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Daily Archives: December 7, 2023

(Church Times) There is a wide variation in Anglican cathedrals’ assets, figures show

Posted on December 7, 2023 by Kendall Harmon

Cathedral assets vary so widely that the richest cathedral holds 70 times more than the poorest, figures published in a written answer to a question at last month’s meeting of the General Synod have shown.

The Bishop of Sheffield, Dr Pete Wilcox, who chairs the Mutuality and Transparency in Finances Group, had asked what account the Church Commissioners had taken of the disparity; and the Dean of Peterborough, the Very Revd Chris Dalliston, had wanted to know what use would be made of the figures in supporting cathedrals in the financial challenges that they faced.

The figures date from 2020. Norwich topped the league table, with net assets of £73.5 million. Salisbury was the next highest, at £62.5 million, closely followed by Durham and Canterbury at 62.3 and 62.2 respectively. Lincoln (57.6), York Minster (50.7), Winchester (49.7), St Paul’s (42.4), Chichester (38.0), and Lichfield (32.7) completed the top ten.

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Posted in Church of England, England / UK, Parish Ministry, Religion & Culture, Stewardship

(NYT) From Unicorns to Zombies: Tech Start-Ups Run Out of Time and Money

Posted on December 7, 2023 by Kendall Harmon

WeWork raised more than $11 billion in funding as a private company. Olive AI, a health care start-up, gathered $852 million. Convoy, a freight start-up, raised $900 million. And Veev, a home construction start-up, amassed $647 million.

In the last six weeks, they all filed for bankruptcy or shut down. They are the most recent failures in a tech start-up collapse that investors say is only beginning.

After staving off mass failure by cutting costs over the past two years, many once-promising tech companies are now on the verge of running out of time and money. They face a harsh reality: Investors are no longer interested in promises. Rather, venture capital firms are deciding which young companies are worth saving and urging others to shut down or sell.

It has fueled an astonishing cash bonfire. In August, Hopin, a start-up that raised more than $1.6 billion and was once valued at $7.6 billion, sold its main business for just $15 million. Last month, Zeus Living, a real estate start-up that raised $150 million, said it was shutting down. Plastiq, a financial technology start-up that raised $226 million, went bankrupt in May. In September, Bird, a scooter company that raised $776 million, was delisted from the New York Stock Exchange because of its low stock price. Its $7 million market capitalization is less than the value of the $22 million Miami mansion that its founder, Travis VanderZanden, bought in 2021.

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Posted in * Economics, Politics, Corporations/Corporate Life, Economy

Looking Back 82 years–Franklin Delano Roosevelt’s Pearl Harbor Address to the Nation

Posted on December 7, 2023 by Kendall Harmon

Mr. Vice President, Mr. Speaker, Members of the Senate, and of the House of Representatives:

Yesterday, December 7th, 1941 — a date which will live in infamy — the United States of America was suddenly and deliberately attacked by naval and air forces of the Empire of Japan.

The United States was at peace with that nation and, at the solicitation of Japan, was still in conversation with its government and its emperor looking toward the maintenance of peace in the Pacific.

Indeed, one hour after Japanese air squadrons had commenced bombing in the American island of Oahu, the Japanese ambassador to the United States and his colleague delivered to our Secretary of State a formal reply to a recent American message. And while this reply stated that it seemed useless to continue the existing diplomatic negotiations, it contained no threat or hint of war or of armed attack.

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Posted in History, Military / Armed Forces, Office of the President

For his Feast day–(CH) Riot in Milan Quelled When Ambrose Agreed to Become Bishop

Posted on December 7, 2023 by Kendall Harmon

Bishop Auxentius of Milan had just died. As a proponent of the Arian heresy, he denied the eternal divinity of Christ. Now crowds surged into the streets, some shouting they wanted an Arian bishop, others demanding an orthodox Trinitarian replacement. If something was not done, there would be a riot. As regional governor, it was Ambrose’s responsibility to oversee the election. A popular nobleman, he pleaded with the crowd to keep the peace.

A child shouted, “Ambrose for bishop!” Others picked up the cry: “Ambrose for bishop! Ambrose for bishop!” In vain he tried to brush off the suggestion. The cry grew more insistent. “Ambrose for bishop!”

“But I haven’t even been baptized!” he argued. It was no use. Emperor Valentinian approved his election.

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Posted in Church History

A Prayer for the Feast Day of Saint Ambrose

Posted on December 7, 2023 by Kendall Harmon

O God, who didst give to thy servant Ambrose grace eloquently to declare thy righteousness in the great congregation, and fearlessly to bear reproach for the honor of thy Name: Mercifully grant to all bishops and pastors such excellency in preaching, and fidelity in ministering thy Word, that thy people may be partakers with them of the glory that shall be revealed; through Jesus Christ our Lord, who liveth and reigneth with thee and the Holy Spirit, one God, now and for ever.

Posted in Church History, Spirituality/Prayer

A Prayer to Begin the Day from Henry Stobat

Posted on December 7, 2023 by Kendall Harmon

O God, Father of mercies, who didst so love the world that thou didst give thine only begotten Son to take our nature upon him for us men and for our salvation: Grant to us who by his first coming have been called into thy kingdom of grace, that we may always abide in him, and be found watching and ready when he shall come again to call us to thy kingdom of glory; through the same Jesus Christ our Lord.

Posted in Advent, Spirituality/Prayer

From the Morning Bible Readings

Posted on December 7, 2023 by Kendall Harmon

“I gave you cleanness of teeth in all your cities,
and lack of bread in all your places,
yet you did not return to me,”
says the Lord.

“And I also withheld the rain from you
when there were yet three months to the harvest;
I would send rain upon one city,
and send no rain upon another city;
one field would be rained upon,
and the field on which it did not rain withered;
so two or three cities wandered to one city
to drink water, and were not satisfied;
yet you did not return to me,”
says the Lord.

“I smote you with blight and mildew;
I laid waste your gardens and your vineyards;
your fig trees and your olive trees the locust devoured;
yet you did not return to me,”
says the Lord.

“I sent among you a pestilence after the manner of Egypt;
I slew your young men with the sword;
I carried away your horses;
and I made the stench of your camp go up into your nostrils;
yet you did not return to me,”
says the Lord.

“I overthrew some of you,
as when God overthrew Sodom and Gomor′rah,
and you were as a brand plucked out of the burning;
yet you did not return to me,”
says the Lord.

“Therefore thus I will do to you, O Israel;
because I will do this to you,
prepare to meet your God, O Israel!”

For lo, he who forms the mountains, and creates the wind,
and declares to man what is his thought;
who makes the morning darkness,
and treads on the heights of the earth—
the Lord, the God of hosts, is his name!

–Amos 4:6-13

Posted in Theology: Scripture