Category : Economy

(NYT front page) Climate Talks Bring Promises Slim on Detail

The international climate summit here has been billed by its chief organizer as the “last, best hope” to save the planet. But as the United Nations conference enters its second week and negotiators from 197 countries knuckle down to finalize a new agreement to tackle global warming, attendees were sharply divided over how much progress is being made.

There’s the optimistic view: Heads of state and titans of industry showed up in force last week with splashy new climate promises, a sign that momentum was building in the right direction.

“I believe what is happening here is far from business as usual,” said John Kerry, President Biden’s special envoy on climate change, who has been attending U.N. climate summits since 1992. “I have never counted as many initiatives and as much real money — real money — being put on the table….”

Then there’s the pessimistic view: All these gauzy promises mean little without concrete plans to follow through. And that’s still lacking. Or, as the Swedish activist Greta Thunberg put it, the conference has mostly consisted of “blah, blah, blah.”

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Posted in --Scotland, Anthropology, Corporations/Corporate Life, Ecology, Energy, Natural Resources, Ethics / Moral Theology, Politics in General, Science & Technology

([London] Times) A Chance for Christians to put their faith in wealth creation

Some Christians may think that the words “faith” and “wealth creation” are incompatible, but Matt Bird isn’t one of them. Last year the social entrepreneur called on Britain’s churches to start businesses and to encourage their parishioners to do the same. Now Bird, founder and chief executive of Nayba, the Christian charity, wants them to go a step further.

“A food parcel can sustain a person and their family for a few days, but a small business can sustain it indefinitely,” he said. “The Church often over-spiritualises and underplays practical answers to community needs. I believe that the ability to start a business is a God-given gift and that we should encourage the Church to do this as a way of serving the community.”

He wrote his column in The Times in January 2021 — headlined “It’s time for faith-driven entrepreneurs to emerge” — expecting to be “shot down in flames” for suggesting that the Church should get involved in profit-making. Instead, he has been inundated with inquiries from churches nationwide eager to help people to become entrepreneurs. He rapidly formulated his ideas into a book and a month later published The Spirit of Enterprise: Helping entrepreneurs transform neighbourhoods on Amazon.

Read it all (subscription required).

Posted in Anthropology, Corporations/Corporate Life, England / UK, Personal Finance, Religion & Culture

(WSJ) The Economic Rebound From Covid-19 Was Easy. Now Comes the Hard Part.

The global economy’s comeback from last year’s deep contraction is approaching a delicate juncture, as policy makers and executives grapple with the bumpy transition from the post-pandemic reopening to a more normalized pace of growth.

Central banks in the U.S. and elsewhere are trying to chart a path that will curb inflation but not choke off growth as they navigate the process of weaning economies off the extraordinary measures—including rock-bottom interest rates and enormous bond-buying programs—deployed to support their economies.

The surge in U.S. consumer demand over the past year—turbocharged by trillions in stimulus—has ricocheted outward and caused disruptions to global supply chains that are now worsening and may stretch through 2022, say executives. The resulting higher prices and the struggle to secure raw materials and labor are piling the pressure on some companies and weighing on major economies such as Germany.

Meanwhile, China is in the midst of an ambitious effort to reform its economy, including reining in household and corporate debt, particularly in the country’s housing market, clamping down on the technology sector and pursuing ambitious climate goals—factors that could slow growth there and globally.

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Posted in * Economics, Politics, Economy, Federal Reserve

(NYT) Trapped in a Pandemic Funk: Millions of Americans Can’t Shake a Gloomy Outlook

Mr. Biden came into office vowing to “build back better.” But voters said little was getting built as Democrats fight over multitrillion-dollar measures to strengthen the country’s social safety net and improve physical infrastructure. Normal life was not back, and might never be. And voters said so many things just felt worse.

It is not just the federal government they blame. Trash is piling up on city streets because of a dearth of garbage haulers. School bus services are being canceled and delayed for want of drivers. Americans who have been hurt economically by the pandemic are still struggling to get rental assistance and unemployment benefits, sometimes months after applying.

“Our political system — it’s almost completely a failure,” said Carla Haney, a 65-year-old swimming instructor who has yet to receive about 14 weeks of unemployment benefits from the State of Florida that she applied for in May 2020. “I don’t see it getting better at all.”

