A study out of Harvard University focusing on tax credits and other tax expenditures has caused 24/7 Wall St. to declare that America has 10 cities where the poor just can’t get rich. Among the reasons that economic upward mobility is so Detroit Area Economy Worsens As Big Three Automakers Face Dire Crisisminimal in these cities: horrible public education (leading to high dropout rates) and being raised in single-mother households. What these cities share is an economic segregation: two distinct classes of people, with virtually nothing in common.

However, it seems not only bold but disingenuous to say that there “are cities where the poor cannot get rich.” Is it tough? Yes. Is it impossible? Of course not. In A Field Guide to the Hero’s Journey, entrepreneur Jeff Sandefer tells how he made his first job work for him. It wasn’t glamorous. (more…)

The real estate crisis led to plenty of finger-pointing and blame-shifting, but for Phoenix real estate developer Walter Crutchfield, it led to self-examination and spiritual reflection.

“The real estate crash brought me to a place of stepping back and evaluating,” Crutchfield says. “I could see where I lost sight of the individual intrinsic value of work, of individuals, of community…Rather than asking ‘is the demand reasonable?,’ we just serviced it, and now we had a chance to think about what we had done.”

In yet another marvelous video from Nathan Clarke and Christianity Today’s This Is Our City project, Crutchfield shares his journey from seeing work as aimless toil to being driven by the prospect of value creation:

Crutchfield concludes that work “pleases God,” and that through its fundamental function of serving others, it “declares the glory of God…just because it is.” For Crutchfield, this basic realization transformed his entire approach to doing business, leading him to focus on creating “real value,” rather than simply going through the motions. (more…)

Blog author: jcarter
Tuesday, July 23, 2013

The Decline of the Civil-Rights Establishment
Shelby Steele, Wall Street Journal

Black leaders weren’t so much outraged at injustice as they were by the disregard of their own authority.

Pope Francis, Brazil, and the Lessons of Detroit
Robert Royal, The Catholic Thing

Raising up the poor takes economic growth and even the dreaded pursuit of real “profit,” something many Catholic reformers see as the problem rather than the solution. But it was the old capitalistic, profitable auto industry that once made Detroit a thriving metropolis.

Monks in Egypt’s Lawless Sinai Hope to Preserve an Ancient Library
Ladan Cher, Time

Just as they have done for 17 centuries, the Greek Orthodox monks of St. Catherine’s Monastery in Egypt’s Sinai desert and the local Jabaliya Bedouins worked together to protect the monastery when the 2011 revolution thrust Egypt into a period of uncertainty.

Creditor States Demand That Greece Reduce Clergy Salaries

International creditors are currently exerting pressure on the government of Greece, demanding that it cancel the salaries of around 9500 Priests.

Climbing_into_America_Ellis_Island_by_Lewis_HineIt is a moral right of man to work. Pursuing a vocation not only allows an individual to provide for himself or his family, it also brings human dignity to the individual. Each person was created with unique talents, and the provision of an environment in which he can use those gifts is paramount. As C. Neal Johnson, business professor at Hope International University and proponent of “Business as Mission,” says,

“God is an incredibly creative individual, and He said that I’m making men and women in my own image. He made us to be creative individuals … He gave a number of things to humanity and to mankind and said, ‘Look, this is who I want you to be. This is who I’ve made you to be. I want you to take dominion. I want you to exercise your creative gifts.’”




One of the more curious cultural movements in recent years has been the increasing interest in zombies, and in particular the dystopian visions of a world following the zombie apocalypse.

Part of the fascination has to do, I think, with the value of thought experiments in speculation about such futures, however improbable. There may be something to be learned from gazing into a sort of fun house mirror, the distorted image of humanity as seen in zombies.

But zombies have not only captured the popular imagination. They have also become the object of academic (or at least ‘intellectual’) discourse.

Peter Paik, for instance, has a working paper at SSRN on “The Walking Dead” as an exploration of attempts to escape the “state of nature,” characterized by pessimism regarding “a better future and the fear of moving beyond an economic system that permits unlimited acquisition.” Neoliberalism is for Paik the defining feature of the run-up to the zombie apocalypse, which might say more about the captivity of academic discourse to dominant modes of cultural interpretation than anything of value about real-world political economy: “The mindless, undead ghoul that consumes the flesh of human beings lends itself almost too easily as a metaphor about our current economic predicament.”

One of the takeaways from the surprisingly (at least to me) interesting World War Z has to do with a central insight into post-apocalyptic political economy, and is a word of caution pace Paik concerning the relative valuation of a “neoliberal” order. At one point, Gerry Lane’s wife Karin appeals to Gerry (Brad Pitt) to talk to his friend, Thierry, an official with the UN. Gerry response: “Thierry isn’t in charge of anything anymore.”

Undoubtedly, we live in an era where personal privacy is difficult to maintain. Even if you choose not to have a Facebook account or Tweet madly, you still know that your medical records are on-line somewhere, that your bank account is only lock on keyboarda hack away from being emptied, and that cell phone records are now apparently government domain. But it gets worse.

Enter the Federal Data Hub, which will give the government access to “reams of personal information compiled by federal agencies ranging from the IRS to the Department of Defense and the Veterans Administration”, guarded and navigated by an army of “patient navigators.”

The federal government is planning to quietly enact what could be the largest consolidation of personal data in the history of the republic,” Paul Howard of the Manhattan Institute and Stephen T. Parente, a University of Minnesota finance professor, wrote inUSA Today. No wonder that there are concerns about everything from identity theft to the ability of navigators to use the system to register Obamacare participants to vote.


Economic-freedomThe wide differences in economic freedom that we observe at the country level can exist at the subnational level as too (e.g., residents in Texas and Florida have greater economic freedom than those in California and New York). But until recently, there were no local indices comparable to the national and global rankings. In a recently published study for the Journal of Regional Analysis & Policy, Dean Stansel, professor of economics at Florida Gulf Coast University, shows that greater economic freedom in metropolitan areas corresponds to higher incomes and lower unemployment in these localities.

Here are the most and least free metro areas in America: