Thursday, November 5, 2009
DO NOT SET BACK
This morning I heard a statement from Bang Adnan Buyung Nasution of the plan's resignation from the TEAM that has been fixed by the President of Indonesia, with one reason for Chief of Police did not hear the TIM. Bung Adnan this country not just belong to Chief of Police. A total of 240 million Indonesian people really helped is the owner of this country and your support is incorporated in the TIM Adnan Buyung CS, MK, KPK, Bambang Wijayanto CS. The hands of your big hope for Indonesia unmasked practices of corruption and conspiracy as well as down to earth from the body of Executive, Legislative and Judiciary. Can you imagine what happens if one of the affiliated TEAM resigned noted above? Mother Earth will cry seriously, as many as 240 million people of Indonesia will reflect and cry that this country was swallowed jorgong destruction. Instead a few people involved in the transcript voiced in the trial Court 03 November 2009 will be cheered that they won the game. You are a citizen of Indonesia PURE and genuine, do not back down, but go on to destroy the blockade, blockade, the Lord be with you, I am sure that noble purpose with the discovery of this scandal, the bigger scandal would be revealed also punished and FALSE TRUE STRIVE KEEP to the Nation.
Wednesday, November 4, 2009
WHO "ANGGODO" and WHAT with HIM
Two hours and after “Makamah Konsitusi” to expose Court transcript of Anggodo with communications between police officials and the Attorney General, one whose name was accompanied by his lawyer as ANGGODO Situmeang Bonaran on TV ONE is stunning. From the manner of speech and body language is Sakti (supernatural)(?) Anggodo has shown that he is powerful, she's really talking out loud there is absolutely no feeling at all discouraged (as if it was he who set this country). If Bang Buyung told the Police, that should be checked ANGGODO not be allowed to continue bragging was very appropriate. If the conversation (transcript) Anggodo is a central figure. Thus a conclusion can be drawn that indeed he has acted and served as the CCR (central control room) is a control center for the state officials whose name was mentioned in conversation (transcript) is. By seeing and witnessing all that, apparently ANGGODO who should be given a new title that is as CROCODILE SAKTI. This proved that last night around 21:00 ANGGODO been freed / released by the beloved INDONESIA POLICE REPULIK calling itself as CROCODILE but it is not magic. ANGGODO released last night because there was no legal reason for the police to make the suspect / hold (?) Hi my brothers and sisters of law enforcement, President, Constitutional Court, the Commission, Police, Attorney General, Adnan Byung Cs, Bambang Widjajanto Cs and all the PEOPLE of Indonesia, let beloved country Indonesia disconnect from controlling a ANGGODO. This country is your country and my country, too, what will you and I done to this country at will, and you liked me too. But your conscience and my conscience said, that this country should stand a fair country and according to the Constitution WEALTHY 45. From the deepest heart and honestly enforce LAW FOR JUSTICE - I am a youth of the nation feels very ashamed and struck with a ANGGODO with money only Rp 5.1 billion of justice and the law of this country have diobok-obok. Supernatural ANGGODO be broken today.
Friday, October 23, 2009
MYSTERY NATURE TANA TORAJA, Sulawesi Indonesia
Ancient tradition in Tana Toraja is still awake. Main attraction for tourists
Tana Toraja is full of mystery. Every beat of life in Toraja meaningful. No wonder, many people want to come to uncover the mysteries of nature and life there. The word "Toraja" meaningful generous person. This means that the Toraja people always mendahulukn sacrifice than luxury. The style of this togetherness, until now still embedded in them. From birth to death to pick up, Toraja people still glorify the sense of togetherness.
Although modernization ready grinding, Toraja people still maintain strong ancestral heritage. Color natural life is still visible when we come to Tana Toraja (Tator). Mengijau gorge lay primadani tub area with the background hills stand firm. This atmosphere makes life there seemed more beautiful. Tator trips to be made at any time, as in the year-end holidays. More and has a lot of time, we will be more familiar with the traditional life of the community Tator. Tator resort is located in Tanah Toraja a thousand cities in Makale. From Makassar is about 400 kilometers.
However, transportation is relatively easy to Tator. If the journey starts from Hasanuddin airport, Makassar. We can use a taxi or rental car. The rent ranges between Rp 900,000 to Rp 1.500.000 per day. If you want to reduce costs and have a long time, we can ride out of town transportation which stops every district. For to Tator, We also can use the ship. We can be anchored in Pare - Pare (about 175 miles from Tator) or Port Palopo (about 60 miles from Tator). In both places it is available on public transport. Or, we can rent a car with a tariff Rp 500,000 to Rp 850,000 per day. Although have to travel for hours - hours, we will be treated to beautiful scenery. Not feel the time will fly by.
When he returned to earth Tator, we can direct towards the City Rantepao. Jasmine hotel lodging and cost Rp 150,000 - Rp 350,000 per night is complete. While five-star hotels range from Rp 500,000 to 1,500,000 permalam. From Rantepao, visitors can plan his trip. Various tours can be enjoyed serving. Ranging from traditional villages Tator, ancient tombs, until serving beautiful natural attractions.
Many of the ancient settlement can stop off. Dudsun bleak Kete ', about 5 kilometers from Rantepao, can still be seen intact ancient village life. According Parabak, tour guide from Rantepao, age hamlet Kete 'estimated one thousand years. Some penghuninyamasih have blood relations. House - the house was customary diperkampungan (Tangkonan), until now still standing strong. Tator traditional house has a typical and appropriate their lives. Custom house respectable citizens standing buffalo head with horns in front dijajar. Engraving - engraving typical Toraja, the small print with the dominant warn of red, yellow, black and add authority itu.Didepan house is usually built barn house or small building to store rice.
Kete villages' is still original. Here are the most unique and interesting, which is hanging graves. The bodies are stored in boxes and digangtung didinding - walls of hills. But, now also built a permanent cemetery and oval-shaped concrete (Patane). This tomb, unlike the wooden crate, of course not easily affected by rain rotted.
At Tator we can find a lot of funerals. Like eating in the village of Londa old who is still in use, the corpse placed on the Mount - a steep hill. For those who bleed digolekan dilereng royalty on the hillside above the most difficult to reach. Burial on a hillside was intended to make the goods - items such as jewelry mewa not stolen. And, the threat of punishment for thieves dead property severe. The man was a slave forever, or were expelled from the village.
