STOCK RESULTS OCT 14,10

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Baby in foster care sent to hospital By Maddie Hanna / Monitor staff
October 14, 2010

The newborn taken from an Epsom couple last week by state social workers was sent to the hospital yesterday but is fine, officials said last night.Parents Johnathon Irish and Stephanie Taylor had a supervised visit with their daughter and a state social worker yesterday at a Strafford County administration building and during the visit there was some concern about the possibility of some blood that was seen in a diaper, said Capt. Joseph DiGregorio of the Strafford County Sheriff's Office.As a precautionary measure, DiGregorio said, the sheriff's office decided to have the baby examined at Exeter Hospital.But there was no indication of any abuse, he said. Zero. Nothing. The baby was back in foster care last night, DiGregorio said.The state cited concerns over a history of domestic violence between Irish and Taylor to support its seizure of the baby. Court documents also mention Irish's affiliation with anti-totalitarian group the Oath Keepers. Several websites and blogs reported yesterday that the child, Baby Cheyenne, had been taken to the hospital to be treated for sexual abuse, generating outrage among the couple's supporters.But the baby is absolutely fine,said Maggie Bishop, the director of the state Division for Children, Youth, and Families. The baby is healthy, safe, and absolutely fine.

Silver crosses Rs 37,000-level, gold rallies to all-time high
Reddit Newsvine

MUMBAI: Both the precious metals, silver and gold, rallied to an all-time high during the early trade on the bullion market here on Thursday on hectic stockists buying amid speculative support triggered by rise in the global market. Silver prices (.999 fineness) rallied by Rs 940 per kilo to resume at Rs 37,130 from the overnight closing level of Rs 36,190. Standard gold (99.5 purity) shot up by 185 per ten grams to Rs 19,880 from Rs 19,695 previously. Pure gold (99.9 purity) also hardened by Rs 180 per ten grams to Rs 19,975 from Rs 19,795 yesterday. Gold futures ran with the bulls yesterday in New York markets to settle at their 16th record high in five weeks, as a spurting US dollar and expected Federal Reserve intervention in the economy drove demand.Gold for December delivery closed up USD 23.80 to 1,370.50 an ounce on the Comex division of the New York Mercantile Exchange. Silver for December delivery settled up 78 cents to USD 23.93 an ounce.

THERE ALL OVER MSNBC TALKING ABOUT THE DOLLAR HOW LOW IT IS.THE WORLD MONEY IS ALL BEING DEVALUED TO BRING ABOUT THE SINGLE CURRENCY OF THE NEW WORLD ORDER CONTROL FREAKS.

What Does the USA Dollar Devaluation Mean to You? PLIM REPORT

Yahweh-JESUS said to Israel that they would perish for a lack of knowledge (Hos. 4:6). Most Americans, no matter their vocation, are totally ignorant of the current plight of the US dollar, especially in relation to the Euro. In short, there is a dollar crisis in the world economy due to the level of American debt, which is the largest debtor in history, owing between $70-$100 trillion.

Americans have no knowledge that the US private controlled central bank, the Federal Reserve Bank, creates money out of thin air, is the chief cause of inflation in America, and the creator of various financial bubbles in stock market and real estate. The reason that Americans are ignorant of the current dollar and economic crisis is that the US controlled media has not reported on it. The US media is controlled by five or six major corporations; Disney owns ABC, CBS is owned by Viacom, GE owns NBC. In short, the truth is suppressed and kept from the American masses. This is the chief cause of the mind control of 99.0% of Americans.Although many world authorities, such as the IMF (International Monetary Authority) and World Bank, said the dollar will be devalued. this has not been reported in the US media.

Effects of US Dollar decline

Formerly economic adviser to President Clinton Robert Reich said in Canada recently that the US dollar will collapse, which was not reported in the news. The devaluation of the U.S. dollar means a decline in the purchasing power of the dollar, which leads to a decline in living standards. For example, if the US dollar declines 40% and you had a million US dollars, the million dollars will only buy $600,000.00 worth of goods and services. You would have lost $400,000.00 in purchasing power. Any type of investment in dollars, such as saving accounts, saving bonds, annuities, pensions, etc., will suffer from this decline. In the coming decline of the dollar it will impoverish almost 50% of the white middle class and the other 40% will barely survive. Now between 5 -10% of Americans will prosper from this decline of the dollar because they have the knowledge of how to protect their assets.

U.S. dollar world currency

The US dollar is the world trading currency, which means all goods and services are priced in U.S. dollars. With a U.S. dollar devaluation, the impact on international trade is tremendous. Any countries trading with the US will Immediately raise their prices in anticipation of this devaluation. All commodities, such as oil, coffee, chromium, copper, iron, etc., are setting record prices due to the dollar decline and anticipation of the US dollar devaluation. This is one reason why oil is now over $50.00 per barrel. The oil producers know that the dollars they are receiving for their oil is declining in purchasing power, so they raise their prices to protect their investment. No one wants to hold a currency that is declining in value.

Dollar is reserve currency

Since no currency is fully backed by gold or silver, the US dollar is the world reserve currency. This decision was the result of the Bretton Wood agreement signed after World War II and means that the various nations' central banks, which create money for the countries, must have their currency backed by the US dollar. In short, these central banks must hold US dollars and Treasury instruments.In other words, for over the last 50+ years the US dollar has served the same purpose as gold & silver in backing the currency. This arrangement is good as long as the dollar holds its value.The dollar is a fait currency. Meaning, it has no precious metals backing it and is accepted by faith. The only currency that has maintained intrinsic value for the last 5,000 years is gold and silver.Central banks will hold these dollars only up to certain point, If dollars were to decline drastically, they will be forced to sell them for they are losing value and their currency has no backing. So they will sell dollars, causing a further decline in the dollar and buy the next strongest currencies.

What causes dollar devaluation?

Now the problem arises when the US dollar begins to fall in value, as the result of the Federal Reserve Bank printing too many dollars to cover budget deficits, causing inflation, a decline in purchasing power.Budget deficits, spending more than tax revenue collected, and trade deficits, buying more imports than you can sell exports, are two of the primary reasons for the US dollar decline today. Now under Bush Jr.'s administration, the budget deficit is close to half-trillion dollars and the trade deficit is close to half-trillion dollars. So, the sum of these two deficits are one trillion dollars. Neither party has addressed these deficits which will get worse and this is beginning to cause a crisis in faith in dollars It is the Asian countries, mainly Japan and China, that are supplying the US with between 1.5 - 2.0 billion per day for exports to keep the US economy going wit out these funds that the economy would crash.

