August 31: Risk

August 31
Risk

665.
You can’t fatten the pig on market day.
~John Howard

666.
There are those who are so scrupulously afraid of doing wrong that they seldom venture to do anything.
~Vauvenargues (1715–1747), French writer and moralist

667.
One cannot refuse to eat just because there is a chance of being choked.
~Chinese Proverb

 

(From 1001 Quotations: Money Matters by Day Williams, available on amazon.com)

August 31: Economy

August 31

Economy
662.
During the good years that are coming, they should collect all such food and store the grain under Pharaoh’s control, protecting the food in the cities.
–Genesis 41:35

663.
All of you who are thirsty,
come to the water!
Whoever has no money,
come, buy food and eat!
Without money, at no cost,
buy wine and milk!
Why spend money for what isn’t food,
and your earnings
for what doesn’t satisfy?
Listen carefully to me
and eat what is good;
enjoy the richest of feasts.
–Isaiah 55:1, 2

664.
Peter said, “I don’t have any money, but I will give you what I do have. In the name of Jesus Christ the Nazarene, rise up and walk!”
–Acts 3:6

(From 1001 Quotations: Bible Passages by Day Williams, available on amazon.com)

August 30: Work

August 30
Work

662.
The bank hath benefit of interest on all moneys which it creates out of nothing.
~William Paterson, founder of the Bank of England, 1694.

663.
Prepare your work outside; get everything ready for yourself in the field, and after that build your house.
~Proverbs 24:27 (ESV)

664.
So we built the wall and the whole wall was joined together to half its height, for the people had a mind to work.
~Nehemiah 4:6

 

(From 1001 Quotations: Money Matters by Day Williams, available on amazon.com)

God Bless America

While the storm clouds gather far across the sea,
Let us swear allegiance to a land that’s free,
Let us all be grateful for a land so fair,
As we raise our voices in a solemn prayer.
God bless America,
Land that I love.
Stand beside her, and guide her
Through the night with a light from above.
From the mountains, to the prairies,
To the oceans, white with foam
God bless America, My home sweet home
God bless America, My home sweet home.

~Irving Berlin

Thomas Jefferson Quotations (from We the People by Day Williams)

Thomas Jefferson

A Bill of Rights is what the people are entitled to against every government, and what no just government should refuse, or rest on inference.
−Thomas Jefferson

An injured friend is the bitterest of foes.
−Thomas Jefferson

As our enemies have found we can reason like men, so now let us show them we can fight like men also.
−Thomas Jefferson

Be polite to all, but intimate with few.
−Thomas Jefferson

Bodily decay is gloomy in prospect, but of all human contemplations the most abhorrent is body without mind.
−Thomas Jefferson

Books constitute capital. A library book lasts as long as a house, for hundreds of years. It is not, then, an article of mere consumption but fairly of capital, and often in the case of professional men, setting out in life, it is their only capital.
−Thomas Jefferson

But friendship is precious, not only in the shade, but in the sunshine of life, and thanks to a benevolent arrangement the greater part of life is sunshine.
−Thomas Jefferson

Commerce with all nations, alliance with none, should be our motto.
−Thomas Jefferson

Conquest is not in our principles. It is inconsistent with our government.
−Thomas Jefferson

Delay is preferable to error.
−Thomas Jefferson

Dependence begets subservience and venality, suffocates the germ of virtue, and prepares fit tools for the designs of ambition.
−Thomas Jefferson

All tyranny needs to gain a foothold is for people of good conscience to remain silent.
−Thomas Jefferson

A coward is much more exposed to quarrels than a man of spirit.
−Thomas Jefferson

A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise and independence to the mind. Games played with the ball, and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be your constant companion of your walks.
−Thomas Jefferson

A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned – this is the sum of good government.
−Thomas Jefferson

An enemy generally says and believes what he wishes.
−Thomas Jefferson

Obama “will discard the weakest among us”


SBA List to launch Missouri ads against Obama on abortion

By ALEXANDER BURNS |

8/27/12 10:58 PM EDT

 

The conservative Susan B. Anthony List is poised to embark on a TV ad campaign challenging Barack Obama’s record on abortion, an official with the group tells POLITICO.

