The Worden Report
Friday, May 18, 2012

The United States as Religious and Secular Societies

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E pluribus unum , or “Out of many, one,” is a motto for the United States—the American States that are united. The many can refer, I suppose...
Tuesday, May 15, 2012

A Conflict-of-Interest in Lobbying: The Case of JPMorgan

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At the JP Morgan stockholder meeting on May 15, 2012, as the FBI was opening an investigation into the bank’s $2 (or $3 )billion loss on c...
Monday, May 14, 2012

California Fiscal Policy: The Crowding-Out Effect

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In the U.S. Constitutional Convention of 1787, some delegates expressed the concern that giving the General (federal) Government the autho...
Sunday, May 13, 2012

Tsipras against Austerity: Merkel Bends on Stimulus

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Under pressure to join a unity government in Greece with the New Democracy and Socialist parties, Tsipras of a “radical left” Syriza party...
Wednesday, May 9, 2012

A Rigid Refusal to Renegotiate: Blaming the Greeks

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As Greek party leaders struggled to put together a government in May 2012 after a splintering election, a major (and contentious) issue wa...
Tuesday, May 8, 2012

Anti-Austerity in Greek Government

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The Socialists and then the New Democracy Party told Greeks that sacrifices were necessary to avert default on the state’s debt. This po...
Monday, May 7, 2012

Merkel’s Fiscal Box in the E.U. Debt Crisis

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Germany was ruling out any substantive shift in its approach to Europe's debt crisis despite a rising chorus of opposition to Berlin...

Fuld’s Arrogance at Lehman: Systemic Risk

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Documents released in May 2012 regarding Dick Fuld at Lehman Brothers prove that he was aware of the high risk involved in holding so much...
Sunday, May 6, 2012

Europeans Vote against Austerity

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On May 6, 2012, elections took place in six E.U. states. The most significant in terms of the debt crisis were those of France and Greece. ...
Saturday, May 5, 2012

Holding the Unfit Accountable vs. Murdoch’s Entitlement to Power

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“A damning report [in late April 2012] on the hacking scandal at Rupert Murdoch’s British newspapers concluding that Mr. Murdoch is “not a ...
Thursday, May 3, 2012

Subsidiarity: Federalism Over Catholic Social Ethics?

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In the E.U., the principle of subsidiarity functions in theory like the Tenth Amendment does in the U.S.—again in theory. In both cases, p...
Wednesday, May 2, 2012

Wealth: Benefitting and Distorting Society

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“ One of the great political and economic challenges of our time is figuring out the balance between wealth that benefits society and wealth...

Quitting Money: Crazy in Christian Terms?

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In 12 years, Daniel Suelo has not made a penny; neither has he spent one. In 2000, he left his remaining $30 in a phone booth (remember th...
Monday, April 30, 2012

Wal-Mart: Political Contributions as Bribery

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In September 2005, “a senior Wal-Mart lawyer received an alarming e-mail from a former executive at the company’s largest foreign subsidia...
Sunday, April 29, 2012

The Internet Escapes China's Grasp

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T he “surprising escape” of Chen Guangcheng, a blind legal activist, from house arrest to the presumed custody of U.S. diplomats was “buoy...
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