Category : Globalization

A Christian Century Editorial–Martyrs

The persecution of Christians reached historic levels in 2014, according to Open Doors USA, which estimated that 100 million Christians around the world face dire consequences for practicing their faith. North Korea topped the list of offending nations, with Iraq third and Syria fourth. Other regimes among the worst for Christians were Somalia, Iran, Pakistan, and Nigeria.

In Iraq and Syria in 2014, the so-called Islamic State ravaged Christian towns and forced Christians to flee or face death. In mid-February of this year, the world witnessed a video allegedly portraying the beheading of 21 Coptic Christians by militia in Libya allied with the Islamic State. Christians have been repeatedly targeted in the midst of that nation’s civil war….In late February, 90 Christians were kidnapped in northeastern Syria.

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Church History, Death / Burial / Funerals, Globalization, Islam, Muslim-Christian relations, Other Churches, Other Faiths, Parish Ministry, Pope Francis, Religion & Culture, Roman Catholic, Terrorism, Theology, Violence

(CSM) After high-profile hacks, it's time for a bolder approach to cybersecurity

In the wake of the Sony Pictures hack, the cybersecurity firm FireEye demonstrated that the sort of breach that Sony experienced is not likely preventable with conventional network defenses.

Instead, the firm noted that “organizations must consider a new approach to securing their IT assets … [they] can’t afford to passively wait for attacks. Instead, they should take a lean-forward approach that actively hunts for new and unseen threats.”

But what constitutes a “lean-forward” approach to cybersecurity, and why are more organizations not already taking one?

Read it all.

Posted in * Culture-Watch, * Economics, Politics, --Social Networking, Blogging & the Internet, Corporations/Corporate Life, Defense, National Security, Military, Economy, Ethics / Moral Theology, Globalization, Science & Technology, Theology

(Economist) Caliphate calling–How ISIS appeals to women

…propagandists for jihad describe life under IS and wartime domesticity. Ms Mahmood gloats about microwaves and milkshake machines seized from non-believers. But they also express the pain of leaving families and the feeling of being very foreign in the Middle East. In a series called “Life of a Muhajirah [emigrant]”, a pregnant woman posts a picture of her ultrasound and worries that her husband will be become a shahid (martyr), though she accepts that this may be God’s will.

By establishing a caliphate, IS, unlike previous jihadist groups, is attempting to build a state. That has opened up roles for women. Fighting, though, is off-limits. “Women in the Islamic State”, a document published in January by an all-female unit of IS known as the al-Khansaa Brigade (translated into English by the Quilliam Foundation, a counter-extremism think-tank in London), explains that women should be mothers and homemakers, while men are by nature restless; “if the roles are mixed the basis of humanity is thrown into a state of flux and instability.”

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * Religion News & Commentary, --Social Networking, Blogging & the Internet, Ethics / Moral Theology, Globalization, Islam, Other Faiths, Religion & Culture, Terrorism, Theology, Violence, Women

(Reuters) China cuts rates again in face of weak demand, deflation risk

China’s central bank cut interest rates on Saturday, just days before the annual meeting of the country’s parliament, in the latest effort to support the world’s second-largest economy as its momentum slows and deflation risks rise.

The central bank said the 25 basis point cut in the benchmark interest rate to 5.35 per cent – its second cut in just over three months – and a 25 basis point cut in the benchmark saving rate to 2.5 per cent would be effective from Sunday.

“The focus of the interest rate cut is to keep real interest rate levels suitable for fundamental trends in economic growth, prices and employment,” the People’s Bank of China (PBOC) said in a statement on its website.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Asia, China, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Foreign Relations, Globalization, Politics in General

(Denver Catholic) George Weigel–World Christianity by the numbers

This year’s survey works from a baseline of 1900 A.D., and makes projections out to 2050. Within that century and a half there’s some good news about the global human condition that ought to be kept in mind when remembering the bad news of the 20th century and the early 21st. For example: in 1900, 27.6 percent of adults in a world population of 1.6 billion were literate. In 2015, 81 percent of the adults in a global population of 7.3 billion are literate, and the projection is that, by 2050, 88 percent of the adults in a world of 9.5 billion people will be literate””a remarkable accomplishment.

