Tuesday, July 31, 2012

Could the U.S. Dollar Fade as the World's Default Currency?

The Asian Development Bank (ADB) recently added the Yuan and the Rupee as official trade currencies in their trade finance program, which guarantees currency exchanges between Asian banks. The ADB?s decision was made after noting that:

  • The number of transactions that are settled in the Yuan and the Rupee have increased dramatically in the last year ? Yuan currency trades are up almost 50%
  • The number of banks engaged in bilateral currency trading with China and India continually increases
  • While nearly 90% of currency trades are settled in US dollars, the ADB projects that percentage will fall significantly in the next 10 years


The ADB?s decision to make the Yuan and the Rupee official trade currencies is a clear signal that many of Asia?s banks want to be prepared to adopt a new default currency. If the US dollar continues to lose favor with Asian currency traders, the ADP must be able to guarantee transactions in the Yuan or Rupee.

Why The US Dollar May Fade As The World?s Default Currency

For decades ? and indeed still today ? more than 90% of the globe?s financial transactions are settled in US dollars. This is because many investors feel that the US Dollar is the safest, most stable currency available, making it the best denomination to ?hold? between transactions.

While the recent decline of the Euro has served to bolster the Dollar in the short term, Europe?s challenges with their regional currency have cast doubts on the stability of the US Dollar in the long term. Many believe that the Euro?s decline has been caused poor financial management on behalf of European governments ? specifically, financially unsustainable government spending.

While the US government currently maintains a manageable debt and deficit, the concern for the future is that US government debts will grow to a point where they can no longer be serviced. If that were to happen, the US Dollar would likely suffer a sharp decline in value. Therefore, many banks and financial institutions around the world are investigating alternate currencies.

Singapore Exchange Endorses Yuan As Well

The likelihood that the Chinese Yuan (or renminbi) will one day become the world?s default currency took a small step forward earlier this month, when the Singapore Exchange announced that they would begin to quote, trade, and settle transactions in the Yuan. The Singapore Exchange hopes to become a hub of off-shore Yuan trading, a signal that many in Singapore?s financial industry see the Yuan growing in global importance.

All of these changes show that the Chinese Yuan and Indian Rupee are likely to continue to grow in importance in Asia. Considering that Asian economies could one day account for more than half of all the world?s economic activity, this is big news.

Author Rick Silver covers global currency news for Sunbird FX, a leading Forex trading provider with its Sunbird cfd broker and forex daily analysis.

Comments are closed.

Source: http://etiksite.org/finance/the-chinese-yuan-and-indian-rupee-continue-to-grow-in-regional-importance

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Monday, July 30, 2012

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Source: http://www.loseweightqna.com/17-day-diet/judtfq-a6trxt

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Dracut East travel team wins Chelmsford Baseball Tournament

The Dracut East 10-year-old travel team won the Chelmsford Baseball Tournament on July 14 beating West Boylston 2-0 in the Championship game. In the front row are Kyle Cox,Lucas Ibarguen, Jared Marchand, Bat Boy Timothy McGonigle, Sean McMeniman, Jack Leahy, Patrick Crowley and Aiden Maston.

In the second row are Jared Fahey, Devin Lambert, Eric Airosus, Chase McGonigle, Jack Beal, Timothy Picard. In the third row are Coach Ken McMeniman, Manager Jon Leahy, Coach Jim McGonigle and Coach Tim Crowley.

Source: http://www.thevalleydispatch.com/ci_21173108/dracut-east-travel-team-wins-chelmsford-baseball-tournament?source=rss_viewed

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Fuel price drives spending for energy

The United States is the second largest consumer of energy in the world, second only to China. But news is emerging that may signal a dampening of our nation?s energy appetite.

Last Monday, The Associated Press reported that the federal government expects U.S. energy consumption to grow less than 1 percent annually through 2035 as the nation simultaneously weans itself off foreign fuel and relies more on domestic oil and gas production.

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Source: http://www.kentuckynewera.com/opinion/article_d99627d8-c267-11e1-a696-0019bb2963f4.html

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Sunday, July 29, 2012

Author Offerings From Patricia Fry | Writing and Publishing News

Today, I?d like to remind you of what I do and what tangible items I offer authors.

I started out writing for publication in 1973 and discovered how to make a career of writing (I am so blessed). Over the years, because of pressure from other writers, I now focus on helping authors with their book projects.

I do this by offering editing services. I edit articles as well as book manuscripts. I also help with book proposals and query letters. Sometimes just a tweak in a query letter or book proposal or a deeper understanding of their purposes can make a difference between a rejection and an acceptance.

I write a lot of articles designed to inform and educate newbie and struggling authors. My articles appear regularly in Publishing Basics Newsletter, Book Promotion Newsletter, IBPA Independent, Freelance Writers? Report, Book Marketing Matters, SPAWNews and others. I write this daily blog and the SPAWN Market Update. You?ll find many articles and resources posted at my website: http://www.matilijapress.com

I post a free report for download at http://www.patriciafry.com

Currently it is ?50 Ways to Promote Your Ebook.?

I also write books for you. My latest two are:
?Publish Your Book, Proven Strategies and Resources for the Enterprising Author? and
?Promote Your Book, Over 250 Proven, Low-Cost Tips and Techniques for the Enterprising Author.? http://www.matilijapress.com

At this website, you?ll also find a collection of interesting and informative books such as, ?The Successful Author?s Handbook,? ?50 Reasons Why You Should Write That Book,? ?The Successful Writer?s Handbook,? ?The Author?s Toolkit,? ?A Writer?s Guide to Magazine Articles.? And be sure to watch for my upcoming book, ?Talk Up Your Book, How to Sell Your Book Through Public Speaking, Interviews, Signings, Festivals, Conferences and More.?

I visit writers? group meetings and speak on various topics related to publishing and book promotion. You?ll also find me on the schedule at writers? conferences around the country.

In my spare time (chuckle), I run SPAWN, a networking organization and resource center for authors at any stage of their project. http://www.spawn.org

If you have a book in the works, in your mind or actually completed, I have resources for you. Don?t try to go it on your own. While writing is a craft, publishing is a serious business that takes a heads-up, informed approach. And you should begin your education even before you start the writing?at least before you make any publishing decisions. I?ve known more than one author who had to go back to the drawing board and revise their manuscripts once they learned more about the world of publishing.

So, what can I do for you? I can take a look at your query letter or book proposal. Are you ready for an editorial evaluation and free sample edit? If you are new to publishing, the book I would definitely recommend?because I wrote it expressly for you?is ?Publish Your Book, Proven Strategies and Resources for the Enterprising Author.? This is your publishing education in book form.

Do you have a published book that is not doing well in the marketplace? Order my book, ?Promote Your Book, Over 250 Proven, Low-Cost Tips and Techniques for the Enterprising Author.? You?ll learn concepts and perspectives about book promotion that you?ve probably never considered while discovering numerous book promotion tactics that could work well for your particular book.

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Source: http://www.matilijapress.com/publishingblog/?p=2128

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EYES ON LONDON: Swimmers remember a champion

Natalie Cook from Australia dives for a ball during the Beach Volleyball match against USA at the 2012 Summer Olympics, Saturday, July 28, 2012, in London. (AP Photo/Petr David Josek)

Natalie Cook from Australia dives for a ball during the Beach Volleyball match against USA at the 2012 Summer Olympics, Saturday, July 28, 2012, in London. (AP Photo/Petr David Josek)

Kerri Walsh, left, of the United States reacts with teammate Misty May-Treanor react after beating Australia during a beach volleyball match at the 2012 Summer Olympics, Saturday, July 28, 2012, in London. (AP Photo/Dave Martin)

Queen Elizabeth II meets one of the taller members of the Great Britain team, as she tours the Athletes Village at the Olympic Park in London, Saturday July 28, 2012. (AP Photo/John Stillwell, Pool)

Queen Elizabeth II meets athlete Nick Willis and other members of the New Zealand Olympic team, as she tours the Athletes Village dining hall at the Olympic Park, in London, Saturday July 28, 2012. (AP Photo/John Stillwell, Pool)

Queen Elizabeth II is shown the Olympic Stadium by London Mayor Boris Johnson from the top of the Orbit, during a short tour of the Olympic site in Stratford east London, Saturday July 28, 2012. (AP Photo/John Stillwell, Pool)

(AP) ? Around the 2012 Olympics and its host city with journalists from The Associated Press bringing the flavor and details of the games to you:

___

REMEMBERING A CHAMPION

The memory of a late swimming champion looms large at the Olympic pool, especially as his best event ? the 100-meter breaststroke ? approaches Sunday.

Alexander Dale Oen of Norway died in April at age 26 from heart disease ? months before he was to be the leading hope for Norwegian swimming gold in London. He won the world championship in the 100-meter breaststroke last July.

