Khazen,org and Wisconsin Catholic-Maronite Foundation is proud to offer its endorsement to the Romney Ryan ticket of 2012! And Governor Tommy Thompson as of the senate race.
I just returned from the Romney/Ryan campaign event in Norfolk, Virginia. The crowd was massive, enthusiastic and hopeful. I don’t know what I expected – but what I experienced far exceeded those expectations. Mitt Romney’s bold choice of Paul Ryan as his running mate ensures that an exchange of correspondence between the Cardinal of New York and the Republican Vice Presidential nominee will now become a part of framing the issues in what promises to be one of the most important Presidential contests in U.S. history. The principles of Catholic Social Teaching and their application have now entered the 2012 campaign.
When Presidential candidate Mitt Romney approached the podium and began to speak, he was warm, sincere, comfortable and confident. In fact, he was, "presidential" in his demeanor. He was introduced by the Governor of Virginia, Bob McDonnell, whose gifts continue to mature in office. I could not help but think that I was listening to Governor McDonnell that I was listening to the next Attorney General of the United States – if Mitt Romney is elected to the presidency in November.
However, it was Romney’s introduction of his Vice Presidential selection which wowed the crowd. Here is an excerpt from his remarks: "Today we take another step forward in helping restore the promise of America. As we move forward in this campaign and on to help lead the nation to better days, it is an honor to announce my running mate and the next Vice President of the United States: Paul Ryan."
"Paul Ryan is a leader. His leadership begins with character and values. And Paul is a man of tremendous character, shaped in large part by his early life. Paul’s father died when he was in high school. That forced him to grow up earlier than any young man should. But Paul did, with the help of his devoted mother, his brothers and sister, and a supportive community. And as he did, he internalized the virtues and hard-working ethic of the Midwest…" "He does not demonize his opponents. He understands that honorable people can have honest differences. And he appeals to the better angels of our nature. There are a lot of people in the other party who might disagree with Paul Ryan; I don’t know of anyone who doesn’t respect his character and judgment."
WASHINGTON, DC (Catholic Online) – While Republican Presidential candidates announced their candidacy and President Obama positioned himself for his re-election effort, the President of the US Bishops Conference, Archbishop Timothy Dolan and a Conservative Catholic Congressman named Paul Ryan exchanged letters which can help frame the issues of the upcoming presidential campaign.
The political wordsmiths are trying to lay claim to that field of moral theology referred to as "Catholic Social Doctrine" as the 2012 campaign for the US Presidency begins. Prior to 2004 the phrase "Social Teaching" of the Catholic Church referred to the teachings found in the Sacred Scriptures, expounded upon in the Christian tradition, developed in the documents of the Second Vatican Council, explained within a contemporary series of encyclical letters, apostolic letters and exhortations, and wonderfully summarized in the Catechism of the Catholic Church. Sadly, many people had not read these sources. So, what claimed to be the Social Teaching of the Catholic Church was too often the "spin" of self styled "experts" with political agendas.
Then on April 2, 2004, the Memorial of Saint Francis of Paola, Cardinal Renato Raffaele Martino, President of the "Pontifical Council for Justice and Peace" released the "Compendium of the Social Doctrine of Church." It can be studied and read in full online here It can also be purchased here I recommend that every Catholic, indeed all Christians, other people of faith and all people of good will purchase this outstanding compendium. It is a tremendous resource.
This social doctrine of the Church confronts what Pope Benedict called the "Dictatorship of Relativism" and insists there are unchangeable truths such as the dignity of every human person at every age and stage which must form the foundation of any just society. To be Pro-Life is not about a "single issue", it is about a world view. It is this dignity of the human person which requires a respect for every human life whether that life be in the first home of the womb, a wheelchair, a jail cell, a hospital room, a hospice, a senior center or a soup kitchen.
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Nine Great American Companies That Will Never Recover
are renowned for innovation, phenomenal growth, and, in the case of public corporations, their soaring share prices. Google Inc. (NASDAQ: GOOG) usually makes the list, as does Apple Inc. (NASDAQ: AAPL). At the other end of the scale are well-known firms that are so crippled they go bankrupt or disappear entirely. Recently, these have included AMR, the parent of American Airlines, Borders, and Eastman Kodak.
1. J.C. Penney Company Inc. (NYSE: JCP)
J.C. Penney, founded in 1913, counted itself among the primary retailers and catalog companies in the US for decades. But under CEO Myron Ullman III, who took over in 2004, its revenue began to slide, dropping from $19.9 billion in 2007 to $17.3 billion in 2011. Earnings fell from $1.1 billion to a loss of $152 million in the same period. J.C. Penney’s share price has fallen 70% in five years. By way of contrast, the shares of Macy’s Inc. (NYSE: M) and Target Corp. (NYSE: TGT) — two direct competitors — have been essentially flat over the same period. J.C. Penney was challenged by these two companies and several others, including Wal-Mart Stores Inc. (NYSE: WMT) and Costco Wholesale Corp. (NASDAQ: COST). Problems became so severe that J.C. Penney closed its formerly successful catalog business and reached outside for a new CEO. The board’s choice was Apple Retail Chief Ron Johnson, who was picked in June 2011. Johnson changed the company’s pricing structure, but the reaction was so poor that revenue dropped an extraordinary 20.1% to $3.2 billion in the first fiscal quarter. J.C. Penney posted a loss of $163 million. Internet sales, so essential in a world in which Amazon.com Inc. (NASDAQ: AMZN) has become a significant presence, fell 27.9% to $271 million. By contrast, Macy’s total sales, combining online and those made in stores, rose 4.3% to $6.1 billion in the last reported quarter. And Macy’s is hardly J.C. Penney’s largest competitor by revenue or workforce. Walmart’s sales were $450 billion last year, while Costco’s were $89 billion.
2. The New York Times Co. (NYSE: NYT)
The New York Times is, and has been for decades, the premier daily newspaper company in the US. But the company has been shrinking rapidly. Ten years ago, The New York Times Company made $300 million on revenue of $3.1 billion. Last year it lost $40 million on revenue of $2.3 billion. The New York Times did not move online fast enough to offset the rapid erosion of print advertising. Its tardiness allowed it to be challenged on the Internet by properties like The Huffington Post, Google News, and the news, sports, and financial properties of portals such as MSN, AOL, and Yahoo!. As an indication of how the stock market measures the value of The New York Times Company, its market cap is $1.2 billion against its revenue of $2.3 billion in 2011. Low-brow content aggregator Demand Media has a market capitalization of $865 million against 2011 revenue of $325 million. Demand lost $13 million last year. The reason the market values of the two companies are so close? The Times still relies on the dying print business for the lion’s share of its revenue. Its market cap and cash balance are too low to allow it to more aggressively move to the internet or buy large online properties. In the last quarter, The Times’ revenue was roughly flat at $515 million. The company lost 57 cents a share compared with a profit of 5 cents a share in the same period last year. The worst news from the quarter was that “Digital advertising revenues at the News Media Group decreased 1.6 percent to $52.6 million from $53.5 million mainly due to declines in national display and real estate classified advertising revenues.” The Times did make advances in online paid subscriptions, but circulation revenue barely offset the drop in advertising sales. At the heart of The New York Times’ uniqueness among American newspapers is the quality of its editorial content. The company has held the line on retaining its large editorial staff. It did lay off 100 people in 2009, which was about 8% of the news staff. The industry is in the midst of another wave of job cuts. The Times has not been able to show significant top-line growth, even with its digital subscription efforts. Print is in too much of a shambles for the company to shore itself up in the digital world.
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