Category : Economy

(BBC) Archbp Justin Welby: Putting money in its proper place

In the last two chapters, he offers a couple of countermeasures:
What we give we gain
What we master brings us joy
These are what he calls the formulation of “divine economics”, a kind of upside-down approach to wealth where giving does not result in depletion but blessing, and where overcoming our natural appetite for accumulating wealth is the challenge that brings genuine and deep-seated peace.
“Money buys capabilities,” he says.
“It also buys security, but it risks taking us further and further away from being those who wash feet, who dethrone Mammon by subverting the power of wealth to give us a better life.”

Read it all.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, --Justin Welby, Anthropology, Archbishop of Canterbury, Consumer/consumer spending, Corporations/Corporate Life, Economy, Eschatology, Ethics / Moral Theology, Parish Ministry, Personal Finance, Religion & Culture, Stewardship, Theology, Theology: Scripture

(Wa Po) Michael Schulson–Why electing Donald Trump was a triumph for the prosperity gospel

The election of Donald Trump has lifted fringe ideologies, such as the alt-right, and little-known political figures, such as Trump’s immigration adviser Kris Kobach, to new levels of national prominence.

It has also elevated a group of evangelical Christian leaders and traditions that are often treated as marginal. Specifically, Trump’s victory has been an unlikely triumph for the prosperity gospel, as well as for a handful of prosperity-oriented preachers from the world of African American televangelism.

The president-elect identifies as a Presbyterian. But his rhetoric during the campaign often reflected the language of the prosperity gospel, a diffuse American Christian movement that links faith, positive thinking and material wealth into “the American religion of winning,” as journalist Jeff Sharlet described it this year.

Read it all.

I will take comments on this submitted by email only to KSHarmon[at]mindspring[dot]com.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Consumer/consumer spending, Economy, Ethics / Moral Theology, Office of the President, Politics in General, Religion & Culture, Theology

([London] Times) Firms must block child ”˜sexting’

Social media giants should block children from sharing explicit images to help to curb Britain’s “sexting” crisis, the health secretary has said.

Jeremy Hunt also heaped pressure on tech and mobile phone companies to tackle sexting among under-18s. Technology existed to allow social media platforms to block explicit images from young users automatically, following a request from their parents, he said.

It is the latest demand from a senior government figure for social media companies to take a greater role in confronting issues such as online porn, cyberbullying and extremism.

Giving evidence to the Commons health committee yesterday, Mr Hunt said the companies needed to show that they were willing to help to improve mental health among teenagers. He warned against an online culture of intimidation and sexual imagery.

Read it all (requires subscription).

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --Social Networking, Anthropology, Blogging & the Internet, Consumer/consumer spending, Corporations/Corporate Life, Economy, England / UK, Ethics / Moral Theology, Law & Legal Issues, Pastoral Theology, Politics in General, Science & Technology, Sexuality, Teens / Youth, Theology

£1 million social investment puts Church workers at heart of London estates

Estates in Old Street and Bethnal Green and their local church communities have been the first to benefit from missional workers living on-site, following the success of a pioneering bond. The Missional Housing Bond was developed by a partnership of churches and charities to allow church workers to live among the communities they serve, in spite of the rising rents in the capital.

Three years of work on the Missional Housing Bond have resulted in two successful rounds of crowdfunding raising close to £1 million of capital. This has enabled a partnership involving the Diocese of London to purchase two small flats near to Inspire London church in Old Street and St Peter’s church in Bethnal Green, both rapidly growing churches in an area of London where high levels of need and deprivation exist alongside some of the highest property values in the world.

The flats are made available at social rents to church missional workers who are not only on hand to help the life of their church, but also embed themselves in the life of the local area, helping the Church to fulfill its mission to local people.

Read it all.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, Anglican Provinces, Church of England (CoE), Economy, England / UK, Housing/Real Estate Market, Parish Ministry, Rural/Town Life, Stewardship, Theology, Young Adults

(Time) Penelope Wang-The Next President’s Financial Imperative: Fixing Social Security

Today some 60% of Americans age 65 or older rely on Social Security for 50% or more of their family income”“the average payment is a modest $1,300 a month. For some 33% of families, the benefit makes up 90% to 100% of their income.

