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Month: September 2009

Commercial Real Estate Loan Foreclosures Coming to Pass

From Calculated Risk:

This is happening all across the country: falling demand [for commercial real estate] and still more office supply coming available as large commercial real estate projects are completed. This means falling rents and property values. And as the construction loans come due, there will be more and more losses for lenders.

From WashingtonPost article cited in Calculated Risk’s blog:

“We may see the commercial version of the subprime situation,” said Steve Silverman, director of the Montgomery County Department of Economic Development.

This was predicted earlier this year by Gerald Celente, founder of Trends Research Institute. The question is, will the effects of this and other situations prove to be as dire as he predicted? We’ll have to see I guess.

The Global Illicit Economy

The Active Obedience of Christ – Wayne Grudem

The Active Obedience of Christ – Wayne Grudem

If Christ had only earned forgiveness of sins for us, then we would not merit heaven. Our guilt would have been removed, but we would simply be in the position of Adam and Eve before they had done anything good or bad and before they had passed a time of probation successfully. To be established in righteousness forever and to have their fellowship with God made sure forever, Adam and Eve had to obey God perfectly over a period of time. Then God would have looked on their faithful obedience with pleasure and delight, and they would have lived with him in fellowship forever.

For this reason, Christ had to live a life of perfect obedience to God in order to earn righteousness for us. He had to obey the law for his whole life on our behalf so that the positive merits of his perfect obedience would be counted for us. Sometimes this is called Christ’s “active obedience,” while his suffering and dying for our sins is called his “passive obedience.” Paul says his goal is that he may be found in Christ, “not having a righteousness of [his] own based on law, but that which is through faith in Christ the righteousness from God that depends on faith” (Phil. 3:9). It is not just moral neutrality that Paul knows he needs from Christ (that is, a clean slate with sins forgiven), but a positive moral righteousness. And he knows that that cannot come from himself, but must come through faith in Christ. Similarly, Paul says that Christ has been made “our righteousness” (1 Cor. 1:30). And he quite explicitly says, “For as by one man’s disobedience many were made sinners, so by one man’s obedience many will be made righteous” (Rom. 5:19).

Controversial Video Shown to Elementary Students

Parents upset over ‘leftist propaganda’ video (Archive)

Many of the things each celebrity lists in this video are inherently good things. I’m absolutely an advocate of looking after my neighbor’s interests and not only my own, though of course not through a government mandate, but willingness of heart. Loving our neighbors as ourselves is part of the summing up of the entire law, according to Jesus Himself. And just on its face, this is a virtue any society should uphold. I’m also in favor of building stronger communities in which we do help each other, although of course I believe the church should be a strong, influential, integral member in the community as well, in order that the Gospel may spread to those who don’t know Christ.

What I primarily negate in this video (even before the political aspect) is the worldview and theological perspective this understanding of serving others springs from: it is secular, postmodern humanism, that is, the exaltation of humanity. Some version of this can be seen in history in Genesis 11:1-11 at the Tower of Babel. Humans were made (dare I say designed) to worship. And if we don’t worship the Lord, the true God, and refuse to make Him the center of our lives through Christ alone, we will worship something else, of necessity. Martin Luther called the human heart an “idol factory.” And rightfully so.

Panel – N.T. Wright and the Doctrine of Justification

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