Daily Archives: November 29, 2009

Time Cover Story–The '00s: Goodbye (at Last) to the Decade From Hell

At exactly two minutes after midnight on Jan. 1, 2000, an alarm sounded at a nuclear power plant in Onagawa, Japan. Government officials and computer scientists around the globe held their breath. Was this the beginning of a massive Y2K computer meltdown? Actually, no. It was an isolated event, one of a handful of glitches to occur (including the failure of 500 slot machines at two racetracks in Delaware) as the sun rose on the new decade. The dreaded millennial meltdown never happened.

Instead, it was the American Dream that was about to dim. Bookended by 9/11 at the start and a financial wipeout at the end, the first 10 years of this century will very likely go down as the most dispiriting and disillusioning decade Americans have lived through in the post”“World War II era. We’re still weeks away from the end of ’09, but it’s not too early to pass judgment. Call it the Decade from Hell, or the Reckoning, or the Decade of Broken Dreams, or the Lost Decade. Call it whatever you want ”” just give thanks that it is nearly over.

Calling the 2000s “the worst” may seem an overwrought label in a decade in which we fought no major wars, in historical terms. It is a sadly appropriate term for the families of the thousands of 9/11 victims and soldiers and others killed in Iraq and Afghanistan. But the lack of a large-scale armed conflict makes these past 10 years stand out that much more. This decade was as awful as any peacetime decade in the nation’s entire history. Between the West’s ongoing struggle against radical Islam and our recent near-death economic experience ”” trends that have largely skirted much of the developing world ”” it’s no wonder we feel as if we’ve been through a 10-year gauntlet. Americans may have the darkest view of recent history, since it’s in the U.S. that the effects of those trends have been most acute. If you live in Brazil or China, you have had a pretty good decade economically. Once, we were the sunniest and most optimistic of nations. No longer.

Read it all.

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

(London) Times Editorial: The crisis in Anglicanism threatens its position in national life

In the field of investment the man who is reliably wrong is a twisted genius. A good return is possible if the investor can do the precise opposite of everything that he recommends. The Church Commissioners, the asset managers for the Church of England, have a claim on the title of anti-investors supreme. Stung by sinking the lottery plate into property at the top of the market, they switched heavily into equities just as the long boom came to an end.

The result is a severe depletion of the Church’s pension fund at a time when retired clergy are living longer than ever. The clergy live in tied accommodation and earn only a small stipend, which makes reforming their fixed-benefit scheme difficult. As the task force established by the Archbishops of Canterbury and York concluded: “A guaranteed pension and access to affordable retirement housing have come to be seen as important ingredients of the compact.”

The fund is therefore in a parlous state.

Read it all.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Economics, Politics, Anglican Provinces, Church of England (CoE), Credit Markets, Economy, Ministry of the Ordained, Parish Ministry, Stock Market

An Advent Message from the Bishop of South Carolina

It’s a lot like bringing the boxes of Christmas decorations out of the attic or wherever you have them stored. Like pulling the Christmas sweaters from the wardrobe closet””that to my mind is the way the Church, each Advent, drags him out of the liturgical mothballs. His given name is John bar Zechariah. You know him as John the Baptist. He is completely out of step with what I have dubbed the Shopmas season. That is a word I coined some years ago to describe the season that begins the day after Thanksgiving and lasts until December 31. It is celebrated with lights, glitter, cards, parties, presents, and most of all shopping accompanied by holiday music. It is enchanting how puissant such songs as “Winter Wonderland” or “White Christmas” can be for the shopkeeper’s business. Some preachers complain about this festive celebration. I kind of like it.

My problem is with the lectionary. Just when I’m in the mood for the nostalgia of Shopmas the Church drags John the Baptizer out of the pages of the Bible and plops him smack dab in the middle of my life and I have to deal with him again. And not just for one Sunday but for two! I can see him there in the barren desert that borders the Jordan River near where it flows into the Dead Sea. The lowest place on earth and the last place most of us want to be during Shopmas. He’s out there preaching. He’s dressed austerely in skins and camel’s hair; living on a sparse diet of locust and wild honey. His voice raging like a furnace; his message burning like a wild fire in the chaparral, uncontained and uncontainable””“Repent,” he cries, “repent.”

There are those people, few and far between, who come into our lives with an austerity, even a harshness that the causes us to grow. They are tough on us, and yet for some reason do not offend us. Or if they do, we get over it and go on. Maybe it’s a teacher, a coach, or even a boss who gets the best out of us. They push us to become more than we thought we were able to be. John the Baptist is like that. This is one of the reasons the Church drags him out each Advent.

Read it carefully and read it all.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, Advent, Church Year / Liturgical Seasons, Episcopal Church (TEC), Pastoral Theology, TEC Bishops, Theology

David Ignatius: The jobless scary movie

For a political horror show, fast-forward to the summer of 2010: The unemployment rate is stubbornly high, hovering between 9.3 and 9.7 percent. Companies are wary about hiring more workers because the economy remains soft. Small businesses, which normally power a recovery, are caught in a credit squeeze.

In this scenario, the jobs outlook will remain bleak for another year. The unemployment rate will remain well above 8 percent in 2011. And the economy won’t bounce back completely for five years after that.

