Interesting.

One of Hong Kong’s most-respected bankers, who asked not to be identified, told me that the U.S.-owned investment company where he works made a mint in the last decade cleaning up sick Asian banks. They did so by importing the best U.S. practices, particularly the principles of “know thy customers” and strict risk controls. But now, he asked, who is there to look to for exemplary leadership?

“Previously, there was America,” he said. “American investors were supposed to know better, and now America itself is in trouble. Whom do they sell their banks to? It is hard for America to take its own medicine that it prescribed successfully for others. There is no doctor anymore. The doctor himself is sick.”

I have no sympathy for Madoff. But the fact is, his alleged Ponzi scheme was only slightly more outrageous than the “legal” scheme that Wall Street was running, fueled by cheap credit, low standards and high greed. What do you call giving a worker who makes only $14,000 a year a nothing-down and nothing-to-pay-for-two-years mortgage to buy a $750,000 home, and then bundling that mortgage with 100 others into bonds ”” which Moody’s or Standard & Poors rate AAA ”” and then selling them to banks and pension funds the world over? That is what our financial industry was doing. If that isn’t a pyramid scheme, what is?

Painful but important reading.

The deaths of young soldiers in Afghanistan and the assisted suicide of young and old that are making the headlines put dying on to the front pages of our minds.

I remember an Army Chaplain who’d served in the Falklands War telling me he’d spent the long sea voyage south preparing his troops mentally and spiritually for the possibility that some might die. And some did.

But what struck me about Jeremy Taylor’s book was the desire that we might die well and happily and that was written in an age when people did die younger and without the palliative care so available to us. By contrast today death at whatever age always seems a tragic event, almost unnatural, as if it were a failure of modern medicine. Yet even in our time we share Taylor’s hope of dying well. It’s that hope on which the whole Hospice movement has been built.

Read it all.

The Anglican Church of Canada’s Council of General Synod (CoGS) has given its cautious approval to the principle of an Anglican Covenant, but has reserved judgment pending a review of the final text.

At its Fall meeting in Toronto last week, CoGS, the Canadian church’s governing body between meetings of the triennial General Synod gave an affirmative response to the question posed by the ACC/Primates Joint Standing Committee whether it cold “give an ”˜in principle’ commitment to the covenant process at this time, without committing itself to the details of any text.”

The 38 provinces of the Anglican Communion have been asked to respond to the current “St Andrew’s Draft” of the covenant by March. The Covenant Design Group is scheduled to hold its final meeting in London next April and issue a final revision for presentation to the May meeting of the ACC in Jamaica.

Read it all.

A few years ago, I took a sightseeing trip to Washington, D.C. I saw many of our nation’s treasures, and I also saw a lot of our fellow citizens on the street ”” unfortunate ones, like panhandlers and homeless folks.

Standing outside the Ronald Reagan Center, I heard a voice say, “Can you help me?” When I turned around, I saw an elderly blind woman with her hand extended. In a natural reflex, I reached in to my pocket, pulled out all of my loose change and placed it on her hand without even looking at her. I was annoyed at being bothered by a beggar.

But the blind woman smiled and said, “I don’t want your money. I just need help finding the post office.”

Beguilingly simple,yet so terribly important, and oh so appropriate at this time of year. Read or listen to it all from NPR

This is a complicated issue for many of us who worry about the theological direction of the Episcopal Church in the USA (ECUSA). For one thing, I hate to see conservatives leave over women’s ordination. What that means, among other things, is that they are abandoning many dedicated women clergy who are themselves conservative on the other two issues: biblical authority and homosexuality. But we do have to be clear that it is not enough to say that the departing conservatives are simply setting up “a separate denomination.” In this case they are aligning themselves with the growing majority of Anglican churches around the world–an alignment that liberal Episcopalians are choosing to abandon by their recent actions.

Read it all.

Well, is there anxiety in this town, especially as the machinery of government shifts gears? I’ll warrant that there will continue to be a lot of anxiety until the new administration settles in, at least several months from now. Who’s going to sit in which seat at the table? Who’s going to be ”“ or feel ”“ excluded? What last-minute actions will the outgoing administration make?

Perhaps the first role of religion in such times is to be a messenger, like one of those biblical angels, who starts out by saying, “fear not.” Don’t be afraid; this whole thing is a lot bigger than you are. Yes, change is coming, and it will drive some people crazy, and at the same time not go far enough for others. In more secular language, we might say, “don’t sweat the small stuff.” And more of it is small stuff than you might expect. At the same time, the religious voice will remind you that how you deal with the small stuff does not affect you alone ”“ your actions may have consequences beyond your wildest imagining.

