Tiny living (a gentle, left-leaning alternative to hard-edged right-wing survivalism) is a way for people who are already slim to go on dieting. In both its real and imaginary versions, but especially in the latter, it’s invigorating and clarifying. Lack of closet space concentrates the mind, challenging us to reflect on our priorities, or develop some if we don’t have any. In my own life, I’ve noticed in recent years that the pleasures of divestiture ”” of carting stuff off to the thrift store or the dump ”” far exceed the pleasures of acquisition. When I see a photo of a clever loft space perched above a compact, TV-free living room with a cool kitchenette in the corner and views of pine trees, I drift off into an alternate existence where smartphones and antacids have no hold over me.

Is any of this new? Of course not. Back in the 1930s, during the Depression, the businessman and tinkerer Wally Byam founded a company called Airstream. Its signature product, a streamlined RV, was a miracle of miniaturization promising freedom and self-reliance. ”˜”˜I’m here today and gone tomorrow/ I drive away from care and sorrow,’’ reads a vintage postcard from the era that depicts a grumpy bill collector gazing after a departing trailer hitched to a car whose driver wears a huge grin. But Byam’s goals for his homes on wheels weren’t merely escapist; he truly believed that his trailers could save the world, or at least substantially improve it. He organized caravans of the vehicles with the intention, similar to Zach Klein’s, of fostering understanding and togetherness and building, what we now call ”˜”˜community.’’ Humble spaces, smiling faces ”” that was the general notion. And it endures. The American Dream is like that. You think it has receded, that it has died, but really, it’s only downsized.

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Economists at Citigroup argue in a new report that a global recession is now “the most likely outcome” over the next two years.

What exactly do they mean by a global recession?

They point out:

We use the only definition of a recession we know that makes sense when it is used consistently. As stated earlier, we define a recession as a period during which the actual unemployment rate is above the natural unemployment rate or Nairu, or during which there is a negative output gap: the level of actual real GDP is below the level of potential real GDP.

To avoid excessive attention to mini-recessions, the period of excess capacity should have a duration of a year or longer.

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The demolition of St. Martin’s Anglican Church is now a done deal as the North Peace Savings and Credit Union moves forward with plans for of a new three story administrative centre at the location.

Negotiations for purchase of a portion of the site, adjacent to the existing credit union building on 100th Street, began back in 2013 and the demolition followed the removal of hazardous materials.

Read it all. You can read about the final worship service there and you can find the location here.

According to Zillow, renters spent 30.2% of income on rent in Q2, the highest percentage since as far back as the data go (1979).

In comparison, the average between 1995 and 2000 was just over 24%.Los Angeles is tops for unaffordability at 49%, with San Francisco not far behind at 47%. In NYC, renters historically have paid about 25% of income for rent, but that has gone up to 41%. Known for being more affordable than other major cities, the luxury condo market has transformed Miami, and renters there now pay 44.5%.

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Gallup’s Economic Confidence Index is the average of two components: how Americans rate the current economy and whether they feel the economy is “getting better” or “getting worse.” The index’s theoretical maximum is +100, if all Americans rated the economy as positive and improving, while the theoretical minimum is -100, if all Americans rated the economy as negative and getting worse.

Both components were level for the week ending Aug. 9. The current conditions component averaged -6, the result of 24% of Americans rating the economy as “excellent” or “good,” while 30% rated it “poor.” The economic outlook component averaged -18, as 39% of Americans said the economy is getting better while 57% said it is getting worse.

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There’s no place like home,” repeats Dorothy as she taps those famous ruby slippers together. The place to which she so desperately longs to return is Kansas, that little corner of the world she calls home. One might imagine the Depression-era dustbowl of Kansas is no match for the wonders of Oz, but it’s the place she feels rooted, attached and secure.

In literature and in cinema, there is no shortage of heroes’ journeys that end up back where they started. From Odysseus to Bilbo Baggins to Dorothy, wanderlust eventually turns to homesickness and the pull of the familiar overrides the glories of adventure. But what is it about home that’s such a draw? Dorothy’s repeated attempts to return to Kansas are less about the physical place itself and more about the meaning her attachments there bring to her sense of self. What most people seem to long for and grieve while in exile (even if it’s in the Technicolor land of Oz) are the social connections that friends, family and community bring to their sense of belonging.

