The Daily Parker

Politics, Weather, Photography, and the Dog

This isn't your father's recession

Krugman makes a succinct point about why the current recession isn't like 1981:

The 1981-2 recession was a very different kind of event from the 2007-9 recession: basically, it was a recession deliberately created by the Fed to bring down inflation. The Fed raised interest rates sky-high, causing a plunge in home construction, which was the main driver of the slump. When Paul Volcker believed that we had suffered enough, he cut rates, housing sprang back — and it was housing that mainly drove the recovery. Reaganomics was basically irrelevant.

The 2007-9 recession was driven by the collapse of a huge housing bubble, and the resulting financial fallout. The Fed couldn’t cut rates sharply, because they weren’t all that high to begin with; there couldn’t be a housing boom, because housing was already overbuilt.

The problem, as Krugman has patiently explained for months, is that anti-inflationary measures right now will bring about deflation, which is worse. If you have any debt at all, inflation is your friend. If you're a lender, deflation rocks. Three guesses why the Republicans are so eager to curb the non-existent inflation we have right now.

Note to Republicans: this is what a conservative looks like

Via Sullivan, UK Prime Minister David Cameron presents the Conservative view of gay marriage:

I know there is one other subject that the gay community is particularly interested in: marriage. As someone who believes in commitment, in marriage and in civil partnerships, my view is that if religious organisations want to have civil partnerships registered at their places of worship that should be able to happen. Last week the Equalities Minister held listening events with faith groups and representatives of the gay community, as we consider what the next steps are for civil partnerships and how we enable religious organisations to register same-sex relationships on their premises if they wish to do so. I think this is an important step forward and we will help to make it happen. But making this country a more equal, open place isn't just a job for government alone. The truth is we will never really tackle homophobia in schools, the workplace or in sport just by passing laws. We need a culture change as well.

There's no single lever we can pull or even collection of measures that we can take to make that happen. The wall of prejudice is also chipped away by high-profile role models, by public celebrations, by a positive approach to diversity. That's why I am proud that there are now more openly gay MPs in the Conservative Party than any other party. It's why I wish the upcoming Pride events – today in Leeds, all week in Brighton and on Saturday in Liverpool – every success. And it's why I congratulate everyone on this list for doing their bit to inspire and change attitudes. This is a country where people can be proud of who they are – and quite right too.

As Sullivan says, "Imagine a Republican leader doing that. Better still, imagine him or her writing this."

That's as likely right now as a Republican leader who believes we can cut the deficit by increasing spending without increasing taxes. I mention this because the Lib-Con coalition in the UK is reducing speding and increasing taxes, as that seems the surest way for the government to spend less than it takes in. Arithmetic, you see.

How freeways kill communities

Via Sullivan, Timothy Lee describes how freeway construction destroyed the center of St. Louis:

Planners in St. Louis, as in most American cities, decided that the new expressways would run directly through the cities’ downtowns. One of them (I-44/I-70) now runs North to South between the park and downtown. Not surprisingly, if you visit the park today you’ll find a light sprinkling of tourists, but nothing like the throngs of locals you’ll find in successful urban parks like New York’s Union Square, Philadelphia’s Rittenhouse Square, or DC’s Dupont Circle. Whatever “revitalizing” effects the park might have had on the rest of the city were undermined by the fact that the park isn’t really accessible to pedestrians in the rest of the city.

Planners pursued the same basic scheme in other American cities. And in almost every case, they encountered fierce resistance from people already living where the freeways were supposed to go. [Author Jane] Jacobs herself was a key player in the famous, and ultimately successful, effort to stop a proposed freeway through lower Manhattan. After decades of bitter conflict, similar plans were defeated in Washington, DC. Urbanists were partially successful in Philadelphia. They killed the Crosstown expressway, which would have cut through South Philly, but they failed to stop the Vine Street Expressway, which ran north of downtown and contributed to the destruction of Philly’s Chinatown.

In Chicago, the Eisenhower and U of I combined to destroy Little Italy; and the Dan Ryan sliced right through the principal middle-class black community, scattering black professionals to the winds.

Reaction to The Warmest May

My last post ("Warmest May in 131 years") got some reaction on its cross-posting to Facebook:

YK: 131 years is a drop in the ocean in geological time. Why is this drop so significant? Never seen any satisfactory answers to that question except maybe some looks of intimidation about how 'obvious' the answer was. Poor communication or maybe nothing compelling to communicate?

The Daily Parker: The sharp rise in global temperatures over the past 150 years is unprecedented in the planet's history. Yes, the earth has been warmer, and it's been colder—but (a) the evidence is clear that a 2-5°C rise in this short amount of time has never happened before barring asteroid impact or supervolcano eruptions; and (b) there is a statistically significant correlation between human-caused gas emissions and the temperature rise.

