Friday, October 19, 2018

In the news, Saturday, September 29, 2018


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SEP 28      INDEX      SEP 30
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from Asia Times Online
News & Media Website

A demographic explanation of America’s low-wage mystery
With the US unemployment rate at the lowest level in a generation and many industries reporting labor shortages, US wages are supposed to be rising. They aren’t. For the past two years, inflation-adjusted average weekly earnings of US workers barely have risen with respect to the previous year. Low wage growth contributes to low inflation, which frustrates the Federal Reserve and most of the economics profession. A large part of the explanation (and perhaps the largest part) is that the American population is aging, workers are retiring later, and – critically – older workers (55 years and over) have far lower wage gains than younger workers.

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from CNBC
TV Network in Englewood Cliffs, NJ

SEC settles charges with Tesla's Elon Musk, will remain as CEO but relinquish chairman role and pay stiff fine
The SEC settled charges with Tesla over Elon Musk's bid to take the company private on Saturday. As part of the settlement, Musk and Tesla will pay $20 million each, and the billionaire will step down as chairman of the board.

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from FEE (Foundation for Economic Education)
RIGHT-CENTER BIAS, HIGH, non-profit organization

Data Show a Clear Correlation Between Economic Freedom and Prosperity
This morning, the Fraser Institute, a Canadian think tank, published the 22nd edition of its annual Economic Freedom of the World (EFW) report. For a long time, we’ve known that, on average, freer economies are richer, grow faster and have longer life expectancies. But the 2018 edition of the EFW gives us more insight than ever before into the intrinsic link between economic freedom and other measures of human well-being—such as infant mortality, equality, happiness, and extreme poverty rates.

The 10 States with the Best Tax Systems (and the 10 Worst)
The specifics of a state’s tax structure matter greatly. The measure of total taxes paid is relevant, but other elements of a state tax system can also enhance or harm the competitiveness of a state’s business environment. The State Business Tax Climate Index distills many complex considerations to an easy-to-understand ranking. Wyoming, New Hampshire, Wyoming, and Nevada rank among the best states, while California, New Jersey, Vermont, and Ohio are some of the worst.

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from New York Times
Newspaper in New York

The historical Christian positions on social issues don’t match up with contemporary political alignments. What should the role of Christians in politics be? More people than ever are asking that question. Christians cannot pretend they can transcend politics and simply “preach the Gospel.” Those who avoid all political discussions and engagement are essentially casting a vote for the social status quo. American churches in the early 19th century that did not speak out against slavery because that was what we would now call “getting political” were actually supporting slavery by doing so. To not be political is to be political.

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from The Spokesman-Review
Newspaper in Spokane, Washington

Sue Lani Madsen: A teachable moment on teen drinking
It’s been a gut-wrenching week for anyone following the Senate Judiciary Committee hearings and a teachable moment to discuss community norms and parents’ role in underage drinking. That’s the focus of the 64 Community Prevention Wellness Initiative coalitions funded by the state of Washington. These coalitions tackle prevention with a local focus. Spokane County has two: the East Valley Community Coalition in the East Valley School District and the West Spokane Wellness Partnership centered around the West Central Neighborhood.

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