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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
11/12/2012 10:52:49 AM

Iran VP: We will break Obama's 'grasping hands'


TEHRAN, Iran (AP) — Iran's vice president said Monday that Tehran will break the 'grasping hands' of newly re-elected President Barack Obama, the official IRNA news agency reported.

Mohammad Reza Rahimi also said Iran will overcome U.S.-led sanctions against the country.

"We will break grasping hands of Obama and we will be successful in bypassing the sanctions," Rahimiwas quoted as saying during a research and scientific exhibition at Tehran University.

Iranian officials dismiss the impact of last week's U.S. elections, suggesting it will have little impact on Washington's Iran policy. On Thursday President Mahmoud Ahmadinejad mocked the cost of campaigning, dubbing the vote a "battleground for capitalists"

Rahimi is known for hardline anti-Western statements. In June, he blamed global drug use on the teachings of Jewish holy texts.

The sanctions have hit Iran's economy hard in the past months. They are imposed over Iran's nuclear program, which the West suspects is aimed at weapons development. Iran denies the charge, saying its program is for peaceful purposes like power generation and cancer treatment.

Ahmadinejad and allies like Rahimi are anxious to play up Iran's confrontation with the West. Conservatives who used to back him, but who turned against him last year over his perceived challenge to the clerical establishment, say he has mismanaged the economy and contributed to the country's woes.

Iran's parliament plans to question Ahmadinejad over the economy, and in the past has accused Rahimi of misusing public funds. The vice president denies the allegations.


"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?
11/12/2012 10:54:25 AM

Syrian jet bombs area near Turkish border

"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?
11/12/2012 10:55:46 AM

Japan economy shrinks, recesssion looms


By Leika Kihara and Kaori Kaneko

TOKYO (Reuters) - Japan's economy shrank in the September quarter for the first time since last year, adding to signs that slowing global growth and tensions with China are nudging the world's third-largest economy into recession.

The 0.9 percent fall in GDP was in line with expectations, although a decline in capital expenditure was much steeper than forecast. Sony Corp and Panasonic Corp have slashed spending plans to cope with massive losses as they struggle with competitive markets and a strong yen.

The fall in GDP translated into an annualized rate of decline of 3.5 percent, government data showed on Monday. While U.S. growth showed a modest pick up in the third quarter, Japan and the euro zone economies are shrinking.

"The GDP data confirms that the economy has fallen into a recession," said Tatsushi Shikano, senior economist at Mitsubishi UFJ Morgan Stanley Securities in Tokyo. "It is set for a second straight quarter of contraction in the current quarter."

A recession is commonly defined as two consecutive quarters of contraction.

The data kept government pressure on the Bank of Japan to boost monetary stimulus even after it eased policy in October for the second straight month as a strong yen and a territorial row with China exacerbate weak demand for exports.

Economy Minister Seiji Maehara said the central bank should pursue powerful policy easing to boost the economy, although BOJ Governor Masaaki Shirakawa shot back that the government should do its bit too.

Many analysts expect the BOJ to leave policy unchanged at a review next week, but some see it boosting stimulus again at a December 19-20 meeting, shortly after the U.S. Federal Reserve is due to meet.

External demand accounted for 0.7 percentage points of July-September GDP contraction, matching the median projection. Japan's exports fell 5.0 percent in July-September, the biggest slide since a 6.0 percent decline in April-June last year, the data showed.

A row with China over sovereignty of some islands in the East China Sea sparked violent protests in China and the boycott of Japanese goods, which added to the slide in exports, particularly for automakers such as Nissan Motor Co.

Private consumption - which accounts for roughly 60 percent of the economy - fell 0.5 percent in the third quarter against a median forecast of a 0.6 percent drop.

Capital expenditure tumbled 3.2 percent, the fastest pace of decline since a 5.5 percent drop in April-June 2009, as companies turned more pessimistic about earnings from domestic and overseas markets.

In Japan's ailing electronics sector, Sony plans to reduce capital spending by 29 percent in the year to March 2013 and Panasonic plans a 27 percent cut, after incurring huge losses in their TV manufacturing businesses.

