In a statement released Wednesday morning, the company says recent changes in the Canadian vacation tour market combined with the airline’s debt level have rendered the company unable to maintain profitable operations.
One employee at Skyservice headquarters near the airport tells NewsTalk 1010 that she’s shocked, adding that she thought the company was going through tough times, but not this tough.
Tour operators have been left scrambling to make alternate plans for customers that are either due to fly out in the near future or already in their destination.
“For Canadians currently travelling abroad, the Government of Canada has an emergency consular service telephone line (1-800-387-3124).
“Consumers who have paid for Skyservice tickets should contact the Canadian Transportation Agency at 1-888-222-2592 or visit its website for further information.”
Posted in Airlines, News
Tagged Air Canada, Airline, american airlines, bankruptcy, emergency, Florida, no service, noservice airlines, orlando, out of business, planes, sky service, stuck, Toronto, travel, united, westjet
By David Van Biema
Has the so-called Prosperity gospel turned its followers into some of the most willing participants — and hence, victims — of the current financial crisis? That’s what a scholar of the fast-growing brand of Pentecostal Christianity believes. While researching a book on black televangelism, says Jonathan Walton, a religion professor at the University of California at Riverside, he realized that Prosperity’s central promise — that God will “make a way” for poor people to enjoy the better things in life — had developed an additional, dangerous expression during the subprime-lending boom. Walton says that this encouraged congregants who got dicey mortgages to believe “God caused the bank to ignore my credit score and blessed me with my first house.” The results, he says, “were disastrous, because they pretty much turned parishioners into prey for greedy brokers.”
Others think he may be right. Says Anthea Butler, an expert in Pentecostalism at the University of Rochester in New York: “The pastor’s not gonna say, ‘Go down to Wachovia and get a loan,’ but I have heard, ‘Even if you have a poor credit rating, God can still bless you — if you put some faith out there [that is, make a big donation to the church], you’ll get that house or that car or that apartment.’ ” Adds J. Lee Grady, editor of the magazine Charisma: “It definitely goes on, that a preacher might say, ‘If you give this offering, God will give you a house.’ And if they did get the house, people did think that it was an answer to prayer, when in fact it was really bad banking policy.” If so, the situation offers a look at how a native-born faith built partially on American economic optimism entered into a toxic symbiosis with a pathological market.
Although a type of Pentecostalism, Prosperity theology adds a distinctive layer of supernatural positive thinking. Adherents will reap rewards if they prove their faith to God by contributing heavily to their churches, remaining mentally and verbally upbeat and concentrating on divine promises of worldly bounty supposedly strewn throughout the Bible. Critics call it a thinly disguised pastor-enrichment scam. Other experts, like Walton, note that for all its faults, the theology can empower people who have been taught to see themselves as financially or even culturally useless to feel they are “worthy of having more and doing more and being more.” In some cases the philosophy has matured with its practitioners, encouraging good financial habits and entrepreneurship.
But Walton suggests that a decade’s worth of ever easier credit acted like a drug in Prosperity’s bloodstream. “The economic boom ’90s and financial overextensions of the new millennium contributed to the success of the Prosperity message,” he wrote recently. And not positively. “Narratives of how ‘God blessed me with my first house despite my credit’ were common. Sermons declaring ‘It’s your season to overflow’ supplanted messages of economic sobriety,” and “little attention was paid to … the dangers of using one’s home equity as an ATM to subsidize cars, clothes and vacations.”
With the bubble burst, Walton and Butler assume that Prosperity congregants have taken a disproportionate hit, and they are curious as to how their churches will respond. Butler thinks some of the flashier ministries will shrink along with their congregants’ fortunes. Says Walton: “You would think that the current economic conditions would undercut their theology.” But he predicts they will persevere, since God’s earthly largesse is just as attractive when one is behind the economic eight ball.
A recent publicly posted testimony by a congregant at the Brownsville Assembly of God, near Pensacola, Fla., seems to confirm his intuition. Brownsville is not even a classic Prosperity congregation — it relies more on the anointing of its pastors than on Scriptural promises of God. But the believer’s note to his minister illustrates how magical thinking can prevail even after the mortgage blade has dropped. “Last Sunday,” it read, “You said if anyone needed a miracle to come up. So I did. I was receiving foreclosure papers, so I asked you to anoint a picture of my home and you did and your wife joined with you in prayer as I cried. I went home feeling something good was going to happen. On Friday the 5th of September I got a phone call from my mortgage company and they came up with a new payment for the next 3 months of only $200. My mortgage is usually $1,020. Praise God for his Mercy & Grace.”
And pray that the credit market doesn’t tighten any further.
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Posted in GTA Issues, GTA Religion, News, Religion, The Economy, The United States of America
Tagged 90s, adherents, bailout, Bank of America, bankrupt, bankruptcy, banks, bible, black, bless you, blessed, charisma, christians, church, Churches, corrupt churches, corrupt pastors, credit, credit crunch, credit score, cult, david van biema, Dollar, economic boom, Evangelicals, Evangelism, financial freedom, forclosures, Foreclosures, fraud, God, God and money, Gospel, loan, Melnichuk, money, mortgage, Pastors, Paul Melnichuk, Pentecostal Christianity, pentecostalism, Pentecostals, pimps, Prayer Palace, Price, Prosperity, Prosperity Gospel, pulpit pimps, Religion, subprime, subprime-lending boom, taking money, tax exempt, teaching, tele-evangelist, teleevangelism, theology, tithe, University of California, Wachovia, Walton
By Jim Stanford
Canada and the Economy
We all know the Conservatives are the “rational economic managers,” right? After all, their tax cuts, free trade agreements, and tough-love social policy are all motivated by the need to free the entrepreneurial beast within us, and allow us to pursue our natural proclivity to truck and trade with wild abandon. The productivity of the free market is the common intellectual (or should that be ideological?) thread that unites all the disparate, carefully calculated Conservative policy proposals.
How odd, then, that the record of Canadian productivity growth since the Stephen Harper government came to power is so uniquely awful. StatsCan released their second-quarter productivity numbers on Sept. 10 (http://www.statcan.ca/Daily/English/080910/d080910a.htm). Productivity declined by 0.2%, the third quarterly decline in a row.
Posted in Canada, election, GTA Politics, Ontario, The Economy, Toronto, World
Tagged bankruptcy, bay street, canada, Conservative, depression, economy, Harper, money, Ontario, recession, stats, the great depression, Toronto, wall street
The past few years have definitely been interesting for the city of Toronto. Various groups have indicated that Toronto is full of waste and inefficiencies. On the other hand, the Federal government is awash with cash. There is definitely a problem with money on all three levels of government. However, what David Miller needs to see is that people do not mind spending more, if they believe that money is properly spent. However, when a council decides not to tender a subway contract and spend money on services that may be seen as unnecessary, its no wonder that there is so much criticism. At some point Toronto City council will realize that before the city claims for bankruptcy.
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