A United Nations document on "climate change" that will be distributed to a major environmental conclave next week envisions a huge reordering of the world economy, likely involving trillions of dollars in wealth transfer, millions of job losses and gains, new taxes, industrial relocations, new tariffs and subsidies, and complicated payments for greenhouse gas abatement schemes and carbon taxes — all under the supervision of the world body.
Those and other results are blandly discussed in a discretely worded United Nations "information note" on potential consequences of the measures that industrialized countries will likely have to take to implement the Copenhagen Accord, the successor to the Kyoto Treaty, after it is negotiated and signed by December 2009. The Obama administration has said it supports the treaty process if, in the words of a U.S. State Department spokesman, it can come up with an "effective framework" for dealing with global warming.Read More
G20 must act on economy - Brown .
UK Prime Minister Gordon Brown has urged world leaders at next week's G20 summit to "take action" to reform the global banking system.
The London summit must ensure "strong growth and recovery, and particularly jobs in the world economy", he said.
He added that there must be help for the poorest countries, saying that the global downturn had pushed 100 million people into poverty.
Mr Brown was in the US, as part of a three-continent tour ahead of the G20.
Following talks with UN secretary general Ban Ki-moon in New York, Mr Brown said that at the G20 summit in London "doing nothing is no longer an option".
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The London summit must ensure "strong growth and recovery, and particularly jobs in the world economy", he said.
He added that there must be help for the poorest countries, saying that the global downturn had pushed 100 million people into poverty.
Mr Brown was in the US, as part of a three-continent tour ahead of the G20.
Following talks with UN secretary general Ban Ki-moon in New York, Mr Brown said that at the G20 summit in London "doing nothing is no longer an option".
Read More
US backing for world currency stuns markets
US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is "quite open" to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.
The dollar plunged instantly against the euro, yen, and sterling as the comments flashed across trading screens. David Bloom, currency chief at HSBC, said the apparent policy shift amounts to an earthquake in geo-finance.
"The mere fact that the US Treasury Secretary is even entertaining thoughts that the dollar may cease being the anchor of the global monetary system has caused consternation," he said.
Mr Geithner later qualified his remarks, insisting that the dollar would remain the "world's dominant reserve currency ... for a long period of time" but the seeds of doubt have been sown. Read More
South America eyes common currency
BRASILIA (Thomson Financial) - South America is thinking of creating a common currency and a central bank along the lines of those in the European Union's euro-zone, Brazilian President Luiz Inacio Lula da Silva said Monday.
The idea is a logical next step following the signing last Friday of a teaty creating a Union of South American States that aims to promote joint regional customs and defense policies, Lula said during his weekly radio broadcast.
'Many things still haven't been realized. We are now going to create a Bank of South America. We are going to move forward so in the future we'll have a single central bank, a common currency,' he said.More
The idea is a logical next step following the signing last Friday of a teaty creating a Union of South American States that aims to promote joint regional customs and defense policies, Lula said during his weekly radio broadcast.
'Many things still haven't been realized. We are now going to create a Bank of South America. We are going to move forward so in the future we'll have a single central bank, a common currency,' he said.More
Southern African countries launch free trade zone
JOHANNESBURG (AFP) — Southern African countries launched a regional trade zone at a summit on Sunday that aims to eliminate import tariffs, with plans for a common currency by 2018.
Eleven of the 14 countries that are part of the Southern African Development Community (SADC) will participate in the free trade area, including Zimbabwe, which has the world's highest inflation rate officially put at 2.2 million percent.
South Africa, the continent's economic powerhouse, is also among the countries that are part of the free trade zone.More
Eleven of the 14 countries that are part of the Southern African Development Community (SADC) will participate in the free trade area, including Zimbabwe, which has the world's highest inflation rate officially put at 2.2 million percent.
South Africa, the continent's economic powerhouse, is also among the countries that are part of the free trade zone.More
Nobel-prize winner backs world currency
KAZAKH President Nursultan Nazarbayev has won backing for his plan for a single world currency from an intellectual architect of the euro currency, Nobel-prize winner Professor Robert Mundell.
Nazarbayev, speaking at an economic forum in the glitzy new capital he has built on the Kazakh steppe, defended his proposal for the "acmetal'' world currency saying it might "look kind of funny'' but was not.
More
Nazarbayev, speaking at an economic forum in the glitzy new capital he has built on the Kazakh steppe, defended his proposal for the "acmetal'' world currency saying it might "look kind of funny'' but was not.
More
China calls for a New Global Currency.
