A multi - faceted:
US President Barack Obama has recently signed his
economic stimulus package in which the Obama administration has
proposed a series of new tax concessions and bail out packages to
the crisis ridden banking, Agro and Industrial sectors of the US
Irresponsible caretaker and financial crisis
Nature, extent and causes of the crisis:
The economies of the riches and most powerful
countries that created the current global financial and trading
system have taken a massive direct hit, and the world is in shock.
Destabilising religion, demeaning spiritual and cultural values
The Catholic Church adopted a policy to convert
people to Christianity at any cost and it persecuted non-Christians.
In the year 2000, Pope John Paul II, publicly apologised for the
misdeeds committed by Church in the name of religion.