“”Pre-1983, mortgage costs were in the CPI as were car payments pre-1998. Now, price indexes do not include borrowing costs. Thus, when interest rates jumped last year, official inflation did not fully capture the effects it would have on consumer well-being.”
Indeed, if we measured inflation as we did in the 1970s, the inflation that started in 2021 would have peaked at 18 percent—double its reported peak. That’s higher than the worst of the 1970 and ’80s. Inflation’s current annual rate would be about 8 percent.”
“Former President Donald Trump’s plan to impose a 10 percent tariff on all imports to the United States would hike prices and cost the average American household $1,500 annually.
That’s the sobering conclusion reached by a new economic analysis from the Center for American Progress (CAP) Action Fund, a left-leaning think tank and advocacy organization. The proposed tariff, which would be applied on top of existing tariffs according to Trump’s campaign, would translate into $1,500 in higher costs for the average American household. That includes “a $90 tax increase on food, a $90 tax increase on prescription drugs, and a $120 tax increase on oil and petroleum products,” according to Brendan Duke and Ryan Mulholland, the two economists who authored the report.”
“The state’s leaders are acting like this is some unexpected perfect storm, but it’s one that’s been on the horizon for several years. “California’s one-two punch—forcing companies to write risky policies while also limiting their ability to charge market rates—would leave insurers with little choice but stop writing new policies,” I wrote in 2021. Last March, I warned insurance companies are “quietly fleeing” the state. Two months later, they stopped being quiet about it. In May, State Farm announced its freeze on writing new homeowner policies.”
“Haidt cites 476 studies in his book that seem to represent an overwhelming case. But two-thirds of them were published before 2010, or before the period that Haidt focuses on in the book. Only 22 of them have data on either heavy social media use or serious mental issues among adolescents, and none have data on both.
There are a few good studies cited in the book. For example, one co-authored by psychologist Jean Twenge uses a large and carefully selected sample with a high response rate. It employs exploratory data analysis rather than cookbook statistical routines.
Unfortunately for Haidt, that study undercuts his claim. The authors did find that heavy television watchers, video game players, and computer and phone users were less happy. But the similar graphs for these four ways of spending time suggest that the specific activity didn’t matter. This study actually suggests that spending an excessive amount of time in front of any one type of screen is unhealthy—not that there’s anything uniquely dangerous about social media.”
“Chronic absenteeism has increased across the board—affecting both wealthier and poorer districts. According to new data from the AEI, absenteeism increased from 10 percent in 2019 to 19 percent in 2023 in the richest school districts. In the poorest districts, absenteeism increased from 19 percent to a staggering 32 percent over the same time period.
Surprisingly, the length of school closures didn’t seem to impact the increase in absenteeism that much. Districts that were closed the longest saw absenteeism increase 12 percent, while those with the shortest closures saw a 10 percent increase.
However, things were even worse in years closer to pandemic closures. In 2022, for example, 28 percent of students were chronically absent. Overall, absenteeism rates fell from the 2021-2022 school year to the 2022-2023 school year in 33 of the 39 states reporting data. ”