Category : Globalization

(ACLJ) Free Saeed Abedini: Time for a Unified National and International Response

Our government is coalescing around Pastor Saeed, but it is still moving too slow and engaging at too low a level. Two weeks ago 49 Members of Congress (37 from the House and 12 Senators) sent letters to the State Department urging “strong and sustained” advocacy on Saeed’s behalf. On Friday we reported that the State Department and White House made near-identical comments within moments of each other that clearly and unequivocally called for Pastor Saeed’s release.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Church/State Matters, Foreign Relations, Globalization, Iran, Law & Legal Issues, Middle East, Politics in General, Religion & Culture

(Zenit) Daniel Vázquez–Is the Pope Too Exposed on Twitter?

The arrival of the Pope on Twitter has generated all types of reactions. The fact that the Pope has become a user of the second largest social network on the Internet has become the subject of much discussion. Everyone has an opinion about what this development means. Some interpret it as a desire to become more “modern,” to bring the Vatican “up to date,” and in doing so, improve the Pope’s image and, by extension, that of the Church. This is an easy interpretation, albeit rather superficial, and one that is quite far from grasping the depth and scope of this initiative.

Several of the messages that the Holy Father has delivered for the most recent World Communications Days have provided the keys for more substantial interpretation. In these one can see how the Church has admirably understood that fact that the Internet is not only an instrument for communication, but rather, it is above all an area, a place where people meet and develop relationships.

Read it all.

Posted in * Culture-Watch, * Religion News & Commentary, --Social Networking, Anthropology, Blogging & the Internet, Globalization, Other Churches, Pope Benedict XVI, Roman Catholic, Science & Technology, Theology

(ACNS) WCC assembly, an opportunity for praying, listening and sharing

“The World Council of Churches (WCC) 10th Assembly will be an opportunity for praying, listening and sharing together. The event will provide participants a chance to listen for the voice of God, leading them to justice and peace in the world.”

These were the words of Rev. Dr Olav Fykse Tveit, the WCC general secretary, who spoke with the press in Seoul, Republic of Korea on 29 January.

Along with Prof. Dr Metropolitan Gennadios of Sassima, vice-moderator of the WCC Central Committee and moderator of the assembly planning committee, Rev. Dr Henriette Hutabarat Lebang, general secretary of the Christian Conference of Asia, and WCC staff members, Tveit is in Seoul finalizing plans for the WCC assembly.

Read it all.

Posted in * Culture-Watch, * Religion News & Commentary, Ecclesiology, Ecumenical Relations, Globalization, Theology

American Pastor Saeed Abedini Sentenced to 8 Years in Prison in Iran

The U.S. State Department says an American pastor who has been jailed in Iran since September has been sentenced to eight years in prison.

Spokesman Darby Holladay said Sunday that the department is calling on Iran to respect Saeed Abedini’s human rights and release him.

Read it all and also read ACLJ comments there.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Foreign Relations, Globalization, Iran, Law & Legal Issues, Middle East, Politics in General, Religion & Culture

Thomas McDonald–Habemus Appam: The Pope’s Own App

I may have to take back all the bad things I’ve been saying about Vatican communications. (Okay, some of them.) First, the Pope starts Tweeting, and now they roll out an app.

And ”¦ it’s actually a pretty good one! Given how crummy the Vatican’s own website is, this is nothing short of amazing.

The Pope App (free, iOS, and Android forthcoming) could have been all kinds of wrong, from the function, to the name, to the icon. (Icons matter on mobile.) Instead, The Pope App hits most of the bases in style. The name is light, direct, and almost saucy. Just imagine the ponderous Latin names that were probably kicked around. The icon has a bold yellow silhouette of Papa Bene. The only strike I can really level against the rollout is that it’s iPhone-native only, with no native iPad support, and no simultaneous Android.

Read it all.

Posted in * Culture-Watch, * Religion News & Commentary, Blogging & the Internet, Globalization, Other Churches, Pope Benedict XVI, Religion & Culture, Roman Catholic, Science & Technology

(PBS Newshour) Exploring Technology: the Effectiveness and Consequences of Drone Warfare

NARRATOR: Depending on the situation, the decision to kill comes from an intelligence officer who could be anywhere, a battle commander on the ground, or sometimes the pilot.

