“The actual problem here is prices.
They’re not going up nearly as much as they were in, say, the middle of last year, but they’re by and large not declining en masse, either. And in most cases, they won’t get back to where they were in the Before Times.
“Inflation in the US is falling relatively quickly compared to all of our other peer countries, and we have the strongest growth out of the recession,” said Felicia Wong, president and CEO of the Roosevelt Institute, a progressive think tank. “But people don’t just want falling inflation numbers, they actually want deflation.”
Deflation probably isn’t in the cards (and the rub is we don’t want it to be). Higher prices might just be the sort of thing we’ve all got to get used to. The truth is we’re never going back to how things were in 2019 — we won’t be returning to the office at the same levels, we’ll never hear “corona” and only think of beer, and that night on the town is going to cost us more than it did before.”
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“Basically, if I get a raise at work, I think it’s because I’m awesome. That may be partly true, but that’s not all that’s going on — it’s also that the labor market is tight and wages broadly are going up. My current employer doesn’t want to lose me, and my future employer would have to pay me a little more to lure me away.
While many people see their employment situations (good or bad) as something they’ve earned, they see inflation as something that’s happening to them and that it’s the government’s fault. “The reality is inflation takes away and it gives back. It takes away, prices go up, and it gives back, wages catch up,” said Justin Wolfers, an economist at the University of Michigan. “But you code what it takes away as inflation’s fault but what it gives back as your own genius.””
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“The rate of inflation really is slowing (and, if all goes well, will continue to do so), and the disorienting nature of what’s happened in the economy over the past few years will likely fade. Post-pandemic prices will eventually feel normal, and post-pandemic wages should make those prices more feasible — or at least not significantly less feasible than they were before. Sooner or later, sticker shock will feel a little less shocking.”
“In a win for wild lands and wildlife, President Joe Biden recently moved to protect more than 10 million acres of Alaska’s North Slope from oil development. The action permanently bans drilling across large swaths of this region.”
“An investigation by The New York Times found that many of the troops sent to bombard the Islamic State in 2016 and 2017 returned to the United States plagued by nightmares, panic attacks, depression and, in a few cases, hallucinations. Once-reliable Marines turned unpredictable and strange. Some are now homeless. A striking number eventually died by suicide, or tried to.
Interviews with more than 40 gun crew veterans and their families in 16 states found that the military repeatedly struggled to determine what was wrong after the troops returned from Syria and Iraq.”
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“The United States had made a strategic decision to avoid sending large numbers of ground troops to fight the Islamic State, and instead relied on airstrikes and a handful of powerful artillery batteries to, as one retired general said at the time, “pound the bejesus out of them.” The strategy worked: Islamic State positions were all but eradicated, and hardly any U.S. troops were killed.
But it meant that a small number of troops had to fire tens of thousands of high-explosive shells — far more rounds per crew member, experts say, than any U.S. artillery battery had fired at least since the Vietnam War.”
“While many corporations are frustrated by retail theft, they’re not doing enough to try to solve it.”
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“Some amount of shoplifting is always going to happen. “Shrink” — retail-speak for missing inventory that may have been stolen by outside parties or its own workers, damaged, or just plain lost — is inevitable. According to the National Retail Federation, the average shrink rate increased from 1.4 percent in 2021 to 1.6 percent in 2022. Taken as a percentage of sales, that translates to an increase from $93.9 billion to $112.1 billion in losses. That’s a big number — it’s also one that companies could take more steps to bring down, workers say.”
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“It’s difficult to estimate exactly how much it would cost companies to really go after the shoplifting problem. Many retailers say that they are spending more to combat retail theft than they have in the past. In its 2022 annual report, Home Depot made note that combating shrink and theft and keeping stores safe requires “operational changes” that could increase costs and make the store experience worse for customers and associates alike. (Nobody likes the whole unlock-the-box-to-buy song and dance.)”
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“There’s no strong consensus about what would really work, investment-wise. And loss prevention doesn’t bring in revenue, it’s just an expense. “Corporate offices want to see profit. Marketing brings profits, the buyers bring in profits. Loss prevention, in and of itself, does not bring any profits. We just try to deter loss,” says one loss prevention agent who works at a corporate office for a national retailer. “Loss prevention, typically, is the most underfunded department of any company.””
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“Companies can and do try to crack down on theft by locking items up, but unless they really have enough workers to unlock everything, it’s a pickle, business-wise, not to mention an annoyance for customers. “Lock up your whole store and you’ll never lose anything. You’ll also never sell anything,” says Joshua Jacobson, a loss prevention professional in California. “Sales are more important to a company than shopping theft.”
Organized retail crime operations made up of boosters — people who steal the goods — and fences — those who purchase or receive and resell the merchandise — do actually exist, and they are difficult to combat. Stores and police departments can and do build up cases against them and make arrests, but it can be a bit of a game of whack-a-mole.
Most workers say that even when they catch boosters in the act, they blow right past them, and they’re often not allowed to say anything at all for safety reasons. That includes security staff, many of whom aren’t permitted to make physical contact with thieves (some say they want to be allowed to be “hands on,” though you can see where this could start to become a problem on multiple fronts, from liability to safety). Stolen products wind up sold in the open on the street or online on platforms like Amazon and Facebook. In June, the INFORM Consumers Act became law at the federal level, which requires online marketplaces to verify and disclose information on “high-volume third-party sellers” in an attempt to crack down on organized retail crime. It’s not yet clear how much of an impact it’s making.”
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“One former booster told me he got into retail theft on a “massive scale” to support a drug habit. (He’s now been sober for over three months and has a regular job.) He described going to Home Depot and Lowe’s dressed relatively nicely — with a collared shirt, maybe a Bluetooth piece in his ear — and asking workers to get him generators or tools down from shelves. He’d put them on a cart, walk out the door, sometimes with a manufactured receipt in his hand, and get into an Uber or Lyft he’d ordered. “The times I was stopped, I never would acknowledge the fact that I’d just been caught,” he says. “If it’s already on the cart, I’m committed.” He’d then sell the items to a local pawnbroker or even to a foreman on a construction site. They had to have figured out what he was up to, handing over a brand-new generator for a fraction of the cost, but they didn’t ask. “They’ve got to be pretty stupid not to know.””
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““The professionals, unfortunately, are rarely deterred, and the biggest deterrent to them is having off-duty law enforcement, which is very expensive,” says Prusan, the security and loss prevention consultant. “You can’t catch everybody, no matter who you are.””
“In the last 50 years, when the budget process has been in place, Congress has managed only four times to pass a budget on time and through the regular process. Seventeen times, members of Congress haven’t bothered to pass a budget at all. That hasn’t stopped them from spending money they didn’t have, or from making promises to voters they wouldn’t be able to fulfill. I doubt I need to remind you that it’s gotten worse. In the last half-decade, Congress added $5 trillion to the already elevated and growing federal debt with no plan for repayment.
Nor should I need to remind this column’s readers that government interest payments are growing quickly, propelled by higher interest rates applied to an expanding debt level. That’s the result of years of excuses that interest rates would remain historically low.
While you might see how legislators chose to believe that inflation and high interest rates were things of the past, there’s no excuse for ignoring the upcoming insolvency of programs like Medicare and Social Security. This looming calamity has been warned of for decades in government reports and scholarly publications.”
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“At the heart of the commission’s charge must be a commitment not just to reduce some deficits but to put the government back on a sustainable track. As my colleague and former CBO Director Keith Hall convinced me, the commission will fail if it doesn’t have a clear target from the start.”
“Research has shown that people will skip necessary care if they have even a small cost to pay, and recent surveys find one in three Americans say they have postponed medical treatment in the last year due to the cost.”
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“The Perry Undem survey, which polled nearly 2,700 Americans on behalf of the American Cancer Society’s Cancer Action Network, the Leukemia and Lymphoma Society, and RIP Medical Debt, also detected widespread struggles to afford health care. About 7 in 10 people say they have received a medical bill that they could not afford, it found, and more than 60 percent of Americans said they had made some kind of sacrifice — delaying care, skipping appointments, changing the food they buy at the grocery store, etc. — in order to afford health care in the past two years.”
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“About 40 percent of people said they were always or frequently unsure how much their medical services would cost after they received care, according to the Perry Undem survey; another 30 percent said they were uncertain about the costs at least some of the time. Nearly two-thirds of US patients said they were at least sometimes unsure how much their insurance plan would cover after being treated.”
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“About 6 in 10 Americans said they had experienced a problem using their health insurance in the past year, according to KFF.”
“One area where the Biden administration has set itself apart is in sending weapons to partner countries, and now we’re getting a more complete picture of what the US is sending Israel in the weeks since October 7.
Since Russia invaded Ukraine in February 2022, the US has ramped up its previously minimal military aid to the country to an unparalleled $46.7 billion. Ukraine towers over the other major recipients in bar charts of US security assistance for 2022 and ’23. The US is sending so many munitions there that it has apparently strained American factories and led to a whole-of-government effort to revive military supply chains.
The US is also accelerating arms transfers to Israel in response to Hamas’s October 7 attacks that killed 1,200 people and resulted in the kidnapping of more than 200. Last month, President Joe Biden announced from the Oval Office that he would seek “an unprecedented support package for Israel’s defense” of $14.3 billion. “We’re surging additional military assistance,” he added.
But while Ukraine has never been a traditional recipient of heavy military aid, the US’s most recent support of the Israeli military builds on a long bipartisan American practice. Israel has received about $3 billion annually, adjusted for inflation, for the last 50 years, and is the largest historical recipient of US security aid. The Obama administration in 2016 announced the biggest security assistance package to the country ever, pledging $38 billion for Israel over the next decade. US support has ensured that Israel maintains its qualitative military edge over neighboring Arab countries by having more advanced weapons systems, something Congress wrote into law in 2008.
Israel would not be able to conduct this war without the US, which over time has provided Israel with about 80 percent of the country’s weapons imports.”
“Israel contends that it has the right to circumvent certain international obligations in the West Bank, saying that it’s not part of Israel’s sovereign territory and therefore subject to military laws that can restrict people’s civil rights. But watchdog groups, including the United Nations Human Rights Committee, argue that as the occupying power, Israel must respect human rights in Palestinian territories — especially as the occupation grows older and more entrenched.
And before the war, Israel was not, by and large, deploying this tool lawfully. “Amnesty has found that Israel’s systematic use of administrative detention against Palestinians indicates that it’s used to persecute Palestinians rather than as an extraordinary and selectively used preventative measure,” Rghebi said.
Israel maintains that it detains people because of legitimate security concerns, such as potential participation in violent attacks. But while there is a thin veneer of due process — Palestinians can appeal their detention orders, for example — the reality is that a stunningly low number of appeals succeed, in no small part because as both local and international human rights groups have documented, neither the detainees nor their lawyers are told what evidence Israel has against them. (According to B’Tselem, Israeli military courts only nullified 1.2 percent of detention orders issued between 2015 and 2017, and an investigation by Haaretz found that as of August, not a single detention order had been canceled this year.)”