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Breaking News All | United Prayer | SA Center | SA Newsroom
FRONT PAGE  |  8/2/2021
Choice News TUESDAY, SEP 23, 2008  |  21 comments
With Wall Street in turmoil, some turn to religion
NEW YORK (Reuters) - As financial workers suffer through tumultuous times on Wall Street, some are turning to an old source of solace: religion.

Religious leaders said attendance was up at lunchtime meetings in New York's financial district last week, with many more people in business attire than usual.

That is hardly surprising, said Reverend Mark Bozzuti-Jones of Trinity Church Wall Street, given that people don't know if their employers will survive from one day to the next.


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www.reuters.com
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News Item9/29/08 8:12 PM
Lurker | USA  Protected NameFind all comments by Lurker
Well said, Christiana.
21

News Item9/29/08 10:50 AM
Christiana  Find all comments by Christiana
Lurker wrote:
If I may.... much like you and DJC49. Some of the strongest and most likeminded Christians I know came to their conversion (a real conversion by the will and operation of God) at an extremely desparate point in their lives and that includes me. As Jesus told Paul... "my strength is made perfect in weakness."
I think there has to be that "wrestling with the Lord," as Jacob did in Genesis 32.

"Then Jacob was left alone; and a Man wrestled with him until the breaking of day. Now when He saw that He did not prevail against him, He touched the socket of his hip; and the socket of Jacob's hip was out of joint. .

.And He said, "Let Me go, for the day breaks."

But he said, "I will not let You go unless You bless me!"

So He said to him, "What is your name?"

He said, "Jacob."

And He said, "Your name shall no longer be called Jacob, but Israel; for you have struggled with God and with men and have prevailed."

Even so, WE have a new name. . we are called:
"sons of God,"
"saints,"
"Christians,"
"Beloved,"
"Ambassadors of God,"
"the Redeemed,"
"Chosen,"
"His jewels when He makes up His Kingdom."

That's a good way to start the day!

To the Eternal God be all Glory and Honor and Praise!

20

News Item9/28/08 11:23 PM
Anti-antichrist | God's land  Find all comments by Anti-antichrist
These heathen are already religious! Now they are simply attempting to solicit the true God's assistance since their father the devil is failing them in this regard.
19

News Item9/28/08 11:15 PM
Lurker | USA  Protected NameFind all comments by Lurker
Aidan McDowell wrote:
How do you see it?
If I may.... much like you and DJC49. Some of the strongest and most likeminded Christians I know came to their conversion (a real conversion by the will and operation of God) at an extremely desparate point in their lives and that includes me. As Jesus told Paul... "my strength is made perfect in weakness."
18

News Item9/28/08 9:57 PM
Aidan McDowell | Las Vegas, Nevada  Contact via emailFind all comments by Aidan McDowell
DJC49: you certainly may, and thank you for your reply. Your addendum expresses an absolute truth, the consequences of which I have recently experienced firsthand. I've concluded that the only mistake we can make when adversity and misfortune overwhelm us is to fail to ask the question: "what am I supposed to be learning from all this?" God, being sovereign, draws His elect to Himself in more than one way. In fact, for many of us, He takes us the long way around. And if He chooses to do it this way, who is going to stop Him? When we view the process in retrospect, comparing where we've been with where we are, and perceiving the divine genius in bringing about what we could never have brought about by our own devices, then it's God who gets the glory, not we. Over time, I've grown rather skeptical of claims of instant conversion with absolute certainty that one has been "saved." I'm sure it happens that way for some people (the Apostle Paul was probably one), but not for all; perhaps not even for most.
How do you see it?
17

News Item9/28/08 2:15 PM
DJC49 | Florida  Contact via emailFind all comments by DJC49
Aidan McDowell wrote:
To "turn to religion" when things are in a state of disarray, hoping that religion will fix them is to treat God as a vending machine. It's always there when you need it, but doesn't obtrude itself into your affairs when you don't. In fact, this is an egregious affront to God. God doesn't exist for our convenience. Even now, we fail to ask the hard question: why are we in this sorry state to begin with? Etc.
An excellent post, Aidan McDowell.
But may I add this addendum? ...
Sometimes God uses the shattering of our lives, the collapse of "our" world around us, in order to get our attention back on the thing that really matters, namely, Him.
16

