Category : * Economics, Politics

(Church Times) Clergy conduct batted back by Parliament to C of E General Synod

At that hearing, Mr [Edward] Dobson said that the “starting point” was that evidence was to be taken in private, on the grounds that this would better protect children and young adults, and that the question whether the default should be for public hearings had been considered by the Synod (Synod, 12 July 2024).

The Measure, given final approval in February (News, 14 February), will now have to be considered further. The intention is that it will replace the Clergy Discipline Measure 2003.

Redress Scheme reviewed. The Ecclesiastical Committee took evidence this week on the Measure to introduce the Redress Scheme for abuse survivors, which was finally approved by the Synod in York in July (News, 18 July). Despite the raising of concerns at a hearing on Tuesday about a data breach by the law firm administering the scheme, the Committee is expected to give the Measure the green light to become law.

In August, it was announced that the email addresses of people who had signed up for updates on the scheme had been disclosed in a data breach by Kennedys, the firm administering the scheme (News, 29 August).

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Posted in Church of England, England / UK, Ethics / Moral Theology, Ministry of the Ordained, Parish Ministry, Pastoral Theology, Politics in General, Religion & Culture

(RU) Facing A Growing Climate Crisis, India’s Christians Lead the ‘Green Revolution’

Across India’s sprawling landscapes, Christian organizations are stepping up with urgency and creativity to confront the mounting challenges posed by climate change. 

Their work spans everything from solar-powered schools and rural farming projects to national climate declarations and interfaith advocacy, positioning faith-based groups at the forefront of India’s green revolution.

India’s Catholic institutions have become unlikely climate champions. In the western provinces, Jesuit Father Frazer Mascarenhas coordinates the Ecology Platform for the Jesuit West Zone: “About 60 institutions have achieved zero electricity bills for quite some time and demonstrated that it is a viable project to save the only home we have — the fragile Earth,” Mascarenhas explained in a recent interview. 

Vinayalaya, a Jesuit-run center in Mumbai, is now fully powered by solar energy. The project aims to solarize all 110 Jesuit schools, seminaries and residences in four provinces by 2027.

Read it all.

Posted in Ecology, Energy, Natural Resources, India, Religion & Culture

(WSJ) Tens of Thousands of White-Collar Jobs Are Disappearing as AI Starts to Bite

The nation’s largest employers have a new message for office workers: help not wanted.

Amazon.com said this week that it would cut 14,000 corporate jobs, with plans to eliminate as much as 10% of its white-collar workforce eventually. United Parcel Service said Tuesday that it had reduced its management workforce by about 14,000 positions over the past 22 months, days after the retailer Target said it would cut 1,800 corporate roles.

Earlier in October, white-collar workers from companies including Rivian AutomotiveMolson CoorsBooz Allen Hamilton and General Motors received pink slips—or learned that they would come soon. Added up, tens of thousands of newly laid off white-collar workers in America are entering a stagnant job market with seemingly no place for them.

At 5:30 a.m. on Tuesday, Kelly Williamson woke up to an alarming text from her employer, Amazon’s Whole Foods Market, urging her to check her email.

“Review asap and stay home from work today,” the message said. Williamson’s role on the asset-protection team was being eliminated. The badge and laptop for the 55-year-old from Austin, Texas, were deactivated. She was given 90 days to look for another job at the company. She said her personal belongings are being mailed to her.

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Posted in * Economics, Politics, Corporations/Corporate Life, Economy, Labor/Labor Unions/Labor Market, Science & Technology

(Bloomberg) Trump Terminates Trade Talks With Canada Over Reagan Tariff Ad

President Donald Trump said he would immediately halt all trade negotiations with Canada, citing a Canadian advertisement against his signature tariffs plan featuring the voice of former President Ronald Reagan.

“TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A.,” Trump wrote on his Truth Social platform. “Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED.”

The ad in question comprises excerpts from an address Reagan gave in 1987 in which he defended the principles of free trade and slammed tariffs as an outdated idea that stifles innovation, drives up prices and hurts US workers.

