Friday, December 19, 2008

Clinton Was Part of the Problem!

In 1997 Bill Clinton passed a law that nearly eliminated capital gains taxes on real estate. The result:

"…many economists say that the law had a noticeable impact, allowing home sales to become tax-free windfalls. A recent study of the provision by an economist at the Federal Reserve suggests that the number of homes sold was almost 17 percent higher over the last decade than it would have been without the law."

Are we all still sure that we want to hold Clintonism up as the ideal economic model?

Thursday, December 18, 2008

Corruption in Iraq? Seriously?!

The New York Times reported today that several dozen Iraqi government officials had been arrested for allegedly plotting a coup that would return Saddam’s Baathist party to power. While such an event is no doubt disturbing, I also can’t help but wonder if Iraq’s Prime Minister, Mr. Maliki, isn’t using the arrests to consolidate his own power.

The truth is probably somewhere in between those two poles. The arrested officials were probably plotting to seize more power, whether lawfully or unlawfully. But according to this NYTimes article, Mr. Maliki has recently been firing government anti-corruption officials.

Were the arrested officials actually disloyal? Or is Maliki using the corruption – corruption that his own policies have helped flourish – to clean the government of officials he views as less-than-loyal to him? We might never know the answer.

Well That Answers That...

How does Santa deliver his presents?

Easy:

"He understands that space stretches, he understands that you can stretch time, compress space and therefore he can, in a sense, actually have six Santa months to deliver the presents,' Professor Larry Silverberg from North Carolina State University said."

Professional Sports and Race

Over the years I’ve had several conversations with different people about the prevalence of black athletes in professional sports. When Jeremy Wariner won the gold medal in Athens in the 400m, we were amazed that "a skinny white guy" could outrun everyone else. After all, a white man hadn't won the 400m sprints in something like 40 years.

I came across this interesting article in Slate magazine relating to this topic and thought I’d share. The guy acknowledges that, as far as entire populations go, black people are slightly more likely than whites and even more likely than Asians to have genes that indicate an abundance of the “fast twitch” muscles that are necessary in most sports. But that slight genetic predisposition does not explain the overwhelming presence of black athletes in, for example, the NBA, where around 80% of the athletes are black. There are other factors at work.

What those other factors might be is a bit beyond the scope of that article, but the question intrigues me. Certainly there’s the idea in poor, mostly minority cultures that the only way out is through sports. Not only will sports give you riches, but it will also give you fame. How could that not be appealing to a kid who goes to a school where there aren’t enough books in the classroom?

People will often look at the prevalence of minority players in professional sports as a sign that America is becoming increasingly colorblind. But the owners are white and the coaches are white. In fact, I’d bet that minorities are underrepresented in every service market related to the sports industry: agents; hospitality; marketing; vendors. We trip over ourselves to say how wonderful it is that we, a mostly white society, give young black players a chance at money and fame on the sports field, but at the same time the whole show is run almost exclusively by whites.

If a poor young black child has moderate football skills and moderate intelligence, what are his parents, coaches, and teachers going to tell him? “Work your ass off to be a better football player, son! It’s the only way that you’ll ever make it to college and then to the big time.”

What about a young white kid in the suburbs with moderate football skills and moderate intelligence? I guarantee you his parents, coaches, and teachers will say “You can keep playing football but you’d better hit the books hard, son! It’s the only way you’ll ever make it to college and onto a good career.”

Which position would you rather be in? If the black kid gets hurt or just isn’t good enough, what options does he have left? He’s neglected his education and probably can’t afford to go to college without a football scholarship. But if the white kid turns out to be terrible at football, he still might get into an Ivy League school and at the very least he’s got a solid educational background and can probably afford a decent local college.

In the end, who’s going to work harder to be a professional sports player? The young black kid, who has no other options; or the young white kid, who if he’s not quite good enough at football, can always just go to college anyway.

We’ve got to find a way to make the system work better.

Wednesday, December 17, 2008

Well I Guess This is Growing Up

I went to a Christmas party hosted by a New York friend of mine last weekend. My girlfriend joined me, as did both of my roommates and several other people that constitute my “group” here in the Big Apple. I’ve met all of them through my roommate, Tyler, who met them through his affiliation with Teach for America.

It didn’t strike me as odd at the time, but thinking back it does seem a little strange that peers of mine threw, and I attended, an “adult” Christmas party (i.e. there weren’t any kegs and we didn’t play beer pong). The host made a really good ham and grilled potatoes, and someone else had brought salad and crackers with cheese. My girlfriend and I provided chips and salsa. We made sure to buy a really good brand without telling anyone that we hadn’t made it from scratch. It was a hit.

Gone are the days when I was forced to attend my parents’ friends’ Christmas parties wearing ridiculous holiday sweaters. I have awkward memories of being forced to socialize with unlikable children, and I remember always being relieved when we would leave.

But now my age group, like our parents before us, is slowly starting to throw and attend our own Christmas parties. It’s ridiculously strange to think that some day soon, my friends and I will be hauling our own unenthusiastic children to awkwardly socialize with one another. I’m getting older, I can feel it.

Wednesday, December 3, 2008