Oil-related job cuts may start to slow: Energy firms announced plans to lay off 1,279 workers in March, down from 16,000 in February. But for oil patch states, other questions remain: the health of the service economy surrounding energy firms, the reliability of tax revenues, and so on.

Some of that uncertainty may be trickling through to the broader economy. Some 42% of all IBD/TIPP respondents still say the U.S. is in a recession in April, nearly six years after the economic recovery began.

Yet recent data has been fitful, making it hard to get a clear read on whether the economy is turning down or just taking a beating from temporary factors ”” the oil price plunge, severe winter weather, and the West Coast ports labor slowdown, for example.

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We have confirmation that Fort St. John is losing another landmark main street building.

The Reverend Enid Pow is the Rector of St. Martin’s Anglican Church, located on 100th Street, and she’s confirming the building has already been sold, and is also scheduled for demolition.

“We’ve come to a position where we’ve needed to sell the building because it required far too many repairs for us to be able to afford,” says Rector Pow. “So we’re looking for somewhere else in Fort St. John.”

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With a few short-lived and unsustainable exceptions, the story of the last 30 years appears to be one of constantly falling interest rates and disappointing growth. Central banks try to keep stimulating the economy, but investment demand never really seems to gather pace in response to their efforts. Instead, investment seems stagnant and unresponsive to policy during normal periods, but shoots up during events like the dotcom and real estate bubbles, which then burst and leave everyone worse off.

People have been puzzling over this pattern for decades, but it took a speech by Larry Summers to the IMF in 2013 to really crystallise the whole picture, and bring it into the public eye. Ever since, it’s been known by the term he gave the phenomenon: ”˜secular stagnation’. But he didn’t invent it. It was first coined by Alvin Hansen in the post-Depression 30s, when technological progress seemed to have ground to a halt.

The revival of the term could be misleading on a number of levels.

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It’s church time, close to 9 a.m. last Sunday.

Katherine Milligan, 66, walks through the central hallway of the Presbyterian Church of Stanley, feeling more uncomfortable, more spurned and more angry than she has in all her 33 years attending this Overland Park church.

“I’m too old. I don’t care what people think,” the Olathe woman said later, defiant in the battle she has joined. “No one is going to tell me I can’t worship in my sanctuary.”

Yet in late April a trial scheduled in Johnson County District Court will effectively determine exactly that. Judge Kevin Moriarty will hear arguments on who owns this $4.4 million house of God, a white modernist building erected in 1978 on a grassy rise at 148th Street and Antioch Road.

For six months, two factions of the church have been embroiled in what both sides agree has been an ugly and hurtful conflict.

Read more here: http://www.kansascity.com/living/religion/article14448485.html#storylink=cpy

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The Bishop of Rochester has addressed more than 2,000 people at a rally pressing for all political parties to commit themselves to a long term plan for ending the housing crisis.

The Rt Rev James Langstaff, who is chair of Housing Justice, the national voice of the churches on housing and homelessness, told the Homes for Britain event in central London that ensuring decent and secure housing in the right place and at an affordable cost is one of the most important issues for our society.

Read the whole address there.

Rarely have investors lavished so much attention on a single word. After a two-day meeting, the Federal Reserve dropped the word “patient” from its monetary-policy statement. Why the fuss over this single word?

“Patient”, in Fed-speak, indicates that it will hold off increasing interest rates for at least two meetings. Now the word has been ditched, at subsequent meetings (most probably in June) we could see rates move off from rock-bottom for the first time since 2008.

The last rate-tightening cycle began over a decade ago. The Fed feels comfortable, it seems, with raising interest rates now that unemployment has moved towards 5.5%. The latest forecasts from the Fed show that it expects the economy to expand by 2.3%-2.7%, a slight fall from the projections in December but still one of the strongest in the OECD, a club of mostly rich countries.

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It is somewhat rare today that the church can gather an overflow crowd but the Anglican Diocese of Niagara has succeeded in doing that ”” unfortunately for all the wrong reasons.

The crowd that gathered were neighbours of Saint Matthias Anglican Church (at the corner of Edinburgh and Kortright roads) concerned that the Anglican Diocese is planning to sell the church and land to a developer who will build 81 units of rental housing geared to students.

It is understandable why the neighbourhood would be concerned. But I would suggest that it should be of concern for all of us in the rest of the city as well. In the whole south end of Guelph, there are only two church buildings ”” the Salvation Army and Saint Matthias.

Regardless of what you think of churches, these are often the only free or low-rent spaces available for community groups such as scouts, guides, AA, moms and tots groups or places where people can gather in times of celebration or mourning. And while it is true that many churches could do a better job connecting with their community, the Saint Matthias Church community has always had an open and welcoming presence in their neighbourhood. Unfortunately, they themselves now have no say in the matter.

