His influence was simply titanic. I will always think of him as a Christian statesman and as a preacher above all–KSH.

A good picture may be found there.

Everywhere, advanced nations face similar problems: overcommitted welfare states, aging populations, flagging economic expansion. These conditions define the global crisis and explain why it’s struck the United States, Europe and Japan simultaneously. We need to move beyond daily headlines to understand this larger predicament.

The old order, constructed by most democracies after World War II, rested on three pillars. One was the welfare state. Government would protect the unemployed, aged, disabled and poor. Capitalism would be tamed. A second was faith in economic growth; this would raise everyone’s living standards while permitting income redistribution. Growth was ordained, because economists had learned enough from the 1930s to cure periodic recessions. Finally, global trade and finance served countries’ mutual interests.

All three pillars are wobbling….

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It may come as a surprise to many Christians that Muslims are generally open to studying the life of Jesus as a model for leadership because they revere him as a prophet.

But now that I’m no longer obsessed with converting people to Christianity, I’ve found that talking about Jesus is much easier and far more compelling.

I believe that doctrine is important, but it’s not more important than following Jesus.

Jesus met people where they were. Instead of trying to figure out who’s “in” and who’s “out,” why don’t we simply invite people to follow Jesus ”” and let Jesus run his kingdom?

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China has moved to shut down several fake Apple stores found in Kunming city.

Three of the elaborate fake stores, which mimicked the look of the real thing, came to the world’s attention after being exposed on a blog.

Following the publicity, trade officials investigated and found five stores in Kunming posing as official Apple retail outlets.

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House and Senate negotiators have not reached a deal that would lift the nation’s debt ceiling just hours before markets in Asia are set to open ”” a test of whether Washington political dysfunction is beginning to shake the global economy.

House Republicans are not able to reach a deal with Senate Democrats, said congressional sources, though staff-level negotiations are continuing.

And in a sign that talks with Republicans appear to be going sour, Senate Majority Leader Harry Reid (D-Nev.) began to draft his own legislation Sunday that would slash at least $2.5 trillion to match an extension of the nation’s borrowing limit through the 2012 election, leadership aides said.

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When China’s state-run Catholic Church ordained a new bishop for the Diocese of Shantou last Thursday (July 14) without the Vatican’s approval, it represented the latest step back from years of progress in a complex relationship.

Yet the main causes for the shift may have little to do with Rome, experts say, and instead lie in momentous geopolitical events in other regions of the globe, and deep social changes within China itself.

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Three years ago, the collapse of Lehman Brothers, the US investment bank, triggered a domino effect that had calamitous consequences for the world. No one knew how many institutions had lent money to Lehman, or how many might be pulled down with the bank. Fear spiralled through the financial markets and central banks worked overtime to prop dominoes up. The result was a painful recession.

This time, some of the dominoes are nations. Greek debt is about three times the size of that of Lehman Brothers. Around half of it is held by foreign investors, who will be hit if Greece defaults. Add in Spain and Italy, which represent about 28 per cent of eurozone GDP, and the numbers get scary. Add in a leadership vacuum, and investors start asking why they should keep lending to countries such as Italy that are troubled but still solvent…

That Europe has reached its Lehman moment is substantially the fault of its myopic and reckless power elite.

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Katerina Sokou, 37, a Greek financial journalist at Kathimerini, a daily newspaper, told me this story: A group of German members of the Bavarian Parliament came to Athens shortly after the economic crisis erupted here and met with some Greek politicians, academics, journalists and lawyers at a taverna to evaluate the Greek economy. Sokou said her impression was that the Germans were trying to figure out whether they should be lending money to Greece for a bailout. It was like one nation interviewing another for a loan. “They were not here as tourists; we were giving data on how many hours we work,” recalled Sokou. “It really felt like we had to persuade them about our values.”

Sokou’s observation reminded me of a point made to me by Dov Seidman, the author of the book “How” and the C.E.O. of LRN, which helps companies build ethical business cultures. The globalization of markets and people has intensified to a new degree in the last five years, with the emergence of social networking, Skype, derivatives, fast wireless connectivity, cheap smartphones and cloud computing. “When the world is bound together this tightly,” argued Seidman, “everyone’s values and behavior matter more than ever, because they impact so many more people than ever. …We’ve gone from connected to interconnected to ethically interdependent.”

