Thursday, January 28, 2010

JUDAISM OUR NATURAL RELIGION



We The People Stimulus Package (plus 89 more items)

Link to Rebel Newsflash

We The People Stimulus Package

Posted: 12 Jan 2010 06:37 PM PST

Bob Basso author of "Common Sense" plays the role of Thomas Paine to ignite the fire of change in America. Patriotism and Pride for America lead Thomas Paine to help take back America!

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N. Ireland power-sharing tested as leader steps aside

Posted: 12 Jan 2010 09:25 AM PST

Northern Ireland's leader Peter Robinson has stepped down temporarily amid a scandal over his wife's affair with a teenager, heaping fresh pressure on the province's strained political institutions.

Robinson will stand down for six weeks, lawmakers were told Monday, as the pressure finally got to the first minister after calls mounted for him to go over financial allegations linked to the sex and politics row.

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Judaism: Our National Religion?

Posted: 12 Jan 2010 02:45 AM PST

harmony grantIf America had a national religion, what would it be? We were founded by Christians and deists. Over 75 percent of us still profess Christianity. But I wonder what a space alien would conclude if guessing our national religion based on public officials, public symbols and the discourse we allow.

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Judaism: Our National Religion?

Posted: 12 Jan 2010 02:45 AM PST

harmony grantIf America had a national religion, what would it be? We were founded by Christians and deists. Over 75 percent of us still profess Christianity. But I wonder what a space alien would conclude if guessing our national religion based on public officials, public symbols and the discourse we allow.

Read more...

Judaism: Our National Religion?

Posted: 12 Jan 2010 02:45 AM PST

harmony grantIf America had a national religion, what would it be? We were founded by Christians and deists. Over 75 percent of us still profess Christianity. But I wonder what a space alien would conclude if guessing our national religion based on public officials, public symbols and the discourse we allow.

Read more...

Judaism: Our National Religion?

Posted: 12 Jan 2010 02:45 AM PST

harmony grantIf America had a national religion, what would it be? We were founded by Christians and deists. Over 75 percent of us still profess Christianity. But I wonder what a space alien would conclude if guessing our national religion based on public officials, public symbols and the discourse we allow.

Read more...

Judaism: Our National Religion?

Posted: 12 Jan 2010 02:45 AM PST

harmony grantIf America had a national religion, what would it be? We were founded by Christians and deists. Over 75 percent of us still profess Christianity. But I wonder what a space alien would conclude if guessing our national religion based on public officials, public symbols and the discourse we allow.

Read more...

Israel's Increasing Anti-Christianity

Posted: 12 Jan 2010 02:34 AM PST

ted pikeThe period of the Great Crusades saw the forces of the Christian west and Muslim east engage in futile military efforts to decide who would control Palestine, with power to exclude others. After millions died, the exhausted combatants finally reached a compromise that has proved amicable for nearly a millennium: Each of the three great religions claiming special kinship to Israel—Christians, Jews and Muslims— would have freedom as pilgrims and even residents to worship in the sacred places of the Holy Land.

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Nigerians seek end to power vacuum

Posted: 12 Jan 2010 01:40 AM PST

Nigerian religious leaders, politicians and educators will lead a mass rally in the capital of Abuja to demand the government put an end to the political uncertainty surrounding its ailing president.

Umaru Yar'Adua maintains executive powers even though he left Nigeria seven weeks ago to receive treatment for a heart condition in Saudi Arabia, and has not returned.

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Australians battle heatwave

Posted: 12 Jan 2010 12:42 AM PST

Days of extreme heat conditions in Australia has prompted officials to raise the fire alert to the highest level, with two states warning of "catastrophic" blazes similar to last year's.

Firefighters in South Australia battled fires and their Victoria counterparts braced for trouble as the city of Melbourne baked under the heatwave.

