Category : Economy

(AP) More US firms are boosting faith-based support for employees

It has become standard practice for U.S. corporations to assure employees of support regardless of their race, gender or sexual orientation. There’s now an intensifying push to ensure that companies are similarly supportive and inclusive when it comes to employees’ religious beliefs.

One barometer: More than 20% of the Fortune 100 have established faith-based employee resource groups, according to an AP examination and there’s a high-powered conference taking place this week in Washington aimed at expanding those ranks.

“Corporate America is at a tipping point toward giving religion similar attention to that given the other major diversity categories,” says Brian Grim, founder and president of the Religious Freedom & Business Foundation that’s co-hosting the conference along with the Catholic University of America’s Busch School of Business.

A few companies have long-established faith-in-the-workplace programs, such as Arkansas-based Tyson Foods, which deploys a team of more than 90 chaplains to comfort and counsel employees at its plants and offices. That program began in 2000.

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Posted in Corporations/Corporate Life, Labor/Labor Unions/Labor Market, Religion & Culture

(NPR) Preparing For The End Of The World, On A Budget

At first glance, this modest home nestled against a hillside in the mountains somewhere west of Colorado Springs appears to have all the amenities you’d expect in a quiet retreat. There’s even a two-story tower built right in. An otherwise peaceful place to catch the 360-degree view of winter’s splendor.

“[It’s a] really nice place to sit and vacation — enjoy. But, if necessary, it’s a guard post,” Drew Miller pointed out.

A Harvard Ph.D. and former military intelligence officer with 30 years of experience, Miller would know a good defensible spot when he sees it. Miller is a self-described “prepper,” someone who makes active preparations to survive the fall of human civilization. The nationwide prepper community is often painted as composed of conspiracy-crazed eccentrics, he said, thanks in large part to television shows such as the National Geographic Channel’s Doomsday Preppers.

It’s a reputation he soundly rejects.

“These are people who are smartly concerned, who want some insurance so that if the electric system goes down, a pandemic occurs, you know, they can survive,” he said.

Read it all.

Posted in * Culture-Watch, America/U.S.A., Economy, Eschatology, Housing/Real Estate Market, Personal Finance, Religion & Culture

(Atlantic) The Great Affordability Crisis Breaking America–In one of the best decades the American economy has ever recorded, families were bled dry

In the 2010s, the national unemployment rate dropped from a high of 9.9 percent to its current rate of just 3.5 percent. The economy expanded each and every year. Wages picked up for high-income workers as soon as the Great Recession ended, and picked up for lower-income workers in the second half of the decade. Americans’ confidence in the economy hit its highest point since 2000, right before the dot-com bubble burst. The headline economic numbers looked good, if not great.

But beyond the headline economic numbers, a multifarious and strangely invisible economic crisis metastasized: Let’s call it the Great Affordability Crisis. This crisis involved not just what families earned but the other half of the ledger, too—how they spent their earnings. In one of the best decades the American economy has ever recorded, families were bled dry by landlords, hospital administrators, university bursars, and child-care centers. For millions, a roaring economy felt precarious or downright terrible.

Viewing the economy through a cost-of-living paradigm helps explain why roughly two in five American adults would struggle to come up with $400 in an emergency so many years after the Great Recession ended. It helps explain why one in five adults is unable to pay the current month’s bills in full. It demonstrates why a surprise furnace-repair bill, parking ticket, court fee, or medical expense remains ruinous for so many American families, despite all the wealth this country has generated. Fully one in three households is classified as “financially fragile.”

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Posted in * Culture-Watch, * Economics, Politics, America/U.S.A., Economy, Marriage & Family, Personal Finance & Investing

Sunday Afternoon Encouragement–(NBC) Beer can leads to Minnesota woman reuniting with missing dog after 3 years

A Minnesota woman was reunited with her dog, Hazel, this week after spotting her missing pet’s picture on a Florida brewery’s beer can.

The road back together for Monica Mathis, 33, and Hazel began last month when Mathis was scrolling through Facebook and saw a picture of a dog that looked familiar. It was Hazel, her mixed breed that had been missing for three years.

What Mathis had hit upon was a label posted on Facebook from Motorworks Brewing, of Bradenton, Florida, which featured four adoptable dogs, including Hazel. Proceeds from sales of the cans were destined for a fund to build a new county animal shelter.

Read it all or watch the video below (highly recommended).

