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Daily Archives: February 7, 2024

(Church Times) Clergy minimum stipends to grow by seven per cent from April

Posted on February 7, 2024 by Kendall Harmon

A 7% increase in the National Minimum Stipend (NMS), set to come into effect in April, has been welcomed by the trade union Unite.

The increase, agreed by the Archbishops’ Council, acting as the Central Stipends Authority (CSA), will see the minimum stipend jump from £26,134 to £28,670.

Last July, the CSA announced a five-per-cent increase for 2024. The greater uplift to seven per cent has been made possible because dioceses, which will have to fund the stipends, need pay less into the Church of England pensions scheme. In December, the Pensions Board announced a drop in the contribution rate by three percentage points from April this year: to 25 per cent of the previous year’s National Minimum Stipend.

Read it all.

Posted in Church of England, Economy, Ministry of the Ordained, Parish Ministry, Religion & Culture, Stewardship

(WSJ) Why Americans Are So Down on a Strong Economy

Posted on February 7, 2024 by Kendall Harmon

There’s a striking disconnect between the widely shared pessimism among Americans and measures that show the economy is actually robust. Consumers are spending briskly—behavior that suggests optimism, not retrenchment. Inflation has tempered. Unemployment has been below 4% for 24 straight months, the longest such stretch since the 1960s.

The disconnect has puzzled economists, investors and business owners. But press Americans harder, and the immediate economy emerges as only one factor in the gloomy outlook. Americans feel sour about the economy, many say, because their long-term financial security feels fragile and vulnerable to wide-ranging social and political threats.

Reliable steps up the economic ladder, such as a college degree, no longer look like a good investment. War overseas, and an emboldened set of hostile nations, have made the world feel dangerous. Uninspiring leaders at home, running a government widely seen as dysfunctional, have left people without hope that America is up to the challenge of fixing its problems.

The broad reasons for America’s dim outlook suggest that even further improvement in the economy might not be enough to lift the nation’s mood. In an election year, that is shaping up as one of President Biden’s biggest impediments to winning a second term. He has received little credit so far for an economy that has foiled predictions of a recession and instead grew 3.1% in the past year, far ahead of the pace in 2022.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, America/U.S.A., Economy

(Seattle Times) Key bolts missing when Boeing delivered Alaska blowout jet, NTSB report says

Posted on February 7, 2024 by Kendall Harmon

The NTSB said the door plug was opened at Boeing’s Renton factory so a team from supplier Spirit AeroSystems of Wichita, Kan., could repair damaged rivets adjacent to the door plug on the 737 MAX 9 jet.

The fix required removal of insulation and interior panels at that location and the opening of the door plug. After the rivets were repaired, a Boeing team worked to restore the interior.

Federal regulations require that every manufacturing job that goes into assembly of an airplane be documented. And critical tasks have to be signed off by quality inspectors.

A month after the blowout, though, Boeing has not provided the NTSB with documentation about who opened and re-closed the door plug, how exactly it was done and with what authorization.

Read it all (my emphasis).

Posted in Corporations/Corporate Life, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Travel

(Economist) As China’s markets crash, its consumers cower

Posted on February 7, 2024 by Kendall Harmon

Most emerging economies struggle to live within their means; China struggles to live up to them. Even in the best of times, the combined spending of its households, firms and government is not enough to buy all that it can produce, leaving a surplus that must be exported: the country has run a trade surplus for 34 of the past 40 years. And these are not the best of times. China is enduring its longest spell of deflation since the Asian crisis over a quarter-century ago. An epic stock market rout since late 2022 has seen investors lose $2 trillion.

Behind that panic lies a deeper fear among investors and officials, namely that China no longer has a reliable driver of growth. The property boom is over. Cash-strapped developers are afraid to build flats and households are afraid to buy them. The infrastructure mania has run out of road: indebted local governments lack the funds. Exporting goods to the rest of the world, which China relied on for decades to escape poverty, is getting harder as protectionism rises and Western countries become wary of relying on authoritarian states.

Much therefore rests on one remaining source of growth: boosting the spending of China’s 1.4 billion people.“The Chinese market, with its vast space and growing depth, will play an important role in boosting aggregate global demand,” Li Qiang, China’s prime minister, told the World Economic Forum in Davos last month. A new imf review of China’s prospects published on February 2nd contains 61 references to the word “consumption”.

Read it all.

Posted in * Economics, Politics, China, Economy

(EF) There were 12 ‘honour killings’ recorded in Germany in the last two years

Posted on February 7, 2024 by Kendall Harmon

A recent study by women rights organisation Terre des Femmes shows that at least 26 people in Germany were victims of attempted or completed so-called ‘honour killings’ between 2022 and 2023.

According to the research, there were twelve victims of violence in the name of honour in the past two years, ten of whom were women. There were also 14 victims of attempted murders, including nine women, reported German newspaper Welt am Sonntag.

Terre des Femmes also documented 19 cases of attempted and completed ‘honour killings’ in 2021, so that in the past three years, there were a total of 45 victims, 22 of whom lost their lives.

In most cases, the killings took place at environments dominated by Islam, and the perpetrators often belong to the family of the victims.

Read it all.

Posted in Death / Burial / Funerals, Ethics / Moral Theology, Germany, Law & Legal Issues, Police/Fire, Religion & Culture

A prayer to begin the day from William Temple

Posted on February 7, 2024 by Kendall Harmon

O Lord Jesus Christ, Thou Word of God, Creator and Redeemer, possess our mind and conscience, our heart and imagination, by Thine indwelling Spirit; that we and all men, being purged of pride, may find and rest in that love which is Thy very self.

–Frederick B. Macnutt, The prayer manual for private devotions or public use on divers occasions: Compiled from all sources ancient, medieval, and modern (A.R. Mowbray, 1951)

Posted in Spirituality/Prayer

From the Morning Bible Readings

Posted on February 7, 2024 by Kendall Harmon

Again Jesus spoke to them, saying, “I am the light of the world; he who follows me will not walk in darkness, but will have the light of life.” The Pharisees then said to him, “You are bearing witness to yourself; your testimony is not true.” Jesus answered, “Even if I do bear witness to myself, my testimony is true, for I know whence I have come and whither I am going, but you do not know whence I come or whither I am going. You judge according to the flesh, I judge no one. Yet even if I do judge, my judgment is true, for it is not I alone that judge, but I and he who sent me. In your law it is written that the testimony of two men is true; I bear witness to myself, and the Father who sent me bears witness to me.” They said to him therefore, “Where is your Father?” Jesus answered, “You know neither me nor my Father; if you knew me, you would know my Father also.” These words he spoke in the treasury, as he taught in the temple; but no one arrested him, because his hour had not yet come.

–John 8:12-20

Posted in Theology: Scripture