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Happy Christmas! “Unto us a child is born; Unto us a son is given”

God Gold and Generals - Sun, 08/12/2019 - 22:37

Yesterday we went to see Handel's "Messiah" with the Halle Orchestra and choir in Manchester. My cousin Paul's daughter Clara was singing in the choir. It was very moving experience for all of us.

“Unto us a child is born; Unto us a son is given” sang the choir

These words come from the Bible and were written  by a man called Isaiah about 700 years before the birth of Christ. Isaiah foretold many details of Jesus’s life:  for example that he would be born of a virgin, that he would live in Galilee, that he would be killed and even the type of grave that he would have in death

What does the prophecy mean? That Jesus was the long promised Messiah, born for us: for everyone. This means that he was born for you too.  

Why was he born for you? Why do we need him? He was born to save. This is what his name means: the angel told Joseph to call the baby Jesus for “he will save his people from their sins”

Why do we need saving? From evil. Thats easy to understand if we look for example at the recent events at London Bridge, where we see both good and evil, but it’s harder to understand if we look within ourselves. If we are honest we have to admit that there is evil within each of us. Alexander Solzhenitsyn said  “the line between good and evil doesn’t run between nation states or political parties or even between runs right through every human being.”

What kind of Saviour does Christmas bring? 

A child. A tiny, completely helpless child who couldn’t survive for a few minutes if left on his own. A child who will grow up to be just like you and me. 

A human being who will be tired, hungry, happy and sad, feel all the same emotions that we feel. Just like us.

But also not like us. For he is a son and what the bible means here is not an ordinary son but the Son of God. 

Yes, this tiny, helpless child Christians believe is also God the maker of the whole universe. So vast is the universe that there are two stars in the known universe for every grain of sand in every beach in the world. 

Christians believe that the tiny baby Jesus is 100% God and 100% human. That the infinite, unknowable Creator God who made and sustains the whole universe became a tiny baby in a manger in an obscure corner of the Roman Empire 2000 years ago. The infinite God who made the universe humbled himself to become the lowest of the low. 

Why did he do that? For me and for you, to rescue us from evil. 

What motivated him to do that? 

Love. God could have justifiably thrown away the whole human race as irretrievably ruined beyond redemption. But he didn’t. He cared so much about us that he was willing to come as a helpless tiny child, to live as a human being, to die in our place, to offer us a way to be  rescued from evil, to even defeat death.  

"Born that man no more may die: 
Born to raise the son of earth, 
Born to give them second birth. "

Happy Christmas! 

Categories: Friends

Eli Whitney

Adam Smith Institute - Sun, 08/12/2019 - 12:01

A remarkable American who made a profound impact on history was born on December 8th, 1765. This was Eli Whitney, an inventor, engineer and manufacturer. He found fame not only as the inventor of the cotton gin, a device that separated the cotton fibres from the hard seeds, but also as the pioneer of mass manufacture based on putting together interchangeable parts.

The new machines of England's Industrial Revolution needed cotton, but it was very labour-intensive. It took one person a full day to separate one pound of the cotton fibres from the attached seeds by hand. Whitey thought this process might be done by a simple hand-cranked machine, easy to make, operate and repair. Cotton was fed via a hopper onto a revolving cylinder bristling with short wire hooks to snag the fibre. A mesh allowed the fibre through, but not the seeds, and finally a drum rotating in the opposite direction brushed off and collected the cotton. The seeds could be used to plant more cotton, or to make cottonseed oil,

Whitney's simple cotton gin could enable someone to process 50 pounds of cotton in a day, vastly increasing he profitability of the crop, and transforming the economy of the American South. Whitney gained a patent in 1794, but the planters were reluctant to pay for his machines and service costs because the machine was too easily copied. Bootleg versions spread through the South, and Whitney was unable to enforce his patent protection in the courts. Planters grew rich by using slave labour to plant and harvest their cotton, and to process it, but Whitney's reward was a tiny fraction of the profits his machine made possible.

Arguably his bigger contribution came when the US government feared there might be a war with France, and needed muskets. They turned to outside contractors to supply 40,000, since the government armouries had only made 1,000 over a three-year period. While other suppliers made muskets using skilled artisans to fashion each piece, Whitney had derived an idea from his cotton gin manufacture, and bid to make 10,000 muskets by fitting together parts made by specially designed machine tools. Since the parts, including the stock, the barrel, the trigger, and so on were all made with precision separately, any of them could be fitted together with any of the others to make a musket.

Whitney described his tools as being "like an engraving on a copper plate," from which many identical prints could be made. In 1801 in front of newly elected President Thomas Jefferson and US officials, he had them pick parts at random from assembled piles of musket constituents and fit them together into complete muskets. They did so, and the age of mass manufacture from constituent parts was born.

Skilled craftsmen and artisans, together with their privileged patrons, bemoaned the fact that the products were identical, lacking individual craftsmanship. But they were cheap to make, and became accessible to those of more limited means. Henry Ford, later to invent the moving production line, gloried in the similarity and low cost of his cars, offering "any colour you like, as long as it's black."

The development of modern information technology and automation means that products are no longer identical. During manufacture the customer can specify individual requirements such as trim, colours, materials, etc., which are fed into the production process so that in the case of cars, no two coming off the production line are identical. Each one instead is custom made for the buyer. The process has become sophisticated enough to combine mass production with individual variation, such that each customer receives a different product. Whitney, who stared the process, would have ben astounded, but probably delighted, to see where it would lead.

Categories: Current Affairs

We understand the claim about universalism but what's the reality?

Adam Smith Institute - Sun, 08/12/2019 - 07:01

A stirring rally call in the lead up to the election. Labour is just promising the return of universalism. There are certain things that all should have at a minimum standard and those things should be supplied by the state. We’d even agree with the base theory - all should have civil liberty for example. It the what as in, what things should all have provided by the state that we disagree with.

At which point the justification of that universalism as Labour is insisting:

But in the UK the arguments grounding this approach have to be made afresh. And they go like this: universal provision is more efficient, better quality, less stigmatising and builds social participation, while tackling poverty and hardship.

It’s the efficiency and quality claims we would argue with. People do tend to be more efficient in their use of things that they must directly pay for after all. And quality?

The state schools are better quality than the private? The NHS is better quality than private health care? The GPO was better quality than BT and today’s competitors? A government food service would be better quality than private sector supermarkets? We’ve not tried that one in Britain but the evidence from the Soviet system wouldn’t lead us to think so.

So, no, the claim doesn’t stand. Further, there’s a slightly more subtle reason why it doesn’t. We know that it is competition which improves productivity and standards of output. The one universal system of provision is exactly what does not allow that competition thus everything becomes worse than it could be over time in such a one producer system.

After all, we do want the citizenry to have the best - which is exactly why we don’t want monopoly provision of it, whether that monopoly is being run by the state or anyone else.

Categories: Current Affairs

Has the Upcoming Moderator Election Influenced the Filing of Two Criminal Complaints by the KCD?

Anglican Ink - Sat, 07/12/2019 - 19:00

In the space of less than one month the Karnataka Central Diocese (KCD), acting on behalf of the Church of South India Trust Association (CSITA), has lodged two criminal complaints against the same set of persons. The first complaint dated 15/10/2019 was lodged with the Ulsoor police station in Bengaluru and the second dated 13/11/2019 in the police station in Chikkaballapur, about 55 kms from Bengaluru. In both these, the KCD has accused one John S. Dorai, Thyagaraja, Jeevan Stephen and “others” of attempting to illegally transact prime CSITA property in Bengaluru and Chikkaballapur. Both complaints have resulted in FIRs and at least one arrest has been made.

