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.
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.

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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.

A Christian Science Perspective

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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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