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Monday, May 2, 2011

U.S. dollar rise after Osama Death Announcement

The U.S. dollar immediately strengthened on confirmation of Osama bin Laden’s death in Asian trading Monday.

After news broke, the dollar surged to 73.27 on the U.S. Dollar Index after trading at nearly a three-year low of 73.02. The index measures the greenback’s strength against a basket of six other major world currencies.
As of 3:30 p.m Hong Kong time, the dollar was trading at 73.17.
Commodities prices also reacted swiftly to the death of the 9/11 mastermind. Both Nymex and Brent crude fell indicating, at least temporarily, an easing of investor anxiety. Spot gold also declined as investors moved away from the safe haven.
Most stock markets across the region rallied on the news as well. Japan’s Nikkei closed at a post-quake high just above the psychological 10,000 mark, up 1.6% to 10,004. Markets in China, Hong Kong, Singapore and Thailand were closed for the International Labor Day holiday. In U.S. pre-trading, the Dow, NASDAQ and S&P futures looked poised to add gains with all stock index futures up.


Obama Report on Osama Bin Laden Death

Tonight, I can report to the American people and to the world that the United States has conducted an operation that killed Osama bin Laden, the leader of al Qaeda, and a terrorist who’s responsible for the murder of thousands of innocent men, women and children.

It was nearly 10 years ago that a bright September day was darkened by the worst attack on the American people in our history. The images of 9/11 are seared into our national memory. Hijacked planes cutting through a cloudless September sky.
The Twin Towers collapsing to the ground. Black smoke billowing up from the Pentagon. The wreckage of Flight 93 in Shanksville, Pennsylvania where the actions of heroic citizens saved even more heartbreak and destruction.
And yet we know that the worst images are those that were unseen to the world. The empty seat at the dinner table.
Children who were forced to grow up without their mother or their father. Parents who would never know the feeling of their child’s embrace.
Nearly 3,000 citizens taken from us, leaving a gaping hole in our hearts.
On September 11th, 2001, in our time of grief, the American people came together. We offered our neighbors a hand, and we offered the wounded our blood. We reaffirmed our ties to each other and our love of community and country.
On that day, no matter where we came from, what god we prayed to or what race or ethnicity we were, we were united as one American family. We were also united in our resolve, to protect our nation and to — to bring those who committed this vicious attack to justice.
We quickly learned that the 9/11 attacks were carried out by al Qaeda, an organization headed by Osama bin Laden, which had openly declared war on the United States and was committed to killing innocents in our country and around the globe. And so we went to war against al Qaeda, to protect our citizens, our friends, and our allies.
Over the last 10 years, thanks to the tireless and heroic work of our military and our counterterrorism professionals, we’ve made great strides in that effort. We’ve disrupted terrorist attacks and strengthened our homeland defense.
In Afghanistan, we removed the Taliban government which had given bin Laden and al Qaeda safe haven and support. And around the globe, we worked with our friends and allies to capture or kill scores of al Qaeda terrorists including several who were a part of the 9/11 plot.
Yet, Osama bin Laden avoided capture and escaped across the Afghan border into Pakistan. Meanwhile, al Qaeda continued to operate from along that border and operate through its affiliates across the world.
And so shortly after taking office, I directed Leon Panetta, the director of the CIA, to make the killing or capture of bin Laden the top priority of our war against al Qaeda. Even as we continued our broader efforts to disrupt, dismantle and defeat his network.
Then last August, after years of painstaking work by our intelligence community, I was briefed on a possible lead to bin Laden. It was far from certain. And it took many months to run this thread to ground.
I met repeatedly with my national security team as we developed more information about the possibility that we had located bin Laden hiding within a compound deep inside Pakistan.
