Money and Computing
Jo Freeman: There’s Plenty To Do at the RNC – If You Have the Right Credentials
by Jo Freeman
Every national nominating convention has plenty of auxiliary events, some authorized, some not. Getting space can be a challenge; getting the word out even more so. But they do it nonetheless. Press were given a RNC 2024 Master Event Calendar, which was updated a few days later. Events began on Sunday and ended on Thursday. The actual convention sessions were just one item on the list. The calendar said if an event was Open or Closed to press, and also whom to contact to register. I’m going to describe some of the events, including a couple I went to, and a couple I was turned away from.
Since my focus is on women, I obviously wanted to go to those events – if I could.
The National Federation of Republican Women is the largest grassroots Republican women's organization in the country with hundreds of clubs. Founded in 1938, its members made the phone calls and knocked on the doors that elected Republican candidates for decades. It’s Tuesday luncheon featured Arkansas Governor Sarah Sanders. The Master Calendar said it was SOLD OUT and they wouldn’t let me in. I was able to get into their lounge at the Fiserv Forum Wednesday evening, where I was repeatedly asked if I was a member, and if not, would I join. “I’m press,” I said. “I can’t join anything partisan.” I then said: “What brings you here?” On hearing that, finding anyone willing to chat with me was like pulling teeth.
Moms for Liberty met in a concert hall that afternoon. I had pre-registered, and I got in. From high in a balcony seat I listened to several people talk about the evils of transgenderism. It’s webpage says WE BELIEVE Power Belongs to the People. Sound Familiar? With a focus is on parental rights, it wants to “STOP WOKE indoctrination.”
Tuesday I went to “The New Mavericks” reception co-hosted by the Black Republican Mayors Association and the Georgia Republican Party. They honored Sen. Tim Scott, four Congressmen and two Georgia delegates – all male. There was only one mayor on stage, from Aurora, IL. The chair of the Georgia Republican Party was the one white man on the stage. At that event, women served; they didn’t speak. The RNC reported that 55 delegates to the 2024 convention are Black, up from 18 in 2016.
I missed the Independent Women’s Forum toast to “Women Who Make Our Country Great” because I went to Convention Fest: The Official Delegate Experience, which was held in the streets outside the Fiserve Forum and Baird Hall as well as some space inside Baird. To get to that one you not only needed a credential of some sort, but a USSS pass (which I have).
Concerned Women for America parked its pink bus across from the Baird Center the week before the RNC. No one was home. When Convention Fest opened on Tuesday afternoon, they set up a pink tent, from which its leaders preached to whomever passed by. It calls itself “the nation’s largest public policy women’s organization” but its focus is evangelical Christian. The slogan on the side of its pink bus captures this emphasis: “She Prays, She Votes.” A prayer precedes each sermon.
Ferida Wolff's Backyard, A Natural Path
Ferida Wolff Writes: "I find this activity so simple and calming that I like to do it often during the nice weather. And each season nature invites us to share in the changes, to see the variety that exists naturally. I hope that everyone has access to a calming place, a space to take a deep breath and let go of any worries... An awareness of the natural connection can beautifully enhance our lives." more »
Federal Reserve Notes: Gender Gaps in the Labor Market Widen Every Summer Contributing to Gender Disparities in Promotions and Pay
"Gender gaps in labor market activity are pervasive, longstanding, and a regular subject of policy debates. Relative to men, women tend to work fewer hours per week, more conventional hours, and fewer years over the course of their lives. These differences in the intensity and timing of work contribute to gender disparities in promotions and pay. But despite decades of research on this topic, little attention has been paid to the timing of work throughout the year. To motivate our inquiry, Figure 1 plots the monthly labor force participation rates of prime-age US women and men using non–seasonally adjusted data, with June, July, and August shaded gray. Summer after summer, women's labor force participation drops sharply while men's participation does not." more »
Rules Changes for 2023 Baseball; They May Relate to a Quicker, More Exciting Game. What's a Balk Again?
1) PITCH TIMER
• 15 seconds with bases empty; 20 seconds with runners on
• Hitter gets 1 timeout per plate appearance; must be in batter’s box with 8 seconds left
• Pitchers get two disengagements (pickoff attempts or step-offs) per batter; violations are a balk
• Limits on pickoff attempts led to 26% increase in stolen base attempts in Minors
• Pitch timer helped reduce game length by 25 minutes in Minors in ‘22 more »
Federal Reserve Testimony, Bank Oversight: Silicon Valley Bank (SVB).
"SVB failed because the bank's management did not effectively manage its interest rate and liquidity risk, and the bank then suffered a devastating and unexpected" run by its uninsured depositors in a period of less than 24 hours. SVB's failure demands a thorough review of what happened, including the Federal Reserve's oversight of the bank. To begin, SVB's failure is a textbook case of mismanagement. The bank had a concentrated business model, serving the technology and venture capital sector. It also grew exceedingly quickly, tripling in asset size between 2019 and 2022. During the early phase of the pandemic, and with the tech sector booming, SVB saw significant deposit growth. The bank invested the proceeds of these deposits in longer-term securities, to boost yield and increase its profits. However, the bank did not effectively manage the interest rate risk of those securities or develop effective interest rate risk measurement tools, models, and metrics. At the same time, the bank failed to manage the risks of its liabilities." more »
