American Economics Thread

martinwagner

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America’s schools have wiped out two decades of progress in math and posted their biggest decline in reading scores since 1990

Student test scores in US elementary schools have dropped to levels not seen in decades, marking an historic educational setback that observers have blamed largely on classroom shutdowns during the Covid-19 pandemic.

The latest National Assessment of Educational Progress (NAEP), released on Thursday, showed that reading scores dropped the most since 1990, and math scores fell for the first time in the five-decade history of the study. The declines between 2020 and 2022 wiped out decades of progress in math and reading proficiency.

The report, also known as the
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marks the first national assessment comparing test results before the pandemic with current performance. It’s based on tests taken by 9-year-olds in early 2022 and early 2020 – just before most of America’s schools were shut due to Covid-19.

Children were deprived of in-person learning for more than a year in some cities. New York City schools, for instance, weren’t
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until 18 months after their first Covid-19 lockdown. In Los Angeles, parents sued the teachers union and schools for “holding children hostage” to their political agenda. Among other demands, the union insisted that police be defunded and new wealth taxes be imposed before they returned to classrooms.


“Actual science didn’t support school closures,” said US Representative
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, a Pennsylvania Republican. “Democrats were too busy following political science to care. We lost decades of gains in reading and math scores as a result.”

However, the school closings weren’t the only cause of declines in test scores, said
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, commissioner of the National Center for Education Statistics. “Our own data reveal the pandemic’s toll on education in other ways, including increases in students seeking mental health services, absenteeism, school violence and disruption, cyberbullying, and nationwide teacher and staff shortages.”

Children who were already struggling with reading and math suffered the biggest setbacks in proficiency. While the average reading score fell by five points from 2020’s level, the decline was twice as severe for students at the 10th percentile, meaning those who performed worse than 90% of the class. The same trend was evident in math scores, with the overall average falling seven points and the 10th percentile dropping 12 points.


:D:D:D
 

Strangelove

Colonel
Registered Member
Yes he is... :cool:


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I am certainly not one to dare assume to know what goes on in the mind of the God I believe in, and consider it a bit arrogant to go down that path. Nevertheless, at the risk of being labeled an old fool, it is a challenge for me to believe that the series of “plagues” that have befallen the United States of America of late are not part of some heavenly master plan.

From the
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and for 70 years thereafter, America “worked.” The triumph of democracy and freedom over fascism and national land grabs energized the American body politic to take responsibility and rebuild the world after the devastating losses in the war. The world was put back in order, nations devastated by battle were rebuilt (much of that through US programs like the Marshall Plan), while people felt secure enough to plan for careers, family, education and retirement.

America’s role as the world’s police officer, resentful as that made some nations feel (everyone remembers the term “ugly American”), kept the world in check. For sure there were devastating skirmishes (Korea, Vietnam, the Pol Pot regime in Cambodia, and Rwanda, to name a few), but a nuclear crisis never actually materialized, and the world overall was a relatively safe place.

Domestically, politicians in opposing parties actually reached across the aisle and compromised on what was best for the country; elections were generally not contested; and the experiment in democracy set out by the founders of the US in the late 18th century proved to be sustainable. Or so we all thought.

Why has America and its role as the world's police begun to fall apart?​

However, 77 years after the end of the war, it all seems to be falling apart. Why? What happened? For sure, US foreign policy changed beginning in the Obama years, when it started to move away from the country’s self-defined role as the world’s police officer. Yes, countries do alter their foreign policies without their cultures going downhill. Yet over these past 13 years, with the advent of the smartphone and the exponential rise of social networking, hardly a day goes by that we don’t see some catastrophic event or trend that does not augur well for the continued success of the world’s greatest democracy.

Some examples may help prove the point.

A US civil war between Republicans and Democrats​

Politically, whether people want to admit it or not, the
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, though for the moment, not one where both sides have taken up arms, one against the other (although that, too, could eventuate).

Nevertheless, a look at opinion polls on the 2020 election is enough to prove the point. For the population in general, 30% of the people polled do not believe President Biden won the 2020 election, while among Republicans, that number jumps to 70%. There has never been a time in modern history where such numbers were this high 18 months after the election itself, with the former president continuing to parrot the line that the election was stolen even in the face of overwhelming proof to the contrary.

Functionally, the legislative branch of government finds itself in a position where any proposal put forth by one party is not something that the other party will support. Even something as basic as the recent gun legislation passed in the House of Representatives saw just 14 Republican legislators voting with the Democrats. In most cases, reaching across the aisle to get legislation passed has been thrown into the dustbin of history, along with so many other traditions that enabled the legislature to function.

The US mass shooting crisis and gun ownership​

There have been over 300
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this year as of early July, the largest number by far of any country in the world. A 2015 Politifact article cited data from 2000 to 2014 trying to prove that mass shootings do indeed happen in other advanced countries. However, the article conceded that the US experienced 133 shootings during that five-year period, while the next-highest total was Germany with six. This year, the US is on track to see over 600. Why is the situation so bad only in the US? No other Western country has this kind of problem.

Along with the issue of mass shootings is the issue of
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. A Swiss-based worldwide small arms survey in 2018 showed that there are 120.5 small arms for every 100 people in the US, which is twice as large as the next country, Yemen, with 52.8. Even Israel, where people wrongly think that
Please, Log in or Register to view URLs content!
, does not make it into the list of the top 20 worldwide. And the number of privately owned weapons has only grown since then. There is, of course, the related issue of what type of weapons people own. One can easily question why individual citizens need to own high-powered assault rifles in the first place, yet those proliferate legally as well.

The catastrophic weather in the US​

Then there is the weather. On average, the US experiences fewer than 1,500 tornadoes a year. Through June, there have already been 940 reported tornadoes there, which means the country is on track to see 2,000 or more, a 33% increase year-on-year.

The nightly news out of the US for the past few months shows tens of millions of people under extreme weather risk every day, often in three different areas of the country simultaneously (upper Midwest, East coast and the Southeast region). In the west, a long period of drought has been drying up reservoirs and spawning massive forest fires. National Interagency Fire Center (NIFC) statistics show that as of July 5, 34,478 fires have already burned 4,582,301 acres. This is above the 10-year average of 27,346 fires, and twice the average of 2,026,917 acres burned. The odd thing is that very little of this occurs just north of the US in Canada, or just south in Mexico. It all seems to be centered in the US.

American homeless crisis​

Add to this the homeless situation, where in California alone there are more than 161,000 homeless, according to the US Interagency Council on Homelessness. Right behind California is New York, with 91,000 homeless, a large percentage of whom are, in fact, sleeping on the street.

No other Western country has the number of street people at that level. In Los Angeles, seemingly every underpass is chock full of homeless tents, which can be seen on the coastal beaches as well during the warmer weather. And the US domestic airline system is so broken right now that the odds of getting anywhere on time and with one’s luggage are low. Moreover, I have not even mentioned corona, which is still with us as well.

Why? Why this bad and why (except for corona) only in the US?​

If one accepts the religious concept that whatever happens in the world is part of God’s plan for the world (and not everyone accepts that, to be sure), it is possible to postulate that God had a plan for the United States of America. After all, it was Abraham Lincoln who opined in 1865 that America was the “almost chosen people,” placing the issue of faith and the existence of a heavenly plan for the US squarely in the culture of post-civil war America.

If one does accept the God construct, then for the 70 years after World War II America continued to carry out His plan, creating an order in the world that had never existed before – and life was good.

However, there has never been a time in post-civil war history as now where the US has been so broken, where so many things seem to be going wrong simultaneously, and where the political leadership seems powerless to deal with all of it.

It is almost as if God is now expressing displeasure with his servant, the US, in the course it has taken.

The hope, of course, is that at some point the political leadership will get its act together and find a way to address the myriad of problems that the country is presently facing. However, if one accepts that this is perhaps a manifestation of God’s disappointment with the USA, perhaps the nation should turn to God and pray for a return to normalcy.
 

nugroho

Junior Member
Yes he is... :cool:


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I am certainly not one to dare assume to know what goes on in the mind of the God I believe in, and consider it a bit arrogant to go down that path. Nevertheless, at the risk of being labeled an old fool, it is a challenge for me to believe that the series of “plagues” that have befallen the United States of America of late are not part of some heavenly master plan.

From the
Please, Log in or Register to view URLs content!
and for 70 years thereafter, America “worked.” The triumph of democracy and freedom over fascism and national land grabs energized the American body politic to take responsibility and rebuild the world after the devastating losses in the war. The world was put back in order, nations devastated by battle were rebuilt (much of that through US programs like the Marshall Plan), while people felt secure enough to plan for careers, family, education and retirement.

