Showing posts with label MATERIALISM. Show all posts
Showing posts with label MATERIALISM. Show all posts

Wednesday, October 02, 2013

What is the TRUE HISTORY of Valentine's Day?

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Saturday, November 24, 2012

More buying and selling: Small Business Saturday

As if Black Friday wasn't enough:   


Small Business Saturday | November 24, 2012





Saturday, November 24, 2012 is Small Business Saturday® – a day to celebrate and support small businesses and all they do for their communities. Please join the SBA and organizations across the country in supporting your local small business by shopping at a small business.


Read more
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Sunday, January 01, 2012

An Oppressed Generation In Captivity!



Volume XXXI Issue I January 2012
Last Trumpet Ministries, PO Box 806, Beaver Dam, WI 53916

Fax: 920-887-2626 Internet: http://www.lasttrumpetministries.org/



"Lift up your eyes to the heavens, and look upon the earth beneath: for the heavens shall vanish away like smoke, and the earth shall wax old like a garment, and they that dwell therein shall die in like manner: but my salvation shall be for ever, and my righteousness shall not be abolished. Hearken unto me, ye that know righteousness, the people in whose heart is my law; fear ye not the reproach of men, neither be ye afraid of their revilings. For the moth shall eat them up like a garment, and the worm shall eat them like wool: but my righteousness shall be for ever, and my salvation from generation to generation."

Isaiah 51:6-8


"God hath not cast away his people which he foreknew. Wot ye not what the scripture saith of Elias? how he maketh intercession to God against Israel saying, Lord, they have killed thy prophets, and digged down thine altars; and I am left alone, and they seek my life. But what saith the answer of God unto him? I have reserved to myself seven thousand men, who have not bowed the knee to the image of Baal. Even so then at this present time also there is a remnant according to the election of grace."

Romans 11:2-5


"And shall not God avenge his own elect, which cry day and night unto him, though he bear long with them? I tell you that he will avenge them speedily. Nevertheless when the Son of man cometh, shall he find faith on the earth?"

Luke 18:7-8


"For yet a little while, and he that shall come will come, and will not tarry. Now the just shall live by faith: but if any man draw back, my soul shall have no pleasure in him. But we are not of them who draw back unto perdition; but of them that believe to the saving of the soul."

Hebrews 10:37-39


In this issue of the Last Trumpet Newsletter, we will closely examine the happenings of our day and thoughtfully consider the metamorphosis and progression from our past generations into the generation living on earth today. We are truly living in a time unlike any other point in history, and those who now comprise society are radically divergent from any societal composition of previous generations. We are now seeing the fruition of widespread social conditioning that has stripped our youth of the values that were once so cherished in America and have recently produced a generation of captives who are enslaved by a system designed to watch and control their every move.

Historians have adopted a traditional set of names for the modern generations of western history. For example, those who were born in the late 1800s and fought in the first world war are commonly known as the The Lost Generation. Generations following that time period were dubbed The Greatest Generation, The Silent Generation, The Baby Boom Generation, Generation X, Generation Y, and Generation Z.

Generation Z is typically regarded to consist of everyone born between 1994 and 2004. These young people are sometimes referred to as "Digital Natives" because they have always known and been immersed by technology. They often prefer to interact with friends and acquaintances online rather than face-to-face. They are known to hold little regard for privacy, and while they are adept at multitasking, the fast-paced acquisition of digital information and entertainment has left them with a highly diminished attention span. Psychologists refer to this condition as "acquired attention deficit disorder." (1)

The oldest members of Generation Z will soon be reaching the age of the majority. I cannot help but wonder if they will be the last generation to reach adulthood. Only God knows for certain, but considering that "Generation Z" was named after the final letter in the English alphabet, the possibility seems strikingly apropos.

In any case, those emerging in future generations, if the Lord will tarry and time remains, will likely be drastically different from any people who have ever inhabited the world in the past. However, God has promised that He will always have a remnant people from every generation. Those who heed the call of our Saviour will receive strength from God to withstand temptation and endure any trouble we may face in this world of turmoil and hostility. If you have not yet fully given your heart to God, I urge you to do so now.

A Very Dark "Black Friday"

Each year retailers around the United States attempt to entice shoppers to their stores on the day after Thanksgiving, also known as Black Friday, by offering deals they are hoping consumers will consider too good to pass up. With an economy still suffering the effects of the "Great Recession," a multitude of shoppers have grown desperate for bargains, and many stores have grown desperate to sell their merchandise. Traditionally, most stores open early in the morning on Black Friday. However, in 2011 many stores opened at midnight or even on Thanksgiving Day itself and transformed what is supposed to be a day to give thanks into a frenzied storm of consumerism. Some folks were so determined to obtain cheap televisions, laptop computers, and other merchandise that they chose to forgo Thanksgiving altogether, instead choosing to spend the day standing in line in front of stores. (2)

Sadly, the clamor for cheap goods seems to bring out the worst in people. On Thanksgiving night in Porter Ranch, California, a woman attacked fellow shoppers with pepper spray in order to gain an advantage over the crowd and obtain the items she wanted. One witness described the scene as follows, "People started screaming, pulling and pushing each other, and then the whole area filled up with pepper spray. I guess what triggered it was people started pulling the plastic off the pallets and then shoving and bombarding the display of games. It started with people pushing and screaming because they were getting shoved into boxes." (3)

Numerous other acts of violence occurred on Thanksgiving and Black Friday around the country. In San Leandro, California, a man was shot in the parking lot of a Walmart store on Thanksgiving night in an attempted robbery gone bad. (4) In Kingston, North Carolina, off-duty police officers working as security guards used pepper spray to subdue an unruly crowd at Walmart. (5) At another Walmart location in Myrtle Beach, South Carolina, a woman was shot in the foot as she was loading her merchandise into her car. (6) In South Charleston, West Virginia, a 61 year-old man collapsed at a Target store while shopping on Black Friday. The crowd, unfazed by the elderly man lying on the floor, stepped over and around him and continued to shop. The man eventually passed away. The tragic event caused a co-worker and friend of the deceased man to wonder, "Where is the good Samaritan side of people? How could you not notice someone was in trouble? I just don't understand if people didn't help what their reason was, other than greed because of a sale." (7)

The violent spirit which has been shown to engulf the crowds on Black Friday is very troubling to say the least. If we should reach a point in history wherein the United States economy fully collapses and people can no longer obtain what they want, the behavior of shoppers today is indicative of the angry mobs we would see in the future on a much larger scale.

It is also interesting to note that shoplifting is on the rise, having increased 6 percent in the year 2011 alone. The estimated loss to retailers is expected to be approximately 119 billion dollars. According to a report by Ad Week, one out of every eleven customers at stores is stealing merchandise and 75 percent of those thieves are adults. Speaking of the growing shoplifting problem, Johnny Custer, director of field operations for Merchant Analytic Solutions stated, "Most shoplifters simply succumb to temptation. But add a sense of desperation because of the economy and holiday pressures, and you have the recipe for theft soup." Remarkably, the two most commonly stolen items are filet mignon steak and Jameson whiskey. (8) It certainly seems that many Americans have forgotten the words of Jesus who warned us in Luke 12:15, "Take heed, and beware of covetousness: for a man's life consisteth not in the abundance of the things which he possesseth."

