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      <title>The Watchmen News / WTLM Audio Blogs</title>
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      <pubDate>Sat, 31 Jul 2010 20:11:11 -0700</pubDate>
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         <title>US threatens Iran with 'severe sanctions'</title>
         <link>http://thewatchmendailynews.ning.com/xn/detail/2008199:BlogPost:15059</link>
         <description>&lt;div&gt;US Defense Secretary Robert Gates says Iran faces &quot;severe sanctions” from the US and major world powers over its nuclear program.
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Gates noted that US President Barack Obama's warning last week that Iran's statesmen would suffer &quot;growing consequences&quot; if they ignored international obligations meant tough sanctions were in the offing.&lt;br /&gt;
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&quot;I think in the near term it's more likely to be severe sanctions imposed partly by the UN Security Council and partly by the United States a&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/war-newss-posts-the-watchmen-daily-news-wdn/War_Newss_Posts_-_The_Watchmen_Daily_News_WDN-US_threatens_Iran_with_severe_sanctions.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Wed, 03 Feb 2010 22:30:45 -0800</pubDate>
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US Defense Secretary Robert Gates says Iran faces "severe sanctions” from the US and major world powers over its nuclear program.<br />
<br />
Gates noted that US President Barack Obama's warning last week that Iran's statesmen would suffer "growing consequences" if they ignored international obligations meant tough sanctions were in the offing.<br />
<br />
"I think in the near term it's more likely to be severe sanctions imposed partly by the UN Security Council and partly by the United States and like-minded countries," Gates told the House Armed Services Committee on Wednesday.<br />
<br />
He did not specify what financial or other sanctions might be imposed on Tehran.<br />
<br />
Tehran has repeatedly declared that it will not relinquish the Iranian nation's legitimate nuclear rights under the West's pressure.<br />
<br />
<a rel="nofollow" target="_blank" href="http://presstv.ir/detail.aspx?id=117814&amp;sectionid=351020104">Press TV</a></div>]]></content:encoded>
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         <title>Does safer flying mean a risk of radiation?</title>
         <link>http://thewatchmendailynews.ning.com/xn/detail/2008199:BlogPost:15058</link>
         <description>&lt;div&gt;&lt;img src=&quot;http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2010/2/3/1265223561318/Images-from-the-new-body--001.jpg&quot;/&gt;
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So-called &quot;naked&quot; body- scanning machines at airports, the latest defence against would-be plane bombers, have already raised concern for breaching flyers' privacy and, potentially, feeding the voyeurism of security officials. But could being screened also pose a health risk?&lt;br /&gt;
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The question arises because one of the two types of new scanner – those&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/health-newss-posts-the-watchmen-daily-news-wdn/Health_Newss_Posts_-_The_Watchmen_Daily_News_WDN-Does_safer_flying_mean_a_risk_of_radiation.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Wed, 03 Feb 2010 22:27:26 -0800</pubDate>
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<img src="http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2010/2/3/1265223561318/Images-from-the-new-body--001.jpg"/><br />
<br />
So-called "naked" body- scanning machines at airports, the latest defence against would-be plane bombers, have already raised concern for breaching flyers' privacy and, potentially, feeding the voyeurism of security officials. But could being screened also pose a health risk?<br />
<br />
The question arises because one of the two types of new scanner – those that deploy "back-scatter" x-ray technology – uses ionising radiation to generate the images that indicate if someone is concealing something dangerous. The Department for Transport, which ordered the introduction of whole-body scanners at all UK airports after the plot to blow up an aeroplane over Detroit on Christmas Day, says that they are completely safe.<br />
<br />
"The level of radiation that you usually receive from a back-scatter machine is equivalent to what you would naturally receive [from the sun] from two minutes of flying at about 35,000ft," says a DfT spokesman. He points to a report this week by the Health Protection Agency, which says that standing to be examined by back-scatter technology involves ­receiving a dose of just 0.02 micro sieverts or less of radiation, a tiny fraction of the 2,700 microsieverts that a typical Briton is exposed to naturally every year from sources such as radon gas, cosmic rays and building materials.<br />
<br />
"That's a very small dose of radiation," says Professor Richard Wakefield, a radiation expert at Manchester University's Dalton Nuclear Institute. "I can't say that these scanners pose no risk, but at the doses you are talking about it's verging on the ridiculous to be worried about them." Many of us may well prefer the notional risk from those minute doses to the risk of being on a plane that is blown up, anyway.<br />
<br />
But Douglas Boreham, professor in medical physics and applied radiation sciences at McMaster University in Ontario, Canada, cautions that there is a small possibility of harm for frequent flyers or those who are sensitive to the effects of radiation. Radiation from x-ray scanners could be more highly concentrated than radiation encountered naturally at high altitudes, he says. He wants the possible impact to be monitored. "We don't have enough information to make a decision on whether there's going to be a biological effect or not," he says.<br />
<br />
<a rel="nofollow" id="aptureLink_nn5n9hwIbO" target="_blank" href="http://www.guardian.co.uk/uk/2010/feb/04/airport-security-scanners-radiation" name="aptureLink_nn5n9hwIbO">The Guardian</a></div>]]></content:encoded>
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         <title>Google to enlist NSA to help it ward off cyberattacks</title>
         <link>http://thewatchmendailynews.ning.com/xn/detail/2008199:BlogPost:15057</link>
         <description>&lt;div&gt;By Ellen Nakashima
&lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_uzNJ6mQxSr&quot; target=&quot;_blank&quot; href=&quot;http://www.washingtonpost.com/wp-dyn/content/article/2010/02/03/AR2010020304057.html?hpid=topnews&quot; name=&quot;aptureLink_uzNJ6mQxSr&quot;&gt;The Washington Post&lt;/a&gt;&lt;br /&gt;
Thursday, February 4, 2010; A01&lt;br /&gt;
&lt;br /&gt;
The world's largest Internet search company and the world's most powerful electronic surveillance organization are teaming up in the name of cybersecurity.&lt;br /&gt;
&lt;br /&gt;
Under an agreement that is still being finalized, the National Security Agency wo&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/the-surveillance-societys-posts-the-watchmen-dail/The_Surveillance_Societys_Posts_-_The_Watchmen_Dai-Google_to_enlist_NSA_to_help_it_ward_off_cyberattacks.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Wed, 03 Feb 2010 22:04:13 -0800</pubDate>
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By Ellen Nakashima<br />
<a rel="nofollow" id="aptureLink_uzNJ6mQxSr" target="_blank" href="http://www.washingtonpost.com/wp-dyn/content/article/2010/02/03/AR2010020304057.html?hpid=topnews" name="aptureLink_uzNJ6mQxSr">The Washington Post</a><br />
Thursday, February 4, 2010; A01<br />
<br />
The world's largest Internet search company and the world's most powerful electronic surveillance organization are teaming up in the name of cybersecurity.<br />
<br />
Under an agreement that is still being finalized, the National Security Agency would help Google analyze a major corporate espionage attack that the firm said originated in China and targeted its computer networks, according to cybersecurity experts familiar with the matter. The objective is to better defend Google -- and its users -- from future attack.<br />
<br />
Google and the NSA declined to comment on the partnership. But sources with knowledge of the arrangement, speaking on the condition of anonymity, said the alliance is being designed to allow the two organizations to share critical information without violating Google's policies or laws that protect the privacy of Americans' online communications. The sources said the deal does not mean the NSA will be viewing users' searches or e-mail accounts or that Google will be sharing proprietary data.<br />
<br />
The partnership strikes at the core of one of the most sensitive issues for the government and private industry in the evolving world of cybersecurity: how to balance privacy and national security interests. On Tuesday, Director of National Intelligence Dennis C. Blair called the Google attacks, which the company acknowledged in January, a "wake-up call." Cyberspace cannot be protected, he said, without a "collaborative effort that incorporates both the U.S. private sector and our international partners."<br />
<br />
But achieving collaboration is not easy, in part because private companies do not trust the government to keep their secrets and in part because of concerns that collaboration can lead to continuous government monitoring of private communications. Privacy advocates, concerned about a repeat of the NSA's warrantless interception of Americans' phone calls and e-mails after the Sept. 11, 2001, terrorist attacks, say information-sharing must be limited and closely overseen.<br />
<br />
"The critical question is: At what level will the American public be comfortable with Google sharing information with NSA?" said Ellen McCarthy, president of the Intelligence and National Security Alliance, an organization of current and former intelligence and national security officials that seeks ways to foster greater sharing of information between government and industry.<br />
<br />
On Jan. 12, Google took the rare step of announcing publicly that its systems had been hacked in a series of intrusions beginning in December.<br />
<br />
The intrusions, industry experts said, targeted Google source code -- the programming language underlying Google applications -- and extended to more than 30 other large tech, defense, energy, financial and media companies. The Gmail accounts of human rights activists in Europe, China and the United States were also compromised.<br />
<br />
So significant was the attack that Google threatened to shutter its business operation in China if the government did not agree to let the firm operate an uncensored search engine there. That issue is still unresolved.<br />
<br />
Google approached the NSA shortly after the attacks, sources said, but the deal is taking weeks to hammer out, reflecting the sensitivity of the partnership. Any agreement would mark the first time that Google has entered a formal information-sharing relationship with the NSA, sources said. In 2008, the firm stated that it had not cooperated with the NSA in its Terrorist Surveillance Program.<br />
<br />
Sources familiar with the new initiative said the focus is not figuring out who was behind the recent cyberattacks -- doing so is a nearly impossible task after the fact -- but building a better defense of Google's networks, or what its technicians call "information assurance."<br />
<br />
One senior defense official, while not confirming or denying any agreement the NSA might have with any firm, said: "If a company came to the table and asked for help, I would ask them . . . 'What do you know about what transpired in your system? What deficiencies do you think they took advantage of? Tell me a little bit about what it was they did.' " Sources said the NSA is reaching out to other government agencies that play key roles in the U.S. effort to defend cyberspace and might be able to help in the Google investigation.<br />
<br />
These agencies include the FBI and the Department of Homeland Security.<br />
<br />
Over the past decade, other Silicon Valley companies have quietly turned to the NSA for guidance in protecting their networks.<br />
<br />
"As a general matter," NSA spokeswoman Judi Emmel said, "as part of its information-assurance mission, NSA works with a broad range of commercial partners and research associates to ensure the availability of secure tailored solutions for Department of Defense and national security systems customers."<br />
<br />
Despite such precedent, Matthew Aid, an expert on the NSA, said Google's global reach makes it unique.<br />
<br />
"When you rise to the level of Google . . . you're looking at a company that has taken great pride in its independence," said Aid, author of "The Secret Sentry," a history of the NSA. "I'm a little uncomfortable with Google cooperating this closely with the nation's largest intelligence agency, even if it's strictly for defensive purposes."<br />
<br />
The pact would be aimed at allowing the NSA help Google understand whether it is putting in place the right defenses by evaluating vulnerabilities in hardware and software and to calibrate how sophisticated the adversary is. The agency's expertise is based in part on its analysis of cyber-"signatures" that have been documented in previous attacks and can be used to block future intrusions.<br />
<br />
The NSA would also be able to help the firm understand what methods are being used to penetrate its system, the sources said. Google, for its part, may share information on the types of malicious code seen in the attacks -- without disclosing proprietary data about what was taken, which would concern shareholders, sources said.<br />
<br />
Greg Nojeim, senior counsel for the Center for Democracy &amp; Technology, a privacy advocacy group, said companies have statutory authority to share information with the government to protect their rights and property.</div>]]></content:encoded>
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         <title>Sex Abuse Victims' Groups Outraged By Vatican Decision to Clear Accused Priest</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18694</link>
         <description>&lt;div&gt;&lt;i&gt;&lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://en.wikipedia.org/wiki/Catholic_Church&quot; title=&quot;Catholic Church&quot;&gt;Catholic Church&lt;/a&gt; Rules Alan Placa Not Guilty; &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://en.wikipedia.org/wiki/Rudy_Giuliani&quot; title=&quot;Rudy Giuliani&quot;&gt;Rudy Giuliani&lt;/a&gt; Defended, Employed Friend Accused of Molesting Boys&lt;/i&gt;
&lt;br /&gt;
By AVNI PATEL&lt;br /&gt;
&lt;br /&gt;
Dec. 7, 2009 —&lt;br /&gt;
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Catholic sex-abuse victims' groups are decrying a Vatican decision to clear a former high-ranking&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen/Everyones_Blog_Posts_-_The_Watchmen-Sex_Abuse_Victims_Groups_Outraged_By_Vatican_Decision_to_Clear_Accused_Priest.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Tue, 08 Dec 2009 06:21:41 -0800</pubDate>
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<i><a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Catholic_Church" title="Catholic Church">Catholic Church</a> Rules Alan Placa Not Guilty; <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Rudy_Giuliani" title="Rudy Giuliani">Rudy Giuliani</a> Defended, Employed Friend Accused of Molesting Boys</i><br />
<br />
By AVNI PATEL<br />
<br />
Dec. 7, 2009 —<br />
<br />
Catholic sex-abuse victims' groups are decrying a Vatican decision to clear a former high-ranking Long Island <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Priest" title="Priest">priest</a>, and longtime friend of former <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=40.7166666667,-74.0&amp;spn=0.1,0.1&amp;q=40.7166666667,-74.0%20%28New%20York%20City%29&amp;t=h" title="New York City">New York</a> <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Mayor_of_New_York_City" title="Mayor of New York City">Mayor</a> Rudy Giuliani, of sex-abuse allegations.<br />
<br />
The Diocese of Rockville Centre announced on Friday that the Catholic Church had found <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Alan_Placa" title="Alan Placa">Monsignor Alan Placa</a> not guilty of molesting teenage boys, an allegation that first surfaced in a local grand jury investigation in 2002. The grand jury report concluded that Placa could not be prosecuted criminally because the statute of limitations had expired.<br />
<br />
Victims' rights groups harshly criticized the Catholic Church's decision and the process of trying the accused priest.<br />
<br />
"While not surprising, it's still heart-breaking to see that a victim deemed credible by virtually everyone else -- prosecutors, grand jurors, journalists, survivors, relatives and lay Catholics -- is deemed not credible by a couple of Vatican bureaucrats thousands of miles away," said David Clohessy, the national director of the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Survivors_Network_of_those_Abused_by_Priests" title="Survivors Network of those Abused by Priests">Survivors Network of those Abused by Priests</a>.<br />
<br />
Anne Barrett Doyle of BishopAccountablity.org, a group that tracks sex abuse allegations against Catholic priests, called the decision a "slap in the face to survivors and all Catholics who want to believe the Church can change its ways."<br />
<br />
Placa was placed under investigation by the Church after he was identified as "Priest F" in a grand jury investigation in New York's Suffolk County. The grand jury heard testimony from three alleged victims, two students and an altar boy, who said that a "Priest F" had molested them in the 1970s.<br />
<br />
Richard Tollner, the only accuser to come forward publicly, told <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/ABC_News" title="ABC News">ABC News</a> in a 2007 interview that Placa was Priest F, and that Placa had repeatedly molested him in 1975 when he was a teenage student at an all-boys Catholic high <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Catholic_school" title="Catholic school">school</a> in Uniondale, N.Y.<br />
Alan Placa's Past Reveals Abuse Allegations<br />
<br />
Placa later served as a lawyer for the diocese in dealing with allegations of abuse against other priests. According to the grand jury report, Priest F became instrumental in a church policy that used "deception and intimidation" to keep the church scandal quiet. Priest F claimed he had saved the church hundreds of thousands of dollars in his handling of possible litigation.<br />
<br />
When the allegations first surfaced, Placa was serving as the Vice Chancellor of the diocese. After Placa was placed under investigation, and told by the Church to stop performing his priestly duties, Giuliani hired him to work at his consulting firm, Giuliani Partners. Placa accompanied Giuliani and his wife Judith on a trip to Rome in January of 2007, around the time a canonical panel was trying him in Albany.<br />
<br />
On Sunday, Tollner told ABC News.com that he stood by his testimony and was "astonished" by the Catholic Church's decision to absolve Placa.<br />
<br />
"What upsets me most is that it sends a message that it is okay to be a sex abuser," said Tollner. "The Church will just ignore it, sweep it under the rug, and nobody is going to care."<br />
<br />
Tollner says he was kept in the dark about the testimony presented at the proceedings and unsuccessfully sought information on its outcome for the past two and a half years. He did not learn about the "not guilty" ruling until a reporter called him about it on Friday.<br />
<br />
"We do not know what the basis is for this decision" said Doyle of the Church process. "It's very secretive, that's why we can't put any stock in it."<br />
<br />
Tollner told Good Morning America in 2007 that the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Sexual_abuse" title="Sexual abuse">sexual abuse</a> started when he and Placa were making posters for a Right to Life march.<br />
<br />
"As he started to explain how these posters should be done, I realized that something was rubbing my body," Tollner said. "After a minute or two, I realized that he's feeling me, feeling me in my genital area."<br />
<br />
The grand jury report concluded that Priest F abused the boys sexually "again and again and again."<br />
<br />
"Priest F was cautious, but relentless in his pursuit of victims. He fondled boys over their clothes, usually in his office," the report said.<br />
Giuliani Defended, Employed Priest<br />
<br />
Several former students from the same high school say they were asked by the "Giuliani organization" to contact ABC News and vouch for Placa.<br />
<br />
"There was absolutely not a hint of rumor of a speculation or a whisper, in four years, or in decades after of any sexual predatoriness on the part of Rev. Placa," wrote Matthew Hogan in an e-mail to ABCNews.com.<br />
<br />
Placa did not respond to a request for comment left at his office at Giuliani Partners, and a spokesperson for Giuliani did not respond to a request for comment. A spokesperson for the Diocese of Rockville Centre did not respond to a request for comment by press time. According to the Diocese's official announcement of Placa's not guilty ruling, "Msgr. Placa will not be given a diocesan assignment. Msgr. Placa will reside at St. Aloysius parish, Great Neck. Msgr. Placa's status is that of a retired priest in good standing."<br />
<br />
In 2007, Giuliani said during a Wisconsin campaign appearance that he stood by Placa despite the accusations. "I know the man; I know who he is, so I support him," Giuliani said.<br />
<br />
"We give some of the worst people in our society the presumption of innocence and benefit of the doubt," said Giuliani. "And, of course, I'm going to give that to one of my closest friends."<br />
<br />
Placa has been friends with Giuliani since they both attended Bishop Loughlin High School in Brooklyn. They were in an opera club together and would sometimes double date. Giuliani and Placa later attended Manhattan College together, where they were also fraternity brothers.<br />
<br />
Placa was ordained as a Catholic priest in May 1970. He was the best man at Giuliani's first marriage in 1968, then helped Giuliani get an annulment in 1982 so he could marry second wife Donna Hanover. Placa officiated at Hanover and Giuliani's 1984 wedding. He officiated at the funerals of Giuliani's father and mother and baptized both of Giuliani's children. Click Here for the Blotter Homepage.</div>
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<br />
<a rel="nofollow" target="_blank" href="http://abcnews.go.com/Blotter/sex-abuse-victims-groups-outraged-vatican-decision-clear/story?id=9268719">http://abcnews.go.com/Blotter/sex-abuse-victims-groups-outraged-vatican-decision-clear/story?id=9268719</a>]]></content:encoded>
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         <title>US Mint to Suspend American Eagle Gold 1-Ounce Coins</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7733</link>
         <description>&lt;div&gt;The U.S. Mint said Wednesday it will suspend sales of the popular American &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://en.wikipedia.org/wiki/Eagle_%28United_States_coin%29&quot; title=&quot;Eagle (United States coin)&quot;&gt;Eagle&lt;/a&gt; 1-ounce &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://en.wikipedia.org/wiki/Precious_metal&quot; title=&quot;Precious metal&quot;&gt;bullion&lt;/a&gt; &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://en.wikipedia.org/wiki/Coin&quot; title=&quot;Coin&quot;&gt;coins&lt;/a&gt; as rising demand deple&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen-finance-and-tec/Everyones_Blog_Posts_-_The_Watchmen_Finance_and_Te-US_Mint_to_Suspend_American_Eagle_Gold_1-Ounce_Coins.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Thu, 26 Nov 2009 10:18:21 -0800</pubDate>
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The U.S. Mint said Wednesday it will suspend sales of the popular American <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Eagle_%28United_States_coin%29" title="Eagle (United States coin)">Eagle</a> 1-ounce <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Precious_metal" title="Precious metal">bullion</a> <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Coin" title="Coin">coins</a> as rising demand depleted its inventory.<br />
<br />
"The <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.usmint.gov" title="United States Mint">United States Mint</a> has depleted its current inventory of 2009 American Eagle 1-ounce gold bullion coins due to the continued strong demand for this product," the Mint told its authorized dealers in a memorandum on Wednesday.<br />
<br />
November sales to date were at 124,000 ounces, higher than the 115,500 ounces sold in each month of September and October, the Mint said.<br />
<br />
The Mint said it expects to resume sales in early December.<br />
<br />
Increasing worries about <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Inflation" title="Inflation">inflation</a>, a falling U.S. dollar and geopolitical tensions are prompting individual investors to take physical possession of <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Gold_coin" title="Gold coin">gold coins</a> and other bullion products due to the metal's appeal as a safe haven in financial and political crises.<br />
<br />
Gold hit a record high at just under $1,190 an ounce on Wednesday due to a broadly lower dollar and renewed interest from <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Central_bank" title="Central bank">central banks</a>. <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Year-to-date" title="Year-to-date">Year to date</a>, the metal has risen more than 35 percent.<br />
<br />
Last year, the Mint had also briefly suspended sales of its American Eagle gold and <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Silver_coin" title="Silver coin">silver coins</a> due to high demand and a lack of coin blanks.<br />
<br />
Produced from gold mined in the <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=38.8833333333,-77.0166666667&amp;spn=10.0,10.0&amp;q=38.8833333333,-77.0166666667%20%28United%20States%29&amp;t=h" title="United States">United States</a>, the 22-karat American Eagles have been novel items among collectors and investors since their introduction in 1986. Each coin has a face value of $50 but it is sold by authorized dealers at a premium to the price of gold.<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.cnbc.com/id/34153788">http://www.cnbc.com/id/34153788</a></div>
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         <title>We’re running out of gold: miners</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7732</link>
         <description>&lt;p style=&quot;text-align:left;&quot;&gt;&lt;img src=&quot;http://2.bp.blogspot.com/_hntojuBOgo0/SRX1SPzuIDI/AAAAAAAAFSc/wjBGkxYAVSo/s320/GoldBars3.jpg&quot;/&gt;&lt;/p&gt;
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&lt;div&gt;MONTREAL — Gold production will continue to fall, despite a brief boost in 2009 and soaring prices, as deposits are exhausted and new discoveries remain elusive, say miners.
&lt;br /&gt;
In terms of production, &quot;2009 is the outlier as far as the trend,&quot; Omar Jabara, spokesman for US-based&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen-finance-and-tec/Everyones_Blog_Posts_-_The_Watchmen_Finance_and_Te-Were_running_out_of_gold-_miners.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Thu, 26 Nov 2009 09:25:44 -0800</pubDate>
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<br />
<div>
MONTREAL — Gold production will continue to fall, despite a brief boost in 2009 and soaring prices, as deposits are exhausted and new discoveries remain elusive, say miners.<br />
<br />
In terms of production, "2009 is the outlier as far as the trend," Omar Jabara, spokesman for US-based <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.newmont.com" title="Newmont Mining Corporation">Newmont Mining</a>, the second-largest gold <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Record_producer" title="Record producer">producer</a> in the world, told <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.afp.com" title="Agence France-Presse">AFP</a>.<br />
<br />
Overall, "it's a fact that gold production from <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Mining" title="Mining">mines</a> has been in decline since 2001 and has gone roughly from 85 million ounces to about 75 million ounces a year," said Vincent Borg, spokesman for number one producer <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.barrick.com" title="Barrick Gold">Barrick Gold</a>.<br />
<br />
"It sort of goes down about one million ounces every year and our forecast is that it will continue to decline despite the higher price" for gold nowadays, he said.<br />
<br />
Almost everywhere, <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Mineral" title="Mineral">mineral deposits</a> are being exhausted and new deposits are not being found fast enough to replace them, these experts explain.<br />
<br />
South Africa, which was once at the vanguard of world production, saw a 9.3-percent drop in production year-over-year in the second quarter, according to its Chamber of Mines.<br />
<br />
Globally, "it's just that the assets are not there anymore," Tonya Todd, a spokeswoman for Goldcorp, Canada's second biggest <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Gold_mining" title="Gold mining">gold mining</a> firm.<br />
<br />
"Just because gold reached a new high today doesn't mean we can send a message to our 26 mines saying produce as much gold as you can today because they are already," said Borg.<br />
<br />
"It's not like a water tap you can turn on and it comes right away."<br />
<br />
<a rel="nofollow" class="zem_slink" target="_blank" href="http://www.barrick.com" title="Barrick Gold">Barrick</a> and Newmont expect nevertheless to continue increasing production next year by seven percent and five to 10 percent, respectively. But long-term, it's downhill.<br />
<br />
Omar Jabara explained that it takes from seven to 10 years to start production of a mine after finding an economically viable gold deposit.<br />
<br />
And "no significant new discoveries have been found in recent years, despite the higher gold prices and despite higher exploration budgets," said Borg.<br />
<br />
What is already happening and is likely to continue is that the grade or quality of deposits industry-wide will be "on average lower than deposits discovered in the past," opined Jabara.<br />
<br />
The global gold mine production is forecast to rise by 3.7 percent in 2009 to about 2,500 tonnes, but will satisfy only two-thirds of demand, which soared this year amid <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932009" title="Financial crisis of 2007&#x2013;2009">the global financial crisis</a> to 3,800 tonnes, according to the World Gold Council.<br />
<br />
Historically, gold recycling or the sale of central bank stockpiles made up for supply shortages.<br />
<br />
But during the latest financial crisis, banks have been buying up gold in large quantities to protect monetary reserves against weakness in the US dollar.<br />
<br />
Since the start of November, for example, India's central bank has scooped up 200 tonnes of gold from the International Monetary Fund, at market value for about 6.7 billion dollars.<br />
<br />
Amid uncertainty in the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Stock_market" title="Stock market">stock market</a>, small investors and <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Hedge_fund" title="Hedge fund">hedge funds</a> are also coveting gold, driving up demand for the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Precious_metal" title="Precious metal">precious metal</a>.<br />
<br />
With mine production sloping downwards, an increasing supply of gold must come from existing supplies -- such as coins, bullion or jewelry -- but it will be very limited.<br />
<br />
"All the gold ever produced through history amounts to about 165,000 tonnes, which would barely fill two <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Olympic-size_swimming_pool" title="Olympic-size swimming pool">Olympic-size swimming pools</a>," said Jabara.<br />
<br />
Gold prices soared to a record above 1,180 dollars in London on Wednesday hitting 1,180.20 dollars an ounce in trading on the London Bullion Market, after striking a series of historic peaks in recent days and weeks.</div>
<br />
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         <title>Catholic Church in Ireland given immunity for child sexual abuse cover-up, report says</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18660</link>
         <description>&lt;p style=&quot;text-align:left;&quot;&gt;&lt;img src=&quot;http://i.telegraph.co.uk/telegraph/multimedia/archive/01531/church_1531267c.jpg&quot;/&gt;&lt;/p&gt;
&lt;br /&gt;
&lt;div&gt;&lt;i&gt;The &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://en.wikipedia.org/wiki/Roman_Catholicism_in_Ireland&quot; title=&quot;Roman Catholicism in Ireland&quot;&gt;Catholic Church in Ireland&lt;/a&gt; was granted immunity to cover up &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://en.wikipedia.org/wiki/Child_sexual_abuse&quot; title=&quot;Child sexual abuse&quot;&gt;child sex abuse&lt;/a&gt; am&lt;/i&gt;&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen/Everyones_Blog_Posts_-_The_Watchmen-Catholic_Church_in_Ireland_given_immunity_for_child_sexual_abuse_cover-up_report_says.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Thu, 26 Nov 2009 09:13:29 -0800</pubDate>
         <content:encoded><![CDATA[<p style="text-align:left;"><img src="http://i.telegraph.co.uk/telegraph/multimedia/archive/01531/church_1531267c.jpg"/></p>
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<div>
<i>The <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Roman_Catholicism_in_Ireland" title="Roman Catholicism in Ireland">Catholic Church in Ireland</a> was granted immunity to cover up <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Child_sexual_abuse" title="Child sexual abuse">child sex abuse</a> among <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Catholic_sex_abuse_cases" title="Catholic sex abuse cases">paedophile priests</a> in <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=53.3477777778,-6.25972222222&amp;spn=0.1,0.1&amp;q=53.3477777778,-6.25972222222%20%28Dublin%29&amp;t=h" title="Dublin">Dublin</a>, a damning report has revealed.</i><br />
<br />
Authorities enjoyed a cosy relationship with the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Catholic_Church" title="Catholic Church">Church</a> and did not enforce the law as four archbishops, obsessed with secrecy and avoiding scandal, protected abusers and reputations at all costs, the report said..<br />
<br />
Hundreds of crimes against children from the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/1960s" title="1960s">1960s</a> to the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/1990s" title="1990s">1990s</a> were not reported while <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Police" title="Police">police</a> treated <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Clergy" title="Clergy">clergy</a> as though they were above the law.<br />
<br />
In a three-year inquiry, the Commission to Inquire into the Dublin Archdiocese uncovered a sickening tactic of ''don't ask, don't tell'' throughout the Church.<br />
<br />
''The Commission has no doubt that clerical child <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Sexual_abuse" title="Sexual abuse">sexual abuse</a> was covered up by the Archdiocese of Dublin and other Church authorities,'' it said.<br />
<br />
''The structures and rules of the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Catholic_Church" title="Catholic Church">Catholic Church</a> facilitated that cover-up.<br />
<br />
''The State authorities facilitated that cover-up by not fulfilling their responsibilities to ensure that the law was applied equally to all and allowing the Church institutions to be beyond the reach of the normal law enforcement processes.''<br />
<br />
Four archbishops - <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/John_Charles_McQuaid" title="John Charles McQuaid">John Charles McQuaid</a> who died in 1973, Dermot Ryan who died in 1984, <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Kevin_McNamara_%28archbishop%29" title="Kevin McNamara (archbishop)">Kevin McNamara</a> who died in 1987, and retired <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Desmond_Connell" title="Desmond Connell">Cardinal Desmond Connell</a> - did not hand over information on abusers.<br />
<br />
The first files were handed over by the Cardinal in 1995 but even then he had records of complaints against at least 28 priests.<br />
<br />
The primary loyalty of bishops and archbishops is to the Church, the report said.<br />
<br />
Bishop James Kavanagh, Bishop Dermot O'Mahony, Bishop Laurence Forristal, Bishop Donal Murray and disgraced <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Brendan_Comiskey" title="Brendan Comiskey">Bishop Brendan Comiskey</a>, a reformed alcoholic who failed to control paedophile priests when in charge of the Ferns Diocese, all knew about child abuse for many years.<br />
<br />
The inquiry, headed by Judge Yvonne Murphy, said the hierarchy cannot claim they did not know that child sex abuse was a crime.<br />
<br />
Cardinal Connell was credited for instigating two secret canon law trials which took place over the 30-year period and led to two priests being defrocked.<br />
<br />
Monsignor Gerard Sheehy, a powerful figure in the Catholic Archdiocese, one of the largest in Europe, fought to prevent the internal prosecutions.<br />
<br />
Religious orders, for example the Columbans, had clear knowledge of complaints dating back to the early 1970s.<br />
<br />
Parts of the 700-page report have been censored to prevent pending or potential prosecutions of abusers being prejudiced with references to two priests, and one of the cleric's brothers, removed.<br />
<br />
While the Dublin Archdiocese inquiry found no evidence of a paedophile ring, some of the most shocking findings included:<br />
<br />
* One priest admitted sexually abusing more than 100 children;<br />
<br />
* Another accepted he <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Child_abuse" title="Child abuse">abused</a> on a fortnightly basis during his 25-year ministry;<br />
<br />
* One complaint was made against a priest who later admitted abusing at least six other children;<br />
<br />
* It took police 20 years to decide on a prosecution of one priest.<br />
<br />
The inquiry said it uncovered inappropriate contacts between authorities and the Archdiocese.<br />
<br />
Allegations were made against one priest, known as Fr Edmondus, but Garda Commissioner Daniel Costigan handed the case to Archbishop McQuaid and took no other action.<br />
<br />
The inquiry also warned of inappropriate relations between some senior police and priests in two other cases.<br />
<br />
''A number of very senior members of the gardai, including the Commissioner (Costigan) in 1960, clearly regarded priests as being outside their remit,'' the report said.<br />
<br />
''There are some examples of gardai actually reporting complaints to the Archdiocese instead of investigating them.<br />
<br />
''It is fortunate that some junior members of the force did not take the same view.''<br />
<br />
The inquiry, which was looking at a sample of 46 priests dating back to 1975 but took its review back as far as the 1940s, outlined an insurance scheme for victims set up by the Archdiocese in 1987.<br />
<br />
Church files show at the time Archbishops McNamara, Ryan and McQuaid had, between them, information on complaints against at least 17 priests.<br />
<br />
The Commission said it proved the hierarchy knew the sex abuse scandals would cost the Church dearly.<br />
<br />
''The taking out of insurance was proving knowledge of child sex abuse as a major cost to the Archdiocese and is inconsistent with the view that archdiocesan officials were still 'on a learning curve' at a much later date, or were lacking in an appreciation of the phenomenon of clerical child sex abuse,'' it said.<br />
<br />
"The Archdiocese was pre-occupied until the mid-1990s with maintaining secrecy, avoiding scandal, protecting the reputation of the Church and preservation of assets.<br />
<br />
"All other concerns, including the damage done to young victims, came second," the report said.<br />
<br />
''The welfare of the children, which should have been the first priority, was not even a factor to be considered in the early days,'' the Commission said.</div>
<br />
<a rel="nofollow" target="_blank" href="http://www.telegraph.co.uk/news/newstopics/religion/6662086/Catholic-Church-in-Ireland-given-immunity-for-child-sexual-abuse-cover-up-report-says.html">The Telegraph</a><br />
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         <title>Vatican official explains that Anglican conversions are fruit of authentic ecumenism</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18658</link>
         <description>&lt;div&gt;Vatican City, Nov 23, 2009 / 01:22 pm (CNA).- Cardinal &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://en.wikipedia.org/wiki/Walter_Kasper&quot; title=&quot;Walter Kasper&quot;&gt;Walter Kasper&lt;/a&gt;, president of the &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://en.wikipedia.org/wiki/Pontifical_Council_for_Promoting_Christian_Unity&quot; title=&quot;Pontifical Council for Promoting Christian Unity&quot;&gt;Pontifical Council&lt;/a&gt; for Christian Unity, explained last week that the entrance of&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen/Everyones_Blog_Posts_-_The_Watchmen-Vatican_official_explains_that_Anglican_conversions_are_fruit_of_authentic_ecumenism.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Wed, 25 Nov 2009 06:28:11 -0800</pubDate>
         <content:encoded><![CDATA[<div>
Vatican City, Nov 23, 2009 / 01:22 pm (CNA).- Cardinal <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Walter_Kasper" title="Walter Kasper">Walter Kasper</a>, president of the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Pontifical_Council_for_Promoting_Christian_Unity" title="Pontifical Council for Promoting Christian Unity">Pontifical Council</a> for Christian Unity, explained last week that the entrance of <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.anglicancommunion.org/" title="Anglican Communion">Anglicans</a> into the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Catholic_Church" title="Catholic Church">Catholic Church</a> is the fruit of authentic <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Ecumenism" title="Ecumenism">ecumenism</a> inspired by the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Second_Vatican_Council" title="Second Vatican Council">Second Vatican Council</a>.<br />
<br />
On the eve of a scheduled meeting between <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Pope_Benedict_XVI" title="Pope Benedict XVI">Pope Benedict XVI</a> and the leader of the Anglican Church, <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Rowan_Williams" title="Rowan Williams">Archbishop Rowan Williams</a>, Cardinal Kasper commented on the openness of the Catholic Church to Anglicans who asked to be admitted into <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Full_communion" title="Full communion">full communion</a>.<br />
<br />
Ecumenism is not an “option” that the Church can accept or reject but is rather “a sacred duty,” he said.<br />
<br />
“Ecumenism is not an appendix of our pastoral obligations or a luxury. The principles of the Vatican II decree ‘Unitatis redintegratio,’ that is, ecumenism in truth and love, are also valid for the future. This decree is the magna carta of our ecumenical journey towards the future,” the cardinal said.<br />
<br />
The decree "<a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Unitatis_Redintegratio" title="Unitatis Redintegratio">Unitatis redintegratio</a>” states that “promoting the restoration of unity between all Christians is one of the main ends proposed by the sacrosanct Vatican Council II,” he added.<br />
<br />
Cardinal Kasper added that the effort to reach out to Anglicans is in complete conformity with the decree, “which distinguishes between conversions and ecumenism as dialogue with the other churches for the purpose of full communion.”<br />
<br />
He reiterated that the decree does not represent “a new ecumenism,” but rather the fruit of the ecumenical dialogue of recent decades, “a strong drive to move ahead in our ecumenical commitment.”<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.catholicnewsagency.com/new.php?n=17799">http://www.catholicnewsagency.com/new.php?n=17799</a></div>
<br />
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         <title>Cardinal Rouco urges restraint of government intrusion</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18657</link>
         <description>&lt;div&gt;&lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://maps.google.com/maps?ll=40.3833333333,-3.71666666667&amp;amp;spn=0.1,0.1&amp;amp;q=40.3833333333,-3.71666666667%20%28Madrid%29&amp;amp;t=h&quot; title=&quot;Madrid&quot;&gt;Madrid&lt;/a&gt;, &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://maps.google.com/maps?ll=40.4333333333,-3.7&amp;amp;spn=10.0,10.0&amp;amp;q=40.4333333333,-3.7%20%28Spain%29&amp;amp;t=h&quot; title=&quot;Spain&quot;&gt;Spain&lt;/a&gt;, Nov 23, 2009 / 10:14 pm (CNA).- During the&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen/Everyones_Blog_Posts_-_The_Watchmen-Cardinal_Rouco_urges_restraint_of_government_intrusion.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Wed, 25 Nov 2009 06:26:18 -0800</pubDate>
         <content:encoded><![CDATA[<div>
<a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=40.3833333333,-3.71666666667&amp;spn=0.1,0.1&amp;q=40.3833333333,-3.71666666667%20%28Madrid%29&amp;t=h" title="Madrid">Madrid</a>, <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=40.4333333333,-3.7&amp;spn=10.0,10.0&amp;q=40.4333333333,-3.7%20%28Spain%29&amp;t=h" title="Spain">Spain</a>, Nov 23, 2009 / 10:14 pm (CNA).- During the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/11th_United_States_Congress" title="11th United States Congress">Eleventh Congress</a> on <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Catholic_Church" title="Catholic Church">Catholics</a> and Public Life, which was held last week in Madrid, the city's <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Archbishop" title="Archbishop">Archbishop</a> and <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/President" title="President">President</a> of the Bishops’ Conference of Spain, Cardinal <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Antonio_Mar%C3%ADa_Rouco_Varela" title="Antonio Mar&#xED;a Rouco Varela">Antonio Maria Rouco Varela</a>, warned that politicians must not “intrude” in all aspects of society.<br />
<br />
In his remarks opening the event, Cardinal Rouco said the major issues facing politicians today are related to <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Human_rights" title="Human rights">fundamental rights</a>, as well as the principle of sovereignty and its relationship to the common good. Regarding the first point, the cardinal pointed to how the right to life is treated by practically all of the European governments. In his opinion, this “calls into question” the way in which the right is understood.<br />
<br />
Regarding sovereignty, the cardinal wondered whether sovereignty could be set aside from the ethical values of society and still exist. Finally, he addressed the significance of the common good. “Much is already gained if it is stated that the common good is the good of almost everyone, and that it has to do with the fundamental goods of the person,” he added.<br />
<br />
Cardinal Rouco closed his remarks by reading a telegram from <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Pope_Benedict_XVI" title="Pope Benedict XVI">Pope Benedict XVI</a>, who offered his prayers for the event and said he hoped the congress would promote Christian values in society and in <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Politics" title="Politics">politics</a>.</div>
<br />
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         <title>Pope, Anglican leader pledge to continue dialogue for unity</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18656</link>
         <description>&lt;div&gt;By Cindy Wooden
&lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_EZDNFmRKbZ&quot; target=&quot;_blank&quot; href=&quot;http://www.catholicnews.com/data/stories/cns/0905214.htm&quot; name=&quot;aptureLink_EZDNFmRKbZ&quot;&gt;Catholic News Service&lt;/a&gt;&lt;br /&gt;
&lt;br /&gt;
VATICAN CITY (CNS) -- While some pundits have sounded the death knell for &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://en.wikipedia.org/wiki/Ecumenism&quot; title=&quot;Ecumenism&quot;&gt;ecumenical&lt;/a&gt; relations between the&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen/Everyones_Blog_Posts_-_The_Watchmen-Pope_Anglican_leader_pledge_to_continue_dialogue_for_unity.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Wed, 25 Nov 2009 06:24:33 -0800</pubDate>
         <content:encoded><![CDATA[<div>
By Cindy Wooden<br />
<a rel="nofollow" id="aptureLink_EZDNFmRKbZ" target="_blank" href="http://www.catholicnews.com/data/stories/cns/0905214.htm" name="aptureLink_EZDNFmRKbZ">Catholic News Service</a><br />
<br />
VATICAN CITY (CNS) -- While some pundits have sounded the death knell for <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Ecumenism" title="Ecumenism">ecumenical</a> relations between the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Catholic_Church" title="Catholic Church">Roman Catholic Church</a> and the <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.anglicancommunion.org/" title="Anglican Communion">Anglican Communion</a>, <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Pope_Benedict_XVI" title="Pope Benedict XVI">Pope Benedict XVI</a> and <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Rowan_Williams" title="Rowan Williams">Archbishop Rowan Williams</a> of Canterbury, the Anglican spiritual leader, pledged to move forward.<br />
<br />
The pope and archbishop met privately at the Vatican for about 20 minutes Nov. 21.<br />
<br />
A Vatican statement said the two leaders reiterated "the shared will to continue and to consolidate the ecumenical relationship between Catholics and Anglicans."<br />
<br />
And, it said, they discussed the work their representatives were to begin Nov. 23 preparing for a third round of study by the Anglican-Roman Catholic International Commission, the body for official theological dialogue.<br />
<br />
The statement said the two leaders discussed "recent events affecting relations between the Catholic Church and Anglican Communion," a reference to Pope Benedict's apostolic constitution establishing "personal ordinariates" -- structures similar to dioceses -- for Anglicans who want to enter full communion with the Roman Catholic Church while maintaining some of their Anglican heritage.<br />
<br />
The announcement appeared to cause some tension, mainly because Archbishop Williams was not informed about the papal provision until shortly before it was announced publicly in late October.<br />
<br />
Despite the Vatican's clear statements that the move was a pastoral response to people who contacted the Vatican seeking to become Catholic, many headlines treated it as the Vatican taking unfair advantage of tensions within the Anglican Communion over the ordination of women as priests and bishops.<br />
<br />
In an interview Nov. 21 with Vatican Radio, Archbishop Williams said he told the pope that the way the announcement was handled "put us in an awkward position," but he also said media presentations of the announcement as a "dawn raid on the Anglican Communion" were simply wrong.<br />
<br />
"People become Roman Catholics because they want to become Roman Catholics, because their consciences are formed in a certain way and they believe this is the will of God for them. And I wish them every blessing in that," the archbishop said.<br />
<br />
"But I don't think it's a question of the Roman Catholic Church as it were trying to attract by advertising or by special offers," he said, adding that for that reason "I don't particularly worry about it."<br />
<br />
Asked for the pope's reaction, the archbishop said, "the main message was that the constitution did not represent any change in the Vatican's attitude toward the Anglican Communion as such."<br />
<br />
As for the issue of ordaining openly gay men and blessing gay marriages, which a few Anglican provinces have done, Archbishop Williams told Vatican Radio the official policy of the Anglican Communion remains opposed to such practices.<br />
<br />
"We have to keep considering this, praying about it (and) reflecting without creating too many facts on the ground that pretend the debate is settled," he told the radio. At the same time, he said, it must be done in a way that shows how much "we value and appreciate the contribution made already by many faithful gay and lesbian people who serve as clergy and laity in the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Christian_Church" title="Christian Church">church</a>."<br />
<br />
Cardinal <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Walter_Kasper" title="Walter Kasper">Walter Kasper</a>, president of the Pontifical Council for Promoting Christian Unity, and Archbishop Williams both said they thought the next topic to be treated by <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Anglican_Roman_Catholic_International_Commission" title="Anglican Roman Catholic International Commission">ARCIC</a> would be the relationship between the local and universal church.<br />
<br />
Archbishop Williams told Vatican Radio that if ARCIC studied the topic, the question of the ordination of women probably would come up, at least in the context of the decision-making authority of local dioceses or provinces.<br />
<br />
In a speech Nov. 19 at Rome's Pontifical Gregorian University, the archbishop said 40 years of ecumenical dialogue involving Catholics, <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Orthodox_Church" title="Orthodox Church">Orthodox</a> and Anglicans have challenged a "simplistic opposition" between the local and universal church "as if the choice were between a conglomerate of local and almost randomly diverse communities vaguely federated together and a monolithic global corporation."<br />
<br />
But, he said, ecumenically there still is a question regarding whether "there is a mechanism in the church that has the clear right to determine for all where the limits of Christian identity might be found," and whether "the integrity of the church (is) ultimately dependent on a single identifiable ministry of <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Pontifical_Council_for_Promoting_Christian_Unity" title="Pontifical Council for Promoting Christian Unity">unity</a> (the papacy) to which all local ministries are accountable."<br />
<br />
In the end, the archbishop said in his speech, the question can be formed as: Is the universal church "an entity from which local churches derive their life, or is it the perfect mutuality of relationship between local churches?"<br />
<br />
Theological debates over the relationship between the universal church and the local church are not new. In fact, for several years beginning in the late 1990s, Cardinal Kasper and the then-Cardinal Joseph Ratzinger, now Pope Benedict, conducted a vigorous debate on the theme in public speeches and in theological journals and magazines, including the Jesuit-run America magazine.<br />
<br />
Cardinal Kasper opposed what he called a "one-sided emphasis" on the universal church and a corresponding decline in the authority of local bishops around the world.<br />
<br />
Cardinal Ratzinger argued that one could not deny the primacy of the universal church over the local church, especially because the church is a reality that transcends geographical limits.<br />
<br />
In the end, the future pope said that if the argument is understood properly, differences "can and perhaps should coexist peacefully."</div>
<br />
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         <title>Church Fights for Assets, Members and Legitimacy</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18654</link>
         <description>&lt;div&gt;&lt;i&gt;As Episcopal Parishes and Dioceses Break From the National Body, Ugly Court Battles Over Valued Property Have Followed&lt;/i&gt;
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When the members of St. Luke's of the Mountains Church in La Crescenta, Calif., voted in 2006 to leave the Episcopal Church, they never meant they wanted to leave their church.&lt;br /&gt;
&lt;br /&gt;
But last month, they got notice they were being evicted from the 80-year-old stone structure that had been their spiritual home.&lt;br /&gt;
&lt;br /&gt;
The congregants lost a long legal fight for&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen/Everyones_Blog_Posts_-_The_Watchmen-Church_Fights_for_Assets_Members_and_Legitimacy.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Wed, 25 Nov 2009 06:15:45 -0800</pubDate>
         <content:encoded><![CDATA[<div>
<i>As Episcopal Parishes and Dioceses Break From the National Body, Ugly Court Battles Over Valued Property Have Followed</i><br />
<br />
When the members of St. Luke's of the Mountains Church in La Crescenta, Calif., voted in 2006 to leave the Episcopal Church, they never meant they wanted to leave their church.<br />
<br />
But last month, they got notice they were being evicted from the 80-year-old stone structure that had been their spiritual home.<br />
<br />
The congregants lost a long legal fight for their building when a court ruled that the national Episcopal Church, which represents the world-wide <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Anglicanism" title="Anglicanism">Anglican</a> Communion in the <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=38.8833333333,-77.0166666667&amp;spn=10.0,10.0&amp;q=38.8833333333,-77.0166666667%20%28United%20States%29&amp;t=h" title="United States">U.S.</a>, and the local diocese were the rightful owners of the property -- not the breakaway leaders.<br />
<br />
"For many of us, leaving here will be one of the most difficult things we have ever done for God," Rev. Rob Holman said in his last sermon in the building before renting the <b>Seventh Day Adventist Church</b> nearby.<br />
<br />
In the past few years, individual parishes and four dioceses in the U.S. have voted to split from the Episcopal Church, which had about two million members before the split. In June, some of these groups officially founded a rival province, the Anglican Church in North America, which includes some 742 parishes.<br />
<br />
The schism reflects arguments over church doctrine, such as the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Ordination_of_women" title="Ordination of women">ordination of women</a> priests and the elevation of an openly gay bishop in 2003. Each side argues it best embodies the values and beliefs of the Anglican Communion. The breakaway groups say they are holding true to the Anglican understanding of theology, as the U.S. Episcopal Church moves to the left. The national body says its positions may change over time, but the tenets of the denomination guide those actions.<br />
<br />
The split has triggered some ugly battles over the assets. In <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Lawsuit" title="Lawsuit">civil courts</a> nationwide, breakaway parishes are fighting local dioceses and the national Episcopal Church for church property, including financial accounts and endowments. A spokeswoman for the Episcopal Church said she couldn't give an estimate for the value of all church property because there are more than 7,100 congregations. The national body has argued that when <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Local_church" title="Local church">local churches</a> became its affiliates, they agreed to abide by its rules, including rules about property ownership.<br />
<br />
The U.S. courts aren't taking a position about which faction is more legitimate -- unlike in Britain, where courts have generally considered which group held more closely to the church's original doctrine. The <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=38.8907083333,-77.0043444444&amp;spn=1.0,1.0&amp;q=38.8907083333,-77.0043444444%20%28Supreme%20Court%20of%20the%20United%20States%29&amp;t=h" title="Supreme Court of the United States">U.S. Supreme Court</a>, as far back as 1871 and in subsequent cases as recently as 1979, has held that the courts shouldn't get involved in doctrinal disputes. In practice, that meant most times the national church would win such disputes.<br />
<br />
Shortly after the 1979 case, the Episcopal Church adopted the "<a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Dennis_Canon" title="Dennis Canon">Dennis Canon</a>," which says the national church and the local diocese have a "trust interest" in all local church properties. That trust interest, which says broadly that all parish property is held in trust for the diocese and the Episcopal Church, specifies that if a parish chooses to leave the national body, it must give up control of its property.<br />
<br />
Some breakaway churches argue that the Dennis Canon is invalid because local parishes never consented to the arrangement.<br />
<br />
Because of the Dennis Canon, courts frequently side with the Episcopal Church. The Episcopal Church was successful in its fight to reassert ownership of the $17 million Grace and St. Stephen's Episcopal Church in Colorado Springs, Colo., after a portion of its congregation voted to secede and took control of the property.<br />
<br />
But state property laws vary, so sometimes local churches prevail. A September opinion from the South Carolina Supreme Court overturned a lower-court ruling and declared a breakaway congregation to be the rightful owner of its 60-acre property in a prestigious resort area.<br />
<br />
Last month, the U.S. Supreme Court declined to intercede in a property dispute between the Episcopal <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Episcopal_Diocese_of_Los_Angeles" title="Episcopal Diocese of Los Angeles">Diocese of Los Angeles</a> and St. James Anglican Church in Newport Beach, Calif., a more conservative congregation that parted ways with the diocese. The case has returned to Orange <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=34.18,-118.26&amp;spn=1.0,1.0&amp;q=34.18,-118.26%20%28Los%20Angeles%20County%2C%20California%29&amp;t=h" title="Los Angeles County, California">County</a> Superior Court.<br />
<br />
The stakes are highest in cases in which entire dioceses split from the Episcopal Church. In the Fort Worth, Texas, area, conservatives, who aligned with the Anglican Church in North America, won the allegiance of about 15,000 of the 19,000 members of the original Episcopal diocese. The conservatives have control of nearly all church buildings and financial accounts. Neither side will estimate the value of the buildings and endowments at stake, beyond saying it is in the "many millions."<br />
<br />
Those loyal to the national Episcopal Church are suing to get the property back. The lawsuit also raises the question of which group may use the name and logo of the Episcopal <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.episcopaldiocesefortworth.org" title="Episcopal Diocese of Fort Worth (Episcopal Church)">Diocese of Fort Worth</a>. Both sides say they are best able to carry on the tradition of the church.<br />
<br />
"We're trying to be faithful stewards of what previous generations of Episcopalians have given to the church in good faith," says Bishop Edwin Gulick Jr., who was appointed by the national Episcopal Church after the break. "They intended those gifts to be used for the mission and ministry of the Episcopal Church."<br />
<br />
The court battles might do more than divide property. They could also determine which side in the theological dispute some congregants take.<br />
<br />
Alice Monson, a 79-year-old member of St. Stephen's Episcopal Church in Hurst, Texas, said she stayed with the conservative faction after the schism in part because it retained control of the sanctuary. She helped paint the Stations of the Cross there. When the church was short of funds, she cut flowers from her home garden to grace the altar.<br />
<br />
"To me, it's home," she said. "It's my church. I will stay here."<br />
<br />
Asked what she would do if the more liberal faction gains control of the church building, Ms. Monson shook her head. "I'm afraid to address that. It's too painful," she said. "We just keep praying and let the courts take care of it."<br />
<br />
In La Crescenta, an unincorporated area in Los Angeles County, the breakaway group renamed itself St. Luke's Anglican Church. Meanwhile, the Episcopal Church is reorganizing in the disputed building under the church's earlier name, St. Luke's of the Mountains.<br />
<br />
On Oct. 18, the church held a reconciliation service. "The message was that everyone is welcome," including members of the breakaway congregation, says Rev. Bryan Jones, the new pastor. "The Episcopal Church never required them to do anything that they in conscience couldn't do."<br />
<br />
That message attracted people like Arthur Braudrick, who used to attend St. Luke's with his wife but stopped going when the church started discussing whether to secede. "Female clergy, gay clergy, those things just aren't issues for us," he says. The tone of the reconciliation service impressed Mr. Braudrick.<br />
<br />
"There was nothing negative said about the people who left," he says. "If that had been said, we probably would not have returned."<br />
<br />
-- Stephanie Simon contributed to this article.<br />
<br />
Write to Amy Merrick at amy.merrick@wsj.com</div>
<br />
<br />
<a rel="nofollow" target="_blank" href="http://online.wsj.com/article/SB125909715655362891.html">http://online.wsj.com/article/SB125909715655362891.html</a>]]></content:encoded>
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         <title>Benedict Woos Artists, Urging ‘Quest for Beauty’</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18655</link>
         <description>&lt;p style=&quot;text-align:left;&quot;&gt;&lt;img src=&quot;http://graphics8.nytimes.com/images/2009/11/22/world/22pope_CA0/popup.jpg&quot;/&gt;&lt;/p&gt;
&lt;br /&gt;
&lt;div&gt;VATICAN CITY — In 1512, Raphael finished his ruminative portrait of Pope &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://en.wikipedia.org/wiki/Pope_Julius_II&quot; title=&quot;Pope Julius II&quot;&gt;Julius II&lt;/a&gt;, who commissioned Michelangelo to paint the&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen/Everyones_Blog_Posts_-_The_Watchmen-Benedict_Woos_Artists_Urging_Quest_for_Beauty.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Wed, 25 Nov 2009 06:00:00 -0800</pubDate>
         <content:encoded><![CDATA[<p style="text-align:left;"><img src="http://graphics8.nytimes.com/images/2009/11/22/world/22pope_CA0/popup.jpg"/></p>
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VATICAN CITY — In 1512, Raphael finished his ruminative portrait of Pope <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Pope_Julius_II" title="Pope Julius II">Julius II</a>, who commissioned Michelangelo to paint the <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=41.9030555556,12.4544444444&amp;spn=0.01,0.01&amp;q=41.9030555556,12.4544444444%20%28Sistine%20Chapel%29&amp;t=h" title="Sistine Chapel">Sistine Chapel</a> <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Sistine_Chapel_ceiling" title="Sistine Chapel ceiling">ceiling</a>. In 1999, the Italian conceptual artist Maurizio Cattelan produced “The Ninth Hour,” a wax sculpture of Pope John Paul II struck down by a meteorite.<br />
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Somewhere along the way, the Vatican’s relations with the art world had clearly gone astray.<br />
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And so in an effort to improve the Catholic Church’s engagement with contemporary artists — and perhaps put a gentler face on a contentious papacy — the Vatican invited more than 250 artists, architects, musicians, directors, writers and composers for an audience on Saturday with <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Pope_Benedict_XVI" title="Pope Benedict XVI">Pope Benedict XVI</a>.<br />
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Sitting before Michelangelo’s “Last Judgment” in the Sistine Chapel, after a choir sang music by Palestrina, Benedict urged them to embark on “a quest for beauty.” In what he called “a cordial, friendly and impassioned appeal,” he told his guests to be “fully conscious of your great responsibility to communicate beauty, to communicate in and through beauty.”<br />
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About half of the 500 invited artists did not attend, including Bono from the rock band U2. But the meeting still seemed a public relations success in light of the fierce controversies that have made this papacy less than loved by the downtown art scene, and made that art scene unbeloved by a pope who decries nihilism and relativism at every turn.<br />
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It was also a triumph for Archbishop Gianfranco Ravasi, the director of the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Pontifical_Council_for_Culture" title="Pontifical Council for Culture">Pontifical Council for Culture</a>, who organized the event and is widely seen as a rising star in the Vatican hierarchy. He is also leading the charge for the Vatican to have its own pavilion at the next Venice Biennale art exhibition in 2011.<br />
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He said the aim of the event on Saturday was “to re-establish a dialogue” between the church and artists “that’s necessary and fertile for both.”<br />
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The artists in attendance seemed genuinely grateful for the opening.<br />
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“It’s quite an emotional experience,” said Zaha Hadid, an Iraqi-born architect whose new Maxxi museum of contemporary art is the most admired new building in Rome in years. The architect Daniel Libeskind called the event an “amazing step.”<br />
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Bill Viola, an American video artist whose work often reinterprets Christian motifs, played down any notion that the Vatican was trying to co-opt artists like him into helping improve its image. For centuries, he said, artists have struggled with “walking that fine line between creative freedom, between bending the rules; how far can you bend the rules before you break them?” Mr. Viola said.<br />
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“There’s real potential for something interesting here,” he said.<br />
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The crowd, which came from around the world but largely from Italy, also included the composers <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.imdb.com/name/nm0001553/" title="Ennio Morricone">Ennio Morricone</a> and Arvo Part, the artists Anish Kapoor and Jannis Kounellis, and the Italian film directors Nanni Moretti and Matteo Garrone.<br />
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The artists received medals from the Vatican and feasted on a banquet, with the renowned sculpture of Augustus of Prima Porta as a backdrop.<br />
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The Italian artist Mimmo Paladino suggested that it was now up to the Vatican, not artists, to turn the dialogue into a reality, perhaps even by commissioning art.<br />
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“I wouldn’t rule it out,” Archbishop Ravasi said. “But we’re not in the Renaissance.”<br />
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Pope and Anglican Leader Meet<br />
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VATICAN CITY — A month after the Vatican announced the creation of a new Anglican rite within the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Catholic_Church" title="Catholic Church">Roman Catholic Church</a>, Pope Benedict XVI on Saturday met with the Most Rev. <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Rowan_Williams" title="Rowan Williams">Rowan Williams</a>, the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Archbishop_of_Canterbury" title="Archbishop of Canterbury">archbishop of Canterbury</a> and spiritual leader of the <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.anglicancommunion.org/" title="Anglican Communion">Anglican Communion</a>.<br />
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In a statement, the Vatican called the meeting “cordial.”<br />
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Relations between the churches have been tense since the Vatican announced the new structure, aimed at traditionalist Anglicans uncomfortable with the Anglican Church’s ordination of female and gay clergy members, which will allow Anglicans to join the Catholic Church.<br />
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In an interview with Vatican Radio, Archbishop Williams said he had wanted to tell the pope his “concerns” about the new structure. “Clearly many Anglicans, myself included, felt that it put us in an awkward position for a time,” he said.<br />
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Both sides expressed a commitment to continuing ecumenical dialogue. Benedict gave Archbishop Williams a pectoral cross, a sign of respect.<br />
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<a rel="nofollow" target="_blank" href="http://www.nytimes.com/2009/11/22/world/europe/22pope.html?_r=1">http://www.nytimes.com/2009/11/22/world/europe/22pope.html?_r=1</a></div>
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         <title>US GDP growth revised down to 2.8%</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7731</link>
         <description>&lt;div&gt;The US economy grew less than previously thought in the third quarter, as consumer spending was softer than estimated, but the US housing market showed continued signs of strength, figures revealed on Tuesday.
