Daily Archives: September 6, 2022

(EuroIntelligence) Wolfgang Münchau–Europe maybe at the beginning of an unusually severe recession, one that won’t auto-reverse

Shouting fire in theatre is something not done lightly, unless there actually is a fire in the theatre. For Europe’s economy, I think it is time to shout. What we are about to see this autumn and winter is not your standard recession, but the kind of shock that will shape our memories and narratives for the rest of the century.

Last week, I saw a projection of a 5% GDP shock for Germany, based on energy futures prices. In case of an ongoing stop to gas flows and a cold winter, the recession could be worse. Gazprom already announced an indefinite stop of flows through Nord Stream 1, apparently because of an oil leak.

The main quality of the ongoing recession is not so much its measured impact on GDP – though it will probably be substantial. It is the fact that we have exhausted our policy options. Monetary policy in the last decade went way overboard with large-scale quantitative easing and its subsequent refusal to reverse it. The west reacted to the pandemic with the biggest fiscal stimulus package in history.

Economists keep on telling us that we need fiscal expansion in a recession. I agree with that. But what is different this century from the previous one is that we keep on doubling down with stimulus and monetary easing. And we never grow out of the debt.

Read it all.

Posted in Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Foreign Relations, History, Politics in General

(WSJ) Schools Are Back and Confronting Severe Learning Losses

Delainey Tidwell says she loves reading. The tricky part for her is understanding the words on the page.

“I would read one sentence over and over again,” said the 9-year-old fourth-grader.

Though she returned to school in August 2020, repeated quarantines left her mostly on her own at home. Her father is a construction supervisor who has to be on site. Her mother works from home but gets few breaks during the day. Delainey sometimes had to care for her little sister during virtual school.

Delainey’s difficulty with comprehension is also hurting her in math class, where she struggles to understand word problems, said her mother, Danyal Tidwell, who pins some blame on the pandemic. “We want to give her every resource we can between school and home, because we want her caught up,” Mrs. Tidwell said.

For two years, schools and researchers have wrestled with pandemic-era learning setbacks resulting mostly from a lack of in-person classes. They are struggling to combat the learning loss, as well as to measure just how deep it is. Some answers to the second question are becoming clear. National data show that children who were learning to read earlier in the pandemic have the lowest reading proficiency rates in about 20 years.

Read it all.

Posted in Children, Education, Health & Medicine

Brand New TEC Diocese Petitions South Carolina Supreme Court for a Rehearing on two parishes in the Historic Anglican Diocese of SC

(Via email–KSH)

Dear Sisters and Brothers in Christ,

To file under “we-should’ve-seen-that-coming”…

…(On September 1, 2022)..the Episcopal Church and The Episcopal Church in South Carolina filed a Petition for Reconsideration and Rehearing with the South Carolina Supreme Court asking the Court to reverse their ruling regarding the property rights of two parishes whose rights they had affirmed in their August 17 ruling.

Those parishes are: Old St Andrew’s, Charleston, and the Church of the Holy Cross, Stateburg.

Please join me in praying the Court will deny this final effort and, once and for all, put this case to rest.

Additionally, The Church of the Good Shepherd, Charleston, whose property rights the Court denied in their August 17 ruling, filed a Petition for Rehearing asking the Court to reconsider that ruling.

We’ll pray that the Court will reverse that earlier ruling and affirm the property rights of Good Shepherd.

With me, you are likely tired of the back-and-forth and wondering if this will ever end. It will. Someday, in the not too distant future, I trust these matters will be behind us, and we will move forward—whatever the outcome—into ministry without this distraction. Until then, we do well to heed St Paul’s advice to: “Rejoice in hope, be patient in tribulation, and be constant in prayer.” (Rom 12.12) Never losing sight of the fact that, “…you are from God and have overcome them, for he who is in you is greater than he who is in the world.” That truth can never change.

Blessings,

–The Rt Revd Chip Edgar is bishop of the Anglican Diocese of South Carolina

Posted in * Anglican - Episcopal, * South Carolina, Church History, Ethics / Moral Theology, Law & Legal Issues, Stewardship

We Are Back and Slowly Getting into the Swing of things as Fall Approaches

Bear with us as there is much to catch up on, as ever–KSH.

Posted in * Admin, * By Kendall

(Gallup) Is Quiet Quitting Real?

“Quiet quitters” make up at least 50% of the U.S. workforce — probably more, Gallup finds.

