Category : Economy

(NY Times) U.S. Is Escalating a Secretive War in Afghanistan

As an October chill fell on the mountain passes that separate the militant havens in Afghanistan and Pakistan, a small team of Afghan intelligence commandos and American Special Operations forces descended on a village where they believed a leader of Al Qaeda was hiding.

That night the Afghans and Americans got their man, Abu Bara al-Kuwaiti. They also came away with what officials from both countries say was an even bigger prize: a laptop computer and files detailing Qaeda operations on both sides of the border.

American military officials said the intelligence seized in the raid was possibly as significant as the information found in the computer and documents of Osama bin Laden in Abbottabad, Pakistan, after members of the Navy SEALs killed him in 2011.

In the months since, the trove of intelligence has helped fuel a significant increase in night raids by American Special Operations forces and Afghan intelligence commandos, Afghan and American officials said.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Afghanistan, Asia, Defense, National Security, Military, Economy, Ethics / Moral Theology, Foreign Relations, Globalization, Politics in General, Science & Technology, Terrorism, The U.S. Government, Theology

(FT) Anglican clerics grapple with controversy surrounding Lord Green

The Conservative party and HSBC are not the only organisations wondering about possible reputational damage from an association with Stephen Green. For the Church of England, whose General Synod met in London this week, he has become a cause of controversy.

Lord Green, an ordained Anglican priest, chaired a report on leadership training for senior clergy that has proved unpopular with some church members, who voiced their concerns at the synod.

“Talent Management for Future Leaders and Leadership Development for Bishops and Deans: A New Approach”, published late last year, has been criticised for its heavily corporate language and for failing to include ordained women or theology academics on its 12-strong panel.

Canon Giles Fraser, priest-in-charge at St Mary’s, Newington, south London, called the report “theologically inept and an insult to the way I work as a parish priest”.

Read it all.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Economics, Politics, Anglican Provinces, Church of England (CoE), Corporations/Corporate Life, Economy, Ethics / Moral Theology, Ministry of the Ordained, Parish Ministry, Stock Market, The Banking System/Sector, Theology

(Ch Times) At C of E General Synod, Cash requested to combat the ”˜doomsday machine’

Breaking the rules on borrowing from the future is necessary to stave off the “existential crisis” of ever-declining congregations, members of the General Synod were told this week.

The First Church Estates Commissioner, Andreas Whittam Smith, said on Tuesday that for 20 years the Church Commissioners had “religiously” maintained the value of their endowment, so that the same lump sum would always be available for future generations.

But the “doomsday machine”, by which C of E membership falls year on year as the deaths of older churchgoers is not matched by the arrival of younger people, meant that the Commissioners’ rule on intergenerational equity needed to be broken.

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, Ethics / Moral Theology, Parish Ministry, Religion & Culture, Stewardship, Theology

(CT) InterVarsity Victory in Sex Discrimination Case Is Good News for All Parachurch Ministries

InterVarsity Christian Fellowship (IVCF) can set and enforce hiring practices based on its Christian faith, the Six Circuit Court of Appeals ruled on Thursday. Grounded heavily in the precedent set by the US Supreme Court’s significant Hosanna-Tabor decision in 2012, the verdict maintains that IVCF could legally fire an employee headed for divorce.

In 2013, Alyce Conlon, a former spiritual director at IVCF, filed a lawsuit challenging her firing. She was put on paid leave in 2011 after informing her supervisor she was considering divorce, and terminated that December for what she alleges was “failing to reconcile her marriage.” (Her husband filed for divorce the following month.) Conlon claimed that two of her male colleagues in similar situations had not received the same treatment.

“Because IVCF is a religious organization and Conlon was a ministerial employee, IVCF’s decision to terminate her employment cannot be challenged under federal or state employment discrimination laws,” ruled the court. “It matters not whether the plaintiff is claiming a specific violation under Title VII or any other employment discrimination statute.”

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Economy, Education, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Law & Legal Issues, Marriage & Family, Religion & Culture, Theology, Theology: Scripture, Young Adults

(FT) UK credit union membership doubles to 1.5m in a decade

…Mr McKillop stresses that credit unions are only an alternative to payday lenders, not a competitor. “The model of very short-term lending is not good as a form of financial help. So though many credit unions can make instant loans, they will look at your finances and see if this is a one-off, a way for you to get back on top of your money.”

Last June, Justin Welby, the archbishop of Canterbury, launched a scheme to promote credit unions in churches and train volunteers to give financial advice. Martin Groombridge, chief executive of London Capital Credit Union, said it “definitely raised our profile”. Piloted in London and Liverpool, the scheme is set to be introduced around the UK in about a year, potentially marketing credit unions to hundreds of thousands more people.

The Rev Paul Collier, vicar at Copleston church and community centre in Peckham, south London, said debt and payday loans came up as a big concern in his conversations with local organisations, schools and other faith communities. “The older members of our congregation were educated by their parents to avoid debt at all costs, but many have seen their children getting into deep trouble,” he said.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, --Justin Welby, Anthropology, Archbishop of Canterbury, Children, Economy, England / UK, Ethics / Moral Theology, Law & Legal Issues, Marriage & Family, Personal Finance, Religion & Culture, The Banking System/Sector, Theology

(BBC) Big UK firms face crisis of trust, business lobby group says

Big UK firms face a “crisis of trust” and the next government must prioritise better ethics, a lobby group has said.

In a survey, the Forum of Private Business (FPB) found that over three-quarters of respondents think big firms put profits before ethical standards.

Tax avoidance, treatment of suppliers, and late payment were all areas of concern, the ComRes poll of 2,000 people found.

Politicians must stand up for people who play by the rules, the FPB said.

Read it all.

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

Sunday Afternoon Diversion–Google's new Ad "it takes two" using Unusual Animal combos

Watch it all-just so well done.

Posted in * Culture-Watch, * Economics, Politics, * General Interest, Animals, Blogging & the Internet, Consumer/consumer spending, Corporations/Corporate Life, Economy, Media, Science & Technology

(FT) Washington urges eurozone leaders to compromise with Athens

The Obama administration is pushing eurozone leaders to compromise more with Athens as fears grow that a protracted stand-off could damage the global economy, say senior EU and US officials.

The US lobbying comes amid mounting concern in Brussels and Washington about the hardline stand taken by some eurozone governments, particularly Germany, that Greece must press on with budget-cutting commitments made under its existing €172bn bailout regardless of last month’s election, which brought anti-austerity party Syriza to power .

“This is a conversation we’re having with people,” said a senior US official involved in the talks.

“There isn’t a special initiative. I don’t think our attitude has changed but what’s changed is that suddenly the situation in Greece is looking more problematic.”

Read it all.

Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Foreign Relations, Politics in General, Theology

(WSJ) Job Market Looks Ripe for Liftoff

The best three-month stretch of hiring since 1997 has positioned the U.S. labor market to start delivering stronger wage growth for a wider swath of Americans after more than five years of sluggish recovery from a deep recession.

The economy created more than a million jobs over the past three months, with a steady gain of 257,000 in January and sizable upward revisions to prior months’ figures, the Labor Department said Friday. The hiring spree prompted many previously sidelined American workers to begin the job search, causing the unemployment rate to tick up a tenth of a percentage point to 5.7%.

“The economy seems to be moving full steam ahead,” said Sung Won Sohn, an economist at California State University Channel Islands. Following years of lackluster growth, “I think it’s the beginning of a healthy recovery.”

Read it all.

Posted in * Economics, Politics, Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology

(CC) Sharon Miller+Christian Scharen–Paying for seminary: M.Div.’s in debt

Over the past decade, seminaries of all types have witnessed declining enrollments, especially in M.Div.

programs, the primary degree for those heading into parish ministry. Minority enrollment has shown a steady increase, with Hispanic enrollment leading the way (at a growth rate of 50 percent), but the overall trend is down. The slight growth in advanced degree programs (S.T.D., Ph.D., and Th.D.) and some master’s degree programs has also not compensated for the steady decline in enrollment for the M.Div. degree.

Distance education courses grew more than 100 percent over the decade, but enrollment at seminary extension centers began to decrease. It may be that distance education is pulling students away from extension centers. Time will tell if there is any net gain.

The past decade was difficult financially for most theological schools. Church support declined 24 percent from its high in 2006. Individual gifts grew steadily until 2008 but dropped sharply when the recession hit.

One way that schools compensate for this loss of income is to become more dependent on student tuition, and indeed tuition and fees rose steadily over the decade””by as much as 68 percent…

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Children, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Marriage & Family, Ministry of the Ordained, Parish Ministry, Pastoral Theology, Personal Finance, Religion & Culture, Seminary / Theological Education, Stewardship, Theology

Twitter's CEO Admits the Company is Poor at Dealing with Abuse

Twitter CEO Dick Costolo is taking personal responsibility for his platform’s chronic problems with harassment and abuse, telling employees that he is embarrassed for the company’s failures and would soon be taking stronger action to eliminate trolls. He said problems with trolls are driving away the company’s users. “We suck at dealing with abuse and trolls on the platform and we’ve sucked at it for years,” Costolo wrote in an internal memo obtained by The Verge. “It’s no secret and the rest of the world talks about it every day. We lose core user after core user by not addressing simple trolling issues that they face every day.

Costolo’s comments came in response to a question on an internal forum about a recent story by Lindy West, a frequent target of harassment on Twitter. Among other things, West’s tormentors created a Twitter account for her then recently deceased father and made cruel comments about her on the service; West recently shared her story on This American Life and The Guardian.

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, Law & Legal Issues, Media, Psychology, Science & Technology, Theology

Tinder Opens New Era Of Digital Dating; Mobile Dating Apps, Copycats Follow Suit

With the rise of Tinder, mobile digital dating has become a whole new trend. With this, a slew of mobile dating apps and copycats have rushed to fill the niche.

Online dating is not really something new. Sites like eHarmony and OkCupid have long dominated the market. These sites required users to create elaborate online profiles and used algorithms to suggest matches. All this accoutrements, however, have been transformed by the simplicity of Tinder, reports the New York Times.

The app, available for iOS and Android, enables users to scan potential dates based on photos, distance and a short description. To express interest in a potential date, users just swipe right. It is also a cinch to set up, as it uses one’s already established Facebook account.

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, Men, Psychology, Science & Technology, Theology, Women, Young Adults

The Archbishop of Canterbury's speech on 'The Good Economy'

Creativity is a basic human function, and a good economy is one that enables creativity to happen. That is why full employment matters, investment in education is essential, skills development is core, and businesses of all kinds should be given the space to develop and create wealth (and to fail), to create employment and prosperity for the society in which they live, it is a God-given call and function.

The market is an extraordinarily efficient mechanism of distribution in a complex society and hugely liberating of human creativity. No better form of allocation of resources has been found, and the alternatives have always led to inhumanity or even tyranny. At the same time the market cannot create or sustain the shared morality needed to ensure that it works carefully and lovingly at every level.

Adam Smith famously spoke with equal conviction of the dangers of market manipulation as he did of the invisible hand. The experience of 2008 shows that the complexity of human motivation and greed can never be left to the market to deal with. There is no such thing as a level playing field if human beings are involved, and there is no such thing as a fully fair and free market. It doesn’t exist.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, --Justin Welby, Anthropology, Archbishop of Canterbury, Economy, Ethics / Moral Theology, Psychology, Religion & Culture, Theology

Jim Clifton–Let us not be Fooled by the Big Lie about the Employment Situation in America

There’s another reason why the official rate is misleading. Say you’re an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 — maybe someone pays you to mow their lawn — you’re not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.

Yet another figure of importance that doesn’t get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find — in other words, you are severely underemployed — the government doesn’t count you in the 5.6%. Few Americans know this.

There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.

And it’s a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory.

Read it all.

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

Great Piece on Brooklyn NY School Principal Nadia Lopez who inspired a Viral Campaign Worldwide

“Who’s influenced you the most in your life?” “My principal, Ms. Lopez.” “How has she influenced you?” “When we get in trouble, she doesn’t suspend us. She calls us to her office and explains to us how society was built down around us. And she tells us that each time somebody fails out of school, a new jail cell gets built. And one time she made every student stand up, one at a time, and she told each one of us that we matter.” – Vidal Chastanet

When Chastanet, a 13-year-old from the Brooklyn neighborhood of Brownsville, shared his story in late January with a street photographer who has a popular blog on Facebook, little did he know it would generate a million-dollar fundraising campaign to help his middle school offer inspiring programs to its pupils.

After Brandon Stanton featured Chastanet on his photoblog, “Humans Of New York,” the photographer wanted to know more and asked to meet Nadia Lopez, Chastanet’s principal at Mott Hill Bridges Academy.

From their meeting, Stanton began profiling the school, its students and staff as he raised funds online to provide a financial boost to the academy’s mission. That included helping Lopez fulfill a dream of bringing her students to Harvard.

Read (or better watch) it all from NBC.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --Social Networking, America/U.S.A., Blogging & the Internet, Children, Economy, Education, Labor/Labor Unions/Labor Market

(AP) Oligarchs unload Sochi Olympics assets back onto Russian State to recoup investment

Russia had vowed to pay for what became the most expensive Olympics of all time by getting super-rich private investors to take the cost from the state. Instead, as the first anniversary of the games approaches, at least two of those oligarchs are quietly dumping their toxic assets on the state – forcing taxpayers to pick up the bill.

For the oligarchs, it’s a way to recoup billions of dollars as they struggle in an economy battered by plunging oil prices and Western sanctions. For Putin’s critics, it’s evidence of the crony capitalism that shields powerful businessmen from economic pain.

Two key investors have unloaded properties built for the Olympics at a combined cost of $3 billion, a spokesman to Russia’s deputy prime minister confirmed to The Associated Press. The issue is a major headache for Putin, who needs to pay off the oligarchs to keep them happy, while preventing the deals from triggering popular unrest.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Economy, Ethics / Moral Theology, Europe, Politics in General, Russia, Sports, Theology

Deirdre McCloskey–'Beware Those Living in Idleness': On Work, Scarcity and the Image of God

Denys Munby said to me once, “In Heaven there is no scarcity and in Hell there is no choice.” In the created world there are both. The dignity of free will would be meaningless if a choice of one good, such as apples, did not have what the economists call an “opportunity cost” in, say, oranges. If we could have all the apples and oranges we wanted, “living in idleness,” as Paul put it, with no “budget constraint,” no “scarcity,” we would live as overfed pet cats, not as human beings. If we have free will, and therefore necessarily face scarcity, we live truly in the image of God.

Scarcity is necessary for human virtues. Humility, said Aquinas, answers among the Christian virtues to the pagan virtue of great-souledness, or magnanimity, which Aristotle the pagan teacher of aristocrats admired so much. To be humble is to temper one’s passions in pursuing, as Aquinas put it, boni ardui – goods difficult of achievement. To be great-souled – which, in turn, is part of the cardinal virtue of courage – is to keep working towards such goods nonetheless. No one would need to be courageous or prudent or great-souled or humble if goods were faciles rather than ardui.

The virtue of temperance, again, is not about mortification of the flesh – not, at any rate, for Christian thinkers like Aquinas (there were others, descendants of the Desert Fathers, who had another idea). On the contrary, this side of Christianity says, we should admire the moderate yet relishing use of a world charged with the grandeur of God.

It is the message of the Aquinian side of Christian thought that we should not withdraw from the world. On the contrary, as Jesus was, we should be truly, and laboriously, and gloriously human.

Read it all From ABC Australia’s Religion and Ethics website.

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

(Touchstone) Hunter Baker–The Role of Christianity in Peter Drucker's Early Work

Like many, I discovered Drucker through his extensive writings in the discipline of management. But as I read his books, I got little hints that he might be something more than a gifted writer of bestselling business books. Though some credit him with the founding of management as an academic field, and most associate him with such books as The Effective Executive (1967) and Management: Tasks, Responsibilities, and Practices (1973), I noticed that his earlier works, from the 1940s and 1950s, had more expansive titles such as The End of Economic Man and The New Society. I also learned that his academic training was not in management but in law; he had obtained his European doctorate in international law. I began to see Drucker as a social and political thinker as well as an astute business mind. This is, after all, the man who viewed management primarily as a liberal art.

Since making that realization, I have studied his earlier books. Drucker thought a lot about such things as totalitarianism, decentralization, limited government, an American type of conservatism that he thought had special characteristics, social harmony, the impact of mass production on human beings, and other topics. One subject that preoccupied him in those earlier decades was the Christian faith. In an attempt to draw more attention to a somewhat forgotten aspect of the man and his work, I will in what follows identify and discuss some of Drucker’s key themes regarding the Christian faith in relation to society and government.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Africa, America/U.S.A., Anthropology, Books, Consumer/consumer spending, Corporations/Corporate Life, Economy, Education, Ethics / Moral Theology, History, Labor/Labor Unions/Labor Market, Psychology, Theology, Zimbabwe

(PS) Guy Ryder–Labor in the Age of Robots

Fears about the impact of technology on the labor market are nothing new. In the early nineteenth century, a group of English textile workers known as the Luddites worried that new technologies like power looms and spinning frames would cost them their jobs. They protested by smashing the machines.

Today, anxiety that new technologies could destroy millions of jobs is as high as ever. In the midst of a major employment crisis, technology continues to reduce the labor needed for mass production, while the automation of routine legal and accounting tasks is hollowing out that sector of the job market as well. The science of robotics is revolutionizing manufacturing; every year, an additional 200,000 industrial robots come into use. In 2015, the total is expected to reach 1.5 million. Adapting the labor market to a world of increasingly automated workplaces will be one of the defining challenges of our era.

Yet no country can afford to ignore the transformation. Globally, some 200 million people are unemployed, up 27 million since 2008. There is a critical need to anticipate coming technological changes and provide the global workforce with the education and skills needed to participate in the modern labor market.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Anthropology, Economy, Ethics / Moral Theology, Globalization, Labor/Labor Unions/Labor Market, Science & Technology, Theology

(WSJ) Savings at the Pump Are Staying in Wallets

Americans are taking the money they are saving at the gas pump and socking it away, a sign of consumers’ persistent caution even when presented with an unexpected windfall.

This newfound commitment to frugality was illustrated this past week when the nation’s biggest payment-card companies said they aren’t seeing evidence consumers are putting their gasoline savings toward discretionary items like travel, home renovations and electronics.

Instead, people are more often putting the money aside for a rainy day or using it to pay down debt. That more Americans are saving their bounty at the pump comes as a surprise, because the personal savings rate, after rising during and after the recession, has declined steadily over the past two years.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Children, Consumer/consumer spending, Economy, Energy, Natural Resources, Ethics / Moral Theology, Marriage & Family, Personal Finance, Psychology, Theology

S.C. health care committee decision on the ACA 3 years ago could have massive implications

A decision made more than three years ago by a committee that no longer exists might deal a major blow to Obamacare in South Carolina this summer.

That’s when the U.S. Supreme Court will decide if customers who shop on HealthCare.gov can use federal financial aid to lower the amount they pay for insurance. Those customers include 37-year-old Erin Johnson and more than 140,000 other low- to middle-income South Carolinians who already receive those health insurance subsidies.

“If it’s full price, I honestly don’t think I could do it. I really don’t make much,” said Johnson, a medical courier from Goose Creek. She receives a federal discount worth more than $100 and pays only $56 a month for her policy. Before she purchased the plan in October, she was uninsured. “I needed it. It was pretty awesome.”

Read it all from the local paper.

Posted in * Culture-Watch, * Economics, Politics, * South Carolina, --The 2009 American Health Care Reform Debate, Economy, Health & Medicine, Law & Legal Issues, Personal Finance, Politics in General, State Government

(Daily Mail) Dealing with the death of a loved one can lead to a legacy of confusion

Dealing with the death of a loved one can be all consuming and overwhelming.

It’s not just the grief that can leave you shattered ”” but the admin.

You have to pick coffins, book flowers, transport, a church, hymns, an order of service, a venue, music, speeches and food (all within a budget) ”” and that’s just for starters.

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Children, Consumer/consumer spending, Death / Burial / Funerals, Economy, Ethics / Moral Theology, Marriage & Family, Parish Ministry, Pastoral Theology, Religion & Culture, Theology

(GC) Why the Prosperity Gospel Is the Worst Pyramid Scheme Ever

I have a confession.

When I was in college, I read a book by a prominent megachurch pastor. The author told me to live like a child of God. He told me God wanted to bless me. He also mentioned that if I only believed, God would give me the nicest house in the neighborhood. That seemed to make sense.

