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Javier E

Book review - The Dawn of Everything: A New History of Humanity | The Inquisitive Biolo... - 0 views

  • Every few years, it seems, there is a new bestselling Big History book. And not infrequently, they have rather grandiose titles.
  • , I hope to convince you why I think this book will stand the test of time better.
  • First, rather than one author’s pet theory, The Dawn of Everything is the brainchild of two outspoken writers: anthropologist David Graeber (a figurehead in the Occupy Wall Street movement and author of e.g. Bullshit Jobs) and archaeologist David Wengrow (author of e.g. What Makes Civilization?). I expect a large part of their decade-long collaboration consisted of shooting holes in each other’s arguments
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  • ather than yet another history book telling you how humanity got here, they take their respective disciplines to task for dealing in myths.
  • this thought-provoking book is armed to the teeth with fascinating ideas and interpretations that go against mainstream thinking
  • Colonisation exposed us to new ideas that shocked and confused us. Graeber & Wengrow focus on the French coming into contact with Native Americans in Canada, and in particular on Wendat Confederacy philosopher–statesman Kandiaronk as an example of European traders, missionaries, and intellectuals debating with, and being criticized by indigenous people. Historians have downplayed how much these encounters shaped Enlightenment ideas.
  • Its legacy, shaped via several iterations, is the modern textbook narrative: hunter-gathering was replaced by pastoralism and then farming; the agricultural revolution resulted in larger populations producing material surpluses; these allowed for specialist occupations but also needed bureaucracies to share and administer them to everyone; and this top-down control led to today’s nation states. Ta-daa!
  • And cities did not automatically imply social stratification. The Dawn of Everything fascinates with its numerous examples of large settlements without ruling classes, such as Ukrainian mega-sites, the Harappan civilization, or Mexican city-states.
  • ake agriculture. Rather than humans enthusiastically entering into what Harari in Sapiens called a Faustian bargain with crops, there were many pathways and responses
  • Experiments show that plant domestication could have been achieved in as little as 20–30 years, so the fact that cereal domestication here took some 3,000 years questions the notion of an agricultural “revolution”. Lastly, this book includes many examples of areas where agriculture was purposefully rejected. Designating such times and places as “pre-agricultural” is misleading, write the authors, they were anti-agricultural.
  • The idea that agriculture led to large states similarly needs revision
  • correlation is not causation, and some 15–20 additional centres of domestication have since been identified that followed different paths. Some cities have previously remained hidden in the sediments of ancient river deltas until revealed by modern remote-sensing technology.
  • “extensive agriculture may thus have been an outcome, not a cause, of urbanization”
  • this simplistic tale of progress ignores and downplays that there was nothing linear or inevitable about where we have ended up.
  • These instead relied on collective decision-making through assemblies or councils, which questions some of the assumptions of evolutionary psychology about scale: that larger human groups require complex (i.e. hierarchical) systems to organize them.
  • e what is staring them in the face
  • humans have always been very capable of consciously experimenting with different social arrangements. And—this is rarely acknowledged—they did so on a seasonal basis, spending e.g. part of the year settled in large communal groups under a leader, and another part as small, independently roving bands.
  • Throughout, Graeber & Wengrow convincingly argue that the only thing we can say about our ancestors is that “there is no single pattern. The only consistent phenomenon is the very fact of alteration […] If human beings, through most of our history, have moved back and forth fluidly between different social arrangements […] maybe the real question should be ‘how did we get stuck?
  • Next to criticism, the authors put out some interesting ideas of their own, of which I want to quickly highlight two.
  • The first is that some of the observed variations in social arrangements resulted from schismogenesis. Anthropologist Gregory Bateson coined this term in the 1930s to describe how people define themselves against or in opposition to others, adopting behaviours and attitudes that are different.
  • The second idea is that states can be described in terms of three elementary forms of domination: control of violence, control of information, and individual charisma, which express themselves as sovereignty, administration, and competitive politics.
  • Our current states combine these three, and thus we have state-endorsed violence in the form of law enforcement and armies, bureaucracy, and the popularity contests we call elections in some countries, and monarchs, oligarchs, or tyrants in other countries. But looking at history, there is no reason why this should be and the authors provide examples of societies that showed only one or two such forms of control
  • Asking which past society most resembles today’s is the wrong question to ask. It risks slipping into an exercise in retrofitting, “which makes us scour the ancient world for embryonic versions of our modern nation states”
  • I have left unmentioned several other topics: the overlooked role of women, the legacy of Rousseau’s and Hobbes’s ideas, the origins of inequality and the flawed assumptions hiding behind that question
  • There are so many historical details and delights hiding between these covers that I was thoroughly enthralle
  • If you have any interest in big history, archaeology, or anthropology, this book is indispensable. I am confident that the questions and critiques raised here will remain relevant for a long time to come.
  • I was particularly impressed by the in-depth critique by worbsintowords on his YouTube channel What is Politics? of (so far) five videos
Javier E

Timothy Keller: Becoming Stewards of Hope-Part 1 - outreachmagazine.com - 0 views

  • Imagine if you were middle-aged in 1948. You’d have lived through a worldwide influenza pandemic, two world wars and an economic depression all within the space of about 40 years. Life seemed fragile. It felt like anything could happen. Nothing seemed secure.
  • I was born two years after Auden’s Pulitzer, in 1950. The feeling was that even if there were, say, an economic downturn, things would be better afterward than they had been before. We just assumed that our lives and society were going to get better and better. There was a long period in the second half of the 20th century, in which the anxiety that had defined the first half went away. For a couple generations we lived largely free of insecurity about the world in which we lived.
  • Steven Pinker, a Harvard psychologist, observes that empirically we are living healthier and longer lives. Nevertheless, people feel more culturally and emotionally dislocated than ever. Younger generations are experiencing far more depression and anxiety than those that came before them. We can feel the cultural anxiety today. There’s a real pessimism about the future that I’ve not seen in my lifetime. We find ourselves in a new age of anxiety.
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  • That was a very new idea, this idea of progress. It is not the way most people in history have understood their times. Most ancient peoples either saw history as cyclical or as declining from a past golden age. Nobody thought that humanity’s best years were ahead. Nisbet said that this idea came originally out of Christianity, but then during the Enlightenment it had been secularized.
  • Instead of seeking to ground that optimism in the fact that God has the future in his hands, we collectively said, “No, we’ve got the future in our hands.” That particular story about the human race, which is a modern and Western story, started to lose altitude in the first part of the 20th century. Although there was a small uptick, it went on life support as decades passed. I would say it’s really dying now.
  • Mark Lilla has written a couple of interesting books, one on the conservative mind and one on the liberal mind
  • conservatives have a nostalgia for the past. They feel like things are getting worse. Liberals and progressives have the opposite perspective. They see the past as being horrible. They think our hope is in the future. Even Lilla, who is not a believer, noted that Christianity had a different story than either. He observed that Saint Augustine’s book The City of God rejected both conservative and liberal perspectives.
  • Augustine believed that “the city of man” is bad and “the city of God” is good, and that eventually the city of God is going to supplant the city of man. He said you cannot identify any particular political order or any particular city of man with the city of God, and that our true hope lies in the new heavens and earth of the future. That gets rid of the conservative idea that that everything in the past was better and there is no hope. However, it also gets rid of the liberal idea that if we all just pull ourselves together we can bring about the city of God on earth. It gives us a chastened hope for the future rather than a utopian one.
  • Christian distinctives push against culture. But then we go into the culture with our hope. We simply try to be Christians in the culture, living with integrity and compassion
  • The gospel creates virtues in Christians. If Christians multiply in the culture, we can work for a more just society. And even if we do not immediately bring about a perfectly just society, we have the hope that eventually that’s going to be established on earth by God.
  • We do not have to become the darkness to bring this about. We do not have to say, “Well, we have to break eggs to make an omelet.” We do not have to trample on people because we think that is our only hope for a better world. It is not
  • We can remain faithful in our hope, even if it means that we ourselves do not necessarily see the immediate success we want. To be hopeful means to do what we are supposed to do because our eventual prospects are certain.
  • There is a famous short story by J.R.R. Tolkien called “Leaf by Niggle.” Niggle is a painter who spends his entire life trying to paint a mural of a tree. By the end of his life, he has only gotten one leaf completed. Then he dies. But when he gets to heaven, he sees the tree that was always there in his mind. That is the way of the Christian
  • My son Jonathan is an urban planner. In his mind, he has all these exciting ideas about what a great city would look like. Well, as a Christian, he realizes that in his entire life he may only get one “leaf” done of his beautiful vision. We all face that reality. Nevertheless, we live with the hope that there will be a tree. There will be a city. There is going to be a just society. Beauty will be here. Poverty and war will be gone. We are not the saviors. Instead, hope can set us free from both the despair of nihilism and the naivety of utopianism.
  • The word hope in English has declined in meaning. We use it as if it were a pleasant wish. What you are describing, like the Bible’s definition, is obviously richer.
  • We have a translation problem. Like the word shalom, which is usually translated into English as “peace.
  • In English, hope can mean the opposite of the biblical sense—to be uncertain. If you say, “I know it’s going to happen,” that is certainty. If you say, “I hope it will happen,” that is uncertainty
  • The Greek word elpis means assurance of the future—assured anticipation. You are sure of your hope. Quite the opposite of how we typically use the word in English.
  • Eventually everybody will get to the place where it matters personally whether the resurrection of Jesus Christ really happened. Because if it did, then there is hope for you, no matter what happens
  • I did not want to try to redo what N.T. Wright did. He wrote what is in my opinion the best book on the resurrection in the last 100 years, The Resurrection of the Son of God. He traces significant evidence that the resurrection accounts were not merely made up. They have all the marks of historic eyewitness testimony—including bizarre details no one would include in a fictional account.
  • Wright said there were only two ways that people had ever thought of resurrection before Jesus. The first was as resuscitation—like Lazarus. The person was dead, then something miraculous happens and he gets up out of the tomb, in which case you recognize him because he still looks the same, right? The second idea of resurrection is of the transformation of the person into an angelic or radiant being. But the idea that Jesus Christ was raised from the dead as recognizable, yet somehow different from the way he had looked before his death (so much so that even his closest friends didn’t at first recognize him) is so utterly counterintuitive. No one would have made that up.
  • Why does the resurrection matter? Well, as one reason among billions, because I have cancer. Because one of the things you do when you have cancer is ask how you are going to deal with it. That experience has required that I increase my hope, by reading the Word, especially on the resurrection of Jesus. Because if he were raised from the dead, then basically, it is going to be OK. If he were raised from the dead, then Christianity is basically right, and the hope it gives is an infallible hope.
  • as a mortal person facing his own death, the resurrection brings perspective to our theology. At this stage in my life, I am looking at the big things of which I can be sure
  • when it comes to the resurrection? If I am sure of that, then I am OK. I can handle anything that life—or death—throws at me.
Javier E

