Category : Economy

(Busines Week) Spain has a modern Day Robin Hood?

For 33 years, Sánchez Gordillo has been mayor of Marinaleda, pop. 2,700, another farming settlement about 100 miles west of Jódar. Like Jódar, Marinaleda is mostly inhabited by jornaleros. Over the decades, Sánchez Gordillo has transformed the poor village into an islet of social justice and relative prosperity, with almost full employment through communal farming, low taxes, a salary of €1,200 ($1,572), food and housing considered as rights, and “direct democracy” exercised through frequent general assemblies. Sánchez Gordillo and his townsmen launched their movement to build what he calls “a communist utopia” after the death of general and dictator Francisco Franco in 1975, occupying land owned by a member of the royal family and distributing it for communal ownership as well as taking over local airports.

His efforts in Marinaleda long ago earned him a regional following, but Sánchez Gordillo and his lieutenant, the 57-year-old Diego Cañamero, the SAT union’s national spokesman, have gained renown in recent months with a series of controversial protests against the austerity measures embraced by Prime Minister Mariano Rajoy and the Spanish government. On Aug. 7, the two led union members on raids on Carrefour (CA) and Mercadona supermarkets, leaving the stores with shopping carts full of “expropriated” food they gave away to the hungry poor.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Law & Legal Issues, Politics in General, Poverty, Spain, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

(Washington Post) CIA seeks to expand drone fleet, officials say

The CIA is urging the White House to approve a significant expansion of the agency’s fleet of armed drones, a move that would extend the spy service’s decade-long transformation into a paramilitary force, U.S. officials said.

The proposal by CIA Director David H. Petraeus would bolster the agency’s ability to sustain its campaigns of lethal strikes in Pakistan and Yemen and enable it, if directed, to shift aircraft to emerging al-Qaeda threats in North Africa or other trouble spots, officials said.

If approved, the CIA could add as many as 10 drones, the officials said, to an inventory that has ranged between 30 and 35 over the past few years.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Budget, Defense, National Security, Military, Economy, Foreign Relations, Politics in General, Science & Technology, Terrorism, The U.S. Government

French President Hollande Proposes Banning Homework

Talk about courting the youth vote. French President François Hollande has proposed banning homework as part of a series of policies designed to reform the French educational system.

“Education is priority,” Hollande said in a speech at Paris’s Sorbonne University. “An education program is, by definition, a societal program. Work should be done at school, rather than at home.”

The justification for this proposed ban? Inequality….

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Children, Economy, Education, Europe, France, Personal Finance, Politics in General

Religion and Ethics Newsweekly–Father Shay Cullen's remarkable ministry to sex trade victims

DE SAM LAZARO: Over the years, Father Cullens’s People’s Recovery, Empowerment and Development””or PREDA Foundation””has sheltered and rehabilitated thousands of young women rescued from the sex trade.

[FATHER SHAY] CULLEN: Many of the girls are underage and young and available. On these clubs and bars, this is only the outer, the more legitimate looking trafficking of human beings, no, but the trafficking of minors, younger girls is secret, and it operates on a different system. It’s all done by cell phone, without any direct contact between the supplier, the trafficker, and the customer. They have go-betweens.

DE SAM LAZARO: Their stories have common threads: physical or sexual abuse in childhood and families in various forms of dysfunction and separation. In all cases, abject poverty underlies their child labor and prostitution….

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Asia, Consumer/consumer spending, Economy, Ministry of the Ordained, Other Churches, Parish Ministry, Philippines, Roman Catholic, Sexuality, Urban/City Life and Issues

(WSJ) Spanish Voters Deliver a Mixed Message to Rajoy

An exit poll showed Mr. Rajoy’s conservative party winning 39 or 40 of the parliament’s 75 seats in his native Galicia, a gain of at least one seat over the Spanish Socialist Party and two smaller rivals. He had touted Galicia as a regional model for the economic-austerity program his government has pursued amid rising popular protest in the rest of Spain.

