SUNDAY EDITION (5): "Tru News" WEEK-IN-REVIEW MAY 13, 2012 IYYAR 21, 5772

Trunews is supported 100% by the generous contributions of our supporters. Thank you! Mailing address: Trunews, PO Box 690069 | Vero Beach, FL 32969-0069 Phone number: 772.569.8880 TRUNEWS RADIO ... with Rick Wiles:   Friday, 11.May.2012 Click on pic/text to open full article                 ShareThis US officials said to be fearful of looming Israeli strike on Iran US officials fear the unity government established earlier this week signals an impending Israeli attack on Iran, Channel 10 News reported Thursday evening. According to the report, officials are holding marathon talks in Washington out of concern that an Israeli attack on Iran’s nuclear program may take place before the US presidential elections in November. Undisclosed Washington sources told Channel 10 that they worry Kadima was offered a place in the coalition to shore up support for a preemptive attack aimed at halting the Islamic Republic’s nuclear drive, and that Kadima chairman Shaul Mofaz would approve of such an attack. The report added that the US officials believe early Israeli elections would have kept the F-15s at bay, but are now genuinely concerned that with political backing, there is little to... New IAF chief: We're ready for anything Israel's new submarines geared at tackling rising Mideast threats, from the sea Is Netanyahu’s New Government Set for an Iranian Surprise? Damascus blasts push Syria ever closer to war: experts ‘We might have a regional war soon, and then we’d have had to join the government anyway,’ says Kadima MK Nachman Shai   IDF ups security overseas on Iran attack intel The IDF has significantly boosted security for senior officers and official military delegations traveling overseas in recent months, amid intelligence that Iran and Hezbollah are plotting attacks against such targets, a senior IDF officer revealed on Thursday. News of the increase in security comes following a recent wave of attempted bombing attacks that Iran and Hezbollah are believed to have tried to carry out in Thailand, Georgia, India and Azerbaijan. All of the plots were foiled except a bombing in New Delhi that injured the wife of a Defense... In Jerusalem, possible site of ancient church's 'miracle' is revealed   JPMorgan hit with US$2-billion trading loss after ‘egregious’ hedging failure JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the firm lost about US$2-billion on synthetic credit securities after an “egregious’” failure in its chief investment office, which the bank says focuses on hedging. “This portfolio has proven to be riskier, more volatile and less effective as an economic hedge than the firm previously believed,” the New York-based company said today in a quarterly securities filing. JPMorgan declined 5.5% to US$38.50 in extended trading at 5:55 p.m. in New York. The chief investment office has been... Stocks to Crater 27%, Bonds to Rally & Gold to Remain Firm   Spain grossly underestimating bank losses Spain is underestimating potential losses by its banks, ignoring the cost of souring residential mortgages, as it seeks to avoid an international rescue like the one Ireland needed to shore up its financial system. The government has asked lenders to increase provisions for bad debt by 54-billion euros (US$70-billion) to 166-billion euros. That’s enough to cover losses of about 50% on loans to property developers and construction firms, according to the Bank of Spain. There wouldn’t be anything left for defaults on more than 1.4-trillion euros of home... Spanish banks need €100bn amid international aid warning Brussels to audit Spanish banks Francois Hollande threatens to block eurozone's new financial treaty Greece may hold US$510B trump card in potential bailout talks   Adm. Mike Mullen: Debt is still biggest threat to U.S. security FORTUNE -- As chairman of the Joint Chiefs, Admiral Mike Mullen was particularly active and vocal. Far more than previous chairmen, he emphasized the importance of diplomacy and economics in U.S. defense. His Senate testimony that canceling the military's don't-ask, don't-tell policy was "the right thing to do" played a large role in ending the policy. In retirement he's focusing on helping veterans and their families, teaching, and working in the world of diplomacy. Q: At your retirement you said the world "still is very, very dangerous...   