Of the 7.3 billion human beings on Planet Earth today, 89 percent are religious believers, while 1.8 percent are professed atheists and another 9 percent are agnostics: which suggests that Chief Poobah of the New Atheists Richard Dawkins and his friends are not exactly winning the day, although their “market share” is up from 1900.

There were some 267 million Catholics in the world in 1900; today, the world Church counts 1.2 billion members, with a projected growth to 1.6 billion by the middle of the century. Yet in the last quarter of the 20th century Catholicism was displaced by Islam as the world’s largest religious community, as the global Muslim population grew from 571 million in 1970 to today’s 1.7 billion.

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Posted in * Culture-Watch, Globalization, History, Religion & Culture, Sociology

(Washington Post) 3 Brooklyn men-not US citizens, arrested, charged with trying to aid ISIS

Three men from Brooklyn have been arrested and charged with trying to help the Islamic State, according to a criminal complaint unsealed in federal court on Wednesday.

They had also discussed harming President Obama and carrying out attacks in the United States if they were unable to travel overseas. One of the three men was arrested while trying to fly to Turkey, where authorities say he planned to head to the border with Syria to meet with representatives from the Islamic State. Another of the men planned to follow him there next month, while the third man was helping finance some of these travel efforts.

These are the latest in a string of similar arrests, episodes that have highlighted the concerns of federal officials who have publicly worried that young people in the United States could be lured to join the militant group in Syria.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Blogging & the Internet, Globalization, Law & Legal Issues, Middle East, Religion & Culture, Science & Technology, Syria, Terrorism, Violence, Young Adults

(Gallup) Americans' Views of U.S. Position in World Steady–37% satisfied, 61% dissatisfied

Thirty-seven percent of Americans are satisfied and 61% dissatisfied with the position of the U.S. in the world today. These views are unchanged from last year, even after a series of significant challenges for U.S. foreign policy. Americans’ satisfaction is a bit higher than at the end of the Bush administration and at the beginning of the Obama administration, but remains well below where it was in the early 2000s.

The results are from Gallup’s annual World Affairs survey, conducted Feb. 8-11. Americans’ satisfaction held steady in the past year, even as the U.S. was forced to deal with the rise of Islamic militants in Iraq and Syria, a dispute with Russia over Ukrainian separatists in the eastern part of Ukraine, heightened tensions between the Israelis and Palestinians, and ongoing policy disagreements involving North Korea and Iran. The lack of change may be attributable to Americans’ already high level of dissatisfaction with the nation’s world position, with those events and the way the U.S. handled them serving to reinforce the dissatisfaction rather than to worsen or even improve it.

Americans have been more likely to be dissatisfied than satisfied with the position of the U.S. in the world since 2004, about the time it became clear that the U.S. military action in Iraq was running into problems that could — and did — lead to a prolonged U.S. commitment there. Satisfaction fell to a low of 30% in the final year of George W. Bush’s administration and remained low in the very early stages of Barack Obama’s presidency. Americans’ satisfaction is modestly higher now than at that point, but has leveled off.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Defense, National Security, Military, Economy, Ethics / Moral Theology, Foreign Relations, Globalization, Politics in General, Psychology, Sociology, The U.S. Government, Theology

(NYT Opinionator) Benjamin Bratton–Do we understand the REAL dangers of Artificial Intelligence?

[Elon] Musk, [Bill] Gates and [Stephen] Hawking made headlines by speaking to the dangers that A.I. may pose. Their points are important, but I fear were largely misunderstood by many readers. Relying on efforts to program A.I. not to “harm humans” (inspired by on Isaac Asimov’s “three laws” of robotics from 1942) makes sense only when an A.I. knows what humans are and what harming them might mean. There are many ways that an A.I. might harm us that that have nothing to do with its malevolence toward us, and chief among these is exactly following our well-meaning instructions to an idiotic and catastrophic extreme. Instead of mechanical failure or a transgression of moral code, the A.I. may pose an existential risk because it is both powerfully intelligent and disinterested in humans. To the extent that we recognize A.I. by its anthropomorphic qualities, or presume its preoccupation with us, we are vulnerable to those eventualities.

Read it carefully and read it all (emphasis mine).

Posted in * Culture-Watch, * Economics, Politics, Anthropology, Ethics / Moral Theology, Globalization, Philosophy, Politics in General, Psychology, Science & Technology, Theology

Jeremy Bouma–Knowing the Elephant: Revelation’s Place in a Theology of Religions

Maybe you’ve heard the famous story of the blind men and the elephant. The story is told from the vantage point of a king who watches as men grapple with the reality of the massive creature:

One man holds the tail, another its tusks; one person grasps the elephant’s ears, another touches its massive body. Each person insists the creature is as his perspective allows, which is why the story is often quoted in the interest of religious pluralism, even agnosticism.

Except, as Daniel Strange notes in his new book Their Rock Is Not Like Our Rock, the story demonstrates epistemic arrogance, for the king insists he sees the whole elephantine truth that all the world religions miss!

Given this story, when it comes to a theology of religions Strange insists one needs to reveal the foundation upon which they base their authority….

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Posted in * Culture-Watch, Books, Globalization, Multiculturalism, pluralism, Religion & Culture, Theology

(Economist Erasmus Blog) Gender, violence and religion When north and south agree

A couple of days ago, a senior African cleric was holding forth on the need to combine religious instruction with, in the broadest sense, sex education. Both at home and at school, declared Archbishop Henri Isingoma, boys must be taught about the higher purpose of sex as “the way God wanted to make the human race continue”. Another acute problem, he added, was “ignorance of the responsibilities of men towards women.” He was speaking in a webinar organised by a department of the global Anglican church, drawing in clergy and church workers from their own and other Christian confessions.

So…was this one more depressing display of the giant cultural gap between the liberal north and the traditional south, especially over sexuality, which is tearing apart the 80m-strong Anglican Communion, and many other religious bodies?

No, it was nothing of the kind, and that’s what made the discussion more worthwhile. The topic was “gender-based violence” which is a catchall term that describes both domestic cruelty and the still-greater horrors that take place on battlefields when soldiers run amok and commit rape. Victims of GBV are mainly female, but they also include men and boys. And the striking thing was that on this exceptionally grave subject, “conservatives” and “liberals” plainly find it useful to talk and cooperate, and the talk goes well beyond platitudes.

Mara Luz, an Anglican church worker from Brazil, said 40% of women in her country experienced some kind of violence; there were well-written laws, but implementation was very poor, especially in remote areas.

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Posted in * Culture-Watch, Anthropology, Ethics / Moral Theology, Globalization, Psychology, Religion & Culture, Sexuality, Theology, Violence

(WSJ) Nicholas Eberstadt–The Global Flight From the Family

Our world-wide flight from family constitutes a significant international victory for self-actualization over self-sacrifice, and might even be said to mark a new chapter in humanity’s conscious pursuit of happiness. But these voluntary changes also have unintended consequences. The deleterious impact on the hardly inconsequential numbers of children disadvantaged by the flight from the family is already plain enough. So too the damaging role of divorce and out-of-wedlock childbearing in exacerbating income disparities and wealth gaps””for society as a whole, but especially for children. Yes, children are resilient and all that. But the flight from family most assuredly comes at the expense of the vulnerable young.

That same flight also has unforgiving implications for the vulnerable old. With America’s baby boomers reaching retirement, and a world-wide “gray wave” around the corner, we are about to learn the meaning of those implications firsthand.

In the decades ahead, ever more care and support for seniors will be required, especially for the growing contingent among the elderly who will be victims of dementia, or are childless and socially isolated. Remember, a longevity revolution is also under way. Yet by some cruel cosmic irony, family structures and family members will be less capable, and perhaps also less willing, to provide that care and support than ever before.

Read it all (my emphasis).

Posted in * Culture-Watch, * Economics, Politics, Anthropology, Children, Economy, Ethics / Moral Theology, Globalization, Marriage & Family, Politics in General, Theology

NPR's Marketplace Interviews Marc Goodman on the Future of the Internet+Cybersecurity

“There’s Moore’s Law and there are Moore’s Outlaws,” he says. Goodman has worked for Interpol, the FBI, even the U.S. Secret Service, and through his new book “Future Crimes”
he’s feverishly trying to sound the alarm that we will soon be more vulnerable than we have ever been. Why?

“Our cell phones and computers are now online,” Goodman says. “But in the future it’s going to be our cars, airplanes, pacemakers, pets, elevators, prisons. Every physical object is going online because of something called ‘the Internet of things.’”

