STOCK RESULTS FRI OCT 28,2011

DOUG AND LAURIE FRI'S 6-9 PM EST ABOUT THE ISSUES OF THE DAY
http://www.usaradio.com/listen_live_usa2.php
LAURIE ROTH SHOW ARCHIVES 2011-DOUG-LAURIE ON MOST FRIDAYS FOR 3 HRS
http://therothshow.com/show-archives/january-2011/
http://therothshow.com/show-archives/february-2011/
http://therothshow.com/show-archives/march-2011/
http://therothshow.com/show-archives/april-2011/
http://therothshow.com/show-archives/may-2011/
http://therothshow.com/show-archives/june-2011/
http://therothshow.com/show-archives/july-2011/
http://therothshow.com/show-archives/august-2011/
http://therothshow.com/show-archives/september-2011/
http://therothshow.com/show-archives/october-2011/
http://therothshow.com/show-archives/november-2011/
http://therothshow.com/show-archives/december-2011/
HAGMANN & HAGMANN-JUDI MCLEOD REPORT SAT'S 8-10PM ON BLOGTALK RADIO
http://www.blogtalkradio.com/cfp-radio

LAURIE ROTHS SITE
http://therothshow.com/
DOUG HAGMANNS SITES
http://homelandsecurityus.com/
https://hagmann-pi.com/Home.html
http://theneinblog.blogspot.com/
CANADA FREE PRESS-JUDI MCLEOD
http://www.canadafreepress.com/
I-Q'S SITE
http://www.al-rassooli.com/
http://the-koran.blogspot.com/
http://www.al-rassooli.com/blog/
OLIVE TREE MINISTRIES SHOWS
http://olivetreeradio.com/OTM2011_10_15A.mp3
http://olivetreeradio.com/OTM2011_10_15B.mp3
http://olivetreeradio.com/OTM2011_10_08A.mp3
http://olivetreeradio.com/OTM2011_10_08B.mp3
http://olivetreeradio.com/OTM2011_10_01A.mp3
http://olivetreeradio.com/OTM2011_10_01B.mp3
JACK VAN IMPES LATEST SHOWS-VIDEO)
http://wm.thegospel.com/jvi/jvi1143.wmv (OCT 26,11)
http://wm.thegospel.com/jvi/jvi1142.wmv (OCT 19,11)
http://wm.thegospel.com/jvi/jvi1141.wmv (OCT 12,11)
http://wm.thegospel.com/jvi/jvi1140.wmv (OCT 05,11)
http://wm.thegospel.com/jvi/jvi1139.wmv (SEPT 28,11)
http://wm.thegospel.com/jvi/jvi1138.wmv (SEPT 21,11)
http://wm.thegospel.com/jvi/jvi1137.wmv (SEPT 14,11)
http://wm.thegospel.com/jvi/jvi1136.wmv (SEPT 07,11)
http://wm.thegospel.com/jvi/jvi1135.wmv (AUG 31,11)
http://wm.thegospel.com/jvi/jvi1134.wmv (AUG 24,11)
http://wm.thegospel.com/jvi/jvi1133.wmv (AUG 17,11)
http://wm.thegospel.com/jvi/jvi1132.wmv (AUG 10,11)
http://wm.thegospel.com/jvi/jvi1131.wmv (AUG 03,11)
http://wm.thegospel.com/jvi/jvi1130.wmv (JULY 27,11)
http://wm.thegospel.com/jvi/jvi1129.wmv (JULY 20,11)
http://wm.thegospel.com/jvi/jvi1128.wmv (JULY 13,11)
http://wm.thegospel.com/jvi/jvi1127.wmv (JULY 06,11)
http://wm.thegospel.com/jvi/jvi1126.wmv (JUN 29,11)
http://wm.thegospel.com/jvi/jvi1125.wmv (JUN 22,11)
http://wm.thegospel.com/jvi/jvi1124.wmv (JUN 15,11)
http://wm.thegospel.com/jvi/jvi1123.wmv (JUN 08,11)

