I WRITE NEWS ABOUT AND PUT NEWS ARTICLES ABOUT ISRAEL AND JERUSALEM PERTAINING TO BIBLE PROPHESY HAPPENINGS.JOEL 3:20 But Judah (ISRAEL) shall dwell for ever, and Jerusalem from generation to generation.(THATS ISRAEL-JERUSALEM WILL NEVER BE DESTROYED AGAIN)-WE CHRISTIANS ARE ALL WAITING PATIENTLY FOR THE PRE-TRIBULATION RAPTURE TO OCCUR.SO WE CAN GO TO JESUS AND GET OUR NEVER DYING BODIES.SO WE CAN RULE OVER CITIES OURSELVES.WHILE JESUS RULES FROM DAVIDS THRONE FOREVER IN JERUSALEM.
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Thursday, September 24, 2009
EU WILL PUSH ITS VALUES AT G-20 MEETING
IS THIS THE BARROSO THAT COMES TO THE G-20.THE EU LEADER THAT WILL DEMAND THE EU HAVE WORLD ECONOMIC DOMINANCE (picture-edodraaijer.blogspot.com)
WHICH BARROSO COMES TO THE G-20,THE CALM CHARISMATIC LEADER (picture-aftonbladet.se)
EU CALLS FOR WORLD GOVERNMENT
http://www.youtube.com/watch?v=a7D21rPpBrk&eurl=http%3A%2F%2Feuro%2Dmed%2Edk%2F%3Fp%3D1277&feature=player_embedded
http://www.youtube.com/watch?v=wFs99zBTRO0&feature=related
http://www.youtube.com/watch?v=kTfv6uOHgqQ&feature=related
http://www.youtube.com/watch?v=QVeMBNB0cII&feature=related
http://video.google.com/videoplay?docid=-4291770489472554607&ei=iaRTSrzHAoqUqQL1gMGqDw&q=EU&hl=en
http://www.youtube.com/watch?v=QVeMBNB0cII&feature=player_embedded
http://www.youtube.com/watch?v=aVmtbLc4t6M&eurl=http%3A%2F%2Feuro%2Dmed%2Edk%2F%3Fp%3D1277&feature=player_embedded
http://www.youtube.com/watch?v=Uv5cqh26CC0&eurl=http%3A%2F%2Feuro%2Dmed%2Edk%2F%3Fp%3D1277&feature=player_embedded
EXCELLENT EU REVIEW - WORLD REGIONS,GLOBAL CURRENCY
http://exposureroom.com/members/cybersilence.aspx/assets/d37a8ebc60694cc98173b8f32cfe898d/
EU-NEW SOVIET UNION
http://www.youtube.com/watch?v=bM2Ql3wOGcU&feature=player_embedded
http://www.youtube.com/watch?v=l6Cj1b-rp1E&feature=player_embedded
WORLD GOVERNMENT UNDER TREATYS-INTERNATIONAL LAW
http://en.wikipedia.org/wiki/World_government
TRANSATLANTIC POLICY
http://www.tpnonline.org/
WORLD GOVERNMENT
http://www.youtube.com/watch?v=nnq5cQMiAB8&feature=related
http://britanniaradio.blogspot.com/2009/07/we-are-already-under-global-government.html#links
DICK MORRIS-This truly creates a global economic system. From now on, don’t look to Washington for the rule making, look to Brussels.
EPHESIANS 6:10-13
10 Finally, my brethren, be strong in the Lord, and in the power of his might.
11 Put on the whole armour of God, that ye may be able to stand against the wiles of the devil.
12 For we wrestle not against flesh and blood, but against principalities,(DEMONIC ANGELS IN HIGH PLACES) against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.(SPIRTIUAL DEMONIC PERSONS)
13 Wherefore take unto you the whole armour of God, that ye may be able to withstand in the evil day, and having done all, to stand.
LUKE 4:5-7(BECAUSE SATAN OFFERS WORLD POWER, WORLD ORDERERS HAVE ACCEPTED SATANS GIFT)
5 And the devil, taking him (JESUS) up into an high mountain, shewed unto him all the kingdoms of the world in a moment of time.
6 And the devil said unto him, All this power will I give thee, and the glory of them: for that is delivered unto me; and to whomsoever I will I give it.
7 If thou therefore wilt worship me, all shall be thine.
DANIEL 7:23-25
23 Thus he said, The fourth beast shall be the fourth kingdom upon earth, which shall be diverse from all kingdoms, and shall devour the whole earth, and shall tread it down, and break it in pieces.
24 And the ten horns out of this kingdom are ten kings that shall arise: and another shall rise after them; and he shall be diverse from the first, and he shall subdue three kings.
25 And he 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.
DANIEL 12:4,1
4 But thou, O Daniel, shut up the words, and seal the book, even to the time of the end: many shall run to and fro, and knowledge shall be increased.
1 And at that time shall Michael stand up, the great prince which standeth for the children of thy people: and there shall be a time of trouble, such as never was since there was a nation even to that same time: and at that time thy people shall be delivered, every one that shall be found written in the book.
REVELATION 13:1-3,7,8,12,16-18
1 And I stood upon the sand of the sea, and saw a beast rise up out of the sea, having seven heads and ten horns, and upon his horns ten crowns, and upon his heads the name of blasphemy.
2 And the beast which I saw was like unto a leopard, and his feet were as the feet of a bear, and his mouth as the mouth of a lion: and the dragon gave him his power, and his seat, and great authority.
3 And I saw one of his heads as it were wounded to death; and his deadly wound was healed: and all the world wondered after the beast.
7 And it was given unto him to make war with the saints, and to overcome them: and power was given him over all kindreds, and tongues, and nations.
8 And all that dwell upon the earth shall worship him, whose names are not written in the book of life of the Lamb slain from the foundation of the world.
12 And he exerciseth all the power of the first beast before him, and causeth the earth and them which dwell therein to worship the first beast, whose deadly wound was healed.
16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
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.
REVELATION 17:3,7,9-10,12,18
3 So he carried me away in the spirit into the wilderness: and I saw a woman sit upon a scarlet coloured beast, full of names of blasphemy, having seven heads and ten horns.
7 And the angel said unto me, Wherefore didst thou marvel? I will tell thee the mystery of the woman, and of the beast that carrieth her, which hath the seven heads and ten horns.
9 And here is the mind which hath wisdom. The seven heads are seven mountains, on which the woman sitteth.
10 And there are seven kings: five are fallen, and one is, and the other is not yet come; and when he cometh, he must continue a short space.
12 And the ten horns which thou sawest are ten kings, which have received no kingdom as yet; but receive power as kings one hour with the beast.
18 And the woman which thou sawest is that great city, which reigneth over the kings of the earth.
We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.James Paul Warburg appearing before the Senate on 7th February 1950
Like a famous WWII Belgian General,Paul Henry Spock said in 1957:We need no commission, we have already too many. What we need is a man who is great enough to be able to keep all the people in subjection to himself and to lift us out of the economic bog into which we threaten to sink. Send us such a man. Be he a god or a devil, we will accept him.And today, sadly, the world is indeed ready for such a man.
PITTSBURGH MAYOR
http://www.cnbc.com/id/15840232?video=1274826042&play=1
G-20 VIDEO
http://www.cnbc.com/id/15840232?video=1274811530&play=1
http://www.cnbc.com/id/15840232?video=1274799334&play=1
http://www.cnbc.com/id/15840232?video=1274794454&play=1
http://www.cnbc.com/id/15840232?video=1274792755&play=1
http://www.cnbc.com/id/15840232?video=1274792785&play=1
http://www.cnbc.com/id/15840232?video=1274781297&play=1
http://www.cnbc.com/id/15840232?video=1274776494&play=1
http://www.cnbc.com/id/15840232?video=1274762380&play=1
http://www.cnbc.com/id/15840232?video=1274779724&play=1
REPORTS OBAMA SNUBS BROWN MEETING
http://www.cnbc.com/id/15840232?video=1274772121&play=1
AHMADINEJAD ON CBS INTERVIEW
http://www.cbsnews.com/video/watch/?id=5333635n&tag=mg;mostpopvideo
THE MILITARY AND POLICE IN PITTSBURGH WERE USING A HEARING WEAPON ON PROTESTERS,DEAFENING THEM WITH A LOUD NOISE AS 40 POLICE,MILITARY OFFICERS CONFRONTED THEM.LOOKOUT FOLKS IN PITTSBURGH AT THESE PROTESTS,THESE G-20 POLICE ARE IN ACTION ALLREADY.
EU President Barroso: Europe will push its values at G-20 summit By Josè Manuel Barroso – Wed Sep 23, 5:00 am ET
Brussels – The crisis that we face is not just an economic crisis. It is a crisis for the values of our societies. At the G-20 summit in Pittsburgh this week, world leaders must respond by demonstrating our commitment to a greener, more ethical, more equitable, and better-balanced world economy.This new globalization requires global governance,(GLOBAL ONE WORLD GOVERNMENT)based on universal human values and reflecting the reality of economic interdependence. The G-20 gives us the chance to shape globalization. The chance to develop a sustainable model to replace the one brought to its knees by the failure of financial markets.Europe has a lot to offer as we develop this new global architecture. For 60 years we have been a laboratory for cross-border supranational cooperation. The European model of society strives to surpass the destructive dichotomy of unregulated markets and overpowerful states.
In Europe, before each G-20 meeting, European Union leaders have publicly adopted a clear and united position. We have sought to build partnership, further cementing the ever-closer transatlantic relationship and our rapidly developing links with emerging nations.We cannot and should not seek to stop globalization. It has created enormous wealth and pulled much of the world out of poverty. Business dealings and cultural exchange have replaced isolationism and mistrust.Previous economic crises have led to rampant protectionism – and, at worst, to conflicts that have killed tens of millions. This time, in the globalized age, we are working together around the table rather than facing one another on the battlefield.There are signs that, with the right policy decisions, we can achieve gradual recovery in 2010. But the noble rhetoric of change must not revert to business as usual once immediate economic pressure relents.If recovery is to last, the G-20 must step up reforming financial markets, with zero tolerance for any return to the bad old ways.Europeans are horrified by banks – some reliant on taxpayers' money – once again paying exorbitant bonuses. In Pittsburgh, the EU will call for coordinated action to stop this, building on measures already taken in Europe and elsewhere.This is not a witch-hunt for bankers. More effective regulation is in the interests of any responsible financial sector, and prudent financial institutions must not be at the mercy of their competitors' recklessness.
On the eve of the G-20, the European Commission is pushing forward a blueprint for a European system of cross-border financial supervision. We believe that it can serve as inspiration for a global system based on similar principles.Meanwhile, we must keep our resolve. We must carry through the economic stimulus that has ensured recession has not turned to depression. Our number-one priority must be saving and creating sustainable jobs.But the G-20 must also commit to coordinated exit strategies when the time comes, to get government finances back to health. And G-20 members must take responsibility for rebalancing global growth and demand to help prevent future crises.There should be a strong role for the International Monetary Fund. We have now delivered the promise made at the London summit of $500 billion of new resources at the IMF's disposal. The EU will be providing over a third of this. The Pittsburgh meeting must put more flesh on the IMF's reinforced surveillance role.
The G-20 must also make progress on reforming IMF quotas and representation. All the world's largest economies should have a voice commensurate to their size. They must also shoulder the responsibilities that go with that.Europe will be pushing hard for significant progress in the fight against climate change. If we do not win that fight, economic progress will ultimately count for nothing. We are less than 80 days away from the Copenhagen climate change conference in December, and it is time to get serious. I am worried about the lack of ambition in the negotiations.To make progress, we need to talk figures. We have already put on the table our ideas on climate finance. Others must contribute proportionately. This is not the time to hold our cards close to our chests.Europe's message to the developing world is that if you are serious about the challenge of cutting emissions, we will be there to help. Not with a blank check, but with a fair proposal. Our message to the developed world on climate change is that we need to make a credible financial commitment to the developing world together with our own mitigation commitments. The equation is straightforward: No money, no deal. But no action, no money!We need to put in place a proper global carbon market, not as an optional extra but as a prerequisite for turning commitments into cuts in emissions.The text that is currently on the table contains 200 pages with a feast of alternatives and a forest of square brackets. Let's be clear: If we do not sort this out, it risks becoming the longest suicide note in history.The message I will bring to my fellow members of the G-20 in Pittsburgh is straightforward. We must inspire the world with our vision of a future where open markets and the freedom to create wealth are framed within clear ethical and environmental principles, backed by strongly enforced global rules. Jose Manuel Barroso is president of the European Commission, the executive branch of the European Union.2009 Voice/Global Viewpoint Network. Distributed by Tribune Media Services.
THEIR KILLING THE DOLLAR SO THEY CAN GO TO A BASKET OF CURRENCIES WHICH WILL MAKE THE US DOLLAR WORTHLESS JUST LIKE THE SCRIPTURES SAY.HERES WERE THE G-20 WILL BE THE GLOBAL ECONOMIC POLICE,THE IMF WILL BE THE BANK OF THE WORLD AND I BELIEVE THERE WILL BE A SINGLE BANK FOR EACH OF THE CONTENENTS OR REGIONS.SO WE HAVE THE G-20CALLING ALL THE ECONOMIC SHOTS WITH THE BANK OF THE WORLD THE IMF AND THE CONTINENTAL WORLD BANKS OBEYING OR BE SANCTIONED.THIS COULD EASILY THEN INFORCE A MICROCHIP IMPLANT SYSTEM ON ALL CITIZENS OF THE WORLD THAT YOU WILL NOT BE ABLE TO BUY OR SELL UNLESS YOU HAVE A MICROCHIP IMPLANTED UNDER YOUR SKIN.
Dollar under scrutiny at G20 summit
By P.Parameswaran (AFP) – SEPT 24,09
PITTSBURGH, Pennsylvania — The embattled US dollar is expected to come under scrutiny at a summit of developing and industrialized nations following China-led calls to review its role as a reserve currency.The dollar issue is bound to surface at the two-day meeting in Pittsburgh as US President Barack Obama and other leaders of the Group of 20 economies debate a new framework for tackling the so called global economic imbalances blamed for fuelling the latest financial crisis.Though not clear how the plan would be enforced, it would involve measures such as the US cutting its deficits and saving more, China reducing its reliance on exports and Europe making structural changes to boost business investment,analysts at French bank Societe Generale said in a report.Some argue that the financial crisis resulted from imbalances between savings and investment in major economies, which have led to large current deficits, as evident in the United States, and surpluses, as enjoyed by China.Beijing was the first to call for a new global currency as an alternative to the US dollar as the US deficit rocketed -- the White House estimates it could reach nine trillion dollars over a decade.
Chinese Premier Wen Jiabao expressed concern as early as March over the safety of his country's huge US bond holdings now worth more than 800 billion dollars, making it the largest creditor to the United States.Then, Chinese central bank governor Zhou Xiaochuan, who supervises more than two trillion dollars worth of dollar reserves, the world's largest, raised the stakes by calling for a new reserve currency in place of the dollar.He wanted the new reserve unit to be based on the SDR, a special drawing right created by the International Monetary Fund, drawing immediate support from Russia, Brazil and several other nations.These countries realize that they would suffer losses if inflation eroded the value of the dollar securities they own,said Richard Cooper, a professor of international economics at Harvard University.But he said there were no feasible alternatives to the US dollar as a widely used international currency, discounting even IMF's synthetic SDR currency, comprising a basket of the dollar, euro, yen and the pound.The dollar will remain the dominant world currency, thanks to the stability of our political system and the rule of law that isn't a feature of many other economies,said Irwin Stelzer, director of economic-policy studies at the Washington-based Hudson Institute.
Some groups, he said, were buying euros and other currencies from time to time,but not in amounts that threaten the dollar's primacy.Even the Chinese are stuck with nearly a trillion dollars worth of US bonds and are not likely to drive down the value of that hoard by selling large amounts of dollar-denominated assets, Stelzer said.But what is baffling analysts is that a key UN agency -- the United Nations Conference on Trade and Development, or UNCTAD -- has joined the chorus of calls for a new reserve currency.An UNCTAD report this month endorsed a proposal that IMF-issued SDRs could be used to settle international payments.Until the current global economic crisis, SDRs issued by the IMF have been used by IMF member nation states primarily as a reserve account to support international trade transactions, not as an alternative international currency available to settle international debt transactions in danger of default,said political scientist Jerome Corsi in Red Alert, a global financial newsletter.
China, meanwhile, continues to flex its muscle.
It has proposed that the G20 economies consider setting up an international wealth fund that would invest a portion of its members' current-account surpluses in developing economies.These comments reinforce their desire to diversify out of dollars and to encourage other nations to do so as well,said Kathy Lien, chief strategist for Global Forex Trading.A few Chinese deals were recently seen accepting payment in the currency of the buyer rather than in dollars, especially with Brazil, which the Asian giant is wooing as a future oil supplier.In addition, China -- the first nation to sign an agreement to buy IMF bonds -- took the unsual step of paying for the papers equivalent of 50 billion dollars with its yuan currency rather than dollars, which Beijing uses for much of its trade and other foreign transactions.
Carl Weinberg, chief economist of High Frequency Economics, said he was surprised by the move but did not see it having any major impact on the dollar.The transaction can now be clearly seen as a political move by Beijing to get more traction in the governance of the IMF, not as an effort by the PBOC (Chinese central bank) to reduce the share of dollars in its reserve asset,he said.
Dollar’s days as the world’s only reserve currency could be numbered Thursday, 24th September 2009 Dollar’s days as the world’s only reserve currency could be numbered Thursday, 24th September 2009
Economists are calling for changes, but many question whether the Chinese yuan is suitable for the job Jessica Mead-OVER the next two days, world leaders gathered at the G20 summit in Pittsburgh will attempt to address the issue of the persistent global imbalances that have been cited as a long-term cause of the recent economic downturn. Integral to this debate has been the long-standing issue of the US dollar’s hegemonic status as the world’s reserve currency – IMF data shows that nearly 65 per cent of allocated foreign exchange reserves were held in dollars in the first quarter of 2009. The dollar’s reserve currency status allowed the US government to build up its current account deficit from just $11bn back in 1998 to as much as $60bn a decade later without being under the same compulsion as other countries to undertake the necessary macroeconomic or exchange-rate adjustments to bring their deficit back under control.The dollar’s hegemony has come under fire from a number of quarters over the past year, most notably from the Chinese – themselves holding $2 trillion in FX reserves as of June 2009. Ahead of the G20 summit held in London last spring, Zhou Xiaochuan, China’s central bank governor, said the desirable goal of the international monetary system is to create an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies.