BEIJING -- China called for the creation of a new currency to eventually replace the dollar as the world's standard, proposing a sweeping overhaul of global finance that reflects developing nations' growing unhappiness with the U.S. role in the world economy.
The unusual proposal, made by central bank governor Zhou Xiaochuan in an essay released Monday in Beijing, is part of China's increasingly assertive approach to shaping the global response to the financial crisis.Mr. Zhou's proposal comes amid preparations for a summit of the world's industrial and developing nations, the Group of 20, in London next week. At past such meetings, developed nations have criticized China's economic and currency policies.Read More
The unusual proposal, made by central bank governor Zhou Xiaochuan in an essay released Monday in Beijing, is part of China's increasingly assertive approach to shaping the global response to the financial crisis.Mr. Zhou's proposal comes amid preparations for a summit of the world's industrial and developing nations, the Group of 20, in London next week. At past such meetings, developed nations have criticized China's economic and currency policies.Read More
Geithner to seek unprecedented powers, insiders say
WASHINGTON (CNN) -- Treasury Secretary Tim Geithner will push for unprecedented new regulatory powers on Tuesday to seize financial institutions whose failure would pose serious risks to the U.S. financial system, according to two senior administration officials.
Geithner is expected to make his case in testimony before the House Financial Services Committee.
With such "resolution authority," the federal government could intervene and aggressively reorganize a troubled business -- such as insurance giant AIG -- before its problems ripple through the global financial system, the administration officials said.Read More
Geithner is expected to make his case in testimony before the House Financial Services Committee.
With such "resolution authority," the federal government could intervene and aggressively reorganize a troubled business -- such as insurance giant AIG -- before its problems ripple through the global financial system, the administration officials said.Read More
U.N. reports say Israel targeted civilians in Gaza
GENEVA (Reuters) - United Nations investigators said on Monday Israel violated a range of human rights during its invasion of Gaza, including targeting civilians and using a child as a human shield.
The accusations came in reports to the U.N. Human Rights Council which also called for an urgent end to Israeli restrictions on humanitarian supplies to Gaza and a full international investigation into the conflict.
"Civilian targets, particularly homes and their occupants, appear to have taken the brunt of the attacks, but schools and medical facilities have also been hit," said one report by Radhika Coomaraswamy, the U.N. Secretary-General's Special Representative for Children and Armed Conflict.More
South Africa bans Dalai Lama visit
South Africa has denied the Dalai Lama a visa to attend a peace conference due to pressure from China, reports say.
Several Nobel laureates have threatened to boycott the conference in Johannesburg, which has been organised to highlight the first World Cup to be held in Africa.
Archbishop Desmond Tutu has already pulled branding the decision to bar the Dalai Lama as "disgraceful.More
Several Nobel laureates have threatened to boycott the conference in Johannesburg, which has been organised to highlight the first World Cup to be held in Africa.
Archbishop Desmond Tutu has already pulled branding the decision to bar the Dalai Lama as "disgraceful.More
EPA says global warming a public danger.
WASHINGTON (AP) — The White House is reviewing a proposed finding by the Environmental Protection Agency that global warming is a threat to public health and welfare.
Such a declaration would be the first step to regulating carbon dioxide and other greenhouse gases under the Clean Air Act and could have broad economic and environmental ramifications. It also would likely spur action by Congress to address climate change more broadly.
The White House acknowledged Monday that the EPA had transmitted its proposed finding on global warming to the Office of Management and Budget, but provided no details. It also cautioned that the Obama administration, which sees responding to climate change a top priority, nevertheless is ready to move cautiously when it comes to actually regulating greenhouse gases, preferring to have Congress act on the matter.More
Such a declaration would be the first step to regulating carbon dioxide and other greenhouse gases under the Clean Air Act and could have broad economic and environmental ramifications. It also would likely spur action by Congress to address climate change more broadly.
The White House acknowledged Monday that the EPA had transmitted its proposed finding on global warming to the Office of Management and Budget, but provided no details. It also cautioned that the Obama administration, which sees responding to climate change a top priority, nevertheless is ready to move cautiously when it comes to actually regulating greenhouse gases, preferring to have Congress act on the matter.More
Iran sets terms for U.S. ties
TEHRAN (Reuters) - Iran has responded to U.S. President Barack Obama's offer of better relations by demanding policy changes from Washington, but the Islamic state is not closing the door to a possible thaw in ties with its old foe.