Faber sees crash like 1987 if stocks rally without QE3 U.S. stocks may plunge in the second half of the year “like in 1987” if the Standard & Poor’s 500 Index climbs without further stimulus from the Federal Reserve, said Marc Faber, whose prediction of a February selloff in global equities never materialized. “I think the market will have difficulties to move up strongly unless we have a massive QE3,” Faber, who manages $300 million at Marc Faber Ltd., told Betty Liu on Bloomberg Television’s “In the Loop” from Zurich today, referring to a third round of large-scale asset purchases by the Fed. “If it moves...   Greyerz - Investors Need To Be Positioned For More Chaos Today Egon von Greyerz told King World News that “these are massive historic events we are witnessing.” Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. Von Greyerz also said, “investors need to be positioned for more chaos in the future.” But first, here is what Greyerz had to say about gold: “A lot of investors are nervous today, you can see that in the markets. But if you look at the gold market, for example, the fact that the gold price is down 17%, in terms of dollars,..   Chinese media warns of war with Philippines Territorial rivalry has escalated throughout the seas around China as regional and international navies seek to establish rights of passage against an expanding Chinese presence. Chinese and Philippine vessels have been locked in a high seas stand-off since the PLA Navy prevented a Philippine warship from arresting crews of Chinese fishing boats near the Scarborough Shoal on April 8. Both countries claim the fish rich shoal as their own and protests by Philippine fishermen over their loss of livelihood have drawn mass support in the...   U.S. Vows to Go Ahead with Missile Shield, Hopes for Russia's Cooperation The United States and NATO will proceed with its European missile defense program despite Russia’s concerns while continuing to seek Moscow’s cooperation on the issue, U.S. Assistant Secretary of State for European and Eurasian Affairs Philip Gordon said. “NATO continues to seek cooperation with Russia on missile defense in order to enhance our individual capabilities to counter this threat,” Gordon said, addressing members the U.S. Senate Foreign Relations Committee on Thursday. He added, however, that “while we strive for cooperation,.. U.S. Tests New Missile Defense System   Swarm of Tiny Satellites Would Serve as Soldiers' Eyes Enemy fighters use commercial satellite images to plot attacks on U.S. troops, but most U.S. soldiers can't get the same images because of technical or classification restrictions. The Pentagon says that problem can be gotten around through swarms of small satellites capable of providing on-demand battlefield images for any U.S. soldier with a tablet. Two dozen disposable satellites could be launched from aircraft-fired missiles for a fraction of the cost of the flying robots that make up the U.S. military's drone fleet. The complete...   U.S. sues Arpaio's office over treatment of Latinos The U.S. Justice Department's racial-profiling lawsuit against Maricopa County Sheriff Joe Arpaio will prolong a case that already has languished for years unless negotiators find common ground for a settlement. The suit, filed Thursday, accuses deputies of discriminating against Latino residents and seeks injunctive relief from a federal judge. It marks just the second time since the federal police-reform act was passed in 1994 that the Justice Department has been forced to file a contested lawsuit against a law-enforcement... British secret agent was al-Qaeda mole who cracked new 'underpants' bomb plot   Man sues city over seizure of house with underground shelter Two years ago today, Joe Del Rio was awakened to find city officials at the door of his lifelong home in East Austin, demanding entry. Before it was over, the Police Department's SWAT team and the Fire Department had been deployed, and Del Rio said he was detained and questioned for about 10 hours because of what officials called a multilevel...   Michigan town near Ohio could become ‘China City’ The southeastern Michigan city of Milan, a 40-minute or so commute to Toledo or Detroit industrial centers, might become the new home for a 200-acre or larger “China City” that would house Chinese business people. Milan, a city of 6,000 surrounded by farm fields, is the locale for an unusual deal in the industrial heartland as the rocky relationship continues between the People’s Republic of China and the...   