The Chinese have pointed towards using the International Monetary Fund (IMF) Special Drawing Rights (SDRs) as an alternative world reserve currency to the US dollar. SDRs were created back in 1969 as a means of supporting the Bretton Woods fixed exchange rate system. The value of an SDR is based on a basket of four key international currencies – the dollar, the euro, the yen and the pound – which can be exchanged for freely usable currencies. The third ever allocation of SDRs was approved on 7 August for SDR 161.2bn – currently equivalent to about $317bn – and which took place on 28 August to pump more liquidity into the global monetary system.Furthermore, the United Nations Conference on Trade and Development (UNCTAD) called earlier this month for a new currency to be established to protect emerging markets from the confidence game of financial speculation.But while China might be calling for a greater use of SDRs, Nouriel Roubini, professor of economics at the Stern School of Business at New York University (and the man named Doctor Death for his gloomy pronouncements before the financial crisis), says that the Chinese government is paving the way for the yuan’s ascendance. He goes further, arguing that China is in fact better placed than the US to provide a reserve currency for the 21st century thanks to its large current account surplus, focused government and the fact that it lacks many of the economic worries that have plagued the US.
Even the US Treasury’s economic and financial emissary to China, David Dollar, has argued in the past month that it makes sense for China to diversify its huge stockpile of foreign exchange reserves, saying that it is healthy to have a wide and different type of reserve currencies.While some diversification into euros and sterling has occurred over the past 10 years, the US dollar has lost very little ground. Back in 1999, countries held 71 per cent of their allocated foreign exchange reserves in dollars, and just 18 per cent of reserves in euros. Today, 26 per cent of allocated FX reserves are in euros.But while many are calling for an end to the dollar’s supremacy and for countries, especially in emerging markets, how likely is it that the dollar will be replaced a global reserve currency?
REPLACEMENT
Mark O’Sullivan, director at Currencies Direct, says that while it would be ideal to find a replacement for the US dollar, he can’t see what it would be.At the end of the day 65 per cent of the world’s commodities are still priced in dollars and until you change that dynamic, you won’t see an end to the US dollar’s reserve status,he says. Furthermore, the vast majority of international contracts and invoices between multinational companies are priced and accounted in dollars. A change to the dollar’s status would require an eventual change to this practice. O’Sullivan says that in order to see a shift in the dollar’s status, the Chinese need to come to the table and make the yuan fully convertible. The Chinese might have been complaining that the dollar is too powerful, but they need to allow central banks to hold the yuan in reserves.But while the Chinese might be hoping to diversify their foreign exchange reserves, it is going to have to be done very slowly indeed. As Richard Turner, FX sales dealer at spread betting firm IG Index points out, given that the Chinese have a trillion dollars worth of US dollars, they aren’t going to want to drive down the value of their reserves by selling large amounts of dollar-denominated assets.Even if the yuan could not become a world reserve currency, it is sometimes suggested that it could take that role in Asia, especially among countries which trade with China. Other regions could also follow suit: the Economic Community of West African States plans a common currency, although plans were recently put back until 2015.The euro is the obvious choice for EU countries, while the rouble could do the same job for Eastern Europe. In a world with many economic powerhouses, it might make sense for there to be a number of different reserve currencies. For now, the dollar is still top dog, but radical changes could be afoot.
World central banks trimming U.S. dollar infusions
Thu Sep 24, 2009 11:50am EDT 10:19am EDT By Mark Felsenthal
WASHINGTON (Reuters) - Major world central banks announced on Thursday that they planned to scale back massive injections of U.S. dollars into their banking systems as financial markets stabilize after a devastating crisis.The U.S. Federal Reserve said it would begin to scale back short-term cash auctions in early 2010, while the European Central Bank, the Swiss National Bank, and the Bank of England announced they would curtail steps taken to ensure dollar liquidity.The joint actions signaled a gradual removal of extraordinary measures central banks around the world have taken to prop up banks and financial systems during the worst period of instability since the Great Depression in the 1930s.These emergency financing programs have done their jobs to stabilize credit markets,said Alex Roever, a strategist for J.P. Morgan Securities in New York.The joint move comes as leaders of the world's 20 major economies gather in Pittsburgh, Pennsylvania to discuss the aftermath of the financial crisis.They are expected to pledge to coordinate their withdrawal of government support for economies that are beginning to stabilize after the meltdown.
Analysts said the move shows central banks see less pressure on banks for short-term cash, but should not be seen as a move to begin to withdraw the monetary policy stimulus to economies that remain fragile.This isn't part of the exit strategy per se,said Chris Rupkey, an economist for Bank of Tokyo/Mitsubishi UFJ in New York.It just recognizes that banks have less need for liquidity.The Fed said it will trim the sizes and maturity lengths of auctions, while continuing Term Auction Facility (TAF) short-term cash auctions at least through January.These schedules are consistent with the intention ... to gradually scale back these facilities in response to continued improvements in financial markets, the Fed said in a statement.
The U.S. central bank said it has adjusted the auctions to take into account anticipated heightened market pressures at year end. It said it would cut the size of 84-day auctions to $50 billion in October and $25 billion in November and December, while reducing the maturities of those auctions.It also said it will consider putting in place some type of permanent auction facility for short-term funds.The ECB said it would scale back its provision of U.S. dollar liquidity to just one-week funds. It said it would keep providing U.S. dollar funds until January, but would stop 84-day operations after the operation on October 6, although they could be restarted in the future if needed.The Bank of England announced plans to suspend its three-month dollar repurchase operations after the last one on October 6 but will continue to offer 7 day funds until January.The Swiss National Bank said it will stop 84-day dollar liquidity operations.(With additional reporting by Krista Hughes in Frankfurt, Fiona Shaikh in London, Sven Egenter in Zurich, and Ellen Freilich and Richard Leong in New York)(Reporting by Mark Felsenthal; Editing by Simon Denyer).
Japan’s Exports Confront Romantic Longing for Stronger Yen
By Jason Clenfield and Toru Fujioka
Sept. 25 (Bloomberg) -- Japan’s exporters are in danger of being left behind by a global trade recovery as the nation’s change in government ushers in a tolerance for exchange-rate gains that threaten to erode their profits. Japanese exports fell 36 percent in August from a year earlier, the Finance Ministry said yesterday, an 11th straight decline. The drop was exacerbated by the yen’s 17 percent surge against the dollar in the past year, making Japanese goods more expensive abroad and hurting the value of repatriated earnings. Japan’s currency jumped to seven-month high last week after Finance Minister Hirohisa Fujii, whose Democratic Party of Japan won elections promising to boost consumers’ purchasing power, said he didn’t support a weak yen. The comments suggested a change from the Liberal Democratic Party, which ruled for most of the past 55 years supporting the exporters that led growth. You’ve got some romantic longing that maybe a strong yen isn’t such a bad thing,said Jesper Koll, chief executive officer of hedge fund TRJ Tantallon Research Japan.It’s a nice little policy that at the margins increases the purchasing power of Mr. and Mrs. Watanabe. The problem is that whether you like it or not, you are a net exporter. A stronger yen will eat further into the profitability of corporate Japan.The currency’s gains have made it harder for Japanese exporters such as Panasonic Corp. and Toyota Motor Corp. to compete with rivals in South Korea. The Korean won has depreciated 23 percent versus the dollar in the past two years just as the yen surged 26 percent.
See the Damage
You can see the damage from the yen if you look at Japanese exports compared to Korean exports,said Richard Jerram, chief economist at Macquarie Securities Ltd. in Tokyo. Korea’s done much better over the last year and if you look at the won-yen exchange rate that tells you a lot of the reason.Record sales helped Samsung Electronics Co.’s profit climb 5.2 percent last quarter, while Panasonic suffered a net loss as revenue dropped 26 percent. Hyundai Motor Co. has taken market share away from Toyota: The South Korean carmaker’s U.S. sales dropped less than 1 percent in the first eight months of the year, while Toyota’s plunged 29 percent. We’re affected by exchange rates, there’s no doubt about it,said Paul Nolasco, a Tokyo-based spokesman at Toyota, which based its earnings estimates on the assumption that the yen will trade at an average of 92 to the dollar in the next six months. The automaker forecasts a 450 billion yen ($5 billion) net loss for the year ending March 2010.
Profit Level
The yen traded at 91.11 per dollar at 11:13 a.m. in New York, rising 0.2 percent from late yesterday. That’s stronger than the 97.33 level that Japan’s exporters say they need to ensure a profit, according to a Cabinet Office survey released April 22.Exports helped lead Japan’s economy to grow for the first time in more than a year in the second quarter, ending the country’s worst postwar recession. During the election campaign, the DPJ, led by Yukio Hatoyama, said a stronger currency would benefit households by making imported goods less expensive. The emphasis on consumers contrasted with the LDP’s focus on corporate interests, analysts said. While LDP-led governments didn’t sell the yen in the past five years, they had a history of foreign-exchange intervention combined with support for the U.S.’s strong-dollar policy. The Bank of Japan, at the behest of the Ministry of Finance, sold yen and bought dollars on more than 40 days during the first quarter of 2004.
Underlying Doubt
For the previous guys, there was an underlying doubt in the minds of the market that at some point they would intervene,said Macquarie’s Jerram.Fujii’s comments suggest the possibility is less under the DPJ.Goldman Sachs Group Inc. analysts are among those predicting the yen will decline because the Bank of Japan will refrain from raising interest rates longer than its counterparts, seeking to strengthen the recovery. Goldman Sachs forecasts it will weaken to 98 per dollar by the year-end. The yen rose to a seven-month high of 90.13 on Sept. 16 after Fujii said he doesn’t support a weak-yen policy. The 77- year-old lawmaker moderated his tone two days later, when he said foreign-exchange rates should reflect economic fundamentals. The yen’s strength is already taking a toll on some Japanese companies. Canon Inc., the country’s biggest maker of office equipment, says every 1 yen increase against the dollar will lower its second-half operating profit by 4.2 billion yen. The company based its profit forecast of 110 billion yen on the assumption the yen would average 95 to the dollar in the last six months of the business year.There are some factors that are not in our control,said Richard Berger, a Tokyo-based spokesman at the company.Changes in the exchange rate can have a serious impact on results.To contact the reporters on this story: Jason Clenfield in Tokyo at jclenfield@bloomberg.net; Toru Fujioka in Tokyo at tfujioka1@bloomberg.net
Sustained recovery hangs in the balance for G20-G20 leaders will be hoping they can mirror Pittsburgh's remarkable turnaround (Photo: Adam Sacco)ANDREW WILLIS
Today SEPT 24,09 @ 09:07 CET
EUOBSERVER / BRUSSELS – Leaders from the Group of 20 industrialised and developing nations are meeting in the US city of Pittsburgh (24-25 September), with a plethora of topics jostling for position on the agenda.The mood in the formerly depressed steel town is likely to be more upbeat than previous G20 meetings since the crisis began, when leaders were very much in financial fire-fighting mode. This time round, attention is set to focus on the need to continue economic stimulus packages in order to turn recent signs of a return to growth - seen in Germany, France, Japan and the US – into a long-term economic recovery. While most members insist a premature easing off on stimulus spending would threaten a double-dip plunge into greater recession, the new Japanese government recently signalled its intention to cut back on wasteful stimulus spending mapped out by the former administration.
Likewise constitutional requirements and the German aversion to inflation, may cause the country's leader, Angela Merkel, to start talk of easing off if re-elected this Sunday. Debate around the Pittsburgh table will also centre on how to co-ordinate exit strategies for when recovery does finally return, with EU leaders meeting in Brussels last week stressing now is the time to begin planning.The whole future of Europe's welfare societies and the whole future of our competitiveness depend on how well and how fast we can implement our exit strategies,Finland's finance minister Jyrki Katainen said this week. French President Nicolas Sarkozy told national television on Wednesday that the worst would not be behind them until unemployment levels started to fall, with the possibility that further G20 "smart stimulus" packages may be concentrated in this area.
World imbalances
The debate over how to prevent future economic imbalances – singled out by many as a key component of the economic crisis – has gained in traction in recent weeks. Economists point out that a return to global growth should not mean a return to the huge trade differences which saw surplus countries such as China and Saudi Arabia stockpile reserves, creating a glut of cheap credit that helped US consumers move further into debt.The EU insists it is trade neutral as a bloc, with Germany's large surplus counterbalanced by UK and Spanish deficits. This argument is unlikely to wash with the US however, with Germany seeking to push the emphasis back onto financial regulation in recent days.But analysts say the G20 is set to agree a new architecture to prevent the future build up of greater imbalances that have started to come down over the last year.John Kirton, director of the G20 research group in Canada, predicts Friday's statement will set out a new framework whereby countries such as China will agree to scale back on exports if they surpass an agreed threshold.In exchange for greater voting rights within the International Monetary Fund and the chance to increase stakes in foreign companies overseas, China is set to agree mechanisms that could be used to slow exports to the rest of the world, he told EUobserver.Possible mechanisms include allowing the value of the yuan to rise, thereby increasing the price-tag of Chinese exports.
Banks, bonuses
Following a Franco-German initiative, EU leaders agreed in Brussels last week on the need to clampdown on the banking culture of big bonuses.Mr Sarkozy in particular has played up to public outrage in France, while the Dutch government decided to seize the moral high-ground with a unilateral action to limit bonuses just days after a meeting of G20 finance ministers in London this month called on the Financial Stability Board to come up with a solution. The US has been reluctant to call for an out-and-out cap of executive pay, but the Federal Reserve has been raiding US bank files in recent weeks to glean information on trading positions. While this could herald a move towards ensuring pay packages are increasingly based on long-term profits, a US / EU dog-fight in this area cannot be ruled out, with Mr Sarkozy once again threatening to walk out if he does not get what he wants. Likewise serious debate in the area of increased capital for banks is expected, with EU banks concerned this will have a disproportionate effect on them.The chair of the Financial Stability Board, Mario Draghi, is expected to come forward with proposals in this area.All this pushes the important issue of climate finance further down the agenda, although an announcement in this area may be made. French talk of a carbon border tax for the EU is likely to face strong opposition from China amongst others.
G20 will become main economic council: UK's Brown
Thu Sep 24, 2009 10:37am EDT
UNITED NATIONS (Reuters) - Global leaders will institutionalize the G20 as the world's main economic governing council, British Prime Minister Gordon Brown said on Thursday.In New York for a meeting of the United Nations General Assembly before flying to Pittsburgh for the third Group of 20 leaders' summit, Brown told reporters that the body would meet regularly under a new framework from now on.What we are trying to do is to create a new system of international economic co-operation around the world,he said.It's never really happened before. We've had the G8, we've had all these organizations - we've got this one chance to make a huge success of international economic cooperation.Brown said Shriti Vadera will leave her role as business minister in the government and become an advisor to the G20 presidency, working closely with South Korea who will take over the chairmanship of the group in 2010.Her expertise in this area is such that that there is no one better to do this job.Trade minister Mervyn Davies will take over Vadera's ministerial responsibilities.
GLOBAL IMBALANCES
Brown said it was important that leaders agree they need to keep the life-support packages for their economies in place for now as the recovery was still fragile.He said he did not expect any he did not expect any discussion on the Chinese currency at this week's G20 meeting but said: We would like to see China importing more.Brown noted there were $7 trillion worth of foreign exchange reserves in the world economy which he said were not necessarily being used in a constructive way.He said he has proposed he wanted to see the International Monetary Fund come up with an insurance scheme that would lessen some countries' need to accumulate reserves so that they could use those funds to support their economies.Before flying to Pittsburgh later on Thursday, Brown will attend a meeting of the United Nations Security Council on nuclear non-proliferation.We are coming to a moment of truth with Iran,Brown said. We will be proposing fuller and tougher sanctions.Asked about reports of tension between him and U.S. President Barack Obama, Brown said the proof of their relationship is in their common goals and actions.The special relationship is strong and strengthening. And it's strengthening because there is a common purpose,he said.
The Twisted Thinking behind World Government
Jurriaan Maessen Infowars September 24, 2009
The battle for freedom is raging on all levels. Consider Glenn Beck. Here’s some rotten fruit that fell out of the apple-basket to appease conservatives. Keith Olbermann, on his side of the playing field, covers the liberal part of the paradigm. Notice how careful they are to remain inside their respective boundaries, ignoring true arguments that care nothing for isms but a great deal for freedom. As these respective characters speak directly to the big chunk of the mesmerized people, glued to the television screen, there is also a more subtle- but no less crucial- battle going on in the halls of academia.Glenn Beck: rotten fruit that fell out of the apple-basket to appease conservatives.As history exhaustively shows, any idea can be theoretically legitimized with the help of equations, calculations and otherwise cleverly devised systems of thought. But, as a famous writer once stated, cleverness is for the dwarfs. It is wisdom that is lacking from most academics and their writings, not to mention modesty and an open mind. In the beginning of the 20th century for example, eugenicists would work to legitimize their arguments with all kinds of semi-scientific serpentines. As a matter of practise it was not uncommon that a person’s skull would be measured with a ruler at birth to determine if he or she would be prone to criminal activities in later life. Although widely rejected as devious quackery, eugenics has since found new ways to sell depopulation to the masses, the most prominent of which, of course, is environmentalism as a pretext to do away with 80 percent of the world population- or so the elite state on a regular basis.
