KUANTAN, Malaysia — Rising prices for cooking oil are forcing residents of Asia’s largest slum, in Mumbai, India, to ration every drop. Bakeries in the United States are fretting over higher shortening costs. And here in Malaysia, brand-new factories built to convert vegetable oil into diesel sit idle, their owners unable to afford the raw material.This is the other oil shock. From India to Indiana, shortages and soaring prices for palm oil, soybean oil and many other types of vegetable oils are the latest, most striking example of a developing global problem: costly food.The food price index of the Food and Agriculture Organization of the United Nations, based on export prices for 60 internationally traded foodstuffs, climbed 37 percent last year. That was on top of a 14 percent increase in 2006, and the trend has accelerated this winter.By KEITH BRADSHER
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Lindsey Williams, who has been an ordained Baptist minister for 28 years, went to Alaska in 1971 as a missionary. The Transalaska oil pipeline began its construction phase in 1974, and because of Mr. Williams' love for his country and concern for the spiritual welfare of the "pipeliners," he volunteered to serve as Chaplain on the pipeline, with the subsequent full support of the Alyeska Pipeline Company.
LAKE NORMAN, N.C. - Nuclear reactors across the Southeast could be forced to throttle back or temporarily shut down later this year because drought is drying up the rivers and lakes that supply power plants with the awesome amounts of cooling water they need to operate. 
Malaysian authorities confiscated Christian children's books, claiming the illustrations of prophets such as Moses and Abraham violate Islamic Shariah law. |
THE recent unusual weather patterns have accelerated one of the strangest phenomena witnessed in the bush: an unprecedented number of haysheds have been spontaneously bursting into flames.
Throughout the grain belt, it has been the worst season ever for spontaneous hayshed fires, according to the executive officer of the Australian Fodder Industry Association, Colin Peace.
By Asa Wahlquist
January 21, 2008
http://www.news.com.au/
Chinese Internet users up to 210 million
The Chinese government said Friday its Internet population has soared to 210 million people, putting it on track to surpass the U.S. online community this year to become the world's largest.
The official China Internet Network Information Center, also known as CNNIC, said the online population grew 53 percent, from 137 million reported at the same time last year. According to the government's Xinhua News Agency, China is only 5 million behind the United States online, a figure consistent with some American estimates.
January 11, 2008
http://news.bbc.co.uk/
BUY FEED CORN:
THEY'RE ABOUT TO STOP MAKING IT...
The idea that the world can “grow” out of oil dependency with bio-fuels is the PR hype being used to sell what is shaping up to be the most dangerous threat to the planet’s food supply since creation of patented genetically manipulated corn and crops.
That bowl of Kellogg’s Cornflakes on the breakfast table, or the portion of pasta or corn tortillas, cheese or meat on the table is going to rise in price over the coming months as sure as the sun rises in the East. Welcome ladies and gentlemen to the new world food price shock, conveniently timed to accompany our current world oil price shock.
Curiously it’s ominously similar in many respects to the early 1970’s when prices for oil and food both exploded by several hundred percent in a matter of months. That mid-1970’s price explosion led President Nixon to ask his old pal, Arthur Burns, then Chairman of the Fed, to find a way to alter the CPI inflation data to take attention away from the rising prices. The result then was the now-commonplace publication of the absurd “core inflation” CPI numbers--sans oil and food. Stephen Roche was the young Fed economist who was assigned the statistical manipulation job by Burns.
by F. William Engdahl
July 25, 2007
http://www.financialsense.com/
World News Bulletin is dedicated to bringing you up todate news from around the world with a Biblical Perspective and Focus. We strive to bring the why behind the news from the standpoint of Bible Prophecy.
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Daily news of great interest will be shown here with links to the page that details the items. We are always looking for ways to improve our service. Please let us know how we can improve. Also any editorial commentary that you would like to post on this site can be sent to this email: Editorial Comment for review and approval.
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Picture of the Day
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Comet McNaught Over Chile
Comet McNaught was perhaps the most photogenic comet of our time. After making quite a show in the northern hemisphere in early January, the comet moved south and developed a long and unusual dust tail that dazzled southern hemisphere observers. In this image, Comet McNaught was captured one year ago above Chile. The bright comet dominates on the left while part of its magnificent tail spreads across the entire picture. From this vantage point in the Andes Mountains, one looks up toward Comet McNaught and a magnificent sky, across at a crescent moon, and down on clouds, atmospheric haze, and the city lights of Santiago. Comet McNaught has glided into the outer Solar System and is now only visible as a speck in a large telescope. The other spectacular comet of 2007, Comet Holmes, has also faded from easy view.
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Brought to you as a Study Resource by the
Church of God Faithful Flock
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Editorial
The Coming Financial Collapse of America (and Why Today's Market Bloodbath is Only a Small Taste of Things to Come...)
(NewsTarget) Americans have always been fond of the idea of getting rich without effort by putting their money in things that produce no profits and then magically being able to ride those investments, milking them for spending cash that supports a drunken spending lifestyle. From 1998 - 2001, that profit vehicle was, of course, dot-com stocks. From 2001 to the present, it's been housing. Never mind the fact that a house produces nothing real, earns nothing real and actually loses utility with each successive year of its existence (roof repairs, anyone?) -- Americans have been convinced over the last seven years that housing prices would rise forever, allowing people to simply extract money from their home equity as if their house were some sort of giant ATM machine.
As the markets are finally demonstrating today, the "economic good times" spurred by a runaway housing price boom (and powered by astonishingly fraudulent lending practices by dishonest banks) are over. A day of reckoning has arrived, and the unwinding of this false wealth that has been propping up the U.S. economy for so many years is about to be unleashed upon the American people. (Today's stock market meltdown is only the beginning...)
January 22, 2008
by Mike Adams
www.newstarget.com/
LA Streets Flooded, Snow in Mountains
LOS ANGELES (AP) -- Streets flooded, hillsides slipped and commuters cursed Friday during powerful rain and snow storms that lashed Southern California.
The morning commute was long, wet and - in some cases - treacherous. Traffic accidents doubled compared to the usual rush hour, California Highway Patrol Officer Miguel Luevano estimated.
Storm Brings Tornado, Snow to Southern Calif.
Jan 25, 2008
http://hosted.ap.org/
EU blames US spending for market turbulences
Biggest plunge of global stock markets since the terrorist attacks of 11 September 2001.
UOBSERVER / BRUSSELS - The European Commission has pointed to unhealthy public spending in the US as the main cause of the current global market turbulences and urged Washington to cut expenditure and boost savings, while praising Europe's own "solid and sound" economy and the positive effect of the common currency.
The topic dominated a regular meeting of EU finance ministers in Brussels on Tuesday (22 January), shortly after the biggest plunge of global stock markets since the terrorist attacks of 11 September 2001.
By Lucia Kubosova
January 23, 2008
http://euobserver.com/
Mideast Gripped by Frigid Temperatures
AMMAN, Jordan (AP) - The lone de-icing machine at Jordan's busy international airport worked frantically Tuesday to clear planes for takeoff after a freak snowstorm blanketed this desert country during a severe cold snap that has the region shivering.
Meteorologists are calling it the worst cold front since 1964, attributing it to a high pressure zone in northern Europe that is forcing chilly air into the Middle East. Lows dropped into the 30s Tuesday in Amman and the capital of neighboring Syria, Damascus.
Jan 22, 2008
By DALE GAVLAK
http://apnews.myway.com/
Bank of America net sinks 95 percent
NEW YORK (Reuters) - Bank of America Corp said on Tuesday quarterly profit sank 95 percent, hurt by more than $7 billion of losses tied to write-downs, poor trading decisions and mounting credit woes.
Fourth-quarter net income for the second-largest U.S. bank fell to $268 million, or 5 cents per share, from $5.26 billion, or $1.16, a year earlier.
By Jonathan Stempel
Jan 22, 2008
http://www.reuters.com/
Global Markets Plunge on U.S. Recession Fears
LONDON (AP) -- Stocks fell sharply worldwide Monday following declines on Wall Street last week amid investor pessimism over the U.S. government's stimulus plan to prevent a recession.
U.S. markets were closed for Martin Luther King Jr. Day, but the downbeat mood from last week's market declines there circled through Europe, Asia and the Americas. Britain's benchmark FTSE-100 slumped 5.5 percent to 5,578.20, France's CAC-40 Index tumbled 6.8 percent to 4,744.15, and Germany's blue-chip DAX 30 plunged 7.2 percent to 6,790.19.
In Asia, India's benchmark stock index tumbled 7.4 percent, while Hong Kong's blue-chip Hang Seng index plummeted 5.5 percent to 23,818.86, its biggest percentage drop since the Sept. 11, 2001, terror attacks.
By THE ASSOCIATED PRESS
Published: January 21, 2008
http://www.nytimes.com/
First Temple seal found in Jerusalem
A stone seal bearing the name of one of the families who acted as servants in the First Temple and then returned to Jerusalem after being exiled to Babylonia has been uncovered in an archeological excavation in Jerusalem's City of David, a prominent Israeli archeologist said Wednesday.
The 2,500-year-old black stone seal, which has the name "Temech" engraved on it, was found earlier this week amid stratified debris in the excavation under way just outside the Old City walls near the Dung Gate, said archeologist Dr. Eilat Mazar, who is leading the dig.
Jan 17, 2008
http://www.jpost.com/
Editorial
Alien Minds
The great French political writer, Alexis de Tocqueville, stated long ago that democracies were “decidedly inferior to other governments” in the conduct of foreign policy. Joseph Schumpeter noted, “An autocrat is … unhampered by all those considerations that distract the attention of a democratic leader.” Every despot is free to follow in the footsteps of Genghis Khan. In fact, totalitarian systems are founded on an assumed program of conquest. This is true whether the program is publicly acknowledged or not. The extension of empire is imbedded in the psychology of totalitarianism. In opposition to this, the democracies have always tended toward appeasement, accommodation and retreat. This was true at Munich in 1938, at Potsdam in 1945 and it is true whenever George W. Bush meets with Vladimir Putin today.
It is useful to recall what Stalin told his Yugoslavian comrades in 1945: “The war will be over soon,” he said. “We shall recover in fifteen or twenty years, and then we’ll have another go at it.” This is how the totalitarian mind works. Dictators often believe in a future world war. Castro, Chavez, the funny little hairdo in North Korea and the Chinese Communists all believe in a future destructive war. Western leaders do not share this belief. Their policies are based on the belief that world war can be averted.
In Robert Conquest’s “Reflections on a Ravaged Century,” he explained that the “basic problem” of Western governments dealing with Russian totalitarianism was “an often inadequate conception of the Soviet psychology.” What we lack, as Westerners, is imagination. Western leaders may be very intelligent, noted Conquest, but they are “unable to conceive of minds and men markedly different from themselves.” The appeasement strategies of the West are not evidence of “stupidity,” Conquest explained. They are evidence of the fact that men lack the scope needed to “envisage alien minds.”
by J. R. Nyquist
January 18, 2008
http://www.financialsense.com/
Biblical Perspective
An Introduction to Prophecy
Why look at prophecy today? Was it all written centuries ago, for a people long-vanished? Or were these prophecies written for our time?
But Prophecy Doesn't Make Sense!
This booklet introduces you to an important subject - one that you
may never have thought was important. This subject is Prophecy - the messages
revealed in Isaih, Jeremiah, Daniel and the other prophets. Their writings make up a large part of the bible. And they wrote long ago.
What have they got to do with you; American, Canadian, English, French, German, Italian, Nigerian or whoever - living in the closing years of the 20th Centrury?
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Overseas Investors Buy Aggressively in U.S.
For much of the world, the United States is now on sale at discount prices.
Last May, a Saudi Arabian conglomerate bought a Massachusetts plastics maker. In November, a French company established a new factory in Adrian, Mich., adding 189 automotive jobs to an area accustomed to layoffs. In December, a British company bought a New Jersey maker of cough syrup.
A Flood of Investment For much of the world, the United States is now on sale at discount prices. With credit tight, unemployment growing and worries mounting about a potential recession, American business and government leaders are courting foreign money to keep the economy growing. Foreign investors are buying aggressively, taking advantage of American duress and a weak dollar to snap up what many see as bargains, while making inroads to the world’s largest market.
Last year, foreign investors poured a record $414 billion into securing stakes in American companies, factories and other properties through private deals and purchases of publicly traded stock, according to Thomson Financial, a research firm. That was up 90 percent from the previous year and more than double the average for the last decade. It amounted to more than one-fourth of all announced deals for the year, Thomson said.
By PETER S. GOODMAN and LOUISE STORY
anuary 20, 2008
http://www.nytimes.com/
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