(2) What Was the 'Soviet Century'? - by André Forget - Bulwark+ - 0 views

  • Schlögel makes the argument that the Soviet Union is best understood not primarily as the manifestation of rigid Communist ideology, but as an attempt to transform an agrarian peasant society into a fully modern state
  • “A ‘Marxist theory,’” he writes, “yields very little for an understanding of the processes of change in postrevolutionary Russia. We get somewhat nearer the mark if we explore the scene of a modernization without modernity and of a grandiose civilizing process powered by forces that were anything but civil.” In other words, the interminable debates about whether Lenin was the St. Paul of communism or its Judas Iscariot are beside the point: As a Marxist might put it, the history of the Soviet Union is best explained by material conditions.
  • the story one pieces together from his chapters goes something like this. In the years between 1917 and 1945, the Russian Empire ceased to be a semi-feudal aristocracy governed by an absolutist monarch whose rule rested on divine right, and became an industrialized state. It dammed rivers, electrified the countryside, built massive factories and refineries, collectivized agriculture, raised literacy rates, set up palaces of culture, created a modern military, and made the Soviet Union one of the most powerful countries in the world. In the course of doing so, it sent some of its best minds into exile, crippled its system of food production, set up a massive network of prison camps, watched millions of its citizens die of hunger, killed hundreds of thousands more through slave labor and forced relocation, and executed a generation of revolutionary leaders. It did all this while surviving one of the most brutal civil wars of the twentieth century and the largest land invasion in history.
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  • Over the next forty-five years, it tried to establish a solid basis for growth and prosperity. It launched an ambitious housing program to create living spaces for its massive and rapidly urbanizing population, and to nurture the growth of a Soviet middle class that had access to amenities and luxury goods. At the same time, it systematically blocked this new middle class from exercising its creative faculties outside a narrow range of approved topics and ideological formulas, and it could not reliably ensure that if someone wanted to buy a winter coat in December, they could find it in the shop. It created a state with the resources and technology to provide for the needs of its citizens, but that was unable to actually deliver the goods.
  • The USSR moved forward under the weight of these contradictions, first sprinting, then staggering, until it was dismantled by another revolution, one that was orchestrated by the very class of party elites the first one had produced. But the states that emerged from the Soviet Union in 1991, and the people who lived in them, had undergone a profound change in the process.
  • Schlögel argues that over its sixty-eight years of existence, the Soviet Union did succeed in its goal of creating a “new Soviet person” (novy sovetsky chelovek). But, as he puts it,The new human being was the product not of any faith in a utopia, but of a tumult in which existing lifeworlds were destroyed and new ones born. The “Homo Sovieticus” was no fiction to be casually mocked but a reality with whom we usually only start to engage in earnest when we realize that analyzing the decisions of the Central Committee is less crucial than commonly assumed
  • Placing the emphasis on modernization rather than ideology allows Schlögel to delineate oft-ignored parallels and connections between the USSR and the United States. In the 1930s, especially, there was a great deal of cultural and technical collaboration between U.S. citizens and their Soviet counterparts, which led to what Hans Rogger called “Soviet Americanism” (sovetsky amerikanizm). “In many respects,” Schlögel writes, Soviet citizens “felt closer to America; America had left behind the class barriers and snobbery of Old Europe. America was less hierarchical; you could rise socially, something otherwise possible only in postrevolutionary Russia, where class barriers had broken down and equality had been universally imposed by brute force.”
  • As each rose to a position of global economic, political, and military predominance, the British Empire and the United States divided the world into “white” people, who had certain inalienable rights, and “colored” people who did not. The USSR, rising later and faster, made no such distinctions. An Old Bolshevik who had served the revolution for decades was just as likely to end their life freezing on the taiga as a Russian aristocrat or a Kazakh peasant.
  • Pragmatism and passion were certainly present in the development of the USSR, but they were not the only inputs. Perhaps the crucial factor was the almost limitless cheap labor supplied by impoverished peasants driven off their land, petty criminals, and political undesirables who could be press-ganged into service as part of their “reeducation.”
  • Between 1932 and 1937, the output of the Dalstroy mine went from 511 kilograms of gold to 51.5 tons. The price of this astonishing growth was paid by the bodies of the prisoners, of whom there were 163,000 by the end of the decade. The writer Varlam Shalamov, Schlögel’s guide through this frozen Malebolge, explains it this way:To turn a healthy young man, who had begun his career in the clean winter air of the gold mines, into a goner, all that was needed, at a conservative estimate, was a term of twenty to thirty days of sixteen hours of work per day, with no rest days, with systematic starvation, torn clothes, and nights spent in temperatures of minus sixty degrees in a canvas tent with holes in it, and being beaten by the foremen, the criminal gang masters, and the guards.
  • There is no moral calculus that can justify this suffering. And yet Schlögel lays out the brutal, unassimilable fact about the violence of Soviet modernization in the 1930s: “Without the gold of Kolyma . . . there would have been no build-up of the arms industries before and during the Soviet-German war.” The lives of the workers in Kolyma were the cost of winning the Second World War as surely as those of the soldiers at the front.
  • Of the 250,000 people, most of them prisoners,1 involved in building the 227-kilometer White Sea Canal, around 12,800 are confirmed to have died in the process. Even if the actual number is higher, as it probably is, it is hardly extraordinary when set against the 28,000 people who died in the construction of the 80-kilometer Panama Canal (or the 20,000 who had died in an earlier, failed French attempt to build it), or the tens of thousands killed digging the Suez Canal
  • it is worth noting that slave labor in mines and building projects, forced starvation of millions through food requisitions, and the destruction of traditional lifeworlds were all central features of the colonial projects that underwrote the building of modernity in the U.S. and Western Europe. To see the mass death caused by Soviet policies in the first decades of Communist rule in a global light—alongside the trans-Atlantic slave trade, the genocide of Indigenous peoples in Africa and the Americas, and the great famines in South Asia—is to see it not as the inevitable consequence of socialist utopianism, but of rapid modernization undertaken without concern for human life.
  • But Soviet Americanism was about more than cultural affinities. The transformation of the Soviet Union would have been impossible without American expertise.
  • Curiously enough, Schlögel seems to credit burnout from the era of hypermobilization for the fall of the USSR:Whole societies do not collapse because of differences of opinion or true or false guidelines or even the decisions of party bosses. They perish when they are utterly exhausted and human beings can go on living only if they cast off or destroy the conditions that are killing them
  • it seems far more accurate to say that the USSR collapsed the way it did because of a generational shift. By the 1980s, the heroic generation was passing away, and the new Soviet people born in the post-war era were comparing life in the USSR not to what it had been like in the bad old Tsarist days, but to what it could be like
  • Schlögel may be right that “Pittsburgh is not Magnitogorsk,” and that the U.S. was able to transition out of the heroic period of modernization far more effectively than the USSR. But the problems America is currently facing are eerily similar to those of the Soviet Union in its final years—a sclerotic political system dominated by an aging leadership class, environmental degradation, falling life expectancy, a failed war in Afghanistan, rising tensions between a traditionally dominant ethnic group and freedom-seeking minorities, a population that has been promised a higher standard of living than can be delivered by its economic system.
  • given where things stand in the post-Soviet world of 2023, the gaps tell an important story. The most significant one is around ethnic policy, or what the Soviet Union referred to as “nation-building” (natsional‘noe stroitel‘stvo).
  • In the more remote parts of the USSR, where national consciousness was still in the process of developing, it raised the more profound question of which groups counted as nations. When did a dialect become a language? If a nation was tied to a clearly demarcated national territory, how should the state deal with nomadic peoples?
  • The Bolsheviks dealt with this last problem by ignoring it. Lenin believed that “nationality” was basically a matter of language, and language was simply a medium for communication.
  • Things should be “national in form, socialist in content,” as Stalin famously put it. Tatar schools would teach Tatar children about Marx and Engels in Tatar, and a Kyrgyz novelist like Chinghiz Aitmatov could write socialist realist novels in Kyrgyz.
  • Unity would be preserved by having each nationality pursue a common goal in their own tongue. This was the reason Lenin did not believe that establishing ethno-territorial republics would lead to fragmentation of the Soviet state
  • Despite these high and earnest ideals, the USSR’s nationalities policy was as filled with tragedy as the rest of Soviet history. Large numbers of intellectuals from minority nations were executed during the Great Purge for “bourgeois nationalism,” and entire populations were subject to forced relocation on a massive scale.
  • In practice, Soviet treatment of national minorities was driven not by a commitment to self-determination, but by the interests (often cynical, sometimes paranoid) of whoever happened to be in the Kremlin.
  • The ethnic diversity of the USSR was a fundamental aspect of the lifeworlds of millions of Soviet citizens, and yet Schlögel barely mentions it.
  • As is often the case with books about the Soviet Union, it takes life in Moscow and Leningrad to be representative of the whole. But as my friends in Mari El used to say, “Moscow is another country.”
  • None of this would matter much if it weren’t for the fact that the thirty years since the dismantling of the USSR have been defined in large part by conflicts between and within the successor states over the very questions of nationality and territory raised during the founding of the Soviet Union.
  • in the former lands of the USSR, barely a year has gone since 1991 without a civil war, insurgency, or invasion fought over control of territory or control of the government of that territory in Central Asia, the Caucasus, and Eastern Europe.
  • Russia’s full-scale invasion of Ukraine in February 2022 euthanized any remaining hopes that globalization and integration of trade would establish a lasting peace in Eastern Europe. The sense of possibility that animates Schlögel’s meditations on post-Soviet life—the feeling that the lifeworld of kommunalkas and queues had given way to a more vivacious, more dynamic, more forward-looking society that was bound to sort itself out eventually—now belongs definitively to the past. Something has been broken that cannot be fixed.
  • It is worth noting (Schlögel does not) that of the institutions that survived the dismantling of the Soviet state, the military and intelligence services and the criminal syndicates were the most powerful, in large part because they were so interconnected. In a kind of Hegelian shit-synthesis, the man who established a brutal kind of order after the mayhem of the nineteen-nineties, Vladimir Putin, has deep ties to both. The parts of Soviet communism that ensured a basic standard of living were, for the most part, destroyed in the hideously bungled transition to a market economy. Militarism, chauvinism, and gangster capitalism thrived, as they still do today.
  • Perhaps it is now possible to see the Soviet century as an anomaly in world history, an interregnum during which two power blocks, each a distorted reflection of the other, marshaled the energies of a modernizing planet in a great conflict over the future. The United States and the USSR both preached a universal doctrine, both claimed they were marching toward the promised land.
  • The unipolar moment lasted barely a decade, and we have now fallen through the rotten floor of American hegemony to find ourselves once again in the fraught nineteenth century. The wars of today are not between “smelly little orthodoxies,” but between empires and nations, the powerful states that can create their own morality and the small countries that have to find powerful friends
  • the key difference between 2023 and 1900 is that the process of modernization is, in large parts of the world, complete. What this means for great-power politics in the twenty-first century, we are only beginning to understand.
Javier E