News Item9/28/08 11:19 AM
Aidan McDowell | Las Vegas, Nevada  Contact via emailFind all comments by Aidan McDowell
To "turn to religion" when things are in a state of disarray, hoping that religion will fix them is to treat God as a vending machine. It's always there when you need it, but doesn't obtrude itself into your affairs when you don't. In fact, this is an egregious affront to God. God doesn't exist for our convenience. Even now, we fail to ask the hard question: why are we in this sorry state to begin with? Even now, the temptation is to put our affairs in order, and then worry about religion later. Right now, we've got to "get on with our lives." We fail to understand that without God, we have no "life" to get on with. Absent redemption by grace, what we call "life" is little more than despair. We don't notice it, because most of the time we manage to immerse ourselves in distractions. When there are no distractions left, we are forced to confront the emptiness and sense of futility which has always been there. We THEN decide to turn to God, assuming that He will be there for us. But we shouldn't count on it. Scripture exhorts us to "seek the Lord while He may be found [and] call upon Him while He is near." This means in His time, not in ours. If we turn to Him one of these days and find that He's not available, we have no one to blame but ourselves.
15

News Item9/28/08 10:37 AM
rhymnrzn2zion | asluT  Contact via emailFind all comments by rhymnrzn2zion
"In The Shadow Of Egypt We Trust"

"Baal-out"

14

News Item9/27/08 10:12 AM
Mike Hammer | Isle of Langerhans  Find all comments by Mike Hammer
Religion = man's attempt to reach God.
Gospel = God's reaching man through Jesus Christ: "..while we were yet sinners, he died for us."
I pray that those people, "..dead in their trespasses and sins.." who think they are "turning to religion" will hear the Gospel, and the Holy Spirit will move within them to bring them to salvation.
13

News Item9/25/08 9:57 PM
A Populist Progressive  Find all comments by A Populist Progressive
Grandpa spent .02 (2 cents) for a Cup of Coffee;

Dad spent .20 (20 cents) for a Cup of Coffee;

I spend 2.00 (2 dollars) for a Cup of Coffee (at Starbucks);

My Son will spend 20.00 (20 dollars) for a Cup of Coffee TOMORROW;

AND

My Grandson will spend 200.00 (200 dollars) for a Cup of Coffee in The Next Generation !

12

News Item9/24/08 2:17 PM
RV | Kenosha  Find all comments by RV
Engineer
Thanks for the article!I found this article by Albert Mohler very interesting and thought it was well worth the read.
11

News Item9/24/08 12:13 PM
Neil | Tucson  Find all comments by Neil
The car industry is also going hat-in-hand to the Gummint, and at a time like this! Well, what's another $25bn?
[URL=http://www.iht.com/articles/2008/09/11/business/auto.php]]]US carmakers push for government loans[/URL]
I don't think the European or Japanese firms needed gov't loans to retool! High fuel taxes did the job there.

Once upon a time, American Motors (nee Nash/Hudson) was a domestic make that *did* emphasize economy models - theirs regularly won the Mobil Economy Run (q.v.). Yes, an oil company actually sponsored a fuel-economy contest!

33K, my theory is, the US, esp. for about a century now, has been to try to split the difference, Hegelian style, between socialism & free markets. "Third Way" didn't start with Clinton or Blair.

Before Buffett, there was J.P. Morgan, who stabilized the 1907 Panic.

10

News Item9/24/08 12:10 PM
33k  Find all comments by 33k
Mike wrote:
How about this shriek. ....
No important difference between soc,fas,com, is there?
Thanks Mike, I knew you wouldn't let me down.

Depends upon whether a thin veneer is an important difference or not I suppose ......

I think government should stay out of the financial markets except as a regulator. However, if they are going to intervene with massive dollars then frankly they should be purchasing, nationalising the companies they are baling out at current fair market value. Then breaking them up into smaller competitive companies and then floating them off again at a profit for the taxpayers benefit.

And the executive bonuses of the incumbent management should not be protected. And artifical profits should not be paid to these bankrupt financial institutions. That's fraudulent.

Alternatively, just leave it all to Warren Buffet to pick over the pieces ......