Iran wants the United States to show concrete change in its behavior toward it, for example by handing back frozen assets, but Tehran is not pursuing "eternal hostility," said Professor Mohammad Marandi at Tehran University.More
Iran wants the United States to show concrete change in its behavior toward it, for example by handing back frozen assets, but Tehran is not pursuing "eternal hostility," said Professor Mohammad Marandi at Tehran University.More
Resistance grows to Obama's bigger government
WASHINGTON (Reuters) - A public furor over big bonuses paid by firms bailed out with U.S. taxpayer money is fueling resistance to President Barack Obama's ambitious plans to extend government intervention in the U.S. private sector.
Republican opponents say his commitment of huge sums to try to revive the ailing economy is driven by a philosophical belief in greater government intrusion in many areas, from healthcare to education, dubbing it socialism.More
Republican opponents say his commitment of huge sums to try to revive the ailing economy is driven by a philosophical belief in greater government intrusion in many areas, from healthcare to education, dubbing it socialism.More
U.S. plan to buy toxic assets near
Treasury chief Tim Geithner is poised to announce details of next step in rescuing banks: Public-private partnerships.
NEW YORK (CNNMoney.com) -- The Obama administration on Monday will unveil a program to help banks clean up their books by purchasing their bad assets.
The effort marks the next big step in Washington's six-month-old bank rescue, which has so far mostly entailed making capital investments in exchange for stock shares and insuring bank obligations.More
NEW YORK (CNNMoney.com) -- The Obama administration on Monday will unveil a program to help banks clean up their books by purchasing their bad assets.
The effort marks the next big step in Washington's six-month-old bank rescue, which has so far mostly entailed making capital investments in exchange for stock shares and insuring bank obligations.More
GPS tracking tags attached to dementia sufferers by NHS trust
By Daily Mail Reporter
Last updated at 8:34 AM on 18th March 2009
GPS tracking devices are to be fitted to dementia patients in the first trial of its kind in Britain.
A total of 20 patients from the Thames Valley and Somerset areas are taking part in the trial which enables their movements to be monitored on a map via a secure website.More
Last updated at 8:34 AM on 18th March 2009
GPS tracking devices are to be fitted to dementia patients in the first trial of its kind in Britain.
A total of 20 patients from the Thames Valley and Somerset areas are taking part in the trial which enables their movements to be monitored on a map via a secure website.More
Israeli army ordered to devise Iran war
As Israeli talks of war on Iran gain momentum, Israel's military Chief of Staff says the army must prepare for a military aggression.
In a meeting with top US diplomats on Monday, Lt. Gen. Gabi Ashkenazi said Israel could not live with a nuclear Iran and that an Israeli military strike was a "serious" option in retarding the country's progress.
Ashkenazi -- whose request to meet with President Barack Obama and his American counterpart Admiral Mike Mullen was turned down -- made the remarks in a meeting with US Secretary of State Hillary Clinton and her designated US envoy to the Persian Gulf, Dennis Ross. More
In a meeting with top US diplomats on Monday, Lt. Gen. Gabi Ashkenazi said Israel could not live with a nuclear Iran and that an Israeli military strike was a "serious" option in retarding the country's progress.
Ashkenazi -- whose request to meet with President Barack Obama and his American counterpart Admiral Mike Mullen was turned down -- made the remarks in a meeting with US Secretary of State Hillary Clinton and her designated US envoy to the Persian Gulf, Dennis Ross. More
China worried about safety of U.S. debt
Premier Wen says China's large stake in U.S. Treasurys could lose value from massive U.S. deficit spending.
BEIJING (Reuters) -- Premier Wen Jiabao held out the prospect of extra stimulus spending if needed to hit China's 8% growth goal this year and called on Washington to ease worries Beijing has about the safety of its vast U.S. assets.
In his annual news conference ending the nine-day session of China's ceremonial parliament, Wen on Friday reaffirmed China's commitment to keeping the yuan broadly steady and noted that the currency, far from having depreciated, had been rising in value.More
BEIJING (Reuters) -- Premier Wen Jiabao held out the prospect of extra stimulus spending if needed to hit China's 8% growth goal this year and called on Washington to ease worries Beijing has about the safety of its vast U.S. assets.
In his annual news conference ending the nine-day session of China's ceremonial parliament, Wen on Friday reaffirmed China's commitment to keeping the yuan broadly steady and noted that the currency, far from having depreciated, had been rising in value.More
Sarkozy wins French NATO re-entry vote
PARIS, France (CNN) -- Opposition lawmakers Tuesday ridiculed President Nicolas Sarkozy for taking France back into NATO's military command after more than 40 years, but were unable to stop the move when it came to a vote.
