Pope Benedict XVI won the No. 5 spot in a list of the world’s most powerful people, one of only two religious leaders in Forbes magazine’s list of 68 influential men and women.

Benedict was sandwiched between Russian Prime Minister Vladimir Putin and German Chancellor Angela Merkel. The only other religious leader on the list was the Dalai Lama, who ranked at No. 39.

Forbes, which released the list Wednesday (Nov. 3), scored the rankings by the person’s influence over people, which for religious leaders meant counting the followers in their flocks.

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The Fed is essentially lending enough money to the government to fund its operations for several months, something called “monetizing the debt.” In normal times, this is one of the great taboos of central banking because it is seen as a step toward spiraling inflation and because it risks encouraging reckless government spending.

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President Barack Obama steps back onto the world stage Friday, when he leaves for two economic summits in Asia after a big electoral rebuke.

But his troubles will not ease overseas.

The U.S. and nations abroad are at odds over economic policy. Among the issues, conservative governments in Britain and Germany are pressing for fiscal austerity measures in Europe that Mr. Obama’s administration is resisting implementing in the U.S.

“The rest of the world is looking more like the tea party,” which wants to rein in government spending, according to Kenneth Rogoff, a former chief economist at the International Monetary Fund.

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The Transportation Security Administration said Wednesday that it is planning to impose new air cargo screening rules by Friday, in reaction to the recent securities gaps revealed by the the bomb plot in Yemen.

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Lausanne Movement leaders have called for a new Reformation and challenged participants in the 2010 Congress to repentance, renewal and integrity. The Congress in Cape Town brought together more than 4000 evangelical delegates from 198 countries, and despite a sophisticated cyber-attack, many more were able to follow its proceedings on the internet.

Among its themes were how to reach out to other world faiths, ministry in the world’s 10 ‘mega-cities’, each with more than 10 million inhabitants, issues around justice and social action, and HIV/Aids.

The retiring chair of Lausanne’s theology working group, Dr Chris Wright, aimed his Saturday address at the church. ‘What hurts God most, is not just the sin of the world, but the failure, disobedience and rebellion of those he has redeemed.

‘We tend to spend all our time attacking and complaining about the world and ignoring our own failures.’Dr Wright referred to what he called ‘the idolatry of the church,’ pointing out the three idols that are ‘especially seductive’ for evangelical Christians: the idol of power and pride; the idol of popularity and success; and the idol of wealth and greed.

‘Reformation of the church is once again the desperate need,’ he said.

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Cooking oils, left behind in this year’s surge in agriculture prices, are poised to catch up with grains as record demand cuts stockpiles by the most in 17 years.

Inventories of soybean oil and palm oil, used by Nestle SA and Unilever and in everything from Hellmann’s mayonnaise to Snickers candy bars, will drop 12 percent in the coming year as China and India increase consumption 11 percent, U.S. Department of Agriculture data show. Food prices climbed in September to the highest level since the crisis in 2008 that sparked riots from Haiti to Egypt, the United Nations says.

“China’s economy is growing and there’s no reason why the country will take any less food next week, next month, or next year,” said Steve Nicholson, a commodity procurement specialist at International Food Products Corp., a distributor and advisor on food ingredients in Fenton, Missouri. “We’ve been able to produce more food in the past 2,000 years, but can we do it fast enough to meet the demand from China and other emerging economies to stave off a crisis?”

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Is modern moral relativism as advocated by rationalists, for instance turning out to be even more of a problem than absolutism as we know it in orthodox religion?

Relativism is a real problem. It can lead to a weakening of belief that all people have an absolute right to equal justice, to a weakening of the belief that some things (torture, rape and other atrocities) could never be justified on any grounds, and so on.

How would you compare Indian-style pluralism with the kind of secularism practised in France?

Pluralism is used both in the political and religious context; states are a bundle of diverse communities with a common administration but different communities have a life of their own. Indian pluralism recognises that religious communities have a right to be active and visible, though not privileged by the state. Most western secularism seems to want to make faith invisible. India is a good reminder that this western idea isn’t the only or the best way to secure a neutral state in a plural society.

