And that is all.

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Wednesday, March 4, 2009

Floatin' Powa News Service: The Curse of the Prophetic Pencil

The elders and prominent men are the head.
The prophets who teach lies are the tail.
~ Isaiah 9:15

The Prophet's Song
Soon the cold of night will fall
Summoned by your own hand

No one calls for justice;
no one pleads his case with integrity.
They rely on empty arguments and speak lies;
they conceive trouble and give birth to evil.
~ Isaiah 59:4

Obama denies offering Russia missile shield deal

World Powers Want Direct Nuclear Talks with Iran

Iran: Israel a 'Cancer,' Holocaust a 'Big Lie'

Russia seems open to discussing US plan on Iran

Russia, Iran discuss oil, gas cooperation

James Baker Sez:
On Thursday, we are scheduled to testify before the House Committee on Foreign Affairs to present a proposal that we hope will help foster bipartisan consensus on the most agonizing decision our nation must ever make — whether to go to war.
....Plouffe will explore how to harness the power of social networking to build BRAND LOYALTY and leadership

British Prime Minister to Address US Congress

Strange goings on surrounding the program for the first day of Gordon Brown's visit to Washington.

No sooner had the Prime Minister's plane touched down at Andrews Air Force on Monday evening when word was passed to travelling Westminster correspondents that the press conference they'd been told to expect had been called off "because of snow".
Spanish PM: Russia is vital for international order

Ukraine May Miss Deadline for Gazprom Gas Payment
Your kneecaps we will break.

Did I not tell you a week ago Vlad would not be having it?

Chevron Confirms Commitment to Develop Niger DeltaVlad won't like it. he already canceled your JV's, booted your asses out of Siberia, and the Gold Man Sacks gave you the thumbs down. This could spark a yet another small African war. Oh wait a minute, there already IS a war there , isn't there.

TODAY: Chevron delays major projects in Nigeria, bemoans rising costs

China plans oil refinery in Tianjin with Russia

Hong Kong’s Richest to Underwrite $1.1 Billion of HSBC’s Offer

China hunts for Europe takeovers as stocks jump

THE COUNCIL ON FOREIGN RELATIONS presents for your Plebian edification:

The Meaning of Nationalization

For decades now, "nationalization" has been a dirty word in U.S. business circles. The term conjures associations abhorrent to most economists--from dysfunctional resource-rich nations seizing the assets of foreign companies to bloated European government structures suffocating on bureaucracy. A government taking control of private companies, many economists said, was antithetical to free-market policy and dangerously close to socialism. But with the largest U.S. banks facing existential challenges, economic urgency has upended the debate over nationalization.
GM, Chrysler Sales Pressure US to Provide Aid or Risk Failure's your throat back, thanks for the loan.

Gold Man Sacks prophesyeth: Rupee to appreciate 10%
Render unto the Gold Man what is the Gold Mans.

More Than 8.3 Million US Mortgages Are Under Water

Details of "Hosing Rescue Plan" are revealed:

•Loan Refinancing.

Up to 5 million homeowners with a solid payment history on mortgages held or owned by Freddie Mac and Fannie Mae will be eligible to refinance into more affordable terms. Normally, these borrowers would have been unable to refinance because heir homes have lost value, pushing their current loan-to-value ratios above 80%. The program will end in 2010.

•Loan Modifications.

Lenders and other servicers can immediately begin making modifications that could help up to 4 million at-risk homeowners stay in their properties.To be eligible, homeowners must have loans that originated on or before Jan. 1, 2009. Eligible are first-lien loans on owner-occupied properties with unpaid principal balances up to $729,750. Higher limits will be allowed for owner-occupied properties with two to four units.All borrowers must document income, which includes providing information such as two most recent pay stubs and an affidavit of financial hardship. The program will run until Dec. 31, 2012. Incentives also are provided to get lenders to modify mortgages if a borrower isn't late on payments but is at risk of default.

