Friday, October 9, 2009

Finally reports-

Benny Hinn Ministries doesn’t publish its finances, but one report estimated it takes in $100 million a year. Hinn says only that the ministry pays him more than half a million dollars a year — but that income doesn’t include money from the sales of his books and his other private business ventures.

He says he plans to cut his salary in half, and eventually to receive no pay.

That decision comes amid an ongoing probe of six evangelical ministers and their megachurches by the Senate Finance Committee, headed by Sen. Charles Grassley (R-Iowa). Benny Hinn Ministries is one of the six.

The committee is investigating whether the ministries are using their tax-exempt status to further God's work — or to fund luxuries like mansions, expensive cars and private jets.

Read the whole story here.

For some perspective on the prosperity gospel, watch this video.

Thursday, October 8, 2009

Demography Matters

The Pew Forum on Religion & Public Life came out with a fascinating report on the global Muslim population. Take a look for interesting facts and figures that might challenge some of your assumptions. Reading this report reminded me of an article written by Mark Steyn- It's the Demography, Stupid.
(Thanks to Mike for passing along the Steyn article.)

Tuesday, October 6, 2009

The Wheels are Falling Off

From the Wall Street Journal-

The basic fallacy of cash for clunkers is that you can somehow create wealth by destroying existing assets that are still productive, in this case cars that still work. Under the program, auto dealers were required to destroy the car engines of trade-ins with a sodium silicate solution, then smash them and send them to the junk yard. As the journalist Henry Hazlitt wrote in his classic, "Economics in One Lesson," you can't raise living standards by breaking windows so some people can get jobs repairing them.