…it is still foolish to ignore the leverage that the individual mandate gives opponents of Obamacare. America’s healthcare system for the elderly (Medicare, plus Medicaid for nursing-home care) is already edging the country toward generational war because Washington will sooner or later be forced to choose between drastic limitations on coverage in those programs or drastic increases in taxes on the decreasing portion of working Americans. Now we’re adding a parallel obligation on younger workers to subsidize healthcare for fiftysomethings.

What to do? The path of least political resistance is to tough it out, hoping younger households will be unable to figure out what’s happening, or simply unwilling to throw in their lot with opponents of gay marriage, marijuana reform and the like. Alternatively, we could start paying attention to the building crisis as younger households scramble ever harder for a middle-class living standard.

And none too soon, because the signs of generational conflict are already appearing.

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When the Archbishop of Canterbury was embarrassed by the revelation earlier this year that the Church had invested indirectly in Wonga ”“ after he had announced plans to take on the payday lender ”“ it served as a bleak reminder that even the best-intentioned investor can be let down by their so-called ethical investments.

If you are looking to put your spare cash to good use by investing “ethically”, be warned that you could face similar nasty surprises unless you keep a keen eye on the investment criteria. A close examination of the ethical fund sector shows investments in some unexpected areas. They include oil companies operating in tar sand fields, deemed harmful by some environmentalists; arms manufacturers; and businesses that have exposure to fur and animal testing.

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What started as a mad dash to strike a deal to lift the federal debt limit slowed to a crawl over the weekend as stalemated Senate leaders waited nervously to see whether financial markets would plunge Monday morning and drive the other side toward compromise.

Republicans seemed to think they had more to lose. After talks broke down between President Obama and House leaders, GOP senators quickly cobbled together a plan to end the government shutdown ”” now entering its third week ”” and raise the $16.7 trillion debt limit. Senate Minority Leader Mitch McConnell (R-Ky.) then asked Majority Leader Harry M. Reid (D-Nev.) to elevate negotiations to the highest level.

On Sunday ”” with the Treasury Department due to exhaust its borrowing power in just four days ”” Reid was wielding that leverage to maximum advantage. Rather than making concessions that would undermine Obama’s signature health-care initiative, as Republicans first demanded, Democrats are now on the offensive and seeking to undo what has become a cherished prize for the GOP: deep agency spending cuts known as the sequester.

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Virtually all countries still embrace the principles of international trade and investment. They want to enjoy the benefits of globalisation, but as much as possible they now also want to insulate themselves from its downsides, be they volatile capital flows or surging imports.

Globalisation has clearly paused. A simple measure of trade intensity, world exports as a share of world GDP, rose steadily from 1986 to 2008 but has been flat since. Global capital flows, which in 2007 topped $11 trillion, amounted to barely a third of that figure last year. Cross-border direct investment is also well down on its 2007 peak.

Much of this is cyclical. The recent crises and recessions in the rich world have subdued the animal spirits that drive international investment. But much of it is a matter of deliberate policy.

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Asthma ”” the most common chronic disease that affects Americans of all ages, about 40 million people ”” can usually be well controlled with drugs. But being able to afford prescription medications in the United States often requires top-notch insurance or plenty of disposable income, and time to hunt for deals and bargains.

The arsenal of medicines in the Hayeses’ kitchen helps explain why. Pulmicort, a steroid inhaler, generally retails for over $175 in the United States, while pharmacists in Britain buy the identical product for about $20 and dispense it free of charge to asthma patients. Albuterol, one of the oldest asthma medicines, typically costs $50 to $100 per inhaler in the United States, but it was less than $15 a decade ago, before it was repatented.

“The one that really blew my mind was the nasal spray,” said Robin Levi, Hannah and Abby’s mother, referring to her $80 co-payment for Rhinocort Aqua, a prescription drug that was selling for more than $250 a month in Oakland pharmacies last year but costs under $7 in Europe, where it is available over the counter.