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The church near the corner of Peace and Blount streets looks as though it could have been there for centuries, with its peaked roof and mottled brick walls ”“ except for the insulating wrap that still sheaths half its exterior.

It’s the first new church building to be built in downtown Raleigh for half a century.

“We wanted to build a transcendent space,” said the Rev. John Yates III, his breath hanging beneath the arching steel bones of the sanctuary. To his left, a construction worker rode an accordion lift to finish the details of a window that reached toward the 60-foot ceiling.

Holy Trinity Anglican Church formed about a decade ago, splitting off from the national Episcopal church alongside scores of other groups.

Read it all from the News and Observer..

hina’s economy is slowing. Brazil is struggling as commodity prices plunge. Russia, facing Western sanctions and weak oil revenue, is headed into a recession.

As other big developing markets stumble, India is emerging as one of the few hopes for global growth.

The stock market and rupee are surging. Multinational companies are looking to expand their Indian operations or start new ones. The growth in India’s economy, long a laggard, just matched China’s pace in recent months.

India is riding high on the early success of Prime Minister Narendra Modi and a raft of new business-friendly policies instituted in his first eight months.

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…there is no painless way to cut a shrinking pie. When churches age, fade and die, someone gets the assets.

I am not arguing that the Sun team needed to add a dozen inches or more to this story to get into a deep discussion ”“ yes, demographics and doctrine often mix ”“ about why so many of these oldline church pies are shrinking and facing the demographic reaper.

But, in this case, readers certainly needed to know a bit about the statistical health and finances of the local diocese, since those facts are directly linked to claims made by the angry parishioners about why their beloved little church ”“ with its nice views of the water ”“ is being sold out from under them.

It’s that old journalism saying: Follow the money.

So how is the Episcopal Diocese of Maryland doing, in terms of finances, converts, babies and demographics? How many other little churches are threatened and how much might the church leaders make by selling some of them? This are fair questions during hard times. Sun editors needed to push their reporters to ask them.

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Christ Church Anglican will end its three-year worship arrangement with Independent Presbyterian Church on Sunday before moving to its own church at a new site on Feb. 1.

The congregation, which left historic Christ Church on Johnson Square in 2011, has gathered to worship at the 207 Bull St. facility since. The congregation will leave the Bull Street site at 10:45 a.m. Sunday and proceed to its new location at Bull and 37th streets.

The first services there will be at 8 a.m. and 10:30 a.m. Feb 1, said the Rev. Marc Robertson, senior pastor.

The church’s new home is in the newly renovated 100-year-old church building that was originally home to Hull Presbyterian Church. It most recently was owned by the Christian Revival and Restoration Center.

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A handful of other congregations, including All Saints Anglican Church in Charlotte, NC, Holy Trinity Anglican Church in Raleigh, NC and Saint John’s Anglican Church of Americus, GA have also announced building plans. This summer All Saints’ Anglican Church in Springfield, MO and All Saints’ Anglican Church in Peachtree City, GA, completed and consecrated new church buildings.

The churches range from a modest colonial-revival brick building in the case of Restoration to a 30,000-square-foot gothic structure built for the congregation of St. Peter’s.

In addition to making the churches more visible in their communities and accommodating growth in the size of congregations, the new structures are allowing for new programs and events. St. Peter’s is partnering with Trinity School for Ministry to offer theological education far from the seminary’s Ambridge, Pennsylvania campus. Other congregations plan to use their news space for conferences, or to begin hosting programs such as Vacation Bible School which were impractical or not possible in leased spaces.

“Our new church is just the beginning of what we hope to build,” explained Fr. Andrew Rowell, associate rector of St. Peter’s Anglican Church.

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The expansion of congregations suggests that the drop in religious affiliation is not as dramatic as it seems, and that a stealthy revival might even be coming. The growth may not yet offset disaffiliation, but it is part of the American religious pattern. Early colonists included the highly religious Puritans. But their children and grandchildren strayed, even forcing churches to loosen qualifications if they were to keep members.

In the century that followed, Methodists and Baptists began spreading Christianity largely through small groups, or “bands,” as the Methodists called them. They used nontraditional gathering places, including open fields, to bring their message to the masses. By 1850, 34% of Americans were church members, and by 1900 half were, according to Mr. Stark. By the early 1990s, nearly two-thirds of Americans were members of a congregation.

Fewer new churches these days are going up with drywall and spackling, but members are probably still stacking chairs and warming coffee on Sunday morning.

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Oregon holds on to its title as “Top Moving Destination” and continues to pull away from the pack, while the Northeast loses residents for the third consecutive year.

Those are the key findings from United Van Lines’ 38th Annual National Movers Study, which tracks customers’ migration patterns state-to-state during the course of the past year. The study found that Oregon is the top moving destination of 2014, with 66 percent of moves to and from the state being inbound ”” that’s a nearly 5 percent increase of inbound moves compared to 2013. Arriving at No. 2 on the list was South Carolina (61 percent inbound), followed closely in third by its northern neighbor, North Carolina (61 percent).

The District of Columbia, which held the top spot on the inbound list from 2008 to 2012 and ranked fourth last year, fell to No. 7 this year with 57 percent inbound moves. New additions to the 2014 top inbound list include Vermont (59 percent), Oklahoma (57 percent) and Idaho (56 percent).

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Hello, 2015.

We now are in the sixth year of economic recovery since the end of the “Great Recession” in mid-2009, says the National Bureau of Economic Research, a group of academic economists that dates business cycles. But, if upbeat economic forecasts come true, this could be the first year that feels like a recovery. There would be huge implications. It would soothe Americans’ bruised sense of self-worth and alter popular psychology for the 2016 elections.

It has been a slog. Below, you’ll find some economic indicators comparing where we are now with the peaks of the last economic expansion, which ended in the fourth quarter of 2007. Generally, the numbers aren’t impressive. At best, they show modest gains from those previous peaks.

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The economic recovery is real, and even though it’s not spectacular, it’s getting there.

The good news is that the economy grew at a 5 percent annual pace in the third quarter this year, revised up from the 3.9 percent that the Commerce Department had previously estimated. It’s the best quarterly growth since 2003, and, on the heels of the 4.6 percent growth in the second quarter, it’s also the best six months the economy has had in that long. The even better news, though, is that this growth, unlike every other uptick the past few years, looks sustainable.

This isn’t a blip. It’s a boom.

Well, at least by the sad standards of this slow and steady recovery. The truth is that for all the hype and headlines about every little head fake, the economy has just been chugging along at the same 2 percent pace the past few years.

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Students and professors at Clemson University have designed a home where they say a family of four can live comfortably in the South using local materials and having almost no impact on the environment.

The home is called Indigo Pine, taking its name from two things South Carolina has in abundance: pine trees and the blue dye from the indigo plant.

More than 100 students and professors are helping design and build the home that the university will enter as part of the U.S. Department of Energy’s Solar Decathlon 2015. Sixteen other schools also are participating.

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The Methodist Church Hong Kong redeveloped another site in Wan Chai into a high-rise building in 1998 with New World Development, the builder controlled by the family of Cheng Yu-tung, according to the developer’s annual report. The church currently uses some of the floors, while the rest is leased out by New World.

The Anglican Church plans to build two towers of 18 floors and 11 floors as part of a redevelopment near Lan Kwai Fong. The land currently has historic buildings, including the 166-year-old bishop’s house and a church that was used by Japanese soldiers during the second world war as a training school.

In the deal reached and approved by the government in 2011, the Anglican Church will preserve the heritage buildings at its own cost. The two new towers will be used for facilities including a church, kindergarten and a medical centre, according to a June 2011 government document.

A representative of the church was unavailable for comment on the development.

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Anglican worshippers are saying good-bye to their churches in the Sudbury area.

Long-time St.James parishioner Lori Cameron says the congregation has dwindled to 25 and can’t afford to maintain the Paris Street building.

The last service will be held Dec. 7. After that, they have tentative plans to rent a storefront in a mall.

Another church, St. Mark’s in Garson, was just put on the market and the worshippers are now populating other congregations.

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The Internet is moving to a shopping center near you.

In Fort Wayne, Ind., a vacated Target store is about to be home to rows of computer servers, network routers and Ethernet cables courtesy of a local data-center operator. In Jackson, Miss., a former McRae’s department store will get the same treatment next year. And one quadrant of the Marley Station Mall south of Baltimore is already occupied by a data-center company that last year offered to buy out the rest of the building.

As America’s retailers struggle to keep up with online shopping, the Internet is starting to settle into some of the very spaces where brick-and-mortar customers used to shop. The shift brings welcome tenants to some abandoned stretches of the suburban landscape, though it doesn’t replace all the jobs and sales-tax revenue that local communities lost when stores left the building.

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For the American and British economies it has been a long road out of the woods, but the journey is nearing its end. America’s unemployment rate fell below 6% in September. Britain’s economy, where output was up 3.2% in the year to June, is growing faster than any other big rich country’s. Central bankers are counting the days until they can raise interest rates.

Virtually everywhere else, however, the news is grim and getting grimmer. The euro zone, the world’s second-biggest economic area, seems to be falling from a feeble recovery back into outright recession as Germany hits the skids. Shockingly weak industrial production and export figures mean Germany’s GDP is likely to shrink for the second consecutive quarter””a popular definition of recession. Japan, the world’s third-biggest economy, may also be on the edge of a downturn, because April’s rise in the consumption tax is hurting spending more than expected. Russia’s and Brazil’s economies are stagnant, at best. Even in China, still growing at a suspiciously smooth 7.5% a year, there are worries about a property bust, a credit bubble and a fall in productivity

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American banks are loading up on U.S. government debt, a sign they remain cautious on the economy even with the jobless rate at a six-year low and corporations at their healthiest in a generation.

