Posted by Kendall Harmon

At this year's Acton University conference, you spoke on how love is an indispensable basis for economic life. To some, that might seem odd if economic life is viewed as the maximization of utility and material well-being.

We can’t enter the marketplace as something other than what we really are, and real human love demonstrates the impossibility of being merely homo economicus (“the economic man”), which is essentially a thesis that reduces human beings to their materiality.

Humans are simultaneously material and transcendent, individual and social. We are not merely individual entities, though we are uniquely and unrepeatably that, even from the first moment of our conception. Yet the whole of our lives we are social and individual, material and spiritual. If we ignore this existential reality, then we fail to understand what it means to be human.

Love—authentic human love—helps us understand this anthropological reality. Even conjugal love offers more than physicality. In this act of love, we offer our whole selves, including our ideals, dreams, and indeed our future to one another—none of which exists in material reality. Love, especially in the biblical sense, is not merely what one wants for oneself, but is a free decision that wills the good of the person one loves. And this transcendent act, this non-material dimension of human anthropology—when open to new life—normatively results in other human persons who are made from the dust of the earth and the breath of life.

Read it all.

Filed under: * Culture-WatchPsychology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeLabor/Labor Unions/Labor Market* TheologyAnthropologyEthics / Moral Theology

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Posted November 23, 2014 at 3:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Dozens of faith leaders and consumer advocates are pressing Congress to create a national interest rate cap for payday lenders instead of the exorbitant three-digit rates currently charged to people in several states. Eighty activists from 22 states came to Washington in hopes of shaping new regulations that are expected from the Consumer Financial Protection Bureau. Many of their congregations are surrounded by payday loan businesses that they say prey on poor residents by charging high interest rates and creating a cycle of debt.

“Together, you guys are really bringing a strong message and a light and a moral perspective about predatory lending that’s valuable,” said Rachel Anderson, director of faith-based outreach for the Center for Responsible Lending, which spearheaded a three-day visit and training session for religious leaders on Capitol Hill. “We hope that your message is heard strongly.”

The leaders asked members of Congress on Wednesday (November 19) to pass legislation capping interest rates, citing a 36 percent interest cap required by the Military Lending Act. “If it’s fair for the military, we felt it should be fair for all people,” said the Rev. Susan McCann of Grace Episcopal Church in Liberty, Missouri.

Read it all.


Filed under: * Culture-WatchPovertyReligion & Culture* Economics, PoliticsEconomyCorporations/Corporate LifePersonal FinanceThe Banking System/SectorPolitics in General* TheologyEthics / Moral Theology

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Posted November 21, 2014 at 6:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

One80 Place's program isn't unique: There are dozens of similar kitchen-based initiatives across the country, ranging from modest Culinary 101-type classes to full-fledged restaurants serving the public. But it's especially appropriate for Charleston, where severe understaffing threatens to upend the local food-and-beverage economy.

The lurking downer is that the efficacy of such programs remains remarkably unclear. Scholars have scrutinized the causes of homelessness and the demographics of the U.S. homeless population, but whether job training leads to long-term employment remains largely unexplored. Even Catalyst Kitchens, a national network of organizations that "transform lives through foodservice job training and social enterprise," couldn't muster any evidence showing kitchen-centered training results in better outcomes than other interventions.

"We're all sort of finding our way," says Angela DuPree, One80 Place's director of operations.

Read it all.

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

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Posted November 20, 2014 at 5:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Sen. Mary Landrieu’s bid to pass a Keystone XL pipeline bill fell short by the slimmest of margins Tuesday, leaving the $8 billion pipeline still on the table for the ascendant Republican Party to push the project to President Barack Obama’s desk in January.

The 59-41 Senate vote was just shy of the 60 votes needed to pass the bill, following a dramatic six days of whipping by the embattled Louisiana Democrat on an issue that almost all of Washington had expected to sit idle until next year.

The defeat deals a blow to Landrieu’s campaign ahead of her Dec. 6 runoff against GOP Rep. Bill Cassidy, whom polls show running comfortably ahead. Winning on Keystone would have helped her demonstrate her clout on the Hill as a champion of her state’s influential oil and gas industry.

Read it all.

Filed under: * Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor MarketEnergy, Natural ResourcesForeign RelationsPolitics in GeneralSenate* International News & CommentaryAmerica/U.S.A.Canada* TheologyEthics / Moral Theology

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Posted November 19, 2014 at 7:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The war between the giants of the technology industry for the attention of the world’s office workers look like it is about to take an unexpected turn.

Fundamental changes in the daily lives of millions of so-called “information workers” have already triggered a corresponding upheaval in the technology tools on which they rely. Staples such as email and Microsoft’s Office suite of products still hold sway, but they are increasingly being supplemented by services like group chat, internal social networks and shared online document editing.

Now, Facebook’s ambition to create a version of its social network for the office, first reported in the Financial Times this week, promises a new twist.

Read it all.

Filed under: * Culture-WatchBlogging & the Internet--Social NetworkingScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeLabor/Labor Unions/Labor Market* TheologyAnthropologyEthics / Moral Theology

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Posted November 18, 2014 at 5:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

“The upcoming OPEC meeting is going to be the most difficult one during this century,” said Mohammad al-Sabban, a former senior adviser to Mr. Naimi. “It seems that OPEC has forgotten how to cooperate.”

Within the group, officials are increasingly worried its divisions contribute to weaker prices. “If OPEC fails to reach an agreement,” one OPEC official said, “oil prices will keep on falling....”

A collective move to cut output could boost prices, but it would also rob OPEC members of revenue. It is unclear how long such vulnerable OPEC economies as Venezuela and Nigeria could afford to limit production without reopening the spigots.

Read it all.

Filed under: * Culture-WatchGlobalizationHistory* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeEnergy, Natural ResourcesForeign RelationsPolitics in General* International News & CommentaryAfricaMiddle EastSouth AmericaVenezuela* TheologyEthics / Moral Theology

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Posted November 18, 2014 at 7:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Maria Fernandes died for the sake of a nap. The 32-year-old held three part-time jobs, and between shifts at two different Dunkin’ Donuts locations she stopped in a parking lot in Elizabeth, New Jersey, to sleep in her car. Fumes from a spilled fuel container that had tipped over—she worried about running out of gas—and exhaust from her vehicle ended her life on August 25. According to her manager, this was the first time Fernandes failed to show up or answer her phone. Her friends remembered a generous, sentimental, spirited young woman.

Fernandes was part of what economist Joe Seneca calls the “real face of the recession”: 7.5 million American workers cobbling together a living from part-time jobs. While the shortage of full-time jobs at adequate wages is a familiar story in America’s lingering downturn, the cruel shortage of sleep is not.

It should be. “A battle against leisure is unfolding,” Ryan Jacob claims in a Pacific Standard article called, provocatively enough, “Are Sundays Dying?” Citing Canadian survey data, Jacob found that even in this last citadel of repose, religious observances, socializing, eating at home, and, yes, sleep had all declined on Sundays between 1981 and 2005. During the same period, time spent working increased dramatically.

Read it all and alert blog readers may remember that I posted Ms. Fernandes tragic story back in October.

Filed under: * Christian Life / Church LifeLiturgy, Music, WorshipParish Ministry* Culture-WatchReligion & CultureSports* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* TheologyAnthropologyEschatologyEthics / Moral Theology

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Posted November 18, 2014 at 6:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Another day, another football player arrested for domestic violence.

Frank Clark, a senior defensive end for the University of Michigan, was arrested Sunday for allegedly attacking his girlfriend in a Perkins, Ohio hotel room. Sports analysts predict Clark will be a third-round NFL draft pick next year. It’s the latest in a string of scandals involving football players this year–including Baltimore Ravens’ Ray Rice and Minnesota Vikings’ Adrian Peterson–that has prompted the NFL to implement a revamped domestic violence policy.

But Drew Pittman, a Christian NFL sports agent whose firm has negotiated almost $1 billion in player contracts, claims we’re missing the real problem. He says America–not just sports–is experiencing an epidemic of men who are not equipped to be husbands and fathers. He’s compiled stories and principles from his career in a new book, First Team Dad: Your Playbook for a Winning Family (foreword by Super Bowl winning coach Tony Dungy), and argues that our real problem is ungodly men. Here we discuss his book, sports scandals, and what he believes every parent can learn about parenting and marriage from professional sports.

Read it all.

Filed under: * Culture-WatchChildrenLaw & Legal IssuesMarriage & FamilyMenSportsViolenceWomen* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* International News & CommentaryAmerica/U.S.A.* TheologyEthics / Moral Theology

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Posted November 17, 2014 at 11:28 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Federal drug agents conducted surprise inspections of National Football League team medical staffs on Sunday as part of an ongoing investigation into prescription drug abuse in the league. The inspections, which entailed bag searches and questioning of team doctors by Drug Enforcement Administration agents, were based on the suspicion that NFL teams dispense drugs illegally to keep players on the field in violation of the Controlled Substances Act, according to a senior law enforcement official with knowledge of the investigation.

The medical staffs were part of travel parties whose teams were playing at stadiums across the country. The law enforcement official said DEA agents, working in cooperation with the Transportation Security Administration, inspected multiple teams but would not specify which ones were inspected or where.

The San Francisco 49ers confirmed they were inspected by federal agents following their game against the New York Giants in New Jersey but did not provide any details. “The San Francisco 49ers organization was asked to participate in a random inspection with representatives from the DEA Sunday night at MetLife Stadium,” team spokesman Bob Lange said in an e-mailed statement. “The 49ers medical staff complied and the team departed the stadium as scheduled.”

Read it all.

Filed under: * Culture-WatchDrugs/Drug AddictionLaw & Legal IssuesSports* Economics, PoliticsEconomyCorporations/Corporate LifeThe U.S. Government* International News & CommentaryAmerica/U.S.A.* TheologyEthics / Moral Theology

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Posted November 17, 2014 at 6:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The Anglican Diocese of Southwark has received accreditation from the Living Wage Foundation as a Living Wage employer.

This means that everyone who regularly works in the diocesan offices in Chapel Court off Borough High Street receives at least the London Living Wage of £9.15 per hour.

"The Diocese of Southwark is proud to join more than 1,000 employers nationwide who are determined to help people earn enough to provide their family with the essentials of life by paying the Living Wage, which more accurately reflects the real cost of living," said diocesan secretary Simon Parton.

Read it all.