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Rising industrialization and urbanization in the late-nineteenth and early-twentieth centuries helped push the graveyard out of town, and these shifts coincided with the rise of a new reserve, in which displays of strong emotion, such as grief, were unseemly.

But during the 1950s, the landscape changed. In 1955, Geoffrey Gorer’s fascinating essay “The Pornography of Death,” argued that proscriptions around death had replaced the Victorian taboo against sex. In 1959, psychologist Herman Feifel came out with The Meaning of Death, a collection of essays often credited with singlehandedly establishing death, dying, and bereavement as legitimate areas for study. Yet neither Feifel nor Gorer made their way to American dinner tables. It was [Jessica] Mitford who got ordinary people talking. The American Way of Death made its way into soap operas, newspaper cartoons, and even the cover of Good Housekeeping. (An extract appeared in a 1964 issue alongside such articles as “Coming, a New Kind of Refrigerator” and “How Well Can Carpets Take It?”) Her take-charge, do-it-yourself message helped liberate Americans from the rigid rules and roles they were eager to cast off, as they were beginning to do in so many other areas of life.

That doesn’t mean The American Way of Death encouraged Americans to rethink their cultural relationship with death, exactly. The book is a narrowly conceived exposé, a screed against expensive funerals and the men who sell them, not an analysis of how or why funerals got that way. It’s interesting to contrast Mitford’s book with the seminal death texts of the past, such as the two in the fifteenth century that were both called The Art of Dying, or the Tibetan and Egyptian books of the dead. Those works helped individuals prepare for death by prescribing a series of attitudes and rituals designed to ensure a good death and a better afterlife. Such rituals helped people grapple with death’s great challenge to the self; they made death mean. By contrast, Mitford’s book is a Consumer Reports of death. Instead of prayers and meditations, she offers tips on the best way to get a cheap casket (just keep asking the salesman; it’s often out in the garage).

The Senate’s top two leaders have asserted control over budget negotiations with the White House for a deal to reopen the federal government and avoid a default on the nation’s debt.

Senate Majority Leader Harry Reid, D-Nev., and Senate Minority Leader Mitch McConnell, R-Ky., met Saturday morning with Sen. Lamar Alexander, R-Tenn., and Sen. Charles Schumer, D-N.Y., to begin preliminary discussions.

“I hope that our talking is some solace to the American people and to the world,” Reid said. “This should be seen as something very positive, even though we don’t have anything done yet.”

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The global financial crisis has strengthened the Church of England’s drive for more ethical business practices by making companies and shareholders more receptive to change, according to the man who manages its investment fund.

With about 5.5 billion pounds ($8.8 billion) of financial and property assets, the Church has greater clout than many hedge funds. But it has often struggled to make its voice heard.

That is starting to change, according to First Church Estates Commissioner Andreas Whittam Smith.

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A jury found a Manhattan psychic guilty on Friday of swindling two women out of $138,000 in a case that probed the fine distinction between providing an unusual service and running a confidence scheme.

The fortune teller, Sylvia Mitchell, 39, who plied her trade at the opulent Zena Clairvoyant psychic shop on Seventh Avenue South in Greenwich Village, scowled as the verdict was read, reaching up only once to dab an eye.

After the verdict, Justice Gregory Carro of Manhattan Supreme Court said he considered Ms. Mitchell, who lives with her two teenage children in Connecticut, a flight risk and ordered her held in jail. She faces up to 15 years in prison when she is sentenced on Oct. 29.

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In certain parts of America, the word fiancé does not mean what it used to. I first became aware of this when I was reporting a story in a small town in Wisconsin a couple of years ago and “Bug” Smith, a 50-year-old man who worked as a machinist introduced me to his “fiancée.” I was about to say “Congratulations!” but something stopped me. Their union did not have the air of expectant change about it. From their domestic surroundings, it looked like they lived basically as a married couple already, his boots next to hers by the front door, pictures of kids above the mantel. I later found out they’d been living together for 15 years and had two children.

ince then I have come across this phenomenon dozens of times, almost always in working-class couples, and usually younger ones. Someone will introduce me to his or her fiancé. But what they mean is more like my “steady lady” or my “steady man.” It could mean the person they are living with, or the father or mother of their child. It could also just mean the person they’ve been dating for a long time….

