Category : Economy

In Nova Scotia, Church buildings bearing cross of rising costs, aging population

For those in positions of leadership in over a dozen churches in..[Pictou County] it’s been a tough job knowing when to do what.

Declining membership, coupled with population decline, migration, rising heating costs and a decline in those practising Christianity, has caused churches of all stripes to re-examine themselves, their mission and their facilities.

Archdeacon Peter Armstrong of Christ Anglican Church in Stellarton believes this is part of a continuing cultural shift that began 40 years ago.

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

ECB Executive Board member Benoît Cœuré says ECB is "considering very seriously" negative rates

To help money flow more evenly across the currency area, Coeure said the idea of cutting into negative territory the rate the ECB pays banks to hold their deposits overnight was “a very possible option”.

“That is something we are considering very seriously. But you should not expect too much of it,” he said of a negative deposit rate.

The ECB left policy on hold last week but President Mario Draghi put markets on alert for possible action in March, saying the Governing Council would have more information at its disposal by then, including new forecasts from the bank’s staff that will extend into 2016 for the first time.

Read it all from Reuters.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Globalization, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, The Banking System/Sector, Theology

Pew Research–The Rising Cost of Not Going to College

On virtually every measure of economic well-being and career attainment””from personal earnings to job satisfaction to the share employed full time””young college graduates are outperforming their peers with less education. And when today’s young adults are compared with previous generations, the disparity in economic outcomes between college graduates and those with a high school diploma or less formal schooling has never been greater in the modern era.

These assessments are based on findings from a new nationally representative Pew Research Center survey of 2,002 adults supplemented by a Pew Research analysis of economic data from the U.S. Census Bureau.

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Children, Economy, Marriage & Family, Parish Ministry, Personal Finance, Stewardship, Young Adults

(W. Post Op-Ed) Kathleen Parker–President Obama should practice the religious freedom he preaches

President Obama gave a lovely speech at the recent National Prayer Breakfast – and one is reluctant to criticize….

[but]…many in the audience were reaching for their own jaws when Obama got to the liberty section of his speech, according to several people who attended the breakfast. Michael Cromartie, vice president of the Ethics and Public Policy Center, summed up the general reaction of many with whom he spoke: “Stunned.”

“Several people said afterward how encouraged they would have been by President Obama’s remarks if only his acts reflected what he said,” Cromartie told me.

One table was applauding only out of politeness, according to Jerry Pattengale, who was sitting with Steve Green – president of the Hobby Lobby stores that have challenged Obamacare’s contraceptive mandate. Pattengale described the experience as “surrealistic.”

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

Posted in * Culture-Watch, * Economics, Politics, --The 2009 American Health Care Reform Debate, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Globalization, Health & Medicine, Law & Legal Issues, Life Ethics, Office of the President, Politics in General, President Barack Obama, Religion & Culture, The U.S. Government, Theology

St Martin’s Church in London becomes first in the UK to accept Bitcoins for its collection

A London church has become the first in the country to accept internet currency Bitcoins in its collection plate.

The Rev Chris Brice of St Martin’s Anglican Parish Church in Gospel Oak said the innovation showed that “we are people in touch with what’s going on around us”.

Some supporters of Bitcoins claim the currency wrestles power from corporations and banking giants, and its value has soared in the past 12 months, peaking at more than £615.

Mr Brice said: “The current [financial] system is not all that reliable, given recent events. You’ve got to live in an environment where people are free to experiment with these things. If this doesn’t work we’ll try something else.”

Read it all.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Anglican Provinces, Church of England (CoE), Economy, Ethics / Moral Theology, Globalization, Parish Ministry, Personal Finance, Religion & Culture, Science & Technology, Stewardship, The Banking System/Sector, Theology

Gallup–Underemployment 18.6% in January, up from 17.2% in December

Underemployment, as measured without seasonal adjustment, was 18.6% in January, up from 17.2% in December, and up from 17.5% in January 2013. Gallup’s U.S. underemployment rate combines the percentage of adults in the workforce who are unemployed (8.6%) with the percentage of those who are working part time but looking for full-time work (10.0%). An increase in unemployment mainly explains the increase in underemployment vs. December, partly attributable to more out-of-work Americans now reporting they are looking for work.

Read it all and please note that U-6 happily fell from 13.1% to 12.7% in the BLS report on Friday

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

Bishop Alex Dickson–My First Great Lesson in Stewardship

In 1951, our four year old son was hit by a truck. Every bone in his body was broken, and he had multiple skull fractures. I prayed fervently for his healing. “Lord, I would do anything to save this little boy”, and then some words came out of my mouth that startled me.

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

(CNBC) More spouses are cheating (financially, anyway)

Surreptitious cash withdrawals and hidden credit card statements may be signs your significant other is cheating””but not necessarily in the bedroom.

Financial infidelity is on the rise, with more people deceiving (or being deceived by) their partner about purchases made, debts incurred, money earned or other issues related to their joint finances.

One-third of people who have combined accounts said they have committed a financial deception, while 35 percent said they have been the victim of one, according to a new study from the National Endowment for Financial Education conducted with Harris Interactive.

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

(WSJ) Slow Jobs Growth Stirs Worry

A hiring chill hit the U.S. labor market for the second straight month in January, reflecting employers’ reluctance to take on new workers despite some of the nation’s strongest economic growth in years.

U.S. payrolls rose a seasonally adjusted 113,000 in January after December’s lackluster gain of 75,000 jobs, marking the weakest two-month stretch of job creation in three years, the Labor Department said Friday.

Yet the unemployment rate ticked down to 6.6%””the lowest level since late 2008. The decline came because more people found jobs last month as opposed to last year when it fell in part because of unemployed Americans abandoning their job hunts and dropping out of the labor force.

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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--

(Wired) Marcus Wohlsen–How Amazon Forced CVS to Stop Selling Cigarettes

The new Flow feature in Amazon’s mobile app epitomizes just how aggressively the retail giant is pressing its technological advantage to win the market for everyday merchandise. Need more ketchup or dish soap? Just aim your camera at the empty bottle. Suddenly your whole house is an Amazon showroom.

In a way, Flow is gimmicky: Most of this stuff has barcodes you could already scan at home, too. But every step Amazon takes to make buying smoother equals one more reason to skip a trip to the store. Says WIRED’s Roberto Baldwin: “It’s all part of the company’s goal to take you from ”˜I need that’ to ”˜I bought that’ in less than 30 seconds.”

That’s especially threatening to a store like CVS, which sells consumer packaged goods ”” commodity products that everyone else stocks, too. CVS can’t compete with Amazon on selection or price. It can’t even compete on consumer desire to see and feel before they buy: Do you really need to hold that tube of toothpaste? The only advantage left is getting something right when you want it ”” what retailers call the “top-off.” The closer Amazon gets to on-demand ”” imagine combing Flow with same-day delivery or vending machines ”” the more CVS loses its last justification for maintaining physical stores.

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Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Health & Medicine, Law & Legal Issues, Theology

(WSJ) More Men in Prime Working Ages Don't Have Jobs

[Mark] Riley’s frustration is widely shared. More than one in six men ages 25 to 54, prime working years, don’t have jobs””a total of 10.4 million. Some are looking for jobs; many aren’t. Some had jobs that went overseas or were lost to technology. Some refuse to uproot for work because they are tied down by family needs or tethered to homes worth less than the mortgage. Some rely on government benefits. Others depend on working spouses.

Having so many men out of work is partly a symptom of a U.S. economy slow to recover from the worst recession in 75 years. It is also a chronic condition that shows how technology and globalization are transforming jobs faster than many workers can adapt, economists say.

The trend has been building for decades, according to government data. In the early 1970s, just 6% of American men ages 25 to 54 were without jobs. By late 2007, it was 13%. In 2009, during the worst of the recession, nearly 20% didn’t have jobs.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Economy, Labor/Labor Unions/Labor Market, Men, Middle Age, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

A Super Encouraging 60 Minutes piece–Jobs program benefits Fortune 500 and underprivileged youth

Don’t let all the suits and ties fool you. Almost everyone at Year Up has faced almost unimaginable hardship in getting here. Poverty, drugs, foster care, men’s and women’s shelters””you name it.

Gerald Chertavian: We are going into a professional skills course.

This all out corporate training blitz is the brainchild of Gerald Chertavian — a Wall Street veteran who believes that he’s discovered an untapped source of talent among the poorest in the country.

Gerald Chertavian: A majority of the young adults growing up in isolated poverty, in our inner cities, want opportunity, want to be challenged, want to be held to higher expectations, and are motivated to actually get a good job. They haven’t had any exposure as to how do you do that.

Read it all or watch it all.

Posted in * Culture-Watch, * Economics, Politics, Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Health & Medicine, Labor/Labor Unions/Labor Market, Pastoral Theology, Psychology, Theology, Urban/City Life and Issues, Young Adults

Alltech's Irish distillery goes Gothic with restoration of Anglican church

Deirdre Lyons, Pearse’s wife and director of Alltech’s corporate image, is spearheading plans to renovate the building, which is surrounded by 300,000 graves, including that of Pearse Lyons’ grandfather, John Hubert Lyons.

