NC Renegades

httpv://www.youtube.com/watch?v=kgxTpjMJSpk

President Obama on Wednesday pledged that the U.S. would “degrade and destroy” the Islamist terrorist group responsible for the beheading of two American journalists, saying the U.S. was “repulsed” by the slayings.

“We will not be intimidated,” Obama said during a joint press conference in Estonia. “Our reach is long and justice will be served.”

The president’s comments came the morning after the Islamic State of Iraq and Syria (ISIS) released a video depicting the beheading of American journalist Steven Sotloff, and two weeks after the terror group released a video similarly depicting the death of American journalist James Foley.

“Whatever these murderers think they’ll achieve by killing innocent Americans like Steven, they have already failed,” Obama said, pledging an international effort against the “the kind of barbaric and empty vision that [ISIS] represents.”

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by Bill Gertz

Islamist militias in Libya took control of nearly a dozen commercial jetliners last month, and western intelligence agencies recently issued a warning that the jets could be used in terrorist attacks across North Africa.

Intelligence reports of the stolen jetliners were distributed within the U.S. government over the past two weeks and included a warning that one or more of the aircraft could be used in an attack later this month on the date marking the anniversary of the Sept. 11, 2001, terrorist attacks against New York and Washington, said U.S. officials familiar with the reports.

“There are a number of commercial airliners in Libya that are missing,” said one official. “We found out on September 11 what can happen with hijacked planes.”

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The terrorist group Islamic State in Iraq and Syria (ISIS) on Tuesday released a video that appears to show the beheading of American journalist Steven Joel Sotloff.

The White House was not immediately able to confirm the authenticity of the video. ISIS had threatened to execute the 31-year-old freelance journalist if President Obama did not withdraw American forces from Iraq.

White House press secretary Josh Earnest said the administration had been watching the situation closely and has “dedicated significant time and resources to trying” to rescue the American journalist.

He also pledged the new video “will be analyzed very carefully by the U.S. government” and its intelligence services.

“Our thoughts and prayers first and foremost are with Mr. Sotloff and Mr. Sotloff’s family,” Earnest said.

Last week, Sotloff’s mother pleaded in a video for ISIS militants to release her son.

“I want what every mother wants: to live to see her children’s children. I plead with you to grant me this,” she said.

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With China’s property developers slashing prices, piling on incentives, and still seeing sales slump; it is no surprise that demand from the top to the bottom across Asia is falling. As Reuters reports, even Singapore’s Sentosa Cove (the man-made island resort billed as Asia’s Monte Carlo) is eerily silent as the billionaires seem to be staying away with prices down over 20-30% in the past year. New mortgage business is down over 40% as “the rential can’t even cover the mortgage anymore.” As one analyst notes, “the tables have turned,” adding rather ominously that, “The way prices have fallen, it’s as if there is a global financial crisis.”

China’s property plunge continues…

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The Ukrainian army has lost the battle for the airport of Luhansk. Ceasefire talks in Ukraine collapsed ending hours after Kiev was compelled to order its army to withdraw from a key eastern airport in Luhansk after coming under a serious assault from separatists fighters reportedly backed by a Russian Panzerbatallion that included an army tank column. Luhansk is the furthest province of Ukraine and it appears that the invasion has begun. It will be spearheaded by the separatists  maintain that it is not a direct Russian invasion. The fall of Ukraine is not out of the question. However, this will be the flash-point for all hostilities ahead.

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