Global News (01/25/09)

Here comes ‘terrible’ (CNN Money):
The week ahead: Investors gear up for a deluge of weak earnings and the biggest plunge in GDP in 26 years.

Report: IBM quietly lays off North American staff (CNET News)

GM, Ford, Chrysler Lost About 988 Auto Dealers During 2008 (Bloomberg)

Cities, towns expect to fire thousands (Boston Globe)

Downturn Accelerates As It Circles The Globe (Washington Post):
The world economy is deteriorating more quickly than leading economists predicted only weeks ago…

Obama’s team turn to EU bank for inspiration (Independent)

Obama Sides With Bush in Spy Case (Wired):
The Obama administration fell in line with the Bush administration Thursday when it urged a federal judge to set aside a ruling in a closely watched spy case weighing whether a U.S. president may bypass Congress and establish a program of eavesdropping on Americans without warrants. (More change!)

Pakistan Urges Obama to Halt Drones (ABC News)

Afghan President Condemns US Raid He Says Killed 16 Civilians (Voice of America)

Obama’s partisan, profane confidant reins it in (IHT):

Official: £40000 loss for every taxpayer (Guardian):
Latest City figures reveal that the plummeting stock market and plunging house prices have wiped out £1.2 trillion of Britain’s national wealth

Fed up companies plan to launch their own lender (Independent):
City law firm Taylor Wessing is believed to be working on a plan to create a bank backed by six leading UK listed corporates disenchanted with the failing lending institutions in the Square Mile.

Inquests into Troubles deaths to be kept secret (Guardian):
Under new laws, key parts of inquests into the deaths of people killed by British security forces in Northern Ireland during the Troubles will be held in secret, without the scrutiny of juries.

Bank of England goes for broke with asset buying (Telegraph)

Corus to axe 3500 jobs as crash hits steelmakers (Times Online):
BRITAIN’s largest steelmaker, Corus, is poised to cut up to 3,500 jobs this week in one of the biggest blows yet to the faltering manufacturing sector.

GKN to offer ‘token dividend’ as it slashes workforce by thousands (Telegraph):
GKN, the British car and aircraft parts maker, is expected to announce this week that it has cut several thousand jobs, with more to cuts to come, as the deepening recession inflicts further pain on the manufacturing industry.

IMF set to slash global growth forecast (Financial Times)

Third Bank Is Seized This Year (New York Times)

State lawmakers bet gambling can help with budgets (AP)

Economy in U.S. Probably Contracted Most Since 1982 as Spending Collapsed (Bloomberg)

Home Price Declines Compound US Economic Decline (VOA)

Flood of foreclosures: It’s worse than you think (CNN Money):
Banks are moving slowly to list repossessed homes for sale, which could mean that housing inventory is even more bloated than current statistics indicate.

Madoff’s UK investors set to sue (Times Online)

A shameful war: Israel in the dock over assault on Gaza (Independent)

Iran vows to pay for Gaza aid as children return to UN schools (Telegraph)

Tunnel vision sees Gazans dig for victory (Scotland on Sunday)

China Reports 6th Case of Bird Flu This Year (Voice of America)

Car dealers try to survive as economy, sales drop (AP)

Chocolate prices set for further increases (Financial Times)

12 Die in Storms in Western Europe (New York Times)

Global News (01/ 24/ 09)

The Fed: Life after zero (CNN Money):
NEW YORK (CNNMoney.com) — The Federal Reserve has a two-day meeting next week to discuss what to do with interest rates. That’s two days more than the central bank needs.

False Fears of Deflation in Dangerous Inflationary Waters
(American Institute for Economic Research)

Tim Geithner: Too Close to Goldman Sachs to Be Treasury Secretary, Critic Says (Yahoo Finance)

China Rejects Currency Manipulation Charge (New York Times)

China denounces US currency accusation (Reuters)

Obama Signals Tough Restrictions on Banks in Rescue Package (Bloomberg)

McCain Now Obama’s No. 1 Senate Ally (NewsMax):
GOP Sen. John McCain is positioning himself to be one of President Barack Obama’s strongest supporters, effectively giving Democrats the votes they need to override any GOP attempt to block the new administration’s legislative agenda.

