America in the 1950s made the rich pay their fair share; it gave workers the power to bargain for decent wages and benefits; yet contrary to right-wing propaganda then and now, it prospered. And we can do that again. — Paul Krugman I hardly know where to begin with this . . . First of all, what is the relevance of the 1950s as opposed to any other period of American history? America prior to 1913 had no permanent income tax and contrary to left-wing propaganda, it prospered. Why can’t we do that again? Of course we’re all in favor of fairness — right? — but why is it only important that “the rich” pay their “fair share”? I don’t remember ever hearing anyone, certainly not Krugman, use the phrase “pay their fair share” in reference to any group except “the rich.” If you’re concerned about fairness, isn’t it also… Read more →
EppsNet Archive: New York Times
You Can Make It If You Try
“It’s becoming conventional wisdom that the U.S. does not have as much [economic] mobility as most other advanced countries,” said Isabel V. Sawhill, an economist at the Brookings Institution. “I don’t think you’ll find too many people who will argue with that.” — Harder for Americans to Rise From Lower Rungs – NYTimes.com I’ll argue with it . . . the fact that people are not doing something doesn’t necessarily mean it’s a hard thing to do. Maybe people aren’t trying to do it. Maybe people don’t want to do it. From Daniel Kahneman‘s Thinking, Fast and Slow: A large-scale study of the impact of higher education . . . revealed striking evidence of the lifelong effects of the goals that young people set for themselves. The relevant data were drawn from questionnaires collected in 1995-1997 from approximately 12,000 people who had started their higher education in elite schools in… Read more →
We Need Better Parents
Kids can’t do well in school unless their family has a lot of money, according to an op-ed in the New York Times, which goes on to argue that massive intervention by “policy makers” is needed to confront this issue head-on. The authors, Helen Ladd and Edward Fiske, are a husband-and-wife team of academic researchers. Education reform in a nutshell: First thing, let’s kill all the academic researchers. Helen and Ed cherry-picked the results of a Program for International Student Assessment (PISA) study to show that students with lower economic and social status had far lower test scores than their more advantaged counterparts. But they didn’t actually link to the PISA results, because if they had, people would see that Helen and Ed just ignored the three main findings, which are: Fifteen-year-old students whose parents often read books with them during their first year of primary school show markedly higher… Read more →
JoePa Shielding the Assets
STATE COLLEGE, Pa. — Joe Paterno transferred full ownership of his house to his wife, Sue, for $1 in July, less than four months before a sexual abuse scandal engulfed his Penn State football program and the university. — nytimes.com Read more →
Aside
Notes From a Dragon Mom: The truth about our children, about ourselves: none of it is forever.
E-Mails Reveal Early White House Worries Over Solyndra
A Solyndra investor, in an e-mail sent to the White House in late 2009, asked why the government had been willing to offer the solar start-up so much money. “One of our solar companies with revenues of less than $100 million (and not yet profitable) received a government loan of $580 million,” the investor, Brad Jones of Redpoint Ventures, wrote in December 2009 to Lawrence H. Summers, then the president’s chief economic adviser, referring to Solyndra. “While that is good for us, I can’t imagine it’s a good way for the government to use taxpayer money.” The investment, Mr. Jones said, demonstrated broad problems with the government loan program. “The allocation of spending to clean energy is haphazard; the government is just not well equipped to decide which companies should get the money and how much,” he wrote. — NYTimes.com If a company like Solyndra can generate energy at competitive… Read more →
Zero or Hero
The men, hailed as heroes across the country, will march in no parades. They serve in what is unofficially called Seal Team 6, a unit so secretive that the White House and the Defense Department do not directly acknowledge its existence. . . . Despite the mission’s success, former Seal members acknowledged the precariousness of the raid and the degree of luck involved. “If that thing had gone bad, the conversation you and I would be having would be completely different,” Mr. Shipley said. “There’s only two ways to go in these operations — zero or hero.” — New York Times Read more →
Hawk Cam
I’m mesmerized by the Hawk Cam. It’s amazing to me that hawks and other critters have all this knowledge programmed into them . . . when, where and how to build a nest, laying the eggs, sitting on them for a month, raising the hatchlings. Red-tailed hawks are monogamous, so the male stops by several times a day. Sometimes he brings a delicious rat. The nest is on the 12th floor ledge of a library at NYU. More info at the New York Times City Room blog. Read more →
Woody Allen
Q. How do you feel about the aging process? A. Well, I’m against it. [laughs] I think it has nothing to recommend it. You don’t gain any wisdom as the years go by. You fall apart, is what happens. People try and put a nice varnish on it, and say, well, you mellow. You come to understand life and accept things. But you’d trade all of that for being 35 again. I’ve experienced that thing where you wake up in the middle of the night and you start to think about your own mortality and envision it, and it gives you a little shiver. That’s what happens to Anthony Hopkins at the beginning of the movie, and from then on in, he did not want to hear from his more realistic wife, “Oh, you can’t keep doing that — you’re not young anymore.” Yes, she’s right, but nobody wants to… Read more →
Other Than That . . .
The social fabric is fraying. Human capital is being squandered. Society is segmenting. The labor markets are ill. Wages are lagging. Inequality is increasing. The nation is overconsuming and underinnovating. China and India are surging. —David Brooks, New York Times Point taken. But other than that, things are going okay, right? Read more →
Will Financial Regulation Make a Difference?
Banks are expected to find ways to offset the impact of the new financial regulations on their earnings, though they face a potentially complex process of adapting to the new requirements, analysts said on Friday. The share prices of some of the biggest United States banks, including Citigroup, JPMorgan Chase and Bank of America, were higher in afternoon trading, hours after a House-Senate conference committee completed work on a bill that would toughen financial regulations. Analysts pored over the specifics of the deal as they emerged on Friday and expressed a wide array of views about the impact it would have. Some saw the bill as more of a political statement than a practical measure that could prevent another financial meltdown. Others said banks’ costs would increase, but banks would pass the increased costs along to consumers. — NYTimes.com Read more →
Twitter: 2010-06-15
RT @jheitzeb New York Times 50 Most Challenging Words http://bit.ly/c9feQj #New #York #Times #NYT #Vocabulary # Read more →
Ted Kennedy and Mary Jo Kopechne
The most fitting eulogy I’ve read for Senator Kennedy . . . A Senator from Massachusetts has left office in the only manner possible for an incumbent Democrat, i.e., in a coffin. The New York Times leads off their story on Ted Kennedy’s death with “his sometimes-stormy personal life.” When I think of Ted Kennedy, though, my first thought is always sadness at the death of Mary Jo Kopechne, a promising young woman killed by Kennedy, who waited more than eight hours before seeking help for her rescue. One expects politicians to impoverish constituents with reckless spending; one does not expect them to kill constituents. . . . [Some friends asked today how I would have summarized Ted Kennedy’s biography, if not the way the New York Times did. I observed that he had spent his entire life either as the child of a wealthy family or as a government… Read more →
The Moreno Valley: Junkyard of OC Dreams
The Moreno Valley is now the poster child for American housing gone wrong, and the New York Times weighed in with one of their stock magisterial pieces, the kinds that read purty but don’t say jack shit about reality. The Orange County connection is that two of the homeowners profiled in the piece moved to the MV because they couldn’t afford apartments in OC, which should clue the rest of the nation into how stupid they were to buy into Moreno Valley. Reporter Jennifer Steinhauer doesn’t note that even people in Colton ridicule Moreno Valley residents for living there. It’s not an area “filled with people priced out of Los Angeles and Orange Counties, or looking to escape louder, less-safe cities,” as the Times notes; it’s a place for fools who weren’t smart enough to buy a house in Calimesa. Shit, even Beaumont is better than Moreno Valley, and Beamount… Read more →
Thomas Jefferson Wishes You a Happy Fourth
My fellow Americans — Happy Independence Day to all of you! Please take a few minutes on this day to look at a wonderful history lesson — about me! — by Maira Kalman, in which you’ll learn, among other things, that I actually wrote the Declaration of Independence! Thanks, Tom Read more →
Hot Dog Diplomacy
Iranian envoys hoping to get a piece of American pie, or at least a hot dog, will have to wait. The invitations extended last month to Iranian officials to attend Fourth of July celebrations at American embassies have been rescinded, reports The Times’s Mark Landler. — NYTimes.com Credit: misscharo I hope that’s because they continue to murder their own citizens in the streets and not just because they failed to RSVP in a timely manner. I stand side by side with President Obama in my support for human rights and opposition to totalitarian autocracy! NO IRANIAN DIPLOMATS WILL BE ALLOWED AT MY HOUSE FOR JULY 4 FESTIVITIES! Oh yeah, we’re playing hardball now . . . Read more →
Now It’s Tomorrow
Phoenix has achieved the unwelcome distinction of becoming the first major American city where home prices have fallen in half since the market peaked in the middle of the decade, according to data released Tuesday. — Home Prices Continued Their Decline in February – NYTimes.com Money quote from Greg Swann, a Phoenix real estate agent: “We were living during the boom like there was no tomorrow. And guess what? Now it’s tomorrow.” Read more →
Tweets on 2009-03-27
RT @presentationzen: NYTimes on learning how to think. http://snipurl.com/enerw [Are you a “hedgehog” or a “fox”?] # RT @KathySierra: RT @magdaZINE “math without numbers” http://www.morenewmath.com/all/ # Speak always and only when you believe it will improve the general results/effort ratio: http://tinyurl.com/5z2rg6 # Read more →
That’s Not Leadership
We can’t drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times … and then just expect that other countries are going to say OK. That’s not leadership. That’s not going to happen. — Barack Obama, May 16, 2008 Mr. Obama, who hates the cold, had cranked up the thermostat. “He’s from Hawaii, O.K.?” said Mr. Obama’s senior adviser, David Axelrod, who occupies the small but strategically located office next door to his boss. “He likes it warm. You could grow orchids in there.” — The New York Times, January 28, 2009 Read more →
Higher Education May Soon Be Unaffordable
The rising cost of college — even before the recession — threatens to put higher education out of reach for most Americans, according to the biennial report from the National Center for Public Policy and Higher Education. — NYTimes.com Good! Long overdue! There are way, way, way too many unqualified people getting college degrees. Higher education has been devalued to the point that you can’t swing a cat without knocking down some idiot with a graduate degree. Read more →