France: Je Suis Désolé.

Translation: I am sorry.

Today Paris was rocked by explosions and gunfire. At least 40 are dead so far. Oops, make that at least 60. Nobody yet knows who is responsible, or why. Of course that is subject to change at any moment. Not even the American media dares call it “terrorism” just yet — although it is surely on the minds of many people.

Think your happiest thoughts for France.

Looks like USA Today scored 60% again.

EDIT: The hostages are free, over 150 are dead, and now the word “terrorists” is in play. The attacks were well organized, except for the pesky issue of what they were trying to accomplish.

Seeing Red… Cups

Somebody decided that the fact that Starbucks is using plain red holiday cups this year is part of some War on Christmas. Never mind the fact that the “holiday” images of years past — “Vintage ornaments and hand-drawn reindeer have appeared in past years” — are no more religious than Black Friday Sales. It’s ridiculous.

I wish I had time to make up stuff to be upset about.

Listen: If you want to “put Christ back into Christmas,” start with acts of kindness towards your fellow man and stop looking towards a coffee shop for advice.

Yet a few more words on the TPP

Click the image to read the article it came from!

Now that the actual text has been released, it is possible to speak to what is there, rather than just fear of what might be there. So here’s a few of the things that have been said:

  • Some Canadians call the provisions “troubling” and say it’s the “worst” thing for their country. Remember, Canada isn’t really that different from the United States in many ways.
  • Liberals call it a corporate power grab.
  • Most Presidential candidates are against it, including Trump, Jindal, and Kasich.
  • The Financial Times is trying very hard to tow the middle line and calls it a revamp of international arbitration (which seems to me like curing Tuberculosis with a shotgun).
  •  The Boston Globe pretty much says that there’s good and bad, but it’s much too complicated for a “straight up or down vote”, which is exactly what the Senate is going to do thanks to Fast Track Authority.
  • Bottom line: TPP can still be stopped. Make sure your Congresscritters know where you stand.

Have a great week.

Good Signs?

Yesterday there was a report on jobs and employment in the United States. And the news was good. In fact, the news was better than anybody expected! Unemployment is at a 7 year low. The economy is not just showing signs of growth, but robust economic growth.

Nor was this “growth only an economist could love.” Many things I’ve been harping on for years got better: wages grew faster than inflation; more people are working; there’s growth in more areas; more people are working full time! I’m not ready to say yet that the economy is all healed up — I know too many people who are unemployed or underemployed — but I’m willing to say that the light at the end of the tunnel is probably not a train.

Now all the Very Smart People are talking about how the Fed will now have an excuse to raise the interest rates banks charge one another when they meet next month. Some are saying that’s a bad thing. However, I think it’s long overdue.

 

Hindsight

Apparently, former Fed chief Ben Bernanke has a new book about how he saved Christmas the economy. That means a bunch of econ bloggers and Serious People have to say something about it. The NYT Sunday Book Review likes it, although they called it “a bit of a slog.” You can buy your own copy here.

In Closing: least of our worries; unfortunately I don’t see a way to solve this problem; I bet we laugh at this fashion trend a decade from now; yeah that’s a problem; breaking the rules; maybe you could have educated the patient up front?; and voting.