In the news, Monday, August 12, 2019

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AUG 11      INDEX      AUG 13

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from CNN

Central bank rate cuts are inflating a cheap money bubble
Last month US markets once again hit a little-known but highly relevant ceiling which has spelled market trouble numerous times in the recent past, most famously during the major market bubble bursts in 2000 and 2007. Investors should recall what happened then, take note and brace themselves for the possible implications. What is that ceiling? It's when overall stock market capitalization vs. GDP reaches a point historically disconnected from the underlying size of the economy. We are in such a period again, having recently reached a ratio of stock values to GDP of 145%.

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from Episcopal News Service

ELCA Churchwide Assembly calls sexism and patriarchy sins, condemns white supremacy

A new social statement from the Evangelical Lutheran Church in America labels patriarchy and sexism as sins and acknowledges the church’s complicity in them. The social statement — titled “Faith, Sexism, and Justice: A Call to Action” — was approved by the ELCA’s Churchwide Assembly with 97 percent of the vote Friday morning (Aug. 9) on the last full day of the denomination’s triennial meeting at the Wisconsin Center in Milwaukee. This is the 13th social statement adopted by the ELCA. Others include topics like race, ethnicity and culture; caring for creation; and human sexuality.

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from Family Policy Institute of Washington

Nonprofit Organization in Lynnwood, WA

Christians Not Welcome! Speaker selection sends wrong message about emocratic Party

The Washington State House Democratic Caucus made a bold statement, and history, in recent weeks in choosing Rep Laurie Jinkins (D-Tacoma) to be the first woman, and first lesbian Speaker of the House. She replaced long-time serving (20 years) Speaker Frank Chopp who was recently pushed out mid-term in an unprecedented maneuver by the growing number of radical leftists taking over the Democratic Party here in Washington and across the country

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from The Spokesman-Review

Newspaper in Spokane, Washington

Getting There: The new ways of Wall Street
Last week, the brick-lined Wall Street in downtown Spokane lost two concrete planters – a place to sit, favored by those wishing to smoke a variety of things and a security guard to glare at them. One was replaced by asphalt and only its outline remains, like a murderous chalk sketch seen in the movies. The other remains a toothy hole surrounded by barricades. In a strange twist of happenstance, we can thank the Spokane Transit Authority for not only the planters themselves, but their removal. Simply put, they arrived for the trolley, but they were removed for the Central City Line.

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