JEFFREY BROWN: Since the Obama administration came to power four years ago, the United States has vastly increased the number of drone strikes against suspected terrorists.

Just today, Reuters reported that six suspected al-Qaida militants were killed in Yemen. But their use has been highly controversial, on a number of levels.

And we move to that debate now, with Seth Jones, who worked for the commander of U.S. special forces in Afghanistan from 2009 to 2011 and is now a senior political scientist at the RAND Corporation, and Chris Anders, senior legislative counsel at the American Civil Liberties Union….

Read or watch it all.

Posted in * Culture-Watch, * Economics, Politics, Defense, National Security, Military, Economy, Ethics / Moral Theology, Foreign Relations, Globalization, Law & Legal Issues, Politics in General, Science & Technology, Terrorism, The U.S. Government, Theology

The Pope App–A Sign of the Times?

Check it out.

Posted in * Culture-Watch, * Religion News & Commentary, Globalization, Media, Other Churches, Pope Benedict XVI, Religion & Culture, Roman Catholic, Science & Technology

M. Zuhdi Jasser–America Must Protect Religious Freedom Abroad

In the U.S., I learned that whether I am in the minority or the majority, the only way to realize religious freedom is to live in a society where its governmental laws are based in reason and government stays out of the business of determining which religious legalisms are righteous. There are sadly hundreds to thousands more cases like these of courageous religious minorities and also dissident Sunni and Shiite Muslims from within the majority in countries like Egypt and Iran who are at the tip of the spear. They are often alone cutting through the battle raging inside the soul of Islam and Muslim communities across the world.

As leaders of the free world, our nation can choose to abandon these canaries in the Islamist coal mine or we can lift up their plights as beacons of freedom that can ultimately defeat Islamism. It is time to call out the governmental oppressors of innocents like Nadia Mohammed Ali in Egypt or Saeed Abedini in Iran for what they are–ruthless fascist theocrats (Islamists) who use religion as a tool to destroy the spirit of their citizenry.

If the United States stands for anything we need to vigorously and consistently stand for the protection of religious freedom abroad that is not only enshrined in our own founding documents, but in the Universal Declaration of Human Rights which we are supposed to protect.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, America/U.S.A., Ethics / Moral Theology, Foreign Relations, Globalization, Islam, Law & Legal Issues, Middle East, Other Faiths, Pastoral Theology, Politics in General, Religion & Culture, Theology

Big Mere Anglicanism 2013 Conference This week; we ask for your prayers

You can find the speakers and agenda here and there. 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, who has the huge responsibility of coordinating it all–KSH.

Posted in * Anglican - Episcopal, * Culture-Watch, * South Carolina, Christology, Globalization, Theology

(Get Religion) Terry Mattingly–Missing voices in coverage of the National Cathedral rites

When I started reading the coverage, I wanted to know if the teams in our major newsrooms realized that this symbolic action was a typical Episcopal-Anglican story, one with implications at the local, national and global levels. I also wondered if journalists would consider the ecumenical impact of this decision, in terms of the cathedral’s relationships with larger bodies of American believers ”” such as Catholics, evangelicals, charismatics, etc. Who knows, there was even a chance that journalists might interview one or two important religious leaders who opposed this action.

Hey, it could happen.

But don’t hold your breath.

Read it all and follow the links.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, --Civil Unions & Partnerships, Anthropology, Episcopal Church (TEC), Globalization, Liturgy, Music, Worship, Marriage & Family, Media, Parish Ministry, Religion & Culture, Sexuality, Theology, Theology: Scripture

(NY Times) Next Made-in-China Boom: College Graduates

Even if her dream is only dorm-room reverie, China has tens of millions of Ms. Zhang [Xiaoping]s ”” bright young people whose aspirations and sheer numbers could become potent economic competition for the West in decades to come.

China is making a $250 billion-a-year investment in what economists call human capital. Just as the United States helped build a white-collar middle class in the late 1940s and early 1950s by using the G.I. Bill to help educate millions of World War II veterans, the Chinese government is using large subsidies to educate tens of millions of young people as they move from farms to cities.

