America – Page 2

The U.S. Is Great Now, Leads Envious World

October 25, 2024 by Llewellyn King Leave a Comment

Don’t look if you don’t want to, but America is great now. Right now, this week, this day, this hour, this second.

Our economy is the envy of the world. Our mobility, socially and for work, is without equal. Our capacity to foster start-up business is without comparison. Our ability to lure the best talent and the most creative people around the world astounds our competitors.

We are a beacon for the best and smartest the world over.

Our technological abilities are formidable, from space travel to artificial intelligence. If the political class doesn’t fail it, America has a future that suggests wonders yet to come in creativity, in wealth creation, in standard of living, in better health, and in the overall human condition.

AI holds the promise of a new age for humanity, led by America, with greater productivity per worker and the elimination of much dead-end work.

The London-based, global magazine, The Economist, in a paean to this nation, stated in its latest edition: “Over the past three decades America has left the rest of the rich world in the dust. In 1990 it accounted for about two- fifths of the GDP of the G7. Today it makes up half. Output per person is now about 30 percent higher than in Western Europe and Canada, and 60 percent higher than in Japan — gaps that have roughly doubled since 1990.

“Mississippi may be America’s poorest state, but its hard-working residents earn, on average, more than Brits, Canadians or Germans. Lately, China too has gone backwards. Having closed in rapidly on America in the years before the pandemic, its nominal GDP has slipped from about three-quarters of America’s in 2021 to two-thirds today.”

It is possible to believe that we are on the threshold of a new golden age. Yet we are just ending a political campaign where self-denigration has been a feature. The economic ideas of both candidates, if they become policy and law, threaten to jeopardize our ascent to what Winston Churchill called the “sunlit uplands.”

Kamala Harris has put forward a few ideas which have failed in the past, like protecting specific American industries and fighting the shibboleth of “price-gouging.” Who will she go after? Hotels, airlines, and electric utilities, which buy and sell in the wholesale market, all depend on opportunistic pricing. A free market is by its very nature opportunistic.

Down the line, Harris has sought to fix that which the market will repair by itself. Richard Nixon — wise in so much — tried price controls and failed hopelessly.

Housing is an example of where Harris’ plans to have the government interfere will achieve the opposite result to what she is seeking to do. She would give first-time buyers a down payment. That will most likely push up prices in the overheated housing market. What is needed is more houses, which means local restrictions need to be eased.

Donald Trump’s central economic idea is worthy of the kind of economic thinking favored by African dictators the day after a coup. His tariffs would impose a massive de facto sales tax on all Americans, push up inflation, and wreck the global trading system.

If there are reputable economists who endorse the tariff mania, let us hear from them. Where are they hiding? Even the Trump-friendly think tanks, like The Heritage Foundation, have shied away from this misguided enthusiasm. It is dangerous and if Trump is elected, Congress needs to aggressively restrain it.

Both candidates have laid out economic plans which are risible at some level and aimed to protect their voting blocs. Both, in their way, seek to buy their votes with promises which they either can’t deliver on or which would wreak havoc.

Alexander Fraser Tytler, the 18th-century Scottish jurist, saw doom for democracies when the money faucet is turned on. He said, “A democracy will exist until such time as the public discovers that it can vote itself generous gifts from the public purse.”

One might add, “or if leaders promise it such gifts.”

America is at a high point and can continue to climb if its politicians don’t arrest the ascent.

Oh, America, My Adopted Land, What Are You Doing to Your Special Self?

August 19, 2017 by Llewellyn King Leave a Comment

When I arrived on these shores in 1963, I wrote to a friend in London from New York, “We had America wrong. It is not a melting pot but rather a fruit salad. Spanish-speaking youths sell pizza on Broadway. Italian and German men drive taxis. All the doormen — they stand in front of the better blocks of flats — seem to be Irish. Black men and women do menial work: They are less obvious and not prospering.”

Those were the days when integrating the South was being bitterly fought and I, for one, thought that the soaring rhetoric of Martin Luther King could heal as well as inspire.

The most overt racism I saw in the North was not in New York or Washington but in Baltimore. At a bar beloved by the editorial staff of the Baltimore News American on Pratt Street, a major commercial thoroughfare at the time, an African-American man came in for a drink. The owner, a Polish-American, was on his feet in seconds, telling the man that the bar was in fact a private club, but he could sell him a bottle to go. The would-be patron took this clear lie quietly and left. My colleagues at the newspaper, including an African-American editor, were not interested in protesting the incident.

Race is probably baked into my consciousness, as I was born and raised in the British African colony of Southern Rhodesia. I grew up in a society in which some dreamed of a multi-racial future and others leaned toward white supremacy. In the end, after independence, Robert Mugabe made a mockery of democracy and civil rights for white and black citizens; his rule has been an equal opportunity horror.

When King was shot in 1968, Washington and Baltimore erupted in riots. I would not call them race riots, but they were riots of protest, of angry people who felt they had had enough. I walked through some of the worst rioting in Washington, and later drove through burning sections of Baltimore.

Rather than being threatened as a white man in black communities that were gripped with looting and fire-setting, there was an almost eerie politeness, a concern among the rioters for my safety. Richard Harwood, father of the CNBC correspondent, wrote about this, these manners, in The Washington Post.

It struck me then that the United States could survive even in its worst struggles if it could keep its manners, its sense of the other fellow’s well-being.

Nelson Mandela said that hate has to be learned. What he did not say, as far as I know, is that people love to hate. When hate is sanctioned, as it was in Nazi Germany or in endless Russian pogroms against the Jews, it becomes a creed and a way of seeing everything.

The selection of Barack Obama not as an African-American but as the Democratic presidential candidate was a high point. It made me very proud to be an American, of having been accepted in an exemplary place. It told the world that the United States, for all of its history of slavery and prejudice, was an ascendant society; Ronald Reagan’s “shining city on a hill.”

In Dublin, I chastised an Irish journalist for criticizing a less-than-lovable newscaster as a “Protestant prick.” What had the man’s religion to do with it? In America, I said, we would not add religion to the epithet.

I was lunching with a Malaysian publisher at the National Press Club in Washington when he declared for all to hear, “The only straight thing about a Chinaman is his hair.” I was appalled and said so. We would not have said that, not in recent decades, because of the restraint of brotherhood, the sense of ascendance and the manners of a people from many places who live together.

Now an American president, Donald Trump, has whistled up tribalism, rationalized the unacceptable through false equivalence. And America, as an ascendant place, is in question, the delicate weave of its social fabric under stress.

John Donne, the metaphysical English poet, wrote nearly 400 years ago of “America” as hugely desirable place. He also warned, “No man is an island, entire of itself; every man is a piece of the continent, a part of the main.” Even more so in a diverse nation held together by the knowledge that any other course, any tribal hatred, diminishes the whole construct; or, to me, contaminates the fruit salad with rotten produce.

Photo: NEW YORK CITY – JUNE 28: Commuters in subway wagon on June 28, 2012 in NYC. Credit: PIO3 / SHUTTERSTOCK.COM

Whoosh! The Electric Car Is Rolling into American Life

June 9, 2017 by Llewellyn King 2 Comments

U.S. transportation is about to get a mighty electric shock.

The days of the internal combustion engine are numbered. The electric car is about to do to the traditional gasoline and diesel car engine what the cell phone is doing to the copper-wire, landline telephone: shoulder it out of the way.

Andrew Paterson, a principal with the Verdigris Capital Group, told a conference in Washington on June 7, electric car sales will at least quadruple in the coming decade and then really begin to accelerate. This, he said, was part of a larger electric boom that would see the doubling of world electric demand, mostly in Asia, by the middle of the century.

Electric utilities in the United States stand to benefit from the switch from gasoline and diesel to electricity largely because they will be able to meet the new demand without adding new generation, according to the Electric Power Research Institute in Palo Alto, Calif. It believes most of the charging of electric vehicles will take place off-peak, at night and when there is less demand. At worst the new load will fall partly during the day, when there is a surplus of solar power.

Analysts say much depends on whether commercial and company parking facilities can be turned into charging stations as well. Maybe when the boom really picks up, even parking meters will become charging stations.

The change in transportation will have huge effects beyond the car infrastructure. Gradually, gas stations will become obsolete. Technicians who service cars with oil changes and tuning will be out of work.

Electric cars are fundamentally simpler than today’s vehicles — they will run for tens of thousands of miles without maintenance, and that will be confined to things like tires, brakes and lights. Cities will get cleaner and quieter.

Once upon a time, it was just environmentalists who loved electric cars. Now consumers are gooey over them. The proud owner of a Tesla Model S told me this week that he would never buy a conventional car again. He said his Tesla has it all — quiet, undreamed of acceleration and great luxury. And he has what it takes to go electric easily: a suburban home with a carport and a charging station in his office building in Washington.

