Category : Economy

(Economist) Ebola in graphics–The toll of a tragedy

The first reported case in the Ebola outbreak ravaging west Africa dates back to December 2013, in Guéckédou, a forested area of Guinea near the border with Liberia and Sierra Leone. Travellers took it across the border: by late March, Liberia had reported eight suspected cases and Sierra Leone six. By the end of June 759 people had been infected and 467 people had died from the disease, making this the worst ever Ebola outbreak. The numbers do not just keep climbing, they are accelerating. As of October 8th, 8,399 cases and 4,033 deaths had been reported worldwide, the vast majority of them in these same three countries. Many suspect these estimates are badly undercooked.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Africa, Economy, Ethics / Moral Theology, Globalization, Health & Medicine, Politics in General, Theology

(DallasNews) Health care worker at Presbyterian Hospital in Dallas tests positive for Ebola

A Texas Health Presbyterian Hospital health care worker in Dallas who had “extensive contact” with the first Ebola patient to die in the United States has contracted the disease.

The Centers for Disease Control and Prevention in Atlanta confirmed the news Sunday afternoon after an official test.

The infected person detected a fever Friday night and drove herself to the Presbyterian emergency room, where she was placed in isolation 90 minutes later. A blood sample sent to the state health lab in Austin confirmed Saturday night that she had Ebola ”” the first person to contract the disease in the United States.

The director for the Centers for Disease Control and Prevention said Sunday that the infection in the health care worker, who was not on the organization’s watch list for people who had contact with Ebola patient Thomas Eric Duncan, resulted from a “breach in protocol.”

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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, Health & Medicine, Labor/Labor Unions/Labor Market, Pastoral Theology, Theology

(Local paper) 2 international companies step up their presence in the South Carolina Lowcountry

Two major international companies put a huge stamp on the Lowcountry’s economy last week.

French high-voltage cablemaker Nexans officially opened an $85 million facility on the Cooper River in Berkeley County in Bushy Park Industrial Complex on Wednesday, while Japan-based Showa Denko Carbon on Friday celebrated a $300 million expansion of its 31-year-old factory near Ridgeville in Dorchester County.

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Posted in * Culture-Watch, * Economics, Politics, * South Carolina, Corporations/Corporate Life, Economy, Globalization, Labor/Labor Unions/Labor Market

Martin Feldstein in an Important interview on European weakness, the ECB, +the Federal Reserve

Watch it all.

Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Europe, European Central Bank, Federal Reserve, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, The Banking System/Sector, The U.S. Government, Theology

Melbourne council joins divestment ranks

Around 30 cities and counties internationally have made similar commitments, including Seattle, Dunedin, and Oxford. The announcement also comes hot on the heels of similar divestment commitments made by Local Government Super and the Anglican Diocese of Perth.

The decision affects millions of dollars in council investments – a May report showed the council had cash and investments of 36 million dollars. Moreland’s principal bank is the Commonwealth Bank, which like each of the ‘Big 4’ is a major lender to fossil fuel projects around the country, including controversial coal projects on the east coast.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, Anglican Church of Australia, Anglican Provinces, Australia / NZ, Consumer/consumer spending, Economy, Ethics / Moral Theology, Science & Technology, Stock Market, Theology

(CC) Todd Brenneman–Are the Osteens evangelical outliers?

For many evangelicals, the Osteens are on the periphery of Christianity. They represent the “prosperity gospel”””a message that claims that God will bless the faithful with financial gain. Prosperity preachers often live extravagant lifestyles and point to their wealth as evidence of their message. They often quote biblical passages, taking them very literally, to further their claims that God’s desire is health and wealth.

Many evangelicals, however, assert that God doesn’t work in this way. Faithfulness to God doesn’t mean blessings from above, especially in such worldly pursuits. They try to distance themselves from the prosperity gospel, claiming that it doesn’t represent Christianity but a misunderstanding of it.

