I have come to take Jesus from the Rich, and those alleged Christians who support the Rich.
John the Nazarite
Your sorrow will soon turn to Joy.”
In Luke 4.18-19 we read of the beginning of Jesus’ ministry in a Synagogue in Nazareth. He stands up to be recognized, the attendant hands him the Torah roll, specifically the roll of Isaiah, to read, and he seeks a particular, Messianic passage, Isaiah 61.1-2, Luke 4.18-19).
‘The spirit of the Lord God is upon me, because God has anointed me to preach good news to the meek, he has sent me to bind up the broken of heart, to proclaim liberty to captives and to those who are prisoners, freedom, to proclaim the Jubilee year of the Lord and the day of God’s vengeance’.
The terms that Jesus was using in his discourse were those associated with Sabbatical Years, and with the Jubilee Year that was observed every fiftieth year. In this year all the debts of the poor were absolved, and slaves set free. Jubilee Years were not being celebrated by the Jews in the 1st century, yet the ordinary seven-year sabbatical cycle was very much in evidence among the Jews and Samaritans. The last time the Jubilee was celebrated was in 121 BCE.
I suspect Jesus was calling for the reinstatement of the Jubilee Year and thus the severe questioning from the Jews as to his authority to call for the freeing of slaves, the forgiveness of all debts by the poor who became slaves to fellow Jews in order to pay a debt, and, the non-payment of taxes during the Jubilee Year, which would get him in trouble with the Romans and the wealthy Sanhedrin who approved of Roman rule because it created a upper class, the very thing the Jubilee Year was designed to prevent from being permently established. The wealthy Jews who saw loss of revenue, and the return of lands to the poor tenants, tried to murder Jesus, who I suspect has produced Revelations, proclaiming himself the Alpha and Omega, the first and last days when God will have his vengeance and Judgement. The Jubilee Year began on the Day of Atonement.
Here is the proof that Jesus was preaching Orthodoxy
A month after Bank of America got pummeled by consumers and politicians for introducing plans for new debit-card fees, most other big U.S. banks are steering clear of imposing similar charges.
SmartMoney: Banks Mull ‘Stealth’ Fees
Deal Journal: Banks’ Caving on Debit Fees May Cost Consumers in Other Ways
Overheard: J.P. Morgan’s Dimon Lets BofA Dance Alone
Following eight months of consumer testing, J.P. Morgan Chase & Co. has decided that it won’t charge customers who use their debit cards to make purchases, according to a person familiar with the bank’s plans. The New York bank’s Chase retail unit is one of the largest U.S. consumer banks, with 26.5 million checking accounts and 5,300 branches.
J.P. Morgan joins U.S. Bancorp, Citigroup Inc., PNC Financial Services Group Inc., KeyCorp and other large banks that have said in recent days that they won’t impose monthly fees on debit cards. None of those banks said they made their decisions because of the outcry over Bank of America’s fees.
Experience WSJ professional
Editors’ Deep Dive: Banks Debate New Fees
Financial Fee Cuts Just Tip of Iceberg
Finding Info on Bank Fees May Take Digging
Fee-free Overseas Banking the New Frontier
Access thousands of business sources not available on the free web. Learn More
“We looked at all options and quickly decided it didn’t fit with our overall strategy,” said David Bowen, who runs the consumer-product business at Cleveland-based Key, which ranks among the 20 largest banks in the country.
Banks are loading fees onto customer accounts in an attempt to recover billions of dollars in revenue that will be lost from new restrictions on debit cards, credit cards and overdrafts. Most big banks have already eliminated free checking for customers who don’t meet certain criteria on their accounts, such as minimum balances or a certain number of direct deposit transactions.
WSJ Deal Journal writer Shira Ovide stops by Mean Street to discuss banks that have given in to pressure to not launch or eliminate debit card fees. Ovide says banks often make up for those fees elsewhere.
Bank of America Corp. has begun laying plans to charge millions of customers $5 a month if they use their debit cards to make purchases. The bank is still working out details of its plans, which likely won’t affect all customers, according to a person familiar with the situation. SunTrust Banks Inc., Atlanta, is also tacking a $5 monthly fee on some debit-card users, while Regions Financial Corp. of Birmingham, Ala. is charging $4 a month on some accounts.
Insight from CFO Journal
Non-GAAP Measures Return to Venture-Backed IPOs
Europe’s CFOs Prepare for Less Lending
P&G CFO Sees ‘Challenging’ Quarter Ahead
Read CFO Journal. »
Wells Fargo & Co. is testing a $3 monthly debit-card fee in five states.
The debit-card fees stem from a provision in last year’s Dodd-Frank financial-overhaul law that reduced by roughly half the amount that banks are permitted to charge merchants for debit-card transactions. Merchants had long complained that they were being charged too much to accept debit cards, which are typically used instead of cash and checks.