Daily Archives: December 5, 2024

(Church Times) ‘I had to stand down,’ Archbishop Welby tells House of Lords

A head had to roll for safeguarding failures in the Church of England, and the Archbishop of Canterbury’s is the only one that “rolls well enough”, Archbishop Welby told the House of Lords on Thursday.

He began his valedictory speech with some remarks about his decision to resign — the first public comments that he has made since the statement three weeks ago announcing his decision (News, 12 November).

“The reality is that there comes a time, if you are technically leading a particular institution or area of responsibility, where the shame of what has gone wrong, whether one is personally responsible or not, must require a head to roll. And there is only, in this case, one head that rolls well enough,” he said.

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Posted in --Justin Welby, Archbishop of Canterbury, Church of England, Ethics / Moral Theology

(Economist Cover Story) America’s Gambling Boom

A craze for betting is sweeping over America. This year Americans are on track to wager nearly $150bn on sports, having bet a paltry $7bn in 2018. Another $80bn is being wagered in online casinos; in the few weeks when election gambling was legal before the presidential vote, hundreds of millions of dollars were placed on the outcome. Even physical casinos are spreading. Soon the island of Manhattan could have its own casino towering over Times Square.

As our Briefing this week explains, the revolution has been unleashed by the overturning of bans, the rise of always-available betting apps and a booming economy. It is turning gambling into a mammoth business. Americans may wager as much as $630bn online by the end of the decade, quadrupling gambling companies’ revenues from sports-betting and virtual casinos. Earlier this year the market capitalisation of Flutter, a company that owns online betting platforms including FanDuel, the biggest sports-betting site in America, overtook the biggest behemoth in physical casinos, Las Vegas Sands. Gambling is changing the nature of sports, too, invigorating fans and enlivening broadcasting. Last year espn, the sports network owned by Disney, launched its own betting app.

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Posted in America/U.S.A., Gambling

(WSJ) Pakistan’s Reliance on Chinese-Built Power Plants Is Strangling Its Economy

WSJ When Muhammad Imtiaz received an electricity bill of over $120 last summer, he panicked. The bill, for June and July, was all he earns in a month of ferrying passengers on his motorbike in the scrappy suburbs outside Pakistan’s capital Islamabad.

In his two-room home, where he lives with his wife and four children, he only has a fridge and lights. He runs two fans in the summer months when heat can exceed 110 degrees Fahrenheit.

“Should I give my rent, pay the electricity bill, or buy food for my children?” said Imtiaz, who has racked up $3,000 in debt. His family has one meal a day: watered-down lentils with flatbread. A decade ago, Pakistan, cripplingly short of power, turned to Beijing to build more than a dozen coal, solar and hydroelectric power plants as part of China’s huge infrastructure push in the country.

Now a series of policy mistakes by Islamabad means that Pakistan has enough electricity and more—but, due to the huge debt owed to China, few can afford it. The crisis is overwhelming Pakistan’s fragile economy, throwing millions of households into misery, shredding government finances and shutting down industry.

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Posted in * Economics, Politics, China, Economy, Energy, Natural Resources, Foreign Relations, Pakistan, Personal Finance, Politics in General

(CH) Clement of Alexandria: What Kind of Rich Person Can Be Saved?

What God wants is a “take it or leave it” attitude about money. Money must not be the master; rather it must be the slave. If one has money, it is for the sake of his brethren; if he does not have money, he is as cheerful as if he had. That is what it means to be poor in spirit.

Another way to see that Jesus was speaking metaphorically when he spoke of the difficulty of a rich man getting into heaven is to look at the disciples’ astonished response to his words. “Who then can be saved?” they cry in consternation. Why are they dismayed? Is it because they are rich? No, certainly not. They have left all to follow him. They are amazed because they understand the hidden meaning in the Lord’s words. They have been counting on being saved because they have renounced their possessions, but now they understand that until their souls are cleansed of passions they have no more hope than a rich man who clings to his possessions. Salvation is the privilege only of pure and passionless souls.

But the Lord replies, “What is impossible with men is possible with God.” No man can free himself from his passions and desires, but God conspires with willing souls. Peter shows himself willing by saying, “We have left all to follow you.” Here he cannot be boasting of leaving the few dollars worth of property he owned, but he means he has left the old mental possessions and diseases of the soul. By doing this he will be saved.

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Posted in Church History, Egypt, Theology

A Prayer for the Feast Day of Clement of Alexandria

O Lord, who didst call thy servant Clement of Alexandria from the errors of ancient philosophy that he might learn and teach the saving Gospel of Christ: Turn thy Church from the conceits of worldly wisdom and, by the Spirit of truth, guide it into all truth; through Jesus Christ our Lord, who liveth and reigneth with thee and the Holy Spirit, one God, for ever and ever.

Posted in Church History, Egypt, Spirituality/Prayer

A Prayer for the Day from Richard Baxter

Keep us, O Lord, while we tarry on this earth, in a serious seeking after thee, and in an affectionate walking with thee, every day of our lives; that when thou comest, we may be found not hiding our talent, nor serving the flesh, nor yet asleep with our lamp unfurnished, but waiting and longing for our Lord, our glorious God for ever and ever.

Posted in Advent, Spirituality/Prayer

From the Morning Scripture Readings

Therefore when we could bear it no longer, we were willing to be left behind at Athens alone, and we sent Timothy, our brother and God’s servant in the gospel of Christ, to establish you in your faith and to exhort you, that no one be moved by these afflictions. You yourselves know that this is to be our lot. For when we were with you, we told you beforehand that we were to suffer affliction; just as it has come to pass, and as you know. For this reason, when I could bear it no longer, I sent that I might know your faith, for fear that somehow the tempter had tempted you and that our labor would be in vain.

But now that Timothy has come to us from you, and has brought us the good news of your faith and love and reported that you always remember us kindly and long to see us, as we long to see you— for this reason, brethren, in all our distress and affliction we have been comforted about you through your faith; for now we live, if you stand fast in the Lord. For what thanksgiving can we render to God for you, for all the joy which we feel for your sake before our God, praying earnestly night and day that we may see you face to face and supply what is lacking in your faith?

–1 Thessalonians 3:1-10

Posted in Theology: Scripture