Interest rates will be going up soon

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Interest rates will be going up soon whatsapp Share More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com Monday 7 February 2011 9:37 pmcenter_img KCS-content HIGHER interest rates are on the way: that is the lesson from this morning’s strong January retail sales survey, the latest of a batch of statistics suggesting the economy bounced back in January. Even before today, markets were already pricing in a 100 per cent chance of a 0.25 per cent rate hike in May, with short-dated swaps attributing a 20 per cent chance of a hike on Thursday. We shall soon find out. I regularly encounter two related objections to raising the Bank of England’s short-term rates from their current, ridiculously low 0.5 per cent. Many argue that our elevated rates of inflation come either from higher tax or from higher commodity prices – and therefore are either not “real” or are out of the Bank’s control. Let’s take these points in turn. CPI-CT and CPIY, which supposedly strip out the effect of tax, are running at just 1.9 per cent and two per cent. But these esoteric measures are calculated on the assumption that indirect tax hikes are passed on in full to consumers. This is nonsense. Pass-through was only one-third after the 2008 VAT cut. Assuming that one-half of the increase in indirect taxes last year was reflected in the prices charged to consumers, Henderson calculates that inflation would now be 2.8 per cent had tax rates remained stable – still too high.What about commodities? UK inflation is much higher than elsewhere, even though most countries are facing the same supply shock (dubbed cost-push inflation by some). The reason why the Bank is tasked with keeping inflation at around two per cent a year is that it has much greater powers over average prices than many people realise. It can’t stop individual prices – such as wheat – from shooting up – or others– such as the cost of computers – from collapsing. But it has a huge influence over the average price in the economy. This is because it can vary the total amount of demand in the economy; in turn, this is because it can largely determine the overall amount of money. That is why Milton Friedman said that inflation is always a monetary phenomenon: he meant that it is always in the power of the central bank to create or to stop inflation using its control of the printing press, short-term interest rates (and in some countries) its powers to force banks to hold more or less capital.Higher commodity prices don’t automatically lead to increases in the overall, average price level: this only happens if the Bank of England doesn’t adjust demand to compensate. Regardless of oil and commodity prices, a disastrous bout of deflation could be generated in a matter of months were the Bank to suddenly sell tens of billions of pounds worth of gilts, sucking out pounds from the economy and slashing aggregate demand. Alternatively, the Bank could trigger hyperinflation by crediting every single bank account in the country with an extra £100,000 – as consumers rush out to buy goods, services and assets, prices would jump almost instantaneously. Manipulating “demand-pull” forces can cancel out “cost-push” pressures – the claim that the Bank can’t control inflation in the current climate doesn’t stand up to scrutiny. Those who don’t want higher rates should be arguing for the Bank’s target to be scrapped – not claiming that it has no power over inflation. Ultimately, all of this is academic. Interest rates are going up, and rightly so. It is just a matter of when, not if. [email protected] me on Twitter: @allisterheath Show Comments ▼ whatsapp Tags: NULLlast_img read more

Eurozone industrial output accelerates

first_img Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comPuffer fish snaps a selfie with lucky divernypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Industrial output excluding energy accelerated in the eurozone in January as manufacturing picked up in a number of core bloc members.Production in the 17 countries using the euro rose by 0.3 per cent compared with December, despite a 3.1 per cent fall in energy production, the European Union’s statistics office Eurostat said. On an annual basis, the increase was 6.6 per cent, marginally greater than the expected 6.4 per cent.But conditions in peripheral nations such as in Portugal and Ireland declined, with Portugal’s manufacturing falling by 4.2 per cent.Howard Archer, chief economist at Global Insight, described the growth as “solid if unspectacular”. “Eurozone industrial production was somewhat distorted over December 2010 and January 2011 by severe weather in December in some countries hitting manufacturing output but boosting energy output,” he said.“Looking through these distortions, the underlying performance of the eurozone manufacturing sector clearly remains robust at the moment.”Markit chief economist Chris Williamson said he expected the rate of growth “to improve markedly” in February but warned that global events such as the tsunami in Japan would affect global progress.December’s figures were revised up significantly to show a gain of 0.3 per cent month-on-month from a previous 0.1 per cent fall and to an annual rise of 8.8 per cent from eight per cent.The revision suggested the cold snap had not hampered activity as much as initially thought. Of ten eurozone countries for which data was available, production rose in Estonia, France, Germany, Malta, Slovakia and Spain and fell in Finland, Ireland, Italy and Portugal. Show Comments ▼ Eurozone industrial output accelerates whatsapp whatsapp alison.lock Monday 14 March 2011 9:22 am Tags: NULLlast_img read more

