Category : Globalization

(CNN Belief Blog) Christianity goes global as world's largest religion

Christians are by far the largest religious group on the planet, and the religion has gone truly global over the past century, according to a new report out Monday, which finds some of the world’s biggest Christian communities in surprising places.

Europe was the clear center of world Christianity one hundred years ago, but today the Americas are home to more than a third of all Christians. In fact, the United States has the world’s largest Christian population, of more than 247 million, followed by Brazil and Mexico.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Religion News & Commentary, Evangelicals, Globalization, Methodist, Orthodox Church, Other Churches, Religion & Culture, Roman Catholic

Time's Person of the Year for 2011–The Protester

“Massive and effective street protest” was a global oxymoron until ”” suddenly, shockingly ”” starting exactly a year ago, it became the defining trope of our times. And the protester once again became a maker of history.

It began in Tunisia, where the dictator’s power grabbing and high living crossed a line of shamelessness, and a commonplace bit of government callousness against an ordinary citizen ”” a 26-year-old street vendor named Mohamed Bouazizi ”” became the final straw. Bouazizi lived in the charmless Tunisian town of Sidi Bouzid, 125 miles south of Tunis. On a Friday morning almost exactly a year ago, he set out for work, selling produce from a cart. Police had hassled Bouazizi routinely for years, his family says, fining him, making him jump through bureaucratic hoops. On Dec. 17, 2010, a cop started giving him grief yet again. She confiscated his scale and allegedly slapped him. He walked straight to the provincial-capital building to complain and got no response. At the gate, he drenched himself in paint thinner and lit a match.

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Posted in * Culture-Watch, * Economics, Politics, --Social Networking, Blogging & the Internet, Globalization, Media, Politics in General, Psychology, Science & Technology

(WSJ) Europe Strains World's Banks

The world’s financial system showed new signs of strain on Wednesday as banks and investors clamored for U.S. dollars and two European banks took emergency measures to address the deepening crisis.

Stresses rippled through debt and stock markets despite measures taken by European leaders last week to help restore investor confidence. Reflecting the tension, rates that banks charge each other for short-term borrowing in dollars continued to climb, hitting their highest level since July 2009. Long-term Italian government bond yields jumped back above 7%, a level that would crimp Italy’s ability to borrow in the future. Amid the rush for dollars, the euro dropped below $1.30 for the first time since January….

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Globalization, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

Economic Troubles in Europe and U.S. Start to Affect Asia

Economic growth in much of Asia remains robust, the Asian Development Bank said. But trade and financial activity have already started to be eroded by the turmoil in Europe, and they risk being undermined further if the European debt crisis evolves into a full-blown financial and economic crisis like the one spurred by the collapse of Lehman Brothers in September 2008.

“Things are changing very rapidly ”” not just weekly and daily, but hourly,” Iwan J. Azis, head of the development bank’s office of regional economic integration, said at a news conference in Hong Kong, as he presented the bank’s latest update on emerging East Asian nations.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, America/U.S.A., Economy, Europe, Globalization

(CNS) Too much focus on money destroys the environment, says cardinal

Excessive focus on money is destroying the environment and dehumanizing people, said Honduran Cardinal Oscar Rodriguez Maradiaga, president of Caritas Internationalis.

Religious communities have a duty to call attention to the importance of the human person, who is “at the center of creation,” he said while international leaders were debating the extension of legal limits on the production of greenhouse gas emissions.

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Posted in * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Consumer/consumer spending, Corporations/Corporate Life, Economy, Energy, Natural Resources, Globalization, Other Churches, Religion & Culture, Roman Catholic

Economist Leader–Africa rising

Over the past decade six of the world’s ten fastest-growing countries were African. In eight of the past ten years, Africa has grown faster than East Asia, including Japan. Even allowing for the knock-on effect of the northern hemisphere’s slowdown, the IMF expects Africa to grow by 6% this year and nearly 6% in 2012, about the same as Asia….

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Africa, Economy, Foreign Relations, Globalization, Politics in General

Morning Quiz (II)–What is the GDP Per Capita of the United States and that of Rwanda?

There are several scales used, recently I have been following the CIA Factbook. No peaking, phoning a friend, googling etc.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Africa, America/U.S.A., Economy, Globalization, Rwanda

(NC Reporter) John Allen–Is Ireland just the first Vatican embassy to go?

In recent years, Western ambassadors have quietly complained that it has become more difficult to engage the Vatican on international issues, and that Vatican diplomacy appears to be passing through a period of retrenchment.

Vatican diplomats today, they say, are highly focused on issues of religious freedom and anti-Christian persecution, but sometimes less interested in other matters. Some diplomats point to perceptions that the Vatican was not keenly engaged on Libya in the same way it had been on earlier conflicts in the Balkans or Iraq under John Paul, as an example.

Moreover, these diplomats say, the sexual abuse crisis has created a political environment in which critics of funding missions to the Vatican can wield powerful new ammunition.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, England / UK, Foreign Relations, Globalization, Ireland, Other Churches, Politics in General, Pope Benedict XVI, Religion & Culture, Roman Catholic

Latest Global Broadband data–In wireless, Korea (99.3 lines per 100 inhabt.) and Sweden (93.6) Lead

Guess please where ths U.S. is and what the The Organisation for Economic Co-operation and Development (OECD) average is first. Then go and check it out.

Posted in * Culture-Watch, Globalization, Science & Technology

Central Banks Take Coordinated Action to Help Global Financial System and Eurozone Crisis

The world’s major central banks launched a joint action to provide cheap, emergency U.S. dollar loans to banks in Europe and elsewhere, a sign of growing alarm among policy makers about stresses in Europe and in the global financial system.

The coordinated action doesn’t directly address Europe’s government-debt and budget woes. Instead, it is aimed at alleviating the impact of those troubles on global markets. Moreover, it raises the prospect of other steps by central bankers to prevent a repeat of the 2008 financial crisis.

“The purpose of these actions is to ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity,” said a statement issued by the six central banks””the U.S. Federal Reserve, the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Economy, Europe, European Central Bank, Federal Reserve, Globalization, The U.S. Government

Crisis in Europe Tightens Credit Across the Globe

Europe’s worsening sovereign debt crisis has spread beyond its banks and the spillover now threatens businesses on the Continent and around the world.

From global airlines and shipping giants to small manufacturers, all kinds of companies are feeling the strain as European banks pull back on lending in an effort to hoard capital and shore up their balance sheets.

The result is a credit squeeze for companies from Berlin to Beijing, edging the world economy toward another slump.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Globalization, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

Fitch–Rating Outlook On US Long-Term Rating Revised To Negative From Stable

This was largely expected, and they did reaffirm their AAA overall rating. They felt “declining confidence” that Congress will agree on timely measures to bring about fiscal policies aimed at reducing indebtedness–KSH.

Posted in * Culture-Watch, * Economics, Politics, Budget, Credit Markets, Currency Markets, Economy, Globalization, House of Representatives, Office of the President, Politics in General, Senate, The National Deficit, The U.S. Government

Ambrose Evans-Pritchard–Should the Fed save Europe from disaster?

The dam is breaking in Europe. Interbank lending has seized up. Much of the financial system is paralysed, setting off a credit crunch just as Euroland slides back into slump.

The Euribor/OIS spread or`fear gauge’ is flashing red warning signals. Dollar funding costs in Europe have spiked to Lehman-crisis levels, leaving lenders struggling frantically to cover their $2 trillion (£1.3 trillion) funding gap.

America’s money markets are no longer willing to lend to over-leveraged Euroland banks, or only on drastically short maturities below seven days. Exposure to French banks has been slashed by 69pc since May.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Federal Reserve, Globalization, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government

Sheryl Sandberg–the deepening impact of social media in 2012

Mark Zuckerberg’s “law of sharing” is to social media what Moore’s law is to computing power. Coined a few years back, the Facebook founder’s law asserts that the amount of information shared digitally will double every year. This will never be more evident than in 2012. Around the globe, people will share more and more of their lives online, transforming relationships on every level””personal, commercial and institutional.

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Posted in * Culture-Watch, * Economics, Politics, --Social Networking, Blogging & the Internet, Corporations/Corporate Life, Economy, Globalization

(Economist Leader) Unless Germany and the ECB move quickly, the Euro's collapse is looming

Even as the euro zone hurtles towards a crash, most people are assuming that, in the end, European leaders will do whatever it takes to save the single currency. That is because the consequences of the euro’s destruction are so catastrophic that no sensible policymaker could stand by and let it happen.

A euro break-up would cause a global bust worse even than the one in 2008-09. The world’s most financially integrated region would be ripped apart by defaults, bank failures and the imposition of capital controls….The euro zone could shatter into different pieces, or a large block in the north and a fragmented south. Amid the recriminations and broken treaties after the failure of the European Union’s biggest economic project, wild currency swings between those in the core and those in the periphery would almost certainly bring the single market to a shuddering halt. The survival of the EU itself would be in doubt.

