Daily Archives: September 22, 2022

(The Big Issue) Child poverty in the UK: the definitions, causes and consequences in the cost of living crisis

Child poverty in the UK is reaching worrying levels. Paltry wages, low benefit payments and a cost of living crisis mean the UK’s poorest families are getting poorer.

Analysis from the Resolution Foundation has projected that a further 500,000 children will fall into poverty by April 2023.

Children’s charities, schools and food aid organisations are working tirelessly to plug the gaps created by the welfare system. Food banks are now being set up in schools so children have enough to eat.

Children are perhaps the most vulnerable group in any society, and often first to feel the effects of rising poverty across society. Here are the basics on what child poverty is, what causes it and the impact it has.

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Posted in * Culture-Watch, Children, Dieting/Food/Nutrition, England / UK, Poverty

(Washington Post) Nicholas Eberstadt–What’s behind the flight from work in post-pandemic America

Since the start of the 21st century, per capita growth dropped to less than half its previous 1950-2000 tempo. With the rate creaking along now at just over 1 percent per annum, incomes would take more than 60 years to double; from 1980-1999, the doubling pace was 31 years.

A significant factor in modern America’s slower growth — and the lower expectations it unforgivingly imposes — is the drop-off in work. The country is aging, of course, but population graying does not explain the collapse of employment for men of the 25-54 prime working age (women’s labor force participation rates have been declining too, but not as steeply). Nor can it account for the anomalous emergence of a peacetime labor shortage in post-pandemic America, even as workforce participation rates remain stuck well below pre-pandemic levels.

Instead, these are manifestations of a troubling, once unfamiliar but now increasingly entrenched syndrome. Call it the “flight from work.”

Although the unemployment rate for prime-age men in August was a mere 3 percent, only 86 percent reported any paid labor. The remaining 11 percent were labor-force dropouts — neither working nor looking for work. These “not in labor force” men, who now outnumber the formally unemployed by more than 4 to 1, are the main reason that the country’s prime male work rate has been driven below its 1940 level — when national unemployment rates were nearly 15 percent.

Astonishingly, yes, the United States has a Depression-scale work problem.

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Posted in * Culture-Watch, America/U.S.A., Corporations/Corporate Life, Economy, Labor/Labor Unions/Labor Market

(FA) Nicholas Eberstadt and Evan Abramsky–America’s Education Crisis Is a National Security Threat

The erosion of the United States’ educational edge will eventually weaken the country’s global reach. With a less highly educated workforce than it could or should have, the United States will have less economic, political, and military heft with which to defend its interests and uphold the economic and security architecture that has defined the postwar order. Eventually, Pax Americana will come under pressure. It is not hard to imagine a progressively less peaceable and more economically insecure international environment in which the United States has much less influence as a result of its stagnating pool of high-skilled labor.

Fortunately, the United States still has good options for coping with loss of educational hegemony. But they all require Washington to take initiative—something it seems unaccustomed to lately. Through more active and imaginative diplomacy, the United States could seek to forge new coalitions or alliances that would add human resource ballast to the liberal order. This might entail patient cultivation of new security partnerships with some of tomorrow’s major centers of highly educated labor: India, Indonesia, Vietnam—maybe even Iran. Other intriguing possibilities include a closer integration of Canada, Mexico, and the United States, which might bring North America’s strategic potential more in line with its tremendous demographic and economic potential.

Meanwhile, the United States could attempt to reverse its ominous educational slowdown. Stagnation in educational attainment is impeding economic growth and likely robbing the United States of trillions of dollars in output each year—a price that will only rise if the United States doesn’t shift course. Part of the problem is that Americans do not want to buy a lot of what U.S. educators want to sell, and it is hard to blame them. The quality of public primary and secondary schooling is woefully uneven, and a high school diploma does not always come with marketable skills. Higher education is increasingly bureaucratized, ideological, and expensive. If Americans treated education as if their future depended on it, they would look for far-reaching overhauls, not marginal changes, and they would look beyond teachers’ unions and university administrators for better ideas. Revitalizing the country’s human resources—not just educational attainment, but health, workforce participation, and even family—will increasingly be strategic imperatives for the United States.

The coming demographic and educational changes are predictable. But they are not entirely inevitable, and they are unfolding slowly. The United States has time to adapt and address its educational shortcomings before it is too late. To avoid squandering its educational edge and putting its position of global primacy at risk, however, Washington must acknowledge that education is no longer just a domestic policy issue but a national security issue on which the very future of the United States depends.

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Posted in * Culture-Watch, America/U.S.A., Education, Foreign Relations, Globalization

(NYT front page) The Fed Intensifies Its Battle Against Inflation

Federal Reserve officials, struggling to contain the most rapid inflation in 40 years, delivered a third big rate increase on Wednesday and projected a more aggressive path ahead for monetary policy, one that would lift interest rates higher and keep them elevated longer.

The Fed raised its policy interest rate by three-quarters of a percentage point, boosting it to a range of 3 to 3.25 percent. That’s a significant jump from as recently as March, when the federal funds rate was set at near-zero, and the increases since then have made for the Fed’s fastest policy adjustment since the 1980s.

Even more notably, policymakers predicted on Wednesday that they would raise borrowing costs to 4.4 percent by the end of the year and forecast markedly higher interest rates in the years to come than they had previously expected. Jerome H. Powell, the Fed chair, warned that those moves would be painful for the U.S. economy — but said curbing growth to contain price increases was essential.

“We have got to get inflation behind us,” Mr. Powell said during his post-meeting news conference. “I wish there were a painless way to do that; there isn’t.”

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Posted in * Economics, Politics, Economy, Federal Reserve

A Prayer for the Feast Day of Philander Chase

Almighty God, whose Son Jesus Christ is the pioneer and perfecter of our faith We give thee heartfelt thanks for the pioneering spirit of thy servant Philander Chase, and for his zeal in opening new frontiers for the ministry of thy Church. Grant us grace to minister in Christ’s name in every place, led by bold witnesses to the Gospel of the Prince of Peace, even Jesus Christ our Lord, who liveth and reigneth with thee and the Holy Spirit, one God, for ever and ever. Amen.

Posted in Church History, Spirituality/Prayer

A Prayer to Begin the Day from Dwight L Moody

Fill our hearts with your grace, O Lord, our souls with your love and our lives with your glory; through Christ our Lord. Amen.

Posted in Spirituality/Prayer

From the Morning Bible Readings

And God did extraordinary miracles by the hands of Paul, so that handkerchiefs or aprons were carried away from his body to the sick, and diseases left them and the evil spirits came out of them. Then some of the itinerant Jewish exorcists undertook to pronounce the name of the Lord Jesus over those who had evil spirits, saying, “I adjure you by the Jesus whom Paul preaches.” Seven sons of a Jewish high priest named Sceva were doing this. But the evil spirit answered them, “Jesus I know, and Paul I know; but who are you?” And the man in whom the evil spirit was leaped on them, mastered all of them, and overpowered them, so that they fled out of that house naked and wounded. And this became known to all residents of Ephesus, both Jews and Greeks; and fear fell upon them all; and the name of the Lord Jesus was extolled. Many also of those who were now believers came, confessing and divulging their practices. And a number of those who practiced magic arts brought their books together and burned them in the sight of all; and they counted the value of them and found it came to fifty thousand pieces of silver. So the word of the Lord grew and prevailed mightily.

–Acts 19:11-20

Posted in Theology: Scripture