As it becomes harder to shield yourself from the other guy’s irresponsible behavior, added Seidman, both he and you had better behave more responsibly ”” or you both will suffer the consequences, whether you did anything wrong or not. This is doubly true when two different countries share the same currency but not the same government….

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International soccer authorities and law enforcement officials are struggling to combat rampant game fixing by what they describe as sprawling networks of organized crime, a problem that has plagued the sport for decades but appears to have intensified recently.

Game-fixing scandals are engulfing men’s professional leagues around the world, from Turkey, whose top officials are meeting this week to determine whether the coming season will have to be delayed pending an investigation, to South Korea, where dozens of players have been indicted over the past several weeks. Authorities attribute the apparent burst of fixing cases to sophisticated criminal operations based in Singapore, Malaysia and elsewhere in Southeast Asia.

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Your grocery bill isn’t catching much of a break this summer.

The Consumer Price Index for food at home ticked up 0.2 percent from May to June. Although the rise was the smallest of the year, the food-at-home index has jumped 4.7 percent over the past 12 months.

Friday’s report from the Bureau of Labor Statistics was a mixed bag. Prices for meat, poultry, fish, eggs, fruit and vegetables fell slightly from May to June. But other major food groups, including cereal and dairy products, continued to inch up.

Read it all from the front page of the local paper.

[BOB] ABERNETHY: But the common good. This idea of the common good, very important in religious and ethics. How do you define it? And who says what the common good is?

[JIM] WALLIS: Well, this week we’ve organized 5,000 pastors to say let’s look at the real people in our congregations and our communities, what’s going to happen to them as opposed to the Washington, D.C. question, who’s up who’s down, who’s going to be the Speaker of the House next time, who’ll win the next election. The common good is about the real people, the people we have to always take into account. And pastors, I think, I wanted to talk to people whose job it is to have re-read the Bible. To get to, to focus on who the real people are here.

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This week the shortcomings of this muddling-through were laid bare… Financial markets turned on Italy, the euro zone’s third-biggest economy, with alarming speed. Yields on ten-year Italian bonds jumped by almost a percentage point in two trading days: on July 12th they breached 6%, their highest since the euro was created. The Milan stockmarket slumped to its lowest in two years. Though bond yields subsequently fell back, the debt crisis has clearly entered a new phase. No longer confined to the small peripheral economies of Greece, Ireland and Portugal, it has hurdled over Spain, supposedly next in line, and reached one of the euro zone’s giants. All its members, but especially Germany, face a stark choice.

Consider the stakes. Italy has the biggest sovereign-debt market in Europe and the third-biggest in the world. It has €1.9 trillion ($2.6 trillion) of sovereign debt outstanding, 120% of its GDP, three times as much as Greece, Ireland and Portugal combined””and far more than the €250 billion or so left in the European Financial Stability Facility (EFSF), the currency club’s rescue kitty. Default would have calamitous consequences for the euro and the world economy. Even if the more likely immediate prospect is sustained stress in the Italian bond market, that will surely prompt investors to flee European assets, making the continent’s recovery ever harder. Meanwhile in the background there is the absurd pantomime of Barack Obama and congressional Republicans feuding over how to raise the federal government’s debt ceiling to stave off an American “default”…. That may have distracted American investors briefly; once they realise how much is at stake in Italy, it will not help.

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If we continue as now seems likely, a crunch is coming ”“ in fact three crunches ”“ our global footprint greatly exceeding what the Earth can support, climate destabilisation becoming severe, and fresh water becoming insufficient to feed the Earth’s large population. These crunches will not, by themselves, destroy humanity but they will cause a Darwinian situation; when the going gets tough there will be survival of the fittest. By mid-century, the Earth could be like a lifeboat that’s too small to save everyone.

To be politically correct, organisations don’t use the term ”˜Darwinian’ or talk about ”˜survival of the fittest’, but I am increasingly finding that at elite dinner parties there is already discussion of who the survivors will be. China has enormous fighting spirit and will soon be the world’s largest economy. In 2030 it will have 1.4 billion people. The average footprint of a Chinese person is a small fraction of an average American. The Chinese government does more detailed future planning than perhaps any other government and is determined that China will be one of the survivors. China has been buying the steel and resources it will need in the future. To the largest extent possible it has already cornered the market in rare Earth metals needed for high technology.

