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(Bloomberg) T. Rowe Raises Prospect of 6% Treasury Yields on Fiscal Risk

Treasury 10-year yields may climb to 6% for the first time in more than two decades as US fiscal woes worsen and Donald Trump’s policies help keep inflation elevated, according to T. Rowe Price.

The benchmark yield may first reach 5% in the first quarter of 2025 before potentially climbing further, Arif Husain, chief investment officer of fixed-income, wrote in a report. Husain is doubling down on calls for higher yields, citing persistent US budget deficits as Trump cuts taxes during his second presidency, as well as potential tariffs and immigration policies that would sustain price pressures.

“Is a 6% 10‑year Treasury yield possible? Why not? But we can consider that when we move through 5%,” wrote Husain, who helps the money manager oversee $187 billion. “The transition period in US politics is an opportunity to position for increasing longer‑term Treasury yields and a steeper yield curve.”

Read it all (registration or subscription).

Posted in * Economics, Politics, Budget, Credit Markets, Economy, The National Deficit, The U.S. Government

(Gallup) The Sharp decline in American’s confidence in the judiciary is among the largest Gallup has ever measured

Americans’ confidence in their nation’s judicial system and courts dropped to a record-low 35% in 2024.

The result further sets the U.S. apart from other wealthy nations, where a majority, on average, still expresses trust in an institution that relies largely on the public’s confidence to protect its authority and independence.

Between 2006 and 2020, Americans’ perceptions of their courts were most often in line with the median for OECD (Organisation for Economic Co-operation and Development) countries, with a majority in each typically expressing confidence.

Since 2020, confidence in the courts across the other OECD countries has been stable, while the U.S. has seen a sharp decline — 24 percentage points — in the past four years. The resulting 20-point gap in confidence between the U.S. and the median of OECD nations in 2024 is the largest in the Gallup trend, which dates to 2006.

Read it all.

Posted in * Culture-Watch, America/U.S.A., Law & Legal Issues

A Prayer for the day from Daily Prayer

O Lord our God, in whose hands is the issue of all things, and who requirest from thy stewards not success but faithfulness: Give us such faith in thee and in thy sure purposes, that we measure not our lives by what we have done or failed to do, but by our obedience to thy holy will; through Jesus Christ our Lord.

Daily Prayer, Eric Milner-White and G. W. Briggs, eds. (London: Penguin Books 1959 edition of the 1941 original)

Posted in Advent, Spirituality/Prayer

From the Morning Bible Readings

The beginning of the gospel of Jesus Christ, the Son of God.

As it is written in Isaiah the prophet,

“Behold, I send my messenger before thy face,
who shall prepare thy way;
the voice of one crying in the wilderness:
Prepare the way of the Lord,
make his paths straight”
John the baptizer appeared in the wilderness, preaching a baptism of repentance for the forgiveness of sins. And there went out to him all the country of Judea, and all the people of Jerusalem; and they were baptized by him in the river Jordan, confessing their sins. Now John was clothed with camel’s hair, and had a leather girdle around his waist, and ate locusts and wild honey. And he preached, saying, “After me comes he who is mightier than I, the thong of whose sandals I am not worthy to stoop down and untie. I have baptized you with water; but he will baptize you with the Holy Spirit.”

–Mark 1:1-8

Posted in Theology: Scripture

Still More Dorothy Sayers, this time on Hell

‘There seems to be a kind of conspiracy, especially among middle-aged writers of vaguely liberal tendency, to forget, or to conceal, where the doctrine of Hell comes from. One finds frequent references to the “cruel and abominable mediaeval doctrine of hell,” or “the childish and grotesque medieval imagery of physical fire and worms.”…But the case is quite otherwise; let us face the facts. The doctrine of hell is not ” medieval”: it is Christ’s. It is not a device of “mediaeval priestcraft” for frightening people into giving money to the church: it is Christ’s deliberate judgment on sin. The imagery of the undying worm and the unquenchable fire derives, not from “mediaeval superstition,” but originally from the Prophet Isaiah, and it was Christ who emphatically used it. . . . It confronts us in the oldest and least “edited” of the gospels: it is explicit in many of the most familiar parables and implicit in many more: it bulks far larger in the teaching than one realizes, until one reads the Evangelists [gospels] through instead of picking out the most comfortable texts: one cannot get rid of it without tearing the New Testament to tatters. We cannot repudiate Hell without altogether repudiating Christ.‘ 

