Category : Economy

(WSJ) Burial Space for U.S. Veterans Increasing at Rapid Pace

As interments of veterans and their dependents climb to a record level, the Department of Veterans Affairs is rushing to add burial space at the fastest rate since the Civil War.

The project is adding thousands of burial sites and vault spaces across the country. But a Nevada congresswoman is pressing the VA to add more national cemeteries, especially in Western states that now have few cemeteries but whose senior populations are growing.

“The prestige of being buried in a national cemetery is something every veteran is entitled to,” said Rep. Dina Titus, a Democrat, who has been prodding the VA to open more such cemeteries in places like Nevada. It is among about a dozen U.S. states that lack a federally funded and operated national cemetery, and rely mostly on veterans’ cemeteries run by states or Native American tribal governments.

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Children, Death / Burial / Funerals, Defense, National Security, Military, Economy, Eschatology, Ethics / Moral Theology, Marriage & Family, Parish Ministry, Pastoral Theology, The U.S. Government, Theology

Food for thought on the Challenge of Preaching at Christmas

“We now have a cultural Christmas and a Christian Christmas,” [Professor of religious studies at Morningside College in Iowa] Mr. Bruce Forbes said.

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Advent, America/U.S.A., Christmas, Church Year / Liturgical Seasons, Consumer/consumer spending, Corporations/Corporate Life, Economy, History, Ministry of the Ordained, Other Faiths, Parish Ministry, Religion & Culture

(Gallup) U.S. Investors Not Sold on the Stock Market as a Wealth Creator

U.S. investors are generally wary about stocks as a way for Americans to build wealth, as 37% say the stock market is an “excellent” or “good” way for average Americans to grow their assets, while 46% consider it “only fair,” and 16% call it “poor.” Large class investors — those with $100,000 or more in investable assets — are significantly more upbeat about the market’s value as a wealth generator than those with less than $100,000 of such assets, but still only 50% rate it positively.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Economy, Ethics / Moral Theology, History, Personal Finance, Psychology, Stock Market, Theology

(ERLC) Denny Burk–What Phil Robertson got wrong ”¦ and right

…while we need to acknowledge the things Robertson got wrong, we do not need to pretend that his dismissal from A&E had mainly to do with any of those three things. The A&E network does not have a track record of concern about remarks that are sexually explicit or pastorally insensitive. And I suspect that A&E would not have pulled the plug if this were merely a matter of his remarks about growing up in Louisiana. None of these by themselves caused the offense that has led to the current uproar.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, --Civil Unions & Partnerships, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Marriage & Family, Media, Movies & Television, Psychology, Religion & Culture, Sexuality, Theology, Theology: Scripture

(NYT) New Health Law Frustrates Many in Middle Class

The Chapmans acknowledge that they are better off than many people, but they represent a little-understood reality of the Affordable Care Act. While the act clearly benefits those at the low end of the income scale ”” and rich people can continue to afford even the most generous plans ”” people like the Chapmans are caught in the uncomfortable middle: not poor enough for help, but not rich enough to be indifferent to cost.

“We are just right over that line,” said Ms. Chapman, who is 54 and does administrative work for a small wealth management firm. Because their plan is being canceled, she is looking for new coverage for her family, which includes Mr. Chapman, 55, a retired fireman who works on a friend’s farm, and her two sons. “That’s an insane amount of money,” she said of their new premium. “How are you supposed to pay that?”

An analysis by The New York Times shows the cost of premiums for people who just miss qualifying for subsidies varies widely across the country and rises rapidly for people in their 50s and 60s. In some places, prices can quickly approach 20 percent of a person’s income.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, --The 2009 American Health Care Reform Debate, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Health & Medicine, Personal Finance, Politics in General, Theology

Archbishop John Sentamu–Hope and Hard Times

It’s a sobering thought that austerity measures will be around until at least 2020. What does that say to young people at the start of their working lives? For the nine million people in the UK who live below the breadline, the festivities of the next few weeks will be a test of survival rather than a season of celebration. Times are hard. Whilst reports of an economic recovery are welcome, unemployment remains a massive issue, especially amongst the young.

Indeed, the Government’s plans for further public sector cuts in 2015 means the ghost of Christmas future looms large for many. Eight government departments including the Ministry of Justice, the Department for Communities and Local Government, the Department for Energy and Climate Change, HM Treasury, the Cabinet Office, the Foreign and Commonwealth Office, and the Northern Ireland Office are all to make cuts of between 8% and 10% in 2015-16. This is going to hurt.

