Archive for the ‘Finances’ category

Holiday Sales Worst in 40 Years

December 25, 2008

The deals were there and, by most accounts, so were the shoppers. But at the close of the final holiday shopping weekend, consumers confessed they were still nervous about buying.

(more…)

Advertisements

In Hard Times, Many Churches Turn to Chapter 11 in Book of Bankruptcy

December 23, 2008

The auctioneer told the small crowd huddled outside the Talbot County Courthouse that the property would be sold “as is” — rectory, bell tower, oak pews and rose-tinted stained glass windows included.

(more…)

California Could be Broke in 2 Months If Budget Deal Not Made

December 23, 2008

arnold-schwarzenegger-560.jpgA California official is warning that the state will run out of money in about two months unless a budget deal is struck. State Controller John Chiang said Monday that his office could be forced to defer billions of dollars in payments or issue IOUs.

(more…)

Churches Stand to Lose Several Billion Dollars in Economic Downturn

December 2, 2008

church-top.jpgTens of millions of Americans have already suffered substantial financial losses in the wake of the sub-prime mortgage crisis and subsequent financial challenges. A new survey from The Barna Group shows that more than 150 million adults said they have been affected by the economic turbulence, and most of them expect it to take several years before the nation fully recovers. 

(more…)

Seminaries Tightening Belts Amid Crisis

December 2, 2008

When 85 new students enrolled this fall at Wartburg Theological Seminary in Dubuque, Iowa, the numbers were “beyond our wildest dreams,” said President Duane Larson. But the Lutheran school’s board, looking at a 35 percent drop in its endowment value and a similar decline in individuals gifts, also had to face up to stark financial realities.

(more…)

Faith, Hope and Financial Help: Churches Offer Classes as Members Grow Anxious

November 21, 2008

Last winter, Mary Evans was drowning in debt and despair. The 27-year-old Palatine native was emerging from a divorce. The mother of a 2-year-old child, Evans was $80,000 in student loan and credit card debt.

(more…)

Washington D.C.’s National Cathedral Cuts Jobs & Programs

November 20, 2008

w-national-cathedral.jpgWashington National Cathedral plans to slash its budget dramatically and lay off 30 percent of its staff to close a widening budget gap, leaders said yesterday.

(more…)