It is possible, however, that the Osteens represent not the margins but the center of evangelicalism. Considering the Osteens’ popularity, they garner a sizable audience that shouldn’t be ignored. Additionally, when one compares the Osteens to other popular evangelical authors such as Max Lucado and Rick Warren, several patterns emerge, suggesting that Osteens aren’t that far from what most evangelicals are looking for.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, America/U.S.A., Consumer/consumer spending, Economy, Evangelicals, Other Churches, Psychology, Religion & Culture

(FT) Martin Wolf–We are trapped in a cycle of credit booms

Huge expansions in credit followed by crises and attempts to manage the aftermath have become a feature of the world economy. Today the US and UK may be escaping from the crises that hit seven years ago. But the eurozone is mired in post-crisis stagnation and China is struggling with the debt it built up in its attempt to offset the loss of export earnings after the crisis hit in 2008.

Without an unsustainable credit boom somewhere, the world economy seems incapable of generating growth in demand sufficient to absorb potential supply. It looks like a law of the conservation of credit booms. Consider the past quarter century: a credit boom in Japan that collapsed after 1990; a credit boom in Asian emerging economies that collapsed in 1997; a credit boom in the north Atlantic economies that collapsed after 2007; and finally in China. Each is greeted as a new era of prosperity, to collapse into crisis and post-crisis malaise.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Asia, China, Consumer/consumer spending, Corporations/Corporate Life, Economy, Europe, European Central Bank, Federal Reserve, Globalization, History, The U.S. Government

Ireland's Commercial Court: where dark corners of economy dominated the dock

The court, now entering its second decade under Mr Justice Brian McGovern, has shone a light into some dark recesses of Ireland’s financial and business world, exposing greed and human misery on a grand scale alongside some shoddy and dubious, accounting, auditing, banking, business, legal, regulatory and stockbroking practices.

It has heard of property and other deals involving misappropriation, forged signatures, deceit, lies and secret profits; suspect property and money transfers aimed at avoiding repayment; exorbitant expenses for senior bankers; and slipshod and questionable loans, investments and valuations.

It has also shown existing laws provide limited opportunity to penalise some of these practices and revealed gaps in legislation on corporate crime, including the absence of an offence of reckless lending.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Anthropology, Credit Markets, Currency Markets, Economy, England / UK, Ethics / Moral Theology, Ireland, Law & Legal Issues, Personal Finance, Religion & Culture, Stock Market, The Banking System/Sector, Theology

(Bloomberg) Student Borrowing Increases Among Affluent in U.S., Study Shows

Students from affluent families are taking out loans for college at twice the rate of two decades ago, the fasting-growing borrower’s group.

Fifty percent of graduates in the class of 2012 whose parents had incomes of more than $125,700 left college with loans, up from 24 percent about 20 years earlier, according to a study released today by the Pew Research Center. For graduates whose parental income was below $44,000, the rate rose to 77 percent from 67 percent.

“Across the spectrum, student debt has become an important way to pay for college and even graduates from well-off families rely on debt,” Richard Fry, an economist and primary author of the study, said in an e-mail.

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

Elizabeth Holmes–The college dropout billionaire who’s revolutionizing medicine

A standout member among the new-editions to this very elite club is 30-year old college dropout Elizabeth Holmes. Holmes reportedly “labored in secret” for almost a decade while developing a revolutionary new blood-testing technology. In 2003 she took her findings to the public and founded Theranos– the company announced partnerships with Walgreens and other major drugstores to bring a new type of blood testing to consumers. Holmes’ technology calls only for a single finger-prick and a very small amount of blood for medical testing””as opposed to the full vial (or vials) of blood typically drawn for testing in most labs and medical offices. The prick is said to be painless and Theranos’ testing-methods only a fraction of the cost of commercial labs.

The biotech founder is the youngest self-made woman on the Forbes 400 list with a net worth of $4.5 billion. Holmes dropped out of Stanford University her sophomore year as a chemical engineering major and used her tuition money to found her company. Holmes’ tests do not have to be performed in a doctor’s office, and by skipping the big labs most results can be ready in a few hours. “She could totally overturn an entire industry if Theranos is as successful as it seems to be,” says Brown.

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Posted in * Culture-Watch, * Economics, Politics, Corporations/Corporate Life, Economy, Globalization, Health & Medicine, Science & Technology, Women, Young Adults

(Bloomberg) American Banks Stockpile Treasuries as Deposits Top Loans

American banks are loading up on U.S. government debt, a sign they remain cautious on the economy even with the jobless rate at a six-year low and corporations at their healthiest in a generation.

