Tuesday, December 20, 2011

Merry Christmas & Happy New Year

I'm off for my holiday break and wanted to wish you all a happy and joyous Christmas. I know that the news we link to here is often grim but I'm sure that most of you who visit this site are Christians who understand that beyond the headlines we know that God is sovereign and always in control. We know that this effort to be watchful has a purpose and a focus, and that focus is on Jesus Christ.

We watch the signs of His return, but this season is all about the First Coming, not the Second Coming, so as we turn to our families and friends to celebrate the holidays we offer thanks and praise to God and above all, celebrate Jesus as the reason for the season.

Hark the Herald Angels Sing
lyrics by Charles Wesley

Hark the herald angels sing
"Glory to the newborn King!
Peace on earth and mercy mild
God and sinners reconciled"
Joyful, all ye nations rise
Join the triumph of the skies
With the angelic host proclaim:
"Christ is born in Bethlehem"
Hark! The herald angels sing
"Glory to the newborn King!"

Christ by highest heav'n adored
Christ the everlasting Lord!
Late in time behold Him come
Offspring of a Virgin's womb
Veiled in flesh the Godhead see
Hail the incarnate Deity
Pleased as man with man to dwell
Jesus, our Emmanuel
Hark! The herald angels sing
"Glory to the newborn King!"

Hail the heav'n-born Prince of Peace!
Hail the Son of Righteousness!
Light and life to all He brings
Ris'n with healing in His wings
Mild He lays His glory by
Born that man no more may die
Born to raise the sons of earth
Born to give them second birth
Hark! The herald angels sing
"Glory to the newborn King!"

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Friday, December 09, 2011

My Way News - Europe forges fiscal union, sees way out of crisis
My Way News reports: "Working almost to exhaustion and persuading countries one by one, European leaders agreed Friday to redefine their continent - hoping that by joining their fiscal fortunes they might stop a crippling debt crisis, save the euro currency and prevent worldwide economic chaos [...] Friday's agreement - 23 countries are in favor and three more say they are open to the idea - would force countries to submit their budgets for central review and limit the deficits they can run [...] A breakup of the euro would have disastrous consequences. It would almost certainly trigger a financial crisis while banks figured out who owned what and while countries leaving the union awkwardly transitioned back to their own sovereign currencies."

Comment: It appears that Europe has succeeded in a rescue plan for both the euro and the Union. 26 countries said yes, one said no. There is still much work to be done though in ratifying the new treaties (it's not just one) and many steps along the way where things can still unravel. Will the European Union continue to grow and expand or collapse into a smaller more tightly integrated group? Keep watching.

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