Fannie Needs Another $8.5 Billion From Taxpayers, But Freddie's Okay?

A Catfishing With a Happy Ending

Jeff Maysh

Emma Perrier was deceived by an older man on the internet—a hoax that turned into an unbelievable love story.

Emma Perrier spent the summer of 2015 mending a broken heart, after a recent breakup. By September, the restaurant manager had grown tired of watching The Notebook alone in her apartment in Twickenham, a leafy suburb southwest of London, and decided it was time to get back out there. Despite the horror stories she’d heard about online dating, Emma, 33, downloaded a matchmaking app called Zoosk. The second “o” in the Zoosk logo looks like a diamond engagement ring, which suggested that its 38 million members were seeking more than the one-night stands offered by apps like Tinder.

She snapped the three selfies the app required to “verify her identity.” Emma, who is from a volcanic city near the French Alps, not far from the source of Perrier mineral water, is petite, and brunette. She found it difficult to meet men, especially as she avoided pubs and nightclubs, and worked such long hours at a coffee shop in the city’s financial district that she met only stockbrokers, who were mostly looking for cappuccinos, not love.

A dragonfly in the sunset — Todd Korol / Reuters

Insects Are In Serious Trouble

Ed Yong

In western Germany, populations of flying insects have fallen by around 80 percent in the last three decades.

The bottles were getting emptier: That was the first sign that something awful was happening.

Since 1989, scientists from the Entomological Society Krefeld had been collecting insects in the nature reserves and protected areas of western Germany. They set up malaise traps—large tents that funnel any incoming insect upward through a cone of fabric and into a bottle of alcohol. These traps are used by entomologists to collect specimens of local insects, for research or education. “But over the years, [the Krefeld team] realized that the bottles were getting emptier and emptier,” says Caspar Hallmann, from Radboud University.

By analyzing the Krefeld data—1,503 traps, and 27 years of work—Hallmann and his colleagues have shown that most of the flying insects in this part of Germany are flying no more. Between 1989 and 2016, the average weight of insects that were caught between May and October fell by an astonishing 77 percent. Over the same period, the weight of insects caught in the height of summer, when these creatures should be at their buzziest, fell by 82 percent.

rangizzz / oasis15 / Shutterstock / Katie Martin / The Atlantic

How Money Became the Measure of Everything

Eli Cook

Two centuries ago, America pioneered a way of thinking that puts human well-being in economic terms.

Money and markets have been around for thousands of years. Yet as central as currency has been to so many civilizations, people in societies as different as ancient Greece, imperial China, medieval Europe, and colonial America did not measure residents’ well-being in terms of monetary earnings or economic output.

In the mid-19th century, the United States—and to a lesser extent other industrializing nations such as England and Germany—departed from this historical pattern. It was then that American businesspeople and policymakers started to measure progress in dollar amounts, tabulating social welfare based on people’s capacity to generate income. This fundamental shift, in time, transformed the way Americans appraised not only investments and businesses but also their communities, their environment, and even themselves.

Trump's Unforced Error

David A. Graham

A series of damaging stories about the president's methods of consoling grieving Gold Star families represent the president’s latest entirely self-inflicted wound.

The question to President Trump on Monday sounded relatively innocuous: “Why haven’t we heard anything from you so far about the soldiers that were killed in Niger? And what do you have to say about that?” It’s certainly not the kind of question that seemed likely to set off several days of heated controversy.

But the hubbub that has ensued, centering on Trump’s response to the deaths of four soldiers in Niger and, more broadly, the way he deals with grieving military families, is yet another example of how this president inflicts crises on himself. This pattern has happened several times since Trump entered office, with the tussle over the size of his crowd on Inauguration Day and his claim that Barack Obama “wiretapped him.” In each case, Trump’s bluster and his seeming obsession with Obama have led him to commit serious unforced errors.

Have Smartphones Destroyed a Generation?

Jean M. Twenge

More comfortable online than out partying, post-Millennials are safer, physically, than adolescents have ever been. But they’re on the brink of a mental-health crisis.

One day last summer, around noon, I called Athena, a 13-year-old who lives in Houston, Texas. She answered her phone—she’s had an iPhone since she was 11—sounding as if she’d just woken up. We chatted about her favorite songs and TV shows, and I asked her what she likes to do with her friends. “We go to the mall,” she said. “Do your parents drop you off?,” I asked, recalling my own middle-school days, in the 1980s, when I’d enjoy a few parent-free hours shopping with my friends. “No—I go with my family,” she replied. “We’ll go with my mom and brothers and walk a little behind them. I just have to tell my mom where we’re going. I have to check in every hour or every 30 minutes.”

Those mall trips are infrequent—about once a month. More often, Athena and her friends spend time together on their phones, unchaperoned. Unlike the teens of my generation, who might have spent an evening tying up the family landline with gossip, they talk on Snapchat, the smartphone app that allows users to send pictures and videos that quickly disappear. They make sure to keep up their Snapstreaks, which show how many days in a row they have Snapchatted with each other. Sometimes they save screenshots of particularly ridiculous pictures of friends. “It’s good blackmail,” Athena said. (Because she’s a minor, I’m not using her real name.) She told me she’d spent most of the summer hanging out alone in her room with her phone. That’s just the way her generation is, she said. “We didn’t have a choice to know any life without iPads or iPhones. I think we like our phones more than we like actual people.”

Downtown Chicago pictured at dawn — George Rose / Getty Images

Rich City, Poor City

Ronald Brownstein

An increasing number of American mayors are trying to channel recent economic growth to neglected neighborhoods.

