cryptogon.com

The yield on 10-year Treasuries – the benchmark price of global capital – surged 30 basis points in just two days last week to over 3.9pc, the highest level since the Lehman crisis. Alan Greenspan, ex-head of the US Federal Reserve, said the abrupt move may be “the canary in the coal mine”, a warning to Washington that it can no longer borrow with impunity. He said there is a “huge overhang of federal debt, which we have never seen before”.

David Rosenberg at Gluskin Sheff said Treasury yields have ratcheted up 90 basis points since December in a “destabilising fashion”, for the wrong reasons. Growth has not been strong enough to revive fears of inflation. Commodity prices peaked in January and US home sales have fallen for the last three months, pointing to a double-dip in the housing market.

Mr Rosenberg said the yield spike recalls the move in the spring of 2007 just as the credit system started to unravel. “The question is how the equity market is going to handle this back-up in rates,” he said.

The trigger for last week’s sell-off was poor demand at Treasury auctions, linked to the passage of the Obama health care reform. Critics say it will add $1 trillion (£670bn) to America’s debt over the next decade, a claim disputed fiercely by Democrats.

It is unclear whether China is selling US Treasuries after cutting its holdings for three months in a row, or what its motive may be. There are concerns that Beijing may be sending a coded message before the US Treasury rules next month on whether China is a “currency manipulator”, though experts say China is clearly still buying dollar assets because it is holding down the yuan against the greenback. Some investors may be selling Treasuries as a precaution against a trade spat.

They have put Herman Van Rompuy, the EU President, in charge of a special task force to examine “all options possible” to prevent another crisis like the one caused by the Greek meltdown.

His mission will be to draw up a master-plan for the best way to oversee and enforce economic targets set in Brussels as a key part of a bail-out package for Greece.

The options he will consider include the creation of an “economic government” by the by the end of the year.

“We commit to promote a strong co-ordination of economic policies in Europe,” said a draft text expected to be agreed by EU leaders last night.

The odyssey of David C. Headley, 49, included scouting targets in several cities in India and meeting with a senior operative of Al Qaeda in Pakistan’s tribal areas. These and other new details of Mr. Headley’s activities, contained in the plea agreement, raise troubling questions about how an American citizen could travel for so long undetected from his home base in Chicago to well-established terrorist training camps in Pakistan.

The document shows that Mr. Headley made two trips to North Waziristan, the heart of Qaeda operations in the tribal area where the United States is still pushing Pakistan for a military offensive to clear out militants. His handlers, the document reveals, included a former Pakistani military commander with ties to a Pakistani extremist group and even Al Qaeda.

From there, Mr. Headley not only helped plan the Mumbai attack, it says, but he was put in contact with a Qaeda cell in Europe that may still be operative. The document shows the cell was well supplied with weapons and money and primed for an attack until the moment Mr. Headley was arrested by the F.B.I. at O’Hare airport last October.

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The Catholic Church in Rome made the extraordinary admission yesterday that it is aware priests from at least 23 countries have been sexually abusing nuns.

Most of the abuse has occurred in Africa, where priests vowed to celibacy, who previously sought out prostitutes, have preyed on nuns to avoid contracting the Aids virus.

Confidential Vatican reports obtained by the National Catholic Reporter, a weekly magazine in the US, have revealed that members of the Catholic clergy have been exploiting their financial and spiritual authority to gain sexual favours from nuns, particularly those from the Third World who are more likely to be culturally conditioned to be subservient to men.

The reports, some of which are recent and some of which have been in circulation for at least seven years, said that such priests had demanded sex in exchange for favours, such as certification to work in a given diocese.

In extreme instances, the priests had made nuns pregnant and then encouraged them to have abortions.

The US article was based on five documents, which senior women from religious orders and priests have presented to the Vatican over the past decade. They describe a particularly bad situation in Africa. In a continent devastated by Aids, nuns, along with early adolescent girls, are perceived by some as safe sexual targets. The reports said that the church authorities had done little to tackle the problem.

Twenty-three died in the first blast at 0756 (0356 GMT) as a train stood at the central Lubyanka station, beneath the offices of the FSB intelligence agency.

About 40 minutes later, a second explosion ripped through a train at Park Kultury, leaving another 12 dead.

No-one has said they carried out the worst attack in the capital since 2004.

