Nanny Police State?

USA - Parents Are Calling the Cops to Supervise them Spanking their Children. When people are so dependent upon the police state that they have to actually call and ask police to come over to their own house to supervise the discipline of their own child, there might be a problem.

Another year, another eurozone crisis

EUROPE - The new year is only hours old and the eurozone is plunged into yet another existential crisis. Ignore the soothing voices coming from Brussels and Berlin trying to reassure the international community – and in particular the money markets – that all is well and the financial emergency which threatened to rip asunder the EU only a few years ago is well and truly over. It isn’t – and I expect that before spring is upon us we will find out exactly why.

Food for thought

UK - I was admiring the centrepiece on our festive table – a combination of flowers, foliage, a couple of candles and a bit of glitter – when I noticed a warning attached to the basket: “Not for human consumption – Do Not Eat!” Thanks for the advice, but to be honest I’d have to be pretty far gone on the old cooking sherry before I started scoffing houseplants and candles. But in recent years we have become used to notices warning “May contain nuts” on a bag of peanuts and “may contain hot liquid” on a cup of takeaway coffee. Whatever next? “This is a bicycle – not for human consumption” or “This is a garden spade – do not try to eat it”. How did previous generations ever manage to stay alive without such advice from health and safety bureaucrats?

 
Saudi Arabia bets its future on 'Berlin or Bust' oil strategy

SAUDI ARABIA - Saudi Arabia has won the opening battle of its radical oil strategy by forcing prices lower. But the kingdom is about to enter into a dangerous new phase in its war to regain control of the world’s oil market.

Europe's bond yields fall to lowest since the Black Death

EUROPE - Bond yields have plummeted to record lows across the eurozone as deflation becomes lodged in the system and markets bet on a blitz of asset purchases by the European Central Bank this month. German five-year yields dropped below zero for the first time ever, touching -0.007 percent on the first day of new year trading, implying that investors are willing to pay the German government to store their money for the rest of this decade.

Overvalued US market

USA - In the US, Professor Robert Shiller’s cyclically adjusted price earnings ratio - or Shiller CAPE - for the S&P 500 is currently at 27.2, some 64 percent above the historic average of 16.6. On only three occasions since 1882 has it been higher - in 1929, 2000 and 2007. Professional investors are already making for the exit. The Bloomberg smart money flow index tracks the market movements at the end of the trading day on the Dow Jones, when professional investors tend to make their move. The index showed heavy buying activity from 2009 onwards as professional investors followed central banks' money into the markets, achieving record gains during the past five years. That trend was reversed from the beginning of 2014 and the smart money is now making for the exit, as the S&P 500 carries on rising to new record highs.

 
How the world fell back into economic meltdown

UK - From Russia's economic collapse, the threat of deflation, and another year of record low interest rates, here's how crisis beset the world economy once again. 2014 did not prove to be the year the world roared back to the path of recovery. Global economic output grew by just 3.3 percent, an expansion that was dubbed by the IMF's chief economist as “mediocre and worse than forecast.” The outlook for 2015 doesn't look much better. The IMF thinks there is now a four in 10 chance that next year the eurozone area will slip back into its third recession since the financial crisis. This raft of bad news has led many academics and observers to put weight behind the theory that the ageing west is now facing a period of 'secular stagnation' characterised by persistently weak demand and almost non-existent growth.

 
Bushfires in Victoria and South Australia threaten homes

AUSTRALIA - Firefighters are battling out-of-control bushfires threatening homes in South Australia and Victoria. Police have declared a major emergency and told residents that their lives are at risk. South Australia's fire chief said the blazes in the Adelaide Hills, northeast of Adelaide city, were the worst since the Ash Wednesday bushfires in 1983. Those fires left 75 people dead and caused devastation across parts of Victoria and South Australia. "At the moment, we have a fire which is extremely dangerous and it is burning under extremely adverse conditions," South Australia fire chief Greg Nettleton was quoted as saying.

 
Israel May File War Crimes Suits Against PA

ISRAEL - Israel is considering filing war crimes suits overseas against Palestinian Arab leaders in response to their application to join the International Criminal Court (ICC) and press such charges against the Jewish state, an official source said Saturday. Legal proceedings at courts in the United States and elsewhere are being weighed against PA Chairman Mahmoud Abbas, his Palestinian Authority (PA) and other senior officials, the source close to the government told AFP.

Outrageous 'Zero Tolerance' Follies of 2014

USA - Are your children safe at school? That depends on if you’re worried about bullies or administrators. Here are the most infamous “zero tolerance” punishments handed down to kids — and even some adults — this year.

Budget war looms for Obama, GOP

USA - The federal budget is almost certain to be the central battleground between President Obama and the new Republican Congress in 2015. The GOP has vowed to use control of the House and Senate to slash the size of government, with entitlement programs such as Medicare and Social Security a potential target for cuts. But Obama has made clear he will use his veto pen against the GOP, forcing Republicans to tread carefully as they seek to avoid government shutdowns and recapture the White House in 2016.

Euro starts New Year at new low

EUROPE - The euro started the new year at 29-month lows in Asia on Friday after the head of the European Central Bank fanned expectations it would take bolder steps on stimulus this month, underlining the US dollar's expanding yield advantage. The single currency sank as far as $1.2050 EUR, depths last seen in mid-2012, while the dollar notched up a near nine-year peak against a basket of major currencies and bounded ahead to 120.45 yen JPY. The euro is now perilously close to its 2012 trough, and major chart support, at $1.2042. A break there would take it to territory not seen since June 2010. The ECB council meets on January 22 and markets are wagering heavily it will finally decide to start buying sovereign debt, following in the footstep of the US, UK and Japan.

 
Pope Francis begs the world for an end to all wars

VATICAN - Pope Francis begged the world yesterday to back his New Year wish – for no more war. Tens of thousands of people in St Peter’s Square in Rome saw his first appearance of the year at the Vatican window, where he expressed ‘the wish that there will never be more wars’. He said: ‘Peace is always possible. We must search for it.’ And he said he agreed with a sign in the crowd that read: ‘Prayer is at the root of peace.’ That message was sent to heads of state and governments, international institutions and parishes throughout the 1.2 billion-member Church.

 
US eases oil export ban in shot at Opec

USA - American move to allow more oil exports will escalate price war with Opec and potentially force crude oil even lower in 2015. President Barack Obama has fired a shot at the Organisation of Petroleum Exporting Countries (Opec) in the war to control global oil markets by quietly sanctioning the easing of America's 40-year ban on exporting crude. The US government has reportedly told oil companies they can begin to export shipments of condensate - a high-grade crude produced as a by-product of gas - without going through the formal approval process. The move could signal that a full opening of the export ban, which has existed since the oil shock of the 1970s, is imminent. Meanwhile, the sharp fall in the value of oil is placing economies in major producing nations such as Venezuela and Russia under extreme strain.

 
Enter the Palestinian 'nuclear option'

ISRAEL - The cries of victory heard at the Prime Minister’s Office and Foreign Ministry last night after the UN Security Council rejected the Palestinian resolution to end the occupation were premature. Just a few hours later, as Palestinian Authority President Mahmoud Abbas signed the Rome Statute and sought to join the International Criminal Court in The Hague, it was understood that Israel’s troubles have only just begun.

“Just what is an APOSTLE?”
Just what is an Apostle?

Today we find the Church of God in a “wilderness of religious confusion!”

The confusion is not merely around the Church – within the religions of the world outside – but WITHIN the very heart of The True Church itself!

Read online or contact email to request a copy

Listen to Me, You who know righteousness, You people in whose heart is My Law: …I have put My words in your mouth, I have covered you with the shadow of My hand, That I may plant the heavens, Lay the foundations of the earth, and say to Zion, “you are My people” (Isaiah 51:7,16)