Obama had spoken about the need for strong action to give confidence to the markets.We are pleased thus far with that result,he added.According to the New York Times, Mr Obama was on the phone with the German chancellor on Friday offering urgent advice and some not so subtle prodding" that Europe needed an overwhelming rescue package of the sort Washington came up with in 2008.He was trying to convey that he knew these were politically difficult steps that the leaders there had to take, that he had gone through them as well. And that, from his experience, trying to get out ahead as much as possible was the right way to go, one senior administration official familiar with the conversation told the US newspaper.His administration also offered concrete help: the Federal Reserve would swap euros for dollars, easing pressure on European central banks.Europeans waited too long with the Greek bailout and fueled speculation about the fragility of the entire eurozone, another US official told the New York Times.Had they acted sooner, he said,They might have gotten away with less.Ms Merkel is seen as responsible for dragging out the European response to the Greek crisis and systematically opposing moves for greater economic integration.
The Social-Democratic opposition has accused her of concealing the real proportions of the euro-crisis, for political reasons. There were regional elections North Rhine-Westphalia on 9 May, which in the end were lost by her party and with it the majority in the upper house.Social Democrat MP Thomas Oppermann, one of the leaders of the party in the Bundestag, told Die Welt newspaper Ms Merkel was now standing in front of the wreckage of her own delaying tactic.Now Ms Merkel is at the mercy of the unleashed financial markets, he said.The SPD will be instrumental in approving the German contribution to the bail-out, as it holds the majority in the upper chamber, which has to approve it.Ms Merkel has called for a cabinet meeting today (11 May) to sketch out a legislative bill to this end. The Social Democrats estimate that the total bill for Berlin will be around €150 billion, higher than the estimated €123 billion as not all of the eurozone countries will have the cash to pay for it.Ms Merkel's own coalition partner, the Liberal Free Democratic Party, has expressed dissatisfaction at the firefighting action agreed over the weekend, especially at having the European Central Bank buy up government bonds – so far a taboo for Berlin.Such actions need to be taken with consideration of the independence of the ECB,Liberal leader Wolfgang Gerhard said, according to Spiegel Online.
Mixed support for ECB bond purchases
ANDREW WILLIS 10.05.2010 @ 15:56 CET
EUOBSERVER / BRUSSELS - A decision by the European Central Bank to purchase government bonds for the first time has drawn a mixed reaction from analysts, while an EU announcement to set up a massive support mechanism for struggling governments has led to a strong rally in financial markets. In the early hours of Monday morning (10 May), EU finance ministers meeting in Brussels reached an agreement on a €500 billion European Financial Stabilisation mechanism, quickly followed by a statement from the ECB saying it would make its first foray into buying government debt, a process known as quantitative easing. European stocks surged during morning and early afternoon trading with the Eurofirst 300 up 6.3 percent. Government bonds in peripheral eurozone countries, previously identified by market players as being vulnerable, also staged a strong comeback. ECB intervention as part of the co-ordinated European effort to put an end to recent eurozone turmoil has been broadly welcomed, although question marks have been raised over the bank's jealously-guarded independence. In a statement to the press, the ECB's governing council justified its latest move, saying it had taken note of the statement of euro area governments to take all measures needed to meet [their] fiscal targets this year and the years ahead in line with excessive deficit procedures.The bank also said that the purchasing operation would be sterilized by withdrawing liquidity elsewhere, in order to avoid the creation of new inflationary pressures. Under the EU treaties, the bank is prevented from mirroring recent US and UK central bank actions in buying debt directly from governments, but is allowed to do so on the secondary market. Germany's central bank, the Bundesbank, has already begun buying European government bonds, a spokesman told AFP on Monday.Deutsche Bank chief international economist, Stefan Schneider, said the move was justified and was unlikely to lead to longer-term rises in inflation above two percent, the ECB's stated threshold. I would be surprised if inflation expectations budged,he told EUobserver. He conceded that the perception of the bank's independence could be eroded, however. Obviously the independence will be questioned more than a week ago, but ultimately this action is not to bail-out governments, it is to keep the debt market functioning, he said.
The central bank has also been quick to stress that it does not wish to provide monetary financing of excessive fiscal deficits, but the decision still marks a dramatic about turn, with ECB president Jean-Claude Trichet saying only last Thursday that the governing board had not discussed the purchase of government bonds.
The move follows rumours last week that banks were becoming increasingly dubious about whether to make further purchases of debt from peripheral eurozone states, raising the prospect of ever-higher borrowing costs or of a country failing to find enough buyers during future bond issuances. Markets have concentrated on 19 May when Athens is due to roll over roughly €8.5 billion in bonds as a crucial date in the country's debt calendar.Deadline's for other countries are also looming however, with Spain needing to refinance €81 billion of debt by the end of this year, and Portugal €19 billion.The ECB said it would also re-start dollar lending operations and bring back some of the emergency liquidity measures it had started to phase out.
Europe awaits fine print of Spanish austerity plan
LEIGH PHILLIPS 10.05.2010 @ 18:08 CET
EUOBSERVER / BRUSSELS - European Union institutions are awaiting the fine print of Spain's plans for additional austerity measures first announced on Sunday (9 May), amid concern that Madrid's package may not be sufficient to calm markets and avoid a Greek-type scenario.Both Spain and Portugal were specifically mentioned in the language of a new EU measure on Sunday establishing a shock-and-awe bail-out package for eurozone economies whose ability to raise funds on the money markets is dwindling.European Commission officials said on Monday that the reason the two countries were named and shamed was a form of peer pressure to try to force Spain - which currently holds the six-month rotating presidency of the EU - in particular to take a tougher approach.Only two member states were mentioned. The ones that are the most subject to market turbulence. But the funds are theoretically open to all member states and as we have learnt from the past months, things can change very quickly, the official said.No one was looking at Spain or Portugal just a short while ago.Just look at the deteriorating situation of Portugal. It is in the same situation as Greece was a few weeks ago.The official underscored however: Spain is not at the moment a beneficiary of this mechanism, so at no point [during the Sunday finance ministers' meeting] was there a discussion on policy conditions for Spain or Portugal or anyone, but a number of minister pointed to the need for Spanish and Portuguese authorities to take further consolidation measures.In what some EU sources have described as a frank and others a stormy meeting at the weekend, it is understood that Germany and the Netherlands in particular put pressure on Spain to come up with additional savings, a position also reportedly favoured by Sweden, Finland, France and the European Central Bank.
According to one contact in the European capital: Coming in, [Spanish economy minister Elena] Salgado didn't have the intention of making further commitments, but it became clear over the course of the meeting it would have to be done.Portugal had announced fresh measures on Thursday and therefore avoided the same opprobrium. In what was the second round of austerity announcements made in the last fortnight, centre-left Prime Minister Jose Socrates outlined cuts to the public sector that he hopes will slash the budget deficit to 7.3 percent of GDP this year, down from an earlier announced goal of 8.3 percent. In the end, the consensus among EU finance ministers was that Spain's objective of a two percent reduction over a two-year period is appropriate, but they need to see details of the measures. We expect further measures from the Spanish authorities too,said a commission official.Spain on Sunday announced additional cuts of 0.5 percent in 2010 and one percent in 2011. This comes atop the 0.5 percent cuts announced in March.Spanish Prime Minister Jose Luis Rodrigues Zapatero is to outline details of the measures on Wednesday. EU economy and finance ministers will then analyse the plan on 18 May and the commission will give its recommendations in June. Yet an early draft version of the EU bail-out mechanism agreed on Sunday contained specific additional budget demands of fiscal consolidation from Spain and Portugal worth 1.5 percent of national income this year and two percent the next.At a summit of eurozone premiers and presidents on Friday night, EU leaders were shown a graph of predicted bond spreads that showed that Portugal, Spain and Ireland could be in the same situation as Greece within weeks, according to a report in the UK's Observer newspaper.However, on Monday, a commission official said: Ireland is doing what it needs to do.Economic and finance commissioner Ollie Rehn last week encouraged Ireland to accelerate its austerity plan, but said that the worst was over for the Irish economy. It is thought that Dublin, which has already implemented swingeing cuts, is being held up as a role model for Spain and Portugal.
EU eyes open borders with post-Soviet countries
ANDREW RETTMAN Today MAY 11,10 @ 09:17 CET
The EU is likely to take a big step toward visa-free travel with Russia at an upcoming summit. But Poland wants to make sure that other post-Soviet countries, especially Ukraine, are also included.EU foreign ministers in Brussels on Monday (10 May) raised the prospect of handing Russia a roadmap for visa-free travel at a regular summit to take place in Rostov-on-Don, near the Black Sea coast, on 31 May.
Finland's Alexander Stubb said after the meeting that Germany favours the idea.For me the key issue of the summit is the visa issue,he told German press agency DPA. There have been very positive movements: Germany has been a swing state.The roadmap is a list of reforms that a country has to put in place to qualify for visa-free travel, such as introduction of biometric passports, adoption of laws on data protection and improvement of border security. It does not oblige the EU to drop visa requirements on a set date. But it does oblige the union to react if the target country meets the criteria.Polish foreign minister Radek Sikorski said the EU should not leave out in the cold the six post-Soviet countries in its Eastern Partnership scheme, however. The scheme covers Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine.The political impulse for intensifying visa dialogue must be the same for all these countries - Russia and the six countries of the Eastern Partnership, and we will defend this. Visa policy cannot go against our declared foreign policy," he told Polish media on Monday.
Visas are a hot topic in eastern Europe.
Prior to starting visa-facilitation talks, Georgia had for years complained that the EU is undermining its territorial integrity by letting people with Russian passports, including those in its breakaway Abkhazia and South Ossetia regions, travel on easier terms than people with Georgian passports. Ukrainian diplomats are bitter that the EU is happy to open borders with Russia but not with Ukraine, despite Ukraine's democratic transformation.Ease of travel also makes a big difference to ordinary peoples' feeling toward the EU and their appetite for pro-EU reforms.A recent study by the Stefan Batory Foundation in Warsaw noted that Polish consulates have granted 73 percent fewer visas to Belarussians since Poland joined the EU's passport free Schengen zone in 2007, tightening entry rules.A survey by a consortium of Ukrainian think tanks found that many people face queues, days-long delays, mysterious extra fees and unexplained refusals when trying to visit the EU.
Friends like these
Representatives from 14 countries calling themselves the Friends of Ukraine - the Czech Republic, Estonia, Finland, France, Germany, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, Spain, Sweden and the UK - met with Ukraine's foreign minister, Kostyantyn Gryshchenko, at the Polish embassy in Brussels on Monday morning. Mr Sikorski said the Mr Gryshchenko promised Ukraine that will not enter a customs union with Russia and will not recognise Abkhazia and South Ossetia. I hope that one of the things our Ukrainian friend took out of the meeting is that Ukraine will not come closer to the EU for geopolitical reasons, but only if it carries out on its side what it has already committed to,he added.The Ukrainian foreign ministry said in a statement that: The new Ukrainian authorities believe the realisation of this idea [EU integration] is impossible without also ensuring predictable, constructive and economically beneficial relations with Russia.
EU DICTATOR (WORLD LEADER)
REVELATION 17:12-13
12 And the ten horns (NATIONS) which thou sawest are ten kings, which have received no kingdom as yet; but receive power as kings one hour with the beast.(SOCIALISM)
13 These have one mind,(SOCIALISM) and shall give their power and strength unto the beast.
REVELATION 6:1-2
1 And I saw when the Lamb opened one of the seals, and I heard, as it were the noise of thunder, one of the four beasts saying, Come and see.
2 And I saw, and behold a white horse:(PEACE) and he that sat on him had a bow;(EU DICTATOR) and a crown was given unto him:(PRESIDENT OF THE EU) and he went forth conquering, and to conquer.(MILITARY GENIUS)
REVELATION 13:1-10
1 And I stood upon the sand of the sea, and saw a beast rise up out of the sea, having seven heads and ten horns, and upon his horns ten crowns, and upon his heads the name of blasphemy.(THE EU AND ITS DICTATOR IS GODLESS)
2 And the beast which I saw was like unto a leopard, and his feet were as the feet of a bear, and his mouth as the mouth of a lion: and the dragon gave him his power, and his seat, and great authority.(DICTATOR COMES FROM NEW AGE OR OCCULT)
3 And I saw one of his heads as it were wounded to death;(MURDERERD) and his deadly wound was healed:(COMES BACK TO LIFE) and all the world wondered after the beast.(THE WORLD THINKS ITS GOD IN THE FLESH, MESSIAH TO ISRAEL)
4 And they worshipped the dragon (SATAN) which gave power unto the beast:(JEWISH EU DICTATOR) and they worshipped the beast, saying, Who is like unto the beast? who is able to make war with him?(FALSE RESURRECTION,SATAN BRINGS HIM TO LIFE)
5 And there was given unto him a mouth speaking great things and blasphemies; and power was given unto him to continue forty and two months.(GIVEN WORLD CONTROL FOR 3 1/2YRS)
6 And he opened his mouth in blasphemy against God,(HES A GOD HATER) to blaspheme his name, and his tabernacle, and them that dwell in heaven.(HES A LIBERAL OR DEMOCRAT,WILL PUT ANYTHING ABOUT GOD DOWN)
7 And it was given unto him to make war with the saints,(BEHEAD THEM) and to overcome them: and power was given him over all kindreds, and tongues, and nations.(WORLD DOMINATION)
8 And all that dwell upon the earth shall worship him, whose names are not written in the book of life of the Lamb slain from the foundation of the world.(WORLD DICTATOR)
9 If any man have an ear, let him hear.
10 He that leadeth into captivity shall go into captivity: he that killeth with the sword must be killed with the sword. Here is the patience and the faith of the saints.(SAVED CHRISTIANS AND JEWS DIE FOR THEIR FAITH AT THIS TIME,NOW WE ARE SAVED BY GRACE BUT DURING THE 7 YEARS OF HELL ON EARTH, PEOPLE WILL BE PUT TO DEATH (BEHEADINGS) FOR THEIR BELIEF IN GOD (JESUS) OR THE BIBLE.
DANIEL 9:26-27
26 And after threescore and two weeks shall Messiah be cut off, but not for himself: and the people of the prince that shall come (ROMANS IN AD 70) shall destroy the city and the sanctuary;(ROMANS DESTROYED THE 2ND TEMPLE) and the end thereof shall be with a flood, and unto the end of the war desolations are determined.
27 And he( EU ROMAN, JEWISH DICTATOR) shall confirm the covenant with many for one week:( 7 YEARS) and in the midst of the week he shall cause the sacrifice and the oblation to cease,( 3 1/2 YRS) and for the overspreading of abominations he shall make it desolate, even until the consummation, and that determined shall be poured upon the desolate.
We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.James Paul Warburg appearing before the Senate on 7th February 1950
Like a famous WWII Belgian General,Paul Henry Spock said in 1957:We need no commission, we have already too many. What we need is a man who is great enough to be able to keep all the people in subjection to himself and to lift us out of the economic bog into which we threaten to sink. Send us such a man. Be he a god or a devil, we will accept him.And today, sadly, the world is indeed ready for such a man.
EU states back Israel's membership of OECD, despite concerns
ANDREW RETTMAN 10.05.2010 @ 17:45 CET
EUOBSERVER / BRUSSELS - The 19 EU countries which are also members of the OECD have voted to let Israel join the economic club, but voiced worries that the move could hurt the Middle East peace process.Ambassadors from the full panoply of 31 existing Organisation for Economic Co-operation and Development members gave the decision the green light at a behind-closed-doors meeting in Paris on Monday (10 April), with formal accession to follow later this month.A Norwegian diplomat told EUobserver that 24 countries, including the EU group-of-19 as well as Mexico, Norway, Switzerland and Turkey in their individual statements at the conclave said the move should not be seen as a legitimisation of Israeli settlements in occupied Palestinian territories. We don't want membership to influence the question of Israel's borders,the Norwegian source said. There's been a huge debate on this. It's not an easy subject.Some countries proposed attaching a footnote to Israel's official letter of invitation saying the OECD does not recognise any changes to Israel's pre-1967 boundary. But the move did not gain unanimous support, the Norwegian contact added. The OECD is to set up an expert group to ensure that Israel clearly separates economic activity on its territory proper from activity in settlements when reporting statistics, however. Membership of the prestigious Paris-based institution is based primarily on economic criteria and will help Israel to attract foreign investors and to borrow money more cheaply on international markets.
But the move also has a political dimension.
The OECD's rulebook says members must be committed to pluralist democracy based on the rule of law and the respect of human rights and to look to the attainment of the purposes of the United Nations.Israeli Prime Minister Benjamin Netanyahu welcomed the OECD decision as a sign that Israel is not being isolated on the world stage. I'd like to thank the 31 member states for voting for our joining the organisation. Any one of them could have voted No and vetoed our inclusion. They chose not to do so, he said. It is a show of confidence in the Israeli economy and in Israeli society,a diplomat from the Jewish state added. The EU group-of-19 includes many of Israel's most trenchant critics inside the EU, such as Belgium, Luxembourg, Ireland, Portugal and Sweden, many of whom continue to block an upgrade in EU-Israel diplomatic ties due to violations of Palestinian human rights and the settlements issue.Belgium believes the OECD move will mean greater transparency on Israel's financial reporting and smooth the way for the inclusion of Arab states, such as Egypt, in future. Sweden took the line the OECD is primarily an economic club, with discussion of political issues best left to other forums. For her part, EU foreign relations chief Catherine Ashton on Monday welcomed progress between Israel, the Palestinian authorities and the US on so-called proximity talks designed to end the decades-old conflict.I am delighted the proximity talks appear to be moving, she said.Commenting on the EU's commitment to human rights in its foreign policy-making more broadly, she said: They are the silver thread that runs through everything we do and will be the silver thread that runs through the EAS [the EU's nascent diplomatic corps] when it is up and running.EU members Estonia and Slovenia were invited to join the OECD at the same time as Israel.