It was only a matter of time, of course, before the full weight of academia was put behind the idea of world government- as it had done so passionately for the manmade global warming contrivance not long before. A mere ideological blueprint would not suffice for its purposes. In addition, the concept of world government would have to be shrouded under a thick cloud of sparking scholarship. And University of Chicago’s Alexander Wendt was the man designated to stamp on the fire.In 2003, Wendt witch-crafted a philosophical monstrosity under the header Why a World State is Inevitable: teleology and the logic of anarchy. Carefully avoiding any moral implications clinging to his manuscript, Wendt argues the case for world government as the necessary and inevitable end result of the current merging of nation-states into ever-larger bodies of influence.(…) this article argues that a global monopoly on the legitimate use of violence- a world state- is inevitable.It is not a new concept, the idea that the large emerges from the small, rising in the steadiest of lines upward in time. This idea accommodates our most intimate fancies about time, evolution and progression. The mind, after all, tends to construct scientific parameters around the immeasurable vastness of the universe in order to encapsulate infinity. It also watches nature and then, one on one, projects it to political systems. Real science, on the other hand, does not only propose and hypothesizes, it tears down and rejects. Ideas that are held in high standing at one time are mercilessly thrown in the trashcan the next. And out of knowledge gathered, sometimes a rare Amarillo flower unfolds in the sun. Such is the way of it. But Alexander Wendt cares not for accuracy, as he pancakes hypothesis upon hypothesis to prove his position, that a world state is inevitable. But it is a false understanding, manufactured by a biased predisposition: both time and space have stunningly little regard for our fancies, phasing- as they do- in and out of our grasp as quickly as you can say fallacy. History, it seems, does not support Wendt’s argument.
After the Roman Empire had collapsed, other, smaller kingdoms emerged out of its ruins. This goes for the Greeks, the Babylonians, and almost every other system with imperial designs. The Egyptian kingdom, once a vast and powerful culture, grew to be just a shadow of its former self at the beginning of our calendar. Charlemagne established the great Frankish empire only to unwittingly lay the groundwork for the establishing of sovereign states, like Germany and France. We have only to study history in order to counter the mythology of a gradual evolution towards a one world system. There is no evidence supporting an historic, chronological pattern of progression from the small to the great. More often than not it is the other way around, for excessive power tends to provoke resistance.Without boring you with the details of Wendt’s elucidation let it suffice that Wendt invokes many of the major philosophers in order to add credibility and substance to the concept of the inevitability of a world state emerging out of the ruins of national sovereignty. After parading big names to invigorate his big idea, the author finally departs from a neo-Darwinian predisposition and the self-organizing principles included in it. In the struggle of nation-states, Wendt concludes, there can be no other outcome than the formation of a world state to settle all scores. He forgets to mention that neo-Darwinism can just as easily be applied to the idea that life organizes itself into more complexity as it evolves. But Wendt pays no heed: he raises his finger in foreboding: the greatest threat on the path to world government, he states, is national sovereignty. Wendt:Rather than go down with the ship of national sovereignty, states should try to get the best deal they can in the emerging global constitution.After identifying the main enemy to world dictatorship, he then proposes to co-opt the natural drive towards auto-determination in order to bring about his desired world state.
Nationalist struggles for recognition are by no means over, and more new states- more anarchy- may yet be created. But while further fragmentation is in one sense a step back, it is also a precondition for moving forward, since it is only when difference is recognized that a larger identity can be stable. (…) Far from suppressing nationalism, a world state will only be possible if it embraces it.
Everyone dedicated to fight the push for world dictatorship should wash their ears well with this statement. For the New World Order will pull out all the stops, including flirting with national sovereignty, courting true libertarianism and align itself with any and every grassroots movement springing up out of the soil. The anti-venom is education, education and some more education. The more people aware of the idea of world government and the devices with which it means to consolidate power, the harder it becomes for the globalists to push ahead with their plan.
WORLD TERRORISM
GENESIS 6:11-13
11 The earth also was corrupt before God, and the earth was filled with violence.(WORLD TERRORISM,MURDERS)(HAMAS IN HEBREW IS VIOLENCE)
12 And God looked upon the earth, and, behold, it was corrupt; for all flesh had corrupted his way upon the earth.
13 And God said unto Noah, The end of all flesh is come before me; for the earth is filled with violence (TERRORISM)(HAMAS) through them; and, behold, I will destroy them with the earth.
2 PETER 2:5
5 And spared not the old world, but saved Noah the eighth person, a preacher of righteousness, bringing in the flood upon the world of the ungodly;
2 PETER 3:7
7 But the heavens and the earth, which are now, by the same word are kept in store, reserved unto fire against the day of judgment and perdition of ungodly men
LEVITICUS 26:16
16 I also will do this unto you; I will even appoint over you( sudden) terror, consumption, and the burning ague, that shall consume the eyes, and cause sorrow of heart: and ye shall sow your seed in vain, for your enemies shall eat it.
GENESIS 16:11-12
11 And the angel of the LORD said unto her, Behold, thou art with child, and shalt bear a son, and shalt call his name Ishmael; because the LORD hath heard thy affliction.
12 And he will be a wild man; his hand will be against every man, and every man's hand against him; and he shall dwell in the presence of all his brethren.
ISAIAH 33:1,18-19 Woe to thee that spoilest,(destroys) and thou wast not spoiled;(destroyed) and dealest treacherously, and they dealt not treacherously with thee! when thou shalt cease to spoil,(destroy) thou shalt be spoiled;(destroyed) and when thou shalt make an end to deal treacherously, they shall deal treacherously with thee.
18 Thine heart shall meditate terror. Where is the scribe? where is the receiver? where is he that counted the towers?
19 Thou shalt not see a fierce people, a people of a deeper speech than thou canst perceive; of a stammering tongue, that thou canst not understand.
JOHN 16:2
2 They shall put you out of the synagogues: yea, the time cometh, that whosoever killeth you will think that he doeth God service.
An inside look at the NY terror case By Douglas J. Hagmann, Director SEPT 23,09 http://homelandsecurityus.com/?p=3078
The current terror warning issued by federal authorities is as real as it is dire. It is extremely important that everyone understands the current threat level, how the warnings originated, and to be on the lookout for suspicious activity. There is a real and present danger throughout North America despite the tiresome claims that such warnings are hyper-inflated or are mere distractions to the real news of the day. I will explain, hoping that the following information provides some valuable insight into this precarious situation.Before doing so, current press reports blaming NYPD, members of the Joint Terrorism Task Force, or other law enforcement officials for acting too quickly against an Afghan national and his associates must be addressed. Not only are such accusations misplaced, but malicious at their core. If there is any blame to be placed, it must be laid directly at the feet of the Islamic advocacy groups who have launched a crusade of politically correctness against law enforcement, encumbering them under the threat of legal action. It must also be placed at the feet of those government officials who have acquiesced to the very public and well-funded disinformation campaign that asserts that the loyalty of fundamental Muslims is to America rather than to their religious ideology.The terror case of Najibullah ZAZI is a visible manifestation of such inane governmental policy and is a suitable illustration of the fruits of governmental acquiescence to Islam.
Over a year’s worth of field investigation and covert surveillance of terrorist activity in the U.S., encompassing thousands of man hours and countless federal, state and local law enforcement assets was apparently compromised by a single phone call made by one man - a Queens, New York mosque leader.The reported actions of that man, in the context presented in a criminal complaint filed last week, has made New York and all cities across the US less safe today from possible terrorist attacks. That phone call tipped off a man trained by al Qaeda in explosives that he was under surveillance by investigators. As a result, it is believed that as many as 18 Islamic terrorists and their explosives remain at large - last known to be in the greater New York City area.The situation above resulted in a series of warnings issued by the FBI to law enforcement agencies across the US identifying possible methods and targets of active al Qaeda cells inside the United States. Based on information collected from raids in New York and Colorado, authorities suspect that areas populated by civilians that are not subjected to rigorous security screening, such as mass transit (e.g. buses and subways),crowded entertainment venues (e.g. stadiums and theaters),and other populated and iconic locations are high on the list of potential targets of multiple “teams” of terrorists. As a result of this multi-state investigation, these terrorists are known to exist but remain unidentified.
A taste of Kabul in America
To fully understand how serious this threat is and how it developed, a virtual trip to Queens is necessary.Recent demographics put the Afghan population in the greater New York area at approximately 20,000. Based on my own investigative and surveillance experience in Queens and the surrounding area, it seems that there are at least that many in the Flushing area in the Borough of Queens alone. It is common to see groups of young Afghani men sporting full beards and traditional Islamic attire walking to the Hazrat-I-Abubakr Sadiq mosque for daily prayers. At times, it seems that Americans are the outsiders and treated with suspicion if not outright contempt by the immigrants. Attempts to gain information about any of the Afghan nationals from within the group are exercises in futility. American values seem to have been replaced by the values and culture imported from the streets of Kabul. Tolerance of their culture is demanded, while intolerance for American culture and values is evident.Disdain for America, the elevation of Osama bin Laden to a hero’s status and support for the Taliban and the 9/11 attacks are all elements that can be easily found in this relatively small area of New York. In the week after the 9/11 attacks, the Hazrat-I-Abubakr Sadiq mosque played host to groups of supporters of the Taliban as fear of retaliation against the Taliban in Afghanistan grew within this immigrant community. Publicly, Muslim religious leaders denounced the Taliban while supporters were relegated to the basement at that location.Feuding between ethnic factions within this area became apparent in the days after the 9/11 attacks. Much like a microcosm of Afghanistan, the Tajiks were pitted against the Pashtuns, the latter group vociferously supportive of bin Laden. A power struggle continues within the Afghan community, and support for the anti-American Pashtuns faction has been re-energized by US foreign policy in Afghanistan, Iraq and the Middle East.
The growing undercurrent of support for the Taliban within the New York Afghan community is deliberately hidden from mainstream America by the pressure of political correctness exerted by various Islamic advocacy groups. While organizations such as the Council on American Relations (CAIR) claim that radical Islam is virtually non-existent or hyped by bigots and racists, the hatred of America continues to grow virtually unchecked on the streets of New York. The bullied media is misdirected or simply looks away, thereby perpetuating the illusion that radical Islam is the exception rather than the norm in the heart of little Kabul.Meanwhile, fundamental Islam is permitted to metastasize within our own society.
Case background
The origin of the latest threat to the security of the US can be traced to the very heart of this New York City community.The focus of this investigation is Najibullah ZAZI, a 24 year-old Afghan native who has been living in the US since 1999, including his years in Queens. ZAZI, now a current resident of suburban Denver, Colorado and a shuttle and limousine driver for First ABC Transportation near the Denver International Airport, has been under surveillance by investigators for well over a year.Before moving to Colorado, ZAZI lived in Queens, NY, where he operated a mobile coffee cart in Manhattan and attended the Hazrat-I-Abubakr Sadiq mosque in Flushing.In August of 2008, ZAZI left the US for a five-month visit to Pakistan. ZAZI admitted to authorities that he received extensive training in weapons and explosives at known al Qaeda training camps in the FATA (tribal) region of Pakistan.
In the months leading up to his trip to Pakistan, ZAZI ran up more than $50,000 in debt on 20 credit cards. In March of this year, less than two months after his return from Pakistan, ZAZI filed for Chapter 7 bankruptcy.In the weeks and days leading up to the eighth anniversary of the 9/11 attacks, investigators conducting surveillance of ZAZI documented a number of communications between ZAZI and others in Queens. What they heard concerned counter-terrorism officials; certain keywords and references were being used that suggested that something was in the latter stages of planning.Suddenly on Wednesday, September 9, 2009, ZAZI rented a car in Denver and drove from Denver to New York, driving over 1600 miles straight through without stopping. Upon arriving in New York, ZAZI stayed at an apartment in the Flushing area of Queens that is occupied by a half-dozen men from Afghanistan. In consideration of the suddenness of his New York trip, intelligence gleaned from recent electronic intercepts, and a confluence of events that included the 9/11 anniversary, investigators made a confidential inquiry about ZAZI with Ahmad Wais AFZALI, 37, the Imam of the Hazrat-I-Abubakr Sadiq mosque where ZAZI is known.
According to officials close to this investigation, AFZALI provided assurance to investigators of his cooperation and confidentiality with respect to simply providing basic information about ZAZI and his associates. Despite those assurances and immediately following that contact, AFZALI reportedly contacted ZAZI by telephone and warned him of surveillance, which was documented by the communications intercepted by authorities.Facing the prospect of an extended surveillance operation going bad, and considering the possibility that any plans made could be hastened by outcomes from the subject being made aware of surveillance, law enforcement officials had a decision to make. If they erred in timing, they did so with an abundance of caution. That scenario was made publicly visible by the emergency search warrants executed during the early morning hours of Monday, September 14, 2009.When confronted by officials, however, AFZALI denied that he tipped off ZAZI during the telephone call. Law enforcement officials, however, had the transcripts of the conversation from the electronic intercepts that suggested otherwise. Accordingly, authorities arrested the 37 year-old Afghani native and Imam of the Flushing, NY mosque.Following his arrest for lying to authorities, AFZALI retained the well-known high profile attorney Ron Kuby, who claims that his client’s reward for attempting to assist investigators was his arrest.
Execution of warrants
It was late Sunday evening when various members of law enforcement suited up for raids at multiple locations in Queens. It was early Monday morning when they executed the warrants on the various residential locations in Queens, including the apartment ZAZI stayed during his brief NY layover. ZAZI, meanwhile, continuing to be under surveillance, left the New York area and returned to Colorado by plane.At the apartment where ZAZI stayed in Queens, Afghani national Naiz KHAN publicly denied knowing ZAZI or for that matter, any of his other five Afghan roommate well - despite living in the same apartment and going to the same mosque.
Evidence found
Searches of ZAZI’s car and other locations found a laptop containing images of nine handwritten pages detailing the manufacture and handling of explosives, detonators and fuses.The notes were sent last December from an e-mail account reportedly used by ZAZI in Peshawar, Pakistan. Authorities also found a quantity of newly purchased backpacks and numerous cellular phones during their searches in New York.ZAZI had also taken video of the interior and exterior of Grand Central Station with his cell phone. The search of the New York apartment where he stayed turned up a black scale and several batteries - and that testing detected ZAZI’s fingerprints. Initial reports also noted that field tests for explosives turned up positive.Concurrent with those raids, authorities also searched locations in the greater Denver, Colorado area. Surveillance was also expanded to include others in New York and Colorado, as the activities of the persons of interest.Backpack bombs constructed by Muslim terrorists ripped apart four commuter trains and killed 191 people in Madrid on March 11, 2004. On July 7, 2005, bombing attacks killed 52 people in an attack on London’s subway and bus systems.
Blowback
Thanks in part to ZAZI being warned of surveillance, it can be argued that officials were forced to act prematurely.The good news is that officials indeed found evidence of a terror plot underway and disrupted the plot. The bad news is that investigators did not find the explosives, nor were all of the other suspects identified. Also, the charges against the suspected terrorists are relatively minor compared to the potential charges that could have been filed had the investigation and surveillance progressed without hindrance.There is a growing sense of frustration among some members of law enforcement over this case, and there is a sentiment that their efforts to keep Americans safe were intentionally thwarted. The situation is currently being exacerbated by those who maintain that an Islamic outreach must be allowed to exist within the law enforcement community. Based on the results of this case alone, I must ask a question of those who have exchanged our security for political correctness, how’s that working out for you? Resources: (PDF files):
Criminal complaint ( Najibullah ZAZI)Criminal complaint (Mohammed ZAZI)
Netanyahu: We will not withdraw to 1967 borders Thursday, 24 September 2009 05:43 News from Jerusalem .Prime Minister Benjamin Netanyahu
In interview with Ynet, Prime minister describes triple summit, commends Obama's speech to UN.New York - Prime Minister Benjamin Netanyahu said Wednesday he would not freeze construction in settlements before negotiations with Palestinians began. In an interview with Ynet, he also commended Obama's speech to the UN General Assembly.Is Abbas able to supply the goods you expect from negotiations, i.e, the recognition of Israel as the nation of the Jewish people? This is a question I asked him during our meeting yesterday. I told him there would be peace only if the same Palestinians asking us to recognize Palestine as the nation state of their people would recognize Israel as the nation state of the Jewish people.The end of the conflict is the end of the conflict. Abu Mazen's test will be if he wants to be Arafat or Sadat.There has been much talk of chilled relations between yourself and US President Obama during recent months. Do you feel that you became closer during the recent meeting? I think it was a very good meeting. President Obama also described it as such to the UN. In recent months there has been a warming of ties and almost daily contact between Israel and the US.How can you describe the meeting as an achievement when Obama has called for a curbing of settlement activity?
We're not celebrating but I am certainly happy. I am happy the president has removed the Palestinian demand for the setting of preconditions. There is a difference of opinion between Israel and the US on the issue of settlements, and this is nothing new, it has existed for 40 years. The US president has stressed that this is not something that should prevent negotiations, because in any case the issue will be discussed within the negotiations.Netanyahu also responded to Obama's referral to the occupation that began in 1967 and said, Obama did not say to return to the 1967 borders. He was referring to a clause that exists in the Road Map. Previous governments have not agreed to go back to the 1967 borders and certainly this one won't.And what about the differences of opinion with the Palestinians? The issue of the settlements has remained unchanged as well as those of the borders, the refugees, and Jerusalem.I am sure the Palestinians will bring up their stance and we will bring up ours. I said this at the triple meeting with Abu Mazen. There may be very difficult parts to these negotiations, but they are very important to get into.
Regarding the Iranian issue, is the Obama administration committed to the safety of Israel in light of Iran's nuclear program? I think Obama is aware and has repeated several times his commitment to the safety of Israel. The fact that he did so in Cairo, before the entire Arab world, is an indication of this commitment.Will your speech at the UN deal with the Iranian issue, and what will you say to the world? I will not go into the details of the speech, but I will say that I will be making it in English because in Hebrew we are already decided amongst ourselves. During the speech I want to talk from our hearts and souls to the nations of the world. I will speak in English because I want to be heard and understood without translation; I want things to be clear.ynet.
Yom Kippur War of 2009 Wednesday, 23 September 2009 05:16 News from Jerusalem .Today's attacks are on Israel's very legitimacy Israelis again face multiple attacks, but this time not only from bombs.
With the approach of Yom Kippur, our day of remembrance and repentance, we remember the trauma of 1973 when Egypt and Syria chose the Jewish High Holy Days to launch a surprise attack that nearly succeeded in destroying the state of Israel. That existential crisis inflicted not only massive casualties but also a wound that still reverberates in the Israeli psyche. Today, at the outset of the New Year of 5770, Israelis are once again under multiple attacks - not only from bombs and bullets, but also from diplomatic bombast and poison pill prescriptions falsely promising peace.Israel’s tribulations, which affect Jewish communities everywhere, are the product of a multi-pronged, global campaign to undermine the Jewish state’s status as a member in good standing of the international community:Diplomatic Blitz: UN interlocutor Richard Goldstone’s report on Israel’s December response to 8,000 rockets from Gaza’s Hamastan since 2005. Redefining self-defense as war crimes, Goldstone demands that the Jewish state either convict its soldiers and commanders or turn over the job to the International Court in The Hague for the crime of fighting a terrorist group that deploys its infrastructure among civilians, homes, and hospitals.
From on High - The World Council of Churches: In the WCC’s 60-year tradition of demonizing Israel, General Secretary Samuel Kobia treats Israel as the Jew among the nations, declaring Israel guilty of a sin against God for expelling no less than a million people . . . from their homes at gunpoint.On the Union Front: Britain's 6.5-million member labor federation, the Trade Union Congress, is calling for a consumer-led boycott and sanctions campaign against Israel, urging the British government to condemn the Israeli military aggression and the continuing blockade of Gaza.No mention of Hamas’ relentless terror war on innocent Israelis.Updating the Medieval Blood Libel: Sweden, currently president of the EU, steadfastly refuses to condemn the revival of the medieval blood libel by its leading daily, Aftonbladet, which falsely accuses Israeli soldiers of harvesting Palestinian organs to sell overseas.
Today attacks on Israel’s very legitimacy as a democratic Jewish state regularly reverberates in the flagship of American media. That Palestinians - and not 700,000 Jews expelled from Arab countries during and after 1948 - are the only legitimate refugees has become a staple of the New York Times’ op-ed pages. Last January that great post-Lockerbie humanitarian Muammar Gaddafi touted the One-State Solution in a piece demanding that the Jewish state commit national suicide by absorbing what the Palestinians claim are four million refugees.
Even-handed approach needed
While the goal of official US policy, reiterated by the Obama Administration, remains what President George W. Bush stated - two democratic states, Israel and Palestine, living side by side in peace and security - it’s Gaddafi’s vision that was highlighted this summer by yet another high-profile Times’ op-ed, coauthored by Robert Malley (Bill Clinton’s former special assistant for Arab-Israeli affairs), opining that The Two-State Solution Doesn’t Solve Anything.And now comes How to Put Pressure on Netanyahu,by Pierre Razoux - an anti-Israel ideologue billed a senior research adviser on Middle Eastern affairs at the NATO Defense College in Rome. Razoux is full of such constructive suggestions as US cease blocking anti-Israel resolutions in the UN Security Council, cut loan guarantees to Israel, reduce US-Israeli military cooperation, and freeze the Israelis out of the negotiations with Iran, informing them neither of the status of discussions nor of their content.With the implicit backing of the Times’ editorials, the EU’s Javier Solana suggests that the world may have to impose an Israel-Palestinian solution - one in which the Palestinians get their state even if they refuse to make reciprocal concessions to Israel.Meanwhile, in far-off Waristan, Osama bin Laden on the eighth anniversary of September 11 uses the Arabic word Mustad’aaf to call the American president a victim of Jewish conspiracies. He urges Americans to read and rely on the ramshackle arguments of The Israel Lobby and US Foreign Policy. This anti-Israel book’s thesis caused David Remnick to joke that - if only the US would distance itself from Israel - maybe bin Laden will return to the family construction business,even re-erecting the Twin Towers with Saudi financing!
As President Obama headed for the UN, Palestinian President Mahmoud Abbas only reluctantly abandoned his insistence on a total Israeli settlement freeze as a precondition to meeting with Prime Minister Netanyahu and the president - a joint appearance reminiscent of the historic 1993 Arafat-Rabin-Clinton handshake at the White House. But forgive Israelis if they are skeptical of another peace photo- op when neither PA president Abbas nor Hamas are preaching peace to their constituents and when the UN General Assembly yet again rolls out the red carpet for the Holocaust denying, genocidal rants of Mahmoud Wipe Israel From the Map Ahmadinejad.
To move forward prospects for peace this week at the UN, President Obama will have the tall order of slaying pernicious one-state fantasies while advancing a truly even-handed approach that not only opposes new West Bank settlements but pressures Palestinians and the Arab and Muslim world to end anti-Israel incitement, accepts Israel’s Jewish character,and provides the Israeli people with the confidence that they'll never have to face another Yom Kippur War.Rabbi Abraham Cooper is associate dean of the Simon Wiesenthal Center.Dr. Harold Brackman, a historian, is a consultant to the Simon Wiesenthal Center.ynet.
Abbas: no return to peace talks at this time By KARIN LAUB, Associated Press Writer – SEPT 24,09
NEW YORK – The Palestinians cannot return to peace talks at this time because of fundamental disagreements with Israel on what should be on the agenda, Palestinian President Mahmoud Abbas said in an interview published Thursday.Abbas rebuffed an appeal by President Barack Obama that both sides get back to the table promptly.The Palestinian leader said he wants to avoid a crisis with the Obama administration at any cost, but stressed that there is no common ground for discussion with Israel's hardline leader, Benjamin Netanyahu.Netanyahu has said two key issues — a partition of Jerusalem and a repatriation of Palestinian refugees — are not up for discussion. The Israeli prime minister retreated from assurances given by his predecessor, Ehud Olmert, who held talks with Abbas last year.The Palestinian leader has insisted that negotiations pick up where they left off with Olmert, adding that progress was made during those talks on drawing a border between Israel and a future Palestinian state.
Abbas, who is in New York for the U.N. General Assembly, said that even at the risk of alienating Obama, he cannot return to talks without a clear agenda.In all honesty, we want to protect our relations with President Obama under any conditions, he told the London-based Al Hayat newspaper.We don't want to come out with a crisis with the Americans, or create a crisis. But in the meantime, we can't go on unless there is a clear path. The road must be defined so we can know where we are going.
Earlier this week, an increasingly impatient Obama summoned Netanyahu and a reluctant Abbas to a trilateral meeting on the sidelines of the General Assembly. Obama told the two leaders that too much time had already been wasted and that it's time to resume negotiations.Netanyahu on Thursday welcomed Obama's appeal.I'm pleased that President Obama accepted my request that there should be no preconditions,Netanyahu told Israel Radio in a telephone interview.
Obama's demand has put Abbas in a difficult position.
He has been adamant about not resuming talks unless Israel freezes settlement construction in the West Bank and east Jerusalem, areas the Palestinians claim for their state. A freeze is mandated by a U.S.-backed peace plan, and the Obama administration was initially strident in calling for a halt to construction.However, Netanyahu has refused to budge, offering at best to slow construction for a few months, and the U.S. appears to have relented. In his speech to the U.N. General Assembly on Wednesday, Obama said that the U.S. does not accept the legitimacy of continued Israeli settlements,but stopped short of calling for a freeze.If Abbas returns to talks now, without a freeze in place, he is likely to lose more credibility at home where he has been locked in a power struggle with his Islamic militant Hamas rivals. Hamas, which threw Abbas' forces out of the Gaza Strip two years ago, has derided negotiations as a waste of time and portrayed Abbas as a Western lackey.Abbas said in the interview that only a complete freeze will do.We can't accept the status quo because a partial halt means a continuation of settlements,he said.Even if it is halted by 95 percent, it is still a continuation of settlement activities.Abbas said that despite fundamental disagreements with Netanyahu over the terms of negotiations, he will keep talking to Israel about day-to-day issues that concern the Palestinians, including security and the economy.We don't reject the principle of talks and dialogue,he said.
In Jerusalem, Deputy Israeli Foreign Minister Danny Ayalon suggested the Palestinians are wasting time by insisting on a settlement freeze. He noted that when required to do so in the past — as part of a peace deal with Egypt and the 2005 withdrawal from Gaza — Israel has uprooted settlements.He disputed the Palestinians' contention that, as opposed to Israel, they have lived up to their peace obligations, such as disarming militias. We know what needs to be done,Ayalon told The Associated Press, referring to the possible future dismantling of settlements. So why single out this one issue, leaving aside the other important issues to us, Palestinian terror.Associated Press writers Josef Federman and Steve Weizman in Jerusalem and Sarah El Deeb in Cairo contributed to this report.
Gaza rocket lands in Israel without causing injuries SEEPT 24,09
JERUSALEM (AFP) – Militants in the Hamas-ruled Gaza Strip fired a rocket into Israel early on Thursday, with the projectile landing inside the Jewish state without causing casualties or damage, the army said.A rocket fired from Gaza fell this morning in Israel without causing injuries,a spokeswoman said.Israel launched a deadly offensive into Gaza in late December in response to rocket fire from the Palestinian enclave ruled by the Islamist Hamas movement.The 22-day war ended with mutual ceasefires by Israel and Hamas on January 18 and since then the border between the territory and Israel has remained largely quiet, despite occasional violations by both sides.
Olmert goes on trial for corruption Friday By Joseph Nasr – Thu Sep 24, 7:49 am ET
JERUSALEM (Reuters) – Former Israeli prime minister Ehud Olmert goes on trial in Jerusalem on Friday, battling the corruption allegations that forced him to resign last year .He is charged with taking cash payments from a U.S. businessman, advancing the interests of clients of a former law partner and double-billing Israeli charities for overseas travel expenses during fund-raising trips.The 64-year-old politician, a former mayor of Jerusalem who underwent treatment a few months ago for prostate cancer, denies any wrongdoing.Olmert is the first Israeli premier to stand trial. Legal experts say if he is found guilty he faces five years in jail on each of the four charges in an indictment filed by prosecutors.The charges relate to his time as mayor and as industry and trade minister, before he became Israel's leader in 2006 as head of the centrist Kadima party.It is sad, but on the other hand Israelis can be proud of the fact that even a (former) prime minister is not above the law,said Moshe Negbi, a legal expert at the Hebrew University in Jerusalem.
The charges against Olmert include fraud, breach of trust and failure to report income. A U.S. businessman has testified in court that he gave Olmert envelopes full of cash totaling hundreds of thousands of dollars.Olmert says the money was used for electioneering, denying he benefitted personally in return for advancing the businessman's interests.
LATEST IN A SERIES
The veteran politician resigned as prime minister in September 2008, saying he wanted to clear his name. But he stayed on as caretaker until March 2009 when Prime Minister Benjamin Netanyahu's right-leaning government was sworn in.Olmert claimed he had achieved significant progress in talks with the Palestinians aimed at securing a final Middle East peace deal.But the talks were suspended in December and remain so. The United States is pushing Israeli and Palestinian leaders to resume negotiations.Olmert's graft trial is the latest in a series of scandals involving politicians in a country where the legal system says it is waging a battle against corruption.The previous four prime ministers, including incumbent Netanyahu, now serving a second term, have also fended off various allegations of financial misconduct. None has been indicted.
Israeli courts jailed two former cabinet ministers in June.
Former finance minister Avraham Hirchson, an Olmert ally, was jailed for more than five years for theft, fraud and other offences committed while he was a trade union leader and former welfare and health minister Shlomo Benizri received a four-year jail term for taking bribes while in office.Former president Moshe Katzav, who resigned in 2007, was indicted in March for rape and other sexual offences against three women who used to work for him, charges he denies.(Writing by Joseph Nasr, Editing by Douglas Hamilton)
Israel hails US call for talks without conditions By STEVE WEIZMAN, Associated Press Writer – Thu Sep 24, 5:58 am ET
JERUSALEM – Israel's prime minister welcomed Thursday President Barack Obama's call for the resumption of Mideast peace talks without preconditions despite Palestinian demands for a halt to new Jewish settlements in the West Bank before any new negotiations begin.In the past, Obama had said all Israeli building must stop on lands the Palestinians claim for a future state. But he toned down his language Tuesday at a meeting with Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas in New York, where he spoke of Israeli steps to restrain settlement activity.And in a speech to the U.N. Wednesday, Obama called for talks to restart without conditions.I'm pleased that President Obama accepted my request that there should be no preconditions,Netanyahu told Israel Radio by telephone from New York.Netanyahu is proposing a partial and temporary slowdown, while Palestinian leaders say there can be no negotiations without a complete halt to Israeli settlement construction in the West Bank.In his speech to the U.N. General Assembly on Wednesday, Obama criticized Israel's settlement policy, saying that American does not accept the legitimacy of continued Israeli settlements.But the Obama's statement was no more critical of the settlements than previous U.S. administrations have been since Israel captured the West Bank and Gaza Strip in the 1967 Mideast War.
Netanyahu said the U.S. position was nothing new but said he was pleased Obama did not make the issue a prerequisite for talks.The president of the United States said unequivocally that is not an issue that should prevent the start of negotiations, he said.Netanyahu added that dropping preconditions to talks along with Arab recognition of Israel as a Jewish state were the key to peace in the Middle East. In his U.N. speech Obama supported that goal, along with creation of an independent Palestinian state.At the end of the day those are the most important things for peace,Netanyahu said.
Netanyahu wants Israel recognized as Jewish Thu Sep 24, 3:09 am ET
JERUSALEM (Reuters) – Prime Minister Benjamin Netanyahu has said he will not drop his demand that the Palestinians recognize Israel as a Jewish state in peace negotiations that the United States wants to revive.I told Abu Mazen I believe peace hinges first on his readiness to stand before his people and say,We ... are committed to recognizing Israel as the nation-state of the Jewish people,Netanyahu told Israel Radio in an interview aired Thursday, referring to President Mahmoud Abbas.I will not drop this subject and other important issues under any final peace agreement,Netanyahu said.U.S. President Barack Obama Tuesday brought the Israeli and Palestinian leaders together for the first time since Netanyahu came to power in March and urged them to revive stalled peace negotiations soon.The Palestinians have rejected Israel's demand that they recognize it as a Jewish state. They say Israel should meet its previous commitments to fully halt settlement activity in the occupied West Bank before talks can resume.Netanyahu has rejected this demand and Israeli officials say he has offered a nine-month construction freeze.Netanyahu will address the United Nations General Assembly in New York Thursday and Israeli officials say his speech will focus on Iran's disputed nuclear program, which Israel deems as a threat to its existence.Iranian President Mahmoud Ahmadinejad blasted Israel's inhumane policies toward the Palestinians in his speech at the United Nations Wednesday and several delegations walked out after he made apparently anti-Semitic remarks directed at Israel.(Writing by Joseph Nasr)
INVENTION OF THE ATOMIC BOMB.
2 PETER 3:10-11
10 But the day of the Lord will come as a thief in the night; in the which the heavens shall pass away with a great noise, and the elements shall melt with fervent heat, the earth also and the works that are therein shall be burned up.
11 Seeing then that all these things shall be dissolved, what manner of persons ought ye to be in all holy conversation and godliness,
NUCLEAR WEAPONS WILL BE USED.
PSALMS 97:3
3 A fire goeth before him, and burneth up his enemies round about.
REVELATION 14:18-20
18 And another angel came out from the altar, which had power over fire; and cried with a loud cry to him that had the sharp sickle, saying, Thrust in thy sharp sickle, and gather the clusters of the vine of the earth; for her grapes are fully ripe.
19 And the angel thrust in his sickle into the earth, and gathered the vine of the earth, and cast it into the great winepress of the wrath of God.
20 And the winepress was trodden without the city,(JERUSALEM) and blood came out of the winepress, even unto the horse bridles, by the space of a thousand and six hundred furlongs.(200 MILES) (THE SIZE OF ISRAEL)
ISAIAH 66:15-18
15 For, behold, the LORD will come with fire, and with his chariots like a whirlwind, to render his anger with fury, and his rebuke with flames of fire.
16 For by fire and by his sword will the LORD plead with all flesh: and the slain of the LORD shall be many.
17 They that sanctify themselves, and purify themselves in the gardens behind one tree in the midst, eating swine's flesh, and the abomination, and the mouse, shall be consumed together, saith the LORD.
18 For I know their works and their thoughts: it shall come, that I will gather all nations and tongues; and they shall come, and see my glory.
ISAIAH 26:21
21 For, behold, the LORD cometh out of his place to punish the inhabitants of the earth for their iniquity: the earth also shall disclose her blood, and shall no more cover her slain.(WW3,1/2 earths population die).
ISAIAH 13:6-13 KJV
6 Howl ye; for the day of the LORD is at hand; it shall come as a destruction from the Almighty.
7 Therefore shall all hands be faint, and every man's heart shall melt:(FROM FRIGHT)
8 And they shall be afraid: pangs and sorrows shall take hold of them; they shall be in pain as a woman that travaileth: they shall be amazed one at another; their faces shall be as flames.
9 Behold, the day of the LORD cometh, cruel both with wrath and fierce anger, to lay the land desolate: and he shall destroy the sinners thereof out of it.
10 For the stars of heaven and the constellations thereof shall not give their light: the sun shall be darkened in his going forth, and the moon shall not cause her light to shine.
11 And I will punish the world for their evil, and the wicked for their iniquity; and I will cause the arrogancy of the proud to cease, and will lay low the haughtiness of the terrible.
12 I will make a man more precious than fine gold; even a man than the golden wedge of Ophir.
13 Therefore I will shake the heavens, and the earth shall remove out of her place, in the wrath of the LORD of hosts, and in the day of his fierce anger.
ISAIAH 24:17-23 KJV
17 Fear, and the pit, and the snare, are upon thee, O inhabitant of the earth.
18 And it shall come to pass, that he who fleeth from the noise of the fear shall fall into the pit; and he that cometh up out of the midst of the pit shall be taken in the snare: for the windows from on high are open, and the foundations of the earth do shake.
19 The earth is utterly broken down, the earth is clean dissolved, the earth is moved exceedingly.
20 The earth shall reel to and fro like a drunkard, and shall be removed like a cottage; and the transgression thereof shall be heavy upon it; and it shall fall, and not rise again.
21 And it shall come to pass in that day, that the LORD shall punish the host of the high ones that are on high, and the kings of the earth upon the earth.
22 And they shall be gathered together, as prisoners are gathered in the pit, and shall be shut up in the prison, and after many days shall they be visited.
23 Then the moon shall be confounded, and the sun ashamed, when the LORD of hosts shall reign in mount Zion, and in Jerusalem, and before his ancients gloriously.