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Former Blair aide faces Iraq probe

Posted: 12 Jan 2010 12:41 AM PST

A former spokesperson for Tony Blair, the British prime minister who sent UK troops into Iraq, will give evidence to a public inquiry on the war.

Alastair Campbell, the first big name witness to appear before the Chilcot inquiry in London, is likely to face questions on Tuesday about the intelligence Britain used to make the case to go to war in 2003.

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UK highlights Pakistan Islamisation

Posted: 12 Jan 2010 12:40 AM PST

Pakistan is likely to become increasingly anti-American in the coming years, complicating US efforts to win its war against various Islamist groups in the region, a new report says.

According to an assessment released on Tuesday by the UK-based Legatum Institute think tank, however, the growing Islamisation in the South Asian republic is still unlikely to lead to a Taliban takeover.

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Bomb blast kills Iranian professor

Posted: 12 Jan 2010 12:39 AM PST

A bomb blast has killed a university professor in the Iranian capital, Tehran, state media has reported.

Massoud Mohammadi, a lecturer at Tehran University, was killed on Tuesday in the north of the capital when a remote-controlled bomb attached to a motorcycle went off, media reports said.

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JAL shares dive on bankruptcy fears

Posted: 12 Jan 2010 12:38 AM PST

A group of airlines including American Airlines and British Airways have stepped up their offer of financial aid to troubled Japan Airlines (JAL) amid reports the carrier is preparing to file for bankruptcy.

The One World airline alliance said on Tuesday it was ready to inject $1.4bn into the Japanese carrier and guarantee $2bn in revenue over the next three years, if JAL stays in the group.

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Tehran blast kills nuclear physic scientist

Posted: 12 Jan 2010 12:37 AM PST

An Iranian nuclear physic scientist has been killed in a remote-controlled bomb attack in the Iranian capital, Tehran.

Dr. Massoud Ali-Mohammadi, a lecturer at the Tehran University and a staunch supporter of the Islamic Revolution, was killed in booby-trapped motorbike blast on Tuesday.

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6 NATO, US troops killed on deadly Monday

Posted: 12 Jan 2010 12:37 AM PST

Foreign troops in Afghanistan have had another deadly day as a new wave of attacks caused the deaths of six NATO forces, mostly American.

A British bomb disposal expert was killed in an explosion in the Musa Qaleh area in northern Helmand province on Monday.

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US Afghan buildup 'showing success'

Posted: 11 Jan 2010 11:11 PM PST

The top US commander in Afghanistan says he believes a recent US troop buildup in the country has started to turn the tide against the Taliban.

In an interview with ABC television on Monday, General Stanley McChrystal said the decision by Barack Obama, the US president, to increase American troop numbers in the country has "changed the way we operate in Afghanistan".

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Tehran blast kills university professor

Posted: 11 Jan 2010 11:09 PM PST

A university professor has been killed in a remote-controlled bomb attack in the Iranian capital, Tehran.

Dr. Massoud Mohammadi, professor of the Tehran University, was killed in booby-trapped motorbike blast on Tuesday.

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Caracas: US wants to provoke Venezuela

Posted: 11 Jan 2010 11:09 PM PST

Despite US denial of trespassing on Venezuelan airspace, Caracas says Washington wanted to provoke the South American nation into launching an attack.

Venezuelan Vice President Ramon Carrizalez on Monday showed diagrams of US violation on state television.

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China tops global auto market in 2009

Posted: 11 Jan 2010 11:09 PM PST

China's auto sales have exceeded 13.64 million units in 2009 to reach record levels due partly to government incentives, an industry association announces.

The official figures released Monday confirm China's position as the world's largest car market during 2009.

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MoD: 1 in 5 British troops unfit for war

Posted: 11 Jan 2010 11:09 PM PST

More than 16,000 British soldiers, or one in five army personnel, are not fit enough for battle, the Ministry of Defense (MoD) has revealed.

The MoD's figures on Tuesday show that at least 9,037 troops are "limited deployable" and unfit for frontline combat duties, while a further 7,220 are "non deployable."