Filed under: * Anglican - EpiscopalAnglican ProvincesChurch of England (CoE)* Culture-WatchReligion & Culture* Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor Market* TheologyEthics / Moral Theology

3 Comments
Posted November 12, 2014 at 11:25 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The truth is we all lose out from the inequity of low pay. Billions of pounds are spent each year on topping up the incomes of low paid workers at a time when public finances are very tight. Demand is sucked out of the economy by the lack of spending power of a fifth of the workforce. And where inequality grows, we all become diminished. It makes us all poorer.

But amidst this darkness, some light has begun to shine through, and many of you are part of that light, as you have embraced the principle of paying a Living Wage. Over 1,000 employers – from Local Councils, to small and large private businesses, are now accredited by the Living Wage Foundation. The number of Living Wage Employers in the FTSE 100 has risen from four to 18.

I would like to thank you, and the other organisations here that not only support work on the Living Wage but are also accredited themselves. You are leading the way for responsible employers.

The other good news we heard recently is that the Living Wage has now been increased by 2.6%, in line with the actual cost of living.

But there is still a long way to go....

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 MarketPersonal FinancePolitics in General* International News & CommentaryEngland / UK* TheologyEthics / Moral Theology

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Posted November 12, 2014 at 8:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Terrorists and criminals are exploiting a European court ruling to hide internet records about their pasts, a cabinet minister has warned.

Sajid Javid, the culture secretary, unleashed a fierce rebuke to “unelected judges” in Luxembourg who passed the “right to be forgotten” law. It grants anyone the right to demand the removal of damaging or embarrassing information from search engines, even if it is factually true.

Mr Javid hit out at the ruling as “censorship by the back door”. In a speech to newspaper editors, he said that thousands of requests to remove links to articles were pouring in to companies such as Google from people who “for one reason or another, would prefer their pasts to be kept secret”.

Read it all (requires subscription).


Filed under: * Culture-WatchLaw & Legal IssuesScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePolitics in GeneralTerrorism* International News & CommentaryEngland / UKEurope* TheologyEthics / Moral Theology

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Posted November 12, 2014 at 6:15 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Advances in robotics and computing could wipe out as much as a third of all UK jobs over the next 20 years, a new report has claimed.

More than 10 million roles are likely to be replaced by automated systems, with repetitive, lower-paid jobs (those earning less than £30,000 a year) five times more likely to be made obsolete than higher-paid jobs.

Experts said the trends identified in the report were already well under way, with “high risk” jobs identified in “office and administrative support; sales and services; transportation; construction and extraction; and production.”

Read it all.

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

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Posted November 10, 2014 at 8:15 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Investors’ long-term success may increasingly depend not just on the narrow financial performance of the companies whose shares they buy, but on how well they manage the ethical questions that will ultimately shape the outcomes for those companies.

While many asset owners look on responsible investing as an ethical obligation, the growing consensus is that it is also good business.

This view casts responsibility as a question of risk management. If you invest only in businesses with good human rights practices, engagement with local communities, clear accountability through the supply chain and clarity about exposure to resource scarcity, you are less likely to be caught out by an unforeseen problem such as protests over water rights or litigation following an oil spill, such as BP’s Deepwater Horizon debacle in the Gulf of Mexico.

Read it all.

Filed under: * Culture-WatchGlobalizationLaw & Legal Issues* Economics, PoliticsEconomyCorporations/Corporate LifeStock Market* TheologyEthics / Moral Theology

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Posted November 10, 2014 at 7:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The Supreme Court announced Friday that it will hear the most serious challenge to the Affordable Care Act since the justices found it constitutional more than two years ago: a lawsuit targeting the federal subsidies that help millions of Americans buy health insurance.

More than 4 million people receive the subsidies, which the Obama administration contends are essential to the act by making insurance more affordable for low- and middle-income families.

But challengers say the administration is violating the plain language of the law. They are represented by the same conservative legal strategists who fell one vote short of convincing the court that the law was unconstitutional the last time around.

Read it all.

Filed under: * Culture-WatchHealth & Medicine--The 2009 American Health Care Reform DebateLaw & Legal Issues* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeThe U.S. GovernmentPolitics in GeneralHouse of RepresentativesOffice of the PresidentSenate* TheologyEthics / Moral Theology

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Posted November 8, 2014 at 10:20 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

if we look at just the 25-to-54 age group, which strips out most students and retirees, the employment-to-population ratio has been slowly improving since it bottomed out at 74.6% (not seasonally adjusted) in February 2011. Last month, 77.3% of all 25-to-54-year-olds were employed, which is well below the indicator’s pre-recession high in October 2006, when 80.7% of people in this age group were employed.

Then again, not all employment is created equal, either. During the Great Recession, the ranks of people working part-time either because they couldn’t find full-time work or because their hours were cut back because of slack demand soared from around 3% of all employed people pre-recession to 6.6% in March 2010. There are fewer such involuntary part-timers now, but last month they still accounted for 4.8% of all employed people (and 2.7% of the entire adult civilian non-institutional population).

Read it all.

Filed under: * Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor MarketThe U.S. Government* TheologyAnthropologyEthics / Moral Theology

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Posted November 8, 2014 at 9:45 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

An unusual email to library staff at Exeter Cathedral has led to the unearthing of a 16th-century copy of the New Testament in a Surrey charity shop.

The volume, Jesu Christi D.N. Nouum Testamentum, was edited by the Frenchman Theodore Beza, an important figure in the Reformation and a contemporary of John Calvin. It was published in 1574 by Thomas Vautrollier, a French Huguenot refugee who became a leading printer of religious books in England.

It was recognised by a browser in the Oxfam shop in Dorking, Surrey, who noticed that it contained a dedication to E. C. Harington, dated 1869. He was Edward Charles Harington, a former Canon Chancellor of Exeter Cathedral. On his death in 1881, his extensive collection of books was bequeathed to the Dean and Chapter.

Read it all.

Filed under: * Christian Life / Church LifeChurch History* Culture-WatchBooksReligion & Culture* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* International News & CommentaryEngland / UK

1 Comments
Posted November 7, 2014 at 5:30 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Searching for a new way to attack Ebola, companies and academic researchers are now racing to develop faster and easier tests for determining whether someone has the disease.

Such tests might require only a few drops of blood rather than a test tube of it, and provide the answer on the spot, without having to send the sample to a laboratory.

The tests could be essential in West Africa, where it can take days for a sample to travel to one of the relatively few testing laboratories, leaving those suspected of having the disease in dangerous limbo.

Read it all.

Filed under: * Culture-WatchEducationHealth & MedicineScience & Technology* Economics, PoliticsEconomyCorporations/Corporate Life* International News & CommentaryAfricaGuineaLiberiaSierra Leone* TheologyAnthropologyEthics / Moral Theology

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Posted November 6, 2014 at 8:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

NYU's Pankaj Ghemawat discusses the top 10 countries that are wired and ready to make money. He speaks with Bloomberg's Pimm Fox on "Taking Stock." Watch it all.

Filed under: * Culture-WatchGlobalizationScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* TheologyAnthropologyEthics / Moral Theology

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Posted November 6, 2014 at 7:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The Internet is moving to a shopping center near you.

In Fort Wayne, Ind., a vacated Target store is about to be home to rows of computer servers, network routers and Ethernet cables courtesy of a local data-center operator. In Jackson, Miss., a former McRae’s department store will get the same treatment next year. And one quadrant of the Marley Station Mall south of Baltimore is already occupied by a data-center company that last year offered to buy out the rest of the building.

As America’s retailers struggle to keep up with online shopping, the Internet is starting to settle into some of the very spaces where brick-and-mortar customers used to shop. The shift brings welcome tenants to some abandoned stretches of the suburban landscape, though it doesn’t replace all the jobs and sales-tax revenue that local communities lost when stores left the building.

Read it all.

Filed under: * Culture-WatchBlogging & the InternetScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeHousing/Real Estate Market* International News & CommentaryAmerica/U.S.A.* TheologyEthics / Moral Theology

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Posted November 4, 2014 at 7:30 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

In 1999, Desert Storm veteran Dale Sutcliffe asked his father-in-law, a Korean War veteran, if he would attend a hypothetical reunion with his old Army unit.

"I'd be on the next plane to Korea to see those guys," Sutcliffe remembers his father-in-law, David Mozingo, saying.

That led Sutcliffe, now of Mount Pleasant but living in Boston at the time, to think about developing an online registry for veterans to reconnect with one another.

Read it all.

Filed under: * Economics, PoliticsDefense, National Security, MilitaryEconomyCorporations/Corporate Life* South Carolina

0 Comments
Posted November 3, 2014 at 3:29 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

South Carolina ranks 37th in the country in terms of its tax structure being friendly to business.

The state's biggest problems, according to an annual analysis by the nonprofit, nonpartisan Tax Foundation, are its high individual income tax and its unemployment insurance rates.

The issue of tax reform has been touched on during this year's gubernatorial campaign, but it hasn't played a central role.

Read it all.

Filed under: * Economics, PoliticsEconomyCorporations/Corporate LifeTaxesPolitics in GeneralState Government* South Carolina* TheologyEthics / Moral Theology

0 Comments
Posted October 30, 2014 at 5:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Many of the people who read this article will do so because Greg Marra, 26, a Facebook engineer, calculated that it was the kind of thing they might enjoy.

Mr. Marra’s team designs the code that drives Facebook’s News Feed — the stream of updates, photographs, videos and stories that users see. He is also fast becoming one of the most influential people in the news business.

Facebook now has a fifth of the world — about 1.3 billion people — logging on at least monthly. It drives up to 20 percent of traffic to news sites, according to figures from the analytics company SimpleReach. On mobile devices, the fastest-growing source of readers, the percentage is even higher, SimpleReach says, and continues to increase.

Read it all.

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

0 Comments
Posted October 29, 2014 at 5:30 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The much heralded asset-backed securities purchase programme will only yield about €250bn-€450bn in assets over the next two years. More LTRO (or the newer targeted LTRO) will prove a challenge as sovereign bond yields in Europe are so low that a large balance sheet expansion through this means seems impractical. Perhaps there is another €500bn-€750bn to do over the next year or two. Outright purchases of sovereign debt would prove politically difficult, as many would interpret such purchases as violating the ECB’s mandate and the matter would probably end up in the European courts.

The bottom line is that none of the tools currently on the table will get the job done. There are not enough assets to purchase or finance and the timetable to get anything done is too long. Policy makers do not have the luxury of a year or two to figure this out. The ECB balance sheet shrinks virtually daily and as it shrinks, the monetary base of Europe is contracting and putting downward pressure on prices. Europe is clearly in danger of falling into the liquidity trap, if it is not already there. The likelihood of a “lost decade” like that experienced in Japan is rapidly increasing. The ECB must act and act quickly.

Read it all.

Filed under: * Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeCredit MarketsCurrency MarketsEuroEuropean Central BankThe Banking System/SectorForeign RelationsPolitics in General* International News & CommentaryEurope* TheologyEthics / Moral Theology

0 Comments
Posted October 27, 2014 at 5:15 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Smart, connected products offer exponentially expanding opportunities for new functionality, far greater reliability, much higher product utilization, and capabilities that cut across and transcend traditional product boundaries. The changing nature of products is also disrupting value chains, forcing companies to rethink and retool nearly everything they do internally.

These new types of products alter industry structure and the nature of competition, exposing companies to new competitive opportunities and threats. They are reshaping industry boundaries and creating entirely new industries. In many companies, smart, connected products will force the fundamental question, “What business am I in?”

Smart, connected products raise a new set of strategic choices related to how value is created and captured, how the prodigious amount of new (and sensitive) data they generate is utilized and managed, how relationships with traditional business partners such as channels are redefined, and what role companies should play as industry boundaries are expanded.

The phrase “internet of things” has arisen to reflect the growing number of smart, connected products and highlight the new opportunities they can represent. Yet this phrase is not very helpful in understanding the phenomenon or its implications. The internet, whether involving people or things, is simply a mechanism for transmitting information. What makes smart, connected products fundamentally different is not the internet, but the changing nature of the “things.”

Read it all.

Filed under: * Culture-WatchGlobalizationScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeLabor/Labor Unions/Labor Market* TheologyAnthropologyEthics / Moral Theology

0 Comments
Posted October 26, 2014 at 6:30 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon




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

0 Comments
Posted October 23, 2014 at 5:20 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Google just announced a new app called “Inbox” that has the potential to transform the way we email. But it also looks like it’s going to seriously annoy advertisers as a result.

One of the key features of the Google Now-like app is “Bundles.” Basically, Inbox automatically bundles together certain kinds of messages like bank statements and purchase receipts so it’s easy to scan through them quickly.

Another feature likely to catch the eye of advertisers is “Highlights” which helps you find key information like flight itineraries and event info, but it also pulls in information from the web that wasn’t in the original email like the real-time status of your flight.

Read it all.

Filed under: * Culture-WatchBlogging & the InternetMediaScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* TheologyAnthropology

0 Comments
Posted October 23, 2014 at 7:48 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Serum made from the blood of recovered Ebola patients could be available within weeks in Liberia, one of the countries worst hit by the virus, says the World Health Organization.

Speaking in Geneva, Dr Marie Paule Kieny said work was also advancing quickly to get drugs and a vaccine ready for January 2015.

The Ebola outbreak has already killed more than 4,500 people.

Most of the deaths have been in Guinea, Liberia and Sierra Leone.

Read it all.

Filed under: * Culture-WatchDrugs/Drug AddictionHealth & MedicineScience & Technology* Economics, PoliticsEconomyCorporations/Corporate Life* International News & CommentaryAfricaGuineaLiberiaSierra Leone

0 Comments
Posted October 22, 2014 at 4:40 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Federal Reserve policy makers are missing a key element as they assess the health of the labor market: data that includes whether those who are employed are overqualified for their job or would like to work more hours.

As a result, the "significant underutilization of labor resources" that Fed officials highlighted last month as they renewed a pledge to keep interest rates low for a "considerable period" is probably even more severe than currently estimated. And the information gap means policy makers may have more difficulty gauging the right moment to raise rates off zero.

"We have more slack than the official statistics suggest," said Michelle Meyer, a senior U.S. economist at Bank of America Corp. in New York. "Because it's difficult to measure underutilization, there's still a lot of uncertainty as to how much slack remains, which means there's uncertainty as to the appropriate stance of monetary policy."

Read it all.

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

0 Comments
Posted October 20, 2014 at 11:15 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

In an age of smartphones, instant messaging and 24/7 availability, it’s increasingly hard to find time to step away and reconnect with one’s self, especially in fast-paced tech hubs like Silicon Valley.

But before you lock your smartphone in a closet for an hour a day, check out some of the apps and websites available for learning and practicing the ancient art of meditation and the more contemporary mindfulness-based stress reduction.

You don’t need a new gadget to meditate — all the equipment necessary comes installed in the product.

But some meditation and mindfulness trainers are using technology in interesting ways. They range from simple meditation timers to complete courses.

Read it all.

Filed under: * Culture-WatchBlogging & the InternetReligion & CultureScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* Religion News & CommentaryOther Faiths* TheologyAnthropologyEthics / Moral Theology

0 Comments
Posted October 19, 2014 at 12:48 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Even if one ignores some very important issues – such as just what DNA patterns can predict about the likelihood of developing any of the diseases for which risk factor screening is done (basically, little if anything); how using the 23andMe tests to determine health risks is currently prohibited by the FDA in the U.S.; and the potential for obtaining disrupting, disturbing, or even destructive information about family connections (which is a far from trivial possibility) – serious additional concerns arise in this country. These stem from the ongoing absence of genetic privacy and genetic discrimination laws in Canada, a contrast with the U.S. where there are (some) longstanding protections against misuses of DNA data.

This suggests that when someone in Canada gets a report of its findings from 23andMe, there is no way to keep insurance companies or employers from asking about it. Maybe not directly, but during an interview, applicants might be asked if they have ever had any genetic testing and, if so, what was found. Not to reveal that testing was done could be seen as providing a false answer and thereby disqualify the individual from coverage or a job. Maybe this is not as bad as learning a father is not really the man you thought he was, or as pleasing as finding you have a sister who was adopted into another family living nearby, but definitely a more negative outcome than is desirable.

Read it all.

Filed under: * Culture-WatchLaw & Legal IssuesScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* International News & CommentaryCanada* TheologyAnthropologyEthics / Moral Theology

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Posted October 16, 2014 at 5:25 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Sometimes, though, another analogy makes more sense. In this story, the US is the first to climb a cliff. Other countries are tethered to the US by ropes. The overall pace of ascent depends on the burden of debt each country has to carry. One false move by the US will wreck the entire enterprise. Yet the US will only get to the top if the others also make steady progress. At the moment, they are more in danger of losing their footing, thereby dragging down the US.

Read it all.

Filed under: * Culture-WatchGlobalizationHistory* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeThe U.S. GovernmentFederal Reserve* TheologyAnthropologyEthics / Moral Theology

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Posted October 16, 2014 at 4:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

For the American and British economies it has been a long road out of the woods, but the journey is nearing its end. America’s unemployment rate fell below 6% in September. Britain’s economy, where output was up 3.2% in the year to June, is growing faster than any other big rich country’s. Central bankers are counting the days until they can raise interest rates.

Virtually everywhere else, however, the news is grim and getting grimmer. The euro zone, the world’s second-biggest economic area, seems to be falling from a feeble recovery back into outright recession as Germany hits the skids. Shockingly weak industrial production and export figures mean Germany’s GDP is likely to shrink for the second consecutive quarter—a popular definition of recession. Japan, the world’s third-biggest economy, may also be on the edge of a downturn, because April’s rise in the consumption tax is hurting spending more than expected. Russia’s and Brazil’s economies are stagnant, at best. Even in China, still growing at a suspiciously smooth 7.5% a year, there are worries about a property bust, a credit bubble and a fall in productivity

Read it all.

Filed under: * Culture-WatchGlobalization* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeHousing/Real Estate MarketLabor/Labor Unions/Labor MarketThe Banking System/SectorForeign RelationsPolitics in General* TheologyEthics / Moral Theology

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Posted October 15, 2014 at 5:15 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

They have health insurance, but still no peace of mind. Overall, 1 in 4 privately insured adults say they doubt they could pay for a major unexpected illness or injury.

A new poll from The Associated Press-NORC Center for Public Affairs Research may help explain why President Barack Obama faces such strong headwinds in trying to persuade the public that his health care law is holding down costs.

The survey found the biggest financial worries among people with so-called high-deductible plans that require patients to pay a big chunk of their medical bills each year before insurance kicks in.

Read it all.


Filed under: * Culture-WatchHealth & Medicine--The 2009 American Health Care Reform Debate* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePersonal FinancePolitics in General* International News & CommentaryAmerica/U.S.A.* TheologyEthics / Moral Theology

3 Comments
Posted October 14, 2014 at 8:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

A Texas Health Presbyterian Hospital health care worker in Dallas who had “extensive contact” with the first Ebola patient to die in the United States has contracted the disease.

The Centers for Disease Control and Prevention in Atlanta confirmed the news Sunday afternoon after an official test.

The infected person detected a fever Friday night and drove herself to the Presbyterian emergency room, where she was placed in isolation 90 minutes later. A blood sample sent to the state health lab in Austin confirmed Saturday night that she had Ebola — the first person to contract the disease in the United States.

The director for the Centers for Disease Control and Prevention said Sunday that the infection in the health care worker, who was not on the organization’s watch list for people who had contact with Ebola patient Thomas Eric Duncan, resulted from a “breach in protocol.”

Read it all.

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

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Posted October 12, 2014 at 4:04 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Two major international companies put a huge stamp on the Lowcountry's economy last week.

French high-voltage cablemaker Nexans officially opened an $85 million facility on the Cooper River in Berkeley County in Bushy Park Industrial Complex on Wednesday, while Japan-based Showa Denko Carbon on Friday celebrated a $300 million expansion of its 31-year-old factory near Ridgeville in Dorchester County.

Read it all.

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

0 Comments
Posted October 12, 2014 at 1:09 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Watch it all.

Filed under: * Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeEuropean Central BankHousing/Real Estate MarketLabor/Labor Unions/Labor MarketThe Banking System/SectorThe U.S. GovernmentFederal Reserve* International News & CommentaryAmerica/U.S.A.Europe* TheologyAnthropologyEthics / Moral Theology

0 Comments
Posted October 11, 2014 at 10:40 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Huge expansions in credit followed by crises and attempts to manage the aftermath have become a feature of the world economy. Today the US and UK may be escaping from the crises that hit seven years ago. But the eurozone is mired in post-crisis stagnation and China is struggling with the debt it built up in its attempt to offset the loss of export earnings after the crisis hit in 2008.

Without an unsustainable credit boom somewhere, the world economy seems incapable of generating growth in demand sufficient to absorb potential supply. It looks like a law of the conservation of credit booms. Consider the past quarter century: a credit boom in Japan that collapsed after 1990; a credit boom in Asian emerging economies that collapsed in 1997; a credit boom in the north Atlantic economies that collapsed after 2007; and finally in China. Each is greeted as a new era of prosperity, to collapse into crisis and post-crisis malaise.

Read it all.