The scene in the ancient necropolis in Tator is amazing and makes horror for an unusual look at the human skeleton. Ritual life is still attached to the Tator. Ritual ceremony which is costly burial procession. Royal-blooded citizens must meet several persyratan and through a special procession. Funeral nets that is the attraction of tourists. In addition, indigenous peoples, especially Todolo Aluk faiths, believing that the spirits of the dead would be taking place called Puya. The resort was led by Ponglalondongna, which will ask how a funeral where the dead person who will go puya. Therefore, every burial is always through the full ceremony including cutting tens of buffalos.
One of the most interesting of the burial process is now carried out a buffalo fights. Direct lost buffalo in TEBAS. But, because of the magical, sometimes encountered buffalo remained alive even without a head. When this happens, the shaman will cast a spell to request that the ceremony was not to be disturbed, because there are few people bother because not involved.
Wednesday, October 21, 2009
ORIGIN OF STORY LAKE TOBA
Tuesday, October 20, 2009
BAKARA VALLEY FULL OF CHARM
Monday, October 19, 2009
Hanged Rock-Parapat, North Sumatra Folklore
On one day, Chrysanthemum go to the garden alone, because both parents there is a need in the neighboring village. She was only accompanied by her lovely dog named Toki. Arriving in the field, she did not work, but he just sat there looking at the natural beauty of Lake Toba. Looks like he was facing a difficult problem solved. While dog, Toki, come sit beside him, looking as though Seruni know what was in her mind. Occasional dog barking to distract the employer, but the employer still nagging with her thoughts. Indeed the last few days Seruni always seemed depressed. He was very sad, because it will be married by her parents with a young man who was his cousin. And he had had an affair with a young man his choice and had promised to build a happy home. He was very confused. On the one hand he did not want to disappoint her parents, and on the other hand, if he could not afford to part with her beloved boyfriend. Therefore could not bear the heavy burden, he began to despair. "Oh, God! Servant was not able to live with this burden, "complained Seruni. A few moments later, Chrysanthemum rose from his seat. With tears laughing, he walked slowly toward the Lake Toba. Apparently she wanted to end his life by jumping into the lake's steep bertebing. While Toki, followed his master from behind as he barked. With thoughts kept going, Chrysanthemum walked toward the cliffs of Lake Toba, without watching the road in its path. Unexpectedly, he suddenly terperosokke in a big hole up deep into the bottom hole. Black rock that makes the atmosphere inside the dark hole. Beautiful girl was very scared. In the dark hole, he felt the walls of rock on him to move closer. "Help ... ...! Tolooooggg ... ...! I Toloong, Toki! "Chrysanthemum voice asks for help to her. Toki understand if the employer needed a help, but he can not do anything, except just barking at the mouth of the hole. Several times Chrysanthemum calling for help, but Toki really can not menolongnnya. Finally she was getting desperate. "Ah, I'd rather die than suffer a long life," Chrysanthemum resignation. The walls of rock moving closer again. "Parapat! Parapat Parapat the rock ... "called Chrysanthemum told that the rock squeeze her .. While Toki who knows his master's in danger kept barking at the mouth of the hole. Feel unable to help his employer, he immediately ran back home to ask for help. Arriving at the house of her employer, Toki parents immediately went Chrysanthemum who had just come from a nearby village went to her house. "Auggg ...! auggg ...! auggg ...! "Toki barking while clawing the ground to inform the parents that the Chrysanthemum in danger. "Toki ..., where Chrysanthemum? What happened to him? "Asked the father to the dog. "Auggg ...! auggg ...! auggg ...! "Toki kept barking ran back and forth to take them to a place. "Sir, it seems Chrysanthemum in danger," said the mother Seruni. "Mom was right. Toki invites us to follow, "said the father. "But it was dark, sir. How do we get there? "Said the mother Seruni. "My mother prepared a torch! I will seek help from our neighbor, "cried the father. Soon, the whole neighborhood had gathered in the yard the father's house, carrying the torch. After that they followed the Toki to the scene. Once they were in the fields, Toki directly toward the mouth of the hole. Then he barked, holding out his mouth stretched into a hole, telling the residents that the Chrysanthemum at the bottom of the hole. Chrysanthemum parents immediately approached the mouth of the hole. What a surprise when they saw a hole big enough rock on the edge of their fields. In the hole came the faint voice of a woman: "Parapat ...! Parapat Parapat the rock ...! " "Sir, listen to that voice! Itukan voices of our children! cried the mother in panic. "Yes, mother! That sounds Chrysanthemum! "Replied the father. "But, why did he say Prapat, Prapat the rock repeatedly?" Asked the mother. "I do not know, bu! Seems there's something wrong in there, "said the worried father. Mr. Farmer was trying to illuminate the hole with a torch, but the hole was so deep that can not be penetrated by torchlight. "Seruniii ...! Seruniii ...! "Yelled the father. "Chrysanthemum ... my son! This mother and father came to rescue you! "The mother come yelling. Several times they cried, but did not get an answer from Chrysanthemum. Only sound Chrysanthemum drifted who asked the rock to squeeze her. "Parapat ...! Parapatlah rock ...! Parapatlah! " "Seruniiii ... my son!" Chrysanthemum mother again screaming and crying hysterically. People who were present at the place trying to help. One of them held out a piece of slap (string) to the bottom of the hole, but the slap was not touched at all. The father worried about her daughter. He then decided to follow her plunge into a deep hole. "Mom, hold this torch!" Added the father. "Where will you go?" Asked the mother. "I want to go down into the hole Chrysanthemum," she said firmly. "No, Daddy is very dangerous!" Says the mother. "Yes sir, the hole is very deep and dark," said one citizen. Finally, the father thought better of it. A moment later, suddenly heard the roar. The earth shook violently as if to end. Hole suddenly close itself. The cliffs at the edge of Lake Toba was falling. Chrysanthemum's father and mother and all the citizens ran to and fro to save themselves. They left the mouth hole, so that poor Chrysanthemum not be saved from the crush rock. Some time after the earthquake stopped, suddenly appeared a large rock that resembles the body of a girl and as if hanging on the cliff wall beside Lake Toba. Local communities believe that the stone was the reincarnation of Chrysanthemum are squeezed by the rock in the hole. By their stones and then given the name "Hanging Rock". A few days later, mightily news about the events that befall her. The citizens flocked to the scene to see the "Hanging Rock" was. Residents who witnessed the incident told other residents that before the hole was closed, a voice: "Parapat ... ... Parapatlah parapat rock!" Therefore, the word "Prapat" they say, and many are told, the week that was in the Lake Toba then given the name "Parapat". Parapat is now a small town a tourist destination is very interesting in the province of North Sumatra, Indonesia. Thus the story of the origins of city names Prapat. The story above examples include folk tales that contain moral messages that can be used as guidance in daily life. One of the moral message that can be learned from the story is the bad end of desperation or weak spirit. This character is reflected in the attitudes and behaviors Chrysanthemum who wanted to end his life by jumping into the lake bertebing steep, namunia precisely fall into the hole, and finally died Source: http://rapolo.wordpress.com Retrieved from "http://budaya-indonesia.org/iaci/Batu_Gantung-Parapat% 2C_Cerita_Rakyat_Sumut"
Sunday, October 18, 2009
HKBP CHURCH PARAPAT, WITH ARCHITECT Europe - BATAK
Saturday, October 17, 2009
THE WHITE HOUSE
For more than 200 years, the White House has been more than just the home of the Presidents and their families. Throughout the world, it is recognized as the symbol of the President, of the President's administration, and of the United States.