With most big cities’s economies continuing to grow, the most pressing issue they face is how to connect their low-income communities to the opportunities that growth creates. New efforts developing in Charlotte, North Carolina, and Chicago show the many creative alternatives cities are exploring to respond to that challenge—and the obstacles they face.

From 2010 through 2015, all of the 100 largest metropolitan areas added jobs, and 98 of them increased their total economic output, according to calculations by the Brookings Institution’s Metropolitan Policy Program.

But in most cities, that revival has largely bypassed communities of concentrated poverty, like large swathes of Chicago’s predominantly African-American South Side or mostly Hispanic East Charlotte. Across the country, many cities have fueled their growth by importing streams of young college graduates from elsewhere, while struggling to place their own low-income kids on a track to obtain the education necessary to compete for those same jobs. Compounding the problem, longtime residents and commercial establishments in moderate- and low-income neighborhoods can find themselves pushed out by rising rents as developers pursue young white-collar workers flocking to urban environments.

Jesse Draxler; Photo: David Hume Kennerly / Getty

The First White President

Ta-Nehisi Coates

The foundation of Donald Trump’s presidency is the negation of Barack Obama’s legacy.

It is insufficient to state the obvious of Donald Trump: that he is a white man who would not be president were it not for this fact. With one immediate exception, Trump’s predecessors made their way to high office through the passive power of whiteness—that bloody heirloom which cannot ensure mastery of all events but can conjure a tailwind for most of them. Land theft and human plunder cleared the grounds for Trump’s forefathers and barred others from it. Once upon the field, these men became soldiers, statesmen, and scholars; held court in Paris; presided at Princeton; advanced into the Wilderness and then into the White House. Their individual triumphs made this exclusive party seem above America’s founding sins, and it was forgotten that the former was in fact bound to the latter, that all their victories had transpired on cleared grounds. No such elegant detachment can be attributed to Donald Trump—a president who, more than any other, has made the awful inheritance explicit.

The exterior of Stuyvesant High School — Frank Franklin II / AP

Why Parents Make Flawed Choices About Their Kids' Schooling

Gail Cornwall

A new study shows that families act on insufficient information when it comes to figuring out where to enroll their children.

A person trying to choose their next set of wheels might see that car A made it farther than car B in a road test and assume it gets better gas mileage. But that’s only true if the two tanks are filled with the same substance. Putting high-octane gas in one and water in the other, for example, provides little useful information about which car makes the most of its fuel. A new working paper titled “Do Parents Value School Effectiveness?” suggests that parents similarly opt for schools with the most impressive graduates rather than figuring out which ones actually teach best. The study joins a body of research looking critically at what it means for a school to be successful.

Take the work of Erin Pahlke, for example. The assistant professor of psychology at Whitman College saw research showing that girls who attend school only with other girls tend to do better in math and science. The trick, she said, is that those studies didn’t analyze “differences in the students coming into the schools.” As it turns out, those who end up in same-sex schools tend to be wealthier, start out with more skills, and have parents who are more proactive than students who attend co-ed institutions. In a 2014 meta-analysis, Pahlke and her colleagues reviewed the studies and found when examining schools with the same type of students and same level of resources—rather than “comparing [those at] the public co-ed school to [their counterparts at] the fancy private school that’s single-sex down the road”—there isn’t any difference in how the students perform academically. Single-sex schooling also hasn’t been shown to offer a bump in girls’ attitudes toward math and science or change how they think about themselves. In other words, it often looks like single-sex schools are doing a better job educating kids, but they aren't. It's just that their graduates are people who were going to do well at any school. They’re running on high-octane gas.

Harvey Weinstein poses on the red carpet with photographers behind him. — Eric Gaillard / Reuters

#BalanceTonPorc Is France's #MeToo

Rachel Donadio

In the land of the insouciant shoulder shrug, it might have taken an American-made scandal to start a conversation on sexual assault.

PARIS — My adopted home is the land of the shoulder shrug, of the insouciant “bof,” of a “these-things-happen” cynicism—a place where there’s a small industry of books on seduction and far more shame attached to discussing money than to discussing sex. So it was surprising to see the Weinstein scandal explode so intensely in France.

But there are darker sides here—daily indignities and workplace harassment, to say nothing of troubling rates of women being harmed or even killed by their partners in France—and it seems to have taken Harvey Weinstein’s downfall to bring it out. While the hashtag #MeToo has released an emotional wave of testimonials by women around the world, in a kind of online group therapy, France’s answer, #BalanceTonPorc—“rat out your pig”—which went viral this week, takes things a step further.

A portrait of Michael Tubbs, the mayor of Stockton, California — Alexis Madrigal

Free Money at the Edge of the Tech Boom

Alexis C. Madrigal

A 27-year-old mayor is implementing a $1 million experiment in guaranteed income for residents of a poor city just outside the Bay Area.

The latest experiment in a universal basic income will be coming to Stockton, California, in the next year.

With $1 million in funding from the tech industry–affiliated Economic-Security Project, the Stockton Economic-Empowerment Demonstration (SEED) will be the country’s first municipal pilot program. As currently envisioned, some number of people in Stockton will receive $500 per month. That’s not enough to cover all their expenses, but it could help people with rising housing costs, paying student loans, or simply saving for life’s inevitable problems.

Last year, Stockton rents rose more than 10 percent, putting the city’s rental price growth among the top 10 in the nation. This is quite a surprise in what Time called “America’s most miserable city” just three years ago. The average rent remains a modest-by-Bay-standards $1,051, but Stockton has a per-capita income of just $23,046, more than $6,000 less than the U.S. median and a full $8,500 less than the California median. If you made the per-capita income of the city, average rent alone would eat 55 percent of your income.