The number of violent crimes in the United States dropped significantly last year, to what appeared to be the lowest rate in nearly 40 years, a development that was considered puzzling partly because it ran counter to the prevailing expectation that crime would increase during a recession.
In all regions, the country appears to be safer. The odds of being murdered or robbed are now less than half of what they were in the early 1990s, when violent crime peaked in the United States. Small towns, especially, are seeing far fewer murders: In cities with populations under 10,000, the number plunged by more than 25 percent last year.
The news was not as positive in New York City, however. After leading a long decline in crime rates, the city saw increases in all four types of violent lawbreaking — murder, rape, robbery and aggravated assault — including a nearly 14 percent rise in murders. But data from the past few months suggest the city’s upward trend may have slowed or stopped.
Friday, August 12, 1988. On the sidewalk outside 57 Great Jones Street, the usual sad lineup of crack addicts slept in the burning sun. (…) In the months before his death, Basquiat claimed he was doing up to a hundred bags of heroin a day.
For the past 150 years, MIT has been leading us into the future. The discoveries of its teachers and students have become the warp and weft of modernity, the stuff of daily life that we now all take for granted. The telephone, electromagnets, radars, high-speed photography, office photocopiers, cancer treatments, pocket calculators, computers, the internet, the decoding of the human genome, lasers, space travel… the list of innovations that involved essential contributions from MIT and its faculty goes on and on.
And with that drive into modernity MIT has played no small part in building western, and particularly US, global dominance. Its explosive innovations have helped to secure America’s military and cultural supremacy, and with it the country’s status as the world’s sole superpower.
Jacob Holdt sold blood plasma twice a week to buy film. He stayed in more than 400 homes - from the poorest migrant workers to America’s wealthiest families (for instance, the Rockefellers) - recording these encounters on over 15,000 photographs taken with a cheap pocket camera. He would live with people who were so hungry they ate cat food and dirt, often in rat-infested shacks.
Upon returning to Denmark in 1976, Holdt began lecturing on social differences in the United States and published a book: American Pictures.
{ Kill Devil Hills is a town in Dare County, North Carolina, USA. Nearby Kitty Hawk is frequently cited as the location of the Wright brothers‘ first controlled, powered airplane flights on December 17, 1903. The flights actually occurred in Kill Devil Hills. | Wikipedia | Continue reading Photo: First flight of the Wright Flyer I, December 17, 1903, Orville piloting, Wilbur running at wingtip. }
The U.S. economy has finally started to create jobs at a reasonable clip. Inflation is still low. Corporate profits are healthy, and surveys of business conditions suggest that the recovery is, as the Federal Reserve recently put it, “on a firmer footing.” So are happy days here again? Hardly.
Last month, consumer confidence plunged, and pundits are still talking about the possibility of a double-dip recession. Some of this can probably be put down to the general atmosphere of geopolitical turmoil—the threat of nuclear catastrophe in Japan, continued debt problems in Europe, political upheaval in the Middle East.
But, economically speaking, the source of the anxiety is something much more specific: high prices at the gas pump. The price of oil has risen thirty dollars a barrel since February and more than forty per cent since last summer, and the fear is that expensive oil may bring stagflation, as it did during the oil crises of 1973 and 1979, or even put the economy back into reverse. (…)
Last month’s drop in consumer confidence was attributed almost entirely to the spike in gas prices, in line with a 2007 study, by the economists Paul Edelstein and Lutz Kilian, showing that spikes in oil prices have often depressed public sentiment in the past.
Meet Donald Trump’s bankers. Like the characters in the fairy tale The Emperor’s New Clothes, a gaggle of major financial institutions has finally been forced to admit, after lending Trump billions of dollars, that there’s a lot less to the emperor — or at least his empire — than the banks had believed.
Not quite nine months after bailing out Trump with a rescue package that gave him $65 million in new loans and eased credit terms on his bank debt, Trump’s bankers last week stopped the game. Already more than $3.8 billion in the hole and sliding perilously close to a mammoth personal bankruptcy, the brash New York developer had no choice but to accept the dismantling of his vast holdings.
How much does the U.S. economy depend on purchases of goods and services people don’t absolutely need?
As it turns out, quite a lot. A non-scientific study of Commerce Department data suggests that in February, U.S. consumers spent an annualized $1.2 trillion on non-essential stuff including pleasure boats, jewelry, booze, gambling and candy.
That’s 11.2% of total consumer spending, up from 9.3% a decade earlier and only 4% in 1959, adjusted for inflation.
The value of the greenback determines how competitive U.S. goods and services are on the world market. (…) Many politicians talk about a strong dollar, but it’s mostly lip service. A weak dollar helps to create jobs by making U.S. products more price-competitive overseas. (…)
There are four major currency blocs — the dollar, the euro, the yen and the yuan. With so many factors against it, why would anyone want to own U.S. dollars? Because, well, it’s the least ugly currency of the lot.
The Europeans are still not only dealing with an ongoing banking crisis. Portugal, Ireland, Italy, Greece and Spain all have solvency problems. Lacking their own currency, these nations cannot simply print their way out of debt. Thus, there is a small but real possibility that the European Union will not hold, and the euro will collapse.
Japan is even worse. It was mired in a multi-decade slog, and then the earthquake/ tsunami/nuclear crisis rocked it back on its heels.
That leaves China. Despite market reforms, it is still a totalitarian communist regime. Western nations are none too keen about making its currency the reserve of the world.
The happiest countries and happiest U.S. states tend to have the highest suicide rates, according to research from the UK’s University of Warwick, Hamilton College in New York and the Federal Reserve Bank of San Francisco. (…)
This new research found that a range of nations - including: Canada, the United States, Iceland, Ireland and Switzerland, display relatively high happiness levels and yet also have high suicide rates.
