Of course, simply offering blank checks to the profligate is not a good solution either. But the current way the European Central Bank is acting may be the worst of all worlds. By buying government bonds while insisting it will soon stop, it is sending the message that bondholders had better sell quickly.

By contrast, if the bank made a promise to buy all the bonds that were offered to it ”” backed by its ability to print money ”” it might have to buy few bonds.

There is a real risk of moral hazard in central bank bailouts. The theory offered by Bagehot in the 19th century called for banks to make loans on securities that are of high quality and will be liquid when the panic passes, but not on low-quality securities. Telling the good from the bad during a panic is not always easy.

But we have until now assumed that a central bank would find bonds issued by its own government to be good paper, and investors could act accordingly.

Read it all.

Congregations increased by nearly a quarter at more than 4,200 churches on Back to Church Sunday on 25th September 2011 ”“ an average of 19 extra people per church.

Overall 18 per cent of participating churches reported that nearly 14,000 extra people attended church on Back to Church Sunday 2011 in Great Britain; over 10,000 of these attended Church of England churches. Based on these numbers it could be estimated that:

An extra 77,000 people attended church on Back to Church Sunday 2011 (over 58,000 in the Church of England)
Since the first Back to Church Sunday in 2004, nearly 230,000 people have come back to church.

Read it all.

Contemplate a higher power. Religious individuals don’t necessarily act with more gratitude in a specific situation, but thinking about religion can cause people to feel and act more gratefully, as demonstrated in experiments by Jo-Ann Tsang and colleagues at Baylor University. Other research shows that praying can increase gratitude.

Go for deep gratitude. Once you’ve learned to count your blessings, Dr. [Robert] Emmons says, you can think bigger.

“As a culture, we have lost a deep sense of gratefulness about the freedoms we enjoy, a lack of gratitude toward those who lost their lives in the fight for freedom, a lack of gratitude for all the material advantages we have,” he says. “The focus of Thanksgiving should be a reflection of how our lives have been made so much more comfortable by the sacrifices of those who have come before us.”

Read it all.

You just have to love it, watch it all.

The article entitled “S.C. Episcopal Diocese releases property claim” fails on several levels. It manages to be credulous and one-sided. It does not examine the veracity of claims put forward by one party in the dispute, and neglects to mention the opposing arguments. It lacks context while the narrative arc of the story is so slanted as to make it appear to be a press release. Let me be clear that I am not commenting on the issue being reported in this story….

Bishop Mark Lawrence speaks, but his words are interspersed with the reporter’s opinion as to the meaning of the facts and law so as to leave the impression the bishop is a bit of a crank and that he and the diocese are the aggressors. This may be the view of one party, but it is far from being settled as fact….

Read it all.

Clergy could find themselves granted full employment rights for the first time under two test cases currently going through employment tribunals.

Clergy are often referred to, incorrectly, as employees of God but since records began they have been regarded in law as self-employed office-holders.

In the Church of England the Rev Mark Sharpe is demanding the right to sue for constructive dismissal after claiming he was driven from his parish by a campaign of “intimidation from toxic parishioners”.

Read it all (subscription required).

Dearly beloved in the Lord, ye that mind to come to the holy Communion of the body and blood of our Saviour Christ, must consider what Saint Paul writeth to the Corinthians, how he exhorteth all persons diligently to try and examine themselves, before they presume to eat of that Bread and drink of that Cup. For as the benefit is great, if with a true penitent heart, and lively faith we receive that holy Sacrament; (for then we spiritually eat the flesh of Christ and drink his blood; then we dwell in Christ, and Christ in us; we be one with Christ, and Christ with us;) So is the danger great, if we receive the same unworthily. For then we be guilty of the Body and Blood of Christ our Saviour; we eat and drink our own damnation, not considering the Lord’s body; we kindle God’s wrath against us; we provoke him to plague us with divers diseases, and sundry kinds of death. Therefore if any of you be a blasphemer of God, an hinderer or slanderer of his Word, an adulterer, or be in malice, or envy, or in any other grievous crime, bewail our sins, and come not to this holy Table; lest, after the taking of that holy Sacrament, the devil enter into you, as he entered into Judas, and fill you full of all iniquities, and bring you to destruction both of body and soul. Judge therefore yourselves, brethren, that ye be not judged of the Lord; repent you truly for your sins past; have a lively and stedfast faith in Christ our Saviour; amend your lives, and be in perfect charity with all men; so shall ye be meet partakers of those holy mysteries. And above all things ye must give most humble and hearty thanks to God, the Father, the Son, and the Holy Ghost, for the redemption of the world by the death and passion of our Saviour Christ, both God and man; who did humble himself, even to the death upon the Cross, for us miserable sinners, which lay in darkness and shadow of death; that he might make us the children of God, and exalt us to everlasting life. And to the end that we should alway remember the exceeding great love of our Master and only Saviour, Jesus Christ, thus dying for us, and the innumerable benefits which by his precious blood-shedding he hath obtained to us; he hath instituted and ordained holy mysteries, as pledges of his love, and continual remembrance of his death, to our great and endless comfort. To him therefore, with the Father and the Holy Ghost, let us give (as we are most bounden) continual thanks; submitting ourselves wholly to his holy will and pleasure, and studying to serve him in true holiness and righteousness all the days of our life. Amen.

