Skip to main content

December 29, 2017

From The New York Times:
In 2014, the economy was 2.5 times larger than it was in 1980, but the bottom half of the population made only 21 percent more, on average, even after including government benefits. America’s middle — families earning more than the bottom 30 percent but less than the top 30 percent — gained only 50 percent in those 34 years. By contrast, the after-tax incomes of Americans in the top 1 percent — families like President Trump’s or Senator Bob Corker’s — tripled.

From Harper's:
Being visited by a rival male causes male fruit flies to defer sleep until later, but being visited by a virgin female eliminates the need for sleep altogether.

From The Economist:
Marriage idealises permanence, and yet it is changing more rapidly than at any time in its history. Almost everywhere it is becoming freer, more equal and more satisfying.

From The Economist:
As women earn more and the stigma of divorce fades, more men are finding that they cannot treat their wives as servants (or, worse, punchbags), because women can credibly threaten to walk away.

From The Paris Review (Spencer Bokat-Lindell on Favorite Books of 2017):
It has been more than a year since I last read a novel quite as winning, and so warmly poignant, as Andrew Sean Greer’s fifth, Less. Endearing, hapless Arthur Less is a writer of tepid reputation—a  “midlist homosexual”—on the brink of his fiftieth birthday, and, as such, “the first homosexual ever to grow old.” Rather than suffer through an ex’s wedding, Less strings together a series of literary engagements—also midlist—in seven countries and embarks on a prolonged junket around the world. But half a century is not so easily outrun: his journey, like his memory, is littered with stray assignations and lost connections, all of which threaten to tow him back into the past. “What was it like to live with genius?” someone asks Less at a symposium, in Mexico, about another, more famous ex’s work. “What is it like to go on knowing you are not a genius, knowing you are a mediocrity?” Less waves off the question, but, like the rest of his life, it insists on coming back, unbidden: “The work, the habit, the words, will fix you,” he tells himself on a flight. “Nothing else can be depended on, and Less has known genius, what genius can do. But what if you are not a genius? What will the work do then?” There are flashes here of To the Lighthouse’s Mr. Ramsay, and—not surprisingly—The Hours’ Clarissa Vaughan: much like those characters, Arthur Less cannot stop mourning the loss of his former and forgone selves.
The risk of misfire in such a story would seem formidable: if aging is a singular tragedy, it is also a general affliction; all of us will at some point have youths misspent, or not misspent but, in any case, gone. Yet in Less an awareness of pain’s banality leads not to mawkishness—the predictable destination—but to a kind of wry world-weariness. The author—the real as well as the fictional—becomes free to explore the soberest of topics. Chief among them is how suddenly a life’s center of gravity can appear to shift, as it always does, away from the future and toward the past, so that one day the mind wakes and finds itself stuck—if not tragically, then at the least inescapably—in memory’s orbit.

Comments

Popular posts from this blog

February 24, 2018

From The New York Times : We are willing to pay a premium for convenience, of course — more than we often realize we are willing to pay. During the late 1990s, for example, technologies of music distribution like Napster made it possible to get music online at no cost, and lots of people availed themselves of the option. But though it remains easy to get music free, no one really does it anymore. Why? Because the introduction of the iTunes store in 2003 made buying music even more convenient than illegally downloading it. Convenient beat out free. As task after task becomes easier, the growing expectation of convenience exerts a pressure on everything else to be easy or get left behind. We are spoiled by immediacy and become annoyed by tasks that remain at the old level of effort and time. When you can skip the line and buy concert tickets on your phone, waiting in line to vote in an election is irritating. This is especially true for those who have never had to wait in lines (whic...

February 26, 2018

From The Economist : An equity is a claim on the assets and the profits of a firm; a bond entitles the investor to a series of interest payments and repayment on maturity. Bitcoin brings no cashflows to the owner; the only return will come via a rise in price. When there is no obvious way of valuing an asset, it is hard to say that one target price is less likely than another. Bitcoin could be worth $10 or $100,000. One argument made by bitcoinnoisseurs is that it is a type of “digital gold”. Stores of value are supposed to keep their value; bitcoin, by contrast, is extremely volatile. Its code ensures that no more than 21m coins can ever be created; that sets bitcoin apart from fiat money, which central banks can create at will. Yet being limited in supply is a necessary, but not sufficient, condition for having value; signed photographs of Economist journalists are rare but, sadly, of negligible worth. Nor is supply really limited. Plenty of other cryptocurrencies exist. If the...

February 27, 2018

From The New York Times : [Steven] Pinker contends that we should not be nostalgic for the economy of the 1950s, when jobs were plentiful and unions strong. A third of American children lived in poverty. Sixty percent of seniors had incomes below $1,000 a year. Only half the population had any savings in the bank at all. Between 1979 and 2014, meanwhile, the percentage of poor Americans dropped to 20 percent from 24 percent. The percentage of lower-middle-class Americans dropped to 17 from 24. The percentage of Americans who were upper middle class (earning $100,000 to $350,000) shot upward to 30 percent from 13 percent. There’s a fair bit of social mobility. Half of all Americans wind up in the top 10 percent of earners at at least one point in their career. One in nine spend some time in the top 1 percent. Poverty has been transformed by falling prices and government support. “When poverty is defined in terms of what people consume rather than what they earn, we find that the...