There’s a lot at stake for the overall federal budget as well, since entitlement programs are grabbing a larger and larger overall share of federal expenditures. Social Security alone accounts for $1 out of every $4 spent, and Medicare and Medicaid spending make up another 25%. Together these entitlement programs account for most of the future growth in spending, not including interest payments on debt, says MacGuineas.

The surge in Social Security spending is chiefly driven by the aging of the U.S. population. The leading edge of the baby-boom generation of 75 million began heading into retirement just as Obama took office. Back in 2009, the nation’s worker-to-retiree ratio stood at 3.0 to 1. Today, with more boomers having exited the workforce, the ratio has dropped to 2.8 to 1, and by 2035 it is projected to shrink to 2.1 to 1.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Aging / the Elderly, Anthropology, Economy, Ethics / Moral Theology, Health & Medicine, Pastoral Theology, Politics in General, Social Security, The U.S. Government, Theology

(CT's The Local Church) These Churches Fought Domestic Poverty with the Gospel””and It Worked

In August, Christianity Today partnered with Deidox Films to debut The Ordinance, a documentary exploring churches’ efforts to fight predatory payday lenders. Many church leaders recognize the shameful practices of these lenders and seek to meet the needs of their church members while also fighting for justice on a legislative level. On the other side of the same coin, however, are churches attempting to fight poverty and prevent the situations that lead people to accept these loans.

In recent years, several Christian organizations have developed programs providing microloans, savings groups, and economic education in international contexts. But how much do we know about empowering our own communities? With racial and economic tensions exacerbated in recent years, the local church has a key role to play in bringing about reconciliation. Organizations like The Chalmers Center, whose founders wrote the bestselling When Helping Hurts, have recognized the vast needs in the United States and are now working to equip churches to meet economic and spiritual needs in their communities.

“As Chalmers worked to empower grassroots churches in Africa, Asia, and Latin America to help the poor help themselves, we became acutely aware of the same need to address poverty holistically in our own nation,” said John Mark Bowers, the Curriculum Specialist at The Chalmers Center. “After publishing When Helping Hurts, we heard from even more churches that were hungry for tools to help them walk alongside people across economic lines right here in the United States. Thus, the birth of an IDAs [Individual Development Accounts] pilot””out of which came Faith & Finances, and later, Work Life.”

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Anthropology, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Parish Ministry, Pastoral Care, Pastoral Theology, Personal Finance, Poverty, Religion & Culture, Theology

(WSJ) Rabbi Peter Rubinstein–Thinking About Charity on Black Friday

Following a bruising presidential election, some Americans are afraid of the future. Others feel that the tumult of the campaign was necessary to disrupt business as usual. Multitudes feel that the country has lost its way, while just as many believe that the nation has finally found its footing. No doubt millions of people have witnessed these divisions at their own Thanksgiving feasts.

Many of us in the religious world wonder: How can we bridge this chasm and unify our body politic? How does the country close the fault line that divides the U.S. in half? Is it possible to stand for what we believe is right while still being civil toward the friends, family and neighbors who supported the “wrong” candidate? The way forward lies not in politics, but in something that binds us together as human beings: the simple act of giving to others.

Giving has long been invoked as a healing counterpoint to the darker sides of human nature. Tzedakah””the Jewish concept of donating at least 10% of one’s income to charity””comes from the Hebrew word for justice, or righteousness. Generosity is also at the heart of Christianity, and it is one of the five pillars of Islam.

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Consumer/consumer spending, Economy, Ethics / Moral Theology, Parish Ministry, Personal Finance, Religion & Culture, Stewardship, Theology, Theology: Scripture

Perspective from the Pages of History (II)–The Apple I Computer (1976)

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Consumer/consumer spending, Corporations/Corporate Life, Economy, History, Science & Technology

(C of E) The Bp of Birmingham responds to the Chancellor's Autumn Statement

The Bishop of Birmingham, Rt Revd David Urquhart, has issued the following response to the Chancellor’s Autumn Statement:

Bishop David said: “The political turbulence of the past year and lower growth forecasts have meant the Chancellor has been given limited economic room for manoeuvre. But I welcome the emphasis in the Autumn Statement on long term stability, investment in innovation, in our national infrastructure and on supporting regional growth. To be a nation living within its means is an aspiration worth keeping, even if the revised figures for deficit reduction mean that the goal of its achievement has been moved slightly further away.

