It’s not every day that the senate majority leader weighs in on a local fossil fuel infrastructure fight. It’s also not every day that—flanked by democratic socialists—he comes out against fossil fuel infrastructure more generally.
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On Friday, the White House announced a potentially important, if modest, effort to further tamp down the power of the technology industry. This time the instrument is an executive order—the kind of wide-ranging declaration that often gets called “sweeping” or “major,” though its efficacy may take years to gauge—that covers everything from competition in the economy to drug prices to reforming a tech sector that is defined by a handful of seemingly unstoppable titans. Offering a mix of general recommendations... Читать дальше...
News travels slowly in the summer months, so you may have missed this week’s signal that the Great American Labor Shortage of 2021 is easing: Fewer people are quitting their jobs.
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August 15, 1971, was a fateful day in the history of American economic policy: President Richard Nixon imposed far-ranging wage and price controls on the U.S. economy, abolished the fixed exchange rate system that had been in place since 1945, and took other significant actions to deal with inflation, which had become the economy’s overarching problem. In many ways, we are still dealing with the consequences of those actions.
Hillbilly Elegy, J.D. Vance’s bestselling 2016 memoir about growing up in rural Ohio, was often touted as a work of sociology that illuminated the white underclass that was thought to comprise Donald Trump’s base. For readers discomforted by Trump’s rise, particularly liberals, Hillbilly Elegy provided what The New York Times called a “compassionate, discerning” examination into the root causes of Trump’s appeal. But there was a limit to Vance’s compassion for his former neighbors. Hillbillies had been left behind... Читать дальше...
We may one day recall the summer of 2021 as defined by proliferating climate catastrophes, the Afghan war withdrawal, a desperate effort to vaccinate the public against Covid-19, and a rudderless federal government overseeing it all. But for a special class of the ultrarich, and the tech geeks who worship them, this will be the summer of the billionaire space race, as we witness who can burn through more money and public attention in the effort to escape the bonds of Earth’s gravity for, well, a few minutes. Читать дальше...
