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In line with our predictions and contrary to yesterday’s reports of a victory for Mousawi, Iranians expressed their overwhelming support for Ahmadinejad.

While election fraud certainly took place, it cannot explain the whopping 34 percent gap between Ahmadinejad and Mousawi.

The world listens to middle-class journalists and politicians embarrassed by Ahmadinejad’s politically incorrect behavior and dissatisfied with his inability to solve Iran’s economic troubles, but common Iranians love his honesty and belligerency.

The hardline Revolutionary Guards will take Ahmadinejad’s victory as a mandate for tightening their grip on the state, which is likely to become more fundamentalist, totalitarian, and aggressive.

Speaking in Beirut, Obama’s envoy Mitchell assured the Lebanese that the American rapprochement with Syria and the Palestinians won’t come at their expense. Obama’s unwavering commitment to Lebanese interests contrasts with his attitude toward Israel.

Mitchell announced that Obama will conduct an “aggressive policy” against Israel, relentlessly pushing it for capitulation to the Palestinians. Perhaps the President of the Occupied United States of America would return his country to the Native Indians first?

The only interest the Lebanese have in an Israeli-Palestinian agreement is getting rid of the hated residents of the Palestinian refugee camps in Lebanon. The Lebanese dread the prospect of the antisocial Palestinians staying in their country permanently.

The West Bank Palestinians don’t want their brethren to return, either.

Mitchell’s commitment can only mean he plans to push Israel to accept the thugs.

Near Bat Ayin, two dozen ultra-leftist Israelis and a number of Arabs engaged several settlers in a stone-throwing contest. Police detained three leftists, only to release them soon afterward.

Twenty to thirty thousand perverts of both genders expressed their pride in being animals by marching in Tel Aviv.

Which makes the Palestinians right: this cannot be a Jewish land.

The UNSC has adopted relatively tough sanctions against North Korea, banning all military exports from the communist state and instituting open-water inspections of North Korean ships. It remains unclear how the UNSC expects to forcibly inspect North Korean cargo on chartered ships registered in other countries.

The sanctions demonstrate the difference between oil-less Korea and oil-rich Iran. The UNSC does not mind slapping the economically irrelevant North Korea with sanctions.

The sanctions won’t change North Korea’s behavior, as it has many options for smuggling its military equipment. Moreover, North Korea’s largest cash cow is technological transfer rather than export of hard goods. A computer disk with manuals on rocket and nuclear technology is impossible to intercept.

In response, North Korea predictably vowed to reprocess its entire stock of uranium into plutonium to make bombs. By refusing to bomb the North Korean reactor and offering it the casus belli of sanctions, the UNSC pushed North Korea toward nuclear proliferation.

Very soon, the communists will sell their first nuclear bombs.

At a time when the entire world is wary of the American economy and countries spend their foreign currency reserves to boost domestic production, the Bank of Israel has beefed up its reserves to over $50 billion. This is the largest-ever amount in Israeli history, and places Israel in the top ten among nations with the highest per-capita dollar reserves.

The Bank of Israel’s attempts to pump liquidity into the markets did not prevent the credit crunch. Banks don’t lend because they are afraid of economic risks, rather than because they lack resources.

The reserves leave Israel vulnerable to staggering losses. A drop in the shekel-to-dollar rate to 3.23.4 would cost the treasury about 40 billion shekels as the dollar reserves become less valuable.

The Bank of Israel’s policy of buying up dollars is good for exporters, but they cannot export anyway because of the foreign-market situation. At the same time, it increases the cost of imports and suffocates the domestic market.

Responding to the High Court’s recommendations, the Israeli government ended a policy dating back to the British Mandate under which it paid no compensation for land partially expropriated for public needs. According to the British regulations, the government could take up to a quarter of a private land parcel without paying a penny.

For decades, that law served Israel well in taking the land of Arab villages. In recent years, the law has increasingly been applied against Jews whose land was expropriated for infrastructural projects. In response to the outcry, the government decided to compensate in full.