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The Weekly
News In
Review newsletter is a service
provided by Understand The Times that is a
compilation of the news articles
posted on our site during the previous
week.
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September 17 - China paper urges new currency order after "financial tsunami"
Article: One World Government
Comment
from
UTT:
Now China is
suggesting a new
world order and a one world currency to head off a
global financial
crisis. It seems we are getting very close to the
one world global
economic system that is foretold in the Bible.
BEIJING
(Reuters) - Threatened by a "financial
tsunami,"
the world must consider
building a
financial order no
longer dependent on the United
States,
a leading Chinese
state newspaper said on Wednesday.
The commentary in the overseas edition
of the
People's Daily
said the collapse of Lehman Brothers Holdings Inc
(LEH.P:
Quote,
Profile,
Research,
Stock Buzz)
"may augur an even larger
impending
global 'financial tsunami'."
Its
pronouncements do not necessarily directly reflect
leadership
views, but this
commentary by a professor at Shanghai's Tongji
University
suggested considerable official
alarm at the
strains buckling world financial markets.
"The world urgently
needs to
create a diversified
currency and financial system and fair and just
financial order that
is not dependent on the United
States."
But Vice Premier Wang Qishan, on a visit
to
the United States,
told U.S. trade officials in a meeting on Tuesday
that China and
the United States needed to
maintain close
economic ties with global markets going through such
turbulence.
"The Chinese government is well
aware of the
fact that the United
States, which is the world's largest developed
country, and
China, which is the world's largest developing country,
should have constructive and
cooperative
economic and
trade relations," he said.
"Lehman
Brothers announced bankruptcy
will
not only have a
domino effect on the global financial world, it will
bring a shock to
the world economy," the front-page
comment
stated.
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September 16 - Draghi: Deeper Crisis Would Call for Global Solution
Article: One World Government
Comment from
UTT:
The
current financial
meltdown that is taking place, may very soon lead
to a global
economic solution that will set up a one world system.
These are the
things that Bible prophecy scholars were warning
about
20 years ago. The
pieces of the puzzle are falling in place at the
present
time.
National solutions
have been enough to stem the financial-sector
crisis so far,
ECB Governing Council member
Mario Draghi
said in a
Berlin
speech Thursday,
but they may not be enough if things
get
worse.
"Policies are
taking a variety of shapes that can be grouped within
two broad
categories: emergency and structural
responses," said Mr.
Draghi, who also
heads Italy's central bank. "Until now, the first
remained typically
national since each crisis was unique to the
financial structure
of the country and so were the remedies.
However, if the crisis were to become systemic
- and the past
weekend has shown just how sudden and dramatic
the
turn of events can
be - I believe that an internationally
coordinated effort
will be necessary." Mr.
Draghi's words
have international heft, since he chairs the
Financial Stability
Forum - a group
of global
regulators and central bankers working on solutions
for
preventing the next
blowup. He indicated
the
framework of the global financial system is
undergoing a
gut check: "A
resilient infrastructure is one that is capable of
withstanding the
effects of the failure of a large financial
institution. As we
speak, this objective is being tested by
reality."
Overall, he
said, the global banking system
has enough
capital to meet its needs "under reasonable
scenarios."
He offered no
prediction about whether market conditions would
continue to be
"reasonable" but did say banks
will need to raise
"at least once again the amount of capital raised
since the crisis
began." Mr. Draghi's estimate of that
amount, according
to a person familiar with the matter, is $350
billion.
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September 17 - Professor Dismayed over Christians Rejecting Evolution
Article: Creation / Evolution - Creation / Evolution Debate
Comment from
UTT:
The Roman
Catholic position
on evolution means that God is evolution. The
biblical view on
origins is NOT compatible with the view that
God used
evolution to create.
This view, that evolution
explains the origin
of all things and that God used or directed
evolution is
common among those who profess to be Christian
but do
not accept a
fundamental literal view of the Bible. It is also a
bridge for
ecumenical unity that many religions can accept.
VATICAN CITY - A professor at
a Vatican-sponsored university
expressed
dismay Tuesday
that some Christian groups reject the theory
of evolution -
implicitly criticizing the literal interpretation of
the Bible.
Further emphasizing the official
Catholic stance,
a Vatican official restated the Church
position that
evolution is not incompatible with faith.
Popes going back to the mid-20th
century have
"recognized the scientific value
of the theory
of biological
evolution," Gennaro Auletta, who teaches
philosophy of
science at the Gregorian, told reporters.
"Greater understanding and
assimilation of
such subject
matter by clergy and faithful has been hoped for."
Monsignor Gianfranco Ravasi told
reporters that:
"One thing is
sure. Evolution is not incompatible with faith."
Creationism from
a strictly theological view makes sense, but when
it is used in
scientific fields it becomes useless,"
Ravasi
said.
Quoting the late Pope John Paul II,
Ravasi said
that "evolution can no
longer be
considered a
hypothesis."
Pope Benedict
XVI warned last
week against fundamentalists' literal
interpretations of
the Bible. The pontiff told a
gathering of
intellectuals and academics in Paris that
the structure of the Bible
"excludes by
its nature everything that today is known as
fundamentalism.
In effect, the word of God can never simply be
equated with the
letter of the text," Benedict
said.
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September 19 - Russia ratchets up US tensions with arms sales to Iran and Venezuela
Article: Wars And Rumors Of Wars
Comment from
UTT:
The
reality of a middle
east Armageddon is becoming clearer day by day,
as Russia sells
arms to enemies of Israel.
Russia defied the United States
yesterday by
announcing plans
to sell military hardware to Iran and Venezuela.
The head of
the state arms exporter said that he was negotiating
to sell antiaircraft systems to Iran
despite
American
objections. Russia has already delivered 29 Tor-M1
missile
systems under a
$700 million (£386 million) deal with Iran in 2005.
