Creation, Sin, and Debt

Creation, Sin, and Debt

T here is no denying that the recent papal encyclical, Laudato si’, represents a sea change in official Catholic social teaching.1 For one thing, it is addressed not simply to the bishops nor even to each member of the Catholic Church but to “every person living on this planet” (§3); for another, it speaks from the perspective of the global South and names the debts owed by the North to the Sou...

Critical debt and debt dynamics

We study the debt dynamics and sustainable debt for an open economy which borrows from abroad in order to "nance consumption. To service the debt the country may exploit a renewable resource. We show that there is for every resource stock R a critical level BH(R) of debt above which debt tends to in"nity but below which it may be steered to zero. We demonstrate how to compute BH(R) using an ODE...

Debt and Debt Management among Older Adults

Of particular interest in the present economic environment is whether access to credit is changing peoples’ indebtedness over time, particularly as they approach retirement. This project analyzes older individuals’ debt, debt management practices, and financial fragility using data from the Health and Retirement Study (HRS) and the National Financial Capability Study (NFCS). Specifically, we ex...

Original sin and education.

Babar: Sin(2β + Γ) Babar: Sin(2β + Γ)

The time-dependent CP asymmetries in fully reconstructed B0→D(∗)±π∓/ρ∓ decays (new preliminary result), and in partially reconstructed B0→D(∗)±π∓ decays, are measured with the BABAR detector at the PEP-II asymmetric B factory at SLAC, using 232 million Υ (4S) → BB decays. We combine the above results and, using other measurements and theoretical assumptions, we interpret them in terms of the an...