The Federal Reserve’s announcement Thursday is a big deal.

It’s a big deal because of what they’re doing. They’re buying $85 billion in assets every month through the end of the year, and then they’re potentially going to keep doing it in 2013. They’re promising to keep interest rates low through the recovery, and then keep them low after the recovery strengthens.

But it’s a bigger deal because of what they’re saying. Thursday, the Federal Reserve said, finally, that they’re not content with 8 percent unemployment and a sluggish recovery, and they’re willing to actually do something about it. If you’re an investor or a business owner trying to decide what the market is going to look like next year, you just got a lot more optimistic.

Read it all and there is more (with reasons for concern) there.

The violent deaths of four American diplomatic personnel in Libya during a heavily armed and possibly planned assault on a flimsily protected consulate facility on the Sept. 11 anniversary provoked an uproar in Washington on Wednesday, presenting new challenges in the volatile Middle East less than two months before the American presidential election.

The killings of the four Americans on Tuesday, including the ambassador to Libya, J. Christopher Stevens, also raised basic questions about security and intelligence in the eastern Libyan city of Benghazi, where the assault took place, as well as other American diplomatic facilities elsewhere in the region, where deep-seated anti-American sentiment remains a potent force despite United States support for the Arab Spring uprisings that have transfixed the region for nearly two years.

President Obama denounced the attack, promised to avenge the killings and ordered tighter security at all American diplomatic installations. The administration also dispatched 50 Marines to Libya for greater diplomatic protection, ordered all nonemergency personnel to leave Libya and warned Americans not to travel there, suggesting further attacks were possible. A senior defense official said Wednesday night that the Pentagon was moving two warships toward the Libyan coast as a precaution.

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Look at them all.

Herewith the blurb about it:

The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is familiar to anyone who has been to Times Square in New York, where the American public shortfall is revealed. Our clock (updated September 2012) shows the global figure for almost all government debts in dollar terms.

Does it matter? After all, world governments owe the money to their own citizens, not to the Martians. But the rising total is important for two reasons. First, when debt rises faster than economic output (as it has been doing in recent years), higher government debt implies more state interference in the economy and higher taxes in the future. Second, debt must be rolled over at regular intervals. This creates a recurring popularity test for individual governments, rather as reality TV show contestants face a public phone vote every week. Fail that vote, as various euro-zone governments have done, and the country (and its neighbours) can be plunged into crisis.

Now, before you click the link, note that for each country when you click on it you get the following: Public Debt, Public Debt/Person, Population, Public Debt as a % of GDP, and Total Annual Debt Change. Please guess these numbers for your own country and then go and check it out (the country to country comparisons are fascinating).

Sir Tim Berners-Lee is an intimidating interviewee. It’s not so much the worry about keeping up with the brain that invented the world wide web; it’s that when you Google him (in the circumstances, there seems no shame in this method of research), you soon find he has compiled a list of answers to questions that journalists have asked too many times before.

No, he patiently explains on his website, he did not invent the internet; the web is an application that runs on the internet like a fridge uses the power grid. And no, he states, he does not have mixed emotions about his refusal to “cash in” on his invention ”“ “You can’t propose that something be a universal space and at the same time keep control of it.” Nor will he tell you much about his personal life because “what is on the web on this page and my home page is all there is”.

“I thought once I’d put a question on the web, I’d never have to answer it again. And I thought once I got a photographer to take some darn photos of me and put them on the web, then I’d never have to be photographed again,” he says when we meet at his office at the Massachusetts Institute of Technology (MIT). “Was I wrong!”

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In May 1970, President Richard Nixon was one of 75,000 people gathered to hear evangelist Billy Graham preach in Knoxville, Tenn. When they passed the collection plate, Nixon realized he didn’t have any money. So he borrowed some cash from a friend.

The friend? None other than Billy Graham.

“A number of presidents have looked to you for spiritual sustenance over the years,” Nixon later wrote to the famous preacher, “but I suspect I was the first to hit you up for a loan.”

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Sweden has topped a new global index evaluating the state of the web in 61 countries, with the US coming second and the UK third.

Compiled by Sir Tim Berners-Lee’s World Wide Web Foundation, it ranked both the social and political impact of the web.

