Friday, September 19, 2008

CHPP Daily Brief - September 19, 2008

In This Issue
The Daily Brief
The Middle East in Focus
The Economy in the News
Pray for the Persecuted Church

Capitol Hill Prayer Partners
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The Daily Brief Friday, September 19, 2008
"Be always on the watch, and pray that you may be able to escape all that is about to happen, and that you may be able to stand before the Son of Man." (Luke 21:36)

The Daily Brief

1. Financial Crisis Needs Bold Approach, Treasury Secretary Says - AP

Treasury Secretary Henry Paulson on Friday sketched out a multi-faceted effort to confront the worst U.S. financial crisis in decades, outlining a program that could cost taxpayers "hundreds of billions" of dollars to buy up bad mortgages and other toxic debt that has unhinged Wall Street. "This needs to be big enough to make a real difference and get to the heart of the problem," he told reporters as the administration asked Congress to give it sweeping powers. He gave few details but said he would work through the weekend with leaders of Congress from both parties to flesh out the program, the biggest proposed government intervention in financial markets since the Great Depression. The government steps were clearly welcomed by financial markets. As Paulson spoke, the Dow Jones industrials were up over 300 points and at one point had soared by 450 points.

∙ We pray for calm in the midst of increasingly sharp rhetoric and for stability at the base of the world's financial markets. Lord, You know if there has been impropriety and will reveal that. Help the people to be focused on the truth, not fear.

Still others were saying, "We have borrowed money to pay the king's tax on our fields and vineyards. We and our children are just like our countrymen and their children, yet we are subjecting our sons and daughters to slavery. Some of our daughters are already enslaved, but we are poweless because our fields and vineyards belong to others." (Nehemiah 5:4-5)

2. GOP Senators Vow to Fight House Democrats' New Ban on Offshore Drilling - CNS News

The battleground over allowing offshore drilling on the U.S. Outer Continental Shelf has now moved to the U.S. Senate.

∙ The resources of this earth were given to man and pray that we will be good stewards of what You have provided.

"The fear of the LORD is the beginning of wisdom; all who follow His instructions have good insight. His praise endures forever." (Psalm 111:10)

3. Some Ike Victims May Not be Allowed to Rebuild - Fox News

Hundreds of people whose beachfront homes were wrecked by Hurricane Ike may be barred from rebuilding under a little-noticed Texas law. And even those whose houses were spared could end up seeing them condemned by the state.

∙ Lord, our hearts break for the people who may no longer be able to go back to their homes after the already sharp blow from Hurricane Ike. Let there be agreement between the people whose property is affected and the government which wants to protect them.

"Therefore, everyone who hears these words of Mine and acts on them will be like a sensible man who buit his house on the rock. The rain fell, the rivers rose, and the winds blew and punded that house. Yet it didn't collapse, because its foundation was on the rock." (Matthew 7:24-25)

4. A. Ahmadinejad Hones Hate Message in General Assembly Lead-Up - NY Sun

As New York gears up for the U.N. General Assembly session next week, Iran's president is honing his anti- America and anti-Israel message in what may be a ploy for attention at the annual event.

B. Evangelicals to UN: Indict Ahmadinejad - Jerusalem Post

A prominent Jerusalem-based evangelical organization will deliver a petition to UN Secretary- General Ban Ki-moon this week signed by tens of thousands of Christians from around the world demanding that Iranian President Mahmoud Ahmadinejad be indicted for incitement to genocide against Israel.

C. Peres on Iran: War Must Not be An Option - Jerusalem Post

The world should hit Iran where it hurts - in its economy - much harder than it does now, and Israel will push the United Nations to that effect when the General Assembly convenes next week, President Shimon Peres told The Jerusalem Post on Thursday.

∙ Lord, we pray that this man will be taken from power and that the words he speaks on a global stage will be rendered without power. We pray for strength for those who are suffering in his country under him and protection for those in the countries around him who are in danger from his schemes.

"Do not let a slanderer stay in the land. Let evil relentlessly hunt down a violent man." (Psalm 140:11)

5. A. Russia Successfully Test-Fires New Bulava Missile - USA Today

The Russian Navy successfully test-fired a new intercontinental ballistic missile on Thursday, news reports said.

B. Russia Ratchets up US Tensions with Arms Sales to Iran and Venezuela - London Times

Russia defied the United States yesterday by announcing plans to sell military hardware to Iran and Venezuela.

C. Fears of US-Russia Breakdown on WMD Dismantlement - Fox News

The authors of a U.S. program designed to secure weapons of mass destruction in the former Soviet Union say they worry that deteriorating relations between the United States and Russia could undermine efforts to keep the weapons out of the hands of terrorists.

