Category : Economy

Local Politics (IV)–A Former State Senator opposes a Dorchester Cnty Sales Tax Inxrease

[Many voters]… are angry that their County Council has scheduled its fourth attempt to pass LOST in a special election on Nov. 5, 2013, when they know that low voter turnout and $33,000+ special costs are assured, rather than in a regularly scheduled, no extra cost election in, say, Nov. 2014. They also are angry about Council’s misinformation (until corrected by citizens) that LOST would not tax groceries (it does) and its annual costs would be much lower than they are; some Councilmen’s expressing disdain for opposition to LOST, denouncing citizen statements as false but refusing to give corrections, refusing to provide evidence of Councilmen’s claims, and not understanding the consequences of LOST; and one Councilman at a public meeting uncivilly tossing away two anti-LOST flyers on a nearby table, yelling they were all “lies” and wagging his finger at a LOST opponent as he derisively challenged that opponent to a debate at which the Councilman declared he would “shred” the opponent.

Citizens are angry to realize that, while LOST would give property tax relief to some, large numbers of citizens essentially would not benefit at all; most would pay more sales tax than they would save in property tax; most benefits would go to a wealthy few who need them the least; the costs of getting LOST tax benefits would be exorbitant; and the LOST tax would grow government by increasing government spending.

Read it all.

Posted in * Economics, Politics, * South Carolina, City Government, Economy, Politics in General, Taxes

Local Politics (III)-Why Kendall Harmon will be Voting Against a Dorchester Cnty Sales Tax Inxrease

It would be nice if more Christians understood that our faith always has local implications, including our life in public, which is in the polis, and therefore our faith has local political ramifications. The are derivative, yes, they are always penultimate, but they do matter.

This whole campaign makes me sad. It is a pitch to lessen property taxes by raising sales taxes. Allegedly.

It is immoral in all sorts of ways but here are two principle reasons why I will vote no. First, it is a regressive tax. Those least able to will have to pay more tax (and yes it goes on groceries!). And secondly, the other argument I hear all over is all the other counties are doing it so we should to, otherwise we will lose business etc. to nearby counties which already have the (dumb, immoral) tax. This is right out if 1 Samuel where Israel asks for a King since all the other nations have one.

Now this may cause property taxes to be slightly higher, and since we own our home, that will involve us. I don’t know anyone who likes higher taxes, but if this is the implication of my vote this coming November, so be it.

County Leaders should be ashamed of themselves (especially since this is the fourth time they have tried this)–KSH.

Posted in * By Kendall, * Culture-Watch, * Economics, Politics, City Government, Consumer/consumer spending, Economy, Ethics / Moral Theology, Housing/Real Estate Market, Personal Finance, Politics in General, Rural/Town Life, Taxes, Theology

Local Politics (II)–Confusion, opposition emerge over Dorchester County local option sales tax

Larry Hargett might be right: Dorchester County residents might not know enough about a local option sales tax yet to vote on it.

If the county councilman is, that’s not good news for leaders pushing the Nov. 5 referendum.

Earlier this year, County Council unanimously approved a referendum for the local election Nov. 5. Now they are visibly frustrated by the sometimes hostile opposition.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, City Government, Consumer/consumer spending, Economy, Ethics / Moral Theology, Housing/Real Estate Market, Personal Finance, Politics in General, Rural/Town Life, Taxes, Theology

Local Politics (I)–Proposed Sales Tax Increase for the County in which I live (Dorchester in S.C.)

Herewith the question as it will read on the ballot November 5.

Posted in * Culture-Watch, * Economics, Politics, * South Carolina, City Government, Consumer/consumer spending, Economy, Housing/Real Estate Market, Personal Finance, Politics in General, Rural/Town Life, Taxes

(NY Times) Gambling Debate Entangles Disney in Florida

Disney, a powerhouse in Florida because of its financial might and its sway over the tourism industry, has long led the fight against the expansion of casinos in the state, arguing successfully that gambling tarnishes Florida’s coveted family-friendly brand.

This year is no exception. For the second time in two years, state lawmakers are preparing to decide whether Las Vegas-style resort casinos should be allowed to open in Florida, a move that Disney hopes to thwart again. The company is so opposed to gambling that not even Disney cruise ships offer casinos, a mainstay of major cruise liners.

But in a nation increasingly awash in various forms of gambling, Disney is finding that keeping a constantly growing entertainment conglomerate completely removed from gambling is far more challenging than it used to be.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Gambling, Politics in General, State Government, Theology

(WSJ) Nicholas Hahn: Is Tax Policy really the Purview of Preachers?