About the Building
For two hundred years, the White House has stood as a symbol of the Presidency, the United States government, and the American people. Its history, and the history of the nation's capital, began when President George Washington signed an Act of Congress in December of 1790 declaring that the federal government would reside in a district "not exceeding ten miles square…on the river Potomac." President Washington, together with city planner Pierre L’Enfant, chose the site for the new residence, which is now 1600 Pennsylvania Avenue. As preparations began for the new federal city, a competition was held to find a builder of the "President’s House." Nine proposals were submitted, and Irish-born architect James Hoban won a gold medal for his practical and handsome design.
Construction began when the first cornerstone was laid in October of 1792. Although President Washington oversaw the construction of the house, he never lived in it. It was not until 1800, when the White House was nearly completed, that its first residents, President John Adams and his wife, Abigail, moved in. Since that time, each President has made his own changes and additions. The White House is, after all, the President’s private home. It is also the only private residence of a head of state that is open to the public, free of charge.
The White House has a unique and fascinating history. It survived a fire at the hands of the British in 1814 (during the war of 1812) and another fire in the West Wing in 1929, while Herbert Hoover was President. Throughout much of Harry S. Truman’s presidency, the interior of the house, with the exception of the third floor, was completely gutted and renovated while the Trumans lived at Blair House, right across Pennsylvania Avenue. Nonetheless, the exterior stone walls are those first put in place when the White House was constructed two centuries ago.
Presidents can express their individual style in how they decorate some parts of the house and in how they receive the public during their stay. Thomas Jefferson held the first Inaugural open house in 1805. Many of those who attended the swearing-in ceremony at the U.S. Capitol simply followed him home, where he greeted them in the Blue Room. President Jefferson also opened the house for public tours, and it has remained open, except during wartime, ever since. In addition, he welcomed visitors to annual receptions on New Year’s Day and on the Fourth of July. In 1829, a horde of 20,000 Inaugural callers forced President Andrew Jackson to flee to the safety of a hotel while, on the lawn, aides filled washtubs with orange juice and whiskey to lure the mob out of the mud-tracked White House.
After Abraham Lincoln’s presidency, Inaugural crowds became far too large for the White House to accommodate them comfortably. However, not until Grover Cleveland’s first presidency did this unsafe practice change. He held a presidential review of the troops from a flag-draped grandstand built in front of the White House. This procession evolved into the official Inaugural parade we know today. Receptions on New Year’s Day and the Fourth of July continued to be held until the early 1930s.
· There are 132 rooms, 35 bathrooms, and 6 levels in the Residence. There are also 412 doors, 147 windows, 28 fireplaces, 8 staircases, and 3 elevators.
· At various times in history, the White House has been known as the "President's Palace," the "President's House," and the "Executive Mansion." President Theodore Roosevelt officially gave the White House its current name in 1901.
· Presidential Firsts while in office... President James Polk (1845-49) was the first President to have his photograph taken... President Theodore Roosevelt (1901-09) was not only the first President to ride in an automobile, but also the first President to travel outside the country when he visited Panama... President Franklin Roosevelt (1933-45) was the first President to ride in an airplane.
· With five full-time chefs, the White House kitchen is able to serve dinner to as many as 140 guests and hors d'oeuvres to more than 1,000.
· The White House requires 570 gallons of paint to cover its outside surface.
· For recreation, the White House has a variety of facilities available to its residents, including a tennis court, jogging track, swimming pool, movie theater, and bowling lane.
Friday, October 16, 2009
THE OVAL OFFICE
The Oval Office is the official office of the President of the United States.
The office was designed by the architect Nathan C. Wyeth at the order of President William Howard Taft in 1909. Named for its distinctive oval shape, the Oval Office is part of the complex of offices that make up the West Wing of the White House. Badly damaged by a fire in 1929, the office was rebuilt by President Herbert C. Hoover. In 1934, President Franklin D. Roosevelt enlarged the West Wing and added today’s Oval Office, designed by Eric Gugler.
The architectural features of the Oval Office, which draw from baroque, neoclassical, and Georgian traditions, have become symbolic of the power and prestige of the Presidency in the minds of Americans and people across the world. There are three large south-facing windows behind the President’s desk, as well as four doors into different parts of the West Wing. The ceiling is adorned with an elaborate molding around the edge, and features elements of the Seal of the President.
Presidents generally change the office to suit their personal taste, choosing new furniture, new drapery, and designing their own oval-shaped carpet to take up most of the floor. Paintings are selected from the White House’s own collection, or borrowed from other museums for the President’s term in office.
The President uses the Oval Office as his primary place of work. It is positioned to provide easy access to his staff in the West Wing and to allow him to retire easily to the White House residence at the end of the day. The President commonly chooses the Oval Office as the backdrop for televised addresses to the nation, and countless foreign leaders have traveled to the office to meet with the President.
Thursday, October 15, 2009
CAMP DAVID
Adapted from the federal employee retreat Hi-Catoctin, President Franklin Roosevelt established the residence as USS Shangri La, modeling the new main lodge after the Roosevelt winter vacation home in Warm Springs, Georgia. President Eisenhower subsequently renamed the institution in honor of his grandson David.
Camp David has been used extensively to host foreign dignitaries. Prime Minister Winston Churchill of Great Britain attended the first such meeting in May of 1943; the summit held at the residence in 1978 for Egyptian President Anwar al-Sadat and Israeli Prime Minister Menachem Begin resulted in what are now known as the Camp David Accords.
Wednesday, October 14, 2009
DR JILL BIDEN
Jill has a long history of activism in her community and she continues to work to raise awareness on education, military families, and women’s health issues. Given her professional experience and passion, President Obama has asked Dr. Biden to help highlight the importance of America’s community colleges, and Dr. Biden frequently visits community colleges and speaks with students, parents, and teachers around the country as part of this outreach.
