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But a child born in poverty in America is more likely to face poverty in adulthood than in many Western countries. Recent research shows that's more likely to happen in Denmark, Germany, Australia, and the UK. Their finding: "Intergenerational poverty in the U.S. is four times stronger than in Denmark and Germany, and twice as strong as in Australia and the UK." Bocconi University, Rockwool Foundation and Stockholm UniversityThis table shows what the researchers call "intergenerational persistence of poverty" across five countries. So yes, you're more likely to experience the American Dream in many countries outside the US.
Persons: , Pedro Nicolaci da Costa Organizations: Service, Bocconi University, Rockwool Foundation, Stockholm University, Stockholm, Federal Reserve Bank of Chicago Locations: America, Denmark, Germany, Australia, U.S, American, Danish, Canada
[1/2] Tesla Model 3 vehicles are seen for sale at a Tesla facility in Fremont, California, U.S., May 23, 2023. REUTERS/Carlos Barria/File PhotoDETROIT, June 22 (Reuters) - As the auto industry scrambles to produce more affordable electric vehicles, whose most expensive components are the batteries, lithium iron phosphate is gaining traction as the EV battery material of choice. But technological advances have also reduced the performance gap with more widely used materials such as nickel and cobalt. Ford Motor (F.N) aims to open a $3.5 billion LFP cell manufacturing plant in western Michigan, leveraging technology licensed from China’s CATL (300750.SZ), the world’s largest EV battery maker. The rapidly increasing adoption of LFP by EV manufacturers including Tesla and Hyundai suggests those companies “are not ready to decouple from China," Meng said.
Persons: Carlos Barria, Tesla, , Stanley Whittingham, Mujeeb Ijaz, “ We’ve, China’s, Jim Farley, Shirley Meng, Meng, Lukasz Bednarski, Bednarski, LFP, Whittingham, , Paul Lienert, Matthew Lewis Organizations: Tesla, REUTERS, DETROIT, EV, Toyota, Hyundai, U.S, Binghamton University, Ford, University of Chicago, Argonne, Laboratory’s, Center for Energy Storage Science, New Energy, General Motors, Battery, Thomson Locations: Fremont , California, U.S, North America, New York, Michigan, Van Buren, China, United States, Norway, Israel, South Korea, EVs, Detroit
REUTERS/Eduardo Munoz/File PhotoWASHINGTON, June 22 (Reuters) - Former U.S. Representative Will Hurd, a moderate who was once the sole Black Republican in Congress, on Thursday joined the crowded race to beat Donald Trump for the party's 2024 presidential nomination. Painting a stark contrast to Trump, Hurd said his vision of America would acknowledge science, address mental health, and be inclusive and understanding. A former undercover CIA officer in the Middle East and South Asia, Hurd served on the House of Representatives Intelligence Committee. In 2019, he strongly criticized tweets by then-President Trump saying four progressive Democratic minority congresswomen, including one born in Somalia, should "go back" to where they came from. Since leaving Congress, Hurd has worked as a managing director at Allen & Company, a board member for OpenAI, and trustee of the German Marshall Fund, according to his website.
Persons: Will Hurd, Eduardo Munoz, Representative Will Hurd, Donald Trump, Hurd, Joe Biden, Trump, Tim Scott of, Ron DeSantis, Mike Pence, Nikki Haley, Chris Christie, Doina Chiacu, Nick Zieminski, Jonathan Oatis Organizations: Iowa Faith &, REUTERS, WASHINGTON, Former U.S, Representative, Black Republican, Thursday, Senate, CIA, of, Democratic, Republican, U.S, Florida, Allen & Company, German Marshall Fund, University of Chicago Institute of Politics, America, Federal, Thomson Locations: West Des Moines , Iowa, U.S, Former, East, South Asia, Texas, Somalia, Tim Scott of South Carolina, South Carolina, New Jersey
The cult of Emily Oster
  + stars: | 2023-06-22 | by ( Sarah Todd | ) www.businessinsider.com   time to read: +30 min
Emily Oster is sitting in the back of a car, checking her Garmin watch as we lurch through rush-hour traffic toward the Holland Tunnel. A self-described expert in data, Oster uses her economics training to dig into studies on things like circumcision and screen time and translate them for popular consumption. There doesn't seem to be much of a gap between the way Oster presents herself in her books and newsletters and the way she conducts her life. Unsurprisingly, economics informs every aspect of the way Oster sees the world. When Oster was a toddler, her mother told a Yale colleague that Oster often talked to herself before falling asleep.
