As noted here and here, Interfaith Center on Corporate Responsibility Executive Director Laura Berry was one representative of several groups asking the Securities and Exchange Commission to adopt new corporate political disclosure rules in October. Ms. Berry was joined by Sen. Elizabeth Warren (D-Mass.) and numerous other liberal/progressive advocates who wanted to put up regulatory roadblocks to corporate political speech guaranteed by the U.S. Supreme Court’s Citizens United ruling.

The SEC, however, determined it would not proceed with stifling free speech despite what the Washington Post described as

A groundswell of support … with retail investors, union pension funds and elected officials at the state and federal levels writing to the agency in favor of such a requirement. The idea attracted more than 600,000 mostly favorable written comments from the public — a record response for the agency. And with Mary Jo White’s arrival as SEC chairman in April, the initiative’s supporters hoped for action.

‘But she obviously did not really recognize the significance of this,’ said Bruce Freed, president of the Center for Political Accountability, which has pioneered the push for political spending disclosures. ‘She is not looking at investor protection and corporate governance broadly. You do not see those as primary drivers of her agenda.’ (more…)

military-draftHow can we fix all that has gone wrong in our nation’s capital? Mandate military service for all Americans, men and women alike, when they turn 18. At least that’s the provocative solution Washington Post columnist Dana Milbank proposed this weekend:

There is no better explanation for what has gone wrong in Washington in recent years than the tabulation done every two years of how many members of Congress served in the military.

[. . .]

Because so few serving in politics have worn their country’s uniform, they have collectively forgotten how to put country before party and self-interest. They have forgotten a “cause greater than self,” and they have lost the knowledge of how to make compromises for the good of the country. Without a history of sacrifice and service, they’ve turned politics into war.

Some pundits have called Milbank’s column the “worst argument in favor of the draft ever.” While I agree it’s bad, I’ve heard worse (see: any draft-related argument made by Rep. Charlie Rangel). All arguments for the draft ultimately fail, though, because they are inconsistent with a free society. They also overlook the way that markets in a free society allow us to serve and protect our country.

Chad W. Seagren, who earned a PhD in economics from George Mason University and holds the rank of Major in the Marine Corps, explains why participation in the division of labor serves society:
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economics-241x300Pope Francis’ exhortation Evangelii Gaudium has been garnering much attention, especially for some of the economic views he put forth in the document. With the reminder that an apostolic exhortation does not have the weight of infallibility, the exhortation has been a terrific way to discuss Catholic teaching on different matters.

Rev. Dwight Longenecker, in his blog Standing On My Head, tackles the issues raised regarding the wealthy and the poor. (more…)

Good Monday morning to you! Acton’s Director of Research (and author of Tea Party Catholic) Samuel Gregg was called upon to provide analysis of ‘Evangelii Gaudium‘ on Bill Bennett’s Morning in America radio show. You can listen to the interview using the audio player below:

I also want to draw attention to the interviews conducted over the weekend with Acton President Rev. Robert A. Sirico that we posted on Saturday, just in case anyone is checking in after the long weekend and missed them. And of course don’t forget to check out Rev. Sirico’s video comments on ‘Evangelii Gaudium’ from last Wednesday if you haven’t had an opportunity to do so already.

Blog author: jcarter
Monday, December 2, 2013
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What’s Behind the Stunning Decrease in Global Poverty?
James R. Rogers, First Things

Most observers would likely concede that the decline in extreme poverty results from a combination of factors. But there remains disagreement over what is the main cause, or set of causes, of the decline.

Handsome Is as Handsome Gives
Arthur C. Brooks , Wall Street Journal

Donors to charity aren’t merely generous souls. They’re happier, healthier and better looking too.

What Does the Image of God Have to Do With Economics?
Shawn Ritenour, Institute for Faith, Work, and Economics

One of the chief ways God communicates his glory to us is through his works. Theologians call this general revelation.

American Jurisprudence Has Made A Mess Of Religious Freedom
Eric Teetsel and Andrew Walker, The Federalist

Religious freedom as nothing more than exemption is concession; little more than the slow and incremental surrender of a basic human right.

On Wednesday, Rev. Robert A. Sirico, Acton’s President and co-founder, offered his initial comments on “Evangelii Gaudium,” the Apostolic Exhortation released on November 26 by Pope Francis. This morning, Rev. Sirico spent some time extending his thoughts during the course of a couple of radio interviews.

In his first interview of the day, Rev. Sirico appeared on The Chris Salcedo Show on The Blaze Radio Network:

Later on, Rev. Sirico joined host Larry Kudlow on 77 WABC in New York City for a nearly 40 minute discussion of the document, which is well worth your time to listen to in full:

In this short talk, Rev. Robert A. Sirico, co-founder and president of the Acton Institute, offers some general observations about the new “Apostolic Exhortation” published Nov. 26 by Pope Francis. Specifically, Rev. Sirico addresses the economic content of the work, titled “Evangelii Gaudium” (The Joy of the Gospel) and poses some questions for further reflection. And please take a moment to watch this PovertyCure trailer also posted here.


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