Gold and silver prices often move in tandem, but the gap between them widened by 31% January through April in line with a trend that began nine years ago.

Bank of England Working Papers by Cristiano Cantore and Lukas Freund

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Peeking out our windows, we see America shriveling.

What’s bad for America is sometimes good for the market.

In what could herald a course reversal for the UK's National Health Service, health officials in that country have reportedly asked a team of developers to "investigate" switching its contact tracing app to a cross-platform API provided by Apple and Google.

A prolific leaker has declared that Apple has a new Apple TV 4K ready to go, and it could launch the product at any time.

At 33, Igor, from Serbia, was sick, jobless and homeless. But one winter night he met Jesus. Now he serves God with OM in Montenegro.

OM’s team in Bar, Montenegro, has been praying to expand the outreach work in the country. Their prayers have finally been answered.

God transforms the hearts of teens from two people groups, who normally do not interact, to bring them together for worship, Bible study and friendship.

Robbie and Angela from OM in Montenegro take every opportunity to bring God's love into the lives of lonely elderly people in a care home.

OMers visit the beachfront cafes for weekly Bible study, seeking to bless the businesses and share God's love all year round.

Washington, D.C. Newsroom, May 8, 2020 / 03:10 pm (CNA).- The Diocese of Springfield, Illinois, said that the Church must return to “normal life” after the governor announced plans to ban large gatherings until a COVID-19 vaccine or treatment is available.

Earlier in the week, the state’s Governor JB Pritzker unveiled a five-phase “Restore Illinois” plan that bans gatherings of more than 50 people until a vaccine or treatment is available, or the virus has stopped spreading for a sustained period of time. Health officials have said that a vaccine for the new coronavirus (COVID-19) might not be available for 12 to 18 months. 

Currently, people in the state are allowed to attend religious services of 10 or fewer people, but no gatherings of more than 10 people are permitted until phase 4 of Pritzker’s plan, and the state wouldn’t even be able to “advance” to phase 3 until May 29.

“The Church has certainly done her part in making great sacrifices to slow the spread of this virus,” Andrew Hansen, director of communications for the diocese of Springfield, Illinois, told CNA on Friday.

“That said, the Church must return to her normal life of liturgy and communal worship,” Hansen said, while emphasizing precautions such as social distancing “will likely be the appropriate path longer term for the return to some version of normalcy for the Church.”

Previously, in-person or drive-in religious services were banned in the state. The Thomas More Society filed a lawsuit on behalf of a church in Lena, Ill., on April 30. Later that evening a paragraph was added to the governor’s executive order allowing for people to leave their homes to attend religious services of ten or fewer people, the society’s president Peter Breen told CNA.

The next day, May 1, the archdiocese of Chicago announced it would be resuming public Masses with 10 or fewer people.

According to the “Restore Illinois” plan, there could not be any gathering of between 11 and 50 people in size until phase 4 of the plan—“Revitalization.”

That phase can start only when certain conditions have been met: the positivity rate of COVID tests is at or under 20% and doesn’t rise by more than 10 points over 14 days; hospital admissions don’t increase for 28 days; and hospitals have at least 14% “surge capacity” in ICU beds, medical and surgical beds, and ventilators.

Pitzker clarified in a Wednesday press conference that religious services would be part of this 50-person limit in phase 4, and schools would not be allowed to reopen until then, raising questions of how tuition-dependent Catholic schools might fare in the fall if remote learning is still widely utilized.

The state’s superintendent of education has said that at least some schools might have to begin the new school year with remote learning, or with students attending classes in-person only on certain days.

“So we continue to hope and pray schools will reopen next school year. Certainly, when our schools reopen, new measures and precautions will be in place,” Hansen told CNA.

The president of DePaul University, located in Chicago, announced earlier this week that the university already plans to “minimize our footprint on campus this fall,” and that an announcement of the fall plans could happen by June 15.

CNA Staff, May 8, 2020 / 04:15 pm (CNA).- As parishes and dioceses across the country deal with a drop in collections and the prospects of layoffs amid the pandemic, many parishes have managed to avail themselves of government loans designed to cover eight weeks of payroll expenses.

CBS News reported Friday that an estimated 12,000-13,000 of the 17,000 Catholic parishes in the U.S. had applied for Paycheck Protection Program (PPP) payroll loans from the Small Business Administration (SBA), and 9,000 so far had received them.

Guidance from the SBA on eligibility for the loans states that “no otherwise eligible organization will be disqualified from receiving a loan because of the religious nature, religious identity, or religious speech of the organization.”

Religious organizations are eligible for the loans as long as they meet the requirements of Section 501(c)(3) nonprofit and employ 500 or fewer people, the SBA said.