The USA combined with Canada will be a survivor, because it is economically powerful and resourceful, and with Canada it has a large amount of land, much of which will benefit from global warming ”“ the breadbasket of the future. Europe, in my mind, is a question mark. Japan will struggle….

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DJN: *DJ S&P: At Least 50% Chance Of Lowering US L/T Rtg Within 90 Days

*DJ S&P: US S/T Rtg Watch Reflects View Of Significant Uncertainty Of US Creditworthiness

Ugh.

The U.S., rated Aaa since 1917, was put on review for the first time since 1995 on concern the debt limit will not be raised in time to prevent a missed payment of interest or principal on outstanding bonds and notes even though the risk remains low, Moody’s said. The rating would likely be reduced to the Aa range and there is no assurance that Moody’s would return its top rating even if a default is quickly cured.

“It certainly underscores the importance of passing the debt ceiling and not putting us in default status, and making sure there’s a longer term fiscal plan to contain spending and the deficit we’ve been running up over the last few years,” said Anthony Cronin, a Treasury bond trader at Societe General SA in New York, one of the 20 primary dealers that trade with the Federal Reserve. “Maybe it’s the impetus to say we’ll need more of a concession.”

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…what is most striking when you talk to employers today is how many of them have used the pressure of the recession to become even more productive by deploying more automation technologies, software, outsourcing, robotics ”” anything they can use to make better products with reduced head count and health care and pension liabilities. That is not going to change. And while many of them are hiring, they are increasingly picky. They are all looking for the same kind of people ”” people who not only have the critical thinking skills to do the value-adding jobs that technology can’t, but also people who can invent, adapt and reinvent their jobs every day, in a market that changes faster than ever.

Today’s college grads need to be aware that the rising trend in Silicon Valley is to evaluate employees every quarter, not annually. Because the merger of globalization and the I.T. revolution means new products are being phased in and out so fast that companies cannot afford to wait until the end of the year to figure out whether a team leader is doing a good job.

Whatever you may be thinking when you apply for a job today, you can be sure the employer is asking this: Can this person add value every hour, every day ”” more than a worker in India, a robot or a computer?

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Online Education has created this hand-drawn infographic below to illustrate the state of our current educational system and how it compares to the rest of the world. Brace yourself — some of these rankings may come as a shock.

Read it all (Hat tip: Minyanville).

While life expectancy in the US continues to improve, says the report by researchers at University of Washington in Seattle and Imperial College, London, it is not increasing as quickly as in other Western countries, so the gap is widening.

“The researchers suggest that the relatively low life expectancies in the US cannot be explained by the size of the nation, racial diversity, or economics,” says the document, which ranks the US 38th in the world for life expectancy overall.

“Instead, the authors point to high rates of obesity, tobacco use and other preventable risk factors for an early death as the leading drivers of the gap between the US and other nations.”

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In Saudi Arabia and Indonesia, more than 90 per cent thought that religion provided the common values necessary to allow society to thrive. In the UK, however, just 29 per cent thought that. Sweden scored the lowest, at just 19 per cent.

Asked about the prospect of religious or ethnic conflict breaking out in their own country, many respondents were very worried. In Turkey, South Africa, and Hungary, re­spond­ents thought that there was more than a 70-per-cent chance that conflict would hap­pen. In the UK, respondents rated the chance of conflict at 43 per cent.

When asked about whether their own religion was the only true path to salvation, results were mixed, dependent on country and faith. In Saudi Arabia, 75 per cent agreed with this; in the UK, however, just nine per cent agreed with the statement.

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Sarah Kristin Dreier began July 5 in her new role as the legislative representative for international issues for both the Episcopal Church and the Evangelical Lutheran Church in America in an effort by both denominations to share resources.

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Here is the world in 2050, as imagined by the U.S. Census Bureau: India will be the most populous nation, surpassing China sometime around 2025. The U.S. will remain exactly where it is now: in third place, with a population of 423 million (up from 308 million in 2010). And declining birth rates in two of the world’s most economically and politically influential countries, Japan and Russia, will cause them to fall from their current positions as the 9th and 10th most populous nations, respectively, to 16th and 17th.