Filed under: * Culture-WatchGlobalizationHistory* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeEuropean Central BankThe U.S. GovernmentFederal Reserve* International News & CommentaryAmerica/U.S.A.AsiaChinaEurope

0 Comments
Posted October 8, 2014 at 8:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

A standout member among the new-editions to this very elite club is 30-year old college dropout Elizabeth Holmes. Holmes reportedly “labored in secret” for almost a decade while developing a revolutionary new blood-testing technology. In 2003 she took her findings to the public and founded Theranos-- the company announced partnerships with Walgreens and other major drugstores to bring a new type of blood testing to consumers. Holmes’ technology calls only for a single finger-prick and a very small amount of blood for medical testing—as opposed to the full vial (or vials) of blood typically drawn for testing in most labs and medical offices. The prick is said to be painless and Theranos’ testing-methods only a fraction of the cost of commercial labs.

The biotech founder is the youngest self-made woman on the Forbes 400 list with a net worth of $4.5 billion. Holmes dropped out of Stanford University her sophomore year as a chemical engineering major and used her tuition money to found her company. Holmes’ tests do not have to be performed in a doctor’s office, and by skipping the big labs most results can be ready in a few hours. “She could totally overturn an entire industry if Theranos is as successful as it seems to be,” says Brown.

Read it all.

Filed under: * Culture-WatchGlobalizationHealth & MedicineScience & TechnologyWomenYoung Adults* Economics, PoliticsEconomyCorporations/Corporate Life

0 Comments
Posted October 7, 2014 at 7:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

American banks are loading up on U.S. government debt, a sign they remain cautious on the economy even with the jobless rate at a six-year low and corporations at their healthiest in a generation.

Commercial lenders increased their holdings of Treasuries (BUSY) and debt from federal agencies in September by $54 billion to an unprecedented $1.99 trillion, data from the Federal Reserve show. Banks have now been net buyers for 12 straight months.

Read it all.

Filed under: * Culture-WatchPsychology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeCredit MarketsHousing/Real Estate MarketLabor/Labor Unions/Labor MarketThe Banking System/SectorThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--* TheologyAnthropologyEthics / Moral Theology

0 Comments
Posted October 7, 2014 at 6:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The theme of this week’s annual meetings of the International Monetary Fund and the World Bank is shared prosperity. In years gone by, the Washington consensus was all about opening up markets and cutting public spending. The new Washington consensus is the need to tackle inequality.

Everybody is getting in on the act. Justin Welby, the archbishop of Canterbury, will share a platform with Christine Lagarde, the head of the IMF, and Mark Carney, the governor of the Bank of England, next weekend to discuss how to make global capitalism more inclusive.

The World Economic Forum – the body that organises the Davos shindig – thinks it can go one better. It is angling to get the pope along for its annual meeting in January.

Read it all.

Filed under: * Anglican - EpiscopalArchbishop of Canterbury --Justin Welby* Culture-WatchGlobalization* Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor MarketPersonal Finance* TheologyEthics / Moral Theology

0 Comments
Posted October 6, 2014 at 6:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

If you are a Christian who doesn’t smoke, abstains from sex outside your heterosexual marriage and can get your priest to vouch that you go to church at least three times a month, you may qualify for a new Catholic alternative to health insurance.

Taking a cue from evangelicals, a group of traditionalist Catholics on Thursday (Oct. 2) unveiled a cost-sharing network that they say honors their values and ensures that they are not even indirectly supporting health care services such as abortion that contradict their beliefs.

Christ Medicus Foundation CURO, as the group is called, will be financially integrated with Samaritan Ministries International, which was launched in 1991 by an evangelical home-schooling dad. The SMI network now serves 125,000 people and is exempt from the Affordable Care Act.

Read it all.

Filed under: * Culture-WatchHealth & MedicineReligion & Culture* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeLabor/Labor Unions/Labor Market* Religion News & CommentaryOther ChurchesEvangelicalsRoman Catholic* TheologyAnthropologyEthics / Moral Theology

4 Comments
Posted October 6, 2014 at 5:16 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

A little over three years ago, I wrote a column titled “The 2% Economy,” explaining how a recovery with only 2% GDP growth, no new middle-class jobs and stagnant wages wasn’t really a recovery after all. Like everyone, I hoped that once growth kicked up to about 3%, middle-class jobs and wages would finally revive.

But we’re now in a 3% economy, and I’m writing the same column. Only this time, the message is more disturbing. Growth is back. Unemployment is down. But only a fraction of the jobs lost during the Great Recession that pay more than $15 per hour have been found. And wage growth is still hovering near zero, where it’s been for the past decade. Something is very, very broken in our economy.

Read it all (my emphasis).

Filed under: * Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeLabor/Labor Unions/Labor MarketThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--The U.S. GovernmentFederal ReservePolitics in GeneralHouse of RepresentativesOffice of the PresidentSenate* International News & CommentaryAmerica/U.S.A.* TheologyAnthropologyEthics / Moral Theology

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Posted October 2, 2014 at 8:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

When the U.S. Bureau of Labor Statistics looks into its crystal ball, it sees an aging population in need of care and a construction industry still rebounding from the Great Recession. In the decade from 2012 to 2022, the fastest growth in U.S. employment will take place in the health care, health care support, construction, and personal care fields. These four categories are expected to account for more than a third—about 6.6 million—of all new jobs.

Read it all.

Filed under: * Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeLabor/Labor Unions/Labor Market* International News & CommentaryAmerica/U.S.A.

0 Comments
Posted October 1, 2014 at 7:30 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The policies available on the Obamacare exchanges are hastening this trend. Many enrollees are opting for the bronze and silver plans, which often carry deductibles upwards of $5,000 and $2,000, respectively.

“The bronze plans are scaring a lot of administrators because the patient liability is so large,” said Debra Lowe, administrative director of revenue cycle at Ohio State University’s Wexner Medical Center. “Patients are unaware they have this high deductible.”

Upfront payments aren’t usually required, but more hospitals are asking patients to settle the bill in advance. If patients can’t afford the charges, some hospitals place them into financial assistance programs, such as payment plans or low-interest loans. Others help them sign up for Medicaid or individual coverage on the Obamacare exchanges. Patients can still opt to wait until after the bill goes through their insurance.

Read it all.

Filed under: * Culture-WatchHealth & Medicine--The 2009 American Health Care Reform Debate* Economics, PoliticsEconomyCorporations/Corporate LifePersonal Finance* International News & CommentaryAmerica/U.S.A.

0 Comments
Posted September 30, 2014 at 5:15 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Twice in the last few months I’ve encountered writers taking note of this shift, and both have made a similar (and provocative) point: The decline of cults, while good news for anxious parents of potential devotees, might actually be a worrying sign for Western culture, an indicator not only of religious stagnation but of declining creativity writ large.

The first writer is Philip Jenkins, a prolific religious historian, who argues that the decline in “the number and scale of controversial fringe sects” is both “genuine and epochal,” and something that should worry more mainstream religious believers rather than comfort them. A wild fringe, he suggests, is often a sign of a healthy, vital center, and a religious culture that lacks for charismatic weirdos may lack “a solid core of spiritual activism and inquiry” as well.

The second writer is Peter Thiel, the PayPal co-founder, venture capitalist and controversialist, who includes an interesting aside about the decline of cults in his new book, “Zero to One” — officially a book of advice to would-be entrepreneurs, but really a treatise on escaping what he regards as the developed world’s 40-year economic, technological and cultural malaise.

Read it all.

Filed under: * Culture-WatchHistoryPhilosophyPsychologyReligion & CultureScience & Technology* Economics, PoliticsEconomyCorporations/Corporate Life* TheologyAnthropologyEthics / Moral Theology

1 Comments
Posted September 30, 2014 at 4:39 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

In his spare time, he likes to hunt, fish, hike or camp. And some Sundays might find Cartwright in the pulpit. He occasionally serves as a fill-in pastor at Bonneau's First Baptist Church, where he attends.

[Dwayne] Cartwright has not only a degree in history, but also religion. His father, Norman, is a pastor, and the younger Cartwright followed a calling to become ordained as well at age 22. In addition to a full-time job, he served as minister at Corinth Baptist Church in Salem, Mo., for 25 years.

"I enjoy helping people very much," he said. "I am an encourager. It gets back to my gratification from seeing people succeed."

Bonneau First Baptist Church Pastor Ken Owens called Cartwright a model citizen.

"He is a man of integrity with Christian principles," Owens said. "On many occasions when I'm out of town on vacation or at conferences, he preaches for us and does a tremendous job. If he's available, he will be there."

Read it all.

Filed under: * Christian Life / Church LifeParish MinistryPreaching / Homiletics* Culture-WatchReligion & Culture* Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor Market* South Carolina

0 Comments
Posted September 29, 2014 at 8:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Boeing Co. projects the Asia Pacific region's demand for new commercial pilots and maintenance technicians over the next 20 years will be 39 percent of the global need for new airline personnel.

The Chicago-based airplane manufacturer's Pilot and Technician Outlook, an industry forecast of aviation personnel demand, projects a requirement for 216,000 new commercial airline pilots and 224,000 new technicians in the Asia Pacific region through 2033, more demand than North America and Europe combined.

"The Asia Pacific region is seeing tremendous economic growth and is set to become the largest air travel market in the world," said Bob Bellitto, a director at Boeing Flight Services. "That growth rate means booming career opportunities for those interested in becoming commercial airline pilots and maintenance technicians over the next two decades. These are strong, stable and challenging jobs in one of the most technologically advanced industries in the world."

Read it all.

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

0 Comments
Posted September 29, 2014 at 6:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The “squeezed middle” is being forced to endure a lower standard of living more than a decade on from the credit crunch, keeping consumer spending growth below pre-crisis levels.

The EY Item Club predicts that real take-home pay in 2017 will still be below the rate in 2007 because of subdued wage growth.

The economic forecaster’s report will make for uneasy reading for George Osborne as he prepares to address the Conservative party conference today, and it is compounded by further evidence from a free market think-tank of the existence of a “cost of living crisis”.

Read it all (requires subscription).



Filed under: * Culture-WatchChildrenHistoryMarriage & Family* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeHousing/Real Estate MarketLabor/Labor Unions/Labor MarketPersonal FinancePolitics in General* International News & CommentaryEngland / UK* TheologyAnthropologyEthics / Moral Theology

0 Comments
Posted September 29, 2014 at 5:45 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

While Madison Square Garden’s sold-out shows usually include headliners like Bruce Springsteen, Madonna or Arcade Fire, Sunday’s reception for Indian Prime Minister Narendra Modi is expected to draw an equally massive crowd of nearly 20,000 Indian Americans. Modi’s appearance at the midtown Manhattan entertainment venue is part of his first trip to the U.S. as leader of the world’s largest democracy and comes at a time when people of both countries continue to see each other in a largely positive light.

