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Gaza-based Hamas strongman Mahmoud Zahar declared Tuesday that his Islamist militant group reserves the right to bring arms into Gaza. "It's our right to bring in everything - money and arms. We will not give anyone any commitment on this subject," Zahar told Reuters in an interview in the Egyptian town of Ismailia. O Advertisement ne the goals of Israel's recent offensive against Hamas in Gaza was to stem the flow of weaponry into the coastal strip.

WASHINGTON (Jan. 17, 2009) - The Army Reserve signed an agreement with General Electric Jan. 15 at the Pentagon making the 330,000-employee company the 153rd to become an employer partner with the Reserve in less than a year. Chief of the Army Reserve Lt. Gen. Jack C. Stultz and GE Vice President and Chief Security Officer Francis X. Taylor put their pens to the Employer Partnership Initiative document, formalizing an agreement to work collaboratively in developing long-term job solutions for Soldiers and veterans. "GE has a great development program in terms of teaching not only the technical skills, but management...

FRESNO, Calif., Dec. 31, 2008 – Like many high school seniors, Megan Schlotthauer wasn't sure what she wanted to do after graduation. Her grades weren't the best, and college is expensive. Megan Schlotthauer, left, and her mother, Lisa Altoon, enlisted together in the Army Reserve. U.S. Army photo by Al Laxamana  (Click photo for screen-resolution image);high-resolution image available. Searching for a purpose, the 17-year-old decided to explore her options in the Army Reserve. "I was looking at the community colleges, and thought I would go there," she said. "Then I was talking to some people I know who are in...

The U.S. military expects to have 20,000 uniformed troops inside the United States by 2011 trained to help state and local officials respond to a nuclear terrorist attack or other domestic catastrophe, according to Pentagon officials. The long-planned shift in the Defense Department's role in homeland security was recently backed with funding and troop commitments after years of prodding by Congress and outside experts, defense analysts said. There are critics of the change, in the military and among civil liberties groups and libertarians who express concern that the new homeland emphasis threatens to strain the military and possibly undermine the...

Officially, the central bank holds $8.14 billion (£4.65 billion) of foreign currency, but if forward liabilities are included, the real reserves may be only $3 billion - enough to buy about 30 days of imports like oil and food. Nine months ago, Pakistan had $16 bn in the coffers. The government is engulfed by crises left behind by Pervez Musharraf, the military ruler who resigned the presidency in August. High oil prices have combined with endemic corruption and mismanagement to inflict huge damage on the economy. Given the country's standing as a frontline state in the US-led "war on terrorism",...

Several news reports out today announced that the Fed would begin paying interest on bank reserves. Is this a good idea? Right now the Fed makes a substantial profit that is returned to the U.S. Treasury. They make that becuase they charge interest on loans to banks, but don't pay anything on the required reserves. In other words Federal Reserve profit has been a U.S. government income stream that will now be reduced.

A Modest Proposal – for a “NO cost” bailout: ASSUMPTIONS: This proposal is based on the assumption that the following accurately describe the problem we are trying to solve: That banks (some “commercial” banks, and most “investment” banks) are failing and/or will be unable to make loans due to large holdings of “toxic” debt instruments. That these “toxic” instruments are unsaleable because they include, in various proportions, Sub-prime mortgages., Because these instruments are not pure bundles of mortgages, but instead are Derivatives of such mortgage “bundles,” it is difficult, if not impossible, to accurately determine whether the underlying mortgages are...

Congressional Democrats want the United States to tap into the Strategic Petroleum Reserve to help bring down oil prices, U.S. Sen. Patty Murray said Saturday. Murray said during the Democrats' weekly radio address that with gasoline prices reaching new highs, it is time to use the emergency reserves and urge oil companies to drill on leased federal lands. We believe it's time for the oil companies to use that land and to make sure that it stays in America instead of shipping it to the highest bidder overseas, Murray said. Democrats also think it is time to tap into the...

FORT WORTH — In a few days, Francisco Martinez will land in Iraq. He is one of tens of thousands of men and women who, with various motivations, enlisted in the armed forces, knowing that they’d someday end up there. For Martinez, Iraq is a kind of perdition, a receptacle for all the dark emotions, anguish and guilt that have buffeted him for the last three years. When Martinez steps off the airplane, he will be in the country that took his only son, a 20-year-old skateboarder and budding graphic artist whose loss is felt every single day of his...

Junk your SUV and buy an electric scooter. Recent claims by various OPEC leaders that the world has plenty of oil left are bunk, alleges Sadad Al-Husseini, a former top executive at Saudi Aramco, Saudi Arabia’s state-owned oil company. Oil-producing countries are inflating the size of their oil reserves by as much as 300 billion barrels by padding supposedly proven reserves with “probable” reserves and tar and oil sands, according to Husseini. Such hypothetical reserves are “not delineated, not accessible and not available for production,” Husseini said at a recent energy conference in London. Oil production has now reached its...

