FRANCE-FAILURE OF EURO WOULD BE DISASTER

BANKERS CRY FOUL AS THEY ROB THE WORLD OF TRILLIONS OR QUADRILLIONS.

Davos WEF 2011: Top bankers urge an end to bank bashing-Senior bankers have hit out at the raft of new regulation currently being imposed on the finance industry, warning that it may ultimately do more harm than good.Mr Dimon insisted that numerous banks acted as stabilising influences during the crisis. Photo: Bloomberg NewsBy Damian Reece, Head of Business in Davos and Harry Wilson in London 2:02PM GMT 27 Jan 2011The Telegraph

Banks On Wednesday leading executives at Standard Chartered and Goldman Sachs attacked the level of regulation being imposed on banks and blamed it for reducing lending. Jamie Dimon, chief executive of JP Morgan, this morning became the latest senior banker to lash out at critics of the financial system as he said it was time to stop denigrating banks. Mr Dimon's comments added to the backlash by leading bankers attending the World Economic Forum in Davos against influential voices in politics and the media who have continued to attack banks for their part in the financial crisis.On Wednesday leading executives at Standard Chartered and Goldman Sachs attacked the level of regulation being imposed on banks and blamed it for reducing lending.Peter Sands, chief executive of Standard Chartered, yesterday warned of the dangers of over-regulation and said that wildly complicated and irrelevant rules could hit economic growth and endanger the economic recovery.

Mr Dimon in his speech insisted that many banks acted as stabilising influences during the crisis. We bought Bear Stearns because the government asked us to, said Mr Dimon to a packed session in Davos. He went on to attack irresponsible and ignorant media insisting that not all banks are the same just as there were some in the media who were reporting the crisis responsibly. Mr Dimon, who has won plaudits for the way he has led JP Morgan through the past few years, also rejected claims that his bank had tried to block reform of the banking sector, echoing the concerns of other banking leaders at Davos concerning poor regulation. We fought the parts of reform that we thought were irrational.He also spoke out against claims that banks, and other businesses, were being short termist. We could have dramatically pulled back our exposure in Europe. That's not what our board said. JP Morgan recently announced a heavy investment in London, taking over the former Lehman Brothers building in Canary Wharf.The more confrontational stance being taken by banks was reflected in submissions to the UK's Independent Commission on Banking. Lloyds Banking Group stated in its evidence that new regulation may make matters worse rather than better, while Barclays argued that banks should be free to pursue whatever business model they wanted to.Later today senior bankers at the forum have been called to a meeting with Tim Geithner, US Treasury chief secretary.

World needs $100 trillion more credit, says World Economic Forum (BANKERS)The Telegraph

The world's expected economic growth will have to be supported by an extra $100 trillion (£63 trillion) in credit over the next decade, according to the World Economic Forum.The global credit stock has already doubled in recent years, from $57 trillion to $109 trillion between 2000 and 2009 Photo: AlamyBy Emma Rowley 8:49PM GMT 18 Jan 2011

This doubling of existing credit levels could be achieved without increasing the risk of a major crisis, said the report from the WEF ahead of its high-profile annual meeting in Davos.But researchers warned that leaders must be wary of new credit hotspots, where too much lending takes place, as the world emerges from a financial catastrophe blamed in large part to the failure of the financial system to detect and constrain these areas of unsustainable debt.Pockets of credit grew rapidly to excess – and brought the entire financial system to the brink of collapse, said the report, written in conjunction with consulting firm McKinsey. Yet, credit is the lifeblood of the economy, and much more of it will be needed to sustain the recovery and enable the developing world to achieve its growth potential.
The global credit stock has already doubled in recent years, from $57 trillion to $109 trillion between 2000 and 2009, according to the report.The WEF said the continued demand for credit could be met responsibly, sustainably – and with fewer crises. However, it cautioned that to achieve this goal, financial institutions, regulators, and policy makers need more robust indicators of unsustainable lending, risk, and credit shortages.

Davos WEF 2011: Sarkozy says France and Germany will never let the euro fail
France and Germany will never turn their backs on the euro, French President Nicolas Sarkozy has said in his most robust defence of the troubled single currency to date.
President Sarkozy?s intervention comes with the single currency under greater strain than at any time in its short history.By Philip Aldrick, Economics Editor, in Davos 1:11PM GMT 27 Jan 2011The Telegraph

Addressing the World Economic Forum in Davos, he told speculators to be prepared for big losses if they bet against the euro. [Germany’s] Chancellor Merkel and myself will never – do you hear me, never – let the euro fall, he said.The euro is Europe. And Europe spells 60 years of peace. Therefore we will never let the euro go or be destroyed… To those who bet against the euro, watch out for your money because we are fully determined to defend the euro.President Sarkozy’s intervention comes with the single currency under greater strain than at any time in its short history. Davos has been abuzz with talk of a two-speed Europe, with billionaire investor George Soros warning that the euro could possibly fall apart under the strain.

Greece and Ireland are implementing painful pay cuts and other deflationary measures because they can not devalue, while Germany powers ahead. Ken Rogoff, the Harvard economist, has suggested Greece should be allowed to fail in an orderly fashion because its debts are insurmountable.However, President Sarkozy said: To imagine that we might pull out shows a complete misunderstanding of the European psychology. It has to do with our identities as Europeans.

His comments were echoed by European Central Bank President Jean-Claude Trichet, also at Davos, who said: We have a problem of some signatures, not of signatures of the euro area as a whole.In Mr Sarkozy’s remarks to the conference, he also called for a new international monetary system to replace the Bretton Woods agreement in 1944. Who could say the world today is anything like the world we had [then], he said. He demanded a greater role in world affairs for China. Special Drawing Rights [the IMF’s international reserve currency] were created 42 years ago. SDRs are backed by a basket of currencies. Is the Chinese currency there? Of course not. Is that right? In comments that may aggravate his US counterparts, Mr Sarkozy added that China should not be castigated for building up a strong export market. How could we possibly criticise a country for wanting to export, as that’s what we all want to do,he said.However, he stressed that global imbalances – both trade and budget - need to be addressed urgently. Financial imbalances will one day bring down the whole pack of cards unless we deal with them very swiftly.Mr Sarkozy, who holds the chair for the G20, also called for curbs on commodity speculators, saying: Regulation. Not an excess ... but regulation. We should put in that transparency. Let those who buy big quantities of commodities commit to putting on deposit part of the financing for those commodities.

Sarkozy: Failure of euro would be cataclysmic
LEIGH PHILLIPS 27.01.2011 @ 17:42 CET

EUOBSERVER / BRUSSELS - French President Nicolas Sarkozy has come out swinging in defence of Europe's single currency, saying France and Germany will never let the euro fail.In a keynote speech to some of the most powerful businessmen and politicians on the planet at the World Economic Forum in Davos, Switzerland, on Thursday (27 January), Mr Sarkozy attempted to kill off suggestions that the euro could splinter.The euro is Europe. And Europe spells 60 years of peace. Therefore we will never let the euro go or be destroyed, he said, according to reports from the Swiss resort town.To those who bet against the euro, watch out for your money because we are fully determined to defend the euro.Ms Merkel and I will never - do you hear me? - never let the euro fall.Such an event would be cataclysmic, he said.

The consequences of a failure of the euro would be so cataclysmic that we could not possibly entertain the idea. We couldn't even play with the idea of entertaining the idea.To imagine that we might pull out, that we might abandon the euro, is to show a complete misunderstanding of the state of mind of Europeans who have been at each others' throats for decades and who have only one thing in mind – peace and co-operation, he went on.He added that Europe's identity is inseparable from the single currency.To imagine that we might pull out shows a complete misunderstanding of the European psychology. It has to do with our identities as Europeans.He also took a swipe at commodity speculators, a growing theme of his tenure this year as chairman of the G20 and G8. The president has said repeatedly in the last few weeks that he holds investors responsible for the rise in food and energy prices that have aggravated riots in some developing nations.He criticised the derivatives market for the role he believes it played in the economic crisis.They played a pass the parcel game which was, of course, very profitable because everyone you passed the parcel to made money – until finally there was no one to pass it to, he said.

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 FRI JAN 28,2011

09:30 AM +2.25
10:00 AM +3.48
10:30 AM -44.88
11:00 AM -76.55
11:30 AM -81.81
12:00 PM -138.12
12:30 PM -151.76
01:00 PM -156.67
01:30 PM -168.72
02:00 PM -137.37
02:30 PM -149.70
03:00 PM -159.35
03:30 PM -183.63
04:00 PM -166.13 11,823.70

S&P 500 1276.34 -23.20

NASDAQ 2686.59 -68.39

GOLD 1,340.00 +21.60

OIL 89.17 +3.53

TSE 300 13,437.60 +27.40

CDNX 2266.32 +34.35

S&P/TSX/60 770.50 +0.88

MORNING,NEWS,STATS

YEAR TO DATE PERFORMANCE
Dow +7 points at 4 minutes of trading today.
Dow -153 points at low today.
Dow +22 points at high today so far.
GOLD opens at $1,312.90.OIL opens at $86.20 today.

AFTERNOON,NEWS,STATS
Dow -183 points at low today so far.
Dow +22 points at high today so far.

WRAPUP,NEWS,STATS
Dow -183 points at low today.
Dow +22 points at high today.

GOLD ALLTIME HIGH $1,427.40 (NOT AT CLOSE)

ANALYSTS ON CNBC AS WELL AS LINDSAY WILLIAMS ARE SAYING IF THE SUEZ CANAL IS CLOSED WE WILL HAVE $120-$125.00 A BARREL OIL.JUST LIKE FROMM LINDSAY WILLIAMS NWO BUDDY TOLD HIM WOULD HAPPEN AFTER THE NWO CAUSES A TROUBLEOUS TIME IN THE MIDEAST.ITS A NWO GENERATED SITUATION FOLKS.

EU gives cautious support to Yemeni protesters
ANDREW RETTMAN 27.01.2011 @ 17:44 CET

EUOBSERVER / BRUSSELS - The EU has said that Yemeni protesters have a fundamental right to take to the streets and call for their government to step down so long as they do not use violence.Maja Kocjancic, a spokeswoman for EU foreign relations chief Catherine Ashton, told EUobserver on Thursday (27 January) in reference to the unfolding situation in the Yemeni capital, Sanaa, that: freedom of expression and the right to assemble peacefully are fundamental rights and they should be respected.
She added: We are supporting a democratic, unified and stable Yemen. We believe the Yemeni national dialogue should be revived. This would offer the opportunity to unlock progress on political issues, from the holding of multi-party democratic election, to wider national reconciliation.Asked if EU institutions are concerned about the security implications of the series of uprisings in the region in recent days, she said that EU foreign ministers will make an assessment at a regular meeting in Brussels on Monday.She added that Ms Ashton is also scheduled to meet with the Yemeni foreign minister next week. Although we've seen a wave of protests, the situation in each country is specific, Ms Kocjancic noted.Thousands of Yemenis took the streets of Sanaa on Thursday calling on President Ali Abdullah Saleh, who has led the Muslim country for over 30 years, to step down. We gather today to demand the departure of President Saleh and his corrupt government, opposition MP Abdulmalik al-Qasuss said on Thursday in remarks cited by AFP.

For their part, government supporters said the mass demonstrations are a threat to stability. The Yemen already has problems with activity of al-Qaeada-offshoot groups, with a Yemeni woman arrested in October last year for trying to send bombs on a UPS cargo plane to the US.The Yemeni uprising follows the ousting of another pro-Western but undemocratic Muslim leader, President Zine al-Abidine Ben Ali of Tunisia, earlier this month.Copycat protests have also erupted in Algeria and Egypt, with a number of protesters and policemen killed in clashes in Egypt this week.The Egyptian opposition is set to acquire a new figurehead in former UN nuclear weapons inspector and Nobel laureate Mohamed ElBaradei, who boarded a plane for Cairo on Thursday. If [people] want me to lead the transition, I will not let them down, he said in Vienna airport, the BBC reports.Coupled with deadly clashes in Lebanon after Islamic militant group Hezbollah won an ally as prime minister, increasing tensions between the Arab Fatah and Hamas factions in the Palestinian territories and deadly anti-government clashes in Albania, the EU's immediate neighbourhood has seen a massive increase in tension in recent days.

MUSLIM NATIONS

EZEKIEL 38:1-12
1 And the word of the LORD came unto me, saying,
2 Son of man, set thy face against Gog,(RULER) the land of Magog,(RUSSIA) the chief prince of Meshech(MOSCOW)and Tubal,(TOBOLSK) and prophesy against him,
3 And say, Thus saith the Lord GOD; Behold, I am against thee, O Gog, the chief prince of Meshech(MOSCOW) and Tubal:
4 And I will turn thee back, and put hooks into thy jaws,(GOD FORCES THE RUSSIA-MUSLIMS TO MARCH) and I will bring thee forth, and all thine army, horses and horsemen, all of them clothed with all sorts of armour, even a great company with bucklers and shields, all of them handling swords:
5 Persia,(IRAN,IRAQ) Ethiopia, and Libya with them; all of them with shield and helmet:
6 Gomer,(GERMANY) and all his bands; the house of Togarmah (TURKEY)of the north quarters, and all his bands:(SUDAN,AFRICA) and many people with thee.
7 Be thou prepared, and prepare for thyself, thou, and all thy company that are assembled unto thee, and be thou a guard unto them.
8 After many days thou shalt be visited: in the latter years thou shalt come into the land that is brought back from the sword, and is gathered out of many people, against the mountains of Israel, which have been always waste: but it is brought forth out of the nations, and they shall dwell safely all of them.
9 Thou shalt ascend and come like a storm, thou shalt be like a cloud to cover the land, thou, and all thy bands, and many people with thee.(RUSSIA-EGYPT AND MUSLIMS)
10 Thus saith the Lord GOD; It shall also come to pass, that at the same time shall things come into thy mind, and thou shalt think an evil thought:
11 And thou shalt say, I will go up to the land of unwalled villages; I will go to them that are at rest, that dwell safely, all of them dwelling without walls, and having neither bars nor gates,
12 To take a spoil, and to take a prey; to turn thine hand upon the desolate places that are now inhabited, and upon the people that are gathered out of the nations, which have gotten cattle and goods, that dwell in the midst of the land.

ISAIAH 17:1
1 The burden of Damascus. Behold, Damascus is taken away from being a city, and it shall be a ruinous heap.

PSALMS 83:3-7
3 They (ARABS,MUSLIMS) have taken crafty counsel against thy people,(ISRAEL) and consulted against thy hidden ones.
4 They have said, Come, and let us cut them off from being a nation; that the name of Israel may be no more in remembrance.
5 For they (MUSLIMS) have consulted together with one consent: they are confederate against thee:(TREATIES)
6 The tabernacles of Edom,(JORDAN) and the Ishmaelites;(ARABS) of Moab, PALESTINIANS,JORDAN) and the Hagarenes;(EGYPT)
7 Gebal,(HEZZBALLOH,LEBANON) and Ammon,(JORDAN) and Amalek;(SYRIA,ARABS,SINAI) the Philistines (PALESTINIANS) with the inhabitants of Tyre;(LEBANON)

DANIEL 11:40-43
40 And at the time of the end shall the king of the south( EGYPT) push at him:(EU DICTATOR IN ISRAEL) and the king of the north (RUSSIA AND MUSLIM HORDES OF EZEK 38+39) shall come against him like a whirlwind, with chariots, and with horsemen, and with many ships; and he shall enter into the countries, and shall overflow and pass over.
41 He shall enter also into the glorious land, and many countries shall be overthrown: but these shall escape out of his hand, even Edom, and Moab, and the chief of the children of Ammon.(JORDAN)
42 He shall stretch forth his hand also upon the countries: and the land of Egypt shall not escape.
43 But he shall have power over the treasures of gold and of silver, and over all the precious things of Egypt: and the Libyans and the Ethiopians shall be at his steps.

EZEKIEL 39:1-8
1 Therefore, thou son of man, prophesy against Gog,(LEADER OF RUSSIA) and say, Thus saith the Lord GOD; Behold, I am against thee, O Gog, the chief prince of Meshech (MOSCOW) and Tubal: (TUBOLSK)
2 And I will turn thee back, and leave but the sixth part of thee, and will cause thee to come up from the north parts,(RUSSIA) and will bring thee upon the mountains of Israel:
3 And I will smite thy bow out of thy left hand, and will cause thine arrows to fall out of thy right hand.
4 Thou shalt fall upon the mountains of Israel, thou, and all thy bands,( ARABS) and the people that is with thee: I will give thee unto the ravenous birds of every sort, and to the beasts of the field to be devoured.
5 Thou shalt fall upon the open field: for I have spoken it, saith the Lord GOD.
6 And I will send a fire on Magog,(NUCLEAR BOMB) and among them that dwell carelessly in the isles: and they shall know that I am the LORD.
7 So will I make my holy name known in the midst of my people Israel; and I will not let them pollute my holy name any more: and the heathen shall know that I am the LORD, the Holy One in Israel.
8 Behold, it is come, and it is done, saith the Lord GOD; this is the day whereof I have spoken.

JOEL 2:3,20,30-31
3 A fire(NUCLEAR BOMB) devoureth before them;(RUSSIA-ARABS) and behind them a flame burneth: the land is as the garden of Eden before them, and behind them a desolate wilderness; yea, and nothing shall escape them.
20 But I will remove far off from you the northern army,(RUSSIA,MUSLIMS) and will drive him into a land barren and desolate, with his face toward the east sea, and his hinder part toward the utmost sea, and his stink shall come up, and his ill savour shall come up, because he hath done great things.(SIBERIAN DESERT)
30 And I will shew wonders in the heavens and in the earth, blood, and fire, and pillars of smoke.(NUCLEAR BOMB)
31 The sun shall be turned into darkness, and the moon into blood, before the great and the terrible day of the LORD come.

Arab Youth Attacks Jew, Shot Dead
by Elad Benari JAN 28,11

An Arab youth from the Samarian Arab village of Arak Burin was shot dead near the Jewish community of Yitzhar on Thursday.Arab media, which reported on the incident throughout the day on Thursday, claimed that the youth had been shot for no reason by a Jewish resident of Yitzhar. The Palestinian Authority-based Ma’an News Agency claimed that residents of Yitzhar had marched into Arak Burin and opened fire at its residents, killing the 19-year-old youth, who was identified as Ady Maher Qadous.

The report relied on statements by Ghassan Daghlus, a PA official who is in charge of monitoring activities by Jewish residents of Judea and Samaria. Ma’an also cited medical sources who said that Qadous was hit by numerous bullets to the chest and was taken to a hospital in Nablus (Shechem) for treatment, where he died shortly after arrival.The website of the PA newspaper Al-Quds quoted Qadous’ cousin, who claimed that while he and his cousin were working on property which belongs to them, four Jews approached from a nearby hill when suddenly one of them shot Qadous.
However, a preliminary investigation by Samaria-Judea police found that the youth was shot after a Jewish man who was walking on a pathway near Yitzhar was attacked by a group of Arabs who threw rocks at him. When one of the attackers approached the Jew with a rock in his hand, he opened fire in self-defense.Those who responded to the findings by the police largely blamed leftist groups for inciting against Jews and helping to spread the false reports.National Union Chairman MK Yaakov Ketzaleh Katz said: Lately there is a rise in the provocations by groups of anarchists who are accompanied by Arabs and extreme leftists and are invading pastures, plots of land, orchards and vineyards belonging to Jews.

Unfortunately, not only do the security forces not take any action to protect the Jews who are left alone to defend themselves, but the police and the army arrest them, added Katz . It is very unfortunate that security forces are afraid of those foreign organizations that finance the provocateurs just as they financed the Turkish flotilla.Katz said that he will demand that a parliamentary inquiry committee be established to investigate the reasons for the compliance by the security system with radical rioters that undermine the stability of the region, while turning against the local Jews who are mostly graduates of the IDF's elite units and regularly perform reserve military duty.The Yitzhar community responded to the police findings by saying that the investigation proves once again the hands of the Arabs are full of blood.The Samaria Residents' Council said in a statement: Once again it has been proven today that the Arab blood libels against the Jews are automatically adopted by leftist organizations seeking to incite against Jews. After it has been proven that it was self-defense we expect everyone who said otherwise to apologize.Shomron Mayor Gershon Mesika said: I am glad that the police today unveiled the truth behind the false tales of the Arabs. Unfortunately in many cases these false stories are made public and offend the Jewish population.(Israel NationalNews.com)

Rabbi Yosef vs. Hareidi Ashkenazi Rabbis on IDF Conversions
by Maayana Miskin JAN 28,11

Hareidi Ashkenazic Rabbinic leaders from the Lithuanian community and the Chabad-Hassidic community voiced opposition to the conversions to Judaism conducted in the IDF. Their statement of disapproval followed a ruling by Sephardi religious leader Rabbi Ovadia Yosef that said the conversions were valid and support for the IDF rabbis from religious Zionist rabbinic figures.Several months ago, Ashkenazi hareidi rabbis also caused a major uproar by declaring some of the conversions by religious Zionist courts, then under the supervision of the venerable Rabbi Chaim Druckman, head of the Ohr Etzion Hesder Yeshiva, invalid retroactively.The hareidi rabbis who oppose IDF conversions said that they believe that in the IDF converts are allowed to proceed with their plans to convert even if they do not intend to attempt to keep a halackic lifestyleThey wrote: Everyone knows that these people did not plan to keep any of the major elements of religious observance, not the Sabbath, not kashrut [religious dietary laws – ed.], and not family purity. The letter was signed by several leading hareidi-religious rabbis, among them Rabbi Yosef Shalom Elyashiv, and Rabbi Chaim Kanievsky. Their source for this generalization was not given.

Another letter, signed by 12 Chabad rabbis, warned that failing to hold would-be converts to a standard that includes observance of Jewish law harms both the converts and the Jewish people. Substandard conversions pose a threat to the existence of the Jewish people, and show ingratitude toward those who seek to convert, by deceiving them in the name of welcoming them, and making their lives miserable by giving them a conversion certificate that has no basis in Jewish law.The Chabad rabbis criticized the IDF's acclaimed Nativ pre-conversion program, claiming that teachers in the program had mixed Torah messages with those contradictory to Torah. And the main thing: even the rabbis who performed the conversions themselves left out, downplayed, or belittled the essence of conversion, that is, the acceptance of the mitzvot [commandments] at the time of conversion and the intent to keep them for the rest of one's life! Rabbi Ovadia Yosef, a renowned Torah scholar and the spiritual leader of Shas, stated that the IDF conversions are valid.President Shimon Peres praised Rabbi Yosef this week for his stance on the issue. His ruling strengthens and unifies the Jewish people, Peres said.(Israel NationalNews.com)

Chabad Gathering Shatters Stereotypes of Chassidic Women
by Hana Levi Julian JAN 28,11

Some 2,000 Chassidic women are meeting this weekend in New York to shatter stereotypes about their roles as Jewish women.The five-day gathering of female emissaries from the Chabad-Lubavitch movement features workshops that focus on issues such as the revival of world Jewry, leveraging the latest technology to conduct spiritual outreach and breaking the ice in new communities.The conference, meeting for its 23rd year, provides an opportunity for day school principals, Hebrew school directors, educators, counselors and motivational speakers around the world to also air their concerns and network with each other, something they rarely have time for in their busy schedules.Chabad-Lubavitch emissaries are known for their outreach efforts in far-flung communities across the world. Young couples establish outposts for Jewish contact in places like Beijing, Nepal, Uzbekistan, Laos, South Africa and Australia, offering guidance and services to Jews regardless of their affiliation.

Nearly 3,000 people are expected to attend the final event of the conference, a banquet that has for the first time been relocated out of the Crown Heights neighborhood to the Brooklyn Armory due to the massive numbers expected to attend. The conference is a tribute to the legacy of Rebbetzin Chaya Muska Schneerson, the esteemed wife of the late Lubavitcher Rebbe, Rabbi Menachem Mendel Schneerson, and is time to the anniversary of her passing, noted a statement by the organizers. The title of emissary is not an appellation, observed Rabbi Moshe Kotlarsky, vice chairman of Merkos L'Inyonei Chinuch, the educational arm of the movement. It is earned by each and every one of these women, who all give their lives to their communities.(IsraelNationalNews.com)

STORMS HURRICANES-TORNADOES

LUKE 21:25-26
25 And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity;(MASS CONFUSION) the sea and the waves roaring;(FIERCE WINDS)
26 Men’s hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken.

Northeast recovers from wet, heavy snowstorm
By Ellen Wulfhorst – Thu Jan 27, 4:47 pm ET

NEW YORK (Reuters) – The Northeast dug out of yet another winter storm on Thursday that pummeled the region with unexpectedly heavy snowfall, making January the snowiest month in New York in more than 85 years.In Central Park, 19 inches of snow fell overnight in the storm that forced airports and schools to close. The wet snow fell at dizzying speeds during the height of the storm, as much as three inches per hour, said Weather Channel meteorologists.New York officials vowed to keep the city running after Mayor Michael Bloomberg, agency heads and municipal workers came under heavy criticism for the slow response to the Christmas weekend blizzard that brought services to a halt.We learn, said Bloomberg at a City Hall news conference on Thursday. We asked the questions of what didn't work last time and whether there's anything we could do differently.The city suspended bus service shortly after midnight, he noted. In the Christmas blizzard, 600 city buses became stranded but with this suspension, almost no buses were stranded on Thursday, the mayor said.

Bus service was gradually restored through the day, and about 1,500 laborers were shoveling out bus stops, he said.Our expectation is that by tomorrow morning's rush hour all of the city streets and roadways will have been plowed, Bloomberg said.The storm, which dropped twice as much snow as had been predicted, brought the city's January total accumulation to 36 inches, breaking a record from 1925, the mayor said.
This is so much worse than I think we all expected, said Julia Scharf, 27, a dental technician who commuted to New York from Bethpage, Long Island.I had to clean about 15 or so inches off my car before I could drive to the train station.Commuter train and bus service from some suburbs, including Long Island, was limited or suspended throughout the day.Metro-North Railroad lines between New York and some towns in Connecticut, including New Canaan, Danbury and Waterbury, were out of service. The day's ridership throughout the region was down by about half, a spokeswoman said.

New York City schools were closed, only the ninth time since 1978 that schools closed due to snow, the mayor said.The National Weather Service said that in addition to the 19 inches of new snow in Central Park, nearly 19 inches fell at Newark Airport and 18 inches in suburban New Canaan, Connecticut.The snowfall was just shy of the Christmas blizzard that dropped 20 inches on New York City.Flight delays averaging more than four hours were reported at John F. Kennedy International Airport, which had been closed due to the storm but reopened on Thursday morning.
Delays averaging about two hours were reported at Newark International Airport, LaGuardia Airport in New York and Philadelphia International Airport.Snowfall ranged from 12 to 17 inches in Philadelphia, where nine people spent nine hours on a bus stuck in the snow, said Jerri Williams, a spokeswoman for the Southeastern Pennsylvania Transportation Authority. Along with the driver, those nine chose to remain on the heated bus rather than brave the elements, she said.About 15,000 households south and west of Philadelphia lost power, according to the utility Peco. By late afternoon, some 10,000 had power restored, and the rest were expected to have power restored by midnight, the utility said.

In the Washington, D.C., area, where some commuters were caught in hours-long traffic jams during the storm, tens of thousands were without power, mostly due to snow-laden trees downing utility lines.About 163,000 Pepco customers in the Washington area remained without power by late afternoon on Thursday and may not have power until late Friday, a Pepco spokesman said.In Boston, a second runway at Logan International Airport was closed until mid-afternoon, an airport spokesman said.Snow accumulation contributed to a handful of large, industrial properties and smaller buildings across Massachusetts and Connecticut that reported roof collapses.
If you have a roof, particularly a flat roof on any part of your house, now is the time to get up there and remove as much of that snow as you can, Connecticut Gov. Dannell Malloy said at a news conference in Hartford.Given the winter weather pattern, he said: We might as well count on receiving additional snow, so acting on this stuff before it becomes rock solid is a good idea.In weather-related deaths, a woman was struck and killed by a snowplow on Wednesday in Center Moriches, New York. In Wilmington, a 51-year-old woman died early Thursday after being hit by a snow plow owned by the Delaware Department of Transportation.(Additional reporting by Lauren Keiper in Boston, Jon Hurdle in Philadelphia, Ted Lorson in Norwich, Connecticut, Jerry Norton in Washington, and Bernd Debusmann Jr. and Daniel Trotta in New York; Editing by Greg McCune)

Thunder-snow storm buries US north-east
by Sebastian Smith – Thu Jan 27, 12:54 pm ET

NEW YORK (AFP) – New York shut down two airports and most city services Thursday in the wake of a rare thunder-snow storm that paralyzed air and ground travel over a vast area from Washington to as far north as Boston.After building up early Wednesday with ice and freezing rain, the storm blindsided the US capital at the height of the evening rush hour, not even sparing President Barack Obama, who faced travel delays upon returning from a day trip to the US Midwest.In New York, John F. Kennedy Airport and Newark Airport in New Jersey were closed for almost 12 hours as the storm, simultaneously erupting with lightening and thunder, blanketed the region in more than a foot (30 centimeters) of snow.They reopened later Thursday, but with long delays as airlines worked their way through huge backlogs of canceled flights and miserable passengers.Similar snarl-ups developed at Philadelphia and New York's La Guardia airports, although the situation was back to normal at Washington's Dulles and Reagan National.The storm, an unusual thunder and snow combination, was the fifth major snowfall in as many weeks for parts of the US east coast.For New York City, this has been the most snow-filled January in history, with a total of 36 inches (90 centimeters) breaking the record set 1925.

Mayor Michael Bloomberg ordered all but essential city services shut and school canceled, saying, New York City almost never takes a snow day, but today is one of those rare days. People should stay at home and off the roads. There are extensive service delays on mass transit, including a suspension of all bus service.The billionaire mayor, who prides himself on using his corporate management skills in running the country's largest city, took a public battering earlier this month over what was seen as his mishandling of prolonged blizzard.But even Obama was not spared snow-related inconvenience. He had to use a motorcade -- instead of his helicopter -- to get from Andrews Air Force Base to the White House.Snow created treacherous road conditions that caused several cars to skid off the road or become stuck in the snow, slowing the presidential motorcade, which made it to the White House at 5:58 pm.Ordinary commuters had it even worse. The Washington Posted quoted a woman who sat behind the wheel for 13 hours -- literally. Sitting, not moving. CNN television reported on another commuter whose quick daily hop ended up a 10-hour marathon.The National Weather Service put the entire Washington-to-Boston corridor under a winter storm warning for severe winter weather conditions, including wet, heavy snow.

The warning remained in effect until early Thursday morning.Only travel in an emergency, the warning stated. If you must travel, keep an extra flashlight, food and water in your vehicle in case of an emergency.

NOW THE BANKERS-THE BANK OF THE WORLD THE IMF IS TELLING AMERICA,CHINA WHAT TO DO.THE BANKERS ARE IN CONTROL OF EVERYTHING THANKS TO THE BAILOUTS AND AUSTERITY PROGRAMS.THE BANKERS DICTATORSHIP IS UNDER WAY.

U.S., Japan warned by IMF, rating agencies on debt
By Lesley Wroughton – Thu Jan 27, 6:00 pm ET

WASHINGTON (Reuters) – The United States and Japan received sharp warnings from the IMF and ratings agencies on Thursday that they must tackle their huge budget deficits to avoid investors dumping their bonds, which would create a sovereign debt crisis and push up their borrowing costs.Rating agency Standard & Poor's on Thursday cut Japan's long-term debt rating for the first time since 2002, and a day after a U.S. agency raised its 2011 budget deficit forecast by 40 percent.In the United States, Moody's Investors Service warned said while the risk to the United States' coveted top triple-A rating was small, it was rising. For details, see.The International Monetary Fund had harsh words for both the United States and Japan, saying they urgently need to act to cut their deficits.As a political battle heated up in Washington over the budget, the U.S. Treasury took steps to prevent the government from hitting a legal limit on its debt. Republicans are demanding spending cuts as the price of their support for raising the $14.294 trillion debt ceiling.President Barack Obama this week announced a five-year freeze in annual domestic spending, which the White House estimates will save more than $400 billion over the next decade, but an International Monetary Fund official said on Thursday that more is needed.

Carlo Cottarelli, director of the IMF's Fiscal Affairs Department, said Washington must be more specific in detailing plans that go further.One Republican warned that the United States faced the risk of a currency crisis if it did not get its debt under control. We're getting closer to that all the time, said Texas Representative Ron Paul, who has long advocated a return to a requirement that the dollar be backed by gold.In Europe, market pressures have forced many governments to adopt austerity budgets to bring down soaring borrowing costs, and the European Union is now locked in debate over whether a 440 billion euro bailout fund for its members is too small.

U.S., JAPAN LAGGING WITH CUTS

In a report on global debt, the International Monetary Fund patted Europe on the back for its efforts while declaring the United States and Japan as the budget-cutting laggards.In advanced economies where fiscal sustainability has not been a market concern, credible plans going well beyond 2011 need to be put in place urgently to lock in benevolent market sentiment, the IMF said.Renewed market pressures in some advanced economies demand that these countries underline their commitment to their deficit targets and devise contingency plans to ensure that adjustment goals are met, it added.The fund said large European countries will all tighten their budgets this year broadly in line with earlier plans, with Spain making the deepest cuts.The IMF's Cottarelli told reporters that markets were overestimating the risk of default or debt restructuring in Europe, following bailouts of Greece and Ireland.But the IMF's report said Europe needed a more comprehensive approach to crisis management to avoid spillovers and to break the fiscal-financial spiral. The IMF said earlier this week that Europe's debt crisis posed one of the gravest risks to the global recovery.While Europe was cutting its deficits, the IMF said new tax cuts in the United States and increased spending in Japan had set back progress in rich nations more generally.

TIME TO DO MORE

Cottarelli said Japan needed to raise more revenue and he renewed a call for Tokyo to increase its value added tax. As for the United States, the fund said Washington would need to make up for the delay by cutting more deeply in 2012. A deeper adjustment by the United States is needed for it to meet an ambitious G20 target of halving its budget deficit by 2013.A White House official said Obama would lay out a number of tough steps to tackle our fiscal situation in a budget proposal next month. At the same time, top White House economist Austan Goolsbee said the government had to be careful not to undermine a fragile economic recovery. S&P's decision to downgrade Japan's long term debt a notch to AA-minus led to a sell-off in the yen and government bonds.Prices for U.S. Treasuries were unmoved on the Moody's report, which broke late on Thursday. However, some traders said the report could still seep into markets and pull bonds down on Friday.When you have punishing news like this from Moody's and other rating agencies, it will clearly leave a negative impression on Treasuries, said Todd Schoenberger, managing director at LandColt Trading Inc. in Wilmington, Delaware.Alan Wilde, head of fixed income and currency at Baring Asset Management in London, noted the quandary that investors face.We have been underweight Japanese government bonds for several years .... but the outlook is hardly better anywhere else, Wilde said. There is already speculation that the United States may be next in the credit ratings agencies' sights.Additional reporting by Mark Felsenthal, Alister Bull and Glenn Somerville in Washington, and Walter Brandimarte and Steven C. Johnson in New York; Editing by Leslie Adler)

British PM tells Davos: austerity is working
By FRANK JORDANS, Associated Press – Thu Jan 27, 7:17 pm ET

DAVOS, Switzerland – Britain's Prime Minister David Cameron will tell fellow leaders at this year's World Economic Forum that austerity measures imposed by his government are already bearing fruit.Cameron's Conservative-led coalition government has imposed a series of tough measures — from tax hikes to budget caps — to reduce the country's debt.Already we're making progress, Cameron said, in extracts released by his office ahead of the speech Friday to the annual gathering in the Swiss ski resort of Davos. Not long ago we were heading toward the danger zone where markets start to question your credibility.Cameron said Britain's triple A credit rating had been saved and market interest rates had fallen — though unemployment has also risen and thousands will see some form of state benefit cut.

All this has happened not in spite of our plan to cut the deficit, but because of it. That's why we must stick to the course we have set out.The message will be particularly keenly heard in other European countries, many of whom are trying to juggle crippling levels of public debt in the wake of the global financial crisis.
The Davos meeting's mood has improved since last year, but the 2,500 government and business leaders attending remained wary this week of the possibility that the global recession might return.For Europe, Greek Prime Minister George Papandreou and German Chancellor Angela Merkel will mark opposing poles on the spectrum of economic recovery when they take the stage in Davos Friday.U.S. Treasury Secretary Timothy Geithner will talk about priorities for the U.S. economy.Developing country woes will be contrasted with speeches by leaders of developing economies such as Indonesian President Susilo Bambang Yudhoyono and Mexico's Felipe Calderon.Not far from the conference venue social activists are planning to use the occasion of the Forum to name and shame the corporation with the worst social or ecological record in 2011. The same event will see the launch of OpenLeaks, billed as a rival to the secrecy-spilling website WikiLeaks.