The trend toward quiet quitting — the idea spreading virally on social media that millions of people are not going above and beyond at work and just meeting their job description — could get worse. This is a problem because most jobs today require some level of extra effort to collaborate with coworkers and meet customer needs.

U.S. employee engagement took another step backward during the second quarter of 2022, with the proportion of engaged workers remaining at 32% but the proportion of actively disengaged increasing to 18%. The ratio of engaged to actively disengaged employees is now 1.8 to 1, the lowest in almost a decade.

The drop in engagement began in the second half of 2021 and was concurrent with the rise in job resignations. Managers, among others, experienced the greatest drop.

Read it all.

Posted in Labor/Labor Unions/Labor Market

For her Feast Day–(CT) Hannah More: Powerhouse in a Petticoat

Imagine yourself seated at a fashionable London dinner party in 1789.

The women are wearing hoops several feet wide, their hair dressed nearly as high and adorned with fruit or feathers. In between hips and hair, bosoms overspill. The men sport powdered hair, ruffled shirts, embroidered waistcoats, wool stockings, and buckled shoes. Politeness and manners reign around a table laden with delicate, savory dishes.

As guests wait for the after-dinner wine to arrive, a handsome but demure woman pulls a pamphlet from the folds of her dress. “Have you ever seen the inside of a slave ship?” she asks the natty gentleman seated next to her. She proceeds to spread open a print depicting the cargo hold of the Brookes slave ship. With meticulous detail, the print shows African slaves laid like sardines on the ship’s decks, each in a space so narrow, they can’t lay their arms at their sides. The print will become the most haunting image of the transatlantic slave trade””as well as a key rhetorical device used to stop it.

The woman sharing it is Hannah More.

Read it all.

Posted in Church History, England / UK

A Prayer for the Feast Day of Hannah More

Almighty God, whose only-begotten Son led captivity captive: Multiply among us faithful witnesses like thy servant Hannah More, who will fight for all who are oppressed or held in bondage; and bring us all, we pray, into the glorious liberty that thou hast promised to all thy children; through Jesus Christ our Lord, who lives and reigns with thee and the Holy Ghost, one God, for ever and ever. Amen.

Posted in Church History, Spirituality/Prayer

A Prayer to Begin the Day from James Mountain

O God, who hast brought life and immortality to light by the gospel, and hast begotten us again to a living hope through the resurrection of Jesus Christ from the dead: Make us steadfast and immovable in the faith, always abounding in the work of the Lord, who died for our sins and rose again, and now liveth and reigneth with thee and the Holy Spirit, world without end.

–The Rev. James Mountain (1844-1933)

Posted in Spirituality/Prayer

From the Morning Bible Readings

Now at Ico′nium they entered together into the Jewish synagogue, and so spoke that a great company believed, both of Jews and of Greeks. But the unbelieving Jews stirred up the Gentiles and poisoned their minds against the brethren. So they remained for a long time, speaking boldly for the Lord, who bore witness to the word of his grace, granting signs and wonders to be done by their hands. But the people of the city were divided; some sided with the Jews, and some with the apostles. When an attempt was made by both Gentiles and Jews, with their rulers, to molest them and to stone them, they learned of it and fled to Lystra and Derbe, cities of Lycao′nia, and to the surrounding country; and there they preached the gospel.

Now at Lystra there was a man sitting, who could not use his feet; he was a cripple from birth, who had never walked. He listened to Paul speaking; and Paul, looking intently at him and seeing that he had faith to be made well, said in a loud voice, “Stand upright on your feet.” And he sprang up and walked. And when the crowds saw what Paul had done, they lifted up their voices, saying in Lycao′nian, “The gods have come down to us in the likeness of men!” Barnabas they called Zeus, and Paul, because he was the chief speaker, they called Hermes. And the priest of Zeus, whose temple was in front of the city, brought oxen and garlands to the gates and wanted to offer sacrifice with the people. But when the apostles Barnabas and Paul heard of it, they tore their garments and rushed out among the multitude, crying, “Men, why are you doing this? We also are men, of like nature with you, and bring you good news, that you should turn from these vain things to a living God who made the heaven and the earth and the sea and all that is in them. In past generations he allowed all the nations to walk in their own ways; yet he did not leave himself without witness, for he did good and gave you from heaven rains and fruitful seasons, satisfying your hearts with food and gladness.” With these words they scarcely restrained the people from offering sacrifice to them.

–Acts 14:1-18

Posted in Theology: Scripture