Looking for His glorious appearing! Titus 2:13

Ya'alon: Iran heading for a revolution
Jun 20th, 2009
Daily NewsJpost
Categories: Today's Headlines;Warning

Strategic Affairs Minister Moshe Ya'alon believes Iran is heading for a revolution but doesn't think it will have any effect on the country's nuclear program.

"Since I was head of Military Intelligence, I have said, and I say it again now, that some 70 percent of Iranians are opposed to the ayatollah regime," Ya'alon said at a 'Shabbatarbut' event in Modi'in on Saturday. "[Opposition leader Mir Hossein] Mousavi and his wife have brought a new spirit of openness, and so I repeat - there will be a revolution in Iran."

"It's impossible to hide the energy there now, and the Iranian regime is going to have to take that into consideration," he continued. "It makes no difference regarding the nuclear issue, but this regime will fall."

However, he called the current turmoil in the Islamic republic "a very encouraging sign for the West," vis-à-vis the wider regional outlook, saying that essentially, it was a "confrontation between Jihadists and the West."

The strategic affairs minister went on to express pessimism regarding Israeli-Palestinian negotiations.

"Since the dawn of Zionism, there has never been a Palestinian leadership prepared to recognize the Jewish right to a homeland," he said. "We can hold negotiations, but I call upon Abu Mazen [Palestinian Authority President Mahmoud Abbas] to prove that he's capable of governing over the Palestinians from the bottom up."

World hunger 'hits one billion'
Jun 20th, 2009
Daily NewsBBC News
Categories: Today's Headlines;Warning

One billion people throughout the world suffer from hunger, a figure which has increased by 100 million because of the global financial crisis, says the UN.

The UN's Food and Agriculture Organisation (FAO) said the figure was a record high.

Persistently high food prices have also contributed to the hunger crisis.

The director general of the FAO said the level of hunger, one-sixth of the world's population, posed a "serious risk" to world peace and security.

The UN said almost all of the world's undernourished live in developing countries, with the most, some 642 million people, living in the Asia-Pacific region.

In sub-Saharan Africa, the next worst-hit region, the figure stands at 265 million.

Just 15 million people are left hungry in the developed world.

"The silent hunger crisis - affecting one-sixth of all of humanity - poses a serious risk for world peace and security," said Jacques Diouf.

"We urgently need to forge a broad consensus on the total and rapid eradication of hunger in the world and to take the necessary actions."

To fight deflation, abolish cash. Could Japan make reality of ‘science fiction’?
Jun 20th, 2009
Daily NewsTimesonline - Leo Lewis Asia Business Correspondent
Categories: Today's Headlines;World Government

With recovery elusive, a population doddering into old age and perhaps a decade of deflation in prospect, Japan may start mulling the most radical monetary policy of all — the abolition of cash.

Unorthodox, untried and, said one Bank of Tokyo Mitsubishi strategist, “in the realms of economic science fiction”, the recommendation has nevertheless begun floating around Tokyo’s corridors of power and economists have described Japan as particularly suitable as a testing ground.

The search for more outré economic policies continues, despite the recent surge in the Nikkei 225 index.The market may be reflecting soaring Chinese investment, rising consumer confidence and other cheerful data but economists see few long-term beacons of hope for Japan.

Other extreme ideas mooted by the financial authorities include a tax on physical currency or introducing one to operate alongside the yen.

All three ideas are based on a theory concerning interest rates and the concept that a nominal rate of zero — as Japan has now lived with for much of the past decade — may be too high. In Japan’s case, the theory would suggest that nominal rates of -4 per cent might be closer to what is required to rescue the economy from another deflationary spiral. Having agreed that this might be necessary, the next question is how it could be imposed.

Several MPs in the ruling Liberal Democratic Party believe the abolition of cash, though politically radioactive, might be technically feasible. Richard Jerram, a senior economist with Macquarie bank, told investors that “the proposal has become practical with the broad penetration of electronic money and credit cards in Japan”.

He said that all the proposals were radical but worth consideration for Japan. Without physical cash, a central bank can set rates exactly where it likes, runs the argument. Mr Jerram said: “At the heart of the problem of achieving negative nominal interest rates is the idea that physical currency is an anonymous bearer bond with a nominal interest rate of zero.” While a central bank can impose positive or negative rates on non-physical assets, transmitting those rates to physical currency is a huge challenge. By permanently removing cash from a system, he added, policymakers are robbed of the excuse that zero is the lowest that nominal rates can go as a deflation-fighting tool.

In theory, many Japanese could easily make the leap into a cashless world. The country has six main competing cashless payment systems, many of them embedded into mobile phones. Including Oyster-type cards issued by public transport companies, industry sources estimate that there are about 120 million cashless payment chips sitting in Japan’s wallets and handbags, waiting to be swiped.

EU agrees Irish treaty compromise
Jun 20th, 2009
Daily NewsBBC News
Categories: Today's Headlines;Revived Roman Empire

EU leaders have agreed a deal they hope will secure the Lisbon Treaty a "Yes" vote in a second Irish referendum.

Ireland won legally-binding assurances that Lisbon would not affect Irish policies on military neutrality, taxes and abortion, diplomats said.

French President Nicolas Sarkozy said leaders had agreed to Irish demands that the guarantees would be given the status of a treaty "protocol".

But he stressed it would not affect the other 26 member countries.

The leaders have also agreed in principle to a new framework of rules to oversee the EU's financial sector.

On Thursday they backed Jose Manuel Barroso for a new term as president of the European Commission.

Cash to become extinct as chips take off
Jun 20th, 2009
Daily NewsNews.com.au
Categories: Today's Headlines;World Government

CASH is accelerating down the path to extinction as new technologies threaten to mark the end of loose change within a decade.

Bank and credit union bosses say cash won't be alone, with wallets and credit cards also likely to disappear too.

They told The Advertiser's round table forum that cash and cards will be replaced by computer chips embedded in mobile phones, watches or other portable devices.

Australian Central chief executive Peter Evers believes cash will be replaced for most transactions in five-to-seven years.

"Cash will disappear as there will be other forms of carrying cash, stored value in your phone or whatever it might be. It will transfer automatically," he said.

We're very close in countries around the world. If you go in to Hong Kong or Singapore, the low-value transactions have already disappeared. You can't go anywhere, like on public transport, without pre-purchasing a card.

"I think the Australian Payment Systems Board is very much on top of it and is trying to move down a path, but hasn't publicly put things into place yet."

BankSA general manager strategy and operations Chris Ward expects Australia to follow the offshore lead, with small cash transactions disappearing first.

"So you can't go and buy a bottle of water from the deli with cash; you've got to go and buy it with your chip," he said.

Bendigo and Adelaide Bank state manager SA/NT John Oliver said it was easier for retailers to use electronic transactions than manual cash transactions.

Savings & Loans chief executive Greg Connor said the concept of the wallet would go.

"Whereas now we have a wallet and purse, it will be a chip in your phone or your watch or something like that as your access," he said.

Mr Evers said credit cards were on the way out as well.

"The access to credit is still going to be there through the mobile phone, but you don't need the card because that's really only a means of identification," he said.

Are You Being Watched?
Jun 20th, 2009
Daily Newswww.newsweek.com
Categories: One World Church;Warning

At first glance, there was nothing special about the blimp floating high above the cars and crowd at this year's Indy 500 on Memorial Day weekend. Like most airships, it acted as an advertising vehicle; this time for the Fisher House, a charity focused on helping injured veterans and their families. But the real promo should have been for the blimp's creator, Raytheon, the security company best known for its weapons systems. Hidden inside the 55-foot-long white balloon was a powerful surveillance camera adapted from the technology Raytheon provides the U.S. military. Essentially an unmanned drone, the blimp transmitted detailed images to the race's security officers and to Indiana police. "The airship is great because it doesn't have that Big Brother feel, or create feelings of invasiveness," says Lee Silvestre, vice president of mission innovation in Raytheon's Integrated Defense division. "But it's still a really powerful security tool."

Until recently, Raytheon's eye-in-the-sky technology was used in Afghanistan and Iraq to guard American military bases, working as airborne guards against any oncoming desert threat. Using infrared sensors and a map overlay not unlike Google Earth, the technology scans a large area, setting important landmarks (say, the perimeter of a military base), and constantly relays video clips back to a command center. If a gun fires or a bomb is detonated, the airships can detect the noise and focus the camera—all from a mighty-high 500 feet.

After the success of the Indy 500 trial, the company is targeting police departments and sporting facilities that want to keep an eye on crowds that might easily morph into an unruly mob. "Large municipalities could find many uses for this [technology] once we figure out how to get it in their hands," says Nathan Kennedy, the blimp's project manager.

For now, cost might be the only thing preventing a blimp from appearing over your head. Raytheon won't disclose how much the system may eventually cost, but chances are it won't be cheap. For municipalities without a Pentagon-size police budget, the blimps' potential to display ads may assist with financing. Raytheon says local authorities could install a built-in LED screen to attract sponsors, generate revenue and defer operating costs.

But what about privacy and civil-rights concerns? Raytheon argues that its technology is no different than what's already watching us on a daily basis: street cameras, cop cars, helicopters and foot patrols. "No new information is being picked up by the airships, necessarily," Silvestre says. "We're just incorporating lots of different feeds to provide a quick, complete picture; integration is the key here."