The aim is to change the current system, in which a tiny, highly educated elite oversees vast armies of semi-trained factory workers and rural laborers. China wants to move up the development curve by fostering a much more broadly educated public, one that more closely resembles the multifaceted labor forces of the United States and Europe.

Read it all.

Posted in * Culture-Watch, * International News & Commentary, Asia, China, Education, Globalization, Young Adults

Archbishop-elect Justin Welby writes in Bloomberg on virtue, vice and banks

Late one night 20 years ago, when I was an oil executive rather than an Anglican bishop, I had run out of steam and patience toward the end of a complex multinational acquisition. We came to yet another bit of box ticking and I suggested we skip it, because we knew the material was accurate.

“Justin,” our wise investment-bank director said quietly, “you know that’s not how we do it.”

Under pressure, everyone is prone to make bad decisions and that story remains in my mind as I sit on the U.K.’s Parliamentary Commission on Banking Standards, listening to people talk about banks, bankers and their failures.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, --Justin Welby, Archbishop of Canterbury, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, England / UK, Ethics / Moral Theology, Globalization, Labor/Labor Unions/Labor Market, Law & Legal Issues, Religion & Culture, Stock Market, Taxes, The Banking System/Sector, Theology

Resources You Need to Know About–Regent College's Marketplace Institute

Our Vision

Our vision is for the gospel to be recognized as public truth again. We want to see Christians owning the gospel in all aspects of their lives, and demonstrating its positive impact at all levels of society””individuals, communities, sectors, and the entire marketplace of ideas.

Our Mission

Our mission is to take the gospel public. Through our research and our grounding in the calibre of theological education found at Regent College, we aim to provide and embody fresh, reliable, and well-informed expressions of the gospel that reveal its truth, necessity, and relevance to all spheres of public life….

Check it out thoroughly.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Blogging & the Internet, Canada, Economy, Education, Globalization, Politics in General, Religion & Culture, Seminary / Theological Education, Theology

(ABC Nightline) Investigating Chinese Firms listed on American exchanges later found to be Frauds

“Dozens of companies have been delisted from our exchanges due to economy irregularities and outright fraud,” said Dan David, vice president of GeoInvesting, LLC, a firm that monitored the Asian investment craze. “They raised hundreds of millions, some companies, that is outright money that was taken from investors that they’ll never see again.”

[Mary] Schapiro said the SEC opened 40 cases against Chinese firms during her tenure, targeting financial schemes she described as “brazen” and “extraordinary.” Schapiro, who stepped down in December, said that when she asked Chinese Vice Premier Wang Qishan for help during a trip to Beijing in July her requests were rebuffed.

“We haven’t yet achieved a level of cooperation that makes it possible for us to get access to Chinese companies the way we need,” Shapiro said. “We will fight hard to try to secure recovery for U.S. investors. But it’s harder when we don’t have the cooperation of the foreign government.”

Read it all and watch the video report (recommended)

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Asia, China, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Globalization, Law & Legal Issues, Stock Market, Theology

(Vatican Radio) Pope Benedict XVI appeals for a ceasefire in Syria

Pope Benedict XVI has made an urgent appeal to civil and political authorities to work for peace. The Pope’s heartfelt cry came on Monday during his annual address to Members of the Diplomatic Corps accredited to the Holy See.

Speaking to representatives of the 179 States that currently have full diplomatic relations with the Vatican, as well as members of numerous international organizations such as the EU, the Order of Malta and the PLO, Pope Benedict emphasized that world leaders have a grave responsibility to work for peace. They are the first ”“ he said ”“ called to resolve the numerous conflicts causing bloodshed in our human family.

And the Pope went on to list urgent areas of concern starting with Syria which he described as being “torn apart by endless slaughter and the scene of dreadful suffering among its civilian population”.

Read it all.

Posted in * Culture-Watch, * International News & Commentary, * Religion News & Commentary, Globalization, Middle East, Other Churches, Pope Benedict XVI, Religion & Culture, Roman Catholic, Syria, Violence

(Bloomberg) Google’s Schmidt urged by U.S. against trip to North Korea

Google Inc. Executive Chairman Eric Schmidt may travel to North Korea over opposition from the U.S. State Department, becoming the highest-profile businessman to visit the isolated nation since Kim Jong Un succeeded his father as leader just over a year ago.