And finally, last week, I determined that we had enough intelligence to take action and authorized an operation to get Osama bin Laden and bring him to justice.
Today, at my direction, the United States launched a targeted operation against that compound in Abad Abad, Pakistan. A small team of Americans carried out the operation with extraordinary courage and capability. No Americans were harmed. They took care to avoid civilian casualties.
After a firefight, they killed Osama bin Laden and took custody of his body.
For over two decades, bin Laden has been al Qaeda’s leader and symbol and has continued to plot attacks against our country and our friends and allies.
The death of bin Laden marks the most significant achievement to date in our nation’s effort to defeat al Qaeda.
And his death does not mark the end of our effort. There’s no doubt that al Qaeda will continue to pursue attacks against us. We must and we will remain vigilant at home and abroad.
As we do, we must also reaffirm that the United States is not and never will be at war with Islam. I’ve made clear just as President Bush did shortly after 9/11 that our war is not against Islam. Bin laden was not a Muslim leader. He was a mass murderer of Muslims. Indeed, al Qaeda slaughtered scores of Muslims in many countries including our own.
So his demise should be welcomed by all who believe in peace and human dignity. Over the years, I’ve repeatedly made clear that we would take action within Pakistan if we knew where bin Laden was. That is what we’ve done.
But it’s important to note that our counterterrorism cooperation with Pakistan helped lead us to bin Laden and the compound where he was hiding. Indeed, bin Laden had declared war against Pakistan as well and ordered attacks against the Pakistani people.
Tonight I called President Zardari, and my team has also spoken with their Pakistani counterparts. They agree that this is a good and historic day for both of our nations. And going forward, it is essential that Pakistan continue to join us in the fight against al Qaeda and its affiliates.
The American people did not choose this fight. It came to our shores and started with the senseless slaughter of our citizens. After nearly 10 years of service, struggle and sacrifice, we know well the costs of war.
These efforts weigh on me every time I, as commander in chief, have to sign a letter to a family that has lost a loved one or look into the eyes of a service member who’s been gravely wounded.
So Americans understand the costs of war. Yet as a country, we will never tolerate our security being threatened, nor stand idly by when our people have been killed. We will be relentless in defense of our citizens and our friends and allies. We will be true to the values that make us who we are.
And on nights like this one, we can say to those families who have lost loved ones to al Qaeda’s terror, justice has been done.
Tonight we give thanks to the countless intelligence and counterterrorism professionals who’ve worked tirelessly to achieve this outcome. The American people do not see their work nor know their names, but tonight they feel the satisfaction of their work and the result of their pursuit of justice.
We give thanks for the men who carried out this operation, for they exemplify the professionalism, patriotism and unparalleled courage of those who serve our country. And they are part of a generation that has borne the heaviest share of the burden since that September day.
Finally, let me say to the families who lost loved ones on 9/11, that we have never forgotten your loss, nor wavered in our commitment to see that we do whatever it takes to prevent another attack on our shores.
And tonight, let us think back to the sense of unity that prevailed on 9/11. I know that it has, at times, frayed. Yet today’s achievement is a testament to the greatness of our country and the determination of the American people.
The cause of securing our country is not complete, but tonight we are once again reminded that America can do whatever we set our mind to. That is the story of our history. Whether it’s the pursuit of prosperity for our people or the struggle for equality for all our citizens, our commitment to stand up for our values abroad, and our sacrifices to make the world a safer place.
Let us remember that we can do these things not just because of wealth or power, but because of who we are, one nation under God, indivisible with liberty and justice for all.
Thank you. May God bless you. And may God bless the United States of America

