Posted in Islam, banking, tagged bank, banking, Christian, Dubai, finance, interest, Islam, Jew, money, Muslim, usury on March 28, 2008 | No Comments »
Islamic banking refers to banking by the principles of Sharia, the holy law set out in the Qur’an. The Qur’an forbids the charging of interest in exchange for a loan or “riba”. In some cases, this was also the practice of the Catholic Church in post-Roman through medieval times. Modern banking systems are built around [...]
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The first new $5 bill was issued by the U.S. Federal Reserve today. Federal Reserve banks will begin distributing the redesigned $5 bills to customer banks, which will then distribute them to businesses and consumers.
the interactive $5 bill
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Posted in civil rights, information, politics, technology, terrorism, tagged agency, bank, congress, credit bureau, FBI, government, judge, Mueller, national security letter, Senate on March 6, 2008 | 1 Comment »
The FBI acknowledged it improperly accessed Americans’ telephone records, credit reports and Internet traffic in 2006, the fourth straight year of privacy abuses resulting from investigations aimed at tracking terrorists and spies.
The invasion of privacy occurred before sweeping “new reforms” were implemented in 2007. FBI Director Robert Mueller pointed at banks, telecommunication companies and other [...]
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Posted in banking, business, economy, government, jobs, politics, tagged Afghanistan, bank, dollar, federal reserve, inflation, Iraq, liquidity, mortgage, stagflation, Stiglitz, stimulus, war on March 4, 2008 | 1 Comment »
The United States economy has steadily lost steam and appears to be stalled. Prices have shot upwards at the fastest pace in thirty years. Energy prices further threaten the equilibrium of an already shaky national platform along with unprecedented spending on the Iraq and Afghanistan fronts.
The Fed doesn’t readily admit it, but the United States [...]
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Posted in banking, business, commentary, economy, government, jobs, tagged bank, bond, confidence, credit, fear, federal reserve, finance, government, hysteria, insure, invest, investment, money, politics, psychology, subprime, us-news on February 16, 2008 | No Comments »
Link to Article
“Busted: Bankers and the Digital Economy”
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Posted in banking, business, economy, tagged bank, borrowed reserve, federal reserve, fractional reserve, funding, liquidity, loan, money, reserve, statistics on January 30, 2008 | 1 Comment »
During periods of credit-tightening in financial and commercial banking operations, commercial banking members or depositors often need to borrow funds to meet reserve requirements based on the fractional reserve in order to continue to operate.
Borrowed reserves show as a negative number in financial reports of the Federal Reserve. Borrowed reserve statistics measure the degree that [...]
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Posted in banking, business, retail, technology, tagged addiction, America, atm, bank, convenience, credit, customer, fees, finance, late, money, overdraft, us-news on January 29, 2008 | No Comments »
Overdraft fees have increased. ATM fees are up. Credit card rates are expected to rise, followed by late fees as the market tightens. ABC News 1/27/08 “Today, customers want more than a bank. They want a financial ally who makes itself available to them on their terms.” This is how a bank in India paints [...]
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Posted in banking, business, economy, tagged bank, central banking, economy, federal reserve, global, money, MSNBC, newsvine, opinion, world on January 28, 2008 | 1 Comment »
To read this groundbreaking news article and opinion, check out the link above at MSNBC Newsvine or visit “Busted: Bankers and the Digital Economy”.
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Posted in business, capitalism, commentary, economy, tagged bank, crisis, economy, federal reserve, government, money, mortgage, stimulus on January 25, 2008 | No Comments »
I recommend that you have a look at the new video “The Rise of the Federal Reserve”. In five short minutes, you get an informative snapshot of the origins of the Federal Reserve Bank in the U.S. If you don’t know what the Federal Reserve Bank is, it is important that you know. Your new [...]
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Posted in Islam, banking, tagged bank, banking, capital, influence, interest, Islam, Islamic, Muslim, nation, power, profit, religious, reward, risk, trust, United Nations, usury on January 24, 2008 | No Comments »
“As traditional Western bankers count the cost of a reckless lending spree, Islamic banking — which complies with Islam’s law banning the receipt of interest — is surging. Estimated by some experts to be growing by about 15 percent a year, the sector has been forecast by management consultants McKinsey & Co to reach $1 [...]
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