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US rebuffs N Korea peace pact call

Posted: 11 Jan 2010 10:09 PM PST

The US has dismissed a North Korean call for a peace treaty formally ending the Korean War, saying Pyongyang must first commit to ending its nuclear weapons programme.

In a statement on Monday, North Korea said a peace treaty was essential because "the state of war" is a root cause of the hostile relations with Washington.

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Two held over attack on Togolese soccer team

Posted: 11 Jan 2010 09:36 AM PST

Two suspects are in police custody in Angola for Friday's deadly attack perpetrated on the Togolese soccer team that killed three people.

The suspects, who were arrested in Cabinda, are members of the Front of the Liberation of the State of Cabinda (FLEC) — who has claimed responsibility for the attack — Provincial prosecutor Antonio Nito said in a statement.

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Georgia finds National Hero in John McCain

Posted: 11 Jan 2010 09:36 AM PST

The former US presidential candidate, John McCain has received Georgia's Order of the National Hero for his support of Tbilisi during its 2008 South Ossetia military conflict with Russia.

Georgia's President Mikheil Saakashvili gave the Republican senator the award in a ceremony on Monday in the southwestern Georgian resort of Batumi, RIA Novosti reported.

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The New Preface for Jewish Supremacism - latest edition

Posted: 11 Jan 2010 09:00 AM PST

obama and chabad leader levi ShemtovI promise that this book will challenge you. Its amazing documentary evidence will confront some of your most cherished beliefs.

If you can put aside, as best you can, the prejudices you may have on this subject and even preconceptions you might have about me personally, you can more fairly evaluate the ideas and evidence in this book. That is all an author can ask of his reader, and I ask it of you. It is my earnest belief that if you endeavor to keep an open mind, what you read will surprise you.

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Dennis Ross's Myth: The Gaza Connection

Posted: 11 Jan 2010 08:54 AM PST

Last summer a heated debate probed whether Dennis Ross had been forced out as Secretary of State Hillary Clinton's Special Adviser for the Persian Gulf and Southwest Asia, with special emphasis on Iran. One belief was that Ross couldn't navigate the State Department's Bureaucracy and had to be transferred.

More plausible is that he wanted Israel and Afghanistan too, which fell outside the State's job description: Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, UAE, and Yemen.

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Shadow Boxing at Sharm al-Sheikh

Posted: 11 Jan 2010 08:54 AM PST

As the media focus fades away from Egypt and the unprecedented brawl that occurred in the streets of Cairo, it is likely that the world will yet again be treated to Mubarak's routine antics at Sharm al-Sheikh.

The Egyptian Red Sea resort of Sharm el-Sheikh often serves as the setting for Mubarak to distract global attention from his political failures. It is here that he usually appears in a fake mask to don the appearance of a "peace-maker", ostensibly to pursue "peace" on behalf of the Occupied Palestinians.

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What Next, Viva Palestina?

Posted: 11 Jan 2010 08:54 AM PST

Mere words cannot express my admiration for Viva Palestina and those who devote their efforts to it. I love the way they shamed – and not for the first time – the great powers and their gutless leaders.

And for his pains the British MP George Galloway has been declared 'persona non grata' in Egypt. How heartbreaking for him.

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The Quiet American

Posted: 11 Jan 2010 08:54 AM PST

The quiet American was the hero of Graham Greene's novel about the first Vietnam War, the one fought by the French.

He was a young and naïve American, a professor's son who had enjoyed a good education at Harvard, an idealist with all the best intentions. When he was sent to Vietnam, he wanted to help the natives to overcome the two evils as he saw them: French colonialism and Communism. Knowing absolutely nothing about the country in which he was acting, he caused a disaster. The book ends with a massacre, the outcome of his misguided efforts. He illustrated the old saying: "The road to hell is paved with good intentions."

