Category : Economy

(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.

Read it all.

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

(NYT Beliefs) More Married Couples, Same-Sex and Straight, Are Sharing the Job of Pastor

Cathy Rion Starr and Heather Rion Starr, the ministers of the Unitarian Society of Hartford since last summer, were reminiscing recently about a conversation early in their friendship, before they had become either romantic partners or co-workers.

“We had some colleagues in common, who were a same-sex couple serving a congregation in California,” Heather Rion Starr said on Tuesday in the office they share at the church. “And I think I said something about, ”˜So-and-so and so-and-so are starting a co-ministry ”” what do you think about that?’ And you said, ”˜Oh I would never want to do that. I would never want to spend that much time with someone.’ ”

“And now here we are,” Cathy Rion Starr said of the church, which will hold the couple’s installation ceremony on Sunday.

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, Labor/Labor Unions/Labor Market, Marriage & Family, Ministry of the Ordained, Parish Ministry, Pastoral Theology, Religion & Culture, Sexuality, Theology

(Bloomberg) The Canadian Economy Might Not Be Able To Ride America's Coat Tails This Time

Emanuella Enenajor, Canada and U.S. economist at Bank of America Merrill Lynch, has some bad news for the Canadian economy.

In light of the collapse in oil prices, she says, Canada is relying on a resurgent U.S. economy in order to provide a boost to exports and spur investment in activities that aren’t related to commodities.

Lofty oil prices have helped foster investment and employment growth in Canada as well as domestic consumption by making imports less expensive. For that reason, the Canadian dollar is often referred to as the petro-loonie since the key role oil plays in the nation’s terms of trade is typically reflected in currency fluctuations. With the price of oil falling recently, the pressure is on for Canada and it doesn’t look like the country will be getting much help from its Southern neighbor.

Notwithstanding the fact that economic activity in the U.S. has routinely disappointed so far this year, Enenajor concludes that a pick-up in U.S. growth wouldn’t be a panacea for Canada.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Canada, Economy, Energy, Natural Resources, Ethics / Moral Theology, Foreign Relations, Politics in General, Theology

A S Haley–The Episcopal Church: Undermining the USA from Within

In my previous post, I detailed the sordid story by which the Episcopal Church (USA) has gotten into the debt collection business. Refugees designated to migrate to the United States are advanced travel money by an arm of the U.S. State Department. They land here, and are placed in the hands of (among other agencies) Episcopal Migration Ministries (EMM), which helps them relocate into specific communities, find jobs, and settle in. Then EMM sees that they repay their travel advances to the Government, and pockets one-quarter of its debt collection proceeds for its trouble.

It’s a nifty racket, and ensures that annually over $300,000 comes into the Episcopal Church’s coffers, to help with its bottom line. Meanwhile, the U.S. Government reimburses EMM for all of its other refugee relocation expenses, to the tune of some $14 million annually.

Now thanks to our good friend and frequent commenter El Gringo Viejo, your Curmudgeon has been pointed to this illuminating video message, which tells “the rest of the story,” so to speak. It turns out that a good portion of the refugees EMM is assisting are not just any refugees, but are Muslims from some of the countries to which America has sent troops, bombs or both: Somalia, Afghanistan, Iraq and (soon) Syria. Listen to Ann Corcoran as she explains what she discovered…

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Defense, National Security, Military, Economy, Episcopal Church (TEC), Foreign Relations, Islam, Muslim-Christian relations, Other Churches, Other Faiths, Politics in General, Religion & Culture, The U.S. Government, Theology

Archbishop Welby welcomes training for churches to help people in debt

Archbishop Justin Welby said: “Helping people to get out of debt, and freeing them from the anxiety and exploitation that often goes with being in debt, is part of the Church’s commitment to human flourishing.

“I welcome this new training resource to help local churches play a vital role in encouraging people to seek assistance earlier and to make use of the many free debt advice services that are available.”

Read it all and take a look at the video.

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

(Globe and Mail series on Canada's Debt Binge) A house-rich couple confronts a looming cash crunch

Vicky and Sandhya Bhardwaj are expecting their first child in August. Once their son arrives, the couple will be living dangerously close to their financial edge.

Mr. Bhardwaj’s entire paycheque ”“ he earns $73,000 a year ”“ goes toward the mortgage payments on the four-bedroom, five-and-a-half bathroom Mississauga house they bought in 2011 for $747,000. Mrs. Bhardwaj’s salary of $55,000 covers everything else, from utilities, groceries, and gas and insurance on their cars, to the interest on their two lines of credit and credit card.

