Annual Growth Rate Under Different Presidents

• David Leonhardt and Yaryna Serkez do an excellent job of laying out how much better economic gains have been historically under Democratic administrations, writing “Why Are Republican Presidents So Bad for the Economy?” in the NY Times.  Some excepts:

“Since 1933, the economy has grown at an annual average rate of 4.6 percent under Democratic presidents and 2.4 percent under Republicans, according to a Times analysis. In more concrete terms: The average income of Americans would be more than double its current level if the economy had somehow grown at the Democratic rate for all of the past nine decades.”

and:

Annual Growth Rate Under Different Presidents

2021-02-03T21:24:29-05:00February 3rd, 2021|HomeRecommended|

Tim Cook on Privacy vs. the Social Network

From an article in Inc. by Justin Bariso, reporting on a speech Tim Cook gave at Brussels’ International Data Privacy Day; excerpted from the talk:

“Technology does not need vast troves of personal data stitched together across dozens of websites and apps in order to succeed. Advertising existed and thrived for decades without it, and we’re here today because the path of least resistance is rarely the path of wisdom.

If a business is built on misleading users on data exploitation, on choices that are no choices at all, then it does not deserve our praise. It deserves reform.

We should not look away from the bigger picture and a moment of rampant disinformation and conspiracy theory  juiced by algorithms. We can no longer turn a blind eye to a theory of technology that says all engagement is good engagement, the longer the better, and all with the goal of collecting as much data as possible.

Too many are still asking the question, ‘How much can we get away with?’ When they need to be asking, ‘What are the consequences?’

What are the consequences of prioritizing conspiracy theories and violent incitement simply because of the high rates of engagement?

What are the consequences of not just tolerating but rewarding content that undermines public trust in life-saving vaccinations?

What are the consequences of seeing thousands of users joining extremist groups and then perpetuating an algorithm that recommends even more?

It is long past time to stop pretending that this approach doesn’t come with a cause. A polarization of lost trust, and yes, of violence.

A social dilemma cannot be allowed to become a social catastrophe.”

Well said.

2021-01-30T10:28:38-05:00January 30th, 2021|Home, Musings|

The judgement of history will indeed be damning…

• Jennifer Senior delivers an excellent read in her NYT opinion essay Good Riddance Leader McConnell.  One delightful and fitting except re. McConnell:

“So if hitching his wagon to a sub-literate mob boss with a fondness for white supremacists and a penchant for conspiracy theories and a sociopath’s smirking disregard for the truth meant getting those tax cuts and those conservative judges … hey, that’s the cost of doing business, right?”

2021-01-19T09:22:50-05:00January 19th, 2021|HomeRecommended|

Excess Deaths in the US

Katz, Lu, and Sanger-Katz, writing in the NY Times, provide some perspective on what the SARS-CoV-2 pandemic has meant in the US; using mortality data from the CDC, there were some 400,000 more deaths than normal from March 15, 2020 through December 26, 2020.  Researchers from USC and Princeton estimate that average US life expectancy has declined by 1.13 years to 77.48 years, the lowest since 2003.  Reductions for Black and Latino populations are 3-4 times more than for Whites.

2021-01-20T12:44:02-05:00January 15th, 2021|HomeRecommended|
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