Posted by Kendall Harmon

Today, a new "cloud tax" takes effect in the city of Chicago, targeting online databases and streaming entertainment services. It's a puzzling tax, cutting against many of the basic assumptions of the web, but the broader implications could be even more unsettling. Cloud services are built to be universal: Netflix works the same anywhere in the US, and except for rights constraints, you could extend that to the entire world. But many taxes are local — and as streaming services swallow up more and more of the world's entertainment, that could be a serious problem.

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Filed under: * Culture-WatchBlogging & the InternetMovies & Television* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePersonal FinanceTaxesPolitics in GeneralCity Government* TheologyEthics / Moral Theology

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Posted July 1, 2015 at 12:05 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

[Dan] Price dropped his salary from about $1 million to $70,000 in order to increase pay for many of his employees.

In the weeks that have followed, Price has received hundreds of messages — some from CEOs who followed suit with similar moves and others from critics who feel the decision will destroy Price's company.

Of all the notes that he has received, the most striking to Price was a stack of 33 letters — delivered by mail — from a class of sixth graders at Woodbury Elementary School in Irvine, California.

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Filed under: * Culture-WatchChildrenEducation* Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor Market* TheologyAnthropologyEthics / Moral Theology

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Posted June 28, 2015 at 6:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

....the controversial law still faces a bumpy future. Here are five challenges the ACA will face during the next several years:

Healthcare costs are still too high. As many enrollees are discovering, the “Affordable” Care Act is somewhat misnamed. Healthcare costs continue to rise faster than wages or overall inflation, putting a financial burden even on people who have healthcare. A recent study by the Commonwealth Fund found that 23% of Americans who have healthcare coverage are “underinsured,” meaning their out-of-pocket spending on healthcare is more than 10% of their income in a given year. Deductibles and other out-of-pocket costs have been rising because consumers and businesses have been opting for plans with lower premiums—which usually require the patient to bear more of the cost before 100% coverage kicks in. The irony is that insurance has gotten more affordable, but actual healthcare hasn’t.

The ACA includes several long-term provisions meant to explore ways to lower costs, but they may not be nearly enough to offset other trends pushing costs up, such as the retirement of the baby boomers and the development of expensive new drugs. If Congress ever gets serious about improving the ACA rather that faux-repealing it, cost will be the thing to focus on.

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Filed under: * Culture-WatchHealth & Medicine--The 2009 American Health Care Reform DebateLaw & Legal Issues* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePersonal FinancePolitics in GeneralHouse of RepresentativesOffice of the PresidentSenate* TheologyAnthropologyEthics / Moral Theology

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Posted June 26, 2015 at 7:30 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

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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Filed under: * Economics, PoliticsEconomyCorporations/Corporate LifeHousing/Real Estate MarketLabor/Labor Unions/Labor MarketPersonal FinanceThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--* International News & CommentaryAmerica/U.S.A.* TheologyAnthropologyEthics / Moral Theology

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Posted June 24, 2015 at 8:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The General Secretary of the World Council of Churches says Christians must grasp the “unique ecumenical momentum” created by Pope Francis’ new encyclical on the environment. He also believes it’s vital to respond in a more practical and pastoral way to migrants in Europe who are radically changing our “reflection about who is in communion with whom”.

Rev Dr Olav Fykse Tveit was in Rome on Tuesday to attend celebrations marking the 50th anniversary of the Joint Working Group of the Catholic Church and the World Council of Churches. Set up just before the end of the Second Vatican Council, the Group is holding a plenary session in Rome this week to begin its tenth round of ecumenical conversations.

In a message to Rev Fykse Tveit to mark the occasion, Pope Francis said we should be encouraged by the collaboration the Group has promoted, “not only in ecumenical issues, but also in the areas of interreligious dialogue, peace and social justice, and works of charity and humanitarian aid”. But he stressed that despite the many ecumenical achievements, “Christian mission and witness still suffer due to our divisions”.

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Filed under: * Culture-WatchGlobalizationScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeEnergy, Natural Resources* Religion News & CommentaryEcumenical Relations* TheologyEthics / Moral Theology

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Posted June 24, 2015 at 7:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

How is it being used?

Last week, US government agency talks that were intended to create a code of conduct for the technology fell apart. Privacy campaigners walked out of the discussions, claiming that companies and government agencies were unwilling to accept that they must always seek permission before using facial recognition technology to identify someone.

Alvaro Bedoya, from Georgetwon University Law Centre in Washington DC, told New Scientist that “not a single company would support [the principle].”

Uses of the technology are becoming increasingly Orwellian. Tesco plans to install screens that scan customers’ faces, determine their age and gender, and show them a relevant advertisement.

In the United States, a company called Face First offers retailers the ability to "build a database of good customers, recognize them when they come through the door, and make them feel more welcome” (in other words, schmooze the big spenders). The product also sends alerts whenever “known litigious individuals enter any of your locations”. Another company, Churchix, uses facial recognition technology to track congregation church attendance.

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Filed under: * Christian Life / Church LifeParish Ministry* Culture-WatchLaw & Legal IssuesPsychologyReligion & CultureScience & Technology* Economics, PoliticsDefense, National Security, MilitaryEconomyConsumer/consumer spendingCorporations/Corporate LifePolitics in General* TheologyEthics / Moral Theology

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Posted June 24, 2015 at 6:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The chamber said it believes the flags of the state of South Carolina and the United States of America, representing the sovereignty under which the state of South Carolina exists, should be the only flags displayed at the State House.

“Just as we did in 1999 when the Charleston Metro Chamber led local efforts to remove the flag from atop the Statehouse, we feel that the flag belongs in a place of historical reference,” said Bryan Derreberry, chamber president and CEO. “It is in the interest of all who live and work here that we show our ability to unite under the flag that is representative of everyone.”

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Filed under: * Christian Life / Church LifeLiturgy, Music, WorshipParish MinistrySpirituality/Prayer* Culture-WatchRace/Race RelationsUrban/City Life and IssuesViolence* Economics, PoliticsEconomyCorporations/Corporate LifePolitics in General* South Carolina* TheologyEthics / Moral Theology

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Posted June 23, 2015 at 6:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

At the June 18 launch of the highly-anticipated encyclical Laudato Si (The Care for Our Common Home), Cardinal Peter Turkson acknowledged a critique that the Church is taking sides on scientifically still-debatable topics such as global warming, pollution, species extinction and global inequality’s impact on natural resources.

“The aim of the encyclical is not to intervene in this debate, which is the responsibility of scientists, and even less to establish exactly in which ways the climate changes are a consequence of human action” he said. Instead, the goal of the document is to promote the well-being of all creation and “to develop an integral ecology, which in its diverse dimensions comprehends ‘our unique place as human beings in this world and our relationship to our surroundings,” the cardinal said, quoting the encyclical.

“Science is the best tool by which we can listen to the cry of the earth,” Cardinal Turkson said, noting that regardless of the various positions, studies tells us that “today the earth, our sister, mistreated and abused.”

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Filed under: * Culture-WatchGlobalizationReligion & CultureScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePolitics in General* Religion News & CommentaryOther ChurchesRoman CatholicPope Francis * TheologyAnthropologyEthics / Moral TheologyPastoral TheologyTheology: Scripture

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Posted June 21, 2015 at 3:55 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Carolina Panthers owner Jerry Richardson donated $10,000 to each of the families of the nine people killed in Wednesday night's shooting at a church in Charleston, South Carolina.

The team founder also donated $10,000 to the Emanuel African Methodist Episcopal Church, where the murders occurred during a bible study.

The $100,000 donation was made in a letter sent Friday to the Mother Emanuel Hope fund. The letter was shared by Bakari Sellers, a Democratic member of the South Carolina House of Representatives, on Twitter.

Read it all (hat tip:KIA).

Filed under: * Christian Life / Church LifeLiturgy, Music, WorshipParish MinistryStewardship* Culture-WatchSportsUrban/City Life and IssuesViolence* Economics, PoliticsEconomyCorporations/Corporate Life* South Carolina* Theology

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Posted June 20, 2015 at 8:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

People of faith need to focus on the moral and spiritual elements of the crisis brought about by rapid climate change, Archbishop of Cape Town Thabo Makgoba, chair of the Anglican Communion Environmental Network, said today in response to Pope Francis's encyclical on the issue.

In a statement issued from Cape Town, the Archbishop said:

"I would like to thank Pope Francis for this historic, ground-breaking letter. I look forward to studying it in more detail.

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Filed under: * Anglican - Episcopal* Culture-WatchGlobalizationScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeEnergy, Natural Resources* Religion News & CommentaryOther ChurchesRoman CatholicPope Francis * TheologyAnthropologyEthics / Moral Theology

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Posted June 19, 2015 at 8:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Opposition to the encyclical has been building for months. The Heartland Institute launched a campaign to “Tell Pope Francis: Global Warming is not a Crisis,” asking readers to “Talk to your minister, priest, or spiritual leader. Tell him or her you’ve studied the global warming issue and believe Pope Francis is being misled about the science and economics of the issue. Refer him or her to this website.” Others have suggested that Francis is advocating Latin American style socialism.

Hyperbole is part of politics. But there seems to be a fairly large disconnect between the criticism of Laudato Si (much of it made prior to the release of the actual text) and the encyclical itself. The actual document is a more measured affair. For one thing, it’s not even really accurate to call it a “climate encyclical.” Most of the document is devoted to other environmental issues (ranging from clean drinking water to biodiversity) or to the proper Christian perspective on the environment generally. Only a small portion of the lengthy encyclical is devoted to climate change per se, and much of what the encyclical does say about climate change is in keeping with the prior statements of John Paul II and Benedict XVI on the issue. The encyclical says that:
A very solid scientific consensus indicates that we are presently witnessing a disturbing warming of the climatic system. . . . It is true that there are other factors (such as volcanic activity, variations in the earth’s orbit and axis, the solar cycle), yet a number of scientific studies indicate that most global warming in recent decades is due to the great concentration of greenhouse gases (carbon dioxide, methane, nitrogen oxides and others) released mainly as a result of human activity. Concentrated in the atmosphere, these gases do not allow the warmth of the sun’s rays reflected by the earth to be dispersed in space.
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Filed under: * Culture-WatchGlobalizationScience & Technology* Economics, PoliticsEconomyCorporations/Corporate LifeEnergy, Natural Resources* Religion News & CommentaryOther ChurchesRoman CatholicPope Francis * TheologyEthics / Moral Theology

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Posted June 18, 2015 at 3:15 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

“Laudato si’, mi’ Signore” – “Praise be to you, my Lord”. In the words of this beautiful canticle, Saint Francis of Assisi reminds us that our common home is like a sister with whom we share our life and a beautiful mother who opens her arms to embrace us. “Praise be to you, my Lord, through our Sister, Mother Earth, who sustains and governs us, and who produces various fruit with coloured flowers and herbs”.

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Filed under: * Culture-WatchGlobalizationHistoryScience & Technology* Economics, PoliticsEconomyCorporations/Corporate LifeEnergy, Natural Resources* Religion News & CommentaryOther ChurchesRoman CatholicPope Francis * TheologyEthics / Moral Theology

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Posted June 18, 2015 at 5:31 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

[Joseph] Stiglitz is also particularly critical of the banking system: “If they (the banks) are too big to fail and they know it, excessive risk-taking is a one-sided bet: if they win they keep the profits, if they lose, taxpayers pick up the tab.” He summarises this as socialising losses while privatising gains.

Furthermore, there is a growing chorus of opposition to lax executive pay habits. Fidelity Worldwide Investment has urged companies make their long-term incentive plans less short term in nature, or face votes against remuneration at annual meetings. Last year the Church Commissioners opposed executive pay deals in two-thirds of the companies where they have a holding.

Adam Smith, said to be the father of modern economics, wrote: “Servants, labourers and workmen of different kinds, make up the far greater part of every great political society. But what improves the circumstances of the greater part can never be regarded as an inconvenience to the whole. No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable. It is but equity, besides, that they who feed, clothe, and lodge the whole body of the people, should have such a share of the produce of their own labour as to be themselves tolerably well fed, clothed and lodged.”(2)

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Filed under: * Anglican - EpiscopalAnglican ProvincesChurch of England (CoE)Archbishop of York John Sentamu* Culture-WatchReligion & Culture* Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor Market* International News & CommentaryEngland / UK* TheologyAnthropologyEthics / Moral TheologyTheology: Scripture

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Posted June 17, 2015 at 4:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The Archbishop of Canterbury has joined faith leaders in Britain pledging to fast and pray for the success of key international negotiations over climate change, in a new declaration warning of the “huge challenge” facing the world over global warming.

Representatives of the major faiths, including Archbishop Justin Welby, said climate change has already hit the poorest of the world hardest and urgent action is needed now to protect future generations.

In the Lambeth Declaration, which will be launched tomorrow, signatories call on faith communities to recognise the pressing need to make the transition to a low carbon economy.

The call comes ahead of the international climate change talks in Paris this December where negotiators from more than 190 nations will gather to discuss a new global agreement on climate change, aimed at limiting greenhouse gas emissions from 2020 when current commitments run out.

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Filed under: * Anglican - EpiscopalArchbishop of Canterbury --Justin Welby* Culture-WatchGlobalizationReligion & CultureScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeEnergy, Natural Resources* TheologyAnthropologyEthics / Moral Theology

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Posted June 17, 2015 at 6:14 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

“All work and no play makes Jack a dull boy.”

This proverb does not have much resonance with Americans. In an age of numerous technological advances meant to save us time and energy, we find ourselves working more than ever. Instead of working fewer hours and taking more vacation, we have freely chosen to do the opposite.

We live by the “American Dream” where anyone can achieve anything if we simply “work hard enough.” Often it means “pulling yourself up by your bootstraps” in order to realize your dreams.

While these maxims are not inherently bad, we have taken them to a new level and are working more and playing less. Unfortunately the family has been caught in the crossfire. As we continue to put emphasis on work and “getting ahead,” our families are quickly eroding and falling apart.

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Filed under: * Culture-WatchChildrenMarriage & Family* Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor Market* International News & CommentaryAmerica/U.S.A.* TheologyAnthropologyEthics / Moral Theology

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Posted June 17, 2015 at 4:39 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

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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Filed under: * Culture-WatchGlobalizationHistory* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeEuropean Central BankG20 Housing/Real Estate MarketLabor/Labor Unions/Labor MarketPersonal FinanceThe Banking System/SectorThe U.S. GovernmentFederal ReserveForeign RelationsPolitics in General* TheologyEthics / Moral Theology

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Posted June 15, 2015 at 7:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The decision by Apple, Walmart, Eli Lilly, Angie’s List, and so on was a business decision—even more, a marketing decision. Coming out in opposition to the Indiana RFRA law was one of the shrewdest marketing coups since E.T. followed a trail of Reese’s Pieces. The decision to #BoycottIndiana was not made because it was the politically courageous thing to do; it was made because it was the profitable thing to do. The establishment could express support for a fashionable social norm while exerting very little effort, incurring no actual cost, and making no sacrifice to secure the goal. It had the further advantage of distracting most people from the fact that corporations like Apple have no compunction doing business in places with outright oppression of gays, women, and Christians. Those real forms of repression and discrimination didn’t matter; Indiana’s purported oppression of gays did.

The public statements, often hyperbolic propaganda about the dire consequences of the Indiana law, were cost-free because gay rights activists have successfully argued that opposition to gay marriage is tantamount to racism. Through a powerful and concerted effort, gay activists have succeeded in convincing the establishment that gays are the equivalent of blacks in Selma, and that their opponents—particularly their Christian opponents—are Bull Connors. There can simply be no brooking bigotry! Democrats like Barack Obama and Hillary Clinton conveniently forget their previous support for conjugal marriage, and none of their supporters seek to hold them to account. All that matters is that one now deny that there can be reasonable opposition to gay marriage, and affirm that those who maintain that view are rank bigots. Companies like Apple and Walmart eagerly joined the bandwagon once it was clear that the tactic had worked.

There is a deeper reason for corporate support, however. ­Today’s corporate ideology has a strong affinity with the lifestyles of those who are defined by mobility, ethical flexibility, liberalism (whether economic or social), a consumerist mentality in which choice is paramount, and a “progressive” outlook in which rapid change and “creative destruction” are the only certainties. The response to Indiana’s RFRA law shows very clearly that corporations have joined forces with Republicans on economic matters and Democrats on social ones. Corporate America is aligned with the ascendant ­libertarian portion of each party, ensuring a win for the political, economic, and ­social preferences of libertarianism. In effect, there is only one functional party in America today, seemingly parceled between the two notional parties but in reality unifying them in its backing by financial and cultural elites.

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Filed under: * Culture-WatchHistoryMarriage & FamilyMediaPsychologyReligion & CultureSexuality--Civil Unions & Partnerships* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePolitics in GeneralState Government* International News & CommentaryAmerica/U.S.A.* TheologyAnthropologyEthics / Moral Theology

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Posted June 14, 2015 at 4:29 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

So what’s going on?

Twitter is at a crossroads when it comes to its evolution. While it aspires to be as big as Facebook, connecting fans to celebrities, sports fanatics to game information, and the media to, well, the media via short 140-character bursts can only grow this social media company so large.

With 300 million users, Twitter is still more than a billion shy of Facebook. And with ad revenue growth now slowing, investors want to know if there’s an actual plan in place or if all of this Facebook talk is just wishful thinking.

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Filed under: * Culture-WatchBlogging & the Internet--Social Networking* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life

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Posted June 12, 2015 at 7:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Engineering and design work on Boeing’s 787-10 — the longest member of the Dreamliner fleet — is months ahead of schedule, and the company’s North Charleston campus could start work on that line’s first jet as early as next year.

The accelerated schedule is due to the high percentage of common parts that will be shared by the 787-10 and its predecessor, the 787-9, said Beverly Wyse, vice president and general manager of Boeing South Carolina.

he North Charleston site will be the sole production facility for the 787-10.

“As a straightforward stretch of the 787-9, which entered service in 2014, we are leveraging the advanced design and disciplined development system of the 787-9 to create the 787-10 with high commonality and unprecedented efficiency,” Wyse told The Post and Courier on Tuesday.

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Filed under: * Culture-WatchScience & Technology* Economics, PoliticsEconomyCorporations/Corporate Life* South Carolina

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Posted June 11, 2015 at 5:15 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Foreign container shipping firms are taking advantage of the strong dollar — and its resulting boost in European exports to the U.S. — as well as population and manufacturing gains in the Southeast by adding new routes that will call at Charleston and other East Coast ports.

Dubai-based United Arab Shipping Co. recently launched its NEU-1 service that will have weekly sailings between five ports in Northern Europe and four U.S. ports: New York; Norfolk, Va.; Charleston; and Savannah. The largest container shipping company in the Middle East, United Arab also has ordered an additional 3,500 refrigerated units for the new service and recently expanded routes in a partnership with the France-based CMA CGM shipping line.

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Filed under: * Culture-WatchGlobalizationUrban/City Life and Issues* Economics, PoliticsEconomyCorporations/Corporate Life* South Carolina

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Posted June 9, 2015 at 6:30 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The U.S. cracking down on international football’s governing body looks like a recipe for geopolitical disaster. Fortunately, the only thing the world hates more than American unilateralism is corrupt officials compromising the integrity of the world’s most popular sport. These five facts explain the FIFA scandal and the geopolitical implications of this growing story.

1. Sepp Blatter

Nine FIFA officials were indicted last week by the U.S. Department of Justice for taking $150 million in bribes while awarding FIFA broadcast rights. This kicked off a Swiss investigation into the bidding process for the 2018 Russia World Cup and the 2022 Qatar World Cup. Since the story broke last week, FIFA president Sepp Blatter has managed to win reelection and then resign his post.

For years the worst-kept secret in sports was FIFA’s extensive ‘patronage’ system. Blatter is accused of using FIFA development money, earmarked for promoting soccer in impoverished nations, to secure votes and general support for his initiatives. FIFA generated nearly $6 billion over the last four years—that’s a lot of money to work with.

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Filed under: * Culture-WatchGlobalizationLaw & Legal IssuesSports* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePersonal FinanceForeign RelationsPolitics in General* TheologyEthics / Moral Theology

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Posted June 5, 2015 at 6:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

U.S. companies whose financial statements contain errors may soon have to “claw back” some of their top executives’ compensation as a result.

The Securities and Exchange Commission will soon propose long-awaited rules forcing companies to claw back, or revoke, some of their top officials’ incentive pay if they have to restate the financial results that led to it, according to people familiar with the agency’s internal deliberations.

Unlike existing rules, in which clawbacks are triggered only in a narrow set of circumstances involving misconduct at companies that restate earnings, the SEC’s proposal would apply to all manner of restatements—including those issued because of mistakes.

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Filed under: * Culture-WatchLaw & Legal Issues* Economics, PoliticsEconomyCorporations/Corporate LifeStock MarketThe U.S. GovernmentPolitics in General* International News & CommentaryAmerica/U.S.A.* TheologyEthics / Moral Theology

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Posted June 3, 2015 at 6:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Five-year-old Cooper Tidmarsh lost his foot in a lawnmower accident two weeks ago and has been in the hospital ever since — an ordeal that has been made less traumatic with a little TLC from an unlikely source.

A robot.

MEDi is two feet tall and weighs 11 pounds — and looks he belongs on a shelf at a high-end toy store. He's all fun and games, but for a very serious purpose.

At six hospitals in Canada and one in the United States, MEDi is helping to lower stress for children getting uncomfortable procedures, tests or shots.

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Filed under: * Culture-WatchChildrenHealth & MedicineMarriage & FamilyScience & Technology* Economics, PoliticsEconomyCorporations/Corporate Life* TheologyAnthropologyEthics / Moral Theology

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Posted June 1, 2015 at 5:02 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

What has been at stake here is not just a single employer that has discriminated against one individual. The largest employer in America – the Department of Defense – has a rule in place that discriminates against anyone who wears a hijab or turban or maintains facial hair for religious reasons. Individuals who maintain articles of faith, such as these, are not allowed to serve in the U.S. military without a rarely granted accommodation.

A large majority of Americans affected by such discriminatory policies belong to minority faith communities, and the Supreme Court’s decision directly impacts how we think about equal opportunity and religious freedom in this country.

Elauf demonstrated that she recognizes her case would have bearing for a number of different communities. “I am not only standing up for myself, but for all people who wish to adhere to their faith while at work,” she said, following the oral arguments. “Observance of my faith should not prevent me from getting a job.”