The Watchful Eye Of Big Brother!

In George Orwell's novel, Nineteen Eighty-Four, Orwell wrote of a totalitarian state that watched the people's every move through the use of telescreens. The people were always told, "Big Brother is watching you." Amazingly, the surveillance technology now in use in the United States far exceeds anything Orwell ever could have imagined.

In a recent case in Nelson County, North Dakota, Sheriff Kelly Janke went to a farm to look for six missing cows. The owners of the farm were uncooperative towards the sheriff and chased him off their property with rifles. In response, the sheriff called in an unmanned Predator B drone. The drone, which is equipped with high-resolution cameras, heat sensors, and radar, flew ten thousand feet over the farm while the sheriff and his officers watched live video on a hand-held 4-inch screen. When they determined that the suspects had finally disarmed themselves, a SWAT team moved in and arrested the men. Speaking of the drone, Sheriff Janke stated, "We don't have to go in guns blazing. We can take our time and methodically plan out what our approach should be." According to retired Air Force General, Michael C. Kostelnik, domestic usage of drones in the United States is not uncommon. In an interview Kostelnik stated that Predator drones are used "in many areas around the country, not only for federal operators, but also for state and local law enforcement and emergency responders in times of crisis." Others have warned that the use of drones for surveillance will likely increase. "Any time you have a tool like that in the hands of law enforcement that makes it easier to do surveillance, they will do more of it," said Ryan Calo, director for privacy and robotics at the Stanford Law School's Center for Internet and Society. He further went on to say, "This could be a time when people are uncomfortable, and they want to place limits on that technology. It could make us question the doctrine that you do not have privacy in public." (9)

Spy drones are not the only method of surveillance in use by the authorities in America. Surveillance cameras which are capable of reading license plates on cars and tracking drivers' movements are becoming increasingly common as well. The highest concentration of these cameras are in Washington, D.C., and the surrounding areas where 250 of them are constantly watching motorists. Police officers can enter any license plate number into their database, and if the vehicle in question has passed any of the cameras around the city, officers are instantly informed on where the cars have been and when they were there. Law enforcement officials have been gushing over the technology. "The new technology makes our job a lot easier and the bad guys' job a lot harder," said D.C. Police Chief Cathy Lanier. However, not everyone is enthusiastic about the technology. "It's big brother, and the question is, is it big brother we want, or big brother that we don't want? This technology could be used for good and it could be used for bad. I think we need a conversation about whether and how this technology is used. Who gets the information and when? How long before the information is deleted? All those questions need scrutiny," said Orin Kerr, a law professor at George Washington University. (10)

A report has now surfaced claiming that the Federal Bureau of Investigation, or FBI, has awarded a $524,972 contract to a Virginia-based company to record as much talk radio content as possible. "This doesn't give us any enhanced capability, prying into or any 'big brother' concerns because this is information that's being put out on the airwaves. It's very important to our investigators to know what's being reported," stated FBI spokesman Paul Bresson. (11) According to an article in the Daily Mail, the Department of Homeland Security has increased its monitoring of social networking sites such as Facebook and Twitter in order to monitor trends that may foreshadow an uprising in the United States. (12) It has also been announced that the Library of Congress will be receiving the entire archive of every public Twitter post ever made. (13) For those who do not know, Twitter is a popular website at which users can post short comments up to 160 characters long. These posts, which often contain details of its users' daily lives, are called "tweets." Twitter was heavily used to organize uprisings in places such as Tunisia and Egypt in recent times.

Software which is designed to track faces has now been developed and deployed in places such as malls and bus stations. One such software package is Intel's AIM Suite, which is used on digital signs equipped with facial detection software. If you view these digital advertisements, the technology can detect your approximate age and gender and customize the screen to show ads that it believes you would find interesting. Data is then sent to advertisers detailing how long a consumer was looking at an ad and how far away they are standing from the sign. (14) A company known as Affective Interfaces is hoping to take the technology a step farther and use facial recognition software to detect the emotions of its users. (15) It is also interesting to note that Google has developed a technology deemed so frightening that they decided not to release it. The software would have allowed users to take a picture of a person with their phone which would then compare it to a database and tell you who the person is. "We built that technology, and we withheld it. As far as I know, it was the only technology that Google built, and we decided to stop," said Eric Schmidt, Google's executive chairman. (16) Although Google has withheld this technology, it would not be surprising if it landed in the hands of our Big Brother government, assuming that it has not already.

I take comfort in the knowledge that ultimately God is in control. Yes, Big Brother is watching, but God is watching Big Brother. In Jeremiah 16:17 we read, "For mine eyes are upon all their ways: they are not hid from my face, neither is their iniquity hid from mine eyes."

Oppressive Legislation!

It is no secret that Barack Obama holds a great disdain for the Constitution of the United States. In an interview with Chicago Public Radio in 2001, Obama made the following statement regarding the Constitution, "I don't think the two views are contradictory to say that it was a remarkable political document that paved the way for where we are now and to say it also reflected the fundamental flaw of this country that continues to this day." (17) I have always considered it amazing that the people of the United States would elect a man who would denigrate the Constitution and then turn and swear on a Bible to uphold the principles of a document he considers to reflect a "fundamental flaw."

Sadly, the United States Congress has just passed the National Defense Authorization Act which effectively nullifies the Constitutional rights of Americans and allows them to be detained indefinitely by the military without due process if they are determined by the government to be terrorists or supporters of terrorism. Section 1031 of the bill contains the following text, "Congress affirms that the authority of the President to use all necessary and appropriate force pursuant to the Authorization for Use of Military Force includes the authority for the Armed Forces of the United States to detain covered persons pending disposition under the law of war. A covered person under this section is any person as follows: A person who planned, authorized, committed, or aided terrorist attacks that occurred on September 11, 2001 or harbored those responsible for those attacks. A person who was a part of or substantially supported al-Qaeda, the Taliban, or associated forces that engaged in hostilities against the United States or its coalition partners, including any person who has committed a belligerent act or has directly supported such hostilities in aid of such enemy forces." The bill further states that those meeting the above description could be subject to "detention under the law of war without trial until the end of the hostilities authorized by the Authorization for Use of Military Force." (18) Some folks have argued that the bill provides an exemption for American citizens in section 1032 which states, "The requirement to detain a person in military custody under this section does not extend to citizens of the United States." However, this section, which was intentionally worded in a vague manner, could be construed to mean that the United States military is not required to detain American citizens, but would still have the option of doing so.

