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May 15, 2008

Willow Creek's 'Huge Shift'

Christianity Today: Willow Creek's 'Huge Shift'

After modeling a seeker-sensitive approach to church growth for three decades, Willow Creek Community Church now plans to gear its weekend services toward mature believers seeking to grow in their faith.

The change comes on the heels of an ongoing four-year research effort first made public late last summer in Reveal: Where Are You?, a book coauthored by executive pastor Greg Hawkins. Hawkins said during an annual student ministries conference in April that Willow Creek would also replace its midweek services with classes on theology and the Bible.

Whether more changes are in store for the suburban Chicago megachurch isn't clear. Hawkins declined CT's interview request, and senior pastor Bill Hybels was unavailable for comment. ...

The Earth Destroyed by Fire?

Concerning the idea that the earth will be consumed in a great conflagration at the end, Michael Wittmer writes in Heaven is a Place on Earth:

This popular, though misguided notion likely arises from a misunderstanding of 2 Peter 3:10-13.

But the day of the Lord will come like a thief. The heavens will disappear with a roar; the elements will be destroyed by fire, and the earth and everything in it will be laid bare.  Since everything will be destroyed in this way, what kind of people ought you to be? You ought to live holy and godly lives as you look forward to the day of God and speed its coming. That day will bring about the destruction of the heavens by fire, and the elements will melt in the heat. But in keeping with his promise we are looking forward to a new heaven and a new earth, the home of righteousness.

During the sixteenth and seventeenth centuries, the best available Greek manuscripts of 2 Peter 3:10 read that “the earth and all of its works will be burned up.” This is how every translation of that period, including the King James Version, rendered the verse. It is easy to see how whole generations of Christians learned from their Bibles to expect a future fire that would annihilate the entire world.

However, scholars have since discovered older, more reliable Greek manuscripts, and these texts say that rather than burning up, “the earth and all of its works will be found.” Instead of being destroyed, this term “found” implies that the quality of our works will be “laid bare,” discovered for all to see. Much like gold passing through a smelting furnace, the good that we do will be purified while our less noble efforts will slough off. Read this way, Peter’s vision of a coming conflagration seems to be purging rather than annihilating fire.

Perhaps this is why Peter compares the coming “destruction” by fire with the world’s previous “destruction” by water (2 Peter 3:6-7). Justas the Great Flood did not annihilate the world but primarily cleansed it of its numerous sinners, so the impending fire seems to perform an ethical cleansing rather than an ontological annihilation. In short, if the “destruction” of the flood did not annihilate the world, why should we think that the future “destruction” by fire will do so?

Peter’s point is that since the coming conflagration will purge the earth of its impurities, strive to live such good lives that when you and the works of your hands pass through the refining fire, both you and your cultural contributions will survive. Thus, rather than give cause for despair, Peter’s admonition inspires hope that our highest cultural achievements, such as the Mona Lisa, Westminster Abbey, and Eine Kleine Nachtmusik, will make it through to the new heaven and new earth.

May 14, 2008

Why the chicken crossed the road - update

BARACK OBAMA:
The chicken crossed the road because it was time for a CHANGE! The chicken wanted CHANGE!

JOHN MC CAIN:
My friends, that chicken crossed the road because he recognized the need to engage in cooperation and dialogue with all the chickens on the other side of the road.

HILLARY CLINTON:
When I was First Lady, I personally helped that little chicken to cross the road. This experience makes me uniquely qualified to ensure -- right from Day One! -- that every chicken in this country gets the chance it deserves to cross the road. But then, this really isn't about me.......

DR. PHIL:
The problem we have here is that this chicken won't realize that he must
first deal with the problem on 'THIS' side of the road before it goes
after the problem on the 'OTHER SIDE' of the road. What we need to do is
help him realize how stupid he's acting by not taking on his 'CURRENT'
problems before adding 'NEW' problems.

