Category : Economy

(Touchstone) William Murchison–Near Prophet: Christopher Lasch’s The Culture of Narcissism

Lasch was not out to define the future, or to shape it either. He was not even, for some extraordinary reason, out to get rich. He had come to describe the cultural carbon clogging the national carburetor. We weren’t going to be made okay by dieting or jogging or protest-marching, or even by opening up our souls. We might, if we paid careful attention to Professor Lasch, become more fully aware of what was afoot in our culture, and what effects it was producing. Light might break through. The rest was up to us.

What was amiss? Much, it seemed. The Culture of Narcissism grew out of Lasch’s earlier study of the modern family, Haven in a Heartless World, in which he had pointed to an alarming decline in the family’s authority. It seemed, on the basis of the more extensive scrutiny supplied in The Culture of Narcissism, that the culture itself was approaching bankruptcy. “Bourgeois society seems everywhere to have used up its store of constructive ideas.”

Liberalism had nothing to offer, said this disillusioned liberal, weary as he was of cultural libertarianism. “Psychological man” had become “the final product of bourgeois individualism,” liberated from past superstitions but seeking the meaning of life. He lives “in a state of restless, perpetually unsatisfied desire.” All of which was congruent with Jimmy Carter’s presidential perceptions. But no White House speechwriter could afford to go where Lasch now led, which was toward arraignment of the “therapeutic” climate that caused Americans to seek “personal well-being, health, and psychic security.”

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Books, Children, Consumer/consumer spending, Corporations/Corporate Life, Economy, History, Marriage & Family, Media, Movies & Television, Psychology, Religion & Culture, Sociology

(AAC) Phil Ashey–The Case of St. James Church, The Facts Speak for Themselves

Update: Video added June 1

Over the years, the Diocese of Los Angeles moved in a more liberal, revisionist direction but some parishes, including St. James, remained faithful. After my father retired in 1985, the vestry of St. James called a young priest from South Dakota to be their new Rector. The Rev. David Anderson and his lovely wife and children came to sunny California from a much different place. However they brought with them the same faith my father and the people of St. James held. Under Father David’s leadership, St. James grew and became an even more vibrant place of ministry and gospel witness. Healing ministries continued to flourish. New ministries were birthed””“Discovery (a kind of in house “Cursillo”) to introduce new members at St. James to discipleship in Christ, outreach to local rescue missions and jails, and a focus on evangelism through pre-marital and baptismal preparation. Many members of St. James were encouraged to participate in the life of the Diocese, to engage different points of view, and to share their Biblical faith in Christ with both truth and grace. As the congregation expanded, so did the building and facilities. Even after Father Anderson retired from St. James in 2004 to lead the American Anglican Council, St. James remained a place of faithful gospel witness in one of the most affluent areas of the country.

It’s with these memories in mind that I was saddened when I heard what The Episcopal Church was planning on doing with St. James. Like hundreds of other parishes, St. James voted to leave The Episcopal Church in the early 2000’s and was subsequently mired in a protracted lawsuit with The Diocese of Los Angeles. After years of fighting in court, the Diocese won the property. At the time, Bishop Jon Bruno said St. James was for those faithful Episcopalians in the Newport Beach area. So it was surprising when I read this Monday that Bishop Bruno and the Episcopal Diocese of Los Angeles had agreed to sell St. James to a real estate developer. It will be bulldozed to the ground to make room for retail boutiques and condominiums, in keeping with the redevelopment of downtown Newport Beach. No provisions have been made for any sacred space for people of faith to replace this sacred space in the heart of the city.

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Economics, Politics, - Anglican: Commentary, Economy, Episcopal Church (TEC), Ethics / Moral Theology, Housing/Real Estate Market, Parish Ministry, Stewardship, TEC Conflicts, TEC Departing Parishes, Theology

(W Post) Robert Samuelson–The tentative US economy

The U.S. economy continues to stumble. It’s creating jobs at a goodly clip, but other aspects of growth are less impressive. Business investment has been lackluster. The housing recovery is improving but remains short of where many economists thought it would be. Consumer spending, representing slightly more than two-thirds of total spending, has been soft. The economy has a tentative quality that repeatedly disappoints forecasts of stronger growth.