–Dorothy Leigh Sayers, Introductory Papers on Dante (Harper: London, 1954), pp. 44-45

Posted in Christology, Church History, Eschatology, Theology, Theology: Scripture

More Dorothy Sayers on Her Feast Day–The Creed of St. Euthanasia

I believe in man,
maker of himself
and inventor of all science.
And in myself, his manifestation,
and captain of my psyche;
and that I should not suffer anything painful or unpleasant.
And in a vague, evolving deity,
the future-begotten child of man;
conceived by the spirit of progress,
born of emergent variants;
who shall kick down the ladder by which he rose
and tell history to go to hell.
Who shall some day take off from earth
and be jet-propelled into the heavens;
and sit exalted above all worlds,
man the master almighty.
And I believe in the spirit of progress,
who spake by Shaw and the Fabians;
and in a modern, administrative, ethical, and social organization;
in the isolation of saints,
the treatment of complexes,
joy through health,
and destruction of the body by cremation
(with music while it burns),
and then I’ve had it.

–Dorothy Sayers, Christian Letters to a Post-Christian World: A Selection of Essays (Grand Rapids: Eerdmans, Trade Paperback edition 1969)

Posted in Apologetics, Church History, Theology

Dorothy Sayers on her Feast Day–Why Work?

I have already, on a previous occasion, spoken at some length on the subject of Work and Vocation. What I urged then was a thoroughgoing revolution in our whole attitude to work. I asked that it should be looked upon, not as a necessary drudgery to be undergone for the purpose of making money, but as a way of life in which the nature of man should find its proper exercise and delight and so fulfill itself to the glory of God. That it should, in fact, be thought of as a creative activity undertaken for the love of the work itself; and that man, made in God’s image, should make things, as God makes them, for the sake of doing well a thing that is well worth doing.

It may well seem to you – as it does to some of my acquaintances – that I have a sort of obsession about this business of the right attitude to work. But I do insist upon it, because it seems to me that what becomes of civilization after this war is going to depend enormously on our being able to effect this revolution in our ideas about work. Unless we do change our whole way of thought about work, I do not think we shall ever escape from the appalling squirrel cage of economic confusion in which we have been madly turning for the last three centuries or so, the cage in which we landed ourselves by acquiescing in a social system based upon Envy and Avarice.

A society in which consumption has to be artificially stimulated in order to keep production going is a society founded on trash and waste, and such a society is a house built upon sand….

Read it all.

Posted in Anthropology, Church History, Labor/Labor Unions/Labor Market, Theology

Dorothy Sayers on the Incarnation for Her Feast Day

“[Jesus of Nazareth] was not a kind of demon pretending to be human; he was in every respect a genuine living man. He was not merely a man so good as to be ‘like God’—he was God.

“Now, this is not just a pious commonplace: it is not a commonplace at all. For what it means is this, among other things: that for whatever reason God chose to make man as he is—limited and suffering and subject to sorrows and death—he [God] had the honesty and courage to take his own medicine. Whatever game he is playing with his creation, he has kept his own rules and played fair. He can exact nothing from man that he has not exacted from himself. He has himself gone through the whole of human experience, from the trivial irritations of family life and the cramping restrictions of hard work and lack of money to the worst horrors of pain and humiliation, defeat, despair, and death. When he was a man, he played the man. He was born in poverty and died in disgrace and thought it well worthwhile.”

Creed or Chaos? (New York: Harcourt, Brace and Company, 1949), page 4 (with special thanks to blog reader and friend WW)

Posted in Church History, Theology: Scripture

A Prayer for the Feast Day of Dorothy Sayers

Incarnate God, who didst grant the grace of eloquence unto thy servant Dorothy to defend thy truth unto a distressed church, and to proclaim the importance of Christian principles for the world; grant unto us thy same grace that, aided by her prayers and example, we too may have the passionate conviction to teach right doctrine and to teach doctrine rightly; We ask this in thy name, who livest and reignest with the Father, in the unity of the Holy Ghost, one God, for ever and ever.