Former New Mexico Governor Bill Richardson said today that he and Schmidt are planning a “private humanitarian visit” and that Schmidt is going as a citizen interested in foreign affairs. “This is not a Google trip,” Richardson said.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Asia, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Foreign Relations, Globalization, North Korea, Politics in General, Theology

(FT) Samuel Brittan–The decline of western dominance

…what has to be explained is not the west’s looming relative decline but its temporary pre-eminence. Of a world population approaching 7bn, the US and western Europe together account for a mere 770m. Their gross domestic product per head ”“ a very approximate guide to living standards ”“ is three times the world average. Such discrepancies can hardly be expected to last in an increasingly globalised planet. In 1500, just after Christopher Columbus’s voyages of discovery, China and India were both estimated to have had a total GDP considerably higher than western Europe’s and GDP per head only slightly lower. Earlier still, in about 1000, living standards were fairly uniform ”“ and low ”“ throughout the world but the estimates show China slightly in the lead.

The reversal towards an earlier norm has already started. Emerging and developing countries now account, for the first time in the modern era, for about half of total world output. Historians have offered endless explanations for the west’s temporary surge: religions that put more emphasis on the individual and his activities in this life; an intellectual climate more favourable to scientific thought; property rights that safeguarded acquisitions of wealth; less autocratic forms of government. The list is endless and doubtless all these elements played a part. In the late 18th century the government of England’s George III sent a trade mission to China, only to be rebuffed by the Chinese emperor who declared that his country had everything it required and did not need western trinkets.

But such attitudes could hardly be expected to last, faced with the evidence of an increasing western lead. What the west initiated the others would follow; and eventually began to initiate on their own.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Economy, Foreign Relations, Globalization, History, Politics in General

(RNS) The seven most provocative religious videos of 2012

Imagine if Martin Luther and John Calvin had YouTube.

Armed with Gutenberg’s printing press, the two reformers wrested Europe from the grip of the Roman Catholic Church and changed Christianity forever.

What would they have done with a medium that can zip text, music, and, perhaps most importantly, videos across the globe in a matter of seconds?

“The importance of YouTube, the importance of the Internet is huge for the next coming generation of the church,” Jefferson Bethke told NPR earlier this year.

Read it all.

Posted in * Culture-Watch, Blogging & the Internet, Globalization, Religion & Culture, Science & Technology

A List of countries by population

Try to do the top ten in order before you look.

Posted in * Culture-Watch, Globalization

(The Economist) The rich world's economy–The gift that goes on giving

The holiday season is a time for expansive thoughts, and not just about waistlines. It allows people time to step back from the daily grind and think about how they could do things differently. Has lack of imagination blinded them to simple solutions? With a little effort, could they make 2013 a lot better?

For the rich world’s governments, the answer is yes. We offer three ways to improve confidence and increase growth in what otherwise looks like being a pretty bleak year. Regular readers will not be astonished to hear that all three involve trade liberalisation. This is, indeed, a theme we have returned to with some frequency since this newspaper was set up in 1843 to oppose Britain’s protectionist Corn Laws. But the gains to be had from sluggish rich countries opening their borders to each other’s goods and services look enticing. The world is less integrated than most people realise. And trade also offers a chance for liberal democracies to re-establish their credentials as the world’s guides towards prosperity.

According to the IMF, in 2013 America’s economy may grow by around 2%, Japan’s and Britain’s by 1% or so, and the euro zone’s will be lucky to grow at all. Policymakers in each of these economies could do plenty of things to improve this dour prognosis, but most involve unappealing choices. A further monetary boost may help add zip to the recovery, but risks producing asset bubbles. More fiscal expansion could help growth but could weigh governments down with extra debt.

Read it all.

Posted in * Culture-Watch, * International News & Commentary, America/U.S.A., Asia, Caribbean, England / UK, Europe, Globalization, Japan

(FT) Gavyn Davies–Another year in thrall to the central bankers

Understanding the developing attitude of the central banks, and the effects of their actions, obviously remains central for investors in all financial assets. The “big picture” for global financial assets, involving very low government bond yields and a gradual shift of risk appetite into credit and equities, is unlikely to change until one of two events takes place.

