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“You won’t believe what I got from Shein for only $100!” The video opens with an influencer flashing perfectly manicured nails and a box bursting with clothes, accessories, and things no one actually needs.
Within minutes, thousands of comments flood in: “I need this!” “Adding to cart.” It’s consumerism served piping hot to millions of impressionable viewers who didn’t know they needed a $9 glitter bucket hat until five seconds ago.
Consumerism is the temptation we just can’t shake. Platforms like Instagram and TikTok have turned buying stuff into a sport. This “haul culture” isn’t just harmless fun. It feeds the idea that more is always better and that your worth is tied to what you own. Haul videos like this are the poster children for a culture of overconsumption.
But while the world’s social media feeds scream “More, more, more!” the Gospel quietly calls for something radically countercultural: stewardship.
Possible Preaching Angle: Stewardship isn’t just about protecting the planet. It’s about managing every resource—time, money, relationships, possessions—in ways that honor God (Gen. 2:15). When our shopping carts (digital or otherwise) are overflowing with things we don’t need and can’t afford, we’ve veered off course. And when our closets look like a Forever 21 warehouse but our tithing is nonexistent? It’s time for a heart check. The issue isn’t, “Can I afford this?” It’s about remembering that everything we have—our paycheck, our possessions, our very breath—is on loan from God. When we buy mindlessly or hoard resources, we’re not just being careless. We’re saying we trust in “stuff” to bring satisfaction instead of trusting in the One who provides all we need.
Source: Ellen Hayes, “How Amazon, Fast Fashion and ‘Haul Culture’ Are Breaking the Call to Stewardship,” Relevant Magazine (1-29-25)
Hope springs eternal for sports bettors, as they typically expect to break even on future wagers even when they have consistently lost money in the past.
Now we know roughly how overconfident many gamblers are. A study by Stanford University researchers finds that the average online sportsbook customer expects a gain of 0.3 cent for every dollar wagered. In reality, sports bettors lose an average of 7.5 cents per dollar wagered, reflecting “widespread overoptimism about financial returns,” according to Matthew Brown lead author of the study.
The study also found that 20% of participants reported betting too much. To promote responsible gambling, online sportsbooks have rolled out features making it easy for users to track their results over time. But since most sports bettors are overly optimistic about their future betting, those measures likely won’t do much to curb problematic gambling,
Brown says. “Even when bettors know their past losses, they remained optimistic about the future, so that particular approach to consumer protection might not be enough,” he says.
As online gambling infiltrates society (and the church), there are more opportunities for temptation, people can hide their gambling addiction by not leaving their home. How many secret addicted gamblers are there in our churches?
Source: Nick Fortuna, “You Like to Bet on Sports? Here’s a Reality Check,” The Wall Street Journal (2-9-25)
They're colorful, valuable, and make the most delightful noise shaking around in their box … and to the trained criminal eye, they glitter nearly as valuably as uncut diamonds. What are they? Humble Lego sets.
Recently, thieves have begun targeting Lego sets as (relatively) high value and nearly untraceable goods. Why? The brick toys are in massive demand, can be instantly resold, command high prices for hard to find or mint condition sets, and are extremely difficult to track as stolen goods. Over the years, Lego sets have become more elaborate — for example, Lego recently released a kit of the Millennium Falcon, comprising 7,541 pieces and, notably, retailing for $849.95. An unopened Lego Star Wars Cloud City set from 2023 will set you back $7,000.
A Lego crime ring was recently busted in southern California where police said they found 2,800 boxes of Lego, with individual values ranging from $20 to “well over” $1,000. They included Star Wars, Harry Potter, and Marvel sets. In similar recent cases thieves smashed their way into stores and made off with around $100,000 worth of Lego kits.
“Ten years ago, I just couldn’t have imagined it — I did not think our little hobby was the kind of thing that would attract that kind of crime,” said Graham E. Hancock, editor of Blocks, an enthusiast magazine.
1) Value - It's a fascinating case study in value—sometimes the easily overlooked things right under our noses are more interesting or valuable than we think; 2) Greed; Temptation – The sinful desire for wealth can lead to sin, destruction, and judgment; 3) Meaning; Purpose - The Bible often speaks of the emptiness of material possessions and the search for true meaning and purpose in life. People’s obsession with Lego sets might reflect a deeper longing for something more.
