Posts tagged with: general electric

How much value does religion add to the U.S. economy? According to a new study the effect of religion exceeds the revenue of the ten largest tech companies—including Apple, Google, Amazon, and Facebook combined.

The study, recently published in the Interdisciplinary Journal of Research on Religion, provides three estimates of the value of faith to U.S. society. The first and most conservative estimate takes into account only the revenues of faith-based organizations falling into several sectors (education, healthcare, local congregational activities, charities, media, and food). The second estimate takes into account the fair market value of congregational social services and contribution of businesses with religious roots. Their third, higher-end estimate based on the annual household incomes of America’s religiously affiliated population.

By their most conservative estimate, the economic contribution of the religion sector to the U.S. society is roughly $378 billion a year: healthcare ($161.0 billion), local congregational activities ($83.8 billion), education ($74.0 billion), charities ($44.3 billion), media ($0.9 billion), and food ($14.4 billion).

At ERLC, I have more more on this study and how they determined how religion affects the economy.

Blog author: rnothstine
Friday, February 4, 2011
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Rev. Robert Sirico, president and co-founder of the Acton Institute called Ronald Reagan a “sunny warrior for freedom” with “a clear sense of moral priority.” The commentary was written a day after the former president’s death in 2004. If you walk into the Acton office you might notice a photo of Rev. Sirico and Acton executive director and co-founder Kris Mauren with Reagan at his former office in Century City, California. He holds a visible imprint at Acton.

Sunday is Ronald Reagan’s centennial birthday. ABC News has a good overview of some of the festivities. The Super Bowl even has a tribute video planned for the giant jumbotron in Dallas. The centennial site at the Reagan Library has news about the celebration and a list of events. General Electric, a former employer of the president, has their own centennial page.

Here in Grand Rapids, we are hosting our own event, Acton on Tap: Faith and Public Life in Ronald Reagan’s America. You are invited.

Acton has a lot of rich Reagan content. Some of the best is linked below: