Showing posts with label Archbishop of York. Show all posts
Showing posts with label Archbishop of York. Show all posts

January 13, 2009

The Migrants Who Just Don't Belong, by the Archbishop of York

MAIL Online: Immigrants to Britain in the past four decades have acted like hotel guests who 'do not belong', the Archbishop of York said today.

Dr John Sentamu said the failure of migrants to integrate had contributed to the collapse of a common British culture and the lack of a national sense of direction.

He called for recognition of the Christian heritage which once bound the nation together and for a revival of the civic values once represented by a myriad of local clubs, societies, associations, churches and trade unions.

The Archbishop's powerful attack on uncontrolled immigration and on 'multiculturalism' - the left-wing doctrine that encouraged migrants to ignore traditional British values - was made in a speech to Gordon Brown's think tank, the Smith Institute.

Dr Sentamu, who is a trustee of the Institute, has in the past criticised multiculturalism and official neglect of the importance of Christian thinking and history.

But his speech today was the first admission from a senior Church of England figure that large-scale immigration since over the past five decades has brought serious problems as well as benefits. >>> By Steve Doughty | Tuesday, January 13, 2009

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September 24, 2008

Unadulterated Greed!

THE TELEGRAPH: The two most senior figures in the Church of England have launched outspoken attacks on the excesses of capitalism which they claim have led to the current global financial crisis.

The Archbishop of York, Dr John Sentamu, condemned the financial traders who made millions by driving down the share price of leading banks as "bank robbers and asset strippers".

In a powerful speech to City bankers on the effects of the credit crisis on Wednesday, he denounced the "Alice in Wonderland" world of global finance where short-sellers profited by laying bets that shares in HBOS would fall in price.

Meanwhile the Archbishop of Canterbury, Dr Rowan Williams, warned in a magazine article that modern devotion to the free market is a form of idolatry and that Karl Marx was right in his analysis of the power of "unbridled capitalism".

The pair's attacks came following a tumultuous week in which four major financial institutions went bust or were taken over, triggering multi-billion pound government rescue plans to steady the markets, after traders targeted banks that had been weakened by exposure to unrecoverable mortgage debts and a reduced ability to borrow money.

The billionaire Wall Street hedge fund manager John Paulson was one of those who made money by betting that the share price of HBOS, Britain's largest mortgage lender, would fall. The activities of such short-sellers - now temporarily banned - led to a collapse in the bank's shares last week and it had to be bought out by Lloyds TSB.

Speaking to the Worshipful Company of International Bankers, Dr Sentamu said: "Those who made £190million deliberately underselling the shares of HBOS, in spite of its very strong capital base, and drove it into the bosom of Lloyds TSB, are clearly bank robbers and asset strippers.

"We find ourselves in a market system which seems to have taken its rules of trade from Alice in Wonderland, where the share value of a bank is no longer dependent on the strength of its performance but rather on the willingness of the Government to bail it out, or rather on whether the Government has announced its intentions so to do." Archbishops of Canterbury and York Blame Capitalism Excesses for Financial Crisis >>> By Martin Beckford, Religious Affairs Correspondent | September 24, 2008

YAHOO! NEWS (UK & IRELAND):
Church Accused of Short-selling >>> PA | September 25, 2008

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