Christopher Anders, senior legislative counsel at the liberal organization known as the American Civil Liberties Union, or ACLU, suggests that the vague exemption in section 1032 does not apply to section 1031 anyway. "The exclusion on Section 1032 only apples to 1032. It doesn't apply to 1031. And that only makes it worse, because any judge is going to say, 'Of course, members of Congress meant for American citizens to be detained because if they didn't, they would have put in the exception they put in one section later,'" Anders stated. (19) Those who wonder about the true intention of the provisions in the bill need to look no further than Senator John McCain of Arizona, who was cosponsor of the legislation. "I think that as long as that individual, no matter who they are, if they pose a threat to the security of the United States of America, should not be allowed to continue that threat," said McCain. (20) Senator Lindsey Graham of South Carolina, who strongly supported the bill, stated on November 17, 2011, "1031, the statement of authority to detain does apply to American citizens and it designates the world as the battlefield, including the homeland." (21)

A Global Economy At Risk!

For those of us here in the United States, we are painfully familiar with the poor economic conditions that have plagued this country over the last few years. Since 2008 Americans have suffered from high unemployment, stagnant wages, an increase in the cost of living, widespread poverty, and a plethora of other woes. The United States has suffered through hard times before, but with the slow pace at which this country is "recovering," many people have grown weary and hopeless. According to an article published by MSNBC, nearly half of all Americans are now living in poverty. Sheldon Danziger, a public policy professor at the University of Michigan, explained the dire situation as follows, "Safety net programs such as food stamps and tax credits kept poverty from rising even higher in 2010, but for many low-income families with work-related and medical expenses, they are considered too 'rich' to qualify. The reality is that prospects for the poor and the near poor are dismal. If Congress and the states make further cuts, we can expect the number of poor and low-income families to rise for the next several years." (22)

Unfortunately, the United States is not the only region of the world suffering from poor economic conditions. In Europe, the unemployment rate for youth is 46 percent in Spain, 43 percent in Greece, 32 percent in Ireland, and 27 percent in Italy. (23) As of September 2011, Portugal, Ireland, Italy, Greece, and Spain had accumulated over three trillion Euros worth of debt. (24) The situation has grown particularly precarious for Italy, which will need to sell more than 30 million Euros worth of bonds by the end of January 2012, or face a possible default on their debt. (25) Fearful over the economic uncertainty in Europe, many corporations have been moving their funds out of the European banking system. "We are starting to witness signs that corporates are withdrawing deposits from banks in Spain, Italy, France and Belgium. This is a worrying development," stated an analyst at Citi Group. (26) There is also an ongoing run on the banks in Greece. At the beginning of 2010, Greek banks held 237.7 billion Euros on deposit. By the end of 2011, that amount had fallen by 49 billion Euros. (27)

The economic crisis in the Eurozone is a cause of great alarm for many. According to a report by The Telegraph, the British military is now working on strategy to cope with a potential "global financial crash." (28) General Martin Dempsey, a top United States military commander, has also expressed worry over the possible collapse of the European economy. "I know that they've taken some measures here with the 17 members of the eurozone to try to better align... monetary and fiscal policy. But it's unclear, to me at least, that that will be the glue that actually holds it together," Dempsey said. Much of his concern is for the 80,000 US troops and 20,000 American civilian workers living in Europe. (29)

The Stirrings Of War!

The potential for war in Iran has continued to grow over the last few months. The constant back-and-forth rhetoric between Israel and Iran has left many people wondering if a war between the two nations is imminent. According to a recent news report, the Supreme Leader of Iran, Ayatollah Ali Khamenei, has ordered his military to prepare for war. In response to these orders, military officials have redistributed long-range Shahab missiles to secret sites throughout the country. Their air force has also formed "rapid reaction units," which have been carrying out exercises. (30) Iran has also added three new submarines to its naval fleet. (31) Additionally, Iran has begun to prepare to move its nuclear facilities underground in an effort to protect them from military attacks. (32) Another news report has claimed that hundreds of North Korean scientists are presently in Iran assisting them in the development of their nuclear capabilities. (33)

In a further development, the United States military suffered an embarrassing loss of property after Iranian forces successfully captured an RQ-170 Sentinel spy drone. The drone, which is worth six million dollars, was called a "significant loss" by defense journalist Robert Densmore. "These Sentinels are pretty rare technology still, and to have one in such good condition, to be lost to a potential adversary like this, is pretty significant, especially because Iran has open ties to Russia and has been courted by China," Densmore said. (34) Speaking of the lost drone, former U.S. Vice President Dick Cheney stated that Obama should have responded with a quick airstrike against Iran. (35) Instead, Obama decided to simply ask for the drone back. Regarding Barack Obama's request to Iran, Secretary of State Hillary Clinton said, "Given Iran's behavior to date, we do not expect them to comply." In response, Iran mocked Obama, stating that he "begs [us] to give him back his toy plane." (36)

Tensions between the allies of Israel and the supporters of Iran have only continued to increase as we enter the new year. U.S. Defense Secretary Leon Panetta has now stated that the United States will not allow Iran to develop a nuclear weapon and will do whatever is necessary to prevent it. "The United States does not want Iran to develop a nuclear weapon. That's a red line for us and that's a red line [and] obviously for the Israelis. If we have to do it, we will deal with it," Panetta declared. (37) Could a war with Iran actually lead to World War III as many people fear? According to the state-controlled Iranian news outlet PressTV, Chinese Major General Zhang Zhaozhong recently made this shocking statement, "China will not hesitate to protect Iran even with a third world war." (38)

In closing, I know the year of 2011 was certainly very tumultuous, and 2012 has the potential to be even more intense. In fact, recent current events inspired one journalist to write, "With elections and leadership changes in the most powerful countries, Europe in crisis, ferment in the Middle East, and worsening economic hardship driving unrest and discontent everywhere, 2012 could be just as volatile as 2011 if not worse." (39) We need our Saviour now more than ever, and as we draw closer to His return, we will continue to obey His command to watch and pray. I wish to thank all of you who support this ministry. We at Last Trumpet Ministries consider it an honor and a privilege to serve you, and we will continue to do so for as long as we are able. Please remember to mail us your completed renewal form if you have not yet done so. If you have any prayer requests, please do not hesitate to send them our way. Each request is given individual attention by our intercessors. Grace and peace be unto you in the name of the Lord Jesus Christ.


Samuel David Meyer



Acknowledgements

01. Elderly Journal, http://www.elderlyjournal.com/generation/generation-z/Characteristics-Of-Generation-Z.html.

02. The Washington Times, November 25, 2011, By Tim Devaney, http://washingtontimes.com.

03. Los Angeles Times, November 25 2011, By Andrew Blankstein, Shan Li, Hailey Branson-Potts, and Dana Castellanos, http://latimes.com.

