Israel Strikes It Rich: Enormous Natural Gas Field Begins Production

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Natural gas began to flow into Israel over the weekend from a large offshore field, ending Israel’s status as a dry patch in an oil-rich region.

The flow came from the first of two enormous gas fields discovered off Israel’s coast in the past three years. The two fields, known as Tamar and Leviathan, are sufficient to supply Israel for 150 years, according to Bloomberg Business Week.

The Bank of Israel estimated that the flow this year from Tamar, the smaller of the two fields, would contribute one percent to Israel’s gross domestic product. Overall, the bank expects Israel’s economy to grow 3.8 percent this year.

The field is located 56 miles west of the Haifa port. The Leviathan field is slated to come online in 2016. The long-term value of the fields at today’s prices has been estimated at about $240 billion. More than half of profits are to be paid in taxes to the Israeli government.

“This is the beginning of a new era,” Isaac Tshuva, controlling shareholder of Delek Group Ltd., which holds a major stake in Tamar, told Business Week. “The Israeli economy will be able to exploit natural gas environmentally, geopolitically, socially and economically.”

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Last Minute Reversal: U.S. will "Vote Yes" on UN Arms Treaty

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The National Shooting Sports Foundation today strongly objected to the last-minute reversal of the U.S. government position regarding the United Nations Arms Trade Treaty. In the closing hours of negotiations on Thursday, March 28, the government abandoned its previous insistence that the treaty be approved only through achieving “consensus” of all the member states. Requiring consensus had been the United States position going back to earlier administrations.

At the end of the session, a U.S. government spokesperson told reporters “It’s important to the United States and the defense of our interests to insist on consensus. But every state in this process has always been conscious of the fact that if consensus is not reached in this process, that there are other ways to adopt this treaty, including via a vote of the General Assembly.” The spokesperson went on to say that the United States would vote “yes” on the treaty in the General Assembly, regardless of the positions of other member states. By abandoning the requirement for consensus the United States is assuring passage of the treaty by the United Nations.

“This abrupt about-face on the long-standing United States requirement for ‘consensus’ illustrates that the Obama Administration wants a sweeping U.N. arms control treaty,” said Lawrence Keane, NSSF senior vice president and general counsel. “We are troubled by the timing of the Obama Administration’s decision to abandon consensus on the eve of the Senate debate on pending gun control measures. The United Nations treaty would have a broad impact on the U.S. firearms industry and its base of consumers in the U.S.”

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China-Australia Pact Could Lead to Dollar's Collapse

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[T]he Australian [is] reporting that the land down under is set to say goodbye to the world’s “reserve currency” in its trade dealings with the world’s biggest marginal economic power, China, and will enable the direct convertibility of the Australian dollar into Chinese yuan, without US Dollar intermediation, in the process “slashing costs for thousands of business” and also confirming speculation that China is fully intent on, little by little, chipping away at the dollar’s reserve currency status until one day it no longer is.

That said, this latest development in global currency relations should come as no surprise to those who have followed our series on China’s slow but certain internationalization of its currency over the past two years…

And while previously the focus was on Chinese currency swap arrangements, the uniqueness of this weekend’s news is that it promotes outright convertibility of the Yuan: something China has long said would happen but many were skeptical it ever would. That is no longer the case, and with Australia setting the precedent, expect many more Asian countries (at first) to follow in Australia’s footsteps, because while the developed world is far more engaged in diluting its currency as a means to spur “growth”, Asian and developing world nations are still engage in real, actual trade, where China is rapidly and aggressively becoming the world’s hub…

Why is this so very critical? For the simple reason that the free lunch the US has enjoyed ever since the advent of the US dollar as world reserve currency, may be coming to an end as other, more aggressive alternatives – both fiat, and hard-asset based – to the USD appear. And since there is no such thing as a free lunch, all the deferred pain the US Treasury Department has been able to offset thanks to its global currency monopoly status will come crashing down the second the world starts getting doubts about the true nature of just who the real reserve currency will be in the future.

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As the World's Christians Celebrate Easter, Pope Francis Makes Plea For Mideast Peace

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Photo Credit: Alessandra Tarantino

By Frances D’Emilio. Pope Francis delivered a plea for peace in his first Easter Sunday message to the world, decrying the seemingly endless conflicts in the Middle East and on the Korean Ppeninsula after celebrating Mass along with more than 250,000 faithful.

