Not sure I agree with all of this, but an interesting read. From the Wall Street Journal:
In Booming Japan, the Phillips Curve Is Dead
Unemployment is down but inflation isn’t budging. Why companies resist raising prices
Not sure I agree with all of this, but an interesting read. From the Wall Street Journal:
In Booming Japan, the Phillips Curve Is Dead
Unemployment is down but inflation isn’t budging. Why companies resist raising prices

Wanted to catch the Boston vs Cleveland game, but we don’t have a cable box upstairs and the game is on TNT (or one of those cable channels). We do have a new Amazon Echo on the nightstand, but couldn’t find the game on it last night. Looks like ESPN radio has the game live! When was the last time you listened to a game (any sort of game) on the radio?
I was just watching Golden State vs Houston in the playoffs and thought I saw Adam Duritz in the second row. Turns out he is a big Golden State fan. I was going to post this one tomorrow, but do I really have to do these once a day, every day?
I remember hearing their hit “Mr Jones” and thought it was pretty good (appreciated the Dylan references). At that time I was finishing up school and would soon be getting married, getting a new job, moving to Europe and having a child. I never watched David Letterman in those days, but for some reason I saw him introduce the band. He was clearly a fan. At that point I figured I had to give their CD a listen. August and Everything After reminds me of those days.
When I started this post Houston was getting hammered. I looked up and it is almost the half and Golden State is down by 10. But now I am distracted and keep looking for Adam Duritz in the background instead of paying attention to the game.
Not a lot to say about this one. I bought the CD and brought it to a party at my old friend Dan’s house in Dallas. Played it over and over again. I don’t even remember if I had heard the hit song “Life in a Northern Town”, but I suppose I must have. Reading the Dream Academy wiki I found out they played Saturday Night Live. I didn’t own a TV in those days and never even heard about this until today. A cool video for this one that I ran across years later. Just some nice music by some talented people.

So my old friend Paul “Harry” Neuhardt tagged me for this 10 Favorite Albums thing on Facebook. Since I am not sending my content to Facebook these days I decided to do it here.
I have lots of albums and artists that I really like. Picking 10 is going to be hard in a funny way. Five or so will be easy, then there are maybe 20 or so albums that I like quite a lot. Whittling those down will be tougher.
My criteria is going to be: albums that I never get tired of listening to. There are some very good albums I still like to take out every now and then (I am listening to a bit of Bruce Springsteeen after about a 30 year hiatus) but stuff that is practically an addiction.
I will start with Bob Dylan’s “Blonde on Blonde“. One of the first albums I ever bought. I remember reading an article that had several local DJs listing their favorite albums. Most of them I had heard of, but one I had never even heard of, but was listed a few times by the DJs was “Blonde on Blonde”. So, mostly out of curiosity, I went out and bought it. This is when buying an album was a serious commitment. Maybe ten bucks for something that wasn’t on the radio and nobody had ever heard of. At least none of my teenage rock and roll friends Had heard of it.
I used to listen to it after school in high school, over and over again while playing pool in our playroom. I remember it took me weeks to get through all four sides (it was a double album). I was stunned. Never heard anything like it before. I wouldn’t even mention it to anyone I knew. My taste in music was already a bit suspect. I didn’t like Led Zep or Rush or Yes or any of the other bands my friends listened to. But this one had something I liked that I still can’t really describe. I was even more surprised to find out many years later, in College, that lots of other people liked this one, too.
An article from the Boston Review on the long term effects of the policies after Hurricane Katrina. I mentioned some of the changes I saw in a recent post (New Orleans II) but also mentioned the loss of important instutions like Charity Hospital. This article discusses what was lost, and who ended up paying the price.
Our Own Private Disaster
Terrible Schools Are Great for Business
Actually, the 1 Percent Are Still The Problem
The Atlantic trots out a familiar argument blaming the upper middle class for income inequality. It’s wrong.
By
DEMOGRAPHICS
When Europeans fly the nest
by Martin Armstrong, May 17, 2018
GOOGLE’S SELFISH LEDGER IS AN UNSETTLING VISION OF SILICON VALLEY SOCIAL ENGINEERING
This internal video from 2016 shows a Google concept for how total data collection could reshape society
Employers are monitoring computers, toilet breaks – even emotions. Is your boss watching you?
From microchip implants to wristband trackers and sensors that can detect fatigue and depression, new technology is enabling employers to watch staff in more and more intrusive ways. How worried should we be?