Word: latters
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Dates: during 1990-1999
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...church's material triumphs rival even its evangelical advances. With unusual cooperation from the Latter-day Saints hierarchy (which provided some financial figures and a rare look at church businesses), TIME has been able to quantify the church's extraordinary financial vibrancy. Its current assets total a minimum of $30 billion. If it were a corporation, its estimated $5.9 billion in annual gross income would place it midway through the FORTUNE 500, a little below Union Carbide and the Paine Webber Group but bigger than Nike and the Gap. And as long as corporate rankings are being bandied about...
...Latter-day Saints remain sensitive about their "otherness"--more so, in fact, than most outsiders can imagine. Most church members laughed off Dennis Rodman's crack about "f_____ Mormons" during the N.B.A. championships. But the subsequent quasi apology by Rodman's coach Phil Jackson that his player hadn't known they were "some kind of a cult or sect" deeply upset both hierarchy and membership. Perhaps, however, they should learn to relax. Historian Leonard J. Arrington says the church, along with the values it represents, "has played a role, and continues to play a role, in the economic and social...
...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...