US-EU BROADLY AGREE ON REFORM

NOW WE FIND OUT THE CORRUPT OBAMA ADMINISTRATION USED THE PUPPET BILL CLINTON TO ASK SESTAK FOR A JOB AND TO QUIT RUNNING AGAINST SPECTER.THIS JUST GETS CRAZIER BY THE SECOND AS THESE CHICAGO THUGS WILL DO ANYTHING FOR DICTATORSHIP AND CONTROL OVER THE AMERICAN CITIZENS.IF THERES A CORRUPT WAY OF DOING ANYTHING THE SOETORO-OBAMA ADMINISTRATION WILL BE SCHEMING IT UP YOU CAN BE SURE AND COUNT ON THAT.SESTAK ADMITTED THEY WANTED HIM OUT OF THE POLITICAL RACE CLINTON AND RAHM EMMANUEL DID.

Dollar to be Replaced with IMF’s SDR as Reserve Currency?
Zero Hedge May 28, 2010

The new reserve currency?

Jim O’Neill, who did not make any friends within the bear community earlier today, has written an interesting paper on the IMF’s Special Drawing Rights, and whether this hypernational currency can ever become a reserve currency as is, and/or with the CNY as a constituent member. While O’Neill as usual focuses on the angle of the next paradigm BRICs, and how they will increasingly dominate global economics, he does pose an important question: with the dollar likely to suffer the side effects of either hyperdeflation, hyperinflation, or hyperstagflation, will the next reserve currency be a diluted melange of other flawed fiat constructs (i.e., the SDR), or the currency of the one country, which for all its flaws, still has the cleanest balance sheet backing its own fiat construct. On the other hand, the question of whether this analysis is moot to begin with, and the world will revert to the gold standard as the ongoing crisis of confidence in all paper money flares up, is not raised even once… We wonder (not really) what Jim O’Neill would have to say on that particular issue.

Here are the main bullets:

— The issue of the international reserve currency and the possible role of the IMF’s Special Drawing Rights (SDR) has moved from obscurity to the centre of discussions about the future.
— Given China’s importance in terms of its share of world trade, the CNY should now be part of the SDR. The case for including it can only become more obvious as this decade progresses.
— However, actually including the CNY as a constituent of the SDR is likely to remain a challenge without the CNY becoming more widely used internationally, including as a reserve asset.
— The case for including other BRIC currencies in the SDR, especially the RUB, is also likely to become stronger over the coming decade.
— Although the Dollar will probably not be as dominant in 2020 as it is today, it is far from clear that it needs to be replaced by the SDR—or by anything else—as the main reserve currency.
— For the SDR to be attractive to private users, it will need to include the CNY and possibly other BRIC currencies. However, this alone would not guarantee that the SDR would be more attractive to private investors.

The paper is a critical follow up to anyone who found Albert Edward’s earlier analysis of collapsing global FX reserves relevant.

Full paper:
http://www.scribd.com/doc/32090166/GS-SDR-Currencies
http://www.infowars.com/dollar-to-be-replaced-with-imfs-sdr-as-reserve-currency/

I HAD A FEELING THIS WAS COMING ON MAY 11,10 I PUT ON MY SITE
http://israndjer.blogspot.com/2010/05/plunge-protection-team-robbery-sdrs.html

Bill Gates: Use vaccines to lower population Billionaire advocates curbing CO2 by reducing earth's inhabitants March 08, 2010 By Chelsea Schilling

One of the world's wealthiest men and the founder of Microsoft, Bill Gates, has suggested vaccines as one method of reducing the world's population. Gates made his remarks to the invitation-only Technology, Entertainment and Design 2010 Conference in Long Beach, Calif. His February address was titled, Innovating to Zero! He presented a speech on global warming, stating that CO2 emissions must be reduced to zero by 2050. Gates said every person on the planet puts out an average of about five tons of CO2 per year. Somehow we have to make changes that will bring that down to zero, he said. It's been constantly going up. It's only various economic changes that have even flattened it at all. So we have to go from rapidly rising to falling, and falling all the way to zero.A video of his presentation follows: http://www.youtube.com/watch?v=JaF-fq2Zn7I&feature=player_embedded

Gates presented the following equation: CO2 (total population emitted CO2 per year) = P (people) x S (services per person) x E (average energy per service) x C (average CO2 emitted per unit of energy) Bill Gates presented this equation on curbing CO2 emissions at the 2010 Technology, Entertainment and Design Conference in Long Beach, Calif.Let's look at each one of these and see how we can get this down to zero, he said.Probably one of these numbers is going to have to get pretty near to zero. That's a fact from high-school algebra.Discussing the P, or population portion of the equation, he stated, Let's take a look. First we got population. The world today has 6.8 billion people. That's headed up to about 9 billion. Now if we do a really great job on new vaccines, health care, reproductive health services, we could lower that by perhaps 10 or 15 percent[Emphasis added]. Gates continued on to discuss the remaining factors in the equation and prospects for reducing each one to curb CO2 emissions. Gates' comments immediately raised questions in the blogosphere about whether the billionaire was advocating dissemination of sterilization agents.

LifeSiteNews reported that in 1995, UNICEF's anti-tetanus vaccinations were found to contain B-hCG, a pregnancy hormone that can permanently sterilize women. An estimated 3 million women between the ages of 12 and 45 received that vaccine. Another UNICEF polio vaccination campaign in Nigeria was suspected of sterilizing women in 2004. However, according to LifeSite News, the Gates Foundation claims Gates actually advocates using vaccines to decrease child mortality – something he believes would actually serve to decrease population growth. In his 2009 annual letter, he wrote that a surprising but critical fact [is] that reducing the number of [infant] deaths actually reduces population growth.

Gates contends that parents have more children when infant mortality rates are high so they can be sure several children will survive to care for them later in life. And so, if they think having six children is what they need to do to have at least two survive, that's what they'll do,he told CNN in 2008.And amazingly, across the entire world, as health improves, then the population growth actually is reduced. Bill and his wife, Melinda, announced in January that their Bill & Melinda Gates Foundation will commit more than $10 billion over the next 10 years to develop and deliver new vaccines to children in the developing world. The Bill & Melinda Gates Foundation's global health program focuses on prevention of infectious diseases. According to its website, the foundation also seeks to offer health solutions for family planning, nutrition, maternal, neonatal and child health, tobacco control and vaccine-preventable disease.

Gates is also a partner in the Global Alliance for Vaccines and Immunization, or GAVI. Other partners include the World Health Organization, UNICEF, the World Bank, the vaccine industry, research agencies and non-government agencies. The GAVI Alliance has vaccinated more than 200 million children.

WND reported in May 2009when Gates joined some of the richest men and women in the world, meeting secretly in New York to conspire on using their vast wealth to bring the world's population growth under control. In addition to Gates, the meeting included some of the biggest names in the billionaires club, according to the London Times – David Rockefeller, Ted Turner, Oprah Winfrey, Warren Buffett, George Soros and Michael Bloomberg. Gates reportedly inspired the meeting at the home of Sir Paul Nurse, a British Nobel Prize-winning biochemist and president of Rockefeller University. The informal afternoon session was so discreet that some of the billionaires' aides were told they were at security briefings,the Times reported. Stacy Palmer, editor of the Chronicle of Philanthropy, speculated that the secrecy surrounding the meeting may have been due to concern that they don't want to be seen as a global cabal.According to the Times, the billionaires were each given 15 minutes to present their favorite cause. Over dinner they discussed how they might settle on an umbrella cause that could harness their interests. Taking their cue from Gates, the report said, they agreed population control was the No. 1 issue.
In February 2009, Gates also discussed population control. Official projections say the world's population will peak at 9.3 billion [up from 6.6 billion today] but with charitable initiatives, such as better reproductive health care, we think we can cap that at 8.3 billion,he said. Patricia Stonesifer, former chief executive of the Bill & Melinda Gates Foundation, said the billionaires would continue to meet in the future. A guest at the meeting said population growth would be addressed as a potentially disastrous environmental, social and industrial threat. This is something so nightmarish that everyone in this group agreed it needs big-brain answers,said the guest. They need to be independent of government agencies, which are unable to head off the disaster we all see looming.As to secrecy, the guest said, They wanted to speak rich to rich without worrying anything they said would end up in the newspapers, painting them as an alternative world government.

Bill Gates funds covert vaccine nanotechnology
Mike Adams NaturalNews May 28, 2010

The Bill and Melinda Gates Foundation is gaining a reputation for funding technologies designed to roll out mass sterilization and vaccination programs around the world. One of the programs recently funded by the foundation is a sterilization program that would use sharp blasts of ultrasound directed against a man’s scrotum to render him infertile for six months. It might accurately be called a temporary castration technology. Read more about it here: http://www.naturalnews.com/028853_u…

The Bill and Melinda Gates Foundation is gaining a reputation for funding technologies designed to roll out mass sterilization and vaccination programs around the world.Now, the foundation has funded a new sweat-triggered vaccine delivery program based on nanoparticles penetrating human skin. The technology is describes as a way to …develop nanoparticles that penetrate the skin through hair follicles and burst upon contact with human sweat to release vaccines.The research grant money is going to Carlos Alberto Guzman of the Helmholtz Centre for Infection Research in Germany and Claus-Michael Lehr and Steffi Hansen of the Helmholtz-Institute for Pharmaceutical Research.These are both part of the Gates Foundation’s involvement in the Grand Challenges Explorations program which claims to be working to achieve major breakthroughs in global health.…breakthroughs like mass sterilization and nanoparticle vaccines that could be covertly administered even without your knowledge, it turns out. These nanoparticles could be used in a spray mist that’s sprayed on to every person who walks through an airport security checkpoint, for example. Or it could be unleashed through the ventilation systems of corporate office buildings or public schools to vaccinate the masses. You wouldn’t even know you were being vaccinated.This technology is potentially very dangerous to your health freedom. Using it, governments or drug companies (which are all the same thing these days) could create a vaccine skin cream that’s handed out and described as sunscreen.But when you put it on, you’re actually vaccinating yourself as the nanoparticles burrow underneath your skin and burst, releasing foreign DNA inside your body.

A history of covert mass medication

But why would the government medicate people without their knowledge or consent, you ask? They already do it with water fluoridation. Fluoride is a drug, and regional and national governments all over the world are using the water supply as a way to deliver the fluoride drug to people whether they need it or not — and without any proper medical diagnosis or prescription.So if governments are already covertly medicating people with fluoride in the water supply, they’ve set the stage mass-vaccinating people through similar channels, such as the air supply in buildings. And thanks to Bill Gates, this nanotechnology needed to pull this off is now being funded.

Is this really a major breakthrough in global health?

I suppose it is if you believe in covert medicine where you dose people with drugs or vaccines without their knowledge. Western medicine is so offensive to rational people that it can’t even operate out in the open. That’s why it resorts to covert contamination of the water supply in order to force the public to swallow its drugs.

Fluoride and covert medicine

Oh, by the way, to anyone who argues that fluoride is not a drug, remember this: According to the FDA, any chemical substance that has a biological effect on the human body is, by definition, a drug. Therefore fluoride is a drug, too.Even more, fluoride is promoted with outlandish claims about preventing cavities by swallowing it, making it an unapproved drug according to the FDA. So how is it that this unapproved drug can be dripped into the water supply and forced upon hundreds of millions of people without a single diagnosis of fluoride deficiency or even a single prescription from a doctor? The answer is that western medicine is so arrogant that it does not believe it needs to follow any rules, regulations or laws. It is a system of bully medicine where drugs are shoved down your throat by being covertly dripped into the water supply without your consent. So why should we believe vaccines will be any different? If mainstream medicine can find a way to force every person to unknowingly be injected with vaccines, make no mistake they will pursue it! And such efforts will no doubt have the continued financial support of Bill Gates.

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 FRI MAY 28,2010

09:30 AM -3.34
10:00 AM -50.26
10:30 AM -26.15
11:00 AM -66.51
11:30 AM -75.43
12:00 PM -51.17
12:30 PM -44.59
01:00 PM -107.85
01:30 PM -100.14
02:00 PM -139.44
02:30 PM -120.62
03:00 PM -86.61
03:30 PM -51.47
04:00 PM -122.36 10,136.63

S&P 500 1089.41 -13.65

NASDAQ 2257.04 -20.64

GOLD 1,213.20 +1.30

OIL 74.14 -0.41

TSE 300 11,671.40 -77.70

CDNX 1502.88 +0.04

S&P/TSX/60 685.23 -5.55

MORNING,NEWS,STATS

YEAR TO DATE PERFORMANCE
Dow -27 points at 4 minutes of trading today.
Dow -44 points at low today.
Dow -1 points at high today so far.
GOLD opens at $1,208.20.OIL opens at $74.48 today.

AFTERNOON,NEWS,STATS
Dow -163 points at low today so far.
Dow -1 points at high today so far.

WRAPUP,NEWS,STATS
Dow -163 points at low today.
Dow -1 points at high today.

CURRENCIES-DEBT LEVELS-STIMULUS CONTINUE
http://www.cnbc.com/id/15840232?video=1506569697&play=1

CHINA AND KINGS OF THE EAST MARCH TO ISRAEL 2ND WAVE OF WW3

REVELATION 16:12
12 And the sixth angel poured out his vial upon the great river Euphrates; and the water thereof was dried up, that the way of the kings of the east might be prepared.(THIS IS THE ATATURK DAM IN TURKEY,THEY CROSS OVER).

