Category : Economy

(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.

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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.

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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

Christ Church Anglican in Savannah, Georgia, to move into new home Feb. 1

Christ Church Anglican will end its three-year worship arrangement with Independent Presbyterian Church on Sunday before moving to its own church at a new site on Feb. 1.

The congregation, which left historic Christ Church on Johnson Square in 2011, has gathered to worship at the 207 Bull St. facility since. The congregation will leave the Bull Street site at 10:45 a.m. Sunday and proceed to its new location at Bull and 37th streets.

The first services there will be at 8 a.m. and 10:30 a.m. Feb 1, said the Rev. Marc Robertson, senior pastor.

The church’s new home is in the newly renovated 100-year-old church building that was originally home to Hull Presbyterian Church. It most recently was owned by the Christian Revival and Restoration Center.

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Economics, Politics, Anglican Church in North America (ACNA), Economy, Housing/Real Estate Market, Parish Ministry

(Huff Po) Report says Marijuana Is The Fastest-Growing Industry In The U.S

Legal marijuana is the fastest-growing industry in the United States and if the trend toward legalization spreads to all 50 states, marijuana could become larger than the organic food industry, according to a new report obtained by The Huffington Post.

Researchers from The ArcView Group, a cannabis industry investment and research firm based in Oakland, California, found that the U.S. market for legal cannabis grew 74 percent in 2014 to $2.7 billion, up from $1.5 billion in 2013.

The group surveyed hundreds of medical and recreational marijuana retailers in states where sales are legal, as well as ancillary business operators and independent cultivators of the plant, over the course of seven months during 2013 and 2014. ArcView also compiled data from state agencies, nonprofit organizations and private companies in the marijuana industry for a more complete look at the marketplace.

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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, Theology

(NPR) Chuck Hagel: Stress Of 'Nonstop War' Forcing Out Good Soldiers

In one of his last interviews in the job he’s held since February 2013, Hagel refers to the “hidden consequences” of “nonstop war” faced by American combat forces since the invasion of Afghanistan in 2001. He calls the situation “unprecedented in the history of this country.”

He tells Morning Edition host Steve Inskeep that such a protracted combat role means that the same people keep rotating back to the front lines: “four, five, six combat tours ”” [the] same people.”

Hagel says that when spoke with a group of six promising young U.S. military officers in a recent meeting, “five out of the six said they were uncertain over whether they were going to stay in the service and most likely would get out.

“And why? Because of family issues, because of stress and strain,” he tells Inskeep.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Children, Defense, National Security, Military, Economy, Ethics / Moral Theology, Marriage & Family, Military / Armed Forces, Personal Finance, Theology

Predictions suggest Greece's radical left-wing Syriza party is 1 vote short of absolute majority

The leader of the left-wing Syriza party Alexis Tsipras has said Greece is “leaving behind disastrous austerity”, after his party claimed victory in the country’s general election.

And the 40-year-old told jubilant supporters the “Troika” of the country’s lenders “is finished”.

He was speaking after the Greek Prime Minister Antonis Samaras, who heads the conservative New Democracy party, conceded defeat to Mr Tsipras.

Partial election results suggest Syriza has secured 36.5% of the vote, compared to 27.7% for the New Democracy party.

Read it all from Sky news.

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

(CSM) Welcome to preschool: Time to enroll for next year

Now, three weeks into my son’s preschool career and we are already jockeying for a position next year. I’ve spent three paychecks from my part-time job, plus multiple hours of work-at-home time to get the necessary forms filled out and notarized so he can stay in the school.

Earlier this week, a friend dropped off her son’s registration packet with me to hold on to for registration day, since she will be out of town. I asked her how this whole registration thing will go down.

She told me that moms start lining up at 9 a.m. My eyes glazed over. Now I’m starting the registration process again. I am not a stay-at-home-mom, I’m an agent.

Of course, it could be worse. I could be paying for both school AND an admissions coach, who helps parents navigate getting into the best preschools in Manhattan, which cost upwards of $40K in tuition.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Children, Economy, Education, Ethics / Moral Theology, Marriage & Family, Pastoral Theology, Personal Finance, Theology, Theology: Scripture

(Economist) Does the Church of England need to send her bishops to Business school?

The proposals are presented in a report written by Lord Green, a former British trade minister and HSBC chairman, and prepared with outside help from Christopher McLaverty, a former talent leadership chief at BP, an oil supermajor. As much as £2m ($3m) has been set aside to enact the “talent management programme”, which will provide 150 bishops with the means to study at INSEAD’s campus in Fontainebleau, France, over the next two years. The aim is that clergy, who often come into a high-profile post within the church with little training, are given more adequate preparation for their role, including the ability to build and manage a high-functioning support team. “Simply arriving at moments of appointment and then looking to see who might or might not, by a process of amounting to chance, have suitable preparation and gifting, is to abandon all responsibility,” Mr Welby wrote in support of the Green report.

Sending bishops to business school will kickstart a “culture change for the leadership of the church”, the report says. But it admits that the preponderance of phrases such as “talent pool” and “alumni network” peppered throughout the paper may put off more staunch theologians. Yet that hasn’t stopped the language of business breaching the pious institution. In an appendix of Lord Green’s report, the net promoter score (NPS), a loyalty metric developed by Bain & Company, a consultancy, is presented with a straight face as a hypothetical way of evaluating the benefit of the mini-MBA. With a fictionalised NPS of +75 (on a scale of -100 to +100), the church appears to be confident its plans will be well-received.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, --Justin Welby, Anglican Provinces, Archbishop of Canterbury, Church of England (CoE), Economy, Education, England / UK, Ethics / Moral Theology, Pastoral Theology, Theology

(JE) Anglican Building Boom Quietly Underway

A handful of other congregations, including All Saints Anglican Church in Charlotte, NC, Holy Trinity Anglican Church in Raleigh, NC and Saint John’s Anglican Church of Americus, GA have also announced building plans. This summer All Saints’ Anglican Church in Springfield, MO and All Saints’ Anglican Church in Peachtree City, GA, completed and consecrated new church buildings.

The churches range from a modest colonial-revival brick building in the case of Restoration to a 30,000-square-foot gothic structure built for the congregation of St. Peter’s.

In addition to making the churches more visible in their communities and accommodating growth in the size of congregations, the new structures are allowing for new programs and events. St. Peter’s is partnering with Trinity School for Ministry to offer theological education far from the seminary’s Ambridge, Pennsylvania campus. Other congregations plan to use their news space for conferences, or to begin hosting programs such as Vacation Bible School which were impractical or not possible in leased spaces.

“Our new church is just the beginning of what we hope to build,” explained Fr. Andrew Rowell, associate rector of St. Peter’s Anglican Church.

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Economics, Politics, Anglican Church in North America (ACNA), Economy, Evangelism and Church Growth, Housing/Real Estate Market, Liturgy, Music, Worship, Parish Ministry

Thomas Friedman: You can't dance around the topic of radical Islam, say It Like It Is

I’ve never been a fan of global conferences to solve problems, but when I read that the Obama administration is organizing a Summit on Countering Violent Extremism for Feb. 18, in response to the Paris killings, I had a visceral reaction: Is there a box on my tax returns that I can check so my tax dollars won’t go to pay for this?

When you don’t call things by their real name, you always get in trouble. And this administration, so fearful of being accused of Islamophobia, is refusing to make any link to radical Islam from the recent explosions of violence against civilians (most of them Muslims) by Boko Haram in Nigeria, by the Taliban in Pakistan, by Al Qaeda in Paris and by jihadists in Yemen and Iraq. We’ve entered the theater of the absurd.

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Posted in * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Economy, Ethics / Moral Theology, Foreign Relations, Globalization, Islam, Office of the President, Other Faiths, Politics in General, President Barack Obama, Religion & Culture, Terrorism, The U.S. Government, Theology, Violence

Reaction to S. Carolina Gov. Haley’s roads plan is mixed: A good start or not workable?

”˜Fixing our … roads … tremendously important’

“Education reform and infrastructure repairs are two of the most challenging economic issues we face. … Fixing our crumbling roads system is also tremendously important as it directly impacts economic development, which leads to job creation and higher wages.”

”” House Speaker Jay Lucas, R-Darlington

”˜Drop in the bucket’ “It’s just a drop in the bucket to solving the problem. … There’s many ways to do it, but this is just not going to deal with the real magnitude of the problem that we have.”

”” Senate Minority Leader Nikki Setzler, D-Lexington

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

(WSJ) Get Used to Cheap Oil. Why Lower Prices May Stick Around

Leonardo Maugeri, an associate professor at Harvard University’s Belfer Center for Science and International Affairs and who predicted the current collapse in prices back in 2012, estimates world oil production capacity is about 101 million barrels a day. That’s nearly 10% more than expected demand next year.