“The PPP isn't about the federal government assisting houses of worship or churches,” Pat Markey, the executive director of the Diocesan Fiscal Management Conference, told CBS News.

“PPP is about keeping people on payrolls, and a large segment of our society [in] the not for profit world...are churches and houses of worship. And they have people on payrolls too. So, if what this is about is keeping people on payrolls, then we all should have availability to do that.”

The Diocesan Fiscal Management Conference did not reply by press time to CNA’s request for additional comment.

Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act March 27 to help relieve the economy during the coronavirus pandemic.

The CARES Act initially authorized some $350 billion in loans to small businesses, intended to allow them to continue to pay their employees. The loans were given on a first come, first serve basis.

The second round of funding, with some $310 billion in additional funds available, began April 27.

The loans were capped at $10 million, were open to businesses with fewer than 500 employees per location, and were intended to cover two months of payroll costs.

The federal government promised to forgive the loans if a business used at least 75% of the funds to maintain its payroll at “pre-pandemic levels” for eight weeks after the loan is disbursed, the New York Times reports.

The remaining money could be used only to pay for certain expenses, such as a mortgage, rent, and utilities, according to the Times.

A survey of Protestant pastors by LifeWay Research found that about 40% had applied for PPP loans with more than half of them reporting being approved.

NPR reports that synagogues have also applied for government funding, though in a smaller proportion— of nearly 4,000 synagogues in the United States, about 250 were approved for PPP loans in the first round of lending, according to surveys by the Jewish Federations of North America and the Union of Orthodox Jewish Congregations of America.

The PPP has been subject to some criticism since its launch, including from those who say business owners with criminal records have been excluded from the program thus far.

In addition, several large companies, such as Ruth’s Chris Steakhouse, have received multi-million dollar loans through the program. Some of these large companies, such as Shake Shack, have since returned their loans.

Two New York dioceses— Rochester and Buffalo— are suing the Small Business Administration for access to PPP funds, after they were denied loans because of their bankruptcy status.

An SBA rule stipulated that the funds would not go to bankruptcy debtors. Both the dioceses of Rochester and Buffalo have filed for bankruptcy in the past several months, after being named in hundreds of clergy sex abuse lawsuits filed under New York Child Victims Protection Act.

 

This is a SOLIDWORKS tutorial to create a pot of gold money jar. This tutorial demonstrates a range of modelling tools, but also highlights the use of the centreline sketch tool as a guide for sketches, new planes, and axis for pattern or move features. The decals and coin part for this design are available to download in the tutorials blog description.

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Many designers use golden ratio in their artworks as it can create organic and aesthetically pleasing composition. You can easily find examples in daily life such as shell, flower and logos. We can also use golden ratio in SOLIDWORKS. It

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CNA Staff, Apr 22, 2020 / 05:02 pm (CNA).- A Sri Lankan priest criticized the government’s response to last year’s Easter bombings, saying the failure to thoroughly investigate has amounted to a betrayal of the people.

Father Nishantha Cooray spoke to Aid to the Church in Need (ACN) on the first anniversary of the bombings that targeted numerous sites across the country, including three churches, on April 21, 2019. The Easter attacks claimed over 259 lives and injured at least 500 more.

Police made 135 arrests following the attacks. Former president of Sri Lanka Maithripala Sirisena created a presidential commission to look into the perpetrators behind the bombings. Current President Gotabaya Rajapaksa appointed a similar committee.

But Cooray, who ministered at victims’ funerals, argued that the actions undertaken so far are inadequate. He warned that if the government does not take the investigation more seriously, it could lead to more attacks in the future.

“Although we have completed one year [since the bombings], no acceptable step has been taken in arresting the persons involved in the crime,” he said.

The priest argued that politicians made promises of a thorough investigation, and gained votes by doing so, but have not followed through on these promises.

“The newly elected government started the second chapter of the same book with the same writing style… They did not want to hurt the Muslim politicians,” he said.

“Now, we feel as if we are betrayed. Just to arouse the emotions of the people, the representatives of the government say something about the investigations [into the bombings]. It is only a good slogan for the next election.”

The Catholic Bishops' Conference of Sri Lanka has appealed to the government to appoint an independent commission to conduct an impartial inquiry.

Commemorating the attacks on their one-year anniversary, parishes in Sri Lanka rang church bells, encouraged people to observe a two-minute period of silence, and lit lamps in memory of the dead victims.

While public Masses have been canceled in Sri Lanka because of the COVID-19 pandemic, Cardinal Malcolm Ranjith of Colombo live-streamed Easter Mass on April 12. During the live stream, Ranjith voiced forgiveness for the attackers.