It found that only one in three people are using the web globally and fewer than one in six in Africa.

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Radical changes to tackle climate change were discussed by over 90 participants from Catholic, Orthodox and Protestant churches from 22 countries at the 9th Assembly of the European Churches Environment Network (ECEN) this week.

Held at Elspeet in the Netherlands, the theme of ”˜Eco-Justice, Growth and Hope’ concentrated on the tensions between the desire for conventional economic growth and the increasing ecological threats to Planet Earth.

Delegates spoke of difficulties and struggles in all their countries; a combination of the effects of climate change, environmental destruction with loss of biodiversity and resources such as water, and the ongoing global economic crisis is challenging people and communities across our whole society. And churches are encouraged to be stronger advocates for creative change in the face of these growing concerns.

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The United States has slipped further down a global ranking of the world’s most competitive economies, according to a World Economic Forum (WEF) survey released on Wednesday.

The world’s largest economy, which was placed 5th last year, fell two positions to the 7th spot – marking its fourth year of decline.

A lack of macroeconomic stability, the business community’s continued mistrust of the government and concerns over its fiscal health were some of the reasons for the downgrade, according to the annual survey.

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You can check here and there. This is what stood out to me:

1802–A French aeronaut dropped eight-thousand feet equipped with a parachute.

1939– The Nazis marched into Czestochowa, Poland, two days after they invaded Poland.

1951–President Truman addressed the nation from the Japanese peace treaty conference in San Francisco in the first live, coast-to-coast television broadcast.

1984–Brian Mulroney’s landslide victory in general elections in Canada.

1985–The first pictures of the wreck of the Titanic are released 73 years after the liner sank with the loss of 1,500 lives.

What stood out to you–KSH?

5. The history of Christian mission has been characterized by conceptions of geographical expansion from a Christian centre to the “un-reached territories”, to the ends of the earth. But today we are facing a radically changing ecclesial landscape described as “world Christianity” where the majority of Christians are either living, or have their origins in the global South and East.[2] Migration has become a worldwide, multi-directional phenomenon which is re-shaping the Christian landscape. The emergence of strong Pentecostal and charismatic movements from different localities is one of the most noteworthy characteristics of world Christianity today. What are the insights for mission and evangelism ”“ theologies, agendas and practices ”“ of this “shift of the centre of gravity of Christianity”?

6. Mission has been understood as a movement taking place from the centre to the periphery, and from the privileged to the marginalized of society. Now people at the margins are claiming their key role as agents of mission and affirming mission as transformation. This reversal of roles in terms of envisioning mission has strong biblical foundations because God chose the poor, the foolish and the powerless (1 Corinthians 1:18-31) to further God’s mission of justice and peace so that life may flourish. If there is a shift of the mission concept from “mission to the margins” to “mission from the margins”, what then is the distinctive contribution of the people from the margins? And why are their experiences and visions crucial for re-imagining mission and evangelism today?

7. We are living in a world in which faith in mammon threatens the credibility of the gospel. Market ideology is spreading the propaganda that the global market will save the world through unlimited growth. This myth is a threat not only to economic life but also to the spiritual life of people, and not only to humanity but also to the whole creation. How can we proclaim the good news and values of God’s kingdom in the global market, or win over the spirit of the market? What kind of missional action can the church take in the midst of economic and ecological injustice and crisis on a global scale?

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The statement draws on insights from Protestant, Evangelical, Orthodox and Roman Catholic mission theologies, and will be presented at the WCC 10th Assembly in Busan, Republic of Korea in 2013.

“The significance of the statement lies in its concept of ‘mission from the margins’, which emphasizes the universality of working for all Gods’ people, as well as the creation, despite divisions and divides,” said Dr Agnes Abuom, WCC Executive Committee member from Kenya.

“The gift of the mission statement is that without attacking the old paradigm of mission values, it invokes new understandings which respond well to our different contexts, including that of migrant churches,” she added.