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Posted in Canada, Foreign Relations, Globalization, President Donald Trump

(Google Blog) Our Quantum Echoes algorithm is a big step toward real-world applications for quantum computing

Editor’s note: Today, we’re announcing research that shows — for the first time in history — that a quantum computer can successfully run a verifiable algorithm on hardware, surpassing even the fastest classical supercomputers (13,000x faster). It can compute the structure of a molecule, and paves a path towards real-world applications. Today’s advance builds on decades of work, and six years of major breakthroughs. Back in 2019, we demonstrated that a quantum computer could solve a problem that would take the fastest classical supercomputer thousands of years. Then, late last year (2024), our new Willow quantum chip showed how to dramatically suppress errors, solving a major issue that challenged scientists for nearly 30 years. Today’s breakthrough moves us much closer to quantum computers that can drive major discoveries in areas like medicine and materials science.

Imagine you’re trying to find a lost ship at the bottom of the ocean. Sonar technology might give you a blurry shape and tell you, “There’s a shipwreck down there.” But what if you could not only find the ship but also read the nameplate on its hull?

That’s the kind of unprecedented precision we’ve just achieved with our Willow quantum chip. Today, we’re announcing a major algorithmic breakthrough that marks a significant step towards a first real-world application. Just published in Nature, we have demonstrated the first-ever verifiable quantum advantage running the out-of-order time correlator (OTOC) algorithm, which we call Quantum Echoes.

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Posted in Corporations/Corporate Life, Science & Technology

(WSJ) AI Workers Are Putting In 100-Hour Workweeks to Win the New Tech Arms Race

Josh Batson no longer has time for social media.

The AI researcher’s only comparable dopamine hit these days is on Anthropic’s Slack workplace-messaging channels, where he explores chatter about colleagues’ theories and experiments on large language models and architecture.

Batson is among a group of core artificial-intelligence researchers and executives who are facing a relentless grind, racing to keep pace with a seemingly endless cycle of disruption in pursuit of systems with superhuman intelligence.

Inside Silicon Valley’s biggest AI labs, top researchers and executives are regularly working 80 to 100 hours a week. Several top researchers compared the circumstances to war.

“We’re basically trying to speedrun 20 years of scientific progress in two years,” said Batson, a research scientist at Anthropic. Extraordinary advances in AI systems are happening “every few months,” he said. “It’s the most interesting scientific question in the world right now.”

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Posted in Corporations/Corporate Life, Labor/Labor Unions/Labor Market, Science & Technology

(FT) Sequoia COO quit over Shaun Maguire’s comments about Mamdani

Sequoia Capital’s chief operating officer resigned over comments made by partner Shaun Maguire that she regarded as Islamophobic, as political debates sow division at one of Silicon Valley’s most powerful venture capital firms.

Sumaiya Balbale — a practising Muslim who has spoken publicly about how her gender, ethnicity and faith have shaped her career — stepped down after five years at the company in August. Her decision to leave was precipitated by Maguire’s social media posts, according to three people with knowledge of the matter.

Maguire, an outspoken and high-profile investor who is close to Elon Musk, wrote on X in July that New York mayoral candidate Zohran Mamdani “comes from a culture that lies about everything. It’s literally a virtue to lie if it advances his Islamist agenda. The West will learn this lesson the hard way.”

Balbale complained to other senior partners at the firm, who declined to take action against Maguire, arguing he was just exercising his right to free speech, the people said. She left soon after, feeling her position was untenable.

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Posted in City Government, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Language, Politics in General, Stock Market

(NYT) Amazon Plans to Replace More Than Half a Million Jobs With Robots

Over the past two decades, no company has done more to shape the American workplace than Amazon. In its ascent to become the nation’s second-largest employer, it has hired hundreds of thousands of warehouse workers, built an army of contract drivers and pioneered using technology to hire, monitor and manage employees.

Now, interviews and a cache of internal strategy documents viewed by The New York Times reveal that Amazon executives believe the company is on the cusp of its next big workplace shift: replacing more than half a million jobs with robots.

Amazon’s U.S. work force has more than tripled since 2018 to almost 1.2 million. But Amazon’s automation team expects the company can avoid hiring more than 160,000 people in the United States it would otherwise need by 2027. That would save about 30 cents on each item that Amazon picks, packs and delivers to customers.

Executives told Amazon’s board last year that they hoped robotic automation would allow the company to continue to avoid adding to its U.S. work force in the coming years, even though they expect to sell twice as many products by 2033. That would translate to more than 600,000 people whom Amazon didn’t need to hire.

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Posted in Corporations/Corporate Life, Economy, Labor/Labor Unions/Labor Market, Science & Technology

(NYT) Japan Has a New Leader, and She’s a Heavy Metal Drummer

As a young woman in the late 1970s, Sanae Takaichi commuted six hours a day by bus and train from her parents’ home in western Japan to attend university. She was a fan of heavy metal music and Kawasaki motorcycles who yearned to move out. But her mother insisted at first that she stay home, forbidding her from living in a boardinghouse before marriage.

“I dreamed of having my own castle,” Ms. Takaichi wrote in a 1992 memoir.

On Tuesday, Ms. Takaichi won election as Japan’s prime minister, the first woman to do so in the nation’s history. It was the pinnacle of an improbable rise in politics and a milestone in a country where women have long struggled for influence.

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Posted in Japan, Politics in General

(FT) Donald Trump urged Volodymyr Zelenskyy to accept Putin’s terms or be ‘destroyed’ by Russia

Donald Trump urged Volodymyr Zelenskyy to accept Russia’s terms for ending its war in a volatile White House meeting on Friday, warning that Vladimir Putin had said he would “destroy” Ukraine if it did not agree.

The meeting between the US and Ukrainian presidents descended many times into a “shouting match”, with Trump “cursing all the time”, people familiar with the matter said. They added that the US president tossed aside maps of the front line in Ukraine, insisted Zelenskyy surrender the entire Donbas region to Putin, and repeatedly echoed talking points the Russian leader had made in their call a day earlier.

Though Trump later endorsed a freeze of the current front lines, the acrimonious meeting appeared to reflect the US president’s shifting position on the war and his willingness to endorse Putin’s maximalist demands. The meeting between Trump and Zelenskyy came amid a fresh push by the US president to end Russia’s war following the ceasefire secured between Israel and Hamas. 

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Posted in Foreign Relations, Military / Armed Forces, Office of the President, President Donald Trump, Russia, Ukraine

(Economist) Governments are living far beyond their means. Sadly, inflation is the most likely escape

It is….increasingly likely that governments will…resort to inflation and financial repression to reduce the real value of their high debts, as they did in the decades after the second world war. The machinery for such a strategy is in place at central banks, which have a large footprint in bond markets. Already, populists such as Mr Trump and Nigel Farage in Britain attack their country’s central banks with proposals that would weaken the defenses against inflation.

Price rises are unpopular—just ask the hapless Joe Biden—but they do not need political support to get going. Nobody voted for them in the 1970s or in 2022. When governments cannot get their act together, and run economic policies that are unsustainable, bouts of inflation just happen. By the time markets wake up, it is too late.

All the more reason to think ahead and reflect on how inflation harms the economy and society. It redistributes wealth unfairly: from creditors to debtors; from those with cash and bonds to those who own real assets such as houses; and from those who agree on contracts and wages in cash terms to those wily enough to anticipate higher prices. It causes what John Maynard Keynes called an “arbitrary rearrangement of riches”. And that could happen just as societies are grappling with other transfers of wealth that the losers will also see as unfair: in the labour market, as AI takes on routine office work; and through inheritance, as baby-boomers bequeath vast property wealth to those lucky enough to have the right parents.

This multi-pronged upheaval of fortunes could wreck the middle class, which binds democracies together, and scramble the social contract.

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Posted in * Economics, Politics, Economy, Ethics / Moral Theology, Globalization, History, Politics in General, President Donald Trump, The U.S. Government

Robin Brooks–What we know about rising gold prices and the global debasement trade

So here’s what we know. This year’s gold rally has come in fits and starts. The April move was about a loss of confidence in the Dollar, a move that’s since run out of steam. The move since Jackson Hole is about “global debasement” and coincides with three notable developments: (i) there’s a global rise in long-term government bond yields as markets increasingly worry about unsustainable fiscal policy in many places; (ii) the universe of safe haven countries has shrunk because Germany and Japan are at the forefront of the global rise in yields; and (iii) the few safe haven countries that remain – notably Switzerland – are small, with limited capacity to absorb safe haven inflows. These three forces are supercharging the rise in gold prices, which is really about the global deterioration in fiscal sustainability and growing risk that debt overhangs will be inflated away.

