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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
9/21/2013 10:16:59 AM
Sochi Olympics threat

Russian rebels in Syria 'pose threat to Olympics'


The main Olympic Stadium under construction at the Olympic Park in Adler, near Sochi, on August 22, 2013. (AFP Photo/Mikhail Mordasov)
AFP

Islamist rebels from the Russian Caucasus who are fighting alongside Al-Qaeda-linked jihadists in Syria could pose a serious security threat to the 2014 Sochi Winter Olympics, analysts say.

Russia has pulled out all the stops to host the Olympic Games, its first major international sports event.

But experts fear that the return of war-hardened rebels from Syria may make it difficult to secure Sochi, which is close to the restive Caucasus region, during the high-profile event.

"Fighters from Russia are acquiring urban warfare experience in Syria. If they come back to Russia and get organised, it will be extremely dangerous," said Grigory Shvedov, the editor-in-chief of www.kavkaz-uzel.ru web magazine.

Despite the security measures which the Russian government is taking to protect the Olympic venue, Shvedov told AFP that "Sochi is quite vulnerable... to an attack by groups trained in urban battles in Syria."

In July, fears of an attack intensified when Islamist warlord Doku Umarov called on militants to stage attacks against the February Games.

In a video, he said jihadists must "exert maximum efforts" to prevent the high-profile international event from going ahead in Sochi, a city nestled between the Black Sea and the Caucasus mountains.

"If fighters from Syria come back (to Russia) and take up Umarov's call, this is a serious cause for concern," Shvedov said.

Umarov -- the Kremlin's number one enemy -- has claimed numerous deadly attacks in Russia in recent years, including those that claimed dozens of lives at Moscow's Domodedovo airport in 2011 and in the capital's subway in 2010.

"With the Olympics approaching, it is these people, crazed fanatics who are a real danger," said Alexei Malashenko, an analyst with Moscow's Carnegie Centre.

Russian President Vladimir Putin has also expressed fears about the return of Russian rebels who are currently battling the regime of Moscow ally Bashar al-Assad.

"We can only worry about the fact that hundreds of rebels from Western countries and even from Russia ... are fighting in Syria," the Russian strongman said in an article published last week by the New York Times.

"Who can guarantee that these bandits, with their experience, will not return in our country? It is a real threat for us."

Videos posted on YouTube (http://www.youtube.com/watch?v=2KMO_8EOD9g&feature=youtu.be) have so far shown only small groups of up to 30 fighters speaking Russian with Caucasian accents alongside the Syrian opposition rebels.

However, Malashenko said that estimates from various sources put the number of rebels from Russia fighting in Syria at between 300 and 2,000.

"In my opinion, there must be 1,000," he said, adding that this figure includes Islamists from the Caucasus republics of Chechnya and Dagestan and from Tatarstan in Central Russia.

The $50 billion Sochi Olympics project has been mired in scandals of corruption, overspending, and rights violations.

In July Russia's Interior Minister Vladimir Kolokoltsev vowed to set up in Sochi a "multi-tiered" security system in order to comply with International Olympic Committee requirements.

"We are ready to host any sort of sports event," Kolokoltsev said.

Russian authorities are also designating a vast mountain area above Sochi close to North Caucasus republics as a "restricted zone" and closing the border with Georgia's rebel region of Abkhazia during the Games.

Security experts have repeatedly warned that Sochi's location close to the restive Caucasus region and Georgia's breakaway region of Abkhazia means securing the venues without scaring tourists away could prove difficult.


Russian rebels 'a real threat' to Olympics

Islamists from the Russian Caucasus could wreak havoc on the 2014 Sochi Winter Games, analysts say.
'It will be extremely dangerous'



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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
9/21/2013 10:29:53 AM

Stocks are about to plunge, Wells Fargo warns


Gina Martin Adams is sticking to her guns.

The Wells Fargo strategist has been bearish on stocks all year, even as she watched the S&P 500 (^GSPC) add 21 percent. And on Thursday's " Futures Now ," Adams reiterated her call that the index would close out the year at 1,440.

"Our target is based on fundamentals," Adams insisted. "We're basing our target on typical valuation measures, given the level of interest rates and also on earnings forecasts. And that's why our target is relatively low."

In fact, "low" is somewhat of an understatement. Adams' target implies that the market will drop 16 percent in little more than three months, erasing everything that stocks gained after the year's first day of trading. This makes her one of the lone bears on the Street.

(Read more: Robert Shiller to bulls: 'Don't expect miracles' )

So what could produce such a dismal fourth quarter for stocks? First of all, Adams is highly skeptical about the rally that the market has enjoyed thus far.

"It's all about emotion at this point. The entirety of the S&P 500's increase this year has come via the multiple," Adams said. "It's been simply through the amount that investors are willing to bid up the value of the future earnings stream."

Indeed, the S&P 500's price-earnings multiple has risen from 17 on Jan. 1 to nearly 20. That means the market has largely been rising due to investors' willingness to pay more for those earnings.

Adams goes on to argue that the recent rise in Treasury yields could put an end to this inclination.

(Read more: Fed's taper surprise puts jumpy market in limbo )

"The multiple is one of the most valuable components" of the rally, and "typical drivers of the multiple are interest rates." So despite the fact that yields have cooled off recently, "simply the fact that we moved from 1.6 [percent] on the 10-year Treasury rate to now the 2.7 [percent] range is a potential tremendous shock over the next six months," Adams contended.

Adams believes that stocks haven't yet digested the rate rally. "Stocks tend to follow rates over time," she said. "Typically, when you get a 100 basis point [or 1 percent] move in Treasury rates, you get a contraction on the P/E multiple on stocks of about a full turn. That, by itself, implies you get something of a 10-percent-plus correction in stocks."

And while the Fed's decision that it wouldn't slow its rate of asset purchases has driven the market to yet another all-time high this week, Adams doesn't believe the surprising announcement will ultimately make a difference.

"Unless bonds can actually rally substantially with the so-called Fed bid, and the Fed is able to manipulate yields significantly lower, the damage has been done, and I think the cat is quite frankly out of the bag."

Couple the rise in rates with slow earnings growth, and Adams believes the market is in for a very tricky fall.

"We're going to have to face the music come October," she said.

"Choose a job you love and you will not have to work a day in your life" (Confucius)

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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
9/21/2013 10:31:01 AM

Super typhoon whips Philippines, Taiwan, heads for China

AFP

A NASA Terra satellite image obtained September 19, 2013, shows Typhoon Usagi nearing the Philippines and Taiwan. (AFP Photo/)
MANILA (AFP) - Super Typhoon Usagi, the most powerful storm of the year, brought torrential rain and strong winds to the Philippines and Taiwan Saturday, uprooting trees and knocking out power as it barrelled towards Hong Kong.The typhoon battered the Batanes island group in the far north of the Philippines overnight before flooding a Taiwanese village and forcing Hong Kong's flag carrier Cathay Pacific to pre-emptively cancel all its flights.Usagi packed gusts of up to 220 kilometres (136 miles) an hour as it passed through the Luzon Strait between the Philippines and Taiwan, the Philippines' state weather bureau said."The winds are very strong. I cannot even go out now," Batanes governor Vicente Gato told DZBB radio in Manila. "Many trees have been uprooted and we have no electricity," he said.The National Disaster Risk Reduction and Management Center said the storm dumped up to 20 millimetres of rain an hour over a diameter of 800 kilometres on the country's main Luzon island. Several roads and bridges were rendered impassable by overflowing rivers or landslides, it said.In Taiwan's southern Pintung county, a storm flooded a remote village, forcing troops to evacuate dozens of people, the state Central News Agency said."I thought a tsunami was hitting...I've never encountered this before in my life," it quoted a 60-year-old woman who was scrambling to safety with her pet.Flights were cancelled and ferry services suspended, with schools and offices in many parts of the island closed, especially in the south and east, which were expected to bear the brunt of the storm, authorities said.Hotels and resorts in mountainous areas were closed due to fears of flooding and landslides.Coastguards cordoned off the beaches at Kenting, a popular scenic spot in the south, as strong winds whipped up the sea.The defence ministry has deployed more than 1,600 soldiers to "high risk" areas and placed 24,000 others on standby.Nearly 2,500 people had already been evacuated, officials said, as the Central Weather Bureau warned people to expect up to 1.2 metres (47 inches) of rain. In Hong Kong, officials issued a standby signal number one the first in a five-step tropical cyclone warning system with winds expected to strengthen later in the day and on Sunday.Flag carrier Cathay Pacific said in a statement it was suspending operations for two days from Sunday, as the territory braced for Usagi's impact."It is anticipated that disruptions will continue on 23 September, Monday," the airline said in an advisory, as the Hong Kong observatory warned that weather "will deteriorate significantly" as the storm approached.Operators at the city's port, one of the busiest in the world, said they would cease work late Saturday.China's National Meteorological Center issued a red alert -- its highest level warning -- as it forecast gale-force winds and heavy rain.It said Usagi would affect the coastal areas of the provinces of Guangdong, Zhejiang and Fujian as it moved northwest.Nearly 23,000 fishing boats had earlier taken shelter in Fujian province ahead of the storm, state media reported Saturday, while more than 4,000 people living in coastal areas were evacuated.The region is regularly pummelled by tropical storms. Typhoon Bopha left a trail of destruction in the southern Philippines last year, triggering floods and landslides that left more than 1,800 dead and missing and displaced nearly one million people.In August 2009, Typhoon Morakot killed about 600 people in Taiwan, most of them buried in huge landslides in the south, in one of the worst natural disasters to hit the island in recent years.Hong Kong rarely suffers major loss of life as a result of tropical storms, although Typhoon Rose in 1971 killed 110 people in the city.


