September 22 - September 28, 2008 
 Weekly News In Review
 Vol 3, Issue 26
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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.


 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.

Read More .... 

 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.

Read More .... 

 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.

Read More .... 

 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."

Read More .... 

 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.

Read More .... 

 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.

Read More .... 

 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 .... 

 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.

Read More .... 

We hope the Weekly News In Review has been a blessing to you.

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