Prophecy News Watch – November 9 , 2008 - The Bridge Calvary ...

While the Gulf States are "awash with cash" earned from high oil prices and havereserves that Western countries can draw on, the solution to the crisis does not lie withany one region and will require a fundamental reform of the financial system, said RobinShepherd, senior fellow and head of the Europe Programme at the London-basedChatham House. For example, the newly elected US President, Barack Obama, andother leaders will have to examine the regulatory environment surrounding the bankingsystem, the way central banks and finance ministries keep track of developments in thefinancial sector, and reckless lending policies that have contributed to the crisis."The essential point is that the United States, Britain and Europe are in a dreadfulfinancial mess at the moment; they will look anywhere they can to seek respite, whetherin the Gulf States or elsewhere," said Shepherd. "In a globalized economy, all of theplayers become relevant."Russian Muslims to ask for Obama’s support of the UN Religious Councilhttp://www.interfax-religion.com/?act=news&div=5340Head of the Central Muslim Religious Board in Russia Talgat Tajuddin stated thenecessity to send the newly elected USA President Barak Obama a request to supporta project of establishing a religious council at the UN. Speaking at the Round Table inMoscow, the Mufti explained that the Council’s chief task would be to maintaininternational security and contribute in protection from terrorism and nuclear threat on aglobal scale. Russian Muslims suggest that the headquarters should be located in theHoly Land, as according to Tajuddin, Jerusalem is an “abode of peace, a shrine forChristians, Muslims and Jews.”The Board’s Chair also noted that the new President had already shown himself as abeliever and a member of the United Church of Christ. Thus, Russian Muslims hope forcooperation with him.Blessings, Kade1