The Mormon church is lashing back at a business magazine that parodied their prophet’s mission and portrayed the church as lucratively rich but miserly with charitable donations.
A lengthy story in Bloomberg Businessweek that hits newsstands on Friday details The Church of Jesus Christ of Latter-day Saints’ vast financial holdings, from a $2 billion mall in Salt Lake City to a $1 billion ranch in Florida.
Reaction to the magazine’s cover has overshadowed the article, however. The illustration satirizes the moment when Mormons believe John the Baptist bestowed the priesthood on Joseph Smith, the faith's founding prophet.
In the parody, John the Baptist tells Smith, “and thou shalt build a shopping mall, own stock in Burger King, and open a Polynesian theme park in Hawaii that shall be largely exempt from the frustrations of tax ...” Smith answers, “Hallelujah.”
LDS church spokesman Michael Purdy said the magazine cover is “in such poor taste it is difficult to even find the words to comment on it.”
This analysis is not from Occupy Wall Street: It’s from those long-haired, hippie radicals over at Bloomberg News, whose Freedom of Information Act lawsuit finally pried the bailout details out of the unwilling Fed. Turns out the banks made $13 billion in profits off the government’s sweetheart-deal interest rates, which New Deal 2.0 is calling maybe “the biggest subprime loan operation of all time.”
The contrast couldn’t be clearer: While the government swung into extreme, double-secret action to save Wall Street, it’s sitting on its hands as long-term mass unemployment hammers Main Street.
The clean up of Zucotti Park -- announced by New York City Mayor Michael Bloomberg yesterday -- by city workers has been scrapped as of early Friday a.m.
The announcement came shortly after 6 a.m. EST, less than an hour before city workers were scheduled to enter the park near Wall Street where thousands of demonstrators have been camped out for nearly a month.
Bold leadership means that Mayor Bloomberg should do what he can to allow these protests to continue, even if he doesn't agree with them. As an elected official, it is essential that the mayor find a way to protect demonstrators' free speech and right to assemble.
The freedom to protest is one of the things that has made this country great and its abridgement is an affront to us all.