“I’ve made a spreadsheet of our expenses ”¦ and right now, we are $1,000 a month short for what we will need to live on, once my wife is on mat leave,” says Mr. Bhardwaj, 39.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Anthropology, Canada, Children, Consumer/consumer spending, Economy, Ethics / Moral Theology, Housing/Real Estate Market, Marriage & Family, Pastoral Theology, Personal Finance, Theology

(Local paper) Volvo cites worker training, Port of Charleston in decision to locate in S.C.

The deciding factors in Volvo’s decision to build its first North American manufacturing plant near tiny Ridgeville ”” population 2,000 or so ”” have by now become a familiar economic development tune: a nearby seaport that’s efficient and quality workforce training.

It’s what convinced Daimler AG in March to build a campus in North Charleston that will make the company’s popular Sprinter vans. On Monday, Lex Kerssemakers, CEO of Volvo’s American operations, said the Swedish automaker was lured to South Carolina by the same song.

“One of the main criteria is accessibility overseas,” Kerssemakers said, explaining why Volvo chose the spot along Interstate 26 in Berkeley County, about 30 miles from the Port of Charleston. “And we think we will get a good pool of workers. We can make use of an already established recruiting and training program. That makes us feel very confident.”

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * South Carolina, Anthropology, Corporations/Corporate Life, Economy, Education, Ethics / Moral Theology, Foreign Relations, Labor/Labor Unions/Labor Market, Politics in General, Science & Technology, State Government, Theology

(FT) London: a global city viewed with mistrust by the electorate

Ever since the “big bang” deregulation of Britain’s financial markets enacted by Margaret Thatcher in 1986, the UK has followed a liberalising trajectory that was accompanied by a public enthusiasm for wealth more commonly associated with the US.

During that time, London grew into a global financial centre that has become the favoured residence of the world’s super rich. By a wide margin, it now boasts more billionaires per head than any city in the world. But this election has raised the question of whether British attitudes towards wealth and the wealthy are now shifting.

The campaign has aired popular frustration over inequality and affordable housing, the bashing of bankers and growing resentment towards a London that other Brits regard as a distant haven of rapacious hedge funds. The common thread seems to be a suspicion that what is good for the rich may not be so good for everyone else.

“There is no doubt the political rhetoric has changed ”” above all from the Labour leadership,” said Ben Rogers, director of the Centre for London think-tank.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Corporations/Corporate Life, Economy, England / UK, Ethics / Moral Theology, Globalization, History, Law & Legal Issues, Politics in General, Psychology, Stock Market, The Banking System/Sector, Theology, Urban/City Life and Issues

(NYT) Tom Brady’s Legacy as One of the Best Takes a Hit

The result was released on Wednesday: a 243-page investigative report, which included a 68-page scientific report and appendices. But, truthfully, all of it could have been boiled down to a single sentence: Tom Brady ”” one of the most accomplished N.F.L. quarterbacks ever ”” is more probably than not a cheater.

Nobody called Brady a cheater directly in the report ”” gathering direct proof of his involvement was hampered partly by his refusal to hand over his text messages and emails ”” but the investigation did find that “it is more probable than not that Brady was at least generally aware of the inappropriate activities.”

Just as it is more probable than not that the Patriots just can’t seem to follow the league’s rules.

Read it all.

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

(Seattle Times) Banking on faith: Cost-sharing ministries offer Obamacare alternative

When Melissa Mira suffered sudden heart failure at the end of her second pregnancy last year, she worried first about her health and her baby ”” then about the more than $200,000 in medical bills that began rolling in.

“Your world is just crashing down around you and you wonder: ”˜How is this going to be covered?’”‰” recalled Mira, 30, who spent more than a month away from her Tacoma home, hospitalized at the University of Washington Medical Center.

For Mira and her family, the answer came not through traditional health insurance, but through faith that fellow Christians would step forward to pay the bills.

The Miras ”” including daughter Jael, 4, and baby Sienna Rain, now a healthy 9-month-old ”” are among the growing numbers of people looking to “health care-sharing ministries” across the U.S.

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, --The 2009 American Health Care Reform Debate, Anthropology, Children, Economy, Ethics / Moral Theology, Health & Medicine, Law & Legal Issues, Marriage & Family, Parish Ministry, Pastoral Theology, Personal Finance, Religion & Culture, Stewardship, Theology

In 2012, 20-somethings had children at the slowest pace of any generation in US history

That the Great Recession of 2007-09 made Americans have fewer kids is no surprise, but a new study shows how big the toll was.

Birth rates for U.S. women in their 20s dropped more than 15% between 2007 and 2012, just before and after the recession, the Urban Institute, a nonpartisan policy research group, said in a new analysis of data from the Centers for Disease Control & Prevention released Tuesday.

Among Hispanic 20-somethings, the birth rate dropped 26%. Non-Hispanic blacks? 14%. By contrast, non-Hispanic white 20-somethings saw an 11% decline.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Children, Economy, Ethics / Moral Theology, Health & Medicine, History, Marriage & Family, Psychology, Sociology, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology, Young Adults

(FT) White House no longer sees anything special in UK relations

Britain’s nail-biting election, and the fragile coalition government it seems likely to produce, are confirming many of Washington’s worst fears about the country’s dwindling influence in the world.

Once the US’ most reliable ally, the UK is now seen as a distant player in the crisis over the Ukraine and the euro, has introduced swingeing cuts to its military and recently rebuffed Washington by joining a China-led bank.

On top of that, the Obama administration is waking up to the prospect that the next government in London could be even more inward-looking as it grapples with Britain’s membership of the European Union and strong support for Scottish independence.

US officials say they still value close intelligence and military ties with the UK, but at times sound almost dismissive about the current British government’s reluctance to play a bigger role in the world.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Defense, National Security, Military, Economy, England / UK, Ethics / Moral Theology, Foreign Relations, Globalization, History, Politics in General, Theology

Google honours working classes with a creative doodle for World Labour Day

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Blogging & the Internet, Economy, Globalization, History, Labor/Labor Unions/Labor Market

(New Inquiry) Rob Horning–Pinterest and the Acquisitve Gaze

In “The Consuming Vision,” an essay about novelist Henry James, of all things, Jean-Christophe Agnew argues that the consumerist culture emerging in James’s time was a “world constructed by and for a consuming vision,” an “imagined world ”¦ in which imagination itself strives to gild, glaze, and ultimately commodify its objects.” This consuming vision becomes hegemonic in a world that comes to be seen as made entirely of commodities. “What modern consumer culture produces,” Agnew argues, “is not so much a way of being as a way of seeing ”” a way best characterized as visually acquisitive. In short, modern consumer culture holds up the cognitive appetite as the model and engine of its reproductive process.”

Agnew points out that the churn of markets assures that these sorts of characteristics are never stable in any given commodity or experience. Consumerism posits such meanings as free-floating, redeployable, highly contingent and not intrinsic to a good’s use value. (Soap might make me objectively clean, but will it make me feel clean, which is ultimately more important?)

Thus those meanings are always socially determined to a degree, and always require further labor to affix them to goods. Advertising has traditionally served the purpose of attaching the affective associations with products; social media now enlists the members of one’s social networks to assist in this process. We aid in the building of such ad hoc associations between feelings and goods (we are “prosuming,” making our consumption productive of symbolic meaning by broadcasting it), but this serves also to reinforce that the overall sense that the meanings are applied and withdrawn at social whim.

Pinterest is geared toward stimulating this acquisitive appetite for images without sating it.

Read it all (Hat tip: The Browser).

Posted in * Culture-Watch, * Economics, Politics, * General Interest, --Social Networking, Blogging & the Internet, Consumer/consumer spending, Economy, History, Photos/Photography, Psychology

(C of E) National Investing Bodies seeking to witness the transition to a low carbon economy

The Church Commissioners and The Church of England Pensions Board have today announced the £12million divestment from thermal coal and tar sands.

From today neither body, nor the CBF Church of England funds, will make any direct investments in any company where more than 10% of its revenues are derived from the extraction of thermal coal or the production of oil from tar sands.

This announcement coincides with the adoption of a new climate change policy recommended by the Church’s Ethical Investment Advisory Group (EIAG) that sets out how the three national investing bodies (NIBs) will support the transition to a low carbon economy.

Read it all.

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

(C of E) Court of Appeal upholds freedom of clergy to be office holders

The Bishop of Worcester, the Rt Revd Dr John Inge said: “We are delighted that the Court of Appeal has taken this view of the matter. There has been considerable consultation with the clergy on this issue as well as discussions at General Synod, and clergy have consistently said that they don’t wish to change their status as office holders. To become employees, clergy would lose the freedoms which are at the heart of the Church’s ministry and this is not something that they want to give up.

It is regrettable that UNITE fails to understand the context in which parish clergy exercise their ministry whilst the Church seeks to uphold the freedoms enjoyed by its clergy.”

Read it all.

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

(FT) US inflation expectations scale highs for the year

Several widely-watched gauges of US inflation expectations have climbed to their highest levels this year, as oil prices regain their footing and some investors bet that the Federal Reserve will be slow in quelling any price pressures.

The US 10-year “breakeven” rate measures the market’s expectations of average inflation over that time by comparing the yields of conventional US Treasuries maturing in 10 years and Treasury Inflation Protected Securities, or Tips.

The 10-year breakeven has shot up from a low of 1.53 per cent in mid-January to 1.92 per cent on Monday, the highest since November 2014. The five-year breakeven rate has risen to 1.71 per cent, the highest since September, while the two-year is at its highest since July 2014.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Economy, Federal Reserve, History, Psychology, The U.S. Government

A ltr in response to the Bp of Niagara on selling Guelph property for residential development

As a Christian who has been living in Guelph for more than 35 years, I know from experience the impact that the Christian community has had. When this work is combined with the efforts of the other faith-based groups, there is no equal that can be found anywhere.

Certainly our city government could never fill this gap. That is why I believe Bishop Bird has confused community planning with the continuation of the Anglican Church’s role when he wrote, “We seek to serve the spiritual needs of citizens and care for those who are most vulnerable through collaborative and compassionate outreach initiatives.” That is community planning.

If a religious organization truly believes this, then they must consider it when selling property once it is no longer of use to the denomination that owns it.

Read it all from the Guelph Record.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, Anglican Church of Canada, Anglican Provinces, Canada, Economy, Housing/Real Estate Market, Religion & Culture, Urban/City Life and Issues

The Bishop if Niagara on selling Guelph property for residential development

To date, we have been relatively silent about the concerns raised by local residents in large part because of our contractual agreement with the proposed developer. But more to the point, our Diocese is in the business of nurturing and building spiritual communities in the Anglican tradition, not in the business of urban planning. For this reason we have been encouraging those with concerns to be in dialogue with the City of Guelph and the developer, both of whom have expressed a willingness to engage in substantive conversation.

For this reason, I strongly disagree with the editorial board’s characterization that there are villains in this story. The Diocese, the developer, members of city council, concerned citizens and others are each playing a role in what has become a very thorough planning process. I continue to have every confidence that the needs and well-being of Guelph citizens will be of primary concern. I am also heartened that the proposed development has sparked a worthwhile conversation about the importance of public space for community purposes, including religious ones.

Even though the story of this property will be different going forward, our ministry ”” both with the re-envisioned St. Matthias community and all our area parishes ”” will continue to further God’s loving purposes throughout the Royal City.

Read it all from the Guelph Record.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, Anglican Church of Canada, Anglican Provinces, Canada, Economy, Housing/Real Estate Market, Religion & Culture, Urban/City Life and Issues

(ABC Aus.) Court hears about financial failings within Anglican Diocese of Bathurst

The management board of the debt-ridden Anglican Diocese of Bathurst in western New South Wales has admitted huge loans weren’t properly examined before being approved.

The Commonwealth Bank is suing the Anglican Diocese of Bathurst for outstanding debts of $40 million dating back to 2007.

The diocese is being sued in the Supreme Court in Sydney and is responsible for roughly a third of all Anglican parishes across the state ranging from Bathurst to Bourke.

The actions of three governing groups within the diocese are being examined about their roles in the massive debt.

Read it all.

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, Law & Legal Issues, Parish Ministry, Stewardship, The Banking System/Sector, Theology

(Economisi Bad Delong) What Has Happened to the Middle Class, Anyway?

One thing going on is that the major lifestyle and utility improvements of the past generation”“really cheap access to communication, information, and entertainment”“are overwhelmingly available to pretty much everyone. On the one hand, this means that recent economic growth assessed in terms of individual utility and well-being is much more equal then when assessed in terms of income. On the other hand, it means that access these benefits seems much more like simply the air we breathe then as a marker of class status, or achievement.

