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Showing posts from August 6, 2006

Hizbullah's Computerised weaponry and high morale

Computerised weaponry and high morale Conal Urquhart in Metulla Friday August 11, 2006 The Guardian Israeli forces have been astonished at the discovery of networks of bunkers and computerised weapons in Hizbullah positions, according to officials. Troops have found air-conditioned bunkers 40 metres (125ft) below the ground and anti-tank weapons that originate in France, the US and Russia in southern Lebanon. Many of the tactics and weapons employed by Hizbullah have neutralised Israel's military superiority and made a complete victory difficult to achieve. Hizbullah's use of rockets to attack Israel was not unexpected but the Israeli armed forces have been repeatedly surprised since they went on the offensive a month ago. The first major shock was when Hizbullah narrowly missed sinking an Israeli destroyer with a Chinese shore-to-sea missile. Four were killed in the attack. "There were some weapons we did not know about," said General Ido Nehushtan. "Th

Current U.S. Federal Reserve Policy Could Accelerate Inflation

In the past two years, the U.S. Federal Reserve has taken an increasingly backseat approach in tightening monetary policy to confront steadily rising U.S. inflation. Focusing more on sustaining economic growth than containing accelerating inflation, the Fed appears to be on the verge of abandoning its two year-long tightening cycle. Seemingly unbeknownst to investors, the Fed also appears to have discarded its decades-long policy of preempting inflation. The Fed's new dovish place in the trunk could greatly accelerate inflation in the second half of 2006, prompting dollar depreciation and a sharp increase in U.S. bond yields. Fed Takes a Backseat Approach The gradualist approach used by the Federal Reserve to tightening monetary policy during the past two years has done little or nothing to slow economic growth to a non-inflationary rate. Fear of dampening the housing market boom and personal consumption expenditure growth persuaded the Greenspan Fed to slowly push interest rates

''Intelligence Brief: The Struggle within Hamas''

n June 25, 2006, all Palestinian factions, with the sole exception of Islamic Jihad, signed the National Conciliation Document. This agreement reflects the "prisoners' initiative," a document signed in May 2006 by a few of the most important political prisoners jailed in Israel, such as Fatah Secretary General Marwan Barghouti and senior Hamas leader Sheikh Abdel-Khaliq al-Natsheh. In late May 2006, Palestinian Authority President Mahmoud Abbas placed pressure on Hamas to accept the prisoners' initiative by calling a referendum on the document. Hamas rejected such a solution, but a few weeks later agreed with Abbas on the main points of the document. One of the main points of the agreement was the affirmation of a Palestinian state in the whole territory occupied by Israel after the Six Days War. This point represented a revolutionary concession by Hamas because it implies a two-state solution and an implicit recognition of Israel's existence. It was shortly afte

''Economic Brief: Alaska Pipeline Shutdown and the Rise of Oil Prices''

The August 6 announcement by major oil company BP that it will need to shutdown 400,000 barrels a day of oil production in Alaska is the latest development pushing crude oil futures toward US$80 per barrel. BP's shutdown came after an oil spill was discovered in Alaska's North Slope in March. After finding the hole in the pipeline responsible for the leak, the company admitted that the crack was part of a larger pipeline corrosion problem that will force BP to replace 25 kilometers (16 miles) of a 35-kilometer (22-mile) pipeline that originates in Prudhoe Bay in Alaska. The production halt is expected to last 60-90 days. The Alaskan shutdown is the latest contributing factor to record high oil prices. The upward trend of oil prices largely began in late 2003. At the start of the new century, oil prices fluctuated between $20 and $30 a barrel. The September 11, 2001 attacks on the United States damaged the U.S. economy severely, thus sending oil prices below $20 a barrel as a

Anti Hindu Congress govt extends its tentacles beyond the framework of law

8/7/2006, HK Correspondent On July 18, the anti Hindu Congress government in India banned several Hindu websites including Hindu Human Rights Organization websites. The Congress government headed by Italian Catholic Sonia Moina did not follow any natural justice or legal proceedings before the banning of Hindu websites. Legal and Human Rights experts say that there is nothing that could justify a blanket ban of these websites by the Congress government in New Delhi. Information and Broadcasting Ministry Official explained why the Indian government decided to ban Hindu Websites. The official highlighted that India wants to keep close relations with Muslims. According to another source within the government, the ban is a clear signal that congress government does not want the corrupt practices and anti Hindu policies being exposed in these websites. Several Indian journalists explained that the ban was an indication that the government had succumbed to the pressure from Sonia and Isl

What went wrong in Balochistan?

BY SANAULLAH BALOCH The situation in Balochistan has reached its lowest ebb since the military operation began in Balochistan in January 2005. The entire province is besieged; provincial government is abandoned, where the centre is directing the policies at its own will with the gun and stick by terming it development, assistance and people's betterment. The establishment has itself opened up a war inside Balochistan at all fronts. This has resulted in increasing polarisation between the Baloch population and the federal government particularly with military. The much-talked about Parliamentary Committee on Balochistan formed in September 2005 was supported and backed by all Baloch Nationalists Parties. According to the resolution passed in both houses of parliament, the timeframe for the committee to finalise its report was 90 days. Its first meeting was held on 7th October 2004, it was decided that two sub committees were to be formed, with the task of looking into the c

Harassement and Torture by TTD Vigilance and Officials

REPORT OF SRI OM PRAKASH AGARWAL TO THE SUDHARSHAN TV [ The following is a report of Sr Om Prakash Agarwal, Southern Coordinator of Sudharshan TV, sent to the authorities of the Sudharshan TV, regarding the harassement and torture by TTD Vigilance and Officials meted out to him and a Hindu social worker who went to Tirupati-Tirumalai to investigate about the Christian conversion and propaganda activities in the areas belonging to the most ancient Hindu temple where preaching and practice of any other religion is banned by law. The Christian employees in the service of Tirupati Tirumala Devasthanam, emboldened by the clandestine support of the Andhra Government headed by a Christian Chief Minister, had the guts to lay their hands on a Hindu media person and subject him to inhuman torture. The video cassttes seized from him have not been returned to him though he was let off. The Udupi Pejawar Mutt Peedaatheeswar, Sri Vishwesa Teertha, had appointed a fact finding committee