The first would be a decision by the central bankers themselves that the era of unlimited quantitative easing must end, either because of the risk of inflation and asset price bubbles, or because of concerns about fiscal dominance over the monetary authorities. The second would be a realisation by the markets that further action by the central bankers is irrelevant because they have run out of effective ammunition. Either of these events would probably remove the central prop from the equity bull market which began in March, 2009, but neither seems very likely in 2013.

There is certainly no sign that the central bankers themselves will call a halt to the extension of their balance sheets.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, America/U.S.A., Asia, China, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Federal Reserve, Globalization, Japan, Politics in General, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government, The United States Currency (Dollar etc)

(Huffington Post) Christmas 2012: Celebrations Around The World

Enjoy them all–there are 39 total.

Posted in * Christian Life / Church Life, * Culture-Watch, Christmas, Church Year / Liturgical Seasons, Globalization, Liturgy, Music, Worship, Religion & Culture

(BBC) In pictures: 2012 Christmas celebrations from around the world

Check them out and note there is a slideshow option.

Posted in * Christian Life / Church Life, * Culture-Watch, Christmas, Church Year / Liturgical Seasons, Globalization, Liturgy, Music, Worship, Religion & Culture

(Standpoint) Michael Nazir Ali–Calling All Christians: Prepare For Exile

In 1996 I chaired an ecumenical commission which produced a report called The Search for Faith. The difference between this report and many others like it was that it immediately became a cause célèbre in the media. The reason was its treatment of contemporary spirituality which it described as “pick ”˜n’ mix” and as reflecting attitudes in culture not only to faith but to relationships, values and much else besides.

The report also examined the persistence of belief, and the need to believe, even if the need to belong is no longer felt with such intensity or felt at all. This is shown, again and again, in the large number of people who describe themselves as Christian when modest percentages of the general population go to church on a given Sunday.

It gave considerable attention to what I have recently called “nothing-but-ery”, or a reductionist view of the universe and of the human condition””allegedly, but illegitimately, based on science. This is sometimes accompanied by an aggressive form of secularism which seeks to exclude religious discourse from the public sphere altogether, while continuing to espouse such values as the inherent dignity of human beings, or equality and freedom that have ultimately been derived from a religious and, more specifically, a Judaeo-Christian worldview. Such secularism favours individualism over community but also has a tendency to capitulate to culture. Not surprisingly, it is in thrall to scientific developments and can take a libertarian approach to how these are applied in the treatment of the embryo, the care of the person towards the end of life, or maintaining the integrity of the family in the face of assisted fertility technologies. In much of this, there is an implicit utilitarianism at work, with neglect of other considerations that may arise from a spiritual or deontological view of morality.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, Anglican Provinces, Church of England (CoE), CoE Bishops, Globalization, Law & Legal Issues, Politics in General, Religion & Culture

Our Christian Earth: The astounding reach of the world’s largest religion, in charts and maps

Christmas is an official government holiday in the United States, one that coincides with a smaller and informal but well-known tradition: debating whether or not there is a “war on Christmas.” In this thinking, American Christians are obligated to ”stand up and fight against this secular progressivism that wants to diminish the Christmas holiday,” as prominent Fox News host Bill O’Reilly recently argued. “We have to start to fight back against these people.” This is often portrayed as a global fight; O’Reilly, in one of his books, suggested that the “war on Christmas” is part of an effort to “mold [the U.S.] in the image of Western Europe.”

This movement to defend one of Christianity’s most important holiday can sometimes seem to begin from the assumption that Christianity itself is on the defensive in the world, a besieged minority or at least under threat of being made one.

A very different picture emerges from a just-out Pew report, “The Global Religious Landscape.” There are a number of fascinating trends and details in the study, but it’s worth examining what it indicates about the place of Christianity in the world. And, based on this data, the world’s largest religion seems to be doing just fine.

Read it all and follow the link to the full Pew report.

Posted in * Christian Life / Church Life, * Culture-Watch, Church History, Globalization, History, Religion & Culture

(NY Times) A Profile of Kalle Lasn and Adbusters–The War Against Too Much of Everything

If you haven’t finished your holiday shopping yet, don’t bother.