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The new cross-Communion alliance set up to connect and strengthen the development, relief and advocacy activities of the Anglican Communion is seeking a Director.

Once appointed, the Director will oversee the work of the Anglican Alliance which is made up of churches and agencies collaborating and sharing knowledge and skills to add value to the range of development and relief activities already undertaken by Anglicans around the world.

“The Director will have a vital role providing strategic direction to the new global alliance of Anglican churches and agencies, building their collective capacity to transform poverty and injustice,” explained the Communion’s Director for Mission, Revd John Kafwanka.

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The United States has dropped out of the “top 20” in a global league table of least corrupt nations, tarnished by financial scandals and the influence of money in politics, Transparency International said on Tuesday.

Somalia was judged the most corrupt country, followed by Myanmar and Afghanistan at joint second-worst and then by Iraq, in the Berlin-based watchdog TI’s annual corruption perceptions index (CPI).

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The Australian Parliament had been scheduled yesterday to debate a resolution calling on China to free the Nobel peace prize winner Liu Xiaobo.

Liu, 54, was sentenced in December to 11 years in jail. His crime? To co-write Charter 08, a manifesto calling on the Chinese government to give real force to China’s constitution. This would separate the ruling party from the state, allow a truly independent judiciary and create a real parliamentary democracy.

The peaceful pursuit of these rights – rights enjoyed by the citizens of every other big power and grandly proclaimed in the constitution – was judged by China’s courts to be an “incitement to subvert state power”.

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No big developed country has come out of the global recession looking stronger than Germany has. The economy minister, Rainer Brüderle, boasts of an “XL upswing”. Exports are booming and unemployment is expected to fall to levels last seen in the early 1990s. The government is a stable, though sometimes fractious, coalition of three mainstream parties. The shrillest protest is aimed at a huge new railway project in Stuttgart. Amid the truculence and turmoil around it, Germany appears an oasis of tranquillity.

To many of its friends and neighbours, though, the paragon is a disappointment. Its sharp-elbowed behaviour during the near-collapse of the euro earlier this year heightened concerns about Germany’s role in the world that have been stirring ever since unification 20 years ago. Speeches, seminars and scholarly articles by nervous Germans and Germany-watchers are a booming cottage industry. A recent essay published by Bruegel, a Brussels think-tank, explains “why Germany fell out of love with Europe”. Another, from the European Council on Foreign Relations, alleges that Germany is “going global alone”. Jürgen Habermas, Germany’s most distinguished living philosopher, accuses his country of pursuing an “inward-looking national policy”. “How can you not ask Germany questions about its vision of the future of Europe?” wonders Jacques Delors, who was president of the European Commission when the Berlin Wall fell. Even a pacific and prosperous Germany causes international angst.

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Since the birth of the Convention on Biological Diversity (CBD) at the Rio Earth Summit in 1992, there has been a welcome transformation in the language of global conservation. Policymakers and even some businesses have started to express a view of nature as a store of wealth””or “natural capital”. Talk of “ecosystem services” now draws attention to the helpful things that nature does unbidden, such as providing fresh soil and clean water.

This approach not only has the advantage of moving conservation from the domain of lofty morality down to earth, reflecting a pragmatism more likely to support and sustain action.

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…when I travel from America to India these days, as I did recently, it’s as if the world has been turned upside down. Indians are brimming with hope and faith in the future. After centuries of stagnation, their economy is on the move, fueling animal spirits and ambition. The whole country feels as if it has been unlocked. Meanwhile, in the U.S., the mood is sour. Americans are glum, dispirited and angry. The middle class, in particular, feels under assault. In a Newsweek poll in September, 63% of Americans said they did not think they would be able to maintain their current standard of living. Perhaps most troubling, Americans are strikingly fatalistic about their prospects. The can-do country is convinced that it can’t.

Americans have good reasons to worry. We have just gone through the worst recession since the Great Depression. The light at the end of the tunnel is dim at best. Sixteen months into the recovery, the unemployment rate is higher than it was in the depths of all but one of the postwar recessions. And as government spending is being pared back, the economy is showing new signs of weakness.

