This is what a day looks like for Jennifer M. Granholm, the governor of Michigan, the state that sits, miserably, at the leading edge of the nation’s economic crisis.

Morning: Rev up government workers and ministers at a huge conference in Detroit to cope with expanding signs of poverty. Afternoon: Tell a room crushed with reporters here, in the state capital, why a federal bailout is essential for the Big Three automakers, who are also, of course, residents of her state. Evening: Pack for Israel and Jordan, where Ms. Granholm hopes to persuade companies that work with wireless electricity, solar energy and electric cars to bring their jobs to Michigan.

Whatever else Ms. Granholm, a Democrat in her second term, might once have dreamed of tackling as a governor (she barely seems to recall other realms of aspiration now), the economy is nearly all she has found herself thinking about, talking about, fighting about over the last six years. And Michigan, which has been hemorrhaging jobs since before 2001 and was once mainly derided in the rest of the nation as a “single-state recession,” now looks like an ominous sketch of just how bad things may get.

“This has been six straight years of jobs, jobs, jobs,” Ms. Granholm said, punctuating the word with three somber claps at her office table. Despite scathing critiques from some here who say she has failed to turn around Michigan’s woes, Ms. Granholm said in an interview that she still believed that her efforts to remake the state’s economy ”” in part by luring jobs that make something other than cars ”” would eventually overcome the steady stream of vanishing jobs.

Read it all from the front page of Saturday’s New York Times.

Wooden shutters and brick have replaced the silk curtains. Salvaged wood from a barn will stand in for the ruby-tinted glass. As for the chandelier, well, there is no chandelier.

“There’s a shift to get away from glitz,” Ms. Kaufman said. “I’m almost starting to feel that luxury is a dirty word.”

It is no secret that consumers are cutting back, anxious about jobs, plummeting home values and shrinking retirement savings. But that belt-tightening seems to have also prompted a reconsideration of what is acceptable consumerism even for those relatively unaffected by the economic cataclysm.

When just about everyone is making do with less, sometimes much less, those $2,000 logo-laden handbags and Aspen vacations can seem in poor taste. “Luxe” is starting to look as out of fashion as square-toed shoes.

What a welcome change this is. Read it all.

When the Diocese of Fort Worth voted Nov. 15 to become the fourth American diocese to leave The Episcopal Church, the leadership of the Common Cause Partnership (CCP) scheduled a constitutional convention in the Chicago area Dec. 3 to form a new North American Anglican province. The event will be followed by “a province-by-province visitation and appeal for recognition of the separate ecclesiastical structure in North America.”

Significant details about the plan were revealed in a short AnglicanTV internet video clip containing remarks delivered by Bishop Robert Duncan of Pittsburgh and Bishop Bill Murdoch, a missionary bishop to the U.S. consecrated by the Anglican Church of Kenya.

Read the whole thing and please take the time to view the video interview here.

The Anglo-Catholic movement in America is dead, the Rt Rev Jack Iker said following the secession of the Diocese of Fort Worth from the Episcopal Church on Nov 15.

By a margin of almost four to one, the 225 members of the Fort Worth Synod meeting at St Vincent’s Cathedral in Bedford, Texas, on Nov 14-15 passed the second readings of five constitutional amendments severing America’s last traditionalist Anglo-Catholic diocese from the Episcopal Church and adopted a motion affiliating with the Province of the Southern Cone.

Over the last 12 months three other American dioceses: San Joaquin, Pittsburgh and Quincy have quit the Episcopal Church over its innovations in doctrine and discipline to take temporary refuge in the Province of the Southern Cone, pending the formation of a Third Province in North America for traditionalist Anglicans. Fort Worth was the last diocese in the Episcopal Church, after the defection of Quincy last week and San Joaquin in 2007, to decline to license or ordain women to the priesthood.

Its departure marks the end of the traditionalist Anglo-Catholic movement in the US church Bishop Iker said. “The Anglo-Catholic branch is more than just wearing fancy vestments,” he explained. “It is the use of the Vincentian Canon;” the fifth century monk St Vincent of Lerins taught the mark of the Catholic Church was that it held a once-for-all received faith, witnessed everywhere and by all. [Quod ubique, quod semper, quod ab omnibus creditum est.]