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US &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://en.wikipedia.org/wiki/Gross_domestic_product&quot; title=&quot;Gross domestic product&quot;&gt;gross domestic product&lt;/a&gt; grew at an adjusted annual rate of 2.8 per cent, the commerce department said on Tuesday. Last month the comme&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen-finance-and-tec/Everyones_Blog_Posts_-_The_Watchmen_Finance_and_Te-US_GDP_growth_revised_down_to_28.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Tue, 24 Nov 2009 08:07:18 -0800</pubDate>
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The US economy grew less than previously thought in the third quarter, as consumer spending was softer than estimated, but the US housing market showed continued signs of strength, figures revealed on Tuesday.<br />
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US <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Gross_domestic_product" title="Gross domestic product">gross domestic product</a> grew at an adjusted annual rate of 2.8 per cent, the commerce department said on Tuesday. Last month the commerce department originally estimated that GDP grew by 3.5 per cent, breaking a dire stretch of four consecutive quarters of contraction.<br />
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The revision was in line with economists’ estimates and reflected weaker consumption, a rise in imports and slimmer non-residential investment. Consumer spending grew by 2.9 per cent, down from the 3.4 per cent that was originally reported.<br />
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In spite of the weaker spending, the economy was still boosted by a greater demand for durable goods such as vehicles, thanks to the popular ‘cash-for-clunkers’ car rebate scheme. US businesses also trimmed inventories at a slower rate than in the previous quarter.<br />
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The return to growth, which came after the longest and deepest period of contraction since the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Great_Depression" title="Great Depression">Great Depression</a>, has translated into greater profits for companies.<br />
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In the third quarter, corporate profits rose by 13.4 per cent, beating the most bullish estimates. It was the strongest performance for businesses since 2004, as aggressive job cuts and restructuring squeezed more productivity from workers. US financial companies saw a 36.4 increase in their profits during the quarter.<br />
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“Higher productivity, lower unit labour costs and as we see now, an increase in profitability that in turn will leave the corporate sector better able to self finance a recovery, as long as the lack of hiring does not kill the golden goose, the US consumer,” said Alan Ruskin, a strategist at RBS Greenwich Capital.<br />
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The GDP figures come a week after <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Ben_Bernanke" title="Ben Bernanke">Ben Bernanke</a>, chairman of the <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.federalreserve.gov/" title="Federal Reserve System">Federal Reserve</a>, said that he did not see asset bubbles forming in the US, in spite of the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Stock_market" title="Stock market">stock market</a> rally. However, <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.whitehouse.gov/" title="Barack Obama">Barack Obama</a>, US president, warned that mounting public debt remains a risk to the economy and that without “urgent steps” to correct the problem a “double-dip” <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Recession" title="Recession">recession</a> was possible.<br />
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Meanwhile, the US housing market, which was once an anvil weighing on the economy, has showed continued signs of strength. The closely watched <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.wikinvest.com/stock/S%26P/Case-Shiller_Home_Price_Indices_%28CSX/Y-CM%29" title="S&amp;P/Case-Shiller Home Price Indices (CSX/Y-CM)">Case-Shiller home price index</a> showed that US home prices in the biggest US cities rose by 0.3 per cent from August to September. It was the fifthe straight month of price increases, as the housing market’s recovery continues to hold its momentum.<br />
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Compared with a year ago, home prices are off by 9.4 per cent. That marks the smallest annual decline in nearly two years.<br />
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David Blitzer, chairman of the index committee at Standard &amp; Poor’s, which publishes the figures, said that the US residential <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Real_estate" title="Real estate">real estate market</a> was enjoying “broad improvement”, but that the rate of home price increases was not as strong in September as it was during the summer months.<br />
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Detroit, Minneapolis, Chicago and San Francisco showed the strongest monthly price increases in September, while Cleveland and <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=36.175,-115.136388889&amp;spn=0.1,0.1&amp;q=36.175,-115.136388889%20%28Las%20Vegas%2C%20Nevada%29&amp;t=h" title="Las Vegas, Nevada">Las Vegas</a> were the weakest.<br />
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The recovery in the housing market, which was a major drag pulling the economy into recession has shown some signs of continued volatility in recent weeks. Housing starts were weaker than expected and rates of foreclosure and delinquency remain near record highs, but the first-time homebuyer tax credit, which was recently extended into next year, has continued to spur sales.<br />
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<a rel="nofollow" target="_blank" href="http://www.ft.com/cms/s/0/2b70671c-d8fa-11de-99ce-00144feabdc0.html?nclick_check=1">http://www.ft.com/cms/s/0/2b70671c-d8fa-11de-99ce-00144feabdc0.html?nclick_check=1</a></div>
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         <title>Employees in recession are eyeing your top secrets</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7729</link>
         <description>&lt;div&gt;LONDON (&lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://www.reuters.com/article/smallBusinessNews/idUSTRE5AM4D220091123&quot;&gt;Reuters&lt;/a&gt;) - Almost half the financial sector workers in London and &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://maps.google.com/maps?ll=40.7166666667,-74.0&amp;amp;spn=0.1,0.1&amp;amp;q=40.7166666667,-74.0%20%28New%20York%20City%29&amp;amp;t=h&quot; title=&quot;New York City&quot;&gt;New York&lt;/a&gt; say they would take sensitive company information with them if they were fired, according to&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen-finance-and-tec/Everyones_Blog_Posts_-_The_Watchmen_Finance_and_Te-Employees_in_recession_are_eyeing_your_top_secrets.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Tue, 24 Nov 2009 06:30:00 -0800</pubDate>
         <content:encoded><![CDATA[<div>
LONDON (<a rel="nofollow" class="zem_slink" target="_blank" href="http://www.reuters.com/article/smallBusinessNews/idUSTRE5AM4D220091123">Reuters</a>) - Almost half the financial sector workers in London and <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=40.7166666667,-74.0&amp;spn=0.1,0.1&amp;q=40.7166666667,-74.0%20%28New%20York%20City%29&amp;t=h" title="New York City">New York</a> say they would take sensitive company information with them if they were fired, according to a new transatlantic survey.<br />
<br />
The poll of 600 office workers in <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=51.5036111111,-0.0183333333333&amp;spn=0.01,0.01&amp;q=51.5036111111,-0.0183333333333%20%28Canary%20Wharf%29&amp;t=h" title="Canary Wharf">Canary Wharf</a> in London and <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=40.7063888889,-74.0094444444&amp;spn=0.01,0.01&amp;q=40.7063888889,-74.0094444444%20%28Wall%20Street%29&amp;t=h" title="Wall Street">Wall Street</a> in New York by management specialists <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.cyber-ark.com/" title="Cyber-Ark">Cyber-Ark</a> revealed that 41 percent of respondents had taken sensitive data with them to their new position<br />
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A third also said they would pass on company information if it proved useful in getting friends or family a job.<br />
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Nearly 50 percent said that if they were fired tomorrow they would take company information with them, and 39 percent would download company/competitive information if they got wind that their job was at risk.<br />
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And a quarter of workers said that the recession has meant that they feel less loyal toward their employer.<br />
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"While we are seeing glimmers of hope in the <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=51.5,-0.116666666667&amp;spn=10.0,10.0&amp;q=51.5,-0.116666666667%20%28United%20Kingdom%29&amp;t=h" title="United Kingdom">UK</a> and <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Economy_of_the_United_States" title="Economy of the United States">US economy</a>, clearly employee confidence has been rocked," UK Director of Cyber-Ark Mark Fullbrook said in a statement.<br />
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"This survey shows that many workers are willing to do practically anything to ensure <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Job_security" title="Job security">job security</a> or make themselves more marketable - including committing a crime."<br />
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Top of the hit list for data thieves was customer and contact details at 29 percent, followed by plans and proposals at 18 percent and product information at 11 percent.<br />
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Thirteen percent who said they would pilfer data would also take password codes to continue getting into the network after they've left the company.<br />
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More than 30 percent said they would take a peek at the redundancy list to find out if their name was on it, choosing to bribe a mate in the HR department first.<br />
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The survey also showed that 85 percent of respondents admitted they knew it is illegal to download corporate information from their employer.<br />
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More than half said it has become a lot easier to take sensitive information from under their bosses noses this year, up from 29 percent last year.<br />
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The survey also highlighted differences between British and <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=38.8833333333,-77.0166666667&amp;spn=10.0,10.0&amp;q=38.8833333333,-77.0166666667%20%28United%20States%29&amp;t=h" title="United States">U.S.</a> workers in the recession.<br />
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Just over a quarter of British <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Employment" title="Employment">employees</a> said they were prepared to work 80 hours a week to keep their jobs, while only 12 percent of U.S. workers suggested they would work that much harder to keep their jobs.<br />
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The poll also showed that only 20 percent of British respondents were prepared to take a salary cut to keep their jobs compared to 50 percent of U.S. workers. (Reporting by Paul Casciato, editing by Patricia Reaney)</div>
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         <title>Imports restrain U.S. growth in Q3</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7730</link>
         <description>&lt;div&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://www.reuters.com/article/newsOne/idUSN2429697120091124&quot;&gt;WASHINGTON (Reuters)&lt;/a&gt; - The &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://en.wikipedia.org/wiki/Economy_of_the_United_States&quot; title=&quot;Economy of the United States&quot;&gt;U.S. economy&lt;/a&gt; grew more slowly than initially thought in the third quarter, held back by strong imports and weak investment in nonresidential structures, hinting at a lackluster recovery.
Corporate profits surged, howe&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen-finance-and-tec/Everyones_Blog_Posts_-_The_Watchmen_Finance_and_Te-Imports_restrain_US_growth_in_Q3.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Tue, 24 Nov 2009 06:30:00 -0800</pubDate>
         <content:encoded><![CDATA[<div><a rel="nofollow" target="_blank" href="http://www.reuters.com/article/newsOne/idUSN2429697120091124">WASHINGTON (Reuters)</a> - The <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Economy_of_the_United_States" title="Economy of the United States">U.S. economy</a> grew more slowly than initially thought in the third quarter, held back by strong imports and weak investment in nonresidential structures, hinting at a lackluster recovery.
<br />
Corporate profits surged, however, as businesses managed to ramp up output even as they were still sharply cutting payrolls, a report from the <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=38.8943,-77.0328&amp;spn=0.01,0.01&amp;q=38.8943,-77.0328%20%28United%20States%20Department%20of%20Commerce%29&amp;t=h" title="United States Department of Commerce">Commerce Department</a> showed on Tuesday.<br />
<br />
In its second reading of third-quarter <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Gross_domestic_product" title="Gross domestic product">gross domestic product</a>, the department said the economy grew at a 2.8 percent annual rate, rather than the 3.5 percent pace it estimated last month.<br />
<br />
That was a touch below market expectations for a <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Economic_growth" title="Economic growth">growth</a> pace of 2.9 percent. It was still the fastest pace since the third quarter of 2007. GDP measures total goods and services output within U.S. borders.<br />
<br />
"This demonstrates that the rebound was a little bit more subdued than the first print had suggested and highlights some of the headwinds to growth that could continue," said Julia Coronado, senior U.S. <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Economics" title="Economics">economist</a> at <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.bnpparibas.com/" title="BNP Paribas">BNP Paribas</a> in <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=40.7166666667,-74.0&amp;spn=0.1,0.1&amp;q=40.7166666667,-74.0%20%28New%20York%20City%29&amp;t=h" title="New York City">New York</a>.<br />
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U.S. stock index futures pared gains following the report, while Treasury debt prices rose slightly.<br />
<br />
The return to growth after four straight quarters of decline in output probably ended the most painful U.S. <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Recession" title="Recession">recession</a> in 70 years. The economy contracted at a 0.7 percent rate in the April-June period.<br />
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Surging imports, which outpaced the growth in exports, restrained the economic growth rate in the third quarter. Imports jumped 20.8 percent, the biggest gain since the second quarter of 1985, instead of 16.4 percent. They knocked 2.53 percentage points off real GDP, the department said.<br />
<br />
Another drag on GDP came from the construction of nonresidential structures, which dropped 15.1 percent in the last quarter rather than 9.0 percent, highlighting the problems in the <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.wikinvest.com/industry/Commercial_Real_Estate" title="Commercial Real Estate">commercial property</a> market. That shaved just over half a percentage point off GDP.<br />
<br />
Businesses reduced accumulated stocks of unsold goods in the last quarter at a slightly faster rate than had been anticipated. <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Business" title="Business">Business</a> inventories fell $133.4 billion rather than the $130.8 billion the government estimated in October.<br />
<br />
The decline was still a slowdown from the record $160.2 billion plunge in the second quarter. The change in inventories added 0.87 percentage points to real GDP in the third quarter.<br />
<br />
The slide in inventories is potentially a positive development as it suggests businesses may be getting closer to a point where they will stop clearing their warehouses of unsold goods and start placing new orders.<br />
<br />
"That sets up for a better fourth-quarter GDP with more restocking," said John Canally, economist at LPL Financial in Boston.<br />
<br />
Excluding inventories, GDP rose at a 1.9 percent rate instead of 2.5 percent. Final sales increased at a 0.7 percent pace in the second quarter.<br />
<br />
The GDP report also showed after tax corporate profits grew 13.4 percent in the third quarter, the largest gain since the first quarter of 2004. It was faster than market expectations for 6.2 percent. The strong profit growth was largely a reflection of deeper cost-cutting by companies, mostly headcount reduction, to deal with insipid demand.<br />
<br />
Consumer spending was not as robust as the government had estimated last month, the report showed.<br />
<br />
Consumer spending, which normally accounts for more than two-thirds of U.S. economic activity, rose at a 2.9 percent rate instead of the 3.4 percent pace reported by the government last month. It was still the biggest rise since the first quarter of 2007. Spending fell at a 0.9 percent rate in the second quarter.<br />
<br />
Home building activity rose at a 19.5 percent rate in the third quarter, below previous estimates of 23.4 percent. Home construction still contributed to GDP for the first time since 2005. Residential investment declined 23.3 percent in the April-June period.<br />
<br />
Consumer spending and residential investment were supported by government stimulus programs.<br />
<br />
(Additional reporting by Emily Flitter and Richard Leong in New York; Editing by Andrea Ricci)</div>]]></content:encoded>
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         <title>Fed Said to Ask Stress-Tested Banks to Submit Plans on TARP</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7728</link>
         <description>&lt;div&gt;Nov. 24 (Bloomberg) -- The &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://www.federalreserve.gov/&quot; title=&quot;Federal Reserve System&quot;&gt;Federal Reserve&lt;/a&gt; asked nine of the U.S. banks that were part of this year’s stress tests to submit plans for repaying the government’s capital injections, a person familiar with the situation said.
&lt;br /&gt;
The central bank this month asked &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;https://www.bankofamerica.com/&quot; title=&quot;Bank of America&quot;&gt;Bank of Amer&lt;/a&gt;&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen-finance-and-tec/Everyones_Blog_Posts_-_The_Watchmen_Finance_and_Te-Fed_Said_to_Ask_Stress-Tested_Banks_to_Submit_Plans_on_TARP.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
         <guid isPermaLink="false"></guid>
         <pubDate>Tue, 24 Nov 2009 06:25:36 -0800</pubDate>
         <content:encoded><![CDATA[<div>
Nov. 24 (Bloomberg) -- The <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.federalreserve.gov/" title="Federal Reserve System">Federal Reserve</a> asked nine of the U.S. banks that were part of this year’s stress tests to submit plans for repaying the government’s capital injections, a person familiar with the situation said.<br />
<br />
The central bank this month asked <a rel="nofollow" class="zem_slink" target="_blank" href="https://www.bankofamerica.com/" title="Bank of America">Bank of America Corp.</a> and eight other banks to give plans including a timetable, said the person, speaking on condition of anonymity. The firms may have the option to repay <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program" title="Troubled Asset Relief Program">Troubled Asset Relief Program</a> funds soon if they’ve been able to raise common equity and would continue to exceed capital buffers set in the stress tests, the person said.<br />
<br />
“It would send a terrific message to the market if there was a plan and a timetable for at least the top banks in TARP to pay the money back,” said Joel Conn, president of Lakeshore Capital Inc. in Birmingham, Alabama, which owns stock in <a rel="nofollow" class="zem_slink" target="_blank" href="http://finance.yahoo.com/q?s=PNC" title="NYSE: PNC">PNC</a> Financial Services Group Inc. “It would signify they are good enough to stand on their own.”<br />
<br />
The Fed’s request may turn up the pressure for banks accustomed to more flexibility on the timing and process of TARP repayment. Together the nine banks have received about $142 billion in bailout funds, out of the $700 billion Congress authorized in 2008 for the financial rescue.<br />
<br />
The banks in the stress test that have yet to repay TARP are Bank of America, PNC, <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.citigroup.com/" title="Citigroup">Citigroup Inc.</a>, Fifth Third Bancorp, GMAC Inc., KeyCorp, Regions Financial Corp., <a rel="nofollow" class="zem_slink" target="_blank" href="https://www.suntrust.com/" title="SunTrust Banks">SunTrust</a> Banks Inc. and <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.wellsfargo.com/" title="Wells Fargo">Wells Fargo &amp; Co.</a><br />
<br />
Stress Tests<br />
<br />
The Fed released results in May from stress tests that showed how the 19 largest U.S. lenders would fare in a slower recovery with higher-than-forecast unemployment. Ten companies including Bank of America, Wells Fargo and Citigroup needed to raise additional capital.<br />
<br />
Banks had been prohibited from repaying TARP money quickly unless they replaced it with private capital. That changed with February’s $787 billion stimulus law.<br />
<br />
Since then, <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.gs.com" title="Goldman Sachs">Goldman Sachs Group Inc.</a>, Morgan <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.morganstanley.com" title="Morgan Stanley">Stanley</a> and <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.jpmorganchase.com" title="JPMorgan Chase">JPMorgan Chase &amp; Co.</a> among others have returned TARP funds by proving they were well capitalized without the government money.<br />
<br />
Regions doesn’t comment on talks with regulators, spokesman Tim Deighton said. Bank of America and SunTrust declined to comment. Citigroup’s Stephen Cohen and Wells Fargo’s Julia Tunis Bernard declined to comment.<br />
<br />
Bill Murschel, a KeyCorp spokesman, and Debra Decourcy of Fifth Third didn’t return calls for comment. Fred Solomon, a PNC spokesman, and GMAC’s Gina Proia declined to comment.<br />
<br />
The request was reported earlier by DealReporter.com, a news service that focuses on mergers and is part of Pearson Plc’s Financial Times Group.<br />
<br />
To contact the reporters on this story: Scott Lanman in Washington at slanman@bloomberg.net; Craig Torres in Washington at ctorres3@bloomberg.net.<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.bloomberg.com/apps/news?pid=20601087&amp;sid=aD00dAKNxIfo&amp;pos=3">http://www.bloomberg.com/apps/news?pid=20601087&amp;sid=aD00dAKNxIfo&amp;pos=3</a></div>
<br />
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         <title>Clothing Sales Down Nov., but Online Roars Back</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7727</link>
         <description>&lt;div&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://www.nytimes.com/aponline/2009/11/24/business/AP-US-Retail-Sales-November.html&quot;&gt;The Associated Press&lt;/a&gt;
&lt;br /&gt;
NEW YORK (&lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://www.ap.org&quot; title=&quot;Associated Press&quot;&gt;AP&lt;/a&gt;) -- After showing signs of improvement in early fall, sales of clothing and &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://en.wikipedia.org/wiki/Luxury_good&quot; title=&quot;Luxury good&quot;&gt;luxury goods&lt;/a&gt; weakened a bit the first half of Novembe&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen-finance-and-tec/Everyones_Blog_Posts_-_The_Watchmen_Finance_and_Te-Clothing_Sales_Down_Nov_but_Online_Roars_Back.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Tue, 24 Nov 2009 06:12:13 -0800</pubDate>
         <content:encoded><![CDATA[<div>
<a rel="nofollow" target="_blank" href="http://www.nytimes.com/aponline/2009/11/24/business/AP-US-Retail-Sales-November.html">The Associated Press</a><br />
<br />
NEW YORK (<a rel="nofollow" class="zem_slink" target="_blank" href="http://www.ap.org" title="Associated Press">AP</a>) -- After showing signs of improvement in early fall, sales of clothing and <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Luxury_good" title="Luxury good">luxury goods</a> weakened a bit the first half of November, compared with a year ago, when stores pulled shoppers in with massive discounts, figures released Tuesday show.<br />
<br />
Electronics sales have grown solidly this month, however, compared with the first half of November last year, when stores didn't discount electronics as much.<br />
<br />
And online sales, where growth had slowed this year, are roaring back.<br />
<br />
''It was a little bit softer,'' said Michael McNamara, vice president at SpendingPulse, referring to the weak apparel and luxury figures.<br />
<br />
He cautioned against comparing the first half of November this year and last very closely:<br />
<br />
''When you think about the discounts last year, they were broad-based emergency discounting.''<br />
<br />
Last year's discounts encouraged consumers to spend more early in the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Christmas_and_holiday_season" title="Christmas and holiday season">holiday shopping season</a> than this year's more restrained -- though ubiquitous -- promotions.<br />
<br />
''While there are some great deals, <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.wikinvest.com/industry/Retail" title="Retail">retailers</a> are in a much better position and are more strategic with their discounting,'' McNamara added.<br />
<br />
SpendingPulse found that sales of women's clothing fell 3.3 percent; sales at <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Department_store" title="Department store">department stores</a> fell 7.1 percent; footwear sales slipped 1.5 percent; and men's apparel sales dipped 1 percent for the period from Nov. 1 to Nov. 14.<br />
<br />
Overall apparel sales rose in October after many months of declines starting in July 2008. Luxury sales, which rose in September and October, had shown declines since August 2008.<br />
<br />
Online sales, where the figures haven't shown a monthly decline since the recession started in late 2007, did taper in the spring.<br />
<br />
But <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.wikinvest.com/concept/E-Commerce" title="E-Commerce">e-commerce</a> is enjoying a rebound now, with sales up 19.4 percent the first half of the month. Online sales rose 5.2 percent in July, 12 percent in August, 15 percent in September and 18.7 percent in October, McNamara said.<br />
<br />
McNamara said this year's rising gas prices have helped online sales because shopping online lets consumers drive less.<br />
<br />
Electronics sales rose 6.1 percent the first two weeks of this month, helped in part by coupons and other enticements that retailers like <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.bestbuy.com/" title="Best Buy">Best Buy</a> Stores Inc. offered to boost sales.<br />
<br />
Electronics sales rose 5.0 percent in September and 5.2 percent in October, compared with a year earlier, McNamara said.<br />
<br />
Major retailers, including <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.walmartstores.com/" title="Wal-Mart">Wal-Mart Stores Inc.</a>, <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.sears.com/" title="Sears">Sears Roebuck</a> and Co. and <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.toysrus.com/" title="Toys "R" Us">Toys R Us</a> already are hawking the kind of deep discounts usually reserved for the day after Thanksgiving, when holiday shopping kicks off in earnest</div>
<br />
<div style="margin-top:10px;height:15px;" class="zemanta-pixie"><a rel="nofollow" class="zemanta-pixie-a" target="_blank" href="http://reblog.zemanta.com/zemified/27057f0a-627d-4e01-bac8-3a9284aef76f/" title="Reblog this post [with Zemanta]"><img style="border:medium none;float:right;" class="zemanta-pixie-img" src="http://img.zemanta.com/reblog_e.png?x-id=27057f0a-627d-4e01-bac8-3a9284aef76f" alt="Reblog this post [with Zemanta]"/></a></div>]]></content:encoded>
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         <title>Oil Slips Towards $77 as Markets Await Data</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7726</link>
         <description>&lt;div&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://www.nytimes.com/aponline/2009/11/24/business/AP-Oil-Prices.html?pagewanted=print&quot;&gt;The Associated Press&lt;/a&gt;
&lt;br /&gt;
Oil slipped towards $77 a barrel Tuesday as markets awaited data expected to show that the pace of &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://maps.google.com/maps?ll=38.8833333333,-77.0166666667&amp;amp;spn=10.0,10.0&amp;amp;q=38.8833333333,-77.0166666667%20%28United%20States%29&amp;amp;t=h&quot; title=&quot;United States&quot;&gt;U.S.&lt;/a&gt; economic recovery&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen-finance-and-tec/Everyones_Blog_Posts_-_The_Watchmen_Finance_and_Te-Oil_Slips_Towards_77_as_Markets_Await_Data.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Tue, 24 Nov 2009 06:10:19 -0800</pubDate>
         <content:encoded><![CDATA[<div>
<a rel="nofollow" target="_blank" href="http://www.nytimes.com/aponline/2009/11/24/business/AP-Oil-Prices.html?pagewanted=print">The Associated Press</a><br />
<br />
Oil slipped towards $77 a barrel Tuesday as markets awaited data expected to show that the pace of <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=38.8833333333,-77.0166666667&amp;spn=10.0,10.0&amp;q=38.8833333333,-77.0166666667%20%28United%20States%29&amp;t=h" title="United States">U.S.</a> economic recovery is slower than previously estimated.<br />
<br />
By early afternoon in Europe, benchmark crude for December delivery was down 12 cents to $77.44 a barrel in electronic trading on the <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=40.7144444444,-74.0169444444&amp;spn=0.01,0.01&amp;q=40.7144444444,-74.0169444444%20%28New%20York%20Mercantile%20Exchange%29&amp;t=h" title="New York Mercantile Exchange">New York Mercantile Exchange</a>. The contract rose 9 cents to settle at $77.56 on Monday.<br />
<br />
The U.S. government was due to report Tuesday on <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Gross_domestic_product" title="Gross domestic product">gross domestic product</a> and consumer confidence. Investors expected the data to show the economy is still growing, but at a slower pace than initially calculated.<br />
<br />
Also, many analysts predict the economy will weaken again next year as the effect of stimulus packages wears off and the jobless rate dampens consumer spending.<br />
<br />
Crude has bounced between $76 a barrel and $82 for more than a month as a weakening dollar offsets concerns about tepid consumer demand. Oil often trades inversely to the strength of the dollar as investors buy commodities as a hedge against inflation.<br />
<br />
''The ceiling has been set by weak refining margins, lackluster demand and a global economic recovery that is expected to be sluggish,'' Societe Generale said in a report.<br />
<br />
Investor optimism was buoyed by a report Monday from the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/National_Association_of_Realtors" title="National Association of Realtors">National Association of Realtors</a> that October home sales rose more than 10 percent, suggesting strength in the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Economy_of_the_United_States" title="Economy of the United States">U.S. economy</a>. On the other hand, crude refiner <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.valero.com/" title="Valero Energy Corporation">Valero Energy</a> said it shut down a plant last week because demand for oil products such as gasoline has been weak.<br />
<br />
In other Nymex trading, <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Heating_oil" title="Heating oil">heating oil</a> was up 0.81 cent to $1.9880 a gallon. Gasoline for December delivery rose 0.84 cent to $1.9878 a gallon. <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Natural_gas" title="Natural gas">Natural gas</a> for December delivery was 0.4 cents higher at $4.477 per 1,000 cubic feet.<br />
<br />
In London, <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Brent_Crude" title="Brent Crude">Brent crude</a> for January delivery rose 23 cents to $77.69 on the ICE Futures exchange.<br />
<br />
--------<br />
<br />
<a rel="nofollow" class="zem_slink" target="_blank" href="http://www.ap.org" title="Associated Press">Associated Press</a> writer Alex Kennedy in Singapore contributed to this report.</div>
<br />
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         <title>Renters becoming latest victims as foreclosure crisis widens</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7725</link>
         <description>&lt;div&gt;MULTIFAMILY DEFAULTS RISING
&lt;br /&gt;
Some tenants left in dilapidated buildings&lt;br /&gt;
&lt;br /&gt;
By Robin Shulman&lt;br /&gt;
&lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_XjfaIGu305&quot; target=&quot;_blank&quot; href=&quot;http://www.washingtonpost.com/wp-dyn/content/article/2009/11/22/AR2009112200927.html?hpid=moreheadlines&quot; name=&quot;aptureLink_XjfaIGu305&quot;&gt;Washington Post&lt;/a&gt;&lt;br /&gt;
Monday, November 23, 2009&lt;br /&gt;
&lt;br /&gt;
NEW YORK -- A new wave of foreclosures stands to hurt people who may have never taken out a mortgage: renters. In cities such as New York, Chicago and&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen-finance-and-tec/Everyones_Blog_Posts_-_The_Watchmen_Finance_and_Te-Renters_becoming_latest_victims_as_foreclosure_crisis_widens.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Mon, 23 Nov 2009 08:17:41 -0800</pubDate>
         <content:encoded><![CDATA[<div>
MULTIFAMILY DEFAULTS RISING<br />
<br />
Some tenants left in dilapidated buildings<br />
<br />
By Robin Shulman<br />
<a rel="nofollow" id="aptureLink_XjfaIGu305" target="_blank" href="http://www.washingtonpost.com/wp-dyn/content/article/2009/11/22/AR2009112200927.html?hpid=moreheadlines" name="aptureLink_XjfaIGu305">Washington Post</a><br />
Monday, November 23, 2009<br />
<br />
NEW YORK -- A new wave of foreclosures stands to hurt people who may have never taken out a mortgage: renters. In cities such as New York, Chicago and <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=34.05,-118.25&amp;spn=0.1,0.1&amp;q=34.05,-118.25%20%28Los%20Angeles%29&amp;t=h" title="Los Angeles">Los Angeles</a>, where many investors are carrying upside-down mortgages on large rental buildings, some tenants are watching their homes fall apart along with the financing.<br />
<br />
Janeia Sandiford, a 24-year-old GED student in New York, has two young children and a deteriorating apartment. When a leak over Sandiford's bathroom and kitchen caused the ceiling to flake off and then cave in, nobody came to fix it for a year, she said. She lacked heat most of last winter, and she has duct-taped her loose-fitting windows in place to cut down on drafts.<br />
<br />
"I'm really worried about the kids," she said.<br />
<br />
The <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Real_estate" title="Real estate">real estate</a> investment company Ocelot Capital Group bought the building where Sandiford lives and about two dozen others in the Bronx in 2006 and 2007. As the new owners struggled to keep up with payments, 10 of the buildings appeared on the city's list of most dilapidated rental properties in 2007 and 2008. Last winter, as Ocelot defaulted on its loans amid the deepening financial crisis, the buildings plummeted further into decline. Together, they racked up thousands of Code C violations --the most serious kind -- from housing inspectors.<br />
<br />
<a rel="nofollow" class="zem_slink" target="_blank" href="http://www.fanniemae.com/" title="Fannie Mae">Fannie Mae</a>, which had bought much of the debt from the original lender, entered foreclosure proceedings for Sandiford's building early this spring. A state court appointed receivers.<br />
<br />
In the meantime, the building on Manida Street has been beset by problems, according to tenants and their advocates, whose accounts were confirmed by the crumbling walls and damaged plumbing apparent on a tour of the property and its neighbor, also owned by Ocelot. Vandals stole the lock on the front door, giving squatters access to vacant apartments to sell drugs. Plumbing in the building was disrupted after the squatters broke through the walls and stole pipes to sell as scrap metal.<br />
<br />
Nationwide pattern<br />
Similar conditions could crop up across the <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=38.8833333333,-77.0166666667&amp;spn=10.0,10.0&amp;q=38.8833333333,-77.0166666667%20%28United%20States%29&amp;t=h" title="United States">country</a> this winter as foreclosures climb for large rental-unit buildings. In the first three quarters of 2009, 475 foreclosure proceedings were begun against multifamily rental or cooperative homes in the District, according to NeighborhoodInfo DC, a partnership between the Urban Institute and the D.C. Local Initiatives Support Corp. That figure already eclipses the 458 foreclosures for all of 2008.<br />
<br />
In Chicago's Cook County, 328 multifamily rental buildings were in foreclosure by the second quarter of this year, compared with 185 last year, according to a yet-unreleased study by the Institute for Housing Studies at DePaul University.<br />
<br />
In Los Angeles, foreclosures for buildings with five or more units totaled 78 -- encompassing 1,344 units -- in the first three quarters of 2009, compared with 49 buildings and 432 units over the same period last year, and 13 buildings and 239 units in the same period of 2007, according to the city's housing department.<br />
<br />
In New York, housing analysts estimate that the number of apartment units in buildings at risk of default because of upside-down loans -- in which the property is worth less than is owed on the loan -- could range from 50,000 to 100,000.<br />
<br />
And through the first nine months of this year, across the country, Fannie Mae had 74 foreclosed multifamily properties on the books, compared with 25 through the first nine months of last year.<br />
<br />
The pattern is also showing up in smaller cities. Apartment buildings and complexes are entering foreclosure in Lexington, N.C., and <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=41.5908333333,-93.6208333333&amp;spn=0.1,0.1&amp;q=41.5908333333,-93.6208333333%20%28Des%20Moines%2C%20Iowa%29&amp;t=h" title="Des Moines, Iowa">Des Moines, Iowa</a>. In East Palo Alto, Calif., an investor bought about 1,800 units, or about half the rental properties in town, failed to pay the loan, and one weekend "tore up all their computers, shut down their offices and left," said Mayor Ruben Abrica.<br />
<br />
A recent study by Richard Parkus, the head of research in commercial <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Mortgage-backed_security" title="Mortgage-backed security">mortgage-backed securities</a> at <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.db.com" title="Deutsche Bank">Deutsche Bank</a>, found that loan performance on multifamily buildings is deteriorating at a dramatic pace. Some 65 to 75 percent of multifamily buildings could face problems refinancing at their current rates, he said in an interview. These problems could "sit and fester" for a while, he said, or result in a burst of loan failures.<br />
<br />
"We're at the front end of that wave," said Raphael Bostic, assistant secretary for policy development and research at the <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=38.88406,-77.02266&amp;spn=1.0,1.0&amp;q=38.88406,-77.02266%20%28United%20States%20Department%20of%20Housing%20and%20Urban%20Development%29&amp;t=h" title="United States Department of Housing and Urban Development">U.S. Department of Housing and Urban Development</a>. "Are we concerned? Absolutely."<br />
<br />
A 'sugarplum notion'<br />
Analysts say international speculators and private-equity firms took on mortgage payments larger than their income from rents in such buildings. Some may have hoped they could eject rent-regulated tenants in favor of higher-paying ones.<br />
<br />
"It was a sugarplum notion," said David Jones, president and chief executive of the Community Service Society, an advocacy group for low-income New Yorkers, who calls this "predatory equity."<br />
<br />
Other buyers may have simply been over-exuberant in a market that seemed as though it could boom forever.<br />
<br />
"There was this pervasive view: 'We're all going to the moon, it's going to be a big party from here on out, somehow this could last,' " Parkus said. "Nobody should have lent on these strategies. They're ridiculous."<br />
<br />
Other factors have intervened as well. A decline in property values has made it difficult for owners to refinance. High unemployment has pushed up vacancies, cutting into landlords' income.<br />
<br />
Yet analysts agree that the potential crisis is different from the one that devastated single-family homeowners.<br />
<br />
"It wasn't as outright reckless or abusive or fraudulent as single-family lending," said Jack Markowski, president of the Community Investment Corp. in Chicago and the city's former housing commissioner.<br />
<br />
The impact on tenants is uneven. <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=40.7166666667,-74.0&amp;spn=0.1,0.1&amp;q=40.7166666667,-74.0%20%28New%20York%20City%29&amp;t=h" title="New York City">New York City</a> officials say the owners of the vast majority of buildings in foreclosure there are likely to maintain decent standards of living. Yet, of the 200 properties on the city housing agency's 2008 list of buildings with the worst maintenance problems, at least 77 had been in foreclosure, according to data from PropertyShark.com.<br />
<br />
In buildings where a landlord is struggling to make loan payments, maintenance is often the first thing to go. Garbage can pile up, lists of overdue repairs get longer, and vermin multiply.<br />
<br />
"I went on vacation to California for a week and a half and put out 20 mousetraps and caught 20 mice," said Gloria Robinson, 51, the head of the tenants association at a Bronx building where tenants say maintenance has declined as the landlord manages an upside-down mortgage.<br />
<br />
Dire case in the Bronx<br />
Sandiford's building in the Bronx is one of the most dire cases.<br />
<br />
"This is a dump," said Sandiford's neighbor Alfredo Martinez, 35, a truck driver. He has stretched a garden hose from his kitchen to bring water to flush the toilet; plastered his disintegrating walls, adding metal screens to stop mice from chewing through; repaired the ceiling twice after a leak caused it to cave in; and installed a steel grate over a window after a burglar stole money, jewelry and video games.<br />
<br />
One of the court-appointed receivers for Ocelot properties last month asked a state court to order Fannie Mae to pay him $20,000, saying the company had promised funds to fix life-threatening problems but failed to deliver.<br />
<br />
"My responsibilities are clear: collect rents, maintain the property and when it's dangerous, address it," said Marc A. Landis, the receiver, a real estate lawyer experienced in foreclosures. "When I don't have enough money to do that, the lender is supposed to step up to the plate."<br />
<br />
Brian Faith, a spokesman for Fannie Mae, wrote in an e-mail that the company is "concerned about welfare of the tenants," noting that it has spent $1.7 million to make repairs and provide oil, utilities and insurance, among other items.<br />
<br />
Other lenders maintain that tenants need not suffer, even if their buildings face foreclosure.<br />
<br />
"This is a business," said Jamie Woodwell, vice president of commercial real estate research for the Mortgage Bankers Association, a trade group. "The lender has every incentive to make sure . . . the property continues to operate, so that its value continues to be maintained."<br />
<br />
Staff researcher Meg Smith in Washington contributed to this report.<br />
<br />
</div>
<br />
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         <title>Obama’s feeble dollar sparks a new goldrush</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7724</link>
         <description>&lt;div&gt;Visitors to America might have noticed the television ads urging us to buy gold. One such “spokesman”, formerly in charge of managing the government’s hoard of the yellow stuff, including the ingots buried at Fort Knox, points out that the value of gold has never fallen to zero. Why investors are expected to find such a modest claim reassuring I can’t imagine. But something is persuading people to buy gold, driving the price to and past $1,100 per ounce, from about $270 at&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen-finance-and-tec/Everyones_Blog_Posts_-_The_Watchmen_Finance_and_Te-Obamas_feeble_dollar_sparks_a_new_goldrush.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Mon, 23 Nov 2009 07:14:47 -0800</pubDate>
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Visitors to America might have noticed the television ads urging us to buy gold. One such “spokesman”, formerly in charge of managing the government’s hoard of the yellow stuff, including the ingots buried at Fort Knox, points out that the value of gold has never fallen to zero. Why investors are expected to find such a modest claim reassuring I can’t imagine. But something is persuading people to buy gold, driving the price to and past $1,100 per ounce, from about $270 at the beginning of this decade, and around $700 when the financial crisis first hit.<br />
<br />
This is not mere panic buying by a herd of small investors trying to benefit from what is called a momentum play. John Paulson (no relation to Hank), the investor who made $20 billion for his <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Hedge_fund" title="Hedge fund">hedge fund</a> between 2007 and 2009 by betting on a collapse of the financial and housing markets, is betting on gold in a big way. Paulson &amp; Co already holds $3 billion in gold-related investments (including AngloGold Ashanti and Kinross Gold), and Paulson has just seeded a new gold-related fund with some $250m of his own funds. His modest objective: appreciation at a rate higher than the increase in the price of gold itself.<br />
<br />
All of this means that investors do not believe that President <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.whitehouse.gov/" title="Barack Obama">Barack Obama</a> will respond to the enormous pressure put on him during his visit to Beijing and take steps to strengthen the dollar. The president and Treasury secretary <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Timothy_Geithner" title="Timothy Geithner">Timothy Geithner</a> might talk the talk of a strong dollar but they walk the walk of a declining one. A weak dollar should lift exports and cut imports, which in White House terms means jobs for <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=38.8833333333,-77.0166666667&amp;spn=10.0,10.0&amp;q=38.8833333333,-77.0166666667%20%28United%20States%29&amp;t=h" title="United States">American</a> workers. And it is jobs that the president asks his aides about first thing every morning. With reason.<br />
<br />
Should the unemployment rate remain in double digits when elections roll round a year from now, Republicans would gain congressional seats by making the plausible claim that the Democrats’ deficit spending served only to create a debt burden that will weigh down the living standards of our children and grandchildren.<br />
<br />
The economics are every bit as simple as taught in elementary classes. The government is running huge deficits, upwards of 12% of GDP (3% is considered sustainable), and selling its IOUs to pay its bills. The very accommodating <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.federalreserve.gov/" title="Federal Reserve System">Federal Reserve Board</a> is buying those IOUs, printing dollars with which to pay for them. The flood of dollars will, economists argue, some day trigger <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Inflation" title="Inflation">inflation</a>. That would enable the government to pay off the holders of its bonds and notes in depreciated dollars, which is what the Chinese, holders of over $1 trillion in such paper, fear.<br />
<br />
Of course, that hasn’t happened yet. There is simply too much excess capacity in the economy to permit producers to raise prices, and too much unemployment for workers to hold out for higher wages. That will change when the recovery takes hold and the economy starts to grow again. Then, says <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Ben_Bernanke" title="Ben Bernanke">Ben Bernanke</a>, chairman of the Fed, I will sell all of the notes and other assets I have accumulated for dollars, and withdraw those dollars from circulation. Meanwhile, says the president, that is when I will take steps to cut the deficit. So don’t worry, be happy.<br />
<br />
Not many seem to believe either man. Bernanke is famous for academic work emphasising the danger of tightening too soon, and so might wait so long that inflationary expectations take root. Obama would have to cut spending or raise taxes to reduce the deficit, neither of which he will be inclined to do.<br />
<br />
Indeed, he returned from China announcing his concern about the size of the deficit — and proceeded to push hard to get Congress to pass a $1 trillion healthcare bill and a $250 billion raise for doctors, after approving renewal of the about-to-expire $8,000 credit for new home buyers, and before pressing for passage of a very expensive energy bill. As for tax increases, he has promised not to raise the taxes of families earning less than $250,000 per year, and there aren’t enough higher earners to tap to cut substantially into the deficit.<br />
<br />
Which means the printing presses will continue to run, creating the threat of inflation. When that happens, and the dollar depreciates, people flock to commodities — oil (which already has $20 built into its price to reimburse producers for the decline in the value of each dollar), gold, art, property. Arab oil producers can protect themselves by raising the price of oil, John Paulson will rake in another odd billion or so, <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.gs.com" title="Goldman Sachs">Goldman Sachs</a> will figure out how to profit from the new inflation, the US and others who have run up large debts will pay back in cheap money, and pensioners will scour supermarket shelves for bargains they can afford with their withered dollars.<br />
<br />
America has been there before, and not so long ago. It took <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.imdb.com/name/nm0001654/" title="Ronald Reagan">Ronald Reagan</a> and then-Fed chairman Paul Volcker to wring inflation out of the system they inherited from <a rel="nofollow" class="zem_slink" target="_blank" href="http://www.imdb.com/name/nm0141699/" title="Jimmy Carter">Jimmy Carter</a> in the early 1980s. Oh yes, the price of gold promptly fell in half. Which means that investors in gold are betting that the spending policies of the Obama administration and the easy money policy of Bernanke’s Fed will remain in place. If they are wrong, they might end up unloading $1,100 gold and related investments at half that price. There are no sure things when it comes to investing.<br />
<br />
But there is an almost sure thing in the currency market. For as far ahead as a reasonable person can see, the Chinese will continue to peg the renminbi to the dollar. That means that a lower dollar cannot make imports from China more expensive. It also means that countries that allow their currencies to float will have greater difficulty competing with China in the US market. Which might, only might, bring together a large coalition of nations, ranging from the US and the EU to Asian and Latin American countries that compete with China for markets, to pressure China to allow its currency to float upward. Their threat: that they will band together and protect themselves from Chinese imports with tariffs and other measures. That would get President Hu Jintao’s attention.<br />
<br />
Irwin Stelzer is a business adviser and director of economic policy studies at the Hudson Institute<br />
<br />
stelzer@aol.com<br />
<br />
<a rel="nofollow" target="_blank" href="http://business.timesonline.co.uk/tol/business/columnists/article6926940.ece">http://business.timesonline.co.uk/tol/business/columnists/article6926940.ece</a></div>
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         <title>Economic Survey: Job Losses to Bottom Out in 1Q</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7723</link>
         <description>&lt;div&gt;Economic Survey: Job Losses to Bottom Out in 1Q
&lt;br /&gt;
By THE ASSOCIATED PRESS&lt;br /&gt;
Filed at 12:42 a.m. ET&lt;br /&gt;
&lt;br /&gt;
Economists expect the joblessness that has weighed down the nation's economic recovery will start to slowly abate in 2010, but they predict consumers will continue to keep a tight rein on spending, according to a new survey.&lt;br /&gt;
&lt;br /&gt;
While signs have pointed to the end of the &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://en.wikipedia.org/wiki/Recession&quot; title=&quot;Recession&quot;&gt;recession&lt;/a&gt;&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen-finance-and-tec/Everyones_Blog_Posts_-_The_Watchmen_Finance_and_Te-Economic_Survey-_Job_Losses_to_Bottom_Out_in_1Q.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Sun, 22 Nov 2009 22:18:17 -0800</pubDate>
         <content:encoded><![CDATA[<div>
Economic Survey: Job Losses to Bottom Out in 1Q<br />
<br />
By THE ASSOCIATED PRESS<br />
Filed at 12:42 a.m. ET<br />
<br />
Economists expect the joblessness that has weighed down the nation's economic recovery will start to slowly abate in 2010, but they predict consumers will continue to keep a tight rein on spending, according to a new survey.<br />
<br />
While signs have pointed to the end of the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Recession" title="Recession">recession</a>, joblessness remains rampant. The national <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Unemployment" title="Unemployment">unemployment rate</a> jumped to 10.2 percent in October, the highest in 26 years. About 9 million people currently receive unemployment benefits.<br />
<br />
The November outlook by the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/National_Association_for_Business_Economics" title="National Association for Business Economics">National Association for Business Economics</a>, which is set to be released Monday, shows economists expect net <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Employment" title="Employment">employment</a> losses to bottom out in the first quarter of next year. Employers are seen starting to add to their payrolls after that.<br />
<br />
''While the recovery has been jobless so far, that should soon change,'' said Lynn Reaser, NABE's president and chief economist at Point Loma Nazarene University. ''Within the next few months, companies should be adding instead of cutting jobs.''<br />
<br />
But even if companies do start restaffing next spring, they aren't expected to ramp up hiring very quickly. Some 7.3 million jobs have been lost since December 2007, according to NABE. Of the 48 panelists surveyed, 61 percent do not expect a complete recovery of those lost jobs until 2012. And they expect the unemployment rate will remain ''stubbornly high,'' averaging 9.6 percent in the fourth quarter of 2010.<br />
<br />
Panelists ranked high unemployment as their second biggest concern over the next five years, expressing ''extreme concern'' first and foremost about the federal deficit. Those surveyed expect <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Inflation" title="Inflation">inflation</a> will remain low and the dollar to remain weak, though they see it strengthening against the euro and continuing to be a major reserve currency.<br />
<br />
The economy grew at a 3.5 percent pace in the third quarter, the Commerce Department announced last month, a strong signal that the economy is entering a recovery phase from the worst recession since the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Great_Depression" title="Great Depression">Great Depression</a>. But the pace of the recovery is expected to be slow because of high unemployment and tight credit.<br />
<br />
The latest survey by NABE notes that sluggish consumer spending will continue to weigh on the economy. But it predicts rebounds in housing, <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Economic_growth" title="Economic growth">growth</a> from business spending as more companies restock lean inventories, and a rise in stock prices.<br />
<br />
Economists polled in the survey predict 3 percent real <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Gross_domestic_product" title="Gross domestic product">GDP</a> growth in the 2009 fourth quarter, and 3.2 percent growth for all of 2010. For the two years combined, the projected growth is half a percentage point higher than the forecast NABE gave in October.<br />
<br />
''Real GDP growth should also be enough to recover losses from the recession and return output to an all-time high by the end of 2010,'' NABE forecasters predict.<br />
<br />
Those surveyed say the housing recovery will gather momentum, helped by low interest rates, with housing starts expected to jump 36 percent and residential investment climbing 9 percent next year. Such results would make 2010 the first year since 2005 that the housing sector contributes to overall growth. Economists expect home prices to gain 2 percent next year, after bottoming out in 2009.<br />
<br />
Consumer spending gains are expected to be ''lackluster,'' as workers continue to worry about jobs and investments. Panelists also expect to see a ''persistently elevated sense of thrift'' as consumers save more. They expect the personal <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Saving" title="Saving">savings rate</a> to average 4 percent in 2010, the highest level since 1998.<br />
<br />
Businesses, though, will increase their spending. The survey said the inventory liquidation of the past year will bottom out and companies will restock in 2010, while also spending more on equipment and software because of higher profits.<br />
<br />
Corporate profits are expected to gain 12.4 percent in 2010, which the survey said was average for the first year of an economic recovery. All survey respondents expect the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Stock_market" title="Stock market">stock market</a> to grow in 2010, with the S&amp;P 500 Index seen rising 9.5 percent next year.<br />
<br />
The NABE survey of 48 professional forecasters was taken Oct. 24-Nov. 5.<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.nytimes.com/aponline/2009/11/23/business/AP-US-NABE-Survey.html">http://www.nytimes.com/aponline/2009/11/23/business/AP-US-NABE-Survey.html</a></div>
<br />
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         <title>Wave of Debt Payments Facing U.S. Government</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7722</link>
         <description>&lt;div&gt;WASHINGTON — The &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://en.wikipedia.org/wiki/Federal_government_of_the_United_States&quot; title=&quot;Federal government of the United States&quot;&gt;United States government&lt;/a&gt; is financing its more than trillion-dollar-a-year &lt;a rel=&quot;nofollow&quot; class=&quot;zem_slink&quot; target=&quot;_blank&quot; href=&quot;http://en.wikipedia.org/wiki/Debt&quot; title=&quot;Debt&quot;&gt;borrowing&lt;/a&gt; with i.o.u.’s on terms that seem too good to be true.