As a Blue Star Mom, Jill has made military families one of her top priorities. She has traveled to many bases in both the United States and in Germany to speak with soldiers and their families and try to raise awareness and show appreciation for the special sacrifices that these Americans make. In Delaware, she was active with a nonprofit organization called Delaware Boots on the Ground, which is dedicated to helping families during times of military deployment by organizing community events to raise awareness and support. An advocate of literacy and reading programs, she also helped found Book Buddies in 2007, a program that encourages reading among children from low-income families. In 1993, after four of her friends were diagnosed with breast cancer, she started the Biden Breast Health Initiative, which in the past 16 years has educated more than 10,000 ninth-through-twelfth-grade girls in Delaware about the importance of early detection of breast cancer.
Prior to moving to Washington, Dr. Biden taught English for 15 years at Delaware Technical & Community College. Before that, she taught for 13 years in public schools as a reading specialist and English teacher, as well as working part-time with the Rockford Psychiatric Hospital Adolescent Program. In January 2007, Dr. Biden earned her Doctorate in Education from the University of Delaware. Her dissertation focused on maximizing student retention in community colleges. She also has a Master's Degree in English from Villanova University (1987) and a Master's Degree in reading from West Chester University (1981) — both of which she earned while working full-time and raising a family.
The oldest of five sisters, Jill Jacobs was raised in Willow Grove, Pennsylvania, by her mother, Bonny and Donald Jacobs, both of whom are now deceased. Jill was a student at the University of Delaware in 1975 when Joe Biden's brother arranged an introduction between her and then-Senator Biden. On June 17, 1977, they were married at the United Nations chapel in New York City. The Bidens have three children: Ashley, a social worker; Beau, Attorney General of the State of Delaware and a captain in the Delaware Army National Guard; and Hunter, a lawyer. She is the proud grandmother ("Nana") of Naomi, Finnegan, Roberta Mabel ("Maisy"), Natalie, and Robert Hunter.
Tuesday, October 13, 2009
FIRST LADY MICHELLE OBAMA
When people ask Michelle Obama to describe herself, she doesn't hesitate. First and foremost, she is Malia and Sasha's mom.
But before she was a mother — or a wife, lawyer, or public servant — she was Fraser and Marian Robinson's daughter.
The Robinsons lived in a brick bungalow on the South Side of Chicago. Fraser was a pump operator for the Chicago Water Department, and despite being diagnosed with multiple sclerosis at a young age, he hardly ever missed a day of work. Marian stayed home to raise Michelle and her brother, Craig, skillfully managing a busy household filled with love, laughter, and important life lessons.
A product of Chicago public schools, Michelle studied sociology and African-American studies at Princeton University. After graduating from Harvard Law School in 1988, she joined the Chicago law firm Sidley & Austin, where she later met the man who would become the love of her life.
After a few years, Michelle decided her true calling lay in encouraging people to serve their communities and their neighbors. She served as assistant commissioner of planning and development in Chicago's City Hall before becoming the founding executive director of the Chicago chapter of Public Allies, an AmeriCorps program that prepares youth for public service.
In 1996, Michelle joined the University of Chicago with a vision of bringing campus and community together. As associate dean of student services, she developed the university's first community service program, and under her leadership as vice president of community and external affairs for the University of Chicago Medical Center, volunteerism skyrocketed.
As First Lady, Michelle Obama looks forward to continuing her work on the issues close to her heart — supporting military families, helping working women balance career and family, and encouraging national service.
Michelle and Barack Obama have two daughters: Malia, 10, and Sasha, 7. Like their mother, the girls were born on the South Side of Chicago.
Monday, October 12, 2009
AIR FORCE ONE USA
No matter where in the world the President travels, if he flies in an Air Force jet, the plane is called Air Force One. Technically, Air Force One is the call sign of any Air Force aircraft carrying the President. In practice, however, Air Force One is used to refer to one of two highly customized Boeing 747-200B series aircraft, which carry the tail codes 28000 and 29000. The Air Force designation for the aircraft is VC-25A.
Air Force One is one of the most recognizable symbols of the presidency, spawning countless references not just in American culture but across the world. Emblazoned with the words “United States of America,” the American flag, and the Seal of the President of the United States, it is an undeniable presence wherever it flies or docks.
Capable of refueling midair, Air Force One has unlimited range and can carry the President wherever he needs to travel. The onboard electronics are hardened to protect against an electromagnetic pulse, and Air Force One is equipped with advanced secure communications equipment, allowing the aircraft to function as a mobile command center in the event of an attack on the United States.
Inside, the President and his travel companions enjoy 4,000 square feet of floor space on three levels, including an extensive suite for the President that features a large office, lavatory, and conference room. Air Force One includes a medical suite that can function as an operating room, and a doctor is permanently on board. The plane’s two food preparation galleys can feed 100 people at a time.
Air Force One also has quarters for those who accompany the President, including senior advisors, Secret Service officers, traveling press, and other guests. Several cargo planes typically fly ahead of Air Force One to provide the President with services needed in remote locations.
Air Force One is maintained and operated by the Presidential Airlift Group, part of the White House Military Office. The Airlift Group was founded in 1944 as the Presidential Pilot Office at the direction of President Franklin D. Roosevelt. For the next 20 years, various propeller driven aircraft served the President. In 1962, President John F. Kennedy became the first President to fly in his own jet aircraft, a modified Boeing 707. Over the years, several other jet aircraft have been used, with the first of the current aircraft being delivered in 1990 during the administration of President George H. W. Bush.
Sunday, October 11, 2009
Special Message for Newsmax Readers
More than $10 trillion in government spending is triggering a sudden and massive devaluation.
The TARP chief told Congress the federal bailout will now total over $23 trillion! That would be over $70,000 per person.
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Secret Government PlanTo Devalue the Dollar CouldWipe Out Your Life Savings!
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Dear Investor:
Unbeknown to most investors, the Obama administration is planning quietly to devalue the U.S. dollar even MORE. The decision has been made . . . and it’s working.
Obama adviser Warren Buffett accidentally revealed in a recent CNBC interview what the Administration REALLY has planned all along.
Buffett told the interviewer that the United States will do whatevery other country has done when faced with huge obligationsand decreasing revenues — inflate (devalue) the currency!
The reason is simple.
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The REAL reason why interest rates have been rising despite everything the government tries . . .
Why you have to become a global investor to survive the coming dollar devaluation . . .
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When the market crashed more than 18 months ago, the dollar strengthened significantly. Investors worldwide fled to the greenback. Hundreds of billions of poured into the United States.
But all that ended quickly when Barack Obama took office.
Once Obama and congressional Democrats began handing out trillions of dollars in bailouts and posting record deficits, the confidence of world investors was badly shaken. The value of the U.S. dollar began plunging.
Since taking office, the Obama administration has increased the monetary base by a staggering $10 trillion (see chart below). In less than a year, it managed to DOUBLE the expected annual budget deficit to almost $2 trillion.
Saturday, September 26, 2009
NO DIRECT DIALOG, IRAN - US
MISCELLANEOUS
ARD Germany Trend
SPD candidate for chancellor Stein Meier wins in the last ARD Germany trend back before the election sympathies, but is far behind Chancellor Merkel. According to the Sunday question, an alliance of black and yellow would come to 49 percent.
Small gifts will receive the voice
Final push in the federal election campaign: In the remaining days, the parties will give their all to convince potential voters. With arguments and small gifts. From candy and lipstick to flip-flops is all there.
Federal Council approves law school fruit A daily ration of fruit and vegetables - for school I want to provide free soon: The Federal Council today approved the law school fruit. Shred service instead of chocolate kisses - a Dortmunder primary makes it even before now. Scandal in Bonn's city council
Scandal in Bonn City Council: In connection with the fraud case at the Bonn Convention Center has asked the majority in the Council Mayor Dieckmann (SPD) on Thursday to resign. But the decision is not binding - Dieckmann remains.
DNA analysis can not rest for offenders
Nine years after the fact, that opens today in Dusseldorf, the trial of the suspected murderer of a millionaire's widow. Because DNA analysis may be getting better, could be reopened in the news recently seemingly unsolvable cases.
Harald Schmidt: The Sayings of 17.09.09
A boring election? Not with Harald Schmidt! None was spared in his new mission "Harald Schmidt" on 17.09.09. For Dieter Althaus Schmidt has a new interesting job, and for the scraps a new variant. Loriot Exhibition in Bonn
He loves pugs, teaches the correct pronunciations of yodeling, and brings the noodle in the face for generations to laugh at. An exhibition at the Haus der Geschichte in Bonn starting tomorrow, looks back on the life work of Loriot.
WDR 3 Hörertag
Everything You Ever Wanted to Know About WDR 3, you can now ask the editor: For a day editors are on the phone to answer questions. Inquisitive can also ask questions online. Effort and bloom: the Wochenquiz
Once again, we can bloom in Wochenquiz our imagination. However, you will be able to answer our ten questions about the events of the last seven days safely with ease. Get involved! As the price this time beckoning one WDR.de webcam.
Child and Youth Prize 2009 Exhibition
How to make family life easier, better and better? With blankets, stuffed animals and toys with learning. That means at least the industry. The exhibition "Children and Youth" shows new and unusual. Process beginning at scandal hospital
After a few minutes on Thursday at the District Court Mönchengladbach been postponed, the process for the scandal-Clinic Wegberg. The reason was a challenge for bias, must now decide on another chamber only.
High telephone charges in Bad Driburger health clinics Call! Me! An! - Anyone who enters into a dating hotline, knows that the phone calls are expensive. Who's calling the other hand, relatives or acquaintances in Bath Driburger health clinics, does not expect - and must choose to but a 0180-5-number. Green prohibition of alcohol consumption
A balmy summer evening, a cold beer and sit comfortably in the park - perfect for many of the closing time. But not for a woman and two men from winning. The public order imposed on them green ban - due to alcohol consumption.
Friday, September 25, 2009
POST IMPLEMENTATION AP HKBP 2002
Frankly as a member of my congregation HKBP really proud of these writings. Even today HKBP no longer exist only in Sumatra but have spread throughout the archipelago beloved land. In the nineties HKBP was 'go-international', so is not wrong if Indonesian President Abdurrahman Wahid to release in a speech at the National Conference HKBP I, 2000 in JCC Jakarta, he said in Indonesia only there are 3 (three) large Social Organization, the first is the Nahdlatul Ulama (NU), Muhammadiyah second and the third was HKBP. He also added as jokingly (though in reality this) he said do not see HKBP a small social organization they have great asset everywhere in Indonesia.
By the second statement I tried flashback about two very important events first is the day of born HKBP 148 years ago October 7, 1861, and the second is HKBP became an independent church from 10-11 July 1940. Conscious or not, these two events is a historical fact that God declared amid HKBP life and existence in this world, so it is not redundant if the two events would never lost from memory but will always color the life anytime and anywhere. The reason, HKBP presence has lifted the lives of all HKBP and including those who are in the environment of a broad expanse of mud above the solid rock, that's a fact that will never be forgotten from HKBP life and Batak people in general.
At the beginning of this XXI century, which we call proper post-modern and will have already addressed the various challenges that each Individual, Group, Organization Political, Religious Organizations, Churches, etc., and it felt very varied and of course that the character, classification and weight each of the challenges that will follow the rhythm of treatment sharp global competition through the development and implementation of science and technology at the time. Because of, as one entity, an independent social organization, what ourselves HKBP have to prepare for the facing challenges and also need to be remembered, that will be questioned by each of the HKBP is not the age or years of independence HKBP, or the number of member HKBP and greatness HKBP.
Greeting or a question to be ejected is the "extent" HKBP was prepared to develop the history of 145 years ago and the obligations and responsibilities that must be shouldered how HKBP as Independent Church 66 years ago, I saw that the content of questions and demands that must be answered without bargaining, of course, how will HKBP could exist and survive" in the era of this millennium-3.
Vision-Mission as a Church HKBP an inclusive, dialogical, open, high-quality (meaning a very deep) and realize the Vision-Mission HKBP we need to look back whether 'platform' which we already have now been located in the right position, if not HKBP be important to make "adjustment". Reading what has been running especially after the implementation AP-HKBP-2002, there are some things that need urgent attention to re-evaluate in order to take a more appropriate solution.