OPRAH:
Well, I understand that the chicken is having problems, which is why he
wants to cross this road so bad. So instead of having the chicken learn
from his mistakes and take falls, which is a part of life, I'm going to
give this chicken a car so that he can just drive across the road and
not live his life like the rest of the chickens.

GEORGE W. BUSH:
We don't really care why the chicken crossed the road. We just want to
know if the chicken is on our side of the road, or not. The chicken is
either against us, or for us. There is no middle ground here.

COLIN POWELL:
Now to the left of the screen, you can clearly see the satellite image
of the chicken crossing the road...

ANDERSONCOOPER - CNN:
We have reason to believe there is a chicken, but we have not yet been
allowed to have access to the other side of the road.

JOHN KERRY:
Although I voted to let the chicken cross the road, I am now against it!
It was the wrong road to cross, and I was misled about the chicken's
intentions. I am not for it now, and will remain against it.

NANCY GRACE:
That chicken crossed the road because he's GUILTY! You can see it in his
eyes and the way he walks.

PAT BUCHANAN:
To steal the job of a decent, hardworking American.

MARTHA STEWART:
No one called me to warn me which way that chicken was going. I had a
standing order at the Farmer's Market to sell my eggs when the price
dropped to a certain level. No little bird gave me any insider information.

DR SEUSS:
Did the chicken cross the road? Did he cross it with a toad? Yes, the
chicken crossed the road, but why it crossed I've not been told.

ERNEST HEMINGWAY:
To die in the rain. Alone.

JERRY FALWELL:
Because the chicken was gay! Can't you people see the plain truth?'
That's why they call it the 'other side.' Yes, my friends, that chicken
is gay. And if you eat that chicken, you will become gay too. I say we
boycott all chickens until we sort out this abomination that the liberal
media white washes with seemingly harmless phrases like 'the other side.
That chicken should not be crossing the road. It's as plain and as
simple as that.

GRANDPA:
In my day we didn't ask why the chicken crossed the road. Somebody told
us the chicken crossed the road, and that was good enough.

BARBARA WALTERS:
Isn't that interesting? In a few moments, we will be listening to the
chicken tell, for the first time, the heart warming story of how it
experienced a serious case of molting, and went on to accomplish its
life long dream of crossing the road.

ARISTOTLE:
It is the nature of chickens to cross the road.

JOHN LENNON:
Imagine all the chickens in the world crossing roads together, in peace.

BILL GATES:
I have just released eChicken2007, which will not only cross roads, but
will lay eggs, file your important documents, and balance your check
book. Internet Explorer is an integral part of eChicken. This new
platform is much more stable and will never cra...#@&&^(C% .........
reboot.

ALBERT EINSTEIN:
Did the chicken really cross the road, or did the road move beneath the
chicken?

BILL CLINTON:
I did not cross the road with THAT chicken. What is your definition of
chicken?

ALGORE:
I invented the chicken!

COLONEL SANDERS:
Did I miss one?:

DICK CHENEY:
Where's my gun?

AL SHARPTON:
Why are all the chickens white? We need some black chickens.

(HT: My mother-in-law, but I don't know the original source.)

What happened to global food prices?

Ajay Shah's Blog: What happened to global food prices? (HT: Marginal Revolution)

...Hypothesis: The spike in world food prices is caused by increased demand in China and India, particularly the shift towards consumption of meat as people get richer. My problem with this explanation is that it doesn't explain why the price index for major food crops was stable at 100 from 1990 till 2005, and spiked thereafter. China and India had a massive transformation of incomes and the structure of the food basket from 1990 to 2005.

Hypothesis: It's the evil speculators. Speculators who anticipated higher prices would have held more inventory. But the graph shows that inventories have dropped from 2000 onwards. There was less hoarding, not more. ...

...When demand is bigger than supply for a nonstorable commodity with zero short-term supply elasticity, prices would rise as much as is needed to close the gap. Demand can only shrink when some people get pinched and ease up on consumption. These are the poor. Poor people are the shock absorber that stabilise prices for non-storable agricultural commodities....

