When Nora Nash of the Sisters of St. Francis met with executives from Goldman Sachs in New York, she had four demands: protect consumers, rein in executive pay, increase company transparency and remember the poor. The Sisters of St. Francis use moral suasion to influence corporate behavior. When the order decides to challenge a company's practices, it buys the minimum amount of stock needed to make resolutions at stockholder meetings. The sisters have discovered that corporate executives would rather meet with them privately than be confronted publicly. Jack Welch, former GE executive, even flew by helicopter to a convent in Pennsylvania in order to meet with the nuns (New York Times, November 12).
Nov 11, 2011
Americans continue to give the majority of their donations to the church and other religious organizations, according to a study by John and Sylvia Ronsvalle. In 2009, the most recent year studied, Americans gave 74 percent of their donations to religious institutions. Charities and other organizations received 21 percent and educational institutions received 3 percent. Per member giving, however, declined from 2008 to 2009 in constant dollars. The Ronsvalles believe that church members are not likely to increase giving toward institutional maintenance. To stimulate increased giving, church leaders need to convey a vision that engages people both inside and outside the congregation (The State of Church Giving through 2009, empty tomb, inc.).
Church too big to fail?
Nov 10, 2011
Megachurches in South Korea have become big business. The Yoido Full Gospel Church is the largest congregation in the world with over a million members. Cho Yong-gi, its founder and leader since 1958, has family enterprises that include newspapers and private universities. In late September an investigation was launched into Cho's finances on the basis of allegations from 29 church elders that he embezzled $20 million of church funds. A TV documentary claims that the money was used to buy real estate in the U.S. Cho also made a controversial statement following the recent Japan earthquake and tsunami, saying it was God's warning to a country known for "idol worship, atheism and materialism" (Economist, October 15).
Jews and OWS
Nov 10, 2011
An ad running on cable TV shows Occupy Wall Street protesters making anti-Semitic statements and holding up signs offensive to Jews. Kevin Healey points out that the ad is produced by the Emergency Committee for Israel, hardly an unbiased group. It was founded by neoconservative leader William Kristol and evangelical leader Gary Bauer. Other observers point out that the Occupy movement has involved many Jews. Columnists from the Jewish news source JTA said that the Occupy Wall Street protests have a Jewish flavor and are "becoming a fulcrum of Jewish ferment" (Scoop, November 3).
Nov 10, 2011
The world was stunned by the Rwandan genocide in 1994 in which the majority Hutu population tried to wipe out the Tutsis. Three years after the genocide a militia group attacked a secondary school at Nyange and ordered Tutsis and Hutus to form separate lines. The students refused, saying they were all Rwandans. The rebels responded by shooting indiscriminately, killing 13 students for their refusal to be divided along tribal lines (Emmanuel M. Katongole in Witness of the Body, edited by Michael L. Budde and Karen Scott, Eerdmans).