DANIEL 11:44 (2ND WAVE OF WW3)
44 But tidings out of the east(CHINA) and out of the north(RUSSIA, MUSLIMS WHATS LEFT FROM WAVE 1) shall trouble him:(EU DICTATOR IN ISRAEL) therefore he shall go forth with great fury to destroy, and utterly to make away many.( 1/3RD OF EARTHS POPULATION)

REVELATION 9:12-18
12 One woe is past; and, behold, there come two woes more hereafter.
13 And the sixth angel sounded, and I heard a voice from the four horns of the golden altar which is before God,
14 Saying to the sixth angel which had the trumpet, Loose the four angels which are bound in the great river Euphrates.(IRAQ-SYRIA)
15 And the four angels were loosed, which were prepared for an hour, and a day, and a month, and a year, for to slay the third part of men.(1/3 Earths Population die in WW 3 2ND WAVE)
16 And the number of the army of the horsemen were two hundred thousand thousand:(200 MILLION MAN ARMY FROM CHINA AND THE KINGS OF THE EAST) and I heard the number of them.
17 And thus I saw the horses in the vision, and them that sat on them, having breastplates of fire, and of jacinth, and brimstone: and the heads of the horses were as the heads of lions; and out of their mouths issued fire and smoke and brimstone.(NUCLEAR BOMBS)
18 By these three was the third part of men killed, by the fire, and by the smoke, and by the brimstone, which issued out of their mouths.(NUCLEAR BOMBS)

WATCHING CHINAS REACTION TO N-S KOREA
http://www.cnbc.com/id/15840232?video=1506359524&play=1

SKorean, Chinese leaders meet amid NKorea tension By KELLY OLSEN, Associated Press Writer - MAY 28,10

SEOUL, South Korea – North Korea's neighbors ramped up efforts to take Pyongyang to the U.N. Security Council for sinking a South Korean warship, with South Korea's president seeking China's support during a summit Friday.China's backing would be key to any bid to condemn or sanction North Korea for the March 26 torpedo attack that killed 46 South Korean sailors. Beijing, a veto-wielding permanent Security Council member, so far has refrained from committing to Security Council action against Pyongyang, its neighbor and traditional ally.South Korean President Lee Myung-bak will lay out the case against North Korea during talks with Chinese Premier Wen Jiabao, a South Korean government official said, speaking on condition of anonymity in line with department policy.Wen and Lee were meeting at the presidential Blue House on Friday afternoon, a day before a three-way summit that will also include Japanese Prime Minister Yukio Hatoyama.Both countries have built a relationship of strategic cooperative partnership, deepened political trust and have maintained various communication regarding the North Korean nuclear issue, Wen said in opening remarks at the meeting.

Lee's spokesman Park Sun-kyu said in a statement that South Korea was fully concentrating on diplomatic efforts to hold North Korea responsible. He said the matter would be discussed Friday, at the weekend summit and at a security meeting in Singapore in early June.A multinational investigation concluded last week that a North Korean submarine fired a torpedo that tore apart and sank the Cheonan in the worst attack on the South Korean military since the Korean War.North Korea has denied responsibility for the attack, and has warned that retaliation or punishment would mean war.Tensions have soared since Lee laid out a series of punitive measures and pledged to haul Pyongyang before the U.N. Security Council. The measures include slashing trade with Pyongyang, resuming anti-North Korean propaganda broadcasts across the border and launching large-scale naval exercises off the western coast. U.S.-South Korean military drills are to follow in the coming months.North Korea threatened Thursday to attack any South Korean ships entering its waters and scrapped an accord meant to prevent naval clashes. The North issued no new threats Friday, but kept up its rhetoric against the South.Seoul's countermeasures will only precipitate its self-destruction as it is nothing but the last-ditch effort of those on the deathbed, the government-run Minju Joson newspaper said in a commentary carried by the official Korean Central News Agency.North Korea has carried out a series of attacks on the South since the Korean War ended in a truce in 1953. South Korea has never retaliated militarily.U.S. Gen. Walter Sharp, the commander of U.N. forces on the peninsula, visited the heavily armed border area Friday to inspect forces and review responsibilities related to the armistice agreement with the commanders, according to a U.N. Command statement.

Any Security Council action would need the backing of key permanent member China. The South Korean official said dozens of nations have offered their support for Security Council action, but there was no indication yet that Beijing would back the South Korean-led bid.He said China, mindful of its relations with both Koreas and the international community, can be expected to act deliberately and quietly. South Korean officials did not expect any Security Council action to happen before the end of the month, he said.Senior U.S. officials said Wednesday that China had indicated it was prepared to hold the North accountable for the torpedo attack and could join in some kind of formal Security Council rebuke.However, asked about Beijing's stance Thursday, Chinese Foreign Ministry spokesman Ma Zhaoxu simply called the issue highly complicated and said China's position remained unchanged.Japan has already banned trade with the North and said Friday it will limit the amount of money that can be sent to North Korea without being reported to the government. Tokyo also said it will slash the amount of cash travelers can take into North Korea — an apparent bid to target funds funneled to the North by ethnic Koreans in Japan. Separately, Hatoyama and President Barack Obama jointly condemned the March 26 attack in a phone call and vowed to cooperate with South Korea on Security Council action, the White House said. Meanwhile, a report by U.N. experts said North Korea is exporting nuclear and ballistic missile technology and using multiple intermediaries, shell companies and overseas criminal networks to circumvent U.N. sanctions. A seven-member panel monitoring the implementation of sanctions against Pyongyang said its research indicates that Pyongyang is involved in banned nuclear and ballistic activities in Iran, Syria and Myanmar, according to the report, obtained late Thursday by The Associated Press. Associated Press writers Jean H. Lee and Sangwon Yoon in Seoul, Edith M. Lederer at the United Nations, Shino Yuasa in Tokyo and Christopher Bodeen in Beijing contributed to this report.

US, Japan to keep US military base in Okinawa By TOMOKO A. HOSAKA, Associated Press Writer - MAY 28,10

TOKYO – Washington and Tokyo agreed Friday to keep a contentious U.S. Marine base in the southern island of Okinawa, reaffirming the importance of their security alliance amid heightened tensions on the Korean peninsula.In a joint statement, the two allies agreed to move the Marine Corps Air Station Futenma to Henoko, in a less crowded, northern part of the island. The decision is broadly in line with a 2006 deal forged with the previous, conservative Tokyo government, but represents a broken campaign promise on the part of Japanese Prime Minister Yukio Hatoyama.

Hatoyama came to office last September promising to create a more equal relationship with Washington and move the Marine base off the island, which hosts more than half the 47,000 U.S. troops stationed in Japan under a 50-year-old joint security alliance.But after months of searching and fruitless discussions with Washington and Okinawan officials, the prime minister acknowledged earlier this month that the base needed to stay in Okinawa.The joint statement appeared to highlight rising tension surrounding the March sinking of a South Korean ship blamed on a North Korean torpedo. Recent developments in the security environment of Northeast Asia reaffirmed the significance of the Alliance, it said.Hatoyama's decision, which he had pledged to deliver by the end of May, has angered tens of thousand of island residents who complain about base-related noise, pollution and crime, and want Futenma moved off the island entirely.U.S. military officials and security experts argued it is essential that Futenma remain on Okinawa because its helicopters and air assets support Marine infantry units based on the island. Moving the facility off the island could slow the Marines' coordination and response in times of emergency.Under a 1960 security pact, American armed forces are allowed broad use of Japanese land and facilities. In return, the U.S. is obliged to respond to attacks on Japan and protect the country under its nuclear umbrella.