Commercial lenders increased their holdings of Treasuries (BUSY) and debt from federal agencies in September by $54 billion to an unprecedented $1.99 trillion, data from the Federal Reserve show. Banks have now been net buyers for 12 straight months.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Economy, Ethics / Moral Theology, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Psychology, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology

(Guardian) Archbishop Justin Welby to share a platform with IMF head and BofEngland chief

The theme of this week’s annual meetings of the International Monetary Fund and the World Bank is shared prosperity. In years gone by, the Washington consensus was all about opening up markets and cutting public spending. The new Washington consensus is the need to tackle inequality.

Everybody is getting in on the act. Justin Welby, the archbishop of Canterbury, will share a platform with Christine Lagarde, the head of the IMF, and Mark Carney, the governor of the Bank of England, next weekend to discuss how to make global capitalism more inclusive.

The World Economic Forum ”“ the body that organises the Davos shindig ”“ thinks it can go one better. It is angling to get the pope along for its annual meeting in January.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, --Justin Welby, Archbishop of Canterbury, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Globalization, Labor/Labor Unions/Labor Market, Personal Finance, Theology

(RNS) Following evangelicals, traditional R. Catholics create a health insurance alternative

If you are a Christian who doesn’t smoke, abstains from sex outside your heterosexual marriage and can get your priest to vouch that you go to church at least three times a month, you may qualify for a new Catholic alternative to health insurance.

Taking a cue from evangelicals, a group of traditionalist Catholics on Thursday (Oct. 2) unveiled a cost-sharing network that they say honors their values and ensures that they are not even indirectly supporting health care services such as abortion that contradict their beliefs.

Christ Medicus Foundation CURO, as the group is called, will be financially integrated with Samaritan Ministries International, which was launched in 1991 by an evangelical home-schooling dad. The SMI network now serves 125,000 people and is exempt from the Affordable Care Act.

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Posted in * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Evangelicals, Health & Medicine, Labor/Labor Unions/Labor Market, Other Churches, Religion & Culture, Roman Catholic, Theology

3 Jobs, a lot of Dreams, and the Fatal Consequences of a Dangerous Decision

She dreamed of the bustling streets of Los Angeles and the leafy towns of Pennsylvania. She dreamed of working two jobs, not three. She dreamed of sleeping, really sleeping, for six or seven hours at a stretch.

But dreams rarely pay the rent. So Ms. Fernandes worked three jobs, at three Dunkin’ Donuts stores in northern New Jersey, shuttling from Newark to Linden to Harrison and back. She often slept in her car ”” two hours here, three hours there ”” and usually kept the engine running, ready in an instant to start all over again.

The last day of her life was no different. She got off work at 6 a.m. on Monday, Aug. 25, and climbed into her 2001 Kia Sportage, officials from the Elizabeth Police Department said. She was dreaming again, this time about taking a break to celebrate a milestone with friends. But first, she told her boyfriend, Mr. Carter, during a brief cellphone conversation, she was going to take a nap.

Read the whole heart breaking tale.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Death / Burial / Funerals, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Parish Ministry, Psychology, Theology

Joe Nocera on thinking outside the Box–Paralysis Isn’t Inevitable

One of the hardest things for us to do is to envision a future that is different from the present. For instance, we live in an age of paralyzed politics, so it is hard, in the here and now, to imagine what could change that. A second example: It is difficult to think of a scenario where federal gun legislation could be passed over the objections of the National Rifle Association. And a third: Income inequality has been the trend for some three decades; doesn’t it look as if it will always be that way?

What prompts these thoughts are two papers that landed on my desk recently. Although they tackle very different issues, they have one thing in common: They imagine a future that breaks from the present path.

The first is a draft of a speech given earlier this month at TEDMED by Daniel Webster, the director of the Johns Hopkins Center for Gun Policy and Research. (TEDMED is associated with TED Talks.) The second is an article in the latest edition of the Harvard Business Review by Roger Martin, the former dean of the Rotman School of Management at the University of Toronto.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Economy, History, House of Representatives, Law & Legal Issues, Office of the President, Politics in General, Psychology, Senate, The U.S. Government, Violence

(WSJ) U.S. Job Growth Rebounds in September

U.S. job growth rebounded in September and the jobless rate fell below 6% for the first time since mid-2008, suggesting the labor market is improving faster than previously thought.

Nonfarm payrolls grew a seasonally adjusted 248,000 last month, the fastest pace since June, the Labor Department said Friday.

Revisions showed stronger job growth in prior months than previously estimated. The economy added 180,000 jobs in August instead of the initially reported 142,000. It created 243,000 in July, up from an earlier estimate of 212,000.

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Posted in * Economics, Politics, Economy, Labor/Labor Unions/Labor Market, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

Rana Foroohar (Time) completely nails it on the struggling US economy: "very, very broken"

A little over three years ago, I wrote a column titled “The 2% Economy,” explaining how a recovery with only 2% GDP growth, no new middle-class jobs and stagnant wages wasn’t really a recovery after all. Like everyone, I hoped that once growth kicked up to about 3%, middle-class jobs and wages would finally revive.

But we’re now in a 3% economy, and I’m writing the same column. Only this time, the message is more disturbing. Growth is back. Unemployment is down. But only a fraction of the jobs lost during the Great Recession that pay more than $15 per hour have been found. And wage growth is still hovering near zero, where it’s been for the past decade. Something is very, very broken in our economy.

Read it all (my emphasis).

Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Federal Reserve, House of Representatives, Labor/Labor Unions/Labor Market, Office of the President, Politics in General, Senate, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government, Theology

(HBR) Where The fastest growth in U.S. employment will occur going forward

When the U.S. Bureau of Labor Statistics looks into its crystal ball, it sees an aging population in need of care and a construction industry still rebounding from the Great Recession. In the decade from 2012 to 2022, the fastest growth in U.S. employment will take place in the health care, health care support, construction, and personal care fields. These four categories are expected to account for more than a third””about 6.6 million””of all new jobs.

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Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Consumer/consumer spending, Corporations/Corporate Life, Economy, Labor/Labor Unions/Labor Market

(CNN Money) More and more Hospitals ask patients to pay upfront

The policies available on the Obamacare exchanges are hastening this trend. Many enrollees are opting for the bronze and silver plans, which often carry deductibles upwards of $5,000 and $2,000, respectively.

“The bronze plans are scaring a lot of administrators because the patient liability is so large,” said Debra Lowe, administrative director of revenue cycle at Ohio State University’s Wexner Medical Center. “Patients are unaware they have this high deductible.”

Upfront payments aren’t usually required, but more hospitals are asking patients to settle the bill in advance. If patients can’t afford the charges, some hospitals place them into financial assistance programs, such as payment plans or low-interest loans. Others help them sign up for Medicaid or individual coverage on the Obamacare exchanges. Patients can still opt to wait until after the bill goes through their insurance.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --The 2009 American Health Care Reform Debate, America/U.S.A., Corporations/Corporate Life, Economy, Health & Medicine, Personal Finance

(NYT Op-ed) Ross Douthat–The Cult Deficit and what it says about our Time

Twice in the last few months I’ve encountered writers taking note of this shift, and both have made a similar (and provocative) point: The decline of cults, while good news for anxious parents of potential devotees, might actually be a worrying sign for Western culture, an indicator not only of religious stagnation but of declining creativity writ large.

The first writer is Philip Jenkins, a prolific religious historian, who argues that the decline in “the number and scale of controversial fringe sects” is both “genuine and epochal,” and something that should worry more mainstream religious believers rather than comfort them. A wild fringe, he suggests, is often a sign of a healthy, vital center, and a religious culture that lacks for charismatic weirdos may lack “a solid core of spiritual activism and inquiry” as well.

The second writer is Peter Thiel, the PayPal co-founder, venture capitalist and controversialist, who includes an interesting aside about the decline of cults in his new book, “Zero to One” ”” officially a book of advice to would-be entrepreneurs, but really a treatise on escaping what he regards as the developed world’s 40-year economic, technological and cultural malaise.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, History, Philosophy, Psychology, Religion & Culture, Science & Technology, Theology

(The Economist Erasmus Blog) Western leaders and Islam: Politicians as theologians

Should democratically elected leaders in more or less secular countries ever say that this or that religion is essentially good or essentially bad? The dilemma is especially acute, perhaps, if the religion that they want to speak about is one which they don’t happen to practise, and presumably don’t know about in any depth. But ever since September 2001, and especially over the last few weeks of intensifying conflict with Islamic State, it has been a question that Western heads of government cannot completely duck. The West is at war with an adversary which claims to be acting in the name of Islam. Does that mean that the West is, in any sense whatever, at war with Islam?