Tennessee sports betting bill faces online-only amendment

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 20th March 2019 | By contenteditor A bill that would legalise sports betting in Tennessee has been amended so that only online sports wagering would be permitted. Representative Rick Staples had originally proposed also opening shops similar to sportsbooks. A bill that would legalise sports betting in Tennessee has been amended so that only online sports wagering would be permitted in the state.Introduced in January by Representative Rick Staples, HB0001 originally set out plans to open shops similar to sportsbooks in Tennessee, in addition to internet betting services.However, after discussion this week in the House’s State Committee, Staples has opted to remove land-based sportsbooks from the bill and instead focus on an online-only market. Wagers would also be permitted via an approved mobile platform.Should the bill come into law, Tennessee would become the first state in the US to offer only internet sports betting to consumers. New Jersey is currently the only state to have both legal land-based and online sports wagering service available.The Tennessee Sports Gaming Act also includes measures that would see licence-holders pay tax at a rate of 10% on adjusted gross income.Licences to offer legal sports betting in Tennessee would cost operators $7,500 (£5,680/€6,600). A separate licence would be required for each sportsbook in the state.Consumers would need to be at least 21 years old to place a sports bet and also be physically located inside the state’s boundaries.Staples has also proposed establishing a new Tennessee Gaming Commission to supervise compliance with sports wagering laws in the state.The House’s State Committee is due to discuss the bill again on March 26.Image: Famartin Topics: Legal & compliance Sports betting Legal & compliance Tags: Online Gambling Regions: US Tennessee Subscribe to the iGaming newsletter Tennessee sports betting bill faces online-only amendment Email Addresslast_img read more

FSB secures £23m investment to power future growth

first_img Topics: Sports betting Tech & innovation Sports betting solutions provider FSB Technology has secured a £23m (€25.1m/$28.0m) growth capital investment from Canadian venture capital fund Clairvest Group, with the money to be used to pursue growth opportunities in regulated markets.Clairvest, alongside its Clairvest Equity Partners V (CEP V) fund, has the option to invest a further £4m in the business, provided certain, undisclosed, conditions are met.“We are impressed with FSB’s leadership, technology platform and tremendous growth track record to date,” Clairvest president Michael Wagman said. “Having spent over two years evaluating the sports betting space, we view FSB as a strong leader with a promising opportunity to expand into new regulated sports betting markets.“We are excited to back the company’s co-founders and partner with proven and strongly aligned gaming entrepreneurs.”FSB co-founder and chief executive Dave McDowell described Clairvest’s investment as “an important milestone” for the business.“Beyond capital, Clairvest’s deep industry knowledge in the gaming space will be instrumental in supporting our team as we embark on an aggressive growth plan in our existing markets as well as new geographies,” McDowell explained.FSB is Clairvest’s 54th platform investment and its 13th investment in the gaming space. The Clairvest Group fund also holds a stake in Gateway Casinos, a casino operator in Western Canada. CEP V, meanwhile, has made ten investments in total, including funding Illinois-based gaming terminal operator Accel Entertainment and Head Info Tech, operator of the Indian skill gaming platform Ace2Three. Sports betting Sports betting solutions provider FSB Technology has secured a £23m growth capital investment from Canadian venture capital fund Clairvest Group, with the money to be used to pursue growth opportunities in regulated markets. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter FSB secures £23m investment to power future growthcenter_img 30th July 2019 | By contenteditor Tags: Mobile Online Gambling OTB and Betting Shops Subscribe to the iGaming newsletter Email Addresslast_img read more

