Members from more than 500 congregations marched in Charlotte, North Carolina, last October as part of the “10 Percent Is Enough” campaign. While conceding that careless spending is the chief cause of consumer debt and needs to be addressed, march organizers object to credit companies' enticing offers of easy credit, their increased interest rates and their profitable penalties. The "10 percent" campaign proposes a cap on interest rates.
For the second year in a row the state of South Carolina has sponsored a Second Amendment Weekend—popularly called “the extrava-gun-za.” For two days over the Thanksgiving weekend shoppers can buy handguns, rifles and shotguns—but not ammunition and accessories—without paying the state’s 9 percent sales tax.
By the time this issue of the magazine is in your hands, the fate of health-care reform may have been decided by Congress. The legislative process, like the proverbial production of sausage, is not neat or pretty. If a bill passes, it will not be all the Obama administration hoped for and it will be a lot more than the Republican opposition wants.
In early December, as President Obama was announcing that he was sending 30,000 more troops to Afghanistan, Greg Mortenson was releasing his book Stones into Schools, a followup to his 2006 best-seller Three Cups of Tea. Mortenson has logged more months in remote parts of Afghanistan and Pakistan than almost any other Westerner.
For many American Christians, the religious experience of modern Western Europe offers a dire warning. European church membership has been in free fall for a generation. Each new survey shows ever-growing numbers willing to proclaim themselves totally nonreligious.
Warren Buffett, the second wealthiest man in the world, likes to project an image of himself as a man who values responsible lending and affordable housing for people of modest means. A different picture is portrayed by Clayton Homes, the country’s largest builder and lender of manufactured housing, which was bought in 2003 by Berkshire Hathaway, the investment conglomerate controlled by Buffett. An investigation led by the Center for Public Integrity and the Seattle Times has discovered that the company engages in predatory loan practices and charges exorbitant interest rates and add-on fees, which trap many owners in homes they can’t afford that can’t be resold or refinanced (Center for Public Integrity, April 3).