News and Prophecy Staff

Italy’s and Spain’s economies are in dire straits, and the EU is seriously considering bailing them out with a major purchase of national bonds.  The all-important caveat may be that Italy and Spain will have to cede control of their fiscal policies to the EU! (Telegraph, August 2, 2012).

“Cattlemen are selling animals they can’t graze or afford to buy feed for… The number of cattle in the U.S. has been dropping for years.  The Agriculture Department says the nation’s cattle inventory is the smallest since the agency began a July count in 1973” (Associated Press, July 24, 2012).

Ethnic violence has again broken out in the northeast India district of Assam.  Local people are predominantly Hindu and some are “Christian,” although there are more than 200 separate tribal groups in the region.  Much of the violence is aimed at Muslims—many of whom have come across the border from Bangladesh and Bhutan (The Globe and Mail, July 24, 2012).

Torrential rains inundated China’s capital city last weekend, overwhelming the drainage system.

Last Friday morning at the midnight opening of the latest Batman movie, a lone gunman burst into a packed theater in the Denver, Colorado suburb of Aurora, set off a smoke bomb and tear gas, and began firing his weapon into the crowd (Good Morning America, July 20, 2012).  Survivors recalled the terrifying confusion and panic of those trapped inside the theater.