TV News LIES

Saturday, Nov 23rd

Last update08:46:49 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...


Citing the pandemic, TGI Fridays files for bankruptcy

TGI Fridays files for bankruptsyThe parent company of TGI Fridays, the casual dining chain, has filed for bankruptcy, the company...

US adds over 250,000 jobs in September, defying fears of slowdown

250,000 jobs added in September American employers added 254,000 jobs last month in the penultimate jobs report before the US election,...

Boeing will lay off 10% of employees as a strike shuts down airplane production

Boeing lays of ten percent of work force Boeing plans to lay off about 10% of its workers in the coming months, about 17,000...

Fed cuts interest rates in historic move. Are more large cuts ahead?

Fed reserve chief PowelllThe Federal Reserve lowered its key interest rate by a hefty half percentage point Wednesday, moving...
 
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!