Yearly Archives: 2009

RNS–Obama's Muslim Outreach Named Top Religion Story of 2009

President Obama’s speech to the Muslim world has been ranked by the nation’s religion journalists as the top religion story of the year.

The June speech in Cairo, in which the president quoted from the Quran and said America will “never” be at war with Islam, was ranked as the No. 1 religion story by members of the Religion Newswriters Association.

Evangelical leader Rick Warren, whose invocation at Obama’s inauguration was greeted by protests from gay-rights groups, was named the 2009 Religion Newsmaker of the Year.

Read it all.

Posted in * Culture-Watch, * International News & Commentary, America/U.S.A., Media, Religion & Culture

South Carolina State budget crisis deepens

South Carolina’s budget woes got even worse Tuesday when government spending was slashed by another 5 percent, leaving agency directors to decide between layoffs, employee furloughs and turning away the state’s downtrodden.

The Budget and Control Board voted 3-2 to cut $238.2 million from the state budget, which has fallen from $6.7 billion to $5.1 billion in less than two years.

Read it all.

Posted in * Economics, Politics, * South Carolina, Economy, Politics in General, State Government, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

Thomas Friedman on the Threat of Virtual Afghanistan

Let’s not fool ourselves. Whatever threat the real Afghanistan poses to U.S. national security, the “Virtual Afghanistan” now poses just as big a threat. The Virtual Afghanistan is the network of hundreds of jihadist Web sites that inspire, train, educate and recruit young Muslims to engage in jihad against America and the West. Whatever surge we do in the real Afghanistan has no chance of being a self-sustaining success, unless there is a parallel surge ”” by Arab and Muslim political and religious leaders ”” against those who promote violent jihadism on the ground in Muslim lands and online in the Virtual Afghanistan.

Last week, five men from northern Virginia were arrested in Pakistan, where they went, they told Pakistani police, to join the jihad against U.S. troops in Afghanistan. They first made contact with two extremist organizations in Pakistan by e-mail in August. As The Washington Post reported on Sunday: “ ”˜Online recruiting has exponentially increased, with Facebook, YouTube and the increasing sophistication of people online,’ a high-ranking Department of Homeland Security official said. … ”˜Increasingly, recruiters are taking less prominent roles in mosques and community centers because places like that are under scrutiny. So what these guys are doing is turning to the Internet,’ said Evan Kohlmann, a senior analyst with the U.S.-based NEFA Foundation, a private group that monitors extremist Web sites.”

Read the whole thing.

Posted in * Culture-Watch, * Economics, Politics, Blogging & the Internet, Defense, National Security, Military, Terrorism, War in Afghanistan

From the Morning Scripture Readings

The Mighty One, God the LORD, speaks and summons the earth from the rising of the sun to its setting. Out of Zion, the perfection of beauty, God shines forth. Our God comes, he does not keep silence, before him is a devouring fire, round about him a mighty tempest.

–Psalm 50:1-3

Posted in Theology, Theology: Scripture

Top futurist, Ray Kurzweil, predicts how technology will change humanity by 2020

As we approach the end of the first decade of the new millennium, let’s consider what life will be like a decade hence. Changes in our lives from technology are moving faster and faster. The telephone took 50 years to reach a quarter of the U.S. population. Search engines, social networks and blogs have done that in just a few years time. Consider that Facebook started as a way for Harvard students to meet each other just six years ago; it now has 350 million users and counting.

Between now and 2020, the trend will continue, spreading cutting-edge technologies to every corner of the country and beginning to make innovations once consigned to the realm of science fiction real for millions of Americans. Specifically what can we expect? Solar power on steroids, longer lives, the chance to get rid of obesity once and for all, and portable computing devices that start becoming part of your body rather than being held in your hand.

What will drive all this accelerating change is precisely what has driven it this past half-century: the exponential growth in the power of information technology, which approximately doubles for the same cost every year.

Read it all.

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

CBS: U.S. National Debt Tops Debt Limit

The latest calculation of the National Debt as posted by the Treasury Department has – at least numerically – exceeded the statutory Debt Limit approved by Congress last February as part of the Recovery Act stimulus bill.

The ceiling was set at $12.104 trillion dollars. The latest posting by Treasury shows the National Debt at nearly $12.135 trillion.

A senior Treasury official told CBS News that the department has some “extraordinary accounting tools” it can use to give the government breathing room in the range of $150-billion when the Debt exceeds the Debt Ceiling.

Read it all.

Posted in * Economics, Politics, Budget, Credit Markets, Economy, House of Representatives, Office of the President, Politics in General, President Barack Obama, Senate, The National Deficit, The U.S. Government

Jeffrey Sachs: How to hold the rich to their word

With days remaining in the Copenhagen climate talks, the rich have finally begun to discuss climate financing for the poor. The negotiating round has gone on for two years with little serious discussion on financing and many other topics, a gaping failure of a process run by and for rich-country politicians who do not like to be bothered with unpleasant details. This will not do. Climate financing needs a formula.

The governing law is the United Nations Framework Convention on Climate Change signed in 1992. It is unambiguous. “The developed country Parties shall provide new and additional financial resources to meet the agreed full costs incurred by developing country Parties in complying with their obligations” under the treaty. Moreover, “developed country Parties shall also assist the developing country Parties that are particularly vulnerable to the adverse effects of climate change in meeting costs of adaptation to those adverse effects”. The treaty emphasises the need for “adequacy and predictability in the flow of funds”.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Asia, Climate Change, Weather, Economy, Energy, Natural Resources, Europe, Globalization, The U.S. Government

'Sharp decline' in faith as number of Christians in Britain falls to half

A ”˜sharp decline’ in religious belief has seen the number of people who consider themselves Christian drop to half.

According to a new academic study, an increasing majority are described as the ”˜fuzzy faithful’ who have only a vague belief in God. These do not belong to a particular denomination or attend services.

Nearly 4,500 people were questioned for the 2008 British Social Attitudes survey, which revealed 37 per cent of Britons do not believe in God ”“ compared to 35 per cent who do.

Read it all.

Posted in * Culture-Watch, * International News & Commentary, England / UK, Religion & Culture

BBC: Climate talks resume in Copenhagen after major delay

Formal negotiations have reopened at the UN climate summit in Copenhagen after a delay of nine hours.

The hold-up was caused by wrangles over the texts to be used as the basis for the talks.

Beneath the dispute lies a long-running accusation from developing countries that the Danish hosts are trying to sideline their concerns.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Climate Change, Weather, Denmark, Economy, Energy, Natural Resources, Europe, Globalization

Who Said This?

“I’ve got a driver’s license, my American Express card, a debit card, a Jos. [A.] Bank card where I get my suits, I have a health insurance card. And then I have a variety of other cards, phone numbers, United Airlines, frequent flyer. And I have $45”¦$75”¦$85. I’m all set.

Take a look at the picture and guess.

Posted in * Economics, Politics, Consumer/consumer spending, Economy, Personal Finance

Kingsley Smith: Anglican objections have no bearing on Canon Mary Glasspool

What many people do not know, and others, I’m afraid, choose to ignore, is the legal independence of the Episcopal Church from other jurisdictions. In fact, it was in Chestertown, Maryland, in 1780, that a convention of clergy and laymen began the process of making an American Church separate from the Church of England, in the spirit of our declaration of political independence of 1776.

After that, the Archbishop of Canterbury had no more legal jurisdiction in this nation than King George III, the “Supreme Governor” of the established Church of England. So when Archbishop Rowan Williams says that he regrets Canon Glasspool’s election and urges the American church to reject her, he does not speak in any official capacity.

Read it all.

Posted in * Anglican - Episcopal, Anglican Identity, Archbishop of Canterbury, Ecclesiology, Episcopal Church (TEC), Same-sex blessings, Sexuality Debate (in Anglican Communion), TEC Bishops, TEC Conflicts, TEC Conflicts: Los Angeles, Theology

Time Person of the Year 2009: Ben Bernanke

A bald man with a gray beard and tired eyes is sitting in his oversize Washington office, talking about the economy. He doesn’t have a commanding presence. He isn’t a mesmerizing speaker. He has none of the look-at-me swagger or listen-to-me charisma so common among men with oversize Washington offices. His arguments aren’t partisan or ideological; they’re methodical, grounded in data and the latest academic literature. When he doesn’t know something, he doesn’t bluster or bluff. He’s professorial, which makes sense, because he spent most of his career as a professor.

He is not, in other words, a typical Beltway power broker. He’s shy. He doesn’t do the D.C. dinner-party circuit; he prefers to eat at home with his wife, who still makes him do the dishes and take out the trash. Then they do crosswords or read. Because Ben Bernanke is a nerd.