&lt;br /&gt;
But that happy situation, aided by ultralow interest rates, m&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen-finance-and-tec/Everyones_Blog_Posts_-_The_Watchmen_Finance_and_Te-Wave_of_Debt_Payments_Facing_US_Government.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Sun, 22 Nov 2009 22:08:12 -0800</pubDate>
         <content:encoded><![CDATA[<div>
WASHINGTON — The <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Federal_government_of_the_United_States" title="Federal government of the United States">United States government</a> is financing its more than trillion-dollar-a-year <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Debt" title="Debt">borrowing</a> with i.o.u.’s on terms that seem too good to be true.<br />
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But that happy situation, aided by ultralow interest rates, may not last much longer.<br />
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Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term borrowings that come due in the months ahead, and interest rates that are sure to climb back to normal as soon as the Federal Reserve decides that the emergency has passed.<br />
<br />
Even as Treasury officials are racing to lock in today’s low rates by exchanging short-term borrowings for long-term bonds, the <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Federal_government_of_the_United_States" title="Federal government of the United States">government</a> faces a payment shock similar to those that sent legions of overstretched homeowners into default on their mortgages.<br />
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With the national debt now topping $12 trillion, the White House estimates that the government’s tab for servicing the debt will exceed $700 billion a year in 2019, up from $202 billion this year, even if annual <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Deficit" title="Deficit">budget deficits</a> shrink drastically. Other forecasters say the figure could be much higher.<br />
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In concrete terms, an additional $500 billion a year in interest expense would total more than the combined federal budgets this year for education, energy, homeland security and the wars in Iraq and Afghanistan.<br />
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The potential for rapidly escalating interest payouts is just one of the wrenching challenges facing the <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=38.8833333333,-77.0166666667&amp;spn=10.0,10.0&amp;q=38.8833333333,-77.0166666667%20%28United%20States%29&amp;t=h" title="United States">United States</a> after decades of living beyond its means.<br />
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The surge in borrowing over the last year or two is widely judged to have been a necessary response to the financial crisis and the deep recession, and there is still a raging debate over how aggressively to bring down deficits over the next few years. But there is little doubt that the United States’ long-term budget crisis is becoming too big to postpone.<br />
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Americans now have to climb out of two deep holes: as debt-loaded consumers, whose personal wealth sank along with housing and stock prices; and as taxpayers, whose government debt has almost doubled in the last two years alone, just as costs tied to benefits for retiring baby boomers are set to explode.<br />
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The competing demands could deepen political battles over the size and role of the government, the trade-offs between taxes and spending, the choices between helping older generations versus younger ones, and the bottom-line questions about who should ultimately shoulder the burden.<br />
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“The government is on teaser rates,” said Robert Bixby, executive director of the Concord Coalition, a nonpartisan group that advocates lower deficits. “We’re taking out a huge mortgage right now, but we won’t feel the pain until later.”<br />
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So far, the demand for Treasury securities from investors and other governments around the world has remained strong enough to hold down the interest rates that the United States must offer to sell them. Indeed, the government paid less interest on its debt this year than in 2008, even though it added almost $2 trillion in debt.<br />
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The government’s average interest rate on new borrowing last year fell below 1 percent. For short-term i.o.u.’s like one-month <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/United_States_Treasury_security" title="United States Treasury security">Treasury bills</a>, its average rate was only sixteen-hundredths of a percent.<br />
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“All of the auction results have been solid,” said Matthew Rutherford, the Treasury’s deputy assistant secretary in charge of finance operations. “Investor demand has been very broad, and it’s been increasing in the last couple of years.”<br />
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The problem, many analysts say, is that record government deficits have arrived just as the long-feared explosion begins in spending on benefits under Medicare and <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Social_Security_%28United_States%29" title="Social Security (United States)">Social Security</a>. The nation’s oldest baby boomers are approaching 65, setting off what experts have warned for years will be a fiscal nightmare for the government.<br />
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“What a good country or a good squirrel should be doing is stashing away nuts for the winter,” said William H. Gross, managing director of the Pimco Group, the giant bond-management firm. “The United States is not only not saving nuts, it’s eating the ones left over from the last winter.”<br />
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The current low rates on the country’s debt were caused by temporary factors that are already beginning to fade. One factor was the economic crisis itself, which caused panicked investors around the world to plow their money into the comparative safety of Treasury bills and notes. Even though the United States was the epicenter of the global crisis, investors viewed Treasury securities as the least dangerous place to park their money.<br />
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On top of that, the Fed used almost every tool in its arsenal to push interest rates down even further. It cut the overnight federal funds rate, the rate at which banks lend reserves to one another, to almost zero. And to reduce longer-term rates, it bought more than $1.5 trillion worth of Treasury bonds and government-guaranteed securities linked to mortgages.<br />
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Those conditions are already beginning to change. Global investors are shifting money into riskier investments like stocks and corporate bonds, and they have been pouring money into fast-growing countries like Brazil and China.<br />
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The Fed, meanwhile, is already halting its efforts at tamping down long-term interest rates. Fed officials ended their $300 billion program to buy up Treasury bonds last month, and they have announced plans to stop buying <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Mortgage-backed_security" title="Mortgage-backed security">mortgage-backed securities</a> by the end of next March.<br />
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Eventually, though probably not until at least mid-2010, the Fed will also start raising its benchmark interest rate back to more historically normal levels.<br />
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The United States will not be the only government competing to refinance huge debt. Japan, Germany, Britain and other industrialized countries have even higher government debt loads, measured as a share of their <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Gross_domestic_product" title="Gross domestic product">gross domestic product</a>, and they too borrowed heavily to combat the financial crisis and <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Recession" title="Recession">economic downturn</a>. As the global economy recovers and businesses raise capital to finance their growth, all that new government debt is likely to put more upward pressure on interest rates.<br />
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Even a small increase in interest rates has a big impact. An increase of one percentage point in the Treasury’s average cost of borrowing would cost <a rel="nofollow" class="zem_slink" target="_blank" href="http://maps.google.com/maps?ll=38.8833333333,-77.0166666667&amp;spn=10.0,10.0&amp;q=38.8833333333,-77.0166666667%20%28United%20States%29&amp;t=h" title="United States">American</a> taxpayers an extra $80 billion this year — about equal to the combined budgets of the Department of Energy and the Department of Education.<br />
<br />
But that could seem like a relatively modest pinch. Alan Levenson, chief economist at T. Rowe Price, estimated that the Treasury’s tab for <a rel="nofollow" class="zem_slink" target="_blank" href="http://en.wikipedia.org/wiki/Government_debt" title="Government debt">debt service</a> this year would have been $221 billion higher if it had faced the same interest rates as it did last year.<br />
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The White House estimates that the government will have to borrow about $3.5 trillion more over the next three years. On top of that, the Treasury has to refinance, or roll over, a huge amount of short-term debt that was issued during the financial crisis. Treasury officials estimate that about 36 percent of the government’s marketable debt — about $1.6 trillion — is coming due in the months ahead.<br />
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To lock in low interest rates in the years ahead, Treasury officials are trying to replace one-month and three-month bills with 10-year and 30-year Treasury securities. That strategy will save taxpayers money in the long run. But it pushes up costs drastically in the short run, because interest rates are higher for long-term debt.<br />
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Adding to the pressure, the Fed is set to begin reversing some of the policies it has been using to prop up the economy. Wall Street firms advising the Treasury recently estimated that the Fed’s purchases of Treasury bonds and mortgage-backed securities pushed down long-term interest rates by about one-half of a percentage point. Removing that support could in itself add $40 billion to the government’s annual tab for debt service.<br />
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This month, the Treasury Department’s private-sector advisory committee on debt management warned of the risks ahead.<br />
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“Inflation, higher interest rate and rollover risk should be the primary concerns,” declared the Treasury Borrowing Advisory Committee, a group of market experts that provide guidance to the government, on Nov. 4.<br />
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“Clever debt management strategy,” the group said, “can’t completely substitute for prudent fiscal policy.”<br />
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<a rel="nofollow" target="_blank" href="http://www.nytimes.com/2009/11/23/business/23rates.html?_r=1&amp;hp=&amp;pagewanted=print">http://www.nytimes.com/2009/11/23/business/23rates.html?_r=1&amp;hp=&amp;pagewanted=print</a></div>
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<div style="margin-top:10px;height:15px;" class="zemanta-pixie"><a rel="nofollow" class="zemanta-pixie-a" target="_blank" href="http://reblog.zemanta.com/zemified/36ed9d8a-4bf1-4644-a03f-a6134d568860/" title="Reblog this post [with Zemanta]"><img style="border:medium none;float:right;" class="zemanta-pixie-img" src="http://img.zemanta.com/reblog_e.png?x-id=36ed9d8a-4bf1-4644-a03f-a6134d568860" alt="Reblog this post [with Zemanta]"/></a></div>]]></content:encoded>
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         <title>Roman Catholic church stalls on £8m child abuse claims</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18634</link>
         <description>&lt;div&gt;Handed over to foster care when barely a few weeks old and then hauled through the care system's institutional layers, Graham Baverstock had few chances at a childhood. Now aged 51, confined to a wheelchair and reliant on local authority carers, benefit cheques and doctors, he is a damaged man who admits he is quick to anger and slow to trust. He has tried to kill himself twice and thoughts of suicide are never far from his mind.
&lt;br /&gt;
There is one year of his life from which Ba&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen/Everyones_Blog_Posts_-_The_Watchmen-Roman_Catholic_church_stalls_on_8m_child_abuse_claims.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Sat, 14 Nov 2009 18:42:37 -0800</pubDate>
         <content:encoded><![CDATA[<div>
Handed over to foster care when barely a few weeks old and then hauled through the care system's institutional layers, Graham Baverstock had few chances at a childhood. Now aged 51, confined to a wheelchair and reliant on local authority carers, benefit cheques and doctors, he is a damaged man who admits he is quick to anger and slow to trust. He has tried to kill himself twice and thoughts of suicide are never far from his mind.<br />
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There is one year of his life from which Baverstock cannot move on, when as a 14-year-old he was sent to the Catholic-run St William's Community Home for troubled boys in Market Weighton, near York. It was set up by a group of Catholic teachers called the De La Salle Brotherhood in 1960. Since 1992, when St William's was finally closed, close to 200 men have come forward and claimed to have been either physically or sexually abused or both. Now 142 are suing for compensation which could cost the Roman Catholic church in England £8m.<br />
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One man has been convicted over the hundreds of allegations. In 2004 the home's former head, Brother James Carragher, was jailed for 14 years for abusing children, all aged between 10 and 16. He was, said one of the detectives involved in the case, "the most evil of men" who had regularly raped the boys in his care. He had earlier served four years in jail for similar offences. Two of his De La Salle colleagues were acquitted and the cases against another three men were dropped before coming to trial.<br />
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But last week the legal wrangling over who was responsible for the failings that led to what is the biggest historical abuse claim against the Catholic church in England had looked to be finally resolved when Leeds crown court ruled that the Catholic diocese of Middlesbrough was liable for running the former children's home at the centre of the scandal. The diocese had claimed that the lay order ran it. Although the De La Salle Brothers were in senior positions, Judge Simon Hawkesworth found that they were not employed by the lay order and it was the diocese that had the power to appoint staff.<br />
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Dr Jim Whiston, Middlesbrough diocese company secretary, said the bishops and the trustees were very disappointed with the decision. But he dashed the temporary euphoria of Baverstock and the other 141 claimants when he added: "We understand our legal advisers are considering an appeal and we, therefore, intend to make no further comment at this time."<br />
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So the case looks set to drag on.<br />
<br />
Some 2,000 children and 500 staff were at St William's over the 30-year period that has been the subject of two police investigations and several court cases. Not only the children but also some of the staff have claimed to be victims of what went on at the institution. A soon-to-be-published Independent Police Complaints Commission inquiry may, sources suggest, demand disciplinary action against named officers involved in Operation Aldgate, the second Humberside police investigation that looked at whether the abuse at St William's was a systematic and organised paedophile ring.<br />
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One former headteacher, Ben Mackay, told the Observer in 2005 that the charges of child abuse brought against him, which were later dropped, had left him living in "fear and distress".<br />
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"They talked of the trauma on the part of these former pupils. They have no idea what it did to us, and I don't think they cared," he said at the time.<br />
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But for St William's boys such as Baverstock the news that the diocese was likely to appeal against the judgment was a "slap in the face, a disgrace".<br />
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"This is the most horrific scandal, the biggest, the worst, the scale of it is just beyond comprehension. There are others who evaded justice and I find that offensive. But I also find it deeply offensive that the bishops and the priests of the Catholic church are continuing to ask people to come into their churches and pray and respect them when no one in that institution can face up to the reality of what happened here, can turn round and say sorry. It's not about us getting money, it never was.<br />
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"We were sent into their care and they should have cared for us. Not raped and abused and beaten us, punched and kicked us and forced cleaning fluid down our throats. We lived in fear and in silence and someone needs to acknowledge that.<br />
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"The scale of this is just so big, I have never spoken to anyone I was at St William's with since the day I left, but I saw the scale myself, it was clear. I'd be very surprised if there are any false claimants, it's not a bandwagon you want to climb on, is it? We'll likely all be dead by the time the Catholic church is forced to take any kind of responsibility.<br />
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"I need to be believed and children like me were never believed. That's why I need the church to say sorry. It's not going to change anything, my life is destroyed, it'll stay destroyed. But at least I'll have been believed."<br />
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Brother Aidan Kilty, Provincial of the De La Salle Brothers, said: "It has always been our understanding that the De La Salle Brothers were, neither in law, nor in practice, the responsible management of St William's. This has now been confirmed by the judgment of the high court."<br />
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A spokesman for the lay order said everyone had been left devastated by what had happened at St William's. "It's affected everyone, it's a terrible thing to have hanging over the order." But a source close to the Catholic church said there was a desire to see the case settled once and for all, although there was concern that many of the men bringing the compensation claim may not be true victims but are "jumping on the bandwagon".<br />
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"This is such a historical case in all senses of the word, it is a source of frustration that it goes on. It's just driven by outside forces, the insurers; court cases are just a big machine that no one can stop."<br />
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David Greenwood, the solicitor co-ordinating the men's action, said four new cases of former pupils claiming to have been abused at St William's had come forward since the publicity over the crown court decision. "These are men, often with very troubled lives, who are looking for some kind of validation. Many will never have spoken about what happened to them. The good news about this case is that they are coming forward and that the police have moved on sufficiently with their practices that they handle these cases well and with expertise that was lacking just a decade ago.<br />
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"The scenarios and the patterns are so familiar now that it's immediately obvious someone is speaking the truth. The sad thing is that there are so many more out there; the enormity of the case means there are a large number of men whose lives have been blighted by what happened at St William's and we will never hear of them, many will be in prison, many are dead."<br />
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Michael, 47, is another St William's victim. He is extremely proud of having managed to stay out of trouble since leaving the home, a beaten and abused young boy, and he now cares for his seriously ill father. "I'm going to the funeral of one of the boys next week; choked on his own vomit. I gave him a lift from town just the other day, he was pretty broken, you can see it. Another lad I knew committed suicide a while back. A lot more are inside, lifers. It ruins you, an experience like that, especially when you're struggling already," he said.<br />
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"A lot of the boys have dropped out of this compensation case, but I'm going to try to stay with it, no matter how long the church tries to stretch it out through the courts. It's the only thing we have left now really, trying to hold them to account."<br />
<br />
<a rel="nofollow" id="aptureLink_FEezwTbnnR" target="_blank" href="http://www.guardian.co.uk/uk/2009/nov/15/catholic-church-child-abuse-claim" name="aptureLink_FEezwTbnnR">The Guardian</a></div>]]></content:encoded>
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         <title>Evangelist Tony Alamo gets 175 years in jail for sex crimes</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18614</link>
         <description>&lt;img src=&quot;http://assets.nydailynews.com/img/2009/11/14/alg_alamo.jpg&quot;/&gt;&lt;br /&gt;
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&lt;div&gt;&lt;a rel=&quot;nofollow&quot; style=&quot;padding:0px 6px;float:left;&quot; id=&quot;aptureLink_lqIYddgd0Q&quot; target=&quot;_blank&quot; href=&quot;http://www.youtube.com/watch?v=RXq3woQ8LA4&quot; name=&quot;aptureLink_lqIYddgd0Q&quot;&gt;&lt;img title=&quot;(Tony Alamo) Sentence to 175 Years For Child Abuse&quot; src=&quot;http://i.ytimg.com/vi/RXq3woQ8LA4/hqdefault.jpg&quot; style=&quot;border:0px none;&quot; height=&quot;285px&quot; width=&quot;340px&quot;/&gt;&lt;/a&gt;
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Evangelist Tony Alamo was sentenced Friday to 175 years in prison for taking&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen/Everyones_Blog_Posts_-_The_Watchmen-Evangelist_Tony_Alamo_gets_175_years_in_jail_for_sex_crimes.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Fri, 13 Nov 2009 15:00:00 -0800</pubDate>
         <content:encoded><![CDATA[<img src="http://assets.nydailynews.com/img/2009/11/14/alg_alamo.jpg"/><br />
<br />
<div>
<a rel="nofollow" style="padding:0px 6px;float:left;" id="aptureLink_lqIYddgd0Q" target="_blank" href="http://www.youtube.com/watch?v=RXq3woQ8LA4" name="aptureLink_lqIYddgd0Q"><img title="(Tony Alamo) Sentence to 175 Years For Child Abuse" src="http://i.ytimg.com/vi/RXq3woQ8LA4/hqdefault.jpg" style="border:0px none;" height="285px" width="340px"/></a><br />
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Evangelist Tony Alamo was sentenced Friday to 175 years in prison for taking underage girls across state lines for sex, effectively punishing him for the rest of his life for molesting children he took as "brides" in his ministry.<br />
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During Friday's hearing, some of Alamo's victims testified about how their families were destroyed while the evangelist took over their lives.<br />
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Alamo, 75, had been convicted in July on a 10-count federal indictment. U.S. District Judge Harry F. Barnes said Alamo used his status as father figure and pastor and threatened and threatened the girls with "the loss of their salvation."<br />
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"Mr. Alamo, one day you will face a higher a greater judge than me, may he have mercy on your soul," Barnes said.<br />
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Just before Barnes sentenced Alamo, the evangelist offered a brief statement to the court praising God then later adding:<br />
<br />
"I'm glad I'm me and not the deceived people in the world."<br />
<br />
Alamo's lawyers said they planned to appeal Barnes' ruling. His defense offered a doctor who said he suffered from hardening arteries, diabetes, glaucoma and other health problems. However on cross-examination the doctor acknowledged he saw Alamo only once in 2004 and that the purpose of Alamo's visit was to get an eye lift to make him appear younger.<br />
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The evangelist will stay in Texarkana pending a Jan. 13 hearing in which Barnes will decide whether Alamo's victims will get restitution from him. After that hearing, Barnes said Alamo would go to a federal prison that has hospital facilities.<br />
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A woman Alamo took as a child "bride" at age 8 challenged the evangelist from the witness stand Friday to submit himself to God's judgment. Reading from lined notebook paper, she said Alamo tore her family apart by taking her as a child bride and described how she shook uncontrollably when he first molested her.<br />
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"You preyed on innocent children," she said staring down Alamo, who wore yellow prison scrubs and a windbreaker for the hearing.<br />
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"You have the audacity to ask for mercy. What mercy did you show us?" she said.<br />
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A moment later she asked, "What kind of man of God does what you have done?"<br />
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The woman told Barnes that she planned to become an FBI agent in order to help other child sex abuse victims.<br />
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Two other child brides testified. One, who said she is now employed full-time and has a life of her own outside of the ministry, said she hoped Alamo would spend the rest of his life in jail.<br />
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"Maybe the real God, not the God you made up, will have mercy on your soul," the woman said.<br />
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Barnes said there was ample evidence that Alamo engaged in a pattern of molesting younger and younger girls in his ministry.<br />
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Alamo accused his victims of lying, as he has done throughout his prosecution.<br />
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<a rel="nofollow" target="_blank" href="http://www.nydailynews.com/news/national/2009/11/13/2009-11-13_evangelist_tony_alamo_gets_.html#ixzz0Wmf0NXPN">The New York Daily News</a></div>]]></content:encoded>
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         <title>More than 5,600 people sign petition in favor of creationism</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18595</link>
         <description>&lt;div&gt;&lt;img src=&quot;http://www.pe.com/imagesdaily/2009/11-06/lasierra06ripa_2sc14iofk_400.jpg&quot;/&gt;
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&lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_eEJbqTMSvg&quot; target=&quot;_blank&quot; href=&quot;http://www.pe.com/localnews/inland/stories/PE_News_Local_S_lasierra06.47b3990.html&quot; name=&quot;aptureLink_eEJbqTMSvg&quot;&gt;Source:&lt;/a&gt;&lt;br /&gt;
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A Riverside Seventh-day Adventist university is under fire for teaching evolution in its biology classes without telling students that the scientific explanation for the origins of life contradicts church beliefs.&lt;br /&gt;
&lt;br /&gt;
The controver&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen/Everyones_Blog_Posts_-_The_Watchmen-More_than_5600_people_sign_petition_in_favor_of_creationism.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Tue, 10 Nov 2009 08:44:13 -0800</pubDate>
         <content:encoded><![CDATA[<div>
<img src="http://www.pe.com/imagesdaily/2009/11-06/lasierra06ripa_2sc14iofk_400.jpg"/><br />
<br />
<a rel="nofollow" id="aptureLink_eEJbqTMSvg" target="_blank" href="http://www.pe.com/localnews/inland/stories/PE_News_Local_S_lasierra06.47b3990.html" name="aptureLink_eEJbqTMSvg">Source:</a><br />
<br />
A Riverside Seventh-day Adventist university is under fire for teaching evolution in its biology classes without telling students that the scientific explanation for the origins of life contradicts church beliefs.<br />
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The controversy has spurred debate among Adventists across the country. Some say La Sierra's biology classes are guided by Satan, and others point to the "overwhelming scientific evidence" in supporting evolution.<br />
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More than 5,600 people from around the country have signed an online petition that will be presented to the La Sierra University board of trustees at its Nov. 12 meeting. It states that creation occurred in six 24-hour days, expresses concern that evolution is presented as fact in Adventist universities and calls for the universities to explicitly inform students and parents how evolution is taught.<br />
<br />
The ultimate goal of the petition drive is to require Adventist teaching on creation in La Sierra biology classes, said Shane Hilde, the Beaumont man and La Sierra graduate spearheading the petition drive. If that doesn't happen, petition supporters may push La Sierra to disassociate itself from the Seventh-day Adventist Church, he said.<br />
<br />
The petition does not single out La Sierra, but Hilde said it is the target. Evolution opponents are looking into allegations of pro-evolution biases at other Adventist universities, he said.<br />
<br />
The petition does not call for the dismissal of the three La Sierra biology professors who are at the center of the controversy. But Hilde said "that ultimately is what happens in these situations."<br />
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"I would blame the administration for hiring people like this," he said.<br />
<br />
Lee Greer, one of the three targeted professors, declined to comment publicly. In an e-mail, Professor L. Lee Grismer called the matter a "minor controversy" and declined to discuss it further. Professor Gary Bradley did not return phone calls. In September, Bradley told the Web site Inside Higher Ed that he will not denounce or contradict evolutionary theory in his class.<br />
<br />
University spokesman Larry Becker declined to reveal the professors' religious affiliations. About 90 percent of La Sierra's professors are Adventist, he said. Only Adventists are granted tenure.<br />
<br />
University President Randal Wisbey declined to be interviewed before Nov. 12, saying he did not want to be seen as attempting to influence the board of trustees. In a written statement, he said, "We expect that students will be introduced to the prevailing scientific views within a supportive classroom environment that values the Seventh-day Adventist Church's contribution to the understanding of biblical creation."<br />
<br />
In a May letter, he wrote, "People of faith who look at scientific data can reach differing conclusions and still be collegial as brothers and sisters in the church."<br />
<br />
Evolution Debate<br />
<br />
Academic tension between religion and the theory of evolution is not new. The 1925 Scopes trial of a teacher accused of violating a Tennessee law against teaching evolution is a landmark in U.S. legal history. Controversies have flared up across the country when local and state school boards have attempted to introduce creationism in public school classrooms.<br />
<br />
But organized campaigns to force changes in university-level biology classes are rare, said Steven Newton, a project director for the National Center for Science Education, which defends the teaching of evolution.<br />
<br />
Hilde said he was inspired to begin the petition drive in June after he read a letter online from prominent Adventist evangelist Rev. David Asscherick criticizing how La Sierra professors teach evolution, and by a short-lived Web site that advocated for Adventist teaching in biology classes.<br />
<br />
A small number of parents and students have expressed concern about La Sierra's biology classes in recent years, Becker said. The university does not have a written policy on the teaching of evolution.<br />
<br />
In response to the complaints, the 1,900-student university in September added a freshman-level seminar that discusses the intersection of religion and science, including the Adventist belief that creation occurred over six 24-hour days, Becker said. The seminar is required for all biology majors. The university has long had a similar, senior-level biology course, Becker said.<br />
<br />
Hilde said the new seminar is a good step, but it's not enough. Adventist teachings on creation must be presented in biology classes alongside evolution, he said.<br />
<br />
Biology instructors at La Sierra should continue teaching evolution, because that is the prevalent scientific view, Hilde said. But "it shouldn't be presented as a preference or as the best explanation," he said. "The church position is God created the Earth in six literal days. La Sierra as an institution of the church needs to treat that as the preferential world view."<br />
<br />
Hilde said Adventist beliefs were not mentioned in a biology class he took at La Sierra several years ago.<br />
<br />
Opinions Differ<br />
<br />
Although the petition drive has spurred debate among Adventists nationwide, some La Sierra biology majors, like Tania Aguilar, were unaware of the controversy. Aguilar, an Adventist, supports adding a discussion on Biblical creationism to courses that include evolutionary theory.<br />
<br />
"They should teach both views so people know of and are aware of both sides of the story," Aguilar, 18, said as she strolled out of her anatomy class Tuesday. "Then they can make their own decision what they're going to believe in."<br />
<br />
"I agree," said classmate Cynthia Salgado, who is Catholic. "But don't have it in the same class."<br />
<br />
Salgado, 19, is taking a course on Adventist beliefs and said that class, and the new freshman seminar, are appropriate venues to discuss Adventist perspectives on creation.<br />
<br />
"It should stay in religion classes," she said. "Don't mix science with religion."<br />
<br />
About 30 percent of La Sierra students are non-Adventist, Becker said.<br />
<br />
Official Teaching<br />
<br />
Worldwide Adventist Church President Jan Paulsen addressed the evolution controversy in June by calling on all Adventist university professors to advocate church teaching that creation occurred during six 24-hour days.<br />
<br />
"Faith is certainly not subject to the findings of science," he wrote.<br />
<br />
Ervin Taylor, executive publisher of Riverside-based Adventist Today magazine and a professor emeritus of anthropology at UC Riverside, does not believe the Bible contradicts evolutionary theory.<br />
<br />
He and other Adventists do not take "six days" to literally mean six modern days.<br />
<br />
At Loma Linda University, another Inland Adventist institution, the board of trustees recently asked the university administration to prepare a statement on how creationism is taught, said university spokesman Richard Weismeyer.<br />
<br />
He declined to comment on how biology classes deal with the subject and whether the board was reacting to the La Sierra controversy.<br />
<br />
Leonard Brand, chairman of the university's department of earth and biological sciences, did not return phone calls.<br />
<br />
Art Chadwick, a research professor of geology at Southwestern Adventist University in Texas, said instructors who don't instill in their students the view that creation occurred in six literal days should not be allowed to teach at Adventist universities.<br />
<br />
At Southwestern Adventist, Biblical creation is brought up in biology classes and in a philosophy of science class, Chadwick said.<br />
<br />
"If they claim to be Seventh-day Adventist, then they have a belief system whose integrity depends on what the Bible says about life origins," he said. "Not to present that would be antithetical to what Adventist universities are about. Why not go to a state university?"<br />
<br />
Reach David Olson at 951-368-9462 or dolson@PE.com</div>]]></content:encoded>
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         <title>Ohio Woman Says Clinic Turned Her Away Because She's Not Married</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18594</link>
         <description>&lt;div&gt;DAYTON, Ohio — An Ohio woman has been complaining to various officials because she says a hospital facility refused to help her get pregnant because she's not married.
&lt;br /&gt;
Karri O'Reilly acknowledges that Kettering Reproductive Medicine outside Dayton has religious ties, but she says it should not have turned her away because its parent organization also accepts taxpayer funds.&lt;br /&gt;
&lt;br /&gt;
Kettering Health Network, which is affiliated with the &lt;b&gt;Seventh-Day Adventist Church&lt;/b&gt;, has rel&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen/Everyones_Blog_Posts_-_The_Watchmen-Ohio_Woman_Says_Clinic_Turned_Her_Away_Because_Shes_Not_Married.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
         <guid isPermaLink="false"></guid>
         <pubDate>Tue, 10 Nov 2009 08:33:09 -0800</pubDate>
         <content:encoded><![CDATA[<div>
DAYTON, Ohio — An Ohio woman has been complaining to various officials because she says a hospital facility refused to help her get pregnant because she's not married.<br />
<br />
Karri O'Reilly acknowledges that Kettering Reproductive Medicine outside Dayton has religious ties, but she says it should not have turned her away because its parent organization also accepts taxpayer funds.<br />
<br />
Kettering Health Network, which is affiliated with the <b>Seventh-Day Adventist Church</b>, has released a statement saying it's now reviewing its policies.<br />
<br />
Forty-year-old O'Reilly says when she called the clinic to make an appointment for in vitro fertilization she was asked about her husband, and when she said she didn't have one she was told Kettering couldn't treat her.<br />
<br />
<a rel="nofollow" id="aptureLink_hXqPGE6r3S" target="_blank" href="http://www.foxnews.com/story/0,2933,573148,00.html" name="aptureLink_hXqPGE6r3S">FOX News / AP</a><br />
<br />
<hr/>
<i><a rel="nofollow" id="aptureLink_m709YyM0ab" target="_blank" href="http://www.daytondailynews.com/lifestyle/kettering-hospital-refused-to-help-unmarried-woman-get-pregnant-390433.html" name="aptureLink_m709YyM0ab">Kettering hospital refused to help unmarried woman get pregnant</a></i><br />
<br />
Dayton filmmaker Karri O’Reilly’s last project was a horror flick called “Fertile Ground,” about “a crazy lady out in the country who thinks she’s pregnant.”<br />
<br />
The title’s irony isn’t lost on her. O’Reilly, 40, has been trying unsuccessfully to become pregnant. After undergoing nine rounds of artificial insemination, she decided to try in vitro fertilization and called Kettering Reproductive Medicine to schedule an appointment. It seemed a logical move: The clinic bills itself on its Web site as “Dayton’s only full-service reproductive center with all services at one convenient location.”<br />
<br />
The receptionist peppered her with routine questions, including, “What is your husband’s name?”<br />
<br />
“I don’t have a husband,” O’Reilly replied.<br />
<br />
“Oh, we can’t treat you then,” she was told. “Kettering Health Network has a policy against treating unmarried people.”<br />
<br />
O’Reilly was stunned. “Are you kidding me?” she asked. “Seriously?”<br />
<br />
In the weeks since being denied treatment, she has been anything but silent.<br />
<br />
“They’re a religious-based organization and it’s within their rights to make these kinds of decisions — provided they don’t take taxpayer money,” O’Reilly said. “But they do. They take a lot of money from the federal government. That means they can’t be discriminatory in treatment. If you take in a dime of taxpayer money, the rules change.”<br />
<br />
The rules may be changing, in fact, because of her vocal opposition. Her complaints to numerous officials prompted Kettering Health Network, which is affiliated with the Seventh-day Adventist faith, to review its policy. Its network of hospitals includes Kettering, Grandview and Southview Medical Centers as well as Greene Memorial Hospital. Miriam Cartmell, Administrative Director of Women and Children’s Services for Kettering Medical Center, said in a prepared statement, “Like many faith-based organizations, our focus is on offering reproductive medicine service to married couples. We refer requests from individuals to other centers who have historically served these types of requests. We are reviewing our position on this, given the request of this individual.”<br />
<br />
O’Reilly said she’s encouraged by the hospital’s decision to revisit the policy. “That’s awesome,” she said. “At least now they will look at it. It’s a step in the right direction.”<br />
<br />
O’Reilly, who has served as producer for films such as “Blue Car” and “Saving Shiloh,” has built a successful career and achieved financial stability. A graduate of Wayne High School and the Wright State University film program, she moved to Dayton from Los Angeles four years ago so she could be closer to her parents, Dennis and Lucille O’Reilly, who support her decision. She has upgraded from a 624-square-foot house in L.A. to a 3,500-square-foot home in Grafton Hill. Her two sisters have donated baby gear.<br />
<br />
“As far as being in a traditional two-parent family, I would love it too,” she said. At 40, however, she can’t afford to wait any longer: “I’m not the Octomom; I’m not looking for some slot-machine payoff of children. But I’m not going to live my life based on someone’s idealized version of the family.”<br />
<br />
She’s not waiting around for Kettering Health Network to change its mind, either; she has already scheduled an appointment with a fertility specialist in Cincinnati. She’s not gay, but she doesn’t think lesbians should be denied treatment. “On their own Web site, Kettering Health Network clearly states they don’t deny treatment or discriminate on the basis of race, religion, sex, ability to pay or sexual preference, yet this policy clearly discriminates against gay people, if only by default.”<br />
<br />
Her crusade, in other words, has become a matter of principle.<br />
<br />
“It’s so unjust and such a ridiculously outdated policy,” she said. “Why use homophobia and discrimination on the basis of marital status to keep good loving parents from having children?”</div>]]></content:encoded>
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         <title>More Than 15,000 Bibles Confiscated in Malaysia</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18576</link>
         <description>&lt;div&gt;&lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_jwzAkkv0sj&quot; target=&quot;_blank&quot; href=&quot;http://www.worthynews.com/top/foxnews-com-printer_friendly_story-0,3566,570241,00-html/&quot; name=&quot;aptureLink_jwzAkkv0sj&quot;&gt;Source:&lt;/a&gt;
&lt;br /&gt;
KUALA LUMPUR, Malaysia —&lt;br /&gt;
&lt;br /&gt;
Malaysian authorities have confiscated more than 15,000 Bibles in recent months because they referred to &quot;God&quot; as &quot;Allah,&quot; a translation that has been banned in this Muslim-majority country, Christian church officials said Thursday.&lt;br /&gt;
&lt;br /&gt;
The alleged seizure of the Bibles, imported from ne&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen/Everyones_Blog_Posts_-_The_Watchmen-More_Than_15000_Bibles_Confiscated_in_Malaysia.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
         <guid isPermaLink="false"></guid>
         <pubDate>Sat, 07 Nov 2009 17:36:21 -0800</pubDate>
         <content:encoded><![CDATA[<div>
<a rel="nofollow" id="aptureLink_jwzAkkv0sj" target="_blank" href="http://www.worthynews.com/top/foxnews-com-printer_friendly_story-0,3566,570241,00-html/" name="aptureLink_jwzAkkv0sj">Source:</a><br />
<br />
KUALA LUMPUR, Malaysia —<br />
<br />
Malaysian authorities have confiscated more than 15,000 Bibles in recent months because they referred to "God" as "Allah," a translation that has been banned in this Muslim-majority country, Christian church officials said Thursday.<br />
<br />
The alleged seizure of the Bibles, imported from neighboring Indonesia, is certain to reignite complaints by religious minorities that their right to practice their faiths freely has come under threat as the government panders to the Muslim majority.<br />
<br />
A growing sense of discrimination among the minorities is chipping away at Malaysia's reputation as a harmonious multiethnic nation that practices a moderate brand of Islam.<br />
<br />
The Rev. Hermen Shastri, general secretary of the Council of Churches of Malaysia, said authorities seized a consignment of 10,000 copies sent from Jakarta to Kuching in Sarawak state on Sept. 11 because the Indonesian-language Bibles contained the word "Allah."<br />
<br />
Indonesian language is similar to Malaysian language, both of which use "Allah" as translation for God in both Islamic and Christian traditions.<br />
<br />
Another 5,100 Bibles, also imported from Indonesia, were seized in March, said an official from the Bible Society of Malaysia, who asked not to be named for fear of angering the government.<br />
<br />
A Home Ministry official said he was not aware of the seizures. He said he couldn't be named without his superiors' clearance.<br />
<br />
Malaysia has banned non-Muslims from using the word "Allah" in their texts, saying the word is Islamic and may upset Muslims. About 60 percent of the country's 28 million people are Malay Muslims while 25 percent are ethnic Chinese and 8 percent are Indians. Many of the Chinese and Indians are Christians.<br />
<br />
The Roman Catholic Church is challenging the "Allah" ban in court, saying it is unconstitutional and discriminates against those worshipping in Malay language. The case has been stuck in preliminary hearings for almost two years.<br />
<br />
Shastri said the church council is concerned over the continued detention "of our holy book, which is depriving congregations ... and denying them the use of their Bible."<br />
<br />
"For most of the Christians, this is not an issue of going against the authorities. They have been using (the word "Allah") for a long time," he said.<br />
<br />
Church officials say Allah is not exclusive to Islam but is an Arabic word that predates Islam.<br />
<br />
Besides the Bible seizures, Malaysia has been embroiled in other religious disputes. Some were over the conversion of minors to Islam and the religion of deceased people who are said to have converted to Islam secretly before their death. Hindus have also protested the demolition of several temples by authorities.</div>]]></content:encoded>
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         <title>Where paths of faith converge</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18575</link>
         <description>&lt;div&gt;&lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_a1bIqfODvW&quot; target=&quot;_blank&quot; href=&quot;http://www.goskagit.com/home/article/where_paths_of_faith_converge/&quot; name=&quot;aptureLink_a1bIqfODvW&quot;&gt;Source:&lt;/a&gt;
&lt;br /&gt;
As the 35 youth at &lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_Ic3RPobNJi&quot; target=&quot;_blank&quot; href=&quot;http://www.goskagit.com/article_images/8_15_ST_Camp_brotherhood_1.jpg&quot; name=&quot;aptureLink_Ic3RPobNJi&quot;&gt;Camp Brotherhood&lt;/a&gt; entered the chapel Tuesday, the laughing, shouting and talking fell to a low murmur.&lt;br /&gt;
&lt;br /&gt;
Some even took off their shoes as they entered the worship space to s&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen/Everyones_Blog_Posts_-_The_Watchmen-Where_paths_of_faith_converge.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
         <guid isPermaLink="false"></guid>
         <pubDate>Sat, 07 Nov 2009 12:17:34 -0800</pubDate>
         <content:encoded><![CDATA[<div>
<a rel="nofollow" id="aptureLink_a1bIqfODvW" target="_blank" href="http://www.goskagit.com/home/article/where_paths_of_faith_converge/" name="aptureLink_a1bIqfODvW">Source:</a><br />
<br />
As the 35 youth at <a rel="nofollow" id="aptureLink_Ic3RPobNJi" target="_blank" href="http://www.goskagit.com/article_images/8_15_ST_Camp_brotherhood_1.jpg" name="aptureLink_Ic3RPobNJi">Camp Brotherhood</a> entered the chapel Tuesday, the laughing, shouting and talking fell to a low murmur.<br />
<br />
Some even took off their shoes as they entered the worship space to see three chest-high, wooden pedestals set up in front of the altar. One held the Bible, one the Torah, and another the Quran.<br />
<br />
The Rev. William Treacy, Camp Brotherhood’s co-founder and chaplain, introduced the books to the group and invited each person to look through them while Rev. Heidi Fish, executive director, chanted “hallelujah.”<br />
<br />
“This is the vision we had 40 years ago,” Treacy said of the facility east of Conway. “It’s a vision that took 40 years to get going.”<br />
<br />
That vision turned into the 2009 Interfaith Youth Summit, a gathering of young adults ages 12 to 17 from many different faiths. Among the 35 youth were Mormons, Seventh-day Adventists, Muslims, Jews and other Christians.<br />
<br />
The teens spent the weekend meeting in small and large groups to talk about their faiths, but most importantly to listen and learn about other beliefs. The weekend peaked at a campfire Tuesday evening when the teens burned pieces of paper on which they had written stereotypes and assumptions about their religions.<br />
<br />
The summit’s facilitator, Julie Hanson, 44, of Edmonds, said it was challenging to bring up the stereotypes, but the group trusted each other.<br />
<br />
“We’re going to bring these questions up, but they’re not being said with hatred,” Hanson said.<br />
<br />
Now age 90, Treacy said the gathering is why he and Rabbi Raphael Levine first envisioned the camp in 1966, and conceived Camp Brotherhood. Now Treacy is seeing the idea in action.<br />
<br />
“It’s one of the best programs we’ve had in Camp Brotherhood,” Treacy said.<br />
<br />
The story of how Treacy and Levine turned a dairy farm east of Conway into Camp Brotherhood almost sounds like the start of a joke — a priest and a rabbi walked into a television studio.<br />
<br />
Levine convinced KOMO TV in Seattle to air a weekly program called “Challenge” in which he, Treacy and a Protestant pastor talked about faith, religion and current events in an open, round-table format. The program aimed to ease religious tensions as the country elected its first Catholic president, John F. Kennedy. The show aired for 14 years from 1960 to 1974.<br />
<br />
Midway through, the group decided to create a place where young Christians, Muslims and Jews could get together and learn about each other in a non-confrontational setting.<br />
<br />
Treacy first became interested in teaching people about his faith and learning about other faiths in 1948, when he created and distributed newspaper advertisements across Washington for the Archdiocese of Seattle.<br />
<br />
“It was just a culmination of my whole priesthood,” Treacy said. “I consider it part of my ministry.”<br />
<br />
In 1968, when the first building at Camp Brotherhood was constructed, the idea flopped. Treacy and Levine had the vision, 300 acres of land and the newly built Fisher Lodge, named for the Fisher family associated with KOMO and Fisher Broadcasting. But the religious community was uninterested.<br />
<br />
Treacy said a number of problems contributed. Most denominations and religions already had their own camps, but many people were dubious of Treacy and Levine’s camp.<br />
<br />
“Jews and Christians and Muslims getting together? People thought it was a cult,” Treacy said. “They could not believe it was a reality.”<br />
<br />
Fish, the camp’s executive director and an ordained Lutheran pastor, said the camp has been misunderstood for much of its existence and often confused with a nearby naturalist community.<br />
<br />
“People don’t know what we are,” Fish said. “There are people who have been convinced that we’re a cult; we’ve had people think we’re a nudist club.”<br />
<br />
For 40 years, the camp continued to offer lodging and kitchen facilities to public and non-profit organizations, such as schools, art clubs and faith groups. But Treacy and the board didn’t want to be running what they began seeing as a hotel, and about 20 years ago considered selling the land entirely and dissolving the organization.<br />
<br />
Treacy said he was discouraged by the lack of interest in interfaith gatherings. Levine did not even live long enough to see the youth summit in existence.<br />
<br />
But after the Sept. 11 terrorist attacks, Treacy said people were suddenly more aware of other nationalities and religions.<br />
<br />
“There is a movement, a cultural maturation,” Treacy said. “You see it in racial relations, you see it in the election of (President Barack) Obama. There comes a time when people are ready for change. I think we’re nearing that now.”<br />
<br />
One week before the Interfaith Youth Summit, religious leaders from various faith organizations gathered at Camp Brotherhood for the Regional Interfaith Leadership Summit run by Northwest Interfaith Community Outreach.<br />
<br />
Rabbi Ted Falcon, who helped lead the day of prayer and workshops, said the work of Camp Brotherhood may have been slow to start, but the difference it has made will be lasting.<br />
<br />
“It has created a greater consciousness that such things are not only possible but desirable,” Falcon said. “The whole idea that the camp was formed by a rabbi and a priest is truly unique. I don’t know any other place like this.”<br />
<br />
Before the adults headed off to workshops, a Tibetan Buddhist led the group that included Christians, Jews and Muslims in a meditative walk around the room, ringing bells and chanting in a foreign language.<br />
<br />
Treacy watched from the side. At 90, he wears no glasses and carries no cane. As he walked through the crowd, people stopped to hug him and talk with him.<br />
<br />
“I call him the best Muslim I know,” said Jamal Rahman, Sufi minister for the Interfaith Community Church in Seattle.<br />
<br />
Rahman said the word “Muslim” means “one who is surrendered to God.”<br />
<br />
At the Youth Summit, Treacy talked with the 12- to 17-year-olds as they wrapped up their weekend and summed up what they had learned. Treacy encouraged them to continue the relationships they had formed, whether on Facebook, at a bowling alley or over dinner.<br />
<br />
Many of the teens met each other for the first time that weekend, and most had little interaction with other faiths, but they bonded instantly.<br />
<br />
“Right off the bat, it’s like everyone has known each other for five years,” said Iman Baghai, 14, of Seattle. “And then all these ethnic stereotypes just crash.”<br />
<br />
Baghai said he had never met someone from a Seventh-day Adventist community, and he appreciated dispelling myths about his Muslim faith.<br />
<br />
“It can range from having so many kids to blowing things up,” Baghai said of the assumptions people have made about his faith. “It kind of gets to you and it gets annoying. This kind of discussion eases the pain.”<br />
<br />
Even though Treacy lived his life as a Catholic priest, which committed him to Christian teachings, he said he believes these kinds of conversations are exactly what Jesus encouraged. Treacy said Jesus never turned people away.<br />
<br />
“He ate with them, went to their homes, cooked meals with them,” Treacy said. “The way of Jesus is simply the way of love. If I give a blood transfusion to a Muslim or a Hindu, I’m doing what Jesus wanted me to do.”<br />
<br />
• Aaron Burkhalter can be reached at 360-416-2141 or aburkhalter@skagitpublishing.com.</div>]]></content:encoded>
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         <title>Black cardinal in pole position to be next pope</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18574</link>
         <description>&lt;div&gt;&lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_4sHdt2UdU7&quot; target=&quot;_blank&quot; href=&quot;http://scotlandonsunday.scotsman.com/world/Black-cardinal-in-pole-position.5764189.jp&quot; name=&quot;aptureLink_4sHdt2UdU7&quot;&gt;The Scotsman&lt;/a&gt;
&lt;br /&gt;
&lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_UqgQfNF2ce&quot; target=&quot;_blank&quot; href=&quot;http://en.wikipedia.org/wiki/Pope%20Benedict%20XVI&quot; name=&quot;aptureLink_UqgQfNF2ce&quot;&gt;POPE Benedict&lt;/a&gt; has appointed a Ghanaian cardinal to one of the most influential jobs in the Vatican, increasing the possibility that the next pontiff might be a black man.&lt;br /&gt;
&lt;br /&gt;
He named Cardin&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen/Everyones_Blog_Posts_-_The_Watchmen-Black_cardinal_in_pole_position_to_be_next_pope.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Sat, 07 Nov 2009 10:00:00 -0800</pubDate>
         <content:encoded><![CDATA[<div>
<a rel="nofollow" id="aptureLink_4sHdt2UdU7" target="_blank" href="http://scotlandonsunday.scotsman.com/world/Black-cardinal-in-pole-position.5764189.jp" name="aptureLink_4sHdt2UdU7">The Scotsman</a><br />
<br />
<a rel="nofollow" id="aptureLink_UqgQfNF2ce" target="_blank" href="http://en.wikipedia.org/wiki/Pope%20Benedict%20XVI" name="aptureLink_UqgQfNF2ce">POPE Benedict</a> has appointed a Ghanaian cardinal to one of the most influential jobs in the Vatican, increasing the possibility that the next pontiff might be a black man.<br />
<br />
He named Cardinal <a rel="nofollow" id="aptureLink_vCYR6zRFxq" target="_blank" href="http://74.54.19.227/news/849/84947055.optim.jpg" name="aptureLink_vCYR6zRFxq">Peter Kodwo Appiah Turkson</a>, of Cape Coast, Ghana, to head the justice and peace commission, a position roughly equivalent to justice minister.<br />
<br />
Turkson, 61, Ghana's first cardinal, becomes only the second African to head the body,<br />
which advises the Pope and the Vatican on justice issues and prepares documents on topics such as human rights, immigration and law.<br />
<br />
He has just completed a high-profile stint as the relator, or secretary-general, of the three-week synod on Africa that ends on Sunday, and has been tipped in Church circles to be a strong candidate for the papacy after the death of Benedict.<br />
<br />
Turkson's new appointment will give him increased visibility in the Roman Catholic Church and around the world.<br />
<br />
The Catholic Church is growing faster in Africa than on any other continent and Turkson has years of experience in relations with Islam, an attribute that should stand him in good stead for a shot at the papacy.<br />
<br />
He was born in Ghana and educated there as well as in the United States. At the start of the synod three weeks ago, Turkson was asked if, after Barack Obama became the first black US president, the next pope could be an African. He answered: "Why not?"<br />
<br />
There have been only two African popes in the history of the Church, the last in the fifth century.</div>]]></content:encoded>
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         <title>Vatican's fury as court bans crucifixes in Italian classrooms because they 'breach religious rights of children'</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18557</link>
         <description>&lt;div&gt;&lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_1gTzJdvPwb&quot; target=&quot;_blank&quot; href=&quot;http://i.dailymail.co.uk/i/pix/2009/11/03/article-1224954-0058EB251000044C-310_233x423.jpg&quot; name=&quot;aptureLink_1gTzJdvPwb&quot;&gt;Crucifixes&lt;/a&gt; have been banned in Italian schools by a ruling from the European Court of Human Rights.