Read it all.

The departure of Quincy and three other conservative dioceses raises questions about the future of the Episcopal Church. The church, led by Bishop Katharine Jefferts Schori, represents the U.S. branch of the 77-million-member worldwide Anglican Communion. However, leaders of the conservative breakaway dioceses are pushing for a second province in North America. Approval of an additional province by the archbishop of Canterbury would be unprecedented and pose a strong challenge to the Episcopal Church.

“You have some significant, traditionalist Episcopal dioceses that no longer feel that they have a future in the Episcopal Church. That’s a tragedy,” said Rev. Kendall Harmon, a theologian in the Episcopal Diocese of South Carolina. “Now, we also have a bigger group that’s trying to organize, link with the Global South and compete as Anglicans within the same territory. It will be interesting to see how the leadership of the Anglican Communion responds to this.”

Read the whole article.

What profit is an idol when its maker has shaped it, a metal image, a teacher of lies? For the workman trusts in his own creation when he makes dumb idols!

Woe to him who says to a wooden thing, Awake; to a dumb stone, Arise! Can this give revelation? Behold, it is overlaid with gold and silver, and there is no breath at all in it.

But the LORD is in his holy temple; let all the earth keep silence before him.

–Habakkuk 2:18-20

As economic news has worsened and recession appears inevitable, Americans’ spending habits have swung from one definition to another.

Spendthrift to frugal, in record time.

After years of free-spending and saying “charge it” at every turn, Americans are using words such as “scrimp and save” and “scrape up some cash.” Now, they’re cutting back on almost all fronts, regardless of how much they earn. According to a recent USA TODAY/ Gallup Poll, 55% say they’ve cut household spending as a result of lower prices in the stock market and fears about the economy. Just slightly more say they’ll spend less on Christmas gifts this year than last.

Read it all. If this becomes a real trend, will it not be a good thing? What was it John Wesley said–earn all you can, save all you can, give all you can–KSH

Gov. Mark Sanford won his first national election Friday.

By the looks of it, being voted chairman of the Republican Governors Association won’t be the two-term South Carolina governor’s last ride on the national stage.

Sanford was about the only one in political circles who missed the buzz about this future Friday, as the GOP tries to find new leadership to pick itself up from a devastating Election Day defeat. The Washington Post dropped his name in a story Friday on a short list of potential GOP candidates for president in 2012.

He hadn’t read it. He’d have to find a copy.

So, is he interested in the job?

Sanford: pause.

And finally, “I’ve learned that you never say never in life. My time in politics has been a strange collision of doors opening. It’s not where I’m aimed, not where I’m focused, but you never say never.”

U.S. Sen. Lindsey Graham, a fellow Republican, said he’s happy for his longtime friend. They served in Congress together in the 1990s.

Read it all from the front page of Saturday’s local paper.

Update: The governor was on CNBC’s Squawk Box this past Thursday morning; the interview is well worth the time.

Because the health plans currently on offer were devised early this year, long before the full magnitude of the financial market meltdown and global recession were evident, experts predict that benefit offerings a year from now during sign-up season could demand that employees dig even deeper into their own pockets.

“Many more big companies will be making dramatic changes in their health plans next year, as the effects of the economic crisis become clear,” said Helen Darling, the president of the National Business Group, a national association of large employers.

Heading into the current enrollment period, the number of workers and their families covered by high-deductible plans has been growing 20 to 30 percent a year, to about 12 million, said Steve Davis, managing editor of Inside Consumer-Directed Care, a trade newsletter. While not a small number, it did represent only about 7.5 percent of the 158 million people with employer-sponsored coverage.

More telling, perhaps, is the fact that of the 12 million people covered by high-deductible plans, fewer than one-quarter of them have a health savings account in which there is actually money, according to Mr. Davis. To help offset their high out-of-pocket costs, most employees who receive a savings-plan contribution from their employers burn through it that same year, rather than bank it.

Read it all.

IF you’ve been chewing your nails, wondering what the next few months have in store for you, imagine what the mood is like for charities and nonprofit groups, which depend on the kindness of strangers to keep sending money their way.

