Don't look at these long-term and youth unemployment numbers if you like good news
Will we, at last, have recovery in our time? That's the question in Europe, where the once omnipresent threat of euro implosion has given way to a sense that things are finally getting better. This era of good feelings even has a portmanteau: crexit. Yes, crexit. As in, "crisis exit". It's true enough, but not nearly enough. In other words, the euro crisis is over, but the economic crisis remains.
This emerging Euro-triumphalism is mostly a story about European Central Bank (ECB) chief Mario Draghi and the Baltics. Draghi single-handedly ended the panic in sovereign debt markets when he promised to do "whatever it takes" to save the common currency, while the Baltics have shown there can be growth after austerity. But there's a "but". Draghi hasn't been able to get the ECB to do anything as the euro zone, including Germany, has fallen back into recession, and the Baltics, despite their recent growth spurts, are still far below their pre-crisis peaks due to the depths of their tight money and tight budget induced slumps. Europe's real economy is still, mostly, in really bad shape -- as you can see from these terrifying numbers that Jonathan Portes highlights from the latest European Commission report. These are the new scariest charts in Europe. At least for now.
Europe's definition of "long-term unemployment" is twice as depressing as our own. In the U.S., you have to be out of work and looking for a job for six months to count as long-term unemployed. In Europe, it's 12 months. But it's not just how they define long-term unemployment that's depressing -- it's their levels of it, too. As you can see in the chart below that compares long-term unemployment rates across Europe in 2007 and 2011 (the latest year for which we have figures), it's really a tale of two continents. The PIGS (Portugal, Ireland, Greece, and Spain) and Baltics are getting crucified on a cross of euros, euro-pegged currencies, and austerity. Everybody else is doing fine to meh.
Think about it this way. Roughly 1 out of 11 people in the workforce have been unemployed for a year or more in the worst-hit countries. That's even worse than the U.S. unemployment rate overall. Big economies like France and Italy are trending in the wrong direction, with growth reversing.
That brings us to our second scariest chart. The young have taken a big part, though certainly not all, of the jobless hit -- even in the continent's better-performing economies. The reality isn't quite as bad as the stories you may have heard about half of all Greek youths being out of work, since those numbers don't account for kids in school or training programs, but it's still bad enough. As you can see in the chart below, the percent of youths (defined as aged 15 to 24) who are neither working nor in school nor receiving some kind of training is still high enough to cause serious worry. Outside of Germany, it's edged up everywhere, if not outright spiked. It's not a good time to be young in Latvia. Or Ireland. Or Greece. Or Spain. Or Italy.
The toxic combination of careers deferred and discontinued for long periods can create what economists call "hysteresis" -- permanent damage to the economy. There's a stigma to being out of work for too long, or starting a career too late, that is difficult to overcome, short of an economic boom. Patting yourself on the back when so much remains to be done defines down success so far that failure becomes impossible -- and so will genuine success, in the future.
Europe's policymakers need some Rooseveltian, if not Churchillian, resolve in the face of mass unemployment. In other words, aggressive ECB bond-buying and fiscal expansion in the countries that can afford fiscal expansion (which will spillover into the countries that cannot). Anything less is just appeasement of inflation hawks and deficit scolds intent on winning a phony war against phantom opponents.
Einstein’s gravitational waves rest on a genuinely radical idea.
After decades of anticipation, we have directly detected gravitational waves—ripples in spacetime traveling at the speed of light through the universe. Scientists at LIGO (the Laser Interferometic Gravitational-wave Observatory) have announced that they have measured waves coming from the inspiral of two massive black holes, providing a spectacular confirmation of Albert Einstein’s general theory of relativity, whose hundredth anniversary was celebrated just last year.
Finding gravitational waves indicates that Einstein was (once again) right, and opens a new window onto energetic events occurring around the universe. But there’s a deeper lesson, as well: a reminder of the central importance of locality, an idea that underlies much of modern physics.
Most people know how to help someone with a cut or a scrape. But what about a panic attack?
Here’s a thought experiment: You’re walking down the street with a friend when your companion falls and gashes her leg on the concrete. It’s bleeding; she’s in pain. It’s clear she’s going to need stitches. What do you do?
This one isn’t exactly a head-scratcher. You'd probably attempt to offer some sort of first-aid assistance until the bleeding stopped, or until she could get to medical help. Maybe you happen to have a Band-Aid on you, or a tissue to help her clean the wound, or a water bottle she can use to rinse it off. Maybe you pick her up and help her hobble towards transportation, or take her where she needs to go.
Here’s a harder one: What if, instead of an injured leg, that same friend has a panic attack?
Today’s empires are born on the web, and exert tremendous power in the material world.
Mark Zuckerberg hasn’t had the best week.
First, Facebook’s Free Basics platform was effectively banned in India. Then, a high-profile member of Facebook’s board of directors, the venture capitalist Marc Andreessen, sounded off about the decision to his nearly half-a-million Twitter followers with a stunning comment.
“Anti-colonialism has been economically catastrophic for the Indian people for decades,” Andreessen wrote. “Why stop now?”
After that, the Internet went nuts.
Andreessen deleted his tweet, apologized, and underscored that he is “100 percent opposed to colonialism” and “100 percent in favor of independence and freedom.” Zuckerberg, Facebook’s CEO, followed up with his own Facebook post to say Andreessen’s comment was “deeply upsetting” to him, and not representative of the way he thinks “at all.”
Ben Stiller’s follow-up to his own comedy classic is a downright bummer, no matter how many celebrity cameos it tries to cram in.
You don’t need to go to the theater to get the full experience of Zoolander 2. Simply get your hands on a copy of the original, watch it, and then yell a bunch of unfunny topical lines every time somebody tells a joke. That’s how it feels to watch Ben Stiller’s sequel to his 2001 spoof of the fashion industry: Zoolander 2 takes pains to reference every successful gag you remember from the original, and then embellish them in painful—often offensive, almost always outdated—fashion. It’s a film that has no real reason to exist, and it spends its entire running time reaffirming that fact.
The original Zoolander, to be fair, had no business being as funny as it was—it made fun of an industry that already seems to exist in a constant state of self-parody, and much of its humor relied on simple malapropisms and sight gags. But it was hilarious anyway as a candid snapshot of the fizzling-out of ’90s culture. Like almost any zeitgeist comedy, it belonged to a particular moment—and boy, should it have stayed there. With Zoolander 2, Stiller (who directed, co-wrote, and stars) tries to recapture the magic of 2001 by referencing its past glories with increasing desperation, perhaps to avoid the fact that he has nothing new to say about the fashion industry or celebrity culture 15 years laters.
The bureau successfully played the long game in both cases.
The story of law enforcement in the Oregon standoff is one of patience.
On the most obvious level, that was reflected in the 41 days that armed militia members occupied the Malheur National Wildlife Refuge near Burns. It took 25 days before the FBI and state police moved to arrest several leaders of the occupation and to barricade the refuge. It took another 15 days before the last of the final occupiers walked out, Thursday morning Oregon time.
Each of those cases involved patience as well: Officers massed on Highway 395 didn’t shoot LaVoy Finicum when he tried to ram past a barricade, nearly striking an FBI agent, though when he reached for a gun in his pocket they finally fired. Meanwhile, despite increasingly hysterical behavior from David Fry, the final occupier, officers waited him out until he emerged peacefully.
By mining electronic medical records, scientists show the lasting legacy of prehistoric sex on modern humans’ health.
Modern humans originated in Africa, and started spreading around the world about 60,000 years ago. As they entered Asia and Europe, they encountered other groups of ancient humans that had already settled in these regions, such as Neanderthals. And sometimes, when these groups met, they had sex.
We know about these prehistoric liaisons because they left permanent marks on our genome. Even though Neanderthals are now extinct, every living person outside of Africa can trace between 1 and 5 percent of our DNA back to them. (I am 2.6 percent Neanderthal, if you were wondering, which pales in comparison to my colleague James Fallows at 5 percent.)
This lasting legacy was revealed in 2010 when the complete Neanderthal genome was published. Since then, researchers have been trying to figure out what, if anything, the Neanderthal sequences are doing in our own genome. Are they just passive hitchhikers, or did they bestow important adaptations on early humans? And are they affecting the health of modern ones?
Jim Gilmore joins Chris Christie and Carly Fiorina, and leaves the race after a poor showing in New Hampshire.
Jim Gilmore’s candidacy this year was improbable—but even more improbable was the minor cult of personality that developed around it.
The former Virginia governor never had a chance. Not, like, in the sense of Lindsey Graham, a candidate with national standing but no path to the presidency. More in the George Pataki sense: a guy who had no real business in race, but was running anyway. Except that Gilmore made Pataki look like a juggernaut. Also, Pataki saw the writing on the wall and had the sense to drop out in late December. Gilmore soldiered on, and ended up as the last of the truly longshots to leave.
The result was that Gilmore turned into a sort of folk hero. Not for voters, mind you—he managed only 12 votes in Iowa and 125 in New Hampshire, and his campaign was funded largely by loans from himself. Because of his low support in the polls, Gilmore only made the cut for the very first kid’s-table debate in August, and then again for the undercard in late January. Other than that, he was shut out completely.
How teachers and parents can identify and cultivate children who think creatively and unconventionally
In his new book, Originals: How Non-Conformists Move the World, the writer, Wharton professor, and erstwhile magician Adam Grant explores the circumstances that give rise to truly original thinkers. Through stories of business “originals” such as the Bridgewater Associates founder Ray Dalio, and the Warby Parker co-founder Neil Blumenthal, he explains how unorthodox thinking can result in unprecedented success or—if shaped by groupthink or myopic vision—miserable failure.
Grant is a gifted educator himself, and, as Wharton’s top rated teacher for the past four years, knows a little something about identifying and cultivating original thinking in his students. I asked Grant about the role teachers play in educating original children, and how teachers and parents alike can protect what’s special in these original children—traits that have the potential to disrupt lesson plans today, but, if nurtured and protected, may just change the world tomorrow. Below is a lightly edited and condensed version of our conversation.
Two hundred fifty years of slavery. Ninety years of Jim Crow. Sixty years of separate but equal. Thirty-five years of racist housing policy. Until we reckon with our compounding moral debts, America will never be whole.
And if thy brother, a Hebrew man, or a Hebrew woman, be sold unto thee, and serve thee six years; then in the seventh year thou shalt let him go free from thee. And when thou sendest him out free from thee, thou shalt not let him go away empty: thou shalt furnish him liberally out of thy flock, and out of thy floor, and out of thy winepress: of that wherewith the LORD thy God hath blessed thee thou shalt give unto him. And thou shalt remember that thou wast a bondman in the land of Egypt, and the LORD thy God redeemed thee: therefore I command thee this thing today.
— Deuteronomy 15: 12–15
Besides the crime which consists in violating the law, and varying from the right rule of reason, whereby a man so far becomes degenerate, and declares himself to quit the principles of human nature, and to be a noxious creature, there is commonly injury done to some person or other, and some other man receives damage by his transgression: in which case he who hath received any damage, has, besides the right of punishment common to him with other men, a particular right to seek reparation.
When four American women were murdered during El Salvador’s dirty war, a young U.S. official and his unlikely partner risked their lives to solve the case.
On December 1, 1980, two American Catholic churchwomen—an Ursuline nun and a lay missionary—sat down to dinner with Robert White, the U.S. ambassador to El Salvador. They worked in rural areas ministering to El Salvador’s desperately impoverished peasants, and White admired their commitment and courage. The talk turned to the government’s brutal tactics for fighting the country’s left-wing guerrillas, in a dirty war waged by death squads that dumped bodies in the streets and an army that massacred civilians. The women were alarmed by the incoming Reagan administration’s plans for a closer relationship with the military-led government. Because of a curfew, the women spent the night at the ambassador’s residence. The next day, after breakfast with the ambassador’s wife, they drove to San Salvador’s international airport to pick up two colleagues who were flying back from a conference in Nicaragua. Within hours, all four women would be dead.