October notes

Here’s the big picture, from the Jersualem Post: “…at the time of Lebanese independence from France in 1946 the majority of Lebanese were Christians. Today less than 30% of Lebanese are Christians. In Turkey, the Christian population has dwindled from 2 million at the end of World War I to less than 100,000 today. In Syria, at the time of independence Christians made up nearly half of the population. Today 4% of Syrians are Christian. In Jordan half a century ago 18% of the population was Christian. Today 2% of Jordanians are Christian.”

Please continue to pray for our brothers and sisters in that troubled part of the world.

1. Unemployment is at the highest level since the Great Depression (with the exception of a brief blip in the early 1980s).

2. At the same time, corporate profits are at an all-time high, both in absolute dollars and as a share of the economy.

3. Wages as a percent of the economy are at an all-time low. In other words, corporate profits are at an all-time high, in part, because corporations are paying less of their revenue to employees than they ever have. . . .

4. Income and wealth inequality in the US economy is near an all-time high: The owners of the country’s assets (capital) are winning, everyone else (labor) is losing.

Whose fault is this? That’s where the disagreements come in.