04. Reuters News Service, November 26, 2011, By Barbara Goldberg, New York, NY.

05. Ibid.

06. Ibid.

07. WSAZ News, November 25, 2011, By Andrew Colgrove, South Charleston, WV.

08. Shine, December 2, 2011, By Joanna Douglas, http://shine.yahoo.com.

09. Los Angeles Times, December 10, 2011, By Brian Bennett, Washington, D.C.

10. The Washington Post, November 19, 2011, By Allison Klein and Josh White, http://washingtopost.com.

11. WMAL AM 630 News, By Mark Weaver, http://wmal.com.

12. The Daily Mail, November 1, 2011, By Daily Mail Reporter, http://dailymail.co.uk.

13. Federal News Radio, December 7, 2011, By Michael O'Connell, http://federalnewsradio.com.

14. CNN Money, December 13, 2011, By David Goldman, http://money.cnn.com.

15. Ibid.

16. CNN, June 1, 2011, By Mark Milian, Rancho Palos Verdes, California.

17. YouTube Video, http://youtube.com./watch?v=11OhmY1obS4.

18. S.1867 - National Defense Authorization Act for Fiscal Year 2012, http://thomas.loc.gov.

19. The Progressive, November 30, 2011, By Matthew Rothschild, http://theprogressive.org.

20. Ibid.

21. Ibid.

22. MSNBC, December 15, 2011, By Associated Press, Washington, D.C.

23. The Telegraph, October 16, 2011, By Ambrose Evans-Pritchard, http://telegraph.co.uk.

24. CNBC, September 12, 2011, By Patrick Allen, http://cnbc.com.

25. The Telegraph, November 25, 2011, By James Kirkup, http://telegraph.co.uk.

26. The Economist, November 23, 2011, By The Economist, London, UK.

27. Der Spiegel, December 6, 2011, By Ferry Batzoglou, Athens, Greece.

28. The Telegraph, December 14, 2011, By James Kirkup, http://telegraph.co.uk.

29. BBC News, December 9, 2011, By BBC News, http://bbcnews.co.uk.

30. The Telegraph, December 5, 2011, By Con Coughlin, http://telegraph.co.uk.

31. The Jerusalem Post, November 26, 2011, By Yaakov Lappin, http://jpost.com.

32. Reuters News Service, December 14, 2011, By Fredrik Dahl, Vienna, Austria.

33. Arutz Sheva, December 19, 2011, By Tzvi Ben Gedalyahu, http://israelnationalnews.com.

34. The Christian Science Monitor, December 9, 2011, By Scott Peterson, http://csmonitor.com.

35. Salon.com, December 13, 2011, By Joan Walsh, http://salon.com.

36. Arutz Sheva, December 13, 2011, By Tzvi Ben Gedalyahu, http://israelnationalnews.com.

37. Arutz Sheva, December 20, 2011, By Tzvi Ben Gedalyahu, http://israelnationalnews.com.

38. PressTV, December 4, 2011, By PressTV, http://presstv.ir.

39. Reuters News Service, December 15, 2011, By Peter Apps, London, UK.



Special Note: A new tribute website for Pastor David J. Meyer can now be accessed at http://pastormeyer.org.



Comments regarding this newsletter or topic suggestions may be submitted to editor@lasttrumpetnewsletter.org.

If you would like to submit a prayer request, you may send email to prayer@ltmmail.org or mail it to our postal address.

Sunday, December 25, 2011

The Pope mentions the commercialization of Christmas



Uploaded by telegraphtv on Dec 25, 2011

The Pope decried the increasing commercialisation of Christmas as he celebrated Christmas Eve Mass on Saturday night, urging the faithful to look beyond the holiday's "superficial glitter" to discover its true meaning.



Monday, December 27, 2010

Jesuit James Martin talks about Christmas Consumerism on Fox Morning Show



December 21st, 2010

This morning, Jesuit Father James Martin, cultural editor for America magazine and author of The Jesuit Guide to (Almost) Everything, appeared on the Fox & Friends show to discuss if the true meaning of Christmas is being lost due to consumerism and the focus on shopping in our society. Father Martin said during the program that “people feel really overwhelmed by the consumerism and they have a hard time carving out a spiritual space for Christmas”. During the interview, Martin discussed how using overtly Christian themes like “believe”, which are associated with Christmas and are now just being used to market goods, disassociates the religious aspects of the holiday.

You can watch the interview with Martin here.


Source
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Wednesday, December 01, 2010

The Madness of a Lost Society

Author: Mac Slavo- November 29th, 2010


If what happened on Friday across America is any indication of the condition of the America populace, then our very foundations are built of sand. May God forgive us for what we’ve become and for what we’ve allowed to happen to our nation. And may those of us with the courage and sense to do it renounce this behavior and the monstrous marketing ploy that is black Friday, in it’s entirety.

SGTbull07 - Micro Film Producer



On Black Friday, when we referred to the biggest shopping day of the year as America’s Running of the Bulls, we found that many of our readers agreed. In the video below, director SGTbull07 points out what many of you said - that the majority of those rushing the door of retailers around the country to further enslave themselves in debt for inferior Chinese made knock offs have no realistic perception of what is actually happening in America. And while everyone can appreciate a good deal on products that we need, the fact that tens of thousands of people literally spent days camping outside of stores to save $100 on a TV or $50 for a video game system is a starkly frightening reminder that our entire economic and social system is driven by nothing but consumerism and delusions of grandeur.

A perfect example is “Cyber Monday” which by all accounts is nothing more than a corporate propaganda ploy. If you happened to be watching or listening to the news this morning, you undoubtedly heard about Cyber Monday as being the biggest shopping day of the year, with 90% of online retailers reportedly slashing prices to take advantage of the digital version of consumers rushing through the doors.

What you probably didn’t hear is the history of Cyber Monday and its origins. Nor did anyone tell you about that often touted 90% statistic.

Surprisingly, CNN gives us the facts on why Cyber Monday is mostly a myth:


Five years ago, Shop.org published a press release:

“While traditional retailers will be monitoring store traffic and sales on Black Friday (the day after Thanksgiving), online retailers have set their sights on something different: Cyber Monday, the Monday after Thanksgiving, which is quickly becoming one of the biggest online shopping days of the year.”

Ta-dah! The term “Cyber Monday” was born.

The only problem: It’s mostly a marketing gimmick, according to consumer electronics experts and an online metrics tracker.

Cyber Monday has never been the biggest day of the year for online retail sales, said Andrew Lipsman, director of industry analysis at comScore, a company that monitors internet traffic.


Shop.org, which coined the term “Cyber Monday” and operates a retail website called CyberMonday.com, says nine in 10 online retailers are offering Cyber Monday deals this year. But read the fine print and that statistic loses some of its shine. That data is based on a survey of 51 online retailers, and the majority of those said to be offering Cyber Monday deals aren’t targeting the Monday after Thanksgiving specifically. Only 21 of the 51 retailers surveyed on behalf of Shop.org are offering one-day Cyber Monday sales.

Now we know the real story behind “Cyber Monday.”

Watch The Madness of a Lost Society:




Hat tip GoldenFoxx

Author: Mac Slavo
Date: November 29th, 2010
Visit the Author's Website:
http://www.SHTFplan.com/

Source
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Saturday, December 27, 2008

Protestant and Catholic leaders in Germany warn against materialism


Judy Dempsey
Published: December 26, 2008


BERLIN: Leaders of Germany's Protestant and Catholic churches warned Friday that "money has become God" and called for a return to nonmaterialistic values and urged bank managers to be more prudent during their Christmas messages.


Bishop Wolfgang Huber, who represents 25 million Protestants in Germany, criticized the strong profit-driven focus and "culture of greed" of individual bank managers and executives, and even named Josef Ackermann, chief of Deutsche Bank, as an example.


