Word: latter-day
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...marketing waves on both sides of the Atlantic. Be Here Now is not a particularly smart or involving album, but then neither was Morning Glory. That previous album's charms consisted of four sprightly, tuneful songs--including Don't Look Back in Anger and Wonderwall--and a lot of latter-day Beatle-ish attitude. The members of Oasis, led by volatile singer Liam Gallagher and his songwriting, guitar-playing brother Noel, cut their hair like the Beatles, sometimes use the same kinds of guitars and amplifiers the Beatles used, and even try to write songs like the Beatles with...
...Beneficial Life Insurance Co., with assets of $1.6 billion. There are richer churches than the one based in Salt Lake City: Roman Catholic holdings dwarf Mormon wealth. But the Catholic Church has 45 times as many members. There is no major church in the U.S. as active as the Latter-day Saints in economic life, nor, per capita, as successful...
...Mormons are stewards of a different stripe. Their charitable spending and temple building are prodigious. But where other churches spend most of what they receive in a given year, the Latter-day Saints employ vast amounts of money in investments that TIME estimates to be at least $6 billion strong. Even more unusual, most of this money is not in bonds or stock in other peoples' companies but is invested directly in church-owned, for-profit concerns, the largest of which are in agribusiness, media, insurance, travel and real estate. Deseret Management Corp., the company through which the church holds...
...adds three holy books of its own. It holds that shortly after his resurrection, Jesus Christ came to America to teach the indigenous people, who were actually a tribe of Israel, but that Christian churches in the Old World fell into apostasy. Then, starting in 1820, God restored his "latter-day" religion by dispatching the angel Moroni to reveal new Scriptures to a simple farm boy named Joseph Smith near Palmyra, N.Y. Although the original tablets, written in what is called Reformed Egyptian, were taken up again to heaven, Smith, who received visits from God the father, Jesus, John...
...this has led to some withering denominational sniping. In 1995 the Presbyterian Church (U.S.A.) issued national guidelines stating that the Mormons were not "within the historic apostolic tradition of the Christian Church." A more sharply edged report by the Presbyterians' Utah subunit concluded that the Latter-day Saints "must be regarded as heretical." The Mormons have responded to such challenges by downplaying their differences with the mainstream. In 1982 an additional subtitle appeared on the covers of all editions of the Book of Mormon: "Another Testament of Jesus Christ." In 1995 the words Jesus Christ on the official letterhead...