The U.S. and Japan recognized that a robust forward presence of U.S. military forces in japan, including in Okinawa, provides the deterrence and capabilities necessary for the defense of Japan and for the maintenance of regional stability, said the statement, which was issued by Secretary of State Hillary Clinton, Secretary of Defense Robert Gates, Japanese Foreign Minister Katsuya Okada and Defense Minister Toshimi Kitazawa.Reaffirming the 2006 deal comes as a relief for Washington. In a phone conversation with President Barack Obama Friday morning Japan time, Hatoyama said Obama expressed appreciation that the two countries could reach an agreement.The White House also said Obama and Hatoyama pledged to work closely with South Korea in the wake of the sinking of the Cheonan. North Korea has denied responsibility and has warned that any retaliation would mean war.Hatoyama's Cabinet was struggling to hammer out a statement on Futenma on Friday amid some internal division over the base agreement.Gender Equality Minister Mizuho Fukushima, the leader of a junior coalition party, reiterated her opposition to keeping Futenma in Okinawa, and said she would not sign it, spurring speculation that she could be dismissed, media reports said. A press conference by the prime minister scheduled for 5 p.m. had been delayed.The Futenma move is part of a broader plan to reorganize American troops in Japan that includes moving 8,000 Marines and their 9,000 dependents to the U.S. territory of Guam by 2014. But U.S. officials had said that the other pieces cannot move forward until the Futenma issue was resolved.The two countries said an environmental impact assessment and construction of the replacement facility should proceed without significant delay.The statement called for a logistical study to be completed by the end of August.The base, whose plans call for a 1,800-meter (5,900-feet) runway built partly on reclaimed land off the coast of Henoko, faces intense opposition from residents and environmentalists.The joint statement called for sensitivity to Okinawans' concerns.

The Ministers recognized the importance of responding to the concerns of the people of Okinawa that they bear a disproportionate burden related to the presence of U.S. forces, and also recognized that the more equitable distribution of shared alliance responsibilities is essential for sustainable development of the alliance,they said.
They said they would consider moving military training facilities off of Okinawa, possibly to nearby Tokunoshima, or out of Japan completely. The accord called for more environmental stewardship, through which U.S. bases in Japan might incorporate renewable energy technology.Associated Press Writers Malcolm Foster, Shino Yuasa and Mari Yamaguchi contributed to this report.

USAF vehicle breaks record for hypersonic flight
Thu May 27, 6:21 am ET

WASHINGTON – An experimental aircraft has set a record for hypersonic flight, flying more than 3 minutes at Mach 6 — six times the speed of sound.The X-51A Waverider was released from a B-52 Stratofortress off the southern California coast Wednesday morning, the Air Force reported on its website. Its scramjet engine accelerated the vehicle to Mach 6, and it flew autonomously for 200 seconds before losing acceleration. At that point the test was terminated.The Air Force said the previous record for a hypersonic scramjet burn was 12 seconds.[Related: Secret X-37B space plane spotted by amateur skywatchers]We are ecstatic to have accomplished many of the X-51A test points during its first hypersonic mission, said Charlie Brink, an X-51A program manager with the Air Force Research Laboratory at Wright-Patterson Air Force Base, Ohio.We equate this leap in engine technology as equivalent to the post-World War II jump from propeller-driven aircraft to jet engines,Brink said. The Waverider was built for the Air Force by Pratt & Whitney Rocketdyne and Boeing Co.

Joe Vogel, Boeing's director of hypersonics, said, This is a new world record and sets the foundation for several hypersonic applications, including access to space, reconnaissance, strike, global reach and commercial transportation.Four X-51A cruisers have been built for the Air Force, and the remaining three will be tested this fall.No test is perfect, Brink said, and I'm sure we will find anomalies that we will need to address before the next flight.

Geithner: US, Europe broadly agree on reform By GEIR MOULSON, Associated Press Writer – Thu May 27, 4:24 pm ET

BERLIN – The United States and Europe broadly agree on the need for reform of the financial system, but global cooperation is needed, U.S. Treasury Secretary Timothy Geithner said Thursday. He also said countries are working together to balance cutting back deficits with supporting economic growth.Geithner met German Finance Minister Wolfgang Schaeuble during a two-day visit to Europe that also took him to Britain and to the European Central Bank in Frankfurt.The trip comes amid ongoing market volatility following European nations' agreement this month on a euro750 billion (nearly $1 trillion) loan backstop for governments in danger of defaulting on debt — coupled with efforts to cut budget deficits.Germany, the eurozone's biggest economy, pushed that deal through parliament last week. Geithner welcomed Berlin's leadership role in putting together this very strong framework, as well as its speedy action to implement it.He deflected worries that austerity measures could lead to an economic setback. He underlined the need to reduce debt to sustainable levels over the medium term and added that we're going to get there at somewhat different paces.

We are working very closely together to try to make sure that we are strengthening and reinforcing this global recovery, he said.Schaeuble noted that the rules governing the euro are titled the stability and growth pact and said countries would try to do justice to both elements.The eurozone rescue package — preceded by a rescue for Greece that remains unpopular in Germany — has been accompanied by renewed European determination to advance regulatory reform of the financial system. Many on the continent contend that speculative market practices exacerbated the debt crisis.Last week, European Union governments overrode British objections and U.S. worries to tighten rules for hedge funds, and Germany unilaterally announced curbs on traders of government debt and bank stocks — a move that rattled markets.Geithner accentuated areas of trans-Atlantic agreement but stressed the U.S. commitment to a a cooperative global approach leading up to next month's summit of the Group of 20, which combines rich countries with emerging nations such as China and India.The United States and Europe are in broad agreement on the importance of putting in place more conservative constraints on risk-taking, more conservative capital requirements, bringing transparency and disclosure to derivatives markets, making sure that the regulators and supervisors can do their job, Geithner said.

He acknowledged that we're going to have slightly different approaches because we have different systems.But we all agree on the need for a common framework, he added.These are global markets, you need common standards — you don't want to just let risk move outside the scope of regulation.He didn't comment directly on the German ban on so-called naked short-selling and planned legislation to cement it in law.Schaeuble — who acknowledged that the American approach is a somewhat different one — renewed his defense of the move, saying it was justified given recent months' experiences and could be superseded by future European regulation.One area of agreement is the need for a levy on major banks to ensure that they cover the costs of any future banking crisis.In Paris Thursday, one of President Barack Obama's top advisers said it would be a mistake for the U.S. to rapidly wind down stimulus measures to cut its deficit.It would be wrong to tighten fiscal policy immediately, as that would nip the nascent economic recovery in the bud, said Christina Romer, head of the White House Council of Economic Advisers. She advocated further measures such as fiscal relief for state and local governments and extension of emergency benefits for the long-term unemployed. Both Geithner and Schaeuble argued that it was no problem for countries to take varying approaches. The balance is going to be different in different countries, Geithner said.That's a necessary, desirable thing. We all have slightly different room for maneuver. Schaeuble said European countries with aging populations and lower potential growth have narrower room for maneuver on sustaining deficits than nations such as the U.S. with a strong growth dynamic.