WASHINGTON, May 1, 2008 – The Defense Commissary Agency is taking the commissary benefit to National Guard and reserve members and their families living in remote areas. Guard and reserve members and their families shop at the case-lot sale at the North Carolina Air National Guard base of 145th Airlift Wing, held in Charlotte, N.C., April 3-6. U.S. Army Photo by Margaret McKenzie  (Click photo for screen-resolution image);high-resolution image available. "The 2004 National Defense Authorization Act authorized full commissary benefits for members of the Ready Reserve," Richard Page, acting Defense Commissary Agency director, said. “Through our new ‘Bringing the Benefit...

LA PLATA, Md., April 29, 2008 – At least 60 airmen, soldiers and civilians with the Air and Army National Guard brought Christmas early to a disabled Maryland resident here April 26 by repairing her home on "National Rebuilding Day." Members of the National Guard Bureau, the Air Guard Readiness Center and the District of Columbia National Guard were among the volunteers who repaired the home of Michelle Samuel for what they called a "Christmas in April" event. Known nationally as Rebuilding Day, the annual event's community projects are planned and organized for the last Saturday in April. Orchestrated...

There's a lot of talk about a "credit crunch" and speculation about what it means for the U.S. and global economies. To summarize it, I would say: "The banks have no reserves other than debt." This chart shows the total "non-borrowed" reserves in the U.S. banking system (as an aggregate of the entire financial system). Negative non-borrowed reserves indicates basically that the reserves are borrowed for the first time in U.S. economic history. The sharp drop shown here indicates the beginning of the credit crunch in late 2007:

First the good news: Automotive expert Ed Wallace says there's no gasoline or oil shortage in the U.S. today and near-record reserves are on hand. Now the bad news: Not only has the congressional mandate for ethanol jacked up the price of food, but Washington, Wall Street and fuel producers all want you to think the gas and oil shortage they keep talking about is real. Washington, Wallace says, appears to be protecting oil speculators and ethanol producers rather than the interests of U.S. citizens who will ultimately pay higher prices for food and U.S. farmers, who are already staggering...

Local children of Al Arafia stand in line, Dec. 8, as Soldiers from Company D, 1st Battalion, 15th Infantry Regiment and Concerned Local Citizens hand out bags full of school supplies. Photo by Sgt. Natalie Rostek, 3rd Brigade Combat Team, 3rd Infantry Division Public Affairs. FORWARD OPERATING BASE HAMMER — Soldiers of Company D, 1st Battalion, 15th Infantry Regiment completed two humanitarian missions in Al Arafia including a food and schoolbag drop, Dec. 8, and a medical assistance visit, Dec. 14. Company D Soldiers together with Concerned Local Citizens (CLC) of Arafia, handed food and bags of school supplies to...

WASHINGTON, Dec. 11, 2007 – All military components met their recruiting goals in November, Defense Department officials said here yesterday. It was the sixth month in a row that all services made their recruiting goals, officials said. The military is recruiting in a difficult environment, defense officials said. Only three out of every 10 Americans in the targeted age group qualifies for military service. A good American economy and feelings against the Iraq war degrade the propensity of young Americans to enlist, officials said. Still, the military is doing well. On the active-duty side, the Marine Corps made 108 percent...

IT IS the army's recruitment season in Yantai, a port in Shandong province in northern China. A poster in one fishing village calls on citizens to report any attempt to secure one of the coveted vacancies by paying bribes or forging papers. But the Yantai authorities are far more worried about what happens when servicemen are discharged. Here and elsewhere angry ex-soldiers have been taking to the streets. Over the past couple of years protests by demobilised soldiers have become a potent challenge to local governments trying to keep the lid on unrest during a period of wrenching social and...

Would anyone like a free dinner at Golden Corral? Well, there is an easy way if you are an American military veteran. Golden Corral just announced this year’s Military Appreciation Monday will be November 12, 2007, from 5 to 9 pm. For the past 6 years, Golden Corral has been honoring the US Military with a free “thank you” dinner and beverage at any Golden Corral restaurant on Military Appreciation Monday (first Monday after Veteran’s Day), to honor any person who has ever served in the United States Military. In the past the only requirement to receive the free meal...

Brazil announces new oil reserves By Gary Duffy BBC News, Sao Paulo Brazil has developed expertise in deep-sea drilling in recent years The Brazilian government says huge new oil reserves discovered off its coast could turn the country into one of the biggest oil producers in the world. Petrobras, Brazil's national oil company, says it believes the offshore Tupi field has between 5bn and 8bn barrels of recoverable light oil. A senior minister said Brazilian oil production had the potential to match that of Venezuela and Saudi Arabia. Petrobras delivered its estimate after analysing test results. The state-controlled company says...

New Theory Predicts Location Of Oil And Gas Reserves Science Daily (Oct. 21, 2007) — Researchers in Stavanger, Norway, have developed a theory which can be important for future oil and gas exploration. The Golden Zone is the name of a an underground zone where temperatures range between 60 and 120 C. The name refers to a new discovery that 90 per cent of the world's oil and gas reserves are to be found just there. The theory has been tested and verified against a global database containing 120 000 oil fields under production, This gives geologists a tool that...