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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
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No wonder American confidence in the future is evaporating. And when confidence crumbles, consumers won't spend, lenders won't lend, investors won't invest, and businesses won't hire.
Today we see businesses husbanding cash rather than hiring. Nonfinancial S&P 500 companies are sitting on a record $837 billion. Personal savings are increasing dramatically, to over 6% of income today compared to barely 1% in 2005. Those small businesses still willing to take on more debt to expand are having tremendous difficulty finding credit.
Read it all.
Filed under: * Economics, Politics Economy Corporations/Corporate Life Labor/Labor Unions/Labor Market The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- The U.S. Government Federal Reserve Politics in General House of Representatives Office of the President President Barack Obama Senate
Under Bishop Jefferts Schori, ECUSA did not just passively stand by as the property disputes emerged, and allow the diocese involved to carry the laboring oar. It aggressively prosecuted the cases in both California and Virginia, joined in filings in Connecticut, Georgia and New York (where it intervened as the DFMS against St. Andrew's, in Syracuse, and filed an amicus brief in this case in New York's highest court), became enmeshed in additional litigation in San Diego and Colorado, and threatened litigation against the dioceses of San Joaquin, Fort Worth and Quincy if they dared to withdraw from the Church. (The latter two threats were issued by the Presiding Bishop's Chancellor on his own initiative, as discussed in this earlier post.)
There are no records in the minutes of the Executive Council during this period to show that it was ever consulted before any of these multiple filings in the name of the Church took place; as quoted in the previous post, the Presiding Bishop held the view that only she personally, and neither the Council, nor even General Convention, had any authority over litigation. Thus she simply gave her Chancellor free rein -- and ECUSA's legal bills began to mount exponentially.
Read it all (and please note it is part of a series all parts of which need to be perused).
Filed under: * Anglican - Episcopal Episcopal Church (TEC) Presiding Bishop Katharine Jefferts Schori TEC Bishops TEC Conflicts TEC Conflicts-Quincy TEC Conflicts: Fort Worth TEC Conflicts: Pittsburgh TEC Conflicts: San Joaquin TEC Departing Parishes TEC Data * Christian Life / Church Life Parish Ministry Stewardship * Culture-Watch Law & Legal Issues * Economics, Politics Economy Corporations/Corporate Life * Theology Ethics / Moral Theology Pastoral Theology
Manjorin, who previously was a computer disaster recovery specialist and business continuity planner at IBM, is no stranger to how the recession is making people adjust their habits.
He explained that the group helps members out with what they labeled as the "elevator speech," which emphasizes saying your name at the beginning and end of the speech, as well as keeping your work details within a 30-second timeframe to pitch to potential employers.
Read it all.
Filed under: * Culture-Watch Blogging & the Internet --Social Networking * Economics, Politics Economy Consumer/consumer spending Housing/Real Estate Market Labor/Labor Unions/Labor Market Personal Finance The Credit Freeze Crisis of Fall 2008/The Recession of 2007--
3) Payroll tax cut for $400 billion in early 2009 would have been better than Obama’s $862 billion plan.
4) Any short-term tax cut should be coupled with long-term deficit reduction plan.
Read it all.
Filed under: * Economics, Politics Economy Consumer/consumer spending Corporations/Corporate Life Housing/Real Estate Market Labor/Labor Unions/Labor Market Taxes The U.S. Government Politics in General Office of the President President Barack Obama
Any of these steps would increase the budget deficit, obviously. But relative to the multitrillion-dollar, Medicare-driven, long-term deficit, a temporary tax cut costing a couple of hundred billion dollars isn’t significant. The more pressing problem today, by far, is the weak economy.
The great historical lesson of financial crises is that governments are usually not aggressive enough in responding. That was Japan’s mistake in 1990s, Herbert Hoover’s in the early 1930s and even Franklin Roosevelt’s in the mid-1930s.
Read it all.
Filed under: * Culture-Watch History * Economics, Politics Economy Consumer/consumer spending Corporations/Corporate Life Housing/Real Estate Market Labor/Labor Unions/Labor Market Personal Finance The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- The U.S. Government Politics in General House of Representatives Office of the President President Barack Obama Senate
But it has been an untold history. It just wasn't something people wanted to talk about 35 years ago. Jan Herman, a historian with the U.S. Navy Medical Department, says people wanted to forget the Vietnam War.
"It was a time to forget a very unhappy war and to move on. And so the story of the Kirk, as good as it was, was kind of left in the dust. No one really looked at it," he says.
Read or listen to it all.
Filed under: * Culture-Watch History * Economics, Politics Defense, National Security, Military * International News & Commentary Asia
Read it all.
Filed under: * Culture-Watch Law & Legal Issues * Economics, Politics Foreign Relations Politics in General Terrorism * International News & Commentary Africa Libya America/U.S.A. England / UK --Scotland
Chelsea Nelson, 21, started two weeks ago as a waitress at a truck stop in Mountainburg, Ark., making around $7 or $8 an hour, depending on tips, ending a lengthy job search that took her young family to California and back.
Both are ostensibly economic success stories, people who were able to find work in a difficult labor market. Ms. Ing’s employer, Home Instead Senior Care, a company with franchises across the country, has been aggressively expanding. Ms. Nelson’s restaurant, Silver Bridge Truck Stop, recently reopened and hired about 20 people last month in an area thirsty for jobs.
Both women, however, took large pay cuts from their old jobs — Ms. Ing worked in the office of a wholesale tuxedo distributor; Ms. Nelson used to be a secretary. And both remain worried about how they will make ends meet in the long run.
Read it all.
Filed under: * Economics, Politics Economy Corporations/Corporate Life Labor/Labor Unions/Labor Market The Credit Freeze Crisis of Fall 2008/The Recession of 2007--
In short, there has been substantial progress on the things development efforts can touch most directly: economic growth, basic security, and political and legal institutions. After the disaster of the first few years, nation building, much derided, has been a success. When President Obama speaks to the country on Iraq, he’ll be able to point to a large national project that has contributed to measurable, positive results.
Of course, to be honest, he’ll also have to say how fragile and incomplete this success is. Iraqi material conditions are better, but the Iraqi mind has not caught up with the Iraqi opportunity.
Read it all.
Filed under: * Economics, Politics Defense, National Security, Military Foreign Relations Iraq War Politics in General * International News & Commentary America/U.S.A. Asia Afghanistan Middle East Iraq
Nouri Maliki said the country's security forces would now deal with all threats, domestic or other.
Read it all.
Filed under: * Economics, Politics Defense, National Security, Military Foreign Relations Iraq War * International News & Commentary England / UK Middle East
Of the five million British servicemen who went out to fight in the European trenches, 1.5 million came back with permanent injuries and disfigurements; others were traumatized in less immediately obvious ways. Taking stock, the Illustrated London News wrote at the time that the war had "destroyed millions of men, broken millions of lives, ruined great cities and hamlets"; it had left "a belt of earth ravaged, crowded the world with maimed men, blind, mad, sick men, flinging empires into anarchy." Those who did return, anticipating the "land fit for heroes" promised by the British Prime Minister Lloyd George, found that neither glory nor reward were forthcoming. The economy had collapsed, jobs were scarce and housing was in short supply. Once the euphoria following the Armistice had run its course, the silence that descended when the guns finally stopped was largely one of stunned bewilderment.
Read it all.
Filed under: * Christian Life / Church Life Parish Ministry Death / Burial / Funerals * Culture-Watch Books History * Economics, Politics Defense, National Security, Military * International News & Commentary England / UK
Building close to Ground Zero disregards the passions, grief and preferences not only of most of the families of September 11th but, because we are all the families of September 11th, those of the American people as well, even if not the whole of the American people. If the project is to promote moderate Islam, why have its sponsors so relentlessly, without the slightest compromise, insisted upon such a sensitive and inflammatory setting? That is not moderate. It is aggressively militant.
