Category : Economy

(HBR) What Companies Can Do When Work and Religion Conflict

Anticipate staffing needs and factor them into any policy or accommodation discussion in order to identify limits and possible areas of flexibility. The Cargill facility had specific staffing requirements on the assembly line. Other types of business can anticipate staffing and productivity issues, for example, during tax season, earnings reporting, or the holiday retail rush.

Conflict avoidance and ethics aren’t the only reason to work toward solutions to religious accommodations. A recent study shows that workers who feel religiously comfortable in the workplace have higher job satisfaction. And, as Noelle Nelson demonstrates in her book Make More Money by Making Your Employees Happy, higher job satisfaction among employees leads to greater profitability for the employer.

As Cargill and other employers are discovering, faith is a part of the whole person that employers ignore at their peril.

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

A Reflection on Saint Joseph the Worker for his Feast Day

ZENIT spoke with Father Tarcisio Giuseppe Stramare of the Congregation of Oblates of Saint Joseph, director of the Josephite Movement, about Tuesday’s feast of St. Joseph the Worker….

ZENIT: What does “Gospel of work” mean?

Father Stramare: “Gospel” is the Good News that refers to Jesus, the Savior of humanity. Well, despite the fact that in general we see Jesus as someone who teaches and does miracles, he was so identified with work that in his time he was regarded as “the son of the carpenter,” namely, an artisan himself. Among many possible activities, the Wisdom of God chose for Jesus manual work, entrusted the education of his Son not to the school of the learned but to a humble artisan, namely, St. Joseph.

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Posted in * Christian Life / Church Life, * Economics, Politics, Anthropology, Church History, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Theology, Theology: Scripture

An NPR piece on Medical Debt Raining down Pain On Families in Florida

[Robert] Blendon says the poll found that among Floridians who have experienced serious financial problems in the past two years (problems like spending down savings, not being able to afford necessities and racking up credit card debt), 76 percent had health insurance.

Consider the case of Wilson Gamboa ”” one of the Floridians polled.

Gamboa has a black Suzuki C50 motorcycle in his garage. But he hasn’t driven it in two years since his health insurance premiums went up by $50 a month.

“It’s been a while,” says Gamboa. “I start her up regularly ”” you know, just to make sure the wheels keep going and the engine stays lubed ”” but she’s sitting there now.”

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Consumer/consumer spending, Economy, Ethics / Moral Theology, Health & Medicine, Pastoral Theology, Personal Finance, Theology

Andrew Goddard on the Pemberton Case–Clergy Same-Sex Marriage: An Appealing Argument?

The question then is what exactly Jeremy Pemberton is seeking and how it can be justified. If the argument is that the church’s doctrine is in error or that the bishops are in error in their statements and applications of that doctrine then there are means within the church to rectify those errors. To seek for the state to correct the church’s alleged errors ”“ by judging that the bishops are mis-stating its own doctrine or that the substance of that doctrine must be abandoned – is a step which needs to be defended. Yet I have seen no serious defence of this approach. The decision of Canon Pemberton and his supporters to continue to press their case through the courts means they must address this issue of their chosen means to secure their desired end and clarify what they are wanting the court to decide in terms of directing the church in relation to its doctrine and requirements of ministers….
Finally, looking ahead as we draw near the end of the Shared Conversations, this case highlights the difficulty of implementing what some call for under the title of “good disagreement”. If the case is lost then it has been established that the church has a doctrine of marriage which bishops are right to uphold by refusing to issue a licence to someone in a same-sex marriage. The judgment is clear that canonical obedience is “a core part of the qualifying of a priest for ministry within the Church” (para 120) and that Canon Pemberton is obliged to undertake to pay true and Canonical Obedience to the Lord Bishop but that (given its conclusion as to church doctrine), “Self-evidently he is not going to be able to fulfil that obligation or has not done so”¦.and therefore objectively he cannot be issued with his licence” (para 121). Any bishop who therefore issued a licence to someone in a same-sex marriage would therefore be open to legal challenge. Any attempt to allow clergy to enter same-sex marriages would, it appears, need first to redefine the church’s doctrine of marriage. If, however, Jeremy wins his case then, as noted above, no bishop could refuse a licence on the grounds of the priest being in a same-sex marriage.