The initial ad is a $150,000 buy in Missouri, and shows a woman – Melissa Ohden – speaking to the camera about having been born alive in spite of an abortion procedure.

Abortion opponents have long decried Obama’s record in the Illinois legislature on regulating late-term abortions, but little money has been spent to advertise on the issue since he became president.

“Many children, more than you might think, actually survive failed abortions and are born alive. I know because I’m one of them,” Ohden says in the SBA List ad. “When he was in the Illinois state Senate, Barack Obama voted to deny basic constitutional protections for babies born alive from an abortion – not once, but four times.”

She concludes: “I know it’s by the grace of God I’m alive today, if only to ask America this question: is this the kind of leadership that will move us forward, that will discard the weakest among us? How will you answer?”

The SBA List describes the commercial as part of a campaign aimed at “Obama’s extremist record on abortion.” In a statement, SBA List president Marjorie Dannenfelser branded the president as outside the social mainstream.

His views, she said, “fly in the face of mainstream American views and run counter to the President’s first term pre-election talk of finding common ground. Recent polling reveals the majority of Americans support bans on these horrific practices.”

National Republicans have argued in recent days that it’s the economy and spending, more than issues such as abortion, that will tip the outcome of the 2012 election. And in the wake of the Todd Akin controversy, Democrats have zealously gone on the offensive against GOP lawmakers who favor restricting access to abortion.

Thanks to the SBA List, Democrats won’t be the only ones trying to gain the initiative in Missouri, where the presidential race isn’t competitive but the debate over abortion is likely at its national peak.

How Did Harry Reid Get So Rich?

 

 

Try this thought experiment. Imagine that someone grows up in poverty, works his way through law school by holding the night shift as a Capitol Hill policeman, and spends all but two years of his career as a public servant. Now imagine that this person’s current salary — and he’s at the top of his game — is $193,400. You probably wouldn’t expect him to have millions in stocks, bonds, and real estate.

But, surprise, he does, if he’s our Senate majority leader, whose net worth is between 3 and 10 million dollars, according to OpenSecrets.org. When Harry Reid entered the Nevada legislature in 1982, his net worth was listed as between $1 million and $1.5 million “or more,” according to the Las Vegas Review-Journal. So, since inquiring minds inquire, let’s try to figure out how Reid’s career in public service ended up being so lucrative. He hasn’t released his tax returns, which makes this an imperfect science, but looking at a few of his investments helps to show how he amassed his wealth.

In 2004, the senator made $700,000 off a land deal that was, to say the least, unorthodox. It started in 1998 when he bought a parcel of land with attorney Jay Brown, a close friend whose name has surfaced multiple times in organized-crime investigations and whom one retired FBI agent described as “always a person of interest.” Three years after the purchase, Reid transferred his portion of the property to Patrick Lane LLC, a holding company Brown controlled. But Reid kept putting the property on his financial disclosures, and when the company sold it in 2004, he profited from the deal — a deal on land that he didn’t technically own and that had nearly tripled in value in six years.

When his 2010 challenger Sharron Angle asked him in a debate how he had become so wealthy, he said, “I did a very good job investing.” Did he ever. On December 20, 2005, he invested $50,000 to $100,000 in the Dow Jones U.S. Energy Sector Fund (IYE), which closed that day at $29.15. The companies whose shares it held included ExxonMobil, ChevronTexaco, and ConocoPhillips. When he made a partial sale of his shareson August 19, 2008, during congressional recess, IYE closed at $41.82. Just a month later, on September 17, Reid was working to bring to the floor a bill that the Joint Committee on Taxation said would cost oil companies — including those in the fund — billions of dollars in taxes and regulatory fees. The bill passed a few days later, and by October 10, IYE’s shares had fallen by 42 percent, to $24.41, for a host of reasons. Savvy investing indeed.