Some swimmers said they were dedicating their swims to Dale Oen.

"We're carrying him with us all the time," countrywoman Sara Nordenstam said following her heat in the 400-meter individual medley. She said the swimmers will honor him by "swimming fast and remembering him and remember everything that he taught us and go for the goals that we set together."

? Janie McCauley ? Twitter http://twitter.com/JanieMcCAP

___

THE REVIEWS ARE IN

The opening ceremony, particularly the queen's debut as a Bond girl, earned several positive reviews.

"I was worried that there was too much self-parody, that the world might be laughing at us," wrote columnist Giles Coren in The Times of London. "But they were laughing with us. They were silently awed."

He wasn't wrong.

"Often seen as reserved and unapproachable, the Queen changed all that alongside James Bond," wrote German newspaper Die Welt.

The 86-year-old Elizabeth greeted Bond actor Daniel Craig at Buckingham Palace and then appeared to fly to the stadium before parachuting to the ground. Moments later, the real Elizabeth appeared with husband Prince Philip to be greeted by the crowd.

The sequence has already provided the defining images of the games, according to Sydney's Daily Telegraph in Australia, where the queen also reigns.

"A few hundred years ago director Danny Boyle could have been sent to the Tower for even suggesting such treason," the newspaper said. "But as if to show how far England and the monarchy have come in that time, Her Majesty not only let Boyle get away with it. She was actually in on the joke."

? Rob Harris ? Twitter http://twitter.com/RobHarris

___

BYE-BYE BIKINIS

It's a cover-up. The cool London evening forced beach volleyball stars to forgo the traditional bikini attire for warmer clothes.

Two-time defending gold medalists Kerri Walsh Jennings and Misty May-Treanor of the United States wore long-sleeved shirts on top of bikini bottoms for their 21-18, 21-19 victory over Natalie Cook and Tasmin Hinchley, a match that started at 11 p.m. Saturday when the temperature was 63 degrees. The Australians wore long pants, with T-shirts under their bikini tops.

"It's cold," Walsh Jennings said, with a "what do you expect" look on her face. "It's 11 p.m. in London."

? Jimmy Golen ? Twitter: http://twitter.com/jgolen

___

QUEEN'S ENCORE

Queen Elizabeth II returned to Olympic Park for an encore performance after her film debut as the latest Bond Girl, riding to the top of the 377-foot (115-meter) Orbit tower and visiting with fawning British Olympians in the athletes village.

Dressed in a royal blue silk dress, crepe coat and matching hat, the queen could be heard remarking at the views of the London skyline and countryside. She wore a brooch given to her in 1948 ? the last time London hosted the Olympics and four years before her accession to the throne.

"For her to come through and meet the athletes, and see where we're living, it was amazing," said Rose Anderson, 24, a member of the women's basketball team.

"She went inside one of the athletes' bedrooms and chatted to us. It was just awesome, especially after last night," she said.

? Shawn Pogatchnik ? Twitter http://twitter.com/ShawnPogatchnik

___

SOLO TWITTER SPAT

Outspoken U.S. goaltender Hope Solo isn't happy about former player Brandi Chastain's commentary on NBC, and she's tweeting about it.

At one point, Chastain pointed out that a defender's responsibilities are: "Defend. Win the ball. And then keep possession. And that's something that (U.S. defender) Rachel Buehler actually needs to, I think, improve on in this tournament."

After the game, Solo rattled off four tweets about Chastain. She told Chastain to "lay off commentating about defending" and goalkeeping "until you get more educated" and "the game has changed from a decade ago."

"I feel bad 4 our fans that have 2 push mute," tweeted Solo, adding that she likes NBC soccer announcer Arlo White.

Chastain is one of the top all-time defenders for the U.S. team. A spokesman for NBC said the network would have no comment and that Chastain was unavailable for comment.

? Joseph White ? Twitter http://twitter.com/JGWhiteAP

___

SPARKLING SMILE

Those aren't pearly whites sparkling when U.S. swimmer Ryan Lochte breaks out a smile. They're diamonds.

Lochte popped in his grillz ? diamond-studded mouth jewelry ? for the victory ceremony after winning a gold medal in the 400-meter individual medley.

And Lochte is hoping to win some more medals to go with his precious stones.

"This is my year," Lochte said. "I know it and I feel it, because I've put in hard work. I've trained my butt off for four years ... and there's no better way to start this Olympics off than getting gold."