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The statewide Catholic Diocese of Charleston broke ground Thursday on a three-building campus in West Ashley that will become the new center of its administrative and pastoral work.

The $17.5 million center at a quiet end of Orange Grove Road will include a 175-seat chapel, a three-story office building and a high-tech conference center. The conference center will include teleconferencing abilities and be able to accommodate nearly 200 people for meetings and retreats.

The Pastoral Center is scheduled to open around Christmas 2014.

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The newly constructed St. Jude’s Anglican Cathedral in Iqaluit, Nunavut, may close its doors unless funds are raised to pay the balance of its construction debt, according to the diocese of the Arctic.

The diocese has paid more than $7.5 million toward the cost of constructing the cathedral, but still owes the construction giant, Dowland Contracting Ltd., about $3 million.

The diocese had been paying this debt as funds were raised, based on an “informal arrangement worked out directly with the [company],” said its diocesan bishop, David Parsons. However, in May, Dowland Contracting Ltd. was put into receivership; it filed for bankruptcy protection in July.

The receiver, Alvaraz and Marsal Canada, Inc., is now asking the diocese for immediate payment of the $3 million debt, plus $30,000 per month in interest.

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….the Federal Disability Insurance Program…serves nearly 12 million people — up 20 percent in the last six years — and has a budget of $135 billion. That’s more than the government spent last year on the Department of Homeland Security, the Justice Department, and the Labor Department combined. It’s been called a “secret welfare system” with it’s own “disability industrial complex,” a system ravaged by waste and fraud. A lot of people want to know what’s going on. Especially Sen. Tom Coburn of Oklahoma.

Tom Coburn: Go read the statute. If there’s any job in the economy you can perform, you are not eligible for disability. That’s pretty clear. So, where’d all those disabled people come from?

The Social Security Administration, which runs the disability program says the explosive surge is due to aging baby boomers and the lingering effects of a bad economy. But Sen. Tom Coburn of Oklahoma, the ranking Republican on the Senate Subcommittee for Investigations — who’s also a physician — says it’s more complicated than that. Last year, his staff randomly selected hundreds of disability files and found that 25 percent of them should never have been approved — another 20 percent, he said, were highly questionable.

Read it all or better still watch the video.

Only 13% of employees worldwide are engaged at work, according to Gallup’s new 142-country study on the State of the Global Workplace. In other words, about one in eight workers — roughly 180 million employees in the countries studied — are psychologically committed to their jobs and likely to be making positive contributions to their organizations.

The bulk of employees worldwide — 63% — are “not engaged,” meaning they lack motivation and are less likely to invest discretionary effort in organizational goals or outcomes. And 24% are “actively disengaged,” indicating they are unhappy and unproductive at work and liable to spread negativity to coworkers. In rough numbers, this translates into 900 million not engaged and 340 million actively disengaged workers around the globe.

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A proposal from Sen. Susan Collins is emerging as one potential way to dig lawmakers out of a government shutdown and possibly also avoid a potentially catastrophic debt default.

The moderate Maine Republican, whose vote will be essential to any fiscal deal, is circulating a rough plan to reopen the government, repeal the medical device tax and provide agencies with greater flexibility in implementing the sequester. The initial reception has been positive and may be the beginnings of a bipartisan solution to end the intractable impasse between House Republicans and Senate Democrats.

Collins said Sens. Kelly Ayotte (R-N.H.) and Lisa Murkowski (R-Alaska), who are also being watched as potential GOP votes to end the fiscal standoff, have signed onto the proposal. And Collins said she has spoken to “several Democrats” about her plan, which she hopes “at least provides concepts that could be the basis for us reopening government.”

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As the government shutdown enters its second week, some religious groups are starting to feel the pinch, and they’re also finding ways to reach out.

More than 90 Catholic, evangelical and Protestant leaders have signed a statement rebuking “pro-life” lawmakers for the shutdown, saying they are “appalled that elected officials are pursuing an extreme ideological agenda at the expense of the working poor and vulnerable families” who won’t receive government benefits.

Starting Wednesday, evangelical, Catholic and mainline Protestant leaders will hold a daily “Faithful Filibuster” on Capitol Hill with Bible verses on the poor “to remind Congress that its dysfunction hurts struggling families and low-income people.”

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The 2012 office and working costs of bishops in the Church of England are published today. Figures for individual bishops were first published, for the year 2000, in December 2001.

The costs of their offices and the work of the bishops for 2012 was £20.0 million compared to a cost of £19.5 million in 2011, an annual increase of 2.5%.

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It is the first time that a royal christening has been marked with coins.

The Duke and Duchess of Cambridge’s son will be christened on 23 October, just over three months after his birth.

The Archbishop of Canterbury, the Most Reverend Justin Welby, will perform the christening at the Chapel Royal at St James’s Palace.

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The Commonwealth Bank has frozen several of the Bathurst Anglican diocese’s accounts as it moves to recover as much of the $36 million debt owed as possible.

The sale of the Orange Anglican Grammar School and the Macquarie Anglican Grammar School in Dubbo, finalised last Monday, “crystallised” the amount of debt hanging over the head of the troubled diocese, according to Bishop Ian Palmer, but has left it in a “very difficult place”.

“I am unable to see clearly what the diocese may look like in the future,” Bishop Palmer said in a letter read out to parishes across the diocese.

“[The debt] is large and we cannot repay the bank in full.”

Read it all and the diocesan website is there.

Stephen Fendler, president of CM Almy, shows off a rack of samples from his brand-new women’s collection, pointing out a piece he’s particularly proud of: a black blouse in a stretchy jersey knit.

But Mr. Fendler’s collections won’t be seen on the runways anytime soon. CM Almy says it is the largest, and one of the oldest, American producers of clerical clothing, and its models are hitting the pulpit instead of the catwalk. Their designers create garments for priests, ministers and bishops mainly within the Episcopal, Lutheran and Roman Catholic churches ”” from everyday plain shirts and white collars, to the more elaborate and colorful ceremonial chasubles.

“We have seasons, and items go in and out of style just like the fashion world,” Mr. Fendler said. But “our style changes are driven by evolutions in holy ceremonies. Nobody would call us the most fashion-forward company in the marketplace.”

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A senior Chinese official has warned that the “clock is ticking” to avoid a US default that could hurt China’s interests and the global economy.

China, the US’s largest creditor, is “naturally concerned about developments in the US fiscal cliff”, vice finance minister Zhu Guangyao said.

Washington must agree a deal to raise its borrowing limit by 17 October, or risk being unable to pay its bills.

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In the end, we have incentives for insurers not to compete, for customers not to care about price, and for insurers to drive up the cost of care. Not much of a marketplace, is it?

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ccording to Fidelity Investments, 2013 graduates who had borrowed had an average of $35,200 in college-related debt, so lots of millennials bring debt into their marriages. The average household headed by someone under 35 carried $89,500 in debt in 2010, including mortgage debt, the Federal Reserve’s Survey of Consumer Finances shows. (That’s up from $53,700 in 1989, measured in 2010 dollars.)

The first thing to do is have an open conversation with your spouse in which you both disclose all the skeletons in your financial closets. You should also make a plan for tackling that debt that makes clear whether each person will help pay down the other’s debt or if it’s the responsibility of the borrower alone. Before even getting married, you should also share credit reports with your spouse so you can work to improve your scores in advance of a major purchase, says Theresa Fette, CEO of Provident Trust Group in Las Vegas.

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The Archbishop of Canterbury has said that he was ”˜moved to tears’ to welcome recently-released Nigerian archbishop Ignatius Kattey and his wife, Mrs Beatrice Kattey, to Lambeth Palace yesterday.

The Most Revd Ignatius Kattey, who is Dean and Archbishop of the Niger Delta Province, and Mrs Kattey were kidnapped on 6 September near their residence in the southern city of Port Harcourt. Mrs Kattey was released a few hours later, but Archbishop Kattey was held for more than a week.

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The work that Shaun O’Connell does is required by law, yet now he’s sidelined by the government shutdown.

O’Connell reviews disability claims for the Social Security Administration in New York, checking that no one’s gaming the system, while ensuring people with legitimate medical problems are compensated properly.

Billions of dollars are at stake with this kind of work, yet O’Connell is considered a nonessential employee for purposes of the partial government shutdown.

“If you stick with the semantics of essential and nonessential, you could easily be offended,” says O’Connell, who has worked for Social Security for 20 years.

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Obamacare is not primarily an entitlement program. The entitlement component ”” the exchange subsidies ”” will involve about 2 percent of Americans during the first year. (Others will be added to Medicaid, which has been around since 1965.) About 20 million Americans will eventually get subsidized insurance ”” a check that goes not to the individual but to insurance companies. The remaining 170 million Americans will not experience Obama­care as a sugary treat but as a series of complex regulatory changes that may make their existing insurance more costly, less generous and less secure.

The main problem with Obamacare is not its addictive generosity; it is its poor, unsustainable design. Its finances depend on forcing large numbers of young and healthy people to buy insurance ”” yet it makes their insurance more costly and securing coverage less urgent. (Because you can get coverage during each year’s enrollment period at the same price whether you’re healthy or sick, the incentive to buy coverage when healthy is much diminished.)

Heavy insurance regulations will lead some employers to restructure their plans, dump employees into the public exchanges or make greater use of part-time workers. In order to meet a few worthy goals ”” helping the poor buy insurance and covering preexisting conditions ”” Obamacare seems destined to destabilize much of our current health system.

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The Episcopal bishop of Washington is inviting any couples who had to cancel their weddings on federal property due to the government shutdown to have their ceremonies in a garden at Washington National Cathedral.

Bishop Mariann Edgar Budde said Thursday that the Bishop’s Garden at the cathedral would be offered free of charge to any couples who wanted to hold wedding ceremonies outdoors.

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Whenever I criticize the Wild West ethics of the in vitro fertilization industry, I hear from heartbroken people who tell me they would do “anything” to have a baby. I sympathize with the heartache of childlessness. But the willingness of many to do””and of the IVF industrial complex to sell””anything leads to a “me first” sense of reproductive entitlement.

We already know that IVF is no longer limited to infertile married couples””with women in their sixties even using the technique to get pregnant. Now, the universal condition of having two biological parents is about to be shattered.

The United Kindom’s Human Fertilisation and Embryology Authority has approved the use of “three-parent IVF” by which eggs from two women are combined and fertilized, creating an embryo with two biological mothers and one father. The point (for now) is to allow parents with mitochondrial disease to have a biologically related child without passing on their condition.

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On the eve of a possible shutdown of the U.S. government, religious leaders denounced the political brinkmanship prevailing in Congress today.

“Shutting down the government will do real damage,” said Rev. David Beckmann, president of Bread for the World, speaking at a press conference today. “Risking our nation’s creditworthiness will do even more damage. Most clearly, the disruption and uncertainty will put the brakes on our economy.”

Unless our nation’s leaders come to an agreement on appropriations for the coming months, the U.S. government will close on Oct. 1, the start of the 2014 fiscal year. If no agreement is reached by Oct. 17 on increasing the debt limit, the country’s creditworthiness will be compromised.

Read it all and follow the link at the bottom to the letter to see the actual signatories.

The Internet of things and the technology ecosystem surrounding it are expected to be a $8.9 trillion market in 2020, according to IDC.

In a nutshell, the Internet of things is the product of sensors, technology and networking all coming together to allow buildings, infrastructure and other resources to swap information. Today, the Internet of things and machine-to-machine data falls under the big data umbrella with projects just beginning.

IDC said the installed base of things connected will be 212 billion by the end of 2020, including 30.1 billion connected autonomous things. Intelligent systems will be installed and collecting data by this point.

Read it all from ZDnet.