Financial crisis

the Web Editors 04-05-2016

Sigmundur David Gunnlaugsson. Image via Control Arms / flickr.com

The prime minister of Iceland, Sigmundur David Gunnlaugsson, who was named in the leak of documents from the offshore law firm Mossack Fonseca, has resigned, according to Buzzfeed News .

Abby Olcese 12-23-2015
Still from 'The Big Short'

Still from The Big Short

In Matthew 6:24, Jesus reminds us that we cannot serve both God and money. Serving money above all else means that we pursue our own greed, usually at the expense of others’ well being. To serve God is to care for our brothers and sisters. To serve money is to forget that their problems exist.

Director Adam McKay’s new film The Big Short, about the events leading up to the 2008 economic collapse, is a scathing indictment of the culture of greed, shortsightedness, and self-interest that allowed millions of people to lose their jobs and homes. It’s a comedy, but one whose dark humor derives from a passionate sense of disappointment and anger.

Daniel Weeks 03-26-2013
Beds in a homeless shelter, Nathan Kresge / Shutterstock.com

Beds in a homeless shelter, Nathan Kresge / Shutterstock.com

During this Holy Week, Christians around the world turn inward to reflect on the mystery and miracle of the death and resurrection of our Lord, Jesus Christ. Those two surpassing events are more than good enough to occupy the mind and heart of every believer. 

But they are not all that Jesus did in these eventful days. As any student of the scriptures will know, Jesus did not go quietly to the cross. Three days before his execution, he stormed the temple and challenged the seat of theocratic power in Jerusalem, condemning the pharisaic elite who "preach, but do not practice" and "tie up heavy burdens, hard to bear, and lay them on the people's shoulders." (Matt. 23:3-4) He accused as hypocrites leaders who make token offerings yet "have neglected the weightier matters of the law: justice and mercy and faithfulness … Inside they are full of greed and self-indulgence." (Matt. 23:23,25)

In his final teaching before the events of Maundy Thursday and Good Friday began, Jesus embraced those who are oppressed and cautioned his disciples that acts of love and mercy are the measure of a heart touched by grace. "For I was hungry and you gave me food, I was thirsty and you gave me drink, I was a stranger and you welcomed me, I was naked and you clothed me, I was sick and you visited me, I was in prison and you came to me … Truly, I say to you, as you did it to one of the least of these my brothers, you did it to me." (Matt. 25:35-40)

In honor of the occasion, Congress will close its doors and lawmakers will head home to be with their constituents for the Easter recess. If inside reports are to be trusted, they will leave Washington "armed with excuses" that explain away the latest fiscal fiasco, and the people will have little to say in reply. I pray it isn't so. 

Rick Steves 08-30-2011

At Europe Through the Back Door, our tour program just sold its 11,782nd seat for our 2011 season -- topping our best tour sales year ever (2007). Despite our antsy stock market and doom-and-gloom news stories, it seems that our economy is gaining some confidence. And yet, at the same time, our local symphony and arts center are in financial crisis.

As a way to celebrate, to give back to my beautiful hometown of Edmonds, and to spark a little conversation about why a society as affluent as the USA is cutting education, neglecting our environment, and defunding the arts while our wealthy class is doing better than ever, I've decided to make a donation of $1 million (in $100,000-a-year payments over the next decade) to our local symphony and arts center. This sum represents the money I've gained in the 10 years since the Bush tax cuts for the richest Americans (those of us earning over $250,000 a year) took effect.

Elizabeth Palmberg 05-13-2011
As unemployment brought on by the recession still hovers around 9 percent, most ordinary folk in the U.S.
Edith Rasell 05-04-2010
As someone who lives in Cleveland -- which in some years is identified as the poorest city in the U.S.
Jim Wallis 03-01-2010
The banks must be sent a message: We find their behavior unacceptable.
Jim Wallis 02-17-2010
Sometimes things get so bad that you really don't know what to say or do. When that happens, it's a good time to fast and pray.
Rachel Anderson 02-04-2010

"Help us raise $10 million for Haiti!!!"

My friend Laura forwarded me this e-mail along with a note: "the subject line enticed me. Then I realized that it was a credit card offer."

Jim Wallis 02-01-2010

I have written a new book—one I didn’t plan to write, but which emerged as we responded to the economic crisis that has gripped the nation and the world.

Jim Wallis 02-01-2010

What have we learned from the financial crisis?

Sondra Haaga 01-27-2010

America, dominating the global economy, imports more goods than it exports. What is less tangible, but possibly more important, is how America exports its values to a rapidly interconnecting global society.

Rachel Anderson 01-01-2010

Congress must rein in abusive lending.

Becky Garrison 12-03-2009
The forthcoming documentary The End of Poverty? opens with the question "Why does poverty persist in a world of growing wealth?" Through a seri
Rachel Anderson 10-14-2009
After all the financial turmoil that 2009 has already brought, one would think that it would somehow be logical and practical to bring accountable reforms to the same banking institutions whose re

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