CFI Holdings Limited 2011 Abridged Report

first_imgCFI Holdings Limited (CFI.zw) listed on the Zimbabwe Stock Exchange under the Agri-industrial sector has released it’s 2011 abridged results.For more information about CFI Holdings Limited (CFI.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the CFI Holdings Limited (CFI.zw) company page on AfricanFinancials.Document: CFI Holdings Limited (CFI.zw)  2011 abridged results.Company ProfileCFI Holdings Limited is a leading agricultural-based industrial holding company in Zimbabwe; primarily involved in manufacturing and selling fresh produce and manufacturing stock feed, aswell as property management and letting. Through subsidiaries and joint ventures; it manages wholesale and retail outlets, offers products and services for animal health, operates maize and wheat mills, and is involved in poultry farming and producing and selling poultry products. CFI Holdings Limited manages a separate entity offering services for the development and management of real estate in Zimbabwe. STALAP Investments is now the largest shareholder in CFI Holdings Limited after increasing its stake in the company to over 40%. STALAP is an investment vehicle owned by Zimre Holdings. Its retail outlets include Farm & City and Vetco Animal Health; its specialised divisions include Victoria Foods, Saturday Retreat Estate, Reston Developers and Maitlands Zimbabwe Limited. Poultry is marketed and distributed through Agrifoods, Agrimix, Hubbard Zimbabwe, Glenara Estates, Crest Breeders International and Suncrest Chickens. CFI Holdings Limited is listed on the Zimbabwe Stock Exchangelast_img read more

Capital Oil Plc (CAPOIL.ng) Q32015 Interim Report

first_imgCapital Oil Plc (CAPOIL.ng) listed on the Nigerian Stock Exchange under the Energy sector has released it’s 2015 interim results for the third quarter.For more information about Capital Oil Plc (CAPOIL.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Capital Oil Plc (CAPOIL.ng) company page on AfricanFinancials.Document: Capital Oil Plc (CAPOIL.ng)  2015 interim results for the third quarter.Company ProfileCapital Oil Plc is a petroleum marketing company operating in the downstream sector of the oil and gas industry in Nigeria. The company sources and supplies a wide range of petroleum products including industrial supplies, automotive gas oil, premium motor spirit, dual purpose kerosene, liquefied petroleum gas bottling, lubricants and chemicals. Capoil imports automotive gas oil in commercial quantity for the industrial and retail sector. The company has a 14-metric ton LPG plant in Ogun state in Nigeria and a 10-metric ton LPG in the Ogun state. Capital Oil Plc was rescued from near collapse in 2012 and has gone through a major turnaround exercise; profitability was restored and value to shareholders was restored. The company has 11 service outlets which were reactivated and are profitable. Capital Oil Plc’s head office is in Lagos, Nigeria. Capital Oil is listed on the Nigerian Stock Exchangelast_img read more

Olympia Capital Corporation Limited (OLYMPI.bw) 2020 Circular

first_imgOlympia Capital Corporation Limited (OLYMPI.bw) listed on the Botswana Stock Exchange under the Investment sector has released it’s 2020 circular For more information about Olympia Capital Corporation Limited (OLYMPI.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the Olympia Capital Corporation Limited (OLYMPI.bw) company page on AfricanFinancials.Document: Olympia Capital Corporation Limited (OLYMPI.bw)  2020 circular Company ProfileOlympia Capital Corporation is an investment holding company operating in the construction industry in Botswana. Through its subsidiaries, the company manufactures and markets a range of building materials that includes vinyl floor tiles, and aluminium and PVC windows and door frames. The company also has interests in manufacturing and supplying industrial adhesives and glue, cleaning chemicals, fire equipment, water pumps. Olympia Capital Corporation manages a portfolio of real estate investments which includes Avon Centre and Heri Heights Limited. The company has identified opportunities to expand its footprint in southern and eastern Africa. Olympia Capital Corporation Limited is a subsidiary of Olympia Capital Holdings Limited.last_img read more

Attorneys urge Bishop Bruno disciplinary panel to move in opposite…

first_img Richmond Parker says: Family Ministry Coordinator Baton Rouge, LA AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis The Hearing Panel considering the disciplinary case against Diocese of Los Angeles Bishop J. Jon Bruno consists of, from left, the Rev. Erik Larsen of Rhode Island, Rhode Island Bishop Nicholas Knisely, Diocese of Southern Virginia Bishop Herman Hollerith IV (panel president), panel legal advisor Brad Davenport, Deborah Stokes of Southern Ohio and North Dakota Bishop Michael Smith. Photo: Mary Frances Schjonberg/ Episcopal News Service[Episcopal News Service] Attorneys representing the Episcopal Church and Diocese of Los Angeles Bishop J. Jon Bruno are asking an ecclesiastical disciplinary panel to come to opposite conclusions about whether the bishop violated church law in attempting to sell St. James the Great Episcopal Church.Attorneys for Bruno argued for dismissal of the charges while the Episcopal Church’s attorney asked the members to find the bishop guilty but craft a sentence aimed at reconciliation. Their arguments came in briefs released close to a month after a rare bishop disciplinary hearing.The misconduct allegations, initially brought by the members of St. James, stem from Bruno’s unsuccessful 2015 attempt to sell the church in Newport Beach to a condominium developer for $15 million in cash.St. James was one of four properties that the diocese spent close to $10 million in litigation to recover from disaffiliated Episcopalians who broke with the Church over its policies on women’s ordination and the full inclusion of LGBTQI members in the life of the church, including ordained ministry.Church Attorney Raymond “Jerry” Coughlan, left, shows Diocese of Los Angeles J. Jon Bruno documents during the bishop’s testimony March 29. Photo: Mary Frances Schjonberg/Episcopal News ServiceBruno is at least the 10th bishop of the nearly 1,100 bishops in Episcopal Church history to have a disciplinary accusation against him reach the level of a formal hearing under the Church’s process for handling complaints applicable at the time. His trial was the first of a bishop since the Episcopal Church’s extensively revised Title IV disciplinary canons went into effect July 1, 2011.The hearing on accusations that he violated church canons, including engaging in conduct unbecoming a member of the clergy took place March 28-30 in Pasadena, California. The attorneys did not make oral closing arguments at the end of the testimony, opting instead to file written briefs. Those briefs could not be completed until after a transcript of the testimony was finished.The Hearing Panel has not acted on the attorneys’ recommendation and it is not known when the members will issue their decision. The panel has a range of actions it can take, from dismissal of the allegations to removing Bruno from his ordained ministry.Diocese of Los Angeles Chancellor Richard Zevnik and Vice Chancellor Julie Dean Larsen urged the panel in their brief to dismiss the entire case against Bruno. They said in the conclusion to their brief that a “civil lawsuit, political actions and social media campaign” mounted by members of St. James the Great in Newport Beach were “wrongfully, but successfully and strategically, designed to stop the sale of [the] 40,000-square foot church property” on what is known as Lido Island, a prosperous housing development sporting a yacht club.The Church’s clergy disciplinary canon, the chancellors argue, is “not intended to be used as a weapon to challenge a diocesan bishop’s decisions regarding the administration and stewardship of his or her diocese.”Along with the brief, Bruno’s chancellors also submitted a proposed order dismissing the charges, as well as a 65-page list of exhibits in the case. The Hearing Panel requested neither of the latter documents.Episcopal Church Attorney Raymond “Jerry” Coughlan, on the other hand, argued in his brief that Bruno is guilty of “serious misconduct” in violating three sections of the Title IV canons: “failing to exercise his ministry in accordance with applicable church canons,” “conduct involving dishonesty, deceit or misrepresentation” and “conduct unbecoming a member of the clergy. He said the panel must conclude that Bruno’s conduct was “calculated, pervasive and long-running.”Because of those violations and because “today he shows no sign of recognizing even the possibility of his misconduct,” Coughlan recommended that panel suspend Bruno from ministry for at least a year.However, because he said such a sentence would only exacerbate the conflict and not lead to reconciliation, Coughlan urged the panel to use its “broad authority” to craft a remedy that “looks forward creatively to heal the division now existing in the Los Angeles diocese.” That remedy would begin with staying any sentence of suspension if Bruno agrees not to appeal the panel’s finding.Then, Coughlan suggested, a creative remedy could include:Restricting Bruno’s ministry from having any role in the future administration of St. James unless asked to do so.Requiring that St. James promptly be reopened for Episcopal worship under the auspices of an independent member of the diocese, such as in incoming Bishop Coadjutor John Taylor, with the advice of a committee he chooses.Maintaining the Rev. Cindy Evan Voorhees as the paid vicar of the congregation for the rest of 2017 and 2018.Finding that Bruno violated the two sections of Title IV concerning dishonesty, deceit or misrepresentation