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It is a testament to the rate of change in the world of mapping, though, that Liquid Galaxy is now essentially old hat. Google has much, much bigger plans. In June it revealed that it had already started using planes ”“ “military-grade spy planes”, the New York senator Charles Schumer claimed ”“ to provide more detailed 3D imagery of the world’s big cities. It also unveiled the Street View Trekker, a bulky backpack with several 15-megapixel cameras protruding on a stalk, so that operatives can capture “offroad” imagery from hiking trails, narrow alleyways or the forest floor. Almost every month, new kinds of data are incorporated into Google Maps: in June, it was 2,000 miles of British canal towpaths, complete with bridges and locks; it was bike lanes. And for the first time, Google’s dominance of digital mapping faces a credible threat: Apple has announced that it will no longer include Google Maps on iPhones or iPads, replacing it with an alternative that, an Apple source told the tech blog All Things D, “will blow your head off”.

“I honestly think we’re seeing a more profound change, for mapmaking, than the switch from manuscript to print in the Renaissance,” says the University of London cartographic historian Jerry Brotton. “That was huge. But this is bigger.” The transition to print gave far more people access to maps. The transition to ubiquitous digital mapping accelerates and extends that development ”“ but it is also transforming the roles that maps play in our lives….

Google and Apple insist, plausibly enough, that they’re not interested in anyone’s individual data: the commercial value lies in the patterns they can detect in the aggregate. But you’d be forgiven for not being entirely reassured….
“There’s kind of a fine line that you run,” said Ed Parsons, Google’s chief geospatial technologist, in a session at the Aspen Ideas Festival in Colorado, “between this being really useful, and it being creepy.”

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The Fed chairman said the central bank intends to be “forceful .”‰.”‰. in supporting a sustainable recovery.” With Europe’s financial crisis and the United States’ looming budget cuts and tax hikes posing major risks for the recovery, he said, economic growth is “far from satisfactory,” and he pledged the Fed will take additional steps to help the economy as needed.

As is common of Fed pronouncements, Bernanke hinted but offered no certainty of action to come. Still, the urgent tone of his remarks will leave investors disappointed if the Fed does not launch new stimulus at its Sept. 12-13 policymaking meeting. Investors seemed hopeful, with stocks trending up by about 1 percent in the early afternoon.

“We must not lose sight of the daunting economic challenges that confront our nation,” Bernanke said. “The stagnation of the labor market in particular is a grave concern, not only because of the enormous suffering and waste of human talent it entails, but also because persistently high levels of unemployment will wreak structural damage on our economy that could last for many years.”

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More big U.S. companies are reincorporating abroad despite a 2004 federal law that sought to curb the practice. One big reason: Taxes.

Companies cite various reasons for moving, including expanding their operations and their geographic reach. But tax bills remain a primary concern. A few cite worries that U.S. taxes will rise in the future, especially if Washington revamps the tax code next year to shrink the federal budget deficit.

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A society that does not nurture respect the human person””beginning with the child in the womb, and including the mentally and physically impaired and the frail elderly””will sooner or later (probably sooner, rather than later) come to regard human beings as mere cogs in the larger social wheel whose dignity and well-being may legitimately be sacrificed for the sake of the collectivity…

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Driven by increased demand from developed regions for high-end models, along with an unexpectedly strong push from emerging economies for lower-cost products, smartphones are expected to rise to account for the majority of global cellphone shipments in 2013””two years earlier than previously predicted.

Smartphone shipments in 2013 are forecast to account for 54 percent of the total cellphone market, up from 46 percent in 2012 and 35 percent in 2011, according to an IHS iSuppli Wireless Communications Market Tracker Report from information and analytics provider IHS (NYSE: IHS). The year 2013 will mark the first time that smartphones will make up more than half of all cellphone shipments.

“This represents a major upgrade for the outlook compared to a year ago, when smartphones weren’t expected to take the lead until 2015,” said Wayne Lam, senior analyst for wireless communications at IHS. “Over the past 12 months, smartphones have fallen in price, and a wider variety of models have become available, spurring sales of both low-end smartphones in regions like Asia-Pacific, as well as midrange to high-end phones in the United States and Europe. The solid expansion in both shipments and market share this year of smartphones will make them the leading type of mobile phone for the first time, and shipment growth in the double digits will continue for the next few years.”

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In June, it seemed as if any day might bring about the collapse of the Greek economy and with it, the entire euro zone and its decade-old currency. Then in July and August, it seemed as if everyone was on vacation. Now they’re back ”” finance officials and political leaders have been flying all over Europe to meet with one another ”” and along with them the crisis that has been raging for the last two years. Here is a guide to the new season’s most intriguing (and terrifying) [seven] story lines….