The Democrats, in our scary 2010 movie, will be heading toward the midterm elections hoping to preserve their 81-seat margin in the House. Vulnerable incumbents will be clamoring for more economic stimulus, but the Obama administration will be constrained by the huge budget deficits needed to bail out the economy after the 2008 financial crisis.

I wish that this economic forecast were just a bad dream after too much Thanksgiving turkey. But it’s drawn from the minutes of the Federal Reserve’s Nov. 3-4 meeting, released last week.

Read it all

Posted in * Economics, Politics, Economy, House of Representatives, Labor/Labor Unions/Labor Market, Office of the President, Politics in General, President Barack Obama, Senate

Gary Boal: Praying For Hurting Children

From here:

LORD there are children suffering at the hand of the evil doer, Lives ruined, souls tormented and in despair. Knowing only sorrow, loneliness, suffering and pain, Crying for help, to feel joy and peace again. Souls are marred on earth for all of their days When wicked prevail in evil ways. Children, defenceless against evil schemes, Suffer in silence at the hands of fiends. Oh Christ look down with justice from above, Rescue the children, may they know pure love. Send forth to the victims some rescuers To protect them from horrid monsters. May You heal hearts, souls and minds to live and reclaim normal lives. May children who’ve been deeply abused Once again sing childhood songs and be amused With toys and games and fun filled days. May they know You and Your redeeming ways.

LORD there are children suffering at the hand of the evil doer, Lives ruined, souls tormented and in despair. Knowing only sorrow, loneliness, suffering and pain, Crying for help, to feel joy and peace again. Souls are marred on earth for all of their days When wicked prevail in evil ways. Children, defenceless against evil schemes, Suffer in silence at the hands of fiends. Oh Christ look down with justice from above, Rescue the children, may they know pure love. Send forth to the victims some rescuers To protect them from horrid monsters. May You heal hearts, souls and minds to live and reclaim normal lives. May children who’ve been deeply abused Once again sing childhood songs and be amused With toys and games and fun filled days. May they know You and Your redeeming ways.

Posted in * Christian Life / Church Life, * Culture-Watch, Children, Parish Ministry, Pastoral Theology, Spirituality/Prayer, Theology

NPR: Ants That Count!

One of my favorite stories of the week; I am not going to spoil it by excerpting it you need to listen to it all (almost 6 minutes)

Posted in * General Interest, Animals

The $698,000 mistake–In real estate boom, one mother took a chance and lost big

[She was] a single mother of four who wanted a house….in the heady days of the mortgage boom….She only knew that there seemed to be possibilities, even to those with little means such as herself, which is how a woman who had never paid more than $700 a month in rent and who had relied in recent years on Section 8 housing vouchers suddenly owned a house.

A four-bedroom house.

With 3 1/2 bathrooms. And walk-in closets, black granite countertops and a fireplace.

And a sale price of $698,000.

How White was able to buy this house — and the havoc that doing so wrought — is the story of a moment in time when all of the old rules about home-buying suddenly disappeared. It happened even though smart people knew better. It happened in White’s case even though the college-educated day-care provider knew deep down that she was not ready. In the expansiveness of the boom, it was easy to believe. And tens of thousands of people did.

Incredible, except it really happened. It boggles the mind. Read it all.

Posted in * Economics, Politics, Consumer/consumer spending, Economy, Housing/Real Estate Market, Personal Finance, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

Gilbert M. Gaul: The Department of Lucrative Athletics

The rise of College Sports Inc. didn’t happen by accident. Administrators at many universities have allowed athletic departments to operate independently, like stand-alone entertainment divisions. They have separate budgets, negotiate their own TV deals and, in some cases, employ hundreds of coaches and staff. And as long as they continue to collect ever-larger sums from ticket sales, boosters and television, who is going to tell them to spend less?

Another key element fueling the arms race is the increasingly indefensible tax treatment of sports revenues. Decades ago ”” before the lucrative television contracts, Internet marketing, Nike sponsorships and luxury boxes ”” Congress essentially exempted colleges from paying taxes on their sports income. The legislators’ reasoning now appears shockingly quaint: that participation in college sports builds character and is an important component of the larger college experience.

Many booster clubs are recognized as charities under the federal tax code. At Florida and Georgia, to name just two universities, the athletic departments are set up as charities.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Economy, Education, Sports, Taxes

The Bishop of Bristol's Diocesan Synod Address

Good morning. What I have been asked to do this morning is to report on where we are at this point of time in the Anglican Communion. It’s a fairly complicated picture so I hope I will be given the gift of clarity as I talk to you about this. Since the last time I reported to Synod on these matters, six things have happened. I want to delineate those six things and comment on them and then conclude by talking about a situation which at the moment is absolutely no threat to the Uganda Link but is a potential cause of difficulty in relation to our relationships with the Church of Uganda.

Read it all

Posted in * Anglican - Episcopal, Anglican Church in North America (ACNA), Anglican Provinces, Church of England (CoE), Church of Uganda, CoE Bishops, Episcopal Church (TEC), General Convention, Lambeth 2008, Same-sex blessings, Sexuality Debate (in Anglican Communion), TEC Bishops, TEC Conflicts, Windsor Report / Process