At Youth4CSI we have criticised John Dorai and his associates (See our Jan 23, 2019 post “Are those claiming to be the fence now eating the crop?”) for attempting to lease out CSITA property in Mysuru and elsewhere. We are not convinced of the argument put forward by Dorai and his supporters that leasing was a strategy to prevent illegal sale of these properties by those in power or by the ruse used of depositing a part of the lease proceeds in official CSITA accounts to make it appear the transactions are above board. That said, the two recent police complaints lodged by the KCD Secretary Rev Paul Dhanasegaran, a close associate of Bishop P.K. Samuel, raise many troubling questions as to their timing and real intent.

We are attaching below the police complaint lodged by the KCD three weeks ago about the Chikkaballapur property transaction that we at Youth4CSI first reported on a month ago. See. The following are some of the issues thrown up by that complaint filed by KCD which also contains information on the other complaint filed a month earlier:

1) Pg 2 of the complaint reveals that a “bogus lease agreement” on the No 4 M.G. Road property (seen in picture) was executed on 3/2/2018. It also reveals that the CSITA had officially requested the KCD to lodge a criminal complaint on 22/11/2018. Yet the complaint in the 4 M.G. Road matter was lodged only a year later on 15/10/2019 as revealed in the letter. Why such an inordinate delay and why now?

2) Pg 2 of the complaint also states that the GPA given by John Dorai was dated 22/10/2018 but the No 4 M.G. Road bogus lease agreement was dated 3/2/2018. So how could the two be connected? In fact there is no connection between the two as the 22/10/2018 GPA (also attached below) was not only executed eight months after the alleged bogus lease on 4 M.G. Road property but was valid only for a very limited period from 22/10/2018 to 20/11/2018 (see pg 3 of GPA). It seems the purpose of this GPA was only to register the lease on a CSITA property in Mysuru which was done on 14/11/2018. So how could this date-limited GPA have been used to execute the agreements on either the No 4 M.G. Road or Chikkaballapur properties? Surely the beneficiaries of those agreements would have objected had this been the case.

3) While the complaint of 15/10/2019 makes the lessee of No 4 M.G. Road property K. Abdul Nazar a co-conspirator and accused with Thyagaraja and others, the complaint of 13/11/2019 gives a clean chit to the Chikkaballapur agreement beneficiary M/S M.S. Ramaiah Developers & Builders Pvt Ltd. This is all the more strange as this company is cited in the complaint letter as a “long-time tenant” of another landmark CSITA property in Bengaluru and would surely have known about who the real powers in the CSITA-KCD were or would have at least made a phone call to confirm. In any case why Is the KCD giving the builder a clean chit in advance in its complaint when it is actually the job of the police to do so after due investigation?

4) Youth4CSI understands the Chikkaballapur case has been transferred to the Ulsoor police station for it to be clubbed with the investigation into the earlier complaint since the accused persons are the same. Incidentally the Ulsoor police station is located a few hundred metres from where the KCD Bishop’s House is located and has been often called on to settle various issues.

Now here is why the timing of the two complaints become important. As we reported last month, Bishop P.K. Samuel is one of three bishops vying to become Moderator of the CSI in Synod polls in January 2020. The leading contender for the post currently is Bishop Dharmaraj Rasalam of South Kerala Diocese. Bishop Rasalam was in the running for the job in 2017 itself when he was persuaded by fellow bishops to make way for Bishop Thomas Oommen of Madhya Kerala Diocese. Oommen, it was argued then, had, due to the retirement age being 67, only one chance to become Moderator while Rasalam could stand again in 2020. Besides, Oommen was the Deputy Moderator at the time.

Given Rasalam’s seniority and the apparent “promise” held out to him in 2017, Bishop Samuel has to do something significant if he has to negate this advantage that Bishop Rasalam currently enjoys. John Dorai has long been a thorn in the side of the CSI bishops and sending him to jail (the Bengaluru police are still actively looking for him) will go down well with Samuel’s fellow bishops. At least that could be the thinking behind the first complaint that was lodged on the eve of the Moderator’s elections and a full one and half years after the alleged No 4 M.G. Road property lease was executed.

As per the 2016 CSI Constitution the Bishops’ Council meeting on the first day of the Synod session is to agree (either unanimously or by two thirds majority) on one name for Moderator and another for Deputy Moderator which then have to be ratified by a majority affirmative vote of the Synod. If the bishop nominated for Moderator/Deputy Moderator does not get a majority or if the Bishops’ Council fails to propose one name, the Council will choose two names by secret ballot and the Synod will elect one of them by simple majority. This is very different from the system prevailing pre-2016 where whichever bishop who wanted to become Moderator could directly take his campaign to Synod voters. Since all three Moderator contenders this time have only one shot at the post before they retire, the competition to be the name put forward by the bishops or to be among the two chosen by secret ballot will be intense come next month. And in such a scenario expect all three candidates to pull out all stops.

The post Has the Upcoming Moderator Election Influenced the Filing of Two Criminal Complaints by the KCD? appeared first on Anglican Ink © 2019.

CSI places diocese of Krishna Godavari under national church administration

Anglican Ink - Sat, 07/12/2019 - 18:53

The CSI Synod has appointed an Administrative Committee to manage the affairs of the Krishna Godavari Diocese. In an “order” dated 28th November 2019 and addressed to Bishop George Cornelious, the Synod has said this was needed to fill an “administrative vacuum” created in the diocese. The Committee with Bishop Cornelious (seen in pic with his wife) as chairman has 15 members including Vijay Pradhan (KG Diocese) as administrative secretary, N. D. Solomon Raju (Karnataka Central Diocese) as financial administrator and Babu Abraham (Cochin Diocese) and Samuel Cornelius (Madras Diocese) as two of its members from outside the KG diocese.

Explaining the circumstances leading to the decision, the order issued on a Synod Secretariat letterhead in the name of Moderator Thomas K. Oommen states: “The new Diocesan Council of Krishna Godavari diocese for the triennium 2019-2021 was convened and constituted on 8th November 2019. Then came a status quo order with regard to conduction (sic) of elections if they are not completed by 1.00 p.m. from the High Court of Andhra Pradesh at Amaravati in writ petition no 17759 of 2019. The election of the Executive Committee and other Boards and Committees were not completed by 1.00 p.m. as per the report of the Election Officer and that the new officers elected were not installed as the Council came to be adjourned around 1.30 pm.” Youth4CSI has a copy of the Synod order (strangely it carries only a round stamp of Moderator beside his name at the end, not his signature) but is not able to attach it here as the photocopy we received is rather faint.

The AP High Court was moved by the same petitioners who had got former Moderator and Bishop of Krishna Godavari G. Dyvarsirvadam arrested last December and jailed for a month on major corruption charges. They contended that incumbent Diocesan Secretary G. S. Sudheer, a nephew of Dyva, who had issued notices convening the Council stood incapacitated from taking such action by pending criminal and civil cases involving him. Sudheer is a co-accused in the criminal case against his uncle and is currently out on bail.

An interesting strategy adopted by the petitioners was that they made senior government officials including the Collector and Police Commissioner of Vijayawada the lead respondents (see order copy attached) in the WP and argued these officials were not performing their duty in restraining the diocesan officials from violating status quo orders passed in other cases against them. Most stays brought against Diocesan Council elections are from local courts. As the KG diocese had already taken caveats in local courts in Vijayawada, the petitioners directly moved the AP High Court where, to make the petition stick, they used alleged inaction by senior government officers as the cause of action. Though the ex-parte stay sought by the petitioners did not fructify, a curiously worded order saying status quo will be maintained if elections had not been completed by 1.00 pm on the date of hearing, which was the opening day of the Council, was issued (see attachment) .