9

News Item9/24/08 9:21 AM
Mike | New York  Find all comments by Mike
33k wrote:
Well, this religious slant on Wall Street is all very well, and the item about those cruel Europeans ridiculing the US Money Meltdown all provide a nice 'alternative' view on current affairs.
But where are all the real news stories on the core issue?
And where are all the shrieking hysterical anti-SOCIALIST and anti-LIBERAL (sic) commenters when America and Sermonaudio really needs them?
---
Bush's grand Mussolini style bale out simply proves how shot the relatively unregulated system really is and the markets will continue to slide.
"The difference between fascism and communism is that in communism, the state owns everything outright; in fascism, a thin veneer of private ownership is maintained while the state exercises absolute control over industry."
How about this shriek. It would be better if the socialists would stay out of the salvation business. Why not let bad decisions have their results? You won't find them bailing individuals, or small businesses. Not enough control found there, not worth the effort.

What is true is this- the one group less competent to make business decisions than business, is government. Always in debt, never responsible.

No important difference between soc,fas,com, is there?

8

News Item9/24/08 8:12 AM
ENGINEER | USA  Find all comments by ENGINEER
[URL=http://albertmohler.com/blog_read.php?id=2550]]]A Christian View of the Economic Crisis[/URL]

"No economy is perfect, but the American economy remains a marvel. The present crisis is an opportunity to rethink some basic questions and restore trust. There are no easy ways out of a crisis like this, and no painless solutions. Yet, would you trade this system for any other?

This current crisis should also remind Christians that we are not called to be mere economic actors, but stewards. Everything we are, everything we do, and everything we own truly belongs to God and is to be at the disposal of Kingdom purposes. This world is not our home and our treasure is not found here. We are to do all, invest all, own all, purchase all to the glory of God.

Finally, this current economic crisis just might help Christians to focus on another issue -- retirement. Where in the Bible are we told to aspire to years and decades of leisure without labor? There is nothing wrong with saving for what the world calls retirement. Indeed, that is just good stewardship. Furthermore, there is nothing wrong with workers enjoying the fruit of their labor. But Christians should think of retirement as an opportunity to be redeployed for Kingdom service."

a better way- Gold Standard?

7

News Item9/24/08 3:40 AM
33k  Find all comments by 33k
Well, this religious slant on Wall Street is all very well, and the item about those cruel Europeans ridiculing the US Money Meltdown all provide a nice 'alternative' view on current affairs.

But where are all the real news stories on the core issue?
And where are all the shrieking hysterical anti-SOCIALIST and anti-LIBERAL (sic) commenters when America and Sermonaudio really needs them?

How nice of the US government to requisition another $700 billion and add to the US taxpayers debt.

Buying junk loans at full book value ! !
And now the US government's FBI is investigating the simply incompetent and negligent free-riding optimists for fraud. Quite astonishing hypocrisy.

Bush's grand Mussolini style bale out simply proves how shot the relatively unregulated system really is and the markets will continue to slide.

"The difference between fascism and communism is that in communism, the state owns everything outright; in fascism, a thin veneer of private ownership is maintained while the state exercises absolute control over industry."

Also, reminds me of the 1990's Tory bale out of the Lloyds insurance market. All of the millionaire investor Lloyds Names who signed up to "unlimited liability" and then pretended they "didn't understand what it meant". Disgusting.

6

News Item9/23/08 4:22 PM
Faithful Remnant  Find all comments by Faithful Remnant
Trusting a faulty man-made institution like the stock market will not be of much benefit to the peace of one's conscience.
5

News Item9/23/08 2:20 PM
Jesse | Wisconsin  Find all comments by Jesse
The Bush administration wants Congress to let it spend $700 billion to bail out banks struggling with toxic mortgage debt, the most sweeping effort yet to tackle the worst financial crisis since the Great Depression.

The move comes days after the Federal Reserve threw an $85 billion lifeline to American International Group and the Treasury took over housing finance firms Freddie Mac and Fannie Mae.

The $700 billion plan will increase the U.S. debt limit to $11.315 trillion, from $10.615 trillion.

The $700 billion is equal to:

* About $2,300 per American

* About $6,000 per U.S. household

* About 85 percent of the New York State economy

* The combined economies of all U.S. states beginning with the letter "A" -- Alabama, Alaska, Arizona and Arkansas -- plus Oklahoma.

4

News Item9/23/08 2:03 PM
KK | USA  Find all comments by KK
hidemi williges

............................................. A-men to that !!!

KK

3

News Item9/23/08 1:47 PM
hidemi williges | san francisco, ca  Contact via emailFind all comments by hidemi williges
KK,

We also need to add prison terms to the equation.

2
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