Category : Housing/Real Estate Market

(WSJ) Rob Moll–Gathering the Faithful, No Church Required–worshipers find other places to meet

The expansion of congregations suggests that the drop in religious affiliation is not as dramatic as it seems, and that a stealthy revival might even be coming. The growth may not yet offset disaffiliation, but it is part of the American religious pattern. Early colonists included the highly religious Puritans. But their children and grandchildren strayed, even forcing churches to loosen qualifications if they were to keep members.

In the century that followed, Methodists and Baptists began spreading Christianity largely through small groups, or “bands,” as the Methodists called them. They used nontraditional gathering places, including open fields, to bring their message to the masses. By 1850, 34% of Americans were church members, and by 1900 half were, according to Mr. Stark. By the early 1990s, nearly two-thirds of Americans were members of a congregation.

Fewer new churches these days are going up with drywall and spackling, but members are probably still stacking chairs and warming coffee on Sunday morning.

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Economy, Housing/Real Estate Market, Liturgy, Music, Worship, Parish Ministry, Religion & Culture

United Van Lines' Annual National Movers Study Shows South Carolina as #2 most moved into State

Oregon holds on to its title as “Top Moving Destination” and continues to pull away from the pack, while the Northeast loses residents for the third consecutive year.

Those are the key findings from United Van Lines’ 38th Annual National Movers Study, which tracks customers’ migration patterns state-to-state during the course of the past year. The study found that Oregon is the top moving destination of 2014, with 66 percent of moves to and from the state being inbound ”” that’s a nearly 5 percent increase of inbound moves compared to 2013. Arriving at No. 2 on the list was South Carolina (61 percent inbound), followed closely in third by its northern neighbor, North Carolina (61 percent).

The District of Columbia, which held the top spot on the inbound list from 2008 to 2012 and ranked fourth last year, fell to No. 7 this year with 57 percent inbound moves. New additions to the 2014 top inbound list include Vermont (59 percent), Oklahoma (57 percent) and Idaho (56 percent).

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * South Carolina, America/U.S.A., Children, Economy, Ethics / Moral Theology, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Marriage & Family, Sociology, Theology, Travel

(Washington Post) Robert Samuelson: Is the economic slog really over?

Hello, 2015.

We now are in the sixth year of economic recovery since the end of the “Great Recession” in mid-2009, says the National Bureau of Economic Research, a group of academic economists that dates business cycles. But, if upbeat economic forecasts come true, this could be the first year that feels like a recovery. There would be huge implications. It would soothe Americans’ bruised sense of self-worth and alter popular psychology for the 2016 elections.

It has been a slog. Below, you’ll find some economic indicators comparing where we are now with the peaks of the last economic expansion, which ended in the fourth quarter of 2007. Generally, the numbers aren’t impressive. At best, they show modest gains from those previous peaks.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Globalization, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Personal Finance, Theology

(Wonkblog) The boom is here: the economy just grew 5 percent, and it’s not going to stop

The economic recovery is real, and even though it’s not spectacular, it’s getting there.

The good news is that the economy grew at a 5 percent annual pace in the third quarter this year, revised up from the 3.9 percent that the Commerce Department had previously estimated. It’s the best quarterly growth since 2003, and, on the heels of the 4.6 percent growth in the second quarter, it’s also the best six months the economy has had in that long. The even better news, though, is that this growth, unlike every other uptick the past few years, looks sustainable.

This isn’t a blip. It’s a boom.

Well, at least by the sad standards of this slow and steady recovery. The truth is that for all the hype and headlines about every little head fake, the economy has just been chugging along at the same 2 percent pace the past few years.

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

(AP) Clemson University team works on an environmentally friendly home

Students and professors at Clemson University have designed a home where they say a family of four can live comfortably in the South using local materials and having almost no impact on the environment.

The home is called Indigo Pine, taking its name from two things South Carolina has in abundance: pine trees and the blue dye from the indigo plant.

More than 100 students and professors are helping design and build the home that the university will enter as part of the U.S. Department of Energy’s Solar Decathlon 2015. Sixteen other schools also are participating.

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Posted in * Culture-Watch, * Economics, Politics, * South Carolina, Economy, Education, Energy, Natural Resources, Ethics / Moral Theology, Housing/Real Estate Market, Science & Technology, Theology, Young Adults

(SCP) Hong Kong churches reap big profits from land redevelopments

The Methodist Church Hong Kong redeveloped another site in Wan Chai into a high-rise building in 1998 with New World Development, the builder controlled by the family of Cheng Yu-tung, according to the developer’s annual report. The church currently uses some of the floors, while the rest is leased out by New World.