Thus a loss of the ability to securely attain enough of economic security to firmly hold the indicators of what past generations saw as middle-class life shows itself as a loss. And those who focus on security rather than on utility do not see these as offset buy the information revolution.

Read it all and please note it is a follow up to this article previously posted.

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

GoFundMe Shuts Down Campaign for Christian Bakers Asked to Pay $135,000 Fine

Fundraising site GoFundMe has closed the account that was set up to raise money for Aaron and Melissa Klein, Christians and former owners of a bakery in Gresham, Oregon, who were ordered by a judge Friday to pay a fine of $135,000 for declining to bake a wedding cake for a lesbian marriage ceremony.

“After careful review by our team, we have found the ‘Support Sweet Cakes By Melissa’ campaign to be in violation of our Terms and Conditions,” Oregon Live quoted the site as saying in a statement.

“The money raised thus far will still be made available for withdrawal. While a different campaign was recently permitted for a pizzeria in Indiana, no laws were violated and the campaign remained live. However, the subjects of the ‘Support Sweet Cakes By Melissa’ campaign have been formally charged by local authorities and found to be in violation of Oregon state law concerning discriminatory acts. Accordingly, the campaign has been disabled,” it added.

The account had received $109,000 when the site blocked it.

Read it all from the Christian Post.

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

Posted in * Culture-Watch, * Economics, Politics, --Civil Unions & Partnerships, --Social Networking, Blogging & the Internet, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Marriage & Family, Politics in General, Psychology, Religion & Culture, Sexuality, Theology

(Observer) Bp David Walker–I want leaders who look on migrants with compassion

Twenty-first-century Britain still aspires to be an international player. We may no longer be kingmaker across large swaths of the globe, but we like to see our influence, and our military assets, being used to destabilise and engineer the removal of some of the more unpleasant dictators who strut the world stage.

To go on doing this, in the belief that next time round what will ensue will be a peaceful, human-rights observing, multi-party democracy is getting us close to the classic definition of madness.

The moral cost of our continual overseas interventions has to include accepting a fair share of the victims of the wars to which we have contributed as legitimate refugees in our own land.

Ironically, all the evidence is that families who come and make their homes in Britain, as asylum seekers and through the free movement of European citizens, add to our wealth, increase job opportunities for all and are not a net drain on housing, healthcare or other public resources. The positive case for a steady level of inward migration into the UK is economic as well as moral.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, Anglican Provinces, Anthropology, Church of England (CoE), CoE Bishops, Economy, England / UK, Ethics / Moral Theology, Europe, Foreign Relations, Immigration, Law & Legal Issues, Politics in General, Religion & Culture, Theology

(WSJ) Is the World Awash in too Much of Everything?

The global economy is awash as never before in commodities like oil, cotton and iron ore, but also with capital and labor””a glut that presents several challenges as policy makers struggle to stoke demand.

“What we’re looking at is a low-growth, low-inflation, low-rate environment,” said Megan Greene, chief economist of John Hancock Asset Management, who added that the global economy could spend the next decade “working this off.”

The current state of plenty is confounding on many fronts. The surfeit of commodities depresses prices and stokes concerns of deflation. Global wealth””estimated by Credit Suisse at around $263 trillion, more than double the $117 trillion in 2000””represents a vast supply of savings and capital, helping to hold down interest rates, undermining the power of monetary policy. And the surplus of workers depresses wages.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, --Social Networking, Anthropology, Blogging & the Internet, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Globalization, Politics in General, Psychology, Science & Technology, Theology

(FT) Gillian Tett–Will cyber attacks switch off the lights?

A couple of months ago I lost my mobile phone. I duly called AT&T, my telephone company, to order a replacement ”” and received a nasty shock.

“So you are living in Shanghai,” an assistant announced, quoting an entirely unfamiliar Chinese address. Baffled, I explained that I didn’t live anywhere near the Bund; my residence was in Manhattan, New York.

“No, you live in Shanghai,” the voice firmly replied. When I protested vociferously, the AT&T official pronounced the three words that we have all come to dread: “You’ve been hacked.” Somebody, somehow, had managed to break into the AT&T systems and switch my cellphone billing address from New York to Shanghai. Presumably, they were Chinese.

Read it all.

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

Anna Sutherland–Should we not ensure that the tax and welfare system doesn't punish marriage?