The bishops might have been promoting a strictly Democratic line, but U.S. Senate Chaplain Barry Black was more ecumenical. Amid the shutdown, Rev. Black offered a daily prayer in the Senate chamber asking God to “save us from the madness. We acknowledge our transgressions, our shortcomings, our smugness, our selfishness, and our pride.” Later he condemned the “hypocrisy of attempting to sound reasonable while being unreasonable.” His listeners in one party no doubt assumed he was talking about the other side.

It is one thing to spiritually shame politicians, as Rev. Black did. Trying to do their jobs is another. The bishops and other clergy in the Circle of Protection go well beyond their competencies when they make such policy prescriptions. Speaking about the moral issues of the day is certainly within their pastoral purview, but the bishops’ calls to raise revenues (aka taxes), for instance, or eliminate “unnecessary” military spending are not.

Bishops routinely assert their authority as “pastors and teachers,” as Bishops Blaire, Gomez and Pates did, but according to the tradition of their own church, they have no teaching authority when it comes to politics.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Budget, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, House of Representatives, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Medicaid, Medicare, Office of the President, Politics in General, President Barack Obama, Religion & Culture, Senate, Social Security, Taxes, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The National Deficit, The U.S. Government, Theology

Mike Shedlock's experience on the Affordable Care Act's website

Results display 10 at a time. Most of the contacts require a phone call to schedule an appointment.

It seems you need a navigator to help you find a navigator. No problem.

Take the time to read it all.

Posted in * Culture-Watch, * Economics, Politics, --The 2009 American Health Care Reform Debate, Blogging & the Internet, Consumer/consumer spending, Economy, Ethics / Moral Theology, Health & Medicine, Politics in General, The U.S. Government, Theology

(RNS) Hollywood looks to the Bible for screenplay potential

tudios and filmmakers are rediscovering a classic text as source material for upcoming mainstream films: the Bible.

Nearly 10 years after the blockbuster success of Mel Gibson’s “The Passion of the Christ,” which earned $611.9 million worldwide, studios are looking to the Good Book for good material….

Read it all.

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

(Observer) Abigail Haworth–Why have young people in Japan stopped having sex?

Ai Aoyama is a sex and relationship counsellor who works out of her narrow three-story home on a Tokyo back street. Aoyama, 52, is trying to cure what Japan’s media calls sekkusu shinai shokogun, or “celibacy syndrome”. Japan’s under-40s appear to be losing interest in conventional relationships. Millions aren’t even dating, and increasing numbers can’t be bothered with sex.

Japan’s under-40s won’t go forth and multiply out of duty, as postwar generations did. The country is undergoing major social transition after 20 years of economic stagnation. It is also battling against the effects on its already nuclear-destruction-scarred psyche of 2011’s earthquake, tsunami and radioactive meltdown. There is no going back. “Both men and women say to me they don’t see the point of love. They don’t believe it can lead anywhere,” says Aoyama. “Relationships have become too hard.”

Japan’s punishing corporate world makes it almost impossible for women to combine a career and family, while children are unaffordable unless both parents work. Cohabiting or unmarried parenthood is still unusual, dogged by bureaucratic disapproval.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Anthropology, Asia, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Health & Medicine, Japan, Labor/Labor Unions/Labor Market, Politics in General, Psychology, Sexuality, Theology, Young Adults

(NY Times Cairo Journal) Egyptians Abandoning Hope and Now, Reluctantly, Homeland

In his years as a dissident, the book publisher had taken on Egypt’s autocratic government and its censors, aided revolutionaries during the uprising and protested in the streets to protect freedoms he thought he had helped the country win.

But like many other Egyptians these days, the publisher, Mohamed Hashem, says he feels defeated by the latest tragic turn, toward growing violence, repression and civil strife after the military ousted President Mohamed Morsi in July. Tired of waiting for better days, the publisher announced last week that he would emigrate, stunning his friends and a legion of young fans.

“I won’t postpone happiness until I die,” he said.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Economy, Egypt, Foreign Relations, Middle East, Politics in General, Psychology, Religion & Culture, Violence

(Mike Shedlock) Growth in Social Security Benefits versus Wage Growth

Clearly this payout trend is unsustainable, but what politician dare touch it?

Social Security is not that difficult a problem in theory (at least in comparison to Medicare), except for the politics of it all. Numerous things could be done to put the system in the green.

