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Showing posts with label CNNMoney. Show all posts
Showing posts with label CNNMoney. Show all posts

Thursday, June 2, 2011

Doomsday believer donates entire inheritance to Family Radio

KJV BibleImage by knowhimonline via FlickrAs depressing as this is. It only goes to show that if people who want to claim to be Christian and Love Christ with all their hearts, only makes sense to actually read the Bibles we are supposed to be reading. Stuff like this would not happen.  I find so many people who take a sentence here and there and only listen to a man telling them what to believe. Herald Camping does not know what he is talking about. He is what Jesus himself talked about being a false prophet. Many will come claiming that they know. Many will even say they are Christ. For those that want to believe. Please take the time and read your Bibles. Do not turn out like these people did.

http://money.cnn.com/2011/06/01/pf/doomsday_inheritance_donations/index.htm

NEW YORK (CNNMoney) -- When the world didn't end on May 21, many people who had given up their earthly possessions were left with nothing.
But one believer never lived to see the day. She left nearly her entire estate -- around $300,000 -- to the group behind the failed prediction, leaving some family members out in the cold.
Eileen Heuwetter was shocked to find out that her aunt left the majority of her estate to Family Radio, the group responsible for the doomsday warnings that the world would end on May 21. She and her sister were each left $25,000 from their aunt's estate. The rest is going to Family Radio.
The network of Christian radio stations based in Oakland, Ca., is almost entirely funded by donations. According to IRS filings, the group brought in $18 million in contributions in 2009 alone.
Heuwetter, the executor of the will, knew how much her aunt loved the radio station and admired its leader, Harold Camping, who is viewed as a prophet by many of his followers.
While other family members insisted it was crazy to let her aunt give all that money to a radio station, Heuwetter didn't initially contest the conditions of the will. She knew little about the Christian radio station, but knew her aunt, Doris Schmitt, found comfort in it.
Schmitt had lived a tough life, struggling with alcoholism and losing her two children to drug addictions before dying alone at 78 on May 2, 2010 in her small home in Queens, New York.
"This was not a woman who had anything. She literally had Family Radio on day and night -- she went to bed with it and woke up to it," said Heuwetter. "That was all she had."

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Sunday, January 23, 2011

Verizon challenges FCC Net neutrality rules - Jan. 20, 2011

Logo of the United States Federal Communicatio...Image via WikipediaBe sure to see link for the full story. We don't want to loose our Free Internet to anyone.
http://money.cnn.com/2011/01/20/technology/verizon_fcc/index.htm
By Laurie Segall, staff reporter

NEW YORK (CNNMoney) -- Verizon filed a legal appeal on Thursday challenging the Federal Communications Commission's authority to enforce the new Net neutrality rules it adopted last month.
"We believe this assertion of authority goes well beyond any authority provided by Congress, and creates uncertainty for the communications industry, innovators, investors and consumers," Verizon senior vice president and deputy general counsel Michael E. Glover said in a written statement

On December 21, the FCC's commissioners voted three-to-two to adopt so-called "Net neutrality" rules, which would give the agency regulatory power over Internet service providers. The agency's goal is to prevent Internet providers from blocking or "unreasonably discriminating" against Web content, services or applications.
But the FCC's legal grounds for expanding its authority is shaky, and industry observers predicted that Internet providers would take the issue to court.
"Undoubtedly, there's going to be litigation against it," Rebecca Tushnet, a professor at Georgetown University who specializes in digital media, said at the time.
Enter Verizon (VZ, Fortune 500). The company was already in the thick of the Net neutrality fight after striking a backroom deal with Google (GOOG, Fortune 500) last year that it hoped would head off new FCC rules. It didn't.
The FCC has been through the legal wringer several times in its attempts to police Internet providers.
In 2007, Comcast -- the nation's largest Internet provider -- blocked its subscribers from using peer-to-peer file-sharing networks. The FCC tried to force Comcast to stop, and Comcast fought back with a lawsuit challenging the FCC's authority in the matter. In April 2010, a U.S. court of appeals ruled in Comcast's favor.
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