Greek Archdiocese And Hindu Ecumenism

Greek Archdiocese and Hindu Ecumenism

January 18, 2014(Source: http://orthodoxmag.com)

In an amazing interfaith gesture, His Eminence Metropolitan Gerasimos of Greek Orthodox Christian Metropolis of San Francisco and Hindu statesman Rajan Zed met in Nevada (USA) today and had dialogue.

Zed and Gerasimos talked about various topics around interfaith discussion, spiritual flexibility, spirituality, environment, status of faith, involvement of youth, prayer, bringing cohesion and unity amongst communities, and so on. Gerasimos invited Zed to visit San Francisco Greek Orthodox Metropolis.

Gerasimos, who went to Nevada for few days this week, supervises over 150,000 Greek Orthodox faithful in the states of Alaska, Arizona, California, Hawaii, Nevada, Oregon and Washington through 67 parishes and missions and three monastic communities; under the leadership of Ecumenical Patriarch of Constantinople His All Holiness Bartholomew based in Istanbul (Turkey).

Rajan Zed is President of Universal Society of Hinduism, an around the world Hindu organization.

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NFTU: So, is this expected to be ‘‘ evangelism’? Odd how the saints didn’t promote all these ecumenical conferences with pagans, which Hindus are.

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Markets Tumble After World Bank Cautions Of Global Slowdown

Shares and commodity costs tumbled on Wednesday as markets reacted to warnings from the World Bank of a slowdown in worldwide growth this year and next.

The FTSE 100 shut down 2.2 % to 6388, dragged down by heavy falls for mining companies that supply the copper, zinc and nickel needed by Chinese and US makers.

Glencore dived to a four-year low after losing 9 % of its value, Anglo American dropped 8.5 % while Kaz Minerals, which primarily mines copper in Kazakhstan, saw its shares dive by 26 %.

Standard Chartered, which has a biga a great deal of clients in the far east and China, lost nearly 5 % of its value on Wednesday to 886p, pressing its shares down more than a quarter on a year back.

Poor retail sales data in the US compounded the loss of self-confidence amongst traders worried that China, the eurozone and the US still have some method to go before achieving a stable recovery. The Dow Jones index of leading US shares was moving towards a fourth straight loss at 18:00 after falling 256 points or 1.5 %.

Rob Carnell, an economist at ING Financial Markets, said the month-on-month drop in United States retail sales in December showed the United States recuperation was dealing with troubles. “Worryingly, with the US about the only beacon of development worldwide, if even this engine is spluttering, then a more considerable market correction than we have actually currently seen may well be on the cards,” he said.

The German Dax also fell, dropping 1 % and the French CAC slipped 1.2 %. Political instability in the eurozone has also unnerved markets given that the announcement of snap elections in Greece raised the prospect of Athens pulling the plug on its membership and possibly triggering a break up of the single currency.

While a lot of investors have made up the prospect of another year of stagnation in the eurozone, the continuing credit squeeze in China and lacklustre consumer spending in the United States have shown surprising drags on the world’s two greatest economies.

The prominent twice-yearly World Bank forecast said late on Tuesday that the United States would remain to broaden in addition to the UK, however blamed decreased potential customers for development in the stumbling eurozone, spiralling financial obligations in Japan and weak growth in some emerging economies for a choice to cut its 2015 international development estimate to 3 % from 3.4 %.

Talking to an all-party group of MPs, the deputy governor of the Bank of England, Sir Jon Cunliffe, stated there was a political will inside the eurozone to keep the membership together, but he recognised that should the currency bloc separation it would produce a “extremely significant disturbance” in monetary markets.

Bank of England guv Mark Carney stated he anticipated the European Central Bank (ECB) to step in to make sure inflation in the eurozone presses back up to its 2 % target which this mattered to the UK.

The guv, who will certainly have to compose a letter to Chancellor George Osborne to discuss a fall in UK inflation to 0.5 %, stated the eurozone has actually experienced persistently low inflation which was different to the UK experience.