Lieberman to Ignore Planned Arab Med Summit Boycott
by Tzvi Ben Gedalyahu MAY 11,10
Foreign Minister Avigdor Lieberman said Tuesday morning he will attend a Mediterranean summit at the 43-member Mediterranean Union headquarters in Barcelona in early June despite reports that Egypt and Syria will boycott his appearance.I am intending to be there and I will be there, he said in an Israeli radio interview from Japan, where he is on an official tour.Lieberman, who is to be accompanied by Prime Minister Binyamin Netanyahu, added that an Arab boycott would be a slap in the face for Spain. We don't tell Syria who to send and no one can tell us who should attend as part of the Israeli delegation. We don't boycott anyone and as for those that won't attend -- that's their problem.Egypt has distanced itself from Lieberman ever since he took office more than a year ago. His Egyptian counterpart gave him the cold shoulder because of Lieberman’s remark that Egyptian President Hosni Mubarak could go to hell for refusing to visit Jerusalem. The only time Mubarak ever came to the capital prior to Lieberman's tenure was for the funeral of former Prime Minister Yitzchak Rabin.The European Union-funded Invest in Med project is holding its third conference June 3-4 as part of its aim to foster cooperation among Middle East nations, including Israel. More than 400 investors and business owners are expected to attend and to discuss alternative energy, maritime and land routes and the problem of pollution of the Mediterranean Sea. (IsraelNationalNews.com)
MUSLIM NATIONS
EZEKIEL 38:1-12
1 And the word of the LORD came unto me, saying,
2 Son of man, set thy face against Gog,(RULER) the land of Magog,(RUSSIA) the chief prince of Meshech(MOSCOW)and Tubal,(TOBOLSK) and prophesy against him,
3 And say, Thus saith the Lord GOD; Behold, I am against thee, O Gog, the chief prince of Meshech(MOSCOW) and Tubal:
4 And I will turn thee back, and put hooks into thy jaws,(GOD FORCES THE RUSSIA-MUSLIMS TO MARCH) and I will bring thee forth, and all thine army, horses and horsemen, all of them clothed with all sorts of armour, even a great company with bucklers and shields, all of them handling swords:
5 Persia,(IRAN,IRAQ) Ethiopia, and Libya with them; all of them with shield and helmet:
6 Gomer,(GERMANY) and all his bands; the house of Togarmah (TURKEY)of the north quarters, and all his bands:(SUDAN,AFRICA) and many people with thee.
7 Be thou prepared, and prepare for thyself, thou, and all thy company that are assembled unto thee, and be thou a guard unto them.
8 After many days thou shalt be visited: in the latter years thou shalt come into the land that is brought back from the sword, and is gathered out of many people, against the mountains of Israel, which have been always waste: but it is brought forth out of the nations, and they shall dwell safely all of them.
9 Thou shalt ascend and come like a storm, thou shalt be like a cloud to cover the land, thou, and all thy bands, and many people with thee.(RUSSIA-EGYPT AND MUSLIMS)
10 Thus saith the Lord GOD; It shall also come to pass, that at the same time shall things come into thy mind, and thou shalt think an evil thought:
11 And thou shalt say, I will go up to the land of unwalled villages; I will go to them that are at rest, that dwell safely, all of them dwelling without walls, and having neither bars nor gates,
12 To take a spoil, and to take a prey; to turn thine hand upon the desolate places that are now inhabited, and upon the people that are gathered out of the nations, which have gotten cattle and goods, that dwell in the midst of the land.
ISAIAH 17:1
1 The burden of Damascus. Behold, Damascus is taken away from being a city, and it shall be a ruinous heap.
PSALMS 83:3-7
3 They (ARABS,MUSLIMS) have taken crafty counsel against thy people,(ISRAEL) and consulted against thy hidden ones.
4 They have said, Come, and let us cut them off from being a nation; that the name of Israel may be no more in remembrance.
5 For they (MUSLIMS) have consulted together with one consent: they are confederate against thee:(TREATIES)
6 The tabernacles of Edom,(JORDAN) and the Ishmaelites;(ARABS) of Moab, PALESTINIANS,JORDAN) and the Hagarenes;(EGYPT)
7 Gebal,(HEZZBALLOH,LEBANON) and Ammon,(JORDAN) and Amalek;(SYRIA,ARABS,SINAI) the Philistines (PALESTINIANS) with the inhabitants of Tyre;(LEBANON)
DANIEL 11:40-43
40 And at the time of the end shall the king of the south( EGYPT) push at him:(EU DICTATOR IN ISRAEL) and the king of the north (RUSSIA AND MUSLIM HORDES OF EZEK 38+39) shall come against him like a whirlwind, with chariots, and with horsemen, and with many ships; and he shall enter into the countries, and shall overflow and pass over.
41 He shall enter also into the glorious land, and many countries shall be overthrown: but these shall escape out of his hand, even Edom, and Moab, and the chief of the children of Ammon.(JORDAN)
42 He shall stretch forth his hand also upon the countries: and the land of Egypt shall not escape.
43 But he shall have power over the treasures of gold and of silver, and over all the precious things of Egypt: and the Libyans and the Ethiopians shall be at his steps.
EZEKIEL 39:1-8
1 Therefore, thou son of man, prophesy against Gog,(LEADER OF RUSSIA) and say, Thus saith the Lord GOD; Behold, I am against thee, O Gog, the chief prince of Meshech (MOSCOW) and Tubal: (TUBOLSK)
2 And I will turn thee back, and leave but the sixth part of thee, and will cause thee to come up from the north parts,(RUSSIA) and will bring thee upon the mountains of Israel:
3 And I will smite thy bow out of thy left hand, and will cause thine arrows to fall out of thy right hand.
4 Thou shalt fall upon the mountains of Israel, thou, and all thy bands,( ARABS) and the people that is with thee: I will give thee unto the ravenous birds of every sort, and to the beasts of the field to be devoured.
5 Thou shalt fall upon the open field: for I have spoken it, saith the Lord GOD.
6 And I will send a fire on Magog,(NUCLEAR BOMB) and among them that dwell carelessly in the isles: and they shall know that I am the LORD.
7 So will I make my holy name known in the midst of my people Israel; and I will not let them pollute my holy name any more: and the heathen shall know that I am the LORD, the Holy One in Israel.
8 Behold, it is come, and it is done, saith the Lord GOD; this is the day whereof I have spoken.
JOEL 2:3,20,30-31
3 A fire(NUCLEAR BOMB) devoureth before them;(RUSSIA-ARABS) and behind them a flame burneth: the land is as the garden of Eden before them, and behind them a desolate wilderness; yea, and nothing shall escape them.
20 But I will remove far off from you the northern army,(RUSSIA,MUSLIMS) and will drive him into a land barren and desolate, with his face toward the east sea, and his hinder part toward the utmost sea, and his stink shall come up, and his ill savour shall come up, because he hath done great things.(SIBERIAN DESERT)
30 And I will shew wonders in the heavens and in the earth, blood, and fire, and pillars of smoke.(NUCLEAR BOMB)
31 The sun shall be turned into darkness, and the moon into blood, before the great and the terrible day of the LORD come.
Syria, Russia Upgrade Ties, Israel Fears More Arms for Hizbullah
by Tzvi Ben Gedalyahu MAY 11,10
Russian President Dmitry Medvedev is visiting Syria for the first time Monday night as the two countries upgrade trade ties despite American disapproval of Syria’s supplying Hizbullah terrorists with missiles. Medvedev's arrival in Damascus comes hours after he hosted President Shimon Peres during a three-day visit. The United States has raised suspicions that Syria also is arming Hizbullah with long-range Scud missiles, a charge that Syrian President Bashar Assad vehemently denies. The Obama administration recently charged that Hizbullah has one of the largest missile arsenals in the world.Israel has been unsuccessfully trying to convince Russia not to sell it an advanced anti-aircraft defense system, which the IDF fears could end up in Hizbullah’s increasingly advanced arsenal. Hizbullah surprised Israel in the Second Lebanon War with advanced Russian anti-tank missiles that destroyed heavily armored IDF tanks.Medvedev and Assad will talk about regional security at a time when the Obama administration is trying to reverse previous American policy and restore diplomatic relations with Damascus to the level of ambassador. Republicans in the U.S. Senate last Friday blocked an attempt by President Obama’s Democratic party to confirm Robert Ford as the first American ambassador to Syria in five years.
The United States officially regards Syria as a state that supports terror.
Medvedev also is scheduled to visit Turkey, which has rapidly dropped formerly friendly relations with Israel and has embraced Iran and Syria. Turkey has offered to resume its role as a mediator in indirect Syrian-Israeli peace talks, which former Prime Minister Ehud Olmert approved during his term of office but which were suspended more than a year ago. Israel has rejected the offer. (IsraelNationalNews.com)
Iran Upset over Yaalon’s Remarks that Israel Can Strike
by Tzvi Ben Gedalyahu MAY 11,10
Former IDF Chief of Staff Moshe Yaalon’s remarks that Israel can strike Iran, and that offense is the best defense prompted reactions in Iranian media that an Israeli attack is more theoretical than practical.The Arab world widely covered the remarks of Yaalon, now Minister for Strategic Affairs. We are already in a military confrontation against Iran,he told a conference of military experts. There is no doubt that the technological capabilities, which improved in recent years, have improved range and aerial refueling capabilities, and have brought about a massive improvement in the accuracy of ordnance and intelligence.Most analysts have questioned whether Israel can do any more than slightly delay the Iranian nuclear program’s apparent aim to build a nuclear warhead that can hit Israel. Most attention has been focused on Iran’s having scattered several nuclear sites throughout the country, buried in deep and reinforced concrete bunkers in mountainous regions.However, the failed efforts of U.S. President Barack Obama to engage Iran in diplomatic talks or to convince the United Nations Security Council to pass harsh sanctions have left the military option as the only alternative to a nuclear Iran.
Yaalon told the Fisher Institute for Air and Space Strategic Studies that Israel is in a proxy war with Iran because of its military and financial aid to the Hizbullah and Hamas terrorist organizations.There is no doubt, looking at the overall situation, that we are already in a military confrontation with Iran, he said.Iran is the main motivator of those attacking us.Beirut-based policy expert Oussama Safa told the Iranian government-monitored Press TV that Yaalon’s remarks are diversionary tactics by the Israelis who fear, under a lot of pressure, their military options are shrinking, particularly in Lebanon and in Gaza.He added that Yaalon’s remarks were more of a provocation that I do not think will materialize or has any potential to materialize anytime soon because an attack is more theoretical than practical, politically and militarily.American journalist Danny Schechter, who specializes in the areas of human rights and the media, told Press TV, This is part of a war of words not only directed at Iran but at the United States. Basically, they are trying to pressure the United States first to stop pressuring them on settlements but secondly, to take stronger action to impose stronger sanctions by threatening, you know, kind of a military option…. This is all sort of psychological warfare staged that was going on now with statements of this type. I think we are going to see more of it.Schechter also charged that if Iran did not exist, Israel would need to invent Iran to divert attention from the Palestinian Authority-Israeli struggle.
Israel is escalating the rhetoric, he said, but added, this is, you know as far as I can tell, a road to nowhere. But it is a road that is convenient for Israeli politicians and to some degree for Iranian politicians. Iran likes Israel as an enemy too. You know the more noise that Israel makes, the more the government in Tehran can also respond in kind and needs to prepare defensively and all the rest of it. So in a sense, this war of the words is functional for both sides right now.IsraelNationalNews.com)
Iran: Brazil and Turkey make new nuclear proposal By NASSER KARIMI, Associated Press Writer - MAY 11,10
TEHRAN, Iran – Iran said Tuesday that Brazil and Turkey have offered a promising new proposal for a nuclear fuel deal as Tehran steps up a diplomatic push to stave off new U.N. sanctions over its disputed nuclear program.Tehran has made a series of counteroffers after rejecting a U.N.-backed plan that offered nuclear fuel rods for a reactor in exchange for Iran's stock of lower-level enriched uranium. But they appear to fall short of Western demands aimed at ensuring Tehran is unable to produce nuclear weapons.Iran's Foreign Ministry spokesman Ramin Mehmanparast said during a weekly news briefing that the latest talks with Turkey and Brazil have produced a new formula that could pave the ground for understanding.He didn't elaborate but said Iran has not accepted any proposal for sending its low-enriched uranium abroad yet.The Brazilian and Turkish presidents will travel to Iran next week following recent visits by their foreign ministers, Mehmanparast said.Iran also will host a summit of developing countries known as the Group of 15 next week, with at least eight presidents in attendance, Mehmanparast said.
Top Iranian officials have been courting Brazil, Turkey and other non-permanent Security Council members to pre-empt possible sanctions. Only permanent Council members could veto proposed sanctions, but strong opposition by non-permanent members could strengthen Iran's case.Brazil and Turkey had no immediate comment on Iran's announcement, but both countries have urged further diplomatic efforts to resolve the issue.Brazil has urged Western nations to negotiate a fair solution with Iran over its nuclear program and called on Tehran to provide guarantees that its nuclear program has no military ambitions.Brazilian President Luiz Inacio Lula da Silva has said he would travel to Iran later this month to ensure peace in the world, to ensure that there is a policy of nuclear disarmament in the world.The call for sanctions stepped up after Iran last year rejected a U.N.-backed plan that offered nuclear fuel rods to a Tehran reactor in exchange for Iran's stock of lower-level enriched uranium. The swap would have curbed Iran's capacity to make a nuclear bomb.Under the U.N. proposal, Iran was to send 2,420 pounds (1,100 kilograms) of low-enriched uranium abroad, where it would be further enriched to 20 percent and converted into fuel rods. The rods, which are needed to power a research reactor, would then be returned to Iran. Sending its low-enriched uranium abroad would leave Iran with insufficient stocks to enrich further to weapons-grade level.Iran, which denies any plan for making nuclear arms, has made several alternate proposals to the West, including one to swap smaller batches of Iran's low-enriched uranium.But the U.S. and its allies say the proposals obviate the goal of rendering Iran unable to build a nuclear-powered warhead.
Iran says it warned off U.S. plane near maneuvers By Hashem Kalantari – MAY 11,10
TEHRAN (Reuters) – Iran's military warned off a U.S. reconnaissance aircraft trying to approach Iranian naval maneuvers, Fars News Agency reported on Tuesday.The incident involving the two old foes happened on Monday, the semi-official news agency quoted the armed forces chief as saying.Iran's navy last week launched eight days of exercises in the Gulf and the Gulf of Oman, in a region crucial for global oil supplies.A U.S. reconnaissance aircraft which had intended to approach our operational war games left ... upon the timely warning of our air defense forces, Fars quoted army commander Ataollah Salehi as saying.He was speaking to reporters as the military test-fired two surface-to-sea missiles in the Gulf of Oman, it added.
There was no immediate U.S. comment on the report.U.S. Defense Secretary Robert Gates said last week Iran was challenging U.S. naval power in the Middle East with an array of offensive and defensive weapons.Salehi said: It's past the epoch when America would change the regime in a country by just dispatching a warship.Iran's latest maneuvers coincide with rising tension between Iran and the West, which says Tehran's nuclear work is aimed at making bombs. Iran denies this.The United States is pushing for a fourth round of U.N. sanctions on the Islamic state over its refusal to halt sensitive nuclear activities as demanded by the U.N. Security Council.Iran often announces advances in its military capabilities and tests weaponry in an apparent attempt to show its readiness for any strikes by Israel or the United States.
REVOLUTIONARY GUARDS
In exercises held in the Gulf and the Strait of Hormuz between April 22 and 25, official media said the elite Revolutionary Guards tested missiles and a new speedboat capable of destroying enemy ships.The Pentagon last month said U.S. military action against Iran remained an option even as Washington pursues diplomacy and sanctions to halt the country's atomic activities.Israel, widely believed to have the Middle East's only atomic arsenal, has described Iran's nuclear program as a threat to its existence and has not ruled out military action.Iran, a predominantly Shi'ite Muslim state, has said it would respond to any attack by targeting U.S. interests in the region and Israel, as well as closing the Strait of Hormuz.About 40 percent of the world's traded oil leaves the Gulf region through the strategic narrows.Salehi said foreign forces had received the message sent by the maneuvers, saying this was shown by the fact that their war ships kept a distance of about 300-400 km from the drills. He did not specify whether he was referring to U.S. vessels. Iran was very serious about the protection of its interests, the armed forces chief added.(Additional reporting by Hossein Jaseb; writing by Fredrik Dahl; Editing by Charles Dick)
Medvedev urges more US action in very bad Mideast by Anna Smolchenko – MAY 11,10
DAMASCUS (AFP) – Russian President Dmitry Medvedev called in Syria on Tuesday for a more active US role in the Middle East peace process, saying the situation in the region was very bad and risked worsening further.Medvedev -- the first Russian head of state to visit Syria, which was a key Cold War ally -- said Moscow was ready and determined to play its part in creating the will for a peace settlement.He promised Russian assistance to Syria in reconstructing its oil and gas infrastructure and even in building a nuclear power station.In essence, the Middle East peace process has deteriorated, Medvedev said speaking alongside his Syrian counterpart Bashar al-Assad after two days of talks in Damascus.The situation is very, very bad. It's time to do something, the Russian leader said.I agree with President Assad -- the American side could take a more active position.A further heating up of the situation in the Middle East is fraught with an explosion and a catastrophe.
Medvedev's visit comes against the backdrop of a nearly 18-month-old suspension of Turkish-led peace efforts between Israel and Syria and a mounting war of words between the two foes over Israeli accusations that Syria has been arming Lebanon's Hezbollah with Scud missiles.It also comes as renewed US-brokered peace talks between Israel and the Palestinians run into difficulties over Israeli settlement expansion in annexed Arab east Jerusalem.There is not enough desire on all sides to find a solution, said Medvedev, whose government is part of the so-called Quartet working for a Middle East settlement alongside the European Union, the United Nations and the United States.This desire needs to be stimulated, he said, adding that that was a role that Russia could and would take upon itself.The Russian leader said that the end result of Middle East peace talks needed to be the liberation of the occupied Arab territories and the creation of an independent Palestinian place that could co-exist peacefully with Israel.For Syria, the return of the strategic Golan Heights, which Israel seized in the Six-Day War of 1967 and annexed in 1981 in a move never recognised by the international community, is a non-negotiable condition of any peace agreement.Turkey, Medevdev's next port of call after Damascus, brokered indirect negotiations between Syria and Israel in 2008 but they were broken off when Israel launched a devastating offensive against the Gaza Strip that December.Before his talks in Damascus, the Russian leader held a lengthy telephone call with Israeli President Shimon Peres during which he was asked to convey a message to the Syrian leader, Peres's office said on Sunday.
Peres said that Israel has no interest in a war with Syria or in heating up the northern border and that Israel is seeking a genuine peace with its Syrian neighbour.
Neither Assad nor Medvedev made any reference to the Israeli message but the Syrian leader said that Israel was not yet a reliable negotiating partner.He called for Russian help in convincing Israel to take a more constructive position and echoed Medvedev's call for a more active US role in the peace process. Russia, which has repeatedly expressed willingness to host a Middle East peace conference, has been seeking to restore its influence in the strategic region by reviving ties with Cold War allies that had drifted after the 1991 collapse of the Soviet Union. Medvedev pledged Russian assistance with Syria's ambitions to restore its role as transit route for oil and gas between the Gulf and the Mediterranean by helping it build up its pipeline infrastructure. He also voiced Russian readiness to build a nuclear power station in Syria as it has long been doing in Iran -- Syria's main regional ally -- over strong US objections. Israel launched an air strike against a site in northeastern Syria in September 2007 that analysts said it suspected was a nuclear reactor under construction, something Damascus strongly denied. Both Assad and Medvedev called for a negotiated settlement of Iran's standoff with the West over its nuclear programme.Russia and Syria stress their commitment to reaching a peaceful diplomatic settlement to the Iranian nuclear programme and support efforts to look for an appropriate negotiated solution, their joint statement said.
Regards from the Past: Ancient Water Bridge Found in Jerusalem
by Hillel Fendel MAY 11,10
Part of the ancient aqueduct that brought water to the Temple Mount has been exposed near the Sultan’s Pool across from Mt. Zion. The Israel Antiquities Authority (IAA) says it found a spectacular arched bridge that marked part of Jerusalem’s ancient water system while conducting archaeological rescue excavations prior to work on the city’s modern water system.Two of the bridge’s original nine arches have now been excavated to their full height of about three meters. In actuality, the newly-discovered bridge was built in 1320 C.E. by the sultan Nasser al-Din Muhammed Ibn Qalawun, as evidenced by its dedicatory inscription. However, it was apparently constructed to replace an earlier bridge dating to the time of the Second Temple period that was part of the original aqueduct. Yechiel Zelinger, excavation director on behalf of the Israel Antiquities Authority, said,The bridge, which could still be seen at the end of the 19th century and appears in old photographs, was covered over during the 20th century. We were thrilled when it suddenly reappeared in all its grandeur during the course of the archaeological excavations.The route of the Low Level aqueduct from the time of the Second Temple, beginning at Solomon’s Pools near Bethlehem and ending at the Temple Mount, is well known to scholars, Zelinger said. Substantial parts of it have been documented along the edge of Yemin Moshe neighborhood and on the slope adjacent to the Old City’s western wall. In order to maintain the elevation of the path along which the water flowed, a bridge was erected above the ravine.
The Israel Antiquities Authority, in cooperation with the Nature and Parks Authority, is working to expose the entire length of the arched bridge. It plans to conserve and integrate it in the framework of the overall development of the Sultan’s Pool, as part of underscoring the importance of the water supply to Jerusalem in ancient times.The Gihon Corporation, whose name preserves that of Jerusalem’s ancient source of water and which is conducting work on the modern water system in the area, is assisting in funding excavations that uncover Jerusalem’s ancient water systems. (IsraelNationalNews.com)
PUT JEWISH VALUES FIRST-VIDEO
http://www.israelnationalnews.com/News/News.aspx/137470
PM Urged to Place Temple Mount on Heritage List
by Hillel Fendel MAY 11,10
As Jerusalem Day approaches, redoubled efforts are underway to increase Jewish awareness of the Temple Mount and to have the site included on the National Heritage Sites list. Highlights of the campaign include a visit by 43 rabbis to Judaism’s holiest site on Monday and a petition to Prime Minister Binyamin Netanyahu to include the location on his recently-formulated list of National Heritage sites.The list was originally publicized this past February, including such sites as Independence Hall in Tel Aviv, the Aharonson Farm and Signaling Station in Atlit, the Jerusalem and Tzemach train stations, sites in Ashkelon and Gedera, Ein Gedi, the Mikveh Yisrael school, and over 100 more. In response to a query by IsraelNationalNews, the Prime Minister’s Bureau was unable to provide the exact list, and the Cabinet Secretariat staff was on a tour.No sites in Judea and Samaria were included on the list – until wide-scale protests and politicking by coalition whip MK Ze’ev Elkin and others led to the inclusion of the Machpelah Cave (Tomb of the Patriarchs) in Hevron and Rachel’s Tomb in Bethlehem. These are the only two sites on the National Heritage Sites list that are located in areas liberated by Israel during the Six Day War of 1967.
A petition to Netanyahu urging him to include the Temple Mount, site of both Holy Temples, has garnered nearly 3,100 signatures at http://www.gopetition.com/online/35455.html.The Temple Mount is the holiest site in the world for the Jewish people, the petition states, yet the Muslim authorities, aided by Israel Police, systematically deny the right of religious expression on the Mount to all non-Muslims. On numerous occasions the High Court of Justice has upheld the Jewish people’s right to pray at the site, yet the police continue to prevent this. Furthermore, Jewish visitors are harassed and degraded… Israeli law is not recognized by the Wakf authorities; illegal digging has destroyed priceless historical remnants of Jerusalem’s Jewish history. Please, end this travesty and… include the Temple Mount in your Heritage Plan’of sites significant to the Jewish people.The Temple Institute in Jerusalem notes that though the Temple Mount is the holiest place in the world, Jews and all non-Moslems are denied the right to pray in groups, and even as individuals; this refusal is accompanied by their constant degradation, and they are granted no opportunity for any religious expression whatsoever on the Temple Mount.The Temple Institute further states: Only Jews are forced to wait an extended period of time before being allowed through security. Only Jews are forced to present their ID’s to the police. Only Jews are followed and harassed by Israeli police and Muslim Wakf guards throughout the entire visit on the Mount. Only Jews are arrested for crimes such as prayer, closing eyes, bowing down or singing.
The campaign now underway is seeking to publicize these facts at every opportunity and in every forum – especially in honor of Jerusalem Day, this Tuesday night and Wednesday. It marks the 43rd anniversary of the reunification of Jerusalem and the liberation of the Temple Mount, placing it under Jewish sovereignty for the first time (except for a three-year period during the period of Bar-Kokhba around 135 C.E.) in 1,900 years. (IsraelNationalNews.com)
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.
Floods kill 70 in southern China
Tue May 11, 1:14 am ET
BEIJING – Torrential rains caused by the El Nino weather phenomenon have swept across parts of southern China, toppling homes, destroying crops and killing at least 70 people, state media reported Tuesday. More flooding was expected.Flooding caused by the heavy rains — which started a month earlier than normal — damaged more than 80,000 homes and damaging large swaths of cropland, affecting more than 10 million people across 13 provinces and cities, the State Flood Control and Disaster Relief Headquarters said on its website.South China has already entered its flood season, one month earlier than in past years. The biggest floods have yet to come, Sun Jun of the National Meteorological Center was cited as saying by the official Xinhua News Agency.The areas include the provinces of Guangdong, Chongqing, Sichuan, Fujian, Jiangxi, Hunan and Zhejiang.Sun said the extreme rains were caused by El Nino, which has linked hot, wet air from southern China with cooler air traveling south from northern China, according to Xinhua.
In some areas, such as Guangdong province, the thunderstorms have cut power lines, toppled homes and bridges, submerged roads and caused rivers to overflow, forcing the relocation of 145,000 people in less than a week, Xinhua said.China's huge land mass means severe storms can cause floods in one region, while other parts of the country experience droughts.Earlier this year, farmers in Yunnan and Guizhou were hit by the worst drought in a century. The drought, which has begun to subside as the region enters its rainy season, affected 61 million people, leaving millions without drinking water and ruining more than 10 million acres (4 million hectares) of crops.
5 dead, dozens injured as tornadoes hit Plains
By TIM TALLEY - MAY 11,10
NORMAN, Okla. – Violent storms that tore through the southern Plains killed five people and injured dozens more, leaving behind flattened homes, toppled semitrailers and downed power lines.Several tornadoes were reported in Oklahoma and Kansas on Monday as the storms moved through the area, dumping hail as big as baseballs and leaving tens of thousands of people without power.The kids and I got in the closet and prayed,said Jamie Keyes, of Norman, an Oklahoma City suburb that is home to the University of Oklahoma.I heard a hiss. It was like something was whistling very loud.
Oklahoma Department of Emergency Management spokesman Jerry Lojka said two people were killed in Oklahoma City and three were killed in Cleveland County, south of the city. Oklahoma City officials said the fatalities there involved a young boy who was hit by debris in his home and a man whose recreational vehicle flipped over on top of him. Details on the Cleveland County deaths weren't immediately available.
Officials reported that at least 58 others were injured — two of them critically — in a tornado outbreak that forecasters had been predicting since last week.In Norman — Cleveland County's largest city with about 106,000 residents — Tim Tegeler checked out the damage to his windows, air conditioner and fence at his home. Tegeler, his wife, their daughters and their pet fish had taken shelter in their laundry room until the storms passed.We saw it coming, but the best thing is my family's fine, Tegeler said.Neighbor Linda Sugg was picking up debris in her front yard.You could just hear stuff hitting the house, said Sugg, who was in her home during the storms.Near Seminole, about 60 miles east of Oklahoma City, at least two homes were leveled after a tornado went through, Emergency Management Director Ernie Willis said. The town's airport suffered extensive damage and several planes there were destroyed, he said.East of Oklahoma City, widespread destruction led authorities to shut down Interstate 40, a major east-west route.Interstate 35, which runs from Mexico to Minnesota, also was closed briefly at the Kansas-Oklahoma border because overturned tractor-trailers blocked all lanes. At Moore, near Oklahoma City, trucks were overturned in the median, but the road remained open.
The Oklahoma Department of Emergency Management said more than 65,000 homes and businesses were without power.In Kansas, the most serious damage was reported in Belmont. Several homes were hit in the town east of Topeka and there were widespread power outages. But no injuries were reported.Oklahoma City and its suburbs saw three storms develop Monday afternoon just to the west and each caused damage as they moved across an area home to 1.2 million people. The northern storm caused property damage near Edmond; two storms to the south turned into killers.We've had a very strange event: multiple tornadic portions with this event as it came through, said David Barnes, the emergency management director for Oklahoma County.We have multiple vehicles overturned, a housing addition has had multiple homes destroyed.In Alfalfa County, Sheriff Charlie Tucker said baseball-sized hail broke the windshields of numerous cars and damaged homes.I came home once to look at my own personal vehicle and the windshield was all bashed out. The grandchildren's swing set was up and now it's gone, so there was straight-line winds that came through, Tucker said. The Storm Prediction Center at Norman had predicted tornadoes, saying the atmosphere had the right mix of winds, heat and moisture. One twister touched down just east of the center's building on the University of Oklahoma campus.
EARTHQUAKES
MATTHEW 24:7-8
7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
8 All these are the beginning of sorrows.
MARK 13:8
8 For nation shall rise against nation, and kingdom against kingdom:(ETHNIC GROUP AGAINST ETHNIC GROUP) and there shall be earthquakes in divers places, and there shall be famines and troubles: these are the beginnings of sorrows.
LUKE 21:11
11 And great earthquakes shall be in divers places, and famines, and pestilences; and fearful sights and great signs shall there be from heaven.
Magnitude 7.4 earthquake rattles western Indonesia
Sun May 9, 9:01 am ET
JAKARTA, Indonesia – An earthquake with a preliminary magnitude of 7.4 rattled Indonesia's North Sumatra province Sunday, prompting a brief local tsunami watch, knocking out power and damaging some homes, officials said.The U.S. Geological Survey said the afternoon quake hit 135 miles (220 kilometers) southeast of Banda Aceh at a depth at 38 miles (61 kilometers). Indonesia and the Pacific Tsunami Warning Center in Honolulu issued a tsunami watch for the area, but both canceled their warnings less than 90 minutes later.Fauzi, chief of Indonesia's meteorology agency, said the closest town to the epicenter was Meulaboh, where a small tsunami wave just 7.9 inches (20 centimeters) high was detected by a buoy off the coast.
Fauzi, who like many Indonesians uses only one name, said the official tsunami watch had been canceled.Local media reports said the quake caused panic in many parts of Aceh — which was hit hard by the earthquake that triggered the 2004 Indian Ocean tsunami that killed 230,000 people — and in neighboring North Sumatra province.Lt. Col. Widodo, chief of West Aceh police in Meulaboh, told MetroTV that many residents remained outside in the streets for fear of another quake.But up until now, there is no indication of damages or casualties, said Widodo.Minor damage to the control tower of the Cut Nyak Dhien airport near Meulaboh — including broken windows and cracks on the wall — did not disrupt airport operations, said Transportation Ministry spokesman Bambang Ervan.Activities at Meulaboh seaport were also briefly disturbed as workers fled to higher ground after hearing the tsunami alert.But all things have returned to normal now, Ervan said.Riswan, local government secretary on Simeulue island, said the quake damaged some houses and caused a power outage, but phones were still working.Indonesia rests on a series of fault lines that make the archipelago nation one of the most world's most earthquake-prone. A quake last year killed more than 1,000 people on Sumatra, but a 7.7 quake last month in the same area caused only minor damage.
EARTH DESTROYED WITH THE EARTH(BECAUSE OF SIN AND GODLESS PEOPLE)
GENESIS 6:11-13
11 The earth also was corrupt before God, and the earth was filled with violence.(WORLD TERRORISM,MURDERS)(HAMAS IN HEBREW IS VIOLENCE)
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)(HAMAS) through them; and, behold, I will destroy them with the earth.
Ash affects flights in Morocco, Turkey, Spain By HASSAN ALAOUI, Associated Press Writer - MAY 11,10
RABAT, Morocco – Volcanic ash from Iceland wound its way down to North Africa and curled over to Turkey on Tuesday, forcing authorities to shut down Casablanca airport in Morocco as well as airports in Spain and airspace over Turkey.Five airports in Morocco — Casablanca, Rabat-Sale, Tangiers, Tetouan and Essaouira — were closed Tuesday afternoon to guarantee a maximum level of security for passengers, the Moroccan civil aviation authorities said.Morocco's airports were not affected last month when the April 14 eruption of the Eyjafjallajokul (pronounced ay-yah-FYAH-lah-yer-kuhl) volcano forced at least a five-day suspension of air traffic in Europe.
The ash was also causing havoc Tuesday in nearby Spain, forcing airports to shut down in the Canary islands of Tenerife, La Palma and La Gomera, affecting dozens of tourist flights. On the Spanish mainland, airports at Seville and Jerez in the south and Badajoz in the east were closed.Spain also kept restrictions on planes flying between 20,000 feet and 35,000 feet above the ground, mainly affecting trans-Atlantic flights to and from other European countries. Up to 20 Spanish airports, including international hub at Barcelona, had to close over the weekend because of the ash.Flights west and southwest of Istanbul were temporarily suspended for several hours Tuesday afternoon due to the ash cloud, banned over Turkey's Thrace region west of Istanbul and the Dardanelles Strait, southwest of the city.Istanbul's two airports remained open, but international flights from Europe were likely to be affected by the airspace suspension.Elsewhere, the dense ash in the middle of the North Atlantic — which caused severe flight disruptions over the weekend — was dispersing, easing the need to reroute trans-Atlantic flights around it and cutting down on delays, the Eurocontrol air traffic control agency reported.
Approximately 29,000 flights were operating Tuesday in Europe, about normal for this time of year, according to the Brussels-based agency.Meteorologists say until the volcano in southern Iceland stops erupting, aviation in Europe will be heavily affected by how prevailing winds distribute the ash. The last time the same volcano erupted, the action went on from 1821 to 1823.AP reporters Slobodan Lekic from Brussels, Ciaran Giles from Madrid and Selcan Hacaoglu in Anakara, Turkey contributed to this report.
POISONED WATERS
REVELATION 8:8-11
8 And the second angel sounded, and as it were a great mountain burning with fire was cast into the sea: and the third part of the sea became blood;
9 And the third part of the creatures which were in the sea, and had life, died; and the third part of the ships were destroyed.
10 And the third angel sounded, and there fell a great star from heaven, burning as it were a lamp, and it fell upon the third part of the rivers, and upon the fountains of waters;
11 And the name of the star is called Wormwood:(bitter,Poisoned) and the third part of the waters became wormwood; and many men died of the waters, because they were made bitter.(poisoned)
REVELATION 16:3-7
3 And the second angel poured out his vial upon the sea; and it became as the blood of a dead man: and every living soul died in the sea.(enviromentalists won't like this result)
4 And the third angel poured out his vial upon the rivers and fountains of waters; and they became blood.
5 And I heard the angel of the waters say, Thou art righteous, O Lord, which art, and wast, and shalt be, because thou hast judged thus.
6 For they(False World Church and Dictator) have shed the blood of saints and prophets, and thou hast given them blood to drink; for they are worthy.
More of Gulf closed to fishing because of spill
Fri May 7, 4:11 pm ET
NEW ORLEANS – Federal officials have expanded an area that is off-limits to fishing because of the oil spill in the Gulf of Mexico.The National Oceanic and Atmospheric Administration said Friday an area from the Southwest Pass of the Mississippi River to south of Pensacola, Fla., is now closed. NOAA spokeswoman Christine Patrick said the initial closure was 6,814 square miles and the new area is 10,807 square miles.
Late Thursday, Louisiana officials closed shrimping in state waters from South Pass of the Mississippi to the eastern shore of Four Bayous Pass just east of Grand Isle.
Earlier, state waters east of the Mississippi were closed to seafood harvesting.
Senate hearings prompting spill blame game By H. JOSEF HEBERT, Associated Press Writer - MAY 11,10
WASHINGTON – The blame game is in full throttle as Congress begins hearings on the massive oil spill threatening sensitive marshes and marine life along the Gulf Coast.
