Wednesday, August 27, 2008

PREDICTIONS

( Compiler's note: Source a friend -- very interesting, especially the part in red. When reading this try to bear in mind that it is not about people but about platforms. There is a lot of truth in what it says. We have all seen a lot of give away programs that have become millstones on the budget -- some caused by democrats some by republicans. We seem to know how to make the same mistakes over and over again. But this national situation is more dangerous than most. We could blame it on Bush, Congress, Illegal Immigrants, Welfare Programs, Oil Companies, Bad Car Manufacturers, American Workers, Outdated Steel Mills, imbalance of trade, Corruption, etc. But one thing of which I feel certain is that most of us do not want to become a Socialist County. I don't know I don't. rca )

The problem with these predictions is that many Americans don't seem to understand what the consequences will be, and they vote too!

This is an e-mail from BGen James Cash, USAF, who has written some very good articles on the subject. Here he recommends someone else's e-mail that impressed him, and scared him.

General Cash Wrote:
Occasionally, I receive an email that I agree with so totally I want to pass to everyone on my list. This is one of those emails. I have approval from the writer to forward the attached, and feel free to post it on your web sites, or forward to friends.

The election of Obama as President of the United States will mark the apex, and beginning downslide of this Republic. The only question is the rate at which the downfall will occur.

The writer of this essay is Jerry Molen. Jerry is a great friend and an Academy Award winning Hollywood Producer. He did Jurassic Park , Hook, Rainman, and many more class movies. He won he Academy Award for Schindler's List. Jerry is one of the very few clear thinking conservatives that I know from Hollywood .

We need to get this out to as many as possible to include liberal Democrats.

We are about to make the Mother-of-All-Mistakes, because the Republican Party gave us no reliable alternative.

In my opinion, if the conservative movement does not rally behind the only alternative left to us, this country will become a true Socialist State within the next two Presidential terms.


Ladies and Gentleman, this is the most grave situation this nation has faced in my lifetime.

Jim Cash B/G, USAF, Ret.

Jerry Molen wrote:
'Election woes defined by prose.....'

We just experienced an over hyped, positively outrageous primary election season that has left me cold and wondering where the heads of our citizens are hiding out. Must be someplace where the sun doesn't get to very often.

At one time in my life I was a determined, dedicated and ever loyal registered Democrat. Then something happened (Lyndon Baines Johnson) that turned my life around and gave me much pause as to the veracity of a party that dwelt on and fed off of the most unfortunate among us.

Some of those unfortunates were in their positions in life by way of their own choosing and others were there by circumstance. But always, always with a door open to them to reach for new heights, achieve new goals, change their lives for the better. And also, always ever present were the bottom feeders doing everything they could to take advantage of those who had not or have not seen the light of better days and times nor realizing they were in fact the masters of their own destiny. They had come to believe that they were dependent on those in power in Washington and that they would look out for them and take care of their every need. They are still waiting and expecting all those promised freebies.

Most people aren't even aware that the Democrats ruled Washington for over 40 years It wasn't until 1994 when the so called Gingrich Revolution changed that for a short period of time. Nor do people realize that it was the Dem's that created the failed policies of the many entitlement programs that are falling apart right before our eyes.


Please do not think I find the Republicans blameless in all this. They too, suffer from ego inflation and greed motivators built into the system. It's just that the past few months I've listened to the rantings and railings of the left in America calling for more giveaways and better ways to obtain the proverbial 'free lunch'.

I think that to sum up my feelings and why I am so set apart from those within the circles of political power and influence can be illustrated best by a quote by noted basketball legend and talk show co-host Charles Barkley:

'Poor people have been voting for Democrats for the last fifty years....and they are still poor'.

And now with the election results comes the promises of 'change'. 'Change we can believe in.' 'Change for the future'. When in fact if you really, I mean REALLY listen to what the new messiah is asking for is not 'change of policy' or 'change for the better'. He is warning all of us that he wants our change all right, 'loose change', pocket change', social change and political change......So people wake up. For if you don't the change you get may not be the change you were expecting or the change you wanted.

To close my screed, I want to leave you with some JM predictions in the event the junior Senator from Illinois becomes President and especially if the House and Senate are veto proof.

1). Strict new gun laws will be enacted even though he promised he would not.
2). The phrase 'In God We Trust' will be removed from all currency.
3). He will back away from his pledge to Israel and leave them to the wolves of Islam.
4). Hillary Clinton will be named to the Supreme Court.
5). Tax rates will return to their highest levels in 30 years.
6). The capital gains tax will be at least double current levels.
7). Retired Army General Wesley Clark will be named Secretary of Defense.
8). The borders will be 'basically open' to all comers. Especially those from the Middle East and South America
9). Amnesty will be granted to all illegals now in the U.S. regardless of status or even gang members (MS-13). and
10) The war in Iraq will be brought to an abrupt end and the results will be tragic and the consequences to our military will be devastating.


I realize that my predictions may not sit too well with some people
and the best we could all hope for is that I am totally wrong. Any
bets?

Jerry Molen

If you don't want to forward (share) this for fear of offending someone... YOU'RE PART OF THE PROBLEM! It is Time for Americans to speak up!

Jama'at al-Fuqara': A Domestic Threat to the United States?

Organized on communal compounds in the United States and Canada, surprisingly little is known about Jama`at al-Fuqara' (Community of the Impoverished)1 and its current operations. The secretive organization-it publicly operates under the name Muslims of the Americas (MOA)-has been known to law enforcement since the 1980s for dozens of violent and white collar crimes in North America. It has been described by prosecutors as advocating "the purification of the Islamic religion by means of force and violence." Yet, the group's nature and organization as a terrorist entity seems as unclear today as at any point in its history.

The current Jama`at al-Fuqara' is obscured by a vague public ideology, careful to avoid any reference to Islamist ambitions or armed struggle. MOA and its subsidiary, the International Qur'anic Open University (IQOU),2 carries out a number of public events and hosts videos and news of its activities online.3 Its Pakistan-based leader, Shaykh Mubarak Ali Gilani, and other U.S.-based leaders have done much to present a devout but always law abiding image, even organizing a Muslims Scouts wing for boys that helps the needy in their various communities. Fears persist, however, due to the group's origins as al-Fuqara', and whether the militancy present at some of its compounds could turn anti-American. Jama`at al-Fuqara' was designated a terrorist organization by the State Department in 1999 for its earlier offenses in the United States, including a range of firearms and explosives charges and a series of violent crimes.4 Yet its founder, Pakistani cleric Shaykh Gilani, continues to deny that such an organization called Jama`at al-Fuqara' has ever existed. Gilani expressed in interviews to the Pakistani press his fears that the U.S. government seeks to brand him as a terrorist and thus jeopardize the security of his thousands of followers in the United States, the majority of whom are African-Americans living in compounds largely isolated from the rest of American society.5 That fear may be true; the group's past ties to militancy and Gilani's own record are correctly a cause for concern for U.S. law enforcement and counter-terrorism officials.....

