Relevant and even prescient commentary on news, politics and the economy.

The death of free trade?

Robert Kutner has a paywalled article in The New York Review of Books about the history of free trade and the efforts since Trump’s first term to impose tariffs, particularly on China, beginning with the first Trump Administration. “Free trade ideology once aligned with America’s economic and security interests. After World War II, open markets […]

The Day Of . . .

I forgot, today is December 7th, The day in 1941, the Japanese bombed Pearl Harbor in a surprise and unexpected attack. As many other men did, my dad served in the military onboard a destroyer escort. I can only imagine what he and others went through even though I am ex-military myself. Prof. Heather’s message […]

Wealth –  Money – Worth

When an economy produces goods and services above and beyond the requisite, i.e., produces an abundance, it creates wealth.  Ten-eleven thousand years ago, this wealth was likely food stored for winter, that rainy day, that dry season, … .  Today, for some, this abundance/wealth might include assets such as fine houses, lifestyle, money, …; and […]

Global Health and Climate Change

“9 local story ideas from the 2024 Lancet Countdown report on climate change and health” – by Naseem S. Miller The Journal’s Resource Health threats from climate change are reaching record-breaking levels, affecting people in every country, according to the eighth annual Lancet Countdown on Health and Climate Change report, which provides an up-to-date assessment of […]

The Fall

So many flaws, so many mistakes made; does America even deserve to exist? Does any country that would elect such a person president? Now twelve score and eight, this nation so boldly brought forth on this continent has, in the main, gotten better and better; until it didn’t.  That nation so many have loved so […]

Over-reaction to new data. What have you done for me lately ?

An explanation of over-reaction to new data starts with a principal agent model. The idea is that the forecasts are made by agents who are trying to impress people who pay for the forecasts.  Another, and more important, case is that of professional money managers who are investing other people’s money and trying to convince […]

Sarah Josepha Hale imagined a day of Christian Celebration.

– by Sarah Laskow Atlas Obscura November 23, 2016 By the time she started pitching Thanksgiving to America, Sarah Josepha Hale knew her power. She was edging towards 60, and for a decade she had been the editress (her preferred term) of Godey’s Lady’s Book, one of the most widely read publications in the United States. Women followed […]

Yellville – Tossing a Turkey Out of a Plane

– by Annie Lowrey The Atlantic, November 20, 2018 A Thanksgiving story about the limits of human empathy . . . YELLVILLE, Ark.—It is October in the Ozarks. The grass has dried out and the trees have bronzed and browned. Deer lie glaze-eyed in the back of camouflaged pickup trucks. High-school football helmets crack every […]

Thanksgiving is the quintessential American holiday . . .

but not for the reasons we generally remember. – by Prof. Heather Cox – Richardson, Letters from an American The Pilgrims and the Wampanoags did indeed share a harvest celebration together at Plymouth in fall 1621, but that moment got forgotten almost immediately, overwritten by the long history of the settlers’ attacks on their Indigenous […]

Investing in People soon to be the One – Percenters

November 25, 2024 By Heather Cox Richardson Letters from an American Today, President Joe Biden laid out very clearly the argument behind the economic policies his administration has put into place. He writes . . . “When I took office, the pandemic was raging and the economy was reeling. From Day One, I was determined […]