If anyone was in any doubt about the economic difficulties being faced by firms in today's economic climate, the latest news ought to help confirm just how bad the western economy really is. Yes, that well know peddlar of religious dogma, GOD & Co, Inc. has reported a loss for the last fiscal year.

God & Co, Inc's CEO - The Pope to some, anti-Christ to others, reported the losses yesterday. He reported to shareholders that the company made made 236.7m euros in 2007 compared with outgoings of 245.8m euros - yes.... a loss and blamed the company's issues on the falling value of the US Dollar where most of the Company's customers reside.

The CEO, Pope, said nothing about the threat to their business coming from their competitors who include RAPTURE, Inc. (a business that sells immediate entry to heaven tickets whatever you happen to be doing at the time) and MOREMOMS (FORMORESPIRITBABIES), Inc. (who peddle the might popular with guys multiple wife dogma and throw in sales trips to Central & Eastern Europe for teenage clients).

Plainly when GOD & Co, Inc. makes a loss you gotta know its a hard time! However, in his forward looking statements, Pope suggested that the next fiscal year was looking considerably improved as the Chairman had agreed to grant them a miracle.