The companies are struggling to compete with more nimble rivals, such as South Korea's Samsung Electronics and America's Apple Inc, and with a steady rise in the yen, which makes exports from Japan more expensive.

Analysts said Japanese companies face too many uncertainties to plan future spending with confidence and that is unlikely to change in the current quarter.

Resolving the protracted euro zone debt crisis is no nearer, U.S. tax increases and government spending cuts in early 2013 could tip America into recession unless Congress acts, and adding domestic uncertainty Japan's Prime Minister Yoshihiko Noda has promised to call a national election "soon" to break a political deadlock.

Masamichi Adachi, senior economist at JPMorgan Securities, said business investment would fall again in the fourth quarter as the global economy recovers only gradually.

"If some of these uncertainties are removed, it is possible for things to improve," Adachi said.

He forecast capital expenditure will fall 0.5 percent in October-December and then rise 0.7 percent in January-March.

Japan's economy outperformed most of its Group of Seven peers in the first half of this year on robust private consumption and spending for reconstruction following last year's earthquake.

But growth has stalled since then. Indeed, second-quarter growth was revised down in the latest figures by half to just 0.1 percent. The last quarterly economic contraction was in the Oct-Dec period of 2011, when GDP fell 0.3 percent.

With the economic affect of rebuilding from last year's earthquake and tsunami fading, the government acknowledged last week that its index of leading indicators gauge fell to a level suggesting the onset of a recession.

"I can not deny the possibility that Japan has fallen into a recession phase," Maehara told reporters after the data was released.

He said he expected the BOJ to pursue powerful policy easing, although in a speech BOJ head Shirakawa stressed that flooding markets with cash alone wouldn't inflation the economy when interest rates are near zero. The government should boost the economy's growth potential with deregulation and structural reform, he said.

"Exports and output are likely to remain weak, and domestic demand won't increase enough to make up for the weakness in exports," he said.

The BOJ set a 1 percent inflation target and eased policy in February. It followed up with further stimulus based on asset buying in April, September and October on mounting evidence the economy was on the cusp of a recession.

The euro zone is expected to report on Thursday that the economy shrank by 0.2 percent in the third quarter, extending a 0.2 percent contraction in the second quarter.

(Editing by Neil Fullick and Tomasz Janowski)

"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?
11/12/2012 5:23:12 PM

Threat-focused Iran launches "biggest ever" air drills



DUBAI (Reuters) - Iran launched military drills across half the country on Monday, warning it would act against aggressors less than a week after Washington accused Iranian warplanes of firing on a U.S. drone.

The manoeuvres take place this week across 850,000 square kilometres (330,000 square miles) of Iran's northeast, east, and southeast regions, Iranian mediareported.

About 8,000 elite and regular army troops will participate, backed by bombers and fighter planes, while missile, artillery and surveillance systems will be tested, they said.

Played out against a backdrop of high tension between the United States and Iran over Tehran's nuclear program, the "Velayat-4" manoeuvres will involve the biggest air drills the country has ever held, Iran's English-language Press TV said.

Western experts have challenged some of Iran's military assertions, saying it often exaggerates its capabilities.

"These drills convey a message of peace and security to regional countries," Shahrokh Shahram, spokesman for the exercises, told Press TV on Monday. "At the same time they send out a strong warning to those threatening Iran."

Last week, the U.S. Pentagon said Iranian planes opened fire on an unarmed U.S. drone over international waters on November 1. Iran said it had repelled "an enemy's unmanned aircraft" violating its airspace.

Senior researcher Pieter Wezeman of the Stockholm International Peace Research Institute said an international arms embargo imposed against Iran meant the country was using outdated military equipment, including aircraft.

"The U.N. embargo on supplies of most types of major weapons to Iran is blocking Iranian military modernisation," he said. "Iran is more and more falling behind in military terms."

But London-based defense analyst Paul Beaver said Iran's military should not be underestimated, describing it as "a pretty impressive organization".

"They are busy out there modifying, adapting, doing things to their technologies. They have made the most of what they have," he said.

Western powers have imposed sanctions on Iran's oil trade to press it to halt nuclear work they fear is aimed at developing the capability to build nuclear bombs. Iran denies the charge, saying its atomic activities are purely for peaceful purposes.

The United States and Israel have not ruled out military action if diplomacy fails to resolve the dispute.

FORWARD PLANNING

Although the Iranian air drills come just days after the Pentagon's announcement, the exercises appear to have been planned well in advance.

In September Farzad Esmaili, commander of the army's air defense force, said Iran was planning a large-scale air drill in coming months.

Various radar and other fixed, tactical and airborne surveillance systems would participate, Esmaili told state news agency IRNA on Thursday. The exercise will also test bombers, refueling planes and unmanned aircraft, Esmaili said.

Iranian media said on Monday that F-4, F-5, F-7, and F-14 fighters would take part.

Shahram told IRNA the drills would also focus on improving coordination between Iran's military and the elite Islamic Revolutionary Guard Corps.

On Sunday, Revolutionary Guards Brigadier General Amir Ali Hajizadeh said Iran believed the U.S. drone was gathering intelligence on oil tankers off its shores.

Mohammad Ali Jafari, the Guards' top commander, said his forces had acted well in repelling the drone. "If such intrusions take place in the future, we will protect our airspace," Jafari said on Sunday, according to Press TV.

Iranian officials have threatened to strike U.S. military bases in the region and target Israel if the country is attacked.

Iran has carried out a number of military simulations this year, including the "Great Prophet 7" missile exercises in July.

(Additional reporting by Fredrik Dahl in Vienna; Editing by Pravin Char)


"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?
11/13/2012 11:03:27 AM

Israel reports 'direct hits' on Syrian target


Associated Press/Ariel Schalit - An Israeli tank in a firing position in the Israeli-controlled Golan Heights overlooking the Syrian village of Bariqa, Monday, Nov. 12, 2012. The Israeli military says "Syrian mobile artillery" was hit after responding to stray mortar fire from its northern neighbor. The incident marked the second straight day that Israel has responded to fire from Syria that does not appear to be aimed at Israeli targets, nonetheless Israel has promised a tough response if the fire continues. (AP Photo/Ariel Schalit)

TEL HAZEKA, Golan Heights (AP) — Israeli tanks struck a Syrian artillery launcher Monday after a stray mortar shell flew into Israel-held territory, the first direct clash between the neighbors since the Syrian uprising began nearly two years ago.

The confrontation fueled new fears that the Syrian civil war could drag Israel into the violence, a scenario with grave consequences for the region. The fighting has already spilled into Lebanon,Jordan and Turkey.

"We are closely monitoring what is happening and will respond appropriately. We will not allow our borders to be violated or our citizens to be fired upon," Prime Minister Benjamin Netanyahu said Monday in a speech to foreign ambassadors.

While officials believe President Bashar Assad has no interest in picking a fight with Israel, they fear the embattled Syrian leader may try to draw Israel into the fighting in a bout of desperation. Israeli officials believe it is only a matter of time before Syrian rebels topple the longtime leader.

The conflict has already spilled over into several of Syria's other neighbors — whether in direct violence or in the flood of refugees fleeing the bloodshed.

On Monday, a Syrian fighter jet bombed a rebel-held area hugging the border with Turkey three times, killing 15 to 20 people, according to a Turkish official. Separately, eight wounded Syrians died in Turkey, the official said, speaking on condition of anonymity because he was not authorized to brief the media.

Potential Israeli involvement in Syria could be far more explosive. The bitter enemies both possess air forces, tanks and significant arsenals of missiles and other weapons.

Although the Israeli military is more modern and powerful, Syria has a collection of chemical weapons that could wreak havoc if deployed. Fighting between the countries could also drag in Syria's close ally, the Lebanese guerrilla group Hezbollah, or Islamic militant groups in the Gaza Strip on Israel's southern flank.

Israeli political scientist Dore Gold, an informal adviser to Netanyahu, said neither Israel nor Syria has any interest in escalating the fighting.

"I see no indication of Assad wanting to draw Israel in. But if violence comes from the Syrian army, or even forces operating in Syria that are affiliated with al-Qaida, Israel has to do what is necessary to make sure there's no spillover into Israeli territory," he said.

He described Israel's reaction Monday as a "carefully calibrated response."

"On the one hand, it shows Israel's determination to protect its civilians, and at the same time, it indicates it doesn't want to get drawn in," he said.

Israel has warily watched the fighting in Syria for months, carefully trying to avoid any involvement. It has found itself in a difficult position as the fighting rages near the frontier with the Golan Heights, a strategic plateau it captured from Syria in 1967 and later annexed.

A number of mortar shells have landed in the Golan in the past week. Early this month, Syrian tanks accidentally crossed into a buffer zone along the frontier for the first time in nearly 40 years.

Israel responded for the first time Sunday, firing what it called a "warning shot" into Syria after a mortar shell landed near an Israeli military post. Israel also warned of a tougher response if the attacks persisted.

In Monday's incident, the military said it reported "direct hits" on a mobile artillery launcher after another shell struck the Golan. It would not say whether the launcher belonged to the Syrian army, saying only it had targeted the "source of fire."

The Israeli military believes the mortar fire is spillover from internal fighting in Syria and not aimed at Israel. But officials say they are beginning to question that assessment after repeated breaches of the frontier.

The incident began when Syrian military units were shelling gunmen in the twin Syrian villages of Bariqa and Bir Ajam, only several hundred meters (yards) from Israeli-held territory. An Associated Press photographer on the Golan side saw gunmen, presumably rebels, running as explosions shook the village from the shelling by Syrian army mobile artillery visible about a mile away (2 kilometers).

The rebels fired back with automatic weapons and then fled, running toward the Golan border and taking refuge under some trees. A few minutes later, the rebels made their way back to the village.

Bursts of artillery fire from the Syrian forces could be heard every few minutes, and about a half-hour later, the Syrian shell struck the Golan, making a loud whistling sound before impact less than 100 meters (yards) from an Israeli position. Israeli forces quickly opened fire, and a plume of smoke billowed from one of the tanks' guns.

The Syrian Observatory for Human Rights, a Britain-based, anti-Assad group that relies on a network of activists on the ground in Syria, confirmed fighting in the area. It said three rebel fighters were killed Monday in clashes with the Syrian army in Bir Ajam.

The state-run news agency SANA has not reported on the fighting in the area or the clash with Israel.

Israel has little love for Assad, who has provided refuge and support to Israel's bitterest enemies through the years. But he and his father before him have kept the frontier quiet for nearly four decades, providing a rare source of stability in the volatile region.

Israel fears Assad may stage an attack if he fears his days are numbered. It also worries that Syria's chemical weapons could fall into the hands of Hezbollah or other anti-Israel militants. There also are concerns that al-Qaida-linked groups battling Assad could turn their focus toward Israel, or sectarian warfare might send refugees streaming into Israel.

The aftermath of Egypt's revolution has provided Israel with reason to worry about its frontier region with Syria: Egypt's Sinai desert on Israel's southern border has turned even more lawless since longtime Egyptian President Hosni Mubarak was ousted in February 2011. Islamic militants have frequently exploited the situation there to attack Israel.

The Golan frictions were a potent reminder of how easily the Syrian civil war could explode into a wider regional conflagration.

Syrian airstrikes on Ras al-Ayn, on the country's northern border, once again raised tensions with Turkey. Regime forces and rebels have been battling for days over the town, which is practically adjacent to the border.

Last week, Syrian rebels overran three security compounds in Ras al-Ayn and took control of the town, located in Syria's predominantly Kurdish, oil-producing northeastern province of al-Hasaka. A surge of 11,000 Syrians escaped into Turkey on Friday following the fighting at Ras al-Ayn.

Turkish Foreign Minister Ahmet Davutoglu, speaking to reporters in Rome, said Ankara had formally protested the bombings near the border, saying the attacks were endangering Turkey's security, state-run TRT television reported. He said Turkey had also reported the incident to NATO allies and to the U.N. Security Council.

Davutoglu said the bombings showed that the Syrian regime was attacking its people without making a distinction between "civilians or military units," according to TRT.

___

Federman reported from Jerusalem. Associated Press writers Lauren E. Bohn in Jerusalem, Aron Heller in Ashkelon, Israel, Suzan Frazer in Ankara, Turkey, and Mehmet Guzel in Ceylanpinar, Turkey, contributed to this report.

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

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