In India, a majority of the public (55%) has a favorable view of the U. S., including 30% with a very positive outlook, according to a Pew Research survey conducted last spring. Only 16% see the U.S. unfavorably, while 29% offer no opinion. These high ratings are essentially unchanged from late last year, when 56% of the Indian public gave the U.S. positive marks.

Read it all.

Filed under: * Culture-WatchGlobalization* Economics, PoliticsEconomyCorporations/Corporate LifeForeign RelationsPolitics in General* International News & CommentaryAmerica/U.S.A.Asia* TheologyEthics / Moral Theology

0 Comments
Posted September 28, 2014 at 5:46 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

With Atlantic City casino revenue in a steep decline, last year New Jersey began offering online gambling to its citizens. It didn't help much, so now the state wants to take a bigger step.

Gov. Chris Christie has given the go-ahead for casinos and racetracks to offer sports betting, despite a 1992 federal law that bans the practice in all but four states where it previously existed. A federal judge will hear Christie's argument on Oct. 6. If he's successful, online sports gambling will surely follow.

New Jersey is a prime example of how states are the worst offenders in the world of gambling. They are both addicts and pushers. They throw temper tantrums and upset settled policy when their fix of gambling revenue runs low. And rather than compensating for the effects, they encourage their own citizens to gamble more and in different ways.

Read it all.

Filed under: * Culture-WatchGamblingPoverty* Economics, PoliticsEconomyCorporations/Corporate LifePersonal FinancePolitics in GeneralState Government* TheologyPastoral Theology

0 Comments
Posted September 27, 2014 at 9:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon



Watch it all--adorable.

Filed under: * Culture-WatchMedia* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* General InterestAnimalsPhotos/Photography

0 Comments
Posted September 25, 2014 at 3:12 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

In the eight years since, Facebook’s News Feed — that LED-lit window through which we glimpse news, memes and snatches of other people’s lives — has not exactly gotten less controversial. But the nature of that controversy has fundamentally changed. Where early college users raged against sharing, and seeing, too much information — of being subsumed, in effect, by the social media noise — our anxieties today frequently involve getting too little of it. Facebook’s latest changes to the News Feed, announced just last week, are essentially tooled to give users more content, more quickly.

Both concerns relate to control. Whether we see too much content or too little, everything we see in Facebook’s News Feed is determined by an algorithm — an invented mathematical formula that guesses what you want to see based on who posted it, where it came from, and a string of other mysterious factors known only to the programmers and project managers who work on it.

Read it all.

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

0 Comments
Posted September 24, 2014 at 5:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Gallup's Economic Confidence Index is the average of two components: Americans' views of current economic conditions and their opinions on whether the economy is getting better or worse. Last week, 18% of Americans said the economy was "excellent" or "good," while 35% said the economy was "poor," resulting in a current conditions index score of -17. Over the past four weeks, the current conditions index has fallen one point per week.

Meanwhile, 38% of Americans last week said the economy was "getting better," and 57% said it was "getting worse." This resulted in an economic outlook score of -19, down three points from the week before, but similar to several prior weeks.

Read it all.

Filed under: * Culture-WatchPsychology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--The U.S. Government

0 Comments
Posted September 23, 2014 at 2:10 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The Church of England is one of 12 global institutional investors backing a new project to study how climate change will impact the investment landscape.

The Church's Ethical Investment Advisory Group and the three national investing bodies are supporting the project as part of a group concerned about climate change and its investment implications.

Read it all.

Filed under: * Anglican - EpiscopalAnglican ProvincesChurch of England (CoE)* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeStock MarketEnergy, Natural Resources* TheologyEthics / Moral Theology

0 Comments
Posted September 23, 2014 at 6:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The Religions for the Earth initiative at Union seeks to create a place where visionary religious and spiritual leaders from around the world will convene to find common ground and offer new strategies to deal with a crisis that politicians have been unable to solve.

In meeting after meeting, from Rio to Kyoto to Copenhagen to Durban, politicians and technocrats have been thwarted, because at its core, climate change is not just about science, or zero-sum financial negotiations between emitters: it’s about values. It relates profoundly to the meaning of life rather than just its mechanics—to the essence of how we experience our being, share our resources, and regard one another across space and time. It has implications for the existence of the world itself, and humanity’s place within it.

It will take a values-driven conversation to change the materialistic and consumer-oriented culture that assigns worth only to financially quantifiable things. The unchecked profit-driven model of maximum production devours what we care most about: clean air, clean water, and the wellbeing of the most vulnerable families. We need a new moral equation.

Read it all from Time Magazine.

Filed under: * Culture-WatchReligion & Culture* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeEnergy, Natural Resources* TheologyEthics / Moral Theology

1 Comments
Posted September 21, 2014 at 1:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Caitlin Doughty has been cutting pacemakers out of corpses, grinding human bones by hand, and loading bodies into cremation chambers for seven years. But the 30-year-old mortician doesn’t want to keep all the fun to herself: She thinks the rest of us should get to have a little more face time with the deceased. In her new book, Smoke Gets in Your Eyes (that’s a cremation joke), Doughty argues for more acceptance of death in our culture—and tries to spark a wave of amateur undertaking.

Are you really saying that people should handle their loved ones’ bodies? Can we do that?

Most people think dead bodies are dangerous or that they’re required to hire a funeral director to prepare a body. I’m a licensed mortician, but I want to teach people that they don’t need me.

Read it all.

Filed under: * Christian Life / Church LifeParish MinistryDeath / Burial / Funerals* Culture-WatchBooksHealth & MedicineHistoryReligion & Culture* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* International News & CommentaryAmerica/U.S.A.* Religion News & CommentaryOther Faiths* TheologyAnthropologyEthics / Moral Theology

0 Comments
Posted September 18, 2014 at 8:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The Federal Reserve took two steps toward winding down the historic easy-money policies that have defined its response to the financial crisis, but stopped short of the move markets are awaiting most: signaling when interest rates will start to rise.

With the economy gradually improving, U.S. central-bank officials plan to end the bond-buying program known as quantitative easing after October, hoping to finally stop expanding a six-year experiment in monetary policy that has left the Fed holding more than $4 trillion of Treasury and mortgage bonds.

The Fed on Wednesday also detailed a new technical plan for how it will raise short-term interest rates, something most officials currently don't intend to do until next year. The central bank has kept the federal-funds rate near zero since December 2008 and offered assurances along the way about rates remaining low, another part of its varied efforts to boost the post-financial-crisis economy.

Read it all.

Filed under: * Culture-WatchHistory* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeCredit MarketsCurrency MarketsHousing/Real Estate MarketLabor/Labor Unions/Labor MarketPersonal FinanceThe Banking System/SectorThe U.S. GovernmentFederal Reserve* TheologyAnthropologyEthics / Moral Theology

0 Comments
Posted September 18, 2014 at 6:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

If Scotland votes Yes to independence the knee-jerk response in the markets is easy to predict: sell sterling, sell UK equities, sell Scottish financials and short Spanish debt on Catalonia fears. UK gilts may offer a safe haven but this is not certain given questions about the allocation of debt in divorce, enhanced risk of rump UK exit from the EU and potential contingent liabilities associated with a messy break-up of the UK.

In particular there has been insufficient attention to the challenge that would be faced by the Bank of England maintaining unlimited liquidity provision to Scottish banks during the transition to independence, particularly if uncertainty about future currency arrangements were to result in cross-border capital flight. There is a non-trivial risk this could end in a credit crunch in Scotland.

The onset of divorce negotiations would lay bare that Scotland faces an impossible trinity: full independence, financial stability and deep economic integration with the UK. It can have any two of these but not all three.

Read it all Krishna Guha of the FT.

Filed under: * Culture-WatchHistory* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeForeign RelationsPolitics in General* International News & CommentaryEngland / UK--Scotland* TheologyEthics / Moral Theology

2 Comments
Posted September 17, 2014 at 6:35 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Please note--be warned this contains content that is very disturbing--KSH.

Watch it all.

Filed under: * Culture-WatchReligion & CultureViolenceWomen* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeTerrorism* International News & CommentaryMiddle EastSyria* Religion News & CommentaryOther FaithsIslam

0 Comments
Posted September 16, 2014 at 3:41 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

If the nation’s economy is on the mend, the voters of 2014 aren’t feeling it.

Despite continued signs of a halting but persistent national comeback, midterm voters remain frustrated and unhappy with the state of the economy, according to the latest POLITICO poll of likely voters in 2014 battleground states. Many appear to blame President Barack Obama: 57 percent of these voters disapprove of his economic leadership.

By every measure in the survey, a gloomy mood still pervades the electorate when it comes to kitchen-table issues: Just 23 percent say their personal financial situation has improved over the past year, versus 30 percent who say it has gotten worse.

Read it all.



Filed under: * Culture-WatchPsychology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeHousing/Real Estate MarketLabor/Labor Unions/Labor MarketPersonal FinancePolitics in GeneralHouse of RepresentativesOffice of the PresidentSenate* International News & CommentaryAmerica/U.S.A.* TheologyAnthropologyEthics / Moral Theology

1 Comments
Posted September 15, 2014 at 7:30 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

At the heart of the nationalist campaign is the claim that Scotland would be a more prosperous and more equal country if it went solo. It is rich in oil and inherently decent, say the nationalists, but impoverished by a government in Westminster that has also imposed callous policies. They blame successive British governments for almost every ill that has befallen Scotland, from the decline of manufacturing industry to ill-health to the high price of sending parcels in the Highlands. Alex Salmond, Scotland’s nationalist leader, is broad in his recrimination: Labour and the Tories are of a piece, he suggests, in their disregard for Scotland.

But Scotland’s relative economic decline is the result not of southern neglect but of the shift of manufacturing and shipping to Asia. If Westminster has not reversed all the deleterious effects of globalisation and technology, that is because to do so is impossible. The nationalists know this, which is why, sotto voce, they would continue many of Westminster’s policies. Instead they make much of minor adjustments, such as abolishing the “bedroom tax”, a recent measure designed to nudge people out of too-large social housing. To break up a country over such small, recent annoyances would be nuts.

The nationalists’ economics are also flawed. Scotland would not, in fact, be richer alone. The taxes that would flow to it from the North Sea would roughly compensate for the extra cost of its lavish state, which would no longer be funded by Westminster (last year spending was some £1,300 per person higher in Scotland than elsewhere in Britain). But oil revenues are erratic.

Read it all.

Filed under: * Culture-WatchHistory* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeCredit MarketsCurrency MarketsTaxesEnergy, Natural ResourcesForeign RelationsPolitics in General* International News & CommentaryEngland / UK--Scotland

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Posted September 14, 2014 at 2:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Previously, Business Insider examined ranked every state by how quickly the economies were growing. This time around, we calculated which states had the best economies outright.

We ranked each state on seven economic measures: the July unemployment rate; the change in nonfarm payroll jobs from June to July 2014; the 2013 GDP per capita; the 2012 per capita consumption; the 2013 average annual wage; the 2013 exports per capita; and the 2012 government expenditures.

No fair looking until you guess where your state falls if this applies to you. Then go and read it all.

Filed under: * Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePolitics in GeneralState Government* International News & CommentaryAmerica/U.S.A.

2 Comments
Posted September 13, 2014 at 12:15 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The U.S. government threatened to fine Yahoo $250,000 a day in 2008 if it failed to comply with a broad demand to hand over user communications — a request the company believed was unconstitutional -- according to court documents unsealed Thursday that illuminate how federal officials forced American tech companies to participate in the NSA’s controversial PRISM program.

The documents, roughly 1,500 pages worth, outline a secret and ultimately unsuccessful legal battle by Yahoo to resist the government’s demands. The company’s loss required Yahoo to become one of the first to begin providing information to PRISM, a program that gave the National Security Agency extensive access to records of online communications by users of Yahoo and other U.S.-based technology firms.

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Filed under: * Culture-WatchHistoryLaw & Legal Issues* Economics, PoliticsEconomyCorporations/Corporate LifeThe U.S. Government* TheologyEthics / Moral Theology

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Posted September 12, 2014 at 5:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The 307-year-old union between England and Scotland has been one of history's most successful, but a possible split has investors and lawmakers fearing the potential aftershocks.

A "no" vote against Scottish independence was once a foregone conclusion for the Sept. 18 referendum, but a recent narrowing of polls — with some putting "yes" in the lead — has made the United Kingdom's biggest constitutional change since the Irish Free State's creation in 1922 a distinct possibility.

Secession could throw a wrench into the U.K.'s economic recovery, which has been among Europe's strongest. Scotland's share of U.K. gross domestic product is around 9.2%, or 148 billion pounds ($238.3 billion). Its 5.3 million residents comprise 8.3% of the total population.

Read it all.

Filed under: * Culture-WatchHistory* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeCredit MarketsCurrency MarketsThe Banking System/SectorForeign RelationsPolitics in General* International News & CommentaryEngland / UK* Theology

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Posted September 10, 2014 at 5:50 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

[Now]...this week, his name now as much a part of NFL culture as its most famous players and teams, the 55-year-old commissioner began taking on heavy fire for his judgment and ability to perform his self-described job description. Scrutiny, particularly recently, is nothing new, but it has never been harsher than this week, following the publishing of a video Monday that showed former Baltimore Ravens running back Ray Rice punching his then-fiancee, Janay Palmer, and then dragging her unconscious body out of an Atlantic City casino elevator. It was footage, Goodell told the “CBS Evening News” on Tuesday, he had not seen during the NFL’s earlier investigation into the matter.

Goodell’s words eased little of the pressure on the commissioner, and in fact, those in and around the NFL community have begun scrutinizing Goodell’s priorities and, in some cases, calling for his job.

Depending on viewpoint, the NFL was either unable despite its vast resources to procure the same video from the Revel Hotel and Casino that TMZ somehow acquired and published. Or, as TMZ reported Tuesday morning, the league simply never asked for it in an effort to ferry out a lighter punishment for Rice.

Read it all.



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

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Posted September 10, 2014 at 5:30 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Rick Warren, founder and pastor of Saddleback Church in California, described Cathy "was a giant of a man in so many ways: a godly man, a wise husband and father, a business genius, a creative innovator, a humble... servant of Jesus Christ with rock-ribbed integrity, a generous philanthropist, and one who loved greatly, cared deeply for the poor, especially disadvantaged kids, and used his life and work to benefit others." - See more at: http://www.gospelherald.com/articles/52468/20140908/rick-warren-remembers-truett-cathy-godly-man-business-genius-humble-servant-jesus-christ.htm#sthash.bNjEq40B.dpuf

"Truett was a man truly who lived his faith, welcoming the homeless into his own home, improving the lives of thousands of disadvantaged kids, and giving them help and hope. Even after becoming a billionaire CEO, Truett continued to teach his weekly Sunday School class for 50 years. One of the five books he wrote summed up his attitude toward helping young boys in trouble: "It's Better To Build Boys Than Mend Men." Warren wrote on his Facebook page.

Read it all.



Filed under: * Culture-WatchReligion & Culture* Economics, PoliticsEconomyCorporations/Corporate Life* International News & CommentaryAmerica/U.S.A.* Religion News & CommentaryOther ChurchesEvangelicalsRoman Catholic

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Posted September 10, 2014 at 5:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Google’s search engine makes it wonderfully easy to locate stuff on the web, whether it’s in a news article, a corporate website, or a video on YouTube. But that only begins to describe Google’s ability to find information. Inside the company, engineers use several uniquely powerful tools for searching and analyzing its own massive trove of data.

One of those is Dremel, a tool that helps Google’s employees analyze data stored across thousands of machines, at unusually fast speeds. What’s more, Dremel lets the Google team to manipulate all of this data using a language very similar to SQL, short for Structured Query Language, the standard way of grabbing information from databases.

Like most of its custom-built tools, Dremel is only available inside Google. But now, the rest of the world can hack data a little more like Google does, thanks to Quest, a Dremel-like query engine created by Theo Vassilakis, one of the lead developers of Dremel at Google, and Toli Lerios, a former engineer at Facebook. The tool is one of a growing number of that seek to mimic the way web giants like Google and Facebook rapidly analyze enormous amounts of online information stored across hundreds or even thousands of machines. This includes everything from a project called Drill, from a company called MapR, to a sweeping open source platform called Spark.

Read it all.

Filed under: * Culture-WatchBlogging & the Internet--Social NetworkingScience & Technology* Economics, PoliticsEconomyCorporations/Corporate Life

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Posted September 9, 2014 at 5:31 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

It has been a little more than three years since the Kansas Cities — both Kansas and Missouri — won a national competition to be the first places to get Google Fiber, a fiber-optic network that includes cable television and Internet running at one gigabit a second. That is about 100 times as fast as the average connection in the United States (on which it would take about two-and-a-half minutes to download 612 kitten photos).

But be careful what you wish for. After a few million in waived permit fees and granting Google free access to public land, the area is finding out that Google Fiber is so fast, it’s hard to know what to do with it.

There aren’t really any applications that fully take advantage of Fiber’s speed, at least not for ordinary people. And since only a few cities have such fast Internet access, tech companies aren’t clamoring to build things for Fiber. So it has fallen to locals — academics, residents, programmers and small-business owners — to make the best of it.

Read it all.

Filed under: * Culture-WatchScience & TechnologyUrban/City Life and Issues* Economics, PoliticsEconomyCorporations/Corporate Life* International News & CommentaryAmerica/U.S.A.

0 Comments
Posted September 8, 2014 at 3:12 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Can the U.S. compete internationally? Its companies can. Its workers cannot.

That is the key finding from a new survey of Harvard Business School alumni that delves into their views of the U.S. business environment to see where the nation thrives and where it falters.

The survey shows the business executives see, on one hand, an uncompetitive K-12 education system, a poor tax code and a broken political system. On the other hand, they see high-quality capital markets, sophisticated management systems, pathbreaking universities and a vibrant environment for entrepreneurs.

Read it all.


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

1 Comments
Posted September 8, 2014 at 7:45 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

With oil and natural gas production soaring in the US, consumers might expect lower prices at the pump and on their electric bills.

But that’s not happening. The summer driving season was the fourth most expensive on record, and residential electricity costs ballooned in the first half of 2014.

Meanwhile, US oil and natural gas production surges, fueled by innovative drilling in states like Texas, North Dakota, and Pennsylvania. Today, the US is the world’s largest producer of natural gas, and oil production rivals energy giants like Russia and Saudi Arabia.

So why are American consumers paying more, even as the supply of American fuel expands?

Read it all.


Filed under: * Culture-WatchGlobalization* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePersonal FinanceEnergy, Natural Resources* International News & CommentaryAmerica/U.S.A.

4 Comments
Posted September 7, 2014 at 11:01 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Next year, even more corporate workers are likely to be offered high-deductible plans — sometimes known more benignly as consumer-directed plans — and at a rising share of large companies, it will be the only option remaining.

Just as employers replaced pensions with retirement savings plans, more large companies appear to be in a similar cost-sharing shift with health plans. Besides making workers responsible for more of their care, employers hope these plans will motivate employees to comparison-shop for medical services — an admirable goal but one that some say is hard to achieve.

Several big companies started offering consumer-driven plans as their only option in the last couple of years, including JPMorgan, Wells Fargo, General Electric and Honeywell, among others; it is the only choice for Bank of America employees earning more than $100,000.

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* International News & CommentaryAmerica/U.S.A.

0 Comments
Posted September 6, 2014 at 8:20 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The payroll survey shows a net gain of 162,000 jobs vs. an expectation of 230,000 jobs. This broke a six-month string of +200,000 jobs.

Digging into the details, things look far worse.

The household survey shows a gain in employment of only 16,000. This is the fourth month in the last five that the household survey was substantially weaker than the headline number.

Read it all.

Filed under: * Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor Market

0 Comments
Posted September 5, 2014 at 3:30 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Gallup's U.S. Job Creation Index held steady in August at +28, tying the six-year high reached in July. This is up from +22 in August a year ago. The index has been fairly flat since May, when it reached +27, after trending up in the first few months of 2014.

Gallup's Job Creation Index is a measure of net hiring in the U.S. as reported by a nationally representative sample of full- and part-time workers. In August, 41% of workers said their employer is hiring and expanding the size of its workforce, while 13% said their employer is letting workers go and reducing the size of its workforce, resulting in the +28 net hiring score.

This is only the second month since 2008 -- the first being last month -- that slightly more workers reported their employer is hiring rather than maintaining the status quo.

Read it all.

Filed under: * Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor Market* International News & CommentaryAmerica/U.S.A.* TheologyAnthropology

0 Comments
Posted September 3, 2014 at 5:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Ever since rivers have been dammed, destroying the migration routes of salmon, humans have worked to create ways to help the fish return to their spawning grounds. We've built ladders and elevators; we've carried them by hand and transported them in trucks. Even helicopters have been used to fly fish upstream.

But all of those methods are expensive and none of them are efficient.

Enter the salmon cannon.

The device uses a pressure differential to suck up a fish, send it through a tube at up to 22 mph and then shoot it out the other side, reaching heights of up to 30 feet. This weekend, it will be used to move hatchery fish up a tributary of the Columbia River in Washington.

Read it all and enjoy the video also.

Filed under: * Culture-WatchScience & Technology* Economics, PoliticsEconomyCorporations/Corporate LifeEnergy, Natural Resources* General InterestAnimals* TheologyEthics / Moral Theology

3 Comments
Posted September 2, 2014 at 5:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

As usual with Facebook, this is not the whole story. For one, it has begun tracking users’ browsing history to identify their interests better. Its latest mobile app can identify songs and films playing nearby, nudging users to write about them. It has acquired the Moves app, which does something similar with physical activity, using sensors to recognise whether users are walking, driving or cycling.

Still, if Facebook is so quick to embrace – and profit from – the language of privacy, should privacy advocates not fear they are the latest group to be “disrupted”? Yes, they should: as Facebook’s modus operandi mutates, their vocabulary ceases to match the magnitude of the task at hand. Fortunately, the “happiness” experiment also shows us where the true dangers lie.

For example, many commentators have attacked Facebook’s experiment for making some users feel sadder; yet the company’s happiness fetish is just as troubling. Facebook’s “obligation to be happy” is the converse of the “right to be forgotten” that Google was accused of trampling over. Both rely on filters. But, while Google has begun to hide negative results because it has been told to do so by European authorities, Facebook hides negative results because it is good for business. Yet since unhappy people make the best dissidents in most dystopian novels, should we not also be concerned with all those happy, all too happy, users?

Read it all.

Filed under: * Culture-WatchBlogging & the Internet--Social NetworkingLaw & Legal IssuesPsychologyScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeStock Market* TheologyAnthropologyEthics / Moral Theology

0 Comments
Posted August 10, 2014 at 3:04 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Insurance fraud complaints in South Carolina have reached an all-time high with more than 1,200 pouring in last year, according to a report released Friday by Attorney General Alan Wilson.

The annual report from his office's Insurance Fraud Division noted attorneys prosecuted cases that resulted in 37 convictions and in more than $700,000 being returned to the victims of insurance fraud.

The report cites several notorious cases.

Read it all.



Filed under: * Culture-WatchLaw & Legal Issues* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* South Carolina* TheologyEthics / Moral Theology

2 Comments
Posted August 9, 2014 at 8:24 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Two Americans with Ebola received at least half of the world's supply of a drug that might be able to change the course of the deadly virus.

Some people are asking how to allocate additional doses of this drug and whether it was ethical to give those drugs to American missionaries when they weren't available to West Africans suffering from or fighting the outbreak.

The World Health Organization will convene a panel of medical ethicists early next week to discuss the use of such experimental treatments. The group will probably decide how to allocate medications should more become available.

Read it all.

Filed under: * Culture-WatchGlobalizationHealth & MedicineScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeForeign RelationsPolitics in General* International News & CommentaryAfricaAmerica/U.S.A.* TheologyAnthropologyEthics / Moral Theology

0 Comments
Posted August 7, 2014 at 5:38 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

“We should not be surprised if parents who have ordered a baby and rented a woman’s womb refuse it at birth if it is not healthy and perfect,” said an article published in the Vatican’s semiofficial newspaper, L’Osservatore Romano.

“In fact if a child becomes a product to buy, it is obvious that as with any acquisition it must meet with the buyer’s approval.”

The strongly worded commentary was written by prominent Catholic feminist and regular contributor Lucetta Scaraffia, who argued the child’s rejection was to be expected in the “explosive mix” of consumerism combined with a “throwaway culture.”

Read it all.

Filed under: * Culture-WatchChildrenHealth & MedicineLaw & Legal IssuesLife EthicsMarriage & FamilyScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* TheologyAnthropologyEthics / Moral Theology

0 Comments
Posted August 6, 2014 at 4:35 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Will robots ease our toil or become a tool for automation and oppression? People who care about technology seem sharply divided, and passionate, about the topic.

The Pew Research Center asked 1,900 technology experts if robots will help or hurt the workforce over the next 10 years. Nearly half (48%) envision a future in which robots displace significant numbers of workers. The remaining 52% say automation will not displace more jobs than it creates by 2025.

But the numbers were just the starting point for some heated opinions.

“We, as a society, have a lot of decisions to make,” said study co-author Aaron Smith, a senior researcher at the Pew Internet Project. “There’s going to be a lot of debate.”

Read it all.

Filed under: * Culture-WatchGlobalizationScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeLabor/Labor Unions/Labor Market* TheologyAnthropologyEthics / Moral Theology

0 Comments
Posted August 6, 2014 at 11:09 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

A Russian crime ring has amassed the largest known collection of stolen Internet credentials, including 1.2 billion username and password combinations and more than 500 million email addresses, security researchers say.

The records, discovered by Hold Security, a firm in Milwaukee, include confidential material gathered from 420,000 websites, ranging from household names to small Internet sites. Hold Security has a history of uncovering significant hacks, including the theft last year of tens of millions of records from Adobe Systems.

Hold Security would not name the victims, citing nondisclosure agreements and a reluctance to name companies whose sites remained vulnerable. At the request of The New York Times, a security expert not affiliated with Hold Security analyzed the database of stolen credentials and confirmed it was authentic. Another computer crime expert who had reviewed the data, but was not allowed to discuss it publicly, said some big companies were aware that their records were among the stolen information.

Read it all.

Filed under: * Culture-WatchBlogging & the Internet--Social NetworkingGlobalizationLaw & Legal IssuesScience & Technology* Economics, PoliticsDefense, National Security, MilitaryEconomyConsumer/consumer spendingCorporations/Corporate Life* International News & CommentaryEuropeRussia* TheologyAnthropologyEthics / Moral Theology

0 Comments
Posted August 5, 2014 at 5:29 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Even in death, you can’t escape the property bubble.

From New York to London, growing populations are competing with the deceased for land, driving up real-estate costs well into the afterlife. In Asian megacities, where cremation is the norm, even space for urns is in short supply.

“At the end of the day, it’s like any other piece of real estate,” says Amy Cunningham, a New York state licensed funeral director. “Prices have conspired to put burials out of the range of most people’s budgets.”

Read it all.

Filed under: * Christian Life / Church LifeParish MinistryDeath / Burial / Funerals* Culture-WatchReligion & Culture* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeHousing/Real Estate Market* Theology

0 Comments
Posted August 5, 2014 at 11:06 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

A rush of newly insured patients using health services has boosted hospital operators' fortunes but has racked up costs that insurers didn't anticipate, corporate filings and interviews with executives show.

People are getting more back surgeries, seeking maternity care and showing up at emergency rooms more frequently, executives say, boosting income for hospital operators.

At Tenet Healthcare Corp....patient volumes rose 4% in the second quarter compared with a year earlier, while uninsured inpatient admissions slid 22%....

Read it all.

Filed under: * Culture-WatchHealth & Medicine--The 2009 American Health Care Reform Debate* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* International News & CommentaryAmerica/U.S.A.* TheologyAnthropologyEthics / Moral Theology

0 Comments
Posted August 5, 2014 at 6:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Pattaramon [ Chanbua] was promised 300,000 baht ($9,300) by a surrogacy agency in Bangkok, Thailand’s capital, to be a surrogate for the Australian couple, but she has not been fully paid since the children were born last December.

She said the agency knew about Gammy’s condition four to five months after she became pregnant but did not tell her. It wasn’t until the seventh month of her pregnancy when the doctors and the agency told her that one of the twin babies had Down syndrome and suggested that she have an abortion just for him.

Pattaramon recalled strongly rejecting the idea, believing that having the abortion would be sinful. “I asked them, ‘Are you still humans?’ I really wanted to know,” she said Sunday.

Read it all.

Filed under: * Culture-WatchChildrenGlobalizationHealth & MedicineLaw & Legal IssuesMarriage & FamilyScience & Technology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* International News & CommentaryAsiaThailandAustralia / NZ

0 Comments
Posted August 3, 2014 at 2:00 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Florida Blue, the state’s largest health insurer, is increasing premiums by an average of 17.6 percent for its Affordable Care Act exchange plans next year, company officials say.

The nonprofit Blue Cross and Blue Shield affiliate blames higher health costs that are a result of attracting older adults this year who previously lacked coverage and are using more services than expected.

Florida insurance regulators plan to release rate information for all companies next week. The exchange plans cover individuals who are not covered by employer-based policies.

Read it all.

Filed under: * Culture-WatchHealth & Medicine--The 2009 American Health Care Reform Debate* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeCredit MarketsPersonal FinancePolitics in General* TheologyAnthropologyEthics / Moral Theology

0 Comments
Posted August 3, 2014 at 12:28 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The U.S.’s most dominant industries look a lot different than they did less than 25 years ago. From 1990 to 2013, the top industries by employment have changed from mostly manufacturing to mostly health-care and social-assistance jobs in the majority of states, according to a U.S. Bureau of Labor Statistics data analysis of its Quarterly Census of Employment and Wages. The states where retail jobs were most prevalent were located mostly in the West in 1990 and now reside predominantly in the Southeast.

Read it all.

Filed under: * Culture-WatchHistory* Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor Market* International News & CommentaryAmerica/U.S.A.

0 Comments
Posted August 3, 2014 at 6:15 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon



Filed under: * Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeThe Banking System/Sector* International News & CommentaryCanada* TheologyEthics / Moral TheologyPastoral Theology

1 Comments
Posted August 2, 2014 at 9:30 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

U.S. and European Union sanctions against Russia’s Vladimir Putin threaten to shut off some of the world’s largest energy companies from one of the biggest untapped energy troves on the planet.

As violence escalates in eastern Ukraine between government and separatist forces, the EU yesterday sought to punish Russia for its involvement by restricting exports of deep-sea drilling and shale-fracturing technologies. The U.S. followed suit, with President Barack Obama announcing a block on specific goods and technologies exported to the Russian energy sector.

“Because we’re closely coordinating our actions with Europe, the sanctions we’re announcing today will have an even bigger bite,” Obama told reporters yesterday at the White House. “Russia’s energy, financial and defense sectors are feeling the pain.”

Read it all.

