Acton Institute Powerblog Archives

Business and Society

A Rising Tide Lifts All Boats

This BBC Newshour story (RealAudio) following on the first Rolls-Royce automobile purchased in India in fifty years contains some interesting analysis about the state of the Indian economy. Citing the liberalization of the economy beginning in 1991, Indian diplomat Pavan Varma states that “the number of people below the poverty line have been reduced fairly dramatically.” This in spite of the protestations of the interviewer, Claire Bolderson, that the gap between rich and poor illustrates “quite a contradictory picture that’s emerging from India today.” Continue Reading...

Prayer for Commerce and Industry

Almighty God, whose Son Jesus Christ in his earthly life shared our toil and hallowed our labor: Be present with your people where they work; make those who carry on the industries and commerce of this land responsive to your will; and give to us all a pride in what we do, and a just return for our labor; through Jesus Christ our Lord, who lives and reigns with you, in the unity of the Holy Spirit, one God, now and for ever. Continue Reading...

Business & Theological Education

Christian Post columnist R. Albert Mohler, Jr., president of The Southern Baptist Theological Seminary in Louisville, Kentucky, compares business schools and theological seminaries, which are both “tempted to redefine their mission in strictly academic terms.” In explicating a recent study published in the Harvard Business Review, Mohler passes on the conclusions about the trend among business schools, “Today, it is possible to find tenured professors of management who have never set foot inside a real business, except as customers.” Mohler writes of a similar threat to theological schools, It should be unthinkable that the faculty in a theological seminary would include professors of such limited experience in church life. Continue Reading...

Wal-Mart’s Wages

Here’s a well-balanced story by Steve Greenhouse in today’s New York Times, “Can’t Wal-Mart, a Retail Behemoth, Pay More?” On this point, refer to an op-ed by Acton staff about the economics and ethics of the “living wage” (PDF). Continue Reading...

Civic Groups Remain Relevant

Noting the declining participation in community and civic groups, Jordan J. Ballor assesses a different root cause than has been put forth so far. “The greatest share of blame,” he writes, “Ought to be laid at the feet of the modernist view of individuality, which minimizes the importance of community and social structures.” Read the full text here. Continue Reading...

Blog Market

In traversing the World Wide Web, I’ve happened across BlogShares, “a fantasy stock market for weblogs. Players get to invest a fictional $500, and blogs are valued by incoming links.” As the Acton Institute PowerBlog heads toward its one month anniversary, check out it’s BlogShare value. Continue Reading...

Law Signed Protecting Filtering Industry

President Bush signed a bill into law yesterday that exempts companies such as ClearPlay from litigation for copyright infringement. ClearPlay, for example, offers a DVD player that will filter out “objectionable” content. Continue Reading...

Immigration Confusion

There’s been a lot of talk in recent days about the question of immigration, both legal and illegal. A number of issues are involved, including questions about national security, economic concerns, and cultural values. Continue Reading...

Power Ball

Mark McGwire hit 70 home runs in 1998.An article in The New York Times magazine over the weekend provides an up-close look at the stories of two men impacted by the burgeoning problem of steroid use in baseball. Continue Reading...

Warring against Wal-Mart

The big box giant Wal-Mart is under attack again, this time by a coalition of varied opponents. The group, named “Wal-Mart Watch,” took out an ad in The New York Times last Wednesday, accusing the retailer “of low pay and meager employee benefits that force their workers to rely on Medicaid, food stamps, and federal housing to survive,” according to an Associated Press report. Continue Reading...