Category : Labor/Labor Unions/Labor Market

(Reuters) Exclusive: U.S. CEOs threaten to pull tacit Obamacare support over 'wellness' spat

Leading U.S. CEOs, angered by the Obama administration’s challenge to certain “workplace wellness” programs, are threatening to side with anti-Obamacare forces unless the government backs off, according to people familiar with the matter.

Major U.S. corporations have broadly supported President Barack Obama’s healthcare reform despite concerns over several of its elements, largely because it included provisions encouraging the wellness programs.

The programs aim to control healthcare costs by reducing smoking, obesity, hypertension and other risk factors that can lead to expensive illnesses. A bipartisan provision in the 2010 healthcare reform law allows employers to reward workers who participate and penalize those who don’t.

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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, Labor/Labor Unions/Labor Market, Politics in General, The U.S. Government, Theology

(PS) Education in the Second Machine Age

Artificial intelligence, once confined to the realm of science fiction, is changing our lives. Cars are driving themselves. Drones are being programmed to deliver packages. Computers are learning to diagnose diseases. In a recent book, the economists Erik Brynjolfsson and Andrew McAfee describe these recent advances as examples of the beginning of what they call “the second machine age.”

The very name ”“ the first machine age was the Industrial Revolution ”“ suggests an epochal shift. And, indeed, if the predictions are to be believed, these technological advances could have profound implications for the way we live.

One common forecast is that as ever-more advanced robots substitute workers, the cost of labor will become less important, and manufacturing will move back to rich countries. Another is that increasingly intelligent machines will reduce the demand for advanced skills, and that the economic advantage of having these skills will decline as a result.

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

(Chiesa) What Francis really thinks about Europe

A Europe weary with disorientation. And I don’t want to be a pessimist, but let’s tell the truth: after food, clothing, and medicine, what are the most important expenditures? Cosmetics, and I don’t know how to say this in Italian, but the “mascotas,” the little animals. They don’t have children, but their affection goes to the little cat, to the little dog. And this is the second expenditure after the three main ones. The third is the whole industry to promote sexual pleasure. So it’s food, medicine, clothing, cosmetics, little animals, and the life of pleasure. Our young people feel this, they see this, they live this.

I liked very much what His Eminence said, because this is truly the drama of Europe today. But it’s not the end. I believe that Europe has many resources for going forward. It’s like a sickness that Europe has today. A wound. And the greatest resource is the person of Jesus. Europe, return to Jesus! Return to that Jesus whom you have said was not in your roots! And this is the work of the pastors: to preach Jesus in the midst of these wounds. I have spoken of only a few, but there are tremendous wounds. To preach Jesus. And I ask you this: don’t be ashamed to proclaim Jesus Christ risen who has redeemed us all. And for us too that the Lord may not rebuke us, as today in the Gospel of Luke he rebuked these two cities.

The Lord wants to save us. I believe this. This is our mission: to proclaim Jesus Christ, without shame. And he is ready to open the doors of his heart, because he manifests his omnipotence above all in mercy and forgiveness. Let’s go forward with preaching. Let’s not be ashamed. So many ways of preaching, but to mama Europe – or grandma Europe, or wounded Europe – only Jesus Christ can speak a word of salvation today. Only he can open a door of escape.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, --European Sovereign Debt Crisis of 2010, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Europe, Labor/Labor Unions/Labor Market, Other Churches, Pastoral Theology, Pope Francis, Religion & Culture, Roman Catholic, Soteriology, Theology, Young Adults

(CT) Robert Sirico says for a just Society we must first understand what it means to be human

At this year’s Acton University conference, you spoke on how love is an indispensable basis for economic life. To some, that might seem odd if economic life is viewed as the maximization of utility and material well-being.

We can’t enter the marketplace as something other than what we really are, and real human love demonstrates the impossibility of being merely homo economicus (“the economic man”), which is essentially a thesis that reduces human beings to their materiality.

Humans are simultaneously material and transcendent, individual and social. We are not merely individual entities, though we are uniquely and unrepeatably that, even from the first moment of our conception. Yet the whole of our lives we are social and individual, material and spiritual. If we ignore this existential reality, then we fail to understand what it means to be human.

Love””authentic human love””helps us understand this anthropological reality. Even conjugal love offers more than physicality. In this act of love, we offer our whole selves, including our ideals, dreams, and indeed our future to one another””none of which exists in material reality. Love, especially in the biblical sense, is not merely what one wants for oneself, but is a free decision that wills the good of the person one loves. And this transcendent act, this non-material dimension of human anthropology””when open to new life””normatively results in other human persons who are made from the dust of the earth and the breath of life.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Psychology, Theology

Illinois Postal workers stay alert, save a child and get thanks for thwarting a predator

Every day all over America, postal workers complete their appointed rounds without much notice. But in one Midwest town, they turned into heroes.

Christy Perfetti has been delivering mail in East Peoria, Ill., for 23 years. Almost a decade along this same route.

For the most part, she says every day is like every other. Except for one day last year.

Perfetti was pulling into the post office parking lot when she saw an older man taking a young boy behind a shed. She had a gut instinct something was wrong.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Children, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Law & Legal Issues, Police/Fire, Sexuality, The U.S. Government, Theology

Good local article on One80 Place that trains homeless residents for restaurant work

One80 Place’s program isn’t unique: There are dozens of similar kitchen-based initiatives across the country, ranging from modest Culinary 101-type classes to full-fledged restaurants serving the public. But it’s especially appropriate for Charleston, where severe understaffing threatens to upend the local food-and-beverage economy.

The lurking downer is that the efficacy of such programs remains remarkably unclear. Scholars have scrutinized the causes of homelessness and the demographics of the U.S. homeless population, but whether job training leads to long-term employment remains largely unexplored. Even Catalyst Kitchens, a national network of organizations that “transform lives through foodservice job training and social enterprise,” couldn’t muster any evidence showing kitchen-centered training results in better outcomes than other interventions.

“We’re all sort of finding our way,” says Angela DuPree, One80 Place’s director of operations.

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Posted in * Culture-Watch, * Economics, Politics, * South Carolina, Corporations/Corporate Life, Dieting/Food/Nutrition, Economy, Labor/Labor Unions/Labor Market, Poverty

(Politico) Senate rejects Keystone Pipeline bill

Sen. Mary Landrieu’s bid to pass a Keystone XL pipeline bill fell short by the slimmest of margins Tuesday, leaving the $8 billion pipeline still on the table for the ascendant Republican Party to push the project to President Barack Obama’s desk in January.

The 59-41 Senate vote was just shy of the 60 votes needed to pass the bill, following a dramatic six days of whipping by the embattled Louisiana Democrat on an issue that almost all of Washington had expected to sit idle until next year.

The defeat deals a blow to Landrieu’s campaign ahead of her Dec. 6 runoff against GOP Rep. Bill Cassidy, whom polls show running comfortably ahead. Winning on Keystone would have helped her demonstrate her clout on the Hill as a champion of her state’s influential oil and gas industry.

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Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Canada, Corporations/Corporate Life, Economy, Energy, Natural Resources, Ethics / Moral Theology, Foreign Relations, Labor/Labor Unions/Labor Market, Politics in General, Senate, Theology

(FT) Technology groups in a war to dominate the world of work

The war between the giants of the technology industry for the attention of the world’s office workers look like it is about to take an unexpected turn.

Fundamental changes in the daily lives of millions of so-called “information workers” have already triggered a corresponding upheaval in the technology tools on which they rely. Staples such as email and Microsoft’s Office suite of products still hold sway, but they are increasingly being supplemented by services like group chat, internal social networks and shared online document editing.

Now, Facebook’s ambition to create a version of its social network for the office, first reported in the Financial Times this week, promises a new twist.

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

Diocese of Southwark adopts London Living Wage

The Anglican Diocese of Southwark has received accreditation from the Living Wage Foundation as a Living Wage employer.

This means that everyone who regularly works in the diocesan offices in Chapel Court off Borough High Street receives at least the London Living Wage of £9.15 per hour.