With the global supply chain gummed up, voters around the Phoenix metro area said they were paying the price in lost money and wasted time. A restaurant chef in Phoenix is once again struggling to buy paper plates and napkins. A plumbing supplier in Tempe is losing commissions because he cannot fill orders.

And at gas stations across the country, drivers cringe at paying an average of $3.40 a gallon — prices that have risen by more than $1 a gallon from a year ago.

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Posted in * Culture-Watch, * Economics, Politics, America/U.S.A., Anthropology, Economy, Health & Medicine, Politics in General, Psychology

(FT) Alphabet launches AI company to discover new drugs

Google owner Alphabet has launched an artificial intelligence company to discover new drugs.

UK-registered Isomorphic Labs will use technology from its sister company DeepMind “to accelerate drug discovery, and ultimately, find cures for some of humanity’s most devastating diseases,” said Demis Hassabis, the head of DeepMind, in a blog post. He added that he would also become the chief executive of Isomorphic Labs.

Scientists around the world were awed in July when DeepMind unveiled how its AlphaFold2 technology could be used to predict the shape of every protein in the human body with almost perfect accuracy.

DeepMind’s model can solve one of the trickiest problems in biology by taking a sequence of amino acids and mapping the twists and turns of its shape. The algorithm could help replace or enhance painstaking laboratory work to identify the structures of proteins, which dictate how they behave.

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Posted in Corporations/Corporate Life, Drugs/Drug Addiction, Health & Medicine, Science & Technology

(C of E) Church Commissioners among leading financial institutions to commit to actively tackle deforestation

More than 30 leading financial institutions, representing over US$ 8.7 trillion in assets under management, including the Church Commissioners for England, have committed to tackle agricultural commodity-driven deforestation as part of broader efforts to drive the global shift towards sustainable production and nature-based solutions.

Ending deforestation and implementing natural climate solutions could provide a third of the solution to achieving the Paris climate target, help halt and reverse biodiversity loss, and support human rights and food security.

With most deforestation driven by unsustainable production practices for palm oil, soy, cattle products and pulp and paper, resulting in more carbon emissions annually than the EU, action on these commodities is particularly urgent, which is the focus of the commitment made today.

Today’s commitment – to use best efforts to eliminate agricultural commodity-driven tropical deforestation from portfolios by 2025 – is clear evidence of the increasing awareness of the systemic risks and associated actions needed to address deforestation related to production of these commodities and accelerate the transition to sustainable commodity production.

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Posted in Animals, Church of England (CoE), Corporations/Corporate Life, Ecology, Economy, Energy, Natural Resources, Ethics / Moral Theology, Science & Technology, Stewardship, Stock Market

The Church of England’s First Social Impact Investment to provide housing for vulnerable women

The Women in Safe Homes fund is a joint venture between fund managers Resonance and Patron Capital, working in partnership with specialist organisations to provide safe, stable and affordable homes for vulnerable women and their children who are homeless or at risk of homelessness. The fund aims to house 6,000 women over its lifetime.

The Social Impact Investment Programme, was established within The Archbishops’ Council earlier this year with £16 million of grant funding from the Church Commissioners for England. The programme exists to deploy social investment capital to advance the Church of England’s missional objectives and will support projects which share the Church of England’s Christian values and benefit society.

This first investment will support the purchase and refurbishment of properties which are then leased to women’s support organisations who in turn, let them at affordable rates to vulnerable women at risk of homelessness, whilst also providing them with individualised and specialist support. Many of these women will have been victims of domestic abuse or victims of exploitation or are leaving prison. Safe and stable accommodation is critical to helping them rebuild their lives. There are many Church of England and other faith-based organisations working with vulnerable women and this investment further supports their mission.

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Posted in Church of England (CoE), Housing/Real Estate Market, Women

(NYT) At Cop26 A pledge to end deforestation aims to protect ‘the lungs of our planet.’

In a sweeping accord aimed at protecting the world’s forests, which are crucial to absorbing carbon dioxide and slowing the rise in global warming, leaders of more than 100 countries gathered in Glasgow vowed on Tuesday to end deforestation by 2030.

President Biden said the United States would contribute billions to the global effort to protect the ecosystems that are vital for cleaning the air we breathe and the water we drink, and keeping the Earth’s climate in balance.

The pact — which includes countries like Brazil, Russia, China and the United States — encompasses about 85 percent of the world’s forests, officials said.