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

Local paper profiles Berkeley Electric CEO who also serves and sometimes preaches at his parish

In his spare time, he likes to hunt, fish, hike or camp. And some Sundays might find Cartwright in the pulpit. He occasionally serves as a fill-in pastor at Bonneau’s First Baptist Church, where he attends.

[Dwayne] Cartwright has not only a degree in history, but also religion. His father, Norman, is a pastor, and the younger Cartwright followed a calling to become ordained as well at age 22. In addition to a full-time job, he served as minister at Corinth Baptist Church in Salem, Mo., for 25 years.

“I enjoy helping people very much,” he said. “I am an encourager. It gets back to my gratification from seeing people succeed.”

Bonneau First Baptist Church Pastor Ken Owens called Cartwright a model citizen.

“He is a man of integrity with Christian principles,” Owens said. “On many occasions when I’m out of town on vacation or at conferences, he preaches for us and does a tremendous job. If he’s available, he will be there.”

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * South Carolina, Corporations/Corporate Life, Economy, Labor/Labor Unions/Labor Market, Parish Ministry, Preaching / Homiletics, Religion & Culture

Boeing: Asia Pacific region leads global demand for pilots, technicians

Boeing Co. projects the Asia Pacific region’s demand for new commercial pilots and maintenance technicians over the next 20 years will be 39 percent of the global need for new airline personnel.

The Chicago-based airplane manufacturer’s Pilot and Technician Outlook, an industry forecast of aviation personnel demand, projects a requirement for 216,000 new commercial airline pilots and 224,000 new technicians in the Asia Pacific region through 2033, more demand than North America and Europe combined.

“The Asia Pacific region is seeing tremendous economic growth and is set to become the largest air travel market in the world,” said Bob Bellitto, a director at Boeing Flight Services. “That growth rate means booming career opportunities for those interested in becoming commercial airline pilots and maintenance technicians over the next two decades. These are strong, stable and challenging jobs in one of the most technologically advanced industries in the world.”

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * South Carolina, Asia, Corporations/Corporate Life, Economy, Globalization, Labor/Labor Unions/Labor Market

([London] Times) Britain caught in a lost decade for pay

The “squeezed middle” is being forced to endure a lower standard of living more than a decade on from the credit crunch, keeping consumer spending growth below pre-crisis levels.

The EY Item Club predicts that real take-home pay in 2017 will still be below the rate in 2007 because of subdued wage growth.

The economic forecaster’s report will make for uneasy reading for George Osborne as he prepares to address the Conservative party conference today, and it is compounded by further evidence from a free market think-tank of the existence of a “cost of living crisis”.

Read it all (requires subscription).

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Anthropology, Children, Consumer/consumer spending, Corporations/Corporate Life, Economy, England / UK, Ethics / Moral Theology, History, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Marriage & Family, Personal Finance, Politics in General, Theology

Prime Minister Narendra Modi’s visit to U.S. builds on positive feelings between Indians+Americans

While Madison Square Garden’s sold-out shows usually include headliners like Bruce Springsteen, Madonna or Arcade Fire, Sunday’s reception for Indian Prime Minister Narendra Modi is expected to draw an equally massive crowd of nearly 20,000 Indian Americans. Modi’s appearance at the midtown Manhattan entertainment venue is part of his first trip to the U.S. as leader of the world’s largest democracy and comes at a time when people of both countries continue to see each other in a largely positive light.

In India, a majority of the public (55%) has a favorable view of the U. S., including 30% with a very positive outlook, according to a Pew Research survey conducted last spring. Only 16% see the U.S. unfavorably, while 29% offer no opinion. These high ratings are essentially unchanged from late last year, when 56% of the Indian public gave the U.S. positive marks.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Asia, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Foreign Relations, Globalization, Politics in General, Theology

South Carolina Gov. Nikki Haley to visit with India's prime minister in NY

South Carolina Gov. Nikki Haley is heading to New York this weekend to meet with India Prime Minister Narendra Modi.