∙ As Russia continues to grab for power and ally with dangerous countries we pray that their plans will be confused and there will be no attacks against innocent countries. Let their schemes be exposed and be ended.

∙ "After some years they will form an alliance, and the daughter of the king of the South will go to the king of the North to seal the agreement. She will not retain power, and his strength will not endure. She will be given up, together with her entourage, her father, and the one who supported her during those times." (Daniel 11:6)

6. German Spies "Actively Supported" Invasion of Iraq - London Telegraph

"The records unfortunately contradict completely the government's position that it was not involved," Norman Paech from the Left party said outside a closed-door hearing where the two were questioned by a parliamentary investigative committee.

∙ Lord, You continue to show the cooperation that goes on between countries despite public debates that damage relations. We pray principled leaders will not be punished for good decisions they make, whether those decisions were made either in secret or in public.

"For nothing is concealed except to come to light." (Mark 4:22)

The Middle East in Focus

This week, for all the headlines cited below, please join us in proclaiming THIS DECREE:

"Ah, Lord GOD! Behold, You have made the heavens and the earth by Your great power and outstretched arm. There is nothing too hard for You." (Jeremiah 32:17)

1. Did 15,000 Arabs Just Determine Israel's New Leader? - WND

Did fewer than 15,000 Arabs just determine who will serve as Israel's next prime minister? That may be the case following Foreign Minister Tzipi Livni's slim win here by just 431 votes in yesterday's primary for the leadership of Prime Minister Ehud Olmert's Kadima party. The primary elections had a high Arab turnout.

2. Livni Stunned as Mofaz Decides to 'Take Break' from Politics - Jerusalem Post

On her first day as Kadima's new leader, Tzipi Livni received a startling blow: Shaul Mofaz, whom she ended up beating in Wednesday's party primary by only 431 votes, announced that he was "taking a break" from political life.

3. Netanyahu to Livni: Set Election Date - Ynet News

Opposition Chairman Benjamin Netanyahu called on Foreign Minister Tzipi Livni on Thursday to set a date for general elections as soon as possible.

4. Hamas Tells Abbas He's History After Jan. 9 - World Tribune

Hamas plans to take control of the Palestinian Authority and has sent a series of warnings to PA Chairman Mahmoud Abbas to step down in 2009.

5. Israeli General: War with Syria May Include Chemical, Guerilla Warfare - Ynet News

Any future military conflict with Syria may include chemical warfare and fighting against guerrilla and regular army forces, said Major-General Avi Mizrahi, head of the GOC Army Headquarters.

The Economy in the News

"Fear the LORD, you His saints, for those who fear Him lack nothing." (Psalm 34:9)
1. Worst Crisis Since '30s, With No End Yet in Sight - Wall Street Journal

The financial crisis that began 13 months ago has entered a new, far more serious phase.

2. New Financial Watchdog Considered - Washington Times

The federal agency that managed the bailout of the savings and loan industry in the 1980s and 1990s has emerged as the leading model to contain the fallout from Wall Street's current meltdown.
3. Top Central Banks Join to Calm Global Financial Crisis - Fox News

Europe's major central banks banded together with their counterparts in Japan, the U.S. and Canada on Thursday to inject more U.S. dollars into global money markets in a bid to stave off the growing global financial crisis.

4. Bank of Japan Injects 1.5 Trillion Yen - AFP

The Bank of Japan said Thursday it had injected 1.5 trillion yen (14.4 billion dollars) into money markets as financial markets saw more turbulence.

Prayers for the Persecuted Church

This week, for all the headlines cited below, please join us in proclaiming THIS DECREE:

"May the LORD answer you in the day of trouble; may the name of the God of Jacob defend you." (Psalm 20:1)

1. Vietnam Launching Massive Crackdown On Degar Montagnard Christians

There was concern Wednesday, September 17, about the whereabouts of possibly dozens of Degar Montagnard Christians who have been detained in Vietnam's Central Highlands as part of a major crackdown on unregistered worship, friends said.

2. Iran: Martyr's Son Detained in Wave of Arrests

Five arrests in three cities across Iran in August suggest a continued crackdown on Iranian Christians by authorities, sources told Compass.

3. Mexico Detains Suspects For "Massacre" Of Evangelicals

Mexican authorities have detained a group of men for their alleged involvement in killing three native Indian Christians and seriously injuring six children of the same evangelical family in the country's Chiapas state, BosNewsLife established Wednesday, September 10, 2008.