Thanks to Rob Chaney at the Missoulian, the touching story of young Caden Stufflebeam is told. Chaney wrote a piece titled, “Rocks to riches: Missoula boy sells stones he finds to buy food for needy.”
As a quick follow-up to Ray’s post yesterday, be sure to check out the work of Arthur C. Brooks on charitable giving. The spring issue of Religion & Liberty featured an interview with him, and his book, Who Really Cares?, was the basis for a special focus on ABC’s 20/20 (hosted by John Stossel):
I remember riding back to seminary in Kentucky a couple years ago with a young lady and we pulled off the expressway to grab a bite. As we were getting ready to pay our bill, the young lady, who happened to be from Mississippi, said, “God is telling me to give 100 dollars to this young man behind the counter of this restaurant. ” Needless to say this young man was thankful of God’s decision to speak through the young woman in this manner.
Whenever an ex-president releases a new book there is considerable buzz in the media. When Bill Clinton released a new book in Chicago this week the buzz was more than considerable. President Clinton’s new book, Giving: How Each of Us Can Change the World (Knopf 2007), is sure to provoke good and important discussion. My hope is that those who love him, as well as those who despise him for whatever reason, will take a long look at his central argument (even it they refuse to buy his book). The argument he makes is simple and he uses stories to make it—each of us can make an important difference in the world, a much greater difference than we’ve ever imagined. Read more on Giving and the Rise of Volunteerism…
The Acton Institute’s 2007 Samaritan Award winner for outstanding private, voluntary charitable service has been awarded to the Arkansas Sheriffs’ Youth Ranches, Inc. Their mission statement reads, “To address, remedy, and prevent child abuse and neglect by creating safe, healthy, and permanent homes for children.” One of the outstanding aspects of the program is their belief in not abandoning those who participate in their program just because they reach a certain age. Participants are allowed to stay involved and seek guidance beyond their post-secondary education, and until they’re able to foster their own independence in their lives. It strongly promotes a belief that the leaders and supporters of the ranch believe in them beyond any conditions or variables.
When the sign for one of those payday lending stores went up on the corner a block away from my house, I have to say I was less than enthusiastic.
The standard response in a market economy to “market failure” is for a nonprofit to fill the gap in services or meet the need. Today’s NYT reports on efforts in the short-term loan industry to meet that need. As it stands in the market system, “Payday loan stores, which barely existed 15 years ago, now outnumber most fast-food franchises. Typically a customer borrows a few hundred dollars in exchange for a check, postdated to the next payday, made out in the amount of the principal plus a fee of $15 to $22 per $100 borrowed.” 22 dollars every two weeks works out to about 572 percent annual interest.
From today’s NYT: “CARE, one of the world’s biggest charities, is walking away from some $45 million a year in federal financing, saying American food aid is not only plagued with inefficiencies, but also may hurt some of the very poor people it aims to help.”