2017
December
04
Monday

Monitor Daily Podcast

December 04, 2017
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Mark Sappenfield
Senior global correspondent

It’s safe to say that, generally, what goes on in board rooms is far more important to America’s economic well-being than what goes on in the White House. Under the Republican tax plan nearing President Trump’s desk, that would be even more true. 

The big question is, What might American business do with all that extra money?

For the past 30 years, corporations have focused primarily on generating wealth for their investors. And they have succeeded. Just look at the stock market. But that approach has increasingly left workers behind with stagnant wages, less job security, and fewer benefits. Just look at the message sent by the last election. “Over time, [corporations’] concern for the national interest has been squeezed out by the twin forces of profit maximization and cosmopolitanism,” argues Yishai Schwartz in National Affairs.  

“The business of business is business,” quipped Milton Friedman pointedly.

Yet those willing to look past the next quarterly statement have repeatedly shown that the goals of business and society are not at odds, but fundamentally the same. Corporate America has enormous capacity both to prosper and to improve lives. At its best, the tax cut is an investment in that hope. 

Now for our five stories today, which look at how views of economic growth are shaping American policy on the environment and taxes, while voters in Honduras are demanding better from their politicians.  


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Today’s stories

And why we wrote them

Andrew Cullen/Reuters
A man walks over a natural bridge at Butler Wash in Bears Ears National Monument near Blanding, Utah, Oct. 27. President Trump on Monday signed a presidential proclamation that reduces the size of Bears Ears by 1.1 million acres, or 85 percent.

Where does America stand on the issue of protecting iconic landscapes versus exploiting national resources? National monuments have been a proving ground for that debate for more than a century.

The tax bill is shaping up as a crucial test of a core conservative principle. Do tax cuts always fuel growth? What happens in the coming years could significantly shape how Americans see the issue.

The recent election in Honduras points to chronic concerns about transparency and democratic integrity. But it also points to a populace less and less willing to put up with a lack of progress. 

Karen Norris/Staff
Curtis Compton/Atlanta Journal-Constitution/AP
Mary Norwood, candidate for mayor, hugs volunteers (from l.) Marsha Cole, Johnny Austin, and Sheryl Favors as she arrives at her headquarters on Martin Luther King Jr. Drive to thank supporters and watch returns come in Nov. 7 in Atlanta. Nearly a dozen candidates competed to succeed term-limited Atlanta Mayor Kasim Reed.

When do questions about race take a back seat? It's an issue at the heart of the Atlanta mayoral race, in which a desire for change is weighing against a pride in what black mayors have done – for the city and for perceptions of the black community more broadly.  

Books

From Penelope Lively’s graceful short-story collection to Arundhati Roy’s novel – her first in two decades – on the religious divisions polarizing India, and from an American admiral’s examination of the politics at play over the world’s major bodies of water to a comprehensive biography of American sculptor and artistic giant Alexander Calder, 2017 produced a mountain of wondrous reads. Click the blue “read” button below for capsule reviews of 30 books that moved, informed, or delighted Monitor staff most.


The Monitor's View

AP Photo
Amado Nanalang watches basketball games in 2015 while making bets at a sports book owned and operated by CG Technology in Las Vegas.

The Supreme Court heard oral arguments Dec. 4 about the federal ban on sports gambling, with many of the justices appearing to lean toward overturning the ban in order to uphold state rights. The high court, not to mention the states, must be cautious about such a move.

Illegal sports gambling may already be widely practiced and mostly underground. But if state lawmakers and sports leagues are allowed to rake in money from legal betting on sports, they will then promote and expand it. Can they be trusted to control the potential social costs, such as match-fixing by players and underage gambling?

This court case is as much about the integrity of sports and the damage to vulnerable populations as it is the Constitution’s provision for states to regulate their internal matters. Congress was not wrong when it passed the Professional and Amateur Sports Protection Act of 1992, which imposed a national ban while grandfathering the practice for four states that already allowed it.

As casino gambling has declined, New Jersey decided to challenge the law in hopes of reviving its gambling industry and maintaining the flow of taxes from betting. Its case to overturn the federal ban has not fared well in lower courts. But for some reason, the Supreme Court decided to take up the issue. A majority of the justices may believe it is time for states that want sports gambling to come to grips with it on their own.

Yet the track record on all legalized gambling in the United States does not argue for even more of it on sports. Problem gambling has negative effects on an estimated 7 percent of the population, according to work by McGill University professor Jeffrey Derevensky. The most obvious effect is the cost of gambling addiction on individuals and their families. But legalized gambling also hits those least able to afford it. The poorest third of Americans buy more than half of all lottery tickets. They are often targeted by government to keep buying tickets.

And based on the high level of match-fixing in world soccer under FIFA, the US should be worried about potential pressure on pro players from gambling syndicates. Note that the US Justice Department now has a court trial against many former FIFA-related officials over charges of corruption.

New Jersey itself is worried enough about sports gambling that it had set plans to shield amateur sports from its effects and to track gamblers by their location within the state. But can such legal and technological efforts really work in the Digital Age?

Such questions are difficult for states to answer let alone court judges. The Supreme Court has often weighed the social consequences of its rulings. If it bursts the dam on sports gambling, Americans must be ready to counter the money-seeking motives of state governments and sports leagues. Gambling has too many costs to treat it as a norm and a cash cow.


A Christian Science Perspective

About this feature

Each weekday, the Monitor includes one clearly labeled religious article offering spiritual insight on contemporary issues, including the news. The publication – in its various forms – is produced for anyone who cares about the progress of the human endeavor around the world and seeks news reported with compassion, intelligence, and an essentially constructive lens. For many, that caring has religious roots. For many, it does not. The Monitor has always embraced both audiences. The Monitor is owned by a church – The First Church of Christ, Scientist, in Boston – whose founder was concerned with both the state of the world and the quality of available news.

In a certain South African community, competition among corrupt taxi owners escalated to fatal violence toward passengers. This was not what the leaders of the two taxi franchises wanted, but criminal elements involved prevented them from meeting face to face to address the issue. When Christian Scientist Martine Blackler learned of this, she realized she did not need to accept the situation in her community as inevitable and could trust in God’s goodness. Division or violence is not part of God’s plan for us. Soon the chief executive officer of one of the taxi franchises – a regular customer at Ms. Blackler’s poultry business – reached out to ask if he and the owner of the other taxi franchise could meet at Blackler’s farm, a neutral territory. She agreed and, when they arrived, she insisted that they leave their bodyguards and weapons outside. The meeting was productive, and from then on there was no more taxi violence in that area. There is no place where God’s love for all can’t be felt.


A message of love

Jonathan Ernst/Reuters
A military aide carries the so-called nuclear football, the satchel that contains launch codes for the US nuclear arsenal and that travels with the sitting president, before departing with President Trump for Utah from the White House Dec. 4. Tensions with North Korea remained high and US and South Korean air forces began a large-scale joint exercise, carrying out simulated strikes with more than 200 aircraft over South Korea.
( The illustrations in today’s Monitor Daily are by Jacob Turcotte and Karen Norris. )

A look ahead

Thanks for joining us today. We hope you'll come back tomorrow when we look at a Supreme Court case at the center of the debate over religious liberty and gay rights. Does the First Amendment protect the owners of creative businesses – like cake bakers and florists – if they say serving LGBT customers runs contrary to their religious beliefs? We'll explore that and more. 

More issues

2017
December
04
Monday

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