Kevin Drum 🕸

The Wall Street Journal reports that raw recruits at big tech, finance, and consulting firms are being offered six-figure starting salaries. This is making their less lucky colleagues who graduated a few years ago unhappy: As wage inflation hits campuses during a roaring economic recovery and tight labor market, the next cohort of frosh workers ...continue reading "Back in the day, I had to live on less than $100,000"

For at least another month you'll need to mask up on planes, trains, and buses: The Centers for Disease Control and Prevention is developing guidance that will ease the nationwide mask mandate on airplanes, buses and other mass transit next month, according to a U.S. official, but in the meantime the existing face covering requirement ...continue reading "Mask mandate on planes extended another month"

Today is inflation day, and the BLS reports that the US inflation rate rose in lockstep with the European rate announced a few days ago. The headline inflation rate went up from 7.1% in January to 7.9% in February: Average weekly earnings, adjusted for inflation, declined 0.8% from January to February. That's an annualized rate ...continue reading "Chart of the day: Inflation is up yet again"

A couple of months ago I replaced my Surface Pro 7 with a Surface Pro 8. Hope springs eternal, after all. But it's turned out to be a waste of money: As near as I can tell, performance is about the same as the 7. The bezel-less screen probably seemed like a good idea to ...continue reading "A progress report on the Surface Pro 8 tablet"

Matt Grawitch brings to our attention a new study on alcohol consumption: Just Half A Beer Per Day Shrinks Your Brain, Suggests Study Bad news for casual drinkers — just one to two alcohol units a day results in lower brain volume, only getting worse as consumption increases, a new study suggests. The study continues ...continue reading "Go ahead and have a beer today"

That was quick: Don't get too comfy, though. Tomorrow some reporter will yell a question at MBS about Saudi oil production and he'll just flash them an enigmatic smile and then walk away. Within an hour oil will be selling for a thousand dollars a barrel or something.

Sunset on the EJ Grizzaffi Bridge crossing the Atchafalaya River in Morgan City, Louisiana.

This is absolutely nuts. Is Putin trying to make the rest of the world hate his guts? Is he going to start bombing kitten and puppy hospitals next?

Here is average household spending on gasoline: The figures through 2020 come from the Consumer Expenditure Survey. The extrapolation for 2021 is based on retail sales of gasoline, which increased 36% compared to 2020. The extrapolation for 2022 is based on the price of oil, which has increased 70% since the beginning of the year ...continue reading "Raw data: US spending on gasoline"

Is this cheating? Am I getting a bonus catblogging day by putting up a picture of a random cat that I took a picture of last week? Probably. This particular cat was up on a roof in a section of town called Orange Park Acres, a little chunk of unincorporated land surrounded by the city ...continue reading "Lunchtime Photo"

This won't come as big news to readers of this blog, but it's worth posting just for the headline alone: A new study calculates that exposure to car exhaust from leaded gas during childhood stole a collective 824 million IQ points from more than 170 million Americans alive today, about half the population of the ...continue reading "Raw data: We’ve lost 824 million IQ points!"

In the 2002 presidential election in France, Jacques Chirac ended up in a runoff with Jean-Marie Le Pen, the odious founder of the racist National Front party. Many French voters found themselves in a tough position: not really liking Chirac, but knowing that they couldn't support the loathsome Le Pen. The French electorate did the ...continue reading "Maybe Democrats should ask Republicans only for the “loan” of their vote"

Former attorney general William Barr illustrates a big problem for Democrats: Asked by NBC News' Lester Holt whether he considered Trump "responsible" for the violence at the Capitol, Barr said: "I do think he was responsible in the broad sense of that word, in that it appears that part of the plan was to send ...continue reading "Meme of the day: Trump is a dangerous stain on humanity, but of course I’d still vote for him"

Axios is a news site founded by the founder of Politico, and it's famous for presenting the news in a short, bullet-pointed, and easily mockable format. However, I know all about that, so I wasn't very interested in today's New York Times feature about Axios. But I read it anyway, and I'm glad I did. ...continue reading "Axios wants to teach the world how to write like PowerPoint"

Today the New York Times published an op-ed by Emma Camp, a senior at the University of Virginia. The topic was stifling wokeness on campus, and as you can imagine it was not well received on lefty Twitter. But it provides an interesting object lesson. David Roberts tweeted that the op-ed wasn't just bad, but ...continue reading "Today brings yet another masterly discussion about wokeism on campus"

This is the Hollywood/Vine subway station on the LA metro's Red Line, aka the B Line. The top photo is the . . . foyer? Lobby? Whatever. It's a large space with a couple of old-timey movie projectors and some art deco palm trees. The bottom photo provides a closer look at the walls as ...continue reading "Lunchtime Photo"

For the past 50 years, spikes in the price of crude oil have been associated with economic recessions. Big spikes are followed by big recessions and small spikes are followed by small recessions: We are now approaching a very large spike in oil prices thanks to the Ukraine war. If this is merely a short-term ...continue reading "Raw data: Oil spikes and recessions"

COVID hospitalizations are continuing to plummet everywhere: I'm not sure why France is such a laggard, but even their hospitalization rate is declining rapidly. Within a couple of weeks, the US hospitalization rate should be at an all-time low.

Behold the strategic genius of Donald Trump: Trump mused to donors that we should take our F-22 planes, "put the Chinese flag on them and bomb the shit out" out of Russia. "And then we say, China did it, we didn't do, China did it, and then they start fighting with each other and we ...continue reading "Donald Trump, master great power strategist, has an idea"

Do ordinary Russians support the Ukraine war? No one can say for sure, but a best guess is that most of them do. Why is this? It's not so hard to figure out. First off, as background, Russians spent centuries resenting the cultural and economic dominance of the West. They especially resented it because it ...continue reading "Most Russians probably support the Ukraine war. Here’s why."