The Bishop of Birmingham, Rt Revd David Urquhart, has issued the following response to the Chancellor’s Autumn Statement:

Bishop David said: “The political turbulence of the past year and lower growth forecasts have meant the Chancellor has been given limited economic room for manoeuvre. But I welcome the emphasis in the Autumn Statement on long term stability, investment in innovation, in our national infrastructure and on supporting regional growth. To be a nation living within its means is an aspiration worth keeping, even if the revised figures for deficit reduction mean that the goal of its achievement has been moved slightly further away.

The Government is to be commended for wanting to address the situation of those who are ‘just managing’ and for its emphasis on work as being an important route out of poverty. The increases in the National Living Wage and a partial reversal of planned cuts to Universal Credit announced in today’s Autumn Statement are welcome and will offer some help. But at a time when the cost of living is set to rise, more on the lowest incomes will still struggle to get by and they might benefit from more targeted assistance than further increases in the tax free personal allowance, which mostly benefits better off families, as the recent report by the Centre for Social Justice points out.

As the Joseph Rowntree Foundation have highlighted, the four-year freeze on working-age benefits is looking increasingly out of date, especially with rising inflation.

Read it all.

The United States is one of the richest countries in the world, but it would look dramatically different if its 50 states were organized according to income instead of geography.

If that were the case, residents of the poorest state in the union would have a median household income that’s just above the federal poverty line for a family of four. They would also expect to live shorter lives than people in more than half of the world’s countries.

It’s not a pretty picture, according to the researchers who carried out this thought experiment.

Read it all.

Being childless has allowed me to invest in myself.

Right now, most 50-somethings are cashing out their savings to send their kids to college.

And a great deal more are paying for their kids’ weddings, embracing grandkids, or supporting Millennial children who are returning to the nest.

Me? Let’s just say my life doesn’t exactly fit into the typical mold.

Read it all.

The combined debt held by U.S. public pension plans will top $1.7 trillion next year, according to a just-released report from Moody’s Investors Services.

This “pension tsunami” has already forced towns like Stockton, California and Detroit, Michigan into bankruptcy. Perhaps no government mismanaged their pension as badly as Puerto Rico, where a $43 billion pension debt forced the commonwealth to seek protection from the federal government after having defaulted on its obligations to bondholders ”” a default which is expected to spread to retirees in the form of benefit cuts.

While the disastrous outcome of Puerto Rico’s pension plan ”” which is projected to completely run out of assets by 2019 ”” represents the worst-case scenario, the same series of events that led to its demise can be found in most public pension plans nationwide.

Read it all.

…the racism and anxiety that Mr Trump has exploited are, I believe, manifestations of an even deeper pathology ”” namely, the profound sense of unease that many Americans have about their lives. That unease often takes the form of resentment against elites, but, even more troublingly, it also funds the prejudice against minority groups and immigrants.

Resentment is another word for the unease that seems to grip good middle-class ”” mostly white ”” people who have worked hard all their lives and yet find that they are no better off than when they started. They deeply resent what they interpret as the special treatment that some receive in an effort to right the wrongs of the past.

All this is happening at the same time as the Church ”” at least, the mainstream Church ”” is struggling against a culture of consumption. Americans find that they have no good reason for going to church. The statistical decline of Christians has led some church leaders to think that our primary job is to find ways to increase church membership. At a time when Christians are seeking to say something confident and useful about “church growth”, what we communicate is superficial and simplistic. You do not need to come to church to be told that you need to be nice.

The Church has failed to help people to live in such a manner that they would want no other life than the life they have lived….

Read it all.

They are the comfortable and well-educated mainstay of our modern Democratic party. They are also the grandees of our national media; the architects of our software; the designers of our streets; the high officials of our banking system; the authors of just about every plan to fix social security or fine-tune the Middle East with precision droning. They are, they think, not a class at all but rather the enlightened ones, the people who must be answered to but who need never explain themselves.

Let us turn the magnifying glass on them for a change, by sorting through the hacked personal emails of John Podesta, who has been a Washington power broker for decades. I admit that I feel uncomfortable digging through this hoard; stealing someone’s email is a crime, after all, and it is outrageous that people’s personal information has been exposed, since WikiLeaks doesn’t seem to have redacted the emails in any way. There is also the issue of authenticity to contend with: we don’t know absolutely and for sure that these emails were not tampered with by whoever stole them from John Podesta. The supposed authors of the messages are refusing to confirm or deny their authenticity, and though they seem to be real, there is a small possibility they aren’t.

With all that taken into consideration, I think the WikiLeaks releases furnish us with an opportunity to observe the upper reaches of the American status hierarchy in all its righteousness and majesty.