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Filed under: * Culture-WatchLaw & Legal IssuesReligion & Culture* Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor Market* International News & CommentaryAmerica/U.S.A.* Religion News & CommentaryOther FaithsIslam* TheologyEthics / Moral Theology

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Posted June 1, 2015 at 3:15 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Lasch was not out to define the future, or to shape it either. He was not even, for some extraordinary reason, out to get rich. He had come to describe the cultural carbon clogging the national carburetor. We weren’t going to be made okay by dieting or jogging or protest-marching, or even by opening up our souls. We might, if we paid careful attention to Professor Lasch, become more fully aware of what was afoot in our culture, and what effects it was producing. Light might break through. The rest was up to us.

What was amiss? Much, it seemed. The Culture of Narcissism grew out of Lasch’s earlier study of the modern family, Haven in a Heartless World, in which he had pointed to an alarming decline in the family’s authority. It seemed, on the basis of the more extensive scrutiny supplied in The Culture of Narcissism, that the culture itself was approaching bankruptcy. “Bourgeois society seems everywhere to have used up its store of constructive ideas.”

Liberalism had nothing to offer, said this disillusioned liberal, weary as he was of cultural libertarianism. “Psychological man” had become “the final product of bourgeois individualism,” liberated from past superstitions but seeking the meaning of life. He lives “in a state of restless, perpetually unsatisfied desire.” All of which was congruent with Jimmy Carter’s presidential perceptions. But no White House speechwriter could afford to go where Lasch now led, which was toward arraignment of the “therapeutic” climate that caused Americans to seek “personal well-being, health, and psychic security.”

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Filed under: * Culture-WatchBooksChildrenHistoryMarriage & FamilyMediaMovies & TelevisionPsychologyReligion & CultureSociology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* International News & CommentaryAmerica/U.S.A.

1 Comments
Posted June 1, 2015 at 2:16 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

But by themselves, they are not likely to change the culture of the organization, a fact made clear Friday by the re-election of long-standing FIFA President Sepp Blatter. So though he obviously rated the equivalent of a red card (a game-ejecting penalty), he’s still in charge.

Two years ago Mr. Blatter suppressed a critical internal report on evidence of vote buying and other corruption in FIFA, causing the author, former U.S. Attorney for New York Michael Garcia, to resign in protest.

Observers of FIFA have long suspected rampant vote-selling in the choosing of World Cup host nations, such as the surprising decision to award the 2018 tournament to Russia.

The call to play the 2022 World Cup in Qatar was even more stunning.

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Filed under: * Culture-WatchGlobalizationLaw & Legal IssuesSports* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePersonal Finance* TheologyEthics / Moral Theology

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Posted May 30, 2015 at 11:35 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The U.S. economy shrank at an annualized pace of 0.7 percent in the first three months of the year, according to government data released Friday morning, a tumble for a recovering nation that until recently seemed poised for takeoff.

The contraction, the country’s third in the aftermath of the Great Recession, provides a troubling picture of an economy that many figured would get a lift from cheap oil, rapid hiring and growing consumer confidence. Instead, consumers have proved cautious, and oil companies have frozen investment — all while a nasty winter caused havoc for transportation and construction and a strong dollar widened the trade deficit.

The numbers released Friday were a revision of earlier figures that had shown GDP growing in the first quarter at 0.2 percent. Markets had since expected the downward revision, in large part because of recent data showing the trade deficit at a 6½-year high.

Read it all.

Filed under: * Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--The U.S. GovernmentFederal Reserve* International News & CommentaryAmerica/U.S.A.* TheologyEthics / Moral Theology

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Posted May 29, 2015 at 12:14 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

When Tricia Salese called her local pharmacy for a price check on her next prescription refill, she was stunned when the pharmacist told her the cost of her generic-brand pain medication had gone up again.

Salese, 49, started talking fentanyl citrate, the generic version of Actiq, a powerful painkiller, in 2010, and she takes three doses per day. Back then, she said, the price per dose was 50 cents. Now, the pharmacist told her when she called, it was going to cost her $37.49 per dose.

“I thought $25 [per dose for generics] was a lot. $37 is just-- What is this stuff made of? I mean, this is ridiculous,” Salese said.

Read it all.


Filed under: * Culture-WatchChildrenDrugs/Drug AddictionHealth & MedicineMarriage & FamilyPsychologyStress* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePersonal Finance* TheologyEthics / Moral Theology

3 Comments
Posted May 29, 2015 at 7:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Few arrests can have provoked such Schadenfreude as those of seven senior officials of FIFA, football’s world governing body, early on May 27th at a swish Swiss hotel. The arrests are part of a wide-ranging investigation by America’s FBI into corruption at FIFA, dating back over two decades. The indictment from the Department of Justice named 14 people on charges including racketeering, wire fraud and paying bribes worth more than $150m. They are likely to face charges in a US federal court. As more people start talking in a bid to sauve qui peut, the investigation will with luck reach into every dark and dank corner of FIFA’s Zurich headquarters...

American extraterritorial jurisdiction is often excessive in its zeal and overbearing in its methods, but in this instance it deserves the gratitude of football fans everywhere. The hope must be that FIFA’s impunity is at last brought to an end and with it the career of the ineffably complacent Sepp Blatter, its 79-year-old president, who was nonetheless expected to be re-elected for a fifth term after The Economist had gone to print.

The evidence of systemic corruption at FIFA has been accumulating for years, but came to a head in 2010 with the bidding for two World Cups. When the right to hold the competition in 2022 was won by tiny, bakingly hot Qatar, against the strong advice of FIFA’s own technical committee, suspicions that votes had been bought were immediately aroused. Thanks to two female whistleblowers and the diligent investigative work of the Sunday Times, a wealth of damning evidence was unearthed involving a Qatari FIFA official, Mohamed bin Hammam, who allegedly wooed football bigwigs in Africa with a $5m slush fund.

Read it all.


Filed under: * Culture-WatchGlobalizationLaw & Legal IssuesSports* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePersonal Finance* TheologyEthics / Moral Theology

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Posted May 29, 2015 at 6:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Opponents of payday lending have a new ally in the fight against predatory lenders: Leaders from the 15.7-million member Southern Baptist Convention (SBC).

“We cannot sit by idly while some of the poorest among us are preyed on by people simply looking for a quick buck with no regard for the devastation they cause in the lives of others,” said Barrett Duke, vice president for public policy and research at the SBC’s Ethics and Religious Liberty Commission (ERLC).

The ERLC is one of the founding members of the newly-formed Faith for Just Lending coalition, which launched earlier this month. Among other members are the Cooperative Baptist Fellowship, the National Baptist Convention USA, the National Association of Evangelicals (NAE), the National Latino Evangelical Coalition, and the PICO National Network.

“While representing distinct institutions with different histories and practices, these faith organizations hold a shared conviction that Scripture speaks to the problem of predatory lending—condemning usury and teaching us to respect the God-given dignity of each person and to love our neighbors rather than exploit their financial vulnerability,” the group stated in a press release. “They believe that just lending is a matter of biblical morality and religious concern.”

Read it all.

Filed under: * Culture-WatchLaw & Legal IssuesPovertyReligion & Culture* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeThe Banking System/SectorPolitics in General* Religion News & CommentaryOther ChurchesEvangelicals* TheologyAnthropologyEthics / Moral Theology

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Posted May 28, 2015 at 4:05 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The FBI director, James Comey, commenting on the arrests in Zurich yesterday of senior Fifa officials, identified rampant, systemic and deep-rooted corruption in the federation. “Undisclosed and illegal payments, kickbacks and bribes became a way of doing business at Fifa,” he said. The raids by both the American and Swiss authorities were cynically welcomed by Mr Blatter’s team as a sign that it was cleaning up its act.

Nothing could be farther from the truth. The decision to award the 2022 World Cup to Qatar, as our sister paper The Sunday Times has diligently exposed, was secured by the rigging and purchase of votes. Despite clear evidence of wrongdoing, Qatar has held on to the cup. An investigation by Fifa’s ethics committee, a body created by Mr Blatter to soothe the many doubts about federation practices, was not published in full to spare the leadership embarrassment. On an almost daily basis, the absurdity of Qatar hosting the cup becomes apparent, from its treatment of construction workers to the extraordinary decision to switch the games to the winter in the midst of the European club season.

The Blatter years have been distinguished by a Machiavellian manipulation of the executive committee and of the broader football voting community.

Read it all (requires subscription) [my emphasis].


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0 Comments
Posted May 28, 2015 at 5:30 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

President Buhari's to-do list is indeed a long one.

Earlier this month, his deputy, Yemi Osinbajo, said that 110 million out of Nigeria's population of 170 million were living in "extreme poverty" while the largest chunk of the nation's wealth was going into the pockets of a small percentage of the population.

This situation has been brought about by the mindless corruption of the past six years, mainly fuelled by a cabal in the oil and gas industry.

Read it all.

Filed under: * Culture-WatchLaw & Legal IssuesPolice/Fire* Economics, PoliticsDefense, National Security, MilitaryEconomyCorporations/Corporate LifeEnergy, Natural ResourcesPolitics in GeneralTerrorism* International News & CommentaryAfricaNigeria* TheologyEthics / Moral Theology

0 Comments
Posted May 28, 2015 at 5:15 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

United States law enforcement officials declared in forceful terms on Wednesday that their broad investigation of FIFA had only begun and pledged to rid the international soccer organization of systemic corruption.

The Justice Department, F.B.I. and I.R.S. described soccer’s governing body in terms normally reserved for Mafia families and drug cartels, saying that top officials treated FIFA business decisions as chits to be traded for personal wealth. One soccer official took in more than $10 million in bribes, Attorney General Loretta E. Lynch said.

The schemes involving the fraud included the selection of South Africa as the host of the 2010 World Cup; the 2011 FIFA presidential elections; and several sports-marketing deals

Read it all.


Filed under: * Culture-WatchGlobalizationLaw & Legal IssuesSports* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePolitics in General* TheologyEthics / Moral Theology

2 Comments
Posted May 27, 2015 at 4:58 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

A different health care issue has emerged for Democrats, in sync with the party’s pitch to workers and middle-class voters ahead of next year’s elections.

It’s not the uninsured, but rather the problem of high out-of-pocket costs for people already covered.

Democrats call it “underinsurance.”

Read it all.

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

Filed under: * Culture-WatchHealth & Medicine--The 2009 American Health Care Reform DebateLaw & Legal Issues* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeLabor/Labor Unions/Labor MarketPersonal FinancePolitics in GeneralHouse of RepresentativesOffice of the PresidentSenate* International News & CommentaryAmerica/U.S.A.* TheologyEthics / Moral Theology


Posted May 27, 2015 at 11:28 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Express Scripts Holding Co. , a large manager of prescription-drug benefits for U.S. employers and insurers, is seeking deals with pharmaceutical companies that would set pricing for some cancer drugs based on how well they work.

The effort is part of a growing push for so-called pay-for-performance deals amid complaints about the rising price of medications, some of which cost more than $100,000 per patient a year.

Some insurers and prescription-benefit managers are pushing back by arguing that they should pay less when drugs don’t work well in certain patients. Drug companies are countering with pricing models of their own, such as offering free doses during a trial period.

Read it all.



