Articles from our E-Update


0

Rick Warren's Inaugural Prayer: Ecumenical and Evangelical?
Dan Gilgoff, U.S. News and World Report January 27, 2009
inauguration_s.jpgHistory was made last week as America's first African-American president, Barack Obama, was sworn into office. According to U.S. News and World Report, Pastor Rick Warren's inaugural prayer steered clear of controversy - even as he prayed in Jesus' name.

Click to read article

Cick to read Warren's inaugural prayer

0

Gates Publishes First Annual Letter as Foundation Co-chair
Bill Gates, Bill and Melinda Gates Foundation January 27, 2009
gates2_s.jpgIn his first annual letter, Bill Gates talks about his work at the Bill and Melinda Gates Foundation. He speaks candidly about what has gone well, what hasn't, and what he and Melinda are learning along with their partners.

Click to read the letter

Related: Recession squeezes even philanthropies of Gates, Allen

0

The Greatest Social Need Can Best Be Met By Evangelicals
Editorial staff, Christianity Today January 27, 2009
socialneed2_s.jpgHunger, the Aids epidemic, sex trafficking, lack of clean water, abortion, unrest in the Middle East: The problems in today's world are numerous, and Christians are stepping up in unprecedented ways to help solve them. But what's the world's greatest social need? According to this Christianity Today editorial, it's something that evangelicals are especially gifted to meet!

Click to read article

0

Today's Generation Just Might Save the World
Patrick Butler, TylerPaper.com January 27, 2009
dillon_s.jpgBeyond just writing letters to their congressmen, today's generation is combining its passion for justice with technology and creativity to help change the world. Will it have an impact? Religion writer Patrick Butler thinks so! Check out his article as well as our related links to websites of young leaders and organizations that are making a difference.

Click to read article

Related: Gary Haugen of International Justice Mission Featured in The New Yorker

Related: Justin Dillon, musician and producer of Call and Response

Related: Jars of Clay and Blood:Water Mission

0

Pursuing Ponzi Protection
Gary Moore, The Financial Seminary January 27, 2009
wolf_s.jpg

Pursuing Ponzi Protection

(From Financial Wolves in Sheep's Clothing)

By Gary Moore

Founder, The Financial Seminary

Sarasota, Florida

January 2009

Bernie Madoff has apparently perpetrated a fifty billion dollar Ponzi-scheme that has devastated

investor confidence, as well as several charities in Palm Beach. A hedge fund operator in my

hometown of Sarasota has apparently perpetrated another swindle of three hundred and fifty

million dollars. It too has affected hundreds, as well as the Y on whose board I serve and several

other charities. The more things change...

Thirty years ago, I trained at Merrill Lynch with a broker who, after leaving Merrill, perpetrated

the largest Ponzi scheme in the history of Florida until Madoff. We attended church together and

played tennis at his country club. Later, I served on the board of an international ministry affected

by the New Era funding scandal, probably the largest Ponzi-scheme to hit our nation's charities. I

then served on another major Christian board with Ken Lay of Enron, who was considered a most

gracious and generous man. It's inevitable that you will lose some money during thirty years of

investing. But I've thus far avoided the worst Ponzi-schemes and scandals largely by

understanding these realities:

1) Financial con men never look and act like con men. (And they are usually men, though

they usually have gracious and sociable wives.) Their schemes depend on confidence so

they go to great lengths to look and act impeccably respectable.

2) So with the possible exception of a heavily regulated major trust company, never, ever,

entrust one person or organization with all your investments. If you do use one financial

advisor, have that person or institution diversify among non-affiliated investments.

3) Ponzi operators always insist on secrecy and total control; so always separate the

management and custody of your money. The custodian can therefore provide a valuation

of your holdings that is independent of your manager's assurances.

4) The victims of financial schemes are usually motivated by fear or greed, rarely caring

how prudently or ethically their returns are generated. Look deeper, perhaps even

utilizing "socially responsible" investments that look very deeply. That might help you

avoid not only Ponzi-schemes but Enron, Worldcom and so on.

5) Never believe it won't happen again or to you. Note I said I've avoided such scandals

"thus far." I know all too well we live in an age of synthetics, when wolf fur can be made

to look remarkably similar to wool.

***

Gary Moore was a senior vice president of Paine Webber before founding his own firm as

"counsel to ethical and spiritual investors." He has written five books on the ethical management

of money and has been a financial commentator for UPI.

Major Foundation Falls to Madoff Fraud, Boston.com

blindspot.jpgThis new book, edited in part by Gathering Conference presenter and award-winning journalist Roberta Green-Ahmanson, explores how secular journalists succumb to ineffective and inaccurate reporting when they either refuse to address, or just don't understand, a news story's religious significance.

Visit the Blind Spot Website

Read a Wall Street Journal review of Blind Spot

Preview Blind Spot on Amazon

Watch a panel discuss the book on C-Span