Obama bin Biden Ends War On Terror

by Robert Spencer

bidenobama.jpg
"See that guy Spencer, Barack? He thinks he's Freakin' Batman!"

Now, don't get all excited about the title of this article. I'm not saying that Obama and Biden are like Osama bin Laden. (But just try saying that last sentence quickly.) I am not the first, nor will I be the last, to have fun with this little wordplay, and if the McCain-Whoever ticket left itself open to similar wordplay, I wouldn't hesitate. Anyway, here is my latest Human Events column:

Now that Obama has made his momentous choice, it is useful to recall that during a Democratic presidential candidates’ debate in April 2007, Biden was among those who did not raise his hand to affirm his belief in the existence of a “global war on terror.”

In this, Biden and the head of the ticket appear to be completely simpatico. This has been clear from the beginning of the presumptive Democratic nominee’s campaign: analyzing an Obama speech at the same time that Biden was denying the existence of the war on terror, a Washington Post editorial noted that the candidate “does not use the phrase ‘war on terrorism.’ More remarkably, he doesn’t mention Islam, much less Islamic extremism -- which Mr. Bush has described as a critical ideological threat to freedom inside and outside the Muslim world.”

Actually, given the Democratic Party’s position on the global jihad, it would have been more remarkable if Obama had mentioned Islam. And his new running mate offers more of the same. Biden recently offered some hope of insight when he declared that “terrorism is a means, not an end, and very different groups and countries are using it toward very different goals. If we can’t even identify the enemy or describe the war we’re fighting, it’s difficult to see how we will win.”

He then offered an insight into how he would identify the enemy when he identified the jihad terrorists in Chechnya -- the ones who massacred over 300 children at Beslan -- as freedom fighters: “The war in Chechnya is a war of liberation -- it engaged in terrorist activities, but it is fundamentally different.”

Obama and Biden, once ensconced in the White House, would thus revert to the Clinton-era policy of seeing each front in the global jihad as a discrete liberation struggle to be bought off by the right aid package. Several weeks ago, CNN aired an interview with Obama in which the candidate expressed the opinion that Islamic jihad is a result of U.S. foreign policy failure. He blamed global jihadist activity on poverty -- a popular correlation that has been disproved by numerous studies (quick: how many Haitian terrorists can you name?). But of course it is also the West’s fault: Obama asserted that “there has been a shift in Islam that I believe is connected to the failures of governments and the failures of the West to work with many of these countries, in order to make sure that opportunities are there, that there’s bottom-up economic growth.”

So according to Obama, the “shift in Islam” doesn’t have anything to do -- or anything significant to do -- with imperatives within Islam itself, or with changes in conditions in the Islamic world that have allowed for a resurgence of the jihad ideology. That resurgence is all because of the “failures of the West to work with many of these countries” -- although we are pouring billions into Egypt and Pakistan and they are still hotbeds of jihadist sentiment.

Obama made a recommendation: But what we also want to do is to shrink the pool of potential recruits. And that involves engaging the Islamic world rather than vilifying it, and making sure that we understand that not only are those in Islam who would resort to violence a tiny fraction of the Islamic world, but that also, the Islamic world itself is diverse.”

Wouldn’t it also be useful to understand that there is an expansionist and supremacist imperative shared by all orthodox sects and schools of Islam, and that some Muslims will most likely continue to act upon that imperative no matter how much we demonstrate our understanding of Islamic diversity?

Although he continues to campaign under a mantra of “change,” so far Obama is offering more of the same in a field where genuine, informed and careful change is needed more than ever. Neither Obama nor Biden show any sign of being aware of the global jihad agenda, and has to my knowledge never said anything about the jihad or Islamic supremacism.

When Biden says that we have to identify the enemy, he apparently means that we have to define them as various insurgent and nationalist movements, and find the right mix of concessions and aid to offer them in order to pacify them. Given the Islamic jihad agenda, of course, this is short-sighted, and time and events will demonstrate just how short-sighted the Obama-Biden ticket’s policy really is.

Tuesday, August 26, 2008

Obama warns stations not to air 'radical' ad

(Compiler's note: You can also click here to see the video in question .. for as long as it is up. Otherwise see the URL in the second paragraph.)

Sen. Barack Obama is warning TV stations and asking the Justice Department to intervene in an attempt to block the airing of an ad by a non-profit group that links him to an unrepentant domestic terrorist.

The spot by the American Issues Project questions Obama's ties to William Ayers, a founder of the Weather Underground organization who boasted of a series of bomb attacks at the Pentagon and U.S. Capitol four decades ago.

....Fox News and CNN rejected the ads, but as of yesterday, it ran about 150 times in local markets in Pennsylvania, Ohio, Virginia and Michigan, the AP said.

...."With all our problems, why is John McCain talking about the '60s, trying to link Barack Obama to radical Bill Ayers?" the announcer says in Obama's ad. "McCain knows Obama denounced Ayers' crimes, committed when Obama was just 8 years old."

The ad does not mention Obama's extensive ties to Ayers. Obama launched his political career with an event in Ayers' home, and WND first reported Obama served on the board of the Wood's Fund, a liberal Chicago nonprofit, alongside Ayers from 1999 to 2002.

...."The fact that Barack Obama chose to launch his political career at the home of an unrepentant terrorist raises more questions about Senator Obama's judgment than any TV ad ever could," McCain spokesman Brian Rogers said.

....Ayers is married to another notorious Weathermen terrorist, Bernadine Dohrn, who also has served on panels with Obama. Dohrn, once on the FBI's Top 10 Most Wanted List, was described by J. Edgar Hoover as the "most dangerous woman in America." Ayers and Dohrn raised the son of Weathermen terrorist Kathy Boudin, who was serving a sentence for participating in a 1981 murder and robbery that left four people dead.

The American Issues Project ad says, "Barack Obama is friends with Ayers, defending him as, quote, 'Respectable' and 'Mainstream.' Obama's political career was launched in Ayers' home. And the two served together on a left-wing board. Why would Barack Obama be friends with someone who bombed the Capitol and is proud of it? Do you know enough to elect Barack Obama?"

Tensions Boil Over at MSNBC as Shuster, Scarborough Feud

Great video ..... click on the title above.

