Bible Out of ContextRandom Quotes from the Bible
Verily, verily, I say unto you, He that heareth my word, and believeth on him that sent me, hath everlasting life, and shall not come into condemnation; but is passed from death unto life. KJV: John 5:24
"Truly, truly, I say to you, he who hears My word, and believes Him who sent Me, has eternal life, and does not come into judgment, but has passed out of death into life. NASB: John 5:24
"I tell you the truth, whoever hears my word and believes him who sent me has eternal life and will not be condemned; he has crossed over from death to life. NIV: John 5:24
...Random blessings from the Word of God...
Put His Word in the context of your life!
www.Christ.com
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The Complete C.S. Lewis Signature Classics (Hardcover) by C. S. Lewis
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Listening for the Soul: Pastoral Care and Spiritual Direction (Integrating Spirituality Into Pastoral Counseling) (Paperback) by Jean Stairs
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Bible Out of ContextRandom Quotes from the Bible
30But their scribes and Pharisees murmured against his disciples, saying, Why do ye eat and drink with publicans and sinners? 31And Jesus answering said unto them, They that are whole need not a physician; but they that are sick. 32I came not to call the righteous, but sinners to repentance. KJV: Luke 5:30-32
30The Pharisees and their scribes began grumbling at His disciples, saying, "Why do you eat and drink with the tax collectors and sinners?" 31And Jesus answered and said to them, "It is not those who are well who need a physician, but those who are sick. 32"I have not come to call the righteous but sinners to repentance." NASB: Luke 5:30-32
30But the Pharisees and the teachers of the law who belonged to their sect complained to his disciples, "Why do you eat and drink with tax collectors and 'sinners'?" 31Jesus answered them, "It is not the healthy who need a doctor, but the sick. 32I have not come to call the righteous, but sinners to repentance." NIV: Luke 5:30-32
...Random blessings from the Word of God...
Put His Word in the context of your life!
www.Christ.com
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Gospel's Greatest (Fake Books) (Plastic Comb) by Hal Leonard Corp. (Creator)
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From Sabbath to Lord's Day: A Biblical, Historical and Theological Investigation (Paperback) by D. A. Carson
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Bible Out of ContextRandom Quotes from the Bible
But now ye also put off all these; anger, wrath, malice, blasphemy, filthy communication out of your mouth. KJV: Colossians 3:8
But now you also, put them all aside: anger, wrath, malice, slander, and abusive speech from your mouth. NASB: Colossians 3:8
But now you must rid yourselves of all such things as these: anger, rage, malice, slander, and filthy language from your lips. NIV: Colossians 3:8
...Random blessings from the Word of God...
Put His Word in the context of your life!
www.Christ.com
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Daniel: God's Control Over Rulers and Nations (MacArthur Bible Studies) (Paperback) by John MacArthur
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The Case for Faith: A Journalist Investigates the Toughest Objections to Christianity (Paperback) by Lee Strobel
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Bible Out of ContextRandom Quotes from the Bible
If ye abide in me, and my words abide in you, ye shall ask what ye will, and it shall be done unto you. KJV: John 15:7
"If you abide in Me, and My words abide in you, ask whatever you wish, and it will be done for you. NASB: John 15:7
If you remain in me and my words remain in you, ask whatever you wish, and it will be given you. NIV: John 15:7
...Random blessings from the Word of God...
Put His Word in the context of your life!
www.Christ.com
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My Utmost for His Highest: An Updated Edition in Today's Language (Hardcover) by Oswald Chambers, James Reimann (Editor)
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Calvin for Armchair Theologians (Armchair Theologians) (Paperback) by Christopher Elwood
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Washington Post:
Financial Industry News
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Woody Holton -- Financial Advice From Abigail Adams (Sun, 05 Jul 2009 00:00:00 EDT)
Thomas Jefferson died so deep in debt that his beloved estate, Monticello, had to be sold to satisfy his creditors. James Madison also left behind mounds of financial obligations. But John Adams, the man Jefferson turned out of the White House in 1801, died rich and debt-free -- despite sharing his predecessor's careless attitude toward money. What was his secret?
MovieMom's Double Life (Sun, 05 Jul 2009 00:00:00 EDT)
Nell Minow has settled into her seat in a Georgetown theater, her black loafers propped up on the railing in front of her, a notebook on her lap. She and about 15 other local movie reviewers are here to see "Knowing" -- a PG-13 action flick about a boozily depressed father and scientific genius, played by Nicolas Cage, who cracks a coded alien message about earth's imminent fiery destruction. At particularly cliched moments, Minow, the 57-year-old film reviewer known to hundreds of thousands of online followers and radio listeners as Movie Mom, giggles. She shakes her head and scrawls a few notes between the intermittent chuckles.
ALL BUSINESS: Cash is king for investors (Sat, 04 Jul 2009 00:00:23 EDT)
NEW YORK -- That old saying "cash is king" certainly rings true these days. Investors can't seem to get enough of it, which ultimately could be bad news for the stock market and the economy.
N.Y. Federal Reserve Chief Says Central Bank Should Target Bubbles (Sat, 04 Jul 2009 00:00:00 EDT)
The Federal Reserve should break with past policy and try to identify and deflate asset bubbles before they can damage the U.S. economy, New York Federal Reserve President William C. Dudley said.
Lowball Appraisals Spark Uproar (Sat, 04 Jul 2009 00:00:00 EDT)
It's by far the hottest controversy in real estate this summer, and it could directly affect the value of your house -- probably negatively -- by tens of thousands of dollars.
Shop Around for That Refinance, but Don't Delay (Sat, 04 Jul 2009 00:00:00 EDT)
Q: I am shopping to refinance my condominium mortgage of about $400,000. The outstanding loan balance is $160,000, and my credit is stellar. In order to refinance with my current lender, they want $2,200 in closing costs. I just financed with this lender three years ago, and there seems to be no special benefit for refinancing with them again. I don't understand why they wouldn't want to keep a good customer and not charge me anything. Any insight?
In a Time of Change, Keys to a Successful Purchase Remain the Same (Sat, 04 Jul 2009 00:00:00 EDT)
Much has changed in the world of real estate over the past 18 months.
The Mortgage Professor (Sat, 04 Jul 2009 00:00:00 EDT)
Some of the most difficult questions I receive from readers concern the relationship between making extra mortgage payments and refinancing.
Teck to sell 17 percent stake to China for C$1.74 billion (Fri, 03 Jul 2009 17:29:07 EDT)
TORONTO (Reuters) - Teck Resources <TCKb.TO> said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments.
Much-needed tax refunds delayed from Ga. to Calif. (Fri, 03 Jul 2009 15:40:27 EDT)
ATLANTA -- Colin Daymude was out of work last year after his business failed and eagerly filed his taxes in mid-January, figuring he'd get his refund sooner. He was wrong.
Medici lawyer says Kohn didn't get Madoff payments (Fri, 03 Jul 2009 13:17:20 EDT)
NEW YORK/VIENNA (Reuters) - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday.
The Inevitable Anti-U.S. Backlash Has Started On Kiva (Fri, 03 Jul 2009 11:31:32 EDT)
When we reported on Kiva.org's decision to open up its micro-lending platform to U.S. entrepreneurs, Kiva CEO Premal Shah told us he was concerned about backlash in the community. Shah acknowledged that the decision to open lending to U.S. recipients may draw criticism because it goes against the idea on which Kiva was founded?lending to help development in third world countries where credit options are limited.
Oil brokerage PVM names rogue trader behind oil spike (Fri, 03 Jul 2009 08:40:57 EDT)
LONDON (Reuters) - PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorized trades earlier this week which landed the firm with a loss of nearly $10 million.
Presidential election key to Indonesia's transformation (Fri, 03 Jul 2009 04:06:59 EDT)
JAKARTA (Reuters) - With Indonesia's President Susilo Bambang Yudhoyono tipped to be re-elected on July 8, Southeast Asia's biggest economy is likely to see a renewed push for reform to attract foreign investment, create jobs and spur growth.
Stocks Fall as Jobs Report Dampens Recovery Hopes (Fri, 03 Jul 2009 00:00:00 EDT)
Wall Street closed the week with a sharp decline yesterday after a weak labor report stoked investor concerns of a prolonged recession.
7 more banks fail as FDIC mulls rules for sales (Thu, 02 Jul 2009 20:01:23 EDT)
WASHINGTON -- Six Illinois banks and one bank in Texas were shuttered Thursday as government regulators proposed new rules for private equity firms seeking to take over failed banks.
ALL BUSINESS: Cash is king for investors (Thu, 02 Jul 2009 18:43:54 EDT)
NEW YORK -- That old saying "cash is king" certainly rings true these days. Investors can't seem to get enough of it, which ultimately could be bad news for the stock market and the economy.
Jobless data sends stocks reeling; Dow loses 223 (Thu, 02 Jul 2009 18:37:55 EDT)
NEW YORK -- The stock market found little to celebrate heading into the long holiday weekend.
Treasurys move higher on disappointing jobs report (Thu, 02 Jul 2009 18:17:26 EDT)
NEW YORK -- Treasury prices moved higher Wednesday as investors sought safety in the wake of a discouraging labor market report.
Bleak payrolls report mauls Wall St; volume thin (Thu, 02 Jul 2009 17:47:56 EDT)
NEW YORK (Reuters) - Stocks tumbled on Thursday, driving the S&P 500 down to its third-straight weekly loss, as a steeper-than-expected slide in June non-farm payrolls revived caution about economic recovery prospects.
Banks trim borrowing from Fed's emergency program (Thu, 02 Jul 2009 16:46:46 EDT)
WASHINGTON -- Banks borrowed less from the Federal Reserve's emergency lending facility over the past week and cut back on other programs designed to ease the financial crisis, encouraging signs that some credit stresses are easing.
Deal chatter heats up in Hollywood (Thu, 02 Jul 2009 16:04:13 EDT)
NEW YORK (Reuters) - Dealmaking in Hollywood could get hot and heavy in coming months as movie studios explore ways to fight tumbling DVD sales and distribute entertainment in new formats.
FDIC proposes tough private equity guidelines (Thu, 02 Jul 2009 15:16:26 EDT)
WASHINGTON/NEW YORK (Reuters) - Private equity groups seeking to buy failed U.S. banks would have to maintain very high capital levels and remain owners for three years under tough guidelines proposed on Thursday that some bank regulators fear could deter needed investment.
A look at economic developments around the globe (Thu, 02 Jul 2009 13:42:43 EDT)
-- A look at economic developments and stock market activity around the world Thursday:
ECB holds rates, to start buying bonds next week (Thu, 02 Jul 2009 13:05:37 EDT)
LUXEMBOURG (Reuters) - The European Central Bank kept euro zone interest rates at 1.0 percent on Thursday, bolstering expectations they will stay there well into next year, and said it would start buying bonds next week.
ECB keeps interest rate at 1 pct (Thu, 02 Jul 2009 12:47:48 EDT)
LUXEMBOURG -- The European Central Bank left its benchmark interest rate unchanged at 1 percent Thursday, preferring to wait and see if its "spectacular" infusion of credit into the banking system will loosen lending to consumers and businesses in the euro zone's struggling economy.
Color of Money Book Club (Thu, 02 Jul 2009 12:00:00 EDT)
Personal finance columnist Michelle Singletary hosted an online discussion with Edmond L. Andrews author of "Busted: Life Inside the Great Mortgage Meltdown" on Thursday, July 2 at Noon ET.