After the Mass in St. Peter’s Square, Francis shared in the crowd’s exuberance as they celebrated the belief that Jesus Christ rose from the dead following crucifixion. Aboard an open-topped popemobile, Francis took a lighthearted spin through the joyous gatherers, kissing babies and patting children on the head.

One admirer of the pope and the pope’s favorite soccer team, Argentina’s Saints of San Lorenzo, insisted that Francis take a team jersey he was waving at the pontiff. A delighted Francis obliged, briefly holding up the shirt.

Since the start of his papacy on March 13, Francis repeatedly has put his concern for the poor and suffering at the center of his messages, and the Easter speech he delivered from the balcony of St. Peter’s Basilica reflected his push for peace and social justice.

He said he wished a “Happy Easter” greeting could reach “every house and every family, especially where the suffering is greatest, in hospitals, in prisons.” Francis prayed that Christ would help people “change hatred into love, vengeance into forgiveness, war into peace.” Read more from this story HERE.

Pope Francis’s First Easter Message

By Pope Francis. Dear brothers and sisters in Rome and throughout the world, Happy Easter! Happy Easter!

What a joy it is for me to announce this message: Christ is risen! I would like it to go out to every house and every family, especially where the suffering is greatest, in hospitals, in prisons.

Most of all, I would like it to enter every heart, for it is there that God wants to sow this Good News: Jesus is risen, there is hope for you, you are no longer in the power of sin, of evil! Love has triumphed, mercy has been victorious! The mercy of God always triumphs!

We too, like the women who were Jesus’ disciples, who went to the tomb and found it empty, may wonder what this event means (cf. Lk 24:4). What does it mean that Jesus is risen? It means that the love of God is stronger than evil and death itself; it means that the love of God can transform our lives and let those desert places in our hearts bloom. The love God can do this!

This same love for which the Son of God became man and followed the way of humility and self-giving to the very end, down to hell – to the abyss of separation from God – this same merciful love has flooded with light the dead body of Jesus, has transfigured it, has made it pass into eternal life. Jesus did not return to his former life, to earthly life, but entered into the glorious life of God and he entered there with our humanity, opening us to a future of hope.

This is what Easter is: it is the exodus, the passage of human beings from slavery to sin and evil to the freedom of love and goodness. Because God is life, life alone, and we are his glory: the living man (cf. Irenaeus, Adversus Haereses, 4,20,5-7).
Dear brothers and sisters, Christ died and rose once for all, and for everyone, but the power of the Resurrection, this passover from slavery to evil to the freedom of goodness, must be accomplished in every age, in our concrete existence, in our everyday lives. How many deserts, even today, do human beings need to cross! Above all, the desert within, when we have no love for God or neighbour, when we fail to realize that we are guardians of all that the Creator has given us and continues to give us. God’s mercy can make even the driest land become a garden, can restore life to dry bones (cf. Ez 37:1-14).

So this is the invitation which I address to everyone: Let us accept the grace of Christ’s Resurrection! Let us be renewed by God’s mercy, let us be loved by Jesus, let us enable the power of his love to transform our lives too; and let us become agents of this mercy, channels through which God can water the earth, protect all creation and make justice and peace flourish.

And so we ask the risen Jesus, who turns death into life, to change hatred into love, vengeance into forgiveness, war into peace. Yes, Christ is our peace, and through him we implore peace for all the world.

Peace for the Middle East, and particularly between Israelis and Palestinians, who struggle to find the road of agreement, that they may willingly and courageously resume negotiations to end a conflict that has lasted all too long. Peace in Iraq, that every act of violence may end, and above all for dear Syria, for its people torn by conflict and for the many refugees who await help and comfort. How much blood has been shed! And how much suffering must there still be before a political solution to the crisis will be found?

Peace for Africa, still the scene of violent conflicts. In Mali, may unity and stability be restored; in Nigeria, where attacks sadly continue, gravely threatening the lives of many innocent people, and where great numbers of persons, including children, are held hostage by terrorist groups. Peace in the East of the Democratic Republic of Congo, and in the Central African Republic, where many have been forced to leave their homes and continue to live in fear.

Peace in Asia, above all on the Korean peninsula: may disagreements be overcome and a renewed spirit of reconciliation grow.