Successive governments have moved public sector jobs to more depressed regions, not exclusively in the North, but the knock-on effect of these cuts in the region is not to be underestimated.

Read it all.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, Advent, Archbishop of York John Sentamu, Church Year / Liturgical Seasons, Economy, England / UK, Ethics / Moral Theology, Politics in General, Religion & Culture, Theology

CT Interviews Craig Blomberg–The Scary Truth About Christian Giving

Is materialism competing with God for the hearts of his people?

The Book of James famously says that faith without works is dead. What James adds to the key passage (2:18”“26) comes immediately before it, in verses 14”“17, which illustrate what a workless faith looks like. If a brother or sister needs food and clothing, and someone says “keep warm and well fed” but does nothing to help, James asks, “Can such faith save them?” The Greek terms he uses imply a negative answer.

The scary statistic is that 20 percent of self-identified evangelical churchgoers give nothing. It is reasonable to question their faith. If idolatry is what a person who claims belief in God actually gives allegiance to, does anything have greater idolatrous potential than material possessions?

How well are churches modeling sacrificial giving?

Churches need to apply to their own revenue streams the same principles that they encourage among members….

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Ministry of the Laity, Ministry of the Ordained, Parish Ministry, Psychology, Religion & Culture, Stewardship, Theology

(WSJ) Federal Reserve Dials Back Bond Buying, Keeps a Wary Eye on Growth

Although the Fed expects to keep reducing the program “in measured steps” next year, the timing and the course isn’t preset. “Continued progress [in the economy] is by no means certain,” Mr. [Ben] Bernanke said. “The steps that we take will be data-dependent.”

If the Fed proceeds at the pace he set out, it would complete the bond-buying program toward the end of 2014 with holdings of nearly $4.5 trillion in bonds, loans and other assets, nearly six times as large as the Fed’s total holdings when the financial crisis started in 2008.

Still, officials””worried that investors would quake at the thought of less Fed support””went to lengths to demonstrate that they would keep interest rates low for years to come, even after the bond-buying program ends.
Read it all.

Posted in * Culture-Watch, * Economics, Politics, Budget, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Federal Reserve, History, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Personal Finance, Politics in General, Stock Market, The Banking System/Sector, The National Deficit, The U.S. Government, Theology

(Gallup) Record High in U.S. Say Big Government Greatest Threat in the future

Seventy-two percent of Americans say big government is a greater threat to the U.S. in the future than is big business or big labor, a record high in the nearly 50-year history of this question. The prior high for big government was 65% in 1999 and 2000. Big government has always topped big business and big labor, including in the initial asking in 1965, but just 35% named it at that time.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Economy, History, Politics in General, Psychology, The U.S. Government

The US ambassador meets with South Sudan president over ongoing internal strife

The United States State Department announced that its ambassador in Juba met on Wednesday with South Sudan’s president Salva Kiir amid fears of an outbreak of civil war in the world’s newest nation.

“Today, Ambassador Page met with President Kiir in Juba to discuss our concern about the continued violence, increasing death toll, and growing humanitarian challenges,” US Deputy State Department Spokesperson Marie Harf told reporters today.

“She raised the arrests of several opposition members and called on the government to ensure their rights are protected in accordance with South Sudan’s constitution and international humanitarian and human rights laws and norms,” she added.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --South Sudan, Africa, Economy, Ethics / Moral Theology, Foreign Relations, History, Politics in General, Sudan, Theology, Violence

(CC) Kate Bowler–The American megachurch and the Christmas prosperity gospel

Christmastime in America’s megachurches is a middle-class utopia. Jesus’ coming rewards the faithful with more than enough, a whole-life prosperity that can be seen as much in the Xbox One under the tree as in the worship at the altar of children’s Christmas pageants. So much the better if your church can assemble a living Christmas tree or a nativity scene that doubles as a petting zoo.

But perhaps this has more to do with what Tewaldi, an Ethiopian refugee member of our evangelical Mennonite church, observed after his first year in Canada: “At this church, I can’t tell the difference between Good Friday and Easter.”

