Sixty one Italian scientists  have signed a letter protesting against a planned visit this week by Pope  Benedict XVI to Rome's Sapienza University because of his stated views on  Galileo. In a letter to Renato Guarini, the university rector, the scientists  said the visit was "incongruous".
     The letter said scientists felt  "offended and humiliated" by a statement made in 1990 by the then Cardinal  Joseph Ratzinger as Prefect of the Congregation for the Doctrine of the Faith -  the modern descendant of the Inquisition - suggesting that the trial of Galileo  for heresy because of his support for the Copernican system was justified in the  context of the time. "At the time of Galileo the Church remained much more  faithful to reason than Galileo himself. The process against Galileo was  reasonable and just."
     Chancellor Merkel said there are  "no taboos" in the campaigns for 3 state elections in 2 months. "I think  we're of the same opinion that we have too much crime in Germany, that we have  too much crime among young people, and that we can't be relaxed about this. We  must have discussion about this; there can't be any taboo subjects in an  election campaign."
     Syria's Foreign Minister is  to visit Berlin at an unspecified date for talks on the Middle East peace  process, a German foreign ministry spokesman said Monday. The German government  wants to assess with Syria its readiness to make a constructive  contribution to the Middle East peace process.
 Deny God, but don't dare deny  Holocaustism...
      A German court on Monday jailed  the lawyer of a convicted Holocaust denier for calling the Nazis' WW2 slaughter  of European Jews "the biggest lie in world history." Judges in the western city  of Mannheim sentenced lawyer Sylvia Stolz to 3 1/2 years in prison on charges  that include inciting racial hatred, and barred her from practicing law for 5  years.
 Fannin' the flames...
      A candidate campaigning for the  Graz city council in Austria says it is time that Islam was "thrown back ...  behind the Mediterranean," and alleges Muhammad wrote the Koran in  "epileptic fits."
     FT Deutschland reports that the  French government plans a euro area summit either during the French presidency,  or before. A German government spokesman confirmed yesterday that Berlin was  open to this idea, as long as there is no attempt to challenge the independence  of the ECB.
     The world economy is continually  changing, but one constant is dissatisfaction with the euro. Toward the  beginning of the decade the main complaint was that the euro was too weak for  booming economies. Now the complaint is that it is too strong for  growth-challenged countries.
     Already in June 2005, following  2 years of euro appreciation, then Italian welfare minister Roberto Maroni  declared that "the euro has to go." Then-prime minister Silvio Berlusconi  followed by calling the euro "a disaster."
     So is the euro doomed? If  one country leaves the euro area by reintroducing its national currency, will  others follow? Will the entire enterprise collapse? [Yes, yes, yes!]
     The saying goes, "He who forgets  history is doomed to repeat it." The world stands poised and waiting for what  will be regarding Kosovo. Will we see another Munich, another Czechoslovakia,  another Sudetenland, another appeasement to criminals, another murderous, bloody  European war brought forth by despicable men selling a false sense of securing  peace?
     Serbia yesterday adopted an  "action plan" to be implemented if Kosovo declares independence. The plan is  believed to include the downgrading of diplomatic ties with Western states and  the economic blockade of the breakaway province. The government said the  measures were adopted at an urgent Cabinet meeting. The minister for Kosovo  said the plan was "top secret" and that no officials could provide any  details.
     Serbian Foreign Minster Vuk  Jeremic spoke with Spiegel about how his country is going to deal with any  declaration of independence by Kosovo, and explained that the upcoming  presidential elections are really a referendum on how much Serbia wants to be a  part of the EU
     Benjamin Netanyahu on Monday  urged Shas and Yisrael Beiteinu to leave the government in wake of the first  meeting between Foreign Minister Livni and Chief Palestinian negotiator Ahmed  Qureia over the core issues.
     "Until now, Olmert made tactical  concessions, but from today they are strategic and crucial to the future of  Israel. The first concession will be realized today, now that negotiations  over a permanent settlement have begun, and the cessation of terror has been  dropped as a preliminary requirement for entering negotiations. We know that  they will relinquish half of Jerusalem and that we will withdraw to the 1967  lines, leaving them indefensible."
