Thursday, October 30, 2008

*headdesk*

Whither the Riot?

I have been struck by the absence of collective protest over the actions of those in the financial industry. Free market advocates have been rendered impotent; why aren’t they up in arms that their belief system has been forever invalidated? Leftists watch as our elected leaders hand over the oversight function to the very companies that caused this mess; why aren’t they taking to the streets?

Talk shows and blog postings reveal plenty of individual anger, but there hasn’t been much collective expression. Why is this? And what forms of protest and outcry would be legitimate?

At the risk of being accused of inciting mass violence, I’d like to know whether people would be justified in using the riot at this particular moment in history. More broadly, under what conditions is the riot a rational (and/or justifiable) response to injustice?





Erica Jong Tells Italians Obama Loss 'Will Spark the Second American Civil War. Blood Will Run in the Streets'

Newsflash, moron-- with this election, we're likely to see riots either way.

Me, I live back out in teh woods, well away from the crazies. We're bitter clingers out here, armed and dangerous.

It would suck to live in an urban area, now more than ever.


See?

Fans stream into streets to celebrate Phillies win
PHILADELPHIA – Tens of thousands of horn-honking, high-fiving Phillies fans streamed into the streets Wednesday night after Philadelphia won the World Series, celebrating the championship by knocking down traffic signals, spraying beer and shooting off fireworks.

Fans raced through downtown on their way to Broad Street, this title-starved city's main thoroughfare, yelling and waving from open sunroofs, windows and jam-packed pickup truck beds.

Scattered vandalism was reported as revelry continued into the early morning Thursday before police began breaking up the thinning crowds.

Philadelphia police commissioner Charles Ramsey said officers made 76 arrests, adding 10 businesses were damaged during the raucous citywide celebration.

Windows were smashed at a bank and luggage store in the downtown shopping district. At least two cars were overturned, the windows of a TV van were smashed, dozens of huge streetside planters were flipped over and some bus shelters were damaged or destroyed.


And they call it a "celebration."


***

New Iran base to block PG in case of war
Iran's Navy Commander says the new naval base in the strategic port of Jask will be used to block the Strait of Hormuz in case of war.

In a Tuesday interview, Chief Navy Commander Habibollah Sayyari said the resence of foreign forces near Iranian waters prompted the army to expand its strategic positions in the Sea of Oman.

"The newly-inaugurated naval base offers a new defensive front to the east of the Strait of Hormuz," said Rear Admiral Sayyari.



IAEA member: Iran weighing nuke work
Iran has recently tested ways of recovering highly enriched uranium from waste reactor fuel in a covert bid to expand its nuclear program, according to an intelligence assessment made available to The Associated Press.




Iranian Nuke Scientist: Weekend Quake was a Nuclear Test
(IsraelNN.com) A weekend 5.0 Richter earthquake in Iran was actually a nuclear bomb test, says an Iranian nuclear scientist claiming to be working on the project.

The report is an Israel Insider exclusive.

This past Saturday night, southern Iran experienced what was reported as a significant earthquake - a seismic event measuring 5.0 on the Richter scale. Its epicenter was just north of the strategic Straits of Hormuz, which separates Iran from Abu Dhabi and Oman and which is the gateway to the Persian Gulf.


Jesus, help us. I've been watching quakes there, especially--something seemed off. It's one of the things that made me start keeping an eye on shipping lanes--there and at Gibraltar.

Wonder if something funky's going down there, too?




***

Our World: All roads lead to Jerusalem

Foreign Minister Tzipi Livni's failure to form a government proved that all roads do in fact lead to Jerusalem. It was the issue of Jerusalem that deadlocked and ultimately scuttled Livni's coalition negotiations with Shas, which demanded that she pledge not to negotiate the partition of the city with the Palestinians. Livni refused to make such a pledge. And so the negotiations failed and new elections will soon be called.

In refusing to agree to Shas's demand, Livni made clear that partitioning the city - that is, giving the Palestinians sovereignty over the Temple Mount and the Arab neighborhoods - is so central to her preferred foreign policy that she could not budge on the issue despite her obvious desire to take up residence in the Prime Minister's Office. Moreover, it showed that she believes that the bulk of her potential voters hail from the post-Zionist Left. To win their support, she had to make clear that she is one of them.

In making Jerusalem, rather than welfare payments the wedge issue in their negotiations with Livni, Shas's leaders demonstrated their recognition of the fact that defending Israeli sovereignty over the capital city is more important to their voters than increasing welfare. Had they entered a Livni government without securing a pledge to defend Jerusalem, Shas would have been hard pressed to compete with the Likud in the coming elections.



Israel says will block activists from reaching Gaza
As left-wing 'Free Gaza' movement prepares to 'break' naval blockade once more, Foreign Ministry warns Israel 'will not allow a repeat performance'

Israeli-Palestinian peace key to relations with Islam: Blair

Find of ancient city could alter notions of biblical David

Three-way suicide
Instead of joining forces in face of grave threats, Livni, Barak, and Bibi led by their ego

Countdown: Israel Faces Historic Decision

Joe the Plumber: Vote for Obama a vote for the death of Israel
[He's internationally famous now! ]

Lieberman: Mubarak can visit or go to hell

***

Christians On the Run in Iraq

Iraqi Christians' fear of exile

Barzani says Iraq-US security pact dominates his talks with Rice

Oil for Soil: Crisis Group proposes ‘grand bargain’ on Iraq oil land dispute

Tensions rising among Kurds, Iraqi Arabs

Turkey bombs PKK targets in northern Iraq

Turkey facing gas shortage

EU: Turkey's regional importance grew

Akman delivers controversial shutdown decision



Russia Likely to Join Iran-Armenia Rail Link

Three Steps to Stop Putin . . . Before It Is Too Late

GAZPROM discuss with Slovenia and Greece various routes of natural gas transportation within the South Stream project

Gazprom, Rosneft bid for west Kamchatka shelf license

Russia`s Mechel to partner with China`s Minmetals

Russia Air Force ready to send Mil Mi-8MT Hip helicopters to Chad

Moscow to host Karabakh talks in bid for peacemaker role

Iran, Russia, Qatar Move on Gas Cartel

Gaddafi visits Russia on arms, energy drive

2 Jesuit priests are slain in Moscow




Anger as BP profits soar 148%

German oil and gas group to snap up North Sea explorer

Saipem awarded US$1.1 billion offshore contracts in Azerbaijan and South America

Crude Oil Rises on Surge in Global Equities, Possible Fed Cut

Exxon Mobil quarterly income hits $14.8 billion




China coal 'true cost' at $250bn

China, Russia unite to tackle global solution

China hostages 'killed in Sudan'

Hong Kong finds more tainted eggs from China



Brown looks to China to strengthen IMF's hand

We Only Need One 'Bretton Woods II'

World Economic Forum on Europe and Central Asia in Turkey to Discuss Financial Turmoil

Poland may get referendum on euro

Ukraine Parliament Fails To Act On IMF Credit

Days of new flats, cars and generous state benefits over as currency collapses

Hedge funds make £18bn loss on VW

More bad news on tap for Detroit
Speculation about potential GM/Chrysler deal isn't helping sales

US interest rates slashed to 1%


Found in a rundown Boston estate: Barack Obama’s aunt Zeituni Onyango
'Auntie Zeituni', who, with Uncle Omar, dropped out of sight after moving to the US, is backing the presidential candidate from her modest flat

More than 10 million 'drinking at hazardous levels’
More than 10 million people in England are drinking too much, with around one in four adults consuming alcohol at “hazardous” levels
Experts consider decline of U.S. nuclear arsenal
Defense sec. Gates expected to call for renewed commitment to deterrence
In September, the owner and managers of the plant, including Sholom Rubashkin, were charged with 9,311 misdemeanors alleging they illegally hired minors and let children younger than 16 handle dangerous equipment. The complaint filed by the Iowa attorney general's office said the violations involved 32 illegal-immigrant children younger than 18, including seven who were not yet 16.
[I'm no expert, but I'm pretty sure mistreating children and aliens is not kosher. ]


Car bomb in Spain injures at least 17

Italian streets hit by protests

An Era Ends with Closing of Berlin Airport

Tuesday, October 28, 2008

Assault weapon sales spike before election

GARLAND – With nine days left until the election, people aren't only lining up to vote early; they are also apparently heading to sporting goods stores and gun shops as owners have reported an increase in business.

