Best Of The Web
“Whatever one thinks of President Trump, it’s hard to deny that much of America is feeling great again.
Surveys show that consumers have been this confident only twice before, at the height of the economic booms of the 1960s and 1990s, and their mood is bright across income groups, not just among the rich. Small business confidence has not been higher since the surveys began nearly five decades ago. The misery index, invented in the 1970s to describe the agonizing combination of inflation and unemployment, is now just 6 percent, matching the lowest levels of the last half century.
This year in particular, the economy has performed exceptionally well. Among major economies, only the United States has accelerated significantly in 2018, while Europe, Japan and many emerging economies have slowed markedly. The Commerce Department reported Friday that the economy grew at a very strong pace of 3.5 percent in the third quarter, putting it on track for its best year in more than a decade. This raises a question: Why has the stock market, which normally rises when investors anticipate strong economic growth, been gyrating wildly?
Investors may now be expecting America to peak after a hot decade. Even with recent setbacks, the performance gap between the United States stock market and the rest of the global markets is close to a 100-year high. Money flowing into the United States has also driven up the value of the dollar, which has never been more dominant as the world’s preferred currency.”
JJ Editor's Daily Picks
"After five years of war with the Islamic State, the biggest problem for the winners is coping with the losers. The aftermath has produced one of the world’s most perplexing postwar challenges..."
"What do we mean when we say that the “soul of the city” is under threat? Often, it’s really about politics, nostalgia, and the fear of community change."
"...the pendulum of history never stops moving. Indeed, one of the few constants of history is unceasing change. While we seem to be heading in one direction, we must remember that there will surely be pauses, turns, and reversals."
""Homecoming: A Film by Beyoncé," premiered early Wednesday and it was the fulfillment of all the ancestors' hopes and dreams. Beyoncé also dropped "Homecoming: The Live Album.""
"Seven in 10 adults ages 18 to 34 received financial support from their parents in the last year, including more than half of those in their early 30s. Almost three in five millennials said they couldn’t afford their lifestyles without the support."
"Social media influencers have helped turn public lands into tourist-infested swamps. And one cantankerous man is fighting back."
"One particular myth that attached itself to Ledger was that his death was somehow a result of immersing himself in the character of the Joker."
"In 2018, for the second year in a row, American publishers released fewer translated titles: 609 books were published, down from 650 in 2017 and the industry high in 2016 of 666."
"Egg freezing had become so routine among my single peers that when I hit 35, I never thought twice. Here’s what I wish I had known."
"When it comes to Passover cuisine, most home cooks know to avoid wheat, oats, rye, and other forbidden ingredients. But what consumers might not realize is just how much cotton they eat during the holiday."
"A masked figure looms over your recumbent body, wielding power tools and sharp metal instruments, doing things to your mouth you cannot see."
"Passover is a holiday that commemorates the Jewish people escaping slavery in Egypt. It is often referred to as the “festival of freedom.” My Passover in prison was at a place called the Wallkill Correctional Facility..."