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10/6/2008 | Economy
Breitbart.com
World markets suffered massive losses Monday, striking four-year lows, as panic-stricken investors doubted whether a Wall Street bailout package would stem the global financial crisis.
London, Frankfurt and Paris all tumbled more than six percent approaching the half-way mark while a 15-percent dive in Moscow forced a halt to Russian trading.
"We have a seriously weak and fear driven market at our hands," said Tom Hougaard, chief market strategist at City Index.
"It is anyone's guess where we will end the day."
Investors dumped shares after US stock markets had fallen sharply on Friday, despite US congressional approval of a 700-billion-dollar bank bailout.
On Monday, Tokyo ended down 4.25 percent as Hong Kong's stock market shed 5.0 percent, Seoul tumbled 4.3 percent and Sydney lost 3.3 percent. Shanghai dived 5.23 percent and Mumbai was down 5.58 percent in late afternoon trade.
European stocks plummeted after Germany's fourth biggest bank had to be rescued over the weekend -- news that pushed the euro to a 13-month low against the dollar on Monday.
Crude oil futures tumbled to eight-month lows below 90 dollars a barrel in London and New York as worsening financial turmoil triggered fears about slowing demand for energy.
"The market is not convinced that the US bailout package can protect the economy from the financial crisis," said Toyo Securities strategist Ryuta Otsuka.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
9/29/2008 | Economy
Bloomberg
Sept. 29 (Bloomberg) -- Stocks tumbled in Europe and Asia and U.S. index futures retreated as bank bailouts accelerated and the $700 billion plan to rescue American financial institutions failed to unlock money markets.
Dexia SA sank 23 percent after the governments of Belgium, the Netherlands and Luxembourg were forced to rescue Fortis and the U.K. seized Bradford & Bingley Plc. Hypo Real Estate Holding AG slumped 70 percent as the German government and a group of private banks provided a 35 billion-euro ($50 billion) guarantee for the commercial-property lender. Westpac Banking Corp. of Australia slid 3.5 percent. Wachovia Corp. declined 83 percent after Citigroup Inc. agreed to buy its banking operations.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
8/25/2008 | Economy, Energy Policy, Presidential Issues
CCM News
CCM National Chairman Ken Blackwell and CCM Colorado Chairman Bob Beauprez will join U.S. Senator Jim DeMint and Americans for Prosperity’s Jim Pfaff for a press conference at the Democrat National Convention this Tuesday, August 26th at 10 am MDT.
The event, sponsored by CCM, will call on liberal leaders to provide real solutions to reduce America’s dependence on foreign oil and will also highlight American Energy Freedom Day which is October 1, 2008. On that day, the current prohibitions on energy leasing on most of the Outer Continental Shelf and on oil shale leasing on federal lands will expire – unless the liberals who control Congress proactively act to extend them.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Chuck Colson, Prison Fellowship
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Tom DeLay, Former House Majority Leader, United States House of Representatives
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Rick Green, President, Torch of Freedom Foundation
Colin Hanna, Colin Hanna, President, Let Freedom Ring
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Dr. Janice Hollis, Bishop, Progressive Believers Ministries
Larry Hunter, President, The Social Security Institute
Bishop Harry R. Jackson, Senior Pastor, Hope Christian Church
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Gary Marx, Executive Director, Judicial Confirmation Network
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
8/25/2008 | Economy
Bloomberg
The yen and Swiss franc rose against most of the other major currencies on bets credit market losses will widen, prompting investors to sell holdings of higher- yielding assets and pay back loans in Japan and Switzerland.
The dollar briefly pared its loss against the yen as an industry report showed U.S. home resales rose last month more than economists forecast. South Korea's won fell to the lowest level against the dollar in almost four years as overseas investors stepped up sales of the nation's shares.
``Credit markets may be the prominent concern this week,'' said Vassili Serebriakov, a currency strategist at Wells Fargo & Co. in New York. ``That points to outperformance of the yen and the Swiss franc.''