2 TIMOTHY 3:1
1 This know also, that in the last days perilous (DANGEROUS) times shall come.
JOEL 2:3,30
3 A fire devoureth before them; and behind them a flame burneth: the land is as the garden of Eden before them, and behind them a desolate wilderness; yea, and nothing shall escape them.
30 And I will shew wonders in the heavens and in the earth, blood, and fire, and pillars of smoke.
ZECHARIAH 14:12-13
12 And this shall be the plague wherewith the LORD will smite all the people that have fought against Jerusalem; Their flesh shall consume away while they stand upon their feet, and their eyes shall consume away in their holes, and their tongue shall consume away in their mouth.
13 And it shall come to pass in that day, that a great tumult from the LORD shall be among them; and they shall lay hold every one on the hand of his neighbour, and his hand shall rise up against the hand of his neighbour.
EZEKIEL 20:47
47 And say to the forest of the south, Hear the word of the LORD; Thus saith the Lord GOD; Behold, I will kindle a fire in thee, and it shall devour every green tree in thee, and every dry tree: the flaming flame shall not be quenched, and all faces from the south to the north shall be burned therein.
ZEPHANIAH 1:18
18 Neither their silver nor their gold shall be able to deliver them in the day of the LORD'S wrath; but the whole land shall be devoured by the fire of his jealousy: for he shall make even a speedy riddance of all them that dwell in the land.
MALACHI 4:1
1 For, behold, the day cometh, that shall burn as an oven; and all the proud, yea, and all that do wickedly, shall be stubble: and the day that cometh shall burn them up, saith the LORD of hosts, that it shall leave them neither root nor branch.
REVELATION 8:7
7 The first angel sounded, and there followed hail and fire mingled with blood, and they were cast upon the earth: and the third part of trees was burnt up, and all green grass was burnt up.
REVELATION 9:18
18 By these three was the third part of men killed, by the fire, and by the smoke, and by the brimstone, which issued out of their mouths.
HALF OF EARTHS POPULATION DIE DURING THE 7 YR TRIBULATION.(THESE VERSES ARE JUDGEMENT SCRIPTURES NOT RAPTURE SCRIPTURES)
LUKE 17:34-37
34 I tell you, in that night there shall be two men in one bed; the one shall be taken, and the other shall be left.
35 Two women shall be grinding together; the one shall be taken, and the other left.
36 Two men shall be in the field; the one shall be taken, and the other left.
37 And they answered and said unto him, Where, Lord? And he said unto them, Wheresoever the body is, thither will the eagles be gathered together.(Christians have new bodies,this is the people against Jerusalem during the 7 yr treaty)(Christians bodies are not being eaten by the birds).
MATTHEW 24:37-51
37 But as the days of Noe were, so shall also the coming of the Son of man be.
38 For as in the days that were before the flood they were eating and drinking, marrying and giving in marriage, until the day that Noe entered into the ark,
39 And knew not until the flood came, and took them all away; so shall also the coming of the Son of man be.
40 Then shall two be in the field; the one shall be taken, and the other left.
41 Two women shall be grinding at the mill; the one shall be taken, and the other left.
42 Watch therefore: for ye know not what hour your Lord doth come.
43 But know this, that if the goodman of the house had known in what watch the thief would come, he would have watched, and would not have suffered his house to be broken up.
44 Therefore be ye also ready: for in such an hour as ye think not the Son of man cometh.
45 Who then is a faithful and wise servant, whom his lord hath made ruler over his household, to give them meat in due season?
46 Blessed is that servant, whom his lord when he cometh shall find so doing.
47 Verily I say unto you, That he shall make him ruler over all his goods.
48 But and if that evil servant shall say in his heart, My lord delayeth his coming;
49 And shall begin to smite his fellowservants, and to eat and drink with the drunken;
50 The lord of that servant shall come in a day when he looketh not for him, and in an hour that he is not aware of,
51 And shall cut him asunder, and appoint him his portion with the hypocrites: there shall be weeping and gnashing of teeth.
UK's Brown signals nuclear subs reduction By Pan Pylas, Associated Press Writer – Wed Sep 23, 4:04 pm ET
UNITED NATIONS – British Prime Minister Gordon Brown signaled Wednesday at the U.N. General Assembly that he is prepared to scale back the country's Trident submarine nuclear deterrent as part of a global bargain to reduce the world's nuclear arsenal.If we are serious about the ambition of a nuclear-free world we will need statesmanship, not brinkmanship,he said.Brown is expected to flesh out details of his statement on Thursday at the Security Council, in a special session on nonproliferation and disarmament convened by President Barack Obama. The United States is the current chair of the council.In his address to the four other permanent members and the 10 rotating non-permanent members, Brown is expected to announce that Britain could scale back the planned 20-billion-pound ($33-billion) Trident modernization program from four submarines to three.A subcommittee, including Britain's relevant government ministers, the chiefs of staff and the heads of the intelligence agencies, is expected to be instructed to come forward with detailed recommendations by the end of the year.The future of Britain's nuclear arsenal has become a hot topic of debate as concerns over the country's public finances have escalated — borrowing has soared as tax revenues have plummeted during the recession and spending has spiked to pay for unemployment benefits and the bailout of the banks. Cutting the number of submarines could save billions over the coming years.
However, Brown dismissed suggestions that his initiative was motivated by the need to save money.Obviously there are cost implications in every decision, but that is not what is uppermost in our mind,he told listeners on a phone-in on the British Broadcasting Corp.'s Radio Five Live station.Liam Fox, a Conservative Party lawmaker, said there was nothing new in what Brown is planning, and noted that in December 2006 the government had said it would look at having three submarines.He said the Conservatives, favorites to win next year's general election, would back the plan so long as Britain can maintain continuous-at-sea patrols.In his address to the General Assembly, Brown highlighted the nuclear issue as one of five priorities for the international community, together with the economy, climate change, terrorism and poverty.Global problems can only be mastered through global solutions, he said.The presence of Libyan leader Moammar Gadhafi at Thursday's Security Council meeting — Libya is one of the current rotating members — could make it difficult for Brown in the wake of bitter words over the release of the Lockerbie bomber Abdel Baset al-Megrahi.Al-Megrahi, a former Libyan intelligence agent, is the only man convicted in the 1988 bombing of Pan Am Flight 103 over Lockerbie, Scotland, that killed 270 people — most of them American. Although al-Megrahi has always claimed innocence, he was found guilty by a special Scottish court in 2001 and sentenced to serve at least 27 years in prison.
He was released last month on compassionate grounds after being diagnosed with terminal prostate cancer, a decision that disgusted U.S. families of the victims and drew outrage from the U.S. government.In his opening remarks to the General Assembly, Brown managed a side-swipe on the Libyan leader, who earlier described the Security Council as the terror council for failing to prevent or intervene in dozens of wars around the world since its creation in 1945.I stand here to reaffirm the United Nations Charter, not to tear it up. I call on every nation to support its universal principles,Brown told the General Assembly.
THIS NUCLEAR FREE WORLD TREATY WILL NOT WORK,MAYBE FOR A FEW YEARS,BUT WHEN THE FINAL PUSH IN WW3 COMES,THIS TREATY WILL BE SCRAPPED AND THE NUKES THAT WERE SUPPOSE TO BE DESTROYED WILL SUDDENLY BE USED IN WW3.THIS TREATY WILL BE A DECEPTIVE ONE TO DECIEVE THE WORLD THAT ITS UTOPIA,SATANS ATTEMPT TO STOP PROPHECY OF WW3 FROM COMING TO PASS.UNFORTUNATELY GOD (KING JESUS)SAYS WW3 WILL COME TO PASS SO THIS TREATY IS A PEACE OF PAPER OF DECEPTION.FALSE PEACE AND SECURITY.THE ISRAEL AND GOD HATING SINNERS MUST BE DESTROYED IN WW3.LIKE THE BIBLE SAYS WHOEVER BLESSES ISRAEL WILL BE BLESSED,WHOEVER COMES AAINST ISRAEL,GOD (KING JESUS)WILL DESTROY.
New UN resolution aims at nuclear-free world By EDITH M. LEDERER, Associated Press Writer – SEPT 24,09
UNITED NATIONS – With U.S. President Barack Obama presiding over an historic session, the U.N. Security Council unanimously approved a U.S.-drafted resolution Thursday aimed at ridding the world of nuclear weapons.Russia, China and developing nations supported the U.S.-sponsored measure, giving it global clout and strong political backing.The resolution calls for stepped up efforts to prevent the spread of nuclear weapons, promote disarmament and reduce the risk of nuclear terrorism.It was only the fifth time the Security Council met at summit level since the U.N. was founded in 1945. And Obama was the first American president to preside over a Security Council summit, gaveling the meeting into session and announcing that the draft resolution has been adopted unanimously.The historic resolution we just adopted enshrines our shared commitment to a goal of a world without nuclear weapons,Obama said immediately after the vote.And it brings Security Council agreement on a broad framework for action to reduce nuclear dangers as we work toward that goal.Just one nuclear weapon set off in a major city could cause major destruction, Obama said.
He said the global effort would seek to lock down all vulnerable nuclear materials within four years.This is not about singling out an individual nation, he said. International law is not an empty promise, and treaties must be enforced.We will leave this meeting with renewed determination,Obama said.U.N. Secretary-General Ban Ki-moon saluted the national leaders for joining in the unprecedented Security Council summit on nuclear arms.This is a historic moment, a moment offering a fresh start toward a new future,he said.Russian President Dmitry Medvedev said that our main shared goal is to untie the problem knots among nations seeking nuclear nonproliferation and disarmament.This is complicated since the level of mistrust among nations remains too high, but it must be done,he said.Obama aides see adoption of the resolution as an endorsement of the president's entire nuclear agenda, as laid out in his April speech in Prague. He declared his commitment to a world without nuclear weapons.The president called in that speech for the slashing of U.S. and Russian nuclear arsenals, adoption of the treaty banning all nuclear tests, an international fuel bank to better safeguard nuclear material, and negotiations on a new treaty that verifiably ends the production of fissile materials for atomic weapons.
He also strongly backed the Nuclear Nonproliferation Treaty, or NPT, which requires signatory nations not to pursue nuclear weapons in exchange for a commitment by the five nuclear powers to move toward nuclear disarmament. States without nuclear weapons are guaranteed access to peaceful nuclear technology for electricity generation.All those measures are included in the draft resolution.In its opening paragraph, the draft reaffirms the council's commitment to seek a safer world for all and to create the conditions for a world without nuclear weapons.Arms control advocates say those elements are interconnected. Some nations might eventually reject the limitations of the Nonproliferation Treaty, for example, if the U.S. and other nuclear powers don't abide by that treaty's requirement to move toward disarmament by reducing their arsenals, or if they reject the test ban. Also Thursday, the U.S. rejoined a biennial conference designed to win support for the treaty banning all nuclear bomb tests.Secretary of State Hillary Rodham Clinton was scheduled to help kick off that U.N. session, uniting foreign ministers and other envoys from more than 100 nations that have ratified or at least signed the 1996 treaty. It represents the first U.S. participation since 1999.Among the invited guests were U.N. nuclear chief Mohamed ElBaradei, former U.S. Secretaries of State Henry Kissinger and George Shultz, former U.S. Defense Secretary William Perry, media mogul Ted Turner, former U.S. Senator Sam Nunn and Queen Noor of Jordan — all campaigners against nuclear weapons.Nunn, a Georgia Democrat who heads the Nuclear Threat Initiative, a Washington-based group designed to fight the global spread of nuclear materials, said the most important thing about the resolution is the high-level visibility that will be taking place ... with world leaders gathering to remind both themselves and the world that we are at a nuclear tipping point.
Nunn said Wednesday Obama's message is that we are in a race between cooperation and catastrophe.The draft resolution does not mention any country by name but it reaffirms previous Security Council resolutions that imposed sanctions on Iran and North Korea for their nuclear activities. It does not call for any new sanctions. The draft expresses particular concern at the current major challenges to the nonproliferation regime that the Security Council has acted upon.It also calls on all countries that are not parties to join the treaty to achieve its universality at an early date,and in the interim to comply with its terms. The major countries that are not members of the NPT are India and Pakistan, which have conducted nuclear tests, and Israel which is believed to have a nuclear arsenal.
UN demos blast, support Kadhafi, Ahmadinejad by Sebastian Smith – SEPT 23,09
NEW YORK (AFP) – Noisy protests -- and a surprise welcome -- greeted Iran's President Mahmoud Ahmadinejad and Libyan leader Moamer Kadhafi outside the United Nations building Wednesday.More than 1,000 Iranian exiles gathered, brandishing placards that called Ahmadinejad a dictator, waving pre-revolutionary banners, and chanting in front of posters depicting blood-drenched victims of political violence.
Ayatollah Count Dracula,read one placard.The protest was well-organized, with traditional Iranian music, a stand offering pita bread sandwiches, and young volunteers handing out flyers and green opposition flags.But the divisions in Iran's politics were also evident, with representatives of the veteran Mujahideen militants and secular opposition groups disagreeing on everything but the need to remove Ahmadinejad.Mona Kayhan, 29, said she just wanted to be able to visit Iran, which her parents left after the revolution in 1979.I really hope that one day I can go with my kids and husband,said Kayhan, who had tied a green sash around her black dress.Businessman Abbas Adibian, 61, said he did not think the protest would have an impact, even if the Iranian leader happened to see it from his limousine.He's seen millions of people demonstrating in Tehran. He'll say these people are dust,Adibian said.Ahmadinejad, due to address the United Nations later in the day, is a hated figure in much of the US media, as is Kadhafi, who refused to leave the UN podium in a speech that extended far beyond his allotted time.A small group of Libyans and US relatives of passengers killed in the 1988 Lockerbie airliner bombing rallied against him, their anger stoked by Britain's decision last month to release the sole Libyan convicted in the attack.Hey, hey, ho, ho, Kadhafi must go! the 50-strong crowd chanted, waving placards that exclaimed: Gaddafi the MAD DOG of the Middle East and MURDERER.
The famously eccentric Libyan leader has also been hounded from several New York area sites where he had hoped to erect his traditional Bedouin tent.But at least he could enjoy the support of radical African-American leader Louis Farrakhan, who deployed some 300 members of the Nation of Islam, many of them wearing their signature bow ties and dark glasses.Separated by just a low metal barrier from the anti-Kadhafi group, the Nation of Islam danced to African drums and displayed placards hailing Brother Qaddafi and exclaiming Long Live the King of Africa.One man, who wore an America Welcomes Qaddafi sweatshirt, said the Libyan strongman had long supported Farrakhan.He's one of the only ones in the Middle East who supports a Muslim organization like this,the man said, refusing to give his name.The protests swelled and multiplied in the usually quiet park opposite the UN building.Chinese Falun Gong members did exercises in two neat rows, Tibetans demanded an end to Beijing's rule, and six protestors all in white stood in a circle, utterly immobile, to raise awareness about repression in Burma. An American Indian in buckskins, eagle-feather headdress and wraparound sunglasses stood waiting to perform on stage at the pro-Kadhafi rally -- though he did not seem sure why.I'm not really sure how they integrated us into this,he said.I think it's because of the indigenous peoples issue.A short walk away, a handful of vegans bemoaned the world's eating habits. Meat-free Monday,read one placard, seemingly out of place in the middle of the week.No meat equals no methane,another read.
But no one stopped to read.
They were all hurrying to join the big Iranian rally. Or perhaps the tiny Ugandan protest that was just starting.New Yorkers -- no fans of the annual traffic snarl up caused by the United Nations -- looked on in bemusement.Doesn't anyone work? asked a female smoker in the doorway of a skyscraper across the avenue from the protest park.This is crazy,answered another.
YEAH CANADA WALKED OUT WHILE AMADINEJAD WAS YAPPING AT THE UN....YEAHHHHHHH.AND ISRAEL WAS NOT IN ATTENDANCE EITHER.
Excerpts from AP interview with Ahmadinejad By The Associated Press The Associated Press – SEPT 23,09
Here are excerpts from Iranian President Mahmoud Ahmadinejad's interview Tuesday with The Associated Press:On the three American hikers who were detained after straying across the Iranian border:Several American citizens crossed through our border which in fact violates the law in our country. ... We're not happy that this has happened, but when the law is broken the law itself foresees a procedure that has to be carried through. What I can ask is that the judiciary expedites the process and gives it its full attention, and to basically take a look at the case with maximum leniency.On the Holocaust, and specifically what he would say in New York, the city with the world's largest Jewish population, to Jews for whom the Holocaust is a personal memory:I feel that I've arrived at the United Nations. It is true that the United Nations is located in New York, but at the end of the day we are at the United Nations. Of course I care about the people of New York, and American people in general.With regards to the question of Jewish people and their sentiments I have to say that in our opinion their issue is different than the issue of Zionism. Zionism is a political party. But the Jewish people, like many other people, follow a divine prophet. I fundamentally raise two questions regarding the Holocaust, and I can ask them here again from you. I think that if you attempt to answer my question we might move a step forward in answering the question. The first question is that assuming the Holocaust did happen, where did it exactly happen and who were the perpetrators? The second question is how exactly does that connect to the Palestinian issue? When told the Holocaust was perpetrated in Europe by Adolf Hitler and a group of his compatriots:So I would like to know how then does that this relate to the Palestinians, and the Palestinian issue. If this indeed happened in Europe by the hands of European governments, why exactly should the Palestinian people pay for it?
When asked if he agrees the Holocaust occurred:In my opinion it is not the first part of the question that matters but really the result of that question. The first half relates to history. The second part relates to contemporary world affairs. ... In your opinion if something has occurred in Europe by the hands of European governments can we seek remedy for it in other lands and territories? Is it the Palestinian people that should be compensating for the act through becoming displaced and why? Or through the occupation of their lands, and why? Or through the mass murder of these people, and why? Through genocide of these people, and why? These are some clear-cut questions that we have too.We are opposed to the killing of people wherever. As a fundamental rule we are opposed to the killings that occurred during World War II, wherever. We know that over 60 million people were killed in the course of the Second World War. Each and every one of them were human beings. And their lives were, are respectful, no matter whether they are Muslims or Jews or Christians. Really, it doesn't make a difference..From where I stand, I wasn't there 60 years ago, we weren't there, but we are here now and we can do something about it. We are alive now. And what we see are Palestinians being killed. So I think today it is our task to stop that. ... If the Holocaust is being used as a pretext to kill the Palestinian people, then inevitably it's also necessary to discuss the Holocaust...On cooperating to help stabilize neighboring Afghanistan and Iraq:The question I'd like to raise here is the occupying forces or the groups that have sent in the military to these two states, if indeed their policy has led to further instability, what do they want us to do? What exactly can we do?