Posted in Animals, Charities/Non-Profit Organizations, Corporations/Corporate Life, Marriage & Family, Media

(NYT Op-ed) Ross Douthat–The Age of Decadence

The farther you get from that iPhone glow, the clearer it becomes: Our civilization has entered into decadence.

The word “decadence” is used promiscuously but rarely precisely. In political debates, it’s associated with a lack of resolution in the face of threats — with Neville Chamberlain and W.B. Yeats’s line about the best lacking all conviction. In the popular imagination, it’s associated with sex and gluttony, with pornographic romances and chocolate strawberries. Aesthetically and intellectually it hints at exhaustion, finality — “the feeling, at once oppressive and exalting, of being the last in a series,” in the words of the Russian poet Vyacheslav Ivanov.

But it’s possible to distill a useful definition from all these associations. Following in the footsteps of the great cultural critic Jacques Barzun, we can say that decadence refers to economic stagnation, institutional decay and cultural and intellectual exhaustion at a high level of material prosperity and technological development. Under decadence, Barzun wrote, “The forms of art as of life seem exhausted, the stages of development have been run through. Institutions function painfully. Repetition and frustration are the intolerable result.” He added, “When people accept futility and the absurd as normal, the culture is decadent.” And crucially, the stagnation is often a consequence of previous development: The decadent society is, by definition, a victim of its own success.

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Posted in * Culture-Watch, * Economics, Politics, America/U.S.A., Canada, Economy, England / UK, Europe, History, Politics in General, Religion & Culture

(Reuters) Equinor broadens scope of carbon targets to match rivals

“Repsol has shown the net zero 2050 ambition we need,” said Edward Mason, head of responsible investments at the Church of England, which has been buying shares in oil and gas companies so it can push them to make stronger climate commitments.

“Equinor is doing some great stuff, particularly on (Scope 1 and 2 emissions), but I’m not sure a pledge to halve carbon intensity by 2050 does it any more,” he said on Twitter.

Equinor, which has been building a renewables business mainly focused on offshore wind, will also achieve its renewable investment target sooner than planned, its chief financial officer told Reuters on Thursday.

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

(CC) Why Andover Newton requires seminarians to take a course from the Yale School of Management

Bill Goettler, associate dean at YDS, says that a quarter of YDS students indicate an interest in taking courses at the SOM, though only a small fraction of that number follow through. By making it a requirement, Andover Newton is nudging people toward a kind of learning that, on some level, they realize they need.

Perhaps most interesting is the way new theological questions can arise in business classes. Washington shared an example of how this happened in the course Strategic Management of Nonprofit Organizations. “I had to answer questions like whether or not nonprofits were supposed to work to no longer be needed, which led me to ask myself this same question as it relates to denominations and churches.”

As long as the world still needs churches, it needs a learned clergy, and the clergy need whatever education is called for by the times. Today congregations are calling out for multidimensional leaders, and business education is rounding out an increasingly important dimension of pastoral ministry.

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Posted in * Economics, Politics, Anthropology, Corporations/Corporate Life, Ecclesiology, Economy, Education, Ethics / Moral Theology, Parish Ministry, Pastoral Theology, Seminary / Theological Education, Theology

(Economist) Investors at home and abroad are piling into American government debt

In the good old days, America’s budget deficit yawned when the economy was weak and shrank when it was strong. It fell from 13% to 4% of gdp during Barack Obama’s presidency, as the economy recovered from the financial crisis of 2007-09. Today unemployment is at a 50-year low. Yet borrowing is rising fast. Tax cuts in 2017 and higher government spending have widened the deficit to 5.5% of gdp, according to imf data—the largest, by far, of any rich country.

It could soon widen even further. President Donald Trump is thought to want a pre-election giveaway. Fox News is awash with rumours of “Tax Cuts 2.0”. This month the Treasury announced it would issue a 20-year bond, which would lengthen the average maturity of its debt and lock in low interest rates for longer. All this is quite a change for many Republicans, who once accused Mr Obama of profligacy, but now say that trillion-dollar deficits are no big deal. Democratic presidential candidates, meanwhile, are talking about Medicare for All and a Green New Deal. A new consensus on fiscal policy has descended on Washington. Can it hold?

