Breaking News
8/27/2010 | Economy
Bernanke: Fed will take action if economy falters
Associated Press
Federal Reserve Chairman Ben Bernanke said Friday that the Fed will consider making another large-scale purchase of securities if the slowing economy were to deteriorate significantly and signs of deflation were to flare.
Bernanke acknowledged that the recent pace of growth is "less vigorous than we expected." He described the outlook as uncertain and said the economy "remains vulnerable to unexpected developments."
At the same time, he said growth is likely to pick up next year. He downplayed the odds of another recession, even after a series of dismal reports on housing and manufacturing this week stoked fears that the economy may be on the verge of another downturn.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)Barry Asmus, Senior Economist, National Center for Policy AnalysisDavid Bossie, President, Citizens UnitedDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteWilliam Devlin, National President, Redeem The VoteJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom RingLowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias Res8/27/2010 | Healthcare, Taxes
States Press Workers on Health Care
Wall Street Journal
As state and local governments push to get employees to pick up more health care costs, some employees are pushing back.
On Thursday, a Michigan judge heard arguments in two of three lawsuits filed by public-school unions and retirees who opposed a new law that for the first time required them to contribute toward their health-care benefits.
Michigan is among several states struggling with record budget deficits that want employees to take on a greater share of the burden of ballooning health-benefits costs.
The states' search for financial options come amid a growing awareness of the gap in benefit contributions between public and private employees. A handful of states have made changes this year, including Kentucky, Connecticut and Texas, and they join a growing number of governments that have cut health benefits in recent years without major challenges.
8/25/2010 | Radical Islam
Islamist Leader in Pakistan Says Accepting Flood Relief From U.S. and India Is Like ‘Poison’
CNS News
Accepting emergency aid from the United States or India amounts to taking “poison,” the head of one of Pakistan’s leading Islamist political parties said Tuesday.
The remarks by Syed Munawar Hasan, head of Jamaat-e-Islami (JI), evidently were intended to apply new pressure on a government already walking a tightrope between dealing with the flood crisis and antagonizing radical elements.
He spoke on the same day the United Nations appealed for more helicopters to help reach hundreds of thousands of Pakistanis cut off by the “unprecedented floods.”
Recommended Guests:
Zakariah Anani, Shoebat FoundationWilliam Devlin, National President, Redeem The VoteMajor Eric Egland, Author, The Troops Need You, America: Six Ways to Help...Paul "Dave" Gaubatz, Owner-Director, Wahhabi CT PublicationsColin Hanna, Colin Hanna, President, Let Freedom RingPeter Lillback, President, Westminster Theological SeminaryJan Markell, President, Olive Tree MinistriesKamal Saleem, Shoebat FoundationWalid Shoebat, President, Shoebat FoundationDavid Wheaton, Author, Speaker, Radio Talk Show Host, TheChristianWorldview.com8/25/2010 | Religion
U.S. funds restoration of global Islamic sites
Associated Press
This year, the Obama administration will spend nearly $6 million to restore 63 historic and cultural sites, including mosques and minarets, in 55 nations, according to State Department documents.
That includes $76,000 for a 16th century mosque in China, $67,000 for a mosque in Pakistan, $77,000 to restore minarets in Nigeria and Mauritania, and $50,000 for an Islamic Monument in India.
But that's a fraction of the total in the 2010 Ambassadors Fund for Cultural Preservation, which also will fund projects to restore Christian and Buddhist sites as well as museums, forts and palaces.
Secretary of State Hillary Rodham Clinton says the U.S. program to restore Islamic and other cultural sites abroad is money well spent.
Recommended Guests:
Chuck Donovan, Senior Research Fellow-DeVos Center for Religion a, The Heritage FoundationWayne Grudem, Research Professor of Theology and Biblical Studie, Phoenix SeminaryDr. Janice Hollis, Bishop, Progressive Believers MinistriesPeter Lillback, President, Westminster Theological SeminaryJennifer Marshall, Director of Domestic Policy Studies, The Heritage FoundationAlex McFarland, President, Southern Evangelical SeminaryRyan Messmore, William E. Simon fellow in Religion and a Free Soc, The Heritage FoundationStuart Migdon, AuthorK. Scott Oliphint, Professor of Apologetics and Systematic Theology, Westminster Theological SeminaryVern Poythress, Westminster Theological SeminaryPhil Ryken, President-Elect , Wheaton CollegeDon Shenk, Executive Director, The TideDavid Wheaton, Author, Speaker, Radio Talk Show Host, TheChristianWorldview.com8/24/2010 | Economy
Home Sales Plunge 27 Percent to Lowest in 15 Years
Associated Press
Sales of previously occupied homes plunged last month to the lowest level in 15 years, despite the lowest mortgage rates in decades and bargain prices in many areas.
July's sales fell by more than 27 percent to a seasonally adjusted annual rate of 3.83 million, the National Association of Realtors said Tuesday. It was the largest monthly drop on records dating back to 1968, and sharp declines were recorded in all regions of the country.
The plunge in home sales also magnified fears about the broader economy.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)Barry Asmus, Senior Economist, National Center for Policy AnalysisDavid Bossie, President, Citizens UnitedDan Celia, Host, "Financial Issues Live" Radio ProgramPhil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.Ward Connerly, Author/Founder and Chairman, American Civil Rights InstituteWilliam Devlin, National President, Redeem The VoteJames Edwards, Cofounder, Olive, Edwards, & Cooper, LLCJoseph Farah, CEO, Founder, WorldNetDailyJames Gelfand, Senior Manager of Health Policy, U.S. Chamber of CommerceLou Giuliano, Chairman, President and Chief Executive Officer (r, ITT CorporationColin Hanna, Colin Hanna, President, Let Freedom RingLowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.Larry Hunter, President, The Social Security InstitutePhillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of BusinessJoe Murray, Columnist, The BulletinGrover Norquist, President, Americans for Tax Reform (ATR)Chuck Stetson, Co-founder and Managing Director, PEI FundsTony Strickland, Taxpayer AdvocateJohn Weiser, Board Member, Westminster Theological Seminary , In Medias Res
Phil Clements
Managing Director, Center for Christian Business Ethics Today, LLC.Phil Clements is the managing director of the Center for Christian Business Ethics Today, LLC. Phil has been a leader in the business community for over 30 years. In 2003, Jack Templeton, a fellow board...