“These great teeming ecosystems — these cathedrals of nature,” Prime Minister Boris Johnson of Britain said in announcing the agreement, “are the lungs of our planet.”

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Posted in Corporations/Corporate Life, Ecology, Energy, Natural Resources, Ethics / Moral Theology, Politics in General, Stewardship

The Church of England launches consultation on plans to get to net zero carbon in just nine years as new Synod prepares to meet

The Church of England is to consult dioceses, cathedrals, national institutions, parishes, schools, and other interested parties on a proposed routemap to achieve net zero carbon by 2030, as papers are published for November’s inaugural meeting of a new General Synod.

The draft routemap, published among today’s General Synod papers, suggests how all parts of the Church of England can make changes together to achieve the ambitious target set by General Synod in 2020 to be net zero carbon 20 years ahead of the Government’s targets.

It includes recommendations for building maintenance, heating and the availability of specialist advice for each setting alongside how the central Church and dioceses can offer support.

The newly elected Synod will be formally inaugurated on Tuesday November 16 at the start of a two-day meeting.

Items on the agenda include a debate on the wealth gap in the UK and discussions about Church matters including the recent review of governance and the development of a new vision and strategy for the Church of England in the 2020s and beyond.

That includes an ambitious goal to double the number of children and young people in churches.

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Posted in Church of England (CoE), Corporations/Corporate Life, Ecology, Energy, Natural Resources, Ethics / Moral Theology, Parish Ministry, Religion & Culture, Science & Technology, Stewardship

(FT) Grade I to net zero: can historic houses be made energy efficient?

Lymm Hall is an Elizabethan manor house built in 1603. It is Grade II* listed, making it among England’s most protected properties and creating a problem for its owner Kit Knowles, who is attempting to bring the hall up to modern standards of energy efficiency.

“We have an incredibly effective guide for creating high-performance buildings. But there are a lot of issues with applying that to historic buildings,” says Knowles, who runs Ecospheric, which works on pioneering sustainable development projects. Lymm Hall is a test bed for the company’s work to retrofit historic properties and, ultimately, will be a home for Knowles and his family too.

The house, in Cheshire, has some very particular issues: “It has a cockfighting pit, a moat and an icehouse, each protected in their own right,” Knowles says.

While some of the challenges at Lymm Hall are unique, the problem of how to make old buildings more energy efficient and end their reliance on polluting heating systems cascades through the UK’s property market. And it is a problem that must be solved if the UK is to meet its goal of achieving net zero greenhouse gas emissions by 2050.

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Posted in Ecology, Energy, Natural Resources, History, Housing/Real Estate Market, Science & Technology

Church Commissioners for England voice the need for a Just Transition ahead of COP26

Since becoming founding members of the Financing a Just Transition Alliance in 2020, the Church Commissioners for England and Church of England Pensions Board have been active in identifying concrete steps that the financial sector can take to ensure that no-one is left behind as part of the transition to a low carbon economy.

This engagement with high carbon emitting investee companies has focussed on the issue of a Just Transition, ensuring that workers and communities are not left behind and are appropriately supported in the low-carbon transition.

Each company was actively considering how to address and achieve a Just Transition. However, their approaches varied greatly depending on factors such as location, developed versus emerging market, relationship with unions, governance, company size, status as local or international company, and ability to transfer and reskill employees within their own operations. For example, one company that the Commissioners is engaging with is training the operators of coal-fired facilities in a developing country to work in the fishing industry.

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Posted in Church of England (CoE), Corporations/Corporate Life, Ecology, Economy, Energy, Natural Resources, Ethics / Moral Theology, Religion & Culture, Science & Technology, Stock Market

(NYT) Rising Prices, Once Seen as Temporary, Threaten Biden’s Agenda

At least once a week, a team of President Biden’s top advisers meet on Zoom to address the nation’s supply chain crisis. They discuss ways to relieve backlogs at America’s ports, ramp up semiconductor production for struggling automakers and swell the ranks of truck drivers.

The conversations are aimed at one goal: taming accelerating price increases that are hurting the economic recovery, unsettling American consumers and denting Mr. Biden’s popularity.

An inflation surge is presenting a fresh challenge for Mr. Biden, who for months insisted that rising prices were a temporary hangover from the pandemic recession and would quickly recede. Instead, the president and his aides are now bracing for high inflation to persist into next year, with Americans continuing to see faster — and sustained — increases in prices for food, gasoline and other consumer goods than at any point this century.

That reality has complicated Mr. Biden’s push for sweeping legislation to boost workers, expand access to education and fight poverty and climate change. And it is dragging on the president’s approval ratings, which could threaten Democrats’ already tenuous hold on Congress in the 2022 midterm elections.

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Posted in America/U.S.A., Corporations/Corporate Life, Economy, Politics in General, President Joe Biden

The National Intelligence Estimate on Climate Change presents its Perspective heading into COP26

Key Judgment 1: Geopolitical tensions are likely to grow as countries increasingly argue about how to accelerate the reductions in net greenhouse gas emissions that will be needed to meet the Paris Agreement goals. Debate will center on who bears more responsibility to act and to pay—and how quickly—and countries will compete to control resources and dominate new technologies needed for the clean energy transition. Most countries will face difficult economic choices and probably will count on technological breakthroughs to rapidly reduce their net emissions later. China and India will play critical roles in determining the trajectory of temperature rise.

Key Judgment 2: The increasing physical effects of climate change are likely to exacerbate cross-border geopolitical flash-points as states take steps to secure their interests. The reduction in sea ice already is amplifying strategic competition in the Arctic over access to its natural resources. Elsewhere, as temperatures rise and more extreme effects manifest, there is a growing risk of conflict over water and migration, particularly after 2030, and an increasing chance that countries will unilaterally test and deploy large-scale solar geo-engineering—creating a new area of disputes.

Key Judgment 3: Scientific forecasts indicate that intensifying physical effects of climate change out to 2040 and beyond will be most acutely felt in developing countries, which we assess are also the least able to adapt to such changes. These physical effects will increase the potential for instability and possibly internal conflict in these countries, in some cases creating additional demands on US diplomatic, economic, humanitarian, and military resources. Despite geographic and financial resource advantages, the United States and partners face costly challenges that will become more difficult to manage without concerted effort to reduce emissions and cap warming.

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Posted in * Economics, Politics, Anthropology, Ecology, Economy, Energy, Natural Resources, Ethics / Moral Theology, Foreign Relations, Globalization, Politics in General, Science & Technology

(Bloomberg) Winter Crisis Raises Prospect of Energy Blockades in Europe

Europe’s heading into winter facing an unprecedented energy squeeze, and politicians are trying to figure out how to stop their citizens freezing.

If the shortages worsen, European governments could resort to curbing sales of natural gas and power to other regions. An even more extreme scenario could see them halt flows to one another, triggering a political and economic crisis.

“If it gets very cold, even within Europe you will see countries say: ‘I have the gas inside my borders and I am going to pass an urgent safety measure that no one can export for the next two weeks’,” said Marco Alvera, chief executive officer of Italian energy-infrastructure company Snam SpA. “I have been threatened in several countries over the last 20 years. Political priority is to keep your constituency.”

The European Union’s gas tanks are around 77% full. That is way below what’s normal for this time of year and leaves members especially vulnerable if the winter is severe.

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Posted in Economy, Energy, Natural Resources, Europe, Foreign Relations, Politics in General

(Washington Post front page) Covid’s Latest Wave Crushes Nurses Morale

“We’re tired — emotionally, physically, mentally tired,” she said. “We’re all showing up, day after day. In the beginning, nurses were heroes. Today, we’re almost an afterthought.”

In interviews, nurses across the country describe plummeting morale during the latest pandemic surge, marked by utter exhaustion and growing workloads. Some thought the availability of coronavirus vaccines would alleviate the burden on hospitals. Instead, emergency rooms were swamped this summer and early fall, often filled with the young and unvaccinated. The crisis has exacerbated staffing problems that existed before the pandemic, leaving nurses shouldering increasing responsibilities as covid-19 patients fill their units. Some nurses are leaving hospital jobs for more lucrative travel nursing positions. Others are leaving the profession altogether.

[Melanie] Mead said nurses at her hospital may now care for five to seven patients at once, sometimes up to 11 on evening shifts. Before the pandemic, it was closer to three to five.

“There might be some days I’m just eyeballing, making sure they’re doing okay and medicating them and running off to another patient. Sometimes I don’t have that personal connection, and I miss that,” Mead said. “I really miss that — we just don’t have enough time in the day with the amount of patients, which is difficult.”