What exactly can we do for a car that has decided to speed up and basically crash down the hill? I don't see exactly what we can do under that scenario. We will simply be the traffic sign that warns ahead of time that there is basically downhill over there and to take the right turn. The feeling we have is that we are dealing with drivers that have chosen to close their eyes, speed up the car and basically go way down.Let me just say one issue to clarify the point. The problems of our region -there's no military answer to the problems in our region. Historical experience shows amply that the presence of foreign troops in Afghanistan is fruitless. Approximately 100 years ago, the British forces left Afghanistan in total defeat. And some 30 years ago the Soviet troops were forced out of the country with the same fate. So exactly what historical experience or any other signal do the people who are in Afghanistan today have in their hands to show that the same fate will not be theirs? Expansion of military into Pakistan is not going to help resolve the issue either..I read in the news that in the past seven years, $250 billion was spent on the military presence in Afghanistan. Well, I don't know how exact this figure is, but I believe the situation in Afghanistan could be resolved with one-fifth of this figure. Afghanistan has 25 million people, and 5 million of them are displaced. ... And let's assume that all the 5 million are unemployed. To generate employment in Afghanistan, it only takes $10,000 per job. And that's how you can build the roots for stability. This is just a very minor example. I certainly don't try to look at this naively or statistically, this is just a mere example to demonstrate why the policies that are currently pursued are wrong..On how Iran will respond when talks set to begin Oct. 1 touch on the country's nuclear ambitions: The discussion on the nuclear issue is certainly free and open. We will not seek to avoid any form of discussion or prevent it. But it's really not on our agenda. We will pursue the nuclear issue only through the IAEA (International Atomic Energy Agency), because that provides that legal framework and it's the law.
From our viewpoint there are three clearer issues that can be discussed. The first issue is full nuclear disarmament around the world. ... Secondly, we need to pave the way to increase opportunities for the peaceful use of nuclear technology and energy. ... And the third issue that I would like to bring up is that for our reactor in Tehran, we need uranium enriched with a level of 20 percent. And we're interested in buying it..We do enrich uranium today, to the grade of 3 1/2 percent. And that is basically for our power plants. But the reactor in Tehran basically creates medicine based on radioactive technology, which needs an enrichment grade level of 19.75 percent, so we basically say 20 percent.On whether he regrets the deaths of protesters after Iran's disputed election: I'm definitely opposed to that. These were our citizens who were killed, and they were not at fault. Those who were at fault were a group of politicians who basically instigated the events that transpired after the elections. I've asked the judicial system to follow up with the cases completely and to find out who the perpetrators of those acts were.
Regrettably, around 30 people, our fellow citizens, were killed. Of course on a daily basis I would say that you would have more victims here in the United States as a result of police action. But nonetheless, we're sorry for any loss of life as such..On U.S. President Barack Obama: I'd like to point to two issues here. We believe that the world really needs to go through some changes. And I hope Mr. Obama will move in the direction of change.A second point is that the policies pursued in the past were not correct and they need to be improved. We also think that Mr. Obama does not have an indefinite period of time and that the changes should happen quickly. And they have to be real and fundamental changes. We have announced that if these changes are real and fundamental, we will welcome them and will basically assist in pursuing the ideas that come through. We hope this will happen. We also pray for it.On Iran's failure to ratify the nuclear test ban treaty and sign the additional IAEA protocol allowing spot nuclear inspections, despite its insistence that it has no ambitions to develop nuclear weapons:The nuclear test ban treaty is not on the agenda for our talks. And as far as our discussions with the agencies involved, they have said on numerous occasions that they have not found any evidence of the distortion of our nuclear program toward a weapon program. But I'd like to ask you — exactly which states should be signing the additional protocol? A state that possesses 10,000 nuclear warheads and has in fact used them in the past, shouldn't that be the state to sign the additional protocol, or a state that is in the early, embryonic phases of developing peaceful nuclear technology? We're not pursuing a nuclear weapons program. We believe that the most important step that needs to be taken, first and foremost, is to basically eliminate nuclear weapons that already exist, and the stockpiles out there that destabilize the world.
On the new U.S. proposal for missile defense in Europe, potentially targeting Iranian short-range missiles, and why Iran feels the need to build such missiles: I heard Mr. Obama saying that the next threat is Iran. Iran is an opportunity for everyone, and everyone can use the opportunity by being friends with our nation. I'd like to clarify two points. I don't think that these words spoken are sufficient cover up for the deep economic and political problems confronting the United States and European countries, nor are there solutions to the problems that were created in Iraq or Afghanistan by the United States government, to make up for it in other words. So again I'd like to say that Iran is an opportunity, and remind you that Mr. Obama is not the first president here that believes that Iran is a threat. We would appreciate it if you could advise him to revisit history and read it again to see what the fate is of viewing these problems from this perspective.We do have basically a rough guess of something else that's happening, and I think that the remarks that he made was in fact a respectful way of basically buying out the program that was out there earlier to put in the missile defense shield system against Russia. Our military defense strategy is based on deterrence, and we simply seek to defend ourselves.
Mandatory Swine Flu Shots For Firefighters? Paul Joseph Watson
Prison Planet.com Thursday, September 24, 2009
Firefighters could be added to the list of those mandated to take the dangerous and untested H1N1 vaccine if Parkersburg Fire Department Chief Eric Chichester gets his way, while health workers in Ontario Canada have been told they will not be forced to take the shot.Firefighters do not work in hospitals, but because they are trained EMT’s, Chichester believes they should get both the seasonal and H1N1 vaccines.I plan on getting vaccinated as soon as it’s available, Chichester said. Our guys have the choice of getting the regular flu shot, but I’m looking into ways I can make it mandatory for them to receive the H1N1 vaccine,he told the News and Sentinel.Capt. Rick Woodyard with the Wood County Sheriff’s Department is quoted in the same article as saying that police will follow the orders of FEMA if there is a widespread H1N1 outbreak.According to Woodyard, this would involve guarding injection sites and helping out the medical community.Whether helping the medical community means helping them to carry out forced injections remains to be seen, but it seems there would be little else for law enforcement to do in such a situation other than compel people to follow orders they wouldn’t normally be inclined to.
While health workers across the U.S., notably in Atlanta and New York, are being forced to take the swine flu vaccine as well as the seasonal flu shot or be fired, officials in Ontario Canada have stated that neither health professionals or the general public will be forced to take the vaccine.Premier Dalton McGuinty told CBC News that the government cannot,hold anybody down and inject them with a vaccine when they don’t want it.Similarly, schools in the U.S. and Canada are making noises indicating that the swine flu shot will not be forced upon children without parental consent. Asotin County Health District Administrator Joe Lillard signaled that kids in Idaho would not be forced to take the vaccine when he told local news channel KLEW-TV 3,This is not mandatory, it is a voluntary program, said Lillard.I strongly encourage parents to get their children immunized, but that’s a personal choice and if they decide they don’t want to do it, it’s there decision.However, all this could change if H1N1 returns as a deadlier strain and begins to claim more fatalities, which is exactly what authorities seem to be preparing for as reports of military roadblocks and martial law training drills continue to pour in from all over the country.
SURE NOW THE VACCINE HELPS PREVENT AIDS BUT KILLS YOU WITH A NEW VIRUS THAT IS IN THE VACCINES A GREAT TRADE OFF...HMMMMMMM.
A world first: Vaccine helps prevent HIV infection By MARILYNN MARCHIONE and MICHAEL CASEY, Associated Press Writers – SEPT 24,09
BANGKOK – For the first time, an experimental vaccine has prevented infection with the AIDS virus, a watershed event in the deadly epidemic and a surprising result. Recent failures led many scientists to think such a vaccine might never be possible.
The World Health Organization and the U.N. agency UNAIDS said the results instilled new hope in the field of HIV vaccine research, although researchers say it likely is many years before a vaccine might be available.The vaccine — a combination of two previously unsuccessful vaccines — cut the risk of becoming infected with HIV by more than 31 percent in the world's largest AIDS vaccine trial of more than 16,000 volunteers in Thailand, researchers announced Thursday in Bangkok.Even though the benefit is modest,it's the first evidence that we could have a safe and effective preventive vaccine,Col. Jerome Kim told The Associated Press. He helped lead the study for the U.S. Army, which sponsored it with the National Institute of Allergy and Infectious Diseases.The institute's director, Dr. Anthony Fauci, warned that this is not the end of the road,but he said he was surprised and very pleased by the outcome.It gives me cautious optimism about the possibility of improving this result and developing a more effective AIDS vaccine, Fauci said.This is something that we can do.
The Thailand Ministry of Public Health conducted the study. The U.S. Army has long worked with that government and others to develop and test vaccines and medicines to protect troops and the general public.The study used strains of HIV common in Thailand. Whether such a vaccine would work against other strains in the U.S., Africa or elsewhere in the world is unknown, scientists stressed.Even a marginally helpful vaccine could have a big impact. Every day, 7,500 people worldwide are newly infected with HIV; 2 million died of AIDS in 2007, UNAIDS estimates.Today marks a historic milestone,said Mitchell Warren, executive director of the AIDS Vaccine Advocacy Coalition, an international group that has worked toward developing a vaccine. Warren was not involved in the study.It will take time and resources to fully analyze and understand the data, but there is little doubt that this finding will energize and redirect the AIDS vaccine field,he said in a statement.The study tested the two-vaccine combination in a prime-boost approach, in which the first one primes the immune system to attack HIV and the second one strengthens the response.
They are ALVAC, from Sanofi Pasteur, the vaccine division of French drugmaker Sanofi-Aventis; and AIDSVAX, originally developed by VaxGen Inc. and now held by Global Solutions for Infectious Diseases, a nonprofit founded by some former VaxGen employees.ALVAC uses canarypox, a bird virus altered so it can't cause human disease, to ferry synthetic versions of three HIV genes into the body. AIDSVAX contains a genetically engineered version of a protein on HIV's surface. The vaccines are not made from whole virus — dead or alive — and cannot cause HIV.
Neither vaccine in the study prevented HIV infection when tested individually in earlier trials, and dozens of scientists had called the new one futile when it began in 2003.I really didn't have high hopes at all that we would see a positive result, Fauci confessed.
The results proved the skeptics wrong.
The combination is stronger than each of the individual members,said the Army's Kim, a physician who manages the Army's HIV vaccine program. The study tested the combo in HIV-negative Thai men and women aged 18 to 30 at average risk of becoming infected. Half received four priming doses of ALVAC and two boost doses of AIDSVAX over six months. The others received dummy shots. No one knew who got what until the study ended.Thanad Yomha, a 33-year-old electrician from southeastern Thailand, said he didn't expect anything in return for volunteering for the project. I did this for others,Thanad said.It's for the next generation.Participants volunteered for the study and were told about the potential risks associated with receiving the experimental vaccine before agreeing to participate. All were given condoms, counseling and treatment for any sexually transmitted infections, and were tested every six months for HIV. Any who became infected were given free treatment with antiviral medicines. All participants continued to receive an HIV test every six months for three years after vaccinations ended.The results: New infections occurred in 51 of the 8,197 given vaccine and in 74 of the 8,198 who received dummy shots. That worked out to a 31 percent lower risk of infection for the vaccine group. Two of the infected participants who received the placebo died.The vaccine had no effect on levels of HIV in the blood for those who did become infected. That had been another goal of the study — seeing whether the vaccine could limit damage to the immune system and help keep infected people from developing full-blown AIDS.
That result is one of the most important and intriguing findings of this trial, Fauci said. It suggests that the signs scientists have been using to gauge whether a vaccine was actually giving protection may not be valid.It is conceivable that we haven't even identified yet what really shows immunity, which is both important and humbling after decades of vaccine research, Fauci said.Details of the $105 million study will be given at a vaccine conference in Paris in October.This is the third big vaccine trial since 1983, when HIV was identified as the cause of AIDS. In 2007, Merck & Co. stopped a study of its experimental vaccine after seeing it did not prevent HIV infection. Later analysis suggested the vaccine might even raise the risk of infection in certain men. The vaccine itself did not cause infection. In 2003, AIDSVAX flunked two large trials — the first late-stage tests of any AIDS vaccine at the time.It is unclear whether vaccine makers will seek to license the two-vaccine combo in Thailand. Before the trial began, the U.S. Food and Drug Administration said other studies would be needed before the vaccine could be considered for U.S. licensing.This is a world first which proves that vaccine development is possible,Supachai said.But this is not to the level where we can license or manufacture the vaccine yet.Mass-producing the vaccine, plus how to proceed with future studies, will be discussed among the governments, study sponsors and companies involved in the trial, Kim said. Scientists want to know how long protection will last, whether booster shots will be needed, and whether the vaccine helps prevent infection in gay men and injection drug users, since it was tested mostly in heterosexuals in the Thai trial.The study was done in Thailand because U.S. Army scientists did pivotal research in that country when the AIDS epidemic emerged there, isolating virus strains and providing genetic information on them to vaccine makers. The Thai government also strongly supported the idea of doing the study.Associated Press Medical Writer Marilynn Marchione reported from Minneapolis.
On the Net:Study information: http://www.hivresearch.org/phase3/factsheet.html
Vaccine coalition: http://www.avac.org/ UNAIDS: http://tinyurl.com/krq7kr
Government AIDS info: http://www3.niaid.nih.gov/topics/HIVAIDS/
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/
CNBC VIDEOS
http://www.cnbc.com/id/15839263/site/14081545/?tabid=15839796&tabheader=false
HALF HOUR DOW RESULTS THU SEPT 24,2009
09:30 AM +1.76
10:00 AM +50.79
10:30 AM -26.37
11:00 AM -44.21
11:30 AM -49.88
12:00 PM -61.74
12:30 PM -55.47
01:00 PM -62.65
01:30 PM -49.95
02:00 PM -65.90
02:30 PM -49.80
03:00 PM -38.62
03:30 PM -31.97
04:00 PM -41.11 9707.44
S&P 500 1050.78 -10.09
NASDAQ 2107.61 -23.81
GOLD 995.20 -19.20
OIL 66.11 -2.86
TSE 300 11,285.76 -231.78
CDNX 1256.36 -21.49
S&P/TSX/60 676.94 -13.68
MORNING,NEWS,STATS
YEAR TO DATE PERFORMANCE
Dow +11.08%
S&P +17.45%
Nasdaq +35.15%
TSX Advances 727,declines 805,unchanged 236,Volume 533,491,505.
TSX Venture Exchange Advances 449,Declines 426,Unchanged 386,Volume 330,302,770.
Dow +48 points at 4 minutes of trading today.
Dow -63 points at low today.
Dow +56 points at high today so far.
GOLD opens at $1,012.30.OIL opens at $67.61 today.
AFTERNOON,NEWS,STATS
Dow -63 points at low today so far.
Dow +56 points at high today so far.
DAY TODAY PERFORMANCE - 12:30PM STATS
NYSE Advances 834,declines 2,766,unchanged 90,New Highs 146,New Lows 26.
Volume 2,648,732,889.
NASDAQ Advances 560,declines 1,992,unchanged 96,New highs 31,New Lows 02.
Volume 1,097,480,489.
TSX Advances 342,declines 935,unchanged 220,Volume 227,970,394.
TSX Venture Exchange Advances 217,Declines 400,Unchanged 273,Volume 107,588,574.
WRAPUP,NEWS,STATS
Dow -83 points at low today.
Dow +56 points at high today.
Dow -0.42% today Volume 201,893,636.
Nasdaq -1.12% today Volume 2,458,931,700.
S&P 500 -0.95% today Volume N/A
FED EDGES TOWARD QE EXIT
http://www.cnbc.com/id/15840232?video=1274769268&play=1
http://www.cnbc.com/id/15840232?video=1274766461&play=1
DOLLAR HEADING LOWER INTO 2010
http://www.cnbc.com/id/15840232?video=1274758184&play=1
THE END OF THE DOLLAR
http://www.cnbc.com/id/15840232?video=1274752224&play=1
AUDIT THE FED HAS 292 HOUSE MEMBERS AND 27 SENATE MEMBERS SIGNED UP TO AUDIT THAT FED.TOMORROW AT 9AM THE MEETING BEGINGS....GET RID OF THE BANK SYMPATHIZERS.GET RID OF THAT DICTATORIAL ECONOMC FED.TOMORROW IS THE BEGGINING OF THE END OF THE FED HOPEFULLY.THE VOTE FOR THE FED AUDIT SHOULD BE DONE BY THE END OF THIS YEAR.
World leaders stress unity to fight crises By PETER JAMES SPIELMANN, Associated Press Writer – SEPT 24,09
UNITED NATIONS – Global leaders on Thursday warned their colleagues that coordinated international action to end the worldwide recession and reverse the threat posed by climate change must not fall victim to routine political divisions and pitfalls.
Recuperation will be slow and time-consuming, said President Zeljko Komsic of Bosnia and Herzegovina, one of the U.N.'s newer nation-states, born from the breakup of Yugoslavia in the 1990s.Komsic, speaking at the U.N. General Assembly's 64th annual session, called the global meltdown the worst economic crisis since the founding of the United Nations, especially for poor and sub-Saharan countries.The president of Rwanda, another nation bathed in a bloody genocide in the 1990s, said the way forward out of economic recession will require expanded participation, beyond the insider club of the wealthy G-8 nations or even the broader G-20.Most of the proposals fall short of the steps essential for the recovery of low-income countries,Rwandan President Paul Kagame said.The G-20 is now playing a crucial role in restoring global economic instability; but should we not even broaden the base further to include many nations that are most vulnerable to the decisions of the few? asked Kagame.Bosnia-Herzegovina's Komsic had anticipated him: It become more than obvious that only a strong, multilateral approach can provide the right answers.
