Wednesday

The Daily WAR (#01-21)

 
 
To be prophets in today's world, women religious must cultivate an intimate friendship with God, Benedict XVI said in an audience with a group of superiors-general of women's religious congregations.
 
Evangelization is the answer to Europe's greatest problems, according to a message from the special council of the Synod of Bishops for Europe. "The challenges of the current moment should encourage all the living forces of the Church to renew the impetus of evangelization on the European continent, which is showing signs of some weariness but also of revival."
 
Whorology 101
Diplomats of Muslim countries in the Mediterranean and the Middle East are taking a course on the Catholic Church and the Holy See's international politics.
 
Dog returns to his vomit...
The turn of events has also underscored doctrinal divides between theologically conservative Catholics and Protestants, who agree on the primacy and inerrancy of the Bible but not on other key issues. He also said his reading and reflection led him to understand that much of what he took for granted as a Protestant – including the doctrines of the trinity and incarnation – came out of the early church.
[WAR: The triniy and incarnation go hand-in-hand - you can't believe one without the other. So if you believe in the so-called incarnation, then ya better stop and "examine [for] (your)self" the truth of this doctrine - "recognizing the body of Yahshua" and not "eating and drinking judgment on (your)self."]
 
 
 
The largest financial institution in Germany, Deutsche Bank, has announced millions more in profits than analysts predicted - thanks to its investment-banking sector. Its CEO promises to go on making new acquisitions.
 
German exports unexpectedly declined in March as the euro's gain made them more expensive, eroding international competitiveness. The euro's appreciation to a record against the dollar and a slowdown in the US may be starting to take their toll on German exports.
 
 
 
Do not try to hide it. The election of Nicolas Sarkozy is a disaster for France and Europe.
 
The US government has proposed to make Vicenza, Italy, the largest US military site in Europe, but the people of Vicenza, and all of Italy, have sworn it will never happen.
 
 
 
Former Israeli Prime Minister Ehud Barak, a leading candidate to become the next leader of the Labor Party, said he would seek early elections if Prime Minister Ehud Olmert doesn't step down as a result of criticism over his handling of the Lebanon war.
 
A militant Islamic group in Iraq recently issued a fatwa, or religious edict, to the Assyrian Christian residents of the Baghdad suburb of Dora: Convert to Islam within 24 hours, or face death. Assyrian Christians, the indigenous people of Iraq, the inheritors of the ancient Mesopotamian civilization and the world's earliest converts to Christianity, are at risk of being completely eradicated from their homeland.
 
Western countries looking for ways to pressure Sudan to curb violence in Darfur are getting little support from the Khartoum regime's Arab neighbors.
 
The conflict in Darfur is approaching a "moment of truth" requiring Sudan and rebel groups to open peace talks, a senior UN official said yesterday.
 
Russia and China have broken a UN arms embargo by supplying Sudan with attack helicopters, bombers and other weapons in the knowledge that they are being use against civilians in Darfur, Amnesty International said yesterday.
 
Russia and China are trying to counter EU efforts to secure fresh energy supplies in Central Asia, the EU's top regional envoy has warned - with analysts worried Turkey could also start competing with European interests if its EU accession hopes fade.
 
A Chinese Foreign Ministry spokeswoman has accused the US of trying to meddle in developing countries under the pretext of religion. "The United States' action violates the basic rules of international relations, and constitutes a rude intervention in the internal affairs of another country."
 
 
 
Iran's Deputy Foreign Minister has offered the US Tehran's cooperation in developing a US exit strategy from Iraq. "(The US-led) invasion was a disaster - let there not be a disastrous withdrawal. Yes, immediate withdrawal could lead to chaos, civil war. No one is asking for immediate withdrawal of foreign forces. But there should be a plan."
 
Iran on Tuesday accepted a compromise for the agenda of a global meeting on how to fix the troubled nuclear Non-Proliferation Treaty, averting a collapse of the session after a week of deadlock. 
 
 
 
Listening to President Bush's petulant tones lambasting Congress for questioning his war, I had a feeling that what we are seeing in Washington has been going on for close to a thousand years in the political tradition in which America was formed. Rulers reach for more and more power until their parliaments and barons think things have gone far enough and begin clipping regal wings.
 
 
 
Germany said Tuesday that it would introduce a law to regulate private equity firms and hedge funds, even as it becomes increasingly isolated in efforts to win international support for reining in the booming industry. The Finance Ministry said that it hoped to come forward with a proposal by the end of May that would force investors who build up a stake of 10% in a German company to make their intentions clear. It hopes to make it law next year.
 
The New York Federal Reserve Bank released a report about hedge funds on May 2, which warned sharply against "concentrations of risk" matching the situation in 1998 before the big LTCM hedge fund blew up, nearly taking down the international monetary system with it.
 
The historical pattern of a 10-year rhythm of cyclical financial crises looms as a menacing storm cloud over the financial markets. A looming debt-driven financial crisis threatens to put an end to the decade-long liquidity boom that has been generated by the circular flow of trade deficits back into capital-account surpluses through the conduit of US dollar hegemony. There are ominous signs that such a point is now again imminent, in fact overdue, in globalized markets around the world.
 
What is going on? What is so much nice money doing in a place like this? Here at the Daily Reckoning headquarters, we continue to give out dire warnings. And yes, our Crash Alert flag still flutters.
 
The Chinese stock market defied the Chinese Central Bank's warning about the danger of an asset bubble. But something interesting is cooking behind the scene. The communist leadership cannot tolerate the asset bubble that happened in western countries. They are concerned about credit driven artificial asset bubbles.
 
The men and motives behind the World Bank coup attempt.
 
 
 
The Book of Acts is one of the most profound books of the New Testament — indeed, the entire Bible! Yet it abruptly breaks off in the middle of the story. Why? At last, the missing conclusion of the book of Acts is now revealed as never before. At last, we now have the final conclusion to the story of the 1st century apostles that makes sense!
The evidence was there all the time. But before that story could be told, there were many obstacles in the way of a clear picture. One was a proper understanding of New Testament chronology. The true story could never be told with the false chronologies that exist in Bible dictionaries today. The reader of Beyond Acts will finally be treated to the correct dating of New Testament events, which, in itself is a ground breaking revelation that can be found nowhere else.
[From ad in Biblical Archaeological Review: Many of the OT books in the Masoretic text curiously end with the words "be bound." Isaiah prophesied: "BIND UP the testimony, seal the Law AMONG MY DISCIPLES" (Isa 8:14). When Yahshua told Peter that whatsoever he would bind on Earth would be bound in Heaven, he was in fact conferring on Peter the authority to fulfill Isaiah's prophecy. In 2 Peter 3:15,16, is testimony that Peter had already bound "all" of Paul's letters as "Scripture."]
 
Today in Scripture
* "Moses stretched out his hand over the sea, and at daybreak the sea went back to its place. ... That day YHWH saved Israel from the hands of the Egyptians..." (Exo 14:27,30)
* "In the 1st month you are to eat bread made without yeast, from the evening of the 14th day until the evening of the 21st day. (Exo 12:18)
* "For 7 days eat bread made without yeast and on the 7th day (21st) hold a festival to YHWH." (Exo 13:6 / Lev 23:8)
 
 
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