...GDP growth yields fewer poor people who respond to higher wheat prices by purchasing less meat or wheat, i.e. we have less of a shock absorber. That generates a reduced elasticity of demand of wheat. So prices have to rise by more in order to clear a supply-demand imbalance than was required in the past when there were more poor people who would adjust.

In the bad old days, people in China and India supplied the world with a large shock absorber, a large mass of poor people who tightened their belts when prices rose. This gave higher global demand elasticity and reduced price volatility. From the late 1970s, economic reforms in China and India have given greater affluence and thus diminished this shock absorber....

Interpreting the Bible: Conclusion

We’ve come to the end of this series on Kenneth Bailey’s DVD lectures on Interpreting the Bible. I’m sure I haven’t done it justice but I hope you have at least captured a sense of Bailey’s teaching.

Personally, I appreciate the succinct way he deals with the issue of inspiration and the way he describes the origin of the Bible. His overview of the formation of Luke gives a lot of good material to reflect on.

The recurring theme with Bailey throughout these lectures is that the Bible was written by people to people in specific social and historical contexts. The Bible is a faithful witness to the work of God in those contexts. Therefore, we must begin with social and historical context before moving to meditation, inspiration, and application.

We can’t do this perfectly and that is what I like about Bailey’s notion of having perspectives that are tentatively final. That is not license for timidity. We musn’t wait until we have things all figured out before we act. In fact, I believe that is in acting on what we learn in scripture through God’s leading that our interpretive skills are sharpened.

Finally, Bailey has a phrase he uses frequently. He says, “It doesn’t so much matter where you are on the ladder. What matter is did you get there by climbing or falling.” His point being that we all know imperfectly. The central issue is whether or not we are wrestling with the issues and trying to work our way up the ladder. Or are we just being sloppy and slothful. I hope that maybe this series helps move us another rung or two up the ladder.

[Index]

May 13, 2008

The Empire Strikes Barack

This has already had more than a million hits, and you've probably already seen it, but I thought I'd post it here to. (HT: Brad Wright)

4 Generations of Workers - Can You Relate?

Business Pundit: 4 Generations of Workers - Can You Relate?

Today’s workforce is a diverse mix of generations that each come with their collective background and value systems. Understanding their unique perspectives is important in a large organization where they are likely to be working side by side. Professor at the Instituto de Empresa in Madrid, Spain, Cristina Simón’s study Generation Y and the Labor Market: Models for HR Management, address differences in generational values. Simón looked at our generations of workers, analyzed their values and suggested ways for businesses to get people working together.

Four Generations and Their Values

Traditional Workers (born before 1946/over 60) ...

Baby Boomers (1946-1960/late 40s and up) ...

Generation X (1961-1979/30s and 40s) ...

Generation Y (starting from 1980/under 30) ...

New Survey Shows U.S. Religious Giving to Developing Countries at $8.8 Billion

Christian Newswire: New Survey Shows U.S. Religious Giving to Developing Countries at $8.8 Billion

WASHINGTON, May 12 /Christian Newswire/ -- The first national random sample survey of U.S. religious giving from congregations of all denominations to the developing world shows that congregations are giving record amounts in relief and development assistance to poor countries. The pioneering study, combined with other data, found that religious congregations gave $8.8 billion in 2006, according to the recently released 2008 Index of Global Philanthropy.

The Index, published annually by the Hudson Institute's Center for Global Prosperity (CGP), had previously reported religious giving of $5.4 billion for 2005, based on limited available data. The new survey, undertaken by the University of Notre Dame Center for the Study of Religion and Society, in partnership with CGP, was part of a comprehensive Notre Dame congregational survey supported by the John Templeton Foundation. This far- reaching study found that over half of U.S. congregations gave an average of $10,500 to U.S. organizations for relief and development in poor countries. Over thirty percent made donations directly to programs in developing countries as well as volunteering for short-term missions or service trips. The survey specifically excluded support for evangelism, recording expenditures only for such items as food, clothing, and medicines, as well as cash for schools, clinics and small business development. ...

