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(WSJ) Why Treasury Auctions Have Wall Street on Edge

The U.S. Treasury prefers its debt sales to be humdrum affairs. Lately, they are sparking fireworks in markets.

Scrutiny of Treasury auctions—whereby the government funds operations by selling the world’s safest bonds to big banks and dealers—has grown alongside their size. For years, many in Washington and on Wall Street assumed that investors would buy any number of bonds the government issued, no matter the fiscal outlook. Testing that assumption: the sale of $20.8 trillion of new Treasurys in the first 11 months of the year—set to surpass 2020’s record of just under $21 trillion.

Whether the market can absorb the rolling waves of debt without disruption is the biggest question on Wall Street ahead of this week’s planned Treasury auctions. A combined $108 billion of 3-year, 10-year and 30-year bonds hit the block Monday and Tuesday, along with $213 billion of shorter-term bills. The last 30-year auction was so poorly received that it rattled other parts of the markets. Investors fear that signs of weak demand might spread similar tumult, raise the cost of government borrowing and hurt the economy.

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Posted in * Economics, Politics, Economy, Stock Market

A Prayer for the Day from the Church of South India

Almighty God, who in many and various ways didst speak to thy chosen people by the prophets, and hast given us, in thy Son our Saviour Jesus Christ, the fulfillment of the hope of Israel: Hasten, we beseech thee, the coming of the day when all things shall be subject to him, who liveth and reigneth with thee and the Holy Spirit, ever one God, world without end.

Posted in Spirituality/Prayer

From the Daily Bible Readings

To thee, O Lord, I lift up my soul.
O my God, in thee I trust,
let me not be put to shame;
let not my enemies exult over me.
Yea, let none that wait for thee be put to shame;
let them be ashamed who are wantonly treacherous.

Make me to know thy ways, O Lord;
teach me thy paths.
Lead me in thy truth, and teach me,
for thou art the God of my salvation;
for thee I wait all the day long.

–Psalm 25:1-4

Posted in Theology: Scripture

Prayers for the Anglican Diocese of South Carolina This Day

Posted in * Anglican - Episcopal, * South Carolina, Parish Ministry, Spirituality/Prayer

A Prayer for the day from the ACNA Prayerbook

Blessed Lord, who caused all Holy Scriptures to be written for our learning: Grant us so to hear them, read, mark, learn, and inwardly digest them, that by patience and the comfort of your holy Word we may embrace and ever hold fast the blessed hope of everlasting life, which you have given us in our Savior Jesus Christ; who lives and reigns with you and the Holy Spirit, one God, for ever and ever.  Amen.

Posted in Advent, Spirituality/Prayer

From the Daily Bible Readings

Praise the Lord!
Praise the Lord from the heavens,
praise him in the heights!
Praise him, all his angels,
praise him, all his host!

Praise him, sun and moon,
praise him, all you shining stars!
Praise him, you highest heavens,
and you waters above the heavens!
Let them praise the name of the Lord!
For he commanded and they were created.
And he established them for ever and ever;
he fixed their bounds which cannot be passed.

–Psalm 148:1-3

Posted in Theology: Scripture

(FT) The west wavers on Ukraine

Ukraine’s president Volodymyr Zelenskyy was blunt when he addressed G7 leaders this week.

“Russia hopes only for one thing: that next year the free world’s consolidation will collapse. Russia believes that America and Europe will show weakness, and will not maintain support for Ukraine,” he said in a video call on Wednesday evening with his most important political allies.

“The free world vitally needs to . . . maintain support for those whose freedom is being attacked,” he said. “Ukraine has strength. And I ask you to be as strong as you can be.”

Zelenskyy’s plea is not mere rhetoric. Hours after he spoke, the US Senate rejected the White House’s latest bid to pass legislation authorising $60bn in financial support for Ukraine. Across the Atlantic, a European Commission proposal that would provide €50bn to prop up Kyiv’s budget for the next four years hangs in the balance ahead of a summit of EU leaders next week, following months of bickering between member states over how to fund it. 

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Posted in Foreign Relations, Military / Armed Forces, Politics in General, Russia, Ukraine

A Prayer for the Day from the Gelasian Sacramentary

Make us, we beseech thee, O Lord our God, watchful and heedful in awaiting the coming of thy Son Christ our Lord; that when he shall come and knock, he shall find us not sleeping in sin, but awake and rejoicing in his praises; through the same Jesus Christ our Lord.