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Posted in Health & Medicine, Labor/Labor Unions/Labor Market

(AP) New wind farms would dot US coastlines, including Carolinas, under Biden plan

Seven major offshore wind farms would be developed on the East and West coasts and in the Gulf of Mexico under a plan announced Wednesday by the Biden administration.

The projects are part of President Joe Biden’s plan to deploy 30 gigawatts of offshore wind energy by 2030, generating enough electricity to power more than 10 million homes.

Interior Secretary Deb Haaland said her department hopes to hold lease sales by 2025 off the coasts of Maine, New York and the mid-Atlantic, as well as the Carolinas, California, Oregon and the Gulf of Mexico. The projects are part of Biden’s plan to address global warming and could avoid about 78 million metric tons of planet-warming carbon dioxide emissions, while creating up to 77,000 jobs, officials said.

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Posted in * Economics, Politics, * South Carolina, Ecology, Economy, Energy, Natural Resources, President Joe Biden, Science & Technology

(Philadelphia Inquirer front page) Record number of people quit jobs as priorities shift

The number of people quitting their jobs has surged to record highs, pushed by a combination of factors that include Americans sensing ample opportunity and better pay elsewhere.

Some 4.3 million people quit jobs in August — about 2.9 percent of the workforce, according to new data released Tuesday from the Labor Department. Those numbers are up from the previous record, set in April, of about 4 million people quitting, reflecting how the pandemic has continued to jolt workers’ mind-set about their jobs and their lives.

The phenomenon is being driven in part by workers who are less willing to endure inconvenient hours and poor compensation, who are quitting instead to find better opportunities. According to the report, there were 10.4 million job openings in the country at the end of August — down slightly from July’s record high, which was adjusted up to 11.1 million, but still a tremendously high number. This gives workers enormous leverage as they look for a better fit.

The implications of this shift could be long-lasting.

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Posted in Anthropology, Corporations/Corporate Life, Economy, Labor/Labor Unions/Labor Market

(IFS) Aaron Renn–Is the Pandemic Changing the Nature of Home Life for Many for the better?

Most white-collar workers in America were forced to work at home during the pandemic. Many of them discovered they liked it and want to keep doing it. Many companies, especially in the tech industry, have responded with policies allowing work from home permanently. This includes firms like Twitter and Spotify. Nationwide Insurance is closing several offices and allowing companies in those locations to work remotely. Others like Ford are embracing a hybrid model with a mix of in office and remote work. Pre-pandemic, the share of people working from home was already rising, going from 3.3% in 2000 to 5.7% in 2019. Even if only a small share of workers stays fully remote, this will be millions of additional workers. While work from home is not the same as a home-based business, it still represents a radical reorientation of the location where work is performed. It’s as if the textile business reverted from factory-centered back to the putting-out system.

Add it together, and this is a radical shift for many families. They are now working from home, caring for children at home, schooling their children at home, doing their own yard work, cooking at home, and improving their home themselves.

This may not be a reversion to pre-industrial homesteading, but it does represent a significant re-functionalization of the home within a post-industrial context for millions of families. Whether this will persist for the long term is yet to be seen, but with inflation and shortages continuing to squeeze the economy, the Do-It-Yourself family will likely be with us for at least a while longer. By choice or under duress, some Americans are going to have to start saying goodbye to their servants.

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Posted in Anthropology, Children, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Marriage & Family

(NYT) ‘It’s Not Sustainable’: What America’s Port Crisis Looks Like Up Close

Like toy blocks hurled from the heavens, nearly 80,000 shipping containers are stacked in various configurations at the Port of Savannah — 50 percent more than usual.

The steel boxes are waiting for ships to carry them to their final destination, or for trucks to haul them to warehouses that are themselves stuffed to the rafters. Some 700 containers have been left at the port, on the banks of the Savannah River, by their owners for a month or more.

“They’re not coming to get their freight,” complained Griff Lynch, the executive director of the Georgia Ports Authority. “We’ve never had the yard as full as this.”

As he speaks, another vessel glides silently toward an open berth — the 1,207-foot-long Yang Ming Witness, its decks jammed with containers full of clothing, shoes, electronics and other stuff made in factories in Asia. Towering cranes soon pluck the thousands of boxes off the ship — more cargo that must be stashed somewhere.