The Government is to be commended for wanting to address the situation of those who are ‘just managing’ and for its emphasis on work as being an important route out of poverty. The increases in the National Living Wage and a partial reversal of planned cuts to Universal Credit announced in today’s Autumn Statement are welcome and will offer some help. But at a time when the cost of living is set to rise, more on the lowest incomes will still struggle to get by and they might benefit from more targeted assistance than further increases in the tax free personal allowance, which mostly benefits better off families, as the recent report by the Centre for Social Justice points out.

As the Joseph Rowntree Foundation have highlighted, the four-year freeze on working-age benefits is looking increasingly out of date, especially with rising inflation.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, Anglican Provinces, Anthropology, Children, Church of England (CoE), CoE Bishops, Corporations/Corporate Life, Economy, England / UK, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Marriage & Family, Personal Finance, Politics in General, Taxes, Theology

The Bp of Winchester speaks on Lifting People out of Poverty through fairer trade Agreements


(Bp Tim Dakin: Diocese of Winchester photo)

My Lords, I too thank the noble Lord, Lord Chidgey, for securing this debate. With Malawi on the brink of a major humanitarian crisis, there is no better time to highlight the challenges facing Africa today. I declare an interest as the chair of a small charity supporting education and development in Africa.

The welfare of the east African nations is of particular importance to me. I was born in Tanzania and spent some of my teenage years in Kenya. In the 1990s, I was the principal of a small college in Nairobi””indeed, we still keep a home situated on an old coffee farm near Thika. Through this previous experience and from regular visits, I have observed the finely balanced life which Kenyan agricultural workers live. Smallholdings are a significant element in the agricultural sector of Kenya. Many city dwellers also have a smallholding upcountry. A severe drought might mean the end of their children’s education. It may also result in families being unable to afford even the most basic medicines or in workers having to resort to desperate means of generating income to support their families.

The economic partnership agreements that we discuss today may have as much of an impact on the livelihoods of east African smallholders as a bumper harvest or a deadly drought. We have heard from the noble Lord, Lord Chidgey, a sample of the difficulties caused by EPAs. I want to highlight two issues which could specifically affect the smallholder in Africa.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, Africa, Anglican Provinces, Church of England (CoE), CoE Bishops, Economy, England / UK, Ethics / Moral Theology, Foreign Relations, Malawi, Politics in General, Poverty, Theology

(LA Times) In America, the rich outlive the poor by up to 9.5 years, study says

The United States is one of the richest countries in the world, but it would look dramatically different if its 50 states were organized according to income instead of geography.

If that were the case, residents of the poorest state in the union would have a median household income that’s just above the federal poverty line for a family of four. They would also expect to live shorter lives than people in more than half of the world’s countries.

It’s not a pretty picture, according to the researchers who carried out this thought experiment.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Children, Economy, Ethics / Moral Theology, Health & Medicine, Marriage & Family, Personal Finance, Politics in General, Poverty, Theology

(Globe+Mail) If you thought globalization was bad, just wait for deglobalization

Just when it looked as if Donald Trump might be mellowing came the unsettling symbolism of his weekend meeting with Nigel Farage, a seasoned pro of nativist politics. The leader of Britain’s pro-Brexit forces and the U.S. president-elect, Mr. Trump’s campaign manager explained, chatted “about freedom and winning and what this all means for the world.”

Just what does it mean? Kindred spirits or co-conspirators, Mr. Trump and Mr. Farage owe their respective victories ”“ Mr. Farage’s came in June’s British referendum on leaving the European Union ”“ to the popular backlash against globalization that they fomented with their fearful claims about the negative impacts of trade agreements and immigration. Closing their borders, they told voters left behind by technological change and ill at ease with the new demography, was the only way to recover what, in truth, is lost forever.

There is no understating the significance of the anti-globalization backlash in U.S. and British politics. These aren’t just any two countries. The United States and Britain have been the guarantors of the international order since the Second World War. Their “special relationship” led to the end of the Cold War and the growth in world trade and investment flows that lifted living standards almost everywhere and ensured the global peace.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Economy, Ethics / Moral Theology, Globalization, Office of the President, Politics in General, Theology

Bonnie Gayle–I Didn’t Have Kids Because They’re Too Expensive–and I Have No Regrets

Being childless has allowed me to invest in myself.

Right now, most 50-somethings are cashing out their savings to send their kids to college.

And a great deal more are paying for their kids’ weddings, embracing grandkids, or supporting Millennial children who are returning to the nest.

Me? Let’s just say my life doesn’t exactly fit into the typical mold.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Children, Consumer/consumer spending, Economy, Ethics / Moral Theology, Marriage & Family, Personal Finance, Psychology, Theology

(Today) Anglican Bishop of Egbu urges Buhari, National Assembly to slash salaries, allowances

Bishop of Egbu Diocese, Church of Nigeria (Anglican Communion), Geoffrey Enyinnaya Okorafor, has appealed to President Buhari, and all the lawmakers in the National Assembly (Senate and House of Representatives), to sincerely implement ”˜Change Begins with Me’ measures towards recovering from the economic woes Nigeria has found itself, by slashing all their salaries and allowances.

He also in the theme of the synod, ”˜The Fourth Man in The Furnace: X-raying the saving of power of God in all Circumstances”, condemned the proposed sale of national assets by the presidency.

The cleric expressed disgust over the huge earnings by the elected and appointed political office holders.

Read it all.

Posted in * Anglican - Episcopal, * Economics, Politics, * International News & Commentary, Africa, Anglican Provinces, Anthropology, Church of Nigeria, Economy, Ethics / Moral Theology, Nigeria, Politics in General, Theology

(BI) U.S. public pension plans are headed for a disaster on the current trajectory

The combined debt held by U.S. public pension plans will top $1.7 trillion next year, according to a just-released report from Moody’s Investors Services.

This “pension tsunami” has already forced towns like Stockton, California and Detroit, Michigan into bankruptcy. Perhaps no government mismanaged their pension as badly as Puerto Rico, where a $43 billion pension debt forced the commonwealth to seek protection from the federal government after having defaulted on its obligations to bondholders ”” a default which is expected to spread to retirees in the form of benefit cuts.

While the disastrous outcome of Puerto Rico’s pension plan ”” which is projected to completely run out of assets by 2019 ”” represents the worst-case scenario, the same series of events that led to its demise can be found in most public pension plans nationwide.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Aging / the Elderly, Anthropology, City Government, Corporations/Corporate Life, Credit Markets, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Pensions, Personal Finance, Politics in General, Psychology, State Government, Stock Market, Theology

(Church Times) Stanley Hauerwas–Countering the politics of resentment

…the racism and anxiety that Mr Trump has exploited are, I believe, manifestations of an even deeper pathology ”” namely, the profound sense of unease that many Americans have about their lives. That unease often takes the form of resentment against elites, but, even more troublingly, it also funds the prejudice against minority groups and immigrants.

Resentment is another word for the unease that seems to grip good middle-class ”” mostly white ”” people who have worked hard all their lives and yet find that they are no better off than when they started. They deeply resent what they interpret as the special treatment that some receive in an effort to right the wrongs of the past.

All this is happening at the same time as the Church ”” at least, the mainstream Church ”” is struggling against a culture of consumption. Americans find that they have no good reason for going to church. The statistical decline of Christians has led some church leaders to think that our primary job is to find ways to increase church membership. At a time when Christians are seeking to say something confident and useful about “church growth”, what we communicate is superficial and simplistic. You do not need to come to church to be told that you need to be nice.

The Church has failed to help people to live in such a manner that they would want no other life than the life they have lived….

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Consumer/consumer spending, Economy, Ethics / Moral Theology, History, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Personal Finance, Politics in General, Religion & Culture, Theology

Key Guardian article on the elitism+incestuousness of some of the usa ruling class

They are the comfortable and well-educated mainstay of our modern Democratic party. They are also the grandees of our national media; the architects of our software; the designers of our streets; the high officials of our banking system; the authors of just about every plan to fix social security or fine-tune the Middle East with precision droning. They are, they think, not a class at all but rather the enlightened ones, the people who must be answered to but who need never explain themselves.

Let us turn the magnifying glass on them for a change, by sorting through the hacked personal emails of John Podesta, who has been a Washington power broker for decades. I admit that I feel uncomfortable digging through this hoard; stealing someone’s email is a crime, after all, and it is outrageous that people’s personal information has been exposed, since WikiLeaks doesn’t seem to have redacted the emails in any way. There is also the issue of authenticity to contend with: we don’t know absolutely and for sure that these emails were not tampered with by whoever stole them from John Podesta. The supposed authors of the messages are refusing to confirm or deny their authenticity, and though they seem to be real, there is a small possibility they aren’t.

With all that taken into consideration, I think the WikiLeaks releases furnish us with an opportunity to observe the upper reaches of the American status hierarchy in all its righteousness and majesty.

Read it all.

I will take comments on this submitted by email only to KSHarmon[at]mindspring[dot]com.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Economy, Ethics / Moral Theology, House of Representatives, Office of the President, Personal Finance, Politics in General, Psychology, Senate, Theology

(Bloomberg) Millennials expect their bosses to give them free stuff to keep them happy

A strong pat on the back and a reassuring word no longer cuts it when it comes to keeping millennials happy at work.

More than three-quarters of U.K. workers age 18 to 24 say company perks are crucial to their job satisfaction, according to a survey released this week by Perkbox, a company that sells employee gifts. Only about half of baby boomers in the U.K. tied their job satisfaction to the goodies, the survey said.

Amazon gift cards, for example, are the physical representation of a caring, sharing employer, said Saurav Chopra, co-founder of Perkbox. Skyscanner, an Edinburgh-based flight comparison site, gives employees discounts at local sandwich shops and hairdressers. Airbnb provides employees with $2,000 a year good for spending on properties on the home-sharing site anywhere in the world.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, History, Labor/Labor Unions/Labor Market, Psychology, Theology, Young Adults

(Law & Religion UK) Ashers Baking loses its appeal over being forced to bake advocacy cake

Ashers Baking is owned by the McArthur family. It offered to bake cakes iced with a graphic of the customer’s own design. Gareth Lee is gay; and to mark the International Day Against Homophobia and Transphobia, in May 2014 he ordered a cake from Ashers bearing the slogan “Support Gay Marriage” and a picture of the Sesame Street puppets Bert and Ernie. Ashers initially accepted his order but Mrs Karen McArthur subsequently telephoned him to say that his order could not be fulfilled because Ashers was a Christian business and that, with hindsight, she should not have taken the order in the first place. She apologised and refunded his money.

Before Belfast County Court, in Lee v Ashers Baking Co Ltd & Anor [2015] NICty 2 Mr Lee had claimed that he had been discriminated against contrary to the provisions of the Equality Act (Sexual Orientation) Regulations (Northern Ireland) 2006 and/or the Fair Employment and Treatment (Northern Ireland) Order 1998. District Judge Brownlie found for Mr Lee, concluding that Ashers Baking was liable under the 2006 Regulations for the unlawful acts of its two directors, Mr and Mrs McArthur, and that they, in turn, were liable under Regulation 24 for aiding Ashers Baking to act unlawfully. As a result of their actions, the company had discriminated unlawfully against Mr Lee. They appealed and the matter came before the Court of Appeal in Belfast by way of case stated.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --Civil Unions & Partnerships, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, England / UK, Ethics / Moral Theology, Ireland, Law & Legal Issues, Marriage & Family, Religion & Culture, Sexuality, Theology

Terminally Ill Mom Denied Chemotherapy to Keep Her Alive, Offered Suicide Drugs Instead

My jaw dropped.”

This was the instant reaction of a mother suffering from a terminal disease when she was told by her medical insurance company that they could not pay for her chemotherapy but would be willing to shoulder the cost of drugs that would put her to death. The drugs’ price: $1.20.

Four years ago, 33-year-old California resident Stephanie Packer was diagnosed with scleroderma, a chronic autoimmune disease that causes scar tissue to form in her lungs, the New York Post reported.

Read it all from Christian Today.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Anthropology, Children, Death / Burial / Funerals, Economy, Ethics / Moral Theology, Health & Medicine, Law & Legal Issues, Life Ethics, Marriage & Family, Parish Ministry, Pastoral Theology, Psychology, Theology, Theology: Scripture

(Christian Today) Britain's First Ever Christmas Coin Features Jesus In Nativity Scene

An Anglican bishop in Wales has designed the Royal Mint’s first official UK Christmas coin.