Filed under: * Culture-WatchDrugs/Drug AddictionHealth & Medicine* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* International News & CommentaryAmerica/U.S.A.* TheologyEthics / Moral Theology

0 Comments
Posted May 27, 2015 at 5:30 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Hundreds of former players have filed a lawsuit claiming all 32 NFL teams, their doctors, trainers and medical staffs obtained and provided painkillers to players — often illegally — as part of a decades-long conspiracy to keep them on the field without regard for their long-term health.

The lawsuit reprises some of the allegations made in a federal lawsuit last year on behalf of 1,300 former players against the NFL. That complaint was filed in May, 2014 and dismissed in December by Judge William Alsup of the U.S. Northern District in California. Alsup wrote that the collective bargaining agreement between the league and the NFL Players Association was the appropriate forum to resolve such claims. That decision is being appealed.

The new lawsuit was filed Thursday in the U.S. Northern District of Maryland. It names each NFL team individually as a defendant and lists 13 plaintiffs, including Hall of Fame cornerback Mel Renfro of the Dallas Cowboys and Etopia Evans, the widow of Charles Evans, a running back who played eight years with the Minnesota Vikings and the Baltimore Ravens and retired after the 2000 season. Evans died of heart failure in October 2008 at age 41.

Read it all.

Filed under: * Culture-WatchDrugs/Drug AddictionHealth & MedicineLaw & Legal IssuesSports* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePolitics in General* International News & CommentaryAmerica/U.S.A.* TheologyEthics / Moral Theology

0 Comments
Posted May 23, 2015 at 1:26 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

In a world of driverless cars, U.S. auto sales would plummet, vehicle ownership falls 50% and opportunities in fleet management, tech and mapping arise.

In a society dominated by self-driving cars, U.S. auto sales might fall 40% and vehicle ownership could drop 50%, forcing entrenched automakers such as Ford Motor Co. and General Motors to adapt or die, according to a Barclays analyst report.

This shift will also create opportunities for tech startups and rental car companies.

Read it all.

Filed under: * Culture-WatchHistoryPsychologyScience & TechnologyTravel* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePersonal Finance* TheologyAnthropologyEthics / Moral Theology

1 Comments
Posted May 21, 2015 at 8:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The law

“… must protect all. It must protect the rights of the defendants to have and to manifest their religious beliefs but it also recognizes that the rights of the plaintiff not to be discriminated because of his sexual orientation must also be protected. If the plaintiff was a gay man who ran a bakery business and the defendants as Christians wanted him to bake a cake with the words ‘support heterosexual marriage’ the plaintiff would be required to do so as, otherwise; he would, according to the law be discriminating against the defendants. This is not a law which is for one belief only but is equal to and for all. The defendants are entitled to continue to hold their genuine and deeply held religious beliefs and to manifest them but, in accordance with the law, not to manifest them in the commercial sphere if it is contrary to the rights of others [93 & 94].

As to the defendants’ argument that Article 10 (expression) meant that they could not be compelled to express or commit themselves to a viewpoint or to appear to give support to another’s views, she concluded that what the defendants had been asked to do “did not require them to support, promote or endorse any viewpoint” and did not engage Article 10 – and her view was that, even if she was wrong in that conclusion and Article 10 was engaged, any infringement of the defendants’ rights was justified under Article 10 (2) because they were prescribed by law, necessary in a democratic society and for the protection of the rights of others

Read it all.

Filed under: * Culture-WatchLaw & Legal IssuesMarriage & FamilyReligion & CultureSexuality--Civil Unions & Partnerships* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* International News & CommentaryEngland / UK--Ireland* TheologyEthics / Moral Theology

0 Comments
Posted May 21, 2015 at 4:40 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

US regulators are increasingly concerned about the threat that cyber attacks pose to financial stability after assaults on Sony Pictures and Target highlighted the proliferating range of techniques used by digital raiders.

In a new report on risks to the financial system, regulators also sounded the alarm on risk-taking by institutions searching for higher investment yields, as well as the threat of rising interest rates triggering market volatility.

On cyber security, the annual report from the Financial Stability Oversight Council said “the prospect of a more destructive incident that could impair financial sector operations” was even more concerning than recent breaches that have compromised financial information.

Read it all.

Filed under: * Culture-WatchBlogging & the InternetGlobalizationLaw & Legal IssuesScience & Technology* Economics, PoliticsDefense, National Security, MilitaryEconomyCorporations/Corporate LifeCredit MarketsCurrency MarketsStock Market* TheologyEthics / Moral Theology

0 Comments
Posted May 20, 2015 at 5:45 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

A judge has ruled that a Christian-run bakery discriminated against a gay customer by refusing to make a cake with a pro-gay marriage slogan.

Ashers Baking Company, based in County Antrim, was taken to court by gay rights activist Gareth Lee.

A Belfast judge said, as a business, Ashers was not exempt from discrimination law.

The firm's general manager said they were "extremely disappointed" by the ruling and are considering an appeal.

Damages of £500 were agreed in advance by legal teams on both sides of the dispute.

Read it all.

Filed under: * Culture-WatchLaw & Legal IssuesMarriage & FamilyReligion & Culture* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* International News & CommentaryEngland / UK--Ireland

0 Comments
Posted May 20, 2015 at 5:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

A "groundbreaking" cystic fibrosis therapy could profoundly improve patients' quality of life, say doctors.

Patients often die before their 40s as mucus clogs and damages their lungs and leaves them prone to infection.

A major trial on 1,108 patients, in the New England Journal of Medicine, showed a combination of drugs could bypass the genetic errors that cause the disease and may increase life expectancy.

The Cystic Fibrosis Trust said it could "improve the lives of many".

Read it all.

Filed under: * Culture-WatchDrugs/Drug AddictionHealth & MedicineScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life

0 Comments
Posted May 18, 2015 at 5:30 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Baroness Shields, the former head of Facebook in Europe, is to become the UK's minister for internet safety and security in the new Conservative government.

The Telegraph understands the American-born entrepreneur turned technology evangelist is to lead the Government's effort to improve online safety in its war against child pornography.

She will also be involved in the UK's war on cybercrime and hacking, including the vital area of cybersecurity, with the aim of keeping the general public safe online.

Her appointment, as a Parliamentary under secretary in the Department for Culture, Media and Sport, is part of a push by David Cameron, the Prime Minister, to tackle the problem of illegal child porn online, and to ensure that images of abuse are blocked.

Read it all.

Filed under: * Culture-WatchBlogging & the InternetChildrenGlobalizationLaw & Legal IssuesPornographyScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeForeign RelationsPolitics in General* International News & CommentaryEngland / UKEurope* TheologyAnthropologyEthics / Moral Theology

0 Comments
Posted May 17, 2015 at 11:08 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The deciding factors in Volvo’s decision to build its first North American manufacturing plant near tiny Ridgeville — population 2,000 or so — have by now become a familiar economic development tune: a nearby seaport that’s efficient and quality workforce training.

It’s what convinced Daimler AG in March to build a campus in North Charleston that will make the company’s popular Sprinter vans. On Monday, Lex Kerssemakers, CEO of Volvo’s American operations, said the Swedish automaker was lured to South Carolina by the same song.

“One of the main criteria is accessibility overseas,” Kerssemakers said, explaining why Volvo chose the spot along Interstate 26 in Berkeley County, about 30 miles from the Port of Charleston. “And we think we will get a good pool of workers. We can make use of an already established recruiting and training program. That makes us feel very confident.”

Read it all.

Filed under: * Culture-WatchEducationScience & Technology* Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor MarketForeign RelationsPolitics in GeneralState Government* South Carolina* TheologyAnthropologyEthics / Moral Theology

0 Comments
Posted May 12, 2015 at 7:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Ever since the “big bang” deregulation of Britain’s financial markets enacted by Margaret Thatcher in 1986, the UK has followed a liberalising trajectory that was accompanied by a public enthusiasm for wealth more commonly associated with the US.

During that time, London grew into a global financial centre that has become the favoured residence of the world’s super rich. By a wide margin, it now boasts more billionaires per head than any city in the world. But this election has raised the question of whether British attitudes towards wealth and the wealthy are now shifting.

The campaign has aired popular frustration over inequality and affordable housing, the bashing of bankers and growing resentment towards a London that other Brits regard as a distant haven of rapacious hedge funds. The common thread seems to be a suspicion that what is good for the rich may not be so good for everyone else.

“There is no doubt the political rhetoric has changed — above all from the Labour leadership,” said Ben Rogers, director of the Centre for London think-tank.

Read it all.

Filed under: * Culture-WatchGlobalizationHistoryLaw & Legal IssuesPsychologyUrban/City Life and Issues* Economics, PoliticsEconomyCorporations/Corporate LifeStock MarketThe Banking System/SectorPolitics in General* International News & CommentaryEngland / UK* TheologyEthics / Moral Theology

0 Comments
Posted May 7, 2015 at 6:20 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The result was released on Wednesday: a 243-page investigative report, which included a 68-page scientific report and appendices. But, truthfully, all of it could have been boiled down to a single sentence: Tom Brady — one of the most accomplished N.F.L. quarterbacks ever — is more probably than not a cheater.

Nobody called Brady a cheater directly in the report — gathering direct proof of his involvement was hampered partly by his refusal to hand over his text messages and emails — but the investigation did find that “it is more probable than not that Brady was at least generally aware of the inappropriate activities.”

Just as it is more probable than not that the Patriots just can’t seem to follow the league’s rules.

Read it all.

Filed under: * Culture-WatchMediaSports* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* International News & CommentaryAmerica/U.S.A.* TheologyAnthropologyEthics / Moral Theology

0 Comments
Posted May 7, 2015 at 6:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The Church Commissioners and The Church of England Pensions Board have today announced the £12million divestment from thermal coal and tar sands.

From today neither body, nor the CBF Church of England funds, will make any direct investments in any company where more than 10% of its revenues are derived from the extraction of thermal coal or the production of oil from tar sands.

This announcement coincides with the adoption of a new climate change policy recommended by the Church's Ethical Investment Advisory Group (EIAG) that sets out how the three national investing bodies (NIBs) will support the transition to a low carbon economy.

Read it all.

Filed under: * Anglican - EpiscopalAnglican ProvincesChurch of England (CoE)* Culture-WatchReligion & Culture* Economics, PoliticsEconomyCorporations/Corporate LifeStock MarketEnergy, Natural Resources* International News & CommentaryEngland / UK* TheologyEthics / Moral Theology

0 Comments
Posted April 30, 2015 at 3:21 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

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.


Filed under: * Culture-WatchBlogging & the Internet--Social NetworkingPsychologyScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeHousing/Real Estate MarketLabor/Labor Unions/Labor MarketPersonal FinanceThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--Politics in General* International News & CommentaryAmerica/U.S.A.* TheologyEthics / Moral Theology

0 Comments
Posted April 27, 2015 at 3:10 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Fundraising site GoFundMe has closed the account that was set up to raise money for Aaron and Melissa Klein, Christians and former owners of a bakery in Gresham, Oregon, who were ordered by a judge Friday to pay a fine of $135,000 for declining to bake a wedding cake for a lesbian marriage ceremony.

"After careful review by our team, we have found the 'Support Sweet Cakes By Melissa' campaign to be in violation of our Terms and Conditions," Oregon Live quoted the site as saying in a statement.