America’s role as the world’s police officer, resentful as that made some nations feel (everyone remembers the term “ugly American”), kept the world in check. For sure there were devastating skirmishes (Korea, Vietnam, the Pol Pot regime in Cambodia, and Rwanda, to name a few), but a nuclear crisis never actually materialized, and the world overall was a relatively safe place.

Domestically, politicians in opposing parties actually reached across the aisle and compromised on what was best for the country; elections were generally not contested; and the experiment in democracy set out by the founders of the US in the late 18th century proved to be sustainable. Or so we all thought.

Why has America and its role as the world's police begun to fall apart?​

However, 77 years after the end of the war, it all seems to be falling apart. Why? What happened? For sure, US foreign policy changed beginning in the Obama years, when it started to move away from the country’s self-defined role as the world’s police officer. Yes, countries do alter their foreign policies without their cultures going downhill. Yet over these past 13 years, with the advent of the smartphone and the exponential rise of social networking, hardly a day goes by that we don’t see some catastrophic event or trend that does not augur well for the continued success of the world’s greatest democracy.

Some examples may help prove the point.

A US civil war between Republicans and Democrats​

Politically, whether people want to admit it or not, the
Please, Log in or Register to view URLs content!
, though for the moment, not one where both sides have taken up arms, one against the other (although that, too, could eventuate).

Nevertheless, a look at opinion polls on the 2020 election is enough to prove the point. For the population in general, 30% of the people polled do not believe President Biden won the 2020 election, while among Republicans, that number jumps to 70%. There has never been a time in modern history where such numbers were this high 18 months after the election itself, with the former president continuing to parrot the line that the election was stolen even in the face of overwhelming proof to the contrary.

Functionally, the legislative branch of government finds itself in a position where any proposal put forth by one party is not something that the other party will support. Even something as basic as the recent gun legislation passed in the House of Representatives saw just 14 Republican legislators voting with the Democrats. In most cases, reaching across the aisle to get legislation passed has been thrown into the dustbin of history, along with so many other traditions that enabled the legislature to function.

The US mass shooting crisis and gun ownership​

There have been over 300
Please, Log in or Register to view URLs content!
this year as of early July, the largest number by far of any country in the world. A 2015 Politifact article cited data from 2000 to 2014 trying to prove that mass shootings do indeed happen in other advanced countries. However, the article conceded that the US experienced 133 shootings during that five-year period, while the next-highest total was Germany with six. This year, the US is on track to see over 600. Why is the situation so bad only in the US? No other Western country has this kind of problem.

Along with the issue of mass shootings is the issue of
Please, Log in or Register to view URLs content!
. A Swiss-based worldwide small arms survey in 2018 showed that there are 120.5 small arms for every 100 people in the US, which is twice as large as the next country, Yemen, with 52.8. Even Israel, where people wrongly think that
Please, Log in or Register to view URLs content!
, does not make it into the list of the top 20 worldwide. And the number of privately owned weapons has only grown since then. There is, of course, the related issue of what type of weapons people own. One can easily question why individual citizens need to own high-powered assault rifles in the first place, yet those proliferate legally as well.

The catastrophic weather in the US​

Then there is the weather. On average, the US experiences fewer than 1,500 tornadoes a year. Through June, there have already been 940 reported tornadoes there, which means the country is on track to see 2,000 or more, a 33% increase year-on-year.

The nightly news out of the US for the past few months shows tens of millions of people under extreme weather risk every day, often in three different areas of the country simultaneously (upper Midwest, East coast and the Southeast region). In the west, a long period of drought has been drying up reservoirs and spawning massive forest fires. National Interagency Fire Center (NIFC) statistics show that as of July 5, 34,478 fires have already burned 4,582,301 acres. This is above the 10-year average of 27,346 fires, and twice the average of 2,026,917 acres burned. The odd thing is that very little of this occurs just north of the US in Canada, or just south in Mexico. It all seems to be centered in the US.

American homeless crisis​

Add to this the homeless situation, where in California alone there are more than 161,000 homeless, according to the US Interagency Council on Homelessness. Right behind California is New York, with 91,000 homeless, a large percentage of whom are, in fact, sleeping on the street.

No other Western country has the number of street people at that level. In Los Angeles, seemingly every underpass is chock full of homeless tents, which can be seen on the coastal beaches as well during the warmer weather. And the US domestic airline system is so broken right now that the odds of getting anywhere on time and with one’s luggage are low. Moreover, I have not even mentioned corona, which is still with us as well.

