Bible Out of ContextRandom Quotes from the Bible
1In the mean time, when there were gathered together an innumerable multitude of people, insomuch that they trode one upon another, he began to say unto his disciples first of all, Beware ye of the leaven of the Pharisees, which is hypocrisy. 2For there is nothing covered, that shall not be revealed; neither hid, that shall not be known. KJV: Luke 12:1-2 1Under these circumstances, after so many thousands of people had gathered together that they were stepping on one another, He began saying to His disciples first of all, "Beware of the leaven of the Pharisees, which is hypocrisy. 2"But there is nothing covered up that will not be revealed, and hidden that will not be known. NASB: Luke 12:1-2 1Meanwhile, when a crowd of many thousands had gathered, so that they were trampling on one another, Jesus began to speak first to his disciples, saying: "Be on your guard against the yeast of the Pharisees, which is hypocrisy. 2There is nothing concealed that will not be disclosed, or hidden that will not be made known. NIV: Luke 12:1-2
...Random blessings from the Word of God...
Put His Word in the context of your life!
www.Christ.com
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Christianity in Crisis: Includes Study Guide (Paperback) by Hank Hanegraaff
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Five Views on Sanctification (Paperback) by Melvin E. Dieter (Contributor), Anthony A. Hoekema (Contributor), Stanley M. Horton (Contributor), J. Robertson McQuilkin (Contributor), John F. Walvoord (Contributor), Stanley N. Gundry (Series Editor)
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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
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Put His Word in the context of your life!
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Foundations of the Christian Faith (Master Reference Collection) (Hardcover) by James Montgomery Boice
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Secret Teachings of the Masonic Lodge (Paperback) by John Ankerberg, John Weldon
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Bible Out of ContextRandom Quotes from the Bible
5And when thou prayest, thou shalt not be as the hypocrites are: for they love to pray standing in the synagogues and in the corners of the streets, that they may be seen of men. Verily I say unto you, They have their reward. 6But thou, when thou prayest, enter into thy closet, and when thou hast shut thy door, pray to thy Father which is in secret; and thy Father which seeth in secret shall reward thee openly. 7But when ye pray, use not vain repetitions, as the heathen do: for they think that they shall be heard for their much speaking. KJV: Matthew 6:5-7 5"When you pray, you are not to be like the hypocrites; for they love to stand and pray in the synagogues and on the street corners so that they may be seen by men Truly I say to you, they have their reward in full. 6"But you, when you pray, go into your inner room, close your door and pray to your Father who is in secret, and your Father who sees what is done in secret will reward you. 7"And when you are praying, do not use meaningless repetition as the Gentiles do, for they suppose that they will be heard for their many words. NASB: Matthew 6:5-7 5"And when you pray, do not be like the hypocrites, for they love to pray standing in the synagogues and on the street corners to be seen by men. I tell you the truth, they have received their reward in full. 6But when you pray, go into your room, close the door and pray to your Father, who is unseen. Then your Father, who sees what is done in secret, will reward you. 7And when you pray, do not keep on babbling like pagans, for they think they will be heard because of their many words. NIV: Matthew 6:5-7
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The New Testament: A Historical Introduction to the Early Christian Writings (Paperback) by Bart D. Ehrman
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Foundations of the Christian Faith (Master Reference Collection) (Hardcover) by James Montgomery Boice
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Bible Out of ContextRandom Quotes from the Bible
I can do all things through Christ which strengtheneth me. KJV: Philippians 4:13
I can do all things through Him who strengthens me. NASB: Philippians 4:13
I can do everything through him who gives me strength. NIV: Philippians 4:13
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Who's Driving the Purpose Driven Church? (Paperback) by James Sundquist
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Bright Evening Star: Mystery of the Incarnation (Wheaton Literary Series) (Hardcover) by Madeleine L'Engle
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Washington Post: Economy
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| Wash Post U.S. Economy | 
Obama Seeks Dialogue on Urban Issues (Thu, 02 Jul 2009 10:05:01 EDT)
NEW YORK -- Once upon a time, when cities were poor and suburbs were rich, "urban policy" meant programs to alleviate poverty.
Home Prices Fall at Slower Rate in April (Tue, 30 Jun 2009 14:26:59 EDT)
Home prices fell again in April, but at a slower rate, suggesting some parts of the housing market could be stabilizing, according to the Standard & Poor's/Case-Shiller Home Price Index released today.