What will people and nations do in the US dollar devaluation crisis?

Real money has been gold and silver for the last 5,000 years. As the US dollar declines in value, people, investors and nations will flee to the strongest currencies, such as the Swiss Franc and Euro. Central banks and people also began to buy gold and silver as a hedge against the decline of the dollar. Gold and silver rise dramatically in price as the demand increased and everyone sell dollars. Smart money have already made the move into gold and silver. Billionaires have already began to protect their assets from the coming dollar devaluation by buying gold and silver.Warren Buffet, the richest American according to Forbes magazine, owns 20% of the world silver supply. He states that he lost faith in American dollars.Gates of Microsoft owns 10-20% of Pan American Silver mine and Billionare George Soros also has holdings in gold and silver mines.It is the average American that is totally ignorant of what is happening with the American dollar. It has already declined over 30% as compared to the Euro in the last four years. Americans, regardless of their occupation, if they want to preserve their wealth and protect their family from the ravishes of poverty, they must obtained a knowledge of gold silver investments, while these metals are relatively cheap.

US Dollar Heading For Collapse - Robert Reich
By James Baxter mbatko@lycos.com 10-6-4

BANFF, Alta. - The US dollar is fast reaching a point at which foreign investors will abandon it and send it into a freefall, says Bill Clinton's former economic adviser.Robert Reich told the Global Business Forum in Banff that record high budget and trade deficits, personal debt and a foreign policy that is alienating traditional allies, has the already slumping US dollar headed for collapse. The US already requires a daily infusion of $1.2 billion in foreign investment just to keep the greenback's decline under control, he said.The mainstream view is that the budget deficit (currently $422 billion).. is going to get larger,: said Reich, who is an informal adviser to presidential hopeful John Kerry. Simultaneously, the mainstream view is that there is no reason to believe that the trade deficit (approximately $600 billion) is going to shrink anytime soon.In fact, I see the dollar continuing to decline and I see at some point a tipping point where East Asian banks that have been trying to prop up the dollar, maintaining their exports (to the US), because at some point it becomes a lousy investment.Reich said global investors are already conducting significant amounts of business in Euros, not US dollars.The reason for Reich's speech to the audience of approximately 200 business leaders, mostly Canadians, was to explain why free trade has suddenly been revived as a great economic evil in the US.In painting a black outlook for the US economy, Reich suggested the worst is yet to come, especially if President George W. Bush and the Republican party's agenda of tax less and spend more is re-elected in November.My upbeat message is that we don't have to have it like we have it,said Reich, who insisted Bush is not entirely to blame, but bears considerable responsibility for the economic straits facing the US.

Deficits matter,he said.If you embark on a unilateral foreign policy and the rest of the world is upset with you, that has a boomerang effect on your global businesses. It can't help but (have an effect). So not only does fiscal policy matter, but your foreign policy cannot be completely divorced from your national economic policy.
Reich said regardless of who is the next leader, significant measures are going to be needed to control the budget deficit and to begin rebuilding the economy so that real manufacturing wages, which have been largely stagnant in the US since the Reagan era in the 1980s, begin to grow.He also said that while the US is unlikely to retreat from global trade, it is also unlikely to aggressively pursue more open trade for the time being. That's because US workers are suffering and are looking for something to blame, like outsourcing, he said, and politicians are being forced to play along.A lot of people are very, very willing to blame other countries for the loss of American jobs or the stresses on American wages, said Reich. This blame is ill-founded.Nevertheless, in political terms, people talk about jobs being lost in the United States to China... or to India... or elsewhere.Reich also tried to quiet fears among Canadians that Kerry is anti-free trade, saying only that Kerry wants to remove certain tax incentives that encourage companies to move a portion of their manufacturing offshore so that they can legally shelter money from income taxes. He said Kerry believes strongly in the value of trade and that Canadians shouldn't fear his policies.Note - This article was originally published in the Edmonton Journal and the Vancouver Sun, September 25, 2004.
http://portland.indymedia.org/en/2004/10/298769.shtml

WORLD ECONOMY: IMF warns about growing US debt
Wednesday, January 21, 2004 - 11:00 Peter Boyle

We have become accustomed to the International Monetary Fund warning Third World governments about their foreign debt levels. The IMF doing the same to the world's richest and most powerful government, however, is a bit unusual.On January 7, Charles Collyns, deputy director of the IMF's Western Hemisphere Department, released a paper that warned that the US budget had gone from surplus in 2000 to a forecast US$400 billion deficit this year.The US could soon have a net foreign debt equal to 40% of its gross domestic product — an unprecedented level of debt for a large industrialised country. This was a significant risk to the global financial system, the paper concluded, in what was the second warning from the IMF in less than six months.While US Federal Reserve chairperson Alan Greenspan said in Berlin on January 13 that there was for the moment, little evidence of stress in funding US current account deficits, at least one US Federal Reserve governor, Donald Kohn, has echoed the IMF warning.I spoke to Marxist historian Humphrey McQueen, author of The Essence of Capitalism and a member of the Socialist Alliance.

What is going on?

This is not a qualitatively new situation, but for the IMF to say it, puts a whole new force in the market that is so much driven by the animal spirits of those who decide where to invest.The recovery of the US stock markets last year convinced these investors that everything was all right, even though there was the jobless recovery (in fact, people were losing jobs in the US while all this was happening).
But as Paul Krugman and some other commentators have been saying for some time, these twin deficits [fiscal and current-account] can't be managed, even by the world's largest superpower. There's no reason, he said, why the US currency couldn't go the way of Argentina's.There is a battle going on in the US ruling class between the old eastern seaboard establishment — the old money power — and the wild catters from Texas and the western seaboard. So this is as much a brawl inside the US establishment as it is external concerns about the US economy. We saw the same divide open up over Iraq and Bush's tax cuts.The IMF wasn't pointing to something new in the US economy, rather it is the IMF finally coming out to say We can't trust you to fix this.It is interesting that in 1967 the Wall Street Journal ran an editorial that said Let's get out of Vietnam or we are going to ruin our dominance of the world economy. That was coming from a similar line of conflict within the US ruling class.Isn't there a basis for the Texas wild-cat faction to be confident that the rest of the world cannot afford not to keep lending more money to the US, because the global economy now depends on the 4.5% of the world's population that consume nearly half of the world's resources?