O loving God, by whose grace thy servant James Huntington gathered a community dedicated to love and discipline and devotion to the holy Cross of our Savior Jesus Christ: Send thy blessing upon all who proclaim Christ crucified, and move the hearts of many to look unto him and be saved; who with thee and the Holy Spirit liveth and reigneth, one God, for ever and ever.

O God, the Father of our Lord Jesus Christ, give us grace, we beseech thee, to walk worthy of thee, so as to be pleasing in thy sight; that being fruitful in every good work, and increasing in the knowledge of thee, we may be made meet at last to be partakers of the inheritance of the saints in light; through the same Jesus Christ our Lord.

Now who is there to harm you if you are zealous for what is right? But even if you do suffer for righteousness’ sake, you will be blessed. Have no fear of them, nor be troubled, but in your hearts reverence Christ as Lord. Always be prepared to make a defense to any one who calls you to account for the hope that is in you, yet do it with gentleness and reverence; and keep your conscience clear, so that, when you are abused, those who revile your good behavior in Christ may be put to shame. For it is better to suffer for doing right, if that should be God’s will, than for doing wrong. For Christ also died for sins once for all, the righteous for the unrighteous, that he might bring us to God, being put to death in the flesh but made alive in the spirit…

–1 Peter 3:13-18

One day near the middle of the last century a minister in a prison camp in Germany conducted a service for the other prisoners. One of those prisoners, an English officer who survived, wrote these words:

“Dietrich Bonhoeffer always seemed to me to spread an atmosphere of happiness and joy over the least incident, and profound gratitude for the mere fact that he was alive”¦ He was one of the very few persons I have ever met for whom God was real and always near”¦ On Sunday, April 8, 1945, Pastor Bonhoeffer conducted a little service of worship and spoke to us in a way that went to the heart of all of us. He found just the right words to express the spirit of our imprisonment, and the thoughts and resolutions it had brought us. He had hardly ended his last prayer when the door opened and two civilians entered. They said, “Prisoner Bonhoeffer, come with us.” That had only one meaning for all prisoners”“the gallows. We said good-bye to him. He took me aside: “This is the end; but for me it is the beginning of life.” The next day he was hanged in Flossenburg.”

I read it every year on this day and every year it brings me to tears–KSH.

Oh King of grief! (a title strange, yet true,
To thee of all kings only due)
Oh King of wounds! how shall I grieve for thee,
Who in all grief preventest me?
Shall I weep blood? why thou has wept such store
That all thy body was one door.
Shall I be scourged, flouted, boxed, sold?
‘Tis but to tell the tale is told.
‘My God, my God, why dost thou part from me? ‘
Was such a grief as cannot be.
Shall I then sing, skipping, thy doleful story,
And side with thy triumphant glory?
Shall thy strokes be my stroking? thorns, my flower?
Thy rod, my posy? cross, my bower?
But how then shall I imitate thee, and
Copy thy fair, though bloody hand?
Surely I will revenge me on thy love,
And try who shall victorious prove.
If thou dost give me wealth, I will restore
All back unto thee by the poor.
If thou dost give me honour, men shall see,
The honour doth belong to thee.
I will not marry; or, if she be mine,
She and her children shall be thine.
My bosom friend, if he blaspheme thy name,
I will tear thence his love and fame.
One half of me being gone, the rest I give
Unto some Chapel, die or live.
As for thy passion – But of that anon,
When with the other I have done.
For thy predestination I’ll contrive,
That three years hence, if I survive,
I’ll build a spittle, or mend common ways,
But mend mine own without delays.
Then I will use the works of thy creation,
As if I us’d them but for fashion.
The world and I will quarrel; and the year
Shall not perceive, that I am here.
My music shall find thee, and ev’ry string
Shall have his attribute to sing;
That all together may accord in thee,
And prove one God, one harmony.
If thou shalt give me wit, it shall appear;
If thou hast giv’n it me, ’tis here.
Nay, I will read thy book, and never move
Till I have found therein thy love;
Thy art of love, which I’ll turn back on thee,
O my dear Saviour, Victory!
Then for thy passion – I will do for that –
Alas, my God, I know not what.

–George Herbert (1593-1633)

In an age in which students can get suspended for wearing religious T-shirts to school and pre-game prayers have been dropped lest they offend someone, it is a wonder the Supreme Court has not ruled Thanksgiving unconstitutional. It is, after all, an official recognition of religion.

To deny Thanksgiving’s religious basis is to ignore the spark that ignited the Pilgrims’ productive labors. They worked hard, and the bounty this work created was the product of human exertion. But their efforts were not entirely motivated by a desire for prosperity.

In his 1995 book, “Creating the Commonwealth,” historian Stephen Innes argues that the secret to Massachusetts Bay’s economic success ”” for which the colonists gave thanks ”” was its religious underpinning. “Massachusetts Bay was a commonwealth that flourished in large part because its notion of redemptive community endowed economic development with moral, spiritual, and religious imperatives,” he wrote. “The settlers’ providentialism ”” the belief that they were participating in the working out of God’s purposes ”” made all labor and enterprise ”˜godly business,’ to be pursued aggressively and judged by the most exacting of standards.”

The Pilgrims did not work only to feed, clothe, and house themselves. They worked to glorify God, and work so motivated produced abundant profits”¦.”

–The New Hampshire Union Leader in 2004

The group is the University of Utah Singers performing under the direction of Brady Allred.

The singers are Quire Cleveland under the direction of Peter Bennett.

Miss Thompson [a teacher I had when I was young] reached into her desk drawer and pulled out a piece of paper containing a quote attributed to Chicago architect Daniel Burnham. I listened intently as she read: “Make no little plans; they have no magic to stir men’s blood and probably themselves will not be realized. Make big plans, aim high in hope and work. Remember that our sons and grandsons are going to do things that would stagger us.”

More than 30 years later, I gave a speech in which I said that Frances Thompson had given me a desperately needed belief in myself. A newspaper printed the story, and someone mailed the clipping to my beloved teacher. She wrote me: “You have no idea what that newspaper story meant to me. For years, I endured my brother’s arguments that I had wasted my life. That I should have married and had a family. When I read that you gave me credit for helping to launch a marvelous career, I put the clipping in front of my brother. After he’d read it, I said, ‘You see, I didn’t really waste my life, did I?'”

–Carl Rowan, Breaking Barriers

Praise the LORD! For it is good to sing praises to our God; for he is gracious, and a song of praise is seemly. The LORD builds up Jerusalem; he gathers the outcasts of Israel. He heals the brokenhearted, and binds up their wounds. He determines the number of the stars, he gives to all of them their names. Great is our LORD, and abundant in power; his understanding is beyond measure. The LORD lifts up the downtrodden, he casts the wicked to the ground. Sing to the LORD with thanksgiving; make melody to our God upon the lyre! He covers the heavens with clouds, he prepares rain for the earth, he makes grass grow upon the hills. He gives to the beasts their food, and to the young ravens which cry. His delight is not in the strength of the horse, nor his pleasure in the legs of a man; but the LORD takes pleasure in those who fear him, in those who hope in his steadfast love.

Praise the LORD, O Jerusalem! Praise your God, O Zion! For he strengthens the bars of your gates; he blesses your sons within you. He makes peace in your borders; he fills you with the finest of the wheat. He sends forth his command to the earth; his word runs swiftly. He gives snow like wool; he scatters hoarfrost like ashes. He casts forth his ice like morsels; who can stand before his cold? He sends forth his word, and melts them; he makes his wind blow, and the waters flow. He declares his word to Jacob, his statutes and ordinances to Israel. He has not dealt thus with any other nation; they do not know his ordinances. Praise the LORD!

–Psalm 147:1-20

As we express our gratitude, we must never forget that the highest appreciation is not to utter words, but to live by them.

–John F. Kennedy

These are the people who sacrifice so that you can celebrate this day in relative peace and safety, without fear of censure or prohibition. These are the people who give up their holidays and family so that you can have yours.

It doesn’t matter if they are regular forces, national guard or reserve, or even state guards/militia: they are there to do for you so that the 99 percent plus of you that do not serve (or even know someone who does) can enjoy the fullest possible benefits of liberty.

Today, join us in giving thanks for this small percentage of our population who voluntarily chose to give up some of their freedoms and miss holidays and family, so that you can enjoy yours.

Read it all.

There are 19 in all–check them out.

Cpl. Heinz Arnold of Patchogue, N.Y., played “Onward Christian Soldiers” on the mighty coronation organ. With stately strides, Sgt. Francis Bohannan of Philadelphia advanced up the center aisle carrying a huge American flag. Behind him came three chaplains, the dean of the Abbey, and a Who’s Who of top American admirals, generals and diplomats. On the high altar, other soldiers draped an even larger American flag.

Their faces “plainly reflected what lay in their heart,” one reporter noted, as the visitors sang “America the Beautiful” and “Lead On O King Eternal.” The U.S. ambassador to Britain, John G. Winant, read a brief message from President Franklin D. Roosevelt: “It is a good thing to give thanks unto the Lord. Across the uncertain ways of space and time our hearts echo those words.” The Dean of Westminster and one of the Abbey’s chaplains also spoke. “God has dealt mercifully and bountifully with us,” the chaplain said. “True, we have had our difficulties . . . but all of these trials have made us stronger to do the great tasks which have fallen to us.”

Throughout Britain, the first global Thanksgiving gave men and women from the New World and the Old World a much-needed feeling of spiritual solidarity. Let us hope that today’s overseas service men and women can have a similar impact on a troubled and divided world. Happy Thanksgiving””and our nation’s sincerest thanks”” to them all, wherever they may be deployed.

Read it all.

The church is ageless yellow pine, with wood panels, cross sills and lumbered pews worked by hand more than a century ago. It echoes with the past.

On Thanksgiving Eve, the Sauldam Baptist Church congregation goes back into the old sanctuary under the live oaks for a night of skits, readings, songs and worship that opens with recitations like Rudyard Kipling’s “If” and closes with timeless hymns such as “How Great Thou Art.”

The service is a throwback to another time, a sort of harvest celebration that isn’t as common these days.

Read it all from the front page of the local paper.

As I write this, the majority of Americans are tucked safely into bed in anticipation of the next day’s food and festivities. Here in Afghanistan, Soldiers are beginning to wake up. Breakfast is just being served and others are out exercising. I want to take a moment and just tell you what I’m thankful for this year.

First and foremost, I’m thankful for a forgiving God. I’m thankful for the atonement of his Son, Jesus Christ, that made it possible for me to live again in spite of my sins and shortcomings. Though many, I have been provided with opportunity and grace through humility and repentance.

I’m thankful for my life. As some of you know, I had a close call last year and the past 18 months have been rebuilding and strengthening my mental and emotional well-being. It’s been a rough journey for me and especially my family. Which leads me to my next thanksgiving.

May all who serve and their families be remembered this day–read it all (and do not miss the picture).

The group is the Woodson Select Vocal Ensemble from Fairfax, Virginia.

There is a marvelous medicinal power in joy. Most medicines are distasteful; but this, which is the best of all medicines, is sweet to the taste, and comforting to the heart. We noticed, in our reading, that there had been a little tiff between two sisters in the church at Philippi;””I am glad that we do not know what the quarrel was about; I am usually thankful for ignorance on such subjects;””but, as a cure for disagreements, the apostle says, “Rejoice in the Lord alway.” People who are very happy, especially those who are very happy in the Lord, are not apt either to give offence or to take offence. Their minds are so sweetly occupied with higher things, that they are not easily distracted by the little troubles which naturally arise among such imperfect creatures as we are. Joy in the Lord is the cure for all discord. Should it not be so? What is this joy but the concord of the soul, the accord of the heart, with the joy of heaven? Joy in the Lord, then, drives away the discords of earth.
Further, brethren, notice that the apostle, after he had said, “Rejoice in the Lord alway,” commanded the Philippians to be careful for nothing, thus implying that joy in the Lord is one of the best preparations for the trials of this life. The cure for care is joy in the Lord. No, my brother, you will not be able to keep on with your fretfulness; no, my sister, you will not be able to weary yourself any longer with your anxieties, if the Lord will but fill you with his joy. Then, being satisfied with your God, yea, more than satisfied, overflowing with delight in him, you will say to yourself, “Why art thou cast down, O my soul? And why art thou disquieted in me? Hope thou in God: for I shall yet praise him for the help of his countenance.” What is there on earth that is worth fretting for even for five minutes? If one could gain an imperial crown by a day of care, it would be too great an expense for a thing which would bring more care with it. Therefore, let us be thankful, let us be joyful in the Lord. I count it one of the wisest things that, by rejoicing in the Lord, we commence our heaven here below. It is possible so to do, it is profitable so to do, and we are commanded so to do.

Now I come to the text itself, “Rejoice in the Lord alway: and again I say, Rejoice.”

It will be our first business at this time to consider THE GRACE COMMANDED, this grace of joy; “Rejoice in the Lord,” says the apostle.

In the first place, this is a very delightful thing. What a gracious God we serve, who makes delight to be a duty, and who commands us to rejoice! Should we not at once be obedient to such a command as this? It is intended that we should be happy. That is the meaning of the precept, that we should be cheerful; more than that, that we should be thankful; more than that, that we should rejoice. I think this word “rejoice” is almost a French word; it is not only joy, but it is joy over again, re-joice. You know re usually signifies the reduplication of a thing, the taking it over again. We are to joy, and then we are to re-joy. We are to chew the cud of delight; we are to roll the dainty morsel under our tongue till we get the very essence out of it. “Rejoice.” Joy is a delightful thing. You cannot be too happy, brother. Nay, do not suspect yourself of being wrong because you are full of delight. You know it is said of the divine wisdom, “Her ways are ways of pleasantness, and all her paths are peace.” Provided that it is joy in the Lord, you cannot have too much of it. The fly is drowned in the honey, or the sweet syrup into which he plunges himself; but this heavenly syrup of delight will not drown your soul, or intoxicate your heart. It will do you good, and not evil, all the days of your life. God never commanded us to do a thing that would really harm us; and when he bids us rejoice, we may be sure that this is a delightful as it is safe, and as safe as it is delightful. Come, brothers and sisters, I am inviting you now to no distasteful duty when, in the name of my Master, I say to you, as Paul said to the Philippians under the teaching of the Holy Spirit, “Rejoice in the Lord alway: and again I say, Rejoice.”

”“C.H. Spurgeon (1834 ”“ 1892)

The year that is drawing towards its close, has been filled with the blessings of fruitful fields and healthful skies. To these bounties, which are so constantly enjoyed that we are prone to forget the source from which they come, others have been added, which are of so extraordinary a nature, that they cannot fail to penetrate and soften even the heart which is habitually insensible to the ever watchful providence of Almighty God. In the midst of a civil war of unequalled magnitude and severity, which has sometimes seemed to foreign States to invite and to provoke their aggression, peace has been preserved with all nations, order has been maintained, the laws have been respected and obeyed, and harmony has prevailed everywhere except in the theatre of military conflict; while that theatre has been greatly contracted by the advancing armies and navies of the Union. Needful diversions of wealth and of strength from the fields of peaceful industry to the national defence, have not arrested the plough, the shuttle, or the ship; the axe had enlarged the borders of our settlements, and the mines, as well of iron and coal as of the precious metals, have yielded even more abundantly than heretofore. Population has steadily increased, notwithstanding the waste that has been made in the camp, the siege and the battle-field; and the country, rejoicing in the consciousness of augmented strength and vigor, is permitted to expect continuance of years with large increase of freedom.

