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Monday, May 9, 2011

Pastor wilkerson vision in 1973

AMOS 3:6-8
6Shall a trumpet be blown in the city, and the people not be afraid? shall there be evil in a city, and the LORD hath not done it?
 7Surely the Lord GOD will do nothing, but he revealeth his secret unto his servants the prophets.
 8The lion hath roared, who will not fear? the Lord GOD hath spoken, who can but prophesy?

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Brazil Supreme Court awards gay couples new rights

Brazil's Supreme Court has voted overwhelmingly in favour of allowing same-sex couples the same legal rights as married heterosexuals.

The decision was approved by 10-0 with one abstention.

The ruling will give gay couples in "stable" partnerships the same financial and social rights enjoyed by those in heterosexual relationships.

Brazil is the world's most populous Roman Catholic nation and has an estimated 60,000 gay couples.

The ruling makes Brazil one of very few South American nations, after Argentina and Uruguay, to allow gay unions with benefits similar to those afforded a heterosexual married couple.

"The freedom to pursue one's own sexuality is part of an individual's freedom of expression," said Justice Carlos Ayres Britto, the author of the ruling.

Gay activists welcomed the decision, saying it marked an "historic day" for the country.

"The degree of civilisation of a country can be measured by the way people in a nation treat their homosexual community," Claudio Nascimento, head of Rio de Janeiro state's Gay, Lesbian and Transsexuals Committee said, according to O Globo.

From now on same sex couples will be able to register their civil partnerships with solicitors and public bodies, giving them proper inheritance and pension rights.

However, the landmark ruling stops short of recognising gay marriage, which could involve public or religious ceremonies.

Brazil's Roman Catholic Church had argued against the decision to allow civil unions, saying the only union referred to within Brazil's constitution was that between a man and a woman.

But the country's recently elected President Dilma Rousseff has made the issue one of her big social policy reforms.


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EU under pressure to revise Irish and Greek bailouts

Aidan Crawley/Bloomberg

DUBLIN/LONDON – The European Union is under pressure to renegotiate its financial bailouts of Ireland and Greece after an Irish minister said any concessions given to Athens should mean better terms for Dublin as well.

The 110-billion-euro (US$157-billion) rescue of Greece, agreed in May last year, and the 85-billion-euro scheme for Ireland, put together in November, were meant to be the cornerstones of the eurozone’s response to its sovereign debt crisis.

The fact that both may now be revised, in Greece’s case perhaps radically, underlines how they so far have failed to convince markets that the problems are in hand, and suggests Europe may be on the hook to supply fresh aid for years to come.

Irish Minister for Energy Pat Rabbitte told state broadcaster RTE on Sunday he would like to see a rescheduling of the emergency loans extended to Ireland under the bailout by the European Union and the International Monetary Fund.

“Quite frankly the (interest) rate on Ireland must be reduced and in my own view the debt must also be rescheduled but that’s another issue,” Mr. Rabbitte said.

He said Ireland intended to continue negotiating improvements in the bailout terms throughout the scheme’s three-year life.

Mr. Rabbitte said this would make sense in light of the situation in Greece. After a secretive meeting of top euro zone finance officials in Luxembourg on Friday night, Jean-Claude Juncker, chairman of the zone’s finance ministers, said there was consensus that Greece needed a new plan.

“We think that Greece does need a further adjustment programme,” Mr. Juncker said after talks with the finance ministers of Greece and the zone’s biggest economies: Germany, France, Italy and Spain.

“This has to be discussed in detail and will be taken up at the next Eurogroup meeting on May 16,” Mr. Juncker said, referring to a conference of finance ministers of all 17 euro zone states.

British finance minister George Osborne agreed on Sunday that Greece might need additional aid but said Britain, which is outside the euro zone, should not have to provide any. He acknowledged that markets doubted Greece could meet the requirements of its current rescue plan.

“The market is quite skeptical about that happening and I suspect a lot of my time over the next few weeks is going to be with other European finance ministers talking about how we try to help the Greeks get through this situation,” he told the BBC.


Any renegotiation of the financial terms or economic targets in the Greek and Irish schemes could complicate the rescue of Portugal, which last week became the third euro zone state to agree on an EU/IMF bailout.

Portugal’s main political parties have committed themselves to supporting the 78-billion-euro plan after elections on June 5 produce a new government. But if Greece and Ireland are allowed to renegotiate their bailouts, it may be hard to deny Portugal the same opportunity if a future government in Lisbon decides that is necessary.

A revised Greek plan could include pushing further into the future the targets for Greece to cut its budget deficit, easing the terms of its emergency loans, and giving it additional money, EU official sources and analysts say.