Banks needed to give more priority to "sustainable value-building" rather than to short-term financial gain and hefty bonuses for its managers, Huber said.


"Money has become akin to God in the current situation," Huber told daily Berliner Zeitung.


Referring to Ackermann, one of Germany's most highly-paid bankers who this month said Deutsche Bank's investment banking businesses would generate a return on equity of 20 to 25 percent after the end of the current financial turmoil, Huber was very critical.





"Never again will a Deutsche Bank CEO set a target of 25 percent on equity returns," warning that it would create expectations that would grow larger and could never be fulfilled. He asked managers to be more prudent and forgo large bonuses."


Cardinal Joachim Meisner, the Catholic Archbishop of Cologne, said a banker was "the custodian for money that doesn't belong to him and with which he has to work said Wednesday .


"It's devastating that this ethos can simply disappear and that people can trade with things that don't exist."



Monday, October 13, 2008

A £516 trillion derivatives 'time-bomb'


Not for nothing did US billionaire Warren Buffett call them the real 'weapons of mass destruction'



By Margareta Pagano and Simon EvansSunday, 12 October 2008


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The market is worth more than $516 trillion, (£303 trillion), roughly 10 times the value of the entire world's output: it's been called the "ticking time-bomb".
It's a market in which the lead protagonists – typically aggressive, highly educated, and now wealthy young men – have flourished in the derivatives boom. But it's a market that is set to come to a crashing halt – the Great Unwind has begun.
Last week the beginning of the end started for many hedge funds with the combination of diving market values and worried investors pulling out their cash for safer climes.
Some of the world's biggest hedge funds – SAC Capital, Lone Pine and Tiger Global – all revealed they were sitting on double-digit losses this year. September's falls wiped out any profits made in the rest of the year. Polygon, once a darling of the London hedge fund circuit, last week said it was capping the basic salaries of its managers to £100,000 each. Not bad for the average punter but some way off the tens of millions plundered by these hotshots during the good times. But few will be shedding any tears.



The complex and opaque derivatives markets in which these hedge funds played has been dubbed the world's biggest black hole because they operate outside of the grasp of governments, tax inspectors and regulators. They operate in a parallel, shadow world to the rest of the banking system. They are private contracts between two companies or institutions which can't be controlled or properly assessed. In themselves derivative contracts are not dangerous, but if one of them should go wrong – the bad 2 per cent as it's been called – then it is the domino effect which could be so enormous and scary.


Most markets have something behind them. Central banks require reserves – something that backs up the transaction. But derivatives don't have anything – because they are not real money, but paper money. It is also impossible to establish their worth – the $516 trillion number is actually only a notional one. In the mid-Nineties, Nick Leeson lost Barings £1.3bn trading in derivatives, and the bank went bust. In 1998 hedge fund LTCM's $5bn loss nearly brought down the entire system. In fragile times like this, another LTCM could have catastrophic results.
That is why everyone is now so frightened, even the traders, who are desperately trying to unwind their positions but finding it impossible because trading is so volatile and it's difficult to find counterparties. Nor have the hedge funds been in the slightest bit interested in succumbing to normal rules: of the world's thousands of hedge funds only 24 have volunteered to sign up to a code of conduct.


Few understand how this world operates. The US Federal Reserve chairman, Ben Bernanke, tapped up some of Wall Street's best for a primer on their workings when he took the job a few years ago. Britain's financial regulator, the Financial Services Authority, has long talked about the problems the markets could face on the back of derivative complexity. Unfortunately it did little to curb the products' growth.
In America the naysayers have been rather more vocal for longer. Famously, Warren Buffett, the billionaire who made his money the old-fashioned way, called them "weapons of mass destruction". In the late 1990s when confidence was roaring in the midst of the dotcom boom, a small band of politicians, uncomfortable with the ease with which banks would be allowed to play in these burgeoning markets, were painted as Luddites failing to move with the times.
Little-known Democratic senator Byron Dorgan from North Dakota was one of the most vociferous refuseniks, telling his supposedly more savvy New York peers of the dangers. "If you want to gamble, go to Las Vegas. If you want to trade in derivatives, God bless you," he said. He was ignored.


What is a Derivative?
Warren Buffett, the American investment guru, dubbed them "financial weapons of mass destruction", but for the once-great-and-good of Wall Street they were the currency that enabled banks, hedge funds and other speculators to make billions.
Anything that carries a price can spawn a derivatives market. They are financial contracts sold to pass on risk to others. The credit or bond derivatives market is one such example. It is thought that speculation in this area alone is worth more than $56 trillion (£33 trillion), although that probably underestimates the true figure since lax regulation has seen the market explode over the past two years.
At the core of this market is the credit derivative swap, effectively an insurance policy against the default in the interest payment on a corporate bond. One doesn't even need to own the bond itself. It is like Joe Public buying an insurance policy on someone else's house and pocketing the full value if it burns down.
As markets slid into crisis, and banks and corporations began to default on bond payments, many of these policies have proved worthless.
Emilio Botin, the chairman of Santander, the Spanish bank that has enjoyed phenomenal success during the credit crunch, once said: "I never invest in something I don't understand." A wise man, you may think.



Simon Evans


Source: http://www.independent.co.uk/news/business/news/a-163516-trillion-derivatives-timebomb-958699.html

Wednesday, September 17, 2008

The Highest Paid CEOs in 2008

By Zul

• Jul 17th, 2008

The latest list of America’s Highest Paid CEOs in 2008 saw Steve Jobs, who was ranked first in 2007 dropped his place to a shocking 120th, after a restructuring of stock grants in his company Apple.

Larry Ellison of Oracle Corporation, who tops the new list, earned a massive US$192 million for the year 2007, on top of over 20 million shares he owns.

Larry founded Oracle in 1977, which started its first database project for the CIA agency with only $2,000 investment and has been the CEO for more than 30 years.

Apart from being the highest paid executive, Larry also has a net worth of US$18.4 billion, making him as the 14th richest men in the world at the moment. He is also publicly known for his extravagant life style, owning expensive boats, a private jet, cars and lives in a US$200 million dollar house.

Among other notable presence in the top 20 include Howard Schultz (Starbucks), Lloyd Blankfein (Goldman Sachs), Richard Fuld (Lehman Brothers), Steven Burd (Safeway) and John Chambers (Cisco).

