Eric Mason

Our picks for the books most likely to shape evangelical life, thought, and culture. One of the great pleasures of our work at Christianity Today is getting to spend so much time with books-with the scholarly discoveries, impassioned arguments, and pastoral encouragements shaping evangelical intellectual life today. Every year, we honor a small subset of these books in our annual CT Book Awards. Publishers submit books for consideration in one or several of our categories.

In what is the product of the sustained low-rate environment, many municipalities are considering addressing their pension position through bonds. This should be encouraged by policymakers and explored by pension systems. Bond markets are offering municipalities the opportunity to exchange discount rates of 6, 7 and sometimes even 8 percent for bonds with yields below 3 percent. The spread between the discount rate and the bond yield is the root of the appeal of pension obligation bonds.