Disregarding pleas to build it at a sufficient remove so as not to be linked to an abomination committed, widely praised, and throughout the world seldom condemned in the name of Islam, the militant proponents of the World Trade Center mosque are guilty of a poorly concealed provocation. They dare Americans to appear anti-Islamic and intolerant or just to roll over.
Read it all.
Filed under: * Culture-Watch Law & Legal Issues Religion & Culture * Economics, Politics Politics in General City Government Terrorism * Religion News & Commentary Other Faiths Islam
So far this year, only one job opens for every three people sitting in the seats at the satellite office where folks travel for miles to file unemployment claims and apply for new work.
Read it all.
Filed under: * Economics, Politics Economy Corporations/Corporate Life Labor/Labor Unions/Labor Market * South Carolina
That finding, contained in a new paper by Carmen M. Reinhart, an economist at the University of Maryland, generated considerable debate during an annual policy symposium here, organized by the Federal Reserve Bank of Kansas City, which concluded on Saturday.
Read it all.
Filed under: * Culture-Watch History * Economics, Politics Economy Consumer/consumer spending Corporations/Corporate Life Housing/Real Estate Market Labor/Labor Unions/Labor Market Personal Finance The Banking System/Sector The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- The U.S. Government Politics in General
This is where the Great Recession has taken the world’s largest economy, to a Great Ambiguity over what lies ahead, and what can be done now. Economists debate the benefits of previous policy prescriptions, but in the political realm a rare consensus has emerged: The future is now so colored in red ink that running up the debt seems politically risky in the months before the Congressional elections, even in the name of creating jobs and generating economic growth. The result is that Democrats and Republicans have foresworn virtually any course that involves spending serious money.
The growing impression of a weakening economy combined with a dearth of policy options has reinvigorated concerns that the United States risks sinking into the sort of economic stagnation that captured Japan during its so-called Lost Decade in the 1990s.
Read it all.
Filed under: * Economics, Politics Economy Corporations/Corporate Life Credit Markets Housing/Real Estate Market Labor/Labor Unions/Labor Market Stock Market The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- The U.S. Government Budget Federal Reserve The National Deficit The United States Currency (Dollar etc) Treasury Secretary Timothy Geithner Politics in General House of Representatives Office of the President President Barack Obama Senate
While General Odierno said he believed negotiations had picked up and would prove successful, he predicted politicians still required “four to six to eight weeks.”
“That’s a guess,” he said in an interview at his headquarters, whose plaster roof is still engraved with the initials of Saddam Hussein. “If it goes beyond 1 October, what does that mean? Could there be a call for another election? I worry about that a little bit.”
Read it all.
Filed under: * Economics, Politics Defense, National Security, Military Foreign Relations Iraq War * International News & Commentary Middle East Iraq
Google has been pitching to the studios on the international appeal of a streaming, on-demand movie service pegged to the world’s most popular search engine and YouTube, according to several people with knowledge of the situation.
Read it all.
Filed under: * Culture-Watch Movies & Television * Economics, Politics Economy Corporations/Corporate Life
As they arrived atop the hill at snail pace in three minibuses, many were awe struck by the breath taking beauty of the palatial structure, imposing majestically over Entebbe town. They ate and drank, with the President who called on them to champion social economic transformation.
“It is very important that the church leaders, political leaders and traditional leaders understand that social-economic transformation is the main problem in Africa”, the President said.
Read it all
Filed under: * Anglican - Episcopal Anglican Provinces Church of Uganda * Economics, Politics Economy Politics in General * International News & Commentary Africa
Among those frozen in place is Kelly Christensen, who was set to marry her longtime love, Joel Nerenberg. They bought a house in Burnsville, Minn., three years ago. They had wedding invitations printed. Then they broke up.
Two years later, they still own their home. Christensen's wedding dress now hangs in her ex-fiance's closet. He lives across the hall.
Read or listen to it all.
Filed under: * Culture-Watch Marriage & Family * Economics, Politics Economy Consumer/consumer spending Housing/Real Estate Market Personal Finance
"We are ideally suited for it. And it's so cost-effective compared to any other form of medical provider," says Jim Love, a physician assistant from rural Pittsfield, Maine. "We need to be educating a lot more of us."
Michael McDonald, the primary care physician who supervises Love from 25 miles up the road in Dexter, Maine, agrees.
Read or listen to it all.
Filed under: * Culture-Watch Health & Medicine * Economics, Politics Economy Labor/Labor Unions/Labor Market
Philadelphia began rolling brownouts this month, joining cities from Baltimore to Sacramento that now shut some units every day. San Jose, Calif., laid off 49 firefighters last month. And Lawrence, Mass., north of Boston, has laid off firefighters and shut down half of its six firehouses, forcing the city to rely on help from neighboring departments each time a fire goes to a second alarm.
Fire chiefs and union officials alike say it is the first time they have seen such deep cuts in so many parts of the country. “I’ve never seen it so widespread,” said Harold A. Schaitberger, the general president of the International Association of Fire Fighters.
Read it all from the front page of yesterday's NY Times.
Filed under: * Economics, Politics Economy The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- Politics in General City Government
Families who postponed trips last year are making modest vacation plans, travel agents say. And business owners or executives who felt it was insensitive to travel as they cut costs and laid off workers are again making plans to get away, leisure industry experts added.
Stacy H. Small, president of Elite Travel International, said at least half of her clients who were business owners cut back last year. “I had a lot of clients say ‘I just don’t feel right,’ ” she said. This year, nearly all have returned.
Read it all
Filed under: * Culture-Watch Travel * Economics, Politics Economy Consumer/consumer spending Corporations/Corporate Life Personal Finance The Credit Freeze Crisis of Fall 2008/The Recession of 2007--
The 61-year-old clergyman is now in the midst of a polarizing political, religious and cultural debate over plans for a multistory Islamic center that will feature a mosque, health club and theater about two blocks north of ground zero. He is one of the leaders of the Park51 project, but has largely been absent from the national debate over the implications of building a Muslim house of worship so close to where terrorists killed more than 2,700 people.
Though Rauf has said the center, which could cost more than $100 million, would serve as a space for interfaith dialogue, moderate Muslim practice and peaceful prayer, critics say it will create a base for radical, anti-American Islam. Some critics have also asked where the funding for the center might originate and whether it may come from sources linked to Muslim extremists.
Read it all.
Filed under: * Culture-Watch Religion & Culture * Economics, Politics Politics in General City Government * Religion News & Commentary Other Faiths Islam
Visit msnbc.com for breaking news, world news, and news about the economy
As far as I am concerned, Tulane University President Scott Cowen is a national hero--someone needs to give the man a medal--KSH.
Filed under: * Culture-Watch Education Hurricane Katrina * Economics, Politics Politics in General City Government
Diaspora describes itself as a "privacy-aware, personally-controlled" social network.
The open-source project made headlines earlier this year when Facebook was forced to simplify its privacy settings, after they were criticised for being overly complex and confusing.
The project, developed by four US students, raised $200,000 (£140,000).
Read it all
Filed under: * Culture-Watch Blogging & the Internet --Social Networking * Economics, Politics Economy Corporations/Corporate Life
The number of births dropped 2.6 percent to 4.14 million in 2009, even as the U.S. population rose slightly, according to the annual report by the U.S. Centers for Disease Control and Prevention in Atlanta. The national birthrate declined to 13.5 for every 1,000 people, from 14.3 in 2007, when the collapse of subprime loans led to falling home prices and the loss of more than 8 million jobs.
Read it all
Filed under: * Culture-Watch Children Marriage & Family * Economics, Politics Economy The Credit Freeze Crisis of Fall 2008/The Recession of 2007--
The situation can be expressed this way: German policy makers inherited a certain consensus-based economic model. That model has advantages. It fosters gradual innovation (of the sort useful in metallurgy). It also has disadvantages. It sometimes leads to rigidity and high unemployment.