Ex-ByteDance Executive Accuses TikTok Parent Company of 'Lawlessness' - The New York Times - 0 views

  • A former executive at ByteDance, the Chinese company that owns TikTok, has accused the technology giant of a “culture of lawlessness,” including stealing content from rival platforms Snapchat and Instagram in its early years, and called the company a “useful propaganda tool for the Chinese Communist Party.
  • The claims were part of a wrongful dismissal suit filed on Friday by Yintao Yu, who was the head of engineering for ByteDance’s U.S. operations from August 2017 to November 2018. The complaint, filed in San Francisco Superior Court, says Mr. Yu was fired because he raised concerns about a “worldwide scheme” to steal and profit from other companies’ intellectual property.
  • Among the most striking claims in Mr. Yu’s lawsuit is that ByteDance’s offices in Beijing had a special unit of Chinese Communist Party members sometimes referred to as the Committee, which monitored the company’s apps, “guided how the company advanced core Communist values” and possessed a “death switch” that could turn off the Chinese apps entirely.
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  • The video app, which is used by more than 150 million Americans, has become hugely popular for memes and entertainment. But lawmakers and U.S. officials are concerned that the app is passing sensitive information about Americans to Beijing.
  • In his complaint, Mr. Yu, 36, said that as TikTok sought to attract users in its early days, ByteDance engineers copied videos and posts from Snapchat and Instagram without permission and then posted them to the app. He also claimed that ByteDance “systematically created fabricated users” — essentially an army of bots — to boost engagement numbers, a practice that Mr. Yu said he flagged to his superiors.
  • Mr. Yu says he raised these concerns with Zhu Wenjia, who was in charge of the TikTok algorithm, but that Mr. Zhu was “dismissive” and remarked that it was “not a big deal.”
  • he also witnessed engineers for Douyin, the Chinese version of TikTok, tweak the algorithm to elevate content that expressed hatred for Japan.
  • he said that the promotion of anti-Japanese sentiments, which would make it more prominent for users, was done without hesitation.
  • “There was no debate,” he said. “They just did it.”
  • The lawsuit also accused ByteDance engineers working on Chinese apps of demoting content that expressed support for pro-democracy protests in Hong Kong, while making more prominent criticisms of the protests.
  • the lawsuit says the founder of ByteDance, Zhang Yiming, facilitated bribes to Lu Wei, a senior government official charged with internet regulation. Chinese media at the time covered the trial of Lu Wei, who was charged in 2018 and subsequently convicted of bribery, but there was no mention of who had paid the bribes.
  • Mr. Yu, who was born and raised in China and now lives in San Francisco, said in the interview that during his time with the company, American user data on TikTok was stored in the United States. But engineers in China had access to it, he said.
  • The geographic location of servers is “irrelevant,” he said, because engineers could be a continent away but still have access. During his tenure at the company, he said, certain engineers had “backdoor” access to user data.
lilyrashkind

Why the Children of Immigrants Get Ahead | Time - 0 views

  • Abramitzky is a Professor of Economics and the Senior Associate Dean for the Social Sciences at Stanford University. Boustan is a Professor of Economics at Princeton University, where she also serves at the Director of Industrial Relations Section. Their new book is Streets of Gold: America's Untold of Immigrant Success
  • In paging through the profiles, we couldn’t help noticing one group of Americans who defies this trend: the children of immigrants. Sonya Poe was born in a suburb of Dallas, Texas to parents who immigrated from Mexico. “My dad worked for a hotel,” Sonya recalled. “Their goal for us was always: Go to school, go to college, so that you can get a job that doesn’t require you to work late at night, so that you can choose what you get to do and take care of your family. We’re fortunate to be able to do that.”
  • One pattern that is particularly striking in the data is that the children of immigrants raised in households earning below the median income make substantial progress by the time they reach adulthood, both for the Ellis Island generation a century ago and for immigrants today. The children of first-generation immigrants growing up close to the bottom of the income distribution (say, at the 25th percentile) are more likely to reach the middle of the income distribution than are children of similarly poor U.S.-born parents.
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  • The second notable takeaway is that even children of parents from very poor countries like Nigeria and Laos outperform the children of the U.S.-born raised in similar households. The children of immigrants from Central American countries—countries like Guatemala, El Salvador and Nicaragua that are often demonized for contributing to the “crisis” at the southern border—move up faster than the children of the U.S.-born, landing in the middle of the pack (right next to children of immigrants from Canada).
  • To conduct our analysis, we needed data that links children to parents. For the historical data, we used historical census records to link sons living in their childhood homes to census data collected 30 years later when these young men had jobs of their own.
  • Our modern data is based on federal income tax records instead. The tax records allow researchers to link children to their parents as tax dependents, and then observe these children in the tax data as adults.
  • The first striking takeaway is that, as a group, children of immigrants achieve more upward mobility than the children of U.S.-born fathers. We focus on the children of white U.S.-born fathers because the children of Black fathers tend to have lower rates of upward mobility. So, the mobility advantage that we observe for the children of immigrants would be even larger if we compared this group to the full population.
  • Children of immigrants from Mexico and the Dominican Republic today are just as likely to move up from their parents’ circumstances as were children of poor Swedes and Finns a hundred years ago.
  • Today, we might not be that surprised to learn that the children of past European immigrants succeeded. We are used to seeing the descendants of poor European immigrants rise to become members of the business and cultural elite. Many prominent leaders, including politicians like President Biden, regularly emphasize pride in their Irish or Italian heritage. But, at the time, these groups were considered the poorest of the poor. In their flight from famine, Irish immigrants are not too dissimilar from immigrants who flee hurricanes, earthquakes, and violent uprisings today.
  • One question that arises with our work is: what about children who arrive without papers? Undocumented children face more barriers to mobility than other children of immigrants. Fortunately, this group is relatively small even in recent years: only 1.5 million (or five percent) of the 32 million children of immigrant parents are undocumented today. Indeed, this number is small because many children of undocumented immigrants are born in the U.S. and thus are granted citizenship at birth.
  • What enables the children of immigrants to escape poor circumstances and move up the economic ladder? The answer we hear most often is that immigrants have a better work ethic than the US-born and that immigrant parents put more emphasis on education.
  • U.S.-born parents who were raised down the block, or in the same town. This pattern implies that the primary difference between immigrant families and the families of the U.S.-born is in where they choose to live.
  • Ironically, J.D. Vance (who is now running for Senate in Ohio on an anti-immigration platform) poses this question in his bestseller Hillbilly Elegy,aboutgrowing up in Middletown, Ohio, only 45 minutes from the border with Kentucky, the state where his family had lived for generations. For Vance, moving up the ladder meant moving out of his childhood community, a step that many Americans are unwilling to take. He went on to enlist in the Marines, and then to Ohio State and Yale Law School—“Though we sing the praises of social mobility,” he writes, “it has its downsides. The term necessarily implies a sort of movement—to a theoretically better life, yes, but also away from something.”
  • Adapted from Abramitzky and Boustan’s new book Streets of Gold: America’s Untold Story of Immigrant Success
Javier E