"Choose a job you love and you will not have to work a day in your life" (Confucius)

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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
9/21/2013 3:48:07 PM

U.S. says open for Iran talks based on 'mutual respect'

Reuters
Iranian President Hassan Rouhani smiles during an interview with Ann Curry from the U.S. television network NBC in Tehran, in this picture taken September 18, 2013, and provided by the Iranian Presidency. Reuters/President.ir/Handout via Reuters

By Roberta Rampton and Jeff Mason

WASHINGTON (Reuters) - The United States is ready to engage in talks "on the basis of mutual respect" with Iran about its disputed nuclear program as long as Tehran is willing to demonstrate that its program is for civilian purposes, the White House said on Friday.

"We have had a number of engagements with the Iranians and we'll continue to have conversations on the basis of mutual respect," Josh Earnest, the deputy White House spokesman, told reporters aboard Air Force One during President Barack Obama's flight earlier in the day to Missouri.

"And over the course of those conversations there will be an opportunity for the Iranians to demonstrate through actions the seriousness with which they are pursuing this endeavor," Earnest said.

Obama and Iranian President Hassan Rouhani will be in New York next week for a meeting of the United Nations General Assembly. The White House has said that an encounter between the two leaders is possible.

Earnest said there was no meeting scheduled between Obama and Rouhani, but his comments were the latest signal from the White House that it views Rouhani potentially as someone with whom it can do business.

Western powers believe Iran is developing nuclear weapons. Tehran says its nuclear program is peaceful and aimed at power generation.

The positive tone in U.S.-Iranian relations, which have been fraught since the 1979 Iranian Revolution, worries Israel. It is warning the Obama administration not to be seduced by Rouhani's charm offensive.

A senior Israeli minister said on Friday that Iran is on course to develop a nuclear bomb within six months and time has run out for further negotiations.

But in a call with reporters to preview Obama's U.N. speech, deputy national security adviser Ben Rhodes said Washington believed there was time to pursue diplomacy with Iran.

"We've always made clear that there's not an open-ended window for diplomacy, that we need to be moving forward with a sense of urgency," Rhodes said.

"We do believe ... that Iran has not taken steps, for instance, to break out and weaponize its nuclear program. So even as we move with a sense of urgency here, we do believe that there's time and space to pursue diplomacy."

The New York Times reported on Friday that Iran is seeking a "swift agreement" over its nuclear program with the goal of ending sanctions that have devastated its economy.

Earnest, responding to that story, said the White House welcomed the new tone from Tehran after Rouhani's election in June and said sanctions had had their desired effect.

"These sanctions have tightened around the Iranian regime, further isolated them from the international community, taken a significant toll on their economy and put pressure on them to come back to the bargaining table," he said.

"The president has demonstrated a willingness to engage with the Iranians, and has done that for some time now," he added, noting that Obama and Rouhani had exchanged letters.

(Reporting by Roberta Rampton and Jeff Mason; Editing by Alistair Bell and Eric Beech)


"Choose a job you love and you will not have to work a day in your life" (Confucius)

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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
9/21/2013 3:58:37 PM
Update

Super typhoon lashes Philippines, Taiwan


A car drives past waterfalls created by the run-off of rain from Typhoon Usagi near the Taiwanese town of Hengtsun, on September 21, 2013. (AFP Photo/Sam Yeh)

AFP Sam Yeh 57 minutes ago
HENGTSUN, Taiwan (AFP) - Super Typhoon Usagi, the most powerful storm of the year, brought torrential rain and ferocious winds to Taiwan Saturday, leaving tens of thousands without power and throwing travel plans into disarray as it barrelled towards Hong Kong.Southern Taiwan was battered by the storm, which rolled past the Batanes island group in the far north of the Philippines overnight -- tearing coconut trees in half -- and headed on towards the Chinese mainland.By 1100 GMT Usagi was 610 kilometres (400 miles) southeast of Hong Kong, forcing local carrier Cathay Pacific to warn that all its flights in and out of the city will be cancelled from 6:00 pm (1000 GMT) on Sunday.Usagi was packing maximum sustained winds of up to 195 kilometres per hour, the Hong Kong Observatory said, as people in the city reinforced windows in anticipation of the approaching storm's impact. In Taiwan's southern Pintung county, storms flooded remote villages, forcing troops to evacuate dozens of people, the state Central News Agency said."I thought a tsunami was hitting... I've never encountered this before in my life," it quoted as saying a 60-year-old woman who was scrambling to safety with her pet.Six people were injured in Kinmen, a Taiwan-controlled island off China's southeastern Fujian province, after they were hit by fallen trees, according to the Central Emergency Operation Centre.The typhoon also left 45,000 homes powerless and more than 5,000 households without water, it said. Pictures showed overturned vehicles, fallen branches and rivers of muddy water flooding the streets. A total of 77 domestic and five international flights were cancelled and ferry services suspended, with schools and offices in many parts of Taiwan closed, especially in the south and east, authorities said.The defence ministry deployed more than 3,000 soldiers to "high-risk" areas and placed 24,000 others on standby.Nearly 3,000 people had already been evacuated, officials said, as the Central Weather Bureau warned people to expect up to 1.2 metres (47 inches) of rain.In the Philippines' Batanes island chain terrified locals spent the night in their houses as savage winds raged outside. "This is the strongest typhoon to hit Batanes in 25 years," Dina Abad, the district's representative to Congress, told AFP."The howling winds began at midnight and they churned up to eight-metre waves that damaged the port and sank moored fishing boats," she said, quoting a mayor of one coastal town.She said coconut trees were torn in half or were uprooted, while terrified residents couldn't sleep as the storm battered roofs above their heads. The aviation tower at the island's airport was also badly damaged."I think the estimate of the damage will be bigger tomorrow when have a clearer assessment on the ground," she said.In Hong Kong, officials issued a standby signal number one, the first in a five-step tropical cyclone warning system with winds expected to strengthen later Saturday and on Sunday. "It is anticipated that disruptions will continue on 23 September, Monday," flag carrier Cathay Pacific said in a statement.Operators at the city's port, one of the busiest in the world, said they would cease work late Saturday.China's National Meteorological Center issued a red alert -- its highest-level warning -- as it forecast gale-force winds and heavy rain.It said Usagi would affect the coastal areas of the provinces of Guangdong, Zhejiang and Fujian as it moved northwest. Nearly 23,000 fishing boats had earlier taken shelter in Fujian province ahead of the storm, state media reported, while more than 4,000 people living in coastal areas were evacuated.The region is regularly pummelled by tropical storms. Typhoon Bopha left a trail of destruction in the southern Philippines last year, triggering floods and landslides that left more than 1,800 dead and missing and displaced nearly one million people.In August 2009, Typhoon Morakot killed about 600 people in Taiwan, most of them buried in huge landslides in the south, in one of the worst natural disasters to hit the island in recent years. Hong Kong rarely suffers major loss of life as a result of tropical storms, although Typhoon Rose in 1971 killed 110 people in the city.


"Choose a job you love and you will not have to work a day in your life" (Confucius)

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