Category : Economy

(NYT) For Giants Tight End Larry Donnell, His Plan to Play in the NFL Had No Backup

[Doug] Williams remembered telling Donnell: “You’ve got all kinds of ability. That little girl right there, you can find a way to feed her and make sure she goes to college, but there’s a price you’ve got to pay. Even when you don’t want to work, you’ve got to work.”

As Donnell intensified his drills and added muscle to his lanky frame, Davis also monitored his progress. Delana did everything she could to support them, working two part-time jobs and drawing money from a trust fund her deceased mother had left. Their needs were many; job opportunities were few in their hometown, Ruston, La.

“He never gave up,” Delana said of Donnell. “He was like: ”˜I’m going to the league. That’s what I’m going to do.’ He kept working out consistently, just as if football was still on.”

Donnell finally agreed to seek part-time employment and applied to be a driver for Pizza Hut. He never delivered a single pie.

At Davis’s urging, the Giants signed Donnell on March 13, 2012. He spent his first season on the practice squad and competed primarily on special teams last year. He has broken out this season with 51 catches for 516 yards and a team-leading six touchdown receptions.

Donnell, 26, smiled broadly after a recent practice as he reflected on the uncommon path he and his young family had taken.

“My whole career, nothing has been golden,” he said. “Nothing has been paved out. I’ve always had to work for it, which is not a bad thing. My mom always told me, ”˜What the Lord has for you, nobody can take from you.’ I believed in that.”

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Children, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Marriage & Family, Pastoral Theology, Psychology, Sports, Theology

Uber driver 1st in Charleston, South Carolina, area to be found guilty of violating local rules

Uber this week flunked its first test drive around Charleston’s legal system.

Taft Navarro, the first known Uber driver to be cited in the region for violating local or state transportation rules, was found guilty Thursday in a Charleston County courtroom. He was required to pay the full fine of $437 for operating a ride-for-hire service at Charleston International Airport without the necessary permit.

Chief Magistrate David Coker’s ruling might set something of a precedent for how similar violations will be handled at the airport in the future, Navarro said.

Read it all from the front page of today’s local paper.

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

(CSM) Kenyan raid exposes hive of cybercrime

A deadly fire is all that betrayed a suspected Chinese hacker group in Kenya believed to be trying to infiltrate banks, mobile money transfer networks, and ATMs.

So far, police have arrested and charged 77 Chinese nationals in connection with activities in an upscale Nairobi suburb. During the raids, police found soundproof rooms fashioned like military dorms that were full of computer equipment and outfitted with high-speed Internet connections, which is uncommon in Kenya.

The discovery of what police call a cybercrime command center comes as Kenya is experiencing a wave of computer crime, with criminal hackers carrying out phishing campaigns to extort money from citizens and launching attacks on banks. The arrests are a fortunate break for a police force struggling to contain the problem.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Africa, Anthropology, Asia, Blogging & the Internet, China, Consumer/consumer spending, Corporations/Corporate Life, Defense, National Security, Military, Economy, Ethics / Moral Theology, Foreign Relations, Kenya, Law & Legal Issues, Police/Fire, Politics in General, Science & Technology, Theology

(WSJ) Economy on Track to Record Strongest Year of Job Creation in 15 Years

The U.S. economy is on track for its strongest year of job creation since 1999, as employers last month ramped up hiring and wage growth posted a small””but potentially significant””pickup.

Nonfarm payrolls rose a seasonally adjusted 321,000 in November, the strongest month of hiring since January 2012, the Labor Department said Friday. Hiring was broad across industries, led by gains in the professional and business-services sector.

“The economy may not yet be a big mean jobs machine but it is just about there,” Joel Naroff, president and chief economist at Naroff Economic Advisors Inc., said in a note to clients.

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

(NYT) Unsteady Incomes Keep Millions Behind on Bills

The bills arrive as regularly as a heartbeat at the Vories’s cozy bi-level brick house just across the Ohio River from Cincinnati. It’s the paychecks that are irregular.