The Slump: It's a Guy Thing

Business Week: The Slump: It's a Guy Thing

Men, concentrated in the weakest sectors, are losing jobs in this downturn, while women make gains.

What's going on? Simply put, men have the misfortune of being concentrated in the two sectors that are doing the worst: manufacturing and construction. Women are concentrated in sectors that are still growing, such as education and health care.

This situation is hardly good news for women, though. While they're getting more jobs, their pay is stagnant. Also, most share households—and bills—with the men who are losing jobs. And the "female" economy can't stay strong for long if the "male" economy weakens too much. ...

The First Genetically Modified Human Embryo: Advance or Abomination?

Wired: The First Genetically Modified Human Embryo: Advance or Abomination?

Scientists have created the first genetically modified human embryo.

What does this mean to you?

Led by Nikica Zaninovic, researchers at Cornell University added a green fluorescent protein to an embryo left over from assisted reproduction. They destroyed the embryo five days later. It is believed to be the first documented genetic modification of a human embryo.

British newspaper The Times reports that Zaninovic's feat was announced at the American Society for Reproductive Medicine annual meeting in 2007, but was only publicized recently when the United Kingdom's reproductive technology regulators reviewed the research. The House of Commons is about to consider legislation permitting this and other controversial reproductive technologies, such as the creation of chimeras -- human-animal hybrid embryos.

The research raises a number of thorny ethical questions. ...

Sins of Interpretation #7: Electrical Shock Theory

The final of Kenneth Bailey’s Sins of Biblical interpretation as presented in the Interpreting the Bible is what he calls the Electrical Shock Theory. If I were naming it, I’d probably call it the Free Association Theory.

Bailey makes clear that it is entirely appropriate to read the Bible for inspirational and devotional purposes. All of us should. But as we read in this manner, there still must be a connection between the author and audience’s context in our minds. There should be a relationship between what we read and what we know the author intends for his readers.

For instance, Bailey mentions that he is sitting in his study in Jerusalem on a hot summer’s day when he reads Psalm 42:7, where it says “…all you waves and billows have gone over me.” Bailey thinks to himself, “Aha! God is calling me to quit studying and to go take a nice cool swim in the ocean.” Taking a cool swim may or may not be a good idea but this is not the way God uses scripture to guide us.

To use another example of how this can play out with a document of significance to American history, Bailey begins a humorous reflection on the Gettysburg Address.

“Fourscore …”

Ah! It is a football game and they’ve reached the score of four.

“…and seven years ago….”

The game is very long. It has been going on for seven years.

“…our fathers brought forth…”

Very interesting. The mothers didn’t give birth the fathers did. I wonder what this is all about?

You can see the absurdity. But when we think of the Gettysburg Address, context immediately bursts on our minds: Lincoln. American Civil War. Battle of Gettysburg. When we read these words in this context they can be deeply inspirational but they become nonsense when we engage in free association.

The foundational principle of interpretation is this: “Try to discover what the original author intends for his readers or the original speaker for his listeners.”

Clearly some who’ve had chance to study more in depth can do this better than others but we can all do it to a substantial degree. We can at least begin by keeping in mind who the communicators are and the context they are communicating in. Our practice of this over time and in community will improve our insight and interpretation.

[Index]

May 12, 2008

Gas Prices By County

From Gas Buddy:

Gasmap

May 11, 2008

Sins of Interpretation #6: Changing the Ground Rules

The sixth sin of biblical interpretation in Kenneth Bailey’s Interpreting the Bible is the sin of Changing the Ground Rules.

Today, when we think of historical description, we equate accurate history with precision in the facts of recorded events. This was not the case with Middle Eastern accounts of history. Indeed, it has not been the case of most historical accounts in most civilizations throughout history. Only when we began to approach the Enlightenment in Western civilization do we begin to see the emphasis on precise factual reporting. Middle Eastern accounts of history are always theological interpretations of history. Utter precision is not important. The theological truth revealed by historical events is. Consequently, to read biblical history with the expectation that the author was writing with the mindset of a news reporter shifts the ground rules in interpretation.