“The Diocese of Southwark is proud to join more than 1,000 employers nationwide who are determined to help people earn enough to provide their family with the essentials of life by paying the Living Wage, which more accurately reflects the real cost of living,” said diocesan secretary Simon Parton.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, Anglican Provinces, Church of England (CoE), Corporations/Corporate Life, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Religion & Culture, Theology

The Archbishop of York's Address at the CBI 2014 Growth For All Conference

The truth is we all lose out from the inequity of low pay. Billions of pounds are spent each year on topping up the incomes of low paid workers at a time when public finances are very tight. Demand is sucked out of the economy by the lack of spending power of a fifth of the workforce. And where inequality grows, we all become diminished. It makes us all poorer.

But amidst this darkness, some light has begun to shine through, and many of you are part of that light, as you have embraced the principle of paying a Living Wage. Over 1,000 employers ”“ from Local Councils, to small and large private businesses, are now accredited by the Living Wage Foundation. The number of Living Wage Employers in the FTSE 100 has risen from four to 18.

I would like to thank you, and the other organisations here that not only support work on the Living Wage but are also accredited themselves. You are leading the way for responsible employers.

The other good news we heard recently is that the Living Wage has now been increased by 2.6%, in line with the actual cost of living.

But there is still a long way to go….

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, Anglican Provinces, Archbishop of York John Sentamu, Church of England (CoE), Corporations/Corporate Life, Economy, England / UK, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Personal Finance, Politics in General, Religion & Culture, Theology

(Independent) 1/3 of UK jobs to be replaced by robots and computers in next 20 years

Advances in robotics and computing could wipe out as much as a third of all UK jobs over the next 20 years, a new report has claimed.

More than 10 million roles are likely to be replaced by automated systems, with repetitive, lower-paid jobs (those earning less than £30,000 a year) five times more likely to be made obsolete than higher-paid jobs.

Experts said the trends identified in the report were already well under way, with “high risk” jobs identified in “office and administrative support; sales and services; transportation; construction and extraction; and production.”

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Corporations/Corporate Life, Economy, England / UK, Labor/Labor Unions/Labor Market, Science & Technology

(AP) Health care volunteers grapple with Ebola quarantine mandates

Dr. Robert Fuller didn’t hesitate to go to Indonesia to treat survivors of the 2004 tsunami, to Haiti to help after the 2010 earthquake or to the Philippines after a devastating typhoon last year. But he’s given up on going to West Africa to care for Ebola patients this winter.

He could make the six-week commitment sought by his go-to aid organization, International Medical Corps. But the possibility of a three-week quarantine afterward adds more time than he can take away from his job heading UConn Health Center’s emergency department.

“I’m very sad that I can’t go, at this point,” said Fuller, who’s helping instead by interviewing other prospective volunteers. Nine weeks or more “gets to be a pretty long time to think about being away from your family and being away from your job.”

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

(PR FactTank) Looking Carefully at the Different stories from Yesterday's jobs Report

if we look at just the 25-to-54 age group, which strips out most students and retirees, the employment-to-population ratio has been slowly improving since it bottomed out at 74.6% (not seasonally adjusted) in February 2011. Last month, 77.3% of all 25-to-54-year-olds were employed, which is well below the indicator’s pre-recession high in October 2006, when 80.7% of people in this age group were employed.

Then again, not all employment is created equal, either. During the Great Recession, the ranks of people working part-time either because they couldn’t find full-time work or because their hours were cut back because of slack demand soared from around 3% of all employed people pre-recession to 6.6% in March 2010. There are fewer such involuntary part-timers now, but last month they still accounted for 4.8% of all employed people (and 2.7% of the entire adult civilian non-institutional population).

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Posted in * Economics, Politics, Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, The U.S. Government, Theology

(HBR) How Smart, Connected Products Are Transforming Competition

Smart, connected products offer exponentially expanding opportunities for new functionality, far greater reliability, much higher product utilization, and capabilities that cut across and transcend traditional product boundaries. The changing nature of products is also disrupting value chains, forcing companies to rethink and retool nearly everything they do internally.

These new types of products alter industry structure and the nature of competition, exposing companies to new competitive opportunities and threats. They are reshaping industry boundaries and creating entirely new industries. In many companies, smart, connected products will force the fundamental question, “What business am I in?”

Smart, connected products raise a new set of strategic choices related to how value is created and captured, how the prodigious amount of new (and sensitive) data they generate is utilized and managed, how relationships with traditional business partners such as channels are redefined, and what role companies should play as industry boundaries are expanded.