The Anglican Church plans to build two towers of 18 floors and 11 floors as part of a redevelopment near Lan Kwai Fong. The land currently has historic buildings, including the 166-year-old bishop’s house and a church that was used by Japanese soldiers during the second world war as a training school.

In the deal reached and approved by the government in 2011, the Anglican Church will preserve the heritage buildings at its own cost. The two new towers will be used for facilities including a church, kindergarten and a medical centre, according to a June 2011 government document.

A representative of the church was unavailable for comment on the development.

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Economics, Politics, * International News & Commentary, Asia, China, Economy, Housing/Real Estate Market, Parish Ministry, Stewardship

(CBC) In Ontario, Anglican parishioners consider new options after church Buildings close

Anglican worshippers are saying good-bye to their churches in the Sudbury area.

Long-time St.James parishioner Lori Cameron says the congregation has dwindled to 25 and can’t afford to maintain the Paris Street building.

The last service will be held Dec. 7. After that, they have tentative plans to rent a storefront in a mall.

Another church, St. Mark’s in Garson, was just put on the market and the worshippers are now populating other congregations.

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, Anglican Church of Canada, Anglican Provinces, Canada, Economy, Housing/Real Estate Market, Parish Ministry, Religion & Culture, Stewardship

(WSJ) Malls fill vacant department stores with data centers

The Internet is moving to a shopping center near you.

In Fort Wayne, Ind., a vacated Target store is about to be home to rows of computer servers, network routers and Ethernet cables courtesy of a local data-center operator. In Jackson, Miss., a former McRae’s department store will get the same treatment next year. And one quadrant of the Marley Station Mall south of Baltimore is already occupied by a data-center company that last year offered to buy out the rest of the building.

As America’s retailers struggle to keep up with online shopping, the Internet is starting to settle into some of the very spaces where brick-and-mortar customers used to shop. The shift brings welcome tenants to some abandoned stretches of the suburban landscape, though it doesn’t replace all the jobs and sales-tax revenue that local communities lost when stores left the building.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Blogging & the Internet, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Housing/Real Estate Market, Science & Technology, Theology

(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

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

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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

([London] Times) Britain caught in a lost decade for pay

The “squeezed middle” is being forced to endure a lower standard of living more than a decade on from the credit crunch, keeping consumer spending growth below pre-crisis levels.

The EY Item Club predicts that real take-home pay in 2017 will still be below the rate in 2007 because of subdued wage growth.

The economic forecaster’s report will make for uneasy reading for George Osborne as he prepares to address the Conservative party conference today, and it is compounded by further evidence from a free market think-tank of the existence of a “cost of living crisis”.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Anthropology, Children, Consumer/consumer spending, Corporations/Corporate Life, Economy, England / UK, Ethics / Moral Theology, History, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Marriage & Family, Personal Finance, Politics in General, Theology

Kentucky churches being turned into mosques

The growing trend of former church buildings being turned into mosques and Islamic centers has reached Kentucky’s largest city where even some once-thriving Southern Baptist facilities are now occupied by Muslims.

“On a trip to England a few years ago, I recall seeing dozens of churches that had become mosques and wondering how it could happen there; now it’s happening here,” said Paul Chitwood, executive director of the Kentucky Baptist Convention.

Todd Robertson, pastor of Antioch Baptist Church in Louisville, said the religious makeup of the Bible Belt is rapidly changing with declining membership in many Christian congregations and growing participation in Islam and other religions.

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, America/U.S.A., Baptists, Economy, Housing/Real Estate Market, Islam, Other Churches, Other Faiths, Parish Ministry, Religion & Culture

(WSJ) The Federal Reserve Plots a Cautious Course on Interest Rate Rises

The Federal Reserve took two steps toward winding down the historic easy-money policies that have defined its response to the financial crisis, but stopped short of the move markets are awaiting most: signaling when interest rates will start to rise.

With the economy gradually improving, U.S. central-bank officials plan to end the bond-buying program known as quantitative easing after October, hoping to finally stop expanding a six-year experiment in monetary policy that has left the Fed holding more than $4 trillion of Treasury and mortgage bonds.

The Fed on Wednesday also detailed a new technical plan for how it will raise short-term interest rates, something most officials currently don’t intend to do until next year. The central bank has kept the federal-funds rate near zero since December 2008 and offered assurances along the way about rates remaining low, another part of its varied efforts to boost the post-financial-crisis economy.

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

A Politico Poll–2014 voters are gloomy over the economy

If the nation’s economy is on the mend, the voters of 2014 aren’t feeling it.

Despite continued signs of a halting but persistent national comeback, midterm voters remain frustrated and unhappy with the state of the economy, according to the latest POLITICO poll of likely voters in 2014 battleground states. Many appear to blame President Barack Obama: 57 percent of these voters disapprove of his economic leadership.

By every measure in the survey, a gloomy mood still pervades the electorate when it comes to kitchen-table issues: Just 23 percent say their personal financial situation has improved over the past year, versus 30 percent who say it has gotten worse.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, House of Representatives, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Office of the President, Personal Finance, Politics in General, Psychology, Senate, Theology

(Bloomberg) Scarce Cemetery Space Creates Prices to Die For in Many Cities

Even in death, you can’t escape the property bubble.

From New York to London, growing populations are competing with the deceased for land, driving up real-estate costs well into the afterlife. In Asian megacities, where cremation is the norm, even space for urns is in short supply.

“At the end of the day, it’s like any other piece of real estate,” says Amy Cunningham, a New York state licensed funeral director. “Prices have conspired to put burials out of the range of most people’s budgets.”

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Death / Burial / Funerals, Economy, Housing/Real Estate Market, Parish Ministry, Religion & Culture, Theology

Former Northern New Jersey Episcopal Church to become special needs housing

St. John’s Church is changing ”“ again. After services ended several years ago at the Episcopalian church on the Union City/North Bergen border, a group of local residents and former congregants repurposed the space to hold community functions and kids’ classes. Now a large part of the church is being sold to a developer to be turned into low-income housing for a special needs population.

On Monday, July 28 the Zoning Board of Adjustment of the City of Union City held a special public meeting at which they approved the application by Garden State Episcopal Community Development Association Corporation (GSECDC) to purchase all of the church property except the rectory and sanctuary, and build 13 condominium units within the space….

At the Zoning Board meeting and a community meeting with the developers one week earlier, residents raised concerns about whether the programs previously held within the church space will be allowed to continue. The answer to that question is still up in the air.

Read more: Hudson Reporter – Historic church to become special needs housing Questions asked about community programs who gets priority for units

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Economy, Episcopal Church (TEC), Housing/Real Estate Market, Parish Ministry, Religion & Culture, Stewardship, TEC Parishes

(AP) Seniors Share Homes for Cost Saving, Companionship

t’s not exactly “The Golden Girls,” but for Marcia Rosenfeld, it’ll do.

Rosenfeld is among thousands of aging Americans taking part in home-sharing programs around the country that allow seniors to stay in their homes and save money while getting some much-needed companionship.

“It’s a wonderful arrangement,” said the white-haired Rosenfeld, who when asked her age will only say she’s a senior citizen. “The way the rents are these days, I couldn’t stay here without it.”

She shares her two-bedroom, $1,000-a-month Brooklyn apartment with Carolyn Allen, a 69-year-old widow who has suffered two strokes and no longer wants to live alone.

Agencies that put such seniors together say the need appears to be growing as baby boomers age and struggle to deal with foreclosures, property taxes and rising rents. The typical situation involves an elderly woman, widowed or divorced, who has a house or an apartment with extra room and needs help with the upkeep.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Aging / the Elderly, America/U.S.A., Anthropology, Consumer/consumer spending, Economy, Ethics / Moral Theology, Housing/Real Estate Market, Personal Finance, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology

(Pew R.) Young Adults Drive Continuing Rise in Multi-Generational Living

A record 57 million Americans, or 18.1% of the population of the United States, lived in multi-generational family households in 2012, double the number who lived in such households in 1980.1

After three decades of steady but measured growth, the arrangement of having multiple generations together under one roof spiked during the Great Recession of 2007-2009 and has kept on growing in the post-recession period, albeit at a slower pace, according to a new Pew Research Center analysis of U.S. Census Bureau data.

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Posted in * Culture-Watch, * Economics, Politics, Economy, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Marriage & Family, Young Adults

Janet Yellen Tells Congress That Federal Reserve Will Continue to Help Economy

Ms. Yellen, in downplaying concerns about financial stability, said the economic recovery remained incomplete and the Fed’s help was necessary.

“Too many Americans remain unemployed, inflation remains below our longer-run objective and not all of the necessary financial reform initiatives have been completed,” Ms. Yellen told the Senate Banking Committee.

Ms. Yellen’s testimony is likely to reinforce a sense of complacency among investors who regard the Fed as convinced of its forecast and committed to its policy course. She reiterated the Fed’s view that the economy will continue to grow at a moderate pace, and that the Fed is in no hurry to start increasing short-term interest rates.