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The Other Side of Oslo Peace Process

Posted: 11 Jan 2010 08:54 AM PST

'Today, we bear witness to an extraordinary act in one of history's defining dramas,' said the then US president Bill Clinton as a prelude to Oslo Peace Process, 'a drama that began in the time of our ancestors when the word went forth from a sliver of land between the river Jordan and the Mediterranean Sea. That hallowed piece of earth, that land of light and revelation is the home to the memories and dreams of Jews, Muslims and Christians throughout the world.'

The world looked forward to Oslo with great hope that it would bring peace and stability to the consecrate piece of land that has been drenched in warfare, hatred and conflicting claims of history etched so deeply in the souls of the people in the Middle East. Though Clinton had apprehensions about the Oslo process evident when he mentioned Oslo accords as a 'brave gamble,' he did express the confidence that the future can be better than the past must endure. But the post-Oslo Palestine has been a deep scar running deep in to the map of humanity. The tenacity and vision of world leaders behind Oslo and Camp David did promise a new beginning, but for ordinary Palestinians, it was the beginning of a new form of Israeli domination over the Palestinians.

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Drug firms made 'false H1N1 claims'

Posted: 11 Jan 2010 08:44 AM PST

The severity of the H1N1 outbreak was deliberately exaggerated by pharmaceutical companies that stood to make billions of dollars from a worldwide scare, a leading European health expert has claimed. Wolfgang Wodarg, head of health at the Council of Europe, has accused the makers of vaccines for the virus of influencing the World Health Organisation's (WHO) decision to declare a pandemic.

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China tests interceptor missile

Posted: 11 Jan 2010 08:38 AM PST

China has successfully tested its advanced air defence capabilities, intercepting a missile in mid-flight within its territory, state media reported.

"The test has achieved the expected objective," the official Xinhua news agency quoted the foreign ministry as saying on Tuesday.

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'US wants to turn Yemen into another Afghanistan'

Posted: 11 Jan 2010 08:37 AM PST

Iranian Foreign Minister Manouchehr Mottaki says the US, Britain, and Israel are implementing a plan to turn Yemen into another Afghanistan.

Addressing a group of students at Imam Sadeq University in Tehran on Monday, Mottaki said the three countries want to make Yemen the fourth Muslim country to be attacked after Iraq, Pakistan, and Afghanistan.

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Congressman seeking to bar Iranians from US

Posted: 11 Jan 2010 08:37 AM PST

A US congressman has announced his plans to reintroduce the Stop Terrorists Entry Program (STEP) Act into Congress, which calls for the deportation of most Iranians without permanent resident status.

The STEP Act, a bill that was originally presented in 2003, would amend the Immigration and Nationality Act to bar citizens of Iran, Cuba, Sudan, Syria, and Yemen from entering the United States.

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Rwandan issues report on Habyarimana assassination

Posted: 11 Jan 2010 08:37 AM PST

A Rwandan government report on the assassination of then Rwandan president Juvenal Habyarimana in 1994 has implicated Hutu Power Movement leader Theoneste Bagosora as the mastermind.

The UN International Criminal Tribunal sentenced Bagosora to life in prison in 2008 for instigating Rwanda's 1994 genocide, in which 800,000 to one million ethnic Tutsis and Hutus were killed.

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US Fed maintains secrecy on banks bailout

Posted: 11 Jan 2010 08:37 AM PST

The United States Federal Reserve is making an effort to block a court decision on divulging the government's trillion dollar program to save major US banks.

The US central bank has asked the Court of Appeals in Manhattan to refrain from revealing the 'secret identities' of the country's main creditors in a move against the Freedom of Information Act, Bloomberg reported on Monday.

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French soldier killed in Afghanistan

Posted: 11 Jan 2010 08:37 AM PST

A French soldier has been killed and another has been seriously injured when their patrol was attacked by insurgents in northeast Kabul.

French authorities confirmed the death, which resulted form a Monday attack in Alasay valley.