Persons: Emily Oster, doesn't, Oster, Taylor Swift, Spock, , Mandy Moore, Emily DiDonato, Amy Schumer, " Oster, Emily, Aisha McAdams, Claudia Goldin, who's, Lori Feldman, " Feldman, Winter, It's, reopenings, Timothy Caulfield, Oster's Brown, OSTER, She's, Sheryl Sandberg's, Brown, Denis Tangney Jr, graham, Eminem, Sharon Oster, Ray Fair, Jesse Shapiro, Katherine Nelson, Carl, Choate Rosemary Hall, John F, Kennedy, Glenn Close, Ivanka Trump, Goldin, Steven Levitt —, Oster —, Paul Farmer, Steven Levitt, Oster's, Levitt, Robert Barro, demographer Monica Das Gupta, Joseph Delaney, she'd, I've, Matt Notowidigdo, Chicago Booth, hadn't, Udo Salters, Patrick McMullan, Shapiro, Jessica Calarco, Dr, Anthony Fauci, Donald Trump, Calarco, Rochelle Walensky, Delaney, University of Manitoba epidemiologist, Abigail Cartus, Justin Feldman, Delivette Castor, they're, COVID, Castor, Notowidigdo, Carter, you'd, she's, there's Organizations: Garmin, Brown University, New York Times, American Academy of Pediatrics, Yorker, Yale School of Management, Yale, Harvard, Connecticut, Choate, University of Chicago, Forbes, Wall, Publicly, University of Manitoba, Getty, Oster, Centers for Disease Control, Columbia University, Harvard Business School Locations: Holland, Montclair , New Jersey, Montclair, Harvard, Providence , Rhode Island, New Haven , Connecticut, China, Canada, Chicago, Ohio, New Jersey
Chicago's cycling community has exploded in recent years, and the city plans to add 150 more miles of lanes to accommodate this growth. The new, ambitious Chicago Cycling Strategy from the Chicago Department of Transportation, worth over $17 million, includes expanding Chicago's bike network by designing and implementing 150 miles of low-stress bikeways over the next several years. If you have friends that ride, ride together, if you have family members that are willing to ride, especially older ones, ride with them. Earlier in the pandemic, Chicago launched a program to give away 5,000 bikes to eligible Chicago residents by 2026. Green Corps participants have helped to assemble the bikes in the Bike Chicago program.
Persons: Jesus Barajas, Davis, CDOT, Gia Biagi, Kevin Womac, it's, It's, Biagi, Womac Organizations: Morning, University of California, Active Transportation Alliance, Chicago, Chicago Cycling, Chicago Department of Transportation, Bike Chicago, Green Corps, West Town Locations: Chicago, Milwaukee, Chicago's Black, bikeways, Belmont Cragin, North Lawndale, Chicago's Logan, Bridgeport
Donnell McLachlan, 29, who lives in Chicago, has been sharing the story of his deconstruction on TikTok @donnellwrites, where he has nearly 250,000 followers, since 2021. He was brought up in what he describes as a small Black church on the South Side of Chicago in the Pentecostal and Apostolic traditions. “I started to notice the distance between what we professed and what we actually did,” he told me, especially when it came to women, the L.G.B.T.Q. community and Black Lives Matter. And just like language, there are many interpretations and ways to express it.
Persons: Donnell McLachlan, , , McLachlan, ” McLachlan, ” Jill Fioravanti, Fioravanti “, Hillel Organizations: Southern Baptist Convention, Conservative Jewish Locations: , Chicago, Maryland
Ms. Musselwhite doesn’t know how much her monthly payments will be, but she’s thinking about where she might need to cut back — and her partner’s student loan payments will start coming due, too. Then it began to shrink, as those who continued loan payments were able to make progress while interest rates were set at zero. A greater share of Black families with children were eligible than white and Hispanic families, although their prepandemic monthly payments were smaller. (That reflects Black families’ lower incomes, not loan balances, which were higher; 53 percent of Black families were also not making payments before the pandemic.) Economists at the University of Chicago found that rather than paying down other debts, those eligible for the pause increased their leverage by 3 percent on average, or $1,200, compared with ineligible borrowers.
Persons: Musselwhite, Beamer Organizations: Institute, Federal Reserve, University of Chicago
Muscle memory: How does it work?
  + stars: | 2023-06-21 | by ( Melanie Radzicki Mcmanus | ) edition.cnn.com   time to read: +7 min
But while muscle memory is real, that’s not what is actually going on in your body. Understanding how both kinds of muscle memory work can help you get off to a strong start if you’re establishing a new fitness routine or rebooting one after a break. Physiological muscle memoryThe physiological side of muscle memory has to do with the ability to quickly regain lost muscle. This form of muscle memory occurs because when you first build muscle, your body adds new cells to those muscles. Science says another type of muscle memory is related to the regrowth of actual muscle tissue.
Persons: Brett Johnson, you’re, Johnson, ” Johnson, there’s, Christopher Malcolm, , Nick Mitchell, ” Mitchell, Jagdish Khubchandani, Khubchandani, “ Don’t, ” Khubchandani, Melanie Radzicki McManus Organizations: CNN, Inc, Science, CNN’s, New Mexico State University Locations: Chicago, Manchester, United Kingdom, Las Cruces
At least 22 people were hurt and one was killed in a Sunday mass shooting at a Juneteenth event. An unknown number of suspects opened fire in a strip mall parking lot in Willowbrook, Illinois. People had gathered to celebrate Juneteenth, a day that marks the end of slavery in the United States. It's unclear what led to the gunfire in a strip mall parking lot in Willowbrook, Illinois. The celebration began around 6 p.m. local time in a strip mall parking lot near Hinsdale Lake Terrace apartments, the DuPage County Sheriff's Office said in a news release, according to The New York Times and CNN.
Persons: , Joe Biden, Jacek Boczarski, Eric Swanson, J.B, Pritzker, I've Organizations: Service, The New York Times, Union Army, Anadolu Agency, Getty, DuPage County Sheriff's, CNN, Police, Illinois Locations: Willowbrook , Illinois, Chicago, The, United States, Texas, Galveston , Texas, Willowbrook, Hinsdale Lake Terrace, DuPage County
CNN —It’s a misnomer that heavy drinkers can “hold their liquor,” a new study found. The 397 participants included light drinkers, heavy social drinkers and those who had alcohol abuse disorder. “In their daily lives, this group averaged 38.7 drinks a week, compared to 2.5 drinks a week for light drinkers and about 20 drinks for heavy drinkers,” King said. Some tolerance was seenAt first, the study supported the notion that heavy drinkers can manage larger doses without impairment. Neither the heavy drinkers nor those with alcohol abuse disorder felt impaired when asked.
Persons: CNN —, , Nathan Didier, Andrea King, King, , ” King, ” Didier, ” Didler, Kevin Trimmer Organizations: CNN, University of Chicago, National Institute, Alcohol, Research, Chicago, Drinking, , Getty Locations: United States
At least one person was killed and 22 others wounded in a shooting just after midnight Sunday at a large Juneteenth celebration in a strip mall parking lot in Willowbrook, Ill., southwest of Chicago, officials said. Deputies from the DuPage County Sheriff’s Office heard gunfire around 12:30 a.m. and “responded to an area where a large gathering of people was happening,” said Eric Swanson, the deputy chief of the sheriff’s office, at a news conference on Sunday. He said that some victims took themselves to hospitals and others were transported by emergency medical workers. Chief Swanson said the motive behind the shooting was unclear. It was also not clear what types of firearms were used.
Persons: , , Eric Swanson, Swanson Organizations: DuPage County Sheriff’s Locations: Willowbrook, Ill, Chicago, DuPage County
CNN —At least 20 people were injured and one person has died in a shooting overnight, according to police, in what witnesses say was a Juneteenth celebration turned deadly. Some of the injured were transported to hospitals by ambulance and others walked in, DuPage County Deputy Sheriff Eric Swanson told reporters Sunday. Witnesses say the shooting took place around 12:30 a.m. in a parking lot in Willowbrook, about 21 miles west of Chicago. The motive behind the shooting is unclear and it is still an active investigation, Swanson said. The incident is now one of 310 mass shootings in the US this year, according to the Gun Violence Archive.
Persons: Eric Swanson, Joe Ostrander, Ostrander, Swanson Organizations: CNN, Tri -, Fire Protection, NBA Locations: DuPage County, Willowbrook, Chicago, Virginia, Colorado, California
OK, now wait, listen, when I hear the words “housing policy,” I tend to sort of doze off. And I’m talking, like, the most regressive, meaning, Texas, which is the conservative bastion of anti-taxes, is more progressive than Washington State, liberal Washington State. So over here in Illinois, which is the quintessential liberal state, there’s this one county that contains the city of Chicago. Blue states are the places where tens of thousands of homeless people are living on the streets. Blue states are the places where economic inequality is increasing most quickly in this country.
Persons: I’ve, they’ll, there’s, Binya Appelbaum, He’s, There’s, it’s, ” “, Binya, , , they’re, Don’t, — you’ve, Let’s, Bill Gates, Jeff Bezos, It’s, you’re, don’t, We’re Organizations: Republican, Times, Democratic Party, Republican Party, House Democrats, City Council, Palo Alto, Washington State, Democratic, Republicans Locations: U.S, America, California, San Diego County, Palo Alto, Calif, San Francisco, Palo, Washington State, Texas, Washington, Nevada, Illinois, Chicago, Cook County, Connecticut
The research sought to answer several questions about paternal participation in breastfeeding and the use of safe sleep practices for babies. And many could do more to support mothers who breastfeed, which can provide key health benefits for babies, the study indicated. The research also found racial disparities in sleep practices, with Black fathers less likely than White fathers to follow those practices. Overall, almost a third of the fathers involved in this survey did not receive enough or any advice about safe sleep practices, according to the study. Previous studies have suggested that fathers can play a key role in helping mothers breastfeed.
Persons: Craig Garfield, , ” Garfield, Garfield, , John James Parker, internist, White, ” Parker, Parker, breastfeed, “ We’ve, Jennifer Lansford, “ We’re, Lansford, ” Lansford, ” What’s Organizations: CNN, Pediatrics, Lurie Children’s Hospital of Chicago, Northwestern University’s Feinberg School of Medicine, US Centers for Disease Control, CDC, Northwestern, American Academy of Pediatrics, OB, Center for Child, Sanford School of Public, Duke University Locations: United States, Northwestern, Georgia, North Carolina, United
Instant Pot was a kitchen gadget darling, but it's now gone cold. Now, the parent company of Instant Pot is declaring bankruptcy to get its finances in order. Its parent company, Instant Brands, which also owns Pyrex and CorningWare, filed for Chapter 11 bankruptcy Monday to get its battered finances in order. The group ramped up hiring and pushed Instant Brands to come out with new gadgets, like air fryers and an air purifier (which flopped). Instant Brands, whose labels also include Corelle, Snapware, CorningWare, Visions and Chicago Cutlery, said it has received a commitment for new financing from its existing lenders.
Persons: it's, , Ben Gadbois Organizations: Service, Instant Brands, Cornell Capital, Corelle Brands, Brands, NPD Group, US, Court, Southern, Southern District of, Associated Press Locations: Southern District, Southern District of Texas, Chicago
CNN —The bones of teens and young adults who lost significant weight after bariatric surgery were weaker than those of youth with similar levels of obesity who did not have surgery, a new study found. Despite counseling, teens and young adults who did not undergo weight loss surgery continued to gain weight over those two years, the study found. However, it’s difficult to accurately study bone loss in adolescents and young adults. A study would need to follow teens who underwent surgery for at least 10 years to determine if the bone loss seen in the new study lasts, Inge said. “That’s why we insist that people undergoing weight loss surgery take their multivitamin with calcium and vitamin D every day, just like medicine.”
Persons: Miriam Bredella, , ” Bredella, Don’t, Thomas Inge, Robert H, Lurie, , Inge, they’re, Bredella, it’s, Justin Ryder, Ryder, Heike Faber, iStockphoto, haven’t, ” Ryder, ” Inge Organizations: CNN, Harvard Medical School, Massachusetts General Hospital, Ann, Lurie Children’s Hospital of Chicago, NASA, BMI, Northwestern University’s Feinberg School of Medicine, Locations: Massachusetts, Boston, Chicago
The Fed remains focused on the labor market and cooling wage growth while raising unemployment as the key to bringing hot services inflation down. "I shared with him [a regional Fed president] that they should stop, not pause," said another CFO on the call. "The consumer is being smart," the CFO said, but the Fed focus on bringing unemployment up can break the consumer. "I gave this message to him [a Fed president]: we can manage through this with unemployment below 4%." CFOs said the labor market remains tight and the wage gains, while slowing, have created a higher wage base which can't be turned back.
Persons: Jerome Powell, Drew Angerer, That's, Wall, Randy Kroszner, CFOs, Sara Eisen, Kroszner, it's Organizations: Federal Reserve, Federal, Market, Fed, CNBC, CNBC Fed Survey, Chatham House, Corporations, University of Chicago Booth School of Business Locations: Washington ,
Saieh Hall for Economics at the University of Chicago. Photo: Beata Zawrzel/Getty ImagesAhead of three months studying in Chicago, the home of Milton Friedman, I expected to be surrounded by anti-ESG, pro-capitalist supporters of the status quo in American finance. The University of Chicago has such a reputation as the bastion of free markets that the pure capitalism it espoused was dubbed “freshwater economics” for the lakeside location.
Persons: Saieh, Beata Zawrzel, Milton Friedman Organizations: for Economics, University of Chicago, The University of Chicago Locations: Chicago
Saieh Hall for Economics at the University of Chicago. Photo: Beata Zawrzel/Getty ImagesAhead of three months studying in Chicago, the home of Milton Friedman, I expected to be surrounded by anti-ESG, pro-capitalist supporters of the status quo in American finance. The University of Chicago has such a reputation as the bastion of free markets that the pure capitalism it espoused was dubbed “freshwater economics” for the lakeside location.
Persons: Saieh, Beata Zawrzel, Milton Friedman Organizations: for Economics, University of Chicago, The University of Chicago Locations: Chicago
The wealthy are spending hundreds of thousands of dollars on 30-minute performances from music artists. These private shows, like bar mitzvahs or birthdays, can draw in big names like Flo Rida and Drake. As artists make less money from their music, the idea of "selling out" is changing, New Yorker reports. To get Flo Rida at your private event however, it will run you between $150,000 and $300,000, with international shows extending that fee up to around $1 million, the New Yorker reported. A lawyer for Flo Rida confirmed to Insider that fee range was accurate and said his client "loves weddings, birthday parties and bar/bat mitzvahs."
Persons: Flo Rida, Drake, Flo Rida's, Flo, Beyonce, Rod Stewart, Steely Dan, Ryan Schinman, Ariana Grande —, Travis Scott Organizations: Morning, New Yorker, Billboard, Citigroup, McDonalds Locations: Miami, Lincolnshire, Chicago, New, Italy, Dubai, Sardinia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's possible the Fed will pause rate hikes this time around, professor saysRaghuram Rajan of the University of Chicago Booth says, however, that "the jury is still out" on how much more the U.S. Federal Reserve needs to do to manage inflation.
Persons: Raghuram Rajan, University of Chicago Booth Organizations: University of Chicago, U.S . Federal Reserve
High-speed particles spew out of the sun like water from a shower head, scientists reported on Wednesday. Data from the Parker Space Probe, a NASA spacecraft that launched in 2018 and is now swooping in to gather readings of the sun’s outer atmosphere, or corona, is providing clues about how the sun generates the solar wind — a million-miles-per-hour stream of electrons, protons and other charged particles rushing outward into the solar system. The solar wind research ties into a mystery that has long perplexed scientists: Why is the corona, where temperatures soar to millions of degrees, so much hotter than the surface of the sun, which is a relatively cool 10,000 degrees Fahrenheit? The Parker probe is named after Eugene N. Parker, a University of Chicago astrophysicist who first predicted the existence of the solar wind in 1958.
Persons: Parker, Eugene N Organizations: Parker, Probe, NASA, University of Chicago
The text in one post sharing the claim (here) reads, “A Single Exposure to Ultrasound Causes DNA Damage Similar to 250 Chest X-Rays” overlayed on an ultrasound image of a fetus. A URL printed across the fetus image leads to an article (here) that makes unfounded claims about the risk of fetal ultrasound, and cites a 1981 study for the “250 chest x-rays” figure. The 1981 study did not draw any such conclusion. In response to a request for comment, the author of the article Jeanice Barcelo said she stands by her claim about the 1981 study. A 1981 study of mouse cells in test tubes did not conclude that ultrasound caused DNA damage equivalent to that of hundreds of x-rays, and extensive research finds ultrasound to be safe for use during pregnancy.
Persons: RAY, , , Safwan, Ann, Robert H, Lurie, Ken Karipidis, Karipidis, Halabi, Jeanice Barcelo, Barcelo, Read Organizations: grays, Reuters, RAY Ultrasound, U.S . Food, Drug Administration, FDA, Lurie Children’s Hospital of Chicago, Chicago Institute for Fetal, Australian Radiation Protection, Nuclear Safety Agency, International Commission, American Institute of Ultrasound, International Society of Ultrasound, Gynecology, Health Organization Locations: mSv
James Beard Award 2023 winners announced
  + stars: | 2023-06-06 | by ( Marnie Hunter | Forrest Brown | ) edition.cnn.com   time to read: +12 min
The awards have been presented in the Windy City since 2015 and are set to remain there through 2027. Like last year, much of the 2023 show was focused on showcasing the new push for greater diversity. The James Beard Foundation has been mired in controversy over the past few years. The winner of the South category, Natalia Vallejo, is the first Puerto Rican native to win a James Beard Award. Here’s the full list of the 2023 James Beard Restaurant and Chef Awards nominees.
Persons: James Beard, Eric Adjepong, Esther Choi, Andrew Zimmern, Gail Simmons, , ” Simmons, Gregory Gourdet, Kann, ” Sherry Pocknett, Sly Fox, James, Ellen Yin, J.B . Pritzker, Chicago Mayor Brandon Johnson, foodie, James Beard’s, , Timothy Hontzas, Sam Fore, Mariah Carey, Monti Carlo, Natalia Vallejo, Rachel Miller, Nightshade Noodle, Lynn, Niki Nakayama, Erik Ramirez, NY Rob Rubba, Hajime Sato, Sozai, Celeste Noche, NY Don, Brandon Chrostowski, Greg Dulan, CA Aaron Hoskins, Sarah Simmons, Elie Yigo, Quynh Pham, WA Ellen Yin, Damarr Brown, Virtue, Rashida, LA Charlie Mitchell, Clover, NY Amanda Shulman, Angelo, Bakeshop, Zak, Baker, Baker Veronika Gerasimova, Elaine Uykimpang Bentz, Café Mochiko, Vince Bugtong, Margarita Manzke, CA Shawn McKenzie, Café, AL Lula Drake, Los Angeles , CA Spencer, Ann, Brownsville , TX Rob Roy, California Gilberto Cetina Jr, CA Kyle, Katina, Brandon Hayato Go, Hayato, Los Angeles , CA Justin Pichetrungsi, Carlos Salgado, Taco, Omar Anani, Saffron De, Diana Dávila, IL Tim Flores, Genie Kwon, IL Andy Hollyday, MI Sarah Welch, Marrow, Jesse Ito, Cantina La, Kate Lasky, Tomasz Skowronski, Michael Rafidi, Sanaa, Gregory León, Francesco Mangano, Osteria, Madison , WI Itaru Nagano, Andrew Kroeger, Madison , WI David Utterback, Salvador Alamilla, Amano, Caldwell, Michael Diaz de Leon, Suchada Johnson, WY Kris Komori, Ali Sabbah, Brooklyn , NY Mary Attea, Amanda Cohen, Dirt, Valentine Howell, Hunter, CT Sherry Pocknett, Renee Touponce, Joshua Dorcak, Vince Nguyen, Thomas Pisha, Gado, Beau Schooler, Bocca Al, AK Aaron Verzosa, KY Josh Habiger, TN Sam Hart, NC Terry Koval, Paul Smith, Ana Castro, Lengua, LA Timothy Hontzas, AL Henry Moso, Alex Perry, Kumi Omori, Cocina al, Oscar Amador, Kaoru Azeuchi, KAISEKI, Andrew Black, Jeff Chanchaleune, Ma Der, Justin Pioche, Texas Reyna, Painter, Houston , TX Emiliano Marentes, El Paso , TX John Russ, Clementine, San Antonio , TX Ernest Servantes, David Kirkland, Jim Embry, Valerie Horn, Savi ” Horne, Ira Wallace, Olivia Watkins, Karen Washington, Madur Jaffrey Organizations: Washington , D.C, Lyric Opera of, Illinois Gov, Chicago Mayor, Philadelphia, James Beard Foundation, James, New York Times, CNN, Foundation, WA Coracora, Sunday, of Culture, NY, Neng, EDWINS, Restaurant Institute, Hospitality, SC Yenvy, Street