Few people will pity the dual-earner couples earning more than $100,000 and paying a penalty for being married. But at a time when lower-earning couples are struggling to get by and less likely than ever to be reaping the benefits of marriage for themselves and their children, more should be done to ensure that the tax and welfare system doesn’t punish them for tying the knot.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Economy, Ethics / Moral Theology, Marriage & Family, Politics in General, Taxes, Theology

(Mirror) Jesus would pay a living wage and so should the government, says Archbishop of York

It’s a myth to suggest people on benefits must be scroungers. Most people in poverty in the UK are working. Of the children living in poverty, 61% have working parents.

When the Living Wage is introduced, everyone ­benefits. Morale goes up.

When work feels ­worthwhile, its quality improves. Raising pay to a living wage would reduce the benefits bill, increase tax receipts and boost the economy by stepping up workers’ spending power.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, Anglican Provinces, Archbishop of York John Sentamu, Church of England (CoE), Corporations/Corporate Life, Economy, England / UK, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Politics in General, Religion & Culture, Theology

(RNS) World Bank launches interfaith push to eliminate extreme poverty

The World Bank is teaming up with global religious leaders in a 15-year effort to end extreme poverty by 2030.

About 35 religious groups worldwide, including Bread for the World, Islamic Relief International, the Religious Action Center of Reform Judaism and Sojourners, endorsed the call to action. Supporters include Christians, Jews, Muslims, Baha’is and others.

“Our approach to this staggering need must be holistic, rooted in the spiritual visions of our respective faiths, and built on a shared recognition of the intrinsic dignity and value of every life on Earth,” the call said.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Economy, Ethics / Moral Theology, Globalization, Poverty, The Banking System/Sector, Theology

(Telegraph) Ambrose Evans-Pritchard–Oil slump may deepen as US shale fights Opec to a standstill

The US shale industry has failed to crack as expected. North Sea oil drillers and high-cost producers off the coast of Africa are in dire straits, but America’s “flexi-frackers” remain largely unruffled.

One starts to glimpse the extraordinary possibility that the US oil industry could be the last one standing in a long and bitter price war for global market share, or may at least emerge as an energy superpower with greater political staying-power than Opec.

It is 10 months since the global crude market buckled, turning into a full-blown rout in November when Saudi Arabia abandoned its role as the oil world’s “Federal Reserve” and opted instead to drive out competitors.

If the purpose was to choke the US “tight oil” industry before it becomes an existential threat – and to choke solar power in the process – it risks going badly awry, though perhaps they had no choice. “There was a strong expectation that the US system would crash. It hasn’t,” said Atul Arya, from IHS.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, Africa, America/U.S.A., Economy, Energy, Natural Resources, Ethics / Moral Theology, Foreign Relations, Middle East, Politics in General, Saudi Arabia, South America, Theology, Venezuela

(HBR) Becoming Powerful Makes You Less Empathetic

Take the case of former Charlotte, North Carolina, mayor Patrick Cannon. Cannon came from nothing. He overcame poverty and the violent loss of his father at the age of 5. He earned a degree from North Carolina A&T State University and entered public service at the age of 26 ”” becoming the youngest council member in Charlotte history. He was known for being completely committed to serving the public, and generous with the time he spent as a role model for young people.

But last year, Cannon, 47, pleaded guilty to accepting $50,000 in bribes while in office. As he entered the city’s federal courthouse last June, he tripped and fell. The media was there to capture the fall, which was symbolic of the much bigger fall of an elected leader and small business owner who once embodied the very essence of personal achievement against staggering odds. Cannon now has the distinction of being the first mayor in the city’s history to be sent to prison. Insiders say he was a good man, but all too human, and seemed vulnerable as he became isolated in his decision-making. And while a local minister argued that Cannon’s one lapse in judgment should not define the man and his career of exceptional public service, he is now judged only by his weakness ”” his dramatic move from humility and generosity to corruption. And that image of Cannon tripping on his way into court is now the image that people associate with him.

What can leaders do if they fear that they might be toeing the line where power turns to abuse of power? First, you must invite other people in. You must be willing to risk vulnerability and ask for feedback. A good executive coach can help you return to a state of empathy and value-driven decisions. However, be sure to ask for feedback from a wide variety of people. Dispense with the softball questions (How am I doing?) and ask the tough ones (How does my style and focus affect my employees?).

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