Gun owners have expressed concern that Barack Obama, if elected, will not only renew the ban on assault weapons, but also make it permanent.

"Not that people are fear-buying,” said John Mannewitz, a manager at Target Master. “But, if there's something cool you want to get, people are saying sooner is better than later."

Target Master, a gun store in Garland, used to sell a couple of assault weapons, such as AR15s and AK47s, every week. But now, a little more than a week away from the election, sales have tripled.




Gun Sales Thriving Despite Tough Economy

Americans have cut back on buying cars, furniture and clothes in a tough economy, but there's one consumer item that's still enjoying healthy sales: guns. Purchases of firearms and ammunition have risen 8 to 10 percent this year, according to state and federal data.

Several variables drive sales, but many dealers, buyers and experts attribute the increase in part to concerns about the economy and fears that if Sen. Barack Obama of Illinois wins the presidency, he will join with fellow Democrats in Congress to enact new gun controls. Obama has said that he believes in an individual right to bear arms but that he also supports "common-sense safety measures."

"Even though [Obama] has a lot going for him, he's not very pro-gun," said Paul Pluff, a spokesman for Massachusetts-based Smith & Wesson, which has reported higher sales. Gun enthusiasts are "going to go out and get [firearms] while they still can."




Gun, ammo sales increase as election nears

Several gun stores in the valley have seen an increase in firearm and ammunition sales lately. News 3's Dan Ball explains why the election and the economic crisis have people pulling the trigger.

Jeffrey Bergman and his sister came to the Gun Store on Tropicana to practice their aim.

"We've had things like break-ins in the neighborhood," says Jeffrey. "We're concerned about the increase in crime in the area and protecting ourselves."

Gun Store employees like Randy Formanek say they are seeing more and more folks like Jeff come into the store.

"They see a necessity to arm themselves so that they can defend themselves," explains Randy. "You're going to see more and more people without jobs, more and more economic desperation. When people get desperate, they do stupid things, and you need to prepare yourself for the eventuality of that."



Israel attempts to block US weapons deal with Lebanon


Beirut - The New York Times reported on Saturday that the United States was providing light arms and new equipment to the Lebanese army, in keeping with its policy of supporting the Lebanese government.

The newspaper report said that Pentagon and State Department officials were considering a Lebanese request for more substantial weaponry including tanks, anti-tank missiles and an air defense system to deter Israeli air force incursions into Lebanese airspace. Congress must be notified, however, of any significant arms sales.
...
Israeli officials have conveyed their concerns about US military support for the Lebanese government to the Bush administration. They are concerned that the weapons delivered to the Lebanese army may eventually fall into the hands of Hezbollah.



Russian minister says plans drawn for China oil pipeline

MOSCOW: Plans have been drawn up for a pipeline linking Siberian oil fields to China, a Russian minister was quoted as saying Sunday, in a sign of tightening ties between Russia and its energy-hungry neighbour.

Russia's state-controlled pipeline monopoly Transneft has finished designing a spur from the Eastern Siberia-Pacific Ocean (ESPO) pipeline to China, Deputy Prime Minister Igor Sechin was quoted as saying by RIA Novosti news agency.



Spending Stalls and Businesses Slash U.S. Jobs

As the financial crisis crimps demand for American goods and services, the workers who produce them are losing their jobs by the tens of thousands.

Layoffs have arrived in force, like a wrenching second act in the unfolding crisis. In just the last two weeks, the list of companies announcing their intention to cut workers has read like a Who’s Who of corporate America: Merck, Yahoo, General Electric, Xerox, Pratt & Whitney, Goldman Sachs, Whirlpool, Bank of America, Alcoa, Coca-Cola, the Detroit automakers and nearly all the airlines.

When October’s job losses are announced on Nov. 7, three days after the presidential election, many economists expect the number to exceed 200,000. The current unemployment rate of 6.1 percent is likely to rise, perhaps significantly.



Danish FM holds talks in Syria

DAMASCUS, Syria (AP) - Danish Foreign Minister Per Stig Moeller has praised indirect peace talks between Israel and Syria and Syria's decision to establish diplomatic relations with Lebanon.

Moeller held talks Sunday with Syrian President Bashar Assad and Foreign Minister Walid al-Moallem centering on the stalled Middle East peace process.



Terrorists Might Be Using Twitter

A report issued by the Federation of American Scientists revealed some surprising conclusions that might be hard to believe for some. The study was conducted by the 304th Military Intelligence Battalion and addressed the alternative ways that terrorists might use for coordinating future attacks.

The social network and microblogging Web site Twitter was one of the main focuses of the report, as it is believed that it was used and will be used again for such activities.

Two of the examples presented involve an earthquake and a Republican Convention. The earthquake that occurred in Los Angeles on July 29, 2008 was discussed by one of the site’s users "approximately four minutes prior to the information being reported by the news," and over the next few minutes, several other "hundreds of tweets" appeared from other users. The protestors from the Republican National Convention in Minneapolis-St. Paul in September 2008 used Twitter to offer information about the police, ways of avoiding them through certain parts of the town and also first aid solutions.

These facts helped the U.S. military put together three possible terrorist attack scenarios that involve Twitter. The first scenario was presented as it follows: "Terrorist operative "A" uses Twitter with (or without) using a cell phone camera/video function to send back messages, and to receive messages, from the rest of his cell. Operative "A" also has a Google Maps Twitter Mash Up of where he is under a code word for other members of his cell (if they need more in-depth directions) posted on the WWW that can be viewed from their mobiles. Other members of his cell receive near real time updates (similar to the movement updates that were sent by activists at the RNC) on how, where, and the number of troops that are moving in order to conduct an ambush."


***

Three temblors strike Santa Clara County on Saturday

Magnitude 2.5 - EASTERN TENNESSEE
2008 October 25 23:47:17 UTC

Earthquake injures 9 in southern Iranian port town

Earthquake hits Pakistan, Afghanistan

Magnitude 4.9 - ASCENSION ISLAND REGION
2008 October 26 04:56:10 UTC

Magnitude 5.6 - SULAWESI, INDONESIA
2008 October 26 09:08:34 UTC
Strong quake hits Indonesia's island

Magnitude 4.9 - OFFSHORE NORTHERN CALIFORNIA
2008 October 26 09:27:21 UTC
Earthquake hits California
Magnitude 3.5 - OFFSHORE NORTHERN CALIFORNIA
2008 October 26 16:07:48 UTC

Quakes, tremors unnerve residents
Rumblings have been felt as late as Thursday.