That brief introduction might be a helpful framework for what I’m going to assert is the proper role of religion in the public square: diagnosis, linked with both challenge and encouragement. Walter Brueggemann calls it “prophetic critique and energizing.” It grows out of a particular world view, a weltanschauung if you will, that has an idea or ideal of what the world is supposed to look like. That world view is rooted in divine revelation ”“ both in a scriptural tradition and in later encounters with the divine. The prophetic role is to point out the discrepancy between that sacred vision and what the world around us actually looks like, and then to go on to challenge the status quo and encourage movement toward that dream.

Read it all.

The standing committee of the Diocese of Quincy recently clarified its relationship with The Episcopal Church and its former bishop, the Rt. Rev. Keith L. Ackerman, who resigned as bishop of the diocese Nov. 1.

“Bishop Ackerman fully supports those of us who have realigned with the Province of the Southern Cone and who are moving forward, as part of the Common Cause Partnership, to build a united, orthodox Anglican province here in the U.S. and Canada,” said the Rev. Canon Ed den Blaauwen, president of the standing committee and vicar general. Canon den Blaauwen added that Bishop Ackerman serves as one of seven lead bishops of the Common Cause Partnership in his role as president of Forward in Faith/North America. That organization has worked for almost two decades for the creation of a traditional Anglican province in the U.S.

“The new province I have long supported is now becoming a reality,” Bishop Ackerman said, “but there are still churches in The Episcopal Church who need care from orthodox bishops.”

Read it all.

While Washington looks for ways to boost the nation’s struggling economy, South Carolina has before it a simple solution to help this state overcome its economic troubles.

The General Assembly and state agencies are struggling to balance the state’s budget. Furloughs and across-the-board spending cuts could go even deeper. But we don’t have to take such drastic measures that harm working-class people when we have a workable economic bailout plan that could unleash new revenue and put people back to work.

New money could come from an old industry ”” video poker.

It is hard to put into words how strongly I disgree with this article, which advocates a practice which some have called visual crack cocaine because of its addictive nature. And you know it hits the poor disproportionally hard. Read it all in any case

What if we disentangled the church from the state on this matter, framing this debate, not as one, but as two important debates?

There is the civil debate: Should the government legalize gay marriage, thereby extending to same-sex couples the same responsibilities and benefits granted to opposite-sex married couples? What public policy best serves the common good?

There is the religious debate: Does the theological definition of the sanctity of marriage include the blessing of same-sex unions?

Read it all.

Walls quivered like cars hitting potholes. Cats jumped straight up in the air. Christmas trees toppled as their owners heard a boom, then a crack.

A 3.6 magnitude earthquake rattled through the Lowcountry just before 8 a.m. Tuesday. It was a strong shot of coffee to jump-start a work day, but no, it wasn’t the “Big One.” Not even close.

And so far, no other activity has been reported where two notorious seismic fault lines open on each other near Summerville.

Read it all. My first thought was maybe a tree hit the house. Then I surmised maybe my son dropped a refrigerator upstairs. It certainly has a way of grabbing your attention–KSH

A terrific piece here which includes moving interviews with the deceased’s mother and brother. We simply cannot–especially at this time of year–forget them. Watch it all

Aggressive rate increases on credit cards are threatening to push struggling consumers into financial ruin, accelerating home foreclosures and the nation’s descent into recession.

The growing problem is reflected in cases such as that of Dennis Spaulding of Corona, Calif. He bought two last-minute plane tickets for his father’s funeral in 2006, a purchase that increased the amount of credit he was using and made him appear riskier to banks. The result: Banks raised the interest rates on four of his credit cards ”” to 24% and higher ”” doubling his monthly payments to about $2,000.

That led to a financial spiral that has put him on the verge of losing his home and filing for bankruptcy. “I see no light at the end of the tunnel,” says Spaulding, a cabinet designer.

Read it all.

Al Gore wants quick action on climate change. Sen. Edward Kennedy says health care reform can’t wait. Labor unions want a bill making it easier to organize.

The American Civil Liberties Union is calling for the immediate closure of the military’s prison for foreign terror suspects at Guantanamo Bay, Cuba. The liberal advocacy group MoveOn.org urges a steady troop withdrawal from Iraq. The National Governors Association is pleading for billions in aid to states, pronto.

And, by the way, Mr. President-elect, the American Lung Association would like you to make all federal work sites smoke-free.

Read it all.

As usual, [Malcolm] Gladwell intelligently captures a larger tendency of thought – the growing appreciation of the power of cultural patterns, social contagions, memes.

His book is being received by reviewers as a call to action for the Obama age. It could lead policymakers to finally reject policies built on the assumption that people are coldly rational utility-maximizing individuals. It could cause them to focus more on policies that foster relationships, social bonds and cultures of achievement.

Yet, I can’t help but feel that Gladwell and others who share his emphasis are getting swept away by the coolness of the new discoveries. They’ve lost sight of the point at which the influence of social forces ends and the influence of the self-initiating individual begins.

Read it all.

The U.S. Securities and Exchange Commission, a once-proud agency with an impressive history as the top cop on Wall Street, finds itself increasingly conducting autopsies of leading financial institutions after failing, in the first instance, to perform adequate biopsies.

The latest black eye for the commission came when it was disclosed that inspectors and agency lawyers had missed a series of warning signs at Bernard L. Madoff Investment Securities. If it had checked out the warnings, the commission might well have discovered years ago that the firm was concealing its losses by using billions of dollars from some investors to pay others.

The firm was the subject of several inquiries over the years, including one last year that was closed by the agency’s New York office after it had received a referral of potentially significant problems from the Boston office.

Similarly, the commission’s chairman, Christopher Cox, assured investors nine months ago that all was well at Bear Stearns, which collapsed three days later.

The SEC has simply been disastrous. Read it all

The Rev. Paul C. Fuener, rector of Prince George Winyah Episcopal Church in Georgetown, agrees. He says although South Carolina is listed in many publications as the “fifth” diocese which may leave the National Episcopal Church, that is unfounded, he says. He agrees with Burwell’s sentiment (above).

“At present most everybody wants to hold together as a diocese,” Fuener said. “We have never talked internally about leaving. If we were to join this new province, we would have to split because everyone wouldn’t want to do that. We tend to be united as a diocese.”

He says the formation of a new Anglican province would be “truly extraordinary.”

“It is not every day that an entire diocese of one of the Anglican provinces gets together and says it is no longer going to be in the province,” Fuener said. “It is sad to me, not upsetting, that it has come to that point where the actions of our national church have driven people to this conclusion that they can’t stay.”

Read it all.

Why call for an election now?

I began my ministry at St. Benedict’s Parish in Plantation, Florida, in 1977. I would have been happy serving with the communicants there for the rest of my life. But after thirteen years I realized that, by God’s grace, I had done with them what I knew how to do. They needed someone to take them to the next level of discipleship. At the Cathedral of St. Paul the Apostle, in Fond du Lac, Wisconsin””although I left there upon having received your call””I knew that I had done with them what I knew how to do. They needed someone to take them to the next level of discipleship.

That is the present reality in our diocese. I am concluding, together with you, what I know how to do. When, following our diocesan convention last October, I met with the newly formed Diocesan Executive Council, and recognized their enthusiasm, their commitment, the efficiency of our present Commission structure, and progress we have all made by God’s grace and your ministry””I recognized that it was time for us to take the next step. Upper South Carolina needs a bishop who can cooperate with you, and provide appropriate episcopal leadership, in moving into the next level of Christian discipleship.
It is also true that my ministry as a member and then President of the Title IV Review Committee of The Episcopal Church absorbed some physical, emotional and spiritual energy, and dulled somewhat the edge of my creativity. It has not, however, reduced my love of the Lord and the Lord’s Church, nor the sheer joy I have as a deacon, priest and bishop.

The election process will take approximately 10 to 18 months, depending upon a number of factors. Our Diocesan Council, in its role as the Standing Committee and guided by the canons of the Church, will have the responsibility of establishing a Calling Committee and providing the guidelines for the calling process.

Read it all.

The Federal Reserve entered a new era on Tuesday, setting its benchmark interest rate so low that it will have to reach for new and untested tools in fighting both the recession and downward pressure on consumer prices.

Going further than analysts anticipated, the central bank said it had cut its target for the overnight federal funds rate to a range of zero to 0.25 percent, a record low, bringing the United States to the zero-rate policies that Japan used for six years in its own fight against deflation.

The move to a zero rate, which affects how much banks charge when they lend their reserves to each other, is to some degree symbolic. Though the Fed’s target had previously been 1 percent, demand for interbank lending has been so low that the actual Fed funds rate has hovering just above zero for the past month.