Barna recently conducted research into this “sense of place,” asking Americans where they live, why they choose to live there and what they love most about the place they call home. We found that although Americans often move for different reasons, the most consistent characteristics that make a place worth staying in are relational.

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The Bishop of Los Angeles has retaliated against clergy and lay members of St James the Great Episcopal Church in Newport Beach, Cal., for having brought misconduct charges against him under the Episcopal Church’s Title IV disciplinary canons, alleges the Save St James the Great coalition.

According to a supplement filed last week to the complaint, (printed below) attorneys for the Rt. Rev. J. Jon Bruno have harrassed witnesses and members of the parish who had brought charges against him. Bishop Bruno is accused of trying to depose the husband of parish vicar the Rev. Canon Cindy Evans Voorhees and seeking legal sanctions for his alleged non-cooperation with his attorney’s demands, and have threatened to bring civil legal charges against those who signed the complaint, accusing them of “malicious prosecution.”

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The people of St. James the Great Church in Newport Beach, California, thought they had their bishop’s long-term support when they moved into the building in October 2013, after the diocese’s long-term property battle with former members who joined the Anglican Church in North America. He was at the ceremony and offered his blessing.

But now they have no building because the Rt. Rev. J. Jon Bruno signed a deal in May to sell it for $15 million to a luxury housing developer. They feel betrayed, and they are fighting back.

In July church members filed a lengthy complaint, or presentment, against the bishop. It charges Bishop Bruno with 147 violations of church law, ranging from conduct unbecoming a bishop to reckless or intentional misrepresentation, under Title IV of church canons.

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Episcopalians formerly associated with a Newport Beach church have filed a formal complaint against a bishop whose actions have paved the way for the church’s waterfront property to potentially become luxury condos.

The complaint, known as a presentment, filed with the national Episcopal church in New York City alleges that Bishop J. Jon Bruno violated church doctrine in May after he put the St. James the Great Episcopal Church’s Lido Village property and two nearby parking lots up for sale to a developer, Legacy Partners Residential, which plans to construct 22 homes there.

Among the 147 canon violations levied in the presentment, dated July 6, are “instances of reckless or intentional misrepresentation, conduct unbecoming a bishop of the church, possible failure to get required diocesan approval for the sale and creating or promoting conflict,” according to a news release from St. James issued Wednesday.

Read it all.

The new charges will add to his recent woes. After the news came out that Bishop Bruno purportedly had arranged a “sweetheart” private deal with a developer — no bids or listing of the property, but just terms worked out with a single buyer who wants to erect a suite of expensive townhomes on the property — he received a letter from the original developer of Lido Isle (the area of Newport Beach where St. James is located), the Griffith Corporation. That letter informed him something he ought to have known already: that the property on which the church stands was gifted to the Diocese for use only for church purposes. Griffith stated that if he went through with the proposed sale, the property would automatically revert back to it.

The letter caused Bishop Bruno to instruct his attorneys immediately to sue the Griffith Corporation for “slander of title” — a rather heavy-handed response to the donor of one’s most valuable property. You can read the complaint and see the original deed of gift at this link — the deed restriction is for real, and the courts enforce them as written.

It will be interesting to watch this scenario play out — whether the Bishop can remain on top of the situation will require that he first rein in his attack dogs, and begin treating donors and parishioners for the valued assets they are. Meanwhile, some useful information is emerging. According to this letter to the Diocesan Standing Committee, Bishop Bruno told the parish that he was trying to recoup the Diocese’s litigation expenses (incurred in suing four former parishes, including the previous congregation of St. James) of Nine Million Dollars. That is five million dollars greater than I had estimated in tallying up all the costs of Church litigation, as reported in this post.

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Nearly seven in 10 millennials, or 69% of those ages 18 to 34, say they have it harder than previous generations in securing a middle-class lifestyle. But the story doesn’t stop at younger Americans feeling they have it harder than older generations. Seventy-seven percent of seniors say that young people today have a harder time achieving a secure middle-class lifestyle compared with their counterparts 20 or 30 years ago. The share of seniors with this view is striking, particularly given that many of them have lived through the Great Depression, World War II, Stagflation, the stock market crash of 1987, and, most recently, the Great Recession.

