Category : Economy

Episcopal Diocese seeks demolition of Euclid Avenue church in Cleveland

Another historic Euclid Avenue church is facing demolition, now that a marketing effort by the Episcopal Diocese of Ohio appears to have netted a big buyer: the Cleveland Clinic.

The diocese recently applied for a demolition permit for the Church of the Transfiguration, a shuttered Gothic Revival building that occupies 0.83 acres on the northwest side of the Clinic’s main campus. The Cleveland Landmarks Commission, which exerts some control over significant buildings and historic districts in the city, expects to consider the demolition request at its Thursday meeting….

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, Corporations/Corporate Life, Economy, Episcopal Church (TEC), Health & Medicine, Housing/Real Estate Market, TEC Parishes, Urban/City Life and Issues

A WSJ article on today's Employment Report–Labor Recovery Leaves More Workers Behind

The long, slow recovery in the U.S. job market is leaving ever-more Americans on the sidelines””and complicating the calculus for Federal Reserve policy makers weighing when the economy can get by with less help.

Employers added 169,000 jobs in August, the Labor Department said Friday, a bit more than in July, and the unemployment rate fell to 7.3%, the best mark of the recovery.

But beneath such positive numbers lay evidence of a job market stuck in second gear. The government revised down its estimate for June and July hiring by a combined 74,000 jobs, and a disproportionate share of the jobs that are being added are in low-paying sectors such as restaurants and retail.

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

(WSJ) Robert George–Would Bombing Syria Be a 'Just War'?

Of all her academic heresies, however, none was more upsetting to [Jean Bethke] Elshtain’s colleagues than her support for aggressive military action against terrorist organizations and, a decade ago, her defense of the war in Iraq. Having written about the politics and morality of war since the beginning of her career in the 1970s, Elshtain insisted that America’s conflict with al Qaeda was not a matter of international law enforcement, as some insisted. It was a war.

Terrorists, and states that support them, are not merely engaged in criminal activities; they are our enemies””in the same way that Nazi Germany and imperial Japan were our enemies in World War II. As she wrote in her 2003 book, “Just War Against Terror: The Burden of American Power in a Violent World”: “With our great power comes an even greater responsibility. One of our ongoing responsibilities is to respond to the cries of the aggrieved. Victims of genocide, for example, have a reasonable expectation that powerful nations devoted to human rights will attempt to stay the hand of the murderers.”

That did not mean that force is always justified or that no rules apply. Elshtain was a believer in, and a leading interpreter of, the tradition known as “just war theory.” This tradition does not propose pacifism””the view that the use of force is inherently unjustifiable. On the contrary, just-war theory says that in the face of unjust aggression, nations sometimes have a duty to use military force. They are also obligated to fight with all legitimate means to win””to defeat the enemy and halt its aggression.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Defense, National Security, Military, Economy, Ethics / Moral Theology, Middle East, Politics in General, Syria, Terrorism, The U.S. Government, Theology, Violence

(WSJ) Long-Term Jobless Left Out of the Recovery

For those left behind by the long, slow economic recovery, time is running out.

More than four years after the recession officially ended, 11.5 million Americans are unemployed, many of them for years. Millions more have abandoned their job searches, hiding from the economic storm in school or turning to government programs for support. A growing body of economic research suggests that the longer they remain on the sidelines, the less likely they will be to work again; for many, it may already be too late.

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

(Politico) President Obama could lose big on Syria in House

If the House voted today on a resolution to attack Syria, President Barack Obama would lose ”” and lose big.

That’s the private assessment of House Republican and Democratic lawmakers and aides who are closely involved in the process.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Economy, Foreign Relations, House of Representatives, Middle East, Office of the President, Politics in General, President Barack Obama, Syria, Violence

A Bed and Breakfast destroyed by Hurricane Katrina reopening eight years Later

When Hurricane Katrina destroyed Nikki Moon’s Bay Town Inn bed and breakfast resort in Bay St. Louis, she knew she’d return to Old Town some day.

Eight years later, the resort is back with more amenities and a unique space.

“I knew in my heart that I wanted to do it again,” Moon said. “I just had to wait for the timing to be right.”

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * General Interest, Corporations/Corporate Life, Economy, Hurricane Katrina, Natural Disasters: Earthquakes, Tornadoes, Hurricanes, etc., Urban/City Life and Issues

(FT) Federal Trade Commission targets ”˜internet of things’ amid privacy fears

The US Federal Trade Commission has sanctioned a home video monitoring company for privacy violations, indicating the US regulator plans to closely evaluate the security promises of the growing number of internet-connected consumer devices now flooding the market.