The General Assembly was largely overshadowed on two fronts Thursday, by a Security Council meeting on nuclear disarmament, with President Barack Obama chairing the session; and the opening of the two-day G-20 meeting of nations grappling with the world financial crisis, convening in Pittsburgh.Many of the world leaders in New York for the U.N. events will head to Pittsburgh later Thursday for the G-20 meeting.
The financial focus highlighted how the steep drop in economic output and living standards around the world, together with global warming, overshadowed other issues such as Iran's nuclear program. It is expected to dominate speeches during the weeklong ministerial session which continued Thursday with speeches by nearly two dozen more leaders including from Japan, Turkey, Israel and Iraq.Obama told the gathering of world leaders on Wednesday that governments no longer ... have the luxury of indulging our differences.The U.S. has moved from bystander to leader in international climate negotiations, he said.To overcome an economic crisis that touches every corner of the world, we worked with the G-20 nations to forge a coordinated international response of over two trillion dollars in stimulus to bring the global economy back from the brink, he said.Among other topics raised at the General Assembly, Libyan leader Moammar Gadhafi chastised the United Nations on Wednesday for failing to prevent dozens of wars and accused its most powerful members of treating other nations as second-class, despised countries.In his first speech to the assembly in his 40 years as ruler of Libya, Gadhafi focused on the inequality of the U.N. Security Council where five permanent members — the U.S., Russia, China, Britain and France — have veto power.It should be called the terror council,he said, calling for membership to be expanded to include African, Latin American, Arab and Muslim nations.Gadhafi also accused the world body of failing to prevent 65 wars since the it was founded in 1945, and demanding massive reparations for the colonization of Africa.Iranian President Mahmoud Ahmadinejad told the assembly Wednesday night that Tehran was ready to meet conciliation with conciliation.
The Iranian leader issued stinging attacks on the United States and its allies without calling them by name and laced his speech with anti-Israeli and anti-Semitic remarks, prompting a walkout by the U.S. delegation. Ahmadinejad did not mention Iran's nuclear program — which the West fears is aimed at producing nuclear weapons, which Tehran denies. He only reference to the nuclear issue was a call for global nuclear disarmament.The Security Council has imposed three rounds of sanctions to pressure Iran to suspend its uranium enrichment program and start negotiations.
Foreign ministers of six global powers dealing with Iran's nuclear program met on the sidelines of the General Assembly on Wednesday. They said that they expect Tehran to come clean about its nuclear program at talks scheduled for Oct. 1, and that tougher sanctions against Iran are being considered if the talks don't yield results.
Obama asks more economic balance from G-20 nations By CHARLES BABINGTON, Associated Press Writer – SEPT 24,09
PITTSBURGH – With the world's major economies having stepped back from the brink of a devastating meltdown, President Barack Obama comes to a global summit here pushing a slimmed-down agenda designed to prevent a repeat of the conditions that caused such panic a few months ago.Obama will tell world leaders that the global economy cannot continually rely on huge borrowing and spending by Americans and massive exports by countries such as China.In informal chats and fancy receptions at the two-day summit beginning Thursday, the buzz words will be balanced and sustainable.
Obama gave a hint of the message when he spoke at the United Nations in New York on Wednesday. He said other nations cannot stand by and wait for America to solve the world's problems alone. Now is the time for all of us to take our share of responsibility for a global response to global challenges.This is the third meeting of the Group of 20 top economies in the aftermath of the financial crisis that plunged the world into fear a year ago. When the G-20 met in April, the economies of the United States and many other countries were under severe strain, and world leaders largely agreed on common remedies such as dramatically increased government spending to provide some stimulus.Now, with the crisis seemingly averted, the leaders will meet in a calmer atmosphere to discuss how best to keep reinvigorating their economies without repeating earlier mistakes.This is not a trillion-dollar summit," said Mike Froman, a top economic adviser to Obama. He told reporters the administration hopes world leaders will agree on a framework for balanced and sustainable growth, a set of policies, parameters and process that can avoid the sort of imbalances that contributed to this crisis.U.S. officials expect no binding, treaty-like language. But Froman said they hope for some type of process for holding each other accountable, reviewing each other's actions in much the same way that the G-7 has done in the past in terms of focusing on each other's economic policy frameworks.Obama plans no one-on-one meetings with world leaders or extensive discussions of Iran, White House officials said late Wednesday. And Froman told reporters that we do not expect major announcements of new, significant financial commitments.In that regard, the G-20 is likely to have less pizazz than did Obama's visit to the United Nations this week.
Still, it will let him play host to an array of world leaders and their spouses and try to nudge them closer to his thinking on climate control, banking regulations and other matters.Obama and his wife, Michelle, will greet their guests at a working dinner Thursday at Pittsburgh's Phipps Conservatory and Botanical Gardens.Friday will feature group sessions on various topics, capped by an Obama news conference.
The president has signaled plans to call for an end to extensive government subsidies that encourage the use of fossil fuels, such as oil, coal and natural gas, which are believed to contribute to global warming. He will propose a gradual elimination, White House officials said.Many countries, including the U.S., provide tax breaks and direct payments to help produce and use oil, coal, natural gas and other fuels that emit carbon dioxide, a gas that traps heat in the atmosphere.Fast-growing industrial nations such as China and India are likely to resist the idea.
G-20 leaders also will discuss limits on bankers' pay in hopes of discouraging risky ventures. And the United States will support greater influence in the International Monetary Fund by emerging economies such as China, India and Brazil. Some European governments complain that the move would come at their expense.
Opinion
Brazil's President Lula: The G-20's role after economic crisis-The group weathered this challenge, but the developing world needs more say in heading off future ones.
By Luiz Inácio Lula da Silva from the September 23, 2009 edition
Brasilia, Brazil - Optimism is the leitmotif surrounding the Pittsburgh summit Sept. 24-25. Yet certain concerns remain. A year ago, as the dramatic recession unfolded around the world, many were convinced the world was heading for a repeat of the crash of 1929.Due to measures adopted at the G-20 summit in London last April, the worst threat in decades to the global economy was contained.After a 9 percent reduction, global trade has rebounded, thanks to the injection of $250 billion in flexible, unconditional credit. By the end of 2009 nearly 50 million jobs will probably be lost, but there are signs that the worst is past. Another $750 billion went to stimulate demand and stabilize the current accounts of many – particularly developing – countries hit by the drastic cutback in foreign trade and credit. The scale of mobilized resources has been unprecedented. Yet even more significant was the quick and decisive show of collective will involved. The degree of trust thereby regained has helped keep the economy afloat during this period of uncertainty and turbulence.The international community managed. Should we celebrate having avoided the worst? Should we sit back and wait for the next crisis? After all, the mirage that markets are self-regulating and that financial profiteering is somehow grounded in economic logic has finally collapsed.Yet even those countries that were not wooed by the promise of easy gains found themselves unshielded from this gale-force crisis.
When G-20 leaders first met in Washington last year, no fully worked-out policy proposals were available. Yet leaders did not let themselves get bogged down in inertia or stalemate. They were aware that the crisis reflects structural imbalances that reach far beyond financial misdoings.Climate change and growing global competition for energy resources and markets starkly confirm what we already knew: Globalization has made us ever more dependent on one other.Last year Brazil took the lead in defending the consolidation of the G-20 as a forum of leaders who could manage the crisis rationally. The time had come for a show of political will and for undertaking fundamental structural adjustments.This explains our dismay at the reluctance of developed countries to embrace proposals for reform of the Bretton Woods institutions. There is fierce resistance to putting teeth into financial markets' oversight mechanisms. Banks are going back to the very practices that precipitated the recent chaos. Bankers continue to be overpaid, while millions of men and women lose their jobs.Nor do we understand why industrialized countries refuse to shoulder their share of the burden when it comes to fighting global warming. They cannot delegate to developing countries tasks that are theirs alone. Signs of a return to protectionist instincts are equally worrisome. As is the current paralysis of the Doha Round, since we know full well that its conclusion would greatly speed global economic recovery.
Such attitudes threaten the London summit's main achievement: the acceptance that the challenges of a globalized planet will not be met without the active involvement of all.Our decisions must be made in a more transparent and representative manner. Developing countries did not cause today's major crises. They are, indeed, the main victims. Yet, more and more, they have also become part of the solution. The emerging world has gone beyond just denouncing speculative adventurers and the breakdown of obsolete dogmas. It is making an active contribution to finding solutions. We must bring the representation and the voting power of developing countries into line with their relative weight in the world economy. We will arrive at the UN-sponsored climate-change negotiations in Copenhagen this December with our own alternatives to guarantee sustainable development. The Amazon Fund that Brazil launched in 2008 combines the well-being of millions of people with protection of our natural heritage.We have substantially reduced the clearing of our forests. Brazil's experience with biofuels and the widespread use of hydroelectricity point the way to an energy blend in harmony with environmental preservation.Policies adopted by countries in the global south have created tens of millions of new consumers, who will drive the recovery of the global economy. In Brazil, income distribution has been shown to be a powerful inducement to healthy growth.
This is no time to suspend anticyclical policies that have proven their worth. The poorest countries, hardest hit by the crisis, are in a hurry to see their economies rebound and thus renew their peoples' hopes for prosperity.For all those reasons, we stand for more democratic and fair global governance. We hope to see results at the Pittsburgh summit. Of course, the G-20 cannot solve these problems alone.The crisis of international governance will not be overcome by multiplying new ad hoc groupings, ranging from the G-8 and the G-14 to the G-20 or whatever else might arise in the future. They can only be successful if they help us get back to the reform of the multilateral system.We want the kind of governance that makes our interdependence an inducement for self-interested solidarity, instead of a pretext for the strong to always come out ahead. The G-20 is an extraordinary chance for us to prove that this is no rose-tinted daydream.Luiz Inácio Lula da Silva is the president of the Federative Republic of Brazil.2009 Voice/Global Viewpoint Network. Distributed by Tribune Media Services.
Wealth Summits Keep Financial Plans in Line By Lauren Young – Thu Sep 24, 8:08 am ET
Coordinated meetings with attorneys, accountants, and financial advisers are common among ultrarich families. These so-called wealth summits enable a team of trusted advisers to share information and brainstorm with their clients on a wide range of legal and financial issues.In the wake of last year's market crash, and with anxiety about restructurings and layoffs high, more executives are gathering advisory teams together to take stock of their personal financial game plans. On top of a time management benefit, they make clients feel in control of their finances and future, says Diahann Lassus, president of Lassus Wherley & Associates, a wealth management firm with offices in New Providence, N.J., and Bonita Springs, Fla.Typically orchestrated by the financial adviser, the meetings are used to create a well-rounded financial picture for the client's brain trust. Accountants, attorneys, and financial advisers all have gaps in training and understanding,says Stef Tucker, a partner in the tax practice at Venable, a law firm in Washington, D.C. While much of the planning is tax-related, teams may also vet a life insurance policy pitch, explore the impact of a move to a low-tax state, or strategize on charitable and trust planning.
Checks and Balances
The team approach can serve as a system of checks and balances. Another set of eyes may spot unnecessary products being pitched to a client. When at a wealth summit last year, Debbie Cochran, an estate lawyer and founder of Cochran & Owen in Vienna, Va., found that a client was considering an expensive life insurance trust he didn't need. (The client was told it would be used to avoid estate taxes, but he had no heirs.) Savings? About $15,000 a year, Cochran says.I'm sure I'll never get a referral from that insurance agent,she says.Steven Shindler, the 46-year-old executive chairman of wireless communications company NII Holdings, convenes his advisers twice a year at his Reston (Va.) office. Last year he had his two lawyers, accountant, and financial adviser analyze two creative financing plans for a business investment, which led him to greenlight something he might have otherwise passed on. The team connects via e-mail or conference call as needed.Before an in-person gathering, team members should collectively review tax returns, insurance policies, and cash-flow projections, as well as a client's investments. The group should also create a list of tasks to accomplish for the year, says Barry Glassman, who as president of McLean (Va.) planning firm Glassman Wealth Services orchestrates summits for clients with assets of $2 million and up. That list should be revisited with the team during the year, particularly when issues -- such as vesting stock options -- have been resolved.Clients may have to pay the hourly rate charged by the individual professionals. Paul Shultz of Clarksville, Md., paid $1,000 in attorney fees for a summit earlier this year. Shultz, 49, came into a windfall after the engineering firm where he is a director was sold. His adviser at Baltimore-Washington Financial Advisors and an estate attorney have done two summits to draft an estate plan.As an engineer, I can figure out a lot of things, but when it comes to managing my money, I want a professional doing it,says Shultz.
EU unveils blueprint to overhaul policing of banks By John O'Donnell – Wed Sep 23, 11:30 am ET
BRUSSELS (Reuters) – The European Union unveiled its blueprint for an overhaul of the way banks and financial markets are policed, a central plank in new rules designed to prevent a repeat of the global economic crisis.It plans to create a banking super-watchdog, with power to overrule countries such as Britain, and a pan-European supervisor that would warn of early signs of crisis.Our aim is to protect European taxpayers from a repeat of the dark days of autumn 2008, when governments had to pour billions of euros into the banks,European Commission President Jose Manuel Barroso said on Wednesday.The European system can also inspire a global one and we will argue for that in Pittsburgh,he added, referring to the meeting of large G20 nations later this week.The laws, which include the creation of a separate supervisor for insurers and markets, are set to give more say than ever to European institutions as Brussels tightens its grip on an industry blamed by many for triggering the economic slump.The blueprint, broadly agreed on by EU leaders earlier this year, could erode the authority of Britain, which is fighting to keep control over the centerpiece of its economy, the City of London.
Paul Myners, Britain's financial services minister, signaled that the new watchdogs should not be given more power than was foreseen in June, when Britain and other EU countries agreed to establish the new supervisors.There is widespread skepticism in Britain about the raft of fresh financial rules that many there see as a German-Franco bid to undermine the City of London, Europe's largest financial center.The UK's concern about the competitiveness of the City is legitimate, said Simon Tilford, chief economist with think-tank the Center for European Reform.We need to be sure that the new regulations, such as on supervision, are not motivated by a political desire to undermine the City's position.
BREAKTHROUGH
The chances that the rules will be watered down, however, are slim, said Sharon Bowles, the parliamentarian in charge of seeing through agreement on the new law.I cannot see any mainstream political group turning around and saying we don't want the new supervision rules,she said.If anything, I expect some may want to make it more ambitious by introducing, for example, a single pan-European supervisory authority rather than three.Economic and Monetary Affairs Commissioner Joaquin Almunia hailed the new system as a major breakthrough.The law puts Europe ahead of the United States, which is still bogged down in a wrangle over whether to give similar watchdog powers to the Federal Reserve.Almunia said the so-called European Systemic Risk Board would spot risks that had previously been ignored, such as the rapid rise in borrowing in foreign currencies that happened in the run-up to the financial crisis.Charlie McCreevy, the EU's internal market commissioner, called on the European Parliament and national governments to act fast so the new watchdogs would be in place by this time next year.Bowles said that deadline could be hit.
Overhauling the way Europe's banks and financial services are policed is part of a raft of laws ranging from the curbing of banker bonuses to forcing lenders to make greater financial provisions for hard times. Backing from Britain will be crucial to plans to set up the new structures by the end of next year.Britain is nervous because the laws will give more say to European institutions. The risk board, for example, which would be staffed by the European Central Bank and based in the German city of Frankfurt, is likely to have wide-ranging powers.Diplomatic sources said Bank of England Governor Mervyn King could be given a prominent role to win British backing for the plan.(Additional reporting by David Milliken in London; editing by Simon Jessop and Jon Loades-Carter)
Time to Change Bernanke's Medication? Secret White House letter to G-20
Huffpost - stumble reddit del.ico.us SEPT 24,09
Comments I still get a thrill whenever I get my hands on a confidential memo with The White House, Washington on the letterhead. Even when--like the one I'm looking at now--it's about a snoozy topic: This week's G-20 summit.
But the letter's content shook me awake and may keep me up the rest of the night.
The 6-page letter from the White House, dated September 3, was sent to the 20 heads of state that will meet this Thursday in Pittsburgh. After some initial diplo-blather, our President's sherpa for the summit, Michael Froman, does a little victory dance, announcing that the recession has been defeated. Global equity markets have risen 35 percent since the end of March,writes Froman. In other words, the stock market is up and all's well.While acknowledging that this year's economy has gone to hell in a handbag, Obama's aide and ambassador to the G-20 seems to be parroting the irrational exuberance of Federal Reserve Chief Ben Bernanke who declared last week that, The recession is very likely over. All that was missing from Bernanke's statement was a banner, MISSION ACCOMPLISHED.And the French are furious. The White House letter to the G-20 leaders was a response to a confidential diplomatic missive from the chief of the European Union Fredrik Reinfeldt written a day earlier to Monsieur le Président Obama.We have Reinfeldt's confidential note as well. In it, the EU president says, despite Bernanke's happy-talk,la crise n'est pas terminée (the crisis is not over) and (continuing in translation) the labor market will continue to suffer the consequences of weak use of capacity and production in the coming months.This is diplomatic speak for, What the hell is Bernanke smoking?
May I remind you Monsieur le Président, that last month 216,000 Americans lost their jobs, bringing the total lost since your inauguration to about seven million? And rising.The Wall Street Journal also has a copy of the White House letter, though they haven't released it. (I have: read it here, with the EU message and our translation.) The Journal spins the leak as the White House would want it: Big Changes to Global Economic Policy to produce lasting growth. Obama takes charge! What's missing in the Journal report is that Obama's plan subtly but significantly throttles back European demands to tighten finance industry regulation and, most important, deflects the EU's concern about fighting unemployment.Europe's leaders are scared witless that the Obama Administration will prematurely turn off the fiscal and monetary stimulus. Europe demands that the US continue pumping the economy under an internationally coordinated worldwide save-our-butts program.
