Global shares did a nosedive on Monday after the Chinese stock market had its biggest plunge in eight years, despite the government's interventions.
The Chinese market's plunge threatened to affect the global market after Chinese losses last week sparked a worldwide sell-off. The Shanghai Composite Index dropped 8.5 percent in its largest single-day loss in eight years, according to an AP report published by Yahoo! News.
The last biggest decline happened on February 27, 2007. As of now, the Shanghai Composite Index has dropped 38 percent since it hit its peak level on June 12. more >>
Editor's Note: The following was sent to The Christian Post on Thursday, Aug. 20, before the U.S. stock market volatility that occurred on Friday and Monday.
Author's Appeal: Due to the controversial nature of the following commentary, I submit the following four-point appeal.
1. I am aware I'm somewhat of a "voice crying in the wilderness" with this alert. I ask the reader to not react and label me a "fear-monger." I preach and live a joyous, faith-filled lifestyle believing "In times of disaster they will not wither; in days of famine they will enjoy plenty" (Ps. 37:19) while noting this is a conditional promise (see Ps. 37 in its entirety). more >>
As we witness the fall and likely deterioration of the small Mediterranean nation of Greece, it would be wise to understand that unless America makes radical corrections, Greece's fate will be ours. Like in Greece, our politicians are afraid to tell us the truth about soaring debt, out-of-control spending and healthcare costs accounting for 30% of the federal budget.
Instead, politicians tell us what we want to hear, but those with common sense understand we're miserably lost, and the only way to return to safety is to retrace our steps back to the principles we were founded on.
Conservatism as a political philosophy gets a bad rap because it's misunderstood. Many of today's younger generation equate conservatism with being old fashioned or rigid, when in actuality, the Progressive ideology they are brainwashed to embrace is regressive in nature, surely leading to the same fate as Greece. more >>
Pope Francis apologized Thursday for what he called the Roman Catholic Church's complicity in committing "grave sins" against Native Americans "in the name of God" during the oppression of Latin America in the colonial era.
In an address in Bolivia at the Second World Meeting of Popular Movements, a congress of global activists working to mobilize and help the poor, the pope also called for a global social movement to break down the "new colonialism" that has exploited the poor and promoted inequality and materialism, according to a report in The New York Times.
"Some may rightly say, 'When the pope speaks of colonialism, he overlooks certain actions of the church,'" said Francis. "I say this to you with regret: Many grave sins were committed against the native people of America in the name of God." more >>
Like our country, Greeks have long slid down the slippery slope of socialism. They are now gambling their country's future like Jimmy the Greek. It's a consequential moment for the Eurozone. Now we see what happens when a country runs out of other people's money.
Leftist Prime Minister Tsipras convinced the entitlement-minded Greeks to vote "no" on repaying the debts that fund their lazy lifestyle.
The country has run up unsustainable budget deficits with lavish government spending on unions, early retirements for government workers beholden only to the political class, impossible labor laws, regulations, taxing the most productive, subsidizing failing businesses, Madoff-like accounting practices and socialized health care. Sound familiar? It could be Barack Obama's own "I Have a Dream" speech. more >>
A church in Indiana has joined several charity organizations to raise money to purchase a "Homeless Jesus" statue for the state capital.
Roberts Park United Methodist Church has partnered with Wheeler Mission, Outreach Inc., and the Neighborhood Christian Legal Clinic to get a "Homeless Jesus" statue for Indianapolis. The Rev. Andrew Scanlan-Holmes, senior pastor at Roberts Park UMC, told The Christian Post that this was the "problem of homelessness in Indianapolis."
"Roberts Park UMC, as a large downtown church, has for the last 20 years, been actively serving this sector of the community through its Soup's On feeding program and now regularly serves an average of 250 meals every Sunday lunchtime to the homeless and food impoverished," said the Rev. Scanlan-Holmes. more >>