Magnitude 5.0 - KEPULAUAN MENTAWAI REGION, INDONESIA
2008 October 26 10:27:37 UTC

Magnitude 1.8 - NEW YORK
2008 October 26 13:36:21 UTC

Magnitude 3.7 - NEVADA
2008 October 26 15:53:25 UTC

Magnitude 4.2 - GREECE
2008 October 26 17:20:31 UTC

Magnitude 3.8 - NEVADA
2008 October 26 19:47:48 UTC

Mud volcanoes erupt in Santa Flora

BROMYARD,HEREFORDSHIRE
October 26, 2008 Time: 18:06:26.0
Magnitude: 3.6 Intensity: 4
Earthquake is centred on Bromyard

Magnitude 3.5 - NEVADA
2008 October 27 05:41:46 UTC

Magnitude 5.6 - VANUATU
2008 October 27 05:43:50 UTC

Magnitude 4.3 - OFFSHORE TARAPACA, CHILE
2008 October 27 08:54:09 UTC

Magnitude 4.9 - ATACAMA, CHILE
2008 October 27 19:08:17 UTC

Magnitude 5.0 - BABUYAN ISLANDS REGION, PHILIPPINES
2008 October 27 20:25:27 UTC

Magnitude 5.2 - KOMANDORSKIYE OSTROVA, RUSSIA REGION
2008 October 27 21:26:07 UTC

Magnitude 5.0 - FIJI REGION
2008 October 27 23:23:38 UTC

3.6 magnitude quake rocks Cebu

Earthquake again hits West Bohemia

Magnitude 5.0 - MINDORO, PHILIPPINES
2008 October 28 04:16:04 UTC

Magnitude 2.8 - OKLAHOMA
2008 October 28 09:06:51 UTC

Magnitude 6.0 - NEAR NORTH COAST OF NEW GUINEA, P.N.G.
2008 October 28 16:00:06 UTC
Strong earthquake hits Papua New Guinea

Monday, October 27, 2008

One quick prediction:

McCain wins the election, but Barky winds up in charge of the financial overhaul from the Nov. 15 summit. I mean, the world loves him so much, that inexperience shouldn't matter, right?

Arrgh!

***

Foreign companies boost their Kashagan activities

No event in Kazakhstan’s oil industry remains without due attention and reaction from foreign partners. As soon as the negotiations between the Kazakh government and the AGIP KCO shareholders more or less defined the future of Kashagan, a sizeable growth of activity has become noticeable in Astana, and the foreign guests have frequented their visits there. The details of the agreement signed by the consortium and the government have remained unknown to the public.




Lebanon's Enemy Within

Israel is floating the idea of a non-aggression pact with Lebanon. It isn't at all likely to work. The odds are minuscule that Syria, Iran, and Hezbollah will go along. But Lebanon will hold an election in a couple of months, and the offer of a non-aggression pact should play well with Lebanese voters who are uncomfortable with or hostile toward Hezbollah's vision of perpetual war with the “Zionist entity.”

Negotiating with implacable and inflexible enemies is foolish. No sensible person suggests that the United States negotiate with Al Qaeda, for instance. Peace talks with Damascus won't get Israelis anywhere either. Syria's tyrant Bashar Assad needs a state of cold war with Israel to justify the oppressive policies against his country's own citizens, and bad-faith negotiations yield him some measure of international legitimacy he doesn't deserve.




Palestinian Authority to join Middle East power grid

A Jordanian official said Monday that the Palestinian Authority will join a regional power grid that so far links Jordan, Egypt, Syria, Lebanon, Iraq, Libya and Turkey.

Israel is not hooked up to this grid.




LUKoil proposes state-led consortium for offshore development

MOSCOW, October 27 (RIA Novosti) - The head of LUKoil, Russia's largest independent oil producer, proposed on Monday establishing a consortium led by a state-owned company for offshore development projects.

"It would be useful to establish a consortium led by a state-run company to develop offshore fields, in particular in northern seas and on the continental shelf," Vagit Alekperov said.

LUKoil is involved in a project to develop an offshore field in the Caspian Sea, which has reserves of around 10 million metric tons of oil and 12 billion cubic meters of natural gas.




Russia’s Navy is moving fullspeed ahead, but to where???

The Naval forces are becoming a major component of the new phase of confrontation between Russia and the US, which could become a new “cold war” in 21st century.

With its potency, the Russian Navy falls short of the capabilities of the USA, which is an absolute “Talasokratos” power (Greek term meaning sea power) in terms of geopolitical implications.

However, Russia is seeking to reinforce its naval potency and challenge the American engagement into the seas which encircle Eurasian terrain, notable in two main basins – the Black and the Baltic Seas.



'Insane' Russian plane hijacker retained in custody

MOSCOW, October 27 (RIA Novosti) - A man detained last week after threatening to blow up a plane flying from south Russia to Moscow has been retained in custody, the Prosecutor General's investigative committee said on Monday.

Oleg Vasyanovich, who has a criminal record and a history of mental illness, threatened last Friday to blow up a Boeing-737-500 airliner flying from the Black Sea resort town of Adler to Moscow, and demanded that the pilot fly to Vienna.



Show time for Port deals on horizon

Within the next 12 weeks, the Jacksonville Port Authority will mark two major milestones — the signing of the Hanjin shipping deal and the first containers to come off ships at the new TraPac terminal.

According to Port Authority Executive Director Rick Ferrin, the board of directors of Hanjin is expected to meet Nov. 4 and formally approve a deal that will see the Korean shipper build a new terminal at the Port.

“Dec. 10 there will be a formal signing,” said Ferrin.

About a month later — Jan. 12 to be exact — Ferrin expects the first containers to come off ships at the new TraPac terminal, a project initiated by the signing of Mitsui OSK Lines.



Maritime Market: Signs Point to Strong Growth for Satellite Providers

The maritime industry’s appetite for satellite bandwidth will continue to grow in the future. Orbit, Furuno, Eutelsat and Speedcast jointly have announced the successful sea trial of a new global Ku-band VSAT service. During the trial, a cargo ship sailed from the Atlantic, to the Mediterranean Sea, through the Suez Canal, into the Red Sea and across the Indian Ocean, finally stopping at a port off the Sea of Japan. Throughout its journey, the ship has communications supplied by ubiquitous Ku-band coverage. Marketing plans for the service are expected to be announced soon.

Another trend is larger bandwidths at the high end of the market. Sea Tel currently supports 120-watt solid state power amplifiers but has multiple requests from clients to support antennas which will support 250-watt amplifiers. This anecdotal evidence, combined with land-based bandwidth consumption trends, suggests demand for larger chunks of bandwidth.

In addition to organic growth, there are new maritime regulations coming which will increase demand. The International Maritime Organization (IMO), which operates under the United Nations Charter, has mandated that by 2012 all seagoing vessels be required to have an electronic charting display information system to replace the paper charts used for navigation today. The charts indicate the location of buoys and the depth of the sea floor, but oceans are dynamic and by the time paper charts arrive on a ship, they often are six week out of date. The electronic charting systems use satellite services to download up-to-date charts.



Vietnam to invest $1.5 bln in fertilizer plant in south Russia

MOSCOW, October 27 (RIA Novosti) - Vietnam is to invest $1.5 billion in the construction of an ammonia and nitrogen fertilizer plant in Kalmykia, a republic on Russia's Caspian coast, Kalmykia's President Kirsan Ilyumzhinov said on Monday.

The agreement on the fertilizer plant was signed on Monday in Moscow following talks between Russian President Dmitry Medvedev and his Vietnamese counterpart Nguyen Minh Triet.

Ilyumzhinov said construction would begin in 2009 and the facility would start rolling out products in the first half of 2013. The plant is expected to produce 850,000 metric tons of ammonia and 750,000 metric tons of nitrogen fertilizer annually, he said.

Ilyumzhinov said around 1 billion cubic meters of natural gas extracted from the Caspian Sea would be used for these purposes.