Over the past few years, the Germans have built on their advantages. They effectively support basic research and worker training. They have also taken brave measures to minimize their disadvantages. As an editorial from the superb online think tank e21 reminds us, the Germans have recently reduced labor market regulation, increased wage flexibility and taken strong measures to balance budgets.
In the U.S., policy makers inherited a different economic model, one that also has certain advantages. It fosters disruptive innovation (of the sort useful in Silicon Valley). It also has certain disadvantages — a penchant for over-consumption and short term thinking.
Read it all.
Filed under: * Culture-Watch History Psychology * Economics, Politics Economy Corporations/Corporate Life The U.S. Government * International News & Commentary Europe Germany
Many temporary factors that boosted the economy earlier this year are fading. Companies built up their inventories after cutting them sharply in the recession to match slower sales. The increase provided a boost to manufacturers, but now many companies' stockpiles are in line with sales and don't need to grow as much. In addition, the impact of the government's $862 billion fiscal stimulus program is lessening. That leaves the private sector to pick up the slack. But businesses are cutting back on their spending on machines, computers and software, according to a government report earlier this week. And the housing sector is slumping again after a popular home buyer's tax credit expired in April.
Read it all.
Filed under: * Economics, Politics Economy Consumer/consumer spending Corporations/Corporate Life Credit Markets Housing/Real Estate Market Labor/Labor Unions/Labor Market Personal Finance Stock Market The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- The Fiscal Stimulus Package of 2009 The U.S. Government Federal Reserve Treasury Secretary Timothy Geithner Politics in General House of Representatives Office of the President President Barack Obama Senate
For many in Europe, where much more bitter struggles have taken place over bans on facial veils in France and minarets in Switzerland, America’s fight over Park51 seems small fry, essentially a zoning spat in a culture war.
But others, especially in countries with nothing similar to the constitutional separation of church and state, find it puzzling that there is any controversy at all. In most Muslim nations, the state not only determines where mosques are built, but what the clerics inside can say.
The one constant expressed, regardless of geography, is that even though many in the United States have framed the future of the community center as a pivotal referendum on the core issues of religion, tolerance and free speech, those outside its borders see the debate as a confirmation of their pre-existing feelings about the country, whether good or bad.
Read it all.
Filed under: * Culture-Watch Globalization Religion & Culture * Economics, Politics Politics in General City Government * Religion News & Commentary Other Faiths Islam
The trio, arrested this week, were charged with supporting terrorism.
Hiva Alizadeh and Misbahuddin Ahmed were jailed following a court appearance on Thursday.
Read it all.
Filed under: * Economics, Politics Defense, National Security, Military Terrorism * International News & Commentary Canada
Anthem said it intends to put the new rates — averaging 14% and as high as 20% — into effect Oct. 1 for nearly 800,000 individual California policyholders.
Regulators also allowed one of Anthem's nonprofit competitors, Blue Shield of California, to move ahead with rate increases — averaging 19% and as high as 29% — for 250,000 individual policyholders.
Read it all.
Filed under: * Culture-Watch Health & Medicine * Economics, Politics Economy Consumer/consumer spending Corporations/Corporate Life The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- Politics in General State Government
"Ultimately, the housing story, whether it is delinquencies, homes sales or housing starts, is an employment story," Jay Brinkmann, the Mortgage Bankers Association's top economist, said in a statement. "Only when we see a consistent increase in employment will we see an increase in sales and starts, and a sustained improvement in the delinquency numbers."
More than 2.3 million homes have been repossessed by lenders since the recession began in December 2007, according to foreclosure listing service RealtyTrac Inc. Economists expect the number of foreclosures to grow well into next year.
Read it all.
Filed under: * Economics, Politics Economy Housing/Real Estate Market Labor/Labor Unions/Labor Market The Credit Freeze Crisis of Fall 2008/The Recession of 2007--
On July 5, a rookie police officer shot and killed DeCarlos Moore in Overtown as Moore disobeyed an order and returned to his car. He had no weapon.
The most recent case involved Tarnorris Tyrell Gaye, 19, who was shot and killed last Friday by the same officer who shot and killed a man during a sting-gone-bad nine days earlier.
That day, police say, 16-year-old Joell Lee Johnson was killed during an undercover police operation involving holdups of fast-food deliverers after the teen pointed a gun at the officer.
Read it all.
Filed under: * Christian Life / Church Life Parish Ministry Ministry of the Ordained * Culture-Watch Religion & Culture Violence * Economics, Politics Politics in General City Government
Episcopal church officials say the property tax assessment on land next to Holy Apostles Church on the Oneida Indian Reservation is unlawful because it's designated a cemetery.
Village of Hobart assessor Mike Denor says 23 acres that have a 2010 property tax obligation of about $600 are mostly woods, and even calling it a cemetery "is kind of a stretch."
Read it all.
Filed under: * Anglican - Episcopal Episcopal Church (TEC) TEC Parishes * Christian Life / Church Life Parish Ministry * Culture-Watch Law & Legal Issues Church/State Matters * Economics, Politics Economy Taxes Politics in General City Government
Since an unusually sharp downturn accelerated in late 2008, the Obama administration and its allies in the U.S. Congress have enacted trillions in deficit spending they say will create an economic stimulus -- but have not extended the Bush tax cuts and have pushed to levy extensive new health care and carbon regulations on businesses.
"They're in a 'Do' loop right now trying to figure out what the answer is," Otellini said.
Read it all.
Filed under: * Culture-Watch Globalization * Economics, Politics Economy Corporations/Corporate Life Labor/Labor Unions/Labor Market The U.S. Government Politics in General House of Representatives Office of the President President Barack Obama Senate
There have been several blasts in Baghdad, including one in which 15 people died. At least 15 were killed in a suicide attack in Kut in the south.
Read it all.
Filed under: * Economics, Politics Defense, National Security, Military Foreign Relations Iraq War * International News & Commentary Middle East
Just another day at the gym.
As Ms. Bates multitasks, she is also churning her legs in fast loops on an elliptical machine in a downtown fitness center. She is in good company. In gyms and elsewhere, people use phones and other electronic devices to get work done — and as a reliable antidote to boredom.
Filed under: * Culture-Watch Psychology Science & Technology * Economics, Politics Economy Labor/Labor Unions/Labor Market * Theology Pastoral Theology
These are the Japanese who came of age after the bubble, never having known Japan as a flourishing economy. They are accustomed to being frugal. Today’s youths, living in a society older than any in the world, are the first since the late 19th century to feel so uneasy about the future.
I saw young Japanese in Paris, of course, vacationing or studying, but statistics show that they don’t travel the way we used to. Perhaps it’s a reaction against their globalizing elders who are still zealously pushing English-language education and overseas employment. Young people have grown less interested in studying foreign languages. They seem not to feel the urge to grow outward. Look, they say, Japan is a small country. And we’re O.K. with small.
Read it all.
Filed under: * Culture-Watch History Psychology Young Adults * Economics, Politics Economy * International News & Commentary Asia Japan
In this atmosphere, we’re all less conscious of our severe mental shortcomings and less inclined to be skeptical of our own opinions. Occasionally you surf around the Web and find someone who takes mental limitations seriously. For example, Charlie Munger of Berkshire Hathaway once gave a speech called “The Psychology of Human Misjudgment.” He and others list our natural weaknesses: We have confirmation bias; we pick out evidence that supports our views. We are cognitive misers; we try to think as little as possible. We are herd thinkers and conform our perceptions to fit in with the group.
But, in general, the culture places less emphasis on the need to struggle against one’s own mental feebleness. Today’s culture is better in most ways, but in this way it is worse.
Read it all.
Filed under: * Culture-Watch Education History Philosophy Psychology * Economics, Politics Politics in General * Theology Ethics / Moral Theology
Read it all.
Filed under: * Economics, Politics Economy Consumer/consumer spending Housing/Real Estate Market Labor/Labor Unions/Labor Market Personal Finance The Credit Freeze Crisis of Fall 2008/The Recession of 2007--
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