Regulators step up action on U.S. banks: report

NEW YORK (Reuters) - Federal regulators have raised the number of struggling U.S. banks they have effectively put on probation, forcing them to fix their problems to avoid potential failures, the Wall Street Journal said on Monday.

The two main U.S. bank regulators -- the Federal Reserve and the Office of the Comptroller of the Currency -- have issued more memorandums of understanding this year than they did for all of 2007, the Journal said, citing data obtained from regulators under Freedom of Information Act requests.

Banks don't have to disclose the memorandums, which are an early-warning system about troubled banks but are not meant to imply a bank is at risk of failing, the Journal said. They are often a precursor to more severe, publicly disclosed enforcement actions if conditions do not improve.

The secret agreements can force banks to take steps including raising capital, cutting back on risky loans and suspending dividend payments, the Journal said.

The Federal Deposit Insurance Corp is scheduled to release its updated list of "problem" institutions on Tuesday, the Journal said. There were 90 banks on its list on March 31. Yet, since July 11 five banks have failed and many other banks are considered at risk by regulators, the Journal said.

U.S. banks are struggling with their worst crisis since World War Two amid deteriorating real-estate and credit markets. ....

Bubonic Plague Diagnosed in Yellowstone Visitor

Wyoming Department of Health officials said Monday, Aug. 25 they are investigating a case of bubonic plague in an out-of-state resident who recently visited Teton County and Yellowstone National Park. The individual traveled to multiple sites in the area with a group of Boy Scouts from July 26 to Aug. 3, said Dr. Tracy Murphy, state epidemiologist with the Wyoming Department of Health.

“The young adult traveled to Yellowstone National Park, Bridger-Teton National Forest and other sites within Teton County,” said Murphy. “He was involved in a combination of activities during his visit that included working on a service project, camping, sightseeing and participating in sports.” ....

National Coalition to Prepare Against ‘Dirty Bomb’ Attacks

A new national, not-for-profit coalition has been launched by a broad group of first-responders, business groups, health advocates and homeland security experts . The coalition, called The Radiological Threat Awareness Coalition (R-TAC), Washington, DC, was formed to prepare, protect, and prevent a radiological disaster in our country by providing information and resources on the risk of a radiological catastrophe such as a series of "dirty bomb" attacks.

James P. Pinkerton will serve as the organization’s first chairman. Pinkerton is a former White House adviser and long-time national media personality. The R-TAC mission will be reinforced and guided by a prominent Advisory Board consisting of the nation’s foremost radiological and preparedness experts, including: Dr. Albert L. Wiley, Jr., Director of Radiation Emergency Assistance Center/Training Site (REAC/TS) at Oak Ridge Institute for Science and Education, Dr. Carol Marcus, Former Professor of Radiation Oncology and Radiological Sciences at UCLA’s David Geffen School of Medicine and Dr. Tareg A. Bey, Clinical Professor of Emergency Medicine and Director of International Emergency Medicine, Department of Emergency Medicine, University of California at Irvine (UCI).

Severe Delays for Anti-Terror System at Ports

By Newsday -- After missing two days of work, logging countless hours on the computer and standing in long lines, Mitch Kramer says he has had it with the federal government's post-9/11 port security program.

Five months have passed and Kramer, an Oyster Bay tugboat captain, still does not have the fingerprint identification card that is part of what the government calls a critical national security program.

"We are all supposed to be working together now after 9/11," said Kramer, the president of TowBoat US Oyster Bay. "It just seems like there was never any oversight of how this works."

Kramer is one of 2,000 Long Island port workers who recently began registering for security and criminal-background checks, the first step in the process to get the Transportation Worker Identification Credential.....

Security measures visible for new UNR school year

KRNV-TV --- Thousands of students returned to the University of Nevada campus Monday for the first day of fall classes. Along with those students were 24 patrol officers and plans for increased security measures.

The student body was on edge for most of the spring semester after the kidnapping and murder of 19-year old Brianna Denison from a home near campus.

The UNR police force says they're taking extra steps to make sure that students are safe.

There are 25 blue emergency phones around campus and 72 additional phones in campus parking garages. A push of a button will bring a police officer to the site within two minutes.

In September, the University will institute a text message alert system. Students will soon be invited to register their cell phone numbers to receive campus emergency alerts.

The university says its biggest line of defense is a force of 24 police officers.

"We are really encouraging and sending the message to our officers we want them on campus, more visible, walking through high traffic areas," Commander Todd Renwick of the UNR Police said.

Students say they notice the police presence.

"I do feel safe I see them everywhere on campus," one student said.

"I think there are a lot more cops that I've seen on campus," said another.

The police department will soon increase that force with eight new part-time reserve officers who graduated from the police academy on Monday.

Students and parents say they feel good about the security measures on campus, but some are worried about what happens when students enter the surrounding neighborhoods.

Student Leslie Berberic lives off campus. She says most UNR students spend time off campus.

"I think it would help safety a lot more to patrol a few blocks around (campus)," she said.

Two long-time UNR officers, who did not want to be identified, agree with Berberic. They said they get phone calls from at least two parents a day asking why the campus police aren't patrolling the surrounding neighborhoods.

UNR Police leadership say it's not that the areas around campus aren't important to student safety, it's just not their main focus.

The Reno Police Department is in charge of patrolling the neighborhoods around campus. Commander John Catalano says the Reno Police Department said they are taking extra precautions now that students are back on campus. The department has added four more officers to the area.

The UNR Police Department does have an agreement with the Reno and Sparks Police Departments and the Washoe County Sheriff's office that allows UNR officers to assist with neighborhood patrols. Two UNR officers said, however, the UNR Police Chief discourages them from making proactive patrols.

Michelle Obama’s Two Americas

By Byron York

At the convention, a new and radically different message from the candidate’s wife.
Denver — Near the end of Michelle Obama’s speech to the Democratic National Convention Monday night, I got an e-mail from a friend who had been with me at another speech by Mrs. Obama, in Charlotte, North Carolina, last May, on the eve of that state’s primary. “This isn’t the Michelle we know,” my friend said. And indeed, Mrs. Obama’s speech to the delegates here in Denver was worlds away from her address in Charlotte.

In Denver, Michelle Obama described America as a place of hope, a place where people find success during the course of “improbable journeys.” In Charlotte, her America was a dark and ugly place, where people who work hard are knocked down by sinister forces — a place where even young children burst into tears when they realize the deck is stacked against them.


In Denver, Mrs. Obama said, “My piece of the American Dream is a blessing hard won by those who came before me.” Those forebears, she explained, were “driven by the same conviction that drove my dad to get up an hour early each day to painstakingly dress himself for work — the same conviction that drives the men and women I’ve met all across this country…That’s why I love this country.”