BANGLADESH: Cyclone Rashmi strikes coastal districts

DHAKA, 27 October 2008 (IRIN) - Cyclone Rashmi swept across southern Bangladesh on 27 October, killing at least two people and leaving 11 missing. According to the government’s Comprehensive Disaster Management Programme (CDMP), the cyclone made landfall early in the morning with wind speeds of up to 80 kph.

The storm brought down electrical and telephone poles and uprooted trees; more than 40,000 people on 20 chars (river and offshore islands) in coastal Barguna District were marooned due to flooding.



Damascus: US strike a heinous crime

Syria called the US attack within its borders on Sunday evening a heinous crime and a statement issued by Damascus said the country was reserving the right to respond as it would see fit.

Damascus claimed that the four US helicopters that entered Syria attacked an "agricultural farm," Israel Radio reported.

Syrian ambassador to Britain Sami Al Khiyami said he was convinced the US was hunting for terrorists based on false intelligence.

At least eight people were killed when US military helicopters bombed targets in a Syrian border town near Iraq after global jihad operatives allegedly crossed the border into Syria.



No comment on alleged U.S. Syria raid

WASHINGTON, Oct. 27 (UPI) -- The Bush administration Monday refused comment on reports U.S. troops conducted a raid into Syria from Iraq.

White House spokeswoman Dana Perino and State Department spokesman Sean McCormack deflected questions about the alleged raid but McCormack acknowledged Syria had lodged a protest with Maura Connelly, the U.S. charge d'affaires.



Spain's Melilla enclave marooned by floods

MADRID, Spain (AP) - Spain's government says heavy flooding has cut off all land, sea and air access to the tiny Spanish enclave of Melilla.

Heavy rains have caused at least two rivers to breach their banks in the city on the north African coast off the Mediterranean.

At the airport, the flooding cut a 30-meter (100 feet) breach in a wall, forcing the cancellation of all flights and flooding the terminal building.




Yadlin: Syria-Hizbullah ties growing stronger

If Israel's indirect talks with Syria were aimed at testing whether it might be possible to pull Damascus out of Iran and Hizbullah's orbits, then so far the test has failed, Military Intelligence chief Maj.-Gen. Amos Yadlin indicated in the cabinet Sunday.

Despite the talks, not only has Damascus not lessened its cooperation with Hizbullah, it has actually stepped up its relationship with the organization.

"[Syrian President Bashar] Assad currently trusts Hizbullah more than his own army," Yadlin said during a briefing. "Hizbullah operatives are working from within Syria. The Syrians are loosening all restraints, and [are irresponsibly giving] Hizbullah access to almost all of their strategic capabilities."



Iran opposes NATO extension to the East

TEHRAN – Iran’s Deputy Foreign Minister for Educational and Research Affairs Manuchehr Mohammadi expressed Iran’s protest to the extension of the North Atlantic Treaty Organization to the East.

Mohammadi said the regional governments should distance themselves from competitive and hostile policies which have remained from the cold war era.

He said, “NATO’s presence in a region it is not familiar with would not be to its benefit because it has already experienced an unsuccessful presence in Iraq and Afghanistan.”

U.S. President George W. Bush signed papers Friday to formally declare U.S. support of NATO membership for Albania and Croatia.



To Counter Problems of Food Aid, Try Spuds

VITORIA-GASTEIZ, Spain — With governments having trouble feeding the growing number of hungry poor and grain prices fluctuating wildly, food scientists are proposing a novel solution for the global food crisis: Let them eat potatoes.

Grains like wheat and rice have long been staples of diets in most of the world and the main currency of food aid. Now, a number of scientists, nutritionists and aid specialists are increasingly convinced that the potato should be playing a much larger role to ensure a steady supply of food in the developing world.

Poor countries could grow more potatoes, they say, to supplement or even replace grains that are most often shipped in from far away and are subject to severe market gyrations.




The Muslim World and the Global Financial Crisis

By the time President Obama is elected the United States will be a different country in a different world. There will be no going back and no return to business as usual. What began as the sub-prime housing market crash has become a generalized banking crash, leading to a world financial crisis, and then into a world economic recession.

There is no avoiding the impact of this series of financial and economic downturns and the associated stock market crashes and wild currency fluctuations. However for the developing economies of Asia, the Middle East and Latin America, and even for Africa, these changes represent new opportunities as well as short-term problems.

These events are symbolic of a changing global balance of power where the United States and Europe have to adjust to the rising economic power of Asia, the Middle East and the BRICs (Brazil, Russia, India, China).


[Doncha just love how the asumption of 'The One' is always a given with these folks?]



U.K.'s Darling to Say Crisis to Be Deeper, Longer Than Expected

Oct. 26 (Bloomberg) -- U.K. Chancellor of the Exchequer Alistair Darling will say this week that the economic crisis will be deeper and longer-lasting that the government first predicted, the Sunday Times reported.

The government hasn't lost control of the public finances, although the crisis has hurt its revenues, Darling will say in a speech at the annual Mais lecture in London on Oct. 29, the newspaper reported, without saying how it got the information.



Pakistan fully committed to Iran gas pipeline: Senate

ISLAMABAD (IRNA) -- Pakistan is fully committed to Iran- Pakistan-India gas pipeline project, which is expected to meet substantial portion of our energy needs, Minister for Law and Parliamentary Affairs Farooq Naek Friday told the Upper House of the Parliament on Friday.
8 arrested after east China riot

BEIJING - POLICE in east China have arrested eight security guards allegedly involved in a riot triggered by a dispute between a timber company and villagers, state media said Monday.

The riot, which broke out Thursday last week in a disagreement over rent paid by a forestry company in Jiangxi province to farmers for their land, involved almost 200 people and 15 were injured, Xinhua news agency said.



China plans 150,000 kilometer of oil and gas pipelines

Reuters cited the official of Xinhua news agency as saying that China will build a further 150,000 kilometer of oil and gas pipelines in the next 12 years, as the energy hungry nation looks to guarantee supplies.

The official said that "In the next 12 years, China will build another 150,000 kilometer of pipelines. Without giving further details Separately, He said that the country's largest open pit coal mine, in the northern region of Inner Mongolia, is ready to open.”



China, Russia sign oil deal, discuss $25 bln loan: report

NEW YORK (MarketWatch) - Russia and China will sign a long-term oil supply deal on Tuesday, and Beijing is in talks to lend Russian companies $20-$25 billion in export-backed loans, Reuters reported Monday, quoting industry sources.



Chinese prime minister arrives in Russia on visit

MOSCOW, October 27 (Itar-Tass) -- Chinese Prime Minister Wen Jiabao arrived in Russia on an official visit on Monday to discuss prospects for cooperation in the oil and gas sector.

This is a two-day official visit at the invitation of Prime Minister Vladimir Putin.

“Russia and China are maintaining a good level of energy cooperation,” Russian Vice-Premier Igor Sechin said earlier. “Our companies, ministries and agencies, which are involved in the energy dialogue, have done a good work recently, and our cooperation has optimised,” he said.

In his opinion, “The bilateral energy cooperation is about to reach a new level.”




How ethnic bias compromised police in effort to quell violence

The Waki Commission received reports that, due to bias based on ethnicity, some officers were reluctant to prevent the violence or to provide protection to the affected persons.

As part of such bias, there were reports that a Luo police officer was accused of blocking the Kipsigis from reaching the road in their bid to escape and instead redirecting them to their homes only for them to be attacked by the Kikuyus. Further, Kikuyu officers stood aside as Kalenjins faced violence and vice versa.

