News and Prophecy Staff

While there were the congratulatory speeches in Israel last week surrounding the fifth anniversary of Israel’s second Lebanon War, Lebanon received delivery of advanced ballistic missiles from Syria.  These missiles have the range to reach Israel, Jordan, and parts of Turkey. (DEBKA, July 20, 2011).

For three years, Muslim prayer services have taken place in a Toronto public school during school hours—catering to the student majority who are Muslim.  Because of the press generated by the situation, an examination of Ottawa schools recently revealed that about a dozen other public schools also allow Muslim prayer services during the school day.

According to The Sydney Morning Herald, “China has detonated an economic bombshell on the eve of the Prime Minister’s drive to sell the carbon tax, warning [that] Australia has a ‘dual-speed and patchwork economy’ and relies too heavily on Beijing’s demand for minerals.”  These stern words were made by a Chinese diplomat speaking on behalf of the Chinese Embassy.

In a rally in Tripoli last week, General Gadhafi addressed thousands of pro-government supporters by telephone.  In his remarks, Gadhafi stated that if NATO nations do not cease their air campaign against Libya, Libyans will start attacking Europe directly.

“EU’s Financial Hurricane Is About to Hit,” read a sobering headline in this week’s Times.  This week something critical happened in reaction to leaked information that the EU would allow Greece to redeem some of their bonds at their current financial status—50% less than their original worth.  The news scared Italian investors with the notion that the same could happen to them.  The result?  Italian bonds immediately dropped to 70% and 80% of their value.