Category : Provinces Other Than TEC

A Prayer for the Feast Day of James Hannington and the Martyrs of Uganda

Precious in thy sight, O Lord, is the death of thy saints, whose faithful witness, by thy providence, hath its great reward: We give thee thanks for thy martyrs James Hannington and his companions, who purchased with their blood a road unto Uganda for the proclamation of the Gospel; and we pray that with them we also may obtain the crown of righteousness which is laid up for all who love the appearing of our Savior Jesus Christ; who liveth and reigneth with thee and the Holy Spirit, one God, for ever and ever.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * International News & Commentary, Africa, Anglican Provinces, Church History, Church of Uganda, Religion & Culture, Spirituality/Prayer, Uganda

(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.

Read it all.

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--

Church of Pakistan and Church of England Announce Joint Venture

This week saw the launch by Bishop Alexander Malik, Bishop of Lahore, Church of Pakistan and Bishop Christopher Edmonson, Bishop of Bolton, Diocese of Manchester, Church of England of the Urdu version of Generous Love, a document of the Anglican Communion concerned with the theology underpinning interfaith conversation and dialogue.

The event was hosted in the House of Lords by Lord Ahmed of Rotherham and the Revd Rana Kahn, the Archbishop of Canterbury’s Interfaith Dialogues Assistant. The special guest was Dr Paul Bhatti, Advisor to the Prime Minister of Pakistan in matters relating to national harmony.

Read it all.

Posted in * Anglican - Episcopal, * International News & Commentary, Anglican Provinces, Asia, Church of England (CoE), Pakistan

(Bloomberg) Europe Struggles for Crisis Cure Ahead of Summit

The 14th crisis summit in 21 months starts with a meeting of all 27 European Union leaders at 6 p.m. The real business gets under way at 7:15 p.m. when chiefs of the 10 non-euro nations depart, leaving the rest to hash out a strategy that they already say requires more work.

The cancellation of a finance ministers’ meeting to precede the summit underscored the holes in the plan. The finance chiefs will now meet at an as-yet undetermined time after the summit to complete its main elements, including safeguarding banks and writing down Greek debt, according to an EU official.

Global exasperation with Europe’s response is deepening, with politicians from Australia to North America prodding the euro area to get ahead of the crisis before it infects the world economy.

Read it all.

Posted in * 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, G20, Greece, Ireland, Italy, Politics in General, Portugal, Spain, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

Eurozone summit – despair and backbiting in the corridors of power

Just when the eurozone governments thought it could not get worse for Europe’s single currency, it did.

Shell-shocked EU finance ministers meeting in Brussels on Saturday were already reeling from the worst Franco-German rift for over 20 years and a fractious failure to resolve the problems that have brought Greece, and the euro, close to the brink.

But then a new bombshell hit as a joint report by the EU and the International Monetary Fund (IMF) warned that, without a default, the Greek debt crisis alone could swallow the eurozone’s entire €440 billion bailout fund – leaving nothing to spare to help the affected banks of Italy, Spain or France….

Read it all.

Posted in * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Credit Markets, Currency Markets, Economy, England / UK, Euro, Europe, European Central Bank, Foreign Relations, France, Germany, Greece, Ireland, Italy, Politics in General, Portugal, Spain, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

The Anglican Church of Nigeria Condemns Prevailing atmosphere of Violence

The Church at its second Synod in Abeokuta, the Ogun State capital, also expressed concern over the fact that the reports of panels set up to investigate major crisis in the country have not been released to the public.

This may have also contributed to the reuption of more violence.