In Charlotte, Mrs. Obama said, “We’re still living in a time and in a nation where the bar is set, right?…You start working hard and sacrificing and you think you’re getting close to that bar, you’re working and you’re struggling, and then what happens? They raise the bar…keep it just out of reach.”

Had something changed in the last few months? In the early primaries, Mrs. Obama often gave complaining speeches. It was in late February that she said the now-famous words, “For the first time in my adult life, I am proud of my country, because it feels like hope is finally making a comeback.” In other speeches, she grumbled — sometimes at length — about having to pay back her college loans. And she, as much as her husband, was associated with the anti-American rants of Rev. Jeremiah Wright.

The images began to accumulate. By the later months of the Democratic primary race, when her husband was stumbling to victory after a powerful stretch of wins in February, Mrs. Obama’s approval ratings began to slip. She was still not widely known at the time, but it seemed the more voters got to know her, the more they began to have reservations about her.

In May, the Pew Research Center found that 22 percent of people polled had an unfavorable opinion of Mrs. Obama. In July, an Associated Press poll showed that she had a 35 percent unfavorable rating — versus a 30 percent favorable figure. A couple of weeks ago, a the Rasmussen polling organization found that 43 percent of voters had an unfavorable impression of Mrs. Obama. (Of them, Rasmussen said, 24 percent said they had a very unfavorable view of her.)

The numbers were simply terrible for a candidate’s wife — not all that different from Hillary Clinton’s numbers, even though the former First Lady has been in the spotlight for much longer and was a candidate in her own right.

More recent polls have had slightly better news for Mrs. Obama. A few days ago, a Washington Post/ABC News poll showed her with a 30-percent unfavorable rating and a favorable rating that had inched up to 51 percent. Still, Mrs. Obama’s unfavorable numbers remain significant — and well above those of the Republican would-be First Lady, Cindy McCain.

So here in Denver Mrs. Obama had a job to do. It wasn’t just to introduce Americans to the Obama family or show another side of her husband’s personality. It was to rehabilitate herself, to take the edge of anger and resentment from her public pronouncements and embrace a wholesome, country-loving, American-Dream-living image. And that’s what her speech at the
convention was about.

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In the comfort of Islamic finance

By Umesh Desai, Reuters - GulfNews.com

The global credit crisis presents the $1 trillion Islamic finance industry with an opportunity to expand its appeal beyond devout Muslim investors as a haven from speculative excess.

The message may have particular resonance in the West after the collapse of the US mortgage market left banks holding hundreds of billions of dollars of nearly worthless credit instruments tied to home loans by a web of complex structures.

While conventional banks are nursing losses of more than $400 billion from the credit crisis, Islamic banks are virtually unscathed. The industry is playing up the contrast to scalded shareholders, bondholders and borrowers and fearful depositors.

"It's very much a return to old fashioned conservative lending," said David Testa, chief executive of Gatehouse Bank which began operations in April as Britain's fifth Islamic bank.

"The current global market condition has given Islamic finance a great opportunity to show what it can do - help to fill the liquidity gap," he said.

There is some merit in the argument.

Investors traumatised by the global crisis may seek comfort from the stricter rules imposed on lending by Islamic law, banning certain structures and funding methods which fast unravelled during the US mortgage crisis.

Testa said Islamic finance practices were more fiscaly conservative, with genuine end-investor participation that did not involve parking of assets in off-balance-sheet vehicles.

"They don't allow infinite leverage and the structure that you will be seeing increasingly will be tied ever more closely to underlying assets. This is the right time for Islamic fin-ance to spread its wings," he said.

Islamic finance is based on the Sharia or Islamic law. It requires that gains be derived from ethical and socially responsible investments and frowns on interest-based banking and sectors such as pork, gaming and pornography.

The Asian Development Bank estimates Islamic assets globally aggregate around $1 trillion with annual growth of 10 to 15 per cent a year.

Saudi Arabia's Al Rajhi Bank and Kuwait Finance House are the two biggest Islamic banks in the Gulf region. Malaysia's biggest Islamic lender is Maybank Islamic Bhd, subsidiary of Malayan Banking Bhd.

Popular

The jump in popularity of Islamic finance is drawing the interest of companies outside the Middle East.

Southeast Asia's second-largest developer, City Developments, said last week it may launch Islamic debt and sell hotels to boost its financial prowess to make acquisitions.

The Islamic finance industry, which was nearly non-existent 30 years ago, has certain distinguishing features which make it less risk-prone, analysts say.

Islamic bonds, or sukuk, replace coupons with payouts backed by tangible assets.

Islamic law prohibits the payment of interest and requires transactions to be linked to assets, thus deterring the kind of complexities prevalent in conventional financing.

"The really complex products like CDO [collateralised debt obligations] squared, which has such a remote link from the asset that you can't tell when it is defaulting, can't happen in Islamic finance because debt cannot qualify as an asset," said Dubai-based Debashis Dey, head of capital markets with law firm Clifford Chance LLP.

He added that while Islamic finance was adapting conventional products to make them Sharia-compliant, it was a long way from sophisticated products such as CDOs. "The complexity of trying to adapt even some straightforward conventional products like securitised products is daunting enough, let alone trying to think of a CDO," Dey said.

But while Islamic products are coming into favour, analysts say market commentators and intermediaries may be too zealous in promoting the merits of Islamic finance as a safe-haven product.

Mohammad Damak of Standard & Poor's cites the case of the Gulf's boom in real estate financing mainly by Islamic banks in the past three years amid soaring property prices.

"A correction of the real estate sector would impact Islamic banks involved in this business line. Islamic finance is not immune from risk," he said.

Even as experts are weighing the degree of insularity that Islamic finance provides, there are differences in the way accounts are prepared and in how Sharia law is interpreted.

Lack of standardisation

Banks in Britain differ in their accounting operations from banks in Bahrain, for example, which in turn differ from banks in Malaysia and Indonesia.

Clifford Chance's Dey says the lack of standardisation poses a hurdle to growth, but there are others who say a cookie cutter approach is not desirable and differences will remain.

"Complete standardisation may not happen - there will always be variants," said Raj Maiden, managing director at Five Pillars Pte Ltd, who feels it is more important to tailor products according to the needs of each market. "Let us not try to design a product that will sell in every market. Some standardisation may be required but it may not be an absolute hindrance to growth."

While the debate rages on whether Islamic finance provides a safer bet or is merely an object of irrational exuberance, most agree it should leverage on the attention it is receiving now. "If Islamic banks step up to the mark, then they will gain traction," said Gatehouse's Testa.