In some situations, police failed to respond to situations of distress even where early warning and pleas had been communicated to them. The KNCHR Report states that a house was burnt a few metres from the Londiani police station in spite of prior notification of the police of an impending attack.




Ex-Colombian Lawmaker Flees Captivity After 8 Years

BOGOTA, Colombia — A 62-year-old lawmaker held captive eight years by leftist rebels walked to freedom in a western Colombia jungle on Sunday along with the young guerrilla commander who had been his jailer.

President Alvaro Uribe said the rebel and his girlfriend would be rewarded with cash and asylum in France.

Oscar Tulio Lizcano is the first Revolutionary Armed Forces of Colombia hostage to gain freedom since the July 2 rescue of former presidential candidate Ingrid Betancourt and three U.S. military contractors.

His escape is yet another blow to Latin America's last major rebel army, which is battling record desertions under withering pressure from Colombia's U.S.-backed military.



Pakistan Fully Committed to Iran Gas Pipeline

TEHRAN (FNA)- Pakistan's Federal Minister for Law and Parliamentary Affairs Farooq Naek Friday told the Senate that the government is committed to implement Iran-Pakistan-India (IPI) gas pipeline project.

"The government wants IPI project to be completed and implemented soon so that we can meet our energy requirements", Naek told the House. He said the IPI project is suited to the requirements of the country and Pakistan has been active to clear all hurdles in the smooth implementation of the agreement.



How global governance emerged

October 24 was U.N. day, celebrated by many as the birthday of the United Nations. In its 63 years of operation, it has spent untold billions of dollars in its quest to create global governance. Its goal is almost in its grasp. European leaders are pushing for a summit meeting with President Bush to create a new global “central bank,” with the authority to control global monetary policy in much the same way U.S. monetary policy is controlled by the Federal Reserve.

The U.N. has failed miserably at most of its major projects. Its first task, to create a two-state solution in Palestine in 1948, was a disaster. Other projects have been even worse. The genocide in Rwanda; the Oil-for-food scam with Saddam Hussein; and the on-going sex abuse by U.N. Peacekeepers are but a few examples.

In recent years, however, the U.N. has been extremely effective in influencing U.S. domestic policy, more than people realize. Few people know that current U.S. land use policy is deeply rooted in, and reflective of the policies set forth in a 1976 document adopted by the U.N.Conference on Human Settlements. U.S. wetland policy is the result of the 1971 Ramsar Convention on Wetlands. U.S. law relating to endangered species is the direct result of the U.N. Convention on International Trade in Endangered Species. The Human Rights Commissions of the 1960s were created to comply with a variety of Human Rights treaties adopted by the U.N.

Article 11 of the International Covenant on Economic, Social and Cultural Rights gave rise to the 1977 Community Reinvestment Act which was expanded in 1995, to essentially require banks to make housing loans to unqualified people. This is the root cause of the current chaos in financial markets.



Orissa speeds up after raped nun meets press

NEW DELHI (ICNS): The Orissa state government has decided to expedite the investigation in the case of a Catholic nun, who was raped during the recent anti-Christian violence in Orissa.

The move came after the nun addressed some 250 reporters and 30 television camera crews at a press conference held Oct. 24 in New Delhi. The 28-year-old nun, She fought tears while reading out a four-page handwritten statement recounting how Hindu fanatics attacked her.

She said she had no faith in the Orissa police, who she alleged refused to help her but aided her attackers.

A day after the nun met the press, Orissa Chief Minister Naveen Patnaik convened a meeting in the state capital and directed officials to speed up the case.



Pakistani Man Claims Teen Daughter Mauled by Dogs, Shot to Death in 'Honor Killing'

KARACHI, Pakistan — A 17-year-old Pakistani girl was mauled by dogs and shot to death in front of him over a land dispute disguised as a so-called "honor killing," her father said.

Female senators staged a walkout from the federal parliament Monday to press for action on better protections for women after a national newspaper published details of Tasleem Solangi's death.

"How long will women be buried alive and made to face hungry dogs? Women are not given their rights," opposition lawmaker Semi Siddiqui said.

Ibrahim Solangi, 28, has been in custody ever since Taslim's death in March and is awaiting trial on murder charges, said Pir Mohammad Shah, the police chief of the Khairpur Mirs district in southern Pakistan. Taslim's husband was also her first cousin.




Biosecurity and infectious disease

In the world of international relations with its current fears about biosecurity and infectious disease, whether naturally occurring or purposely released, things are not always as they first seem.

In 2007 Indonesia came under widespread criticism for refusing to provide bird flu samples to the WHO because of fears that commercial interests would obtain the samples and produce vaccines that countries like Indonesia could not afford.

To many people, this seemed a valid fear in that many developing countries are often priced out of needed medicines and likely to be at the back of a world queue for vaccine during a pandemic. Such a stance won widespread support throughout Asia as well among some of the mainstream Western media.



Deadly polio strain from Bihar creating havoc in Uttar Pradesh

Uttar Pradesh has once again emerged as a hotbed for P 1, the most deadly polio strain, which was slowly being eliminated in India. But Uttar Pradesh, the country's most populous state, is again seeing a surge in the paralytic disease thanks to the virus being imported from neighbouring Bihar.

Though Uttar Pradesh was earlier described as the "world's most tenacious reservoir of P 1 poliovirus" by World Health Organisation (WHO) Director-General Margaret Chan, the state remained free of the most dangerous and fast travelling virus for a record one-and-a-half years.

But it resurfaced in Uttar Pradesh when the strain was imported from Bihar this year. And as the strain moves fast it has so far infected 47 people till Oct 17.



Experts fear 50% jump in dengue cases

KOLKATA: The city, reeling under a malaria-dengue double blow, will have no respite for the next few weeks. Thanks to the sudden wet spell, dengue and malaria cases could shoot up by 50%, warned health department and civic authorities.

There have already been six dengue and seven malaria deaths in the city and hundreds are affected.

“The rain came at a bad time. We have an endemic on our hands and were taking the necessary measures, but the showers have spoilt all the effort. Now, the number of cases will spiral and we must wait for the diseases to go away naturally,” said Sanchita Bakshi, director of health services.



Polio Spreads to New Countries and Increases Where It’s Endemic

Polio infections are increasing and spreading to new countries, according to case counts recently released by the World Health Organization.

Since April, outbreaks have been found in 10 countries beyond the 4 in which polio is considered endemic — Afghanistan, India, Nigeria and Pakistan. And in those four countries, the number of cases is more than double the number found by this time in 2007.

In Africa, cases have been found as far south as Angola and as far west as Ethiopia. Each detected case implies another 200 cases with few or no symptoms, experts say.




IMF may need to "print money" as crisis spreads

The International Monetary Fund may soon lack the money to bail out an ever growing list of countries crumbling across Eastern Europe, Latin America, Africa, and parts of Asia, raising concerns that it will have to tap taxpayers in Western countries for a capital infusion or resort to the nuclear option of printing its own money.




IMF should be more like independent central bank: British PM

LONDON: The International Monetary Fund (IMF) should be run more like an independent central bank and less under political control, British Prime Minister Gordon Brown said Monday.

Brown has called for a new Bretton Woods system to cope with the current global financial crisis, referring to the international financial architecture established at the end of World War II.

Of the IMF, he told an audience of business leaders in London: "It should be more like an independent central bank in my view than a political committee, which is what it is at the moment."



More measles in Wales

The National Public Health Service for Wales is investigating four possible further cases of measles linked to an outbreak centred on a Carmarthenshire school.

The four people concerned have all been in direct contact with people diagnosed with measles at Newcastle Emlyn Comprehensive School.

One possible case is in a child who attends a primary school feeding into the comprehensive school, while three others are adults who have cared for people with measles.