The findings are the result of population estimates and projections of 228 countries compiled by the Census Bureau’s International Data Base (IDB). They offer a revealing look into the future.

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… the geopolitics are favorable and the ideological climate is warming. But on a still-deeper level this is shaping up to be an even more American century than the last. The global game is moving towards America’s home court.

The great trend of this century is the accelerating and deepening wave of change sweeping through every element of human life. Each year sees more scientists with better funding, better instruments and faster, smarter computers probing deeper and seeing further into the mysteries of the physical world. Each year more entrepreneurs are seeking to convert those discoveries and insights into ways to produce new things, or to make old things better and more cheaply. Each year the world’s financial markets are more eager and better prepared to fund new startups, underwrite new investments, and otherwise help entrepreneurs and firms deploy new knowledge and insight more rapidly….This challenge will not go away….

Everybody is going to feel the stress, but the United States of America is better placed to surf this transformation than any other country. Change is our home field. It is who we are and what we do. Brazil may be the country of the future, but America is its hometown.

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MARK SHIELDS: On revenue.

The reality is this, that every single group, whether it’s Simpson-Bowles, whether it’s Alice Rivlin and Pete Domenici, whoever it is — semi-serious, we probably should have said — yes, there have to be budget cuts to deal with the deficit problem and the debt, but there have to be revenue increases.

It’s become a dogma with Republicans now that anybody who votes for a tax increase is no longer a member of the club or the party….

MICHAEL GERSON: I think — I think Democrats are being equally unreasonable on the issue of entitlements.

This is our long-term spending challenge. It’s not that we tax too little. It’s that we have expensive entitlement commitments, an aging population, and health care inflation that have made that portion of the budget completely unsustainable….

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The US dollar will lose its status as the global reserve currency over the next 25 years, according to a survey of central bank reserve managers who collectively control more than $8,000bn.

More than half the managers, who were polled by UBS, predicted that the dollar would be replaced by a portfolio of currencies within the next 25 years.

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The five-page code of conduct, which has been under negotiation since 2005, was unveiled at a Geneva news conference by the World Council of Churches (WCC), a senior Roman Catholic prelate and the World Evangelical Alliance (WEA).

It urges Christians wanting “to share the good news of God’s kingdom” — missionary work or simply publicly testifying to their faith — “to build relations of respect and trust with all religions” and adapt their approaches to local conditions.

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Benedict XVI is pushing Vatican communication to take “enormous steps,” according to the president of the Pontifical Council for Social Communications.

Archbishop Claudio Celli affirmed this today when he presented News.va, the Vatican’s new Web portal that will bring news from various Church sources to the same site.

Read it all and check the new website.

The International Criminal Court has issued an arrest warrant for Libyan leader Col Muammar Gaddafi, accusing him of crimes against humanity.

The court had grounds to believe he had ordered attacks on civilians during Libya’s four-month uprising, it said.

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[Rowan] Williams outlined several challenges churches will encounter this century and urged them to use new means of communication and social media to spread the gospel more effectively.

“There is virtually nowhere you can go in the world where you won’t see a mobile telephone. The church needs to learn how use these new means of communications more effectively for the sake of the gospel. If we have social media, they can also be media for communion,” he said.

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Investors are withdrawing cash from money market funds heavily exposed to short-term debt issued by European banks out of fear that a Greek default could spark contagion across the region’s financial sector.

At the same time there is increasing reluctance among US banks to lend to their European counterparts in the past two weeks because of growing worries over Greece, according to brokers and bank traders.

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(The above title is from the Ipad edition this morning–KSH).

What’s the emergency, you ask? The White House says that military operations in Libya have disrupted supply. But Libya’s oil has been shut in for months now, and oil prices are down from their highs this year. So on Thursday Obama administration spokesman Jay Carney argued that oil demand is likely to rise over the summer. In other words: It’s vacation season, and the White House is worried about high prices through the summer driving months.

Therein, perhaps, is a political emergency, at least in the White House view: President Obama’s reelection prospects will be harmed if national discontent over high gasoline prices continues….

Whatever the rationale, it is a bad idea.

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