"The money raised thus far will still be made available for withdrawal. While a different campaign was recently permitted for a pizzeria in Indiana, no laws were violated and the campaign remained live. However, the subjects of the 'Support Sweet Cakes By Melissa' campaign have been formally charged by local authorities and found to be in violation of Oregon state law concerning discriminatory acts. Accordingly, the campaign has been disabled," it added.

The account had received $109,000 when the site blocked it.

Read it all from the Christian Post.

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

Filed under: * Culture-WatchBlogging & the Internet--Social NetworkingMarriage & FamilyPsychologyReligion & CultureSexuality--Civil Unions & Partnerships* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePolitics in General* TheologyEthics / Moral Theology


Posted April 27, 2015 at 1:15 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The global economy is awash as never before in commodities like oil, cotton and iron ore, but also with capital and labor—a glut that presents several challenges as policy makers struggle to stoke demand.

“What we’re looking at is a low-growth, low-inflation, low-rate environment,” said Megan Greene, chief economist of John Hancock Asset Management, who added that the global economy could spend the next decade “working this off.”

The current state of plenty is confounding on many fronts. The surfeit of commodities depresses prices and stokes concerns of deflation. Global wealth—estimated by Credit Suisse at around $263 trillion, more than double the $117 trillion in 2000—represents a vast supply of savings and capital, helping to hold down interest rates, undermining the power of monetary policy. And the surplus of workers depresses wages.

Read it all.

Filed under: * Culture-WatchBlogging & the Internet--Social NetworkingGlobalizationPsychologyScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePolitics in General* TheologyAnthropologyEthics / Moral Theology

0 Comments
Posted April 26, 2015 at 2:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

A couple of months ago I lost my mobile phone. I duly called AT&T, my telephone company, to order a replacement — and received a nasty shock.

“So you are living in Shanghai,” an assistant announced, quoting an entirely unfamiliar Chinese address. Baffled, I explained that I didn’t live anywhere near the Bund; my residence was in Manhattan, New York.

“No, you live in Shanghai,” the voice firmly replied. When I protested vociferously, the AT&T official pronounced the three words that we have all come to dread: “You’ve been hacked.” Somebody, somehow, had managed to break into the AT&T systems and switch my cellphone billing address from New York to Shanghai. Presumably, they were Chinese.

Read it all.

Filed under: * Culture-WatchGlobalizationLaw & Legal IssuesScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* TheologyEthics / Moral Theology

0 Comments
Posted April 24, 2015 at 1:50 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

It’s a myth to suggest people on benefits must be scroungers. Most people in poverty in the UK are working. Of the children living in poverty, 61% have working parents.

When the Living Wage is introduced, everyone ­benefits. Morale goes up.

When work feels ­worthwhile, its quality improves. Raising pay to a living wage would reduce the benefits bill, increase tax receipts and boost the economy by stepping up workers’ spending power.

Read it all.

Filed under: * Anglican - EpiscopalAnglican ProvincesChurch of England (CoE)Archbishop of York John Sentamu* Culture-WatchReligion & Culture* Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor MarketPolitics in General* International News & CommentaryEngland / UK* TheologyEthics / Moral Theology

4 Comments
Posted April 24, 2015 at 7:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Take the case of former Charlotte, North Carolina, mayor Patrick Cannon. Cannon came from nothing. He overcame poverty and the violent loss of his father at the age of 5. He earned a degree from North Carolina A&T State University and entered public service at the age of 26 — becoming the youngest council member in Charlotte history. He was known for being completely committed to serving the public, and generous with the time he spent as a role model for young people.

But last year, Cannon, 47, pleaded guilty to accepting $50,000 in bribes while in office. As he entered the city’s federal courthouse last June, he tripped and fell. The media was there to capture the fall, which was symbolic of the much bigger fall of an elected leader and small business owner who once embodied the very essence of personal achievement against staggering odds. Cannon now has the distinction of being the first mayor in the city’s history to be sent to prison. Insiders say he was a good man, but all too human, and seemed vulnerable as he became isolated in his decision-making. And while a local minister argued that Cannon’s one lapse in judgment should not define the man and his career of exceptional public service, he is now judged only by his weakness — his dramatic move from humility and generosity to corruption. And that image of Cannon tripping on his way into court is now the image that people associate with him.

What can leaders do if they fear that they might be toeing the line where power turns to abuse of power? First, you must invite other people in. You must be willing to risk vulnerability and ask for feedback. A good executive coach can help you return to a state of empathy and value-driven decisions. However, be sure to ask for feedback from a wide variety of people. Dispense with the softball questions (How am I doing?) and ask the tough ones (How does my style and focus affect my employees?).

Read it all.

Filed under: * Culture-WatchHistoryPsychologyReligion & Culture* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePolitics in General* TheologyAnthropologyEthics / Moral Theology

1 Comments
Posted April 22, 2015 at 11:15 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Books on how to get the most out of your employees almost always follow the same formula. They start by noting that the secret of business success is employee-engagement: an engaged worker is more productive as well as happier. They go on to point out that most employees are the opposite of engaged (a 2013 Gallup Survey that claims that 70% of American workers are “not engaged” or “actively disengaged” gets a lot of play). They blame this dismal state of affairs on the legacy of Frederick Winslow Taylor, a Philadelphia-born Quaker who became one of America’s first management consultants and in 1911 wrote a book called “The Principles of Scientific Management”. And finally they reveal the secret of making your employees more engaged: treat them like human beings rather than parts in an industrial machine.

The first two books under review are cases in point. They both rely on over-familiar examples of high-performance companies, such as “funky, funny” Zappos and CNN. They come from the same school of poor writing—sloppy sentences, ugly management jargon and pseudo-folksy style. Stan Slap is particularly slapdash. “The Power of Thanks”, by Eric Mosley and Derek Irvine, claims that a “Positivity-Dominated Workplace creates and maintains competitive advantage”. The best way to do this is to thank people regularly. Mr Slap’s “Under the Hood” claims that the best way to maximise business performance is to look under the bonnet of your company, discover the employee culture that lies inside, and then fine-tune it. Fine-tuning involves things like praising good workers and sacking bad ones (“one of the biggest opportunities to create a legend is when the hammer falls right on the culture and someone has to go”).

Laszlo Bock’s “Work Rules!” is much better. Mr Bock has been head of “people operations” at Google since 2006 and has seen the company grow from 6,000 to almost 60,000 people....

Read it all.

Filed under: * Culture-WatchBooksHealth & MedicineHistoryPsychology* Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor Market* TheologyAnthropologyEthics / Moral Theology

0 Comments
Posted April 21, 2015 at 4:59 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

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

Filed under: * Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeHousing/Real Estate MarketLabor/Labor Unions/Labor MarketThe U.S. GovernmentFederal Reserve* South Carolina* TheologyAnthropologyEthics / Moral Theology

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Posted April 19, 2015 at 2:31 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Dan Price was about a mile into a Sunday hike on scenic Mt. Si when he knew what he had to do to change his life — and the lives of others.

His hiking partner and close friend had just been notified that her rent was going up. She had no idea how she would afford the extra couple hundred dollars a month on her salary as the hardworking manager of a luxury spa in pricey Puget Sound.

That's when it hit him. Many of his own employees at Gravity Payments had similar money problems. He was making $1million a year, and the lowest-paid of his workers was averaging about $35,000.

So he decided he would cut his pay, first to $50,000, rising to $70,000 by the end of 2017.
CEO raises workers' minimum pay to $70,000 a year

Dan Price, CEO of Gravity Payments, reportedly stunned his employees with the announcement that workers' minimum wage would rise over the next few years to $70,000.

That would make his compensation mirror his company's lowest-paid employees — after he gave them generous raises.

Read it all and take the time to see this brief video report so you can see the worker's reactions.

Filed under: * Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor MarketPolitics in General* International News & CommentaryAmerica/U.S.A.* TheologyAnthropologyEthics / Moral TheologyPastoral TheologySacramental Theology

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Posted April 17, 2015 at 4:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The baby boom generation is set to leave one last burden to its children and grandchildren – a wave of funeral debt.

The cost of paying for rising numbers of deaths as the unprecedented numbers of post-World War Two babies come to the end of their lives may be too much for many families, a report said.

It predicted that numbers of deaths in Britain, which have been falling for 40 years, will start to go up and increase by 20 per cent over the next two decades.

At the same time the price of a funeral is rising fast, thanks to higher costs for cremation, rising undertakers’ bills as funeral firms are faced with bad debts, and the increasing fees demanded by churches.

Read it all.

Filed under: * Christian Life / Church LifeParish MinistryDeath / Burial / Funerals* Culture-WatchReligion & Culture* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* International News & CommentaryEngland / UK* TheologyAnthropologyEschatologyEthics / Moral TheologyPastoral Theology

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Posted April 17, 2015 at 2:10 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Even worse for Democrats, the Saez paper found that “information about inequality also makes respondents trust government less,” decreasing “by nearly twenty percent the share of respondents who ‘trust government’ most of the time:”

Hence, emphasizing the severity of a social or economic problem appears to undercut respondents’ willingness to trust the government to fix it — the existence of the problem could act as evidence of the government’s limited capacity to improve outcomes.

The findings of the Saez group are consistent with Luttig’s. Taken together, they suggest that even if Democrats win the presidency and the Senate in 2016, largely on the basis of favorable demographic trends, the party will confront serious hurdles if it attempts to deliver material support to working men and women and the very poor. Redistribution is in trouble, and that is likely to tie American politics in knots for many years to come.

Read it all.

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Posted April 17, 2015 at 11:04 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Beer has its Budweiser. Cigarettes have Marlboro. And now, from Nevada to Massachusetts, pioneers in the legal-marijuana industry are vying to create big-name brands for pot.

When the legalization movement began years ago, its grassroots activists envisioned a nation where mom-and-pop dispensaries would freely sell small amounts of bud to cancer patients and cannabis-loving members of their community. But the markets rolling out now are attracting something different: ambitious, well-financed entrepreneurs who want to maximize profits and satisfy their investors. To do that, they’ll have to grow the pot business by attracting new smokers or getting current users to buy more.

To hear these pot-preneurs talk is to get a better sense of how the legalized future could unfold and just how mainstream they believe their product can become. Says Joe Hodas, chief marketing officer at Dixie Elixirs & Edibles, a Denver maker of pot food products: “I want to get that soccer mom who, instead of polishing off a glass of wine on a Saturday night, goes for a 5-mg [marijuana] mint with less of a hangover, less optics to the kids and the same amount of relaxation.”

Read it all.

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Posted April 16, 2015 at 5:15 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Shamar Theus, a 25-year-old working for Postmates, sits in his Ford Focus in San Francisco for about a minute before the first order comes in on his iPhone. Someone not far away wants 18 lb. of crushed ice, and Postmates is offering Theus $4.80 to pick it up and then deliver it. When he accepts the job, his phone guides him to the grocery store and then to the drop-off. “Everyone’s superbusy, overtaxed. So you bring stuff to people’s offices at 8 o’clock at night,” says Theus, who is wearing a smart watch and long black dreadlocks. “People have just reached a point where they’re so busy that they need to outsource these tasks.”

Same-day delivery, an iconic failure of the dotcom boom, is back–and not just for giants Amazon and Google.

Read it all.

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Posted April 15, 2015 at 11:22 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

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.

Read it all.

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Posted April 15, 2015 at 5:45 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Ever since the early 1990s, when it moved out of universities and was embraced by the general public, the internet has grown relentlessly. Only 2% of the world’s population was online in 1997. By 2014 the proportion had risen to 39%, or about 3 billion people (see chart below). But that still leaves another 4 billion who live an internet-free existence.

Most of the bereft are in the developing world, where only 32% of people are online, compared with 78% in rich countries. And those numbers disguise plenty of local variation. Just 19% of people in Africa were internet users in 2014. Like most infrastructure, the internet is easiest to provide in cities. People scattered in the countryside—even those in rich countries—must often do without.

Yet that may be about to change. Four technology companies are pursuing ambitious plans that could, eventually, provide reasonably fast, high-quality connections to almost everyone on Earth. Google dreams of doing so with a globe-circling flock of helium balloons. Facebook’s plan requires a fleet of solar-powered robotic aircraft, known as drones. And two firms—SpaceX, a rocket company, and OneWeb, a startup based in Florida—aim to use swarms of cheap, low-flying satellites. By providing an easy route to the internet at large, local telecoms firms should be able to provide high-speed, third- or fourth-generation mobile-phone coverage to areas far away from the big cities.

Read it all.

Filed under: * Culture-WatchBlogging & the Internet--Social NetworkingGlobalizationScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* TheologyAnthropologyEthics / Moral Theology

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Posted April 15, 2015 at 4:41 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Technology has cut its transformative swath through the media, transportation and hospitality industries. Insurance could be next.

Telematics, the long-distance transmission of computerized information, is a small but growing element of the insurance business. If adopted on a widespread basis, it could revolutionize the underlying risk-spreading methods used for generations, analysts say....

Progressive (NYSE:PGR) has been among the leaders in this area, permitting its customers to insert a "Snapshot" gadget into their cars in order to provide increasingly sophisticated information about their driving habits.

"It made more sense to price premiums on how you actually drive," said David Pratt, Progressive's general manager of user-based insurance.

Read it all.

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Posted April 14, 2015 at 7:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

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.

Read it all.

Filed under: * Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeEuroEuropean Central BankHousing/Real Estate MarketPersonal FinanceThe Banking System/Sector* International News & CommentaryEurope

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Posted April 14, 2015 at 5:02 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Armed with cell phones and a dizzying array of social media choices, half of this area's middle- and high-schoolers in a recent study admitted to social media abuse — from bullying schoolmates to spreading rumors to pressuring others to send sexual texts or pictures.

They also admitted to stalking their partners.

"It begins with the constant texting or the stalking on Facebook. 'Where are you?' and 'Who are you with?'" said researcher Poco Kernsmith, an associate professor of social work at Wayne State University.

What may seem like harmless teen jealousy can spiral into a dangerous relationship if left unchecked, said Kernsmith, whose research has centered on violence in relationships. She led a survey of 1,236 sixth- and ninth-graders at six metro Detroit high schools, a mix of high- moderate- and low-risk schools when measured with crime statistics and poverty levels.

Read it all.

Filed under: * Culture-WatchBlogging & the Internet--Social NetworkingChildrenEducationHealth & MedicinePsychologyTeens / Youth* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* TheologyAnthropologyEthics / Moral Theology

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Posted April 12, 2015 at 2:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

You may read the Episcopal Bishop here and and the Roman Catholic Bishop there.

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Posted April 11, 2015 at 2:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

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).

Filed under: * Culture-WatchChildrenHistoryMarriage & FamilyPsychology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeHousing/Real Estate MarketLabor/Labor Unions/Labor MarketPersonal FinanceThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--Politics in General* TheologyAnthropologyEthics / Moral TheologyPastoral Theology

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Posted April 10, 2015 at 4:55 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Recently adopted net neutrality regulations soon could make your monthly Internet bill more complicated — and potentially more expensive.

Every month, consumers pay a small fee on their phone bills for a federal program that uses the money — a total of $8.8 billion raised nationwide last year — to provide affordable access to telecommunications services in rural areas, underserved inner cities and schools.

Now the fee could start appearing on broadband bills too, in a major expansion of the nearly two-decade-old Universal Service Fund program.Read it all.

Filed under: * Culture-WatchBlogging & the InternetLaw & Legal IssuesScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeThe U.S. GovernmentPolitics in General

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Posted April 9, 2015 at 11:05 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The doctor, who has been practicing medicine for 34 years, needed specialist health help and advice. But being based in "the middle of the woods", Armstrong's closest endocrine specialist was over 300 miles away, he said.

That's when Armstrong logged onto Sermo, a sort of "Facebook for doctors". The service, which launched in 2005 in the U.S., allows members to sign up and chat to each other to find solutions. The company announced the U.K. launch on Wednesday allowing doctors from the U.K. to chat to their U.S. counterparts.

"There's a lot of medical knowledge that when shared across borders will benefit the global healthcare system," Sermo's CEO Peter Kirk, told CNBC by phone.

Read it all.

Filed under: * Culture-WatchBlogging & the Internet--Social NetworkingGlobalizationHealth & Medicine* Economics, PoliticsEconomyCorporations/Corporate Life* TheologyAnthropologyEthics / Moral TheologyPastoral Theology

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Posted April 8, 2015 at 8:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Oil-related job cuts may start to slow: Energy firms announced plans to lay off 1,279 workers in March, down from 16,000 in February. But for oil patch states, other questions remain: the health of the service economy surrounding energy firms, the reliability of tax revenues, and so on.

Some of that uncertainty may be trickling through to the broader economy. Some 42% of all IBD/TIPP respondents still say the U.S. is in a recession in April, nearly six years after the economic recovery began.

Yet recent data has been fitful, making it hard to get a clear read on whether the economy is turning down or just taking a beating from temporary factors — the oil price plunge, severe winter weather, and the West Coast ports labor slowdown, for example.

Read it all.

Filed under: * Culture-WatchPsychology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeHousing/Real Estate MarketLabor/Labor Unions/Labor MarketThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--The U.S. Government* TheologyAnthropologyEthics / Moral Theology

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Posted April 8, 2015 at 7:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon




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Posted April 1, 2015 at 6:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

An influential group of bishops have called on Anglican churches to remove their investments from the fossil fuel companies that are driving climate change.

In a declaration and set of requests aimed at focusing the church’s attention on the “unprecedented climate crisis”, the 17 bishops and archbishops said investments in fossil fuel companies were incompatible with a just and sustainable future.

“We call for a review of our churches’ investment practices with a view to supporting environmental sustainability and justice by divesting from industries involved primarily in the extraction or distribution of fossil fuels,” they said.

Read it all.

Filed under: * Anglican - EpiscopalAnglican ProvincesChurch of England (CoE)CoE Bishops* Culture-WatchReligion & Culture* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeEnergy, Natural ResourcesPolitics in General* International News & CommentaryEngland / UK* TheologyEthics / Moral Theology

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Posted March 30, 2015 at 12:06 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

A recent survey by private health insurance exchange EHealth highlights the pressure Americans are feeling. It found that more than 6 in 10 people say they're more worried about the financial effect of expensive medical emergencies and paying for healthcare than about funding retirement or covering their kids' education.

People who get health insurance through work and on their own have seen their costs rise dramatically over the last decade.

According to the Commonwealth Fund, a New York think tank, annual increases in work-based health plan premiums rose three times faster than wages from 2003 to 2013. Out-of-pocket costs have also been climbing.

"More people have deductibles than ever before," says Sara Collins, a Commonwealth Fund vice president. From 2003 to 2013, the size of deductibles has grown nearly 150%.

Read it all.

Filed under: * Culture-WatchHealth & Medicine--The 2009 American Health Care Reform Debate* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeLabor/Labor Unions/Labor MarketPersonal Finance* TheologyAnthropologyEthics / Moral Theology

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Posted March 30, 2015 at 9:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Google is no stranger to robotics or healthcare technology. The tech giant owns several robotics companies, including Boston Dynamics and its arsenal of robo-dogs and nimble-but-drunk bipedal bots. And the Google X Life Sciences division has created everything from contact lenses that measure blood-sugar levels to tremor-proof spoons for Parkinson’s patients.

Now, the search giant is teaming up with Johnson & Johnson’s Ethicon subsidiary to build what the two hope are the ultimate platform for robotic surgery.

Robot-assisted surgeries aren’t a new thing; in fact, they’ve been around in one form or another since 1985.

Read it all.

Filed under: * Culture-WatchHealth & MedicineScience & Technology* Economics, PoliticsEconomyCorporations/Corporate Life* TheologyAnthropology

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Posted March 30, 2015 at 7:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Raghuram Rajan got it started. On Jan. 15, the governor of the Reserve Bank of India jolted traders on Mumbai’s Dalal Street by cutting interest rates. The surprise was the timing of the announcement: Rajan wasn’t supposed to deliver a policy statement for another 19 days.

The weirdness continued that same day—in Switzerland, of all places. For three years, the Swiss National Bank had steadily bought euros on currency markets to keep the country’s franc from surging in value relative to the euro, and thereby choking off growth. Unorthodox, yes; but global financial markets had grown accustomed to the regular renewal of the bank’s stance. Without warning, however, the Swiss cut the franc’s tether. Swiss National Bank chairman Thomas Jordan also set the benchmark Swiss lending rate at negative 0.75%. In theory, a lower rate should put downward pressure on the franc; not enough in this case, as the franc’s value shot up by 18% in the days that followed. Many hedge funds bled red.

And on it went. The Danes cut interest rates four times in the span of a few weeks. As this issue of the magazine neared deadline, China’s central bank cut rates by a quarter of a percentage point and Poland slashed them by a half point. In the first 60 days of 2015, some 20 central banks had executed stimulus measures.

Read it all.

Filed under: * Culture-WatchGlobalization* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeCredit MarketsCurrency MarketsEuropean Central BankStock MarketThe Banking System/SectorThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--* International News & CommentaryAsiaEurope* TheologyAnthropologyEthics / Moral Theology

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Posted March 29, 2015 at 4:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The notion that Facebook and other social networks will suffer most deeply when the bubble bursts sounds plausible because it rehashes the last tech boom and bust, when advertising revenue run-ups at huge web portals (remember those?) turned out to be funded mainly by venture capital investments. In 2001, revenue at Yahoo — the largest portal, and something like the Facebook of its time — plummeted by almost $400 million when start-ups stopped spending during the bust. Yahoo has never recovered its former glory. Could Facebook face the same fate?

Probably not — or not yet, at least. On closer inspection, the theory that Facebook’s growth depends on unsustainable venture capital is mostly overblown, another strain of Facebook Second Guessing Syndrome. It’s a story that misses important facts about Facebook’s advertising business. For one thing, as Facebook’s executives have repeatedly pointed out, ads from app companies make up a small percentage of the company’s overall business. Most of the social network’s revenue comes from video ads and ads for large brands.
Continue reading the main story

The theory also misses two other points. Not all these ads are coming from unproved start-ups. And the ads are set to be adopted more widely because they actually work.

According to several app makers and observers of the industry, the ads are tremendously effective at leading paying customers to new apps. It’s the effort to reach these paying customers — and not venture funding — that is often the reason for all the money pouring into ads for apps.

Read it all.

