Putting aside the impact of the Fed’s LSAP’s (and tapering) on the level of long term interest rates, I’ve held on to a few different trends as to why I believe a material rise in interest rates is unlikely in the near future. Said a different way, various data series have signified to me why the…
“It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and gain, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself for a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat.” (“Citizenship in a Republic” speech at the Sorbonne, Paris, April 23, 1910)
“Never ignore a person who loves you, cares for you, and misses you. Because one day, you might wake up from your sleep and realize that you lost the moon while counting the stars.”—Nico Lang (via thegirlinacoma)
The power went out a few minutes ago. I’m left here with only the light of the fire in the fireplace and the soft glow of my computer screen as it plays the only album I’ve downloaded onto my computer. I know the first few songs are quiet and fit the mood quite well but I also know that there…
“Of course, you never really forget anyone, but you certainly release them. You stop allowing their history to have any meaning for you today. You let them change their haircut, let them move, let them fall in love again. And when you see this person you have let go, you realize that there is no reason to be sad. The person you knew exists somewhere, but you are separated by too much time to reach them again.”—(via orangieporangiepuddingpie)
In an economy driven by collaboration customers have already caught on—think Airbnb, Spotify, or Uber. But it’s not just for users: the model is fundamentally changing the way business—and businesses—work.
“One of the most important things I believe is to get the very best work that people are doing so you do not make the mistake … of printing 2nd rate stuff by 1st rate writers. … [Paying writers] is the absolute secret of getting the first rate stuff.”—Hemingway on how to run a first-rate publication – timeless wisdom circa 1925, timely amidst a discussion of why you shouldn’t write for free today. (via explore-blog)
Imagining yourself as “doing good” can sometimes lead to bad things. You eat more at Thanksgiving because you went to the gym in the morning. The “good” action somehow licenses the “bad” action, because you have a self-image as a healthy person. Similarly, you may commit unethical acts precisely because you consider yourself an upstanding person. You do the heinous thing because, subconsciously or not, you have the halo-credits in the bank.
Psychologists call this “moral licensing” or “self licensing,” and apparently it applies as much to corporate behavior as it does to eating. A new study finds that CEOs are more likely to do bad things when they’ve just unveiled a corporate responsibility initiative. In other words, those leaders that look best may be the ones we should be most wary about.
It begins and ends with a lapse in belief that plagues all self-aware listeners: “I hate music / What is it worth? / Can’t bring anyone back to this Earth.” In the intervening two minutes of “Me & You & Jackie Mittoo”, Mac McCaughan and his band of indie rock lifers do everything short of raising the dead in convincing themselves—and us—that music can be worth everything. Stitching together a song out of could-have-been choruses, the band reinvigorates clichés like loading up the van and sweet summer breezes, and hangs its title line on an inspirational figure a few genres over. It’s a perfect encapsulation of how both communal experience and unlikely, treasured record store scores can silence the pesky naysaying pragmatist lurking in the heart of music fans everywhere. And, as the members of Superchunk know well, a killer sing-along refrain never hurts, either.
Here’s the one entry I wrote for PopMatters’ singles list, up today. It hasn’t been a rich year of discovery for me, since stay-at-home parenting a toddler (even part-time) takes a huge chunk out of your listening time. Started a great, full-time library job two weeks ago, complete with some headphones-friendly responsibilities and bus commute, though, so 2014’s ballot may look a little more interesting (if not necessarily better, because I stand by these choices) than this year’s:
1. Superchunk – “Me & You & Jackie Mittoo” 2. Okkervil River – “Down Down the Deep River” 3. Paramore – “Still Into You” 4. Kanye West – “Bound 2” 5. Chvrches – “Gun”
The Chvrches’ tune is the only one that didn’t end up fairly high on the PM list, but “The Mother We Share” (2012, guys!) did.
“Don’t take anything personally. Nothing others do is because of you. What others say and do is a projection of their own reality, their own dream. When you are immune to the opinions and actions of others, you won’t be the victim of needless suffering.”—(via orangieporangiepuddingpie)