Read   How Osama was killed by US Forces

Saudia Arabia Reject Osama Body....

Osama bin Laden, the long-time figurehead of the al Qaeda terrorist network, has been buried at sea after being killed in a U.S. raid in Pakistan.
According to U.S. officials  bin Laden’s body would be handled in accordance with Muslim traditions, which include strict rules on burial taking place within 24 hours after death.
Bin Laden was a Saudi national, but officials say that the Kingdom was unwilling to have his remains repatriated.
He was killed in a U.S. raid launched early Monday in the relatively-well-heeled town of Abbottabad, near the Pakistani capital of Islamabad.

CBS/AFP

Read   How Osama was killed by US Forces
            Americans celebrate Osama Death

Americans take to the streets amid news of bin Laden's death

Americans celebrated early Monday in a show of patriotism against the man who committed his life to attacking U.S. citizens, while those directly affected by Osama bin Laden's terrorist plots quietly reflected on the closure finally gained from his death.

In front of the White House, a chant of "U.S.A.! U.S.A.!" filled the night air, and the quickly growing group spontaneously broke into an off-key rendition of "The Star-Spangled Banner."
"I was in D.C. during 9/11," said Mason Wright, 33, who recalled his days as a student at American University, watching a second plane hit the World Trade Center in 2001. "It's hard to believe 10 years later, it's over."
"It's terrible to sit here and celebrate someone's death, but to the thousands of lives that were lost -- it's finally come to an end," he added.
Alan Comar, 29, worked as a contractor in Afghanistan. He clutched his girlfriend as he watched hundreds clad in red, white and blue gather in front of the White House.
"There's very few of those got-to-be-there moments," the Washington resident said. "This is one of them."
Dustin Swensson, who recently served in Iraq, echoed those comments, calling the news "historic."
"It's what the world needed," he said as he celebrated outside the White House gates. "(I'll) always remember where I was when the towers went down and I'm always going to remember where I am now."
The mood was much more somber at the Pentagon memorial a few miles away, where 184 people died when the hijacked American Airlines Flight 77 crashed there on September 11, 2001.


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How U.S. forces killed Osama bin Laden

In the dark of night, U.S. helicopters approached a high-walled compound in Pakistan on a mission to capture or kill one of the world's most notorious terrorist leaders.

Less than 40 minutes later, Osama bin Laden was dead along with four others inside the complex, and the U.S. forces departed with the slain al Qaeda leader's body to fulfill a vow that originated shortly after the September 11, 2001, terrorist attacks on the United States.
U.S. President Barack Obama announced the successful raid on Sunday night, and senior administration officials provided further details on the assault on the compound they believe was built five years ago about 100 kilometers, or 62 miles, north of the Pakistani capital of Islamabad for the specific purpose of hiding bin Laden.
The senior administration officials refused to provide information on the composition or numbers of the U.S. mission, but were able to describe to reporters the overall scenario of what happened.
After years of intelligence work and months of following a specific lead, they traced a courier linked to bin Laden to the compound in Abbottabad, described as an affluent residential area.
When first built, the compound was secluded and reachable by only a dirt road, the officials said. In recent years, more residences built up around it, but it remained by far the largest and most heavily secured property in the area, they said.
The mission ordered Friday by Obama encountered outer walls up to 18 feet tall topped with barbed wire, with two security gates and a series of internal walls that sectioned off different portions of the compound, the senior administration officials said. The main structure was a three-story building with few windows facing the outside of the compound, and a third-floor terrace had a seven-foot privacy wall, they said.
Months of intelligence work determined that the compound was custom-built to hide a high-value terrorism suspect, almost certainly bin Laden. The officials noted there was no telephone or Internet service at the dwelling, which was valued at more than $1 million, and its occupants burned their trash, rather than leave it out for collection like other area residents.
Calling the U.S. operation a surgical raid, officials said it was conducted by a small team and designed to minimize collateral damage. Upon landing, the team encountered resistance from bin Laden and three other men that resulted in a firefight.
In the end, all four of the combatants in the compound were dead, along with a woman whom one of the men used as a human shield, the officials said. Sources said bin Laden was shot in the head.
At some point, one of the assaulting helicopters crashed due to a mechanical failure, according to the officials. It was detonated as the U.S. team flew away to destroy it, they said.
Obama and the senior administration officials said no U.S. forces were harmed in the operation, which took place very early Monday morning, Pakistan time. They provided no other details of the raid itself, but a senior defense official said U.S. Navy SEALs were involved.
U.S. officials said they used facial imaging and other methods to identify the body as bin Laden.
One official said it was clear to the assault force that the body matched bin Laden's description, but they used "facial recognition work, amongst other things, to confirm the identity."
A senior national security official told CNN that they had multiple confirmations that the body was bin Laden, saying they had the "ability to run images of the body and the face."
Another U.S. official told CNN that bin Laden has already been buried at sea. The official said his body was handled in the Islamic tradition, but did not elaborate.
A senior administration official also said bin Laden's body would be "handled in accordance with Islamic practice and tradition. This is something that we take very seriously, and so therefore this is being handled in an appropriate manner."
According to the senior administration officials, intelligence work determined at the beginning of 2011 that bin Laden might be located at the compound in Pakistan. By mid-February, the intelligence was considered strong enough to begin considering action pledged by Obama when bin Laden's whereabouts had been determined.
Obama chaired five National Security Council meetings from mid-March until late April, with the last two on April 19 and April 28 -- last Thursday. The next day, on Friday, Obama gave the order for the mission, the officials said.
The key break involved one of the few couriers trusted by bin Laden, according to the officials. About two years ago, intelligence work identified where the courier and his brother lived and operated in Pakistan, and it took until August of last year to find the compound in Abbottabad raided Sunday, they said.
"When we saw the compound where the brothers lived, we were shocked by what we saw -- an extraordinarily unique compound," one senior administration official said. "The compound sits on a large plot of land in an area that was relatively secluded when it was built. It is roughly eight times larger than the other homes in the area."
Noting that the courier and his brother had no discernible source of wealth to live at such a property, intelligence analysts concluded the compound was "custom-built to hide someone of extraordinary significance," the official said, adding: "Everything was consistent with what experts thought Osama bin Laden's compound would look like."
Another senior administration official told reporters that Obama's administration did not share intelligence gathered beforehand with any other country -- including Pakistan -- for security reasons. The official said that only a small group of people inside the U.S government knew about this operation in advance.
However, a senior Pakistani intelligence official said members of Pakistan's intelligence service, the ISI, were on site in Abbottabad during the operation. There was no way to immediately resolve the apparent discrepancy.