Here’s another example: The Los Angeles Times reported in November 2006 that when Reid became Senate majority leader he committed to making earmark reform a priority, saying he’d work to keep congressmen from using federal dollars for pet projects in their districts. It was a good idea but an odd one for the senator to espouse. He had managed to get $18 million set aside to build a bridge across the Colorado River between Laughlin, Nev., and Bullhead City, Ariz., a project that wasn’t a priority for either state’s transportation agency. His ownership of 160 acres of land nearby that stood to appreciate considerably from the project had nothing to do with the decision, according to one of his aides. The property’s value has varied since then. On his financial-disclosure forms from 2006, it was valued at $250,000 to $500,000. Open Secrets now lists it as his most valuable asset, worth $1 million to $5 million as of 2010.

How Reid acquired that land is interesting, too. He put $10,000 into a pension fund his friend Clair Haycock controlled, to take over the 160-acre parcel at a price far below its assessed value. Six months later, Reid introduced legislation that would help Haycock’s industry, a move many observers said appeared to be a quid pro quo, though Reid and Haycock denied that the legislation was the result of a property deal.

We don’t know how much more money Reid has or how he made all of it. For that, we’d have to see his tax returns.

— Betsy Woodruff is a William F. Buckley Fellow at the National Review Institute.

s career as a public servant. Now imagine that this person’s current salary — and he’s at the top of his game — is $193,400. You probably wouldn’t expect him to have millions in stocks, bonds, and real estate.

But, surprise, he does, if he’s our Senate majority leader, whose net worth is between 3 and 10 million dollars, according to OpenSecrets.org. When Harry Reid entered the Nevada legislature in 1982, his net worth was listed as between $1 million and $1.5 million “or more,” according to the Las Vegas Review-Journal. So, since inquiring minds inquire, let’s try to figure out how Reid’s career in public service ended up being so lucrative. He hasn’t released his tax returns, which makes this an imperfect science, but looking at a few of his investments helps to show how he amassed his wealth.

In 2004, the senator made $700,000 off a land deal that was, to say the least, unorthodox. It started in 1998 when he bought a parcel of land with attorney Jay Brown, a close friend whose name has surfaced multiple times in organized-crime investigations and whom one retired FBI agent described as “always a person of interest.” Three years after the purchase, Reid transferred his portion of the property to Patrick Lane LLC, a holding company Brown controlled. But Reid kept putting the property on his financial disclosures, and when the company sold it in 2004, he profited from the deal — a deal on land that he didn’t technically own and that had nearly tripled in value in six years.

When his 2010 challenger Sharron Angle asked him in a debate how he had become so wealthy, he said, “I did a very good job investing.” Did he ever. On December 20, 2005, he invested $50,000 to $100,000 in the Dow Jones U.S. Energy Sector Fund (IYE), which closed that day at $29.15. The companies whose shares it held included ExxonMobil, ChevronTexaco, and ConocoPhillips. When he made a partial sale of his shareson August 19, 2008, during congressional recess, IYE closed at $41.82. Just a month later, on September 17, Reid was working to bring to the floor a bill that the Joint Committee on Taxation said would cost oil companies — including those in the fund — billions of dollars in taxes and regulatory fees. The bill passed a few days later, and by October 10, IYE’s shares had fallen by 42 percent, to $24.41, for a host of reasons. Savvy investing indeed.

Here’s another example: The Los Angeles Times reported in November 2006 that when Reid became Senate majority leader he committed to making earmark reform a priority, saying he’d work to keep congressmen from using federal dollars for pet projects in their districts. It was a good idea but an odd one for the senator to espouse. He had managed to get $18 million set aside to build a bridge across the Colorado River between Laughlin, Nev., and Bullhead City, Ariz., a project that wasn’t a priority for either state’s transportation agency. His ownership of 160 acres of land nearby that stood to appreciate considerably from the project had nothing to do with the decision, according to one of his aides. The property’s value has varied since then. On his financial-disclosure forms from 2006, it was valued at $250,000 to $500,000. Open Secrets now lists it as his most valuable asset, worth $1 million to $5 million as of 2010.

