Texas has passed New York to become the state with the second-most COVID-19 deaths, a feat experts say was driven by an inability to control transmission of the virus here.
Texas reached the milestone Wednesday, hitting 53,275 deaths, despite trailing New York by more than 29,000 fatalities last summer. Since then, though Texas is 54 percent more populous, more than twice as many Texans as New Yorkers have succumbed to COVID-19. California, the most populous state, leads the nation with 64,372 virus deaths.
Over the weekend J.D. Vance, the author of “Hillbilly Elegy” and now a Trumpist candidate for U.S. senator in Ohio, tweeted that he was planning a visit to New York, which he has heard is “disgusting and violent.” Vance, a graduate of Yale Law School who currently works as a venture capitalist, surely knows better. But he presumably hopes that Republican voters don’t.
But why do so many Americans still believe that our major cities are hellholes of crime and depravity? Why do so many politicians still believe that they can run on the supposed contrast between urban evil and small-town virtue when many social indicators look worse in the heartland than in the big coastal metropolitan areas?
To be sure, there was a national surge in homicides — although not in overall crime — during the pandemic, for reasons that remain unclear. But New York is still safer than it was a decade ago, vastly safer than it was 30 years ago, and, for what it’s worth, considerably safer...
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The concept of a “supply chain” tends to conjure up images of routine, repetition and predictability; the concept is most commonly illustrated by a straight line or a perfect circle. The pandemic threw all of that out the window.
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There are two kinds of people who label bitcoin a ponzi. The first group is made up of salty nocoiners who launch the word ponzi as an insult. These people disliked bitcoin and/or bitcoiners pretty much from the get-go. They criticize it at every chance they get. The second group uses the word ponzi in a neutral, or analytic sense. They aren't describing bitcoin as a ponzi in order to insult bitcoin, but in the same way that a biologist would describe a certain mosquito as belonging to the family Culiseta longiareolata rather than Culiseta minnesotae.In philosophy, this distinction is captured by the contrast between descriptive and normative statements. A descriptive claim is one that describes a situation. "Brutus killed Caesar." A normative one is that makes some sort of value judgement about how things ought to be. "Killing is wrong." Likewise, economists distinguish between positive and normative economics. (The economic distinction is the same as the philosophical...
- Auto manufacturing is a complex process with lots of pieces, meaning that the current shortages and higher prices of cars are likely to persist for some time. This is less true of simpler products like lumber.Credit...Alyssa Schukar for The New York Times
As everyone knows, leftists hate America’s military. Recently, a prominent left-wing media figure attacked Gen. Mark Milley, the chairman of the Joint Chiefs of Staff, declaring, “He’s not just a pig, he’s stupid.”
Unfortunately, many of the bad predictions about COVID-19 came true. The people who saw cases ramping up exponentially, and warned that this was going to be a mass death event, were right, while the people who minimized the threat and waved it away were wrong. And a lot of people are dead because we didn’t listen to the former.
But economic predictions are a different story. When unemployment spiked to Great Depression levels in the early days of lockdown, it seemed to me — and to many, many others — like this downturn was destined to turn into a decade of mass economic hardship. Fortunately, that was completely off the mark! I got it very wrong and Paul Krugman got it right — with no financial crisis and no big overhang of debt, the economy simply wasn’t destined for a repeat of 2008-12. Though the recovery has proven bumpy thus far, but most economists still forecast a relatively swift return to the pre-pandemic growth trend.
In fact, this was one of many...
In the story of how the modern world was constructed, Toyota stands out as the mastermind of a monumental advance in industrial efficiency. The Japanese automaker pioneered so-called Just In Time manufacturing, in which parts are delivered to factories right as they are required, minimizing the need to stockpile them.
Many reports about the Biden administration’s budget proposal, released Friday, convey the sense that it’s huge. President Biden, scream some of the headlines, wants to spend SIX TRILLION DOLLARS next year. (Sorry, can’t help doing my best Dr. Evil imitation.) It takes some digging to learn that the baseline — the amount the administration estimates we’d spend next fiscal year without new policies — is $5.7 trillion.
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