Market King

"The king's heart is in the hand of the Lord; he directs it wherever he pleases" Prov 21:1

In our modern marketplace our Kings maybe our bosses or the companies we work, but God needs to rule over our lives. When we let him reign we are submitting to the destiny he has in store for us, irregardless if the circumstances appear dire. We have faith and trust in his word that he can change those circumstances.

God is a jealous king, he wants us to have no other kings above him. If you have made your employer, business or the market king over your life, it is time to remember that he is sovereign and he reigns over all. It is time to submit to his will and stop putting your trust in your business and start putting your trust in God.

Peace in (Market) Turmoil

"Come to me all you who labor and are heavy laden and I will give you rest"

This verse in speaks specifically to those of us that work and work in the marketplace. The last time the market was in this much turmoil I was but a child, so I can't say that I know what it was like to experience previous recessions, but I do know the result, we came out the other side and stronger.

I know that God's promises are true. In Matt 11:28 he gives us a promise of rest (peace) for such a time as this. It may seem hard to find peace in the midst of all this volatility, it may seem like trying to drink a cup of tea on a roller coaster ride; impossible. But God's promises are true. His peace surpasses all understanding.

This market feels like a roller coaster market ride and during this time we have to pray for God's peace. Jesus gives us the ultimate example of peace, he was so peaceful he actually fell asleep in the boat while his disciples thought they were going to drown. Sometimes we feel like Christ is asleep, he is silent, we feel he is not with us in the midst of the storm, but He is there. If you are not praying in this market turmoil it is not too late to start, cry out to God and he will hear your plea. He will give you peace and in that peace will come wisdom and clarity as to what to do during this market. He will direct our sails and set us do north to were it is he wants to take us.

Praying fo alimighty $$ -NY Post Article

The mighty are falling on their knees in prayer at Trinity Church on Wall Street. The number of worshipers at the midday service has jumped from about 50 to 110 on some days, said lay minister Carlos Mateo. "We're seeing more people come in to pray and to think," the Rev. Mark Bozzuti-Jones wrote in the church newsletter. A hedge-fund executive who identified himself only as Charlie said, "I've been to Trinity four times in the last month and I hadn't been here in over a year." Worshiper James Fazio, 43 who works at a downtown insurance company said, "I pray that God will be watching me, my family and everyone else, and the bad people will have to pay for what they've don." -Kerry Willis, Rebecca Rosenberg and Tim Perone of the NY Post

1907 Market Panic: J.P. Morgan leaves Church to save the Market

Back in 1907, there was a similar panic to the one we are facing today. It was a time that involved a failed attempt to corner the market on a stock of a copper company that lead to a run on the banks. Like this past week's injection by the Treasury department of billions of dollars, bank in 1907 the Treasury injected millions of dollars into the system. While this injection of capital helped, it was actually J. Pierpont Morgan (aka J.P. Morgan) the banking magnet that actually saved the day. J.P. Morgan was attending a church conference in Virginia when the panic hit Walls Street. That night he took a train back from to New York City, where immediately got others to join together to form a pool of capital that was then used to pay the depositors at the banks. Once the depositors realized that they were able to get their money, the panic eased.

Today I heard a sermon by Pastor Stephen Hickson of C3 Manhattan (www.c3manhattan.org) entitled, "For such a time as this" that was on how Christians are to rise up during desperate times like 9.11 to be leaders that guide people to Christ in such a time. This sermon made me wonder if history would have been the same if J.P. Morgan was not at a church conference when the panic broke out. Would he have had the spiritual fortitude, peace and confidence to stabilize the market, or would he too have been acting out of panic?

We as believers during this current market turmoil must use our spiritual fortitude to lead others toward stability, peace and Faith.

1857 Market Panic leads to 10,000 gathering to pray

At noon on September 23, 1857, a businessman Jeremy Lamphier, started a prayer meeting in lower Manhattan on Fulton street only a couple of blocks from Wall Street. He invited many people but only six showed up, however this did not discourage Lamphier as he already knew the history of prayer and its ability to bring revival.