How Reid acquired that land is interesting, too. He put $10,000 into a pension fund his friend Clair Haycock controlled, to take over the 160-acre parcel at a price far below its assessed value. Six months later, Reid introduced legislation that would help Haycock’s industry, a move many observers said appeared to be a quid pro quo, though Reid and Haycock denied that the legislation was the result of a property deal.

We don’t know how much more money Reid has or how he made all of it. For that, we’d have to see his tax returns.

— Betsy Woodruff is a William F. Buckley Fellow at the National Review Institute.

How Did Harry Reid Get So Rich?

 

AUGUST 15, 2012 4:00 A.M.

How Did Harry Reid Get Rich?
His career in public service has ended up being remarkably lucrative.By Betsy Woodruff

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Try this thought experiment. Imagine that someone grows up in poverty, works his way through law school by holding the night shift as a Capitol Hill policeman, and spends all but two years of his career as a public servant. Now imagine that this person’s current salary — and he’s at the top of his game — is $193,400. You probably wouldn’t expect him to have millions in stocks, bonds, and real estate.

But, surprise, he does, if he’s our Senate majority leader, whose net worth is between 3 and 10 million dollars, according to OpenSecrets.org. When Harry Reid entered the Nevada legislature in 1982, his net worth was listed as between $1 million and $1.5 million “or more,” according to the Las Vegas Review-Journal. So, since inquiring minds inquire, let’s try to figure out how Reid’s career in public service ended up being so lucrative. He hasn’t released his tax returns, which makes this an imperfect science, but looking at a few of his investments helps to show how he amassed his wealth.

In 2004, the senator made $700,000 off a land deal that was, to say the least, unorthodox. It started in 1998 when he bought a parcel of land with attorney Jay Brown, a close friend whose name has surfaced multiple times in organized-crime investigations and whom one retired FBI agent described as “always a person of interest.” Three years after the purchase, Reid transferred his portion of the property to Patrick Lane LLC, a holding company Brown controlled. But Reid kept putting the property on his financial disclosures, and when the company sold it in 2004, he profited from the deal — a deal on land that he didn’t technically own and that had nearly tripled in value in six years.

 

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When his 2010 challenger Sharron Angleasked him in a debate how he had become so wealthy, he said, “I did a very good job investing.” Did he ever. On December 20, 2005, he invested $50,000 to $100,000 in the Dow Jones U.S. Energy Sector Fund (IYE), which closed that day at $29.15. The companies whose shares it held included ExxonMobil, ChevronTexaco, and ConocoPhillips. When he made a partial sale of his shareson August 19, 2008, during congressional recess, IYE closed at $41.82. Just a month later, on September 17, Reid was working to bring to the floor a bill that the Joint Committee on Taxation said would cost oil companies — including those in the fund — billions of dollars in taxes and regulatory fees. The bill passed a few days later, and by October 10, IYE’s shares had fallen by 42 percent, to $24.41, for a host of reasons. Savvy investing indeed. 

Here’s another example: The Los Angeles Times reported in November 2006 that when Reid became Senate majority leader he committed to making earmark reform a priority, saying he’d work to keep congressmen from using federal dollars for pet projects in their districts. It was a good idea but an odd one for the senator to espouse. He had managed to get $18 million set aside to build a bridge across the Colorado River between Laughlin, Nev., and Bullhead City, Ariz., a project that wasn’t a priority for either state’s transportation agency. His ownership of 160 acres of land nearby that stood to appreciate considerably from the project had nothing to do with the decision, according to one of his aides. The property’s value has varied since then. On his financial-disclosure forms from 2006, it was valued at $250,000 to $500,000. Open Secrets now lists it as his most valuable asset, worth $1 million to $5 million as of 2010.

