Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Monday, August 25, 2025

The Chosen Vehicle

A smile is the chosen vehicle of all ambiguities.

-- Herman Melville (1819 - 1891), American novelist, short story writer, and poet, Pierre: or, The Ambiguities (1852) Bk. IV, ch. 5

Tuesday, August 19, 2025

All Others

"In God we trust.  All others must use data."

-- Mary Walton, The Deming Management Method (1986) Chapter 20 "Doing It with Data" p. 96

Monday, August 18, 2025

Somebody Gets Paid

Defects are not free.  Somebody makes them, and gets paid for making them.

-- William Edwards Deming (1900 - 1993), American statistician, college professor, author, lecturer, and consultant, Out Of The Crisis (1982) p. 11

Friday, August 15, 2025

Stagflation

Mr. Trump's tariffs are now clearly fueling inflation, particularly in goods such as home appliances, cars and food.  In the first six months of the year, real (that is, inflation-adjusted) consumer spending, the main driver behind business cycles and robust economic expansion, barely grew, after rising 3 percent last year.  G.D.P. growth slowed by about half, to 1.2 percent this year from 2.5 percent last year.  When overall growth falls that sharply, the labor market tends to follow, which is precisely what happened: Job growth, at 35,000 per month on average between May and July, is dangerously close to stall speed.

While presidents always take credit for good economic news and try to deflect bad news (in this president's case, by firing the messenger who delivered it), it's often hard to link what's going on in the economy to the current administration.  Not this time.  Whether it's historically high tariffs that never quite seem to stabilize, deportations that threaten to seriously disrupt labor supply in sectors like construction and health services, or a reverse-Robin Hood, budget-busting bill that takes money away from those most likely to spend it, Mr. Trump's policies have pushed economic uncertainty to levels last seen during the onset of the pandemic.  This uncertainty has damped investment, hiring and consumption, while the tariffs increase prices.  In other words: stagflation.

-- Jared Bernstein, chair of President Joe Biden's Council of Economic Advisers from 2023 to 2025, and Ryan Cummings who served the council as an economist from 2021 to 2023, New York Times, "The Economy Is Starting to Pay for Trump’s Chaos" (10 August 2025)

Thursday, August 14, 2025

They Know We Know

They lie to us, we know they're lying, they know we know they're lying but they keep lying anyway, and we keep pretending to believe them.

-- Elena Gorokhova, A Mountain of Crumbs: A Memoir by Elena Gorokhova (2010), Chapter 13: A Tour of Leningrad, pp 172 and 173

Thursday, August 07, 2025

Jargon That Gatekeeps

Being able to effectively curate information to captivate the audience while maintaining maximum value in the distributed information's fidelity is the most important part of dimensionality reduction for effective communication.  This will be the most important way humans will use AI in order to solve real world problems.

I might add that the ability to simplify information for any audience in order to democratize knowledge without depending on jargon that gatekeeps it is an obvious sign of great intelligence in an individual.

-- Jonathan Murphy, who bills himself as a "Solution Maker", in a jargon- & buzzword-filled response to someone stating on LinkedIn that they plan to train an AI to answer the question, "Am I explaining things at the right level" in this deliverable; this post seems to violate everything he claims to favor

Monday, August 04, 2025

In Related News

Trump just took his attack on reality to a different level, by firing the head of the Bureau of Labor Statistics.  Why?  Because he did not like the job numbers her agency produced.

In related news, we just saw the last credible BLS data for the rest of the Trump administration.

-- Don Moynihan, Professor of Public Policy at University of Michigan, "Trump Shoots the Messenger", at Moynihan's Can We Still Govern? Substack (1 August 2025)

Tuesday, July 29, 2025

Few Doubts

Lion had few doubts about his actions.  As he had said on more than one occasion, "I may be wrong, but I am never in doubt."

-- Sheri Stewart Tepper (1929 - 2016), author of science fiction, horror, and mystery novels, Marianne, the Magus, and the Manticore (1985) Chapter 10 (p. 162)

Thursday, July 24, 2025

Opposed By Watchful Men

I am a member of a party of one, and I live in an age of fear.  Nothing lately has unsettled my party and raised my fears so much as your editorial, on Thanksgiving Day, suggesting that employees should be required to state their beliefs in order to hold their jobs.  The idea is inconsistent with our constitutional theory and has been stubbornly opposed by watchful men since the early days of the Republic.