Some experts say that in every recession Americans get gloomy and then recover with the economy. This slump is worse than most; so is the mood. Once demand returns, they say, jobs will come back and, with them, optimism. But Americans are far more apprehensive than usual, and their worries seem to go beyond the short-term debate over stimulus vs. deficit reduction. They fear that we are in the midst of not a cyclical downturn but a structural shift, one that poses huge new challenges to the average American job, pressures the average American wage and endangers the average American Dream. The middle class, many Americans have come to believe, is being hollowed out. I think they are right.

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For decades this central Indian city was vintage old India: crumbling Mughal-era ruins and ancient Buddhist caves surrounded by endless parched acres from which farmers coaxed cotton.

But this month Aurangabad became an emblem of an altogether different India: the booming, increasingly urbanized economic powerhouse filled with ambition and a new desire to flaunt its wealth.

A group of more than 150 local businessmen decided to buy, en masse, a Mercedes-Benz car each, spending nearly $15 million in a single day and putting this small but thriving city on the map. Frustrated that the usual Chamber of Commerce brochures were slow to attract new investment, the businessmen decided to buy the cars as a stunt intended to stimulate investment in Aurangabad, one of several largely unknown but thriving urban centers across India’s more prosperous states.

“In and around Aurangabad there are companies worth a thousand crores,” an amount of Indian rupees equivalent to about $225 million, said Sachin Nagouri, 40, a hyperkinetic local real estate mogul who came up with the idea. “But Aurangabad is not known even in this state. There is plenty of money here. We just need to show it.”

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Even though there is nothing above on the screen if you click on play I assure you Chris Wright will appear–watch it all; KSH.

Ever since Martin Luther Christians have been calling for new reformations, with varied levels of seriousness. (In 1982 Robert Schuller published Self-Esteem: The New Reformation.) However, Chris Wright’s call on Saturday morning of the Cape Town 2010 congress had a note of unusual authenticity. His address was followed by Femi Adeleye’s take-no-prisoners talk on prosperity teaching, which he labeled “another gospel.” More to the point, much of Saturday was devoted to repentance and prayer, as participants were asked to reflect deeply on their lack of humility, integrity and simplicity.

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At the evening session, the Rev. Gideon Para-Mallam of Nigeria, the international deputy director for English, Portuguese and Spanish-speaking Africa, told Western Christian leaders at the conference to stand up and Africans to applaud them for the sacrifices of Western missionaries in bringing the Gospel to the continent.

“As a result of their obedience, God has been at work in Africa,” said Para-Mallam. “Africa has moved from a missionary-receiving continent in 1910 to now [in] 2010 a missionary-sending continent. Missionaries will be leaving Africa to Europe, from Africa to the United States of America, from Africa to all over the world.”

“The church in Africa is the church of the future,” he declared.

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There was resounding applause today as Chris Wright issued an unequivocal call for a second reformation in the world church.

Addressing the Third Lausanne Congress on world evangelisation today, the renowned theologian said Christians had lost their integrity and succumbed to the idolatry of power and pride, popularity and success, and wealth and greed.

“What do you think is the greatest obstacle to God’s desire for the evangelisation of the world? It’s not other religions. It’s not persecution. It’s not resistant cultures.

“The greatest problem for God in his redemptive mission for the world is his own people.

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When asked about the messages emanating from the Cape Town 2010, Dr [René] Padilla said ”˜I am thankful that we can now talk openly about the social dimension of the gospel.’ Referring to the relationship of evangelism and social responsibility, Padilla recalled the analogy once given by his longtime friend, British theologian and churchman John Stott. Aged 89 and a lifelong bird watcher, John Stott advocates that proclamation of the gospel and the social dimension of the gospel go together like ”˜two wings of a bird.’

René Padilla remarked that the level of disquiet he received in 1974 was rather intense. Given the climate of Cape Town 2010, it would appear that things have clearly changed.

While taking part in a panel focusing on Latin America, René Padilla articulated three priorities facing evangelicalism in particular, and the Church as a whole. At the top of the list is what the senior statesman calls ”˜true discipleship, modelled after the original disciples of Christ.’ His other concerns, seen as interrelated and of equal importance, are globalization, which he claims breeds an unjust economic system, and the stewardship of God’s creation.

