Most Intersting world News of this Week

NASA CONFIRMS ALIEN INVASION!

2011-08-19T17:52:00.000-07:00

HOUSTON – NASA confirmed today that aliens are invading earth – and they are attacking us because of global warming!
WWN has been the ONLY media source reporting on the ongoing alien invasion. WWN’s own Frank Lake has been the top investigative reporter in the world on this issue. Governments around the globe have been covering up the invasion in order to avoid worldwide panic. But WWN feels we must report the truth, and if we take peaceful actions now – we can avoid a war with aliens.
As reported here many times, the U.N. Panel on Extraterrestrials has confirmed that aliens from Planet Zeeba began invading our planet – in large numbers – in October, 2010. The U.N. Panel, led by Dr. John Malley, predicts that the invasion will last until December 2015 – at which time earth will be under full control of the aliens from Zeeba. If we act now, we can co-exist peacefully with the aliens.
In a stunning announcement today, NASA confirmed Frank Lake’s reportage. ”Aliens have been invading our planet in ever-increasing numbers,” warns a report from NASA.
The reason?
NASA says that rising greenhouse emissions may have tipped off aliens that we are a rapidly expanding threat. “Watching from afar, extraterrestrials have viewed changes in Earth’s atmosphere as symptomatic of a civilization out of control – and are taking drastic action to keep us from becoming a more serious threat,” NASA researchers explain.

Scientists at Pennsylvania State University predict that humans and aliens from Zeeba will make direct contact with each other by the end of 2012.
Jessica Wygal-Markum of NASA’s Planetary Science Division and her colleagues compiled a list of plausible outcomes that could unfold in the aftermath of a close encounter, to help humanity “prepare for actual contact”.
In the report, “When Humans Meet Zeebans,” the researchers divide alien contacts into three broad categories: beneficial, neutral or harmful.
Beneficial encounters were productive and peaceful meetings held with extraterrestrial intelligence (ETI). These meetings will help us advance our knowledge and solve global problems such as hunger, poverty and disease.
One of the scientists, Joyti Aggarwalla, thought another beneficial outcome would be humanity triumph over a more powerful alien aggressor, or even being saved by a second group of ETs – possibly from Mars. “In these scenarios, humanity benefits not only from the major moral victory of having defeated a daunting rival, but also from the opportunity to reverse-engineer ETI technology,” the authors write.

Other kinds of close encounters may be less rewarding and leave much of human society feeling indifferent towards aliens. The Zeebans may be too different from us for meaningful communication to take place. They might invite humanity to join the “Galactic Club” only for us to find the entry requirements to be too bureaucratic and tedious for humans to bother with or the club mascot may have a foul odor or terrify small children.
The most unappealing outcomes would arise if the aliens from Planet Zeeba caused harm to humanity. While aliens may arrive to eat, enslave or attack us, the report adds that people might also suffer from being physically crushed or by contracting diseases carried by the visitors. In especially unfortunate incidents, humanity could be wiped out when a more advanced civilisation accidentally unleashes an unfriendly artificial intelligence, or performs a catastrophic physics experiment that renders a portion of the galaxy uninhabitable.
To bolster humanity’s chances of survival, the researchers call for caution in sending signals into space and to send Alien Search Teams across the planet – to peacefully attempt to connect with the aliens.

The authors of the NASA report warn that extraterrestrials may be wary of civilisations that expand very rapidly, as these may be prone to destroy other life as they grow, just as humans have pushed species to extinction on Earth. In the most extreme scenario, aliens might choose to destroy humanity to protect other civilizations.
Let’s hope that humanity makes the right choice and makes peaceful overtures to the aliens amongst us. If not… well, our days are numbered.

article was taken from http://weeklyworldnews.com

Stocks Fall Anew on Debt Worries and the Economy

2011-08-19T14:45:00.000-07:00

By GRAHAM BOWLEY and CHRISTINE HAUSER

Published: August 18, 2011

After just a few days of calm, stock markets heaved again on Thursday, sending major American indexes down as much as 5 percent on persistent worries about the economy and Europe’s debt problems.

