Showing posts with label James Fallows. Show all posts
Showing posts with label James Fallows. Show all posts

Wednesday, May 16, 2018

Book Review: James and Deborah Fallows' Our Towns (2018)

James Fallows' style is as close to the great James Michener as you can get. Unfortunately, he and his wife seem to have caught the "positivity vibe" at the expense of journalistic integrity. It's not that the couple lie--the Fallows are too sincere, too professional--but their blind spots function as a kind of concealment. 
May 15, 2018 in Palo Alto, CA

For example, Deborah Fallows discusses a Darfur refugee's "apparel" problem: "A big disappointment... was not being allowed to wear her hijab along with her ROTC uniform to school... she would have to choose." Mrs. Fallows then writes, sugary-sweetly, "It was beyond me, from my adult perspective, that this girl's preoccupying problem at sixteen years old was her apparel conflict." [Emphasis mine.] No mention of religious freedom exists anywhere on the page, nor a discussion about why the American government was forcing a Muslim refugee to choose between her religious beliefs and service to her country.

A more serious book would have directed the reader to the fact that military outfits despise exceptions to rules--uniformity is key to controlling actions and ensuring order. Instead, Deb Fallows uses the refugee's story as incontrovertible evidence America is working well. When she discussed the "apparel" issue during a recent interview, her husband, a devoted man whose love renders him incapable of correcting his wife's blind spots, saw the problem and immediately tried to save her by mentioning the local ROTC's request for a rule modification, which was eventually granted. 


Throughout the book, I sensed Mr. Fallows gently trying to mitigate Mrs. Fallows' unbridled optimism in a uniquely WASPy way. Discussing Sioux Falls, South Dakota's current economy, Mr. Fallows describes the city's choice of institutions a long time ago: "Would it prefer to be the home of the state university? Or the state penitentiary? ... the penitentiary offered steadier work for locals, so that is what they took." Readers knowledgable about America's worldwide #1 incarceration rate--a massive, unresolved issue that sheds light on untrammeled police discretion in making arrests--can understand the background in context. My concern is many readers might be unfamiliar with Mr. Fallows' genial, non-confrontational style--he was President Carter's speechwriter, after all--and miss the understated intellectualism behind his words. 
The Fallows are best when they stick to hard facts, such as their time operating a small aircraft; their research into ingenious ideas to melt snow (divert hot water from the cooling system of the local electric plant through plastic pipes under city streets and sidewalks); or historical color ("The Democratic-dominated city council tried to thwart every appointment, proposal, and piece of legislation [Bernie] Sanders put forward [after he won as an independent candidate by 10 votes]"). As it stands, if you read the Fallows' hefty book, just be aware of its selection bias. If you visit a city that knows you're coming and that has actively advertised itself to you, you'll get some version of a sanitized tour. (In one place, as soon as the Fallows land, they are greeted by "Captain Bob Peacock, one of many outsized personalities in the town.") 

For her part, Ms. Fallows says in an interview, "If you want to know what's wrong or what's needed [in a city], ask the librarian." Yet, one imagines visiting any country's libraries would result in optimism, even in North Korea. Perhaps that's the point the Fallows are trying to make: in any country, despite its overall decline, you will find pockets of hope and optimism, and your job is to find those places. 
I'll leave you with one of my favorite sentences, as an American immigrant hoping to live outside the United States one day: "Every city that is trendy or successful in some way attracts people from someplace else," which reveals America's economic engine as based on internal and external immigration. 

Tuesday, December 7, 2010

James Fallows on Coal and Energy Use

James Fallows, "Dirty Coal, Clean Future," The Atlantic (December 2010):

Overall, coal-burning power plants provide nearly half (about 46 percent this year) of the electricity consumed in the United States. For the record: natural gas supplies another 23 percent, nuclear power about 20 percent, hydroelectric power about 7 percent, and everything else the remaining 4 or 5 percent. The small size of the “everything else” total is worth noting; even if it doubles or triples, the solutions we often hear the most about won’t come close to meeting total demand. In China, coal-fired plants supply an even larger share of much faster-growing total electric demand: at least 70 percent, with the Three Gorges Dam and similar hydroelectric projects providing about 20 percent, and (in order) natural gas, nuclear power, wind, and solar energy making up the small remainder. For the world as a whole, coal-fired plants provide about half the total electric supply. On average, every American uses the electricity produced by 7,500 pounds of coal each year. Precisely because coal already plays such a major role in world power supplies, basic math means that it will inescapably do so for a very long time.

More here. The "green revolution" might peter out unless it creates products that impact coal use.

Wednesday, December 10, 2008

The Poor, Poor American Dollar

I have a treat for my readers--The Atlantic's (December 2008, p. 62) interview with Gao Xiqing, who oversees and invests $200 billion of China's $2 trillion U.S. dollar holdings. This interview is one of the best ones I've ever read because of the government official's openness:

http://www.theatlantic.com/doc/200812/fallows-chinese-banker

Below are my favorite two parts from the interview, one about the American dollar, and the other about derivatives:

Everyone is saying, “Oh, look, the dollar is getting stronger!” [As it was when we spoke.] I say, that’s really temporary. It’s simply because a lot of people need to cash in, they need U.S. dollars in order to pay back their creditors. But after a short while, the dollar may be going down again. I’d like to bet on that!

I have been converting my dollars into Canadian dollars recently. I already have euros (FXE) and some Swiss francs (FXF). We'll see in a year whether my decision was the right one. I felt compelled to diversify my U.S. dollar holdings, because they were earning around 1% in interest, while competing currencies had much higher interest rates and the possibility of greater upside.

As for derivatives, here is what Mr. Gao had to say:

If you look at every one of these [derivative] products, they make sense. But in aggregate, they are bullsh*t. They are crap. They serve to cheat people.

Mr. Gao explains derivatives by comparing them to multiple mirror reflections of one actual product. It's such a perfect analogy, I'm surprised no mainstream American publication has mentioned it until now.

Kudos to The Atlantic and Mr. Fallows for publishing this interview.