Posted in Church History, Spirituality/Prayer

A Prayer for the day from A New Prayer Book

O God, who didst send thy messengers and prophets to prepare the way of thy Son before him: Grant that our Lord when he cometh may find in us a dwelling prepared for himself; through the same Jesus Christ our Lord, who came to take our nature upon him that he might bring many sons unto glory, and now with thee and the Holy Spirit liveth and reigneth, ever one God, world without end.

–A New Prayer Book (London: Oxford University Press 1923)

Posted in Advent, Spirituality/Prayer

From the Morning Bible Readings

But there will be no gloom for her that was in anguish. In the former time he brought into contempt the land of Zebulun and the land of Naphtali, but in the latter time he will make glorious the way of the sea, the land beyond the Jordan, Galilee of the nations.

The people who walked in darkness
have seen a great light;
those who dwelt in a land of deep darkness,
on them has light shined.
Thou hast multiplied the nation,
thou hast increased its joy;
they rejoice before thee
as with joy at the harvest,
as men rejoice when they divide the spoil.
For the yoke of his burden,
and the staff for his shoulder,
the rod of his oppressor,
thou hast broken as on the day of Mid”²ian.
For every boot of the tramping warrior in battle tumult
and every garment rolled in blood
will be burned as fuel for the fire.
For to us a child is born,
to us a son is given;
and the government will be upon his shoulder,
and his name will be called
“Wonderful Counselor, Mighty God,
Everlasting Father, Prince of Peace.”
Of the increase of his government and of peace
there will be no end,
upon the throne of David, and over his kingdom,
to establish it, and to uphold it
with justice and with righteousness
from this time forth and for evermore.
The zeal of the Lord of hosts will do this.

–Isaiah 9:1-7

Posted in Theology: Scripture

Two ACNA Parished in Portland, Oregon and Portland, Maine receive the Blessing of Buildings and Property

Katherine Lee Bates’ poem, “America The Beautiful,” is best known for being set to music and popularly performed at public sporting events in the United States. In it, she celebrates the grandeur of American geography and resources: “And crownthy good with brotherhood / From sea to shining sea.”


Two church parishes in the Anglican Church in North America, located in port cities on opposite coasts, richly blessed with the bounty of natural resources like salmon and lobster, have received unexpected blessings this past year in the form of church buildings and property.


Anglican churches in Portland, Oregon and Portland, Maine, 3200 miles apart on each coast of the United States, have both received, in the same year, church buildings and property of significant value! Of course, the physical properties God has blessed these two parishes with are the fruits of God at work
in unexpected ways in their respective communities.

Read it all (page 10 ff.).

Posted in Anglican Church in North America (ACNA), Evangelism and Church Growth, Housing/Real Estate Market, Parish Ministry, Stewardship

(BBC) ‘Thankless job’ – why trainee Kenyan doctors are taking their own lives

A sombre mood engulfed a village in Kenya’s Rift Valley last week as dozens of medical interns joined other mourners at the burial of their colleague who had taken his own life.

Speaker after speaker lamented the loss of Francis Njuki, a 29-year-old trainee pharmacist, whose family told the BBC about his feelings of exhaustion and frustration over the non-payment of his salary by the government since he started working as an intern in August.

He is the fifth medic to kill themselves in Kenya in the last two months because of “work-stress hardships and lack of responsive insurance cover”, according to Dr Davji Atellah, the secretary of the Kenya Medical Practitioners and Dentists Union (KMPDU) – adding it was not something the union had ever recorded before.

There had also been five attempted suicides by KMPDU members this year, the medical body said.

Read it all.

Posted in Health & Medicine, Kenya

(Economist) Ukrainian troops celebrate a grim Christmas in Kursk

The Newspaper round in Velyka Pysarivka can be sketchy. Barely 3km from the Russian border, the village is stalked by death. Oleskiy and Natalia Pasyuga, the husband-and-wife duo behind the Vorskla (the weekly takes its name from the local river) have a survival algorithm. Oleksiy, 56, drives. Natalia, 53, listens out of the passenger window for the drones that grow stealthier with every day. They say they are careful, though they know they are kidding themselves. Delivering the paper to the last remaining residents of the village is not a rational exercise, but a love affair. The tears of subscribers make it worth it, Ms Pasyuga says: “They grab the paper and hold it to their nose to smell the fresh newsprint.”

