In Brief... World News Review
Beyond Today Magazine
World News and Prophecy: December 1998
Course Content
Latin America's financial concerns.
"The next near-death experience for world financial markets will occur in Brazil-within weeks, or even days. Consequences for North America could be catastrophic.... Brazil, with 164 million people, accounts for nearly half of Latin America's total economic activity.... If Brazil implodes, Argentina, Chile, and Mexico could quickly follow. Venezuela is already in a tailspin and has recently devalued. Now, the really scary part...if Brazil's economy comes crashing down, and takes the rest of the continent with it, American business and banks will be dealt a devastating blow that will dwarf the Asian crisis in magnitude and severity. U.S. banks have far more loan exposure to Latin America than they did in Asian or Russia…
"The financial world is overseen by three economic great economic powerhouses. Japan is overlord of Asia's finances. Western Europe dominates East Europe and Russia. The U.S.'s bailiwick is Latin America, Central America, and the Caribbean. Japan, mired in deep recession, has failed visibly to defend Asia. Europe has done no better in Russia. If the United States fumbles its financial manifest destiny in Latin America, head for the storm cellars [emphasis ours]" ("Storm Warnings in Brazil" by Eric Margolis, October 8, 1998).
Fred Nance is a pastor at the United Church of God and has a B.A. in History from Ambassador College. He is originally from Lansing Michigan having moved to Arkansas in September of 2009. His wife Lidia is originally from Argentina.
John died on March 8, 2014, in Oxford, England, four days after suffering cardiac arrest while returning home from a press event in London. John was 77 and still going strong.
Some of John's work for The Good News appeared under his byline, but much didn't. He wrote more than a thousand articles over the years, but also wrote the Questions and Answers section of the magazine, compiled our Letters From Our Readers, and wrote many of the items in the Current Events and Trends section. He also contributed greatly to a number of our study guides and Bible Study Course lessons. His writing has touched the lives of literally millions of people over the years.
John traveled widely over the years as an accredited journalist, especially in Europe. His knowledge of European and Middle East history added a great deal to his articles on history and Bible prophecy.
In his later years he also pastored congregations in Northern Ireland and East Sussex, and that experience added another dimension to his writing. He and his wife Jan were an effective team in our British Isles office near their home.
John was a humble servant who dedicated his life to sharing the gospel—the good news—of Jesus Christ and the Kingdom of God to all the world, and his work was known to readers in nearly every country of the world.
Born in Saskatchewan Canada, David Palmer was first introduced to the radio broadcast of the World Tomorrow during his career in broadcasting, when the program was aired during his on air shift. In 1965 his radio career took him to Vancouver British Columbia, where he was eventually baptized, and began attending Sabbath services. He was ordained to the ministry in 1983. Now retired from broadcasting David currently pastors congregations in Vancouver, and Vancouver Island. He is also a member of the UCG-Canada National Council, and serves on the Canadian Ministerial Services Team, as well as the Canadian Media Team