As the EU's Reinfeldt's puts it in his plea to the White House, It is essential that the Heads of State and Government, at this summit, continue to implement the economic policy measures they have adopted,and not act unilaterally.Exit strategies [must] be implemented in a coordinated manner.Translating from the diplomatique: If you in the USA turn off fiscal and monetary stimulus now, on your own, Europe and the planet sinks, America with it.Obama's ambassador says, Non! Instead, he writes that each nation should be allowed to unwind anti-recession efforts at a pace appropriate to the circumstances of each economy.In other words, Europe, you're on your own! So much for Obama channeling FDR.The technical policy conflict between the Obama and EU plans reflects a deep difference in the answer to a crucial question: Whose recession is it, anyway? To Obama and Bernanke, this is a bankers' recession and so, as stresses in financial markets have abated significantly, to use the words of the White House epistle, then Happy Days Are Here Again. But, if this recession is about workers the world over losing their jobs and life savings, the EU view, then it's still Buddy, Can You Spare a Dime.If Bernanke and Obama were truly concerned about preserving jobs, they would have required banks loaded with taxpayer bail-out loot to lend these funds to consumers and business. China did so, ordering its banks to increase credit. And boy, did they, expanding credit by an eye-popping 30%, rocketing China's economy out of recession and into double-digit growth.But the Obama Administration has gone the opposite way. The White House letter to the G-20 calls for slowly increasing bank reserves, and that can only cause a tight credit market to tighten further.
It's not that the White House completely ignores job losses. The US letter suggests, The G-20 should commit to ... income support for the unemployed. You can imagine the Europeans, who already have generous unemployment benefits--most without time limits--turning purple over that one. America's stingy unemployment compensation extension under the Stimulus Plan is already beginning to expire with no live proposal to continue aid for the jobless victims of this recession.The Europeans are so cute when they're angry, when they pound their little fists. Obama assumes he can ignore them. The EU, once the big player in the G-7, has seen its members' status diluted into the G-20, where the BRIC powers (Brazil, Russia, India and China) now flex their muscles. But Europeans have a thing or two to teach Americans about the economics of the twilight of empire.Maybe the differences are cultural, not economic; that Europeans lack America's Manifest Destiny can-do optimism.So, to give the visitors a taste of the yes-we-can spirit, Obama should invite Pittsburgh's 93,700 jobless to the G-20 meet to celebrate that 35% rise in the stock market. Or --my own suggestion -- change Bernanke's medication.Greg Palast is the author of The Best Democracy Money Can Buy. Palast wrote the column, Inside Corporate America for the business section of Britain's Observer newspaper. Read more at: http://www.huffingtonpost.com/greg-palast/time-to-change-bernankes_b_294262.html
Oil heads lower with supply of crude on the rise By MARK WILLIAMS, AP Energy Writer – SEPT 24,09
Oil prices fell sharply Thursday for a second straight day as growing supplies of crude, gasoline and heating oil exposed how badly the recession has cut into energy demand.Benchmark crude for November delivery fell 4 percent, or $2.79, to $66.18 a barrel on the New York Mercantile Exchange. The contract tumbled $2.79 to settle at $68.97 on Wednesday.Prices for gasoline and heating oil also were sharply lower. The price for natural gas, which reached a seven-week high Wednesday after plunging for most of the year, was essentially flat.Oil prices have been pushed higher for months by the weak dollar and by strengthening equities markets, but analyst Phil Flynn of PFGBest said the fundamentals are increasingly hard to ignore.A government report Wednesday showed a more larger than expected buildup in crude supplies.Oil demand fell by 3 percent, the government reported, and gasoline supplies surged by more than 5 million barrels even though refineries took in 316,000 fewer barrels of crude each day.Still, the U.S currency continues to influence prices because a weak dollar effectively makes dollar-based crude cheaper.Investors watched the opening Thursday of a two-day meeting in Pittsburgh for the world's 20 most powerful leaders. News from that meeting could sway the value of the dollar and oil.Prices at the pump edged lower, falling 0.6 cents overnight to $2.534 a gallon, according to auto club AAA, Wright Express and Oil Price Information Service. Prices are now 8.9 cents below levels of a month ago and down $1.181 from year ago levels.In other Nymex trading, gasoline fell 7.5 cents to $1.63 per gallon and heating oil for October delivery fell 6.55 cents to $1.6939 a gallon. Natural gas was flat at $3.882 per 1,000 cubic feet.In London, Brent crude fell $2.84 to $65.15 on the ICE Futures exchange.Associated Press writers George Jahn in Vienna and Alex Kennedy in Singapore contributed to this report.
Senate blocks bid to keep offshore drilling policy SEPT 23,09
WASHINGTON – The Senate on Wednesday voted against an attempt by Republicans to keep in place a plan by the Bush administration to allow oil and gas drilling along the Atlantic and Pacific coasts.The 56-42 vote killed a proposal by Sen. David Vitter, R-La., that would have blocked the Obama administration from pursuing its own policy on offshore drilling.Last year, with gasoline prices soaring, Republicans sought political momentum by advocating new offshore drilling.Remember last summer where almost all of America said,This is ridiculous, drill here, drill now. Let's use our own resources and not be held captive to foreign interests,Vitter said.Do you remember that? Interior Secretary Ken Salazar disappointed pro-drilling advocates last week when he said that he's in no hurry to make a decision on whether to allow offshore drilling in federal waters off the Atlantic and Pacific coasts.Salazar said he's uncertain whether the Interior Department will seek to put a new five-year drilling plan in place before the existing leasing program runs out in 2012.
While the Interior Department is considered unlikely to adopt the Bush-era proposal wholesale, which was released on its last working day in office, it remains unclear whether the Obama administration will allow any expansion of Outer Continental Shelf drilling.The current plan is in place until 2012, so legally the department has until 2012 to redo a plan on the Outer Continental Shelf, Salazar said.(This version CORRECTS the story by deleting reference to recently closed comment period on Bush proposal.)
Obama, China vow urgent action on climate change By JOHN HEILPRIN, Associated Press Writer – Tue Sep 22, 7:39 pm ET
UNITED NATIONS – President Barack Obama and Chinese President Hu Jintao each vowed urgent action Tuesday to cool an overheating planet, even as prospects dimmed for a full treaty by the end of the year.The world's two biggest greenhouse-gas polluting nations were the focus at the U.N.'s unprecedented daylong climate change summit, which drew more than 50 presidents and 35 prime ministers, along with many environment ministers and at least one prince.U.N. Secretary-General Ban Ki-moon opened the gathering with an appeal to leaders to set aside national interests and think about the future of the globe — and a rebuke for their foot-dragging thus far.
The climate negotiations are proceeding at glacial speed. The world's glaciers are now melting faster than human progress to protect them — and us,the U.N. chief said.
Failure to reach a new international pact on climate change would be morally inexcusable, economically shortsighted and politically unwise,Ban warned.The science demands it. The world economy needs it.At the end of the summit, however, Ban and Danish Prime Minister Lars Loekke Rasmussen, who will host the treaty talks, said they were encouraged at the prospects.This feeling of political momentum — that was very strong,said Loekke Rasmussen.Tuesday's U.N. gathering and the G-20 summit in Pittsburgh this week are seen as an attempt to pressure rich nations to commit to a global climate treaty at Copenhagen, Denmark, in December, and to pay for poorer nations to burn less coal and preserve their forests.With a mere 76 days to go before the pivotal conference, it appeared an interim agreement might be the most that could be expected in December, leaving difficult details for later talks.We are on the path to failure if we continue to act as we have,French President Nicolas Sarkozy cautioned.Much attention was fixed on Obama's first U.N. speech, in which he pledged the United States is determined to act.The threat from climate change is serious, it is urgent, and it is growing,Obama said, after receiving loud applause. And the time we have to reverse this tide is running out.
But while Obama campaigned for the presidency vowing to push through stringent cuts in U.S. emissions, he has run up against stiff resistance among Republicans, and the Senate most likely won't have written climate legislation until after the Copenhagen meeting.By comparison, Hu runs a command economy and was unencumbered by political opposition. He outlined an ambitious program that included plans to plant enough forest to cover about 150,000 square miles — an area the size of Montana — and generate 15 percent of its energy needs from renewable sources within a decade.He said the communist nation would also take steps to improve energy efficiency and reduce by a notable margin its growth rate of carbon pollution as measured against economic growth — though he did not give any specific numerical targets.At stake in the fight against climate change are the common interests of the entire world, Hu said.Out of a sense of responsibility to its own people and people across the world, China fully appreciates the importance and urgency of addressing climate change.
Still, China and other developing nations should not ... be asked to take on obligations that go beyond their development stage,Hu said.China and India, the world's fifth-biggest greenhouse gas emitter, both want to link emissions to their growth in gross domestic product, meaning they still may increase emissions even if they take fundamental steps to curb them in the long run.Experts were watching China closely because it has in the past largely ignored global efforts to diminish emissions. The United States, under former President George W. Bush's administration, stayed away from international commitments citing inaction by major developing nations like China and India.
China and the U.S. each account for about 20 percent of all the world's greenhouse gas pollution, created when coal, natural gas or oil are burned. The European Union is next, generating 14 percent, followed by Russia and India, which each account for 5 percent.In his speech Tuesday, Obama detailed the steps his administration is taking to reduce America's carbon footprint, including doubling the generating capacity from wind and other renewable resources in three years, launching offshore wind energy projects and spending billions to capture carbon pollution from coal plants.Obama previously had announced a voluntary target of returning to 1990 levels of greenhouse emissions by 2020, but action awaits Congress passing legislation to make those goals law.By contrast, the EU has urged other rich countries to match its pledge to cut emissions by 20 percent from 1990 levels by 2020, and has said it would cut up to 30 percent if other rich countries follow suit.On Tuesday, Japan's new prime minister, Yukio Hatoyama, whose nation generates more than 4 percent of the world's greenhouse gases, pledged his nation would seek a 25 percent cut in greenhouse gas emissions from 1990 levels by 2020.Hatoyama also said Japan is ready to contribute money and technical help for poorer countries to cut emissions. He called for a fair and effective international framework that allows all countries to make cuts.Actor Djimon Hounsou of Benin helped open the summit, quoting late astronomer Carl Sagan and showing his Pale Blue Dot photo of Earth taken in 1990 from Voyager 1 within the larger cosmos.
Despite the lofty words, some international experts were disappointed.Someone must have switched the coffee to decaf at today's U.N. climate summit,Oxfam International spokesman David Waskow said.Heads of state did not seem to have the necessary energy to deliver the drive we need heading into Copenhagen. We must not let poetic words cover up inadequate action.President Obama did not go far enough today and he really needs to throw himself in the game,Waskow said.Other countries, however, did step up: China expressed readiness to set a carbon intensity target and Japan announced to the world its intention to achieve substantial emissions cuts by 2020.
Russian links Iran sanctions to US missile change By ROBERT BURNS, AP National Security Writer – SEPT 23,09
NEW YORK – With a diplomatic wink and nod, Russian President Dmitry Medvedev opened the door Wednesday to backing potential sanctions against Iran as a reward to President Barack Obama's decision to scale back a U.S. missile shield in Eastern Europe.While U.S. and Russian officials denied a flat-out quid pro quo, Medvedev told the U.N. General Assembly that Obama's pivot on a missile defense plan long loathed by Moscow deserves a positive response.Obama himself has said his missile decision created Russian good will.We believe we need to help Iran to take a right decision,Medvedev said after the two leaders met on the sidelines of the U.N. assembly.The prospect of a unified U.S.-Russian stance on new sanctions would put Iran under added pressure to yield some ground on its nuclear program. Iranian President Mahmoud Ahmadinejad has taken a softer tone on many matters since arriving in New York for the U.N. meetings, emphasizing his interest in improving relations with the United States and expressing an openness to include nuclear matters on the negotiations agenda.He has given no sign, however, that his country is willing to bargain away its nuclear program, which he insists is for peaceful purposes only.In his speech to the General Assembly on Wednesday night, Ahmadinejad made no explicit reference to nuclear matters or prospective sanctions.Obama's chief Russia adviser, Mike McFaul, told reporters after the meeting with Medvedev that there was no deal with Moscow on missile defense and Iran. Pressed further, he said: Is it the case that it changes the climate? That's true, of course. But it's not cause-and-effect.
A member of the Russian delegation, speaking on condition of anonymity under ground rules set by the Russians, said Moscow's final position on the question of imposing further sanctions would be determined, to a large extent, by Medvedev's consultations here.The U.S. and Russia are among six countries that will hold talks in Europe next week with Iran over its nuclear ambitions. Obama wants to reserve the possibility of pursuing tougher sanctions if those meetings lead to no restraint by Iran in the weeks ahead. And yet Russia, which has strong economic ties with Tehran, has stood in the way of stronger action against Iran in the past.In remarks to reporters with Medvedev at his side, Obama said both agree that negotiations with Iran are still the best approach.We also both agree that if Iran does not respond to serious negotiations and resolve this issue in a way that assures the international community that it's meeting its commitments, and is not developing nuclear weapons, then we will have to take additional actions and that sanctions, serious additional sanctions, remain a possibility,Obama said.Medvedev told reporters that the intent is to move Iran in the right direction and to ensure that it does not obtain nuclear weapons.Sanctions rarely lead to productive results but in some cases are inevitable,he said through an interpreter.
Medvedev also mentioned that his government welcomed Obama's decision last week to scrap a Bush administration plan for a missile defense system to be based in Poland and the Czech Republic. He gave no indication that his remark about the sanctions on Iran was a diplomatic payoff for Obama's missile defense move.In his address to the U.N. General Assembly earlier Wednesday, Obama stuck to his two-pronged approach to Iran — acknowledging its right to the peaceful use of nuclear energy while warning of unspecified penalties if it veers onto the weapons path.We must insist that the future not belong to fear,he said.
Ahmadinejad was speaking Wednesday evening.The public rhetoric Wednesday suggested little improvement in the long-shot outlook for a diplomatic breakthrough next week when the U.S. will, for the first time, fully participate in European-led talks with Iran.Secretary of State Hillary Rodham Clinton met Wednesday with her counterparts from Russia, China, Britain, France and Germany to prepare for the Oct. 1 meeting in Geneva. Afterward British Foreign Secretary David Miliband read a statement on behalf of all six countries saying they expect a serious response from Iran at the meeting. What happens after that, Miliband said, will be determined by the outcome of the meeting.Ahmadinejad told The Associated Press on Tuesday that in Geneva he would ask to purchase enriched uranium for a research reactor. That could put the U.S. and its five negotiating partners in a bind. Until now, Iran has produced only low-enriched uranium not suitable for a research reactor. But it could use refusal of its request as a pretext to start producing highly enriched material.In his speech Obama did not mention the Geneva talks, which fulfill a campaign pledge to engage adversaries. He framed the Iran issue as central to his broader push to strengthen international limits on the spread of nuclear weapons.Obama singled both Iran and North Korea, which has made more progress than Iran in becoming a nuclear power, as countries that now are at a crossroads.Those nations that refuse to live up to their obligations must face consequences,Obama said.The risk for Obama, in the case of Iran, is that the government will use the new talks to stall for time even as international patience wears thin. That is essentially what has happened with North Korea, which agreed at one stage to dismantle its nuclear weapons facilities but then balked and has since defied the will of the U.N. by conducting underground nuclear tests and test-launching missiles.
Obama came into office promising a more vigorous diplomatic effort with Iran, which also stands accused by the U.S. of supporting international terrorism, undermining Mideast peace efforts and secretly supplying arms to insurgents in Iraq and Afghanistan.Obama has not ruled out the eventual use of military force to stop Iran, but his focus now is on diplomacy.In the meantime, Iran is expected to continue expanding its capacity for enriching uranium, the building block of a nuclear weapon. Still, Ahmadinejad said Iran has no interest in nuclear weapons and favors a push for global nuclear disarmament.We are not pursuing a nuclear weapons program, he said in the AP interview.The Iranian leader insisted that it is the United States that bears the greatest burden in nuclear disarmament. The U.S., he noted, possesses thousands of weapons, is the only country in history to have used them in war and refuses to promise never to initiate another nuclear attack.Iran, he said, is the wrong address for delivering international pressure to pull back.Obama, however, indicated that Iran needs to clarify its intentions and the nature of its nuclear work by cooperating more fully with the International Atomic Energy Agency, the U.N. agency that is supposed to monitor nuclear programs to ensure they are not used to make weapons.Associated Press writers Ben Feller, Matthew Lee and Slobodan Lekic contributed to this story.
EU ministers concerned about teaching profession
VALENTINA POP Today SEPT 24,09 @ 09:29 CET
EUOBSERVER / BRUSSELS – European education ministers gathered for an informal meeting in Goteborg on Wednesday (23 September) and Thursday discussed ways to improve the teaching profession and make it more attractive as a job prospect for bright students.We are facing major problems in Europe when it comes to our school systems. Results have been falling for a long time and schools must improve,Swedish education minister Jan Bjorklund, the host of the event said in the opening session.
Education policies are the competence of national governments, but the Swedish EU presidency hopes to exchange ideas and carve out common solutions,he said.Mr Bjorklund draw a parallel with 20-30 years ago, when becoming a teacher was as respected as becoming a lawyer or a doctor.The situation today is quite different. Very few top students choose to become teachers,he noted.Europe's 6 million teachers are often under-qualified, under-paid and three in four have no feedback on their work, a study published by the Organisation for Economic Co-operation and Development (OECD) earlier this year, revealed.According to statistics presented by OECD's Barbara Ischinger, when a 9-10 year old has a highly-qualified teacher, his own performance increases from 50 to 90 percent, whereas when the teacher is less qualified, his score goes down to 35 percent.It is all about spurring the teachers on, rewarding the good work they put in and making sure that the opportunity for further training is available to teachers if necessary. Here, school heads bear a great responsibility,Ms Ischinger said in Goteburg.Outgoing EU education commissioner Jan Figel spoke about the training and exchange programmes funded by the bloc's executive body.Recently the commission started working with member states wishing to develop and improve their teacher education,Mr Figel said.The biggest challenge in Europe, he explained, is that many of the teachers are in their 40-50s and more reluctant to acquire the new skills they need to prepare children for a fast-changing world.In a separate development, the Slovakian government announced on Wednesday that its ambassador to the EU, Maros Sefcovic, is replacing Mr Figel as education commissioner.The Slovak politician formally resigned from the EU executive on Saturday following his election as chairman of the opposition Christian Democratic Party.
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