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 OCTOBER 28,2011

09:30 AM -2.43
10:00 AM -27.28
10:30 AM -19.33
11:00 AM +5.23
11:30 AM +23.25
12:00 PM -14.12
12:30 PM -6.24
01:00 PM -4.46
01:30 PM +24.87
02:00 PM +3.07
02:30 PM -7.49
03:00 PM -4.73
03:30 PM +5.57
04:00 PM +22.48 12,231.03

S&P 500 1285.08 +0.49

NASDAQ 2737.15 -1.48

GOLD 1,746.30 -1.40

OIL 93.38 -0.58

TSE 300 12,519.51 +54.07

CDNX 1629.89 +15.09

S&P/TSX/60 714.46 +2.97

MORNING,NEWS,STATS

YEAR TO DATE PERFORMANCE
Dow -17 points at 4 minutes of trading today.
Dow -19 points at low today.
Dow +7 points at high today so far.
GOLD opens at $1,743.10.OIL opens at $92.36 today.

AFTERNOON,NEWS,STATS
Dow -49 points at low today so far.
Dow +34 points at high today so far.

WRAPUP,NEWS,STATS
Dow -49 points at low today.
Dow +34 points at high today.

GOLD ALLTIME HIGH $1,902.60 (NOT AT CLOSE)

http://www.youtube.com/watch?v=ilz7FYOI6H4&feature=player_embedded
http://www.youtube.com/watch?feature=player_embedded&v=kCFP_Unf6zA
http://www.youtube.com/watch?feature=player_embedded&v=MSpkLk0vYmk
http://www.youtube.com/watch?feature=player_embedded&v=-B9MeO3SRxU
Alien Genetic Takeover: The End of Humanity Aaron Dykes Infowars.com October 26, 2011
http://www.infowars.com/alien-genetic-takeover-the-end-of-humanity/

COMMENT FROM ALEX JONES: Yes the headline says alien takeover, because it is alien to cross plant, animal, insect and microscopic species… and this witch’s brew is already having disastrous effects and is the single greatest threat not only to our species but to the planet as a whole.In this powerful video, Alex breaks down how the global takeover might as well be coming from a hostile alien species– as depicted in John Carpenter’s classic 1982 horror film The Thing. In fact, such an invader would be hard pressed to wreak more destruction upon the earth’s biosphere.In the film, and its other versions from 1951 and 2011, an uncovered species takes over its host’s DNA while outwardly imitating it, threatening to infect the entire planet in a short span. In the real world, aggressive genetically-modified species are destroying naturally-occurring species while provably causing harm to those who consume GMO foods– including widespread infertility, organ failure, cancer and mutations, as demonstrated repeatedly in lab animal studies.

In fact, the real dangers of GMOs, human-animal hybrids, vaccines (loaded with super-viruses, dangerous chemical compounds and other special ingredients), fluoride and much more have only begun to unleash their long-term multi-generational harm. The frank reality is that what humanity faces is far worse than Alex could possibly convey in this short presentation.Complex and controversial emerging legal rulings over gene patents and intellectual property are clearly paving the way for the globalists’ Thing mechanism to dominate agriculture, monopolize medicine and profit on mass-death and the unraveling of our planet’s genetic inheritance. Those in power hope to retain a privately-controlled continuity through their arctic seed vaults (a la Noah’s ark), but life is bigger than even they can grasp.Technological solutions will create a two-tier system aiming to enshrine the lives of the elite- with the available enhancements for health and longevity- while allowing further domination and dumbing-down of the masses (the nouveau riche, the middle class and poor alike). A wide-spectrum of ambient soft-kill enviro-additives poison us all, with the future hanging in the balance, at the very time an inner-coterie of science, tech and wealth has declared that the future doesn’t need us.If we don’t stop this Thing now, we may never have a second chance. It is vital we recognize this amorphous danger for what it is– the annihilation of our species and those with which we co-inhabit. We don’t have any more time to waste.

Genetic Genocide: Humanity’s Greatest Threat

Food: The Ultimate Secret Exposed

LINKS AND RESEARCH:
http://www.psfk.com/2010/06/research-links-genetically-modified-food
http://www.infowars.com/scientific-studies-conclude-gmo-feed-causes-organ
http://www.infowars.com/genetic-genocide-humanitys-greatest-threat/
http://www.infowars.com/food-the-ultimate-secret-exposed/
http://globalresearch.ca/index.php?context=va&aid=23503
http://www.infowars.com/gm-human-animal-hybrids-emerging-market
http://www.infowars.com/7-secret-ways-we-are-being-poisoned/
http://www.infowars.com/john-gormley-fluoride-gmo-and-the-rockefeller
http://www.infowars.com/bill-gates-use-vaccines-to-lower-population/
http://www.infowars.com/proof-vaccines-killing-people/
http://www.infowars.com/pig-virus-contaminates-rotavirus-vaccines
http://www.infowars.com/mercury-in-vaccines-no-more-dangerous
http://www.infowars.com/vaccinations-deadly-immunity/
http://www.infowars.com/rockefeller-foundation-developed-vaccines-for-fertility-reduction/
http://www.infowars.com/establishment-media-pushes-brain-eating-vaccines/
http://www.infowars.com/voluminous-research-proves-vaccines-are-deadly/
http://www.infowars.com/proof-vaccines-killing-people/
Similar/Related Articles

Court: IDF Does Not Have to Compensate for Gaza Attack-The IDF does not have to compensate the family of a Gaza Arab who was killed during an army raid against terrorists, a court ruled Thursday.By David Lev First Publish: 10/27/2011, 11:51 AM

The IDF does not have to compensate the family of a Gaza Arab woman who was killed during an army raid against a terrorist nest in Gaza. The Jerusalem District Court on Thurday threw out a lawsuit by the family of Fatima and Khaled Wahba, a mother and child who were accidentally killed during a raid against terrorists in southern Gaza in 2006.According to the lawsuit, an Israeli missile hit the home where the Wahbas were staying in southern Gaza. The IDF said that the missile had been meant for a vehicle carrying several terrorists. Attorneys for the IDF sought to have the case dismissed as soon as it was filed, considering that the incident occurred during an Israeli action against terrorists, a defensive situation in which the army cannot take responsibility for civilians who do not take cover in battle areas. In the vehicle were several wanted terrorists, one of whom was to carry out an attack against Israel in the coming days, the IDF said.The court ruled that the evidence presented clearly showed that the army's description of the events was accurate, and that the Wahbas were unfortunate wartime civilian casualties whose home was not targeted. As such, the state has no financial responsibility to the plaintiffs. Not only that; the court ruled that due to the actions of the terrorists, the army had had no choice but to attack the terrorists in the manner that it did, and that by doing so it put soldiers at greater risk than other methods of stopping the terrorists would have entailed – thus likely saving the lives of many more Gaza Arabs.

In the 2006 incident, the missile that hit the Wahba's residence did not fall far from where the vehicle carrying the terrorists was traveling, indicating that the terrorists had driven very close to the homes of civilians in Gaza – apparently seeking to use the civilians as human shields against IDF attack. Terrorists often take advantage of civilians, taking cover with them and using them for general protection, because they know that the IDF almost never fires directly on structures where it knows civilians are located.The court obligated the members of the Wahba family who brought the lawsuit to pay NIS 25,000 in court costs.

Report: Israel Tells US No New Freeze in Judea, Samaria-Israel tells the US Ambassador there will be no new freeze in Judea and Samaria to jumpstart talks with the Palestinian Authority.By Chana Ya'ar First Publish: 10/27/2011, 12:36 PM

Israel has reportedly once again told the United States it will not freeze construction in Jewish communities in Judea and Samaria in order to jumpstart talks with the Palestinian Authority.U.S. Ambassador Dan Shapiro allegedly made the request during a meeting Thursday morning with Interior Minister Eli Yishai, according to a report broadcast by IDF Army Radio.However, the conversation apparently took place without the knowledge of the Prime Minister's Office. When asked, Prime Minister Binyamin Netanyahu's spokesman Mark Regev told Arutz Sheva that his office had not been notified, and he had not heard anything about this.Shapiro reportedly couched the request in terms of its being a goodwill gesture -- however, it has consistently been framed by the PA as a precondition for any return to the negotiating table.

Yishai told the American ambassador that Israel would not agree to any freeze, noting that no Israeli government had given in to PA demands to freeze settlements in the past, nor is there any reason do so now.Shapiro, for his part, reiterated the U.S. commitment to exercise its veto in the U.N. Security Council against the Palestinian Authority's attempt to circumvent negotiations by applying for United Nations membership and recognition as an independent sovereign nation.

US to Sell F-16 to Egypt in Grapel Deal-Egypt came out a big winner in the deal for Ilan Grapel: the US will sell Cairo the F-16 fighter, while Israel frees 25 prisoners.By Chana Ya'ar First Publish: 10/27/2011, 11:34 AM

Egypt has come out the big winner in negotiations for the release of U.S.-Israeli national Ilan Grapel, held prisoner by Cairo since June 12 after he inadvertently became caught up in the melee of Tahrir Square's Arab Spring uprising.Delicate diplomatic wrangling by Israeli and American negotiators over the past five months managed to reduce the charge of espionage by Egyptian authorities down to incitement -- but demands for the release of Egyptian prisoners in exchange for Grapel's freedom resulted in both Israel and the United States being forced to fold.On Israel's side 25 Egyptian prisoners, including three minors, will be taken to the Taba Crossing by 1:00 p.m. today (Thursday) to be transferred into Egyptian custody in exchange for the third-year Emory College law student.But according to Egyptian military expert General Sameh Sayf al-Yazal, the United States has agreed to a much bigger deal: America will sell its much-acclaimed F-16 stealth fighter to Cairo.Yazal told the Bethlehem-based Ma'an news agency early Thursday that the U.S. agreed to the price during negotiations for Ilan's release -- a deal that had been rejected by Washington during the Mubarak years in order to maintain the balance of military power in the region.

Israel is being seen as having been the main obstacle to the deal in the past however, having objected to the U.S. selling the F-16 to Egypt because it would equalize Cairo's aerial capabilities with those of the IAF.However, Israel's resistance to the sale has since diminished due to the development of the F-35, which Israel is set to receive within the next five years, and which will once again upgrade the IAF's regional military superiority.Israel will spend more than $200 million per F-35i fighter aircraft, according to Defense Industry Daily. Delivery of the aircraft is not expected, however, until at least 2016.

Arab Group: Let Us Teach History Our Way-A new guidance document from the Arab Pedagogic Council seeks to implement a curriculum about Israel similar to that taught in PA schools.By David Lev First Publish: 10/27/2011, 10:03 AM

While Israel has made numerous – so far unsuccessful – attempts to persuade the Palestinian Authority to temper its anti-Israel school curriculum, which essentially denies Israel's right to exist and considers the entire existence of the state as the occupation, Israeli Arab children are set to learn similar ideas in the schools they attend. A new guidance document from the Arab Pedagogic Council – which is made up of schools in Israeli Arab towns and villages and is supported financially by schools which draw their budgets from the government, seeks to implement a vicious anti-Israel curriculum in schools, telling the story of Palestine from the same perspective that the PA does.The document, titled Purposes of Education and Teacher Guidance for the Palestinian Minority in Israel, was published this week with the backing and approval of Arab political leaders, including Knesset members.In the document's introduction, the authors set the agenda by describing the historical facts which the Council recommends as setting the basis for all history and civics lessons in schools. Like the rest of the nations of the world, the document says, Palestinians progressed in the development of Palestinian cities and towns, and of agriculture. Then came the Nakba,the document continues, using the Arab term for destruction that is used to describe the establishment of Israel, which we are still in the midst of.

Among the tools the Zionists used in setting up a national home for Jewish people were violence and racism, fear-mongering, destruction, uprooting of homes and communities, theft, and ethnic cleansing, the document says.These things caused a destruction for the Palestinian people. But these events also caused a sharpening of the Palestinian identity both in the diaspora and in the homeland.The Council says it released the guidelines to counter what it says was Israel's restrictions on Arab education systems, which are not permitted to present the facts of history.It recommends that history and civics be treated like religion – with all curriculum and materials provided by an expert committee with expertise in the area.The Education Ministry said that the document was not official and and not been approved for use as a guideline.

Jewish Gaza Becomes Launching Pad for Terror Attacks on Israel-A former Jewish town has become a launching pad for Grad rocket attacks on southern Israel.By Chana Ya'ar First Publish: 10/27/2011, 9:57 AM

The ruins of a former Jewish town in northern Gaza on Wednesday night became the launching pad for Grad Katyusha attacks on southern Israel.Military sources said three missiles fired by Gaza terrorists were most likely launched from the ruins of the former secular Jewish village of Dugit.The community, a small seaside fishing, marine rescue and tourism village, was located in the northernmost part of the Jewish area of Gaza. It was closest to the shore of the Mediterranean Sea in a bloc of Jewish settlements that included Elei Sinai and Nisanit. Dugit was technically under the municipal authority of the Hof Aza Regional Council, and not physically part of the Gush Katif bloc, where most of the other Jewish communities were located.

The missiles fired Wednesday night by Gaza terrorists exploded in the coastal city of Ashdod and the community of Bnei Aish shortly before midnight. All landed in open areas. No one was physically injured, but a number of people suffered from shock and severe anxiety.The Color Red air raid alert siren sounded in Yavne, Gedera, Ashdod, Rehovot and Nes Tziona -- the first time air raid sirens had activated in the latter two cities.Israeli Air Force fighter pilots retaliated within hours, targeting three terrorist activity sites in central Gaza, and destroying a weapons storage facility in the southern part of the region. Direct hits were confirmed, and all Israeli personnel returned to base unharmed. A petition to Israel's Supreme Court by a Gaza family that attempted to sue the State of Israel over past collateral damage was denied Thursday morning.Deputy Knesset Chairman MK Danny Danon (Likud) warned Thursday morning that the time has come to set the red line for terrorists launching rocket attacks on Israel from Gaza.After the generous Shalit deal, the time has come for us to deal with the Hamas snakes in Gaza,he said in a statement.The Hamas [terrorist organization] no longer has its hostage, and we must now set a red line to prevent the residents of southern Israel from being the next Hamas hostages.

Quartet: Israel, PA Agree to Make Proposals Within 3 Months-Following separate meetings with PA and Israeli officials, Quartet says sides are ready to make proposals to advance talks.By Elad Benari First Publish: 10/27/2011, 8:25 AM

An official on behalf of the Quartet of Middle East peace mediators said on Wednesday that Israel and the Palestinian Authority have agreed to make proposals on issues of territory and security within three months.The announcement came following separate meetings between a Quartet delegation, headed by Middle East envoy Tony Blair, and PA and Israeli officials.A UN official was quoted as having told Reuters on behalf of the Quartet, The parties agreed with the Quartet to come forward with comprehensive proposals on territory and security within three months in the context of our shared commitment to the objective of direct negotiations leading toward an agreement by the end of 2012.The Quartet envoys also called on the parties to resume direct bilateral negotiations without delay or preconditions and said they would meet the parties regularly over the next 90 days.The Quartet – which comprises the United Nations, the European Union, the United States and Russia – is pushing a timetable for talks it presented last month.The timetable calls for comprehensive proposals within three months on issues of territory and security, and substantial progress within six months. A peace agreement would be reached by the end of 2012.

Israel has already accepted the Quartet’s plan, and Prime Minister Binyamin Netanyahu’s office reiterated on Wednesday that Israel was interested in restarting direct talks without preconditions.The PA, however, is still adamant on presenting preconditions for direct negotiations. Reuters reported that the PA’s negotiator, Saeb Erekat, said after the meeting with the Quartet officials, that the entity is prepared to sit at the negotiating table as soon as the Israeli government freezes all settlement construction and accepts clear terms of reference, specifically the 1967 borders [1949 armistice lines –ed.].

Markets cheer euro deal but questions remain
ReutersBy Luke Baker and Julien Toyer | Reuters – OCT 28,11

BRUSSELS (Reuters) - The euro and stocks rallied on Thursday after European leaders struck a deal to provide debt relief for Greece, but analysts warned the plan would fail to halt the euro zone's two-year-old debt crisis unless crucial details were resolved soon.After a summit in Brussels, governments announced an agreement under which private banks and insurers would accept 50 percent losses on their Greek debt holdings in the latest bid to reduce Athens' massive debt load to sustainable levels.
Reached after more than eight hours of hard-nosed negotiations between bankers, heads of state and the IMF, the deal also foresees a recapitalization of hard-hit European banks and a leveraging of the bloc's rescue fund, the European Financial Stability Facility (EFSF), to give it firepower of 1.0 trillion euros ($1.4 trillion).European stocks surged to a 12-week high and the euro shot above $1.40 to reach its top level against the dollar in seven weeks following the deal, which had appeared at risk due to deep differences between Berlin and Paris.

But economists noted that key aspects of the deal, including the mechanics of boosting the EFSF and providing Greek debt relief, would take weeks to pin down, meaning the plan could still unravel over the details.There is plenty of room to doubt whether each of the key aspects of the package will deliver within its own space, said Malcolm Barr, an economist at J.P. Morgan. The hope of EU policy makers is that the whole will be perceived as more than the sum of its rather questionable parts.Three months ago, euro zone leaders unveiled another agreement that was meant to draw a line under the debt woes that threaten to tear apart the 12-year old currency bloc. But they realized within weeks that it was inadequate given the depth of Greece's economic problems and the vulnerability of their banks.The new deal aims to address these holes.

ABSOLUTELY SUSTAINABLE

Under it, the private sector agreed to voluntarily accept a nominal 50 percent cut in its bond investments to reduce Greece's debt burden by 100 billion euros, cutting its debts to 120 percent of gross domestic product (GDP) by 2020, from 160 percent now.The euro zone will offer credit enhancements or sweeteners to the private sector totaling 30 billion euros. The aim is to complete negotiations on the package by the end of the year, so Greece has a full, second financial aid program in place before 2012.The value of that package, EU sources said, would be 130 billion euros -- up from 109 billion euros in the July deal.The debt is absolutely sustainable now, Greek Prime Minister George Papandreou said in Brussels after the deal was struck. Greece can settle its accounts from the past now, once and for all.A top lawyer for the International Swaps and Derivatives Association said that because banks had agreed to accept the losses, the deal was unlikely to trigger a credit event in which default insurance contracts would be paid out.In a bid to convince markets that they can prevent larger countries like Italy and Spain from being swept up by the crisis, euro zone leaders also agreed to scale up the EFSF, the 440 billion euro bailout fund that they have already used to provide help to Ireland, Portugal and Greece.Around 250 billion euro remaining in the fund will be leveraged 4-5 times, producing a headline figure of around 1.0 trillion euros, which will be deployed in a variety of ways.

The EFSF will be leveraged in two ways, either by offering insurance, or first-loss guarantees, to purchasers of euro zone debt in the primary market, or via a special purpose investment vehicle that will be set up in the coming weeks and which is aimed at attracting investment from China and Brazil.The methods could be combined, giving the EFSF greater flexibility, the euro zone leaders said.But EU finance ministers are not expected to agree on the nitty-gritty elements of how the scaled up EFSF will work until some time in November, with the exact date not fixed.There is also concern about Italian Prime Minister Silvio Berlusconi's commitment to implementing reforms seen as crucial for restoring confidence in the bloc's third largest economy.Dogged by scandals, Berlusconi has promised to raise the retirement age to 67 by 2026 and attempt other reforms, but the EU is reserving judgment.

SARKOZY TO TALK TO HU

Japan and Canada welcomed the euro zone agreement. China's official Xinhua news agency said the outcome was positive but filled with difficulties.

A spokeswoman for China's foreign ministry confirmed that President Hu Jintao would speak with French President Nicolas Sarkozy by phone later. An EU source told Reuters the conversation would center on Beijing's possible participation in the bailout fund.Beijing has so far been a big buyer of bonds issued by the EFSF, which is triple-A rated by credit agencies.As with the July 21 agreement, the concern is that Thursday's deal will only work if the fine print can be promptly agreed with the private sector, represented by the Institute of International Finance (IIF).
Charles Dallara, the managing director of the IIF, said those he represented were committed to making the deal work.We believe (bank take-up) is likely to be very, very high, Dallara said on Thursday. All parties recognized not only that the future of Greece but also the future of Europe and the future of the world economy was at stake.Josef Ackermann, chairman of the IIF and CEO of Germany's largest bank Deutsche Bank, described it as an acceptable compromise.Alongside the hit to the private sector, euro zone leaders agreed the banking sector needs recapitalizing to the tune of around 106 billion euros.German sources told Reuters that four German lenders -- NordLB, LBBW, Commerzbank and Deutsche Bank -- would be asked to shore up their capital. Three leading French banks ruled out the need for government help in meeting tougher capital requirements.While the headlines look good, the devil is in the details, said Damien Boey, equity strategist at Credit Swisse in Sydney. We don't actually know how they are planning to increase the bail-out fund size from 440 billion euros to a trillion. On top of that, there are some questions as to whether one trillion euros in itself is enough.There were corporate doubters, too. Oil giant Royal Dutch Shell said it planned to curb its investments in the European Union in future due to doubts about the bloc's chances of recovering from the crisis.

Europe's macroeconomic position can only recover and the sovereign debt crisis can only be addressed through underlying economic growth, Simon Henry, chief financial officer, told reporters on a conference call on Thursday.We do not see the European Union creating the conditions for that, in fact quite the opposite, he said.(Additional reporting by Julien Toyer, Jan Strupczewski, Yann Le Guernigou, David Brunnstrom, Robin Emmott, Harry Papachristou and John O'Donnell in Brussels, Annika Breidthardt and Sarah Marsh in Berlin, Daniel Flynn in Athens, Barry Moody in Rome, Tom Bergin in London; Writing by Noah Barkin, Luke Baker and Mike Peacock; Editing by Ruth Pitchford)

Bank's Fisher sees strong chance of another recession
ReutersBy Michael Holden | Reuters – OCT 28,11

LONDON (Reuters) - Bank of England policymaker Paul Fisher said on Thursday Britain could quite easily suffer another recession and that more asset purchases might be needed after the current round is completed.Although Britain's last recession ended in mid-2009, the economy has barely grown over the last 12 months. Unemployment has started to rise again and consumers are cutting spending as soaring prices, higher taxes and slow wage increases hit their pockets.Fisher, the central bank's executive director for markets, said that a new recession could not be ruled out.I think it is a significant chance. Looking at Q4 for example, at best it seems likely to be flat, could easily have negative growth, so the technical outcome of two quarters of negative growth in a row could quite easily come about, he said in an interview with Bloomberg TV.Fisher's fellow policymaker Adam Posen, who had been lobbying for more quantitative easing for the past year, also struck a downbeat tone on the economy.

I'm glad the committee has decided to recognise the British economy is cratering and we have a responsibility to do something about it, Posen told the Independent newspaper in an interview, adding that growth was set to remain very weak.I'm saying roughly 0.5 (percent) or below for 2011 and 0.5 (percent) or above for 2012, he said, giving a forecast that is well below the average prediction of 1.0 percent growth for this year and 1.3 percent for next in a Reuters poll.A survey among retailers from the Confederation of British Industry highlighted the weakness in consumption as retail sales in October continued to fall albeit at a slightly slower pace than in the previous months.The central bank has launched a second round of asset purchases worth 75 billion pounds to try to stimulate growth. It has also kept interest rates at a record low of 0.5 percent, where they have stood since March 2009.It takes some time to purchase these large scales of assets, so we think the four months running up to February is a sensible period of time to buy 75 billion, Fisher said.And when we get to that point we can stop and see whether or not we think we need to go further.Fisher said in a separate text interview with Bloomberg that he had voted for 75 billion pounds because he was sure that the bank would have to do at least 75 billion of easing.Bank justifies QE on the basis that inflation has probably already peaked at September's three-year high of 5.2 percent, and that without QE it is likely to undershoot its 2 percent target in the medium term due to weaker global growth.

EASING INFLATION

Like Governor Mervyn King and other Bank policymakers before, Fisher said inflation should fall back significantly early next year when one-off factors like an increase in value-added tax fall out of the equation.We were previously forecasting inflation to fall back on the central projection somewhere between 1.5 and 2 percent, looking 2 or 3 years ahead, Fisher said. It is likely that without building in the effect from restarting the asset purchase program, we would have had a significantly lower inflation forecast.While noting the uncertainties for the outlook, Fisher saw the biggest danger in inflation falling too far. The big risk for us is that a significantly weak economy would push us back into deflation and that's the really tricky problem to get out of once you get there, he said.With the government's hands tied by its pledge to erase a budget deficit of some 10 percent over the next 5 years, the onus to boost growth has been on Bank.I think that the overall combination of a tight fiscal policy and loose monetary policy is the right one for the country at the moment, Fisher said.Bank policymaker said Britain was viewed as a safe haven by investors. If people did not have confidence in the UK, you would not see gilt yields as low, Fisher said. I take some comfort from the stability of sterling.Fisher also said that Britain's banks were in a better position than a year or two ago to weather the risks stemming from the euro debt crisis.They've got big improvements in their capital base, big improvements in their liquidity; they've been deleveraging their balance sheets, he said.(Reporting by Michael Holden; editing by Stephen Nisbet)

Rainbow of religious leaders join pope for peace
APBy NICOLE WINFIELD - Associated Press | AP – OCT 28,11

ASSISI, Italy (AP) — Buddhist monks, Muslim imams, Yoruba leaders and a handful of agnostics traveled with Pope Benedict XVI to the Umbrian hilltown of Assisi on Thursday to make a communal call for peace and insist that religion must not be used as a pretext for war.The event was designed to commemorate the 25th anniversary of a daylong prayer for peace called by Pope John Paul II in 1986 amid Cold War conflicts in dozens of countries. Some 300 delegates representing a rainbow of faiths answered Benedict's invitation, though the event lacked the star power of 1986 when the Dalai Lama, Mother Teresa, Native American chiefs and others came together to pray.Traditional Catholics condemned the meeting as they did in 1986, saying it was blasphemy for the pope to invite leaders of false religions to pray to their Gods for peace. The Society of St. Pius X, a breakaway traditionalist group which Benedict has been working to bring back into Rome's fold, said it would be celebrating 1,000 Masses to atone for the damage done by the event and urged the pope to use the occasion to urge others to convert to Catholicism.

The pope did no such thing. But Benedict too objected to the 1986 event and didn't go, disapproving of members of different faiths praying in the presence of one another. His 25th anniversary edition stripped away all communal public prayer in an attempt to remove any whiff of syncretism, or the combining of different beliefs and practices.The Archbishop of Canterbury Rowan Williams, one of the first speakers in the opening session of the peace meeting, said the delegates weren't gathered there to come to a minimum common ground of belief.Rather, he said, the meeting would show the world that through their distinctiveness, different faiths provide the wisdom to draw upon in the struggle against the foolishness of a world still obsessed with fear and suspicion, still in love with the idea of a security based on active hostility, and still capable of tolerating or ignoring massive loss of life among the poorest through war and disease.And there was a lot of distinctiveness on hand: Standing on the altar of St. Mary of the Angels basilica, Wande Abimbola of Nigeria, representing Africa's traditional Yoruba religion, sang and shook a percussion instrument as he told the delegates that peace can only come with greater respect for indigenous religions.We must always remember that our own religion, along with the religions practiced by other people, are valid and precious in the eyes of the Almighty, who created all of us with such plural and different ways of life and belief systems, he said.A group of four Buddhists from mainland China took their places in the basilica, significant given the recent Sino-Vatican tensions over the appointments of Catholic bishops in the country. They came from Henan's Shaolin temple, famous for its kung fu-fighting monks. And in another novelty, Benedict invited four people who profess no faith whatsoever — part of his outreach to the world of agnostics and atheists who nevertheless are searching for truth.

Other invitees included Ecumenical Patriarch Bartholomew I and representatives from Greek, Russian, Serbian and Belarusian Orthodox churches as well as Lutheran, Methodist and Baptist leaders. Several rabbis were joined by some 60 Muslims, a half-dozen Hindus and Shinto believers, three Taoists, three Jains and a Zoroastrian.
They all traveled together on a special papal train that left early Thursday from the Vatican's train station. The delegates are to eat a spare lunch together, have time for silent, private prayer before coming together in the afternoon to make a joint call for peace. They'll return together via train Thursday night and have a special audience with Benedict Friday.