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Tuesday,19.April.11

Click on text to open full article                 ShareThis U.S. deficit clock 'now ticking loudly' after S&P downgrade S&P hits U.S. Standard & Poor`s dropped a bombshell into the U.S. budget debate today, downgrading the outlook for America`s debt to "negative" from "stable" and raising the stakes markedly. `There have been rumblings about the U.S. credit rating for the past two years, and Moody`s warned earlier this year that the rating could be downgraded if progress is not soon made on the $1.5-trillion budget deficit,`` said Douglas Porter, deputy chief economist at BMO Nesbitt Burns. `Still, the S&P move serves as a stark warning for policy makers to take stronger, concerted action to address the shortfall,`` Mr. Porter said in a research note after the move by the U.S. credit rating agency. `The clock is now ticking loudly on a meaningful plan to reduce the budget deficit, with S&P looking for implementation by 2013. That looks to be an... Obama Plays Down S&P Outlook Change Gold Rallies to Record High Near $1,500 an Ounce   US faces credit downgrade if debt not cut The United States has been put on notice that it faces losing its AAA credit rating unless it gets on top of its yawning debt and deficit. For the first time in history, the credit agency Standard and Poor's has downgraded America's credit outlook from stable to negative, cranking up pressure on a Congress already embroiled in a...   Sovereign debt fears put euro under pressure The embattled currency fell to as low as $1.4155 at one point as traders ignored Greece's denials that it needs to restructure its debt; Ireland's banks were cut to junk status; and Portugal's planned bailout was threatened by a possible veto from Finland. Political and monetary policy leaders across Europe appealed for calm as the yield on Irish, Greek, Portuguese and Spanish government bonds, or the premium investors charge to hold the debt, all increased. The Eurostoxx 50 volatility index jumped 19pc indicating investor alarm. Moody's Downgrades Irish Banks; All Rated 'Junk' Greece says no, but fears of debt default are mounting   S&P's $5 trillion bank doomsday tab Political gridlock and fiscal bloat aren't the United States' only problems. Those are the issues that prompted Standard & Poor's to raise a red flag over the U.S. credit rating Monday, certainly. But there's a third factor worth considering: the risk that the U.S. economy could crash, bringing down the financial sector yet again and forcing everyone but Jamie Dimon (right) and Lloyd Blankfein to dig deep into their pockets to prop it back up. While a full-fledged crash obviously is unlikely to happen, S&P is saying that cleaning up a banking mess...   China Central Bank Governor Says FX Reserves Excessive China's huge stockpile of foreign exchange reserves, the world's largest, have become excessive and the government must diversify investments using the reserves, Zhou Xiaochuan, governor of the People's Bank of China, said in comments published on Tuesday. The country's foreign exchange reserves swelled by nearly $200 billion in the first quarter of this year to more than $3 trillion, indicating hefty capital inflows, and the government has so far focused on investing mainly in U.S. dollar assets, including U.S. Treasures. "Foreign... Debt woes, China inflation overhang recovery   China rounds up worshippers from underground church Jin Tianming, pastor of the Shouwang church, was detained by Beijing police on Saturday night and released Sunday morning, Bob Fu, president of the China Aid Association, a Christian rights group, said in an email. Mr Fu said 47 Shouwang members who tried to worship in an open-air public space on Sunday were detained and all the church's pastors and leaders were put under house arrest or in detention. In an earlier statement, Mr Fu said some church members had lost their homes or jobs amid an official campaign to shut down the...   China stealth fighter "appears" to have made second flight Photographs of the J-20 stealth fighter jet prototype were circulating on online military forums, the Global Times said, but it did not confirm the flight nor the authenticity of the photographs. The photos could not be verified by Reuters. The popular tabloid, owned by the Communist Party mouthpiece, the People's Daily, showed a photograph of a grey fighter plane and a caption that said...   Was JFK killed because of his interest in aliens? Secret memo shows president demanded UFO files 10 days before death An uncovered letter written by John F Kennedy to the head of the CIA shows that the president demanded to be shown highly confidential documents about UFOs 10 days before his assassination. The secret memo is one of two letters written by JFK asking for information about the paranormal on November 12 1963, which have been released by the CIA for the first time. Author William Lester said the CIA released the documents to him under the Freedom of Information Act after he made a request while researching his new book 'A Celebration...   Secret memos expose link between oil firms and invasion of Iraq Plans to exploit Iraq's oil reserves were discussed by government ministers and the world's largest oil companies the year before Britain took a leading role in invading Iraq, government documents show. Graphic: Iraq's burgeoning oil industry The papers, revealed here for the first time, raise new questions over Britain's involvement in the war, which had divided Tony Blair's cabinet and was voted through only after his claims that Saddam Hussein had weapons of mass destruction. The minutes of a series of meetings between ministers and senior oil... Donald Trump's Solution on Gas Prices: Get Tough With Saudi Arabia; Seize Oil Fields in Libya and Iraq? Bahrain: Gulf Troops to Stay as Counter to Iran   State Department: U.S. isn’t working to undermine Syria government The United States is not working to undermine the Syrian government but President Bashar al-Assad "needs to address the legitimate aspirations of his people," State Department spokesman Mark Toner said on Monday. "No we are not working to undermine that government," Toner said in response to a question at a media briefing, adding the U.S. government was working to promote democratic processes in Syria and elsewhere in the world. "The Syrian government perceives this kind of assistance as a threat," he said... Syrian forces fire at thousand of protesters in Homs UK-based Syrian TV station denies secret funding from US government Report: Senior Syria officer assassinated over unwillingness to open fire at protesters Obama welcomes the 'Boss' of terror channel Al-Jazeera as 'Your Highness'   Arizona Gov. Brewer Vetoes Bill to Require Presidential Candidates to Prove Citizenship PHOENIX -- Arizona Gov. Jan Brewer on Monday vetoed a bill that would have required President Obama and other presidential candidates to prove their U.S. citizenship before their names could appear on the state's ballot. The bill would have made Arizona the first state to...   "Ten Commandments Judge" Roy Moore forming presidential committee Former Alabama Supreme Court Chief Justice Roy Moore today announced that he is forming a presidential committee ahead of a potential 2012 presidential run. In a statement explaining his decision, the conservative Christian said, "Basic institutions of family, faith, and freedom are under assault, and our leadership is divided by petty party politics and a special interest agenda." Moore, a Republican, lost his job as Alabama...   'Socialist' charge stricken from record A Republican freshman who referred to “socialist members” of the House in a floor speech last week retracted his remarks but is not apologizing to “thin-skinned” Democrats who were upset by his characterization. “I was making a point only about an economic system,” Alabama Rep. Mo Brooks told The Birmingham...   Wis. Union Supporters Boo Tea Party During The National Anthem Leftists and union supporters ringed the Tea Party rally in Madison, Wisconsin on 04-16-2011. Here they are booing the national anthem.   New DNC chief: Screen sales of all guns The new head of the Democratic National Committee (DNC) is pushing for screenings of all gun purchases. Rep. Debbie Wasserman Schultz said the current law, which allows private firearm sales without background checks, is "outrageous." The Florida Democrat is sponsoring a soon-to-be-released proposal extending the screening requirements to all gun purchases, commercial or private. "It is outrageous that gun buyers evade the background check system every day, even in broad daylight," Wasserman Schultz said Monday at a gun reform... FDLE investigates release of gun owner photos   Adolf Eichmann trial: Evidence of Nazi infiltration in West Germany Despite attempts by Germany to "de-Nazify" itself after the war, it has turned out that the BNP, the German secret service, knew the location of Eichmann's hideaway in Argentina as far back as 1952, a full eight years before his kidnap by Israeli agents. The documents also revealed that the BNP itself was riddled with old Nazis, employed by the new West German government... Nazi mastermind Adolf Eichmann in pictures   Prosecutors seek to stop rally outside Dearborn mosque by Florida pastor Concerned about a potential outbreak of violence, Wayne County prosecutors have filed a complaint in court that seeks to compel Florida pastor Terry Jones -- who oversaw the burning of a Quran last month -- not to rally outside an Islamic center in Dearborn this week. Jones told the Free Press he intends to come to Dearborn this Friday with others to protest against sharia and jihad, Islamic ideas that he said threaten the U.S. But Dearborn police and Wayne County prosecutors are... House Speaker Wants to Divert Funds From Justice Dept. to Defend Marriage Law Obama Accused of 'Dereliction of Duty' for Refusing to Defend Marriage Law Banished for his Christian beliefs: Now electrician who had a cross in his van is thrown out of depot   Christians destroy 'Piss Christ' work French police are hunting two men who destroyed a US artist's photograph of a plastic crucifix submerged in his own urine. The men, armed with a hammer and a screwdriver, attacked the work "Piss Christ" by Andres Serrano at an exhibition in Avignon on Sunday, AFP news agency reported. The attack followed a protest by conservative Christians outside the gallery on Sunday. The work triggered uproar in 1987 when it won a prize from a group... Scottish artist 'to burn Jesus at exhibition'   Power temporarily knocked out after Pacifica quake An earthquake rattled the San Francisco Bay area Monday afternoon on the 105th anniversary of the Great 1906 Earthquake. The quake, with a magnitude of 3.7, hit about two miles southeast of Pacifica, or about 12 miles south of San Francisco at 2:57 p.m. Monday, the U.S. Geological Survey said. A preliminary report from the USGS had initially estimated the quake to have a 3.8 magnitude. No structures were damaged and... Magnitude 6.6 quake hits off NZ Japan Quake Caused Surprisingly Severe Soil Collapse   TN NEWS ARCHIVE Last six weekdays

 

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EVERYONE at "The Biblical Christian Digital Network" takes News seriously. You should to. Serious enough to realize that ALL NEWS and ALL NEWS SERVICES are biased and opionated. That is a fact; that will not change no matter where you get your news or read it from.

IT IS INHERENTLY OPINIONATED.

This is News for some but there is no such thing as Fair and Balanced or Fact news.

When human beings are involved it means we all see things differently at times. News outside of America admits it is biased; News in America in the last 75 years has tried to "market" the idea of "journalistic integrity" when since before America became a nation it has been the venue of News to express opinion. Often as in media, owned and operated by "Newsservices" for political reason. 

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You control what you see; Be Carful how you read a story. You control what you hear; Be careful what and who you are listening to. You control what you understand; be mindful of God to direct your understanding.

In all things remember; you control how you act upon them; don't react to them.

"Take Everything to the Lord in Prayer; then leave it there."