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From Author Chuck Coppes: America's Financial Reckoning Day
Global News Watch
Date Link Article
July 03, 2008 Sharia law SHOULD be used in Britain, says UK's top judge
The Mail
The most senior judge in England tonight gave his blessing to the use of sharia law to resolve disputes among Muslims.
July 02, 2008 Globalization dilutes U.S. securities regulations & standards
Bloomberg
The Securities and Exchange Commission proposed a new rule last week that might have passed you by. I'm alerting you here because it speaks volumes about where trading is going in the U.S. For many, it offers new opportunities. We'll also be importing new risks, in the future, that we may regret.
June 30, 2008 BIS: ‘The Unsustainable Has Run Its Course’
Wall Street Journal
For central bankers from around the world gathered in Basel for the Bank for International Settlements annual meeting Sunday and Monday, the the 78th annual report made for chastening reading. Not only does it highlight the difficulty of the dilemma facing central banks confronted with slowing growth at a time when inflationary pressures are rising, it also lays much of the blame for their predicament at the feet of the central banks themselves. Here are the report’s introduction and conclusion:
June 30, 2008 BIS says global downturn could be 'deeper and more protracted' than expected
Miscellaneous
The downturn in the world economy could be deeper and more protracted than expected as a result of the ongoing turmoil in financial markets, the Bank for International Settlements said.
June 27, 2008 Fed saved Bear to avert 'contagion'
Associated Press
The Federal Reserve scrambled to avert an "expected contagion" that risked infecting the nation's financial system when its took unprecedented actions in mid-March to provide financial backing to a Bear Stearns rescue package and provide emergency loans to big Wall Street firms.
June 27, 2008 Barclays warns of a financial storm as Federal Reserve's credibility crumbles
Telegraph (UK)
Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall "below zero".
June 26, 2008 Kohn: Food, fuel highs are temporary
CNNMoney
Growing economies could contain inflation by curbing their appetite for commodities, the vice chairman of the Federal Reserve said in a speech Thursday.
June 25, 2008 Hindus pray for Obama's success, donate idol
Miscellaneous
Democratic presidential candidate Barack Obama can now expect help from an unexpected quarter — Lord Hanuman.
June 25, 2008 Banned: Criticising Islam at U.N. Human Rights Council
Miscellaneous
The war against free speech is advancing rapidly: Associated Press reported Thursday that “Muslim countries have won a battle to prevent Islam from being criticised during debates by the UN Human Rights Council.” Council President Doru-Romulus Costea explained that religious issues can be “very complex, very sensitive and very intense…This council is not prepared to discuss religious matters in depth, consequently we should not do it.” Henceforth only religious scholars would be permitted to broach them.
June 19, 2008 'Global warming' scheme to push global tax
Worldnet Daily
A scientist whose reservations about "global warming" have been officially endorsed by tens of thousands of other scientists is accusing the U.N. of using "mob rule" to generate fear-mongering climate change reports intended to scare national leaders into submitting to its worldwide taxation schemes.
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