But with great lucidity, in June of 2005, Sir John penned a memorandum to friends and family that is uncanny and prophetic in its vision of what would happen to the U.S. and global economy.

The first two words — so pithy yet so powerful — are bolded and highlighted on his original document. They read, simply: “Financial Chaos.”

Recently, Sir John’s son, Dr. John Templeton, or “Jack” to his friends, shared with me the memo that has never seen public light.

As Jack relates, his father wanted the memo to be widely circulated. Unfortunately, it was not; instead it was discovered in a file cabinet only after Sir John’s passing.

Now, before you read Sir John’s memorandum below, let me share with you some background information, information that Sir John would have insisted you know.

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Addressing some 400 delegates at the opening of the Abu Dhabi Media Summit, Murdoch said his corporation had started out as a small Australian firm to become a US-based international company that employs 64,000 people.

"I have every confidence that Arab companies can do the same and more. I also believe that Abu Dhabi can lead the way."

Murdoch said News Corp would headquarter its Middle Eastern global online advertising operations in Abu Dhabi, and move a number of satellite television channels to the capital of the United Arab Emirates from Hong Kong.

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NEW YORK - Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees.

Rules set by the Federal Reserve that will ban banks from charging such fees, without first getting permission from the customer, are set to take effect July 1.

But Bank of America is going a step further than the regulations require. It will simply no longer allow debit card purchases to go through if there isn't enough money in the account.

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NEW YORK - Guns. Religion. Abortion. These are the no-win arguments that spoil family gatherings — and the stuff of retailers' nightmares.

Starbucks has found itself in the middle of just such an argument as its stores became forums for demonstrations by both pro-gun and gun-control advocates. All for a firearm policy that hasn't changed and is the same as most retailers': follow the local law. If it's legal to carry a firearm in town, it's allowed in the stores.

In recent months, the "open-carry" arm of the gun-rights movement, which advocates that gun owners carry visible weapons as they go about their daily business, have been exercising their rights. They've been proudly displaying their sidearms in public places, sometimes meeting up in groups.

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