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Note: The following text is a quote: http://www.justice.gov/opa/pr/2009/December/09-nsd-1338.html FOR IMMEDIATE RELEASE Monday, December 14, 2009 Terrorism Defendants Sentenced in Atlanta Ehsanul Islam Sadequee Receives 17 Years in Prison; Co-defendant Syed Haris Ahmed Receives 13 Years Ehsanul Islam Sadequee, 23, of Roswell, Ga., and Syed Haris Ahmed, 25, of Atlanta, were sentenced today in federal court following their convictions earlier this year in separate but related criminal trials, the Justice Department announced. "With their words and their actions, these defendants supported the wrongheaded but very dangerous idea that armed violence aimed at American interests will force our Government and our people...

The World Bank announced on Wednesday $US5.5 billion ($A6 billion) would be invested in solar energy projects in five countries of the Middle East and North Africa in a bid to combat climate change. The Washington-based bank's Clean Technology Fund approved financing of $US750 million ($A824 million) on December 2 to boost the use of concentrated solar power, an advanced technology that concentrates sunlight to harness energy. The fund's financing "will mobilise an additional 4.85 billion dollars from other sources, to accelerate global deployment of Concentrated Solar Power (CSP)," the development lender said in a statement. The Clean Technology fund...

The Copenhagen climate talks have been rocked by the leak of a draft final agreement which weakens the role of the United Nations in climate change negotiations and abandons the Kyoto Protocol. The "Danish text" draft agreement, published by the UK's Guardian newspaper, has been described as a dangerous document for developing countries. Over the past week, parts of Denmark's proposal have leaked into the public domain, but this is the first time it has been published in its entirety. According to the Guardian, the secret agreement has been worked on by a group of individuals known as the 'circle...

The UN Copenhagen climate talks are in disarray today after developing countries reacted furiously to leaked documents that show world leaders will next week be asked to sign an agreement that hands more power to rich countries and sidelines the UN's role in all future climate change negotiations.

On October 14, Lord Christopher Monckton, a noted climate change expert, gave a presentation at Bethel College in St. Paul, MN in which he issued a dire warning regarding the United Nations Climate Change Treaty which is scheduled to be signed in Copenhagen in December 2009. .. Video 4:11 min

Jerome Corsi and Sean Hannity discuss how American sovereignty is being sold out. Who the main players are and their agenda to Globalization. Corsi calls Obama Post- America. Describing him as an Internationalist. Obama is going along with the agenda giving away sovereighnty in recent G20 and IMF agreements.

With comments from World Bank president Robert Zoellick that the Bank may soon run out of funds, Treasury Secretary Geithner delivered a speech in Istanbul before the joint World Bank-IMF Development meeting where he identified an expanded role for the World Bank involving food security and climate change.He further acknowledged a request from the World Bank for additional funds and said the request was under review. Clearly, the model for the New World Order expansion appears to be to use existing organizations as fronts, if the World Bank will be playing a role in food security and climate change. Geithner...

<p>US economic power is declining as a result of the financial crisis, the head of the World Bank has said.</p> <p>"One of the legacies of this crisis may be a recognition of changed economic power relations," said World Bank president Robert Zoellick.</p>

• China and India set to become established global powers • Euro and renminbi tipped to join dollar as reserve currencies • Other developing economies predicted to flourish in recovery The wrenching financial crisis of the past two years will provide the catalyst for a profound change in the global economy – which, according to the man running the World Bank, will see China and India become established centres of power, the dollar eclipsed as the sole reserve currency, and Latin America, south-east Asia and Africa emerge as new sources of growth. But as he surveys the wreckage caused by...

World Bank could run out of money 'within 12 months' The World Bank is close to running out of money, its president, Robert Zoellick, has disclosed. By Edmund Conway, Economics Editor in Istanbul Published: 8:36PM BST 02 Oct 2009 World Bank president Robert Zoellick has launched a major campaign secure more funding from rich nations Photo: REUTERS The Bank, whose job it is to support low-income countries, has had to hand out so much cash in the wake of the financial crisis that its resources could run dry within 12 months. “By the middle of next year we will face...

ISTANBUL (AFP) – The World Bank on Friday warned the global economy was on unsteady legs, saying that 2010 would be "a highly uncertain economic year" as other signals took the gloss off talk of a quick recovery. The warning came as stock markets tumbled around the world and the United States, the world's biggest economy, said job losses had accelerated to 263,000 in September and the unemployment rate rose to 9.8 percent. The International Monetary Fund raised its economic growth forecasts for next year for most major advanced and emerging economies on Thursday. But experts warn that unemployment will...