More than seven in 10 Americans also believe that millennials have it harder when it comes to saving for retirement (81%); owning a home (76%); having a stable, decent-paying job (71%); and having stable, affordable housing (71%).

These are some of the findings from a recent Hart Research survey conducted for the John D. and Catherine T. MacArthur Foundation’s How Housing Matters Initiative. It also found that millennials are concerned about their housing situation and that many have had personal experience with housing distress. This has caused them to re-assess the feasibility of homeownership, with many millennial homeowners considering whether to rent in the future.

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And now — enter God’s poetic justice. It seems that Bishop Bruno, who is as quick as any Episcopal Church diocesan to recognize a Dennis Canon interest in property when he comes across one, forgot about an earlier reversionary interest in the St. James parish property. It turns out that the original developer of the area, Griffith Company, donated in 1945 the land on which the beautiful St. James building was erected, to the Protestant Episcopal Bishop of the Diocese of Los Angeles, upon “the condition, covenant and restriction” that

The property conveyed shall be used for church purposes exclusively and no building other than a church and appurtenances shall be erected, placed or maintained thereon. The foregoing restriction shall be binding upon the [Bishop], his successors and assigns. Upon the breach of the foregoing condition, the title to said property … shall become at once divested from the [Bishop], his successors and assigns, and shall revert and revest in the grantor [Griffith Company], its successors or assigns.

Thus if Bishop Bruno carries out his plans to sell the property to the current developer, the only thing that developer could do with the property is maintain the existing church building on it (or build a brand-new one). And thus there is no way a developer would pay $15 million for land that is so encumbered.

Read it all.

The danger now is that, just as Greece was once a trailblazer in linking a democratic transition to the European project, so it may become an emblem of a new and dangerous process: the disintegration of the EU. The current crisis could easily lead to the country leaving the euro and eventually the union itself. That would undermine the fundamental EU proposition: that joining the European club is the best guarantee of future prosperity and stability.

Even if an angry and impoverished Greece ultimately remains inside the tent, the link between the EU and prosperity will have been ruptured. For the horrible truth is dawning that it is not just that the EU has failed to deliver on its promises of prosperity and unity. By locking Greece and other EU countries into a failed economic experiment ”” the euro ”” it is now actively destroying wealth, stability and European solidarity.

The dangers of that process are all the more pronounced because Greece is in a highly strategic location. To the south lies the chaos and bloodshed of Libya; to the north lies the instability of the Balkans; to the east, an angry and resurgent Russia.

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In the past, many families like the McDowells, whose household income is almost $100,000 a year, would already be nestled in a starter home, maybe even on the cusp of upgrading to something bigger and more expensive on the profits from their first house.

But even as the market continues to improve ”” sales of existing homes in May increased to their highest pace in six years, the National Association of Realtors reported on Monday, and first-timers make up 32 percent of the buyers ”” it is leaving millions of Americans unwillingly stuck in rental housing.

“It’s more of a new normal,” said Robert J. Shiller, an economics professor at Yale University and a Nobel laureate. “We went through a wrenching experience with the biggest housing bubble and the biggest collapse since 1890. This is an anxious time.”

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Congregations vacated St Columba’s Episcopal Church on Glasgow Road in 1996 ”” and since, it has been slowly crumbling away.

But after a photo of the church was posted on social media there have been calls for action to be taken to stop the rot at the town church.

Clydebank photographer Owen McGuigan, who ignited a debate about the church after uploading the snap to Facebook, said: “I just don’t like seeing old buildings, especially churches, which, back in the day were substantially built to last a long time, being left to fall down with neglect.

“In the last 40 years in Clydebank we have lost several churches, all knocked down before their time, some to make way for the Clyde Shopping Centre.”

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Inevitably fragilities remain. Europe is deep in debt and dependent on exports. Japan cannot get inflation to take hold. Wage growth could quickly dent corporate earnings and valuations in America. Emerging economies, which accounted for the bulk of growth in the post-crisis years, have seen better days. The economies of both Brazil and Russia are expected to shrink this year. Poor trade data suggest that Chinese growth may be slowing faster than the government wishes.