Apartment dwellers and those without driveways or garages in townhouses will have to wait for technology to fix their charging needs. Manufacturers are striving for easier charging and longer-endurance batteries.

There are, by my count, less than a dozen dedicated charging companies that have sought to commercialize charging by wiring commercial garages and other places where cars sit. None has been very successful to date and there have been bankruptcies.

As always with new ways of doing things, there is hesitance and a hope that someone else will lead the way. I believe that the moment entrepreneurs find a way of making money from cars in commercial parking lots and other away-from-home sites, there will be a boom in offering charging and the switch to electric will be accelerated. Charging will become big business.

But questions do abound for long-distance driving. Soon 300 miles will be the electric vehicle standard, but it will not get you from Chicago to Los Angeles, or even Washington to Boston.

The speed of technological evolution is the unknown, but it will control the accelerator in the race to electricity. Better batteries, faster charging and more public confidence in the duration of each charge will all control the rate of change.

When it comes to heavy vehicles that travel great distances, like intercity buses and trucks, the conversion to electricity, though yearned for, may be a lot slower. Until smart highways offer charging through induction, using electromagnetic fields, diesel will still rule.

The earliest cars were electric and were thought then to be the future — clean and quiet. But lead-acid batteries could not hack it. Stubbornly Harrods, the famous department store, used electric delivery vehicles around London until the 1960s; maybe because these sedate, quiet, liveried road queens exuded classiness.

Like all revolutions, there will be winners: those who find out how to make money out of battery charging and those who make electricity. And losers: oil companies, gas stations, service departments of dealerships and the long-dreamed-of hydrogen car.

Incontrovertibly, the air in cities will be a winner — a big, big winner.

Barking Mad about Dog Justice

July 13, 2014 by White House Chronicle 3 Comments

You are embarking on reading something that is hopelessly one-sided, patently biased and completely partisan. It is plainly and simply a call for equality.

I want dogs in the United States to be accorded the same rights and privileges as they are in France.

I say that if you want to be born a pooch, do it in France. The French dog’s life is tres bonne.

You may think I am barking mad, but I have been studying pampered pooches for decades. In Britain, people have a screw loose about all animals. But in France, the dog is the overlord of all it surveys.

British dogs may get roast beef on Sunday, if they are lucky. Their French equals drag their owners to the patisserie whenever they feel the urge for an eclair or a napoleon.

British dogs get a bath infrequently in the family tub. But French dogs go to a salon. Sadly, in America, we outsource the grooming to a chain; not the same as a salon for Fifi the Pomeranian or Jacques the wolfhound.

But it is really at lunch and dinner when the French dog struts his or her superior situation: They go to fine restaurants with their owners, and sometimes — Mon Dieu! — eat their meals on the same china.

In England the lucky few four-footers can go to the pub and, with the publican’s permission, enter the hallowed premises. After some unpleasantness with the same publican’s large mongrel, which always blocks the entrance, he or she will find a spot under the table and hope for a bit of overcooked banger.

It is quite amazing how many dogs will show up in a restaurant in France and, after a few snarls, how fast they will settle down to the serious work of begging for food, or waiting in the certain knowledge that if they have the power over their owners to be taken out to lunch or dinner, delicious victuals will be provided with a loving, “Bon appetit, mon petit chien!” Last month in Paris, I saw a happy dog sitting on a banquette in a fine restaurant.

Dogs in France also are conspicuous on public transportation. You see them on the trains, both local and intercity, and the intercity airplanes. Some taxi drivers feel safer with a German shepherd or Rottweiler on the front seat. I have always thought a dog is superior to plastic dividers and other security devices in these uncivil times.

The French indulge their dogs and owners to such an extent that they have special sanitation workers who ride motorcycles equipped with vacuum cleaners, so that the good citizens do not, well, step in it.

But in America, dogs are defendu, not allowed to darken the door. They are classified as a health hazard. You can get away with dining with your best friend outdoors at some establishments. But mostly, the dear creatures must endure confinement at home while we gorge.

My fellow Americans, can this go on? Can we allow the pampered poodles of France to lord it over good ol' American coon hounds? Liberte, egalite, fraternite for the dogs of the U.S.A.! — For the Hearst-New York Times Syndicate