China faces 'big' uncertainties: World Bank chief By P. Parameswaran (AFP) – 22 hours ago WASHINGTON — China faces major uncertainties even though it rebounded strongly from the latest financial crisis aided by its huge treasure chest, World Bank President Robert Zoellick said on Monday. "China's future is not yet determined," he said even though the Asian giant effectively pump primed its huge economy and used various monetary polices to weather the crisis that plunged the world into recession. Noting that China's rapid recovery was fuelled by an expansion of credit, he said "this flood is now easing, and authorities...

The World Bank is spending billions of pounds subsidising new coal-fired power stations in developing countries despite claiming that burning fossil fuels exposes the poor to catastrophic climate change. It says that the world must reduce its dependence on fossil fuels, but it is funding several giant coal-burning plants that will each emit millions of tonnes of carbon dioxide a year for the next 40 to 50 years.

WASHINGTON (AP) - President Barack Obama has irked close allies in Congress by declaring he has the right to ignore legislation on constitutional grounds after having criticized George W. Bush for doing the same. Four senior House Democrats on Tuesday said they were "surprised" and "chagrined" by Obama's declaration in June that he doesn't have to comply with provisions in a war spending bill that puts conditions on aid provided to the World Bank and International Monetary Fund. In a signing statement accompanying the $106 billion bill, Obama said he wouldn't allow the legislation to interfere with his authority as...

World Bank president, Robert Zoellick, was born in Naperville, Illinois. He was educated at Harvard Law School and worked at Goldman Sachs and the State Department but still has the directness of a Midwesterner. He recently wrote to the G8 members who are meeting in Italy, a place about as philosophically distant from the Midwest as anywhere could be, that “…2009 remains a dangerous year. Recent gains could be reversed easily, and the pace of recovery in 2010 is far from certain.” The reason that he may not have delivered the message in person is even though he had the...

PORT-AU-PRINCE, Haiti (AP) — Three international organizations canceled $1.2 billion of Haiti's debt Tuesday, freeing up millions of dollars each year for the deeply impoverished Caribbean nation that is beset by humanitarian crises. The World Bank and the International Monetary Fund said their boards decided this week to forgive Haiti's obligations to the two organizations, a move that triggered previously announced debt relief from the Inter-American Development Bank. The actions erased nearly two-thirds of Haiti's outstanding debt. As of April, Haiti owned more than $1.9 billion, according to the Washington-based Center for Economic and Policy Research. "This is a pretty...

WASHINGTON, June 30 (Reuters) - The World Bank has "paused" all program lending to Honduras following a military coup in the impoverished country, World Bank President Robert Zoellick said on Tuesday. "We're working closely with the OAS (Organization of American States) and looking to the OAS to deal with its handling of the crisis under its democratic charter," Zoellick told reporters, "In the process we have put a pause with our lending."

A grim economic forecast from the World Bank put pressure on stocks and commodities prices on Monday and increased demand for Treasurys and the dollar. Shortly after the opening bell, the Dow Jones Industrial Average was lower by about 97 points. The S&P 500-stock index fell 1.6% and the Nasdaq Composite Index declined 1.6%. The World Bank added to the market's unease about the economic outlook as it said that the global economy will shrink by 2.9% this year. That is worse than the body's previous forecast for a 1.7% contraction. -snip- Treasury yields declined as investors snapped up government...

Brazil, Russia, India and China on Tuesday called for a more diversified international monetary system, but wrapped up their first full-fledged summit by avoiding any explicit criticism of the world's dominant currency, the U.S. dollar. The statement issued by the leaders from the so-called BRIC nations contained no reference to developing new reserve currencies to complement the dollar, which Russia had called for at a separate event earlier in the day. Instead, the cautious wording appeared to reflect China's concerns that any anti-dollar statements could erode the value of its currency reserves. "There is a strong need for a stable,...

Dambisa Moyo, the Zambian economist, educated at Harvard and Oxford and a former employee of The World Bank and Goldman Sachs, has created an inspiring, and provocative argument in her book titled “Dead Aid" - Why Aid Is Not Working and How There Is a Better Way for Africa. It’s a small volume book which suggests that foreign aid to African nations, totaling over a trillion dollars in the past 60 years was a waste. She argues that it's bad for Africa, and for Africans. In her opinion Aid keeps Africa and Africans in a sub servant’s role at a...

Federal guarantees by 13 countries on more than $400 billion of financial company bonds are punishing the AAA-rated World Bank Group with record borrowing costs -- an indication of what can go wrong when government gets in the way.The Washington-based ...

