U.S. Being Subsidized by Asia

Two posts caught my eye:

• James Fallows at Atlantic on a follow-up post on Chinese education--an excerpt from a reader's comments:

First, the US college system is now deeply dependent on the sky-high tuition that international students pay; here at Purdue, it's often said that the international students are essentially subsidizing the in-state tuition for Indiana students. Many schools are massively dependent on international student dollars, and Chinese student dollars particularly -- which means we're massively exposed to fluctuations in the Chinese economy.

• The NYTimes reports that because of cuts in the National Parks Service budget, they're doing an appeal for contributions to the Korean War Memorial on the Mall, an appeal so far answered only by Korean businesses. 

Folks, this is pitiful.  I blame our politicians and ourselves: we need higher taxes to fund education and parks.

The Stakes of the 2016 Elections

Discussing last night's debate generated these thoughts:

• if a Republican wins the Presidency, the odds are high that Republicans will continue to control the House and Senate.
• since every day the 9 on the Supreme Court get closer to the grave, it's likely there will be some vacancies on the Court during the term, possibly Scalia, Ginsburg, and Breyer, depending on factors. Assume a Republican president, the replacement(s) are likely to be to the right of the 3 (possibly not to the right of Scalia but certainly to the right of Ginsburg and Breyer).  That would move the court rightward and would mean one-party control of all three branches of government.
• we'd see a test of the theory that united government can make big and enduring changes.

• if a Democrat wins the Presidency, the odds are high that Republicans will continue to control the House, maybe the Senate.  
• replacements on the Supreme Court would, I guess, be more moderate than the departed justice. The Senate is likely to be more closely divided than when Kagan and Sotomayor were nominated and possibly more partisan.  So if all 3 of my possibilities leave, the court might move slightly left, with the swing justice becoming one of the newbies. 
• we'd see a test of whether a change of personnel, the President, could change the political climate in Washington.

Either way, the politics of the 2017-21 period will be interesting.

I'm comfortable in predicting that the changes won't turn out to be as drastic or harmful to the country as the partisans would predict.  On the other hand, I'm voting Dem.  :-)

TPP and Agriculture

I suppose if I got into Twitter, I could tweet this link, but I haven't, yet.

Vox has a good piece on the impacts of the TPP (the Pacific trade pact) on segments of agriculture.  Soybean farmers win big, some reductions in trade barriers (Japanese rice, Canadian dairy), etc.

Good News: Entrepreneurs and Race

From Fortune:

The number of businesses owned by African American women grew 322% since 1997, making black females the fastest growing group of entrepreneurs in the U.S.
Overall, the number of women-owned businesses grew by 74% between 1997 and 2015—a rate that’s 1.5 times the national average, according to the recently published “2015 State of Women-Owned Businesses Report” commissioned by American Express Open. Women now own 30% of all businesses in the U.S., accounting for some 9.4 million firms. And African American women control 14% of these companies, or an estimated 1.3 million businesses. That figure is larger than the total number of firms owned by all minority women in 1997, the report found.

It surprises me, because it's easy to slip into the idea that black people seek secure jobs and aren't risk-takers.  It shouldn't surprise me, because I know several of the black women with whom I've worked have had the ability to be entrepreneurs. I don't know whether in retirement they've taken that direction, or maybe their daughters have. 

Why College Costs Are High?

From a Conor Friedersdorf piece on Yale:

These are young people who live in safe, heated buildings with two Steinway grand pianos, an indoor basketball court, a courtyard with hammocks and picnic tables, a computer lab, a dance studio, a gym, a movie theater, a film editing lab, billiard tables, an art gallery, and four music practice rooms.

When I went to college, while freshman dorm was heated and safe, its only frill was a lounge room with a TV.  And we had to walk uphill to reach classes, and uphill to reach the dorm.  

Number of Tractors: 1920 US Versus 2000 Africa

The World Bank has a post on agriculture in sub-Saharan Africa.  Now I'm going by memory, which is that Prof. Pollan in Omnivore's Dilemma wrote that the US had 254 tractors on farms in 1920.  I doubted that, and found the Census report 254,000 tractors (Pollan had missed the unit of measure in the table).  So that figure sticks in my mind, although given my advancing age it should be taken with a grain of salt. 

But that's the context in which I read this:

In Sub-Saharan Africa, the trend has been rather different. In 1961, the number of tractors in use was more than in both Asia and the Near East (at 172 000).  After that the number increased slowly to peak at 275 000 by 1990 before declining to 221 000 by 2000.

 In other words, sub-Africa had fewer tractors in 2000 than the US had in 1920.  Further, the population of Africa was about 600 million, while the population of the US was about 100 million.

National Black Farmers Assocation 25th Conference Agenda

Here's the agenda for the 2-day conference (today and tomorrow) of the NBFA.

When read with a political eye, it's interesting--lots of USDA speakers plus a rep from Clinton's campaign.

Vote on Appropriations or Head for the Hills

Apparently despite their brave talk about returning to "regular order", the thing the House Republicans don't want is to vote on appropriations bills. I'm sure Speaker Ryan is very surprised.

God's Plan for Interest Rates

Mea culpa.  When I skimmed the first mention of this, I thought: there's one of those crazy Republican congressmen again.

Wrong.  It's one of those crazy Democratic congressmen, earnestly telling Janet Yellen that God's plan is for interest rates to rise in the spring.

Erroneous Payments: Two Views

"If I were to tell you that the Social Security disability program was 99.88 percent accurate in issuing benefit amounts to recipients, you might think they were doing an outstanding job. But if I told you the program overpaid by $11 billion – while neglecting to mention how they clawed most of it back – you might dust off your pitchfork and join your local mob’s march to the nearest SSA satellite office."

From the Post 
(The news accounts didn't explain that the overpayments were over a number of years and didn't cite the total payments made.)