I am doing tolerably well here; I get $25 a month, with victuals and clothing; have a comfortable home for Mandy (the folks here call her Mrs. Anderson), and the children, Milly, Jane and Grundy, go to school and are learning well; the teacher says Grundy has a head for a preacher. They go to Sunday-School, and Mandy and me attend church regularly. We are kindly treated; sometimes we overhear others saying, “Them colored people were slaves” down in Tennessee. The children feel hurt when they hear such remarks, but I tell them it was no disgrace in Tennessee to belong to Col. Anderson. Many darkies would have been proud, as I used to was, to call you master. Now, if you will write and say what wages you will give me, I will be better able to decide whether it would be to my advantage to move back again.
As to my freedom, which you say I can have, there is nothing to be gained on that score, as I got my free-papers in 1864 from the Provost-Marshal-General of the Department at Nashville. Mandy says she would be afraid to go back without some proof that you are sincerely disposed to treat us justly and kindly–and we have concluded to test your sincerity by asking you to send us our wages for the time we served you. This will make us forget and forgive old scores, and rely on your justice and friendship in the future. I served you faithfully for thirty-two years and Mandy twenty years. At $25 a month for me, and $2 a week for Mandy, our earnings would amount to $11,680. Add to this the interest for the time our wages has been kept back and deduct what you paid for our clothing and three doctor’s visits to me, and pulling a tooth for Mandy, and the balance will show what we are in justice entitled to. Please send the money by Adams Express, in care of V. Winters, esq, Dayton, Ohio. If you fail to pay us for faithful labors in the past we can have little faith in your promises in the future. We trust the good Maker has opened your eyes to the wrongs which you and your fathers have done to me and my fathers, in making us toil for you for generations without recompense. (…)
P.S.—Say howdy to George Carter, and thank him for taking the pistol from you when you were shooting at me.
I was in the middle of teaching the difference between knowledge and belief when my cell phone buzzed in my pocket. It was a call from the dean of the University of Nevada, Las Vegas College of Liberal Arts.
The dean informed me that he was very sorry but, barring an unlikely immediate solution to the state’s financial crisis, the university had decided to eliminate the Philosophy Department, which I chair.
In July, I would be given a one-year terminal contract. After that, the university would fire me, along with all of my departmental colleagues, after twenty years of service.
Alvin Roth spent years writing academic papers about the medical job market — specifically, picking apart the national system that matched young doctors to their first hospital jobs out of medical school. (…)
When it was introduced in the 1950s, the National Resident Matching Program was supposed to help doctors with the stressful and chaotic problem of finding their hospital internships. But after four decades, it was showing its age. Some medical students complained that the process was unfair, and that hospitals were being given too much power in determining where new doctors would live and work. Above all, the system was faltering because it was designed at a time when virtually no women became doctors, which meant it couldn’t handle married couples applying simultaneously. The result was that young doctors were passing up job opportunities for family reasons, and in some cases husbands and wives were assigned to distant cities and asked to choose their careers over each other.
As a professor who specialized in game theory, Roth had been studying medical matching programs closely since the early 1980s, figuring out what worked and what didn’t, and what rules were required to make a system in which everyone — the hospitals, the doctors — ended up happiest. He had coauthored a book full of theories and equations related to the problem of matching in general. He was so well known for this, one colleague remembers, that medical students would call him every year for advice on how to game the system. (…)
Roth has emerged as a rare figure in the academic world: a theorist willing to dive into real-world problems and fix them. After helping the med students, he designed a better way to assign children to public schools — the system now used by both Boston and New York. He also helped invent a system for matching kidney donors with patients, dramatically increasing the number of donations that take place each year.
{ Map: A modern redrawing of the 1807 version of the Commissioner’s Grid plan for Manhattan, a few years before it was adopted in 1811. Central Park is absent. | Two hundred years ago on Tuesday, the city’s street commissioners certified the no-frills street matrix that heralded New York’s transformation into the City of Angles — the rigid 90-degree grid that spurred unprecedented development, gave birth to vehicular gridlock and defiant jaywalking. Today, debate endures about the grid, which mapped out 11 major avenues and 155 crosstown streets along which modern Manhattan would rise. | NY Times | full story | Interactive map: How Manhattan’s Grid Grew }
related { New York didn’t invent the apartment. Shopkeepers in ancient Rome lived above the store, Chinese clans crowded into multistory circular tulou, and sixteenth-century Yemenites lived in the mud-brick skyscrapers of Shibam. But New York re-invented the apartment many times over, developing the airborne slice of real estate into a symbol of exquisite urbanity. Sure, we still have our brownstones and our townhouses, but in the popular imagination today’s New Yorker occupies a glassed-in aerie, a shared walk-up, a rambling prewar with walls thickened by layers of paint, or a pristine white loft. | NY mag | full story }
The upper 1 percent of Americans are now taking in nearly a quarter of the nation’s income every year. In terms of wealth rather than income, the top 1 percent control 40 percent. Their lot in life has improved considerably. Twenty-five years ago, the corresponding figures were 12 percent and 33 percent. One response might be to celebrate the ingenuity and drive that brought good fortune to these people, and to contend that a rising tide lifts all boats. That response would be misguided. While the top 1 percent have seen their incomes rise 18 percent over the past decade, those in the middle have actually seen their incomes fall. For men with only high-school degrees, the decline has been precipitous—12 percent in the last quarter-century alone. All the growth in recent decades—and more—has gone to those at the top. In terms of income equality, America lags behind any country in the old, ossified Europe that President George W. Bush used to deride. Among our closest counterparts are Russia with its oligarchs and Iran.