Risk of Long and Deep Recession Looming Large

The question lingering in the minds of traders is not whether the U.S. economy is into a recession, but how long and deep the recession is going to be. Wachovia Securities believes that the current recession will likely be along the lines of the 1973/75 downturn, which lasted 18 months and saw the real GDP decline by 3.1% from peak to trough. The firm expects three quarters of declines in real GDP, but close to two years of declines in domestic demand.



U.S. stocks end steeply lower on recession worries

NEW YORK (MarketWatch) -- U.S. stocks on Monday were slammed again at the close to end sharply lower after multiple fits and starts, with a September rebound in new-home sales failing to stem ongoing fears of a worldwide recession.

Equities pulled back as crude-oil futures ended Monday's volatile session down for a second day after earlier rising to $65.77 a barrel.

"When oil was at its highs, stocks were at their highs," said Peter Boockvar, equity strategist at Miller Tabak. "Now oil has traded off and stocks are off."



Zimbabwe: No Health Services To Talk Of

THE country’s two largest referral hospitals in Harare are as good as closed.

They are turning away patients because they have run out of drugs, equipment while health personnel, including some supporting staff, have reportedly just stopped going to work.

For the past week, Parirenyatwa and Harare Hospitals, Zimbabwe’s largest health institutions, have only been attending to a handful of critically ill patients and road accident victims.

Patients coming for regular check-ups were being turned away as there was no staff.

When The Standard visited the two public hospitals there was very little evidence to show that the health centres were fully operational.

On Thursday and Friday afternoon Parirenyatwa Hospital’s casualty department and the emergency centre were deserted.

Two senior nurses were advising patients in need of medical attention to try private hospitals as nurses and doctors were on strike.
...
The senior doctors were also protesting against poor working conditions and infrastructure.

They believe the conditions are unbearable for them to come to work and watch patients die.

The Standard understands that late last week senior doctors reportedly discharged a large number of patients admitted at both hospitals saying the institutions had become “death traps”.



Iceland seeks loans from Nordic neighbours

HELSINKI (AFP) — Icelandic Prime Minister Geir Haarde said Monday he had asked his Nordic peers for much needed funds at a summit on the global financial crisis that has pushed his country to the brink of bankruptcy.

"We have put loan requests to all four Nordic (central) banks," Haarde told a press conference in the Finnish capital, where he and the prime ministers of Denmark, Finland, Norway and Sweden were discussing the turmoil.

"I am not ready to tell in detail what we have requested," he said, adding: "I do not want to put pressure on my colleagues."



Egypt: Egyptian court fines TV boss $27 000 over riot broadcasts

(SomaliNet) A television agency boss was on Sunday fined US$27 000 by an Egyptian court fined after his company broadcast images of food rioters tearing down portraits of President Hosni Mubarak in April.

The court fined Nader Gohar, who owns the Cairo News Company, 100 000 pounds for operating a broadcast network without the necessary permits and 50 000 pounds for operating unlicenced broadcasting equipment, Gohar said.



France calls extraordinary EU summit on crisis

EU leaders will meet in Brussels on 7 November to hammer out a common EU contribution to the G20 summit scheduled a week later in Washington to address the financial crisis and its effects on the world economy.

French President and EU presidency holder Nicolas Sarkozy called the extraordinary meeting after announcing his intention to launch a debate on "the refoundation of capitalism" following the collapse of major banks in the US and Europe.



Is the USA Ready for an American Stalin?

After observing the growth of Barack Hussein Obama’s increasingly militant and dictatorial movement over the last several months, I have—on many occasions—been reminded of the infamous Russian tyrant Joseph Vissarionovich Stalin. As the actual facts about Stalin may now have been omitted from US middle and high school teaching textbooks, I’ll provide a brief summary of Stalin’s achievements.



Over 40 women arrested in protest over Zim talks

HARARE – Over 40 human rights activists were arrested in Harare on Monday as they took to the street to protest against the delay in concluding the country’s power-sharing agreement between President Robert Mugabe and the leaders of the two MDC formations, Morgan Tsvangirai and Arthur Mutambara.

The activists, most of whom came from the Women in Politics Education Project (WPEP), demonstrated in the streets of the capital as the Southern African Development Community’s (SADC) organ on politics, defence and security met in Harare to try and find a solution to the impasse over allocation of Cabinet posts between Mugabe and Tsvangirai.




Police to File Charges in Riot

STATE COLLEGE, CENTRE COUNTY - State College Police will be filing charges after a celebration turns destructive.

After Penn State beat Ohio State Saturday night in a football game, fans gathered in the streets, celebrating the win. People ran around the streets on Beaver Avenue. Police say as many as 5,000 gathered downtown. The crowd uprooted trees, toppled street lights and destroyed street signs.

[ATTENTION: This is only a football game. Anyone who doesn't think this will happen election night is a fucking moron. Thank you.]



Police will use new device to take fingerprints in street

Every police force in the UK is to be equipped with mobile fingerprint scanners - handheld devices that allow police to carry out identity checks on people in the street.

The new technology, which ultimately may be able to receive pictures of suspects, is likely to be in widespread use within 18 months. Tens of thousands of sets - as compact as BlackBerry smartphones - are expected to be distributed.

The police claim the scheme, called Project Midas, will transform the speed of criminal investigations. A similar, heavier machine has been tested during limited trials with motorway patrols.

To address fears about mass surveillance and random searches, the police insist fingerprints taken by the scanners will not be stored or added to databases.

[Don't count on it.]




White House Aide: President-Elect Won't Participate In G20 Meeting

WASHINGTON -(Dow Jones)- Whoever wins next week's U.S. presidential election won't take part in the Group of 20's economic-crisis summit on Nov. 15, a top White House official said Monday.

"I think I've heard from both campaigns that they don't intend to participate directly," White House Chief of Staff Josh Bolten said on CNBC Monday.

The emergency meeting, to be held in Washington's National Building Museum, will provide a forum for world leaders to air their views on the crisis shaking financial markets and brainstorm on a coordinated response.

While the White House has downplayed expectations for new policy to be set at the session, French President Nicolas Sarkozy is pushing for an overhaul of the global financial architecture, and calling for action to be taken quickly.



World Government to Reign in "Fascist" America?

Richard Falk, who justly earned his way into David Horowitz’s book The Professors as one of the “101 Most Dangerous Academics in America,” now lectures more august audiences at the United Nations. Appointed as the United Nations Human Rights Council to serve as its special rapporteur on human rights in the Palestinian territories in March, Falk has in a matter of months lived down to his opponents’ worst expectations. In addition to The Professors, Falk should be added to a list of the most biased anti-Israel UN human rights investigators, not an easy list to make at the UN. He believes Israel, and the United States, are guilty of Nazi-like barbarism, which the United Nations decries even as it dismisses investigations into North Korea and Cuba. Falk would abolish the alleged democratic atrocities by establishing a “world government” in which foreigners could overturn U.S. policies through “binding referenda.”




World Leaders Urge Global Financial Overhaul

Asian and European leaders over the weekend urged a major overhaul of the international currency and financial systems at the Asia-Europe Meeting in Beijing.

In a joint statement, they also pledged to cooperate on the denuclearization of the Korean Peninsula and act on climate change and energy security.

“The International Monetary Fund and other international financial institutions should assume their mandated role in the global financial system, to help stabilize the international financial situation,” the statement said.

“Leaders agreed that IMF should play a critical role in assisting countries seriously affected by the crisis, upon their request,” it added.
Better governance for a global age

WATERLOO, Ontario — The financial crisis roiling the world is the result of serious shortcomings in domestic financial governance that have also highlighted gaps in the global governance of international finance and capital.

