News and Prophecy Staff

For the last several years, oil prices have dropped right around the time of the fall Holy Days (fall in the northern hemisphere, that is).  This year appears to be the same.  Gasoline (petrol) prices have been dropping for the last several weeks now.  Monday, oil reached its lowest price since September 2010.  It ended trading in New York at $78 per barrel.  Experts believe it will stay low to year’s end (Associated Press, October 3, 2011).

Last week President Barack Obama “rebuked EU leaders for failing to recapitalize banks and allowing the debt crisis to escalate to the point where it is scaring the world.”  Reaction from the German finance minister, Wolfgang Schäuble, was one of scorn, “I don’t understand how anyone in the European Commission can have such a stupid idea [spending one’s way out of a debt crisis].  The result would be to endanger the AAA sovereign debt ratings of other member states.  It makes no sense.”  Mr. Schäuble basically told Washington to “mind its own business” following Mr.

Last Friday the German parliament symbolically voted to continue supporting European debt relief.  Internally, the parliament was split, with representatives refusing to further support EU debt by giving up German sovereignty through a fiscal union.  A Bavarian representative warned that “…the Free State of Bavaria will not take one step further towards an EMU fiscal union or debt pool.”  According to a seasoned journalist, “Germans have begun to sense that the preservation of their own democracy and rule of law is in conflict with demands from Europe.

“The fungus, Candida albicans, is widespread among humans.  It is relatively harmless to healthy people but can be fatal to hospital patients with weak immune systems.”  It causes 25% of hospital blood infections and is an opportunistic infection that moves from the gut to the blood stream when body defenses are low.  Like MRSA and C. difficil (“C. dif”), this fungus has the ability to develop resistance to treatment.  At the recent Society for General Microbiology conference, Dr. Carol Munro of Aberdeen University acknowledged, “C.

Poland now holds the EU’s rotating presidency and its finance minister, Jacek Rostowski, made this prediction two weeks ago.  On September 14, Mr. Rostowski spoke to MEPs (members of parliament) in Strasbourg.  In his speech, he “warned of the need to act rapidly to prevent grave danger for the EU.”  This comment followed growing speculation that Greece will default on its EU loans.