Current Events, Week of 11/12 - 11/16: Current Events, Week of 11/12 - 11/16 Domestic: ex-FBI and CIA agent Economic: Declining exchange rate of U.S. dollars World: Pakistan Elections/State of Emergency


Agent Nada Nadim Prouty: Agent Nada Nadim Prouty -Former FBI special agent and CIA analyst -Granted special FBI database access


Agent Nada Nadim Prouty: Agent Nada Nadim Prouty -Caught passing information on FBI investigations to relatives with false citizenships -Also suspected of relaying information to Hezbollah, a Shiite Muslim group in Lebanon


Slide4: Hezbollah (Party of God) -Several thousand members, 14 seats in Parliament -Opposes the West and Israel -Responsible for 200 terrorist attacks & 800 deaths


Declining Value of the U.S. Dollar: Declining Value of the U.S. Dollar -Dollar exchange rate to Euros has dropped 20% in the last two years


Declining Value of the U.S. Dollar: Declining Value of the U.S. Dollar


Declining Value of the U.S. Dollar: Declining Value of the U.S. Dollar -Potential for a decline/instability arose in 1971 when Nixon abolished the gold standard


Slide8: Recent Factors Leading to Decline -Rapidly increasing debt -Increasing trade deficit U.S. purchasing goods from China China converting dollars to Yuan


Pakistani Elections/State of Emergency: -Declared state of emergency November 3, stating the Judiciary was hindering fight against terrorism. -Fired panel of judges before they ruled on his re-election. Pakistani Elections/State of Emergency President Musharraf


Pakistani Elections/State of Emergency: -15,000 supporters of Musharraf’s political opponents detained Political rallies banned Opposition leaders (Benazir Bhutto, etc.) detained - many threatening to boycott election Pakistani Elections/State of Emergency


U.S. Support of Musharraf: -Musharraf considered a close ally to the U.S. -More thxan $10 billion in U.S. aid to the Pakistani military, fighting Al-Qaeda and Taliban U.S. Support of Musharraf


Bibliography: Bibliography Ahmed, Khaleeq, and Qayum, Khalid. "Musharraf Picks Soomro as Interim Premier Until Polls." Bloomberg.com 15 Nov 2007 16 Nov 2007 . CFR.org Staff, "Hezbollah (a.k.a. Hizbollah, Hizbu'llah)." CFR.org. 17 July 2006. Council on Foreign Relations. 18 Nov 2007 . Cook, Theresa, and Date, Jack and Ryan, Jason and Thomas, Pierre. "Ex- FBI, CIA Worker Admits Taking Classified Information." ABC News. 13 Nov 2007. abc NEWS. 18 Nov 2007 . http://a.abcnews.com/images/TheLaw/ht_prouty_071113_ms.jpg http://upload.wikimedia.org/wikipedia/commons/thumb/0/08/Flag_of_Hezbollah.svg/800px-Flag_of_Hezbollah.svg.png http://www.caglecartoons.com/images/preview/%7Bc2a3c152-e456-4485-b118-966a156d8016%7D.gif http://www.caglecartoons.com/images/preview/%7B5cc4f2a4-1e46-4b2c-905d-ca3a497b35e8%7D.gif http://www.cctv.com/english/20071112/images/1194830758266_1194830758266_r.jpg http://www.columbia.edu/cu/alumni/Magazine/Spring2005/IMAGES/dollar.jpg http://www.nydailynews.com/img/2007/11/14/amd_nadanadimprouty.jpg Kumar, Arun. "US wants end to Pakistan emergency, Musharraf says no." Hindustan Times. 15 Nov 2007. Hindustan Times. 17 Nov 2007 . "What has caused the U.S. Dollar to fall?." Merk. 14 Mar 2007. Merk Hard Currency Fund. 18 Nov 2007 .