Posts tagged with: business

small-actions-change-the-worldAt a point in time where the election cycle invites everyone and their brother to “throw their hat in the ring,” Americans constantly jabber about which candidates might have the biggest national impact. What is overlooked is that local leaders are the ones who make the greatest impact in our daily lives.

Cheryl Dorsey insists that local communities must pay attention to their own leaders in order to thrive:

It’s imperative that the investment community and others support these entrepreneurs in the communities where they work. Markets are places where value is created. These social entrepreneurs look at disadvantaged youth, dilapidated houses, low-income neighborhoods and under-performing educational systems, and they see how they can create more value. We must change the climate for these leaders so they can put solutions into practice and to build markets where others ignore them. We need to build the investment and support system to help them go further, faster.

(more…)

JMM_18.1 front cropOur most recent issue of the Journal of Markets & Morality has now been published online and print issues are in the mail.

Volume 18, no. 1 is a special issue. Guest editor Shirley Roels details the origins of the contributions in her (open access) editorial:

To highlight the 2013–2014 English publication of the first volume of [Abraham] Kuyper’s theological commentary on common grace, the Calvin College Business Department organized an October 2014 symposium, which was co-sponsored by the Acton Institute. Faculty, business practitioners, and students gathered to think about the meaning of Kuyper’s common grace theology for twenty-first-century business. Over an exceptional day of discourse, presentations and panels were woven into a robust discussion about the light of faith for business when that life is shared together by Christians and those who follow other paths. Leaders from banking, manufacturing, natural resources, film, food, and floral industries, among others, joined with business educators to shape the current intertwining of common grace and business.

The symposium was framed around three themes that emerge from Kuyper’s writings about common grace. Its planners described these as the protective, constructive, and imaginative functions of common grace. Through such grace, God protects remnants and echoes of his good created order as gifts for all people despite continuing human perversity. God designs the expectation and possibility that together humans will construct institutions to respond to needs and support social order. God provides continuity between the values and virtues of all people so that Christians as well as those in other faith traditions can work together imaginatively.

The article contributions to this journal issue originated in that October 2014 symposium. Peter Heslam’s opening article provides some of Kuyper’s less-known commentary about business life. Then eight articles, all authored by Christian business educators, articulate the implications of Kuyper’s common grace theology for business ethics, strategic planning, global debt markets, entrepreneurship, market pricing, the accounting profession, operations management, and human resource frameworks. Richard Mouw’s closing article enjoins us to bring robust Christian faith to the business spaces where God’s light can readily flood. (A separate review essay unrelated to the symposium also appears as part of the journal’s regular publication schedule.) Finally, integrated into the journal’s book review section are four reviews of recent books about faith and business that highlight resources to deepen this intersection of faith and business.

In addition to Dr. Roels’ editorial, I have made my review of The Common Good: An Introduction to Personalism by Jonas Norgaard Mortensen open access as well. You can read it free here.

If you are interested in a subscription to the Journal of Markets & Morality, subscription directions and prices can be found here.

Once you’ve purchased a subscription, you can read our most recent issue, volume 18, no. 1, here.

“We view autism as one of our key competitive advantages,” says Tom D’Eri of Rising Tide Car Wash in Parkland, Florida, which employs 43 employees, 35 of which are on the autism spectrum. “Our employees follow processes, they’re really excited to be here, [and] they have a great eye for detail.”

Hear more of their story here:

Among adults with autism, the unemployment rate is around 90%, and yet, if you were to ask D’Eri, whose brother has autism, the market is simply not recognizing the enormous potential and unique gifts these people possess. “Typically people with autism are really good at structured tasks, following processes, and attention to detail,” he says. “So we saw that there are really important skills that people with autism have that make them, in some cases, the best employees you could have.” (more…)

Alexis_de_tocqueville_croppedWhat is social justice? Is it a vision of a perfectly just society? Is it an ideal set of government policies? Is it a particular theory or practice? Is it a virtue? A religious concept? A social arrangement?

In a lecture at Acton University on his forthcoming book, Social Justice: What It Is, What It Isn’t, Michael Novak sought to answer some these questions with a particular framework around intermediary institutions.

Offering a broad survey of the term’s origins, history, and modern use and application, Novak countered modern misconceptions of social justice (e.g. as another word for equality), and sought to outline a definition that’s (1) connected to the original understanding, (2) ideologically neutral, and (3) applicable current circumstances.

Leaning first on Pope Leo XIII for an original understanding, he proceeded to channel Alexis de Tocqueville, describing social justice in terms of our activity in basic, day-to-day associations. This begins with religion, of course, which “dominates our hearts,” he said, without the support of the state, and in turn, transforms our orientations and imaginations toward citizens, institutions, and law. With this as the basic order of things, social justice begins when the individual rightly understands his relation to God, and proceeds to engage with civilization accordingly. (more…)

woman-with-air-conditionerIf you are of a “certain age,” you grew up without air conditioning. As unthinkable as it is now, we made due with window screens and fans. And we survived.