The author explained that he once wanted the nicest house in the neighborhood, and God gave it to him. Here was a man with evidence. Not only did he have the story about the house, and other anecdotes, he also had a very nice set of white teeth (Ah, supernaturally white, I thought).
This was my first introduction to what is popularly called the “prosperity gospel” or the “health and wealth” gospel. At the time, the logic seemed airtight: “If it worked for him, why shouldn’t it work for me?”

If I had dug a bit deeper, though, I would have seen the actual reason it worked for him and not for me. It’s because the prosperity gospel is a pyramid scheme.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Anthropology, Consumer/consumer spending, Economy, Psychology, Religion & Culture, Theology

(CC) Sam Wells–Business of the kingdom

The New Testament gives us two inspiring calls to transform our relationship to money. Jesus tells a young man, “Go, sell what you own, and give the money to the poor, and you will have treasure in heaven; then come, follow me” (Mark 10:21). The early church had an equally compelling model: “All who believed were together and had all things in common; they would sell their possessions and goods and distribute the proceeds to all, as any had need” (Acts 2:44”“5).

In the imagination of many Christians there’s a perpetual sense that this is what our relationship to money would be like if we were doing it properly. But on closer look, the picture that Acts 2 offers is different from the one seen in Jesus’ words to the rich young man. The rich young man model is about living vulnerably before God and simply following Jesus. The Acts 2 model is about making a collective commitment and finding the activity of the Holy Spirit in the worship and practices of a community. Both models are compelling, but they’re not the same. The two dominant kinds of medieval monasticism””the mendicant friars and the wealthy monasteries””represent these two poles of the ideal of somehow getting money right. But both models turn out to be flawed when translated into a vision for a whole society.

For the most part the church has found these two models too challenging to implement and too disruptive to be sustainable.

Read it all.

Posted in * Christian Life / Church Life, * Economics, Politics, Economy, Ethics / Moral Theology, Parish Ministry, Stewardship, Theology, Theology: Scripture

(NYT Economic Scene) Job Licenses in Spotlight as Uber Rises

One study by Mr. Kleiner and Rubert T. Kudrle of the University of Minnesota suggests that tighter licensing of dentists does not improve the quality of dental health. It does reduce the number of dentists. Crucially, it improves their earnings.

The issue goes beyond teeth. Associations for osteopaths have come out in support of North Carolina’s dental board; so have anesthesiologists, midwives, optometrists and even engineers and surveyors.

Supporting the dental board are the International Conference of Funeral Service Examining Boards, the National Association of State Boards of Accountancy, the Federation of State Massage Therapy Boards and the American Association of Veterinary State Boards.

For them, as for the taxi drivers battling Uber, the most important issue is whether they can maintain a lock on their professions and legally keep competition at bay. But is that a legitimate reason for the public to bear the cost of such cartels?

Read it all.

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

(Local Paper) Feds plan to lease waters off South Carolina for oil and gas exploration

The petroleum industry celebrated the proposal, while complaining that it didn’t go far enough. Environmental groups warned of disaster.

“This represents a significant shift in federal policy and, in my view, a threat to the environment, the economy and the lifestyle of living in the Lowcountry of South Carolina,” said Chris DeScherer, a Charleston-based senior attorney for the Southern Environmental Law Center. “It’s not just the coastal waters, wetlands, and wildlife that depend on them, but the businesses and the tourism industry.”

Erik Milito, director of Upstream and Industry Operations for the American Petroleum Institute, said offshore oil and gas exploration and drilling is much safer today than just five years ago.

“We are now in a new age,” Milito said in a conference call with reporters. “We’ve decreased the risk dramatically.”

Read it all.

Posted in * Economics, Politics, * South Carolina, Consumer/consumer spending, Corporations/Corporate Life, Economy, Energy, Natural Resources, Ethics / Moral Theology, Politics in General, The U.S. Government, Theology

(Bloomberg Busweek) The Car Windshield Is Turning Into a Computer Screen

Cars are running out of screens. The dashboard is a jumble of numbers, icons, indicator lights, and gauges. In some vehicles, the display built into the center console is bigger than our televisions in certain rooms at home. But drivers’ and passengers’ appetite for more information isn’t subsiding, so the dashboard and entertainment console are about to get a companion: the windshield.

