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Monday, December 16, 2013

Route 1 to Jerusalem closed again due to ice





Police closed off access to Jerusalem via Route 1 due to ice on the road early Sunday morning. The highway from Tel Aviv had been open for a few hours Saturday night to public transportation after being closed for two days during the worst storm to hit Israel in decades.

Earlier, police chiefs said they would decide whether private vehicles would be allowed access to the road on Sunday morning. Road 443 leading to and from Jerusalem was still sealed off, as emergency services worked to clear it of vehicles abandoned by drivers early in the storm, during the night between Thursday and Friday.


Several other major roads across the country remained closed Saturday night.

Israel faced another freezing night Saturday, with fears of icy roads nationwide, but the storm was winding down and no further snow was forecast. Much of Jerusalem and northern Israel were still deep in snow, and much of the rest of the country was still grappling with stormy conditions. Four Israelis were known to have died since the storms began Wednesday night.

Jerusalem Mayor Nir Barkat said Saturday that his municipality was still working “in a state of emergency,” grappling with a “storm of extraordinary proportions.” Prime Minister Benjamin Netanyahu called it a “once-in-a-century” storm, and said efficient coordination had averted the kind of loss of life that other countries had suffered in similar circumstances.

“Our first goal is to help [the] thousands [of people] who are still without power. Until the power comes back, there is a big effort by volunteers, activists and even the IDF to help those affected,” Barkat said. The mayor added that municipality officials were working with the Israel Electric Corporation to clear roads affected by fallen trees and power lines.

Israel’s National Police Commissioner Yohanan Danino said Saturday evening that the police was making every effort to return a sense of normalcy to people’s lives. Stressing the roads remain dangerous because of the ice and the snow, Danino urged drivers to proceed carefully on reopened roads.

Schools were to stay closed Sunday in Jerusalem, Mevasseret Zion, the Etzion Bloc, Safed and the Golan Heights.

The snow reached 40-60 centimeters in Jerusalem and between 60 centimeters and one meter in the Golan.

The storm, which hit hard in Syria, Jordan, the West Bank, Gaza and Egypt as well, and was given the international name Alexa, was largely over in Israel by Saturday night. Sunday was set to be partly cloudy and colder than normal for the time of year.
View image on Twitter


The Sea of Galilee rose 8 centimeters as a consequence of the storm, which also threw 176 cm of rain onto Jerusalem, and 157 cm onto Tel Aviv — far more than the usual rainfall in those cities for the entire month.

The damage caused by the storm was assessed at over NIS 120 million ($34 million), according to Israel Radio. Officials from the Finance Ministry said the Treasury would look into covering some of the costs incurred by municipalities in dealing with the consequences of the storm, such as floods and damage to infrastructure.

Twenty thousand households were still without power nationwide as of Saturday evening, including 9,000 in Jerusalem and its environs, as well as more than 1,000 in Safed. Some 80 villages around Jerusalem had been without power at the height of the storm, and 30 were still disconnected on Saturday evening. At least three villages in the Golan Heights, which is better equipped to handle storms and snowfall, had been without electricity over the weekend, but were reconnected Saturday night.

On Saturday afternoon, the bodies of two men in their 20s from the Bedouin town of Rahat were found by rescue services after three days of searching. The men had set out on Wednesday in a 4×4 and went missing near the Dead Sea. Police believe their vehicle was swept away in the storm in the area of Nahal Tze’elim.

Overnight Friday-Saturday, a one-year-old toddler in Lod died from his injuries after the heater placed in his room to combat the severe cold brought on by the storm caught fire. The toddler’s father sustained light injuries trying to save him.

On Friday, a 36-year-old Rishon Lezion resident slid off of his roof and died during the storm. The man had climbed onto the roof to repair a leak, according to local sources. The impact of the fall from a height of approximately 15 feet was fatal, a Magen David Adom crew that arrived on the scene said.

On Saturday afternoon, an IAF aircraft evacuated an Israeli woman in labor from the settlement of Yitzhar, in the West Bank, to a hospital where she gave birth safely. Some 2,000 people were hospitalized and 7,000 calls were made to emergency services as the storm raged.

Internal Security Minister Yitzhak Aharonovitch on Saturday evening praised rescue efforts nationwide, saying there had been no direct fatalities in the storm — apparently unaware of the two Bedouin fatalities. He predicted another very cold night, with conditions improving in the course of Sunday.

Tel Aviv and surrounding cities also experienced hail, heavy rains and flooding on Friday night

With access to the capital closed to traffic both in an inbound and outbound direction for much of Friday and Saturday, special trains to Tel Aviv and Haifa left from the Malha train station throughout Saturday — a departure from the Shabbat norms under which the railway to and from Jerusalem is closed.

Major traffic arteries were closed to traffic Friday and Saturday, as was road access to the Golan Heights, including the Mount Hermon ski site. Drivers were urged not to drive toward the southern Hebron Hills due to slippery roads, and the roads to Zikim and Nitzanim were closed due to flooding.

