Daily Clips

Daily Clips: April 7, 2017

On days like this, let’s listen to Orwell:

“The war, therefore if we judge it by the standards of previous wars, is merely an imposture. It is like the battles between certain ruminant animals whose horns are incapable of hurting one another. But though it is unreal it is not meaningless. It eats up the surplus of consumable goods, and it helps to preserve the special mental atmosphere that the hierarchical society needs. War, it will be seen, is now a purely internal affair. In the past, the ruling groups of all countries, although they might recognize their common interest and therefore limit the destructiveness of war, did fight against one another, and the victor always plundered the vanquished. In our own day they are not fighting against one another at all. The war is waged by each ruling group against its own subjects, and the object of the war is not to make or prevent conquests of territory, but to keep the structure of society intact. The very word “war,” therefore, has become misleading. It would probably be accurate to say that by becoming continuous war has ceased to exist. The peculiar pressure that is exerted on human beings between the Neolithic Age and the early twentieth century has disappeared and has been replaced by something quite different. The effect would be much the same if the three superstates, instead of fighting one another, should agree to live in perpetual peace, each inviolate within its own boundaries. For in that case each would still be a self-contained universe, freed forever from the sobering influence of external danger. A peace that was truly permanent would be the same as a permanent war. This–although the vast majority of Party members understand it only in a shallower sense–is the inner meaning of the Party slogan: WAR IS PEACE.”

George Orwell, 1984

Daily Clips: April 6, 2017

Andrew Sullivan talks about his expectations for the next few years: Sullivan is a bright light in the conservative movement (which means he’s essentially a modern day Democrat). His viewpoints on Trump’s follies so far are enlightening and humbling. He has a terrible segment on LGBT and Black Lives Matter…you’ve been warned.

Mark Meadows wants the AHCA to take even more from the poor: Trickle Downer of the week.

Jeff Bezos Says he is selling $1 billion a year in Amazon stock to finance race to space: Sure would be useful if Washington had a capital gains tax.

If California adopts universal health care, it will be a model for the whole country: 

California may be the state to show the way forward. In February, Senate Bill 562 was introduced to create a single-payer health-care system that would cover all 38 million Californians. The program would eliminate copays and insurance deductibles, and “inpatient, outpatient, emergency care, dental, vision, mental health and nursing home care” would be covered. The funding specifics have not yet been provided, but this is still a significant step forward in the fight for universal health coverage.

Nordstrom brothers’ compensation doubled last year as retailer struggled: Not an Onion headline.

Daily Clips: April 5, 2017

NRA buys ads for Gorsuch:

ObamaCare has majority support for first time: The American people are so capricious.

Critics slam Ivanka Trump’s ‘hypocritical’ tweet about Equal Pay Day: People Magazine is starting to publish stories like this. It’s depressing that they are sometimes more forceful than CNN.

Private sector adds 263,000 jobs in March

In Bellevue, worries that homeless shelter would bring crime, Seattle ‘scourge’: Pathetic.

Tweet of the day:

Daily Clips: April 4, 2017




America’s opioid problem according to David Brooks:

An anti-opioid effort won’t be effective unless it’s part of a broader effort at social and economic reweaving, a set of efforts to either help people move out of rural, blighted communities or to find jobs and social networks while there.

Or…you know…We could severely limit the amount of opioids that can be prescribed?

Jared Kushner has a full plate:

Offhand, I am not aware of any White House staff member in recent history who has had such an important and diverse array of responsibilities. One would have to go back to Harry Hopkins, one of Franklin D. Roosevelt’s closest advisers, to find someone similar. But although Hopkins worked on both domestic and foreign policy, he didn’t work on them simultaneously, as Mr. Kushner appears to be doing.

Governors from 4 marijuana states ask feds to leave them alone: Good on ’em.

No raise? It’s not you, it’s the company:

The kind of company you work for makes a big difference to your chances of getting raises, new research has found. This adds to growing evidence that what goes on inside firms matters beyond their walls. Researchers have shown that company-level differences have become large enough to influence national productivity growth and overall wage inequality. The new study suggests they affect income mobility, too.

Tweet of the day:

Daily Clips: April 3, 2017

Free speech as battleground:

Censorship used against our enemies will soon be used against us. The Left will never win the battle of ideas by trying to suppress opposing arguments. The only way to win is by a concerted, long-term effort to out-argue, out-educate, and out-organize the Right.

When all else fails cut tax cuts for the rich:

But only those without commitment to the one true faith—supply-side economics—would be deterred by that history. This isn’t about economic growth, or jobs, or anything else. Cutting taxes for the rich is just what Republicans do. It’s what keeps them coming back to work, the joyful prospect that our nation’s virtuous nobles might find relief from the oppressive burden of taxation that weighs so heavily upon them.

Melinda Gates: Contraceptives are ‘anti-poverty innovation’ and Donald Trump’s foreign aid cuts are hurting millions of women

Republicans want to do away with more regulations: What an evergreen headline that is! This time, it’s in reference to the Dodd-Frank Act.

Tweet of the day:

Daily Clips: March 31, 2017

Immigrants are making the US economy better:

If an increase in population always made wages fall, the Baby Boom would have immiserated the American worker. When new workers come, new businesses often start to take advantage of the sudden abundance. In the U.S., it’s often the immigrants themselves who start those new businesses. If the business expansion rate keeps pace with the immigration rate, native-born wages don’t need to fall.

The robot debate is over: the jobs are gone and they aren’t coming back:

There is another important insight: these jobs losses and lower wages are likely to have a lasting and devastating effect. Author Daron Acemoglu told the New York Times that, “even if overall employment and wages recover, there will be losers in the process, and it’s going to take a very long time for these communities to recover. The market economy is not going to create the jobs by itself for these workers who are bearing the brunt of the change.”

Here’s how the U.S. got to $20 trillion in debt

Cullen Roche: Why capitalism can’t fix healthcare: Wonky read but worth it.

Tweet of the day:


Daily Clips: March 29, 2017

Seattle remains nation’s hottest home market, with biggest price growth in 3 years: Good and bad news, I suppose.

Trump administration rolls back protections for people in default on student loans: I found this article on r/economics and here is the *brilliant* top comment from u/matty_a.

Just remember kids, if you’ve gone to college to try and better yourself and things go south, you’re not entitled to the protections of bankruptcy.

If you take on a high-risk real estate deal in a floundering American city, don’t pay your subcontractors, and lose everything then you’re not only entitled to bankruptcy protections and allowed to keep the rest of the millions you inherited/earned, but you can also not pay income taxes for the decades that follow.

Wells Fargo reaches $110 million settlement on fake accounts: That’ll teach ’em.

Here are the 10 states with the highest minimum wages

Tweet of the day: Tommy Friedman spitting fire.


Daily Clips: March 27, 2017

Four lessons from the AHCA collapse: Each of the following points are fleshed out beautifully by Mike Konczal.

1. This is the GOP’s fault

2. Activism works

4. Universalism works

4. Wonks get lost in their echo chambers

Tax cuts don’t lead to economic growth, a new 65-year study finds:

Analysis of six decades of data found that top tax rates “have had little association with saving, investment, or productivity growth.”

Divisions threaten Trump’s hope of winning his next big battle—taxes

Baltimore mayor vetoes $15 an hour minimum wage: She promised her constituents that she would vote yes. I wonder what changed her mind?

Tweet of the day: