The Church After the Bubble

Paul Harvey

J. Nelson Seawright, "The Church and the Debt Bubble," considers the impact of the real estate bubble and crash on Mormon church financing. A short excerpt:

Now that U.S. Mormons are no longer realizing, and paying tithing on, fantastic and unsustainable capital gains from stock and housing sales, but are instead paying more strictly on family income which has not really changed much at the median since the 1980s, is the church overcommitted? It costs money to run temples, wards, stakes, etc., and the fact that construction has been far outpacing the rates of missionary growth or growth of relatively high-tithing U.S. members hints at something like a baseball-baptisms-era if-you-build-it-they-will-come strategy. If so, we might be facing something of a debt-bubble hangover of our own…

I know nothing about LDS church financing, but found this a fascinating post, and one that is a case study of how the economic crash/correction will impact church life in the U.S. I would be interested to see other examples of serious considerations of how American religious life will respond to the Crash of 08-09. Surely church-related colleges and universities are in for some hard decisions? I don't know, really, I'm just saying . . .


Brad Hart said…
I know that a large number of church building and temples (not all but some) are paid for by member donations. For example, the Timpanogos Temple, just outside of Orem, Utah, was paid for by those that lived in the area.
Anonymous said…
"Hi guys! This Conference sounds to be great! They have very interesting panels on identity and a featured panel on Barak Obama and you can also make a real African Safari...."

The Institute of Identity Research (IDmap) announces an international conference
on Identity Politics on the Internet to be held in Kenya on the 27th to 29th of
August 2009. The aim of the Conference is to create discourse in the area of
Identity politics on the Internet and other related topics.

The Conference will be graced by several leading scholars who have written and
researched extensively on issues of Identity. We hope that this conference will
result in solutions and better understanding of the problems facing issues of
identity in the contemporary context.



August 27-29, 2009

Organized by Institute of Identity Research (IDmap)

Will be held in Amboseli Wildlife National Park, Kenya

Featured panel: Barack Obama' Election and Kenyan politics of Identity:
Will he identify himself with the World or with his People?

• The Dead line for submission of the Abstracts is 01.05.2009 (200-500 words)
in Word or PDF formats
• The Dead line for submission of full-text papers is 01.07.2009

Preliminary program of the Conference includes the following panels:
• Kenyan 2007 Presidential elections and the Internet
• Traditions and Identity in Kenyan politics: Barak Obama as a Luo
representative of Kenyan identity politics
• Facebook and Identity: do old ethnicity definitions still matter?
• World Identity politics: Case-studies and Comparative Analysis
• Parties and recruitment in the digital world
• Gender, ethnicity and empowerment: what is better to be a white man or a
black woman?
• When religion comes to the Internet: the new ways to build and reinforce
religious identity
• Government on the Internet: new ways to preserve Nation-state and its
identity on the Net
• New English and E-Linguistic: jargon and vocabulary of Internet campaigns

Participants are welcomed to join the following working groups:
• Computers and identity
• Culture and identity
• Mathematical expressions of identity
• Internet and Politics
• Internet Vocabulary

Best Identity MA/PhD Thesis work award:
During the conference the Institute will award the best MA/PhD work submitted
for the evaluation. The work should reveal an original and innovative approach
in the field of Identity with its expression on the Internet. Information
regarding submission procedure can be found on our site or through direct
contact of the Administrators.

Popular Posts