While the immediate purpose of getting the Council stayed has been served, it will be a greater challenge for the petitioners to ensure the stay continues longer than if the matter were in a local trial court. The case is again coming up for hearing next week, when the petitioners are to file the counter to the submission made by the diocese. The stayed Council election was also meant to elect the 17 members who will represent the diocese in the triennial Synod session being held in Trichy in January 2020. Now it is unlikely they will be present in Trichy.

Bishop Cornelious who succeeded Dyvasrivadam is said to be not much different than his predecessor when it comes to making a fast buck be it through unofficial fees for teacher appointments, transfers, conducting confirmation services, etc. He suffered a mild stroke last month but is said to have made a full recovery. Meanwhile the chargesheet against Dyva, who is currently out on bail, has yet to be filed by the CB-CID even a year after he was arrested and jailed. Sources say transfers of several officials after the installation of the new Jagan Mohan Reddy government in Andhra Pradesh in May 2019 has led to the delay and are hopeful of this happening early in the new year.

The post CSI places diocese of Krishna Godavari under national church administration appeared first on Anglican Ink © 2019.

Burundi drive to combat violence against women

Anglican Ink - Sat, 07/12/2019 - 18:45

Several hundred men, women and young girls and boys mobilized on Saturday 30 November 2019 in the commune of Buhiga to demonstrate their commitment to the fight against violence against women and girls.

This event was organized by the Church of Burundi and saw the participation of the population from the public and private sector.

For the Bishop of Buhiga it was an opportunity to reflect on the damage caused by domestic violence and examine the environments where it takes, as well as the impact it has on the lives of victims. They gathered to unite efforts to combat these violence.

The Governor of the Province of Karuzi acknowledged the existence of gender-based violence in this province and called on everyone to contribute to its eradication.

The Archbishop of the Church of Burundi made an urgent call to the authors of violence to turn away from it and encouraged the victims to denounce the authors and to entrust themselves to the care centers.

This gathering was also an opportunity to call on the people not to give up their arms against the fight against AIDS and that all people play a part in its eradication.

The post Burundi drive to combat violence against women appeared first on Anglican Ink © 2019.

Sudan repeals repressive “Public Order Laws”

Anglican Ink - Sat, 07/12/2019 - 18:02

CSW welcomes the repeal of Sudan’s repressive Public Order Laws, announced on 29 November, but remains concerned that the country’s Criminal Code has not been amended and can still be used.

On 29 November the Prime Minister of Sudan Abdalla Hamdok welcomed the abolition of the Public Order Law by the transitional government, paying tribute to “the women and youth of my country who have endured the atrocities that resulted from the implementation of this law.”

The repeal of the Public Order Laws has also been widely welcomed by human rights groups, and particularly by women’s rights groups. The laws were designed to regulate relations between men and women, including requirements for separate sections for men and women on public transport and the prohibition of dancing together. The laws also regulated the dress code for women in public.

However, the repealed public order laws were local laws implemented in each state. The national laws remain in effect through the 1991 Criminal Code, and it is under these laws that religious minority women have historically been arrested, fined and given lashes on public indecency charges. On 25 June 2015 twelve Christian women from the Nuba Mountains were arrested as they left the El Izba Baptist Church in Khartoum wearing trousers and skirts. Two of the women were subsequently found guilty of indecent or immoral dress and fined.

Sudanese women’s rights activist and journalist Wini Omar, who was prosecuted for indecent dress in 2017 under article 152 of the criminal code, told CSW: “When it comes to public order regime in Sudan, there is an urgent need to work on amending the Criminal Code, which includes numerous articles that discriminate against women and limit the personal freedoms of individuals. It also requires the abolition of public order courts and the public order police. Amending personal status law is a crucial step, and legislation on sexual harassment and domestic violence are also needed to protect women”

Sudan’s criminal code also contains provisions that limit personal freedoms and criminalise apostasy and blasphemy. In May 2014 Meriam Ibrahim was sentenced to 100 lashes for adultery, and to death by hanging for apostasy by the Public Order Court in El Haj Yousif, Khartoum. The court ruled that despite being raised by her Christian mother, Ms Ibrahim was a Muslim because her father was Muslim. The law also prohibits Muslim women from marrying a non-Muslim man, therefore by marrying a Christian she was deemed to have committed adultery. The court of appeal overturned the original ruling in June 2014 and declared Ms Ibrahim innocent, but the law under which she was convicted remains in effect. 

CSW’s Chief Executive Mervyn Thomas said: “While we welcome the repeal of Sudan’s repressive local Public Order Laws, which have been used historically to target women and have had a particularly deleterious effect on women from religious minority communities and lower socio-economic backgrounds, we remain concerned that no changes have been made to the criminal code. The criminal code contains numerous provisions that are inconsistent with Sudan’s international obligations to protect the rights of women, as well as the right to freedom of religion or belief. We urge the Minister of Justice to urgently prioritise the review and amendment of these damaging laws.”

The post Sudan repeals repressive “Public Order Laws” appeared first on Anglican Ink © 2019.

Archbishop of Cape Town gives update on the health of Desmond Tutu

Anglican Ink - Sat, 07/12/2019 - 17:56

(4 Dec 2019)

Dear Parishioners

Many of you will have heard that Archbishop Emeritus Desmond has been admitted to hospital for the treatment of what Mama Leah described as a stubborn infection. He has been hospitalised a number of times over the past few years for such infections.

I went to see him this evening, where I found him lucid and engaging. He said he is as good as he can be for an 88-year-old, especially in view of his ill-health in childhood.

When I told him that I had told Leah I was coming to scold him out of hospital, he chuckled warmly, which is a good sign. He also said he apologised for  making me do so many hospital visits!

Before leaving, we said the Lord’s Prayer together and I gave him a blessing.

Please pray for him, for Mama Leah, for Trevor, Thandi, Nontombi and Mpho and their familes, and for the doctors treating him.

God bless

++Thabo Cape Town

The post Archbishop of Cape Town gives update on the health of Desmond Tutu appeared first on Anglican Ink © 2019.

Islam has three political strategies — immigration, population and violence

Anglican Ink - Sat, 07/12/2019 - 17:52

There is a well-known doctrine in Islam called Taqiyya. It’s the principle that should some deceit further Islam’s interest, you have a duty to deceive. It looks tragically as though Usman Khan was pretending that had been de-radicalised, when in fact, as his killing spree indicated he hadn’t. But he had deceived a number of people on the way.

 If that’s true, it makes Jack Merritt’s death doubly tragic. His poor father, desperate to honour his dead son’s memory, asked the politicians not to use his son’s murder in their political campaigns as a political football. But, that wasn’t going to happen. It didn’t happen; it couldn’t happen.

 The facts of last week’s ‘terrorist’ murders in London are clear and beyond any kind of dispute. But their meaning divides our society just as grievously as Brexit, or the election campaign.

 We find that we have to make decisions about the programmes that offer the rehabilitation of offenders. We have to make judgments about human nature; and we have to decide if Islam is just one religion amongst many, or unique in how it sees itself and what it is setting out to achieve.

 The rehabilitation of offenders is the easiest and least offensive of the three questions. The work that Jack Merritt and his Cambridge colleagues set out to do was wholly admirable. Those of us who have met, befriended and even admired people who have fallen through the social net feel passionately about giving people a second chance. Everyone ought to be given a second chance. 

