Reading

Created
Wed, 26/07/2023 - 00:30
The all-circus, no-bread party Polling suggests (as I wrote earlier) that Americans really don’t get that things are looking up for them economically. Inflation is down — down by 44% — from last September. Unemployment is at record lows in many states, the lowest in 54 years in February. What Republicans cannot afford is for voters to notice. So it’s culture wars a-go-go (Politico): Republican policy riders seeking to limit diversity efforts, drag shows, Pride flag displays and promotion of critical race theory are rife throughout the House’s dozen proposed annual spending bills, including those that would fund the national parks, pay for roads or maintain U.S. embassies abroad. The cascade of social issues turning up in the must-pass bills is noteworthy for how it’s pervaded this year’s appropriations process — and for how the GOP concerns have spread far beyond top-tier conservative causes such as limiting abortions and gender-affirming care.
Created
Tue, 25/07/2023 - 23:28

In 1963, the summer I turned 11, my mother had a gig evaluating Peace Corps programs in Egypt and Ethiopia. My younger brother and I spent most of that summer in France. We were first in Paris with my mother before she left for North Africa, then with my father and his girlfriend in a tiny town on the Mediterranean. (In the middle of our six-week sojourn there, the girlfriend ran off to marry a Czech she’d met, but that’s another story.) In Paris, I saw American tourists striding around in their shorts and sandals, cameras slung around their necks, staking out positions in cathedrals and museums. I listened to my mother’s commentary on what she considered their boorishness and... Read more

Created
Tue, 25/07/2023 - 23:00
The banks know it. Why don’t more Americans? Those folkloric man-on-the-street (or in a rural diner) puff pieces are as infuriating as they are uninformative. They do, however, reinforce false, often minority, impressions of what’s really happening in the country, Timothy Noah argues in The New Republic. Misinforming tales abound (his mock example): “People Believe Stuff That Isn’t True, but They Feel Like It Is True, So Let’s Give Them a Hearing Because We Don’t Want to Seem Elitist.” Outlets such as The Wall Street Journal regularly hand Joe Everyman a megaphone and let him expound on microchips in vaccines, schoolteachers “trying to turn your children gay or trans,” and the crappy Biden economy that isn’t. Given a platform, uninformed views steer public opinion by making the wrong seem right. Polling later confirms that people think the economy sucks. It doesn’t. Ask Morgan Stanley.
Created
Tue, 25/07/2023 - 23:00

Daniel Brock Johnson’s second book of poetry, Shadow Act: An Elegy for Journalist James Foley, is a representation of the relationship between two friends. On the one hand, the journalist James Foley. On the other, the poet. It’s as if the two men were bound together so deeply and eerily that their lives are each other’s shadows. Foley’s adventures—he is eventually murdered abroad—may seem utterly opposite to the quieter life of the poet, but the letters the two men exchange—some of which drive the poetry in this collection—are only part of the revelation that Foley’s hunger for the scene of action, the war zone, the story is drenched in a longing for peace. Just as the poet’s peace reposes at the edge of all the violence and turmoil of our times. Worked out over poems that vary dramatically in shape and style, and that move from the terse and lyrical to the long-lined and prosaic call of grief, this collection is a dazzling display.

Created
Tue, 25/07/2023 - 22:20
On 28 June, the parliamentary session’s final Senedd cross-party group (CPG) on digital rights and democracy, of which Open Rights Group (ORG) acts as secretariat, took place online with over 20 attendees tuning in to hear a follow-up to a previous group session on facial recognition technology.  During the last meeting in February, we discussed the landmark […]
Created
Tue, 25/07/2023 - 22:00

[CHERYL and ADAM sit on a designer couch in their West Village apartment that they can afford even though they don’t really seem to work. SARA enters.]

SARA: Steve broke up with me!

ADAM: Aw, sweetie, there are plenty of fish in the sea.

CHERYL (gesticulating with a Bop It): Which makes it statistically unlikely you’ll ever find your perfect match.

SARA and ADAM (hands on hips, smiling): Cheryl!

- - -

[CHERYL and SUSAN shop for lavish dresses even though it’s not really clear whether they have jobs that pay them enough to afford this lifestyle. DAVE enters.]

DAVE: Well, it’s over. Jill said she never wants to see me again!

SUSAN: It’s not you; it’s her.

Created
Tue, 25/07/2023 - 19:56

On the face of it, you might expect North of Tyne Mayor Jamie Driscoll to be despondent about his political future. Elected in May 2019 with 34 percent of first preference votes, the left-wing regional leader was blocked from Labour’s shortlist for the broader position of North East Mayor by Keir Starmer and his allies. […]

Created
Tue, 25/07/2023 - 19:22
How To Reduce Inflation And Create A Good Economy

Right now we have central banks attempting to control inflation by crushing wages. But wage-push demand isn’t the primary driver of inflation, it is corporate profit taking (increasing prices much faster than their costs) and some genuine supply bottlenecks.

This cannot be fixed by central banks except by smashing ordinary people flat, and in certain senses not even then, since it will lead to long term maldistribution of resources which will lead to real economic problems in the future: problems not based on distribution or finance, but on lack of physical ability to create what we need.

If we want to fix this we have to make it so that those who control economic decision making can only do well if the population as a whole does well. That means politicians who want to help the population (not 90% of European or American pols) and corporate leaders who need the population to do well.

Created
Tue, 25/07/2023 - 18:00
May Rostom On average, parental contributions help children buy homes four years earlier than those without them. Out of every 100 new homeowners below the age of 30, 16 will have had help from ‘the Bank of Mum and Dad’, or Bomad for short. That rises to one in four new homeowners under the age … Continue reading Bomadland: How the Bank of Mum and Dad helps kids buy homes