Source: Victor Mather, “Thieves Stole Thousands of Lego Sets in L.A., Police Say,” New York Times (7-7-24); Tod Toddison, “What is the most expensive and rarest unopened LEGO set?” Quora (7-26-24).
Palmer Luckey, is a billionaire tech entrepreneur who founded Oculus and parlayed that fortune into a career as a Silicon Valley defense contractor. Luckey collects cars and he needed a place to store them. According to Forbes, when his classic car collection had outgrown his $12.5 million oceanfront mansion in Newport Beach, California, the solution was obvious: Buy the $3.8 million house across the road, demolish it, and build an elaborate 7,000 square foot building with four car elevators.
The project went smoothly — until Luckey got trapped in his own car elevator for 10 minutes. That’s according to a new lawsuit Luckey took out against the contractor responsible for building the elevator.
According to the lawsuit, this has happened more than once and led to millions of dollars in damages. Custom Cabs and construction company WT Durant, who are the defendants in the case, have denied Luckey’s allegations. Custom Cabs told Forbes that it had filed a motion to strike the lawsuit’s claims. WT Durant said it had worked with Luckey several times before this incident and that he’d never before had an issue.
Wealthy people are often tempted to spend their money indulging in luxuries and extravagant items. On the other hand, the poor are struggling more and more. They experience severe challenges like hunger, lack of housing, and inequality. This situation highlights the growing divide between the rich and the poor which is a significant issue in our society. God’s people are called to be generous and share the blessings God has given to them (Luke 6:38; 1 John 3:17)
Source: Matthew Gault, “Billionaire Tech Mogul Palmer Luckey Sues After Getting Trapped in His Own Elevator,” Gizmodo (7-23-24); Ian Martin, “Billionaire Palmer Luckey Sues Contractor After Being Trapped In His Mansion's Car Elevator,” Forbes (7-22-24)
The cacophony of slot machines, dice rolls, and card shuffles is what usually comes to mind when people think of gambling. The more pervasive way to gamble that has become more popular over the years is with your cellphone.
The computers in our pockets provide us with 24/7 access to sites and apps that facilitate our bets for us. People can’t even watch a sports game on their phone without being inundated with ads for fantasy sports platforms. Why not combine phone addiction with gambling? What’s the worst that could happen?
Writing in The Atlantic, Christine Emba anticipates the dreadful impact:
In a sense, Americans have been training themselves for years to become eager users of gambling tech. Smartphone-app design relies on the “variable reward” method of habit formation to get people hooked—the same mechanism that casinos use to keep people playing games and pulling levers. When Instagram sends notifications about likes or worthwhile posts, people are impelled to open the app and start scrolling; when sports-betting apps send push alerts about fantastic parlays, people are coaxed into placing one more bet.
Smartphones have thus habituated people to an expectation of stimulation—and potential reward—at every moment. Timothy Fong, a UCLA psychiatry professor and a co-director of the university’s gambling-studies program, said, “You’re constantly surrounded by the ability to change your neurochemistry by a simple click. There’s this idea that we have to have excessive dopamine with every experience in our life.”
The frictionless ease of mobile sports betting takes advantage of this. It has become easy, even ordinary, to experience the excitement of gambling everywhere. It isn’t enough anymore to be anxious about the final score of the Saturday night football game—let’s up the ante and bet on the winning team!
But at what cost? Indeed, what happens when we begin to think of every scenario in our lives in terms of risk/reward and the dispassionate calculations of probability? This can turn life itself into some cosmic game, twisting relationships into scenarios we scheme and manipulate as we chase the dopamine rush of a winning bet. The easy accessibility to gambling won’t just affect us personally, for it can also change the culture around us.
As online gambling infiltrates society (and the church), there are more opportunities for temptation, people can hide their gambling addiction by not leaving their home. How many secret addicted gamblers are there in our churches?