Peace in the whole world, still divided by greed looking for easy gain, wounded by the selfishness which threatens human life and the family, selfishness that continues in human trafficking, the most extensive form of slavery in this twenty-first century; human trafficking is the most extensive form of slavery in this twenty-first century! Peace to the whole world, torn apart by violence linked to drug trafficking and by the iniquitous exploitation of natural resources! Peace to this our Earth! Made the risen Jesus bring comfort to the victims of natural disasters and make us responsible guardians of creation.

Dear brothers and sisters, to all of you who are listening to me, from Rome and from all over of the world, I address the invitation of the Psalm: “Give thanks to the Lord for he is good; for his steadfast love endures for ever. Let Israel say: ‘His steadfast love endures for ever'” (Ps 117:1-2).

Greeting
Dear Brothers and Sisters, to you who have come from all over the world to this Square at the heart of Christianity, and to you linked by modern technology, I repeat my greeting: Happy Easter!

Bear in your families and in your countries the message of joy, hope and peace which every year, on this day, is powerfully renewed.

May the risen Lord, the conqueror of sin and death, be a support to you all, especially to the weakest and neediest. Thank you for your presence and for the witness of your faith. A thought and a special thank-you for the beautiful flowers, which come from the Netherlands. To all of you I affectionately say again: may the risen Christ guide all of you and the whole of humanity on the paths of justice, love and peace.
__
Copyright Vatican Publishing House

Iran: 2013 Will Be 'Fall of American Empire'

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Photo Credit: WND

The “American empire” will fall this year, the head of Iran’s Basij forces claimed Sunday, a message that was approved by the Islamic regime’s supreme leader.

“America should not think that with some diplomatic dialogue it can solve its dossier (problem) with the nation of Iran,” Brig. Gen. Mohammad Reza Naghdi said. “The path of this land is directed by the martyrs. America with its hollow slogans … thinks the Iranian nation will believe it.”

The Basij commander was speaking to an audience of the 10th conference of “Journey of Enlightened Land” commemorating the “martyrs” of the eight-year war with Iraq, according to the Journalist Club, an outlet run by the Revolutionary Guards intelligence division.

Naghdi called President Obama’s actions deceitful, saying, “Obama in letters sent to the Islamic Republic promised to put an end to the Iranian nuclear dossier but … reacted in a different way.”

As reported in January 2012, Iranian officials revealed the contents of an Obama letter to Iran’s supreme leader, Ayatollah Ali Khamenei, that indicated a deep desire by the U.S. president for a dialogue with the radical leaders of Iran. Iranian officials also claimed that a subsequent oral message by Obama delivered through the Swiss ambassador in Tehran was even more revealing than the letter delivered to the Iranian supreme leader.

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US Sends F-22 Stealth Raptors to Join B-2's as North Korea Declares a "State of War"

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The United States has sent F-22 stealth fighter jets to South Korea to join Seoul forces in military drills as North Korea warns the Korean Peninsula has entered “a state of war.”

A senior U.S. official confirms to Fox News that the F-22 Raptors were deployed to Osan Air Base in South Korea from Japan on Sunday to support ongoing U.S.-South Korean military drills.

North Korea has increased its threatening rhetoric in recent weeks, including vowing to launch a nuclear strike on Washington. In a statement released Sunday, U.S. military in South Korea urged North Korea to restrain itself.

“(North Korea) will achieve nothing by threats or provocations, which will only further isolate North Korea and undermine international efforts to ensure peace and stability in Northeast Asia,” the statement said.

Meanwhile, North Korea said Saturday its armed forces, “will blow up U.S. bases for aggression in its mainland and in the Pacific operational theatres including Hawaii and Guam.”

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Putin Orders Ban On Adoptions By Foreign Same-Sex Couples

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Photo Credit: RIA Novosti/Aleksey Nikolsky

President Putin is against the adoption of Russian orphans by foreign same-sex couples, Russian media reveal. The government and the Supreme Court have reportedly been requested to come up with amendments to the law by July 1.

Most likely the order will be fulfilled by the Ministry of Education and Science, which deals with issues concerning orphans and adoptions, according to Izvestia daily. But the ministry says it has not yet received instructions on the matter.

Tensions over the issue arose in mid-February, after the French National Assembly approved a sweeping bill to legalize gay marriage and allow same-sex couples to adopt children.

