Watching the MF Global saga unfold, I had to wonder: “How was it possible for a broker dealer to tap segregated client monies to speculate in risky assets and lose billions?”

MF Global’s story, as you will soon understand it, raises serious concerns for any investor. That the activities that led to MF Global’s collapse were possibly legal (!) is stunning. The details are complex, but follow them through to the end and you will see all of the problems of our system ”” political corruption, excess leverage, focus on short-term profit at the expense of survival ”” in one sordid affair.

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As the political leaders of Europe come together to save the euro and European Union itself, I believe the time has come for religious leaders to do likewise.

The task ahead of us is not between Jews and Catholics, or even Jews and Christians, but between Jews and Christians on the one hand and the increasingly, even aggressively secularising forces at work in Europe today on the other, challenging and even ridiculing our faith.

When a civilisation loses its faith, it loses its future. When it recovers its faith, it recovers its future. For the sake of our children, and their children not yet born, we ”” Jews and Christians, side by side ”” must renew our faith and its prophetic voice. We must help Europe to recover its soul.

The idea of religious leaders saving the euro and the EU sounds absurd. What has religion to do with economics, or spirituality with financial institutions? The answer is that the market economy has religious roots. It emerged in a Europe saturated with Judeo-Christian values. In the Hebrew Bible, for instance, material prosperity is a divine blessing. Poverty crushes the human spirit as well as the body, and its alleviation is a sacred task.

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Calling former Czech President Vaclav Havel a “friend and fellow prisoner,” the president of the Czech bishops’ conference said the entire nation owes Havel a debt of gratitude for its freedom and the new flourishing of Czech life and culture.

Archbishop Dominik Duka of Prague, who was imprisoned with Havel by the communists, asked that the bells of all Catholic churches in the Czech Republic ring at 6 p.m. Dec. 18 in memory of the former president who died that morning at the age of 75.

The archbishop, who met Havel in prison in 1981 and continued to meet with him after the end of communism in 1989, was scheduled to celebrate Havel’s funeral Mass Dec. 23 in St. Vitus Cathedral.

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It is hypocritical and unjust of us to scapegoat bankers and industrialists and fail to notice greed and covetousness in our selves.
A bit of self-examination is in order. St Paul’s cathedral, which receives massive handouts from wealthy people and institutions in the City is ill-placed to condemn its benefactors. And wouldn’t you like a bit more money? I know I would.
At all times, but especially at Christmas, we should see ourselves as the far from perfect creatures we are ”“ the Bible’s word for this is ”˜sinners’. The remedy is to be generous, kind and charitable. For, as the Good Book says, ”˜Charity covers the multitude of sins.’

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For decades young people have flocked to seeker-friendly churches that feature culturally relevant services and a casual environment.

Now, a new denomination that emphasizes tradition and centuries-old sacraments and practices is drawing them in.

The Anglican Church in North America (ACNA) officially began in 2009 with hundreds of congregations that severed ties with the Episcopal Church.

In Albany Park on Chicago’s north side, a group of college students and recent graduates have started one of the ACNA’s newest church plants.

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Couples who break up often fight over many things, but in vitro fertility treatments have created a new frontier: Who controls the frozen embryos that often result from such procedures?

Such disputes have been growing as the procedure””in which an egg and sperm are joined outside the body””has become more common. Yet the legal system hasn’t established clear standards as to how to approach such cases and the outcomes have varied widely.

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I gather that many people believe that atheism implies nihilism ”” that rejecting God means rejecting morality….isn’t it true, as Dostoevsky said, that “if God is dead, everything is permitted”?

Well, actually ”” no, it’s not. (And for the record, Dostoevsky never said it was.) Atheism does not entail that anything goes.

Admittedly, some atheists are nihilists. (Unfortunately, they’re the ones who get the most press.) But such atheists’ repudiation of morality stems more from an antecedent cynicism about ethics than from any philosophical view about the divine. According to these nihilistic atheists, “morality” is just part of a fairy tale we tell each other in order to keep our innate, bestial selfishness (mostly) under control. Belief in objective “oughts” and “ought nots,” they say, must fall away once we realize that there is no universal enforcer to dish out rewards and punishments in the afterlife. We’re left with pure self-interest, more or less enlightened.
…[actually, however] many theists, like many atheists, believe that moral value is inherent in morally valuable things. Things don’t become morally valuable because God prefers them; God prefers them because they are morally valuable. At least this is what I was taught as a girl, growing up Catholic: that we could see that God was good because of the things He commands us to do. If helping the poor were not a good thing on its own, it wouldn’t be much to God’s credit that He makes charity a duty.