Executives of the three companies involved in the drilling activities that unleashed the environmental crisis are trying to shift responsibility to each other in testimony to be given at separate hearings Tuesday before two Senate committees, even as the cause of the rig explosion and spill has yet to be determined.Lawmakers are expected to ask oil industry giant BP, which operated the Deepwater Horizon drilling rig 40 miles off the Louisiana coast, why its drilling plans discounted the risk that such a catastrophic pipeline rupture would ever happen, and why it assumed that if a leak did occur, the oil would not pose a major threat.The morning hearing by the Energy and Natural Resources Committee and the afternoon session before the Environmental and Public Health Committee give lawmakers their first chance to question the executives publicly about the April 20 rig fire, attempts to stop the flow of oil and efforts to reduce the damage.Copies of planned testimony, obtained Monday by The Associated Press, brought into the open fissures among the companies caught up in the accident and its legal and economic fallout.A top executive of BP PLC, which leased the rig for exploratory drilling, focuses on a critical safety device that was supposed to shut off oil flow on the ocean floor in the event of a well blowout but failed to operate.That was to be the fail-safe in case of an accident, Lamar McKay, chairman of BP America, says, pointedly noting that the 450-ton blowout protector — as well as the rig itself — was owned by Transocean Ltd.
Of the 126 people on the Deepwater Horizon rig when it was engulfed in flames, only seven were BP employees, said McKay.But Transocean CEO Steven Newman was seeking to put responsibility on BP.Offshore oil and gas production projects begin and end with the operator, in this case BP, said Newman, according to the prepared remarks. His testimony says it was BP that prepared the drilling plan and was in charge when the drilling concluded and the crew was preparing to cap the well 5,000 feet beneath the sea.To blame the blowout protecters simply makes no sense because there is no reason to believe that the equipment was not operational, Newman argues.Newman also cites a third company, Halliburton Inc., which as a subcontractor was encasing the well pipe in cement before plugging it — a process dictated by BP's drilling plan.A Halliburton executive, Tim Probert, planned to assert that the company's work was finished in accordance with the requirements set out by BP and with accepted industry practices. He says pressure tests were conducted after the cementing work was finished to demonstrate well integrity.BP and Transocean are conducting separate investigations into what went wrong.In Louisiana, the Coast Guard and the Interior Department's Minerals Management Service were beginning two days of hearings on the cause of the explosion. The list of witnesses scheduled to testify includes a Coast Guard search and rescue specialist, crew members from a cargo vessel that was tethered to the Deepwater Horizon rig and two Interior inspectors.
In other developments:
-Interior Secretary Ken Salazar will propose splitting up the Minerals Management Service, an administration official, who asked not to be identified because the plan is not yet public, told The Associated Press. One agency would be charged with inspecting oil rigs, investigating oil companies and enforcing safety regulations, while the other would oversee leases for drilling and collection of billions of dollars in royalties.
-Homeland Security Secretary Janet Napolitano and Alabama Gov. Bob Riley will tour the Mobile Incident Command Center in Mobile, Ala., on Tuesday.
-The Environmental Protection Agency gave the go-ahead Monday to use oil dispersing chemicals near the sea bottom where the oil is leaking, although the agency acknowledged ecological effects of the chemical are not yet fully known. Two tests have shown the procedure helps break up the oil before it reaches the surface.
-BP said it has spent $350 million so far on spill response activities.
-President Barack Obama, after being briefed on the latest developments Monday, directed that more independent scientists get involved in seeking a solution to the spill. Energy Secretary Steven Chu will take a team of scientists to BP in Houston.
-BP said it has received 4,700 claims for damages related to the spill and so far has paid out $3.5 million on 295 of the claims. Associated Press writers Matthew Daly and Frederic J. Frommer contributed to this report.
OZONE DEPLETION JUDGEMENT ON THE EARTH DUE TO SIN
ISAIAH 30:26-27
26 Moreover the light of the moon shall be as the light of the sun, and the light of the sun shall be sevenfold, as the light of seven days, in the day that the LORD bindeth up the breach of his people, and healeth the stroke of their wound.
27 Behold, the name of the LORD cometh from far, burning with his anger, and the burden thereof is heavy: his lips are full of indignation, and his tongue as a devouring fire:
MATTHEW 24:21-22,29
21 For then shall be great tribulation, such as was not since the beginning of the world to this time, no, nor ever shall be.
22 And except those days should be shortened, there should no flesh be saved: but for the elect’s sake (ISRAELS SAKE) those days shall be shortened (Daylight hours shortened)
29 Immediately after the tribulation of those days shall the sun be darkened, and the moon shall not give her light, and the stars shall fall from heaven, and the powers of the heavens shall be shaken:
REVELATION 16:7-9
7 And I heard another out of the altar say, Even so, Lord God Almighty, true and righteous are thy judgments.
8 And the fourth angel poured out his vial upon the sun; and power was given unto him to scorch men with fire.
9 And men were scorched with great heat, and blasphemed the name of God, which hath power over these plagues: and they repented not to give him glory.
THE UN WILL DO ANYTHING TO GET THEIR INVISIBLE SMOKE TAX INFORCED ON ALL THE WORLD.THE FAKE CARBON TAX BILL.THE FALSE FLAG FEAR MONGERING GOES ON AND ON AND ON JUST LIKE THE ENERGIZER BUNNY.
UN fears irreversible' damage to natural environment
Mon May 10, 7:08 am ET
GENEVA (AFP) – The UN warned on Monday that massive loss in life-sustaining natural environments was likely to deepen to the point of being irreversible after global targets to cut the decline by this year were missed.As a result of the degradation, the world is moving closer to several tipping points beyond which some ecosystems that play a part in natural processes such as climate or the food chain may be permanently damaged, a United Nations report said.The third Global Biodiversity Outlook found that deforestation, pollution or overexploitation were damaging the productive capacity of the most vulnerable environments, including the Amazon rainforest, lakes and coral reefs.This report is saying that we are reaching the tipping point where the irreversible damage to the planet is going to be done unless we act urgently, Ahmed Djoghlaf, executive secretary of the UN Convention on Biological Diversity, told journalists.Djoghlaf argued that extinction rates for some animal or plant species were at a historic high, up to 1,000 times those seen before, even affecting crops and livestock.The UN report was partly based on 110 national reports on steps taken to meet a 2002 pledge to significantly reduce or reverse the loss in biodiversity.Djoghlaf told journalists: There is not a single country in the world that has achieved these targets, we continue to lose biodioversity at unprecedented rate.
Three potential tipping points were identified.Global climate, regional rainfall and loss of plant and animal species were harmed by continued deforestation of the Amazon rainforest, the report said.Many freshwater lakes and rivers were becoming contaminated by algae, starving them of oxygen and killing off fish, affecting local livelihoods and recreation for local populations.And coral reefs were collapsing due to the combined blow of more acid and warming oceans, as well as overfishing, the UN found.UN Environment Programme (UNEP) director general Achim Steiner underlined the economic value and returns of natural capital and its role in ensuring the health of soil, oceans and the atmosphere.Humanity has fabricated the illusion that somehow we can get by without biodiversity or that it is somehow peripheral to the contemporary world,Steiner said.The truth is we need it more than ever on a planet of six billion heading to over nine billion people by 2050.The report argued that biodiversity was a core concern for society that would help tackle poverty and improve health, meriting as much attention as the economic crisis for only a fraction of the cost of recent financial bailouts.It advocated a new strategy to tackle the loss alongside more traditional steps such as the expansion of protected natural areas and pollution control.They included attempts to regulate land consumption, fishing, increased trade and population growth or shifts, partly through a halt to harmful or perverse subsidies.The issues raised by the report are due to be discussed at a UN biodiversity meeting in Japan in October.
World stocks down as EU deal euphoria fizzles out By PAN PYLAS, AP Business Writer - MAY 11,10
LONDON – World stocks and the euro fell Tuesday as the massive relief rally triggered by a $1 trillion plan to contain Europe's debt crisis fizzled out.In Europe, the FTSE 100 index of leading British shares was down 84.80 points, or 1.6 percent, at 5,302.62 while Germany's DAX fell 79.98 points, or 1.3 percent, to 5,937.93. The CAC-40 in France was 56.41 points, or 1.5 percent, lower at 3,663.88.
All three indexes enjoyed one of their best days in months Monday after the European Union unveiled a massive euro750 billion financial support package to defend the euro and prevent the debt crisis that started in Greece from spreading to other big debtor countries like Portugal and Spain.A pullback is expected when Wall Street opens later, too — Dow futures were down 97 points, or 0.9 percent, to 10,644 while the broader Standard & Poor's 500 futures fell 12.60 points, or 1.1 percent, to 1,144.Yesterday's burst higher is already looking short lived amidst concern over a wide range of issues, said Ben Potter, research director at IG Markets.Without doubt when gains of 5 percent or more are seen in a single day a degree of reversion is perhaps to be expected.Though the package has helped ease near-term concerns about a wave of defaults across Europe, concerns about the solvency of the indebted countries remain — whether governments, which are still running sky-high deficits, will be able to push through massive austerity measures for years to come remain.Progress has been made, but the whole sovereign debt looks very like a can of worms, said David Buik, markets analyst at BGC Partners.