Yet the threat of a disaster does not always stop it from happening. The chances of the euro zone being smashed apart have risen alarmingly, thanks to financial panic, a rapidly weakening economic outlook and pigheaded brinkmanship. The odds of a safe landing are dwindling fast.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, England / UK, Euro, Europe, European Central Bank, Foreign Relations, France, Germany, Globalization, Greece, History, Ireland, Italy, Politics in General, Portugal, Psychology, Spain, Stock Market, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

Sheldon Garon–Why We Spend, Why They Save

Christmas is nearly upon us. Americans, once again, are told that it’s our civic duty to shop. The economy demands increased consumer spending. And it’s true. The problem is that millions of lower- and middle-income households have lost their capacity to spend. They lack savings and are mired in debt. Although it would be helpful if affluent households spent more, we shouldn’t be calling upon a struggling majority to do so. In the long run, the health of the economy depends on the financial stability of our households.

What might we learn from societies that promote a more balanced approach to saving and spending? Few Americans appreciate that the prosperous economies of western and northern Europe are among the world’s greatest savers. Over the past three decades, Germany, France, Austria and Belgium have maintained household saving rates between 10 and 13 percent, and rates in Sweden recently soared to 13 percent. By contrast, saving rates in the United States dropped to nearly zero by 2005; they rose above 5 percent after the 2008 crisis but have recently fallen below 4 percent.

Unlike the United States, the thrifty societies of Europe have long histories of encouraging the broad populace to save….

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Asia, Economy, Europe, Globalization, Personal Finance, The Banking System/Sector

CBO: Stimulus hurts economy in the long run

The Congressional Budget Office on Tuesday downgraded its estimate of the benefits of President Obama’s 2009 stimulus package, saying it may have sustained as few as 700,000 jobs at its peak last year and that over the long run it will actually be a net drag on the economy.

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Posted in * Culture-Watch, * Economics, Politics, Credit Markets, Economy, Federal Reserve, Globalization, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, The Fiscal Stimulus Package of 2009, The National Deficit, The U.S. Government, The United States Currency (Dollar etc)

Tim Keller: John Stott was the First to Speak God's Word to Me

Christians should be convicted by Stott’s Kingdom vision and zeal for God’s Kingdom.

“Everything I have read, known, and by all accounts, John Stott’s motives were about as pure as a human being’s motives can be,” asserted Keller. “He was not an ambitious man for his own glory. He did not want power. It was obvious he did not want status. He did not want wealth, he gave it away….”

“Here is my point. Most of the rest of us would be very happy being told you are the best. You are the best preacher, you’re the best of this or that. But he didn’t care about that. He wanted to change the world for Christ,” Keller explained. “I looked at his motives, I looked at his labors, how he spent himself, and how he gave himself. Why wasn’t he ever satisfied? It really was not worldly ambition. He really wanted to really change the world for Christ. We should be convicted by that.”

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * International News & Commentary, * Religion News & Commentary, America/U.S.A., Anglican Provinces, Church History, Church of England (CoE), Death / Burial / Funerals, Evangelicals, Globalization, Ministry of the Ordained, Other Churches, Parish Ministry, Preaching / Homiletics, Religion & Culture

U.N. Finds Signs of Work by Iran Toward Nuclear Device

United Nations weapons inspectors have amassed a trove of new evidence that they say makes a “credible” case that “Iran has carried out activities relevant to the development of a nuclear device,” and that the project may still be under way.

The long-awaited report, released by the International Atomic Energy Agency on Tuesday, represents the strongest judgment the agency has issued in its decade-long struggle to pierce the secrecy surrounding the Iranian program. The findings, drawn from evidence of far greater scope and depth than the agency has previously made public, have already rekindled a debate among the Western allies and Israel about whether increased diplomatic pressure, sanctions, sabotage or military action could stop Iran’s program.

Knowing that their findings would be compared with the flawed Iraq intelligence that preceded the 2003 invasion ”” and has complicated American moves on Iran ”” the inspectors devoted a section of the report to “credibility of information.” The information was from a range of independent sources, they said; some was backed up by interviews with foreigners who had helped Iran.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Foreign Relations, Globalization, Iran, Law & Legal Issues, Middle East, Politics in General, Science & Technology

Niall Ferguson–How American Civilzation can Avoid Collapse

What we need to do is to delete the viruses that have crept into our system: the anticompetitive quasi monopolies that blight everything from banking to public education; the politically correct pseudosciences and soft subjects that deflect good students away from hard science; the lobbyists who subvert the rule of law for the sake of the special interests they represent””to say nothing of our crazily dysfunctional system of health care, our overleveraged personal finances, and our newfound unemployment ethic.

Then we need to download the updates that are running more successfully in other countries, from Finland to New Zealand, from Denmark to Hong Kong, from Singapore to Sweden.