Somewhere between 50 and 200 billion things will be connected soon, he says, and that will take the new crime paradigm to a terrifying level.

“Crime used to be a one-on-one affair. Go out and buy a gun or a knife if you’re a criminal, rob one person at a time,” Goodman says. “Now through technology it becomes possible for one person to reach out and touch over 100 million people.”

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Defense, National Security, Military, Economy, Ethics / Moral Theology, Globalization, Law & Legal Issues, Science & Technology, Theology

(NYT) As Rivals Falter, India’s Economy Is Surging Ahead

hina’s economy is slowing. Brazil is struggling as commodity prices plunge. Russia, facing Western sanctions and weak oil revenue, is headed into a recession.

As other big developing markets stumble, India is emerging as one of the few hopes for global growth.

The stock market and rupee are surging. Multinational companies are looking to expand their Indian operations or start new ones. The growth in India’s economy, long a laggard, just matched China’s pace in recent months.

India is riding high on the early success of Prime Minister Narendra Modi and a raft of new business-friendly policies instituted in his first eight months.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Anthropology, Asia, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Globalization, Housing/Real Estate Market, India, Labor/Labor Unions/Labor Market, Law & Legal Issues, Politics in General, Stock Market, Theology

(BBC) Egypt seeks UN mandate for Libyan ISIS intervention

Egypt’s President Abdel Fattah al-Sisi has called for a United Nations resolution allowing international forces to intervene in Libya.

There was no other choice, he told French radio. “We will not allow them to cut off the heads of our children.”

Egyptian jets bombed IS targets on Monday in response to a militant video of the apparent beheadings of 21 Egyptian Christians.

Rival militias have been battling for control in Libya since 2011.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Africa, Defense, National Security, Military, Egypt, Ethics / Moral Theology, Foreign Relations, Globalization, Islam, Libya, Middle East, Other Faiths, Politics in General, Religion & Culture, Terrorism, Theology, Violence

(NY Times) U.S. Is Escalating a Secretive War in Afghanistan

As an October chill fell on the mountain passes that separate the militant havens in Afghanistan and Pakistan, a small team of Afghan intelligence commandos and American Special Operations forces descended on a village where they believed a leader of Al Qaeda was hiding.

That night the Afghans and Americans got their man, Abu Bara al-Kuwaiti. They also came away with what officials from both countries say was an even bigger prize: a laptop computer and files detailing Qaeda operations on both sides of the border.

American military officials said the intelligence seized in the raid was possibly as significant as the information found in the computer and documents of Osama bin Laden in Abbottabad, Pakistan, after members of the Navy SEALs killed him in 2011.

In the months since, the trove of intelligence has helped fuel a significant increase in night raids by American Special Operations forces and Afghan intelligence commandos, Afghan and American officials said.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Afghanistan, Asia, Defense, National Security, Military, Economy, Ethics / Moral Theology, Foreign Relations, Globalization, Politics in General, Science & Technology, Terrorism, The U.S. Government, Theology

(NYT Magazine) How One Stupid Tweet Blew Up Justine Sacco’s Life

I would be the only person she spoke to on the record about what happened to her, she said. It was just too harrowing ”” and “as a publicist,” inadvisable ”” but she felt it was necessary, to show how “crazy” her situation was, how her punishment simply didn’t fit the crime.

“I cried out my body weight in the first 24 hours,” she told me. “It was incredibly traumatic. You don’t sleep. You wake up in the middle of the night forgetting where you are.” She released an apology statement and cut short her vacation. Workers were threatening to strike at the hotels she had booked if she showed up. She was told no one could guarantee her safety.

Her extended family in South Africa were African National Congress supporters ”” the party of Nelson Mandela. They were longtime activists for racial equality. When Justine arrived at the family home from the airport, one of the first things her aunt said to her was: “This is not what our family stands for. And now, by association, you’ve almost tarnished the family.”

As she told me this, Sacco started to cry. I sat looking at her for a moment. Then I tried to improve the mood. I told her that “sometimes, things need to reach a brutal nadir before people see sense.”

Read it all.