Possible Ways to Make Social Security Actuarially Sound

Raise retirement age
Raise or eliminate the cap on payroll taxes
Cut benefits
Collect Social Security on personal income
Implement a Tiered Cap structure
Means Testing

Democrats would oppose 1 and 3. Republicans might oppose all but 3. So, how does this mess end if politicians won’t touch it?

Read it all and make sure to take a careful look at the charts.

Posted in * Culture-Watch, * Economics, Politics, Aging / the Elderly, Economy, Labor/Labor Unions/Labor Market, Social Security, The U.S. Government, Young Adults

(FT) Iran’s diplomacy shows a recognition of its decline

Iran’s positive attitude in its negotiations with the US, Britain, France, Germany, China and Russia over its nuclear programme marks a clear shift in policy.

This welcome development, seen during the past week in talks in Geneva, follows Tehran’s willingness to go along with the Russian-initiated deal on chemical weapons in Syria ”“ where Iran is backing the Assad regime. The Islamic Republic appears to be softening its longstanding policies in favour of a more conciliatory approach. The shift is caused by the country’s long-term decline in the Middle East ”“ and Tehran’s recognition that it must act on this decline. Iran’s stance will hold the key to a number of interlocking regional conflicts, so identifying its cause helps shape policy responses to it.Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Economy, Foreign Relations, Globalization, Iran, Middle East, Politics in General

(Sunday Mailonline) Archbishop damns energy price hikes in controversial attack

The Archbishop of Canterbury has criticised energy companies for imposing huge price rises that will hammer struggling families.

Justin Welby said power giants had a ”˜massive’ moral duty beyond squeezing customers for maximum profit, and challenged the firms to justify their huge increases in bills.

The Archbishop, himself a former oil executive, said he understood the anger over apparently ”˜inexplicable’ rises and called on the companies ”˜to behave with generosity and not merely to maximise opportunity’.

Read it all.

Posted in * Anglican - Episcopal, * Economics, Politics, * International News & Commentary, --Justin Welby, Archbishop of Canterbury, Consumer/consumer spending, Corporations/Corporate Life, Economy, Energy, Natural Resources, England / UK

(Pew Research) 5 facts about Social Security

2–At its root Social Security is, and always has been, an inter-generational transfer of wealth….

4–…since 2010 Social Security’s cash expenses have exceeded its cash receipts; negative cash flow last year was about $55 billion, according to the latest report from the system’s trustees. While credited interest is still more than enough to cover the deficit, that will only be true until 2020. After that, Social Security will begin redeeming its hoard of Treasuries for cash to continue paying benefits ”” as was the plan all along.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Budget, Economy, Ethics / Moral Theology, History, House of Representatives, Labor/Labor Unions/Labor Market, Office of the President, Politics in General, President Barack Obama, Senate, Social Security, The National Deficit, The U.S. Government, Theology

(Pew Research) Trust in Government Nears Record Low, But Most Federal Agencies Are Viewed Favorably

Public trust in the government, already quite low, has edged even lower in a survey conducted just before the Oct. 16 agreement to end the government shutdown and raise the debt ceiling.

Trust in Government Again Near All-Time LowJust 19% say that they trust the government in Washington to do what is right just about always or most of the time, down seven points since January. The current measure matches the level reached in August 2011, following the last battle over the debt ceiling. Explore a Pew Research interactive on Public Trust in Government: 1958-2013.

The share of the public saying they are angry at the federal government, which equaled an all-time high in late September (26%), has ticked up to 30%. Another 55% say they are frustrated with the government. Just 12% say they are basically content with the federal government.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Economy, Ethics / Moral Theology, History, House of Representatives, Office of the President, Politics in General, President Barack Obama, President George Bush, Psychology, Senate, The U.S. Government, Theology

(BBC) 100 Women: How US mothers are the new breadwinners

Almost half of all American women (40%) with children under the age of 18 are the primary or sole source of income in their families, according to a major Pew survey released this year. Back in 1960, the share was just 11%. It is a huge social shift.

Once, American mothers were dubbed “soccer moms”. Then, after 9/11, we got to know the “security moms”. Today’s generation are the “breadwinner moms”.

But to lump all these millions of women together is simplistic. This story of financial revolution is really two stories.

Read it all.

