COULD BE FRIGID FRIDAY

FOR PEOPLE WHO THINK JESUS WAS NOT CREATED FROM A VIRGIN BIRTH, GOOD LUCK, LET GOD BE TRUTH AND EVERY MAN A LIER. MARY WAS A VIRGIN WHEN THE HOLY SPIRIT PUT JESUS IN HER IN A VIRGIN BIRTH. JESUS WAS ALL GOD AND ALL HUMAN.

Scientists: Virginia shark's pup a virgin birth By STEVE SZKOTAK, Associated Press OCT 10,08

RICHMOND, Va. - Scientists have confirmed the second case of a virgin birth in a shark. In a study reported Friday in the Journal of Fish Biology, scientists said DNA testing proved that a pup carried by a female Atlantic blacktip shark in the Virginia Aquarium & Marine Science Center contained no genetic material from a male.

The first documented case of asexual reproduction, or parthenogenesis, among sharks involved a pup born to a hammerhead at an Omaha, Neb., zoo.This first case was no fluke, Demian Chapman, a shark scientist and lead author of the second study, said in a statement. It is quite possible that this is something female sharks of many species can do on occasion.The aquarium sharks that reproduced without mates each carried only one pup, while some shark species can produce litters numbering in the dozen or more. The scientists cautioned that the rare asexual births should not be viewed as a possible solution to declining global shark populations.It is very unlikely that a small number of female survivors could build their numbers up very quickly by undergoing virgin birth, Chapman said.The medical mystery began 16 months ago after the death of the Atlantic blacktip shark named Tidbit at the Virginia Beach aquarium. No male blacktip sharks were present during her eight years at the aquarium.

In May 2007, the 5-foot, 94-pound shark died of stress-related complications related to her unknown pregnancy after undergoing a yearly checkup. The 10-inch shark pup was found during a necropsy of Tidbit, surprising aquarium officials. They initially thought the embryonic pup was either a product of a virgin birth or a cross between the blacktip and a male of another shark species — which has never been documented, Chapman said.Tidbit's pup was nearly full term, and likely would have been quickly eaten by really big sand tiger sharks that were in the tank, Chapman said in a telephone interview from Florida.That is what happened to the tiny hammerhead pup in the Omaha case.By the time they could realize what they were looking at, something munched the baby, he said of aquarium workers. The remains of the pup were used for the DNA testing.Virgin birth has been proven in some bony fish, amphibians, reptiles and birds, and has been suspected among sharks in the wild. The scientists who studied the Virginia and Nebraska sharks said the newly formed pups acquired one set of chromosomes when the mother's chromosomes split during egg development, then united anew.Absent the chromosomes present in the male sperm, the offspring of an asexual conception have reduced genetic diversity and, the scientists said, may be at a disadvantage for surviving in the wild. A pup, for instance, can be more susceptible to congenital disorders and diseases.The scientists said their findings offer intriguing questions about how frequently automictic parthenogenesis occurs in the wild.It is possible that parthenogenesis could become more common in these sharks if population densities become so low that females have trouble finding mates, said Mahmood Shivji, one of the scientists and director of the Guy Harvey Research Institute at Nova Southeastern University in Florida.The DNA fingerprinting techniques used by the scientists are identical to those used in human paternity testing.Chapman, who is with the Institute for Ocean Conservation Science at Stony Brook, was assisted in the study by Beth Firchau of the Virginia Aquarium.Chapman and Shivji were on the team that made the first discovery of virgin birth involving the Nebraska shark. On the Net: Virginia Aquarium: http://www.vmsm.com Stony Brook School of Marine and Atmospheric Science: http://www.somas.stonybrook.edu Oceanographic Center of Nova Southeastern University: http://www.nova.edu/ocean/ghri.

CNN NEWS VIDEO
http://edition.cnn.com/video/

YAHOO NEWS VIDEO
http://news.yahoo.com/video

MIDEAST CONFLICT NEWS
http://news.yahoo.com/video/1874;_ylt=A0wNcxFdg6xIgbkAwD6z174F

ABC NEWS VIDEO
http://news.yahoo.com/video/2461

FOX NEWS VIDEO
http://news.yahoo.com/video/3074

FOX BUSINESS VIDEO
http://news.yahoo.com/video/3045

AP NEWS VIDEO
http://news.yahoo.com/video/2529

BBC NEWS VIDEO
http://news.yahoo.com/video/2918

REUTERS VIDEO NEWS
http://news.yahoo.com/video/2704

AFP NEWS VIDEO
http://news.yahoo.com/video/3091

CNBC NEWS VIDEO
http://news.yahoo.com/video/3245

HOARDING OF GOLD AND SILVER

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, 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/

PSALMS 39:6
6 Surely every man walketh in a vain shew: surely they are disquieted in vain: he heapeth up riches, and knoweth not who shall gather them.

HALF HOUR DOW RESULTS FRI OCT 10,2008

09:30 AM -171.73
10:00 AM -260.93
10:30 AM -122.42
11:00 AM -272.00
11:30 AM -386.14
12:00 PM -424.29
12:30 PM -328.79
01:00 PM -314.77
01:30 PM -355.39
02:00 PM -506.17
02:30 PM -502.42
03:00 PM -477.97
03:30 PM +18.08
04:00 PM -128.00 8451.19

S&P 500 899.22 -10.70

NAS 1649.51 +4.39

GOLD 850.0 -36.5

OIL 80.52 -6.07

TSE 300 -534.98 9,065.20

CDNX -71.47 975.81

S&P/TSX 60 -34.31 546.25

UK -381.74 3,932.06

GERMANY -386.06 5,325.60

FRANCE -266.21 3,176.49

8 Trillion dollars lost in the markets in the last year.
Nasdaq touches lowest since 5/29 2003
S&P 500 touches lowest since 4/11 2003.
VIX exceeds 70 for the first time.
7 minutes into trading, Dow was down 680 points.
Dow was below 7900 points early.
Dow touches lowest since 4/16 2003.
Dow last closed below 8000 points on Mar 31, 2003.
Dow was up 76 points at 10:07AM after a 680 point drop right off.
2ND worst bear market of the post war era.
2.3 trillion, 17.4% loss in the markets in the last week
Federal Reserve has put hundreds of billions of dollars into the markets in the last few weeks.
India puts 8.2 billion into the Markets today.
As of 12PM 86 of the 100 companies on Nasdaq are down.
As of 12Pm Euro has lost one cent to the Dollar.
G7 LEADERS MEET IN WASHINGTON AROUND 1 PM.
The 185 members of the IMF meet this weekend also, as well as the G20 and South American leaders to tackle this crisis on the World.
15 BEAR MARKETS SINCE 1929, 2 BEAR MARKETS SINCE 2002.

Reports Secretary may seek individual stock circut breakers.
Moody's puts Goldman's long-term senior debt on outlook negitive.
MUFG'S $9 billion investment in Morgan Stanley approved by key regulators.
Morgan Stanleys capital injection from MUFG expected to close Tueday.

CDS STRATEGY

-Lighten financial shorts in credit ahead of the long weekend.
-Government intervention in Libor will hurt stocks;help credit.
-Lehman auction a stressor, but not to level of contagion expected.

Dow down 24% over 8 sessions.
Dow on track for worst weekly points loss in history.
Dow, S&P 500, Nasdaq have not risen since september 30,2008.
Nasdaq down 23% over 8 sessions.
S&P on track for worst weekly loss on record.
Euro under $1.34 for first time since August 2007.
Crude Oil hits fresh one-year low,dips below $79 a barrel.

DOW WAS UP 300 POINTS IN LAST HALF HOUR, WAS DOWN 688 AT BEGINING.
FIRST TIME IN HISTORY DOW WENT THROUGH A 1000 POINT CHANGE.

EXCITING OR INSANITY TODAY ON THE MARKETS

First half hour:Dow down 621 points,rallies 688.
10-2PM:drops 650 points.
2-3PM:gyrates in 300 point range.
3-3:45PM:rallies 770 points.
3:45-4PM:drops 330 points.
Day end the Dow 128.00 POINTS.

-First tradeable rally in 3 weeks.
-No 3 O'Clock selloff.
-Go home long on a Friday? Someone does.

HELPING
1-Hopeing for join statement from the G7 Leaders.
2-Lehman credit-swap sellers posted collateral, no firms fail accordong to the International Swaps and Derivatives Association.

Analyists are calling for a coordinated action, coordinated capital injection, coordinated attemp to insure deposits so different countries are not struggling with different policies, and different strategies from their central Bankers.

UK TAKES BILLIONS FROM ICELAND BANKS
http://www.dailymail.co.uk/news/article-1076011/UK-Treasury-officials-fly-Iceland-retrieve-Britains-billions-Brown-declares-cold-war-freezing-THEIR-assets.html

WATCH THE EU START TAKING THE LEAD IN THE GLOBAL ECONOMY AS ITALY IS CALLING FOR A GLOBAL SYSTEM, JUST LIKE THE BIBLE SAYS, THE EU WILL CONTROL THE WHOLE WORLDS ECONOMY.

Berlusconi Says Markets May Be Shut; G-7 Seeks United Remedy
By Simon Kennedy and Steve Scherer

Oct. 10 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi said governments may shut financial markets as the credit freeze pummels stocks and threatens a global recession. As equities suffered their worst week since the 1970s, Berlusconi said in Naples, Italy that markets may be shut while policy makers rewrite the rules of international finance.The discussions were revealed as finance ministers and central bankers from the Group of Seven nations sought a united front aimed at thwarting the crisis. Among the options: Pumping taxpayer funds into loss-ridden banks and guaranteeing lending between them and their deposits. Doing nothing is not an option at this stage, Bundesbank President Axel Weber told reporters in Washington. French Finance Minister Christine Lagarde said a coordinated basis is the only way to react to the situation.Unprecedented interest-rate cuts and bank bailouts have failed to quell panic in markets, putting officials under pressure to pull even more policy levers today or risk exacerbating the financial and economic turmoil. The gravity of the current situation is sinking into officials' mindsets, said Charles Diebel, head of European rates strategy at Nomura International Plc in London. It's time for the kitchen sink, as in throw everything there is at the problem, and on such a scale that the shock and awe will break the cycle of fear.

Statement Today

The officials from the U.S., Japan, Germany, U.K., France, Canada and Italy are gathering for the first time since the financial crisis intensified last month and spread more virulently beyond U.S. borders. They will release a statement about 6 p.m. Reflecting the seriousness of the crisis, President George W. Bush will meet the G-7 officials tomorrow, and the broader Group of Twenty will also convene. This is an opportunity to make sure that they're all on the same track, said former Federal Reserve Chairman Paul Volcker. He urged that all of them now admit or all of them own up to the fact their own banks are going to need support, in an interview with PBS Television's Charlie Rose show. The G-7's dilemma is that even after a battery of policy actions, money markets remain gridlocked as banks shun lending to each other for fear they will lose the money or because they need it themselves. The cost of borrowing dollars for three months in London today rose to its highest this year and the rate in Tokyo jumped to the most since 1998.

Lukewarm at Best

Mistrust is set to persist, said Nick Stamenkovic, a fixed-income strategist in Edinburgh at RIA Capital Markets. While measures are moving in the right direction, reaction has been lukewarm at best.Policy makers are lining up more initiatives and may find the deepening crisis forces them to put aside initial concerns about the strategies of opposite numbers. U.K. Chancellor of the Exchequer Alistair Darling wants countries to guarantee lending between banks, either by turning central banks into clearing houses for the loans or having governments back them. That would be an effective way of easing the crisis, said Marc Chandler, head of currency strategy at Brown Brothers Harriman & Co. in New York.

Reviewing Darling Plan

While U.S. officials have played down the idea without dismissing it outright, expressing concern that the step would be biased against financial institutions outside the banking sector, White House spokesman Tony Fratto said today we're reviewing the U.K. proposal. The U.S. already plans to follow Darling in another way by purchasing stakes in a wide range of banks within weeks, tapping authority included in the $700 billion rescue package passed by Congress last week. The U.K. is engineering a 50 billion pound ($87 billion) strategy to partly nationalize at least eight British banks. Japanese lawmakers are also considering reviving a law that expired in March that would allow them to inject public money into regional financial companies. The Federal Deposit Insurance Corp. said today it has significant latitude to take further steps to support banks and their depositors using emergency powers. European leaders have already promised to protect savers.

Governments must act now and decisively to restore confidence otherwise we are in for serious trouble and a long- run recession, said Moorad Choudhry, head of treasury at Europe Arab Bank Plc in London.