In the Basque Country, another exit poll showed a surprisingly strong second-place finish by a new radical separatist coalition, apparently enough to help a more-moderate nationalist party oust the ruling coalition between Mr. Rajoy’s party and the Spanish Socialist Workers Party.

The exit polls, taken by the regional government-owned television networks in Galicia and Basque Country, are widely regarded as reliable.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Consumer/consumer spending, Corporations/Corporate Life, Economy, Euro, Europe, European Central Bank, Politics in General, Spain, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

Some churches shorten services to give families, busy young people, a worship option

Struggling with shrinking attendance, some churches are shortening their traditional Sunday service, promising to get a generation with limited attention spans out the door in as little as 30 minutes.

These abbreviated ceremonies are aimed at luring back the enormous numbers of young people who avoid Sundays at church. With distractions such as the Internet and a weak connection to the faith of their childhoods, many are steering clear, to the dismay of religious leaders who desperately want them back.

“We are increasingly aware of the time pressures on families, and they have been telling us that the traditional service is too long,” said the Rev. Chip Stokes of St. Paul’s Episcopal Church in Delray Beach, Fla. “We recognize that things are changing, and we have to be more adaptive without losing our core.”

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Children, Consumer/consumer spending, Economy, Labor/Labor Unions/Labor Market, Liturgy, Music, Worship, Marriage & Family, Parish Ministry, Religion & Culture

Western Massachusetts Episcopal convention votes against casino gambling

A resolution from the convention, meeting at the Sheraton Springfield Monarch Place Hotel, reads, in part:

“Resolved, that we will undertake efforts to educate our members and our communities about the negative impact casinos will have …

“Resolved, that we will take action to minimize that negative impact, in particular by opposing a casino in Springfield because of the large number of our fellow citizens made especially vulnerable because of the effects of age, poverty, and addiction in the city; and we will be prepared to help those people who will suffer as a result of this legislation.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Economy, Episcopal Church (TEC), Ethics / Moral Theology, Gambling, TEC Diocesan Conventions/Diocesan Councils, Theology

(FT) Henny Sender–Bernanke’s faith in QE on shaky ground

Indeed, the impact of this latest round of unconventional monetary policy is already fading. Analysts at Morgan Stanley this week decided that returns in the high-yield market were no longer attractive in the face of deteriorating fundamentals. The stock market is struggling to make further headway, while yields on mortgage-backed securities have started to turn up after an initial drop. A drop in third-quarter capital expenditure suggests the Fed policy hasn’t been a catalyst for corporate investment at all.

One major reason for the lack of effectiveness of this latest round of quantitative easing may well be a growing concern with the “fiscal cliff”, automatic US tax rises and spending cuts due to kick in on January 1. Uncertainty over “cliff risk” ”“ and the prospects of a deal in Congress on deficit reduction ”“ seems to be offsetting any positive impact of Fed policies.

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Posted in * Economics, Politics, Budget, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Federal Reserve, House of Representatives, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Office of the President, Politics in General, Senate, Taxes, The Banking System/Sector, The National Deficit, The U.S. Government

Peggy Drexler–Infidelity: Research shows women may be cheating almost as much as men

…even though survey accuracy is difficult to achieve and experts are by no means unanimous, it would appear that women are, indeed, catching up. In my own work as a psychologist and in my social circle, I see more women not only having affairs but actively seeking them out. Their reasons are familiar: validation of their attractiveness, emotional connection, appreciation, ego””not to mention the thrill of a shiny new relationship, unburdened by the long slog through the realities of coupledom.

Researchers also point to other factors that might be leading women to stray more. One is what might be called “infidelity overload.” Scan the plots on any given week in television, and there seems to be more extramarital sex than marital sex. (Few spouses stay put in “Mad Men.”) With women portrayed as eager participants and aggressive instigators, there may be a feeling that infidelity has become more acceptable.

And then there is the opportunity factor””more travel, more late nights on the job and more interaction with men mean that the chances and temptations to stray have multiplied for the new generation of working women….

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Posted in * Culture-Watch, * Economics, Politics, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Marriage & Family, Psychology, Theology, Women

In Adelaide, Australia, Anglican parishes facing closure as they continue to battle debt

The Adelaide diocese of the Anglican Church must change radically as it faces the tough choice of closing at least a third of its parishes within the next five years.

