Trying to fix my old turntable in basement I turned into a voyeur

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Don’t watch the Sean Penn Hulu space show

Unless you really enjoy conventional, comfortable story telling. I have lot of sympathy for Sean Penn since he was visiting a relative on the same floor of hospital in LA where my mother was for a time. But I can’t say I ever liked him as an actor, and the chapo and macho shtick is lame. His new vehicle on Hulu….I am a sucker for space shows, but this was god awful. Tiresome and predictable plotting, writer’s room choices, and scenes: (“how about she runs a tattoo parlor!?”; “let’s copy that scene from Contact, maybe? Oh good idea I loved that scene!”; “let’s make the explosion be the same as the Challenger!”).  BTW, what male astronaut does not have a buzz cut?  Could they not have the central character be a Sunita Williams type, in 2018?

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I think I may be done with Iain Banks: Against a Dark Background

I finished Against a Dark Background earlier this week. A basic adventure space opera with a sympathetic android and a fairly obvious bad guy who is slowly revealed.  It moves quickly and occasionally the settings are interesting but quite often they veer towards the silly/sophomoric. Nuance is present occasionally, but stock emotions and characterization prevail. Technique is interweaving flash backs without clear signals. Less experienced readers will be confused. Aims for noirish despair in tone, occasionally succeeds.

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Legacy of slavery in the United States: a few readings and perspectives

Heather O’Connell and Robert Reece find sizable correlation of extent of slavery with public school enrollment and attendance in the present (see summary here):

Drawing from our regression analysis, we argue that slavery history shaped the local social structure in a way that facilitates contemporary white disinvestment from public school systems. We examine two potential explanations for this legacy of slavery—the number of private schools and racial threat—particularly their manifestation within the Deep South. Despite evidence of subregional differences rooted in history, neither pathway explains the initial slavery association. We argue that processes tied to the legacy of slavery are a foundational component of black disadvantage and that further examination of this foundation is necessary to stem the tide of recent resegregation.

And slave counties had considerably slower decline in a major public health outcome, heart disease mortality, according to a multi-author study:

Nearly 50 years of declining heart disease mortality is a major public health success, but one marked by uneven progress by place and race. At the county level, progress in heart disease mortality reduction among Blacks is associated with place-based historical legacy of slavery. Effective and equitable public health prevention efforts should consider the historical context of place and the social and economic institutions that may play a role in facilitating or impeding diffusion of prevention efforts thereby producing heart healthy places and populations.

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Glenn Loury back in 1998 had many interesting things to say on the issue. An example from his essay, provocative to some but to others almost banal in its reasonableness:

A social scientist of any sophistication recognizes that societies are not amalgams of unrelated individuals creating themselves anew–out of whole cloth, as it were–in each generation. A complex web of social connections and a long train of historical influences interact to form the opportunities and shape the outlooks of individuals. Of course, individual effort is important, as is native talent and sheer luck, for determining how well or poorly a person does in life. But social background, cultural affinities, and communal influence are also of great significance. This is the grain of truth in the conservatives’ insistence that cultural differences lie at the root of racial inequality in America. But the deeper truth is that, for some three centuries now, the communal experience of the slaves and their descendants has been shaped by political, social, and economic institutions that, by any measure, must be seen as oppressive.

More regression analysis from Acharya, Blackwell and Sen:

We show that contemporary differences in political attitudes across counties in the American South trace their origins to slavery’s prevalence more than 150 years ago. Whites who currently live in Southern counties that had high shares of slaves in 1860 are more likely to identify as a Republican, oppose affirmative action policies,and express racial resentment and colder feelings toward blacks. These results cannot be explained by existing theories, including the theory of racial threat. To explain the results, we offer evidence for a new theory involving the historical persistence of racial attitudes. We argue that, following the Civil War, Southern whites faced political and economic incentives to reinforce racist norms and institutions. This produced racially conservative political attitudes, which in turn have been passed down locally across generations. Our results challenge the interpretation of a vast literature on racial attitudes in the American South.

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Sexual harassment in factories in Indonesia: extraordinary short documentary

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Tariffs and trade wars, some comments

We are having an informal Civil Society Institute discussion on the tariffs and trade war issue this week, so I  thought I would do a little round-up.

My friend Tom Prusa summarizes some of the basics for a New Jersey television program: “Are people going to lose jobs? You cannot have the type of protection that are being announced and now being implemented without loss of jobs. This is almost unprecedented, the level of tariffs that not just the United States, but other countries are currently now ready to apply.”

Tom may have overlooked one job creation bright spot: “As of Thursday afternoon, the department had received more than 10,000 applications to exclude certain products from the tariffs. Earlier this month, a Commerce spokesperson told Marketplace it has expanded its staff from six people to 19 to process the applications. Officials did not respond to a request for more details about the qualifications of those staffers.”

The irony should not be lost: the party of deregulation is creating a regulatory tariff structure where the often arbitrary decisions of bureaucrats makes private enterprise more or less profitable. Reason.com is all over that aspect of the trade wars.

Economists predict at their peril: June 1: ““I do think this throws a wrench into the NAFTA negotiations and find it very unlikely that they’re going to conclude positively any time soon,” said Chad Bown, a senior fellow at the Peterson Institute for International Economics.” October 1: New trade agreement announced.

Much discussion about soybeans since they matter for politics (because small-population farm states have so much overrepresentation in the Senate):

Soybean Prices – 45 Year Historical Chart

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As can see, despite recent falls in prices, soybean prices are still at hostoric highs. “Don’t cry for me soybean farmers…”

Posted in Teaching international trade, Teaching macroeconomics | Leave a comment

Photo of readers in Sheigu library in Upper East, #Ghana

reading in library sm

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