&lt;br /&gt;
The decision has enraged politicians, with Italy's foreign minister Franco Frattini saying: 'This is a death blow for a Europe of values and rights.&lt;br /&gt;
&lt;br /&gt;
'Europe's roots lie in its Christian identity. At a time when we'r&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen/Everyones_Blog_Posts_-_The_Watchmen-Vaticans_fury_as_court_bans_crucifixes_in_Italian_classrooms_because_they_breach_religious_rights_of.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Thu, 05 Nov 2009 11:47:23 -0800</pubDate>
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<a rel="nofollow" id="aptureLink_1gTzJdvPwb" target="_blank" href="http://i.dailymail.co.uk/i/pix/2009/11/03/article-1224954-0058EB251000044C-310_233x423.jpg" name="aptureLink_1gTzJdvPwb">Crucifixes</a> have been banned in Italian schools by a ruling from the European Court of Human Rights.<br />
<br />
The decision has enraged politicians, with Italy's foreign minister Franco Frattini saying: 'This is a death blow for a Europe of values and rights.<br />
<br />
'Europe's roots lie in its Christian identity. At a time when we're trying to bring religions closer, the Christian religion gets whacked.<br />
<br />
'The government will appeal.'<br />
<br />
The case was brought by a Finnish woman, Soile Lautsi, who is married to an Italian.<br />
<br />
Both are atheists. She had complained that her children had to attend a school in northern Italy which had crucifixes in every room, as laid down in law as a reflection of the country's Roman Catholic heritage.<br />
<br />
The European court's ruling, which will be enforced in three months, said crucifixes could disturb children who were not Christians.<br />
<br />
It could force a Europe-wide review of the use of religious symbols in government-run schools.<br />
<br />
The court rejected arguments by Italy's government that the crucifix was a national symbol of culture, history and identity, tolerance and secularism.<br />
<br />
And it ordered the Italian government to pay 5000 Euro moral damages to Lautsi.<br />
<br />
The judgement said that having a crucifix in the classroom was a 'violation of the right to parents to educate children as to their own wishes and a violation of liberty of religion of pupils'.<br />
<br />
Italy has been in the throes of national debate on how to deal with a growing population of immigrants, mostly Muslims, and the court sentence is likely to become another battle cry for the centre-right government's policy to restrict newcomers.<br />
<br />
Army veteran banned from selling poppies in shopping centre over health and safety rules<br />
<br />
Education Minister Mariastella Gelmini said having a cross in the classroom was ' a symbol of our tradition.'<br />
<br />
Fascist dictator Benito Mussolini introduced legislation in 1924 ordering all classrooms to display crucifixes. Despite several attempts to have the law overturned in recent years it has stood.<br />
<br />
Mrs Lautsi, a Finnish national, said that she felt having a crucifix in the classroom where her children Dataico, 11, and Sami Albertin, 13, were taught was a 'violation of their freedom' and of 'right to freedom of religion'.<br />
<br />
The eight-year case centred on a State primary school in Abano Terme near Padua in northern Italy and she brought the case to Strasbourg after her local court threw it out.<br />
<br />
Today in a 16-page decision the seven judges of the Court of Human Rights in Strasbourg ruled in her favour, saying: 'The presence of the crucifix could easily be interpreted by pupils of all ages as a religious sign and they would feel that they were being educated in a school environment bearing the stamp of a given religion.<br />
<br />
'This could be encouraging for religious pupils, but also disturbing for pupils who practised other religions or were atheists, particularly if they belonged to religious minorities.'<br />
<br />
The court added that secular, state-run schools must 'observe confessional neutrality in the context of public education,' where attendance is compulsory.<br />
<br />
It further rejected Italian legal arguments that the crucifix was somehow a symbol that promoted pluralism.<br />
<br />
Today a Vatican spokesman said: 'We will look closely at the judgement before making any comment.'<br />
<br />
However a Vatican source said: 'This goes completely against the grain and we are furious at this decision.'<br />
<br />
Conservative Catholic politicians were also furious with Agriculture Minister Luca Zaia of the Northern League calling it 'shameful' and a member of PM Silvio<br />
Berlusconi's People of Freedom Party, Antonio Mazzocchi, saying that Europe was forgetting its Christian heritage.<br />
<br />
Alessandra Mussolini, whose grandfather brought in the legislation, stormed: 'This is an attempt to erase our Christian roots. They are trying to create a Europe without identity and tradition.'<br />
<br />
Crucifixes are common in Italian public buildings despite the postwar Constitution's separation of Church and State. In practice, with Catholicism being such a part of Italy's cultural identity, local bodies decide whether they want crosses in schools and courthouses, and the majority of them do.<br />
<br />
There has been outrage in the past after it emerged some Italian schools had dropped Nativity plays and Easter plays so as not offend Muslim pupils and other religions.<br />
<br />
<a rel="nofollow" id="aptureLink_arogEpbTWd" target="_blank" href="http://www.dailymail.co.uk/news/worldnews/article-1224954/Vaticans-fury-court-bans-crucifixes-Italian-classroom-breach-religious-rights-children.html#ixzz0W11RzNSM" name="aptureLink_arogEpbTWd">The Daily Mail</a></div>]]></content:encoded>
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         <title>Pope invites Tony Blair to Vatican summit to discuss Church's fears that politics is losing its religion</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18556</link>
         <description>&lt;div&gt;&lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_efTLINXo4z&quot; target=&quot;_blank&quot; href=&quot;http://i.dailymail.co.uk/i/pix/2009/11/04/article-1225250-07151794000005DC-48_468x256.jpg&quot; name=&quot;aptureLink_efTLINXo4z&quot;&gt;Losing influence: Pope Benedict XVI greets pilgrims before his weekly address at the Vatican today&lt;/a&gt;
&lt;br /&gt;
Catholic convert &lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_9UzRf2CRBK&quot; target=&quot;_blank&quot; href=&quot;http://i.dailymail.co.uk/i/pix/2009/11/04/article-1225250-0709C814000005DC-14_233x423.jpg&quot; name=&quot;aptureLink_9UzRf2CRBK&quot;&gt;Tony Blair&lt;/a&gt; is among several world leaders&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen/Everyones_Blog_Posts_-_The_Watchmen-Pope_invites_Tony_Blair_to_Vatican_summit_to_discuss_Churchs_fears_that_politics_is_losing_its_relig.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Thu, 05 Nov 2009 09:37:21 -0800</pubDate>
         <content:encoded><![CDATA[<div>
<a rel="nofollow" id="aptureLink_efTLINXo4z" target="_blank" href="http://i.dailymail.co.uk/i/pix/2009/11/04/article-1225250-07151794000005DC-48_468x256.jpg" name="aptureLink_efTLINXo4z">Losing influence: Pope Benedict XVI greets pilgrims before his weekly address at the Vatican today</a><br />
<br />
Catholic convert <a rel="nofollow" id="aptureLink_9UzRf2CRBK" target="_blank" href="http://i.dailymail.co.uk/i/pix/2009/11/04/article-1225250-0709C814000005DC-14_233x423.jpg" name="aptureLink_9UzRf2CRBK">Tony Blair</a> is among several world leaders being invited to attend a top level summit with Pope Benedict XVI to discuss the role of the Church in politics.<br />
<br />
The two-day summit will be held at the Vatican and will include other Catholic politicians from all over the world, including German chancellor Angela Merkel, U.S. vice president Joe Biden, former Spanish PM Jose Maria Aznar, and Italian Prime Minister Silvio Berlusconi.<br />
<br />
Church officials have been quietly working on the conference, which will be called 'Witnesses of Christ in the Political Community', for several months.<br />
<br />
Items to be discussed include the family, right to life, Christian roots, education and bio-ethics.<br />
<br />
Vatican sources said that Pope Benedict XVI was becoming 'increasingly concerned' at how Christian values were being eroded because of various world governments introducing legislation against Catholic teaching.<br />
<br />
During his time in office Mr Blair chose to remain a member of the Church of England after spin doctor Alistair Campbell famously warned him: 'We don't do religion.'<br />
<br />
Some Labour policies were at odds with the Catholic Church and Mr Blair even incurred the wrath of the late Pope John Paul II by refusing to back down over the 2003 invasion of Iraq.<br />
<br />
The former Prime Minister famously converted to Catholicism after he left Downing Street in 2007.<br />
<br />
He has met current Pope Benedict XVI and he has also set up The Tony Blair Faith Foundation. Two months ago he told the Communion and Liberation Committee in Rimini, Italy, that switching to Catholicism was like 'coming home' and is now 'where my heart is.'<br />
<br />
Vatican sources said the timing of the meeting would be pushed forward to early next year given the decision earlier this week by the European Court of Human Rights that Italy should remove crucifixes from classrooms.<br />
<br />
A senior Vatican official said: 'There is growing alarm within the Vatican and especially the Holy Father that not enough prominence is being given to basic Christian and family values by governments.<br />
<br />
'This has been further increased by this week's ruling by the European Court of Human rights and the display of crucifixes in Italian classrooms - it is outrageous that such an institution could interfere in the cultural heritage of Italy in such a way.'<br />
<br />
The landmark decision caused outrage amongst Italian politicians and was also slammed by the Vatican who described it as 'wrong, short sighted and regretful.'<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.dailymail.co.uk/news/worldnews/article-1225250/Pope-invites-Tony-Blair-Vatican-summit-role-religion-politics.html?ITO=1490#ixzz0Vz9zPfU7">The Daily Mail</a></div>]]></content:encoded>
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         <title>Pope calls for strengthening of religious freedom in Iran</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18554</link>
         <description>&lt;div&gt;By John Thavis
Posted: 11/2/2009&lt;br /&gt;
&lt;br /&gt;
VATICAN CITY (CNS) -- Pope Benedict XVI called on Iran to strengthen guarantees of religious freedom for the country's tiny Catholic minority.&lt;br /&gt;
&lt;br /&gt;
Welcoming Iran's new ambassador to the Vatican Oct. 29, the pope praised the &quot;deep religious sensibility&quot; of the Iranian people, and said the Catholic community there -- which dates to the church's early centuries -- has a long history of living in harmony with the Muslim majority.&lt;br /&gt;
&lt;br /&gt;
&quot;The Holy See tr&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen/Everyones_Blog_Posts_-_The_Watchmen-Pope_calls_for_strengthening_of_religious_freedom_in_Iran.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Thu, 05 Nov 2009 08:55:52 -0800</pubDate>
         <content:encoded><![CDATA[<div>
By John Thavis<br />
Posted: 11/2/2009<br />
<br />
VATICAN CITY (CNS) -- Pope Benedict XVI called on Iran to strengthen guarantees of religious freedom for the country's tiny Catholic minority.<br />
<br />
Welcoming Iran's new ambassador to the Vatican Oct. 29, the pope praised the "deep religious sensibility" of the Iranian people, and said the Catholic community there -- which dates to the church's early centuries -- has a long history of living in harmony with the Muslim majority.<br />
<br />
"The Holy See trusts that the Iranian authorities will know how to strengthen and guarantee for Christians the freedom to profess their faith," the pope told the ambassador, Ali Akbar Naseri, in a speech.<br />
<br />
He said the Vatican expects the Iranian government to "assure to the Catholic community the essential conditions for its existence, notably the possibility of having sufficient religious personnel and ease of movement throughout the country to ensure religious services for the faithful."<br />
<br />
The pope said he hoped for a dialogue with authorities that would help "improve the situation of Christian communities" in the context of civil society, as well as reinforce their sense of belonging to the life of the nation.<br />
<br />
In Iran, a country of about 70 million people, there are about 100,000 Christians, the vast majority of whom are Armenian Orthodox. According to Vatican statistics, Catholics number about 17,000.<br />
<br />
The pope avoided specific mention of international political issues, including Iran's nuclear energy program. But the ambassador used his speech to the pontiff to denounce critics of the Iranian nuclear program, as well as what he called the "Islamophobic politics" of the West.<br />
<br />
The ambassador said Iran's program to develop a nuclear energy program is in line with international norms and reflects Iran's support for nuclear disarmament.<br />
<br />
He said it was a source of "amazement and strong protest" that Iran's peaceful nuclear program has been obstructed by some powerful nations, while countries that have nuclear weapons continue to be supported.<br />
<br />
The United States and other Western countries fear that Iran could turn enriched uranium into weapons, and as a compromise solution the International Atomic Energy Agency recently proposed that Iran ship and store most of its uranium abroad. The proposal was being given consideration by Iran.<br />
<br />
The ambassador said Iran's Christians have always enjoyed respect for their rights. He noted that despite their low numbers the country's Christians still are allocated three parliamentary seats.<br />
<br />
The ambassador outlined a wide array of potential areas for Iranian-Vatican cooperation, saying the two states shared common positions against atheism, social injustice and oppression, the use of weapons of mass destruction, terrorism -- in particular religious terrorism -- and the "military aggression of arrogant powers."<br />
<br />
He also complained of an "imperialism of information" in the modern world, and the "spread of immorality" through satellite dishes and the Internet.<br />
<br />
In resolving world problems, the ambassador said, a decisive contribution can be made by "the two great Abrahamic religions, Christianity and Islam." He omitted Judaism, the third monotheistic religion with a spiritual tradition that goes back to Abraham.<br />
<br />
In his speech, the pope said faith in God should prompt all believers to work for the defense of human values and rights, beginning with religious liberty and freedom of conscience. He noted with satisfaction the series of regular dialogue sessions between the Vatican and Iranian Muslim representatives in recent years.<br />
<br />
The pope thanked the ambassador for the "kind words" of his speech, and for the greeting he brought from Iranian President Mahmoud Ahmadinejad.</div>]]></content:encoded>
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         <title>Fannie Mae to Rent Foreclosed Homes Back to Borrowers</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7702</link>
         <description>&lt;div&gt;Nick Timiraos | &lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_hkybj0jn8g&quot; target=&quot;_blank&quot; href=&quot;http://online.wsj.com/article/SB125743289932030933.html?mod=WSJ_hpp_MIDDLTopStories&quot; name=&quot;aptureLink_hkybj0jn8g&quot;&gt;The Wall Street Journal&lt;/a&gt; | November 5, 2009
&lt;br /&gt;
Fannie Mae plans to allow homeowners facing foreclosure to stay in their homes and rent them for up to one year as part of the latest effort to help troubled borrowers while keeping a glut of foreclosed properties from hitting the housing market.&lt;br /&gt;
&lt;br /&gt;
The Deed for Lea&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen-finance-and-tec/Everyones_Blog_Posts_-_The_Watchmen_Finance_and_Te-Fannie_Mae_to_Rent_Foreclosed_Homes_Back_to_Borrowers.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Thu, 05 Nov 2009 08:02:17 -0800</pubDate>
         <content:encoded><![CDATA[<div>
Nick Timiraos | <a rel="nofollow" id="aptureLink_hkybj0jn8g" target="_blank" href="http://online.wsj.com/article/SB125743289932030933.html?mod=WSJ_hpp_MIDDLTopStories" name="aptureLink_hkybj0jn8g">The Wall Street Journal</a> | November 5, 2009<br />
<br />
Fannie Mae plans to allow homeowners facing foreclosure to stay in their homes and rent them for up to one year as part of the latest effort to help troubled borrowers while keeping a glut of foreclosed properties from hitting the housing market.<br />
<br />
The Deed for Lease Program, which Fannie plans to roll out on Thursday, will offer borrowers who fail to complete or don't qualify for a loan modification or other workout to deed their property to the lender in exchange for a lease. Borrowers-turned-tenants will be able to sign leases of up to 12 months and will pay market rents, which in most cases are lower than the cost of mortgage payments.<br />
<br />
Fannie Mae wouldn't say how many homeowners it expects will take advantage of the program. The company acquired 57,000 properties through foreclosure during the first half of the year, bringing its total real-estate owned inventory to 63,000 properties valued at $6 billion. The rental program will allow Fannie to hold inventory off of already saturated housing markets and makes a bet that the housing market will be stronger one year from now.<br />
<br />
"If you keep more people in their homes, it's better for the community. It's better for the financial institutions that own those homes," says Jay Ryan, vice president of equity investments at Fannie Mae. "Hopefully less foreclosure product on the market will help stabilize those communities."<br />
<br />
Borrowers who haven't missed any mortgage payments aren't eligible for the program, and the borrower's mortgage servicer would have to show that a borrower isn't eligible for a loan modification before the homeowner could apply for the Deed for Lease program.<br />
More Housing News<br />
<br />
* Developments: FHA Postpones Audit as Bailout Worries Mount<br />
* Housing: Tax Credit Would Keep Prices Up<br />
<br />
"I'm sure Fannie is hoping that when they sell the properties, the values will be higher," says David Berson, chief economist for PMI Group Inc., a private-mortgage insurer. "A year from now, we should be a year further into the economic recovery, and housing demand will be stronger…That will allow you to release homes that have been foreclosed upon but not put on the market."<br />
<br />
The program could also help Fannie preserve the value of its nonperforming assets because occupied homes are more likely to hold up better that vacant homes. The rental programs also provide some rental income to the government-backed mortgage finance giants.<br />
<br />
"If they can keep the property occupied and have at least some positive cash flow, that may end up being less worse than going the route of kicking them out and having a vacant home," says Thomas Lawler, an independent housing economist based in Leesburg, Va.<br />
<br />
The move by Fannie follows a program by Freddie Mac that began offering month-to-month leases to owner-occupants who had lost their homes to foreclosure. But Freddie continues to market those homes for sale. The Fannie Mae program differs in one important respect: foreclosed homes won't be listed for sale. In February, both companies began allowing tenants whose landlords had lost their properties to foreclosure to sign month-to-month leases.<br />
<br />
Borrowers will have to show that the monthly rent is less than 31% of their gross income. The program, which will use a professional management company to handle maintenance, will allow borrowers to renew their leases on a term or monthly basis and properties that are sold during the lease period will include an assignment of that lease to the new owner.<br />
<br />
So far, around two-thirds of owner-occupants who have been offered monthly leases by Freddie Mac have taken them, and the break down of owner-occupants to tenants who have rented under the program is roughly two-to-one.<br />
<br />
Freddie Mac says it is considering whether to extend longer-term leases to some troubled homeowners. "We're looking into our options because there are certain markets where there's just so much inventory on the market," said Ingrid Beckles, senior vice president of default asset management at Freddie Mac.<br />
<br />
In recent months, some industry analysts have been puzzled over why more homes haven't been put up for sale as the rate of borrowers who default climbs higher. Well-intentioned efforts to keep families in their homes have led to delays that some analysts believe is prolonging the mortgage crisis by creating a "shadow" inventory of pent-up supply that will ultimately hit the market.<br />
<br />
That has prompted some to question the logic of keeping homes off of the market at a time when demand for bank-owned properties has been soaring. The number of foreclosed properties for sale in Las Vegas, for example, has fallen to a less than three months' supply, according to SalesTraq, a local real-estate research firm. But housing demand typically falls in the winter, and the number of foreclosures continues to grow. "We're past the peak of when you would want to sell," says Mr. Lawler.<br />
<br />
Over the past year, the Obama administration has increasingly used Fannie Mae and Freddie Mac as the centerpiece of its housing-rescue policy, charging the mortgage-finance companies with spearheading a campaign to modify and refinance millions of troubled and at-risk homeowners. The rental programs join a series of other initiatives, including efforts to improve short sales, where a borrower sells the home for less than the value of the mortgage designed to help borrowers that may not qualify for those programs.<br />
<br />
Write to Nick Timiraos at nick.timiraos@wsj.com</div>]]></content:encoded>
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         <title>Scots Secretary Jim Murphy In Rome To Plan Pope's Visit To Scotland</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18536</link>
         <description>&lt;div&gt;JIM MURPHY will travel to Rome this week to finalise a deal to bring the Pope to Scotland.
&lt;br /&gt;
The Scottish Secretary will have talks with the Vatican about the details of Pope Benedict's tour of the UK next year.&lt;br /&gt;
&lt;br /&gt;
It follows a meeting last week between Murphy and Prime Minister Gordon Brown, who invited the Pope to Britain when he met him at the Vatican in February.&lt;br /&gt;
&lt;br /&gt;
A preliminary itinerary included visits to Edinburgh, Birmingham and Oxford.&lt;br /&gt;
&lt;br /&gt;
And it's now hoped a trip to Gla&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen/Everyones_Blog_Posts_-_The_Watchmen-Scots_Secretary_Jim_Murphy_In_Rome_To_Plan_Popes_Visit_To_Scotland.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Mon, 02 Nov 2009 18:13:52 -0800</pubDate>
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JIM MURPHY will travel to Rome this week to finalise a deal to bring the Pope to Scotland.<br />
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The Scottish Secretary will have talks with the Vatican about the details of Pope Benedict's tour of the UK next year.<br />
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It follows a meeting last week between Murphy and Prime Minister Gordon Brown, who invited the Pope to Britain when he met him at the Vatican in February.<br />
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A preliminary itinerary included visits to Edinburgh, Birmingham and Oxford.<br />
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And it's now hoped a trip to Glasgow will be on his schedule.<br />
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Pope John Paul II said Mass in the city's Bellahouston Park and at Murrayfield in Edinburgh during his historic 1982 visit.<br />
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An insider said: "Jim has been given a lot of responsibility for liaising with the Vatican, not just in terms of the possibility of the Pope coming to Scotland. He's also taking a lead in terms of smoothing things over for the whole of the Pope's tour.<br />
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"It's now looking more likely that the Pope will come to Scotland."<br />
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Cardinal Keith O'Brien, leader of the Catholic Church in Scotland, will be with him in Rome.<br />
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It's thought that a formal announcement over the papal visit will be made either by the Vatican or the Government before Christmas.<br />
<br />
Murphy said: "A visit from the Pope would be a fantastic occasion and welcomed by all faiths.<br />
<br />
"It is too early to say if the Pope will be coming to Scotland next year but it certainly won't be for a lack of trying on my part."<br />
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m.aitken@sundaymail.co.uk<br />
<br />
<a rel="nofollow" id="aptureLink_zLgbGUgQK3" target="_blank" href="http://www.sundaymail.co.uk/news/scottish-news/2009/10/25/scots-secretary-jim-murphy-in-rome-to-plan-pope-s-visit-to-scotland-78057-21772193/" name="aptureLink_zLgbGUgQK3">The Sunday Mail</a></div>]]></content:encoded>
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         <title>Pope Benedict’s ‘Impelling Duty’: Rebuild the Full and Visible Unity of the Church</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18535</link>
         <description>&lt;div&gt;By Deacon Keith Fournier
10/24/2009&lt;br /&gt;
Catholic Online&lt;br /&gt;
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'To reunite all his children, scattered and led astray by sin, the Father willed to call the whole of humanity together into his Son's Church'.&lt;br /&gt;
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CHESAPEAKE, Va. (Catholic Online) – On April 20, 2005 newly elected Pope Benedict XVI gave his first message at the end of a Mass he had concelebrated with the members of the College of Cardinals in the Sistine Chapel. He signaled his mission: “Nourished and sustained by the Euch&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen/Everyones_Blog_Posts_-_The_Watchmen-Pope_Benedicts_Impelling_Duty-_Rebuild_the_Full_and_Visible_Unity_of_the_Church.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Mon, 02 Nov 2009 18:12:09 -0800</pubDate>
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By Deacon Keith Fournier<br />
10/24/2009<br />
Catholic Online<br />
<br />
'To reunite all his children, scattered and led astray by sin, the Father willed to call the whole of humanity together into his Son's Church'.<br />
<br />
CHESAPEAKE, Va. (Catholic Online) – On April 20, 2005 newly elected Pope Benedict XVI gave his first message at the end of a Mass he had concelebrated with the members of the College of Cardinals in the Sistine Chapel. He signaled his mission: “Nourished and sustained by the Eucharist, Catholics cannot but feel encouraged to strive for the full unity for which Christ expressed so ardent a hope in the Upper Room. The Successor of Peter knows that he must make himself especially responsible for his Divine Master's supreme aspiration. Indeed, he is entrusted with the task of strengthening his brethren (cf. Luke 22: 32). With full awareness, therefore, at the beginning of his ministry in the Church of Rome which Peter bathed in his blood, Peter's current Successor takes on as his primary task the duty to work tirelessly to rebuild the full and visible unity of all Christ's followers. This is his ambition, his impelling duty.”<br />
<br />
The announcement of October 20, 2009 that an Apostolic Constitution will establish a “Personal Ordinariate” for Anglican Christians and their Clergy to enter into the full communion of the Catholic Church while retaining elements of their distinctive Anglican identity is generating a lot of Press. Secular news sources have offered some interesting analysis. A Wall Street Journal article written by Stacy Meichtry was entitled ,“The Great Unifier?” Though worth reading, it is the Title which will endure. The question mark will fall away as this historic moment unfolds over the coming years. Pope Benedict XVI is indeed the “Great Unifier.” The writer claims “Few expected Pope Benedict to reach out to other Christian churches aggressively when he was elected in April 2005”. However, anyone aware of the writings, history and ecclesiology (theology of the Church) of Joseph Cardinal Ratzinger, now Pope Benedict XVI, knew this would happen. In fact, I believe he is only warming up.<br />
<br />
A Wall Street Journal article written by Francis X. Rocca entitled “The Pope Lets a Thousand Liturgies Bloom” is also worth reading. The Vatican correspondent for the Religious news Service wrote: “It may seem ironic that Pope Benedict should be presiding over such diversification of worship. After all, as head of the Vatican's doctrinal office for more than two decades prior to his 2005 election as pope, then-Cardinal Joseph Ratzinger built a reputation as the church's most vigilant guardian of orthodoxy, receiving the nickname "God's Rottweiler." Benedict is hardly permissive when it comes to liturgy. …Though even most Catholics are not aware of it, many sanctioned modes of worship have co-existed within the church over its 2,000-year history. The Ambrosian Rite, celebrated only in certain parts of northern Italy, with its own special prayers, vestments and type of chant, is one of the most ancient, dating back at least to the fourth century. Not to speak of the many Eastern Catholic Churches in full communion with Rome, which share a rich liturgical heritage with Eastern Orthodoxy.”<br />
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Some in the “religious” Press, like Rod Dreher who writes for Beliefnet, are zeroing in on the other implications. Dreher was impressed by the excellent piece written by European Catholic Journalist Sandro Magister entitled “Knock, and It Shall Be Opened to You. As Long As It's According to Tradition.” He discusses Magisters claim in his own analysis entitled “Pope Benedict's Brilliant Strategy.” However, it is more than a strategy by this Pope, it is a mandate. Dreher has just discovered that this Pope really believes that the authentic Christian Tradition is not only about preserving the past and protecting orthodoxy and orthopraxy, but also about securing the path to the future. Many who have observed his ministry for years have known it all along. What is most heartening is that Dreher, a convert to Orthodox Christianity, encourages another aspect of the work of unity undertaken by this Pope, the full communion of the “two lungs” of the Church, East and West.<br />
<br />
Dreher writes: “What a blessing it would be if he and the Orthodox patriarchs could come to an understanding that could pave the way for reunion. Personally, I don't see how it could be done, given the wide divergence between Orthodox and Catholic theology since the Great Schism. But with God, all things are possible -- and I think as a purely secular matter (that is, for the sake of establishing a united front for the preservation and growth of the faith against a de-Christianizing world), re-establishing communion between Eastern and Western Christianity would be great for both. Long may this pope -- and the ecumenism of tradition -- live and prosper!” I say “Amen to that!”<br />
<br />
The authentic ecumenical mission, the full and visible unity of the Church, was at the heart of Pope John Paul’s pontificate – and is at the heart of Pope Benedict’s - because it is in the center of the heart of the Lord. “I pray not only for them, but also for those who will believe in me through their word, so that they may all be one, as you, Father, are in me and I in you, that they also may be in us, that the world may believe that you sent me." (John 17: 20, 21) The Servant of God John Paul II released an Encyclical Letter bearing that scripture as its official name Ut Unum Sint. The implications of that Encyclical Letter have not been grasped by many Catholics. One of my favorite theologians, an Orthodox Layman named Oliver Clement, took up one of the challenges in the Encyclical and wrote a gem of a little book in 1997 entitled “You are Peter: An Orthodox theologians Reflection on the Exercise of Papal Primacy.”<br />
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In Catholic theology we teach what the early fathers, Saints and Councils throughout the ages have all affirmed; to belong to Jesus is to belong to His Body. Our membership in the Church is a participation in the life of God; what the Apostle Peter referred to as a “participation in the Divine nature”. (2 Peter 1:4) We speak of our Christian friends in other Christian communities who have been validly baptized in accordance with a Trinitarian formula as already being in “imperfect communion” with the One Church. This is why Catholics do not “re-baptize” a Christian from another community who comes into the Catholic Church. We speak of them as coming into “full communion” because they are already joined to the one Church in an “imperfect” or incomplete communion.<br />
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The Church is not some “thing”, outside of us, which we try to “fix” or have our “issues” with. The Church is not some human organization we created so that we could meet to study the Bible, support one another and do good works - as commendable as each of those endeavors may be. The Church is God’s Plan. Jesus came to found that Church and begin the New Creation. It is a communion from above into which we enter through Jesus Christ. It is His Body. He is the Head and we are the members. Through our Baptism the Church becomes our home, our mother, the place in which we now live our lives in Christ. To perceive, receive and to live this reality requires a continuing and dynamic conversion brought about by grace, which is mediated to us through the Sacraments and, most especially through our Eucharistic communion. We are sons and daughters of the Church now. In living our lives within her we are enlisted in the mission of carrying forward in time the continuing work of Jesus Christ.<br />
<br />
The Catechism of the Catholic Church, citing several ancient sources, states: “To reunite all his children, scattered and led astray by sin, the Father willed to call the whole of humanity together into his Son's Church. The Church is the place where humanity must rediscover its unity and salvation. The Church is "the world reconciled." She is that bark which "in the full sail of the Lord's cross, by the breath of the Holy Spirit, navigates safely in this world." According to another image dear to the Church Fathers, she is prefigured by Noah's ark, which alone saves from the flood. [St. Augustine, Serm. 96, 7, 9: PL 38, 588; St. Ambrose, De virg. 18, 118: PL 16, 297B; cf. already 1 Pet 3:20-21] [30, 953, 1219]” (#895)<br />
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This Church is both human and divine; thus her members still sin. Sometimes evil enters and rots her from within. Sadly, she has been divided, but that is not the Lord’s Plan. She is the means through which all men and women are invited to participate in the life of God and find true unity. She is, as the fathers were fond of saying, “the world reconciled” and a seed of the Kingdom to come. To her has been entrusted the Sacraments (Mysteries), the Word of God, and the gift of a Teaching Office - Magisterium - through which Jesus Christ continues to speak through the Holy Spirit. The Church is not an optional “extra” that we add on to our lives, she is our life and we live our lives now in Christ. From His wounded side she was birthed at the tree of Calvary, the altar of the new world. Through faith we are invited into this mystery and by grace we come to more fully comprehend and live it as we respond to the ongoing call to conversion and newness of life.<br />
<br />
Pope Benedict’s ‘Impelling Duty’ is to rebuild the full and visible unity of this Church. It will be forged through orthodoxy (right teaching) and orthopraxy (right practice) but it will be lived within a legitimate diversity of expression within the One, Holy, Catholic and Apostolic Church. What happened last week is just the beginning.</div>]]></content:encoded>
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         <title>Supreme Court Refuses to Stop Release of Documents in Priest Sex Cases</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18534</link>
         <description>&lt;div&gt;&lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_3223JMV1w3&quot; target=&quot;_blank&quot; href=&quot;http://www.nytimes.com/2009/11/03/nyregion/03diocese.html?hpw&quot; name=&quot;aptureLink_3223JMV1w3&quot;&gt;WASHINGTON (AP)&lt;/a&gt; — The United States Supreme Court on Monday turned away a last-ditch appeal to stop the release of documents from sexual abuse lawsuits against priests in a Roman Catholic diocese in Connecticut.
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The court refused to hear the appeal from the diocese, in Bridgeport, which has fought for years to prevent the release of the docume&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen/Everyones_Blog_Posts_-_The_Watchmen-Supreme_Court_Refuses_to_Stop_Release_of_Documents_in_Priest_Sex_Cases.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Mon, 02 Nov 2009 17:54:00 -0800</pubDate>
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<a rel="nofollow" id="aptureLink_3223JMV1w3" target="_blank" href="http://www.nytimes.com/2009/11/03/nyregion/03diocese.html?hpw" name="aptureLink_3223JMV1w3">WASHINGTON (AP)</a> — The United States Supreme Court on Monday turned away a last-ditch appeal to stop the release of documents from sexual abuse lawsuits against priests in a Roman Catholic diocese in Connecticut.<br />
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The court refused to hear the appeal from the diocese, in Bridgeport, which has fought for years to prevent the release of the documents. Last month, the justices refused to grant a delay while they considered the diocese’s full appeal.<br />
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The order was issued without comment.<br />
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The New York Times, The Boston Globe, The Washington Post and The Hartford Courant have asked to see the documents. The Connecticut Supreme Court has ruled that more than 12,000 pages from 23 lawsuits against six priests should be unsealed.<br />
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The documents include depositions, affidavits and motions.<br />
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The records have been under seal since the diocese settled the cases in 2001. They could shed light on how Cardinal Edward M. Egan of New York handled the allegations when he was the bishop of Bridgeport.<br />
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The diocese says the First Amendment prohibits civil authorities from intruding in internal church decisions about priest assignments. Diocesan officials released a statement on Monday saying they were disappointed with the decision, but would work with the Connecticut courts on releasing the documents.<br />
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“We continue to believe that the constitutional issues presented, including the First Amendment rights of religious organizations and the privacy rights of all citizens, are significant and important for the court to consider,” the statement said.<br />
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The diocese also said that there had been a “true culture change” in the church, and that leaders had worked hard to address sexual abuse by the clergy and to support victims.<br />
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A hearing was planned for Nov. 9 in Superior Court in Waterbury, Conn., to determine when to release the documents.</div>]]></content:encoded>
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         <title>Vatican Condemns ‘Dangerous’ Halloween</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18514</link>
         <description>&lt;img src=&quot;http://images.dailyexpress.co.uk/img/dynamic/1/285x214/137270_1.jpg&quot;/&gt;&lt;br /&gt;
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&lt;div&gt;THE Vatican yesterday slammed tonight’s Halloween celebrations as “anti-Christian” and “dangerous” because of its links to the occult.
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The ghosts and goblins fun festival falls before tomorrow’s deeply-significant Roman Catholic holy day of All Saints.&lt;br /&gt;
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The condemnation follows similar criticism from Catholic bishops in Spain who earlier his week urged parents not to let their children dress&lt;/div&gt;&amp;hellip;</description>
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         <pubDate>Sat, 31 Oct 2009 19:13:38 -0700</pubDate>
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<div>
THE Vatican yesterday slammed tonight’s Halloween celebrations as “anti-Christian” and “dangerous” because of its links to the occult.<br />
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The ghosts and goblins fun festival falls before tomorrow’s deeply-significant Roman Catholic holy day of All Saints.<br />
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The condemnation follows similar criticism from Catholic bishops in Spain who earlier his week urged parents not to let their children dress up for Halloween.<br />
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The Vatican’s official newspaper L’Osservatore Romano quoted liturgical expert Joan Maria Canals as saying: “Halloween has an undercurrent of occultism and is absolutely anti-Christian.”<br />
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Canals urged parents “to try to direct the meaning of the feast towards wholesomeness and beauty rather than terror, fear and death”.<br />
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L’Osservatore praised a church in Alcala de Henares, Spain, which had decided to hold a prayer vigil tonight, and the Paris archdiocese’s idea of having children play a lucky- dip game called Holywins instead of observing Halloween.<br />
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The article added: “These and similar initiatives in South America allow Catholic communities to have an alternative to the feast.”<br />
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Last year the Italian bishops’ newspaper Avvenire appealed for a total boycott, describing Halloween as a “dangerous celebration of horror and the macabre”.<br />
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The Vatican’s criticism of Halloween comes after it praisedthe witches and wizards saga Harry Potter – an about-face after an earlier strong condemnation of the series.<br />
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Meanwhile, officials from Italy’s Cats Protection League said it would increase patrols of volunteers tonight to stop black cats being snatched by Satanists.<br />
<br />
<a rel="nofollow" id="aptureLink_3hqwDfmszS" target="_blank" href="http://www.express.co.uk/posts/view/137270/Vatican-condemns-dangerous-Halloween" name="aptureLink_3hqwDfmszS">Source:</a></div>]]></content:encoded>
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         <title>Bankruptcy court reopens case of Tony Alamo follower to look for possible assets</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18496</link>
         <description>&lt;div&gt;By Associated Press
7:44 AM CDT, October 21, 2009&lt;br /&gt;
&lt;br /&gt;
&lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_kT2oVErfvD&quot; target=&quot;_blank&quot; href=&quot;http://www.kfsm.com/news/sns-ap-ar--alamofollower-bankruptcy,0,1477880.story&quot; name=&quot;aptureLink_kT2oVErfvD&quot;&gt;TEXARKANA, Ark. (AP)&lt;/a&gt; — A bankruptcy judge has agreed to reopen the closed Oklahoma bankruptcy case of a member of Tony Alamo Christian Ministries.&lt;br /&gt;
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A trustee overseeing the case of Thomas Scarcello asked to reopen the case to look for possible assets Scarcello may not have report&lt;/div&gt;&amp;hellip;</description>
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         <pubDate>Mon, 26 Oct 2009 15:38:01 -0700</pubDate>
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By Associated Press<br />
7:44 AM CDT, October 21, 2009<br />
<br />
<a rel="nofollow" id="aptureLink_kT2oVErfvD" target="_blank" href="http://www.kfsm.com/news/sns-ap-ar--alamofollower-bankruptcy,0,1477880.story" name="aptureLink_kT2oVErfvD">TEXARKANA, Ark. (AP)</a> — A bankruptcy judge has agreed to reopen the closed Oklahoma bankruptcy case of a member of Tony Alamo Christian Ministries.<br />
<br />
A trustee overseeing the case of Thomas Scarcello asked to reopen the case to look for possible assets Scarcello may not have reported. Trustee Gerald Miller says his office has learned that some information may not be accurate.<br />
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Court records show Scarcello filed for Chapter 7 bankruptcy in the Eastern District of Oklahoma in September 2009. The case was closed and his debts were released in December 2008.<br />
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Fort Smith attorney Darrell Johnson represented Scarcello in the bankruptcy case and says he doesn't know what is happening. Johnson says he hasn't been able to talk with Scarcello.<br />
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Alamo was convicted in July of taking young girls across state lines for sex and is awaiting sentencing.<br />
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___<br />
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Information from: Texarkana Gazette, <a rel="nofollow" target="_blank" href="http://www.texarkanagazette.com">http://www.texarkanagazette.com</a></div>]]></content:encoded>
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         <title>$3 Million Awarded In Suit Against Tony Alamo's Enforcer</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18495</link>
         <description>&lt;div&gt;Little Rock, AR -- Evangelist &lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_kS2y3vX4Xf&quot; target=&quot;_blank&quot; href=&quot;http://www.alamoministries.com/Newsletters/08300.pdf&quot; name=&quot;aptureLink_kS2y3vX4Xf&quot;&gt;Tony Alamo'&lt;/a&gt;s alleged enforcer has been ordered to pay $3 million in restitution to two boys he's believed to have beaten bloody on the preacher's behalf.
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Federal Judge Harry Barnes' order comes as alleged enforcer John Kolbek remains a fugitive. But lawyer W. David Carter said his clients can collect on church properties l&lt;/div&gt;&amp;hellip;</description>
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         <pubDate>Mon, 26 Oct 2009 15:00:00 -0700</pubDate>
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Little Rock, AR -- Evangelist <a rel="nofollow" id="aptureLink_kS2y3vX4Xf" target="_blank" href="http://www.alamoministries.com/Newsletters/08300.pdf" name="aptureLink_kS2y3vX4Xf">Tony Alamo'</a>s alleged enforcer has been ordered to pay $3 million in restitution to two boys he's believed to have beaten bloody on the preacher's behalf.<br />
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Federal Judge Harry Barnes' order comes as alleged enforcer John Kolbek remains a fugitive. But lawyer W. David Carter said his clients can collect on church properties listed in Kolbek's name.<br />
<br />
Carter represents two men who grew up in the church. Each described a twisted world where trivial infractions caused beatings, punitive fasts and threats of damnation from Alamo.<br />
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Alamo remains in jail pending a Nov. 13 sentencing hearing over his federal conviction on a 10-count indictment accusing him of taking young girls across state lines for sex.<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.digtriad.com/news/national_world/article.aspx?storyid=132155&amp;catid=175">Digtriad</a></div>]]></content:encoded>
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         <title>Impact of pope's decree begins to dawn on Church of England members</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18494</link>
         <description>&lt;div&gt;&lt;img src=&quot;http://static.guim.co.uk/sys-images/Guardian/Pix/pixies/2009/10/25/1256506431227/Clergy-at-St-Augustine-s-001.jpg&quot;/&gt;
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For many sitting in the pews of Saint Augustine's Anglican church in north London it was a particularly special Sunday. There were three confirmations and one man received his first communion.&lt;br /&gt;
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But amid the applause and smart outfits there was another sense of occasion, with people coming to terms with one of the biggest developments in Christendom&lt;/div&gt;&amp;hellip;</description>
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         <pubDate>Mon, 26 Oct 2009 02:07:06 -0700</pubDate>
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<img src="http://static.guim.co.uk/sys-images/Guardian/Pix/pixies/2009/10/25/1256506431227/Clergy-at-St-Augustine-s-001.jpg"/><br />
<br />
For many sitting in the pews of Saint Augustine's Anglican church in north London it was a particularly special Sunday. There were three confirmations and one man received his first communion.<br />
<br />
But amid the applause and smart outfits there was another sense of occasion, with people coming to terms with one of the biggest developments in Christendom since the Reformation.<br />
<br />
Last week's decree from Pope Benedict, announcing the creation of a special section in the Roman Catholic church for ex-Anglican communities, has aroused strong opinions among traditionalist clergy. It has cast doubt on the authority of the archbishop of Canterbury, Dr Rowan Williams, and the future of the Anglican Communion.<br />
<br />
And the impact of the announcement is beginning to dawn on rank and file members of the Church of England.<br />
<br />
"I've been a member of this congregation for years and this is exciting news, it's really hopeful for us," said Rachel Graham, a parishioner at St Augustine's in Kilburn. "We appreciate that we are able to have worshipful integrity here. When this church was built there was a hope for unity with Rome. We're not here by mistake."<br />
<br />
It was too early to make a decision about the pope's decree – which would allow Anglicans to move to the Catholic church, but keep their own liturgy and married priests – she said. The Vatican has released no further details about the decree, an apostolic constitution, but its very existence has given Graham and other parishioners plenty to think about.<br />
<br />
"We hope we can all come together and be looked after by the bishop of Rome."<br />
<br />
Graham, a mother of five, is not in a minority at Saint Augustine's. Before the general synod meeting in July 2008 – "when it all went wrong", she said, and the Church of England's governing body threw out all concession to traditionalists – a petition was circulated among the parish's female members objecting to the introduction of women bishops. Only four did not sign.<br />
<br />
"My problem with women [clergy] is that they don't understand it's not about discrimination, but the church," Graham said. "They take offence at being seen as not good enough, but there's no tradition of women in the priesthood. There's nothing in scripture. It's not reasonable that women stand as priests." There were many other roles that women could play in the life of the church, she added.<br />
<br />
Her friend and fellow parishioner Cecilia Anim also spoke of her support for the pope's initiative. "It reaffirms our belief that the holy father is putting us in the direction we want to go in to keep the sacrament sacred."<br />
<br />
"We're sending man to the moon, but you can't change God's word or the Bible. Jesus chose 12 men as his apostles."<br />
<br />
Saint Augustine's has sought alternative oversight from the bishop of Fulham, the Right Rev John Broadhurst, and will not accept a female priest as an incumbent or team vicar.<br />
<br />
While feelings on the subject vary, the congregation generally sticks to the ABC line, according to the Rev Canon Anthony Yates, who said the pope's decree had not distracted him or the rest of the Saint Augustine team from their daily business. "At the back of the church is the Vatican statement and we're going to consider it.<br />
<br />
"We had hoped unity [between Rome and the Anglican church] might be reached, but that's not possible because of recent events," he said.<br />
<br />
There was a significant group within the Anglican Communion who would be happy to move to Catholicism if some provision were made for them, he said, before adding: "We think of group or groups, rather than the whole Anglican Communion." We do welcome the pope's response. I'm not one to criticise it."<br />
<br />
Broadhurst, the bishop of Fulham, who was the principal celebrant and preacher at today'smass, would not say whether he would move to Catholicism.<br />
<br />
As chair of Forward in Faith, the group pushing hardest at the Vatican's door, he said he would consider the question with his members. "The pope's offer is very impressive and very generous and, in a sense, it has taken the initiative and will force us to consider our future together."<br />
<br />
He did not share the feelings voiced yesterday by the former archbishop of Canterbury, Lord Carey, that the Vatican had behaved inexcusably towards Williams for not informing him of the decree until two weeks before its publication.<br />
<br />
Nor did he believe the decree's arrival was the fault of Williams. "You can't have a secret document and share it with everybody. The trouble with Rowan is his heart is conservative Catholic, but his brain is liberal progressive. There's a spat between the two sides of a very interesting man."<br />
<br />
The rebels<br />
<br />
The Right Rev Andrew Burnham, bishop of Ebbsfleet<br />
<br />
Looks after parishes and congregations opposed to women clergy; asked the Vatican last year to help him and like-minded congregations leave the Anglican communion; said in 2008 he would leave if provision were made<br />
<br />
The Right Rev Keith Newton, bishop of Richborough<br />
<br />
Also cares for flocks opposed to women clergy; met with Vatican officials last year to discuss defection<br />
<br />
The Right Rev John Broadhurst, bishop of Fulham<br />
<br />
Chair of Anglo-Catholic movement, Forward in Faith; married with four children, one called Benedict; was confirmed as a Catholic when younger<br />
<br />
The Right Rev John Hind, bishop of Chichester<br />
<br />
Signed letter opposing ordination of a gay bishop in 2003; said he may convert over the issue of women bishops<br />
<br />
The Right Rev Michael Nazir-Ali,<br />
<br />
bishop of Rochester<br />
<br />
Used to worship as a Catholic; does not oppose ordination of women and has ordained them in the past; leading light among conservative evangelicals; has said he would not rule conversion "in or out".<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.guardian.co.uk/world/2009/oct/25/popes-decree-church-of-england">The Guardian</a></div>]]></content:encoded>
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         <title>Vatican thumbs up for Karl Marx after Galileo, Darwin and Oscar Wilde</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18476</link>
         <description>&lt;div&gt;&lt;img src=&quot;http://www.timesonline.co.uk/multimedia/archive/00632/MARX_385x185_632190a.jpg&quot;/&gt;
&lt;br /&gt;
Karl Marx, who famously described religion as “the opium of the people”, has joined Galileo, Charles Darwin and Oscar Wilde on a growing list of historical figures to have undergone an unlikely reappraisal by the Roman Catholic Church.&lt;br /&gt;
&lt;br /&gt;
L’Osservatore Romano, the Vatican newspaper, said yesterday that Marx’s early critiques of capitalism had highlighted the “social alienation” felt b&lt;/div&gt;&amp;hellip;</description>
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         <pubDate>Thu, 22 Oct 2009 23:20:41 -0700</pubDate>
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<img src="http://www.timesonline.co.uk/multimedia/archive/00632/MARX_385x185_632190a.jpg"/><br />
<br />
Karl Marx, who famously described religion as “the opium of the people”, has joined Galileo, Charles Darwin and Oscar Wilde on a growing list of historical figures to have undergone an unlikely reappraisal by the Roman Catholic Church.<br />
<br />
L’Osservatore Romano, the Vatican newspaper, said yesterday that Marx’s early critiques of capitalism had highlighted the “social alienation” felt by the “large part of humanity” that remained excluded, even now, from economic and political decision-making.<br />
<br />
Georg Sans, a German-born professor of the history of contemporary philosophy at the pontifical Gregorian University, wrote in an article that Marx’s work remained especially relevant today as mankind was seeking “a new harmony” between its needs and the natural environment. He also said that Marx’s theories may help to explain the enduring issue of income inequality within capitalist societies.<br />
<br />
“We have to ask ourselves, with Marx, whether the forms of alienation of which he spoke have their origin in the capitalist system,” Professor Sans wrote. “If money as such does not multiply on its own, how are we to explain the accumulation of wealth in the hands of the few?”<br />
<br />
With reassessments such as these it may be wondered which formerly unacceptable figure could be next. Last year the Vatican erected a statue of Galileo as a way of saying sorry for trying the astronomer in 1633 for his observation that the Earth moved around the Sun; in February a leading official declared Darwin’s theory of evolution compatible with the Christian faith, and in July L’Osservatore praised Oscar Wilde, the gay playwright, as “a man who behind a mask of amorality asked himself what was just and what was mistaken”.<br />
<br />
Professor Sans argues that Marx’s intellectual legacy was marred by the misappropriation of his work by the communist regimes of the 20th century. “It is no exaggeration to say that nothing has damaged the interests of Marx the philosopher more than Marxism,” he said.<br />
<br />
This overturns a century of Catholic hostility to his creed. Two years ago Benedict XVI singled out Marxism as one of the great scourges of the modern age. “The Marxist system, where it found its way into government, not only left a sad heritage of economic and ecological destruction, but also a painful destruction of the human spirit,” he told an audience in Brazil.<br />
<br />
Then again the Pope has been busy reappraising modern capitalism. Benedict’s latest encyclical, Charity in Truth, offers a direct response to the recession, arguing that global capitalism has lost its way and that Church teachings can help to restore economic health by focusing on justice for the weak and closer regulation of the market.<br />
<br />
His predecessor, John Paul II — who hated communism and as pontiff helped to bring it down in his native Poland — was keenly aware of the failings of the West and the effects of unbridled capitalism on post-communist societies.<br />
<br />
Professor Sans’s view of Marx was not without criticism. He argued that Marx’s “materialist” view of history had wrongly reduced man to no more than a product of his material, economic and physical circumstances. He also said that after the fall of communism in 1989, few believed any more that private property was in itself wrong or unjust, and “given the experience of the past half century” no one believed that collectivisation of property was the answer.<br />
<br />
Marx, who predicted that capitalism would be destroyed by its internal contradictions and be replaced by communism after a transitional period, was born in 1818 in Trier in Germany to Jewish parents. Although it was a majority Catholic town, his father, Heinrich, converted to Lutheran Protestantism to escape anti-Semitism.<br />
<br />
Marx was baptised as a Christianbut he remained an atheist all his life. He once observed that “religion is the sigh of the oppressed creature, the heart of a heartless world and the soul of soulless conditions. It is the opium of the people.”<br />
<br />
Marx was expelled from several European countries for his radical espousal of a working-class revolution. He moved to London in May 1849 and lived there until his death in 1883.<br />
<br />
Professor Sans’s article was first published in La Civiltà Cattolica, a Jesuit paper, which is vetted in advance by the Vatican Secretariat of State. The decision to republish it in the Vatican newspaper gives it added papal endorsement.<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.timesonline.co.uk/tol/comment/faith/article6884704.ece">The London Times</a></div>]]></content:encoded>
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         <title>Offer Raises Idea of Marriage for Catholic Priests</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18475</link>
         <description>&lt;div&gt;&lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_SBydvAAxib&quot; target=&quot;_blank&quot; href=&quot;http://www.nytimes.com/2009/10/22/world/22church.html?hp&quot; name=&quot;aptureLink_SBydvAAxib&quot;&gt;The New York Times&lt;/a&gt;
&lt;br /&gt;
By RACHEL DONADIO&lt;br /&gt;
&lt;br /&gt;
ROME — In making it easier for traditionalist Anglicans to become Catholic, Pope Benedict XVI once again revealed the character of his papacy: to reach out to the most fervent of like-minded believers, even if they are not Catholic. Yet some observers wonder whether his move could paradoxically liberalize the c&lt;/div&gt;&amp;hellip;</description>
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         <pubDate>Thu, 22 Oct 2009 09:49:04 -0700</pubDate>
         <content:encoded><![CDATA[<div>
<a rel="nofollow" id="aptureLink_SBydvAAxib" target="_blank" href="http://www.nytimes.com/2009/10/22/world/22church.html?hp" name="aptureLink_SBydvAAxib">The New York Times</a><br />
<br />
By RACHEL DONADIO<br />
<br />
ROME — In making it easier for traditionalist Anglicans to become Catholic, Pope Benedict XVI once again revealed the character of his papacy: to reach out to the most fervent of like-minded believers, even if they are not Catholic. Yet some observers wonder whether his move could paradoxically liberalize the church — or at least wedge it open — on a crucial issue: celibacy.<br />
<br />
In a momentous move on Tuesday, the Vatican said it would help Anglicans uncomfortable with female priests and openly gay bishops join a new Anglican rite within the Catholic Church.<br />
<br />
The invitation also extends to married Anglican clergy. And so some have begun to wonder, even if the 82-year-old Benedict himself would never allow it, would more people in the Roman Catholic Church begin to entertain the possibility of married Catholic priests?<br />
<br />
“If you get used to the idea of your priests being married, then that changes the perception of the Catholic priesthood necessarily,” said Austen Ivereigh, a Catholic commentator in London and a former adviser to Cardinal Cormac Murphy-O’Connor of Westminster.<br />
<br />
“We face the prospect in the future of going to a Catholic church in London and it being normal to find a married Catholic priest celebrating at the altar, with his wife sitting in the third pew and his children running up and down the aisle,” he said.<br />
<br />
It remains unclear how many Anglican priests will make the transition to the church. At a news conference announcing the new structure on Tuesday, Cardinal William Levada, the Vatican’s chief doctrinal officer, said only that 20 to 30 Anglican bishops had inquired about becoming Catholics, although priests far outnumber bishops.<br />
<br />
Married priests are permitted in the eastern Catholic rites, and one of Benedict’s central goals is full communion with the Orthodox — and they, too, allow priests to marry. Anglican priests, married or not, are already permitted to become Catholic priests, but on a case-by-case basis. The new dispensation would for the first time allow in groups of married priests.<br />
<br />
“Now we’re opening up a whole structure within the Latin rite, within the Western rite, which will allow married priests to function,” said Thomas Reese, a senior fellow at the Woodstock Theological Seminary at Georgetown University and a liberal Catholic commentator.<br />
<br />
Mr. Reese raised a series of intriguing hypothetical questions: Would unmarried Anglican priests who want to become Catholic priests have to take a vow of chastity? (The answer is presumably yes.) Could a Catholic man convert to Anglicanism, be ordained as an Anglican priest, then rejoin the Catholic Church under the new Anglican rite? (The Vatican spokesman, the Rev. Federico Lombardi, dismissed that idea as “a trick.”)<br />
<br />
The overture toward the Anglicans speaks to a central theme in Benedict’s papacy: his desire to bring in traditional believers at all costs to help Catholicism become a “creative minority” in increasingly secular Europe.<br />
<br />
Many saw it in line with the pope’s decision in January to revoke the excommunication of four schismatic bishops from the ultratraditional Society of St. Pius X, including one, Bishop Richard Williamson, who had denied the scope of the Holocaust. Aimed at healing a rift within the church, the move created global outrage and led a significant number of Catholics in Benedict’s native Germany to leave the Catholic Church.<br />
<br />
Despite the outrage and a bumpy start toward reconciliation, the first formal meeting to bring the schismatic group, already pardoned by Benedict, back into the church will take place next week.<br />
<br />
“Today more than ever, with Joseph Ratzinger as pope, the ecumenical path seems not to be a march toward modernity, but a return to the land of tradition,” Sandro Magister, a veteran Vatican reporter in Italy, wrote on his blog on Tuesday.<br />
<br />
Many liberal Catholics in the United States lamented that the decision over the Anglicans again demonstrated that Benedict reached out only to the most conservative elements on the Catholic spectrum, not the more progressive ones.<br />
<br />
And many experts noted that the decision also reflected a similar tendency inside the Vatican: as in the case with the schismatic bishops, the arrangement with the Anglicans was hammered out by doctrinal offices, generally staffed by more conservative clergy, without close consultation with the office responsible for ecumenical dialogue, whose staff members tend to be more moderate. Many saw it as yet another sign that the true power of Benedict’s papacy lies in the Congregation for the Doctrine of the Faith, the doctrinal office, which he oversaw for two decades before becoming pope.<br />
<br />
Coincidence or not, the Vatican announced the creation of the structure for Anglicans only after Cardinal Murphy-O’Connor, a strong voice for ecumenical dialogue, had retired, and when Cardinal Walter Kasper, the director of the Pontifical Council for Promoting Christian Unity and the Vatican’s main point person for relations with the Anglicans, was out of town.<br />
<br />
Last Thursday, Cardinal Kasper said at a news conference that the Vatican did not intend “to fish in Anglican lakes,” that the aim of its dialogue with the Anglicans was not conversion. On Tuesday, Cardinal Levada said he had asked people involved in ecumenical dialogue to attend the Anglican news conference, but they were not in Rome.<br />
<br />
He did acknowledge the complication of allowing married priests into the church.<br />
<br />
“I think for some people it seems to be a problem, because as you know there have been many Catholic priests who have left the priesthood to get married,” Cardinal Levada said. “And the question arises, ‘Well, if these former Anglicans can be married priests, what about us?’ ”<br />
<br />
But he said there were differences between Anglicans seeking to convert to Catholicism and Catholic men who commit to a celibate priesthood and then decide “that they want to leave the priesthood in order to have a married life.”<br />
<br />
“I don’t think it’s an insurmountable problem,” Cardinal Levada said.<br />
<br />
For liberal groups, usually ignored by the church hierarchy, the Anglican ruling was a rare, if mixed, moment of hope. Allowing married priests, liberals noted, could go a long way to overcoming the deep shortages of priests in the developed world.<br />
<br />
“I think it’s very interesting and probably somewhat encouraging, in the sense of ‘yes, there is a flexibility, there is an openness,’ ” said Sister Christine Schenk, the executive director of Future Church, a Catholic group based in Cleveland that favors married clergy.<br />
<br />
Laurie Goodstein contributed reporting from New York.</div>]]></content:encoded>
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         <title>New Vatican plan lets Anglicans convert easier</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18454</link>
         <description>&lt;div&gt;By NICOLE WINFIELD
&lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_PZgbDwX1nY&quot; target=&quot;_blank&quot; href=&quot;http://www.washingtonpost.com/wp-dyn/content/article/2009/10/20/AR2009102000504.html?hpid=topnews&quot; name=&quot;aptureLink_PZgbDwX1nY&quot;&gt;The Associated Press&lt;/a&gt;&lt;br /&gt;
Tuesday, October 20, 2009 11:43 AM&lt;br /&gt;
&lt;br /&gt;
VATICAN CITY -- The Vatican announced a stunning decision Tuesday to make it easier for Anglicans to convert, reaching out to those who are disaffected by the election of women and gay bishops to join the Catholic Church's conservativ&lt;/div&gt;&amp;hellip;</description>
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         <pubDate>Tue, 20 Oct 2009 09:50:55 -0700</pubDate>
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By NICOLE WINFIELD<br />
<a rel="nofollow" id="aptureLink_PZgbDwX1nY" target="_blank" href="http://www.washingtonpost.com/wp-dyn/content/article/2009/10/20/AR2009102000504.html?hpid=topnews" name="aptureLink_PZgbDwX1nY">The Associated Press</a><br />
Tuesday, October 20, 2009 11:43 AM<br />
<br />
VATICAN CITY -- The Vatican announced a stunning decision Tuesday to make it easier for Anglicans to convert, reaching out to those who are disaffected by the election of women and gay bishops to join the Catholic Church's conservative ranks.<br />
<br />
Pope Benedict XVI approved a new church provision that will allow Anglicans to join the Catholic Church while maintaining many of their distinctive spiritual and liturgical traditions, including having married priests.<br />
<br />
Cardinal William Levada, the Vatican's chief doctrinal official, announced the new provision at a new conference.<br />
<br />
In the past, such exemptions had only been granted in a few cases in certain countries. The new church provision is designed to allow Anglicans around the world to access a new church entity if they want to convert.<br />
<br />
The decision immediately raised questions about how the new provision would be received within the 77-million strong Anglican Communion, the global Anglican church, which has been on the verge of a schism over divisions within its membership about women bishops, an openly gay bishop and the blessing of same-sex unions.<br />
<br />
The Anglican's spiritual leader, Archbishop of Canterbury Rowan Williams, downplayed the significance of the new provision and said it wasn't a Vatican commentary on Anglican problems.<br />
<br />
"It has no negative impact on the relations of the communion as a whole to the Roman Catholic church as a whole," he said in London.<br />
<br />
Conservative Party lawmaker Ann Widdecombe, who left the Church of England because of its policies for the Catholic Church, welcomed the Vatican's decision.<br />
<br />
"I'm delighted if it does become easier, because when we had the last big exodus in 1992 over the ordination of women, the Catholic Church was not ready," she said in London. "There were enormous discrepancies up and down the country, and the direction from the Vatican came late in the day."<br />
<br />
The new Catholic church entities, called personal ordinariates, will be units of faithful established within local Catholic Churches, headed by former Anglican prelates who will provide spiritual care for Anglicans who wish to be Catholic.<br />
<br />
They would most closely resemble Catholic military ordinariates, special units of the church established in most countries to provide spiritual care for the members of the armed forces and their dependents.<br />
<br />
"(This will) facilitate a kind of corporate reunion of Anglican groups" into the Catholic Church, Levada said.<br />
<br />
Anglicans split with Rome in 1534 when English King Henry VIII was refused a marriage annulment.<br />
<br />
The new canonical provision is a response to the many requests from Anglo-Catholics who want to come back, increasingly disillusioned with the progressive bent of the Anglican Communion. Many have already left and consider themselves Catholic but have not found an official home in the 1.1-billion strong Catholic Church.<br />
<br />
By welcoming them in with their own special provision, Benedict has confirmed the increasingly conservative bent of his church. The decision follows his recent move to rehabilitate four excommunicated ultra-conservative bishops, including one who denied the full extent of the Holocaust, in a bid to bring their faithful back under the Vatican's wing.<br />
<br />
Levada declined to give figures on the number of requests that have come to the Vatican, or on the anticipated number of Anglicans who might take advantage of the new structure.<br />
<br />
One group, known as the Traditional Anglican Communion, has made its bid to join the Catholic Church known. The fellowship, which split from the Archbishop of Canterbury in 1990, says it has spread to 41 countries and has 400,000 members, although only about half are regular churchgoers.<br />
<br />
The new canonical provision allows married Anglican priests and even seminarians to become ordained Catholic priests - much the same way that Eastern rite priests who are in communion with Rome are allowed to be married. However, married Anglicans couldn't become Catholic bishops.<br />
<br />
The Vatican announcement immediately raised questions about how the Vatican's long-standing dialogue with the Archbishop of Canterbury could continue. Noticeably, no one from the Vatican's ecumenical office on relations with Anglicans attended the news conference; Levada said he had invited representatives to attend but they said they were all away from Rome.<br />
<br />
Just last week, the Vatican's top ecumenical official, Cardinal Walter Kasper, told reporters: "We are not fishing in the Anglican pond," when asked about the Vatican's negotiations with would-be converts.<br />
<br />
Levada stressed that ecumenical dialogue with the global Anglican church would remain a priority. But he said the goal of that dialogue for 40 years had been to achieve "full visible unity."<br />
<br />
To downplay suggestions of poaching, the Catholic archbishop of Westminster and Williams, the Anglican leader, issued a joint statement saying the decision "brings an end to a period of uncertainty" for Anglicans wishing to join the Catholic Church.<br />
<br />
And at a press conference in London, Williams tried to put the best face on the decision.<br />
<br />
"It has no negative impact on the relations of the communion as a whole to the Roman Catholic church as a whole," he said.<br />
<br />
But Williams' representative in Rome, the Very Rev. David Richardson, called the Vatican's decision "surprising," given that the Catholic Church in the past had welcomed individual Anglicans in without creating what he called "parallel structures" for entire groups of converts.<br />
<br />
"The two questions I would want to ask are 'why this and why now,'" he told The Associated Press. "Why the Congregation for the Doctrine of the Faith has decided to embrace that particular method remains unclear to me."<br />
<br />
Also unclear, he said, was the Vatican's target audience: those Anglicans who have already left the Anglican Communion, or current members. Levada said it covered both.<br />
<br />
"If it's for former Anglicans, then it's not about our present difficulties, then it's people who have already left," Richardson said. If it's current Anglicans, "There is in my mind an uncertainty for whom it is intended."<br />
<br />
The Anglican Communion has been roiled for years over disagreement on the role of women. But the long-standing divisions over how Anglicans should interpret the Bible erupted in 2003 when the Episcopal Church consecrated the first openly gay bishop, V. Gene Robinson of New Hampshire.<br />
<br />
Williams has struggled ever since to keep the church from splitting, frustrated by moves by churches in the United States, Canada and elsewhere to bless gay relationships.<br />
<br />
At least four conservative U.S. dioceses and dozens of individual Episcopal parishes have voted to leave the national denomination since 2003, with many affiliating themselves instead with like-minded Anglican leaders in African and elsewhere.<br />
<br />
The Vatican announcement was kept under wraps until the last moment: The Vatican only announced Levada's briefing Monday night, and Levada only flew back to Rome at midnight after briefing Catholic bishops and Williams about the decision.<br />
<br />
---<br />
<br />
Associated Press reporters Bob Barr and Gregory Katz in London and Rachel Zoll in New York contributed to this report.</div>]]></content:encoded>
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         <title>Vatican / U.S. Partnership Fighting Against AIDS</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18437</link>
         <description>&lt;div&gt;Sponsors Conference on Saving Children in Africa
&lt;br /&gt;
By Edward Pentin&lt;br /&gt;
&lt;br /&gt;
ROME, OCT. 15, 2009 &lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_Eaj7vwjIza&quot; target=&quot;_blank&quot; href=&quot;http://zenit.org/article-27222?l=english&quot; name=&quot;aptureLink_Eaj7vwjIza&quot;&gt;(Zenit.org)&lt;/a&gt;.- A Rome conference which drew together world leaders in the field of HIV/AIDS has highlighted the urgent need to improve prevention of mother-to-child transmission of the disease.&lt;br /&gt;
&lt;br /&gt;
It also managed to unite both the Church and the Obama administration in a potentiall&lt;/div&gt;&amp;hellip;</description>
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         <pubDate>Sat, 17 Oct 2009 17:34:11 -0700</pubDate>
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Sponsors Conference on Saving Children in Africa<br />
<br />
By Edward Pentin<br />
<br />
ROME, OCT. 15, 2009 <a rel="nofollow" id="aptureLink_Eaj7vwjIza" target="_blank" href="http://zenit.org/article-27222?l=english" name="aptureLink_Eaj7vwjIza">(Zenit.org)</a>.- A Rome conference which drew together world leaders in the field of HIV/AIDS has highlighted the urgent need to improve prevention of mother-to-child transmission of the disease.<br />
<br />
It also managed to unite both the Church and the Obama administration in a potentially highly effective and fruitful partnership in saving the lives of millions of children.<br />
<br />
The three-day conference was co-hosted by Caritas Internationalis -- a confederation of 162 Church humanitarian organizations -- and the U.S. Embassy to the Holy See. The meeting, which ends Friday, was also aimed at improving access to testing and treatment for children living with HIV and HIV/tuberculosis co-infection.<br />
<br />
The conference brought together many leading experts in the field, including missionaries, health care workers, and the executive director of UNAIDS. Also participating were representatives of non-governmental organizations, the President's Emergency Plan for AIDS Relief (PEPFAR), the World Health Organization and pharmaceutical companies.<br />
<br />
Every year, approximately 370,000 children under 15 become infected with HIV, mainly through mother-to-child transmission. About 90% of these infections occur in Africa where as many as 800 children die every day from the disease. The children are infected during their mother's pregnancy, labor and delivery, or through breastfeeding.<br />
<br />
"The world has failed these children because there are inexpensive and effective measures to prevent the transmission of HIV to unborn children and to infants, but most HIV-positive women are not aware of them, or do not have access to them," said Lesley-Anne Knight, secretary-general of Caritas Internationalis, in her opening remarks. "This is a terrible tragedy, but it is also a scandal -- because we can do something about it."<br />
<br />
Knight added that not enough effort is being made to diagnose their condition, nor are adequate treatments being produced that are suitable for HIV infected children, 50% of whom die before the age of two.<br />
<br />
For this reason, Caritas Internationalis launched the HAART for Children campaign earlier this year. The initiative calls on pharmaceutical and diagnostics manufacturers, governments, and academic and research institutions to develop and provide better medicines and tests for children that can be used in low-income and rural areas.<br />
<br />
Extending coverage to make it universal was the focus of many interventions. "HIV infection is certainly not just a scientific problem, but a much more complex, economic, social problem," said Dr. Giuseppe Profiti, president of the Vatican-affiliated Bambino Gesu Children's Hospital. "It's about redistribution of knowledge, means, results, resources and science at large […] to cover everyone if possible."<br />
<br />
Social justice medicine<br />
<br />
Michel Sidibe, executive director of UNAIDS, argued that universal access to medicine and resources was principally about social justice. "It's also about dealing with underlying causes of inequality, building a delivery system that is less costly but which reaches the majority of those people who are unfortunately without a voice," he said. Quoting Martin Luther King, Sidibe noted that "when the world cares enough, resources can always be found."<br />
<br />
Effective ways to stem mother-to-child transmission include HIV testing and education of parents; counseling HIV positive women to avoid unwanted pregnancies; and preventing the transmission of the virus through the use of anti-retroviral drugs and safer infant practices.<br />
<br />
The Church has a major role to play in extending this prevention through its outreach, the speakers agreed. She is already doing so on a large scale with a dedicated army of volunteers working in the field, and is responsible for 30%-70% of health care in various developing countries, said Dr. Carl Stecker, senior technical advisor for HIV/AIDS with Catholic Relief Services. "This is something we can do, that we can shine at, and which is fairly non-controversial," he said.<br />
<br />
It's partly this non-controversial aspect that promises greater Church-public sector collaboration, even if some governments might favor condom distribution as part of their HIV/AIDS prevention programs. "There's a lot of common ground here," said Monsignor Robert Vitillo, head of advocacy efforts related to HIV/AIDS at Caritas's delegation in Geneva. "But that doesn't mean we're in any way stepping back from our insistence of trying to do prevention with responsible behavior within marriage. We do both."<br />
<br />
The U.S. ambassador to the Holy See, Miguel H. Diaz, welcomed what he sees as real potential for collaboration between the Obama administration and the Church on this issue, partly owing to the absence of areas where the two have clashed. "This is a concrete example of coming together, to focus on the care of children, and by doing so we're focusing on prevention and treatment of children and mothers for the sake of a common cause," he told ZENIT.<br />
<br />
"I've argued from the beginning that I'm going to be a bridge builder and I'm going to try as much as possible to engage the positive dimensions and those areas where we can collaborate." He said this was one such example and, although there are some areas of disagreement, "certainly there is so much we can do together here to save children."<br />
<br />
Partnerships<br />
<br />
Since PEPFAR was established by U.S. President George W. Bush in 2003, effective methods of preventing of mother-to-child transmission have grown significantly worldwide, according to Deborah Birx, director of the federal government's Global AIDS Program. President Obama has set aside a further $65 billion towards combating AIDS, tuberculosis and malaria over six years.<br />
<br />
Dr. Antonio Gerbase, of the WHO's HIV department, revealed that the WHO's priority for 2010 and 2011 will be the treatment of women and children, and the prevention of mother-to-child HIV/AIDS. "Together with the Catholic Church and other partners, we would like to move on this, because they reach populations which are often difficult to reach," he said. "For us, this is a very fruitful partnership."<br />
<br />
But there is still a long way to go, and speakers who work in the field gave concrete grassroots examples of how collaboration could be improved. Sister Maria Theresia Hornemann, a nurse in the Congregation of the Missionary Servants of the Holy Spirit, pointed out that antiretroviral treatment is too expensive for patients. "In principle it is the responsibility of the government," she said. "But more often than not, what we receive from governments is apathy and outright refusal to even recognize the problem."<br />
<br />
Sister Isabelle Smyth of the Medical Missionaries of Mary said resources need to also be allocated to educating mothers and children on how to use antiretroviral drugs, and for nutrition to feed HIV/AIDS sufferers once they have been treated. "This is where PEPFAR, Bill Gates, and others who are giving money need to realize that you need to give it to us in a holistic way," she said.<br />
<br />
Focusing on prevention before infection, another participant called for greater emphasis on education, sowing Christian values, and the need to stress that human trafficking and the number of sexual partners is a "huge cause" in the spread of HIV.<br />
<br />
Representatives from the pharmaceutical companies GlaxoSmithKline, Abbott Laboratories and Eli Lilly and Company gave presentations on their progress in producing better AIDS tests and drugs, and how they are doing so freely or without profit to the world's poor countries. But conference participants stressed that too often the drugs are unsuitable for children and without proper formulations and dosages.<br />
<br />
In the midst of dealing with solutions, technical aspects and figures, participants were wary of not losing the human importance of the discussions. "In the final analysis," said Lesley-Anne Knight, "we are not dealing with global statistics, but with individual, precious lives."<br />
<br />
Ambassador Diaz said even if one life is saved as a result of this meeting, the collaboration between the U.S. government and the Church on this issue "is already making a difference."<br />
<br />
* * *<br />
<br />
Edward Pentin is a freelance writer living in Rome. He can be reached at: epentin@zenit.org.</div>]]></content:encoded>
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         <title>Catholics and Muslims defend life against abortion law in Indonesia</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18436</link>
         <description>&lt;div&gt;Rome, Italy, Oct 16, 2009 / 04:07 pm &lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_QniE3f9eqC&quot; target=&quot;_blank&quot; href=&quot;http://www.catholicnewsagency.com/new.php?n=17412&quot; name=&quot;aptureLink_QniE3f9eqC&quot;&gt;(CNA)&lt;/a&gt;.- Catholics, Muslims, Protestants, Buddhists and Hindus have joined together to protest the liberalizing of Indonesia’s abortion laws. Although the bill has been approved by the country's Parliament, it still needs to be signed by President Susilo Bambang Yudhoyono.
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At a press conference at the headquarters of th&lt;/div&gt;&amp;hellip;</description>
         <guid isPermaLink="false"></guid>
         <pubDate>Sat, 17 Oct 2009 17:31:46 -0700</pubDate>
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Rome, Italy, Oct 16, 2009 / 04:07 pm <a rel="nofollow" id="aptureLink_QniE3f9eqC" target="_blank" href="http://www.catholicnewsagency.com/new.php?n=17412" name="aptureLink_QniE3f9eqC">(CNA)</a>.- Catholics, Muslims, Protestants, Buddhists and Hindus have joined together to protest the liberalizing of Indonesia’s abortion laws. Although the bill has been approved by the country's Parliament, it still needs to be signed by President Susilo Bambang Yudhoyono.<br />
<br />
At a press conference at the headquarters of the Indonesian Ulemas Council in Jakarta, religious leaders and diverse non-governmental organizations condemned the “moral defect” of the norm that has legalized abortion in certain instances. Leaders underscored that “all religious creeds respect human life from the moment of conception.”<br />
<br />
“No reason can justify abortion, the killing of a human life,” they said. The new law would allow abortion on demand up to the sixth week and when the life of the mother is in danger.<br />
<br />
Father Sigid Pramudji Pr, the secretary general of the Bishops’ Conference of Indonesia, underscored: “We reject any proposal for induced abortion.” Ma’ruf Amin, director of the Indonesian Ulemas Council, said his organization would be filing a constitutional challenge against the new law.<br />
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Originally the battle against the new law began with Catholics and Muslims, who were later joined by Protestants, Buddhists, Hindus and members of pro-women organizations.</div>]]></content:encoded>
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         <title>Pope Benedict counsels FAO on reducing hunger amidst recession</title>
         <link>http://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:18435</link>
         <description>&lt;div&gt;&lt;img src=&quot;http://www.catholicnewsagency.com/images/FAO.jpg&quot;/&gt;
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Vatican City, Oct 16, 2009 / 05:21 pm &lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_nkLodUOUzn&quot; target=&quot;_blank&quot; href=&quot;http://www.catholicnewsagency.com/new.php?n=17419&quot; name=&quot;aptureLink_nkLodUOUzn&quot;&gt;(CNA)&lt;/a&gt;.- As the U.N. Food and Agriculture Organization (FAO) celebrated its anniversary today, Pope Benedict XVI sent a message to the group's director, Jaques Diouf. The Holy Father asserted in his message that truly helping man requires measures aimed at b&lt;/div&gt;&amp;hellip;</description>
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         <pubDate>Sat, 17 Oct 2009 17:26:49 -0700</pubDate>
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<img src="http://www.catholicnewsagency.com/images/FAO.jpg"/><br />
<br />
Vatican City, Oct 16, 2009 / 05:21 pm <a rel="nofollow" id="aptureLink_nkLodUOUzn" target="_blank" href="http://www.catholicnewsagency.com/new.php?n=17419" name="aptureLink_nkLodUOUzn">(CNA)</a>.- As the U.N. Food and Agriculture Organization (FAO) celebrated its anniversary today, Pope Benedict XVI sent a message to the group's director, Jaques Diouf. The Holy Father asserted in his message that truly helping man requires measures aimed at both his spiritual and material dimensions. Technology alone will not suffice, he said.<br />
<br />
As it does on each of its anniversaries, the FAO observed World Food Day, which commemorates its founding on October 16, 1945. The theme of this year's day is: "Achieving food security in times of crisis."<br />
<br />
Pope Benedict began his message to Diouf by reflecting on the current global economic crisis.<br />
<br />
"The current crisis, which affects all sectors of the economy without distinction, strikes particularly seriously at the agricultural world where the situation has become dramatic," he said. "The crisis calls on governments and on the various components of the international community to make decisive and effective choices."<br />
<br />
Defeating hunger, the Pope wrote, means ensuring people have "real access to adequate and healthy nourishment."<br />
<br />
"This is, in fact, a concrete expression of the right to life which, though solemnly proclaimed, all too often fails to be fully implemented," he stressed.<br />
<br />
Thinking about the theme for this year's World Food Day, Benedict XVI stated that "agriculture must be able to command a sufficient level of investment and resources." The theme also "helps us to understand that the goods of creation are by their nature limited, and hence they require responsible management capable of favoring food security, also with a view to that of future generations."<br />
<br />
"Achieving this objective," the Pope noted, "calls for a modification in lifestyles and ways of thinking."<br />
<br />
What is needed is "a form of cooperation that protects the cultivation methods of each area and avoids the thoughtless exploitation of natural resources."<br />
<br />
Pope Benedict also pointed to the spiritual realm, writing that efforts to preserve natural resources should also safeguard "the values specific to the rural world and the fundamental rights of people who work the land."<br />
<br />
The Pontiff also offered guidance for finding alleviating world hunger.<br />
<br />
"Experience shows that technical solutions, advanced though they may be, are ineffective if they do not focus on the person, who remains the principle protagonist and who, in his spiritual and material dimension, is the origin and aim of all activity," he said.<br />
<br />
Pope Benedict closed his message by recalling that access to food "is a fundamental right of individuals and peoples, and will become a reality, and hence a form of security, if adequate development is guaranteed in all the various regions.</div>]]></content:encoded>
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         <title>JPMorgan Chase Reports Strong Profit of $3.6 Billion</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7689</link>
         <description>&lt;div&gt;&lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_C0rQxlOq2o&quot; target=&quot;_blank&quot; href=&quot;http://www.nytimes.com/2009/10/15/business/15bank.html?_r=1&amp;amp;hp&quot; name=&quot;aptureLink_C0rQxlOq2o&quot;&gt;By ERIC DASH&lt;/a&gt;
&lt;br /&gt;
A year after accepting a bailout from Washington, a resurgent JPMorgan Chase reported a second consecutive quarter of surprisingly strong profit on Wednesday, solidifying its position at the pinnacle of American finance.&lt;br /&gt;
&lt;br /&gt;
JPMorgan’s results — $3.6 billion in profit for the third quarter — fanned hopes on Wall Street that the&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen-finance-and-tec/Everyones_Blog_Posts_-_The_Watchmen_Finance_and_Te-JPMorgan_Chase_Reports_Strong_Profit_of_36_Billion.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Wed, 14 Oct 2009 14:56:42 -0700</pubDate>
         <content:encoded><![CDATA[<div>
<a rel="nofollow" id="aptureLink_C0rQxlOq2o" target="_blank" href="http://www.nytimes.com/2009/10/15/business/15bank.html?_r=1&amp;hp" name="aptureLink_C0rQxlOq2o">By ERIC DASH</a><br />
<br />
A year after accepting a bailout from Washington, a resurgent JPMorgan Chase reported a second consecutive quarter of surprisingly strong profit on Wednesday, solidifying its position at the pinnacle of American finance.<br />
<br />
JPMorgan’s results — $3.6 billion in profit for the third quarter — fanned hopes on Wall Street that the nation’s banking industry was entering a new period of prosperity, despite lingering troubles. The robust showing from JPMorgan, and tentative signs that consumer loan losses might soon peak, has set the pace for other big banks that will report results in coming days.<br />
<br />
JPMorgan’s profit was powered by its investment banking division, where earnings more than doubled from the period a year earlier thanks to trading in the fixed-income markets and a flurry of deals. The results from that unit more than offset the bank’s losses on credit card loans and home mortgages, which continued to rise as consumers struggled with a weak economy.<br />
<br />
The earnings seemed to light a fire under Wall Street. The Dow Jones industrial average rose 144.80 points, closing above 10,000 for the first time in more than a year.<br />
<br />
Although the recession weighed heavily on its businesses, JPMorgan appeared to be taking advantage of the financial crisis to leapfrog investment banking rivals in the rankings and expand its consumer lending franchise. Meanwhile, it added another $2 billion to its consumer credit reserves for future losses, bringing the total amount it has set aside to $31.5 billion.<br />
<br />
Net income rose to 82 cents a share, far surpassing analysts’ estimates for the third quarter. The bank reported a profit of $527 million, or 9 cents a share, in the third quarter of 2008.<br />
<br />
“The revenue growth was very impressive,” said Anthony Polini, an analyst at Raymond James &amp; Associates. “They’re benefiting from a turn in the economy, and they’re asserting their dominance.”<br />
<br />
The results also reflected the broader rebound in once-stymied financial markets, with companies again issuing stock, raising money from bond markets and signing merger deals. After being forced to take huge write-downs on the value of some its investment banking assets a year ago, JPMorgan said it booked about a $400 million gain on the sale of mortgage securities and buyout loans.<br />
<br />
Jamie Dimon, JPMorgan’s chairman and chief executive, said the earnings reflected broad growth across several of the bank’s business lines but gave only a cautious outlook. “While we are seeing some initial signs of consumer credit stability, we are not yet certain that this trend will continue,” he said in a statement.<br />
<br />
Consumer loss rates remain high, but there were several upbeat signs in the bank’s numbers. Bank officials said they saw “a little bit of stabilization” in home values, especially for lower price properties and in states like California. And while delinquencies remain high, fewer borrowers were falling behind on the mortgage.<br />
<br />
Michael J. Cavanagh, the bank’s chief financial officer, called that a “hopeful sign” but stopped short of declaring that heavy losses were over. “We have to watch the economy and see where it heads,” he said in a conference call with journalists.<br />
<br />
JPMorgan was the first of the nation’s biggest banks to report its third-quarter earnings. Bank of America, Citigroup and Goldman Sachs also release results this week. As one of the first major banks to warn of troubles with subprime mortgages, home equity loans and credit cards, JPMorgan is seen as a bellwether for the financial industry.<br />
<br />
Although the housing market and economy remain weak, analysts expect to see a slowdown in consumer loan losses at the biggest banks and for them to start setting aside less money in their reserves. Meanwhile, the troubles are quickly moving to bad commercial real estate loans, which will place a heavier burden on smaller lenders.<br />
<br />
Mr. Dimon still must contend with several looming issues at JPMorgan. His decision last month to replace the two co-heads of the investment banking division with a single leader, James E. Staley, raised concern within the ranks. JPMorgan’s credit card division is unlikely to turn a profit until 2011, and, like the most of the industry, its consumer franchise has seen a fall-off in new mortgage lending.<br />
<br />
Mr. Dimon also faces obstacles in Washington. He must balance paying bonuses to JPMorgan investment bankers on blow-out earnings with public furor over Wall Street pay. New regulations on credit cards threaten to lower the profitability of that business, and lenders face other legislative efforts to curb bank fees and derivatives trading.<br />
<br />
And JPMorgan, despite repaying its $25 billion taxpayer investment in early June, is still awaiting the sale of the government’s warrants in the bank. That could be a windfall for taxpayers. Their value, now at nearly $2 billion, has increased by almost $800 million since rivals like Goldman Sachs cut deals to buy them back this summer, according to Linus Wilson, a finance professor at the University of Louisiana at Lafayette.<br />
<br />
Even so, JPMorgan is emerging from the current crisis with renewed confidence. Its investment bank, which posted a $1.9 billion profit, reported strong trading revenue, though short of the record levels earlier this year when the markets were in constant flux and prices skyrocketed. Meanwhile, the bank has continued to pick up business from corporations that are issuing bonds and selling stock to raise capital.<br />
<br />
The bank’s consumer businesses, however, are still bleeding from bad loans. Its mortgage and consumer banking operations posted a narrow $7 million profit, while its credit card division lost $700 million in the third quarter. By next year, charge-offs could reach 11 percent of loan balances.<br />
<br />
The corporate bank, meanwhile, booked a $341 million profit even as executives set aside more money for losses on souring commercial real estate loans.<br />
<br />
“You are seeing the underlying earnings power is there, albeit challenged by the need in this quarter to add to reserves,” Mr. Cavanagh said of the bank’s results. “Stabilization is just the first phase; we need losses to return to more normalized levels.”</div>]]></content:encoded>
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         <title>Mayor Who Added Jobs Lost Some, Too</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7688</link>
         <description>&lt;div&gt;&lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_xqSe5A9Btf&quot; target=&quot;_blank&quot; href=&quot;http://www.nytimes.com/2009/10/15/nyregion/15jobs.html?hp&quot; name=&quot;aptureLink_xqSe5A9Btf&quot;&gt;By CHRISTINE HAUGHNEY&lt;/a&gt;
&lt;br /&gt;
During much of his tenure, Mayor Michael R. Bloomberg has taken credit for helping to create hundreds of thousands of jobs in New York City, from high-paying construction work to sales jobs at dozens of new big-box stores. Even as the city plods through the recession, the mayor has set a goal to “retain and create” an additio&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen-finance-and-tec/Everyones_Blog_Posts_-_The_Watchmen_Finance_and_Te-Mayor_Who_Added_Jobs_Lost_Some_Too.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
         <guid isPermaLink="false"></guid>
         <pubDate>Wed, 14 Oct 2009 14:54:36 -0700</pubDate>
         <content:encoded><![CDATA[<div>
<a rel="nofollow" id="aptureLink_xqSe5A9Btf" target="_blank" href="http://www.nytimes.com/2009/10/15/nyregion/15jobs.html?hp" name="aptureLink_xqSe5A9Btf">By CHRISTINE HAUGHNEY</a><br />
<br />
During much of his tenure, Mayor Michael R. Bloomberg has taken credit for helping to create hundreds of thousands of jobs in New York City, from high-paying construction work to sales jobs at dozens of new big-box stores. Even as the city plods through the recession, the mayor has set a goal to “retain and create” an additional 400,000 jobs over the next six years.<br />
<br />
The debate over how much influence a mayor, a governor or a president has over jobs is one that may never be settled. But if Mayor Bloomberg can be judged on the numbers he has used as evidence of his own success, those numbers, while generally accurate, also contain some warning signs about the future of employment in the city.<br />
<br />
Even in the downturn, the city has 130,000 more jobs than it had when Mr. Bloomberg became mayor, according to state labor statistics. Working-class New Yorkers who kept their jobs or stayed in the same field saw their pay rise faster than the rate of inflation.<br />
<br />
But the overall job market constantly shifts, particularly in a recession, when the economy sheds jobs and even whole industries. And in New York, middle- and working-class jobs that have disappeared — in fields like manufacturing, wholesale distribution and administrative services — have been replaced by jobs in sectors like retail, food service and home health care that generally pay less.<br />
<br />
“There’s been much more growth in lower-wage industries than in middle-wage industries,” said James Parrott, chief economist for the Fiscal Policy Institute, a liberal research group. “That’s a challenge for people struggling to maintain a decent livelihood in New York City, given the cost of housing and everything else.”<br />
<br />
Several research groups have concluded that jobs created for working-class New Yorkers will continue to be in these low wage fields. A study by a nonpartisan group, the Center for an Urban Future, said that the two occupations that will have the most openings in New York City through 2014 are retail salesperson, with an average annual pay of $20,690, and cashier, with a pay of $16,800.<br />
<br />
“Working-class people with limited educational backgrounds and limited skills are going to be fighting for scraps at the bottom,” said Jonathan Bowles, director of the Center for an Urban Future.<br />
<br />
By August 2008, Mayor Bloomberg oversaw a city with 3.244 million jobs, its highest number since 1969, according to Mr. Parrot. With roughly 227,000 more jobs than when the mayor took office, the city had surpassed national job growth rates, a point the mayor proudly noted in his 2009 State of the City address, when he said the city had added a quarter-million jobs before the slowdown.<br />
<br />
But much as boom times can make elected officials look like Midases, recessions can tarnish them. From August 2008 to August 2009, the city lost 96,739 private-sector jobs. These included 35,986 finance and insurance jobs, which paid $280,872 annually on average in 2008. They also included 10,712 construction jobs, which paid on average $68,119.<br />
<br />
Some trends predated the recession. The manufacturing industry, in steady decline for decades, lost 43 percent of its New York City jobs from January 2002 to August 2009. In 2008, these jobs paid on average $52,758 a year.<br />
<br />
According to the Center for an Urban Future, manufacturing accounts for about 3.2 percent of the job market here, compared with 8 percent in San Francisco and 12.7 percent in Los Angeles. At the same time, New York City has a higher proportion of lower-paying health care and social assistance jobs — 17.4 percent of the work force — than those cities.<br />
<br />
“New York used to be a place that really nurtured a middle class,” Mr. Bowles said. “There’s compelling evidence that we have done worse than other cities.”<br />
<br />
Seth W. Pinsky, president of the New York City Economic Development Corporation, the city’s business-development arm, defended the city’s efforts to create more middle-income jobs and says these jobs have not yet been fully realized for the long term.<br />
<br />
“The New York City economy is in some ways like an aircraft carrier,” Mr. Pinsky said. “You can’t change 50-year trends in five years.”<br />
<br />
The mayor has used several programs to try to keep or add jobs, including development projects like modernizing the Hunts Point Terminal in the Bronx, which supplies wholesale food for many of the city’s groceries and restaurants. He has created an emergency loan program for small businesses and streamlined the process of obtaining business permits. A construction boom — not only of private residential buildings, but also of public projects like schools, libraries and a new police academy — stimulated the building trades.<br />
<br />
The mayor has also invested tens of millions of city dollars to encourage the creation of a thriving biotechnology industry, seen by many as the growth sector of the future. The city has invested in a large research space at the Brooklyn Army Terminal in Sunset Park and is building the $700 million East River Science Park, a complex of office and lab space next to New York University Medical Center that is scheduled to open next year.<br />
<br />
To try to reserve new jobs for lower-income New Yorkers, he says he will push community colleges to do a better job of turning out students with job skills.<br />
<br />
Mitchell L. Moss, a professor of urban policy and planning at New York University who has been an informal advisor to Mr. Bloomberg, credited the mayor with creating jobs by taking on projects like the science park, the Hunts Point market, the Brooklyn Navy Yard, and Homeport in Staten Island.<br />
<br />
“He took on some of the messiest and most complicated projects,” he said. “Economic development takes longer than educating a child in school. It doesn’t take eight years. It takes 15 years. The great successes of Bloomberg are getting things done that previous mayors were afraid to deal with.”<br />
<br />
But at the moment, opportunities are concentrated in lower-wage fields. Dale Grant, whose firm, Grant Associates, runs one of the city’s work-force training centers in Queens, said that her company used to be able to place people in entry-level jobs like bank teller, paying $10 to $12 an hour but eventually leading to bank careers paying $50,000 to $60,000 a year. Those jobs have virtually disappeared, she said, replaced by lower-paying jobs in high-end retail like Gracious Home and Banana Republic, where entry level positions often pay $20,000 to $25,000 a year while assistant manager jobs pay $40,000 to $50,000 a year.<br />
<br />
Her firm also places people in education jobs that include teaching assistant positions in charter schools that pay $30,000 to $35,000 a year and tutoring jobs that would pay $30,000 to $40,000 if they were full time, but ordinarily they are not.<br />
<br />
But even retail jobs can be hard to find in this economy. Carlos Peralta, 37, of Bushwick, worked in a Brooklyn warehouse from 2004 to 2009, earning $22,000 a year cutting phone company cable. Since he lost his job three months ago, he has been applying for jobs at retailers like BJ’s Wholesale Club. So far he has had no interviews.<br />
<br />
“I’m on the computer all night” looking for a job, he said.<br />
<br />
He is also considering going to college, and has been researching scholarships he found out about from the unemployment office.<br />
<br />
For New Yorkers who held onto their jobs, the last few years brought larger paychecks, at least through 2008, according to the Census Bureau’s most recent income estimates. Adjusted for inflation, median income in New York City rose 8 percent, to $51,116, between 2002 and 2008, according to the bureau.<br />
<br />
Frank Zucco, 46, a painter from Dyker Heights, Brooklyn, watched his pay rise to about $65,000 in 2008, from about $45,000 in 2002. This year he is on track to earn $80,000, including about $20,000 in overtime because of demand for workers on public sector projects, like school construction. Mr. Zucco, who is also the financial secretary for his union local, said that he has found his fellow painters have been doing just as well.<br />
<br />
“There’s no more money in the private sector. Most of the work moved over to city work and public work,” he said. “As far as New York is concerned, Mayor Bloomberg has been doing pretty good in terms of creating jobs for us.”<br />
<br />
Many experts are hesitant to give too much credit, or blame, to mayors for job creation or losses. Steve Malanga, a senior fellow at the Manhattan Institute for Policy Research, a conservative group, said that cities are their own economic engines and that politicians have little impact. “Most municipal economic development strategies matter only on the margins,” he wrote in an e-mail message.<br />
<br />
Some advocates for low-wage workers would like Mr. Bloomberg to exert one power that he, along with the City Council, does have: to create a city minimum wage that exceeds the federal minimum, currently $7.25 an hour. Cities that have done so, like San Francisco ($9.79) and Santa Fe ($9.85), have not suffered, according to Paul Sonn, legal co-director of the National Employment Law Project. Andrew Brent, a Bloomberg spokesman, said that the mayor favored a higher minimum wage everywhere, not just in New York; Mr. Pinsky, of the city’s economic development corporation, said that the minimum wage was a matter for the State Legislature to address.<br />
<br />
For now, minimum wage is the best that some workers can hope for. In her eight years in New York, Adela Valdez has watched her wages ebb from a $19,200-a-year job washing laundry in Manhattan and a $21,000-a-year factory job making lampshades to her current job, working as a home care aide in Queens for $14,400 a year. Julissa Bisono, an organizer with Make the Road New York, which gives legal assistance to low-wage workers, said Ms. Valdez is stuck.<br />
<br />
“She hasn’t found any job that pays better than what she is making now,” said Ms. Bisono.</div>]]></content:encoded>
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         <title>Dow Closes Above 10,000 for First Time in Over a Year</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7687</link>
         <description>&lt;div&gt;&lt;img src=&quot;http://graphics8.nytimes.com/images/2009/10/14/business/20091014_DOW10000_5Y_inline.gif&quot;/&gt;
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The Dow Jones industrial average, one of the most-watched markers of the financial world, closed above 10,000 points on Wednesday, a milestone of the stock market’s recovery from the depths of the financial crisis.&lt;br /&gt;
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At the close, the Dow was up 144.8 points or 1.5 percent at 10,015.86. It had not closed above 10,000 since Oct. 3, 2008.&lt;br /&gt;
&lt;br /&gt;
“The last time we saw 10,000 we were&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen-finance-and-tec/Everyones_Blog_Posts_-_The_Watchmen_Finance_and_Te-Dow_Closes_Above_10000_for_First_Time_in_Over_a_Year.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Wed, 14 Oct 2009 14:50:13 -0700</pubDate>
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<img src="http://graphics8.nytimes.com/images/2009/10/14/business/20091014_DOW10000_5Y_inline.gif"/><br />
<br />
The Dow Jones industrial average, one of the most-watched markers of the financial world, closed above 10,000 points on Wednesday, a milestone of the stock market’s recovery from the depths of the financial crisis.<br />
<br />
At the close, the Dow was up 144.8 points or 1.5 percent at 10,015.86. It had not closed above 10,000 since Oct. 3, 2008.<br />
<br />
“The last time we saw 10,000 we were going the wrong way,” said Doreen Mogavero, president of the brokerage Mogavero, Lee &amp; Company, who was on the trading floor Wednesday afternoon. “This is a little bit nicer feeling.”<br />
<br />
Last October, the Dow fell below 10,000 as Washington rushed in to avoid an all-out collapse of the financial system.<br />
<br />
But now, while the Dow has recovered 3,450 points since bottoming out in early March, it and other major stock indexes are still shadows of their former selves, meaning that many investors are a long way from whole.<br />
<br />
The Dow is more than 4,000 points off its all-time highs, and broader measures of the market are down 30 percent from their peaks. And the companies that constitute the stock indexes are still grappling with shaky revenues, credit losses and huge uncertainties about the American economy’s long-term growth.<br />
<br />
But on Wednesday, shares pushed higher after a major bank turned a $3.6 billion profit, earnings rose at a major computer-chip maker, and retail sales held up better than expected.<br />
<br />
Investors went shopping on the reports, lifting stock markets from London to New York to Mexico City.<br />
<br />
The broader Standard &amp; Poor’s 500-stock index was 1.75 percent or 18.83 points higher at 1,092.02, and the Nasdaq was up 1.5 percent or 32.34 points at 2,172.23.<br />
<br />
The Dow first closed above 10,000 in March 1999. It retreated in the years after the dot-com bubble deflated, then retook 10,000 in late 2003 and peaked at 14,000 in October 2007.<br />
<br />
Still, many investment specialists dismiss the significance of such big, round benchmark numbers, and say that no sophisticated investors or hedge funds make investment decisions based on whether a stock index’s total value can be measured in four or five digits.<br />
<br />
“It’s psychological,” said Tom Fitzpatrick, chief technical analyst at Citigroup Capital Markets.<br />
<br />
The major stock indexes have rebounded by 50 percent or more in a scorching rally that began in early March and galloped higher through the summer and early autumn, as the economy stabilized and once-bleeding companies began to report better profits and rising revenue.<br />
<br />
That optimism got louder on Wednesday.<br />
<br />
Investors rushed to take positions on companies and commodities that could benefit from a broad upturn in corporate profits and the global economy. Crude oil prices hit their highest levels since last October, topping $75 a barrel. Safety bets like the dollar and government bonds got creamed.<br />
<br />
Financial stocks surged after JPMorgan Chase announced a third-quarter profit that trounced expectations. JPMorgan was the first major financial company to announce earnings, and the sight of rising revenues and stabilizing losses at one of Wall Street’s most powerful banks lifted expectations that the financial sector was back on its feet, a year after its near-implosion.<br />
<br />
Shares of JPMorgan climbed 3 percent, and its rising tide lifted shares of other banks like Goldman Sachs, Wells Fargo, Bank of America and Citigroup, which are all scheduled to report their own quarterly results in the days ahead.<br />
<br />
Even regional banks shared in the hoopla, despite lingering problems with their mortgage portfolios and worries that the smaller banks are more exposed to losses in the commercial real estate market.<br />
<br />
Investors swept up shares of computer companies, search engines and software makers after Intel reported profits that surpassed Wall Street’s expectations and foreshadowed a return to global growth. Shares of Intel, which reported a profit after markets closed on Tuesday, were up 3 percent.<br />
<br />
Shares were also higher in Asia and Europe. The FTSE 100 in London rose 1.987 percent while the DAX in Frankfurt was 2.45 percent higher. The CAC-40 in Paris rose 2.1 percent.<br />
<br />
In Asia, the Shanghai index rose 1.2 percent, while Hong Kong’s Hang Seng index increased 2 percent. Japan’s Nikkei index slipped 0.2 percent.<br />
<br />
<a rel="nofollow" id="aptureLink_0pEMn1xSIc" target="_blank" href="http://www.nytimes.com/2009/10/15/business/15markets.html?hp" name="aptureLink_0pEMn1xSIc">The New York Times</a></div>]]></content:encoded>
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         <title>US facing massive economic ‘power shift’ with dollar’s downward spiral</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7686</link>
         <description>&lt;div&gt;The dollar's position as the world's leading reserve currency faces increased pressure as the financial crisis allows emerging economies greater influence on the world stage, analysts said.
&lt;br /&gt;
A report last week in The Independent claiming that China, Russia and Gulf States are among nations prepared to ditch the dollar for oil trades has heightened the uncertainty surrounding the US currency's future.&lt;br /&gt;
&lt;br /&gt;
The dollar slumped against rivals last week in the wake of the British da&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen-finance-and-tec/Everyones_Blog_Posts_-_The_Watchmen_Finance_and_Te-US_facing_massive_economic_power_shift_with_dollars_downward_spiral.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Mon, 12 Oct 2009 10:33:45 -0700</pubDate>
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The dollar's position as the world's leading reserve currency faces increased pressure as the financial crisis allows emerging economies greater influence on the world stage, analysts said.<br />
<br />
A report last week in The Independent claiming that China, Russia and Gulf States are among nations prepared to ditch the dollar for oil trades has heightened the uncertainty surrounding the US currency's future.<br />
<br />
The dollar slumped against rivals last week in the wake of the British daily's controversial report.<br />
<br />
"The US dollar is being hurt by the continued talk of a shift away from a dollar-centric world," said Kit Juckes, an analyst at currency traders ECU Group.<br />
<br />
"Three conclusions stand out very clearly. Firstly, the shift in economic power away from the G7 economies is continuing. "Secondly, there is a growing acceptance amongst those winners that one consequence of this power shift will be to strengthen their currencies.<br />
<br />
"And finally, as long as the US economy is not strong enough for any rise in interest rates to be conceivable for a long time, the dollar's underlying downtrend will remain in place," added Juckes.<br />
<br />
The Independent, under the front-page headline "The Demise of the Dollar", reported last Tuesday that Gulf states, together with China, Russia, Japan and France, were considering replacing the dollar as the currency for oil deals.<br />
<br />
"In the most profound financial change in recent Middle East history, Gulf Arabs are planning -- along with China, Russia, Japan and France -- to end dollar dealings for oil," wrote The Independent's Middle East correspondent Robert Fisk.<br />
<br />
They would switch "to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar," added Fisk, citing Gulf Arab and Chinese banking sources.<br />
<br />
The report was denied by a host of countries, including Kuwait, Qatar and Russia, while France dismissed it as "pure speculation."<br />
<br />
Even so, the United Nations itself last week called for a new global reserve currency to end dollar supremacy, which had allowed the United States the "privilege" of building up a huge trade deficit.<br />
<br />
UN undersecretary-general for economic and social affairs, Sha Zukang, said "important progress in managing imbalances can be made by reducing the (dollar) reserve currency country's 'privilege' to run external deficits in order to provide international liquidity."<br />
<br />
Zukang was speaking at the annual meetings of the International Monetary Fund and World Bank, whose President Robert Zoellick recently warned that the United States should not "take for granted" the dollar's role as preeminent global reserve currency.<br />
<br />
Meanwhile at a G20 summit in Pittsburgh last month, world leaders unveiled a new vision for economic governance, with bold plans to fix global imbalances and give more clout to emerging giants such as China and India.<br />
<br />
Following the summit, US Treasury Secretary Timothy Geithner repeated Washington's commitment to a strong dollar.<br />
<br />
But last week the finance chief was left to watch as traders used The Independent's report as an opportunity to push lower the troubled US unit.<br />
<br />
The report "has helped concentrate the minds of traders and investors alike, and has given them another excuse to take the dollar lower," GFT Global Markets analyst David Morrison told AFP.<br />
<br />
"Despite what the Fed and other central bankers say, a weaker dollar is desirable because it is necessary to rebalance the global economy.<br />
<br />
"As long as the decline is gentle and orderly, then they're happy. But aggressive selling would spook the markets," he added.<br />
<br />
Commerzbank currency analyst Antje Praefcke agreed that the market's reaction was significant because it showed that the dollar was on a downward trajectory.<br />
<br />
"The questionable article in the Independent was of course disclaimed," Praefcke said.<br />
<br />
"It is nonetheless an interesting study of the pscychological factors which are currently putting pressure on the dollar. Even if conspiracy theories turn out to be nonsense, the dollar is subsequently able to retrace only some of its losses."<br />
<br />
<a rel="nofollow" id="aptureLink_1LJMVsrJuO" target="_blank" href="http://rawstory.com/2009/10/us-facing-massive-economic-power-shift-with-dollars-downward-spiral/" name="aptureLink_1LJMVsrJuO">AFP</a></div>]]></content:encoded>
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         <title>Gold at $1,500? Don't hold your breath</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7685</link>
         <description>&lt;div&gt;&lt;img src=&quot;http://i.telegraph.co.uk/telegraph/multimedia/archive/01499/gold1_1499812c.jpg&quot;/&gt;
&lt;br /&gt;
However, unlike other commodities it has relatively few uses other than as an ornament. Copper is used in wiring, iron is used to manufacture steel but gold's main uses are – and always have been – as a store of value and as a way to demonstrate personal wealth. Even if solid gold bathroom taps are not to your taste, they certainly make a point.&lt;br /&gt;
&lt;br /&gt;
This means that gold really should b&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen-finance-and-tec/Everyones_Blog_Posts_-_The_Watchmen_Finance_and_Te-Gold_at_1500_Dont_hold_your_breath.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Mon, 12 Oct 2009 10:31:06 -0700</pubDate>
         <content:encoded><![CDATA[<div>
<img src="http://i.telegraph.co.uk/telegraph/multimedia/archive/01499/gold1_1499812c.jpg"/><br />
<br />
However, unlike other commodities it has relatively few uses other than as an ornament. Copper is used in wiring, iron is used to manufacture steel but gold's main uses are – and always have been – as a store of value and as a way to demonstrate personal wealth. Even if solid gold bathroom taps are not to your taste, they certainly make a point.<br />
<br />
This means that gold really should be considered as a currency – and nothing else. This brings us on to the subject of fiat money.<br />
<br />
Fiat currencies are not backed by gold. When most currencies were on the gold standard, a unit of currency could be exchanged by central banks for a fixed weight of gold. That way, paper money could be used instead of using gold or silver coins.<br />
<br />
Today's currencies are all fiat money. The £5 note is no longer backed by anything. It is legal tender and has a value because the government declares it as legal tender and will accept taxation payments on this particular bill of exchange. But, when push comes to shove, a £5 note is just a piece of paper with no intrinsic value at all. It certainly isn't worth £5.<br />
<br />
Britain suspended the gold standard in 1914 to fund the Great War before returning to it in 1925. It was finally abandoned in September 1931 and no currency in the world is now backed by gold. The reason? Not having your currency backed by something with real value meant that governments can print cash at will.<br />
<br />
Speak to any American libertarian about gold and they will talk at length about the evils of fiat money. They will tell you about how the Roman denarius, a silver coin, was diluted from 100pc silver to 84pc, then 43pc and finally to 0.05pc until nobody would take the coin as a means of exchange because it had no value.<br />
<br />
They will utter eyebrow-raising polemics about China's "flying money" and how Kublai Khan printed a currency that cost him nothing at all - becoming the father of all the fiat money in the world today.<br />
<br />
You may then be treated to the story of how Scottish economist John Law became the most hated man in France. He had to flee to Italy after introducing a fiat currency that almost brought the country to its knees. History shows that fiat money loves failure.<br />
<br />
This is the main argument that gold bugs use to talk up the gold price. Because all currencies are fiat, the world's major currencies will ultimately devalue against precious metals like gold and silver, the currencies of old.<br />
<br />
With the dollar in what some call a "death spiral" is the gold price likely to hit the $1,500 an ounce level in short shrift as some suggest? Is last week's three consecutive all-time highs a taste of things to come - or is a classic bubble building in gold?<br />
<br />
Ultimately what happens to the gold price will depend on the fate of the US dollar, the world's reserve currency.<br />
<br />
Things are certainly in place for the dollar to be devalued. The US is massively in debt to the rest of the world and the government is increasing the money supply through quantitative easing. Last week's record highs were prompted by a fall in the dollar and in particular by concern that the oil-producing nations would stop pricing crude in dollars. Ultimately this will probably happen – but not for a very long time.<br />
<br />
Most central banks hold vast quantities of dollars as their currency reserves. If they act to devalue the dollar by agreeing to oil sales in other currencies, they will devalue their own investments.<br />
<br />
According to the latest data from the US Treasury Department, China is the world's largest holder of treasury securities, with $800.5bn of the instruments. Japan is at number two with $724.5bn and the UK is in third place, holding $220bn of American debt securities.<br />
<br />
Despite the strong case for a devaluing dollar, it will probably be a painfully slow process. The dollar is probably not imminently doomed. However, the currency will almost certainly devalue over time and this is a long-term positive for the gold price.<br />
<br />
Of course, we are now in uncharted territory as far as the gold price goes but last week's gains could represent a top for now. It is likely that the dollar was oversold last week.<br />
<br />
On Friday, Ben Bernanke hinted that the Fed may raise rates sooner than expected and the dollar pared some of its losses.<br />
<br />
Investors wishing to buy into gold should wait for it to retrench – as it inevitably will. The main reason to own gold is as a store of value but the price will fluctuate.<br />
<br />
Gold at $1,500 is inevitable at some point in the future but it's probably not going to happen any time soon. Don't chase the price just now.<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.telegraph.co.uk/finance/currency/6299550/Gold-at-1500-Dont-hold-your-breath.html">The Telegraph</a></div>]]></content:encoded>
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         <title>FTSE 100 breaches 5200 to hit 12-month high</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7684</link>
         <description>&lt;div&gt;Breaching this level is significant, said David Jones, chief market strategist at IG Index.
&lt;br /&gt;
&quot;This area had successfully capped any strength since the middle of September and today’s levels are the highest seen for more than a year, which should help banish any worries that the recovery was running out of steam,&quot; he said.&lt;br /&gt;
&lt;br /&gt;
London's index of leading shares was up 57 - or 1.1pc - at 5221 by noon as a broad range of sectors showed gains.&lt;br /&gt;
&lt;br /&gt;
Insurer Old Mutual was the biggest ris&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen-finance-and-tec/Everyones_Blog_Posts_-_The_Watchmen_Finance_and_Te-FTSE_100_breaches_5200_to_hit_12-month_high.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Mon, 12 Oct 2009 10:29:43 -0700</pubDate>
         <content:encoded><![CDATA[<div>
Breaching this level is significant, said David Jones, chief market strategist at IG Index.<br />
<br />
"This area had successfully capped any strength since the middle of September and today’s levels are the highest seen for more than a year, which should help banish any worries that the recovery was running out of steam," he said.<br />
<br />
London's index of leading shares was up 57 - or 1.1pc - at 5221 by noon as a broad range of sectors showed gains.<br />
<br />
Insurer Old Mutual was the biggest riser - up 3.5pc. Telecoms, miners and retailers also gained, with Vodafone up 2.8pc, Xstrata rising 2.1pc and Burberry increasing 2.5pc.<br />
<br />
In Europe Germany's DAX and France's CAC rose 1.45pc and 1.2pc, buoyed by better-than-expected third-quarter profit from Royal Philips Electronics.<br />
<br />
US markets are expected to open up.<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.telegraph.co.uk/finance/markets/6306240/FTSE-100-breaches-5200-to-hit-12-month-high.html">The Telegraph</a></div>]]></content:encoded>
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         <title>U.S. Budget Deficit Estimate $1.4 Trillion</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7683</link>
         <description>&lt;div&gt;WASHINGTON &lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_OAXiRSjFdl&quot; target=&quot;_blank&quot; href=&quot;http://www.nytimes.com/reuters/2009/10/07/business/business-uk-usa-budget.html?pagewanted=print&quot; name=&quot;aptureLink_OAXiRSjFdl&quot;&gt;(Reuters)&lt;/a&gt; - The U.S. government spent a record $1.4 trillion (876.9 billion pounds) more than it collected in the fiscal year ended September 30, congressional analysts said on Wednesday, in their final estimate before the official numbers are issued.
&lt;br /&gt;
Bank bailouts, stimulus spending and declining t&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/everyones-blog-posts-the-watchmen-finance-and-tec/Everyones_Blog_Posts_-_The_Watchmen_Finance_and_Te-US_Budget_Deficit_Estimate_14_Trillion.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Mon, 12 Oct 2009 03:23:05 -0700</pubDate>
         <content:encoded><![CDATA[<div>
WASHINGTON <a rel="nofollow" id="aptureLink_OAXiRSjFdl" target="_blank" href="http://www.nytimes.com/reuters/2009/10/07/business/business-uk-usa-budget.html?pagewanted=print" name="aptureLink_OAXiRSjFdl">(Reuters)</a> - The U.S. government spent a record $1.4 trillion (876.9 billion pounds) more than it collected in the fiscal year ended September 30, congressional analysts said on Wednesday, in their final estimate before the official numbers are issued.<br />
<br />
Bank bailouts, stimulus spending and declining tax revenues due to a deep recession led the government to post a deficit that amounts to 9.9 percent of the U.S. Gross Domestic Product for the 2009 fiscal year, the Congressional Budget Office said.<br />
<br />
The Treasury Department will report the actual deficit later this month. The deficit for fiscal 2008 was $459 billion.<br />
<br />
The $1.4 trillion estimate is less than the budget office's estimate of $1.58 trillion issued in August, but the discrepancy arises from differences in calculating the costs of bailing out mortgage giants Fannie Mae and Freddie Mac , not any sudden change in economic conditions, CBO said.<br />
<br />
The government took in $2.1 trillion in fiscal 2009, a 16.6 percent drop from the previous year as the recession led to sharp declines in individual and corporate income taxes, CBO said.<br />
<br />
On the other half of the ledger, outlays increased 17.8 percent to $3.5 trillion, CBO said.<br />
<br />
Among the most expensive items were $154 billion for bailouts under the Troubled Asset Relief Program, $91 billion for the Fannie and Freddie bailouts, and $100 billion under the massive stimulus package approved in February.<br />
<br />
Excluding items in the stimulus package, spending for unemployment benefits more than doubled to $120 billion, CBO said.<br />
<br />
One bright spot: the government's interest payments on its debt actually decreased 23 percent to $199 billion thanks to lower interest rates, CBO said.<br />
<br />
(Reporting by Andy Sullivan, editing by Philip Barbara)</div>]]></content:encoded>
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         <title>The DIY fish supper: Future kitchen grows its own vegetables and seafood</title>
         <link>http://thewatchmendailynews.ning.com/xn/detail/2008199:BlogPost:14719</link>
         <description>&lt;div&gt;&lt;img src=&quot;http://i.dailymail.co.uk/i/pix/2009/10/11/article-0-06C868E4000005DC-24_468x537.jpg&quot;/&gt;
&lt;img src=&quot;http://i.dailymail.co.uk/i/pix/2009/10/11/article-0-06C92B5B000005DC-407_468x419.jpg&quot;/&gt;&lt;br /&gt;
&lt;br /&gt;
If you thought kitchen technology had reached its peak with the microwave oven, think again.&lt;br /&gt;
&lt;br /&gt;
Future cooks will use an indoor biosphere which grows vegetables and fish ready to be prepared with absolute freshness.&lt;br /&gt;
&lt;br /&gt;
It sounds like the stuff of science fiction, but this sort of techn&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/health-newss-posts-the-watchmen-daily-news-wdn/Health_Newss_Posts_-_The_Watchmen_Daily_News_WDN-The_DIY_fish_supper-_Future_kitchen_grows_its_own_vegetables_and_seafood.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Mon, 12 Oct 2009 03:02:36 -0700</pubDate>
         <content:encoded><![CDATA[<div>
<img src="http://i.dailymail.co.uk/i/pix/2009/10/11/article-0-06C868E4000005DC-24_468x537.jpg"/><br />
<img src="http://i.dailymail.co.uk/i/pix/2009/10/11/article-0-06C92B5B000005DC-407_468x419.jpg"/><br />
<br />
If you thought kitchen technology had reached its peak with the microwave oven, think again.<br />
<br />
Future cooks will use an indoor biosphere which grows vegetables and fish ready to be prepared with absolute freshness.<br />
<br />
It sounds like the stuff of science fiction, but this sort of technology is already under development to help households take the pain out of going green.<br />
<br />
A study produced to help buyers at John Lewis plan for changing lifestyles details how technology can preserve the quality of life while dramatically cutting energy and water use.<br />
<br />
It highlights advances already in development such as washing machines and dishwashers which clean with sound waves.<br />
<br />
There will also be 'frugal fridges' which will suggest recipes based on what is inside and even compact and recycle food waste.<br />
<br />
But perhaps most dramatic is the self-contained biosphere farm, created by Philips, to provide fish and fresh produce 52 weeks a year.<br />
<br />
It will also deliver fresh hydrogen, which can be used to power a car, and run on food waste from the kitchen.<br />
<br />
The plants produce oxygen, which is fed into the fish tank to keep the occupants happy.<br />
<br />
The tank is kept clean by shrimps, which can also be eaten.<br />
<br />
Elsewhere in the house, showers will filter waste water through a bed of reeds, allowing it to be reused to flush the lavatory or even make a cup of tea using, of course, a low-energy kettle.<br />
<br />
Architects already use 3D printers to create the models they use in building design.<br />
<br />
However, the technology will be applied to a machine which can use waste plastic to manufacture goods ranging from cups and spoons to a pair of trainers.<br />
<br />
Last week, the energy regulator Ofgem warned that power tariffs might need to rise by 60 per cent by 2016 to fund a new generation of wind farms, nuclear and clean coal power stations.<br />
<br />
Against this background, John Lewis and experts at the Future Laboratory, who are looking ahead to 2030, say there will be a fundamental shift in lifestyles and products to minimise energy use.<br />
<br />
The head of product sourcing at the store, Sean Allam, said there would be a big move away from throwaway household gadgets with the store looking at ten-year guarantees on some items.<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.dailymail.co.uk/sciencetech/article-1219701/The-DIY-fish-supper-Future-kitchen-grows-vegetables-seafood.html#ixzz0TiLnFOll"></a></div>]]></content:encoded>
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         <title>Brown will sell off £3bn of our assets to tackle deficit</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7682</link>
         <description>&lt;div&gt;&lt;img src=&quot;http://i.dailymail.co.uk/i/pix/2009/10/12/article-1219756-06C8C5E0000005DC-467_233x374.jpg&quot;/&gt;
&lt;br /&gt;
Gordon Brown today announced a major fire sale of government assets to raise £3billion to cut the national deficit.&lt;br /&gt;
&lt;br /&gt;
The Prime Minister revealed he wants to offload the government’s one third share in URENCO, a nuclear company that enriches uranium in Britain, Germany and the Netherlands - but only after safeguarding national security.&lt;br /&gt;
&lt;br /&gt;
And he confirmed that the Channel&lt;/div&gt;&amp;hellip;</description>
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         <pubDate>Mon, 12 Oct 2009 02:53:23 -0700</pubDate>
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<img src="http://i.dailymail.co.uk/i/pix/2009/10/12/article-1219756-06C8C5E0000005DC-467_233x374.jpg"/><br />
<br />
Gordon Brown today announced a major fire sale of government assets to raise £3billion to cut the national deficit.<br />
<br />
The Prime Minister revealed he wants to offload the government’s one third share in URENCO, a nuclear company that enriches uranium in Britain, Germany and the Netherlands - but only after safeguarding national security.<br />
<br />
And he confirmed that the Channel Tunnel rail link, the Tote, the Dartford crossing, and the student loans book will also be privatised.<br />
<br />
When local government asset sales are thrown in, the whole package is expected to raise £16billion.<br />
<br />
Each of those sell-offs had been widely predicted by City analysts as the government tried to get to grips with the deficit, which is expected to hit 14 per cent of national income next year.<br />
<br />
In a speech to city opinion formers at the offices of the Bloomberg financial newswire, Mr Brown said the sales will take place over the next two years.<br />
<br />
Government sources made the point that by announcing the detail of the sell-offs, the Prime Minister is moving forward with plans to get a grip on the UK’s finances.<br />
<br />
But the City and Westminster will watch carefully since selling prized assets during a recession is likely to drive down the amount likely to be raised for the public purse.<br />
<br />
Mr Brown will want to avoid the charge that he has sold off the family silver too cheaply after he was stung as Chancellor for selling off Britain’s gold reserves for a fraction of what they are now worth.<br />
<br />
He also previously abandoned a plan to sell off the Tote because it was not expected to raise the desired amount.<br />
<br />
The government will also sell surplus real estate that is part of the £220billion owned by departments and agencies and which can be packaged up for sale as market conditions improve.<br />
<br />
Mr Brown used his speech to argue that long term debt reduction will only be possible with better economic growth.<br />
<br />
He argued that the government’s programme of stimulus spending and quantitative easing must continue or risk damaging Britain’s growth prospects.<br />
<br />
The Prime Minister added: 'We also need a deficit reduction plan that supports growth and jobs not one that snuffs out recovery before it has started.<br />
<br />
‘A vital contributor to sustainable public finances is growth. Restoring public finance sustainability must be done in a way that supports growth not destroys it. The failure to do so is the real risk of a lost decade of austerity.’<br />
<br />
Mr Brown will also announce today that he will unveil a new European strategy for growth and jobs at a meeting of EU leaders later this month.<br />
<br />
His plan will attempt to mirror the success of the Prime Minister’s global plans to coordinate international efforts, which was largely adopted by G20 leaders at a summit in Pittsburgh last month.<br />
<br />
The Prime Minister will say today: ‘Britain must also use all its influence in Europe to ensure that an outward-looking EU is part of the solution to the world's economic challenges not part of the problem.<br />
<br />
‘The prospects of growth in Europe itself have a very significant impact on the UK’s growth potential. Europe remains our major trading partner accounting for 60 per cent of our exports - some 3 million jobs depend upon it.<br />
<br />
‘Like all other economies, Europe’s economy must restructure to meet the challenges of providing high growth without creating dangerous imbalances. We need the reforms that will generate new sources of demand and raise Europe’s longer growth potential.’<br />
<br />
<a rel="nofollow" id="aptureLink_C6oz5b7CBo" target="_blank" href="http://www.dailymail.co.uk/news/article-1219756/Brown-sell-3bn-assets-tackle-deficit.html#ixzz0TiJd2KQv" name="aptureLink_C6oz5b7CBo">The Daily Mail</a></div>]]></content:encoded>
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         <title>Racing the Clock to Avoid Foreclosures</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7681</link>
         <description>&lt;div&gt;&lt;i&gt;Bank of America Scrambles to Modify Loans Ahead of Government Deadline&lt;/i&gt;
&lt;br /&gt;
By Renae Merle&lt;br /&gt;
&lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_qzPvXQmNSB&quot; target=&quot;_blank&quot; href=&quot;http://www.washingtonpost.com/wp-dyn/content/article/2009/10/11/AR2009101102206.html?hpid=topnews&quot; name=&quot;aptureLink_qzPvXQmNSB&quot;&gt;Washington Post&lt;/a&gt;&lt;br /&gt;
Monday, October 12, 2009&lt;br /&gt;
&lt;br /&gt;
PLANO, Tex. -- Bank of America employees are reminded every day of how far they still have to go. Just outside the elevators of their vast third-floor command center, attache&lt;/div&gt;&amp;hellip;</description>
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         <pubDate>Mon, 12 Oct 2009 02:32:43 -0700</pubDate>
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<i>Bank of America Scrambles to Modify Loans Ahead of Government Deadline</i><br />
<br />
By Renae Merle<br />
<a rel="nofollow" id="aptureLink_qzPvXQmNSB" target="_blank" href="http://www.washingtonpost.com/wp-dyn/content/article/2009/10/11/AR2009101102206.html?hpid=topnews" name="aptureLink_qzPvXQmNSB">Washington Post</a><br />
Monday, October 12, 2009<br />
<br />
PLANO, Tex. -- Bank of America employees are reminded every day of how far they still have to go. Just outside the elevators of their vast third-floor command center, attached to the wall, is a cardboard thermometer that shows them inching toward their goal of signing up 125,000 struggling borrowers for a federal program to modify their mortgages.<br />
<br />
The company faces many of the same challenges as other major lenders addressing the foreclosure crisis. But with weeks remaining to meet the November deadline set by the Obama administration, Bank of America is trailing well behind the other large banks, according to Treasury Department data.<br />
<br />
The company's effort has been hamstrung by a staff shortage and by adapting its computer systems and even fax machines to the scale of the program, which began in March. The company was also slow out of the box because it initially took a more conservative approach than some other banks, requiring that borrowers document their income and complete other paperwork before granting preliminary approval for a modification. In August, Bank of America softened the requirement and began authorizing some modifications without getting all the documents first.<br />
<br />
Adding to borrowers' difficulties was a letter sent this summer by Bank of America that mistakenly informed some of them that they did not qualify for the administration's foreclosure-prevention program because their loans were not backed by Fannie Mae or Freddie Mac, the government-controlled mortgage giants. "Bank of America is not actively participating in this program," the bank wrote to some borrowers, according to a copy of the letter obtained by The Washington Post.<br />
<br />
After a reporter asked the company about the letter, Bank of America stopped sending it out. A company spokeswoman said the bank reviewed the cases of borrowers who received it, adding that she did not know how many there were.<br />
<br />
Even as the administration urges lenders to do more to help homeowners, some Bank of America employees continue to express skepticism about whether all of those seeking assistance really need it. "There's a difference between hardship and entitlement," said Jerry Durham, Bank of America's vice president of home retention.<br />
<br />
Stacking Up the Banks<br />
Under the Making Home Affordable program, lenders are paid with taxpayer funds to reduce borrowers' mortgage payments by lowering their interest rates, for example, or by extending the terms of their loans<br />
<br />
A progress report released last week by the Treasury Department showed that only 11 percent (about 95,000) of Bank of America's delinquent borrowers who were potentially eligible for the program had been given a loan modification. That compares with 27 percent, or 117,00, for J.P. Morgan Chase, and 33 percent, or 68,000, at Citigroup, the Treasury reported. The figure for Saxon Mortgage Services, which is owned by Morgan Stanley, is 41 percent, or 32,000.<br />
<br />
"We're sure working hard," Ken Scheller, senior vice president for home retention at Bank of America, said when asked about his company's low ranking. "We don't want to be down there." He added that the bank had modified 215,000 mortgages outside the federal program this year, including some under the terms of a settlement reached with state attorneys general related to subprime loans issued by Countrywide Financial, which Bank of America bought last year.<br />
<br />
Many of the 62 other mortgage lenders participating in the government program have also ramped up, industry officials said. Wells Fargo reported that call volume tripled after the program was announced in February, prompting the company to hire an additional 5,800 employees to address loan modifications this year. Citigroup increased its loss-mitigation department from 450 employees in early 2008 to more than 4,000. J.P. Morgan Chase switched from a paper fax system to an electronic one to handle the volume of documents being submitted by borrowers.<br />
<br />
"I remember two years ago sitting at a table with lenders and asking, 'Are you guys staffed up for this?' And they were like, 'Yeah, we're prepared,' " said Mark A. Calabria, an expert in financial regulation at the Cato Institute. "This was a much bigger wave than the lending industry was expecting."<br />
<br />
The problems are especially acute at Bank of America, partly because its mortgage portfolio more than doubled with the acquisition of Countrywide, analysts said. Countrywide had a loan portfolio heavy with risky mortgages and delinquent borrowers. Especially now, Bank of America is "like a big oil tanker, and it takes time for them to shift focus," said Guy Cecala, publisher of Inside Mortgage Finance.<br />
<br />
Even after top Treasury officials called in industry leaders for a series of meetings on the program in July, chastising them for their poor progress, the foreclosure crisis continues to worsen. Borrowers are becoming delinquent on their mortgages at record rates, and rising unemployment rates are exacerbating the problem, economists say. Already, 4.4 million borrowers have lost their home since the mortgage crisis began in 2007, and another 2 million will this year, according to Moody's Economy.com.<br />
<br />
On the Front Lines<br />
Bank of America's complex of office towers on the outskirts of Dallas is at the center of its efforts to address the crisis. At a rectangular control center in the middle of an open floor, employees monitor computer screens reporting how long callers from around the country have to wait to talk to a representative. Overhead, large screens record in red when calls have been on hold for more than two minutes.<br />
<br />
In a surrounding sea of cubicles, other employees dubbed home-retention specialists -- some completely new to the business -- tackle 40 to 50 calls a day. Clusters of work stations are demarcated with streamers, identifying teams that compete to help the most distressed borrowers and collect the most in delinquent payments. Executives say both are high priorities.<br />
<br />
The telephone conversations illustrate the challenge that the government has set for Bank of America in identifying borrowers whose troubles are serious enough to qualify for the program.<br />
<br />
On a recent morning, Tiffany Palmer was on the line with a frustrated borrower looking for help with his mortgage. He was $6,000 behind in his payments.<br />
<br />
"Do you have a 401(k) or savings -- liquid assets that can be quickly converted into cash?" she asked him. He was going to have to come up with money for the mortgage. Because his monthly mortgage payments represented less than 31 percent of his income, he made too much to qualify for a modified mortgage under the federal initiative. "You will not be eligible for the program," she said.<br />
<br />
The next caller was out of work. Palmer suspected that even with unemployment benefits, the borrower would not make enough to qualify for a loan modification.<br />
<br />
"Do you have any job prospects, interviews lined up?" Palmer asked her.<br />
<br />
Could she generate more income by renting out a room in her home? What about a garage sale? Could she skip her credit card payments, about $400 a month?<br />
<br />
"I am only giving them suggestions, not telling them what to do," said Palmer, who previously provided telephone technical assistance for T-Mobile customers last year before being laid off and then hired by Bank of America.<br />
<br />
A Fast-Paced Scramble<br />
The number of employees handling loan modifications for Bank of America has doubled this year to 11,000, and the bank still has 240 openings. It plans to open another facility in Fort Worth by the end of the year staffed with 300 more employees, and then it would add yet another 300 by the middle of 2010.<br />
<br />
Executives say frequent changes in the program required nearly constant retraining of employees. "It is a challenge to find folks and get them up to speed as quickly as we're moving," Scheller said.<br />
<br />
There have also been technological challenges. The bank is developing software to help identify eligible borrowers faster. "You are dealing with such volumes, you have to have computers to do the decisioning," Durham said. "We had to build a machine to handle 14 million loans."<br />
<br />
Even the fax machines have been an issue. Housing counselors and homeowners have complained that they are often forced to resubmit documents multiple times after being told the paperwork has been misplaced or never received.<br />
<br />
Kevin McFarland, a former Marine Corps sergeant, said he has repeatedly submitted his documents since late last year when he began pressing for a mortgage modification. Several times, McFarland said, he was told the documents were nowhere to be found. After submitting the documents in August for a fifth time, McFarland is still waiting for a ruling.<br />
<br />
Bank of America said it is still reviewing McFarland's case and has acknowledged problems with its faxing system.<br />
<br />
Last month, the company added a bigger server for its digital fax machine and more employees to sort the documents.<br />
<br />
Even as Bank of America triages thousands of loans, it is facing pressure from groups that own the mortgages the bank services on their behalf -- meaning it collects monthly mortgage payments for these investors. Most investors have agreed to allow Bank of America to modify mortgages in line with the administration program, but about 5 percent have refused and another 15 percent require the bank to get their approval on a case-by-case basis.<br />
<br />
Meanwhile, in another setback, a federal judge this summer rejected Bank of America's argument that it was protected against lawsuits by mortgage investors unhappy with the modified terms given to borrowers.<br />
<br />
Bank of America and other lenders have a lot riding on the foreclosure prevention program. The company stands to collect about $6 billion -- some of which will be passed on to investors -- of the $75 billion the administration has set aside for the Making Home Affordable program.<br />
<br />
At the same time, the banking industry faces a threat from senior Democrats in Congress who may revive legislation allowing bankruptcy judges to modify mortgages if more is not done to help borrowers. Last week, Sen. Jack Reed (D-R.I.) introduced a bill allowing a borrower to fight a foreclosure in court by arguing that the lender did not offer a loan modification.</div>]]></content:encoded>
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         <title>'A Recovery Only a Statistician Can Love'</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7665</link>
         <description>&lt;div&gt;Data That Point to Improving Economy Also Suggest Continued Pain for Many
&lt;br /&gt;
By Annys Shin&lt;br /&gt;
&lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_ZXmeLSPH0f&quot; target=&quot;_blank&quot; href=&quot;http://www.washingtonpost.com/wp-dyn/content/article/2009/08/11/AR2009081100988.html?hpid=topnews&quot; name=&quot;aptureLink_ZXmeLSPH0f&quot;&gt;Washington Post&lt;/a&gt;&lt;br /&gt;
Wednesday, August 12, 2009&lt;br /&gt;
&lt;br /&gt;
The pile of economic data indicating that the worst of the recession is over just keeps growing. In the past few weeks, the government has reported that businesses last month sh&lt;/div&gt;&amp;hellip;</description>
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         <pubDate>Wed, 12 Aug 2009 06:21:55 -0700</pubDate>
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Data That Point to Improving Economy Also Suggest Continued Pain for Many<br />
<br />
By Annys Shin<br />
<a rel="nofollow" id="aptureLink_ZXmeLSPH0f" target="_blank" href="http://www.washingtonpost.com/wp-dyn/content/article/2009/08/11/AR2009081100988.html?hpid=topnews" name="aptureLink_ZXmeLSPH0f">Washington Post</a><br />
Wednesday, August 12, 2009<br />
<br />
The pile of economic data indicating that the worst of the recession is over just keeps growing. In the past few weeks, the government has reported that businesses last month shed the smallest number of jobs in nearly a year. The savings rate, after rising rapidly, held steady at levels not seen in at least five years. And from April to June, productivity surged to a six-year high.<br />
<br />
But the same data also explain why any recovery isn't going to feel like one anytime soon for millions of Americans. Its existence will be confirmed by statistics, but, over at least the next year, the benefits are unlikely to materialize in the form of higher wages or tax receipts or more jobs.<br />
<br />
"It's going to be a recovery only a statistician can love," Wells Fargo senior economist Mark Vitner said.<br />
<br />
A few recent pieces of data offered reasons for both hope and trepidation.<br />
<br />
The Labor Department reported Tuesday that business productivity jumped in the second quarter to a seasonally adjusted annual rate of 6.3 percent, far higher than the annual average of 2.6 percent from 2000 to 2008.<br />
<br />
Higher productivity helps raise living standards in the long run and is good for corporate profits because it allows companies to produce more without paying higher labor costs. But the boost in productivity was largely due to businesses slashing hours faster than output. Labor costs per unit fell, but so did the buying power of workers, further constraining already weak consumer spending, which accounts for 70 percent of the economy.<br />
<br />
Increased productivity, combined with other factors, could also bode poorly for employment because as long as businesses can do more with fewer people, they can delay hiring. Adding to that potential delay is the fact that employers have slashed hours to an unprecedented degree to survive the recession. The average time spent working each week is at a record low, and just under 9 million people are working part time for economic reasons.<br />
<br />
"Before you see hiring, firms have an awful lot of latitude to increase hours," said Richard Moody, chief economist for Forward Capital, an investment research firm.<br />
<br />
As a result, many economists said, a jump in productivity increases the odds that the recession will be followed by a "jobless recovery," similar to what followed the 2001 recession. That downturn had similar productivity gains.<br />
<br />
Once it was officially over, it took 55 months before a greater share of Americans had jobs than when the recession ended, compared with 29 months after the 1990-91 recession and just seven months after the 1981-82 recession, according to an analysis of government data by University of California economist Brad DeLong.<br />
<br />
Another piece of encouraging news -- the July jobs report -- showed the unemployment rate edging down to 9.4 percent from 9.5 percent as the pace of layoffs slowed. But the rate also fell largely because more than 400,000 people dropped out of the labor force and therefore were not counted as unemployed.<br />
<br />
Another disturbing development was that the number of people out of work for 27 weeks or longer reached a record 5 million, accounting for a third of the unemployed. That suggests to some economists that those job losses were caused by structural changes in the economy and that many of those people won't be called back to work once the economy picks up. The longer people are out of work, the harder it becomes for them to find jobs and the more likely they are to exhaust savings or lose their homes to foreclosure.<br />
<br />
"Economists are using one concept of recession that is at total variance of how a normal human being thinks of it. A normal human being thinks of a recession as: You fell into a hole, and as long as you're in a hole, you're in a recession," said Lawrence Mishel, president of the Economic Policy Institute. "Economists think of [a recession's end] as . . . when the economy stops shrinking."<br />
<br />
Job loss or simply the prospect of it has motivated Americans to save more after years of spending beyond their means, a development hailed by civic leaders, personal finance gurus and some economists as vital to more sustainable economic growth in the long term. But in the short term, it is bad for the economy because it is yet another constraint on consumer spending. Weak spending is one of the major reasons economists cite in their forecasts for a sluggish recovery.<br />
<br />
With fewer people and businesses willing to buy things, it will take longer for the economy to work off all the excess capacity that was built up during boom times.<br />
<br />
Think of thousands of idled factories, acres of empty strip malls and ports packed with unsold automobiles, not to mention millions of workers who lost jobs as business scaled back production to keep up with falling demand.<br />
<br />
"We have excess capacity and high unemployment across the board," Mishel said. "What we need is customers."</div>]]></content:encoded>
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         <title>Unemployment jumps 220,000 to 2.4m</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7664</link>
         <description>&lt;div&gt;&lt;img src=&quot;http://static.guim.co.uk/sys-images/Education/Pix/pictures/2009/4/20/1240226377726/unemployment-on-the-rise--002.jpg&quot;/&gt;
&lt;br /&gt;
&lt;em&gt;Economists predict that youth unemployment will reach 1 million this autumn as a new crop of school and college leavers flood into the jobs market. Photograph: Christopher Thomond&lt;/em&gt;&lt;br /&gt;
&lt;br /&gt;
Unemployment in Britain jumped by 220,000 in the three months to June to 2.435 million, official data showed today, the highest level since 1995.&lt;br /&gt;
&lt;br /&gt;
The Office&lt;/div&gt;&amp;hellip;</description>
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         <pubDate>Wed, 12 Aug 2009 05:59:58 -0700</pubDate>
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<img src="http://static.guim.co.uk/sys-images/Education/Pix/pictures/2009/4/20/1240226377726/unemployment-on-the-rise--002.jpg"/><br />
<br />
<em>Economists predict that youth unemployment will reach 1 million this autumn as a new crop of school and college leavers flood into the jobs market. Photograph: Christopher Thomond</em><br />
<br />
Unemployment in Britain jumped by 220,000 in the three months to June to 2.435 million, official data showed today, the highest level since 1995.<br />
<br />
The Office for National Statistics said that the jobless rate was now 7.8% of the workforce.<br />
<br />
The figures also showed a huge 271,000 drop in the number of people in work – the biggest fall since records began in 1971 – although there was a similar fall in the February to April period this year.<br />
<br />
There was a rise of more than 50,000 in the number of the under-25s without work to a total of 928,000, fuelling fears of a "lost generation" of jobless. The Prince's Trust said that around half of these were able to claim unemployment benefit, which was now costing the government £3.4m a day.<br />
<br />
"But this is just the start of a long and downward spiral, which all too often leads to crime, homelessness or worse. Only by stopping young people falling out of the system can we rescue this lost potential and save the economy billions each year," said Martina Milburn, the charity's chief executive.<br />
<br />
The Liberal Democrat work and pensions spokesman, Steve Webb, added: "Young people should be getting intensive support as soon as they sign on instead of having to wait a year for a guarantee of a job or training place. With vacancies at a record low, it is vital that we prevent today's school and university leavers from becoming a lost generation of long-term unemployed."<br />
<br />
The ONS also reported a relatively small rise of 25,000 in the number of people claiming jobseeker's allowance. Under that measure there are now 1.58 million people claiming benefit, equivalent to 4.9% of the workforce, which is the highest rate since October 1997.<br />
<br />
There is now widespread suspicion among experts that the claimant count figures are not representing the true state of joblessness since many unemployed people are unable to claim benefit. Yesterday the Department for Work and Pensions announced an inquiry into the recent divergence between the two measures of unemployment.<br />
<br />
'Unacceptable' and 'ghastly'<br />
<br />
Ahead of the figures, the business secretary, Lord Mandelson, admitted this morning that unemployment levels were "unacceptable", although he insisted that even more people would be out of work if the Tories had been in power during the recession.<br />
<br />
Speaking on BBC Radio 4's Today programme, Mandelson said: "One thing I and the government know is that any such level of unemployment is unacceptable.<br />
<br />
"The question is, what is the government doing about it, and what would be the level of unemployment if the government had not intervened in the economy in the way in which we have?"<br />
<br />
He said the government was spending £5bn on getting people back to work while the Conservatives wanted to cut state investment in the economy by a similar amount.<br />
<br />
TUC general secretary Brendan Barber said: "Today's figures show we are still some way off recovery. With over one in six young people out of work, unemployment is already at crisis level. The government must do more to get people back into work, otherwise we risk losing another generation of young people to mass unemployment."<br />
<br />
Describing the figures as "ghastly," Howard Archer, chief UK and European economist at IHS Global Insight said he suspected the International Labour Organisation (ILO) measure of unemployment "is painting a truer picture of the current state of the labour market" than the much narrower claimant count measure.<br />
<br />
"In particular, over the summer months, there are likely to be a lot of students who have just left college or school and cannot get a job, thereby going straight into unemployment," Archer said. "These do not show up on the claimant count data as they are not eligible for benefits. Indeed, youth unemployment is already a major source of concern."<br />
<br />
The ILO data shows that the employment rate of 16 and 17-year-olds dropped to 28.6% in April-June from 34% a year earlier, while the rate for people aged 18 to 24 dropped to 59.8% from 64.1%.<br />
<br />
<a rel="nofollow" id="aptureLink_SXZDk9vQms" target="_blank" href="http://www.guardian.co.uk/business/2009/aug/12/unemployment-jobless-rise" name="aptureLink_SXZDk9vQms">The Guardian</a></div>]]></content:encoded>
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         <title>U.S. mortgage applications drop as loan rates rise</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7663</link>
         <description>&lt;div&gt;NEW YORK &lt;a rel=&quot;nofollow&quot; id=&quot;aptureLink_5fAw35pRr1&quot; target=&quot;_blank&quot; href=&quot;http://www.reuters.com/article/newsOne/idUSTRE57B2FB20090812?rpc=21&quot; name=&quot;aptureLink_5fAw35pRr1&quot;&gt;(Reuters)&lt;/a&gt; - U.S. mortgage applications fell last week, reflecting a drop in demand for home refinancing loans as interest rates soared to their highest levels since June, data from an industry group showed on Wednesday.
