By Lambert Strether of Corrente.
Readers, this being Naked Capitalism’s holiday week, I’m posting a Water Cooler with a few conversation starters and nothing else. Normal posting will resume on Monday, September 10. Talk amongst yourselves! –lambert
A little class warfare:
The best thing about the report was the bump in wage growth, to 2.9% Y-Y. We flirted with 2.8% at times last year but this is now the best performance of average hourly earnings since the crisis, though still below the pre-crisis growth pace. pic.twitter.com/gvJ8jU9qq9
— Ernie Tedeschi (@ernietedeschi) September 7, 2018
French economist Thomas Piketty said the "most striking" finding regarding America is that, since 1980, "the rise of national income going to the top 1% mirrors the fall of the bottom 50%" The income share for the bottom 50% plunged from 20% to 12%https://t.co/CFNBDsghxe pic.twitter.com/aldYGUe8WA
— Steven Greenhouse (@greenhousenyt) September 7, 2018
The Bezzle (1): A self-licking ice-cream cone:
A billionaire pharmaceuticals executive who has been blamed for spurring the US opioid crisis stands to profit from the epidemic after he patented a new treatment for drug addicts – @FT sccop by @bydavidcrow https://t.co/p9csOSGORO
— Tony Tassell (@TonyTassell) September 7, 2018
The Bezzle (2):
— Justin (@Trumpery45) May 10, 2018
My understanding is that Tesla manufactures many parts that other manufacturers outsource. So it’s understandable that spare parts would be hard to get if Musk does’t want to carry inventory (except in the form of cars that failed QA on the back lot).
And some controversy:
“A brief history of singular ‘they’” [Oxford English Dictionary]. “People who want to be inclusive, or respectful of other people’s preferences, use singular they. And people who don’t want to be inclusive, or who don’t respect other people’s pronoun choices, use singular they as well. Even people who object to singular they as a grammatical error use it themselves when they’re not looking, a sure sign that anyone who objects to singular they is, if not a fool or an idiot, at least hopelessly out of date.” Checking out those commas….
Readers, feel free to contact me at lambert [UNDERSCORE] strether [DOT] corrente [AT] yahoo [DOT] com, with (a) links, and even better (b) sources I should curate regularly, (c) how to send me a check if you are allergic to PayPal, and (d) to find out how to send me images of plants. Vegetables are fine! Fungi are deemed to be honorary plants! If you want your handle to appear as a credit, please place it at the start of your mail in parentheses: (thus). Otherwise, I will anonymize by using your initials. See the previous Water Cooler (with plant) here. Today’s plant (via):
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