World Events and the Bible

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

Category: News (page 1126 of 1151)

Cyprus Told: Take Bank Levy or Leave Euro

Wealthy Russians stand to lose billions of euros in Cypriot banks under draconian terms being hammered out on Sunday night in Brussels to prevent the Mediterranean tax haven becoming the first country forced out of the single currency.

Negotiations got underway amid a hardening of the stance held by the International Monetary Fund and Germany, who insisted that depositors must take the hit for bailing out the eurozone’s latest crisis economy.

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Rumors Abound: Unconfirmed reports of Syrian President Bashar Assad’s shooting highlight chaos in country

Assad was supposedly shot by his Iranian bodyguard Saturday night, with at least one website saying he had been ‘assassinated.’ But other online updates by Arab and Israeli media say the report was untrue.

Online reports of Syrian President Bashar Assad’s death appeared greatly exaggerated Sunday.

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Israel fires into Syria after Golan attack on troops

Israel said it fired into Syria on Sunday and destroyed a machinegun position in the Golan Heights from where shots had been fired at Israeli soldiers in a further spillover of the Syrian civil war along a tense front.

It was not immediately clear whether Israel held Syrian troops or rebels responsible for what a spokesman for Prime Minister Benjamin Netanyahu said had been a deliberate attack on Israeli patrols in the occupied territory.

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Magnitude 6 earthquakes strike Kuril Islands and Vanuatu

A 6.1 magnitude earthquake struck off the coast of far-eastern Russia early Sunday, the US Geological Survey reported. The quake, which hit at 0418 GMT at a depth of 9.7 kilometers (six miles), was centered 269 kilometers from the eastern Russian city of Ozernovsky, on the southern tip of the Kamchatka peninsula.

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“The Reality Is The Financial System Could Fail At Any Time”

Today Egon von Greyerz, who spoke with King World News from Switzerland, warned that the global financial system could fail at any time now.  Greyerz, who is founder of Matterhorn Asset Management, also said the Cyprus disaster is now set to engulf the world.  Below is what Greyerz had to say in this remarkable interview:

Greyerz: “Eric, Cyprus is a momentous event.  Losses could be in the tens of billions of dollars.  But like all major crises there is always a catalyst, and whether it was a shot in Sarajevo (assassination of Archduke Ferdinand which started World War I), or the fall of the Credit-Anstalt in Austria in 1931, there is always an event in history which people look back on as the start of tremendous global turmoil.  Cyprus could very well be that event.
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Obama To Hit The Trail On A Mission To Revive Gun Control Fight

President Barack Obama is ready to hit the road on a new campaign-style public relations trip, hoping to breathe new life into the push for stronger gun control laws.

With Senate Majority Leader Harry Reid planning to bring a scaled back package of gun legislation to the Senate floor early next month, the White House is hoping they can rebuild some of the momentum that has been lost in the months since the Newtown shootings.

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Cyprus, Troika agree to 20% tax on deposits over 100,000 euros at Bank of Cyprus

Cyprus and the Troika have agreed to a 20 per cent tax on deposits over 100,000 euros at the Bank of Cyprus and 4 per cent on deposits held at other banks.

A senior Cypriot official told Reuters that a plan to tap nationalized pension funds would not be a part of a plan to raise billions of euros in return for a bailout from the European Union. Cyprus said earlier on Saturday that it was looking at seizing a quarter of the value of big deposits at its largest bank in order to raise such funds. 

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Senate Passes $3.7 Trillion Budget, Its First in 4 Years

After a grueling, all-night debate that ended close to 5 a.m., the Senate on Saturday adopted its first budget in four years, a $3.7 trillion blueprint for 2014 that would fast-track passage of tax increases, trim spending gingerly and leave the government still deeply in the debt a decade from now.

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Coldest March Weekend in 50 Years: Blizzards, 60mph gales and panic buying

Up to 16ins will fall over high ground with several inches likely across much of the UK, the Met Office said last night.
Over 1,000 schools were shut and transport was disrupted as any hopes of spring were dashed by yet another onslaught of snow and flooding today as temperatures fell as low as -12C (10F).
Emergency services saw an early surge in -related call-outs as some parts of the country were hit by blizzard conditions. Government agencies issued a string of warnings urging the public to take care on the roads.

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Syria chemical weapons: finger pointed at jihadists

Whatever happened last week in the town of Khan al-Assal, west of Aleppo, it achieved something extraordinary in the Syrian civil war: unity among Washington, Moscow and Damascus.

All welcomed the rapid decision by Ban Ki-moon, the United Nations secretary-general, to investigate an alleged chemical attack that reportedly killed 26, including Syrian soldiers. 

Cyprus now looks to take 25 percent from bank accounts

(Video) Cyprus said on Saturday it was looking at seizing a quarter of the value of big deposits at its largest bank as it races to raise the funds for a bailout from the European Union and to avert financial collapse.

Finance Minister Michael Sarris said “significant progress” had been made in talks in Nicosia with officials from the European Union, European Central Bank and International Monetary Fund.

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15 Members of Congress Demand Investigation of Obama’s Ammo Horde

Californian Congressman Doug LaMalfa and 14 of his House peers have written a letter to the Department of Homeland Security demanding to know why the federal agency is buying so many rounds of ammunition and whether the purchases are part of a deliberate attempt to restrict supply to the American people.
The DHS has committed to purchasing around 2 billion rounds of ammunition over the course of the last year. Many believe the purchases are exacerbating bullet shortages across the country, supplies already strained by record sales prompted as a result of the Obama administration’s gun control agenda.

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