In Brief...World News Review The Euro, the Dollar and the Pound

Jun 6, 2002
2 minutes read time

n late May a series of upbeat economic reports showed that the European economy is gaining strength, and helped lift the euro to a 14-month high against the dollar.

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In late May a series of upbeat economic reports showed that the European economy is gaining strength, and helped lift the euro to a 14-month high against the dollar. On May 29 the euro stood at 93.5 cents compared to the dollar, a significant rise. Many investors are showing confidence in the euro during this sustained period of success against the dollar. Meanwhile Britain's Prime Minister Tony Blair continues to edge Britain toward a fateful union with the Continent by pushing his desire to adopt the euro as the coin of the realm. While polls are showing Britons remain skeptical (a recent poll showed 53 percent were against adoption of the euro), it is clear some leaders see Britain's future to be with Europe rather than America. In a new book that has drawn widespread attention in England, Will Hutton, former editor of The Observer, argues that Britain shares the liberal social values of Continental Europe and should join its currency to form a bulwark against a hegemonic United States whose driving political force is the religious conservatism of the South. "The rise of American conservatism has disconnected U.S. civilization from the European mainstream," Hutton argues. "Europe is our continent. We share the same history and the same core values. We should, of course, join the euro." On the other side, some hard-line Conservatives—among them the former prime minister, Margaret Thatcher—disdain the Continent's comparatively sluggish economies and rigid labor markets with a collective "no, thank you." Instead, they argue that Britain should renegotiate its membership in the European Union, cast its lot with the United States and join the North American Free Trade Agreement (International Herald Tribune, May 27, 2002). A major shift in relations between America and Britain would be historic. Will Hutton is wrong. Britain has far more in common with America than Europe. Britain shares with America a common language, democratic values and history that goes deeper than most understand. It shares a spiritual legacy from the biblical patriarch Jacob and the blessing conferred on the sons of Joseph, Ephraim and Manasseh. The story is told in our booklet, The United States and Britain in Bible Prophecy. Write for your free copy today.
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Darris McNeely

Darris McNeely works at the United Church of God home office in Cincinnati, Ohio. He and his wife, Debbie, have served in the ministry for more than 43 years. They have two sons, who are both married, and four grandchildren. Darris is the Associate Media Producer for the Church. He also is a resident faculty member at the Ambassador Bible Center teaching Acts, Fundamentals of Belief and World News and Prophecy. He enjoys hunting, travel and reading and spending time with his grandchildren.

Jim Tuck

Jim Tuck

Jim has been in the ministry over 40 years serving fifteen congregations.  He and his wife, Joan, started their service to God's church in Pennsylvania in 1974.  Both are graduates of Ambassador University. Over the years they served other churches in Alabama, Idaho, Oregon, Arizona, California, and currently serve the Phoenix congregations in Arizona, as well as the Hawaii Islands.  He has had the opportunity to speak in a number of congregations in international areas of the world. They have traveled to Zambia and Malawi to conduct leadership seminars  In addition, they enjoy working with the youth of the church and have served in youth camps for many years. 

John Ross Schroeder

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.