Read it all.

I will take comments on this submitted by email only to KSHarmon[at]mindspring[dot]com.

With the presidential election looming, more Americans cite the economy (17%) than any other issue as the most important U.S. problem in October, followed by dissatisfaction with the government (12%). Americans’ concerns about the major problems facing the country are largely consistent with what they have been throughout 2016.

Read it all.

In the Shubra al-Kheima neighborhood of Cairo, Sharouk, 20, has had two engagements broken off by her prospective grooms’ families. The reason: She couldn’t afford to buy kitchen appliances.

In Sharouk’s working-class community, the groom is responsible for the apartment and furniture, while the bride provides a refrigerator, stove and washing machine. The engagement is sealed with a gift of gold jewelry from the groom to the bride.

The soft-spoken young woman has worked in a nearby factory since she was 12. But Sharouk’s earnings of about $50 a month are buying less and less. And she is still helping her widowed mother, Samiha, pay off debts from money they borrowed for the marriages of her sister and brother.

Read it all.

For a storm that inflicted less damage than many had feared, Hurricane Matthew nevertheless impaired or destroyed more than 1 million structures, forced businesses from Florida to North Carolina to close and put thousands temporarily out of work.

In many affected areas, small-business owners were still assessing the damage.

“I’ve never had anything like this in 12 years of business,” said Ami Zipperer, who has two garden supply stores in the Savannah, Georgia, area.

Read it all.

The U.S. health-care system remains among the least-efficient in the world.

America was 50th out of 55 countries in 2014, according to a Bloomberg index that assesses life expectancy, health-care spending per capita and relative spending as a share of gross domestic product. Expenditures averaged $9,403 per person, about 17.1 percent of GDP, that year ”” the most recent for which data are available ”” and life expectancy was 78.9. Only Jordan, Colombia, Azerbaijan, Brazil and Russia ranked lower.

The U.S. has lagged near the bottom of the Bloomberg Health-Care Efficiency Index since it was created in 2012. Hong Kong and Singapore ”” consistently at the top ”” are smaller countries with less diverse populations. Their governments also play a stronger role in regulating and providing care, with spending per capita averaging $2,386 and longevity averaging about 83 years.

Read it all.

In 2013 the Archbishop of Canterbury, Justin Welby, declared war on Wonga and other payday lenders crucifying borrowers with 5,000% interest loans. Three years later it looks as if his prayers may have been answered.

CFO Lending, which was fined £34m this week by the Financial Conduct Authority, is just the latest operator brought to its knees by regulators punishing bad lending behaviour. CFO, which traded under brand names Payday First, Money Resolve and Flexible First, will have to hand money back to nearly 100,000 victims of its unfair practices.

Citizens Advice said complaints about payday loans have collapsed by 86% between 2013 and 2016. But campaigners warn that the industry is reinventing itself with still “eye-watering” interest rates on three-month loans aimed at people earning less than £20,000 a year on insecure work contracts.

Read it all.

I’ve been reading a lot about a “recovering” economy. It was even trumpeted on Page 1 of The New York Times and Financial Times last week.

I don’t think it’s true.

The percentage of Americans who say they are in the middle or upper-middle class has fallen 10 percentage points, from a 61% average between 2000 and 2008 to 51% today.

Ten percent of 250 million adults in the U.S. is 25 million people whose economic lives have crashed.

Read it all.

(Hat Tip: @MaxCRoser+ourworldindata.com)

The eye-popping improvement in economic fortunes last year raises the question: If incomes are up and poverty is down, why is Donald J. Trump’s message of economic decay resonating so broadly?

The answer is in plain sight. While the economy finally is moving in the right direction, the real incomes of most American households still are smaller than in the late 1990s. And large swaths of the country ”” rural America, industrial centers in the Rust Belt and Appalachia ”” are lagging behind.

“We ain’t feeling too much of all that economic growth that I heard was going on, patting themselves on the back,” said Ralph Kingan, the mayor of Wright, Wyo. “It ain’t out in the West.”

Read it all.

Bishop of the Diocese of Kaduna, Anglican Communion, Reverend Timothy Yahaya, has lamented the high cost of living Nigerians are presently going through.

He noted that the present hardship was biting hard on the masses, stressing that it was further made worse due to the sharp increase in the price of Premium Motor Spirit (PMS).

Reverend Timothy observed that Nigerian economy was fuel driven; therefore any hike in fuel would have an immidiate effect on virtually every aspect of everyday life in the country.

Read it all.

