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The source, who has worked on covert US military programs for years, including in Afghanistan and Pakistan, has direct knowledge of Blackwater’s involvement. He spoke to The Nation on condition of anonymity because the program is classified. The source said that the program is so “compartmentalized” that senior figures within the Obama administration and the US military chain of command may not be aware of its existence.

The White House did not return calls or email messages seeking comment for this story. Capt. John Kirby, the spokesperson for Adm. Michael Mullen, Chair of the Joint Chiefs of Staff, told The Nation, “We do not discuss current operations one way or the other, regardless of their nature.” A defense official, on background, specifically denied that Blackwater performs work on drone strikes or intelligence for JSOC in Pakistan. “We don’t have any contracts to do that work for us. We don’t contract that kind of work out, period,” the official said. “There has not been, and is not now, contracts between JSOC and that organization for these types of services.”

The previously unreported program, the military intelligence source said, is distinct from the CIA assassination program that the agency’s director, Leon Panetta, announced he had canceled in June 2009. “This is a parallel operation to the CIA,” said the source. “They are two separate beasts.” The program puts Blackwater at the epicenter of a US military operation within the borders of a nation against which the United States has not declared war–knowledge that could further strain the already tense relations between the United States and Pakistan. In 2006, the United States and Pakistan struck a deal that authorized JSOC to enter Pakistan to hunt Osama bin Laden with the understanding that Pakistan would deny it had given permission. Officially, the United States is not supposed to have any active military operations in the country.

The pound also fell sharply against the dollar, which recovered some of the previous day’s sharp losses, and dropped to a six-week low against a broadly firmer yen.

Traders and analysts said sterling was coming under pressure following Dubai’s move on Wednesday to restructure its biggest corporate debtor, Dubai World, and delay repayment on some of the company’s $59 billion (35.6 billion pounds) of liabilities.

“The administration is committed to a comprehensive review of its landmines policy. That review is still ongoing,” spokesman Ian Kelly said in a statement.

Speaking ahead of a review conference next weekend in Cartagena, Colombia, on the 10-year-old international Mine Ban Treaty, Kelly said the U.S. policy review was “going to take some time” and while it continued the current policy of declining to join the accord would remain in force.

It also states that three quarters of young black men are on the database. The finding risks stigmatising a whole section of society, the equality watchdog has warned.

The revelations will fuel the debate about the DNA database, the world’s largest. They are included in a report by the Human Genetics Commission, an independent government advisory body. It criticises the piecemeal development of the database and questions how effective it is in helping the police to investigate and solve crimes.

Jonathan Montgomery, commission chairman, said that “function creep” over the years had transformed a database of offenders into one of suspects. Almost one million innocent people are now on the DNA database.

Professor Montgomery said: “It’s now become pretty much routine to take DNA samples on arrest, so large numbers of people on the DNA database will be there not because they have been convicted, but because they’ve been arrested.”

Recorded crime has fallen every year since 2004-05, but the number of people arrested in England and Wales annually is rising. Latest figures show that arrests rose by 6 per cent to 1.43 million in 2005 and a further 4 per cent to 1.48 million in 2006-07.

Professor Montgomery said there was some evidence that people were arrested to retain the DNA information even though they might not have been arrested in other circumstance.

The LSE says the break to trading on Thursday is due to connectivity issues, but it hasn’t yet determined the root cause of the problem.

The exchange has placed all order-driven securities in to an auction call period — which allows customers to continue to place orders into the exchange’s order book. The exchange says it will give customers 30 minutes notice before ending the auction period, once it sorts out the technical issue.

Trading went offline at 10.33 GMT, freezing the FTSE 100 at 5,264.97.

By Kyoko Shimodoi

Nov. 26 (Bloomberg) — Japanese Finance Minister Hirohisa Fujii said the government needs to take action on abnormal currency movements after the yen traded close to a 14-year high against the dollar.

“I am watching these movements, right now it’s time to watch them closely,” he told reporters in Tokyo today. “We need to take appropriate action against abnormal movements.”

It was the third IMF sale of gold in a month as the Washington-based institution seeks to reduce its dependence on lending revenue and bolster its finances amid the global economic crisis.

“The sale was conducted on the basis of market prices prevailing on” Monday, the IMF said in a statement.

Gold prices had hit a record high that day, topping 1,170 dollars an ounce. Since then, the price of the precious metal has soared higher to new all-time peaks as investors seek a safe haven amid economic uncertainty.

The sale brought the total IMF gold sold to central banks to 212 tonnes. India bought 200 tonnes between October 19 and 30 for 6.7 billion dollars and Mauritius bought two tonnes on November 11 for 71.7 million dollars.

Sri Lanka has a 20-month IMF loan of 2.7 billion dollars that was awarded in July after the island nation’s reserves slumped to just over one billion dollars as the government made a final offensive to crush separatist Tamil Tiger rebels.

Sri Lanka’s central bank in early November said it has been buying gold to diversify its reserves amid volatile currency markets but refused to reveal from which sources the bank was buying the gold or at what prices.

The IMF executive board approved the sale of 403.3 tonnes of gold in September. The fund, which currently holds roughly 3,000 tonnes of gold, is the world’s third-largest official holder of the precious metal after the United States and Germany.

Gold and other commodity prices have surged in recent months amid a move away from a sliding dollar. The metal is also winning support over fears about a spike in inflation, as gold is widely regarded as a safe store of value.

The Austrian police announced the arrest today of 5 men and the discovery of 10 counterfeit gold bars stamped with numbers and refiner’s name to match 6,000 real bars stolen in Britain last month.

The police said the five arrested in Vienna on Tuesday night apparently planned to sell the counterfeit gold, passing it off as part of the haul of three tons of bullion stolen by masked gunmen from a warehouse near London’s Heathrow Airport on Nov. 26.

A police spokesman said the police did not know how the men had discovered the numbers stamped on the stolen bars.

The police at first suspected the counterfeit bars were part of the Heathrow booty, but the spokesman said tests showed the bars were made of tungsten and only coated with gold.