? Paul Newberry ? Twitter www.twitter.com/pnewberry1963

___

EDITED FOR TELEVISION

A choreographer is unhappy that his somber opening-ceremony segment was bypassed by NBC, which instead showed American viewers an interview with swimmer Michael Phelps.

The segment was described as an "honest expression of the fear of approaching death." But some in the British press have interpreted it as being a tribute to victims of bomb attacks in July 2005 that killed 52 commuters and four suicide bombers on London's transit network. During the BBC live coverage of the ceremony, commentator Hazel Irvine made the connection while the dance was taking place: "The excitement of that moment in Singapore seven years ago when London won the games was tempered with great sorrow the very next day," when the terror attacks took place.

NBC said it had no indication that the segment was a reference to the terrorist attacks. Said choreographer Akram Khan, a Londoner: "I am really sad that I couldn't show the work in America, and that really upsets me, because I don't think it's any more or less than the other pieces. It brings to mind the question ... that maybe it's too truthful."

NBC aired the ceremony on a tape-delayed basis and made editing changes.

? David Bauder ? Twitter http://twitter.com/dbauder

___

WIN BY WALKOVER

Algerian boxer Mohamed Ouadahi won his opening Olympic bout without throwing a punch when his Georgian opponent, Merab Turkadze, couldn't make weight this morning.

The thing is, amateur boxers are still required to climb into the ring to get their hands raised even when they win by walkover. Ouadahi wore a grin when the ExCeL crowd ? not knowing this weird tradition ? booed the Georgian's unexplained absence and then sarcastically roared for Ouadahi's easiest victory.

Ouadahi laughed and flexed his right bicep in appreciation.

? Greg Beacham ? Twitter http://twitter.com/gregbeacham

___

AND FROM THE TV END ...

This from AP Television Writer David Bauder just now:

"An opening ceremony from the mother country with a Beatle, a queen and Mr. Bean proved irresistible for viewers in the United States, with a record-setting 40.7 million people watching NBC's first night of summer Olympics coverage. The Nielsen company said Saturday that London's opener was the most-watched opening ceremony of any summer or winter Olympics. It topped the previous mark of 39.8 million people who watched the 1996 Atlanta Olympics begin, and the 34.9 million who watched the colorful first night from Beijing four years ago."

? David Bauder ? Twitter http://twitter.com/dbauder

___

RING TONE

Everyone's warned to silence mobile phones at press conferences with medal winners. So where was that rap tune coming from at Ryan Lochte's news conference after he won gold in the men's 400 meter individual medley?

From Lochte's mobile.

The ringtone? "I have a lot of them," Lochte said. "Probably something from Lil Wayne."

Steve Futterman of CBS, whose question was interrupted, cracked, "If you win a gold, you get to leave your phone on."

? Warren Levinson ? Twitter http://twitter.com/warrenlevinson

___

PHELPS: MOVIN' ON

Perhaps the most stunning outcome of the day was Olympic golden boy Michael Phelps finishing fourth and out of the medal hunt in the 400 IM.

Phelps is trying to turn the page, and do it quickly because he has a busy slate at these London games.

He tweets: "Not pleased with my race tonight at all... But tom is a new day! And a new race!!"

? Jon Krawczynski ? Twitter http://www.twitter.com/APKrawczynski

___

EDITOR'S NOTE ? "Eyes on London" shows you the Olympics through the eyes of Associated Press journalists across the 2012 Olympic city and around the world. Follow them on Twitter where available with the handles listed after each item, and get even more AP updates from the Games here: http://twitter.com/AP_Sports

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-07-29-OLY-Eyes-on-London-Package/id-b8e4553866de41f9923626def3e728fd

Olympic Schedule Lupe Ontiveros Tim Berners-Lee Kenneth Branagh Ryan Lochte Misty May Treanor John Orozco

Radical Muslims plan opening ceremony protest outside park

LONDON (Reuters) - A group of British Islamists said they had received permission to stage a protest on Friday outside the London Olympic Park to denounce what they called the evil of the Games.

The group, led by some of Britain's most prominent Islamist figures, said they would gather outside the gates to the park in Stratford before the opening ceremony to condemn Britain and other countries they accuse of persecuting Muslims.

They aim to attract the attention of 60,000 spectators due to attend the ceremony in the main Olympic stadium that officially opens the Games at 9 p.m.

The group has set up a website, evilolympics.com, which has the tagline "While the world plays, Muslims are being killed around the globe".

"It will be one of the biggest demonstrations that the Muslim community has put on in the UK," said organizer Mizanur Rahman said, estimating that "easily hundreds" would attend.