Georgia and Kosovo: A Single Intertwined Crisis

(Compiler's note: Clearly the principles of the U.S. Constitution were NOT meant only to be studied but to be applied. In light of this article and many other events in world history, that, then, continues to be the challenge. Also to be rediscovered is the writing of George Washington who said that " temporary alliances" may be justified for "extraordinary emergencies," but otherwise, "harmony, liberal intercourse with all nations are recommended by policy, humanity, and interest." Fitzpatrick, The Writings of George Washington, 35:231. One can only come to understand that our founding fathers in their policy for the overall defense of our nation was NOT one of "isolationism" but one of "separatism" -- without entangling ourselves in the quarrels of other nations. They intended that we become strong and independent, but NOT the policemen of the world.)

By George Friedman

The Russo-Georgian war was rooted in broad geopolitical processes. In large part it was simply the result of the cyclical reassertion of Russian power. The Russian empire — czarist and Soviet — expanded to its borders in the 17th and 19th centuries. It collapsed in 1992. The Western powers wanted to make the disintegration permanent. It was inevitable that Russia would, in due course, want to reassert its claims. That it happened in Georgia was simply the result of circumstance.

There is, however, another context within which to view this, the context of Russian perceptions of U.S. and European intentions and of U.S. and European perceptions of Russian capabilities. This context shaped the policies that led to the Russo-Georgian war. And those attitudes can only be understood if we trace the question of Kosovo, because the Russo-Georgian war was forged over the last decade over the Kosovo question.

Yugoslavia broke up into its component republics in the early 1990s. The borders of the republics did not cohere to the distribution of nationalities. Many — Serbs, Croats, Bosnians and so on — found themselves citizens of republics where the majorities were not of their ethnicities and disliked the minorities intensely for historical reasons. Wars were fought between Croatia and Serbia (still calling itself Yugoslavia because Montenegro was part of it), Bosnia and Serbia and Bosnia and Croatia. Other countries in the region became involved as well.

One conflict became particularly brutal. Bosnia had a large area dominated by Serbs. This region wanted to secede from Bosnia and rejoin Serbia. The Bosnians objected and an internal war in Bosnia took place, with the Serbian government involved. This war involved the single greatest bloodletting of the bloody Balkan wars, the mass murder by Serbs of Bosnians.

Here we must pause and define some terms that are very casually thrown around. Genocide is the crime of trying to annihilate an entire people. War crimes are actions that violate the rules of war. If a soldier shoots a prisoner, he has committed a war crime. Then there is a class called “crimes against humanity.” It is intended to denote those crimes that are too vast to be included in normal charges of murder or rape. They may not involve genocide, in that the annihilation of a race or nation is not at stake, but they may also go well beyond war crimes, which are much lesser offenses. The events in Bosnia were reasonably deemed crimes against humanity. They did not constitute genocide and they were more than war crimes.

At the time, the Americans and Europeans did nothing about these crimes, which became an internal political issue as the magnitude of the Serbian crimes became clear. In this context, the Clinton administration helped negotiate the Dayton Accords, which were intended to end the Balkan wars and indeed managed to go quite far in achieving this. The Dayton Accords were built around the principle that there could be no adjustment in the borders of the former Yugoslav republics. Ethnic Serbs would live under Bosnian rule. The principle that existing borders were sacrosanct was embedded in the Dayton Accords.

In the late 1990s, a crisis began to develop in the Serbian province of Kosovo. Over the years, Albanians had moved into the province in a broad migration. By 1997, the province was overwhelmingly Albanian, although it had not only been historically part of Serbia but also its historical foundation. Nevertheless, the Albanians showed significant intentions of moving toward either a separate state or unification with Albania. Serbia moved to resist this, increasing its military forces and indicating an intention to crush the Albanian resistance.

There were many claims that the Serbians were repeating the crimes against humanity that were committed in Bosnia. The Americans and Europeans, burned by Bosnia, were eager to demonstrate their will. Arguing that something between crimes against humanity and genocide was under way — and citing reports that between 10,000 and 100,000 Kosovo Albanians were missing or had been killed — NATO launched a campaign designed to stop the killings. In fact, while some killings had taken place, the claims by NATO of the number already killed were false. NATO might have prevented mass murder in Kosovo. That is not provable. They did not, however, find that mass murder on the order of the numbers claimed had taken place. The war could be defended as a preventive measure, but the atmosphere under which the war was carried out overstated what had happened.

The campaign was carried out without U.N. sanction because of Russian and Chinese opposition. The Russians were particularly opposed, arguing that major crimes were not being committed and that Serbia was an ally of Russia and that the air assault was not warranted by the evidence. The United States and other European powers disregarded the Russian position. Far more important, they established the precedent that U.N. sanction was not needed to launch a war (a precedent used by George W. Bush in Iraq). Rather — and this is the vital point — they argued that NATO support legitimized the war.

This transformed NATO from a military alliance into a quasi-United Nations. What happened in Kosovo was that NATO took on the role of peacemaker, empowered to determine if intervention was necessary, allowed to make the military intervention, and empowered to determine the outcome. Conceptually, NATO was transformed from a military force into a regional multinational grouping with responsibility for maintenance of regional order, even within the borders of states that are not members. If the United Nations wouldn’t support the action, the NATO Council was sufficient.

Since Russia was not a member of NATO, and since Russia denied the urgency of war, and since Russia was overruled, the bombing campaign against Kosovo created a crisis in relations with Russia. The Russians saw the attack as a unilateral attack by an anti-Russian alliance on a Russian ally, without sound justification. Then-Russian President Boris Yeltsin was not prepared to make this into a major confrontation, nor was he in a position to. The Russians did not so much acquiesce as concede they had no options.

The war did not go as well as history records. The bombing campaign did not force capitulation and NATO was not prepared to invade Kosovo. The air campaign continued inconclusively as the West turned to the Russians to negotiate an end. The Russians sent an envoy who negotiated an agreement consisting of three parts. First, the West would halt the bombing campaign. Second, Serbian army forces would withdraw and be replaced by a multinational force including Russian troops. Third, implicit in the agreement, the Russian troops would be there to guarantee Serbian interests and sovereignty.

As soon as the agreement was signed, the Russians rushed troops to the Pristina airport to take up their duties in the multinational force — as they had in the Bosnian peacekeeping force. In part because of deliberate maneuvers and in part because no one took the Russians seriously, the Russians never played the role they believed had been negotiated. They were never seen as part of the peacekeeping operation or as part of the decision-making system over Kosovo. The Russians felt doubly betrayed, first by the war itself, then by the peace arrangements.