For its 2,500 readers, the Vorskla is more than a news source; it is a connection to the outside world. Most of Ukraine’s border villages now have no electricity or mobile connection. When televisions work, they pick up Russian channels. The Pasyugas say they feel obliged to stay to debunk the propaganda, though they evacuated their offices from Velyka Pysarivka in March after a glide bomb smashed their car and half the building. Six months later the Russians destroyed the other half, during attacks that coincided with Ukraine’s advance into Russia’s Kursk province just to the north. Now the Vorskla is put together in a library in the nearby town of Okhtyrka. It is printed and hand delivered to front-line villages in a car the couple borrow from their son.

When your correspondent calls, the Pasyugas are preparing a special Christmas issue. They already know what they want: uplifting stories to raise the morale of their weary readers. For once, there will be no obituaries of the local boys lost in battle. The Kursk offensive will be left out too, though that is less unusual. The Pasyugas say they know “too much” to accept the official celebration of the offensive as “Ukraine’s great and only triumph of 2024”. They choose silence instead.

Read it all.

Posted in Media, Military / Armed Forces, Russia, Ukraine

Prayers for the Anglican Diocese of South Carolina this week

Posted in * Anglican - Episcopal, * South Carolina, Parish Ministry, Spirituality/Prayer

A Prayer for the Feast Day of Ralph Adams Cram, John LaFarge and Richard Upjohn

Gracious God, we offer thanks for the vision of Ralph Adams Cram, John LaFarge and Richard Upjohn, whose harmonious revival of the Gothic enriched our churches with a sacramental understanding of reality in the face of secular materialism; and we pray that we may honor thy gifts of the beauty of holiness given through them, for the glory of Jesus Christ; who livest and reignest with thee and the Holy Spirit, one God, in glory everlasting. Amen.

Posted in Architecture, Church History, Spirituality/Prayer

A Prayer the day from the Scottish Prayerbook

O Lord Jesus Christ, before whose judgment-seat we must all appear and give account of the things done in the body: Grant, we beseech thee, that when the books are opened in that day, the faces of thy servants may not be ashamed; through thy merits, O blessed Saviour, who livest and reignest with the Father and the Holy Spirit, one God, world without end.

Posted in Advent, Spirituality/Prayer

From the Morning Bible Readings

Simeon Peter, a servant and apostle of Jesus Christ,

To those who have obtained a faith of equal standing with ours in the righteousness of our God and Savior Jesus Christ:

May grace and peace be multiplied to you in the knowledge of God and of Jesus our Lord.

His divine power has granted to us all things that pertain to life and godliness, through the knowledge of him who called us to his own glory and excellence, by which he has granted to us his precious and very great promises, that through these you may escape from the corruption that is in the world because of passion, and become partakers of the divine nature.

For this very reason make every effort to supplement your faith with virtue, and virtue with knowledge, and knowledge with self-control, and self-control with steadfastness, and steadfastness with godliness, and godliness with brotherly affection, and brotherly affection with love. For if these things are yours and abound, they keep you from being ineffective or unfruitful in the knowledge of our Lord Jesus Christ. For whoever lacks these things is blind and shortsighted and has forgotten that he was cleansed from his old sins. Therefore, brethren, be the more zealous to confirm your call and election, for if you do this you will never fall; so there will be richly provided for you an entrance into the eternal kingdom of our Lord and Savior Jesus Christ.

–2 Peter 1:1-11

Posted in Theology: Scripture

Music for Advent–Palestrina, I look from afar

Lyrics: I look from afar: and lo, I see the power of God coming, and a cloud covering the whole earth. Go ye out to meet him and say: Tell us, art thou he that should come to reign over thy people Israel? High and low, rich and poor, one with another. Hear, O thou shepherd of Israel, thou that leadest Joseph like a sheep. Stir up thy strength, O Lord, and come. Glory be to the Father, and to the Son, and to the Holy Ghost.

Posted in Advent, Liturgy, Music, Worship

A Prayer the day from The ACNA Prayerbook

O Lord Jesus Christ, you sent your messengers the prophets to preach repentance and prepare the way for our salvation: Grant that the ministers and stewards of your mysteries may likewise make ready your way, by turning the hearts of the disobedient toward the wisdom of the just, that at your second coming to judge the world, we may be found a people acceptable in your sight; for with the Father and the Holy Spirit you live and reign, one God, now and for ever.  Amen.

Posted in Advent, Spirituality/Prayer

From the Morning Bible Readings

For you have not come to what may be touched, a blazing fire, and darkness, and gloom, and a tempest, and the sound of a trumpet, and a voice whose words made the hearers entreat that no further messages be spoken to them. For they could not endure the order that was given, “If even a beast touches the mountain, it shall be stoned.” Indeed, so terrifying was the sight that Moses said, “I tremble with fear.” But you have come to Mount Zion and to the city of the living God, the heavenly Jerusalem, and to innumerable angels in festal gathering, and to the assembly of the first-born who are enrolled in heaven, and to a judge who is God of all, and to the spirits of just men made perfect, and to Jesus, the mediator of a new covenant, and to the sprinkled blood that speaks more graciously than the blood of Abel. See that you do not refuse him who is speaking. For if they did not escape when they refused him who warned them on earth, much less shall we escape if we reject him who warns from heaven. His voice then shook the earth; but now he has promised, “Yet once more I will shake not only the earth but also the heaven.” This phrase, “Yet once more,” indicates the removal of what is shaken, as of what has been made, in order that what cannot be shaken may remain. Therefore let us be grateful for receiving a kingdom that cannot be shaken, and thus let us offer to God acceptable worship, with reverence and awe; for our God is a consuming fire.

–Hebrews 12:18-29

Posted in Theology: Scripture

A Prayer for the Feast Day of John of the Cross

Judge eternal, throned in splendor, who gavest Juan de la Cruz strength of purpose and mystical faith that sustained him even through the dark night of the soul: Shed thy light on all who love thee, in unity with Jesus Christ our Savior; who with thee and the Holy Spirit livest and reignest, one God, for ever and ever. Amen.

Posted in Church History, Spirituality/Prayer

A Prayer the day from Richard Acland

Grant, O Lord, that we who once again prepare for the commemoration of the coming of thy Son, our Saviour Jesus Christ, may so direct our hearts to the fulfillment of thy law, that he may now accept our hosannas, and in the life to come receive us in the heavenly Sion; where with thee and the Holy Ghost he liveth and reigneth, ever one God, world without end.

Posted in Advent, Spirituality/Prayer

From the Morning Bible Readings

I will extol thee, O Lord, for thou hast drawn me up,
    and hast not let my foes rejoice over me.
 O Lord my God, I cried to thee for help,
    and thou hast healed me.
 O Lord, thou hast brought up my soul from Sheol,
    restored me to life from among those gone down to the Pit.

–Psalm 30:1-3

Posted in Theology: Scripture

([London] Times) Next Archbishop of Canterbury ‘must break up the old boys’ club’

“I know there are other bishops who felt the Archbishop of Canterbury should resign because I spoke to them in the days before,” [Bishop Helen-Ann] Hartley, 51, says. “So when I made the initial call, I fully expected one or two colleagues to come out and say, ‘we agree with the Bishop of Newcastle’. When, instead, there was this wall of silence, I was pretty exposed and did feel frozen out.

“I had a few private contacts, ‘hope you’re OK’, ‘just let me know if you want a cup of tea’, ‘thoughts and prayers’ but I really wanted colleagues — some colleagues at least — to speak out publicly to support my interventions.”

Confident, engaging and thoughtful, with a ready smile, Hartley confesses to feeling “a degree of vulnerability” after recent events. So much so that, in London this week to attend the House of Lords, she has been avoiding the Bishops’ robing room.

“I don’t feel able to go into the Bishops’ robing room at the moment on my own. You might say that’s an overreaction but I don’t feel confident enough to go into that room with colleagues present. So I’ve asked for my robes to be moved. And I’m really sad that’s the case but I have to look after myself in this too. I hope it’s temporary.”

Read it all (registration or subscription).