“I just bootleg the gospel,” Howard Butt Jr. told 1,500 Baptist men in Fort Worth, Texas, in 1954. Butt meant he had no license to preach, but that didn’t stop him from doing it. The 89-year-old well-known author and speaker, as well as creator of the Laity Lodge Retreat Center, passed away yesterday evening from complications related to Parkinson’s.
“Howard was a mentor, a motivator, and a model servant whose mind and heart were profoundly poured out on me at a most critical time,” said Christianity Today International president and CEO Harold Smith.
“His words of exhortation and encouragement to both my wife and me during a challenging first year of executive leadership offered us the assurances of God’s watchcare and direction””even in an industry experiencing such tumultuous change,” Smith stated. “Truly, the power of Howard’s presence in word and deed has left a God-anointed legacy that will inspire me and the entire CT team for years to come.”

Read it all.

Obamacare failed because it flunked Economics 101 and Human Nature 101. It straitjacketed insurers into providing overly expensive, soup-to-nuts policies. It wasn’t flexible enough so that people could buy as much coverage as they wanted and could afford ”” not what the government dictated. Many healthy people primarily want catastrophic coverage. Obamacare couldn’t lure them in, couldn’t persuade them to buy on the chance they’d get sick.

Obamacare failed because the penalties for going uncovered are too low when stacked against its skyrocketing premium costs. Next year, the penalty for staying uninsured is $695 per adult, or perhaps 2.5 percent of a family’s taxable household income. That’s far less than many Americans would pay for coverage. Financial incentive: Skip Obamacare….

Obamacare failed because it hasn’t tamed U.S. medical costs. Health care is about supply and demand: People who get coverage use it, especially if the law mandates free preventive care. Iron law of economics: Nothing is free; someone pays. To pretend otherwise was folly. Those forces combined to spike the costs of care, and thus insurance costs.

Read it all.

It is eerie and depressing to read Vance’s account of his mother”“a drug addict in and out of rehab, with a series of husbands and boyfriends rotating in and out of the house. He describes a close relative as “a classic welfare queen.” He writes about 9-month-old babies being fed Pepsi in their bottles, and the abuse of food stamps he saw as a cashier at the local grocery store. All of these things were clichés deployed by Ronald Reagan, and dismissed by liberals, when he railed against poverty and welfare in 1980. But the conservative belief that the underclass was caused by federal antipoverty programs is clearly insufficient too. Vance makes it clear that the problem is profoundly cultural, a consequence of wanton commercialism, the loosening of moral standards and a lack of rigorous training for young men. Vance was saved by the Marine Corps and the support of a single loving adult, his grandmother.

Hillbilly Elegy makes the current political dialogue seem fatuous. Both parties are incapable of discussing the real sources of our national dyspepsia, or how to deal with them. Forces like the global economy, racism and federal programs that cultivated dependency have all been part of the problem. But what we have now is something different: a bottom-up crisis of individual responsibility, largely beyond the reach of public policy. Indeed, some of the “solutions” proposed by each of the parties are likely to make things worse.

Read it all.

When Kyle Schwartz started teaching third grade at Doull Elementary School in Denver, she wanted to get to know her students better. She asked them to finish the sentence “I wish my teacher knew.”

Read it all.

Elsa Moluf, 26, an Ada graduate, said the terrorist attacks of Sept. 11, 2001, still resonated when she thought about personal safety ”” a feeling compounded recently by a shooting on a Seattle street in broad daylight only a few feet from her. “In the era of terrorism, I think about stuff like, ”˜If I go to this crowded festival, what are the chances,’ ” she said.

Baby boomers, to whom millennials are often compared ”” if only by the force of their numbers ”” also reached adulthood amid tumult and angst, during the Vietnam War and the struggle for civil rights. But people now in their 20s and 30s say that the 1960s were different, that there seemed to be a clearer goal then ”” to end racial segregation, poverty or the war. The economy seemed better and the nation’s future more assured.

Now, from niche anxieties like genetically modified crops to defining ones like climate change, questions feel open-ended and unprecedented: Is the food we eat still food? How do you get your head around a threat to the entire planet?

Read it all.

Banning resident Jim Bailey and his wife went in recently for their annual physicals. They came away with hundreds of dollars in charges for co-pays and tests.

Bailey, 78, told me that he feels duped.

“The Affordable Care Act dictates that all annual physicals be provided at no cost to the policyholders ”” no deductibles or co-pays,” he said. “But that wasn’t the case with us.”

Nor will it be the case with anyone else ”” even though many Americans believe otherwise.

Read it all.