Soon after that children’s rights ombudsman Pavel Astakhov vowed he would do everything possible to ensure that Russian orphans are only adopted by traditional, heterosexual families.

In February, the Russian Foreign Ministry reported that it planned to verify the possible “psychological damage” inflicted on Russian orphan Yegor Shabatalov.The boy was adopted by an American woman, who lived in a same-sex marriage with another US citizen. However, she concealed her relationship from Russian authorities when she filed the adoption request.

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North Korea Increases Tensions With South By Issuing Threat Over Factories

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Photo Credit: KCNA/EPA

The rising tension between North and South Korea escalated further on Saturday as Pyongyang threatened to shut down a vital factory complex run jointly by the two countries.

North Korea has been engaged in a massive display of sabre-rattling in recent days, declaring that it was in a “state of war” with its far wealthier and more powerful southern neighbour. It has also cut a military hotline between the two countries that was one of the few ways that senior North and South Korean officials could talk to each other, adding to a sharp sense of unease about events on the Korean peninsula.

Now North Korea has explicitly said that it may target the Kaesong industrial park – an important trade zone that is run jointly with South Korean expertise and North Korean labour. Kaesong is a vital source of foreign currency for the North and has been operating normally so far, despite the bellicose warnings dominating headlines in both Koreas.

A spokesman for the North Korean department controlling Kaesong was quoted by the country’s state news agency as warning the country would “shut down the zone without mercy” if it felt it was not being taken seriously.

Recent weeks have seen a torrent of bellicose rhetoric from Pyongyang threatening dire consequences for both South Korea and the US. North Korea is angry about the annual South Korea-US military drills, which will run until the end of April, and at the UN sanctions imposed after it carried out another nuclear test in February.

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Abandoning Consensus, Obama Admin. Now Demands Immediate Vote On United Nations Arms Trade Treaty

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The Obama administration is demanding that the U.N. General Assembly vote on an arms trade treaty opposed by the National Rifle Association (NRA) next week, abandoning its earlier insistence on consensus.

The conference drafting the text broke up Thursday afternoon without reaching a deal after North Korea (DPRK), Syria and Iran objected. The United States immediately joined 11 other countries demanding a vote in the General Assembly after the president of the conference delivers his report on Tuesday.

“The U.S. regrets that it was not possible today to reach consensus at this conference on an arms trade treaty,” said Tom Countryman, the assistant secretary of State for International Security and Nonproliferation and head of the U.S. delegation to the Arms Trade Treaty Conference. “Such a treaty would promote global security, would advance important humanitarian objectives, and it would affirm the legitimacy of the international trade in conventional arms.”

He said the text that failed to reach consensus Thursday was “meaningful,” “implementable,” and “did not touch in any way upon the constitutional rights of American citizens.”

“We look forward to this text being adopted by the United Nations General Assembly in the very near future,” Countryman told reporters in a conference call Thursday night. “It’s important to the United States and the defense of our interests to insist on consensus. But every state in this process has always been conscious of the fact that, if consensus is not reached in this process, that there are other ways to adopt this treaty, including via a vote of the General Assembly.”

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Hostile Takeover: Islamists Entering Egyptian Military in Muslim Brotherhood Effort to Take Control

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Egypt’s Muslim Brotherhood-affiliated government recently allowed members of the Brotherhood and hardline jihadists to join Egypt’s military academy for the first time as part of what U.S. officials say is a covert effort to impose Islamist rule in the key Middle East state.

According to U.S. officials with access to intelligence reports, the government of President Mohamed Morsi is covertly taking steps to take control over the pro-Western military and the police forces as part of a campaign to solidify Islamist control.

Egypt for decades had banned the Muslim Brotherhood and radical Islamist groups from both the military and police academies after Islamic terrorists in the military assassinated Egyptian leader Anwar Sadat in 1981.

The Egyptian military also for decades has maintained close ties to the U.S. military. Analysts in the U.S. intelligence community and the military are viewing the introduction of Islamists into the national military academy, disclosed last week, with concern.

Muslim Brotherhood members and hardline Salafi groups are regarded as dedicated first to jihad, or holy war, and other Islamist principles rather than to the country. “Any opening of the Egyptian military to Islamist elements would be a big and complicated change,” said one U.S. official. “It’s not clear how it would be managed or how well the rank and file would absorb it.”

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