Financial news page 59

Do I have a shot at these Universities?

Do Financial Peace University discussion leaders get paid commissions?

What do you think of this Article written by a Russian but sent to me by the American Family Association?

Opinion on obama and his party..? http://www.snopes.com/politics/soapbox/p…?

What does Russia think of America?? Bet it will SURPRISE you!?

financial aid suspension appeal help?

Financial Aid Suspension Appeal...?

Financial risk taking tied to higher testosterone?

How will we know when the economic crisis reaches its boiling point?

See what the Archbishops have to say about the $700bn bailout... http://www.independent.co.uk/news/business/analysis-and-features/the-big-question-should-the-church-be-entering-the-controversy-over-the-700bn-bailout-942764.html Its mostly what the lay man is saying but with priceless little nuggets lambasting the market system "which seems to have taken its rules of trade from Alice in Wonderland."...! and "To a bystander like me," he said. "those who made £190m deliberately underselling the shares of HBOS, in spite of a very strong capital base, and drove it into the arms of Lloyds TSB, are clearly bank robbers and asset strippers." and more importantly : "One of the ironies about this financial crisis is that it makes action on poverty look utterly achievable. It would cost $5bn (£2.7bn) to save six million children's lives. World leaders could find 140 times that amount for the banking system in a week. How can they tell us that action for the poorest is too expensive?" i think theres a lot of truth in here...what do you think? Edit: To those to feel the Archbishops' comments certainly risk accusations of "pot calling the kettle black", the Church of England has said: 'The Ekklesia statement is misleading in a number of respects. The Commissioners do not short equities, nor have they delegated any shorting powers to their external equities fund managers. They do not have any exposure to hedge funds that short stocks, either.' It went on to say that the currency hedging was to protect assets, which suffered through bad property investments in the 1990s. The Church's £5billion of holdings, built up over centuries from historic assets, are used to pay clergy stipends and pensions and church running costs. Thats what i've read. Now, for all you nice folks who call the Church hypocritally rich, have you ever cared to find out about Church charities and the work they do??? Edit: In India, where i live, most Churches have community funds, donated by the well-to-do that cater to the needs of the poor of the parish...irrespective of religion. Edit: i agree that some Churches are more concerned about their heritage structures than the poor people, but all Churches aren't like that.

I think the church is the biggest bunch of hypocrites the world has seen, if they want to end poverty why dont they dip into the churches coffers and dontate the fortunes it has acquired Edit - And he is wrong about underselling " HBOS, in spite of a very strong capital base, and drove it into the arms of Lloyds" the shares were obviously at an artificially inflated price originally edit - really? see link for just the catholic faiths rich

money is not the problem... in a free market people take risks and sometimes it pays off and they become rich... if it doesn't they go broke... thats life the problem is when people take risks with other peoples money or expect to be bailed out by others and thats whats happening at the moment

Christianity worships Mammon,above all others.So the church speaking out,is pure hypocrisy!

What annoys me about the church, the money is just rolling in! There are poor people in their areas who genuinely have nothing are living day to day, and they don't help them out only those that they might know on a personal level.. In our church the plate goes around @ every mass and they are out looking for funds for Bells for the churches etc.... while the poor that are putting their pennies (cents) into the plate are starving at home.

Trying looking who are the biggest share holders in many banks - churches! Who owns more land/properties/hotels/jewels/paintings/etc., etc., have you even seen what there is under the Vatican?? what you are allowed to see, imagine what they have got that has never been seen by us suckers in the street. Just sit and think about it for a while, then they hold their hands out for help, donations etc., they could feed the world if the sold some of the paintings they had stored away under the streets of ROME!!!!

Sorry, but I do not see what this business has to do with worshiping money. Speculation has its uses, and indeed helps to steady markets speculators tend to go against the trend. The important thing is not just to pour in aid, which is a very short-term solution, but to invest in an infrastructure in these poverty-stricken places which will enable them to survive. As for the various churches, they are a lot of hypocrites. What did their chap say about casting out the beam from your own eye, or something like that?

There is a lot of truth there Faith How are they finding this enormous amount of 'spare' money suddenly? When so many millions of people could have benefitted from just a fraction of that pay out I would also agree with Ms S and others who point out the church needs to get it's priorities sorted too

Yeah, we'll chastise until things are alright again.

As Saint Paul said,"The love of money is the root of all evil." Note it is not money itself, just the way it is worshipped. Jesus himself told a very rich man to sell all that he owned & give it to the poor, then to come & follow Him. The rich man went away very sorrowful. He couldn't let go of his wealth. If the church followed Christ's teachings they should give, but like the rich man in the gospels they are going down a wrong path. There are many Christians who do help the poor, they just never advertise this fact.

Yes the rich are obsessed by their greed to become richer with callous disregard for the less well off and their money. Most of the money these rich arrogant idiots have meddled with and lost belongs to the less fortunate.

I think people are letting their poor views of religion itself get in the way of seeing the greater point.

yes!!!