He just happens to be the most powerful nerd on the planet.

Read it all.

Posted in * Economics, Politics, Economy, Federal Reserve, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government

Thirty-Six Members Of Congress Oppose Tax On Trading

Thirty-six members of Congress came out against a proposed tax on stock and derivatives trading, warning that it would drive up unemployment and undercut a shaky economic recovery in the U.S.

Charging investors for trading stocks, futures, options and other instruments would also drive up the cost of credit and private investment for both businesses and governments, according to a Dec. 15 letter sent by the 36 members, a copy of which was seen by Dow Jones Newswires.

The letter marks the latest opposition to an early December proposal by Rep. Peter DeFazio, (D., Ore.), who introduced the transaction-tax idea as one way to raise money for job creation and paying down the federal budget deficit.

“In reality, it would be a tax on all investment and savings vehicles because mutual funds and money market fund transactions are, by definition, purchases and sales of securities and bonds,” wrote the members of Congress in the letter.

Read it all

Posted in * Economics, Politics, Budget, Economy, House of Representatives, Labor/Labor Unions/Labor Market, Politics in General, Senate, Stock Market, Taxes, The National Deficit, The U.S. Government

WSJ–Alan Blinder: The Case for Optimism on the U.S. Economy

The last two quarters were even more extreme: Productivity in the nonfarm business sector grew at a shocking 8.1% annual rate. There are two possible explanations. One: The last two quarters were among the most technologically innovative and entrepreneurial in the history of the United States. Two: Fearful businesses pared payrolls to the bone. If the second is closer to the truth, payrolls are extraordinarily lean right now. Which means that firms will need to hire more workers as their sales and production grow. Which means that employment may start growing sooner than the pessimists think.

I have been pointing this out for months, but until the last employment report, it was a hypothesis supported by no evidence. Not anymore. While payrolls continued to decline in November, it was by only a scant 11,000 jobs; and the job counts for September and October were revised upward. The data now show a clear trend that suggests that net job creation may be only a month or two away. We’ll see.

There is more to the case for optimism. For one thing, less than 30% of February’s $787 billion fiscal stimulus has been spent to date; over 70% is still in the pipeline. Pessimists dote on the fact that the rate of increase of stimulus spending has probably peaked and will be lower in 2010. True. But the level of GDP will continue to get support from fiscal policy, and a second job-creation package (“Please don’t call it a stimulus!”) looks to be in the works.

Read it all.

Posted in * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Economy, Federal Reserve, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, The 2009 Obama Administration Bank Bailout Plan, The 2009 Obama Administration Housing Amelioration Plan, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The Fiscal Stimulus Package of 2009, The Possibility of a Bailout for the U.S. Auto Industry, The September 2008 Proposed Henry Paulson 700 Billion Bailout Package, The U.S. Government

Mere Anglicanism 2010

Posted in Top Banner

Shane Schaetzel: Something's Brewing In The Ozarks

When the Vatican recently announced the reception of Anglican communities into the Catholic Church it was a dream come true not only for Anglo-Catholics seeking their own pastoral provision, but also for many Roman Catholics with Anglican backgrounds. Over the last thirty years there has been a quiet but steady trickle of Anglicans into the Roman Catholic Church. In the American province of the worldwide Anglican Communion, “The Episcopal Church,” it began with alterations to the Book of Common Prayer in 1979 and increased with the ordination of female clergy, along with the widespread acceptance of homosexuality.

Springfield Missouri is home to about four Episcopalian parishes and two continuing Anglican parishes. There was one small Traditional Anglican Communion (TAC) parish about ten years ago, but it was later disbanded and the chapel sold. That being said, there are currently no Anglican parishes within the city that are interested in entering the emerging Anglican ordinariates within the Roman Catholic Church.ӬӬ

However, that does not mean Springfield is lacking individuals with Anglican backgrounds who have taken interest in accepting the pope’s offer. That being the case, a few pioneering Christians are starting their own prayer group in Springfield, with the intent of eventually forming an Anglican Use parish under the pastoral care of the soon to be Anglican Use ordinary bishop. They’ve named their group simply “Anglican-Use Catholics of Springfield Missouri.”

Read it all.

Posted in * Anglican - Episcopal, * Religion News & Commentary, - Anglican: Commentary, Other Churches, Pope Benedict XVI, Roman Catholic

Commentary on landmark Anglican Declaration released

In June 2008, 1200 Anglican leaders, bishops, clergy and lay people, from 27 provinces of the Anglican Communion met in Jerusalem for the Global Anglican Future Conference.