A Maryland man who works for the World Bank and traveled to Mexico this month has been identified as a "probable" victim of swine flu, and about 80 of his colleagues are being asked to work from home while officials determine whether they should be tested as well. It was not immediately clear whether the man, whose name was withheld for privacy reasons, is one of the six Maryland residents who officials announced yesterday received preliminary test results showing they had contracted the new and sometimes deadly virus. No residents of the District or Virginia so far are known to...

WASHINGTON (AFP) – The IMF and World Bank have warned that the global economic crisis is turning into a "human calamity" and called on members to speed up pledged aid and give even more to help the most vulnerable. At the end of spring meetings in Washington, the two Bretton Woods institutions on Sunday told their 185 member countries that the worst global slump in generations had already driven more than 50 million people into extreme poverty. "The global economy has deteriorated dramatically ... Developing countries face especially serious consequences as the financial and economic crisis turns into a human...

The US Capitol in Washington. President Barack Obama Monday asked Congress ... G-20 Leaders Agree to Dole Out $1 Trillion to IMF & World Bank President Barack Obama Monday asked Congress to back an expansion of an IMF emergency fund by 500 billion dollars in a move designed to expand its reach to big emerging market nations. Obama also asked lawmakers to approve a US contribution to the fund to 100 billion dollars, as part of the plan to swell International Monetary Fund reserves agreed at this month's Group of 20 summit in London. The president made the request in...

The US and Europe were widely expected to clash at the G-20 summit in London last month over how to address the global financial crisis. Voila, in just two days the problem was solved with a joint promise to increase IMF resources by $750 billion to a total of $1 trillion. The US portion of this new commitment is more than $140 billion. Yet Congress has debated neither the amount nor the proposed use of the funds. Instead, Obama and his fellow leaders simply waved their hands like a Star Trek captain and said make it so.

LONDON – Global leaders pledged an additional $1 trillion to restore credit, growth and jobs in the world economy on Thursday, exceeding expectations in their plan to deal with the financial crisis. The Group of 20 nations also agreed to renounce protectionism and pledged $250 billion in trade finance over the next two years — a key measure to help struggling developing countries, whom they promised to give a greater say in world economic affairs. The G-20 also outlined a raft of policies to rebuild trust in the financial system, including a crackdown on tax havens and hedge funds and...

At least 17 of the 20 major nations that vowed at a November summit to avoid protectionist steps that could spark a global trade war have violated that promise, with countries from Russia to the United States to China enacting measures aimed at limiting the flow of imported goods, according to a World Bank report unveiled yesterday. The report underscores a "worrying" trend toward protectionism as countries rush to shield their ailing domestic industries during the global economic crisis. It comes one day after Mexico vowed to slap new restrictions on 90 U.S. products. That action is being taken in...

Can't post the article due to copyright restrictions. Go to link to read: http://business.theage.com.au/business/world-bank-says-collapse-has-arrived-20090309-8taj.html

While WWII raged in 1944, 44 delegations met to create a world currency, bank, and trade organization. They fell short of that goal, but what will happen this time?   Even by the rarefied standards of wealthy New Englanders, the Mount Washington Hotel at Bretton Woods, New Hampshire, is a luxurious retreat. Built in 1902 by 250 skilled artisans for the then-princely sum of $1.7 million, the sprawling Spanish Renaissance-style resort, nestled in the shadow of Mount Washington, the northeast's highest peak, has long been a favorite of celebrities and presidents. But even the man who built it, industrialist Joseph Stickney,...

Managers at the World Bank provided false information to the agency's board of directors about a $39 million, politically-connected European "coastal cleanup" project that led to the destruction and destitution of a powerless village in Albania in 2007 — and then spent nearly two years trying to cover it up, FOX News has learned. Bank insiders also misled and stonewalled a panel of independent investigators commissioned by the board to investigate the scandal, according to the investigators themselves. World Bank sources tell FOX News that the panel's report, submitted to the 24-member board in late November, is one of the...

World Bank President Robert Zoellick Friday called on the new U.S. president to lead the developed world in diverting a small portion of economic stimulus to poorer nations caught up in the global crisis. Urging President Barack Obama to "send an audacious signal of hope," Zoellick said in an opinion piece in The New York Times that Obama should go to the April gathering of Group of 20 leaders in London with a proposal for developed countries to pledge 0.7% of their stimulus for a "vulnerability fund" to help countries that can't afford to run up deficits for bailouts and...

