Category : Economy

WSJ Readers Weigh in–Do SAT Scores Belong on Your Resume?

As we report in Wednesday’s Wall Street Journal, a number of companies, including elite banks and consulting firms, regularly ask job applicants to list their SAT scores along with GPAs, extracurricular activities and work experience. Though the practice is most common for new college hires, some firms request scores from candidates in their 40s and 50s….

Read it all.

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

F.D.A. Weighs Fertility Method which Combines the Genetic Material from 3 People

Scientists have already experimented with combining genetic material from cells of three people. In 2001, researchers in New Jersey did so using material from the cytoplasm, the material that surrounds the nucleus of the egg and directs its development after fertilization, from fertile women into the eggs of infertile women. More than 17 babies have been born this way in the United States.

The practice raised questions and eventually led the F.D.A. to tell researchers that they could not perform such procedures in humans without getting special permission from the agency. Since then, studies have been confined to animals.

But a researcher in Oregon, Shoukhrat Mitalipov, has performed the mitochondrial procedure in monkeys and has said that it is ready to be tried in people.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Anthropology, Children, Economy, Ethics / Moral Theology, Health & Medicine, Law & Legal Issues, Life Ethics, Marriage & Family, Religion & Culture, Science & Technology, Theology

Tom Friedman–How to Get a Job at Google

Last June, in an interview with Adam Bryant of The Times, Laszlo Bock, the senior vice president of people operations for Google ”” i.e., the guy in charge of hiring for one of the world’s most successful companies ”” noted that Google had determined that “G.P.A.’s are worthless as a criteria for hiring, and test scores are worthless. … We found that they don’t predict anything.” He also noted that the “proportion of people without any college education at Google has increased over time” ”” now as high as 14 percent on some teams. At a time when many people are asking, “How’s my kid gonna get a job?” I thought it would be useful to visit Google and hear how Bock would answer.

Don’t get him wrong, Bock begins, “Good grades certainly don’t hurt.” Many jobs at Google require math, computing and coding skills, so if your good grades truly reflect skills in those areas that you can apply, it would be an advantage. But Google has its eyes on much more.

“There are five hiring attributes we have across the company,” explained Bock. “If it’s a technical role, we assess your coding ability, and half the roles in the company are technical roles. For every job, though, the No. 1 thing we look for is general cognitive ability, and it’s not I.Q. It’s learning ability. It’s the ability to process on the fly. It’s the ability to pull together disparate bits of information. We assess that using structured behavioral interviews that we validate to make sure they’re predictive.”

Read it all.

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

China's Pollution Problem–2 Pictures of Bejing, 3 weeks apart

I found this very powerful–take a look.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Asia, China, Corporations/Corporate Life, Economy, Energy, Natural Resources, Science & Technology

Pentagon calls for reductions that could deeply affect Major Areas of South Carolina

South Carolina’s military communities are bracing for an uncertain future after Defense Secretary Chuck Hagel on Monday called for deep cuts to the Army in 2015.

While Fort Jackson in Columbia – where more than 45,000 recruits are trained annually – is the obvious target, Charleston’s and other installations also may be in the cross hairs since Hagel also called for a new round of base-closure reviews in 2017.

Still, the decision on rekindling a Base Realignment and Closure Commission depends on Congress, which has delayed the assessments in recent years in the interest of protecting jobs at home.

Read it all from the local paper.

Posted in * Culture-Watch, * Economics, Politics, * South Carolina, City Government, Defense, National Security, Military, Economy, Ethics / Moral Theology, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Personal Finance, Politics in General, Rural/Town Life, State Government, Theology, Urban/City Life and Issues

(Wash. Post) Pentagon blueprint would cut Army size as military adjusts to leaner budgets

The Defense Department on Monday proposed cutting the Army to its smallest size in 74 years, slashing a class of attack jets and rolling back personnel costs in an effort to adjust a department buoyed by a decade of war to an era of leaner budgets.

The five-year budget blueprint outlined by Defense Secretary Chuck Hagel reflects a willingness by the Pentagon to make deep cuts to personnel strength to invest in technology and equipment as it eases off a war footing.