This was the blunt message from Archbishop Jeffrey Driver to the church last night as he opened its senior decision-making forum, the diocesan synod.

Resources had been drained and the church had endured nine years of turmoil from dealing with the hurt caused by abuse perpetuated by its own ranks.

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Economics, Politics, * International News & Commentary, Anglican Church of Australia, Anglican Provinces, Australia / NZ, Economy, Parish Ministry, Stewardship, The Banking System/Sector

Newsweek magazine ends print edition to go online-only

Newsweek, the 80-year-old US current affairs magazine, is to become an online-only publication.

The last print edition will be on 31 December, reflecting the trend for newspapers and magazines to move online as traditional advertising declines.

Newsweek merged with the internet news group the Daily Beast two years ago.

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Posted in * Culture-Watch, * Economics, Politics, Blogging & the Internet, Consumer/consumer spending, Corporations/Corporate Life, Economy, Media, Science & Technology

(Reuters) FBI arrests man for attempting to bomb New York Federal Reserve

The FBI on Wednesday arrested a Bangladeshi man in a sting operation on charges he attempted to blow up the New York Federal Reserve Bank with what he believed was a 1,000-pound (450-kg) bomb, federal authorities said.

Quazi Mohammad Rezwanul Ahsan Nafis, 21, faces charges of attempting to use a weapon of mass destruction and attempting to provide material support to al Qaeda, the U.S. Department of Justice said in a statement. If convicted, he faces life in prison.

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Posted in * Culture-Watch, * Economics, Politics, Defense, National Security, Military, Economy, Federal Reserve, Law & Legal Issues, Terrorism, The U.S. Government, Urban/City Life and Issues, Violence

Explore a Google data center with Street View

Watch it all and follow the link to get your own street tour access.

Posted in * Culture-Watch, * Economics, Politics, Blogging & the Internet, Corporations/Corporate Life, Economy, Science & Technology

(NPR) The Brain Of The Beast: Google Reveals The Computers Behind The Cloud

Behind the ephemeral “cloud” of cloud computing, the network we use for everything from checking our email to streamlining our health care system, there lies a very tangible and very big computer infrastructure.

But besides a glimpse at some of the hardware in 2009, there has been little information about Google’s data centers, the warehoused collections of servers that have given the company the foundation for its vast Internet operations.

Today, the company is throwing open the gates to the world ”” digitally, of course. It has released a site featuring photos of facilities from Belgium to Finland to Iowa and launched a guided Street View tour of one in Lenoir, N.C.

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Posted in * Culture-Watch, * Economics, Politics, Blogging & the Internet, Corporations/Corporate Life, Economy, Science & Technology

(Christian Century) Steve Thorngate–Defining the middle: The rhetoric and reality of class

An Episcopal priest who, with her husband, brings in about $65,000 a year tells Marketplace that they are lower middle class. A woman posting at dcurbanmom.com identifies her family as middle class, and their income is $100,000 a year. CNN talks to a man struggling to save for his son’s education who defines “middle class” as families with too much to qualify for federal Pell Grants””which is at most about $48,000 for a family of three. I was eligible for Pell Grants, and before that for subsidized school lunches, but I’ve always understood my family of origin to be middle class.

A majority of Americans consider themselves middle class, a recent Pew survey found, despite a wide variance in their earnings. So what does “middle class” mean if it applies to most of the country? And if we are all middle class now, what are the political and cultural implications?

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Budget, Economy, Globalization, Personal Finance, Politics in General, Psychology, Taxes, The National Deficit, The U.S. Government

Ray Ortlund–Is the Sabbath still relevant?

