You read in The Wall Street Journal that 30-day T-bills currently are yielding 8 percent.
Your brother-in-law, a broker at Kyoto Securities, has given you the following estimates
of current interest rate premiums:
You read in The Wall Street Journal that 30-day T-bills currently are yielding 8 percent.
Your brother-in-law, a broker at Kyoto Securities, has given you the following estimates
of current interest rate premiums:
You read in The Wall Street Journal that 30-day T-bills currently are yielding 8 percent.
Your brother-in-law, a broker at Kyoto Securities, has given you the following estimates
of current interest rate premiums:
] that the suppression of the English monasteries and nunneries contributed
as well to the spreading decline of that contemplative spirituality which once thrived in Europe, with the occasional exception found only in groups such as the Society of Friends ("Quakers"). This may be set against the continuation in the retained and newly established cathedrals of the daily singing of the Divine Office by choristers and vicars choral, now undertaken as public worship, which had not been the case before the dissolution. The deans and prebends of the six new cathedrals were overwhelmingly former heads of religious houses. The secularised former monks and friars commonly looked for re-employment as parish clergy; and consequently numbers of new ordinations dropped drastically in the ten years after the dissolution, and ceased almost entirely in the reign of Edward VI. It was only in 1549, after Edward came to the throne, that former monks and nuns were permitted to marry; but within a year of permission being granted around a quarter had done so, only to find themselves forcibly separated (and denied their pensions) in the reign of Mary. On the succession of Elizabeth, these former monks and friars (happily reunited both with their wives and their pensions) formed a major part of the backbone of the new Anglican church, and may properly claim much credit for maintaining the religious life of the country until a new generation of ordinands became available in the 1560s and 1570s