Rahman served a four-year jail term for encouraging followers to kill British and American troops in Afghanistan and Iraq during a protest in 2006.

Another organizer is Anjem Choudary, who has led numerous similar protests and threatened to disrupt last year's royal wedding of Prince William to Kate Middleton until police banned the planned demonstration.

East London, where the Olympic Park is located, is home to a large Muslim community housed in some of the capital's poorest neighborhoods. It is also home to a number of British Muslims convicted of involvement in plots since the September 11, 2001, attacks on the United States.

Rahman said they had been given permission by police to stage Friday's protest and added it would not be their last during the Games.

"Appropriate policing plans are in place," a spokeswoman for the London force said.

Rahman said the decision of judo chiefs not to allow a Saudi athlete to compete wearing an Islamic headscarf showed why Muslims should boycott the Olympics, which this year coincides with the Islamic holy month of Ramadan.

"I would hope that this would be a sign they should not be in the Games," said Rahman.

(Editing by Sonya Hepinstall)

Source: http://news.yahoo.com/radical-muslims-plan-opening-ceremony-protest-outside-park-182517224--spt.html

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Toronto Team Building Activities to produce Your Business Team More

This article has been viewed 22 times.

It is very easy for a business office staff to become satisfied. They can fall into the routine where these people become very self-sufficient and rely on their particular fellow workers less and less. While this may seem like the best thing, many office responsibilities can be accomplished quicker and better when the team really does them as a whole instead of relying on the input of only one person. In case a business is in Toronto, team building events activities from a firm like XPEERience Group can help create that ?we? mindset again.

This company specializes in Keynote Speaker Canada activities in a number of settings. Choosing the proper team building events activities is important when setting up an event such as this as it is important to be sure all staff members are happy with the events. All things considered, it would not serve a reason to alienate staff during a team building pursuits as you want everyone to sign up in the events.

One of the most popular packages with regard to Toronto team building activities is the Ultimate Xpeerience. This bundle encompasses low bodily impact activities including dodgeball, water balloon chuck, and volleyball along with more demanding team development activities like the inflatable obstacle course and also the outdoor rockwall. Most employers will have a pretty good thought of what their employees are capable of and can choose the team building activities that may work best for their staff.

The beauty of an outing such as this is that the majority of employees forget exactly why they are actually there in the first place. They are getting so much fun, they naturally form a greater bond with their other workers and improve the teamwork frame of mind that has been missing from the office. So how really does all of this actually incorporate itself back into the business office?

Something that a lot of companies will do is have a personnel meeting to discuss the outing the next time the whole staff is together in the office. Keep it very informal and talk about the various events and how your winning teams were able to perform so well. Preserve stressing how they employed each person?s strengths to aid the team perform greater.

Once this topic gets rolling, begin to bring up examples of assignments around the office that have been delayed because the ?team? had not been working together. Keep in mind this is not a disciplinary meeting, just a reinforcement of how successful it is to work together. From that point, hand out exactly the same assignment to both of these people and teams. Allow them to have a limited time to develop them and then carry a meeting later within the day to monitor development.

While there may be many people capable of pulling off of the upset victory, most of the time, the teams will be able to present a better and more complete project. This is when management can bolster the idea of how important it is to work as a team whenever possible instead of operating alone all the time. It certainly won?t be long before the entire business office benefits from the Toronto team development activities they liked during the outing.

For more information about Team Building Toronto visit our website.

Source: http://www.article-i.com/computers/accessories/toronto-team-building-activities-to-produce-your-business-team-more-efficient/

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Personal Finance Tips That Will Truly Work | Kiwi Discount Club Ltd

Given the current economic situation, many are suffering. Although riches may be beyond reach, there are actions to use, to organize your resources so that you will live in comfort. You can get great information from the article below.

Watch the Forex forums to identify new trends. Stay informed so you are always ready to sell high after buying low. Don?t sell on a downswing or an upswing ever. Be clear in what you want when you are not going all the way through a trend.

Flexible Spending Accounts

Flexible spending accounts can be used for a variety of expenses. Flexible spending accounts can help reduce your medical or childcare expenses. These types of accounts are designed so that you may save a set amount of money before taxes to pay for future incurred costs. There are rules to set one up; a tax professional can help.

If your spouse has a great credit score, use this to your advantage. If you need to improve your credit score, get a credit card you can afford to pay off monthly. After your credit is improved, it will be possible to apply for joint credit.

TIP! Think carefully about your feelings toward money. You are not going to be able to improve your overall personal financial situation until you understand different choices you?ve made about money.

When planning a budget, consider opening multiple checking accounts. Manage your expenses by having an account designated for your regular monthly expenses, and a separate one for any additional expenses that might arise. You will be able to keep better track of where your money is going, and be sure that you have enough to cover the expenses.

Thrift Store

Thrift store shopping is no longer just for those with low incomes. save money while finding items you like, including furniture or books at a thrift store near you. There is a lot of interesting items for children too and it makes it fun for them to go shopping there. Shopping during the early part of the day will provide the most choices.

TIP! Never spend as much as you make. Consumers who spend all or more money than they make tend to borrow to get the money back.

A formal education can go a long way. It is no big surprise that those who have earned a Bachelor?s degree earn nearly twice as much money as those without a formal education. Throughout your entire adult life, your degree can more than double your total wealth and earn a significant return on your investment in tuition.

Try to choose a broker that you can fully trust. Check their references and get a feel if they are being honest with you. You will only be respected as much as you prove you should be.

If you are handy with a hammer and screw driver, it is not always necessary to hire a professional for some home improvement jobs. You can sit in on a class at a home improvement store or check out online tutorials that give you a step-by-step breakdown.

TIP! Try to arrange it so that your debit card automatically pays off your credit card at the end of the month. This will make sure the bill gets paid even if you forget.

Save on Christmas gifts by making presents instead of spending money. Expenses linked to holidays can quickly accumulate and are not necessary to you having a good time. Creativity can enable you to reduce your expenses and it can also increase your net worth.

Remember that every penny you earn or spend should be included in your monthly budget. Single dollars add up pretty fast and are hardly missed with this saving method.

Avoid fees by only using your own bank?s ATMs. While your cards may work just fine in ATMs that belong to other institutions, they will not hesitate to add finance charges to every transaction you make. These can add up to a significant amount of wasted money.

TIP! Always start saving your money quickly, so you can manage finances more effectively. Saving needs to be a priority, not something you keep delaying.

When budgeting, be sure to allot a bit of cash for pocket money. It?s important to have a little spending money for unexpected, spur of the moment purchases. This cash allowance is perfect for little unneeded purchases. This is a good way to avoid overspending on items you do not really need while staying happy.

You could still live quite comfortably without being considered as rich. Sometimes, all you need is the desire to live your life in a financially responsible way

The Kiwi Clubs mission is to save our members thousands of dollars per year by negotiating with the companies who supply most of our day to day goods and services.

Join Kiwi Discount Club and save on a range of products and services. Click here Kiwi Discount Club to become a member. Membership is free.

Technorati Tags: credit score, flexible spending accounts, formal education, spending money, thrift store

Source: http://www.kiwidiscountclub.co.nz/about-personal-finance/personal-finance-tips-that-will-truly-work

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Radical Muslims abandon protest outside Olympic Park

LONDON (Reuters) - A group of British Islamists called off a protest planned for outside the London Olympic Park on Friday and organisers said police had told them not to go ahead.

The group, led by some of Britain's most prominent Islamist figures, had intended to gather outside the gates to the park ahead of the opening ceremony to denounce what they called the evil of the Games.

Police said that as it was a standing protest, not a march, the group was not required to obtain permission, but organiser Mizanur Rahman said police had made it clear to him that the protest should not go ahead.

"We would have been immediately arrested otherwise," said Rahman, who served a four-year jail term for encouraging followers to kill British and American troops in Afghanistan and Iraq during a demonstration in London in 2006.

"There's no way for Muslims to voice any of their concerns," said Rahman, whose Website, evilolympics.com, has the tagline "While the world plays, Muslims are being killed around the globe".

He vowed there would be more efforts to protest during the course of the Games.

East London, where the Olympic Park is located, is home to a large Muslim community housed in some of the capital's poorest neighbourhoods. It is also home to a number of British Muslims convicted of involvement in plots since the September 11, 2001, attacks on the United States.

Rahman said the decision of judo chiefs not to allow a Saudi athlete to compete wearing an Islamic headscarf showed why Muslims should boycott the Olympics, which this year coincides with the Islamic holy month of Ramadan.

"I would hope that this would be a sign they should not be in the Games," said Rahman.

(Editing by Sonya Hepinstall)

Source: http://news.yahoo.com/radical-muslims-abandon-protest-outside-olympic-park-202902071--spt.html

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