Mr. Maugeri says U.S. shale and tight oil production is more resilient than many expected because of lower break-even costs and higher productivity levels. Service fees are also falling at the same time, as hedging still offers a cushion to shale producers until mid-2015, he said.

That resilience may force Saudi Arabia to keep up its price war well into the year before the strategy wrings out some of the oversupply.

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Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Energy, Natural Resources, Ethics / Moral Theology, Globalization, Theology

(Economist) How an insect (the tsetse fly) held back a continent

Economic historians have long supposed that Africa’s historically low population density shaped its development. Rulers struggled to exercise control over scattered populations, the theory goes. Malfunctioning states inhibited growth because property rights were insecure and infrastructure was worse.

But why was it that land in precolonial Africa was so abundant, and people were so scarce? A new paper* by Marcella Alsan of Stanford University blames the tsetse fly. The pest, much like the mosquito, lives off the blood of people and animals and in the process transmits disease, in this case a parasite that causes sleeping sickness. To domesticated animals, on which it likes to feed, its bite is fatal. Its prevalence, the paper argues, made it considerably harder for Africans to develop agriculture.

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Posted in * Culture-Watch, * Economics, Politics, * General Interest, * International News & Commentary, Africa, Animals, Economy, Ethics / Moral Theology, Health & Medicine, History, Politics in General, Science & Technology, Theology

(Scotsman) Boy, 5, sent invoice after birthday party no-show

It should have been a fun ­occasion ”“ a boy’s birthday party at a tobogganing centre, ­complete with tea and balloons.

But the event has now turned into the focus of a public row between two families after the mother of the boy holding the party sent a formal invoice to the parents of his friend Alex for a “party no-show fee”.

The document, which included an invoice number, charged Tanya Walsh and Derek Nash £15.95 for the cost of their five-year-old son’s non-attendance at the event, held during the Christmas holidays.

And the Nashes are now being threatened with action at the small claims court if they refuse to pay up, while the mother of the birthday boy has banned her son from ever playing with Alex again.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Children, Economy, England / UK, Ethics / Moral Theology, Law & Legal Issues, Marriage & Family, Scotland, Theology

(FT) Church of England, Environment Agency pension fund, other group tells oil groups to go green

The Environment Agency’s pension fund has urged BP and Royal Dutch Shell to invest in renewable energy and do more to tackle climate change.

The government-backed agency’s £2.5bn fund has teamed up with more than 150 other investors, including the Church of England and several large local authority pension funds. They have filed shareholder resolutions urging both oil companies to take more action on global warming.

“It was an easy decision,” said John Varley, chairman of the Environment Agency pensions committee. “We believe that it is vital to manage climate risk within investments and that all shareholders have access to clear information to assess how these companies are managing risk and protecting shareholder value.”

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

Guardian (book excerpt) Archbp Justin Welby Britain's urban crisis

Much of England is experiencing economic crisis. Our economy appears to be, in one sense, a tale of two cities ”“ one being a growing and constantly improving London (and the south-east generally), and the other being most, but not all, other cities, alike in that they are each trapped in apparently inevitable decline.

Of course, London has many economic problems of its own. While on a national level entire cities are being cast aside and left to their own devices, one cannot walk the streets of London for long before realising that this national trend is happening at an individual level in this massive city. There is poverty around the corner from every multimillion and multibillion pound industry ”“ individuals and families similarly trapped in apparently inescapable circles of despair.

This sketch of our current plight will not come as news to many. It is the reality we experience and see on a daily basis. And I believe that many of the prescribed remedies that so often accompany this diagnosis are deeply flawed.

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, --Justin Welby, Anglican Provinces, Archbishop of Canterbury, Church of England (CoE), Economy, England / UK, Ethics / Moral Theology, Parish Ministry, Politics in General, Religion & Culture, Rural/Town Life, Theology, Urban/City Life and Issues

(New Criterion) Daniel Hannan–A lesson in Newspeak

Instead of being watched by the state through telescreens, we carry our own screens””ones that put more information at our fingertips than an entire government department could have compiled in Orwell’s day. Big Brother has been defeated by capitalist technology.

But if, like most of his contemporaries, he was too gloomy, Orwell got one thing uncannily right. In an appendix to his dystopian novel, he discussed how an idea could be made literally unthinkable if there were no words to express it. The illustration he gave was the word “free.” In Newspeak, “free” could be used only in the sense of “this field is free from weeds” or “this dog is free from lice.” The concept of political or intellectual freedom had disappeared, because no one could put it into words.