and conduct unbecoming a member of the clergy, but foregoing a ministry suspension and instead admonishing Bruno “to work with the new leader to effect reconciliation of all parties in the diocese, as and if that person requests.” The latter would recognize the bishop’s “many years of service, and the overarching need for everyone to move on to promote healing, forgiveness, justice and reconciliation among all in the community.”Coughlan also submitted an unsolicited 36-page “statement of proposed facts” that presents his version of a timeline of the events leading up to the hearing.Following the Hearing Panel’s decision, attorneys for both parties will have 40 days to appeal its decision to the Court of Review for Bishops.Bruno turns 72, the Church’s mandatory retirement age, in late 2018. Taylor, his successor, is scheduled to be ordained and consecrated on July 8 of this year.Because none of the previous steps of the Title IV disciplinary process resolved the issue, when the complaints against Bruno got to the point of seating a Hearing Panel, the Episcopal Church replaced St. James as the complainant in the case. Coughlan, representing the Episcopal Church, presented the case to the panel. The St. James members originally filed a complaint against Bruno on July 6, 2015. According to the Title IV process, the Church pays for the costs of the disciplinary process for bishops.Diocese of Southern Virginia Bishop Herman Hollerith IV is president of the Hearing Panel. The panel, appointed by the Disciplinary Board for Bishops from among its members, also includes Rhode Island Bishop Nicholas Knisely, North Dakota Bishop Michael Smith, the Rev. Erik Larsen of Rhode Island and Deborah Stokes of Southern Ohio.The St. James the Great complainants alleged that Bruno violated church canons because hefailed to get the consent of the diocesan standing committee before entering a contract to sell the property;misrepresented his intention for the property to the members, the clergy and the local community at large;misrepresented that St. James the Great was not a sustainable congregation;misrepresented that Voorhees had resigned as vicar;misrepresented to some St. James members that he would lease the property back to them for many months and that the diocese would financially aid the church; andengaged in conduct unbecoming a member of the clergy by “misleading and deceiving” the clergy and people of St. James, as well as the local community, about his plans for the property and for taking possession of the property and locking out the congregation. It continues to worship in a rented room at city hall.Previous ENS coverage of the hearing is here.– The Rev. Mary Frances Schjonberg is senior editor and reporter for the Episcopal News Service. April 26, 2017 at 8:51 pm Not too long ago a very famous Bishop stated that so many clergy in the church have forgotten their place and function in the church which was given them at the time of ordination. That role was not as a prince of the church nor one who seeks fervently to go up the ranks of clericalism and become something in place of being a clergyman, a pastor, a shepherd. As members of the human community clergy should not be considered as error-proof individuals but those who have to learn as they go along. From the top down, TEC, clergy need to rediscover what it is to truly shepherd their flocks and not see their position as a stepping stone to the next level. If their hearts are open the Holy Spirit will keep them in the direction they need to go. The rewards will be great but the work is truly difficult. Let us support our clergy and help any way we would be led. We will all be blessed. Obviously, we are in difficult times of change but let us not become more divisive by the constant use of the term,”All Episcopalians”–for there is no such animal! Let us collectively pray for all our clergy who have chosen a truly difficult road to follow and most of all may we all have FAITH! Craig Kauffman says: Property Rector Smithfield, NC Featured Events Associate Rector for Family Ministries Anchorage, AK The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Rector Pittsburgh, PA Rector Knoxville, TN Rector Martinsville, VA mike geibel says: New Berrigan Book With Episcopal Roots Cascade Books April 27, 2017 at 8:58 pm Reopen St. James, like yesterday!!!The building is just standing there locked and unused. Bishop Bruno, open the church to the parishioners!!! Kilty Maoris says: David Allen says: Featured Jobs & Calls Bruno Hearing, An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Vernon Sheldon-Witter says: April 28, 2017 at 1:35 pm All too often , the reverend clergy violate their ordination vows by disregarding ” the teachings of the apostles . ” PECUSA had 3.6 million members in 1966 , now we are down to 1.8 million , and still losing people . How many years before there is no PECUSA left ? Richmond Parker Vernon Sheldon-Witter says: Rector (FT or PT) Indian River, MI Press Release Service Rector Belleville, IL Rector Albany, NY May 11, 2017 at 4:31 pm You are behind the times on this, Mr. Sheldon-Witter. This is not the GAFCON congregation from which the diocese wrested the property back. These are congregants who are full members of TEC under the purview of the Diocese of Los Angeles. As I understand it, Bishop Bruno acted on his understanding of his powers under Corp Sole to personally manage the property. Members of St. James and others believe in part he shouldn’t have acted on the realty offer without the okay of the diocesan standing committee and also that there was deceit in his communications on the matter. The panel needs to decide whether Bishop Bruno acted in such a way as to offend church canons. Personally I believe he thought he was acting in good faith for the diocese as a whole, to retrieve funds that had been lost from other ministries during the GAFCON litigation. But I also believe the situation was handled with a lack of pastoral care for those most affected. I pray for peace and reconciliation on all sides and for Bishop Bruno’s health. Director of Music Morristown, NJ May 2, 2017 at 9:42 pm If the Church is no longer an active Episcopal Parish (TEC) and the Diocese spent millions to reclaim the rights to the property. I see no reason why it can not be sold to recover funds spent on legal fees and court cost. The Roman Catholic Church closed churches, schools and hospitals to help pay settlements during the clergy abuse cases. Bishop Bruno is a dedicated man and is one of our leading Bishops. mike geibel says: May 4, 2017 at 10:04 pm Vernon and Dr. William:We should revisit the reported history.In 2004, St. James became one of four Episcopal congregations in SoCal who re-aligned themselves with African provinces. St. James, like many churches in SoCal, is owned by the Bishop as a “Corp Sole” and not by the parishioners. Millions were spent in legal fees to confirm that the Bishop had the absolute legal right to oust the prior rebellious congregation from St. James (as well as the other dissenting churches) who had devoted their time and capital to build what were at the time vibrant Anglican communities. With the successful litigation behind him, the Bishop assigned Canon Voorhees to the re-established St. James the Great and to rebuild the congregation. She took her assignment to heart and went about developing a strong Episcopal presence in Newport Beach. Bishop Bruno re-dedicated St. James as an Episcopal congregation and affirmed the church will “continue in ministry within the Episcopal Church.”The charges were not brought by the former congregation that left, but were brought by Canon Voorhees and the loyal parishioners when a developer offered the Diocese $15 million for the property, and the Bishop exercised his authority to sell the Church.You indicate we should not judge the Bishop too harshly. Surely it is not a serious offense to sacrifice a hundred or so of the remaining loyal Episcopalians in an affluent neighborhood when operational costs are increasing and money is needed to subsidize the “social justice” movement for thousands of non-members and refugees as a newly declared Sanctuary Diocese. Political activism is a thirsty beast, and the sanctuary was to be liquidated to raise cash to invest in commercial real estate ventures which would generate a steady cash flow into the future to sustain a Diocese suffering from declining membership and pledge revenues. It may be unfortunate that the loyal parishioners are now refugees within their own Diocese and are holding services in a local park, but as the Bishop reasoned, they can attend other nearby churches. Putting my sarcasm aside, the Bishop had the unquestioned, legal right to sell the church and the fiduciary responsibility to do so if the church was not financially self-sustainable and incapable of paying its mission share. People criticize CEO’s (like Trump) for similar “business decisions” which are difficult but gutsy calls when they are faced with financial realities. The difference here is that the Church is not a business but is a religious community.The membership and revenue nose-dive of the TEC is not the fault of the Bishop alone but reflects a nationwide decline of progressive churches which have chosen, by reason of their faith, to be the advance guard of a proposed new social order that surely they knew would alienate a large number of parishioners. The St. James tragedy is merely one episode in the foreseeable consequences. TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Priest-in-Charge Lebanon, OH Comments are closed. Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Assistant/Associate Rector Morristown, NJ John Speller says: In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Priest Associate or Director of Adult Ministries Greenville, SC Tony Oberdorfer says: Rector and Chaplain Eugene, OR Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Youth Minister Lorton, VA center_img Attorneys urge Bishop Bruno disciplinary panel to move in opposite directions Closing briefs call for dismissal or ‘creative way’ to move forward in Los Angeles April 27, 2017 at 10:44 am Very good point! June 17, 2017 at 7:45 pm On Saturday, June 16th, the Panel which heard the misconduct charges against Bishop Bruno issued an emergency order, prohibiting The Bishop of the Episcopal Diocese of Los Angeles from selling St. James the Great Episcopal Church. http://www.ocregister.com/2017/06/17/episcopal-church-panel-prohibits-local-bishop-from-selling-newport-beach-church/It seems that the Panel, which has not yet ruled on the charges or decided the fate of St. James, asked the Bishop and his attorneys to confirm that the Diocese had not entered into a secret deal to sell St. James. The answer given was evasive and non-responsive. The panel stated that if the Bishop had entered into such a contract before a decision from the panel, such conduct “is disruptive, dilatory and otherwise contrary to the integrity of this proceeding.”The news article does not address the question as to whether the Panel has the power or jurisdiction to order the Bishop not to sell St. James. The failure to confirm that no contract to sell St. James exists or is in the works, indicates that the Diocese is in such need of funds that the sale is needed regardless of any ruling by the Panel. The Bishop may believe that the Panel will have to confirm his legal authority to sell the property, and that at worst, the Panel can and will only find that he could have handled the situation, “better.” The congregation has remained refugees within the LA Diocese and locked out for two years. The “amen’s” echoing from the pews in this beautiful church were replaced by the muffled footsteps of spiders and mice while the forgotten congregation holds services in a nearby civic center. James Koenig says: Cathedral Dean Boise, ID Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Rector/Priest in Charge (PT) Lisbon, ME Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Judy Whelchel says: Submit a Job Listing Comments (14) Rector Tampa, FL This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Rector Washington, DC Associate Rector Columbus, GA Submit an Event Listing Associate Priest for Pastoral Care New York, NY Nancy Mott says: Rector Bath, NC Tags Curate Diocese of Nebraska Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Rector Hopkinsville, KY Dr. William A. Flint, MDiv, PhD says: Assistant/Associate Rector Washington, DC May 1, 2017 at 5:42 pm You need to take into consideration the 2015 Pew Study on Americans and Religion before you throw stones at TEC or any of Our Bishops.http://www.pewforum.org/2015/05/12/americas-changing-religious-landscape/ Director of Administration & Finance Atlanta, GA Submit a Press Release Rector Collierville, TN Assistant/Associate Priest Scottsdale, AZ Canon for Family Ministry Jackson, MS May 1, 2017 at 5:48 pm So many GAFCON and related Parishes just refuse to understand that Canon Law states that the Parish can leave as they like,but the Church Building itself,the Treasury of the Parish and the Retirement Funds of the Priest leading the parish out of TEC belong to the TEC and not the Parish. This is a sham to try and punish a Bishop who has been a leader in the Inclusion movement. St. James has no rights as a non Episcopalian Parish to the Church Building or Treasury itself. If they are taking a stand against inclusion let them do it-but without the Building or money. Rector Shreveport, LA Course Director Jerusalem, Israel April 26, 2017 at 7:45 pm Originally, several parishes left the Diocese because of opposition to the inclusive policies of the church but were returned to the Diocese for purposes of ministry according to the policies of the national church. This was a good thing. They were returned to be engaged in authentic ministry. Since St. James was originally returned to the Diocese of Los Angeles for such ministry, and has since been engaged in ministry that “is” inclusive and in concert with the general policies of the church regarding ordination of women and full inclusion of LGBT people in the life of the church, it is hard to understand why the returned property would be “cashed in” and used as a money maker rather than a place for ministry. There seems to be an abundance of power politics that doesn’t serve ministry. I have witnessed several “power” and/or “property grabs” around the diocese over a number of years that circumvent vestries, crush parishioners, and leave clergy in fear for their jobs, so they don’t “fight back.” This sort of thing does not look particularly good for the church. (The Mafia is a hierarchical structure too– Is it not the servant role that differentiates ours from theirs?) I have seen people crushed by this type of exercise of power and even alienated from the church. Are we as a church not the shepherd of souls? The job of the church is one of shepherding. Certainly the sheep are more important than the art of the deal. This type of thing really does undermine ministry. Perhaps, in a spirit of forgiveness, it is time for a clean slate– a graceful and humble exit, and a continuation of ministry in Newport Beach according to the purpose and desires of those who gave the property in question to the church to begin with. It is unfortunate that the statements above do not clearly indicate that the present St. James Church is a quite different one in policy and practice than the one that left the Diocese in opposition to progressive changes in the church. As far as lies and misrepresentations go– and fake news— don’t we get enough of that in national politics? How can we seek sanctuary– in every sense–and give sanctuary– in every sense–in this kind of atmosphere. Bishop Diocesan Springfield, IL Missioner for Disaster Resilience Sacramento, CA April 26, 2017 at 6:42 pm All so sad and unseemly. It would appear that the plan presented by Coughlan would be the best way forward, especially since Bishop Bruno is so close to the mandatory retirement age. Posted Apr 26, 2017 Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT April 26, 2017 at 10:18 pm I don’t understand why this is news. Surely the prosecuting and defense lawyers would always be on opposite sites. April 30, 2017 at 3:32 am I think that it’s news because it informs us of the latest step in the case, that the sides have submitted their closing arguments in writing and what those arguments include.I am happy to have the update as I have followed this case closely and reported about it from its inception. Curate (Associate & Priest-in-Charge) Traverse City, MIlast_img read more