What we don’t know is who is driving the latest rise in gold prices. There’s endless rumors about another round of central bank buying, but I am skeptical. There’s a clear macro catalyst to the latest move in the form of Jackson Hole. I find it hard to believe that central banks in emerging markets will be trading such a catalyst. It’s more likely that this is a genuine market move, with a growing number of investors worried about fiscal sustainability and debasement. If that’s true, the gold move can go a lot further.

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Posted in * Economics, Politics, Currency Markets, Economy, European Central Bank, Federal Reserve, Globalization

(Bloomberg) Goldman Sees US Consumers Paying More Than Half of Trump Tariffs

Americans are set to pay more than half of President Donald Trump’s tariff costs as companies raise prices, according to economists of Goldman Sachs Group Inc.

US consumers will likely shoulder 55% of tariff costs by the end of the year, with American companies taking on 22%, the Goldman analysts wrote in an Oct. 12 research note to clients. Foreign exporters would absorb 18% of tariff costs by cutting prices for goods, while 5% would be evaded, they wrote.

For now “US businesses are likely bearing a larger share of the costs” as it takes time to raise prices, economists Elsie Peng and David Mericle wrote in the note. “If recently implemented and future tariffs have the same eventual impact on prices as the tariffs implemented earlier this year, then US consumers would eventually absorb 55% of tariff costs.”

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Posted in * Economics, Politics, Consumer/consumer spending, Economy, Office of the President, President Donald Trump, Taxes, The U.S. Government

The world has become dangerously dependent on American stocks, writes the former IMF chief economist Gita Gopinath 

The American stockmarket has see-sawed lately amid a flare-up in trade tensions, but remains near its all-time high. The surge, fuelled by enthusiasm around artificial intelligence, has drawn comparisons to the exuberance of the late 1990s that culminated in the dotcom crash of 2000. Though technological innovation is undeniably reshaping industries and increasing productivity, there are good reasons to worry that the current rally may be setting the stage for another painful market correction. The consequences of such a crash, however, could be far more severe and global in scope than those felt a quarter of a century ago.

At the heart of this concern is the sheer scale of exposure, both domestic and international, to American equities. Over the past decade and a half, American households have significantly increased their holdings in the stockmarket, encouraged by strong returns and the dominance of American tech firms. Foreign investors, particularly from Europe, have for the same reasons poured capital into American stocks, while simultaneously benefiting from the dollar’s strength. This growing interconnectedness means that any sharp downturn in American markets will reverberate around the world.

To put the potential impact in perspective, I calculate that a market correction of the same magnitude as the dotcom crash could wipe out over $20trn in wealth for American households, equivalent to roughly 70% of American GDP in 2024. This is several times larger than the losses incurred during the crash of the early 2000s. The implications for consumption would be grave. Consumption growth is already weaker than it was preceding the dotcom crash. A shock of this magnitude could cut it by 3.5 percentage points, translating into a two-percentage-point hit to overall GDP growth, even before accounting for declines in investment.

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Posted in America/U.S.A., Globalization, Stock Market

(PCN) The Church of England calls for a national conversation on AI and the future of work

The Church of England has called for a national conversation on artificial intelligence (AI) and its impact on the world of work. . 

A new edition of the Crucible journal, released this month, explored how automation and algorithms reshape jobs and identity.  

It follows a motion passed by the Church’s General Synod in February 2024, which acknowledged the effects of AI and the ‘fourth industrial revolution’. 

Read it all.

Posted in Anthropology, Church of England (CoE), Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Religion & Culture, Science & Technology, Theology

(NYT) Cars to Fighter Jets: China’s New Export Curbs May Level a Heavy Blow Worldwide

From cars and computer chips to tanks and fighter jets, China’s new export restrictions represent a sweeping effort to control global commerce and have set off a renewed trade fight that pits Beijing against not only the United States but also Europe.