1. ORGANIZATIONAL STRUCTURE
Through Synod 2004, according to the AP-HKBP the new leader has been selected namely Ephorus, Secretary General, Head of the Department of Koinonia, Marturia Department Head, Head of the Department of Diakonia, including 26 Praeses and since then the leadership ranks HKBP already working in accordance ' job 'respectively. In line with the AP-HKBP, the new HKBP respective district, ressort, and Huria new board election was conducted well, but felt or not felt, I have seen there are 3 (three) important things to get attention:
(1) With the new organization according to AP-HKBP chapter 26-4.3, 173 pages bhs Indonesia, there clearly express and implied that control the current HKBP will only be fully determined by 5 (five) persons who called the Leadership HKBP, thus each policy or strategic decisions in HKBP fairly determined by 5 (five) persons only, or even by 3 (three) persons in case of 'voting' in LEADERS MEETING (notes Synod held only once every four years or at the end of the period of the Chairman HKBP ) means Synod serve only listen the Progress Report by the Honest Leadership and comment on it, then do HKBP leadership elections next period. When in the mechanism of strategic policy-making process will only be determined and decided by 5 (five) or even 3 (three) people who have HKBP congregation nearly 3.5 million people, it's such conditions would be placed HKBP later be in a position 'high -risk ', because in reality there is no more' check and balance 'as played by the Central Council before. As a general picture which we all know, in a company that only has the number of members / employees over 50 people only, there (in organization) no longer have the element but the Board of Directors will be equipped with the Board of Commissioners, the reason is that travel companies can be controlled and continuously controlled by the company's goals. Seeing this condition, the position of the Central Council of the Synod 2004 (AP-new HKBP) officially abolished, it is important to re-held in HKBP Organizational Structure. (2) With the new organization structure, I read that the central administrative and operational secretarial HKBP no longer exists at the Secretariat General, as before, but each Ministry (Koinonia, Marturia, Diakonia) will form his own Sekretariatan, this may complicate future HKBP particularly strategic documents HKBP (original documents) will be scattered and no one in charge. Because of this condition also requires HKBP back to the old organization and the Secretary General of Ephorus with the Central Council in a position 'central board' and the Ministry of Koinonia, Marturia, and Diakonia in the operational position. (3) The Organization Structure (new), the position or positions Huria Teachers no longer exist (the task is handled directly by Uluan Huria), this condition reminds me of a teacher before Huria functioning almost as a "general affairs manager 'but now This is all have to be paid solely by ULUAN Huria (whether it was a pastor or not), what it all means 'in the system HKBP services' has been a real shift was not needed, the task should be centralized Pastor of the ministry, has become focused on services and general administrative nature, it also provides an important indication that HKBP Huria Teacher position we have now returned to their duties and responsibilities as before. 2. TASK LEADER (JOBDES) Task Leader HKBP from Ephorus, Secretary General, Ministry of Koinonia, the Department and the Department Marturia Diakonia was clearly explained (AP-10 Bindu HKBP Article 11, Article 12, Article 13, Article 14 and Article 15), but at the Meeting HKBP (according to AP-HKBP chapter 26-4.3, 173 pages bhs Indonesia) stated there is a strategic task 14 according to my observation that barely have a relationship with the primary task of leadership HKBP (Ephorus, Secretary General, Head of the Department of Koinonia, Head of Department Marturia, Head of the Department Diakonia) below is a description HKBP Meeting with the task or LEADER MEETING AGENDA as follows: 1) To discuss and plan efforts to implement the tasks of management 2) Thinking and determine the formation of the bureaus, sections, and foundations in accordance with their needs. 3) To discuss and implement suggestions from the Great Synod, Synod Assembly Worker, HKBP Audit Agency, and Agency for Research Development HKBP 4) Discuss and determine the mutation maid service and full-time in HKBP 5) Talking about the preparations for the Great Synod, Synod Assembly Worker, Praeses Meetings, and Meeting Pastor. 6) Select and assign Organizer Board of Education administrators HKBP accordance with the Basic Education Policy HKBP. 7) Selecting members of the Audit Board HKBP, members HKBP Enterprises, and members of the commission. 8) Select the General Treasurer HKBP 9) Selects Head of Research and Development HKBP 10) Leading and Running a general attitude HKBP set by the Synod General Synod and Assembly Workers 11) To consider and give permission to the ministry full-time maid in HKBP to work outside HKBP, and sent his servants to serve HKBP in ecumenical agencies. 12) Watching the institutions of theological education in HKBP, and institutions of public education HKBP 13) To give consideration to improving education institutions HKBP 14) Establish a ministry of the Praeses. The question now is' sudahkah the MAIN AGENDA 14th Meeting of the Leaders HKBP have described the attachment as well as fore HKBP MAP SERVICE VISION-MISSION match it? "VISION" ... HKBP evolved into an inclusive church, dialogue, and OPEN, and able and vigorous development of quality of life in the love of the Lord Jesus Christ, along with everyone else in the global community, especially the Christian community, for the glory of God the almighty Father. "MISSION" ... HKBP trying to improve the quality of all citizens, especially citizens HKBP, through church services of quality to be able to carry out the mandate of the Lord Jesus in all his conduct personal life, family life, and life with all human societies at the local level and national, regional and in facing global challenges the 21st century. if I may speak honestly, that the main task in the 14th Meeting HKBP as stipulated in the AP-HKBP not yet touched to what is contained in VISION-MISSION HKBP as an inclusive church, dialogue, openness and quality services. Why do I say "yet"? Because based on job description can be seen more than 57% energy and thought leaders will be depleted HKBP only to take care personnel (mutation, placement servants, jodes, etc.). Why this condition occurs and can only be found today, AP-HKBP whether we use these "before" had not been discussed, debated and discussed first in each ressort, District, Praeses, and in the Assembly Center? The answer is 'obviously already discussed, debated and discussed', and even in the highest meeting of the Synod GODANG HKBP through HKBP day Friday, October 4, 2002, AP-HKBP formally defined and approved, then what should the future or HKBP we do? AP-HKBP that although the implementation of the new January 1, 2004 amendment was necessary in order to achieve an inclusive church, dialogue, open and quality. Because, if we survive without a 'amendment AP-HKBP' then HKBP be farther from VISION-MISSION his own. 3. ENHANCING QUALITY OF SERVICE Talking about improving the quality of service we will carry over into a question "what is wrong with the quality of service in HKBP" may be the answer to this question will not be the same because each individual has a perception of different, from nearly 3.5 million members of the Church HKBP be divided into 4 (four) categories: (1) Group 'A' answer, the service was far HKBP declined from previous years, especially when compared