Bishop of St Asaph Gregory Cameron, besides being a keen artist and coin collector, is also one of the Anglican Communion’s leading experts on Eastern Christianity.

The Christmas coin depicts the three Magi, or wise men from the East, bearing their gifts of gold, frankincense and myrrh.

Cameron is already renowned worldwide in the esoteric field of numismatics, or the study and collection of coins.

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, Christmas, Church Year / Liturgical Seasons, Economy, England / UK, Religion & Culture

Ashers bakery loses appeal in case requiring them to make a cake supporting same-sex marriage

Ashers managing director Daniel McArthur said he and his family were “extremely disappointed” with the ruling .

“If equality law means people can be punished for politely refusing to support other people’s causes then equality law needs to change. This ruling undermines democratic freedom, it undermines religious freedom, and it undermines free speech,” he said.

Gay rights activist Peter Tatchell said the “verdict is a defeat for freedom of expression” and could set a “dangerous, authoritarian precedent”.

“Although I strongly disagree with Ashers’ opposition to marriage equality, in a free society neither they nor anyone else should be compelled to facilitate a political idea that they oppose,” he said.

Read it all from the Irish Times.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, England / UK, Ethics / Moral Theology, Ireland, Law & Legal Issues, Politics in General, Religion & Culture, Theology

(NYT Op-ed) Paul Volcker+ Peter Peterson–Ignoring the Debt Problem

Yes, this country can handle the nearly $600 billion federal deficit estimated for 2016. But the deficit has grown sharply this year, and will keep the national debt at about 75 percent of the gross domestic product, a ratio not seen since 1950, after the budget ballooned during World War II.

Long-term, that continued growth, driven by our tax and spending policies, will create the most significant fiscal challenge facing our country. The widely respected Congressional Budget Office has estimated that by midcentury our debt will rise to 140 percent of G.D.P., far above that in any previous era, even in times of war.

Unfortunately, despite a brief discussion during the final presidential debate, neither candidate has put forward a convincing plan to restrain the growth of the national debt in the decades to come.

Read it all. For a very important background on this, please see this 2011 post and the comments thereon, in which Boston University’s Laurence J. Kotlikoff makes clear that the true figure of our actual indebtedness is in excess of 200 Trillion dollars–KSH.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Budget, Economy, Ethics / Moral Theology, History, Medicare, Politics in General, Social Security, The National Deficit, The U.S. Government, Theology

Alan See–The 1980's Are Calling, They Want Leadership Back

A recent HBR article presented researched that suggests that many employees spend up to 80% of their time in meetings, on the phone and responding to emails. That doesn’t leave much time to get their individually assigned work done.

Let me be clear. I’m not bashing teamwork and collaboration. We all know that input and insight from several knowledgeable sources can add value to the organization. But are executives confusing the concept of collaboration with consensus? Or worse, perhaps they are using this popular management style as a way to hedge responsibility should something go wrong. As in, “Hey, it’s not my problem! We all signed-off thinking she would make a great hire.” Or, “Hey, it’s not my fault! Everyone agreed that the new product would sell like hotcakes!”

At the risk of being labeled a non-collaborator, I believe the pendulum needs to swing back to the middle.

Read it all (my emphasis).

Posted in * Culture-Watch, * Economics, Politics, Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Health & Medicine, Labor/Labor Unions/Labor Market, Psychology, Theology

(CC) Hard to read but important-Why I didnt report when I was sexually assaulted

I was at a professional meeting, having dinner at a convivial restaurant to honor a senior scholar. There was one man at the table I wanted to avoid. He had been backhandedly undermining my work for years. Using the buddy system, I asked a good friend to sit next to me. But when I came back from the restroom, everyone had shifted chairs, to facilitate more conversation. The only empty chair was next to this man.

I wish I had left the restaurant then. I should have risked the considerable awkwardness and come up with some excuse to leave. Instead I sat down, trying to appear composed.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Anthropology, Economy, Ethics / Moral Theology, Health & Medicine, Labor/Labor Unions/Labor Market, Law & Legal Issues, Men, Psychology, Sexuality, Theology, Violence, Women

(CSM) Stephen Hawking launches AI research center with opening speech

Theoretical physicist and cosmologist Stephen Hawking has repeatedly warned of the dangers posed by out-of-control artificial intelligence (AI). But on Wednesday, as the professor opened the Leverhulme Centre for the Future of Intelligence (CFI) at the University of Cambridge, he remarked on its potential to bring positive change ”“ if developed correctly.