This is the FTC’s first action taken against a product from the so-called “internet of things”, which includes a range of new, popular gadgets, from Samsung’s wearable “smartwatch” to Google Glass to baby monitors linked to mobile devices.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Economy, Ethics / Moral Theology, Law & Legal Issues, Personal Finance, Science & Technology, The U.S. Government, Theology

The Senate Foreign Relations Committee votes to authorize Pres. Obama to use limited force in Syria

The Senate resolution would limit hostilities to 60 or 90 days, narrow the conflict to Syria’s borders and prohibit U.S. troops on Syrian soil. McCain’s amendments didn’t change that scope, but made clear that the end goal should be “a negotiated settlement that ends the conflict and leads to a democratic government in Syria.”

The vote was 10-7. Five Republicans and two Democrats voted against it.

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Posted in * Economics, Politics, * International News & Commentary, Budget, Defense, National Security, Military, Economy, Ethics / Moral Theology, Foreign Relations, Middle East, Office of the President, Politics in General, President Barack Obama, Senate, Syria, The U.S. Government, Theology

(AP) World Economic Forum sees US rise in global competitiveness, but Europeans still top list

The United States’ competitiveness among global economies is rising again after four years of decline, though northern European countries continue to dominate the rankings published annually by the World Economic Forum.

In its latest survey, released Wednesday, the Forum ranked the U.S. ”” the world’s largest economy ”” in fifth place for overall competitiveness, up from seventh last year. The U.S. turnaround reflects “a perceived improvement in the country’s financial market as well as greater confidence in its public institutions,” the report concluded….

Six European countries dominated the top 10: Switzerland, Finland, Germany, Sweden, the Netherlands, and the United Kingdom. The remaining three slots were Asian: Singapore, Hong Kong and Japan.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Canada, Economy, Education, England / UK, Europe, Globalization, Science & Technology

(Reuters) Loan firm Wonga's CEO dismisses Justin Welby's criticism as profit jumps

Archbishop of Canterbury Justin Welby said in July that Wonga took advantage of poor households struggling to get by in austerity conditions, and pledged to drive the “morally wrong” company out of existence by launching the church’s own not-for-profit credit unions as an alternative for Wonga’s customers.

On Tuesday Errol Damelin, chief executive and founder of Wonga, described the challenge as “complimentary” and said he doubted it would have an impact on Wonga’s business.

“In the UK on the consumer side, we reject about two thirds of applicants we get. The market that the Church would be looking at, we think, is mostly the market for people who don’t get accepted for Wonga loans,” Damelin said.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, --Justin Welby, Anglican Provinces, Anthropology, Archbishop of Canterbury, Church of England (CoE), Corporations/Corporate Life, Economy, England / UK, Ethics / Moral Theology, Personal Finance, Religion & Culture, Theology

(Washington Post) For workers and the economy, autumn could be scary

“Unfortunately, we seem to be entering another of those periods of elevated risk,” economists at Bank of America Merrill Lynch wrote last week. Researchers at RBC Capital Markets sounded even more bleak. “Just when you thought the U.S. economy was ready to break out of its lackluster 2 percent growth pace that has dominated the recovery,” they wrote, “reality hits.”

More economic turbulence would be particularly tough for poor and middle-class American workers, who are still struggling amid the historically weak growth following the recession. The typical worker’s income has fallen since the recession ended more than four years ago, and the economy, still far from full employment, is creating far more low-paying jobs than good-paying ones. Polls show that workers remain discouraged by the economic picture, with more than half believing the United States is still in recession.

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Posted in * Economics, Politics, Anthropology, Budget, Corporations/Corporate Life, Economy, Ethics / Moral Theology, House of Representatives, Labor/Labor Unions/Labor Market, Office of the President, Personal Finance, Politics in General, President Barack Obama, Senate, Taxes, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The National Deficit, The U.S. Government, Theology

Diocese of Sydney's Landmark Darling Point mansion on the market for $25 million

Ever wanted to live in a landmark gothic mansion? Now’s your chance … if you have a spare $25 million.

Home to seven Anglican archbishops over more than a century, one of the city’s largest private estates – it’s a nifty 6216sq m – is up for grabs.

The historic Bishopscourt at 11 Greenoaks Ave, Darling Point, would be a nice piece of business for the Anglican Church Diocese of Sydney, which paid just 6750 pounds for the propery in 1910.

