COGwriter Financial problems for banks are not over: Big Banks Face Financial Doomsday in 2012 Daily Finance, AOL Money & Finance – May 28, 2010 By PALLAVI GOGOI… Finally, the vast amounts of government-backed cheap capital that these banks raised in the financial markets in 2009, will all have to be refinanced in 2012 at interest […]
Month: May 2010
German President Quits
Horst Köhler (left) with U2’s Bono COGwriter The following was in the news today: German President Quits Over Remarks on Military By JUDY DEMPSEY Published: May 31, 2010 BERLIN — President Horst Köhler of Germany resigned on Monday amid a barrage of criticism for remarks he made a week ago during a surprise visit to […]
Israel Readies Submarines Near Iran
Israeli Dolphin Class Submarine COGwriter In a move that was not unexpected, Israel has indicated that it intends to take some steps to prepare to deal with a potential threat in the Middle East: Israel stations nuclear missile subs off Iran Sunday Times, UK – May 30, 2010 Three German-built Israeli submarines equipped with nuclear cruise […]
Might Water Shortages Contribute to the Rise of the King of the South
جامعة الدول العربية Jāmaʻat ad-Duwwal al-ʻArabiyya Arab League Flag COGwriter In its latest weekly update, LCG had the following two world news items: Water Woes in Egypt. The Nile River flows through 10 nations before reaching Egypt. It is Egypt’s major source of fresh water. Experts estimate that Egypt’s demand for water will exceed its […]
WCG and the Origin of the Trinity
COGwriter The above drawing is used by Trinitarians to explain the Trinity, even though it clearly violates laws of logic. Today is known as “Trinity Sunday”. This “holiday”, like many observed throughout the world, does not have a biblical basis, nor was it observed by the early church. The Catholic Encyclopedia confirms this as it […]
COGUK Urges Christians to Vote
COGwriter In its latest OUTREACH Newsletter, COGUK urges Christians to vote: The Anglo-Saxon model of ‘representative democracy’ allows—at least for now!—Christians locally and nationally to potentially influence (or express an opinion on) key issues. Our ‘world view’ based as it must be on the Christian Scriptures, however, is too often contrary to that of ‘the […]
Volcanos in Guatemala and Ecuador, Earthquake Risk on USA East
Earthquake Damage in Port-au-Prince COGwriter Guatemala and Ecuador: Ecuador and Guatemala volcanoes erupt May 30, 2010 In Ecuador, the Tungurahua volcano exploded into action on Friday, forcing evacuation of at least seven villages and closing down the airport and public schools in Guayaquil, the country’s largest and most populated city. On the same day in […]
LCG on UK’s David Cameron’s “Veto Warning”
David Cameron COGwriter The following is from LCG’s latest news update: EU Difficulties Ahead. Following an emergency meeting with Angela Merkel, Prime Minister David Cameron recently “signaled he was ready to veto any EU treaty to prop up the ailing euro—as he sought to calm pressure within his own party for a referendum on Europe.” […]
Will Japan Re-Arm?
Tokyo, Japan COGwriter Japan has become increasingly concerned about its military defensiveness: Japanese, U.S. Seal Okinawa Base Deal Wall Street Journal – May 28, 2010 TOKYO—The Japanese government issued a joint statement with the U.S. formally sealing a controversial agreement to keep a large number of Marines on the southern island of Okinawa, after the […]
Obama, the Oil Spill, COGwriter Radio, and the End
Horizon Oil Spill COGwriter US President Obama is to view some of the damage related to the oil spill today: Obama heads to Gulf Coast a second time as oil spill’s impact grows By Joel Achenbach, David A. Fahrenthold and William Branigin Washington Post Staff Writer Friday, May 28, 2010; 9:05 AM As President Obama […]