Give It launches Green Gift List to benefit environmental charities

Howard Lake | 2 August 2007 | News Give It launches Green Gift List to benefit environmental charities Tagged with: Trading About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.  15 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Give it, the organisation behind The Alternative Wedding List, have launched The Green Gift List, featuring a variety of environmental and conservation charities.The entire service is online, found at www.thegreengiftlist.co.uk, and couples can sign-up to one of a number of ready-made gift lists that contain gifts of donations to a variety of charities, including charities such as Borneo Orangutan Survival, Buglife, Garden Organic, the Marine Conservation Society, Save the Rhino and the World Land Trust. Couples select one of the groups of charities, or make up their own, and their family and friends then select a gift to the charity of their choice. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Advertisement read more

Harlem Globetrotters reduce their carbon footprint by supporting Plant a Tree Today Foundation

first_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.  38 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis On their stay in Thailand, the Globetrotters met with the local environmental charity, Plant a Tree Today (PATT) Foundation, to look at ways they can reduce their carbon footprint. The work of this foundation aims to address climate change and environmental issues through reforestation.To kick start the Globetrotters’ mission to reduce their carbon footprint, a number of native Thai trees will be planted on the team’s behalf at one of the PATT Foundation’s reforestation sites in Thailand. The projects that the PATT Foundation undertakes not only help mitigate climate change, but also improve wildlife habitat and provide income, jobs and education for local residents.PATT Foundation staff member Charisse Gebhart visited Impact Arena before the Harlem Globetrotters’ show. Gebhart, a lifelong Globetrotters fan, met with some of the team to present a certificate recognizing the team’s support of the tree planting.“I’m pleased to see all levels of society wanting to do their bit to help with our global environmental problems; it is especially great when high profile teams show their support,” said Gebhart.For more informationDr Dan Rollinson, Thailand Country ManagerTel: +66 2 2559 6255Email: [email protected] Plant A Tree Today FoundationPlant a Tree Today (PATT) Foundation works to raise awareness of global environmental issues, campaign for better environmental practices and take action against deforestation and climate change by planting trees.Plant a Tree Today (PATT) Foundation was founded in 2005 and is a UK Registered Charity and Thailand Foundation. PATT has operational offices in Bangkok, Thailand and Indonesia with representatives in Malaysia, India & South Africa.PATT was recently recognized in a prestigious UN award (the Seed award) for their innovative project concept that aims to tackle environmental and social problems in the developing world.www.plant-a-tree-today.orgAbout the Harlem GlobetrottersSponsored by Campbell Soup Company, IHOP, Spalding, and America’s Best Contacts and Eyeglasses, the Original Harlem Globetrotters are in their 83rd consecutive season of touring the world.The Globetrotters have played in 120 countries on six continents, entertaining over 130 million fans and crossing barriers between cultures, societies and people from all walks of life. The Globetrotters are one of only six teams to be inducted into the Naismith Memorial Basketball Hall of Fame.For the latest news and information about the Harlem Globetrotters, and to purchase team merchandise, visit the team’s official Web site:www.harlemglobetrotters.com AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Harlem Globetrotters reduce their carbon footprint by supporting Plant a Tree Today Foundationcenter_img Howard Lake | 29 August 2009 | News Harlem Globetrotters reduce their carbon footprint by supporting tree planting projects with Plant a Tree Today Foundation.Bangkok, 17th August 2009: The internationally acclaimed exhibition basketball team, the Harlem Globetrotters, recently visited Bangkok as part of their 2009 “Spinning the Globe” World Tour. Playing nearly 400 games annually, the team spends considerable time flying around the world, dazzling the crowds with their legendary performances. As the Ambassadors of Goodwill™, the Globetrotters are keenly aware of the environmental effects and are taking steps to reduce their carbon footprint. Advertisement Tagged with: Celebritylast_img read more