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(ACNS) The second full day of the Cape Town 2010 Congress focused on the role of the church in the ministry of reconciliation””reconciliation of women and men with God’s creation, reconciliation between people of different economic status, and reconciliation between people of different ethnic and racial backgrounds.

Ruth Padilla DeBorst, the General Secretary of the Latin American Theological Fellowship, began the day by leading participants through a study of Ephesians chapter two. She provided thoughtful insights about the nature of God’s transformative power in changing people and societies.

“Jesus made peace by doing justice, by restoring to rightful place and right relations those who were being deprived of them by unjust systems, human greed and abuse of power,” Ruth Padilla Deborst said. “God lives wherever men and women together allow the Community-of-love to imprint God’s image on them, to speak reconciliation into being in their midst, to tear down all humanly constructed walls and spiritually bolstered exclusions so that unity becomes visible, to remind them that once we were all together in death and that our lives, our value and our purpose depend entirely on God’s unmerited grace. God yearns to build the world church today into his earthly dwelling place.”

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Is this a currency war or what?

Fast-growing nations like Thailand are trying to devalue their exchange rates to bolster their export-driven economies.

In Washington, where “strong dollar” has been the mantra for years, policy makers are taking steps that could make the already weak dollar weaker still.

European policy makers worry that a resurgent euro will threaten growth in their own backyard. And the entire world, it seems, is jawboning China to level the playing field and let its undervalued currency, the renminbi, appreciate. It is a step that Beijing, by all accounts, does not want to take.

With so many economies struggling, it suddenly seems as if it is every nation for itself in the currency markets….

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The Obama administration has adopted new procedures for using the Defense Department’s vast array of cyberwarfare capabilities in case of an attack on vital computer networks inside the United States, delicately navigating historic rules that restrict military action on American soil.

The system would mirror that used when the military is called on in natural disasters like hurricanes or wildfires. A presidential order dispatches the military forces, working under the control of the Federal Emergency Management Agency.

Under the new rules, the president would approve the use of the military’s expertise in computer-network warfare, and the Department of Homeland Security would direct the work.

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Some 50 priests and 50 imams, plus a number of lay people, met last Saturday in Savar (Dhaka), at a Qur”˜an research centre to discuss ”˜Leadership in a pluralistic society from the Muslim and Christian points of view’.

Organised with the support of the Pontifical Institute for Foreign Missions (PIME), the seminar was chaired by philosopher Obidur Rahman. The Italian ambassador to Bangladesh, Ms Itala Maria Marta Occhi, and Ms Kilmeny Beckering Vinckers, Australian deputy high commissioner, were present at the event.

In his address, Rev Paul Sishir Sarkar, bishop of the Anglican Church of Bangladesh, said that society today is increasingly pluralistic, and that mutual understanding and dialogue are increasingly important. In this context, an open exchange of opinions can be advantageous to everyone. For this reason, it is even more important for Christians and their leaders to lead a life according to their faith, with honesty, humility and openness to dialogue, for “Muslims are our neighbours,” he said, and as leaders, “we should teach our people to love them”.

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In recent times economics has been a religion ”“ and a remarkably silly one ”“ rather than a type of intellectual inquiry, and now that this cheap little creed has been exposed by events it is worth asking what genuine faiths can do to increase our understanding of economic life. In one form or another, this is the question addressed by all the contributors to this timely volume.

Larry Elliott introduces Crisis and Recovery with a wide-ranging analysis of the historical context of the crash, making it clear that: “There is no more chance of ‘business as usual’ than there was of the war that started in August 1914 being all over by Christmas.” The long Edwardian summer of the 1990s and early 2000s, which passed in the shade of the crumbling edifice of American power, is definitely over. History is on the move, and the crude beliefs about how human beings think and act that prevailed in recent times are no longer viable.

