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Archive for April 16, 2008

China Dumps Dollar - US Meltdown Underway

Comments by China that it intends to move away from its reliance on the dollar triggered a sharp drop in the Dow Jones Industrial Average and heightened worldwide fears about the U.S. currency’s stability. Chinese Central Bank Vice Director Xiu Jian said that his country is planning to shift much of its $1.4 trillion national currency reserve from dollars to more stable currencies, such as the euro or Canadian dollar. After these comments, the dollar fell to record lows relative to other currencies — the lowest ever against the euro, the lowest in a generation against the British pound, and the lowest in 57 years against the Canadian dollar.”The big issue on any currency is if its rate of depreciation is so fast that it scares away all capital, and the announcement that we heard from China sort of feeds those fears,” said Larry Smith, chief investment officer at Third Wave Global Investors.

China is the world’s largest investor in U.S. Treasury bonds and securities, holding more U.S. debt than any country but Japan. Because China’s currency is linked to the dollar, the country also maintains a massive reserve of the currency.

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Heterosexuality Is Homophobia In Australia

SCHOOLS will not move to stop using words like mum and dad, or girlfriend and boyfriend, the New South Wales Education Department says, despite reports that public schools are under pressure to provide gay-friendly environments.Changes to terminology, such as using the word “partner” to cover heterosexual relationships, are being sought by gay lobbyists bent on reducing discrimination in a major anti-homophobia push in the state’s schools, The Daily Telegraph reports.

But Department of Education and Training director-general Michael Coutts-Trotter says there is no move to stop using terms such as boyfriend, girlfriend, mum or dad in public school classrooms.

Media reports that there are moves to stop using these terms are “simply wrong”, Mr Coutts-Trotter said today.

“Public schools do not tolerate discrimination of any kind, whether on the grounds of religion, race, disability, gender or sexual preference,” he said.

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Chinese Ship with Weapons for Robert Mugabe arrives in South African Port

Durban - The SA Police Explosives Unit confirmed on Wednesday that an uncleared Chinese vessel docked at the outer anchorage of the Port of Durban is carrying arms.Customs revealed that the shipment was destined for Zimbabwe.

Inspector Nicholas Gunther of the SA Explosives Unit in Durban told Sapa the vessel - called ‘An Yue Jiang’ - was carrying a shipment of arms.

“We went there just now and they are not being allowed in,” he said. “There was a problem with the documents they submitted and we have directed the matter to the Chief Inspector of Explosives in Pretoria, Senior Superintendent van Sittert and it may take days for them to get clearance,” said Gunther.

And if the vessel does not get clearance, it would have to leave.

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Silvio Berlusconi vows to reform Immigration

The winner in Italy’s national elections, Silvio Berlusconi, has promised to form a streamlined Cabinet that could get to work quickly to tackle the country’s problems. After his center-right coalition emerged with a large enough majority to govern, the former prime minister said he will select a team of people who know the problems with the machinery of the government.Conservative media mogul Silvio Berlusconi thanked his voters and said he will immediately get down to work.

He obtained a better result than commentators had predicted. But he must keep the Northern League party happy. That party won 8 percent of the vote, giving Mr. Berlusconi his majority in parliament.

Umberto Bossi, leader of the Northern League, said the people who voted for his party are those who want a different country, more democratic and more federalist. He said his party, which wants tougher restrictions on immigration, is in agreement with Mr. Berlusconi and they will work together.

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Brigitte Bardot on trial for Muslim slur

Fines and prison sentences for questioning Islam - exactly whose land is this, then?

Victim : Brigitte Bardot

“FORMER French film star Brigitte Bardot has gone on trial for allegedly insulting Muslims, the fifth time she has faced the charge of “inciting racial hatred” over her controversial remarks about Islam and its followers.Prosecutors asked that the Paris court hand the 73-year-old former sex symbol a two-month suspended prison sentence and fine her 15,000 euros (A$23,760) for saying the Muslim community was “destroying our country and imposing its acts’

Brigitte Bardot is facing two months in prison for allegedly inciting racial hatred against Muslims.

The French movie legend turned animal rights activist is being prosecuted for writing an open letter complaining about the alleged cruelty of Muslims towards sheep during their annual Eid-el-Kebir festival.

In the letter addressed to president Nicolas Sarkozy, she wrote: “We are fed up with being led by the nose by this entire population who are destroying us and our way of life.”

The 74-year-old former actress has been convicted and fined four times for anti-gay and racist remarks.

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SA: When you work with Blacks…Eskom strategy meeting

Another day in SA: Man shot 7 times while protecting his family

This is IOL’s version of what happened:

A Woodhill man is in a critical condition in hospital, following a shooting during a house robbery on Tuesday, Pretoria police said.

Spokesperson Captain Phillip Lekoantsane said robbers entered a house in Mooikloof Gardens around 2am where a couple was asleep.

“The couple heard a noise and woke up. They saw a man who had a 9mm pistol - and who opened fire on them.”

The occupant of the house - in his forties - was seriously injured and he was in a critical but stable condition in hospital, said Lokoantsane.

The woman in the house escaped with minor injuries.

Lokoantsane said the robbers fled with a cellphone.

This is what really happened:

What the article didn’t say was that the man, Jannie Fourie, was shot seven times after he attacked the two robbers who were about to murder his wife and two young sons. The savages were of course armed with a 9mm pistol and a revolver.

Jannie’s one son, Brendan (3) had trouble falling asleep that night and Bernice, Jannie’s wife, was with him when the robbers attacked. They tried to enter Brendan’s room, but Bernice slammed the door shut and pushed against it with all her might in a desperate attempt to prevent them from entering her son’s bedroom. The robbers then opened fire on the door and a bullet hit Bernice in the elbow. Luckily it was only a flesh wound.

 

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European Union : Future Soviet Union ?

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