Bailey invites to imagine a modern event and think about how we might describe it. For instance, we could say:

“On November 22, 1963, a man was shot.”

That is factually precise. But we might say: 

“On November 22, 1963, the president of the United States was assassinated with a rifle shot to the head while riding through Dallas, TX, in a motorcade.”

This is more factually precise and gives some clues that this was an event of significance. But we might also say:

“On November 22, 1963, the nation’s innocence was slain and the people mourned as a bullet found its mark on the streets of Dallas.”

This last rendition tells fewer details but it communicates the significance of the event in a way the factual accounts do not. Middle Eastern writing about history had this later aim far more in mind than we do and factual precision was of secondary concern. Thus, if we are to interpret authors correctly we must be conscious of their ground rules of communication and not substitute our own.

[Index]

May 10, 2008

A mother's love is like no other

Niagra Falls Review: A mother's love is like no other

Yale theologian Miroslav Volf begins a new book on the topic of giving with a dramatic personal story. ...

...Volf admits that even though he was deeply, profoundly grateful for the gift of his son, he still had a lingering negative view of a mother who would give up her baby, for any reason.

It just didn't seem right. But during that meeting his mind changed profoundly. The child's birth mother handed him a letter she had written and asked Professor Volf to read it to the boy later. "I did it for you," she wrote to her child. "Someday you will understand." Volf reflects: "She loved him for his own sake and therefore she would rather have suffered his absence if he flourished than to have enjoyed his presence if he languished. Now it was my turn to cry over the beauty and tragedy of her love." ...

...In seminary you are taught that Mother's Day is not really a religious holiday or church festival at all but a product of purely commercial interests-the greeting card people, florists, and restaurant owners-an example of how the culture invades and takes over the church, so the faithful thing to do is simply ignore it.

But the preacher learns that it is not a wise thing to do, Popular author Robert Fulghum knows this well. ...

...You've got to have the feminine, that is to say, if you want to have an authentic biblical image of God.The prophet Isaiah wrote, "Can a woman forget her nursing child? . . . Yet, I will not forget you." (Isaiah 49:15) And my favourite, from the prophet Hosea: When Israel was a child, I loved him. . . . It was I who taught [them] to walk,I took them up in my arms. . . .I was to them like thosewho lift infants to their cheeks.I bent down to them and fed them. (Hosea 11) So tomorrow as our culture celebrates Mother's Day and as we celebrate or remember with gratitude our mothers I for one will also say a prayer of thanks that there is another One whose love for me is as strong as my mother's.

May 09, 2008

Evangelism and Public Discipleship

Mouw's Musings: Evangelism and Public Discipleship

We released the “Evangelical Manifesto” yesterday at the National Press Club—see http://www.anevangelicalmanifesto.com/. I joined with the other drafters in expressing worries about the way in which the “evangelical” label has gotten too closely associated in recent years with a political activism. I do feel strongly about that, and I am an enthusiastic supporter of the “Manifesto” cause. At the same time, I am conscious of some irony in the fact that I am now speaking out in favor of holding back a bit from identifying the evangelical cause with political programs. ...

...I have not stopped being a social activist. Working for justice, peace and righteousness is an important demand of discipleship. But we must be diligent about pursuing those matters with the larger picture in mind.

The Elusive Negawatt

The Economist: The Elusive Negawatt

If energy conservation both saves money and is good for the planet, why don't people do more of it?

...MGI is particularly enthusiastic because it believes that unlike most other schemes to reduce emissions, a global energy-efficiency drive would be profitable. The measures it has in mind, all of which rely on existing technology, would earn an average return of 17% and a minimum of 10%. The Intergovernmental Panel on Climate Change, a group of scientists advising the United Nations on global warming, makes a similar point. It believes that profitable energy-efficiency investments would allow Pakistan to cut its emissions by almost a third, Greece by a quarter and Britain by more than a fifth.

In other words, big investments in energy efficiency would more than pay for themselves, and fairly fast. Although a lot of money would have to be spent - $170 billion a year until 2020 - by MGI's reckoning that is only 1.6% of today's global annual investment in fixed capital. Moreover, with ample profits to be made, financing should be easy to attract.

Cbb290 Yet if there are so many lucrative opportunities to improve efficiency, why are investors not already taking advantage of them? To a degree, they are: in America, for example, energy intensity - the amount of energy required to generate each dollar of output - is falling by about 2% a year (see chart 1). This is only partly because America's factories, houses, cars and appliances are becoming more efficient: it is also because energy-guzzling factories have moved to cheaper spots such as China. But globally, too, energy intensity is falling by around 1 ½% a year.

That decline is not predestined. Before the first oil shock, in 1973, America's energy intensity was falling by only 0.4% a year. At that languid pace, America would now be spending 12% of GDP on energy instead of 7%, according to Art Rosenfeld, an efficiency pioneer and a member of the California Energy Commission, which sets efficiency standards and other energy policies for the state. Simply by buying more efficient fridges over the years, he reckons, Americans have come to save more than 200 terawatt-hours (TWh) annually, or roughly 80 power plants' worth.

But as McKinsey points out, there are still hundreds of billions of dollars' worth of unfulfilled but potentially profitable opportunities in energy efficiency available to households and companies. What is holding investors back?

One answer is price. In the eyes of many consumers, electricity and fuel are often too cheap to be worth saving, especially in countries where their prices are subsidised. Industrialists in Russia are profligate with natural gas, because it sells there at a quarter of the international price. Drivers in Qatar have little incentive to scrimp on petrol when they pay barely a dollar a gallon for it. ...

...The problem, analysts explain, is a series of distortions and market failures that discourage investment in efficiency. Often, consumers are poorly informed about the savings on offer. Even when they can do the sums, the transaction costs are high: it is a time-consuming chore for someone to identify the best energy-saving equipment, buy it and get it installed. It does not help that the potential savings, although huge when added up across the world, usually amount to only a small share of the budgets of individual firms and households. Despite recent price increases, spending on energy still accounts for a smaller share of the global economy than it did a few decades ago....

...Financing energy-efficiency investments can also be difficult. In the developing world, capital can be scarce. In rich countries, the savings from making individual homes more efficient are too small and the overheads involved too high to be of much interest to most banks. ...

...Firms that help businesses and families to trim their energy bills have become common enough to earn an acronym: ESCos, or energy-service companies. Their industry group in America says business, which had been growing at 3% a year in the early part of this decade, is now increasing by 22% a year. The total revenues of the 46 ESCos it surveyed were about $3.6 billion in 2006, about three-quarters of which came from energy efficiency. ...

Cbb291 ...Anyway, environmentalists dispute the notion that energy-efficiency standards drive up prices. The average price of fridges in America has fallen by more than half since the 1970s, even as their efficiency has increased by three-quarters, according to Mr Goldstein. Those gains have come in spite of steady increases in the size of the average unit (see chart 2)....

...However, no matter what methods governments adopt to encourage energy efficiency, the results may not be as impressive as they imagine. The culprit is something called the "rebound effect". Falling demand for electricity or fuel brought on by an efficiency drive should lead to lower prices. But cheaper energy, in turn, is likely to prompt greater consumption, undermining at least some of the original benefits. What is more, consumers with lower electricity or fuel bills often put the money they have saved to some other use, such as going on holiday or buying an appliance, which is likely to involve the consumption of fuel and power.

Economists disagree about the size of the rebound effect, which is hard to measure. The British government commissioned two studies of the effect, from two different universities. The first found that it cancelled out roughly 26% of the gains from energy-efficiency schemes; the other put the figure at 37%. Either way, negawatts are worth pursuing. But they are unlikely to satisfy the world's thirst for energy to the extent their advocates assume.