What an eerily prescient example to have chosen. In recent years this is more or less what has happened to the word “free.” In 1948, “freedom” still had its traditional meaning of a guarantee against coercion: freedom of speech, freedom of assembly, freedom of worship. Since then, however, “freedom” has come to mean “entitlement,” as in “freedom to work,” “freedom from hunger,” “freedom from discrimination,” and so on. Thus, the notion that the state ought not to boss us around becomes harder to convey, and the politician who supports that notion is disadvantaged.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Books, Economy, Education, Ethics / Moral Theology, History, Media, Politics in General, Psychology, Theology

(WSJ) Test Finds College Graduates Lack Skills for White-Collar Jobs

Four in 10 U.S. college students graduate without the complex reasoning skills to manage white-collar work, according to the results of a test of nearly 32,000 students.

The test, which was administered at 169 colleges and universities in 2013 and 2014 and released Thursday, reveals broad variation in the intellectual development of the nation’s students depending on the type and even location of the school they attend.

On average, students make strides in their ability to reason, but because so many start at such a deficit, many still graduate without the ability to read a scatterplot, construct a cohesive argument or identify a logical fallacy.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Corporations/Corporate Life, Economy, Education, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Philosophy, Science & Technology, Theology, Young Adults

(Project Syndicate) Making Sense of the Swiss Shock by professors Markus Brunnermeier & Harold James

The SNB was not forced to act by a speculative run. No financial crisis forced its hand, and, in theory, the SNB’s directorate could have held the exchange rate and bought foreign assets indefinitely. But domestic criticism of the SNB’s large buildup of exchange-rate reserves (euro assets) was mounting.

In particular, Swiss conservatives disliked the risk to which the SNB was exposed. Fearing that eurozone government bonds were unsafe, they agitated to require the SNB to acquire gold reserves instead, even forcing a referendum on the matter. Though the initiative to require a fixed share of gold reserves failed, the prospect of large-scale quantitative easing by the European Central Bank, together with the euro’s recent slide against the dollar, intensified the political pressure to abandon the peg.

Whereas economists have modeled financial attacks well, there has been little study of just when political pressure becomes unbearable and a central bank gives in. The SNB, for example, had proclaimed loyalty to the peg just days before ending it. As a result, markets will now hesitate to believe central banks’ statements about future policy, and forward guidance (a major post-crisis instrument) will be much more difficult.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, History, Politics in General, Switzerland, The Banking System/Sector, Theology

(W E) Michael Barone–Family fragmentation: Can anything be done?

How big a problem is family fragmentation? “Immense,” says Mitch Pearlstein, head of the Minnesota think tank Center of the American Experiment. “The biggest domestic problem facing this country.”

So big he went out and interviewed 40 experts of varying ideology across the nation and relayed their answers in his book Broken Bonds: What Family Fragmentation Means for America’s Future. That’s the good news. The bad news is that none of the experts is confident he has an answer, and neither is Pearlstein.

What is family fragmentation? The facts are easy to state. About 40 percent of babies born in America these days are born outside of marriage. That’s true of about 30 percent of non-Hispanic whites, more than 50 percent of Hispanics and more than 70 percent of blacks.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Children, Economy, Ethics / Moral Theology, Marriage & Family, Politics in General, Theology

(PS) Raghuram Rajan–Is the Global Economy Bracing for Stagnation?

As 2015 begins, the global economy remains weak. The United States may be seeing signs of a strengthening recovery, but the eurozone risks following Japan into recession, and emerging markets worry that their export-led growth strategies have left them vulnerable to stagnation abroad. With few signs that this year will bring any improvement, policymakers would be wise to understand the factors underlying the global economy’s anemic performance ”“ and the implications of continued feebleness.

In the words of Christine Lagarde, the International Monetary Fund’s managing director, we are experiencing the “new mediocre.” The implication is that growth is unacceptably low relative to potential and that more can be done to lift it, especially given that some major economies are flirting with deflation.

Conventional policy advice urges innovative monetary interventions bearing an ever expanding array of acronyms, even as governments are admonished to spend on “obvious” needs such as infrastructure. The need for structural reforms is acknowledged, but they are typically deemed painful, and possibly growth-reducing in the short run. So the focus remains on monetary and fiscal stimulus ”“ and as much of it as possible, given the deadening effects of debt overhang.

