2019
June
05
Wednesday

Monitor Daily Podcast

June 05, 2019
Loading the player...

When non-Muslims think of Islam, it is likely that they are thinking of an image largely crafted by Saudi Arabia. It is an image that Saudi Arabia has aggressively proselytized in the Sunni Muslim world and beyond through its wealth and influence: a strident conservatism that, for instance, only recently saw women as fit to drive.

But this past week, that image showed signs of cracking.

Outside the Muslim world, the disagreement might have seemed a small thing. Three Arab countries rejected Saudi Arabia’s pronouncement that the holy month of Ramadan ended Tuesday. They proclaimed it ended Wednesday. But for Taylor Luck, our correspondent in Jordan, that flicker of discord bespeaks something much bigger: Saudi Arabia is paying the price for politicizing religion.

Saudi Arabia’s interpretation of Islam, called Wahabbism, has been the country’s “main export the past four decades and was their attempt to expand and cement their influence across the Arab world,” he says. “This reductionist or austere interpretation went unchecked until it invaded almost every major town and city in the Arab world.”

“The fact that states are now showing they are willing to push back, albeit gradually, is a sign that Saudi’s monopoly or unquestioned hegemony over Islam is not as secure as it once was – or as they think it is.” For a religion that, in many places, is far more diverse and tolerant than the image of Wahabbism presents, it is the seed of a potentially powerful change.

Today our five stories include a look at Israel’s moment of decision for democracy, Native Canadians’ efforts to reforge the system that sought to break them, and an incomparable glance back at D-Day through the eyes – and the cockpit – of two pilots who lived it.


You've read  of  free articles. Subscribe to continue.

Today’s stories

And why we wrote them

Impeachment is presented as a binary choice, but Congress has other options for dealing with perceived presidential offenses.

Are elected leaders above the law? How crucial is an independent judiciary? Democracies worldwide are increasingly facing these questions. In Israel, they are at the center of concerns about Prime Minister Benjamin Netanyahu’s efforts to retain power.

Melanie Stetson Freeman/Staff
Collette Norris (l.), Patricia Dawn (c.), and Joe Norris pose on traditional First Nations land in Duncan, British Columbia. They work with Red Willow Womyn’s Society to help indigenous women in the Cowichan Valley at risk of having their children taken into custody by authorities.

For generations, Native Canadians’ own government treated them with appalling cruelty. So today, they are speaking out, making changes to a foster-care system they say perpetuates old problems and thinking.

Nearly 1 million children are out of school in Cameroon as a brutal separatist conflict wears on. Sixteen-year-old Bless is just one. But his irrepressible love of learning underscores how war puts the potential of a generation – and a country – at risk.

Watch

A 75th-anniversary reenactment of D-Day is about more than history or getting to fly in cool planes. As a pilot says, it’s about “why we live free, and the sacrifices that were made, and the incredible examples of what we can accomplish as a country when we all come together.”

D-Day anniversary flight over Normandy


The Monitor's View

This summer, the federal agency that regulates Wall Street will take a farsighted move. It will hold a public “roundtable” to gather ideas on how to deal with short-term thinking in capital markets. Too many companies, says the U.S. Securities and Exchange Commission, need to “foster a longer-term” perspective.

The SEC is hardly alone in its concern. Donald Trump and Joe Biden, the two front-runners in the presidential contest, have each argued that something must be done about “short-termism.” That term describes a tendency among transient investors to demand profits each quarter from companies, a practice that treats the stock market like a casino or a get-rich-quick lottery.

While financial experts differ on whether short-termism is getting worse, it is clear that many of today’s problems, from climate change to global migration to aging societies, are so big and difficult that they require companies to resist investor pressure to give short shrift to the long view.

Over the centuries, capitalism has contributed much to the universal welfare. The SEC now wonders if new regulations to discourage short-term thinking might improve that record. Specifically, the agency might allow companies to provide financial data only every six months instead of the current three months. It might encourage a company not to predict profits for the coming quarter. And the SEC might look at ways to encourage executive compensation that rewards results based on decadeslong goals. A company could focus on whether its leaders have invested well in employee training, research of new products and services, and activities that help sustain society and the planet.

The demand for a change is certainly there. According to SEC Chairman Jay Clayton, Americans who are building a retirement kitty in 401(k)s and IRAs want to know if their money will produce steady income over decades. “An undue focus on short-term results among companies may lead to inefficient allocation of capital, reduce long-term returns for Main Street investors, and encumber economic growth,” Mr. Clayton says.

One tactic used by many companies is to write a mission statement that defines a purpose beyond profits. This recognizes that a firm must give back to society, which provides the order and market for a company to provide value to shareholders. This summer’s SEC roundtable will be an excellent forum to discover better ways to bring foresight and patience into American companies.


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.

Drawing on her experience as a teacher in an educational program for migrants, today’s contributor shares how self-righteousness, pride, and other elements that would keep us from helping to better the world can be healed.


A message of love

Murad Sezer/Reuters
People at an amusement park celebrate the second day of the Muslim holiday of Eid al-Fitr, which marks the end of the holy month of Ramadan, in Istanbul June 5.
( The illustrations in today’s Monitor Daily are by Karen Norris. )

A look ahead

Thank you for joining us today. Please come back tomorrow when we ask the eternal question: Does the world really need another “Pride & Prejudice” remake? In the case of the novel “Ayesha at Last,” yes.

More issues

2019
June
05
Wednesday

Give us your feedback

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.