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July 10th, 2014
thesmithian
Nothing has taken place down there [at the border] that I’m not intimately aware of…this is not theater.

President Obama 

in Dallas yesterday, when asked about visiting the borderlands.

…during a hastily arranged news conference…where he began a two-day visit to the state for Democratic fundraising and an economic event.

he also said

he’s “not interested in photo ops” and challenged Congress to give him new authority to respond to the situation.

June 14th, 2014
thesmithian
…taking purpose-driven risks…allowed me to find work that was both personally fulfilling and had a broader impact. Careers, like life, do not move in a straight line. They especially do not move in a straight line in today’s economy…
June 9th, 2014
thesmithian

'From the perspective of ordinary folks, it feels like we’ve experienced six and a half lost years.'

more.

May 18th, 2014
thesmithian

On the national continuum of cultural and economic integration, Laredo’s challenges are extreme — it is the most Mexican of American places, 96 percent Hispanic,

more.

May 10th, 2014
thesmithian

…despite a rebound in the U.S. housing market, African-American and Latino neighborhoods remain disproportionately impacted by the real estate crash, with many minorities still underwater on their mortgages…

more.

April 6th, 2014
thesmithian

'Nigeria has overtaken South Africa as Africa's largest economy…'

more.

April 1st, 2014
thesmithian
…the skills myth—like the myth of a looming debt crisis—is having dire effects on real-world policy. Instead of focusing on the way disastrously wrongheaded fiscal policy and inadequate action by the Federal Reserve have crippled the economy and demanding action, important people piously wring their hands about the failings of American workers. Moreover, by blaming workers for their own plight, the skills myth shifts attention away from the spectacle of soaring profits and bonuses even as employment and wages stagnate. Of course, that may be another reason corporate executives like the myth so much.
March 26th, 2014
thesmithian

'There is a wave of fashionable pessimism over Latin America’s future. Expressions such as 'submerging economies' and 'the party is over' have become common in analysts’ and investors’ parlance and, while mainly applied to the BRICS (Brazil, Russia, India, China, and South Africa), they have also contaminated perceptions about Latin America. This marks a major turnaround in sentiment, which not too long ago had nothing but praises for the region’s decade of stellar economic and social progress…'

more.

March 26th, 2014
thesmithian

'We've persuaded ourselves that residential isolation of low-income black children is only de facto—the accident of economic circumstance, personal preference, and private discrimination. Unless we relearn how residential segregation is de jure—racially motivated public policy—we can't remedy school segregation that flows from neighborhood isolation.'

more.

March 21st, 2014
thesmithian

'What this has meant in the U.S. and elsewhere…is that the “good guys” who want to implement policies to get the unemployed back to work are too often caving to the pressure of the “pain caucuses” pushing sky-is-falling predictions about “runaway inflation and soaring interest rates” as a justification to do nothing. It’s a battle of good versus evil…and the bad guys seem to be winning…'

more.

January 29th, 2014
thesmithian

…what the vow of executive action…constitutes is a gamble that Americans…agree more with the liberal economic vision than the conservative one. The hope: If people support liberal economic policies like the minimum wage hike, they will support accomplishing them via executive action, won’t care about process, and will contrast this action favorably with Congressional Republicans, who will remain associated with Washington dysfunction and, by extension, economic pessimism.

more.

January 11th, 2014
thesmithian

'this new face of poverty…both poor, near-poor, and precarious working middle, and that’s simultaneously black, Latino, and white—renders the old Republican divide-and-conquer strategy obsolete. Most people are now on the same losing side of the divide. Since the start of the recovery, 95% of the economy’s gains have gone to the top 1%…The new economy has been especially harsh for the bottom two-thirds of Americans. It’s not hard to imagine a new political coalition of America’s poor and working middle class, bent not only on repairing the nation’s frayed safety nets but also on getting a fair share of the economies’ gains.'

more.

January 9th, 2014
thesmithian

“In no prior case has Congress allowed special extended benefits to expire when the unemployment rate was as high as it is today.”

more.

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