The yen gained 0.3 percent to 109.70 per dollar at 10:06 a.m. in New York, from 110.07 on Aug. 22. The euro declined 0.4 percent to 162.26 yen, from 162.83. The dollar traded at $1.4792 per euro, compared with $1.4793. The Swiss franc rose 0.3 percent to 1.6197 per euro and 0.4 percent to 1.0945 per dollar.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
8/12/2008 | Economy, Terrorism, U.S. Military
The Washington Times
American Airlines is charging troops for their extra baggage, a practice that forces soldiers heading for a war zone in Iraq to try to get reimbursement from the military. One of the country's largest veterans groups is asking the aviation industry to drop the practice immediately.
American, which recently charged two soldiers from Texas $100 and $300 for their extra duffel bags, said it gives the military a break on the cost for excess luggage and that the soldiers who incur the fees are reimbursed.
"Because the soldiers don't pay a dime, our waiver of the fees amounts to a discount to the military, not a discount to soldiers," said Tim Wagner, spokesman for American Airlines. "Soldiers should not have to pay a penny of it."
Veterans of Foreign Wars (VFW) spokesman Joseph Davis said service members destined for Iraq should not have to spend the money out of pocket and should not have to worry about filing expense forms in a war zone.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)
Zakariah Anani, Shoebat Foundation
Joel Anderson, Assemblyman, California State Assembly
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Major Eric Egland, Author, The Troops Need You, America: Six Ways to Help...
Joseph Farah, CEO, Founder, WorldNetDaily
Paul "Dave" Gaubatz, Owner-Director, Wahhabi CT Publications
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Peter Lillback, President, Westminster Theological Seminary
Jan Markell, President, Olive Tree Ministries
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Kamal Saleem, Shoebat Foundation
Walid Shoebat, President, Shoebat Foundation
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
Timothy Watkins, Producer/Director, Renegade Productions
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
8/11/2008 | China, Economy
Financial Times Online
China is set to overtake the US next year as the world’s largest producer of manufactured goods, four years earlier than expected, as a result of the rapidly weakening US economy.
The great leap is revealed in forecasts for the Financial Times by Global Insight, a US economics consultancy. According to the estimates, next year China will account for 17 per cent of manufacturing value-added output of $11,783bn and the US will make 16 per cent.
Last year the US was still easily in the top slot and accounted for a fifth of the total. China was second with 13.2 per cent.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
8/4/2008 | Economy
USA Today
Deregulation of the airline industry 30 years ago made air travel affordable to most Americans. Rising airfares threaten to again make flying a service for the affluent.
Airfares have risen this summer more than any year in the past quarter century, new studies by airfare experts show. The studies, done by Travelocity, FareCompare.com and Harrell Associates at USA TODAY's request, show that domestic fares this summer are up 12% to 15%, and on some routes, more than 200%.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
7/29/2008 | Economy, Presidential Issues
The Wall Street Journal
As part of a week-long shift back to economic issues, Barack Obama will meet with Federal Reserve Chairman Ben Bernanke on Tuesday, his campaign confirmed.
The two are expected to discuss the current credit crisis and Sen. Obama's plans to enforce tougher oversight of financial institutions if elected president. The likely Democratic nominee is also scheduled to speak to Treasury Secretary Henry Paulson by phone Tuesday, campaign officials said.
The meetings come as Sen. Obama tries to pivot back to economic issues after returning from a 10-day foreign trip that sparked Republican criticism over his foreign policy credentials.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Chuck Colson, Prison Fellowship
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Tom DeLay, Former House Majority Leader, United States House of Representatives
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Rick Green, President, Torch of Freedom Foundation
Colin Hanna, Colin Hanna, President, Let Freedom Ring
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Dr. Janice Hollis, Bishop, Progressive Believers Ministries
Larry Hunter, President, The Social Security Institute
Bishop Harry R. Jackson, Senior Pastor, Hope Christian Church
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Gary Marx, Executive Director, Judicial Confirmation Network
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
7/28/2008 | Economy
Yahoo Finance
WASHINGTON (AP) -- Congress approved mortgage relief for 400,000 struggling homeowners Saturday as part of an election-year housing plan that also aims to calm jittery financial markets and bolster the sagging economy. President Bush said he would sign it promptly, despite reservations.
The measure, regarded as the most significant housing legislation in decades, lets homeowners who cannot afford their payments refinance into more affordable government-backed loans rather than losing their homes.
It offers a temporary financial lifeline to troubled mortgage companies Fannie Mae and Freddie Mac -- pillars of the home loan market whose losses have sparked investor fears -- and tightens controls over the two government-sponsored businesses.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
7/22/2008 | Economy
Yahoo Finance
WASHINGTON (AP) -- A federal rescue of troubled mortgage giants Fannie Mae and Freddie Mac could cost taxpayers as much as $25 billion, Congress' top budget analyst said Tuesday.
But Peter R. Orszag, director of the Congressional Budget Office, predicted in a letter to lawmakers that there's a better than even chance the government will not have to step in to prop up the companies by lending them money or buying stock.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
7/15/2008 | Economy, Oil and Gas, Presidential Issues
The New York Times
WASHINGTON — President Bush lifted nearly two decades of executive orders banning drilling for oil and natural gas off the country’s shoreline on Monday while challenging Congress to open up more areas for exploration to address soaring energy prices.
Democrats in Congress, joined by environmentalists, criticized the step and ridiculed it as ineffectual, while most Republicans and industry representatives applauded it as long overdue.
The lifting of the moratorium — first announced by Mr. Bush’s father, President George Bush, in 1990 and extended by President Bill Clinton — will have no real impact because a Congressional moratorium on drilling enacted in 1981 and renewed annually remains in force. And there appeared to be no consensus for lifting it in tandem with Mr. Bush’s action.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Chuck Colson, Prison Fellowship
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Tom DeLay, Former House Majority Leader, United States House of Representatives
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Rick Green, President, Torch of Freedom Foundation
Colin Hanna, Colin Hanna, President, Let Freedom Ring
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Dr. Janice Hollis, Bishop, Progressive Believers Ministries
Larry Hunter, President, The Social Security Institute
Bishop Harry R. Jackson, Senior Pastor, Hope Christian Church
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Gary Marx, Executive Director, Judicial Confirmation Network
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
7/14/2008 | Economy, Presidential Issues
International Herald Tribune
NEW YORK: In a country that holds itself up as a citadel of free enterprise, Washington has morphed from being the lender of last resort into effectively the only resort for home loans for millions of Americans engaged in the largest transactions of their lives.
Before, the government's more modest mission was to make more loans available at lower rates. Now it is to make sure the loans that matter most to middle class Americans are made at all.
The new reality is scorned by libertarians and conservatives, who fear intrusions by the state in the market, and by populists and progressives, who rue a society in which education and housing increasingly rest upon the government's willingness to finance it.
"If you're a socialist, you should be happy," said Michael Lind, a fellow at the New America Foundation, a research institute in Washington. "But you should really wonder whether you want people's ability to pay for housing and college dependent on the motives of people in Washington."
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Chuck Colson, Prison Fellowship
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Tom DeLay, Former House Majority Leader, United States House of Representatives
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Rick Green, President, Torch of Freedom Foundation
Colin Hanna, Colin Hanna, President, Let Freedom Ring
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Dr. Janice Hollis, Bishop, Progressive Believers Ministries
Larry Hunter, President, The Social Security Institute
Bishop Harry R. Jackson, Senior Pastor, Hope Christian Church
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Gary Marx, Executive Director, Judicial Confirmation Network
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
7/11/2008 | Economy
Bloomberg.Com
July 10 (Bloomberg) -- Fannie Mae and Freddie Mac, the largest buyers of U.S. home loans, are too big for the government to let them fail, leading Republican and Democratic lawmakers said.
The government-chartered companies, which own or guarantee about half the $12 trillion of U.S. mortgages, can count on a federal lifeline, said Republican Senator John McCain, of Arizona, and Democratic Senator Charles Schumer, of New York.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
7/10/2008 | Economy, Iran
International Herald Tribune
VIENNA: The head of the Organization of Petroleum Exporting Countries warned Thursday that oil prices would see an "unlimited" increase in the case of a military conflict involving Iran, because the group's members would be unable to make up the lost production.
"We really cannot replace Iran's production - it's not feasible to replace it," Abdalla Salem El-Badri, the OPEC secretary general, said in an interview.
Iran, the second-largest producing country in OPEC, after Saudi Arabia, produces about four million barrels of oil a day out of the daily worldwide production of close to 87 million barrels.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)
Joel Anderson, Assemblyman, California State Assembly
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Major Eric Egland, Author, The Troops Need You, America: Six Ways to Help...
Joseph Farah, CEO, Founder, WorldNetDaily
Paul "Dave" Gaubatz, Owner-Director, Wahhabi CT Publications
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Jan Markell, President, Olive Tree Ministries
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Kamal Saleem, Shoebat Foundation
Walid Shoebat, President, Shoebat Foundation
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
7/9/2008 | China, Economy, Foreign Policy, Presidential Issues
Breitbart.Com
China's economy will overtake that of the United States by 2035 and be twice its size by midcentury, a study released Tuesday by a US research organization concluded.
The report by economist Albert Keidel of the Carnegie Endowment for International Peace said China's rapid growth is driven by domestic demand more than exports, and will sustain high single-digit growth rates well into the 21st century.
"China's economic performance clearly is no flash in the pan," Keidel writes.
"Its growth this decade has averaged more than 10 percent a year and is still going strong in the first half of 2008. Because its success in recent decades has not been export-led but driven by domestic demand, its rapid growth can continue well into the 21st century, unfettered by world market limitation."
Keidel said the rise of China to the world's biggest economy will happen regardless of the method of calculation.
Under current market-based estimates, China's gross domestic product is about three trillion dollars compared to 14 trillion for the United States.
Based on a more controversial purchasing power parity (PPP) measure used by the World Bank and others to correct low labor-cost distortions, he said China's GDP is roughly half of that of the United States.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Chuck Colson, Prison Fellowship
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Tom DeLay, Former House Majority Leader, United States House of Representatives
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
Paul "Dave" Gaubatz, Owner-Director, Wahhabi CT Publications
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Rick Green, President, Torch of Freedom Foundation
Colin Hanna, Colin Hanna, President, Let Freedom Ring
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Dr. Janice Hollis, Bishop, Progressive Believers Ministries
Larry Hunter, President, The Social Security Institute
Bishop Harry R. Jackson, Senior Pastor, Hope Christian Church
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Cliff Kincaid, President, America's Survival, Inc.
Gary Marx, Executive Director, Judicial Confirmation Network
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
7/8/2008 | Economy
Yahoo Finance
WASHINGTON (AP) -- In an effort to prevent a repeat of the current mortgage mess, Federal Reserve chairman Ben Bernanke says the Fed next week will issue new rules aimed at protecting future homebuyers from dubious lending practices. Bernanke also says the Fed may give squeezed Wall Street firms more time to tap the central bank's emergency loan program.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
7/3/2008 | Economy, Foreign Policy, Oil and Gas
New York Times
THEY are the nightmares, the worst confluence of misguided decisions and startling violence, that politicians and oil executives ponder briefly and then shoo away:
That sympathizers of Osama bin Laden sink three oil tankers in the Strait of Hormuz and choke off the narrow, bow-shaped channel that funnels 14 million barrels a day from the Persian Gulf to the rest of the world. That the United States attacks Iraq, and Israel launches a huge strike against the Palestinians, driving them from their camps and staking out more land -- all of which spurs the Persian Gulf states to cut off oil for the West. Or perhaps that a popular uprising, led by sympathizers of Mr. bin Laden, topples the ruling Saud family in Saudi Arabia, by far the world's largest oil producer.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Tom DeLay, Former House Majority Leader, United States House of Representatives
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
Paul "Dave" Gaubatz, Owner-Director, Wahhabi CT Publications
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Cliff Kincaid, President, America's Survival, Inc.
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
7/3/2008 | Economy, Oil and Gas
CNS News.Com
(CNSNews.com) - As the price of oil continues to rise, some are turning to God and prayer for an answer to their financial troubles.
The Pray at the Pump Movement, founded by Rocky Twyman, has been holding prayer vigils at gas stations across the country. On Monday, Twyman decided to take his movement from Exxon and Shell stations straight to the steps of the Embassy of Saudi Arabia in Washington, D.C., hoping to encourage the oil-rich country to raise the amount of barrels they release each day from 200,000 to 1.2 million.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
7/1/2008 | Economy, Presidential Issues
The Philadelphia Inquirer
Sen. John McCain acknowledged yesterday that it would be difficult for him to carry Democratic-trending Pennsylvania this fall, but the presumptive Republican presidential nominee said he was confident he could do so by convincing voters he can right the economy.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Chuck Colson, Prison Fellowship
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Tom DeLay, Former House Majority Leader, United States House of Representatives
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Rick Green, President, Torch of Freedom Foundation
Colin Hanna, Colin Hanna, President, Let Freedom Ring
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Dr. Janice Hollis, Bishop, Progressive Believers Ministries
Larry Hunter, President, The Social Security Institute
Bishop Harry R. Jackson, Senior Pastor, Hope Christian Church
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Gary Marx, Executive Director, Judicial Confirmation Network
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
6/30/2008 | Economy, Freedom of Speech
Yahoo News
NEW YORK (AP) -- Even for an industry awash in bad news, the newspaper business went through one of its most severe retrenchments in recent memory last week.
Half a dozen newspapers said they would slash payrolls, one said it would outsource all its printing, and Tribune Co., one of the biggest publishers in the country, said it might sell its iconic headquarters tower in Chicago and the building that houses the Los Angeles Times.
The increasingly rapid and broad decline in the newspaper business in recent months has surprised even the most pessimistic financial analysts, many of whom say it's too hard to tell how far the slump will go.
Recommended Guests:
Karin Agness, Founder and President, Network of enlightened Women (NeW)
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Rev. Clenard Childress, Jr., Assistant Director, Life Education and Resource Network
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Tom DeLay, Former House Majority Leader, United States House of Representatives
Len Deo, President, New Jersey Family Policy Council
William Devlin, National President, Redeem The Vote
Chuck Donovan, Senior Research Fellow-DeVos Center for Religion a, The Heritage Foundation
Jessica Echard, Executive Director, Eagle Forum
Tim G. Echols, President/Founder, TeenPact
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Steve Elliott, President, Grassfire.org
Joseph Farah, CEO, Founder, WorldNetDaily
Todd Friel, Radio Host, Way of the Master
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Rick Green, President, Torch of Freedom Foundation
Colin Hanna, Colin Hanna, President, Let Freedom Ring
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Bishop Harry R. Jackson, Senior Pastor, Hope Christian Church
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Peter Lillback, President, Westminster Theological Seminary
Gary Marx, Executive Director, Judicial Confirmation Network
Ryan Messmore, William E. Simon fellow in Religion and a Free Soc, The Heritage Foundation
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Jesse Lee Peterson, Founder and President, Brotherhood Organization of a New Destiny
Phyllis Schlafly, President and Founder, Eagle Forum
Don Shenk, Executive Director, The Tide
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
Lorianne Updike, President & Executive Director, The Constitutional Sources Project
Timothy Watkins, Producer/Director, Renegade Productions
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res