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.

Meanwhile, in Arizona

Long time readers know that in the past, I have been critical of the Sheriff of Arizona’s Maricopa County, Joe Arpaio. Nor am I alone. And yet even Arpaio seems to think this guy is an idiot:

An Arizona grandfather has been arrested and accused of leaving his five-year-old granddaughter alone in the desert with a loaded and cocked .45-caliber handgun and the instruction to “shoot any bad guys,” authorities said on Monday.

[snip!]

Maricopa County Sheriff Joe Arpaio told Reuters by telephone… “I don’t know how a five-year-old can tell a good guy from a bad guy, but that’s what she said she was told.”

Here’s some other coverage of this fine, upstanding grandfather.

In Closing: Presidential candidates on money; Tokyo color.

If it bleeds, it leads…

And apparently, it can pay dividends: School shootings beget more school shootings. And unlike the days of Parkway South — which I bet you never heard of unless you knew somebody who was there — news coverage may be why. From the CNN article:

Researchers gathered records of school shootings and mass killings from several data sets and fit them into a mathematical “contagion model.” The spread they found was not dependent on location, leading researchers to believe that national media coverage of a mass shooting might play a role.

If you’re the kind of person who prefers to look at the research rather than the media coverage of it, good for you: here it is. Left to your imagination is whether other crimes might be subject to the “contagion model” described by the researchers. My guess is “probably.”

In Closing: dinosaur feathers; apparently he had a heart after all (no loss); stand and deliver all your ideologues.

Shorties Guide to the Zombie Apocalypse

Hope everyone had a safe Halloween. Happy All Saints Day.

Dave Johnson Telling the Truth: on the economy; on secret trade deals.

Enough to drive you crazy: Meat is bad for you, unless it isn’t; calories are the only thing that matter, but what the study says depends on who is reporting. The researchers concluded “When compared with dietary interventions of similar intensity, evidence from RCTs does not support low-fat diets over other dietary interventions for long-term weight loss.”

Unlikely source: The Economist isn’t where you would expect to find a report on a new canid species.

All Asking For It: On average, police in America killed 3 people every day of October. ThinkProgress has some highlights of police brutality.

Damned Liberal Media: with their facts and bias.

Pretty In Pink: Even the editors of the Las Vegas Sun noticed the pinkwashing of girls Halloween costumes and toys, publishing this NYT article.

TIL: Some cultures have a “Toilet God.”

Gilligan!: 22 shipwrecks found off the archipelago of Fourni.

See everyone tomorrow for some Music Monday!