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Eye on the World: Monday, May 14, 2012
The Dalai Lama, the Tibetan spiritual leader, announced that he will donate about $1.7 million in prize money to several charities, including Save the Children in India and the Mind & Life Institute, a nonprofit focused on understanding meditation. The Dalai Lama was awarded the 2012 Templeton Prize earlier this year for his contribution to “affirming life’s spiritual dimension,” including encouraging scientific studies on how compassion can affect people’s well-being.
“Moved by the spirit” explores several facets of how God’s voice reaches and inspires those of various religious backgrounds. Our humble prayers to understand more of the religious traditions of others can mitigate hostility and violence around the world.
Wall Street firm JPMorgan Chase announced on Monday that Ina Drew, the company’s chief investment officer, will step down after her division lost $2 billion in a trading blunder last week. JPMorgan’s CEO said that the company used a “riskier, more volatile, and less effective” strategy in pursuing the trade than it should have. JPMorgan’s stock has fallen sharply since it announced its mistake, although it still expects to make $4 billion this quarter.
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