What does a prayer meeting have to do with Stockcasting and business on Wall Street? In times of crisis we need to pray. Seventeen days after Lamphier started his prayer meeting on October 10th, 1857 the stock market crashed. The crash is now described as the "great panic of 1857".

Within six months Lamphier's little prayer meeting had grown to nearly 10,000 people a day. This revival in prayer spread to other American cities as well. In Chicago 2,000 gathered daily for prayer. Other cities like St. Louis, Cleavland, Louisville experienced similar revivals. By February 1858 the media caught wind of the revival and several articles were written including ones in the New York Herald and the New York Tribune. It was this small prayer meeting of six men led by Jeremy Lamphier lead to what is now known as "The Third Great Awakening". This revival spread quickly to Ireland, Scotland, Wales, England, Europe, South Africa, India, Australia, and the Pacific islands.

Praying for Success in Shanghai

The head of SMIC is a born-again boss who mixes evangelical Christianity with business
This article was published in Buisiness week July 14/21st 2008:
by Bruce Einhorn and Chi-Chu Tschang

Shanghai - On a gray Sunday morning, some 800 people are crammed into Thanksgiving Church in Shanghai. Among the congregants is Wang Cuimei, a 21-year-old from a village in northern China. She just started working at Semiconductor Manufacturing International, whose headquarters are down the street. While Wang isn't a Christian, she decided to attend the service after hearing about it from the leader of her new-employee training program.

It didn't hurt that top SMIC executives had helped set up the church. "The leaders care about us," Wang says. "Apparently everyone is a Christian, so we wanted to take a look." Adds her friend Liang Shuihong, 21: "We have a responsibility and a duty as employees to go." So the pair made the five-minute walk to the church from their SMIC dorm. Following a sermon from the government-approved pastor and much singing of hymns (with Chinese lyrics projected onto giant screens suspended from the ceiling), Wang says she is impressed and plans to return. "There is a lot of kindness in this place," she says.

That's good news for Richard Chang, the Taiwanese-American chief executive of SMIC. Chang, who eschews the expensive suits, flashy watches, and other bling favored by China's new business class, says spreading the gospel is a key part of his work. He and his colleagues "were called to China to share God's love," Chang says. That sort of talk is rare in a country ruled by a Communist Party that is officially atheist and has a long history of hostility toward Christianity. Yet Chang, 60, feels no hesitation in describing the role his faith plays in his business life. "The Lord says, 'Do good things to those in need,'" he says.

Chang could use some help himself. He spent nearly three decades at Texas Instruments (TXN) and other semiconductor companies before launching SMIC in 2000. Since then, he has built the company into China's largest chipmaker, with operations in five cities, and the world's No. 3 foundry, or contract manufacturer of semiconductors. But even with a slew of A-list customers such as Qualcomm (QCOM), Toshiba (TOSBF), Broadcom (BRCM), and Freescale, Chang has struggled to make the company profitable. SMIC lost $19.5 million on sales of $1.5 billion last year, and its New York-traded American depositary receipts have dropped more than 80% since the company's initial public offering in 2004.

HELP FROM ABOVE?
Righting the ship is now Chang's biggest business challenge. In April, SMIC announced it had phased out memory chips, which once contributed a majority of the company's revenue, because it's so difficult to turn a profit in that cyclical business. Instead, SMIC is focusing more on higher-end chips. In December the company signed a deal to license advanced chip manufacturing technology from IBM (IBM). And SMIC says it's talking with potential strategic investors interested in taking a stake in the company to help fund new, multibillion-dollar chip plants. "We knew there would be challenges [in China], but we knew the Lord would help us to solve the difficulties," Chang says.

Chang's efforts are part of a growing focus on China by evangelical Christians from the West. Although Beijing requires all congregations to adhere to a one-size-fits-all Protestant church that doesn't differentiate among Methodists, Baptists, or others, there are signs that evangelicals are gaining popularity. Geoff Tunnicliffe, CEO of the World Evangelical Alliance, traveled to China in April, and Franklin Graham, Billy Graham's son and heir, gave a Sunday sermon in May to 12,000 people in the eastern city of Hangzhou.

Few mix the Bible and business as openly as Chang. He helped fund the church in Shanghai—which opened on Christmas Day 2005—and several others across the country. He emphasizes that the money is his own, not SMIC's, and says the company doesn't force anyone to attend services. "If they want to know more about Christianity," he says, "we encourage them." Pastor Shen Xuebin, associate general secretary of the Shanghai Christian Council, the government body that oversees official Protestant congregations in the city, stresses that it wasn't SMIC that built the Thanksgiving Church. "China's church," he says, "built this church."

CHRISTIAN LEADERSHIP
Chang, who says he was born again as a teenager in Taiwan, has helped draw many other evangelicals to Shanghai. Matthew Szymanski, an evangelical Christian who joined SMIC in 2007 after working as a legislative aide on Capitol Hill for the Republican House leadership, estimates there are 1,000 Christians among the company's 12,000 employees, including "a substantial minority" of top managers. For instance David Lin, senior director of chip design services, became a Christian in 1993 while working for AT&T Bell Labs in Pennsylvania. Lin and his wife have been active in various churches since arriving in Shanghai in 2002. "Our decision to come to China was primarily because we hope to spread the Gospel," he says.

Pastor Shen says he's happy to get support from Chang and other SMIC executives. There's no conflict, he says, between the Party's goals and what the Christians are doing. "We are contributing to economic reforms," says Shen. Adds Chang: "The government realizes the value of good religion." Indeed, for a government that antagonizes the Vatican by appointing its own bishops, suppresses the indigenous Falun Gong religious movement, and vilifies the Dalai Lama, there might even be some propaganda benefits in courting Chang and his Christian community at SMIC.

Still, religion is a sensitive subject, and Chang makes it clear that his good works aren't just church-related. He has, for instance, funded schools and set up training programs for young SMIC workers, and the company donated $140,000 to victims of the May earthquake in central China. He boasts that SMIC was one of the first Chinese companies to provide psychological counseling services for employees. And SMIC offers stock and options to every worker. "With the Lord's blessing, we believe that stock options may significantly benefit employees," he says. And if more of those employees drop by Thanksgiving Church on Sunday mornings, all the better.

Einhorn is Asia regional editor in BusinessWeek's Hong Kong bureau . Tschang is a correspondent in BusinessWeek's Beijing bureau.

Reaching Beyond Our Grasp

There is a difference between holding on to a principle and having a vision. A principle does not come from moral inspiration, but a vision does. People who are totally consumed with idealistic principles rarely do anything. A person’s own idea of God and His attributes may actually be used to justify and rationalize his deliberate neglect of his duty. Jonah tried to excuse his disobedience by saying to God, ". . . I know that You are a gracious and merciful God, slow to anger and abundant in lovingkindness, One who relents from doing harm" ( Jonah 4:2 ). I too may have the right idea of God and His attributes, but that may be the very reason why I do not do my duty. But wherever there is vision, there is also a life of honesty and integrity, because the vision gives me the moral incentive.

Our own idealistic principles may actually lull us into ruin. Examine yourself spiritually to see if you have vision, or only principles.

Ah, but a man’s reach should exceed his grasp, Or what’s a heaven for?

"Where there is no revelation [or prophetic vision]. . . ." Once we lose sight of God, we begin to be reckless. We cast off certain restraints from activities we know are wrong. We set prayer aside as well and cease having God’s vision in the little things of life. We simply begin to act on our own initiative. If we are eating only out of our own hand, and doing things solely on our own initiative without expecting God to come in, we are on a downward path. We have lost the vision. Is our attitude today an attitude that flows from our vision of God? Are we expecting God to do greater things than He has ever done before? Is there a freshness and a vitality in our spiritual outlook?

This is an excerpt from Oswald Chambers My Utmost for His Highest www.rbc.org