Hospitality, Mbaye, Dakar, WA Bottega, AL, SC, Beverages, Merchant, WA BEST, Sherman, Taco María, Selden, D.C, Madison , WI Itaru, Fairchild, Madison , WI, WY, New, New York State, NY Shaina Loew, Pacific, AK, TN, EDO, Food, Burnt Bean, Sustainable Communities Network, Cooperative Farming, Community Center, Southern, Sierra, Burgerville Workers Union, Black Farmer Fund Locations: Philadelphia, Haitian, Pacific, Washington ,, Lyric Opera of Chicago, livestream, Windy City, Boise , Idaho, Madison , Wisconsin, Oklahoma, Monson , Maine, Haiti, Charlestown , Rhode Island, Puerto Rican, Los Angeles, Brooklyn, NY, Washington, Clawson, MI, Seattle, West Hartford, Philadelphia ,, Lucia, Dallas ,, Cincinnati, Portland , Oregon, of Culture , New York, Mexican, Fort Worth , TX Kann, Portland, Milwaukee ,, Asheville , NC, Chicago, Houston , TX, Cleveland, Crenshaw, Columbia, WA, Rashida Holmes, Bridgetown Roti, Los Angeles ,, Dakar NOLA , New Orleans, LA, Clover Hill, New Orleans, Richardson ,, Kansas City ,, Miami, Billings, San Francisco ,, Café Cerés, Minneapolis, Cypress, Pullman, Birmingham, Quarry, Monson, IL, New York, Houston ,, Ann Arbor, Honolulu, Shawnee, KS, Las Vegas, Brownsville , TX, Healdsburg, Sherman Oaks, Costa Mesa ,, Lakes, Saffron De Twah, Detroit ,, Detroit, NJ, PA, , Philadelphia, Cantina La Martina, Apteka, Pittsburgh, Albi , Washington, Kalaya, MN, MO, Sioux Falls, Amilinda, Milwaukee, Osteria Papavero, Madison ,, Yoshitomo, Omaha, UT, WY, Salvador, BRUTØ, Denver, Teton, Teton Village, Boise, Salt Lake City, Sofreh, Brooklyn , NY, , New York, Hudson, Atomix , New York, NH, RI, Krasi, Boston, New Preston, Charlestown, Siu, Yunnan, The, MÄS, Ashland, Berlu, Gado Gado, Bocca Al Lupo, Juneau, Archipelago, KY, NC, TN, WV, Lexington, Bastion, Nashville, Charlotte, Decatur, Charleston, Lengua Madre , New Orleans, Homewood, Orlando, Springs, Cocina, Cocina al Fondo, San Juan, AZ, NM, Oklahoma City, Fruitland, Navajo Nation, Sandwich Hag, El Paso , TX, San Antonio ,, Seguin ,, City of Whitesburg
Opinion | What Economics and Hamlet Have in Common
  + stars: | 2023-06-05 | by ( Peter Coy | ) www.nytimes.com   time to read: +1 min
In high school I memorized a scene from “Hamlet” in which the gloomy prince tries to persuade his mother to leave the usurper king, the brother of Hamlet’s murdered father. “Assume a virtue, if you have it not,” Hamlet implores Gertrude. And a few lines later: “Refrain tonight, / And that shall lend a kind of easiness / To the next abstinence: the next more easy; / For use almost can change the stamp of nature.”The idea that “use almost can change the stamp of nature” is embedded in economics, although I didn’t appreciate it in high school. “Virtue is an acquired practice,” the Nobel economics laureate James Heckman, Bridget Galaty and Haihan Tian wrote in a working paper released last month by the Becker Friedman Institute at the University of Chicago. They added that this acquired practice “may eventually become the dominant preference of agents in the sense that it influences behaviors.”I’ll wager that’s exactly how Hamlet would have put it if he’d received graduate training in economics instead of kicking around a castle in Denmark.
Persons: Hamlet’s, , Gertrude, , James Heckman, Bridget Galaty, Haihan Tian, Becker Friedman, he’d Organizations: University of Chicago Locations: Denmark
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