Saturday, May 12, 2018
Friday, May 11, 2018
Baylor University lecturer imagines materialism isn't an ideology
And, by cracky, what we need is ideology, here:
Abraham Lincoln watched [democracy] dissolve in the early years of his presidency, but he understood that the real foundation of the U.S. was an ideological enterprise, not a material nuts-and-bolts one. For him, the Declaration of Independence was a more important founding document than the Constitution, even though that's what the inconclusive political fights leading up to the Civil War had all been about.
To these people just as to Lincoln, the Constitution is the problem.
Reminds me of no one so much as Obama. Definitely a Yankee that guy is.
Mommas don't let your babies grow up to go to Baylor.
Arbeit macht GDP: At root America's basic economic problems lie at every level in not working enough
There is no age tranche working up to its potential, especially not teenagers, but also not the college-aged, not the core 25 to 54 years, and now not even the over 55 crowd. The latter in fact has only been held up more or less by those over 65 ramping up their participation in the wake of The Great Recession.
It all starts with the phenomenon of "failure to launch" in the teenage years. Baby Boomers didn't simply have fewer children and work less. They had fewer children who also lacked a vigorous work ethic. And that now appears institutionalized in the children of the children as well. This has now rippled through the system, as can be seen in the increasingly later dates for peak average annual participation in the age tranche charts below (1979, 1987, 1997, 2012, and 2016-2017?). GDP will not improve without a cultural reestimation of work. And a return to work will not occur without a need to return, which can only mean one thing:
16 to 19 |
20 to 24 |
25 to 54 |
55 and over |
65 and over (subset) |
Wednesday, May 9, 2018
So John McCain announces he opposes Trump's CIA nominee
All I can say is he'd better hurry up with the rest of the items on his bucket list.
I don't know what I'll do if I don't find out about the breakfast cereals he forbids before he dies.
Tuesday, May 8, 2018
The money line of the day comes from Niall Ferguson
Here in The Boston Globe:
A state that requires dictatorship to be stable is not as strong as it looks — just as one based on individual liberty is not as weak as it looks.
Monday, May 7, 2018
Sunday, May 6, 2018
Hooah: 2nd Fleet, deactivated in 2011, to resume operations to protect East Coast and North Atlantic
Read all about it, here.
The article from WaPo is confused about the US Fleet. The 7th Fleet is Japan-based. The Italy-based Fleet is the 6th, not the 7th.
"Navy officials had previously recommended reactivating the fleet as part of broader force structure reviews following last year's deadly row of collisions among ships at the Japan-based 7th Fleet. In a separate statement, Richardson invoked Defense Secretary Jim Mattis' national defense strategy as key guidance to reestablish the fleet, which will extend halfway across the Atlantic until it meets the area of responsibility for Italy-based 7th Fleet."
The Limbaugh Theorem again, in a headline: Republicans run like they're not in charge of anything
Rush will never admit that this is the same thing that Obama did, but it is.
It's especially true of Trump, who as president could run an operation to secure the southern border (without congressional support, approval or even funding) just like Eisenhower, but won't. Instead he pretends there's some nefarious impediment keeping him from doing his job, which he isn't going to have after 2020 if he doesn't get down to business.
Trump has no jobs achievement, let alone an historic one
The idea that Trump has an historic jobs achievement is based on the increasingly meaningless unemployment rate, which notoriously doesn't count many people who are not working. The idea that "essentially every American who wants a job could find one" is rubbish. For the anecdotal evidence, I suggest you ask any of the millions of unemployed and underemployed non-management people over the age of 50, most of whom got their walking papers in the Great Recession because they made too much money in the opinion of management. If you are looking for the hidden, nefarious, recalcitrant forces of deflation in the American economy, look there.
The federal government actually tracks everyone who wants a job but still doesn't have one. They presently number 5.1 million, well above the average low for the data series in 2000 at 4.4 million. But even this number fails to capture the real scope of current labor slack.
If we had a real jobs recovery going on, we'd have employment at pre-Great Recession levels. We don't. Total employed as a percentage of the population in April 2018 is at not quite 60.4%. Before the recession it averaged 63.2% over the previous twelve years. That latter rate would yield 162.6 million working in April 2018 instead of the 155.3 million we actually have.
It's that simple. We have the people. What we're missing is 7.3 million of them working.
Them's the facts, no matter what the cheerleaders for Trump keep shouting.
Robin Williams unknowingly suffered from diffuse Lewy body dementia, the second most common form after Alzheimer’s
From the story here:
Three months later, the autopsy results came in. His brain had left its own suicide note.
Saturday, May 5, 2018
Grand Rapids, Michigan, Climate Update for April 2018
Grand Rapids, Michigan, Climate Update for April 2018
Max temp 74, Mean Max temp 79
Min temp 16, Mean Min temp 22
Av temp 40.1, Mean Av temp 46.5
Precip 2.85, Mean precip 3.30
Snowfall 6.0, Mean snowfall 2.4
Heating Degree Days 740, Mean HDD 553
Using HDD, the cold season to date has been just 1% warmer than the mean. Season to date HDD were 6339 vs. season to date mean of 6403.
Friday, May 4, 2018
John Boltneck Kerry, private citizen, has been conducting foreign policy secretly with Iran
A commenter to the story here has it about right:
The liberal media was quick to label possible foreign contact by the Trump campaign as a Logan Act violation. Kerry pursuing his own foreign policy out of office ... no problem. Hypocrite, thy name is liberal democrat.
Maybe dropouts from the labor force were a cause of the Great Recession rather than a result
The high rate of dropping out of the labor force we've become accustomed to since the Great Recession actually predates it by a decade, suggesting that dropping out may be a cause of the Great Recession rather than a result of it. Continued slow growth of GDP since the Great Recession can also be explained by the absence of these inputs.
Jeffrey Snider: Fix the suffering in the labor force or next time you might actually get socialism
Here:
The American labor force is suffering like it hasn’t since the 1930’s, but nobody seems willing to challenge Economists’ easily disproved claims.
Into that vacuum had swept Mr. Trump himself, but also Mr. Sanders. The mere election of the former didn’t immediately fix the problem; rather, things have gotten worse since the campaign ended (to be clear, it had nothing to do with Trump . . .). May Day is still only trending toward becoming an official holiday.
Thursday, May 3, 2018
Bill Cosby's lasting contribution to America: Finally SOMEONE gets child rapist Roman Polanski booted from The Academy of Motion Picture Arts and Sciences
There was NO WAY the black guy was going to get expelled while the white guy got to remain.
Way to go Brownie!
Story here.
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