 But are there any limits? The very press that has been praising the work of the Cambridge rehabilitation programme and its reaching out to Muslim terrorists has gone strangely silent over James Ford.

 If you watched any of the video footage on social media,James Ford was the last man to be dragged off Usman Khan. Ford was incredibly brave. He too was an ex con. But some years ago, he had killed Amanda Champion, a vulnerable young woman with learning difficulties.

Now Ford seems to have disappeared from the public narrative. There is nothing romantic and no victimhood attaching to that kind of murder. But he too was part of the well intentioned rehabilitation programme. No one is now asking how his heart and mind have been changed by the programme. 

 If you believe in forgiveness and second chances, it includes murderers like James Ford. But there is a precondition for rehabilitation; you’ve got to want it. You have got to have come to a point where you are as broken-hearted and repulsed by the damage you have done and the misery you have caused as your victims are. It doesn’t just happen through educational programmes.

 That certainly applies to murderers; but does it apply to Islamists ? That might seem like an offensive question at first sight. But one of the reasons why Jack Merritt’s dad’s hope that politics could be kept out of his bereavement failed,  is that unlike any other religion, Islam is political. It is hybrid. It’s half a religion and half a political and military way of life. Most people in the West, knowing almost nothing about it, think of it as if it were an Arabic form of Judaism or Christianity. But it isn’t. 

 The Times last Tuesday carried a photo of Usman taken a few years ago carrying a banner “Islam will dominate the world.” That is a perfectly respectable Islamic view. For in Islamic thought the world is divided into two areas. Dar al-Islam,theworld of peace which is where Islam dominates and everyone lives according to Islamic values; and daral-harb,the territory of war, which is everywhere else that has not yet submitted to Islam, but will. Islam has three major strategies. Immigration, birth rates and violence.

 Because the West treats Islam as if it were only a system of piety, instead of being both a religion and a political way of life as ambitious for world domination as any other group who have set out to achieve it, be they Romans, Marxists or Nazis, we misunderstand Islam, and Usman Khan.

By imposing words like extremist, or terrorist or radical on Usman and his friends, or on Isis and its members, we deceive ourselves. You can’t de-radicalise a Muslim who is being faithful to Islam’s political and cultural ambitions, because he’s  not been radicalised in the first place. He might have been energised, or inspired or enthused,  but not ‘radicalised’. Isis is not ‘extremist’. It is behaving in a way that is faithful to Islamic values, theology and the example of Mohammed.

 A sudden glimmer of that realisation has presented itself to some of our politicians, but the implications of this are so problematic that the media and most people neither want to know, or be told. Because it exposes that what de-radicalisation and rehabilitation really mean, is persuading Umsan  and those who understand Islam as he does that they should prefer Western liberal secular values to core Islamic ones.  

 That’s a big ask. And how many of them are there? Gilles de Kerchove, the EU’s anti-terrorist coordinator estimates 25,000 in the UK alone of whom 3,000 are under daily surveillance by MI5 &6. If that’s true, where do we go from here?   

The post Islam has three political strategies — immigration, population and violence appeared first on Anglican Ink © 2019.

Easy-Money Policies Don't Solve the Problem of Idle Resources

Mises Institute - Sat, 07/12/2019 - 17:00

It is widely believed that resources that are utilized in normal times to promote economic prosperity become underutilized during recessions. Some experts hold that what is required are policies which will increase the availability of credit. On this Ludwig von Mises wrote in Human Action,

Here, they say, are plants and farms whose capacity to produce is either not used at all or not to its full extent. Here are piles of unsalable commodities and hosts of unemployed workers. But here are also masses of people who would be lucky if they only could satisfy their wants more amply. All that is lacking is credit. Additional credit would enable the entrepreneurs to resume or to expand production. The unemployed would find jobs again and could buy the products. This reasoning seems plausible. Nonetheless it is utterly wrong.

It makes sense to suggest that what is lacking to absorb idle resources is the scarcity of credit. One should however emphasize that the credit that is lacking is productive credit. Briefly, productive credit emerges when a wealth generator lends some of his real wealth to another wealth generator. By giving up the use of the loaned real wealth at present, the lender is compensated in terms of interest that the borrower agrees to pay.

As a rule, the greater the expansion in real wealth, the lower the interest rate that the lender is likely to agree to accept (i.e., his time preference is likely to decline).

Observe that the interest rate is just an indicator, as it were — it is not responsible for the expansion in real wealth. Any policy that tampers with interest rates makes it much harder for wealth generators to assess the true state of the productive credit. This in turn leads to the misallocation of productive credit and to the weakening in the wealth generation process.

As a result of distorted interest rates, an overproduction of some goods and the under production of other goods emerges.

Loose Monetary Policy Appears To Work Because of the Expanding Pool of Real Wealth

As long as the pool of real wealth is expanding, easy monetary policy will appear to “work.” Once, however, the pool becomes stagnant or starts declining, the “music stops” and no amount of central bank monetary pumping is going to “work.”

On the contrary, the more aggressive the central bank’s stance is in attempting to revive the economy the worse things are likely to get. The reason being because easy monetary policy strengthens the exchange of nothing for something thereby weakening the process of real wealth generation — the heart of economic growth.

One could argue that, irrespective of the reasons for the emergence of idle resources, the role of the central bank is to pursue policies that will make it possible for a greater use of these resources.

Loose monetary policy cannot replace real savings that are required to employ idle resources. Note that the central bank is not a real wealth generator, and hence does not have real savings to support real economic growth. (GDP growth has nothing to do with a genuine economic growth. Individuals in the various stages of production require goods and services to maintain their life and wellbeing, not pieces of paper we label as money).

Idle Resources Emerge from the Previous Boom

What those commentators who advocate easy monetary policies to absorb idle resources have overlooked is that as a rule, idle resources emerge on account of boom-bust policies of the central bank. As a result of the previous easy monetary stance, various non-productive or “bubble” activities have emerged. These activities depend on easy monetary policy for their existence, which diverts real wealth to them from wealth generators.Once the the bust takes hold, bubbles burst and more resources become idle.

There is only one sustainable solution to this. People would have to cut back on consumption and production which were not truly wealth-generating but were bubbles created out of easy-money policies.  It is quite possible that certain types of consumption and production would have to be abolished all together. This also implies that individuals that are employed in activities that generate products which are on the lowest priority list of consumers would have to adjust their conduct. This could be done by accepting lower salaries or by trying to be employed in activities that generate products, which are on the highest priority list of consumers. For this, they would have to alter their skills.

In the meantime, there will be many idle resources.

According to Mises,

Out of the collapse of the boom there is only one way back to a state of affairs in which progressive accumulation of capital safeguards a steady improvement of material well-being: new saving must accumulate the capital goods needed for a harmonious equipment of all branches of production with the capital required. One must provide the capital goods lacking in those branches which were unduly neglected in the boom. Wage rates must drop; people must restrict their consumption temporarily until the capital wasted by malinvestment is restored. Those who dislike these hardships of the readjustment period must abstain in time from credit expansion.

Furthermore says Mises,

If commodities cannot be sold and workers cannot find jobs, the reason can only be that the prices and wages asked are too high. He who wants to sell his inventories or his capacity to work must reduce his demand until he finds a buyer. Such is the law of the market. Such is the device by means of which the market directs every individual's activities into those lines in which they can best contribute to the satisfaction of the wants of the consumers.

