A-a-a-n-d right after I pull the trigger on that post, I see this from Noah Smith (@Noahpinion).

So… yeah, I guess prices have gone up more than income, but… not by those huge factors?

This seems like a pretty cool marketing campaign.

https://www.wsj.com/articles/families-go-deep-in-debt-to-stay-in-the-middle-class-11564673734

«But the debt pile is also an accumulated ledger of economic risk. It should be manageable so long as unemployment remains low. If job losses begin to rise, it would become unsustainable for some share of borrowers, raising chances of an increase in missed payments and lenders writing off unpaid balances. The Fed lowered interest rates on Wednesday because it sees rising risks of a slowdown that could boost unemployment.

Median household income in the U.S. was $61,372 at the end of 2017, according to the Census Bureau. When inflation is taken into account, that is just above the 1999 level. Over a longer stretch—the three decades through 2017—incomes are up 14% in inflation-adjusted terms.

Average housing prices, however, swelled 290% over those three decades in inflation-adjusted terms, according to an analysis by Adam Levitin, a Georgetown Law professor who studies bankruptcy, financial regulation and consumer finance.

Average tuition at public four-year colleges went up 311%, adjusted for inflation, by his calculation. And average per capita personal health-care expenditures rose about 51% in real terms over a slightly shorter period, 1990 to 2017.»

https://twitter.com/threadreaderapp/status/1134363569175388160?s=17

Josh Huder (@joshHuder) Tweeted:

Seven. If the argument is, “yes, but an inquiry would produce information.” Sure. But the current investigations also produce information. And further, committees now hold several powers that previous congresses didn’t without initiating an inquiry.

https://cathedral.org/press-room/have-we-no-decency-a-response-to-president-trump/

Washington National Cathedral has had enough.

«When does silence become complicity? What will it take for us all to say, with one voice, that we have had enough? The question is less about the president’s sense of decency, but of ours.»

https://www.wsj.com/articles/regulators-found-high-risk-of-emergency-after-first-boeing-max-crash-11564565521

«When the FAA determines an aircraft poses an unacceptably high safety risk, it typically mandates targeted equipment changes, inspections or training to alleviate the hazard. It is unusual for the agency to conclude that reiterating cockpit emergency procedures or tweaking manuals will suffice.

….

It isn’t clear why Boeing took longer to finish MCAS changes than some industry and FAA officials had expected.»

It’s clear to me, a software developer.

https://www.washingtonpost.com/outlook/2019/07/30/elizabeth-warrens-trade-plan-is-bad-politics-worse-policy/

8[

«Warren’s criteria for negotiating with a trade partner — a range of labor, environmental, tax, energy, and other standards — are so stringent that Warren acknowledges the United States currently does not meet them. Thompson and Behsudi note that “the requirements would apply not only to new trade deals but to existing treaties that Warren pledges to renegotiate.” This means that Warren’s trade policy would actually be more protectionist in its effects than Trump’s, something that I did not think was possible.»

https://www.washingtonpost.com/politics/2019/07/29/trump-thinks-racist-rhetoric-will-help-him-data-suggest-otherwise/

“Benevolence.” Wow, there’s a word.

https://twitter.com/HerecomesDrBob/status/1155340197703368705?s=17

I like this. The replies are interesting, too.

Bob Hutton (@HerecomesDrBob) Tweeted:

@AstorAaron His base is what I call the BASS PRO BOURGEOISIE: well-off white exurbans who are a generation removed from a factory, three generations removed from the farm, but still insistent to claim the experiences of both.

https://www.nytimes.com/2019/07/27/business/boeing-737-max-faa.html

Such a textbook case.