The National Assembly voted in favor of Sarkozy's plan, 329-238.
Socialist Laurent Fabius, a former prime minister, told Prime Minister Francois Fillon: "You tell us this would mean more independence and more influence. It would probably mean less independence and less influence.More
The National Assembly voted in favor of Sarkozy's plan, 329-238.
Socialist Laurent Fabius, a former prime minister, told Prime Minister Francois Fillon: "You tell us this would mean more independence and more influence. It would probably mean less independence and less influence.More
Russia plans military upgrade to match NATO
Russia plans to boost both conventional armed forces and nuclear forces to counter a growing threat from Nato, President Dmitry Medvedev said yesterday, raising the spectre of a military confrontation between Moscow and the west.
In a hawkish speech to Russia's top generals, Medvedev said Russia intended to upgrade the army and navy from 2011. Strategic nuclear forces would also be overhauled in an effort to guarantee the country's security.
Modernisation was necessary because of the danger posed by the transatlantic military alliance. "Attempts to expand the military infrastructure of Nato near the borders of our country are continuing," Medvedev said. "The primary task is to increase the combat readiness of our forces. They must be able to fulfil all the necessary tasks to ensure Russia's security."More
In a hawkish speech to Russia's top generals, Medvedev said Russia intended to upgrade the army and navy from 2011. Strategic nuclear forces would also be overhauled in an effort to guarantee the country's security.
Modernisation was necessary because of the danger posed by the transatlantic military alliance. "Attempts to expand the military infrastructure of Nato near the borders of our country are continuing," Medvedev said. "The primary task is to increase the combat readiness of our forces. They must be able to fulfil all the necessary tasks to ensure Russia's security."More
The End Of Money
"...nobody might be able to buy or sell except a person having the mark, the name of the wild beast or the number of its name. Here is where wisdom comes in: Let the one that has intelligence calculate the number of the wild beast, for it is a man's number; and its number is six hundred and sixty-six."-.Revelation 13:17,18
Introduction.
As our world shakes and reels from the shock waves of the current financial crisis; there are still those who believe naively that what is now occurring is part of some cyclical `ebb and flow` in the evolution of the worlds financial markets, which will in time, begin to recover and once again, the good times will return.
I have some bad news for those `optimists`! There will be no recovery. What is happening now is as David Icke has written at length, part of a grand strategy to create a New World Order, a `One World State` with a World Government, World Army, World Bank, World Currency, World Religion and a vastly reduced population of micro chipped slaves. Money as we know it will soon cease to exist. In it's place will be `Electronic Money`, initially utilised via `Biometric ID Cards` being introduced at the moment in the UK and elsewhere, which in turn will be replaced by `Personal Microchips` replete with RFID technology. This `progress` will be sold to the public on the basis of being to everyone's advantage. Never again will our children be vulnerable to `capture and abuse` for we will know where they are at all times (as will the State for the rest of their lives) and our `money` will be `un-stealable` (except by the State). More
Introduction.
As our world shakes and reels from the shock waves of the current financial crisis; there are still those who believe naively that what is now occurring is part of some cyclical `ebb and flow` in the evolution of the worlds financial markets, which will in time, begin to recover and once again, the good times will return.
I have some bad news for those `optimists`! There will be no recovery. What is happening now is as David Icke has written at length, part of a grand strategy to create a New World Order, a `One World State` with a World Government, World Army, World Bank, World Currency, World Religion and a vastly reduced population of micro chipped slaves. Money as we know it will soon cease to exist. In it's place will be `Electronic Money`, initially utilised via `Biometric ID Cards` being introduced at the moment in the UK and elsewhere, which in turn will be replaced by `Personal Microchips` replete with RFID technology. This `progress` will be sold to the public on the basis of being to everyone's advantage. Never again will our children be vulnerable to `capture and abuse` for we will know where they are at all times (as will the State for the rest of their lives) and our `money` will be `un-stealable` (except by the State). More
Change? Obama Inner Circle Filled With Bilderbergers
FOR TWO YEARS, Americans have heard an unrelenting mantra of change emanating from the campaign trail. But now that President-elect Barack Obama has begun forming his cabinet, we’re seeing a cadre of more deeply entrenched insiders than any administration that has preceded it.