Why? Why this bad and why (except for corona) only in the US?​

If one accepts the religious concept that whatever happens in the world is part of God’s plan for the world (and not everyone accepts that, to be sure), it is possible to postulate that God had a plan for the United States of America. After all, it was Abraham Lincoln who opined in 1865 that America was the “almost chosen people,” placing the issue of faith and the existence of a heavenly plan for the US squarely in the culture of post-civil war America.

If one does accept the God construct, then for the 70 years after World War II America continued to carry out His plan, creating an order in the world that had never existed before – and life was good.

However, there has never been a time in post-civil war history as now where the US has been so broken, where so many things seem to be going wrong simultaneously, and where the political leadership seems powerless to deal with all of it.

It is almost as if God is now expressing displeasure with his servant, the US, in the course it has taken.

The hope, of course, is that at some point the political leadership will get its act together and find a way to address the myriad of problems that the country is presently facing. However, if one accepts that this is perhaps a manifestation of God’s disappointment with the USA, perhaps the nation should turn to God and pray for a return to normalcy.
In China is called " losing heaven mandate ", pretty same isn't it ?
 

reservior dogs

Junior Member
Registered Member
Yes he is... :cool:


Please, Log in or Register to view URLs content!

I am certainly not one to dare assume to know what goes on in the mind of the God I believe in, and consider it a bit arrogant to go down that path. Nevertheless, at the risk of being labeled an old fool, it is a challenge for me to believe that the series of “plagues” that have befallen the United States of America of late are not part of some heavenly master plan.

From the
Please, Log in or Register to view URLs content!
and for 70 years thereafter, America “worked.” The triumph of democracy and freedom over fascism and national land grabs energized the American body politic to take responsibility and rebuild the world after the devastating losses in the war. The world was put back in order, nations devastated by battle were rebuilt (much of that through US programs like the Marshall Plan), while people felt secure enough to plan for careers, family, education and retirement.

America’s role as the world’s police officer, resentful as that made some nations feel (everyone remembers the term “ugly American”), kept the world in check. For sure there were devastating skirmishes (Korea, Vietnam, the Pol Pot regime in Cambodia, and Rwanda, to name a few), but a nuclear crisis never actually materialized, and the world overall was a relatively safe place.

Domestically, politicians in opposing parties actually reached across the aisle and compromised on what was best for the country; elections were generally not contested; and the experiment in democracy set out by the founders of the US in the late 18th century proved to be sustainable. Or so we all thought.

Why has America and its role as the world's police begun to fall apart?​

However, 77 years after the end of the war, it all seems to be falling apart. Why? What happened? For sure, US foreign policy changed beginning in the Obama years, when it started to move away from the country’s self-defined role as the world’s police officer. Yes, countries do alter their foreign policies without their cultures going downhill. Yet over these past 13 years, with the advent of the smartphone and the exponential rise of social networking, hardly a day goes by that we don’t see some catastrophic event or trend that does not augur well for the continued success of the world’s greatest democracy.

Some examples may help prove the point.

A US civil war between Republicans and Democrats​

Politically, whether people want to admit it or not, the
Please, Log in or Register to view URLs content!
, though for the moment, not one where both sides have taken up arms, one against the other (although that, too, could eventuate).

Nevertheless, a look at opinion polls on the 2020 election is enough to prove the point. For the population in general, 30% of the people polled do not believe President Biden won the 2020 election, while among Republicans, that number jumps to 70%. There has never been a time in modern history where such numbers were this high 18 months after the election itself, with the former president continuing to parrot the line that the election was stolen even in the face of overwhelming proof to the contrary.

Functionally, the legislative branch of government finds itself in a position where any proposal put forth by one party is not something that the other party will support. Even something as basic as the recent gun legislation passed in the House of Representatives saw just 14 Republican legislators voting with the Democrats. In most cases, reaching across the aisle to get legislation passed has been thrown into the dustbin of history, along with so many other traditions that enabled the legislature to function.

The US mass shooting crisis and gun ownership​

There have been over 300
Please, Log in or Register to view URLs content!
this year as of early July, the largest number by far of any country in the world. A 2015 Politifact article cited data from 2000 to 2014 trying to prove that mass shootings do indeed happen in other advanced countries. However, the article conceded that the US experienced 133 shootings during that five-year period, while the next-highest total was Germany with six. This year, the US is on track to see over 600. Why is the situation so bad only in the US? No other Western country has this kind of problem.

Along with the issue of mass shootings is the issue of
Please, Log in or Register to view URLs content!
. A Swiss-based worldwide small arms survey in 2018 showed that there are 120.5 small arms for every 100 people in the US, which is twice as large as the next country, Yemen, with 52.8. Even Israel, where people wrongly think that
Please, Log in or Register to view URLs content!
, does not make it into the list of the top 20 worldwide. And the number of privately owned weapons has only grown since then. There is, of course, the related issue of what type of weapons people own. One can easily question why individual citizens need to own high-powered assault rifles in the first place, yet those proliferate legally as well.

The catastrophic weather in the US​

Then there is the weather. On average, the US experiences fewer than 1,500 tornadoes a year. Through June, there have already been 940 reported tornadoes there, which means the country is on track to see 2,000 or more, a 33% increase year-on-year.

The nightly news out of the US for the past few months shows tens of millions of people under extreme weather risk every day, often in three different areas of the country simultaneously (upper Midwest, East coast and the Southeast region). In the west, a long period of drought has been drying up reservoirs and spawning massive forest fires. National Interagency Fire Center (NIFC) statistics show that as of July 5, 34,478 fires have already burned 4,582,301 acres. This is above the 10-year average of 27,346 fires, and twice the average of 2,026,917 acres burned. The odd thing is that very little of this occurs just north of the US in Canada, or just south in Mexico. It all seems to be centered in the US.

American homeless crisis​

Add to this the homeless situation, where in California alone there are more than 161,000 homeless, according to the US Interagency Council on Homelessness. Right behind California is New York, with 91,000 homeless, a large percentage of whom are, in fact, sleeping on the street.

No other Western country has the number of street people at that level. In Los Angeles, seemingly every underpass is chock full of homeless tents, which can be seen on the coastal beaches as well during the warmer weather. And the US domestic airline system is so broken right now that the odds of getting anywhere on time and with one’s luggage are low. Moreover, I have not even mentioned corona, which is still with us as well.

Why? Why this bad and why (except for corona) only in the US?​

If one accepts the religious concept that whatever happens in the world is part of God’s plan for the world (and not everyone accepts that, to be sure), it is possible to postulate that God had a plan for the United States of America. After all, it was Abraham Lincoln who opined in 1865 that America was the “almost chosen people,” placing the issue of faith and the existence of a heavenly plan for the US squarely in the culture of post-civil war America.

If one does accept the God construct, then for the 70 years after World War II America continued to carry out His plan, creating an order in the world that had never existed before – and life was good.

However, there has never been a time in post-civil war history as now where the US has been so broken, where so many things seem to be going wrong simultaneously, and where the political leadership seems powerless to deal with all of it.

It is almost as if God is now expressing displeasure with his servant, the US, in the course it has taken.

The hope, of course, is that at some point the political leadership will get its act together and find a way to address the myriad of problems that the country is presently facing. However, if one accepts that this is perhaps a manifestation of God’s disappointment with the USA, perhaps the nation should turn to God and pray for a return to normalcy.
Raymond Dalio chronicled three empires before the U.S. that went down the same way, the Spanish, the Dutch and the British. Their population spends beyond their means and the country prints/devaluates its currency. Eventually, with a upstart that challenges them, they sank under their own weight. History is full of countries that once rule their part of the world and eventually faded. In most of these cases, the cause of the decline is mostly internal. Something about the human condition such that when we get on top of the world, with no other powers to fight, we decay. The world has seen this movie before, many times. It has nothing to do with God.
 

ansy1968

Brigadier
Registered Member
Despite a $52 billion subsidy in the CHIPS Act, Intel's share price seems to be melting down. It has dropped by half since April 2021.
wait until the money was given then you will see it rise sharply as Intel buy back its shares...lol The way I see Major American conglomerates operates that they will borrow huge loan to build FAB or other investments and they will pocket the gov't subsidies to inflate its value, so in paper they look good and profitable BUT in essence is swimming in a pile of debt. When the downturn came THEY ARE TO BIG TO FAIL and the gov't step in to bailed them out. So this is what they were taught in Harvard Business school....lol The gov't invisible hand should not be this obvious...lol
 

Strangelove

Colonel
Registered Member
California functioning well.... kids can get private tuition this way.


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Housing is so expensive in California that a school district is asking students' families to let teachers move in with them​


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Sep 1, 2022, 3:20 AM

Aerial View of Golden Gate Bridge.


  • California's housing market is one of the most expensive in the country.
  • In the city of Milpitas, many teachers cannot afford to live in the area.
  • The city's school district has a plan — ask students' families to house educators.
 
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