The top 20 highest paid CEOs, and their companies:

1. Larry Ellison, Oracle (US$192 million)

oracle

2. Frederic M Poses, Trane (US$127 million)

3. Aubrey K McClendon, Chesapeake Energy (US$117 million)

4. Angelo R Mozilo, Countrywide Financial (US$103 million)

5. Howard D Schultz, Starbucks (US$98.6 million)

6. Nabeel Gareeb, MEMC Electronic Mats (US$79.6 million)

7. Daniel P Amos, Aflac (US$75.2 million)

8. Lloyd C Blankfein, Goldman Sachs (US$73.7 million)

9. Richard D Fairbank, Capital One Financial (US$73.2 million)

10. Bob R Simpson, XTO Energy (US$72.3 million)

11. Richard S Fuld Jr, Lehman Brothers (US$71.9 million)

12. Steven Roth, Vornado Realty (US$71.9 million)

13. Marijn E Dekkers, Thermo Fisher, (US$69 million)

14. Steven A Burd, Safeway (US$67.2 million)

15. Gregg L Engles, Dean Foods (US$66.1 million)

16. Nicholas D Chabraja, General Dynamics (US$60 million)

17. Leslie H Wexner, Limited Brands (US$56.1 million)

18. David C Novak, Yum Brands (US$55 million)

19. John T Chambers, Cisco Systems (US$54.8 million)

20. William R Berkley, WR Berkley (US$55 million)

Other posts you may want to read:

  1. 15 Highest Paid Young CEOs in US
  2. Medical Has The Highest Paying Jobs in America
  3. How Much The Highest Paid TV Actor Earns?
  4. Cameron Diaz The Highest Paid Actress
  5. Highest Paid Women CEOs

Source: http://skorcareer.com.my/blog/the-highest-paid-ceos-in-2008/2008/07/17/

Tuesday, December 04, 2007

SHOPPING TRADITION DRIVES U.S. ECONOMY

A19opline24

Shopping tradition drives U.S. economy

Dale McFeatters, Scripps Howard News Service, in an editorial: "After Thanksgiving comes Black Friday, so described not out of some sense of gloom or despondency but because that's when the ink on retailers' ledgers goes from red to black as shoppers hit the stores prepared to spend an estimated $457 billion between Thanksgiving and New Year's. And this year the retailers are gracing us with Cyber Monday, the ceremonial start to the online shopping season, according to the National Retail Federation. ... Online holiday season sales were more than $27 billion last year, not a market the retailers are going to ignore. ... Holiday shopping accounts for almost 20% of annual sales. ... Those big numbers are why the holiday season is of such interest to economic analysts. ... Some of the more fastidious might be discomfited by this annual exercise in consumption and materialism, but consumer spending is the engine that drives the American economy from which so many benefits flow."

(Thanksgiving’s barely over but ... Macy’s Christmas window displays are decked in Manhattan. / By Mark Lennihan, AP)

Joseph Busler, columnist, in the Courier-Post, Cherry Hill, N.J.: "Black Friday used to mean the busiest shopping day of the year. It was. But no more. ... While Black Friday usually ranks in the top five, for years the busiest shopping days have been the Saturday before Christmas, the Saturday before that, and so on. ... Online sales are eating up market share, and the online world isn't big on one-day sales. Also, savvy consumers have learned that the best discounts are closer to the end of the season than the beginning. Those factors — combined with the fact that hassled, time-crunched, two-income families are more likely to procrastinate and to shop on weekends — are why Black Friday is more a shade of gray these days."

Cathy Sorbo, columnist and comedian, Seattle Post-Intelligencer: "It's a widely known fact that retailers wheel out their holiday 'cheer' earlier and earlier each year, but when I saw Christmas stuff in stores before Halloween, I knew I was going to have to buckle up for a long and painful pre-holiday extravaganza. Nothing makes me crankier than an army of retailers cramming Christmas down my throat well before Thanksgiving. ... There is a name for this phenomenon, and its name is Holiday Creep. ... The last thing I want to do on the day after Thanksgiving (or ever) is wait in line at way-too-early o'clock to enter a Target store. I like Target, and I love to shop, but not enough to set my alarm for it. ... Happy shopping, gang. I'll be sleeping."

Lisa Monti, business editor, in a column in The Sun Herald, Biloxi, Miss.: "Friday may look like the biggest shopping day of the year, but it probably won't be at the cash register. ... The day after Thanksgiving, better known as Black Friday, is impossibly crowded to be sure, but for about the last 10 years the busiest shopping day in terms of sales has been the last Saturday before Christmas. Can you say procrastinate? ... A more modern phenomenon is Cyber Monday ... when computerized shopping kicks into warp speed. The National Retail Federation crunched the numbers and found that last year, the average shopper spent $421.30 on gifts for family members, $78.99 on gifts for friends, $21.05 on co-workers' gifts, and $44.16 on other gifts."

The Evening Sun, Hanover, Pa., in an editorial: "Call us traditionalists, but it seems to us that our society has forgotten how to celebrate the holidays. Instead, we have let the need (or is it greed?) to simply get to the holiday take us over. ... Even the names we give days during the holiday taint them. Black Friday. Sounds like we should all be in mourning. ... Even the NFL has sold out. ... Three games on Thanksgiving — bite your tongue. ... Why not take some time this year to do it differently? Give each of these two special holidays their due. Take time to be thankful for everything that we have before running out to buy more. Remember, many of our sons and daughters and friends are still on foreign soil this Christmas. ... No matter how and where you choose to celebrate this holiday season, turn those calendar pages one at a time and enjoy."

Tuesday, November 06, 2007

SENATE PROBES '6 TOP TELEVANGELISTS'

Senate Panel Probes 6 Top Televangelists

Sen. Charles Grassley Asks Ministries To Turn Over Financial Records Within One Month

Senator Charles Grassley, the ranking Republican on the Senate Finance Committee, has asked six televangelist ministries to provide, by Dec. 6th, financial statements and records for an investigation into possible impropriety. (AP)






(CBS) This story was written and reported by Laura Strickler of the CBS News Investigative Unit.



CBS News has learned Sen. Charles Grassley of Iowa, the ranking Republican on the Senate Finance Committee, is investigating six prominent televangelist ministries for possible financial misconduct.

Letters were sent Monday to the ministries demanding that financial statements and records be turned over to the committee by December 6th.

According to Grassley's office, the Iowa Republican is trying to determine whether or not these ministries are improperly using their tax-exempt status as churches to shield lavish lifestyles.

The six ministries identified as being under investigation by the committee are led by: Paula White, Joyce Meyer, Creflo Dollar, Eddie Long, Kenneth Copeland and Benny Hinn. Three of the six - Benny Hinn, Kenneth Copeland and Creflo Dollar - also sit on the Board of Regents for the Oral Roberts University.

A spokesperson for Joyce Meyer Ministries provided CBS News with an IRS letter to the ministry dated October 10, 2007, that stated: "We determined that you continue to qualify as an organization exempt from Federal income tax." The letter could not be independently verified in time for this story. The ministry also pointed to audited financial statements for the last three years that are posted on the organization's Web site.

In a statement, Benny Hinn's spokesperson, Ronn Torossian, said the ministry was in the process of determining the best course of action in response to the Senate investigation. "World Healing Center Church complies with the laws that govern church and non-profit organizations and will continue to do so," Torossian wrote.

In a statement to CBS News, Creflo Dollar called his ministry an "open book" and said he would comply with any "valid request" from Grassley. But he noted that the inquiry raised questions that could "affect the privacy of every community church in America."

The other three ministries did not respond to requests for comment from CBS News on Monday.

Because they have tax status as churches, the ministries do not have to file IRS 990 forms like other non-profit organizations - leaving much financial information largely behind closed doors.