My main explanation for this ”” as I’ve argued before ”” is the hangover from the 2008-2009 financial crisis and the Great Recession. These events changed economic psychology, precisely because they were unanticipated and horrific. They transcended the experience of most Americans (that is, anyone who hadn’t lived through the Great Depression). Corporate executives and consumers alike became more defensive; they saved and hoarded a bit more. If a novel calamity struck once, it could strike again. They’d better prepare.

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Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Economy, Ethics / Moral Theology, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology

The Concessionist Gives Advice to a High School graduating+wanting to major in Journalism

Entry level jobs in sales, business, real estate and even some levels of finance have little barrier to entry, it turns out, even though this is where the 1% hide all their children. The fields are only packed with muttonheads and pearl-clutchers from Trinity-Pawling and Loomis Chaffee because they are told how to get there. The rest of us just need to be informed. The point being, you can take a thousand paths to performing journalism, and being literate in the ways of the world is actually a much better path than being literate in journalism. Journalism is easy to learn. The world is much harder.

For instance, have you ever read journalists writing about the media business itself? For the most part, they have literally no idea what they’re talking about. They don’t know how marketing or circulation or advertising sales work; they aren’t familiar with the technology of their own publications; they certainly don’t understand the financing and ownership of their own publications. When their publications or publications they admire fold or are sold or are “sold,” they tend to print the story they are told rather than the story that is obviously true. This happens even at the highest levels; you can see media reporters at the New York Times relaying concepts or ideas or narratives that they don’t actually understand or possibly, if they took a breath, even believe.

Should this happen to you? Say no! And start now! Major in art. Major in finance. Major in chemistry! Major in engineering science! Major in accounting! Major in Russian! Major in statistics! Major in African-American studies! Literally any of those will serve you better in the world””and in journalism””than the undergraduate study of journalism.

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Posted in * Culture-Watch, * Economics, Politics, Economy, Education, Labor/Labor Unions/Labor Market, Teens / Youth, Young Adults

(Local Paper Editorial) Overdue red cards for FIFA

But by themselves, they are not likely to change the culture of the organization, a fact made clear Friday by the re-election of long-standing FIFA President Sepp Blatter. So though he obviously rated the equivalent of a red card (a game-ejecting penalty), he’s still in charge.

Two years ago Mr. Blatter suppressed a critical internal report on evidence of vote buying and other corruption in FIFA, causing the author, former U.S. Attorney for New York Michael Garcia, to resign in protest.

Observers of FIFA have long suspected rampant vote-selling in the choosing of World Cup host nations, such as the surprising decision to award the 2018 tournament to Russia.

The call to play the 2022 World Cup in Qatar was even more stunning.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Globalization, Law & Legal Issues, Personal Finance, Sports, Theology

(W Post Wonkblog) U.S. economy shrinks in first quarter, raising questions about underlying strength

The U.S. economy shrank at an annualized pace of 0.7 percent in the first three months of the year, according to government data released Friday morning, a tumble for a recovering nation that until recently seemed poised for takeoff.

The contraction, the country’s third in the aftermath of the Great Recession, provides a troubling picture of an economy that many figured would get a lift from cheap oil, rapid hiring and growing consumer confidence. Instead, consumers have proved cautious, and oil companies have frozen investment ”” all while a nasty winter caused havoc for transportation and construction and a strong dollar widened the trade deficit.

The numbers released Friday were a revision of earlier figures that had shown GDP growing in the first quarter at 0.2 percent. Markets had since expected the downward revision, in large part because of recent data showing the trade deficit at a 6½-year high.

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Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Federal Reserve, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government, Theology

(ABC Nightline) With Generic Prescription Drug Prices Surging, Families Are Feeling the Squeeze

When Tricia Salese called her local pharmacy for a price check on her next prescription refill, she was stunned when the pharmacist told her the cost of her generic-brand pain medication had gone up again.

Salese, 49, started talking fentanyl citrate, the generic version of Actiq, a powerful painkiller, in 2010, and she takes three doses per day. Back then, she said, the price per dose was 50 cents. Now, the pharmacist told her when she called, it was going to cost her $37.49 per dose.

“I thought $25 [per dose for generics] was a lot. $37 is just– What is this stuff made of? I mean, this is ridiculous,” Salese said.

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Posted in * Culture-Watch, * Economics, Politics, Children, Consumer/consumer spending, Corporations/Corporate Life, Drugs/Drug Addiction, Economy, Ethics / Moral Theology, Health & Medicine, Marriage & Family, Personal Finance, Psychology, Stress, Theology

(Economist) At last, a challenge to the impunity of FIFA

Few arrests can have provoked such Schadenfreude as those of seven senior officials of FIFA, football’s world governing body, early on May 27th at a swish Swiss hotel. The arrests are part of a wide-ranging investigation by America’s FBI into corruption at FIFA, dating back over two decades. The indictment from the Department of Justice named 14 people on charges including racketeering, wire fraud and paying bribes worth more than $150m. They are likely to face charges in a US federal court. As more people start talking in a bid to sauve qui peut, the investigation will with luck reach into every dark and dank corner of FIFA’s Zurich headquarters…

American extraterritorial jurisdiction is often excessive in its zeal and overbearing in its methods, but in this instance it deserves the gratitude of football fans everywhere. The hope must be that FIFA’s impunity is at last brought to an end and with it the career of the ineffably complacent Sepp Blatter, its 79-year-old president, who was nonetheless expected to be re-elected for a fifth term after The Economist had gone to print.

The evidence of systemic corruption at FIFA has been accumulating for years, but came to a head in 2010 with the bidding for two World Cups. When the right to hold the competition in 2022 was won by tiny, bakingly hot Qatar, against the strong advice of FIFA’s own technical committee, suspicions that votes had been bought were immediately aroused. Thanks to two female whistleblowers and the diligent investigative work of the Sunday Times, a wealth of damning evidence was unearthed involving a Qatari FIFA official, Mohamed bin Hammam, who allegedly wooed football bigwigs in Africa with a $5m slush fund.

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Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Globalization, Law & Legal Issues, Personal Finance, Sports, Theology

(CT) Evangelicals Denounce Payday Lending, Join Fight for New Regulations

Opponents of payday lending have a new ally in the fight against predatory lenders: Leaders from the 15.7-million member Southern Baptist Convention (SBC).

“We cannot sit by idly while some of the poorest among us are preyed on by people simply looking for a quick buck with no regard for the devastation they cause in the lives of others,” said Barrett Duke, vice president for public policy and research at the SBC’s Ethics and Religious Liberty Commission (ERLC).

The ERLC is one of the founding members of the newly-formed Faith for Just Lending coalition, which launched earlier this month. Among other members are the Cooperative Baptist Fellowship, the National Baptist Convention USA, the National Association of Evangelicals (NAE), the National Latino Evangelical Coalition, and the PICO National Network.

“While representing distinct institutions with different histories and practices, these faith organizations hold a shared conviction that Scripture speaks to the problem of predatory lending””condemning usury and teaching us to respect the God-given dignity of each person and to love our neighbors rather than exploit their financial vulnerability,” the group stated in a press release. “They believe that just lending is a matter of biblical morality and religious concern.”

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Posted in * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Evangelicals, Law & Legal Issues, Other Churches, Politics in General, Poverty, Religion & Culture, The Banking System/Sector, Theology

(Bloomberg) New Survey From the Fed Shows Exactly Why they are in No Rush to Raise

The Federal Reserve’s report on the economic well-being of U.S. households is out, and it contains one very interesting finding: A decent share of Americans want to work longer hours even without a raise.

The Fed asked non-self-employed workers whether they’d prefer to work more, less, or the same amount that they now work if their hourly wage was unchanged. The goal of the question was to help gauge the amount of underemployment in the economy, according to the report.

Thirty-six percent of respondents said they’d prefer to work more hours at their current wage. Among those who work part time, the share is even higher at 49 percent. The results might help Fed Chair Janet Yellen and her colleagues connect the dots in a labor market that’s still flashing mixed signals.