YK: What science can go back 4 billion years and offer that level of precision over a 150 year period of time? Sorry, I don't buy it. Show me the evidence.

TDP: That's just it: looking at 150 years over even a few million, the spike would be vertical. There have been large rises in temperature, but over millennia. We've got ice cores going back half a million years, and geological evidence for a few hundred million before that. I think we can exclude from the argument the time when the planet was a molten rock without an atmosphere through the time it had an oxygen-nitrogen atmosphere capable of supporting air-breathing life. So, for the last 500 million years, there have been swings up to 9°C, but never so fast, and never (with the exception of the K-T extinction) so devastating to life. What level of evidence do you require to recognize human-caused climate change, short of palm trees in Saskatchewan?

YK: I don't claim to be an expert in climate change, because I don't believe you can gain that 'knowledge' by reading or hearing people talk about it informally. Here is an example of something I looked for and read to learn more about it. Let me know if you can point me to something as equally well researched that can refute or at least cause me to question the observations and/or conclusions in this.

TDP: OK: UNFCCC, NASA, USGS, National Academies...again, what's the threshhold for you? What level of evidence will be sufficient to convince you?

YK: Read my article. You throw your stuff my way and don't bother to reciprocate the effort. Scientists who don't agree at least look at each other's evidence, and not just promote their own. (I write [that] with confidence because I know you couldn't have read the link I posted in 8 minutes.)

TDP: In fairness, you're right I haven't read it, but I'm downloading it now. While we're digesting each others' documents, consider this: If we shift resources to combatting climate change, for example by moving away from petroleum, reducing energy consumption overall, limiting meat production, etc., we could take a 1-2% GDP hit over the next century. Maybe 3% of GDP. If the consensus is wrong, and we've spent that 3% of GDP, we'll still have better resource use, healthier people, and fewer farting cows—all of which may very well boost GDP.

But if the consensus is right, and we do nothing, then we'll lose Miami, Bangladesh, and (truly a catastrophe) Jones Beach, Long Island.

What do you think about doing a thorough, evidence-driven risk analysis and then acting on it?

YK: If it can be proven or shown as a viable theory that we're f'ing up our planet and that we could do something to improve the situation, of course I'd be all for it. I just don't believe in any 'noble lie' scenario a la Plato. Show me the evidence or a reasoned theory and I'll come to my own conclusion on the matter. But I am against 'forcing' people to act against their will 'for their own good.' I am not a statist or a totalitarian or a believer in tyranny. If the best our 'leaders' can do is point guns at the populace to 'make them do the right thing' then I'm afraid we need to re-evaluate our status as citizens in this country.

My real reaction to the warmest May is: "Man, this May was so much more pleasant than last year in Chicago. Last year's late spring/all summer was the most disappointing in my 10 year experience living here."

The debate continues.

North Carolina 13th

As I checked email for one last time before going to bed, I found out who won the Republican primary in North Carolina's 13th district, in which I've spent considerable time this year. Meet Bill Randall, who will challenge incumbent Representative Brad Miller (D) on November 2nd:

As Talking Points Memo said last week, "But surprisingly, as oil poured into the gulf and Obama threw resources and rhetoric at the problem, the 'it's all a giant conspiracy' theory didn't catch on."

Perhaps when people talk about "tea parties" they refer to a different kind of tea than they serve at Starbucks? Just a thought.

Finally, a reminder to all my friends in the district: please, don't take it for granted Brad Miller will get re-elected. Sanity still needs your vote in November.

Morning round-up

After a Strategy exam, Finance exam, Strategy team paper, project estimate for work, and...well, that's really all I did the last four days, come to think of it...I'm more or less back.

Herewith a quorum of things I noticed but didn't have time to note:

  • The Washington Post reported yesterday that MC 900 Ft. Jesus—sorry, I meant an actual 30 m statue of Jesus—got struck by lightning Monday night and burned to the ground. Signpost to Armageddon? Probably not, but it has an element of Apocalyptic whimsy to it, don't you think?.
  • Via Sullivan, the Vision of Humanity project's Global Peace Index puts New Zealand at the top and Iraq at the bottom. We're 85th (of 149); Britain is 31st; and Finalnd and Russia, countries I'm visiting in two weeks, are 9th and 146th, respectively. Check out the interactive map.
  • The Economist's Gulliver blog linked to a Sunday Times (reg.req.) article about the beauty of window seats. I always get the window, if possible; so does Gulliver, apparently, and the Times author who wrote: "My favourite window-seat ride is crossing America — with the asphalt labyrinth of the crammed east coast giving way first to ceaseless Appalachian forest, then to the eerie geometric perfection of the farm-belt fields, then to the intimidating, jaw-dropping emptiness of the west, before the smog starts lapping at your window as California sprawls into view." Yep.
  • Today has tremendous significance to my small and fuzzy family which I will relate later.

Back to the mines.