And finally we need to reboot our whole system.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Economy, Globalization, History, Politics in General

Why Science Majors Change Their Minds (It’s Just So Darn Hard)

it turns out, middle and high school students are having most of the fun, building their erector sets and dropping eggs into water to test the first law of motion. The excitement quickly fades as students brush up against the reality of what David E. Goldberg, an emeritus engineering professor, calls “the math-science death march.” Freshmen in college wade through a blizzard of calculus, physics and chemistry in lecture halls with hundreds of other students. And then many wash out.

Studies have found that roughly 40 percent of students planning engineering and science majors end up switching to other subjects or failing to get any degree. That increases to as much as 60 percent when pre-medical students, who typically have the strongest SAT scores and high school science preparation, are included, according to new data from the University of California at Los Angeles. That is twice the combined attrition rate of all other majors.

For educators, the big question is how to keep the momentum being built in the lower grades from dissipating once the students get to college.

This was a problem when I was an undergraduate from 1978-1982 (and, yes, I am a science major [chemistry]). Read it all–KSH.

Posted in * Culture-Watch, * International News & Commentary, America/U.S.A., Education, Globalization, Science & Technology, Young Adults

(CNS) At audience, Pope prays G-20 summit will help world's poor

Pope Benedict XVI prayed that a summit of the leaders of countries with the world’s largest economies would find ways to overcome the current economic crisis and promote real development.

At the end of his weekly general audience Nov. 2, the pope issued a special appeal to the leaders of the G-20 nations scheduled to meet Nov. 3-4 in Cannes, France.

“I hope the meeting will help overcome the difficulties, which — on a global level — block the promotion of an authentically human and integral development,” the pope said.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Economy, Europe, France, G20, Globalization, Other Churches, Pope Benedict XVI, Poverty, Religion & Culture, Roman Catholic, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

(Globe and Mail) William Hague–How shall we respond to the challenges of a networked world?

In developing countries, the Internet is making a difference and giving many a better future, from educating rural communities to enabling the remote monitoring of HIV patients and predicting outbreaks of disease.

But the rise of the networked world has also produced significant challenges that undermine these benefits and pose a serious threat to reaping the full potential of a cyber world.

Progress has been made in recent years to enhance global connectivity. Yet, the digital divide remains substantial: 95 per cent of Icelanders have Internet access, compared with just 0.1 per cent of Liberians. Two-thirds of the world’s population is still unable to log on.

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Posted in * Culture-Watch, --Social Networking, Blogging & the Internet, Globalization, Science & Technology

(CNS) Among Assisi participants, a sense of deeper crisis in modern society

A common thread ran through many of the speeches and invocations of this year’s “prayer for peace” encounter in Assisi: the uneasy sense that the world is facing not merely conflicts and wars, but a much broader crisis that affects social and cultural life in every country.

Environmental damage, the rich-poor divide, erosion of cultural traditions, terrorism and new threats to society’s weakest members were cited as increasingly worrisome developments by speakers at the interfaith gathering in the Italian pilgrimage town Oct. 27.

Pope Benedict XVI, addressing the 300 participants, echoed those points in his own analysis of the state of global peace 25 years after Blessed John Paul II convened the first Assisi meeting.

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Posted in * Culture-Watch, * Religion News & Commentary, Globalization, Inter-Faith Relations, Other Churches, Pope Benedict XVI, Religion & Culture, Roman Catholic

(Washington Post) The graying of the Planet–World population not only grows, but grows old

The aging of the human race has been faster than anyone could have imagined a few decades ago. Fertility rates have plunged globally; simultaneously, life spans have increased. The result is a re-contoured age graph: The pyramid, once with a tiny number of old folks at the peak and a broad foundation of children, is inverting. In wealthy countries, the graph already has a pronounced middle-age spread.

This is, in many respects, very good news. Longer life is a blessing of modern medicine and improvements in nutrition. Lower fertility rates have corresponded to more educational opportunities for women and greater prosperity for societies in general.

But the unexpectedly abrupt demographic transition has created economic upheaval. For the countries that hit the fertility brakes the hardest, the graying of society has become a full-blown crisis. They’re suddenly desperate for babies. They need more workers to provide goods and services to huge numbers of pensioners….

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Posted in * Culture-Watch, * Economics, Politics, Aging / the Elderly, Economy, Globalization

Just how big is 7 billion, the number the global population is about to hit?

Here are some different ways that might help you envision the enormousness of 7 billion:

— Seven billion seconds ago, the year was 1789. That was the year George Washington was inaugurated as the first U.S. president and Congress met for the very first time.
— If you took 7 billion steps along the Earth’s equator — at 2 feet per step — you could walk around the world at least 106 times.
— Suppose an average thimble holds 2 milliliters of water. Seven billion of those thimbles would fill at least five Olympic-sized swimming pools….

