Category : Economy

In British Columbia, Property sale could fund Holy Trinity Cathedral restoration

Holy Trinity Cathedral is a monument to New Westminster’s past.

But to restore it to its former glory may require a modern solution.

The Anglican/Episcopalian church sits regally perched above Downtown at the top of Church Street.

It’s tucked away, surrounded by the police station, a nightclub, the Columbia SkyTrain station and high rises.

And now the congregation is hoping the city will be open to the idea of a plan that would put a residential tower on the site, and help them fix their church.

Read it all.

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, Urban/City Life and Issues

(BBC) In Scotland, Church concerned at evidence of rising funeral costs

An increase in the cost of funerals has left many families under “huge strain” to pay for them, according to a report.

The Church of Scotland’s report showed that in some areas charges have increased by almost 300% in five years.

The average increase was found to be 62% from five years ago, with a 36% rise in the past three years.

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, Consumer/consumer spending, Death / Burial / Funerals, Economy, England / UK, Ethics / Moral Theology, Parish Ministry, Personal Finance, Religion & Culture, Scotland, Theology

(Globe and Mail) Ritch Eich–The ruin of too many leaders: Failure to execute

A day seldom goes by when we don’t read about the ouster of a chief executive officer, owing to a failure to produce promised results, a merger that falls apart, a product launch that does not to live up to its hype or a technology meltdown.

Companies like Hewlett-Packard, J.C. Penney, United Airlines’ no-frills carrier Ted, Gap Inc., and many others come to mind. The single most common reason for being turfed? A failure to execute, of which there are several causes….

3. Unproductive meetings

Too often, meetings occur where attendees either discuss mundane, pointless subjects that don’t affect the overall success of the project and waste everyone’s time, or where consultant firms present findings yet participants leave the meeting without a precise commitment to implement the agreed-upon game plan. Meetings need to have an adhered-to agenda, as well as start and finish times with which everyone complies. If someone is late, shut him or her out, and it won’t likely happen again.

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

(CSM) Danny Heitman–How I fought the American addiction to 'more stuff'

…there’s a difference between consumer-driven clutter and the hoarding of HGTV that stems from deep psychological trauma. But truth be told, as 2014 began, I’d begun to feel as if moss were gradually growing over my life, the rooms around me narrowed by the presence of things that burdened rather than blessed my existence.

As Easter approached, a pledge formed. I promised myself that day by day, I’d say goodbye to at least one book no longer read, or shirt no longer worn, or tool no longer used. My inspiration came from the writer Elizabeth Bishop, who famously urged her readers in a poem called “One Art” to “lose something every day.”

Bishop’s poem is about a great many things, including the maturity that comes from deep loss. But on one level, it can be read as a hymn to traveling light. What Bishop seems to say is that losing what we own can be a form of liberation, allowing us to move more freely toward fresh possibilities. It’s an idea as old as the Scriptures, at the heart of Henry David Thoreau’s “Walden,” and as topical as the latest blog post about simple living.

But like any ideal, household economy is easier embraced than achieved, as I quickly discovered during my 40-Days-to-a-Thinner-House Plan.

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Parish Ministry, Personal Finance, Religion & Culture, Stewardship, Theology

(WSJ) Google Says Its Self-Driving Cars Can Tackle City Streets Now

Google said Monday that its self-driving cars are now capable of maneuvering through city streets, a more complex challenge than the highway driving the project initially focused on.

The project, launched in 2009 as one of Google’s first long-term “moonshot” research initiatives, has logged about 700,000 autonomous driving miles using roughly 24 sensor-loaded Lexus RX450h vehicles. That is up from more than 300,000 miles in August 2012, the last time Google issued an update. Google said it has caused no accidents so far when its vehicles are in self-driving mode.

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

Rise in cremations changing future of monument industry

“While the economy is recovering and families are beginning to have more financial flexibility, they are still very cautious when making major purchases. If they can spend less, but still get something very tasteful and befitting their loved one, a family may choose that option,” says Jessica Koth, spokeswoman for the National Funeral Directors Association.

And if any movement is changing the monument business most, it is the huge rise in cremations.

Today, about 43 percent of people are cremated. Compare that to 2000 when only one in four people were cremated. In 1970, fewer than 5 percent of people were cremated.

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * South Carolina, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Death / Burial / Funerals, Economy, Eschatology, Labor/Labor Unions/Labor Market, Parish Ministry, Personal Finance, Religion & Culture, Theology

(Economist) A billion shades of grey–the challenge of an aging Global Economy

The world is on the cusp of a staggering rise in the number of old people, and they will live longer than ever before. Over the next 20 years the global population of those aged 65 or more will almost double, from 600m to 1.1 billion. The experience of the 20th century, when greater longevity translated into more years in retirement rather than more years at work, has persuaded many observers that this shift will lead to slower economic growth and “secular stagnation”, while the swelling ranks of pensioners will bust government budgets.

But the notion of a sharp division between the working young and the idle old misses a new trend, the growing gap between the skilled and the unskilled. Employment rates are falling among younger unskilled people, whereas older skilled folk are working longer. The divide is most extreme in America, where well-educated baby-boomers are putting off retirement while many less-skilled younger people have dropped out of the workforce.

Policy is partly responsible. Many European governments have abandoned policies that used to encourage people to retire early. Rising life expectancy, combined with the replacement of generous defined-benefit pension plans with stingier defined-contribution ones, means that even the better-off must work longer to have a comfortable retirement. But the changing nature of work also plays a big role.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Aging / the Elderly, Anthropology, Economy, Ethics / Moral Theology, Globalization, Labor/Labor Unions/Labor Market, Politics in General, Theology

PBS ' Religion and Ethics Newsweekly–India’s Domestic Workers

One of the Indian capital’s best known lobbyists for domestic workers is a Belgian nun. Jeanne Devos founded the National Domestic Workers Movement 34 years ago. It tries to organize among this vast informal workforce, by some estimates as high as 40 million mostly women. Many were trafficked into the work as children.

SISTER JEANNE DEVOS (Founder, National Domestic Workers Movement): That’s a whole network of money, racket””it’s amazing. It’s one of the biggest incomes for most people. Just go to the villages, get them poor children, sell them back in the city.

LEEZA JOSEPH: Domestic workers are very invisible. They are not recognized as workers.

DE SAM LAZARO: Leeza Joseph heads the movement’s Delhi office.

Read or watch and listen to it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Asia, Economy, India, Labor/Labor Unions/Labor Market, Religion & Culture, Women

(W Post) Middle-class families squeezed as expenses soar, wages stall

The Johnsons both work, earning $90,000 between them, not a princely sum but one that places the couple squarely in the middle of household incomes for the Washington region. But for the Johnsons and many other American families, being middle class means living paycheck to paycheck.

The couple’s retirement savings are meager. The college fund? Nonexistent.

The Johnsons, whose blended family includes three children under 18, are part of a drawn-out, disquieting shift that is recasting what it means to be middle class in America.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Children, Consumer/consumer spending, Economy, Ethics / Moral Theology, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Marriage & Family, Personal Finance, Politics in General, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology

Rural communities in uproar as 250 Anglcn churches use ancient rules that cd leave them facing bills

At least 250 Parochial Church Councils, who administer Anglican parishes, have registered Chancel Repair Liability (CRL) against 12,000 properties where ancient deeds permit this. Under the medieval law affected landowners, whether or not they are Anglicans let alone Christians, can be liable for repair of their local Anglican church if built before 1536 even though this was not shown in their deeds when they purchased the property.

The potential bills, and crippling legal fees if they decide to fight, has left families struggling to deal with the anxiety and is tearing parishes apart. The list, seen by The Independent, includes PCCs spread over practically every diocese, with the greatest number of parishes affected in Ely and Lincoln.

The greatest number of registrations are in Lytham St Annes, Lancashire, and Gorleston, Norfolk. In others only far fewer properties have been registered ”“ sometimes only one ”“ potentially exposing the owners to far greater liabilities. A further 5,000 parishes have not registered CRL but theoretically could still do so.

Read it all from the Independent.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, Anglican Provinces, Church of England (CoE), Economy, England / UK, Ethics / Moral Theology, Parish Ministry, Religion & Culture, Stewardship, Theology

(Telegraph) Ukraine crisis: G7 to 'intensify sanctions' on Russia

The G7 group of nations agreed on Saturday to impose sanctions on Russia over its meddling in Ukraine, adding to international pressure on Moscow.

The move effectively adds the voices of Canada and Japan to Friday’s announcement by America, Germany, France, Italy and the UK that further sanctions were imminent.