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Posted in * Culture-Watch, America/U.S.A., Budget, Credit Markets, Ethics / Moral Theology, Politics in General, The National Deficit, The U.S. Government

(CHE) The Big Lie–A professor schemed to get a raise and win his department’s respect. Instead, he wrecked his career

Brian and Stacey McNaughton had bought their single-family home in Fort Collins, Colo., six years earlier for $525,000. It was the sort of place, situated on an oversize corner lot in a neighborhood filled with doctors and lawyers, that projected the kind of solid middle-class status that the couple had achieved after years of study. Brian McNaughton, once a first-generation college student, was on the tenure track at Colorado State University, and his wife was a nurse anesthetist.

But all of that risked being torn asunder because of the big lie — a lie that they shared, and that Stacey McNaughton was now threatening to expose. She would recount to the police how she had signaled plans to call her husband’s boss, reveal his deception, and derail his career. The couple struggled for control of a phone, and the professor pleaded with his wife to reconsider, before Stacey McNaughton ran out the back door screaming for help. She jumped a fence and took refuge with some neighbors who were having a backyard campfire.

On that night and many thereafter, Brian McNaughton feared that his wife would tell people at Colorado State how he had fabricated a job offer from another university. It was a simple scheme, one designed to earn him the kind of money and respect that is often so elusive for early-career professors. As McNaughton had hoped, the fake letter spurred a counteroffer, forcing his dean and department chair to reconsider what he might be worth.

In July 2015, police responded to a domestic disturbance at the McNaughtons’ home. An officer’s body camera captured interviews with the couple and a secret recording that Stacey McNaughton had made of their argument.

Not long before, Stacey McNaughton had started secretly recording all of the couple’s conversations. In audio from that summer night, which she shared with an officer, she can be heard saying, “You wrote that letter, Brian — that lie. I told you don’t submit it.”

But he had done it, and there was no turning back.

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Posted in Education, Ethics / Moral Theology, Personal Finance, Psychology, Science & Technology

(C of E) Bishop Alan Smith welcomes the credit card gambling ban

The Bishop of St Albans, Dr Alan Smith, has welcomed an announcement from the Gambling Commission that consumers will no longer be able to use credit cards to gamble from April 2020.

“This marks a significant step in progressive policy-making, reducing the risks to gamblers,” he said, following the announcement.

“For too long people have been vulnerable through gambling with money they don’t have, using credit cards, additionally incurring the costs of borrowing alongside any losses.

“I have been calling for this change as consultation turned into consultation, while gamblers were facing the consequences of delay.

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Posted in Church of England (CoE), CoE Bishops, Corporations/Corporate Life, Ethics / Moral Theology, Gambling, Personal Finance & Investing, Religion & Culture

(America) How parishes can tackle the U.S. church’s money crisis

For the Catholic Church, this means starting with our mission of making disciples of Jesus Christ. But the road to the financial health of a parish also means seeing financial resources as a spiritual issue, and encouraging parishioners to contribute, as Christian disciples, relative to their means. We recommend three steps to get started.

Preach and teach about money more. The Bible has some great wisdom on how to handle money, and Jesus had more to say about it than any other issue. The pulpit needs to be leveraged to give parishioners insight on money and how giving can be an act of faith. Beyond the pulpit, parishes can host courses to help people get out of debt and more skillfully manage their money.

Talk about money more but ask for it less. Incessant, guilt-tinged “asks” for causes ranging from busted boilers to leaky roofs create the impression that all the church talks about is money. These asks take the form of second collections, special appeals, sales in the lobby and, of course, raffles, bake sales and bingo. These fundraisers create confusion, and parishes should wean themselves off of them. At Mass, pass the offering basket once, and, barring an extraordinary event, ask for additional financial support no more than once a year.

Lead by example. The Gospels say that people followed Jesus because he spoke as one having authority. Church leaders can speak with authority about money when we ourselves are giving at a sacrificial level through our gifts of time, talent or, when possible, financial resources. Our credibility is further enhanced when we are good stewards of the money we receive in offerings, honoring parish budgets, avoiding unnecessary debt and eliminating unneeded expenses.

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Posted in Parish Ministry, Personal Finance, Religion & Culture, Roman Catholic, Stewardship

(FT) Half of UK universities commit to divesting from fossil fuels

Half the UK’s universities have pledged to sell their shares in fossil fuel companies after a years-long campaign involving protests, hunger strikes and petitions by students worried about climate change.

Some 78 of the UK’s 154 public universities have committed to at least partially divest from fossil fuels, including University College London, York, Liverpool and Exeter, which all said they would ditch oil and gas stocks last year.

