Word: stockings
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...acts based on his wisdom." Says Martin: "If you imagine that God is like a cosmic gum-ball machine, you have to start rethinking your image of God. The help may not come as quickly or in the exact way that you want it. If you pray that your stock goes back up and it doesn't, it doesn't mean that God is not hearing you; it may mean that your prayer is not being answered in the way that you want it to be answered." He adds that "it's important to be aware of unexpected ways...
...News of plans by the U.S. and European governments to inject cash into troubled banks helped propel stock markets worldwide to record gains Monday and Tuesday. For the first time in weeks investors dared to hope that the financial meltdown may be abating. But budding optimism in Europe and the U.S. may not travel far. Emerging countries lacking the financial muscle to prop up their economies still face troubles ranging from slowing trade to food shortages. "In many developing countries, the most urgent crisis is not what is happening in financial markets but what has happened in commodity markets," says...
Reflecting the Rooseveltian view that "we have nothing to fear but fear itself," global stock markets rallied Tuesday for the second straight day, amid a flurry of government moves to prevent rocked financial and banking systems from collapsing. Less than a day after European leaders revealed a collective commitment of more than $1 trillion in capital injections and interbank loan guarantees, a 14% bound by Tokyo's Nikkei index led surges across Asia. Bourses in Europe also opened with renewed gains ahead of Wall Street's 3.8% opening spurt. Yet the burst of renewed confidence inspired sober observers to take...
...powerful move: the U.S. is putting the strength of the Treasury and the wealth of the American people behind the U.S. banking system. It is literally powerful too: Treasury is about to release the financial equivalent of a high-pressure water hose to lubricate the stagnant banking system. World stock markets responded positively to news of the deal...
...raise private capital to buy back the shares from the government. Private investors can get the same terms as the government, but not better terms, according to a Treasury official. It's not clear how eager private investors will be to jump in. And in theory, if the banks' stock prices rise, the taxpayer would benefit as the government is bought...