Honestly, it was pretty miserable sometimes. Especially if your dad happened to have a vinyl recliner that you sat on during hot, humid August days watching Brady Bunch re-runs. Peeling  yourself off one of those is an experience that will scar you forever.

Air conditioning is more than just a way to make our lives more comfortable; it’s economically advantageous. (more…)

LemonisMarcus2I’ve written before on how television can be a powerful tool for illuminating the deeper significance of daily work and the beauties of basic trade and enterprise. Shows like Dirty Jobs, Shark Tank, Undercover Boss, and Restaurant Impossible have used the medium to this end, and today at The Federalist, I review a new contender in the mix.

CNBC’s The Profit is arguably the best reality show currently on television. Starring Marcus Lemonis, a Lebanese-born American entrepreneur and investor, each episode highlights an ailing businesses in desperate need of cash, care, and wisdom.

By the end, we get a remarkable view into the types of struggle, pain, glory, and redemption that occur across countless businesses every single day.

The show counters a host of false stereotypes about business, three of which I highlight in my piece. But one that is perhaps more popular and pernicious than all is the notion that business and is necessarily driven by greed and selfishness.

On the contrary, I argue, selfishness kills and service prospers: (more…)

In a new video from Made to Flourish, Tim Keller offers practical guidance to ministers and churches on how they can better disciple their people when it comes to work and stewardship:

(more…)

Both my parents grew up in Detroit, and my childhood was filled with great trips to visit family for holidays and in the summer. The downtown Hudson’s store was always a destination. One of my aunts worked there, and it was the place to shop. Our trips always included a stop for a Sander’s hot fudge ice cream puff as well. My sisters and I played endless games on the stoop of my grandmother’s home, and a few miles away, rode bikes up and done sidewalks neighborhood sidewalks with our cousins.

That Detroit doesn’t exist anymore. What was once a thriving and beautiful Midwestern city is now a place struggling to remake itself. Harry Veryser, economist and professor at University of Detroit Mercy, has a few ideas as to how Detroit just might make a comeback, and why it ended up the way it is now.

 

Blog author: jcarter
Wednesday, April 15, 2015
By

7figuresToday is tax day, the day when individual income tax returns are due to the federal government. Here are seven figures you should know about tax day:

1. The average federal tax rate for all households (tax liabilities divided by income, including government transfer payments) before taxes is 18.1 percent.

2. Households in the top quintile (including the top percentile) paid 68.8 percent of all federal taxes, households in the middle quintile paid 9.1 percent, and those in the bottom quintile paid 0.4 percent of federal taxes. (Quintiles — fifths — contain equal numbers of people.)

3. Social insurance taxes (e.g., Social Security, Medicare) account for the largest share of taxes paid by households in all but the top quintile.

4. The U.S. tax code is approximately 2,600 pages long (about 1.5 times longer than Tolstoy’s War and Peace and 2.5 times longer than Ayn Rand’s Atlas Shrugged).

5. At midnight, the U.S. Treasury gets an extra $760 million. Taxpayers have three years to claim refunds, so the $760 million that is owed to 918,600 people will, by statute, go to the governments coffers tomorrow.

6. If you’re owed a refund, you won’t get in trouble if you miss the April 15 filing deadline. But if you’re wrong and you actually owe money, you’ll incur a maximum penalty of 5% for each month after the deadline. If you’re more than 60 days late, you’ll be fined $135, or 100% of the unpaid tax — whichever amount is smaller.

7. Examining 30 years of road crash data from the National Highway Traffic Safety Administration, researchers found that fatal car crashes increase 6 percent on April 15.

Bill Dalgetty’s Hope for the Workplace, Christ in You is rich with stories of people in business who are struggling to integrate their faith and work lives. Weaving biblical parables with dozens of real life stories gleaned from his experience as president of Christians in Commerce International, Dalgetty points—usually explicitly and sometimes in a more nuanced way—to universal truths of human conscience.

Dalgetty, a career attorney and executive for Mobil Corporation, is sensitive to corporate America’s overly PC culture. He acknowledges that living one’s faith in corporate America is often times difficult because a culture of “inclusiveness” means overt expressions of religious faith are forbidden. In plain, un-lawyer-like language, Dalgetty translates his ardent Christian faith into universal values that would be acceptable in any secular workplace.

The author’s own journey of faith can be pieced together from various anecdotes in the book: He was a highflying attorney for the huge multinational energy corporation and worked primarily in New York City and Northern Virginia. Little by little, his career ambition eclipsed the time and energy he put into his family, his health, and his faith. He continued to go to church, but admits that the faith was only superficial.

That all changed when his wife invited him to a “Week of Renewal” event that was being held by a local Catholic parish. There, he had mystical experience which is described in great detail. As a result of this experience Dalgetty was inspired to begin intentionally fostering a personal relationship with Jesus Christ. While it is clear that the author is a devout Catholic, he is strongly influenced by the mystical and more charismatic communities, giving Hope for the Workplace an ecumenical appeal. (more…)