In other words, if the church keeps it current doctrine of marriage then it will be very difficult to justify licensing clergy in same-sex marriages but if it changes it or somehow declares it has no fixed doctrine of marriage then it will be very difficult to justify refusing a licence to clergy in same-sex marriages given equality legislation. So, even if it were considered desirable, it is therefore hard to see how, given the law, the church could “agree to differ” on this subject in a way that both enabled same-sex married clergy to be licensed and also protected those unable in good conscience to license clergy in same-sex marriages.

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, --Civil Unions & Partnerships, Anglican Provinces, Anthropology, Church of England (CoE), CoE Bishops, Economy, England / UK, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Law & Legal Issues, Marriage & Family, Ministry of the Ordained, Parish Ministry, Pastoral Theology, Religion & Culture, Same-sex blessings, Sexuality, Sexuality Debate (in Anglican Communion), Theology, Theology: Scripture

(Local Paper) Drilling off Southeast coast abandoned

The groundswell of residents who opposed opening the Lowcountry’s offshore waters to drilling for oil and natural gas had help from an unlikely white knight: the Navy.

Federal regulators Tuesday removed the Southeast coast from a proposed final ruling on leasing new areas for the work.

The ruling did open more of the Gulf of Mexico and the Arctic Ocean. It now goes to a 90-day public comment period and must be approved by Secretary of the Interior Sally Jewell.

The decision does not end the leasing process for seismic testing and exploratory drilling, but profit for that work is in fees paid by oil industry companies for the results, and the lease applications are widely expected to be dropped.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * South Carolina, America/U.S.A., Consumer/consumer spending, Corporations/Corporate Life, Economy, Energy, Natural Resources, Ethics / Moral Theology, Military / Armed Forces, Politics in General, Theology

(Sunday Telegraph) Iraq is running out of money to take on ISIS

Just as it is starting to turn the tide against Isil, Iraq is running out of money.

Behind the front lines of the Iraqi desert, where the Nineveh provincial police are training to retake their homes in and around Mosul, they are short of one thing: weapons.

“We have been regrouped here since the fall of Mosul,” said Major Ayman, standing over his line of men in blue uniforms. “We have been waiting here for five months but we have no weapons.”

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Consumer/consumer spending, Corporations/Corporate Life, Defense, National Security, Military, Economy, Energy, Natural Resources, Ethics / Moral Theology, Iraq, Islam, Middle East, Other Faiths, Politics in General, Terrorism, Theology, Violence

(Guardian) The unique role of the church in the battle for financial inclusion

Justin Welby captured the attention of the nation in 2013 when he declared war on Wonga and pledged the support of the church in the fight for financial inclusion. And yet, alongside the positive headlines, a common question emerged in response: what does the church really have to offer to people struggling on low incomes and preyed on by exploitative lenders, except perhaps a some spiritual support and comfort?

The answer has come in the form of the Church Credit Champions Network, a project funded by Lloyds Banking Group that has been piloting in London and Liverpool since the spring of 2014. It helps equip local churches to engage with money and debt issues, and has formed a key part of the task group set up by the archbishop of Canterbury and chaired by former City regulator Sir Hector Sants.

The church has both an unmatched “branch network”, with a presence in every community in the country, and a range of different resources, such as people, money, skills and buildings, which are all potentially of value to credit unions and others seeking to increase access to savings and affordable credit in their communities. The network helps churches to listen and reflect on what is happening within their local community in terms of money and debt, and then trains up clergy and church members as ”credit champions”, ready to take practical action.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, --Justin Welby, Anglican Provinces, Archbishop of Canterbury, Church of England (CoE), Economy, Ethics / Moral Theology, Personal Finance, Religion & Culture, The Banking System/Sector, Theology

(Church Times) MPs vote down Government’s attempt to loosen Sunday-trading laws

The House of Commons has defeated the Government’s attempt to relax Sunday trading restrictions. On Wednesday evening, MPs voted 317 to 286 to maintain the current rules.

