World Events and the Bible

A site dedicated to World Events and Study of the Bible.

Date: October 22, 2015

Things Are Getting Scary: Global Police, Precrime and the War on Domestic ‘Extremists’

Global Trade Is Collapsing As The Worldwide Economic Recession Deepens

Source: Economic Collapse Blog | When the global economy is doing well, the amount of stuff that is imported and exported around the world goes up, and when the global economy is in recession, the amount of stuff that is imported and exported around the world goes down.  It is just basic economics.  Governments around the world have become very adept at manipulating other measures of economic activity such as GDP, but the trade numbers are more difficult to fudge.  Today, China accounts for more global trade than anyone else on the entire planet, and we have just learned that Chinese exports and Chinese imports are both collapsing right now.  But this is just part of a larger trend.  As I discussed the other day, British banking giant HSBC has reported that total global trade is down 8.4 percent so far in 2015, and global GDP expressed in U.S. dollars is down 3.4 percent.  The only other times global trade has plummeted this much has been during other global recessions, and it appears that this new downturn is only just beginning.

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Obama Unveils Roadmap To ‘Bailout’ Puerto Rico: “New” Bankruptcy Rules & Federal Fiscal Oversight

America is not Greece, but judging from the Obama administration’s just-unveiled plans to bailout Puerto Rico’s disastrous debt situation, the American territory may have to sacrifice a little more sovereignty to get some relief. Obama is pressing for Congress to give Puerto Rico (PR) sweeping powers to reduce its $73 billion debt burden through a form of bankruptcy protection not now available to American territories and will also ask lawmakers to establish an independent body to monitor the island’s fiscal affairs (a la Troika). While the proposals likely face an uphill battle in Congress, as NYTimes reports, both Democrats and Republicans are under pressure to respond because Puerto Ricans are flooding the US, particularly in central Florida, and are becoming an increasingly important voting block in the 2016 presidential race.
Source: Obama Unveils Roadmap To ‘Bailout’ Puerto Rico: “New” Bankruptcy Rules & Federal Fiscal Oversight | Zero Hedge

Detroit pastor shoots, kills hammer-wielding church intruder

A pistol-packing pastor shot and killed a man who was allegedly trying to attack him with a brick on Sunday in the vestibule of a Detroit church, police said.

Cops say Deante Smith, 25, attacked the unidentified pastor and threatened several parishioners of The City of God church with a brick and hammer, FOX2 reported. Police said the attack was not random; the pastor and Smith knew each other and the two have had problems in the past.
Source: Detroit pastor shoots, kills hammer-wielding church intruder | Fox News

Lawmaker seeks mandatory $250K liability insurance for gun owners

WEB Notes:

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Bigger bite for health law penalty on uninsured

The math is harsh: The federal penalty for having no health insurance is set to jump to $695, and the Obama administration is being urged to highlight that cold fact to help drive its new pitch for health law sign-ups.

That means the 2016 sign-up season starting Nov. 1 could see penalties become a bigger focus to motivate millions of people who have remained eligible for coverage, but uninsured. They’re said to be more skeptical about the value of health insurance.
Source: My Way News – Bigger bite for health law penalty on uninsured

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