And yet, the efficacy of such policy advice remains to be seen.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Asia, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Europe, European Central Bank, Federal Reserve, Foreign Relations, Globalization, India, Personal Finance, Politics in General, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government, Theology

(Washington Post) A Majority of U.S. public school students are in poverty

For the first time in at least 50 years, a majority of U.S. public school students come from low-income families, according to a new analysis of 2013 federal data, a statistic that has profound implications for the nation.

The Southern Education Foundation reports that 51 percent of students in pre-kindergarten through 12th grade in the 2012-2013 school year were eligible for the federal program that provides free and reduced-price lunches. The lunch program is a rough proxy for poverty, but the explosion in the number of needy children in the nation’s public classrooms is a recent phenomenon that has been gaining attention among educators, public officials and researchers.

“We’ve all known this was the trend, that we would get to a majority, but it’s here sooner rather than later,” said Michael A. Rebell of the Campaign for Educational Equity at Teachers College at Columbia University, noting that the poverty rate has been increasing even as the economy has improved. “A lot of people at the top are doing much better, but the people at the bottom are not doing better at all. Those are the people who have the most children and send their children to public school.”

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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, Poverty, Theology

(The State) Under fire Uber getting some South Carolina help

The San Francisco online ride-sharing company that is causing a storm among S.C. taxi companies and regulators is finding bipartisan legislative support of its efforts to keep operating legally in the Palmetto State.

The state Public Service Commission ordered Uber to stop picking up riders Thursday while regulators weigh the company’s request for a state taxi license.

But Uber drivers were defying the order with cars available Friday in the four S.C. cities where the company operates ”“ Columbia, Charleston, Greenville and Myrtle Beach.

“We will challenge the order and remain committed to providing South Carolinians with greater opportunity and choice,” Uber spokesman Taylor Bennett said.

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

(Local Paper) South Carolina’s poor roads costing Charleston-area drivers $1,168/year

Crumbling roads like the ones Gould encounters are found statewide, as well as many congested thoroughfares, according to a report released Thursday from The Road Information Program, or TRIP, a national nonprofit organization. Those conditions make the roads unsafe and cost state drivers $3 billion each year in lost time and additional operating, fuel and crash-related costs. The report said nearly half the state’s roads are in poor condition.

In the Charleston area, the report found poor road conditions cost motorists, on average, $1,168 per year: $294 in additional vehicle operating costs, $647 for fuel and lost time on congested roads and $227 in crash-related costs.

Gould said he has lost a lot of time commuting on congested roads, especially during rush hours. He avoids driving on Maybank Highway because of traffic snarls there, especially at the intersection with River Road.

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Posted in * Culture-Watch, * Economics, Politics, * South Carolina, Economy, Ethics / Moral Theology, Personal Finance, Politics in General, State Government, Theology, Travel

A Baltimore Sun editorial on Maryland Bishop accused in hit-and-run death–Freedom for sale

We didn’t question a Baltimore district court judge when she said she couldn’t trust Heather Cook’s judgment if released from jail pending trial. After all, the Episcopal bishop is charged with being a repeat drunk driver who recklessly took the life of a bicyclist on Roland Avenue last month, then left the scene. But we do wonder why Judge Nicole Pastore Klein allowed Bishop Cook bail at all, even one as high as $2.5 million. Does Ms. Cook suddenly become trustworthy if she wins the lottery?

Judge Klein took a gamble on the public’s behalf and lost. Bishop Cook, whose attorney earlier in the week said she couldn’t afford release, posted bail today through Fred Frank Bail Bonds, according to court records.

The scenario underscores why a recommendation submitted last month to legislative leaders proposing that the state’s asset-based bail system be “completely eliminated” should be given swift and thorough consideration. Whether defendants are incarcerated before trial should be based on the likelihood they’ll return to court and won’t harm the public rather than on their ability to afford release.

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Alcohol/Drinking, Alcoholism, Death / Burial / Funerals, Economy, Episcopal Church (TEC), Ethics / Moral Theology, Law & Legal Issues, Parish Ministry, Personal Finance, TEC Bishops, Theology

(WSJ) Rob Moll–Gathering the Faithful, No Church Required–worshipers find other places to meet

The expansion of congregations suggests that the drop in religious affiliation is not as dramatic as it seems, and that a stealthy revival might even be coming. The growth may not yet offset disaffiliation, but it is part of the American religious pattern. Early colonists included the highly religious Puritans. But their children and grandchildren strayed, even forcing churches to loosen qualifications if they were to keep members.

