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**Eleanor Roosevelt**: [My Day](https://www.gwu.edu/~erpapers/myday/displaydoc.cfm?_y=1946&_f=md000383): >"HYDE PARK, Thursday—The Fourth of July, when we celebrate our freedom, has made me want to urge my readers to become familiar with Howard Fast's 'The American,' which I am just about half way through. Mr. Fast's book is the story of Pete Altgeld, but it might be the story of many another man during the Civil War and after. It is also the story of the organization of the little man, the man who works with his hands for small returns. >As we look back at those days, I think we can get some inspiration and satisfaction, for the little man, through his sacrifices and his organization, has made gains. He still has to sacrifice and still has to organize. Thank God, he has had some big men with him from the start. >The liberty which we celebrate on July Fourth is not as yet fully attained. The Four Freedoms we pledged ourselves to strive for in the Atlantic Charter are not fully attained at home or abroad. Who can say here in our wonderful country that we have freedom from fear—either the fear of aggression or the fear of want? Who can say that... Continue »
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**Must-Read: Austin Smith**: [Don’t Punish Journalists for Software Problems](http://equitablegrowth.org/?p=27749): "Editors are cornered by two problems... >...a hard job that gets harder by the month, and a media/social beast that feeds ravenously on every minor mistake. >No, wait, sorry, some editors are cornered by three problems, because their news organizations can’t get their damn CMS straight.... At the heart of any CMS is a text editor, which must offer writers and editors many different options for presenting an article correctly in every form factor. The text editor in the Daily News’s CMS stripped out formatting that declared blockquotes or hanging indents. Whoops! Of these three problems... one is actually possible to solve right now. It is absolutely possible to build a CMS that handles inbound formatting neatly... > Continue »
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Audi of America reported that its June 2016 sales increased 1% to 18,445 vehicles, the brand’s 66th consecutive monthly sales record in the US. The previous June record was set in 2015 with 18,262 Audi vehicles sold. Through the first six months of 2016, Audi US sales have risen 3.5%... Continue »
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At £20 and the downloading of a smartphone app this tracking device ticks all the right boxes. And if you USE THIS LINK you get a buy one get one free offer courtesy of Wales Outdoors! Continue »
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**(1) Recession Chances?:** The chances of recession are smmall, but not very small. Robert Solow likes to quote Damon Runyon that nothing between humans is more than 3 to 1. We have a very hard time imagining how fat the tails are--and so even when things look clear there are always dangers surprisingly close That said, expansions do not die of natural causes. It is true that the unwinding of malinvestment balances is a fraught moment. But we climbed down from the dot-com bubble successfully. And we almost climbed down from the housing bubble successfully—I confess that even in July 2008 I thought we were going to make it. And so I think, today, that we are going to make it without a recession in our near future. (Britain and Texas, on the other hand...) **(2) Secular Stagnation?:** If what we call "secular stagnation" were predominantly on the supply side, we would be seeing many more signs of demand exceeding supply and of upward pressure on prices in individual sectors with bottlenecks than we are. As it is, we see only one bottleneck and one sector of significant pressure: housing prices in world cities where NIMBYism rules. **(3) The Equilibrium... Continue »
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Blog: Jason Womack
Raced a triathlon & finished 2nd (age group). While swimming, I had an interesting experience. You see, I scheduled a root canal for next Wednesday. Today, when some Pacific Ocean got into my mouth, instant pain. #SwimFaster Continue »
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**Live from the British Conservatives' Self-Made Gehenna: The Full English Brexit:** * **George Soros**: [Brexit](https://www.project-syndicate.org/commentary/brexit-eu-disintegration-inevitable-by-george-soros-2016-06): "All of us who believe in the values and principles that the EU was designed to uphold must band together to save it by thoroughly reconstructing it. I am convinced that as the consequences of Brexit unfold in the weeks and months ahead, more and more people will join us." * **Chris Patten**: [Brexit](https://www.project-syndicate.org/commentary/brexit-political-suicide-by-chris-patten-2016-06): "one of Churchill’s more famous aphorisms: ‘The trouble with committing political suicide is that you live to regret it’.... Many ‘Leave’ voters may not.... But the young Britons who voted overwhelmingly to remain a part of Europe almost certainly will." * **Ken Rogoff**: [Brexit](https://www.project-syndicate.org/commentary/brexit-democratic-failure-for-uk-by-kenneth-rogoff-2016-06): "This isn’t democracy; it is Russian roulette for republics. A decision of enormous consequence--far greater even than amending a country’s constitution (of course, the United Kingdom lacks a written one)--has been made without any appropriate checks and balances." * **Mark Leonard**: [Brexit](https://www.project-syndicate.org/commentary/brexit-direct-democracy-destroys-europe-by-mark-leonard-2016-06): "Handing power back to the masses through direct democracy... is a nightmare... for democratic governance.... California’s experience... has shown the public will often vote for contradictory things.... [And] for the EU, this dynamic is exponentially more challenging." * **Harold James**: [Brexit](https://www.project-syndicate.org/commentary/brexit-revolt-eu-establishment-by-harold-james-2016-06): "The vote for Brexit... Continue »