The turmoil of last week returned with a vengeance as investors dumped stocks of companies that would suffer if worldwide growth slowed and the United States, in particular, broached another recession.
But the declines began in Asia and in Europe, where an unidentified bank had resorted to borrowing from the European Central Bank, hinting of strains in the banking system that some fear could ripple to the United States. Europe’s chronic debt problem continues to plague the Continent’s banks because so many of their assets are invested in the region’s troubled countries.
Investors rushed into United States Treasuries as a safe haven, despite unease about how the government will address its deficit and economic slowdown. Bond prices rose and the yield on the 10-year bond fell below 2 percent for the first time since at least the early 1960s.
The Dow Jones industrial average fell 419.63 points on the day, or 3.7 percent, to 10,990.58. The Standard & Poor’s 500-stock index dropped 4.5 percent to 1,140.65. The technology-laden Nasdaq composite fell the most, ending down 5.2 percent at 2,380.43.
Gold rose along with Treasuries as investors sought safety. Oil prices fell on expectations that demand would be tempered in a slowdown.
The S.& P. 500 has now fallen more than 16 percent from its April 29 peak. It is once again near bear market territory, defined as a fall of 20 percent.
Analysts said the fear stalking markets was not going away. “We took a little break for a couple days, and it is reinstating itself and I just think that this should probably be expected,” said Nick Kalivas, an analyst at MF Global in New York.
After the sell-offs in Asia and Europe on Thursday, stock prices opened lower in the United States on a spate of dismal economic data. Consumer prices suggested inflation was picking up, and jobless claims rose, defying hopes that the nation’s high unemployment rate might slide.
The big stock plunge, though, came around 10 a.m., when the Federal Reserve Bank of Philadelphia reported a sharp drop in regional manufacturing activity in its monthly survey, deepening worries that the economy may dip back into recession.
That report came a day after Morgan Stanley lowered its forecasts for both worldwide and domestic economic growth, partly because it expected cuts in government spending in Europe and the United States to damp recoveries. It described the United States and the euro area as “hovering dangerously close to a recession” and said it would not take much in the form of additional shocks to tip the balance.
The yield on 10-year Treasury bonds dropped to 1.97 percent on the Philadelphia Fed news before recovering to close at 2.07. According to data from Bloomberg, that low during the day was the lowest yield since at least 1962. Global Financial Data, a supplier of historical financial and economic statistics, said it was the lowest since 1950.
“What freaked me out today was that Philly Fed number,” said James W. Paulsen, chief investment strategist for Wells Capital Management. “That was the first number that says recession.”
That sentiment was echoed by Eric Green, an economist at TD Securities. “When you have an economy operating at stall speed facing these headwinds, it does not take much to tip it over the edge,” he said. “You read a report like this and you think we are going over the edge.”
Credit Suisse said in a note that if the Philadelphia numbers proved a national barometer, and that was unknown, “then a recession likely began in August.”
The latest worries about Europe’s banks flared after an unnamed lender tapped an emergency borrowing program, which was established by the European Central Bank to ensure that firms had ample money in dollars.
The bank borrowed $500 million, a relatively modest sum. But it was the first time a bank had turned to the special program since February, and it set off worries that at least some banks might be struggling to find dollars to finance their operations.
Regulators and bank executives played down the possibility that it could lead to a repeat of the 2008 financial crisis, when credit markets froze virtually around the world.
But that news, combined with a report that the New York Federal Reserve has in recent weeks been more closely monitoring the American subsidiaries of European banks, pushed down bank shares in Europe and then in the United States.
The shares of Dexia, a large Belgian bank, fell 14 percent. Société Générale fell 12.3 percent. Shares in two British banks, Royal Bank of Scotland and Barclays Bank, fell sharply. In the United States, Citigroup fell 6.3 percent to $27.98, and Bank of America fell 6 percent to $7.01.
American banks are probably in better financial shape than they were on the eve of the 2008 crisis. But the sell-off reflects fears that the troubles brewing among European lenders could spread across the Atlantic.
“It is just a measure of the whole negative sentiment in the markets,” said Mr. Green of TD Securities.
Asian Pacific stock markets, which missed the worst of the selling on Thursday, fell sharply in early trading on Friday. The Nikkei 225 in Japan was 2.15 percent lower midday. Stocks in South Korea sagged 4.3 percent, and the major index in Australia was down 2.64 percent.
Gold rose to a non-inflation adjusted record of more than $1,837 an ounce. Futures on the S.& P. 500 index were o.4 percent lower in Asia.
The United States stock market began to gyrate wildly this month after Standard & Poor’s decision late on Aug. 5 to downgrade America’s long-term credit rating. There were alternating gains and losses of more than 4 percent on four subsequent trading days — which had never before happened in the history of the S.& P. index, which dates to 1928.
Stocks were buoyed by the Federal Reserve’s announcement that it would keep short-term interest rates close to zero for the next two years. This week, corporate profits spurred some optimism. So did a $12.5 billion deal by Google.
On Thursday, the sell-off was broad, with all 10 sectors of the S.& P. 500 finishing lower; most rattled were industrial and material companies. So far this month, financial stocks are the worst performers.
Extreme volatility is likely to continue, market analysts say, as long as there is uncertainty about how the chronic debt crisis in the euro zone will be resolved and about whether the global economy is slipping. Policy makers in Europe and the United States have yet to demonstrate the kind of forceful leadership that would instill confidence, they assert.
The VIX, a measure of stock market volatility, which eased last week, snapped back by about one-third on Thursday, to a reading of 42.67, suggesting that investors had grown more fearful.
So far, at least, credit markets in the United States have shown few signs of stress, bolstered by the cheap financing supported by the Federal Reserve.
But the European credit markets are signaling some increased levels of strain, though still far from that experienced nearly three years ago.
For example, interbank lending rates in Europe — a measure of banks’ willingness or reluctance to lend to each other — have risen. Swap rates in the foreign exchange market, which allows banks to swap euros for dollars, have doubled from a few months ago. They remain less than half the levels reached during the financial crisis.

Fewer Youths to Be Deported in New Policy

2011-08-19T12:18:00.000-07:00

By ROBERT PEAR

Published: August 18, 2011

WASHINGTON — The Obama administration announced Thursday that it would suspend deportation proceedings against many illegal immigrants who pose no threat to national security or public safety.

Times Topic: Immigration and Emigration

The new policy is expected to help thousands of illegal immigrants who came to the United States as young children, graduated from high school and want to go on to college or serve in the armed forces.
White House and immigration officials said they would exercise “prosecutorial discretion” to focus enforcement efforts on cases involving criminals and people who have flagrantly violated immigration laws.
Under the new policy, the secretary of homeland security, Janet Napolitano, can provide relief, on a case-by-case basis, to young people who are in the country illegally but pose no threat to national security or to the public safety.
The decision would, through administrative action, help many intended beneficiaries of legislation that has been stalled in Congress for a decade. The sponsor of the legislation, Senator Richard J. Durbin of Illinois, the No. 2 Senate Democrat, has argued that “these young people should not be punished for their parents’ mistakes.”
The action would also bolster President Obama’s reputation with Latino voters as he heads into the 2012 election. Just a week ago the leaders of major Hispanic organizations criticized his record, saying in a report that Mr. Obama and Congress had “overpromised and underdelivered” on immigration and other issues of concern to Latino voters, a major force in some swing states.
The chairman of the House Judiciary Committee, Representative Lamar Smith, Republican of Texas, denounced the new policy.
“The Obama administration has again made clear its plan to grant backdoor amnesty to illegal immigrants,” Mr. Smith said. “The administration should enforce immigration laws, not look for ways to ignore them. Officials should remember the oath of office they took to uphold the Constitution and the laws of the land.”
White House officials emphasized that they were not granting relief to a whole class of people, but would review cases one by one, using new standards meant to distinguish low- and high-priority cases.
“The president has said on numerous occasions that it makes no sense to expend our enforcement resources on low-priority cases, such as individuals” who were brought to this country as young children and know no other home, Ms. Napolitano said in a letter to Mr. Durbin.
She said that low-priority cases were “clogging immigration court dockets” and diverting enforcement resources away from individuals who pose a threat to public safety.
Mr. Durbin said he believed the new policy would stop the deportation of most people who would qualify for relief under his bill, known as the Dream Act (formally the Development, Relief and Education for Alien Minors Act).
Some experts have estimated that more than two million people might be eligible to apply for legal status under the Dream Act. Mr. Durbin’s office estimates that 100,000 to 200,000 could eventually earn citizenship, though the numbers are uncertain.
Under the new policy, the government will review 300,000 cases of people in deportation proceedings to identify those who might qualify for relief and those who should be expelled as soon as possible.
White House officials said the new policy could help illegal immigrants with family members in the United States. The White House is interpreting “family” to include partners of lesbian, gay and bisexual people.
Richard Socarides, a New York lawyer who was an adviser to President Bill Clinton on gay issues, said, “The new policy will end, at least for now, the deportations of gay people legally married to their same-sex American citizen partners, and it may extend to other people in same-sex partnerships.”
J. Kevin Appleby, director of migration policy at the United States Conference of Catholic Bishops, said the initiative would keep immigrant families together. “It is consistent with the teaching of the church that human rights should be respected, regardless of an immigrant’s legal status,” he said.
Cecilia Muñoz, a White House official who helped develop the new policy, said officials would suspend deportation proceedings in low-priority cases that, for example, involve “military veterans and the spouses of active-duty military personnel.”
Stephen W. Yale-Loehr, who teaches immigration law at Cornell, said the new policy could also benefit “illegal immigrants who were stopped for traffic violations and thrown into deportation proceedings, as well as people whose only violation of immigration law is that they stayed beyond the expiration of their visas or worked here illegally.” Ms. Napolitano said her agency and the Justice Department would do the case-by-case review of all people in deportation proceedings.
Those who qualify for relief can apply for permission to work in the United States and will probably receive it, officials said.
The new policy “will not provide categorical relief for any group” and “will not alleviate the need for passage of the Dream Act or for larger reforms to our immigration laws,” Ms. Napolitano said.
People in deportation proceedings stand to benefit most from the new policy. The new enforcement priorities also make it less likely that the government will begin such proceedings in the future against people who have no criminal records and pose no threat to national security.
White House officials said the new policy ratified guidance on “prosecutorial discretion” recently issued by John Morton, the director of immigration and customs enforcement at the Department of Homeland Security.
The Senate majority leader, Harry Reid, Democrat of Nevada, praised the new directive, saying it would allow federal agents to “focus on serious felons, gang members and individuals who are a national security threat, rather than college students and veterans who have risked their lives for our country.”
Roy H. Beck, the president of Numbers USA, a nonprofit group that wants to reduce legal and illegal immigration, said he could understand the decision to defer deportation in some cases. But he said the decision to grant work permits was distressing.
“This is a jobs issue,” Mr. Beck said. “The president is taking sides, putting illegal aliens ahead of unemployed Americans.”

Most Intersting world News of this Week

NASA CONFIRMS ALIEN INVASION!

Stocks Fall Anew on Debt Worries and the Economy

By GRAHAM BOWLEY and CHRISTINE HAUSER

Published: August 18, 2011

After just a few days of calm, stock markets heaved again on Thursday, sending major American indexes down as much as 5 percent on persistent worries about the economy and Europe’s debt problems.

Fewer Youths to Be Deported in New Policy

By ROBERT PEAR

Published: August 18, 2011

WASHINGTON — The Obama administration announced Thursday that it would suspend deportation proceedings against many illegal immigrants who pose no threat to national security or public safety.

Related

Times Topic: Immigration and Emigration