Consumer Spending Up Even as More Save (Sat, 27 Jun 2009 00:00:00 EDT)
Consumer spending edged up in May for the first time since February, new data show, as the government stimulus plan boosted incomes. But in a sign that Americans are not immediately spending all their extra cash, the national savings rate rose to a 15-year high.
Bernanke Holds Firm in Hot Seat (Fri, 26 Jun 2009 00:00:00 EDT)
Legislators yesterday pounded Federal Reserve Chairman Ben S. Bernanke with questions about his role in Bank of America's purchase of Merrill Lynch, discarding the deference long accorded to him and his predecessors in a demonstration of mounting concern about the Fed's performance.
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Oil Markets Stay Calm Despite Political Unrest in Iran (Fri, 26 Jun 2009 00:00:00 EDT)
Over most of the past three years, the world trembled at the thought that a U.S. conflict with Iran might disrupt oil supplies. Oil traders and analysts have said that an "Iran premium" was probably adding anywhere from $2 to $15 a barrel to the price of crude oil.
U.S. Stock Markets Rally (Thu, 25 Jun 2009 16:59:00 EDT)
Stocks rallied today, after losing some ground earlier this week, with the announcement of better-than-expected reports on the nation's gross domestic product and an increase in initial weekly unemployment claims.
On Promise Of Upswing, Fed Holds Rate Steady (Thu, 25 Jun 2009 00:00:00 EDT)
The Federal Reserve issued a vote of confidence in the economy yesterday, saying it would take no new action to combat a recession that, while still severe, appears to be loosening its grip.
Fed Shielded Facts Of Merrill Sale, Republicans Say (Thu, 25 Jun 2009 00:00:00 EDT)
The Federal Reserve tried to keep other federal regulators out of the loop while pushing Bank of America to follow through on its deal to buy the crippled investment bank Merrill Lynch late last fall, according to Republicans on the House Oversight and Government Reform Committee.
Featured Advertiser
The best thing you can do to minimize your risk of identity theft is ensure that your personal information is secure. It is very often small acts of criminal mischief that result in years of hardship for individual consumers. Applying common sense can provide a measure of identity theft protection.
1. Don't leave your financial paperwork lying around your house. Store paperwork with personally identifying information in a filing cabinet that is secured with a tamper-proof lock.
2. Never reveal any personal information to anyone who has called or e-mailed you. Ask them to send their request to you in writing through the mail.
3. Sign up for a credit monitoring service. It is a great way to track your credit improvement and stop identity theft.
Additional Resources Proactive identity theft protection with Lifelock Monitor your credit score to track improvement and spot identity theft red flags |
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New-Home Sales Drop Slightly; Builders Point to Foreclosures; Prices Keep Falling (Thu, 25 Jun 2009 00:00:00 EDT)
New-home sales were stagnant last month, posting an unexpected decline as builders competed with a glut of foreclosures on the market and prices continued to fall, according to government data released yesterday.
XXXXXX (Wed, 24 Jun 2009 14:55:59 EDT)
The manufacturing sector showed further signs of stabilization in May, as orders for durable goods rose more than expected.
Another Day, a Weaker Dollar (Wed, 24 Jun 2009 00:00:00 EDT)
The days of calling the dollar almighty may be numbered.
3 Automakers Get Loans to Build More Efficient Cars (Wed, 24 Jun 2009 00:00:00 EDT)
Three automakers will receive nearly $8 billion in federal loans to boost production of fuel-efficient vehicles in the United States.
Featured Advertiser
The best thing you can do to minimize your risk of identity theft is ensure that your personal information is secure. It is very often small acts of criminal mischief that result in years of hardship for individual consumers. Applying common sense can provide a measure of identity theft protection.
1. Don't leave your financial paperwork lying around your house. Store paperwork with personally identifying information in a filing cabinet that is secured with a tamper-proof lock.
2. Never reveal any personal information to anyone who has called or e-mailed you. Ask them to send their request to you in writing through the mail.
3. Sign up for a credit monitoring service. It is a great way to track your credit improvement and stop identity theft.
Additional Resources Proactive identity theft protection with Lifelock Monitor your credit score to track improvement and spot identity theft red flags |
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Lingering Unemployment Likely to Challenge Obama and the Nation (Mon, 22 Jun 2009 00:00:00 EDT)
Despite signs that the recession gripping the nation's economy may be easing, the unemployment rate is projected to continue rising for another year before topping out in double digits, a prospect that threatens to slow growth, increase poverty and further complicate the Obama administration's...