Certainly they've been saying that. There was a German economist who recently argued that the Japanese and German capitalists keep throwing their money at them because they had a model that told them that it was in their medium to long-term interests to lose money as the US$ keeps going down. That argument came out in November and it cheered up the Americans that everything will be all right and it won't stop. That might take a bit of a beating.The division in the US ruling class is not just between east- and west-coast capitalists, as there is a split in the East coast between the manufacturers and the financiers, whose interests are more represented by the IMF.

What are the risks to the global economy from the US twin deficits?

Some are worried that the declining US dollar, partly brought into effect to make the US more competitive, will frighten off the people who are putting their money into the US currency. If you own US$100 at the beginning of the year and it is now worth $66, then you have lost a third and begin to think about getting out of US dollars.Traditionally, the flight to gold is a sign that things are going bad. But there are also some other intermediate options. You can move into US bonds or into other currencies (and this is why the Australian dollar is going up).Meanwhile, the appreciating currencies in Australia and Europe are being used to restructure workplaces. Capitalists are beginning to say, Great now we can push through with the industrial relations reform that the government failed to complete! because what this means is that unions are going to have to give up their demands for better wages and working conditions.So, for Australian firms that are cashed up, this situation can be used against their workers as a kind of lock out.The European Central Bank has been saying that the over-valued euro is not a bad thing because they want to be used to smash through the German social security and wage systems. So they will be trying to help manage an orderly devaluation of the US dollar.There is a lot of discussion in Australia about tariff but most people don't realise that the exchange rate is now having a far greater impact than any remaining tariffs. The 30% appreciation in the Australian dollar over the last year alone has meant that there are no remaining effective tariffs in place.

[Australian Manufacturing Workers Union national secretary] Doug Cameron doesn't seem to have caught on. The Productivity Commission knows what is happening and they are quite happily encouraging the bosses to offer useless carrots to the unions in the automobile industry by holding out keeping some minimal and ineffective tariffs in return for more labour market reform.The IMF paper was not arguing against devaluation of the US dollar but warning about the risks of a disorderly devaluation.
What they are worried about is that sharp growth of the US debt will panic somebody into starting a sell-off of US dollars. Alternatively, this could put more pressure on China to revalue its currency and this will have negative flow-on effects through East Asia, hitting the Japanese and Taiwanese economies, for example.The trip wire could be anything. You never know these days, when some sort of scandal like Parmalat or some new concealed loss in a big US corporation, is going to emerge and reverberate somewhere else.It may show up in the stock market first, but it is not really a stock market crisis. High-profile investor Warren Buffet makes the point that the stock market is a voting machine not a weighing machine. Investors vote by taking money out or putting it into stocks. But this is further distorted by tax systems which encourage people to keep their money in even at a risk of it being lost.The IMF paper expressed alarm at the rapidity with which President George Bush's administration had built up its deficit, urged that projected tax cuts be reconsidered and that social security entitlements be further tightened.The IMF is saying, We really don't trust this administration to look after our system properly. There are too many people in there who just think they can take out of the system — by giving tax cuts to their own kind, and so on — and you then get a situation which perpetuates the problem.For the group of people who put up their money for the Bush election campaign, if they are getting their billions in return, they are not thinking of the whole system. The illogic of market theory is that if you are looking after yourself, you are supposed to be looking after everybody. That is not how it truly works, but they don't see it that way.So the IMF rescue is saying to the Bush administration, this is a serious problem, you have got to work out a solution to fix it over the next 10 years.What is to stop the Bush administration saying to the IMF, This is your problem — not mine — if I go down!? This is what the Bush administration is probably going to say. If the ship's going down, we're going to steal as much jewelry out of the safe, kick the women and children out of the lifeboats and save ourselves.From Green Left Weekly, January 21, 2004.

Wall Street sags as foreclosure mess hits bank shares
By Ryan Vlastelica - OCT 14,10

NEW YORK (Reuters) – Bank shares led the Dow and the S&P 500 lower on Thursday, reflecting investors' fears of how a nationwide probe into the mortgage industry's foreclosure practices might affect earnings.JPMorgan Chase & Co (JPM.N) and Bank of America (BAC.N) ranked as the two heaviest weights on the Dow, while Bank of America alone was the S&P 500's fifth-biggest percentage decliner. An S&P index of financial services shares (.GSPF) slid 2.3 percent.But the U.S. dollar's slide limited stocks' losses.New claims for jobless benefits unexpectedly rose 13,000 in the latest week. Though this data was yet another reminder that the labor market remains weak, it reinforced the view that the Federal Reserve will pump more money into the sluggish economy in another round of quantitative easing.The KBW bank index (.BKX) tumbled 3.6 percent on increasing worries that a joint investigation into home foreclosure procedures by attorneys general from all 50 U.S. states would cause uncertainty and threaten the recovery of the fragile housing market.Today is really about banks and the jobless claims on one hand, and the dollar on the other, said Jeffrey Friedman, senior market strategist at Lind-Waldock in Chicago.The foreclosure issue will weigh on us until we see a bottoming in the housing market, and right now, we don't know what kind of financial obligations are possible for banks.Every component of the KBW bank index was in negative territory. Bank of America Corp (BAC.N) lost 5.8 percent to $12.52. JPMorgan Chase & Co (JPM.N) slid 3.1 percent to $38.62.

The Dow Jones industrial average (.DJI) dropped 36.32 points, or 0.33 percent, to 11,059.76. The Standard & Poor's 500 Index (.SPX) shed 6.89 points, or 0.58 percent, at 1,171.21. The Nasdaq Composite Index (.IXIC) slipped 10.06 points, or 0.41 percent, at 2,431.17.The stock market benefited as the dollar fell to a 2010 low against a basket of major currencies (.DXY) after Singapore expanded its currency trading band, driving the Singapore dollar to a record high. The prospect of additional Fed stimulus has created an inverse correlation between the dollar and stocks, with a drop in the greenback sparking a move into equities.After an 11.7 percent rise in the benchmark S&P 500 since September 1, short-term momentum indicators have begun to show overbought conditions.The rally has also brought out some broad bearish bets in the options market. Trading in index ETFs was above normal Wednesday, with about 3.88 million puts and 2.90 million calls changing hands across all products.Google Inc (GOOG.O) shares slipped 0.5 percent to $540.47 and helped pressure the Nasdaq as investors await the release of Google's earnings after the closing bell. Traders in Google options looked they were pricing in a potential post-earnings move of just over 4 percent in the stock's price, which is down from the average swing of 6 percent over the past four quarters. But a bright spot was provided by Yahoo Inc (YHOO.O), up 3.4 at $15.77 after a source said that several private equity firms had approached Internet and media companies, including News Corp (NWSA.O) and AOL Inc (AOL.N), to gauge their interest in buying the company.