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Posted in * Economics, Politics, Corporations/Corporate Life, Globalization

(BBC) Historic go-ahead for malaria vaccine to protect African children

Children across much of Africa are to be vaccinated against malaria in a historic moment in the fight against the deadly disease.

Malaria has been one of the biggest scourges on humanity for millennia and mostly kills babies and infants.

Having a vaccine – after more than a century of trying – is among medicine’s greatest achievements.

The vaccine – called RTS,S – was proven effective six years ago.

Now, after the success of pilot immunisation programmes in Ghana, Kenya and Malawi, the World Health Organization says the vaccine should be rolled out across sub-Saharan Africa and in other regions with moderate to high malaria transmission.

Read it all.

Posted in Africa, Children, Corporations/Corporate Life, Health & Medicine, Science & Technology

(NYT) The End of a ‘Gilded Age’: China Is Bringing Business to Heel

Chinese tech companies are reeling from regulation. Nervous creditors are hoping for a bailout for China’s largest developer. Growing numbers of executives are going to jail. An entire industry is shutting down.

For China’s leader, Xi Jinping, it’s all part of the plan.

Under Mr. Xi, China is reshaping how business works and limiting executives’ power. Long in coming, but rapid in execution, the policies are driven by a desire for state control and self-reliance as well as concerns about debt, inequality and influence by foreign countries, including the United States.

Emboldened by swelling nationalism and his success with Covid-19, Mr. Xi is remaking China’s business world in his own image. Above all else, that means control. Where once executives had a green light to grow at any cost, officials now want to dictate which industries boom, which ones bust and how it happens. And the changes offer a glimpse of Mr. Xi’s vision for managing the economy, ahead of a political meeting expected to solidify his plans for an unprecedented third term in charge.

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Posted in China, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Politics in General

(CLJ) Joshua Hren–The Uneven Race Between Work and Marriage

Although the unalloyed logo (a “childlike cartoon face of indeterminate ethnicity”) possesses a facial affect that almost forces the onlooker to smile with satisfaction, when Schmidt mingles it with his own face he sours. Wallace’s image does not sugar the icon’s awful truth. Men who yearn for marriage but are consumed by the competing demands of work are innately dissatisfied: cut off from the daily demands, the “domestic discipline,” the saving need to sacrifice for family, their identification with work becomes overwhelming. The atomized “self” is an extraordinarily powerful invention, and it frees us from inherited obligations and forms, institutions and norms. But there is always a catch. The self, if sometimes experienced as expansive and massive, is intrinsically small.

“What is love?” asks Nietzsche’s Last Man: “What is creation? What is longing? What is a star?’ thus asks the last man, and blinks. The earth has become small, and on it hops the last man, who makes everything small . . . One still loves one’s neighbor and rubs against him, for one needs warmth.” Notice the dynamic at play: the last man, who makes everything small, blinks at the biggest things, but his pusillanimous state does not leave him unsettled. Schmidt, on the contrary, recognizes and balks at his own smallness—he has eyes for the sacred and yearns to be transcended but does not know how; gazing at the distant dots of the cosmos and even using them as guides, he instantiates one of the riddling problems of our age: marriage remains a lodestar for many, but exemplary (if flawed) marriages—which mix sacramental mysteries with utter practicalities—are declining with terrible speed, a phenomenon exacerbated by an excessive identification of self and work.

David Foster Wallace’s story smokes our minds with the mushrooming loneliness of his atomic protagonist. Schmidt’s “self” has lost and has been remade in the image of his abstracted and sophistic workplace. Chesterton was fundamentally worried that capitalism’s logic would wear away at the deep roots of the family. In “Mister Squishy,” we watch not the atoms being smashed, but the progeny of this fission, circling his job in an earthbound orbit, unable to bond, bouncing off the walls of his condo. A conscientious employee, exemplary even. A smashed man, sickly squishy, hard to digest.

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Posted in Anthropology, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Marriage & Family

(Washington Post) Back in the classroom, teachers are finding pandemic tech has changed their jobs forever

MaryRita Watson says her job as a fourth- and fifth-grade reading specialist is 110% more stressful these days.

As the delta variant continues to spread across the United States and leads to more coronavirus exposure among students, Watson says she has been forced to embrace the hybrid model of teaching, where she simultaneously has to educate students both in-person and virtually.

“It’s difficult. I feel like the students who are at home aren’t getting the best of me, and then at times, the students at school aren’t getting best of me,” says Watson, who teaches at Oakbrook Elementary School in Summerville, S.C. She has switched between in-person and virtual classes over the last year and half due to the pandemic.

Watson is among millions of teachers across the nation who are in their second year of teaching either in-person, online or both – depending on the state, city and district they live in. Like many other professions, teachers’ jobs have become increasingly complex due to the pandemic. This year, many students are back in the classroom, but teachers have to constantly adapt if there is virus exposure. There aren’t specific guidelines on how best to teach students using the many technologies that are available. Teachers are also struggling to keep students engaged while learning new tech tools that are required to make online classes successful.

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Posted in * South Carolina, Blogging & the Internet, Education, Health & Medicine, Labor/Labor Unions/Labor Market, Science & Technology

(NYT front page) Inflation Warning Signs Flash Red, Posing Challenge for Washington

The Federal Reserve’s preferred gauge of inflation climbed in August at the quickest pace in 30 years, data released on Friday showed, keeping policymakers on edge as evidence mounts that rapidly rising prices are poised to last longer than practically any of them had expected earlier this year.

The numbers come at a pivotal moment, as inflationary warning signals abound. Used car prices show signs of picking up again, costs for raw goods like cotton and crude oil are increasing and companies continue to experience pain from persistent supply chain disruptions.

That is stoking fears in Washington and on Wall Street that although rapid price gains will eventually fade, the adjustment could drag on for months. A longer burst of inflation raises the chances that consumers will change their expectations and behavior, paving the way for more permanent price increases.

It is a high-stakes juncture for policymakers. The Fed is preparing to withdraw some of its support for the economy soon, but it would prefer to do so only gradually, given the millions of Americans who remain out of work. The White House is trying to pass two big policy packages at the core of President Biden’s economic agenda, and Republicans have begun wielding every new inflation data point as an argument against more federal spending.

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Posted in Consumer/consumer spending, Corporations/Corporate Life, Economy, Federal Reserve, House of Representatives, Politics in General, President Joe Biden, Senate, The U.S. Government

(NYT) ‘Everything Going the Wrong Way’: Dollar Stores Hit a Pandemic Downturn

But dollar stores are not as well equipped for the surreal economy of today, when workers like Ms. Beadling are quitting in protest and a single coronavirus case on a container ship can cause a two-month delay in getting Chinese-made merchandise to the United States.

“This is another case of the pandemic laying bare the underlying vulnerabilities in how we’ve set up our economy,” said Stacy Mitchell, co-director of the Institute for Local Self-Reliance, an advocacy group that is critical of many large corporate retailers.

While just about every retailer is dealing with shipping and distribution problems, the dollar stores may have difficulty passing on the increased costs to price-sensitive customers.

Dollar Tree said it expected as much as $200 million in additional freight costs this year.

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Posted in Consumer/consumer spending, Corporations/Corporate Life, Economy, Globalization, Health & Medicine

(Washington Post) Workers are putting on pants to return to the office only to be on Zoom all day

Nick Kneer was excited to go back to the office. After working from home for about a year and a half, Kneer had missed the camaraderie he had with his co-workers at the Ohio-based university library system where he works as a communications coordinator. He was counting down until he could mingle with students and staff again.

But his excitement quickly faded after the reality of in-person work turned out to be far from what he expected.

Instead, to avoid contracting the delta variant, he ended up locked in a “windowless, cinder block room” — his temporary office — attending most of his meetings via Zoom.

“It was definitely a bummer,” he said….

“There’s this weird tension,” said Brian Kropp, chief of HR research for research firm Gartner. “We want everyone back in the office, but we still want everyone to do work by video.

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Posted in Corporations/Corporate Life, Labor/Labor Unions/Labor Market, Science & Technology

(NYT) How an 11-Foot-Tall 3-D Printer Is Helping to Create a Community

Pedro García Hernández, 48, is a carpenter in the southeastern Mexican state of Tabasco, a rainforest-shrouded region of the country where about half of the residents live below the poverty line.

He ekes out a living making about 2,500 pesos ($125.17) a month from a tiny workspace inside the home he shares with his wife, Patrona, and their daughter, Yareli. The home has dirt floors, and during Tabasco’s long rainy season, it’s prone to flooding. Dust from his construction projects coats nearly everything in the home, clinging to the bedroom walls, the pump toilet and the counters of his makeshift kitchen.