Country to Country

While arguing against taking ad hoc measures and suggesting an immediate relaxation of accountancy rules, German Finance Minister Peer Steinbrueck said solutions may still be different from country to country. He has argued banks in his country are in better shape than elsewhere. Apparently it's difficult to get the point across that banks and financial systems are facing different problems, he said in Washington. If governments fail, central banks may have more work to do having already executed emergency rate cuts this week. New York University professor Nouriel Roubini recommended they pare interest rates by at least 1.5 percentage points to avert a depression. Jacques Cailloux, an economist at Royal Bank of Scotland Group Plc in London, said today the European Central Bank will cut again before its governing council is next scheduled to meet Nov. 6. While a coordinated government response in the coming days through the G-7 is possible, it might not be sufficient to boost confidence in the system sufficiently quickly, said Cailloux.

In a report published yesterday, University of California Berkeley economist Barry Eichengreen warned against a disjointed approach. The policy response needs to be decisive, he said. It needs to be global. The stakes could not be higher.To contact the reporter on this story: Simon Kennedy in Washington at skennedy4@bloomberg.net;

US stocks extend huge losses over credit concerns By TIM PARADIS, AP Business Writer OCT 10,08 12:30 PM

NEW YORK - Wall Street extended its devastating losses Friday, but prices swung sharply as investors scooped up some shares decimated by more than a week of intense and panicked selling. The Dow Jones industrials, down nearly 700 points in the opening minutes of trading, recovered to an advance of more than 100 before turning sharply lower again, and the other major indexes fluctuated widely as well. Frozen credit markets and a loss of confidence in the world's financial system have caused the Dow to drop 21 percent in just 10 trading days. The blue chip index tumbled 678 points Thursday, and is heading to its worst weekly point drop, and one of its biggest weekly percentage drops, since being created 112 years ago.Friday's gyrations were likely exacerbated by the computer-driven buy orders that kicked in when prices fell far enough to make some stocks — including the pummeled financial stocks — look like attractive bets. But that buying didn't necessarily reflect an easing of the market's deep despair, and so the heavy selling generally continued.

Fear has been running rampant all over the Street. Fear and greed, that's what rules the Street. I think the carcass has been stripped to the bone, said Dave Henderson, a floor trader on the New York Stock Exchange for Raven Securities Corp.The mood, it swings with the market. When we went positive, the euphoria down there was awesome. It's like at a football game, he said.While the market's declines were sharp Friday, some of the selling pressure appeared to ease after the steep drop at the open. Still, many investors have waited until the final hour of trading each day this week to hit the sell button, so investors appeared uneasy about how the market would look at 4 p.m., when the closing bell sounds.At the start of Friday's session, losses for the year totaled a staggering $8.3 trillion, as measured by the Dow Jones Wilshire 5000 Composite Index, which tracks 5,000 U.S.-based companies representing nearly all stocks traded in the U.S.In midday trading, the Dow fell 388.53, or 4.53 percent, to 8,190.66. At its low point Friday, the Dow was at 7,882.51, just 60 points above its low in Wall Street's last bear market, 7,286.27, reached Oct. 9, 2002.Broader stock indicators also fell. The Standard & Poor's 500 index declined 55.64, or 6.11 percent, to 854.28, while the Nasdaq composite index fell 75.59, or 4.59 percent, 1,569.53.About 200 stocks advanced while about 3,000 declined on the New York Stock Exchange, where volume came to a heavy 1.08 billion shares.Investors continue to shift money into safer investments, most of it going into the government bond market. The yield on the three-month Treasury bill plunged to 0.28 percent from 0.58 percent late Thursday. That suggests that demand for T-bills, regarded by investors as the safest assets around, remains high.

Longer-term Treasury yields moved higher as investors moved into shorter term issues. The yield on the benchmark 10-year note rose to 3.87 percent from 3.76 percent late Thursday.Gold prices climbed $7.60 to $894.10 an ounce on the New York Mercantile Exchange, while oil prices fell. A barrel of light, sweet crude declined $6.45 to $80.14 a barrel on the Nymex.Jack Ablin, chief investment officer at Harris Private Bank, said some investors are fearful of placing bets before the market shakes out for fear they will exacerbate their losses.You don't want to get hit by a train, he said. This is now about market psychology. There's extreme fear and panic out there.President Bush said Friday the government's efforts to rescue the financial sector was powerful enough to succeed but that it would take some time to be fully implemented.His remarks came as finance ministers and central bankers from the Group of Seven nations gathered Friday in Washington to discuss the economic meltdown. One of the potential remedies expected to be reviewed at the meeting is for governments to guarantee lending between banks.Central banks around the world were forced to cut interest rates this week after continuing problems in the credit market triggered concerns that banks will run out of money. Analysts have described the mood on trading floors as panicked, with investors bailing out of stocks on fears there is no end in sight to the financial carnage. A stream of selling forced exchanges in Austria, Russia and Indonesia to suspend trading, and those that remained opened were hammered. The rout in Australian markets caused traders there to call it Black Friday.European stocks sank, with Britain's FTSE-100 down 8.14 percent, German's DAX down 7.6 percent, and France's CAC-40 down 7.7 percent. In Asia, the collapse of Japan's Yamato Life Insurance caused already nervous investors to pull even more money out of the market — the Nikkei 225 fell 9.6 percent.

Prospects of further government help and, perhaps, attractive prices helped the financial sector show some signs of life Friday. Big national banks were among the gainers, including Bank of America Corp., which rose $1.14, or 5.8 percent, to $20.77. Some smaller banks also rose, including Fifth Third Bank Corp., which rose 19 cents, or 2 percent, to $9.92. Not all financials were enjoying a bounce, however. Morgan Stanley Inc. fell $4.41, or 35 percent, to $8.04 as investors worried that even with a major investment from Japan's Mitsubishi UFJ Financial Group. Meanwhile, Goldman Sachs Group Inc. fell $19.25, or 19 percent, to $82.10. Citigroup Inc. said late Thursday it was suspending its bid to acquire Wachovia Corp., which will be acquired by Wells Fargo & Co. Citigroup rose 57 cents, or 4.4 percent, to $13.50, while Wells Fargo jumped 65 cents, or 2.4 percent, to $27.90. Wachovia surged $1.25, or 35 percent, to $4.85. General Electric Co., a bellwether for the U.S. economy and a company with a large financial operation, reported that its third-quarter earnings sank 22 percent. The conglomerate, one of the 30 companies that make up the Dow industrials, blamed the drop on more losses in its financing business, though earnings for the company met Wall Street projections. GE rose 19 cents, or 1 percent, to $19.20. Energy stocks fell sharply again Friday after leading the market lower Thursday. The drop in oil and tightness in credit fed investors' worries about the sector. Exxon Mobil Corp. fell $8.70, or 13 percent, to $59.30, while Chevron Corp. fell $5.21, or 8.1 percent, to $58.79. The Chicago Board Options Exchange's volatility index, known as the VIX, and often referred to as the fear index, surged above 70 early Friday, a record high. Wall Street also digested fresh economic data. The U.S. trade deficit edged down slightly in August, reflecting a drop in foreign oil from record levels. But the politically sensitive deficit with China increased as imports from that country hit an all-time high. The Russell 2000 index of smaller companies fell 19.27, or 3.86 percent, to 479.93. AP Business Writers Joe Bel Bruno and Dan Strumpf in New York contributed to this report. On the Net: New York Stock Exchange: http://www.nyse.com Nasdaq Stock Market: http://www.nasdaq.com

Federal regulators clear Wells Fargo-Wachovia deal By SARA LEPRO, AP Business Writer OCT 10 12:40PM

NEW YORK - Federal antitrust regulators on Friday cleared Wells Fargo's $11.7 billion acquisition of Wachovia Corp., capping a weeklong battle for the Charlotte, N.C.-based bank. The rapid approval comes a day after Citigroup Inc. walked away from its own efforts to buy Wachovia. Late Thursday, Citigroup broke off talks with Wells Fargo and federal regulators after the suitors failed to reach an agreement over how to split up the bank.San Francisco-based Wells Fargo & Co. said Thursday it would proceed with the purchase and plans to complete the deal by the end of the fourth quarter. The acquisition still needs the approval of Wachovia shareholders.

The Federal Trade Commission included the deal on a list of transactions released Friday that received an early termination of their antitrust reviews. Early termination refers to the completion of a review by the FTC or Justice Department before the end of a 30-day period required under antitrust law.Citigroup agreed last week to buy Wachovia's banking operations for $2.1 billion in a deal brokered by the Federal Deposit Insurance Corp. Four days later, Wells Fargo stunned Citigroup by announcing that Wachovia's board had agreed to an $11.7 billion all-stock offer. Originally, the deal was valued at $15.1 billion, or $7 a share, but Wells Fargo stock has declined since it was announced.The fight for control of Wachovia moved to both state and federal court last weekend. Citigroup charged that Wells Fargo violated an exclusivity agreement it had with Wachovia.On Monday, at the urging of federal regulators, the parties agreed to halt all legal proceedings in an effort to reach a quick resolution outside of court. The standstill, after an extension, was set to end Friday morning.While Citigroup plans to seek $60 billion in damages for breach of contract, it has decided not to challenge the Wells Fargo-Wachovia deal in court.Wachovia shares rose $1.20, or 33 percent, to $4.80 in late morning trading. Wells Fargo shares were down 21 cents to $27.04. Citigroup shares added 27 cents to $13.20.

European markets plunge again; Nikkei plummets By PAN PYLAS, Associated Press Business Writer OCT 10,08

LONDON - European stock markets slumped in early trading Friday following massive sell-offs on Wall Street and Asia as lending rates between banks continue to rise despite this week's efforts by central banks to break the logjam in credit markets.

At mid-morning London time, the FTSE 100 index of leading British shares was down 233.84, or 5.4 percent, at 4,079.96, having fallen below the 4,000 mark earlier for the first time in five years. Germany's DAX was 383.70, or 7.9 percent, at 4,503.30, and France's CAC-40 was 209.67, or 6.1 percent lower at 3,233.03.In Vienna, the stock exchange has been suspended until midday after stocks tumbled 10 percent at the opening bell, and in Russia representatives of the MICEX and RTS exchanges said they suspended regular trading until further notice under orders from financial regulators.This week's coordinated interest rate cuts by the world's central banks to thaw frozen credit markets and boost investor confidence have fallen flat as markets remain gripped by fears about the scale and depth of the likely global recession.Overall it's the fact that despite the huge fire-fighting efforts of central banks worldwide we still haven't seen any thawing of interbank lending that is going to be causing the most concern now, said Matt Buckland, a dealer at CMC Markets in London.Again the LIBOR (London Interbank Offered Rate) rate at midday will be closely watched to see if there's any signs of easing here and it's going to be this plus the next stages of government intervention..that will dominate, he added.The latest woes in Europe came after the Dow Jones index in the U.S. closed 678.91 or, 7.3 percent lower, at 8,579.19, its first close below 9,000 in five years. The slide on the Dow was partly fueled by the decision of credit-rating agency Standard & Poor's to review its rating on General Motors Corp.The Dow's seven-day decline of 20.9 percent is the largest since the seven-day plunge ending Oct. 26, 1987, when the Dow lost 23.8 percent. That sell-off included Black Monday, the Oct. 19, 1987 market crash that saw the Dow fall nearly 23 percent in a single day.

In Japan, the benchmark Nikkei 225 index in Japan 881.06 points, or 9.6 percent, to 8,276.43, its lowest closing level since May 2003. It was its biggest one-day percentage loss since the stock market crash of October 1987 and meant that the Nikkei lost nearly a quarter of its value during the week.Investors were gripped by fear, said Yutaka Miura, senior strategist at Shinko Securities in Tokyo.Finance ministers and central bankers from the Group of Seven industrialized nations are due to meet later Friday in Washington to address the financial meltdown but analysts are skeptical that they can do anything to soothe concerns about the world economy. US President George W Bush is due to make an address to the American people later in the day.I don't know what they can do. The actions of governments and central banks have had no effects, they haven't freed up credit markets and not inspired confidence in stock markets, said David Jones, chief markets strategist at IG Index.

Few places escaped the deepening gloom. In Australia, where the S&P/ASX200 plummeted a record 8.3 percent, market watchers were calling it Black Friday. Key indices in Hong Kong, Singapore, the Philippines and India were all down about 8 percent. South Korea's Kospi closed down 4.1 percent, while the Shanghai Composite Index posted a more moderate decline of 2.8 percent.And in Indonesia, authorities suspended trading indefinitely on the Jakarta Stock Exchange after they had halted trading Wednesday after the index plunged more than 10 percent.It's not just stocks that are taking a hammering. Oil prices continue to plummet and have fallen to a one-year low below $83 a barrel while currencies, especially the British pound have been sold heavily. The Japanese yen and gold remain in demand as safe-haven assets.Associated Press writers Tomoko A. Hosaka and Shino Yuasa in Tokyo, Zakki Hakim in Jakarata, Indonesia, Dikky Sinn in Hong Kong contributed to this report.

Asian markets plunge after huge Wall Street losses By TOMOKO A. HOSAKA, Associated Press Writer OCT 10,08

TOKYO - A massive sell-off on Wall Street and escalating fears of a global recession sent Asian stocks plunging Friday, with Japan's benchmark index plunging more than 10percent. Selling is unstoppable in New York and Tokyo, said Yutaka Miura, senior strategist at Shinko Securities Co. Ltd. in Tokyo. Investors were gripped by fear.

Markets in Hong Kong, Australia, South Korea, Thailand and the Philippines were all down more than 7 percent. Shanghai's index was down 3.8 percent.Indonesian authorities suspended trading indefinitely on the Jakarta Stock Exchange after they had halted trading Wednesday when the index plunged more than 21 percent over three days earlier this week.In Tokyo, the gut-wrenching drama left individual investors shellshocked.Kenji Akasaka, 69, president of a local printing company, said he had never seen it this bad in the 40 years he has traded stocks. He said he invests mainly in blue-chips including Toyota Motor Corp. and Nintendo Co.I pray before I go to bed that the Dow will recover, said Akasaka, 69, as he scanned a monitor displaying the latest market levels. I get sleepless, thinking about losses.Japan's benchmark Nikkei 225 stock average plummeted 10.3 percent to 8,217.50 in early afternoon trading and appeared headed for its second biggest one-day loss ever. The Tokyo bourse and the Osaka Securities Exchange briefly suspended some futures and options trading during the morning.The regional sell-off follow a 7.3 percent plunge in the Dow Jones industrial average Thursday to close below the 9,000-line for the first time in five years. Stocks nose-dived after a major credit-rating agency said it might cut its rating on General Motors Corp. and Ford Motor Co., further rattling investors already fretting over the impact of tight credit on the economy.The Dow's seven-day decline of 20.9 percent is the largest since the seven-day plunge ending Oct. 26, 1987, when the Dow lost 23.8 percent. That sell-off included Black Monday, the Oct. 19, 1987 market crash that saw the Dow fall nearly 23 percent in a single day.The sluggishness in the credit markets that triggered much of the heavy selling in markets around the world since mid-September appeared little changed even after a string of interest rate cuts by central banks in the U.S., Europe and Asia this week in an attempt to resuscitate lending.There's no bottom to the stock markets now, said Francis Lun, general manager at Fulbright Securities Ltd. in Hong Kong. There's no clue when it will stop.

Analysts also said there's pressing need for the U.S. to quickly implement the $700 billion plan to buy up toxic mortgage-related securities from troubled banks and financial institutions that are at the core of problem.In Japan, insolvencies in the insurance and real estate sectors accelerated the pessimism.Mid-sized Yamato Life Insurance Co. went bankrupt Friday on losses related to global stock woes, while New City Investment Corp.'s bankruptcy filing made it Japan's first real-estate investment trust to fail.Japanese Economy Minister Kaoru Yosano sought to reassure the country even as markets tumbled.We need to make sure that we don't get pulled too much by global tides, Yosano said. I hope investors Japan's makes decisions calmly based on Japan's economic fundamentals.Lucinda Chan, associate director of Macquarie Equities in Sydney, called the market moves ghastly.It is a very different and very unprecedented climate at the moment, she said. Growth is going to be a major concern in this market and that is why the Australian market is getting a very hard pinch because we are a commodity export nation.Asia's falls come as finance ministers and central bankers from the Group of Seven industrialized nations prepared to meet later Friday in Washington. Investors are not so sure that the G7 will announce effective measures to contain the global financial crisis, Miura in Tokyo said. In currencies, the dollar fell to 98.69 yen Friday afternoon Asia from 98.82 yen late Thursday. The euro stood at $1.3548 from $1.3560. Associated Press writers Shino Yuasa in Tokyo, Zakki Hakim in Jakarata, Indonesia, Dikky Sinn in Hong Kong contributed to this report.

From Times OnlineOctober 10, 2008 Bloodbath in Asian markets as Dow plummets
(AP)The Nikkei index had its biggest fall since the 1987 stock exchange crash
Jane Macartney in Beijing International crisis meeting

A seventh day of devastating falls on Wall Street triggered yet more panic in Asian markets this morning, with Tokyo facing its biggest one-day drop since the 1987 stock market crash and Singapore going into recession. The fear reverberated across Asia and the selling was brutally swift with every market dropping hard at the opening, taking the MSCI index of Asia-Pacific stocks excluding Japan down 3.5 percent to its lowest since June 2005. Oil prices fell to a new 12-month low below 84 U.S. dollars a barrel amid concerns an economic slowdown would weaken demand. Even calls by some OPEC members to cut output to shore up prices failed to instill confidence. The mood in markets took its tone from Wall Street where U.S. stocks plummeted as investors bet recent worldwide moves to try to thaw frozen credit markets would be insufficient to avert a global recession. The Dow Jones Industrial Average closed down 7.3 percent. The bloodbath quickly spread. Sydney plunged 7.0 percent, Seoul was down 7.5 percent, Shanghai lost 3.8 percent and Hong Kong plummeted 8.0 percent. Indonesia simply announced that trading would be suspended indefinitely – after initially planning to reopen the market after a suspension imposed on Wednesday – to prevent deeper panic. Oh Hyun-Soek at Samsung Securities said: It’s beyond panic. Concerns about the global economy are deepening further and there is no sign of easing in the global credit crunch.The fear was underlined with the cost of protection against defaults in Asia’s sovereign and corporate debt soaring to record highs.

Singapore shares dropped 7.3 percent at the opening with the Straits Times Index down 76.2 points at 1,971.72 – its lowest since December 2004. Southeast Asia’s largest bank, DBS Group, fell 7.6 percent after government data showed the city state was now in recession. The island’s economy shrank at a worse-than-expected annualised, seasonally adjusted rate of 6.4 percent in the third quarter after declining 5.7 percent in the previous three-month period, putting the economy into a technical recession. But the hardest fall was in the region’s biggest market. Tokyo’s Nikkei average had sunk 10.6 percent, or 974.12 points, to finish the morning session at 8,183.37. That surpasses a 9.4 percent fall earlier in the week and would be the sharpest slide since a 14.9 percent one-day plunged during the 1987 crash. Economics Minister Kaoru Yosano urged investors to reach calm judgments in the face of the tumbling markets, stressing that Japan’s regional banks were strong as a whole. Australian shares dropped to fresh three-year lows with the benchmark S&P/ASX 200 index down 259.2 points at 4,061.7, its lowest since May 2005. Losses this week alone have already reached 15 percent. Even Australia's well-capitalised banks were caught up in the downturn, being sold off sharply in line with their troubled international counterparts. Lucinda Chan, client advisor at Macquarie, said: These are massive, almost unheard of big days down. These plunges are deep and they hurt deeply. People's nerves are really at the end of their tether. The contagion factor is certainly very clear. New Zealand's benchmark NZX-50 index fell 115.6 points, or 3.9 percent, to 2,828.5. So far this year it has fallen more than 28percent. Hong Kong shares plunged 8.0 percent in early trade, falling below 15,000 points for the first time in nearly three years. The benchmark. The blue chip Hang Seng index has fallen 1,211.48 points, or 7.6 percent, to 14,731.76 minutes after trading started Friday. The index rose 3.3 percent a day before.

Asian markets lose 11pc in early trade By Shane McLeod in Tokyo
October 10, 2008 - 1:32PM Source: ABC

The share market rout has hit hard in Asia, where the region's biggest exchange in Tokyo has fallen by 11 per cent.Dramatic falls on the Tokyo exchange echoed similar trends across the region. The benchmark Nikkei index fell sharply, losing 11.4 per cent of its value in early trading, before recovering slightly. Some of Japan's largest companies have suffered big share price falls, including car maker Toyota and electronics giant Canon, with expectations profits will be hit by a global economic slump. The collapse of a listed real estate trust has also rumbled the market, with one of Japan's largest banks down 10 per cent. The rapid falls have sparked a temporary suspension of trading in shares futures, because of the size of the market decline.

Brussels scolds EU states for resisting financial regulation
ELITSA VUCHEVA 09.10.2008 @ 17:52 CET

EUOBSERVER / BRUSSELS - European Commission President Jose Manuel Barroso on Thursday (9 October) rejected accusations that Brussels has failed to act quickly to the ongoing global financial turmoil, saying it was in fact member states that showed reluctance to stronger regulatory integration at EU level.We all know that before this crisis, there was no chance of introducing more European regulation. Some of the most relevant member states in the economic and financial dimension would not ever have accepted it, Mr Barroso told a seminar organised by the Friends of Europe think-tank in Brussels.It would be completely unfair to say that the commission was the one resisting a more European approach in this area. On the contrary, the commission was asked not to do more by very relevant actors, he added, Reuters reports.Mr Barroso was responding to criticism coming from European Parliament President Hans-Gert Poettering, who at the same forum accused the EU executive for failing to respond to MEPs' calls for action in the area.The commission chief insisted that even after the financial crisis intensified and started hitting European banks in September, EU states failed to sufficiently co-ordinate actions and added that they are still unable to agree on the necessity of putting in place EU-wide financial supervision.There is not yet an agreement about the need for a co-ordinated response, for instance, on a supervisory authority, Mr Barroso said.His statements come as EU finance ministers earlier this week agreed to raise the minimum guarantee for European savers' deposits from €20,000 to €50,000.They also said all concrete rescue actions should be decided at national level – although co-ordinated with other EU states and bodies.The financial crisis is set to be among the main topics on the agenda of EU leaders meeting in Brussels next week (15 – 16 October) as well.

Commission in action

On Wednesday, Mr Barroso said he found the moves of the bloc's member states encouraging, but added he was not yet satisfied.We can and we must do more when it comes to member states co-operation, he told MEPs gathered for a plenary session in Brussels.The commission president also announced he would set up a panel of experts, headed by former IMF director Jacques De Larosiere – also a former governor of the French central bank, to look into ways of improving banking rules and make cross-border transactions more secure.Additionally, Mr Barroso said he would himself chair a permanent committee on the financial crisis within the commission that would also include economic and monetary affairs commissioner Joaquin Almunia, internal market commissioner Charlie McCreevy, and competition commissioner Neelie Kroes.Next week, the EU executive will also propose a draft law regulating credit rating agencies, which analysts say deserve part of the blame for the financial crisis.

FARRAKHAN ON OBAMA - THE MESSIAH IS SPEAKING
http://wnd.com/index.php?fa=PAGE.view&pageId=77539

WELL WE SEE THE HINDUS ARE JUST AS BAD AS ISLAM FOR MURDERING PEOPLE. WE SEE THE FRUIT OF THESE SO CALLED PEACEFUL RELIGIONS, HINDUISM AND ISLAM.

Holy war strikes India,35 Christians killed and 50,000 forced from their homes by Hindu mobs enraged at Swami's murder By Andrew Buncombe in Phulbani, Orissa Thursday, 9 October 2008 AP

As she recalled her awful story, Puspanjali Panda made no attempt to halt the tears flooding down her face. Holding her daughter close, she told how a baying Hindu mob dragged her husband – a Christian pastor – from his bed, beat him to death with stones and iron rods and then threw him into a river. She found his corpse two days later, washed up on the bank. When she went to the police, they told her to go away.