     France and the UAE have signed  an agreement that allows France to establish a permanent military base in the  Persian Gulf region. The deal allows for the stationing of up to 500 permanent  military personnel in the UAE's largest emirate Abu Dhabi. Observers say the  move could signal Paris's determination to regain its influence in the oil-rich  region.
     Turkish warplanes have bombed  camps used by Kurdistan Workers Party guerrillas in northern Iraq, Turkish  television channels quoted Iraq officials as saying today.
     The US plan to send an  additional 3,200 Marines to troubled southern Afghanistan this spring reflects  the Pentagon's belief that if it can't bully its recalcitrant NATO allies into  sending more troops to the Afghan front, perhaps it can shame them into doing  so, US officials said. After more than 6 years of coalition warfare in  Afghanistan, NATO is a bundle of frayed nerves and tension over nearly every  aspect of the conflict. 
     Benazir Bhutto stated in  November that the Osama bin Laden had been killed. According to her,  he was killed by Ahmed Omar Saeed Sheikh  one of those convicted of  kidnapping and killing US journalist Daniel Pearl.
     Bhutto's interview to  Al-Jazeera received very little attention from the media. There was practically  no newspaper in the world who published the news on its front page. There  was no official who commented on the information. Not a word was said from the  CIA and the FBI. They did not even lift a finger to reject it. Absolute  silence.
     The Wall  Street Journal quotes the head of the nationalist Sindh Taraqi Passand  movement saying: "Bhutto was the last hope (for unity). Now this Pakistan must  be broken up." The theme of the article is that calls for unity are falling  on deaf ears, and one PPP veteran sums it up: "What we need is  separation."
     That suits  Bush administration officials fine, they're likely stoking it, and one thing is  clear: US forces are in the region to stay, and Washington under any  administration (Democrat or Republican) intends to dominate this vital part  of the world with its vast energy reserves.
     The strategy  appears similar to the divide and conquer one in Yugoslavia. There it worked,  but the Middle East and Central Asia aren't so simple. Stay tuned as events  will likely accelerate, the media will highlight them, and it looks like stepped  up conflict (and its fallout) is part of the plan.
     At a conference in the city of  Port Sudan, the head of Sudan's Popular Congress Party, Hassan  Al-Turabi, called yesterday to launch a popular revolution to topple  the government, saying, "The regime came to power by force, and it must be  removed by force." 
     The top commander of the US  Pacific Fleet raised concern over China's military build-up and urged Beijing to  clarify the intentions of its increasingly sophisticated armed forces. "China's  military is developing very impressively. We are concerned about the development  of long-range cruise and ballistic missiles, we are concerned about their  anti-satellite technology (and) we are concerned about area denial  weapons."
     All eyes are now on the report  of ElBaradei at the IAEA meeting in March. Tehran, naturally, is pinning high  hopes that the Iran nuclear file may become a routine affair involving a nuclear  Non-Proliferation Treaty member country. But the most important outcome of the  ElBaradei visit is perhaps its impact in molding regional opinion in the Middle  East and in the Persian Gulf region.
     It gives the decisive push to  the "pro-West" Arab regimes to turn their backs on Bush's desperate pleas to  join an anti-Iran coalition. Even for the most ardent "pro-West" Arab  regimes, there is a serious problem now in identifying with the US-Israeli  chorus.
     Equally, this "new thinking"  will have implications for the Palestine-Israel peace process, as well as the  situation in Lebanon and Iraq. Simply put, Tehran may be on the verge of  breaking through to mainstream Arab regional politics - a historic breakthrough.  
 Anglo-neocon stooge?...
      Chancellor Merkel said Tuesday  that Germany's stance toward Iran remains unchanged by a US intelligence  assessment that Iran halted its nuclear weapons program 5 years ago. It is too  early to say there is no threat, she argued. Merkel said last month's  report did not provide a signal to "give the all-clear and to say that Iran  is only engaged in activities that we can all find right."
     The recent, and escalating,  tension between Iran and the US in the narrow corridor of the Strait of Hormuz  has once again drawn attention to the strait's international maritime status,  and to the ramifications of this tension as a flashpoint in the Middle  East.
     Tension spiked markedly last  week when Iranian speedboats were involved in an "incident" with 3 US Navy  vessels, which claimed they were international waters. Yet there is no  "international water" in the Strait of Hormuz, straddled between the  territorial waters of Iran and Oman.
     The lesson of the incident  in the Persian Gulf, and the political hay that was made out of it by both  sides, is that as long as the US refuses to talk to Iran, the potential for  something very small turning into something that would be devastating to  both countries remains. President Bush still apparently dreams of confronting  Iran. Israel makes no secret of the fact that it would like Washington to act,  and Israel's wishes are seldom denied in Washington.
 (Also: US plays  "monkey politics")
 European press
      The mainstream Italian media are  reporting both the rigging of the New Hampshire primary for Hillary Clinton and  the official demands for a swift, accurate and impartial recount. In an analysis  of the hand-counted ballots, an influential Milanese newspaper reports  that all Democratic candidates except Clinton made gains when the New  Hampshire ballots were manually tabulated, while Clinton made inexplicably large  gains where ballots were tabulated by computerized scanners.
     According to the report, Ron  Paul should have finished 3rd in the Republican primary rather than 5th. Thus,  it would appear that both Barack Obama and Ron Paul were the primary targets of  vote-rigging operations in New Hampshire.
 (Also: New Hampshire  drama)
     Here is an event I have no  intention of honoring: American Religious History Week. OK, it's not official  yet. But it is spelled out as Resolution 888 in the bowels of a House committee,  sponsored by Republican Congressman Randy Forbes and backed by thirty-one other  Representatives.
     This is an insidious attempt by  the radical Christian right to rewrite American history, to turn the founding  fathers from deists into Christian fundamentalists, to proclaim us officially to  be a Christian nation. If you want to know why Mike Huckabee is dangerous, why  his brand of right-wing Christian populism is so frightening, you should read  this resolution.
     The Christian radicals  have broken free from the fetters of their corporate and neocon handlers.  They have unleashed a frightening populism that, in the event of an economic  meltdown or period of instability, could see the movement ride the wave of a  massive right-wing backlash.
     The US, with its claims of  exceptionalism, is usually thought of as free of historical analogies. But  comparisons with the fate of earlier empires are becoming more common. Of  course, America is not like imperial Germany. But there may be a lesson from  a country whose wartime rulers, quarrelling among themselves, inflicted  unimaginable harm on their people and to the world with their mendacious,  secretive and paranoid style. The consequences of their leadership became  manifest only later, as an aggrieved nation's people turned against each other  in their deep political and moral divisions and hatreds. It took a worse  catastrophe, a world-historical scourge, to teach these people a  lesson.
     The United States of America is  a political union of 50 states and a federal district, commonly considered to be  operating under the authority of the US Constitution that was first adopted in  1787. The Union known as the USA was a creation of the then-existing 13 states  of the Union.
     Lysander Spooner has provided  ironclad arguments that this Constitution is an invalid authority for Americans  of today. If that is so, and I believe it is, then no "legal" moves need to  be taken to dissolve the USA. It is already an entity that has no legal  authority. In this case, the Union does not legally exist.
     Why should the USA be dissolved?  Why should we get rid of our national (federal) government? Why should Americans  have something of a fresh start politically? The reasons for doing this are  voluminous. Dissolving the USA is becoming more and more an urgent and visible  matter.
 (Also: There is no American  creed)
     Wholesale inflation last year  shot up by the largest amount in 26 years while retailers suffered their  worst December shopping season in 5 years as mounting economic woes caused  consumers to put away their wallets.
     If this had been a mere subprime  crisis, it would now be over. But it is not, and nor will it be over soon. The  reason is that several other pockets of the credit market are also vulnerable.  The CDS market is worth about $45 trillion. This is not an easy figure to  imagine. It is more than 3 times the annual gross domestic product of the US.  Economically, credit default swaps are insurance. But legally, they are not,  which is why this market is largely unregulated.
     It is not difficult at all to  see how the CDS market has the potential to cause serious financial contagion.  The subprime crisis came fairly close to destabilising the global financial  system. A CDS crisis, under a pessimistic scenario, could produce a  global financial meltdown.
 (Also: Subprime  nation)
    The rot in the US  financial system is spreading and becoming more menacing. Federal Reserve  chairman Ben Bernanke, who is determined that it not become a self-fulfilling  spiral, signalled that the Federal Reserve stood ready to supply more aggressive  rate cuts if needed.