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Posted in * Culture-Watch, Globalization

Pope Benedict XVI's Address at the 2011 Assisi Pilgrimage–Two kinds of Violence need to be seen

Let us try to identify the new faces of violence and discord more closely. It seems to me that, in broad strokes, we may distinguish two types of the new forms of violence, which are the very antithesis of each other in terms of their motivation and manifest a number of differences in detail. Firstly there is terrorism, for which in place of a great war there are targeted attacks intended to strike the opponent destructively at key points, with no regard for the lives of innocent human beings, who are cruelly killed or wounded in the process. In the eyes of the perpetrators, the overriding goal of damage to the enemy justifies any form of cruelty. Everything that had been commonly recognized and sanctioned in international law as the limit of violence is overruled. We know that terrorism is often religiously motivated and that the specifically religious character of the attacks is proposed as a justification for the reckless cruelty that considers itself entitled to discard the rules of morality for the sake of the intended “good”. In this case, religion does not serve peace, but is used as justification for violence….

If one basic type of violence today is religiously motivated and thus confronts religions with the question as to their true nature and obliges all of us to undergo purification, a second complex type of violence is motivated in precisely the opposite way: as a result of God’s absence, his denial and the loss of humanity which goes hand in hand with it. The enemies of religion — as we said earlier — see in religion one of the principal sources of violence in the history of humanity and thus they demand that it disappear. But the denial of God has led to much cruelty and to a degree of violence that knows no bounds, which only becomes possible when man no longer recognizes any criterion or any judge above himself, now having only himself to take as a criterion. The horrors of the concentration camps reveal with utter clarity the consequences of God’s absence.

Yet I do not intend to speak further here about state-imposed atheism, but rather about the decline of man, which is accompanied by a change in the spiritual climate that occurs imperceptibly and hence is all the more dangerous….

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Posted in * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Globalization, Inter-Faith Relations, Other Churches, Other Faiths, Pope Benedict XVI, Roman Catholic, Secularism, Terrorism, Violence

(BBC) Leaders Agree on Eurozone debt deal after late-night talks

European leaders have reached a “three-pronged” agreement described as vital to solve the region’s huge debt crisis.

They said banks holding Greek debt accepted a 50% loss, the eurozone bailout fund will be boosted and banks will have to raise more capital.

Shares on European markets rose sharply on news of the deal.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Asia, Brazil, China, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Foreign Relations, France, G20, Germany, Globalization, Greece, Politics in General, South America, Stock Market, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

(Christianity Today) Ken Walker–Missionary Money: Easier to Give, Worth Less than Ever

Financial turmoil in global markets continues to play havoc with the value of the U.S. dollar, but technology continues to make the transfer of donor dollars to missionaries quicker and easier.

American missionary income in China has dropped 25 percent in recent years because of the dollar’s decline against the Chinese yuan, said a missionary leader who requested anonymity. “In 24 years of missionary ministry, I have never seen things as tough as they are now.”

“It’s a complaint we hear almost every day,” says Bill Bray of Christian Aid Mission, which supports indigenous missionaries in 122 nations. “They need more money because of the exchange rate.”

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Credit Markets, Economy, Federal Reserve, Globalization, Missions, Parish Ministry, Stewardship, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government, The United States Currency (Dollar etc)

Note on financial reform from the Pontifical Council for Justice and Peace

Under the current uncertainties, in a society capable of mobilizing immense means but whose cultural and moral reflection is still inadequate with regard to their use in achieving the appropriate ends, we are invited to not give in and to build above all a meaningful future for the generations to come. We should not be afraid to propose new ideas, even if they might destabilize pre-existing balances of power that prevail over the weakest. They are a seed thrown to the ground that will sprout and hurry towards bearing fruit.

As Benedict XVI exhorts us, agents on all levels ”“ social, political, economic, professional ”“ are urgently needed who have the courage to serve and to promote the common good through an upright life. Only they will succeed in living and seeing beyond the appearances of things and perceiving the gap between existing reality and untried possibilities.

Paul VI emphasized the revolutionary power of “forward-looking imagination” that can perceive the possibilities inscribed in the present and guide people towards a new future. By freeing his imagination, man frees his existence. Through an effort of community imagination, it is possible to transform not only institutions but also lifestyles and encourage a better future for all peoples.

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Posted in * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Globalization, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Other Churches, Pastoral Theology, Pope Benedict XVI, Roman Catholic, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology