>>>The Church in Financial Crisis<<<

[pelathais]

Originally Posted by Edward Anglin

I also heard there is a substantial contingent of ministers planning a revolt.

Ministers planning a revolt against mortgage forclosures?

We just refinanced - and I felt very thankful to be able to. We're saving a little over $300.00 a month now. I know others are not as fortunate.

[EA]

Originally Posted by Tina

Speaking of numbers, I saw this on another forum yesterday:

It's pretty depressing....

http://www.layoffdaily.com/

Major Layoff Headlines

Caterpillar Layoff Tally -22,000

Boeing -10,000

Pfizer Update: Closing 5 Plants -26,000

Circuit City Closing Down -30,000

Alcoa -13,500

GE Capital Cutting up to 11,000

Bank of America to cut up to 35,000

Rio Tinto Mining Cutting 14,000 Worldwide

Office Depot Will Close 112 Stores

KB Toys Bankrupt Closing All 460 Stores

Citigroup will have to cut 75,000 by 2009

Financial Layoff Tally 290,000

[StillStanding]

Originally Posted by Edward Anglin

Absolutely.

The GDP shrank 3.9% last quarter. Massive layoffs everywhere. Unemployment is approaching 10%.

The numbers don't lie.

You bring up some interesting consequences from the ailing economy. I believe 2009 will be the worst year since the depression. The market was down by almost 9% in the month of January. Usually, January sets the tone for the rest of the year.

Folks, it's going to be a rough ride for the next couple of years. You better start to cut expenses NOW!

Organizations that are already in bad shape financially, may not survive this crisis!

[EA]

Originally Posted by pelathais

Ministers planning a revolt against mortgage forclosures?

We just refinanced - and I felt very thankful to be able to. We're saving a little over $300.00 a month now. I know others are not as fortunate.

No, apparently, there is a group of ministers planning on pushing some very liberal issues.

[pelathais]

Originally Posted by Edward Anglin

Absolutely.

The GDP shrank 3.9% last quarter. Massive layoffs everywhere. Unemployment is approaching 10%.

The numbers don't lie.

Downturns or recessions are just typical parts of the business cycle. They are anticipated events and not surprises.

Technically, a fall of more than 10% is required for a recession to be considered a depression by most economists. Of course if you lose your job you just suffered a 100% downturn in your GDP and that's always a crisis.

[mizpeh]

Originally Posted by Edward Anglin

No, apparently, there is a group of ministers planning on pushing some very liberal issues.

But what does that have to do with the economy?

[scotty]

Hmmm, maybe these other churches need to find their way back to God ?

Plagues and famine and drought all over Egypt yet Israel suffered none of it !!

Living in the land of Goshen !!

We just hired a bi-vocational youth pastor and uped our bi-vocational youth pastor to uni-vocational assistant pastor. Last month we bought all new screen software and computer system, new sound recording system, we are laying new floor in our gym/family center..... no problems here..

[EA]

Originally Posted by Mr. Steinway

Organizations that are already in bad shape financially, may not survive this crisis!

That is the point of this thread, Bro.

How will an organization, which has consistently been mired in debt, be able to survive this sort of economic depression?

• Giving dries up.
  
• Ideological issues continue to push men out, on the left and right.
  
• Departments already gutted.
  
• More and more men unable to afford membership dues.

I am truly concerned.

[EA]

Originally Posted by pelathais

Downturns or recessions are just typical parts of the business cycle. They are anticipated events and not surprises.

Technically, a fall of more than 10% is required for a recession to be considered a depression by most economists. Of course if you lose your job you just suffered a 100% downturn in your GDP and that's always a crisis.

I agree. But most "recessions" don't last as long as it looks like this one is going to.

[EA]

Originally Posted by mizpeh

But what does that have to do with the economy?

We are already polarized.

If we continue to push our own ideologies, to the exclusion of our brothers, we lose. We lose brothers, fellowship and cold hard cash.

Each splinter group that leaves takes dollars with them.