Far more important than the rate itself, the Fed bluntly declared that it was ready to move to a new phase of monetary policy in which it prints vast amounts of money for a wide array of lending programs aimed at financial institutions, businesses and consumers.

In essence, the Fed is embarking on a radically different route to stimulate the faltering economy, and it puts the Fed chairman, Ben S. Bernanke, in partnership with the incoming Obama administration as it moves on a parallel track.

This is a high risk tack in terms of the potential for inflation down the road (unless it is properly handled), but it is much needed. The Fed has been badly behind since this whole crisis began and the chairman was telling us that the subprime struggles would stay “isolated” to a small part of the economy. Better late than never–read it all.

The results of the Diocesan survey of opinions about the next bishop of Georgia carried out in September have now been published on the website www.georgiabishopsearch.org (and see the thread just below this one for a discussion thereof). Though not without flaws, it is nonetheless instructive about some aspects of opinion in the diocese of Georgia.

The first and most egregious of these flaws was the question about “diversity of thought and custom” in the diocese of Georgia, a concept so vague as to mean anything or everything. Nonetheless, seventy four per cent of respondents thought it “vital” that “we embrace and celebrate” it. Fortunately, after offering that hostage to fortune, a questions about liturgies gave it some meaning. Here too, the question was not unflawed, since it locked together support for the 1928 BCP, the 1979 BCP, and post-1979 liturgies as a package deal. There was no option to choose just one of these, which would have been much more instructive of the state of opinion. Framed as it was, it was difficult to vote against, and the numbers show it (eighty-seven per cent in favour). We must be grateful that the legitimate place of the 1928 PrayerBook has been acknowledged in our diversity.
Support for diocesan unity was huge (ninety-one per cent). Support for unity with the Anglican Communion was also huge (eighty-six per cent). Sixty-one percent affirmed that “we are in agreement more often than not in matter of tradition, liturgy, music, theology, faith, etc.””“ an affirmation that looks fragile in the light of the thirty-six per cent who disagreed.

Fifty-two per cent identified themselves as “theologically conservative” (versus twenty-four per cent liberal and twenty-two per cent in the middle). Once again, however, what this meant is hard to make out, since there were no questions about the authority of Scripture, the Creeds, or historic Faith and Order as set forth in the Prayer Book. What it meant in terms of the “hot-button” issues of the day was, however, spelled out with commendable clarity. Opposition to same-sex marriage was strong (seventy-two per cent, with only nine-teen in favour), although the opposition drops to fifty-two per cent when the question concerns same-sex blessings (forty-one per cent in favour). Support for celibate homosexual clergy is high (fifty-eight per cent), but opposition to “partnered” homosexual clergy is strong (sixty-two percent opposed, thirty per cent in favour). Diversity clearly falls within certain clear limits.

In another area, however, theological conservatism was very much in the minority. Support for the ordination of women was very strong (seventy-five per cent think has been good for the diocese and seventy-eight support it “theologically”: only seventeen per cent disagree). That is no big surprise: in a pragmatic and egalitarian culture and church, in which opponents of women’s ordination do not speak out, few have reason to question this innovation. The only glaring inaccuracy was the word “theologically”: if this matter is thought about at all, surely it is thought about as a matter of civil rights, not theology.

The next step in the search for the next bishop of Georgia is the posting of a “diocesan profile” based on the survey results, and the opening of nominations (which will close January 15th). A short-list of nominees will then be invited to tour the diocese, with an electoral convention tentatively slated for September.

However spotty the questions, the results of the survey indicate a diocese self-consciously conservative about marriage, eager for unity within itself and with the Anglican Communion, and ready to accept the 1928 Prayer Book as well as the 1979. Our expectation must be that the candidates proposed by the Nominations Committee fit within those parameters.

–(The Rev.) Gavin G. Dunbar is rector, Saint John’s, Savannah

Check it out.

New leadership, both lay and ordained, a new episcopal presence and a new priest highlighted the Diocese of Pittsburgh’s special convention December 12.

Meeting at St. Paul’s Episcopal Church in Mount Lebanon, Pennsylvania, the special convention was called to reorganize the diocese and fill a number of leadership positions vacated by those who left the Episcopal Church following the diocese’s 143rd annual convention on October 4.

The people who departed, led by deposed Bishop Robert Duncan, now say they will be a part of the Argentina-based Anglican Province of the Southern Cone while they attempt to form a parallel Anglican province in North America that would be recognized by the large Anglican Communion.