The result of their deliberations in the cradle of Christianity was the Jerusalem Declaration. The document has since formed the basis of ”˜The Fellowship of Confessing Anglicans’, a worldwide movement of orthodox believers which has launched several regional groups (such as FCA UK) and is growing in strength by the month.

Now, the work of 40 theologians, from 14 countries throughout the Anglican Communion, provides a commentary on this important document and how it relates to scripture, Anglican formularies and historic Anglicanism.

Read it all.

Posted in * Anglican - Episcopal, - Anglican: Primary Source, GAFCON I 2008, Global South Churches & Primates, Theology

A Statement from the Vestry of Christ Episcopal Church Accokeek, Maryland

A Statement from the Vestry of Christ Episcopal Church
Accokeek, Maryland
August 2009 (Made earlier but released now–KSH)

Christ Church was established in 1698 and has consistently sought to be faithful to the teachings of the Church catholic””as found in the Scriptures, the Creeds and the Book of Common Prayer””as this Church has received them.

We reaffirm our commitment to the teaching of human sexuality as revealed in the Holy Scriptures and affirmed by the Church catholic: sexual intimacy is a gift and mystery which God has designed to be expressed solely in the covenant of marriage between one man and one woman. All are called to chastity; some are called to celibacy. Consequently, all who are ordained are likewise called to live according to
these standards. We also reaffirm our commitment to proclaim the good news of Jesus Christ in word and deed to Accokeek and the whole world.

Therefore, we reject resolutions D025 and C056 of General Convention 2009. Whether prescriptive or descriptive, they will not repair the broken bridges in the Anglican Communion, whose fabric is torn at its deepest level. They demonstrate an unwillingness to observe two of the moratoria which all four Instruments of Unity have asked for. They violate the explicit teaching of the Communion regarding human sexuality, especially as expressed in the 1998 Lambeth Conference resolution 1.10. They ignore the consensus of Christians throughout all time. They stand in contradiction to the explicit teaching of Scripture regarding human sexuality. And in particular, C056 violates the Episcopal Church’s own canons concerning the Covenant of Marriage. Therefore, we repudiate these resolutions and dissociate ourselves from them and their consequences.

We emphasize that we believe we are upholding the teaching of human sexuality which God has revealed. This teaching is entirely harmonious with the proclamation of the good news of God in Jesus Christ: that God’s love for all people””whether male or female, rich or poor, gay or straight””is ferociously manifest in Jesus’ cross and resurrection.

Lastly, we commend the work, at various levels within the Communion, on the Anglican Covenant and welcome the opportunity to review, study and sign its final draft.

Posted in * Anglican - Episcopal, Anthropology, Episcopal Church (TEC), Ethics / Moral Theology, General Convention, Instruments of Unity, Pastoral Theology, Same-sex blessings, Sexuality Debate (in Anglican Communion), TEC Conflicts, TEC Parishes, Theology

(Xinhua): Are plans to raise U.S. debt ceiling cause for alarm?

When Congressional Democrats last week pushed to lift the U.S. federal debt ceiling by nearly two trillion dollars, Republicans blasted the move as fiscally irresponsible and voiced concern over the long term consequences of a level of deficit spending not seen since World War II.

So on Monday House Majority Leader Steny Hoyer indicated that lawmakers would seek to pass a temporary borrowing limit to last through 2010.

Still, fiscal conservatives fret over what they view as runaway spending and Congress’ silence over how to deal with the growing deficit….

“We haven’t got any clear indication that there’s a strategy to control this,” said Desmond Lachman, resident fellow at the American Enterprise Institute. “We hear the Obama administration paying lip service but there is no clear indication of how to prevent the U.S. from getting into increasing debt.”

Read it all .

Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Asia, Budget, China, Economy, House of Representatives, Office of the President, Politics in General, President Barack Obama, Senate, The National Deficit, The U.S. Government

Armed Forces Bishop apologises for Taliban comments

Bishop Venner later apologised for his comment, saying it was ”one small phrase in quite a long interview” intended to suggest that not all members of the Taliban were ”equally evil”.

He told the BBC: ”If that has caused offence, I am deeply grieved by it because that’s the very last thing that I would want to do.”