"Contacts between our
countries are
continuing and we
do not see any reason to suspend them,"
Anatoli Isaikin, the
general director of Rosoboronexport, told the
RIA-Novosti news
agency at an arms fair in South Africa.
Reports have
circulated for some time that
the Kremlin is
preparing to sell its S300 surface-to-air missile
system to Iran,
offering greater protection against a possible US or
Israeli attack on
the Islamic republic's nuclear facilities. The
missiles have a
range of more than 90 miles (150km).
Sergei
Chemezov, the head of the state-owned Russian
Technologies,
also disclosed that Venezuela's leader, Hugo Chávez,
wanted to buy antiaircraft systems,
armoured
personnel carriers,
and SU35 fighter jets when they come into
production in
2010.
Dr Rice
said: "The picture
emerging is of a
Russia
increasingly authoritarian at home and aggressive
abroad.
Russia's bid to
join the World Trade Organisation is now in
question. And so
too is its attempt to join the Organisation for
Economic
Cooperation and Development. She
added:
"Russia's
international standing is worse now than at any time
since
1991."
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September 16 - 'Promised Land' Conference Gives Fresh Perspective on Israel-Palestine Conflict
Article: Israel And The Last Days
Comment from
UTT:
The World Council of
Churches leads the way in the
attack against Israel. This should be no
surprise in light of the fact that
we are in the last days and anti-semetic
views are on the
upswing.
In a final
document,
"The Bern Perspective," delegates agreed
that the Bible
"must not be
utilized to justify oppression or supply simplistic
commentary on
contemporary events."
It goes on to
state that
Christians should differentiate between biblical history
and biblical stories
as well as the Israel of the Bible and the
modern state of
Israel.
"Let us continue
to critically and
creatively examine notions of the 'Promised Land,'
rediscovering in
the Bible and in our traditions life-giving
metaphors for
promoting justice, peace, reconciliation and
forgiveness for the
fullness of the earth and all its inhabitants,"
the document
states.
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September 19 - Blair begins Yale career
ArticleL One World Religion
Comment from UTT:
Tony Blair's contribution
that is attempting to unite
faiths of the
world in an effort to bring about
global peace is exactly what the
Bible predicts will happen in
the future - a one world religion in the
name of Christ that will be
antichrist.
For Blair, 55, today marks the
beginning of a three-year teaching
appointment, one that will add
a palpable dose of celebrity to the Yale
faculty. After leading his seminar on faith and
globalization in the
School of
Management and Divinity School, to which
hundreds of
students applied for
admission, Blair will address Yale students,
faculty and staff in a
conversation with University President
Richard Levin at Woolsey Hall
this afternoon.
In the interview, Blair said
he was particularly
excited
for the chance to teach, something he has
not done before, and to be
able to do it on a topic for which he cares
deeply.
"These issues have to be
explored in depth, not
just through making speeches
but through interacting with young people
who are interested in the
same topics," Blair said. "The
chance to actually come to
such a great institution as Yale and be able
to interact with students - for
me, it's a tremendous privilege."
The two-hour class, held
in the Law School, will include an
introduction by co-teacher and
Divinity School professor Miroslav Volf,
remarks by Blair and an open
discussion with the students.
The
topic is the stakes of faith and
globalization.
If adherents to a religion
form
exclusive loyalties oriented
against practitioners of other religions
and against
globalization, Volf
said in
an interview Thursday
night, conflict and violence will
ensue. But if religion promotes
respect for others, it can be a source
of peace and help humanize
the effects of globalization,
he said.
The course aligns with the
work of the
Tony Blair Faith
Foundation, which was launched in
May.
Blair
said he hopes the class will be a
model for teaching elsewhere
around the world on the topic of faith.
"There's an opportunity
here to do something that is really new and
different and far-reaching in its
effect," he said.
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Setpember 4 - Brian McLaren explores Hope for the 21st century
Article: Social Gospel
Comment from
UTT:
This short video
explains Brian Mc
Laren's social gospel to give the world
hope.
Watch YouTube Video ....
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September 21 - Archbishop to visit Catholic shrine
Article: Ecumenical Movement - Misc.
Comment from
UTT:
The return of the
Anglican Church to the Roman
Catholic Church is well on its way. The
Roman Catholic belief in the
apparitional appearances of Mary that
contribute extrabiblical
revelation will also be a drawing
card.
The
Archbishop of Canterbury will become
the
first leader of the Church of
England to make a pilgrimage to the
Roman Catholic shrine of Lourdes this
week.The visit will be made as
part of the Church's
mission to achieve Christian
unity, Lambeth Palace
said.
Rowan Williams will
preach at the International Mass on
Wednesday, which
is being celebrated by His Eminence
Cardinal Walter Kasper, President of the
Pontifical Council for the Promotion of
Christian Unity.
Catholics believe that the
Virgin Mary made 18 apparitions to a
French peasant girl called Bernadette
Soubirous in a grotto in Lourdes in 1858.
The shrine has since been visited
by millions of pilgrims from across the
world.
Dr Williams will
participate in the celebrations at the
invitation of the Bishop of Tarbes
and Lourdes, Monsignor Jacques Perrier.
He will also take part in a
pilgrimage of bishops, clergy and laity of
the Church of England,
organised by the Society of Mary and the
Anglican Shrine of Our Lady of
Walsingham.
The
organisers of the 150th anniversary
celebrations said that an average of
20,000 pilgrims a day have been
visiting the shrine this year. Many are ill or
disabled and
believe that the water in the grotto's spring
is holy and may cure them.
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We hope the Weekly News In Review has been a
blessing to you.
Sincerely,
Roger Oakland
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