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Reported by: Soha crwenewswire Mideast correspondent.

The Taliban have said that US General David Petraeus is killing more civilians and drawing more attacks on US and NATO troops since he took command in Afghanistan.

The Afghan Taliban said on their website `Petraeus only accomplishment since he took over US and NATO troop command three weeks ago, is civilian casualties (mass murder), which is being considered by many nas his new war strategy and tactic`.

The website claimed that `90 non-combatant defenseless civilians have been martyred by the US invaders` blind bombardments across Afghanistan over the past two weeks, adding that such actions only create growing resentment by Afghans against foreign troops`.

Over the past one and a half year the US forces have increased attacks with unmanned drone aircraft in Afghanistan. Regarding these attacks Taliban said `of every type on US invading forces…have reached record levels since General Patraeus took charge. The consensus among the people of Afghanistan is there is a lack of morale among US troops which has left Petraeus with no other alternative but to resort to carrying out his vicious war plans and tactics, which are causing further civilian casualties (mass murder) over and over again`. This is creating a whole new generation of terrorists who will carry a hatred toward the US

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Reported by Hassan Mohammad Zaman
Mid East Correspondent for crwenewswire.com

Obama administration has finally legislated new Iran Sanctions bill, this Thursday. The measures need President’s signature only, to take the form of a law. Secretary of the state, Hillary Clinton, has shown grim resolve to implement the bill ‘in all meanings’. The Jerusalem Post quoted Hillary:

“The United States will work with our partners to maximize the impact of these efforts and to continue pursuing a diplomatic resolution to the international community’s concerns regarding Iran’s nuclear program.”

According to Hillary, this is the most comprehensive and result oriented approach to check Iran for her aggressive designs. She blames ex- US governments for giving a loose hand to Iran by neglecting the whole hearted practice of the sanctions, they imposed on Iran.

On the other hand, the House unanimously passed another resolution, demanding freedom of an IDF soldier on his ‘fourth anniversary of abduction’. The House speaker Nancy Pelosi elaborated their cause further as

“We continue to offer our support to the family of Gilad Shalit and to the people of Israel,” and
“Congress stands united behind a future of peace and security for the Jewish state.”?

The size of Israeli armament industry is not a secret today. World witnessed the devastating potential of Israeli army only two years ago. Neither Iran has still demonstrated any such practice nor, the opponents have been able to bring out the solid proofs of her aggressive designs. How can a super power justify her hunger for peace and equality by practicing such dual standards?

The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

By Bobbie Katz

Although the environmental disaster in the Gulf of Mexico is one with no match, a spokesman for BP said that the company has “considerable firepower” to meet the costs and denied talk that the oil giant was seeking bankruptcy protection.

Still, analysts note that a heavy inversion of both credit yield and equity volatility suggests that the market is concerned about a “near-term credit event” around BP. Since the oil spill catastrophe started on April 20 following the explosion on the Deepwater Horizon oil rig, total share losses for BP stand at about $100 billion, more than halving its pre-spill value. BP Plc stock hit a 14-year low on Friday and its credit weakened sharply on continued murmurings that it needs extra cash to fund the clean-up and compensation bill for the disaster.

According to BP, so far clean-up and compensation costs for the worst oil spill in U.S. history are $2.35 billion. The company said that 4,500 vessels, 100 aircraft and 37,000 people were currently involved in the response effort. It also noted that a relief well had successfully detected the blown-out MC252 well and would continue to a target intercept depth of 18,000 feet when “kill” operations would begin.

But investors are worried about the ultimate costs to BP, which has agreed under pressure from the U.S. government to set up a $20-billion fund to pay damages to oil spill victims. The company also faces more than 200 lawsuits related to the catastrophe.

Further concerns that clean-up operations could be hampered are due to reports from the U.S. National Hurricane Center and other weather forecasters that a tropical wave over the western Caribbean Sea has a major chance of developing into a tropical depression over the next few days. Although most weather models see it hitting the coast near the Texas/Mexico border, some expect the wave to turn northeast toward Florida and the eastern Gulf of Mexico in close proximity to where BP’s clean-up operations are in high gear.

In other related news, the Obama administration is pursuing its legal options after Louisiana Federal Judge Martin Feldman issued a decision lifting a six-month ban on deepwater drilling that the government imposed following the explosion that killed 11 workers and has now has sent anywhere from 65 million to 127 million gallons of crude into the sea. The government has appealed to the U.S. Court of Appeals for the Fifth Circuit and can ask it to stay Judge Feldman’s decision .

The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

By Bobbie Katz

The flagship effort of the Obama Administration to help people in danger of foreclosure appears to be in danger of finding itself at half-mast…
More than a third of the 1.24 million borrowers who have enrolled in the $75 billion mortgage modification program have dropped out, with 150,000 of them having left the program last month alone. Since the program began in March 2009,436,000 homeowners have exited, which is more than the 27 percent who have been able to get their loan payments reduced to help them keep their homes.

The reason for the mass exiting is that, initially, the Obama administration pressured banks to sign people up without proof of income. When that changed and banks later moved to collect the information, many troubled borrowers, amid complaints that the banks lost their documents, were disqualified or dropped out. For its part, the industry claimed that homeowners weren’t sending back the necessary paperwork.

Under the new system, lenders are required to collect two recent pay stubs at the start of the process. Plus, borrowers have to give the Internal Revenue Service permission to provide their most recent tax returns to lenders.

The other problem is that some homeowners are under water, meaning that their mortgages are more than their property is worth. That’s why analysts are saying that more people are likely to drop out of the program in the coming months. If that occurs, it could lead to a new wave of foreclosures, which could weaken the housing market and restrain the broader economic recovery.

Even after their loans are modified, many borrowers are simply fraught with too much debt — from home equity loans to car loans to credit cards. But even if they fail to qualify for the program, Obama administration officials contend that borrowers are still getting help. The administration’s statistics, which have been published, show that nearly half the borrowers that dropped out of the program received an alternative loan modification from their lender. About 7 percent fell into foreclosure.

Another option is a short sale — one in which banks agree to let borrowers sell their homes for less than they owe on their mortgage. The Obama administration is giving $3,000 for moving expenses to homeowners who complete a sale of this nature or agree to turn over the deed of the property to the lender.

The loan modification program is designed to lower borrowers’ monthly payment by reducing their mortgage rates to as low as 2 percent for five years and extending loan terms to as long as 40 years. Borrowers who complete the program are saving an average of $514 a month. Mortgage companies get taxpayer incentives to reduce borrowers’ monthly payments.

The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.