Coming out of the ceremonial richness of his Coptic background, Tewaldi couldn’t feel among us the liturgical lows of the Christian calendar. And so he couldn’t feel the highs either. The flattening effect of North American Protestantism came at a theological price. Without that temporal economy of up and down”” sanctified periods of celebration and discipline, light and darkness, feasting and fasting””it was hard to tell spiritual time at all.

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Christmas, Church Year / Liturgical Seasons, Consumer/consumer spending, Economy, History, Liturgy, Music, Worship, Parish Ministry, Religion & Culture, Theology

(Bloomberg) Illustrating a broad shift, at 61 She Lives in Basement While 87-Year-Old Dad Travels

While plenty of baby boomers, born from 1946 to 1964, have become affluent and many elderly around the U.S. face financial hardship, the wealth disparity of this father and daughter is emblematic of a broad shift occurring around the country. A rising tide of graying baby boomers is less secure financially and has a lower standard of living than their aged parents.

The median net worth for U.S. households headed by boomers aged 55 to 64 was almost 8 percent lower, at $143,964, than those 75 and older in 2011, according to Census Bureau data. Boomers lost more than other groups in the stock market and housing bust of 2008, and many also lost their jobs in the aftermath at a critical point in their productive years.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Aging / the Elderly, Children, Economy, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Marriage & Family, Medicare, Middle Age, Pensions, Personal Finance, Psychology, Social Security, Stock Market, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government

Andrew Ross Sorkin–How Nelson Mandela Shifted Views on Freedom of Markets

When you think about Nelson Mandela, you probably think about freedom ”” free people, free country, free speech. What may be overshadowWhen Mr. Mandela was released from prison in 1990, he told his followers in the African National Congress that he believed in the nationalization of South Africa’s main businesses. “The nationalization of the mines, banks and monopoly industries is the policy of the A.N.C., and a change or modification of our views in this regard is inconceivable,” he said at the time.

Two years later, however, Mr. Mandela changed his mind, embracing capitalism, and charted a new economic course for his country.

ed by Mr. Mandela’s extraordinary legacy was his complicated journey to support free markets and a free economy.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Africa, Economy, Ethics / Moral Theology, History, South Africa, Theology

(Washington Post) Robert Samuelson–The Latest Budget Deal is just more muddling through

But there’s a problem. [Charles] Lindblom’s common-sense insight has a giant exception: crises. Change, forced by outside events, then happens by “leaps and bounds.” The recent financial crisis caused Congress and two presidents to embrace measures (the rescue of big banks, General Motors and Chrysler) that were unthinkable a few months earlier. In the 1960s, civil rights demonstrations pushed Congress to pass the Civil Rights Act of 1964 that, in outlawing most public racial discrimination, wasn’t “incremental.” History offers other examples, including the Civil War, the New Deal and both World Wars. Small changes won’t suffice when big changes are required.

On the budget, muddling through comes with a crucial assumption. It is that continuous deficits won’t provoke a crisis that compels political leaders to take harsh steps that they would otherwise not take. This optimism may be justified. For decades, “experts” have warned of the dire consequences of unchecked deficits. Yet no great crisis has occurred. But this conviction also could be complacency. Government debt is in territory that, except for wartime debt, is unprecedented. We don’t know the consequences. Someday, we may no longer have the luxury of muddling through.

Read it all.

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

Andrew Haines–Pope Emeritus Benedict Defends Pope Francis on Markets and Ethics

Also overlooked amidst the fallout from Evangelii Gaudium was a statement by Pope Emeritus Benedict XVI, which defended not only Francis’s remarks in EG, but also their specific context, as as well as the greater role of the Church vis-à-vis economics and morality….

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Anthropology, Church History, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, History, Other Churches, Pope Benedict XVI, Pope Francis, Roman Catholic, Theology

(Bloomberg) The Flood of North American Oil will become deluge as Mexico Ends Monopoly

The flood of North American crude oil is set to become a deluge as Mexico dismantles a 75-year-old barrier to foreign investment in its oil fields.

Plagued by almost a decade of slumping output that has degraded Mexico’s take from a $100-a-barrel oil market, President Enrique Pena Nieto is seeking an end to the state monopoly over one of the biggest crude resources in the Western Hemisphere. The doubling in Mexican oil output that Citigroup Inc. said may result from inviting international explorers to drill would be equivalent to adding another Nigeria to world supply, or about 2.5 million barrels a day.

That boom would augment a supply surge from U.S. and Canadian wells that Exxon Mobil Corp. (XOM) predicts will vault North American production ahead of every OPEC member except Saudi Arabia within two years.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Corporations/Corporate Life, Economy, Energy, Natural Resources, Foreign Relations, Mexico, Politics in General

For Artifacts From Closed Churches, an Afterlife on Staten Island

There will soon be a rooftop swimming pool where the copper-domed bell towers of Mary Help of Christians once rose.

Formerly a hub of the East Village’s Italian-American community, the site of the Roman Catholic church is now slated for a 158-unit rental building, complete with basement gym and rooftop gardens ”” a familiar trajectory for a growing number of houses of worship as church attendance falls and real estate values soar.

In the rubble-strewn lot on Avenue A between 11th and 12th Streets where Mary Help of Christians and its school and rectory long stood, a rusty basketball hoop and strip of blacktop are all that is left. But perhaps unknown to those mourning the church’s passing, much of what was precious inside it ”” and other now-closed Catholic churches ”” sits in a Staten Island warehouse, awaiting a second chance.

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Art, Economy, History, Parish Ministry, Religion & Culture

A WSJ Portrait of McAfee's Chief–Fighting Cybercrime Isn't Just Business

Cybercriminals generally fall into one of three categories, he says. First there are the “Anonymouses of the world” or the hacktivists””people who expose information about a company or government they morally oppose. Second is organized crime. “They’re realizing there’s far more money in cybercrime than prostitution,” Mr. DeCesare says. “You can buy somebody’s I.D. for less than $10 online.” Third are activities funded by states and other political groups. “Every government has a cyber division,” he says, including the U.S. But cyber dangers now stretch beyond state lines to groups such as al Qaeda. “Cybercrime is a lot like that””[the country is] almost not relevant anymore,” making it difficult to hold governments accountable.

From a consumer standpoint, Mr. DeCesare knows from personal experience how easy it is to be fooled online. One of his three children once clicked on a site that turned out to be pornographic. “A Selena Gomez site was not what it was advertised to be,” he remembers. Mr. DeCesare now cautions his children against going to celebrity-related websites, which are common points of attack. The “bad guys,” he says, often build their own sites around popular stars.

Read it all (emphasis mine).

Posted in * Culture-Watch, * Economics, Politics, --Social Networking, Anthropology, Blogging & the Internet, Consumer/consumer spending, Corporations/Corporate Life, Economy, Globalization, Law & Legal Issues, Police/Fire, Psychology, Science & Technology, Theology

(The State) Cindi Scoppe–The war on Advent continues

I’d be more sympathetic to complaints about the war on Christmas if they weren’t coming from the very people who have waged a largely successful war on Advent. Because, let’s face it, the idea that Christmas should be celebrated in early December, or even mid-December, is not a Christian concept; Christmas celebrations historically were confined to ”¦ Christmas. They were even banned in several of the Protestant colonies, and once the bans were lifted, Christmas remained unrecognizably low-key by today’s standards. The monthlong Christmas celebration is a secular invention, promoted and pushed a little harder each year by a retail industry bent on doing what it does best: convince us to buy more and more things we don’t need.

And the complaint about a societal war on Christmas is not a religious complaint; it’s a political complaint, which politicians have used quite effectively to make too many people believe that Christians have been marginalized by the larger society ”” as if we weren’t ourselves the larger society.

Adding insult to spiritual injury, the assault on Advent crowds out the real observation of Christmas ”” the one that starts on the evening of Dec. 24 and runs through Epiphany, 12 days later. Try to find a Christmas carol then or, after the new year, anyone who even says “happy holidays,” much less “merry Christmas.”

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Advent, Christmas, Christology, Church Year / Liturgical Seasons, Consumer/consumer spending, Corporations/Corporate Life, Economy, Eschatology, Media, Religion & Culture, Theology

(Bloomberg) World Led by the U.S. is Poised for the Fastest Economic Growth Since 2010

The world economy is primed for its fastest expansion in four years, with the U.S. propelling the improvement in output.

Global growth will accelerate at least 3.4 percent in 2014 from less than 3 percent this year as the euro area recovers from recession and China and other emerging markets stabilize, according to economists at Goldman Sachs Group Inc., Deutsche Bank AG and Morgan Stanley. The U.K. will be a standout, while Japan risks damping the mood by suffering a mid-year slowdown after an April increase in sales taxes.