The letters sent Monday were the culmination of a long investigation fueled in part by complaints from Ole Anthony, a crusader against religious fraud who operates the Dallas-based Trinity Foundation, which describes itself as a watchdog monitoring religious media, fraud and abuse. "We've been working with them for two years," Anthony told CBS News. "We have furnished them with enough information to fill a small Volkswagen."

Anthony said after twenty years of working with media organizations to expose televangelists, he saw little reform. He says that's why he turned to another tactic, going straight to Grassley. He is confident that Grassley's inquiry will be different, "What we hope is that this will lead to reform in religious nonprofits."

The structure of many televangelist organizations - in which the leadership is often concentrated in one person or one family - has itself been the target of criticism. "Churches like these are ruled as a dictatorship," says Rod Pitzer, who directs research at Ministry Watch in North Carolina, which provides advice for donors to Christian organizations.

Pitzer welcomes the Senate committee investigation. Ministries lacking accountability, he says, "give a black eye to churches and Christians who are trying to do things in the right manner."


Monday, CBS News recieved statements of response from two of the ministries under investigation. They are as follows:

“Bishop Long has received the request for information from the US Senate, he plans to fully comply. New Birth Ministries has several safeguards put in place to ensure all transactions are in compliance with laws applicable to churches.” - New Birth Ministries

“We take our financial responsibilities to our partners very seriously and to the best of our knowledge we comply with all tax laws. Our audited financial statements appear on our website. However, we are concerned about the possible precedent and ramifications of this request. We will be reviewing the request and its implications in detail over the coming weeks as we prepare our response.” - Paula White


Saturday, November 03, 2007

"TOTAL LIFE PROSPERITY"


Preaching a Gospel of Wealth in a Glittery Market, New York

Published: January 15, 2006

It is time to pass the offering buckets at World Changers Church New York, and Troy and Cheryal Anderson are eager to give the Lord his due. They wave their blue offering envelope overhead, as all around them worshipers whoop and holler their praises to God.

Skip to next paragraph
Ting-Li Wang/The New York Times

The Rev. Creflo A. Dollar Jr. teaches "total life prosperity."

Inside the envelope is 10 percent of the weekly pay Mr. Anderson takes home as an electrician's apprentice - he earns about $30,000 a year - and a little more for the church's building fund.

The Andersons, who live in the Bronx, are struggling financially. A few weeks ago, the couple, who have two young children, had no money to buy groceries. But they believe what their pastor, the Rev. Creflo A. Dollar Jr., said on this recent Saturday night about the offering time: "It's opportunity for prosperity."

"Remember," said Mr. Dollar, a familiar figure across the country because of his "Changing Your World" television show and best-selling books, "if you sow a seed on a good ground, you can expect a harvest."

Mr. Dollar, whose Rolls-Royces, private jets, million-dollar Atlanta home and $2.5 million Manhattan apartment, furnish proof to his followers of the validity of his teachings, is a leading apostle of what is known as the "prosperity gospel."

It is a theology that is excoriated in many Christian circles but is becoming increasingly visible in this country, according to religious scholars. Now, it is beginning to establish a foothold in New York City, where capitalism has long been religion.

Mr. Dollar - his real name - is the most prominent among a host of prosperity preachers that have put down roots in the city. He is quick to insist that he warns Christians to "love God, not money" and teaches "total life prosperity," meaning prosperity not only in finances but in everything from health to family life.

"Money by itself cannot define prosperity," Mr. Dollar said in a recent phone interview. "When you say, 'prosperity,' people think money. They are not incorrect, but they are incomplete."

Asking the faithful to donate is a part of virtually all religions. Outside of Christianity, Muslims pay zakat, and Jewish synagogues have membership dues. Conservative Protestants see tithing - offering a portion, usually a tenth, of one's income back to God and the church - as a biblical mandate.

Many Catholic churches suggest that tithing be divided between the local church and a charity of their choice. Most teach that believers can trust God to take care of their needs.

It is the connecting of religious faithfulness, especially in giving, to material riches that causes many Christians, including other evangelicals, to accuse prosperity teachers of verging on heresy.

"There's no question that almost every Christian leader - reformed, Pentecostal, however you want to call it - sees it as a blight on the face of Christianity," said Timothy C. Morgan, deputy managing editor at Christianity Today, an evangelical magazine. "Yet it's so seductive."

The theology taps into the country's self-help culture, said William C. Martin, a professor emeritus of religion and public policy at Rice University in Houston. "One of the goals of America is for you to become prosperous," he said. "For the church to put a blessing on that and say, 'God wants you to be rich,' is quite appealing."

While prosperity preachers were largely discredited in this country in the late 1980's with the rash of scandals involving religious broadcasters, the booming television ministries of a coterie of new prosperity kings, including Joyce Meyer, Benny Hinn and Mr. Dollar, demonstrates its staying power. Mr. Dollar, 41, a former college football player, started World Changers Church in Atlanta in an elementary school cafeteria in 1986.

The church now has almost 25,000 members, according to church officials.

But New York City is Mr. Dollar's largest television market. And just over a year ago, Mr. Dollar began flying up from Atlanta to preach at Saturday night services in the theater at Madison Square Garden. Membership at World Changers Church New York is now at more than 5,000, church officials said.

THE PROSPERITY GOSPEL (NAME IT AND CLAIM IT)

The prosperity gospel

The end of the 1980s was a bad time for TV preachers.

St. Louis Post-Dispatch/November 18, 2003
By Bill Smith and Carolyn Tuft

One moment, men like the PTL Club's Jim Bakker and television's Jimmy Swaggart seemed bigger than life, supermen blessed with an uncanny ability to attract followers and money. The next instant, they were only men -- fragile, flawed and the butt of barroom jokes and newspaper cartoons.

In many ways, it seemed like the beginning of the end for big-time TV religion. Look, the critics said, the emperors really do have no clothes.

But Americans, at least many of them, seem to have forgotten and forgiven. TV's salvation shows are still here, bigger and flashier than ever, thanks to the proliferation of the internet and the continued spread of satellite and cable TV.

The names may have changed -- Juanita Bynum, Kenneth and Gloria Copeland, Creflo Dollar, Benny Hinn, T. D. Jakes, St. Louis' Joyce Meyer and a dozen others have replaced Bakker, Swaggart and Oral Roberts at the top of the evangelical mountain -- but the message remains virtually identical.

Believe with all your heart and soul, they tell the faithful. And give, give, give until you can't give any more.

God, they say, loves a cheerful giver.

In the late 1980s, when the sex-and-fraud scandals boiled over into America's living rooms, Joyce Meyer's little radio ministry was scarcely a blip on the evangelical radar screen.

Today, Meyer heads a ministry fast approaching $100 million a year and is among a dozen or so evangelical superstars headlining a revived, and very healthy, industry.

The prosperity gospel also has been called the "name it and claim it" theology. God wants His people to prosper, evangelists like Meyer maintain. Those who follow God and give generously to his ministries can have anything, and everything, they want.