“Success in creating AI could be the biggest event in the history of our civilisation. But it could also be the last, unless we learn how to avoid the risks,” Dr. Hawking said at the launch, according to a University of Cambridge press release.

Representing a collaboration between the universities of Oxford, Cambridge, Imperial College London, and the University of California, Berkeley, the CFI will bring together a multidisciplinary team of researchers, as well as tech leaders and policy makers, to ensure that societies can “make the best of the opportunities of artificial intelligence,” as its website states.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Corporations/Corporate Life, Economy, England / UK, Ethics / Moral Theology, Globalization, History, Law & Legal Issues, Psychology, Science & Technology, Theology

(Gallup) Americans Continue to Cite the Economy as the Top Problem Facing the Country

With the presidential election looming, more Americans cite the economy (17%) than any other issue as the most important U.S. problem in October, followed by dissatisfaction with the government (12%). Americans’ concerns about the major problems facing the country are largely consistent with what they have been throughout 2016.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Office of the President, Personal Finance, Politics in General, Sociology, Theology

(Sightings) Russell Johnson–Google vs. ISIS and Freedom of Information

Much could be said about the Redirect Method, but two things stand out to me. First, as a philosopher of religion, I find [Yasmin] Green’s point fascinating. Regardless how one mixes the faith-and-reason cocktail, a theopolitical agenda like ISIS’s is undeniably still dependent upon information. People enlist in groups like ISIS not simply out of blind hate or misdirected zeal, but because they find ISIS’s description of the world reasonable and compelling. Green’s wording is suggestive: in “arming individuals with more and better information,” Google is acting on the assumption that facts may be as fatal to ISIS’s success as bullets. Google’s experiment rests on a perspective shared by many professors of religion; in Kofi Annan’s words, “Education is peace-building by another name.”

Second, this program raises the question of precedent. Though I doubt many net neutrality advocates will rally in support of ISIS, there is reason to be leery of Google’s self-appointed mission to steer users away from certain ideological stances. Given that the dream of the Internet is a pure democracy of information and opinion, do we trust Google to be the gatekeeper of theopolitical correctness? It’s one thing if I search for “crayons” and Google””after receiving a payment from Crayola””directs me to Crayola’s website. But what about topics far more controversial than my coloring hobby? How comfortable are we with the leading search engine employing “targeted advertising campaigns” on disputed religious and political matters?

The dilemma is this: everyone is pro-information, but we tend to see only the information that supports our particular worldview.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * Religion News & Commentary, --Social Networking, Anthropology, Blogging & the Internet, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Globalization, Islam, Law & Legal Issues, Multiculturalism, pluralism, Other Faiths, Psychology, Religion & Culture, Science & Technology, Terrorism, Theology

(SA) Chase Kuhn–Meaning in the Mundane

How do we think about the value of our work?

There is a trend in recent theology to locate the meaning of our work in eternity. If we, as God’s people do good things, these things will remain forever. So, they argue, do whatever you are doing with great heart because ”“ultimately ”“ what you do will be a part of God’s kingdom and the new creation.

Others argue that the only thing that matters in our lives is how we use our vocation to advance the kingdom through gospel proclamation. In other words, our jobs and lives only matter so much as we can tell people about Jesus; everything else is just details.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, Anthropology, Australia / NZ, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Theology, Theology: Scripture

Charleston SC picked as nation's top small city by Condé Nast once again

Charleston has been named as the nation’s top small city for the sixth time in a row.

Condé Nast Traveler announced its annual Readers’ Choice Awards Tuesday.

“The readers of Condé Nast Traveler are lauded as some of the world’s most discerning, and the hospitality scene in Charleston continues to charm,” Linn Lesesne, board chair of the Charleston Area Convention and Visitors Bureau, said in a statement. “We are thrilled to be recognized once again for our friendly people, historic ambiance and culture, award-winning restaurants, one-of-a-kind shopping and renowned accommodations.”

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * South Carolina, America/U.S.A., Consumer/consumer spending, Economy, Travel, Urban/City Life and Issues