Posted in * Culture-Watch, * Economics, Politics, --Social Networking, Anthropology, Blogging & the Internet, Ethics / Moral Theology, Globalization, History, Politics in General, Psychology, Theology

(W Post) Danielle Pletka–The dangerous allure of partnering with Iran

On its face, taking the Iranian side in a sectarian war in which the Islamic State stands on the other side may make sense in an enemy-of-my-enemy way. What could be wrong with using Iran to kill the Islamic State and al-Qaeda, even if the price is keeping a few bad guys in power in Damascus or Sanaa? Unfortunately, lots.

There is no reason to believe that a Shiite version of the one-stop dictator shop that characterized U.S. diplomacy for much of the 20th century will work any better than the earlier Sunni compact that denied tens of millions their democratic aspirations and paved the way to today’s turmoil.

What eludes the Obama administration, as it did George W. Bush, is that the battle for the future of the Middle East is a war of ideas. Taking sides in the Sunni-Shiite sectarian war will not restore the illusory stability of old. Rather, the path to long-term stability means working with groups that eschew violence, respecting religious preferences without sacrificing minorities, pressing toward market economies that empower individuals and building toward a region that rests on the consent of the governed. There is no secret path to peace, not through Tehran, not through Riyadh, not at all.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Defense, National Security, Military, Ethics / Moral Theology, Foreign Relations, Globalization, History, Iran, Middle East, Politics in General, Science & Technology, Theology

The Archbishop of Canterbury's speech this week on religious freedom

The choice to respond in faith or not is right through the Bible. The choice of truth and error is right through the Bible. In the Old Testament, the Jewish scriptures, we see above all in the history of Israel and in the teaching of Deuteronomy (Deuteronomy 30:11 ff) and all those books that link in closely to that pivotal book of the Old Testament. In Deuteronomy alone the word ”˜choose’ comes more than 20 times; it is fundamental to our understanding of what it is to relate to God and to the world.

We are those who have space, who have free will, who have choice ”“ and then bear the consequences.

For these reasons, even more fundamentally than international law, freedom of religion is a fundamental human right ”“ now enshrined in international law ”“ and should be treated as equal, not subordinate, to other human rights. And for those of us who are Christians, let’s just be quite clear that the church, including the Church of England, has a poor record in this as in many other areas, but perhaps in the last 300 years has begun to learn a little of where it went wrong.

Because human beings are in the image of God, our religious beliefs are a core part of what it is to be human. They form us into who we are; they provide foundations for our deepest convictions, and motivations for our sincerest actions.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, --Justin Welby, Anthropology, Archbishop of Canterbury, Ethics / Moral Theology, Globalization, Law & Legal Issues, Politics in General, Religion & Culture, Theology, Theology: Scripture

An Overview of Global Christianity in Terms of Statistics

Posted in * Culture-Watch, * Religion News & Commentary, Globalization, Orthodox Church, Other Churches, Religion & Culture, Roman Catholic, Sociology

(CSM) Why a Paris terrorist wore a GoPro

It’s not an event unless it’s on video.

That appears to have been the case for terror suspect Amedy Coulibaly, who wore a camera on his body when he attacked a Jewish grocery store in Paris earlier this month, according to multiple news outlets.

The information, first released by CNN, supports an earlier report by French magazine L’Express that Coulibaly used a GoPro camera to record seven minutes of his raid. He then emailed a copy of the clip using a computer at the market before he was killed by police, according to L’Express reporter Eric Pelletier.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, --Social Networking, Blogging & the Internet, Ethics / Moral Theology, Globalization, Media, Science & Technology, Terrorism, Theology

(PS) Guy Ryder–Labor in the Age of Robots

Fears about the impact of technology on the labor market are nothing new. In the early nineteenth century, a group of English textile workers known as the Luddites worried that new technologies like power looms and spinning frames would cost them their jobs. They protested by smashing the machines.

Today, anxiety that new technologies could destroy millions of jobs is as high as ever. In the midst of a major employment crisis, technology continues to reduce the labor needed for mass production, while the automation of routine legal and accounting tasks is hollowing out that sector of the job market as well. The science of robotics is revolutionizing manufacturing; every year, an additional 200,000 industrial robots come into use. In 2015, the total is expected to reach 1.5 million. Adapting the labor market to a world of increasingly automated workplaces will be one of the defining challenges of our era.

Yet no country can afford to ignore the transformation. Globally, some 200 million people are unemployed, up 27 million since 2008. There is a critical need to anticipate coming technological changes and provide the global workforce with the education and skills needed to participate in the modern labor market.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Anthropology, Economy, Ethics / Moral Theology, Globalization, Labor/Labor Unions/Labor Market, Science & Technology, Theology

ACNA leader Bill Atwood–The River in the Desert, a global Anglican view

Looking down at the scrolling desert below it is hard not to be discouraged by the chaos of Somalia, and the violence in South Sudan. Even worse, any evening news broadcast will show hot spots of terror and militancy from Morocco to Afghanistan, and then beyond touching even the capitals of many nations where once Christendom reigned. Does this mean that Islam is overwhelming Christianity? I do not believe so.

Where the heart and soul of the Christian faith is embraced, there is life aplenty. It is where the people forget, and like the Jews of Jerusalem may well have to be carried off to Babylon in order to begin to remember again. Even in the places where there are brutal regimes and a spiritual desert, the river of God still flows and its life overwhelms the death of empty messages.

In some places, the church is attempting to modify its charter from the Lord Jesus and seeks to present another message. Sadly, it is neither respected or effective. What is effective is fidelity and the Power of the Cross.

Those from Christian origins who stray make a mistake in thinking that there is not a problem. Another mistake is assuming that there is nothing we can do about the struggle. Those grave errors are compounded when the Church fails to tap into the life that God offers.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, - Anglican: Commentary, Globalization, Theology

Predictions suggest Greece's radical left-wing Syriza party is 1 vote short of absolute majority

The leader of the left-wing Syriza party Alexis Tsipras has said Greece is “leaving behind disastrous austerity”, after his party claimed victory in the country’s general election.

And the 40-year-old told jubilant supporters the “Troika” of the country’s lenders “is finished”.

He was speaking after the Greek Prime Minister Antonis Samaras, who heads the conservative New Democracy party, conceded defeat to Mr Tsipras.

Partial election results suggest Syriza has secured 36.5% of the vote, compared to 27.7% for the New Democracy party.

Read it all from Sky news.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Foreign Relations, Globalization, Greece, Politics in General, Theology

Thomas Friedman: You can't dance around the topic of radical Islam, say It Like It Is

I’ve never been a fan of global conferences to solve problems, but when I read that the Obama administration is organizing a Summit on Countering Violent Extremism for Feb. 18, in response to the Paris killings, I had a visceral reaction: Is there a box on my tax returns that I can check so my tax dollars won’t go to pay for this?

When you don’t call things by their real name, you always get in trouble. And this administration, so fearful of being accused of Islamophobia, is refusing to make any link to radical Islam from the recent explosions of violence against civilians (most of them Muslims) by Boko Haram in Nigeria, by the Taliban in Pakistan, by Al Qaeda in Paris and by jihadists in Yemen and Iraq. We’ve entered the theater of the absurd.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Economy, Ethics / Moral Theology, Foreign Relations, Globalization, Islam, Office of the President, Other Faiths, Politics in General, President Barack Obama, Religion & Culture, Terrorism, The U.S. Government, Theology, Violence

(BBC) London hosts coalition talks on the best way to Combat ISIS

Foreign ministers from 21 countries are meeting in London to discuss ways to co-ordinate their efforts to combat the jihadist group Islamic State (IS).

IS controls large swathes of Syria and Iraq and the US-led coalition has been carrying out air strikes since August.

But UK Foreign Secretary Philip Hammond insisted much more needed to be done.

He told the BBC that the countries wanted to find ways to halt the flow of recruits to IS, cut off its funding and “tackle the underlying narrative”.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Africa, Ethics / Moral Theology, Foreign Relations, Globalization, Middle East, Politics in General, Religion & Culture, Terrorism, Theology, Violence

(WSJ) Get Used to Cheap Oil. Why Lower Prices May Stick Around

Leonardo Maugeri, an associate professor at Harvard University’s Belfer Center for Science and International Affairs and who predicted the current collapse in prices back in 2012, estimates world oil production capacity is about 101 million barrels a day. That’s nearly 10% more than expected demand next year.

Mr. Maugeri says U.S. shale and tight oil production is more resilient than many expected because of lower break-even costs and higher productivity levels. Service fees are also falling at the same time, as hedging still offers a cushion to shale producers until mid-2015, he said.

That resilience may force Saudi Arabia to keep up its price war well into the year before the strategy wrings out some of the oversupply.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Energy, Natural Resources, Ethics / Moral Theology, Globalization, Theology

Big Mere Anglicanism 2015 Conference This week; we ask for your prayers

You can find the speakers brief bios here and the conference schedule there and the vision for the gathering here. You all know enough about a conference like this to know that there is much more to it than simply the presentations. Please pray for the speakers travel and ministry here (a number are serving in Sunday worship after the conference locally), the time to develop new friendships and renew old ones, for the Bishop and his wife Allison in their hosting capacity, and especially for the the Rev. Jeffrey Miller of Beaufort and his assisting staff, who has the huge responsibility of coordinating it all–KSH.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Religion News & Commentary, * South Carolina, Adult Education, Apologetics, Globalization, Ministry of the Laity, Ministry of the Ordained, Other Faiths, Parish Ministry, Religion & Culture, Secularism, Seminary / Theological Education, Theology

(PS) Raghuram Rajan–Is the Global Economy Bracing for Stagnation?

As 2015 begins, the global economy remains weak. The United States may be seeing signs of a strengthening recovery, but the eurozone risks following Japan into recession, and emerging markets worry that their export-led growth strategies have left them vulnerable to stagnation abroad. With few signs that this year will bring any improvement, policymakers would be wise to understand the factors underlying the global economy’s anemic performance ”“ and the implications of continued feebleness.

In the words of Christine Lagarde, the International Monetary Fund’s managing director, we are experiencing the “new mediocre.” The implication is that growth is unacceptably low relative to potential and that more can be done to lift it, especially given that some major economies are flirting with deflation.

Conventional policy advice urges innovative monetary interventions bearing an ever expanding array of acronyms, even as governments are admonished to spend on “obvious” needs such as infrastructure. The need for structural reforms is acknowledged, but they are typically deemed painful, and possibly growth-reducing in the short run. So the focus remains on monetary and fiscal stimulus ”“ and as much of it as possible, given the deadening effects of debt overhang.

And yet, the efficacy of such policy advice remains to be seen.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Asia, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Europe, European Central Bank, Federal Reserve, Foreign Relations, Globalization, India, Personal Finance, Politics in General, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government, Theology

(FT) Economy faces ”˜headwind’, says IMF's Christine Lagarde

Cheaper oil prices and a resurgent US economy are unlikely to be enough to pull the global economy out of a growth pattern that is “too low, too brittle and too lopsided”, Christine Lagarde, managing director of the International Monetary Fund, said on Thursday.

Despite what ought to be the benefits for many economies from sharp falls in oil prices, which has more than halved since the summer, and the strengthening US recovery, the world still faces “a very strong headwind”, seven years on from the financial crisis.

Speaking in Washington, Ms Lagarde said: “The oil price and US growth are not a cure for deep-seated weaknesses elsewhere.

“Too many countries are still weighed down by the legacies of the financial crisis, including high debt and high unemployment. Too many companies and households keep cutting back on investment and consumption today because they are concerned about low growth in the future.”

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Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Foreign Relations, Globalization, Politics in General, The Banking System/Sector, Theology

(Bloomberg) Switzerland Ambushes the Global Economy

The Swiss National Bank’s shock move today to stop intervening in the foreign exchange market all but guarantees the European Central Bank will finally introduce quantitative easing when it meets Jan. 22. Switzerland is surrendering before a wave of post-QE money fleeing the euro threatens to make a mockery of its currency policy. It’s also capitulating as slumping oil brings global deflation ever closer.

t’s an astonishing U-turn. Just two days ago SNB Vice President Jean-Pierre Danthine told Swiss broadcaster RTS that “we’re convinced that the cap on the franc must remain the pillar of our monetary policy.” He added, though, that it was “very possible” that QE would make defending the threshold more difficult. It seems highly probable that the ECB has winked about its policy intentions to its Swiss counterparts.

The ensuing whipsaw in the currency market is unprecedented. The franc immediately appreciated almost 30 percent against the currencies of the Group of Ten industrialized nations, and surged to a record against the euro…:

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Globalization, Stock Market, Switzerland, The Banking System/Sector, Theology