The new regulations, which take effect in stages on Nov. 8 and Dec. 1, apply to the entire world, sharply escalating China’s sway over critical manufacturing at a time of increased international fractures over trade. The restrictions led President Trump on Friday to threaten to impose new 100 percent tariffs on Chinese imports starting Nov. 1.

The rules go far beyond China’s limits since April on the export of rare earth metals, which are mined and processed mainly in China, as well as magnets made from those metals. In a series of announcements on Thursday, China extended its restrictions to worldwide shipments of electric motors, computer chips and other devices that have become central to modern life and are now manufactured mainly in China.

The regulations prohibit exports from China to any country of materials or components for use in military equipment. Among the items banned are the small yet powerful electric motors in missiles and fighter jets and the materials for crucial range finders in tanks and artillery that are used to zero in on distant targets.

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Posted in * Economics, Politics, China, Defense, National Security, Military, Economy, Foreign Relations, Globalization, Science & Technology

(FT) Ari Emanuel bets AI will boost leisure time with three-day working week

Ari Emanuel, the Hollywood talent agent and sports tycoon, has raised almost $3bn from investors for a new events venture in a bet that artificial intelligence will shrink the working week and give people more free time. 

The world could be “down to four-day work weeks” in the coming years, he told the Financial Times. This could go “down to three with AI” as more people use the technology to expedite everyday tasks, he said. “There’s going to be more free time.” 

MARI, Emanuel’s new company, will house the Madrid and Miami tennis Opens, as well as the Frieze art fairs, which Emanuel bought out of Endeavor, the sports and entertainment group he co-founded. The company announced on Wednesday that it had also agreed to acquire Barrett-Jackson, the collector car auction company, from Endeavor.

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Posted in * Culture-Watch, Economy, Labor/Labor Unions/Labor Market, Science & Technology

(WSJ) Russian Drones Turn the Streets of Kherson Into a Civilian Kill Zone

Yaroslav Pavlivskiy waved his hands as he sprang from his car, pleading for mercy with the operator of a Russian drone circling overhead as he drove home from a market in the southern city of Kherson.

The operator flicked a switch to release a grenade, which exploded and tore into the legs of the 69-year-old pensioner. A passerby used a belt as a tourniquet to stop him from losing too much blood, saving his life.

In the hospital the next day, the doctor showed Pavlivskiy a Russian video of the incident, which was set to techno music and carried a caption: “A drone operator spotted another ‘civilian.’ After reconnaissance, the target was eliminated.”

Russian drone operators have turned daily life in Kherson into a terrifying gauntlet. A year ago, from the other side of the Dnipro River, they began sending drones, in addition to using bombs and artillery, to take potshots at civilians.

Now the attacks have intensified to such an extent that Ukrainian authorities, civilians and human-rights groups say it has become a systematic effort to keep people off the city’s streets under threat of execution from the skies.

Read it all.

Posted in Defense, National Security, Military, Russia, Science & Technology, Ukraine

(NYT) Israel and Hamas on Thursday edged closer to ending their devastating two-year war 

Israel and Hamas on Thursday edged closer to ending their devastating two-year war, agreeing on the initial terms of a deal that could pave the way to an imminent cease-fire and bringing relief to the families of Israeli hostages and to two million Palestinians in Gaza.

The two sides were preparing for an exchange of Israeli hostages for Palestinian prisoners this weekend after reaching an agreement overnight, the culmination of sustained pressure from President Trump and Arab mediators. Mr. Trump suggested that he would travel to the region over the weekend, and Israel’s prime minister, Benjamin Netanyahu, said he had invited him to address Israel’s Parliament.

Though details were scarce, and the text of the agreement had not been made public, it promised at least a cease-fire if not a permanent end to a conflict that has set off a humanitarian catastrophe and widespread hunger in Gaza, battered Hamas militarily and left Israel exhausted and isolated internationally. 

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Posted in Foreign Relations, Israel, Military / Armed Forces, The Palestinian/Israeli Struggle

(Economist) France’s Fifth Republic is in unprecedented turmoil

France has been plunged into a fresh political crisis after Sébastien Lecornu, the newly appointed prime minister, unexpectedly resigned on October 6th after less than four weeks in the job. Mr Lecornu came under intense pressure the moment he unveiled a new minority government on Sunday night, keeping most of the incumbent ministers in big jobs in place. Opposition parties cried foul, and threatened to vote down his government with a no-confidence motion as early as this week. Even his coalition partners on the centre-right said they might quit. Mr Lecornu saw the writing on the wall, and decided to leave rather than be forced out.

France has now lost its fourth prime minister in little over a year, and Mr Lecornu becomes the shortest-serving prime minister under the Fifth Republic. A messy situation is fast turning into a crisis, prompting market worries as well as political uncertainty. On Monday morning the yield on France’s ten-year government bond rose nearly eight basis points to 3.6%, close to its highest level since 2011. The shares of France’s two largest banks fell by over 4%.

President Emmanuel Macron appointed the 39-year-old Mr Lecornu, a close political confidante, on September 9th. The new prime minister promised a “rupture” with the outgoing government, which was toppled by parliament the previous day after nine months in office. But when Mr Lecornu named his new team on October 5th, after weeks of discussion with different parliamentary parties, he kept most of the key ministers in place. It was less a new government than a recycling of the old one.

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Posted in Europe, France, Politics in General

(NYT print edition front page) Sports Bets, by Another Name, Skirt State Bans

Online sports betting is not legal in Minnesota, but that hasn’t stopped Ian White from trading money on the outcomes of N.F.L. games. Mr. White, a special education paraprofessional, said he downloaded Kalshi, a “prediction market” app, after seeing an ad on TikTok. He buys contracts worth $10 a game and has made about $130.

“I do consider Kalshi betting,” he said, “but I love how they get around it by selling futures.”

Kalshi can “get around” state gambling laws because on paper it is not a sports gambling app, like FanDuel or DraftKings. Those kinds of online sportsbooks are banned in 20 states, including Minnesota, California and Texas. Instead, Kalshi is an exchange selling financial products tied to the outcome of sporting events — and, with the tacit approval of the Trump administration, is currently available everywhere in the country.

If you wanted to, for example, wager $100 on a Dallas Cowboys victory this weekend, your experience on FanDuel and Kalshi would look remarkably similar….

Read it all.

Posted in * Culture-Watch, Consumer/consumer spending, Economy, Ethics / Moral Theology, Gambling, Law & Legal Issues, Sports, State Government

(FP) Amit Segal–October 7 Was Israel’s Midlife Crisis

Netanyahu returned to power in December 2022 after only a year and a half, blind to the fact that he was taking control of the state during the most precarious period in a nation’s life: its eighth decade.

Let me explain. The first generation of a country is the one that fought. It had no time for existential dilemmas because it was preoccupied with surviving. The second generation was too busy with state-building to entertain such questions.

But the third and fourth generations—my generation—are those for whom the state is a birthright, already built, paved, and functioning. All the profound existential dilemmas that our grandparents tucked away in the attic have come knocking on our national door. A nation’s eighth and ninth decades almost invariably mark the moment when it tears itself apart over the ultimate question: identity.

The United States, in its ninth decade of existence in the 1860s, emerged as a wonderland unlike any other ever seen. The pursuit of happiness swept across the country. Then, Americans found themselves confronting an unsettling question. How, Americans pondered, is it possible that Thomas Jefferson, the author of the words “All men are created equal,” also owns more than 600 black slaves?

The answer: It is not possible. In the United States, two values collided with devastating force: the right to liberty and the right to property. The American Civil War resolved this clash of two values through bloodshed, claiming over 600,000 American lives, including that of the president.

But America was lucky; it survived. Countries do not always survive their identity wars. We all know the Soviet Union’s fate in its eighth decade.

Against this backdrop, Israel’s five elections in four years, ending with Netanyahu’s return to power at the end of 2022, suddenly come into focus: This was the Israeli civil war.

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Posted in History, Israel, Politics in General

(Economist) A knife-edge moment in the Middle East as peace talks begin

If there were a Nobel prize for trying to will things to become reality, Donald Trump would already be a shoo-in. Since September 29th, when he offered his plan for ending the Gaza war, both Israel and Hamas have said they accept the plan while rejecting key elements of it. Arab leaders are also keen to stress that the text Mr Trump presented was very different from the one he discussed with them five days earlier at the UN. Yet the American president has glossed over those differences: for now, he insists that “countries from all over the world” are on board with his proposal.