If any of these worries causes a downturn the world will be in a rotten position to do much about it. Rarely have so many large economies been so ill-equipped to manage a recession, whatever its provenance, as our “wriggle-room” ranking makes clear…. Rich countries’ average debt-to-GDP ratio has risen by about 50% since 2007. In Britain and Spain debt has more than doubled. Nobody knows where the ceiling is, but governments that want to splurge will have to win over jumpy electorates as well as nervous creditors. Countries with only tenuous access to bond markets, as in the euro zone’s periphery, may be unable to launch a big fiscal stimulus.

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Saddleback Church has launched what leaders are calling its largest and most ambitious plan ever to expand the mega-church’s ministry.

Pastor Rick Warren describes The Daring Faith Campaign as the church’s most faith-stretching, world-impacting and God-honoring plan in 35 years.

“I’m going to stretch your faith, I’m going to challenge it,” Warren told his flock at the campaign’s launch 10 weeks ago. “We don’t grow in comfort. Growth is often uncomfortable. The result is blessing, maturity and answered prayers.”

A week ago, Warren’s congregation responded during his Victory Sermon at the church’s main campus in Lake Forest, pledging to raise $71 million over the next three years to take Saddleback’s reach beyond its already global impact. About $7 million has already come in as cash donations. The Children’s ministry ”“ students from Kindergarten to 6th grade ”“ raised $20,156 by donating more than 600,000 coins. The campaign is Saddleback’s eighth and largest.

Read it all.

Update: Video added June 1

Over the years, the Diocese of Los Angeles moved in a more liberal, revisionist direction but some parishes, including St. James, remained faithful. After my father retired in 1985, the vestry of St. James called a young priest from South Dakota to be their new Rector. The Rev. David Anderson and his lovely wife and children came to sunny California from a much different place. However they brought with them the same faith my father and the people of St. James held. Under Father David’s leadership, St. James grew and became an even more vibrant place of ministry and gospel witness. Healing ministries continued to flourish. New ministries were birthed””“Discovery (a kind of in house “Cursillo”) to introduce new members at St. James to discipleship in Christ, outreach to local rescue missions and jails, and a focus on evangelism through pre-marital and baptismal preparation. Many members of St. James were encouraged to participate in the life of the Diocese, to engage different points of view, and to share their Biblical faith in Christ with both truth and grace. As the congregation expanded, so did the building and facilities. Even after Father Anderson retired from St. James in 2004 to lead the American Anglican Council, St. James remained a place of faithful gospel witness in one of the most affluent areas of the country.

It’s with these memories in mind that I was saddened when I heard what The Episcopal Church was planning on doing with St. James. Like hundreds of other parishes, St. James voted to leave The Episcopal Church in the early 2000’s and was subsequently mired in a protracted lawsuit with The Diocese of Los Angeles. After years of fighting in court, the Diocese won the property. At the time, Bishop Jon Bruno said St. James was for those faithful Episcopalians in the Newport Beach area. So it was surprising when I read this Monday that Bishop Bruno and the Episcopal Diocese of Los Angeles had agreed to sell St. James to a real estate developer. It will be bulldozed to the ground to make room for retail boutiques and condominiums, in keeping with the redevelopment of downtown Newport Beach. No provisions have been made for any sacred space for people of faith to replace this sacred space in the heart of the city.

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The 4,130 square metre Brown Street property housed the city’s successive Anglican bishops until current bishop Greg Thompson chose to reside elsewhere.

The seven bedroom, four bathroom 1929 Bishopscourt is not heritage listed but parts of its grounds are.

Last year, the Anglican Synod gave the greenlight for the Newcastle sale to be considered. At the time Bishop Greg Thompson asked the Synod to consider “the economics of having this property, the suitability of it as the home of the Bishop and family, and the historic sentiment of previous bishops who lived within it.”

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Vicky and Sandhya Bhardwaj are expecting their first child in August. Once their son arrives, the couple will be living dangerously close to their financial edge.

Mr. Bhardwaj’s entire paycheque ”“ he earns $73,000 a year ”“ goes toward the mortgage payments on the four-bedroom, five-and-a-half bathroom Mississauga house they bought in 2011 for $747,000. Mrs. Bhardwaj’s salary of $55,000 covers everything else, from utilities, groceries, and gas and insurance on their cars, to the interest on their two lines of credit and credit card.

“I’ve made a spreadsheet of our expenses ”¦ and right now, we are $1,000 a month short for what we will need to live on, once my wife is on mat leave,” says Mr. Bhardwaj, 39.

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As a Christian who has been living in Guelph for more than 35 years, I know from experience the impact that the Christian community has had. When this work is combined with the efforts of the other faith-based groups, there is no equal that can be found anywhere.

Certainly our city government could never fill this gap. That is why I believe Bishop Bird has confused community planning with the continuation of the Anglican Church’s role when he wrote, “We seek to serve the spiritual needs of citizens and care for those who are most vulnerable through collaborative and compassionate outreach initiatives.” That is community planning.

If a religious organization truly believes this, then they must consider it when selling property once it is no longer of use to the denomination that owns it.

Read it all from the Guelph Record.

To date, we have been relatively silent about the concerns raised by local residents in large part because of our contractual agreement with the proposed developer. But more to the point, our Diocese is in the business of nurturing and building spiritual communities in the Anglican tradition, not in the business of urban planning. For this reason we have been encouraging those with concerns to be in dialogue with the City of Guelph and the developer, both of whom have expressed a willingness to engage in substantive conversation.

For this reason, I strongly disagree with the editorial board’s characterization that there are villains in this story. The Diocese, the developer, members of city council, concerned citizens and others are each playing a role in what has become a very thorough planning process. I continue to have every confidence that the needs and well-being of Guelph citizens will be of primary concern. I am also heartened that the proposed development has sparked a worthwhile conversation about the importance of public space for community purposes, including religious ones.

Even though the story of this property will be different going forward, our ministry ”” both with the re-envisioned St. Matthias community and all our area parishes ”” will continue to further God’s loving purposes throughout the Royal City.

Read it all from the Guelph Record.

One thing going on is that the major lifestyle and utility improvements of the past generation”“really cheap access to communication, information, and entertainment”“are overwhelmingly available to pretty much everyone. On the one hand, this means that recent economic growth assessed in terms of individual utility and well-being is much more equal then when assessed in terms of income. On the other hand, it means that access these benefits seems much more like simply the air we breathe then as a marker of class status, or achievement.

Thus a loss of the ability to securely attain enough of economic security to firmly hold the indicators of what past generations saw as middle-class life shows itself as a loss. And those who focus on security rather than on utility do not see these as offset buy the information revolution.

Read it all and please note it is a follow up to this article previously posted.

The highest-profile seminary in the Episcopal Church is still struggling after turmoil between the dean and faculty members temporarily crippled the school early this academic year.

A letter from 20 students, alumni and former trustees to the Attorney General of New York dated April 20 asks for an investigation of the actions of General Theological Seminary Dean and President Kurt Dunkle and the Board of Trustees. The letter, originally made public on Facebook and reprinted on the blog Episcopal Café, charges that Dunkle and the trustees “may have abandoned their fiduciary responsibilities and taken actions which are likely to result in the closing” of the 198-year-old institution and the sale of its remaining real estate in Manhattan’s Chelsea neighborhood. The letter restates earlier allegations against Dunkle while noting that fallout from the initial turmoil resulted in several students departing midyear, while the board “provisionally” reinstated the faculty only for the rest of the academic year, while canceling their academic tenure.

“No new hires have been announced and several top librarians have left,” the letter reads, claiming that “only one entering student has paid a deposit for admission next fall” and that the seminary’s accreditation by the Association of Theological Schools is under review.

Read it all and follow all the links therein.

Portugal Cove-St. Philip’s Mayor Moses Tucker had to abruptly end Tuesday night’s council meeting when it devolved into yelling, cursing and personal verbal jabs.

As the full house poured out of the council chambers ”” many livid with council’s decision to approve the demolition of the St. Philip’s Anglican church built in 1894 ”” two police officers were on hand in the lobby in case the jabs became physical.

Several residents who wanted to attend the meeting were locked out, as the town wouldn’t allow more than 50 people in the room, citing fire regulations.

The Anglican church building became the centre of contention in the town in 2010 when the steeple was toppled after being partially sawed off in the middle of the night. Church officials wanted to tear down the building, and the group Church by the Sea Inc. wanted to turn it into a museum.

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Lacker, president of the Federal Reserve Bank of Richmond, which includes the Palmetto State, got a first-hand look at the Boeing juggernaut during a two-day visit to the Charleston area last week.

“It’s really impressive,” he said. “What I don’t think is broadly known is the extent of which … they’ve added to what was just a manufacturing and assembly facility, and this looks now to be a bigger part of Boeing’s future than it looked a couple of years ago. So I think that speaks well for Charleston’s economic capabilities and for its work force … because they’ll tell you … the biggest uncertainty about the whole venture down here was whether they could attract enough of a work force to do the things they can do up in Puget Sound. They’ll tell you they succeeded.”

Aside from Boeing’s growth, Lacker has witnessed other sea changes since his last official visit to the Holy City. In 2009, the Fed was still cutting interest rates to jump-start the then-wounded economy. Now, some believe the time is finally ripe to start raising them again.

Read it all from the local paper

The global economy was more likely to enjoy a reasonable recovery over the next two years benefiting from recent falls in energy prices and exchange rate movements, the International Monetary Fund said on Tuesday.

The twice-yearly forecasts show India is expected to outperform China in growth for the first time in 16 years.

Although the fund has recently told countries they “could do better” to improve medium-term prospects, the World Economic Outlook is the first since 2011 to suggest economies are putting the 2009 financial crisis behind them.

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Tumbling interest rates in Europe have put some banks in an inconceivable position: owing money on loans to borrowers.

At least one Spanish bank, Bankinter SA, the country’s seventh-largest lender by market value, has been paying some customers interest on mortgages by deducting that amount from the principal the borrower owes.

The problem is just one of many challenges caused by interest rates falling below zero, known as a negative interest rate. All over Europe, banks are being compelled to rebuild computer programs, update legal documents and redo spreadsheets to account for negative rates.

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Living with roommates is practically a rite of passage in New York City. It often begins with far too many people sharing too little space and ends with a move into an apartment of one’s own, or with that special someone.

But with rents reaching new highs, single 20-somethings are not the only ones looking for someone with whom to share the rent. Couples are living with roommates even after they’ve tied the knot.

“If we were in Iowa, it would be weird,” said Josh Jupiter, 28, who, with his wife, Isabel Martín Piñeiro, 26, recently posted an ad on SpareRoom.com seeking a roommate to share the two-bedroom, one-bath apartment they rent in Bedford-Stuyvesant, Brooklyn. “If we were in Michigan, it would be weird. In New York City, it’s like, ”˜How many people can you cram into an apartment, married or not?’ We live in one of the most expensive cities in the world.”

Sure, it may sound like the makings of a reality TV show. And there are plenty of ways to cut housing costs other than taking on a roommate. But couples like Mr. Jupiter and Ms. Piñeiro say they would rather relinquish a spare room than contend with an extra-long commute, a smaller place or a less desirable area.

Read it all from the New York Times.

Median per capita income has basically been flat since 2000, adjusted for inflation. The typical American family makes slightly less than a typical family did 15 years ago. And while many goods have become cheaper or better, the price of three of the biggest middle-class expenditures ”“ housing, college and health care ”“ have gone up much faster than the rate of inflation.

Equally important, Mr. Hirschl found a high degree of income volatility among most Americans in the four decades between 1969 and 2011. At some point in their working lives, a full 70 percent earned enough to put them in the top fifth of earners, and as many as 30 percent reached the equivalent of $200,000 in 2009 dollars, or roughly the top 4 percent.

Similarly, nearly 80 percent will at least temporarily plunge into a red zone, where their income drops near or below the poverty line, or they are compelled to gain access to a social safety net program like food stamps or collect unemployment insurance. More than half of Americans ages 25 to 60 will experience at least one year hovering around the poverty line.

Read it all (my emphasis).