“[W]e meditated on Christ's teachings and loved them, forgave them and had pity on them,” he said, according to Vatican News.

“We did not hate them and return them the violence. Resurrection is the complete rejection of selfishness,” the cardinal said.

 

CNA Staff, Apr 30, 2020 / 02:00 pm (CNA).- As the Chinese government makes progress containing the COVID-19 pandemic, authorities have resumed action to remove crosses from buildings and crackdown on religious practice.

The latest round of enforcement actions have included the removal of crosses from buildings belonging to the state-run churches. According to a report from UCA News, priests say they are cooperating in the removal of exterior crosses in hopes that entire church buildings will not be demolished or converted into a building for secular use.  

According to a parishioner in the Chinese province of Anhui named John, Chinese officials cut down the cross from the top of Our Lady of the Rosary Church on April 18. Our Lady of the Rosary belongs to the Chinese Patriotic Catholic Association (CPCA, the Catholic Church officially sanctioned by the Chinese Communist Party and operating both in communion with Rome and under state control. 

The bishops of the CPCA, who were in many cases illicitly consecrated and under official excommunication, were received into full communion with Rome as part of the Vatican’s 2018 provisional agreement with China. The full terms of the China deal were not released to the public but have been reported to include the right of state authorities to propose and veto candidates for the episcopacy in China. 

John, speaking to UCA News, explained that on April 13, the leaders of Our Lady of the Rosary--which does not have a member of the clergy assigned to it, and all religious activities are organized by the laity--asked the city authorities about making repairs to the church building. Three days later, the community director of the city requested keys and access to the church, in order to remove its cross. 

Concerned parishioners went to Bishop Joseph Liux Xinhong of the Diocese of Anhui, who told them to request more information from the local CPCA office. The local CPCA office said they did not know of any plan to remove the cross from the building. 

Xinhong was one of the bishops who had his excommunication lifted and his position recognized by the Vatican following the 2018 provisional deal. 

On April 17, the parish community leader said that he had been given “directions from superiors” regarding removing the cross. The following day, said John, the cross was removed by a “team of young people.”

Elsewhere in the province of Anhui, on April 19 a cross was removed from a church in Suzhou City during pre-dawn hours, presumably to avoid the chance of a crowd protesting its removal. A man from the diocese named Paul told UCA News that the removal had previously been scheduled for the afternoon. 

Paul said that police officers blocked people from entering the church or taking pictures of the removal, and that a cell phone had been confiscated after it captured a picture of the cross coming down. 

In Hefei City, which is also located in the Anhui province, authorities on April 27 took a cross off a building for a Protestant church. 

A priest from the Diocese of Anhui, identified only as “Father Chen,” told UCA News that these sorts of activities are “happening all over the mainland” and are not limited to one diocese or province. 

 “If the churches don’t unite to resist, many more crosses will be removed,” he said.

In September 2017, China enacted strict new regulations concerning religion. Since then, authorities have been vigilant in enforcing permitting requirements. Churches that are not found to be in compliance are destroyed. 

CNA Staff, May 5, 2020 / 03:01 pm (CNA).- At least 51 workers have been infected with the novel coronavirus at the Grasberg mine in Indonesia, the world’s largest gold mine.

Nine employees of Freeport McMoRan, the organization who operates the mine, have been hospitalized due to COVID-19 and another 42 have been forced into quarantine, UCA News reported May 5.

The mine is located in Papua and is known for its production of gold and copper. The operation includes around 20,000 employees.

Riza Pratama, vice president of Freeport, said the company will fully cooperate with the government's coronavirus task force but will continue mining operations to support the national economy. He said the company will prioritize the health and safety of workers and will conduct regular health screenings, implement social distancing, provide a quarantine area for employees, according to UCA News.

Father Ansel Amo, who heads the Justice, Peace, and Integrity of Creation Commission for the Archdiocese of Merauke, said these measures are not enough to protect workers.

“Freeport management should limit workers’ activities so that they don’t transmit the disease to other people, including local people. They should stop its operations temporarily,” he told UCA News.

Indonesia has seen more than 12,000 cases from the coronavirus, leading to 872 reported deaths as of May 5. Globally, more than 3.7 million cases of the virus have been reported, and a quarter of a million deaths.

A Malagasy girl exemplifies dedication to spreading the gospel.

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The African Union Development Agency says countries should think about how they choose the lesser of the two evils because strict lockdowns have severe consequences.

Mineral Resources and Energy Minister Gwede Mantashe says that if there is appetite for nuclear power in the market, the SA government will pursue it over the next five years.

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