Law students at Harvard, working for the Harvard Legal Aid Bureau, are offering their services gratis to Bostonians whose houses are being foreclosed. Working with them are Project No One Leaves, a consortium of lawyers and activists, and Boston Community Capital (BCC), a community financial development organization. BCC buys up distressed properties and then sells them back to the original owners at a price just above current market value. Law professor David Grossman, who has a degree from Harvard Divinity School, heads up the Legal Aid Bureau. He says that his efforts at fighting foreclosures stem from a key principle of Jewish ethics—tikkun olam, which refers to the obligation to "repair the world" (Nation, June 15).
Billions upon billions
Aug 04, 2011
Scott Russell Sanders asks you to imagine how you'd spend a billion dollars if you kept it under your mattress and didn't earn any interest. If you lived 50 years, you could spend $1.7 million per month or $55,000 per day. If you invested that money instead in U.S. Treasury bonds, at current rates you could spend $110,000 every day without touching the principal. That daily amount is a little more than twice the median annual household income in the U.S. So why do some billionaires want even more? It isn't the money, says Sanders, it's the power they gain through the money (Orion, July/August).
Wages are sin
Aug 03, 2011
In the 1970s Kenneth J. Douglas was CEO of Dean Foods, a leading U.S. dairy company. He earned what would be $1 million a year in today's economy and lived well but not ostentatiously. Numerous times he turned down pay raises because he thought they were bad for the morale of the company's workers. Today his successor earns ten times as much in compensation and lives an opulent life. Meanwhile, workers' wages at the company have been sliding. Some analysts observe that the social norms that discouraged big executive wages in the 1970s have changed. Now greed is considered good, and the people at the top believe they deserve what they make. When it comes to wage inequality, the U.S. ranks alongside developing countries—ahead of Uganda and Jamaica but behind Cameroon and the Ivory Coast (Washington Post, June 18).
Peace of the city
Aug 02, 2011
Iraq's first new church since the 2003 U.S.-led invasion opened in a poor Christian neighborhood of the northern city of Kirkuk last month. The inauguration of Mar Bulos (Saint Paul's) Church in the multiethnic and multireligious city comes despite the sharp fall in the number of Christians in Iraq because of attacks and threats by al-Qaeda. The new church serves a community of about 200 Christian families who fled to Kirkuk and nearby regions from other parts of the country. In a symbolic gesture of solidarity with the Christian community, the Muslim imam of Kirkuk recited a prayer before the congregation of about 300, asking God for peace and security for Kirkuk and the rest of Iraq (AFP).
Text or talk?
Aug 01, 2011
On average Americans spend 2.7 hours each day on their mobile phones. Nearly half that time is spent socializing. Women aged 35 to 54 are the most active socializers with mobile devices (National Catholic Register, July 10).