But critics, from Bible-quoting theologians to groups devoted to preserving the separation of church and state, abound. At best, they say, such a theology is a simplistic and misguided way of living. At worst, they say, it is dangerous.

Michael Scott Horton, who teaches historical theology at the Westminister Theological Seminary in Escondido, Ca., calls the message a twisted interpretation of the Bible -- a "wild and wacky theology.

"Some of these people are charlatans," Horton said. "Others are honestly dedicated to one of the most abhorrent errors in religious theology.

"I often think of these folks as the religious equivalent to a combination of a National Enquirer ad and professional wrestling. It's part entertainment and very large part scam."

Sociologist William Martin of Rice University said that most people who follow TV religious leaders put so much trust in them that they want them to thrive. Martin is a professor of sociology at the university, specializing in theology.

The preachers' wealth is "confirmation of what they are preaching," Martin said.

Ole Anthony's Trinity Foundation, best-known for working with the national media to uncover questionable activities involving TV evangelists, often resorts to digging through preachers' trash to find incriminating evidence. Anthony said that most of the preachers begin with a "sincere desire to spread the faith. But the pressure of fundraising slowly moves all of them in the direction of a greed-based theology."

Even J. Lee Grady, editor of Charisma & Christian Life magazine has become alarmed at what he sees as the excesses of some TV preachers.

Grady defends the principle that if you are stingy with your money, you will lack things in life; and if you are generous, you will get things in return.

"But that doesn't mean you can treat God like a slot machine," Grady said in an interview.

Bakker, who spent five years in prison for defrauding Heritage USA investors, says he has had a change of heart about the prosperity gospel.

The same man who once told his PTL coworkers that "God wants you to be rich," now says he made a tragic mistake.

"For years, I helped propagate an impostor, not a true gospel, but another gospel," Bakker has said in his 1996 book, "I Was Wrong."

"The prosperity message did not line up with the tenor of the Scripture," he said. "My heart was crushed to think that I led so many people astray."

While Bakker may have changed his tune, many more TV preachers are steadfast in their conviction that if you give money, you will receive it many times in return.

Meyer spends most of her three-day conferences on lessons in giving, and she is blunt when she addresses what the critics say about her seed-faith interpretation of the Bible. She says that those preachers who believe that to be godly is to be poor are the ones who have it wrong.

"Why would He (God) want all of His people poverty stricken while all of the people that aren't living for God have everything?" Meyer said. "I think it's old religious thinking, and I believe the devil uses it to keep people from wanting to serve God."


Source: http://www.rickross.com/reference/tv_preachers/tv_preachers4.html

Monday, September 24, 2007

UP TO 100,000 CANADIAN LAYOFFS FROM STRIKE

UPDATE 1-Up to 100,000 Canadian layoffs seen from GM strike

"Our car plants will be impacted almost immediately," Buzz Hargrove, President of the Canadian Auto Workers Union said. (CP PHOTO/Nathan Denette)

Mon Sep 24, 2007 3:43pm EDT

100,000 Canadians could be idled by General Motors U.S. strike: Hargrove

TORONTO - Tens of thousands of workers at General Motors of Canada and in the Canadian auto parts industry are being hit by the impact of the strike against GM in the United States, Canadian Auto Workers president Buzz Hargrove said Monday.

"It's not inconceivable that by the end of this week we could have anywhere between 80,000 and 100,000 people unemployed - mostly in Ontario, some in Quebec - as a result of the dispute," Hargrove said.

The walkout by 73,000 United Auto Workers members, with the UAW saying talks are hung up on job security, originates in the automaker's effort to shift the pain of "unfair" imports onto workers, Hargrove said.

And he indicated he suspects GM will take a similar approach in negotiations with its Canadian workforce next year.

"Our car plants will be impacted almost immediately," Hargrove told a news conference about 2 1/2 hours after the U.S. union's walkout began, saying 17,500 GM Canada workers stand to be affected.

General Motors Canada spokesman Stew Low declined to be specific about a shutdown schedule, saying it was largely business as usual Monday and "we're going to work to keep running absolutely as long as we can, and we'll just take that on a day-by-day basis."

Hargrove said GM Canada's No. 1 car plant in Oshawa, east of Toronto, will stop producing Chevrolet Impala sedans early Tuesday morning, and the No. 2 Oshawa plant, assembling the Pontiac Grand Prix and Buick Allure, will shut down at the end of Tuesday's day shift. Those two plants employ 5,600 people.

The 3,900-worker Oshawa truck plant, he said, has enough parts to keep building Silverado and Sierra pickups for about three days.

The assembly plants are affected by shortages of parts delivered on a just-in-time basis from GM in the U.S.

Meanwhile, GM's 1,400-worker transmission factory in Windsor, Ont., has already closed and Hargrove said a 3,200-employee powertrain-components plant in St. Catharines, Ont., will soon wind down because of lack of U.S. demand for their output.

Hargrove estimated as many as 40,000 people at independent parts producers could be laid off "within the next few days" if the GM strike continues. He said there are 80,000 workers in the Canadian parts sector and GM buys about half of their production, while thousands of other jobs could be affected in spinoff effects at companies dealing with GM and the parts makers.

Canada's largest car-parts maker, Magna International (TSX:MG.A) said it is hopeful GM will return to normal quickly, but "depending on the length of the strike, Magna International may be required to suspend the supply of parts to General Motors."

Given the tough talk from UAW president Ron Gettelfinger, "I think this thing's going to drag on for a while," Hargrove said.

"I don't know how long at this point. That'll become more clear over the next few days."

He said the UAW bargainers put in an "incredible effort," but "General Motors appears to be saying to the UAW - and probably to us next year - that . . . they're going to try to make the UAW members and their families and communities pay" for the troubles caused by foreign competition.

Hargrove said imports from Japan, Korea and Europe account for one-quarter of the North American auto market, and another quarter is held by vehicles assembled in North America by offshore-based companies.

Auto industry analyst Dennis DesRosiers said the impact of the U.S. strike will ripple through the entire North American auto sector.

DesRosiers said GM needs wage and benefit rollbacks to compete with Asian automakers, as he estimates GM's labour costs are $25 an hour above those at Toyota and Honda.

The strike "suggests that at least General Motors is prepared to take a little harder line than they have historically," said Chris Piper, a business professor at the University of Western Ontario.

"The good news short-term is that GM may be able to work its inventory down, so it won't be too costly."

Looking ahead to the expiry of the CAW's contracts next September, Hargrove said the strong Canadian dollar is a concern, but this is offset by Canada's "huge advantage" over U.S. plants in health-care expenses and laid-off-worker costs.

"Our problem is not UAW bargaining: our problem is imports, imports, imports, market share loss, market share loss, and lack of recognition by (Prime Minister Stephen) Harper and (Finance Minister Jim) Flaherty that we have a major crisis in our industry."

He said laid-off GM workers are entitled to Employment Insurance payouts plus a supplementary layoff benefit, totalling about 65 per cent of their normal pay after a one-week waiting period.



Source: http://canadianpress.google.com/article/ALeqM5isySDQ6TVyU7UZt0d8GeGvHPHMSg