Skip the mall and the neighborhood store, resist the urge to shop online and, by all means, don’t buy anything you don’t truly need.

So says Kalle Lasn, 70, maestro of the proudly radical magazine Adbusters, published in Vancouver, British Columbia. Mr. Lasn takes gleeful pleasure in lobbing provocations at global corporations ”” and his latest salvo is “Buy Nothing Christmas.”

Read it all.

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

(LA Times) The Top 10 YouTube videos of 2012

South Korean pop sensation Psy’s “Gangnam Style” has become the most-viewed YouTube video of all time, with the infectious music video approaching 1 billion views worldwide.

The wildfire popularity of the four-minute song and dance video, uploaded just six months ago, represents an inflection point for the online video site, as YouTube’s entertainment offerings expand beyond candid homemade videos such as “Charlie Bit My Finger” or such made-for-TV moments as Susan Boyle’s “I Dreamed a Dream” performance from the show “Britain’s Got Talent.”

Read it all.

Posted in * Culture-Watch, * International News & Commentary, Asia, Blogging & the Internet, Globalization, Media, Science & Technology, South Korea

(Economist) Internet regulation–A digital cold war?

The International Telecommunication Union (ITU) has always prided itself on being one of the most pragmatic organisations of the United Nations. Engineers, after all, speak a similar language, regardless where they come from. Even during the cold war they managed to overcome their differences and negotiate the International Telecommunication Regulations (ITR), a binding global treaty that even today governs telecommunications between countries.

But the internet seems to be an even more divisive than cold-war ideology. The World Conference on International Telecommunications (WCIT) in Dubai, where the ITU met to renegotiate the ITR, ended in failure in the early hours of December 14th. After a majority of countries approved the new treaty, Terry Kramer, the head of the American delegation, announced that his country is “not able to sign the document in its current form.” Shortly thereafter, at least a dozen countries””including Britain, Sweden and Japan””signalled that they would not support the new treaty either. (Update (December 14th, 3.20pm): Of the 144 countries which had the right to sign the new treaty in Dubai, only 89 have done so.)

Read it all.

Posted in * Culture-Watch, * Economics, Politics, --Social Networking, Blogging & the Internet, Economy, Ethics / Moral Theology, Foreign Relations, Globalization, Law & Legal Issues, Politics in General, Science & Technology, Theology

(CSM) Shaping the world of 2030

The “Global Trends 2030” report is generally upbeat about the future. It foresees more individual empowerment, a growing middle class, better health care, and a world order in which the United States learns to better share power (assuming China plays along). It sees Islamic terrorism fading away.

Like many forecasts of global trends, it focuses strongly on material conditions more than the advance of ideas. It sees worrisome urbanization, with nearly 60 percent of the world’s population living in cities by 2030. Demand for “food, water, and energy will grow by approximately 35, 40, and 50 percent respectively,” the report states with presumed precision. “Many countries probably won’t have the wherewithal to avoid food and water shortages without massive help from outside.” At least 15 countries are “at high risk of state failure” by 2030.

These quadrennial reports are useful, up to a point, if they are constantly revised with new information. Most of all, they rely too heavily on experts without also tapping into the wider wisdom within society.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Anthropology, Corporations/Corporate Life, Economy, Education, Globalization, History, Politics in General, Psychology, Theology

(WSJ) The Federal Reserve Extends its Bond Buying Program Into 2013, announces targets as basis

The Federal Reserve refashioned its bond-buying programs on Wednesday, extending its far-reaching effort to revitalize the jobs market and boost the economic recovery into 2013.

In addition, the Fed shifted its communications strategy by specifying the levels of unemployment and inflation that might prompt it to begin raising short-term interest rates, which are now near zero.

The central bank’s policy committee, in its final meeting of the year, said Wednesday it would “initially” begin buying $45 billion of long-term Treasury bonds each month. The latest stimulus from the Fed will replace an expiring program known as “Operation Twist,” in which the Fed has been buying about $45 billion of long-term Treasury bonds each month and selling about the same amount of short-term Treasurys.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Federal Reserve, Globalization, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government