Michael Maiello's picture

    Equifax and the CFPB

    Two days before we found out that credit reporting agency Equifax had been hacked and 143 million consumer records were compromised, I received an alert from my credit card company that somebody had attempted to buy $200 worth of merchandise at a Foot Locker in Queens.  Later, the Equifax website did acknowledge that my information may have been compromised.  I took the necessary steps to change cards and passwords.

    Topics: 
    Michael Maiello's picture

    Record Levels of Median Income (Not What It Seems)

    Last week, we learned that the median household income in the U.S. 2015 had jumped by around 5% to $56,000 a year. The news was greeted with good cheer and David Brooks even wrote a column in the Times proclaiming that capitalism is not broken.

    Topics: 
    Michael Maiello's picture

    Amazon Should Go to H--

    I expect you've all noticed that Amazon has started up a race to the bottom among suitor cities who would like to house it's next headquarters.  I think I've come up with a better spot...  I can't take the credit, though. Hail Satan!

    My third McSweeney's piece!

    Topics: 
    Danny Cardwell's picture

    Birth of A Myth, Death of A Dream

    Monday was the 54th Anniversary of Dr. King’s “I have a Dream” speech. Americans took to social media and proved once again why this speech is possibly the best and worst rhetorical device for confronting systemic racism in America.

    Dr. King's speech was a mix of the Bible, America’s founding documents and some of his earlier sermons. His words were seamlessly woven into a message that condemned the status quo while simultaneously offering a prophetic vision of a better day. Dr. King talked about the hope that came with the end of slavery and the heartbreak that followed when Emancipation turned into a 100-year nightmare sponsored by Black Codes, Jim Crow and the Ku Klux Klan. His words aren’t the problem; the willful distortion of those words and his legacy undermine the events of that day.

    Trade Policy Reality Check - neither Scrooge nor Sucker

    I've noted this over and over, but maybe this one will get through. Below's a chart showing the largest countries. The 2 largest are down at the bottom with pathetic GDP per capita of China's $10K and maybe $4K for India. China has roughly 5x our population, India 4 1/2x. And while their income is awful, China's rose about 500% from super awful over 25 years, while India's has more than tripled.

    For some reason we're not able to ever think of that as *OUR* success, that rather than sending Bibles and powdered milk, we have found a real way to lift almost 3 billion people out of poverty in just 2 countries, and it certainly doesn't end there.

    Of course much of the credit belongs to them - cutting their birthrates drastically, producing productis and services that are wanted by the rest of the world, steady incremental improvements and attention to obvious areas like infrastructure & education, and less obvious ones like government regulations & judicial reform and various human rights. In the meantime, the last 8-10 years, we've been flat.

    Michael Maiello's picture

    The Necessary Anachronism of The Presidential Pardon

    I think it goes without saying that the best way to stop president from pardoning racists like Joe Arpaio is to not elect presidents who support such racism.  None of the angry commentary matters to Trump.  He didn't do this to please lefty, centrist or even mainstream Republican critics.  I suspect Trump had a bunch of reasons, ranging from a cagy signaling to associates who might be asked to court Robert Mueller's contempt to the banal "because he could."

    Topics: 
    Danny Cardwell's picture

    Charlottesville, Salem Witch Trials and Historic Monuments

    In the winter of 1692, Massachusetts Bay Colony was rocked by allegations of witchcraft. In January, a group of young girls from Salem Village claimed to be possessed by the devil. The girls were taken to a doctor who determined they had been “bewitched”. The girls aged 9 and 11 accused a local slave named Tituba of witchcraft.

     

     

    In early February Tituba was arrested and admitted to being a witch. During her confession, she accused other women in the village of being witches. By May of 1692 governor William Phips established a special court to handle the trials of those accused of witchcraft. On June 2nd, Bridget Bishop was convicted of witchcraft and hanged eight days later. This was the beginning of the Salem Witch Trials.

     

    If you travel to Salem, Massachusetts you can visit the Victim’s Memorial, take tours of the jail and visit several preserved structures in Danvers and Salem. What you won’t find are monuments built to honor the brave men who had to hang and torture the women and men accused of witchcraft. This bothers me. They were husbands, fathers, sons and brothers. They did what they had to do to protect their way of life. They are part of history. Where are their statues?

     

    Doctor Cleveland's picture

    Trump Does Not Care If People Get Hurt

    President Trump's impromptu press conference today was a shocking display of his moral depravity and his allegiance to bigotry. There are so many things wrong with it, in so many stunning ways, that everyone is trying to digest it and focusing on different parts. But one particularly scary thing has not yet gotten much attention: Trump shows a nearly complete lack of interest in preventing more bloodshed like this. That is unprecedented, and extremely dangerous.

    Topics: 
    Michael Maiello's picture

    Taking Care With Language, Part II

    I should probably take down my last post, since NCD eviscerated it with, of all things, a dictionary, but I've waded so far into the river of blood that we may as well keep on wading, especially after this insane Times column by Bret Stephens this morning where he puts language in some sort of complex chokehold to argue that Trump failing to immediately condemn white supremacy is really no different from Obama's failure to call out "Islamic Extremism" during his terms in offi

    Topics: 
    Michael Maiello's picture

    Taking Care With Language

    We use language casually.  I suspect we always have, but if it appeals to you for me to say we use it more casually now in an era of constant news and Twittering, I'll at least say that a crush of imprecise language can probably warp our collective understanding of events.

    In Charlottesville, Virginia on Saturday, 32-year-old Heather Heyer was murdered by a 20-year-old named James Field Jr., who used his car as a weapon. He injured 18 other people in the attack.

    Topics: 

    Pages

    Latest Comments