Moreover, the European Central Bank's new role in sweeping up government bonds has stoked concerns about its independence from politicians — Axel Weber, president of Germany's central bank and a leading member of the ECB's governing council, appeared cautious about the bank's new responsibility.Whatever divisions exist within the ECB and whatever pressure may have been put on its President Jean-Claude Trichet to intervene directly in the debt markets, the central bank is on a different course from that being pursued elsewhere — while the ECB is expanding monetary policy, other banks like the U.S. Federal Reserve and the Bank of England are starting to normalize it.That may explain why the euro has given up most of the gains it garnered from late Friday when the markets were first alerted to the possibility of a bigger than expected EU plan — by late morning, the euro was down 0.8 percent on the day at $1.2691.As the dust settles from yesterday's shock and awe bailout package, the realization that this is a sticking plaster to a much deeper rooted problem has slowly permeated through and the euro has given up most of yesterday's gains,said Michael Hewson, analyst at CMC Markets.The other major currency in focus Tuesday is the British pound, amid growing uncertainty about what the next government will look like. The currency has been under pressure ever since the Liberal Democrats said late Monday they were opening discussions with the Labour Party as well as the Conservatives, who won most seats and votes.
By late-morning London time, the pound was 0.3 percent lower at $1.4814.So far, bond investors don't appear to be worried — a 2.25 billion pound 17-year auction went smoothly for the government as the issue was covered nearly two and a half times by bids.Earlier in Asia, stocks gave up much of their previous day's advance.Japan's Nikkei 225 stock average fell 1.1 percent to 10,411.10 while South Korea's Kospi dropped 0.4 percent and Australia's S&P/ASX 200 shed 1.1 percent. Benchmarks in mainland China, Taiwan, India, and Singapore also slid, while Hong Kong's Hang Seng index retreated 1.4 percent to 20,146.51.Stocks in the Philippines bucked the regional trend, surging 3.9 percent as Sen. Benigno Aquino III, son of Philippine democracy icon Corazon Aquino, opened up a commanding lead in presidential elections after campaigning on an anti-graft platform.Oil prices also lost their shine, with benchmark crude for June delivery down $1.03 to $75.77 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose $1.69 to $76.80 per barrel on Monday. Associated Press Writer Alex Kennedy in Singapore contributed to this report.
FAMINE
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
FAMINE
MATTHEW 24:7-8
7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
8 All these are the beginning of sorrows.
MARK 13:8
8 For nation shall rise against nation, and kingdom against kingdom: and there shall be earthquakes in divers places, and there shall be famines and troubles: these are the beginnings of sorrows.
LUKE 21:11
11 And great earthquakes shall be in divers places, and famines, and pestilences; and fearful sights and great signs shall there be from heaven.
China inflation rises as housing, food costs jump By JOE McDONALD, AP Business Writer – Tue May 11, 4:44 am ET
BEIJING – China's inflation accelerated in April, triggering a selloff in Chinese stocks Tuesday on fears of overheating and a possible credit clampdown by Beijing that might slow the country's economic recovery.April consumer prices rose 2.8 percent from a year earlier, below Beijing's full-year target of 3 percent but up 0.4 percentage points from March, the National Bureau of Statistics said. Food prices jumped 5.9 percent, up from March's 5.2 percent rate.Growth in the consumer price index is still mild compared with our economic recovery and inflation in other countries,said a bureau spokesman, Sheng Laiyun.But we are facing big inflation pressures in the short term.Foreign companies and investors are watching Chinese inflation because any moves to cool prices might slow stimulus-fueled economic growth that surged to 11.9 percent in the first quarter. That could hurt the global recovery if it weakens demand for foreign iron ore and other imports.Economists said inflation is still relatively low and Beijing was unlikely to react with an immediate rate hike at a time when the global outlook still is uncertain amid the European debt crisis.
Overall, we don't see this as threatening yet for the economy, said Standard Chartered economist Jinny Yan.What they will do is observe external markets for a while longer before deciding what to do.But the data spooked investors and China's main stock index tumbled 1.9 percent to close at its lowest level in 11 months.
Investors worry there is a chance of the economy overheating, and that might trigger more government policy tightening, said Huang Xiangbin, an analyst for Cinda Securities in Beijing.The government worries about a surge in housing and other asset prices and is trying to use lending curbs to prevent a dangerous bubble while avoiding an across-the-board rate hike that might slow growth.Housing prices in 70 Chinese cities jumped 12.8 percent in April despite the controls, the statistics bureau said.Bank lending rose to 774 billion yuan ($113 billion), up from March's 510.7 billion yuan ($75 billion), the central bank announced.Wholesale prices climbed 6.8 percent in April from a year earlier, a 0.9 percent increase over March's rise. That can lead to a rise in consumer prices down the line as retailers pass on higher costs.Inflation was driven by cold weather that hurt the spring harvest and high prices for fuel and imported commodities, said Sheng, the statistics bureau spokesman. He said the biggest rises in April food costs were 14.9 percent for vegetables and 16.4 percent for fruit.Other data Tuesday showed China's economic recovery still on track.April retail sales rose 18.5 percent from a year earlier, up 0.5 percent from March's growth rate, while industrial output increased by 18.8 percent. Investment in factories and other fixed assets rose 26.1 percent in the January-to-April period over a year earlier.High growth and low inflation in the first half of the year looks set to segue rapidly into lower growth and higher inflation in the second half, said Tom Orlik, an analyst in Beijing for Stone & McCarthy Research Associates, in a report.But there is little in today's data release to force a change in the government's policy agenda.Associated Press researcher Bonnie Cao contributed to this report. On the Net: China National Bureau of Statistics (in Chinese): http://www.stats.gov.cn
Oil falls to near $76 a barrel as traders eye euro By ALEX KENNEDY, Associated Press Writer – Tue May 11, 4:13 am ET
SINGAPORE – Oil prices fell to near $76 a barrel Tuesday in Asia after investor euphoria over a $1 trillion European debt bailout evaporated and the euro weakened.
Benchmark crude for June delivery was down 63 cents to $76.17 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The June contract rose $1.69 to settle at $76.80 on Monday.Oil is down from an 18-month high of $87.15 a barrel early last week as the European debt crisis undermined investor confidence in the euro. Commodities priced in dollars, such as oil, become more expensive for investors holding euros as the U.S. currency strengthens.Crude rebounded Monday after the European Union Commission and International Monetary Fund pledged a loan package of euro750 billion ($975 billion) to defend the common currency, but closed off its high of $78.51 as the euro gave back some of its gains.
The euro fell to $1.2748 on Tuesday from $1.2790 on Monday while the dollar fell to 92.52 yen from 93.29 yen.Some analysts expect the bailout to temporarily stabilize European bond prices but eventually weaken the euro and weigh on oil prices.While the euro-zone support plan appears sufficient to forgo any contagion for now, additional weakening in the euro should eventually spill over into oil prices, Ritterbusch and Associates said in a report.In other Nymex trading in June contracts, heating oil rose 0.79 cents to $2.1123 a gallon, and gasoline slid 0.54 cent to $2.1672 a gallon. Natural gas was steady at $4.170 per 1,000 cubic feet.In London, Brent crude was down 50 cents to $79.62 on the ICE futures exchange.
Fannie Mae seeks $8.4 billion from government after loss By Corbett B. Daly and Lynn Adler – Tue May 11, 1:37 am ET
WASHINGTON/NEW YORK (Reuters) – Fannie Mae, the largest U.S. residential mortgage funds provider, on Monday asked the government for an additional $8.4 billion after the company lost $13.1 billion in the first quarter.Including the latest request, Fannie Mae will have received more than $84.6 billion from the government, and the firm said it saw no end in sight to federal assistance.The announcement comes less than a week after smaller mortgage finance company Freddie Mac, said it would need $10.6 billion in government funds after losing $8 billion in the first quarter.The U.S. Treasury took control of the two entities at the height of the financial crisis in 2008 as mortgage losses mounted. The two firms have now tapped more than $145 billion in assistance from Uncle Sam's unlimited credit line.Housing analyst Rajiv Setia of Barclays Capital said Fannie Mae is likely to draw another $40 billion to $50 billion from the government.The plan to put them into conservatorship was meant to be temporary, but more than a year and a half later, Treasury Secretary Timothy Geithner has only just begun the process of figuring out how to overhaul the U.S. housing finance system.
The company warned of significant uncertainty as to our long-term financial sustainability as it expects the continued weak housing market to keep default rates and credit-related costs high.The need for more government money was expected and is unlikely to play a significant role in the debate on Capitol Hill over the future of the two firms.A trio of senior Republican senators want to require the government to relinquish its control of Fannie and Freddie within two years.Senators Richard Shelby of Alabama, John McCain of Arizona and Judd Gregg of New Hampshire want to add their proposal to a broader debate on Wall Street regulation. The Senate is expected to consider their amendment on Tuesday, though it is not expected to garner enough votes for passage.The first-quarter net loss included a $1.5 billion dividend on its senior preferred stock held by the Treasury Department. The Obama administration on December 24 pledged to backstop all losses for the two firms through 2012.The quarterly loss was smaller than the total $16.3 billion loss reported in the fourth quarter.Fannie Mae said federal aid is helping keep the company solvent, but the dividends payments it is incurring are substantial.Given our expectations regarding future losses and draws from Treasury, we do not expect to earn profits in excess of our annual dividend obligation to Treasury for the indefinite future,the company said.Because of current trends in housing and financial markets, Fannie Mae expects to continue having a net worth deficit in future periods and to need to tap more funding from the Treasury.Promoting sustainable homeownership and maintaining ready access to liquidity are our guiding principles in serving the residential markets, said Michael Williams, the firm's chief executive.The government has relied heavily on both companies, which buy mortgages from lenders to stimulate more lending, to stabilize the housing market.
(Editing by Padraic Cassidy)
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