The Kosovo war directly effected the fall of Yeltsin and the rise of Vladimir Putin. The faction around Putin saw Yeltsin as an incompetent bungler who allowed Russia to be doubly betrayed. The Russian perception of the war directly led to the massive reversal in Russian policy we see today. The installation of Putin and Russian nationalists from the former KGB had a number of roots. But fundamentally it was rooted in the events in Kosovo. Most of all it was driven by the perception that NATO had now shifted from being a military alliance to seeing itself as a substitute for the United Nations, arbitrating regional politics. Russia had no vote or say in NATO decisions, so NATO’s new role was seen as a direct challenge to Russian interests.

Thus, the ongoing expansion of NATO into the former Soviet Union and the promise to include Ukraine and Georgia into NATO were seen in terms of the Kosovo war. From the Russian point of view, NATO expansion meant a further exclusion of Russia from decision-making, and implied that NATO reserved the right to repeat Kosovo if it felt that human rights or political issues required it. The United Nations was no longer the prime multinational peacekeeping entity. NATO assumed that role in the region and now it was going to expand all around Russia.

Then came Kosovo’s independence. Yugoslavia broke apart into its constituent entities, but the borders of its nations didn’t change. Then, for the first time since World War II, the decision was made to change Serbia’s borders, in opposition to Serbian and Russian wishes, with the authorizing body, in effect, being NATO. It was a decision avidly supported by the Americans.

The initial attempt to resolve Kosovo’s status was the round of negotiations led by former Finnish President Martti Ahtisaari that officially began in February 2006 but had been in the works since 2005. This round of negotiations was actually started under U.S. urging and closely supervised from Washington. In charge of keeping Ahtisaari’s negotiations running smoothly was Frank G. Wisner, a diplomat during the Clinton administration. Also very important to the U.S. effort was Assistant Secretary of State for European and Eurasian Affairs Daniel Fried, another leftover from the Clinton administration and a specialist in Soviet and Polish affairs.

In the summer of 2007, when it was obvious that the negotiations were going nowhere, the Bush administration decided the talks were over and that it was time for independence. On June 10, 2007, Bush said that the end result of negotiations must be “certain independence.” In July 2007, Daniel Fried said that independence was “inevitable” even if the talks failed. Finally, in September 2007, Condoleezza Rice put it succinctly: “There’s going to be an independent Kosovo. We’re dedicated to that.” Europeans took cues from this line.

How and when independence was brought about was really a European problem. The Americans set the debate and the Europeans implemented it. Among Europeans, the most enthusiastic about Kosovo independence were the British and the French. The British followed the American line while the French were led by their foreign minister, Bernard Kouchner, who had also served as the U.N. Kosovo administrator. The Germans were more cautiously supportive.

On Feb. 17, 2008, Kosovo declared independence and was recognized rapidly by a small number of European states and countries allied with the United States. Even before the declaration, the Europeans had created an administrative body to administer Kosovo. The Europeans, through the European Union, micromanaged the date of the declaration.

On May 15, during a conference in Ekaterinburg, the foreign ministers of India, Russia and China made a joint statement regarding Kosovo. It was read by the Russian host minister, Sergei Lavrov, and it said: “In our statement, we recorded our fundamental position that the unilateral declaration of independence by Kosovo contradicts Resolution 1244. Russia, India and China encourage Belgrade and Pristina to resume talks within the framework of international law and hope they reach an agreement on all problems of that Serbian territory.”

The Europeans and Americans rejected this request as they had rejected all Russian arguments on Kosovo. The argument here was that the Kosovo situation was one of a kind because of atrocities that had been committed. The Russians argued that the level of atrocity was unclear and that, in any case, the government that committed them was long gone from Belgrade. More to the point, the Russians let it be clearly known that they would not accept the idea that Kosovo independence was a one-of-a-kind situation and that they would regard it, instead, as a new precedent for all to follow.

The problem was not that the Europeans and the Americans didn’t hear the Russians. The problem was that they simply didn’t believe them — they didn’t take the Russians seriously. They had heard the Russians say things for many years. They did not understand three things. First, that the Russians had reached the end of their rope. Second, that Russian military capability was not what it had been in 1999. Third, and most important, NATO, the Americans and the Europeans did not recognize that they were making political decisions that they could not support militarily.

For the Russians, the transformation of NATO from a military alliance into a regional United Nations was the problem. The West argued that NATO was no longer just a military alliance but a political arbitrator for the region. If NATO does not like Serbian policies in Kosovo, it can — at its option and in opposition to U.N. rulings — intervene. It could intervene in Serbia and it intended to expand deep into the former Soviet Union. NATO thought that because it was now a political arbiter encouraging regimes to reform and not just a war-fighting system, Russian fears would actually be assuaged. To the contrary, it was Russia’s worst nightmare. Compensating for all this was the fact that NATO had neglected its own military power. Now, Russia could do something about it.

At the beginning of this discourse, we explained that the underlying issues behind the Russo-Georgian war went deep into geopolitics and that it could not be understood without understanding Kosovo. It wasn’t everything, but it was the single most significant event behind all of this. The war of 1999 was the framework that created the war of 2008.

The problem for NATO was that it was expanding its political reach and claims while contracting its military muscle. The Russians were expanding their military capability (after 1999 they had no place to go but up) and the West didn’t notice. In 1999, the Americans and Europeans made political decisions backed by military force. In 2008, in Kosovo, they made political decisions without sufficient military force to stop a Russian response. Either they underestimated their adversary or — even more amazingly — they did not see the Russians as adversaries despite absolutely clear statements the Russians had made. No matter what warning the Russians gave, or what the history of the situation was, the West couldn’t take the Russians seriously.

It began in 1999 with war in Kosovo and it ended in 2008 with the independence of Kosovo. When we study the history of the coming period, the war in Kosovo will stand out as a turning point. Whatever the humanitarian justification and the apparent ease of victory, it set the stage for the rise of Putin and the current and future crises.

Citigroup Limits Meetings, Pares Color Photocopies (Update1)

Citigroup Inc., the biggest U.S. bank by assets, banned off-site meetings among employees and cut back on color photocopying to reduce expenses as investment- banking revenue declines.

....Citigroup has declined 40 percent this year on the New York Stock Exchange, compared with 30 percent at Charlotte, North Carolina-based Bank of America Corp. and 17 percent at JPMorgan Chase & Co., based in New York. Citigroup rose 1 cent to $17.62 in composite trading at 9:34 a.m.

Financial firms globally have eliminated 101,250 jobs since the beginning of the credit crunch last year.

Merrill Lynch & Co., struggling to halt a four-quarter streak of $19 billion in losses, imposed a freeze on new hires this month and restricted the use of private jets, the Financial Times reported in July.

Deutsche Bank AG requires dealmakers to get their managers' approval for taxi trips in advance, and business meals can't exceed 50 pounds ($92) per person, the Independent newspaper reported in April.

Citigroup is also scaling back external training, which will be limited to that which is ``strictly necessary,'' ....

Beijing swells dollar reserves through stealth

Rule changes for commercial banks are acting as cover for exchange rate intervention, writes Ambrose Evans-Pritchard

China has resorted to stealth intervention in the currency markets to amass US dollars, using indirect means to hold down the yuan and ease the pain for its struggling exporters as the global slowdown engulfs the economy.

A study by HSBC's currency team in Asia has concluded that China's central bank is in effect forcing commercial banks to build up large dollar reserves, using them as arms-length proxies in a renewed campaign of exchange rate intervention.

Beijing has raised the reserve requirement for banks five times since March, quickening the pace with two half-point rises in late June.

This is having major spill-over effects into the currency markets because banks in China have been required over the last year to hold extra reserves in dollars rather than yuan. The latest moves have lifted the mandatory deposit from 15pc to 17.5pc of total lending since March.

"China has used the pretext of reserve requirement hikes to help slow yuan appreciation. We estimate that the PBOC [central bank] intervened by about $49.6bn in June," said Daniel Hui, the bank's Asia strategist.

Beijing has also slashed the amount of foreign debt banks operating in China can hold. The effect is to oblige the banks to become net buyers of dollars, halting the flow of foreign "hot money".

  • More on currencies
  • More on economics
  • More Ambrose Evans-Pritchard
  • Given the sheer scale of China's foreign reserves - now $1,800bn (£970bn) - any shift in its exchange policy now ripples around the globe. The covert buying may help to explain at least part of the explosive dollar rebound over recent weeks.

    There is little doubt that the key driver behind the wild currency ructions this summer has been the blizzard of dire data from Britain, Europe, Japan and Australasia. The mounting danger of a full-fledged recession across the club of rich OECD nations appears to have caught the markets off guard.

    The closely watched Dollar Index reached an all-time low in March. It crept up gradually in the early summer before smashing through resistance in July.

    The world's currency system is swivelling on its axis. Central banks in Asia and Europe have stopped raising rates, and some have begun to cut aggressively. The Federal Reserve is no longer nakedly exposed. Indeed, investors are already starting to look ahead to the next round of Fed tightening.

    The 18pc slide in oil prices from a peak of $147 a barrel in July has added juice to the dollar rally. Russia and the Middle East petro-powers tend to recycle a high proportion of their vast earnings from oil into the eurozone, either by purchasing European bonds or expensive imports.

    A Bundesbank study found 40 cents of every dollar spent by eurozone countries on oil imports comes back again one way or another. The figure for the US is just 10 cents. This trade bias has given oil a new character as a sort of anti-dollar driving the currency markets.

    Even so, the China effect is a key ingredient in the dollar comeback. Beijing's Politburo is clearly disturbed by the sudden downward turn in the economy as export markets freeze, and surging wage inflation in the country's manufacturing hubs eats away at profit margins.

    "They are now more worried about growth than overheating, and you are seeing that play out in the currency markets. There has been a remarkable change of view," said Simon Derrick, exchange rate chief at the Bank of New York Mellon.

    China's PMI purchasing managers index fell below 50 for the first time in July, signalling an outright contraction in manufacturing output. Hong Kong's economy contracted 1.4pc in the second quarter. The Politburo has rushed through special rebates for textile producers now caught in a ferocious downturn.

    Much of the clothing, footwear and furniture industry has been hit, leading to mass plant closures in the Pearl River Delta.

    "During the first half of this year, about 67,000 small and medium-sized companies went bankrupt throughout China, leaving more than 20m people out of work," said the National Development and Reform Commission. "Bankruptcies of textile and spinning companies have numbered more than 10,000. Two thirds are on the brink of bankruptcy."

    Last week's rebound on the Shanghai stock market stalled on fading hopes of a fiscal stimulus package. "It is unrealistic to expect the government to rescue the market," said Li Ka-shing, chairman of Hutchison. "Speculators should be very cautious now. The worst is not over in the global credit crisis."

    Lehman Brothers warns of a risk that a housing slump and the 55pc equity crash since October could combine with a global downturn to set off a "vicious cycle". House prices have already fallen 18pc in Guangzhou and 9pc in Beijing. Prices are now falling in cities that make up over half China's population.

    Iraqi Billionaire Threatens Reporters Investigating Rezko Affair

    Why aren’t the American media investigating the role of British billionaire businessman Nadhmi Auchi in supplying loans to Barack Obama fundraiser Tony Rezko? Some point to media bias, but there is another factor. Working for Auchi, who was born in Iraq, attorneys from London law firm Carter-Ruck have for several months been flooding American and British newspapers and websites with letters demanding removal of material they deem “defamatory” to their client.

    In its June 28 edition, British satirical magazine Private Eye explains: “Until Carter-Ruck and Partners and England’s stifling libel laws got to work, the few American journalists not caught up in Obama-mania were turning to the archives of the British press to answer an intriguing question: who is Nadhmi Auchi?”

    ...A secret $3.5 million loan from an Auchi company to key early-money Barack Obama fundraiser Antoin Rezko was exposed while Rezko was awaiting trial on fraud and money-laundering charges earlier this year....

    Barack Obama through Muslim Eyes

    (Compiler's note: American voters understand the impact of this information BEFORE voting for the next President of the United States.)

    by Daniel Pipes

    How do Muslims see Barack Hussein Obama? They have three choices: either as he presents himself – someone who has "never been a Muslim" and has "always been a Christian"; or as a fellow Muslim; or as an apostate from Islam.

    Reports suggests that while Americans generally view the Democratic candidate having had no religion before converting at Reverend Jeremiah Wrights's hands at age 27, Muslims the world over rarely see him as Christian but usually as either Muslim or ex-Muslim.

    Lee Smith of the Hudson Institute explains why: "Barack Obama's father was Muslim and therefore, according to Islamic law, so is the candidate. In spite of the Quranic verses explaining that there is no compulsion in religion, a Muslim child takes the religion of his or her father. … for Muslims around the world, non-American Muslims at any rate, they can only ever see Barack Hussein Obama as a Muslim." In addition, his school record from Indonesia lists him as a Muslim

    Thus, an Egyptian newspaper, Al-Masri al-Youm, refers to his "Muslim origins." Libyan ruler Mu‘ammar al-Qaddafi referred to Obama as "a Muslim" and a person with an "African and Islamic identity." One Al-Jazeera analysis calls him a "non-Christian man," a second refers to his "Muslim Kenyan" father, and a third, by Naseem Jamali, notes that "Obama may not want to be counted as a Muslim but Muslims are eager to count him as one of their own."