I wonder if the very concept of “the weekend” is biblical. It seems to me that “the weekend” turns Sunday into a second Saturday. Home Depot may gain, but we lose. It turns Sunday into a day to catch up on what we didn’t do Saturday or a day to ramp up for what’s ahead on Monday. It hollows out our whole week, because it marginalizes God and church and sermons and all the other vital things that happen in our lives only when we make the vital things also the central things. If we accept the concept of “the weekend,” we risk “fitting God in” rather than centering our every week around him. We risk living soul-exhausted lives, and wondering why God isn’t more real to us, why we’re grumpy

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Pastoral Theology, Religion & Culture, Theology, Theology: Scripture

(CNBC) Simpson, Bowles, Blankfein–US Nears Fiscal Disaster: 'Washington Doing Nothing'

From an interview with the authors of the Simpson-Bowles reform plan and Goldman Sachs CEO Lloyd Blankfein:

“…We just met with — a dozen of the largest high-tech company CEOs in the country. Not only are they hoarding cash. All their customers, all their suppliers are. They’re scared to death we’re going to go over this cliff and it could be a catastrophe….”

You can find a summary article to read there, it has briefer video links, but the best use of your time is to watch the full interview over here or read the transcript (about 42 1/2 minutes). Also, David Brook’s piece on the debt indulgence is worth a careful revisit.

Posted in * Economics, Politics, Budget, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Federal Reserve, House of Representatives, Medicare, Office of the President, Politics in General, Senate, Social Security, Taxes, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The National Deficit, The U.S. Government

Lord George Carey's Address at the Five Talents Conference

Like many things, Five Talents started in a very small way. It began its life at the Lambeth Conference in 1998 when Martin Mimms came to tell me about Five Talents. I was immediately smitten by the idea and made a donation towards. It has gone on to become a firmly established NGO in both the USA and UK ”“ with professional staff and committed supporters. And I do want to say how much I admire the leadership of Tom Sanderson whose vision and drive is behind the success of Five Talents.

The organisation has grown quickly ”“ raising several millions (c.£5m) in its lifetime to help support 15 Microfinance programmes around the world. I recall the setting up of the Mama Bahati project some years ago which an organization led by Brian Griffiths raised several thousands of pounds ”“ including donations from Tony Blair and Gordon Brown. This was taken over by Five Talents and it is thrilling to read from Five Talents on the Web that it is now serving 3,139 women in Tanzania.

But what is micro finance? The term ”˜micro-finance’ means providing very poor families with very small loans to help them engage in productive activities, or small businesses, to help them out of poverty. It is of no surprise to those of us who have visited Africa and India that it is women who have gained so much from this initiative. The former UN Secretary-General, Kofi Annan, described it as ’a critical anti-poverty tool for the poorest, especially women’. Indeed, women have emerged as credit worthy clients, offering reliable and conscientious commitment and, in turn, micro-finance initiatives have strengthened social and human capacity of women in the family and community. I read recently that the Grameen Bank in Bangladesh offers loans to 7,000 people, 97% of whom are women. Women are transforming their own life chances and are emerging from poverty as a result.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, Economy, Globalization, Personal Finance, Poverty, Women

(CS Monitor) Will US economy rebound in 2013? Forecasters say not much

No matter who gets elected president next month, the United States economy in 2013 will have only tepid growth.

Does that sound like this year all over again? Yes, indeed.

At least that’s the view of 44 professional economic forecasters, members of the National Association of Business Economics, who on Monday released their outlook for the coming year.

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

Canadian Household debt surpasses levels foreshadowing U.S. housing bust

Canadian household debt has shot past the sky-high levels that foreshadowed the U.S. housing bust.

But it’s taken a statistical revisions by Statistics Canada to get there.

Canadians’ debt-to-income ratio reached 163.4 per cent in the second quarter, up from 161.7 per cent at the end of last year.

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Posted in * Economics, Politics, * International News & Commentary, Canada, Consumer/consumer spending, Economy, Housing/Real Estate Market, Personal Finance, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

(BBC) Eight ways China is changing your world

[China’s]…economy has gone from being rather smaller than Italy’s to the world’s second largest, and is now home to one million US$ millionaires. By the time the new generation of leaders hands over power to the next in 2022, China could be challenging the US for top spot.