Demise of Helicopter Program Means Hundreds of Jobs Lost in Owego, N.Y. (Sun, 21 Jun 2009 00:00:00 EDT)
OWEGO, N.Y. -- When the U.S. military announced in 2005 that it would commission the next generation of presidential helicopters to be built here, this hard-luck area in New York's industrial Southern Tier rejoiced.
Lawmakers Balk As Administration Tries to Redefine Central Bank's Role (Fri, 19 Jun 2009 00:00:00 EDT)
The Federal Reserve, which has been at the center of the government rescue of the financial system, is now on the hot seat, with a debate on Capitol Hill emerging over its responsibility for the crisis and its proper role in preventing such events in the future.
Obama Defends Financial Overhaul (Thu, 18 Jun 2009 00:00:00 EDT)
President Obama introduced his plan to reform financial regulations yesterday as a key to reviving the economy, setting up an intense battle over the particulars that is likely to rage on Capitol Hill for the rest of the year.
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Core Reforms Held Firm As Much Else Fell Away (Thu, 18 Jun 2009 00:00:00 EDT)
The plan President Obama unveiled yesterday to overhaul the government's oversight of the financial system was not the wholesale remaking of Washington that the administration had initially envisioned.
Consumer Prices Rose Less Than Expected in May (Thu, 18 Jun 2009 00:00:00 EDT)
Inflation remained subdued last month, the Labor Department said yesterday in a report that supports the view that prices are unlikely to rise significantly so long as the economy is operating well below its potential.
Obama Blueprint Deepens Federal Role in Markets (Wed, 17 Jun 2009 00:00:00 EDT)
The Obama administration last night detailed a series of proposals to involve the government more deeply in private markets, from helping to steer borrowers into affordable mortgage loans to imposing new limits on the largest financial companies, in a sweeping effort to curb the kinds of reckless...
High-End Swedish Carmaker to Buy GM's Saab (Wed, 17 Jun 2009 00:00:00 EDT)
General Motors announced yesterday that it is selling Saab to the Swedish sports car manufacturer Koenigsegg -- the fourth brand to split from the firm and wind up in the arms of a company with little experience as a mass-market automaker.
Concern Over Obama's Spending Plans May Cloud 2010 Election Prospects (Sun, 14 Jun 2009 00:00:00 EDT)
After enjoying months of towering poll numbers, legislative victories and well-received foreign policy initiatives, the White House has become increasingly concerned that President Obama's spending plans, which would require $9 trillion in government borrowing over the next decade, could become a...
Spike in Interest Rates Could Choke Recovery (Fri, 12 Jun 2009 00:00:00 EDT)
Rising long-term interest rates are making it more expensive for home buyers, corporations and the U.S. government to borrow money, threatening to further stifle an already weak economy.
Federal Reserve Releases Information on Bailouts (Thu, 11 Jun 2009 00:00:00 EDT)
The Federal Reserve yesterday started disclosing a wider range of information about its lending programs, aiming to stanch growing concerns among lawmakers that it is too secretive.
Goals Shift For Reform Of Financial Regulation (Wed, 10 Jun 2009 00:00:00 EDT)
The Obama administration is pulling back from some of its most ambitious ideas for overhauling the financial system, after determining that the consolidation of power under fewer federal agencies would face grave opposition by lawmakers and regulators, sources familiar with the discussions said.
Stuck at Unemployed: When A Layoff Becomes a Lifestyle (Sat, 06 Jun 2009 00:00:00 EDT)
When Matthew Thomas of Alexandria was laid off in September from a downtown Washington advocacy group, he wasn't too worried. The 49-year-old office worker had severance and never had trouble finding work. He sent a few résumés out, signed up with a few temporary agencies and waited.
Job-Loss Rate Slows, but Ranks Rising (Sat, 06 Jun 2009 00:00:00 EDT)
Employers are slashing jobs at a more measured rate than in recent months, the government said yesterday, the strongest evidence yet that the economy is no longer in a state of near-collapse.
Bernanke Presses For Fiscal Restraint (Thu, 04 Jun 2009 00:00:00 EDT)
The nation needs to begin planning now to eventually bring taxes and spending in line, Federal Reserve Chairman Ben S. Bernanke said yesterday, arguing that large budget deficits, if sustained, could deepen the financial crisis and choke off the economy.
