Reading

Created
Thu, 11/04/2024 - 23:00

Callie Siskel’s Two Minds is neither minimalist nor maximalist, but the spareness and efficiency speak volumes—and sometimes speak in long lines, sometimes short—making an art of saying as little as possible, but crucially no less. What’s left out presses upon what remains, and what remains is both substantial and hard as stone. Here’s the beginning of “Invitation,” which begins with an invitation:

My initials curled inside the oval like three robins
crowding a tree hollow.

The cardstock was beveled, the envelopes lined in airy pink paper.

My father was dying

quietly like the sound of his pen lifting
then touching down again.

Created
Thu, 11/04/2024 - 22:00

Millennials mill around a circle of chairs and a coffee station. They settle into seats and begin the weekly meeting of people whose friends have all moved to Los Angeles. This group is known as “We Have Yearning (for Those Who Moved to) Los Angeles” or WHYLA.

FACILITATOR KERRY: Good morning. Thank you all for coming—and for continuing to support one another as we pine for friends who have decamped for West Hollywood, Silver Lake, Culver City, or another area in LA for opportunities in the film industry, or simply because they like the sun. I say “area in LA” because I heard that some parts of LA are actually their own little cities, but they feel like neighborhoods, so I’m being vague because I don’t really understand.

VARIOUS GROUP MEMBERS: (overlapping) Me neither! Same!

FACILITATOR KERRY: Our guest speaker today is Jenny, who, as some of you know, has lost three friends to Los Angeles.

Created
Thu, 11/04/2024 - 20:36

On 18 March, the Metropolitan Police’s cyber-crimes unit announced it had launched an investigation into the Labour Party’s selection process for the new seat of Croydon East. The contest had been suspended following allegations that members’ details had been tampered with — allegations since confirmed by party sources. Joel Bodmer, a candidate on the party’s […]

Created
Thu, 11/04/2024 - 19:11
Överskottsmålet är ett hål i huvudet. Riksbanken kommer inte att nå sitt inflationsmål. Euron är dysfunktionell och eurokrisen kommer tillbaka vid nästa recession. Se där tre bra utgångspunkter för den som vill förstå hur ekonomin kommer att utvecklas det närmaste året. Låter det både stolligt, alarmistiskt och populistiskt? Möjligt, men det finns en röd tråd […]
Created
Thu, 11/04/2024 - 18:00
Natalie Burr, Julian Reynolds and Mike Joyce Monetary policymakers have a number of tools they can use to influence monetary conditions, in order to maintain price stability. While central banks typically favour short-term policy rates as their primary instrument, when policy rates remained constrained at near-zero levels following the global financial crisis (GFC), many central … Continue reading To the lower bound and back: measuring UK monetary conditions
Created
Thu, 11/04/2024 - 11:30
This paper explores the merits of introducing a retail central bank digital currency (CBDC) in Australia, focusing on the extent to which consumers would value having access to a digital form of money that is even safer and potentially more private than commercial bank deposits. To conduct our exploration we run a discrete choice experiment, which is a technique designed specifically for assessing public valuations of goods without markets. The results suggest that the average consumer attaches no value to the added safety of a CBDC. This is consistent with bank deposits in Australia already being perceived as a safe form of money, and physical cash issued by the Reserve Bank of Australia continuing to be available as an alternative option. Privacy settings of a CBDC, which can take various forms, look more consequential for the CBDC value proposition. We find no clear relationship between safety or privacy valuations and the degree of consumers' cash use.
Created
Thu, 11/04/2024 - 09:30
The GOP establishment is pathetic: A Pulitzer Prize-winning political photographer resigned Tuesday from the board of the Gerald R. Ford Presidential Foundation, blasting the group for cowardice in rejecting Trump critic Liz Cheney as the recipient of its top yearly award. David Hume Kennerly claimed in a letter to fellow trustees that Cheney’s nomination for the Gerald R. Ford Medal for Distinguished Public Service was nixed largely out of fear that Trump would retaliate against the organization if he’s reelected. Cheney, herself a trustee, was rejected three separate times, Kennerly wrote, as other potential honorees declined the award. Former Indiana Gov. Mitch Daniels will receive the 2024 medal in June, according to an email that Gleaves Whitney, the foundation’s executive director, sent to trustees Wednesday, after POLITICO broke news of Kennerly’s resignation. Whitney said in a statement sent ahead of the Daniels announcement that the foundation’s executive committee, guided by legal counsel, believed it was not “prudent” to give the medal to Cheney given her flirtations with a presidential run.
Created
Thu, 11/04/2024 - 08:00
Would he? (Of course he would.) Trump’s allies are trying to reassure the Supreme Court that if you give Trump total immunity he would never order an enemy to be killed as was posited in the appeals court hearing. And anyway, even if he did, nobody would carry it out. So it’s all good. It is not: As the Supreme Court gets ready to hear oral arguments in Donald Trump’s presidential immunity case, the former president’s allies are working to tamp down any concerns the justices might have about one of the more absurd and disconcerting arguments offered by any Trump lawyer ever: that a president would have to be impeached and convicted before he could be prosecuted if he were to, hypothetically, order the assassination of a political rival. The America First Policy Institute, a think tank led by former top Trump advisers and allies, filed an amicus brief with the Supreme Court last month arguing that the justices should not consider this hypothetical in their decision, because the military would never follow such a command.