NEWS OF THE WEIRD

Latest Religious Messages

Posted:

The evangelical educational organization Answers in Genesis, which has established a series of children's books and a creationist museum, announced recently it will enter the bond market to fund its most ambitious project — a creationist amusement park centered around a "life-size" reconstruction of Noah's Ark, for which it estimates it will need at least $73 million from investors. Issuing bonds might be seen as desperate since AiG has raised only $13.6 million privately since proposing the Ark-park, but a Georgetown University finance professor, contacted by Slate.com, suggested the bonds' terms place them in the high-risk "junk bond" category (perhaps better described as "faith-based," having virtually no resale value and without an independent bond rating). o

Other stories that might interest you

Florida Selfies

Spencer Toner, 79, was arrested for indecent …
No comments on this story | Add your comment
Please log in or register to add your comment