But the BBC’s Richard Galpin in the Russian capital says past suicide bombings there have been blamed on Islamist rebels fighting for independence in the troubled North Caucasus region of Chechnya.

In February, Chechen rebel president Doku Umarov warned that “the zone of military operations will be extended to the territory of Russia… the war is coming to their cities”.

When Moreno was writing his book, neuroscientists were reluctant to talk about their affair with the Pentagon and seemed embarrassed by it. No longer. Last year the National Academy of Sciences published a 136-page report, Opportunities in Neuroscience for Future Army Applications, that makes an unabashed pitch for militarizing brain research. The authors include the neuroluminaries Floyd Bloom of the Scripps Research Institute in La Jolla, Calif., past president of the American Association for the Advancement of Science and editor-in-chief of Science; and Michael Gazzaniga of the University of California at Santa Barbara. Both are members of the U.S. Council on Bioethics.

The suspects are expected to make an initial appearance in U.S. District Court in Detroit on Monday.

On Sunday, a source close to the investigation in Washington, D.C. confirmed that FBI agents were conducting activities in Washtenaw and Lenawee counties over the weekend in connection to Hutaree, a Christian militia group. Detroit FBI Special Agent Sandra Berchtold told The Detroit News the federal warrants in the case are under court seal and declined further comment.

Sources have said the FBI was in the second day of raids around the southeastern Michigan city of Adrian that are connected to a militia group, known as the Hutaree, an Adrian-based group whose members describe themselves as Christian soldiers preparing for the arrival and battle with the anti-Christ.

WXYZ-TV reports that helicopters were spotted in the sky for much of Saturday night, and agents set up checkpoints throughout the area. Witnesses told the station that it was like a small army had descended on the area. The Department of Homeland Security and the Joint Terrorism Task Force are also involved in the raids.

Mike Lackomar, of Michiganmilitia.com, said both The Southeast Michigan Volunteer Militia and the Michiganmilitia.com were not a part of the raid.

Lackomar said he heard from other militia members that the FBI targeted the Hutaree after its members made threats of violence against Islamic organizations.

“Last night and into today the FBI conducted a raid against homes belonging to the Hutaree. They are a religious cult. They are not part of our militia community,” he said.

Lackomar said he was told there were five arrests Saturday and another five early Sunday. The FBI declined to comment.

One of the Hutaree members called a Michigan militia leader for assistance Saturday after federal agents had already began their raid, Lackomar said, but the militia member — who is of Islamic decent and had heard about the threats — declined to offer help. That Michigan militia leader is now working with federal officials to provide information on the Hutaree member for the investigation, Lackomar said Sunday.

“They are more of survivalist group and in an emergency they withdraw and stand their ground. They are actively training to be alongside Jesus,” he said.

Sources from the Michigan militia community said one of the FBI raids took place Saturday during a wake for a Hutaree member who had died of natural causes. A Hutaree leader was arrested during the wake while at the same time agents were conducting raids at other locations.

The Associated Press is reporting that FBI spokesman Scott Wilson in Cleveland said agents arrested two people Saturday in northwest Ohio. A third arrest was made in Illinois on Sunday, a day after raids in northwest Indiana.

Dawud Walid, executive director of the Council on Islamic-American Relations of Michigan, made an announcement Sunday during the group’s 10th anniversary banquet about receiving a call from a network journalist about the alleged threat against Muslims.

“Don’t allow this news to scare you away from practicing your faith,” said Walid.

Action News has learned Homeland Security and the Joint Anti-terrorism Task Force is also involved in a major operation.

Federal officials would not say who they were targeting or where, but the FBI has set up a command center at the Washtenaw County Sheriff’s Department in Ann Arbor, where they have brought in two satellite trucks and a radio tower.

http://www.gata.org/node/8466

— was injured along with his wife the next day when their car was struck by a hit-and-run driver in the London area.

According to GATA’s contact with Maguire, board member Adrian Douglas, Maguire and his wife were admitted to a hospital overnight and released today and are expected to recover fully.

Maguire told Douglas by telephone today that his car was struck by a car careening out of a side road. When a pedestrian who witnessed the crash tried to block the other driver’s escape, the other driver accelerated at the pedestrian, causing him to jump out of the way to avoid being hit. The other driver’s car then struck two other cars in escaping. But the other driver was caught by police after a chase in which police helicopters were summoned.