Delivering the Bishop’s Charge at the Synod, the Bishop of the Diocese of Egba West, Anglican Communion, Rev. Samuel Ogundeji, deplored the spate of violence and other forms insecurity in the land. He named Boko Haram, post election killings, bloodletting in Jos, the beleaguered Plateau State State capital and other parts of the city, as well as other forms of insecurity rocking parts of the country.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, Africa, Anglican Provinces, Church of Nigeria, Nigeria, Politics in General, Religion & Culture, Violence

US forces 'massing on Afghanistan-Pakistan border'

US forces are massing on the Pakistan border in eastern Afghanistan amid reports of an imminent drone missile offensive against fighters from the feared Haqqani Network, a Taliban faction which operates from safe havens in Pakistan’s North Waziristan Agency, Pakistan Army sources have confirmed.

The scale of the American build-up, including helicopter gunships, heavy artillery and hundreds of American and Afghan troops, caused panic in north Waziristan where tribal militias who feared they could be targeted gathered in the capital Miranshah to coordinate their response.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, Afghanistan, America/U.S.A., Asia, Defense, National Security, Military, Foreign Relations, Pakistan, Politics in General, War in Afghanistan

(AP) Somali militants threaten suicide attacks in Kenya

A spokesman for the Somali militant group al-Shabab is threatening Kenya with suicide attacks like those that killed 76 people in Uganda last year.

Al-Shabab spokesman Ali Mohamud Rage told a news conference in Mogadishu on Monday that Kenya must pull its troops out of Somalia. Lines of Kenyan troops poured into Somalia over the weekend. Kenyan officials say the country has the right to defend itself from Somalia’s most powerful militant group.

Read it all.

Posted in * Culture-Watch, * International News & Commentary, Africa, Kenya, Religion & Culture, Somalia, Violence

Episcopal priest Patrick Augustine Profiled in the Lacrosse (Wsiconsin) Tribune

The Rev. Patrick Augustine grew up a member of Pakistan’s often oppressed Christian minority, but he had to come to the United States to learn humility. As he’s done at every stop on his career, Augustine, rector of La Crosse’s Christ Episcopal Church on Main Street, has devoted himself to working for peace and reconciliation between people of different faiths.

Though a member of a tiny minority – Christians account for less than 2 percent of the Pakistani population – Augustine was accustomed to privilege.

Read it all.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * International News & Commentary, Asia, Episcopal Church (TEC), Ministry of the Ordained, Pakistan, Parish Ministry

(Local Paper Faith and Values Section) East Cooper-based agency tries to save lives in Sudan

Begun in October 2006 by Mount Pleasant-based Mustard Seed International, a Christian, all-volunteer ministry, the Akot clinic has become an all-consuming focus of Deans, Mustard Seed’s president, and a vital player in the lives of South Sudan’s residents.

Since 2009, its medical director, Dr. Clarke McIntosh, has contended with South Sudan’s 25 percent child mortality rate, malnutrition that affects about half the population and a high demand for basic medical care in an impoverished country that lacks infrastructure and basic social services.

Christian faith is what drives Deans and McIntosh. The men are responding to a clear calling, they said, and have devoted themselves to the task at hand: to improve the lives of the region’s people and introduce them to the word of God.

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * International News & Commentary, * South Carolina, Africa, Health & Medicine, Missions, Parish Ministry, Sudan

Scottish Episcopal Church considers changing stance on same sex marriages

The head of Scotland’s Episcopal Church has launched a veiled attack on the opposition from senior Catholics to same-sex marriage, claiming it raises “significant issues” about the “relationship between church and state”.

In an intervention that shows the deepening split in Scotland’s faith communities over the issue, the Most Rev David Chillingworth, Primus of the Scottish Episcopal Church, defends the SNP government’s “right” to give full legal status to gay wedding ceremonies.

Writing in The Scotsman today, Rev Chillingworth, who is also the Bishop of St Andrews, Dunkeld and Dunblane, hints that his church may “consider changing our canonical definition of marriage”.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * International News & Commentary, --Civil Unions & Partnerships, Anglican Provinces, Anthropology, England / UK, Ethics / Moral Theology, Law & Legal Issues, Marriage & Family, Religion & Culture, Scotland, Scottish Episcopal Church, Sexuality, Theology, Theology: Scripture

Primus of the Scottish Episcopal Church–The same-sex marriage issue requires considered thought

In the Scottish Episcopal Church, we’re thinking about our response to the Scottish Government’s consultation on same-sex marriage and other related issues. The definition of marriage set out in our Canons is that, “marriage is a physical, spiritual and mystical union of one man and one woman”. That is the position of our church. It’s a difficult issue for us ”“ as it is for all churches and faith groups. We have among our membership people who feel passionately that change is needed ”“ and those who feel equally strongly that we should resist any attempt to broaden society’s understanding of marriage. The consultation period is very short. Among the things we shall say will be that if ”“ and it’s a big “if” ”“ we were to consider changing our canonical definition of marriage, that would require a two-year process in our General Synod, the outcome of which could not be predicted with any certainty.

We haven’t got involved in public debate about this. We’ve been asked for our view and we shall give it in a considered manner ”“ believing that the time for public debate comes later. However, it seems to me that some of the points being made ”“ particularly comments from our ecumenical partners in the Catholic Church ”“ raise significant issues about how we understand the relationship between church and state. They also raise important questions about the nature of the church itself.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * International News & Commentary, --Civil Unions & Partnerships, Anglican Provinces, Anthropology, England / UK, Ethics / Moral Theology, Law & Legal Issues, Marriage & Family, Religion & Culture, Scotland, Scottish Episcopal Church, Sexuality, Theology, Theology: Scripture

BBC–Life in Uganda, where in one place child sacrifice is a business

The villages and farming communities that surround Uganda’s capital, Kampala, are gripped by fear.

Schoolchildren are closely watched by teachers and parents as they make their way home from school. In playgrounds and on the roadside are posters warning of the danger of abduction by witch doctors for the purpose of child sacrifice.

The ritual, which some believe brings wealth and good health, was almost unheard of in the country until about three years ago, but it has re-emerged, seemingly alongside a boom in the country’s economy.

I happened to catch this on the BBC World News this morning. Be warned the content is disturbing–read it all; KSH.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Africa, Children, Economy, Uganda, Violence

Anglican Archbishop of Cape Town Condemns "Thuggery" Against Zimbabwean Church

The Anglican Archbishop of Cape Town, the Most Revd Dr Thabo Makgoba, said today that the dispute within the Anglican Church in Zimbabwe was “a result not of schism but of thuggery.”

In a statement issued after visiting Zimbabwe with Archbishop Rowan Williams of Canterbury at the weekend, Archbishop Makgoba said members of a pro-Mugabe breakaway faction of the church under deposed bishop Nolbert Kunonga were being “helped to steal church property without recourse.”

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, Africa, Anglican Church of Southern Africa, Anglican Provinces, Foreign Relations, Law & Legal Issues, Politics in General, Religion & Culture, South Africa, Violence, Zimbabwe

A (London) Times article on Kelvin Holdsworth's Sermon–Catholic views ”˜unpleasant’

A leading cleric has launched a withering attack on the Catholic leaders of a campaign against gay marriage, labelling them “out of touch, arrogant, conceited and rude” and warning that they risk damaging the reputation of the wider Christian community.

In a sermon that exposed the gap between liberal and traditional opinion, the Very Reverend Kelvin Holdsworth, Provost of the Episcopal Cathedral Church of St Mary the Virgin, Glasgow, called the views of senior Catholics on gay marriage “unpleasant and ill-judged”. They “embarrassed” him.

[The] Rev Holdsworth was preaching a month after the Scottish government launched its consultation on same-sex marriages. Nicola Sturgeon, Deputy First Minister, said that the Government tended towards the opinion that they should be introduced.

Read it all (requires subscription).

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * International News & Commentary, * Religion News & Commentary, Anglican Provinces, England / UK, Ethics / Moral Theology, Ministry of the Ordained, Other Churches, Parish Ministry, Pastoral Theology, Preaching / Homiletics, Roman Catholic, Scotland, Scottish Episcopal Church, Theology

Kelvin Holdsworth's Sermon Criticizing the Scottish R.C. Church's Response to Same Sex Marriage

Kelvin Holdsworth is the Provost of the Episcopal Cathedral Church of St Mary the Virgin in Glasgow.

You can watch and listen to the sermon here under the date of 9 October 2011 (it lasts some 12 minutes). His text is “The Parable of the Wedding Banquet” which is in Matthew 22:1-14.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Anglican Provinces, England / UK, Law & Legal Issues, Ministry of the Ordained, Other Churches, Parish Ministry, Politics in General, Preaching / Homiletics, Religion & Culture, Roman Catholic, Scotland, Scottish Episcopal Church

(Zenit) Glasgow Archbishop Faults Scotland’s same-sex ”˜marriage’ move

An ideology that sees any structure or ethical system as “inimical to human freedom” is at the root of Scotland’s move toward same-sex “marriage,” according to the archbishop of Glasgow.

In a statement released Sunday, Archbishop Mario Conti explained the Church’s opposition to same-sex “marriage.” His statement is part of a national marriage-defense campaign launched across Scotland’s 500 Catholic parishes.

The Scottish government is holding a consultation on whether same-sex “marriage” should be introduced.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, --Civil Unions & Partnerships, England / UK, Law & Legal Issues, Marriage & Family, Other Churches, Politics in General, Religion & Culture, Roman Catholic, Scotland, Sexuality

(Belfast Telegraph) Church of Ireland Clergy told: watch what you say on same sex unions

Church of Ireland bishops have urged their members to refrain from actions or language which could deepen the controversy of same-sex relationships within the Church.

In their Pastoral letter issued yesterday, the 12 bishops from all over Ireland also confirmed that there will be a major conference next spring on the issue, and also committed themselves to additional meetings, including a retreat where they will study and pray together.

They ask people of all shades of opinion within the Church of Ireland to refrain from any actions or the use of emotive or careless language which may further exacerbate the situation.

Read it all.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * International News & Commentary, Anglican Provinces, Church of Ireland, England / UK, Ireland, Ministry of the Ordained, Parish Ministry, Religion & Culture, Same-sex blessings, Sexuality Debate (in Anglican Communion)

In Jamaica, Bishop Reid still burning with the fire

The Right Reverend Alfred Reid, Bishop of Jamaica and The Cayman Islands, has dedicated his life to selflessly ministering to the spiritual and physical needs of others for more years than he can remember.

Enthroned as the 13th Bishop of Jamaica in the Cathedral Church of St Jago de la Vega on January 25, 2001, succeeding the Reverend and Honourable Neville deSouza, Bishop Reid joins a list of several outstanding Anglican leaders who have been change agents in the Anglican movement in Jamaica.

In fact, Bishop Reid has been credited with revolutionising the way the Anglican faith is practised in Jamaica.

Read it all and please note you may find out more about the diocese at their website here.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, - Anglican: Latest News, Anglican Provinces, Ministry of the Ordained, Parish Ministry, West Indies

A Statement From The Archbishops And Bishops Of The Church Of Ireland

We met over three days in an atmosphere of prayer and worship to reflect on current disquiet in the Church caused by disagreements on the matter of human sexuality. We acknowledge that this tension is a cause of distress to many.

Our discussions were frank and careful and, at times, painful. We committed ourselves to listen carefully to one another and speak openly about our differences within the context of a variety of reactions within the Church. Strengthened by our honest interchange of views, we corporately agreed a way forward.

Read it all.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * International News & Commentary, --Civil Unions & Partnerships, Anglican Provinces, Church of Ireland, England / UK, Ireland, Law & Legal Issues, Liturgy, Music, Worship, Ministry of the Ordained, Parish Ministry, Religion & Culture, Same-sex blessings, Sexuality, Sexuality Debate (in Anglican Communion)

(Telegraph) Pakistan frees Osama bin Laden bodyguard

Pakistan has freed a senior al-Qaeda commander, who served as a bodyguard to Osama bin Laden, according to a senior security source, raising fresh questions about the country’s commitment to tackling terrorism.

Amin al-Haq, who escaped from Afghanistan with the al-Qaeda leader in 2001 and went on to become a key financial aide, was detained in Lahore three years ago by Pakistan’s intelligence agency.

A senior security source in the north-western Pakistani town of Peshawar, where he had been held, said the Inter-Services Intelligence agency had passed al-Haq on to the police before he was released earlier this month.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, Asia, Defense, National Security, Military, Foreign Relations, Pakistan, Politics in General, Terrorism

Bishop of Barbados: Anglican church alive and well

The Bishop told Starcom Network Inc. yesterday it was a matter of people choosing which Sunday to attend church.

“I think the Anglican Church in Barbados is healthy,” he said. “The strength is there on the ground, in the parishes. What we normally have in our church is sometimes persons choosing which Sunday, or which hour on a Sunday, they would attend. So you would never get all of them at the same time in the same place.”

Holder, who is also Archbishop of the West Indies, said this had been a regular practice by members of the Anglican faith “for a long time”.

Read it all.

Posted in * Anglican - Episcopal, Anglican Provinces, West Indies

Boeing delivers first 787–ceremony marks triumph over challenges

Boeing Co. handed over the key for its first 787 wide-body jet to All Nippon Airways on Monday after years of delays, marking a long-awaited milestone in the history of commercial flight.

Thousands of workers gathered for the ceremony at Paine Field, outside the building where the planes are assembled, with many finding shelter from the rain under the wings of two yet-to-be-delivered 787s. The actual first ANA 787 was nearby at the Future of Flight aviation center, where it was being prepared for a reception Monday night and its flight to Japan today. The plane goes into service in November.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * South Carolina, Asia, Corporations/Corporate Life, Economy, Globalization, Japan, Science & Technology

Archbishop Benjamin Kwashi's Sermon on World Mission Sunday at All Soul's Langham Place

Listen to it all (a little under 28 1/2 minutes).

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * International News & Commentary, * Religion News & Commentary, Africa, Anglican Provinces, Church of England (CoE), Church of Nigeria, Islam, Ministry of the Ordained, Muslim-Christian relations, Nigeria, Other Faiths, Parish Ministry, Preaching / Homiletics, Violence

Allafrica: An interview with Nigerian Bishop Emmanuel Olisa Chukwuma

What is your opinion on the Federal Government directive that the Minister of Defence should take over security in Jos?

I think it is a better step in the right direction that the Minister of Defence should take over because the way we see the whole thing, it seems that the security in Plateau State has collapsed. And this is the failure of the Inspector-General of Police. The police is to protect lives and secure the lives and property of people but since all these days, these killings have continued and we wonder when it would stop and so, I think, we have lost confidence in the police. I think, therefore, the IG (Inspector-General of Police) should be retired with immediate effect because this was what happened when there was kidnapping in the East….

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, Africa, Anglican Provinces, Church of Nigeria, Law & Legal Issues, Nigeria, Politics in General, Religion & Culture

Ambrose Evans-Pritchard–Geithner Plan for Europe is last chance to avoid global catastrophe

The reserve powers would be well advised to pull out all the stops to save Europe and its banking system. Together they hold $10 trillion in foreign bonds. If they agreed to rotate just 4pc of these holdings ($400bn) into Spanish, Italian, and Belgian debt over the next two years, they could offer a soothing balm. None has yet risen to the challenge. It is `sauve qui peut’, with no evidence of G20 leadership in sight.

Once again, the US has had to take charge. The multi-trillion package now taking shape for Euroland was largely concocted in Washington, in cahoots with the European Commission, and is being imposed on Germany by the full force of American diplomacy.

It is an ugly and twisted set of proposals, devised to accomodate Berlin’s refusal to accept fiscal union, Eurobonds, and an EU treasury. But at least it is big.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Credit Markets, Currency Markets, Economy, England / UK, Euro, Europe, European Central Bank, Federal Reserve, Foreign Relations, G20, Germany, Globalization, Greece, Ireland, Italy, Politics in General, Spain, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government, Treasury Secretary Timothy Geithner

(Washington Post) In Europe, bonds deemed risk-free fueled debt crisis, analysts say

Before the euro zone, individual countries issued bonds in their local currency and could print more of it, whether it be francs, lire or drachmas, if a crisis was making it difficult to pay off the loans.

Today, with the European Central Bank in charge of euros, governments in Athens, Rome and elsewhere no longer control the “printing press.” Yet even as individual governments lost the power to pay off debts by printing money, the politics and regulations of the euro zone encouraged banks, insurance companies and other financial firms to load up on government bonds ”” and countries to issue them.

The “persistence in sustaining risk-free status .”‰.”‰. has, in our view, directly contributed to the development and severity of recent market turmoil,” Achim Kassow, a member of the board of managing directors of Germany’s Commerzbank, wrote in a recent study of the bank rule for the European Parliament. “Both the course and the severity of the crisis can clearly be tied to incentives set by current regulation.”

Read it all.

Posted in * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Credit Markets, Currency Markets, Economy, England / UK, Euro, Europe, European Central Bank, France, Germany, Greece, Ireland, Italy, Portugal, Spain, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

Pakistan’s Spy Agency Is Tied to Attack on U.S. Embassy

The nation’s top military official said Thursday that Pakistan’s spy agency played a direct role in supporting the insurgents who carried out the deadly attack on the American Embassy in Kabul last week. It was the most serious charge that the United States has leveled against Pakistan in the decade that America has been at war in Afghanistan.

In comments that were the first to directly link the spy agency, the Directorate for Inter-Services Intelligence, with an assault on the United States, Adm. Mike Mullen, the chairman of the Joint Chiefs of Staff, went further than any other American official in blaming the ISI for undermining the American effort in Afghanistan. His remarks were certain to further fray America’s shaky relationship with Pakistan, a nominal ally.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Asia, Defense, National Security, Military, Foreign Relations, Pakistan

Ambrose Evans-Pritchard–Global Economic Fear gauge enters the red zone

Key indicators of credit stress have reached the danger levels seen before the Lehman Brothers failure three years ago, with Markit’s iTraxx Crossover index ”“ or “fear gauge” ”“ of corporate bonds surging 56 basis points to 857 on Thursday….

The yield spread between Italian 10-year bonds and Bunds reached a fresh record of 408 basis points before the European Central Bank (ECB) intervened in late trading. It is near the level at which LCH.Clearnet raises margin requirements, the trigger that forced Greece, Portugal and Ireland to request bail-outs.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Credit Markets, Currency Markets, Economy, England / UK, Euro, Europe, European Central Bank, France, G20, Germany, Globalization, Greece, Ireland, Italy, Portugal, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

(ACNS) Diocese of Hyderabad issues Pakistan Flood Appeal

The Diocese of Hyderabad has launched an appeal for funds to help its local flood-stricken community, and the ACT Alliance has issued an appeal for Pakistan ”“ hit by severe flooding for the second time in just two years.

Over 5.4 million people have been affected by the floods that have hit Sindh province, southern Punjab and north-eastern Balochistan. Already 248 people have died, and communities that had barely recovered from the devastating floods of last year have seen their homes and livelihoods destroyed a second time.

Read it all.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * General Interest, * International News & Commentary, Asia, Charities/Non-Profit Organizations, Natural Disasters: Earthquakes, Tornadoes, Hurricanes, etc., Pakistan, Parish Ministry, Pastoral Care