Twenty-seven Conservative MPs defied the Government to vote against a proposal to give local authorities the power to extend Sunday trading hours.

They were joined by Labour and the Scottish National Party (SNP), who announced their opposition to the changes on Tuesday, after press reports had earlier suggested they would abstain or vote in favour. Although there are no Sunday trading restrictions in Scotland, and the Government’s plans affect only England and Wales, the SNP argued that allowing seven-day shopping across the UK would lower the premium pay-rates that Scottish workers currently receive for working on Sundays.

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

(Gallup) Americans Name Economy, Government as Top Problems

The economy and dissatisfaction with the government, two issues regularly at the top of Gallup’s monthly most important problem list, rank as Americans’ top issues in March. Mentions of unemployment are in the double digits for a second consecutive month after hitting a seven-year low in January.

The results are based on Gallup’s March 2-6 poll. Beyond the top three problems, at least 5% of Americans mention several other issues. These include immigration, healthcare, race relations, terrorism, the election and the federal budget deficit.

Mentions of the election, at 5%, are not high in an absolute sense, but they are the highest since Gallup began tracking the category in 2001. The prior high was 2% on several occasions, usually shortly after an election took place. Many of the responses in the current survey specifically mention Donald Trump and his role in the election. Those citing the election as the most important problem are primarily independents and Democrats.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Economy, Ethics / Moral Theology, History, Politics in General, Psychology, Sociology, The U.S. Government, Theology

(BBC) Sunday trading defeat for government as MPs reject changes

Plans to overhaul Sunday trading laws in England and Wales have been dropped after they were rejected by MPs.

The Commons opposed proposals to allow councils to extend opening hours by 317 votes to 286, as 27 Tories rebelled.

Ministers had sought to limit the rebellion by promising to trial the changes in 12 areas but said afterwards they would respect MPs’ views.

Critics of the plans said they would “chip away” at Sunday’s special status and put undue pressure on workers.

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, England / UK, Ethics / Moral Theology, History, Parish Ministry, Politics in General, Religion & Culture, Theology

(Time) The Hidden Cost of ”˜Surprise’ Medical Bills

Danny and his wife Linda, who teaches fourth grade at a public school in Canton, Ga., got their health insurance through the state’s Blue Cross Blue Shield plan. Because Danny had torn his Achilles tendon earlier that summer playing basketball, the family had already blown through their $5,000 deductible. Linda’s doctor and their local hospital were both listed as in-network providers, so the Postells didn’t expect they’d have to pay any more out of pocket for Luke’s birth.

But then a stream of mysterious bills started rolling in. Why hadn’t anyone told them there’d be a $1,746 fee for an initial neonatal visit? What is the $240-per-day charge for Luke’s “supervision of care”? Wasn’t this all”“$4,279 in the end”“supposed to be covered by insurance?

Danny, who knew something about medical billing from his work as a pharmacist, quickly discovered the cause. While the local hospital was considered an in-network provider, the neonatal intensive-care unit at that same facility was not. Once Luke was whisked across that invisible line, wham: everything was out of network. “You’d think someone at some point would have told us that,” Danny says.

Read it all (my emphasis) and if necessary another link is there.

Posted in * Culture-Watch, * Economics, Politics, --The 2009 American Health Care Reform Debate, Economy, Health & Medicine, Personal Finance

NYT-After Living Brazil’s Dream, Family Confronts Microcephaly and Economic Crisis

They were young and relishing Brazil’s version of the American dream: buying a car, joining a church, starting a family.

With millions of others, they had climbed into the country’s expanding middle class. They had even moved into California, a neighborhood of strivers who had left the big, impoverished city nearby.

“It was that magical moment when everything seemed possible,” said Germana Soares, 24.

Then, in the sixth month of Ms. Soares’s pregnancy, the couple discovered how quickly their fortunes, like those of their nation, could change. A routine exam showed that their son weighed much less than he should. Doctors worried that he, like hundreds of other Brazilian babies born in recent months, had microcephaly, an incurable condition in which infants have abnormally small heads.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Anthropology, Brazil, Children, Economy, Ethics / Moral Theology, Health & Medicine, Marriage & Family, Pastoral Theology, Politics in General, South America, Theology

(Church Times) Rival campaigns gear up to win over Christians in EU referendum battle

Two rival campaigns have been established to persuade Christians how to vote in the EU referendum.

Christians for Britain has been set up by Canon Giles Fraser, Priest-in-Charge of St Mary’s, Newington, in south London, a former canon at St Paul’s Cathedral and Church Times columnist, and Adrian Hilton, who runs the blog Archbishop Cranmer, to urge a “Leave” vote on 23 June.

Shortly after it came into being, the Very Revd Michael Sadgrove, who retired as Dean of Durham last year, established a group, Christians for the EU, to urge a vote to “Remain”.

Both organisations are, at present, little more than websites and social-media accounts, but they intend to hold public meetings and debates in the build-up to the referendum in June.

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

Deep in debt? Birmingham Alabama Church pays off payday loans for 48 of its members

The Worship Center Christian Church in Birmingham announced during services on Sunday morning that it will pay off the payday loans of 48 people struggling with debt.

Those whose loans are being paid off owe a combined total of more than $41,000 and are paying high interest rates of 36 percent and much higher. Payday loans are unsecured cash advances that people use to make it through to the next payday. Payday loan centers proliferate throughout Alabama.

“It’s kind of a ticking time bomb with high interest rates,” Senior Pastor Van Moody said in an interview after the service. “That’s why many people never get out.”

Those having their loans paid off will be required to undergo financial counseling and attend financial workshops so they don’t get in the same fix again, Moody said.

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Economy, Ethics / Moral Theology, Parish Ministry, Pastoral Theology, Personal Finance, Religion & Culture, Stewardship, The Banking System/Sector, Theology

(NYT) Taking Baby Steps Toward Software That Reasons Like Humans

Richard Socher appeared nervous as he waited for his artificial intelligence program to answer a simple question: “Is the tennis player wearing a cap?”

The word “processing” lingered on his laptop’s display for what felt like an eternity. Then the program offered the answer a human might have given instantly: “Yes.”

Mr. Socher, who clenched his fist to celebrate his small victory, is the founder of one of a torrent of Silicon Valley start-ups intent on pushing variations of a new generation of pattern recognition software, which, when combined with increasingly vast sets of data, is revitalizing the field of artificial intelligence.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, History, Science & Technology, Theology

Margaret Heffernan: on Courage, Gayla Benefield+The dangers of "willful blindness"

…in Libby, Montana, there’s a rather unusual woman named Gayla Benefield. She always felt a little bit of an outsider, although she’s been there almost all her life, a woman of Russian extraction. She told me when she went to school, she was the only girl who ever chose to do mechanical drawing. Later in life, she got a job going house to house reading utility meters — gas meters, electricity meters. And she was doing the work in the middle of the day, and one thing particularly caught her notice, which was, in the middle of the day she met a lot of men who were at home, middle aged, late middle aged, and a lot of them seemed to be on oxygen tanks. It struck her as strange. Then, a few years later, her father died at the age of 59, five days before he was due to receive his pension. He’d been a miner. She thought he must just have been worn out by the work. But then a few years later, her mother died, and that seemed stranger still, because her mother came from a long line of people who just seemed to live forever. In fact, Gayla’s uncle is still alive to this day, and learning how to waltz. It didn’t make sense that Gayla’s mother should die so young. It was an anomaly, and she kept puzzling over anomalies. And as she did, other ones came to mind.

Read it all; cited by yours truly in the morning sermon.

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

(Bloomberg View) Justin Fox–Why Aren't More Americans Working?

The second chart paints a gloomy picture — the picture that Donald Trump may be referring to when he says the true unemployment rate is 40 percent or higher. A 59.8 percent employment-to-population ratio means that 40.2 percent of American civilians 16 and over don’t have jobs. That percentage includes high-school students, 100-year-olds and lots of other people who don’t want or need jobs, so the true unemployment rate clearly isn’t 40 percent. Still, in April 2000 the employment-to-population ratio peaked at 64.7 percent. Now it’s significantly lower. What’s going on?

The answer that I keep gravitating to is that despite the 4.9 percent unemployment rate, the job market is still pretty weak, and probably malfunctioning in some way. This isn’t the only possible answer. In 2014, for example, two economists at the Federal Reserve Bank of New York divided people responding to the Census Bureau’s Current Population Survey (from which the unemployment rate and the charts in this article are derived) into 280 cohorts defined by “birth, sex, race/ethnicity, and educational attainment.” They determined that most of the decline in the employment-to-population ratio since 2000 could be explained by the changing makeup of the population.

But demographics aren’t destiny.

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Posted in * Economics, Politics, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, The U.S. Government, Theology

Chick-fil-A Offering Free Ice Cream for Families Who Turn Off Their Phones

Chick-fil-A is offering free ice cream to families who silence their phones and place them inside a box known as a “cell phone coop” for the entire meal.

The so-called challenge is available at more than 150 of the chain’s locations.

“We really want our restaurant to provide a sense of community for our customers, where family and friends can come together and share quality time with one another,” Brad Williams, a Chick-fil-A operator in Suwanee, Georgia, said in a statement. Williams is responsible for the coop.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --Social Networking, America/U.S.A., Blogging & the Internet, Children, Consumer/consumer spending, Corporations/Corporate Life, Dieting/Food/Nutrition, Economy, Ethics / Moral Theology, Marriage & Family, Pastoral Theology, Science & Technology, Theology

Susan Dynarski:USA has a dropout crisis-60%go to college these days, but just 50% graduate with a BA

The United States has a dropout crisis. Sixty percent of people go to college these days, but just half of the college students graduate with a bachelor’s degree. Some people earn a shorter, two-year associate’s degree. But more than a quarter of those who start college drop out with no credential.

Despite the rising cost of education, a college degree is one of the best investments that a young person can make. In 2015, median earnings among workers aged 22 to 27 with a bachelor’s degree were $43,000, compared with $25,000 for those with just a high school diploma. Over a lifetime, a person with a bachelor’s degree typically earns $800,000 more than someone who has completed only high school, even after netting out tuition costs.

The financial prospects for college dropouts are poor, for two reasons. First, dropouts earn little more than people with no college education. Second, many dropouts have taken on student loans, and with their low wages, they have difficulty paying off even small balances. Dropouts account for much of the increase in financial distress among student borrowers since the Great Recession.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Economy, Education, Ethics / Moral Theology, History, Personal Finance, Theology, Young Adults

A [London] Times profile of Whitechapel Bell Foundry, in continuous operation since 1570

It’s an improbable sight, but the Whitechapel Bell Foundry still stands on east London’s busy Whitechapel Road, an island in an area all but obliterated in the Second World War. Moreover, it is a business that has been fighting for survival for years, centuries even, and in a high-tech, ever more competitive world is still going strong. It’s no more than what you’d expect from a company that has been in continuous operation since 1570 and claims the title of Britain’s oldest manufacturer.

Alan Hughes’s family has run what is one of only two remaining bell foundries in the UK for four generations. “In its early years,” he says, “there was very little by way of continuity of ownership. The company changed hands frequently, usually staying with one family for just one generation.”

He can be forgiven for having little sympathy for businesses that have seen profits crumble because of something as recent as the arrival of the internet. His sector peaked in the 18th century, shrank and then levelled off again before sinking into steady decline for the past hundred or so years.

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, Corporations/Corporate Life, Economy, England / UK, Ethics / Moral Theology, History, Labor/Labor Unions/Labor Market, Liturgy, Music, Worship, Parish Ministry, Religion & Culture, Theology

(CEN) Christian groups are split over planned June EU Referendum

AS THE EU Referendum was officially announced on Saturday rival Christian groups have entered the debate setting out their cases.

Co-Chair of Christians for Britain, Giles Fraser, Tweeted: The ”˜In campaign seems to be little more than we’d be a few quid better off. Tawdry. Sovereignty and democracy shouldn’t be for sale.”

The ecumenical ”˜Christians4Britain’ website, launched earlier this month, says it is a cross-party campaign representing British Christians who believe an EU exit would be better for Britain.

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

(C of E Comm Blog) Edward Mason–Preparing for a low-carbon future

We’ve been at the heart of the ”˜Aiming for A’ engagement initiative, which successfully filed shareholder resolutions at the BP and Shell AGMs last year. These companies were keen to work with us and our partners, and recommended that shareholders approve the resolutions. The companies are now legally required to step up their reporting of their strategic response to the challenges ”“ and opportunities ”“ posed to their businesses by climate change. This was an excellent example of what investors and companies can achieve when they work together. On the back of similar engagement, Aiming for A has filed more resolutions in the UK mining sector for this year’s AGMs which have been received by the companies in the same spirit.

Sadly, not all companies are responding constructively to the urgent need to mitigate climate change. We’ve been working with the New York State pension fund in the US to file a resolution at ExxonMobil in the United States. Rather than working with us to provide the reporting that institutional investors require, Exxon have gone to the US regulator ”“ the Securities and Exchange Commission ”“ to try to get the resolution struck off so that shareholders do not get the opportunity vote on it at Exxon’s AGM later this year. This week New York State have written to the SEC to ask them to deny this request, and to make sure that shareholders can indicate to Exxon’s board their desire for fuller reporting on the implications of climate change policy.

We are extremely disappointed that even after the Paris climate change agreement ExxonMobil has contested the relevance of the resolution we have co-filed.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Corporations/Corporate Life, Economy, Energy, Natural Resources, England / UK, Ethics / Moral Theology, Foreign Relations, Globalization, Law & Legal Issues, Politics in General, Religion & Culture, Stock Market, Theology

(WSJ) How ISIS' Secret Banking Network Prospers

More than a year of U.S.-led airstrikes and financial sanctions haven’t stopped Islamic State from ordering supplies for its fighters, importing food for its subjects or making quick profits in currency arbitrage.

This is because of men such as Abu Omar, one of the militant group’s de facto bankers. The Iraqi businessman is part of a network of financiers stretching across northern and central Iraq who for decades have provided money transfers and trade finance for the many local merchants who shun conventional banks.

When Islamic State seized control of the region in 2014, the world’s wealthiest terror group made him an offer he decided not to refuse: You can keep your business if you also handle our money.

“I don’t ask questions,” said Abu Omar, whose money-exchange offices in the Iraqi cities of Mosul, Sulimaniyah, Erbil and Hit charge as much as 10% to transfer cash in and out of militant territory””twice normal rates. “Islamic State is good for business.”

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Economy, Globalization, Islam, Middle East, Other Faiths, Terrorism

(USA Today) James KA Smith–Colleges should cut the Love Boat competition and focus on education

Here’s a radical idea: What if we contained the mission of our universities to education? The story behind the story of student debt inflation is the inflation of the university into an expanding behemoth of goods and services that have little to do with education and more to do with expectations of coddled comfort. Rather than being an institution centered on education, the university now aspires to be a total institution that meets every felt need. The campus is now a sprawling complex of fitness centers and cineplexes, food courts and gargantuan coliseums. Students aren’t taking out loans to pay for an education; they’re effectively borrowing money to pay exorbitant, short-lived taxes for the privilege of living in a scripted, cocooned city.

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Posted in * Culture-Watch, * Economics, Politics, Economy, Education, Ethics / Moral Theology, Personal Finance, Theology, Young Adults

(LA Times) Tim Cook's stance on privacy could define his Apple legacy

Unlike his predecessor Steve Jobs, Apple Chief Executive Tim Cook has never shied away from taking a political and social stand.

He was the first head of a Fortune 500 company to come out as gay. He pledged to one day donate his personal fortune to charity, and he talks passionately about the importance of social justice, diversity and the environment.

But it’s his hard-line stance on privacy that could define his legacy at Apple and set the tone for the way big corporations deal with big government at a time when so much of our lives unfold on the devices we use every day.

How far Cook is willing to take the fight is being tested on a national level now. He ramped up the debate Wednesday when he publicly and vehemently opposed a federal judge’s order to provide access to encrypted data on an iPhone belonging to the terrorist couple who killed 14 people in San Bernardino last year.

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Posted in * Culture-Watch, * Economics, Politics, Corporations/Corporate Life, Defense, National Security, Military, Economy, Ethics / Moral Theology, Law & Legal Issues, Science & Technology, Terrorism, Theology

Do not Take Yourself Too Seriously Dept–A Conference Call in Real Life

Watch it all–so on target its painful!

Posted in * Culture-Watch, * Economics, Politics, --Social Networking, Blogging & the Internet, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Pastoral Theology, Psychology, Science & Technology, Theology

(Telegraph) Anthony Evans-Pritchard This is a global stock market rout worth celebrating

We toiling workers can allow ourselves a wry smile. For most of the last eight years the owners of wealth and inflated assets have had things their own way, while the real economy has been left behind.

The tables are finally turning. The world may look absolutely ghastly if your metric is the stock market, but it is much the same or slightly better if you are at the coal face.

The MSCI index of world equities has fallen almost 20pc since its all-time high in May of 2015, implying a $14 trillion loss of paper wealth. Yet the world economy has carried on at more or less the same anemic pace, and the OECD’s global leading indicators show no sign that it is suddenly rolling over now.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Asia, China, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Energy, Natural Resources, Ethics / Moral Theology, Euro, Europe, European Central Bank, Federal Reserve, Foreign Relations, Globalization, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Personal Finance, Politics in General, Stock Market, The U.S. Government, Theology

(Bloomberg) Credit cards are an addiction that most Americans never shake

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Economy, Ethics / Moral Theology, Personal Finance, Psychology, Religion & Culture, Theology

(FT) Michael Bloomberg says he is eyeing 2016 run for the White House

Michael Bloomberg, the billionaire media owner and former New York mayor, has stated for the first time that he is considering a run for US president, a move that would dramatically reshape the 2016 race for the White House.
Speaking to the Financial Times, the founder of the eponymous financial information group criticised the quality of the debate in the ”‹presidential ”‹race. He said ”‹that ”‹he was “looking at all the options” when asked whether he was considering putting his name forward.

“I find the level of discourse and discussion distressingly banal and an outrage and an insult to the voters,” Mr Bloomberg said in an interview, before adding that the US public deserved “a lot better”.

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, Economy, History, Office of the President, Politics in General

(CP) Quebec Anglican diocese looks to secure future through ethical investing

There are a lot of empty pews in the Anglican Diocese of Quebec’s churches, but the treasury is fuller than it has been in years.
As shrewd investing is replacing weekly parishioner offerings as a main revenue source, the diocese is looking to ethical investment to build its portfolio in a socially responsible way that better reflects its values.
In December, the diocese completed the process of selling off its $1.72 million in fossil fuel investments and the $525,000 it had invested in gold and copper mining. In doing so, it added its name to the growing list of organizations that have chosen to divest from oil and gas over climate change concerns.
Bishop Dennis Drainville says the next step for the Quebec Anglicans is an investing shift to renewable energy.

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