At Chalcedon, Pope St Leo the Great was the one who drafted the main document, the Tome, and it was widely hailed by the bishops in attendance as masterful defense of orthodoxy. Pope Leo the Great's authoritative role at the council exemplifies the recognition of Roman Supremacy. His "Tome" was accepted as a standard of orthodoxy, and his legates presided over the council, affirming the pope's authority . To Quote Session II of the Acts of the Council records:
βAfter the reading of the foregoing epistle [The Tome of Leo], the most reverend bishops cried out: βThis is the faith of the fathers! This is the faith of the apostles! So we all believe! Thus the orthodox believe! Anathema to him who does not thus believe! Peter has spoken thus through Leo! . . . This is the true faith! Those of us who are orthodox thus believe! This is the faith of the Fathers!ββ (Acts of the Council, session 2 [A.D. 451]).
At Chalcedon, Pope St Leo the Great was the one who drafted the main document, the Tome, and it was widely hailed by the bishops in attendance as masterful defense of orthodoxy. Pope Leo the Great's authoritative role at the council exemplifies the recognition of Roman Supremacy. His "Tome" was accepted as a standard of orthodoxy, and his legates presided over the council, affirming the pope's authority . To Quote Session II of the Acts of the Council records:
βAfter the reading of the foregoing epistle [The Tome of Leo], the most reverend bishops cried out: βThis is the faith of the fathers! This is the faith of the apostles! So we all believe! Thus the orthodox believe! Anathema to him who does not thus believe! Peter has spoken thus through Leo! . . . This is the true faith! Those of us who are orthodox thus believe! This is the faith of the Fathers!ββ (Acts of the Council, session 2 [A.D. 451]).
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Secure video calling is in high demand. As an alternative to Zoom, many people are using end-to-end encrypted apps such as WhatsApp, FaceTime or Signal to speak to friends and family face-to-face since coronavirus lockdowns started to take place across the world. Thereβs another optionβsecure communications app Telegram just added video calling to its feature set, available on both iOS and Android. The new feature is also super secureβlike Signal and WhatsApp and unlike Zoom (yet), video calls will be end-to-end encrypted.
Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
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