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by?A.C. HotNews.ro

The current crisis on the financial markets can be considered the worst after the second World War, former FED head Alan Greenspan says in an editorial for Financial Times. Greenspan was the President of the US Federal Reserve (FED) from 1987 to 2006. In his article, Greenspan argues that the crisis will create a lot of victims among which the risk evaluation system.

In his opinion, the current risk and econometrics models are too simple to be able to take into account all variables governing the reality of the global economy.

At its turn, IMF head Dominique Strauss Kahn declared in Paris on Monday that Europe’s main priority is to limit the effects of the crisis. Strauss Kahn declared, quoted by AFP that Europe’s new mission is hard, considering that both inflation and recession are potential problems in European countries.

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“When the woman saw that the tree was good for food, and that it was a delight to the eyes, and that the tree was desirable to make one wise, she took from its fruit and ate; and she gave also to her husband with her, and he ate. Then the eyes of both of them were opened, and they knew that they were naked; and they sewed fig leaves together and made themselves loin coverings” (Genesis 3:6-7). From the very beginning our eyes have caused us to stumble and fall. In fact the Fall of mankind was accomplished by Satan using Eve’s eyes to look upon something that God had forbidden. This was not a casual glance, an inadvertent look, but an intense, thoughtful staring. Just glancing at something that happens to come into our field of vision will not harm us. No doubt Eve had seen the fruit of the Forbidden Tree many times before, but it was not until Satan directed her eyes to study the fruit that she succumbed to sin. Satan is using the same tactic today to destroy and enslave the human race. Read the rest of this entry »

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Dear Parents

If you expect your child to automatically develop a relationship with Jesus because of taking them to church, Sunday School, and the church youth group, you will very likely find that this does not occur. Read the rest of this entry »

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