Mrs Panda and thousands of others like her are victims of the worst communal violence between Hindus and Christians that India has seen for decades. For a country that boasts of its mutual religious tolerance, the long-simmering tension that has erupted in the Kandhamal district of the state of Orissa – a nun being raped, churches being burned, at least 35 people killed and thousands forced from their villages – is both a belated wake-up call and a mounting embarrassment. The Prime Minister, Manmohan Singh, called it a national disgrace.But for Mrs Panda, sheltering in a wretched relief camp in the state capital, Bhubaneswar, it is much worse than that. The 38-year-old said she had no idea what would now happen to her and her bewildered-looking child, Mona Lisa. I do not want to go back. They have destroyed my home, she wailed. The journey to the heart of the violence follows a bone-shaking road east from Bhubaneswar to the district capital, Phulbani. It was here in late August that thousands of Hindus armed with swords, sticks and primitive guns began taking matters into their own hands after the murder of an elderly religious leader, Swami Laxmanananda Saraswati. The swami, a senior member of a right-wing Hindu organisation known as the Vishswa Hindu Parishad (VHP), had reportedly been working to prevent low-caste Hindus converting to Christianity. His followers claimed he had been murdered by local Christians, though police said there was no evidence of that. Either way, in the days that followed, groups of Hindus wrought a terrible revenge on Christian families whom they had lived alongside for decades. In addition to the deaths, 140 churches and prayer halls were attacked and up to 50,000 people forced to flee. In instances the violence appears staggering in its cruelty. Rabindranath Pradhan, now a refugee, had to watch helplessly while a 300-strong mob doused his disabled brother with petrol and set him alight. He was shouting 'Help me, Help me.' I could not help – there were so many of them, he said.

Local people are now forced to fly saffron-coloured flags outside their homes to identity themselves as Hindus and prevent attack. In the village of Pabinga a Catholic church lies in ruins, the cross pushed from the roof and the interior of the building badly damaged. Christian leaders say that families forced to flee have been told they can only return if they re-convert to Hinduism. Raphael Cheenath, the Archbishop of Cuttack and Bhubaneswar, traced the violence to the anger of upper-caste Hindus at the number of Dalits or so-called untouchables converting to Christianity. Previously, he said, the lower castes had lived the lives of slaves and now – liberated and better-educated – they represented a challenge. It incites the upper castes, he said. While conversion has been an issue, the conflict here is more complex than a religious disagreement. Many activists believe the fight is an economic dispute between two of India's poorest groups, complicated by the issue of caste and ethnicity. For decades there has been conflict over land and resources between the two groups at the bottom of India's complex social system – the indigenous people of the region officially listed as scheduled tribes (ST) and non-indigenous poor known as scheduled castes (SC). While the ST are Hindu, increasing numbers of SC have converted to Christianity to escape the misery of the caste system, for perceived economic benefit and because of the efforts of missionaries. Many politicians have accused right-wing Hindu groups of agitating tension for political reasons. Somewhat surprisingly given the number of churches that have been destroyed, the ST of Kandhamal also say their conflict with the SC communities is not a religious dispute. They too say the battle is over land and resources.

Lambahdhar Kanhari, a tribal leader, says he has received death-threats from Christians. At his house near Phulbani a guard with a pump-action shotgun stands outside. Mr Kanhari did not deny that tribal people were responsible for the flurry of attacks but said that while the recent violence had been triggered by the killing of Swami Saraswati, its roots went back decades. These SC came from outside the area. They are criminal by nature. They have taken our land, our crops, everything, he said. When the Swami was killed by the Christians some of his followers went after the killers and some of our people have been involved in the fighting.The authorities say 11 relief camps have been set up to help more than 23,000 people. The Indian government has belatedly dispatched hundreds of police and paramilitaries to Kandhamal to calm the situation. In Phulbani, there is now a 6pm-8am curfew. On a recent evening, the curfew had just been called as Asis Mishra was chaining shut the gate in front of his home. One of a tiny number of Christians in Phulbani still daring to live in their homes, Mr Mishra had good reason to take special safety precautions.During the worst of the violence his family had fled their home and lived in a guesthouse, provided with food and money by Hindu families. Mr Mishra explained that he was not a recent convert, his family having been Christians for five generations. He said he hoped the fact he was well known within the community would protect him. He tapped on his chest and said: We have been here a long time, but there is still some fear... It is always here.

Religious intolerance: The flashpoint state

* Orissa, on the Bay of Bengal, is India's ninth-largest state. It is less densely populated than its coastal neighbours but it is still home to 36 million people.

* Hindus make up 94 per cent of the population; 2 per cent are Christians. Tensions mounted in 1999, when an Australian missionary and his sons were burnt alive by a Hindu mob.

* The state has one-fifth of India's coal reserves and a third of its bauxite, but many people live in chronic poverty.

OZONE DEPLETION

ISAIAH 30:26-27
26 Moreover the light of the moon shall be as the light of the sun, and the light of the sun shall be sevenfold, as the light of seven days, in the day that the LORD bindeth up the breach of his people, and healeth the stroke of their wound.
27 Behold, the name of the LORD cometh from far, burning with his anger, and the burden thereof is heavy: his lips are full of indignation, and his tongue as a devouring fire:

MATTHEW 24:21-22,29
21 For then shall be great tribulation, such as was not since the beginning of the world to this time, no, nor ever shall be.
22 And except those days should be shortened, there should no flesh be saved: but for the elect’s sake those days shall be shortened (Daylight hours shortened)
29 Immediately after the tribulation of those days shall the sun be darkened, and the moon shall not give her light, and the stars shall fall from heaven, and the powers of the heavens shall be shaken:

REVELATION 16:7-9
7 And I heard another out of the altar say, Even so, Lord God Almighty, true and righteous are thy judgments.
8 And the fourth angel poured out his vial upon the sun; and power was given unto him to scorch men with fire.
9 And men were scorched with great heat, and blasphemed the name of God, which hath power over these plagues: and they repented not to give him glory.

MEPs endorse exploitation of Arctic resources
LEIGH PHILLIPS Today OCT 10,08 @ 09:28 CET

EUOBSERVER / BRUSSELS - The European Union must push for an international treaty governing the Arctic if the rapidly melting and delicate region is to be saved, the European Parliament urged in a resolution on Thursday (9 October) that received overwhelming cross-party support.The European Commission must begin to take a pro-active role in the Arctic - until recently a region largely ignored by the EU executive - reads the resolution, which was supported by 597 lawmakers, with 23 against and 41 abstentions.MEPs want the commission to win observer status in the Arctic Council - the international body of Arctic-bordering nations - and set up a dedicated Arctic Desk.In adopting the resolution, MEPs said they were concerned about the melting ice-cap and permafrost, rising sea levels and how the retreating ice is destroying animal habitats, not least of that of the polar bear.The chamber wants the commission to open international negotiations that would lead to the adoption of an international treaty for the protection of the Arctic. Currently, the Arctic is not governed by any specific international mechanism, as is the Antarctic under the 1993 Madrid Treaty.However, in a fudge that allowed both supporters of Arctic preservation and supporters of expanded resource extraction to support the same resolution, the chamber called on the commission to include proposals for joint working procedures for the EU and Arctic countries on both climate change and security of energy supply.

The parliament said it supports the Arctic Council in maintaining the high north as a zone of low tension, open to international research co-operation, but also to allow the full development of its potential as a future energy supplier region in a sustainable manner.Some 22 percent of the remaining undiscovered and recoverable resources left on the planet are to be found somewhere in the Arctic, including vast gas, oil and minerals, US scientists estimate.Additionally, while much of the world's fish stocks are in free-fall, those in the high north remain ripe for exploitation, believes the European Commission, which sent fisheries commissioner Joe Borg to the most recent meeting of the Nordic Council of Ministers in Ilulissat, Greenland in September.

Arctic gold rush

At the time, Mr Borg said: As the ice recedes, we are presented with a first-time opportunity to use transport routes such as the Northern Sea Route.This would translate into shorter transportation routes and greater trading possibilities, and will provide a better opportunity to draw upon the wealth of untapped natural resources in the Arctic.In mid-September, energy commissioner Andris Piebalgs declared: You cannot say [the Arctic] is a sanctuary ... otherwise, where will we get our energy from? at a Brussels debate with environmental group WWF. WWF has called the idea of drilling in the Arctic perverse, and wants a moratorium on any drilling and commercial exploitation of the region.The MEPs also said that they are concerned that the ongoing race for Arctic resources could lead to security threats for the EU.The sentiment echoes a joint EU member state-European-Commission report published in March that called on the EU to boost its civil and military capacities to respond to serious security risks, resulting from catastrophic climate change.The threat of an intensified scramble for resources in the Arctic as previously inaccessible regions open up was singled out for attention.

DANIEL 7:23-24
23 Thus he said, The fourth beast(THE EU,REVIVED ROME) shall be the fourth kingdom upon earth,(7TH WORLD EMPIRE) which shall be diverse from all kingdoms, and shall devour the whole earth, and shall tread it down, and break it in pieces.(TRADE BLOCKS)
24 And the ten horns out of this kingdom are ten kings that shall arise:(10 NATIONS) and another shall rise after them;(#11 SPAIN) and he shall be diverse from the first, and he shall subdue three kings.(BE HEAD OF 3 KINGS OR NATIONS).

Lisbon signature is solemn promise, ex-commissioner says
ANDREW WILLIS 09.10.2008 @ 17:28 CET

EUOBSERVER / CORK - National governments should stand down if they fail to ratify EU treaties Viscount Etienne Davignon said Wednesday (8 October) while speaking at a European symposium in southern Ireland. Signing the treaty is the most solemn thing that states can do. It's a commitment to the other states. The ratification process is not at will, it is an obligation, said the former industry commissioner who served in Brussels from 1977 to 1984.I find it unacceptable that a government that has committed to other governments in good faith that it would carry this [ratification] out, why then is this the only case when a government does not resign [if it fails]? It is not acceptable.The Belgian politician and businessman was the guest of honour at the symposium held in University College Cork entitled Europe: International Power.The Irish government signed the Lisbon Treaty at a formal ceremony in Lisbon last year. But an Irish referendum in June returned a No vote, putting the future of the agreement in doubt.Mr Davignon's comments will place further pressure on Irish minister for foreign affairs Micheal Martin, who on Monday told the European Parliament's constitutional affairs committee in Brussels that the Irish government would not be able to ratify the Lisbon Treaty before European parliamentary elections in June next year. As a result, only 736 MEPs can be elected to the chamber as laid out under the Nice Treaty instead of the 751 MEPs envisaged under Lisbon. This will reduce the national quota of MEPs in 12 member states, something that is likely to be highly unpopular. Mr Martin was also scheduled to speak at the Cork symposium yesterday but was unable to attend due to a cabinet meeting in Dublin, where ministers discussed Ireland's emergency budget which has been brought forward to next Tuesday. The minister is clearly anxious about Ireland's rejection of the Lisbon Treaty last June however, as evidenced by his speech which was read out in Cork by Dan Mulhall, head of the EU affairs section in the Irish Department of Foreign Affairs.

Illusion exposed

As the ratification process has continued in other member states, the illusion propagated by those who suggested that an Irish No would result in the entire treaty being subject to renegotiation as been exposed, said Mr Mulhall.For the first time in its history as a member of the union, Ireland risks finding itself at the wrong side of a 26 to 1 split within the union, and that is not where we belong, he continued.Mr Mulhall said Ireland's influence when negotiating the EU budget and the future of the Common Agricultural Policy would be reduced and that potential foreign investors may now be having some doubts.

No Croatian solution

Questioned by the EUobserver, Mr Mulhall said he did not imagine components of the Lisbon Treaty would be inserted into a Croatian accession treaty that could be signed as soon as next year.By the end of this year, it's likely that 26 countries could have signed up to the Lisbon Treaty. In that context I'm not sure that the idea of putting certain elements into the Croatian treaty would really be that attractive.A number of academics amongst others have suggested that this might be a possible method of salvaging certain components of the Lisbon Treaty.

No prolonged mandate for Barroso, MEPs warn
LUCIA KUBOSOVA 09.10.2008 @ 17:41 CET

EUOBSERVER / BRUSSELS - If the Lisbon Treaty is not in place by June 2009, member states should keep their word on slimming down the European Commission, centre-right MEPs have argued, warning that parliamentarians would be reluctant to support a prolonged mandate for the current team of commission President Jose Manuel Barroso.

Time is against us, Spanish conservative deputy Inigo Mendez de Vigo from the constitutional affairs committee in the European Parliament told journalists on Thursday (9 October), following this week's visit by the Irish foreign minister Micheal Martin in Brussels.Ireland was originally supposed to indicate what it wants to do about the Lisbon Treaty, a reform of the 27-strong Union that was rejected in June by Irish voters, to the heads of states and governments set to gather for a two-day summit on 15 October. But Mr Martin confirmed to MEPs on Monday (6 October) that Dublin needs time for comprehensive research and only by December does the country expect to be able... to outline the necessary steps to achieve our objective of continued full engagement in the Union.Mr de Vigo thinks, however, that it would be too late for the new institutional set-up to come into effect before the European elections in June, meaning that the pre-vote campaign would be again focused on the treaty rather than on other issues of concern for EU citizens.Moreover, it would mean that the bloc's assembly would be elected under the current Nice Treaty with a different distribution of seats - 736 instead of 751 MEPs with fewer seats for 12 member states - and less power than envisaged by the reform document. If that is the case, argued Mr de Vigo, the centre-right European People's Party (EPP-ED), the biggest parliamentary group in the 785-member legislature, would press for the rules on the composition of the EU executive also to be respected. Under the Nice Treaty, the European Council [heads of states and governments] will have to take a unanimous decision to reduce the number of commissioners. Are they ready to do that? the Spanish deputy asked rhetorically.The EPP will be against any prolongation of the mandate of the current commission. We will not accept having the Nice Treaty on the number of seats in the parliament, and the European Council not taking a decision on the reduction of the number of commissioners that is also in the Nice Treaty.Mr de Vigo hinted that some other political groups may follow suit in requiring this condition be maintained.But according to one commission official, it is widely expected in the EU executive that the national capitals will agree to keep 27 commissioners, one each per member state.

UK worries

Also present at the media briefing, a German conservative member of the constitutional committee, Elmar Brok, pointed out that the Lisbon Treaty is the last chance for Europe's major institutional reform to be adopted this decade.I believe that in the next ten years in Britain, no ratification is possible. Not anything with major changes. If we don't get this, we get nothing, Mr Brok declared.He referred to the strongly Eurosceptic positions of many in the UK's opposition Conservative party, which is expected to win the next elections in the country, due in September 2010 at the latest.If the Lisbon treaty is not ratified and on the table at the point we take office, then, of course, we would hold a referendum, the Conservative shadow foreign secretary William Hague was quoted as saying by British media last month.The reform treaty has so far been ratified by 23 member states, with German President Horst Kohler's spokesperson announcing on Wednesday (9 October) that he would give a final nod to the document after a thorough analysis with legal experts.Apart from final and unproblematic formalities expected in Poland and Sweden, the Czech Republic is the only country still waiting for the response of its constitutional court on whether the Lisbon Treaty is in line with the Czech charter. The two Conservative MEPs believe that once all other member states have ratified the reform treaty, it would be easier for Irish politicians to put it forward to the country's voters for another vote, possibly with clarifications on sensitive issues such as Ireland's neutrality or sovereignty over tax or family law decisions.

EU symbols

Separately, with the fate of the Lisbon Treaty still unclear, the European Parliament on Wednesday decided to officially recognise EU flag, anthem and motto as the symbols of the bloc's plenary.The flag, a circle of twelve golden stars on a blue background, will be now displayed in all parliament's meeting rooms and at official events. The anthem, based on the Ode to Joy from Beethoven's Ninth Symphony, will be performed at the opening ceremony following each European election and at formal sittings.The motto, United in diversity, will be reproduced on all Parliament's official documents, and the celebration of Europe Day on 9 May will be also formally recognised, says a report approved by 503 votes in favour 96 against and 15 abstentions.The symbols were first officially referred to by the European Constitution, a document rejected by French and Dutch voters in 2005 and replaced by the Lisbon Treaty, which does not mention them.

EUROPEAN UNION ARMY

DANIEL 7:23-25
23 Thus he said, The fourth beast (EU,REVIVED ROME) shall be the fourth kingdom upon earth,(7TH WORLD EMPIRE) which shall be diverse from all kingdoms, and shall devour the whole earth, and shall tread it down, and break it in pieces.(TRADING BLOCKS)
24 And the ten horns out of this kingdom are ten kings(10 NATIONS) that shall arise: and another shall rise after them;(#11 SPAIN) and he shall be diverse from the first, and he shall subdue three kings.( BE HEAD OF 3 NATIONS)
25 And he (EU PRESIDENT) shall speak great words against the most High, and shall wear out the saints of the most High, and think to change times and laws: and they shall be given into his hand until a time and times and the dividing of time.(3 1/2 YRS)

DANIEL 8:23-25
23 And in the latter time of their kingdom, when the transgressors are come to the full, a king (EU DICTATOR) of fierce countenance, and understanding dark sentences,(FROM THE OCCULT) shall stand up.
24 And his power shall be mighty, but not by his own power:(SATANS POWER) and he shall destroy wonderfully, and shall prosper, and practise, and shall destroy the mighty and the holy people.
25 And through his policy also he shall cause craft to prosper in his hand; and he shall magnify himself in his heart, and by peace shall destroy many: he shall also stand up against the Prince of princes;(JESUS) but he shall be broken without hand.

DANIEL 11:36-39
36 And the king (EU DICTATOR) shall do according to his will; and he shall exalt himself, and magnify himself above every god, and shall speak marvellous things against the God of gods, and shall prosper till the indignation be accomplished: for that that is determined shall be done.
37 Neither shall he regard the God of his fathers,(THIS EU DICTATOR IS JEWISH) nor the desire of women, nor regard any god: for he shall magnify himself above all.(CLAIM TO BE GOD)
38 But in his estate shall he honour the God of forces:(WAR) and a god whom his fathers knew not shall he honour with gold, and silver, and with precious stones, and pleasant things.
39 Thus shall he do in the most strong holds with a strange god,(DESTROY TERROR GROUPS) whom he shall acknowledge and increase with glory: and he shall cause them to rule over many,(HIS ARMY LEADERS) and shall divide the land for gain.

REVELATION 19:19
19 And I saw the beast,(EU LEADER) and the kings of the earth, and their armies, gathered together to make war against him that sat on the horse,(JESUS) and against his army.(THE RAPTURED CHRISTIANS)

Georgia should not become another Northern Cyprus, minister says
VALENTINA POP Today OCT 10,08 @ 18:04 CET

EUOBSERVER/TBILISI – Russian troops still remain in some parts of Abkhazia and South Ossetia previously controlled by the Georgian police, moves that will be brought up at the upcoming talks in Geneva, minister for re-integration Temuri Yakobashvili told the EUObserver on Friday (10 October).On the sunny streets of Tbilisi, bordered by impressive plane trees, life seems back to normal after the conflict. It looks normal, but it's not quite the same, a teenager says when asked about the daily life in the aftermath of the Russian war. The scars are still fresh and visible. Buses still carry English-speaking banners with Stop the Russian aggression on Georgia, while some bookshops have posters in their windows with the word F--- under Putin's image.Meanwhile, in Gori, French foreign minister Bernard Kouchner said at a press conference on Friday that Russian troops have partly withdrawn from the outposts outside the two breakaway regions of South Ossetia and Abkhazia, in line with the 10 October deadline contained within the ceasefire agreement, AFP and Reuters report.

The representative of the French EU presidency who brokered the agreement also stressed that the Russians need to withdraw to the positions they held prior to 7 August, including the Akhalgori district in South Ossetia, which used to be under Georgian control before the war.Russia should not be granted the feeling that they fulfilled their obligations, minister for re-integration Temuri Yakobashvili said in an interview with the EUObserver on Friday, ahead of a meeting with Mr Kouchner in Batumi.Apart from the Akhalgori district, which was never under control of the secessionists, Russians also occupied the Kodori corridor in Abkhazia and other parts previously under Georgian control, the minister said.We see now the attempts from Russia to fulfill their obligations by some percentage. This should not be tolerated and especially France should not give them a green light on that, Mr Yakobashvili said.Concerning the upcoming Geneva talks, the minister said: War criminals should not be invited to those kind of talks, referring to the political leadership of the two secessionist regions. Yet he agreed that there should be discussions with representatives of the communities from both sides. The status of the regions is not negotiable, Mr Yakobashvili said.These talks should not be dedicated to interpretations of the agreement, but to the occupation of Georgia, repatriation of refugees and creating durable security conditions for the stability of the Caucasus, he added.The EU observer mission in Georgia (EUMM) is a good start, according to the minister, though its mission should not be indefinite, but measured against benchmarks. We are not going to transform the current situation into a Northern Cyprus. Russia is an occupier and should be treated as such at an international level, he stressed.

Northern Cyprus declared its independence in 1983, nine years after a Greek Cypriot coup attempting to annex the island for Greece triggered an invasion by Turkey. The de facto independent republic has received diplomatic recognition only from Turkey, and the conflict has still not been resolved even with the rest of the island joining the EU in 2004.On the recognition of Abkhazia and South Ossetia, Mr Yakobashvili stressed that Russia is the only country to have done so, while the Nicaraguan president only verbally did the same he noted, with no formal recognition being voted by the central American country's parliament.

Georgia at a crossroad

Speaking at the opening of the European Resource Bank, a gathering of free-market think tanks, on Thursday evening in Tbilisi, the 37-year-old Georgian prime minister, Lado Gurgenidze, talked of the dilemma Georgia faces today.Georgia is at a crossroads – if it continues as a young liberal democracy or turn into something fundamentally different, obviously less European, weighed down by its Soviet past, with its Euro-Atlantic aspirations crushed by brutal external force, he said.This is the dilemma we face today, Mr Gurgenidze added.With Russian-Georgian relations still in a deep diplomatic freeze, Mr Yakobashvili told the EUobserver that first contacts will be re-established at the Geneva talks next week. However, in the informal atmosphere of the European Resource Bank opening, Prime Minister Gurgenidze did have a brief chat with a former advisor to Vladimir Putin, Andrei Illarionov, now a staunch critic of his former boss.

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 have consulted together with one consent: they are confederate against thee:(TREATIES)
6 The tabernacles of Edom,and the Ishmaelites;(ARABS) of Moab, and the Hagarenes;
7 Gebal, and Ammon,(JORDAN) and Amalek;(SYRIA) the Philistines (PALESTINIANS) with the inhabitants of Tyre;(LEBANON)

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.

Russia only partly fulfils Georgia ceasefire: France By Margarita Antidze
OCT 10,08

GORI, Georgia (Reuters) - Russia has not fully complied with the terms of a ceasefire in Georgia, France's foreign minister said on Friday, casting fresh doubt on whether frozen EU-Russia partnership talks will resume soon. Russian soldiers and tanks pushed into Georgia's breakaway regions of Abkhazia and South Ossetia, and adjacent buffer zones, as part of a massive counter-strike in August to crush an attempt by Georgian forces to retake South Ossetia.Moscow pulled out of the buffer zones this week, before an October 10 deadline set out in the French-brokered ceasefire. But Georgia says the Kremlin has not fully complied because Russian soldiers remain in the two separatist regions.Asked in the Georgian town of Gori, near South Ossetia, if Russia had honored the ceasefire deal, French Foreign Minister Bernard Kouchner told reporters: I think so, but partly.This is not complete. This is not perfect. It's just the beginning. This is not the end, Kouchner, whose country holds the European Union's rotating presidency, said in a tent camp for Georgians displaced by the fighting.After a tour of the buffer zone vacated this week by Russian forces -- where human rights groups say hundreds of ethnic Georgian homes were wrecked after the ceasefire came into force -- Kouchner took a swipe at the Russian military.It's always very sad to see houses destroyed and people coming back and discovering their belongings in desperate state, said Kouchner, speaking in English. It was not a good march of the Russian army. Not at all.

EU DIFFERENCES

In a statement released in Brussels, EU foreign policy chief Javier Solana confirmed Russian forces had withdrawn from areas outside Abkhazia and South Ossetia.This withdrawal will, we hope, allow internally displaced people to return to their homes and contribute to the normalization of living conditions, he said.Russian President Dmitry Medvedev said his country had done everything in its power to comply with the ceasefire. I believe in this respect everything is developing all right, he told reporters at a regional summit in Kyrgyzstan.EU foreign ministers could decide next week whether to restart talks on a strategic partnership treaty with Russia that the 27-member bloc has put on hold until it is satisfied Russia has complied with the ceasefire deal.Kouchner said he did not know if this would happen and pointed to differences among EU members. Some are not in agreement. There are people supporting Russia, and there are people fighting against Russia, he said.Kouchner and EU observers will present the findings of his trip at a meeting of foreign ministers on Monday which will prepare a possible decision two days later by European leaders to restart the talks.Moscow says it will keep a total of 7,600 troops in Abkhazia and South Ossetia, which it has recognized as independent states, to protect them from further Georgia aggression.The Kremlin said it was morally obliged to enter Georgia to prevent what it called a genocide by Georgian forces.Western states said its response was disproportionate, but analysts say the European Union's reaction has been tempered because Russia supplies a quarter of Europe's gas and is a major trade and investment partner.Diplomats in Brussels said some EU members, including Britain, Poland and the Baltic nations, favor waiting a while before resuming the partnership talks with Russia. Giving the green light is a very important moment in terms of the signal to Russia about how we feel about how things have ended up, said one EU diplomat.