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.

Volcanic ash shuts down Guatemala City airport By JUAN CARLOS LLORCA, Associated Press Writer – Thu May 27, 11:51 pm ET

GUATEMALA CITY – Authorities closed Guatemala's international airport Thursday after the nearby Pacaya volcano showered as much as 3 inches (8 centimeters) of ash over parts of the city.La Aurora airport would be closed at least until noon Friday, and possibly longer, said Angel Perez, a spokesman for the Central American country's Civil Aeronautics Office.The volcano is about 15 miles (25 kilometers) south of the Guatemalan capital.Two to three inches of ash accumulated on streets in some southern parts of the city, and officials imposed limits on trucks and motorcycles to help speed up traffic slowed by the ash.The government urged residents not to leave their homes unless there was an urgent need, and issued a state-of-disaster declaration, making it easier to disburse funds to deal with the problem.Two villages near the peak were evacuated, with dozen of residents taken to shelters or relatives' homes to wait out the eruption, said David de Leon a spokesman for the national disaster committee.Local media reported that volcanic rock fell on the evacuated villages, smashing car windshields. Eruptions began several days ago.The most active of Guatemala's 32 volcanos, Pacaya has been intermittently erupting since 1966, and tourists frequently visit areas near three lava flows formed in eruptions between 1989 and 1991.In 1998, the 8,373-foot (2,552-meter) volcano twice spewed plumes of ash, forcing evacuations and shutting down the airport in Guatemala City.

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.

Major earthquake, aftershocks hit South Pacific
MAY 28,10

PORT VILA (AFP) – A 7.2-magnitude earthquake struck off Vanuatu Friday, seismologists said, sparking a tsunami warning which was later cancelled.The quake hit at 4:14 am (1714 GMT Thursday) at a depth of 36 kilometres (22 miles), 214 kilometres northwest of Luganville, or 2,070 kilometres northeast of Brisbane, Australia, according to the US Geological Survey.The Pacific Tsunami Warning Centre issued a tsunami warning for areas of the South Pacific including the Solomon Islands, Vanuatu and New Caledonia.Such warnings mean coastlines near the epicentre can be subject to tidal waves within minutes, but the alert was cancelled less than an hour and a half after the quake.In the six hours after the initial tremor, five aftershocks measuring between 5.0 and 6.4 in magnitude shook the area.A spokeswoman for Vanuatu's National Disaster Management Office said Friday the office had not yet received any reports of major damage from the northern Torba province, which was closest to the quake's centre.The Pacific Tsunami Warning Centre said there had been no indication of any tsunami activity generated by the quake.If a tsunami was generated it does not pose a threat to any areas outside the epicentral region. The tsunami warning is now cancelled for all areas covered by this centre.The New Zealand Ministry of Civil Defence issued a tsunami advisory warning people to stay away from the shore but this was withdrawn when it was established there was no risk to New Zealand.Geoscience Australia, which measured the quake at magnitude 7.6, said that no ocean tide gauges it was monitoring had recorded any major activity.

Seismologist Clive Collins said the apparently uninhabited area closest the quake was remote and unlikely to have experienced significant damage.In October last year, three major quakes -- with magnitudes of 7.8, 7.7 and 7.3 -- shook the same region of Vanuatu, sparking a South Pacific-wide tsunami alert.Although no damage was reported, October's warning caused widespread panic throughout region, coming little more than a week after a tsunami devastated parts of Samoa, American Samoa and northern Tonga, killing 186 people.

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.

2010 hurricane season may be worst on record
Thu May 27, 5:42 pm ET

WASHINGTON (AFP) – The 2010 Atlantic hurricane season may be one of the worst on record, US officials warned Thursday, amid fears it could deepen an oil crisis in the Gulf of Mexico and bring new misery to Haiti.An active to extremely active hurricane season which starts on June 1 is expected for the Atlantic Basin this year, US officials said.The National Oceanic and Atmospheric Agency (NOAA) predicted 14 to 23 named storms, including eight to 14 hurricanes, three to seven of which were likely to be major storms, with winds of at least 111 mph.This is compared to an average six-month season of 11 named storms, six of which become hurricanes, two of them major.If this outlook holds true, this season could be one of the more active on record, said NOAA administrator Jane Lubchenco.The greater likelihood of storms brings an increased risk of a landfall. In short, we urge everyone to be prepared, he said.Hurricane fears are particularly acute this year in the Gulf of Mexico, where millions of gallons of oil from a leaking BP undersea well is pushing into ecologically sensitive marshlands.

And in Haiti, hundreds of thousands of people are still living in makeshift camps more than five months after a devastating earthquake.NOAA said the prediction that there will be more and bigger storms this year than average was based on several factors.President Barack Obama's spokesman Robert Gibbs said the government is mobilizing for the potential impact of any hurricanes.The president stressed that the government must ensure we consider the effects the BP oil spill could have on storms, response capabilities, and recovery efforts in planning for this year's season, Gibbs said.He added however that those considerations do not change the primary mission of emergency management officials during a response, which is to support state efforts to protect lives and property.Forecasts said that windshear, which helped suppress hurricane activity in 2009 by tearing up storms before they developed, is expected to be weaker this year as the El Nino effect dissipates in the eastern Pacific.El Nino is a cyclical phenomenon that brings unusually warm ocean temperatures to the equatorial Pacific, but cooler temperatures to the Caribbean and the Atlantic.Its opposite is La Nina, when Pacific temperatures are unusually cold. In those years, the US southeast is unusually warm, enabling storms to grow and move.Sea surface temperatures in the Atlantic are already up to four degrees Fahrenheit above average, NOAA said.Whether or not we approach the high end of the predicted ranges depends partly on whether or not La Nina develops this summer, said Gerry Bell, a hurricane forecaster at NOAA's Climate Prediction Center.

At present we are in a neutral state, but conditions are becoming increasingly favorable for La Nina to develop.And NOAA said the period since 1995 has been one of unusually high storm activity with eight of the last 15 seasons ranking in the top ten for the most named storms. In 2005, there were 28 named storms.

