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Why raising interest rates isn't as easy as it sounds

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© Andrew Harrer/Bloomberg/Getty Images     December is here, and you know what that means. No, not just winter and shopping and “Star Wars” and Santa Claus. This year, December likely also means a long-awaited interest rate hike. It is widely expected that the Federal Reserve will raise rates at its policy meeting later this month, from a range of 0-to-0.25 percent to 0.25-to-0.50 percent. This, despite the small absolute change, is actually a pretty big deal. It would end the long experiment with rock bottom interest rates that started in 2008. And it would represent the first monetary policy tightening in nearly 10 years. Millions of Americans will be affected. Car loans will get more expensive. Mortgage rates will rise. Floating rates on credit cards and home equity loans will rise. Related: 10 Ways the Fed’s Looming Rate Hike Touches You But how, exactly, will Fed Chair Janet Yellen and her   cohorts actually increase the cost of credit? The simple ...

Daughters in Islam

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Allaah Almighty says (what means):  “To Allaah belongs the dominion of the heavens and the earth; He creates what He wills. He gives to whom He wills female [children], and He gives to whom He wills males. Or He makes them [both] males and females, and He renders whom He wills barren. Indeed, He is Knowing and Competent.” [Quran 49:50] Allaah is the One, based on His ultimate wisdom, who grants whomever He wills sons and daughters; He grants sons only to whomever He wills, and grants daughters only to whomever He wills, and if He so wills, He makes whomever He wills infertile. We notice in the above verse that the mention of daughters preceded that of sons, and the scholars   commented on this saying:  “This is to hearten daughters and encourage kindness towards them, because many fathers feel burdened by receiving a daughter. The common practice of the people during the pre-Islamic era was to hate receiving daughters, to the extent that they would bury them al...