Posted in Advent, Spirituality/Prayer

From the Morning Scripture Readings

Now I know that the LORD will help his anointed; he will answer him from his holy heaven with mighty victories by his right hand. Some boast of chariots, and some of horses; but we boast of the name of the LORD our God. They will collapse and fall; but we shall rise and stand upright. Give victory to the king, O LORD; answer us when we call.

–Psalm 20:6-9

Posted in Theology: Scripture

Martin Davie–Why Alternative Episcopal Oversight Is Needed In The Light Of The Synod Vote And The Forms Such Oversight Might Take

The situation the Church of England is now in.

The situation in which the Church of England finds itself as a result of the vote on the amended House of Bishops motion on Living in Love and Faith is a peculiar one.

In its official sources of doctrine, the Church of England maintains unchanged the traditional beliefs of the Christian Church as a whole, based on the teaching of the Bible:

a) That marriage is between two people of the opposite sex, that the sole legitimate place for sexual intercourse to take place is within marriage thus defined, and that any form of marriage or sexual activity outside these parameters is sinful.

b) That sinful activity needs to be addressed through repentance, absolution and amendment of life.

c) That those who are ordained ought to be living lives of visible holiness.

However, the result of November’s Synod vote is going to be that the House of Bishops will commend prayers of blessing for use in normal church services for those in same-sex marriages and/or sexually active same-sex relationships and with also authorise  experimental ‘standalone’ services to mark such marriages and relationships. This liturgical provision will not contain any call for those in such marriages and relationships to repent of them, to receive absolution and to amend their lives so that they are in conformity the Church’s teaching.

In addition, it seems almost certain that the House of Bishops will institute a change in the Church of England’s existing practice which will mean that those who are in same-sex marriages and/or same-sex sexual relationships will be permitted to be ordained. This will mean that lives of visible holiness in relation to marriage and sexual conduct will no longer be a pre-requisite for ordination.

The result of these changes will be that as a result of the action of the majority of the bishops the Church of England will be a Church that still upholds beliefs a, b and c above in terms of its official doctrine, but will have ceased to uphold them in its practice.

The question I want to address in the remainder of this paper is how conservative Christians in the Church of England who continue to uphold the traditional Christian beliefs listed above should relate to their bishops in this new situation.

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Posted in - Anglican: Analysis, Church of England (CoE), CoE Bishops, Same-sex blessings, Sexuality Debate (in Anglican Communion)

(Stat) In historic decision, FDA approves a CRISPR-based medicine for treatment of sickle cell disease

The Food and Drug Administration on Friday approved the world’s first medicine based on CRISPR gene-editing technology, a groundbreaking treatment for sickle cell disease that delivers a potential cure for people born with the chronic and life-shortening blood disorder.

The new medicine, called Casgevy, is made by Vertex Pharmaceuticals and CRISPR Therapeutics. Its authorization is a scientific triumph for the technology that can efficiently and precisely repair DNA mutations — ushering in a new era of genetic medicines for inherited diseases.

In a clinical trial, Casgevy was shown to eliminate recurrent episodes of debilitating pain caused by sickle cell, which afflicts approximately 100,000 people in the U.S., a vast majority of whom are Black. The therapy, whose scientific name is exa-cel, is described as a potential cure because the genetic fix enabled by CRISPR is designed to last a lifetime, although confirmation will require years of follow-up.

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Posted in Health & Medicine, Science & Technology

([London] Times) Surrounded and low on ammo, the elite troops out to spoil Putin’s New Year

Starved of ammunition, the gunners of Ukraine’s 47th Brigade were not able to hit the Russian convoy before it was upon their infantry on Avdiivka’s northern flank.

Five armoured vehicles rolled into the village of Stepove, guns firing, allowing about 40 Russian soldiers to run for cover in the houses around Ukrainian positions. A Bradley fighting vehicle was deployed towards the Russians. American armour was to be put to the test against Russian.

This fierce battle was part of a desperate action to save Avdiivka, in the east of the country, from imminent collapse and prevent a victory for President Putin in time for the launch of his election campaign and New Year festivities.