“The development and proliferation of more advanced military technologies by other nations mean that we are entering an era where American dominance on the seas, in the skies and in space can no longer be taken for granted,” Hagel told reporters at an afternoon news conference.

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Posted in * Economics, Politics, Budget, Defense, National Security, Military, Economy, Ethics / Moral Theology, The U.S. Government, Theology

Eyes in the sky: Small drones have FAA shaping regulations

Like something out of a science-fiction flick, the four-rotor apparatus looks the part of an oversize, mechanical dragonfly.

A distinct hum similar to the insect exudes from the gadget when it hovers at eye level. The buzz fades to silence in seconds when the device darts skyward and nearly out of sight.

A small camera captures all that lies within its line of vision – in this instance, a mix of cobblestone, historic homes and church steeples that comprise Charleston’s French Quarter.

No, this contraption isn’t being maneuvered by engineers on some military testing site. It isn’t soaring beside airplanes at a local airport. It’s under the control of a 27-year-old College of Charleston student killing time on a sunny afternoon.

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Posted in * Culture-Watch, * Economics, Politics, * General Interest, * South Carolina, Consumer/consumer spending, Economy, Ethics / Moral Theology, Photos/Photography, Science & Technology, Theology

(F Th) Betsy Childs–Against Christian Hypocrisy, a response to Kirsten powers and Jonathan Merritt

A same-sex wedding is the ceremonial blessing of behavior the Bible condemns. Affirmation of homosexual practice is intrinsic to… [same-sex] nuptials. There is no need to ask the history of the couple or their reasons for marrying in order to figure out whether or not the marriage is one that God would approve. In contrast, while two heterosexuals wishing to marry may or may not be obeying God’s commands, the institution itself is one that God has affirmed.

Hypocritical Christians are those who forget that they are sinners in need of a savior. Apart from God’s grace we would be damned, and we are hypocrites if we refuse to call others from their sin to experience that same grace. To profit by helping others celebrate their sin, thereby perpetuating the illusion that homosexual behavior is not sin, would be hypocritical for any Christian, be he butcher, baker, or candlestick maker.

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Posted in * Culture-Watch, * Economics, Politics, --Civil Unions & Partnerships, Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Law & Legal Issues, Marriage & Family, Religion & Culture, Sexuality, Theology, Theology: Scripture

(BBC) Ukraine: Interim leader Turchynov stresses "European choice"

Ukraine’s new interim President Oleksandr Turchynov has said the country will focus on closer integration with the EU.

Mr Turchynov was appointed following the dismissal of President Viktor Yanukovych by MPs on Saturday.

Mr Yanukovych’s rejection of an EU-Ukraine trade pact triggered the protests that toppled him.

The interim president also said he was “ready for dialogue” with Russia, which has backed Mr Yanukovych.

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

(Bloomberg) Gas Prices Around the World by Country–Which is Cheapest and Who Pays the Most

There are two ranking categories, rank by most expensive gas, and rank by pain at the pump. Take a guess before you look at all 63 entries.

You can also find a ranking list there and there is a link to a slideshow option.

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

(Nature) Katherine Sharpe–ADHD Medication: is this a smart-pill oversell?

For most people with ADHD, these medications ”” typically formulations of methylphenidate or amphetamine ”” quickly calm them down and increase their ability to concentrate. Although these behavioural changes make the drugs useful, a growing body of evidence suggests that the benefits mainly stop there. Studies indicate that the improvements seen with medication do not translate into better academic achievement or even social adjustment in the long term: people who were medicated as children show no improvements in antisocial behaviour, substance abuse or arrest rates later in life, for example. And one recent study suggested that the medications could even harm some children1.

After decades of study, it has become clear that the drugs are not as transformative as their marketers would have parents believe. “I don’t know of any evidence that’s consistent that shows that there’s any long-term benefit of taking the medication,” says James Swanson, a psychologist at the University of California, Irvine.

Now researchers are trying to understand why. The answer could lie in sub-optimal use of the drugs, or failure to address other factors that affect performance, such as learning disabilities. Or it could be that people place too much hope on a simple fix for a complex problem. “What we expect medication to do may be unrealistic,” says Lily Hechtman, a psychiatrist at McGill University in Montreal.

