| Everyday Lutherans Working in Mission and Ministry Overseas
From the Worldwide Faith News archives www.wfn.org Everyday Lutherans Working in Mission and Ministry Overseas From <NEWS@ELCA.ORG>
Date Wed, 12 Dec 2007 09:41:02 -0600
Title: Everyday Lutherans Working in Mission and Ministry Overseas ELCA NEWS SERVICE December 12, 2007 Everyday Lutherans Working in Mission and Ministry Overseas 07-204-MRC CHICAGO (ELCA) -- The Rev. Brian E. Konkol does not see himself as "too special or anything like that" as a young pastor in the Evangelical Lutheran Church in America (ELCA) serving overseas. But he believes that God is capable of doing some "pretty amazing things through some pretty ordinary people." "Don't allow the doubts of others to prevent you from following God's calling to service," said Konkol, who is serving in the Evangelical Lutheran Church in Guyana as a long-term missionary of the ELCA.
Jackson blasts Bush mortgage plan
Bush's recent bailout plan doesn't go far enough to solve the problem of foreclosures, Jackson said, pointing to the voluntary nature of Bush's program to freeze adjustable mortgage rates for five years. "By and large they will not do it because it's voluntary," Jackson said. "There is no structure in place to in fact begin to exact from them exploitative amounts of resources. There must be some government plan in place because it's about sparing the nation a recession." Glenn Mueller, a professor at the Burns School of Real Estate and Construction Management at the University of Denver, went even further. He told The Denver Post "the liars have won," saying that the mortgage plan rewards the lenders, whom he called cheaters. However, Robert Steel, the undersecretary of the treasury for domestic finance, told National Public Radio that the Bush plan will buy affected homeowners time to refinance their mortgages.
Banker's Northern Rock salvage plan
A former boss of Abbey said that he was working on a possible salvage plan for stricken mortgage bank Northern Rock. Luqman Arnold - regarded as one of the City's most experienced bankers - is preparing a proposal that does not involve the sale or break-up of the Newcastle-based business. Mr Arnold will use a heavyweight team of banking experts to work alongside existing management in an attempt to save the ailing bank. The team - drawn from Mr Arnold's financial services investment business, Olivant - will take a minority stake in Northern Rock. He is best known for joining Abbey after the UK's fifth-biggest bank dived into the red five years ago. He stabilised its performance before the business was sold to Spanish bank Santander.
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