It may surprise some people to learn that theists ever take this position, but it shouldn’t. This position is not only consistent with belief in God, it is, I contend, a more pious position than its opposite. It is only if morality is independent of God that we can make moral sense out of religious worship. It is only if morality is independent of God that any person can have a moral basis for adhering to God’s commands.

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In February 2006, 5-year-old Jake Finkbonner fell and hit his head while playing basketball at his school in Ferndale, Wash. Soon, he developed a fever and his head swelled. His mother, Elsa, rushed him to Seattle Children’s Hospital, where the doctors realized Jake was battling a flesh-eating bacterium called Strep A.

“It traveled all around his face, his scalp, his neck, his chest,” she recalls, “and why it didn’t travel to his brain or his eyeballs or his heart? He was protected.”
Jake was protected, she says, by Kateri Tekakwitha, a Mohawk Indian who lived 350 years ago. She had converted to Catholicism and was considered holy enough by the Vatican to be elevated to “blessed” ”” one step before sainthood ”” in 1980. The Finkbonners are Lummi Indian, and their family and friends prayed that Kateri would intercede with God for Jake.

But the doctors’ efforts to get ahead of the infection were unsuccessful, and Jake was given his last rites. Then, suddenly, the infection stopped, stunning the doctors.

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Since I’ve been chairing a national Presbyterian Church (USA) committee on the Nature of the Church for the 21st century, I’ve been gaining a different perspective on many of the larger trends of our denomination. One thing that has been difficult to realize (and equally difficult to communicate to the larger church) is the young clergy crisis.

Why would I call it a crisis? We’ve known for a long time about the startling decline of young clergy. The drop-out rates don’t help (I can’t find hard and fast stats on this… but some claim that about 70% of young clergy drop out within the first five years of ministry, usually because of lack of support or financial reasons). The average age of a pastor in the PCUSA is 53. And I’ve realized that the age of our leadership might be much higher.

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Christopher Hitchens will be remembered as many things: an acerbic essayist, connoisseur of Scotch and cigarettes and roguish writer whose forceful pen was fueled by an imposing intellect.

Yet his impact on American life, which will be felt long after his death at age 62 on Thursday (Dec. 15), is likely to be the unabashed atheism he championed throughout his life, and the public voice he gave to growing numbers of unbelievers.

Even his foes””whose prayers he simultaneously welcomed and rejected as he battled esophageal cancer””say his acid-tongued arguments against God sharpened their own.

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In the end, what Pinker calls a “decline of violence” in modernity actually has been, in real body counts, a continual and extravagant increase in violence that has been outstripped by an even more exorbitant demographic explosion. Well, not to put too fine a point on it: So what? What on earth can he truly imagine that tells us about “progress” or “Enlightenment”””or about the past, the present, or the future? By all means, praise the modern world for what is good about it, but spare us the mythology.

And yet, oddly enough, I like Pinker’s book. On one level, perhaps, it is all terrific nonsense: historically superficial, philosophically platitudinous, occasionally threatening to degenerate into the dulcet bleating of a contented bourgeois. But there is also something exhilarating about this fideist who thinks he is a rationalist. Over the past few decades, so much of secularist discourse has been drearily clouded by irony, realist disenchantment, spiritual fatigue, self-lacerating sophistication: a postmodern sense of failure, an appetite for caustic cultural genealogies, a meek surrender of all “metanarrative” ambitions.

Pinker’s is an older, more buoyant, more hopeful commitment to the “Enlightenment”””and I would not wake him from his dogmatic slumber for all the tea in China. In his book, one encounters the ecstatic innocence of a faith unsullied by prudent doubt. For me, it reaffirms the human spirit’s lunatic and heroic capacity to believe a beautiful falsehood, not only in excess of the facts, but in resolute defiance of them.

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…our subject in this meditation is the third great wave of evangelization that followed the discovery of the New World….

I will briefly summarize the main headings of the growth of this missionary enterprise. Let me begin with an observation. Along with the faith, Christian Europe also exported its own divisions. By the end of the great missionary wave, the American continent would exactly reproduce the situation that existed in Europe: a Catholic majority in the south, and a corresponding Protestant majority in the north. We will only deal here with the evangelization of Latin America, which happened first, immediately after the discovery of the New World.

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Lord God Almighty, King of glory and love eternal, worthy art thou at all times to receive adoration, praise, and blessing; but especially at this time do we praise thee for the sending of thy Son our Saviour Jesus Christ, for whom our hearts do wait, and to whom, with thee and the Holy Spirit, one God, be honour and dominion, now and for ever.

Hannah also prayed and said, “My heart exults in the LORD; my strength is exalted in the LORD. My mouth derides my enemies, because I rejoice in thy salvation. “There is none holy like the LORD, there is none besides thee; there is no rock like our God. Talk no more so very proudly, let not arrogance come from your mouth; for the LORD is a God of knowledge, and by him actions are weighed. The bows of the mighty are broken, but the feeble gird on strength. Those who were full have hired themselves out for bread, but those who were hungry have ceased to hunger. The barren has borne seven, but she who has many children is forlorn. The LORD kills and brings to life; he brings down to Sheol and raises up. The LORD makes poor and makes rich; he brings low, he also exalts. He raises up the poor from the dust; he lifts the needy from the ash heap, to make them sit with princes and inherit a seat of honor. For the pillars of the earth are the LORD’S, and on them he has set the world. “He will guard the feet of his faithful ones; but the wicked shall be cut off in darkness; for not by might shall a man prevail. The adversaries of the LORD shall be broken to pieces; against them he will thunder in heaven. The LORD will judge the ends of the earth; he will give strength to his king, and exalt the power of his anointed.”

–1 Samuel 2:1-10

Now, the death of Kim Jong-il is rekindling speculation that this throwback autocracy must finally be poised to fall. Again, Pyongyang may defy the hopes of many. But in any event, the Korean peninsula faces a perilous period in which the Kim Jr will struggle to rule effectively. Whatever his own capabilities, analysts of the region agree that the family’s semi-divine aura, self-cultivated as it is, can do little except wane in the third generation.

If the reclusive state does break down messily, the scenario becomes one of alarm far beyond the peninsula. Not only is North Korea armed with a handful of primitive nuclear weapons but any unrest in its 1m-strong army could draw the US, China and Japan ”“ the world’s largest economies ”“ into an attritional conflict.

One of the greatest dangers is that US and Chinese forces might meet at close quarters as they pour into North Korea to secure atomic facilities….

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Christians are by far the largest religious group on the planet, and the religion has gone truly global over the past century, according to a new report out Monday, which finds some of the world’s biggest Christian communities in surprising places.

Europe was the clear center of world Christianity one hundred years ago, but today the Americas are home to more than a third of all Christians. In fact, the United States has the world’s largest Christian population, of more than 247 million, followed by Brazil and Mexico.

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Recently, we had to move out of our historic building because of damage caused to our walls by the August earthquake centered in Virginia. Within days we received several offers to help house our various services from Lutherans, Methodists, fellow Episcopalians and our generous neighbors at Mount Zion AME Church.

The next thing we know, we are benefitting from the gifts of our fellow citizens and worshiping on Sundays at 11:15 at the oldest Catholic parish in the Carolinas, St. Mary’s on Hasell Street….

…[and later] picture my surprise as an invitation came from the president of Kahal Kadosh Beth Elohim Synagogue across from St. Mary’s to have Christmas services at their location. Did I get that right? Did our Jewish brothers and sisters just invite us for Christmas at the synagogue?

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Underemployment, a measure that combines the percentage of workers who are unemployed with the percentage working part time but wanting full-time work, is 18.4% in mid-December, as measured by Gallup without seasonal adjustment. This is up slightly from 18.1% at the end of November and similar to the 18.5% of a year ago.

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Just fun–great and wonderful fun. Enjoy it all.

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A half-dozen religious leaders this morning delivered a letter to Alabama Gov. Robert Bentley’s office asking him in the spirit of the Christmas season to support the repeal of the state’s immigration law — the Beason-Hammon Act.

“We are writing to let you know that we are praying for you as you consider the multitude of problems caused by the Beason-Hammon Act,” the letter states. “In this time when we celebrate the greatest of gifts, we pray that you will show great political courage and leadership and support the repeal of this unfortunate legislation that has brought such heartache to our State.”

(Letter to Gov. Bentley)

The letter is signed by: Henry N. Parsley Jr., bishop of the Episcopal Church in the Diocese of Alabama; The Most Rev. Robert J. Baker, of the Catholic Diocese in Birmingham; The Most Rev. Thomas J. Rodi, archbishop of Mobile; William H. Willimon, bishop of the Birmingham area of the United Methodist Church….

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The Rev. Marc Robertson compared his congregation’s temporary move to Independent Presbyterian Church to a long visit with grandma.

“Since we don’t have a bed to sleep in, we’re staying at grandma’s for now,” said Robertson, rector at Christ Church Savannah.

Sunday marked the church’s first of many worship services to come at Independent Presbyterian at Bull and Liberty Streets following the the Anglican congregation’s ouster from historic property on Johnson Square.

