Boom-year borrowing hits churches as mortgage crisis bites
Metropolitan Baptist Church planned a $30 million Largo campus with a 3,000-seat church and 1,100-space lot before funding dried up on Oct. 20. Across the nation, congregations face foreclosures and debt as donors dwindle and lenders restrict loans, leaving many churches homeless or in cramped spaces. Bishops such as Eugene Reeves warn of crowded rooms, parking woes, and stalled projects as clergy struggle to renegotiate or delay construction amid a tightening credit climate.
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Metropolitan Baptist Church
Washington
Metropolitan Baptist
Largo
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Eugene Reeves
New Life
Reeves
FDA leadership picks raise hopes for safer food and drugs
President Obama nominates New York City health leader Hamburg and pediatrician Sharfstein to reform FDA amid recalls and safety crises. He cites past wins against tuberculosis and strong scientific backing, while critics warn of political and industry pressures. The announcements come as recalls expand after spinach, peppers, salmonella, and peanut products outbreaks. Separately, a ban on slaughter of downer cows aims to reduce mad cow risk.
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New York City
Yale University
Sharfstein
FDA
Henry Waxman
D-Calif
Obama
Trust For America’s Health
Hamburg
Lowell Weicker Jr
Connecticut
Trust
Gail Cassell
Eli Lilly & Co
U.S
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