Late Saturday morning, IDF armored vehicles could be seen ploughing through the streets of the cities hit heaviest by the storm, as well as on roads clogged by snow en route to Jerusalem.
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Credit to Times of Israel


Sunday, December 15, 2013

Lindsey Williams Global Currency Reset 2013-12-06

Lock These Terrorists Up

Snowstorm to Focus From NYC to Boston Saturday Night

Heavy snow will focus on the Northeast Saturday night, as snow diminishes over the Midwest. However, far-reaching travel disruptions will continue.

The snowstorm has already spanned more than 1,000 miles. Snow has reached every major city and rural area from St. Louis to Boston, including Chicago, Detroit, Indianapolis, Cleveland, Pittsburgh, Philadelphia and New York City. The area encompasses about 110 million people.

Track the storm Live on AccuWeather.com.

Thanks to recent Arctic air making roads and sidewalks much colder compared to previous storms, enough snow to shovel and plow has occurred in Illinois, Wisconsin and Missouri and is in store from parts of Illinois, Indiana, Michigan, Ohio, West Virginia, Virginia, Maryland and New Jersey to much of Pennsylvania, New York, Massachusetts, Connecticut, Rhode Island, Vermont, New Hampshire and Maine.
@Leadership_One tweeted: "Snowstorm to Impact More Than 1,000 Miles From St. Louis to Boston. Looks like Old Man Winter is showing up early"

Not only will the storm make roads and sidewalks slippery, raising the risk for slip-and-fall incidents and auto accidents, but it is likely to cause many flight delays and cancellations. The visibility will be poor, runways will become snow covered and aircraft will need to be de-iced.



The storm could cause shipping delays and force Christmas shoppers to change their plans for the weekend.

The recent cold weather, this storm, and others will translate to plenty of snow on the ski slopes.

In the wake of the storm, areas made wet and slushy from melting during the day on Sunday will freeze on Sunday night, producing patches of black ice.

Midwest


Long stretches of the I-69, I-75, I-80 and I-90 corridors have been hit with heavy snow, falling at the rate of up to an inch per hour in the Midwest.

Even though the snow will wind down Saturday night from west to east in this area, many secondary roads and city streets will remain snow covered.
Credit to Accuweather

Saturday, December 14, 2013

Russian Regulator Shuts Three More Banks

Investbank

Russia’s financial regulator revoked the banking licenses of three mid-sized banks Friday as the authorities expand a banking sector crackdown.

The operations of Investbank, Russia’s 84th largest bank by assets according to finance website allbanks.ru, BPF Bank, the country’s 142nd biggest bank, and Smolensk Bank, the 109th largest bank, were all suspended, according to statements by Bank Rossii, Russia’s central bank.

Insurance payments to clients of the three banks, which will begin on December 27, will total 51 billion rubles ($1.6 billion), Russia’s Deposit Insurance Agency said Friday.

Almost 30 Russian banks have lost their licenses this year as the regulator seeks to tighten oversight of the country’s lenders and rein in shadow banking activity.

The central bank said that Investbank was guilty of false financial reporting and inadequate capital levels, while BPF was a threat to creditors due to its high-risk borrowing.

Smolensk Bank had not observed its obligations to creditors and depositors, while simultaneously “engaging in deals aimed at asset stripping,” according to the central bank.

The central bank’s move did not come out of the blue, with all three banks reportedly under financial pressure in recent days and weeks.

Investbank’s offices temporarily suspended operations in Russia’s westernmost region of Kaliningrad on Thursday after what the bank described in a statement as the “unfounded panic of depositors.”

BPF has had problems honoring obligations since November. Smolensk Bank has also had liquidity problems, and earlier this month requested financial assistance from the central bank.

In November the central bank revoked the license of major Moscow-based lender Master Bank, causing widespread problems with payment transactions across the country. The regulator said that Master Bank had been involved in money laundering and “large-scale suspicious operations.”

Elvira Nabiullina, who was appointed as chairman of Bank Rossii earlier in June, has made a campaign against shadowy banking activity a key part of her agenda for the regulator.

The crackdown has caused widespread unease, and experts have predicted that it could precipitate a flood of new customers for the large state-owned banks that dominate the banking sector.

Following the demise of Master Bank, Nabiullina warned lawmakers it was not the only bank in such a precarious situation and that more license revocations were likely to follow.

President Vladimir Putin expressed his support for the crackdown during his annual State of the Nation address Thursday. “We must continue our principled and firm approach to rescuing our financial-credit system from various money laundering operations,” he told top officials and businessmen.

Outgoing central bank chairman Sergei Ignatyev told Russia’s Vedomosti newspaper in February that Russia lost about $49 billion in illicit capital flight in 2012 that includes tax avoidance, bribes and payments for illegal narcotics.

RIA Novosti

Marc Faber: Dollar Meltdown, Massive Financial Bubble, Economic Collapse

Severe snow storm hits Mideast