There is a long, detailed article in the May 5, 2025, issue of New York Magazine on Fetterman going around.
In the era of Biden, it is curious and disturbing for both motive and content.
https://archive.is/lNHNh#selection-2123.133-2127.10
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On this day:
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On this day:
1481
The largest of three earthquakes strikes the island of Rhodes and causes an estimated 30,000 casualties.
The largest of three earthquakes strikes the island of Rhodes and causes an estimated 30,000 casualties.
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The New York Rangers have hired Mike Sullivan as coach, days after he left his job with the Pittsburgh Penguins.
Sullivan's deal is for five years and will make him the highest paid coach in NHL history, sources told ESPN's Emily Kaplan
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SatStats
By 2034, mandatory spending will be $8.3 trillion and consume 80 percent of the budget. That leaves 20 percent for Congress to oversee annually.
By 2034, mandatory spending will be $8.3 trillion and consume 80 percent of the budget. That leaves 20 percent for Congress to oversee annually.
Imagine that. And imagine the 'philosophy' that has encouraged it. Now imagine the huge spectrum of ways it will be solved--and it will be solved, one way or the other.
There are many problems in this world. This is the Americans' biggest.
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Arizona now uses 3 percent less water than it did in 1957, despite having a population that’s mushroomed by more than 555 percent since then.
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Arizona now uses 3 percent less water than it did in 1957, despite having a population that’s mushroomed by more than 555 percent since then.
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Keynesians assume the Chinese save because they can’t rely on social benefits like America’s Social Security, which may even be true, but the high savings rate isn’t China’s problem. The low productivity of those savings is.
The political controls on the economy that created this situation aren’t going away under Mr. Xi and will thwart the Keynesians’ longed-for virtuous circle. Any new money funneled into consumption will land in a business ecosystem facing the same financial-political inhibitions on productive investment as before. A paradox: If China were capable of benefiting from a new spending stimulus, the economy wouldn’t need one.--wsj
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Encouragingly for gas-powered cars, the 2022 model year saw the largest single-year improvement in CO2 emission rates and fuel economy in nine years. All while horsepower keeps going up.
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For the eleven years from 1930 through 1940, net private investment totaled minus $3.1 billion, and only in 1941 did annual net investment finally exceed the 1929 amount. No economy can prosper when it goes more than ten years without adding to its capital stock, and economists of various schools agree that the failure of private investment to recover accounts in great part for the Great Duration.--Higgs
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According to the National Oceanic and Atmospheric Administration, wildfires have the “lowest confidence” among natural disasters that researchers attribute to climate change.
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Between January 2016 and December 2022, the monthly antidepressant dispensing rate increased 66.3%, from 2575.9 to 4284.8. Before March 2020, this rate increased by 17.0 per month (95% confidence interval: 15.2 to 18.8). The COVID-19 outbreak was not associated with a level change but was associated with a slope increase of 10.8 per month (95% confidence interval: 4.9 to 16.7). The monthly antidepressant dispensing rate increased 63.5% faster from March 2020 onwards compared with beforehand. In subgroup analyses, this rate increased 129.6% and 56.5% faster from March 2020 onwards compared with beforehand among females aged 12 to 17 years and 18 to 25 years, respectively. In contrast, the outbreak was associated with a level decrease among males aged 12 to 17 years and was not associated with a level or slope change among males aged 18 to 25 years.
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Addiction kills more Americans than cancer or heart disease, but only 4% of people with substance use disorders currently receive medication.
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Argentina was not quite as rich in the early days as it is sometimes made out to be:
Argentina’s performance on this measure is frequently exaggerated. In 1929, for example, Argentina’s per capita income was less than half of the average of other temperate agrarian societies (such as Canada and Australia) and of European industrialized countries (such as Great Britain, Germany, Belgium, and Sweden). In 1969 and in 1929, it was 38 percent of the U.S. figure…
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Only four of the 100 most-cited scientific papers on AI in 2022 were German. That compares with 68 for the U.S. and 27 for China.
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Singapore, Hong Kong, and Taiwan are closing gender gaps in pay, seniority, and parliamentary representation. Japan and South Korea, meanwhile, have the largest gender pay gaps in the OECD. Management remains 85% male. Female graduates are treated like secretaries, expected to pour the tea and run errands. (Somebody has to pour tea and run errands.)
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Shipping goods with a value less than $800 in the US (150 EUR in Europe) is import duty-free – something Chinese firms like Temu and Shein have been taking advantage of, accounting for an estimated 30% of such “de-minimis” shipments last year.
The political controls on the economy that created this situation aren’t going away under Mr. Xi and will thwart the Keynesians’ longed-for virtuous circle. Any new money funneled into consumption will land in a business ecosystem facing the same financial-political inhibitions on productive investment as before. A paradox: If China were capable of benefiting from a new spending stimulus, the economy wouldn’t need one.--wsj
***
Encouragingly for gas-powered cars, the 2022 model year saw the largest single-year improvement in CO2 emission rates and fuel economy in nine years. All while horsepower keeps going up.
***
For the eleven years from 1930 through 1940, net private investment totaled minus $3.1 billion, and only in 1941 did annual net investment finally exceed the 1929 amount. No economy can prosper when it goes more than ten years without adding to its capital stock, and economists of various schools agree that the failure of private investment to recover accounts in great part for the Great Duration.--Higgs
***
According to the National Oceanic and Atmospheric Administration, wildfires have the “lowest confidence” among natural disasters that researchers attribute to climate change.
***
Between January 2016 and December 2022, the monthly antidepressant dispensing rate increased 66.3%, from 2575.9 to 4284.8. Before March 2020, this rate increased by 17.0 per month (95% confidence interval: 15.2 to 18.8). The COVID-19 outbreak was not associated with a level change but was associated with a slope increase of 10.8 per month (95% confidence interval: 4.9 to 16.7). The monthly antidepressant dispensing rate increased 63.5% faster from March 2020 onwards compared with beforehand. In subgroup analyses, this rate increased 129.6% and 56.5% faster from March 2020 onwards compared with beforehand among females aged 12 to 17 years and 18 to 25 years, respectively. In contrast, the outbreak was associated with a level decrease among males aged 12 to 17 years and was not associated with a level or slope change among males aged 18 to 25 years.
***
Addiction kills more Americans than cancer or heart disease, but only 4% of people with substance use disorders currently receive medication.
***
Argentina was not quite as rich in the early days as it is sometimes made out to be:
Argentina’s performance on this measure is frequently exaggerated. In 1929, for example, Argentina’s per capita income was less than half of the average of other temperate agrarian societies (such as Canada and Australia) and of European industrialized countries (such as Great Britain, Germany, Belgium, and Sweden). In 1969 and in 1929, it was 38 percent of the U.S. figure…
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Only four of the 100 most-cited scientific papers on AI in 2022 were German. That compares with 68 for the U.S. and 27 for China.
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Singapore, Hong Kong, and Taiwan are closing gender gaps in pay, seniority, and parliamentary representation. Japan and South Korea, meanwhile, have the largest gender pay gaps in the OECD. Management remains 85% male. Female graduates are treated like secretaries, expected to pour the tea and run errands. (Somebody has to pour tea and run errands.)
***
Shipping goods with a value less than $800 in the US (150 EUR in Europe) is import duty-free – something Chinese firms like Temu and Shein have been taking advantage of, accounting for an estimated 30% of such “de-minimis” shipments last year.
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