Category : Economy

The Queens Speech for 2016 in Full

Estimates for the public services will be laid before you.

My Lords and Members of the House of Commons:

Other measures will be laid before you.

I pray that the blessing of Almighty God may rest upon your counsels.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Economy, England / UK, Ethics / Moral Theology, History, Law & Legal Issues, Politics in General, Religion & Culture, Theology

(NYT) Hiring Hurdle: Finding Workers Who Can Pass a Drug Test

All over the country, employers say they see a disturbing downside of tighter labor markets as they try to rebuild from the worst recession since the Depression: They are struggling to find workers who can pass a pre-employment drug test.

That hurdle partly stems from the growing ubiquity of drug testing, at corporations with big human resources departments, in industries like trucking where testing is mandated by federal law for safety reasons, and increasingly at smaller companies.

But data suggest employers’ difficulties also reflect an increase in the use of drugs, especially marijuana ”” employers’ main gripe ”” and also heroin and other opioid drugs much in the news.

Read it all.

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

Niall Ferguson–A message from Dostoevsky to the 21st century: Worry About Big Data

In “Notes from Underground,’’ Dostoevsky fired a broadside against all the Victorian do-gooders who dreamt of a perfectly rational society. “You seem certain that man himself will give up erring of his own free will,” he fulminated. He foresaw a ghastly future in which “all human acts will be listed in something like logarithm tables . . . and transferred to a timetable . . . [that] will carry detailed calculations and exact forecasts of everything to come.” In such a world, his utilitarian contemporaries believed, there would be no wrongdoing. It would have been planned, legislated, and regulated out of existence.

We are nearly there. Or so it seems….

I am deeply suspicious of the concerted effort to address all these problems in ways that markedly increase the power of states ”” and not just any states, but specifically the world’s big states ”” at the expense of both small states and the individual. What makes me especially wary is that today, unlike in Dostoevsky’s time, the technology exists to give those big states, along with a few private companies, just the kind of control he dreaded.

Consider some recent encroachments on liberty.

Read it all from the Boston Globe.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, City Government, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Europe, Globalization, History, Poetry & Literature, Politics in General, Russia, State Government, The U.S. Government, Theology

(C Of E) Church Commissioners announce total 2015 return on investments at 8.2%

The Church Commissioners for England have announced their latest financial results with the publication of their annual report.

The Church Commissioners’ total return on their investments in 2015 was 8.2 per cent, exceeding their long-term target rate by 2%. Over the past 30 years the fund has achieved an average return of 9.7% per annum. After taking account of expenditure, the fund has grown from £2.4bn at the start of 1995 to £7.0 billion at the end of 2015.

In 2015, the charitable expenditure of the Commissioners was £218.5 million, accounting for 15% of the Church’s overall mission and ministry costs. Commissioners-funded projects ranged from clubs and drop-ins to youth work and food bank hubs, all supported by local churches.

Read it all.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Anglican Provinces, Church of England (CoE), Corporations/Corporate Life, Credit Markets, Economy, Ethics / Moral Theology, Globalization, Parish Ministry, Stewardship, Stock Market, Theology

(NYT) Sorry, We Don’t Take Obamacare

Amy Moses and her circle of self-employed small-business owners were supporters of President Obama and the Affordable Care Act. They bought policies on the newly created New York State exchange. But when they called doctors and hospitals in Manhattan to schedule appointments, they were dismayed to be turned away again and again with a common refrain: “We don’t take Obamacare,” the umbrella epithet for the hundreds of plans offered through the president’s signature health legislation.

“Anyone who is on these plans knows it’s a two-tiered system,” said Ms. Moses, describing the emotional sting of those words to a successful entrepreneur.

“Anytime one of us needs a doctor,” she continued, “we send out an alert: ”˜Does anyone have anyone on an exchange plan that does mammography or colonoscopy? Who takes our insurance?’ It’s really a problem.”

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Health & Medicine, Labor/Labor Unions/Labor Market, Law & Legal Issues, Personal Finance, Theology

Pamela Druckerman–Why are the French so wedded to a failing system? The Miserable French Workplace

Why are the French so wedded to a failing system?

For starters, they believe that a job is a basic right ”” guaranteed in the preamble to their Constitution ”” and that making it easier to fire people is an affront to that. Without a C.D.I., you’re considered naked before the indifferent forces of capitalism.

At one demonstration in Paris, young protesters held a banner warning that they were the “génération précaire.” They were agitating for the right to grow up. As Jean-Benoît Nadeau and Julie Barlow point out in their new book, “The Bonjour Effect,” getting a permanent work contract is a rite of adulthood. Without one, it’s hard to get a mortgage or car loan, or rent an apartment.

Mainstream economic arguments can’t compete. “Basic facts of economic science are completely dismissed,” said Étienne Wasmer, a labor economist at Sciences Po. “People don’t see that if you let employers take risks, they’ll hire more people.” Instead, many French people view the workplace as a zero-sum battle between workers and bosses.

Read it all from yesterday’s NY Times.

Posted in * Economics, Politics, * International News & Commentary, Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Europe, France, Labor/Labor Unions/Labor Market, Theology

(Gallup) 3 in 10 US Workers Foresee Working Past Retirement Age

In reality, however, many working Americans simply can’t afford to retire. Fewer workers today than in the past say a pension will be a major income source in retirement, and many have been unable to save sufficiently during the economic slowdown of the past decade. Seven in 10 employed adults told Gallup in April that they are worried about not having enough savings for retirement. As a result, they now need to work as long as possible to build up their retirement nest eggs.

At the moment, most workers are forgoing any thought of retiring before 62, the minimum age to receive partial Social Security retirement benefits, while nearly a third are planning to hold off until after age 67.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Economy, Ethics / Moral Theology, History, Labor/Labor Unions/Labor Market, Pensions, Personal Finance, Social Security, The U.S. Government, Theology

(Wash Post Wonkblog) The middle class is shrinking just about everywhere in America

The great shrinking of the middle class that has captured the attention of the nation is not only playing out in troubled regions like Rust Belt metros, Appalachia and the Deep South, but in just about every metropolitan area in America, according to a major new analysis by the Pew Research Center.

Pew reported in December that a clear majority of American adults no longer live in the middle class, a demographic reality shaped by decades of widening inequality, declining industry and the erosion of financial stability and family-wage jobs. But while much of the attention has focused on communities hardest hit by economic declines, the new Pew data, based on metro-level income data since 2000, show that middle-class stagnation is a far broader phenomenon.

The share of adults living in middle-income households has also dwindled in Washington, New York, San Francisco, Atlanta and Denver. It’s fallen in smaller Midwestern metros where the middle class has long made up an overwhelming majority of the population. It’s withering in coastal tech hubs, in military towns, in college communities, in Sun Belt cities.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Children, Consumer/consumer spending, Economy, History, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Marriage & Family, Personal Finance, Politics in General, Psychology

(WSJ) In the Uber Age, a Boom in Background Checks

The growth of firms such as Uber Technologies Inc. and Lyft Inc. has been a boon for the background checkers tasked to vet hundreds of thousands of amateur taxi drivers.

But those background scans are undergoing changes of their own as sharing-economy firms bring massive volumes and new pressure to run checks more quickly and frequently, prompting companies to update their offerings and introduce new products.

Background checks were at the heart of a battle that led ride-hailing firms Uber and Lyft to halt operations in Austin, Texas, on Monday.

In a citywide referendum, Austin residents voted in support of local rules requiring fingerprint scans for drivers””regulations that Uber and Lyft spent millions to fight.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Corporations/Corporate Life, Economy, Ethics / Moral Theology, History, Labor/Labor Unions/Labor Market, Psychology, Science & Technology, Theology, Travel

(LA Times) 'You want a description of hell?' OxyContin's 12-hour problem

The drugmaker Purdue Pharma launched OxyContin two decades ago with a bold marketing claim: One dose relieves pain for 12 hours, more than twice as long as generic medications.

On the strength of that promise, OxyContin became America’s bestselling painkiller, and Purdue reaped $31 billion in revenue.

But OxyContin’s stunning success masked a fundamental problem: The drug wears off hours early in many people, a Los Angeles Times investigation found. OxyContin is a chemical cousin of heroin, and when it doesn’t last, patients can experience excruciating symptoms of withdrawal, including an intense craving for the drug.

