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11

Apr

The Psychology of Recession & Big Society

Posted by Steve  Published in Culture, Economics

Just ran across this nice piece by Frog Orr-Ewing. Frog is the Vicar of The Latimer Minister in Beaconsfield, UK. My son Tim spent just about 7 months working with Frog and Amy (his wife) on the start-up of the church plant.

The Millennials are entering the working environment, and adult society (out of the bubble of full-time education) with a thump. Long gone are the certainties of jobs for graduates, and of finding fulfillment to their long-nurtured dreams of entitled success and achievement. Many have been raised within an educational and parenting environment, which, though fragmented and perhaps unsatisfactory, nevertheless was looking for opportunities to build self-esteem and involvement. Social commentators have occasionally called them the ‘trophy kids’ or ‘Generation me’. They have been used to an environment where they matter, where they have a role, a place and something to offer. So the last two years have been particularly hard – as the fiercest bite of the recession has taken a big chunk out of their future prospects – and more are feeling ‘never-employed’ (as opposed to unemployed) than ever before. Recent figures have ranged from 10% to 25% of graduates failing to find employment. The number of 16- to 24-year-olds classed as “NEET” – not in education, employment or training – has topped one million for the first time. Even unpaid internships, now only for the elite, are on the rise, with young adults ‘buying’ the privilege of working somewhere interesting for a year for several thousand pounds.
There are two possible problems that this creates:

Read the rest.

2 comments

16

Feb

Congressman Tim Scott to Speak at Lifeworks

Posted by Steve  Published in Culture, Economics, Leadership, Relationships

LifeWorks Charleston is a conduit for Christian professionals seeking to successfully apply their faith in the marketplace, providing education and encouragement through a commitment to biblical teaching and quality programming.  St. Andrew’s will be hosting their February event which will focus on “The Journey of Influence.”  Our newly elected Congressman, Tim Scott will be speaking.

Here are the details:

When: Feb. 23rd, 7:15-9:00am

Where: St. Andrew’s Church ~ Mt Pleasant (MAP)

Who: Christian Professionals

How Much: $20 in advance, $25 at the door,
$140 for a table of eight.  A hot breakfast will be served

For more information, click here.

no comment

8

Jun

The Coming Economic Collapse of 2011

Posted by Steve  Published in Economics

By disposition I mainly ignore doomsday scenarios, both on the Left and the Right. But Arthur Laffer makes a plausible argument in the Wall Street Journal that in the United States the upcoming taxes increases in these difficult economic times will likely lead to an economic collapse in 2011.  Here’s a clip:

Now, if people know tax rates will be higher next year than they are this year, what will those people do this year? They will shift production and income out of next year into this year to the extent possible. As a result, income this year has already been inflated above where it otherwise should be and next year, 2011, income will be lower than it otherwise should be.

Also, the prospect of rising prices, higher interest rates and more regulations next year will further entice demand and supply to be shifted from 2011 into 2010. In my view, this shift of income and demand is a major reason that the economy in 2010 has appeared as strong as it has. When we pass the tax boundary of Jan. 1, 2011, my best guess is that the train goes off the tracks and we get our worst nightmare of a severe “double dip” recession.

…If you thought deficits and unemployment have been bad lately, you ain’t seen nothing yet.

Read the rest.

6 comments

19

Aug

The Agony of the Liberal

Posted by Steve  Published in Culture, Economics, Politics

Whole Foods CEO John Mackey, a self-described libertarian with very progressive policies within his Whole Food chain (50,000+ employees – here’s a list of their benefits), draws fire and internet calls for a boycott of Whole Foods (hurting whom?  Mr. Mackey?) because he had the audacity to say ObamaCare would be a disaster?  Honestly, one of the amusements of a Democratic majority is sitting back and watch them cannibalize dissenters – oh, the liberality of the liberal and the tolerance of the tolerant.  

Here’s the article that sparked the outrage.  Make sure you read it all.

By-the-way, make sure to shop at Whole Foods tomorrow.

3 comments

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