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Bank on this: Bank failures will rise in next year
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By MICHAEL LIEDTKE, AP Business WriterSun Oct 5, 10:35 PM ET Here’s a safe bet for uncertain times: A lot of banks won’t survive the next year of upheaval despite the U.S. government’s $700 billion plan to restore order to the financial industry. The biggest question is how many will perish and how they will…
World markets fall as US bailout seen taking time
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By TOMOKO A. HOSAKA World stock markets tumbled Monday as investors reacted coolly to Washington’s $700 billion bank bailout deal, recognizing that cleaning up the bad debt mess will take a long time and likely drag on global economic growth for the foreseeable future. Anxiety about spreading fallout from the U.S. financial meltdown grew on…
Main Street turns against Wall Street
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A populist backlash is changing America’s political climate. Inflamed by the financial crisis and bailouts, a form of class warfare could haunt business leaders for years to come. By Nina Easton, Washington bureau chief Last Updated: September 28, 2008: 11:03 AM ET NEW YORK (Fortune) — In one frenzied month Treasury Secretary Henry Paulson and…
Obama promises to ‘remake the world’
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By: Mike Allen July 24, 2008 04:04 PM EST Addressing more than 200,000 elated Europeans massed in Berlin at twilight, presumptive Democratic nominee Barack Obama promised Thursday that he would work to unite Christians, Muslims and Jews in a safer, more united world. His 27-minute speech at the gold-topped Victory Column was interrupted by applause…
Obama urges Europeans, Americans to defeat terror
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By DAVID ESPO and DAVID RISING Cheered by an enormous international crowd, Democratic presidential contender Barack Obama on Thursday summoned Europeans and Americans together to “defeat terror and dry up the well of extremism that supports it” as surely as they conquered communism a generation ago. Obama said he was speaking as a citizen, not…
Movement toward Neutrality in First Amendment Jurisprudence
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Prior to the mid-20th century, the U.S. Supreme Court considered very few cases involving the Establishment Clause of the First Amendment. By the 1970s, the Court had interpreted the Clause to prohibit government aid to religious organizations deemed to be “pervasively sectarian,” meaning that groups with strong religious orientation were prohibited from participating in otherwise…
Sabbath-Sunday Bill Survey Shows Support
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by Hillel Fendel (IsraelNN.com) MK Zevulun Orlev (NRP) has announced the findings of a poll showing 56% support amongst Israelis for his proposed legislation making Sunday a day of rest and allowing some public transportation and entertainment on the Sabbath. Orlev’s bill would change the official approach to Sabbath as the country’s day of rest. Though…
Gordon Brown 2007 New World Order Speech
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Australian flooding death toll rises
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BRISBANE, Australia, Jan. 23 (UPI) — Australian authorities were attempting Sunday to identify bodies found in flooded areas in the state of Queensland, the national broadcasting agency reported. Relentless rain and subsequent flooding has plagued Australia for weeks, moving south from the northeastern state of Queensland to the southern state of Victoria. In all, at…
Death toll from Brazil floods could top 1000
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Updated at 10:21pm on 23 January 2011 In Brazil, the death toll from floods and mudslides last week has reached 755 people. Soldiers and emergency workers are continuing to pull bodies from debris, after heavy rains sent an avalanche of mud, water and rocks through towns and villages in the southeast of the state. With…