“It is in our interest, without question, that [the eurozone has] steady and predictable inflation constant with [the ECB’s] required, and we have every reason to anticipate them to take the measures needed to do so,” Carney stated.

The Financial Policy Committee, set up to try to find dangers to the monetary system, had actually not gone over a separate of the eurozone recently.

The World Bank advised eurozone policymakers to embark on a massive programme of financial stimulus to enhance need and prevent a duration of deflation that could further weaken consumer and business self-confidence.

A fall of more than 60 % in the oil price because last summer has actually alleviated monetary pressures on households, however has actually so far done little to increase spending. It said the ECB must begin to pump funds into the 19-member bloc under a brand-new quantitative easing programme to make credit more affordable.

QE ruling

An adviser to the European court of justice has actually ruled that a bond-buying programme by the ECB is legal in principle – clearing the way for the ECB to make huge purchases of government bonds, spending billions of euros to battleto combat deflation in the eurozone.

The supporter general’s opinion, most likely to be endorsed by the court, said bond-buying might be considered legal so long as it was proportionate and the ECB described its reasons for the action. No upper limits were putput on the scale of the operation that would be permitted.

ECB president Mario Draghi is now anticipated to introduce a significant quantitative easing-style operation – similarmuch like that utilized by central banks in the US and the UK – to kickstart the economy. The bond-buying scheme is most likely to be revealed next week in a proposal to pull the eurozone from a potentially dangerous deflationary spiral.


David Cameron: Holyrood ‘Ensured’ Tax And Spending Powers

Holyrood will becometurned into one of the most powerful devolved parliaments on the planet with guaranteed brand-new powers over taxation and spending, Head of state David Cameron said.

Mr Cameron will certainly be in Scotland on Thursday to announce his Governments response to the Smith Commission on devolution, with draft legislation which he stated provides on the vow of more powers made to Scotland ahead of the No vote in the independence referendum.

The Scottish Parliament will raise 60 % of its spending, with 2.5 bn of well-being powers on top of its existing powers over education, health and justice, he said in an advance path of remarks anticipated today.

Holyrood will be preserved in law as a permanent institution, with MSPs chosen under a brand-new broadened franchise to include 16 and 17-year-olds, he included.

Be in no doubt, whoever forms the UK Government after May 7, these new powers are guaranteed, Mr Cameron said.

The Scottish Parliament will have more control of its tax and spending – making it among the most effective devolved parliaments in the world.

The Scottish Parliament will combine the liberty to decide exactly what takes place in Scotlands schools, medical facilities, surgical treatments and policepolice headquarters and the duty of determining how around 60 % of public cash in Scotland is spent since – for the very first time – the majoritymost of the cash the Scottish Parliament invests will certainly be raised right here in Scotland.

This consists of a considerable new bundle of well-being powers – worth 2.5 bn – to deal with long-term unemployment, disability and poverty.

Weve already transferred to permit the Scottish Parliament to extend its franchise so 16 and 17-year-olds might vote at the 2016 Holyrood elections and here we are mentioning in law the permanence of the Scottish Parliament – so there can never ever be any concern: Holyrood is here to remain.

Scotland will have the best of both worlds as part of the UK with a strong, steady single currency, shared militaries, a huge domestic market, a resilient social union within among the fastest-growing economies in the developed world, he added.

The leaders of the other primary political celebrations and I assured substantial new powers for the Scottish Parliament – a vow – with a clear procedure and timetable, he stated.

We said a command paper would be all setprepare by the end of October – and it was. We stated wed get cross-party arrangement by St Andrews Day – and we did.

We stated draft legislation would be published by Burns Night – and here we are, 3 days before the celebrations begin, with those provisions prior to us.

I pay tribute to the management of Robert Smith for this historical arrangement and with all 5 of Scotlands primary political parties at the table, it was a devolution first.

And now, right here we have it: new powers for Scotland, constructed to last, protecting our united future.


Stakeholders See Double Tax As Difficulty To REITs Financial Investment

Stakeholders in Property Financial investment Trusts (REITs) have identified double taxation as challenge to investment in the sector, even as they clamour for making it possible for regulation.
In order to make the Realty Financial investment Trusts (REITs) a tax-effi cient car for invest ment, there is an immediate need for an allowing leg islation, they stated.
They called for appropriate engagement between the operators in the market and the government for a framework that permits RE ITs to run efficiently and efficiently.
While presenting a speech on ‘REITs and Taxa tion in Nigeria’ at Realty Investment Trusts workshop organised by FSDH Asset Management Limited, in Lagos, Taiwo Oyedele, partner, tax and business advisory, PwC, stated that more than simply engaging with the govern ment, there is a requirementa have to back the efforts up with ability to allow inves tors, industries and gov ernment have a win-win situation.
Oyedele even more ex plained that having a leg islation to deal with REITs issues will be required most as it will have a long term impact, adding that the FIRS must work with the markets as well to establish a frame work leveraging target effort of the sector.
“Government needs to understand the various capacities in the scheme; understand that as essential gamers in the society, we are assisting government solve some problems. So, the government ought to assist construct consensus be-tween tax authorities and industries to make REITs carry out much better,” he added.


On The Spot Funding For 5 Startups

In some good news for aiming business owners, moneying for 5 start-ups was assisted in by The Indus Entrepreneurs (TiE), Hyderabad chapter in Start-up Heroes – an early stage startup instant seed financing session.

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From the 200 start-ups which sent nominations to TiE Hyderabad for this financing event, 10 startups having a working prototype were selected after several rounds of option. These startups were given 5 minutes to pitch to 10 investors for a funding of ’10 lakhs versus eight per cent equity. The organizers shared and clarified the terms with investors and startups prior to the beginning of the event without leaving any scope of settlements on the phase. Start-up Heroes was organized in collaboration with Hyderabad Angels.TiE also arranged its annual flagship occasion ‘SmashUp ‘for early age startups to allow them to find out the art of building effective endeavors from distinguished coaches and inspiring effective business owners. These early stage startups also got the opportunity to network with the investors consisting of angels and VCs. The day-long event saw fascinating sessions on different subjects related to the problems that startups face in its early phases. The occasion saw a participation of around 200 people representing numerous stakeholders of the ecosystem.


Lewiston Instructor Discusses Forum On Race

PROTESTERS SAY THEY WERE TRYING TO CALL ATTENTION TO RECENT POLICE KILLINGS OF UNARMED SUSPECTS. COMPARABLE PROTEST MESSAGES ARE NOW ENABLED IN LEWISTON SECONDARY SCHOOL. THE DECISION SPARKED A TO MAKE MONTH ABOUT FLEXIBILITY OF EXPRESSION AND RACE. THOSE ARE THE SUBJECTS BEING TALKED ABOUT AT An UNIQUE CONFERENCE TONIGHT AT THE HIGH SCHOOL. WMTW NEWS 8S COURTNEY STURGEON JOINS US FROM HIGH SCHOOL WITH MORE. TRACY, THE SCHOOL IS HOSTING AN OPEN ONLINE FORUM TO GO OVER PROBLEMS OF RACE. THE GADGET– DIVERSE STUDENT BODY AND COMMUNITY IS INVITED TO TALK ABOUT THAT PROBLEM AND ABOUT WHAT HAPPENED LAST MONTH. STUDENTS PUBLISHED THE BLACK LIVES MATTER MESSAGES IN THE CORRIDORS AND WERE INITIALLY TOLD TO TAKE THEM DOWN BECAUSE THEY DID NOT SEE PRIOR APPROVAL. ADMINISTRATION ALLOWED BE STUDENTS PUT THE POSTERS BACK UP WHEN THEY WERE AUTHORIZED. 20 PROMPTED. THE SCHOOL TO ARRANGE. THIS OPEN FORUM TO TALK ABOUT RACE THE SUBJECTS INCLUDE DISCRIMINATIONS AND THE BLACK LIVES MATTER MESSAGE. IT PRODUCES AN CHANCE TO HAVE A DIALOGUE, TO BRING IT TO THE SURFACE. NOT NECESSARILY THAT THERE ARE BIG PROBLEMS, BUT JUST TO ADDRESS THOSE MIGHT BE UNDERLYING STYLES THAT COULD MAKE THINGS MUCH BETTER TO MAKE PROGRESS. THE CONFERENCE IS JUST GETTING UNDERWAY. BEGAN A FEW MINUTES AGO. THERE HAS BEEN A STEADY STREAM OF NEIGHBORHOOD MEMBERS MAKING THEIR WAY TO THE SECONDARY SCHOOL. THEY WILL BE BREAK UP INTO FOUR GROUPS TO TALK ABOUT VARIOUS TOPICS TONIGHT. THE FEEDBACK COULD BE USED IN


