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All about the standing-upright chimps that really love to talk about themselves.

Convergence

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The big story of the last 20 years has been a tale of two worlds coming together.  While the developed world experienced a decade of growth in the 1990s followed by stagnation and decline in the 2000s, the developing world saw nothing but growth.  The two phenomena are related in the tremendous expansion of credit and general money supply over this time, and are now starting to come together.   The developing world is feeling the pinch the same as the developed world.

This story first appeared in Barataria back in September 2012, but it’s now quite fashionable to talk of the end of the great boom in “Emerging Markets” (EM).  They have, simply, started to either mature or fall back.  And investors are trying to find the next wave of fantastic growth stories to invest in.

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Three Views of an Economy

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When the summer livin’ is easy, I enjoy sitting out on the porch with a few tunes.  Today’s lazing soundtrack was “Three Views of a Secret” by Jaco Pastorius as I went over some old posts to see if anything needed revisiting.  And this piece from July 2011 popped out as a debate that is still raging – but with some resolution.  It seemed to fit the tension that always builds in a Jaco piece.

Economists, as noted before, have widely divergent views about the economic situation and what should be done about it.  But the experiments that have been running through various economies are teaching us all a little bit along the way as to who may be right.  It’s worth revisiting.

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Nate Silver

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Nate Silver has left the biz.  The most celebrated political reporter in a long time jumped from the New York Times to become a sports reporter at ESPN.  It’s not really a mystery, given Silver’s love for sports and outsider status at the fossilized Times.  As Public Editor Margaret Sullivan put it, “A number of traditional and well-respected Times journalists disliked his work. … They were also tough on me for seeming to endorse what he wrote, since I was suggesting that it get more visibility.”

Not long ago that political reporters were more or less the top of the journalistic heap and sports writers were at the bottom.  Silver’s new gig turns that upside down.  It’s not a mystery given how much political writing is horserace driven and sports reporters have become the true celebrities of the biz.  But there is much more to it than that.  I believe Silver’s popularity brilliantly displays what journalism must be for a new generation.

Here is my obituary praising Silver’s career as a political journalist, written not as the end of Silver but as the end of good political reporting – for now.

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White Privilege

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The news of George Zimmerman’s acquittal on all charges related to the death of Trayvon Martin bubbled through the sultry summer air.  Millions were angry and took to venting themselves on social media, but thankfully not with violence in the streets.  Millions were angry at those who were angry, generally claiming that racism works both ways.

There were so many things that fed into how it all went down on Trayvon’s last night on earth.  Florida’s horrible gun laws certainly made conviction nearly impossible.  They were born of a cultural PTSD endemic in a land wracked by violence that crackles with fight-or-flight adrenaline at the first sign of trouble – a biochemical instinct that sometimes becomes addictive.  I’m also sure that once the Sanford cops learned Trayvon was from Miami they were ready to assume the worst about him.  But all of that only amplifies and distorts the core problem, that of White Privilege.

White Privilege is generally little more than the benefit of the doubt.  But when the volume is turned up and the noise is deafening, only baser senses remain.  The simple benefit of the doubt often adrenalizes into violent, destructive action.

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Gettysburg, Then and Now

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Four score and seven years ago our fathers brought forth on this continent a new nation, conceived in liberty, and dedicated to the proposition that all men are created equal.

Seven score and ten years ago today the Battle of Gettysburg was over.   The carnage was horrific and the course of the Civil War was set.  It would take nearly two more years to wind it down, but a different nation emerged from the blood that soaked the land.  We celebrate 150 years of this battle as a people changed and humbled, yet in many ways still fighting what “liberty” and “equal” mean.

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