    A conversation in Beirut, quoted in the Christian Science Monitor, captures the puzzlement. "He has to be good for Arabs because he is a Muslim," observed a grocer. "He's not a Muslim, he's a Christian," replied a customer. Retorted the grocer: "He can't be a Christian. His middle name is Hussein." Arabic discussions of Obama sometimes mention his middle name as a code, with no further comment needed.

    "The symbolism of a major American presidential candidate with the middle name of Hussein, who went to elementary school in Indonesia," reports Tamara Cofman Wittes of the Brookings Institution from a U.S.-Muslim conference in Qatar, "that certainly speaks to Muslims abroad." Thomas L. Friedman of the New York Times found that Egyptians "don't really understand Obama's family tree, but what they do know is that if America — despite being attacked by Muslim militants on 9/11 — were to elect as its president some guy with the middle name ‘Hussein,' it would mark a sea change in America-Muslim world relations."

    Some American Muslim leaders also perceive Obama as Muslim. The president of the Islamic Society of North America, Sayyid M. Syeed, told Muslims at a conference in Houston that whether Obama wins or loses, his candidacy will reinforce that Muslim children can "become the presidents of this country." The Nation of Islam's Louis Farrakhan called Obama "the hope of the entire world" and compared him to his religion's founder, Fard Muhammad.

    But this excitement also has a dark side – suspicions that Obama is a traitor to his birth religion, an apostate (murtadd) from Islam. Al-Qaeda has prominently featured Obama's stating "I am not a Muslim" and one analyst, Shireen K. Burki of the University of Mary Washington, sees Obama as "bin Laden's dream candidate." Should he become U.S. commander in chief, she believes, Al-Qaeda would likely "exploit his background to argue that an apostate is leading the global war on terror … to galvanize sympathizers into action."

    Mainstream Muslims tend to tiptoe around this topic. An Egyptian supporter of Obama, Yasser Khalil, reports that many Muslims react "with bewilderment and curiosity" when Obama is described as a Muslim apostate; Josie Delap and Robert Lane Greene of the Economist even claim that the Obama-as-apostate theme "has been notably absent" among Arabic-language columnists and editorialists.

    That latter claim is inaccurate, for the topic is indeed discussed. At least one Arabic-language newspaper published Burki's article. Kuwait's Al-Watan referred to Obama as "a born Muslim, an apostate, a convert to Christianity." Writing in the Arab Times, Syrian liberal Nidal Na‘isa repeatedly called Obama an "apostate Muslim."

    In sum, Muslims puzzle over Obama's present religious status. They resist his self-identification as a Christian while they assume a baby born to a Muslim father and named "Hussein" began life a Muslim. Should Obama become president, differences in Muslim and American views of religious affiliation will create problems.


    Aug. 25, 2008 update: This is the fourth in a series of articles I have published on Barack Obama's ties to Islam. The prior three:

    "Was Barack Obama a Muslim?" FrontPageMag.com, December 24, 2007. Raises questions about Obama's childhood religion and considers some implications.

    "Confirmed: Barack Obama Practiced Islam." FrontPageMag.com, January 7, 2008. Replies to a critique of the prevous article by "Media Matters for America."

    "Barack Obama's Muslim Childhood." Jerusalem Post, May 1, 2008. Pulls together existing information on Obama's childhood religion.

    Charity 'unwittingly' pays for terror?

    LONDON -- Britain's intelligence agency MI5 is investigating how the nation's major telethon to raise money for the Children In Need charity has "unwittingly provided money" that was used to recruit and train terrorists involved in attacks, including the London bombings that killed 52 people in July 2005 ....

    The claims center on a surveillance operation by the Security Service.

    Last week it was confirmed that about $40,000 was given by the charity -- which raises $60 million through the telethon every year to benefit children in the UK -- to the Leeds Community School in Beeston, Yorkshire, located behind the Iqra Islamic bookshop.

    Both the bookshop and school were registered charities -- making them eligible to receive tax-free donations. In their application for charity status, both claimed: "Our aim is the advancement of the Islamic faith."

    But it has emerged that Sidique Khan, the mastermind of the London bombers, and Shehzad Tanweer, who had been one of the bombers, were trustees of both the school and the bookshop. Both men have been identified as having been trained in Pakistan by al-Qaida. ....

    Prayer in public: Can you still say 'Jesus'?

    ACLU sues to stop clergy from invoking 'religious messages' at meetings

    The American Civil Liberties Union is asking the 11th U.S. Circuit Court of Appeals to stop a suburban Atlanta county from opening its meetings with prayers that mention "Jesus" or other "sectarian" references, claiming the invocations represent government favoritism of Christianity. ....

    Alan Keyes: Voters should say 'no'

    'Ultimate say is in hands of people'

    Ambassador Alan Keyes, who at one point sought the Republican nomination for president, now says the leading candidates for president – Democrat Sen. Barack Obama and GOP Sen. John McCain – both represent the kind of government colonists founded the U.S. to escape.

    ....many people also are realizing the need for their leaders to stand for consistently moral principles, "so that we will not violate the fundamentals, the premise that we're all created equal, that our rights come from God and must be exercised with respect for God's authority."

    "Obama rejects it. McCain rejects it," he said. "Others are paying lip service."

    "The survival of the American republic, the survival of our liberty and the people is being decided in this election year," Keyes said.

    ICE Arrests 350 in Miss. Raid

    Immigration and Customs Enforcement arrested more than 350 suspected illegal workers yesterday at the Howard Industries plant in Laurel, Mississippi.

    The Howard Industries plant in Laurel produces electrical transformers.

    .... In 2002, Mississippi state lawmakers approved more than $30 million in funding to help expand the Howard Industries plant. ....

    Rice urges Israel to split Jerusalem

    JERUSALEM – Secretary of State Condoleezza Rice, completing a visit to the region today, has been pressing Israel to sign a document by the end of the year that would divide Jerusalem by offering the Palestinians a state in Israel's capital city as well as in the West Bank and Gaza Strip, according to top diplomatic sources involved in the talks.

    The Israeli team, led by Prime Minister Ehud Olmert, has been negotiating the division of Jerusalem – despite claims to the contrary – but would rather conclude an agreement on paper by the end of the year that would give the Palestinians a state in the West Bank, Gaza and some Israeli territory, leaving conclusions on Jerusalem for a later date, the informed diplomatic sources told WND.

    The sources said the Palestinian team has been pushing to conclude a deal by January on all core issues, including Jerusalem, and has been petitioning the U.S. to pressure Israel into signing an agreement on paper that offers the Palestinians eastern Jerusalem.....