Envoys from Israel and Hamas will hope to narrow those gaps when they start indirect talks in Egypt on October 6th. Their goal is to agree on at least the first phase of the plan, which calls for a ceasefire in Gaza, the release of the 48 remaining Israeli hostages and 1,950 Palestinian prisoners, and a surge of humanitarian aid for the beleaguered territory. Then they will need to discuss the second half of Mr Trump’s proposal, which lays out a vision for how to govern and secure Gaza after the war.

That is easier said than done, though, and not only because there are differences between Israel and Hamas. There are also disputes between the Palestinians themselves, and the Palestinians and their Arab backers: they agree that the Trump plan cannot be implemented without changes, but they disagree on what those changes should look like.

Read it all.

Posted in Ethics / Moral Theology, Foreign Relations, Israel, Middle East, Politics in General, The Palestinian/Israeli Struggle

A Prayer for the feast day of Francis of Assisi

Most high, omnipotent, good Lord, grant unto thy people grace to renounce gladly the vanities of this world; that, following the way of blessed Francis, we may for love of thee delight in thy whole creation with perfectness of joy; through Jesus Christ our Lord, who liveth and reigneth with thee and the Holy Spirit, one God, for ever and ever.

Posted in Animals, Church History, Energy, Natural Resources, Spirituality/Prayer

(CSIS) Max Bergmann and Maria Snegovaya: Russia’s War in Ukraine–The Next Chapter 

As of September 2025, Russia’s war in Ukraine has dragged on for three and a half years. Despite nine months of efforts by the United States to end the fighting, there remains no end in sight.

There has been a flurry of activity, from talks in Saudi Arabia to Oval Office meetings, and even a summit in Anchorage between U.S. President Donald Trump and Russian President Vladimir Putin. Europeans have spent nearly a year talking among themselves about providing a peacekeeping force, whenever a ceasefire is reached. Yet despite all this diplomacy, multiple meetings, and countless statements, Russia continues to pummel Ukraine’s cities and engage in a brutal, months-long ground offensive.

Russia believes it is winning the war of attrition—and that it can overpower and outlast Ukraine. Should Russia conclude that it cannot fully “win” and that destroying Ukraine’s military and toppling Ukraine’s democracy is impossible, that does not mean that Moscow will sue for peace. Instead, a next-best option for Russia is likely a forever war, waged at a lower, more sustainable intensity, that would prevent Ukraine from joining the European Union or NATO. This means that the prospects of the Kremlin seeking any diplomatic breakthroughs are extremely low.

Read it all.

Posted in * Economics, Politics, Defense, National Security, Military, Ethics / Moral Theology, Foreign Relations, Globalization, Politics in General, Russia, Ukraine

(FT) Meta to mine AI interactions to help target advertising

Meta will use conversations people have with its chatbots to personalize advertising and content across its platforms, in a sign of how tech companies plan to make money from artificial intelligence.

The owner of Facebook, Instagram and WhatsApp on Wednesday said it would use the content of chats with its Meta AI to create advertising recommendations across its suite of apps.

“People will already expect that their Meta AI interactions are being used for these personalization purposes,” said Christy Harris, privacy and data policy manager at Meta….

Big Tech groups and AI labs have invested billions of dollars in developing and running popular chatbots, but have only recently started to indicate how they will monetise the technology.

Read it all.

Posted in Consumer/consumer spending, Corporations/Corporate Life, Economy, Science & Technology

(Bloomberg) AI Data Centers Are Sending Power Bills Soaring

Data centers are proliferating in Virginia and a blind man in Baltimore is suddenly contending with sharply higher power bills.

The Maryland city is well over an hour’s drive from the northern Virginia region known as Data Center Alley. But Kevin Stanley, a 57-year-old who survives on disability payments, says his energy bills are about 80% higher than they were about three years ago. “They’re going up and up,” he said. “You wonder, ‘What is your breaking point?’”

It’s an increasingly dramatic ripple effect of the AI boom as energy-hungry data centers send power costs to records in much of the US, pulling everyday households into paying for the digital economy.