“I’m working with a historic preservation architect and a team to restore it to its former glory,” Deirdre Lyons said. The building hasn’t been a church in decades and most recently was a lighting store, so it is in pretty sad shape, she said. Half the steeple and the stained glass windows are gone.

Alltech paid about $900,000 for the building, plus about $45,000 to the Church of Ireland to release the site from covenants that would have prevented the sale or use of alcohol.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, Alcohol/Drinking, Anglican Provinces, Church of Ireland, Corporations/Corporate Life, Economy, England / UK, Housing/Real Estate Market, Ireland

(NYT) Health Care Law Projected to Cut the Labor Force

The budget office analysis found that the law, in effect, nudges workers to work less. The insurance expansion reduces the need for a person to take a full-time job just to get coverage. The premium subsidies effectively bolster household income. Higher taxes for richer households also reduce the incentive to work.

But it will also have an effect on businesses, the report said, including by encouraging them to reduce employee hours to avoid the “employer mandate.” The overall demand for labor would not change, in other words, but businesses might arrange their workers’ schedules differently to avoid having to provide them with health care.

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Posted in * Culture-Watch, * Economics, Politics, --The 2009 American Health Care Reform Debate, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Health & Medicine, Labor/Labor Unions/Labor Market, Theology

(USA Today) Philip Seymour Hoffman's death puts focus on heroin's comeback

While heroin use is still low compared to marijuana, law enforcement officials and drug treatment experts say heroin has made a comeback after a decade-long outbreak of narcotic painkiller abuse. The prescription pain pills, such as OxyContin, are opioids that produce a potent high similar to heroin if abused.

“We’re seeing a resurgence of heroin,” says Gil Kerlikowske, director of the Office of National Drug Control Policy. “It cuts across all demographic groups. We used to think of a heroin as an inner city problem, but it’s now a problem we’re seeing across the nation among all populations and all ages.”

As authorities crack down on clinics that prescribe pain pills by the thousands and pharmaceutical companies change their formulas so the pills are more difficult to abuse, opiate addicts are turning to cheaper and more-plentiful heroin. An 80 mg OxyContin pill can sell for up to $100, while a five-dose-a-day heroin habit costs less than $60, according to federal law enforcement officials.

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Death / Burial / Funerals, Drugs/Drug Addiction, Economy, Ethics / Moral Theology, Health & Medicine, Law & Legal Issues, Parish Ministry, Police/Fire, Theology

PBS ' Religion and Ethics Newsweekly–A Living Wage Factory

DE SAM LAZARO: Joe Bozich founded the Knights Apparel company in 2001 and built it into the largest maker of licensed college sportswear. These shirts are made in a tiny corner of the Knights empire: a factory called Altagracia that pays people like Manuel Guzman a living wage. Unusual does not begin to describe the factory where Guzman works in the Dominican Republic, a Caribbean nation of nearly 10 million, where unemployment exceeds 15 percent. The factory atmosphere is relaxed, the music is loud.

MANUEL GUZMAN: (through translator) There is no pressure here to produce all the time. People come here to train us, lawyers have taught us our rights. Also, we have a union that protects us.

DE SAM LAZARO: Maritza Vargas is the union steward.

(to Vargas) Are the wages sufficient?

MARITZA VARGAS: Si.

DE SAM LAZARO: Yes, she responded. Wages are based on the cost of living for a family of five, calculated by the country’s central bank and adjusted every year for inflation.

Read or watch and listen to it all.

Posted in * Culture-Watch, * Economics, Politics, Corporations/Corporate Life, Economy, Globalization, Labor/Labor Unions/Labor Market, Law & Legal Issues, Religion & Culture

(WSJ RTE Blog) The current expansion remains slow

The economy had its best second half in a decade, indicating that the U.S. is on firmer footing. But the current expansion remains slow, and the pace of growth still is weak historically.

Read it all and look at the three charts carefully.

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

(NYT) Snacks Laced With Marijuana Raise Concerns

All day long, customers at LoDo Wellness Center, one of Colorado’s new recreational marijuana stores, reach into the refrigerator and pull out tasty ways to get high. They buy sparkling peach and mandarin elixirs, watermelon Dew Drops, and sleek silver bags of chocolate truffles, each one packed with marijuana’s potent punch.

“The stuff just flies off the shelves,” said Linda Andrews, the store’s owner.