Israel partly opens West Bank road to Palestinians By BEN HUBBARD, Associated Press Writer - MAY 28,10

BEIT SIRA, West Bank – The Israeli military partially opened a West Bank highway to Palestinian drivers on Friday to comply with a ruling of the country's highest court.
The road, known as Highway 443, is a major link between Jerusalem and Tel Aviv and is heavily traveled by Israeli commuters. Much of its length runs through the West Bank, one of the territories Palestinians claim for a their hoped-for state and parts of it were paved on land expropriated from Palestinians.The Israeli military, which maintains overall control of the West Bank, banned Palestinian cars in 2002 after a string of Palestinian shooting attacks on the road killed Israeli motorists.

In 2007, with Israeli-Palestinian violence winding down, local Palestinians petitioned Israel's Supreme Court, demanding to be allowed to use the road. The court agreed that the ban was discriminatory and ordered the highway opened, despite the military's argument that the move would endanger Israelis because it could allow militants to easily access the road and escape into Palestinian villages.Military spokesman Peter Lerner said Friday the military had fully complied with the court ruling.But Palestinians and Israeli human rights groups say the opening is insufficient because army checkpoints still effectively restrict Palestinians to a short section of about six miles (nine kilometers) and block access to the cities of Ramallah and Jerusalem.Attorney Dan Yakir of the Association for Civil Rights in Israel, which filed the court appeal on behalf of the Palestinians, noted at a press conference this week that much of the road was built on land confiscated from Palestinians. He said the only solution to any security problems would be to bar Israelis, not Palestinians, from the road.A small number of Palestinian cars were seen on the road after the reopening Friday, with Israeli soldiers checking each car thoroughly before allowing it onto the highway.

NUCLEAR WEAPONS WILL BE USED.

PSALMS 97:3
3 A fire goeth before him, and burneth up his enemies round about.

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

ISAIAH 66:15-18
15 For, behold, the LORD will come with fire, and with his chariots like a whirlwind, to render his anger with fury, and his rebuke with flames of fire.
16 For by fire and by his sword will the LORD plead with all flesh: and the slain of the LORD shall be many.
17 They that sanctify themselves, and purify themselves in the gardens behind one tree in the midst, eating swine's flesh, and the abomination, and the mouse, shall be consumed together, saith the LORD.
18 For I know their works and their thoughts: it shall come, that I will gather all nations and tongues; and they shall come, and see my glory.

ISAIAH 26:21
21 For, behold, the LORD cometh out of his place to punish the inhabitants of the earth for their iniquity: the earth also shall disclose her blood, and shall no more cover her slain.(WW3,1/2 earths population die).

ISAIAH 13:6-13 KJV
6 Howl ye; for the day of the LORD is at hand; it shall come as a destruction from the Almighty.
7 Therefore shall all hands be faint, and every man's heart shall melt:(FROM FRIGHT)
8 And they shall be afraid: pangs and sorrows shall take hold of them; they shall be in pain as a woman that travaileth: they shall be amazed one at another; their faces shall be as flames.
9 Behold, the day of the LORD cometh, cruel both with wrath and fierce anger, to lay the land desolate: and he shall destroy the sinners thereof out of it.
10 For the stars of heaven and the constellations thereof shall not give their light: the sun shall be darkened in his going forth, and the moon shall not cause her light to shine.
11 And I will punish the world for their evil, and the wicked for their iniquity; and I will cause the arrogancy of the proud to cease, and will lay low the haughtiness of the terrible.
12 I will make a man more precious than fine gold; even a man than the golden wedge of Ophir.
13 Therefore I will shake the heavens, and the earth shall remove out of her place, in the wrath of the LORD of hosts, and in the day of his fierce anger.

ISAIAH 24:17-23 KJV
17 Fear, and the pit, and the snare, are upon thee, O inhabitant of the earth.
18 And it shall come to pass, that he who fleeth from the noise of the fear shall fall into the pit; and he that cometh up out of the midst of the pit shall be taken in the snare: for the windows from on high are open, and the foundations of the earth do shake.
19 The earth is utterly broken down, the earth is clean dissolved, the earth is moved exceedingly.
20 The earth shall reel to and fro like a drunkard, and shall be removed like a cottage; and the transgression thereof shall be heavy upon it; and it shall fall, and not rise again.
21 And it shall come to pass in that day, that the LORD shall punish the host of the high ones that are on high, and the kings of the earth upon the earth.
22 And they shall be gathered together, as prisoners are gathered in the pit, and shall be shut up in the prison, and after many days shall they be visited.
23 Then the moon shall be confounded, and the sun ashamed, when the LORD of hosts shall reign in mount Zion, and in Jerusalem, and before his ancients gloriously.

2 TIMOTHY 3:1
1 This know also, that in the last days perilous (DANGEROUS) times shall come.

JOEL 2:3,30
3 A fire devoureth before them; 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.
30 And I will shew wonders in the heavens and in the earth, blood, and fire, and pillars of smoke.

ZECHARIAH 14:12-13
12 And this shall be the plague wherewith the LORD will smite all the people that have fought against Jerusalem; Their flesh shall consume away while they stand upon their feet, and their eyes shall consume away in their holes, and their tongue shall consume away in their mouth.
13 And it shall come to pass in that day, that a great tumult from the LORD shall be among them; and they shall lay hold every one on the hand of his neighbour, and his hand shall rise up against the hand of his neighbour.

EZEKIEL 20:47
47 And say to the forest of the south, Hear the word of the LORD; Thus saith the Lord GOD; Behold, I will kindle a fire in thee, and it shall devour every green tree in thee, and every dry tree: the flaming flame shall not be quenched, and all faces from the south to the north shall be burned therein.

ZEPHANIAH 1:18
18 Neither their silver nor their gold shall be able to deliver them in the day of the LORD'S wrath; but the whole land shall be devoured by the fire of his jealousy: for he shall make even a speedy riddance of all them that dwell in the land.

MALACHI 4:1
1 For, behold, the day cometh, that shall burn as an oven; and all the proud, yea, and all that do wickedly, shall be stubble: and the day that cometh shall burn them up, saith the LORD of hosts, that it shall leave them neither root nor branch.

REVELATION 8:7
7 The first angel sounded, and there followed hail and fire mingled with blood, and they were cast upon the earth: and the third part of trees was burnt up, and all green grass was burnt up.

REVELATION 9:18
18 By these three was the third part of men killed, by the fire, and by the smoke, and by the brimstone, which issued out of their mouths.

HALF OF EARTHS POPULATION DIE DURING THE 7 YR TRIBULATION.(THESE VERSES ARE JUDGEMENT SCRIPTURES NOT RAPTURE SCRIPTURES)

LUKE 17:34-37
34 I tell you, in that night there shall be two men in one bed; the one shall be taken, and the other shall be left.
35 Two women shall be grinding together; the one shall be taken, and the other left.
36 Two men shall be in the field; the one shall be taken, and the other left.
37 And they answered and said unto him, Where, Lord? And he said unto them, Wheresoever the body is, thither will the eagles be gathered together.(Christians have new bodies,this is the people against Jerusalem during the 7 yr treaty)(Christians bodies are not being eaten by the birds).

MATTHEW 24:37-51
37 But as the days of Noe were, so shall also the coming of the Son of man be.
38 For as in the days that were before the flood they were eating and drinking, marrying and giving in marriage, until the day that Noe entered into the ark,
39 And knew not until the flood came, and took them all away; so shall also the coming of the Son of man be.
40 Then shall two be in the field; the one shall be taken, and the other left.
41 Two women shall be grinding at the mill; the one shall be taken, and the other left.
42 Watch therefore: for ye know not what hour your Lord doth come.
43 But know this, that if the goodman of the house had known in what watch the thief would come, he would have watched, and would not have suffered his house to be broken up.
44 Therefore be ye also ready: for in such an hour as ye think not the Son of man cometh.
45 Who then is a faithful and wise servant, whom his lord hath made ruler over his household, to give them meat in due season?
46 Blessed is that servant, whom his lord when he cometh shall find so doing.
47 Verily I say unto you, That he shall make him ruler over all his goods.
48 But and if that evil servant shall say in his heart, My lord delayeth his coming;
49 And shall begin to smite his fellowservants, and to eat and drink with the drunken;
50 The lord of that servant shall come in a day when he looketh not for him, and in an hour that he is not aware of,
51 And shall cut him asunder, and appoint him his portion with the hypocrites: there shall be weeping and gnashing of teeth.

Nuclear treaty talks on brink of failure: diplomats By Louis Charbonneau – Fri May 28, 1:05 am ET

UNITED NATIONS (Reuters) – Talks on shoring up the global anti-nuclear arms treaty were on the edge of failure on Friday as the United States and its allies clashed with Egypt over a push to pressure Israel to scrap any atom bombs it has.For a month the 189 signatories of the 1970 nuclear Non-Proliferation Treaty have been meeting in New York in hopes of agreeing on a plan to shore up the troubled pact, which analysts say has been hit by Iran's and North Korea's atomic programs and failure by the nuclear powers to disarm.The latest draft of a final declaration for the NPT review conference calls for U.N. Secretary-General Ban Ki-moon to organize a meeting of all Middle Eastern states in 2012 on how to make the region free of nuclear and other weapons of mass destruction (WMD) as demanded by a 1995 NPT resolution.The creation of a WMD-free zone would eventually force Israel to abandon any atomic bombs it has. The Jewish state, which like nuclear-armed India and Pakistan never signed the NPT, is presumed to have a sizable nuclear arsenal but neither confirms nor denies it. Israel is not participating in the NPT meeting.

In a radical departure from the previous U.S. administration, President Barack Obama's negotiators had agreed to join the NPT's other four official nuclear powers -- Britain, France, Russia and China -- in backing such a conference while encouraging reluctant Israel to participate.The five permanent U.N. Security Council members and a group of Arab states led by Egypt are close to a deal that would make the 2012 conference happen, delegates say. But the two sides have reached an impasse on the question of whether Israel should be named in the declaration as a problem state.The Egyptians insist the declaration must state explicitly that Israel should join the NPT as a non-nuclear weapon state, but the Americans are refusing, diplomats said.

LAST-MINUTE COMPROMISE?

One Western diplomat familiar with the talks described the situation as not looking too hopeful.He said there was a stark choice for the Arabs -- name and shame Israel or have a conference in 2012 to move forward the 1995 promise ... toward a WMD-free zone in the Mideast.My bet is their (the Arabs') short-term political needs will trump their long-term strategic interest, he said.Other delegates confirmed the possibility that the NPT review conference would fail to agree on a final declaration because of disagreements on the Middle East question, repeating what happened at the last NPT review conference in 2005.But diplomats said they hoped the United States and Egypt -- the key players in the Middle East negotiations -- would strike a last-minute compromise that salvaged the conference.We've worked so hard for the past month, one diplomat said. We've got a strong draft that would strengthen all three pillars of the NPT -- disarmament, non-proliferation and peaceful use of nuclear energy. It shouldn't be thrown away.Western diplomats said Israel had reluctantly agreed to attend the 2012 conference but only on condition that it not be named and shamed in the final declaration.Iran's envoy to the U.N. nuclear watchdog, Tehran's chief delegate, accused the United States of causing the impasse at the NPT talks. Apart from the Middle East WMD-free zone, he said Washington and the other nuclear powers had rejected key demands of Iran and the other non-aligned developing nations.

Ambassador Ali Asghar Soltanieh said those demands were for a precise deadline for nuclear powers to disarm, a call for negotiations on a treaty banning the use of atomic arms, and a pledge from the five nuclear powers not to use atomic bombs on states without them, known as a negative security assurance.The nuclear weapon states, particularly the United States, have not cooperated to find a solution for these four main issues, Soltanieh told reporters, adding that the NPT talks had reached a deadlock. If the nuclear powers refuse to compromise,they should be blamed for consequences, Soltanieh said, adding that Tehran was prepared to block a declaration that it viewed as too weak. Since NPT meetings make decisions by consensus, Iran has a virtual veto.(Editing by Bill Trott)

Netanyahu in Paris fetes Israel's OECD entry by Roland Lloyd Parry – Thu May 27, 12:21 pm ET

PARIS (AFP) – Israel officially joined the OECD club of rich economies Thursday, giving a boost to Prime Minister Benjamin Netanyahu as he heads for talks in Washington on the faltering Middle East peace process.Netanyahu attended a ceremony at the Paris headquarters of the Organisation for Economic Cooperation and Development (OECD) as it welcomed Israel along with Estonia, Slovenia and Chile to the 31-nation grouping.We in Israel are deeply honoured by your invitation to join this club,Netanyahu said.We see this not only as recognition of what we have achieved, but as a vote of confidence for the future, he added.OECD member states decided this month to invite Israel to join despite objections from Palestinians, who argued that letting Israel in would be a breach of the Paris-based group's commitment to human rights.The ceremony came as the Israeli leader prepared for a key meeting with US President Barack Obama in Washington on Tuesday.OECD membership means Israel's status with foreign investment funds switches from that of an emerging economy to a developed one, opening up new sources of capital.The invitation caps a 16-year campaign waged by Israel for membership and Netanyahu had hailed the decision as one of strategic importance, bringing Israel into the club of the world's elite economies.