Members of 28 congregations took part in the December 12 convention, representing 40% of both the number of parishes and total membership — as measured by the benchmark average Sunday attendance — in the Pittsburgh diocese prior to October, according to a diocesan news release. Members of 18 congregations had declared their plans to remain with the diocese in the days just after the October convention.

Read it all.

Since its founding more than two centuries ago, the Episcopal Church has often struggled to keep disparate factions unified under its diverse umbrella.

Repeated controversies — over slavery, the ordination of women and even the role of children in church life — have threatened to tear at its religious fabric.

Sorry to say that I regard this article as an embarassment in lopsided reporting. First, the history itself is flawed, since Anglicanism itself came as a result of a break in the 16th century, and there is also no mention of Methodism, or more of the details of the near split of TEC during the civl war, or the Reformed Episcopal Church split in 1873. Also, could we at least have quotes from people on both sides of an argument. Why could not even one reasserter be quoted in this piece? In any event, read it all.

When Archbishop Mark Shirilau founded the Ecumenical Catholic Church in 1987, he did so to provide a religious home for gays and lesbians.

Now, with the Episcopal Church ordaining gay priests and the United Church of Christ performing same-sex weddings, the Riverside-based denomination is losing members.

As more mainstream churches reach out toward gays and lesbians, many gays are leaving churches like Shirilau’s. The largest gay Catholic group, Dignity, lost nearly half its active members in the past decade.

Read it all.

Don and Gladys Miller worshipped weekly for 53 years in the sanctuary at 1064 Brighton Road.

But Sunday, the Millers walked away from the Town of Tonawanda church building they’ve known as their spiritual home since 1955.

“We’ve been here a long time, and it’s hard to leave,” said Don Miller, dabbing at tears. “We decided a long time ago that we would move with the church.”

Read it all.

We just had a 3.6 Richter scale earthquake. Ugh.

The council of the Modern Churchpeople’s Union (MCU) met November 6 in London’s Docklands to develop a strategy for the defense of liberal theology.

Firmly opposed to the proposed Anglican covenant, the group plans to extend its network beyond England, improving links with the Episcopal Church, building branches in Ireland, Scotland and Wales, recruiting a range of ages and denominations, and increasing support among bishops and academic theologians.

The council members, many of them Church of England clergy, agreed that the organization will be re-branded, re-named, and re-constituted to reflect more fully its openness and diversity. Furthermore, the group decided that an administrator should be appointed and a system of working groups set up.

Read it all.

Just as we hunker down to survive the worldwide economic collapse, we are confronted daily with news of fellow Americans who already have lost their homes, jobs and life savings.

In one important respect, Americans today are at a greater disadvantage than those who faced the Great Depression some 70 years ago. In 1930, the vast majority of the nation’s households consisted of families led by married couples. Today, many more households consist of adult Americans who face life alone.

They include solitary men and women, single parents, the divorced, widowed and unwed partners.

An important reminder, especially for those in parish ministry in the holiday season. Read it all.

One of the reasons the debate over network neutrality is so confusing is that the term itself is so slippery. It has an engineering meaning to engineers and an ideological meaning to ideologues while to businesses, it seems to mean””not surprisingly””whatever best serves their interests.

The extent of the confusion became clear today with a story in the Wall Street Journal saying that Google, a leader of the net neutrality charge, “has approached major cable and phone companies that carry Internet traffic with a proposal to create a fast lane for its own content.” What Google hopes to do, as explained in a blog post by the company’s Washington telecom counsel, Richard Whitt, is to speed the delivery of its content by “co-locating” servers within the networks of Internet service providers, such as Verizon or Comcast, a privilege for which it would, of course, have to pay. “Despite the hyperbolic tone and confused claims in Monday’s Journal story, I want to be perfectly clear about one thing: Google remains strongly committed to the principle of net neutrality, and we will continue to work with policymakers in the years ahead to keep the Internet free and open,” he writes.

Does this violate the principles of net neutrality? It depends on whom you ask.

Read it all.

The team President-elect Barack Obama introduced on Monday to carry out his energy and environmental policies faces a host of political, economic, diplomatic and scientific challenges that could impede his plans to address global warming and America’s growing dependence on dirty and uncertain sources of energy.

Acknowledging that a succession of presidents and Congresses had failed to make much progress on the issues, Obama vowed to press ahead despite the faltering economy and suggested that he would invest his political capital in trying to break logjams.

“This time must be different,” Obama said at a news conference in Chicago. “This will be a leading priority of my presidency and a defining test of our time. We cannot accept complacency, nor accept any more broken promises.”

Read it all.