A number of high-profile investors have recently shown up here. KKR & Co., the New York-based private-equity firm, last summer bought control of a rose farm, Afriflora, for about $200 million, its first investment in Africa. Blackstone Group plans to build a $1.35 billion pipeline to bring gasoline to the capital, Addis Ababa. Hedge-fund manager Paul Tudor Jones is backing a $2 billion geothermal power project.
The investors are following in the footsteps of Irish punk rock singer turned activist Bob Geldof, whose Live Aid concerts 30 years ago this summer raised about $145 million for the victims of a devastating Ethiopian famine. Mr. Geldof now chairs 8 Miles LLP, a London-based private-equity firm that invests in Ethiopia. 8 Miles raised a $200 million fund in 2012; Mr. Geldof put in a few hundred thousand dollars. “They don’t have to die in vast numbers before we pay attention,” Mr. Geldof said in an interview. “The potential rewards in Africa are far greater than anywhere else.”
State Lotteries and the Government’s Betrayal of the Poor
Ray Nothshine , Alabama Policy Institute
In the American tradition, the government is supposed to promote the common good and protect the rights of all citizens, especially the vulnerable. The success of lotteries, of course, depends upon the participation of the poor and vulnerable.
Norman Borlaug. He saved a billion lives
After graduation, he worked for DuPont developing crops instead of military service in World War II. His life’s work had begun. He was 30 years old. He would receive the Nobel Peace Prize in 1970 for saving a billion lives.
Justice Reform: Georgia’s Bipartisan Cinderella Story
Rachel Lu, The Federalist
Fiscally sound policies can be compassionate and humane. Just look at Georgia, where prison populations are down after initial justice reform.
When Thomas Jefferson Read the Qur’an
David Forte , Library of Law and Liberty
In this work with the eye-startling title, Thomas Jefferson’s Qur’an: Islam and the Founders, Spellberg investigates all manner of references among the founding generation to Islam.
Indeed, Christians and Muslims hold radically different notions about the “true faith” and the nature of God. This would have been unquestionably obvious to St. John of Damascus (676-749) who authored the Exact Exposition of the Orthodox Faith and served as a high counselor to Muslim rulers.
Now some of the same Christian communities that date to the era of the Damascene church father — or earlier — have been wiped out or targeted for extinction by Islamic terrorists. Read “Syrian Christian refugees feel fortunate to have fled Islamic State,” an L.A. Times report on the “several thousand Assyrian Christians who fled in late February as the militants advanced into dozens of largely Christian villages along the Khabur River in eastern Syria.” (more…)
Small-government conservatives often share a regrettable trait with their big-government liberal opponents: they frame the issue almost exclusively in terms of the size and scope of the federal government.
Although conservatives sometimes expand their view and include state governments, the focus tends to miss the local governments, city and county municipalities, that can have a considerable impact on an individual’s life. But in Texas they’re beginning to take notice—and are doing something about it:
Texas Gov. Greg Abbott, a Republican, has been vocal about his opposition to what he characterizes as an overabundance of regulations implemented at the local level in his state.
During remarks at the Texas Public Policy Foundation’s 13th annual Policy Orientation in January, Abbott said that “the truth is, Texas is being California-ized with bag bans, fracking bans, tree-cutting bans…We are forming a patchwork quilt of bans and rules and regulations that are eroding the Texas Model.”
And as James Quintero, the director of the Center for Local Governance at the Texas Public Policy Foundation, told The Daily Signal, “big government at the local level is still big government.”
The smile curve is an idea came from the computer industry, but it applies broadly. It’s a recognition, in graph form, that there is good money to be made (or more value to be added) in research and development, and, at the other end, in marketing and retailing.
It’s also a recognition that there is almost no profit to be made, except in high volumes, in the middle areas of manufacturing (assembly or shipping). This has hurt the American middle class because we used to be a manufacturing nation. Yet today, even where manufacturing is strong, it does not usually pay well.
It’s one reason so much factory work has gone overseas (especially textiles and assembly). In the early stages of a product, there is good money in the middle, but when it becomes common to make a car or a computer or a vacuum cleaner, then the value of manufacturing goes down, as we all know. (more…)
Most of us associate the words “I have a dream” with the iconic speech of Martin Luther King, Jr. But there was a woman, nearly 200 years earlier, who wrote of her own impassioned dreams of liberty.
Mary Wollstonecraft was born in 1759 in England and championed social and educational equality for women. The daughter of a farmer, Wollstonecraft came to debate the likes of Edmund Burke regarding natural law, revolution and individual liberty.
What is intriguing about Wollstonecraft is that she continued the discussion in this later book in order to apply for the first time these ideas about individual liberty to women as well as men. Having established this to be the case to her satisfaction she then asked the further question why were women in the subordinate position they were in vis-à-vis men? Her answer was that they were held in this position by a combination of force (laws which discriminated against them in terms of property ownership, education, and marriage) and established opinion regarding the proper role of women in the home and in society. Her solution was to equalize women before the law and to encourage parents to devote the same effort in educating their daughters as they did their sons.
In the early 2000s, Broadway United Methodist Church had a series of outreach programs, including a food pantry, after-school program, clothing ministry, and a summer youth program that served up to 250 children per day. Today, these programs are completely absent, and it’s no accident.
“They’ve been killed off,” writes Robert King in a fascinating profile of the transformation for Faith and Leadership. “In many cases, they were buried with honors. But those ministries, staples of the urban church, are all gone from Broadway. Kaput.”
“One of the things we literally say around here is, ‘Stop helping people.’” says Rev. Mike Mather, the church’s pastor. “I’m serious.”
Although Mather was the first to initiate many of these programs, with some efforts going back as far as the late 1980s, after a series of circumstances, including a series of community tragedies, he began to believe that a new approach was needed. “I started paying attention to what they really cared about,” he says. (more…)
How IKEA Has Transformed Russian Homes
the mendeleyev journal
IKEA (ИКЕА in Russian Cyrillic) was the Russian story that almost never happened. Still, the Swedish retail giant has transformed Russian kitchens, bathrooms and bedrooms in ways that the profit-wary communists of a few decades ago could have never imagined.
Are Entrepreneurship and Risk-Taking at Odds with Biblical Stewardship?
Greg Ayers, Institute for Faith, Work, and Economics
If you’re a Christian entrepreneur and you believe your work contributes to the cause of flourishing that God desires for his creation, you might find yourself asking about the biblical perspective on risk.
Jay Richards argues that Christians who care about human well-being should defend free markets.
The ACLU’s Betrayal of Civil Liberties
Carson Holloway, Public Discourse
The ACLU is trying to deprive other organizations of freedoms that it would insist upon for itself. Their work is not a defense of equality—it is an effort to impose a certain view of morality on the country by law.
There is something about religious freedom that causes some folks, including many journalists, to lose all sense of reason and objectivity. Last year Mollie Hemingway wrote a blistering critique of reporting on the issue in which she said, “we have a press that loathes and works actively to suppress this religious liberty, as confident in being on the ‘right side of history’ as they are ignorant of natural rights, history, religion and basic civility.”
The recent religious freedom legislation in Indiana has proved Hemingway’s point. In an attempt to clear up some of the number of “misconceptions and unwarranted concerns about the proposal,” Notre Dame law professor Richard Garnett explains,
There are those who decry the infusion of faith in business; after all, why should the bakers down the street be able to turn down the account for the gay wedding? But many entrepreneurs – in many industries and with many different beliefs – intertwine their beliefs and their business … and it’s not always what you think.
Christ Horst at Values & Capitalism says faith (of many different types) plays a role in business in our country. Whether you agree with it or not, many business people live out their faith life with their business life.
For instance, many faithful business folk practice charity through their businesses because of their religious beliefs. Manoj Bhargava, the creator of the wildly-successful 5-Hour Energy, spent years as a monk in India. He predicts his company will give away $1 billion in the next 10 years. David Neeleman, of JetBlue, offers his company’s services to the Mormon church. (more…)