Source: Adapted from Cali Yee, “Gambling Away our Lives,” Mockingbird (7-12-24); Christine Emba, “Gambling Enters the Family Zone,” The Atlantic (7-8-24)
A report released by the New York City public school district alleges that school employees misused funds intended for homeless students' enrichment activities, including trips to Disney World, New Orleans, and other destinations. Six employees took their children or grandchildren on these trips, which were funded by grants specifically designated for homeless students.
Linda Wilson was identified as the key figure in this scheme. Wilson served the regional manager responsible for assisting students in temporary housing in Queens. The report alleges that Wilson not only took her own children on trips sponsored by grants for homeless students but also encouraged her subordinates to do the same. She allegedly told staff, “What happens here stays with us.”
To cover up the misuse of funds, Wilson forged permission slips using students' names and worked with an outside contractor to book the trips, flying under the radar of the less stringent oversight of community-based organizations. Had she booked directly through the city's Department of Education (DOE), she would’ve likely been caught sooner.
The investigation into this misconduct was initiated in May 2019 following a whistleblower complaint and concluded in January 2023. The report recommends the termination of Wilson and the five employees involved, and that the DOE seek reimbursement for all misappropriated funds. Both the DOE and the NYC Conflicts of Interest Board have accepted the report's findings and initiated actions accordingly.
God is deeply concerned with the welfare of the poor and oppressed. When those in positions of power misuse funds intended for the vulnerable, it is a grave injustice that God sees and will hold them accountable.
Source: Ed Shanahan, “School Workers’ Families Took Disney Trip Meant for Homeless Students,” The New York Times (9-17-24)
Martin Shkreli, infamous for his pharmaceutical price gouging, has once again found himself in legal hot water. This time, the controversy surrounds his purchase of the sole copy of the Wu-Tang Clan album, Once Upon a Time in Shaolin, for a staggering $2 million.
The album, a limited-edition masterpiece, was intended to be a priceless work of art. Shkreli had purchased it at auction, reveling in the notoriety associated with owning such a unique piece. However, his fortunes took a turn when he was convicted of securities fraud and his assets were seized.
To settle his debts, the Wu-Tang album was sold to PleasrDAO, a group of collectors specializing in rare digital artifacts. The sale was finalized in 2024, and its value was predicated on the album's assumed rarity.
But Shkreli's troubles were far from over. He recently bragged online about making copies of the album before it sold, violating the terms of his purchase. PleasrDAO quickly filed suit against Shkreli for copyright infringement.
The judge granted a restraining order, preventing Shkreli from possessing or distributing any copies of the album. She also ordered him to surrender all existing copies and provide an accounting of any copies he had given away.
This story offers valuable lessons about the dangers of pride, greed, and boasting, the importance of honesty and integrity, the consequences of sin, the value of humility, and the responsibility of stewardship.
Source: Ramishah Maruf, “Martin Shkreli ordered to give up all copies of one-of-a-kind Wu-Tang Clan album,” CNN (8-27-24)
The U.S. Department of Justice has filed suit against Texas company RealPage, alleging that the company violated the Sherman Antitrust Act by enabling property owners to illegally collude, preventing competition in the rental market to artificially inflate their profits. According to reporting from the nonprofit ProPublica, RealPage’s software enables landlords to share confidential data so they can charge similar rates on rental properties.
Assistant Attorney General Jonathan Kanter said, “RealPage has built a business out of frustrating the natural forces of vigorous competition. The time has come to stop this illegal conduct.”
Kanter compared the system to drug cartels and went on to say, “We learned that the modern machinery of algorithms and AI can be even more effective than the smoke-filled rooms of the past. You don't need a Ph.D. to know that algorithms can make coordination among competitors easier.”
Officials at the DOJ say the lawsuit is the culmination of over two years of investigation into RealPage. This included analysis of internet documents and communications and also consultation with programmers who could break down how the computer code interacts with the proprietary data.
The lawsuit is part of an ongoing effort from federal, state, and local officials to mitigate the lack of affordable housing in American cities. It’s also part of a broader push to scrutinize similar information-sharing systems that might enable antitrust violations in other industries.
“Training a machine to break the law is still breaking the law,” said Deputy Attorney General Lisa Monaco.
When people use dishonest means to boost profits, it is not just illegal, it dishonors the Lord, who cares for the poor.