“So far it’s been a very bumpy, below-par and brittle expansion,” said Joachim Fels, co-chief global economist at Morgan Stanley in London. “Next year could bring a very important transition: a transition to a sounder, safer and more sustainable recovery.”

Read it all.

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

Life in the Social Media/Information Age–The Agony of Instagram Envy

A third [friend of Erin Wurzel]…posted her holiday table setting in Paris, complete with burning candles, rolled napkins with napkin rings, an open Champagne bottle, a huge centerpiece of fall flowers and the illuminated Eiffel Tower framed in a casement window.

“I let out an ”˜Oh, my God!,’ like a little kid who wants something they cannot have,” said Ms. Wurzel, a program analyst in Philadelphia who uses the Instagram handle likewantneed. “You’re searching through your feed and a picture will hit you, like that Paris shot. It’s just so perfect. You just think, ”˜I want that, I want that life.’ ”

It’s called Instagram envy, and Ms. Wurzel had it bad.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * General Interest, --Social Networking, Blogging & the Internet, Consumer/consumer spending, Economy, Ethics / Moral Theology, Photos/Photography, Psychology, Science & Technology, Theology, Young Adults

(Globe and Mail) Gary Mason–California’s troubles are on every corner

The department of finance has said California’s debt was paid down to less than $28-billion (U.S.). But that doesn’t include government employee pension and health benefits that have been promised but not funded. Stanford University estimates that unfunded pension liabilities are as much as $497-billion.

Meantime, a report by the Pew Center suggests that unfunded state retiree liabilities are $77-billion and growing. Most agree that until California deals with these two areas, it will only be pecking away at its monstrous fiscal challenges. It’s difficult to imagine state legislators not having to deliver some extremely unpleasant news to tens of thousands of government employees in the coming years.

Despite its financial woes, California continues to talk about a high-speed rail line between Los Angeles and San Francisco that would cost tens of billions. On another front, the state ruled against allowing fracking for oil and gas despite having the largest shale deposits in the country. Many believe this one move alone could have helped release California from the grips of financial despair.

Read it all.

Posted in * Economics, Politics, Economy, Pensions, Personal Finance, Politics in General, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

(Church Times) Archbishop Welby talks to energy firms

Executives from energy companies met the Archbishop of Canterbury at Lambeth Palace on Wednesday, two months after he called on such firms to be “conscious of their social obligations”, given the “severe” impact of energy price rises.

A statement from Lambeth Palace said that the senior representatives met to talk about “their perspectives on social responsibility around the energy-supply sector”. This was “one of a number of private meetings hosted by Archbishop Justin in order to draw on the experience of people from different areas of national life”.

Read it all.

Posted in * Anglican - Episcopal, * Economics, Politics, * International News & Commentary, --Justin Welby, Anglican Provinces, Archbishop of Canterbury, Church of England (CoE), Consumer/consumer spending, Corporations/Corporate Life, Economy, Energy, Natural Resources, England / UK, Ethics / Moral Theology, Personal Finance, Theology

(WSJ RTE Blog) Workers’ Pay, Benefits Up 38 Cents (1.2%) per Hour From Last Year

Workers’ pay is hardly growing, with average hourly compensation only rising 38 cents, or 1.2%, over the last year.

Including both wages and benefits, employers paid an hourly average of $31.16 to each worker in September, compared with $30.78 a year ago, according to a Labor Department report released Wednesday. Wages and salaries made up nearly 70% of total compensation.

The agency’s quarterly report measures the average costs of wages, salaries and benefits for employees in the nonfarm private sector and state and local government workers. It doesn’t include people who work for the federal government or are self-employed. Benefit costs include paid leave, such as vacation or personal time, and the legally required benefits of Social Security, Medicare, unemployment insurance and workers’ compensation.

Read it all.

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

(Bloomberg) Despite budget deal, Washington still expected to Hamper Recovery in 2014

Americans see little prospect that President Barack Obama and Congress can get much done beyond keeping the government open for the next few months.

A Bloomberg National Poll finds 78 percent of respondents say the political gridlock in Washington will hurt the nation’s economy in 2014.

Large majorities say they want the government to ensure the new health-care law functions well, that policy makers agree to revise the tax code, and that an accord is reached to provide a pathway to U.S. citizenship for undocumented immigrants.

Yet most doubt those things can be accomplished in the current political environment…

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, House of Representatives, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Office of the President, Personal Finance, Politics in General, President Barack Obama, Psychology, Senate, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology

(NY Times Magazine) Google’s Road Map to Global Domination

A Frenchman who has lived half his 49 years in the United States, [Luc] Vincent was never in the Marines. But he is a leader in a new great game: the Internet land grab, which can be reduced to three key battles over three key conceptual territories. What came first, conquered by Google’s superior search algorithms. Who was next, and Facebook was the victor. But where, arguably the biggest prize of all, has yet to be completely won.

Where-type questions ”” the kind that result in a little map popping up on the search-results page ”” account for some 20 percent of all Google queries done from the desktop. But ultimately more important by far is location-awareness, the sort of geographical information that our phones and other mobile devices already require in order to function. In the future, such location-awareness will be built into more than just phones. All of our stuff will know where it is ”” and that awareness will imbue the real world with some of the power of the virtual. Your house keys will tell you that they’re still on your desk at work. Your tools will remind you that they were lent to a friend. And your car will be able to drive itself on an errand to retrieve both your keys and your tools.

While no one can say exactly how we will get from the current moment to that Jetsonian future, one thing for sure can be said about location-awareness: maps are required. Tomorrow’s map, integrally connected to everything that moves (the keys, the tools, the car), will be so fundamental to their operation that the map will, in effect, be their operating system.

Read it all.

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

Economists project Charleston, S.C., area jobs and income growth in 2014

Bullish construction activity, new jobs and higher wages are expected to grow the Charleston region’s economy in 2014, mirroring – and even surpassing – projections for South Carolina as a whole.

That was the message given in the University of South Carolina’s annual economic outlook report, which was given Monday during the school’s 33rd annual Economic Outlook Conference in Columbia.

usiness school economists Douglas Woodward and Joseph Von Nessen are predicting job growth – the single best economic indicator – to increase by 1.7 percent in the Palmetto State during 2014. The two made the prediction barring major changes in the U.S. Federal Reserve’s massive economic stimulus program.

Read it all.

Posted in * Economics, Politics, * South Carolina, Economy

Archbishop Welby summons Big Six energy bosses to discuss price rises and their impact on the poor

The Archbishop of Canterbury has summoned the bosses of the ”˜Big Six’ energy companies to a private meeting on Wednesday to discuss fuel poverty and rising energy prices.

The meeting comes after the Most Rev Justin Welby said he understood why people felt above-inflation price rises were “inexplicable” and called on the companies to act with “generosity”.

Four of the Big Six supliers are believed to be sending their most senior UK executives, in contrast to a recent Commons select committee hearing where just one, E.On chief executive Tony Cocker, attended to face MPs.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, --Justin Welby, Archbishop of Canterbury, Corporations/Corporate Life, Economy, Energy, Natural Resources, England / UK, Personal Finance, Poverty, Religion & Culture

(Washington Post) House, Senate negotiators reach budget deal

House and Senate negotiators have reached agreement on an $85 billion package to fund the government past Jan. 15, avoid another federal shutdown and end the cycle of budget crises that have dominated Washington for much of the past three years.

The deal did not include a key priority of House Democrats who wanted an extension of long-term benefits for the unemployed. But Democrats said they would continue to press Republicans on the issue in hopes of preventing more than 1 million people from losing their unemployment checks at the end of the month.

Read it all.

Posted in * Economics, Politics, Budget, Economy, House of Representatives, Politics in General, Senate, The National Deficit, The U.S. Government

(Bloomberg) Wall Street faces more scrutiny as the era of the Volcker rule begins

Wall Street faces more intensive government scrutiny of trading after U.S. regulators issued what they billed as a strict Volcker rule today, imposing new curbs designed to prevent financial blowups while leaving many details to be worked out later.

The Federal Reserve, Federal Deposit Insurance Corp. and three other agencies formally adopted the proprietary trading ban. The rule has been contested by JPMorgan Chase & Co., Goldman Sachs Group Inc. and their industry allies for more than three years.

Wall Street’s lobbying efforts paid off in easing some provisions of the rule. Regulators granted a broader exemption for banks’ market-making desks, on the condition that traders aren’t paid in a way that rewards proprietary trading. The regulation also exempts some securities tied to foreign sovereign debt.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Law & Legal Issues, Politics in General, Stock Market, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology