It’s Not the Economy, Stupid

Rational anaysis is hard to find in real life:

But in Elkhart, people have jobs they didn’t have six years ago, and they’re working more hours. Their homes are worth more than they were before Obama took office, on average, and their paychecks are fatter than they used to be. Yet Obama is, and will likely remain, the president who didn’t do anything right.

Link

Fear of change vs. change is progress

Ezra Klein frames up the election well here:

This is the argument coursing through this election. Democrats believe America’s rising diversity, its increased emphasis on inclusion, is making it greater. Republicans have nominated a candidate who represents and channels the fears of that diversity, the sense of displacement — both real and imagined — that accompanies that inclusion.

Check out a different view from Peter Beinart:

But when Elizabeth Warren and Bernie Sanders took the stage later in the evening, the convention began to sound much more like the campaign Gore actually ran: the dark and angry, “people versus the powerful.” Warren said: “I’m worried that opportunity is slipping away for people who work hard and play by the rules.” Sanders talked about “the 40-year decline of our middle class” (40 years that include the presidencies of Bill Clinton and Barack Obama), called American inequality “grotesque,” and said America was moving “toward oligarchy.”

Source: “The Democrats’ message: America is already great. Don’t let Trump screw it up.”

US SMB Spending

“Spending on information technology by the almost 6.5 million small and medium-sized businesses [1-999 employees] in the United States will approach $161.1 billion in 2015, accounting for over one-quarter of overall global SMB IT spending”

Details on spending totals are provided for key hardware, software, and services technology areas: PCs and peripherals, systems and storage, telecommunications equipment, packaged software, and IT services.

From IDC

Why it matters long term? As an academic says:

“There is a very strong track record of places that attract talent becoming places of long-term success,” said Edward Glaeser, an economist at Harvard and author of Triumph of the City. “The most successful economic development policy is to attract and retain smart people and then get out of their way.”

Here’s what happened in America between April 14 and 17. In the state of Washington, a 6-hour downtime of the 911 emergency phone system was caused by a third-party vendor’s router failure, resulting in 4,500 missed emergency calls. Police responding to an unrelated incident at the home of a New Jersey man found three containers of radioactive material he had stolen from a military arsenal. A bomb threat was made against a Verizon call center in Tennessee. Copper thieves stole cabling, causing internet and phone outages in New Mexico, and then again in Hawaii. A routine police traffic stop found four people with over 100 counterfeit Walmart gift cards, $32,000 in blank money orders, and a credit card coding device. And a new piece of malware was discovered that compromises Android devices and makes them mine for the cryptocurrency Litecoin, among other things. This is only a sampling of the 90-plus events that were reported over a three-day period, but it is more than enough for the plot of a cyberpunk novel.

Adam Rothstein, on DHS’s Daily Open Source Infrastructure Report, which compiles a list of news stories about threats and calamities affecting United States infrastructure on a daily basis (via mikerugnetta)