On any given day, mail is delivered across borders; people travel from one country to another via a variety of transport modes; goods and services are freighted across land, air, sea and cyberspace; and a whole range of other cross-border activities take place in reasonable expectation of safety and security for the people, groups, firms and governments involved.

Disruptions and threats are rare — indeed, in many instances rarer in the international domain than in some sovereign countries that should have effective and functioning governments. That is to say, international transactions are typically characterized by order, stability and predictability.

This immediately raises a puzzle. How is the world governed — in the absence of a world government — to produce these norms, codes of conduct, and regulatory, surveillance and compliance instruments? The answer is global governance: the sum of laws, norms, policies and institutions that define, constitute and mediate relations among citizens, society, market and public authorities — the wielders and objects of the exercise of public power.



Morocco: Tangier Experiences Massive Flooding

For the past few years, Morocco has been experiencing a significant drought. Unfortunately, recent rain storms have brought little relief, as Northern Morocco experiences massive flooding, claiming the lives of at least 13 people.



Iraqi ministry members hurt in car bombing

BAGHDAD, Iraq (CNN) -- Four members of Iraq's health ministry were wounded Sunday after a bomb attached to their vehicle detonated in central Baghdad, an Interior Ministry official said.



ISRAEL: Water woes

Israel's geographic location, steady population increase and rising living standards place a chronic strain on the country's limited water resources. Now, four consecutive years of drought are pushing the water problem into a full-blown crisis.

The shortage touches all areas of life -- agriculture and the environment as well as personal hygiene. Twenty-five years ago, "Raful," as then-agriculture-minister Rephael Eitan was known, proposed that Israelis shower in pairs. Fun as that may be, long-term national planning would have been more effective, according to a parliamentary inquiry committee on the Israeli water sector in 2002. More recently, national infrastructures minister Benjamin Ben-Eliezer initiated an emergency plan that will, among other things, dramatically increase the country's desalinization capabilities.



Lanka floods claim four, displace lakhs

The flood situation in Sri Lanka continued to worsen in the last 24 hours with four people dying and the number of people affected climbing above the 1.36 lakh mark.
The worst affected are areas in the south, west and north-west of the country where occupants of more than 25,000 homes have had to seek shelter.



Nationalist Group Linked To Killings Christians In Turkey

ISTANBUL, TURKEY (BosNewsLife)-- Turkish officials said Tuesday, October 21, that they will resume a trial against suspected members of an anti-Christian nationalist-secularist group with links to the army and secret services, who allegedly killed many people, including three Christian publishing house employees, a priest, a journalist and a judge.




New Aral Sea Map Followup

While looking around online for more up to date information regarding the Aral Sea, I found a couple images to share. They both come from Oriental Express, which is more a tourism advancement site than one dedicated to water management or Central Asian scholarship. Still, I hadn’t seen either of these images before. I am largely at the whim of Google’s search engine, so I’d appreciate any leads on Aral scholarship from the readers.




India, Iran to explore trade, transit facilities

NEW DELHI: External Affairs Minister Pranab Mukherjee will visit Iran from November 1 to attend a Joint Commission meeting during which the two countries are likely to sign three agreements and explore ways of improving trade and transit infrastructure.

Tehran hopes that the two sides will be able to discuss the Iran-Pakistan-India gas pipeline, whose trilateral future hangs in the balance because of New Delhi’s sensitivity over the transit route through Pakistan.



Iran arming 'freedom armies': top commander

TEHRAN (AFP) — Iran is arming "freedom armies" in the Middle East, according to a top commander of the country's elite Revolutionary Guards quoted Sunday by a military website.
"Today, not only our armed forces are self sufficient but the freedom armies of the region get part of their weaponary from us," said Hossein Hamedani, deputy commander of Iran's volunteer Basij militia.

His comments appeared on the public relations website of the Revolutionary Guards, of which the Basij militia forms a part.



Asia eyes key stake in new global financial system

WASHINGTON (AFP) — Asian leaders will find the first global summit on the current financial turmoil a perfect venue to demand a key stake for the region in any new international financial system, experts say.

As Europe and the United States clash over their leadership role in framing a new international financial architecture at the November 15 meeting in Washington, Asians feel they have much of a stake in the stability of the global system as the industrialized countries, the experts said.



Australian central bank intervenes as dollar falls again

SYDNEY (AFP) — Australia's central bank intervened Monday to prop up the local dollar which closed down 4.2 percent against the greenback as investors turned it into the whipping boy of the global financial crisis.

The Aussie was trading at 0.6122 to the greenback at 5:00pm (0600 GMT), down more than two US cents from Friday's domestic close of 0.6388, after hitting a five-year low of 0.6060 in US weekend trade, its weakest since April 15, 2003.



SKorea makes biggest-ever rate cut in face of crisis

SEOUL (AFP) — South Korea Monday announced its largest-ever interest rate cut and urged legislators to approve big tax cuts and spending increases to shield the economy from the global financial crisis.

President Lee Myung-Bak said the country would not face a repeat of the 1997-1998 financial crisis, but stressed the need to bolster domestic demand to counter sluggish exports amid the global slowdown .

The Bank of Korea earlier reduced its key rate by 75 basis points to 4.25 percent after a special meeting, the largest-ever one-day cut.




Back to Bretton Woods
European leaders invoke historic conference to fix financial system

LONDON (MarketWatch) -- Forget Davos. As world leaders attempt to pick up the pieces left by the most terrifying financial crisis since the Depression, it may be time for a New Hampshire mountain resort town to reclaim the spotlight.

French President Nicolas Sarkozy and British Prime Minister Gordon Brown have sounded calls for a revisit of the 1944 Bretton Woods conference that laid the groundwork for much of the postwar financial world order.

President Bush earlier this week acquiesced to calls by Sarkozy and European Union officials, setting a Nov. 15 summit of leaders from the Group of 20 leading industrial and developing nations to be held at the National Building Museum in Washington.



Doomsday in an Oil Barrel

Just say this: There will be an attack on one of Saudi Arabia’s major oil terminals (e.g. Ras Tanura, Abqaiq or the Strait of Hormuz) within the next six months.

As a consequence, more than six million barrels per day will be taken off the global market, leading the price of oil to rise overnight to more than $200/bbl – and stay there for as long as a year until the terminal is repaired. The President of the United States, the Prime Minister of Japan, and heads of government in Europe will open sustained crisis consultations, coordinate the release and sharing of strategic petroleum reserves, and agree on other measures to try to manage the crisis. Notwithstanding these efforts, the global economy – already over-burdened by the collapse of financial markets – will sink rapidly into the chaos of a deep and prolonged depression. Japan, which imports 99% of its fuel, will be first to go, but the interdependence inherent in our globalized world will assure that all industrialized countries will suffer essentially the same fate.



Iran media confirms: Ahmadinejad is ill

Iranian President Mahmoud Ahmadinejad has fallen ill due to his heavy workload, a close associate told the Iranian state news agency late Saturday.

Parliament member Mohammad Ismail Kowsari, a close ally of the president, told IRNA that Ahmadinejad was feeling under the weather because of the strain of his position.



Iranian official calls for attack on UK

Fearing a US strike on Iran during President George W. Bush's last months in office, a senior Iranian official has suggested the Islamic regime should target London to deter such an attack.

In an article on the Iranian Web site Aftab last week - translated by the Washington-based Middle East Media Research Institute - the head of the Europe and US Department in the Iranian Foreign Ministry, Wahid Karimi, said that an attack on London would deter the US from attacking Teheran.