Spacecraft moved to launch pad ahead of ISS flight By PETER LEONARD, Associated Press Writer Fri Oct 10, 9:17 AM ET

BAIKONUR, Kazakhstan - Friends and family of the world's next space tourist — including his astronaut father — watched Friday as the rocket for the voyage was placed on a launch pad in Kazakhstan for its weekend takeoff to the International Space Station. The Soyuz TMA-13 spacecraft, mounted on a three-stage rocket, traveled at daybreak for 3 miles by railroad from an assembly hangar to the Baikonur launch area.On Sunday it blasts off with American software millionaire Richard Garriott on board. Garriott paid $30 million dollars to travel to the International Space Station, where he will spend about 10 days taking photographs and conducting a range of medical and physical experiments.Also on the flight will be U.S. astronaut Michael Fincke and Russian cosmonaut Yuri Lonchakov.Launch preparations were going well, International Space Station Program deputy manager Kirk Shireman said Friday.

It has been very efficient and very quick. It's a system and a process that has worked tremendously successfully over the years, he said. We're looking forward to a successful launch on Sunday.The rocket's installation at the launch pad was watched by dozens of friends, colleagues and family members, including Garriott's father, Owen, a two-time space traveler who took extensive photographs of the Earth's surface during his stay on the U.S. orbital station Skylab in 1973.Garriott is a board member and investor in Space Adventures, Ltd., a U.S.-based company that has organized flights aboard Russian craft for five other millionaires including the first paying space tourist, California businessman Dennis Tito, in 2001.He plans to carry out experiments during his voyage, including one involving protein crystal growth, on behalf of companies that he says have footed a meaningful percentage of the bill.He has also said he would take photos to record how the Earth's surface has changed in the 35 years since his father's voyage.

The launch is scheduled for 3:01 a.m. EDT Sunday.

Garriott returns to Earth later this month with Russian cosmonaut Yuri Volkov, who has been at the space station since April.Volkov also has followed his father, a decorated cosmonaut from the Soviet era, in traveling to space. But Garriott was unable to do so as an astronaut due to poor eyesight.

ROUSTABOUT THURSDAY

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.

Tropical Storm Odile forms in Pacific Ocean Thu Oct 9, 5:02 AM ET

MIAMI - The National Hurricane Center says Tropical Storm Odile has formed in the Pacific Ocean. Meanwhile, Hurricane Norbert has weakened to a Category 3 hurricane as it lumbers on a path expected to take it to Mexico's southern Baja California peninsula over the weekend.Odile, the 15th named storm of the Eastern Pacific hurricane season, has maximum sustained winds near 40 mph (65 kph). But the storm is expected to strengthen.Odile is centered about 315 miles (505 kilometers) southeast of Puerto Angel, Mexico. Forecasters expect Odile's center to head northwest, moving parallel to Mexico's Pacific coast but offshore.Northwest of Odile, Hurricane Norbert's winds have decreased slightly to 125 mph (205 kph), but forecasters say it remains a dangerous storm.

Norbert becomes Category 4 hurricane in Pacific By JULIE WATSON, Associated Press Writer Wed Oct 8, 11:58 PM ET

CIUDAD OBREGON, Mexico - Hurricane Norbert strengthened Wednesday into an extremely powerful Category 4 storm off Mexico's Pacific coast and was on track to hit the southern Baja California peninsula over the weekend. The U.S. National Hurricane Center said Norbert will likely turn toward the northeast over the next two days en route to the Baja peninsula and Mexican mainland. Officials across the region were setting up shelters and preparing for possible evacuations from low-lying regions.

In Ciudad Obregon, across the Sea of Cortez from Baja California, farmers were rushing to finish fertilizing their fields before the hurricane hit. At the Fiesta Inn hotel, workers were sealing wood decks to prepare for the heavy rains.The storm had maximum sustained winds near 135 mph and was moving west-northwest at near 9 mph late Wednesday, the hurricane center said. It was expected to reach a relatively unpopulated stretch of coast well north of Cabo San Lucas before dawn Saturday.

Norbert was centered about 420 miles south of the southern tip Baja California on Wednesday night.Baja residents were waiting to see what the storm would do before preparing.Everything is very calm right now. Only a sporadic shower or two, said Elizabeth Guillien, manager of Hotel Conquistador in Ciudad Constitucion, a town in the southern peninsula.Norbert is the seventh hurricane of the east Pacific season.

Further south, a tropical depression formed Wednesday off Central America's Pacific coast, near the El Salvador-Nicaragua border. Maximum sustained winds were near 35 mph.The depression was dumping rain across Central America as it headed toward Mexico's southern coastline. Forecasters warned it could cause mudslides.And in Mexico's Gulf coast, Tropical Storm Marco was a rain shower Wednesday after slamming into land with near hurricane-force winds and leaving flooding in its wake.

CNN NEWS VIDEO
http://edition.cnn.com/video/

YAHOO NEWS VIDEO
http://news.yahoo.com/video

MIDEAST CONFLICT NEWS
http://news.yahoo.com/video/1874;_ylt=A0wNcxFdg6xIgbkAwD6z174F

ABC NEWS VIDEO
http://news.yahoo.com/video/2461

FOX NEWS VIDEO
http://news.yahoo.com/video/3074

FOX BUSINESS VIDEO
http://news.yahoo.com/video/3045

AP NEWS VIDEO
http://news.yahoo.com/video/2529

BBC NEWS VIDEO
http://news.yahoo.com/video/2918

REUTERS VIDEO NEWS
http://news.yahoo.com/video/2704

AFP NEWS VIDEO
http://news.yahoo.com/video/3091

CNBC NEWS VIDEO
http://news.yahoo.com/video/3245

HOARDING OF GOLD AND SILVER

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, 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/

PSALMS 39:6
6 Surely every man walketh in a vain shew: surely they are disquieted in vain: he heapeth up riches, and knoweth not who shall gather them.

HALF HOUR DOW RESULTS THU OCT 09,2008

09:30 AM +97.89
10:00 AM +52.49
10:30 AM -30.58
11:00 AM -94.78
11:30 AM -121.94
12:00 PM -80.68
12:30 PM -65.31
01:00 PM -86.86
01:30 PM -13.84
02:00 PM -91.19
02:30 PM -150.69
03:00 PM -205.74
03:30 PM -389.47
04:00 PM -678.91 8579.19

S&P 500 909.92 -75.02

NAS 1645.12 -95.21

GOLD 919.8 +13.3

OIL 84.69 -4.26

TSE 300 -456.13 9,600.18

CDNX -30.97 1,041.67

S&P/TSX 60 -31.51 579.93

Dow drops below 8600 points.
Dow drops below 9000 points.
Dow drops for 7th straight day.
Dow drops from 250 points to 650 points in last hour.
Crude down 4%.
GM down almost 31%. down to 5.00 lowest since 1950.
S&P puts GM on down watch, credit watch negitive.
S&P drops 42% from all-tim high one year ago today.
Dow falls 37% from all-time high one year ago today.
Nasdaq down 5.5% today.
Dow falls 7.2% today. 675 points.
Stocks fall to 5 year lows.
volume in the last hour 1.75 billion shares traded.
Dow falls from 577 at close to 678.91.
Dow falls to below 9000, 10000 2 days ago, 11000 9 days ago.

WHAT AILS US

-Concerns about wider losses.
-capital raising.
-longer term problem:no E in P/E

S&P 500 PRICE 975 POINTS

Earnings EST. 2009: $75, 975/$75 = 13X EARNINGS.
AVERAGE: 15X EARNINGS. But $75 earnings way to high.
ASSUME $60 earnings: To get 13X EARNINGS (CHEAP)
S&P has to go to 800 points. 800/$60 = 13.3X EARNINGS.

Traders try to get rid of the stocks because of redemptions and margine calls.

3PM DISASTER HOUR. THE ISSUES.
1 - Forced selling, redemptions the source of late-day selling.
2 - Contining uncertainty in credit markets.
3 - How to determine earnings with credit uncertainty.
4 - Financials: concerns about wider losses, Capital raises.

DAVID ICKE ON THE GLOBAL ECONOMY
http://britanniaradio.blogspot.com/2008/10/alex-jones-prisonplanettv-broadcast.html

Treasury may capitalize banks by end of October: source By Karey Wutkowski
OCT 9,08

WASHINGTON (Reuters) - The U.S. Treasury Department plans to start directly injecting capital in U.S. banks as soon as the end of October in exchange for passive investment stakes, according to a financial policy source familiar with Treasury Secretary Henry Paulson's thinking. Using authority granted to it by last week's $700 billion market rescue legislation, Treasury would get common or preferred shares in the banks it capitalizes, the source told Reuters on Thursday. The government does not intend to seek seats on companies' board of directors in the voluntary capitalization program.White House spokeswoman Dana Perino said later on Thursday that Paulson is actively considering capital injections into troubled U.S. banks.Secretary Paulson is looking at all the different tools to figure out which ones should be used at what time and how robustly and how much money to put into each, she said.A Treasury spokesperson declined to comment in detail but said: Treasury has broad, flexible authorities under the financial rescue legislation to buy assets, provide guarantees and inject capital and intends to consider all of them.If the U.S. Treasury does inject capital into banks, it would be following the playbook of the British government, which on Wednesday pledged up to $87 billion to shore up banks' capital in exchange for preference shares.The source familiar with Paulson's thinking said Treasury was working extremely fast to put together a capital injection plan.The effect of injecting capital would be to boost banks' capacity to lend, thus complementing the bailout bill's objective of removing soured mortgage-backed assets weighing on banks' balance sheets.

Some critics of the proposals for buying soured mortgage-related products have said the process would take so long that it would reduce its efficiency, whereas a capital injection through share purchases would immediately put more cash for lending into the banking system.The question may be whether banks are willing to accept the government as a stakeholder in return for the new capital.The source said the injections would likely be made public, possibly inducing some reluctance among bankers to use it for fear that they would be identified as vulnerable institutions.

In addition, it was unclear whether a bank that wanted to participate would have to agree to conditions like limits on executive pay and an end to golden parachutes, or rich pay packets for departing executives.While public fury remains high at what is perceived as excessive pay for financial firms, corporations are generally reluctant to cede control over compensation levels, perhaps especially so to the government.

Paulson made clear on Wednesday that he interprets the authority granted by the financial rescue package as sweeping and that he intends to make full use of it. He said most attention has focused on Treasury plans to buy distressed securities from banks but made clear that wasn't the extent of his new authorities.We will use all of the tools we've been given to maximum effectiveness, including strengthening the capitalization of financial institutions of every size, he said.(Additional reporting by Andy Sullivan and Glenn Somerville; Editing by Leslie Adler)

Dow industrials fall over 600 points, below 9,000 By TIM PARADIS, AP Business Writer OCT 9,08

NEW YORK - Stocks have stepped up their selling in the final hour of trading. The Dow Jones industrial average is off more than 600 points, dropping below the 9,000 mark for the first time in five years. Financial, energy and health care stocks led the decline Thursday. General Motors Corp. led the Dow lower, falling nearly 30 percent.The Dow is down 645.62, or 6.97 percent, to 8,612.48. The blue chips hadn't fallen below the 9,000 level since Aug. 6, 2003.

UK calls for EU-wide rescue plan
LEIGH PHILLIPS Today OCT 9,08 @ 09:29 CET

In a sharp about face, UK Prime Minister Gordon has written to EU leaders encouraging the creation of a Europe-wide funding plan to tackle the worsening financial crisis.As recently as last week, Mr Brown said his country was opposed to any EU-wide rescue package.Writing to French President Nicholas Sarkozy on Wednesday (8 October), the British leader gave details on the UK's own £500 billion (€630 billion) plan announced yesterday morning and added that a concerted international approach was needed. The letter was also copied to other EU government leaders.

Speaking to reporters after announcing the UK plan, Mr Brown said he had also spoken to the French leader.We have invited other European countries to consider proposals we have put to them this morning on medium term funding and are in active consultation about how we can adopt a European-wide funding plan, he said.The UK plan that part-nationalises the country's banking sector will deploy £50 billion to buy preference shares in banks, £200 billion in short-term loans and an additional £250 billion to guarantee loans between banks.Meanwhile, Mr Sarkozy, whose country currently chairs the bloc's six-month rotating presidency, has suggested fresh EU actions will soon be taken.France and the European presidency are working on this global, co-ordinated response and in the hours ahead we will have concrete results, he said during a conference in the southeast of the country.The French president gave no details on the response and also seemed to suggest that the Brown plan was not a model for EU-wide planning, saying the UK bail-out was perfectly adapted to the situation his country is in.Separately, the French prime minister, Francois Fillon, told his country's parliament that France had set up its own fund to support banks, but that institutions would continue to be aided on an ad-hoc basis.