The Archbishop of Canterbury, Rowan Williams, makes the point that the contribution of theology to the debate is not just to add another dimension to the world of fact ”“ rather, it is to expose the assumptions that are hidden underneath our existing understandings. Simple-minded conceptions of rational choice are pretty useless in most areas of life, so why should anyone think these crude notions could enable us to understand markets? The answer is that human agency has been reduced to a process of calculation, leading to an ethically impoverished and deeply unrealistic view of society.

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A leaked draft of the national security document suggested that military conflict with another state will come only fourth in a list of potential threats to the UK, behind terror outrages by groups like al Qaida, cyber-attacks and natural disasters.

Today’s launch comes just days after the head of the Government’s GCHQ eavesdropping centre, Iain Lobban, warned of the very real danger of cyber-terrorism directed at the UK’s critical computer infrastructure.

He said that there were 20,000 malicious emails on Government networks every month, and significant disruption had been caused to official systems by electronic “worms”. Cyberspace had “lowered the bar for entry to the espionage game for states and criminals”.

Reports suggest that cyber-warfare could receive a £500 million boost in tomorrow’s SDSR.

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Amid the pressures of globalization, under the influence of interests that often remain fragmented, it is wise to propose a model of development built on fraternity: if it is inspired by solidarity and directed towards the common good, it will be able to provide correctives to the current global crisis. In order to sustain levels of food security in the short term, adequate funding must be provided so as to make it possible for agriculture to reactivate production cycles, despite the deterioration of climatic and environmental conditions. These conditions, it must be said, have a markedly negative impact on rural populations, crop systems and working patterns, especially in countries that are already afflicted with food shortages. Developed countries have to be aware that the world’s growing needs require consistent levels of aid from them. They cannot simply remain closed towards others: such an attitude would not help to resolve the crisis.

In this context, FAO has the essential task of examining the issue of world hunger at the institutional level and proposing particular initiatives that involve its member States in responding to the growing demand for food. Indeed, the nations of the world are called to give and to receive in proportion to their effective needs, by reason of that “pressing moral need for renewed solidarity, especially in relationships between developing countries and those that are highly industrialized” (Caritas in Veritate, 49).

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Like many members of Japan’s middle class, Masato Y. enjoyed a level of affluence two decades ago that was the envy of the world. Masato, a small-business owner, bought a $500,000 condominium, vacationed in Hawaii and drove a late-model Mercedes.

But his living standards slowly crumbled along with Japan’s overall economy. First, he was forced to reduce trips abroad and then eliminate them. Then he traded the Mercedes for a cheaper domestic model. Last year, he sold his condo ”” for a third of what he paid for it, and for less than what he still owed on the mortgage he took out 17 years ago.

“Japan used to be so flashy and upbeat, but now everyone must live in a dark and subdued way,” said Masato, 49, who asked that his full name not be used because he still cannot repay the $110,000 that he owes on the mortgage.

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The Obama administration backed away on Friday from a showdown with Beijing over the value of China’s currency that would have caused new frictions between the world’s only superpower and its largest creditor.

The Treasury Department delayed a much-anticipated decision on whether to label China as a currency manipulator until after the U.S. congressional elections on November 2 and a Group of 20 leaders summit in South Korea on November 11.

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Norway’s Nobel Peace Prize committee has done the right thing in awarding this year’s prize to Chinese dissident Liu Xiaobo. The furious reaction of the Chinese state shows just how complicated doing the right thing will become as we advance into an increasingly post-Western world.

Liu is exactly the kind of person who deserves this prize, alongside Andrei Sakharov, Aung San Suu Kyi and Nelson Mandela. For more than 20 years, he has consistently advocated nonviolent change in China, always in the direction of more respect for human rights, the rule of law and democracy. He has paid for this peaceful advocacy with years of imprisonment and harassment. Unlike last year’s winner, Barack Obama, who got the prize just for what he had promised to do, Liu gets it for what he has actually done.

The Chinese authorities tried hard to prevent him getting it. They directly threatened the Nobel committee with negative consequences for Chinese-Norwegian relations. They have since described the award as an “obscenity,” forbidden any mention of it in the censored Chinese media, placed Liu’s wife under house arrest, detained other critical intellectuals, canceled export talks with Norway ”” and are now doubtless debating how to play it from here.

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