At the Detroit auto show, which runs until Jan. 25, you’ll find demonstrations of cars with built-in projectors displaying speed, range, turn-by-turn directions, and other crucial data along the bottom of the windshield. Head-up displays””developed to keep fighter pilots’ eyes on the sky rather than on the instruments in the cockpit””have existed in some form for cars since at least the 1980s, but they’ve mostly functioned as a novelty for high-end clientele. In the past year, however, HUD technology has made its way into some Mazdas and Priuses as a way to manage information overload for everyday drivers.

Automakers have been adding a flood of information designed to keep drivers safe””some requested by customers, others mandated by governments””but it risks having the opposite effect. As weird as it sounds, projecting text and graphics onto the windshield may be less distracting to drivers than forcing them to look down at cluttered in-car screens””or worse, their mobile phones. A HUD, which sits within the driver’s line of sight, would be free of “check engine” and “change oil” lights, and only display the alerts a driver might need at any given moment. Hyundai, Toyota, and General Motors expect the HUD to go mainstream very soon.

Read it all.

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

(Economist) Education and class–America’s new aristocracy

WHEN the candidates for the Republican presidential nomination line up on stage for their first debate in August, there may be three contenders whose fathers also ran for president. Whoever wins may face the wife of a former president next year. It is odd that a country founded on the principle of hostility to inherited status should be so tolerant of dynasties. Because America never had kings or lords, it sometimes seems less inclined to worry about signs that its elite is calcifying.

Thomas Jefferson drew a distinction between a natural aristocracy of the virtuous and talented, which was a blessing to a nation, and an artificial aristocracy founded on wealth and birth, which would slowly strangle it. Jefferson himself was a hybrid of these two types””a brilliant lawyer who inherited 11,000 acres and 135 slaves from his father-in-law””but the distinction proved durable. When the robber barons accumulated fortunes that made European princes envious, the combination of their own philanthropy, their children’s extravagance and federal trust-busting meant that Americans never discovered what it would be like to live in a country where the elite could reliably reproduce themselves.

Now they are beginning to find out…because today’s rich increasingly pass on to their children an asset that cannot be frittered away in a few nights at a casino. It is far more useful than wealth, and invulnerable to inheritance tax. It is brains.

Read it all.

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

(GR) Episcopal land wars in Maryland: is this story truly doctrine-free or not?

…there is no painless way to cut a shrinking pie. When churches age, fade and die, someone gets the assets.

I am not arguing that the Sun team needed to add a dozen inches or more to this story to get into a deep discussion ”“ yes, demographics and doctrine often mix ”“ about why so many of these oldline church pies are shrinking and facing the demographic reaper.

But, in this case, readers certainly needed to know a bit about the statistical health and finances of the local diocese, since those facts are directly linked to claims made by the angry parishioners about why their beloved little church ”“ with its nice views of the water ”“ is being sold out from under them.

It’s that old journalism saying: Follow the money.

So how is the Episcopal Diocese of Maryland doing, in terms of finances, converts, babies and demographics? How many other little churches are threatened and how much might the church leaders make by selling some of them? This are fair questions during hard times. Sun editors needed to push their reporters to ask them.

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 Parishes

(FT Editorial) Syriza’s electoral win is a chance to strike a deal

It is easy to see why Syriza put debt repudiation at the heart of its electoral campaign. John Paul Getty once opined that “if you owe the bank $100, that’s your problem; if you owe the bank $100m, that’s the bank’s problem”. Greece’s predicament may ultimately force creditors to the negotiating table. To service its debt burden would require Greece to operate as a quasi slave economy, running a primary surplus of 5 per cent of GDP for years, purely for the benefit of its foreign creditors. Even the IMF has dropped hints in favour of some debt forgiveness.

But Greece’s EU creditors have equally strong reasons for refusing. Caving to Syriza’s demands would come at a high political cost, particularly for Germany’s Angela Merkel, who is harried by the eurosceptic AfD on her right. Other struggling countries would find their own radical parties emboldened by Syriza’s success. No country deserves to live beyond its means indefinitely.

Back in 2011, Greece posed an existential threat to the eurozone. Today, Berlin and Frankfurt are no longer as frightened by the prospect of Greece leaving the single currency. Yet for the Greek people this would be a catastrophe: a giant economic step backwards and a blow to living standards just as severe as any endured under austerity.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Foreign Relations, Greece, Politics in General, Theology