How Reid acquired that land is interesting, too. He put $10,000 into a pension fund his friend Clair Haycock controlled, to take over the 160-acre parcel at a price far below its assessed value. Six months later, Reid introduced legislation that would help Haycock’s industry, a move many observers said appeared to be a quid pro quo, though Reid and Haycock denied that the legislation was the result of a property deal.

We don’t know how much more money Reid has or how he made all of it. For that, we’d have to see his tax returns.

— Betsy Woodruff is a William F. Buckley Fellow at the National Review Institute.

s career as a public servant. Now imagine that this person’s current salary — and he’s at the top of his game — is $193,400. You probably wouldn’t expect him to have millions in stocks, bonds, and real estate.

But, surprise, he does, if he’s our Senate majority leader, whose net worth is between 3 and 10 million dollars, according to OpenSecrets.org. When Harry Reid entered the Nevada legislature in 1982, his net worth was listed as between $1 million and $1.5 million “or more,” according to the Las Vegas Review-Journal. So, since inquiring minds inquire, let’s try to figure out how Reid’s career in public service ended up being so lucrative. He hasn’t released his tax returns, which makes this an imperfect science, but looking at a few of his investments helps to show how he amassed his wealth.

In 2004, the senator made $700,000 off a land deal that was, to say the least, unorthodox. It started in 1998 when he bought a parcel of land with attorney Jay Brown, a close friend whose name has surfaced multiple times in organized-crime investigations and whom one retired FBI agent described as “always a person of interest.” Three years after the purchase, Reid transferred his portion of the property to Patrick Lane LLC, a holding company Brown controlled. But Reid kept putting the property on his financial disclosures, and when the company sold it in 2004, he profited from the deal — a deal on land that he didn’t technically own and that had nearly tripled in value in six years.

When his 2010 challenger Sharron Angle asked him in a debate how he had become so wealthy, he said, “I did a very good job investing.” Did he ever. On December 20, 2005, he invested $50,000 to $100,000 in the Dow Jones U.S. Energy Sector Fund (IYE), which closed that day at $29.15. The companies whose shares it held included ExxonMobil, ChevronTexaco, and ConocoPhillips. When he made a partial sale of his shareson August 19, 2008, during congressional recess, IYE closed at $41.82. Just a month later, on September 17, Reid was working to bring to the floor a bill that the Joint Committee on Taxation said would cost oil companies — including those in the fund — billions of dollars in taxes and regulatory fees. The bill passed a few days later, and by October 10, IYE’s shares had fallen by 42 percent, to $24.41, for a host of reasons. Savvy investing indeed.

Here’s another example: The Los Angeles Times reported in November 2006 that when Reid became Senate majority leader he committed to making earmark reform a priority, saying he’d work to keep congressmen from using federal dollars for pet projects in their districts. It was a good idea but an odd one for the senator to espouse. He had managed to get $18 million set aside to build a bridge across the Colorado River between Laughlin, Nev., and Bullhead City, Ariz., a project that wasn’t a priority for either state’s transportation agency. His ownership of 160 acres of land nearby that stood to appreciate considerably from the project had nothing to do with the decision, according to one of his aides. The property’s value has varied since then. On his financial-disclosure forms from 2006, it was valued at $250,000 to $500,000. Open Secrets now lists it as his most valuable asset, worth $1 million to $5 million as of 2010.

How Reid acquired that land is interesting, too. He put $10,000 into a pension fund his friend Clair Haycock controlled, to take over the 160-acre parcel at a price far below its assessed value. Six months later, Reid introduced legislation that would help Haycock’s industry, a move many observers said appeared to be a quid pro quo, though Reid and Haycock denied that the legislation was the result of a property deal.

We don’t know how much more money Reid has or how he made all of it. For that, we’d have to see his tax returns.

— Betsy Woodruff is a William F. Buckley Fellow at the National Review Institute.

Seven Biblical Reasons Why Christians Should Support Israel

Seven Biblical Reasons
Why Christians Should Support Israel
By Pastor John Hagee
Everything Christians do should be based upon the Biblical text. Here are seven solid Bible reasons why Christians should support Israel.
1. Genesis 12:3 “And I will bless them that bless thee and curse him that curseth thee; and in thee shall all nations of the earth be blessed.” Point: God has promised to bless the man or nation that blesses the Chosen People. History has proven beyond reasonable doubt that the nations that have blessed the Jewish people have had the blessing of God; the nations that have cursed the Jewish people have experienced the curse of God.
2. St. Paul recorded in Romans 15:27 “For if the Gentiles have shared in their (the Jews)
spiritual things, they are indebted to minister to them also in material things.”
Christians owe a debt of eternal gratitude to the Jewish people for their contributions
that gave birth to the Christian faith. Jesus Christ, a prominent Rabbi from Nazareth said, “Salvation is of the Jews!” (St. John 4:22) consider what the Jewish people have given to Christianity:
a) The Sacred Scripture
b) The Prophets
c) The Patriarchs
d) Mary, Joseph, and Jesus Christ of Nazareth
e) The Twelve Disciples
f) The Apostles.
It is not possible to say, “I am a Christian” and not love the Jewish people. The Bible
teaches that love is not what you say, but what you do. (1 John 3:18) “A bell is not a bell
until you ring it, a song is not a song until you sing it, love is not love until you share it.”
3. While some Christians try to deny the connection between Jesus of Nazareth and the
Jews of the world, Jesus never denied his Jewishness. He was born Jewish, He was
circumcised on the eighth day in keeping with Jewish tradition, He had his Bar Mitzvah
on his 13th birthday, He kept the law of Moses, He wore the Prayer Shawl Moses
commanded all Jewish men to wear, and He died on a cross with an inscription over His head, “King of the Jews!”
Jesus considered the Jewish people His family. Jesus said (Matthew 25:40) “Verily I
say unto you, Inasmuch as you have done it unto one of the least of these my brethren
(the Jewish people . . . Gentiles were never called His brethren), ye have done it unto me.”
4. “Pray for the peace of Jerusalem, they shall prosper that love thee.” (Psalm 122:6) the scriptural principle of prosperity is tied to blessing Israel and the city of Jerusalem.

 

5. Why did Jesus Christ go to the house of Cornelius in Capernaum and heal his servant, who was ready to die? What logic did the Jewish elders use with Jesus to convince Him to come into the house of a Gentile and perform a miracle?

 The logic they used is recorded in Luke 7:5; “For He loveth our nation, and He hath built us a synagogue.” The message? This Gentile deserves the blessing of God because he loves our nation and has done something practical to bless the Jewish people.

6. Why did God the Father select the house of Cornelius in Caesarea (Acts Chapter 10) to be the first Gentile house in Israel to receive the Gospel? The answer is given repeatedly in Acts Chapter 10. 

Acts 10:2 states: “a devout man, (Cornelius) and one that feared God with all his house, which gave much alms to the people, and prayed to God always.” Who were the people to whom Cornelius gave these alms? They were the Jews! 

Again is Acts 10:4: “[T]hy prayers and thine alms are come up for a memorial before God.”
Again in Acts 10:31 “[A]nd thine alms are had in remembrance in the sight of God.”
The point is made three times in the same chapter. A godly Gentile who expressed his
unconditional love for the Jewish people in a practical manner was divinely selected by
heaven to be the first Gentile house to receive the Gospel and the first to receive the
outpouring of the Holy Spirit.
These combined Scriptures verify that PROSPERITY (Genesis 12:3 and Psalm 122:6),
HEALING (Luke 7:1-5) and the OUTPOURING OF THE HOLY SPIRIT came first to
Gentiles that blessed the Jewish people and the nation of Israel in a practical manner.
7. We support Israel because all other nations were created by an act of men, but Israel was created by an act of God. The Royal Land Grant that was given to Abraham and his seed through Isaac and Jacob with an everlasting and unconditional covenant.
(Genesis 12:1-3, 13:14-18, 15:1-21, 17:4-8, 22:15-18, 26:1-5 and Psalm 89:28-37.)