“For the last 45 days we have not had a daily deposit,” said Mark Holleran, chief executive of Central Arizona Shelter Services, an organization of three homeless shelters in Phoenix. “That may not sound like a lot, but we always had some money coming in every day. I’ve been here 13 years and I’ve never seen this.”

Mr. Holleran describes the drop in small, daily donations as one of the many “little road signs” that he is seeing right now, signaling trouble ahead.

Another, he said, was when a neighboring charity, which had long donated food to his shelters, was forced to start charging them for it. “Their donations are down too, and they’re getting less in-kind donations,” he said.

Read it all.

A number of retailers and manufacturers have a gift for holiday shoppers: product packaging that will not result in lacerations and stab wounds.

The companies, including Amazon.com, Sony, Microsoft and Best Buy, have begun to create alternatives to the infuriating plastic “clamshell” packages and cruelly complex twist ties that make products like electronics and toys almost impossible for mere mortals to open without power tools.

Impregnable packaging has incited such frustration among consumers that an industry term has been coined for it ”” “wrap rage.” It has sent about 6,000 Americans each year to emergency rooms with injuries caused by trying to pry, stab and cut open their purchases, according to the Consumer Product Safety Commission.

“I shouldn’t have to start each Christmas morning with a needle nose pliers and wire cutters,” said Jeffrey P. Bezos, the father of four young children and founder of Amazon.com. “But that is what I do, I arm myself, and it still takes me 10 minutes to open each package.”

Wrap rage. Lol. is there anyone who can’t identify with this problem? Read it all–KSH

“It’s ushered in a new generation of leadership,” said [the Rev.] Mr. [David] Brawley, 40, the incoming pastor of Saint Paul Community Baptist Church in Brooklyn. “It symbolizes the Moses generation passing the baton to the Joshua generation. So the Obama presidency presents us with both an opportunity and a challenge.”

The shift is more than simply chronological. The generational dividing line during the Democratic primaries found many of the established leaders of black Christianity ”” Calvin O. Butts III, Floyd H. Flake, Jesse Jackson, Al Sharpton, Suzan Johnson Cook ”” either supporting Senator Hillary Rodham Clinton or staying conspicuously neutral. Mr. Obama’s director of religious affairs, meanwhile, was a 25-year-old Pentecostal minister, Joshua Dubois.

By their life experiences alone, the younger echelon of black clergy sees America differently than the elders whom it learned from and indeed reveres.

Mr. Obama’s speech on race in Philadelphia last March made this exact point, as he tried to distinguish his moderate stance from the sharp, prophetic rhetoric of his longtime pastor, the Rev. Jeremiah A. Wright Jr. of Trinity United Church of Christ in Chicago.

Read it all.

President-elect Barack Obama said the government needs to provide help to U.S. automakers on condition that management, labor and lenders come up with a plan to make the industry “sustainable.”

“For the auto industry to completely collapse would be a disaster in this kind of environment — not just for individual families but the repercussions across the economy would be dire,” Obama said in an interview broadcast this evening on CBS News’s “60 Minutes.” Government aid could come in the form of a “bridge loan,” he suggested.

Under normal circumstances, Obama said, allowing General Motors Corp. to enter bankruptcy, undergo a restructuring and then emerge as “a viable operation” might have been a preferred route. If that were to happen now, he said, “you could see the spigot completely shut off so that it would not potentially permit GM to get back on its feet.”

Read it all.

According to [Richard] Turnbull, the Church of England Evangelical Council will now take its own vote on the resolution. That will not mean a split away from the Church of England, but it does mean the right of orthodox churches to break away from their liberal bishops.

That will result in chaos, conference-goers said: it will enable liberal churches to step out of an evangelical diocese, to realign with the American Church for example ”“ and chaos in England will be complete. “That would be disastrous to the opportunities for the gospel here”, Bishop Keith Sinclair said. He is hoping that CEEC will take a decision that reflects a broader perspective of parties that strive for Anglican unity on the basis of the truth of the gospel.

In the morning, Bishop Michael Nazir-Ali of Rochester had called the Fellowship of Confessing Anglicans “a movement under God”. “God is always providing movements when the Church needs them: the missionary movements of the nineteenth century, the charismatic movement in the last century, and now this movement which is calling the Church to remain faithful to the gospel.”

