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Showing posts from April 18, 2012

Deutsche Bank: Worst of Global Crisis Yet to Come as Rescue Cash Runs Out

Deutsche Bank: Worst of Global Crisis Yet to Come as Rescue Cash Runs Out

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Moneynews
Deutsche Bank: Worst of Global Crisis Yet to Come as Rescue Cash Runs Out
Wednesday, April 18, 2012 12:13 PM

By:

The worst may be yet to come in the global financial crisis as the central bank spending that kept defaults low runs out, according to Deutsche Bank AG.

Credit-default swap prices imply that four or more European nations may suffer so-called credit events such as having to restructure their debt, strategists led by Jim Reid and Nick Burns said in a note. The Markit iTraxx SovX Western Europe Index of contracts on 15 governments including Spain and Italy jumped 26 percent in the past month as the region’s crisis flared up.

“If these implied defaults come vaguely close to being realized then the next five years of corporate and financial defaults could easily be worse than the last five relatively calm years,” th…

Mormon Chronicle EXCLUSIVE! Never before available personal writings of Elder H. Verlan Andersen. (Church leader: Loss of freedoms is our fault )

Mormon Chronicle EXCLUSIVE! Never before available personal writings of Elder H. Verlan Andersen.

One reason the conservative movement has not succeeded in halting the trend toward the welfare state is lack of unity and lack of a definite philosophy. Although there have been an enormous number of people over the years who have spoken out strongly against each new program and each new innovation, somehow the opposition to centralized government has not been organized well enough to bring the trend to a halt.

I have wondered if it is because of a lack of certainty which I have observed among people. I have wondered if it is because we have been fighting delaying actions and making retreats instead of coming out boldly and positively in favor of a program of our own. I have wondered if our difficulty is because we do not have a definite program, a political philosophy to which we could subscribe whole-heartedly, one which we could explain to ourselves and to anyone else, one which was si…

4/6/12 Elder Ballard BYU-I Commencement Amazing Remarks

4/6/12 Elder Ballard BYU-I Commencement Amazing Remarks

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Brigham Young University-Idaho Commencement

April 6, 2012




Commencement Remarks

Elder M. Russell Ballard

Quorum of the Twelve Apostles





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On this day, April 6, the anniversary of the founding of the Church and, as revealed in scripture, of the birth of our Savior Jesus Christ, and on this day, the day of your graduation, it is a privilege to be with you.

I am honored to be invited to speak to you. I understand from a friend of mine that the longest commencement speech ever given was six hours at Harvard in the early 19th century. It was delivered in Latin, then Greek, and finally in English. The shortest was delivered by the late Nels Smith, former governor of Wyoming. When it came his turn to speak, he arose slowly from his chair, approached the podium, surveyed the rows a…