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Posted in Foreign Relations, Military / Armed Forces, Politics in General, Russia, Ukraine

Richard Baxter on his Feast Day: the Nature of the Saints Everlasting Rest in Heaven

What this rest presupposes…. 5. It contains, (1.) A ceasing from means of grace ; 6. (2.) A perfect freedom from all evils ; 7. (3.) The highest degree of the saints’ personal perfection, both in body and soul ; 8. (4.) The nearest enjoyment of God the Chief Good; 9-14. (5.) A sweet and constant action of all the powers of soul and body in this enjoyment of God ; as, for instance, bodily senses, knowledge, memory, love, joy, together with a mutual love and joy.

The Saints Everlasting Rest (1652)

Posted in Church History, Eschatology

A Prayer for the Feast Day of Richard Baxter

We offer thanks, most gracious God, for the devoted witness of Richard Baxter, who out of love for thee followed his conscience at cost to himself, and at all times rejoiced to sing thy praises in word and deed; and we pray that our lives, like his, may be well-tuned to sing the songs of love, and all our days be filled with praise of Jesus Christ our Lord; who with thee and the Holy Spirit livest and reignest, one God, now and for ever. Amen.

Posted in Church History, Spirituality/Prayer

A Prayer to Begin the Day from the Scottish Prayer Book

Grant, O Almighty God, that as thy blessed Son Jesus Christ at his first advent came to seek and to save that which was lost, so at his second and glorious appearing he may find in us the fruits of the redemption which he wrought; who liveth and reigneth with thee and the Holy Spirit, one God world without end.

Posted in Advent, Spirituality/Prayer

From the Morning Scripture Readings

I keep the Lord always before me;
because he is at my right hand, I shall not be moved.

Therefore my heart is glad, and my soul rejoices;
my body also dwells secure.
For thou dost not give me up to Sheol,
or let thy godly one see the Pit.

Thou dost show me the path of life;
in thy presence there is fulness of joy,
in thy right hand are pleasures for evermore.

–Psalm 16:8-11

Posted in Theology: Scripture

(Church Times) There is a wide variation in Anglican cathedrals’ assets, figures show

Cathedral assets vary so widely that the richest cathedral holds 70 times more than the poorest, figures published in a written answer to a question at last month’s meeting of the General Synod have shown.

The Bishop of Sheffield, Dr Pete Wilcox, who chairs the Mutuality and Transparency in Finances Group, had asked what account the Church Commissioners had taken of the disparity; and the Dean of Peterborough, the Very Revd Chris Dalliston, had wanted to know what use would be made of the figures in supporting cathedrals in the financial challenges that they faced.

The figures date from 2020. Norwich topped the league table, with net assets of £73.5 million. Salisbury was the next highest, at £62.5 million, closely followed by Durham and Canterbury at 62.3 and 62.2 respectively. Lincoln (57.6), York Minster (50.7), Winchester (49.7), St Paul’s (42.4), Chichester (38.0), and Lichfield (32.7) completed the top ten.

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Posted in Church of England, England / UK, Parish Ministry, Religion & Culture, Stewardship

(NYT) From Unicorns to Zombies: Tech Start-Ups Run Out of Time and Money

WeWork raised more than $11 billion in funding as a private company. Olive AI, a health care start-up, gathered $852 million. Convoy, a freight start-up, raised $900 million. And Veev, a home construction start-up, amassed $647 million.

In the last six weeks, they all filed for bankruptcy or shut down. They are the most recent failures in a tech start-up collapse that investors say is only beginning.

After staving off mass failure by cutting costs over the past two years, many once-promising tech companies are now on the verge of running out of time and money. They face a harsh reality: Investors are no longer interested in promises. Rather, venture capital firms are deciding which young companies are worth saving and urging others to shut down or sell.

It has fueled an astonishing cash bonfire. In August, Hopin, a start-up that raised more than $1.6 billion and was once valued at $7.6 billion, sold its main business for just $15 million. Last month, Zeus Living, a real estate start-up that raised $150 million, said it was shutting down. Plastiq, a financial technology start-up that raised $226 million, went bankrupt in May. In September, Bird, a scooter company that raised $776 million, was delisted from the New York Stock Exchange because of its low stock price. Its $7 million market capitalization is less than the value of the $22 million Miami mansion that its founder, Travis VanderZanden, bought in 2021.