The G7 group, which represents seven of the world’s major economies, said it hoped the measures would have a “significant impact” in persuading the Kremlin to stop stirring separatist violence in eastern Ukraine.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Defense, National Security, Military, Economy, Ethics / Moral Theology, Europe, Foreign Relations, Globalization, Politics in General, Russia, Theology, Ukraine

Landmark Brooklyn Episcopal church lays off key longtime staff

This week, the layoffs and pending departures of two key staff members have shocked the Brooklyn Heights community and again have raised the issues of how costly the maintenance of that building envelope remains.

The Rev. John E. Denaro, rector of St. Ann & the Holy Trinity Church, announced the layoffs of longtime organist and music director Gregory Eaton, and of one of the church’s two sextons (church building custodians). The Rev. Sarah Kooperkamp, who serves as associate rector, is leaving for different reasons, including the birth of her first child.

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Economics, Politics, Economy, Episcopal Church (TEC), Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Missions, Pastoral Theology, Theology

(WSJ Front Page) Demand for Home Loans Plunges to 14 year low

Mortgage lending declined to the lowest level in 14 years in the first quarter as homeowners pulled back sharply from refinancing and house hunters showed little appetite for new loans, the latest sign of how rising interest rates have dented the housing recovery.

Lenders originated $235 billion in mortgage loans during the January-March quarter, down 58% from the same period a year ago and down 23% from the fourth quarter of 2013, according to industry newsletter Inside Mortgage Finance.

The decline shows how the mortgage market is experiencing its largest shift in more than a decade as an era of generally falling interest rates that began in 2000 appears to have run its course.

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Posted in * Economics, Politics, Anthropology, Economy, Ethics / Moral Theology, Housing/Real Estate Market, Personal Finance, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology

(NPR) With Medical Debt Rising, Some Doctors Push For Payment Upfront

The recent economic downturn and the increasing use of high-deductible insurance plans “has driven patients to want to put off paying their bills,” Michael explains. Whether it’s for a hip replacement or a broken bone, he frequently sees patients on the hook for a $3,000 to $5,000 deductible.

“We have to be able to be the creditor,” says Michael. “We’re essentially a bank at that point.”

Between 2008 and 2012, multi-specialty practices saw their bad debt go up 14 percent, according to a survey by the , a trade organization for doctor practices. That’s money that practices were owed but couldn’t collect. Some of them have begun to change their billing strategies to combat those debts, says , a principal consultant with the MGMA Health Care Consulting Group.

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Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Economy, Health & Medicine, Personal Finance

(Spectator) Ed West–The Mozilla controversy suggests that the sexual revolution is getting ugly

I find…[Mozilla’s executive chairwoman Mitchell Baker’s] words chilling. [Brendan] Eich did not, as far as I can find and I’m willing to be proved wrong, say anything inflammatory or hateful, he merely disagreed with some people on an issue, one that did not even exist as an idea before the millennium. It was ”˜controversial’ only in the sense that the media-Left use the word, to mean ”˜ideas we disagree with and therefore deem beyond the pale’ (likewise ”˜divisive’, another weasel word employed to dull the mind into submission).

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --Civil Unions & Partnerships, America/U.S.A., Anthropology, Corporations/Corporate Life, Economy, England / UK, Ethics / Moral Theology, Law & Legal Issues, Marriage & Family, Politics in General, Psychology, Religion & Culture, Sexuality, Theology

(W Post) Catherine Rampell–”˜Marriage penalty’ takes a bite out of working families

The people who really suffer from the marriage penalty are lower-income families with young children ”” you know, those people constantly scolded by the Family Values Police for eschewing the bonds of holy matrimony or for being too lazy to work.

Consider a family in which the husband earns $25,000 and the wife stays home to care for their children. (Women are more often the more marginal earners, both because they earn lower wages and because they are more likely to be primary caregivers.) This family would face a series of painful “marriage penalties” if the mother decides to join the paid labor force.

If she takes on a $25,000 job, the family would lose the entirety of their earned-income tax credit ”” about $5,000 ”” and pay an additional $6,000 in payroll and federal income taxes, according to calculations from a recent report by the Hamilton Project, a nonpartisan think tank. This family would also lose access to about $2,600 worth of food stamp benefits, as well as other means-tested benefits, such as Medicaid. (The exact amount of lost benefits depends on which state they live in.)

