Daily Archives: October 15, 2025

(Church Times) Harvest festivals still plentiful in the Church of England

Harvest Festivals remain a mainstay of the Church of England calendar, but they are less commonly celebrated in denominations that have been expanding in recent years, research from the charity Green Christian suggests.

It held a representative survey of more than 600 regular churchgoers in Britain. This found that, while two-thirds of Anglican, Methodist, Roman Catholic, and Presbyterian churches continued to keep Harvest, just under one quarter of the respondents from New Churches, and fewer than half of those from Black Majority, Independent, and Pentecostal churches, normally held services.

Professor Tim Cooper, of Nottingham Trent University, who led the research, emphasised the importance of the festival to Christians. “Churchgoers of all backgrounds and traditions claim to care for God’s creation. But if we make choices in our food and farming practices that are not sustainable, we lack environmental integrity and dishonour the creation that God loves.”

This was also disrespectful to farmers, he suggested. “Harvest suppers are an ideal opportunity for churches to provide meals based on LOAF principles — using ingredients that are local, organic, animal-friendly and fairly traded — and thereby encourage Christians to put the principle of caring for God’s creation into daily practice.”

.

Posted in Church of England, Parish Ministry, Stewardship

(Bloomberg) Goldman Sees US Consumers Paying More Than Half of Trump Tariffs

Americans are set to pay more than half of President Donald Trump’s tariff costs as companies raise prices, according to economists of Goldman Sachs Group Inc.

US consumers will likely shoulder 55% of tariff costs by the end of the year, with American companies taking on 22%, the Goldman analysts wrote in an Oct. 12 research note to clients. Foreign exporters would absorb 18% of tariff costs by cutting prices for goods, while 5% would be evaded, they wrote.

For now “US businesses are likely bearing a larger share of the costs” as it takes time to raise prices, economists Elsie Peng and David Mericle wrote in the note. “If recently implemented and future tariffs have the same eventual impact on prices as the tariffs implemented earlier this year, then US consumers would eventually absorb 55% of tariff costs.”

Read it all.

Posted in * Economics, Politics, Consumer/consumer spending, Economy, Office of the President, President Donald Trump, Taxes, The U.S. Government

The world has become dangerously dependent on American stocks, writes the former IMF chief economist Gita Gopinath 

The American stockmarket has see-sawed lately amid a flare-up in trade tensions, but remains near its all-time high. The surge, fuelled by enthusiasm around artificial intelligence, has drawn comparisons to the exuberance of the late 1990s that culminated in the dotcom crash of 2000. Though technological innovation is undeniably reshaping industries and increasing productivity, there are good reasons to worry that the current rally may be setting the stage for another painful market correction. The consequences of such a crash, however, could be far more severe and global in scope than those felt a quarter of a century ago.

At the heart of this concern is the sheer scale of exposure, both domestic and international, to American equities. Over the past decade and a half, American households have significantly increased their holdings in the stockmarket, encouraged by strong returns and the dominance of American tech firms. Foreign investors, particularly from Europe, have for the same reasons poured capital into American stocks, while simultaneously benefiting from the dollar’s strength. This growing interconnectedness means that any sharp downturn in American markets will reverberate around the world.

To put the potential impact in perspective, I calculate that a market correction of the same magnitude as the dotcom crash could wipe out over $20trn in wealth for American households, equivalent to roughly 70% of American GDP in 2024. This is several times larger than the losses incurred during the crash of the early 2000s. The implications for consumption would be grave. Consumption growth is already weaker than it was preceding the dotcom crash. A shock of this magnitude could cut it by 3.5 percentage points, translating into a two-percentage-point hit to overall GDP growth, even before accounting for declines in investment.

Read it all.

Posted in America/U.S.A., Globalization, Stock Market

(PCN) The Church of England calls for a national conversation on AI and the future of work

The Church of England has called for a national conversation on artificial intelligence (AI) and its impact on the world of work. . 

A new edition of the Crucible journal, released this month, explored how automation and algorithms reshape jobs and identity.  

It follows a motion passed by the Church’s General Synod in February 2024, which acknowledged the effects of AI and the ‘fourth industrial revolution’. 

Read it all.

Posted in Anthropology, Church of England (CoE), Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Religion & Culture, Science & Technology, Theology

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, Spain, Spirituality/Prayer

A prayer for the day from Frank Colquhoun

Blessed Lord, who putteth down the mighty from their seat and exaltest those of low degree: Save us, we beseech thee, from pride and vainglory, from self-seeking and false ambition.  Give us a humble and contrite spirit, that we may think less of ourselves, more of others, and most of all of thee, who art our mighty God and Saviour; to whom with thee and the Holy Spirit we ascribe all praise and glory, now and for evermore.

Posted in Spirituality/Prayer

From the Morning Bible Readings

King Zedeki′ah sent Jehu′cal the son of Shelemi′ah, and Zephani′ah the priest, the son of Ma-asei′ah, to Jeremiah the prophet, saying, “Pray for us to the Lord our God.” Now Jeremiah was still going in and out among the people, for he had not yet been put in prison. The army of Pharaoh had come out of Egypt; and when the Chalde′ans who were besieging Jerusalem heard news of them, they withdrew from Jerusalem.

Then the word of the Lord came to Jeremiah the prophet: “Thus says the Lord, God of Israel: Thus shall you say to the king of Judah who sent you to me to inquire of me, ‘Behold, Pharaoh’s army which came to help you is about to return to Egypt, to its own land. And the Chalde′ans shall come back and fight against this city; they shall take it and burn it with fire. Thus says the Lord, Do not deceive yourselves, saying, “The Chalde′ans will surely stay away from us,” for they will not stay away. For even if you should defeat the whole army of Chalde′ans who are fighting against you, and there remained of them only wounded men, every man in his tent, they would rise up and burn this city with fire.’”
Jeremiah Is Imprisoned

Now when the Chalde′an army had withdrawn from Jerusalem at the approach of Pharaoh’s army, Jeremiah set out from Jerusalem to go to the land of Benjamin to receive his portion[a] there among the people. When he was at the Benjamin Gate, a sentry there named Iri′jah the son of Shelemi′ah, son of Hanani′ah, seized Jeremiah the prophet, saying, “You are deserting to the Chalde′ans.” And Jeremiah said, “It is false; I am not deserting to the Chalde′ans.” But Iri′jah would not listen to him, and seized Jeremiah and brought him to the princes. And the princes were enraged at Jeremiah, and they beat him and imprisoned him in the house of Jonathan the secretary, for it had been made a prison.

When Jeremiah had come to the dungeon cells, and remained there many days, King Zedeki′ah sent for him, and received him. The king questioned him secretly in his house, and said, “Is there any word from the Lord?” Jeremiah said, “There is.” Then he said, “You shall be delivered into the hand of the king of Babylon.” Jeremiah also said to King Zedeki′ah, “What wrong have I done to you or your servants or this people, that you have put me in prison? Where are your prophets who prophesied to you, saying, ‘The king of Babylon will not come against you and against this land’? Now hear, I pray you, O my lord the king: let my humble plea come before you, and do not send me back to the house of Jonathan the secretary, lest I die there.” So King Zedeki′ah gave orders, and they committed Jeremiah to the court of the guard; and a loaf of bread was given him daily from the bakers’ street, until all the bread of the city was gone. So Jeremiah remained in the court of the guard.

–Jeremiah 37:3-21

Posted in Theology: Scripture