After decades of speculation both inside and outside the church, the Synod of the Anglican Diocese finally authorised the sale in 2012 with a five-year “sale window” option.

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Economics, Politics, Anglican Church of Australia, Anglican Provinces, Economy, Housing/Real Estate Market, Parish Ministry, Stewardship

A Prayer for Labor Day (V)

O Almighty God and Heavenly Father, who by thy divine providence has appointed for each of us our work in life, and hast commanded us that we should not be slothful in business, but fervent in spirit, serving thee; help us always to remember that our work is thy appointment, and to do it heartily as unto thee. Preserve us from slothfulness, and make us to live with loins girded and lamps burning, that whensoever our Lord may come, we may be found striving earnestly to finish the work that thou hast given us to do; through the same Jesus Christ our Saviour.

Posted in * Christian Life / Church Life, * Economics, Politics, Economy, Labor/Labor Unions/Labor Market, Spirituality/Prayer

An Important Look Back–Franklin Delano Roosevelt's 1941 Labor Day Radio Address

On this day””this American holiday- we are celebrating the rights of free laboring men and women.

The preservation of these rights is vitally important now, not only to us who enjoy them””but to the whole future of Christian civilization.

American labor now bears a tremendous responsibility in the winning of this most brutal, most terrible of all wars.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Defense, National Security, Military, Economy, History, Labor/Labor Unions/Labor Market, Office of the President, Politics in General

The Current Numbers for Unemployment and Underemployment in America–Looking again at U-6

The U6 unemployment rate tabulates not only people without work who are seeking full-time employment but also counts “marginally attached workers and those working part-time for economic reasons.”

Please take the time to study this graph of U-6 at the top and look carefully at the other numbers. What do you see? Seasonally adjusted U-6 unemployment is now
(as of July, we get our first read of August 2013’s numbers this Friday) 14.0%. This is not very different from where it was in January 2009, which is roughly 4 and one half years ago. While the overall trend is coming down from the high of 17.1%, the movement of the trend is (a) very slow and (b) already back up from March of this year.

Some good news then–at least we are moving the right direction. But bad news–to get back even to 2007 levels [in the 8% range] there is a LONG, LONG way to go!

Those of you who are data hounds (like yours truly) will appreciate the table here.

On Labor Day 2013 as Christians these figures should trouble us profoundly, as to desire work and not have it is one of the truly dehumanizing realities of life in the start of the 21st century–KSH.

Posted in * By Kendall, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, The U.S. Government, Theology

A Labor Day Reflection on Saint Joseph the Worker

ZENIT spoke with Father Tarcisio Giuseppe Stramare of the Congregation of Oblates of Saint Joseph, director of the Josephite Movement, about Tuesday’s feast of St. Joseph the Worker….

ZENIT: What does “Gospel of work” mean?

Father Stramare: “Gospel” is the Good News that refers to Jesus, the Savior of humanity. Well, despite the fact that in general we see Jesus as someone who teaches and does miracles, he was so identified with work that in his time he was regarded as “the son of the carpenter,” namely, an artisan himself. Among many possible activities, the Wisdom of God chose for Jesus manual work, entrusted the education of his Son not to the school of the learned but to a humble artisan, namely, St. Joseph.

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Posted in * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Economy, Labor/Labor Unions/Labor Market, Other Churches, Religion & Culture, Roman Catholic

A Prayer for Labor Day (III)

O God, who hast taught us that none should be idle: Grant to all the people of this land both the desire and the opportunity to labour; that, working together with one heart and mind, they may set forward the welfare of mankind, and glorify thy holy name; through Jesus Christ our Lord.

Posted in * Christian Life / Church Life, * Economics, Politics, Economy, Labor/Labor Unions/Labor Market, Spirituality/Prayer

(Washington Post Wonkblog) Some Data for Readers–Happy Labor Day 2013, in eight charts!

Today is Labor Day, an occasion often marked by beach trips and barbecues. While that’s all well and good, we here at Wonkblog would be remiss if we let the long weekend go by without a few good charts that show what it means to be a worker in America today and how that has changed over the years.

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Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Apologetics, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Theology

A Kendall Harmon Sermon for Labor Day–Thinking about work from a Christian perspective

Listen to it all if you so desire (give the audio approximately 30 seconds at the beginning to right itself [wait until the prayer is concluded and then about a five count beyond, after “Hello”).

