It was a major topic of discussion during the era of corporate scandals a couple years ago, but the issue of pensation still pops up in the news from time to time, and it remains a problem with which serious thinkers continue to grapple. Harvard’s Lucian Bebchuk and Berkeley’s Jesse Fried started one important strand of the discussion when they published Pay Without Performance in 2004. (Robert Kennedy reviewed it for Markets & Morality [available to subscribers]). In brief, Bebchuk...

It has been a bit of a mystery over the last few months, as an anonymous group of developers had been purchasing up a series of properties near downtown Grand Rapids. The investigative work of the local TV news turned up the plans for the group to end up with a 41-acre area that runs along the Grand River through the heart of downtown. Currently, the area is mostly made up of unused manufacturing facilities, abandoned buildings, and generally unproductive...

A brief Q&A with Acton research fellow and Covenant Theological Seminary professor Anthony Bradley has been posted here, “How Jacked-Up Punks Will Change The World,” in preparation for Anthony’s speaking engagement at the Reform & Resurge Conference 2006, May 9th – 11th in Seattle, WA. ...

Kofi Akosah in Accra, Ghana, writes in the latest Campaign for Fighting Diseases newsletter about the prospects for the use of DDT in fighting malaria in his home country. He first describes the devastation that the disease wreaks: “More than 17 million of Ghana’s 20 million people are infected by malaria every year, costing the nation a colossal 850 million cedis (US$94 million) for treatment alone.” He continues, “Those infected by malaria are in and out of hospital and unable...

Pat Nolan, president of Justice Fellowship, writes about the challenges that non-profits face in seeking funding, in the latest Justice eReport, “Equpping the Armies of Compassion.” Nolan highlights the Acton Institute’s Samaritan Guide and We Care America, which has a grant center that assists charities in getting proposals together. And on a related note, Joe Knippenberg at No Left Turns critiques an article by Amy Sullivan in The New Republic, “Patron Feint,” which depicts the faith-based initiative as a mere...

Here’s an interesting story–Apple Corps is suing Apple Computer for breach of contract. You probably recognize the first Apple as pany owned by Paul McCartney, Ringo Starr, and the widows of the other two Beatles. Since 1991, Apple Corps has had a deal with Apple Computer: in essence, the pany agrees to stay out of puter and munications business, and pany agrees to stay out of the music business–technically, each has agreed to keep its trademark out of the others...

The resemblance is uncanny. Who said liberation theology was dead? ...

“Immigration creates wealth,” says Larry Kudlow: Part of the immigration problem is simply Mexico’s inadequate growth and lack of economic opportunity. The country is growing at about 3 percent a year, but it ought to be growing at six to ten percent. Our southern neighbor ought to be the “Mexican Tiger,” but continues to be the “Mexican Chihuahua.” He also cites and explicates a column by Linda Chavez in The Washington Times, “illustrating what great entrepreneurs and small-business owners Hispanics...

A snippet from Ecumenical News International: Presbyterians invest $1 million in church ‘bank’ that helps poor New York (ENI). The Presbyterian Church (USA) has invested US$1 million in Oikocredit, an organization established by the World Council of Churches that assists people in poor countries start small businesses. The investment is the largest in Oikocredit over more than a decade, the church announced earlier this week, making the 2.4-million-member US denomination the second-largest investor in the institution set up in 1975....

Joe Knippenberg raises three issues with respect to my critique of the faith-based initiative (here and here). He writes first, “any activity that depends upon money is potentially corrupting, whether the source is governmental or private…. Why governmental money is different from private in this regard isn’t clear to me.” I agree that the potential for corruption is present in both cases, but the immediate constituency differs from private to public funds. For the former, the donors are the immediate...