[ditty_news_ticker id="27897"] bankruptcy - Orthodox Christian Laity

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Source: The National Herald SAN DIEGO, CA – President and founder Frank Papatheofanis announced on April 25 that the University of Saint Katherine (USK), a private Orthodox Christian school in San Marcos, “is shutting down indefinitely and filing for bankruptcy,” the San Diego Union-Tribune (SDUT) reported, adding that “in an email to students, faculty and staff members that circulated on social media, he said the institution could no longer meet its financial obligations due to ‘a steep shortfall in operating cash.’” “Multiple reasons for this shortfall include extraordinary inflation, higher-than-anticipated salary increases, and high institutional student financial aid,” Papatheofanis said,…

Source: The National Herald Theodoros Kalmoukos Analysis: The least that His Eminence Archbishop Demetrios, the Holy Eparchial Synod, the Archdiocesan Council, and the Finance Committee should do is to publicly ask forgiveness from the parishes and from the Greek-American community in general for the bankruptcy of the Archdiocese. Maybe the archbishop is trying to hide behind Jerry Dimitriou’s resignation, but the reality is that Demetrios, not Dimitriou, is the archbishop. Dimitriou was an employee of the Archdiocese, certainly a high ranking one, but it is not just and fair to place all the heavy blame and the responsibility on him.…