Category : Economy

(NYT) South Sudan’s Fourth Anniversary Offers Little to Celebrate

For more than 18 months, South Sudan has been torn asunder by a civil war, with towns deserted and in ruins, villages burned to the ground, hundreds of thousands displaced and thousands dead.

But it may not be the battle of arms that poses the most immediate threat to the survival of Mr. Kiir’s government.

It may be the shattered economy.

Western officials say that the government nearly ran out of money in May and that it is being kept afloat only by printing currency at a seemingly unsustainable rate and by a recent loan from a Middle Eastern nation, perhaps Qatar.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --South Sudan, Africa, Anthropology, Defense, National Security, Military, Economy, Energy, Natural Resources, Ethics / Moral Theology, Foreign Relations, History, Pastoral Theology, Politics in General, Sudan, Theology

(Local Paper) Charleston SC rated best destination in U.S. and Canada

Readers of Travel + Leisure ranked Charleston as the No. 1 city to visit in the U.S. and Canada in its 2014 World’s Best Awards announced Wednesday.

Charleston landed the No. 2 slot in the publication’s top 10 list of best cities in the world overall. Kyoto, Japan, took the leading spot by a fraction.

Cities are given numeric scores based on readers’s ratings of sights and landmarks, culture and arts, restaurants and food, people, and value.

“We believe that Charleston encapsulates the authentic travel experience for which Travel + Leisure readers are looking,” said Dan Blumenstock, director of hotel operations of Fennel Holdings and chair of the Charleston Area Convention & Visitors Bureau. “That readers ranked Charleston the best city in the U.S. and Canada is a testament to Charleston’s viability as a world-class destination for travelers.”

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * General Interest, * South Carolina, City Government, Consumer/consumer spending, Corporations/Corporate Life, Economy, Media, Politics in General, Travel

(Telegraph) Shops to trade for longer on Sundays under radical new plans

Shops across the country will be able to stay open for longer on Sundays, George Osborne will announce in this week’s Budget.

The Chancellor will use his first Budget as Chancellor in a majority Tory Government to begin a massive shakeup of Sunday trading laws that currently prevent businesses opening for more than six hours.

He said that “there is still a growing appetite for shopping on a Sunday” and that businesses need the change to ensure that they can compete with online retailers.

Read it all.

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

(AI) Walter Russell Mead–After The “No” Vote, Soft Grexit Landing Now EU’s Best Option

There are, as many European and American writers have been commenting lately, sound geopolitical reasons to prevent the worst from happening in Greece. Migration issues, NATO issues, energy issues, terrorism, Russia: an angry, inflamed, suffering and radicalized Greece on a kind of Venezuelan path to national destruction could make life much more difficult for Europeans and Americans both. These considerations should be enough to command some attention and resources from policymakers on both sides of the Atlantic sufficient to avert worst case scenarios for the Greek people.

For Grexit to be a step forward rather than a step back, Western and Greek leaders need to become more creative and forward-looking. Washington needs to stop bleating platitudes about the evils of austerity and to start thinking hard about bolstering an alliance that remains critical to its global position; Brussels and Berlin need to move beyond anger at Greek tactics to a sober calculation of Europe’s interests; the Greeks need to reflect on the cost of being represented at a grave hour of national crisis by inexperienced politicians who none of their counterparts in Europe trust or respect.

But Brussels and Berlin (and Paris, Rome and Madrid) need to realize something else. Greece’s problems under the euro have been worse than anyone else’s, but Greece is not totally unique. There are deep design flaws in the euro and the common currency has not worked nearly as well as any of its proponents hoped. The discussion over the future of Greece needs to be delinked from the discussion over the future of the euro””but that doesn’t mean that the future of the euro doesn’t need to be discussed.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Foreign Relations, Globalization, Greece, Politics in General, The Banking System/Sector, Theology

(PS) Mark Roe–Europe and Greece on the Brink

…the risks have not been eliminated. The margin for error for the major banks and other financial institutions is narrow. Because they are still not strongly capitalized, modest losses from direct defaults and indirect losses from companies with business in Greece can threaten bank equity, causing bankers to cut back on lending. A few miscalculations in a major institution could have substantial repercussions. Making matters worse, central bankers have only a limited capacity to buoy the economy, as interest rates are still near zero.

