Prayer and Meditation for Wednesday, September 28, 2016 — “I will follow you wherever you go.” — “Let the dead bury their dead.” — “Your Life Does Not Belong to You.”

Peace and Freedom

Wednesday of the Twenty-sixth Week in Ordinary Time
Lectionary: 457


Jesus said, “Do not be afraid.”

Reading 1 JB 9:1-12, 14-16

Job answered his friends and said:

I know well that it is so;
but how can a man be justified before God?
Should one wish to contend with him,
he could not answer him once in a thousand times.
God is wise in heart and mighty in strength;
who has withstood him and remained unscathed?

He removes the mountains before they know it;
he overturns them in his anger.
He shakes the earth out of its place,
and the pillars beneath it tremble.
He commands the sun, and it rises not;
he seals up the stars.

He alone stretches out the heavens
and treads upon the crests of the sea.
He made the Bear and Orion,
the Pleiades and the constellations of the south;
He does great things…

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Don’t Be Scared of Duterte, Philippine Finance Chief Urges Investors — Urged investors to look beyond the bombastic remarks

Peace and Freedom

Be ‘more sophisticated’ and focus on his investor-friendly policies, says Finance Secretary Carlos Dominguez III

Philippine President Rodrigo Duterte, here at Air Force headquarters earlier this month, has set economic benchmarks that include cutting the poverty rate and increasing infrastructure spending.
Philippine President Rodrigo Duterte, here at Air Force headquarters earlier this month, has set economic benchmarks that include cutting the poverty rate and increasing infrastructure spending.PHOTO: ASSOCIATED PRESS


The Wall Street Journal
Sept. 27, 2016 8:05 a.m. ET

MANILA—Foreign investors unnerved by Philippine President Rodrigo Duterte’s bloody war on crime and combustible temperament should be “more sophisticated” and focus on the fast-growing economy and investor-friendly policies, said Finance Secretary Carlos Dominguez III.

Dismissing fears that recent foreign-capital outflows mean investors have already passed judgment on Mr. Duterte’s three-month-old administration, Mr. Dominguez said in an interview Tuesday that new investors—from Japan and China in particular—are lining up, encouraged in part by an ambitious plan to scrap foreign-investment limits.

“Some foreigners haven’t gotten used to the idea’’ of an outspoken Philippine…

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Oil prices down again as Iran-Saudi discord drags on

Peace and Freedom


© Getty/AFP/File / by Amal Belalloufi and Martine Pauwels | New signs of discord sent oil prices sliding on world markets in the face of a global supply glut that has left a gaping hole in the finances of oil-exporting nations

ALGIERS (AFP) – Iran on Tuesday ruled out an imminent agreement with other major oil producers to freeze output as regional rivalry with Saudi Arabia hindered efforts to reverse a price slump.

The new signs of discord sent oil prices sliding again on world markets in the face of a global supply glut that has left a gaping hole in the finances of oil-exporting nations.

US benchmark West Texas Intermediate for delivery in November fell 3.5 percent to $44.31 a barrel in New York trade on Tuesday.

Brent North Sea crude for November shed 3.4 percent to $45.75 a barrel.

OPEC kingpin Saudi Arabia has so far refused to…

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No Deutsche Bank Bail Out Anytime Soon — “It’s a problem of profitability.” — Plus an Overview

Peace and Freedom

By Evelyn Cheng

Anyone waiting for a government rescue of Deutsche Bank shouldn’t expect one just yet.

The consensus of analysts who spoke with CNBC is that no government rescue is imminent, or even necessary yet, for the imperiled German financial institution, despite Deutsche Bank shares hitting all-time lows Monday. The stock was down 1 percent Tuesday.

“I don’t think the share price per se is going to be the deciding factor in this,” said Piers Brown, a London-based analyst at Macquarie, which has an underperform rating on the stock.

The German government view is that Deutsche Bank is “adequately capitalized,” he said, especially given that it passed a stress test from the European Banking Authority this summer. “I don’t think there’s any basis for them to step in.”

Deutsche Bank is grappling with a string of problems that are concerning shareholders. Photograph by Kai Pfaffenbach for Reuters


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India Quits Talks With Pakistan

Peace and Freedom



© AFP/File | The Kashmir region is divided between India and Pakistan but both countries claim it in full. The two nuclear-armed neighbours have fought three wars since gaining independence from British rule in 1947, two of them over Kashmir

NEW DELHI (AFP) – India on Tuesday pulled out of a key regional summit in Pakistan citing an increase in cross-border attacks, as tension between the nuclear-armed neighbours escalates.

The Indian government has accused Pakistan-based militants of launching a deadly assault on an army base in Kashmir this month that killed 18 soldiers.

Pakistan has rejected India’s claims as “unfounded and premature”.

Regional superpower India said it has conveyed its decision not to take part in the South Asian Association for Regional Cooperation (SAARC) summit to Nepal, the current SAARC Chair.

“India has conveyed to current SAARC Chair Nepal that increasing cross-border terrorist attacks in the region…have created an…

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UN fears third leg of the global financial crisis with epic debt defaults

Follow The Money


The third leg of the world’s intractable depression is yet to come. If trade economists at the United Nations are right, the next traumatic episode may entail the greatest debt jubilee in history. It may also prove to be the definitive crisis of globalized capitalism, the demise of the liberal free-market orthodoxies promoted for almost forty years by the Bretton Woods institutions, the OECD, and the Davos fraternity. “Alarm bells have been ringing over the explosion of corporate debt levels in emerging economies, which now exceed $25 trillion. Damaging deflationary spirals cannot be ruled out,” said the annual report of the UN Conference on Trade and Development (UNCTAD).

We know already that the poisonous side-effect of zero rates and quantitative easing in the US, Europe, and Japan was to flood developing nations with cheap credit, upsetting their internal chemistry and drawing them into a snare. What is less understood…

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Trump to Netanyahu: I would recognize undivided Jerusalem as Israel’s capital

Follow The Money


During a meeting with Israeli Prime Minister Benjamin Netanyahu in New York on Sunday, Republican presidential candidate Donald Trump said that if elected, the United States would recognize an undivided Jerusalem as the capital of the State of Israel.

The eighty-minute meeting was held in the business mogul’s eponymous towers in downtown Manhattan. Netanyahu is set to meet with Democratic presidential nominee Clinton at around 6:00 pm EST (2200 GMT).

During the meeting, Trump reportedly told Netanyahu that, if elected, “a Trump administration will finally accept the long-standing Congressional mandate to recognize Jerusalem as the undivided capital of the State of Israel,” his campaign said in a statement.

The two also discussed “at length Israel’s successful experience with a security fence”. Trump has made building a wall along the US-Mexico border a signature campaign promise.

Other topics discussed included “the nuclear deal with Iran, the battle against ISIS and…

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