Times Out

The Sunday New York Times remains one of life’s pleasures. I do miss reading the enormous print edition of the paper with the magazine but at least the online edition still suffices. Shown below are a book I’d like to read and useful analysis and advice from various columnists.

Flesh

by David Szalay

Szalay’s new novel traces the life of a young man in Hungary who eventually makes his way to England, following him from troubled youth to immigrant success to tragic fall. Each chapter provides glimpses of the major stages of adulthood — first love, marriage, parenthood — interwoven with intervals of aimlessness, reinvention and grief. With cool detachment, Szalay offers observations on both the complicated self and the unpredictable world surrounding it.

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Our current antiglobal moment could last for a long time. Illiberalism is alive and strong. Comparisons that once seemed incendiary or irresponsible now seem obvious. As in the 1930s, minority groups are being scapegoated as symbols and causes of globalization’s ills. For Jews then, read migrants or trans people now. Mr. Trump’s imminent betrayal of Ukraine suggests that we are moving rapidly through the 1930s and have already arrived in 1938. That’s when Western leaders in Munich decided to allow Hitler to dismember one of Europe’s few remaining democracies, Czechoslovakia. It was not worth risking lives over “a quarrel in a faraway country, between people of whom we know nothing,” reasoned the dangerously reasonable Neville Chamberlain. Less than one year later, Hitler browbeat the president of what remained of Czechoslovakia into accepting a complete occupation of his country.

Russia’s invasion of Ukraine was a déjà vu moment for historians of World War II. Will Greenland and Canada become the next Czechoslovakia and Poland?

Globalization Is Collapsing. Brace Yourselves.
By Tara Zahra
Dr. Zahra is a professor of history at the University of Chicago and has written extensively about globalization’s first collapse.

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A 20 minute agility workout to improve balance

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Instead of following the standard guidance to keep withdrawals to 4 percent of the balance in your retirement account, then adjust annually for inflation, you might forgo the inflation raise when stock prices are falling, Dr. Pfau said. Or you can install so-called guardrails, limiting withdrawals to, say, 3 percent in bad years for stocks but taking out, perhaps, 5 percent when the market is surging.

How to Protect Your Retirement Savings Now as Markets Plunge by Diane Harris

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My problem is with Trump’s magical thinking that you just put up walls of protection around an industry (or our whole economy) and — presto! — in short order, U.S. factories will blossom and make those products in America at the same cost with no burden for U.S. consumers.

For starters, that view completely misses the fact that virtually every complex product today — from cars to iPhones to mRNA vaccines — is manufactured by giant, complex, global manufacturing ecosystems. That is why those products get steadily better and cheaper. Sure, if you are protecting the steel industry, a commodity, our tariffs might quickly help. But if you are protecting the auto industry and you think just putting up a tariff wall will do it, you don’t know anything about how cars are made. It would take years for American car companies to replace the global supply chains they depend on and make everything in America. Even Tesla has to import some parts.

I Just Saw the Future. It Was Not in America. Thomas L. Friedman

These are the “Times” We Live In

Bits and pieces from the August 1, 2021 edition of The New York Times…

From Maureen Dowd’s Why Do Republicans Hate Cops

“He (Trump) turned Republicans upside down like a snow globe, and suddenly the party that loved to rah-rah for family, morals and religion was in the grip of a thrice-married, grabby, foul-mouthed Tartuffe. The party that prided itself on supporting those in uniform, the F.B.I. and C.I.A. had to go along with Trump’s crooked ways and Deep-State vilification of the F.B.I. and the intelligence community.

We’re still learning the extent to which President Trump tried to strong-arm the Justice Department into helping him purloin the election. As the Times’s Katie Benner reported Friday, as late as Dec. 27, Trump called officials at Justice and, according to their notes, told them: “Just say that the election was corrupt + leave the rest to me,” assuring them that his congressional allies would help.”

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“This past week, amid the emotional testimony of police officers at the first hearing of a House select committee, Republicans completed their journey through the looking-glass, spinning a new counternarrative of that deadly day. No longer content to absolve Mr. Trump, they concocted a version of events in which those accused of rioting were patriotic political prisoners and Speaker Nancy Pelosi was to blame for the violence.

Their new claims, some voiced from the highest levels of House Republican leadership, amount to a disinformation campaign being promulgated from the steps of the Capitol, aimed at giving cover to their party and intensifying the threats to political accountability.”

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“Bidding wars are frustrating buyers. Agents are struggling to navigate frantic competition. About half of small bankers in a recent industry survey said the current state of the housing market poses “a serious risk” to the United States economy. Lawmakers and economic policymakers alike are hoping things calm down — especially because frothy home prices could eventually spill into rent prices, worsening affordability for low-income families just as they face the end of pandemic-era eviction moratoriums and, in some cases, months of owed rent.

Industry experts say the current home price boom emerged from a cocktail of low interest rates, booming demand and supply bottlenecks. In short, it’s a situation that many are feeling acutely with no single policy to blame and no easy fix.”

Could Not Say It Any Better

I have posted excerpts from a Frank Bruni NYT article. He expresses my rage better than I am able to.

Has Anyone Found Trump’s Soul? Anyone?

In Trump’s predecessors, for all their imperfections, I could sense the beat of a heart and see the glimmer of a soul. In him I can’t, and that fills me with a sorrow and a rage that I quite frankly don’t know what to do with.

Americans are dying by the thousands, and he gloats about what a huge, rapt television audience he has. They’re confronting financial ruin and not sure how they’ll continue to pay for food and shelter, and he reprimands governors for not treating him with adequate adulation.

He’s not rising to the challenge before him, not even a millimeter. He’s shriveling into nothingness.

But what has taken me by surprise and torn me up inside are the aloofness, arrogance, pettiness, meanness, narcissism and solipsism that persist in Trump — that flourish in him — even during a once-in-a-lifetime emergency that demands something nobler. Under normal circumstances, these traits are galling. Under the current ones, they’re gutting.

I don’t take responsibility at all.” “Did you know I was number one on Facebook?” To bother with just one of those sentences while a nation trembles is disgusting. To bother with both, as Trump did, is perverse.

Frank Bruni