The power needs of the massive complexes are rapidly driving up electricity bills — piling onto the rising prices for food, housing and other essentials already straining consumers. That’s starting to have economic and political reverberations across the country as utilities and local officials wrestle over how to divvy up the costs. Yet those same facilities are a linchpin of US leadership in the global AI race.

A Bloomberg News analysis of wholesale electricity prices for tens of thousands of locations across the country reveals the effects of the AI boom on the power market with unprecedented granularity. The locations and prices were tracked and aggregated monthly by Grid Status, an energy data analytics platform. Bloomberg analyzed this data in relation to data center locations, from DC Byte, and found that electricity now costs as much as 267% more for a single month than it did five years ago in areas located near significant data center activity.

Read it all.

Posted in Consumer/consumer spending, Corporations/Corporate Life, Economy, Energy, Natural Resources, Science & Technology

(Economist) Donald Trump is waging war on sky-high drug prices. Can he win?

Big Pharma has a big headache: Donald Trump. Lately drugmakers have had to contend with the American president’s pronouncements on everything from vaccines to paracetamol. In the coming days the pain is set to intensify. Intent on lowering prices, Mr Trump has given leading pharma firms until September 29th to comply with an executive order to peg their prices to the lowest charged in other rich countries—a rule he calls “most favoured nation” (MFN) pricing. If they do not, he thundered, they will face “every tool in our arsenal” against “abusive drug pricing”.

At the same time, the president wants to encourage homegrown manufacturing. He plans to impose a 100% tariff on branded drugs from October 1st, unless their makers are building factories in America. His administration is also pondering additional duties under a law allowing imports to be restricted on national-security grounds.

As is often the case, the Trumpian diagnosis contains a kernel of truth. Drug prices are indeed higher in America than elsewhere in the rich world. But the president’s two-point prescription upends a model that has long underpinned the highly globalised pharma industry, which could have unintended effects. It could leave Americans with fewer medicines but not cheaper ones, while in other countries drugs could be fewer and dearer. David Ricks of Eli Lilly, the world’s most valuable drugmaker, has warned that MFN pricing risks “the worst of two worlds”, importing Europe’s sluggish innovation while keeping American prices high.

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Posted in * Economics, Politics, America/U.S.A., Consumer/consumer spending, Drugs/Drug Addiction, Economy, Health & Medicine, Office of the President, Personal Finance & Investing, Politics in General, President Donald Trump

(Church Times) New Westminster Declaration on Christianity in public life encompasses education, gender, and AI

A declaration that “Christian truth and values” belong at the heart of public life in the UK has been launched in the hope that it will attract 100,000 signatures and trigger a debate in Parliament.

The 2025 Westminster Declaration, launched last week, argues for the importance of heterosexual marriage and the “complementarity of men and women”. It also offers warnings about “cancel culture” and artificial intelligence (AI) unchecked by moral reflection.

“By ignoring Britain’s Christian heritage we have endangered human life, weakened society, and created a fragmented nation uncoupled from its formative traditions, and without a unifying vision for its future,” the declaration says.

On marriage, which it defines as being between a man a woman, the declaration calls for a rejection of “ideologies which weaken family ties by falsely claiming that other types of relationship are of equivalent value to marriage”.

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Posted in Anthropology, England / UK, Ethics / Moral Theology, Politics in General, Religion & Culture, Science & Technology

A front page article from yesterday’s NY Times about the nearly intractable problem of homelessness in America–To Get People Off the Street, He Pays for a One-Way Ticket Home

‘[John] Alle handed a flier to a man from San Antonio, who said he couldn’t possibly go home, because that’s where militants had been conspiring to control him and spying on him through tiny holes in the walls. A woman waiting outside a day shelter said she might be willing to go back home to Oklahoma, or maybe it was North Carolina, or wait — maybe it was Tennessee. But first she needed to shower, because it had been three weeks since the last time she bathed.

“Do you think we can help her?” Gibson asked. “Too entrenched,” Alle said. “She needs more than a bus ticket.”

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Posted in * Culture-Watch, City Government, Drugs/Drug Addiction, Ethics / Moral Theology, Politics in General, Poverty, Urban/City Life and Issues