Publicly, officials in Athens and around Europe continue to insist that restructuring the Greek government bonds held by private investors is not on the cards. But privately, officials increasingly concede that some form of restructuring — perhaps an extension of maturities on the bonds — may be inevitable.

Any restructuring of Greek bonds would fuel speculation about similar action for Ireland and Portugal. The Irish Mail on Sunday reported, quoting an unnamed senior minister in Dublin, that Ireland’s government expected the country’s debt would be restructured within the next three years.

Eurozone governments are desperate to rescue the bloc’s weakest states for fear that a chain reaction of debt defaults could savage the region’s banking system. But with taxpayers in rich countries angry about having to pay for the poor countries, it may be hard for all 17 eurozone states to agree on more generous bailout terms.

Governments in some of the smaller countries were irritated when Germany and France privately agreed among themselves last year to push through some crisis steps, and there were signs that Friday’s secretive Luxembourg meeting among a handful of countries also was resented.

Officials from the Netherlands, the fifth biggest euro zone economy, were not invited to Luxembourg and the Dutch government faced domestic criticism over the weekend for its exclusion.

“It is a humiliation and an insult that the Netherlands is being bypassed for talks about Greece,” anti-immigration and eurosceptic member of parliament Geert Wilders told ANP news agency.

Former development aid minister Bert Koenders and former foreign minister Jaap de Hoop Scheffer said all euro zone finance ministers should have been included in the talks.

Dutch finance minister Jan Kees de Jager was assured by the French and German ministers that nothing was decided on Friday and that the Netherlands will have input into any future decisions, a ministry spokeswoman said.

© Thomson Reuters 2011

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Emergency as Russian atomic icebreaker develops nuclear leak Read more: http://www.smh.com.au/world/emergency-as-russian-atomic-icebreaker-develops-nuclear-leak-20110506-1eaok.html#ixzz1LatD7wji

A file shot of the Russian nuclear icebreaker Taimyr in a dock in a seaport of Murmansk.

Russia launched an urgent rescue mission on Thursday after one of its atomic-powered icebreakers developed a nuclear leak in the frozen seas of the Arctic and was forced to abandon its mission.

The Rosatomflot nuclear fleet said in a statement that an "insignificant increase in activity" had been detected on board its 21,000-tonne Taimyr icebreaker.

But the incident was serious enough to force the vessel to abandon its mission and begin a five-day journey back to its home port in the north-western city of Murmansk.

Read more: http://www.smh.com.au/world/emergency-as-russian-atomic-icebreaker-develops-nuclear-leak-20110506-1eaok.html#ixzz1LatFJwkw

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Israel to invest one billion dollars in Iron Dome missile defense system

Defense Ministry director general Maj. Gen. (res. ) Udi Shani says that Israel plans to invest nearly $1 billion in the coming years for the development and production of Iron Dome rocket interception batteries. 

Shani reveals that five countries have already expressed an interest in the system, especially following its successful operational interception of rockets fired from the Gaza Strip last month. 

In his first press interview since his appointment in January 2010, Shani was keen to put the success of Iron Dome into perspective. 

"We need to adjust expectations in relation to Iron Dome, both in regard to the citizens but also vis a vis the political leadership," Shani said. ... 

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The US Federal Debt Is Unpayable

The US Federal Debt Is Unpayable

Around 1918, the UK went into decline. By the mid 1970’s, it was bankrupt. Starting in 1979, it experienced a bounce-back rally of sorts – thanks to their oil fields in the North Sea. Most people give Maggie Thatcher credit for their comeback, but the real white knight for the UK was the North Sea oil discovery,” he said.

You give me the largest oil field in the world, and I’ll show you a good time too. But the US would need four or five North Sea oil fields to save the current situation...because the Federal debt is unpayable. - www.minyanville.com

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Scores of Indonesian youths vow to avenge bin Laden's death

Indonesian Muslim youths who call themselves Al Kaida (Alliance of Anti-Israel and America Command) shout ''God is great'' during a declaration in Solo, in Indonesia's central Java province May 6, 2011. REUTERS/Andry Prasetyo

(Reuters) - Scores of Indonesian men rallied on Friday to publicly vow their readiness to sacrifice their lives to avenge the death of Osama bin Laden, in a sign of the al Qaeda leader's popularity among hard-core Islamists in the most populous Muslim country.

The group, calling itself Al Kaida Solo, said it would focus attacks on the United States -- but there was no indication that it had the capacity to do so, or whether it was just bluster.

Several police kept watch on the rally in the city of Solo in central Java, but no one was detained.

"One hundred youths from Solo are ready to die to take revenge on the death of Osama," declared Choirul, a cleric in Al Kaida Solo and also a member of the Islamic Defenders Front (FPI) which has a history of violence including attacks on bars, nightclubs and the offices of Indonesia's Playboy magazine.

"His fight will not be ending," Choirul told the assembled group of around 60 men dressed in white Muslim robes with their faces covered to hide their identity.

Several other Indonesian Islamists have hailed bin Laden as a martyr this week, showing the continued militancy of some Southeast Asian groups, one of which predicted a major reprisal attack.

Security experts said the risk of attacks had risen.


Ben Bernanke Doesn’t Know About Currency Movements, He Doesn’t Know About Anything

Jim Rogers:

Ben Bernanke Doesn’t Know About Currency Movements, He Doesn’t Know About Anything

All he said was that he didn’t know much about anything. When he was asked about currency movements I nearly fell off my chair.

What does he know about? He doesn’t know about currency movements, he doesn’t know about anything but he does know about printing money, he built his entire intellectual career around printing money and the government has given him control of the printing presses.

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.

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Egypt: 12 Dead in Muslim Attack on Church

Twelve people were killed Saturday when Muslims attacked a church in Cairo, in the second incident of its kind since March. The attack set off violent clashes that ended in hundreds of injuries and almost 200 arrests.

The incident began when a Muslim mob attacked the St. Menas church after hearing rumors that a Christian woman married to a Muslim man had been kidnapped and was being held in the church. There does not appear to have been truth to the rumors.

The mob threw firebombs at the church, chanting, “With our blood and our souls we will defend you, Islam.” The crowds attacked nearby homes and shops with firebombs as well.

Many in the mob carried knives and machetes, and witnesses said they heard gunfire, which apparently came from rooftops.

Clashes broke out as Christians attempted to defend the church. In total, at least six Muslims and three Christians were killed, and more than 230 people were injured, 11 of them critically.

Police attempted to quell the violence, but fighting continued. Later at night a Muslim mob set fire to the nearby Virgin Mary church. On Sunday morning the mob continued the attack, setting fire to a six-story residential building over rumors that Christians had fired on Muslims from its windows.

Many Muslims living near the two churches expressed anger at the Muslim mob, and several Islamic clerics denounced the violence as well.

Similar clashes took place in March. The earlier clashes were also sparked by a rumor of Muslim-Christian love; in that case, Muslims stormed a church and set it on fire after hearing that a Muslim woman was romantically involved with a Christian man, a relationship prohibited by Islamic law, which allows Muslim women to marry only Muslim men.

On New Year's Day a church in Alexandria was bombed, killing 23 people

Israel National News

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stocks will go up because of money printing...Marc Faber

Marc Faber “The more things will go bad, the worse things become, the more the money printer at the Fed, Mr. Bernanke, will print,” “He will print endlessly. Even if things go bad economically, you could have no revenues at companies and no earnings and stocks will go up because of money printing.”
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National Home Prices Double Dip

It's official.

Home prices have double dipped nationwide, now lower than their March 2009 trough, according to a new report from Clear Capital.

It was inevitable, and it was predicted (by me for sure) that a surge in sales of foreclosed properties and a big push by banks to facilitate short sales would force home prices down dramatically.

Sales of bank-owned (REO) properties hit 34.5 percent of the market, according to the survey, resulting in a national price drop of 4.9 percent quarterly and 5 percent year-over-year. National home prices have fallen 11.5 percent in the past nine months, a rate not seen since 2008. Add short sales, where the bank allows the borrower to sell for less than the value of the mortgage, and prices have nowhere to go but down.

"With more than one-third of national home sales being REO (bank owned), market prices are being weighed down as many markets have not regained enough footing to withstand the strain of the high proportion of REO sales," says Clear Capital's Alex Villacorta.

You don't have to tell Los Angeles Realtor Bill Kerbox any of this. LA prices had been improving, and LA is still one of the nation's best performing metro markets right now. Recently, however, prices took a turn, now down 2.4 percent quarter to quarter thanks to 34 percent REO saturation.

"We have definitely seen a number of both short sales and foreclosed properties along the West Side here, and they have definitely taken a hit," bemoans Kerbox. "It hurts to have a very low comp pop up next to your beautiful new home."

While the usual subprime mortgage suspects, like California, Arizona, Florida and Nevada used to rule the foreclosure roost and still have high volumes of distressed properties, the mid-west is seeing a surge in REOs now, thanks to the plain old recession. 40 percent of the Chicago market is foreclosures, 43 percent in Cleveland and 51 percent in Minneapolis. Home prices fell 8.7 percent in the Mid-West during the past three months compared to the previous quarter.

While the foreclosure crisis is abating on the front end, with fewer loans going newly delinquent, the pipeline of seriously delinquent loans is enormous. Banks are now ramping up the foreclosure process after the "robo-signing" paperwork scandal, but at their current pace it would take about four years to process all the bad loans through foreclosure and even longer to sell those homes out on the open market.