Osama bin Ladin’s death won’t stop terror

The killing of the world’s best-known terrorist may be a positive step in the world’s war on terror, but it won’t eliminate terrorism completely, an analyst said .

Mark Danner, foreign affairs and terrorism writer and professor at UC Berkeley, said the news of Osama bin Laden’s death should be taken as a win for American policy, but that it will not change the world overnight.
“This is going to be an enormous encouragement,” he said. “It certainly won’t end terrorism.
But it will hopefully get us beyond the fear, beyond the era of reaction and will put terrorism in its place — a persistent problem, but one that will not dominate the foreign policy of the United States and the preoccupation of its citizens.”
Osama bin Laden, the glowering mastermind behind the Sept. 11, 2001, terror attacks that killed thousands of Americans, was slain in his luxury hideout in Pakistan Sunday in a firefight with U.S. forces, ending a manhunt that spanned a frustrating decade.
Bin Laden’s death, coupled with regime changes in multiple countries, will show the people of the Middle East that there is another way besides dictatorships.
“Ten years after the attacks of 9/11, things are changing in the Middle East,” he said. “The al-Qaida movement has been damaged by the broad opening in the Middle East.”
Danner said he does not think al-Qaida will retaliate immediately against the United States, but the Taliban might attack American targets in Afghanistan.
Discovery Bay resident Kevin Graves, whose only son, Joey, was killed in Iraq in 2006 while serving with the Army, said the death of bin Laden was a victory, but it does not ease his heart.
“What started with the towers falling on 9/11 is what inspired my son to enlist in the first place,” he said. “This is a resolution. I am extremely proud of my son and all the young men and women who went there to fight for us.”
Graves said military leaders need to learn from how bin Laden was killed and pursue the same strategy moving forward.
“This war needs to be fought with boots on the ground,” he said. “It needs to be fought in a covert way, if necessary. We have to let our military make military decisions.”
Graves said he still questions why his son had to die, and the death of bin Laden will not change that.
“Does bin Laden’s (death) serve any relief, any gratification? Not at all,” he said. “I live with a broken heart every day.”
Celebs react to Osama Bin Laden’s death
Even as the whole world is buzzing about the news that Osama Bin Laden has been killed in Pakistan, stars from across the world of show business have shown they are no different when it comes to voicing their shock and celebrate the death of America’s public enemy number one.
“I’m proud of our men and women in uniform. Wherever you are, take a minute to say thank you to one of the brave heroes who serve our country,” Contactmusic quoted Hollywood action man and former California Governor Arnold Schwarzenegger as writing on his blog on Twitter.
In a series of ”tweets”, CNN newsman Piers Morgan stated, “Bin Laden dead. Wow… What a moment for Obama. What a moment for America. Magnificent address by the President. And magnificent operation. This is his finest hour.”
Actress Christina Applegate wrote, “Let me try this one more time…my heart raced when I heard the news. the terror he caused us was epic.the lives lost, too many..”, while designer Nicky Hilton adds, “After 9 years, 8 months and 20 days justice is finally served. #binladenisdead.”
The news was made even more emotional for rocker Nikki Sixx, who heard the news while in the Big Apple: “Being in New York and hearing that Bin Ladin is dead is icing on the cake…”.
Meanwhile, a stunned LeAnn Rimes exclaims, “Omg (Oh my god), Bin Laden!!! Blessings to our troops and a bit of peace for our country and those who lost loved one”s (sic) in 9/11″, and Spice Girl Melanie Brown writes, “We need to take a moment to give thanks to the soldiers who risked there lives.”
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