Strong demand for Rio rights (Thu, 02 Jul 2009 03:38:59 EDT)
SYDNEY (Reuters) - Rio Tinto Ltd sold virtually all of the UK part of its $15.2 billion rights offer, the world's fifth-biggest, easing its huge debt burden and putting the world's top iron ore miner back in growth mode.
SEC Investigator Raised Madoff Concerns Years Ago, Was Asked to Look Elsewhere (Thu, 02 Jul 2009 00:00:00 EDT)
An investigator at the Securities and Exchange Commission warned superiors as far back as 2004 about irregularities at Bernard L. Madoff's financial management firm, but she was told to focus on an unrelated matter, according to agency documents and sources familiar with the investigation.
White House to Expand Mortgage Refinancing Program (Thu, 02 Jul 2009 00:00:00 EDT)
The Obama administration announced yesterday that it would loosen the eligibility requirements for a program aimed at helping borrowers with no equity in their homes to refinance into cheaper mortgages.
Credit Card Issuers Raising Rates, Fees Ahead of New Law (Thu, 02 Jul 2009 00:00:00 EDT)
Credit card companies are raising interest rates and fees seven months before new rules go into effect that will limit their ability to do so, much to the irritation of Congress and consumer advocates.
SEC Moves to Make Companies More Accountable to Shareholders (Thu, 02 Jul 2009 00:00:00 EDT)
The Securities and Exchange Commission yesterday announced steps to give shareholders new powers to shape corporate boards as well as more information about how companies pick their directors and pay their management.
Federal Diary: A Boost for Those Burdened by Student Loan Debt (Thu, 02 Jul 2009 00:00:00 EDT)
BALTIMORE Americans invest heavily in the future of the nation by providing loans to help put students through college. Yet the burden of that debt for many former students is so great that it interferes with investments they would like to make in a home, a family or even a good time now and then.
Inouye's office inquired about bank's aid request (Wed, 01 Jul 2009 19:17:15 EDT)
WASHINGTON -- Hardly a bank bailout hearing goes by in Congress without a lawmaker raising a question on behalf of constituent banks that have applied for federal assistance from the government's financial bailout fund.
Caribbean states fight to ride out economic storm (Wed, 01 Jul 2009 19:07:26 EDT)
BASSETERRE, St. Kitts (Reuters) - The Caribbean's small island states ride out hurricanes year after year, but they are fighting to stay afloat in a global economic storm that is battering rich and poor nations alike.
Auto supplier Lear to file for bankruptcy, obtains financing (Wed, 01 Jul 2009 18:59:12 EDT)
DETROIT (Reuters) - Auto seating supplier Lear Corp <LEA.N> said on Wednesday it would file for Chapter 11 in a reorganization supported by key secured lenders and bondholders and had obtained $500 million in bankruptcy financing.
Charges filed against Beazer; Settlement reached (Wed, 01 Jul 2009 18:21:53 EDT)
ATLANTA -- Federal prosecutors in North Carolina filed criminal fraud conspiracy charges against Beazer Homes USA on Wednesday, but they agreed to dismiss the case if the company complies with an agreement accepting responsibility for certain wrongdoing and pays millions to victims.
Fannie, Freddie ease terms for mortgage refinance (Wed, 01 Jul 2009 17:57:34 EDT)
WASHINGTON (Reuters) - The Obama administration on Wednesday expanded its foreclosure prevention efforts to help a greater number of underwater homeowners refinance their mortgages.
Stocks advance after mixed data; Jobs report looms (Wed, 01 Jul 2009 17:41:56 EDT)
NEW YORK -- Investors kicked off the stock market's third quarter with a moderate gain after getting some reassuring data on manufacturing and housing.
Wall St gains on recovery hopes, but job data looms (Wed, 01 Jul 2009 17:33:17 EDT)
NEW YORK (Reuters) - Stocks rose on Wednesday, the start of the third quarter, as reassuring manufacturing data from China, Europe and the United States reinforced hopes that the world's economy is on the road to recovery.