Filed under: * Culture-WatchGlobalization* Economics, PoliticsDefense, National Security, MilitaryEconomyConsumer/consumer spendingCorporations/Corporate LifeEnergy, Natural ResourcesForeign RelationsPolitics in General* International News & CommentaryEngland / UKEuropeRussiaUkraine* TheologyEthics / Moral Theology

0 Comments
Posted July 30, 2014 at 5:45 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

As Robert Mutuku hangs “Out of Africa” T-shirts in his craft shop in the Kenyan port city of Mombasa, he worries that the scarcity of tourists because of Islamist-militant attacks may doom his chances of keeping his five children in school.

Mutuku, 47, has had to fire three people who made souvenirs at his workshop for the tourists who once crowded the alleys of the city’s Old Town to savor its spice aromas and admire its Portuguese and Islamic architecture. Now Mutuku is certain he won’t be able to fulfill the dream of his eldest daughter, Catherine Ndinya, 21, to attend college.

“I have spent three days without selling anything,” Mutuku said in a July 25 interview. “I already took a bank loan to send the others back to school this term. I don’t know what I’ll do next term.”

Read it all.

Filed under: * Culture-WatchViolence* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeTerrorism* International News & CommentaryAfricaKenya* TheologyEthics / Moral Theology

0 Comments
Posted July 28, 2014 at 5:15 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

If ever a kitchen appliance captured the zeitgeist, this is it: you can now eat your own face, thanks to a selfie toaster.

The toasters are custom built to scorch a particular image into a piece of bread. They cost $75 (£45), and to order one you must send a picture of yourself to the manufacturer.

Read it all (subsciption required).

Filed under: * Culture-WatchDieting/Food/NutritionPsychology* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* International News & CommentaryEngland / UK* TheologyAnthropologyEthics / Moral Theology

0 Comments
Posted July 25, 2014 at 5:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

So much soot belched from the old power plant here that Mike Zeleny would personally warn the neighbors.

“If the wind was blowing in a certain direction,” Mr. Zeleny said, “we’d call Mrs. Robinson down the street and tell her not to put out her laundry.”

That coal plant is long gone, replaced by a much larger and cleaner one along the vast Saskatchewan prairie. Sooty shirts and socks are a thing of the past.

But as with even the most modern coal plants, its smokestacks still emit enormous amounts of carbon dioxide, the invisible heat-trapping gas that is the main contributor to global warming. So this fall, a gleaming new maze of pipes and tanks — topped with what looks like the Tin Man’s hat — will suck up 90 percent of the carbon dioxide from one of the boilers so it can be shipped out for burial, deep underground.

Read it all.

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

15 Comments
Posted July 23, 2014 at 7:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The Church of England’s prolonged struggle to sell its stake in Wonga, the payday lender, illustrates the problems that investors can encounter when they lock up their capital in illiquid private vehicles instead of buying publicly traded securities that offer a straightforward exit.

However, buying and selling positions in existing private equity funds in the secondary market is becoming increasingly popular, attracting growing interest from institutional investors.

Ardian, a Paris-based manager, raised $9bn earlier this year to create the largest private equity secondary market fund to date while Lexington Capital Partners is looking to raise $8bn to $10bn for its latest secondary vehicle.

Read it all.

Filed under: * Anglican - EpiscopalAnglican ProvincesChurch of England (CoE)* Christian Life / Church LifeParish MinistryStewardship* Economics, PoliticsEconomyCorporations/Corporate LifeCredit MarketsStock MarketThe Banking System/Sector* International News & CommentaryEngland / UK* TheologyEthics / Moral Theology

0 Comments
Posted July 22, 2014 at 4:49 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

"As many as 1 in 5 of the people in the top half of the tax credit range might actually end up having income that puts them out of the tax credit range, which means whopping bills at tax time," Brandes said. "We're talking about millions of people here."

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 July 21, 2014 at 3:30 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Rodney Durham stopped working in 1991, declared bankruptcy and lives on Social Security. Nonetheless, Wells Fargo lent him $15,197 to buy a used Mitsubishi sedan.

“I am not sure how I got the loan,” Mr. Durham, age 60, said.

Mr. Durham’s application said that he made $35,000 as a technician at Lourdes Hospital in Binghamton, N.Y., according to a copy of the loan document. But he says he told the dealer he hadn’t worked at the hospital for more than three decades. Now, after months of Wells Fargo pressing him over missed payments, the bank has repossessed his car.

This is the face of the new subprime boom. Mr. Durham is one of millions of Americans with shoddy credit who are easily obtaining auto loans from used-car dealers, including some who fabricate or ignore borrowers’ abilities to repay.

Read it all.


Filed under: * Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePersonal FinanceThe Banking System/Sector* International News & CommentaryAmerica/U.S.A.* TheologyEthics / Moral Theology

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Posted July 20, 2014 at 12:15 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

We live in intolerant times. A former Secretary of State is disinvited from speaking on campus. Corporate leaders are forced to resign because of their views on marriage. People are forced by the courts to violate their consciences. A prominent Senate leader calls Tea Party activists “anarchists” and, in a speech reminiscent of McCarthyism, brands the businessmen-philanthropist Koch brothers “un-American.” The Internal Revenue Service—harking back to the Johnson and Nixon eras—is accused of targeting individuals and groups for their political views. And government leaders routinely ignore laws they are sworn to uphold.

This is more than intolerant. It is illiberal. It is a willingness to use coercive methods, from government action to public shaming, to shut down debate and censor those who hold a different opinion as if they have no right to their views at all.

Read it all and read part two there also.



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

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Posted July 18, 2014 at 11:56 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

As long as that phone is acting as a kind of electronic umbilical cord, parents can tell themselves their children are safe.

But increasingly the smartphone itself is an instrument of harm. Such is the case with a 16-year-old Houston girl named Jada, who entered the spotlight as she publicly confronted the evidence that she had been raped at a party by at least one other teenager. She says she passed out after drinking a beverage that was spiked and only learned of the crime after her classmates began tweeting photos and videos taken of her unconscious, partly nude body. (Houston police are investigating; no one has been charged.)

What happened next is remarkable in ways that instill faith in the human spirit and at the same time provoke disgust at the depravity and lemming-like behavior that teenagers with smartphones are capable of.

Read it all.

Filed under: * Culture-WatchBlogging & the Internet--Social NetworkingChildrenMarriage & FamilyScience & TechnologyTeens / YouthViolence* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate Life* International News & CommentaryAmerica/U.S.A.* TheologyAnthropologyEthics / Moral Theology

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Posted July 17, 2014 at 8:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Ms. Yellen, in downplaying concerns about financial stability, said the economic recovery remained incomplete and the Fed’s help was necessary.

“Too many Americans remain unemployed, inflation remains below our longer-run objective and not all of the necessary financial reform initiatives have been completed,” Ms. Yellen told the Senate Banking Committee.

Ms. Yellen’s testimony is likely to reinforce a sense of complacency among investors who regard the Fed as convinced of its forecast and committed to its policy course. She reiterated the Fed’s view that the economy will continue to grow at a moderate pace, and that the Fed is in no hurry to start increasing short-term interest rates.

Read it all.

Filed under: * Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeHousing/Real Estate MarketLabor/Labor Unions/Labor MarketPersonal FinanceThe Banking System/SectorThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--The U.S. GovernmentFederal Reserve* International News & CommentaryAmerica/U.S.A.

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Posted July 15, 2014 at 12:47 pm [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

Cyberspace has become shorthand for the computing devices, networks, fibre-optic cables, wireless links and other infrastructure that bring the internet to billions of people around the world. The myriad connections forged by these technologies have brought tremendous benefits to everyone who uses the web to tap into humanity’s collective store of knowledge every day.

But there is a darker side to this extraordinary invention. Data breaches are becoming ever bigger and more common. Last year over 800m records were lost, mainly through such attacks.... Among the most prominent recent victims has been Target, whose chief executive, Gregg Steinhafel, stood down from his job in May, a few months after the giant American retailer revealed that online intruders had stolen millions of digital records about its customers, including credit- and debit-card details. Other well-known firms such as Adobe, a tech company, and eBay, an online marketplace, have also been hit.

The potential damage, though, extends well beyond such commercial incursions. Wider concerns have been raised by the revelations about the mass surveillance carried out by Western intelligence agencies made by Edward Snowden, a contractor to America’s National Security Agency (NSA), as well as by the growing numbers of cyber-warriors being recruited by countries that see cyberspace as a new domain of warfare. America’s president, Barack Obama, said in a White House press release earlier this year that cyberthreats “pose one of the gravest national-security dangers” the country is facing.

Read it all.

Filed under: * Culture-WatchGlobalizationScience & Technology* Economics, PoliticsDefense, National Security, MilitaryEconomyConsumer/consumer spendingCorporations/Corporate LifeForeign RelationsPolitics in General* TheologyEthics / Moral Theology

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Posted July 14, 2014 at 8:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

[Recently we learned that]...a critical threshold has now been reached in the 10,000-year history of urban civilization. On Thursday, the United Nations declared for the first time that more than half of the people on the planet live in cities. Only 70 years ago, less than a third did. And by 2050, two-thirds of people will be living in cities.

The rapid pace in urbanization has many causes, such as better transportation and a rise in manufacturing. China, for example, has seen the world’s largest migration as more than 150 million rural people have moved to cities in recent decades for factory jobs and better education after the country embraced a market economy.

But a deeper cause likely drives people to live in close proximity to each other and put up with noise, traffic, pollution, and high prices....Cities are escalators to the good life. They are dream factories. Urban migrants put up with squalor in order to lift their families out of generations of rural stagnation.

Read it all.

Filed under: * Culture-WatchHistoryUrban/City Life and Issues* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeHousing/Real Estate MarketLabor/Labor Unions/Labor MarketPolitics in GeneralCity Government* TheologyAnthropologyEthics / Moral Theology

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Posted July 13, 2014 at 5:00 am [Printer Friendly] [Print w/ comments]

Posted by Kendall Harmon

The Church Commissioners for England are pleased to announce that their indirect investment exposure to Wonga in their venture capital portfolio has been removed. The Church Commissioners no longer have any financial or any other interest in Wonga.

The terms ensure that the Church Commissioners have not made any profit from their investment exposure to Wonga.

At no time have the Commissioners invested directly in Wonga or in other pay day lenders. The indirect exposure of the Commissioners through pooled funds represented considerably less than 0.01% of the value of Wonga.

Read it all.

Filed under: * Anglican - EpiscopalArchbishop of Canterbury --Justin WelbyAnglican ProvincesChurch of England (CoE)* Culture-WatchReligion & Culture* Economics, PoliticsEconomyCorporations/Corporate LifePersonal FinanceStock MarketThe Banking System/Sector* International News & CommentaryEngland / UK* TheologyEthics / Moral Theology

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Posted July 11, 2014 at 6:10 am [Printer Friendly] [Print w/ comments]




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