As marijuana tiptoes further toward the legal mainstream, marijuana-infused snacks have become a booming business, with varieties ranging from chocolate-peppermint Mile High Bars to peanut butter candies infused with hash oil.

Read it all from the front page of the national edition of the printed copy of the paper..

Posted in * Culture-Watch, * Economics, Politics, Children, Consumer/consumer spending, Corporations/Corporate Life, Dieting/Food/Nutrition, Drugs/Drug Addiction, Economy, Ethics / Moral Theology, Law & Legal Issues, Marriage & Family, Politics in General, State Government, Theology

Charleston S.C. airport sets new passenger record for traffic in 2013

Construction upheaval at Charleston International Airport did not dampen passenger’s desire to fly in and out of the gateway to the Holy City during 2013.

The state’s busiest airport set a new passenger record last year.

Nearly 2.9 million people passed through the airport in 2013, airport officials said Friday. That’s about a 10 percent increase over the 2012 passenger total and up from 2.5 million in 2011.

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Posted in * Culture-Watch, * Economics, Politics, * South Carolina, Economy, Travel

(Time Mag.) Rana Foroohar–How healthy is America's Economy? Watch the Jobs Market

A recent Accenture survey tallied the optimism among CEOs and other top executives in 20 countries and found that 64% of them were bullish on the U.S. and planning to locate more labor and operations there in 2014. Companies may finally stop sitting on so much cash and use it to invest in workers and equipment. That would spark a virtuous cycle that should ultimately lead to real, sustainable growth of 3% to 4%, which is what the U.S. needs for unemployment numbers to continue ticking down. Incoming Federal Reserve Chair Janet Yellen recently told me she’s hopeful that businesses will start spending this year.

If they do, pay attention to what types of jobs get created. That’s where the argument for exceptionalism gets trickier. Over half of all U.S. jobs created in 2013 were in low-wage sectors, like retail or health care, where paychecks are actually shrinking relative to inflation. Part-time workers still make up more of the workforce than is healthy. And the participation rate, meaning the number of people with jobs relative to the overall working-age population, is the lowest it’s been since 1978, before women started coming into the labor force en masse. (The unemployment rate, by contrast, takes into account only workers who are seeking jobs.) While some economists argue that this reflects the retirement of baby boomers, Westwood Capital managing director Daniel Alpert points out that it’s not nearly enough to account for the many millions of workers who’ve dropped out of the labor market. “There is much more going on here than the retirement of some lucky baby boomers,” he says.

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

(NYT) Genetic Weapon Against Insects Raises Hope and Fear in Farming

Scientists and biotechnology companies are developing what could become the next powerful weapon in the war on pests ”” one that harnesses a Nobel Prize-winning discovery to kill insects and pathogens by disabling their genes.

By zeroing in on a genetic sequence unique to one species, the technique has the potential to kill a pest without harming beneficial insects. That would be a big advance over chemical pesticides.

“If you use a neuro-poison, it kills everything,” said Subba Reddy Palli, an entomologist at the University of Kentucky who is researching the technology, which is called RNA interference. “But this one is very target-specific.”

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

(Indpndt) C of E appoints new specialist to review assets portfolio after Wonga embarrassment

The Church of England has appointed a New York-based specialist to screen its portfolio of assets in the wake of its embarrassing Wonga debacle last year.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, --Justin Welby, Anglican Provinces, Archbishop of Canterbury, Church of England (CoE), Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Globalization, Religion & Culture, Stock Market, Theology

The Church of England welcomes the Government's Energy Strategy

The Church of England has joined with a coalition of co-operatives, charities and community groups – providing a collective membership of 17 million – to welcome the UK’s first ever Community Energy Strategy, published this week, providing the opportunity for a scaling up of community energy.

The Community Energy Coalition (CEC) includes the Church of England, Co-operative Group, National Trust, Campaign to Protect Rural England, Energy Saving Trust, NUS, Co-operatives UK and more than 20 other civil society and sustainable energy organisations.

David Shreeve, Environmental Adviser for the Church of England said: “As a member of the Community Energy Coalition, the Church of England through its individual churches can play a pivotal role in helping develop community interest and action Its many buildings can provide excellent sites for renewable facilities. In addition, it supports the opportunity that community schemes could provide by enabling tariffs to be adjusted to benefit the fuel poor.”

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

Kathleen Parker–The diminishing returns of an American college education

The problem isn’t only that higher education is unaffordable to many but that even at our highest-ranked colleges and universities, students aren’t getting much bang for their buck.

Since 1985, the price of higher education has increased 538 percent, according to a new study from the American Council of Trustees and Alumni (ACTA), a nonprofit, nonpartisan research group that encourages trustees and alumni to foster improvement where institutions may be reluctant to go against popular trends.

For perspective, compare tuition increases to a “mere” 286 percent increase in medical costs and a 121 percent increase in the consumer price index during the same period, according to the ACTA.

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

(BBC ) The Bishop of Taunton calls for talks on proposed Bishop of Bath and Wells Residence

The Bishop of Taunton has called for more consultation over plans to move the new Bishop of Bath and Wells out of a flat in the 800-year-old palace.

The Right Reverend Peter Maurice said the Church Commissioners had not spent enough time before making “a major decision of this kind”.

Bishop Maurice plans to put a question about the decision to the General Synod – the Church of England’s ruling body.

The Church Commission said the move would give the bishop more privacy.

Read it all and there is also more there.

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

Bishop of Bath and Wells to move into a rectory the C of E buys back for more than they sold it for

The £900,000 mansion that will become the home of a newly-appointed bishop was previously sold by the Church of England for less money, it has been revealed.

The Grade II-listed Georgian former rectory was sold for £750,000 in 2007 after the church deemed it ‘unsuitable’ for the clergy.

But the diocese is set to buy back the imposing property for the Right Reverend Peter Hancock in a controversial move away from his traditional historic palace.

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Anglican Provinces, Church of England (CoE), CoE Bishops, Economy, Ethics / Moral Theology, Housing/Real Estate Market, Parish Ministry, Religion & Culture, Stewardship, Theology

(FT) Prominent Money Manager Leaves his Post because of Grueling Hours and Need for more Family Time

The gruelling hours were even more important, however. In his valedictory emails, perhaps wary of the cliché, Mr El-Erian avoided saying he wanted to spend more time with his family. But that is, in fact, his main reason for leaving, according to people close to him.

One tells me that on an average day Mr El-Erian’s alarm clock goes off at 2.45am. He usually gets to the office by 4.15am, gets home to his family about 7pm, eats, goes to bed by about 8.45pm and does it again.

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Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Globalization, Labor/Labor Unions/Labor Market, Personal Finance, Stock Market

(West Fm) Archbishop Eliud Wabukala urges county governments not to tax the dead

The Anglican Church Archbishop Eliud Wabukala has strongly opposed the bill that aims at taxing the bereaved family saying it will drop the country’s economy.

“As Anglican Church we oppose the bill with strong terms, in the place first if somebody has lost a relative he or she gets affected psychologically and even financially, taxing such a person is killing him,” Archbishop Wabukala said.

He said county governments should come out and help its people by giving out loans and any other necessary support for the growth of business and farming as a way of increasing revenue collection instead of overburdening poor families who have lost their beloved ones.

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, Africa, Anglican Church of Kenya, Anglican Provinces, Children, Death / Burial / Funerals, Economy, Ethics / Moral Theology, Kenya, Marriage & Family, Parish Ministry, Personal Finance, Politics in General, Taxes, Theology

(Wired) Google’s Grand Plan to Make Your Brain Irrelevant

[Google’s] DeepMind acquisition closely follows…[the company’s] $3.2 billion purchase of smart thermostat and smoke alarm maker Nest, a slew of cutting-edge robotics companies, and another AI startup known as DNNresearch.

Google is looking to spread smart computer hardware into so many parts of our everyday lives ”” from our homes and our cars to our bodies ”” but perhaps more importantly, it’s developing a new type of artificial intelligence that can help operate these devices, as well as its many existing web and smartphone services.

Though Google is out in front of this AI arms race, others are moving in the same direction. Facebook, IBM, and Microsoft are doubling down on artificial intelligence too, and are snapping up fresh AI talent. According to The Information, Mark Zuckerberg and company were also trying to acquire DeepMind.

Read it all.

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

(Reuters) U.S. frees tech companies to give more spying data

U.S. technology companies may give the public and their customers more detail about the court orders they receive related to surveillance under an agreement they reached on Monday with the Obama administration.

Companies such as Google Inc and Microsoft Corp have been prohibited from disclosing even an approximate number of orders they received from the U.S. Foreign Intelligence Surveillance Court. They could give only an aggregate number of U.S. demands that combined surveillance court orders, letters from the FBI, subpoenas in run-of-the-mill criminal cases and other requests.

The deal frees the companies to say, for example, approximately how many orders they received in a six-month period from the surveillance court.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --Social Networking, America/U.S.A., Blogging & the Internet, Corporations/Corporate Life, Economy, Globalization, Law & Legal Issues, Politics in General, Psychology, Science & Technology