Banks keep hiking rates as credit card law looms (Wed, 01 Jul 2009 17:08:29 EDT)
NEW YORK -- Credit card reform may be looming in the headlines, but for now the fine print is still hitting consumers hard.
Pension adviser settles NY kickback probe for $2M (Wed, 01 Jul 2009 17:08:04 EDT)
NEW YORK -- The Pacific Corporate Group, a company that helps big government pension funds decide how to invest their money, has agreed to pay $2 million to extract itself from a corruption investigation in New York.
Attorney says Stanford exec makes plea deal (Wed, 01 Jul 2009 17:03:00 EDT)
HOUSTON -- The former chief financial officer of indicted Texas financier R. Allen Stanford's business empire will plead guilty to charges alleging he helped swindle investors out of $7 billion, his attorney said Wednesday.
$231 million set aside for Madoff claims (Wed, 01 Jul 2009 15:57:07 EDT)
NEW YORK -- A court-appointed trustee unraveling Bernard Madoff's massive fraud so far has allotted $231 million from a securities industry fund that compensates victims - a record amount for the fund, but a mere fraction of what was lost.
GM seeks sale approval, official sees IPO in 2010 (Wed, 01 Jul 2009 14:43:10 EDT)
NEW YORK (Reuters) - If General Motors <GMGMQ.PK> wins court approval for its asset sale this week, a "New GM" could be ready to make an initial public offering in 2010, a U.S. Treasury official testified in U.S. bankruptcy court on Wednesday.
SEC approves rule on pay disclosure for TARP firms (Wed, 01 Jul 2009 11:48:57 EDT)
WASHINGTON -- The Securities and Exchange Commission on Wednesday unanimously approved rules requiring greater transparency for executive compensation at bailed-out firms and all public companies.
Freddie Mac gets another $6.1B from gov't (Wed, 01 Jul 2009 11:32:43 EDT)
NEW YORK -- Battered mortgage giant Freddie Mac received $6.1 billion in new funds from the Treasury Department to help offset its mounting liabilities, according to a regulatory filing submitted Wednesday.
U.S. mortgage applications fall to 7-month low (Wed, 01 Jul 2009 09:54:22 EDT)
NEW YORK (Reuters) - U.S. mortgage applications plunged to a seven-month low last week as demand for home refinancing loans tumbled 30 percent, data from an industry group showed on Wednesday.
Judge revokes bond for Texas financier Stanford (Wed, 01 Jul 2009 08:15:20 EDT)
HOUSTON -- Texas financier R. Allen Stanford could spend up to the next year in jail awaiting his trial on charges he allegedly swindled investors out of $7 billion.
Judge revokes bond for Texas financier Stanford (Wed, 01 Jul 2009 00:07:35 EDT)
HOUSTON -- Texas financier R. Allen Stanford could spend up to the next year in jail awaiting his trial on charges he allegedly swindled investors out of $7 billion.
After Call From Senator Inouye's Office, Small Hawaii Bank Got U.S. Aid (Wed, 01 Jul 2009 00:00:00 EDT)
Sen. Daniel K. Inouye's staff contacted federal regulators last fall to ask about the bailout application of an ailing Hawaii bank that he had helped to establish and where he has invested the bulk of his personal wealth.
Stocks Post Gains for Second Quarter (Wed, 01 Jul 2009 00:00:00 EDT)
Wall Street closed its first positive quarter in more than a year and a half yesterday, capping a massive rally built on hopes for an economic stabilization that has yet to materialize.
White House Issues Detailed Proposal for Consumer-Finance Watchdog (Wed, 01 Jul 2009 00:00:00 EDT)
The Obama administration sent a detailed proposal to Congress yesterday for creating an agency to oversee nearly all facets of consumer lending, but the breadth of its powers is setting the stage for a fierce clash on Capitol Hill.
