If the decline in the Portuguese money supply for September is annualized, it will shrink by more than 20 percent, presaging more economic difficulties for a country already reeling from austerity measures imposed by the European Union. Measures of money supply are watched carefully by economists as a portent for economic behavior over the coming six to 12 months.
Following the Eurozone summit meeting in Brussels, European Council President Herman Van Rompuy announced the results of the late-night negotiations: "From a series of national debt crises, the situation was evolving into a systemic concern, threatening the stability of the Eurozone as a whole. This threat has been contained."
A housing manager in Britain has been demoted for speaking out against homosexual marriage. So now, aside from not being able to speak about the danger of Islam, Britons may not mention any problems with the Love That Dare Not Speak Its Name.
According to London’s Daily Mail, the Trafford Housing Trust (logo at left) socked manager Adrian Smith, a Christian, with a demotion and $22,000 pay cut for crossing what it says is the line between free speech and homophobia.
According to the United Nations, the earth’s population will reach seven billion by October 31. For the world body, however, that is not something to celebrate. In fact, the UN Population Fund is focused on ways to decrease the world’s population, and has selected October 31, “7 Billion Day,” as a day to raise awareness about “sustainable development.”
A “global political authority” and a “central world bank”: These are the solutions that the Pontifical Council for Justice and Peace recommends for the worldwide financial crisis. “Towards Reforming the International Financial and Monetary Systems in the Context of Global Public Authority,” the document outlining the council’s recommendations, is, in the words of author and Roman Catholic Thomas E. Woods, Jr., “deeply confused,” at once recognizing that central bank-driven inflation and easy credit are at the root of the world’s financial woes and prescribing even bigger government and more highly centralized banking as the cure.
Are the days of the European Union coming to an end? The riots in Athens, the popularity of the True Finns Party in Helsinki, and the growing tension between Paris and Berlin all indicate that more and more Europeans are seeing themselves as citizens of nations, rather than members of an amorphous bureaucracy headquartered in Brussels. In fact, the folks in Brussels are looking at a nation unable to form a government at all and teetering on the brink of splitting into the two logical nationalities — Flemish and Walloon — which language, religion, and custom divide more than unite.
Afghan “President” Hamid Karzai, who rose to power with massive U.S. assistance, promised that the regime ruling Afghanistan would support the Pakistani government if a war broke out between America and Pakistan.
Even as the National Transitional Council (NTC) declared Libya “liberated” following the violent death of former strongman Col. Muammar Gadhafi, analysts were warning that civil war might continue to rage on as militia groups and armed factions struggle to seize power. And with real elections tentatively scheduled for 2013 at the earliest, the worst may be yet to come.
With public discontent growing over the burgeoning number of foreigners flooding into their country, many Britons are expecting their government to restrict immigration, and require immigrants to speak English before being allowed into their nation.
While some are still questioning the validity of yesterday's breaking news of the killing of Libyan leader Moammar Gadhafi, the United Nations Human Rights Council has accepted it as a reality and is now calling for an investigation into the circumstances surrounding his death. Questions are focusing on what occurred in the interim between Gadhafi's capture and his death — and exactly how he died.
The Vatican on October 19 sent a message to Hindu leaders asking them to resist “hateful propaganda” against Christians and allowing Christians to practice their faith in peace. A principal cause of conflict is the conversion to Christianity of Dalits or “untouchables.” The aggression against Christians stretches across much of India, from the eastern state of Orissa to the southwest state of Kerala.