March 2020: How the Fed Averted Economic Disaster - WSJ - 0 views

  • Over the week of March 16, markets experienced an enormous shock to what investors refer to as liquidity, a catchall term for the cost of quickly converting an asset into cash.
  • Mr. Powell bluntly directed his colleagues to move as fast as possible.
  • They devised unparalleled emergency-lending backstops to stem an incipient financial panic that threatened to exacerbate the unfolding economic and public-health emergencies.
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  • They were offering nearly unlimited cheap debt to keep the wheels of finance turning, and when that didn’t help, the Fed began purchasing massive quantities of government debt outright.
  • Investors dumped whatever they could, including ostensibly “risk-free” U.S. Treasury securities. As a global dash for dollars unfolded, Treasurys were no longer serving as the market’s traditional shock absorbers, amplifying extreme turmoil on Wall Street.
  • By week’s end, the Dow had plunged more than 10,000 points since mid-February as investors struggled to get their arms around what a halt to global commerce would mean for businesses that would soon have no revenue.
  • “It was sheer, unadulterated panic, of a magnitude that was far worse than in 2008 and 2009. Far worse,”
  • The idea of shutting down markets was especially discouraging: “It was a profoundly un-American thing to contemplate, to just shut everything down, and almost fatalistic—that we’re not going to get out of this.”
  • nearly two years later, most agree that the Fed’s actions helped to save the economy from going into a pandemic-induced tailspin.
  • “My thought was—I remember this very clearly—‘O.K. We have a four-or-five-day chance to really get our act together and get ahead of this. We’re gonna try to get ahead of this,’” Mr. Powell recalled later. “And we were going to do that by just announcing a ton of stuff on Monday morning.”
  • It worked. The Fed’s pledges to backstop an array of lending, announced on Monday, March 23, would unleash a torrent of private borrowing based on the mere promise of central bank action—together with a massive assist by Congress, which authorized hundreds of billions of dollars that would cover any losses.
  • If the hardest-hit companies like Carnival, with its fleet of 104 ships docked indefinitely, could raise money in capital markets, who couldn’t?
  • on April 9, where he shed an earlier reluctance to express an opinion about government spending policies, which are set by elected officials and not the Fed. He spoke in unusually moral terms. “All of us are affected,” he said. “But the burdens are falling most heavily on those least able to carry them…. They didn’t cause this. Their business isn’t closed because of anything they did wrong. This is what the great fiscal power of the United States is for—to protect these people as best we can from the hardships they are facing.”
  • They were extraordinary words from a Fed chair who during earlier, hot-button policy debates said the central bank needed to “stay in its lane” and avoid providing specific advice.
  • To avoid a widening rift between the market haves (who had been given access to Fed backstops) and the market have-nots (who had been left out because their debt was deemed too risky), Mr. Powell had supported a decision to extend the Fed’s lending to include companies that were being downgraded to “junk” status in the days after it agreed to backstop their bonds.
  • Most controversially, Mr. Powell recommended that the Fed purchase investment vehicles known as exchange-traded funds, or ETFs, that invest in junk debt. He and his colleagues feared that these “high-yield” bonds might buckle, creating a wave of bankruptcies that would cause long-term scarring in the economy.
  • Mr. Powell decided that it was better to err on the side of doing too much than not doing enough.
  • , Paul Singer, who runs the hedge-fund firm Elliott Management, warned that the Fed was sowing the seeds of a bigger crisis by absolving markets of any discipline. “Sadly, when people (including those who should know better) do something stupid and reckless and are not punished,” he wrote, “it is human nature that, far from thinking that they were lucky to have gotten away with something, they are encouraged to keep doing the stupid thing.”
  • The breathtaking speed with which the Fed moved and with which Wall Street rallied after the Fed’s announcements infuriated Dennis Kelleher, a former corporate lawyer and high-ranking Senate aide who runs Better Markets, an advocacy group lobbying for tighter financial regulations.
  • This is a ridiculous discussion no matter how heartfelt Powell is about ‘we can’t pick winners and losers’—to which my answer is, ‘So instead you just make them all winners?’”
  • “Literally, not only has no one in finance lost money, but they’ve all made more money than they could have dreamed,” said Mr. Kelleher. “It just can’t be the case that the only thing the Fed can do is open the fire hydrants wide for everybody
  • Mr. Powell later defended his decision to purchase ETFs that had invested in junk debt. “We wanted to find a surgical way to get in and support that market because it’s a huge market, and it’s a lot of people’s jobs… What were we supposed to do? Just let them die and lose all those jobs?” he said. “If that’s the biggest mistake we made, stipulating it as a mistake, I’m fine with that. It wasn’t time to be making finely crafted judgments,” Mr. Powell said. He hesitated for a moment before concluding. “Do I regret it? I don’t—not really.”
  • “We didn’t know there was a vaccine coming. The pandemic is just raging. And we don’t have a plan,” said Mr. Powell. “Nobody in the world has a plan. And in hindsight, the worry was, ‘What if we can’t really fully open the economy for a long time because the pandemic is just out there killing people?’”
  • Mr. Powell never saw this as a particularly likely outcome, “but it was around the edges of the conversation, and we were very eager to do everything we could to avoid that outcome,”
  • The Fed’s initial response in 2020 received mostly high marks—a notable contrast with the populist ire that greeted Wall Street bailouts following the 2008 financial crisis. North Carolina Rep. Patrick McHenry, the top Republican on the House Financial Services Committee, gave Mr. Powell an “A-plus for 2020,” he said. “On a one-to-10 scale? It was an 11. He gets the highest, highest marks, and deserves them. The Fed as an institution deserves them.”
  • The pandemic was the most severe disruption of the U.S. economy since the Great Depression. Economists, financial-market professionals and historians are only beginning to wrestle with the implications of the aggressive response by fiscal and monetary policy makers.
  • Altogether, Congress approved nearly $5.9 trillion in spending in 2020 and 2021. Adjusted for inflation, that compares with approximately $1.8 trillion in 2008 and 2009.
  • By late 2021, it was clear that many private-sector forecasters and economists at the Fed had misjudged both the speed of the recovery and the ways in which the crisis had upset the economy’s equilibrium. Washington soon faced a different problem. Disoriented supply chains and strong demand—boosted by government stimulus—had produced inflation running above 7%.
  • because the pandemic shock was akin to a natural disaster, it allowed Mr. Powell and the Fed to sidestep concerns about moral hazard—that is, the possibility that their policies would encourage people to take greater risks knowing that they were protected against larger losses. If a future crisis is caused instead by greed or carelessness, the Fed would have to take such concerns more seriously.
  • The high inflation that followed in 2021 might have been worse if the U.S. had seen more widespread bankruptcies or permanent job losses in the early months of the pandemic.
  • an additional burst of stimulus spending in 2021, as vaccines hastened the reopening of the economy, raised the risk that monetary and fiscal policy together would flood the economy with money and further fuel inflation.
  • The surge in federal borrowing since 2020 creates other risks. It is manageable for now but could become very expensive if the Fed has to lift interest rates aggressively to cool the economy and reduce high inflation.
  • The Congressional Budget Office forecast in December 2020 that if rates rose by just 0.1 percentage point more than projected in each year of the decade, debt-service costs in 2030 would rise by $235 billion—more than the Pentagon had requested to spend in 2022 on the Navy.
  • its low-rate policies have coincided with—and critics say it has contributed to—a longer-running widening of wealth inequality.
  • In 2008, household wealth fell by $8 trillion. It rose by $13.5 trillion in 2020, and in the process, spotlighted the unequal distribution of wealth-building assets such as houses and stocks.
  • Without heavy spending from Washington, focused on the needs of the least well-off, these disparities might have attracted more negative scrutiny.
  • Finally, the Fed is a technocratic body that can move quickly because it operates under few political constraints. Turning to it as the first line of defense in this and future crises could compromise its institutional independence.
  • Step one, he said, was to get in the fight and try to win. Figuring out how to exit would be a better problem to have, because it would mean they had succeeded.
  • “We have a recovery that looks completely unlike other recoveries that we’ve had because we’ve put so much support behind the recovery,” Mr. Powell said last month. “Was it too much? I’m going to leave that to the historians.”
  • The final verdict on the 2020 crisis response may turn on whether Mr. Powell is able to bring inflation under control without a painful recession—either as sharp price increases from 2021 reverse on their own accord, as officials initially anticipated, or because the Fed cools down the economy by raising interest rates.
Javier E

The One Parenting Decision That Really Matters - The Atlantic - 0 views

  • Hillary Clinton, then the first lady of the United States, published It Takes a Village: And Other Lessons Children Teach Us. Clinton’s book—and the proverb the title referenced—argue that children’s lives are shaped by many people in their neighborhood: firefighters and police officers, garbage collectors, teachers and coaches.
  • Dole said, “I am here to tell you: It does not take a village to raise a child. It takes a family to raise a child.” The crowd roared.
  • So who was right, Bob Dole or Hillary Clinton?
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  • some neighborhoods produce more successful kids: One in every 864 Baby Boomers born in Washtenaw, Michigan, the county that includes the University of Michigan, did something notable enough to warrant an entry in Wikipedia, while just one in 31,167 kids born in Harlan County, Kentucky, achieved that distinction
  • The results showed that some large metropolitan areas give kids an edge. They get a better education. They earn more money: The best cities can increase a child’s future income by about 12 percent. They found that the five best metropolitan areas are: Seattle; Minneapolis; Salt Lake City; Reading, Pennsylvania; and Madison, Wisconsin.
  • a website, The Opportunity Atlas, that allows anyone to find out how beneficial any neighborhood is expected to be for kids of different income levels, genders, and races.
  • We find that one factor about a home—its location—accounts for a significant fraction of the total effect of that home.
  • I have estimated that some 25 percent—and possibly more—of the overall effects of a parent are driven by where that parent raises their child. In other words, this one parenting decision has much more impact than many thousands of others.
  • Three of the biggest predictors that a neighborhood will increase a child’s success are the percent of households in which there are two parents, the percent of residents who are college graduates, and the percent of residents who return their census forms.
  • These are neighborhoods, in other words, with many role models: adults who are smart, accomplished, engaged in their community, and committed to stable family lives.
  • Data can be liberating. It can’t make decisions for us, but it can tell us which decisions really matter. When it comes to parenting, the data tells us, moms and dads should put more thought into the neighbors they surround their children with—and lighten up about everything else.
Javier E

Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems - The New York Times - 0 views

  • In 2021, a Fed review of the growing bank found serious weaknesses in how it was handling key risks. Supervisors at the Federal Reserve Bank of San Francisco, which oversaw Silicon Valley Bank, issued six citations. Those warnings, known as “matters requiring attention” and “matters requiring immediate attention,” flagged that the firm was doing a bad job of ensuring that it would have enough easy-to-tap cash on hand in the event of trouble.
  • But the bank did not fix its vulnerabilities. By July 2022, Silicon Valley Bank was in a full supervisory review — getting a more careful look — and was ultimately rated deficient for governance and controls. It was placed under a set of restrictions that prevented it from growing through acquisitions
  • It became clear to the Fed that the firm was using bad models to determine how its business would fare as the central bank raised rates: Its leaders were assuming that higher interest revenue would substantially help their financial situation as rates went up, but that was out of step with reality.
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  • By early 2023, Silicon Valley Bank was in what the Fed calls a “horizontal review,” an assessment meant to gauge the strength of risk management. That checkup identified additional deficiencies — but at that point, the bank’s days were numbered
  • The picture that is emerging is one of a bank whose leaders failed to plan for a realistic future and neglected looming financial and operational problems, even as they were raised by Fed supervisors. For instance, according to a person familiar with the matter, executives at the firm were told of cybersecurity problems both by internal employees and by the Fed — but ignored the concerns.
  • Still, the extent of known issues at the bank raises questions about whether Fed bank examiners or the Fed’s Board of Governors in Washington could have done more to force the institution to address weaknesses
  • Other worries center on whether Jerome H. Powell, the Fed chair, allowed too much deregulation during the Trump administration. Randal K. Quarles, who was the Fed’s vice chair for supervision from 2017 to 2021, carried out a 2018 regulatory rollback law in an expansive way that some onlookers at the time warned would weaken the banking system.
  • Typically, banks with fewer than $250 billion in assets are excluded from the most onerous parts of bank oversight — and that has been even more true since a “tailoring” law that passed in 2018 during the Trump administration and was put in place by the Fed in 2019. Those changes left smaller banks with less stringent rules.
  • Silicon Valley Bank was still below that threshold, and its collapse underlined that even banks that are not large enough to be deemed globally systemic can cause sweeping problems in the American banking system.
  • Some of the concerns center on the fact that the bank’s chief executive, Greg Becker, sat on the Federal Reserve Bank of San Francisco’s board of directors until March 10. While board members do not play a role in bank supervision, the optics of the situation are bad.
  • “One of the most absurd aspects of the Silicon Valley bank failure is that its CEO was a director of the same body in charge of regulating it,” Senator Bernie Sanders, a Vermont independent, wrote on Twitter on Saturday, announcing that he would be “introducing a bill to end this conflict of interest by banning big bank CEOs from serving on Fed boards.
  • “It’s a failure of supervision,” said Peter Conti-Brown, an expert in financial regulation and a Fed historian at the University of Pennsylvania. “The thing we don’t know is if it was a failure of supervisors.”
  • Mr. Powell typically defers to the Fed’s supervisory vice chair on regulatory matters, and he did not vote against those changes. Lael Brainard, then a Fed governor and now a top White House economic adviser, did vote against some of the tweaks — and flagged them as potentially dangerous in dissenting statements.
Javier E