      Two more major banks reported  heavy mortgage and consumer-loan losses Monday for the 4th quarter of 2007,  reinforcing fears that that US financial crisis will likely trigger a recession,  not only in America, but worldwide.
     And the spectacle of giant US  financial institutions going hat in hand to the oil sheiks and the government  investment agencies of China, Taiwan and Singapore is one indicator of the  deteriorating world position of American capitalism. 
     Further cuts in US  interest rates, carried out at the behest of Wall Street to stave off a collapse  of confidence in the financial system, ultimately make the crisis even worse,  since reducing the rate of return impels foreign investors to dump their  dollar-denominated assets and shift their holdings into other, more  lucrative, investments.
     The bursting of the  housing bubble is only the initial stage of a financial crisis of  unprecedented dimensions, one that will call into question the viability of the  capitalist system worldwide.
     Citigroup's talks with the China  Development Bank to make a multibillion-dollar investment in the company have  reached an impasse after the Chinese government spurned a possible deal,  according to a person close to the situation.
     While Chinese investment groups  have bought big stakes in Wall Street firms like Bear Stearns and Morgan  Stanley, the scuttled deal suggests there may be limits on how much the  Chinese government is willing to invest in the Western banking system.  
 (Also: Citigroup  posts $9.8bn loss)
       Rumours of an emergency rate cut  over coming days by the US Federal Reserve have swept the global markets,  setting off a fresh plunge in the dollar. Gold surged to an all-time high of  $914 an ounce in New York on bets that the authorities will flood the global  system with further liquidity to stave off a mounting debt crisis.
     A member of the European  Central Bank's executive council warned that the tumbling dollar may now start  to foreclose the option of US rate cuts and force the Fed to keep monetary  policy tighter than it would like. "I would not be so sure about the movements  of the Fed. There is a serious problem with the dollar in America. We  will see what margins they have for further rate cuts."
     US Treasuries should be  downgraded to junk bond status, not given a "triple-A" government rating,  economist John Williams says, supporting a warning issued by Moody's last week  that the credit rating of the US government may be plunging in the next decade.  "The US Treasury is currently issuing 10-year notes and 30-year bonds. Yes,  the US government can always print money, but the question is whether the  investors buying these Treasury securities will get paid off when they get their  money back." 
     Glance at a chart of EADS  currency hedges, and you can see instantly that Europe's aerospace champion  faces corporate death within three years unless it can escape the crippling  costs of the euro. This year's dollar contracts are hedged at $1.13, rising to  $1.17 for 2009. Then disaster strikes. Costs will rocket to market levels near  $1.50. EADS is already losing money as it is.
     Louis Gallois, the Knight Templar and ascetic socialist brought in to  cleanse the enterprise of its infighters and hydra-head egos, knows it must  shift chunks of its productive base to America and Asia, and quickly. "The  dollar's decline is life-threatening for Airbus. We should not speculate. We  have to reduce the sensitivity of EADS to the exchange rate. Even if we were  able to sell airplanes in euros it would not solve the problem of  costs."
     UN Secretary-General  Ki-moon joined the prime ministers of Turkey and Spain on Tuesday to open a  forum of some 80 nations seeking to encourage understanding between the West and  Muslim countries.
     Opening a 2-day conference  of the Alliance of Civilizations, Spain's Prime Minister said the UN-backed  initiative aimed to prevent a "clash of civilizations by promoting security,  understanding, tolerance and mutual respect in a globalized world. It aspires to build bridges that can help us to manage the differences  existing in the world, particularly those linked to religious or cultural  issues."
     While approximately 10,000 per  year die from the effects of illegal drugs, an article in the Journal of the  American Medical Association reported that an estimated 106,000  hospitalized patients die each year from drugs which, by medical standards, are  properly prescribed and properly administered. More than 2 million suffer  serious side effects.
 Today in Scripture
     "In the 12th year of our exile,  in the 10th month on the 5th day, a man who had escaped from Jerusalem  came to me and said, 'The city has fallen!'" (Eze  33:21)
 Tonight's sky
      The moon is not flat, but at  tonight's first quarter phase, the moon does appear to have a "flat" edge. The  apparently flat edge of the moon at the quarter phase is called the "terminator"  - referring to the fact that sunlight "terminates" or ends at this  line. 
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