&lt;br /&gt;
Applications for loans to buy homes, an early indicator of sales, rose slightly. Tepid interest in purchase lo&lt;/div&gt;&amp;hellip;</description>
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         <pubDate>Wed, 12 Aug 2009 05:53:52 -0700</pubDate>
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NEW YORK <a rel="nofollow" id="aptureLink_5fAw35pRr1" target="_blank" href="http://www.reuters.com/article/newsOne/idUSTRE57B2FB20090812?rpc=21" name="aptureLink_5fAw35pRr1">(Reuters)</a> - U.S. mortgage applications fell last week, reflecting a drop in demand for home refinancing loans as interest rates soared to their highest levels since June, data from an industry group showed on Wednesday.<br />
<br />
Applications for loans to buy homes, an early indicator of sales, rose slightly. Tepid interest in purchase loans does not bode well for the hard-hit U.S. housing market, which has been showing signs of stabilization.<br />
<br />
The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, for the week ended August 7 decreased 3.5 percent to 499.0.<br />
<br />
Celia Chen, senior director of housing economics at Moody's Economy.com in West Chester, Pennsylvania, said higher interest rates on mortgages tend to depress home buying, but that demand is not as sensitive to changes in rates as it is in refinancing activity.<br />
<br />
"Even though mortgage rates are rising, they still remain quite affordable," she said.<br />
<br />
"The bigger obstacle to home buying is job losses and tight qualifying conditions for borrowing," she said.<br />
<br />
With the U.S. unemployment rate at 9.4 percent, many potential home buyers who have lost or who fear they may lose their jobs remain sidelined even though home affordability has improved significantly.<br />
<br />
Borrowing costs on 30-year fixed-rate mortgages, excluding fees, averaged 5.38 percent, up 0.21 percentage point from the previous week. It was the highest rate since the week ended June 19 and significantly above the all-time low of 4.61 percent set in the week ended March 27. The survey has been conducted weekly since 1990.<br />
<br />
Interest rates a year ago were at 6.57 percent.<br />
<br />
Mortgage rates were above 5 percent for an 11th straight week. Some experts say rates at 5 percent and below are needed to make a significant impact on home loan demand.<br />
<br />
The MBA's seasonally adjusted purchase index rose 1.1 percent to 267.2, the third, albeit small, gain in the last four weeks.<br />
<br />
The four-week moving average of mortgage applications, which smooths the volatile weekly figures, was down 0.7 percent.<br />
<br />
LOOMING FORECLOSURES TO PRESSURE HOME PRICES<br />
<br />
Chen said the biggest obstacle for the U.S. housing market is foreclosures.<br />
<br />
Moody's Economy.com is expecting 3.85 million defaults this year compared to 2.7 million last year, she said. First mortgage defaults are the first step in the foreclosure process; not all defaults turn into foreclosures.<br />
<br />
Although the housing market has been showing signs of stabilization, with sales rising and home price declines moderating in many regions, Chen said prices likely will fall again.<br />
<br />
"There are a large number of foreclosures in the pipeline and once they hit the housing market, they will pull house prices down again," she said. "I expect house prices to continue falling until mid-2010."<br />
<br />
WEEKLY REFINANCING ACTIVITY REVERSES<br />
<br />
The Mortgage Bankers seasonally adjusted index of refinancing applications decreased 7.2 percent to 1,853.8, following an increase of the same amount the previous week.<br />
<br />
The refinance share of applications decreased to 52.3 percent from 54.2 percent the previous week, significantly lower than the peak of 85.3 percent in the week ended January 9. The adjustable-rate mortgage share of activity increased to 5.8 percent in the latest week, up from 5.4 percent the previous week.<br />
<br />
Fixed 15-year mortgage rates averaged 4.71 percent, up from 4.60 percent the previous week. Rates on one-year adjustable-rate mortgages increased to 6.71 percent from 6.67 percent.<br />
<br />
(Editing by Leslie Adler)</div>]]></content:encoded>
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         <title>Roubini: Risk of Double-Dip Recession Not Quite Past Yet</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7662</link>
         <description>&lt;div&gt;The world economy still risks a double-dip recession if oil prices rise toward $100 per barrel and if huge U.S. government debts frighten investors, Nouriel Roubini, professor of economics and chairman of RGE Monitor, told CNBC.
&lt;br /&gt;
&quot;There is a risk, a low probability for a double dip,&quot; Roubini said on &quot;Squawk Box.&quot;&lt;br /&gt;
&lt;br /&gt;
Although the risk of a depression has been virtually eliminated by the massive monetary stimulus, &quot;we are in the middle of the worst recession in 60 years&quot; and th&lt;/div&gt;&amp;hellip;</description>
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         <pubDate>Wed, 12 Aug 2009 05:24:59 -0700</pubDate>
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The world economy still risks a double-dip recession if oil prices rise toward $100 per barrel and if huge U.S. government debts frighten investors, Nouriel Roubini, professor of economics and chairman of RGE Monitor, told CNBC.<br />
<br />
"There is a risk, a low probability for a double dip," Roubini said on "Squawk Box."<br />
<br />
Although the risk of a depression has been virtually eliminated by the massive monetary stimulus, "we are in the middle of the worst recession in 60 years" and the rallying stock market may have gotten ahead of itself, he added.<br />
<br />
"Asset prices should go higher, the question is too much, too soon, too high? In my view there is the risk of a correction," Roubini said.<br />
<br />
"I can still see downside risks for financial institutions," he said.<br />
<br />
Because of the United States' large budget deficit—monetized by the Federal Reserve—investors may at some point next year begin to worry and pull out of government bonds, pushing yields higher, according to Roubini.<br />
<br />
Another risk is that if the oil price goes toward $100 a barrel, the shock would be similar to the one felt last year when it went above $145, which was the tipping point for the world economy, he said.<br />
<br />
"It could lead to a double dip. I'm not saying it's going to happen but it's a risk," Roubini added.<br />
<br />
However, any correction in stocks would not be as severe as pushing the S&amp;P 500 towards 666 unless there is a clear risk of a double-dip, he said.<br />
<br />
<a rel="nofollow" id="aptureLink_elDBsx322m" target="_blank" href="http://www.cnbc.com/id/32383817" name="aptureLink_elDBsx322m">CNBC</a></div>]]></content:encoded>
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         <title>Fed to Hike Rates to 7% by Mid-2011: Strategist</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7661</link>
         <description>&lt;div&gt;&lt;iframe class=&quot;embeddedvideo&quot; name=&quot;cnbcplayer&quot; pluginspage=&quot;http://www.macromedia.com/go/getflashplayer&quot; height=&quot;380&quot; width=&quot;400&quot; src=&quot;http://plus.cnbc.com/rssvideosearch/action/player/id/1211493779/code/cnbcplayershare&quot; type=&quot;application/x-shockwave-flash&quot;&gt;&lt;/iframe&gt;
&lt;br /&gt;
Federal Reserve policymakers kicked off the two-day meeting to determine the U.S. interest rate policy. John Lekas, CEO and portfolio manager of Leader Capital, and Michelle Girard, senior economist at RBS, weighed in on what investors should expect from this week’s decision.&lt;br /&gt;
&lt;br /&gt;
“We’re most focused on the Treasury-buying program,” Girard told CNBC.&lt;br /&gt;
&lt;br /&gt;
“There’s not going to be any meaningful expansion of the program. The Fed is moving toward winding down the b&lt;/div&gt;&amp;hellip;</description>
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         <pubDate>Wed, 12 Aug 2009 05:21:01 -0700</pubDate>
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<iframe class="embeddedvideo" name="cnbcplayer" pluginspage="http://www.macromedia.com/go/getflashplayer" height="380" width="400" src="http://plus.cnbc.com/rssvideosearch/action/player/id/1211493779/code/cnbcplayershare" type="application/x-shockwave-flash"></iframe> 
<br />
Federal Reserve policymakers kicked off the two-day meeting to determine the U.S. interest rate policy. John Lekas, CEO and portfolio manager of Leader Capital, and Michelle Girard, senior economist at RBS, weighed in on what investors should expect from this week’s decision.<br />
<br />
“We’re most focused on the Treasury-buying program,” Girard told CNBC.<br />
<br />
“There’s not going to be any meaningful expansion of the program. The Fed is moving toward winding down the balance sheet, not stepping up. So if they say anything, it will be just a signal that the program is in the process of being wound down.”<br />
<br />
Girard said she doesn’t expect the Fed to start raising interest rates until the middle of 2010.<br />
<br />
“We think we’ll be at 5 percent by the end of 2010 and continuing higher into 2011,” she said. “The Fed is going to be very cautious to make sure the economy is on solid footing before they hike.”<br />
<br />
In the meantime, Lekas said the Fed would have already begun to raise interest rates if it weren’t for Bernanke’s tenuous position re being reappointed.<br />
<br />
“We do think they’ll signal that they’d like to raise and probably begin so toward the end of this year,” said Lekas.<br />
<br />
“We think the Fed will take [interest rates] to almost 7 percent by the second quarter of 2011. That’s based on weak GDP and continuing deterioration of the dollar, which is inflationary.”<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.cnbc.com/id/32372518">CNBC</a></div>]]></content:encoded>
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         <title>U.S. Considers Remaking Mortgage Giants</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7643</link>
         <description>&lt;div&gt;'Bad Bank' Would Wipe the Slate Clean for Fannie Mae, Freddie Mac by Taking Their Toxic Loans
&lt;br /&gt;
Written by Zachary A. Goldfarb and David Cho for &lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://www.washingtonpost.com/wp-dyn/content/article/2009/08/05/AR2009080504063.html?hpid=topnews&quot;&gt;The Washington Post&lt;/a&gt;, Thursday, August 6, 2009.&lt;br /&gt;
&lt;br /&gt;
The Obama administration is considering an overhaul of Fannie Mae and Freddie Mac that would strip the mortgage finance giants of hundreds of billions of doll&lt;/div&gt;&amp;hellip;</description>
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         <pubDate>Wed, 05 Aug 2009 23:01:04 -0700</pubDate>
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'Bad Bank' Would Wipe the Slate Clean for Fannie Mae, Freddie Mac by Taking Their Toxic Loans<br />
<br />
Written by Zachary A. Goldfarb and David Cho for <a rel="nofollow" target="_blank" href="http://www.washingtonpost.com/wp-dyn/content/article/2009/08/05/AR2009080504063.html?hpid=topnews">The Washington Post</a>, Thursday, August 6, 2009.<br />
<br />
The Obama administration is considering an overhaul of Fannie Mae and Freddie Mac that would strip the mortgage finance giants of hundreds of billions of dollars in troubled loans and create a new structure to support the home-loan market, government officials said.<br />
<br />
The bad debts the firms own would be placed in new government-backed financial institutions -- so-called bad banks -- that would take responsibility for collecting as much of the outstanding balance as possible. What would be left would be two healthy financial companies with a clean slate.<br />
<br />
The moves would represent one of the most dramatic reorderings of the badly shattered housing finance system since District-based Fannie Mae was created by Congress to support mortgage lending during the Great Depression. Both Fannie Mae and Freddie Mac, based in McLean, have government charters to buy home loans from banks, which they then repackage and sell to investors. The banks can then use the proceeds to offer more loans to home buyers.<br />
<br />
The leviathans became emblematic of the financial crisis when they were effectively nationalized in September amid a market meltdown that revealed much of their holdings to be troubled. The government has since pledged more than $1.5 trillion, including $85 billion in direct aid, to keep the mortgage market working through Fannie Mae and Freddie Mac.<br />
<br />
The proposal, which is preliminary and one of several under discussion, is scheduled to be taken up by the White House's National Economic Council on Thursday.<br />
<br />
"It should come as no surprise that the administration is thinking through" wholesale changes to these companies, said Andrew Williams, a Treasury Department spokesman. "We are in the preliminary stage of the process, the systematic development of options has not taken place, and no decisions have been made."<br />
<br />
Internal discussions over the future of the companies began earlier this year during the regulatory reform planning process and now are entering a more serious phase. National Economic Council Director Lawrence H. Summers has long wanted to overhaul the companies.<br />
<br />
The government's efforts so far "have taken the risk out of those two firms," Treasury Secretary Timothy F. Geithner said in a recent interview. "The only question that remains is what form, what structure they ultimately will take."<br />
<br />
In an interview Wednesday announcing that he would step down later this month, James B. Lockhart III, the chief regulator of Fannie Mae and Freddie Mac, said there needs to be a "good bank, bad bank" structure.<br />
<br />
The "bad bank" would be a depository for Fannie Mae's and Freddie Mac's toxic assets. Then, the government could create new companies, if it chose to do so, that would attract private investment in support of mortgage finance.<br />
<br />
Options for the "good banks" include consolidating the firms into one government agency, leaving mortgage finance to private banks or maintaining a hybrid model.<br />
<br />
The National Economic Council has looked at the "bad bank" option, among many others, in several internal policy papers. Any final decision would come after talks involving the White House, the Treasury, the Department of Housing and Urban Development and the Federal Housing Finance Agency.<br />
<br />
A major problem is that the firms own and insure trillions of dollars of existing mortgages. With the economy still in a deep recession, joblessness rising and defaults on home loans expected to continue to go up, there is great uncertainty over the size of future losses at Fannie Mae and Freddie Mac. That, in turn, is likely to drive investors from committing money to the companies.<br />
<br />
Fannie Mae and Freddie Mac existed for years as odd hybrids, created by government to support housing but owned by private shareholders. (They are now majority-owned by the government.) Over the years, the unusual status has fed concerns that the firms exploited their quasi-governmental role to borrow money at very low rates and therefore grow far larger than was sustainable. At the same time, they had a duty to shareholders to maximize profits, leading them to take on bigger risks.<br />
<br />
Until the future of the firms is worked out, the Obama administration has been using them to carry out its housing recovery program, including restructuring mortgages to avoid foreclosures.<br />
<br />
In addition, the Federal Reserve has bought well over $1 trillion worth of mortgage-related securities and debt from Fannie Mae and Freddie Mac. That further helped to lower interest rates on home loans. The government also has pledged up to $400 billion in direct investments in the firms.<br />
<br />
Summers has long thought that the old structure of the companies posed a danger to the financial system. In 1999, when he was Treasury secretary, he warned lawmakers that Fannie Mae and Freddie Mac had grown so large that if they stumbled, the damage to the U.S. economy could be staggering.<br />
<br />
Few heeded him. Now, once again a leading voice on economic policy, Summers has the platform to restructure the mortgage giants.<br />
<br />
The revamping of the firms was almost included in the administration's June white paper that proposed an overhaul to the federal regulation of the financial system. But after determining that they had to craft a careful exit of the government's aid for those companies, Summers and Geithner decided to put the issue off.</div>]]></content:encoded>
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         <title>US jobs data improves as Goldman raises its GDP forecast</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7642</link>
         <description>&lt;div&gt;&lt;i&gt;The rate at which jobs are being lost in the American economy appears to be slowing despite potentially conflicting evidence showing planned redundancies are increasing and that the slight recovery in the US service industry has reversed.&lt;/i&gt;
&lt;br /&gt;
Ahead of Friday’s all-important non-farm payroll data, which will show how many jobs were lost in July across the US economy, yesterday’s ADP private sector jobs survey showed that 371,000 jobs were lost last month, compared with 4&lt;/div&gt;&amp;hellip;</description>
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         <pubDate>Wed, 05 Aug 2009 22:54:59 -0700</pubDate>
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<i>The rate at which jobs are being lost in the American economy appears to be slowing despite potentially conflicting evidence showing planned redundancies are increasing and that the slight recovery in the US service industry has reversed.</i><br />
<br />
Ahead of Friday’s all-important non-farm payroll data, which will show how many jobs were lost in July across the US economy, yesterday’s ADP private sector jobs survey showed that 371,000 jobs were lost last month, compared with 463,000 in June.<br />
<br />
Although the total was a little higher than the 345,000 economists had been predicting, it was a welcome downward shift. A Reuters’ poll of analysts showed them expecting the numbers to show a loss of 320,000 public and private sector jobs.<br />
<br />
However, the positive outlook was distinctly at odds with data from recruitment specialists Challenger, Gray &amp; Christmas, which said that planned redundancies at American firms rose for the first time in six months in July, totalling 97,373, a 31pc increase from June.<br />
<br />
The Challenger data was backed up by statistics later in the day from the Institute for Supply Management which showed that the service sector slowed at a faster pace in July than in June. The sector is important, as it represents approximately 80pc of US economic activity.<br />
<br />
The ISM’s services index fell to 46.4 in July from 47 in June — anything below 50 represents a contraction.<br />
<br />
“The pull-back in the services industry employment gauge is not a good omen for payroll employment in July,” said Brian Bethune, IHS Global Insight’s chief US financial economist. “The bottom-line here is that the path from recession to recovery should not be expected to be smooth and occasional setbacks should not be a surprise.”<br />
<br />
Despite uncertainty, Goldman Sachs chose yesterday to increase its gross domestic product (GDP) forecasts for the current year.<br />
<br />
Jan Hatzius, Goldman’s chief US economist wrote: “We are boosting our near-term US economic outlook. Specifically, we are raising our forecast for real GDP growth in the second half of 2009 to 3pc from 1pc (at an annual rate), although we expect a return to below-trend growth in 2010”.<br />
<br />
Mr Hatzius and his colleagues based their decision on last week’s GDP numbers, the bigger-than-expected boost that the economy is receiving from various fiscal stimuli from the Obama administration, and a return in residential investment.<br />
<br />
Goldman’s forecast follows a number of similar forecast upgrades from Wall Street rivals over the past week, with UBS predicting 2.5pc third-quarter growth, against 2pc earlier, and Wells Fargo 3pc against 2.2pc.<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.telegraph.co.uk/finance/financetopics/recession/5978910/US-jobs-data-improves-as-Goldman-ups-GDP-forecast.html">The Telegraph</a></div>]]></content:encoded>
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         <title>Swine flu skivers cost firms more than virus, say employers</title>
         <link>http://thewatchmendailynews.ning.com/xn/detail/2008199:BlogPost:14619</link>
         <description>&lt;div&gt;Thousands of healthy workers are thought to have taken advantage of official guidelines on the pandemic to extend their summer holidays.
&lt;br /&gt;
By simply phoning the NHS swine flu hot line or visiting its website, unscrupulous workers can get themselves a course of antiviral medicine and do not need a sick note from their GP for the first seven days’ absence.&lt;br /&gt;
&lt;br /&gt;
The Government is considering doubling this period to a fortnight, which companies fear could make the situation worse an&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/health-newss-posts-the-watchmen-daily-news-wdn/Health_Newss_Posts_-_The_Watchmen_Daily_News_WDN-Swine_flu_skivers_cost_firms_more_than_virus_say_employers.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Wed, 05 Aug 2009 22:51:00 -0700</pubDate>
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Thousands of healthy workers are thought to have taken advantage of official guidelines on the pandemic to extend their summer holidays.<br />
<br />
By simply phoning the NHS swine flu hot line or visiting its website, unscrupulous workers can get themselves a course of antiviral medicine and do not need a sick note from their GP for the first seven days’ absence.<br />
<br />
The Government is considering doubling this period to a fortnight, which companies fear could make the situation worse and cost them millions of pounds in lost productivity at a time when they are struggling with the effects of the recession.<br />
<br />
There are predictions that more healthy workers will be tempted to call in sick as the weather improves over the next week, after the wettest July on record.<br />
<br />
The Employment Law Advisory Service, which provides legal advice to companies on personnel problems, disclosed yesterday that it had begun receiving calls from concerned managers as soon as the self-diagnosis website was set up last month.<br />
<br />
It has since heard from more than 1,000 companies that believe staff have exploited concern about the spread of the H1N1 virus to take an extra week off. It believes that the Department of Health’s guidance risks creating a “skiver’s charter”.<br />
<br />
Peter Mooney, the service’s head of consultancy, said: “Managers feel that some staff are simply taking advantage of concerns about the transmission of swine flu to take an extra few days off work. Because the emphasis has been on not going to your local GP but using websites to assess the infection and the risk to others, those who stay at home are not going to need a doctor’s note or have too many people calling on them to see how they feel.<br />
<br />
“Based on the volume, and the nature, of calls we have been taking, the number of deliberate false cases of the condition is having a significant impact on workplaces across the country — something bosses are keen to tackle.”<br />
<br />
The Department of Health’s own planning assumptions state that nine per cent of the workforce could be absent at any one time during August, rising to 12 per cent in the winter. Ministers set up emergency measures to reduce the pressure on the NHS and slow the transmission of the virus amid predictions of a worst-case scenario in which one in three of the population falls ill and 65,000 people die.<br />
<br />
Those who believe they have symptoms are advised to contact the National Pandemic Flu Service over the phone or online, rather than visit a family doctor.<br />
<br />
If they are diagnosed with swine flu, they are given a number to allow them to collect a course of antiviral drugs and told to stay at home for a minimum of seven days in order to prevent further spread of the virus.<br />
<br />
The flu service website and phone line handed out over 150,000 doses of Tamiflu in its first week. However, there is evidence that only about one in four recipients actually has the H1N1 virus.<br />
<br />
GPs have said that they are being inundated with calls from patients claiming to have swine flu and requesting a note to sign them off work for longer than a week. Many are concerned that they are being asked to certify that people are ill without having seen them, meaning shirkers could take advantage.<br />
<br />
Recent figures suggest the average worker takes 7.4 days off sick a year at a total cost of £17.3 billion to the economy, so the impact of staff taking another fortnight off for self-diagnosed swine flu could cripple some small businesses.<br />
<br />
The Department of Work and Pensions (DWP) is considering extending the period of self-certification from one to two weeks to ease pressure on GPs. A DWP spokesman said: “We don’t want people to feel obliged to leave the home or return to work when they are still unwell or put an unnecessary burden on GPs in a pandemic.<br />
<br />
“Contingency plans therefore include the possibility of extending self-certification to 14 days for a limited period.”<br />
<br />
Ben Willmott, a senior public policy adviser at the Chartered Institute of Personnel and Development, said: “Obviously some employers are concerned that employees could take advantage of that.”<br />
<br />
He urged managers to make sure they have contingency plans in place so they can cope if staff are genuinely ill with swine flu, and also to ensure that workers know that absence levels are monitored in order to catch those “swinging the lead”.<br />
<br />
Meanwhile, GPs have been warned that a Tamiflu solution designed for babies will run out if it continues to be given to people who do not like to swallow capsules.<br />
<br />
The Royal College of General Practitioners has told doctors not to prescribe the antiviral liquid to older children or adults. In a bulletin to members, the college said this was happening “across the country” and was “causing an unprecedented demand for the solution”.<br />
<br />
Those who cannot swallow capsules should instead open the capsule and dissolve the powder in a sweet drink, it recommended.<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.telegraph.co.uk/health/swine-flu/5979940/Swine-flu-skivers-cost-firms-more-than-virus-say-employers.html">The Telegraph</a></div>]]></content:encoded>
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         <title>UK house prices have first quarterly rise since bubble burst in 2007</title>
         <link>http://thewatchmenfinanceandtechnews.ning.com/xn/detail/2089241:BlogPost:7641</link>
         <description>&lt;div&gt;&lt;i&gt;UK house prices had their first three-month rise since October 2007 in a sign that the market may have found a bottom, according to the latest survey from Halifax.&lt;/i&gt;
&lt;br /&gt;
&lt;iframe class=&quot;embeddedvideo&quot; src=&quot;http://c.brightcove.com/services/viewer/federated_f9/25560323001?isVid=1&amp;amp;publisherID=1139053637&quot; name=&quot;flashObj&quot; width=&quot;486&quot; height=&quot;412&quot; type=&quot;application/x-shockwave-flash&quot; pluginspage=&quot;http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash&quot;&gt;&lt;/iframe&gt; 
&lt;br /&gt;
Prices rose 0.8pc in the three months to July, compared with the previous three months, according to mortgage lender Halifax's monthly survey. That is the first time prices have climbed on this quarterly basis since October 2007 and is &quot;an indicator of the underlying trend,&quot; Halifax sai&lt;/div&gt;&amp;hellip;</description>
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         <pubDate>Wed, 05 Aug 2009 22:46:03 -0700</pubDate>
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<i>UK house prices had their first three-month rise since October 2007 in a sign that the market may have found a bottom, according to the latest survey from Halifax.</i><br />
<br />
<iframe class="embeddedvideo" src="http://c.brightcove.com/services/viewer/federated_f9/25560323001?isVid=1&amp;publisherID=1139053637" name="flashObj" width="486" height="412" type="application/x-shockwave-flash" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></iframe> 
<br />
Prices rose 0.8pc in the three months to July, compared with the previous three months, according to mortgage lender Halifax's monthly survey. That is the first time prices have climbed on this quarterly basis since October 2007 and is "an indicator of the underlying trend," Halifax said.<br />
<br />
During July, prices climbed 1.1pc. However, prices in July were still 12.1pc lower than they were a year ago, with the average home costing £159,623. During the first seven months of 2009, prices have slipped 0.8pc.<br />
<br />
"Demand for homes has risen, albeit from a very low base, since the start of the year, driven by improvements in affordability and low interest rates," Martin Ellis, a housing economist at Halifax, said.<br />
<br />
The price rise in July was the second in the past three months, and the third increase in the first seven months of 2009.<br />
<br />
The house price-to-earnings ratio, a measure of affordability, is getting closer to its long-term average of 4, falling to 4.36 in July from a peak of 5.84 in July 2007.<br />
<br />
Halifax is part of the Lloyds Banking Group, which reported a £4bn half-year loss this morning.<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.telegraph.co.uk/finance/economics/houseprices/5975541/UK-house-prices-have-first-quarterly-rise-since-bubble-burst-in-2007.html">The Telegraph</a></div>]]></content:encoded>
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         <title>Strategy On Flu Under Revision</title>
         <link>http://thewatchmendailynews.ning.com/xn/detail/2008199:BlogPost:14599</link>
         <description>&lt;img src=&quot;http://media3.washingtonpost.com/wp-dyn/content/photo/2009/08/03/PH2009080303039.jpg&quot;/&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;div&gt;&lt;i&gt;U.S. Officials to Put Less Emphasis on School Closings&lt;/i&gt;
&lt;br /&gt;
By Spencer S. Hsu&lt;br /&gt;
&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://www.washingtonpost.com/wp-dyn/content/article/2009/08/03/AR2009080303037.html?hpid=topnews&quot;&gt;Washington Post&lt;/a&gt;&lt;br /&gt;
Tuesday, August 4, 2009&lt;br /&gt;
&lt;br /&gt;
The Obama administration is finalizing guidelines that would scale back when the federal government recommends closing schools in&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/health-newss-posts-the-watchmen-daily-news-wdn/Health_Newss_Posts_-_The_Watchmen_Daily_News_WDN-Strategy_On_Flu_Under_Revision.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Tue, 04 Aug 2009 08:13:16 -0700</pubDate>
         <content:encoded><![CDATA[<img src="http://media3.washingtonpost.com/wp-dyn/content/photo/2009/08/03/PH2009080303039.jpg"/><br />
<br />
<div>
<i>U.S. Officials to Put Less Emphasis on School Closings</i><br />
<br />
By Spencer S. Hsu<br />
<a rel="nofollow" target="_blank" href="http://www.washingtonpost.com/wp-dyn/content/article/2009/08/03/AR2009080303037.html?hpid=topnews">Washington Post</a><br />
Tuesday, August 4, 2009<br />
<br />
The Obama administration is finalizing guidelines that would scale back when the federal government recommends closing schools in response to the swine flu pandemic, several people involved in the deliberations said Monday.<br />
<br />
More targeted guidance would mark a change in the government's approach from this spring, when health officials suggested that schools shut down at the first sign of the H1N1 virus. They later relaxed that advice.<br />
<br />
This fall, federal authorities would recommend closures only under "extenuating circumstances," such as if a campus has many children with underlying medical conditions, a senior U.S. health official involved in the talks said. The official added that discussions are continuing and that no decision has been made.<br />
<br />
Schools also might be advised to close if many students or staff members are already sick or otherwise absent, officials said.<br />
<br />
"The framework is to try to keep schools open to the extent possible," the senior health official said, speaking on condition of anonymity because the White House has not completed its review of the issue.<br />
<br />
School closings this past spring raised questions about whether closings slow the spread of H1N1 and are worth the educational and economic cost. The federal government's decision could have a far-reaching effect on tens of millions of Americans, the economy and other countries wrestling with similar choices.<br />
<br />
President Obama's top scientific advisers, Cabinet members and national security aides are racing to update the government's flu strategy before the school year begins this month, when infections are expected to surge -- particularly among young people.<br />
<br />
Decisions on school closings will be made locally because the flu's severity varies geographically and because local and state governments have authority over school and public health matters, officials said. Federal guidance could change if the virus becomes more virulent or lethal, officials said.<br />
<br />
John O. Brennan, the deputy national security adviser who chaired two Cabinet-level meetings in the White House last week to coordinate H1N1 planning, said the internal debate is intended to "think through all the angles" and avoid "knee-jerk" decisions. He said it is too soon to predict the outcome.<br />
<br />
"There will be circumstances where it makes sense to close schools, but what we are trying to do is refine" those instances, he said.<br />
<br />
U.S. authorities will release within days other "community-mitigation" measures, intended to help keep businesses operating, help hospitals avoid being overwhelmed and guide local authorities in deciding whether to cancel public events, officials said.<br />
<br />
Experts say such decisions are timely because of the quickly approaching fall flu season.<br />
<br />
The H1N1 virus does not appear to be more lethal than seasonal flu, but it might be two or three times as infectious and is expected to hit young, healthy people and schools especially hard.<br />
<br />
On average, about 36,000 Americans a year die of seasonal flu, and more than 200,000 are hospitalized, most of them elderly or already ill. By contrast, most H1N1 cases involve people younger than 18, and children are more infectious than adults, the British medical journal Lancet reported last month.<br />
<br />
Advocates of school closings say it is among the best options to slow a pandemic -- and thus reduce deaths and the strain on hospitals.<br />
<br />
Following a pandemic plan that the U.S. Centers for Disease Control and Prevention published in early 2007, Obama on April 29 urged U.S. schools with confirmed or suspected flu cases to strongly consider closing for as much as two weeks. The advice came amid a spiraling H1N1 outbreak in Mexico.<br />
<br />
More than 700 schools nationwide dismissed nearly a half-million students within days.<br />
<br />
But the CDC stepped back May 4, noting that the disease did not appear as lethal as feared and recommending that sick students and staff members stay home for seven days. U.S. officials agreed to revisit the issue by fall.<br />
<br />
Education officials said they felt bound to respect what federal officials were telling them, but they decried the effect of the closures, particularly the lost instruction time.<br />
<br />
Federal officials proposed school closings after studying the outbreaks of severe acute respiratory syndrome (SARS) and avian flu in Asia earlier this decade, examining the 1918 and 1957 flu pandemics and using new computer models.<br />
<br />
But opponents of school closings said that the research relied on unrealistic assumptions and overlooked real-world factors.<br />
<br />
Schools would have to stay shut for the duration of a pandemic for closings to work, they say, which could have serious economic consequences. Parents staying home to tend their children would cause widespread financial losses.<br />
<br />
Critics of school closings also note the tension between the main objectives of the government's flu response: to minimize illness and death and to limit social disruption.<br />
<br />
The Lancet study reported that school closings could help slow the pandemic, but a 12-week closure in the United States or United Kingdom could cost 1 percent to 6 percent of gross domestic product.<br />
<br />
Brennan said U.S. authorities are acting now with a "better understanding" of the virus, based on cases here and in the Southern Hemisphere, where flu season is in full swing. Earlier plans were premised on containing a deadlier outbreak that spread from Asia, not a milder form that began, and is already widespread, in North America, officials said.<br />
<br />
Neil M. Ferguson, a leading CDC modeler, said the public might be the final decider. He said that people won't accept mass disruption unless the flu is severe and that then they may demand it.<br />
<br />
The trouble with waiting is that school closings, to be effective, should be applied before an outbreak peaks, not when it is at its worst.<br />
<br />
"Clearly there's some level of flu where it's worth closing the schools and some level of flu where it's not," Marc Lipsitch, a professor at the Harvard School of Public Health, who sits on an external board that is advising the CDC. "The problem here is it's not obvious to everyone which situation we're in."<br />
<br />
If health officials see a change in the pandemic, the government will need to alter course again, he said. "It won't necessarily be smooth, but it will have to happen."<br />
<br />
Staff writer Martin Weil and staff researcher Madonna Lebling contributed to this report.</div>]]></content:encoded>
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         <title>New strain of HIV discovered in Cameroon woman</title>
         <link>http://thewatchmendailynews.ning.com/xn/detail/2008199:BlogPost:14578</link>
         <description>&lt;p style=&quot;text-align:left;&quot;&gt;&lt;img src=&quot;http://rawstory.com/images/new/hivvirusaids.jpg&quot;/&gt;&lt;/p&gt;
&lt;br /&gt;
&lt;div&gt;French virologists on Sunday said they had found a new subtype of the AIDS virus that appears to have jumped the species barrier to humans from gorillas.
The new strain, found in a woman from Cameroon, West Africa, is part of the HIV-1 family of microbes that account for the vast majority of cases of human immunodeficiency virus (HIV), they said.&lt;br /&gt;
&lt;br /&gt;
Until now, all have been linked to&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/health-newss-posts-the-watchmen-daily-news-wdn/Health_Newss_Posts_-_The_Watchmen_Daily_News_WDN-New_strain_of_HIV_discovered_in_Cameroon_woman.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Mon, 03 Aug 2009 09:04:08 -0700</pubDate>
         <content:encoded><![CDATA[<p style="text-align:left;"><img src="http://rawstory.com/images/new/hivvirusaids.jpg"/></p>
<br />
<div>French virologists on Sunday said they had found a new subtype of the AIDS virus that appears to have jumped the species barrier to humans from gorillas.
<br />
The new strain, found in a woman from Cameroon, West Africa, is part of the HIV-1 family of microbes that account for the vast majority of cases of human immunodeficiency virus (HIV), they said.<br />
<br />
Until now, all have been linked to the chimpanzee.<br />
<br />
The new subtype has been called P, adding to three established HIV-1 subtypes — M, by far the most prevalent, and O and N, which are rare.<br />
<br />
There is also an HIV-2 which is a minority viral family and is also suspected to have origins in non-human primates.<br />
<br />
The virus was sequenced from a blood sample taken from an unnamed 62-year-old woman who moved to Paris from Cameroon, according to a letter published by the journal Nature Medicine.<br />
<br />
In 2004, shortly after moving to the French capital, the woman was tested for HIV. She responded to diagnostic tests for HIV-1 but further tests failed to pinpoint the viral subtype.<br />
<br />
The virus was genetically decoded and then put through a computer model to compare its evolutionary past against known viruses, both HIV and its equivalent in apes, called simian immunodeficiency virus (SIV).<br />
<br />
The strain was a “significant” match with SIVgor — an immune deficiency virus found in gorillas.<br />
<br />
“The most likely explanation for its emergence is gorilla-to-human transmission of SIVgor,” the letter says.<br />
<br />
The research was headed by Jean-Christophe Plantier at a national referencing laboratory for HIV at the Rouen Hospital Centre, northwestern France.<br />
<br />
HIV is believed to have jumped from humans from their closest animal relatives more than a century ago, in west-central Africa.<br />
<br />
Analysis of tissues preserved by doctors in the colonial-era Belgian Congo shows that HIV-1 began spreading among humans at some point between 1884 and 1924, according to an investigation published last October.<br />
<br />
But until now, the known vector has been the chimpanzee.<br />
<br />
Some experts have suspected that the gorilla may have been implicated in the N subtype, but this is the first time that a link has been so clearly defined.<br />
<br />
“A gorilla origin is highly likely” in the new P subtype, Marie Leoz, one of the research team, told AFP.<br />
<br />
“For the time being, it’s the closest source. What is still quite difficult, though, is to date when the first transmission of the virus took place, because there are still very few gorilla strains that are available.”<br />
<br />
Leoz also said subtype P was probably rare among humans, but further work was needed to confirm this.<br />
<br />
The Cameroonian woman has no sign of AIDS, is receiving treatment and has a stable count of viruses and of CD4 cells, a key benchmark of immune-system fitness, said Leoz.<br />
<br />
There are several theories that seek to explain how HIV entered humans.<br />
<br />
An infected animal bit a human, or a HIV-infected ape was butchered and sold for bushmeat, and the virus entered the bloodstream through tiny cuts in the hand, according to these hypotheses.<br />
<br />
AIDS first came to public notice in 1981, when alert US doctors noted an unusual cluster of deaths among young homosexuals in California and New York.<br />
<br />
It has since killed at least 25 million people, and 33 million others are living with the disease or HIV, the virus that destroys immune cells and exposes the body to opportunistic disease.<br />
<br />
<a rel="nofollow" target="_blank" href="http://rawstory.com/08/news/2009/08/02/new-strain-of-hiv-discovered-in-cameroon-woman/">The Raw Story</a></div>]]></content:encoded>
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         <title>Gates: Iran is a threat to Israel, US</title>
         <link>http://thewatchmendailynews.ning.com/xn/detail/2008199:BlogPost:14485</link>
         <description>&lt;div&gt;Washington says Iran's nuclear program is a threat to both Israel and the United States, reaffirming its 'unbreakable bond' with Tel Aviv.
&lt;br /&gt;
US Secretary of Defense Robert Gates made the comments in a joint news conference with the Israeli Defense Minister Ehud Barak in Jerusalem (Al-Quds).&lt;br /&gt;
&lt;br /&gt;
“We had a good meeting during which I reaffirmed the strong commitment of the United Sates to the security of Israel. As President (Barack) Obama said in Cairo last month our bond is unb&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/war-newss-posts-the-watchmen-daily-news-wdn/War_Newss_Posts_-_The_Watchmen_Daily_News_WDN-Gates-_Iran_is_a_threat_to_Israel_US.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Mon, 27 Jul 2009 06:52:49 -0700</pubDate>
         <content:encoded><![CDATA[<div>
Washington says Iran's nuclear program is a threat to both Israel and the United States, reaffirming its 'unbreakable bond' with Tel Aviv.<br />
<br />
US Secretary of Defense Robert Gates made the comments in a joint news conference with the Israeli Defense Minister Ehud Barak in Jerusalem (Al-Quds).<br />
<br />
“We had a good meeting during which I reaffirmed the strong commitment of the United Sates to the security of Israel. As President (Barack) Obama said in Cairo last month our bond is unbreakable, “ he said.<br />
<br />
“We also discussed the regional security challenges we both face from terrorism to the threat posed by Iran's pursuit of nuclear weapons. “<br />
<br />
The US Secretary of Defense added the US will continue to ensure that Israel has the most advanced weapons.<br />
<br />
“As part of our steadfast support for Israel the United States continues to provide a robust annual military assistance package," he pledged.<br />
<br />
Gates went on to add President Barack Obama is expecting a response from Iran on its nuclear program by September.<br />
<br />
He added that Washington will use diplomacy and tougher sanctions against Tehran to stop its nuclear program.<br />
<br />
“The president is certainly anticipating or hoping for some kind of a response this fall, perhaps by the time of the UN General Assembly in September”.<br />
<br />
Barak for his part said that the schedule for US-led engagement with Iran should be kept short, adding that Israel does not rule out any means of dealing with Iran's nuclear threat, and is taking "no option" off the table<br />
<br />
“Israel remains in its basic position that no options should be removed from the table, despite the fact that at this stage a priority should be given still to diplomacy and sanctions,” he said.<br />
<br />
At the same time, Barak did not ignore the predicted implications of such an offensive.<br />
<br />
"We are not blind, whatever we do can have implications on our neighbors and others, we are trying to take that into account," he said<br />
<br />
The issue of Iran's nuclear activities was expected to be at the center of talks between the two sides.<br />
<br />
The US and Israel claim Iran is seeking to develop nuclear weapons. Iran says its peaceful nuclear program is aimed at producing electricity.<br />
<br />
The International Atomic Energy Agency which has carried out the largest amount of inspections in the history of the body on Iran's nuclear facilities has not found any evidence of diversion in Iran's nuclear program.<br />
<br />
The US intelligence community has also confirmed Iran is not pursuing nuclear weapons.<br />
<br />
Gates' visit comes amid growing tensions between the two allies over Israel's settlement activities. Gates will also be visiting Jordan. He's expected to talk about the situation in Iraq after US forces complete their scheduled pullout by the end of 2011.<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.presstv.ir/detail.aspx?id=101733&amp;sectionid=351020101">Press TV</a></div>]]></content:encoded>
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         <title>Infectious Diseases Study Site Questioned</title>
         <link>http://thewatchmendailynews.ning.com/xn/detail/2008199:BlogPost:14484</link>
         <description>&lt;div&gt;Tornado Alley May Not Be Safe, GAO Says
&lt;br /&gt;
By Carol D. Leonnig, for &lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://www.washingtonpost.com/wp-dyn/content/article/2009/07/26/AR2009072602857.html&quot;&gt;The Washington Post&lt;/a&gt;, Monday, July 27, 2009&lt;br /&gt;
&lt;br /&gt;
The Department of Homeland Security relied on a rushed, flawed study to justify its decision to locate a $700 million research facility for highly infectious pathogens in a tornado-prone section of Kansas, according to a government report.&lt;br /&gt;
&lt;br /&gt;
The departme&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/health-newss-posts-the-watchmen-daily-news-wdn/Health_Newss_Posts_-_The_Watchmen_Daily_News_WDN-Infectious_Diseases_Study_Site_Questioned.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Mon, 27 Jul 2009 06:41:02 -0700</pubDate>
         <content:encoded><![CDATA[<div>
Tornado Alley May Not Be Safe, GAO Says<br />
<br />
By Carol D. Leonnig, for <a rel="nofollow" target="_blank" href="http://www.washingtonpost.com/wp-dyn/content/article/2009/07/26/AR2009072602857.html">The Washington Post</a>, Monday, July 27, 2009<br />
<br />
The Department of Homeland Security relied on a rushed, flawed study to justify its decision to locate a $700 million research facility for highly infectious pathogens in a tornado-prone section of Kansas, according to a government report.<br />
<br />
The department's analysis was not "scientifically defensible" in concluding that it could safely handle dangerous animal diseases in Kansas -- or any other location on the U.S. mainland, according to a Government Accountability Office draft report obtained by The Washington Post. The GAO said DHS greatly underestimated the chance of accidental release and major contamination from such research, which has been conducted only on a remote island off the United States.<br />
<br />
DHS staff members tried quietly last week to fend off a public airing of the facility's risks, agency correspondence shows. Department officials met privately with staff members of a congressional oversight subcommittee to try to convince them that the GAO report was unfair, and to urge them to forgo or postpone a hearing. But the House Energy and Commerce Committee's oversight and investigations subcommittee, chaired by Rep. Bart Stupak (D-Mich.), decided otherwise. It plans to hold a hearing Thursday on the risk analysis, according to two sources briefed on the plans.<br />
<br />
The criticism of DHS's site selection comes as the proposed research lab, the National Bio and Agro-Defense Facility (NBAF), was expected to win construction funding in the congressional appropriations process.<br />
<br />
"Drawing conclusions about relocating research with highly infectious exotic animal pathogens from questionable methodology could result in regrettable consequences," the GAO warned in its draft report. DHS's review was too "limited" and "inadequate" to decide that any mainland labs were safe, the report found. GAO officials declined to comment on the findings.<br />
<br />
The new developments started another round of accusations that politics steered DHS's decision in January to build the proposed lab in Manhattan, Kan. Critics of the choice argue that a Kansas contingent of Republican Sens. Sam Brownback and Pat Roberts and then-Gov. Kathleen Sebelius, a Democrat, aggressively lobbied DHS to pick their state. Records show that a DHS undersecretary and his site selection committee met frequently with the senators, one of whom is a member of an appropriations subcommittee that helps set DHS funding.<br />
<br />
A Texas consortium that hoped to lure the DHS facility to San Antonio argues that the agency has wasted millions of dollars trying to justify its choice, and said the GAO's findings show that the selection method was "preposterous."<br />
<br />
"They call it 'Tornado Alley' for a reason," said Michael Guiffre, an attorney for the consortium. "This really boils down to politics at its very worst and public officials who are more concerned about erecting some gleaming new research building than thinking about what's best for the general public."<br />
<br />
DHS officials and Kansas leaders say the selection system, which began in late 2006, was always fair and open. Brownback has noted that George W. Bush was president in mid-January when his home state of Texas lost the competition.<br />
<br />
"The process involved a transparent six-year process, run by career civil servants and punctuated with multiple public meetings near each finalist location," DHS spokesman Matthew Chandler said.<br />
<br />
The DHS lab would replace and expand upon the mission of a federal research facility on a remote island on the northern tip of Long Island, N.Y. Critics of moving the operation to the mainland argue that a release could lead to widespread contamination that could kill livestock, devastate a farm economy and endanger humans. Along with the highly contagious foot-and-mouth disease, NBAF researchers plan to study African swine fever, Japanese encephalitis, Rift Valley fever and other viruses.<br />
<br />
GAO's draft report said the agency's assessment of the risk of accidental release of toxins on mainland locations, including Kansas, was based on "unrepresentative accident scenarios," "outdated modeling" and "inadequate" information about the sites. The agency's analysis of the economic impact of domestic cattle being infected by foot-and-mouth disease played down the financial losses by not considering the worst-case scenario.<br />
<br />
The agency noted that the United Kingdom's outbreak of foot-and-mouth disease in 2001, which resulted from an accidental release at a biological research laboratory south of London. Six million sheep, cattle and pigs were slaughtered to stop the contamination, and the country's agriculture market, comparatively a fraction of the U.S. market, lost $4.9 billion.<br />
<br />
DHS had cited a foot-and-mouth disease facility in Winnipeg, Manitoba, as evidence that doing this research on the mainland is safe. But GAO said that is illogical: The NBAF would have a less sophisticated method for containing releases than the Winnipeg lab, it said, but would handle as many as 10 times the number of animals.<br />
<br />
Selecting a spot for the lab has been rife with political battling and vigorous lobbying from five states that were finalists. Though the general public repeatedly voiced concern about the safety of such research, elected leaders were seeking the $3.5 billion jolt that the facility was expected to bring to its host's economy.<br />
<br />
Critics of the selection of Kansas note that DHS Undersecretary Jay Cohen and others met often with the state's senators. Brownback said this month that he had helped add $36 million to a Senate bill to build the Kansas facility, and that he would work for the same in the House.<br />
<br />
"We fought hard for this funding, and I'm glad my colleagues in the Senate realized the significant role this facility will play in researching emerging diseases that could endanger our food supply," he said on his Web site.<br />
<br />
In recent days, DHS science officials involved in choosing the Manhattan site, adjoining Kansas State University, told Secretary Janet Napolitano's top staff members that GAO exceeded its authority in reviewing the agency's risk assessment, according to internal correspondence shared with The Post.<br />
<br />
Chandler confirmed that agency staff members told the Energy and Commerce subcommittee staff members in their meeting last Monday that DHS would prefer not to have a hearing now. DHS officials were not trying to avoid discussing the issue during the appropriations process, Chandler said, but wanted to avoid wasting the agency's and committee's time until they saw the final GAO report.<br />
<br />
"This has nothing to do with politics," Chandler said. "This is about logical reasoning . . . and was in the interest of everyone's time."</div>]]></content:encoded>
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         <title>Doctors face 'playing God' over who lives or dies if swine flu overwhelms NHS... as fans start wearing masks to football matches</title>
         <link>http://thewatchmendailynews.ning.com/xn/detail/2008199:BlogPost:14483</link>
         <description>&lt;div&gt;&lt;img src=&quot;http://i.dailymail.co.uk/i/pix/2009/07/27/article-1202386-05DA5B2F000005DC-253_468x335.jpg&quot;/&gt;
&lt;br /&gt;
Thousands of patients could be denied NHS treatment and left to die under 'worst-case' emergency plans for a swine-flu epidemic.&lt;br /&gt;
&lt;br /&gt;
The blueprint would force doctors to 'play God' and prioritise intensive-care treatment for those most likely to benefit - ruling out patients with problems such as advanced cancer.&lt;br /&gt;
&lt;br /&gt;
The 'scoring' system would be introduced if half the populat&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/health-newss-posts-the-watchmen-daily-news-wdn/Health_Newss_Posts_-_The_Watchmen_Daily_News_WDN-Doctors_face_playing_God_over_who_lives_or_dies_if_swine_flu_overwhelms_NHS_as_fans_start_wearing_ma.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Mon, 27 Jul 2009 06:38:52 -0700</pubDate>
         <content:encoded><![CDATA[<div>
<img src="http://i.dailymail.co.uk/i/pix/2009/07/27/article-1202386-05DA5B2F000005DC-253_468x335.jpg"/><br />
<br />
Thousands of patients could be denied NHS treatment and left to die under 'worst-case' emergency plans for a swine-flu epidemic.<br />
<br />
The blueprint would force doctors to 'play God' and prioritise intensive-care treatment for those most likely to benefit - ruling out patients with problems such as advanced cancer.<br />
<br />
The 'scoring' system would be introduced if half the population became infected with flu.<br />
<br />
More than 100,000 cases were diagnosed last week alone in the UK. Although the disease has claimed 30 lives, many sufferers have experienced little more than a bad cold, raised temperature and cough.<br />
<br />
However health experts are concerned that the H1N1 virus could mutate into something more severe.<br />
<br />
The scale of their concern is highlighted in the Department of Health's report: Pandemic Flu - Managing Demand and Capacity in Health Care Organisations.<br />
<br />
Detailing plans to ration hospital treatment, the report warns that if half the population were infected, 6,600 patients per week would be competing for just under 4,000 intensive-care beds.<br />
<br />
Around 85 per cent of those beds could already be full with day-to-day emergencies.<br />
<br />
To allocate ventilators, beds and intensive-care equipment doctors would have to 'score' patients on their health and prognosis as well as seriousness of their conditions.<br />
<br />
Those who failed to respond to treatment would be subject to 'reverse triage' - in which they were taken off ventilators and left in NHS 'dying rooms' with only painkillers to ease their suffering.<br />
<br />
Patients with underlying illness such as advanced cancer or the last stage of heart, lung or liver failure - and those unlikely to survive even if they were given treatment - would not be given an intensive-care bed.<br />
<br />
Leading doctors stressed, however, that the plans were unlikely to see the light of day and that swine flu remains a mild disease for most of those infected.<br />
<br />
The report was published at the start of the swine-flu crisis in April, along with advice from the British Medical Association and the Intensive Care Society.<br />
<br />
Dr Carl Waldmann, president of the Intensive Care Society, said: 'Even if we doubled intensive-care capacity, with a pandemic hitting at the level outlined in this report, we would run out of beds.<br />
<br />
'No one wants to think about this, and thankfully we are still a long way off this situation, but the ethics of it has been a big deal for doctors.'<br />
<br />
Dr Tony Calland, chairman of the BMA's ethics committee, added: 'I seriously doubt we will get anywhere near a 50 per cent clinical attack rate, but if 25 per cent of the population were infected that could cause major problems for the health service.<br />
<br />
'The Department of Health is right to address this in the report and the NHS must face the issue, but many doctors would doubtlessly feel extremely uncomfortable if they found themselves having to face these kind of decisions.'<br />
<br />
A Health Department spokesman said: 'We can't be certain how the current pandemic will develop, but we have to prepare for the reasonable worst case. Our planning assumptions are cautious scenarios, and not predictions.'<br />
<br />
The Department of Health's 'slow' response to the pandemic will come under fire tomorrow from a parliamentary committee.<br />
<br />
The House of Lords Science and Technology Committee is expected to attack ministers for delays in setting up the swine flu helpline.<br />
<br />
The service for England was launched on Thursday but under the Government's own timetable, should have been up and running at the start of the crisis.<br />
<br />
Stressing the importance of keeping a sense of perspective, Health Secretary Andy Burnham told the Observer: 'It has been a mild virus in the vast majority of cases.<br />
<br />
'If people are made unnecessarily anxious, it makes the lives of NHS professionals, who are already under enormous pressure, far more difficult as people become unduly worried.'<br />
<br />
The National Flu Pandemic Service telephone hotline and website allows patients to secure the antiviral drug Tamiflu without seeing a doctor. The drug does not cure flu, but can ease its symptoms and shorten the length of sickness.<br />
<br />
Patients are diagnosed with swine flu if they have a fever over 38C and at least two symptoms including cough, sneezing, aching limbs, runny nose and headache. Some have also suffered from vomiting and diarrhoea.<br />
<br />
Patients are still being advised to contact GPs if they have serious underlying illnesses, are pregnant, have sick children aged under one, their condition suddenly worsens or continues to worsen after seven days - five for a child.<br />
<br />
Pregnant mother flown to Sweden for emergency swine flu treatment<br />
<br />
A pregnant mother with swine flu was battling for her life after being flown to Sweden for emergency treatment.<br />
<br />
Sharon Pentleton developed adult respiratory distress syndrome, a rare complication of swine flu.<br />
<br />
She was taken to the Karolinska University Hospital in Stockholm because a specialist five-bed NHS unit in Leicester was full.<br />
<br />
Patients included two other swine flu victims. Her chances of recovery are put at 50-50.<br />
<br />
Miss Pentleton, a care assistant for the elderly in Saltcoats, Ayrshire, is six months pregnant with her second child.<br />
<br />
She and her partner Brian Muirhead have a two-year-old daughter, Kieva.<br />
<br />
Last night Mr Muirhead, 30, was keeping a vigil at her bedside with her father James Pentleton.<br />
<br />
Mr Muirhead: 'We are not thinking about anything at all except Sharon getting better. It is a very difficult time and I am just focused on her recovery.<br />
<br />
‘They have been wonderful to us here and I know Sharon is getting the best care possible.<br />
<br />
'We just want to concentrate on Sharon.<br />
<br />
‘The picture we have issued of her is one of my favourites. She looks absolutely lovely in it. I would do anything to protect Sharon.'<br />
<br />
Last night she was described by the hospital as 'critical but stable' in one of only four beds in the specialist ECMO unit.<br />
<br />
Another patient in the same unit is a 22-year-old Swedish man who like Ms Pentleton has swine flu complications.<br />
<br />
ECMO (extracorporeal membrane oxygenation) involves the patient's blood being circulated outside the body with the addition of oxygen.<br />
<br />
The technique is used when a person's lungs are functioning very poorly even with ventilation and high levels of oxygen - and the patient's chances are rated as 50-50.<br />
<br />
The ECMO unit is a modern purpose-built unit with security-controlled doors in a far corner of the children's wing of the hospital.<br />
<br />
Ms Pentleton is monitored 24-hours a day by an array of equipment and a team of specialists.<br />
<br />
She arrived on Thursday evening after Swedish doctors chartered a private jet to fly the two hours to Scotland to pick her up.<br />
<br />
Crister Classon, a spokesman for the hospital, said: 'We are happy to help Britain or any other country if they run out of beds.<br />
<br />
‘It is a normal procedure to help other countries when they need it.<br />
<br />
'We have only four beds and we currently have two swine flu patients in them, so there there are presently only two spare beds.'<br />
<br />
It is thought a second British patient may be transferred to the unit.<br />
<br />
The hospital's Dr Palle Palmer explained that the ECMO machine - similar to a heart and lung machine - was used to 'buy time' for patients.<br />
<br />
He said people could be kept on the machine for up to two months, but added that most patients did not need ECMO treatment for that long.<br />
<br />
He said: 'Normally it takes about two weeks, that's the normal treatment. But it is possible to run it for longer.<br />
<br />
‘It's not really a treatment, it's more like buying time to allow the body to get better.'<br />
<br />
Dr Palmer added: 'We don't use it if there are other ways of treating someone. Every time we get a patient they are extremely ill.'<br />
<br />
The Glenfield Hospital in Leicester, where doctors had hoped to treat Miss Pentleton, has the first designated ECMO unit for adults in the UK.<br />
<br />
But because it was full - with two of its five machines already being used by swine flu patients- medics turned to Stockholm.<br />
<br />
ECMO treatment has only recently been accepted into mainstream NHS practice, being regarded as experimental in adults until the completion of a trial six months ago.<br />
<br />
Seriously sick children have been successfully treated for some time.<br />
<br />
Consultant cardio-thoracic surgeon Mr Richard Firmin director of the ECMO unit in Leicester, said an average of 100 patients a year are treated there and beds could be expanded to 10 if absolutely necessary.<br />
<br />
Patients are attached to an ECMO machine while their lungs recover from a variety of conditions, including viral infections and trauma.<br />
<br />
It involves circulating the patient's blood outside the body and adding oxygen to it artificially,<br />
<br />
Mr Firmin said 'The circuit is basically an external lung. Anybody who ends up with ECMO is somebody who is at the very severest end of lung failure.'<br />
<br />
Patients may need treatment for two to eight weeks, at a cost of £55,000 to £105,000 per patient.<br />
<br />
Professor David Menon, an intensive care specialist at Cambridge University, said a small minority of swine flu victims who need intensive care have suffered a direct viral attack on their lungs, rather than a secondary infection.<br />
<br />
The condition called pneumonitis involves destruction of lung tissue.<br />
<br />
He said ECMO treatment had been used to help swine flu victims in other countries.<br />
<br />
He said 'It is used for seriously ill patients whose chances of survival are around 50 per cent.'<br />
<br />
ECMO is used for conditions other than lung failure, such as heart problems.<br />
<br />
Doctors in specialist units like Papworth Heart Hospital, Cambridgeshire, are currently investigating how their ECMO facilities can be used to help swine flu patients.<br />
<br />
<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.dailymail.co.uk/news/article-1202386/Doctors-face-playing-God-lives-dies-swine-flu-overwhelms-NHS.html#ixzz0MSz8yqNx">The Daily Mail</a></div>]]></content:encoded>
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      <item>
         <title>US urges Iran reply by September</title>
         <link>http://thewatchmendailynews.ning.com/xn/detail/2008199:BlogPost:14479</link>
         <description>&lt;div&gt;US Defence Secretary Robert Gates has urged Iran to respond to US diplomatic overtures by September.