Read it all.

As for Mr Obama, he has a chance to restore America’s moral leadership. That is not something he should do by scouring the world in search of new monsters to slay. Nor, though, can a war-weary America turn its back on people threatened by ethnic cleansing or genocide. Since 2005 the UN has accepted a responsibility to protect people in such cases, so this is not a burden for America alone. But since the UN has no army, and no other countries have the military resources America boasts, there may be times when only the superpower can move soldiers swiftly where they are needed.

Should that call come, Mr Obama will need the courage to respond, notwithstanding Americans’ fatigue. In extremis, if the danger is great and veto-wielding members of the Security Council block the way, he and others might have to act without the Security Council’s blessing, as NATO did in Kosovo. Far better would be an early effort by Mr Obama to reach agreement on the rules to apply and forces to earmark so that the UN can actually exercise its collective responsibility to protect. That will be hard, but Mr Bush was actively hostile to such work. How fitting if the next president made possible a genuinely global response to the next Rwanda, Congo or Darfur.

Read it all.

As you know, there are a lot of factors to consider when choosing a church. Finding a comfortable theological fit is key. Good music is important, as are activities for the kids. You don’t want to be stuck at a church with mediocre potluck fare. The old adage that 11 o’clock on Sunday morning is the most segregated hour in America is still largely true, but I’m guessing you’ll want to find a congregation that has at least some racial diversity. That will be difficult if you want to find another UCC church, which is, as you know, a predominantly white denomination. And let’s be honest: a top concern will be finding a pastor who is, shall we say, not Jeremiah Wright….

Your predecessors dealt with church attendance in various ways. Jimmy Carter taught Sunday school at a Baptist church in Virginia while he was President. Ronald Reagan didn’t go to church at all, citing the hassle of making a church set up security screening for parishioners. The Clintons drove down the street every Sunday to Foundry United Methodist, where Chelsea sang in the youth choir. George W. Bush never became a regular member of any local church, preferring to worship most often at the chapel at Camp David.

Read it all.

Under a discernment plan approved by convention delegates Nov. 7-8, a task force in the Diocese of Eau Claire will consider five options for the diocese’s future. These range from electing a full-time diocesan bishop to replace the Rt. Rev. Keith Whitmore, to dissolving the diocese.

Other options include the election of a part-time or bi-vocational bishop, hiring a provisional bishop, or junctioning with another diocese””most probably Fond du Lac””to form a new diocese.

Read it all.

Hardline opponents of an auto industry bailout branded the industry a “dinosaur” whose “day of reckoning” is near, while Democrats pledged Sunday to do their best to get Detroit a slice of the $700 billion Wall Street rescue in this week’s lame-duck session of Congress.

The companies are seeking $25 billion from the financial industry bailout for emergency loans, though supporters of the aid for General Motors Corp., Ford Motor Co. and Chrysler LLC have offered to reduce the size of the rescue to win backing in Congress.

Senate Democrats intended to introduce legislation Monday attaching an auto bailout to a House-passed bill extending unemployment benefits; a vote was expected as early as Wednesday.

A White House alternative would let the car companies take $25 billion in loans previously approved to develop fuel-efficient vehicles and use the money for more immediate needs. Congressional Democrats oppose the White House plan as shortsighted.

Read it all. I happened to catch Senators Shelby and Levin debating this on Meet the Press on the way home from morning worship–check that out also.

You put this much leverage together with this much global integration with this much complexity and start the crisis in America and you have a very explosive situation.

If you are going to fight a global financial panic like this, you have to go at it with overwhelming force ”” an overwhelming stimulus that gets people shopping again and an overwhelming recapitalization of the banking system that gets it lending again. I just hope the U.S. Treasury has enough money to do it. When you look at the way A.I.G. and Fannie Mae and Freddie Mac are eating money, you start to wonder.

And that brings me back to Obama. We need a leader who can look the country in the eye and say clearly: “We have not seen this before. There are only two choices now, folks: doing everything we can to shore up banks and homeowners or risk a systemic meltdown.”

Yes, that may mean rescuing some bankers who don’t deserve rescuing, while also helping prudent bankers who were doing the right things. And, yes, that may mean rescuing reckless home buyers who never should have taken out mortgages and now can’t pay them back, while not aiding people who saved prudently and are still meeting their mortgage payments.

Read the whole thing.

4. A Republican candidate could have won the presidency this year.

I doubt it. In the hastily penned postmortems of campaign ’08, much of the blame for McCain’s loss seems to have fallen at the feet of the candidate and his advisers, who (so the narrative goes) made a series of lousy strategic decisions that wound up costing the Arizona senator the White House. There’s little question that some of the choices McCain and his team made — the most obvious being the impulsive decision to suspend his campaign and try to broker a deal on the financial rescue bill, only to see his efforts blow up in his face — did not help. But a look at this year’s political atmospherics suggests that the environment was so badly poisoned that no Republican — not Mitt Romney, not Mike Huckabee, not even the potential future GOP savior, Louisiana Gov. Bobby Jindal — could have beaten Obama on Nov. 4.

Why not? Three words (and a middle initial): President George W. Bush.

In the national exit poll, more than seven in 10 voters said that they disapproved of the job Bush was doing; not surprisingly, Obama resoundingly won that group, 67 percent to 31 percent. But here’s an even more stunning fact: While 7 percent of the exit-poll sample strongly approved of the job Bush was doing, a whopping 51 percent strongly disapproved. Obama won those strong disapprovers 82 percent to 16 percent. And Bush’s approval numbers looked grim for the GOP even before the September financial meltdown.

Just one in five voters in the national exit polls said that the country was “generally going in the right direction.” McCain won that group 71 percent to Obama’s 27 percent. But among the 75 percent of voters who said that the country was “seriously off on the wrong track,” Obama had a thumping 26-point edge.

Those numbers speak to the damage that eight years of the Bush administration have done to the Republican brand. It’s a burden that any candidate running for president with an “R” after his — or her — name would have had to drag around the country.

Read it all.

In a speech to conservative evangelicals, who debated proposals for a new “church within a church”, the Rt Rev Michael Nazir-Ali said that there has been a lack of discipline.

Traditionalists have been upset that the Episcopal Church escaped punishment despite consecrating Gene Robinson as Anglicanism’s first openly gay bishop.

The Bishop of Rochester told clergy that the new movement was equivalent to the Reformation in the sixteenth century, which led to the establishment of the Church of England.

He said that the Church has become too “wishy-washy” and urged evangelicals to stand against the liberal agenda.

“No Church can be effective without discipline,” said Dr Nazir-Ali.

Read it all.

Ms. [SHARON] HOURIGAN: I saw the teachers that were, you know, sitting in broken chairs and, you know, falling out of them half the time, and they would spend their money on supplies for the classroom. They would take their free time to tutor the kids, and it was just incredibly appalling to me that after all of this time, after 30 years of this kind of service, that they would be treated so shabbily ”” just appalling.

[LUCKY] SEVERSON: Denying the union was not a risky venture because the diocese knew the law, as it is now, is on its side. In 1979, the U.S. Supreme Court ruled that Catholic teachers were not protected by the National Labor Relations Act because they weren’t included in it. But when the act was written, the vast majority of Catholic teachers were nuns and priests. Now it’s different. Today nine out of 10 teachers are lay teachers.

In a last ditch effort to get union protection under state law, the Pennsylvania House is debating legislation, known as House Bill 2626, which is similar to laws already enacted in three states. It would force the diocese to bargain collectively with teachers’ unions in religious schools of all faiths and allow them to bring grievances to the Pennsylvania Labor Relations Board ”” a bill the diocese strongly opposes.

Prof. [BRIAN] BENESTAD: If the Catholic schools are required to recognize the union, then you’re going to have government, you know, intervening in the school, making decisions about whether the bishops’ invocation of doctrine is really genuine.

Read it all.

The first invitation to the Lambeth Conference was given by Archbp. Rowan in May 07. The invitation included the bishops of TEC (except Gene Robinson or those consecrated under the jurisdiction of African provinces to serve in the US with disaffected parishes from TEC). The Windsor process set up to identify what was at stake in the Anglican communion after that consecration in 2003, and how the Communion should respond was still ongoing as TEC had been given until 30 Sept to intimate whether they would be complying with the requests made of them by the Primates meeting which had taken place in Dar es salaam in Feb. They and had not yet done so. Would an invitation to Lambeth before that date be like a letting off the hook? What would the impact of the invitation be in other parts of the Communion. The answer soon came.

The Archbishop of Uganda declared that those who consecrated Gene Robinson, and had not repented or apologised for that consecration, were just as responsible for the breach in the Communion as Gene Robinson himself, and if those TEC bishops were to attend Lambeth neither he nor the other bishops of Uganda would be coming.

Vinay Samuel in his recent address to the Reform Conference identifies this moment, this invitation given to the TEC, as being the trigger for GAFCON. I think he is right about that. At GAFCON in my conversations with African Bishops, this was the moment when they became convinced that nothing would be done to discipline TEC. From then on, other provinces declared they would not be coming to Lambeth.

Read it all.

“We’re delighted, we’re ecstatic, we’re so excited to move forward now,” said Cora Werley, spokeswoman for Remain Faithful, a local orthodox laity group that supported Iker’s stance. “We have an incredible gospel to spread. Now we can do it without all this hanging over us.”

Others, saying they will remain with the Episcopal Church, expressed resignation and sorrow.

“It’s certainly no surprise,” said Walter Cabe, president of the Steering Committee North Texas Episcopalians, an umbrella group of conservatives and liberals who opposed the split. “But more than ever, we have a great deal of respect for rectors and parishes who have identified themselves loyal to the Episcopal Church regardless of pressure.”

Read it all.

The Fort Worth diocese amended its constitution to shift allegiance from the Episcopal Church to the Anglican Communion, its parent body. The measure passed by a vote of 72 to 19 among the clergy and 102 to 25 among the laity, at the diocese’s 26th annual convention at St. Vincent’s Cathedral in Bedford, Tex.

The diocese was welcomed Saturday into the Province of the Southern Cone, based in Argentina, but the realignment is expected to be temporary while the diocese works to establish a conservative province of the Anglican Communion in the United States, diocese leaders said.

Bishop Jack L. Iker laid blame for the split on what he described as “a church that is increasingly unfaithful and disobedient to the word of God, a church that has caused division and dissension both at home and abroad, a church that has torn the fabric of the communion at its deepest level, a church that acts more and more like a rebellious protestant sect and less and less like an integral part of the one holy catholic and apostolic church. It is time to say enough is enough.”

Read it all.

Not so long ago, corporate giants with names like PanAm, ITT and Montgomery Ward roamed the earth. They faded and were replaced by new companies with names like Microsoft, Southwest Airlines and Target. The U.S. became famous for this pattern of decay and new growth. Over time, American government built a bigger safety net so workers could survive the vicissitudes of this creative destruction ”” with unemployment insurance and soon, one hopes, health care security. But the government has generally not interfered in the dynamic process itself, which is the source of the country’s prosperity.

But this, apparently, is about to change. Democrats from Barack Obama to Nancy Pelosi want to grant immortality to General Motors, Chrysler and Ford. They have decided to follow an earlier $25 billion loan with a $50 billion bailout, which would inevitably be followed by more billions later, because if these companies are not permitted to go bankrupt now, they never will be.

This is a different sort of endeavor than the $750 billion bailout of Wall Street. That money was used to save the financial system itself. It was used to save the capital markets on which the process of creative destruction depends.

Granting immortality to Detroit’s Big Three does not enhance creative destruction. It retards it. It crosses a line, a bright line.

Read the whole article.

Sorry, Mr. President. Please surrender your BlackBerry.

Those are seven words President-elect Barack Obama is dreading but expecting to hear, friends and advisers say, when he takes office in 65 days.

For years, like legions of other professionals, Mr. Obama has been all but addicted to his BlackBerry. The device has rarely been far from his side ”” on most days, it was fastened to his belt ”” to provide a singular conduit to the outside world as the bubble around him grew tighter and tighter throughout his campaign.

“How about that?” Mr. Obama replied to a friend’s congratulatory e-mail message on the night of his victory.

But before he arrives at the White House, he will probably be forced to sign off. In addition to concerns about e-mail security, he faces the Presidential Records Act, which puts his correspondence in the official record and ultimately up for public review, and the threat of subpoenas. A decision has not been made on whether he could become the first e-mailing president, but aides said that seemed doubtful.

Read it all.

Filings totaled 108,595, surpassing 100,000 for the first time since a law that made it more difficult ”” and often twice as expensive ”” to file for bankruptcy took effect in 2005. That translated to an average of 4,936 bankruptcies filed each business day last month, up nearly 34 percent from October 2007.

Robert M. Lawless, a professor at the University of Illinois College of Law, pointed to the tightening of credit by banks as a significant factor in the increase in October. As banks have pulled back on lending, he said, consumers have been finding it more difficult, and in many cases impossible, to use credit cards, refinance their home mortgages or fall back on their home equity lines to get them through a rough period.

“A credit crunch can drive people into bankruptcy today rather than later as sources of lending dry up,” Professor Lawless said. “With the consumer credit tightening and the economy in a nosedive, this pop could just be the beginning of a long-term rise in the bankruptcy filing rate to levels that are even higher than we had before the 2005 bankruptcy law.”

Read it all.

Q: There’s been a lot of discussion about whether the bishops’ teaching on voting is too nuanced, because it was used in all kinds of ways by all kinds of groups during this election, because it said Catholics are not single-issue voters. What do you think?

A: I think that most Catholics understand what the church’s teachings are and those voter guide things are always problematic but I think in general people understand. It was interesting, if one considers Massachusetts, which is so overwhelmingly Democratic, and 8 years ago Gore got 75 percent of the Catholic vote and four years ago, Kerry, who is Catholic and from Massachusetts, got 50 percent of it, so they lost 25 percent of the vote in four years, and I think a lot of that was the influence of people’s concerns about life issues and things like that. And obviously when you look at the differential between the way that Catholics who are church-going Catholics vote and those who are not church going Catholics, I think that the Catholics reflect the church’s teaching. Not as much as we’d like them to, but certainly this last election there were many other factors that intervened.

Q: You just alluded to the fact that many of the people in your archdiocese are Catholics who support abortion rights, including leading politicians, and both US senators. What is your position on whether they should present themselves for Communion, and whether you should be giving it to them?

A: The church’s teaching on worthiness for Communion and proper disposition is in the Catholic catechism, and it’s no secret, and I support that. There is perhaps a teaching where we have not done as good a job of late as we used to. When I was growing up, we would go to confession every Saturday, we would fast from midnight, there was much more of an awareness of the need to be spiritually prepared and in communion with the church and in a state of grace. Today I think we need to reinforce that teaching a lot. And once that teaching is better understood, then, I think, it will be obvious as to who should be coming to Communion and who shouldn’t. But until there’s a decision of the church to formally excommunicate people, I don’t think we’re going to be denying Communion to the people. However, whatever the church’s decision is, we will certainly enforce.

Q: Your position four years ago was that you did not want confrontations at the altar rail.

A: That’s right. We do not want to make a battleground out of the Eucharist.

Read it all.

In a five-page communiqué that mixed broad principles with specific steps to be tackled in the next three months, the Group of 20 pledged to bolster supervision of banks and credit-rating agencies, to scrutinize executive pay at firms, and to use fiscal and monetary policies to cushion the blow of a downturn that is hitting countries around the world.

Pushed by President Bush, who convened the gathering at the suggestion of President Nicolas Sarkozy of France, the leaders reaffirmed their commitment to free markets and trade.

But the statement also laid blame for the crisis at the doorstep of the United States, saying governments “in some advanced countries” had taken inadequate steps to prevent a buildup of risk.

The meeting laid out a roadmap for overhauling financial regulations that would postpone most of the difficult decisions until Mr. Obama is in office.

Those measures include setting up a so-called college of supervisors, which would share information about global financial institutions, and a plan to harmonize accounting standards. Mr. Bush cited a proposal to move the trading of credit-default swaps, a financial instrument that has been blamed for some of the recent upheaval, into a central clearinghouse, which would allow regulators to monitor risk.

Read it all.