Intelligence Agencies’ Databases Set to Be Linked (Wall Street Journal)

California jobless rate jumps to 9.3 percent (Reuters)

‘Stealth tax’ on recession victims (Independent)

Lights go out across Britain as recession hits home (Guardian)

Minister unleashes savage attack on ‘masters of the Universe’ over recesssion (Daily Mail)

City Minister Lord Myners attacks bankers for greed and arrogance (Times Online)

Venture Capital Fell 33% Last Quarter to Lowest Level Since ’05 (Bloomberg):
Jan. 24 (Bloomberg) — Venture-capital investment dropped 33 percent in the fourth quarter of 2008, hammered by a recession that drove software deals to their lowest levels in a decade and cut access to capital for alternative energy firms. Total investment in startup companies fell to $5.4 billion, the lowest total since early 2005,

Schlumberger sheds 5,000 after oil price fall (Financial Times):
Schlumberger, the world’s biggest oil services company, on Friday said it would reduce its staff by 5,000 worldwide as it reported a 17 per cent drop in fourth-quarter earnings following the collapse of oil prices.

Bank of America holders sue over Merrill purchase (BusinessWeek)

Pressure builds on BofA’s Lewis (Financial Times)

Taro Aso gives Japanese £100 each to spend way out of recession (Times Online):
The move, which he has described as “the best economic measure of all”, involves a handout of at least 12,000 yen (£100) to every citizen over the age of 18. The prospect of the windfall has unleashed a national wave of speculation about how the money might best be spent, and the eccentric world of Japanese retail is pushing hard to attract the cash. (What can you say???)

Big Inflation Coming (Gold Seek)

US allows use of embryonic stem cells (Financial Times)

FDA approves human embryonic stem cell study (CNN)

Frogs are being ‘eaten to extinction’ with one billion taken from wild each year (Daily Mail)

Global Economic Crisis Accelerating

“We can have confidence in the long term foundation of our economy. And I believe we will come through this challenge stronger than ever before.”
– George W. Bush (15 July 2008)

More than half Americans say they are ‘struggling’: poll (AFP)

Solbes Says Spain Faces Deepest Recession in 50 Years (Bloomberg)

California to delay some payments (LA Times)

GE Capital May Cut as Many as 11000 Jobs This Year (Bloomberg)

Two US banks fail, first casualties in 2009 (Reuters)

21000 Jobs Worldwide Erased in Day as Recession Chokes Demand (Bloomberg)

£200bn to save banks from bad debt (Telegraph):
The taxpayer will be forced to underwrite up to £200 billion of bad banking debt under a government plan to take control of assets belonging to Britain’s major high street lenders, The Daily Telegraph can disclose.

Honda halts production for another two months as car misery continues (Telegraph)

Latvia Is Shaken by Riots Over Its Weak Economy (New York Times)

Barclays loses billions off its share value (Times Online)

Dubai Skyscraper Delayed Amid Cutbacks, Layoffs (Wall Street Journal):
DUBAI — Construction of a one-kilometer-tall tower slated to be the world’s tallest has been delayed by its government-owned developer, in a sign of how a city that seemed to have limitless resources and ambition now is struggling to avoid a hard crash.