Commercial lenders increased their holdings of Treasuries (BUSY) and debt from federal agencies in September by $54 billion to an unprecedented $1.99 trillion, data from the Federal Reserve show. Banks have now been net buyers for 12 straight months.

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The “squeezed middle” is being forced to endure a lower standard of living more than a decade on from the credit crunch, keeping consumer spending growth below pre-crisis levels.

The EY Item Club predicts that real take-home pay in 2017 will still be below the rate in 2007 because of subdued wage growth.

The economic forecaster’s report will make for uneasy reading for George Osborne as he prepares to address the Conservative party conference today, and it is compounded by further evidence from a free market think-tank of the existence of a “cost of living crisis”.

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The growing trend of former church buildings being turned into mosques and Islamic centers has reached Kentucky’s largest city where even some once-thriving Southern Baptist facilities are now occupied by Muslims.

“On a trip to England a few years ago, I recall seeing dozens of churches that had become mosques and wondering how it could happen there; now it’s happening here,” said Paul Chitwood, executive director of the Kentucky Baptist Convention.

Todd Robertson, pastor of Antioch Baptist Church in Louisville, said the religious makeup of the Bible Belt is rapidly changing with declining membership in many Christian congregations and growing participation in Islam and other religions.

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The Federal Reserve took two steps toward winding down the historic easy-money policies that have defined its response to the financial crisis, but stopped short of the move markets are awaiting most: signaling when interest rates will start to rise.

With the economy gradually improving, U.S. central-bank officials plan to end the bond-buying program known as quantitative easing after October, hoping to finally stop expanding a six-year experiment in monetary policy that has left the Fed holding more than $4 trillion of Treasury and mortgage bonds.

The Fed on Wednesday also detailed a new technical plan for how it will raise short-term interest rates, something most officials currently don’t intend to do until next year. The central bank has kept the federal-funds rate near zero since December 2008 and offered assurances along the way about rates remaining low, another part of its varied efforts to boost the post-financial-crisis economy.

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If the nation’s economy is on the mend, the voters of 2014 aren’t feeling it.

Despite continued signs of a halting but persistent national comeback, midterm voters remain frustrated and unhappy with the state of the economy, according to the latest POLITICO poll of likely voters in 2014 battleground states. Many appear to blame President Barack Obama: 57 percent of these voters disapprove of his economic leadership.

By every measure in the survey, a gloomy mood still pervades the electorate when it comes to kitchen-table issues: Just 23 percent say their personal financial situation has improved over the past year, versus 30 percent who say it has gotten worse.

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Even in death, you can’t escape the property bubble.

From New York to London, growing populations are competing with the deceased for land, driving up real-estate costs well into the afterlife. In Asian megacities, where cremation is the norm, even space for urns is in short supply.

“At the end of the day, it’s like any other piece of real estate,” says Amy Cunningham, a New York state licensed funeral director. “Prices have conspired to put burials out of the range of most people’s budgets.”

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St. John’s Church is changing ”“ again. After services ended several years ago at the Episcopalian church on the Union City/North Bergen border, a group of local residents and former congregants repurposed the space to hold community functions and kids’ classes. Now a large part of the church is being sold to a developer to be turned into low-income housing for a special needs population.

On Monday, July 28 the Zoning Board of Adjustment of the City of Union City held a special public meeting at which they approved the application by Garden State Episcopal Community Development Association Corporation (GSECDC) to purchase all of the church property except the rectory and sanctuary, and build 13 condominium units within the space….

At the Zoning Board meeting and a community meeting with the developers one week earlier, residents raised concerns about whether the programs previously held within the church space will be allowed to continue. The answer to that question is still up in the air.

Read more: Hudson Reporter – Historic church to become special needs housing Questions asked about community programs who gets priority for units

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t’s not exactly “The Golden Girls,” but for Marcia Rosenfeld, it’ll do.

Rosenfeld is among thousands of aging Americans taking part in home-sharing programs around the country that allow seniors to stay in their homes and save money while getting some much-needed companionship.

“It’s a wonderful arrangement,” said the white-haired Rosenfeld, who when asked her age will only say she’s a senior citizen. “The way the rents are these days, I couldn’t stay here without it.”

She shares her two-bedroom, $1,000-a-month Brooklyn apartment with Carolyn Allen, a 69-year-old widow who has suffered two strokes and no longer wants to live alone.

Agencies that put such seniors together say the need appears to be growing as baby boomers age and struggle to deal with foreclosures, property taxes and rising rents. The typical situation involves an elderly woman, widowed or divorced, who has a house or an apartment with extra room and needs help with the upkeep.

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