Netanyahu began his visit with lunch at the Elysee Palace, posing for the cameras with French President Nicolas Sarkozy before heading into talks on advancing Middle East peace, bilateral relations and Iran.Sarkozy voiced hope that a UN sanctions resolution against Iran that will be the most strongly-worded possible will soon be adopted at the Security Council, Elysee officials said.I think he's been forthright and very clear throughout his presidency about the need to stop Iran acquiring nuclear weapons and I expressed appreciation for that, Netanyahu told reporters following his meeting.France has been at the forefront of western calls for a fourth round of sanctions against Iran over its failure to meet demands that it halt uranium enrichment, the main ingredient in nuclear bomb-making.On the Middle East peace track, a significant diplomatic move came on Wednesday when White House chief of staff Rahm Emanuel delivered an invitation to Netanyahu from Obama.The Netanyahu-Obama working meeting on Tuesday is to discuss our shared security interests as well as our close cooperation in seeking peace between Israel and its neighbours, Emanuel said after talks with the Israeli leader in Jerusalem.Israeli newspapers described the invitation as a sign that Obama is seeking to turn a new leaf in relations with the Likud leader that have been strained by a dispute over Jewish settlements.Obama has also invited Palestinian leader Mahmoud Abbas to visit in June in his latest bid to revive direct negotiations after an 18-month break.Indirect talks were first agreed in March but the initiative collapsed within days when Israel announced plans to build 1,600 settler homes in east Jerusalem.In France, many in Jewish intellectual circles increasingly see Netanyahu as an obstacle to peace rather than an engaged party.An online petition dubbed the European Jewish Call for Reason or JCall has gathered more than 6,000 signatures, including prominent Jewish figures such as philosophers Bernard-Henri Levy and Alain Finkielkraut. Netanyahu will travel to Canada on Friday before heading to Washington.

Zapatero squeaks austerity package through parliament
ANDREW WILLIS Today MAY 28,10 @ 09:24 CET

The Spanish parliament has passed a package of government-backed austerity measures by the narrowest of margins - just one vote - with the political fallout potentially leading to early elections. A minority Socialist government headed by Prime Minister José Luis Rodríguez Zapatero managed to squeak the result through a dubious legislature on Thursday (27 May), thanks in part to the abstention of the Catalan Convergència i Unió party (CiU).Politicians from all sides criticised the €15 billion package of spending cuts that aims to reduce the country's budgetary deficit from 11.2 percent of GDP to 6 percent in 2011.Spanish finance minister Elena Salgado defended the plans in front of MPs, saying the measures were painful but unavoidable. They include a five percent cut in civil servant pay from next month, a pension freeze and reductions in public investment spending.The government hopes the cuts will help take market heat off the southern economy.

An EU-IMF bail-out agreement for Greece last month turned investors' attention towards Spain and Portugal, forcing their administrations to announce additional deficit cutting measures as part of a wider EU agreement to create a €750 billion support mechanism for struggling eurozone governments. In abstaining from Thursday's vote, regional Catalan party spokesman Josep Antoni Duran i Lleida said his party's decision was designed to avoid Spain suffering the same fate as Greece. But he added that Mr Zapatero's time in office was finished.The problem isn't the pensioners or the civil servants or the pharmacies,he said. The problem is you and your government.
Mr Zapatero's administration is due to expire in 2012, but with the CiU indicating they will not support the government's 2011 budget, early elections are looking increasingly likely.Growing civil unrest against the austerity measures is adding to embattled leader's problems, with civil servants already expected to strike next month over the cut in their wages.The main centre-right opposition Popular party justified its opposition to the measures saying they would impact on society's weakest. Yes, let's cut the deficit, said party leader Mariano Rajoy,but not like this.The narrowness of Thursday's decision is unlikely to add to investor confidence, creating doubts over the government's ability to implement the unpopular austerity package.Early elections and the prospect of a new government could also dampen the momentum for reform, said analysts, with a centre-right administration likely to face greater difficulty in winning the support of unions.

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).

EU's remote islands slam Brussels for ignoring their problems VALENTINA POP
Today MAY 28,10 @ 09:27 CET

EUOBSERVER / BRUSSELS – The EU's outermost islands in the Atlantic and Indian Oceans say the policies decided in Brussels concerning free trade, agriculture or fisheries take too little consideration of their interests and economic problems.The EU's free-trade agreements with countries in our region often jeopardise our own small producers, who are dependent on a few crops. We need pragmatic policies to make it through until 2014 [when the new multi-annual EU budget starts], Paulino Rivero Baute, the president of the regional government in the Canary islands said on Thursday (27 May). He was speaking in Brussels at the Forum for outermost Europe 2010, hosted by the European Commission and featuring representatives of territories belonging to France, Spain and Portugal, from the time when they were colonial powers.The EU's nine outermost regions are part of the internal market, the eurozone and they hold elections for the European Parliament. France is the governor of the bulk of this grouping with the Caribbean islands of Guadeloupe, Martinique, Saint-Martin and Saint-Barthelemy, along with Reunion island in the Indian Ocean and French Guyana, a territory bordering Brazil and Suriname. Spain's Canary islands and Portugal's Azores and Madeira in the Atlantic Ocean are also part of the grouping.

Under a special provision in the Lisbon Treaty, these regions can apply for special exemptions from some policy areas that may impact their economy. Dwindling revenues from tourism, unemployment rates above 25 percent and difficulties in competing with Latin American, Asian and Pacific producers of the same agricultural products are all part of a gloomy mix in the insular communities.We have to ask ourselves if it is fair in these big agreements not to make special arrangements for the outermost regions, if it is fair to have the same market conditions for us and for huge competitive territories, Mr Baute asked, referring to the free-trade agreement the EU has with many countries beyond the bloc.Didier Robert of Reunion said that his island, affected by free-trade agreements with Asian and Pacific countries, did not want to fall a victim to the external policies of the EU.He also urged Brussels to take into account the special marine space available to Reunion when reforming the common fisheries policy. With small, scattered communities, specialised in tourism services and agriculture, but with high transport costs due to their remoteness, most of the islands have a difficult time coping with the effects of the economic crisis.We suffer from poverty too. It is not easier in the sunshine than it is in the snow,Frantz Gumbs, president of territorial council of Saint Martin told the audience. His Carribean island, with some 75,000 inhabitants, suffers from a double insularity, he explained, as it is divided between a French authority in the north and Dutch rule in the south. Only the French part has an EU outermost region status, including the euro as currency, while the Dutch part is using Antillean guilders.

The Dutch half may however join the EU grouping, as it is part of the Dutch Antilles, which in October are expected to ask the Hague for a different constitutional status. According to the Lisbon Treaty, Denmark, the Netherlands and France have reserved their right to add other territories to the outermost regions list, pending approval of all EU member states.Great Britain has not signaled interest in such an arrangement for its overseas territories.

French lobby

France's EU commissioner, Michel Barnier, currently in charge of internal market and financial services, also spoke at the event, in his capacity as a former regional affairs commissioner between 1999 and 2004.He made a point of addressing every regional leader by name and spoke about the difficulty of advancing the cause of the outermost regions in a commission where only three countries out of 27 have such territories.With three out of 27 it is quite different than with three out of 15, as it was last time around I was commissioner, Mr Barnier said, in reference to Spanish commissioner Joaquin Almunia (competition) and the commission's own chief Jose Manuel Barroso from Portugal. He said the current regional affairs commissioner, Johannes Hahn from Austria, is a strong advocate of the cause. Agriculture commissioner Dacian Ciolos is also seen as open to the islands' plight for his impact assessments of the common agricultural policy on the EU's outermost regions, in terms of the economic, social, and monetary effects.