No human counsel hath devised nor hath any mortal hand worked out these great things. They are the gracious gifts of the Most High God, who, while dealing with us in anger for our sins, hath nevertheless remembered mercy. It has seemed to me fit and proper that they should be solemnly, reverently and gratefully acknowledged as with one heart and voice by the whole American People. I do therefore invite my fellow citizens in every part of the United States, and also those who are at sea and those who are sojourning in foreign lands, to set apart and observe the last Thursday of November next, as a day of Thanksgiving and Praise to our beneficent Father who dwelleth in the Heavens. And I recommend to them that while offering up the ascriptions justly due to Him for such singular deliverances and blessings, they do also, with humble penitence for our national perverseness and disobedience, commend to his tender care all those who have become widows, orphans, mourners or sufferers in the lamentable civil strife in which we are unavoidably engaged, and fervently implore the interposition of the Almighty Hand to heal the wounds of the nation and to restore it as soon as may be consistent with the Divine purposes to the full enjoyment of peace, harmony, tranquillity and Union.

[New York, 3 October 1789]

By the President of the United States of America. a Proclamation.

Whereas it is the duty of all Nations to acknowledge the providence of Almighty God, to obey his will, to be grateful for his benefits, and humbly to implore his protection and favor”“and whereas both Houses of Congress have by their joint Committee requested me “to recommend to the People of the United States a day of public thanksgiving and prayer to be observed by acknowledging with grateful hearts the many signal favors of Almighty God especially by affording them an opportunity peaceably to establish a form of government for their safety and happiness.”

Now therefore I do recommend and assign Thursday the 26th day of November next to be devoted by the People of these States to the service of that great and glorious Being, who is the beneficent Author of all the good that was, that is, or that will be”“That we may then all unite in rendering unto him our sincere and humble thanks”“for his kind care and protection of the People of this Country previous to their becoming a Nation”“for the signal and manifold mercies, and the favorable interpositions of his Providence which we experienced in the tranquillity, union, and plenty, which we have since enjoyed”“for the peaceable and rational manner, in which we have been enabled to establish constitutions of government for our safety and happiness, and particularly the national One now lately instituted”“for the civil and religious liberty with which we are blessed; and the means we have of acquiring and diffusing useful knowledge; and in general for all the great and various favors which he hath been pleased to confer upon us.

and also that we may then unite in most humbly offering our prayers and supplications to the great Lord and Ruler of Nations and beseech him to pardon our national and other transgressions”“to enable us all, whether in public or private stations, to perform our several and relative duties properly and punctually”“to render our national government a blessing to all the people, by constantly being a Government of wise, just, and constitutional laws, discreetly and faithfully executed and obeyed”“to protect and guide all Sovereigns and Nations (especially such as have shewn kindness onto us) and to bless them with good government, peace, and concord”“To promote the knowledge and practice of true religion and virtue, and the encrease of science among them and us”“and generally to grant unto all Mankind such a degree of temporal prosperity as he alone knows to be best.

Given under my hand at the City of New-York the third day of October in the year of our Lord 1789.

Go: Washington

People in the early twenty-first century seem to struggle to be thankful. One moving story on this topic concerns a seminary student in Evanston, Illinois, who was part of a life-saving squad. On September 8, 1860, a ship called the Lady Elgin went aground on the shore of Lake Michigan near Evanston, and Edward Spencer waded again and again into the frigid waters to rescue 17 passengers. In the process, his health was permanently damaged. Some years later he died in California at the age of 81. In a newspaper notice of his death, it was said that not one of the people he rescued ever thanked him.

Today is a day in which we are to be reminded of our creatureliness, our frailty, and our dependence. One of the clearest ways we may express this is to seek to give thanks in all circumstances (Philippians 4:6).

I am sure today you can find much for which to give thanks: the gift of life, the gift of faith, the joy of friends and family, all those serving in the mission field extending the reach of the gospel around the world, and so much else. I also invite you to consider taking a moment at some point today to write a note of thanksgiving to someone who really made a difference in your life: possibly a teacher, a coach, a mentor, a minister or a parent. You might even write to the parish secretary, the sexton, or the music minister in the parish where you worship; they work very hard behind the scenes.

”“The Rev. Canon Dr. Kendall S. Harmon is the convenor of this blog and takes this opportunity to give thanks for all blog readers and participants and to wish everyone a blessed Thanksgiving