By Fr. Fred Kammer, SJ
The stock market is soaring to set new records. CEOs are taking home bundles of cash, stock options, and rich severance packages. Wall Street is handing out million dollar bonuses again. Congress and state legislatures seem to find no tax cut unpalatable. And big tech firms like Apple acquire smaller ones like Tumblr for a billion dollars. What is the matter with this rosy picture? Unemployment. more>>
By Fred Kammer, SJ
Poverty is one of the three focus areas for the work of JSRI. In their 1986 book-length pastoral letter Economic Justice for All the US Bishops reminded us of the importance of confronting poverty in these words: "Dealing with poverty is not a luxury to which our nation can attend when it finds the time and resources. Rather, it is a moral imperative of the highest priority."
But what does it mean to speak of poverty in the United States? Drawing on the tradition of Catholic Social Teaching, the bishops explained it this way, “By poverty, we are referring here to the lack of sufficient material resources required for a decent life.” Then, in the next sentence, they acknowledge the complexity of the question, “We use the government’s definition of poverty, although we recognize its limits.” And a footnote introduces elements of the national debate about what we call “the poverty line.” [Continue on to MORE about measuring poverty and poverty in the Gulf South.]
The Payday Shark in Your Bank Account -- Mikulich
Catholicism and Capitalism -- Kammer