These days, Alex Vories, 37, is delivering pizzas for LaRosa’s, though he has to use his parents’ car since he wrecked his own 1997 Nissan van on a rainy day last month. In the spring and autumn, he had managed to snag several weeks of seasonal work with the Internal Revenue Service, sorting tax returns for $14 an hour. But otherwise the family had to make do with the $350 a week his wife, Erica, brought home from her job as a mail clerk for the I.R.S.

“We just kind of wing it every month,” said Mr. Vories, whose unemployment benefits ran out at the end of 2013, 10 months after he lost his job answering phones at Fidelity Investments. Ever since, the family’s income has bounced up and down from one week to the next, like the basketball he and his two sons play with in their driveway, next to the Kentucky Wildcats pennant planted in their front yard.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Children, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Marriage & Family, Pastoral Theology, Personal Finance, Politics in General, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology

(CSM Editorial) With fewer young people gambling, time for a government rethink

An old bit of wisdom ”“ that gambling is only for people who never took math ”“ may have finally hit home with Americans. According to surveys by researchers at the University at Buffalo, the number of gamblers and the frequency of their play have dropped since 1999 despite a recent proliferation of casinos and lotteries. Even more heartening, the largest falloff was among people under age 30 (from 89 percent to 78 percent).

Unlike their elders, perhaps the younger generation knows the odds are never in their favor when they are up against the “Hunger Games”-like gambling industry. Or perhaps the thrill is gone with so many more gambling joints now an easy drive away for most Americans ”“ or just a click away in many places.

The survey, published in the Journal of Gambling Studies, did find hard-core gamblers are betting more money and that Internet gambling has gone up. But policymakers ”“ who generally promote gambling ”“ should take note of the decline in interest among young people.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Economy, Ethics / Moral Theology, Gambling, Politics in General, State Government, Taxes, Teens / Youth, Theology, Young Adults

(Breakpoint) Eric Metaxas–The Paradox of Generosity

We’re all familiar with our Lord’s words that it’s “more blessed to give than to receive.” As it turns out, this maxim is not only true as a matter of faith, it’s empirically true, as well.

This is the subject of a new book, “The Paradox of Generosity: Giving We Receive, Grasping We Lose,” by BreakPoint favorite and Notre Dame Professor Christian Smith and Hilary Davidson, a doctoral student at Notre Dame.

The book is based on research from Notre Dame’s “Science of Generosity” initiative. As Smith and Davidson write in the introduction, “By grasping onto what we currently have . . . we lose out on better goods that we might have gained . . .”

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Anthropology, Books, Economy, Ethics / Moral Theology, Parish Ministry, Pastoral Theology, Personal Finance, Psychology, Religion & Culture, Stewardship, Theology, Theology: Scripture

(WSJ) Basic Costs Squeeze Families–Health Care, Cellphones Eat Up Income

The American middle class has absorbed a steep increase in the cost of health care and other necessities as incomes have stagnated over the past half decade, a squeeze that has forced families to cut back spending on everything from clothing to restaurants.

Health-care spending by middle-income Americans rose 24% between 2007 and 2013, driven by an even larger rise in the cost of buying health insurance, according to a Wall Street Journal analysis of detailed consumer-spending data from the Bureau of Labor Statistics.

That hit has been accompanied by increases in spending on other necessities, including food eaten at home, rent and education, as well as the soaring cost of staying connected digitally via cellphones and home Internet service.

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

(Time) Watch the Robots Shipping Your Amazon Order This Holiday

Across the country, laborers are hard at work lifting 700-pound shelves full of multivolume encyclopedias, propane grills or garden gnomes and dragging them across vast warehouse floors. Carefully trained not to bump into one another, the squat workers are 320 pounds and a mere 16 inches tall.

No, they’re not Christmas elves””they’re some of the most advanced robots that e-commerce giant Amazon now uses to ship its goods. In an exclusive video for TIME, photographer and videographer Stephen Wilkes captured these Amazon robots in action at the company’s Tracy, Calif., warehouse.

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

Ouija boards are the must-have gift this Christmas acc. to Google, fuelled by a schlock horror film

What better time to talk to dead people for fun than the festival to celebrate the birth of Jesus? Ouija boards are flying themselves off shelves and under trees this Christmas, according to trends data released by Google. The company has recorded a 300 per cent increase in searches for the spirit-bothering devices, fuelled by a terrible movie that was effectively a feature-length ad for a board game, an appearance on The Archers, and the Victorian belief that if the dead could speak, they would use a plank of a wood and the alphabet.

Ouija, released in October in time for Halloween, was, by all accounts, a cliché-ridden turkey about a group of teenage girls who experiment with a board and get scared. It has a disastrous 7 per cent rating on Rotten Tomatoes, the review aggregating site, but became an occult hit, to the delight of its backers. Hasbro, the toy company behind Monopoly, pushed for the revival of the film, which had stalled in development, and partnered with Universal to make it happen. Its Ouija Game, including a glow-in-the-dark version, is ”“ sure enough ”“ the biggest seller online.

Read it all from the Independent. One C of E clergyman is concerned: ”˜It’s like opening a shutter in one’s soul and letting in the supernatural,’ says Peter Irwin-Clark, a Church of England vicar who has witnessed the dark side of Ouija. ”˜There are spiritual realities out there and they can be very negative.’

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Consumer/consumer spending, Corporations/Corporate Life, Economy, England / UK, Other Faiths

(Time) Homeland Security Warns that ISIS May Target U.S. Military at Home

Homeland security officials have issued their strongest warning yet that American service members may be targeted in the U.S. by the militant group ISIS, according to a report Monday.

A joint intelligence bulletin issued by the FBI and Department of Homeland Security said military personnel should review their social media accounts and remove anything that could draw the attention of “violent extremists,” specifically those from the Islamic State of Iraq and Greater Syria (ISIS), ABC News reports. The group has been targeted for months by a bombing campaign in Syria and Iraq, conducted by the U.S. and several other nations in the region.

“The FBI and DHS recommend that current and former members of the military review their online social media accounts for any information that might serve to attract the attention of ISIL [ISIS] and its supporters,” read the bulletin sent to law enforcement agencies. Some personnel said they had been urged to scrub their profiles by security officials in August.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Defense, National Security, Military, Economy, Ethics / Moral Theology, Law & Legal Issues, Military / Armed Forces, The U.S. Government, Theology, Violence

(Fast Company) Millennials Will Become The Majority In The Workforce In 2015; are we ready?

Next year, people born between 1981 and 1996 are poised to become the new workforce majority and will eventually remake the workplace in their own image. That means office culture is in for big changes. As a new survey shows, this generation is already chafing at today’s traditional company structures.

Freelancer platform Elance-oDesk and Millennial Branding, a research consultancy, interviewed more than a thousand working millennials and 200 older hiring managers to arrive at what they call the “disjoints” in thinking between these two generations. The two groups often had different perspectives on what’s important.

Roughly two-thirds of hiring managers agree that millennials have more equal attitudes toward genders in the workplace. But the report suggests that gender-based discrimination””whether it comes to salary or assignments””is still rife. More than 20% of millennial women say that when they arrive at their new jobs, they feel like work is worse than they expected. Only 12% of millennial men feel similarly.

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Posted in * Culture-Watch, * Economics, Politics, Corporations/Corporate Life, Economy, Labor/Labor Unions/Labor Market, Young Adults

An NPR piece on what Happens when the "monster" of Marijuana comes to Uruguay

Foreigners are dreaming big, but the locals seem a bit overwhelmed with all the interest in a new law that was passed legalizing marijuana in the last year.

The law allows Uruguayans to register to grow their own weed, or join growing clubs ”” cooperatives of up to 45 people ”” for personal consumption.

Under President Jose Mujica’s maverick leadership, Uruguay went further than any country in the world: The government will plant, cultivate and ultimately distribute marijuana, too.