No Italian bank will fall

Meanwhile, Italy yesterday also passed a decree supporting the country's banks through a part-nationalisation, although no explicit amount of funds has been mentioned. Cash will be offered to banks in exchange for non-voting shares in the institutions.No Italian bank will fail. No Italian saver is at risk, Prime Minister Silvio Berlusconi said.Economy minister Giulio Tremonti however underscored that the move did not amount to a rescue fund, and, as in France, banks would be offered the money on a case-by-case basis.The Italian government also guaranteed deposits up to €103,000.Slovenia yesterday also announced extended bank guarantees. In the Balkan country's case, all private and small business savings are now protected.The Slovenian government wants to provide the same guarantees as other EU countries, therefore we will introduce unlimited state guarantee for bank deposits (of private individuals and small companies), finance minister Andrej Bajuk told reporters.

Stock market turmoil

Further to the east, Romania, Russia and Ukraine all temporarily suspended trading in their stock exchanges on Wednesday to prevent further slides in shares.Russia's bourses, the RTS and Micex were closed for two days after the former dropped 11 percent and the latter 14.4 percent ahead of the trading suspension.The Bucharest Stock Exchange in Romania halted trading after shares dropped a full 15 percent after just an hour, while in Ukraine, trading was suspended before the market opened.

Administration ponders ownership stakes in banks By MARTIN CRUTSINGER, AP Economics Writer OCT 9,08

WASHINGTON - The Bush administration is considering taking part ownership in certain U.S. banks as an option for dealing with a severe global credit crisis. An administration official, who spoke on condition of anonymity because no decision has been made, said the $700 billion rescue package passed by Congress last week allows the Treasury Department to inject fresh capital into financial institutions and get ownership shares in return.This official said all the new powers granted in the legislation were being considered as the administration seeks to deal with a serious credit crisis that has caused the biggest upheavals on Wall Street in seven decades and continues to roil global markets.Supporters of this approach, such as Sen. Charles Schumer, D-N.Y., argue that injecting fresh capital into U.S. banks who want to participate in the program would be an effective way to bolster banks' balance sheets and get them to resume lending. Taxpayers would benefit because the government would receive an equity stake in the bank in return for providing the capital.This idea would, at a minimum, complement the administration's planned approach of buying up troubled assets and may prove to be the most promising tool of all in Secretary Paulson's kit, Schumer said in a statement.A decision to inject capital directly into financial institutions in return for ownership stakes would be similar to a plan announced Wednesday by Britain.Treasury Secretary Henry Paulson told reporters that Treasury was moving quickly to implement the $700 billion rescue effort and he specifically mentioned reviewing ways to bolster the capital of banks.

We will use all the tools we've been given to maximum effectiveness, including strengthening the capitalization of financial institutions of every size, Paulson said at a Wednesday news conference.Asked whether he would try something like the British plan, Paulson said: We have a broad range of authorities and tools. ... We've emphasized the purchase of liquid assets, but we have a broad range of authorities. And I'm confident we have the authorities we need to work with going forward.The administration so far has stressed its major goal is to purchase bad loans from financial institutions.Paulson said that while the financial market turmoil has hurt the economy, the administration is moving quickly to begin the largest financial system rescue effort in history.Even with the program to buy bad assets from financial institutions, he said, some banks will fail. He also called for patience, saying the turmoil will not end quickly and significant challenges remain ahead.In an attempt to help stop the financial crisis from causing a global economic recession, the Federal Reserve and other central banks cut interest rates in a rare coordinated move Wednesday.Paulson called the coordinated rate cuts a welcome sign that central banks around the world are prepared to take the necessary steps to support the global economy during this difficult time.Paulson on Monday selected Neel Kashkari, 35, an assistant Treasury secretary, to be the interim head of the new program. In his remarks Wednesday, Paulson said the administration would move quickly to nominate someone to fill the job permanently.

Paulson said he was consulting with President Bush, congressional leaders and presidential candidates Barack Obama and John McCain before choosing someone to fill the job permanently. The post requires Senate confirmation, something Paulson predicted could occur in November.The administration has been rushing to implement the program, which cleared Congress last Friday. Paulson said it would be several weeks before the program makes its first purchases of troubled assets.U.S. and global financial markets continue to be severely strained, Paulson said at the briefing called to preview the upcoming weekend meetings of finance officials of the Group of Seven major industrial countries, the 185-nation International Monetary Fund and the World Bank. The global credit crisis was expected to be the major agenda item at those talks.

Iceland suspends stock trading, creates new bank By JANE WARDELL, AP Business Writer OCT 9,08

REYKJAVIK, Iceland - Iceland suspended trading on its stock exchange for two days and took control of the country's largest bank — the third to be placed under its protective umbrella — on Thursday as it grappled with a banking crisis that is threatening to engulf the entire country. The Nordic nation's government also used sweeping new emergency powers to create a new bank that will take over the bulk of the domestic operations of another one of its collapsed banks.The country is struggling to get a grip on the collapse of its top-heavy banking system, a situation that Prime Minister Geir H. Haarde has warned is putting Iceland at risk of national bankruptcy.Government officials announced that President Olafur Ragnar Grimsson was hospitalized Monday and Tuesday after undergoing coronary angioplasty and coronary dilation. Grimsson has been advised not to return to work for a a few days.A stock market boom in the mid-1990s supported the rapid growth of Iceland's banking sector, which came to dwarf the rest of the economy and provided financing for deals that ranged across Europe and conquered swaths of the British economy, from fashion retailers to top soccer teams..The strategy gave Iceland one of the world's highest per-capita incomes, but when liquidity markets dried up around the world, the banks struggled to refinance those heavy debts.Now Icelanders are watching helplessly as their economy implodes, causing ripples throughout Europe, where tens of thousands of people have accounts with subsidiaries of the Icelandic banks..

The OMX Nordic Exchange Iceland said that equity trading would remain halted until Monday because of unusual market conditions.The government's decision to take control of Kaupthing, the country's leading bank, which has assets and debts across the continent, means that the Financial Services Authority now has control of all three of the country's major banks. The other two, Landsbanki and Glitnir, are in receivership.The authority said the action was necessary to ensure the continued orderly operation of domestic banking and the safety of domestic deposits.It also used emergency powers, rushed in by parliament earlier this week, to hive off most of the domestic assets of Landsbanki into a separate entity to be called New Landsbanki that is fully owned by the government.The decision means that the new bank takes over all the bank's deposits in Iceland, and also the bulk of the banks assets that relate to its Icelandic operations, such as loans and other claims, it said in a statement.The decision ensures continued banking operations for Icelandic families and businesses, it added.In an attempt to curb any panic, the regulator stressed that both Kaupthing and Landsbanki were open for business as usual on Thursday and that all domestic deposits of the bank were guaranteed under Icelandic law. However, the move leaves the international operations of Landsbanki, which have already caused a diplomatic spat with Britain, open to question.British Prime Minister Gordon Brown has threatened to sue Iceland to recover the lost deposits of some 300,000 Britons who hold accounts with IceSave, the online arm of Landsbanki.

With local governments also holding accounts worth tens of millions of pounds (dollars) in Icelandic banks, the British government has also used powers under terrorism laws to freeze Landsbanki's assets until the status of the deposits is resolved.Savings bank ING Direct UK has agreed to buy more than 3 billion pounds (US$5.3 billion) of deposits held by around 180,000 British savers with Kaupthing Edge and Heritable Bank, which is owned by Landsbanki.Haarde said on Wednesday that discussions between the two countries had begun between the two countries to find a mutually satisfactory solution.Iceland's three major banks are being blamed for the financial catastrophe facing the country. A stock market boom in the mid-1990s supported the rapid growth of the country's banking sector, which now dwarfs the rest of the economy with assets at nine times annual gross domestic product of US$19 billion. The newly wealthy banking sector provided financing for a number of business deals across Europe. Kaupthing alone racked up debts of more than US$5.25 billion in five years to help fund British deals. When liquidity markets dried up around the world, they struggled to refinance those heavy debts. Haarde said on Wednesday that the banking sector had become too big as he acknowledged that it will take the tiny Nordic nation of just 320,000 people several years to recover from the current crisis. Glitnir, the country's third largest bank, said on Thursday that it had received liquidity support from the Norwegian Banks' Guarantee Fund of 5 billion Norwegian crowns (US$820,000) for its Norwegian unit. It added that the sale of the unit had begun. Glitnir's move into receivership on Wednesday was a sign that troubles at the bank were larger than the government thought when it announced less than two weeks ago that it would nationalize the bank — the switch into receivership gives Glitnir temporary protection from its debt obligations. In urgent moves to downsize the overgrown banking sector, the Financial Services Authority immediately began to restructure the bank, saying it would sell its Finnish and Swedish businesses. Similarly, Iceland's central bank had already loaned euro500 million (US$680 million) to Kaupthing earlier this week while the Swedish central bank had provided a loan of up to 5 billion crowns ($702 million). Those measures proved not to be enough in a rapidly deteriorating situation.

Traders look for direction on oil market By GEORGE JAHN, Associated Press Writer OCT 9,08

VIENNA, Austria - Oil prices looked for direction Thursday as traders weighed fears that a looming world recession will crimp demand against speculation that OPEC may cut output to keep prices from falling too far. Venezuelan President Hugo Chavez said Wednesday that some members of the Organization of Petroleum Exporting Countries want an extraordinary meeting before the group's Dec. 17 meeting in Algeria.OPEC's decision last month to cut production by 520,000 barrels a day failed to halt oil's slide.I think OPEC will definitely start to talk the market up, said Gerard Rigby, an energy analyst with Fuel First Consulting in Sydney. They'll try to keep their members to their quotas. Then if prices fall below $80, they may cut production.Light, sweet crude for November delivery was up by 10 cents at $89.05 a barrel in electronic trading on the New York Mercantile Exchange by noon in Europe. The contract overnight fell $1.11 to settle at $88.95.The U.S. Federal Reserve, along with central banks in Europe and China cut interest rates Wednesday in a bid to jump-start lending. But markets in the U.S. and Europe sank in response Wednesday. The Dow Jones industrial average lost another 2 percent, and the index has shed more than a third of its value since its all-time high set one year ago Thursday. European stocks rose on Thursday.

Traders are expecting the world to move toward recession, with the U.S. and Europe especially a concern, said Rigby. Based on the short-term trend, you could see prices approaching $80 next week.Weighing on prices was evidence of falling demand in the U.S, where crude inventories jumped by 8.1 million barrels last week while gasoline stocks surged 7.2 million barrels, the Energy Information Administration said Wednesday in its weekly inventory report.Both increases far exceeded expectations, reflecting both persistently weak demand and a recovery of Gulf Coast energy output following shutdowns prompted by Hurricane Ike last month.Overall demand for oil fell for a fifth straight week and year-on-year demand fell for a 24th straight week this year, noted trader and analyst Stephen Schork in his Schork Report. In fact last week demand ... fell to the lowest level since the week following the 9/11/2001 attacks.Demand for gasoline was also weaker, falling 5.3 percentage points over the four weeks ended Oct. 3 compared to the same period a year earlier, according to the EIA report.Crude has fallen about 40 percent since surging to an all-time record $147.27 a barrel on July 11.The bubble has burst, Rigby said. Before any real increase in prices, we need to see some good economic data from around the world, and that could be a few months.In other Nymex trading, heating oil futures were down by more than 2 pennies at $2.47 a gallon while gasoline rose by more than a cent to $2.04 a gallon. Natural gas for November delivery rose more than 3 cents to $6.77 per 1,000 cubic feet.In London, November Brent crude was up 13 cents to $84.49 a barrel on the ICE Futures exchange.
Associated Press writer Alex Kennedy contributed to this report from Singapore.

Russian stock market trading halted OCT 8,08

Russia's main stock exchange announced it was to halt trading until Friday after opening with steep losses on Wednesday.The MICEX index dropped more than 14% in the first half-hour of trading on Wednesday morning.The RTS exchange, whose index is widely considered the benchmark of Russia's markets, fell more than 11% in the first 30 minutes and suspended trading for one hour.The exchanges suffered their worst-ever one-day losses on Monday and ended on Tuesday with minor losses, in a tepid response to President Dmitry Medvedev's announcement of new measures to improve liquidity in the banking system.