British Tax Haven’s Safety, Secrecy Face Brown, Obama Challenge (Bloomberg)

Ireland Is In Trouble (George Washington’s Blog)

ConocoPhillips to Eliminate About 1300 Jobs, Cut Capital Spending (Wall Street Journal)

World Demand Collapse, Bonds Next (Gold-Eagle)

The Fed’s Bubble Trouble Will Cause Rates to Spike and Spawn Hyperinflation (Money Morning)

Exclusive Interview with Jim Rogers: Inflation Is Coming (Seeking Alpha)

Peter Schiff – Credit Where Credit is Due (Motley Fool)

Jim Rogers: US creditor nations to shun Treasuries (Reuters):
“If I were the Chinese, I wouldn’t buy another single U.S. government bond,” said Rogers, who was speaking by teleconference in an interview with Reuters. “I can’t imagine anybody is going to give the U.S. government money for 30 years at 2.5 percent or even 4 percent or 4.5 percent. It’s mind boggling to me.”

Retailers who have filed for bankruptcy protection (AP)

Reviving the world’s burst-bubble economy seems further away than ever (Telegraph)

Bank crisis reignites as US giants post massive losses (Independent)

Monetary union has left half of Europe trapped in depression (Telegraph)

The Recession crimewave (Independent)

Global Economic Crisis Accelerating

Bernanke tells Obama $775bn fiscal package is not enough (Independent)

Ruble Devalued to Six-Year Low as Gas Dispute Deters Investors (Bloomberg)

UK trade deficit balloons to a record (Telegraph)

Treasury mulls bad bank for toxic debt (Telegraph)

Greece’s Sovereign Credit Rating Cut to A- by S&P (Bloomberg)

Shipping rates hit zero as trade sinks (Telegraph)

Ohio Forced To Borrow Federal Money For Unemployment (NBC4i):
COLUMBUS, Ohio—It’s a sign of the times: The state of Ohio’s unemployment fund has run out of money and how Ohio has been forced to borrow from the federal government to keep paying out benefits.

LA board OKs layoff plan for nearly 2,300 teachers (AP)

Thousands of UK jobs go in bleak day for economy (Telegraph):
In a dark day for the UK economy, more than 3,500 jobs were cut or placed in immediate jeopardy yesterday, overshadowing attempts by the Government to reduce unemployment.

U.S. Economy: Retail Sales Decline for a Record Sixth Month (Bloomberg)

China’s authorities are running scared (Telegraph)

Financial Crisis Hits Home-Loan Banks (Wall Street Journal)

Toyota, Facing Crisis, Turns to Founding Family Scion (Bloomberg)

Nortel Files for Bankruptcy, Victim of Falling Sales (Bloomberg):
Jan. 14 (Bloomberg) — Nortel Networks Corp., North America’s biggest maker of telephone equipment, filed for bankruptcy protection in the U.S., a victim of the global credit crunch and declining sales.

Ukraine blocks gas after Russia turns taps on (Telegraph)

Results: California companies planning layoffs !!! (San Jose Mercury News):
California’s WARN law requires certain companies with more than 75 employees to provide 60 days advance notice of a plant closing or mass layoff involving 50 or more employees.

Northern Rock investors tell court they were cheated (Guardian):
Former shareholders in Northern Rock yesterday accused the government of cheating them of compensation when the bank was nationalised last year.
In the high court, lawyers representing the two largest shareholders argued that the government had unfairly rigged an independent valuation of the bank to ensure investors would end up with next to nothing.

Saudis cut oil output beyond Opec limit (Financial Times)

UK economy downturn ‘frightening’ (BBC NEWS)

Study: Grape Seed Extract Kills 76% Of Leukemia Cancer Cells In 24 Hours

Grapeseed Extract Kills 76% Of Leukemia Cancer Cells In 24 Hours (Natural News, Jan. 06, 2009):

A new study conducted at the University of Kentucky in the United States, and published in the journal Clinical Cancer Research, found that leukemia cancer cells exposed to grapeseed extract (GSE) were rapidly killed through a process of cell suicide known as “apoptosis.”

In these laboratory studies, an astonishing 76% of leukemia cells committed suicide within 24 hours thanks to the ability of GSE to activate a protein called JNK, which regulates apoptosis.

Read moreStudy: Grape Seed Extract Kills 76% Of Leukemia Cancer Cells In 24 Hours

The Incredible Benefits of Coconut Oil: Weight Loss – Kills Candida, Harmful Bacteria and Viruses (Incl. HIV) – Boosts Immunity – Healthy Skin

(NaturalNews) Research indicates, animal fats have long chain saturated fat, while coconut oil contains healthy, healing, medium chain triglycerides (MCTs). This saturated fat is considered a rare and important building block of every cell in the human body, and can actually reduce cholesterol and heart disease.

This incredible food boosts immunity, kills bacteria and viruses, protects against cancer and other degenerative diseases, and prevents osteoporosis by promoting calcium absorption. It also slows down ageing and is good for skin radiance.

Weight Loss from Coconut Oil/Butter

American farmers attempted to plump up their cattle by feeding them coconut oil. Instead of gaining weight, their cows lost weight!

This is because:

1. The long-chain fats nearly always go to fat storage, while the MCFAs (medium chain fatty acids) are burned for energy… which is why you feel great after eating this coconut super food.

2. Coconut oil helps to stimulate the metabolism, so you burn more calories each day, which helps with weight loss and energy levels.

Coconut Oil/Butter is Packed with Lauric Acid

Coconut oil, like human breast milk, is rich in lauric acid, which boosts immunity and destroys harmful bacteria and viruses. In fact, coconut oil is one of the closest foods on the planet to breast milk.

Scientists in the Philippines researched the effects of coconut oil and lauric acid on patients with the HIV virus that causes Aids. The results were amazing. Most of the Aids patients showed a dramatic drop in the HIV virus count, in some cases to “undetectable” levels. While there needs to be a lot more research, there is certainly evidence to suggest that people with this virus would benefit from having a diet rich in coconut.

Read moreThe Incredible Benefits of Coconut Oil: Weight Loss – Kills Candida, Harmful Bacteria and Viruses (Incl. HIV) – Boosts Immunity – Healthy Skin

Terrorism adviser to Met police is on wanted list

Interpol notice urges arrest of Islam TV chief


Mohamed Ali Harrath

A man wanted by Interpol for his links to an alleged terrorist organisation has been advising Scotland Yard on countering Muslim extremism, a Times investigation has discovered.

Mohamed Ali Harrath has been the subject of the Interpol red notice since 1992 because of his alleged activities in Tunisia, where he co-founded the Tunisian Islamic Front (FIT).

Tunisia has accused Mr Harrath, the chief executive officer of the Islam Channel in Britain and an adviser to the Scotland Yard Muslim Contact Unit, of seeking help from Osama bin Laden. It says that the FIT wants to establish “an Islamic state by means of armed revolutionary violence”.

Mr Harrath has been convicted in absentia of numerous criminal and terrorism-related offences by Tunisian courts and sentenced to 56 years in prison. Tunisia is an ally of the West in the fight against terrorism but is regarded by critics as a police or one-party state. Its secular Government regards those who advocate an Islamic state as a threat to its stability.

Read moreTerrorism adviser to Met police is on wanted list

Dead In The Water – The Sinking of the USS Liberty

During the Six-Day War, Israel attacked and nearly sank the USS Liberty belonging to its closest ally, the USA.

Thirty-four American servicemen were killed in the two-hour assault by Israeli warplanes and torpedo boats. Israel claimed that the whole affair had been a tragic accident based on mistaken identification of the ship.

The American government accepted the explanation. For more than 30 years many people have disbelieved the official explanation but have been unable to rebut it convincingly.

Now, Dead in the Water uses startling new evidence to reveal the truth behind the seemingly inexplicable attack. The film combines dramatic reconstruction of the events, with new access to former officers in the US and Israeli armed forces and intelligence services who have decided to give their own version of events.

Interviews include President Lyndon Johnson’s Secretary of Defence Robert McNamara, former head of the Israeli navy Admiral Shlomo Errell and members of the USS Liberty crew.


Source: Google Video