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Posted in * Economics, Politics, Corporations/Corporate Life, Economy

Looking Back 82 years–Franklin Delano Roosevelt’s Pearl Harbor Address to the Nation

Mr. Vice President, Mr. Speaker, Members of the Senate, and of the House of Representatives:

Yesterday, December 7th, 1941 — a date which will live in infamy — the United States of America was suddenly and deliberately attacked by naval and air forces of the Empire of Japan.

The United States was at peace with that nation and, at the solicitation of Japan, was still in conversation with its government and its emperor looking toward the maintenance of peace in the Pacific.

Indeed, one hour after Japanese air squadrons had commenced bombing in the American island of Oahu, the Japanese ambassador to the United States and his colleague delivered to our Secretary of State a formal reply to a recent American message. And while this reply stated that it seemed useless to continue the existing diplomatic negotiations, it contained no threat or hint of war or of armed attack.

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Posted in History, Military / Armed Forces, Office of the President

For his Feast day–(CH) Riot in Milan Quelled When Ambrose Agreed to Become Bishop

Bishop Auxentius of Milan had just died. As a proponent of the Arian heresy, he denied the eternal divinity of Christ. Now crowds surged into the streets, some shouting they wanted an Arian bishop, others demanding an orthodox Trinitarian replacement. If something was not done, there would be a riot. As regional governor, it was Ambrose’s responsibility to oversee the election. A popular nobleman, he pleaded with the crowd to keep the peace.

A child shouted, “Ambrose for bishop!” Others picked up the cry: “Ambrose for bishop! Ambrose for bishop!” In vain he tried to brush off the suggestion. The cry grew more insistent. “Ambrose for bishop!”

“But I haven’t even been baptized!” he argued. It was no use. Emperor Valentinian approved his election.

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Posted in Church History

A Prayer for the Feast Day of Saint Ambrose

O God, who didst give to thy servant Ambrose grace eloquently to declare thy righteousness in the great congregation, and fearlessly to bear reproach for the honor of thy Name: Mercifully grant to all bishops and pastors such excellency in preaching, and fidelity in ministering thy Word, that thy people may be partakers with them of the glory that shall be revealed; through Jesus Christ our Lord, who liveth and reigneth with thee and the Holy Spirit, one God, now and for ever.

Posted in Church History, Spirituality/Prayer

A Prayer to Begin the Day from Henry Stobat

O God, Father of mercies, who didst so love the world that thou didst give thine only begotten Son to take our nature upon him for us men and for our salvation: Grant to us who by his first coming have been called into thy kingdom of grace, that we may always abide in him, and be found watching and ready when he shall come again to call us to thy kingdom of glory; through the same Jesus Christ our Lord.

Posted in Advent, Spirituality/Prayer

From the Morning Bible Readings

“I gave you cleanness of teeth in all your cities,
and lack of bread in all your places,
yet you did not return to me,”
says the Lord.

“And I also withheld the rain from you
when there were yet three months to the harvest;
I would send rain upon one city,
and send no rain upon another city;
one field would be rained upon,
and the field on which it did not rain withered;
so two or three cities wandered to one city
to drink water, and were not satisfied;
yet you did not return to me,”
says the Lord.

“I smote you with blight and mildew;
I laid waste your gardens and your vineyards;
your fig trees and your olive trees the locust devoured;
yet you did not return to me,”
says the Lord.

“I sent among you a pestilence after the manner of Egypt;
I slew your young men with the sword;
I carried away your horses;
and I made the stench of your camp go up into your nostrils;
yet you did not return to me,”
says the Lord.

“I overthrew some of you,
as when God overthrew Sodom and Gomor′rah,
and you were as a brand plucked out of the burning;
yet you did not return to me,”
says the Lord.

“Therefore thus I will do to you, O Israel;
because I will do this to you,
prepare to meet your God, O Israel!”

For lo, he who forms the mountains, and creates the wind,
and declares to man what is his thought;
who makes the morning darkness,
and treads on the heights of the earth—
the Lord, the God of hosts, is his name!

–Amos 4:6-13

Posted in Theology: Scripture

(Church Times) Most Christians happy to share their faith, survey suggests

The majority of Christians are confident about spreading the gospel to others — especially people from the same social background, a new survey suggests.

The survey, conducted by Savanta, was commissioned by the London City Mission. In September, researchers asked a representative sample of 1007 practising Christians — defined as people who identified as Christians, attended church, read the Bible, and prayed at least weekly — about their attitudes to communicating their faith to others.