George Soros is the biggest sugar daddy of the Democratic Party, and naturally wants to ensure that the Democrats have a monopoly of power in America. Recently, I wrote an article for American Thinker on the role that George Soros has played in helping the Democrat Al Franken in his race against the Republican incumbent Norm Coleman for a Senate seat in Minnesota. However, there may be one other reason that Soros was determined that Norm Coleman in particular lose his seat. This was personal. Norm Coleman was the chairman of the Senate Governmental Affairs Permanent Subcommittee on Investigations and as...

A new global map released by the European Commission's Joint Research Centre and published in the World Bank’s World Development Report 2009, measures urbanisation from the new perspective of Travel Time to 8,500 Major Cities. The map fills an important gap in our understanding of economic, physical and even social connectivity.

(IsraelNN.com) The president of the World Bank and other international fiscal authorities are warning Israel in a strongly-worded letter not to withhold cash from Gaza. According to the Associated Press news agency, they also advised Jerusalem not to allow Israeli banks to implement a decision to sever ties with their Palestinian Authority counterparts in the Hamas terrorist-run region. The letter, dated December 12 and received Monday by Prime Minister Ehud Olmert, was signed by Robert B. Zoelick, Quartet Mideast envoy Tony Blair and International Monetary Fund managing director Dominique Strauss-Kahn. Withholding cash and ending reciprocal relations between Israeli and Gaza-based...

AugustReview.com [Editor's note: members of the Trilateral Commission and companies with Commission representation appear in bold type.] Since 1973, this writer has made inquiry as to the location and ownership of the vast stores of monetary gold (400 oz., .999 pure bars) in the world. There has not been a formal audit on Fort Knox, for instance, since the Eisenhower administration. Official statistics on gold holdings are often contradictory. Getting plain answers from any Central Bank in the world, including the Fed, is virtually impossible. This paper points out a pattern of manipulation that has been clearly observed by many...

CARACAS (AFP)--Leftist Latin American leaders agreed Wednesday to create a joint monetary zone to confront the international financial crisis and reduce dollar dependency, at a one-day meeting here. Venezuelan President Hugo Chavez and the leaders of Bolivia, Nicaragua, Honduras, Ecuador and Dominica met under the umbrella of the ALBA trade alliance, set up by Cuba and Venezuela in 2004 as an alternative to U.S.-backed free trade policies. "We're not going to wait for the International Monetary Fund (IMF) and the World Bank to solve our problems with our arms crossed," Chavez said. The anti-U.S. leader urged Latin American and Caribbean...

Another major international financial institution has had its computer system attacked by unknown cyber-hackers, FOX News has learned. The discovery of the assault last week threw into crisis the Washington, D.C. based International Monetary Fund (IMF), which offers emergency financial aid to countries faced with balance-of-payments problems, and provoked a shutdown of IMF computers that lasted for several days. In October, FOX News reported that the computer system at the World Bank had also been hacked over a period of months. FOX News has been unable to determine what, if any, information may have been obtained by the hackers. The...

Secretary-General Ban Ki-moon called for "drastic" measures to shore up banks and extend lines of credit to the world's poor Friday and pledged to support European and American efforts to rethink the global financial architecture. He also said the era of self-regulation among the biggest banks and other money-lending institutions had ended. Ban spoke at a closed meeting with top U.N. agency heads, economic advisers and the heads of the World Bank and International Monetary Fund focusing primarily on the global financial crisis which was to continue Saturday. His opening remarks were released by the United Nations. .... The global...

The World Bank agreed Sunday to help developing countries strengthen their economies, bolster their financial systems and protect the poor against the financial turmoil in international markets. Robert Zoellick, the bank's president, said the contagion affecting the global economy "has been a manmade catastrophe and responses to overcome it lie in all our hands." He spoke as the U.S. moved to shore up Wall Street and financial institutions and the 15 countries that use the euro agreed in Paris to temporarily guarantee bank refinancing to ease the credit squeeze. Speaking at a joint news conference with Zoellick, Dominique Strauss-Kahn, the...

Security Warning Issued by DHS for Possible Terrorist Cyber Attack on U.S. Financial Institutions Friday, December 01, 2006 WASHINGTON — The government warned on Thursday of a possible Internet attack on U.S. stock market and banking Web sites from a radical Muslim group, but officials said the threat was unconfirmed and seemed to pose no immediate danger. The notice was issued to the U.S. cybersecurity industry after officials saw a posting on a "Jihadist Web site" calling for an attack on U.S. Internet-based stock market and banking sites in December, said Homeland Security Department spokesman Russ Knocke. There is no...