Safeway Inc (SWY.N) rose 1 percent to $21.54 after the grocery store operator reported adjusted third-quarter earnings that beat expectations.But shares of industrial distributor WW Grainger Inc (GWW.N) shed 3.1 percent to $121.40 after it forecast a moderation in its fourth-quarter organic revenue growth.(Reporting by Ryan Vlastelica; Additional reporting by Doris Frankel; Editing by Jan Paschal)

OPEC keeps its oil output targets unchanged
By GEORGE JAHN, Associated Press Writer - OCT 14,10

VIENNA – OPEC oil ministers on Thursday left production targets unchanged despite what they say is oversupply, signaling both satisfaction with crude prices in the $80s and determination to send a message of stability to energy-dependent nations emerging from recession.A senior OPEC official also confirmed that the organization was studying a consultant's report that warns of possible substantial losses in earning power for members by 2050 as the world goes green and reduces dependence on fossil-based fuels.The report was prepared for OPEC as part of its long-term strategy, approved Thursday. It says the gross domestic product of OPEC members could fall between 27 percent and 44 percent in 40 years as nations enact laws to counter climate change.Asked about the report, first published by the Italian financial daily Il Sole 24 Ore, Saudi prince Abdulaziz Bin Salman Bin Abdulaziz Al Saud, who chaired the group that drew up the strategy, confirmed that the forecast losses were within that vicinity.OPEC's 12 oil ministers were not expected to make any changes in production levels even before the closed meeting began. The ministers, said Saudi oil minister Ali Naimi, are are happy with the market the way it is.Naimi also said the meeting had agreed that Iran will hold the rotating OPEC presidency next year, with Iranian oil minister Masoud Mir-Kazemi taking over from his Ecuadorian counterpart on Jan. 1.The decision is sure to rattle Western nations at odds with Tehran over its refusal to stop activities that could produce both nuclear fuel and atomic arms. Still, it is unlikely to change policies of OPEC, which is dominated by Saudi Arabia, the group's biggest producer and a U.S. ally.

Thursday's agreement extended the overall output target of the 11 OPEC countries under quotas of just under 25 million barrels of crude a day — a figure set in December 2008.Back then, OPEC announced the last of a series of cuts aimed at bringing its output down by 4.2 million barrels per day — a move that helped engineer a rebound in crude prices, which had collapsed to the low $30s from a mid-2008 high of almost $150 per barrel.But OPEC nations overproduce, meaning that those 11 nations actually put out about 27 million barrels a day — about 2 million over the target they agreed to maintain Thursday. And with the inclusion of Iraq, which is not bound by quotas as it rebuilds, total daily output is around 29 million barrels.OPEC Secretary General Abdalla El-Badri acknowledged that quota compliance — now at an average of 61 percent — was a problem, telling reporters: We still need to work hard to improve that compliance.But he suggested that — as long as overproduction was not denting prices — there was no need to push nations selling more than their allocated quote to curb their output.I think that what we are doing at this time is perfect, he said.Jason Schenker, the head of Austin, Texas-based Prestige Economics, said the decision would do little to change oil market patterns.

It's not going to have much of an impact right now, and I don't think a significant increase in compliance is likely, he said.Ministers in the Organization of the Petroleum Exporting Countries, which produces about 40 percent of the world's crude, already suggested ahead of Thursday's meeting that they were comfortable with current prices, which have hovered around $75-$85 per barrel in recent months.Of course we would always like to see it higher, Iraqi oil minister Hussain al-Shahristani said Thursday. But not too high — that ... will hinder the world's economic growth.While they are content with present prices, OPEC members are concerned about the weak dollar because they sell for dollars and lose every time the U.S. currency falls. Crude's price, however, has been driven upward in recent days by investors fleeing the dollar into commodities, including oil. The higher cost roughly balances the currency's weakness, thereby weakening any rationale to drive prices higher by reducing production.Benchmark crude was trading about $83 a barrel Thursday, pushed higher in part by the U.S. dollar's slide.The price at this time if things stay the same is comfortable for us, said El-Badri, the OPEC secretary general.Schenker predicted that OPEC could soon ask more for its crude, saying the weaker dollar is going to send prices higher.

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/?tabid=15839796&tabheader=false

HALF HOUR DOW RESULTS THU OCT 14,2010

09:30 AM -3.25
10:00 AM -17.02
10:30 AM -0.37
11:00 AM +8.18
11:30 AM -4.31
12:00 PM -24.78
12:30 PM -41.58
01:00 PM -24.03
01:30 PM -50.67
02:00 PM -27.66
02:30 PM -48.47
03:00 PM -70.19
03:30 PM -45.44
04:00 PM -1.51 11,094.57

S&P 500 1173.81 -4.29

NASDAQ 2435.38 -5.85

GOLD 1,380.30 +9.80

OIL 82.64 -0.37

TSE 300 12,619.70 -53.60

CDNX 1822.03 -6.71

S&P/TSX/60 728.65 -3.38

MORNING,NEWS,STATS

YEAR TO DATE PERFORMANCE
Dow -7 points at 4 minutes of trading today.
Dow -33 points at low today.
Dow +16 points at high today so far.
GOLD opens at $1,376.10.OIL opens at $83.40 today.

AFTERNOON,NEWS,STATS
Dow -73 points at low today so far.
Dow +16 points at high today so far.

WRAPUP,NEWS,STATS
Dow -73 points at low today.
Dow +16 points at high today.

CRUDE OIL -400,000 BARRELS
GASOLINE -1.77 MILLION BARRELS
DISTILLATE -1.77 MILLION BARRELS

GOLD ALLTIME HIGH $1,381.10 (NOT AT CLOSE)

RON PAULS TEA PARTY SPEECH-GOOD STUFF
http://www.youtube.com/watch?v=vJEbFI03BNA&feature=player_embedded
DESIGNED IMPLOSION AND COLLAPSE
http://www.youtube.com/watch?v=lMUXvmPbuDE&feature=player_embedded
http://www.youtube.com/watch?v=8d6RQdIKgaM&feature=player_embedded
http://www.youtube.com/watch?v=17CZXjuNZZw&feature=player_embedded
http://www.youtube.com/watch?v=J0E8tIMUUiw&feature=player_embedded

SUPPORT ALTERNATIVE MEDIA
http://www.infowars.com/were-under-attack-support-alternative-media-in-the-infowar/
http://www.youtube.com/watch?v=FayPZmsj56I&feature=player_embedded
WATCH JONES LIVE FOR 25 HOURS STRAIGHT STARTING TODAY AT 12PM EASTERN FOR THE MONEY BOMB 25 HR SHOW.LIVE GUESTS,CLPS ETC.
http://www.infowars.com/watch-the-moneybomb-video-feed-free/
http://www.infowars.com/

http://www.infowars.com/new-911-footage-reveals-wtc-7-explosions/
New 9/11 Footage Reveals WTC 7 Explosions
Paul Joseph Watson Infowars.com October 13, 2010

Newly obtained 9/11 eyewitness footage that NIST fought tooth and nail to keep secret contains what appears to be the sound of explosions coming from the vicinity of WTC 7 after the collapse of the twin towers, offering yet more startling evidence that the building, which was not hit by a plane yet collapsed demolition style, was deliberately imploded.The clip was released by NIST (National Institute of Standards and Technology) as part of a 3 terabyte package of video and photo data in response to a lawsuit brought by the International Center for 9/11 Studies. As we highlighted in our previous report, almost every single video studied as part of the release thus far contains damning evidence of controlled demolition on both the twin towers and WTC 7.The fact that NIST dragged their feet for so long in an attempt to block the release of these highly incriminating videos clearly indicates that they were part of an attempted cover-up. In addition, the fact that some of the videos appear to have been edited in an effort to hide evidence of controlled demolition is another smoking gun.The latest video is from eyewitness Richard Peskin, who filmed ground zero from a high rise building that appears to be about a dozen blocks down the street from Building 7. The first portion of the footage is filmed immediately after the collapse of the second tower of the World Trade Center. At about 10 seconds into the clip, two clear explosions can be heard.The clip then cuts to a later time and the cameraman states, …explosion or something because there’s a lot of police activity and sirens and more smoke rising from the ground – new smoke – so there was some kind of additional explosion but I don’t know what it was….maybe it was a federal building or something like that,as the camera pans across a shot of WTC 7.
http://www.youtube.com/watch?v=u2lp4d1GjzE&feature=player_embedded

At around 11am – around half an hour after the collapse of the north tower of the World Trade Center and an hour after the collapse of the south tower, Peskin states, I still hear continuing explosions, I don’t know what it is, as small explosions can be heard in the background.At 1:49 in the clip, a louder rumbling explosion can clearly be heard coming from the direction of WTC 7 – That’s another explosion, says Peskin.The clip was contained in the NIST folder named Richard Peskin and is a combination of footage from the files Peskin 25.avi, Peskin 28.avi, Peskin 29.avi, and Peskin 30.avi.The fact that NIST tried to sit on the footage for months even after a FOIA request and that it took a lawsuit filed by the International Center for 9/11 Studies to obtain the clip clearly indicates that the organization wanted to keep the sound of explosions coming from the vicinity of WTC 7 out of the public record. The footage is filmed from a significant distance away from the scene and shows no detail of anything that could be considered sensitive. The only remarkable thing about the video is the fact that it contains the sound of secondary explosions, something NIST has continually denied was a contributory factor to the collapse of either the twin towers or WTC 7.In another clip released as part of the same lawsuit, a loud, low-frequency boom can be heard just before the east penthouse of WTC 7 falls. Once the support columns that held up the penthouse are taken out, the rest of the building falls almost within its own footprint.
http://www.youtube.com/watch?v=XrnmbUDeHus&feature=player_embedded

However, in subsequent clips released by NIST, where the camera is located nearer to the building, the collapse of the penthouse is clearly edited out of the footage.
Several clips from the Cumulus database show signs of editing. In the two video clips below, the collapse of the penthouse of World Trade Center 7 is cut out of the video. These videos happen to have been filmed from close to WTC 7, and have a high quality soundtrack that would have picked up explosion sounds from the charges that severed the columns supporting the penthouse, especially the explosion heard in the last video clip presented, comments the International Center for 9/11 Studies.
http://www.youtube.com/watch?v=XH_Lv_sevwY&feature=player_embedded
http://www.youtube.com/watch?v=VyhMTOdRnRo&feature=player_embedded

In another clip, the entire collapse of the building is edited out, the audio is removed and only restored after the building has fully collapsed.
http://www.youtube.com/watch?v=XT3ea4AC2K8&feature=player_embedded

Why is NIST trying to deliberately cover-up evidence of explosions preceding the collapse of WTC 7? The 9/11 Commission completely ignored the hundreds of survivors, professionals, first responders, firefighters and police who reported numerous secondary explosions at all levels of the twin towers and WTC 7.NIST’s final report on WTC 7 concluded that the never before observed new phenomenon of thermal expansion” was to blame for the destruction of the building, a completely ludicrous conclusion in a report that completely ignored eyewitness testimony and hard evidence that indicated deliberate demolition of the structure.As we documented for several years, the collapse of WTC 7 is the smoking gun confirming that the official story behind 9/11 is bogus. The collapse of Building 7 was reported before it happened by several news stations, including BBC and CNN. If the collapse of WTC 7 came as a result of a new phenomenon and an extraordinary event that had never happened before in the history of building collapses, then why did news stations and ground zero workers know it was about to happen an hour or more in advance?Explosions in Building 7 were also reported by eyewitnesses inside the building, including Barry Jennings, who described a big explosion that blew him back to the 8th floor.http://www.youtube.com/watch?v=5LO5V2CJpzI&feature=player_embedded

Former NYPD officer Craig Bartmer was in the immediate vicinity of Building 7 before its collapse at approximately 5:20pm.I walked around it (Building 7). I saw a hole. I didn’t see a hole bad enough to knock a building down, though, said Bartmer. Yeah there was definitely fire in the building, but I didn’t hear any… I didn’t hear any creaking, or… I didn’t hear any indication that it was going to come down. And all of a sudden the radios exploded and everyone started screaming get away, get away, get away from it!… It was at that moment… I looked up, and it was nothing I would ever imagine seeing in my life. The thing started pealing in on itself… Somebody grabbed my shoulder and I started running, and the shit’s hitting the ground behind me, and the whole time you’re hearing boom, boom, boom, boom, boom. I think I know an explosion when I hear it… Yeah it had some damage to it, but nothing like what they’re saying… Nothing to account for what we saw… I am shocked at the story we’ve heard about it to be quite honest.Other EMTs and first responders were also told that Building 7 was to be deliberately demolished, including Emergency Medical Technician Indira Singh - another whistleblower.After midday on 9/11 we had to evacuate that because they told us Building 7 was coming down. If you had been there, not being able to see very much just flames everywhere and smoke – it is entirely possible – I do believe that they brought Building 7 down because I heard that they were going to bring it down because it was unstable because of the collateral damage, said Singh.Asked who told her that the building was to be brought down, Singh responded, The fire department. And they did use the words we’re gonna have to bring it down and for us there observing the nature of the devastation it made total sense to us that this was indeed a possibility, given the subsequent controversy over it I don’t know.Another EMT named Mike who wished to remain anonymous wrote in a letter to the Loose Change film crew that emergency responders were told Building 7 was about to be pulled and that a 20 second radio countdown preceded its collapse.There were bright flashes up and down the sides of Building 7, you could see them through the windows…and it collapsed. We all knew it was intentionally pulled… they told us,he stated.Following news reports in the days after the attack that Building 7 had collapsed due to fire damage, Mike fully expected this mistake to be corrected after the chaos had subsided, but was astonished when it became part of the official story.Mike’s report of a countdown preceding the collapse of WTC 7 was backed up by Former Air Force Special Operations for Search and Rescue, Kevin McPadden, who said that he heard the last few seconds of the countdown on a nearby police radio.In addition, the language used by firefighters and others at ground zero shortly before the building fell strongly indicates that the building was deliberately demolished with explosives, and not that it fell unaided.
http://www.youtube.com/watch?v=CwjmqkjwnvQ&feature=player_embedded

It’s blowin boy. … Keep your eye on that building, it’ll be coming down soon. … The building is about to blow up, move it back. … Here we are walking back. There’s a building, about to blow up…The fact that WTC complex leaseholder Larry Silverstein was considering blowing up Building 7 is now admitted. Washington D.C. prosecutor Jeffrey Scott Shapiro, who was at ground zero on 9/11 working as a journalist, reported earlier this year that Silverstein was on the phone to his insurance carrier attempting to convince them that the building should be brought down via controlled demolition.Writing for Fox News, Jeffrey Scott Shapiro states, I was working as a journalist for Gannett News at Ground Zero that day, and I remember very clearly what I saw and heard.Shortly before the building collapsed, several NYPD officers and Con-Edison workers told me that Larry Silverstein, the property developer of One World Financial Center was on the phone with his insurance carrier to see if they would authorize the controlled demolition of the building – since its foundation was already unstable and expected to fall.In February of 2002 Silverstein Properties won $861 million from Industrial Risk Insurers to rebuild on the site of WTC 7. Silverstein Properties’ estimated investment in WTC 7 was $386 million. This building’s collapse alone resulted in a payout of nearly $500 million, based on the contention that it was an unforeseen accidental event.A controlled demolition would have minimized the damage caused by the building’s imminent collapse and potentially save lives. Many law enforcement personnel, firefighters and other journalists were aware of this possible option. There was no secret. There was no conspiracy, writes Shapiro.However, obviously aware of how it would impact his insurance claim, Larry Silverstein has consistently denied that there was ever a plan to intentionally demolish Building 7.In June 2005, Silverstein told New York Post journalist Sam Smith that his infamous pull it comment, which has been cited as proof that Silverstein planned to take down the building with explosives, meant something else.

In January 2006, Silverstein’s spokesperson Dara McQuillan told the U.S. State Department that the pull it comment meant to withdraw firefighters from the building (despite the fact that there were no firefighters inside WTC 7). There was no mention whatsoever of any plan to demolish the building before it fell.

Shapiro’s faux pas unwittingly let the cat out of the bag on the fact that Silverstein was aggressively pushing for the building to be intentionally demolished, a claim that he has always vociferously denied, presumably to safeguard against putting in doubt the massive insurance payout he received on the basis that the collapse was accidental.How much more evidence do we need to conclude that Building 7 – which was not hit by a plane and suffered limited fires across just a handful of floors – could not have simply crumbled into its own footprint within seven seconds without the aid of additional explosives? Of course, if authorities were ever forced to admit that WTC 7 was deliberately demolished it would then tarnish the credibility of the entire 9/11 official story, which is why NIST has engaged in an obvious cover-up to firstly withhold and then edit some of the footage in an attempt to hide the self-evident fact that Building 7 was a controlled demolition.

Paul Joseph Watson is the editor and writer for Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a fill-in host for The Alex Jones Show. Watson has been interviewed by many publications and radio shows, including Vanity Fair and Coast to Coast AM, America’s most listened to late night talk show.

EU to define positions ahead of Nagoya and Cancun
ANDREW WILLIS 13.10.2010 @ 17:59 CET

EUOBSERVER / BRUSSELS - European Union environment ministers meeting in Luxembourg on Thursday (14 October) are set to agree the bloc's main negotiating positions ahead of two key international conferences on biodiversity and climate change in the coming weeks. MEPs last week urged the EU to play a leading role at the UN conference on biodiversity - due to start in Nagoya, Japan in a few days time - voicing their concern at an apparent lack of urgency among nations to protect habitats and species, estimated to be disappearing at up to 1000 times the normal rate. But the issue is gradually climbing up the political agenda. One study entitled the 'Economics of Ecosystems and Biodiversity' has estimated that the annual cost caused by the loss of ecosystem services - such as the provision of fresh water and control of disease - is roughly €50 billion. In comparison, OECD countries donated roughly €3 billion in 2008 towards projects to protect biodiversity. Officials preparing the environment ministers' meeting said the EU had three broad goals for the two-week gathering in Japan (18-29 October) - cumbersomely known as the Convention on Biological Diversity's (CBD) 10th Conference of the Parties (COP 10).