But that will soon change. In a matter of months, Mr. Hernández and his family are moving to a new home on the outskirts of Nacajuca, Mexico: a sleek, 500-square-foot building with two bedrooms, a finished kitchen and bath, and indoor plumbing. What’s most unusual about the home is that it was made with an 11-foot-tall three-dimensional printer.

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Posted in Economy, Housing/Real Estate Market, Mexico, Science & Technology

(WSJ) Burned Out and Restless From the Pandemic, Women Redefine Their Career Ambitions

Working more than a year under pandemic conditions threw into sharp relief what Vicki Klaker wanted from her career—and wasn’t getting.

At first, the marketing specialist and mother of five plowed through the long days of working from her home near Wichita, Kan., while overseeing her children’s online learning.

Soon, though, “remote work was a double-edged sword,” the 38-year-old says.

Being more available to her family was gratifying and made her wonder whether another line of work would let her spend more time with them. In her corporate job at a fast-growing restaurant chain, working from home meant monitoring emails often into the evening, leaving her both depleted and unfulfilled.

“I realized, ‘I’m not being fulfilled because I’m not helping people, and I don’t want to waste any more time,’ ” says Mrs. Klaker, who had always dreamed of becoming a teacher. This spring, she applied for a position at an area school district and, to her surprise, got it. As of last month, she teaches high-school students how to code and build websites, and isn’t looking back. “My definition of success has changed,” she says.

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Posted in * Culture-Watch, Labor/Labor Unions/Labor Market, Women

(NYT) Home Health Care–Long Hours, Low Pay, Loneliness and a Booming Industry

For 15 years, Yvette Dessin spent long work days with her elderly patients, accompanying them on walks, cooking them meals and bathing those who needed that most intimate kind of care. If a patient died, Ms. Dessin and her adult daughter attended the funeral services to pay their respects.

Ms. Dessin worked up to 60 hours a week as a home health aide, her daughter said, making minimum wage. She often worried about being able to pay the mortgage on her Queens home. She was one of roughly 2.4 million home care workers in the United States — most of them low-income women of color and many of them immigrants — who assist elderly or disabled patients in private residences or group homes.

The industry is in the midst of enormous growth. By 2030, 21 percent of the American population will be at the retirement age, up from 15 percent in 2014, and older adults have long been moving away from institutionalized care. In a 2018 AARP survey, 76 percent of those ages 50 and older said they preferred to remain in their current residence as they age. In 2019, national spending on home health care reached a high of $113.5 billion, a 40 percent increase from 2013, according to the most recent data from the Centers for Medicare and Medicaid Services.

The ranks of home care aides are expected to grow by more than those of any other job in the next decade, according to the Bureau of Labor Statistics. It’s also among the lowest paying occupations on the list.

Read it all from the front page of the business section of yesterday’s NYT.

Posted in Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Health & Medicine, Labor/Labor Unions/Labor Market

(Church Times) The UN Climate Change Conference (COP26) is vital, multifaith environment declaration tells world leaders

Governments must take urgent action at the forthcoming COP26 climate summit “to avert the loss, damage, and forced migration threatened by climate change”, a new declaration signed by religious leaders in the UK says.

The Glasgow Multi-Faith Declaration for COP26, released on Monday, says: “We remind governments of their commitments made in Paris in 2015 to limit global warming to 1.5 degrees, and of Article 17 of the Universal Declaration on Bioethics and Human Rights to protect the environment, the biosphere and biodiversity. We call upon them to take the urgent action needed to avert the loss, damage, and forced migration threatened by climate change.

The declaration is signed by 52 faith leaders from Scotland and across the rest of the UK. Anglican signatories include the Primus of the Scottish Episcopal Church, the Most Revd Mark Strange; the Bishop of Bangor and senior bishop in the Church in Wales, the Rt Revd Andy John; and the Bishop of Norwich, the Rt Revd Graham Usher, who is the C of E’s lead bishop on the environment.

The summit is due to take place in November in the Scottish Exhibition and Conference Centre (SECC) in Glasgow. Some campaigners have called for it to be delayed until the spring of 2022 (News, 10 September).

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Posted in Climate Change, Weather, Corporations/Corporate Life, Ecology, Energy, Natural Resources, Ethics / Moral Theology, Religion & Culture, Science & Technology