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Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Consumer/consumer spending, Corporations/Corporate Life, Economy, Federal Reserve, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Personal Finance, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government

(CSM) The new era of urban humanity

[Recently we learned that]…a critical threshold has now been reached in the 10,000-year history of urban civilization. On Thursday, the United Nations declared for the first time that more than half of the people on the planet live in cities. Only 70 years ago, less than a third did. And by 2050, two-thirds of people will be living in cities.

The rapid pace in urbanization has many causes, such as better transportation and a rise in manufacturing. China, for example, has seen the world’s largest migration as more than 150 million rural people have moved to cities in recent decades for factory jobs and better education after the country embraced a market economy.

But a deeper cause likely drives people to live in close proximity to each other and put up with noise, traffic, pollution, and high prices….Cities are escalators to the good life. They are dream factories. Urban migrants put up with squalor in order to lift their families out of generations of rural stagnation.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, City Government, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, History, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Politics in General, Theology, Urban/City Life and Issues

(Bloomberg) Americans on the Road Again as Recovery Gains Traction

Traci Butler and her husband cut out vacations after the U.S. recession five years ago. This week, the couple is taking their two boys on a weeklong trip that includes a July 4th visit to the nation’s capital, just a few weeks after touring Italy on their own.

In the aftermath of the recession, “things were much tighter,” said Butler, a special education teacher from Washington, Illinois, whose husband works for construction machinery maker Caterpillar Inc. “We didn’t have bonuses for a while. The last two years have been better.”

About 34.8 million people plan to drive 50 miles or more from home during the five days ending July 6, up from 34.1 million last year and the most since 2007, AAA, the biggest U.S. motoring organization, said June 26. The travel recovery is boosting sales for hotels and attractions, a sign that consumer confidence and consumer spending are on the mend, said Mark Zandi, chief economist at Moody’s Analytics Inc. in West Chester, Pennsylvania.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Children, Consumer/consumer spending, Corporations/Corporate Life, Economy, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Marriage & Family, Personal Finance, Travel

(Quartz) The Church of England just sold a piece of the Fijian island Vanau Levu

This has to be the weirdest business deal of the week: The Church of England just sold a chunk of forest-covered land on the Fijian island Vanau Levu for $8.8 million to the government of the Pacific island nation of Kiribati. For the moment, Kiribati plans to use its 20-square-kilometer (7.7-square-mile) plot for agriculture and fish farming. But the investment is really a fallback for its 103,000 residents””a place to live if they must leave their home island.

“We would hope not to put everyone on [this] one piece of land, but if it became absolutely necessary, yes, we could do it,” president Anote Tong told the Associated Press, via the Guardian. Tong is awaiting parliamentary approval of the land purchase before clearing that possibility formally with Fiji’s officials.

Why is Tong preparing for a mass defection to an island 2,000 kilometers away?

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, Anglican Provinces, Church of England (CoE), Economy, Ethics / Moral Theology, Housing/Real Estate Market, Politics in General, Religion & Culture, Theology

(Bloomberg) The Fastest-Growing Metro Area in U.S. Has No Crime or Kids

For Jerry Conkle, life in America’s fastest-growing metropolitan area moves as slowly as the golf carts that meander through his palm-lined neighborhood at dusk. Most days, he wakes early, reads the newspaper, and then hops into his four-wheeled buggy for a 20-mile-per-hour ride to one of the 42 golf courses that surround his home.

“It’s like an adult Disney World,” Conkle, 77, said of The Villages, Florida, whose expansion has come with virtually no crime, traffic, pollution — or children.

The mix has attracted flocks of senior citizens, making The Villages the world’s largest retirement community. Its population of 110,000 has more than quadrupled since 2000, U.S. Census Bureau data show. It rose 5.2 percent last year, on par with megacities like Lagos, Nigeria, and Dhaka, Bangladesh.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Aging / the Elderly, America/U.S.A., City Government, Economy, Ethics / Moral Theology, Housing/Real Estate Market, Politics in General, Theology, Urban/City Life and Issues

"People are not making progress. Incomes are stagnating and expenses are high."

Despite Americans being more secure in their jobs and more comfortable with their debt since the recession ended, their savings capacity remains weak even among those with highest-income household. Only 46% of those with annual income of $75,000 or above have enough savings to cover six months of expenses.

“People are not making progress. Incomes are stagnating and expenses are high,” said Greg McBride, Bankrate.com’s chief financial analyst. He said that many people are still struggling with payments from the past years and high household costs.

The report also indicates that the segment of the population aged between 30 and 49 are the most likely to have no emergency fund compared with younger people. “That is alarming because those are the people with a house, two cars and a dog but still with no emergency savings. You need emergency savings,” he added.

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

(Wired) The Smart Home of the Future Will Be Realized by ”¦ Pandora?