It’s the indirect costs that are high; if anyone wonders why so many of our career politicians are cynics with deep contempt for the public they serve, years of fawning over dumb rich people, pretending to take their silly ideas seriously, assuring each of them that you aren’t like the other stupid rich people, no, you are special, you are smart, and our ten minutes a year friendship punctuated by check writing is deep and sincere””all this tends to corrode the soul. Having a political class who subsist on exploiting the character weaknesses and insatiable narcissism of dilettante plutocrats isn’t the best way to cultivate an ethos of responsibility and patriotism at the highest levels of government.

The fatheaded stupidity of rich liberals is the subtext of the hacked emails: how easily they are exploited, how gullible their vanity makes them, how pathetically eager they are for the hollow satisfaction of a seat next to the powerful. In one sense it’s refreshing: great wealth does not in fact make a nincompoop powerful. Also, it suggests that the real problem with our republic is that what should be our leadership elite is soul-sick: vain, restless, easily miffed, intellectually confused, jealous”¦

The sense that people like this””a mix of knaves and fools””are running both parties has a lot to do with the anger that fueled both the Sanders and the Trump campaigns. There’s a spiritual disease at work in this, and over time it has the ability to wreck not just individual souls, but our free institutions and the rule of law itself.

Read it all (my emphasis).

I will take comments on this submitted by email only to KSHarmon[at]mindspring[dot]com.

America’s widening income divide is contributing to the rise of unmarried parents, new research shows.

A study led by Andrew J. Cherlin, professor of public policy at Johns Hopkins University, finds men and women in counties with greater income inequality were less likely to marry before having a child. The finding pertained mostly to those who hadn’t graduated from college.

Prof. Cherlin and his co-authors concluded that a lack of jobs in the middle of the labor market was the main reason these young adults were delaying marriage and moving straight to having children. The paper was published in the American Sociological Review.

Read it all from the WSJ.

The nexus between Big Government, Big Money, Big Influence, and Big Media is sometimes empowered by familial journalistic continuity (e.g., John Dickerson, son of Nancy Dickerson) or a second generation of fashion/glitz and media (Gloria Vanderbilt and Anderson Cooper), but again is increasingly expressed in the corridor “power couple,” the sorts who receive sycophantic adulation in New York and Washington monthly magazines. The Andrea Mitchell/Alan Greenspan power marriage was hailed as a threefer of media, government, and money. What was so strange, however, was just how often wrong were Mitchell in her amateurishly politicized rants and Greenspan in his cryptic Delphic prophecies ”” and always in areas of their supposedly greatest expertise.

Take also the Obama Cabinet. When we wonder how Susan Rice could go on television on five occasions in a single day to deceive about Benghazi; or John Kerry ”” in the middle of a war whose results Obama would come to call a “stable” and “self-reliant” democratic Iraq ”” could warn American youth that the punishment for poor school performance was “to get stuck in Iraq”; or Jay Carney (now senior vice president of global corporate affairs at Amazon) and Josh Earnest could both repeatedly mislead the country on Benghazi, the reason may be not just that they felt their influence, status, and privilege meant they were rarely responsible for the real-world consequences of their own rhetoric, but that they had forgotten entirely the nature of middle-class America, or never really knew it at all.
I get the impression that members of the D.C. elite do not wait in line with a sick kid in the emergency room on a Saturday night, when the blood flows and the supporters of rival gangs have to be separated in the waiting room; or that they find dirty diapers, car seats, and dead dogs tossed on their lawns, or wait two hours at the DMV, or are told that their journalistic assignment was outsourced to India, or read public-school teachers’ comments on their kids’ papers that were ungrammatical and misspelled to the point of being incomprehensible. The elite seems to be ignorant that, about 1975, Bedford Falls flyover country started to become Pottersville.

In forming perceptions about Benghazi, the Iran deal, globalization, or illegal immigration, it is sometimes hard to know who is making policy and who is reporting and analyzing such formulations ”” or whether they are one and the same. National Security Advisor Susan Rice is married to former ABC television producer Ian Cameron. Ben Rhodes, who drew up the talking-points deceptions about Benghazi and seemed to boast of deceiving the public about the Iran deal, is the brother of CBS News president David Rhodes. Will 60 Minutes do one of its signature hit pieces on Ben Rhodes?

Secretary of State John Kerry ”” who famously docks his yacht in Rhode Island in order to avoid paying Massachusetts taxes on it ”” is married to Teresa Heinz, the billionaire widow of the late senator and catsup heir John Heinz. Former Obama press secretary Jay Carney married Claire Shipman, senior national correspondent for ABC’s Good Morning America; his successor, Josh Earnest, married Natalie Wyeth, a veteran of the Treasury Department. Huma Abedin, Hillary Clinton’s “body woman,” is married to creepy sexter Anthony Weiner; perhaps she was mesmerized by his stellar political career, his feminist credentials, and his tolerant approach to deviancy? And on and on it goes.

These Christiane Amanpour/Jamie Rosen or Samantha Power/Cass Sunstein types of connections could be explored to the nth degree, especially their moth-to-the-flame progressive fixations with maximizing privilege, power, and class. But my purpose is not to suggest some conspiratorial cabal of D.C. and New York insiders, only to note that an increasing number of government and media elites are so entangled with each other, leveraging lucrative careers in politics, finance, and the media, and doubling their influence through marriage, that they have scant knowledge of and less concern for the clingers who live well beyond their coastal-corridor moats. And so when reality proves their preconceptions wrong ”” from Benghazi to Brexit ”” they have only outrage and disdain to fall back on.

Read it all.

I will take comments on this submitted by email only to KSHarmon[at]mindspring[dot]com.

As technologies and methods advanced, workers in all industries became able to produce much more value in a shorter amount of time. You’d think this would lead to shorter workdays.

But the 8-hour workday is too profitable for big business, not because of the amount of work people get done in eight hours (the average office worker gets less than three hours of actual work done in 8 hours) but because it makes for such a purchase-happy public. Keeping free time scarce means people pay a lot more for convenience, gratification, and any other relief they can buy. It keeps them watching television, and its commercials. It keeps them unambitious outside of work.

We’ve been led into a culture that has been engineered to leave us tired, hungry for indulgence, willing to pay a lot for convenience and entertainment, and most importantly, vaguely dissatisfied with our lives so that we continue wanting things we don’t have. We buy so much because it always seems like something is still missing….

Read it all.

Prescription drug prices continue to climb, putting the pinch on consumers. Some older Americans appear to be seeking an alternative to mainstream medicines that has become easier to get legally in many parts of the country. Just ask Cheech and Chong.

Research published Wednesday found that states that legalized medical marijuana ”” which is sometimes recommended for symptoms like chronic pain, anxiety or depression ”” saw declines in the number of Medicare prescriptions for drugs used to treat those conditions and a dip in spending by Medicare Part D, which covers the cost on prescription medications.

Because the prescriptions for drugs like opioid painkillers and antidepressants ”” and associated Medicare spending on those drugs ”” fell in states where marijuana could feasibly be used as a replacement, the researchers said it appears likely legalization led to a drop in prescriptions. That point, they said, is strengthened because prescriptions didn’t drop for medicines such as blood-thinners, for which marijuana isn’t an alternative.

Read it all.

Premiums for health plans sold through the federal insurance exchange could jump substantially next year, perhaps more than at any point since the Affordable Care Act marketplaces began in 2013.

An early analysis by the Kaiser Family Foundation shows that proposed rates for benchmark silver plans ”” the plans in that popular tier of coverage that determine enrollees’ tax subsidies ”” are projected to go up an average of 10 percent across 14 major metropolitan areas.

Read it all.

Jason Carrier, a pastor at Southgate Baptist Church, which, like Mr. Drewery’s church, is in Springfield, Ohio, is trying to help his church start a “grace-based lending” program that worshipers can use in place of payday lending. The program would direct any fees charged above the principal into savings accounts for the borrower, not into lenders’ pockets.

“In conjunction with a credit union, the money ”” for lack of a better word, we’ll call it interest ”” goes into a savings account, so they are learning to save money,” Mr. Carrier said. “To use the service, you have to take some classes, and you have a financial coach that will help you and walk with you along the way.”

Mr. Carrier’s church has already tested its program with several needy members. Ultimately, he said, he would like to directly challenge the payday lenders. “We’d like to have a storefront, just like your Check ’n Gos, but with space in the back for classes and financial coaching.”

Read it all.

The Just Finance Network, formerly known as the Church Credit Champions Network (CCCN), has proposed a nationwide roll out of ”˜credit champions’ to help people manage money and debt.

The scheme has already been piloted in churches in London, Southwark and Liverpool and has trained more than 260 volunteers. Organisers believe it is now ready to go nationwide.

Of the Church Credit Champions Network, the Bishop of Liverpool, the Rt Rev Paul Bayes, said that desperate people had been exploited by unscrupulous credit providers locking them into a crippling spiral of debt.

Read it all (may require subscription).

A discussion paper ‘Thinking Afresh About Welfare’ has been released today by the Church of England.

The paper, by Rev Dr Malcolm Brown, Director of the Mission and Public Affairs Division of Archbishops’ Council, was endorsed by the May meeting of the House of Bishops as a discussion document.

Read it all and follow the link for the full paper.