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What this means is that there are Christians who already occupy Wall Street every day in their occupations as businessmen and women, bankers and investors, traders and executives, secretaries and receptionists, janitors and security guards. The church’s responsibility to these “occupiers” is to provide them with the moral and spiritual formation necessary to be faithful followers of Christ every day in their productive service to others.

A group of business and ministry leaders in the UK articulated this in a recent letter to The Times of London, in which they observed, “Many Christians today work within mainstream business, attempting to be ‘salt and light’. Others run organizations . . . that are committed to using business and finance to bring social benefits, raise living standards and create jobs.” Through these kinds of efforts such business leaders “are part of the broader effort of the Church to reform capitalism by going to the root of the problem: the human heart.”

Christians therefore must occupy the world in their occupations, doing all their work as Christians, whatever it is, “whether in word or deed,” as the Apostle Paul instructs, “in the name of the Lord Jesus, giving thanks to God the Father through him” (Col. 3:17 NIV). In this way the church finds its most significant and transformative cultural engagement through its affirmation of the daily work of Christians who already occupy Wall Street (and all streets).

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Church foreclosures are at an all-time high. Since 2008 more than 200 churches and other religious organizations have faced foreclosure, according to real estate services firm CoStar Group. In the decade before 2008, church foreclosures were rare, averaging less than 10 per year.

Tim Trainor, a spokesman for CoStar, said 2011 is so far the worst yet, including the “highest dollar volume” ever in the second quarter of 2011, when 20 properties totaling more than $27 million went into foreclosure.

These foreclosures are likely just the tip of the iceberg. No one really knows how many churches not officially in foreclosure are on the brink. Take, for example, The Church at South Las Vegas. The church started in 2001 by Pastor Benny Perez now has more than 4,000 in regular Sunday morning attendance. But the church also has a $53,000 per month mortgage payment, and it can’t sell any of its real estate because that real estate is now worth at least $5 million less than what the church paid for it.

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…the principle I have just tried to set out for you, of giving ourselves to and for others, is not just about religion. There’s been a lot of talk about building the Big Society this year, and unfortunately the very phrase has become something of a political football, and been prejudiced too by the need to make such cuts. The fact remains, though, that 2012 has to be the year when we start to work together for the common good, or stay stuck in the gloom. Anything that is going to happen for good is likely to be bottom-up not top-down.

If we are going to do that we are going to need to engage together, and in three ways. To make them easy to remember, all three things begin with P. We are going to need to get our hands dirty and share in growing new provision for our communities. Christ came into the same regular world that you and I live in, and got stuck in. Whether it is care for the isolated and vulnerable, places for young people to hang out safely, transport for rural places, lunch clubs or language classes, there are a whole raft of practical bits of provision that we need to hang onto and if necessary recreate together. We have a great tradition of community action together ”“ and the churches have by and large played their part well ”“ but did you know that nationally 60% of men born in 1946 were members of local organisations when they were in their 30s, but by 1970 that figure had dropped to just 8%? 2012 is surely the year to reverse that trend….Together we can get things done.

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KATE OLSON: Mt. Desert Island, off the coast of Maine, widely known as the home to the spectacular Acadia National Park. Here, at St. Andrew by the Lake Episcopal Church, a community of spiritual seekers gathered recently to hear about the Christian practice of contemplation from Martin Laird.

MARTIN LAIRD: (Speaking at St. Andrew) To navigate this ancient way of prayer is to “put out into the deep,” as Luke says, let down our nets for our catch. Paradoxically, we discover that it is we ourselves who are caught and held in this net”¦

OLSON: This is the central insight and discovery in the practice of contemplation, Laird says that the God we are seeking has already sought and found us. We simply are not aware of this union.

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The families of soldiers from Yorkshire killed in action or seriously injured in Afghanistan joined The Archbishop of York, Dr. John Sentamu at a special service of remembrance and thanksgiving at Bishopthorpe Palace in York…[this past Friday].

The service, which was held in the chapel at Bishopthorpe Palace, was attended by over 50 parents and partners, brothers and sisters, Visiting and Welfare Officers from across the York Diocese.

The Archbishop said: “We should not forget our brave servicemen and women, who put their lives on the line on a daily basis. We have the best and bravest troops in the world and it is important that they know how highly they are thought of by this nation.”

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Kim Jong Il, the dictator who used fear and isolation to maintain power in North Korea and his nuclear weapons to menace his neighbors and threaten the U.S., has died, North Korean state television reported early Monday.

His death opens a new and potentially dangerous period of transition and instability for North Korea and northeast Asia. Mr. Kim in September 2010 tapped the youngest of his three sons, Kim Jong Eun, to succeed him, and North Korean state television on Monday said the younger Mr. Kim will lead the country.

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