A Baker's Dozen of Fairly-Recent Links
Joe Nocera: Forsyth Tech Shows How Community Colleges Can Help Middle Class: "Partnerships between schools and employers can better train students for available jobs.... Forsyth Tech under Green has become an exemplar of what a community college ought to be. Let me rephrase that: In this era when even blue-collar labor requires knowledge and training to make a decent wage, it is what community colleges have to be...
Tim Duy: Monday Morning Notes: Fed Week: "The reason the Fed continues to press on with the rate hike campaign is quite simple – the economy refuses to catch a cold, let along give up the ghost. As long as that is the case, the Fed will continue to ratchet up the pressure with gradual rate hikes. To be sure, there is plenty to worry about. Trade wars. Oil prices. Emerging markets. Political crisis in the U.S. It is reasonable to be concerned that these factors will eventually cause a real dent in the U.S. economy, but so far the economy and financial markets have remained remarkably resilient...
Joe Peek, Eric S. Rosengren, and Geoffrey M.B. Tootell: Some Unpleasant Stabilization Arithmetic: "Likely that FFR will hit ELB, short-circuiting countercyclical MP. Effects will not fall evenly on states. Limitations on what has been the first, and often the last, resort for countercyclical policy heightens importance of establishing adequate buffers for nonmonetary policy tools. Concerns about rising federal debt, limited state and local fiscal policy buffers, and any weakening of bank capital regulations...
Rev Rabia: Music Earthy and Spiritual
Baker and Commons: 2900 College Ave, Berkeley, CA 94705
Abbey Perreault: How Fish and Chips Migrated to Great Britain: "The fried fish was introduced by Jews fleeing religious persecution...
Courtney Lichterman: The Hidden History of Shanghai's Jewish Quarter: "... >As Hitler’s bid to rid the world of Jews escalated, so did the world’s refusal to let them in. What’s not well known is that when those borders, ports, doors, windows, and boundaries began shutting Jews out, in part by refusing to issue them visas, Shanghai, though already swollen with people and poverty, was the only place on Earth willing to accept them with or without papers...
Walter Jon Williams: Lifestyles of the Rich and Stupid: ".One of the joys of reading contemporary literary fiction is enjoying... close observation... done right, is delightful, but you have to hope that whatever is being observed is worth the effort, and so often it isn’t, as (for example) when the subject is adultery among the white American upper middle classes. (If you’re going to write about sex, why set it among the most boring people in the world? But I digress.)... East Coast white upper-middle class (which is one of the rules of literary fiction since the CIA’s cultural coup in the 1950s, meant to assure that serious writers would not insert political content into their works)...
Jenna Chandler: Proposition 10: California’s Rent Control Ballot Measure, Explained: "Who’s behind it, who’s against it, and what it will mean for Los Angeles...
Nicola Gennaioli and Andrei Shleifer: A Crisis of Beliefs: Investor Psychology and Financial Fragility https://books.google.com/books?isbn=0691184925
Wikipedi: Recessional: "Deuteronomy 6,12: 'Then beware lest thou forget the Lord which brought thee forth out of the land of Egypt...'
John Stuart Mill: Of the Influence of Consumption on Production
Nick Maggiuli: Why The Best Predictor of Future Stock Market Returns is Useless: "When average investor allocation to stocks is high, returns for the next 10 years are low, and when average investor allocation to stocks is low, returns for the next 10 years are high...
#shouldread