The second channel through which risk and loss can spread from Greece is other heavily indebted countries, like Spain and Italy. So far, the financial markets have not panicked over the ability of these countries to repay their bonds. But a shift in the political situation ”“ especially in Spain, where the left-wing Podemos party is doing well in the polls ”“ could change that in an instant.

Finally, a Greek default and exit from the eurozone could unleash unpredictable political forces with a knock-on effect on the European economy. After all, it was the first wave of austerity in Greece that led to the election of Syriza, a left-wing party that few had expected would ever govern.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Foreign Relations, Greece, Politics in General, The Banking System/Sector, Theology

(NPR) Hours From Greek Bailout Vote, 2 Sides Evenly Divided

Greece’s prime minister has put his political clout behind the “no” camp in a referendum to decide whether the country should accept the terms of an international bailout. But the people appear to be evenly split on the issue, according to two new opinion polls.

One survey, conducted by the respected ALCO institute just 48 hours before the referendum that could decide Greece’s economic fate and future in the eurozone, gives the “yes” camp 44.8 percent against 43.4 percent for the “no” side, according to Reuters.

But a second poll, conducted by Public Issue and published in the ruling party’s newspaper, reports a 0.5-percentage-point lead for those opposed to the bailout.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Foreign Relations, Greece, Politics in General, The Banking System/Sector

Are Homeownership and the Middle Class Out of Reach for Millennials?

Nearly seven in 10 millennials, or 69% of those ages 18 to 34, say they have it harder than previous generations in securing a middle-class lifestyle. But the story doesn’t stop at younger Americans feeling they have it harder than older generations. Seventy-seven percent of seniors say that young people today have a harder time achieving a secure middle-class lifestyle compared with their counterparts 20 or 30 years ago. The share of seniors with this view is striking, particularly given that many of them have lived through the Great Depression, World War II, Stagflation, the stock market crash of 1987, and, most recently, the Great Recession.

More than seven in 10 Americans also believe that millennials have it harder when it comes to saving for retirement (81%); owning a home (76%); having a stable, decent-paying job (71%); and having stable, affordable housing (71%).

These are some of the findings from a recent Hart Research survey conducted for the John D. and Catherine T. MacArthur Foundation’s How Housing Matters Initiative. It also found that millennials are concerned about their housing situation and that many have had personal experience with housing distress. This has caused them to re-assess the feasibility of homeownership, with many millennial homeowners considering whether to rent in the future.

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, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Marriage & Family, Personal Finance, Theology, Young Adults

A.S. Haley–Sweet Poetic Justice for TEC Bishop of LA

And now — enter God’s poetic justice. It seems that Bishop Bruno, who is as quick as any Episcopal Church diocesan to recognize a Dennis Canon interest in property when he comes across one, forgot about an earlier reversionary interest in the St. James parish property. It turns out that the original developer of the area, Griffith Company, donated in 1945 the land on which the beautiful St. James building was erected, to the Protestant Episcopal Bishop of the Diocese of Los Angeles, upon “the condition, covenant and restriction” that

The property conveyed shall be used for church purposes exclusively and no building other than a church and appurtenances shall be erected, placed or maintained thereon. The foregoing restriction shall be binding upon the [Bishop], his successors and assigns. Upon the breach of the foregoing condition, the title to said property … shall become at once divested from the [Bishop], his successors and assigns, and shall revert and revest in the grantor [Griffith Company], its successors or assigns.

Thus if Bishop Bruno carries out his plans to sell the property to the current developer, the only thing that developer could do with the property is maintain the existing church building on it (or build a brand-new one). And thus there is no way a developer would pay $15 million for land that is so encumbered.

Read it all.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Economy, Episcopal Church (TEC), Housing/Real Estate Market, Law & Legal Issues, Parish Ministry, Stewardship, TEC Bishops, TEC Conflicts, TEC Conflicts: Los Angeles, TEC Departing Parishes

More from Owen Strachan on Mark Oppenheimer's Deeply disturbing Time piece

What does this show us? Three things, I think.

It shows us that tolerance is over. I’m not breaking new ground here”“but this must be said. Tolerance is dead. Oppenheimer’s piece ran all of two days after the SCOTUS decision on same-sex marriage. He wants to crush those who dare to stand against the fullest possible acceptance of what Harvard professor Harvey Mansfield has called “samesexuality.” Sexuality liberated from any constraints is now a full-blown worldview. This is paganism, 21st-century version. The body is all; sex is all.

The hippies now wear steel-toed boots. The earlier “free love” movement was all about doing what you want”“live and let live. Today’s version of this pagan impulse is militaristic”“live and you better approve. There’s a menace, a fury, in this cultural momentum. There will be no tolerance. There will be no dissent. Churches and organizations that stand bravely against the rushing tide of the late stages of the sexual revolution will be crushed.

It shows us that churches and organizations doing much good are imperiled.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --Civil Unions & Partnerships, America/U.S.A., Economy, Ethics / Moral Theology, Law & Legal Issues, Marriage & Family, Politics in General, Religion & Culture, Sexuality, Taxes, The U.S. Government, Theology

(NYT) Mixed Messages and No Progress in Greek Crisis

In the past few days, Prime Minister Alexis Tsipras of Greece has blown up negotiations with European creditors on staving off default, then retreated and accepted more or less the same terms, only to have European leaders tell him the offer had expired.

Greeks are supposed to vote on a referendum this weekend, but no one there or elsewhere seems sure what they will be asked, or what the consequences will be for voting yes or no.

And European leaders here and in Berlin and Paris have been saying distinct ”” sometimes directly contradictory ”” things about whether there is a bailout deal for Greece still on the table, and whether they want Greece to hold its referendum before they can renew discussions about it.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, Anthropology, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Europe, Foreign Relations, Greece, Politics in General, The Banking System/Sector, Theology

Chicago’s "cloud tax" makes Netflix and other streaming services more expensive

Today, a new “cloud tax” takes effect in the city of Chicago, targeting online databases and streaming entertainment services. It’s a puzzling tax, cutting against many of the basic assumptions of the web, but the broader implications could be even more unsettling. Cloud services are built to be universal: Netflix works the same anywhere in the US, and except for rights constraints, you could extend that to the entire world. But many taxes are local ”” and as streaming services swallow up more and more of the world’s entertainment, that could be a serious problem.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Blogging & the Internet, City Government, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Movies & Television, Personal Finance, Politics in General, Taxes, Theology

Owen Strachan–A Weapon Against the Churches: Mark Oppenheimer Wants the Government to Tax Them

…we should call Oppenheimer’s arguments what they are: societally destructive. He seems to think that churches losing their privileged positions will be just peachy for society, because the government will then step in and execute the same work with extreme competency. His faith in big government is touching, but naive. Consider how the Great Society programs have fared. The government often does a much worse job of distributing funds and targeting local needs than community-specific outfits that must give local account for their operations.

[Also]…we should challenge Oppenheimer on the way he makes his case. He dislikes Scientology. He’s fit-to-be-tied that the group was given a tax-exemption as a religion. But Scientology is quite different from the vast spectrum of American churches. Oppenheimer has used a tiny group at the margins to deny an obvious truth about the myriad groups at the center. Oppenheimer would nuke a thriving continent to vanquish an unwanted mouse.

He also notes the awkwardness of the IRS determining what is and isn’t a church. But instead of dealing with that problem, he doubles down on it, and encourages exponentially greater government involvement to regulate congregations. A most vexing solution, this. His comments on Yale and universities are in truth a screen to hide his real target: churches, particularly those “that dissent from settled public policy on matters of race or sexuality.”

Here we behold the Oppenheimer Project with unveiled face. It isn’t really about redirecting a few odd dollars and cents currently going to religious nutjobs. It’s about smashing into oblivion those who dare to resist the late stages of the sexual revolution. They no longer deserve to thrive, or perhaps even exist, in this country.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --Civil Unions & Partnerships, America/U.S.A., Anthropology, Economy, Ethics / Moral Theology, History, Law & Legal Issues, Marriage & Family, Politics in General, Religion & Culture, Sexuality, Taxes, The U.S. Government, Theology, Theology: Scripture

Al Mohler on the Supreme Court Decision–Everything Has Changed and Nothing Has Changed

We must contend for marriage as God’s gift to humanity ”“ a gift central and essential to human flourishing and a gift that is limited to the conjugal union of a man and a woman. We must contend for religious liberty for all, and focus our energies on protecting the rights of Christian citizens and Christian institutions to teach and operate on the basis of Christian conviction.

We cannot be silent, and we cannot join the moral revolution that stands in direct opposition to what we believe the Creator has designed, given, and intended for us. We cannot be silent, and we cannot fail to contend for marriage as the union of a man and a woman.

In one sense, everything has changed. And yet, nothing has changed. The cultural and legal landscape has changed, as we believe this will lead to very real harms to our neighbors. But our Christian responsibility has not changed. We are charged to uphold marriage as the union of a man and a woman and to speak the truth in love. We are also commanded to uphold the truth about marriage in our own lives, in our own marriages, in our own families, and in our own churches.

We are called to be the people of the truth, even when the truth is not popular and even when the truth is denied by the culture around us.

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, --Civil Unions & Partnerships, America/U.S.A., Economy, Ethics / Moral Theology, Law & Legal Issues, Marriage & Family, Parish Ministry, Politics in General, Religion & Culture, Sexuality, The U.S. Government, Theology

(FT) Gideon Rachman–Europe’s dream is dying in Greece

The danger now is that, just as Greece was once a trailblazer in linking a democratic transition to the European project, so it may become an emblem of a new and dangerous process: the disintegration of the EU. The current crisis could easily lead to the country leaving the euro and eventually the union itself. That would undermine the fundamental EU proposition: that joining the European club is the best guarantee of future prosperity and stability.

Even if an angry and impoverished Greece ultimately remains inside the tent, the link between the EU and prosperity will have been ruptured. For the horrible truth is dawning that it is not just that the EU has failed to deliver on its promises of prosperity and unity. By locking Greece and other EU countries into a failed economic experiment ”” the euro ”” it is now actively destroying wealth, stability and European solidarity.

The dangers of that process are all the more pronounced because Greece is in a highly strategic location. To the south lies the chaos and bloodshed of Libya; to the north lies the instability of the Balkans; to the east, an angry and resurgent Russia.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, Anthropology, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Foreign Relations, Greece, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Politics in General, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology

(Wash. Post) Robert Samuelson–are we currently sowing the seeds of the next financial crisis?

The BIS critique goes like this. Low interest rates have sustained the recovery, but the support is fragile. The economy relies too much on debt, which cannot build forever, and artificially high asset prices (stocks, homes, bonds) may someday tumble from unrealistic levels. A new crisis could be severe because governments have already deployed their standard anti-recession tools: cheap credit and big deficits.

The BIS’s most intriguing point is that a new recession or financial crisis might originate with emerging-market countries: China, Brazil, India, Turkey and the like. Although there has been debt repayment in the United States, the opposite has happened in some emerging-market countries, the BIS says. Private firms have assumed dollar loans worth $3 trillion, even though their “debt servicing capacity .”‰.”‰. has deteriorated.” Will defaults follow?

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Anthropology, Economy, Ethics / Moral Theology, European Central Bank, Federal Reserve, History, Psychology, The U.S. Government, Theology

Abortion, Down syndrome and the throwaway culture: Why the left has to grapple with Pope Francis

Almost on cue, there were three different news stories about abortion and Down syndrome around the time of the encyclical’s release. New blood screening, for instance, has resulted in a 34 percent increase in such abortions in Britain. Just a few days later, a Washington Post guest columnist argued such routine and systematic screening ”” not least because between 67 percent and 92 percent end up aborting ”” constitutes the formal “elimination of a group of people quite happy being themselves” under “the false pretense of women’s rights.” And then there was the story of the truly despicable company stealing the image of a child with Down syndrome for their Orwellian-sounding test kit named “Tranquility.”

You couldn’t ask for a more revealing practice of the throwaway culture Pope Francis so strongly decries. It doesn’t matter that people with Down syndrome are happier than those who are “normal;” our consumer culture’s tendency is to turn everything into a mere object or tool of the market, and when the object or tool is no longer useful, we simply discard it. These children don’t meet the quality-control standards of the consumer, and so the product simply gets thrown out as so much trash.

But one of the central themes of Pope Francis’s encyclical is that all creation has value independent of its value within a consumer culture. In response to my sharing the three stories mentioned above on social media, an old friend sent me a touching e-mail (parts of which are shared here with permission) about her sister with Down syndrome. She remembers that her family was initially sad and worried ”” but now, looking back, “it truly made no sense….”

Read it all from Charles Camosy in the Washington Post.

Posted in * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Anthropology, Children, Consumer/consumer spending, Economy, Ethics / Moral Theology, Health & Medicine, Law & Legal Issues, Life Ethics, Marriage & Family, Other Churches, Pope Francis, Psychology, Religion & Culture, Roman Catholic, Theology

Elem School Students Get Surprise Visit From CEO Dan Price Who Took Pay Cut to Raise Salaries

[Dan] Price dropped his salary from about $1 million to $70,000 in order to increase pay for many of his employees.

In the weeks that have followed, Price has received hundreds of messages ”” some from CEOs who followed suit with similar moves and others from critics who feel the decision will destroy Price’s company.

Of all the notes that he has received, the most striking to Price was a stack of 33 letters ”” delivered by mail ”” from a class of sixth graders at Woodbury Elementary School in Irvine, California.

Read it all.

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

Rod Dreher–Orthodox Christians Must Now Learn To Live as Exiles in Our Own Country

…the Court majority wrote that gays and lesbians do not want to change the institution of marriage, but rather want to benefit from it. This is hard to believe, given more recent writing from gay activists like Dan Savage expressing a desire to loosen the strictures of monogamy in all marriages. Besides, if marriage can be redefined according to what we desire ”” that is, if there is no essential nature to marriage, or to gender ”” then there are no boundaries on marriage. Marriage inevitably loses its power.

In that sense, social and religious conservatives must recognize that the Obergefell decision did not come from nowhere. It is the logical result of the Sexual Revolution, which valorized erotic liberty. It has been widely and correctly observed that heterosexuals began to devalue marriage long before same-sex marriage became an issue. The individualism at the heart of contemporary American culture is at the core of Obergefell ”” and at the core of modern American life.

This is profoundly incompatible with orthodox Christianity. But this is the world we live in today.

Read it all from Time Magazine.

Posted in * Culture-Watch, * Economics, Politics, --Civil Unions & Partnerships, Ecclesiology, Economy, Ethics / Moral Theology, History, Law & Legal Issues, Marriage & Family, Politics in General, Religion & Culture, Sexuality, The U.S. Government, Theology

(Time) Mark Oppenheimer–Now’s the Time To End Tax Exemptions for Religious Institutions

Defenders of tax exemptions and deductions argues that if we got rid of them charitable giving would drop. It surely would, although how much, we can’t say. But of course government revenue would go up, and that money could be used to, say, house the homeless and feed the hungry. We’d have fewer church soup kitchens ”” but countries that truly care about poverty don’t rely on churches to run soup kitchens.

Exemption advocates also point out that churches would be squeezed out of high-property-value areas. But if it’s important to the people of Fifth Avenue to have a synagogue like Emanu-El or an Episcopal church like St. Thomas in their midst, they should pay full freight for it. They can afford to, more than millions of poorer New Yorkers whose tax bills the synagogue and church exemptions are currently inflating.

So yes, the logic of gay-marriage rights could lead to a reexamination of conservative churches’ tax exemptions (although, as long as the IRS is afraid of challenging Scientology’s exemption, everyone else is probably safe). But when that day comes, it will be long overdue. I can see keeping some exemptions; hospitals, in particular, are an indispensable, and noncontroversial, public good. And localities could always carve out sensible property-tax exceptions for nonprofits their communities need. But it’s time for most nonprofits, like those of us who faithfully cut checks to them, to pay their fair share.

Read it all.

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

(First Things) Dominic Bouck–An America Without Churches?

As the Supreme Court prepares to announce its decision on same-sex marriage, religious people are wondering: will we lose our tax-exempt status for our religious institutions? Justice Samuel Alito raised this question during the oral arguments, citing the 1983 Supreme Court case that ruled Bob Jones University could lose its tax-exempt status if it continued to oppose interracial dating and marriage.

The solicitor general, arguing the case for same-sex marriage, responded that it would “depend on how states work out the balance between their civil rights laws.” This sort of reply should do nothing to calm the nerves of those who object to same-sex marriage. When the conscientious objectors become a minority of the voting population, will our rights be protected?

The issue of the tax-exempt status of religious organizations is already a hot topic in some quarters. Those in favor of taxing religious organizations point out the huge financial impact that it would have, anywhere from tens to hundreds of billions of dollars per year.

The confiscation of church property is no new thing.

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Church/State Matters, Economy, Ethics / Moral Theology, Law & Legal Issues, Parish Ministry, Politics in General, Taxes, The U.S. Government, Theology

(Yahoo Finance) Rick Newman–Even After Yesterday's decision, ACA still faces big challenges

….the controversial law still faces a bumpy future. Here are five challenges the ACA will face during the next several years:

Healthcare costs are still too high. As many enrollees are discovering, the “Affordable” Care Act is somewhat misnamed. Healthcare costs continue to rise faster than wages or overall inflation, putting a financial burden even on people who have healthcare. A recent study by the Commonwealth Fund found that 23% of Americans who have healthcare coverage are “underinsured,” meaning their out-of-pocket spending on healthcare is more than 10% of their income in a given year. Deductibles and other out-of-pocket costs have been rising because consumers and businesses have been opting for plans with lower premiums””which usually require the patient to bear more of the cost before 100% coverage kicks in. The irony is that insurance has gotten more affordable, but actual healthcare hasn’t.

The ACA includes several long-term provisions meant to explore ways to lower costs, but they may not be nearly enough to offset other trends pushing costs up, such as the retirement of the baby boomers and the development of expensive new drugs. If Congress ever gets serious about improving the ACA rather that faux-repealing it, cost will be the thing to focus on.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, --The 2009 American Health Care Reform Debate, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Health & Medicine, House of Representatives, Law & Legal Issues, Office of the President, Personal Finance, Politics in General, Senate, Theology

(Telegraph) Archbishop Justin Welby–Capitalism should stop being so self-serving

Capitalism that cannot find £200 for a highly-motivated individual, with good skills, is simply not adequate to the task of creating a stable society.

That hard-working, self-starting man will be on my mind tomorrow, when I take part in the Conference on Inclusive Capitalism in the City of London. This brings together leading figures from business, finance and public policy committed to creating economic systems which will encourage a long-term prosperity that is broadly shared. I am sure I will learn a great deal. I also hope to contribute in a small way, bringing a perspective informed by both economics and theology.

A Christian understanding of inclusive capitalism begins with the nature of God, who in Jesus Christ reached out to include all humanity in salvation. What that looks like for each individual is purpose, calling and a destiny with God. The New Testament teaches us that none of this happens because we are good – in fact, St Paul says in his letter to the Romans that Christ died for us while we were still God’s enemies. It happens because God sought to include all human beings in his love and purpose for them, if they would accept his invitation.

Read it all.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, --Justin Welby, Anglican Provinces, Archbishop of Canterbury, Church of England (CoE), Economy, Ethics / Moral Theology, Parish Ministry, Religion & Culture, Stewardship, Theology

(Census Bureau) Millennials Outnumber Baby Boomers and Are Far More Diverse

Millennials, or America’s youth born between 1982 and 2000, now number 83.1 million and represent more than one quarter of the nation’s population. Their size exceeds that of the 75.4 million baby boomers, according to new U.S. Census Bureau estimates released today. Overall, millennials are more diverse than the generations that preceded them, with 44.2 percent being part of a minority race or ethnic group (that is, a group other than non-Hispanic, single-race white).

These latest population estimates examine changes among groups by age, sex, race and Hispanic origin nationally, as well as in all states and counties, between April 1, 2010, and July 1, 2014.

Even more diverse than millennials are the youngest Americans: those younger than 5 years old. In 2014, this group became majority-minority for the first time, with 50.2 percent being part of a minority race or ethnic group.

Reflecting these younger age groups, the population as a whole has become more racially and ethnically diverse in just the last decade, with the percentage minority climbing from 32.9 percent in 2004 to 37.9 percent in 2014.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Census/Census Data, Economy, Sociology, The U.S. Government, Theology, Young Adults

([London] Times) The Pemberton Case–Same-Sex Marriage: an unholy union for the clergy?

This case comes hard on the heels of an attempt sponsored by Unite to establish that a beneficed parish priest is employed by his bishop or enjoys the status of a worker, thereby paving the way for unfair dismissal and whistleblowing claims. That was roundly rejected by the Court of Appeal in April. Lord Justice Lewison in his judgment sketched the history of the relationship between church and state and more particularly the jurisdiction of royal or civil courts over clergy from the investiture controversy in the 11th century right through to the establishment of the modern ecclesiastical courts. He appears to have accepted the proposition that employment tribunals could determine such questions as an attack on the balance that has been struck. Similar considerations apply to the Pemberton case, although the legal analysis is distinct.

While many will feel sympathy for Canon Pemberton, it should be remembered that even in the secular field, activities outside the workplace can result in a lawful termination of employment, although rarely. It should also be remembered that when ordained as a priest, he not only took an oath of canonical obedience to his bishop but also declared that he would fashion his own life “according to the way of Christ” and to be “a pattern and example to Christ’s people”.

What that amounts to cannot be a matter of private judgment. Plenty of other homosexual priests have at some cost followed the House of Bishops guidance and previous similar utterances from the hierarchy.

Read it all (requires subscription).

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, Anglican Provinces, Church of England (CoE), Economy, England / UK, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Law & Legal Issues, Ministry of the Ordained, Parish Ministry, Religion & Culture, Theology

(NYT) More Americans Are Renting, and Paying More, as Homeownership Falls

In the past, many families like the McDowells, whose household income is almost $100,000 a year, would already be nestled in a starter home, maybe even on the cusp of upgrading to something bigger and more expensive on the profits from their first house.

But even as the market continues to improve ”” sales of existing homes in May increased to their highest pace in six years, the National Association of Realtors reported on Monday, and first-timers make up 32 percent of the buyers ”” it is leaving millions of Americans unwillingly stuck in rental housing.

“It’s more of a new normal,” said Robert J. Shiller, an economics professor at Yale University and a Nobel laureate. “We went through a wrenching experience with the biggest housing bubble and the biggest collapse since 1890. This is an anxious time.”

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

(Vat. Radio) WCC leader urges new ecumenical action on environment, migrants

The General Secretary of the World Council of Churches says Christians must grasp the “unique ecumenical momentum” created by Pope Francis’ new encyclical on the environment. He also believes it’s vital to respond in a more practical and pastoral way to migrants in Europe who are radically changing our “reflection about who is in communion with whom”.

Rev Dr Olav Fykse Tveit was in Rome on Tuesday to attend celebrations marking the 50th anniversary of the Joint Working Group of the Catholic Church and the World Council of Churches. Set up just before the end of the Second Vatican Council, the Group is holding a plenary session in Rome this week to begin its tenth round of ecumenical conversations.

In a message to Rev Fykse Tveit to mark the occasion, Pope Francis said we should be encouraged by the collaboration the Group has promoted, “not only in ecumenical issues, but also in the areas of interreligious dialogue, peace and social justice, and works of charity and humanitarian aid”. But he stressed that despite the many ecumenical achievements, “Christian mission and witness still suffer due to our divisions”.

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Posted in * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ecumenical Relations, Energy, Natural Resources, Ethics / Moral Theology, Globalization, Science & Technology, Theology

(Telegraph) Facial recognition technology: Is Orwell’s fiction our reality?

How is it being used?

Last week, US government agency talks that were intended to create a code of conduct for the technology fell apart. Privacy campaigners walked out of the discussions, claiming that companies and government agencies were unwilling to accept that they must always seek permission before using facial recognition technology to identify someone.

Alvaro Bedoya, from Georgetwon University Law Centre in Washington DC, told New Scientist that “not a single company would support [the principle].”

Uses of the technology are becoming increasingly Orwellian. Tesco plans to install screens that scan customers’ faces, determine their age and gender, and show them a relevant advertisement.

In the United States, a company called Face First offers retailers the ability to “build a database of good customers, recognize them when they come through the door, and make them feel more welcome” (in other words, schmooze the big spenders). The product also sends alerts whenever “known litigious individuals enter any of your locations”. Another company, Churchix, uses facial recognition technology to track congregation church attendance.

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Defense, National Security, Military, Economy, Ethics / Moral Theology, Law & Legal Issues, Parish Ministry, Politics in General, Psychology, Religion & Culture, Science & Technology, Theology

(Local Paper) Charleston chamber of commerce calls for Confederate flag’s removal

The chamber said it believes the flags of the state of South Carolina and the United States of America, representing the sovereignty under which the state of South Carolina exists, should be the only flags displayed at the State House.

“Just as we did in 1999 when the Charleston Metro Chamber led local efforts to remove the flag from atop the Statehouse, we feel that the flag belongs in a place of historical reference,” said Bryan Derreberry, chamber president and CEO. “It is in the interest of all who live and work here that we show our ability to unite under the flag that is representative of everyone.”

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * South Carolina, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Liturgy, Music, Worship, Parish Ministry, Politics in General, Race/Race Relations, Spirituality/Prayer, Theology, Urban/City Life and Issues, Violence

(NC Register) Vatican: Encyclical Aims to Promote Common Good, Not Division

At the June 18 launch of the highly-anticipated encyclical Laudato Si (The Care for Our Common Home), Cardinal Peter Turkson acknowledged a critique that the Church is taking sides on scientifically still-debatable topics such as global warming, pollution, species extinction and global inequality’s impact on natural resources.

“The aim of the encyclical is not to intervene in this debate, which is the responsibility of scientists, and even less to establish exactly in which ways the climate changes are a consequence of human action” he said. Instead, the goal of the document is to promote the well-being of all creation and “to develop an integral ecology, which in its diverse dimensions comprehends ”˜our unique place as human beings in this world and our relationship to our surroundings,” the cardinal said, quoting the encyclical.

“Science is the best tool by which we can listen to the cry of the earth,” Cardinal Turkson said, noting that regardless of the various positions, studies tells us that “today the earth, our sister, mistreated and abused.”

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Posted in * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Globalization, Other Churches, Pastoral Theology, Politics in General, Pope Francis, Religion & Culture, Roman Catholic, Science & Technology, Theology, Theology: Scripture

(ESPN) Panthers owner Jerry Richardson donates $100K for Charleston tragedy

Carolina Panthers owner Jerry Richardson donated $10,000 to each of the families of the nine people killed in Wednesday night’s shooting at a church in Charleston, South Carolina.

The team founder also donated $10,000 to the Emanuel African Methodist Episcopal Church, where the murders occurred during a bible study.

The $100,000 donation was made in a letter sent Friday to the Mother Emanuel Hope fund. The letter was shared by Bakari Sellers, a Democratic member of the South Carolina House of Representatives, on Twitter.

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * South Carolina, Corporations/Corporate Life, Economy, Liturgy, Music, Worship, Parish Ministry, Sports, Stewardship, Theology, Urban/City Life and Issues, Violence