Its not going so well, is it? In Ukraine, Biden is prepared, it seems, to fight to the last Ukrainian, while preparing for the next war with China. Half the population of Afghanistan is facing starvation, especially since the US government has seized the billions of Afghan state assets, eked together out of opium sales and American aid, held in US banks.
What is the non-economist to make of the economic analysis and policy discussion? Its genuinely confusing. The official story is that inflation, caused by an imbalance between government-stimulated demand and supply limited by supply-chain shocks and the war in Ukraine, is hurting the economy and squeezing wage-earners.
On June 14, 2022, A. B. Yehoshua, Israel's last of the generation of writers who began publishing after the formation of Israel in 1948, passed away. Around 250 friends and dignitaries attended his funeral at the secular cemetery on the outskirts of the kibbutz Ein Carmel.
For tenants in New York City, the past six months have been dotted with crisis and catastrophe. Tenancywhich includes anyone who does not control their, or anyone elses, housingis inherently a precarious position, but recently this precarity has assumed a particular intensity.
While we often think of automation and A.I. as developments that will eventually replace workers (think of Teslas partly automated tractor-trailer), those tools are already in heavy use in the workplace. And they havent replaced workers; theyve simply been brought in to manage declining working conditions.5