Filed under: * Culture-WatchBlogging & the Internet--Social NetworkingMediaScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* TheologyEthics / Moral Theology

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Posted March 26, 2015 at 7:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

With a few short-lived and unsustainable exceptions, the story of the last 30 years appears to be one of constantly falling interest rates and disappointing growth. Central banks try to keep stimulating the economy, but investment demand never really seems to gather pace in response to their efforts. Instead, investment seems stagnant and unresponsive to policy during normal periods, but shoots up during events like the dotcom and real estate bubbles, which then burst and leave everyone worse off.

People have been puzzling over this pattern for decades, but it took a speech by Larry Summers to the IMF in 2013 to really crystallise the whole picture, and bring it into the public eye. Ever since, it’s been known by the term he gave the phenomenon: ‘secular stagnation’. But he didn’t invent it. It was first coined by Alvin Hansen in the post-Depression 30s, when technological progress seemed to have ground to a halt.

The revival of the term could be misleading on a number of levels.

Read it all.

Filed under: * Culture-WatchGlobalizationHistoryPsychologyScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeEuropean Central BankHousing/Real Estate MarketLabor/Labor Unions/Labor MarketPersonal FinanceThe U.S. GovernmentFederal Reserve* TheologyEthics / Moral Theology

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Posted March 25, 2015 at 6:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Robots and computer programs could almost wipe out human workers in jobs from cooks to truck drivers, a visiting researcher has warned.

Driverless cars and even burger-flipping robots are among the technological advancements gunning for low-skilled jobs across dozens of industries.

University of Oxford Associate Professor in machine learning Michael Osborne has examined the characteristics of 702 occupations in the US, predicting 47 per cent will be overtaken by computers in the next decade or two.

Read it all.

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Posted March 25, 2015 at 5:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

U.S. auto production is nearing all-time highs on the back of strong domestic demand and steady export increases. But American-made cars and trucks are increasingly loaded with parts imported from Mexico, China and other nations.

The U.S. imported a record $138 billion in car parts last year, equivalent to $12,135 of content in every American light vehicle built. That is up from $89 billion, or $10,536 per vehicle, in 2008—the first of two disastrous years for the car business. In 1990, only $31.7 billion in parts were imported.

The trend casts a cloud over the celebrated comeback of one of the nation’s bedrock industries. As the inflow of low-cost foreign parts accelerates, wages at the entry level are drifting away from the generous compensation packages that made car-factory jobs the prize of American manufacturing.

Read it all.

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Posted March 24, 2015 at 4:45 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

For all its brutality, ISIS is often praised for its social media savvy and a passion among its members akin to that of a very famous Silicon Valley start-up, says one Muslim social media entrepreneur. The way to defeat the group’s extremism is by harnessing the creativity of entrepreneurs, he says.

Listen to it all (about 4 minutes).

Filed under: * Culture-WatchGlobalizationMediaReligion & CultureViolence* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeTerrorism* Religion News & CommentaryOther FaithsIslam* Theology

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Posted March 22, 2015 at 5:05 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

To understand where this cyber-libertarian ideology came from, you have to understand the influence of “A Declaration of the Independence of Cyberspace,” one of the strangest artifacts of the ’90s, and its singular author, John Perry Barlow. Perhaps more than any other, it’s his philosophy — which melded countercultural utopianism, a rancher’s skepticism toward government and a futurist’s faith in the virtual world — that shaped the industry.

The problem is, we’ve reaped what he sowed.

Generally the province of fascists, artists or fascist artists, manifestos are a dying form. It takes gall to have published one anytime after, say, 1938. But “A Declaration of the Independence of Cyberspace” was an utterly serious document for a deliriously optimistic era that Wired, on one of its many valedictory covers, promised was a “long boom”: “25 years of prosperity, freedom, and a better environment for the whole world.” Techno-skeptics need not apply.

Read it all.

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Posted March 22, 2015 at 4:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The way to eliminate potholes, or at least diminish their number, is to keep the roads in good shape, with regular resurfacing. But far less is being done than required. And the same goes for the rest of the infrastructure in the US: not just roads, but ports and airports, bridges, railways and power grids, those boring basics that keep a country running. America, to believe the title of a recent television documentary on the subject, is falling apart – literally.

Not so long ago the opposite was true. The US was the shining future that had already arrived. It had the best technology, the most modern cities, the fanciest cars, the most up-to-date airports. The jewel in the crown was the interstate highway system, built in the 1950s and 1960s to knit a continent together.

Alas, sooner or later, youthful beauty fades. And so it is with America’s infrastructure. Many of those projects date back to the immediate post-war years, even to FDR’s New Deal to counter the Great Depression. More than half a century later, they’re in desperate need of overhaul or replacement.

Surveys merely confirm America’s relative slide.

Read it all from Rupert Cornwell.

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Posted March 22, 2015 at 1:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

On the one hand, scientists are excited about these techniques because they may let them do good things, such as discovering important principles about biology. It might even lead to cures for diseases.

The big worry is that CRISPR and other techniques will be used to perform germline genetic modification.

Basically, that means making genetic changes in a human egg, sperm or embryo.

Read it all.

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Posted March 21, 2015 at 2:45 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Virtual reality is just getting started. A bunch of companies, including HTC, Samsung, and Sony have shown off headsets that immerse you in a virtual world, and Facebook's Oculus — credited with kickstarting the latest craze — has been selling a version to developers for some time now.

But most people have never tried or even seen a VR headset, much less been able to buy one.

That's going to change, fast. Business Insider Intelligence expects VR to be the next big thing in gaming, with 26.5 million units sold in 2020. That would give it a compound annual growth rate of nearly 100% — in other words, sales, on average, will double every year for the next five. So get ready to be immersed.

Read it all.

Filed under: * Culture-WatchPsychologyScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life

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Posted March 19, 2015 at 5:01 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Rarely have investors lavished so much attention on a single word. After a two-day meeting, the Federal Reserve dropped the word “patient” from its monetary-policy statement. Why the fuss over this single word?

"Patient”, in Fed-speak, indicates that it will hold off increasing interest rates for at least two meetings. Now the word has been ditched, at subsequent meetings (most probably in June) we could see rates move off from rock-bottom for the first time since 2008.

The last rate-tightening cycle began over a decade ago. The Fed feels comfortable, it seems, with raising interest rates now that unemployment has moved towards 5.5%. The latest forecasts from the Fed show that it expects the economy to expand by 2.3%-2.7%, a slight fall from the projections in December but still one of the strongest in the OECD, a club of mostly rich countries.

Read it all.

Filed under: * Culture-WatchGlobalization* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeCredit MarketsCurrency MarketsHousing/Real Estate MarketLabor/Labor Unions/Labor MarketPersonal FinanceStock MarketThe Banking System/SectorThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--The U.S. GovernmentFederal Reserve* TheologyEthics / Moral Theology

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Posted March 18, 2015 at 4:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Employers want to know who has one foot out the door.

As turnover becomes a bigger worry—and expense—in a tightening labor market, companies including Wal-Mart Stores Inc.,Credit Suisse Group AG and Box Inc. are analyzing a vast array of data points to determine who is likely to leave a post.

The idea, say people who run analytics teams, is to give managers early warning so they can take action before employees jump ship.

Corporate data crunchers play with dozens of factors, which may include job tenure, geography, performance reviews, employee surveys, communication patterns and even personality tests to identify flight risks, a term human-resources departments sometimes use for people likely to leave.

The data often reveal a complex picture of what motivates workers to stay—and what causes them to look elsewhere.

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Filed under: * Culture-WatchScience & Technology* Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor Market

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Posted March 17, 2015 at 12:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

A crackdown by the Obama administration on “tax inversion” deals, which allowed US companies to slash their tax bills, has had the perverse effect of prompting a sharp increase in foreign takeovers of American groups.

In September the US Treasury all but stamped out tax inversions, which enabled a US company to pay less tax by acquiring a rival from a jurisdiction with a lower corporate tax rate, such as Ireland or the UK, and moving the combined group’s domicile to that country.

The move was designed to staunch an exodus of US companies and an erosion in tax revenues, but it has left many US groups vulnerable to foreign takeovers. Once a cross-border deal is complete, the combined company can generate big savings by adopting the overseas acquirer’s lower tax rate.

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Filed under: * Culture-WatchLaw & Legal Issues* Economics, PoliticsEconomyCorporations/Corporate LifeTaxesThe U.S. GovernmentForeign RelationsPolitics in General* TheologyEthics / Moral Theology

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Posted March 16, 2015 at 5:15 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

[At the]International Bankers’ banquet on Wednesday night...the evening’s highlight was the speech by (old Etonian) Archbishop of Canterbury, a former school friend of livery master Mark Seligman. Justin Welby mused that “we all inherit baggage from our predecessors” and reassured the audience: “We [the Church] know more about losing the plot than any of you”. Banks should “change the way they operate and interact.” The impact was immediate. One top banker in the audience, who won a sweepstake on the length of the Archbishop’s speech (16m 21s), was about to pocket the winnings. He then thought better of it. And offered the money to charity.

Read it all.

Filed under: * Anglican - EpiscopalArchbishop of Canterbury --Justin Welby* Culture-WatchReligion & Culture* Economics, PoliticsEconomyCorporations/Corporate LifeThe Banking System/Sector* International News & CommentaryEngland / UK* TheologyEthics / Moral Theology

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Posted March 13, 2015 at 5:31 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The thrift store has enjoyed something of a new life as of late, birthing chart-topping pop songs and becoming the shopping destination of choice for hipsters looking for vintage wares that are “authentic.” Of course, such stores, often run by Goodwill or the Salvation Army, serve a non-trendy role, too, as a shopping destination of necessity for America’s working class. It was not always thus.

“As early as the colonial era, writers, politicians, and other vocal critics denounced the sale of used goods,” writes Jennifer Le Zotte in New England Quarterly. Partly, it was born of a vague sense that such goods were sullied or unwholesome, but, writes Le Zotte, some of the opposition can be traced to anti-semitism (in this case, directed at Jewish-owned pawn shops).

One such illustration comes from “The Blue Silk,” a short story in the May 1884 Saturday Evening Post, in which the protagonist, Louisa, buys a pre-owned dress from the “Jewess behind the counter” of a resale store. When she wears it to a party, not only is she is socially ostracized for wearing the old dress of another girl, but she comes down with small-pox because of contamination from the resale store. The story neatly combined earnest bigotry with worries of the moral and physical dangers thought to accompany secondhand clothing.

Read it all from Caitlin Moniz and Zack Stanton in the Wilson Quarterly.

Filed under: * Culture-WatchCharities/Non-Profit OrganizationsHistory* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePersonal Finance* TheologyAnthropologyEthics / Moral Theology

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Posted March 11, 2015 at 4:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

...with 10 league games still to play, United sit in fourth position, two points clear of closest challengers Liverpool.

With sixth-placed Tottenham to visit Old Trafford on Sunday, ahead of a trip to Anfield to face Liverpool seven days later, the green shoots of recovery will be close to blossoming should Van Gaal mastermind two victories.

Two defeats, though, would leave United in danger of falling short and set the clock ticking on Van Gaal getting it right next season.

Read it all.

Filed under: * Culture-WatchMenSports* Economics, PoliticsEconomyCorporations/Corporate Life* International News & CommentaryEngland / UK

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Posted March 10, 2015 at 6:10 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

In a landmark ruling, a Barcelona judge has decided three sex workers should have been hired full-time by a brothel owner and ordered her to pay contributions to the government so the prostitutes will be eligible for national health care, disability insurance, unemployment benefits and government pensions.

