Rapture or Tribulation—Find out what the Bible really says in John’s New Book, The Manasseh Effect.
In embracing Hamas last week in direct defiance of the wishes of Congress and the President, ex-President Jimmy Carter raised the question of why he was granting precious prestige and credibility to an organization the U.S. government has designated a “foreign terrorist organization” since 1995.
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“A global economy requires a global currency.”
— Paul Volcker, former Chair of the US Federal Reserve.
NEW YORK (AP) - Gold futures briefly rose above $900 an ounce Friday for the first time as high oil prices, a weak dollar and fears of a U.S. recession led uneasy investors to keep buying the precious metal.
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$7.4 billion in pledges conditioned on PA reform program
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Central banks in Europe and North America moved Wednesday to increase the amount of money they could lend to banks and to make it more readily available in an attempt to ease the credit squeeze.
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TEHRAN (AFP)–Major crude producer Iran has completely stopped carrying out its oil transactions in dollars, Oil Minister Gholam Hossein Nozari said on Saturday, labeling the greenback an “unreliable” currency.
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Nov. 27 (Bloomberg) — Citigroup Inc., the biggest U.S. bank by assets, will receive a $7.5 billion cash infusion from Abu Dhabi to replenish capital after record mortgage losses wiped out almost half its market value.
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Nov. 12 (Bloomberg) — Losses from the falling value of subprime mortgage assets may reach $300 billion to $400 billion worldwide, Deutsche Bank AG analysts said
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Sub-prime crisis growing
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