TV News LIES

Thursday, Jan 15th

Last update08:11:54 AM GMT

You are here News Economy How the Mormons Make Money

How the Mormons Make Money

E-mail Print PDF

Mormon ChurchLate last March the Mormon Church completed an ambitious project: a megamall. Built for roughly $2 billion, the City Creek Center stands directly across the street from the church’s iconic neo-Gothic temple in Salt Lake City.

The mall includes a retractable glass roof, 5,000 underground parking spots, and nearly 100 stores and restaurants, ranging from Tiffany’s (TIF) to Forever 21. Walkways link the open-air emporium with the church’s perfectly manicured headquarters on Temple Square. Macy’s (M) is a stone’s throw from the offices of the church’s president, Thomas S. Monson, whom Mormons believe to be a living prophet.

On the morning of its grand opening, thousands of shoppers thronged downtown Salt Lake, eager to elbow their way into the stores. The national anthem played, and Henry B. Eyring, one of Monson’s top counselors, told the crowds, “Everything that we see around us is evidence of the long-standing commitment of the Church of Jesus Christ of Latter-day Saints to Salt Lake City.” When it came time to cut the mall’s flouncy pink ribbon, Monson, flanked by Utah dignitaries, cheered, “One, two, three—let’s go shopping!”

Watching a religious leader celebrate a mall may seem surreal, but City Creek reflects the spirit of enterprise that animates modern-day Mormonism. The mall is part of a sprawling church-owned corporate empire that the Mormon leadership says is helping spread its message, increasing economic self-reliance, and building the Kingdom of God on earth.

More...


Most Recent Related Stories...


GOP rushes to defend Powell, Federal Reserve from DOJ, extending breaks with Trump

Jerome PowellSenate Republicans are rushing to defend Federal Reserve Chair Jerome Powell from a Department of Justice...

Supreme Court tariff decision: U.S. Customs has new deadline for companies seeking refunds

Tariff ruling deadlineThere is a new deadline for U.S. importers to file for electronic refunds if the Supreme...

Stock futures fall after Powell confirms criminal probe into Fed

Jerome PowellStocks fell in overnight trading Sunday after Federal Reserve Chair Jerome Powell confirmed the Trump administration...

Behind on student loans? You could be losing money from paycheck.

Dept. of Ed.The federal government has officially resumed garnishing wages and withholding benefits from student loan borrowers after...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!