SEC's Gaping Blind Spots Kept Madoff's Misdeeds Out of Sight (Wed, 01 Jul 2009 00:00:00 EDT)
It will be the end of the summer before we learn how the Securities and Exchange Commission could have conducted at least five inquiries into Bernie Madoff's activities over 16 years and never found a Ponzi scheme so huge that it robbed billionaires and bubbies of $13 billion and won Madoff a 150-year, all-expenses-paid trip to prison.
AIG Holds First Shareholder Meeting Since Its Collapse (Wed, 01 Jul 2009 00:00:00 EDT)
NEW YORK, June 30 -- Russell and Kathy Ryan left their Brooklyn home early Tuesday and boarded a rush-hour subway car bound for Wall Street, where the country's largest federal bailout recipient was holding its first shareholder meeting since its collapse last fall.
AIG gets new directors at subdued annual meeting (Tue, 30 Jun 2009 20:56:00 EDT)
NEW YORK (Reuters) - American International Group Inc <AIG.N> got a new slate of government-backed directors at a subdued annual meeting on Tuesday, effectively revamping its board after the insurer's $180 billion taxpayer bailout.
Madoff behind bars, but probe grinds forward (Tue, 30 Jun 2009 20:09:37 EDT)
NEW YORK -- Bernard Madoff, even as he faces the prospect of dying behind bars for his epic swindle, has never wavered on one point: He acted alone.
Chrysler Financial to cut 9 percent of work force (Tue, 30 Jun 2009 19:11:09 EDT)
DETROIT -- Chrysler's former financial arm said Tuesday that it will reduce its work force by about 9 percent, or more than 300 employees, as it restructures operations after losing its preferred lender status with the automaker.
Ten or more face possible Madoff charges: source (Tue, 30 Jun 2009 18:15:11 EDT)
NEW YORK (Reuters) - U.S. investigators say 10 or more people associated with imprisoned swindler Bernard Madoff could face criminal charges in the coming months, a law enforcement source said on Tuesday.
Strong quarter ends cautiously as earnings loom (Tue, 30 Jun 2009 18:10:50 EDT)
NEW YORK -- Investors carried Wall Street to a remarkable second-quarter performance even though stocks' big spring rally stalled weeks ago.
BofA denies that practices hurt consumers (Tue, 30 Jun 2009 18:07:05 EDT)
WASHINGTON -- Bank of America Corp. denied accusations that its retail practices pressure consumers into needlessly costly products that contributed to the credit crisis.
SEC may tighten executive pay rules: sources (Tue, 30 Jun 2009 17:54:45 EDT)
WASHINGTON/NEW YORK (Reuters) - U.S. securities regulators are considering changing how companies are required to disclose stock options awarded to executives, people familiar with the Securities and Exchange Commission's thinking told Reuters on Tuesday.
Wall St brakes on confidence data, but has upbeat Q2 (Tue, 30 Jun 2009 17:16:39 EDT)
NEW YORK (Reuters) - Stocks fell on Tuesday as an unexpected drop in consumer confidence cooled recent optimism about an economic recovery, but Wall Street still closed out its best quarter in a decade.
Treasury OKs 3 firms for mortgage relief program (Tue, 30 Jun 2009 17:11:41 EDT)
WASHINGTON -- The Treasury Department said Tuesday that it has approved three more firms for its mortgage relief program.
Meltdown 101: California's budgetary troubles (Tue, 30 Jun 2009 17:08:59 EDT)
SACRAMENTO, Calif. -- California's budget shortfall isn't just an abstract problem involving some out-of-whack numbers. It's a serious crisis that's threatening to hurt people in the wallet - in July alone, the state is talking about handing out $3 billion in IOUs to everyone from contractors to welfare recipients.
Obama admin. sets wide scope for consumer agency (Tue, 30 Jun 2009 15:55:44 EDT)
WASHINGTON (Reuters) - The Obama administration sent Congress a draft bill on Tuesday to create a new agency with sweeping powers to impose tough consumer protection rules for banks, mortgage lenders and other financial firms, setting up a summer-long political brawl over the plan.