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The last 12 months has seen a significant development in the Anglican Communion. National Anglican Churches (Provinces is the technical term) have begun to hold significant large gatherings of all Anglicans in their area along with international guests from other parts of the Communion.

This is part of the “celebration” level of church gatherings which can be classed as “cell” ”“ or home groups, “congregation” ”“ what most of us experience on Sundays and “celebration” ”“ everyone getting together in an area or region. Churches in Oxford have done this for the last seven years with “Love Oxford” when many churches shut their doors on one Sunday and all meet together in a central outdoor location. English dioceses have occasionally done this by taking over a football stadium. Gatherings such as Word Alive, Bible by the Beach, Spring Harvest, New Wine and Keswick are also such celebrations….

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One of the latest contributions to the debate over the pros and cons of the Internet and social networking sites is the book “Networked: The New Social Operation System.”
Authors Lee Rainie and Barry Wellman are respectively the director of the Pew Research Center’s Internet and American Life Project, and a professor of sociology at the University of Toronto.
Many people are concerned about the effects of the Internet on society, the authors acknowledged. In their opinion, however, it does not have an isolating effect. People are interacting with others, by using these new technologies.

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[A]…bleak view of the future is misdirected. First of all, solid theological education, steeped in the classical disciplines, has a long history; so does low-quality religious education by unaccountable schools offering credentials to the lazy and unqualified. Churches and future ministers know the difference. The technological revolution may empower dumbed-down schools, but no more so than the dubious correspondence programs of the past.

And not all online ministerial education will be suspect””just as first-rate universities like Stanford and Harvard are exploring ways to offer classes online to a wider audience, so too will solid seminaries. Churches and future ministers will know the difference there as well. I suspect that the next generation will find what the seminary I serve has seen: online programs supplementing rather than supplanting the life-on-life classical theological education.

More important, the sorts of questions raised by student debt and ministerial career instability may help reattach ministerial education to its real-world moorings: education with churches in mind, not just theology. In order to train ministers, Protestant communities must abandon the current system in which future pastors discern, almost in isolation, a call from God and then seek out training ad hoc.

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It may well be that American birthrates have been more impacted than Europe’s by the recent recession due to the relative weakness of the country’s social safety net. Finnish demographer Anna Rotkirch has pointed out that Europeans have tried to mitigate the impact of recession through generous transfer payments to young families. This may account as well for the fact that France’s birthrate last year surpassed that of the United States.

But without strong economic growth, it seems likely that family formation and birthrates will continue downward everywhere, particularly as economic realities force reductions in state aid. A mindlessly ever-expanding welfare state, trying to enlist more clients, even tiny ones, will diminish private sector growth and usher in even more quickly the onset of “demographic winter.” A lethal demographic cocktail of high taxes, low growth and fewer babies could set the stage for an even greater financial crisis in the decades ahead.

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Consider the facts. In the past forty years there has been an explosion of leadership programmes, courses, institutes and studies….At the same time, respect for leaders has fallen to an unprecedented low. In 2011 only 15 per cent of Americans expressed trust in the government to do what is right most of the time, down from almost 70 per cent in the 1960s. 77 per cent said they believed that the United States has a leadership crisis. Sharp declines in confidence can be traced, sector by sector, in leadership in politics, business, finance, the media, sports, education and faith-based organisations. A mere 7 per cent of American corporate employees trust their employers to be both honest and competent.

Something large is happening, not just in America but throughout much of the world. Kellerman traces it to three factors. First is the long, historic march to toward ever-greater democracy. Second is the collapse of traditional authority structures within the family that took place in the West in the 1960s, sending ripples throughout society in the form of “the death of deference.” Third is the impact of instantaneous global communication and social networking that has led to the Arab Spring, the Occupy Wall Street movement, Wikileaks and other assaults on the citadels of power. In the hyper-democracy of cyberspace, everyone has a voice, all the time.

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Simple and to the point–watch it all.

The other day I was visiting another parish and they used the liturgy of the Anglican Church of Kenya, and it made me think of posting this resource. Check it out.