World Bank President Robert Zoellick called Monday for the Group of Seven industrialized nations to be expanded to include major developing countries, saying the current world leadership structure is ill- equipped to deal with global crises. Laying out a broad vision for a "new multilateralism," Zoellick pushed for greater cooperation in everything from financial and economic issues to energy and trade. "Our New Multilateralism must build toward a sense of shared responsibility for the health of the global political economy," he said in prepared remarks for a speech to the Peterson Institute for International Economics. "This means - chiefly and...

The World Bank Group's computer network — one of the largest repositories of sensitive data about the economies of every nation — has been raided repeatedly by outsiders for more than a year, FOX News has learned. It is still not known how much information was stolen. But sources inside the bank confirm that servers in the institution's highly-restricted treasury unit were deeply penetrated with spy software last April. Invaders also had full access to the rest of the bank's network for nearly a month in June and July. In total, at least six major intrusions — two of them...

The World Bank Group's computer network — one of the largest repositories of sensitive data about the economies of every nation — has been raided repeatedly by outsiders for more than a year, FOX News has learned. It is still not known how much information was stolen. But sources inside the bank confirm that servers in the institution's highly-restricted treasury unit were deeply penetrated with spy software last April. Invaders also had full access to the rest of the bank's network for nearly a month in June and July. In total, at least six major intrusions — two of them...

On Now, said Paulson Plan is a joke. Says that World Banks should instead go for either Zero or near Zero Interest Rates. Time for World Banks to Operate togeather, no need for bailout. Consensus, Buying assets of banks that are worth 0-10% of their face value for 65% of the face value is a bad deal for American Tax Payers. There wasn't that much push-back to him, just that the rest of the team kept saying Paulson this, Paulson that. The Brit Responded, do you really trust this guy? He didn't see this coming, why should we believe what...

The $700bn (€475bn) rescue package for US banks proposed by Treasury Secretary Henry Paulson does nothing to address the root causes of the financial crisis, and could end up costing the global economy dearly in the long run, according to a former World Bank economist who has overseen similar rescues in emerging markets. Professor Sweder van Wijnbergen, who spent 12 years at the World Bank and was most recently chief economist for central and eastern Europe, said that in his experience the cost of such rescue packages was not necessarily related to the size of the initial problem - in...

AMSTERDAM: World Bank president Robert Zoellick said on Saturday that he expected food prices to remain above 2004 levels until at least 2012 and energy prices would also remain high and volatile. He repeated that with food and fuel prices in a "danger zone" there was a need for $10 billion to provide food and cash handouts for the world's poorest. Soaring oil and food prices have fuelled inflation across the globe at the same time as economies slow, posing a sharp dilemma for policymakers. Earlier this week, leaders of the Group of Eight rich nations in Japan agreed on...

LONDON, June 9 - The World Bank on Monday priced a $25 million bond linked to United Nations-approved carbon emission offset credits, the market's first such bond, lead manager Daiwa Securities SMBC Europe said. Payments on the bond are linked to Certified Emissions Reduction credits , which are issued under the Clean Development Mechanism, a trading scheme that allows rich nations to invest in clean energy projects in developing countries. Trade in CERs, which holders can either sell for profit or use to meet emissions targets under the Kyoto Protocol, more than doubled to $13 billion last year, according to...

SINGAPORE, May 20 (Reuters) - The World Bank is not in a position to provide any financial aid to cyclone-stricken Myanmar because the country has not been servicing its World Bank debt since 1998, a bank official said on Tuesday. "The World Bank is not in a position to assist Myanmar at this time," World Bank Managing Director Juan Jose Daboub told reporters, adding that it was the bank's policy not to provide funds to countries that have fallen behind on debt repayments.

World Bank president calls for action as food prices cause rioting Jenny Booth The president of the World Bank has called for immediate action to deal with rapidly rising food prices that have caused hunger and deadly violence and threatened the economic stability of the world's poorest countries. A doubling of food prices over the last two years was potentially pushing 100 million people deeper into long-term poverty, said Robert Zoellick. “We have to put our money where our mouth is now, so that we can put food into hungry mouths. It is as stark as that,” Mr Zoellick said...

BANGKOK (Reuters) - Developing countries and environmental groups accused the World Bank on Friday of trying to seize control of the billions of dollars of aid that will be used to tackle climate change in the next four decades. "The World Bank's foray into climate change has gone down like a lead balloon," Friends of the Earth campaigner Tom Picken said at the end of a major climate change conference in the Thai capital. "Many countries and civil society have expressed outrage at the World Bank's attempted hijacking of real efforts to fund climate change efforts," he said. Before they...