One figure concentrates the attention of Robert Edgar, chief executive of the National Council of Churches: $650,000. That’s the amount of cash the ecumenical organization must come up with every two weeks to meet payroll.
Members of the Baptist World Alliance’s executive committee, after hearing a sobering financial report detailing investment losses over the last year, agreed to slash the group’s 2009 budget by $900,000, or nearly 30 percent.
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