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Posted in * Culture-Watch, * Economics, Politics, Economy, Ethics / Moral Theology, Marriage & Family, Personal Finance, Politics in General, Taxes, Theology

(Nightline) Creative Exec Behind 'Frozen,' 'Toy Story' Reveals Secrets for Inspiration

The highest-grossing animated film of all time is Disney’s “Frozen.” The second highest is Pixar’s “Toy Story 3.”

One common denominator between them: The same man is in charge of both companies.

Ed Catmull may not be a household name, but you’ve seen his movies — and his imagination. He helped create the entire field of computer animation.

“As a child, my heroes were Walt Disney and Albert Einstein,” Catmull said. “So I basically wanted to be an animator, but when I left high school, I didn’t know how to proceed. There were no schools for it.”

Read it all.

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

(NYT) The American Middle Class Is No Longer the World’s Best Off

The American middle class, long the most affluent in the world, has lost that distinction.

While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades.

After-tax middle-class incomes in Canada ”” substantially behind in 2000 ”” now appear to be higher than in the United States. The poor in much of Europe earn more than poor Americans.

Read it all from the front page of today’s NY Times.

Posted in * Culture-Watch, * Economics, Politics, Anthropology, Consumer/consumer spending, Economy, Ethics / Moral Theology, Globalization, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Personal Finance, Theology

(WSJ) Manchester United Is Losing, but (Club Owners the) Glazers Aren't

The firing Tuesday of coach David Moyes followed Manchester United’s worst on-pitch performance in 24 years, seemingly vindicating those fans who foresaw failure under the team’s American owners.

From the point of view of those owners, the acquisition is hardly a bust. Since the Glazer family””owners of the NFL’s Tampa Bay Buccaneers””gained control of United in 2005, team revenue has nearly doubled on the strength of licensing deals with corporate giants around the world. Since a 2012 offering that transferred 10% of the English soccer club to the public, the value of United shares has climbed 34% to $18.78. That suggests that the franchise is worth $3.1 billion””more than twice what the Glazers paid.

But their quick firing of Moyes””who only this season took over following the retirement of the legendary Alex Ferguson ””suggests the Glazer family doesn’t regard United’s popularity as unshakable, especially at a time when other Premier League teams are pursuing global sponsors and audiences and spending lavishly on players.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Consumer/consumer spending, Corporations/Corporate Life, Economy, England / UK, Sports

(LA Times) Moving in with parents becomes more common for the middle-aged

At a time when the still sluggish economy has sent a flood of jobless young adults back home, older people are quietly moving in with their parents at twice the rate of their younger counterparts.

For seven years through 2012, the number of Californians aged 50 to 64 who live in their parents’ homes swelled 67.6% to about 194,000, according to the UCLA Center for Health Policy Research and the Insight Center for Community Economic Development.

The jump is almost exclusively the result of financial hardship caused by the recession rather than for other reasons, such as the need to care for aging parents, said Steven P. Wallace, a UCLA professor of public health who crunched the data.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Anthropology, Children, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Marriage & Family, Middle Age, Personal Finance, Politics in General, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology

(Economist) Revving up–More young Britons are joining the priesthood

AT A recent school careers fair, one stall stood apart. Its attendant touted a job that involves 60-hour weeks, including weekends, and pays £24,000 ($40,000) a year. Despite her unpromising pitch, the young vicar drew a crowd.

God’s work is growing more difficult. Attendance on Sundays is falling; church coffers are emptying. Yet more young Britons are choosing to be priests. In 2013 the Church of England started training 113 20-somethings””the most for two decades (although still too few to replace retirees). The number of new trainees for the Roman Catholic priesthood in England and Wales has almost doubled since 2003, with 63 starting in 2012, and their average age has fallen.

Church recruiters have fought hard for this. Plummeting numbers of budding Catholic priests in the 1990s underlined the need for a new approach, says Christopher Jamison, a senior monk. The Church of England used to favour applicants with a few years’ experience in other professions. Now it sees that “youth and vitality are huge assets”, says Liz Boughton, who works for the church.

Read it all.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Anglican Provinces, Church of England (CoE), Economy, England / UK, Labor/Labor Unions/Labor Market, Ministry of the Ordained, Other Churches, Parish Ministry, Religion & Culture, Roman Catholic, Young Adults

(Nightline) How Our Selfie Obsession Has Turned Looking Good Into Fight for Internet Fame

…for many, it’s no longer good enough to just “be yourself” online, and selfie lovers want to put their best face forward.