Source: Heather Vogell, “DOJ Blames Software Algorithm for Rent Hikes,” MSN (8-23-24)
Does a pay raise bring happiness? Sometimes it will, but the level of happiness is often tied to how we compare our salaries to others.
According to a story in The Wall Street Journal, people’s happiness with their pay is strongly tied to how it compares with the pay of others around them, say researchers who study compensation. Sometimes, those comparisons rankle.
Executives are more likely to leave their companies if their pay is low compared with other top bosses, according to a 2017 study in the journal Human Resource Management. Comparisons matter closer to home, too. Living in an area where people tend to make more money than you is linked to being less happy.
A 30% raise made Ryan Powell less happy at work. Powell, a 38-year-old finance director for a manufacturer in western North Carolina, received that pay bump in 2022. He had been hoping for more based on the salary information he had heard from recruiters, peers in the industry, and his M.B.A. cohort.
The initial thrill of the raise lasted about three months, he said. “The further I got into it, the more I was realizing that I was anchored to the higher number.”
Source: Joe Pinsker, “The Unexpected Ways a Big Raise Affects Your Happiness,” The Wall Street Journal (1-13-24)
Theft—or "shrinkage" as the retail industry calls it—is a big problem for stores that use self-checkout kiosks. The machines have created a new kind of "partial shrink" where someone pays for most of their stuff, but skips a few items.
One study revealed that about 6.7% of orders had some items that went unscanned (including accidentally)—far higher than the typical 0.3% shrink rate for a fully-staffed checkout. It might not surprise you that in a survey of 5,000 shoppers, the majority admitted to accidentally bagging an item that didn't scan at the kiosk.
But something the survey revealed that might be surprising? Wealthier people were most likely of all to intentionally steal, they told surveyors. Of people who admitted to stealing, the biggest group was among the 18% of people with household incomes of more than $100,000. (When considering people with household incomes under $35,000, 14% said they'd purposely taken an item without scanning it.)
Terrence Schulman a lawyer of the Schulman Center for Compulsive Theft, Shopping and Hoarding said, “I want to admit that I don't know what the truth is, but I'll give you a few theories”:
I think that a lot of people who are higher-income and more well-to-do probably aren't quite as delighted to have all this self-service kind of stuff, like checkout or having to pump your own gas. I'm generalizing, but maybe for wealthier people, it's just another hassle — or it's kind of beneath them. So that's one possibility: that it's kind of like a silent protest. Like, why do I have to do this?
Another thought is that scanning a $10 item for a wealthy person, that's like a penny to them. So, there's already a different kind of attitude about money.
There might be even a subconscious kind of thought of: “Hey, if I got caught, if I ever did get in trouble, I have the resources — I could hire an attorney, or I could call somebody. I know how to make something happen.”
Having wealth often leads a person to an attitude of superiority, privilege, and a sense of being “above the law.” But all of us need to guard against making excuses for unlawful or immoral behavior as though we deserve it.
Source: Katie Notopoulos, “Rich people are more likely to steal from self-checkout. Why?” Business Insider (12-26-23)
About seven in ten respondents in a survey said they strongly or somewhat agreed with the statement: “Having more money would solve most of my problems.” Similar proportions of people in each income bracket felt that way, including those with salaries of $200,000 or more.
Exactly how much more money do we think we need to be happy? A survey from the financial-services company Empower put the question to about 2,000 people.
In the survey, most people said it would take a pretty significant pay bump to deliver contentment. The respondents, who had a median salary of $65,000 a year, said a median of $95,000 would make them happy and less stressed. The highest earners, with a median income of $250,000, gave a median response of $350,000.
Even very wealthy people think like this. A 2018 study asked millionaires to rate their happiness on a scale from one to ten and, if they didn’t say ten, predict how much money they would need to move one point higher. Slightly over half of those with a net worth of $10 million or more said their wealth would need to increase by at least 50%.
Source: Joe Pinsker, “The Pay Raise People Say They Need to Be Happy,” The Wall Street Journal (11-19-23)
Susan Mettes, Associate Editor at CT magazine, writes:
I have a clear early memory of first learning to ride a bike. When I had finally found enough balance for a few seconds of forward movement, my beloved brother toddled into my path. There was plenty of room for both of us on the sidewalk, but I mowed the little guy down and we both fell onto the lawn, sobbing.
Now I know that the reason I couldn’t avoid him was something called “target fixation,” which means that we aim for what we’re focusing on—no matter how much we consciously try to avoid it.
Jesus keeps telling us to take our eyes off money. In many places—including in the church today—we see people falling into the trap of requiring more and more of it to feel good. But on the flip side, we too often think that the change we must make is from lusting after money to avoiding money. However, thrift can also become a target we fixate on, disorienting us, and leading us to crash right back into Mammon.
Jesus’ words to his followers showed his disapproval of hoarding money, making wealth the capstone of a life, and believing that money will make us safe. But we sometimes miss another aspect of Jesus’ teachings: the importance of where we focus our attention.
As Christians around the world live through a period of discomfort in their household budgets, even thrift can bring them dangerously close to the errors often attributed to greed. Thrift can make austerity seem like a virtue for all times.
One story of the early church says that a fourth-century monk, Macarius, got a bunch of grapes and sent them to another monk, who sent them to another, and so on. Each craved the grapes, but none ate them. They eventually returned to Macarius, who still didn’t eat them. The monks had proved their ability to deny themselves.
Such denial can be a response to a belief that possessions are hot potatoes, things to be divested of before they ruin us. But far from solving an obsession with money and possessions, this form of living on as little as possible can result in miserliness.
Author Lucinda Kinsinger says, “If you’re focusing on thrift for the sake of being thrifty, you’ll just end up being a tightwad. If our focus is being a good steward, then we’re in a good place.”
Source: Susan Mettes, “Where Your Treasure Is,” CT magazine (November, 2023), p. 49-50
In his article “How America Got Mean,” David Brooks laments what he calls “the de-moralization of American culture.” Brooks notes that “over the course of the 20th century, words relating to morality appeared less and less frequently in the nation’s books:
According to a 2012 paper, usage of a cluster of words related to being virtuous also declined significantly. Among them were bravery (which dropped by 65 percent), gratitude (58 percent), and humbleness (55 percent). For decades, researchers have asked incoming college students about their goals in life. In 1967, about 85 percent said they were strongly motivated to develop “a meaningful philosophy of life”; by 2000, only 42 percent said that. Being financially well off became the leading life goal; by 2015, 82 percent of students said wealth was their aim.
Source: David Brooks, “How America Got Mean,” The Atlantic (9-23)
For years, Wendy’s has been known to be astute in its use of social media to bolster its brand. But recently the company was caught flat-footed, and had to quickly backpedal to defuse a potentially catastrophic public relations scandal.
It started with a corporate earnings call to investors. Wendy’s CEO Kirk Tanner said, “Beginning as early as 2025, we will begin testing more enhanced features like dynamic pricing.” Dynamic pricing is a practice wherein the cost of something fluctuates depending on external factors that affect the product’s demand, like the time of day, day of the week, or the popularity of the product.
In response to this earnings call, journalists likened it to the concept of surge pricing in rideshare apps like Uber and Lyft, where rides cost more or less depending on how many cars are on the road.
In response to this news, people on social began bashing Wendy’s, because of what they perceived to be another example of corporate greed. One user on X said, “Imagine standing in line and watching the price of a Frostee increase by $2 as soon as you get to the register.”
The company was forced to respond. Whether or not their response was a reversal of plans or simply a clarification of intent, the company released a statement saying that it had no plans for surge pricing. A spokesperson for Wendy’s said, “We said these menu boards would give us more flexibility to change the display of featured items. We have no plans to … raise prices when our customers are visiting us most.”
Analyst Jennifer Dublino understands the outrage, pointing to unfair practices by corporate behemoths like Ticketmaster that result in customers revolting in droves. She said, “If customers are confused or feel taken advantage of by fluctuating prices, they may opt to purchase from a competitor with fixed pricing.”
Those who pursue profits at the expense of everything else often face harsh consequences.