-- Elwyn Brooks (E.B.) White (1899 - 1985), American essayist, columnist, poet, and editor, best known today for his work in a writers' guide, The Elements of Style, and for three children's books: Charlotte's Web, Stuart Little, and The Trumpet of the Swan, generally regarded as classics, Letter to the New York Herald Tribune (29 November 1947)

Friday, July 18, 2025

Human Material

Human material seems to have one major defect: it does not like to be considered merely as human material.  It finds it hard to endure the feeling that it must resign itself to passive acceptance of changes introduced from above.

-- CzesÅ‚aw MiÅ‚osz (1911 - 2004), Polish poet and essayist, 1980 Nobel laureate in Literature, The Captive Mind (1953) translated by Jane Zielonko (1990) 

Thursday, July 17, 2025

To Be Responsible

To be a man is, precisely, to be responsible.  It is to feel shame at the sight of what seems to be unmerited misery.  It is to take pride in a victory won by one's comrades.  It is to feel, when setting one's stone, that one is contributing to the building of the world.

-- Antoine de Saint Exupéry (1900 - 1944), French writer, poet and aviator, Terre des Hommes (1939) Ch. II : The Men

Monday, July 14, 2025

Our Tax Dollars At Work

Five months into its unprecedented dismantling of foreign-aid programs, the Trump administration has given the order to incinerate food instead of sending it to people abroad who need it.  Nearly 500 metric tons of emergency food -- enough to feed about 1.5 million children for a week -- are set to expire tomorrow, according to current and former government employees with direct knowledge of the rations.  Within weeks, two of those sources told me, the food, meant for children in Afghanistan and Pakistan, will be ash.  (The sources I spoke with for this story requested anonymity for fear of professional repercussions.)

Sometime near the end of the Biden administration, USAID spent about $800,000 on the high-energy biscuits, one current and one former employee at the agency told me.  The biscuits, which cram in the nutritional needs of a child under 5, are a stopgap measure, often used in scenarios where people have lost their homes in a natural disaster or fled a war faster than aid groups could set up a kitchen to receive them.  They were stored in a Dubai warehouse and intended to go to the children this year.

-- Hana Kiros, "The Trump Administration Is About to Incinerate 500 Tons of Emergency Food", The Atlantic (14 July 2025)

Thursday, July 10, 2025

DMSP Termination

Topic: Suspension of All Defense Meteorological Satellite Program (DMSP) Data

Product(s) or Data Impacted:  All Defense Meteorological Satellite Program (DMSP) data and products: FINE, SMOOTH and HOUSEKEEPING data from Operational Linescan System (OLS), Special Sensor Microwave Imager Sounder (SSMIS), and all Near-Earth Space Weather instruments

Date/Time of Initial Impact: no later than June 30, 2025 

Date/Time of Expected End: NA Termination

Details/Specifics of Change: 

Due to recent service changes, the Defense Meteorological Satellite Program (DMSP) and Navy’s Fleet Numerical Meteorology and Oceanography Center (FNMOC) will discontinue ingest, processing and distribution of all DMSP data no later than June 30, 2025.  ESPC interfaces will not receive DMSP data and all data products will be suspended.  Users should expect all FINE, SMOOTH and HOUSEKEEPING data from Operational Linescan System (OLS), Special Sensor Microwave Imager Sounder (SSMIS), and all Near-Earth Space Weather instruments to be terminated.  This service change and termination will be permanent. 

-- Notice published by the National Oceanic and Atmospheric Administration, NOAA (25 June 2025), announcing that after 40 years, on 5 days' notice, the U.S. Department of Defense will no longer provide satellite weather data, leaving hurricane forecasters without crucial information about storms as peak hurricane season arrives in the Atlantic.  The termination has been delayed by 1 month after an outcry from scientists and forecasters, NPR "Defense Department will stop providing crucial satellite weather data" (1 July 2025)

Tuesday, July 08, 2025

In Dreams

In dreams begins responsibility.

-- William Butler Yeats (1865 - 1939), Irish symbolist poet, dramatist, and mystic, 1923 Nobel laureate in Literature, Epigraph to the book Responsibilities (1914)

Monday, June 30, 2025

Eligible And Qualified

All right.  So what do I tell 663,000 people in 2 years or 3 years when President Trump breaks his promise by pushing them off of Medicaid because the funding is not there anymore, guys?

I think people in the White House, the amateurs advising the President, are not telling him that the effect of this bill is to break a promise. ...

It is inescapable that this bill, in its current form, will betray the very promise that Donald J. Trump made in the Oval Office or in the Cabinet room when I was there with Finance, where he said: We can go after waste, fraud, and abuse on any programs. ...