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EU says Iran has made 'mistakes'

Posted: 11 Jan 2010 08:36 AM PST

The new European Union foreign policy chief said Monday that Iran should make up for the "mistakes" it has made in its relationship with the West.

Iran is "a country which is steeped in history, and I feel that it has made mistakes. If the country wants to be treated as I believe its history, geography and people deserve, it has to work with us," said Catherine Ashton during her confirmation hearing in the European Parliament.

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Rafsanjani says Iran crisis must be resolved

Posted: 11 Jan 2010 08:36 AM PST

The chairman of Iran's Expediency Council said Monday the increasing frictions between political factions are the most important crisis in the country and should be resolved.

Ayatollah Akbar Hashemi-Rafsanjani said the root of the crisis must be identified to deal with the problem, the Iranian Students News Agency (ISNA) reported.

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Turkey says Israel threatening global peace

Posted: 11 Jan 2010 08:36 AM PST

Turkey's Prime Minister Recep Tayyip Erdogan has lashed out at Israel over the violation of Lebanese airspace through which it threatens peace in the region.

Speaking at a joint press conference with his Lebanese counterpart Saad Hariri, Erdogan said Israel has to stop violating Lebanon's airspace and its territorial waters, the Associated Press reported on Monday.

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Ayers to O'Reilly: Stop yelling, Start listening!

Posted: 11 Jan 2010 08:10 AM PST

RT interviews controversial professor Bill Ayers. He has been dubbed a "domestic terrorist" by the mainstream media, and Bill O'Reilly warned to slap him. Ayers now responds to the lash-out.

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Nato troops killed in Afghanistan

Posted: 11 Jan 2010 08:10 AM PST

At least six international troops have been killed during a wave of violence in some of the most volatile regions of Afghanistan, Nato officials have said.

Nato officials on Monday said that the dead included three Americans killed in southern Afghanistan, one French soldier who died in the northeast of the capital, Kabul, and two others whose nationalities were not officially given.

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Jail terms for Georgian 'mutineers'

Posted: 11 Jan 2010 08:09 AM PST

A Georgian court has given three military officials jail terms of up to 30 years for leading a brief mutiny last year in what authorities described as as military coup.

The uprising, which took place at the Mukhrovani tank base near Tbilisi, the capital, on May 5, 2009, was seen as an attempt to overthrow Mikheil Saakashvili, Georgia's president.

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Call to throw out Guantanamo case

Posted: 11 Jan 2010 07:10 AM PST

The criminal case against the first Guantanamo detainee standing trial in a US civilian court should be thrown out because he was denied the right to a speedy trial, defence lawyers have argued.

But the US government said in the Manhattan federal court on Monday that gathering intelligence from Ahmed Khalfan Ghailani during interrogations was "weightier, more significant" than giving him a speedy trial.

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Massive protests in Karachi over police raids

Posted: 11 Jan 2010 07:09 AM PST

Pakistani police fire teargas at several thousand Lyari protesters in Karachi rallying against paramilitary and police search operations following a rash of violence in the city.

Nearly 10,000 people marched towards the residences of the chief minister and the governor to protest against the pre-dawn raids, carried out by the law-enforcement agencies in different parts of Karachi's Lyari area, to round up suspects believed to be involved in the recent wave of violence and targeted killings across the city.

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Blackwater/Xe mercs arrive in Somalia, Al-Shabab says

Posted: 11 Jan 2010 07:09 AM PST

At least 18 people have been killed in clashes between rival factions in southern and central Somalia, and there are reports that Blackwater/Xe mercenaries have entered the country.

A battle broke out between the pro-government Ahlu Sunnah militia and Hizbul Islam fighters in the town of Baladwayne on Sunday and went well into Monday, during which at least 13 people lost their lives, witnesses said.

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Syria, Iran call for regional cooperation

Posted: 11 Jan 2010 07:09 AM PST

Syrian President Bashar al-Assad has called for additional consultations among regional states to devise ways to counter the plots of foreign powers.

During a meeting with Iranian Foreign Minister Manouchehr Mottaki in Damascus on Monday, Assad said that any cooperation between Iran and Syria could be "constructive" for efforts to resolve the problems facing the region.

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P5+1 to discuss Iran nuclear issue in New York

Posted: 11 Jan 2010 07:09 AM PST

The five permanent members of the UN Security Council plus Germany will meet later this week to discuss Iran's nuclear program.

The six countries, which are known as the P5+1 group, will meet in New York to hold discussions on whether to impose sanctions on Iran over its nuclear program.

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Indian, Bangladeshi PMs rekindle ties

Posted: 11 Jan 2010 07:08 AM PST

The prime ministers of India and Bangladesh meet in New Delhi to cement ties between the two south Asian neighbors and sign five cooperation pacts.

Dr. Manmohan Singh and his counterpart, Ms. Sheikh Hasina Wajed, met Monday to discuss bilateral relations, focusing on security, terrorism, border issues, trade and cooperation in infrastructure building.

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Italian foreign minister begins Africa tour

Posted: 11 Jan 2010 07:08 AM PST

Italian Foreign Minister Franco Frattini's official visit to Mauritania on Monday marks the beginning of his seven-nation African tour.

In an interview with Rome-based daily Il Tempo, Frattini said the visits aim to "defend Italy's concrete national interests," by seeking a more developed level of cooperation in their mutual efforts to battle terrorism and piracy, as well as exploring Italian business opportunities.

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Lebanon fires at Israeli jets violating its airspace

Posted: 11 Jan 2010 07:08 AM PST

The Lebanese army says its anti-aircraft artillery fired at four Israeli fighter jets flying over the country's southern airspace at low altitude on Monday.

"The army's anti-aircraft guns fired at four enemy Israeli planes that had been overflying the (southern) area of Marjayoun this morning," an army spokesman told AFP.

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Houthis 'seize 3 Yemeni bases in north'

Posted: 11 Jan 2010 07:08 AM PST

Houthi fighters in Yemen say they have managed to capture three military bases after fierce fighting with the government forces near the northern city of Sa'ada.

The fighters released a statement on Monday, saying that they had seized the military bases after a long battle with Yemeni forces, prompting them to launch attacks against civilians in the area.

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Reid urges US Airways review Vegas flight cuts

Posted: 11 Jan 2010 07:08 AM PST

The US Senate majority leader Harry Reid has asked the US Airways to review its plan to cut back on its flights to Las Vegas amid unemployment odds that is gripping the resort city in the state of Nevada.

The Nevada Democratic Senator described the move by the civilian air passenger company as "shortsighted," the Associated Press reported.

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Chewing Gun: McCain gets National Hero of Georgia

Posted: 11 Jan 2010 06:41 AM PST

Georgian President Mikhail Saakashvili awarded US Senator John mccain with the the Order of the National Hero. "John mccain demonstrated heroism for America and for Georgia" - proudly said Saakashvili. Former US Presidential Candidate was also presented a gun. As Saakashvili stated "it was a gun sold by one Russian General to a Georgian businessman during military conflict in the Caucasus in August 2008". At that time mccain repeatedly backed Georgia, which attacked South Ossetia.

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Low Law & Order: Inside look at Afghan police failures

Posted: 11 Jan 2010 05:38 AM PST

Afghan police are failing to tackle the flourishing drug trade and insurgent violence, despite billions being spent by international forces to bolster security. As rt's Paula Slier reports, foreign training programs are getting poor results because of corruption, illiteracy and a lack of infrastructure.

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The Ultimate US Terrorism List

Posted: 11 Jan 2010 05:34 AM PST

However President Obama is judged on various subjects for his first year in office, he has already made history in the way that neither his predecessor nor any other leader has ever managed.

On January 3, 2010, the Transportation Security Administration (TSA) issued new security directives to all United States and international air carriers with inbound flights to the U.S. effective January 4, 2010. The TSA press release sought to assure the traveling public:  "The new directive includes long-term sustainable security measures developed in consultation with law enforcement officials and our domestic and international partners."

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Mubarak Creates PR Disaster for Egypt and Himself

Posted: 11 Jan 2010 05:34 AM PST

Hosni Mubarak, President of Egypt, has plumbed new depths and caused deep offence with his shameful bullying of the Viva Palestina convoy bound for Gaza, which had driven for weeks and thousands of miles from many countries to bring medical aid and other relief to women and children cruelly shut off from the world and under endless lethal bombardment by Israel.

The dirty tricks resorted to by Mubarak and his lieutenants, which repeatedly delayed the convoy when only a few hours away from its destination, forced it to retrace its steps and take a dangerous and unnecessary sea voyage menaced by Israeli gunboats, heaped massive extra costs on the mercy mission then confronted it with 2,000 riot police, put him and his rotten regime beyond the pale. In other words, far outside acceptable standards of decency.

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Gaza and the path to accountability

Posted: 11 Jan 2010 05:21 AM PST

British Prime Minister Gordon Brown and Secretary of State for Foreign Affairs David Milliband acted swiftly to withdraw the warrant for the arrest of former Israeli Foreign Minister Tzipi Livni, one of the architects of last winter's Israeli attack on Gaza. A British magistrate issued the warrant under universal jurisdiction laws in response to allegations of war crimes committed by Israel in Gaza. This prompted Brown to phone Livni and assure her she was "welcome" in Britain, and Milliband stated his government's intention to remove the power of UK magistrates to issue any such future warrants against Israeli politicians.

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Winter bliss in Sweden

Posted: 11 Jan 2010 05:19 AM PST

In Europe sub zero temperatures are continuing to disrupt travel as an unusually harsh winter continues to affect the continent. In Sweden the mercury has dropped to minus 30 in many parts of the country, 26 degrees colder than normal. Yet unlike other European countries, such as Britain, many services are running as normal Nicholas Haque reports.

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Sudan: Sliding back into civil war

Posted: 11 Jan 2010 05:19 AM PST

Five years after a peace deal ending Sudan's 22-year-long civil war, there are fears of the country sliding back into all-out war between the North and the South. With calls to world leaders to intervene and bolster the fragile peace agreement, what can be done to avoid conflict in Sudan? What can the world powers do for Sudan?

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The Recession Is Over, the Depression Just Beginning

Posted: 11 Jan 2010 05:15 AM PST

steve lendmanIn late 2009, former Merrill Lynch economist, now with the Canadian firm, Gluskin Sheff, said the following:

"The credit collapse and the accompanying deflation and overcapacity are going to drive the economy and financial markets in 2010. We have said this repeatedly that this recession is really a depression because the (post-WW II) recessions were merely small backward steps in an inventory cycle but in the context of expanding credit. Whereas now, we are in a prolonged period of credit contraction, especially as it relates to households and small businesses."

Summarizing his 2010 outlook, Rosenberg highlighted asset deflation and credit contraction imploding "the largest balance sheet in the world - the US household sector" in the amount of "an epic $12 trillion of lost net worth, a degree of trauma we have never seen before," even after the equity bear market rally and "tenuous" housing recovery likely to be short-lived and illusory with a true bottom many months away.

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Pakistani MPs demand arrest of culprits in Karachi violence

Posted: 11 Jan 2010 05:08 AM PST

Pakistani lawmakers have strongly condemned the recent wave of violence in Karachi demanding that the government must expose the culprits behind the heinous attacks.

In a heated debate in the upper house of the parliament on Monday, lawmakers urged the government to take stringent measures to maintain law and order in the country's largest city of Karachi, a Press TV correspondent reported.

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Deported cleric back in Kenya

Posted: 11 Jan 2010 04:50 AM PST

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