&lt;br /&gt;
His Israeli counterpart Ehud Barak indicated that military action remained an option on Iran, following talks between the two in Jerusalem.&lt;br /&gt;
&lt;br /&gt;
Senior US officials are engaged in a drive to breathe new life into faltering regional peace moves.&lt;br /&gt;
&lt;br /&gt;
US envoy George Mitchell met Egypt's Hosni Mubarak for talks and will meet the Palestinian president later.&lt;br /&gt;
&lt;br /&gt;
He has already been in Sy&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/war-newss-posts-the-watchmen-daily-news-wdn/War_Newss_Posts_-_The_Watchmen_Daily_News_WDN-US_urges_Iran_reply_by_September.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
         <guid isPermaLink="false"></guid>
         <pubDate>Mon, 27 Jul 2009 06:08:27 -0700</pubDate>
         <content:encoded><![CDATA[<div>
US Defence Secretary Robert Gates has urged Iran to respond to US diplomatic overtures by September.<br />
<br />
His Israeli counterpart Ehud Barak indicated that military action remained an option on Iran, following talks between the two in Jerusalem.<br />
<br />
Senior US officials are engaged in a drive to breathe new life into faltering regional peace moves.<br />
<br />
US envoy George Mitchell met Egypt's Hosni Mubarak for talks and will meet the Palestinian president later.<br />
<br />
He has already been in Syria, drumming up regional support for the new US initiative.<br />
<br />
Both Mr Mitchell and Mr Gates - as well as two other senior US envoys - are meeting Israeli leaders as part of the bid to get the Israeli-Palestinian peace process, which has been stalled for six months, back on track.<br />
<br />
US-Israeli relations have become strained since US President Barack Obama demanded a halt to all Israeli settlement building in the occupied West Bank.<br />
<br />
Iran warned<br />
<br />
Shortly after coming to office in January, Mr Obama made an overture to Iran, saying that if it and countries like it were "willing to unclench their fists, they will find an extended hand from us".<br />
<br />
But Israel says Iran's alleged nuclear ambitions remain its number-one concern and in recent weeks the US has expressed dismay about Iran's suppression of protests over disputed presidential elections.<br />
<br />
On Monday, Mr Gates said the US offer to Iran was "not open-ended", and added that President Obama was hoping for a response, "perhaps by the time of the UN General Assembly" in September.<br />
<br />
Mr Barak cautioned that "no option" had been removed in its handling of Iran - suggesting military force remained a possibility - though "priority should be given still to diplomacy and sanctions".<br />
<br />
The two men struck a conciliatory tone, with Mr Gates speaking of a "good meeting" with Mr Barak, and reaffirming the "strong commitment" of the US to Israel's security.<br />
<br />
Mr Barak said he was "extremely thankful for US support [on defence] - financial and technological".<br />
<br />
Despite the apparent harmony, the two sides do not see exactly eye to eye on Iran, the BBC's Katya Adler in Jerusalem reported prior to the talks.<br />
<br />
Israel's government argues that until the perceived Iranian threat has been diminished there can be no Middle East peace. The Obama administration sympathises, but disagrees, our correspondent says.<br />
<br />
On forging an Israeli-Palestinian peace deal, Mr Gates said it would "not be quick or easy" but was the only way to provide both sides with "the safety and security they deserve" and was in the interests of all countries in the region.<br />
<br />
Palestinian obstacles<br />
<br />
As Mr Gates met his Israeli allies, Mr Mitchell was in Cairo meeting President Hosni Mubarak - a day earlier than initially scheduled, apparently at Mr Mubarak's request.<br />
<br />
Their meeting now comes ahead of Mr Mitchell's meeting with Palestinian President Mahmoud Abbas in the West Bank town of Ramallah - and the Egyptians seemingly have plenty to discuss, reports the BBC's Christian Fraser in Cairo.<br />
<br />
They are currently brokering reconciliation talks between the deeply divided Palestinian factions of Fatah and Hamas.<br />
<br />
Despite several rounds of talks, the two Palestinian factions are still at odds on the most divisive issues, the shape of a future unity government, the remit of the joint security force and the system that would be implemented for any upcoming elections.<br />
<br />
Palestinian leaders have also refused to meet their Israeli counterparts until settlement activity ceases.<br />
<br />
All settlements are illegal under international law, though Israel disputes this. Israel has settled more than 450,000 Jews in the occupied West Bank, including East Jerusalem.<br />
<br />
'Candid' talks<br />
<br />
As well as Mr Abbas, Mr Mitchell was due to meet Israeli Prime Minister Benjamin Netanyahu on Tuesday.<br />
<br />
In Damascus on Sunday, Mr Mitchell met Syrian President Bashar Assad for what he called "very candid and positive" discussions on restarting long-stalled peace talks between Syria and Israel.<br />
<br />
He said President Obama was determined to reach a comprehensive peace between Israel and all its Arab neighbours in order to guarantee "stability, security and prosperity".<br />
<br />
Other senior US officials - National Security Adviser James Jones and the US envoy to the Gulf states, Dennis Ross - are also due to visit the region this week.<br />
<br />
Mr Gates will follow his Israeli talks with a trip to Jordan for discussions with King Abdullah.<br />
<br />
<a rel="nofollow" target="_blank" href="http://news.bbc.co.uk/2/hi/middle_east/8169857.stm">BBC News</a></div>]]></content:encoded>
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         <title>Obama pressed to target center of Iran economy</title>
         <link>http://thewatchmendailynews.ning.com/xn/detail/2008199:BlogPost:14424</link>
         <description>&lt;div&gt;A number of US lawmakers are mounting pressure on the Obama administration to slap new sanctions on Iran over its nuclear program.
&lt;br /&gt;
Republican Senators Jon Kyl and John McCain, Independent Senator Joseph Lieberman, and Democratic Senator Evan Bayh called on President Barack Obama to target the Central Bank of Iran (CBI) with sanctions, should the proposed talks fail to bring about Washington's desired results.&lt;br /&gt;
&lt;br /&gt;
The lawmakers introduced a bill calling for action against Tehr&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/war-newss-posts-the-watchmen-daily-news-wdn/War_Newss_Posts_-_The_Watchmen_Daily_News_WDN-Obama_pressed_to_target_center_of_Iran_economy.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
         <guid isPermaLink="false"></guid>
         <pubDate>Tue, 21 Jul 2009 04:37:46 -0700</pubDate>
         <content:encoded><![CDATA[<div>
A number of US lawmakers are mounting pressure on the Obama administration to slap new sanctions on Iran over its nuclear program.<br />
<br />
Republican Senators Jon Kyl and John McCain, Independent Senator Joseph Lieberman, and Democratic Senator Evan Bayh called on President Barack Obama to target the Central Bank of Iran (CBI) with sanctions, should the proposed talks fail to bring about Washington's desired results.<br />
<br />
The lawmakers introduced a bill calling for action against Tehran in case it does not accept Obama's offer of direct talks before a late September summit of the Group of 20 (G20), or refuses to halt uranium enrichment within 60 days after that.<br />
<br />
"Whether one believes 'engaging' directly with the regime in Tehran will accomplish anything, there is no question that time is of the essence," said Kyl.<br />
<br />
"Every day that passes is time that the Iranians use to perfect a nuclear weapon and stockpile nuclear weapons material," he added.<br />
<br />
Western powers accuse Tehran of secretly enriching weapons-grade uranium -- an allegation Iran has repeatedly denied. Tehran has asserted that its uranium enrichment is a peaceful drive to produce electricity.<br />
<br />
Incoming IAEA Chief, Yukiya Amano, has also said that there is no conclusive evidence to prove that Tehran is enriching weapons-grade uranium.<br />
<br />
Lieberman, however, said that he supported Obama's offer of direct talks but added that "the Iranians need to understand that this is a limited time offer."<br />
<br />
"The regime must decide to change course, soon, or face severe sanctions for its continued defiance of the international community," said McCain for his part.<br />
<br />
"If Iranian officials are unwilling to sit down at the table and negotiate, then Congress is prepared to authorize crippling economic sanctions," said Bayh.<br />
<br />
The four lawmakers have introduced the measure as an amendment to an annual defense spending budget bill.<br />
<br />
The amendment says the US must adopt tougher economic sanctions on Iran, should Washington fail to push through more embargoes against the country at the UN Security Council.<br />
<br />
During a recent summit in Italy, world powers agreed to assess Iran's nuclear cooperation at the upcoming G20 gathering, which is scheduled to be held in Pittsburgh, Pennsylvania, before the UN General Assembly.<br />
<br />
Iran, however, says that the only UN body relevant to its nuclear dossier is the International Atomic Energy Agency (IAEA) and it maintains that it has shown exceptional cooperation with international inspectors in clarifying its intentions.<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.presstv.ir/detail.aspx?id=101224&amp;sectionid=3510203">Press TV</a></div>]]></content:encoded>
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         <title>Vatican Health Director on H1N1: Stay Calm:</title>
         <link>http://thewatchmendailynews.ning.com/xn/detail/2008199:BlogPost:14418</link>
         <description>&lt;div&gt;VATICAN CITY, JULY 20, 2009 (&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://zenit.org/article-26506?l=english&quot;&gt;Zenit.org&lt;/a&gt;).- The Vatican's health director continues to urge people to avoid useless alarm regarding Influenza A, noting that vaccinations have to be thoroughly studied before their release to the public.
Giovanni Rocchi today spoke with Vatican Radio about the H1N1 virus, acknowledging that &quot;we find ourselves faced with a surprise, though a relative one, because there are ma&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/health-newss-posts-the-watchmen-daily-news-wdn/Health_Newss_Posts_-_The_Watchmen_Daily_News_WDN-Vatican_Health_Director_on_H1N1-_Stay_Calm-.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
         <guid isPermaLink="false"></guid>
         <pubDate>Mon, 20 Jul 2009 22:04:08 -0700</pubDate>
         <content:encoded><![CDATA[<div>
VATICAN CITY, JULY 20, 2009 (<a rel="nofollow" target="_blank" href="http://zenit.org/article-26506?l=english">Zenit.org</a>).- The Vatican's health director continues to urge people to avoid useless alarm regarding Influenza A, noting that vaccinations have to be thoroughly studied before their release to the public.<br />
Giovanni Rocchi today spoke with Vatican Radio about the H1N1 virus, acknowledging that "we find ourselves faced with a surprise, though a relative one, because there are many precedents."<br />
Rocchi noted that the number of those who have died because of the swine flu is relatively low -- some 3,000 to 5,000. "Therefore, the specific mortality is low, or rather, it is considered very low," he said. "Certainly the diffusion of the illness is so widespread that later, a significant number of deaths will be reported."<br />
Nevertheless, Rocchi added, a race for vaccinations is not in order, "since they will not be available until they are ready and the efficacy and safeness is verified, that is, that there are minimal secondary effects."<br />
Vaccinations for the virus are expected to be available in the fall, but the health director affirmed that "it is useless to run off in search of a vaccine that doesn't exist."</div>]]></content:encoded>
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         <title>Professor: Diet habits lengthen Seventh-day Adventists' lives</title>
         <link>http://thewatchmendailynews.ning.com/xn/detail/2008199:BlogPost:14417</link>
         <description>&lt;div&gt;Mcclatchy-Tribune
&lt;br /&gt;
An epidemiology instructor said he believes many Seventh-day Adventists live longer due to their vegetarian diet.&lt;br /&gt;
&lt;br /&gt;
Larry Beeson, who teaches epidemiology and biostatistics in the School of Public Health at Loma Linda University in California, explained the theories in a discussion entitled, &quot;Living Longer and Better: The Health Experience of California Seventh-day Adventists.&quot; The theories are based on research conducted for more than 50 years at Loma Lin&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/health-newss-posts-the-watchmen-daily-news-wdn/Health_Newss_Posts_-_The_Watchmen_Daily_News_WDN-Professor-_Diet_habits_lengthen_Seventh-day_Adventists_lives.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
         <guid isPermaLink="false"></guid>
         <pubDate>Mon, 20 Jul 2009 22:02:40 -0700</pubDate>
         <content:encoded><![CDATA[<div>
Mcclatchy-Tribune<br />
<br />
An epidemiology instructor said he believes many Seventh-day Adventists live longer due to their vegetarian diet.<br />
<br />
Larry Beeson, who teaches epidemiology and biostatistics in the School of Public Health at Loma Linda University in California, explained the theories in a discussion entitled, "Living Longer and Better: The Health Experience of California Seventh-day Adventists." The theories are based on research conducted for more than 50 years at Loma Linda University, a Seventh-day Adventist health science school.<br />
<br />
The Seventh-day Adventist Church teaches the importance of holiness in one's lifestyle, Beeson said, particularly in diet. He estimates about half of Adventists are vegetarians. Many Adventists also abstain from alcohol and tobacco, and choose to exercise.<br />
<br />
Research by the National Institute of Health, the American Cancer Society, the American Heart Association, the U.S. Department of Health and Human Services and the World Health Organization shows health choices reduce the risk of cancer and heart disease. The vegetarian decision, Beeson says, helps Seventh-day Adventists to live longer.<br />
<br />
"Vegetarians die, but at a later time - seven to 10 years later," Beeson said. "That gives them 7-10 years more of disease-free status. They delay by following recommendations of the church."<br />
<br />
Beeson said the Seventh-day Adventist Church teaches that the Garden of Eden account in Genesis included vegetarian cuisine.<br />
<br />
"God originally intended mankind to be on a plant-based diet," he said.<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.readingeagle.com/article.aspx?id=147665">Reading Eagle</a></div>]]></content:encoded>
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         <title>Swine flu deaths in UK double as country now has third highest number of cases in the world</title>
         <link>http://thewatchmendailynews.ning.com/xn/detail/2008199:BlogPost:14298</link>
         <description>&lt;img src=&quot;http://i.dailymail.co.uk/i/pix/2009/07/02/article-1197054-0585BA6E000005DC-67_468x286.jpg&quot;/&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;div&gt;The number of Britons who have died after contracting swine flu has almost doubled in two days to 14, officials said yesterday.
London is days away from an epidemic with the West Midlands not far behind.&lt;br /&gt;
&lt;br /&gt;
Britain has the third highest number of confirmed cases of the virus in the world, just behind Mexico - where the outbreak began.&lt;br /&gt;
&lt;br /&gt;
As the shocking figures were released&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/health-newss-posts-the-watchmen-daily-news-wdn/Health_Newss_Posts_-_The_Watchmen_Daily_News_WDN-Swine_flu_deaths_in_UK_double_as_country_now_has_third_highest_number_of_cases_in_the_world.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Fri, 10 Jul 2009 09:48:17 -0700</pubDate>
         <content:encoded><![CDATA[<img src="http://i.dailymail.co.uk/i/pix/2009/07/02/article-1197054-0585BA6E000005DC-67_468x286.jpg"/><br />
<br />
<div>The number of Britons who have died after contracting swine flu has almost doubled in two days to 14, officials said yesterday.
<br />
London is days away from an epidemic with the West Midlands not far behind.<br />
<br />
Britain has the third highest number of confirmed cases of the virus in the world, just behind Mexico - where the outbreak began.<br />
<br />
As the shocking figures were released a leaked internal memo warned last night that the NHS is not ready to deal with a swine flu epidemic because of 'muddled' emergency plans and time-wasting bureaucracy.<br />
<br />
A senior trust executive condemned some crisis measures as 'contradictory' and 'a complete waste of time'.<br />
<br />
The creation of Tamiflu vouchers - a key weapon in the Government's fight against the killer flu - could in fact slow the distribution of the antiviral drugs, the correspondence said.<br />
<br />
Rather than setting up a costly process that asks people to download vouchers from the internet, existing prescription forms would distribute Tamiflu just as quickly, it suggested.<br />
<br />
The leaked memo was penned by a senior official responsible for crisis planning and was not meant for the public domain.<br />
<br />
In it, the official criticised the Government’s 'muddled thinking' in advising health authorities how to implement the new phase, in which people get diagnoses by contacting a national call centre.<br />
<br />
Instructions for the so-called new phase were described as 'a total fudge'.<br />
<br />
Chief Medical Officer Sir Liam Donaldson said yesterday that 14 had died so far of what was believed to be swine flu.<br />
<br />
He would not give details of where the five latest cases were. All had underlying health problems.<br />
<br />
Sir Liam said there were 335 people in hospital in England with swine flu of whom 43 are in critical care.<br />
<br />
Laboratory tests showed that yesterday there were 9,718 confirmed cases in the UK. This was just behind Mexico, with 10,262 cases. The U.S. is in the lead with 33,902 confirmed cases.<br />
<br />
However, Sir Liam admitted it was unknown how many in the UK were suffering from the virus as many would be treating themselves at home rather than contacting their GP.<br />
<br />
We do know something about the people seeking help from the NHS but there will be many other people who look after themselves,' he said.<br />
<br />
He said latest data from 100 GP surgeries around England showed that about 27,000 people per week were being diagnosed as having a flu-like illness. Of these, an estimated 8,000 will have swine flu.<br />
<br />
The number of flu cases being seen every week works out at 51.9 per 100,000 people.<br />
<br />
However, in London the rate is 180 per 100,000 - just short of the 200 cases that denotes an epidemic. In the West Midlands the rate is 140 per 100,000 cases.<br />
<br />
Peter Holden, who has helped draw up the pandemic plans with the British Medical Association, last night denied that emergency measures were confusing.<br />
<br />
He said: 'There is not confusion, but with an organisation as large as the NHS you will have some problems with people getting the wrong end of the stick.'<br />
<br />
But he admitted that Tamiflu vouchers seemed to be 'a needless waste of money when prescriptions could do the same job'.<br />
<br />
Ian Dalton, national director of flu resilience at the Department of Health, said last night: 'Locally, the NHS has been coping very well with the challenges it has faced so far. However, now that we have moved into the treatment phase, further clear guidance has been provided to the NHS on its roles and responsibilities.<br />
<br />
'Although this is being centrally led, the local NHS clearly must ensure that these plans are implemented in a way that meets local needs.'<br />
<br />
Last week, Health Secretary Andy Burnham warned that by the end of August some 100,000 people will be coming down with the virus every day.<br />
<br />
He moved the country on to treatment mode, which means those with flu symptoms will be encouraged to quarantine themselves at home and get a friend to pick up anti-viral drugs for them.<br />
<br />
Sir Liam said that was still the most accurate prediction to date of what will happen. It is widely expected that the number of cases will see a surge in the winter months when flu is more prevalent.<br />
<br />
About 15 per cent of calls to NHS Direct are currently about colds and flu, he added.<br />
<br />
Today it emerged that a third case had been recorded of the swine flu virus becoming resistant to Tamiflu, the major drug to combat it.<br />
<br />
The new case was in Hong Kong, to add to further cases in Japan and Denmark.<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.dailymail.co.uk/news/article-1198613/Swine-flu-deaths-UK-double-country-highest-number-cases-world.html">The Daily Mail</a></div>]]></content:encoded>
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         <title>Multiple Bacteria Suspected in Tainted Cookie Dough</title>
         <link>http://thewatchmendailynews.ning.com/xn/detail/2008199:BlogPost:14277</link>
         <description>&lt;div&gt;By Lyndsey Layton
Washington Post Staff Writer&lt;br /&gt;
Friday, July 10, 2009&lt;br /&gt;
&lt;br /&gt;
Federal and state investigators found two different strains of E. coli bacteria in samples of recalled Nestlé Toll House cookie dough, and neither matches the type that has caused a national outbreak of illness, suggesting that the product may have been contaminated by multiple kinds of bacteria.&lt;br /&gt;
&lt;br /&gt;
The Food and Drug Administration said yesterday that laboratory analysis of E. coli O157 found in a sample of&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/health-newss-posts-the-watchmen-daily-news-wdn/Health_Newss_Posts_-_The_Watchmen_Daily_News_WDN-Multiple_Bacteria_Suspected_in_Tainted_Cookie_Dough.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
         <guid isPermaLink="false"></guid>
         <pubDate>Thu, 09 Jul 2009 20:07:58 -0700</pubDate>
         <content:encoded><![CDATA[<div>
By Lyndsey Layton<br />
Washington Post Staff Writer<br />
Friday, July 10, 2009<br />
<br />
Federal and state investigators found two different strains of E. coli bacteria in samples of recalled Nestlé Toll House cookie dough, and neither matches the type that has caused a national outbreak of illness, suggesting that the product may have been contaminated by multiple kinds of bacteria.<br />
<br />
The Food and Drug Administration said yesterday that laboratory analysis of E. coli O157 found in a sample of cookie dough at Nestlé's Danville, Va., plant did not match the strain that is believed to have sickened 72 people in Maryland, Virginia and 28 other states.<br />
<br />
The state of Minnesota reported that preliminary tests of a package of Nestlé cookie dough taken from a household where two people were sickened by E. coli O157 showed the product was contaminated with a third deadly strain of bacterium, E. coli O124.<br />
<br />
Meanwhile, federal officials said yesterday that they were finishing their probe of Nestlé's Danville plant, which involved more than 1,000 microbiological tests. They remained stumped. "I think it probably is going to remain a mystery," said David Acheson, assistant commissioner for food safety at the FDA.<br />
<br />
Of those sickened, 34 have been hospitalized. None has died.<br />
<br />
Investigators did not find E. coli inside the Danville plant, on equipment, in raw ingredients or in additional samples of cookie dough, Acheson said.<br />
<br />
E. coli O157 lives in the intestines of cows, sheep and other animals and is most often associated with ground beef. None of the ingredients in cookie dough -- eggs, milk, flour, chocolate, butter -- is known to host the bacterium.<br />
<br />
Nestlé voluntarily recalled 30,000 cases of its refrigerated cookie dough on June 19 after officials at the FDA and the federal Centers for Disease Control and Prevention suspected that dozens of cases of E. coli-related illness were linked to the product.<br />
<br />
Nestlé, which temporarily shut down its plant and dismantled its equipment, tentatively began producing cookie dough on Tuesday, after finding new suppliers for flour, eggs and margarine, a spokeswoman said.</div>]]></content:encoded>
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         <title>10 Dangerous Household Products You Should Never Use Again</title>
         <link>http://thewatchmendailynews.ning.com/xn/detail/2008199:BlogPost:14261</link>
         <description>&lt;div&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://www.alternet.org/story/141196/&quot;&gt;Alternet&lt;/a&gt;
You would never cross the street without looking both ways, walk alone down a dark alley alone at three a.m., or tell your child to accept rides from strangers. So why let hazardous, toxic, and even carcinogenic chemicals into your home everyday?&lt;br /&gt;
&lt;br /&gt;
The message driven home for millions of Americans each day via TV and internet commercials is this: No need to scrub or scour. With just one squeeze of t&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/health-newss-posts-the-watchmen-daily-news-wdn/Health_Newss_Posts_-_The_Watchmen_Daily_News_WDN-10_Dangerous_Household_Products_You_Should_Never_Use_Again.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
         <guid isPermaLink="false"></guid>
         <pubDate>Thu, 09 Jul 2009 09:00:00 -0700</pubDate>
         <content:encoded><![CDATA[<div><a rel="nofollow" target="_blank" href="http://www.alternet.org/story/141196/">Alternet</a>
<br />
You would never cross the street without looking both ways, walk alone down a dark alley alone at three a.m., or tell your child to accept rides from strangers. So why let hazardous, toxic, and even carcinogenic chemicals into your home everyday?<br />
<br />
The message driven home for millions of Americans each day via TV and internet commercials is this: No need to scrub or scour. With just one squeeze of the spray bottle, you can wipe away dirt, grime, and bacteria.<br />
<br />
Alas, there’s that dark alley again. Air fresheners, disinfectants, and cleaners found under your sink are more dangerous than you think. Mix bleach with ammonia, for example, and you’ve got a toxic fume cloud used by the military in WWI. And they weren’t cleaning kitchens.<br />
<br />
Here is a list of the ten products you should ban from your home -- forever -- along with suggested alternatives.<br />
<br />
1. Non-Stick Cookware<br />
<br />
When non-stick pans were first introduced into American households in the 1960s, they were thought to be a godsend. Gone were the days of soaking pans for hours and scouring pots with steel wool. In the forty years since then, however, we’ve learned that the ease of cleaning comes at a steep price: the coating that makes Teflon pans non-stick is polytetrafluoroethylene, or PTFE for short. When PTFE heats up, it releases toxic gasses that have been linked to cancer, organ failure, reproductive damage, and other harmful health effects.<br />
<br />
The problems with PTFE-coated pans seem to occur at high temperatures, so if you must use Teflon, cook foods on medium heat or less. Avoiding non-stick pans altogether is the safest option. If you’re able to do so, try anodized aluminum, stainless steel, or cast iron pans with a little cooking oil. SustainLane reviewers like LeCreuset cast iron pans and more cost-effective ones like Lodge Logic. Using a lower setting on the stove will reduce the chances that your food will burn, which is how it usually gets stuck to pans the first place. If you’re worried about the extra calories cooking oil adds, try baking or steaming your food.<br />
<br />
2. Plastic Bottles<br />
<br />
By now you’ve heard of dangers of BPA in those ubiquitous neon water bottles. BPA mimics the effects of hormones that harm your endocrine system. While the company at the heart of the controversy has switched to BPA-free plastic, those aren’t the only toxic bottles. Single-use plastic bottles are even worse for leaching chemicals, especially when you add the heat of the sun (think about bottles left in your trunk) or the microwave. Aside from the fact that bottled water sold across state lines is not as regulated as tap water, the bottles themselves are spawning grounds for bacteria and are a source of needless waste. Each year, more than one million barrels of oil are used to manufacture the more than 25 billion single-use plastic water bottles sold in the U.S. Choose a reusable, stainless steel or glass bottle instead. SustainLane users have reviewed several water bottle alternatives.<br />
<br />
3. Conventional Cleaning Supplies<br />
<br />
These routinely make the top ten lists of worst household offenders. They contain toxic chemicals that negatively affect every system in your body. All purpose cleaners often contain ammonia, a strong irritant that has been linked to liver and kidney damage. Bleach is a powerful oxidizer, which can burn the skin and eyes. Another danger lies in oven cleaners, which can cause chemical burns and emit toxic fumes that harm the respiratory system. The American Association of Poison Control Centers reports that more than 120,000 children under the age of five were involved in incidents involving household cleaners in 2006, the most recent year for which data is available.<br />
<br />
To protect you and your family from the hazards conventional cleaners pose, choose non-toxic, or natural cleaners. SustainLane reviewers have particularly enjoyed Method and Seventh Generation, which are commonly found on supermarket shelves. Bon Ami is a safe alternative to Comet and Ajax. If you have the time and want to go the extra mile, you can even mix your own using common household items like vinegar and baking soda. Check out these easy-to-make recipes household cleaners.<br />
<br />
4. Chemical Insecticides and Herbicides<br />
<br />
Since the purpose of these products is to kill pests, you can bet that many of them have ingredients in them that are also harmful to humans. For example, the active ingredient in Round-Up -- a weed-killer popular with gardeners -- is known to cause kidney damage and reproductive harm in mice. And cypermethrin, one of the active ingredients in the popular ant and roach-killer Raid, is a known eye, skin and respiratory irritant and has negative effects on the central nervous system.<br />
<br />
There are several companies that sell natural and organic weed- and pest-control products. Buhach makes a natural insecticide from ground chrysanthemum flowers that controls ants, flies, fleas, lice, gnats, mosquitoes, spiders, and deer ticks, among other pests. Boric acid is an effective, natural solution for cockroaches as well; sprinkle it around baseboards, cracks and other places likely to harbor roaches. You can use this boric acid recipe to control ants. For weeds, check out E.B. Stone Weed-N-Grass or try spot-spraying with household vinegar.<br />
<br />
5. Antibacterial Products<br />
<br />
The widespread use of antibacterials has been shown to contribute to new strains of antibiotic-resistant “super-bugs.” The Center for Disease Control says that antibacterials may also interfere with immune system development in children. Triclosan -- the most common antibacterial additive found in more than 100 household products ranging from soaps and toothpaste to children’s toys and even undergarments -- accumulates in the body. In a study conducted by the Environmental Working Group, 97 percent of breast feeding mothers had triclosan in their milk, and 75 percent had trace amounts of the chemical in their urine.<br />
<br />
Make it your goal to be to be clean, not germ-free. People who are exposed to household germs typically develop strong immune systems and are healthier overall. Avoid buying antibacterial products or soaps containing triclosan. Soap and water is really all you need to clean most things. There are plenty of eco-friendly hand washes and other cleansers that are safe for you and easy on the planet.<br />
<br />
6. Chemical Fertilizers<br />
<br />
These are notorious for causing damage to our water supply and are a known major contributor to algal blooms. Whenever it rains or a lawn is watered, the runoff goes straight into storm-drains, and untreated water is dumped into rivers, streams, and the ocean. This causes an imbalance in delicate water ecosystems, killing fish and degrading water quality.<br />
<br />
If you have a lawn, choose organic fertilizers rather than chemical ones.<br />
<br />
As another alternative to harsh chemicals, consider starting a compost pile to create nutrient-rich soil for your flower beds and vegetable gardens. You’ll be creating your own inexpensive fertilizer just by letting food scraps and yard trimmings sit. An added benefit: it’ll also help divert waste from landfills. SustainLane users have reviewed several compost bins here.<br />
<br />
7. More Bulb for Your Buck<br />
<br />
A Compact Fluorescent (CFL) bulb uses just a fraction of the energy regular light bulb uses. When your current bulbs burn out, swap them with CFLs, and start calculating your savings. General Electric has an online calculator that shows you just how much money you can save by making the switch.<br />
<br />
One caveat of the low-energy bulb is that it contains mercury. Even so, CFLs are still your best bet, according to EPA Energy Star program director Wendy Reed. Coal-fired plants are the biggest emitters of mercury. Using CFL bulbs means you draw less power from the grid, which means less coal is burned for electricity. Because of the mercury, take precautions when disposing of these CFL bulbs. Rather than throwing them in your household trash or curbside recycling bin, take them to a hazardous waste collection or other special facility. This story from National Public Radio has a more through discussion of this topic.<br />
<br />
8. Air fresheners<br />
<br />
Just like cleaning supplies, these are incredibly toxic and can aggravate respiratory problems like asthma. Even those labeled “pure” and “natural” have been found to contain phthalates, chemicals that cause hormonal abnormalities, reproductive problems and birth defects. Try simmering cinnamon and cloves to give your home an “I’ve-spent-the-whole-day-baking” scent, and leave a few windows open to let in fresh air. You might also boil a pot of water on the stove with a few drops of your favorite essential oil, or use an essential oil burner.<br />
<br />
9. Flame Retardants<br />
<br />
A common flame retardant that was used in mattresses -- polybrominated diphenyl ethers (PBDE) -- is known to accumulate in blood, breast milk and fatty tissues. This chemical is linked to liver, thyroid, and neuro-developmental toxicity. According to the Environmental Working Group, new foam items often do not contain PBDEs, but foam items purchased before 2005 (like mattresses, mattress pads, couches, easy chairs, pillows, carpet padding), are likely to contain them. Household furniture often contains flame retardants and stain repellents that use PBDE’s as well as formaldehyde and PFOA (the same chemical used in non-stick cookware).<br />
<br />
If you are in the market for a new mattress or sofa, ask manufacturers what type of flame retardants they use. Look for products that don’t use brominated fire retardants. Organic Abode sells natural and organic furniture. If you’re looking to keep your existing mattress, but make it safer, use a cover made of organic wool to reduce PBDE exposure. You can find organic furniture and interior décor here.<br />
<br />
10. Plastic Shopping Bags<br />
<br />
Remember: Like diamonds, plastics are forever. Ever heard of the Great Pacific Garbage Patch? It’s a giant mass of plastic twice the size of Texas that’s floating 1,000 miles off the coast of California. In the United States, only two percent of plastic bags are recycled, which means that the remaining 98 percent is dumped into landfills or blown out to sea. According to Californians Against Waste, the City of San Francisco, which recently banned plastic shopping bags, spends 8.5 million dollars annually on plastic bag litter.<br />
<br />
The good news is, we can easily decrease our plastic bags use. Bring in your own reusable cloth bags when you go shopping. If you have kids, ask them to remind you to bring them. Or keep them in a place by the door where you’re most likely to remember them on your way out.<br />
<br />
<a rel="nofollow" target="_blank" href="http://www.sustainlane.com/reviews/gorilla-in-the-greenhouse/2IASSFU9TKRNY2NATNKW3MYO2U9S">Watch this informative cartoon on your own or with your kids</a></div>]]></content:encoded>
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         <title>Russia: US missile plan threatens nuke cut bids</title>
         <link>http://thewatchmendailynews.ning.com/xn/detail/2008199:BlogPost:14249</link>
         <description>&lt;img src=&quot;http://www.presstv.ir/photo/20090707/dastmalchi20090707204723671.jpg&quot;/&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;div&gt;Russian Foreign Minister Sergei Lavrov has stressed that the US missile shield plans would contradict efforts for global reduction of nuclear weapons.
&lt;br /&gt;
&quot;If our partners decide to create an American missile defense system with global reach, this will undoubtedly cast serious doubt on the prospects for further strategic offensive arms reductions,&quot; news agencies quoted Lavrov as saying during a&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/war-newss-posts-the-watchmen-daily-news-wdn/War_Newss_Posts_-_The_Watchmen_Daily_News_WDN-Russia-_US_missile_plan_threatens_nuke_cut_bids.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Tue, 07 Jul 2009 23:42:49 -0700</pubDate>
         <content:encoded><![CDATA[<img src="http://www.presstv.ir/photo/20090707/dastmalchi20090707204723671.jpg"/><br />
<br />
<div>
Russian Foreign Minister Sergei Lavrov has stressed that the US missile shield plans would contradict efforts for global reduction of nuclear weapons.<br />
<br />
"If our partners decide to create an American missile defense system with global reach, this will undoubtedly cast serious doubt on the prospects for further strategic offensive arms reductions," news agencies quoted Lavrov as saying during a Tuesday interview with Vesti-24 television.<br />
<br />
Lavrov's remarks came just one day after US President Barack Obama and his Russian counterpart Dmitry Medvedev agreed on a deal that renews the key Cold War-era Strategic Arms Reduction Treaty due to expire in early December.<br />
<br />
Amid both sides' efforts to rebuild Washington-Moscow ties, which stooped to a post Cold War-era low during former president George W. Bush's administration, the US's refusal to scrap the plans has remained a sore spot in the relations.<br />
<br />
Moscow rejects the idea of a US anti-missile defense system in two former Soviet states as a threat to its security but US President Barack Obama who is now in Moscow says the missile system is aimed at Iran, not Russia.<br />
<br />
Meanwhile a series of reports by government committees and internatiolanl think tanks have undermind the effectiveness of such a system.<br />
<br />
The planned system comprises of a radar in the Czech Republic and 10 interceptor missiles in Poland.<br />
<br />
Last month, British parliament's Foreign Affairs Committee, with lawmakers from the country's main political parties, expressed reserve over the plans in a report on weapons proliferation.<br />
<br />
“We are not convinced that, as they are currently envisaged and under current circumstances, the United States' planned ballistic missile defense (BMD) deployments in the Czech Republic and Poland represent a net gain for European security,” the report said.<br />
<br />
The lawmakers also argued that “the United States' development of its system involved its abrogation of the Anti-Ballistic Missile Treaty,” from which the United States withdrew seven years ago.<br />
<br />
A recent study by a group of Russian and American military and academic experts for the US-based think tank EastWest Institute both undermined the effectiveness of the anti-missile defense system and the likelihood of its main pretext -an "imminent" attack from Iran.<br />
<br />
<a rel="nofollow" target="_blank" href="http://presstv.ir/detail.aspx?id=100042&amp;sectionid=351020602">PressTV</a></div>]]></content:encoded>
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         <title>ANALYSIS-Wary of naked force, Israelis eye cyberwar on Iran</title>
         <link>http://thewatchmendailynews.ning.com/xn/detail/2008199:BlogPost:14240</link>
         <description>&lt;div&gt;RAMAT HASHARON, Israel, July 7 (Reuters) - In the late 1990s, a computer specialist from Israel's Shin Bet internal security service hacked into the mainframe of the Pi Glilot fuel depot north of Tel Aviv.
&lt;br /&gt;
It was meant to be a routine test of safeguards at the strategic site. But it also tipped off the Israelis to the potential such hi-tech infiltrations offered for real sabotage.&lt;br /&gt;
&lt;br /&gt;
&quot;Once inside the Pi Glilot system, we suddenly realised that, aside from accessing secret da&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/war-newss-posts-the-watchmen-daily-news-wdn/War_Newss_Posts_-_The_Watchmen_Daily_News_WDN-ANALYSIS-Wary_of_naked_force_Israelis_eye_cyberwar_on_Iran.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Tue, 07 Jul 2009 19:42:29 -0700</pubDate>
         <content:encoded><![CDATA[<div>
RAMAT HASHARON, Israel, July 7 (Reuters) - In the late 1990s, a computer specialist from Israel's Shin Bet internal security service hacked into the mainframe of the Pi Glilot fuel depot north of Tel Aviv.<br />
<br />
It was meant to be a routine test of safeguards at the strategic site. But it also tipped off the Israelis to the potential such hi-tech infiltrations offered for real sabotage.<br />
<br />
"Once inside the Pi Glilot system, we suddenly realised that, aside from accessing secret data, we could also set off deliberate explosions, just by programming a re-route of the pipelines," said a veteran of the Shin Bet drill.<br />
<br />
So began a cyberwarfare project which, a decade on, is seen by independent experts as the likely new vanguard of Israel's efforts to foil the nuclear ambitions of its arch-foe Iran.<br />
<br />
The appeal of cyber attacks was boosted, Israeli sources say, by the limited feasibility of conventional air strikes on the distant and fortified Iranian atomic facilities, and by U.S. reluctance to countenance another open war in the Middle East. "We came to the conclusion that, for our purposes, a key Iranian vulnerability is in its on-line information," said one recently retired Israeli security cabinet member, using a generic term for digital networks. "We have acted accordingly."<br />
<br />
Cyberwarfare teams nestle deep within Israel's spy agencies, which have rich experience in traditional sabotage techniques and are cloaked in official secrecy and censorship.<br />
<br />
They can draw on the know-how of Israeli commercial firms that are among the world's hi-tech leaders and whose staff are often veterans of elite military intelligence computer units.<br />
<br />
"To judge by my interaction with Israeli experts in various international forums, Israel can definitely be assumed to have advanced cyber-attack capabilities," said Scott Borg, director of the U.S. Cyber Consequences Unit, which advises various Washington agencies on cyber security.<br />
<br />
Technolytics Institute, an American consultancy, last year rated Israel the sixth-biggest "cyber warfare threat", after China, Russia, Iran, France and "extremist/terrorist groups".<br />
<br />
The United States is in the process of setting up a "Cyber Command" to oversee Pentagon operations, though officials have described its mandate as protective, rather than offensive.<br />
<br />
CORRUPT, CRASH<br />
<br />
Asked to speculate about how Israel might target Iran, Borg said malware -- a commonly used abbreviation for "malicious software" -- could be inserted to corrupt, commandeer or crash the controls of sensitive sites like uranium enrichment plants.<br />
<br />
Such attacks could be immediate, he said. Or they might be latent, with the malware loitering unseen and awaiting an external trigger, or pre-set to strike automatically when the infected facility reaches a more critical level of activity. As Iran's nuclear assets would probably be isolated from outside computers, hackers would be unable to access them directly, Borg said. Israeli agents would have to conceal the malware in software used by the Iranians or discreetly plant it on portable hardware brought in, unknowingly, by technicians.<br />
<br />
"A contaminated USB stick would be enough," Borg said.<br />
<br />
Ali Ashtari, an Iranian businessman executed as an Israeli spy last year, was convicted of supplying tainted communications equipment for one of Iran's secret military projects.<br />
<br />
Iranian media quoted a security official as saying that Ashtari's actions "led to the defeat of the project with irreversible damage". Israel declined all comment on the case.<br />
<br />
"Cyberwar has the advantage of being clandestine and deniable," Borg said, noting Israel's considerations in the face of an Iranian nuclear programme that Tehran insists is peaceful.<br />
<br />
"But its effectiveness is hard to gauge, because the targeted network can often conceal the extent of damage or even fake the symptoms of damage. Military strikes, by contrast, have an instantly quantifiable physical effect."<br />
<br />
Israel may be open to a more overt strain of cyberwarfare. Tony Skinner of Jane's Defence Weekly cited Israeli sources as saying that Israel's 2007 bombing of an alleged atomic reactor in Syria was preceded by a cyber attack which neutralised ground radars and anti-aircraft batteries.<br />
<br />
"State of War," a 2006 book by New York Times reporter James Risen, recounted a short-lived plan by the CIA and its Israeli counterpart Mossad to fry the power lines of an Iranian nuclear facility using a smuggled electromagnetic-pulse (EMP) device.<br />
<br />
A massive, nation-wide EMP attack on Iran could be effected by detonating a nuclear device at atmospheric height. But while Israel is assumed to have the region's only atomic arms, most experts believe they would be used only in a war of last resort. (Editing by Jeffrey Heller and Mark Trevelyan)<br />
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<a rel="nofollow" target="_blank" href="http://www.alertnet.org/thenews/newsdesk/LV83872.htm">Reuters</a></div>]]></content:encoded>
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         <title>Cameron: Patients should store health records with Google or Microsoft</title>
         <link>http://thewatchmendailynews.ning.com/xn/detail/2008199:BlogPost:14239</link>
         <description>&lt;p style=&quot;text-align:left;&quot;&gt;&lt;img src=&quot;http://static.guim.co.uk/sys-images/Technology/Pix/pictures/2007/10/12/camerongoogle-pa-1.jpg&quot;/&gt;&lt;/p&gt;
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&lt;div&gt;Patients would be encouraged to store their medical records with companies like Google and Microsoft under plans being drawn up by the Conservatives.
&lt;br /&gt;
David Cameron wants people to use services like Google Health and Microsoft HealthVault, which both operate in the US, as an alternative to the £12bn national patient record database order&lt;/div&gt;&amp;hellip;&lt;br&gt;&lt;a rel=&quot;nofollow&quot; target=&quot;_blank&quot; href=&quot;http://podcasts.odiogo.com/get_mp3.mp3?f=/the-surveillance-societys-posts-the-watchmen-dail/The_Surveillance_Societys_Posts_-_The_Watchmen_Dai-Cameron-_Patients_should_store_health_records_with_Google_or_Microsoft.mp3&quot;&gt;Click here to play&lt;/a&gt;&lt;br&gt;</description>
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         <pubDate>Tue, 07 Jul 2009 19:34:09 -0700</pubDate>
         <content:encoded><![CDATA[<p style="text-align:left;"><img src="http://static.guim.co.uk/sys-images/Technology/Pix/pictures/2007/10/12/camerongoogle-pa-1.jpg"/></p>
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<div>
Patients would be encouraged to store their medical records with companies like Google and Microsoft under plans being drawn up by the Conservatives.<br />
<br />
David Cameron wants people to use services like Google Health and Microsoft HealthVault, which both operate in the US, as an alternative to the £12bn national patient record database ordered by the government.<br />
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But the Liberal Democrats have complained that the plan could give Google undue commercial advantage.<br />
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Cameron has repeatedly cited Labour's planned electronic patient record database as an example of how centralised government programmes can go wrong. The database is not due to be ready until 2014, four years behind schedule.<br />
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At the recent Conservative spring conference in Cheltenham, the Tory leader said that his party would have adopted a different approach to the issue of how to improve access to patient records in the internet era.<br />
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"We would have said, 'Today you don't need a massive central computer to do this,'" he