Haley’s office said Friday the governor will be joined by her husband and her parents, who were born in India. Haley will also spend some time in private discussions with Modi on Sunday.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * South Carolina, America/U.S.A., Asia, Economy, Foreign Relations, Globalization, India, Politics in General, State Government

(USA Today Editorial) Gambling states addicted to easy money

With Atlantic City casino revenue in a steep decline, last year New Jersey began offering online gambling to its citizens. It didn’t help much, so now the state wants to take a bigger step.

Gov. Chris Christie has given the go-ahead for casinos and racetracks to offer sports betting, despite a 1992 federal law that bans the practice in all but four states where it previously existed. A federal judge will hear Christie’s argument on Oct. 6. If he’s successful, online sports gambling will surely follow.

New Jersey is a prime example of how states are the worst offenders in the world of gambling. They are both addicts and pushers. They throw temper tantrums and upset settled policy when their fix of gambling revenue runs low. And rather than compensating for the effects, they encourage their own citizens to gamble more and in different ways.

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Posted in * Culture-Watch, * Economics, Politics, Corporations/Corporate Life, Economy, Gambling, Pastoral Theology, Personal Finance, Politics in General, Poverty, State Government, Theology

Makes the Heart Sad Dept–The Mentally ill population in the lrgst U.S. jail systm is out of control

Inmates in suicide-proof gowns scream and bang on their cell doors one floor below Terri McDonald’s office in the Twin Towers Correctional Facility. The bedlam is a reminder, if she needs one, that the mentally ill population in the largest U.S. jail system is out of control.

It’s a “shameful social and public-safety issue,” said McDonald, the assistant sheriff who runs Los Angeles County’s jails. “I believe we can do better. I believe at some point in the future we’ll look back and wonder, ”˜What took so long?’”

That’s been a question for years. Conditions for mentally ill inmates in the county have been a focus of federal probes since 1997, and the number with psychiatric disorders was an issue in a recent debate over a new jail. Keeping a mentally ill person behind bars can cost more than $50,000 annually, while treatment could run two-thirds less. Criminal justice systems from Seattle to Miami with aggressive jail-diversion efforts have cut inmate headcounts — and lowered recidivism rates.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Economy, Ethics / Moral Theology, Law & Legal Issues, Mental Illness, Politics in General, Prison/Prison Ministry, Psychology, State Government, Theology

(Weekly Standard) 1 in 4 Americans 25-54 Not Working

“There are 124.5 million Americans in their prime working years (ages 25”“54). Nearly one-quarter of this group””28.9 million people, or 23.2 percent of the total””is not currently employed. They either became so discouraged that they left the labor force entirely, or they are in the labor force but unemployed. This group of non-employed individuals is more than 3.5 million larger than before the recession began in 2007,” writes the Republican side of the Senate Budget Committee.

“Those attempting to minimize the startling figures about America’s vanishing workforce””workplace participation overall is near a four-decade low””will say an aging population is to blame. But in fact, while the workforce overall has shrunk nearly 10 million since 2009, the cohort of workers in the labor force ages 55 to 64 has actually increased over that same period, with many delaying retirement due to poor economic conditions.

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

(Gallup) World Faces Shortage in Purpose Well-Being

Fewer than one in five adults worldwide can be considered thriving — or strong and consistent — in levels of purpose well-being, as measured by the inaugural Gallup-Healthways Global Well-Being Index in 2013. Residents living in the Americas are the most likely to be thriving in this element (37%), while those in Asia and the Middle East and North Africa are the least likely (13%).

The Global Well-Being Index measures each of the five elements of well-being — purpose, social, financial, community, and physical – through Gallup’s World Poll. Purpose well-being, which is defined as people liking what they do each day and being motivated to achieve their goals, was the lowest performing element of the five elements of well-being. Global results of how people fare in 135 countries and areas in this element, as well as the four other elements, have been compiled in the State of Global Well-Being report.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Anthropology, Children, Economy, Globalization, Labor/Labor Unions/Labor Market, Marriage & Family, Personal Finance, Psychology, Sociology, Theology