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

(WSJ) Stanley Druckenmiller: How Washington Really Redistributes Income, robbing future generations

Stan Druckenmiller makes an unlikely class warrior. He’s a member of the 1%””make that the 0.001%””one of the most successful money managers of all time, and 60 years old to boot. But lately he has been touring college campuses promoting a message of income redistribution you don’t hear out of Washington. It’s how federal entitlements like Medicare and Social Security are letting Mr. Druckenmiller’s generation rip off all those doting Barack Obama voters in Generation X, Y and Z.

“I have been shocked at the reception. I had planned to only visit Bowdoin, ” his alma mater in Maine, he says. But he has since been invited to multiple campuses, and even the kids at Stanford and Berkeley have welcomed his theme of generational theft. Harlem Children’s Zone President Geoffrey Canada and former Federal Reserve Governor Kevin Warsh have joined him at stops along the tour.

Mr. Druckenmiller describes the reaction of students: “The biggest question I got was, ‘How do we start a movement?’ And my answer was ‘I’m a 60-year-old washed-up money manager. I don’t know how to start a movement. That’s your job. But we did it in Vietnam without Twitter and without Facebook and without any social media. That’s your job.’ But the enthusiasm””they get it.”

Read it all.

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

(CT) Kate Shellnutt–Church Stereotypes, According to Google

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Blogging & the Internet, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Parish Ministry, Religion & Culture, Science & Technology, Theology

(Marketwatch) U.S. debt tops $17 trillion for first time

Read it all.

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

(Stourbridge News) Church backs Dudley union which is a credit to ethical lending

The Church of England is backing an organisation which it says is a credit to ethical lending in Dudley.

The Church of England deposited £15,000 from its Social Responsibility Fund with Castle & Crystal Credit Union.

Unlike many banks and payday loan companies, credit unions are co-operatives with no external shareholders and only lend money which has been deposited by its members.

Robert Higham, diocesan secretary for the Diocese of Worcester, said: “With a well established credit union in our community, it gives people in need of affordable financial services somewhere to turn and helps them to make ends meet.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, Anglican Provinces, Church of England (CoE), Economy, England / UK, Ethics / Moral Theology, Personal Finance, Religion & Culture, The Banking System/Sector, Theology

(Church Times) Join your local credit union, Archbishop and bishops urge

The ledgers of the country’s credit unions enjoyed a boost this week, as dioceses and bishops deposited money, backing up warm words.

In a personal letter that is being sent out to 8000 members of the clergy in mid-November, the Archbishop of Canterbury urges them to support their local credit union: “Our faith in Christ calls us to love the poor and vulnerable with our actions. That is why the Church must be actively involved in supporting the development of real lending alternatives, such as credit unions.”

More than 40 bishops are taking up the call immediately, and at least 11 of them planned to mark International Credit Union Day yesterday by opening accounts.

Read it all.

Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, --Justin Welby, Anglican Provinces, Archbishop of Canterbury, Church of England (CoE), CoE Bishops, Consumer/consumer spending, Corporations/Corporate Life, Economy, Personal Finance, Religion & Culture, The Banking System/Sector

(FT) Analysts see US crisis deferred not solved

Standard & Poor’s is only raising half a cheer at the deal:

“We believe that to date, the shutdown has shaved at least 0.6 per cent off of annualised fourth-quarter 2013 GDP growth, or taken $24bn out of the economy.

“The short turnround for politicians to negotiate some sort of lasting deal will probably weigh on consumer confidence, especially among government workers that were furloughed. If people are afraid that the government policy brinkmanship will resurface again, and with it the risk of another shutdown or worse, they’ll remain afraid to open up their cheque books. That points to another Humbug holiday season.”

Read it all (if necessary another link is there).

Posted in * Culture-Watch, * Economics, Politics, Aging / the Elderly, Budget, Economy, Health & Medicine, House of Representatives, Medicaid, Medicare, Office of the President, Politics in General, President Barack Obama, Senate, Social Security, Taxes, The National Deficit, The U.S. Government, The United States Currency (Dollar etc)

(CSM) US debt showdown: In the eyes of the world, the damage is already done

Is the US dollar’s position as the reserve currency of the world imperiled as a result of the debt limit showdown in Washington?

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Budget, Consumer/consumer spending, Corporations/Corporate Life, Currency Markets, Economy, Ethics / Moral Theology, Foreign Relations, Globalization, House of Representatives, Office of the President, Politics in General, Senate, The National Deficit, The U.S. Government, Theology

Notable and Quotable–Senator Lindsey Graham on the most recent Washington Drama and Debacle

“We took some bread crumbs and left an entire meal on the table,” said Senator Lindsey Graham, Republican of South Carolina. “This has been a really bad two weeks for the Republican Party”–From the online version of last night’s New York Times

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

Posted in * Culture-Watch, * Economics, Politics, * South Carolina, --The 2009 American Health Care Reform Debate, Budget, Economy, Ethics / Moral Theology, Health & Medicine, House of Representatives, Office of the President, Politics in General, President Barack Obama, Senate, The National Deficit, The U.S. Government, Theology

(CT) A Major provider of church health benefits takes on federal government for the first time

The massive retirement and health benefits arm of the Southern Baptist Convention, GuideStone Financial Services, has made good on its threat to pivot from advocacy to litigation in defending beleaguered church health plans.

In its first-ever federal lawsuit, GuideStone has partnered with The Becket Fund for Religious Liberty and Locke Lord LLP to file a class-action lawsuit against what Becket described as “the federal government’s mandate that [GuideStone clients] provide employees with free access to abortion-inducing drugs and devices.”

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * Religion News & Commentary, --The 2009 American Health Care Reform Debate, Corporations/Corporate Life, Economy, Health & Medicine, Law & Legal Issues, Other Churches, Parish Ministry, The U.S. Government

(Pew Research) As Debt Limit Deadline Nears, Concern Ticks Up But Skepticism Persists

With just two days to go before an Oct. 17 deadline to raise the nation’s debt limit, 51% of the public views a rise in the nation’s debt limit as “absolutely essential” in order to avoid an Half View Debt Limit Increase as Essential, More than a Third Say it is Noteconomic crisis, while 36% think the country can go past the deadline without major problems.

Public concern over breaching the debt limit deadline has risen only slightly from a week ago, when 47% said a rise in the debt limit was essential and 39% said it was not.

Those who see no dire economic consequences resulting from going past Thursday’s deadline are not only skeptical about the timing ”“ most say there is no need to raise the debt limit at all. Nearly a quarter of all Americans (23%) ”“ including 37% of Republicans and 52% of Tea Party Republicans ”“ believe the debt limit does not need to be raised at all.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Budget, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Globalization, House of Representatives, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Office of the President, Personal Finance, Politics in General, Senate, Stock Market, The National Deficit, The U.S. Government, Theology

Senate leaders could Soon announce deal to raise debt limit and reopen the govt

Looks like it will go through Jan 15, and there will be a panel create to work on deficit reduction.

One of many tweets:

”@j_strong
“It’s all over. We’ll take Senate deal” … “People are thinking about primaries, they really are”

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

Al Mohler–How Pornography Works: It Hijacks the Male Brain

We are fast becoming a pornographic society. Over the course of the last decade, explicitly sexual images have crept into advertising, marketing, and virtually every niche of American life. This ambient pornography is now almost everywhere, from the local shopping mall to prime-time television.

By some estimations, the production and sale of explicit pornography now represents the seventh-largest industry in America….

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Health & Medicine, Men, Pornography, Psychology, Theology

(WSJ) Senate Leaders Are in Striking Distance of a Deal

Top Senate leaders on Monday said they were within striking distance of a deal to sidestep a looming debt crisis and reopen the federal government two weeks after a partisan deadlock forced it to close.

Fourteen days after a partial government shutdown began, senators signaled a bipartisan resolution could come soon.

“I’m very optimistic we will reach an agreement that’s reasonable in nature this week to reopen the government, pay the nation’s bills and begin long-term negotiations to put our country on sound fiscal footing,” Senate Majority Leader Harry Reid (D., Nev.) said on the Senate floor.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Budget, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Globalization, House of Representatives, Medicaid, Medicare, Office of the President, Politics in General, President Barack Obama, Senate, Social Security, The Banking System/Sector, The National Deficit, The U.S. Government, Theology

([London] Times) Research shows Bank overdraft costs can exceed those of payday loans

Using an overdraft at a high street bank can cost more than taking out a payday loan, research has shown.

Which?, the consumer group which conducted the study, said that the mainstream credit industry was in as much need of regulation as the much-criticised fringe players.

The research shows authorised overdrafts with a leading bank can be as costly as a payday loan with companies such as Wonga. For example, borrowing £100 for 31 days will cost £30 with a Halifax authorised overdraft or £20 with some Santander accounts.

Read it all (subscription required).

Posted in * Anglican - Episcopal, * Economics, Politics, * International News & Commentary, --Justin Welby, Archbishop of Canterbury, Consumer/consumer spending, Economy, England / UK, Ethics / Moral Theology, Personal Finance, The Banking System/Sector, Theology