According to People & Planet, the group that co-ordinated the students, £12.4bn of endowments across the higher education sector have dumped at least some fossil fuel stocks.

The divestment by universities is the latest sign of the growing influence of young climate activists. Last year, youth-led climate strikes took place across the world, inspired by teenager Greta Thunberg.

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

(WSJ) As Jobs Cap 10 Years of Gains, Women Are Workforce Majority

Women overtook men to hold the majority of U.S. jobs for the first time in a decade, while employers added positions for a record 10th straight year, pointing to a growing and dynamic economy heading into 2020.

The number of women on nonfarm payrolls exceeded men in December for the first time since mid-2010, the Labor Department said Friday. Women held 50.04% of jobs last month, surpassing men on payrolls by 109,000.

“Increasingly, the fortunes of women in the labor market will determine the overall outcomes of the labor market because they will be the predominant share,” said Marianne Wanamaker, a labor economist at the University of Tennessee, Knoxville, and former adviser to President Trump.

Overall, the economy added a seasonally adjusted 145,000 jobs last month, and unemployment stayed at a 50-year low of 3.5%. In one dark spot, wages advanced 2.9% from a year earlier, the smallest annual gain since July 2018. Stock-market indexes finished lower Friday after rising earlier in the day, with the Dow Jones Industrial Average briefly crossing the 29000 mark.”

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Posted in America/U.S.A., Economy, Labor/Labor Unions/Labor Market

(PS) Shoshana Zuboff–Surveillance Capitalism

As we enter a new decade, we are also entering a new era of political economy. Over the centuries, capitalism has evolved through a number of stages, from industrial to managerial to financial capitalism. Now we are entering the age of “surveillance capitalism.”

Under surveillance capitalism, people’s lived experiences are unilaterally claimed by private companies and translated into proprietary data flows. Some of these data are used to improve products and services. The rest are considered a “behavioral surplus” and valued for their rich predictive signals.

These predictive data are shipped to new-age factories of machine intelligence where they are computed into highly profitable prediction products that anticipate your current and future choices. Prediction products are then traded in what I call “behavioral futures markets,” where surveillance capitalists sell certainty to their business customers.

Google’s “clickthrough rate” was the first globally successful prediction product, and its ad markets were the first to trade in human futures. Already, surveillance capitalists have grown immensely wealthy from these trading operations, and ever more companies across nearly every economic sector have shown an eagerness to lay bets on our future behavior.

The competitive dynamics of these new markets reveal surveillance capitalism’s economic imperatives.

First, machine intelligence demands a lot of data: economies of scale.

Second, the best predictions also require varieties of data: economies of scope. This drove the extension of surplus capture beyond likes and clicks into the offline world: your jogging gait and pace; your breakfast conversation; your hunt for a parking space; your face, voice, personality, and emotions.

In a third phase of competitive intensity, surveillance capitalists discovered that the most predictive data come from intervening in human action to coax, tune, herd, and modify behavior in the direction of guaranteed outcomes.

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Posted in --Social Networking, Blogging & the Internet, Corporations/Corporate Life, Ethics / Moral Theology, Science & Technology

(DM) George Pitcher–This Christmas, we have a golden opportunity to re-invent our political culture and our economy

If Mr Johnson is to be true to his word and consolidate his northern vote, finance must serve those nearer the bottom of the pile to address our North-South inequality.

It’s apt that this sea-change election fell just before Christmas, the time in our Christian calendar when we trace the start of our narrative – that Nativity story about displacement, refugees, insufficient accommodation, the cruel and casual oppression by a ruling class and a baby born in a stable.

The child we celebrate at Christmas-time would grow up to tell some Pharisees who tried to trick him over Roman taxation policy to ‘render to Caesar what is Caesar’s and to God what is God’s’.

Christians believe everything belongs to God. So some of the more rapacious models of capitalism we’ve suffered under, which brought about the financial crisis that cost the world so dearly, really won’t do today.

This Christmas we have a golden opportunity to re-invent our political culture and our economy.

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Posted in Economy, England / UK, Ethics / Moral Theology, Politics in General, Religion & Culture

(Guardian) The highest YouTube earner this year? An eight-year-old

An eight-year-old YouTube presenter has topped its list of high earners, making $26m last year.

Ryan Kaji (real name Gaun) made his toy review empire unboxing toys on YouTube from when he was just three. Now the eight-year-old has his face on toys and gets spotted in the supermarket.

A video from four years ago shows him woken from a toy-car bed by his parents, to find a giant egg with toys inside next to him. His speech is not yet fully developed – in the intro he says “welcomes to Ryan toy review”.

He plays with a series of toys that he retrieves from the egg, including a large racetrack that he puts toy cars on. Everything in the room, from his bed to the toys he plays with, is on the theme of the popular Pixar movie Cars.

Read it all.

Posted in Blogging & the Internet, Children, Consumer/consumer spending, Economy, Globalization

(NYT) One Nation, Tracked: An Investigation Into The Smartphone Tracking Industry

For many Americans, the only real risk they face from having their information exposed would be embarrassment or inconvenience. But for others, like survivors of abuse, the risks could be substantial. And who can say what practices or relationships any given individual might want to keep private, to withhold from friends, family, employers or the government? We found hundreds of pings in mosques and churches, abortion clinics, queer spaces and other sensitive areas.

In one case, we observed a change in the regular movements of a Microsoft engineer. He made a visit one Tuesday afternoon to the main Seattle campus of a Microsoft competitor, Amazon. The following month, he started a new job at Amazon. It took minutes to identify him as Ben Broili, a manager now for Amazon Prime Air, a drone delivery service.

“I can’t say I’m surprised,” Mr. Broili told us in early December. “But knowing that you all can get ahold of it and comb through and place me to see where I work and live — that’s weird.” That we could so easily discern that Mr. Broili was out on a job interview raises some obvious questions, like: Could the internal location surveillance of executives and employees become standard corporate practice?

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Posted in * Culture-Watch, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Ethics / Moral Theology, Law & Legal Issues, Science & Technology

(FT) Some of Brazil’s evangelical church preach the Bolsonaro revolution

Paulo Guedes, Mr Bolsonaro’s economy minister, was spotted in Congress recently wearing a bracelet with a Bible verse given to him by an evangelical pastor. “These guys support the president,” he beamed. Mr Guedes is leading his own crusade to bring the free-market economics he learnt from Milton Friedman in Chicago to his homeland. The Universal Church’s message that state handouts are no way to live is music to his ears.

The Sunday service featured on its giant screens the story of a believer who raised himself from scavenging on a rubbish dump at the age of 17 to the ranks of the bourgeoisie. Now a successful lawyer and the proud owner of three apartments, he was invited on stage by Mr Macedo to explain how his devotion to the church had transformed his life. His strict adherence to a rule that believers tithe one-tenth of their income to the church — even when eking out an existence on a rubbish dump — was emphasised repeatedly.

Mr Mendonça says the message is an entrepreneurial one. “The same things you hear at a seminar for people starting their own business — the need to believe in your potential and in what you do, to be creative and to take risks — are exactly the same” as the advice in church, he says.

The formula has worked for Mr Macedo. His personal wealth has been estimated by Forbes magazine at $1.1bn, making him one of the world’s richest religious leaders.

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Posted in Anthropology, Brazil, Consumer/consumer spending, Economy, Ethics / Moral Theology, Evangelicals, Personal Finance, Politics in General, Religion & Culture

More Dorothy Sayers on her Feast Day–Why Work?

I have already, on a previous occasion, spoken at some length on the subject of Work and Vocation. What I urged then was a thoroughgoing revolution in our whole attitude to work. I asked that it should be looked upon, not as a necessary drudgery to be undergone for the purpose of making money, but as a way of life in which the nature of man should find its proper exercise and delight and so fulfill itself to the glory of God. That it should, in fact, be thought of as a creative activity undertaken for the love of the work itself; and that man, made in God’s image, should make things, as God makes them, for the sake of doing well a thing that is well worth doing.

It may well seem to you – as it does to some of my acquaintances – that I have a sort of obsession about this business of the right attitude to work. But I do insist upon it, because it seems to me that what becomes of civilization after this war is going to depend enormously on our being able to effect this revolution in our ideas about work. Unless we do change our whole way of thought about work, I do not think we shall ever escape from the appalling squirrel cage of economic confusion in which we have been madly turning for the last three centuries or so, the cage in which we landed ourselves by acquiescing in a social system based upon Envy and Avarice.

A society in which consumption has to be artificially stimulated in order to keep production going is a society founded on trash and waste, and such a society is a house built upon sand….

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Posted in Anthropology, Church History, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Theology

(Local Paper front page) Modern warfare is now happening online. South Carolina’s defense contractors are on the front lines.

The military’s most frequent battles are not fought on land, by sea or in the air. They’re fought online, every day, and South Carolina’s defense contractors are trying to stay ahead of the enemy.

Katie Arrington, a former state lawmaker who was appointed in January as a consultant for the Department of Defense, said Charleston in particular is key when it comes to cybersecurity against China, terrorist groups and individuals attempting to undermine government security.

“We’re at war,” Arrington told The Post and Courier. “Cyberwar is real. To think this community isn’t exposed to what our adversaries are trying to do every day in the cyber realm would be remiss. Our cyberwarriors, the people who work in the Charleston defense contractor community, are the first layer of defense.”

That was the theme this week when more than 1,400 business leaders, military officers and government employees gathered in North Charleston for the Charleston Defense Contractors Association’s 13th annual conference to discuss the evolution of warfare. For decades, the federal government has looked to the private sector to come up with solutions. And cyberwarfare is now big business in the Palmetto State.

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Posted in * South Carolina, Corporations/Corporate Life, Globalization, Military / Armed Forces, Science & Technology

(NPR) Powered By Faith, Religious Groups Emerge As A Conduit For A Just Solar Boom

Minnesota winters are long, brutal and gray. Minneapolis resident Keith Dent has endured 38 of them. But over the last several years, he’s experienced what he calls a “reintroduction to the sun.”

In 2017, Dent helped install, and later subscribed to a massive community solar garden mounted atop Shiloh Temple — a majority black church in north Minneapolis. Today, the 630-panel array provides Shiloh itself, the nearby Masjid An-Nur Mosque and 29 local households with green energy.

The Shiloh project is among hundreds of community solar gardens cropping up nationwide working to solve an obstacle many face when trying to go green: the cost of installing rooftop panels, which for a typical household, runs north of $10,000. The project is also among a growing cluster of initiatives affiliated with faith-based institutions seeking to advance their missions of justice by bringing renewable energy to low income communities.

Dent says his utility bills have dropped noticeably since he first subscribed; “That extra $30 or $40 a month? That’s groceries, that’s gas, that’s ballet shoes,” he says.

Read it all.

Posted in * Economics, Politics, Ecology, Economy, Energy, Natural Resources, Ethics / Moral Theology, Religion & Culture, Science & Technology, Stewardship

(Guardian) Archbp John Sentamu–It’s time to act against the oil companies causing death and destruction

The legal system in Nigeria is cumbersome, costly and inefficient. Victims are rarely able to afford the means to justice and redress. While governments must accept a share of responsibility for this catastrophe, the onus lies largely with the multinational oil companies that dominate the scene. They drill and export the oil and gas. They own the inadequate and poorly maintained and poorly guarded infrastructure that have allowed oil spills and other forms of pollution to become systemic for people in Bayelsa.

All too often they do not respect their fundamental human rights and are getting away with a pollution footprint with global consequences, including climate change. Yet those who bear the immediate cost are the people of Bayelsa, where human life appears to be disposable in the pursuit of wealth.

Repentance, reparation and remedy for damage done for decades is long overdue. Too many people treat distant parts of the world like giant rubbish dumps. If you or I behaved like that in our locality, albeit on an infinitely smaller scale, we would be rightly prosecuted for fly-tipping.

We are all temporary tenants on this planet and will be held accountable for its management. Future generations will look at the state of their inheritance and will want to know who in the past benefited from its irresponsible exploitation and who paid the price for it. If there is still an opportunity for the present generation to make amends, we had better get on with it with the utmost urgency.

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Posted in Archbishop of York John Sentamu, Church of England (CoE), Corporations/Corporate Life, Ecology, Energy, Natural Resources, Ethics / Moral Theology, Nigeria, Religion & Culture

(NYT Op-ed) David Brooks–I Was Once a Socialist. Then I Saw How It Worked.

I came to realize that capitalism is really good at doing the one thing socialism is really bad at: creating a learning process to help people figure stuff out. If you want to run a rental car company, capitalism has a whole bevy of market and price signals and feedback loops that tell you what kind of cars people want to rent, where to put your locations, how many cars to order. It has a competitive profit-driven process to motivate you to learn and innovate, every single day.

Socialist planned economies — the common ownership of the means of production — interfere with price and other market signals in a million ways. They suppress or eliminate profit motives that drive people to learn and improve.

It doesn’t matter how big your computers are, the socialist can never gather all relevant data, can never construct the right feedback loops. The state cannot even see the local, irregular, context-driven factors that can have exponential effects. The state cannot predict people’s desires, which sometimes change on a whim. Capitalism creates a relentless learning system. Socialism doesn’t.

Read it all.

Posted in * Economics, Politics, Anthropology, Economy, Ethics / Moral Theology, Philosophy, Politics in General, Theology

(NYT Op-ed) Ross Douthat–Debating the decline of wedlock, again, in the shadow of the baby bust

Over the last 10 years, however — and again, I acknowledge that this is impressionistic — I think we have reached a third phase in liberal attitudes toward marriage, a new outworking of cultural individualism that may eventually render the nuanced liberalism my colleague describes obsolete.

This new phase is incomplete and contested, and it includes elements — in #MeToo feminism, especially — whose ultimate valence could theoretically be congenial to cultural conservatives. But in general the emerging progressivism seems hostile not only to anything tainted by conservative religion or gender essentialism but to any idea of sexual or reproductive normativity, period, outside a bureaucratically supervised definition of “consent.” And it’s therefore disinclined to regard lifelong monogamy as anything more than one choice among many, one script to play with or abandon, one way of being whose decline should not necessarily be mourned, and whose still-outsize cultural power probably requires further deconstruction to be anything more than a patriarchal holdover, a prison and a trap.

The combination of forces that have produced this ideological shift is somewhat murky — it follows a general turn leftward on social issues after the early 2000s, a further weakening of traditional religion, the cultural ripples from Obergefell v. Hodges, the increasing political polarization of the sexes and, of course, the so-called Great Awokening.

But it does not feel like a coincidence that the new phase tracks with the recent decline in childbearing. If the new liberal hostility to marriage-as-normative-institution is not one of the ideological causes of our latest post-familial ratchet, it is at least a post facto ideological excuse, in which the frequent prestige-media pitches for polyamory or open marriages or escaping gender norms entirely are there to reassure people who might otherwise desire a little more normativity (and a few more children) in their lives, that it’s all cool because they’re in the vanguard of a revolution.

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Posted in * Culture-Watch, * Economics, Politics, America/U.S.A., Anthropology, Children, Economy, Ethics / Moral Theology, Law & Legal Issues, Marriage & Family, Philosophy, Politics in General, Theology

(NYT) Suddenly, the Chinese Threat to Australia Seems Very Real

A Chinese defector to Australia who detailed political interference by Beijing. A businessman found dead after telling the authorities about a Chinese plot to install him in Parliament. Suspicious men following critics of Beijing in major Australian cities.

For a country that just wants calm commerce with China — the propellant behind 28 years of steady growth — the revelations of the past week have delivered a jolt.

Fears of Chinese interference once seemed to hover indistinctly over Australia. Now, Beijing’s political ambitions, and the espionage operations that further them, suddenly feel local, concrete and ever-present.

“It’s become the inescapable issue,” said Hugh White, a former intelligence official who teaches strategic studies at the Australian National University. “We’ve underestimated how quickly China’s power has grown along with its ambition to use that power.”

Read it all.

Posted in Australia / NZ, China, Corporations/Corporate Life, Ethics / Moral Theology, Foreign Relations, Politics in General, Science & Technology

(Seattle Times) Recompose, the human-composting alternative to burial and cremation, finds a home in Seattle’s Sodo area

One evening last week, around 75 people gathered in a vast Sodo warehouse for an event that may have been the first of its kind in human history: a housewarming party for a funeral home where bodies would not be burned or buried, but laid in individual vessels to become clean, usable compost.

It was an eclectic group (doctors, architects, funeral directors, state legislators, lawyers, investors), but they had come together to celebrate the first site for Recompose, the fledgling Seattle company that hopes to change the way people think about what happens after we die.

“You all have one thing in common,” Katrina Spade, founder and CEO of Recompose, told the crowd beneath the mammoth, curved wood ceiling. “You are all members of the death-care revolution.”

But for some at the party, it took a little time to get there.

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Posted in Anthropology, Corporations/Corporate Life, Death / Burial / Funerals, Eschatology, Ethics / Moral Theology

(FT) Tough new global standards on mining waste storage under consideration

Some of the mining majors have already publicly released their own stringent standards but say implementation and assurance of stakeholders needs improving. There is also a wider challenge of getting smaller miners that do not belong to the ICMM to sign up to the standards.

The disaster in Brazil was the second major accident involving tailings dams within almost four years and has made some investors wary of owning mining shares and raised uncertainty among insurance companies. It is estimated there are about 3,500 active tailings dams globally and a recent review estimated one in ten have stability issues.

The draft noted investors have a role to play in limiting their financial support only to projects that fulfil the standards proposed and insurance companies should insist mining companies minimise the risk from tailings dams.

Adam Matthews from the Church of England Pensions Board representing PRI said “we are mindful that zero harm to people and environment has to be the objective and the standard has an important role to play to achieving a mining sector whose tailings facilities are operating to such a standard.”

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Posted in Church of England (CoE), Corporations/Corporate Life, Ecology, Energy, Natural Resources, Ethics / Moral Theology, Stock Market

(AI) Trinity School for Ministry expands campus, purchases local church

In the small town of Ambridge, PA, a renewal is taking place. Storefronts are being updated, old buildings are being refurbished to house new tenants, and new sidewalks have been poured. Trinity School for Ministry has a desire to support this renewal in a way that is helpful to the town and also helps to build community. To that end, Trinity School for Ministry is thrilled to announce that we have just purchased the Presbyterian Church of Ambridge, located just a few blocks from Trinity’s campus. “When the pastor from the church approached me to inquire whether we would be interested in buying the church, I knew that I had to explore this option,” stated the Very Rev. Dr. Henry L. Thompson, III (Laurie), Dean and President of Trinity School for Ministry. “We knew we needed a larger chapel/meeting space and we had been praying that God would help us to discern whether or not to build a brand new building,” Thompson added. “We received our answer— not surprisingly, this existing church met every one of my criteria that I had identified for a new building. God has given us such a tremendous gift.”

Opened in 1976, Trinity has a long history of working with the Ambridge and surrounding communities. Of interest is the fact that Trinity’s current chapel was a Presbyterian church, and when Trinity purchased it, half of the congregation began attending down the street at the church that was just purchased. “We feel like God has taken us full circle,” said Thompson, “and once again we are able to put new life into an older building.”

The recently purchased building will allow Trinity to move forward into the future as its residential student population continues to grow and its partnerships reach even further globally.

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Posted in * Anglican - Episcopal, Housing/Real Estate Market, Seminary / Theological Education, Stewardship

(BBC) The shareholders fighting to make oil firms greener

They can also convince firms to stop lobbying that is “inconsistent” with the goals of the 2015 Paris Agreement, which aims to reduce the risks and impacts of climate change globally.

One of the most successful activist groups has been Climate Action 100+, a global network of institutional investors that targets the world’s 100 largest corporate greenhouse gas emitters.

Its 370 members, which have $35tn (£27tn) of assets under management, include well-known names such as Aberdeen Standard, the Church of England Pensions Board and HSBC Global Asset Management.

In March, the group, working with others, forced the oil giant Shell to make a legally binding commitment to use a broader definition of greenhouse gas emissions in its carbon-reduction targets.

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Posted in Climate Change, Weather, Corporations/Corporate Life, Ecology, Energy, Natural Resources, Ethics / Moral Theology, Stewardship, Stock Market

(BI) The Big Issue is getting tough on modern slavery

Big Issue vendors remain vulnerable to being targeted by slavers, so we have beefed up how we are tackling modern slavery.

In a move designed to tie in with International Anti-Slavery Day, which took place earlier this month, The Big Issue has introduced a new e-training module for staff as well as a new Modern Slavery and Human Trafficking policy.

The Big Issue’s head of programmes and partnerships Beth Thomas explains more.

“At The Big Issue we recognise that we work with some of the most vulnerable members of society who are at risk of falling victim to crime,” she said. “It is no secret that human traffickers prey on people who are vulnerable and exploit their circumstances to win over their trust. With this in mind we have introduced a modern slavery policy and procedure aimed at helping all staff to be able to spot the signs of modern slavery.

“We believe that it is not only up to those who work on the front line but it is all of us to be aware of how to spot the signs as we go about our day to day lives. From taking our cars to be cleaned to having a manicure, everyone needs to be vigilant and know what do to do if they suspect modern slavery. To help staff with this we have incorporated a new training module into all staff and volunteer inductions.”

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Posted in Anthropology, Corporations/Corporate Life, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Law & Legal Issues, Religion & Culture, Sexuality, Theology, Violence