•Lenders and other servicers.

Lenders will be required to use a formula — basically, a net value test — on each loan that is 60 days past due or delinquent. The test basically requires servicers to do the modification if the net present value of cash flows with a modification is greater than without a reworking.Servicers also must follow an established process to reduce the monthly payment to no more than 31% of the borrowers' gross monthly income. In order to do that, lenders will first reduce the interest rate on the loan and then extend the term of the loan to up to 40 years.Servicers will get financial incentives, such as an up-front fee of $1,000 per modification, to encourage participation.

ADP Says US Companies Reduced Payrolls by 697,000

House takes up abortion regulation bill

Barack Obama has signed a presidential memorandum to restore "the scientific process" in endangered species decisions. Obama says the process was undermined by a last-minute regulation by the Bush administration
In a move that will subject a number of government projects to enhanced environmental and scientific scrutiny, President Obama is restoring a requirement that U.S. agencies consult with independent federal experts to determine whether their actions might harm threatened and endangered species.
Raytheon employee convicted of child molestation

Deadlines approach for American Atheists convention

Git yer tickets while you can! I hear it's entirely souled out.

Mexican troops enter drug war city
More than 1,500 Mexican troops have moved into a city on the US border being fought over by rival drug gangs.
Mexico "deeply" worried about deadly border city

Mexico: Drug War Threatens Civil Rule

5.1 in Indonesia

Britain to give Sen. Kennedy honorary knighthood

UK: Second earthquake hits coast town

So justice is far from us,
and righteousness does not reach us.
We look for light, but all is darkness;
for brightness, but we walk in deep shadows.

Like the blind we grope along the wall,
feeling our way like men without eyes.
At midday we stumble as if it were twilight;
among the strong, we are like the dead.
We all growl like bears;
we moan mournfully like doves.
We look for justice, but find none;
for deliverance, but it is far away.
For our offenses are many in your sight,
and our sins testify against us.
Our offenses are ever with us,
and we acknowledge our iniquities:
rebellion and treachery against the LORD,
turning our backs on our God,
fomenting oppression and revolt,
uttering lies our hearts have conceived.

So justice is driven back,
and righteousness stands at a distance;
truth has stumbled in the streets,
honesty cannot enter.

Truth is nowhere to be found,
and whoever shuns evil becomes a prey.
The LORD looked and was displeased
that there was no justice.
He saw that there was no one,
he was appalled that there was no one to intervene;
so his own arm worked salvation for him,
and his own righteousness sustained him.

He put on righteousness as his breastplate,
and the helmet of salvation on his head;
he put on the garments of vengeance
and wrapped himself in zeal as in a cloak.
According to what they have done,
so will he repay
wrath to his enemies
and retribution to his foes;
he will repay the islands their due.

From the west, men will fear the name of the LORD,
and from the rising of the sun, they will revere his glory.
For he will come like a pent-up flood
that the breath of the LORD drives along.
"The Redeemer will come to Zion,
to those in Jacob who repent of their sins,"
declares the LORD.

"As for me, this is my covenant with them," says the LORD. "My Spirit, who is on you, and my words that I have put in your mouth will not depart from your mouth, or from the mouths of your children, or from the mouths of their descendants from this time on and forever," says the LORD.
~ Isaiah 59:9-21

Procol Harum
Pilgrim's Progress

At first I took my weight to be an anchor
and gathered up my fears to guide me round
but then I clearly saw my own delusion
and found my struggles further bogged me down

In starting out I thought to go exploring
and set my foot upon the nearest road
In vain I looked to find the promised turning
but only saw how far I was from home

In searching I forsook the paths of learning
and sought instead to find some pirate's gold
In fighting I did hurt those dearest to me
and still no hidden truths could I unfold

I sat me down to write a simple story
which maybe in the end became a song
The words have all been writ by one before me
We're taking turns in trying to pass them on
Oh, we're taking turns in trying to pass them on

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