US Is "More Communist than China": Jim Rogers

US Is "More Communist than China": Jim Rogers
The nationalization of Fannie Mae and Freddie Mac shows that the U.S. is "more communist than China right now" but its brand of socialism is meant only for the rich, investor Jim Rogers, CEO of Rogers Holdings, told CNBC Europe on Monday.

"America is more communist than China is right now. You can see that this is welfare of the rich, it is socialism for the rich… it's just bailing out financial institutions," Rogers said.

RELATED LINKS

Current DateTime: 03:20:43 09 Sep 2008
LinksList Documentid: 26603847

• 'Morning Thoughts' on US 'Socialism'
• Fannie, Freddie: What It Means to You
• Asia, Europe Banks Surge on US Bailout
• Government Seizes Freddie, Fannie 
• Freddie, Fannie Should Be Split Up: Forbes 

Stock markets jumped after the U.S. government's decision to launch what could be its biggest federal bailout ever, in a bid to support the housing market and ward off more global financial market turbulence.

But Rogers said in the long term the move spelled trouble.

"This is madness, this is insanity, they have more than doubled the American national debt in one weekend for a bunch of crooks and incompetents. I'm not quite sure why I or anybody else should be paying for this," Rogers told "Squawk Box Europe."more....

2 terror groups now broadcasting live from Temple Mount

FROM WND'S JERUSALEM BUREAU
2 terror groups now broadcasting live from Temple Mount
Israeli authorities claimed they would halt illicit transmissions
Posted: September 08, 2008
9:29 pm Eastern

By Aaron Klein
© 2008 WorldNetDaily

The Al Aqsa Mosque in Jerusalem

JERUSALEM – Not one but two terrorist organizations now are broadcasting Islamic prayer services live from the Temple Mount – Judaism's holiest site.

Yesterday, WND broke the story Hamas' official Al Aqsa TV has for the past week broadcast from the Temple Mount's Al Aqsa Mosque the Tarawih prayers, or additional nightly prayers recited during the Islamic holy month of Ramadan.

Ramadan started last week. The Tarawih prayers include recitation of parts of the Quran and take about an hour.

Jerusalem Police spokesman Shmulik Ben Ruby told WND yesterday the police took "some measures" to ensure the Hamas transmissions from the Temple Mount were halted. He wouldn't specify which measures were put into action....more....

Christians brave horrifying massacres

FAITH UNDER FIRE
Christians brave horrifying massacres
Victims pledge to persevere as mobs rape, maim, burn faithful
Posted: September 08, 2008
9:32 pm Eastern

By Drew Zahn
© 2008 WorldNetDaily

Despite brutal and horrifying persecution that has left countless dead and an estimated 50,000 homeless, Christians in India's Orissa state are determined that God will have the victory in their violence-torn homeland.

Since the assassination of anti-Christian Hindu leader Swami Laxamanananda Saraswat on Aug. 22, mobs of Hindu fanatics that blame Christians for the leader's death have been roving the Orissa state on the eastern shore of India, torching churches and homes, brutalizing Christians and burning the bodies of those they kill.

Reports from missions organization Gospel for Asia (GFA), however, tell of courage and determination in the face of violence.

One story reported on Christian Newswire told of a missionary beaten multiple times by a Hindu mob demanding he leave a village where he had been working.more....

US economy 'facing stagflation'

US economy 'facing stagflation'

The US economy is facing slow growth and higher prices, according to the most recent survey by the US central bank, the Federal Reserve.

Economic activity was "weak, soft or subdued" across the country, said the Fed's latest Beige Book report.

And spending slowed, with consumers concentrating on "food, staples and essential items" rather than luxuries. more....

TROUBLE IN THE NORTH CAUCASUS

TROUBLE IN THE NORTH CAUCASUS
Russia’s Restless Muslim Republics

Although Russia is celebrating the independence of Abkhazia and South Ossetia, it still has its own problems in the region as its Muslim republics are drifting toward a partisan war. By Uwe Klussmann more...

• Are Moldova and Ukraine at Risk?: Ex-Soviet States Fear Russian Aggression
• Crisis in the Caucasus: EU Considers Sanctions as Russia Looks for Friends
• Recognizing Georgia's Rebel Regions: West Voices Dismay at Russia's 'Unacceptable' Move

Terrorist TV – live from Temple Mount!

FROM WND'S JERUSALEM BUREAU
Terrorist TV – live from Temple Mount!
Hamas broadcasts all week exclusively from Judaism's holiest site
Posted: September 07, 2008
9:42 pm Eastern

By Aaron Klein
© 2008 WorldNetDaily

The Al Alqsa Mosque in Jerusalem

JERUSALEM – For the past week, Hamas' official television network exclusively broadcast Islamic prayer services live from Jerusalem's Temple Mount.

Nightly, Hamas' Al Aqsa TV has broadcast the Tarawih prayers from the Mount's Al Aqsa Mosque or additional nightly prayers recited during the Islamic holy month of Ramadan, which began last week. Tawawih prayers include recitation of parts of the Quran and takes about an hour.

The Hamas broadcasts serve as somewhat of a coup for the terror group, since it's the only Palestinian television network that is featuring the Tarawih from the Al Aqsa Mosque, giving Hamas the ability to share Temple Mount services with Palestinians in the Gaza Strip and West Bank...more...

Obama slips on TV: 'My Muslim faith'

Obama slips on TV: 'My Muslim faith'
Presidential candidate drops line in interview discussing his belief
Posted: September 07, 2008
3:42 pm Eastern

By Aaron Klein
© 2008 WorldNetDaily

Slip of the tongue or momentary confusion? In a television interview today discussing his religion, Sen. Barack Obama stated, "My Muslim faith."
 
Obama, speaking to ABC's George Stephanopoulos on "This Week," was talking about what he described as "smears" that were claiming he was a Muslim when he maintains he is a practicing Christian.
 
"Let's not play games," Obama stated. "What I was suggesting – you're absolutely right that John McCain has not talked about my Muslim faith. And you're absolutely right that that has not come."
 
Stephanopoulos immediately interrupted Obama, stating, "Christian faith."

"My Christian faith," Obama quickly said. "Well, what I'm saying is that he (McCain) hasn't suggested that I'm a Muslim. And I think that his campaign's upper echelons have not, either. What I think is fair to say is that, coming out of the Republican camp, there have been efforts to suggest that perhaps I'm not who I say I am when it comes to my faith – something which I find deeply offensive, and that has been going on for a pretty long time."

The statements came amid an exchange in which Obama accused Republicans of spreading "lies" that he is a Muslim. McCain, though, has strongly condemned such accusations. ..more...