This transformation has changed the way the world does business. Cheap Chinese labour has helped dampen prices in the West for everything from moccasins to mops to mobile phones. It is now the biggest investor in Africa, promising to shift the continent’s focus away from Europe and the US for the first time in two centuries. And China is now the biggest foreign holder of US government debt – a threatening stick, or a foolhardy bet?

The key question now is whether the new leaders can keep the economy growing at the same rate as in the past, and help the rest of the world recover. Most Western analysts expect it to slow from 10% a year to a still impressive 6-7%, but argue that deep reforms are needed if China is to become a rich rather than middle-income country.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Asia, China, Economy, Foreign Relations, Globalization, History, Politics in General

The Text from Occupy Faith Read During the St. Paul's Cathedral Worship Service

We do not wish to distress you Only to appeal to you.

Blessed are those who are persecuted because of righteousness, for theirs is the kingdom of heaven.

We stand here as Occupiers, as women, Queers, disabled, grandmas, young, old, as women of all faiths and none in solidarity with all other groups who are marginalised by economic injustice.

Even when times are good women, along with our children, are usually those who suffer the most. In times of economic crisis our inequality is amplified but we refuse to be victims.

Read it all.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Anglican Provinces, Church of England (CoE), Corporations/Corporate Life, Economy, Ethics / Moral Theology, Law & Legal Issues, Parish Ministry, Religion & Culture, Stock Market, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology, Urban/City Life and Issues

Occupy London protesters free themselves from St Paul's Cathedral pulpit

Four women who chained themselves to the pulpit of St Paul’s cathedral cut through the bolts after six hours on the advice of police, avoiding arrest…

he women wrapped chains around their waists after a prayer that Church officials had invited them to give. One, Josie Reid, chained herself to her wheelchair.

The action came on the anniversary of the Occupy protest last year when protesters took over the square outside.

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Anglican Provinces, Church of England (CoE), Corporations/Corporate Life, Economy, Ethics / Moral Theology, Law & Legal Issues, Parish Ministry, Religion & Culture, Stock Market, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology, Urban/City Life and Issues

TEC Diocese of Pittsburgh Settles with Shepherd's Heart Fellowship

(Please note you may find more about this ministry here and there–KSH).

The agreement builds on a long-standing support of the Shepherd’s Heart ministry by many parishes of the Episcopal Diocese, who, along with individual parishioners, regularly donate, prepare and serve meals to the Shepherd’s Heart congregation. This has continued in spite of differences over whether Shepherd’s Heart Fellowship validly withdrew from the Episcopal Church in October 2008 and is now part of the Anglican Church in North America. The agreement sets this issue aside in favor of mutually serving the homeless, the poor, and the addicted. Both parties recognize the new relationship between the Episcopal Diocese and Shepherd’s Heart Fellowship is not of an ecclesiastical nature, such as would normally exist between a diocese and a parish, but one of cooperation and collaboration in a specialized ministry. Because of this unique use of the Shepherd’s Heart property, the parties have agreed that this agreement should not be interpreted as a model for resolving other property disputes.

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Anglican Church in North America (ACNA), Defense, National Security, Military, Economy, Episcopal Church (TEC), Housing/Real Estate Market, Law & Legal Issues, Parish Ministry, Poverty, TEC Conflicts, TEC Conflicts: Pittsburgh, Urban/City Life and Issues

(Living Church) New US Postal Stamp, unveiled at National Cathedral, Depicts Flight into Egypt

The United States Postal Service chose Washington National Cathedral’s Bethlehem Chapel to issue its Holy Family Forever stamp on Oct. 10. The stamp depicts the Holy Family’s flight into Egypt after Christ’s birth. The family appears in silhouette against a deep orange sky with the brightly shining Christmas star ahead of them. Joseph leads a donkey on which Mary and the infant Jesus ride.

The contemporary artwork on the stamp, now available nationwide, is a departure from some of previous Christmas stamps featuring traditional artwork of Mary and Jesus. Indeed, the 1980 USPS Christmas stamp showed the Madonna and Child in Bethlehem Chapel’s Epiphany stained-glass window.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, Economy, Episcopal Church (TEC), Israel, Middle East, Religion & Culture, TEC Parishes, The U.S. Government

(BBC) Bishop of Chelmsford calls on Cadbury to 'relax' on the Color purple

A legal row between Cadbury and a small confectioner over the use of the colour purple on packaging was “demeaning”, a senior Essex church figure has said.

The Meaningful Chocolate Company redesigned its purple advent box after a warning from its lawyers.

The advice followed Cadbury’s victory in a dispute with rival Nestle over its rights to purple packaging….

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, Anglican Provinces, Church of England (CoE), CoE Bishops, Corporations/Corporate Life, Economy, England / UK, Law & Legal Issues, Religion & Culture

Facebook Fought SEC to Keep Mobile Risks Hidden Before IPO Crash

When Facebook Inc. (FB) filed its proposal Feb. 1 to go public, it touted the effectiveness of ads linked to customers’ friends, citing research from Nielsen, the audience-counting company.

arbara Jacobs, an assistant director for corporation finance at the U.S. Securities and Exchange Commission, was skeptical, as she and her staff vetted the filing to ensure Facebook had disclosed all material information to investors. The claim appeared to be drawn from marketing materials, not a Nielsen study, she wrote to Chief Financial Officer David Ebersman, 42.

She gave him an ultimatum: Produce the study and provide Nielsen’s consent for use of the data — or don’t use it, she wrote to Ebersman on Feb. 28. Facebook dropped the reference after initial resistance.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, --Social Networking, Blogging & the Internet, Corporations/Corporate Life, Economy, Law & Legal Issues, Politics in General, Stock Market, The Banking System/Sector, The U.S. Government

The Archbishop of York–A Jubilee Must Tackle Injustice Everywhere

Ten years ago I was part of a movement called Jubilee 2000 which changed the way people think about debt. It challenged a deeply held principle ”˜that debts must always be repaid’ by showing how, in the case of many debts owed by impoverished countries, the consequences of repayments was creating nearly unimaginable suffering.

We were not calling for an act of charity, but a realisation that the economy we had created was structured in a way which was deeply unfair, exaggerating inequality and poverty in many parts of the world. We didn’t want donations, but a change in the rules of engagement.

The change in values which the Jubilee movement effected, forced decision-makers to enact policies which went someway to redressing this injustice. $125 billion of debt was wiped out, government’s were able to start spending money in ways that benefited their people.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, Archbishop of York John Sentamu, Economy, Ethics / Moral Theology, Globalization, Theology

(CS Monitor) California's dueling tax hikes: 'Nightmare' ahead?

A potentially serious complication has arisen in California’s latest effort to avoid billions in spending cuts, which threaten the state’s education and welfare systems.

Gov. Jerry Brown’s Proposition 30 intends to forestall “draconian” budget cuts by temporarily raising taxes, including sales taxes and income taxes on the wealthy. The initiative could largely determine his legacy, as well as the state’s fiscal health for at least a decade. Moreover, if successful, Prop. 30 could begin to shift the national conversation on taxes after decades of extreme antitax sentiment across the country.

Polls show that a thin majority of state voters support Prop. 30. But that support could be undercut by another proposition that aims to raise taxes for public education. Molly Munger, the millionaire behind the rival initiative, has even suggested she might start airing comparison ads arguing why voters should vote for her proposition, not Governor Brown’s Prop. 30.

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Posted in * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Politics in General, State Government, Taxes, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

(CFO.com) Andrew Sawers–From Corporate Finance to the Archbishop of Canterbury?

As biblical orthodoxy puts it, you cannot serve both God and mammon. Twenty-five years ago, having chosen to serve God and study theology, Justin Welby gave up an 11-year finance career that had seen him rise to the ranks of group treasurer with a major U.K. company, Enterprise Oil. Ordained as a priest in 1992, he was appointed Bishop of Durham just last year.

He is now the current front-runner to be the next Archbishop of Canterbury: the most senior cleric in the Church of England….

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, Anglican Provinces, Archbishop of Canterbury, Church of England (CoE), CoE Bishops, Corporations/Corporate Life, Economy, Energy, Natural Resources, Religion & Culture