The untold story of India’s floods


Stranded people make their way through flood waters in Bihar.
REUTERS/ Krishna Murari Kishan

The humanitarian needs created by the worst floods in the eastern Indian state of Bihar for 50 years are outstripping government and agencies’ ability to cope, aid workers say.

A week ago, the Kosi river in neighbouring Nepal burst its banks and forged a new course through Bihar, submerging hundreds of villages in the five districts of Supaul, Madhepura, Sharsa, Madhubani and Bhagalpur. According to the latest estimates, over 2 million people have been displaced and a quarter of a million homes have been destroyed.

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South Ossetia will join ‘one united Russian state’


Russian soldiers adjust a Russian flag in the South Ossetian city of Tskhinvali (AFP)

The Kremlin moved swiftly to tighten its grip on Georgia’s breakaway regions yesterday as South Ossetia announced that it would soon become part of Russia, which will open military bases in the province under an agreement to be signed on Tuesday.

Tarzan Kokoity, the province’s Deputy Speaker of parliament, announced that South Ossetia would be absorbed into Russia soon so that its people could live in “one united Russian state” with their ethnic kin in North Ossetia.

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De Telegraaf: “Attack on Iran expected”

AMSTERDAM – The Dutch intelligence agency AIVD has conducted an ultrasecret operation in Iran with the purpose of infiltrating and sabotaging the weapons industry in the islamic republic.

The operation, deemed extremely succesfull, has recently been cancelled because of an imminent aerial attack on Iran. Targets include sites that are connected to the Dutch spying.
(….)
One of the involved agents, that has infiltrated the Iranian industry under supervision of the AIVD, has been called back recently because the US has made the decision to attack Iran with unarmed aircrafts within weeks. Potential targets include not only nuclear facilities, but also military installations that have been mapped by the AIVD. Information from the AIVD-operation has been shared with the American Intelligence Agency CIA, according to sources.

Source: Daily Kos

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Original article: De Telegraaf

AIVD haalt spion terug wegens plan VS

Aanval op Iran verwacht


De Iraanse president Ahmadinejad.

AMSTERDAM – De Nederlandse inlichtingendienst AIVD heeft de afgelopen jaren een ultrageheime operatie laten uitvoeren in Iran met als doel infiltratie en sabotage van de wapenindustrie in de islamitische republiek.

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LARRY SINCLAIR vs. BARACK OBAMA: DELAWARE CHARGES DISMISSED

By Larry Sinclair

Ladies and Gentlemen:

I will not be traveling to Delaware, I will not be going to trial in Delaware and I have not plead guilty to any crimes in Delaware.

I was arrested in Washington, DC on June 18, 2008 by DC Police without ever being shown any warrant of any kind. DC Superior Court, Magistrate Judge A. Melendez, in cooperation with the office of US Attorney Jeff Taylor, ordered me held without ever producing any warrant, denied me medical access to prescribed medication, phone access to counsel and more.

On June 23, 2008 I was turned over to the custody of the Delaware Attorney Generals Office and driven to Wilmington, Delaware with no ID, no wallet (which the DC Police refused to allow me to carry with me upon my arrest on 6-18-08), where I was released on PR Bond. I was forced to remain in Delaware until July 4, 2008 to appear at a 7-03-08 arraignment, paid $10,500 in Attorney fees, forced to return to Delaware for a hearing on 8-11-08 (travel expenses), been accused by the Delaware Attorney General’s office of sending their employee’s threatening and disrespectful emails (completely untrue), and have been smeared by the Delaware News-Journal with completely false claims, with the same done by Politico.com’s Ben Smith; HuffingtonPost.com; The New Republic; and more.

All of this by the way in the name of Barack H. Obama and Joseph R. Biden III.

Read moreLARRY SINCLAIR vs. BARACK OBAMA: DELAWARE CHARGES DISMISSED

Ron Paul: McCain, Obama ‘no difference’


Ron Paul

Congressman Ron Paul says there is ‘no difference’ between US presidential candidates, Democrat Barack Obama and Republican John McCain.

“Their foreign policies are identical,” the Texas congressman said in an interview with CNN on Thursday. “There’s no difference.”

“They want more troops in Afghanistan. They want to send more support to Georgia to protect the oil line there. Neither one says bring home the troops from Iraq from the bases — you know the bases are going to stay there, the embassy as big as the Vatican, that’s going to remain. So their foreign policies are exactly the same,” he added.

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FDIC Will Need Half A Trillon Dollars, Says Analyst

The Federal Deposit Insurance Corp.’s (FDIC) list of troubled banks has increased by 30 percent this quarter, and this jump is causing the FDIC and the banking community to prepare for tomorrow’s problems today.

The FDIC may have to borrow money from the Treasury Department to handle an expected wave of bank failures coming down the road, according to the Wall Street Journal.

It would not be surprising if this were to occur, according to Chris Whalen, managing director of Institutional Risk Analytics. In an interview with CNBC, Whalen said the FDIC needs a backstop.

“They need about a half a trillion dollars in borrowing authority, and they need a vehicle to own these banks while we triage them and sell them.”

Read moreFDIC Will Need Half A Trillon Dollars, Says Analyst

Wall Street Journal: New credit hurdle looms for banks

U.S. and European banks, already burdened by losses and concerns about their financial health, face a new challenge: paying off hundreds of billions of dollars of debt coming due.

At issue are so-called floating-rate notes – securities used heavily by banks in 2006 to borrow money. A big chunk of those notes, which typically mature in two years, will come due over the next year or so, at a time when banks are struggling to raise fresh funds. That’s forcing banks to sell assets, compete heavily for deposits and issue expensive new debt.

The crunch will begin next month, when some $95 billion in floating-rate notes mature. J.P. Morgan Chase & Co. analyst Alex Roever estimates that financial institutions will have to pay off at least $787 billion in floating-rate notes and other medium-term obligations before the end of 2009. That’s about 43 percent more than they had to redeem in the previous 16 months.

The problem highlights how the pain of the credit crunch, now entering its second year, won’t end soon for banks or the broader economy. The Federal Deposit Insurance Corp. said on Tuesday that its list of “problem” banks at risk of failure had grown to 117 at the end of June, up from 90 at the end of March. FDIC Chairman Sheila Bair said her agency might have to borrow money from the Treasury Department to see it through an expected wave of bank failures. She said the borrowing could be needed to handle short-term cash-flow pressure brought on by reimbursements to depositors after bank failures.

Read moreWall Street Journal: New credit hurdle looms for banks