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Federal Reserve Chair Jerome H. Powell: Building on the Gains from the Long Expansion: Spreading the Benefits of Employment
First, as this expansion continues into its 11th year — the longest in U.S. history — economic conditions are generally good. Second, the benefits of the long expansion are only now reaching many communities, and there is plenty of room to build on the impressive gains achieved so far. Fortunately, the outlook for further progress is good: Forecasters are generally predicting continued growth, a strong job market, and inflation near 2 percent. I will begin by discussing the Fed's policy actions over the past year to support the favorable outlook. Then I will turn to two important opportunities for further gains from this expansion: maintaining a stable and reliable pace of 2 percent inflation and spreading the benefits of employment more widely. more »
New Mexico: A Sense That You Have Landed Not in Another State But in Another Country
Sonya Zalubowski writes: The first thing that hits you after landing in New Mexico is the vastness of the blue sky, a panorama that surrounds you amid the state’s rough high desert and mountainous landscape. Perhaps that sky with all its limitlessness, including the unrealized possibility of finding more of the gold they found in Mexico, is what first attracted the Spanish to settle this area. Their influence dating all the way to the 16th century plus the large indigenous native American presence color the area’s flavor to this day. more »
Jo Freeman Reviews - The Book of Gutsy Women by Hillary Rodham Clinton and Chelsea Clinton
In the 1980s and 1990s, when I read women’s history on my own, I realized that there were important and prominent women in every decade, but they disappeared when the history books were written. Women were like sand castles; men were like rocks. The waters of time washed over both and wiped out the women. The Clintons — mother and daughter — are helping to remedy that. By telling the stories of 103 Gutsy women, they want to raise the sand from the beaches and fuse the particles into solid quartz. more »
What Were We Thinking? Mink Stoles, Kid Leather Hats, Frilly Petticoats, Frocks, Tchotchkes, Fine China for “Company”
Rose Madeline Mula writes: I wore frilly, voluminous petticoats that propped up impossibly full dresses. Yes, these may have been ridiculous — but I think far preferable to today’s skirts and dresses that are stretched so tightly across tummies and tushies that they produce a series of unsightly horizontal wrinkles that have somehow become an accepted fashion statement instead of an abomination to be banished by a steam iron. And it’s amazing how women manage to sit while their torsos are bound in those impossibly tight, short frocks. (“Frocks.” Now that’s a word that really dates me.) more »