Teach Your Kids Well … About Financial Resources

When Palmira and Dave Buten chose in 2008 to construct an online individual finance simulation, they intended to prevent kids around the nation from making the same monetary errors as they did as young adults.It took six

years to obtain the nationwide scale theyd hoped. But this winter season, theyll begin the Budget plan Challenge in all 50 states, with as much as 150,000 secondary school students finding outdiscovering how to stabilize a spending plan, pay expenses and taxes, plan for retirement and keep a good credit rating, all while in competitors for college scholarships and grants for their schools.Its occurring in collaboration with Hamp; R Block, the Kansas City-based public business with 10,000 tax prep work centers around the nation. The business concurredconsented to fund the program, making the nine-week simulation complimentary for any instructor to use in a 9 th to 12 th grade class. Last fall, thenumber of students getting involved grew to 32,500 from 2,000 the fall semester prior.A partner like Hamp; R Block is the dream of any startup. The deal let Dave Buten quit his task

and join his spouse in the company full-time. It enables for tasks to be produced. It eliminates the months-long sales cycle in the fragmented education market.It includes new performance to the program– individuals now discoverdiscover filing taxes and see real Internal Revenue Service types from their pretend employers.Most importantly, it assists the Butens train more young individualsyouths to make the finestthe very best monetary choices. And theres no barrier for teachers and schools to sign up.But victorying the support of a significant corporation was no fluke. There are lessons to be learned in the steps the Butens took to be all set when the best partner came along.First, it had

to be the ideal business with the best mission. Hamp; R Block currently had an entrepreneurial group, developing their own individual finance education program several years earlier

. Its chief marketing officer and CEO were both enthusiastic about monetary literacy. And the business had a charitable bend.The Butens yearly reconstructed the site and processing engine to accommodate huge numbers of students in several time zones making realmaterializing time(though fake)deals. So when Hamp; R Block desiredwished to introduce

within 3 months of a signed agreement, they were positive in the websites ability to manage 15 times the traffic.Something we tell ourselves a lot is you need to construct your abilities for exactly what you wantwish to be able to do, not what you have today, Dave Buten says.Teachers, moms and dads and students currently suched as the challenge as well as paid for it. The couple invested years constructing a curriculum and technology platform that both engaged and enlightened students and saved teachers time. When Hamp; R Block looked for reviews during due diligence, users shared what they loved about the simulation and gave suggestions to make it much better. Modifications were made promptly with such easy access to feedback.We neededhad to see that they had already jumped through hoops and got wrinkles out of the program so we might launch quick, says Hamp; R Obstructs Chief Advertising Officer Kathy Collins.The Butens likewise secured the simulation with a patent, made after 7 years of backward and forward with the United States Patent office. Palmira Buten says the long procedure deserved it– the patent made Budget

Difficulty legitimacy and offers it leverage in working with Hamp; R Block and future partners.They also worked out a deal that guaranteed theyd have the resources to make the program a success. That indicated fair wages

and benefits plans for the group and cash for remaining to improve the technology and working with a big adequate customer support team.Finally, the Butens worked to co-brand Spending plan Challenge with Hamp; R Block instead of signing over the naming rights. If Hamp; R ends the agreement some day, the Spending plan Challenge name

has earned nationwide exposure too. The contract also allowed them to continue to offer a variation to parents and others who don’t qualifyget Hamp; Rs providing, assisting to produce more revenue for the small company.The Butens are surprised at how well the collaboration has actually gone. But patience and preparation made them prepared to handle it.Things take longer than youd think or hope, Dave Buten says. But the other side is that the additional time helps you get ready as long as youre working on the ideal thing.