with age-Nommensen. (2) Golongan ’B’ menjawab, sebenarnya pelayanan di HKBP akan semakin baik jika HKBP tidak monotone (3) Group 'C' answer, service in HKBP (Koinonia, Marturia, Diakonia) has worked well only to increase with the new breakthroughs are still adjusting to the order HKBP own (4) Group 'D' said, the growth of services in HKBP since 1861 till now shows significant progress, only the current problem (especially) in the big cities have many members HKBP following other services in Church membership, although still in HKBP Whatever is illustrated by the above four classes of service condition in HKBP today, surely we need sikapi carefully and honestly, therefore all have the same goal of how to HKBP increasingly providing "quality services". If "we" all want a quality service, it must be a church HKBP Inclusive, dialogue, Open. as stated in the Vision-Mission HKBP. Rev. Willem TP Simarmata, MA, Secretary-General stated in his writings HKBP HKBP realizing the Open and the dialogue is not a 'post biblical development', but an essential thing. Openness is not a church that is added later, but something inherent in itself. Essentially very clear, namely: God is open to any and all people. Therefore the church must be open to life, open to science and technology and open in the future. If the disclosure is (open to life, open to science and technology and open in the future), is a must for the church (HKBP), is certainly his servants (Pastor, Teacher Huria, Bibelvrow, deaconesses, Sintua, Evangelicals) should also become an open and dialogical. With an open attitude (can be seen and can see, acknowledge weaknesses, focused on talent-potential-power) and dialogue (discussion open, accommodating, willing-to change), it will be in HKBP terlahirlah servants (HR) quality in the field 'leadership', preaching ministry, the PA ministry, pastoral ministry, ministry of social deacon. Now the question is what is expressed in addition to the above (in relation to improving the quality of service) is there any other factors that have not thought of HKBP? I look at the history HKBP (universal), that HKBP attention to "human needs" to his servants is felt less, HKBP always look and stare will 'duties and responsibilities' of a Pastor, Teacher Huria, Bibelvrow, deaconesses who always had to do their job as appropriate (meaning: although 'udan-haba-haba "/ rain accompanied by a tornado a servant of God despite the lack of umbrellas had to leave to do their job), what would happen if skope HKBP still thinking that way? Will the quality of service can be a servant of God as 'salary' can only be received after passing a month? Or could it be God's servant to work, serve the maximum while the child was seriously ill and did not have the cost to treat? Or can HKBP requires dedication and high loyalty from a servant of God on his retirement while he only received Rp 200,000 - Rp 500,000 per month? What will be done HKBP on such conditions? HKBP think it's time to focus again how to level the waiter HKBP kesejahtraan can be reasonable. The question is whether this increase in welfare HKBP servants has not been touched by HKBP? Indeed, HKBP Endowment Fund program was run in HKBP since March 1, 2000 with SK No.286/L08/III/2000 HKBP Ephorus who then approved / ratified at Synod 2000 GODANG HKBP is intended to improve the waiter kesejahtraan HKBP, only the fact there, although this program still continues today, but the attention HKBP to run almost getting to sleep. Therefore while HKBP Program Endowment Fund was able to walk in place is a good idea of 'we' move again enter the respective Huria. More detailed explanation of the Endowment Fund Program HKBP we can read in the Almanac HKBP 2007 page 400. CLOSING "Therefore I believe you: What do you pray and ask, believe that you have received, then it shall be given unto you" (Mark 11: 24) Believe, that the release of all things in the kingdom of God. That's how we open the lines of the power of God. Most of us know about it. Therefore, the need to "we" note with that, makes the task of Inclusive Church, dialogue, open with a quality service is not light, but no matter how hard and complex task, as the Church of God there is no other way that the task must be shouldered, implemented and accounted for , "we" Believe that everything will be fulfilled through the Holy Spirit and the inclusion of Faithful Love of our Lord Jesus Christ. Amen
Thursday, September 24, 2009
ULOS BATAK PEOPLE
Batak people are known as "Bangso" (nation), why ..? In the past already has his own kingdom, Mardebata Mulajadi Nabolon ( "mighty creator"), a Batak script letter, and have never had the money exchange rate ringgit Batak ( "Ringgit Sitio Voice"), uning-uningan namarragam ( "music"), have Indigenous Culture, and has a law.
But now has become the Unitary Republic of Indonesia, Toba Batak people and even many who do not already know the language of its own, see today's technological developments, tor-tor Batak are many who do not know, even today Ulos Batak unknown types and function.
Now we want to talk specially about ULOS (ulos is made by hand non machine), we wish to socialize Types and Functions Ulos Batak:
I. ULOS ANTAK ANTAK, wear scarves parents mourn the dead, and used as a cloth wrapped around / hohop hohop time manortor (dance) event.
II. ULOS BINTANG MARATUR, this ULOS is the most useful in the events: Awarded to a child who enters a new home by parents, if this Ulos Toba diadat given time 7 Months Pregnant safety by parents, but it is different if in this Ulos Tarutung given time the joy ( "happy"), this Ulos Pahompu also given to the newborn, although most love parompa especially mangiring the point that a newborn child accompanied by a subsequent child, then this ulos pahompu used for the baptized and also used for a scarf.
III. ULOS BOLEAN, Ulos was used as a scarf on grief events.
IV. ULOS MANGIRING, this Ulos used scarves, ropes, this Ulos also given to children and grandchildren, especially newborn first child is meant as a symbol accompanied by a desire to have children sianak so on, even Ulos can be used as Parompa.
V. ULOS PADANG URSA, used as ropes and scarves.
VI. ULOS PINAN LOBU LOBU, used as a scarf.
VII. ULOS PINUCAAN, Ulos is actually comprised of five parts which are woven separately and then combined neatly to the shape of the utility Ulos include: Ulos can be used various occasions purposes sorrow or joy, in a traditional ceremony this ulos used / carried by the Kings and the Indigenous Peoples Ordinary meet guidelines for example, at weddings or ceremonies suhut sihabolonon / Hasuhutonlah ( "master houses ") who use this ulos, then at a big party in the event marpaniaran, ulos is also used / ridden as a fabric / hohop by hohop-hasuhuton family, and this Ulos Ulos Marriage Passamot at the event.
VIII. ULOS RAGI HOTANG, Ulos usually given to the bride and groom called Ulos Hela (son in law).
IX. ULOS RAGI HUTING, this Ulos is now rarely used, said the parents era before independence, the girls wear this Huting Yeast Ulos as everyday clothes chest wound (Hoba-hoba), and then used as a scarf parents when travel.
X. Ulos Sibolang Rasta Pamontari, this Ulos if earlier times used for grief and joy, but in today's virtually sibolang mourning symbol, also used as Ulos Saput (who died adults who do not have a grandchild), and used as Ulos Tujung (Widow / widower who has not had a grandchild), and then on the event this Ulos sorrow most widely used by close family.
XI. Sibunga Umbasang and XI.Ulos Ulos Simpar, used as a scarf.
XII. Ulos Sitolu Tuho, Ulos was used as a headband or scarf women.
XIII. Ulos-suri Suri Ganjang, used as-Hande Hande margondang time, and used as by the Hula-hula to manggabe i borunya therefore also called Ulos gabe-gabe.