Sins of Interpretation #5: Colored Glasses Theory

Today we visit Kenneth Bailey’s fifth sin of biblical interpretation as presented in Interpreting the Bible. He calls it the Colored Glasses Theory.

Bailey reminds us that we are each shaped by our culture and context. How we read the Bible is influenced by the sermons we’ve heard, Bible translations we’ve used, what our parents taught us, what we learned in Sunday School, books we’ve read, and in general the interpretive tradition we were raised in. The danger is that we give these factors more credence than what the Bible itself says.

Bailey uses an example from Romans 16:7. The verse speaks of “Andronicus and Junias” as “men of note” among the apostles in the Revised Standard Version. Yet we if we examine the original language and the history of interpretation up to the time of the RSV we find that in fact the early manuscripts and early interpretations say “Junia” and that there is no indication of gender, simply that “they were prominent among the apostles” (NRSV). Every indication is that there was a lady apostle. I know others will debate various aspects of this verse but the point Bailey is making is that if such is the case, and we had always been told otherwise, will we persist in reading scripture with “colored glasses” or will we change our understanding to conform to scripture?

We must begin our interpretation of scripture with a level of humility that acknowledges what we personally are bringing to the interpretation exercise. We have to be open to modification. Yet Bailey appropriately points out that we can’t wait until we have exhausted every angle of interpretation to decide how to live our lives. Bailey says that he tends to hold his interpretations as “tentatively final.”

I think the idea is that we want to move boldly forward but also be open to further correction and learning. To do so requires us to be aware of our own colored glasses and I suppose you could say we need to occasionally try on the colored glasses of others to see what they see. Sometimes this will bring us into conflict with others but more often it gives a more holistic view the text we are interacting with.

[Index]

May 08, 2008

Poverty amid progress

The  Economist: Poverty amid progress

A revolution in South America's fastest-growing economy is not reaching everyone.

BLOCKS of flats or offices are under construction on nearly every street. New hotels and restaurants sprout on every corner, while shopping centres multiply in what were once shantytowns. Across the city, thoroughfares have been torn up to make way for new bus lanes and terminals. Such is the anarchic volume of traffic that just crossing the street has become a time-consuming and perilous exercise. Lima, Peru's capital of 8m people, is shedding its former air of provincial lassitude and turning into a bustling metropolis.

Cam254_2 The city is the visible face of a boom that has made Peru South America's fastest-growing economy (see chart). That performance owes much to record prices for mineral exports. But newer export products, from designer cotton T-shirts to mangoes and artichokes, are also flourishing. As well as trade, private investment, growing at 20% a year, and domestic consumption are driving the economy forward at an accelerating pace (in the year to February, GDP grew by 9.2%).

Thanks to high world prices for food and fuel, inflation has spiked to 5.5%, having been low for years. Nevertheless, the growth looks to be built on solid foundations. The national savings rate has risen to 24% of GDP, high by regional standards, and the government last year posted a fiscal surplus of 3% of GDP. A free-trade agreement with the United States is about to come into effect. In recognition of such achievements, Peru's debt was awarded an investment-grade credit rating last month by Fitch, a ratings agency.

Yet there are paradoxes at the heart of the boom. Despite the growth, poverty has fallen only slowly. And many Peruvians are disgruntled. The president, Alan García, was once a radical populist who presided over hyperinflation and debt default in a first term in office in the 1980s. He returned to office in 2006 a reformed character. But his people give him little credit for the strong economy. He is one of the least popular presidents in Latin America, with an approval rating of just 26% in a poll taken in the main cities in April by Ipsos-Apoyo, a pollster.

There are several reasons for the relatively slow fall in poverty. Although the number of formal-sector jobs is expanding at 9% a year, many Peruvians still labour in the informal sector of unregistered businesses, where productivity is low. Wages for the unskilled have been slow to rise. ...

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