So Bloomberg talked to some rich Wall Street types
about dealing with the impact of reduced bonuses. All populist
eye-rolling aside, I think this quote from Michael Sonnenfeldt--founder
of Tiger 21, a "peer-to-peer learning group for high-net-worth investors"--actually makes some sense:
Sonnenfeldt said [Tiger 21] members, most with a net worth of at
least $10 million, have been forced to “re-examine lots of
assumptions about how grand their life would be.”
While they aren’t asking for sympathy, “at their level, in
a different way but in the same way, the rug got pulled out,”
said Sonnenfeldt, 56. “For many people of wealth, they’ve had a
crushing setback as well.”
Sure--you don't have to be destitute to experience the disappointment of unmet financial expectations.
Attention mainline Protestants: a conservative Christian candidate for president would like to point out that your institutions are in decline, and that he doesn't mind because you're not Christian enough, anyway. Take that!
weekend, ESPN fired an editor who posted
a racially offensive
headline about NBA player Jeremy Lin; the
network also suspended an anchor who used the same term. And taking the Lin
coverage as a starting point, SNL produced a parody mocking a media double standard: stereotypes about Asian
Americans are acceptable, but stereotypes about African Americans are
Lin media storm exposes the myth of a colorblind society. As much as we want to
believe in meritocracy, equality and individuality, we rely on racial
assumptions to make sense of the world and those around us. In many cases, the
assumptions carry real consequences.
About 15 years
ago I was a guest at the annual meeting of theAssociation of Christians Teaching Sociology. In one session a professor reported on a
student's project. Taking the Century as a barometer of mainline Protestantism and Christianity Today as a barometer of evangelicalism, his student
compared the respective responses to the civil rights movement. The student
found that the Century was very hospitable toward the movement and that CT was critical of
it. (Full disclosure: At the time of this ACTS meeting, I was working for
Since ACTS is comprised
largely of evangelical scholars, there was some hanging of heads in the room.
Evangelicals, they agreed, had been on the wrong side of history, not to speak
of the wrong side of justice.
Conditions inside poultry processing plants are grim and dangerous, according to a study released by Oxfam America. Workers are denied bathroom breaks, forcing some to wear diapers as they keep up with processing about 45 birds per minute. The workplace conditions are especially challenging for menstruating and pregnant women. The environment is frigid to keep the chickens cool. Floors splattered with water, blood, and fat are slippery. Many of the workers interviewed complained about sexual and racial discrimination. Conditions in unionized plants are better, but only about one-third are unionized. Four industry giants—Tyson, Perdue, Pil