Loan Modifications Up During First Quarter (Tue, 30 Jun 2009 14:09:59 EDT)
Lenders modified more troubled loans during the first quarter, according to a government report released today, but a growing number of borrowers are falling behind on their payments.
Administration sends Congress consumer legislation (Tue, 30 Jun 2009 13:57:36 EDT)
WASHINGTON -- The Obama administration sent Congress legislation Tuesday to create a new Consumer Financial Protection Agency designed to protect Americans from unscrupulous practices and make financial products easier to understand.
AIG annual meeting a short, relatively calm affair (Tue, 30 Jun 2009 13:45:25 EDT)
NEW YORK -- American International Group Inc.'s annual shareholder meeting ended without drama Tuesday after a handful of shareholders voiced disappointment over the embattled insurer's near-collapse last fall.
Bank of America accused of anti-consumer practices (Tue, 30 Jun 2009 13:02:00 EDT)
NEW YORK (Reuters) - Consumer and labor groups demanded Bank of America Corp and other lenders reform their sales practices so that workers under pressure to meet sales quotas do not saddle customers with costly and unnecessary products.
Financial crisis coverage dominates Loeb Awards (Tue, 30 Jun 2009 07:24:21 EDT)
LOS ANGELES -- McClatchy & Co., one of the companies hardest hit by the crisis in the newspaper industry, was honored for its coverage of the economic meltdown.
Japan's Elpida secures lifeline with $1.7 billion aid (Tue, 30 Jun 2009 06:47:58 EDT)
TOKYO (Reuters) - Japan pledged to shore up Elpida Memory Inc <6665.T> with public money, bringing the total aid expected to come to the loss-making chip maker to $1.7 billion as it struggles to compete with its larger South Korean rivals.
Japan's Elpida secures lifeline with $1.7 billion aid (Tue, 30 Jun 2009 06:47:58 EDT)
TOKYO (Reuters) - Japan pledged to shore up Elpida Memory Inc <6665.T> with public money, bringing the total aid expected to come to the loss-making chip maker to $1.7 billion as it struggles to compete with its larger South Korean rivals.
Malaysia PM sets big reforms to boost investment (Tue, 30 Jun 2009 01:13:52 EDT)
KUALA LUMPUR (Reuters) - Malaysia's prime minister unveiled a raft of measures on Tuesday to boost investment in the slumping economy, coming close to ending an affirmative action program for ethnic Malays that critics say has stymied growth.
Bernard Madoff gets maximum 150 years in prison (Tue, 30 Jun 2009 00:11:01 EDT)
NEW YORK -- A federal judge rejected Bernard Madoff's plea for leniency Monday, sentencing the 71-year-old swindler to spend the rest of his life in prison for an "extraordinarily evil" fraud that took a staggering toll on thousands of victims.
Attorneys await decision on Stanford's bond (Tue, 30 Jun 2009 00:09:36 EDT)
HOUSTON -- Attorneys for Texas financier R. Allen Stanford are hoping a federal judge will side with them and allow their client to be free on bond while he awaits trial on charges he swindled investors out of $7 billion.
Financial crisis coverage dominates Loeb Awards (Tue, 30 Jun 2009 00:01:59 EDT)
LOS ANGELES -- McClatchy & Co., one of the companies hardest hit by the crisis in the newspaper industry, was honored Monday for its coverage of the economic meltdown.
Supreme Court Ruling Lets States Take National Banks to Court Over Lending (Tue, 30 Jun 2009 00:00:00 EDT)
For years, state governments have had little power to enforce consumer-protection and lending rules at the country's biggest banks. No more.
Uncertainty Clouds Recovery of Government's Investment in GM (Tue, 30 Jun 2009 00:00:00 EDT)
If a new General Motors emerges from bankruptcy as planned, U.S. financial aid for the company will expand to nearly $50 billion, but neither the government nor the company is forecasting how much of the public money will be repaid.
