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A Service of the Church of God Faithful Flock
Weekly News and Commentary - Week of February 24, 2008
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WORLD NEWS BULLETIN
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 "It will be sad, and difficult, but we have no other choice," Matan Vilnai, Israel's deputy defense mister, said Friday, referring to the large-scale military operation he said Israel was preparing to bring a halt to the rocket fire
ASHKELON, Israel (AP) — Israeli leaders warned Friday of an approaching conflagration in the Gaza Strip as Israel activated a rocket warning system to protect Ashkelon, a city of 120,000 people, from Palestinian rockets.
Ashkelon was hit by several Grad rockets fired from Gaza on Thursday, a sign of the widening scope of violence between Israel and Hamas militants in Gaza. One hit an apartment building and another landed near a school, wounding a 17-year-old girl.
It can be in the form of a powder, a mist or a pellet and can be inhaled or ingested. There is no known antidote and most victims die within 36 hours to 72 hours from exposure to as little as a pinhead amount of the substance.
Police said the investigation was still in its early stages and gave no details about the sick man, nor of the person who visited the hotel on Thursday. They said the visitor
 Feb. 27 (Bloomberg) -- Gold rose to records in London and New York and silver gained to a 27-year high as the dollar's all- time low spurred demand for precious metals as a hedge against inflation. Palladium rose to the highest since 2001.
Gold is up 15 percent this year as a U.S. housing slump and turmoil in credit markets led the Federal Reserve to lower interest rates when commodities were rising to records. The dollar declined on speculation Fed Chairman Ben S. Bernanke will signal more rate cuts in testimony to Congress today.
The biggest earthquake in the UK for nearly 25 years has shaken homes across large parts of the country.
People in Newcastle, Yorkshire, London, Cumbria, the Midlands, Norfolk and also parts of Wales, felt the tremor just before 0100 GMT.
A man suffered a broken pelvis when a chimney collapsed in South Yorkshire.
 SINGAPORE (AP) — Oil prices rose to a new intraday high near $102 a barrel Wednesday as a slide in the U.S. dollar prompted investors to pump more money into energy futures as a hedge against inflation.
The dollar sank to a record low against the euro after the release of three disheartening U.S. economic reports Tuesday that show that the economy is slowing even as prices are rising. The dollar's decline prompted investors to seek a safe haven from turmoil in the financial markets and the threat of inflation.
Organization of Petroleum Exporting Countries plans to discuss a proposal by Iran and Venezuela to price oil in non-dollar currencies.
 Finance minister of the group, which supplies 40 percent of the global crude demand, will meet to study the proposal, the organization's President Chakib Khelil said.
Khalil, however, did not say when the ministers are scheduled to discuss the proposal amid the ongoing depreciation of the dollar.
 Medical Alert
 A recent survey by the British government has revealed that organic laying hen farms have a significantly lower level of Salmonella, a bacterium that is the most common cause of food poisoning worldwide.
More than 23 percent of farms with caged hens tested positive for salmonella, compared to just 4.4 percent in organic flocks and 6.5 percent in free-range flocks.
The highest prevalence of salmonella occurred in the largest holding size category (30,000 birds or more). They contained over four times the average level of salmonella found in flocks closer to the maximum size allowed under British Soil Association organic standards.
WASHINGTON - Air Force officials are warning that unless their budget is increased dramatically, and soon, the military's high-flying branch won't dominate the skies as it has for decades.
After more than six years of war in Afghanistan and Iraq, the Air Force's aging jet fighters, bombers, cargo aircraft and gunships are at the breaking point, they say, and expensive, ultramodern replacements are needed fast.
By RICHARD LARDNER
Associated Press Writer
February 19, 2008
http://news.yahoo.com/
 ARLINGTON, VA — At 10:29 p.m. last evening the Navy confirmed it hit a falling and potentially dangerous defense intelligence satellite using an SM-3 missile fired from the deck of the USS Lake Erie in the Northern Pacific.
GU.S. officials said the missile likely destroyed it's intended target, a 1,000 pound tank of toxic hydrazine fuel.
One official said "there are good first indications the shot was successful. There was an explosion on impact and over 80 pieces of debris were detected after initial assessments."
A "plastic soup" of waste floating in the Pacific Ocean is growing at an alarming rate and now covers an area twice the size of the continental United States, scientists have said.
The vast expanse of debris – in effect the world's largest rubbish dump – is held in place by swirling underwater currents. This drifting "soup" stretches from about 500 nautical miles off the Californian coast, across the northern Pacific, past Hawaii and almost as far as Japan.
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.
Picture of the Week
Eclipsed Moonlight
Moon watchers blessed with clear skies over the Americas, Europe, Africa and western Asia enjoyed a total lunar eclipse this week. Catching eclipsed moonlight, astroimager Jerry Lodriguss offers this view of the inspiring celestial event with the shadowed Moon accompanied by wandering planet Saturn at the left, and bright Regulus, alpha star of the constellation Leo, above. The engaging composite picture was made by combining a filtered, telephoto image of the Moon and surrounding starfield with a telescopic exposure. The combination dramatizes the reddened moonlight while clearly showing the variation of brightness and color in Earth's not-so-dark shadow across the lunar surface.
 BERLIN (AP) — The euro climbed to a record high of $1.5057 in early European trading on Wednesday as sentiment increased that the U.S. Federal Reserve would continue its rate cut campaign.
The 15-nation currency hit the high around 8:30 a.m. before falling back slightly to $1.5048, still above the $1.4967 it bought in late trading in New York on Tuesday, which was equal to the last record high it had reached, back in November.
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 Editorial
Yippy Ti Yi Yo, Europe!
Neuroticism abroad.
In the last few days, we’ve been reminded yet again that Europe’s radical secularism, atheism, socialism, multiculturalism, childlessness, and aging population make a fascinating but unstable mix — a lovely, fragile orchid in a thinly protected greenhouse.
Kosovo has just declared its independence from Serbia, and what follows could be nightmarish. An oil-rich, bellicose, and rearming Russia doesn’t much like the new breakaway state. But France, Germany, and most of the European Union — other than its Orthodox members and those in close proximity to Vladimir Putin — encouraged it. To paraphrase Joseph Stalin, “How many divisions does the E.U. have?”
Recently Turkey’s prime minister, Recep Tayyip Erdogan, speaking on German soil, told cheering Turkish workers and Germans of Turkish ancestry that assimilation is "a crime against humanity" — in between demands that the European Union admit his increasingly Islamicized Turkey to full membership. The American press passed over Erdogan’s broadside, but it was a revolutionary, nationalist appeal to German residents of Turkish backgrounds, over the head of, and contrary to, the German government itself — eerily like, mutatis mutandis, Hitler’s appeal in the late 1930s to the supposedly oppressed Germans of Czechoslovakia. Meanwhile Norway is about to request 100,000 Turkish guest workers for its cash-rich but labor-poor economy. The French, however, are sighing ‘been there, done that,’ as police sweep public housing projects in the Paris suburbs looking for Muslim immigrants implicated in past riots.
February 24, 2008
by Victor Davis Hanson
National Review Online
http://victorhanson.com/
(Dan 2:41) And whereas thou sawest the feet and toes, part of potters' clay, and part of iron, the kingdom shall be divided; but there shall be in it of the strength of the iron, forasmuch as thou sawest the iron mixed with miry clay.
(Dan 2:42) And [as] the toes of the feet [were] part of iron, and part of clay, [so] the kingdom shall be partly strong, and partly broken.
Gasoline prices, which for months lagged the big run-up in the price of oil, are suddenly rising quickly, with some experts fearing they could hit $4 a gallon by spring. Diesel is hitting new records daily and oil closed at an all-time high on Tuesday of $100.88 a barrel.
The increases could not come at a worse time for the economy. With growth slowing, high energy prices that were once easily absorbed by consumers are now more likely to act as a drag on household budgets, leaving people with less money to spend elsewhere. These costs could exacerbate the nation's economic woes, piling a fresh energy shock on top of the turmoil in credit and housing.
 Despite congressional mandate for CFLs by 2012, U.S. EPA says they shouldn't be used everywhere
WASHINGTON – Despite a congressional mandate banning the sale of common incandescent light bulbs by 2012, the U.S. Environmental Protection Agency is warning that their compact fluorescent replacements are not safe to use everywhere.
The EPA says breakage of the energy-saving, mercury-containing CFLs can cause health hazards, especially for children and pregnant women, suggesting use of the bulbs over carpeted areas should be avoided. If bulbs break over carpeted areas, the cleanup may require cutting out pieces of the carpet to avoid toxic exposures.
Joel Barbee shows how feds will crack down on incandescent ban
World Temperatures according to the Hadley Center for Climate Prediction. Note the steep drop over the last year.
Twelve-month long drop in world temperatures wipes out a century of warming
Over the past year, anecdotal evidence for a cooling planet has exploded. China has its coldest winter in 100 years. Baghdad sees its first snow in all recorded history. North America has the most snowcover in 50 years, with places like Wisconsin the highest since record-keeping began. Record levels of Antarctic sea ice, record cold in Minnesota, Texas, Florida, Mexico, Australia, Iran, Greece, South Africa, Greenland, Argentina, Chile -- the list goes on and on.
No more than anecdotal evidence, to be sure. But now, that evidence has been supplanted by hard scientific fact. All four major global temperature tracking outlets (Hadley, NASA's GISS, UAH, RSS) have released updated data. All show that over the past year, global temperatures have dropped precipitously.
A drought in China is one reason why wheat prices have soared Wheat prices have hit record highs and tight supplies of the staple crop have ignited concern about rising food costs.
The price of higher-quality spring wheat jumped almost 25% on Monday - the biggest one-day increase to date.
The rise comes as the UN's World Food Programme warns that it will have to start cutting rations or feeding fewer people if it does not get more money to cope with the higher cost of food.
 Researchers in the United States believe they have explained how a highly virulent strain of the superbug called methicillin-resistant staphylococcus aureus (MRSA) is able to dodge the immune system.
This strain, called community-associated MRSA, or CA-MRSA, is more vicious than the hospital-borne strain of MRSA, the trigger for a global scare surrounding bacteria that are impervious to all but a handful of antibiotics.
Editorial
Bullets of sweat run down the forehead of every lender, Jaw-dropping losses in the trillions, but media is not focusing on numbers, Gold at the outermost bounds of the visible universe, a rate cut band-aid is in the works to stop the impending doom.
If you're still wondering what the current credit-crunch catastrophe is all about, you need look no further than the offices occupied by credit managers and loan underwriters at banks and lending institutions around the world.
Each time one of these poor, unfortunate souls picks up a loan file, bullets of sweat start to run down their foreheads as their minds are filled with ominous foreboding and their hearts are gripped by a deadly mixture of bone-chilling horror and stark, raving terror, wondering whether this particular loan will be the one that ends their career and the very handsome salaries and bonuses that they have become accustomed to receiving over the past several years during which defaults have been virtually nonexistent.
What are they afraid of? According to a recent article by Jim Willie, there are a total of some 10.4 trillion dollars worth of dollar-denominated bonds of which at least 7 trillion dollars worth are prime AAA and of which about 1.4 trillion dollars worth are subprime BBB, with the remainder being Alt-A's which are somewhere in between. He further states that according to the various bond indices, the prime bonds have lost about 30% of their value, amounting to a loss of about 2.1 trillion dollars, which Wall Street refuses to even discuss, while the subprime bonds have lost about 80% of their value, amounting to a loss of about 1.1 trillion dollars.
And let's not forget the ALT-A's which are kicking in another cool trillion in losses and which the pirates of Wall Street are still dancing around much the same way that a bandito's victim would do a Mexican hat dance around a sombrero while bullets whistle and ricochet around his wildly moving feet. HOLY FREAKING FINANCIAL ARMEGEDDON, BATMAN, THAT'S A MIND-BLOWING 4.2 TRILLION DOLLARS OF LOSSES!!!
Yes, you read that correctly, that's trillion with a "T" and this combined total is close to one third of the entire freaking US Gross Domestic Product, which has just been flushed down the toilet in a matter of months!
Bob Chapman
February 16, 2008
http://theinternationalforecaster.com/
Biblical Perspective
"Feed my sheep", Jesus said. So the churches did. The new, seeker-friendly menu was great for business. The cafeteria was full, and more customers were coming every week. A generation starving for spiritual nourishment was being spoon fed poison meat."
 What is all of the fuss about? Mad cow disease is nothing new. It has been poisoning America for years.
It is an insidious disease, scientists tell us, attacking the central nervous system. The results are not immediate, sometimes taking years to manifest, but the results are devastating. It slowly hinders ones ability to think, leading eventually to dementia and the total loss of the power to reason.
"Is our meat supply safe?" the headlines ask. Can you trust Wendy’s and McDonalds? Can you be sure that the meat at your local grocery is not tainted? Just to be safe, maybe it would be wise to stop eating meat.
Perhaps we should ask pastors the same questions. Is the meat they are serving us safe?
The Church, for generations the central nervous system of America, has been ravaged by Mad Cow. Once the safe-guard of our nation, she has lost her ability to reason. How else can you explain the inability to distinguish those who are churched from those who are not? Dementia is running rampant because we have been fed a contaminated Gospel.
Natures’ Camouflage
This amazing video of an octopus changing not only the color but the texture of his skin.
Makes one wonder about how in the world evolution could have possibly been the cause.
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Some in U.S. see $4 gas by spring