XIV. Ulos Yeast Harangan, use the same Pakko Yeast.
XV. Ulos Simarinjam side, used as a cloth, and is also equipped with Pinuncaan Ulos girded with traditional equipment Panjoloani the Batak as one person put it up front.
XVI. Yeast ulos Pakko, used as a blanket in the past and the introduction of women are from rich families take two yeast for the blankets that are used everyday, and if it was also the old died later after going awash Yeast wear plus other disebit Ulos Yeast because it colors Pakko black like Pakko.
XVII. Ulos Tumtuman, used as ropes that pattern and use the first child of hasuhutan.
XVIII. Ulos tutur-tutur, used as the ropes and as-Hande Hande often given by parents as Parompa to his grandson. Thus the type and function of this Ulos, called the introduction of identity according to the Batak culture and ancestral lands, and known from the Batak people who disandangnya Ulos, even from Tortornya sian na Tungkot. HORAS (Long Life)
Wednesday, September 23, 2009
CHINA : US TRADE WAR CAN BE AVOIDED
Both countries moved to allay concerns of a trade war. But the row over Washington's decision to impose added duties on Chinese-made tires showed no signs of abating, as Beijing said the U.S. move sent the wrong message to the rest of the world.
"This certainly won't benefit ordinary Americans, and the bigger damage is to economic and trade cooperation between our two countries," said vice foreign minister He Yafe. "That's something the U.S. needs to seriously consider," He said, adding that any friction should be handled "calmly."
The tire duty was the first time Washington has applied special "safeguard" provisions Beijing agreed to before joining the World Trade Organization in 2001.
Safeguards can be invoked if a surge in imports is found to have hurt U.S. manufacturers. Once invoked on a product, they can be applied by other countries.
"We mainly think that it's an abuse of safeguard measures," China's commerce ministry spokesman Yao Jian told reporters.
"It is sending a wrong message to the world under the current situation that the global financial crisis is still spreading."
China said it wanted consultations with the United States over the duties, a preliminary step toward seeking a WTO ruling.
Yao rejected U.S. claims that a surge in imports has hurt American industry and jobs, saying Chinese shipments had fallen off and globalization meant barriers to Chinese imports would not guarantee U.S. jobs.
Chinese statistics show tire exports to the United States rose by 2 percent in 2008, and fell by more than 15 percent in the first half of 2009, Yao said.
"Under these circumstances, the conclusion that China's exports are distorting the U.S. market does not stand," Yao said, noting that U.S. tire manufacturers had not joined the complaint, which was brought by the United Steelworkers union.
The United Steelworkers union said a tripling of Chinese tire imports from 2004 to 2008 had cost more than 5,000 U.S. jobs.
The U.S. trade deficit with China totaled $103 billion in the first half of 2009, down 13 percent from last year, but it has grown considerably over the last decade. The imbalance is a source of much ire in Washington.
TRADE WAR CAN BE AVOIDED
The two countries have vowed to cooperate in trying to revive global economic growth, but the new trade friction could spill into next week's G20 summit in Pittsburgh.
Zhang Hanlin, head of the China Institute for WTO Studies in Beijing, said U.S. tire makers were suffering from a drop in demand due to the economic crisis, not Chinese competition.
Chinese car makers and auto parts makers could become increasingly competitive in export markets, as their capacity exceeds domestic demand. That could threaten the traditional manufacturing base of European and American auto firms, many of whom initially invested in China to benefit from Chinese growth.
Of the tires exported from China, 68 percent were from foreign-invested plants, Yao said.
U.S. President Barack Obama said that if the United States didn't enforce the rules that were contained in its trade agreements, "then it's very hard to have credibility." But he added he was sure a trade war could be averted.
"I'm not surprised that China's upset about it," Obama told CNBC television. "But keep in mind we have a huge economic relationship with China. But I just want to make sure that if we actually have rules written down, they mean something."
China has so far shown no signs that the trade disagreements would spill into other issues of international cooperation, such as North Korean or Iranian nuclear negotiations.
China has launched its own investigation into chicken parts and automotive imports from the United States. It says the U.S. products targeted by Beijing's anti-dumping inquiries are roughly equal in value to China's tire exports to the United States -- about $2 billion a year.
"Outwardly, China's response will be restrained, but in its bones the anger will persist," said Guan Anping, a trade lawyer in Beijing who formerly worked as a trade official.
"China will use small acts to convey its anger, but the message will be clear."
Tuesday, September 22, 2009
OBAMA WIND-DOWN PLAN UNCLEAR
"Effective resolution reform should limit the discretionary use of public funds," Richmond Federal Reserve President Jeffrey Lacker told the Charlotte area chapter of the Risk Management Association in prepared remarks.
"The real lesson from Lehman, in my view, is that officials should make a clear commitment about what institutions they will not support," said Lacker, who is a voting member of the U.S. central bank's policy-setting committee this year.
President Barack Obama said earlier on Monday that the country could not go back to the reckless behavior and unchecked excess of the past in a speech on Wall Street to mark the one-year anniversary of the collapse of Lehman Brothers.
Slideshow: The World's Safest Banks
The Obama administration proposes major regulatory changes to give the Fed responsibility for overseeing the most systemically key financial firms, create a financial services consumer watchdog and make failing firms easier to wind down.
"Our plan would put the cost of a firm's failures on those who own its stock and loaned it money," Obama said.
The failure of investment bank Lehman sparked a global crisis and inflicted the worst U.S. recession since the Great Depression, forcing the Fed to cut interest rates to almost zero and flood financial markets with hundreds of billions of dollars to keep them open.
Lacker said that Obama's plans for resolution authority aimed at providing a less disruptive alternative to bankruptcy filing, with the hope that such an authority could credibly be expected to impose appropriate losses on the creditors of a big firm that got into trouble and had to be wound down.
"The description of this proposed resolution authority leaves it unclear how it would establish such a credible commitment," Lacker said.
"Uncertainty about whether such an authority will intervene to supersede the provisions of bankruptcy law and which creditors will benefit from public funds is likely to intensify financial market turmoil in the event stresses arise," he said.
One way to clarify the situation is to strictly limit the ability of the U.S. central bank to lend under special powers contained in article 13.3 of the Federal Reserve Act if it deems circumstances to be "unusual and exigent".
"I would favor revisions that specify more clearly the circumstances in which the Fed can extend such credit and forms that such credit can take," Lacker said, adding that he would also limit this assistance to just a few days.