GOP leaders on gay marriage: Sound of silence President Barack Obama’s embrace of same-sex marriage was viewed for so long as such a risky move that operatives in both parties expected it to drop like a bomb, handing Republicans a powerful wedge issue in an election year. Instead, it’s landed like a feather. Top Republican officeholders went out of their way Thursday to try to shift the conversation back to the economy. The GOP’s House and Senate campaign committees practically ignored it. And prominent Republican strategists are warning the party to steer clear of it. One notable... Israel's LGBT community praises Obama's support for same-sex marriage Alabama Town Vows to Defy Anti-Religion Group   Few Companies Fight Patriot Act Gag Orders, FBI Admits Since the Patriot Act broadly expanded the power of the government to issue National Security Letters demanding customer records, more than 200,000 have been issued to U.S. companies by the FBI. But the perpetual gag orders that accompany them are rarely challenged by the ISPs and other recipients served with such letters. Just how rare these challenges are became more evident following the recent release of a 2010 letter from the Justice Department to a federal lawmaker. In December 2010 in a letter (.pdf) from Attorney General Eric Holder... Exclusive: SEC investigator on leave after threat allegations   Baby, 18 months old, ordered off plane at Fort Lauderdale airport FORT LAUDERDALE, Fla. - Eighteen-month-old Riyanna has been called a lot of things: cute, adorable and now ... a suspected terrorist. She was called that on Tuesday night at the Ft Lauderdale Airport. She and her parents had just boarded a JetBlue flight when an airline employee approached...   Engineer who survived tsunami plans floating car SENDAI — A former Toyota Motor Corp. engineer who almost died in the March 2011 tsunami is developing a floating vehicle in Ishinomaki, Miyagi Prefecture, to give drivers a better chance of surviving similar disasters in the future. Kenichi Yamamoto, 63, a science and engineering professor at Ishinomaki Senshu University in Miyagi, was driving through Tagajo when the tsunami crashed into the prefecture. His car immediately started filling with water, tipping it 45 degrees and stranding him. He barely managed to escape by breaking one of the...  Active fault may run beneath Mount Fuji, say researchers   Why the Recent Sumatra Quake Was So Strange The unexpectedly large earthquake that hit Sumatra last month is forcing scientists to rethink common assumptions about earthquake physics, researchers say. The magnitude 8.6 earthquake that struck in the Indian Oceanoff the western coast of Sumatra on April 11was one of the 10 largest earthquakesever recorded, and was felt as far away as Bangladesh and India. However, no quake-related fatalities were reported. Seismologists have done preliminary studies on the earthquake and found that it had some unusual aspects, ones that...  Apocalypse now? German drops Mayan magical skull owned by Himmler... and it could mark the end of the world on 21-12-12 The Mayans reveal their darkest mysteries: New excavation reveals secrets of their calendar - including black-clad figures and symbols never seen before   Huge Asteroid Vesta Actually an Ancient Protoplanet New observations from a NASA spacecraft show that the huge asteroid Vesta is a battered protoplanet left over from the solar system's early days, with a unique mix of characteristics unknown from any other space rock. Scientists had thought that Vesta, the second-largest body in the main asteroid belt between Mars and Jupiter, probably started down a planet-forming path shortly after the solar system's birth. Data gathered by NASA's Dawn probe have now confirmed that suspicion, researchers announced in a raft of studies that...   TRUNEWS ARCHIVE Last six weekdays                   Trunews is a international Christian ministry supported 100% by our partners generous and tax-deductible gifts.   Mailing address: Trunews PO Box 690069 Vero Beach, FL 32969-0069 Phone: 772.569.8880  TRUNEWS RADIO ...with Rick Wiles Listen to the most informative and inspiring international newscast on the Internet! Trunews Radio with Rick Wiles is heard every Monday-Friday. Each new edition is posted online at 5PM Eastern. Trunews is also broadcast internationally on two World Harvest Radio worldband shortwave radio stations. The broadcasts are heard on frequencies 5920 and 9860 at 9pm Eastern / 8pm Central / 7pm Mountain / 6pm Pacific. 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