Obviously, printing more money cannot fix the issue of idle resources. What is required is time to re-build the pool of real wealth, which was damaged by the previous easy monetary policies of the central bank. The reinvigorated pool of real wealth will make it possible to strengthen the pool of real savings, which in turn will make it possible to employ various idle resources.

The most important decision that authorities could make is to acknowledge the damage that the printing presses have caused and remove themselves from managing the so-called economy.

Categories: Current Affairs

A Theology of Christmas Presents (2)

Blog & Mablog - Sat, 07/12/2019 - 15:17

In the first message of this series, we considered that there are three basic kinds of gifts—the mandatory gift of the tithe, where God is teaching us how He runs the world, the free will gift of the offering, where the student demonstrates that he is beginning to grasp the lesson, and the celebratory gift, which God has placed deep within our nature.

So we already considered the ground of our giving, which is the ultimate gift of Christ, the gift that God gave to us in order to restore the world that we had ruined. We have now come to the second point, which is the nature of giving. In future messages, we will look at the nature of receiving, and the goodness of the material world.  

The Text

“And now, brethren, I commend you to God, and to the word of his grace, which is able to build you up, and to give you an inheritance among all them which are sanctified. I have coveted no man’s silver, or gold, or apparel. Yea, ye yourselves know, that these hands have ministered unto my necessities, and to them that were with me. I have shewed you all things, how that so labouring ye ought to support the weak, and to remember the words of the Lord Jesus, how he said, It is more blessed to give than to receive” (Acts 20:32–35).

Summary of the Text

Our text here is the conclusion of Paul’s exhortation to the elders of the church at Ephesus. He is reminding them that his dealings with that church were entirely aboveboard. He first commends them to God and the word of God’s grace, which can do two things. First the grace of God can edify them and build them up (v. 32). And second, the grace of God can give them an inheritance among the sanctified (v. 32). His interest is in them receiving their inheritance, and he moves seamlessly into the next point, which is that he had been no apostolic bandit among them. During his time there at Ephesus, Paul had coveted no man’s silver, or gold, or clothing (v. 33). He calls the elders of the church as witnesses—they know this (v. 34). Paul could hold out his hands and tell them that they know that “these hands” supplied the needs of Paul himself, along with his entourage (v. 34). They did not leech off the church. What Paul taught them to do Paul also did himself (v. 35), showing them how Christians ought to work in a way as to support the weak (v. 35). And Paul then quotes the Lord Jesus, and this is interesting, because it is a saying that none of the four gospels records. “It is more blessed to give than to receive.”

Both giving and receiving are most necessary, as we will see by next week, but if you have to choose between them, choose to be among those who give. It really is more blessed to give than to receive. But as we shall see, because of our finitude it is not possible simply to give.

So Not So Fast . . .

Now notice something here. The Lord Jesus did not say that it is “more proper to give than to receive.” He did not say that it is “more noble to give than to receive.” And He did not say that it is “more polite to give than to receive.” No, not at all. Jesus said that it is more blessed to give than to receive. But what is it to be blessed? It is to receive. There is no way to receive the blessing associated with not being a “receiver” except by receiving. A blessed man is a recipient of a blessing, given by another. In this case, the giving is done by God.

It is therefore more blessed to receive by giving than to receive by receiving. We are finite creatures and this means that some kind of receiving is inescapable.

Everything we give away is on loan to us from God, and when we give to Him, we are simply returning to Him what He has given to us. We are like little children buying our father a Christmas present at the dollar store, using a dollar that He gave us for the task.

The word for blessed (makarios) means to be happy, fortunate, enviable, one to whom God has extended His benefits. Another way of seeing this is to understand that for every finite creature, there is a built-in reciprocity for every act of generosity. Like one of Newton’s laws of motion for the spiritual realm. If we are creatures who want to live in the favor of God (which is to say, if we want to live in Christ), there is no escape from giving and receiving.

A System That Cannot be Gamed

So the thing that distinguishes an ungodly giver from a godly one is not the fact that they get from giving. The issue is what they want to get from their giving. When carnal men give anything (with their carnal eye on the carnal prize), they receive what they wanted and they already have their reward. So they already have their reward (Matt. 6:2), and it comes to pieces in their hands. “And he gave them their request; But sent leanness into their soul” (Psalm 106:15).

When spiritual men give anything (with their spiritual eye on the spiritual prize), God honors and blesses them. They refuse to do what they are doing in order to be seen by men (Matt. 6:1). But notice what happens if they sin in this matter, and are showboating for the grandstands. What do they lose? They lose their reward from our Father in heaven (Matt. 6:1).

Now when Paul gave to the Corinthians, he was jealous to protect that reward. “But I have used none of these things: neither have I written these things, that it should be so done unto me: for it were better for me to die, than that any man should make my glorying void” (1 Cor. 9:15).

Back Around to Christmas Presents

So bring this back to the matter of Christmas presents. That is what we are supposedly talking about, right? What is the difference between a carnal prize and a spiritual prize? To make matters really confusing, sometimes the prize itself can appear to be identical. You shopped long and hard to find that “perfect gift” for your father, and the difference between joy at Christmas and misery in Christmas is to be found in that dark little ego-center of your heart. Compare: “That is just what he wanted—God must be rejoicing to see my father rejoicing” over against “That is just what he wanted—I’m glad I found it before my sister did.”

The Joy Set Before Him

Jesus endured the agonies of His trial and crucifixion because He knew what was in store for Him on the other side of the agony.

“Wherefore seeing we also are compassed about with so great a cloud of witnesses, let us lay aside every weight, and the sin which doth so easily beset us, and let us run with patience the race that is set before us, Looking unto Jesus the author and finisher of our faith; who for the joy that was set before him endured the cross, despising the shame, and is set down at the right hand of the throne of God. For consider him that endured such contradiction of sinners against himself, lest ye be wearied and faint in your minds” (Heb. 12:1–3).

And we are told, in all our trials, all our striving, all our struggles, all our pilgrimage, all our shopping, to imitate Him in this. We are to look to Jesus, considering His behavior, as we look to modify our own behavior. Otherwise, we are going to grow weary and faint in our minds. We are going to grow weary and faint in our giving, and this applies to giving of whatever magnitude. Do you think anybody grows weary and faint in the Christmas rush, forgetting the whole point?

So everything is to be cruciform—but not a crucifix. And the difference between the two is this. Every cross is a cross in a story, and every Christian story has the blessedness of joy at the end of it. In all your giving, try to give like Jesus did. But also, in all your giving, repent of the folly of trying to be more spiritual than Jesus. He did not remain on the cross because the joy was before Him. We are not supposed to seek to remain there either. We must not try to evade the cross, and we must not try to perpetuate the cross. The story is a cruciform story, not a crucifix story.

And Christ is the one who shows us.

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Categories: People I don't know

How California's Government Plans to Make Wildfires Even Worse

Mises Institute - Sat, 07/12/2019 - 15:00

Not every square inch of the planet earth is suitable for a housing development. Flood plains are not great places to build homes. A grove of trees adjacent to a tinder-dry national forest is not ideal for a dream home. And California's chaparral ecosystems are risky places for neighborhoods.

This is nothing new. While people many Americans who live back East may imagine that something must be deeply wrong when they hear about fires out West, the fact is things are different in North America west of the hundredth meridian. The West is more prone to extreme temperatures, hundred-year droughts, and fires in the wilderness. Many of these ecosystems evolved with this fire risk. 

Efforts to blame them primarily on climate change ignore the long standing reality. The Sacramento Bee notes, for example:

It’s also not enough to blame the growing devastation of recent wildfires solely on climate change, researchers said. While drier, warmer conditions have lengthened the fire season and likely increased the severity of the blazes, wildfires are only destroying more homes today than decades before because of rapid growth in rural areas.

It's not that fires are more devastating in the natural sense. The problem is that human beings insist on putting their property in places where fires have long destroyed the landscape, over and over again.

The Bee continues:

[T]he fires aren’t getting closer to us — we’re getting closer to the fires. “We’re seeing wildfires that have always been a part of the landscape that are now interacting more and more with us..."

Strader studied wildfire history in the western United States going back three decades, then mapped population growth in areas where fire activity had ranged from medium to very high. His research determined there were 600,000 homes in fire prone areas in the West in 1940. Today, that number is around 7 million.

So, why do people keep building homes in these places? Part of it is natural populations growth, of course. But the manner and rapidity with which this development expands out into the fringes of metro areas is also partly due to government policy and infrastructure. 

In an unhampered market, it would be very expensive to extend a new neighborhood out into ever-further-out regions near metro areas. In order to reach these places, housing developers would need to find a way to finance both the new housing construction and the roads that give access to them. Certainly, developers often provide part of the funding through development fees demanded by governments. But these roads are often also subsidized by state and local governments, especially in the form of ongoing maintenance. Once a road to a new semi-rural community is built, governments will often maintain it, while spreading the cost across all the jurisdiction's taxpayers.

This system of subsidy allows more rapid and more dispersed development. Unsubsidized roads would tend to force more close-in and more dense development.

The federal development also subsidizes the construction of larger and more sprawling residential property through the FHA insurance programs and government-sponsored enterprises like Fannie Mae. By purchasing home loans on the secondary market, the GSEs push more liquidity into the home loan market, making loans cheaper, and pushing up demand for larger, sprawling developments.

Many conservatives often speak of density in residential and commercial development as if it were some kind of left-wing conspiracy. It is assumed that few people who opt for density were there not left-wing urban planners to force it on everyone.

But the reality is that in an unhampered market, density levels would be higher than they are now, because sprawl would be (all else remaining equal) much more costly to consumers than is now the case.

Naturally, many left-wing advocates favor changing California's housing development patterns in light of the fire risk. But they can only point toward more restrictive government regulations. The Los Angeles Times editorial board, for example, complains that "Land-use decisions are made by local elected officials and they’ve proven themselves unwilling to say no to dangerous sprawl development ..."

But government prohibitions simply aren't necessary. If people insist on building and selling homes in fire-prone areas, let them be the ones to cover all the costs. This includes the cost of fire mitigation and rebuilding after fire. This in itself would limit development in these areas.

And yet, while California pundits are complaining that policymakers aren't doing enough, California politicians are actively taking steps to keep the market from correcting the excessive building in fire-prone areas.

This week, California regulators prohibited insurance companies from dropping the homeowners' insurance policies of homeowners in fire prone areas:

The state said its moratorium applies to about 800,000 homes, and more areas are expected to be added.

A state law passed last year allows the California Department of Insurance to require insurers to renew residential policies for one year in ZIP Codes that have been affected by declared wildfire disasters.

Previously, insurers had to renew policies for homeowners who suffered a total loss. The current law extends to all policyholders in an affected area, regardless of whether they experienced a loss.

Not surprisingly, many homeowners in fire-prone areas of the state are having problems finding fire insurance for their homes. And they often pay handsomely when they do find it. That's too bad for the owners this fact doesn't justify handing down state mandates that insurance companies continue to cover people who have taken on unacceptably high risk.

By stepping in to force insurance companies to cover these homeowners, California politicians are doing two things:

They're continuing the cycle of encouraging homebuyers to buy homes in areas likely to fall victim to wildfires. At the same time, regulators are increasing the costs incurred by insurance companies, and this will likely have the effect of driving up the price of fire insurance for homeowners who more prudently declined to purchase a house in fire-prone areas.1

At the macro level, the end result will be something akin to what we've seen in flood-prone areas in the United States. Thanks to federal regulations and subsidies, many property owners can avail themselves of flood insurance priced well below what would be available in an unhampered market. Legislation such as the National Flood Insurance Act of 1968 means builders and homeowners have been encouraged to place property where they're likely to be flooded over and over again.

We're now seeing a similar type of moral hazard at work in California.

In a more sane political environment, however, those who insist on living in the way of wildfires would have to assume the risk of doing so, rather than demanding politicians force the cost on insurance companies and taxpayers.

  • 1. Fire insurance is often more expensive in rural and semi-rural areas not just as a function of fire risk. These areas often lack water infrastructure other than wells, which means no fire hydrants. Water for fire suppression can only be used if transported by truck to the site.
Categories: Current Affairs

A day that will live in infamy

Adam Smith Institute - Sat, 07/12/2019 - 12:01

One day after the Japanese attack on the US Pacific fleet at Pearl Harbour on December 7th, 1941, President Roosevelt made a speech to Congress describing it as “a date which will live in infamy.” History has usually shortened and corrected “a date which” to “a day that,” and often abbreviated it simply to “Day of Infamy.”

The Japanese attack was made without a declaration of war against a country at peace that had hitherto refrained from entering the Second World War, already raging in Europe and elsewhere. Japanese diplomats in Washington DC were pretending to talk peace even as its carrier fleet sailed towards its target in the Hawaiian Islands.

The unprovoked nature of the peacetime attack, compounded by the duplicity of the Japanese, outraged American opinion. Congress declared war immediately after the President’s speech, and Americans rushed to enlist in the armed forces. Roosevelt had long been trying to edge US public opinion towards what he saw as an inevitable war with Nazi Germany. He had been unsuccessful, but now Hitler solved the problem by declaring war on the United States four days after the Japanese attack. His action enabled Roosevelt to make Europe the main theatre of US action, even though it had been attacked in the Pacific by Japan.

The Japanese people had been brainwashed by a ruthless and racist ideology that regarded other races as lower forms of humanity, just as their Nazi counterparts in Germany had idealized the ‘superior’ Aryan race. Japan thought it could win a short war against the US by a preemptive strike against its ability to hit back. They needed overseas possessions to provide raw materials and slave labour for their imperial ambitions.

While the Japanese attack sank or severely damaged US battleships, cruisers and destroyers, the US aircraft carriers had left port days earlier and were not hit. This was a serious blow because naval warfare was on the cusp of a change from direct ship-to-ship engagements to attacks from long range by carrier aircraft. The Japanese attack therefore failed to establish their command of the Pacific waters.

When the US hit Tokyo with B25 Mitchell bombers flown from the USS Hornet, Japan sought to establish a protective shield by taking Midway Island. US Navy codebreakers uncovered the plan and enabled the Japanese task force to be attacked by US carriers lying in wait. Four of the carriers that had carried out the Pearl Harbour attack were destroyed, and hundreds of their most skilled and experienced pilots were killed. This took place only 6 months after their Pearl Harbour attack.

A fatal weakness of the Japanese was their neglect of defence. It was part of their ideology that they would attack. Their Zero fighter was a superb machine, fast and agile, but it lacked any protective armour or fuel tank baffles, and a single hit could turn it into a fireball. Their carriers, unlike the US ones, lacked effective fire control systems. Their fuel hoses did not shut down during a battle, and torpedoes and bombs were scattered across the decks instead of safely stowed. The result was that when a bomb struck, the Japanese carriers became exploding and raging infernos.

The lessons of Pearl Harbour lasted throughout the Cold War, in that the West was determined that no surprise attack should destroy its ability to retaliate. Aircraft sat fueled up on runways, with some already airborne. Ballistic missile submarines patrolled the oceans, with reconnaissance planes and later satellites watching for any signs of a surprise attack. It was fraught with danger, but it kept the peace. That December day in 1941 had taught vigilance, and the lesson lasted.

Categories: Current Affairs

Why this Boom Could Keep Going Well Beyond 2019

Mises Institute - Sat, 07/12/2019 - 12:00

The Austrian business cycle theory offers a sound explanation of what happens with the economy if and when the central banks, in close cooperation with commercial banks, create new money balances through credit expansion. Said credit expansion causes the market interest rate to drop below its "natural level," tempting people to save less and consume more. Credit expansion also drives firms to increase investment spending. The economy enters into a boom phase.

However, the boom is unsustainable. After the effect of the injection of new money balances has worked itself through the economy, consumers and entrepreneurs realize that the economic expansion has been a one-off affair. They return to their previously preferred savings-consumption-investment affinity: once again, they save more, consume, and invest less. This manifests itself in a rising market interest rate and the boom subsequently turns into bust.

Credit Market Distortion

The market interest rate plays a crucial role in the boom and bust cycle. As it is manipulated downwards by the central bank, a boom sets off, and as the market interest returns to its "natural level," the boom turns into bust. This explains why central banks have been increasingly trying to gain full control over the market interest rate in recent years: for he who controls the market interest rate controls the boom and bust cycle.

The major central banks around the world have effectively taken over the credit markets in an attempt to prevent the current boom from turning into yet another bust. On the one hand, monetary authorities fix the short-term market interest rate in the interbank funding market. By doing so, they also exert a rather strong influence on credit rates across all maturities.

On the other hand, central banks influence long-term interest rates directly: They purchase long-term bonds, thereby determining their price and yield. The credit market ‘government securities’ can be expected to already be under full control of monetary policymakers; and it is just a technicality for any central bank to extend its purchases if needed to bank and corporate debentures and mortgage debt.

Keeping the Boom Going

If and when central banks succeed in keeping market interest rates at very low levels, the "correction mechanism" — namely a rise in market interest rates — is put to rest, and the boom can be kept going, while the bust is postponed. Basically, all major central banks around the world have taken recourse to policies controlling market interest rates, and quite effectively so as the economic expansion — fueled by overconsumption and malinvestment — in the last decade testifies.

The question is, however, whether the boom can last indefinitely, whether the economies can flourish with chronically artificially suppressed interest rates? This is a rather complicated question, deserving of an elaborate answer. To start with, the boom can be kept going as long as market interest rates remain suppressed below the economy’s "natural interest rate."

If however, the market interest rate hits zero, things take a nasty turn, as people would stop saving and investing. Why save and invest, why take any risks that do not yield a positive return? In fact, with the market interest rate hitting zero, capital consumption sets in, the division of labor collapses. A nightmare scenario: If the market interest rate disappears, we will fall back into a primitive hand-to-month economy.

Causing Price Bubbles

Against this backdrop, we may say the following: As long as there is still room for pushing the market interest rate down further, the chances are reasonably good that the boom continues, and that the bust will be adjourned into the future. As per the charts below, current market interest rates in the US have not reached rock bottom yet. Corporate and mortgage credit costs in particular still have some way to go before hitting zero.


Meanwhile, the forced depression of market interest rates drives up asset prices such as, for instance, stocks for at least two reasons. First, expected future profits are discounted at a lower interest rate, thereby increasing their present value and thus market price. Second, lower interest rates reduce firms’ cost of debt, translating into higher profits — which also contributes to higher stock prices in the market place.

It should therefore not come as a surprise that the decline in market interest rates in recent years has indeed been accompanied by buoyant stock prices — as illustrated in the chart above. Just to point out one thing again: The decline in market interest rates is only one factor among many others which explain why stock prices have gone up in recent years. But it is a significant factor, and it contributes to the build-up of a price bubble.

Wiping Out Investment Returns

As long as the boom keeps going, people rejoice — especially so when asset returns remain buoyant — and they do not question the underlying forces driving the "make-believe world of prosperity." However, a monetary policy of ever-lower interest rates can only go so far. For if central banks push their key interest rate and government bond yields to zero, they basically drag down all other investment returns with them.

This is because investors, in a desperate search for yields, would bid up the prices for assets such as, say, stocks, land, and real estate. As the purchase price of these assets rises relative to their "intrinsic" value, future investment returns diminish and in the extreme case converge towards the central bank’s zero interest rate.1 At least, in theory, a central bank nailing down its key interest rate at zero would also drive investment returns of existing assets towards zero.

However, the division of labor would already start unraveling at a market interest rate of slightly higher than zero. The reason is that acting man — be it as a consumer or an entrepreneur — has a time preference that is always and everywhere positive, and so is its manifestation, the originary interest rate (or "natural interest rate"). The originary interest rate is always and everywhere positive, it cannot fall to zero, let alone become negative.

A Helping Hand from Above?

Since central banks have established a rather firm grip on market interest rates, the chances are that the ongoing boom will continue — and it may well continue for much longer than most market observers expect at the current juncture. However, there should be little doubt that the longer the boom keeps going, the bigger the distortions in the economic and financial market system will become.

This, in turn, suggests that the severity of the crisis that must be expected to unfold at some point in the future — at the latest when all market interest rates have been pushed onto the zero line and investment returns have become negligible — is driven to ever-higher levels. This is something we do know from the Austrian Business Cycle Theory. But it is certainly not enough to come up with a reliable forecast.

It goes beyond the science of economics to come up with quantitative forecasts. What economics can do, however, is pointing out and making intelligible the conditions under which today’s economic and financial systems work; in particular that market interest rate manipulation through central banks causes damages on a grand scale and will end badly — something that may only be prevented by a helping hand from above.

  • 1. Value is subjective, but by "intrinsic value," I mean value based on demand that would have existed in the absence of extreme interventions by central banks.
Categories: Current Affairs

The ONS wealth inequality figures don't show what people think they do

Adam Smith Institute - Sat, 07/12/2019 - 07:01

The Office for National Statistics has released the latest wealth figures for the UK. About which The Guardian says:

Britain’s total wealth grew by 13% in the two years to 2018 to reach a record £14.6tn, with wealth among the richest 10% of households increasing almost four times faster than those of the poorest 10%.

A study by the Office for National Statistics (ONS) also found that the poorest 10% of households had debts three times greater than their assets compared with the richest 10% who amassed a wealth pile 35 times larger than their total debts.

The figures highlight the growing divide between those at the top of the wealth ladder, many of whom have retained their pension rights, property values and invested their savings since the 2008 financial crash, while those on low incomes live in rented accommodation with meagre pension entitlements and rising debts

This is not quite so. The ONS is producing figures which show the market wealth figures. Which isn’t the thing we’re interested in even if we are one of those who worry about inequality. What we actually want to know is what is the wealth distribution after all the things we do to change it?

When we measure income inequality we study the numbers after the impact of taxes and benefits - what inequality is there left after the welfare state that is. If we were to run around shouting about the pure market distribution of incomes we’d be looked at as the idiot ginger stepchild of the conversation.

With the wealth distribution though we don’t measure the effects of what we do to change it. For example, only fully funded pensions count - the fact that everyone gets either a state pension of the pension guarantee is not included. With housing, it is only equity in private sector housing which counts - the capital value of a below market rent tenancy is ignored. Private wealth which might be used to pay school fees is measured - that any and every child gains some £5,000 a year’s worth of state education is ignored. Private money to pay for health care is counted, the capital value to the citizen of free health care through the NHS is ignored.

Wealth inequality is wrongly measured for we don’t include the effects of all that is currently done to reduce it. Therefore we’re never going to gain any useful guidance about what should be done next by perusing these figures. After all, the thing we’re trying to work out is, well, what should we be doing next? Something that does require looking at the effects of what we’ve already done.

Categories: Current Affairs

Two Sides

Blog & Mablog - Sat, 07/12/2019 - 02:05

“If we are to be true to what the Bible says about itself, we must recognize both the human and the divine authorship. Yet we must not allow either the divine or the human factor to take away from the other. Divine inspiration did not override the human authorship. Human authorship did not override the divine inspiration. The Bible is equally God’s words and human words.”

Stott, The Challenge of Preaching, p. 16

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Categories: People I don't know

A Big Part, Actually

Blog & Mablog - Sat, 07/12/2019 - 02:00

“’MPD, Bradford,’ came an authoritative voice. It was the voice of God’s minister of wrath, the avenging angel, coming to strike down all the firstborn. Johnny was firstborn, which was part of his problem, but pursuit of those issues would take us too far afield.”

Evangellyfish, p. 97

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Categories: People I don't know

St John’s College Nottingham to close

Anglican Ink - Sat, 07/12/2019 - 00:55

At a meeting of the Council of St John’s Nottingham on 11 November 2019, future options were prayerfully considered and it was agreed that the operation of the current configuration of St John’s is no longer financially viable in the long term. St John’s will therefore begin the process of closure now.  However, several significant aspects of St John’s ministry will continue through partner institutions.

The Midlands Institute for Children Youth and Mission announced recently that it will move to Leicester and merge with iCYM that its vital work will continue in this new location and serve the national church. The specialist Library resources (around 10,000 books) will also be gifted to iCYM in Leicester. Plans are well advanced – look out for further news and come along to one of the open days in Leicester .

St John’s is now able to announce that it is in negotiation with The Queen’s Foundation, Birmingham to take over its Extension Studies department which offers Distance Learning courses and Degrees validated by the University of Durham. Discussions are well advanced and final arrangements will be announced when they have all been completed and agreed with the University and Queen’s.  St John’s Council has every confidence that Queen’s will support and develop the current provision professionally. All other key partners are fully informed of this development and work is in hand to ensure that the transition progresses smoothly. St John’s is impressed at the warmth and care with which negotiations with Queen’s have progressed. Current students and staff have been informed of this, and are assured that their courses will continue until they have completed them. It is hoped that the Timeline on-line learning materials will continue to be developed from this new home.

Discussions with the Diocese of Southwell and Nottingham and with St Mellitus College, East Midlands are well advanced to ensure that the St John’s Library has a new home in Nottingham and the hope is that it remains a regional resource. A further announcement will be made in due course.

St John’s will hold a closing service in Bramcote to which former students, friends and supporters of the college, will be invited during the summer of 2020 to mark the end of 150 years of commitment to training and preparation for Christian Ministry, and to pray for the ongoing work in these new locations.  Further details will be announced in due course.

Commenting on the announcement, Chair of St John’s College Council Chris Smith said: “Generosity has always been a core value of St John’s College and in this spirit we are pleased to share the wealth of knowledge and resources we have created for the benefit of the Christian community, and honour the work of our past students and staff who have worked hard to deliver on our mission.”

St John’s Nottingham is thankful to have pioneered the delivery of distance learning training and we believe this next chapter will continue the pioneering spirit ensuring continued delivery of Christian training and learning which responds to the economic and social climate we now operate within.  We are pleased to have found new homes for St John’s ministries, with Christian partners who share our passion for accessible and applied learning for the whole people of God.

David Hewlett, Principal of the Queen’s Foundation, said: “we are glad to be able to continue the vital work of making theological education as widely accessible as possible through distance and online learning.  We share St John’s pioneering spirit and are grateful that the St John’s Trustees have seen fit to find a new home for this work in Queen’s.”

Implementation of our transition plan will now begin as we prepare for the closure of our Bramcote site in Summer 2020, but it is our intention to pass on St John’s mission to our new host partners in a strong position in order to ensure continued delivery of Christian educational training.  Therefore, we are keen to engage with the Christian community to ensure that our student, staff, Association, alumni and host partners have continued confidence in the work which will be continued in their new homes in 2020.

Chris Smith, Chair

on behalf of St John’s Council

2 December 2019

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Lessons learnt review concerning Jonathan Fletcher and Emmanuel Church Wimbledon underway

Anglican Ink - Sat, 07/12/2019 - 00:11

Thirtyone:eight has been commissioned by Emmanuel Church, Wimbledon to undertake an independent lessons learnt review concerning Jonathan Fletcher and Emmanuel Church to start immediately. The review will take place over the next six months, with a report of the findings to be published by May 2020.

Focusing on the activities of Jonathan Fletcher while he was minister of Emmanuel, we have been commissioned to undertake a robust and comprehensive exploration of both good practice and failings in culture and safeguarding practice at Emmanuel Church Wimbledon from 1982 to the present. The review will enable the voices of those impacted by the behaviour of Jonathan Fletcher to be expressed, heard and considered alongside other contextual information and concerns from other relevant sources. The draft scope for the review can be viewed here.

The review process will be entirely independent, and measures are being put in place to achieve this, including the establishment of an Independent Advisory Group. The group will consist of up to six individuals, with a representation of victims/survivors. Thirtyone:eight invite any individuals interested in participating in the Independent Advisory Group to express their interest by 20th December. Further details are available here.

The names of Independent Advisory Group participants will be kept confidential and will not be known by Emmanuel Church Wimbledon until the publication of the report. The group will oversee the work of the review and will be chaired by Justin Humphreys (Chief Executive (Safeguarding) at thirtyone:eight). The review itself will be led by Dr Lisa Oakley. Once the Independent Advisory Group is formed, it’s first task will be to review, shape and finalise the detailed scope with the review team, ensuring that all legitimate perspectives and appropriate lines of enquiry have been considered. The Independent Advisory Group will then meet at agreed intervals throughout the process of the review, with the overall purpose of guiding its work, acting as a point of reference and scrutiny, and ensuring complete independence. 

Once the scope has been finalised, the fieldwork for the review will commence.  A proposed timeframe for the different stages of the review can be found here.

In the meantime anyone, including victims/survivors, who wishes to participate in the review or who wishes to pass on information to thirtyone:eight can do so confidentially by using the contact us link which can be found here or by emailing Thirtyone:eight and Emmanuel Church Wimbledon take data privacy and confidentiality very seriously.  Identities of confirmed participants will be known only by the reviewers and the Independent Advisory Group. No victim/survivor identifiable details will be passed between Emmanuel Church and thirtyone:eight without prior consent from those individuals. 

Thirtyone:eight continue to operate an independent helpline for victims/survivors of abuse. If you have been affected by matters related to Jonathan Fletcher and you would like to speak to someone independent about this you can contact the thirtyone:eight helpline on 0303 003 1111. Please quote ‘2019’ to identify that your call relates to Jonathan Fletcher. Information you share with the helpline will not be shared with others, including the independent review team, unless you consent to that or action needs to be taken to protect you or others (in adherence to standard safeguarding practice and protocol).

The post Lessons learnt review concerning Jonathan Fletcher and Emmanuel Church Wimbledon underway appeared first on Anglican Ink © 2019.


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