Mujica says decades of failed drug war policies necessitated a radical new approach to curb drug violence and addiction. If the government sells dope, the idea goes, the criminals can’t. But the reality has proven complicated, and some advocates say the government has bitten off more than it can chew.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Drugs/Drug Addiction, Economy, Ethics / Moral Theology, Foreign Relations, Globalization, Health & Medicine, Law & Legal Issues, Politics in General, South America, Theology, Uruguay

(Reuters) Exclusive: U.S. CEOs threaten to pull tacit Obamacare support over 'wellness' spat

Leading U.S. CEOs, angered by the Obama administration’s challenge to certain “workplace wellness” programs, are threatening to side with anti-Obamacare forces unless the government backs off, according to people familiar with the matter.

Major U.S. corporations have broadly supported President Barack Obama’s healthcare reform despite concerns over several of its elements, largely because it included provisions encouraging the wellness programs.

The programs aim to control healthcare costs by reducing smoking, obesity, hypertension and other risk factors that can lead to expensive illnesses. A bipartisan provision in the 2010 healthcare reform law allows employers to reward workers who participate and penalize those who don’t.

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Posted in * Culture-Watch, * Economics, Politics, --The 2009 American Health Care Reform Debate, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Health & Medicine, Labor/Labor Unions/Labor Market, Politics in General, The U.S. Government, Theology

(PS) Martin Feldstein–The Geopolitical Impact of Cheaper Oil

Although Saudi Arabia and several of the Gulf states are also major oil exporters, they differ from other producers in two important ways. First, their cost of extracting oil is extremely low, which means that they will be able to produce profitably at the current price ”“ or even at a much lower price. Second, their enormous financial reserves allow them to finance their domestic and international activities for an extended period of time, as they seek to transform their economies to reduce their dependence on oil revenue.

A further decline in the price of oil could have major geopolitical repercussions. A price of $60 a barrel would create severe problems for Russia in particular. President Vladimir Putin would no longer be able to maintain the transfer programs that currently sustain his popular support. There would be similar consequences in Iran and Venezuela.

It is not clear whether these countries’ current regimes could survive a substantial and sustained future decline in oil prices. By contrast, it is obvious that oil-importing countries would benefit greatly ”“ as they already are.

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Posted in * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Energy, Natural Resources, Ethics / Moral Theology, Foreign Relations, Politics in General, Theology

(NBC) Is Black Friday Madness America's Latest Export

Black Friday in the U.S.: like a regular weekend at the malls, only a little more so. Black Friday overseas: like Black Friday used to be in the U.S., including the shoving and fistfights.

Call it America’s latest export.

As Americans hunkered down on their couches to score Black Friday bargains online, shoppers in other parts of the world took part in what had been a uniquely American experience: Risking life and limb for dirt-cheap sweaters and discounted TVs.

British police officers were called to stores across the country on Friday to quell surging crowds and fights over deals. Retailers had adopted American-style Black Friday discounts to get a jump on the Christmas shopping season, according to Reuters. Even Brazil got in on the act, with stores offering Black Friday deals.

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

(Yorkshire Post) Facebook partly to blame for Lee Rigby’s murder say family

The family of Lee Rigby have said they hold Facebook partly responsible for his murder, after a report found it failed to take action over an online chat in which one of the killers vowed to slay a soldier.

The Intelligence and Security Committee’s long-awaited report yesterday labelled an unnamed internet company, widely reported to be Facebook, a “safe haven for terrorists” because it did not flag up the online exchange between Michael Adebowale and a foreign jihadist, which took place five months before Fusilier Rigby’s murder.

The parliamentary watchdog’s chair Sir Malcolm Rifkind stated that the web firm could have made a difference by raising the conversation, and said there was “a significant possibility that MI5 would have been able to prevent the attack” as Adebowale would have become “a top priority.”

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --Social Networking, Anthropology, Blogging & the Internet, Children, Consumer/consumer spending, Corporations/Corporate Life, Economy, England / UK, Ethics / Moral Theology, Law & Legal Issues, Marriage & Family, Religion & Culture, Theology, Violence

(PS) Education in the Second Machine Age

Artificial intelligence, once confined to the realm of science fiction, is changing our lives. Cars are driving themselves. Drones are being programmed to deliver packages. Computers are learning to diagnose diseases. In a recent book, the economists Erik Brynjolfsson and Andrew McAfee describe these recent advances as examples of the beginning of what they call “the second machine age.”