The ruling issued in February - and made public this week - can be appealed and does not create a precedent for Spain's estimated hundreds of thousands of prostitutes, whose ranks are believed to have increased during the country's crushing financial crisis that started in 2008 and lingers with unemployment at 24 percent.

But advocates for sex workers said Tuesday that Judge Juan Agusti Maragall's decision is important because it recognizes the legal inability of some brothel workers to get benefits mandated for employees of companies.

Read it all.

Filed under: * Culture-WatchLaw & Legal IssuesSexuality* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePolitics in General* International News & CommentaryEuropeSpain* TheologyEthics / Moral Theology

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Posted March 10, 2015 at 3:08 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

In a country recently transfixed by the trial of a famous politician that revealed details of his orgy escapades, and where the president was found to be cheating on his live-in partner, an ad promoting extramarital affairs might not seem like such a big deal.

But even in famously libertine France, the latest advertising campaign — evoking the temptations of Eve with a partly eaten apple — for a dating website geared to married women looking for affairs has spawned a backlash and a national debate.

The ads for the dating website Gleeden, which bills itself as “the premier site for extramarital affairs designed by women,” were recently splashed on the backs of buses in several French cities. Seven cities decided to withdraw the ads, and opponents have mobilized against them on social media, providing the latest example of a prominent cultural divide in France about the lines between public morality, private sexual conduct and the country’s vaunted freedom of expression.

Read it all.

Filed under: * Culture-WatchBlogging & the Internet--Social NetworkingLaw & Legal IssuesMarriage & FamilyPsychologyReligion & CultureSexuality* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* International News & CommentaryEuropeFrance* Religion News & CommentaryOther ChurchesRoman Catholic* TheologyEthics / Moral Theology

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Posted March 10, 2015 at 7:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Putnam then goes on to explain, through the lens of accumulated social-science research, how important parenting and family structure are to life outcomes for children. Early childhood stimulation, appropriate role models, stable expectations and family dinners are all part of the environment needed to produce upwardly mobile adults, and almost all are lacking today for Americans from less educated backgrounds. Many people overcome dysfunctional families, but it is far easier to do so with adequate resources. Economic inequality thus becomes self-reinforcing through the mechanism of absent families.

Putnam points out that while both gender and racial equality have greatly improved over this period, the gains have been completely offset by widening class differences. College-educated Americans have been pulling away from their high school-educated peers within subgroups such as African-Americans, Hispanics and women. There is today a substantial upwardly-mobile black middle class that, like its white counterpart, has moved to the suburbs and segregated itself from the poor.

Back in the 1980s, the debate over black poverty was polarised between liberals who blamed structural (ie economic) factors such as the decline in manufacturing jobs, and conservatives who denounced permissiveness and shifting cultural norms for the breakdown of families. Putnam makes very clear that both of these causes are at work in the present crisis. The huge erosion of middle-class jobs in countless manufacturing industries has led to a decline in real incomes of 22 per cent since 1980 for high-school dropouts, and 11 per cent for high-school graduates. But culture also matters: while rising joblessness produces social dysfunction in all societies, the stresses of the Great Depression did not lead to an explosion of single-parent families because of cultural norms then in place, such as the stigmatisation of unwed parenthood and shotgun weddings. Conservatives who see family breakdown as a simple matter of cultural decay, however, have to explain the emergence of “helicopter parents” and steadily strengthening family bonds among the college-educated.

Read it all.

Filed under: * Culture-WatchBooksChildrenHistoryMarriage & FamilyPoverty* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePersonal FinancePolitics in General* TheologyEthics / Moral Theology

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Posted March 8, 2015 at 3:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Mr. Cleary’s bill would put the cap at $1,400 and would have all of the sales taxes collected for motor vehicles applied to road and bridge improvements. The bill also seeks additional funding by closing other tax exemptions. And it would make long-term cost cuts possible by turning over local roads under state control to local jurisdictions, with funding assistance for their maintenance. Of the 41,000 miles of state roads, almost 45 percent are a mile or less in length.

Mr. Cleary estimates that his plan would raise $800 million a year, all of which would be directed to the specific purpose of improving the state road system. Indeed, the gas tax should be viewed as a user fee, by which motorists pay for the wear and tear on the state’s highways and bridges. It is evident that the gas tax hasn’t kept pace with the need, and that additional sources of revenue will have to be tapped.

Funding for a safe transportation system is a primary responsibility of the Legislature, and the evidence clearly available to the motoring public shows just how badly the Legislature has fallen down on the job. Lawmakers should take a simple, direct approach that will begin to address the specific problem of road needs, without getting sidetracked on issues of tax neutrality and agency restructuring. Keeping highways and bridges functional and safe shouldn’t be such a difficult problem for the Legislature to address.

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Filed under: * Culture-WatchTravel* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePersonal FinanceTaxesEnergy, Natural ResourcesPolitics in GeneralState Government* South Carolina* TheologyEthics / Moral Theology

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Posted March 8, 2015 at 2:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The nation’s shortage of doctors will rise to between 46,000 and 90,000 by 2025 as the U.S. population grows, more Americans gain health insurance and new alternative primary care sites proliferate.

A new study announced by the Association of American Medical Colleges (AAMC), a lobby for medical schools and teaching hospitals, said “the doctor shortage is real” with total physician demand projected to grow by up to 17 percent as a population of baby boomers ages and the Affordable Care Act is implemented.

“It’s particularly serious for the kind of medical care that our aging population is going to need,” said Dr. Darrell Kirch, AAMC’s president in a statement accompanying the analysis by research firm IHS.

Read it all.

Filed under: * Culture-WatchAging / the ElderlyHealth & Medicine--The 2009 American Health Care Reform Debate* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeLabor/Labor Unions/Labor MarketPersonal FinanceThe U.S. GovernmentPolitics in General* International News & CommentaryAmerica/U.S.A.* TheologyAnthropologyEthics / Moral Theology

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Posted March 7, 2015 at 3:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Mercedes-Benz Vans will build a new assembly plant for its Sprinter vans in this Lowcountry town, investing a half-billion dollars and creating 1,300 jobs, the company said Friday.

The company said the plant will allow vans to be more economically produced for the growing U.S. market. It will manufacture vans under the Mercedes-Benz and Freightliner nameplates.

Last year the company, a division of Daimler AG, sold almost 26,000 Sprinters in the United States, second only to sales in Germany.

Read it all.


Filed under: * Culture-WatchGlobalization* Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor Market* South Carolina

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Posted March 7, 2015 at 11:01 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

...there are more than 6.5 million people working part time who would like to have more hours.

Randa Jama pushes airline passengers on wheelchairs to their gates at the Minneapolis-St. Paul International Airport. This had been a full-time job when she took it last fall, but then a couple of months later, that changed.

"They told me that you're working only Saturday and Sunday from now," she says.

That cut her hours to 12 a week. Sometimes, her supervisors ask her at the last minute to stay late or do an extra shift. Since she cut back on babysitters, she can't accommodate.

Read it all.

Filed under: * Culture-WatchHealth & MedicinePsychology* Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor MarketPersonal Finance* TheologyAnthropologyEthics / Moral Theology

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Posted March 7, 2015 at 8:31 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The real point is that the economic landscape in which we are operating is not only competitive; it is changing constantly. This year, our industry reached an important milestone. For the first time, people are spending more time on mobile devices than on their desktop computers. Time spent on desktops has now fallen to just 40%. And people use mobile devices very differently from the way they use desktops. Seven out of every eight minutes spent on a mobile phone is spent within an app, and the most popular app in the world is Facebook.

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Filed under: * Culture-WatchBlogging & the Internet--Social NetworkingGlobalizationLaw & Legal IssuesScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeForeign RelationsPolitics in General* TheologyAnthropologyEthics / Moral Theology

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Posted March 5, 2015 at 1:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

These days Persson pays less attention to the heckling on Twitter and more to the insults hurled his way by close friends on a WhatsApp group they’ve crudely titled Farts. The unleashed Persson has regressed toward adolescence. At the temporary office for Rubberbrain, jokes about male genitalia and laughter bounce off the ceiling and elicit annoyed floor banging from the upstairs neighbor.

Persson ignores the foot-thumped berating much like he’s done with the armchair trolls. He says he’s taken fondly to the mute button on Twitter, which allows him to tune out unkind people without notifying them that they’ve been blocked. Occasionally, though, his curiosity will get the best of him, and he’ll reply. Lately he’s been responding to his haters with a moving image from the movie Zombieland of Woody Harrelson wiping tears away with a wad of money. “I’m aware that tweeting the image is a little douchey,” he shrugs. He’s equally gauche with people he likes, broadcasting his vacations via chartered jet on Snapchat. As for girls, “I tried to use Tinder, it didn’t work. In Sweden it’s horrible; there’s only like four people.” Hence the $180,000 nightclub bills.

“I’m a little bit making up for lost time when I was just programming through my twenties,” he says. “Partying is not a sane way to spend money, but it’s fun. When we were young we did not have a lot of money at all, so I thought, if I ever get rich I’m not going to become one of those boring rich people that doesn’t spend money.”

Right now he’s spending on the permanent office for his new company–a teenage boy’s fantasy that will include a full-service bar, a DJ booth (he’s learning how to spin) and secret rooms hidden by bookshelves–despite the fact that Rubberbrain is nothing more than a name waiting for an idea.

Little inspiration seems imminent.

Read it all.

Filed under: * Culture-WatchBlogging & the Internet--Social NetworkingPsychologyScience & Technology* Economics, PoliticsEconomyCorporations/Corporate LifePersonal Finance* TheologyAnthropologyEthics / Moral Theology

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Posted March 5, 2015 at 7:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Based on oral arguments this morning, the latest Supreme Court showdown over Obamacare could lead to another narrow ruling determining the fate of the health-care program. Here are five important takeaways from the hearing in King v. Burwell, a challenge an IRS rule providing financial assistance to millions purchasing health insurance through federal-run exchanges offered in states that did not create their own online marketplaces....

(1) The vote will be close. The four justices from the court's liberal wing appear on board with the Obama administration's argument that all exchanges -- whether state or federal -- can offer subsidies. Justice Anthony Kennedy and Chief Justice John Roberts are still potential swing votes. Justices Antonin Scalia and Samuel Alito seem to sympathize with the plaintiffs' argument that the text of the Affordable Care Act only authorizes subsidies in state-run exchanges....

Read it all.

Filed under: * Culture-WatchHealth & Medicine--The 2009 American Health Care Reform DebateLaw & Legal Issues* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePersonal FinancePolitics in General* TheologyEthics / Moral Theology

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Posted March 5, 2015 at 5:20 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

With all the changes in healthcare over the past few years, many system and hospital leaders now acknowledge the importance of employee engagement. Employees are the one constant in the healthcare equation, and their ability to persevere during times of change can determine whether a healthcare system maintains its quality of care and patient service.

Yet, for some reason, the concept of physician engagement isn't getting the attention it deserves. Perhaps healthcare leaders assume that physicians are self-motivated and their interest in their patients or research trumps the need to engage them.

But physician engagement is vital to a hospital's or system's success. I

Read it all.

Filed under: * Culture-WatchHealth & MedicinePsychology* Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor Market* TheologyAnthropology

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Posted March 4, 2015 at 8:01 am [Printer Friendly] [Print w/ comments]




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