Reverse Mortgage Programs Lack Safeguards, GAO Says (Tue, 30 Jun 2009 00:00:00 EDT)
The Department of Housing and Urban Development has left elderly borrowers vulnerable to abusive lending practices because of shortcomings in programs that offer reverse mortgages, according to a report released yesterday by the Government Accountability Office.
Bank employees protest 'anti-consumer' practices (Mon, 29 Jun 2009 19:05:36 EDT)
WASHINGTON -- Risky bank policies that contributed to the financial crisis were as common in neighborhood branches as they were on Wall Street, according to a labor-backed coalition that will propose new reforms Tuesday.
Calif. examines insurers' investments in Iran (Mon, 29 Jun 2009 18:46:45 EDT)
SACRAMENTO, Calif. -- California Insurance Commissioner Steve Poizner on Monday ordered all insurance companies doing business in the state to report investments that might benefit Iran, investments he said harm national security as well as the state's insurance buyers.
Rising oil, commodity prices pull stocks higher (Mon, 29 Jun 2009 18:41:51 EDT)
NEW YORK -- A jump in oil prices sent investors rushing to put money into the stock market in the final days of the second quarter.
SEC tells State Street it could face civil charges (Mon, 29 Jun 2009 17:54:25 EDT)
NEW YORK -- State Street Corp. on Monday disclosed in a regulatory filing that the Securities and Exchange Commission could bring civil charges against its main subsidiary for possible securities violations tied to past investments in subprime mortgages.
Wall St climbs with oil sector, end-of-quarter buys (Mon, 29 Jun 2009 17:20:08 EDT)
NEW YORK (Reuters) - Stocks rose on Monday as higher oil prices lifted shares of energy companies and fund managers snapped up this quarter's winners to burnish their portfolios.
Meltdown 101: Risks of another Madoff-style scam (Mon, 29 Jun 2009 17:16:28 EDT)
WASHINGTON -- Monday brought some closure to Bernard Madoff's victims, who were swindled out of $65 billion in the largest recorded financial fraud - a scheme that was exposed in part because the plummeting stock market led investors to demand repayment of money that was long gone.
AIG shareholders to elect new directors at meeting (Mon, 29 Jun 2009 16:39:12 EDT)
NEW YORK (Reuters) - American International Group Inc <AIG.N>, the insurer rescued by a series of federal bailouts, is set to pad out its shrinking board on Tuesday when a new slate of directors stands for election at its annual meeting.
Court: State can apply some laws to national banks (Mon, 29 Jun 2009 14:23:14 EDT)
WASHINGTON -- The Supreme Court on Monday ruled that states can apply some of their own laws to big national banks operating within their borders, a decision proponents called a huge win for consumers and for states seeking more power to regulate financial activities.
A look at economic developments around the globe (Mon, 29 Jun 2009 13:16:33 EDT)
-- A look at economic developments and stock market activity around the world Monday:
Court Allows States to Challenge National Banks (Mon, 29 Jun 2009 13:12:00 EDT)
State governments can challenge the practices of national banks in court, the Supreme Court held today, in a decision that bolsters the power of states relative to federal bank regulators.
Recovery frail but stimulus exit must be timely (Mon, 29 Jun 2009 10:08:45 EDT)
BASEL, Switzerland (Reuters) - Unprecedented attempts to stimulate economic growth may fail to bring a sustained recovery, yet withdrawing them too late could be even more risky, leading central bankers said on Monday.
Central bankers urge move from stimulus to reform (Mon, 29 Jun 2009 08:53:14 EDT)
BASEL, Switzerland -- The Bank for International Settlements urged governments Monday to move away from "staggering" stimulus packages as the global economy stabilizes and focus instead on reforming the international financial system.
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John Wesley's Sermons: An Anthology (Paperback) by John Wesley, Albert Cook Outler, Richard P. Heitzenrater (Editor)
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Josh McDowell's One Year Book of Youth Devotions (Paperback) by Josh McDowell, Bob Hostetler
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