Wild Week On Wall Street!
18/07/08 17:52
The Dow Jones Industrial Average was all over the board this week in wild trading amid speculation and rumors. At one point the stock market closed below 11,000, a low point the market had not seen in over two years. More rumors surrounding financial institutions made for a jittery market. The FBI has begun an investigation into troubled lender IndyMac, for mortgage fraud. A formal investigation has also been launched into Wachovia Securites practices. The commodities market has finally seen some relief with the price of oil futures dropping heavily this week. Crude fell sharply and ended up at $128.88 today at the close of the trading day. Some analysts are predicting the bubble may have burst on the price of oil. Read the story here.
Tensions between Iran and the west appear to be easing as the US has agreed to attend talks to address Iran’s Nuclear Program. Iran has also reacted positively to re-establishing diplomatic ties with the US and having a diplomatic office in Tehran. While not an establishment of full diplomatic ties, the move is still seen as a breakthrough. The policy in Washington up until this point, was that no talks would take place as long as the Iranian uranium enrichment activity was taking place. Read the story here.
A homosexual has filed a lawsuit against publishers Zondervan and Thomas Nelson citing that their versions of the bible have violated his constitutional rights and caused him emotional distress. The suit which seeks $70 million in damages, claims the publishers manipulated the use of the word “homosexual” in scripture. The suit further claims that the gay man has become an outcast from his family, due to his family’s pastor citing the word “homosexual” from the King James Version of the bible. Christianity and christians are increasingly coming under attack for their views and beliefs, by radical homosexuals who want their lifestyles to be accepted and regarded as normal. Read the story here.
Until next time...
Tensions between Iran and the west appear to be easing as the US has agreed to attend talks to address Iran’s Nuclear Program. Iran has also reacted positively to re-establishing diplomatic ties with the US and having a diplomatic office in Tehran. While not an establishment of full diplomatic ties, the move is still seen as a breakthrough. The policy in Washington up until this point, was that no talks would take place as long as the Iranian uranium enrichment activity was taking place. Read the story here.
A homosexual has filed a lawsuit against publishers Zondervan and Thomas Nelson citing that their versions of the bible have violated his constitutional rights and caused him emotional distress. The suit which seeks $70 million in damages, claims the publishers manipulated the use of the word “homosexual” in scripture. The suit further claims that the gay man has become an outcast from his family, due to his family’s pastor citing the word “homosexual” from the King James Version of the bible. Christianity and christians are increasingly coming under attack for their views and beliefs, by radical homosexuals who want their lifestyles to be accepted and regarded as normal. Read the story here.
Until next time...