Source: Maxell Zeff, “Wendy’s Surge Pricing Is Off the Menu After Internet Beef,” Gizmodo (2-28-24)
The Supreme Court overturned the Professional and Amateur Sports Protection Act in 2018, quickly resulting in 38 states plus Wahsington D.C. jumping at the chance to increase tax revenue. Sports betting has since rocketed into an annual $7.5 billion industry. Men's Health surveyed 1,500 American men of whom placed bets in the last 12 months:
According to the National Council on Problem Gambling (NCPG), the US is experiencing the largest and fastest expansion of gambling in our nation’s history. According to the NCPG, "As sports betting becomes more and more accessible, the number of people who are likely to develop a gambling addiction will continue to increase.”
Addicted problem-gamblers inevitably face job and home loss, damaged relationships, suicidal thoughts, and legal issues. The average debt accrued is between $55,000 and $90,000. According to Timothy Fong, M.D., codirector of the UCLA gambling-studies program:
There’s a state of gambling withdrawal just like opiate withdrawal or alcohol withdrawal. When you’re not able to gamble or participate in gambling, your body and your brain react to it. It goes through sleeplessness, changes in appetite, sadness, depression, and anxiety.
Delusion and pride cause many gamblers to fall into the snare. Sports bettors specifically often have higher education and income levels. Many perceive the results of their gambling as being determined by their skills and knowledge rather than chance and luck, overestimating their ability to win. This is known as the delusion of expertise and can accelerate … the development of a gambling addiction.
Keith Whyte, executive director of the NCPG, notes that: “We call [gambling addiction] the hidden addiction. There are few, if any, outward physical signs, and it makes it a lot harder to track and detect.”
Source: Rachel Epstein, “The Human Cost of the Sports-Betting Boom,” Men’s Health (8-22-23)
Is a trip to Las Vegas becoming a thing of the past? A recent survey finds 4 in 10 gamblers have never actually set foot in a casino. A spokesperson for Online Betting Guide said, “Habits are changing all the time. Online gaming sites are becoming more and more popular, and in-person equivalents are evolving to meet the new needs.”
The results also show that 43% of gamblers feel an in-person casino has too many barriers to entry. Meanwhile, 32% just feel more confident behind their screen, with just 16% having more courage in the flesh. Another 22% fear they’ll look out of place in an actual betting parlor.
London (49%), Las Vegas (31%), and Paris (12%) are among the locations where respondents would most like to gamble in person. It also emerged that 83 percent feel the Internet has fundamentally changed the way people play.
Playing the lottery (53%), betting on sports (52%), and buying scratchers (41%) are the most common ways people indulge in a bit of gambling. However, 4 in 10 prefer games that require an element of skill, such as predicting sports scores or playing poker. Another 16% like to leave it to pure chance, playing games such as roulette.
As online gambling infiltrates society (and the church), there are more opportunities for temptation, people can hide their gambling addiction by not leaving their home. How many secret addicted gamblers are there in our churches?
Source: Editor, “Gambling, anonymously: 40% of bettors have never been in an actual casino,” Study Finds (8-25-23)
Would you invest with someone who guarantees a 50% annual return with no risk of loss? Would you reply to an email offering you a share of a lost treasure in a far-away country, in exchange for sending just a little bit of money to kickstart the recovery effort? Would you buy a Picasso or a Dali from a late-night infomercial?
We didn’t think so. But many people do fall for scams like these. Why? Are the victims uneducated, unintelligent, or constitutionally naïve? Unfortunately for all of us, the answer is no. Even people at the top of their professions can be taken in.
Several former cabinet secretaries were convinced to join the board of Theranos, whose founder, Elizabeth Holmes, was convicted of criminal fraud. Wealthy art collectors bought phony paintings from a famous Manhattan gallery. According to the FBI, phishing scams led to losses of more than $43 billion between 2016 and 2021.
In their book Nobody’s Fool: Why We Get Taken In and What We Can Do About It, two researchers write:
Frauds are ever evolving and can be complex and sophisticated, but even simple ploys can take us in … Most of the scams people fall for today are not really new; they are remixes and mashups of tricks that have worked for generations … Taking steps to avoid deception means we have to abandon the myth that only the gullible can be taken in. There are scams out there waiting for each of us, no matter how sophisticated we think we are. Rather than “it can’t happen to me,” your mantra should be “accept less, check more.”
1) Money; Finances – Even the financially savvy can be taken in by a lack of vigilance or a desire for quick profits or a slick sales pitch; 2) Deceiver; Deception; Satan – This is especially good advice for our defense against our spiritual enemy, Satan. He has thousands of years of experience in deceiving people and we must keep our grip on the shield of faith and the sword of the Spirit (Eph. 6:10-17).
Source: Daniel Simons and Christopher Chabris, “Why We Get Scammed and What to Do About It,” The Wall Street Journal (7-7-23)
An article in the Wall Street Journal makes the following claim: “America’s turn toward lawlessness is nowhere more evident than at retail stores, where these days even toothpaste is often under lock and key. Now Brian Cornell, the CEO of Target Corp., has put a number on the cost of “inventory shrinkage,” which is mostly theft: $500 million in lower profits this year (2023).
Cornell says, “The unfortunate fact is violent incidents are increasing at our stores and across the entire retail industry. And when products are stolen, simply put, they are no longer available for guests who depend on them.”
The National Retail Federation calls it ORC or organized retail crime. In a recent report they warned of the increasing endorsement and even celebration of theft. The report stated, “Videos tagged with terms related to shoplifting have accumulated millions of views on social media platforms such as TikTok, and broader social acceptance of retail theft or indifference about purchasing stolen goods suggests ORC perpetrators could face relatively less public shame than other criminals if ORC practices gain greater cultural resonance.” In other words, stealing is now cool.
Source: The Editorial Board, “The Target of Runaway Theft,” The Wall Street Journal (5-21-23)
In August 2021, sports fans took note of the lopsided outcome of a football game meant to showcase the talents of highly touted high school prep stars. Broadcast on ESPN, the game was a shellacking, as IMG Academy triumphed over Bishop Sycamore, 58-0. The hapless Bishop Sycamore team was likened to the Washington Generals, the basketball club that served as traveling patsies for the world-famous Harlem Globetrotters. But after a recent documentary aired, audiences began to realize that this story was no laughing matter.
BS High was directed by Academy Award winners Martin Roe and Travon Free and aired on HBO. It tells the story of Roy Johnson, the coach who recruited and assembled the motley crew of football talent, promising them to deliver their dreams of college football stardom. Though it focuses mostly on Johnson, the documentary widens its lens to capture an unflattering portrait of all the various grifters who prey on high school athletes. Washington Post columnist Jerry Brewer called it “a thorough indictment of the youth sports ecosystem.”
Roe said in a recent interview “We didn’t approach this thing to find a villain. He turned out to be an incorrigible liar. We worked pretty hard to fight for the deepest truths we could uncover.” The documentary contains several disturbing allegations, including Johnson forging a check to pay for lodging, taking out COVID-19 relief loans in his players’ names, whipping a homeless man with a belt, and driving over geese to prove a point to his players.
Free said, “I hope parents who see this will realize the need to pay closer attention to the system and what it’s doing to their children. There were so many heartbreaking stories. That was one of the hardest things for me, having to watch a young person in real time confront emotions he never wanted to confront.”
Source: Derry Brewer, “Remember Bishop Sycamore? In new film, fake school shows its real scars.,” The Washington Post (8-23-23)
In his book Adrift, Scott Galloway details how America is losing its strong middle class:
In 1965, the chiefs of America's largest 350 companies by revenue made 21 times the average compensation of their industries’ workers. In 2020, the CEO-to-worker compensation ratio shot up to 351 times that of their workers. Since 1960, corporate profits have gone up 85 times; employee wages have gone up only 38 times. Between 1979 and 2013, the bottom 99% of Americans saw their wages go up about 18%. The top 1% of Americans saw their wages go up 140%.
The result is that kindergartners with good grades from poor families are less likely to graduate from high school, graduate from college, or earn a higher wage than their affluent peers with bad grades. At 38 colleges, including five of the Ivies, there are more students from the top 1% of the U.S. income scale than from the bottom 60%.
Source: Scott Galloway, Adrift (Portfolio, 2022), pp. 89-92