Patriot Update - A Free Press for the Conservative Revolution

Economics:

Leading economic indicators rise again in Sept.

A private forecast of economic activity rose for the sixth straight month in September, a sign the economy will keep growing next year.

Source: http://apnews.myway.com/article/20091022/D9BG6CUO0.html

Economics:

Christian Socialism and Violence

Socialism means the denial of private property to a great or even total degree. It means the use of State power—violence inherent in the power of the sword and gun—to redistribute property according to the dictates of some officer or committee of officers. Violence is therefore inherent in socialism. Why some Christians see this as a means of fulfilling God’s will defies reason (and revelation).

Source: http://www.americanvision.org/article/christian-socialism-an...

Economics:

Dollar loses reserve status to yen & euro

Ben Bernanke's dollar crisis went into a wider mode yesterday as the greenback was shockingly upstaged by the euro and yen, both of which can lay claim to the world title as the currency favored by central banks as their reserve currency.

Source: http://www.nypost.com/p/news/business/dollar_loses_reserve_s...

Economics:

McConnell: Democrats Have Secret, Trillion-Dollar Bill

U.S. Senate Republican Leader Mitch McConnell made the following statement Tuesday regarding the Finance Committee vote on partisan health care reform

Source: http://www.newsmax.com/insidecover/McConnell_Snowe_Health/20...

Economics:

Top Economist Says Unemployment Could Peak at 10.5 Percent

Mark Zandi warns on "FOX News Sunday" that the recovery will continue to be "halting" and "fragile," backing up estimates from other economists that show unemployment peaking next summer and hovering above 8 percent four years down the road.

Source: http://www.foxnews.com/politics/2009/10/11/economist-says-un...

Economics:

Is Socialism Biblical?

A reader recently sent us an email regarding socialism and the Bible. His friend, he says, contends that socialism is biblical. I hear this all the time. Having just completed the manuscript for my refutation of some modern Christian Socialists—Ronald Sider, Tony Campolo, and Jim Wallis—I felt the unction to reply to this claim. The email reads thusly:

Source: ...

Economics:

CBO: Budget deficit hit record 1.4T in 2009

The federal budget deficit tripled to a record $1.4 trillion for the 2009 fiscal year that ended last week, congressional analysts said Wednesday.

Source: http://news.yahoo.com/s/ap/20091007/ap_on_go_co/us_budget_de...

Economics:

Inevitable: Chicago pols blame Bush for Olympics loss

Makes sense. What better way for the international community to express its contempt for Bush’s policies than by … publicly humiliating the guy who got elected by repudiating him?

Source: http://hotair.com/archives/2009/10/04/inevitable-chicago-pol...

Economics:

U.N. Nuclear Watchdog Sees Turning Point in Iran Talks

The head of the U.N. nuclear watchdog said Sunday there is a "shifting of gears" in Iran's confrontation with the West to more cooperation and transparency and he announced that international inspectors would visit Tehran's newly revealed uranium enrichment site on Oct. 25.

Source: http://www.foxnews.com/story/0,2933,559781,00.html