SEC Chief Strives To Rebuild Regulator (Thu, 04 Jun 2009 00:00:00 EDT)
On the morning of Feb. 4, the chairman of the Securities and Exchange Commission, Mary Schapiro, sat in a confidential meeting reviewing financial crime cases when an assistant handed her a note. Schapiro read it and then asked everyone in the room to leave, except for her fellow commissioners an...
China Confident in U.S., Geithner Says (Wed, 03 Jun 2009 00:00:00 EDT)
BEIJING, June 2 -- Even as China's state media on Tuesday slammed the country's massive U.S. debt purchases, U.S. Treasury Secretary Timothy F. Geithner said China's leaders believe in "the basic resilience and dynamism of the U.S. economy."
U.S. Bets Billions on GM's Resurgence (Tue, 02 Jun 2009 00:00:00 EDT)
President Obama laid out his case yesterday for committing billions of dollars more to the rescue of General Motors, arguing that the nationalization of the industrial giant was necessary to bolster the foundering U.S. economy.
Confidence in U.S. Economy Builds Even as Recovery Still Seems Distant (Tue, 02 Jun 2009 00:00:00 EDT)
Economists, senior government officials and ordinary consumers are all showing greater confidence in the outlook for the economy.
Once a Recession Remedy, GM's Empire Falls (Tue, 02 Jun 2009 00:00:00 EDT)
For an idea of what it meant to be an American corporate icon, Time magazine's article about the 1955 "man of the year" -- General Motors President Harlow Herbert Curtice -- provides a good snapshot.
Geithner Tells China Its Holdings Are Safe (Tue, 02 Jun 2009 00:00:00 EDT)
BEIJING, June 1 -- U.S. Treasury Secretary Timothy F. Geithner on Monday sought to reassure China, America's biggest creditor, that its hundreds of billions of dollars of holdings in U.S. government debt remain safe, even as investors dumped Treasurys amid signs that the global recession is easing.
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How President Obama Made His Energy Platform 'Pop' (Sun, 31 May 2009 00:00:00 EDT)
After a long day of campaigning on July 8, candidate Barack Obama arrived at his Chicago headquarters for a three-hour brainstorming session about a suddenly hot issue: energy and climate change.
After Many Tuneups, A Historic Overhaul (Sun, 31 May 2009 00:00:00 EDT)
In the space of five head-spinning months, the economic downturn and a few strong-willed financial officials in the Obama administration have done what legions of car executives, consultants and policymakers had failed to do in three decades: overhaul the U.S. car industry.
How President Obama Made His Energy Platform 'Pop' (Sun, 31 May 2009 00:00:00 EDT)
After a long day of campaigning on July 8, candidate Barack Obama arrived at his Chicago headquarters for a three-hour brainstorming session about a suddenly hot issue: energy and climate change.
Congress's Afterthought, Wall Street's Trillion Dollars (Sat, 30 May 2009 00:00:00 EDT)
On the day before Thanksgiving in 1991, the U.S. Senate voted to vastly expand the emergency powers of the Federal Reserve.
A Less Dismal First-Quarter GDP Report (Sat, 30 May 2009 00:00:00 EDT)
The economy did not shrink as much as originally believed during the first quarter, according to a government report that helped Wall Street rebound from a rocky week and close the month in positive territory.
Geithner to Pursue Practical Goals, Tone in Trip to China (Fri, 29 May 2009 00:00:00 EDT)
Treasury Secretary Timothy F. Geithner will arrive in Beijing on Sunday touting what appears to be a far more pragmatic approach to America's economic relationship with China than the tougher line administration officials, including President Obama, were outlining only a few months ago.
Once Considered Unthinkable, U.S. Sales Tax Gets Fresh Look (Wed, 27 May 2009 00:00:00 EDT)
With budget deficits soaring and President Obama pushing a trillion-dollar-plus expansion of health coverage, some Washington policymakers are taking a fresh look at a money-making idea long considered politically taboo: a national sales tax.
Federal Reserve's Next Test: Reeling In Lifelines (Tue, 26 May 2009 00:00:00 EDT)
As if the worst recession since World War II, the near collapse of the financial system, and the prospect of double-digit unemployment weren't enough to deal with, the Federal Reserve now has something else to worry about: success.
Brooksley Born, the Cassandra of the Derivatives Crisis (Tue, 26 May 2009 00:00:00 EDT)
Friends nudge the woman who saw the catastrophe coming.
European Slump May Stall Global Rebound (Sat, 23 May 2009 00:00:00 EDT)
The financial crisis in the United States may have tipped the world into a global recession, but the biggest obstacle to a full-scale recovery may now lie on the other side of the Atlantic -- in Europe.
Britain Warned On Credit Rating (Fri, 22 May 2009 00:00:00 EDT)
A leading credit rating agency cut its outlook for Britain yesterday, moving the country a step closer to a downgrade and highlighting the vulnerability of the United States' own top-notch rating.
Wider Confidence Lifts Economy From Winter's Deep, Dark Freeze (Thu, 21 May 2009 00:00:00 EDT)
The financial system, frozen solid for the past nine months, is in a spring thaw. And it's happening even though many of the Obama administration's major rescue programs have yet to get off the ground.
With House Passage, Credit Card Bill Sent to President (Thu, 21 May 2009 00:00:00 EDT)
The House yesterday gave final approval to a bill that will prohibit credit card companies from arbitrarily raising interest rates on existing balances and charging certain fees.
A Blue-Ribbon Adviser With a Gray-Area Role (Wed, 20 May 2009 00:00:00 EDT)
Weeks after winning the White House, President Obama sought to reassure a nation unnerved by a financial meltdown that Paul A. Volcker, the venerable former Federal Reserve chairman, would help the new economic team steer a course through the crisis.
As Detroit Crumbles, China Emerges as Auto Epicenter (Mon, 18 May 2009 00:00:00 EDT)
America's auto titans are dismantling their global empires. But across the Pacific, it's as if the global economic forces that have pummeled Detroit never struck. Chinese auto sales are up, and this year China is projected to displace Japan as the world's largest car producer.
Toxic Plastic (Sun, 17 May 2009 00:00:00 EDT)
Congress is on the verge of passing legislation that would transform the way credit card companies and consumers interact.
Trade Wars Brewing in Economic Malaise (Fri, 15 May 2009 00:00:00 EDT)
Is this what the first trade war of the global economic crisis looks like?
Unexpectedly Weak Retail Sales Dash Hopes Recovery Is Near (Thu, 14 May 2009 00:00:00 EDT)
New government data released yesterday showed that consumers are still struggling under the weight of the recession, undermining hopes that the economy was poised for a turnaround.
Officials Knew of AIG Bonuses Months Before Firestorm (Wed, 13 May 2009 00:00:00 EDT)
As American International Group chief executive Edward M. Liddy returns to Washington to face Congress today, new details are emerging about how long federal officials were aware of the company's recent bonus payments to its executives and of how inflammatory the payments could be.
Trade Gap Widens in March for First Time in 8 Months (Wed, 13 May 2009 00:00:00 EDT)
The U.S. trade deficit rose in March for the first time since last July as the global recession cut sharply into sales of American exports. The politically sensitive deficit with China increased.
How Trouble Gives Way To New Trials (Sun, 10 May 2009 00:00:00 EDT)
After all the blood, tears and recriminations, is the Great Recession over?
India Fires Back With Inquiry Into Barriers Its Exporters Face in United States (Fri, 08 May 2009 00:00:00 EDT)
NEW DELHI -- India has begun a tit-for-tat study on the barriers its exporters face in the United States, part of an effort to aggressively counter an American investigation into Indian trade hurdles.
Bernanke's Outlook a Bit Brighter (Wed, 06 May 2009 00:00:00 EDT)
The U.S. economy seems to be contracting at a slower rate than it was a few months ago, Federal Reserve Chairman Ben S. Bernanke told lawmakers yesterday, delivering a message of optimism that was tempered by his forecast that the economy could perform well below its potential for some time to come.
Obama Targets Overseas Tax Dodge (Tue, 05 May 2009 00:00:00 EDT)
President Obama yesterday announced a major offensive against businesses and wealthy individuals who avoid U.S. taxes by parking cash overseas, a battle he said would be fought with new tax laws, new reporting requirements and an army of 800 new IRS agents.
Virginia, Maryland Prepare for Cuban Detente (Mon, 04 May 2009 00:00:00 EDT)
Virginia and Maryland trade officials, sensing winds of change in the tempestuous relationship between the United States and Cuba, are hustling to build markets for their goods in the event two countries normalize relations further.
Book Review: 'A Failure of Capitalism' by Richard A. Posner (Sun, 03 May 2009 00:00:00 EDT)
Richard A. Posner, the idiosyncratic and prolific federal jurist, has just published his book for this month: a surprising volume that explains what happened to the banking system and economy in terms the lay reader can easily understand.
Obama Vows Swift Overhaul As Chrysler Enters Bankruptcy (Fri, 01 May 2009 00:00:00 EDT)
Chrysler, the nation's third-largest automaker, filed for bankruptcy protection yesterday, with President Obama promising that court relief would give the company a "new lease on life."
Consumer Spending Falls in March (Thu, 30 Apr 2009 17:25:00 EDT)
After a brief return to stores at the start of the year, consumers retreated in March.
In Sharp Contraction, Basis for an Upswing (Thu, 30 Apr 2009 00:00:00 EDT)
The U.S. economy contracted at a surprisingly fast pace at the beginning of the year, but it shrank in ways that could lay the groundwork for growth in the months ahead.
Obama Emphasizes Sharp Departures From Bush Policies (Thu, 30 Apr 2009 00:00:00 EDT)
One hundred days into his term, President Obama used a pair of public events Wednesday to chart how far he has steered the country from the course set by the Bush administration, saying, "We are off to a good start, but it is just a start."
U.S. Warns Other Nations Not to Ban Pork (Wed, 29 Apr 2009 00:00:00 EDT)
U.S. officials said yesterday that they are renaming the swine flu crisis the "2009 H1N1 virus outbreak" and warned other countries not to "ban or prevent" imports of U.S. pork or other products.
Bruised by Stimulus Battle, Obama Changed His Approach to Washington (Wed, 29 Apr 2009 00:00:00 EDT)
The night before the Senate vote on President Obama's $787 billion stimulus bill, one question echoed through the West Wing:
GM's New Escape Route: Partial Nationalization (Tue, 28 Apr 2009 00:00:00 EDT)
Once a symbol of capitalist might and U.S. industrial prowess, General Motors would be half owned by the Treasury under a new sweeping plan that would also shut down GM's Pontiac operations, lay off 21,000 workers and impose harsh terms on the company's bondholders.
Flu Outbreak Threatens Global Economic Recovery (Tue, 28 Apr 2009 00:00:00 EDT)
The swine flu outbreak is compounding the ailments of the global economy just as it is starting to stabilize, darkening the outlook for everything from tourism to world trade, particularly in the United States and Mexico.
Credit Card Reforms Pressed by Obama (Fri, 24 Apr 2009 00:00:00 EDT)
President Obama met with executives from 13 of the nation's largest credit card issuers at the White House yesterday and pressed them to curb excessive fees and provide consumers with more straightforward contracts.
Backlog of Foreclosed Homes Weighs on Prices (Fri, 24 Apr 2009 00:00:00 EDT)
The nation's logjam of foreclosed homes, which will likely grow significantly in the next few months, is dashing hopes that the housing market could rebound quickly this year and helped fuel a tumble in home prices last month, according to industry data released yesterday.
China Uses Global Crisis to Assert Its Influence (Thu, 23 Apr 2009 00:00:00 EDT)
BEIJING -- With Jamaica's currency in free fall, unemployment soaring and banks heavily exposed to government debt, the Caribbean island's diplomats went into crisis mode earlier this year. They traveled to all corners of the world to seek help.
Banks in Europe Lag in Recovery (Wed, 22 Apr 2009 00:00:00 EDT)
European banks are far behind those in the United States in clearing bad loans off their books and may need additional capital injections of up to $1.2 trillion, according to a major International Monetary Fund report released yesterday.
Bank of America's Profit Mainly Due to Recent Deals (Tue, 21 Apr 2009 00:00:00 EDT)
Bank of America said yesterday it earned $4.2 billion in the first quarter, the latest sign that the government is succeeding in stabilizing the banking industry.
Obama to Order Cabinet to Quickly Cut $100 Million From Department Budgets (Mon, 20 Apr 2009 14:23:59 EDT)
President Obama convened his Cabinet for the first time today and instructed department heads to trim their budgets by a combined $100 million over the next 90 days, cuts he said would help overcome a "confidence gap" among the American people about the use of their tax dollars.
Impoverished Haiti Slips Further as Remittances Dry Up (Fri, 17 Apr 2009 00:00:00 EDT)
PORT-AU-PRINCE, Haiti, April 16 -- The U.S. economic crisis touched down recently in the dusty town where Marie Rosita Simon ekes out a living selling sandals. Her brother, a New Jersey cabdriver, slashed his monthly $400 transfer to her by half because his business was off.
Financial Crisis Must Be Probed, Pelosi Says (Fri, 17 Apr 2009 00:00:00 EDT)
House Speaker Nancy Pelosi (D-Calif.) has endorsed a proposal to create a special congressional committee to investigate the causes of the financial sector meltdown, giving the idea bipartisan momentum in Congress.
Americans' Tax Burden Near Historic Low (Thu, 16 Apr 2009 00:00:00 EDT)
As thousands of anti-tax protesters rallied across the nation yesterday and the president promised tax cuts for most, new data showed that the federal income tax burden is already hovering near its lowest level in three decades for all but the wealthiest Americans.
Manufacturing Slips, but Fed Finds Stability in Some Parts of U.S. (Thu, 16 Apr 2009 00:00:00 EDT)
Declining demand pulled down manufacturing output in March, but the recession showed signs of leveling out in parts of the country and falling energy prices put more money into consumers' pockets, according to government data released yesterday.
Obama: Economy Gaining Traction (Wed, 15 Apr 2009 00:00:00 EDT)
The president and the Federal Reserve chairman voiced cautious optimism yesterday that the economy could be beginning to stabilize. But the economy wasn't cooperating.
At Summit of Americas, U.S. May Face World of Blame for Economy (Wed, 15 Apr 2009 00:00:00 EDT)
President Obama plans to take his message of partnership to Latin America and the Caribbean this week, but he will face a group of leaders far less forgiving than their European counterparts were about the United States' central role in the global financial crisis.
Reinventing Regulation (Wed, 15 Apr 2009 00:00:00 EDT)
During President Obama's speech yesterday on the economy at Georgetown University, it was hard to miss that the biggest applause lines were those that criticized Wall Street for reckless risk-taking and squandering so much wealth and talent. To make sure it never happens again, the president...
In Georgetown Speech, Obama Offers Cautious Optimism (Tue, 14 Apr 2009 12:36:00 EDT)
President Obama today laid out a vision for a new era of U.S. economic prosperity and called on the nation to "get serious" about reforming entitlement programs such as Medicare, Medicaid and Social Security -- reform that he said starts with overhauling the American health care system.
March Retail Sales Show Possible Signs of Stabilization (Thu, 09 Apr 2009 09:58:58 EDT)
Several of the country's national chain stores reported March sales this morning that were lower than last year but not as bad as expected.
How Bernanke Staged a Revolution (Thu, 09 Apr 2009 00:00:00 EDT)
Every six weeks or so, around a giant mahogany table in an ornate room overlooking the National Mall, 16 people, one after another, give their take on how the U.S. economy is doing and what they, the leaders of the Federal Reserve, want to do about it.
Inside the Fed's Trillion-Dollar Decision: Crisis Outweighed Inflation Fears (Thu, 09 Apr 2009 00:00:00 EDT)
Worries about a prolonged economic slump and a lack of progress in thawing frozen credit markets persuaded Federal Reserve leaders last month to inject more than a trillion dollars into the economy, according to meeting minutes released yesterday.
SEC Puts Forward Proposals on Regulations to Restrict Short-Selling (Wed, 08 Apr 2009 11:55:54 EDT)
The Securities and Exchange Commission today held its first policymaking session of the year, and under political pressure, introduced several proposals to restrict the short-selling of stock that many economists, including those inside the agency, say are likely to have little effect.
U.S. Visa Limits Hit Indian Workers (Mon, 06 Apr 2009 00:00:00 EDT)
MUMBAI -- With his master's degree in electrical engineering at North Carolina State University almost complete, Ravi, 24, received a promising job offer from a technology firm. He called his parents back in India, happy that he was on track for an H-1B work visa, which is seen as a steppingstone to...
Admirers, Hopeful of Change, Await U.S. President in Turkey (Sun, 05 Apr 2009 00:00:00 EDT)
ANKARA, Turkey, April 4 -- Shoe shiner Kasim Kirsakal sat outside a mosque, directly across from a bank using a poster of President Obama to promote low-interest loans.
Administration Seeks an Out on Bailout Rules for Firms (Sat, 04 Apr 2009 00:00:00 EDT)
The Obama administration is engineering its new bailout initiatives in a way that it believes will allow firms benefiting from the programs to avoid restrictions imposed by Congress, including limits on lavish executive pay, according to government officials.
Another Wallop to the Out of Work (Sat, 04 Apr 2009 00:00:00 EDT)
The U.S. job market declined sharply last month, dulling hopes that the economy could be on the brink of a turnaround and signaling that American workers are still in the thick of a severe recession.
Fed Trying to Avoid Risk in Lending Programs, Bernanke Says (Sat, 04 Apr 2009 00:00:00 EDT)
The ambitious programs the Federal Reserve is launching to stimulate the economy are designed to protect taxpayers and ensure that the central bank is not deciding which businesses and individuals can get loans, Fed Chairman Ben S. Bernanke said yesterday.
Post Politics Hour (Fri, 03 Apr 2009 11:00:00 EDT)
Washington Post White House reporter Michael A. Fletcher discusses the latest from the G-20 summit, including world leaders agreeing to pump $1 trillion into the world economy, Congress' approval of President Obama's $3.5 trillion budget, Sen. Richard Lugar's request of the president to open up talks with Cuba and more.
As Crisis Loomed, Geithner Pressed But Fell Short (Fri, 03 Apr 2009 00:00:00 EDT)
In September 2005, Timothy Geithner made one of his most visible moves as a supervisor of the U.S. banking system. He summoned the nation's top financial firms and their regulators to streamline an antiquated system that threatened Wall Street's boom.
A Lifeline for Nations Both Rich and Poor (Fri, 03 Apr 2009 00:00:00 EDT)
LONDON, April 2 -- The $1.1 trillion pledged by world leaders to combat the worst economic crisis since World War II effectively amounts to a rescue package for both poor and rich countries, potentially including the United States.
'Chronic Disorganization' Cited in Efforts to Fix Crisis (Fri, 03 Apr 2009 00:00:00 EDT)
A former senior official in the Treasury Department under Henry M. Paulson says the Bush administration's response to the financial crisis was hamstrung by "chronic disorganization," "a broadly haphazard policy process," and "sometimes strained relations" between the Treasury and the White House.
Wall St. Cheered by Moves to Contain Crisis (Fri, 03 Apr 2009 00:00:00 EDT)
International efforts to tackle the financial crisis and a move to give U.S. banks more leeway when valuing their distressed assets sent the stock market soaring yesterday, pushing prices to their highest level in more than a month.
A Rare Triumph of Substance at the Summit (Fri, 03 Apr 2009 00:00:00 EDT)
International economic summits deserve to be regarded with skepticism: The most important decision to come out of them is usually the call for yet another meeting.
Manufacturing Shows Surprising Strength on Jump in Factory Orders (Fri, 03 Apr 2009 00:00:00 EDT)
The manufacturing sector showed surprising signs of strength yesterday, with a new report indicating that factory orders rose in February for the first time in seven months. But the labor market remained weak, as the number of people filing for unemployment benefits for the first time increased u...
Hitting the Brakes (Tue, 31 Mar 2009 10:27:58 EDT)
The Obama administration's decision to kick GM's chief executive to the curb was one of those eye-opening moments, as if the government had decided to limit the company's cars to blue and gray or decreed that the radios be smaller.
Most Americans Don't Blame Obama for Economy, Poll Finds (Tue, 31 Mar 2009 00:00:00 EDT)
The number of Americans who believe that the nation is headed in the right direction has roughly tripled since Barack Obama's election, and the public overwhelmingly blames the excesses of the financial industry, rather than the new president, for turmoil in the economy, according to a new Washin...
Recession Puts a Major Strain On Social Security Trust Fund (Tue, 31 Mar 2009 00:00:00 EDT)
The U.S. recession is wreaking havoc on yet another front: the Social Security trust fund.
Outrageous Fortune (Tue, 31 Mar 2009 00:00:00 EDT)
To understand what Washington is actually up to, you have to watch what it does, not what it says. That's especially true when it comes to Washington's role in the ongoing bailout of Wall Street, part of its "let's hope this works" plan to revive the U.S. economy.
Fox Ferreting Out Fans (Mon, 30 Mar 2009 10:44:58 EDT)
Fox Nation, an opinionated site that launches this morning -- and really, what other network would name a country after itself? -- is based on a gut-level appeal:
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The Transforming Power of Grace (Paperback) by Thomas C. Oden
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Blood on the Altar: Confessions of a Jehovah's Witness Minister (Hardcover) by David A. Reed
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