(Roughly) Daily

Posts Tagged ‘John Herschel

“Every man is a king so long as he has someone to look down on”*…

A German American Bund march on 86th Street in New York, 1939

In 1939, 20,000 Americans rallied in New York’s Madison Square Garden to celebrate the rise of Nazism – an event largely forgotten from American history. Marshall Curry‘s A NIGHT AT THE GARDEN, made entirely from archival footage filmed that night, transports audiences to this chilling gathering and shines a light on the power of demagoguery and anti-Semitism in the United States…

Visit the web site for background and follow-on links: “A Night at the Garden,” from @marshallcurry via the invaluable @Matt_Muir and his Web Curios.

* Sinclair Lewis, It Can’t Happen Here

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As we face history, we might recall that it was on this date in 1835 that the New York Sun began a series of six articles detailing the discovery of civilized life on the moon; circulation soared.  Now known as “The Great Moon Hoax,” the articles attributed the “discovery” to Sir John Herschel, the greatest living astronomer of the day.  Herschel was initially amused, wryly noting that his own real observations could never be as exciting.  But ultimately he tired of having to answer questioners who believed the story.  The series was not discovered to be a hoax for several weeks after its publication and, even then, while the paper did admit (on September 16, 1835) that the whole thing was a “satire,” it never issued a retraction (and didn’t suffer a drop in sales).

The “ruby amphitheater” on the Moon, per the New York Sun (source)

Written by (Roughly) Daily

August 25, 2022 at 1:00 am

And that’s the way it is…

source

Arguments rage as to how the U.S. sailed into the economic eddy in which we’re caught, and as to how we should navigate out.  (Your correspondent’s thoughts, FWIW, are littered among the postings in his other blog.)  But the situation is what it is…  a situation that the folks at ProPublica have profiled, current as to data available this month.

Some selections:

– Annual rate at which the GDP grew this year: 1.3 percent between April and June, 0.4 percent between January and March
– Average annual GDP growth from 1998-2007: 3.02 percent
– Total jobs lost since January 2008: 8.7 million
– Total jobs recovered since January 2008: 1.8 million
– Unemployment rate in July 2011: 9.1 percent
– The “natural unemployment rate”: 5 percent
– Months that the unemployment rate has been around 9 percent or more: 28
– Number of unemployed people in July 2011: 13.9 million
– Number of long-term unemployed people in June 2011: 6.3 million, or 44.4 percent of the unemployed
– Number of long-term unemployed people in July 2011: 6.2 million, still about 44.4 percent of the unemployed
– Years it will take to get back to an unemployment rate of 5 percent: four years if we’re adding jobs at 350,000 per month; 11 years if we’re adding jobs at the 2005 rate of 210,000 per month

More at ProPublica… In an economy the fundamental premise of which is consumption, and in which employment gains demand a GDP growth rate of over 2%, it’s a sobering picture.

As we contemplating re-stuffing our mattresses, we might recall that it was on this date in 1835 that the New York Sun began a series of six articles detailing the discovery of civilized life on the moon.  Now known as “The Great Moon Hoax,” the articles attributed the “discovery” to Sir John Herschel, the greatest living astronmer of the day.  Herschel was initially amused, wryly noting that his own real observations could never be as exciting.  But ultimately he tired of having to answer questioners who believed the story.  The series was not discovered to be a hoax for several weeks after its publication and, even then, the newspaper did not issue a retraction.

The “ruby amphitheater” on the Moon, per the New York Sun (source)

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