“The days of that bare fresh face, no retouching, are kind of behind us. I think we’re all moving into an era that it’s so easy to do,” image and fashion consultant Lori Ann Robinson said.

Like millions of people, Triana Lavey loves taking selfies, but doesn’t always love the result. She uses the Perfect365 app to touch up her photos now, but she used to hate the way she looked so much that she underwent a radical transformation, all to look better online.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, --Social Networking, Anthropology, Blogging & the Internet, Consumer/consumer spending, Economy, Ethics / Moral Theology, Health & Medicine, Psychology, Science & Technology, Theology

Pew Research Reports important report on "the next America"

We start with this reality: Social Security and Medicare are practically sacrosanct. Nearly nine-in-ten Americans say they’re good for the country. That’s an amazing number. But the popularity of these programs really isn’t all that surprising. People love them because they do what they were created to do. They ease many of the frets and dreads of old age ”“ a blessing not just for seniors but for everyone who loves, supports and depends on seniors. Which is to say, everyone.

But the status quo is unsustainable. Some 10,000 Baby Boomers will be going on Social Security and Medicare every single day between now and 2030. By the time everyone in this big pig-in-the-python generation is drawing benefits, we’ll have just two workers per beneficiary ”“ down from three-to-one now, five-to-one in 1960 and more than forty-to-one in 1945, shortly after Social Security first started supporting beneficiaries.

The math of the 20th century simply won’t work in the 21st. Today’s young are paying taxes to support a level of benefits for today’s old that they have no realistic chance of receiving when they become old. And they know it ”“ just 6% of Millennials say they expect to receive full benefits from Social Security when they retire. Fully half believe they’ll get nothing.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Aging / the Elderly, Budget, Economy, Ethics / Moral Theology, House of Representatives, Medicaid, Medicare, Office of the President, Politics in General, President Barack Obama, Senate, Social Security, The National Deficit, The U.S. Government, Theology, Young Adults

(WSJ) Sluggish Economic Recovery Proves Resilient

The recovery from the recession has been nasty, brutish and long. It also is shaping up as one of the most enduring.

The National Bureau of Economic Research, the semiofficial arbiter of business cycles, judges that the U.S. economy began expanding again in June 2009, just over 58 months ago. That means the current stretch of growth, in terms of duration, is poised to drift past the average for post-World War II recoveries.

Yet after almost five years, the recovery is proving to be one of the most lackluster in modern times. The nation’s 6.7% jobless rate is the highest on record at this stage of recent expansions. Gross domestic product has grown 1.8% a year on average since the recession, half the pace of the previous three expansions.

Read it all.

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

Jerri Savuto–Easter Memories: Escaping the Commercial Trap

As I am in the US for the first time in many years, I find myself longing for the simplicity of Maua, Kenya, during Easter time. There Easter has none of the commercial trappings we find here. As I enter grocery stores, discount stores, and department stores I am shocked at the amount of space taken by the Easter candy, bunnies and stuffed animals, baskets, decorations, and new spring clothing. These items take more space than any grocery store has for all their goods in Maua.

I recently read that an estimated $2 billion will be spent on Easter candy this year in the US. Two billion dollars to celebrate the death and resurrection of Jesus Christ, who asked us to feed the hungry, clothe the naked, give water to the thirsty, house the homeless, care for the sick and imprisoned, and welcome the stranger.

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Africa, Church Year / Liturgical Seasons, Consumer/consumer spending, Easter, Economy, Globalization, Kenya, Methodist, Missions, Other Churches, Religion & Culture

(American Interest) Playing Putin’s Game

Given what we’ve seen in Ukraine, the US and the EU need to work much more closely together on policy vis a vis the non-Russian former Soviet states. This policy can’t be seen as simply legalistic or commercial, expanding free trade zones or supporting the rule of law and the development of institutions; security issues are also involved.

More, Europe’s failure to develop coherent energy policy is clearly a contributing factor to Putin’s transparent contempt for the bloc as well as to Europe’s continuing vulnerability to Russian pressure. Europe’s countries have many voices when it comes to energy policy; the United States needs to play a larger and more constructive role in the continent’s musings over energy policy, and the new American reserves now coming on line could be part of a long term strategy to reduce Europe’s vulnerability to energy blackmail.