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Economics, Politics, * South Carolina, Anthropology, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Ministry of the Ordained, Parish Ministry, Preaching / Homiletics, Theology

A Prayer for Labor Day (II)

On this three day weekend, when we rest from our usual labors, loving Father, we pray for all who shoulder the tasks of human labor””in the marketplace, in factories and offices, in the professions, and in family living.

We thank you, Lord, for the gift and opportunity of work; may our efforts always be pure of heart, for the good of others and the glory of your name.

We lift up to you all who long for just employment and those who work to defend the rights and needs of workers everywhere.

May those of us who are now retired always remember that we still make a valuable contribution to our Church and our world by our prayers and deeds of charity.

May our working and our resting all give praise to you until the day we share together in eternal rest with all our departed in your Kingdom as you live and reign Father, Son, and Holy Spirit, one God, forever and ever. Amen.

–Archdiocese of Detroit

Posted in * Christian Life / Church Life, * Economics, Politics, Economy, Labor/Labor Unions/Labor Market, Spirituality/Prayer

(Washington Post) Robert Samuelson–Why on Labor Day 2013 Workers are Right to be Scared

Now comes the third labor regime: a confusing mix of old and new. The private safety net is shredding, though the public safety net (unemployment insurance, Social Security, anti-poverty programs, anti-discrimination laws) remains. Economist Fishback suggests we may be drifting back toward “unfettered labor markets” with greater personal instability, insecurity ”” and responsibility. Workers are often referred to as “free agents.” An article in the Harvard Business Review argues that lifetime employment at one company is dead and proposes the following compact: Companies invest in workers’ skills to make them more employable when they inevitably leave; workers reciprocate by devoting those skills to improving corporate profitability.

“The new compact isn’t about being nice,” the article says. “It’s based on an understanding that a company is its talent, that low performers will be cut, and that the way to attract talent is to offer appealing opportunities.”

Workers can’t be too picky, because their power has eroded. Another indicator: After years of stability, labor’s share ”” in wages and fringes ”” of non-farm business income slipped from 63 percent in 2000 to 57 percent in 2013, reports the White House Council of Economic Advisers. But an even greater decline in 22 other advanced countries, albeit over a longer period, suggests worldwide pressures on workers.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Globalization, History, Labor/Labor Unions/Labor Market, Law & Legal Issues, Politics in General, Science & Technology, Theology

A Prayer for Labor Day (I)

O Lord Jesus Christ, who in thy earthly life didst share man’s toil, and thereby hallow the labour of his hands: Prosper all those who maintain the industries of this land; and give them pride in their work, a just reward for their labour, and joy both in supplying the needs of others and in serving thee their Saviour; who with the Father and the Holy Spirit livest and reignest, ever one God, world without end. Amen.

Posted in * Christian Life / Church Life, * Economics, Politics, Economy, Labor/Labor Unions/Labor Market, Spirituality/Prayer

Some (Very Sobering) Statistics on the Current life of American Children

From Childstats.gov and cited in this morning’s sermon by yours truly:

Sixty-four percent of children ages 0”“17 lived with two married parents in 2012, down from 77 percent in 1980….

The percentage of all births to unmarried women rose from 18 percent of total births in 1980 to 33 percent in 1994. From 1994 to 2002, the percentage ranged from 32 to 34 percent. The percentage increased from 2002 through 2008 and remained stable at 41 percent through 2011.

Between 1980 and 2011, the proportion of births to unmarried women rose for women in all age groups. Among adolescents, the proportion was high throughout the period and rose from 62 to 95 percent for ages 15”“17 and from 40 to 86 percent for ages 18”“19. The proportion more than tripled for births to unmarried women in their twenties, rising from 19 to 64 percent for ages 20”“24 and from 9 to 34 percent for ages 25”“29. The proportion of births to unmarried women in their thirties more than doubled, from 8 to 21 percent.

In 2011, the poverty threshold for a two-parent, two-child family was $22,811.

Twenty-two percent of all children ages 0”“17 (16.1 million) lived in poverty in 2011, which was not statistically different from 2010 but higher than the 16 percent of all children in 2001.

The percentage of children living in families in extreme poverty rose to 10 percent in 1992, decreased to 7 percent in 1999, and was back at 10 percent in 2011.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Children, Economy, Marriage & Family, Poverty, The U.S. Government

(HBR Blog) There Really Is Such a Thing as the Protestant Work Ethic

The psychic harm from unemployment is about 40% worse for Protestants than for the general population, say André van Hoorn and Robbert Maseland of the University of Groningen in the Netherlands. Moreover, people living in Protestant societies are hurt more by being unemployed than people living in other societies….

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Posted in * Culture-Watch, * Economics, Politics, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Religion & Culture, Theology

(RNS) Religious diversity is increasing at the office, and so are pitfalls

The American workplace, like the rest of U.S. society, is becoming more religiously diverse and that is raising concerns about employer accommodations for believers ”” and increasing the odds for uncomfortable moments around the water cooler.

Yet one potential flashpoint among workers does not involve new immigrant faiths but rather two indigenous communities: white evangelicals and unaffiliated Americans who constitute one of the fastest-growing segments of the population.

A major factor contributing to workplace conflict, according to a survey released on Friday (Aug. 30), is that evangelicals ”” whose religious identity is tied to sharing their beliefs ”” are much more likely to talk about their faith at work than other religious and nonreligious groups.

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

Boeing picks a North Charleston, South Carolina, site for its new 737 MAX engine inlet plant

Boeing Co. has picked a site in North Charleston for a new factory that will design and make engine inlet components for the 737 MAX, its first major investment in the region not tied to the 787 jetliner.

The aerospace giant plans to build the previously announced propulsion design and assembly plant in Palmetto Commerce Park, between Ladson and Ashley Phosphate roads.

The 48-acre site is next door to Boeing’s two-year-old Interiors Responsibility Center, which makes bins, partitions and other parts for the 787 Dreamliner.

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Posted in * Culture-Watch, * Economics, Politics, * South Carolina, Corporations/Corporate Life, Economy, Labor/Labor Unions/Labor Market, Science & Technology, Travel

(RNS) Adon Taft–Labor Day and the unions’ forgotten religious roots

Union leaders have forgotten the religious roots of organized labor in this country. Terence Vincent Powderly, who led the Knights’ outreach across the nation, was a devout Catholic influenced by his Baptist lay preacher predecessor, Uriah Stephens. Powderly, a nonsmoking teetotaler, attributed the roots of the labor movement to Christianity.

Writing in 1893 on the history of the Labor Day observance ”” which had begun only the year before and wasn’t declared a national holiday until President Grover Cleveland acted in 1894 ”” Powderly recounted centuries of labor history:

“Trades-unionists, members of guilds, leagues and other organizations of workingmen embraced Christianity and proclaimed its doctrines as being especially advantageous to the welfare of the toiling poor,” he said.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Economy, History, Labor/Labor Unions/Labor Market, Religion & Culture

(Politico) White House peeved at Pentagon leaks regarding Syria

Many of the leaks about U.S. strike plans for Syria, a copious flow of surprisingly specific information on ship dispositions and possible targets, have been authorized as a way for President Obama to signal the limited scope of operations to friends and foes.

But a number of leaks have been decidedly unauthorized — and, according to Obama administration sources, likely emanating from a Pentagon bureaucracy less enthusiastic about the prospect of an attack than, say, the State Department, National Security Council or Obama himself.

“Deeply unhelpful,” was how one West Winger described the drip-drip of doubt.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Defense, National Security, Military, Economy, Ethics / Moral Theology, Foreign Relations, Media, Middle East, Office of the President, Politics in General, President Barack Obama, Syria, The U.S. Government, Theology

(NBC) One Minnesota Ad agency gives workers 500 paid hours to pursue their passions

“I think people were stunned more than anything else,” says Stuart D’Rozario, president and executive creative director at Minneapolis advertising agency Barrie, D’Rozario, Murphy.

Last spring, as the agency headed toward a cyclical lull in business, the agency partners gathered their employees and gave them something quite remarkable — time.

D’Rozario’s message to his workers: “You have 500 hours of your life back, figure out what you’re passionate about and go and do it.”

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Health & Medicine, Labor/Labor Unions/Labor Market, Psychology, Theology

(IBD) GE's New Battery Research Could Drive Electric Cars Farther

General Electric and Lawrence Berkeley National Laboratory are developing a new water-based battery that could provide an upgrade to electric cars like Tesla’s Model S and Nissan’s Leaf and even reduce their price tags.

The proposed battery uses water-based solutions of inorganic chemicals that would provide high-energy density and make energy discharge and recharge safer, GE said. A short video of the technology can be seen here.

“Our flow battery could be just one-fourth the price of car batteries on the market today, while enabling roughly three times the current driving range. The DOE wants a battery that can power a car for 240 miles; we think we can exceed that,” said GE’s Grigorii Soloveichik, the project leader, in a statement.

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Posted in * Culture-Watch, * Economics, Politics, Corporations/Corporate Life, Economy, Science & Technology, Travel