The bishop also issued a statement condemning the Taliban’s tactics and expressing his backing for UK forces.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, Anglican Provinces, Church of England (CoE), CoE Bishops, Military / Armed Forces, War in Afghanistan

Taliban 'can be admired for religious conviction' says forces bishop

The Rt Rev Stephen Venner called for a more sympathetic approach to the Islamic fundamentalists.

The Church of England’s Bishop to the Forces said it would be harder to reach a peaceful solution to the war if the insurgents were portrayed too negatively.

His comments in an interview with The Daily Telegraph came as the Prime Minister visited Afghanistan and claimed that the Taliban was fighting a “guerrilla war” aimed at causing “maximum damage”.

Read it all.

Posted in * Anglican - Episcopal, * Economics, Politics, Anglican Provinces, Church of England (CoE), CoE Bishops, War in Afghanistan

Building a Baby, With Few Ground Rules

On July 28, the Kehoes announced the arrival of twins, Ethan and Bridget, at University Hospital in Ann Arbor. Overjoyed, they took the babies home on Aug. 3 and prepared for a welcoming by their large extended family.

A month later, a police officer supervised as the Kehoes relinquished the swaddled infants in the driveway.

Bridget and Ethan are now in the custody of the surrogate who gave birth to them, Laschell Baker of Ypsilanti, Mich. Ms. Baker had obtained a court order to retrieve them after learning that Ms. Kehoe was being treated for mental illness.

“I couldn’t see living the rest of my life worrying and wondering what had happened, or what if she hadn’t taken her medicine, or what if she relapsed,” said Ms. Baker, who has four children of her own.

Now, she and her husband, Paul, plan to raise the twins.

The creation of Ethan and Bridget tested the boundaries of the field known as third-party reproduction, in which more than two people collaborate to have a baby. Five parties were involved: the egg donor, the sperm donor, Ms. Baker and the Kehoes. And two separate middlemen brokered the egg and sperm.

Read it all.

Posted in * Culture-Watch, Children, Ethics / Moral Theology, Health & Medicine, Law & Legal Issues, Life Ethics, Marriage & Family, Science & Technology, Theology

Niall Ferguson– An Empire at Risk: How economic weakness is endangering America's global power

Call it the fractal geometry of fiscal crisis. If you fly across the Atlantic on a clear day, you can look down and see the same phenomenon but on four entirely different scales. At one extreme there is tiny Iceland. Then there is little Ireland, followed by medium-size Britain. They’re all a good deal smaller than the mighty United States. But in each case the economic crisis has taken the same form: a massive banking crisis, followed by an equally massive fiscal crisis as the government stepped in to bail out the private financial system.

Size matters, of course. For the smaller countries, the financial losses arising from this crisis are a great deal larger in relation to their gross domestic product than they are for the United States. Yet the stakes are higher in the American case. In the great scheme of things””let’s be frank””it does not matter much if Iceland teeters on the brink of fiscal collapse, or Ireland, for that matter. The locals suffer, but the world goes on much as usual.

But if the United States succumbs to a fiscal crisis, as an increasing number of economic experts fear it may, then the entire balance of global economic power could shift. Military experts talk as if the president’s decision about whether to send an additional 40,000 troops to Afghanistan is a make-or-break moment. In reality, his indecision about the deficit could matter much more for the country’s long-term national security. Call the United States what you like””superpower, hegemon, or empire””but its ability to manage its finances is closely tied to its ability to remain the predominant global military power. Here’s why….

A very important piece–make sure you read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Budget, Defense, National Security, Military, Economy, Globalization, Office of the President, Politics in General, President Barack Obama, The National Deficit, The U.S. Government, The United States Currency (Dollar etc)

Manchester Bishop says high-speed broadband will become ”˜basic’ need

High-speed broadband will become almost as basic a telephone line in the near future, the Anglican Bishop of Manchester has predicted.

Bishop Nigel McCulloch described as “rather too modest” the Government’s target of getting superfast broadband to 90 per cent of homes in the next eight years.

In a debate on the Digital Economy Bill in the House of Lords, Bishop McCulloch also suggested the “bar has been set too low in terms of universal connection speed”.

The Government is planning to impose a 50p per month tax on phone lines to pay for the role out of broadband in hard-to-reach areas.

Read the whole article.

Posted in * Anglican - Episcopal, * Culture-Watch, * International News & Commentary, Anglican Provinces, Blogging & the Internet, Church of England (CoE), CoE Bishops, England / UK, Science & Technology

More moderate lifestyles means ending food waste, says cardinal

With poverty, hunger and environmental degradation on the rise worldwide, people must do all they can to not waste precious food, said Cardinal Renato Martino.

“In developed countries every year, 30 percent of foodstuffs are wasted, ending up in the garbage,” he said, adding that during the Christmas holidays the amount of wasted food rises to 40 percent.

In the United States, however, up to half its food supply is wasted year round, he said.

Read it all.

Posted in * Culture-Watch, * Religion News & Commentary, Dieting/Food/Nutrition, Ethics / Moral Theology, Globalization, Other Churches, Poverty, Roman Catholic, Theology

RNS: Clergy's Ethical Ratings Drop to 32-Year Low

Americans’ views of the “honesty and ethics” of clergy have hit a 32-year low, with just half rating their moral caliber as high or very high, according to Gallup’s annual Honesty and Ethics Ratings of Professions survey.

The reason for the decline from 56 percent last year to 50 percent in 2009 is “unclear,” according to a Gallup news release, which also noted that “now the clergy’s ratings are below where they were earlier this decade” at the height of the Catholic Church’s clergy abuse scandal.

Barbara Dorris, outreach coordinator for the Chicago-based Survivors Network of those Abused by Priests, attributed the drop to ripple effects from seven years of negative press surrounding predatory priests.

Read the whole thing.

Posted in * Christian Life / Church Life, * Culture-Watch, * International News & Commentary, * Religion News & Commentary, America/U.S.A., Ethics / Moral Theology, Ministry of the Ordained, Other Churches, Parish Ministry, Religion & Culture, Theology

The Presiding bishop joins MIT discussion on science and social responsibility

Scientists have an obligation to “tell the truth they know,” the Episcopal Church’s presiding bishop recently told a forum at MIT in Cambridge, and they should keep in mind the average person’s unasked question about their research: “What difference does that make for me?”

Presiding Bishop Katharine Jefferts Schori cited controversial areas of current research””bio-fuel crops, stem cell science, women’s cancer screening””with human and environmental interconnections and consequences.

“The very passion that is expressed in these discussions is an indication of the greater need for the scientific community’s engagement with the larger society. None of us can hide behind the technical work and leave the ethical work to other experts,” she said.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, Episcopal Church (TEC), Presiding Bishop, Religion & Culture, Science & Technology

In Canada a Devastating church fire is met with a strong community response

Members of All Saints’ Anglican Church in downtown Whitby, Ont. gathered outside on Monday to mourn the loss of their 140 year old church that burned in a fire before dawn.

Also lost in the fire were about 90 Christmas hampers that were ready to be delivered to needy families in the area, but the community is pulling together to help both the congregation and the families.

Read it all.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, Anglican Church of Canada, Anglican Provinces, Parish Ministry

New Center to Focus on Religion and Politics

Washington University in St. Louis will open a new academic center in January that will focus on the intersection of religion and politics and will be named for a former Missouri senator, John C. Danforth.

The John C. Danforth Center on Religion and Politics will eventually have five full-time faculty members, offer an undergraduate minor and sponsor conferences and lectures, Mr. Danforth, a former three-term Republican senator, said in an interview.

An ordained Episcopal priest and author of a book titled “Faith and Politics,” Mr. Danforth said the center would strive to be ideologically neutral and spark open-minded discussion on religion and politics. “I think all of us benefit from thinking about these issues more deeply, in a more scholarly way that is respectful to all points of view,” he said.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Politics in General, Religion & Culture

U.S. gave up billions in tax money in deal for Citigroup's bailout repayment

Federal regulators initially told Citigroup and other troubled banks that they would be required to hold on to the federal aid for some time as they return to health. But in recent months, the government switched to pushing the companies to repay the money as soon as possible. All nine firms that took federal money last October now have approved plans to pay it back.

This urgency has come despite the lingering concerns of many financial experts about the companies’ health. These analysts said they worry that the firms could face rising losses next year as high unemployment and economic weakness continue to drive great numbers of borrowers into default.

“They are rolling the dice big time,” said Christopher Whalen, a financial analyst with Institutional Risk Analytics. “My fear is that the banks will definitely have to raise a lot more capital next year. The question is from whom and on what terms.”

Read it all.

Posted in * Economics, Politics, Economy, Taxes, The 2009 Obama Administration Bank Bailout Plan, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government