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Archive for May 22nd, 2013

Prayers, Please

My two littlest and I spent most of yesterday at Summa Hospital in Akron. My bride, Michelle, Is expecting in August and had been admitted to stabilize her blood sugar; she has developed diabetes and they need to find a regimen that will keep her symptoms manageable.  She was supposed to only be in the hospital for 24 hours, but when I talked to her this morning she reports that they have not been successful and she may be in longer.

I have taken off work -thank God for paid sick leave, fruit of the sacrifices of organized Labor- and have the rare occasion to try and keep on top of the household, which always makes me appreciate all Michelle does. This would have been infinitely more difficult were it not for the fact that our two year old, Will, is such a good-natured little man; all this and a fussy kid would be harrowing.

Pray that the doctors are able to stabilize my bride’s diabetes, that she have a smooth delivery with a healthy baby, and that she – and I – are able to endure whatever ordeal may come.

Thanks. (And if blog posts are rare or nonexistent in the near future, you know why)…

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When Profit is Evil

11rich” Catholic social doctrine is not a surrogate for capitalism. In fact, although decisively condemning ‘socialism,’ the church, since Leo XIII’s Rerum Novarum, has always distanced itself from capitalistic ideology, holding it responsible for grave social injustices (cf. Rerum Novarum)”- Blessed John Paul II.

While wages stagnate and poverty increases, corporate profits soar. On the “upside down economy”,  from The American Prospect:

“…profits are increasing because corporations are getting by with fewer workers than they employed before the crash of 2008, and they’re paying those workers less. Wages and compensation (that is, wages plus benefits) now make up the smallest shares of GDP that they have in 50 years, and their decline has proceeded without interruption since 2001. According to a report from JP Morgan Chase’s Chief Investment Office, two-thirds of the increase in corporate profits between the end of the dot-com bust and the collapse of 2008 is directly attributable to the decline in the wages they paid their employees. As the share going to profits has continued to increase since that report appeared, and the share going to wages has kept on decreasing, the centrality of wage suppression to profit maximization has continued to grow.”

Read it all here.

 

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