The US may also need to consider how it can play a more useful role in Europe’s internal debates over economic policy. Europe’s weakness before Russian pressure is both directly and indirectly attributable in part to the fallout from the euro disaster. Economic pain has divided the union, alienated many voters both from Brussels and their national authorities, reduced Europe’s energy and resources for external policy ventures, contributed to the bitterness over immigration and fueled the rise of the extreme right wing parties Putin now seeks to mobilize. Important American interests have been seriously harmed by the monetary muddle in Europe, and Washington needs to think more carefully about how it can play a more consequential and constructive role.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Defense, National Security, Military, Economy, Energy, Natural Resources, Ethics / Moral Theology, Europe, Foreign Relations, Politics in General, Russia, Theology, Ukraine

In Many Cities, Rent Is Rising Out of the Reach of the Middle Class

Apartment vacancy rates have dropped so low that forecasters at Capital Economics, a research firm, said rents could rise, on average, as much as 4 percent this year, compared with 2.8 percent last year. But rents are rising faster than that in many cities even as overall inflation is running at little more than 1 percent annually.

One of the most expensive cities for renters is Miami, where rents, on average, consume 43 percent of the typical household income, up from a historical average of just over a quarter.

Stella Santamaria, a divorced 40-year-old math teacher, has been looking for an apartment in Miami for more than six months. “We’re kind of sick of talking about it,” she said of herself and fellow teachers in the same boat. “It’s like, are you still living with your mom? Yeah, are you? Yeah.” After 11 years as a teacher, Ms. Santamaria makes $41,000, considerably less than the city’s median income, which is $48,000, according to Zillow.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Economy, Ethics / Moral Theology, Housing/Real Estate Market, Personal Finance, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology, Urban/City Life and Issues

(Wash. Post) Heartbleed is about to get worse, and it will slow the Internet to a crawl

Efforts to fix the notorious Heartbleed bug threaten to cause major disruptions to the Internet over the next several weeks as companies scramble to repair encryption systems on hundreds of thousands of Web sites at the same time, security experts say.

Estimates of the severity of the bug’s damage have mounted almost daily since researchers announced the discovery of Heartbleed last week. What initially seemed like an inconvenient matter of changing passwords for protection now appears much more serious. New revelations suggest that skilled hackers can use the bug to create fake Web sites that mimic legitimate ones to trick consumers into handing over valuable personal information.

The sheer scale of the work required to fix this aspect of the bug ”” which makes it possible to steal the “security certificates” that verify that a Web site is authentic ”” could overwhelm the systems designed to keep the Internet trustworthy.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Blogging & the Internet, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Science & Technology, The U.S. Government, Theology

(CNBC) The best (and worst) jobs for 2014

CareerCast is out with their annual ranking of the 10 best and 10 worst jobs for 2014, and let’s just say that math and science guys everywhere are about to high-five.

Nine out of 10 of the best jobs fell into the STEM career category (science, technology, engineering and math), with the “numbers guys,” in particular, locking in 3 of the top 4 spots.

“This absolutely verifies the importance of STEM careers,” said Tony Lee, publisher of CareerCast.com and JobsRated.com.

Read it all.

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, Science & Technology, Theology, Young Adults

(NYT Op-ed) Ross Douthat–Diversity and Dishonesty

I am (or try to be) a partisan of pluralism….But this respect is difficult to maintain when these institutions will not admit that this is what is going on. Instead, we have the pretense of universality ”” the insistence that the post-Eich Mozilla is open to all ideas, the invocations of the “spirit of free expression” from a school that’s kicking a controversial speaker off the stage.

And with the pretense, increasingly, comes a dismissive attitude toward those institutions ”” mostly religious ”” that do acknowledge their own dogmas and commitments, and ask for the freedom to embody them and live them out.

It would be a far, far better thing if Harvard and Brandeis and Mozilla would simply say, explicitly, that they are as ideologically progressive as Notre Dame is Catholic or B. Y.U. is Mormon or Chick-fil-A is evangelical, and that they intend to run their institution according to those lights.

I can live with the progressivism. It’s the lying that gets toxic.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Corporations/Corporate Life, Economy, Education, Ethics / Moral Theology, Law & Legal Issues, Politics in General, Religion & Culture, Science & Technology, Theology