World Watch Today

LOST SHEEP

During a recent trip to Europe I once again found myself standing in long lines in airports, going through security checks, and finally boarding planes that were waiting to take me to my destination.  What used to be an enjoyable experience, now turned into a dreaded hassle, has become a necessary evil.  I no longer like to travel as I once did.  My curiosity about other cultures and countries has been replaced by a desire for peace and above all, safety. 

Seeing armed guards with M-16 rifles circle through the airports, by the way, does not make me feel more secure.  On this most recent trip I turned to someone as two armed men in black uniforms walked through a street entrance into the airport’s departure hall, and I asked if anyone ever bothers to check their ID’s.  For all I knew they could have been a couple terrorists dressed as security guards.  Then the  Norway massacre that occurred a week later, generated by a man in a fake police uniform, gave my concerns greater plausibility.  It doesn’t take much these days to make you realize we are beginning to resemble Little Bo Peep’s sheep – it seems we have lost our way.

Speaking of being lost, now-a-days it’s a standing joke that men refuse to ask directions when they are lost.  Perhaps that problem has been eased a bit with all the tracking devices we can haul around with us.  But because it is easy to get directions to a restaurant, theater or some other location without stopping to ask someone for directions, it doesn’t appear finding our way through the greater quagmires, like solving the national debt crisis, comes without enormous struggle and ends with results that are unsatisfactory.  And there doesn’t appear to be  anyone on the planet we can ask who can offer real solutions to our mounting national ills.

To say the least, it’s been a gory few weeks watching our national leaders wrangle, curse, call names and deny responsibility for the financial mess the United States is currently in.  It’s been downright depressing.  And through it all I only heard two congressmen mention they were going to a chapel to pray for guidance.  Only two publicly recognized it would be a good idea to ask someone who has been around forever how best to go about solving the debt crisis. 

But there really is a way out of all this mess for our leaders, men and women alike, if they would just collectively seek it. They need to seek guidance from their creator.  Two Congressmen seeking his help just aren’t enough, even though their example is a good one.  Maybe we should give the following a try – all of us.  It wouldn’t hurt:

“Trust in the LORD with all your heart

and lean not on your own understanding;

in all your ways acknowledge him,

and he will make your paths straight.”

Proverbs 3:5-6

 

Market crash triggered by European Debt Crisis

Thursdays 4.31 percent drop put the Dow below 11,500 and is the worst one-day loss since October 2008, when the Dow slid by 679 points.  What triggered the market meltdown?  Many believe the debt crisis in Europe was responsible.

On Thursday the European Central Bank attempted to hose down the debt crisis fire that is sweeping across Europe. The European Central Bank moved after a four-month pause to buy government bonds in response to a debt catastrophe that started nearly two years ago in Greece, and now threatens to overwhelm Italy and Spain.

It was only a few months ago that European bankers were scrambling to protect Spain from defaulting on its debt.  Spain’s troubles now pale in comparison to Italy’s.  It is Italy that Europe and the world are deeply worried about.  Italy’s debt volume is two-and-a-half times larger than Spain’s.

Italy’s impact on the Euro zone is enormous.  In just this month, Italy must repay €36 billion in government debt. That is roughly what Greece will receive this entire year in European loans.  Large investors such as pension funds and insurance companies are pulling out of Italy and investing in Germany—considered to be far more stable than Italy.

The Debt crisis in Europe and America is smothering the so-called “economic recovery”.   The economic map of the world is in a state of flux; global markets are desperately searching for stability.

Steven LeBlanc

China...Food, Water & Wine

Some 400 million Chinese have been lifted out of poverty and have joined the “Middle Class”. Few in China use the term middle class. Everybody, talks about it, but they use different words such as white-collar, entrepreneurs, businessmen or middle income.

How do you define the “Middle Class” in China? The definition varies greatly in terms of income. You could be considered part of the middle class if you make between $1000 to $10,000 per year. In rural areas the average income is only about $300 per year.

The Chinese middle class is eating more meat, which requires more grain to feed animals. China buys more than half the world’s soybean exports and is the world’s biggest wheat importer, and the world’s second biggest corn importer. Most corn in China isn’t consumed by humans at all—75 percent of its corn consumption is used for animal feed. China will overtake the U.S. to become the world’s largest consumer of wine by 2015, says Euromonitor.

What is a growing concern in China? Water. In China 90% of the water is polluted. After almost 30 years of double-digit economic growth and the migration of millions to the cities, China has been barely able to meet the surge in demand for water.

Steven LeBlanc

Shocking Marriage Statistics

The Latest Census Bureau reports that less than half of Americans now live in a married-coupled household. This is a truly shocking statistic—never before in America’s history have we seen such a decline in marriage. In the 1950’s 78 percent of all households consisted of married couples, today only 48 percent of households consist of married couples.

Who is hurt the most by this change in culture? Children suffer terribly in an anti-marriage culture. Poverty is much greater for children living with a divorce, single or living together parent. The poverty rate is 37% for single parents with children, but only 6 % for married couples with children.

The marriage attacks began in the 1960’s and picked up steam in the 70’s. The anti-marriage rush started with states embracing no-fault divorce (government in essence supporting easy divorce). Then came the Supreme Court legalizing abortion (men dodging responsibility for pregnancy). And then Hollywood began exalting the living together, sex outside of marriage lifestyle.

Steven LeBlanc

Rumors of a September Strike Against Iran

Former CIA official Robert Baer believes a possible Israeli attack against Iran could happen in September. Baer who served over 20 years in the Middle East stated that a strike against Natanz and other nuclear facilities is once again being seriously considered.

Sources were not named in the Radio interview that took place on a Los Angeles Radio station. However, Baer has contacts within the Israeli security world who believe Prime Minister Benjamin Netanyahu is determined to attack Iran in hopes of impairing Iran’s nuclear threat.

Baer said that “There is almost near certainty that Netanyahu is planning an attack (on Iran)… and it will probably be in September before the vote on a Palestinian state. And he’s also hoping to draw the United States into the conflict,” he stated.

No doubt a strike is being planned by Israel, but when it will take place is unknown. The Prime Minister’s office has not commented on the story. We continue to watch this story closely.

Steven LeBlanc

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