The very name ”“ the first machine age was the Industrial Revolution ”“ suggests an epochal shift. And, indeed, if the predictions are to be believed, these technological advances could have profound implications for the way we live.

One common forecast is that as ever-more advanced robots substitute workers, the cost of labor will become less important, and manufacturing will move back to rich countries. Another is that increasingly intelligent machines will reduce the demand for advanced skills, and that the economic advantage of having these skills will decline as a result.

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

'This kind of individualism leads to human impoverishment and cultural aridity' Pope says to Europe

It also needs to be kept in mind that apart from the pursuit of truth, each individual becomes the criterion for measuring himself and his own actions. The way is thus opened to a subjectivistic assertion of rights, so that the concept of human rights, which has an intrinsically universal import, is replaced by an individualistic conception of rights. This leads to an effective lack of concern for others and favours that globalization of indifference born of selfishness, the result of a conception of man incapable of embracing the truth and living an authentic social dimension.

This kind of individualism leads to human impoverishment and cultural aridity, since it effectively cuts off the nourishing roots on which the tree grows. Indifferent individualism leads to the cult of opulence reflected in the throwaway culture all around us. We have a surfeit of unnecessary things, but we no longer have the capacity to build authentic human relationships marked by truth and mutual respect. And so today we are presented with the image of a Europe which is hurt, not only by its many past ordeals, but also by present-day crises which it no longer seems capable of facing with its former vitality and energy; a Europe which is a bit tired and pessimistic, which feels besieged by events and winds of change coming from other continents.

To Europe we can put the question: “Where is your vigour? Where is that idealism which inspired and ennobled your history? Where is your spirit of curiosity and enterprise? Where is your thirst for truth, a thirst which hitherto you have passionately shared with the world?

The future of the continent will depend on the answer to these questions.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Anthropology, Economy, Ethics / Moral Theology, Europe, Globalization, Other Churches, Politics in General, Pope Francis, Roman Catholic, Theology

(Telegraph) Sunday morning inconvenient for church services … says Church of England

Sunday morning is an inconvenient time for church services because people are busy shopping and doing DIY, the Church of England has admitted.

Worshippers are increasingly turning their backs on the centuries-old practice of attending worship on Sundays because of other leisure and social “commitments”, it said.

The admission came alongside new figures showing that attendances at midweek services in cathedrals have doubled in a decade while numbers in the pews in parishes on Sundays continue to fall.

The Dean of Lichfield, the Very Reverend Adrian Dorber, said many people still crave quiet reflection, but are seeking out less “pressurised” times in the week to worship than Sunday mornings.

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

Ambrose Evans-Pritchard–German bond yields to trump Japan as ECB battles deflation per RBS

German bond yields are to fall below Japanese levels and plumb depths never seen before in history as Europe becomes the epicentre of global deflationary forces, according to new forecast from the Royal Bank of Scotland.

“We are seeing `Japanification’ setting in across Europe,” said Andrew Roberts, the bank’s credit strategist. “We expect 10-year Bund yields to cross the 10-year Japanese government bond and we are amply positioned for such an outcome.”

Mr Roberts said it is a “weighty win-win” situation for investors. If the European Central Bank launches full-blown quantitative easing, it will almost certainly have to buy large amounts of German Bunds, and these are becoming scarce.

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Posted in * Economics, Politics, * International News & Commentary, Asia, Credit Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Germany, Japan, Theology

(Chiesa) What Francis really thinks about Europe

A Europe weary with disorientation. And I don’t want to be a pessimist, but let’s tell the truth: after food, clothing, and medicine, what are the most important expenditures? Cosmetics, and I don’t know how to say this in Italian, but the “mascotas,” the little animals. They don’t have children, but their affection goes to the little cat, to the little dog. And this is the second expenditure after the three main ones. The third is the whole industry to promote sexual pleasure. So it’s food, medicine, clothing, cosmetics, little animals, and the life of pleasure. Our young people feel this, they see this, they live this.

I liked very much what His Eminence said, because this is truly the drama of Europe today. But it’s not the end. I believe that Europe has many resources for going forward. It’s like a sickness that Europe has today. A wound. And the greatest resource is the person of Jesus. Europe, return to Jesus! Return to that Jesus whom you have said was not in your roots! And this is the work of the pastors: to preach Jesus in the midst of these wounds. I have spoken of only a few, but there are tremendous wounds. To preach Jesus. And I ask you this: don’t be ashamed to proclaim Jesus Christ risen who has redeemed us all. And for us too that the Lord may not rebuke us, as today in the Gospel of Luke he rebuked these two cities.

The Lord wants to save us. I believe this. This is our mission: to proclaim Jesus Christ, without shame. And he is ready to open the doors of his heart, because he manifests his omnipotence above all in mercy and forgiveness. Let’s go forward with preaching. Let’s not be ashamed. So many ways of preaching, but to mama Europe – or grandma Europe, or wounded Europe – only Jesus Christ can speak a word of salvation today. Only he can open a door of escape.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, --European Sovereign Debt Crisis of 2010, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Europe, Labor/Labor Unions/Labor Market, Other Churches, Pastoral Theology, Pope Francis, Religion & Culture, Roman Catholic, Soteriology, Theology, Young Adults

(FT) World’s most advanced hacking spyware let loose

A cyber snooping operation reminiscent of the Stuxnet worm and billed as the world’s most sophisticated computer malware is targeting Russian and Saudi Arabian telecoms companies.

Cyber security company Symantec said the malware, called “Regin”, is probably run by a western intelligence agency and in some respects is more advanced in engineering terms than Stuxnet, which was developed by US and Israel government hackers in 2010 to target the Iranian nuclear programme.

The discovery of the latest hacking software comes as the head of Kaspersky Labs, the Russian company that helped uncover Stuxnet, told the Financial Times that criminals are now also hacking industrial control systems for financial gain.

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Posted in * Culture-Watch, * Economics, Politics, --Social Networking, Blogging & the Internet, Consumer/consumer spending, Defense, National Security, Military, Economy, Ethics / Moral Theology, Globalization, Science & Technology, Theology

(CT) Robert Sirico says for a just Society we must first understand what it means to be human

At this year’s Acton University conference, you spoke on how love is an indispensable basis for economic life. To some, that might seem odd if economic life is viewed as the maximization of utility and material well-being.

We can’t enter the marketplace as something other than what we really are, and real human love demonstrates the impossibility of being merely homo economicus (“the economic man”), which is essentially a thesis that reduces human beings to their materiality.

Humans are simultaneously material and transcendent, individual and social. We are not merely individual entities, though we are uniquely and unrepeatably that, even from the first moment of our conception. Yet the whole of our lives we are social and individual, material and spiritual. If we ignore this existential reality, then we fail to understand what it means to be human.

Love””authentic human love””helps us understand this anthropological reality. Even conjugal love offers more than physicality. In this act of love, we offer our whole selves, including our ideals, dreams, and indeed our future to one another””none of which exists in material reality. Love, especially in the biblical sense, is not merely what one wants for oneself, but is a free decision that wills the good of the person one loves. And this transcendent act, this non-material dimension of human anthropology””when open to new life””normatively results in other human persons who are made from the dust of the earth and the breath of life.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Psychology, Theology

(RNS) Faith leaders join consumer advocates to push for lower payday loan rates

Dozens of faith leaders and consumer advocates are pressing Congress to create a national interest rate cap for payday lenders instead of the exorbitant three-digit rates currently charged to people in several states. Eighty activists from 22 states came to Washington in hopes of shaping new regulations that are expected from the Consumer Financial Protection Bureau. Many of their congregations are surrounded by payday loan businesses that they say prey on poor residents by charging high interest rates and creating a cycle of debt.

“Together, you guys are really bringing a strong message and a light and a moral perspective about predatory lending that’s valuable,” said Rachel Anderson, director of faith-based outreach for the Center for Responsible Lending, which spearheaded a three-day visit and training session for religious leaders on Capitol Hill. “We hope that your message is heard strongly.”

The leaders asked members of Congress on Wednesday (November 19) to pass legislation capping interest rates, citing a 36 percent interest cap required by the Military Lending Act. “If it’s fair for the military, we felt it should be fair for all people,” said the Rev. Susan McCann of Grace Episcopal Church in Liberty, Missouri.

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Posted in * Culture-Watch, * Economics, Politics, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Personal Finance, Politics in General, Poverty, Religion & Culture, The Banking System/Sector, Theology

Illinois Postal workers stay alert, save a child and get thanks for thwarting a predator

Every day all over America, postal workers complete their appointed rounds without much notice. But in one Midwest town, they turned into heroes.

Christy Perfetti has been delivering mail in East Peoria, Ill., for 23 years. Almost a decade along this same route.

For the most part, she says every day is like every other. Except for one day last year.

Perfetti was pulling into the post office parking lot when she saw an older man taking a young boy behind a shed. She had a gut instinct something was wrong.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Children, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Law & Legal Issues, Police/Fire, Sexuality, The U.S. Government, Theology

Good local article on One80 Place that trains homeless residents for restaurant work

One80 Place’s program isn’t unique: There are dozens of similar kitchen-based initiatives across the country, ranging from modest Culinary 101-type classes to full-fledged restaurants serving the public. But it’s especially appropriate for Charleston, where severe understaffing threatens to upend the local food-and-beverage economy.

The lurking downer is that the efficacy of such programs remains remarkably unclear. Scholars have scrutinized the causes of homelessness and the demographics of the U.S. homeless population, but whether job training leads to long-term employment remains largely unexplored. Even Catalyst Kitchens, a national network of organizations that “transform lives through foodservice job training and social enterprise,” couldn’t muster any evidence showing kitchen-centered training results in better outcomes than other interventions.

“We’re all sort of finding our way,” says Angela DuPree, One80 Place’s director of operations.

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Posted in * Culture-Watch, * Economics, Politics, * South Carolina, Corporations/Corporate Life, Dieting/Food/Nutrition, Economy, Labor/Labor Unions/Labor Market, Poverty

(CBC) In Ontario, Anglican parishioners consider new options after church Buildings close

Anglican worshippers are saying good-bye to their churches in the Sudbury area.

Long-time St.James parishioner Lori Cameron says the congregation has dwindled to 25 and can’t afford to maintain the Paris Street building.

The last service will be held Dec. 7. After that, they have tentative plans to rent a storefront in a mall.

Another church, St. Mark’s in Garson, was just put on the market and the worshippers are now populating other congregations.

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

(Politico) Senate rejects Keystone Pipeline bill

Sen. Mary Landrieu’s bid to pass a Keystone XL pipeline bill fell short by the slimmest of margins Tuesday, leaving the $8 billion pipeline still on the table for the ascendant Republican Party to push the project to President Barack Obama’s desk in January.

The 59-41 Senate vote was just shy of the 60 votes needed to pass the bill, following a dramatic six days of whipping by the embattled Louisiana Democrat on an issue that almost all of Washington had expected to sit idle until next year.

The defeat deals a blow to Landrieu’s campaign ahead of her Dec. 6 runoff against GOP Rep. Bill Cassidy, whom polls show running comfortably ahead. Winning on Keystone would have helped her demonstrate her clout on the Hill as a champion of her state’s influential oil and gas industry.

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Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Canada, Corporations/Corporate Life, Economy, Energy, Natural Resources, Ethics / Moral Theology, Foreign Relations, Labor/Labor Unions/Labor Market, Politics in General, Senate, Theology

(FT) Technology groups in a war to dominate the world of work

The war between the giants of the technology industry for the attention of the world’s office workers look like it is about to take an unexpected turn.

Fundamental changes in the daily lives of millions of so-called “information workers” have already triggered a corresponding upheaval in the technology tools on which they rely. Staples such as email and Microsoft’s Office suite of products still hold sway, but they are increasingly being supplemented by services like group chat, internal social networks and shared online document editing.

Now, Facebook’s ambition to create a version of its social network for the office, first reported in the Financial Times this week, promises a new twist.

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