The phrase “internet of things” has arisen to reflect the growing number of smart, connected products and highlight the new opportunities they can represent. Yet this phrase is not very helpful in understanding the phenomenon or its implications. The internet, whether involving people or things, is simply a mechanism for transmitting information. What makes smart, connected products fundamentally different is not the internet, but the changing nature of the “things.”

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Globalization, Labor/Labor Unions/Labor Market, Science & Technology, Theology

(Bloomberg) Underemployment Worse Than U.S. Data Suggest

Federal Reserve policy makers are missing a key element as they assess the health of the labor market: data that includes whether those who are employed are overqualified for their job or would like to work more hours.

As a result, the “significant underutilization of labor resources” that Fed officials highlighted last month as they renewed a pledge to keep interest rates low for a “considerable period” is probably even more severe than currently estimated. And the information gap means policy makers may have more difficulty gauging the right moment to raise rates off zero.

“We have more slack than the official statistics suggest,” said Michelle Meyer, a senior U.S. economist at Bank of America Corp. in New York. “Because it’s difficult to measure underutilization, there’s still a lot of uncertainty as to how much slack remains, which means there’s uncertainty as to the appropriate stance of monetary policy.”

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Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., 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

(Brookings) Andrew Cherlin–The Best Family Planning Method: A Job

Births outside of marriage are increasing most among those without college degrees and in cohabiting couples ”“ as well as for those in their twenties, as Isabel Sawhill and Joanna Venator correctly note. This trend is driven as much by economic as social change, and so requires economic and well as social solutions.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Marriage & Family, Pastoral Theology, Personal Finance, Psychology, Theology, Young Adults

(Economist) Growth is healthy in America and Britain. But most of the world economy is in trouble

For the American and British economies it has been a long road out of the woods, but the journey is nearing its end. America’s unemployment rate fell below 6% in September. Britain’s economy, where output was up 3.2% in the year to June, is growing faster than any other big rich country’s. Central bankers are counting the days until they can raise interest rates.

Virtually everywhere else, however, the news is grim and getting grimmer. The euro zone, the world’s second-biggest economic area, seems to be falling from a feeble recovery back into outright recession as Germany hits the skids. Shockingly weak industrial production and export figures mean Germany’s GDP is likely to shrink for the second consecutive quarter””a popular definition of recession. Japan, the world’s third-biggest economy, may also be on the edge of a downturn, because April’s rise in the consumption tax is hurting spending more than expected. Russia’s and Brazil’s economies are stagnant, at best. Even in China, still growing at a suspiciously smooth 7.5% a year, there are worries about a property bust, a credit bubble and a fall in productivity

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Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Foreign Relations, Globalization, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Politics in General, The Banking System/Sector, Theology

(Telegraph) Archbishop Welby: young bankers must learn to pray

The leader of the Church of England has spoken of his plan for Britain’s “ambitious” young bankers to give up work for a year and join a “quasi-monastic community” so they can learn about ethics ahead of entering the City.

Archbishop of Canterbury Justin Welby has called on some of the UK’s brightest and most ambitious young bankers to quit work temporarily so they can pray and serve the poor.

He said he believed their natural ambition would encourage them to join his Godly community.

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, --Justin Welby, Anglican Provinces, Archbishop of Canterbury, Church of England (CoE), Economy, England / UK, Labor/Labor Unions/Labor Market, Religion & Culture, Spirituality/Prayer, The Banking System/Sector

(DallasNews) Health care worker at Presbyterian Hospital in Dallas tests positive for Ebola

A Texas Health Presbyterian Hospital health care worker in Dallas who had “extensive contact” with the first Ebola patient to die in the United States has contracted the disease.

The Centers for Disease Control and Prevention in Atlanta confirmed the news Sunday afternoon after an official test.

The infected person detected a fever Friday night and drove herself to the Presbyterian emergency room, where she was placed in isolation 90 minutes later. A blood sample sent to the state health lab in Austin confirmed Saturday night that she had Ebola ”” the first person to contract the disease in the United States.

The director for the Centers for Disease Control and Prevention said Sunday that the infection in the health care worker, who was not on the organization’s watch list for people who had contact with Ebola patient Thomas Eric Duncan, resulted from a “breach in protocol.”

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Health & Medicine, Labor/Labor Unions/Labor Market, Pastoral Theology, Theology

(Local paper) 2 international companies step up their presence in the South Carolina Lowcountry

Two major international companies put a huge stamp on the Lowcountry’s economy last week.

French high-voltage cablemaker Nexans officially opened an $85 million facility on the Cooper River in Berkeley County in Bushy Park Industrial Complex on Wednesday, while Japan-based Showa Denko Carbon on Friday celebrated a $300 million expansion of its 31-year-old factory near Ridgeville in Dorchester County.

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Posted in * Culture-Watch, * Economics, Politics, * South Carolina, Corporations/Corporate Life, Economy, Globalization, Labor/Labor Unions/Labor Market

Martin Feldstein in an Important interview on European weakness, the ECB, +the Federal Reserve

Watch it all.

Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Europe, European Central Bank, Federal Reserve, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, The Banking System/Sector, The U.S. Government, Theology

(Bloomberg) American Banks Stockpile Treasuries as Deposits Top Loans

American banks are loading up on U.S. government debt, a sign they remain cautious on the economy even with the jobless rate at a six-year low and corporations at their healthiest in a generation.

Commercial lenders increased their holdings of Treasuries (BUSY) and debt from federal agencies in September by $54 billion to an unprecedented $1.99 trillion, data from the Federal Reserve show. Banks have now been net buyers for 12 straight months.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Economy, Ethics / Moral Theology, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Psychology, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology

(Guardian) Archbishop Justin Welby to share a platform with IMF head and BofEngland chief

The theme of this week’s annual meetings of the International Monetary Fund and the World Bank is shared prosperity. In years gone by, the Washington consensus was all about opening up markets and cutting public spending. The new Washington consensus is the need to tackle inequality.

Everybody is getting in on the act. Justin Welby, the archbishop of Canterbury, will share a platform with Christine Lagarde, the head of the IMF, and Mark Carney, the governor of the Bank of England, next weekend to discuss how to make global capitalism more inclusive.

The World Economic Forum ”“ the body that organises the Davos shindig ”“ thinks it can go one better. It is angling to get the pope along for its annual meeting in January.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, --Justin Welby, Archbishop of Canterbury, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Globalization, Labor/Labor Unions/Labor Market, Personal Finance, Theology

(RNS) Following evangelicals, traditional R. Catholics create a health insurance alternative

If you are a Christian who doesn’t smoke, abstains from sex outside your heterosexual marriage and can get your priest to vouch that you go to church at least three times a month, you may qualify for a new Catholic alternative to health insurance.

Taking a cue from evangelicals, a group of traditionalist Catholics on Thursday (Oct. 2) unveiled a cost-sharing network that they say honors their values and ensures that they are not even indirectly supporting health care services such as abortion that contradict their beliefs.

Christ Medicus Foundation CURO, as the group is called, will be financially integrated with Samaritan Ministries International, which was launched in 1991 by an evangelical home-schooling dad. The SMI network now serves 125,000 people and is exempt from the Affordable Care Act.

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Posted in * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Evangelicals, Health & Medicine, Labor/Labor Unions/Labor Market, Other Churches, Religion & Culture, Roman Catholic, Theology

3 Jobs, a lot of Dreams, and the Fatal Consequences of a Dangerous Decision

She dreamed of the bustling streets of Los Angeles and the leafy towns of Pennsylvania. She dreamed of working two jobs, not three. She dreamed of sleeping, really sleeping, for six or seven hours at a stretch.

But dreams rarely pay the rent. So Ms. Fernandes worked three jobs, at three Dunkin’ Donuts stores in northern New Jersey, shuttling from Newark to Linden to Harrison and back. She often slept in her car ”” two hours here, three hours there ”” and usually kept the engine running, ready in an instant to start all over again.

The last day of her life was no different. She got off work at 6 a.m. on Monday, Aug. 25, and climbed into her 2001 Kia Sportage, officials from the Elizabeth Police Department said. She was dreaming again, this time about taking a break to celebrate a milestone with friends. But first, she told her boyfriend, Mr. Carter, during a brief cellphone conversation, she was going to take a nap.

Read the whole heart breaking tale.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Death / Burial / Funerals, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Parish Ministry, Psychology, Theology

(WSJ) U.S. Job Growth Rebounds in September

U.S. job growth rebounded in September and the jobless rate fell below 6% for the first time since mid-2008, suggesting the labor market is improving faster than previously thought.

Nonfarm payrolls grew a seasonally adjusted 248,000 last month, the fastest pace since June, the Labor Department said Friday.

Revisions showed stronger job growth in prior months than previously estimated. The economy added 180,000 jobs in August instead of the initially reported 142,000. It created 243,000 in July, up from an earlier estimate of 212,000.

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Posted in * Economics, Politics, Economy, Labor/Labor Unions/Labor Market, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

Rana Foroohar (Time) completely nails it on the struggling US economy: "very, very broken"

A little over three years ago, I wrote a column titled “The 2% Economy,” explaining how a recovery with only 2% GDP growth, no new middle-class jobs and stagnant wages wasn’t really a recovery after all. Like everyone, I hoped that once growth kicked up to about 3%, middle-class jobs and wages would finally revive.

But we’re now in a 3% economy, and I’m writing the same column. Only this time, the message is more disturbing. Growth is back. Unemployment is down. But only a fraction of the jobs lost during the Great Recession that pay more than $15 per hour have been found. And wage growth is still hovering near zero, where it’s been for the past decade. Something is very, very broken in our economy.

Read it all (my emphasis).

Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Federal Reserve, House of Representatives, Labor/Labor Unions/Labor Market, Office of the President, Politics in General, Senate, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government, Theology

(HBR) Where The fastest growth in U.S. employment will occur going forward

When the U.S. Bureau of Labor Statistics looks into its crystal ball, it sees an aging population in need of care and a construction industry still rebounding from the Great Recession. In the decade from 2012 to 2022, the fastest growth in U.S. employment will take place in the health care, health care support, construction, and personal care fields. These four categories are expected to account for more than a third””about 6.6 million””of all new jobs.

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

Local paper profiles Berkeley Electric CEO who also serves and sometimes preaches at his parish

In his spare time, he likes to hunt, fish, hike or camp. And some Sundays might find Cartwright in the pulpit. He occasionally serves as a fill-in pastor at Bonneau’s First Baptist Church, where he attends.

[Dwayne] Cartwright has not only a degree in history, but also religion. His father, Norman, is a pastor, and the younger Cartwright followed a calling to become ordained as well at age 22. In addition to a full-time job, he served as minister at Corinth Baptist Church in Salem, Mo., for 25 years.

“I enjoy helping people very much,” he said. “I am an encourager. It gets back to my gratification from seeing people succeed.”

Bonneau First Baptist Church Pastor Ken Owens called Cartwright a model citizen.

“He is a man of integrity with Christian principles,” Owens said. “On many occasions when I’m out of town on vacation or at conferences, he preaches for us and does a tremendous job. If he’s available, he will be there.”

Read it all.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * South Carolina, Corporations/Corporate Life, Economy, Labor/Labor Unions/Labor Market, Parish Ministry, Preaching / Homiletics, Religion & Culture

Boeing: Asia Pacific region leads global demand for pilots, technicians

Boeing Co. projects the Asia Pacific region’s demand for new commercial pilots and maintenance technicians over the next 20 years will be 39 percent of the global need for new airline personnel.

The Chicago-based airplane manufacturer’s Pilot and Technician Outlook, an industry forecast of aviation personnel demand, projects a requirement for 216,000 new commercial airline pilots and 224,000 new technicians in the Asia Pacific region through 2033, more demand than North America and Europe combined.

“The Asia Pacific region is seeing tremendous economic growth and is set to become the largest air travel market in the world,” said Bob Bellitto, a director at Boeing Flight Services. “That growth rate means booming career opportunities for those interested in becoming commercial airline pilots and maintenance technicians over the next two decades. These are strong, stable and challenging jobs in one of the most technologically advanced industries in the world.”

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * South Carolina, Asia, Corporations/Corporate Life, Economy, Globalization, Labor/Labor Unions/Labor Market