These include the definition of a new strategic plan to protect the world's biodiversity after earlier targets to significantly reduce the rate of biodiversity loss by 2010 were missed. A current draft of the strategy contains 20 new targets for 2020, such as halving the loss and degradation of forests and other natural habitats, and ensuring that agriculture and aquaculture are sustainably managed.The EU is among those also keen to agree a protocol on access to genetic resources and benefit-sharing at Nagoya, facilitating the future development of pharmaceuticals from certain plant species, for example. Today most of the reserves of biodiversity are in developing countries,said one official in Brussels working on the EU position. We want to ensure that everyone has access to these, but also that developing states are compensated.The issue threatens to be one of the friction points at the Japanese meeting, with poorer countries worried that the language of the legally-binding deal currently on the table is not strong enough to guarantee them financial compensation.Another tough topic is the question of funding for poorer states to help them prevent biodiversity loss, with a lack of money for conservation projects identified by the CBD as a key reason why governments have failed to meet their 2010 targets.The issue frequently plays second fiddle to climate change funding, with cash-strapped European government's reluctant to hand over more under the current economic environment. At a UN conference in New York recently, European Commission President Jose Manuel Barroso said EU funding to help fight climate change could also be used to prevent biodiversity loss. But centre-left MEP Jo Leinen, chair of the European Parliament's environment committee, warned against the dangers of this method of Thursday.Recycling of funds is of no use to developing countries, he said.

Climate change

Environment ministers are also set to discuss the possibility of moving beyond the EU's current pledge to cut greenhouse gas emissions by 20 percent on 1990 levels over the next decade and agree a negotiating position for the upcoming UN climate talks in Cancun, Mexico. The final position will be rubber stamped by EU leaders meeting for a summit later this month, with the EU now adopting what climate action commissioner Conny Hedegaard describes as a 'step-wise' approach to securing a global deal on curbing carbon emissions after being sidelined by the US and China at a conference in Copenhagen last December.With the likelihood of securing a single legally-binding deal looking distinctly slim, the EU environment ministers are also set to discuss whether the EU should sign up to a second commitment period under the current global agreement on CO2 emissions - the Kyoto Protocol - due to expire in 2012. As ratified signatories to the protocol, Europe and other developed powers are bound to a second commitment period, but in the last two years, they have tried to wriggle out of the undertaking.

MEPs to oversee details of Ashton spending
ANDREW RETTMAN 13.10.2010 @ 09:30 CET

EUOBSERVER / BRUSSELS - The European Parliament has won the right to look into the nitty gritty of spending in foreign delegations in the EU's new diplomatic service amid mild alarm over rising costs.The provisional agreement was put together at an informal meeting between MEPs, EU officials and member states on Monday (11 October) and represents an easing of tensions between the assembly and Catherine Ashton's office after a dispute over diplomatic appointments last week.The financial regulations deal means that ambassadors in Ms Ashton's European External Action Service (EEAS) will in future give parliament a detailed picture of all staff in place in the delegations" covering all pay-grades and locally-hired agents. Ambassadors will also provide annexes on effectiveness of internal management and control systems put in place in their delegation.The ambassadors will take personal responsibility for making sure that European Commission funds channeled through their offices are spent correctly. The commission's internal auditing department will also audit EEAS funds and commission panels will be empowered to call on Ms Ashton to take disciplinary action against EU diplomats who misspend funds. MEPs had on top of this asked for oversight of Ms Ashton's future part in spending the European Development Fund (EDF), a €3-billion-a-year aid pot paid into by member states. But the proposal was kicked forward as a possibility for the 2014 to 2020 budget period only.An EU parliament official told EUobserver that the house aims to make sure the number of highly-paid staff in Ms Ashton's service does not quietly balloon in the coming years. We want to know how many people each delegation employs at which grade, so that we can say: Hold on, why do you suddenly need these new AD12 posts here? the contact said. Ms Ashton in September put the cat among the pigeons when she announced plans to hire 118 extra staff for the EEAS, 43 of whom are to be at the AD12 or higher grade earning at least €10,000 a month.

Her proposal envisages spending an extra €34.4 million a year on the EEAS compared to the existing cost of the EU foreign policy machine situated in the commission and the EU Council.The proposal noted that the EEAS will in 2011 consist of 3,720 people - 1,643 fully-fledged staff and 2,077 seconded diplomats from member states and locally-hired helpers. Precisely €3.27 million of the additional spending will cover security measures for the EEAS' new headquarters in Brussels, namely heavy technological platforms, secure meeting facilities and secure communications rooms.
Relations between Ms Ashton and MEPs turned sour last week when she cancelled a public hearing in the foreign affairs committee by her new envoy to Japan. The budgets committee later froze the funds needed for 18 new EEAS posts and the legal affairs committee put off a vote on introducing a quota-type system for EEAS staff from new member states.A parliamentary source said Ms Ashton and the foreign affairs committee are working on a compromise that parts of EEAS ambassador hearings will be in public and part in private.The parliament is due to formalise its position on EEAS budget and staff rules at its plenary session in Starsbourg next week.

Oettinger backtracks on oil drilling ban
ANDREW WILLIS 13.10.2010 @ 09:23 CET

EUOBSERVER / BRUSSELS - The European Commission appears to have backtracked on earlier plans for a compulsory moratorium on deepwater oil drilling inside the EU, with new proposals set to call for a voluntary ban at member state discretion.The executive's energy commissioner, Guenther Oettinger, is scheduled to announce the review of Europe's drilling activities on Wednesday (13 October), calling on national governments to voluntarily suspend drilling in very deep waters and environmentally sensitive areas like the Arctic.A more forceful draft circulating last week simply called on member states to implement the ban however, attracting the ire of British MEPs who feared such a move would cost jobs. The EU's biggest oil reserves are found in the North Sea off Scotland, with MEPs from the region instrumental in watering down a parliamentary declaration last week that ultimately opposed a compulsory ban, while at the same calling for tighter security restrictions in the sector.That warning appears to have been taken on-board, with Wednesday's final draft set to give member states the means, under EU law, to impose a ban if they choose, according to Reuters.Green MEPs welcomed the proposals to strengthen EU rules but were disappointed by the commission's softened stance on a drilling ban, arguing that Europe is not prepared to deal with a spill on the scale of the Deepwater Horizon accident in the Gulf of Mexico earlier this year.The only responsible course of action is to freeze dangerous deep sea drilling activities and we regret that the commission has backtracked on proposals in earlier drafts, said Belgian Green MEP Bart Staes.

As well as the voluntary ban, Mr Oettinger is expected to call for an overhaul of the EU's licensing and the liability regimes to make sure that oil companies have the necessary financial means to pay for the cleanup after a potential spill in the future.A formal legislative proposal in this area - such as a review of the EU's directive on environmental liability - may follow early next year, but will need the support of the European Parliament and all 27 member states.Energy experts have meanwhile warned that any delay in future drilling projects could push up the price of oil.Speaking at an oil conference in London on Tuesday, Nobuo Tanaka, the head of the International Energy Agency, said about one third of global oil production comes from offshore projects, with this figure set to rise to roughly one half by 2015.On the same day, Washington announced the end of its moratorium on deepwater oil drilling after imposing new rules intended to prevent a similar disaster to the Deepwater Horizon accident happening again.Eleven workers died and roughly 200 million gallons of oil flowed into the Gulf after the BP-leased oil rig exploded in April, causing huge environmental damage in the area.