"The most appropriate means of deterrence that Iran has, in addition to a retaliatory operation in the [Gulf] region, is to take action against London," Karimi said.



Nato officers rent villa owned by Naples Mafia boss Antonio Iovine

American Nato officers have been renting a villa near Naples for years that belongs, indirectly, to Antonio Iovine, a clan chieftain of the Camorra, the Neapolitan Mafia.

Mr Iovine, 44, nicknamed “o’ninno” — the baby — because of his small stature, is wanted for murder and other crimes, and is listed among the 30 most dangerous criminals in Italy. He has been on the run for 12 years.

According to an investigation that was published in Corriere della Sera yesterday the villa of Mr Iovine may be only the tip of an iceberg. Italian police sources suggested that there were scores of similar cases in the Naples area of Nato service personnel living in houses that were owned by the Camorra. There are several Nato facilities in the area, notably a US telecommunications centre in Bagnoli and the US Air Force base at Capodichino.

“It’s ludicrous, isn’t it? The coffers of Nato, to which Italy also contributes, are helping to fill the coffers of the Camorra,” Franco Roberti, the co-ordinator of the local anti-Mafia bureau, said.



Iran expands naval bases amid threats

Iran says the country's military is set to expand its defensive fronts in the Strait of Hormuz, the Sea of Oman and the Indian Ocean.

The announcement by Iran's Deputy Army Commander Brigadier General Abdolrahim Moussavi came after the country's Armed Forces inaugurated a new naval base in the strategic port of Jask on Monday.

Describing the port of Jask as the main entrance to Iranian waters, Brig. Gen. Moussavi said the new naval base would act as a protective barrier against enemy infiltration.




Floods in Yemen claim 68 lives

At least 68 people are dead and a further 31 missing in severe flooding caused by torrential rain in Yemen.

Around 1,700 homes have been destroyed displacing hundreds of families in floods that swept the south-eastern provinces of Hadramout and Mahra, following 30 hours of heavy rainfall.

Yemeni authorities have declared the eastern provinces a disaster area and President Ali Abdullah Saleh has allocated almost €80m in aid to flood-hit areas.



Black Sea security program regional workshop kicks off in Yerevan

/PanARMENIAN.Net/ On the initiative of Harvard University and National Strategic Research Institute at the RA Ministry of Defense, Black Sea security program regional workshop kicked off with participation of 16 countries in Yerevan today.

"Armenia was among the first countries to join the program. This conference offers a possibility to exchange opinions and transmit a clear message on regional security," said major general Hayk Kotanjyan, director of the National Strategic Research Institute.



Astana, Tehran to Swap Oil Rights

Kazakhstan is ready to exchange exploration rights it holds for oil and gas assets in the Caspian Sea with Iran to gain access to reserves in the Persian Gulf, Prime Minister Karim Masimov said, according to Shana.ir.

"In general, we are ready to swap assets with Iran, but there is no particular deal under way," Masimov said in Astana.



Bosphorus City sells

For the last month everyone has been listening intently to news of the impending crisis and asking how big it will get and when it will end. Yet, despite these anxieties, 350 people bought $150 million dollars worth of houses from Sinpaş GYO in a 12-day period.

The real estate firm started sales of its Bosphorus Project in Halkalı-Büyükçekmece, a developing industrial and residential area past the airport in Istanbul, on Oct. 11 and in a matter of 12 days the company had sold 350 units.



China, Vietnam make breakthrough on border issues

China and Vietnam have pledged to turn contentious border areas into economic growth zones and jointly explore oil-rich offshore areas.

The agreement was reached during a visit by Vietnamese Prime Minister Nguyen Tan Dung to Beijing.

Both countries are among claimants to the Spratly islands in the South China Sea, and claim sovereignty over the Paracel islands, occupied by China.

During Mr Dung's visit, the two governments agreed to start a joint survey of the region, advance negotiations on demarcation of the maritime zones and jointly exploit them.




EDF in £265million North Sea gas buy

France's EDF has increased its grasp of the UK energy sector, buying a majority of North Sea gas fields from ATP Oil & Gas in a £265million deal.

The French utility will take control of 80 per cent of ATP’s North Sea business, with the option to acquire the remainder next year.

The deal will give EDF control 68 per cent of the Tors zone, which includes two natural gas fields, and 80 per cent of the Wenlock field.

The total volume of reserves is estimated at three billion cubic metres. ATG, a subsidiary of a US company, will continue to operate the fields, whose output is delivered to the Bacton gas terminal.




Japan to Agree $800 Million Loan to Fund Panama Canal Expansion

Oct. 27 (Bloomberg) -- The Japan Bank for International Cooperation, the state-owned overseas lender, said it will sign an $800 million syndicated loan for the expansion of the Panama Canal that will help Japan boost trade with the Americas.

JBIC, as the state bank is known, will offer $400 million, and Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. will provide another $400 million, said JBIC spokesman Ryutaro Nishizaki. The loan contract will be signed by year end, he said.



Malaysia to host first-of-its-kind international water conference

Malaysia will host a two-day international conference on water from November 18, against the backdrop of a looming global water shortage.

The Asia Pacific Water Conference 2008, the first of its kind to be organised, will see the exchange of views and sharing of best practices in water resources management among experts from Malaysia, the Philippines, the United States, Russia, Germany, Singapore, Indonesia, Denmark and India.

The conference, themed “A Shared Future in Water” to be held at the Sheraton Subang Hotel and Towers in Subang Jaya, is jointly organised by the Institute of Strategic and International Studies (ISIS) and the Water Association of Selangor, Kuala Lumpur and Putrajaya (Swan), according to a statement.




The Globalist Quiz Who's running out first?

The United Kingdom, now producing almost 600 million barrels per year, with 0.3 percent of the world's proven reserves, has an estimated six years until it runs out of oil. The reserves of another North Sea oil producer, Norway, are expected to disappear in less than nine years. Both countries began to produce oil in significant quantities in the late 1970s, a factor critical in overcoming the effects of the 1973-74 oil crisis.



Ocean transportation and Logistics: Port of New Orleans poised for growth

NEW ORLEANS—While shippers might assume that the Port of New Orleans is still in recovery mode from Hurricane Katrina and subsequent storms, a recent visit revealed that authorities there are doing more than just treading water.

“As you can see, there’s a lot of new development underway in anticipation of the Panama Canal expansion,” said port spokesman, Chris Bonura. “We have been experiencing steady growth over the past year, and anticipate more as our ‘master plan’ moves forward.”

Indeed, in a recent address to port stakeholders, Port of New Orleans president and CEO Gary LaGrange, detailed how a well-funded 2020 Master Plan would enhance existing container and breakbulk operations.



Primeline Energy Agreement in Principle for Gas Sale

LONDON, ENGLAND, Oct 27, 2008 (MARKET WIRE via COMTEX) -- Primeline Energy Holdings Inc. ("Primeline" or the "Company") (TSX VENTURE: PEH) today reported that an agreement in principle for the sale of gas from the Lishui 36-1 gas discovery (the "Agreement") has been entered into and the Company now proposes to proceed with the preparation of the development plan for the Lishui 36-1 discovery.
...
Primeline and China National Offshore Oil Corp. ("CNOOC") have concluded initial negotiations with Zhejiang Natural Gas Development Company Ltd. ("Zhejiang Gas") which have resulted in the Agreement being signed on 27th October 2008 between Zhejiang Gas and CNOOC. Entering into the Agreement, CNOOC acted on its own behalf and on behalf of Primeline and Primeline Petroleum Corporation ("PPC"), the foreign contractors as defined by the petroleum contract for Block 25/34 ("Petroleum Contract").