The Tennessean.com posted a story today about cutbacks at the Woman's Missionary Union. It was reported that they won't ask for additional donations for operating costs. Instead they are slashing personnel expense. The article mentions unpaid furlough for employees, a hiring freeze, no raises, and pension cuts. This is a strong contrast from the "bailout" mentality that is dominating our culture. It was their rationale that caught my attention. Here's the quote: Julie Walters, communications specialist at the union's headquarters in Birmingham, Ala., said the organization's priority is … [Read more...] about When Money Is Tight The WMU Leads By Example
SBC Institutions & Entities
Southwestern Seminary $3.5 Million Shortfall
SWBTS has announced it must cut at least $3.5 million (about 10%) in expenses this year. The seminary is attempting to limit cuts to current employees or faculty, but "current economic trends would make this goal difficult to achieve." Two programs have already been suspended: Naylor Children's Center, a laboratory school under the direction of the school of educational ministries Oxford Study Program and all of the Traveling Scholar overseas on-site study trips Which Institution Is Next? This announcement follows similar cutbacks from Southern Seminary. I would expect to hear … [Read more...] about Southwestern Seminary $3.5 Million Shortfall