World 'population bomb' may never go off as feared, finds study | Population | The Guar... - 0 views

  • The long-feared “population bomb” may not go off, according to the authors of a new report that estimates that human numbers will peak lower and sooner than previously forecast.
  • on current trends the world population will reach a high of 8.8 billion before the middle of the century, then decline rapidly. The peak could come earlier still if governments take progressive steps to raise average incomes and education levels.
  • The new forecasts are good news for the global environment. Once the demographic bulge is overcome, pressure on nature and the climate should start to ease, along with associated social and political tensions.
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  • The new projection, released on Monday, was carried out by the Earth4All collective of leading environmental science and economic institutions, including the Potsdam Institute for Climate Impact Research, Stockholm Resilience Centre and the BI Norwegian Business School. They were commissioned by the Club of Rome for a followup to its seminal Limits to Growth study more than 50 years ago.
  • “This gives us evidence to believe the population bomb won’t go off, but we still face significant challenges from an environmental perspective. We need a lot of effort to address the current development paradigm of overconsumption and overproduction, which are bigger problems than population.”
  • Previous studies have painted a grimmer picture. Last year, the UN estimated the world population would hit 9.7 billion by the middle of the century and continue to rise for several decades afterwards.
  • But the authors caution that falling birthrates alone will not solve the planet’s environmental problems, which are already serious at the 7.8 billion level and are primarily caused by the excess consumption of a wealthy minority.
  • The report is based on a new methodology which incorporates social and economic factors that have a proven impact on birthrate, such as raising education levels, particularly for women, and improving income.
  • In the business-as-usual case, it foresees existing policies being enough to limit global population growth to below 9 billion in 2046 and then decline to 7.3 billion in 2100.
  • too little too late: “Although the scenario does not result in an overt ecological or total climate collapse, the likelihood of regional societal collapses nevertheless rises throughout the decades to 2050, as a result of deepening social divisions both internal to and between societies. The risk is particularly acute in the most vulnerable, badly governed and ecologically vulnerable economies.”
  • In the second, more optimistic scenario – with governments across the world raising taxes on the wealthy to invest in education, social services and improved equality – it estimates human numbers could hit a high of 8.5 billion as early as 2040 and then fall by more than a third to about 6 billion in 2100. Under this pathway, they foresee considerable gains by mid-century for human society and the natural environment.
  • “By 2050, greenhouse gas emissions are about 90% lower than they were in 2020 and are still falling,” according to the report. “Remaining atmospheric emissions of greenhouse gases from industrial processes are increasingly removed through carbon capture and storage. As the century progresses, more carbon is captured than stored, keeping the global temperature below 2C above pre-industrial levels. Wildlife is gradually recovering and starting to thrive once again in many places.”
Javier E

Opinion | There's a Reason There Aren't Enough Teachers in America. Many Reasons, Actua... - 0 views

  • Here are just a few of the longstanding problems plaguing American education: a generalized decline in literacy; the faltering international performance of American students; an inability to recruit enough qualified college graduates into the teaching profession; a lack of trained and able substitutes to fill teacher shortages; unequal access to educational resources; inadequate funding for schools; stagnant compensation for teachers; heavier workloads; declining prestige; and deteriorating faculty morale.
  • Nine-year-old students earlier this year revealed “the largest average score decline in reading since 1990, and the first ever score decline in mathematics,”
  • In the latest comparison of fourth grade reading ability, the United States ranked below 15 countries, including Russia, Ireland, Poland and Bulgaria.
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  • Teachers are not only burnt out and undercompensated, they are also demoralized. They are being asked to do things in the name of teaching that they believe are mis-educational and harmful to students and the profession. What made this work good for them is no longer accessible. That is why we are hearing so many refrains of “I’m not leaving the profession, my profession left me.”
  • We find there are at least 36,000 vacant positions along with at least 163,000 positions being held by underqualified teachers, both of which are conservative estimates of the extent of teacher shortages nationally.
  • “The current problem of teacher shortages (I would further break this down into vacancy and under-qualification) is higher than normal.” The data, Nguyen continued, “indicate that shortages are worsening over time, particularly over the last few years
  • a growing gap between the pay of all college graduates and teacher salaries from 1979 to 2021, with a sharp increase in the differential since 2010
  • The number of qualified teachers is declining for the whole country and the vast majority of states.
  • Wages are essentially unchanged from 2000 to 2020 after adjusting for inflation. Teachers have about the same number of students. But, teacher accountability reforms have increased the demands on their positions.
  • The pandemic was very difficult for teachers. Their self-reported level of stress was about as twice as high during the pandemic compared to other working adults. Teachers had to worry both about their personal safety and deal with teaching/caring for students who are grieving lost family members.
  • the number of students graduating from college with bachelor’s degrees in education fell from 176,307 in 1970-71 to 104,008 in 2010-11 to 85,058 in 2019-20.
  • We do see that southern states (e.g., Mississippi, Alabama, Georgia and Florida) have very high vacancies and high vacancy rates.”
  • By 2021, teachers made $1,348, 32.9 percent less than what other graduates made, at $2,009.
  • These gaps play a significant role in determining the quality of teachers,
  • Sixty percent of teachers and 65 percent of principals reported believing that systemic racism exists. Only about 20 percent of teachers and principals reported that they believe systemic racism does not exist, and the remainder were not sure
  • “We find,” they write, “that teachers’ cognitive skills differ widely among nations — and that these differences matter greatly for students’ success in school. An increase of one standard deviation in teacher cognitive skills is associated with an increase of 10 to 15 percent of a standard deviation in student performance.”
  • teachers have lower cognitive skills, on average, in countries with greater nonteaching job opportunities for women in high-skill occupations and where teaching pays relatively less than other professions.
  • the scholars found that the cognitive skills of teachers in the United States fell in the middle ranks:Teachers in the United States perform worse than the average teacher sample-wide in numeracy, with a median score of 284 points out of a possible 500, compared to the sample-wide average of 292 points. In literacy, they perform slightly better than average, with a median score of 301 points compared to the sample-wide average of 295 points.
  • Increasing teacher numeracy skills by one standard deviation increases student performance by nearly 15 percent of a standard deviation on the PISA math test. Our estimate of the effect of increasing teacher literacy skills on students’ reading performance is slightly smaller, at 10 percent of a standard deviation.
  • How, then, to raise teacher skill level in the United States? Hanushek and his two colleagues have a simple answer: raise teacher pay to make it as attractive to college graduates as high-skill jobs in other fields.
  • policymakers will need to do more than raise teacher pay across the board to ensure positive results. They must ensure that higher salaries go to more effective teachers.
  • The teaching of disputed subjects in schools has compounded many of the difficulties in American education.
  • The researchers found that controversies over critical race theory, sex education and transgender issues — aggravated by divisive debates over responses to Covid and its aftermath — are inflicting a heavy toll on teachers and principals.
  • “On top of the herculean task of carrying out the essential functions of their jobs,” they write, “educators increasingly find themselves in the position of addressing contentious, politicized issues in their schools as the United States has experienced increasing political polarization.”
  • Teachers and principals, they add, “have been pulled in multiple directions as they try to balance and reconcile not only their own beliefs on such matters but also the beliefs of others around them, including their leaders, fellow staff, students, and students’ family members.”
  • These conflicting pressures take place in a climate where “emotions in response to these issues have run high within communities, resulting in the harassment of educators, bans against literature depicting diverse characters, and calls for increased parental involvement in deciding academic content.”
  • Forty-eight percent of principals and 40 percent of teachers reported that the intrusion of political issues and opinions in school leadership or teaching, respectively, was a job-related stressor. By comparison, only 16 percent of working adults indicated that the intrusion of political issues and opinions in their jobs was a source of job-related stress
  • In 1979, the average teacher weekly salary (in 2021 dollars) was $1,052, 22.9 percent less than other college graduates’, at $1,364
  • Nearly all Black or African American principals (92 percent) and teachers (87 percent) reported believing that systemic racism exists.
  • White educators working in predominantly white school systems reported substantially more pressure to deal with politically divisive issues than educators of color and those working in mostly minority schools: “Forty-one percent of white teachers and 52 percent of white teachers and principals selected the intrusion of political issues and opinions into their professions as a job-related stressor, compared with 36 percent of teachers of color and principals of color.
  • and opinions into their professions as a job-related stressor, compar
  • A 54 percent majority of teachers and principals said there “should not be legal limits on classroom conversations about racism, sexism, and other topics,” while 20 percent said there should be legislated constraint
  • Voters, in turn, are highly polarized on the teaching of issues impinging on race or ethnicity in public schools. The Education Next 2022 Survey asked, for example:Some people think their local public schools place too little emphasis on slavery, racism and other challenges faced by Black people in the United States. Other people think their local public schools place too much emphasis on these topics. What is your view about your local public schools?
  • Among Democrats, 55 percent said too little emphasis was placed on slavery, racism and other challenges faced by Black people, and 8 percent said too much.
  • Among Republicans, 51 said too much and 10 percent said too little.
  • Because of the lack of reliable national data, there is widespread disagreement among scholars of education over the scope and severity of the shortage of credentialed teachers, although there is more agreement that these problems are worse in low-income, high majority-minority school systems and in STEM and special education faculties.
  • Public schools increasingly are targets of conservative political groups focusing on what they term “Critical Race Theory,” as well as issues of sexuality and gender identity. These political conflicts have created a broad chilling effect that has limited opportunities for students to practice respectful dialogue on controversial topics and made it harder to address rampant misinformation.
  • The chilling effect also has led to marked declines in general support for teaching about race, racism, and racial and ethnic diversity.
  • These political conflicts, the authors wrote,have made the already hard work of public education more difficult, undermining school management, negatively impacting staff, and heightening student stress and anxiety. Several principals shared that they were reconsidering their own roles in public education in light of the rage at teachers and rage at administrators’ playing out in their communities.
  • State University of New York tracked trends on “four interrelated constructs: professional prestige, interest among students, preparation for entry, and job satisfaction” for 50 years, from the 1970s to the present and founda consistent and dynamic pattern across every measure: a rapid decline in the 1970s, a swift rise in the 1980s, relative stability for two decades, and a sustained drop beginning around 2010. The current state of the teaching profession is at or near its lowest levels in 50 years.
  • Who among the next generation of college graduates will choose to teach?
  • Perceptions of teacher prestige have fallen between 20 percent and 47 percent in the last decade to be at or near the lowest levels recorded over the last half century
  • Interest in the teaching profession among high school seniors and college freshmen has fallen 50 percent since the 1990s, and 38 percent since 2010, reaching the lowest level in the last 50 years
  • the proportion of college graduates that go into teaching is at a 50-year low
  • Teachers’ job satisfaction is also at the lowest level in five decades, with the percent of teachers who feel the stress of their job is worth it dropping from 81 percent to 42 percent in the last 15 years
  • The combination of these factors — declining prestige, lower pay than other professions that require a college education, increased workloads, and political and ideological pressures — is creating both intended and unintended consequences for teacher accountability reforms mandating tougher licensing rules, evaluations and skill testing.
  • Education policy over the past decade has focused considerable effort on improving human capital in schools through teacher accountability. These reforms, and the research upon which they drew, were based on strong assumptions about how accountability would affect who decided to become a teacher. Counter to most assumptions, our findings document how teacher accountability reduced the supply of new teacher candidates by, in part, decreasing perceived job security, satisfaction and autonomy.
  • The reforms, Kraft and colleagues continued, increasedthe likelihood that schools could not fill vacant teaching positions. Even more concerning, effects on unfilled vacancies were concentrated in hard-to-staff schools that often serve larger populations of low-income students and students of color
  • We find that evaluation reforms increased the quality of newly hired novice teachers by reducing the number of teachers that graduated from the least selective institutions
  • We find no evidence that evaluation reforms served to attract teachers who attended the most selective undergraduate institutions.
  • In other words, the economic incentives, salary structure and work-life pressures characteristic of public education employment have created a climate in which contemporary education reforms have perverse and unintended consequences that can worsen rather than alleviate the problems facing school systems.
  • If so, to improve the overall quality of the nation’s more than three million public schoolteachers, reformers may want to give priority to paychecks, working conditions, teacher autonomy and punishing workloads before attempting to impose higher standards, tougher evaluations and less job security.
Javier E

Suddenly There Aren't Enough Babies. The Whole World Is Alarmed. - WSJ - 0 views

  • The world is at a startling demographic milestone. Sometime soon, the global fertility rate will drop below the point needed to keep population constant. It may have already happened.
  • Fertility is falling almost everywhere, for women across all levels of income, education and labor-force participation.
  • Governments have rolled out programs to stop the decline—but so far they’ve barely made a dent.
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  • It’s dropping in developing countries, too. India surpassed China as the most populous country last year, yet its fertility is now below replacement.
  • “The demographic winter is coming,”
  • Smaller populations come with diminished global clout, raising questions in the U.S., China and Russia about their long-term standings as superpowers.
  • Some demographers think the world’s population could start shrinking within four decades—one of the few times it’s happened in history.
  • A year ago Japanese Prime Minister Fumio Kishida declared that the collapse of the country’s birthrate left it “standing on the verge of whether we can continue to function as a society.”
  • Had fertility stayed near 2.1, where it stood in 2007, the U.S. would have welcomed an estimated 10.6 million more babies since
  • In 2017, when the global fertility rate—a snapshot of how many babies a woman is expected to have over her lifetime—was 2.5, the United Nations thought it would slip to 2.4 in the late 2020s. Yet by 2021, the U.N. concluded, it was already down to 2.3—close to what demographers consider the global replacement rate of about 2.2
  • He has found that national birth registries are typically reporting births 10% to 20% below what the U.N. projected.
  • China reported 9 million births last year, 16% less than projected in the U.N.’s central scenario. In the U.S., 3.59 million babies were born last year, 4% less than the U.N. projected. In other countries, the undershoot is even larger: Egypt reported 17% fewer births last year. In 2022, Kenya reported 18% fewer.
  • In 2017 the U.N. projected world population, then 7.6 billion, would keep climbing to 11.2 billion in 2100. By 2022 it had lowered and brought forward the peak to 10.4 billion in the 2080s. That, too, is likely out of date
  • the University of Washington now thinks it will peak around 9.5 billion in 2061 then start declining. 
  • The falling birthrates come with huge implications for the way people live, how economies grow and the standings of the world’s superpowers.
  • In the U.S., a short-lived pandemic baby boomlet has reversed. The total fertility rate fell to 1.62 last year, according to provisional government figures, the lowest on record.
  • In 2017, when the fertility rate was 1.8, the Census Bureau projected it would converge over the long run to 2.0. It has since revised that down to 1.5. “It has snuck up on us,”
  • Historians refer to the decline in fertility that began in the 18th century in industrializing countries as the demographic transition. As lifespans lengthened and more children survived to adulthood, the impetus for bearing more children declined. As women became better educated and joined the workforce, they delayed marriage and childbirth, resulting in fewer children. 
  • Some demographers see this as part of a “second demographic transition,” a societywide reorientation toward individualism that puts less emphasis on marriage and parenthood, and makes fewer or no children more acceptable. 
  • In research published in 2021, the University of Maryland’s Kearney and two co-authors looked for possible explanations for the continued drop. They found that state-level differences in parental abortion notification laws, unemployment, Medicaid availability, housing costs, contraceptive usage, religiosity, child-care costs and student debt could explain almost none of the decline
  • “We suspect that this shift reflects broad societal changes that are hard to measure or quantify,” they conclude.
  • while raising children is no more expensive than before, parents’ preferences and perceived constraints have changed
  • “If people have a preference for spending time building a career, on leisure, relationships outside the home, that’s more likely to come in conflict with childbearing.” 
  • Once a low fertility cycle kicks in, it effectively resets a society’s norms and is thus hard to break, said Jackson. “The fewer children you see your colleagues and peers and neighbors having, it changes the whole social climate,”
  • Fertility is below replacement in India even though the country is still poor and many women don’t work—factors that usually sustain fertility.
  • Urbanization and the internet have given even women in traditional male-dominated villages a glimpse of societies where fewer children and a higher quality of life are the norm. “People are plugged into the global culture,
  • mothers and fathers, especially those that are highly educated, spend more time with their children than in the past. “The intensity of parenting is a constraint,”
  • Sub-Saharan Africa once appeared resistant to the global slide in fertility, but that too is changing. The share of all women of reproductive age using modern contraception grew from 17% in 2012 to 23% in 2022
  • Jose Rimon, a professor of public health at Johns Hopkins University, credits that to a push by national leaders in Africa which, he predicted, would drive fertility down faster than the U.N. projects. 
  • Mae Mariyam Thomas, 38, who lives in Mumbai and runs an audio production company, said she’s opted against having children because she never felt the tug of motherhood. She sees peers struggling to meet the right person, getting married later and, in some instances, divorcing before they have kids. At least three of her friends have frozen their eggs,
  • Danielle Vermeer grew up third in a family of four children on Chicago’s North Side, where her neighborhood was filled with Catholics of Italian, Irish and Polish descent and half her close friends had as many siblings as her or more.
  • Her Italian-American father was one of four children who produced 14 grandchildren. Now her parents have five grandchildren, including Vermeer’s two children, ages 4 and 7.
  • The 35-year-old, who is the co-founder of a fashion thrifting app, said that before setting out to have children, she consulted dozens of other couples and her Catholic church and read at least eight books on the subject, including one by Pope Paul VI. She and her husband settled on two as the right number.“The act of bringing a child into this world is an incredible responsibility,” she said.
  • Perhaps no country has been trying longer than Japan. After fertility fell to 1.5 in the early 1990s, the government rolled out a succession of plans that included parental leave and subsidized child care. Fertility kept falling.
  • In 2005, Kuniko Inoguchi was appointed the country’s first minister responsible for gender equality and birthrate. The main obstacle, she declared, was money: People couldn’t afford to get married or have children. Japan made hospital maternity care free and introduced a stipend paid upon birth of the child. 
  • Japan’s fertility rate climbed from 1.26 in 2005 to 1.45 in 2015. But then it started declining again, and in 2022 was back to 1.26.
  • This year, Prime Minister Fumio Kishida rolled out yet another program to increase births that extends monthly allowances to all children under 18 regardless of income, free college for families with three children, and fully paid parental leave.
  • noguchi, now a member of parliament’s upper house, said the constraint on would-be parents is no longer money, but time. She has pressed the government and businesses to adopt a four-day workweek
  • If you’re a government official or manager of a big corporation, you should not worry over questions of salary now, but that in 20 years time you will have no customers, no clients, no applicants to the Self-Defense Forces.”
  • Hungarian Prime Minister Viktor Orban has pushed one of Europe’s most ambitious natality agendas. Last year he expanded tax benefits for mothers so that women under the age of 30 who have a child are exempt from paying personal income tax for life. That’s on top of housing and child-care subsidies as well as generous maternity leaves. 
  • Hungary’s fertility rate, though still well below replacement, has risen since 2010. But the Vienna Institute of Demography attributed this primarily to women delaying childbirth because of a debt crisis that hit around 2010. Adjusted for that, fertility has risen only slightly, it concluded.
  • The usual prescription in advanced countries is more immigration, but that has two problems.
  • With no reversal in birthrates in sight, the attendant economic pressures are intensifying. Since the pandemic, labor shortages have become endemic throughout developed countries. That will only worsen in coming years as the postcrisis fall in birthrates yields an ever-shrinking inflow of young workers, placing more strain on healthcare and retirement systems.
  • worsening demographics could make this a second consecutive “lost decade” for global economic growth.
  • The Institute for Health Metrics and Evaluation found little evidence that pronatalist policies lead to sustained rebounds in fertility. A woman may get pregnant sooner to capture a baby bonus, researchers say, but likely won’t have more kids over the course of her lifetime.
  • As more countries confront stagnant population, immigration between them is a zero-sum gam
  • Historically, host countries have sought skilled migrants who enter through formal, legal channels, but recent inflows have been predominantly unskilled migrants often entering illegally and claiming asylum.
  • High levels of immigration have also historically aroused political resistance,
  • Many of the leaders keenest to raise birthrates are most resistant to immigratio
  • As birthrates fall, more regions and communities experience depopulation, with consequences ranging from closed schools to stagnant property values. Less selective colleges will soon struggle to fill classrooms because of the plunge in birthrates that began in 2007, said Fernández-Villaverde. Vance said rural hospitals can’t stay open because of the falling local population.
  • An economy with fewer children will struggle to finance pensions and healthcare for growing ranks of elderly. South Korea’s national pension fund, one of the world’s largest, is on track to be depleted by 2055
  • There’s been little public pressure to act, said Sok Chul Hong, an economist at Seoul National University. “The elderly are not very interested in pension reform, and the youth are apathetic towards politics,” he said. “It is truly an ironic situation.”
Javier E

Did Republicans Pressure CRS to Withdraw Taxes Report? - NYTimes.com - 0 views

  • In a brazen example of putting ideology ahead of reality, Senate Republicans seem to have pressured the Congressional Research Service to withdraw a report debunking conservative economic orthodoxy. Cutting tax rates at the top appears “to have little or no relation to the size of the economic pie,” the report said. “However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution.” So charging the rich lower tax rates doesn’t promote economic growth; it merely increases economic inequality.
  • The CRS is a highly respected, independent agency that prepares reports for members of Congress and routinely issues findings that disappoint or even irritate their clients, who usually just grin and bear it, or at least bear it. But Congressional Republicans seem to think that the CRS should function like Pravda.
  • Don Stewart, a spokesman for the Senate Republican leader, Mitch McConnell, said Mr. McConnell and other senators “raised concerns about the methodology and other flaws” in the CRS report. Antonia Ferrier, a spokeswoman for the Senate Finance Committee, said the panel had relayed its objections to the CRS. “We had a good discussion,” she said, “Then it was pulled.”
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  • In case you don’t speak fluent bureaucratese, “good discussion” means that the Republicans made it clear the report had to go. And “it was pulled” means the CRS obeyed. The Times quoted a person with knowledge of the deliberations as saying the decision on Sept. 28 to withdraw the report was “made against the advice of the research service’s economics division” and that the author, Thomas Hungerford, stood by its findings.
Javier E

Origins of C.I.A.'s Not-So-Secret Drone War in Pakistan - NYTimes.com - 0 views

  • As the negotiations were taking place, the C.I.A.’s inspector general, John L. Helgerson, had just finished a searing report about the abuse of detainees in the C.I.A.’s secret prisons. The report kicked out the foundation upon which the C.I.A. detention and interrogation program had rested. It was perhaps the single most important reason for the C.I.A.’s shift from capturing to killing terrorism suspects.
  • Mr. Helgerson raised questions about whether C.I.A. officers might face criminal prosecution for the interrogations carried out in the secret prisons, and he suggested that interrogation methods like waterboarding, sleep deprivation and the exploiting of the phobias of prisoners — like confining them in a small box with live bugs — violated the United Nations Convention Against Torture.
  • The ground had shifted, and counterterrorism officials began to rethink the strategy for the secret war. Armed drones, and targeted killings in general, offered a new direction. Killing by remote control was the antithesis of the dirty, intimate work of interrogation. Targeted killings were cheered by Republicans and Democrats alike, and using drones flown by pilots who were stationed thousands of miles away made the whole strategy seem risk-free.
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  • Not long before, the agency had been deeply ambivalent about drone warfare. The Predator had been considered a blunt and unsophisticated killing tool, and many at the C.I.A. were glad that the agency had gotten out of the assassination business long ago. Three years before Mr. Muhammad’s death, and one year before the C.I.A. carried out its first targeted killing outside a war zone — in Yemen in 2002 — a debate raged over the legality and morality of using drones to kill suspected terrorists.
  • A new generation of C.I.A. officers had ascended to leadership positions, having joined the agency after the 1975 Congressional committee led by Senator Frank Church, Democrat of Idaho, which revealed extensive C.I.A. plots to kill foreign leaders, and President Gerald Ford’s subsequent ban on assassinations. The rise to power of this post-Church generation had a direct impact on the type of clandestine operations the C.I.A. chose to conduct.
  • John E. McLaughlin, then the C.I.A.’s deputy director, who the 9/11 commission reported had raised concerns about the C.I.A.’s being in charge of the Predator, said: “You can’t underestimate the cultural change that comes with gaining lethal authority. “When people say to me, ‘It’s not a big deal,’ ” he said, “I say to them, ‘Have you ever killed anyone?’ “It is a big deal. You start thinking about things differently,” he added. But after the Sept. 11 attacks, these concerns about the use of the C.I.A. to kill were quickly swept side.
Javier E

Bruce Bartlett: The Debt Limit Is the Real Fiscal Cliff - NYTimes.com - 0 views

  • Washington is all abuzz over the impending tax increases and spending cuts referred to as the fiscal cliff, an absurdly inaccurate term that both Democrats and Republicans have unfortunately adopted in order to pursue their own agendas. In truth, it is a nonproblem unless every impending tax increase and spending cut takes effect permanently – something so unlikely as to be effectively impossible.
  • there is a very real fiscal problem that will occur almost simultaneously – expiration of the debt limit. Much of what passes for fiscal-cliff concern is actually anxiety about whether Republicans in Congress will force a default on the nation’s debt in pursuit of their radical agenda.
  • No less an authority than the anti-tax activist Grover Norquist, who basically controls the Republican Party’s fiscal policy, has said repeatedly that the debt limit is where the real fight will be over the next several weeks
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  • MR. ALLEN: O.K., O.K., wait. You’re proposing that the debt ceiling be increased month by month? MR. NORQUIST: Monthly. Monthly. Monthly if he’s good, weekly if he’s not.
  • In short, the debt limit is a hostage that Republicans are willing to kill or maim in pursuit of their agenda. They have made this clear ever since the debt ceiling debate in 2011, in which the Treasury came very close to defaulting on the debt.
  • At some point, Treasury will lack the cash to pay the bills that are due and it will face nothing but unthinkable choices – don’t pay interest to bondholders and default on the debt, don’t pay Social Security benefits, don’t pay our soldiers in the field and so on.
  • At the risk of stating the obvious, the debt limit is nuts. It serves no useful purpose to allow members of Congress to vote for vast cuts in taxation and increases in spending and then tell the Treasury it is not permitted to sell bonds to cover the deficits Congress created. To my knowledge, no other nation has such a screwy system.
  • In a new book, “Is U.S. Government Debt Different?,” Howell Jackson, a law professor at Harvard, walks through options for prioritizing government spending in the event that Republicans insist on committing financial suicide. They are all illegal or unconstitutional to one degree or another. They would require the Treasury to either abrogate Congress’s taxing power, spending power or borrowing power.
  • the question of what a president should do when he must act and all his options are unconstitutional. They cite Abraham Lincoln’s July 4, 1861, message to Congress in support of the idea that some laws are more unconstitutional than others and the president is empowered to violate the one that is least unconstitutional when he has no other option. Said Lincoln, “To state the question more directly, are all the laws, but one, to go unexecuted, and the government itself go to pieces, lest that one be violated?”
  • In the present case, of course, the one law would be the debt limit, which Professors Buchanan and Dorf say is less binding on the president than unilaterally cutting spending or raising taxes without congressional approval. Hence, if Republicans are truly mad and absolutely refuse to raise the debt limit, thereby risking default or the nonpayment of essential government bills, Professors Buchanan and Dorf believe the president would have the authority to sell bonds over and above the limit.
  • There are a host of practical problems any time the president is forced into uncharted constitutional territory, as Lincoln so often was. But when faced with an extortion demand from a political party that no longer feels bound by the historical norms of conduct, the president must be willing to do what has to be done.
Javier E

A Million First Dates - Dan Slater - The Atlantic - 0 views

  • The positive aspects of online dating are clear: the Internet makes it easier for single people to meet other single people with whom they might be compatible, raising the bar for what they consider a good relationship. But what if online dating makes it too easy to meet someone new? What if it raises the bar for a good relationship too high? What if the prospect of finding an ever-more-compatible mate with the click of a mouse means a future of relationship instability, in which we keep chasing the elusive rabbit around the dating track?
  • the rise of online dating will mean an overall decrease in commitment.
  • I often wonder whether matching you up with great people is getting so efficient, and the process so enjoyable, that marriage will become obsolete.”
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  • “Historically,” says Greg Blatt, the CEO of Match.com’s parent company, “relationships have been billed as ‘hard’ because, historically, commitment has been the goal. You could say online dating is simply changing people’s ideas about whether commitment itself is a life value.” Mate scarcity also plays an important role in people’s relationship decisions. “Look, if I lived in Iowa, I’d be married with four children by now,” says Blatt, a 40‑something bachelor in Manhattan. “That’s just how it is.”
  • “I think divorce rates will increase as life in general becomes more real-time,” says Niccolò Formai, the head of social-media marketing at Badoo, a meeting-and-dating app with about 25 million active users worldwide. “Think about the evolution of other kinds of content on the Web—stock quotes, news. The goal has always been to make it faster. The same thing will happen with meeting. It’s exhilarating to connect with new people, not to mention beneficial for reasons having nothing to do with romance. You network for a job. You find a flatmate. Over time you’ll expect that constant flow. People always said that the need for stability would keep commitment alive. But that thinking was based on a world in which you didn’t meet that many people.”
  • “You could say online dating allows people to get into relationships, learn things, and ultimately make a better selection,” says Gonzaga. “But you could also easily see a world in which online dating leads to people leaving relationships the moment they’re not working—an overall weakening of commitment.”
  • Explaining the mentality of a typical dating-site executive, Justin Parfitt, a dating entrepreneur based in San Francisco, puts the matter bluntly: “They’re thinking, Let’s keep this fucker coming back to the site as often as we can.” For instance, long after their accounts become inactive on Match.com and some other sites, lapsed users receive notifications informing them that wonderful people are browsing their profiles and are eager to chat. “Most of our users are return customers,” says Match.com’s Blatt.
  • The market is hugely more efficient … People expect to—and this will be increasingly the case over time—access people anywhere, anytime, based on complex search requests … Such a feeling of access affects our pursuit of love … the whole world (versus, say, the city we live in) will, increasingly, feel like the market for our partner(s). Our pickiness will probably increase.” “Above all, Internet dating has helped people of all ages realize that there’s no need to settle for a mediocre relationship.”
Javier E

San Francisco Hangout Becomes Casualty of Tech Boom - NYTimes.com - 0 views

  • Since 1999, The Grove restaurant, with its warm, woodsy interior and comfort food, has marketed itself as “San Francisco’s living room.”
  • the landlords raised the annual rent to $246,816, or roughly $20,000 a month, for the 1,500 square foot ground floor space. That is 50 percent higher than what The Grove’s owners paid five years ago. They said the only way they could possibly keep pace would be to drastically raise prices.
  • Regulars complain that The Grove’s planned closure is just the latest confirmation that the tech boom is making San Francisco unlivable, and pricing long-time businesses and residents out of the market. As start-ups and established tech companies like Google, Facebook and Square poach one another’s engineers with high salaries, rents are, on average, up almost 8 percent from a year ago, to $2,768 for an apartment in a large complex,
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  • 4 of the 10 most expensive housing markets in the country — San Francisco, San Mateo, Santa Clara and Marin counties — are in the greater Bay Area. Even Oakland, once a cheaper alternative to the city, saw average rent surge 11 percent in 2012 over the previous year.
  • Those lucky enough to live in rent-controlled apartments say they fear that they can never afford to move. Those who are not so lucky say the rent increases have left them with little choice but to leave the city.
  • Melissa Jensen, said she recently moved from Los Angeles where she paid less than $2,000 for a one-bedroom in a nice neighborhood. “To get that same space in San Francisco I’m realizing I’m going to have to pay twice that much,”
Javier E

Updating Reaganomics - NYTimes.com - 1 views

  • When Reagan cut rates for everyone, the top tax rate was 70 percent and the income tax was the biggest tax most people paid. Now neither of those things is true: For most of the last decade the top rate has been 35 percent, and the payroll tax is larger than the income tax for most people. Yet Republicans have treated the income tax as the same impediment to economic growth and middle-class millstone that it was in Reagan’s day
  • A Republican Party attentive to today’s problems rather than yesterday’s would work to lighten the burden of the payroll tax, not just the income tax. An expanded child tax credit that offset the burden of both taxes would be the kind of broad-based middle-class tax relief that Reagan delivered. Republicans should make room for this idea in their budgets, even if it means giving up on the idea of a 25 percent top tax rate.
  • he could have confidence in John F. Kennedy’s conviction that a rising tide would lift all boats. In more recent years, though, economic growth hasn’t always raised wages for most people. The rising cost of health insurance has eaten up raises. Controlling the cost of health care has to be a bigger part of the Republican agenda now that it’s a bigger portion of the economy. An important first step would be to change the existing tax break for health insurance so that people would be able to pocket the savings if they chose cheaper plans.
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  • Trying to boost economic growth through looser money is usually a mistake, as Reaganites rightly argued. They were right, too, to think that the Federal Reserve should make its actions predictable by adhering to a rule rather than improvising depending on its assessment of current conditions. The best way to put those impulses into practice is to require the Fed to stabilize the growth of nominal spending. That rule would allow looser money only when nominal spending is depressed. Keeping nominal spending on track is more or less what the Fed did from 1984 through 2007, a period that Republicans sometimes call the Reagan boom
Javier E

Raise That Wage - NYTimes.com - 1 views

  • there are strong reasons to believe that the kind of minimum wage increase the president is proposing would have overwhelmingly positive effects.
  • the great preponderance of the evidence from these natural experiments points to little if any negative effect of minimum wage increases on employment.
  • Why is this true? That’s a subject of continuing research, but one theme in all the explanations is that workers aren’t bushels of wheat or even Manhattan apartments; they’re human beings, and the human relationships involved in hiring and firing are inevitably more complex than markets for mere commodities. And one byproduct of this human complexity seems to be that modest increases in wages for the least-paid don’t necessarily reduce the number of jobs.
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  • The tax credit — which has traditionally had bipartisan support, although that may be ending — is also good policy. But it has a well-known defect: Some of its benefits end up flowing not to workers but to employers, in the form of lower wages. And guess what? An increase in the minimum wage helps correct this defect. It turns out that the tax credit and the minimum wage aren’t competing policies, they’re complementary policies that work best in tandem.
Javier E

The Obama Realignment - NYTimes.com - 0 views

  • When you do it once, it’s just a victory. When you do it twice, it’s a realignment.The coalition that Barack Obama put together to win the presidency handily in 2008 looked a lot like the emerging Democratic majority that optimistic liberals had been discerning on the political horizon since the 1990s. It was the late George McGovern’s losing coalition from 1972 finally come of age: Young voters, the unmarried, African-Americans, Hispanics, the liberal professional class – and then more than enough of the party’s old blue collar base to hold the Rust Belt for the Democrats.But 2008 was also a unique political moment, when George W. Bush’s immense unpopularity was compounded by a financial collapse, and when the possibility of electing the country’s first black president fired the imagination of the nation (and the nation’s press corps). So it was still possible to regard the Obama majority of ’08 as more flukish than transformative – or at the very least, to see it as a fragile thing, easily shattered by poor choices and adverse developments.
  • the lesson of the election is that the Obama coalition was truly vulnerable only to a Republican Party that took Obama seriously as an opponent – that understood how his majority had been built, why voters had joined it and why the conservative majority of the Reagan and Bush eras had unraveled.Such understanding eluded the Republicans this year.
  • In part, that failure can be blamed on their standard-bearer, Mitt Romney, who mostly ran as a kind of vanilla Republican instead of showing the imagination necessary to reinvent his party for a new era.
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  • A weak nominee in many ways, he was ultimately defeated less by his own limitations as a leader, and more by the fact that his party didn’t particularly want to be reinvented, preferring to believe that the rhetoric and positioning of 1980 and 1984 could win again in the America of 2012.
  • You could see this belief at work in the confidence with which many conservatives insisted that the Obama presidency was not only embattled but self-evidently disastrous, in the way so many voices on the right sought to raise the ideological stakes at every opportunity, in the widespread conviction that the starker conservatives made the choice between left and right, the more votes they would win.
  • Those models were wrong about 2012, and they aren’t likely to be right about 2016 or 2020.
  • Tuesday’s result ratifies much of the leftward shift in public policy that President Obama achieved during his first term. It paves the way for the White House to raise at least some of the tax revenue required to pay for a more activist government and it means that the Republicans let a golden chance to claim a governing coalition of their own slip away.
  • just as Reagan Republicanism dominated the 1980s even though the Democrats controlled the House, our own era now clearly belongs to the Obama Democrats even though John Boehner is still speaker of the House.
  • there will come a day when a Republican presidential candidate will succeed where Mitt Romney just failed.But getting there requires that conservatives face reality: The age of Reagan is officially over, and the Obama majority is the only majority we have.
Javier E

Billionaires Going Rogue - NYTimes.com - 0 views

  • The virtually unanimous view throughout the course of four decades of revised regulation was that the Republican Party and its candidates would be the major beneficiaries, and, so far, that has been true.
  • in 2010 — in the aftermath of deregulation — the balance skewed decisively to the right. In the current 2011-12 election cycle, it shifted overwhelmingly to the right:
  • The movement rightwards of almost half a billion dollars in this cycle alone — signified by the red bar on the graph representing Republican donations — is not, however, the pure gold that analysts on both sides expected.
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  • the Republican Party and the conservative establishment is institutionally stronger than the Democratic Party, with an infrastructure that served as a bulwark through the 1960s and 70s
  • The right wing of the Republican Party has more disruptive potential than the left wing of the Democratic Party because it is more willing to go to extremes:
  • While, the rapid growth of well-financed and autonomous competitors threatens all existing power structures, the bulk of the costs are likely to fall on the Republican Party.
  • The most powerful weapon of all was always the oversight exercised by party leaders over the flow of money to candidates
  • The Republican establishment has a full arsenal of weapons at its disposal, including endorsements, favored speaking engagements at key party gatherings, leverage over top consultants and a signaling process to show who has been anointed from on high.
  • Republicans, in contrast to Democrats, prefer hierarchical, well-ordered organizations, and are much more willing to cede authority to those in power.
  • Unleashed by Citizens United, a handful of renegade billionaires made life miserable for Mitt Romney, the establishment candidate. More importantly, it only took four men — Sheldon Adelson, the Las Vegas and Macao casino mogul; Harold Simmons, a Dallas-based leveraged buyout specialist; Foster Friess, a conservative Christian and a successful investor; and William Dore, a Louisiana energy company C.E.O. – to stun traditional party power brokers during the first four months of 2012.
  • turned the primary process into an open contest, giving full voice to the more extreme wings dominated by the Tea Party and the evangelical right.
  • The newly empowered billionaires are positioned to challenge the Republican Party at its point of greatest vulnerability, during the primaries.
  • These new players, along with their super PACs, undermine the influence of the parties in another crucial way. Before Citizens United, the three major Republican Party committees exerted power because their financial preeminence gave them the final word on the award of contracts to pollsters, direct mail, voter contact, and media consultants – very few of whom were willing to alienate a key source of cash.
  • The ascendance of super PACs creates a separate and totally independent source of contracts for the community of political professionals. Super PACs and other independent groups already raise more than any of the political party committees and almost as much as either the Republican or Democratic Party committees raise in toto.
  • “Who is the Republican Party in the Citizens United age? If you had to point to the ‘Republican Party’ would you be more likely to point to Reince Preibus (and implicitly the R.N.C.) or Karl Rove (and Crossroads G.P.S.)? I think candidates might consider Rove more important.”
  • the diminishment of the parties means that the institutions with the single-minded goal of winning a majority will be weakened. When parties are influential, they can help keep some candidates and office holders from going off the ideological deep end. The emergence of independently financed super PACs give voice to those with the most extreme views.
  • If the parties are eviscerated, the political system could adjust itself and regain vitality. But I doubt it. For all their flaws, strong political parties are important to a healthy political system. The displacement of the parties by super rich men determined to flex their financial muscles is another giant step away from democracy.
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