Monday, October 06, 2008

10/06/08

* Germany takes hot seat as Europe falls into the abyss We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert.

* Arab world marks '73 War anniversary Thirty-five years after the outbreak of the Yom Kippur War, the Arab world marked the event with visits to memorials, pledges to release classified documents about the fighting and a general call for Arab unity.

* NATO chief: I'm not positive world will be able to stop Iran NATO Secretary-General Jaap de Hoop Scheffer expressed concern on Monday over whether the international community would be able to stop Iran from developing a nuclear bomb.

* Pope criticises pursuit of wealth The global financial crisis is proof that the pursuit of money and success is pointless, Pope Benedict XVI has told a meeting of bishops in Rome.

* Paris summit fails to stop unilateral action by EU states Despite a display of unity and call for a confidence in the financial system by leaders of Europe's four biggest economies at a mini-summit in Paris, Germany took emergency measures.

* Olmert off to Moscow to discuss Iran Prime Minister Ehud Olmert's airplane took off noon Monday on a 24-hour visit to Moscow for talks expected to focus on Iran's nuclear program and Russian arms sales to Teheran and Damascus.

* 'Syria Banking on Obama Victory, Invites Advisors' Syria is banking on an Obama victory and is trying to reach out to his advisors.

* Palestinian FM: Settlements are ticking bombs Israel failed to uphold the commitments it made to the Palestinian Authority at the Annapolis peace summit in 2007.

* Grave Fragment Found: Son of Second Temple High Priest Archaeologists excavating north of Jerusalem have found a piece of a sarcofagus - a stone coffin - belonging to a son of a High Priest.

* Oil falls as financial turmoil goes global Oil prices broke beneath a key support level Monday, trading under $90 a barrel for the first time in eight months.