Views, Visions and Values.

Friday, 24 August 2007

Britons now owe £1.3trillion debts

Metro Newspaper, Thursday 23rd August 2007.

Britons now owe £1.3trillion debts

Consumer debt has exceeded the amount of money generated by Britain's economy for the first time.

Britons owe £1.34trillion in mortgage and unsecured debt, a figure higher than the country's expected gross domestic product of £1.3trillion for this year.

Just a decade ago, the country generated enough money by August to cover its consumer debt.

Read More : @ http://www.metro.co.uk/

http://www.metro.co.uk/money/article.html?in_article_id=63173&in_page_id=36

Comment:

If we owe this amount, how long until we pay it pay off, or will the debt mountain continue to grow ?

Blair

Millions hit by Monster site hack

Millions hit by Monster site hack

Monster has released details of how the theft occurred. Jobs portal Monster.com has released more details about the severity of the attack on its site.

It said confidential details of more than 1.3 million people, mainly Americans, were stolen by malicious hackers who carried out the attack.

It said that servers in the Ukraine and hijacked home computers were used to mount the attack.

Monster said the information was stolen to lend credibility to e-mails sent out as part of a phishing campaign.

Today's Word from Joel and Victoria Osteen. " Trust Him"

Trust Him

Today's Scripture

“Trust in the LORD with all your heart, and do not lean on your own understanding. In all your ways acknowledge Him and He will make straight your paths” (Proverbs 3:5-6 ESV).

Today's Word from Joel and Victoria

Do you need God's direction in your life? Often times, the Lord will instruct your heart to do something that's just the opposite of what your natural mind thinks you should do. It doesn't make sense, but God's principals are very different from the world's principals. In the natural, it doesn't make sense that if you are in need, you should give to someone-you should sow a seed. But you can trust God's Word that says “what you sow, you shall reap.” You can trust that God's system is set up for your good. His system is set up to prosper you and not harm you. He wants to give you a future and a hope. As you step out and trust God and obey His word-even when you don't understand-He promises to direct your paths. He promises that your path will shine brighter and brighter every single day!

A Prayer for Today

Thank You, God, for directing my path today. Thank You for opening my heart to trust You today. Keep me close to You and teach me to hear Your voice so that I may please You all the days of my life. In Jesus' Name. Amen.

Joel Osteen Ministries, 3700 Southwest Freeway, Houston TX 77027
Copyright © 2007 by Joel Osteen Ministries

Credit jitters return to Markets, American Housing slump may spark a recession

Credit jitters return to markets

The losses followed several days of gains on world marketsAsian shares headed lower as global credit worries re-emerged ahead of key US homes sales figures later on Friday.

Meanwhile, comments from Countrywide Financial - America's biggest mortgage lender - that a housing slump may spark a recession also knocked sentiment.

In China, shares were also hit as three banks said they were more exposed than thought to the US sub-prime crisis.

World markets have been in turmoil recently amid fears of a possible credit crunch in the US.
In Japan, the benchmark Nikkei index closed 67.35 points lower at 16,248.97, while the Hong Kong Hang Seng was 184.58 points down at 22,782.39 in lunchtime trade.

Read More:-

http://news.bbc.co.uk/1/hi/business/6961602.stm

from the BBC News Website:

Comment:

Today, some analysts are saying that a Global Recession is possible, due to the knock effects of the American Sub Prime Crisis. I believe that we as Christians need to trust the Lord is these days, more than we trusted Him in the past:

Blessings

Blair

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