In regard to key foreign policy advisors, all three of Obama’s selections either initially supported the Iraq war, or still do. On the economic front, each appointee maintains a close relationship with the Jewish triad of Ben Bernanke, Robert Rubin and Alan Greenspan—as well as bailout engineer Henry Paulson. Barack Obama himself is a Council on Foreign Relations member, has strong ties to Zbigniew Brzezinski, and participated in a clandestine meeting with Hillary Clinton at Bilderberg member Diane Feinstein’s house at the time when 2008 Bilderberg members were congregating only a few miles away.More
CBS Mobile to test location-based cellphone ads
Psst, hey you! There's a cheap latte waiting at the coffee shop on the corner!
CBS planned to announce Wednesday that it was trying one of the first serious experiments with cellphone advertising that is customized for a person's location. Its CBS Mobile unit is teaming up with the social networking service Loopt, which allows its subscribers to track participating friends and family on their cellphones.More
G20 make pledge to restore growth
Finance ministers from the G20 group of rich and emerging nations have pledged to make a "sustained effort" to pull the world economy out of recession.
"We are committed to deliver the scale of sustained effort necessary to restore growth," they said in a joint statement after their talks in the UK.
UK Chancellor Alistair Darling said they agreed the International Monetary Fund (IMF) should be given more money.More
Iran, China sign $3.2 billion gas deal
The deal was signed in Teheran between Iran LNG Company and a Chinese-led consortium, the report said.
The Chinese company will build a line to liquify gas in Phase 12 of the giant South Pars Gas Field in southern Iran. It didn't give further details.
The United States is pushing for China and others to abide by United Nations sanctions aimed at pressuring Iran to rein in its nuclear program.
South Korea, Japan warn North Korea on missile
SEOUL (Reuters) - Japan said on Friday it could shoot down any threatening object falling toward its territory, after North Korea said a planned rocket launch would send it across Japanese territory.
North Korea has given notice to global agencies that it plans to launch a satellite between April 4 and 8, presenting a challenge to new U.S. PresidentBarack Obama and allies who see it as a disguised missile test.
"Under our law, we can intercept any object if it is falling toward Japan, including any attacks on Japan, for our safety," Chief Cabinet Secretary Takeo Kawamura told a news conference.More
China says to boost defense spending in 2009
BEIJING (AP) - China announced plans Wednesday to boost military spending by 14.9 percent this year, but noted that much of it was for salaries and said there was no need for other countries to be fearful.
National People's Congress spokesman Li Zhaoxing described the increase as "modest" in a news conference to announce the agenda for China's annual legislature, which opens Thursday.
Li said the said the increase would not pose a threat to any country, and that much of it would go to salaries and benefits for China's 2.3 million-strong military force, the world's largest.More
National People's Congress spokesman Li Zhaoxing described the increase as "modest" in a news conference to announce the agenda for China's annual legislature, which opens Thursday.
Li said the said the increase would not pose a threat to any country, and that much of it would go to salaries and benefits for China's 2.3 million-strong military force, the world's largest.More
Iran's leader says Obama following Bush's path
TEHRAN, Iran (AP) - Iran's supreme leader on Wednesday criticized what he called President Barack Obama's "unconditional" support for Israel, saying he was following the same mistaken policies as the Bush administration.
The comments from Ayatollah Ali Khamenei, who has final say on all state matters, underscored the difficulties Obama faces as he seeks to improve relations with Iran given the deep disagreements on both sides on issues like Israel and Iran's nuclear program.
Khamenei said Obama spoke of change during his campaign but supported Israel's devastating three-week offensive against the Gaza Strip earlier this year that killed some 1,300 Palestinians.
More
The comments from Ayatollah Ali Khamenei, who has final say on all state matters, underscored the difficulties Obama faces as he seeks to improve relations with Iran given the deep disagreements on both sides on issues like Israel and Iran's nuclear program.
Khamenei said Obama spoke of change during his campaign but supported Israel's devastating three-week offensive against the Gaza Strip earlier this year that killed some 1,300 Palestinians.
More
'Israel seriously considering Iran military op'
Israel is seriously considering taking unilateral military action to stop Iran from acquiring nuclear weapons, according to a report by top US political figures and experts released Wednesday. The report also says Israel's time frame for action is growing shorter, not only because of Iranian advances, but because Teheran might soon acquire upgraded air defenses and disperse its nuclear program to additional locations.
The report, "Preventing a Cascade of Instability," was put out by the Washington Institute for Near East Policy (WINEP). It also argues that international sanctions against Iran need to be intensified urgently for the engagement the Obama administration is planning with Teheran to be effective. More
The report, "Preventing a Cascade of Instability," was put out by the Washington Institute for Near East Policy (WINEP). It also argues that international sanctions against Iran need to be intensified urgently for the engagement the Obama administration is planning with Teheran to be effective. More
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