The problem offers new insight into why so many people have become addicted to OxyContin, one of the most abused pharmaceuticals in U.S. history.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Drugs/Drug Addiction, Economy, Ethics / Moral Theology, Health & Medicine, Theology

(RNS) German politicians suggest taxing Muslims to fight radicalization

In American politics, raising taxes is seen as a sure way to provoke a voter revolt. But in Germany, some politicians see taxing Muslims as a strategy to keep them from becoming radicalized.

The standard-bearer for this unexpected idea is a politician from the Christian Social Union, the folksy right-wing party known for desperately wanting to keep Muslim immigrants from the Middle East from pouring in to its traditionally Catholic southern state of Bavaria.

Strange as it might seem, there are Muslim leaders in Germany who think a religious tax might be a good idea, too. If they can get over the grumbling, mosque-goers may agree.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Economy, Ethics / Moral Theology, Europe, Germany, Islam, Other Faiths, Politics in General, Religion & Culture, Taxes, Terrorism, Theology

(Bloomberg) Alberta Wildfires Set for Largest Canadian Disaster Ever

The wildfires spreading around Canada’s oil-sands hub of Fort McMurray may become the costliest catastrophe in the country’s history with losses potentially reaching C$9.4 billion ($7.3 billion).

Insurance losses could reach that high if nearly all homes, cars, and businesses in the Fort McMurray area were destroyed and owners filed a claim to insurers, according to a research note to clients from Bank of Montreal analyst Tom MacKinnon. He said it’s more likely that one-quarter to half of assets would be damaged, leading to total insurance industry losses of C$2.6 billion to C$4.7 billion, as much as quadruple the costliest Canadian natural disaster.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Canada, Economy, Law & Legal Issues, Police/Fire

(FT) The longer the trip to work, the less worthwhile life feels according to a new Study

Ah, the journey to and from work. Last week’s train strikes, keeping many of us in the UK at home, served as a reminder that the commute is not capitalism’s greatest gift to humanity.

The longer the trip, the less worthwhile life feels, data from the Office for National Statistics tell us. Surveys have found that people with a taxing journey sleep poorly, while research by US academics links tough commutes to health problems, such as high cholesterol, hypertension and depression.

The commute is a post-industrial invention. For most of history almost everyone worked at, or near, home. But industrialisation created a separation between people’s living arrangements and their working ones….

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, Health & Medicine, Labor/Labor Unions/Labor Market, Pastoral Theology, Psychology, Theology, Travel

C of E Church Commissioners receive investment awards and triple-A rating on climate change

The Church Commissioners for England have taken home two prizes at this year’s Portfolio Institutional Awards – the Best Charity / Fund / Trust Award for the first time since 2013, and the Best Implementation of Responsible Investment Award for the second year in a row.

The awards come as the Church Commissioners have also been given the highest AAA rating in this year’s Asset Owners Disclosure Project (AODP) Global Climate 500, coming 10th in the index. The rating recognises the work done by the Commissioners to mitigate the investment risks of climate change through engagement and shareholder resolutions, as well as the Commissioners’ support for low carbon investment.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, Anglican Provinces, Church of England (CoE), Corporations/Corporate Life, Economy, Energy, Natural Resources, England / UK, Ethics / Moral Theology, Religion & Culture, Stock Market, Theology

Is it possible to regenerate the brains of dead people? 1 biotech co. thinks yes is the answer

A groundbreaking trial to see if it is possible to regenerate the brains of dead people, has won approval from health watchdogs.

A biotech company in the US has been granted ethical permission to recruit 20 patients who have been declared clinically dead from a traumatic brain injury, to test whether parts of their central nervous system can be brought back to life.

Scientists will use a combination of therapies, which include injecting the brain with stem cells and a cocktail of peptides, as well as deploying lasers and nerve stimulation techniques which have been shown to bring patients out of comas.

Read it all from the Telegraph.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Anthropology, Corporations/Corporate Life, Death / Burial / Funerals, Economy, Ethics / Moral Theology, Health & Medicine, Parish Ministry, Science & Technology, Theology

(WSJ) David Kirby–Praying by Doing, Classroom Edition

In the summer of 1825, young Ralph Waldo Emerson took a break from his theological studies to work on his Uncle Ladd’s farm near Newton, Mass. There he met a laborer known to history only as “a Methodist named Tarbox,” who told Emerson “that men were always praying, and that all prayers were granted.” The idea of constant prayer was not new to Emerson, writes his biographer, Robert D. Richardson Jr., but Emerson “first felt its force for real life” there in his uncle’s fields.

What is prayer? In its simplest form, prayer is an address to a deity. But in “Self-Reliance,” Emerson says that “prayer is in all action”: in the farmer kneeling to weed his field, for example. And clearly Emerson means mindful action: No farmer wakes at mid-morning and says, “Gee, I wonder what I should do today?”

Emerson’s sense of prayer as mindful action appeals to my students at Florida State University, especially as graduation nears and the world of work beckons. I teach English, and in this job market you can say of humanities classrooms what is said often of trenches: There are no atheists there. My students are prayerful, though in the Emersonian way, which is to say they pray by doing, because they know that before they find their place in the world, they have a journey ahead of them.

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Economy, Education, History, Labor/Labor Unions/Labor Market, Religion & Culture, Spirituality/Prayer, Theology, Young Adults

(Fulcrum) Andrew Goddard–The EU Referendum: How Should We Decide?

In deciding how to vote it is important that we recognise that we are answering a different sort of question from that at general elections but, as there, we also need to keep front and centre the test of what it means to love our neighbours and how our vote can serve the common good. That means not deciding on the basis of what is best for me personally (usually understood in simple financial terms) or even for the UK alone but to look at our personal and national good in the context of international society and the importance of good relationships. It also means trying to step back and take in the bigger picture both historically but also in terms of the present nature and likely future development of the EU. At least three broad areas require serious Christian reflection and evaluation in discerning how to vote.

First, as regards its form, the EU is an international legal and political entity based on treaties between national governments. This means considering a Christian attitude to the role and limits of nations and national identity and the dangers of empire as well as consideration of the principle of the free movement of peoples and how it relates to our sense of belonging and place of national borders. Second, the EU also has motives and aims which shape its ethos. Here Christians must evaluate how it has assisted in moving Europe from war to peace, whether and how it has enabled solidarity both within Europe and between Europe and the poorer parts of the world, and whether, particularly in relation to economic life, it is driven by our contemporary idols in the Western world and, through the Euro and austerity, serving or undermining human flourishing. Finally, as the EU is best viewed as a political community it needs, from a Christian perspective, to be assessed in terms of how well it serves the pursuit of justice and whether its political structures are ”“ or can be – representative of its 500 million people and whether they uphold the principle of subsidiarity which seeks to respect local and national governing structures and non-governmental forms of social life.

In the light of all these issues a number of arguments on both sides need to be rejected by Christians but, after exploring each of these areas, I believe it is possible to sketch out potential Christian arguments for each side of the debate focussing on these issues, often neglected in the wider political debate.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, England / UK, Ethics / Moral Theology, Euro, Europe, European Central Bank, Foreign Relations, History, Law & Legal Issues, Politics in General, Religion & Culture, Theology

Canon Andrew White–An update from Iraq, Israel and Jordan

With temperatures in the region of 40C/100F, Iraq is in a terrible way, both politically and economically. The parliament has not been meeting, there are violent protests in Baghdad, and the oil revenue is starting to dry up. Despite this, we are still working on the front line. Yesterday, Dr Sarah Ahmed, FRRME’s Director of Operations in the Middle East, gave out 25 kg bags of flour to over 1,000 Iraqi IDP families in Erbil, Northern Iraq.

Read it all and do not miss the pictures.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Economy, Energy, Natural Resources, Ethics / Moral Theology, Inter-Faith Relations, Iraq, Israel, Jordan, Middle East, Other Faiths, Religion & Culture, Theology, Violence

(NBC) Chobani CEO Giving Employees an Ownership Stake in Yogurt Empire

The man who built Chobani yogurt into a multi-billion dollar brand is giving thousands of employees the financial surprise of a lifetime.

Watch it all.

Posted in * Culture-Watch, * Economics, Politics, Anthropology, Corporations/Corporate Life, Dieting/Food/Nutrition, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Theology

(CEN) Church Film series gives money perspective

”˜To Your Credit’, the local churches’ grassroots movement and the Archbishop’s initiative to create a fairer financial system, has released the first of a series of four 10-minute films on ”˜Money, Debt and Salvation.’ Six theologians will offer reflections on money and debt.

The Archbishop features in the first of the series, in a call to ”˜challenge the sovereignty of money’.

“Credit and debt is one of the key issues that people face because it’s pervasive, it’s everywhere”¦ The reason it’s so important is because the knock-on effect of credit and debt going wrong is so destructive. People’s lives are torn apart, their families are damaged.

“It’s a prophetic thing to get stuck into these issues because we have to challenge the sovereignty of money and finance over every aspect of our life. And to say in quite a revolutionary way, no you’re not in charge, human beings are the ultimate value.

Read it all (requires subscription).

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, --Justin Welby, Anthropology, Archbishop of Canterbury, Economy, England / UK, Ethics / Moral Theology, Movies & Television, Parish Ministry, Politics in General, Religion & Culture, Stewardship, The Banking System/Sector, Theology

(CC) Samuel Wells–Europe’s Pentecost

Two things are clear: the idea that a nation such as Britain can simply withdraw from the European project is a fantasy. Yet the European dream of a realm of freedom springing out of a diverse people rooted in shared values has lost its sparkle. What might a renewed and realistic vision look like?

In the story of Pentecost, people from north, south, east, and west find they can each hear the gospel in their own language. It’s not that there’s just one language and everyone has to speak it; there is a myriad of languages but the barriers to those different languages are taken away. This offers a vision for Europe: not one megastate or one system for everything, but a model of diversity as peace, the harnessing of divergent cultures for enrichment, the challenge and engagement of many systems for the benefit of all.

A renewed and realistic Europe can’t have sharp boundaries: it’s not for one kind of people, and it’s absurd to say Muslims don’t belong. It can’t be about keeping certain people out; it has to be about widening the tent and determining to flourish in new contexts. If it’s worried about mass inward migration, it must invest in the countries from which immigrants are coming and eradicate their reasons for fleeing their homes.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Economy, England / UK, Ethics / Moral Theology, Europe, Foreign Relations, History, Politics in General, Religion & Culture, Theology

(NBC) This Company Will Freeze Your Dead Body for $200,000

In the desert climate of Scottsdale, Arizona rest 147 brains and bodies, all frozen in liquid nitrogen with the goal of being revived one day.

It’s not science fiction ”” to some it might not even be science ”” yet thousands of people around the world have put their trust, lives and fortunes into the promise of cryonics, the practice of preserving a body with antifreeze shortly after death in hopes future medicine might be able to bring the deceased back.

“If you think back half a century or so, if somebody stopped breathing and their heart stopped beating we would’ve checked them and said they’re dead,” said Max More, CEO of the Scottsdale-based Alcor. “Our view is that when we call someone dead it’s a bit of an arbitrary line. In fact they are in need of a rescue.”

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Consumer/consumer spending, Corporations/Corporate Life, Death / Burial / Funerals, Economy, Eschatology, Other Faiths, Parish Ministry, Religion & Culture, Science & Technology, Secularism, Theology

(Atlantic) Neal Gabler–The Secret Shame of Middle-Class Americans

I know what it is like to have to juggle creditors to make it through a week. I know what it is like to have to swallow my pride and constantly dun people to pay me so that I can pay others. I know what it is like to have liens slapped on me and to have my bank account levied by creditors. I know what it is like to be down to my last $5””literally””while I wait for a paycheck to arrive, and I know what it is like to subsist for days on a diet of eggs. I know what it is like to dread going to the mailbox, because there will always be new bills to pay but seldom a check with which to pay them. I know what it is like to have to tell my daughter that I didn’t know if I would be able to pay for her wedding; it all depended on whether something good happened. And I know what it is like to have to borrow money from my adult daughters because my wife and I ran out of heating oil.

You wouldn’t know any of that to look at me. I like to think I appear reasonably prosperous. Nor would you know it to look at my résumé. I have had a passably good career as a writer””five books, hundreds of articles published, a number of awards and fellowships, and a small (very small) but respectable reputation. You wouldn’t even know it to look at my tax return. I am nowhere near rich, but I have typically made a solid middle- or even, at times, upper-middle-class income, which is about all a writer can expect, even a writer who also teaches and lectures and writes television scripts, as I do. And you certainly wouldn’t know it to talk to me, because the last thing I would ever do””until now””is admit to financial insecurity or, as I think of it, “financial impotence,” because it has many of the characteristics of sexual impotence, not least of which is the desperate need to mask it and pretend everything is going swimmingly. In truth, it may be more embarrassing than sexual impotence. “You are more likely to hear from your buddy that he is on Viagra than that he has credit-card problems,” says Brad Klontz, a financial psychologist who teaches at Creighton University in Omaha, Nebraska, and ministers to individuals with financial issues. “Much more likely.” America is a country, as Donald Trump has reminded us, of winners and losers, alphas and weaklings. To struggle financially is a source of shame, a daily humiliation””even a form of social suicide. Silence is the only protection…

Financial impotence goes by other names: financial fragility, financial insecurity, financial distress. But whatever you call it, the evidence strongly indicates that either a sizable minority or a slim majority of Americans are on thin ice financially. How thin? A 2014 Bankrate survey, echoing the Fed’s data, found that only 38 percent of Americans would cover a $1,000 emergency-room visit or $500 car repair with money they’d saved. Two reports published last year by the Pew Charitable Trusts found, respectively, that 55 percent of households didn’t have enough liquid savings to replace a month’s worth of lost income, and that of the 56 percent of people who said they’d worried about their finances in the previous year, 71 percent were concerned about having enough money to cover everyday expenses.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Personal Finance, Politics in General, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology

(CC) Carol Howard Merritt–The grace of small things

In the ’90s we millennials heard stories about a time when kids performed plays at home and families gathered around their pianos, but we consumed our entertainment from TVs that kept growing in size and programming.

In following our individual channels, choices, and pursuits, we became more isolated. We became anxious, de­pressed, and exhausted and began to wonder if bigger was really better. Now something new is happening. Farmer’s markets are springing up. People are turning off their televisions and creating their own stories on social media through status updates, blogs, and vlogs. People upcycle, knit, and quilt.

Those who grew up with big-box stores and mega­churches are longing for small, deep, and creative communities. These worshipers reject a worship service where paid professionals entertain those attending and instead are committed to making liturgy, art, music, and relationships.

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Consumer/consumer spending, Corporations/Corporate Life, Ecclesiology, Economy, Parish Ministry, Pastoral Theology, Religion & Culture, Theology

(WSJ) Crime, Justice and Mercy in Vatican City

Mercy has been the animating force of Pope Francis’ three-year pontificate. And the Extraordinary Jubilee of Mercy, which the Catholic Church has been celebrating since December, is the greatest expression of the pope’s interest. Millions of Catholics are taking the opportunity to renew their faith and receive plenary indulgences during what Francis has called “a true moment of encounter with the mercy of God.”

Vatican City’s judicial system, however, is not taking the year off. Msgr. Lucio Ángel Vallejo Balda has spent the Jubilee in a Vatican City jail cell, and he could face up to eight years behind bars for crimes against the Vatican City State. He and his co-defendants won’t be the first to be prosecuted by the world’s smallest state.

There are two types of courts within the Vatican: religious and civil. Religious courts punish heretical priests, for example, and their jurisdiction extends beyond the Vatican’s walls. Penalties follow the principle of salus animarum, the salvation of souls. They come in the form of invitations to repentance, expulsion from the priestly state or, in severe cases, excommunication.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Economy, Ethics / Moral Theology, Europe, Italy, Law & Legal Issues, Other Churches, Politics in General, Religion & Culture, Roman Catholic, Theology

(Church Times) Bishops urge more reversals of benefit cuts for disabled

Bishops and other prominent Christian figures have called on the new Work and Pensions Secretary, Stephen Crabb, to reverse cuts to welfare for the disabled.

Mr Crabb, a former Welsh Secretary, and a Christian, was promoted to the post after the departure of Iain Duncan Smith, who resigned saying that further planned cuts to disability benefit were a step too far. Mr Crabb reversed those cuts, which had been announced in the Budget by the Chancellor, George Osborne….

An open letter, signed by four bishops ”” including the Archbishop of Wales, Dr Barry Morgan; and the leader of the Iona Community, the Revd Peter MacDonald; and the directors of the think tank Ekklesia and the Centre for Welfare Reform ”” welcomes the reversal of cuts to Personal Independence Payments. Mr Crabb is urged, however, to go “even further”, and to reverse earlier changes to the payments, which are said to have left thousands of people housebound.

Read it all.

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

Anglican Archbishop Thabo Makgoba calls for ”˜tsunami of truth telling’

Anglican Archbishop Thabo Makgoba has today called for a “tsunami of truth telling” about corrupt influence-peddling on government by business interests.

Makgoba made these comments while delivering an address to a graduation at the Witwatersrand University where he received an honorary degree.

He was responding to the Constitutional Court’s judgment on Nkandla.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, Anglican Church of Southern Africa, Anglican Provinces, Economy, Ethics / Moral Theology, Law & Legal Issues, Politics in General, Religion & Culture, Theology

Archbp of York Sentamu–Paying the Living Wage

Like that checkout assistant, many of us remain unconvinced by Chancellor George Osborne packaging up what is essentially an increase on the National Minimum Wage for over 25s and rebranding it the “National Living Wage”. Of course it is to be welcomed that Mr Osborne is increasing wages at the bottom level for over 25s. But let’s call it what it is: a new legal minimum wage for over 25s. It is not a living wage in any real sense; it is not paying workers what they deserve and it is not paying workers what they need in order to achieve a decent standard of living in the UK.

The real Living Wage is set according to what experts and the public believe is needed to achieve an above-poverty standard of living. Not earning this can mean having to rely on a food bank even if you are in work. Let’s think about that for a second. Working people should not have to rely on food banks to feed their families.

The new minimum wage also risks setting young against old. There are two million under 25’s who will not benefit from the increased minimum wage. The realLiving Wage (as set by the Living Wage Foundation) makes no distinction for how old someone has to be to expect to be paid fairly for a day’s work.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, Anthropology, Archbishop of York John Sentamu, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Religion & Culture, Theology

(CT) Light for Electricians: How Christians Bring Hope to Business

Denver’s business community took notice of [Karla] Nugent because of her philanthropy. As leader of sales, marketing, and human resources, she’s created a culture of generosity at Weifield. The company donates to more than 30 nonprofits in the city, including organizations that support women, veterans, at-risk youth, and the urban poor. Employees join in the generosity as well, taking bike rides to raise money for MS and building houses for Habitat for Humanity on company time.

In 2014, Nugent won the Denver Business Journal’s Corporate Citizen of the Year Award as well as the award for Outstanding Woman in Business for architects, engineers, and construction.

But light began to flood into Weifield when, several years ago, Nugent decided to bring the community’s needs into the company. After seeing growing income inequality in Denver, she created the Weifield Group apprenticeship program.

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Parish Ministry, Religion & Culture, Stewardship, Theology, Urban/City Life and Issues

(NPR) Subsidized apartments for young adults, a growing homeless demographic in Cities

It’s normal for millennials to still live at home these days. But what if you’re a millennial who doesn’t have a home to go back to?

Growing up, Alkeisha Porter, 23, says she didn’t like her mom’s husband and her dad had a drug problem. So at 16, she moved out and became homeless.

“I was basically just house-hopping from friends to some family members. Hey, it was comfortable to me. It wasn’t cold. I wasn’t sleeping outside,” she says.

Young people ”” 18- to 24-year-olds ”” make up one of the fastest-growing homeless populations in the country. In many big cities like New York, Los Angeles and San Francisco, where housing is at a premium, finding affordable housing is especially hard.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Economy, Ethics / Moral Theology, Pastoral Theology, Personal Finance, Poverty, Theology, Urban/City Life and Issues, Young Adults