I am telling the President that you have been misinformed.  Your supporting the Senate mark will hurt people who are eligible and qualified for Medicaid.

-- Senator Thom Tillis (R-NC), speaking on the Senate floor during debate on the "Big Beautiful Bill", quoted from the Congressional Record, p. S3646 (28 June 2025)

Friday, June 27, 2025

What Everything Else Isn't

Art is the means we have of undoing the damage of haste.  It's what everything else isn't.

-- Theodore Huebner Roethke (1908 - 1963), American poet, awarded the Pulitzer Prize for poetry in 1954, Poetry and Craft (1965)

Monday, June 23, 2025

Now More Than Ever

Who will stand up for our democracy?  This question, fraught in even the most peaceful times, has only grown more pressing as our country approaches its 250th anniversary.  Each passing day brings growing assaults on essential liberties like freedom of speech and due process.  Meanwhile, our delicately assembled legal system faces a constant barrage of threats.  Even as this issue reaches publication, the U.S. military has been deployed against peaceful protestors.  We teeter on the brink of collapse into an authoritarian state.  That is why, today, The Onion calls upon our lawmakers to sit back and do absolutely nothing.

Members of Congress -- now, more than ever, our nation desperately needs your cowardice.

Our republic is a birthright, an exceedingly rare treasure passed down from generation to generation of Americans.  It was gained through hard years of bloody resistance and can too easily be lost.  Our Founding Fathers, in their abundant wisdom, understood that all it would take was men and women of little courage sitting in the corridors of power and taking zero action as this precious inheritance was stripped away -- and that is where we have finally arrived. ...

But we have not descended entirely from a nation of fearful men, have we?  Let this be the moment to make amends for any missteps of American bravery and valor.  Congress, we are asking, nay, demanding: This coming Independence Day, don't wave the Stars and Stripes, that enduring symbol of liberty and rebellion.

Instead, wave the white flag of surrender.

Tu Stultus Es,
The Onion Editorial Board

-- Editorial from a hard copy edition of The Onion newspaper that was delivered to all members of Congress, along with a letter "Why I'm Sending Issues of 'The Onion' To Every Member Of Congress" (20 June 2025)

Thursday, June 19, 2025

Someone Has To Pay

Increases in tariffs, this year, are likely to push up prices and weigh on economic activity.  The effects on inflation could be short-lived, reflecting a one-time shift in the price level.  It’s also possible that the inflationary effects could instead be more persistent. ...

Because someone has to pay for the tariffs, and it will be someone in that chain that I mentioned, between the manufacturer, the exporter, the importer, the retailer, ultimately somebody putting it into a good of some kind or just the consumer buying it.

All through that chain, people will be trying not to be the ones who can take up the cost, but ultimately, the cost of the tariff has to be paid.  And some of it will fall on the end consumer.

-- Federal Reserve Chair Jerome Powell at a press conference after the Federal Reserve declined to lower interest rates, nj.com (18 June 2025)

Tuesday, June 10, 2025

Inconvenience

So in all human affairs one notices, if one examines them closely, that it is impossible to remove one inconvenience without another emerging.

-- Niccolo Machiavelli (1469 - 1527), Italian political philosopher, historian, musician, poet, and playwright, Discourses on Livy (1517) Book 1, Ch. 6 

Monday, June 02, 2025

What Do We Get For That?

The total actual 2024 budget to run the country was about 7 trillion dollars.  That means the NASA budget was only 0.004 of the national budget -- less than half a percent.  For every hundred dollars the US government spent, it put 40 cents in the bucket for NASA.

And what do we get for that?  The Universe. 

Missions to Mercury, Venus, Jupiter.  Landers on Mars, telescopes that peer through the depths of the cosmos, a fleet of spacecraft monitoring the Sun, the star to which we owe our existence.  The abject awe and wonder of images of a glorious cosmos.  The first A in NASA is for Aeronautics, too; research that makes air travel better, faster, and safer.  NASA science includes observing and monitoring our own planet as well, making satellites that track our water, atmosphere, and land. NASA scientists study climate change, one of the single biggest existential threats to humanity.

NASA employs about 18,000 people across all 50 states (and that doesn't include contractors, of which I was one for many years, and people such as  academics who have NASA grants).  NASA partners with space agencies around the world, a diversified portfolio that guarantees the best scientific research always pushing past the cutting edge and accelerating our understanding of, well, everything. 

-- Philip Plait, Bad Astronomy Newsletter, "Trump threatens to eviscerate NASA" (2 June 2025)