Daily Archives: October 15, 2024

(Church Times) C of E Church Commissioners exclude more than 800 firms in past year

The Church Commissioners excluded, on ethical grounds, more than 800 companies from potential investment last year, including, they report, 38 companies that failed to engage with them over connections with Russia.

The figures are set out in their latest stewardship report, An Ethical and Responsible Approach, published last week. It is prepared annually to meet the reporting obligations of the UK Financial Reporting Council’s Stewardship Code and the Principles for Responsible Investment.

The total endowment fund was valued at £10.4 billion at the end of 2023 — up from £10.3 billion at the end of 2022 (News, 2 June 2023). The report covers the first year of the 2023-25 triennium, in which the Commissioners have committed themselves to distributing £1.2 billion in support of the Church’s mission — an increase of about 30 per cent on the previous triennium (News, 7 June).

Read it all.

Posted in Church of England (CoE), Corporations/Corporate Life, England / UK, Ethics / Moral Theology, Pensions, Religion & Culture, Stock Market

(WSJ) Worldwide Efforts to Reverse the Baby Shortage Are Falling Flat

Imagine if having children came with more than $150,000 in cheap loans, a subsidized minivan and a lifetime exemption from income taxes.

Would people have more kids? The answer, it seems, is no.

These are among the benefits—along with cheap child care, extra vacation and free fertility treatments—that have been doled out to parents in different parts of Europe, a region at the forefront of the worldwide baby shortage. Europe’s overall population shrank during the pandemic and is on track to contract by about 40 million by 2050, according to United Nations statistics.

Birthrates have been falling across the developed world since the 1960s. But the decline hit Europe harder and faster than demographers expected—a foreshadowing of the sudden drop in the U.S. fertility rate in recent years. 

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Posted in Anthropology, Children, Ethics / Moral Theology, Globalization, Marriage & Family, Politics in General

(Psephizo) Andrew Goddard–Is the Archbishop of Canterbury misleading everyone about the Prayers of Love and Faith (PLF)?

In summary, almost everything of substance that the Archbishop says about PLF in the quotation above (apart from “the church is deeply split over this”) is demonstrably either false or misleading unless the previous explanations and commitments offered by him and the bishops to General Synod are false or misleading. 

The Archbishop’s interview gives the impression that the Church of England, with the agreement of the majority of bishops, now teaches that sexual relationships, including same-sex sexual relationships, are acceptable as long as the couple are in a committed relationship, either a civil partnership or a marriage. Furthermore, he claims that the Church of England will provide a service of prayer and blessing in church for couples in such relationships. 

In fact, the theological argument presented by the bishops (and sight of the legal advice to bishops might demonstrate that this is also crucial for PLF’s legality) has been that any sexual relationship other than marriage between a man and a woman is contrary to the Church’s doctrine of marriage. Despite this, it has nevertheless been claimed by the majority of bishops that any committed same-sex couple (with or without a legal status) can be offered PLF as prayers within an existing authorised liturgy. This is even though it is also acknowledged that because their relationship may be sexual, such prayers are indicative of a departure from the church’s doctrine.

The Archbishop’s answer might have been “better” in the sense of probably being more appealing to Alastair Campbell. It is, however, in fact so highly misleading and inaccurate as to suggest a disturbing level of some combination of ignorance, misrepresentation, dishonesty and inaccuracy on the Archbishop’s part in his account of the church’s recent decisions, its doctrine, and its stated rationale for PLF. 

Our dire situation as a church is bad enough as a result of having been so divided because of the direction set by the Archbishops and most of the bishops. The fact that there are such deep theological disagreements on these matters that need to be addressed cannot and must not be avoided. However, such significantly erroneous statements as these from no less than the Archbishop of Canterbury, unless swiftly followed by an apology and correction, can only add further to the widespread erosion of trust and growing sense of disbelief, betrayal, deception, anger and despair now felt across much of the Church of England in relation to both the PLF process and our archiepiscopal leadership.

Read it all.

Posted in - Anglican: Analysis, --Civil Unions & Partnerships, Anthropology, Ecclesiology, Ethics / Moral Theology, Marriage & Family, Parish Ministry, Pastoral Theology, Same-sex blessings, Sexuality, Sexuality Debate (in Anglican Communion), Theology, Theology: Scripture

(Bloomberg) Global Public Debt to Hit $100 Trillion by End of 2024, IMF Says

Global public debt is set to reach $100 trillion, or 93% of global gross domestic product, by the end of this year, driven by the US and China, according to new analysis by the International Monetary Fund.

In its latest Fiscal Monitor — an overview of global public finance developments — the IMF said it expects debt to approach 100% of GDP by 2030, and it warns that governments will need to make tough decisions to stabilize borrowing.

Debt is tipped to increase in the US, Brazil, France, Italy, South Africa and UK, according to the IMF report, which urges governments to rein in debt.

“Waiting is risky: country experiences show that high debt can trigger adverse market reactions and constrains room for budgetary maneuver in the face of negative shocks,” it said.

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Posted in * Economics, Politics, Economy, Ethics / Moral Theology, Politics in General, The National Deficit

A Prayer for the Feast Day of Teresa of Avila

O God, who by thy Holy Spirit didst move Teresa of Avila to manifest to thy Church the way of perfection: Grant us, we beseech thee, to be nourished by her excellent teaching, and enkindle within us a lively and unquenchable longing for true holiness; through Jesus Christ, the joy of loving hearts, who with thee and the same Holy Spirit liveth and reigneth, one God, for ever and ever.

Posted in Church History, Spirituality/Prayer

A Prayer to Begin the Day from Christina Rossetti

O Lord God of time and eternity, who makest us creatures of time that, when time is over, we may attain thy blessed eternity: With time, thy gift, give us also wisdom to redeem the time, lest our day of grace be lost; for our Lord Jesus’ sake.

Posted in Spirituality/Prayer

From the Morning Scripture Readings

Now the word of the LORD came to Jonah the son of Amit’tai, saying, “Arise, go to Nin’eveh, that great city, and cry against it; for their wickedness has come up before me.” But Jonah rose to flee to Tarshish from the presence of the LORD. He went down to Joppa and found a ship going to Tarshish; so he paid the fare, and went on board, to go with them to Tarshish, away from the presence of the LORD.

–Jonah 1:1-3

Posted in Theology: Scripture