ETFs Trade Through Russian Exchange Closures Written by Paul Amery
Thursday, 09 October 2008 09:12

The Russian stock exchanges, RTS and Micex, have repeatedly been closed over the last two months as the value of equities has fallen sharply. Wednesday's suspension of trading was the tenth such closure since early September. Trading was originally scheduled to resume on Friday 10 October, but in fact reopening today, 9 October.

Since September 30 2008 the Russian regulator, the Federal Service for Financial Markets (FSFM), has enforced a policy under which trading will be suspended on the Russian exchanges for no less than one hour if an index indicator deviates during the day by more than 5% in comparison to its opening value, or by more than 10% in comparison to its closing value of the previous trading day. At its closing level of 761.63 on 8 October, the RTS dollar index had declined by almost 70% from its all-time high of 2487.92, reached in May. So far in today's trading, the index has rebounded by around 10%. While trading in European Russia-focused ETFs has been affected by these repeated market closures, the suspensions of activity on the Russian exchanges have not automatically led to trading halts in the ETFs. This is because a number of leading Russian shares trade in ADR or GDR form on foreign exchanges. However both Manooj Mistry of db x-trackers and Claus Hein of Lyxor, the leading European managers of Russian equity ETFs, confirmed to IndexUniverse.com that some widening of bid-offer spreads would be inevitable during such periods of closure. In the U.S., the Market Vectors - Russia ETF (AMEX: RSX) has continued to trade as well without stoppage, as have the various BRIC (Brazil, Russia, India and China) ETFs. Of course, the Russia market is typically closed during U.S. trading hours, anyway; U.S. ETF shareholders trade based on estimates of where the markets are going, acting as an overnight price discovery mechanism for Russian shares.

Emerging market investors had been heavily overweight in Russia early in the year, with the February Merrill Lynch investor survey showing a net 73% of investors overweight in the country, and Russia topping the list of preferred emerging markets.

Russian markets climb sharply OCT 9,08

MOSCOW - Russia's battered stock markets surged after reopening Thursday, recouping some of the losses suffered early in the week when they suffered their biggest-ever one-day falls. The move higher was so steep that one exchange suspended trading twice during the day in conformance with Russian regulations requiring trading to halt temporarily if the composite index of all stocks on an exchange rises or falls by more than 5 percent.The index of selected leading stocks on the MICEX exchange, where most of Russia's trading takes place, was up 11.6 percent at 3:30 p.m. (1130 GMT) after two suspensions of up to an hour. The RTS exchange's index of leading stocks, which is widely seen as the market's economic benchmark, was up nearly 11 percent.The climb came after an ominous week in which both exchanges recorded their biggest one-day drops ever. Thursday's rise appeared to be largely in response to central banks worldwide moving to cut interest rates.This is more likely to be the beginning of the end of the crisis than the end itself, said Ovanes Oganisian, deputy head of equity research at Renaissance Capital. Steps will definitely be taken to make the financial sector more transparent and with more information on bad assets. This would restore confidence among the market players and would probably open the final stage of the crisis.Oil and gas blue chips led the growth as oil majors Lukoil and Rosneft climbed 27.1 and 21.8 percent, respectively. Natural gas company Gazprom went up 19.3 percent.Maxim Osadchiy, chief analyst at Moscow-based Antanta Pioglobal investment bank, said today's growth testifies to the market's high volatility. Markets are reacting differently to the same news, he said. There's no other word than chaos for what is happening now.Russia's once-booming stock market has suffered huge losses in recent months, with the RTS index dropping more than two-thirds since May. The market is plagued not only by reverberations from the global financial chaos, but by low prices for oil — which is the backbone of Russia's economy — and concerns in the wake of Russia's war with Georgia in August.

DANIEL 7:23-24
23 Thus he said, The fourth beast(THE EU,REVIVED ROME) shall be the fourth kingdom upon earth,(7TH WORLD EMPIRE) which shall be diverse from all kingdoms, and shall devour the whole earth, and shall tread it down, and break it in pieces.(TRADE BLOCKS)
24 And the ten horns out of this kingdom are ten kings that shall arise:(10 NATIONS) and another shall rise after them;(#11 SPAIN) and he shall be diverse from the first, and he shall subdue three kings.(BE HEAD OF 3 KINGS OR NATIONS).

EU too divided to solve frozen conflicts, Azerbaijan says
VALENTINA POP Today OCT 9,08 @ 09:25 CET

EUOBSERVER / BRUSSELS - Oil and gas-rich rich Azerbaijan, home of another frozen conflict with its neighbouring Russian ally Armenia, does not consider the EU as a feasible peace broker in the region, Azeri deputy foreign minister Araz Azimov has said.The European Union is a powerful economic and political union of states, but in terms of acting in a united way, the EU is not there yet, especially in an environment that changes rapidly. The EU it is not able to act in an instrumental way, Mr Azimov said on his expectations of possible EU involvement in finding a solution for the frozen conflict in Nagorno-Karabakh. The senior official made the comment at a conference organized in Brussels by the European Policy Center on Wednesday (8 October).The conflict between Azerbaijan and Armenia, which still occupies the Azeri region of Nagorno-Karabakh, is currently mediated by the so-called Minsk group, created by the Organization for Security and Co-operation in Europe (OSCE) in 1992 and headed by France, Russia and the United States. Other members of the Minsk group include Belarus, Germany, Italy, Portugal, the Netherlands, Sweden, Finland, Turkey as well as Armenia and Azerbaijan themselves.

In the Minsk group there is a majority of EU countries and we do take their position into account. We need the EU's influence as an international actor, but we don't think the EU is a feasible partner in the Minsk group, Mr Azimov explained.The EU's special representative to Georgia, Azerbaijan and Armenia, Peter Semneby, confirmed that the bloc remains supportive of the work of the Minsk group but didn't see as probable any change in terms of the EU joining the body as a full participant in its own right.He dismissed the idea that the EU was unable to respond forcefully and united to crisis situations however, considering that in the recent war in Georgia it proved very much able to show political will in brokering a ceasefire agreement and in quickly deploying an observer mission on the ground.Mr Semneby noted that it is the first European Security and Defence Policy (ESDP) mission deployed on former Soviet union territory, designed to stabilize the situation after an acute war.

EU role unclear

The status of the EUobservers remains unclear if Russians are to pull back by 10 October from the security zones and not granting them access into the two separatist enclaves, Azerbaijan's Mr Azimov countered.I think Russians will withdraw from the buffer zones, because they have no interest to stay. The six points [of the ceasefire agreement] will be implemented more or less, but then what will happen with South Ossetia and Abkhazia? he asked.The main lesson of 08/08 [the day Russia sent troops into Georgia, following the attempt by the Georgian military to take over control of South Ossetia] is that the stability of the region is put under a big question mark, while separatist movements are being further promoted, the Azeri diplomat said, adding that it will be important what happens in Geneva on 15 October, when diplomatic talks are scheduled on the status of the two Georgian breakaway regions, whose independence has been only recognized by Russia and Nicaragua.Mr Azimov spoke of the need for the EU to reconfigure its approach to Azerbaijan and start implementing the existing mechanisms from a 2006 energy partnership, not just talk about how important his country is for the bloc's energy security.Azerbaijan is not aiming, like Ukraine or Georgia, to become a member of the EU, but could very well imagine common areas for trade, economy, transport, he explained, as far as is procedurally possible without entering the membership discussion.

West loses influence in Caucasus

While the Azeri minister talked about his country's ability to balance between its close ally US, but also Russia and Iran, emphasising stability and political responsibility, Mustafa Aydın from the University of Ankara bluntly said that the region has dropped the whole idea of democratisation and Euro-Atlantic integration following the Russian invasion of Georgia.There is no talk of democratisation in the Caucasus any more. If authoritarianism worked in Russia, why not in the Caucasus as well? All the countries, including Turkey, have adopted a careful rhetoric towards Moscow, with 'stabilisation' being the key-word, Mr Aydin said.Vladimir Socor from the NGO the Jamestown Foundation and a long time expert on the region said the EU is by far not matching Russia in soft power in Azerbaijan and the wider region.The conflict in Georgia damaged the confidence of investors in the Caucasus energy corridor - the only direct link the EU has with the oil and gas-rich Caspian countries without passing through Russia - he explained.He talked of the need for the EU and US to subsidise pipelines such as the planned Nabucco gas pipeline, which would bring Caspian gas to the European markets.

Nabucco sweetener criticised

Mr Socor criticised the incipient idea in the outgoing Bush administration to re-route Nabucco through Armenia instead of Georgia as a sweetener for getting an agreement on Nagorno-Karabakh.Mr Azimov reassured the audience that such plans are not realistic, since a part of the project passing through Azerbaijan and Georgia to Turkey is already built.He stressed that the government in Baku still supports the project, but it shouldn't be the only one caring about Nabucco, calling on the EU to step up efforts to build the pipe.

EU-Russia treaty talks risk long delay
PHILIPPA RUNNER Today OCT 9,08 @ 09:18 CET

EUOBSERVER / BRUSSELS - Negotiations on a new EU-Russia treaty could be held up despite Russia's pull-back from Georgia buffer zones on Wednesday (8 October), with Lithuania pushing for Russian troop scale-back in South Ossetia and Abkhazia also before talks restart.[Lithuania] wants the EU to respect the agreements created by Sarkozy, an EU diplomat told EUobserver. It is hoping for the company of other new EU member states, the Nordic countries and London.Russian soldiers on Wednesday left two seven-kilometre-wide strips of land surrounding the Georgia breakaway regions of South Ossetia and Abkhazia, in compliance with a peace deal between Russia and Georgia brokered by French President Nicolas Sarkozy on 8 September. But Lithuania wants Russia to also respect the earlier Moscow-Tbilisi-Paris peace accord of 12 August, under which Russian armed forces will be pulled back to the line preceding the start of hostilities.Russia kept around 2,500 soldiers in South Ossetia and Abkhazia prior to the conflict. But it has since pledged to station 7,600 troops in the two territories for an indefinite period of time and recognised the rebel enclaves as independent states.The prospect of restarting negotiations on a new EU-Russia partnership agreement will come up for debate at an EU foreign ministers meeting on 13 October and the EU summit two days later.EU leaders froze the partnership talks on 1 September in a mini-sanction against Russia's invasion of Georgia. The EU is also awaiting a comprehensive audit of EU-Russia relations ahead of an EU-Russia summit in November.But Lithuania's hard line on fulfilling the 12 August peace accord runs counter to expectations in Paris and Moscow.French Prime Minister Francois Fillon and Russian ambassador to the EU Vladimir Chizhov in recent weeks both said they think EU-Russia negotiations will resume in October, without making reference to troop levels inside the rebel-held zones.

President Sarkozy speaking at a think-tank event in Evian, France, on Wednesday welcomed the Russian buffer zone withdrawal, saying President Medvedev had kept his word.The French leader also implied that the partial Russian pull-back constitutes full compliance with EU demands. The full implementation of the accords of August 12 and September 8 ... paves the way for the resumption of negotiations on an ambitious framework agreement, both in terms of the scope and intensity of co-operation, he said, AFP reports.

WW3 THE 3 WAVES THAT MARCH TO ISRAEL

DANIEL 11:40-45
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.
44 But tidings out of the east(CHINA 2ND WAVE OF WW3) and out of the north(RUSSIA, MUSLIMS WHATS LEFT FROM WAVE 1) shall trouble him:(EU DICTATOR IN ISRAEL) therefore he shall go forth with great fury to destroy, and utterly to make away many.( 1/3RD OF EARTHS POPULATION)
45 And he shall plant the tabernacles of his palace between the seas in the glorious holy mountain; yet he shall come to his end, and none shall help him.

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

The Third and Final Wave of WW3 is when all Nations march to Jerusalem, but JESUS bodily returns to earth and destroys them,sets up his KINGDOM OF RULE FOR 1000 YEARS THEN FOREVER.

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

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

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

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

N. Korea announces it is ending its nuclear freeze By GEORGE JAHN, Associated Press Writer OCT 9,08

VIENNA, Austria - North Korea has told the International Atomic Energy Agency that it is placing all its main nuclear complex off-limits to inspectors and will stop its program of dismantling the site. The IAEA made the development public in an announcement Thursday.A senior diplomat familiar with North Korea's statement said it is the clearest indication so far that Pyongyang plans to restart its atomic program, which includes facilities to produce plutonium that can be used in a bomb. The diplomat spoke on condition of anonymity because he was not authorized to comment on the matter.The North already barred agency personnel from its plutonium-reprocessing facility at Yongbyon last month.