Home Advantage: The Call For Punitive Taxation On Owners Who Leave Homes …

So Tessa Jowell’s suggestion that rich propertyhomeowner who leave locations empty should undergo punitive tax charges deserves taking up. Obviously she has an interest, as a prospective Labour prospect for Mayor of London, however the basic point runs throughoutencounters the country, to properties left uninhabited by all manner of people, not just absent-minded billionaires or overseas investment funds. Whether they are flats over run-down stores or mansions on sophisticated boulevards, all are equally at threat of vandalism, squatting and basic decline as a result of overlook. All, therefore, have an impactan influence on the value of homes and habitability of the surrounding locations: traditional “externalities”. Another reason, then, they must go through intervention.Punitive taxation is quite quickly stayed clear of by untraceable overseas entities or property managers who have actually just disappeared. There is a case, too, for that reason, to reinforce regional authorities’existing powers to take possession of such homes and restore them to social use. If the properties are sold, then the earnings can be maintained on behalf of the owners in case they ever turn up, possibly for years. The danger of having a valuable home taken under obligatory purchase should be enoughsuffice reward for even the most shy of overseas funds to come forward, and either pay their taxes or dispose of the houseyour home. Such strictures require not be restricted to the personaleconomic sector, or domestic propertyhouse. Empty office blocks, boarded-up stores and other obsolete industrial property might and need to be converted to alternative use, either through conversion or demolition and restoring. Land had by public bodies can likewise be reassessed for alternative use. Naturally, adding punitive tax to industrial home has actually to be done with care- in the past, owners have taken the roofing system off properties as opposed to pay the rates or council tax. Yet the very same principle stays; public action to secure a public good where there is clear market failure. Some quarter of a million homes have actually lain idle for more than six months; adding in commercial property that might be converted to homes, the boost to the active

housing stock would be substantial. How neat it would be if such an improvement in housing supply might be funded by taxation on those who have actually succeeded out of the property boom, by means of a new greater rate of council tax

. This idea, now proposed by Lord Mandelson, is a a lot more reasonable approach than the blunt instrument of a mansion tax. More radically, the time has actually likewise come for domestic home to be brought into the orbit of capital gains tax, payable on sale, just like other valuable assets. That too would restore some

peace of mind to the property market, and push financial investment from home and into capital investmentcapital expense in company, and the efficient potential of the nation. Otherwise our economy will remain to be driven by housing booms and busts. And look where they got us.


Biosev Gets US$ 318mn Loan

Brazil sugarcane processor Biosev has actually signed a US$ 318mn syndicated export pre-payment center with eight banks.

Priced at Libor + 4.75 %, the deal will certainly have up to 3 drawdowns between January and March 2015, and will certainly develop in April 2018.

The deal was co-ordinated by Credit Agricole, ING and Natixis, with ABN Amro, Caixa Geral, FIM, Rabobank and Societe Generale as extra loan providers.

This deal is yet another vital step for Biosev to enhance its financial liquidity and enhance its debt maturity profile, states Paulo Prignolato, Biosevlsquo; s primary financial officer. The agreement is proof of our great relationship with the banking community and a testament of the relevance and quality of our operations.

In another movetransfer to enhance financial liquidity, Biosev signed an arrangement to make the International Finance Corporation (IFC) an investor last December. The company chose to release around R$ 128mn (US$ 48.9 mn) of new shares, with the IFC registering for up to all them.

In October 2013, Biosev failed to raise US$ 300mn in international bonds due to negative market conditions. At the time, the company was rumoured to desirewish to raise approximately US$ 500mn at a yield of 9-10 %, however it ended up announcing a US$ 300mn deal priced at 11-12 %, which still failed to draw in sufficient investors.