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Posted in * Culture-Watch, * Economics, Politics, Economy, Ethics / Moral Theology, Federal Reserve, Labor/Labor Unions/Labor Market, Personal Finance, Psychology, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government, Theology

(NYT The Well) Anxious Students Strain College Mental Health Centers

One morning recently, a dozen college students stepped out of the bright sunshine into a dimly lit room at the counseling center here at the University of Central Florida. They appeared to have little in common: undergraduates in flip-flops and nose rings, graduate students in interview-ready attire.

But all were drawn to this drop-in workshop: “Anxiety 101.”

As they sat in a circle, a therapist, Nicole Archer, asked: “When you’re anxious, how does it feel?”

“I have a faster heart rate,” whispered one young woman. “I feel panicky,” said another. Sweating. Ragged breathing. Insomnia….

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Children, Drugs/Drug Addiction, Economy, Education, Ethics / Moral Theology, Health & Medicine, Marriage & Family, Pastoral Theology, Personal Finance, Psychology, Theology, Young Adults

([London] Times) Sepp Blatter must step down and open the way for sweeping changes at Fifa

The FBI director, James Comey, commenting on the arrests in Zurich yesterday of senior Fifa officials, identified rampant, systemic and deep-rooted corruption in the federation. “Undisclosed and illegal payments, kickbacks and bribes became a way of doing business at Fifa,” he said. The raids by both the American and Swiss authorities were cynically welcomed by Mr Blatter’s team as a sign that it was cleaning up its act.

Nothing could be farther from the truth. The decision to award the 2022 World Cup to Qatar, as our sister paper The Sunday Times has diligently exposed, was secured by the rigging and purchase of votes. Despite clear evidence of wrongdoing, Qatar has held on to the cup. An investigation by Fifa’s ethics committee, a body created by Mr Blatter to soothe the many doubts about federation practices, was not published in full to spare the leadership embarrassment. On an almost daily basis, the absurdity of Qatar hosting the cup becomes apparent, from its treatment of construction workers to the extraordinary decision to switch the games to the winter in the midst of the European club season.

The Blatter years have been distinguished by a Machiavellian manipulation of the executive committee and of the broader football voting community.

Read it all (requires subscription) [my emphasis].

Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Globalization, Law & Legal Issues, Politics in General, Sports, Theology

(BBC) The challenges ahead for Nigeria's incoming President Muhammadu Buhari

President Buhari’s to-do list is indeed a long one.

Earlier this month, his deputy, Yemi Osinbajo, said that 110 million out of Nigeria’s population of 170 million were living in “extreme poverty” while the largest chunk of the nation’s wealth was going into the pockets of a small percentage of the population.

This situation has been brought about by the mindless corruption of the past six years, mainly fuelled by a cabal in the oil and gas industry.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Africa, Corporations/Corporate Life, Defense, National Security, Military, Economy, Energy, Natural Resources, Ethics / Moral Theology, Law & Legal Issues, Nigeria, Police/Fire, Politics in General, Terrorism, Theology

(NYT) FIFA Inquiry Yields Indictments; U.S. Officials Vow to Pursue More

United States law enforcement officials declared in forceful terms on Wednesday that their broad investigation of FIFA had only begun and pledged to rid the international soccer organization of systemic corruption.

The Justice Department, F.B.I. and I.R.S. described soccer’s governing body in terms normally reserved for Mafia families and drug cartels, saying that top officials treated FIFA business decisions as chits to be traded for personal wealth. One soccer official took in more than $10 million in bribes, Attorney General Loretta E. Lynch said.

The schemes involving the fraud included the selection of South Africa as the host of the 2010 World Cup; the 2011 FIFA presidential elections; and several sports-marketing deals

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Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Globalization, Law & Legal Issues, Politics in General, Sports, Theology

Bishopscourt, Newcastle sold by Anglican Diocese

The 4,130 square metre Brown Street property housed the city’s successive Anglican bishops until current bishop Greg Thompson chose to reside elsewhere.

The seven bedroom, four bathroom 1929 Bishopscourt is not heritage listed but parts of its grounds are.

Last year, the Anglican Synod gave the greenlight for the Newcastle sale to be considered. At the time Bishop Greg Thompson asked the Synod to consider “the economics of having this property, the suitability of it as the home of the Bishop and family, and the historic sentiment of previous bishops who lived within it.”

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, Anglican Church of Australia, Anglican Provinces, Australia / NZ, Economy, Ethics / Moral Theology, Housing/Real Estate Market, Parish Ministry, Religion & Culture, Stewardship, Theology

(AP via local paper) High-cost, skimpy health insurance next big campaign issue for Democrats

A different health care issue has emerged for Democrats, in sync with the party’s pitch to workers and middle-class voters ahead of next year’s elections.

It’s not the uninsured, but rather the problem of high out-of-pocket costs for people already covered.

Democrats call it “underinsurance.”

Read it all.

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

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --The 2009 American Health Care Reform Debate, America/U.S.A., Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Health & Medicine, House of Representatives, Labor/Labor Unions/Labor Market, Law & Legal Issues, Office of the President, Personal Finance, Politics in General, Senate, Theology

(WSJ) A New Push Ties Cost of Drugs to How Well They Work

Express Scripts Holding Co. , a large manager of prescription-drug benefits for U.S. employers and insurers, is seeking deals with pharmaceutical companies that would set pricing for some cancer drugs based on how well they work.

The effort is part of a growing push for so-called pay-for-performance deals amid complaints about the rising price of medications, some of which cost more than $100,000 per patient a year.

Some insurers and prescription-benefit managers are pushing back by arguing that they should pay less when drugs don’t work well in certain patients. Drug companies are countering with pricing models of their own, such as offering free doses during a trial period.

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

(WSJ) Criminals Stole Taxpayer Data Via IRS Web Service

The Internal Revenue Service said identity thieves used its online services to obtain prior-year tax return information for about 100,000 U.S. households, a major setback for the agency that is charged with safeguarding taxpayers’ privacy.

The IRS said criminals used stolen Social Security numbers and other specific data acquired from elsewhere to gain unauthorized access to the tax agency accounts. About 100,000 more attempts were unsuccessful, the agency said.

Thieves used the information from prior years’ returns to help them file for fraudulent refunds, the IRS said.

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Posted in * Culture-Watch, * Economics, Politics, Blogging & the Internet, Defense, National Security, Military, Economy, Ethics / Moral Theology, Law & Legal Issues, Personal Finance, Science & Technology, Taxes, The U.S. Government, Theology

Facts About the National Cemetery Administration

”¢ NCA currently maintains approximately 3.4 million gravesites at 131 national cemeteries, one national Veterans’ burial ground and 33 soldiers’ lots and monument sites in 40 states and Puerto Rico.

Ӣ Approximately 473,000 full-casket gravesites, 124,000 in-ground gravesites for cremated remains, and 154,000 columbarium niches are available in already developed acreage in our 131 national cemeteries.

”¢ There are approximately 20,500 acres within established installations in NCA. Nearly 57 percent are undeveloped and ”“ along with available gravesites in developed acreage ”“ have the potential to provide approximately 6.3 million gravesites.

Ӣ Of the 131 national cemeteries, 73 are open to all interments; 17 can accommodate cremated remains and the remains of family members for interment in the same gravesite as a previously deceased family member; and 41 will perform only interments of family members in the same gravesite as a previously deceased family member.
Yellowstone National Cemetery, NCA’s newest National Veterans Burial Ground serving Veterans in rural Montana, is open also to all interments.

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Death / Burial / Funerals, Economy, Military / Armed Forces, Parish Ministry, The U.S. Government

(CNBC) Study: 41 percent expect no Social Security benefits

Americans have major doubts about the financial health of Social Security.

A new survey by Pew Research Center finds that 41 percent of Americans think there will be no Social Security benefits for them when they retire and nearly a third expect reduced levels of benefits. (Tweet This)

Some of those fears may be overblown. “People who think they will get zero benefits from Social Security are wrong and they should look at the facts,” said Andy Landis, a former claims representative for the Social Security Administration (SSA) and author of “Social Security: The Inside Story.”

There are concerns that benefits may be reduced, however.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Aging / the Elderly, America/U.S.A., Budget, Economy, Ethics / Moral Theology, Personal Finance, Politics in General, Psychology, Social Security, The U.S. Government, Theology

(AP) NFL Teams 'Conspired' to Push Painkillers, Allege Former Players

Hundreds of former players have filed a lawsuit claiming all 32 NFL teams, their doctors, trainers and medical staffs obtained and provided painkillers to players ”” often illegally ”” as part of a decades-long conspiracy to keep them on the field without regard for their long-term health.

The lawsuit reprises some of the allegations made in a federal lawsuit last year on behalf of 1,300 former players against the NFL. That complaint was filed in May, 2014 and dismissed in December by Judge William Alsup of the U.S. Northern District in California. Alsup wrote that the collective bargaining agreement between the league and the NFL Players Association was the appropriate forum to resolve such claims. That decision is being appealed.

The new lawsuit was filed Thursday in the U.S. Northern District of Maryland. It names each NFL team individually as a defendant and lists 13 plaintiffs, including Hall of Fame cornerback Mel Renfro of the Dallas Cowboys and Etopia Evans, the widow of Charles Evans, a running back who played eight years with the Minnesota Vikings and the Baltimore Ravens and retired after the 2000 season. Evans died of heart failure in October 2008 at age 41.

Read it all.

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

Charleston's Fantastic Spoleto Festival Kicks off Today

You can read about it there. Also, please note that this is 10 time mayor Joe Riley’s last one to open: “Mayor Riley helped convince the late composer Gian Carlo Menotti to establish the festival in Charleston almost 40 years ago.”

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * South Carolina, America/U.S.A., Art, City Government, Economy, Europe, Italy, Music, Politics in General, Theatre/Drama/Plays

(Local Paper) Charleston seems certain to reclaim title as S.C.’s largest city soon

Some 239 years after South Carolina lawmakers decided to move the capital from Charleston to Columbia, and more than 65 years after the Capital City’s population eclipsed the Holy City’s, the title of the state’s largest city seems certain to switch back soon.

U.S. Census estimates released Wednesday showed Charleston ”” as well as Mount Pleasant and North Charleston ”” among the state’s fastest-growing cities.

Columbia, not so much, and Charleston’s population might have already eclipsed it ”” even with the Sergeant Jasper emptied out.

The 2015 population estimates ”” to be released at this time next year ”” could place Charleston as South Carolina’s largest city for the first time since World War II.

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Posted in * Culture-Watch, * Economics, Politics, * South Carolina, Census/Census Data, City Government, Economy, Politics in General, State Government, The U.S. Government, Urban/City Life and Issues

(Fortune) Uber wins, GM loses when driverless cars rule the road

In a world of driverless cars, U.S. auto sales would plummet, vehicle ownership falls 50% and opportunities in fleet management, tech and mapping arise.

In a society dominated by self-driving cars, U.S. auto sales might fall 40% and vehicle ownership could drop 50%, forcing entrenched automakers such as Ford Motor Co. and General Motors to adapt or die, according to a Barclays analyst report.

This shift will also create opportunities for tech startups and rental car companies.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, History, Personal Finance, Psychology, Science & Technology, Theology, Travel

Exeter Cathedral facing uncertain future after £12.8m Roman Baths project denied funding

Exeter Cathedral is fighting for its future after it failed to secure multi-million pound funding to uncover the city’s Roman baths.

The £8.7m Heritage Lottery Fund (HLF) bid would have seen the first century bath house, buried under the Cathedral Green, excavated and opened to the public.

But the ambitious plans to create a worldwide tourist attraction were dealt a major blow when the funding body decided not to support the project.

Read it all from the Exeter Express and Echo.

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, Parish Ministry, Pastoral Theology, Religion & Culture, Stewardship, Theology

Religion and Law UK analyzes the Lee v Ashers Baking Co Ltd case from Ireland

The law

“”¦ must protect all. It must protect the rights of the defendants to have and to manifest their religious beliefs but it also recognizes that the rights of the plaintiff not to be discriminated because of his sexual orientation must also be protected. If the plaintiff was a gay man who ran a bakery business and the defendants as Christians wanted him to bake a cake with the words ”˜support heterosexual marriage’ the plaintiff would be required to do so as, otherwise; he would, according to the law be discriminating against the defendants. This is not a law which is for one belief only but is equal to and for all. The defendants are entitled to continue to hold their genuine and deeply held religious beliefs and to manifest them but, in accordance with the law, not to manifest them in the commercial sphere if it is contrary to the rights of others [93 & 94].

As to the defendants’ argument that Article 10 (expression) meant that they could not be compelled to express or commit themselves to a viewpoint or to appear to give support to another’s views, she concluded that what the defendants had been asked to do “did not require them to support, promote or endorse any viewpoint” and did not engage Article 10 ”“ and her view was that, even if she was wrong in that conclusion and Article 10 was engaged, any infringement of the defendants’ rights was justified under Article 10 (2) because they were prescribed by law, necessary in a democratic society and for the protection of the rights of others

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

(FT) Regulators warn of cyber threat to financial stability

US regulators are increasingly concerned about the threat that cyber attacks pose to financial stability after assaults on Sony Pictures and Target highlighted the proliferating range of techniques used by digital raiders.

In a new report on risks to the financial system, regulators also sounded the alarm on risk-taking by institutions searching for higher investment yields, as well as the threat of rising interest rates triggering market volatility.

On cyber security, the annual report from the Financial Stability Oversight Council said “the prospect of a more destructive incident that could impair financial sector operations” was even more concerning than recent breaches that have compromised financial information.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Blogging & the Internet, Corporations/Corporate Life, Credit Markets, Currency Markets, Defense, National Security, Military, Economy, Ethics / Moral Theology, Globalization, Law & Legal Issues, Science & Technology, Stock Market, Theology

(BBC) Judge rules vs. Christian bakery who refused to make pro same-sex marriage embroidered cake

A judge has ruled that a Christian-run bakery discriminated against a gay customer by refusing to make a cake with a pro-gay marriage slogan.

Ashers Baking Company, based in County Antrim, was taken to court by gay rights activist Gareth Lee.

A Belfast judge said, as a business, Ashers was not exempt from discrimination law.

The firm’s general manager said they were “extremely disappointed” by the ruling and are considering an appeal.

Damages of £500 were agreed in advance by legal teams on both sides of the dispute.

Read it all.

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

(BBC) Cystic fibrosis drug offers hope to patients

A “groundbreaking” cystic fibrosis therapy could profoundly improve patients’ quality of life, say doctors.

Patients often die before their 40s as mucus clogs and damages their lungs and leaves them prone to infection.

A major trial on 1,108 patients, in the New England Journal of Medicine, showed a combination of drugs could bypass the genetic errors that cause the disease and may increase life expectancy.

The Cystic Fibrosis Trust said it could “improve the lives of many”.

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Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Drugs/Drug Addiction, Economy, Health & Medicine, Science & Technology

(Telegraph) Baroness Shields to be made internet security minister

Baroness Shields, the former head of Facebook in Europe, is to become the UK’s minister for internet safety and security in the new Conservative government.

The Telegraph understands the American-born entrepreneur turned technology evangelist is to lead the Government’s effort to improve online safety in its war against child pornography.

She will also be involved in the UK’s war on cybercrime and hacking, including the vital area of cybersecurity, with the aim of keeping the general public safe online.

Her appointment, as a Parliamentary under secretary in the Department for Culture, Media and Sport, is part of a push by David Cameron, the Prime Minister, to tackle the problem of illegal child porn online, and to ensure that images of abuse are blocked.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Anthropology, Blogging & the Internet, Children, Consumer/consumer spending, Corporations/Corporate Life, Economy, England / UK, Ethics / Moral Theology, Europe, Foreign Relations, Globalization, Law & Legal Issues, Politics in General, Pornography, Science & Technology, Theology