In the century that followed, Methodists and Baptists began spreading Christianity largely through small groups, or “bands,” as the Methodists called them. They used nontraditional gathering places, including open fields, to bring their message to the masses. By 1850, 34% of Americans were church members, and by 1900 half were, according to Mr. Stark. By the early 1990s, nearly two-thirds of Americans were members of a congregation.

Fewer new churches these days are going up with drywall and spackling, but members are probably still stacking chairs and warming coffee on Sunday morning.

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Economy, Housing/Real Estate Market, Liturgy, Music, Worship, Parish Ministry, Religion & Culture

(FT) Economy faces ”˜headwind’, says IMF's Christine Lagarde

Cheaper oil prices and a resurgent US economy are unlikely to be enough to pull the global economy out of a growth pattern that is “too low, too brittle and too lopsided”, Christine Lagarde, managing director of the International Monetary Fund, said on Thursday.

Despite what ought to be the benefits for many economies from sharp falls in oil prices, which has more than halved since the summer, and the strengthening US recovery, the world still faces “a very strong headwind”, seven years on from the financial crisis.

Speaking in Washington, Ms Lagarde said: “The oil price and US growth are not a cure for deep-seated weaknesses elsewhere.

“Too many countries are still weighed down by the legacies of the financial crisis, including high debt and high unemployment. Too many companies and households keep cutting back on investment and consumption today because they are concerned about low growth in the future.”

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Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Foreign Relations, Globalization, Politics in General, The Banking System/Sector, Theology

(Bloomberg) Switzerland Ambushes the Global Economy

The Swiss National Bank’s shock move today to stop intervening in the foreign exchange market all but guarantees the European Central Bank will finally introduce quantitative easing when it meets Jan. 22. Switzerland is surrendering before a wave of post-QE money fleeing the euro threatens to make a mockery of its currency policy. It’s also capitulating as slumping oil brings global deflation ever closer.

t’s an astonishing U-turn. Just two days ago SNB Vice President Jean-Pierre Danthine told Swiss broadcaster RTS that “we’re convinced that the cap on the franc must remain the pillar of our monetary policy.” He added, though, that it was “very possible” that QE would make defending the threshold more difficult. It seems highly probable that the ECB has winked about its policy intentions to its Swiss counterparts.

The ensuing whipsaw in the currency market is unprecedented. The franc immediately appreciated almost 30 percent against the currencies of the Group of Ten industrialized nations, and surged to a record against the euro…:

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Globalization, Stock Market, Switzerland, The Banking System/Sector, Theology

(Washington Post) Vivek Wadhwa–7 admirable start-ups that are driving social change

A standing joke in Silicon Valley is that the smartest people go into online advertising, virtual currency, or dumb online games. And you surely have to wonder what has gone wrong when the industry’s heavy hitters and venture capitalists provide $1.5 million to seed a useless app such as Yo.

Fortunately, there are many tech start-ups that are solving real problems ”” and many entrepreneurs who care. The venture capital community is also beginning to see the light. Witness the recent decision of Google Ventures to back away from consumer Internet start-ups and focus more on health care and life-sciences companies, and Y Combinator, the most powerful start-up accelerator in the world, backing seven nonprofits in its latest class.

There is surely hope for tech. Here are seven companies that stand out….

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Globalization, Science & Technology, Stock Market, The Banking System/Sector, Theology

(Telegraph) Entire Cities Cast Aside by Governing Coalition Say Church of England Archbishops

Britain under the Coalition is a country in which the poor are being “left behind” and entire cities “cast aside” because politicians are obsessed with Middle England, the Church of England says today in a damning assessment of the state of the nation.

In a direct and unapologetically “political” intervention timed for the beginning of the General Election campaign, the Archbishops of Canterbury and York, warn party leaders are selling a “lie” that economic growth is the answer to Britain’s social problems.

Questioning David Cameron’s slogan “we’re all in this together” they condemn inequality as “evil” and dismiss the assumption that the value of communities is in their economic output as a “sin”.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, --Justin Welby, Anglican Provinces, Archbishop of Canterbury, Archbishop of York John Sentamu, Church of England (CoE), Economy, Ethics / Moral Theology, Religion & Culture, Rural/Town Life, Theology, Urban/City Life and Issues