They found that almost four in five (78 per cent) said that they were “confident” or “somewhat confident” about talking about their faith with people who were not Christian. Almost nine in ten (89 per cent) thought that doing so was “important”, and three-quarters (76 per cent) would have liked to talk more often about their faith with people who were not Christians.

Respondents said that they were most likely to talk about their faith with close friends (42 per cent), family (42 per cent), and work colleagues (37 per cent).

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Posted in England / UK, Evangelism and Church Growth, Religion & Culture, Sociology

The Latest Edition of the Anglican Diocese of South Carolina Enewsletter

Cathedral Hymns, a collection of musicians and artists connected to the Cathedral of St. Luke & St. Paul has released a single Come Thou Long Expected Jesus. We hope this enhances your Advent worship and waiting.

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Posted in * Anglican - Episcopal, * South Carolina, Parish Ministry

Taylor Swift Makes Time’s Person of the Year

Posted in * Culture-Watch, America/U.S.A., Economy, Music

Thomas Hopko on St. Nicholas for his Feast Day

“The extraordinary thing about the image of Saint Nicholas in the Church is that he is not known for anything extraordinary. He was not a theologian and never wrote a word, yet he is famous in the memory of believers as a zealot for orthodoxy, allegedly accosting the heretic Arius at the first ecumenical council in Nicaea for denying the divinity of God’s Son. He was not an ascetic and did no outstanding feats of fasting and vigils, yet he is praised for his possession of the ‘fruit of the Holy Spirit … love, joy, peace, patience, kindness, goodness, faithfulness, gentleness, self-control (Gal 5.22-23). He was not a mystic in our present meaning of the term but he lived daily with the Lord and was godly in all of his words and deeds. He was not a prophet in the technical sense, yet he proclaimed the Word of God, exposed the sins of the wicked, defended the rights of the oppressed and afflicted, and battled against every form of injustice with supernatural compassion and mercy. In a word, he was a good pastor, father, and bishop to his flock, known especially for his love and care for the poor. Most simply put, he was a divinely good person.”

–Thomas Hopko, The Winter Pascha (St Vladimirs Seminary Press, 1984) p. 39

Posted in Church History

A Prayer for the Feast Day of Saint Nicholas of Myra

Almighty God, who in thy love didst give to thy servant Nicholas of Myra a perpetual name for deeds of kindness on land and sea: Grant, we pray thee, that thy Church may never cease to work for the happiness of children, the safety of sailors, the relief of the poor, and the help of those tossed by tempests of doubt or grief; through Jesus Christ our Lord, who liveth and reigneth with thee and the Holy Spirit, one God, for ever and ever.

Posted in Church History, Spirituality/Prayer

A Prayer for the Day from Richard Baxter

Keep us, O Lord, while we tarry on this earth, in a serious seeking after thee, and in an affectionate walking with thee, every day of our lives; that when thou comest, we may be found not hiding our talent, nor serving the flesh, nor yet asleep with our lamp unfurnished, but waiting and longing for our Lord, our glorious God for ever and ever.

Posted in Advent, Spirituality/Prayer

From the Morning Bible Readings

This is now the second letter that I have written to you, beloved, and in both of them I have aroused your sincere mind by way of reminder; that you should remember the predictions of the holy prophets and the commandment of the Lord and Savior through your apostles. First of all you must understand this, that scoffers will come in the last days with scoffing, following their own passions and saying, “Where is the promise of his coming? For ever since the fathers fell asleep, all things have continued as they were from the beginning of creation.” They deliberately ignore this fact, that by the word of God heavens existed long ago, and an earth formed out of water and by means of water, through which the world that then existed was deluged with water and perished. But by the same word the heavens and earth that now exist have been stored up for fire, being kept until the day of judgment and destruction of ungodly men.

But do not ignore this one fact, beloved, that with the Lord one day is as a thousand years, and a thousand years as one day. The Lord is not slow about his promise as some count slowness, but is forbearing toward you, not wishing that any should perish, but that all should reach repentance. But the day of the Lord will come like a thief, and then the heavens will pass away with a loud noise, and the elements will be dissolved with fire, and the earth and the works that are upon it will be burned up.

–2 Peter 3:1-10

Posted in Theology: Scripture