“Yesterday I wrote about how interest rates are rising around the world. I acknowledged that the higher rates are a real problem, but argued that there is no evidence that the U.S. faces a looming Greek-type debt crisis. Today I’ll talk about why it’s important for the future Democratic administration (assuming that we have free and fair elections in 2028) to keep a sense of perspective and not panic about the size of the federal debt.” (08/20/26)
“There are things it is possible to do and which are also things we might not want to do – however possible they are …. ‘Food Foundation sounds alarm over supply risks and price shocks as about 40% of Britain’s food is imported’ …. Yes, of course we can grow the food we need in Britain. … Trade means we can have more, different, foods cheaper and also that added bonus of leaving a bit of land for the wildlife. Bonzer, eh? We are richer through trade. At which point we’ve an actual think tank insisting we must make ourselves poorer by giving up those advantages of trade.” (08/20/26)
“Global wheat importers are bracing for tighter supplies as attacks on Black Sea grain infrastructure disrupt shipments, heightening food security risks for top buyers such as Egypt and Indonesia, while driving up prices. Benchmark Chicago futures have climbed more than 17% since the start of July, fuelled largely by a shortfall in Black Sea supplies, with physical prices making strong gains in rival exporters Argentina, Australia and the United States. … For now, stronger harvests across parts of the Middle East and North Africa have cushioned the immediate impact, with the Egyptian government procuring record volumes of local wheat and better rains boosting crop prospects in Morocco and Tunisia.” (08/20/26)
“Portland, Oregon exists in a pretzel-like, seemingly unsustainable juxtaposition to itself. Golden hour moments of pastoral perfection, in the shadow of mountains, at the banks of rivers. Afternoons in coffee shops and art museums and concert halls. The best food in the world. Meth psychotics, stalking the pavement, screaming at the sky. Homeless camps that sprawl. Emergency responders too overworked to respond. The city offers both paragon examples of urban living and seeming proof that western civilization has failed—often within mere blocks of one another. While paradoxical, the conditions on the ground aren’t mysterious, or arbitrary, or altogether externally-driven. The conditions are the logical end-result of explicit policy, a reflection of legislative and executive priorities.” (08/20/26)
“Southern California law enforcement officials stumbled upon an abandoned vehicle in the desert containing Lego sets worth nearly $30,000, the San Bernardino County Sheriff’s Department announced Wednesday. According to the Sheriff’s Department’s news release, on Monday around 11:30 p.m., Barstow officials discovered the Lego sets inside an unoccupied van at National Trails Highway and Pioneer Road in Newberry Springs. The van held 123 boxes of stolen McLaren F1 Lego sets, which are valued at about $230 per set. Police with the Burlington Northern Santa Fe Railroad confirmed that the sets were taken during a train robbery.” (08/20/26)
“A system with a small number of massive corporate conglomerates under which 99.9% of us have no substantive power whatsoever can never be one consistent with liberal democracy, the rule of law, or economic freedom. Those who focus their attention myopically on the current regime and the corruption thereof show that they understand neither the nature nor the scale of the social problem, and for this reason they can be of only little help in the struggles to come. Indeed, many are no less custodians of the political and economic status quo, and eagerly defend this system of corporate domination and economic fascism. The formal shape of or label on the structure of ownership and power tells us nothing on its own, our ideological delusions notwithstanding.” (08/20/26)
