Re: Notre-Dame
Posted: Tue Apr 16, 2019 10:03 am
				
				In think if I were in that position I'd be more tumescent baguette than batard  
			

...but is he happy

Many years ago I used to work for a high street bank and they didn't insure most of their branches (the buildings anyway) - they'd rather carry the risk that once in a while something happens, than pay £££s in premiums every year.Gavin wrote: Tue Apr 16, 2019 12:11 pm Are Historic buildings insured? If the Catholic Church owns the building surely they are more than able to cover any repairs needed, rather than crowdfunding from poor people?
From the pictures and reports it would seem to be in far better nick than initially assumed which is good news, hopefully it can be restored as it is certainly a beautiful building.
I am fairly sure the RC Church is a massive landowner and landlord so I am sure they have more than enough money rolling in or could rent out relics to museums etc etc. I am sad an Historically significant building has been damaged but I cannot find much sympathy for the RC Church as an organisation.GG. wrote: Tue Apr 16, 2019 12:31 pm I suspect a lot of that has to do with liquid versus illiquid wealth. If your wealth is tied up in land held since time immemorial, priceless artifacts and antiquities, its not quite the same as cash sloshing around in bank accounts.
Clearly they'll have a lot in liquid or assets convertible to cash as well, but the headline figures for the aggregate overall wealth of the church are probably highly misleading.
If you spunk half a billion (or many multiples of that possibly) rebuilding one church in Paris I think you'll find you'll burn through that stack of money quite quickly.

That wasnt me! Someone must have reversed into me in the space park!Richard wrote: Tue Apr 16, 2019 1:05 pm If it is insured, it’s probably insured by a group of insurers
Often very expensive things are insured by groups of insurers rather than just Lloyd’s of London (as an example). This is the case with the ISS, which if catastrophically damaged, would ruin most insurers, so different companies insure percentages of it

I know right, it's not like Jesus ever said anything about helping those less well off than you or the evils of hoarding wealthGG. wrote: Tue Apr 16, 2019 11:27 am What, pray tell, does that have to do with the Catholic Church. It isn't 1650 and it isn't their responsibility to provide a welfare net for the disadvantaged of Paris. Direct your ire at the French state if you must. The same French state that taxes and spends very nearly half of GDP.
 .
.This whole event has been such a tragedy. Thankfully they have managed to save a lot of stuff.GG. wrote: Tue Apr 16, 2019 12:31 pm I suspect a lot of that has to do with liquid versus illiquid wealth. If your wealth is tied up in land held since time immemorial, priceless artifacts and antiquities, its not quite the same as cash sloshing around in bank accounts.
Clearly they'll have a lot in liquid or assets convertible to cash as well, but the headline figures for the aggregate overall wealth of the church are probably highly misleading.
If you spunk half a billion (or many multiples of that possibly) rebuilding one church in Paris I think you'll find you'll burn through that stack of money quite quickly.
It's what they've been doing best for centuries.McSwede wrote: Tue Apr 16, 2019 6:17 pmThis whole event has been such a tragedy. Thankfully they have managed to save a lot of stuff.GG. wrote: Tue Apr 16, 2019 12:31 pm I suspect a lot of that has to do with liquid versus illiquid wealth. If your wealth is tied up in land held since time immemorial, priceless artifacts and antiquities, its not quite the same as cash sloshing around in bank accounts.
Clearly they'll have a lot in liquid or assets convertible to cash as well, but the headline figures for the aggregate overall wealth of the church are probably highly misleading.
If you spunk half a billion (or many multiples of that possibly) rebuilding one church in Paris I think you'll find you'll burn through that stack of money quite quickly.
On the subject of the Catholic church, they've usually got plenty of cash to pay off victims of the many paedo priests that they protect.
I always find it a disgrace that the Catholic church in particular can plead poverty and ask people to pay for what it should be covering from its vast coffers.
Gavin wrote: Tue Apr 16, 2019 4:40 pm...or could rent out relics to museums etc etc.GG. wrote: Tue Apr 16, 2019 12:31 pm I suspect a lot of that has to do with liquid versus illiquid wealth. If your wealth is tied up in land held since time immemorial, priceless artifacts and antiquities, its not quite the same as cash sloshing around in bank accounts.
Clearly they'll have a lot in liquid or assets convertible to cash as well, but the headline figures for the aggregate overall wealth of the church are probably highly misleading.
If you spunk half a billion (or many multiples of that possibly) rebuilding one church in Paris I think you'll find you'll burn through that stack of money quite quickly.
 
   
   As though museums have any fucking money whatsoever!
 As though museums have any fucking money whatsoever!Gavin wrote: Tue Apr 16, 2019 12:11 pm Are Historic buildings insured? If the Catholic Church owns the building surely they are more than able to cover any repairs needed, rather than crowdfunding from poor people?
nuttinnew wrote: Wed Apr 17, 2019 6:29 amGavin wrote: Tue Apr 16, 2019 12:11 pm Are Historic buildings insured? If the Catholic Church owns the building surely they are more than able to cover any repairs needed, rather than crowdfunding from poor people?
The small print; "does not cover acts of God".