IRANS MOUTHPIECE AT IT AGAIN
http://www.israelnationalnews.com/News/News.aspx/140069

Buffett Wants to Invest Even More in Israel
by Elad Benari OCT 14,10

American investor Warren Buffett, one of the world’s wealthiest people, says he would like to invest more in Israel.We are always interested in more investments in Israel. We will be happy to acquire a large and independent company in Israel, or some small companies - what I call mergers into the existing framework and I think we will do both, said Buffett said in a video interview screened on Tuesday at the Ministry of Trade, Industry and Labor social economic conference at Airport City.

More than four years ago, Buffett’s company Berkshire Hathaway Inc. acquired 80% of Israeli company Iscar Ltd. for $4 billion. Iscar Metalworking Companies (IMC) is an industry leader in the metal cutting tools business, owned by Stef Wertheimer family with operations worldwide. Buffett later said that purchasing Iscar was a dream investment.Now, Buffett is enthusiastic about possibly investing more in Israel. Our company CTB, which deals in agricultural equipment, bought two small companies in Israel that succeeded well and we have a company TTI that I think did a small acquisition in Israel, he said. I loved the place. I spent some days there three years ago and enjoyed it very much, I managed to see almost all the country and I received a wonderful welcome from everyone.He added that he believes that Israel has a sustainable advantage in the global competitive market place. If you are looking for brains - stop in Israel, there is no need to go further. If you go to the Middle East to look for oil then skip Israel. In my opinion, Israel as a state has proven that it has an exceptional amount of brains and energy and in my eyes it works.

Buffett believes that a country’s success is dependent on government and business working together in cooperation. Sometimes this may be a strange partnership, but [government and business] are part of the same family. That does not mean that the two brothers always get on well with each other. But they have a common goal. No state will succeed if it does not cultivate a climate in which businesses thrive, and businesses will not flourish in a country where the government is not stable, progressive and has a vision.I see the same situation in the U.S. as in Israel, added Buffett. I think it is important that businesses and governments to understand each other. They will disagree, but ultimately the government will not prosper without business, and businesses will not thrive if the government is not adequate... I do not know the internal situation in Israel, but I do not think [Israel] would not have gotten to where it is today if there had been disputes between government and business.Referring to his investment in Iscar, Buffett stressed that he is more than satisfied with it. If you have more companies like Iscar, call me.Meanwhile, the Tel Aviv Stock Exchange (TASE) rose on Wednesday. The Tel Aviv 25 Index rose 1.4% to 1,255.52 points, the Tel Aviv 100 Index rose 1.4% to 1,157.64 points, and the Tel-Tech Index rose 0.95% to 230.05 points. The Tel Aviv 25 Index closed at a new record high. Reuters reported on Wednesday that Israel's economy is forecast to grow at least 4 percent in 2010 and at a similar pace in 2011.
(IsraelNationalNews.com)

Helen Thomas Blames Israel in New Interview
by Maayana Miskin OCT 13,10

Veteran journalist Helen Thomas, 90, gave an interview that aired Wednesday, her first since resigning in June due to backlash over her statement that Jews should get the hell out of Palestine. Thomas stood by her remarks, and accused them – apparently a reference to Israelis – of distorting her remarks.Thomas defended the statements she made in June, which included a demand that Israeli Jews go home to Poland, Germany and America.The statements were exactly what I thought, she told radio interviewer Scott Spears. She added, I hit the third rail. You cannot criticize Israel in this country and survive.She accused them – an apparent reference to Israel – of putting her remarks in a bad light. They distorted my remarks, which they obviously have to do for their own propaganda purposes, otherwise people might wonder why they continue to take Palestinian land,she said.

Thomas said Baloney,to the suggestion that she may be anti-Semitic, and expressed hope that she will be remembered for integrity, honesty, and my belief in good journalism.She also criticized senior figures in United States politics, calling U.S. Secretary of State Hillary Clinton a hawk, and saying, I thought women in politics would have more compassion, be more liberal. She described the possibility that former Alaska Governor Sarah Palin will run for president as a national tragedy.
Thomas made headlines in June for her statements that Jews do not belong in the Land of Israel. The statements were made in an impromptu interview with Rabbi David Nessenoff.At the time Thomas, a veteran White House correspondent and then-reporter for Hearst newspapers, expressed regret for her remarks. I deeply regret my comments... They do not reflect my heartfelt belief that peace will come to the Middle East only when all parties recognize the need for mutual respect and tolerance, she said.While Thomas' remarks were widely condemned, she later received a lifetime achievement award from the Council on American-Islamic Relations (CAIR).
(IsraelNationalNews.com)

US Grants $1M to Abraham Fund Co-Existence Project
by Chana Ya'ar OCT 13,10

The U.S. federal government has granted nearly a million dollars to the Abraham Fund to support a three-year Arab-Israeli co-existence project.The initiative, announced Tuesday, will be funded through the State Department’s U.S. Agency for International Development (USAID) conflict mitigation and reconciliation program.The Abraham Fund, founded in 1989, is a multi-million dollar foundation focused on promoting co-existence between Israel’s Jewish and Arab populations.Approximately 1,600 Arab and Jewish students are expected to participate in the activities under the organization’s Language as a Cultural Bridge Initiative, which begins at the elementary school level. At present, more than 15,000 students in 220 schools across the country learn Arabic as a required subject. Under the program, Israel’s public schools would mandate the teaching of Arabic culture and language, just as Arab students are currently required to learn Hebrew as part of their own public school curriculum.In addition, the program will sponsor cultural events throughout the year that bring together Jewish and Arab Israeli children. Arab students will attend Hebrew-language enrichment classes and participate in Jewish cultural seminars, and Jewish students will do the same, learning conversational Arabic and attending Arabic cultural activities.According to the Abraham Fund’s website, the seeds of the program were actually launched more than five years ago by the Ministry of Education in the cities of Haifa and Karmiel.In 2004, the organization conducted a comprehensive mapping of Arabic language instruction in Jewish schools and subsequently developed a special curriculum to combine the instruction of conversational Arabic language together with Arabic culture. The current, U.S.-funded program is based on that initiative.(IsraelNationalNews.com)