“From everyone who has been given much, much will be demanded; and from the one who has been entrusted with much, much more will be asked” (Luke 12:48 NIV). When Bank of America Philanthropic Management noticed that “the wealthiest 3% of American households responsible for nearly two-thirds of charitable giving,” it decided to study philanthropic giving. (The top 5% paid 54.4% of taxes in 2003.) Passed on by Don’t Tell the Donor, “Bank of America today released the initial results...

The Vatican’s Congregation for the Clergy will be holding a theological conference on the subject of “Economy: Love of God, Production, and the Free Market.” Taking place tomorrow (Tuesday), you can either follow it live or read the proceedings later at the dicastery’s web site. ...

Otto Reich at NRO claims that Cuban tyrant Fidel Castro is dead, or soon will be. That has been suspected for some time, but Reich says that funeral arrangements are now definitely in the works. Cuban authorities are evidently modeling the funeral on that of Pope John Paul II, parison that Reich teases out in the rest of the article. One is inclined to say that the ing grandiose tributes to Castro are risible, but it is hard to laugh...

In awarding the Peace Prize to Muhammad Yunus and the Grameen Bank, the Nobel Committee has focused the world’s attention on the power of “bottom up” economic development. Jennifer Roback Morse reminds us that “the micro-credit movement has helped many of the poor e less poor, and to lift themselves, their families, and their neighbors out of abject poverty.” Dr. Morse reflects on Yunus’ background as an economics professor, educated at Vanderbilt, teaching in Bangladesh and seeing the abject poverty...

The blog Autopia passes along this NYT story outlining some of the fundamental challenges facing plug-in hybrid electric cars. The basic formula for the appeal of such hybrids is as follows: “The electric system runs mostly on coal, natural gas and uranium, all relatively plentiful. Cars run mostly on oil, oil and oil, which lately has been expensive. Wouldn’t it be nice to connect the two?” And as attractive an option as this might be, the NYT story writes that...

We’ve just posted the audio from Chuck Colson’s remarks at the Acton annual dinner in Grand Rapids on October 26. This link will take you there. “We are the people of the truth,” Colson told the more than 500 people assembled at the Amway Grand Plaza Hotel. “We believe there is ultimate reality and we believe it is knowable. And that puts us up against our culture.” One of the nation’s most prominent evangelical Christians, Colson is founder of Prison...

In a missioned by the UK government, Sir Nicholas Stern, a former chief economist of the World Bank, argues that the cost of waiting to take action to curb CO2 emissions will outpace other economic arguments against action on climate change. The BBC reports (HT: Slashdot) that Stern found “that global warming could shrink the global economy by 20%,” but that this opportunity cost for not taking action immediately could be offset by moving now: “Taking action now would cost...

Data from a new CNN poll: “Queried about their views on the role of government, 54 percent of the 1,013 adults polled said they thought it was trying to do too many things that should be left to individuals and businesses. Only 37 percent said they thought the government should do more to solve the country’s problems.” These results follow a period in which the GOP has dominated both the executive and legislative branches at the federal level. During this...