Posted in --Justin Welby, Archbishop of Canterbury, Church of England (CoE), CoE Bishops, Ethics / Moral Theology, Pastoral Theology, Religion & Culture, Sexuality, Teens / Youth, Violence, Youth Ministry

(SR) Scientists call for all-out, global effort to create an AI virtual cell

Noting that recent advances in artificial intelligence and the existence of large-scale experimental data about human biology have reached a critical mass, a team of researchers from Stanford UniversityGenentech, and the Chan-Zuckerberg Initiative says that science has an “unprecedented opportunity” to use artificial intelligence (AI) to create the world’s first virtual human cell. Such a cell would be able to represent and simulate the precise behavior of human biomolecules, cells, and, eventually, tissues and organs. 

“Modeling human cells can be considered the holy grail of biology,” said Emma Lundberg, associate professor of bioengineering and of pathology in the schools of Engineering and Medicine at Stanford and a senior author of a new article in the journal Cell proposing a concerted, global effort to create the world’s first AI virtual cell. “AI offers the ability to learn directly from data and to move beyond assumptions and hunches to discover the emergent properties of complex biological systems.” 

Lundberg’s fellow senior authors include two Stanford colleagues, Stephen Quake, a professor of bioengineering and head of science at the Chan-Zuckerberg Initiative, and Jure Leskovec, a professor of computer science in the School of Engineering, as well as Theofanis Karaletsos, head of artificial intelligence for science at the Chan Zuckerberg Initiative, and Aviv Regev executive vice president of research at Genentech.

Read it all.

Posted in Health & Medicine, Science & Technology

(CT) Joni Eareckson Tada–Advent Calls Us Out of Our Despair

God wants us to understand the depth and breadth of our transgressions against him and come face to face with the utter lostness of our plight. He wants us to own our sad and sorry situation, understanding that our sin offends him and that his wrath is upon us. That without Jesus we are held captive by the Enemy. 

I know what it’s like to be held captive by a sad and sorry situation. Decades ago, when a reckless dive left me paralyzed at the age of 17, my world went dark. My despair seemed like a bottomless pit. I was lost to life as I once knew it—riding horses, playing sports, and hiking through the beauty of God’s creation. But now? I felt enslaved by a life sentence of quadriplegia.   

Lying in the rehabilitation hospital after my injury, I wanted to end my life. Unable to do even that, I determined to end my life spiritually. I told my mother to shut the door and close the drapes. I wanted to shut out the light—shut out the whole world. I was lost. 

Only when we appreciate the fact that we are lost can we fully celebrate being found. Perhaps that’s why James says, “Grieve, mourn, and wail” over your sin and God “will lift you up” (4:9,10). 

Read it all.

Posted in Advent, Anthropology, Christology, Ecclesiology, Soteriology, Theology

(Bloomberg) The Egg–A story of extraction, exploitation and opportunity

A single cell.

A global business worth billions.

A trade that can bring rewards—or human costs that cannot be measured.

The human egg is a precious resource, exchanged in markets open, gray or black. To tell its story, we follow a teenage girl in India, lured into selling her eggs; a model in Argentina whose genetic makeup is prized; a mother in Greece, told by police that her eggs were stolen; and two “egg girls” from Taiwan who have put themselves at risk to earn money in the US.

Read it all.

Posted in Children, Ethics / Moral Theology, Globalization, Life Ethics, Marriage & Family, Science & Technology

A Prayer for the Feast Day of Saint Lucy

Loving God, who for the salvation of all didst give Jesus Christ as light to a world in darkness: Illumine us, with thy daughter Lucy, with the light of Christ, that by the merits of his passion we may be led to eternal life; through the same Jesus Christ, who with thee and the Holy Spirit livest and reignest, one God, for ever and ever. Amen.

Posted in Church History, Spirituality/Prayer

A Prayer the day from Bishop William Walsham How

O Heavenly Father, whose most dearly beloved Son has come once to save the world, and will come again to judge the world: Help us, we pray thee, to watch like servants who wait for the coming of their lord.  May we abound in hope through the power of the Holy Ghost; and, having this hope, may we purify ourselves by thy grace, even as Christ is pure.  Grant this, O Father, for his sake and for the glory of thy holy name.

Posted in Advent, Spirituality/Prayer