Nowadays, just about everyone says that everything in our homes will soon be connected to the internet. And some companies, including Google, Apple, and Amazon, are actually making it happen, offering internet-connected televisions, smoke alarms, and thermostats.

But Pandora has been actively pushing this idea even longer than most. Since at least 2006, the company has been working on ways to expand its free online streaming radio service beyond the personal computer. It started with mobile phones, and before long, Pandora was in the car, on the television, and even in the kitchen. In 2011, thanks to a partnership with Samsung, it became the first music service you could use via the refrigerator”“for better or for worse, the abiding symbol of the “smart home.”

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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, Housing/Real Estate Market, Science & Technology, Theology

(ABC Aus.) Paul Tyson–The Metaphysics of Money: What the Medievals May Yet Teach Us

This artificial conception of money perhaps lies behind the pathological tendencies of high finance which are destructive of real wealth. Our governments and finance sectors are so often permitted to act in a criminal manner because we assume that money is amoral, disconnected from any right order, and thus open to manipulation by the masters of high finance. If we are to change this situation in a lasting way, we need to change the way we think about money, wealth and power.

We are not, of course, going to banish extortion or amoral instrumentalism just by having better metaphysics. Criminals, extortionist and abusers of power were as common and as powerful in the Middle Ages as they are today. Yet if we do not appreciate the relationship between the prevailing order of wealth and power and the metaphysical assumptions upon which they rest, we will be condemned to repeat the same cycle of inequity and instability.

The main game, indeed, is the struggle for our minds. Plato saw this most clearly. As long as we believe that illusions are reality, we are controlled by those who manipulate the collective illusions that structure the operational norms of the world as we know it.

How do we get money tied to the realities of real human life so that it becomes a fair function of the actual production and distribution of real wealth?

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Posted in * Christian Life / Church Life, * Economics, Politics, Church History, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Personal Finance, Theology

(WSJ) Naomi Schaefer Riley–A Church in Big Easy Walking Distance

When Ray Cannata reads the Bible, he is often struck by how rooted it is in specific places. The pastor of Redeemer New Orleans, an evangelical Presbyterian church near Tulane University, notes that in almost any biblical passage you are likely to be told where something occurred”””to remind you,” he says, that the Gospels are “an earthly thing. . . . It’s not a fairy tale. It’s not ‘Once upon a time.’ ” The Rev. Cannata and other religious leaders””like the theologian Fred Sanders at Biola University outside Los Angeles””have taken that message to heart, calling it “the theology of place.”

“We believe Jesus is God in the flesh, breaking into time and place in history,” Rev. Cannata says. “He didn’t pick Greece. He didn’t pick Illinois. He picked Bethlehem….”

People behave a certain way when they expect they will run into their fellow churchgoers, notes Will Tabor, a campus minister at Tulane University and a Redeemer member, who says he also often sees other congregants during the week.

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Anthropology, Economy, Ethics / Moral Theology, Evangelism and Church Growth, Housing/Real Estate Market, Parish Ministry, Religion & Culture, Theology, Urban/City Life and Issues

(Bloomberg) Draghi Takes ECB Deposit Rate Negative in Historic Move

The European Central Bank cut its deposit rate below zero and said it would announce further measures later today as policy makers try to counter the prospect of deflation in the world’s second-largest economy.

ECB President Mario Draghi reduced the deposit rate to minus 0.10 percent from zero, making the institution the world’s first major central bank to use a negative rate. Policy makers also lowered the benchmark rate to 0.15 percent from 0.25 percent.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Globalization, Housing/Real Estate Market, Labor/Labor Unions/Labor Market

(NYT Letter from Europe) An Afterlife for Europe’s Disused Places of Worship

When a church closes its doors, it is a sad day for its parishioners. When it is slated for demolition, it is a sad day for the larger community, as Lilian Grootswagers realized in 2005 when she and her neighbors in the small Dutch village of Kaatsheuvel learned that St. Joseph’s Roman Catholic Church was due to be torn down and replaced by a four-story apartment block.

Leaping into action, Ms. Grootswagers started a petition drive, collecting 3,250 signatures, almost one-quarter of the village’s population, and sought help on a national level. As it turned out, St. Jozefkerk, built in 1933 as the centerpiece of an unusual architectural ensemble, was eligible to be on a register of historic buildings.

Today, nine years after it held its last Mass, the church is still standing, empty but awaiting its next incarnation. Its rescue was a victory for a widening effort across Europe to preserve religious buildings in the face of rapid secularization and dwindling public resources.

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, Economy, Europe, History, Housing/Real Estate Market, Parish Ministry, Religion & Culture, Stewardship