The Bishop of Chelmsford the Rt Revd Stephen Cottrell has praised the vital legacy of the London Games saying in his own diocese – home to the Olympic Park and Village – and beyond, the Games are having an important impact on community life.

Commenting on the last day of the Olympics and looking forward to the Paralympics Bishop Stephen said that along with regeneration he believed the games could bring a further change – a legacy of good will….

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California added jobs faster than the rest of the nation over the past year. Tech firms are showering riches on Silicon Valley, and home prices are soaring in places like Palo Alto. The Golden State is rebounding, but for a broad swath of residents, it is a lot less golden and is likely to stay that way.

Even in Silicon Valley, many aren’t joining the revival. Tech companies are thriving, but only after shifting much work elsewhere. Internet-software experts are in demand; middle-aged semiconductor executives aren’t.

Among the thriving are people like Pete Curley, who, in six years in Silicon Valley, has twice sold social-networking applications for healthy sums. The recently married 27-year-old is considering buying a home in the region’s pricey market. By contrast, Pat Fasang, who says that he is older than 50, was laid off from a six-figure marketing post at a semiconductor firm last year and says that the Internet firms hiring today have no interest in him. In more than 20 years in Silicon Valley, he has never been out of work this long. “I’m beginning to feel hungry,” he says.

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….rather than scour tarnished Weimar, we should read much deeper into Germany’s incomparably rich history, and in particular the indelible mark left by Martin Luther and the “mighty fortress” he built with his strain of Protestantism. Even today Germany, though religiously diverse and politically secular, defines itself and its mission through the writings and actions of the 16th century reformer, who left a succinct definition of Lutheran society in his treatise “The Freedom of a Christian,” which he summarized in two sentences: “A Christian is a perfectly free Lord of all, subject to none, and a Christian is a perfectly dutiful servant of all.”

Consider Luther’s view on charity and the poor. He made the care of the poor an organized, civic obligation by proposing that a common chest be put in every German town; rather than skimp along with the traditional practice of almsgiving to the needy and deserving native poor, Luther proposed that they receive grants, or loans, from the chest. Each recipient would pledge to repay the borrowed amount after a timely recovery and return to self-sufficiency, thereby taking responsibility for both his neighbors and himself. This was love of one’s neighbor through shared civic responsibility, what the Lutherans still call “faith begetting charity.”

How little has changed in 500 years. The German chancellor, Angela Merkel, a born-and-baptized daughter of an East German Lutheran pastor, clearly believes the age-old moral virtues and remedies are the best medicine for the euro crisis.

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Like their owners, cars have been piling on the pounds in recent decades. When the Volkswagen Golf was launched in 1974 it weighed 0.75 tonnes and was 3.8 metres long. By 2008, when the mark six Golf was launched, its weight had soared by more than 50% and it had stretched by 38cm. Apart from making their cars roomier, motor manufacturers have added all sorts of gadgets and safety devices and each of these has meant a gain in weight. Finally, however, the pressure from regulators to make cars more fuel efficient, and the rising cost of materials are combining to make carmakers slim down their models.

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In Greece, which is in its fifth year of recession, such suicides have sparked violent clashes between police and those opposing austerity who have held the victims up as martyrs. In Italy, widows of businessmen who have committed suicide ”” such as builder Giuseppe Campaniello, who set himself on fire outside a government tax office in Bologna on March 28 after his company collapsed ”” have held demonstrations. And in Ireland, where citizens are jumping off quays in Dublin, Cork and Limerick in alarming numbers, the mobile telephone company Vodaphone volunteered to give up the stadium advertising space it bought at soccer and hurling games for a suicide prevention campaign.

So many people have been killing themselves and leaving behind notes citing financial hardship that European media outlets have a special name for them: “economic suicides.” Surveys are also showing increasing signs of mental stress: a jump in the use of antidepressants and illicit drugs, a rise in depression and anxiety among workers worried about salary cuts or being laid off, and an increase in the use of sick leave due to psychological problems.

“People are more and more uncertain about their future, which is leading to a sharp rise in mental health problems,” said Maria Nyman, director of Brussels-based Mental Health Europe, a multinational coalition of mental health organizations and educational institutions.

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