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Posted in * Culture-Watch, * Economics, Politics, Children, Consumer/consumer spending, Corporations/Corporate Life, Economy, Education, Ethics / Moral Theology, Health & Medicine, Media, Psychology, Science & Technology, Theology

David Briggs–What price a religious calling? Record seminary debt Raises Painful Questions

More than a quarter of students graduating in 2011 with a Master of Divinity degree had more than $40,000 in theological debt and 5 percent were more than $80,000 in the red, a new study found.

Many of these students discovered that not only they or their spouses had to moonlight to make ends meet, but some had to choose another job besides the ministry to pay the bills, according to the study by the Center for the Study of Theological Education at Auburn Theological Seminary.

Several seminaries already realize the days of balancing budgets by raising tuition may be coming to an end.

Read it all.

Posted in * Christian Life / Church Life, * Economics, Politics, Economy, Ethics / Moral Theology, Parish Ministry, Personal Finance, Seminary / Theological Education, Stewardship, Theology

(Post-Gazette) More are saying 'no' to retirement, whether they need money or just love the work

…more people every year, locally and across the nation, continue laboring for a paycheck past the time when they could be collecting Social Security.

The average age of retirement in America, which had been on the decline during much of the 20th century, has been rising for the past two decades for a combination of reasons. A recent Bureau of Labor Statistics report found that about 27 percent of people ages 65 to 74 were still in the workforce, compared with just 20 percent in 2002. It predicted nearly one in three people of that age would be part of the labor pool in 2022.

“People today are working later than they have been for quite some time ”¦ as long today as in the 1970s,” said Kevin Cahill, a research economist for the Sloan Center on Aging and Work at Boston College. “The incentives have shifted in favor of work.”

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

(Time) Americans Are Taking on Debt at Scary High Rates

Americans are known risk-takers when it comes to their personal finances. While consumer spending has traditionally been one of the great engines of the U.S. economy, it also helped get the country into the Great Recession. So after five years of economic turmoil we’ve presumably become a little better at keeping track of our debts, right?

Not really. Data released Tuesday by the Federal Reserve Bank of New York show that at $11.52 trillion, overall consumer debt is higher than it has been since 2011. And more unsettling, debt is rising at rapid levels. Americans’ debt””that includes mortgages, auto loans, student loans and credit card debt””increased by 2.1%, or $241 billion in the last three months of 2013, the greatest margin of increase since the third quarter of 2007, shortly before the U.S. spiraled into recession.

And on an individual level, many Americans are in a precarious financial position.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Federal Reserve, Media, Personal Finance, Psychology, The Banking System/Sector, The U.S. Government, Theology

In one of the biggest technology deals ever, Facebook to buy WhatsApp for at least $16 billion

“WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable,” Facebook CEO Mark Zuckerberg said in a statement announcing the deal.

Zuckerberg has been trying to get into the mobile messaging market for a while. The company offered to buy Snapchat for $3 billion last year, but that messaging start-up spurned the offer.

Read it all.

Update: From Jon Ostrower-–“Just for a bit of perspective on Facebook and WhatsApp. You can buy 50 777X aircraft for $19 billion, which Qatar Airways did in November.”

Posted in * Culture-Watch, * Economics, Politics, --Social Networking, Blogging & the Internet, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Globalization, Science & Technology, Theology

An Interesting GDP map that shows half of U.S. output is generated by a few cities

50% of GDP comes from orange areas, 50% from blue.

Look at the map and read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Consumer/consumer spending, Corporations/Corporate Life, Economy, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Personal Finance, Rural/Town Life, The U.S. Government, Urban/City Life and Issues

Worsening U.S. Divorce Rate Points to Improving Economy –# of divorces rose for third yr in a row

Hard economic times had kept Amy Derose and her husband Lawrence locked in an unhappy marriage for the sake of their engineering firm in Pompano Beach, Florida.

“The business was hanging on by a thread and we had to hang on,” said Derose, 53, who had been married 35 years and worked as the business manager. “We couldn’t afford to split. He needed me in the business and I needed him.”

With Florida’s economy and housing market recovering, “we are definitely on the upswing” and revenue is rising at their 24-employee company. That is allowing the couple to move forward with their divorce this month after years of showing up to work as if nothing were wrong personally. Now, she is looking for a job and “couldn’t be happier.”

Read it all from Bloomberg News.

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

Notable and Quotable–Henry Ford for Tough Times

When everything seems to be going against you, remember that the airplane takes off against the wind, not with it

–Henry Ford

Posted in * Culture-Watch, * Economics, Politics, * General Interest, Anthropology, Corporations/Corporate Life, Economy, History, Notable & Quotable, Psychology, Theology

(Georgian) A Developer sues the Anglican diocese of East Newfoundland for $9M

A St. John’s developer was all set to proceed with a 90-unit subdivision situated on more than 16 acres of land east of Portugal Cove Road.

But there’s a catch ”” the party that allegedly sold the land is claiming there is not an agreement of purchase or sale in place.

Powder House Hill Investments Ltd. is suing the Anglican Church’s Diocesan Synod of Eastern Newfoundland and Labrador for $9 million as a result, claiming that figure represents the value of a lost business opportunity. A statement of claim was filed in the Supreme Court of Newfoundland and Labra­dor earlier this month.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, Anglican Church of Canada, Anglican Provinces, Economy, Housing/Real Estate Market, Law & Legal Issues

(Gallup) Unemployment Rises to the Top Problem in the U.S. for its citizens

Americans have a new No. 1 problem. Nearly one in four Americans mention jobs and unemployment as the most important problem facing the country, up from 16% in January. The government and politicians had topped the list since the government shutdown in October.

Prior to last fall, either jobs or the economy had led the “most important problem” list going back to February 2008, and these two have regained their top spots in the Feb. 6-9 poll.

Healthcare continues to rank among the top problems, with 15% naming it, unchanged from January. Mentions of the federal debt/budget deficit are stable at 8%, despite Congress’ increasing the debt ceiling in February.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology

(NYT) Millennials Feel Trapped in a Cycle of Internships With Little Pay and No Job Offers

Like other 20-somethings seeking a career foothold, Andrew Lang, a graduate of Penn State, took an internship at an upstart Beverly Hills production company at age 29 as a way of breaking into movie production. It didn’t pay, but he hoped the exposure would open doors.

When that internship proved to be a dead end, Mr. Lang went to work at a second production company, again as an unpaid intern. When that went nowhere, he left for another, doing whatever was asked, like delivering bottles of wine to 27 offices before Christmas. But that company, too, could not afford to hire him, even part time.

A year later, Mr. Lang is on his fourth internship, this time for a company that produces reality TV shows. While this internship at least pays him (he makes $10 an hour, with few perks), Mr. Lang feels no closer to a real job and worries about being an intern forever. “No one hires interns,” said Mr. Lang, who sees himself as part of a “revolving class of people” who can’t break free of the intern cycle. “Is this any way to live?”

Read it all.

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

(CBS' 60 minutes) Businessman Bill Browder's fight to expose corruption in Russia

Russia has been showing the world glistening scenes of the Winter Olympics. It’s a rare opportunity to brighten a national image that often skates on the thin ice of corruption. One authority estimates that 20 percent of the Russian economy is skimmed by graft and a lot of that by government officials. It may be that no one knows more about this than American-born businessman Bill Browder.

Browder tells a story of thievery, vengeance and death worthy of a Russian novel. He’s a thorn in the side of Vladimir Putin and he has torn a rift between Moscow and Washington. When you hear what he has to say about Russia you’ll know why Russia thinks of Bill Browder as an enemy of the state.

Bill Browder: The Russian regime is a criminal regime. We’re dealing with a nuclear country run by a bunch of Mafia crooks. And we have to know that.

Read (or better watch) it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Europe, Foreign Relations, Globalization, Law & Legal Issues, Politics in General, Russia, Theology

(New Yorker) George Packer–Amazon is good for customers. But is it good for books?

Amazon is not just the “Everything Store,” to quote the title of Brad Stone’s rich chronicle of Bezos and his company; it’s more like the Everything. What remains constant is ambition, and the search for new things to be ambitious about.

It seems preposterous now, but Amazon began as a bookstore. In 1994, at the age of thirty, Bezos, a Princeton graduate, quit his job at a Manhattan hedge fund and moved to Seattle to found a company that could ride the exponential growth of the early commercial Internet. (Bezos calculated that, in 1993, usage climbed by two hundred and thirty thousand per cent.) His wife, MacKenzie, is a novelist who studied under Toni Morrison at Princeton; according to Stone, Bezos’s favorite novel is Kazuo Ishiguro’s “The Remains of the Day,” which is on the suggested reading list for Amazon executives. All the other titles, including “Sam Walton, Made in America: My Story,” are business books, and even Ishiguro’s novel””about a self-erasing English butler who realizes that he has missed his chance at happiness in love””offers what Bezos calls a “regret-minimization framework”: how not to end up like the butler. Bezos is, above all things, pragmatic. (He declined to be interviewed for this article.)

It wasn’t a love of books that led him to start an online bookstore. “It was totally based on the property of books as a product,” Shel Kaphan, Bezos’s former deputy, says. Books are easy to ship and hard to break, and there was a major distribution warehouse in Oregon. Crucially, there are far too many books, in and out of print, to sell even a fraction of them at a physical store. The vast selection made possible by the Internet gave Amazon its initial advantage, and a wedge into selling everything else. For Bezos to have seen a bookstore as a means to world domination at the beginning of the Internet age, when there was already a crisis of confidence in the publishing world, in a country not known for its book-crazy public, was a stroke of business genius.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Books, Consumer/consumer spending, Corporations/Corporate Life, Economy, Globalization

(LA Times) Sarah Amandolare–The student loan crisis: How middle-class kids get hammered

Last October, in between arguments over the debt ceiling, the federal government somehow found time to send me an email. My student loan payment was 70 days past due, the message read, so the government had negatively reported me to each major credit bureau and would continue to report me until my account was brought current.

I’m betting the government sent out a lot of those letters to people like me: college graduates from middle-class families who didn’t qualify for much in the way of scholarship aid and had parents who couldn’t afford to pay for their schooling.

Research published last month in the journal Sociology of Education shows that students from middle-class families are bearing the brunt of the student loan crisis. Jason Houle, a sociologist at Dartmouth College, analyzed the student loan debt of about 9,000 men and women, focusing on how socioeconomics, including family income and parents’ educational background, influenced student debt.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Economy, Education, Ethics / Moral Theology, Personal Finance, Theology, Young Adults

(Economist Leader) Argentina–There are lessons for many govts from its 100 years of decline

There are still many things to love about Argentina, from the glorious wilds of Patagonia to the world’s best footballer, Lionel Messi. The Argentines remain perhaps the best-looking people on the planet. But their country is a wreck. Harrods closed in 1998. Argentina is once again at the centre of an emerging-market crisis. This one can be blamed on the incompetence of the president, Cristina Fernández, but she is merely the latest in a succession of economically illiterate populists, stretching back to Juan and Eva (Evita) Perón, and before. Forget about competing with the Germans. The Chileans and Uruguayans, the locals Argentines used to look down on, are now richer. Children from both those countries””and Brazil and Mexico too””do better in international education tests.

Why dwell on a single national tragedy? When people consider the worst that could happen to their country, they think of totalitarianism. Given communism’s failure, that fate no longer seems likely. If Indonesia were to boil over, its citizens would hardly turn to North Korea as a model; the governments in Madrid or Athens are not citing Lenin as the answer to their euro travails. The real danger is inadvertently becoming the Argentina of the 21st century. Slipping casually into steady decline would not be hard. Extremism is not a necessary ingredient, at least not much of it: weak institutions, nativist politicians, lazy dependence on a few assets and a persistent refusal to confront reality will do the trick.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Foreign Relations, History, Politics in General, Stock Market, Theology

PBS ' Religion and Ethics Newsweekly–The Ethics of Whistle-Blowing

Is Edward Snowden a hero for revealing government wrongdoing, or a traitor for leaking classified information? “I don’t think anybody acts and says to themselves, ”˜What I’m doing is immoral, but I’m going to do it.’ People always rationalize,” according to former CIA spokesman Bill Harlow. Correspondent Lucky Severson reports on the debate over the morality of Snowden’s actions.

Read or watch and listen to it all.

Posted in * Culture-Watch, * Economics, Politics, Corporations/Corporate Life, Defense, National Security, Military, Economy, Ethics / Moral Theology, Law & Legal Issues, Science & Technology, The U.S. Government, Theology

ECFA Encourages More Freedom and Greater Clarity in Political Activity Rules

While the Treasury and the IRS seek greater clarity by further restricting the types of permissible political activity of tax-exempt organizations, the commission would achieve greater clarity by allowing more freedom for tax-exempt organizations to engage in political speech ”“ while simultaneously preserving the long-held public policy of not allowing tax-exempt funds to be expended for political purposes.

Dan Busby, president of ECFA, offered four key comments on the proposed guidance:

“The Treasury and the IRS should proceed with great caution in applying the proposed ”˜candidate-related political activity’ test to 501(c)(3) organizations.”
“Replacing the ”˜facts and circumstances’ approach with a clear-cut definition of political activity would benefit charities and the IRS.”
“The proposed ”˜candidate-related political activity’ test would silence charities from speaking out on issues with political significance.”
“The Commission’s recommendations strike a necessary balance of permitting charities to engage in communications that are relevant to their exempt purposes while ensuring that they expend funds in a manner consistent with their tax-exempt purposes.”

Most concerning to ECFA is the further chilling effect that the proposed “candidate-related political activity” test would have on issue-oriented communications from churches and nonprofits. While this has been a problem for some time even under existing rules and the IRS’s approach to administering the law, the proposed regulations would compound the concern.

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Economy, Ethics / Moral Theology, Parish Ministry, Politics in General, Religion & Culture, Taxes, The U.S. Government, Theology

(Gallup) In the U.S., 14% of Those Aged 24 to 34 Are Living With Parents

Fourteen percent of adults between the ages of 24 and 34 — those in the post-college years when most young adults are trying to establish independence — report living at home with their parents. By contrast, roughly half of 18- to 23-year-olds, many of whom are still finishing their education, are currently living at home.

Read it all.

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

(AP) Facebook adds some 50 gender option possibilities to be chosen for profiles

Facebook said the changes, shared with The Associated Press before the launch on Thursday, initially cover the company’s 159 million monthly users in the U.S. and are aimed at giving people more choices in how they describe themselves, such as androgynous, bi-gender, intersex, gender fluid or transsexual.

“There’s going to be a lot of people for whom this is going to mean nothing, but for the few it does impact, it means the world,” said Facebook software engineer Brielle Harrison, who worked on the project and is herself undergoing gender transformation, from male to female. On Thursday, while watchdogging the software for any problems, she said she was also changing her Facebook identity from Female to TransWoman.

“All too often transgender people like myself and other gender nonconforming people are given this binary option, do you want to be male or female? What is your gender? And it’s kind of disheartening because none of those let us tell others who we really are,” she said. “This really changes that, and for the first time I get to go to the site and specify to all the people I know what my gender is.”

Read it all.

I will take comments on this submitted by email only to KSHarmon[at]mindspring[dot]com.

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

(WSJ) The Comcast-Time Warner Megadeal: Out of Chaos, More Chaos

While Comcast says it will divest three million of TWC’s roughly 11 million subscribers, the merged company will still have about 30 million video subscribers, far ahead of the next biggest pay-TV operator, DirecTV which has about 20 million. It will have a big presence in the northeastern U.S., in particular, including in the New York area where TWC is a major cable provider now. Perhaps more important, Comcast will be by far the dominant provider of broadband services, which DirecTV doesn’t offer. In early December, Aji Pai, a Republican commissioner at the Federal Communications Commission, said the Obama administration would be unlikely to approve a Comcast-TWC merger, given its track record of reviewing big mergers.

Regardless of the regulatory outcome, the deal is likely to reinforce a consolidation trend. Liberty and Charter executives have argued that greater scale would better enable cable operators to compete by, for instance, being able to work together on programming ventures. Mr. Malone has said cable operators, because they don’t operate nationally, can’t buy programming on a national basis and often lack the scale in invest in research and technology.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Blogging & the Internet, Corporations/Corporate Life, Economy, Movies & Television, Science & Technology