Search Results for: economy

Iraq: Under Worse Management

Longreads Pick

The country’s huge challenges following the U.S. withdrawal, including corruption, new waves of violence and crippled infrastructure:

“The end of the U.S. military’s long, bloody adventure in Iraq signals the start of a new, highly uncertain chapter in the country’s development. In the scenario conjured by optimistic U.S. and Iraqi officials, an Iraq free of tyranny, terrorism, and foreign occupation will transform itself into a modern and open economy in the heart of the Arab world. That vision recedes a bit more every day as sectarian tensions reemerge, corruption hinders development, and the country’s political leadership moves against its opponents and flirts with autocracy. Iraqis are reluctant to ask aloud if the most recent attacks represent the deadly half-life of war, or, as Abdel Sadeh and many others I spoke to during four weeks in December and January say they fear, another meltdown.”

Source: Businessweek
Published: Jan 20, 2012
Length: 16 minutes (4,084 words)

On modern manufacturing in the U.S. and the unskilled-skilled labor gap—with 92-year-old Standard Motor Products serving as a case study: 

Across America, many factory floors look radically different than they did 20 years ago: far fewer people, far more high-tech machines, and entirely different demands on the workers who remain. The still-unfolding story of manufacturing’s transformation is, in many respects, that of our economic age. It’s a story with much good news for the nation as a whole. But it’s also one that is decidedly less inclusive than the story of the 20th century, with a less certain role for people like Maddie Parlier, who struggle or are unlucky early in life.

“Making It in America.” — Adam Davidson, The Atlantic

See also: “The White House Looks for Work.” — Peter Baker, New York Times, Jan. 19, 2011

The origins and the politics of the New York-based Freelancers Union—now 150,000 members strong:

The shift toward short-term contracts was underway long before the 2008 financial crash. Charles Heckscher, director of the Center for Workplace Transformation at Rutgers University, sits on the board of the Freelancers Union, and likes to describe this shift in terms of “flexibility.” As the economy shifted away from manufacturing jobs and toward knowledge- and tech-based ones, he argues, “companies have clearly and widely moved away from taking responsibility for long-term careers. These certainly include crude cost-cutting considerations, but they also reflect the deeper economic changes…with skills and demand metamorphosing so rapidly in so many domains, it is often more effective to look for those with needed skills on the open market rather than developing them internally. Once companies begin to do that, they tend to break the whole pattern of expectations and commitments which grounded the classic system.”

“The ‘I’ in Union.” — Atossa Araxia Abrahamian, Dissent

See also: “In the Wake of Protest: One Woman’s Attempt to Unionize Amazon.” The Atlantic, Dec. 12, 2011

The ‘I’ in Union

Longreads Pick

The origins and the politics of the New York-based Freelancers Union—now 150,000 members strong:

“The shift toward short-term contracts was underway long before the 2008 financial crash. Charles Heckscher, director of the Center for Workplace Transformation at Rutgers University, sits on the board of the Freelancers Union, and likes to describe this shift in terms of ‘flexibility.’ As the economy shifted away from manufacturing jobs and toward knowledge- and tech-based ones, he argues, ‘companies have clearly and widely moved away from taking responsibility for long-term careers. These certainly include crude cost-cutting considerations, but they also reflect the deeper economic changes…with skills and demand metamorphosing so rapidly in so many domains, it is often more effective to look for those with needed skills on the open market rather than developing them internally. Once companies begin to do that, they tend to break the whole pattern of expectations and commitments which grounded the classic system.'”

Source: Dissent
Published: Jan 4, 2012
Length: 14 minutes (3,701 words)

Ben Cohen's Top Longreads of 2011

Ben Cohen writes about sports for The Wall Street Journal. In 2011, he also published a Kindle Single and wrote for Grantland, The Classical, Tablet, The Awl and Yahoo! Sports. You can follow him on Twitter at @bzcohen.

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I don’t know that I can pinpoint exactly what it was about these stories that compelled me to re-read them, over and over, but I do know that you’ll find yourself doing the same. In any case, you don’t need me to explain how to enjoy these stories, or why you should adore them. They speak for themselves. So, in the spirit of the season: gifts that keep on giving!

“‘It’s Too Bad. And I Don’t Mean It’s Too Bad Like “Screw ‘Em”,’” Jessica Pressler, New York: Lloyd Blankfein goes to a diner.

“Welcome to the Far Eastern Conference,” Wells Tower, GQ: Starbury goes to China.

“The Hangover Part III,” Brett Martin, GQ: Aziz Ansari, David Chang and James Murphy go to Tokyo.

“The History and Mystery of the High-Five,” Jon Mooallem, ESPN The Magazine: Hand goes high.

“Why John Calipari Can’t Catch a Break,” S.L. Price, Sports Illustrated: Coach goes to Kentucky.

“It’s The Economy, Dummkopf!” Michael Lewis, Vanity Fair: Michael Lewis goes to Germany.

“Danny Meyer on a Roll,” Sean Wilsey, The New York Times Magazine: Restauranteur goes… everywhere?

“Jennifer Egan on Reaping Awards and Dodging Literary Feuds,” Boris Kachka, Vulture: Jennifer Egan goes to Brooklyn.

“The Confessions of a Former Adolescent Puck Tease,” Katie Baker, Deadspin: Teenager goes to the Internet.

“American Marvel,” Edith Zimmerman, GQ: I’m not sure who goes where, or when, or why, but what!

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Time's Radhika Jones: My Top 5 Longreads of 2011

Radhika Jones is executive editor of Time.

I got to work on a number of great longreads at Time this year, among them Lev Grossman on fan fiction, Kate Pickert on the perils of cancer screening, and Kurt Andersen on the Year of the Protester. But these are a few of the pieces from other venues that have stuck with me.

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“And I Should Know,” by Roseanne Barr, New York

I didn’t follow the great Charlie Sheen meltdown of spring 2011. But I read every word of Roseanne Barr’s Sheen-inspired treatise on sitcom fame, in which she opens a window onto the warped and warping world of celebrity. It was a brilliant assignment, sharply executed and highly entertaining.

“It’s the Economy, Dummkopf!” by Michael Lewis, Vanity Fair

This is about the most exhilarating piece of business writing I have ever read, mostly thanks to Lewis’s summary of the trope of shit in German culture and its relation to the European financial crisis, which I found both hilarious and totally plausible. It was like stumbling into a graduate seminar on formalist readings of macroeconomics textbooks. I mean that in a really good way.

“Changing Times,” by Ken Auletta, The New Yorker

There’s nothing flashy or attention-seeking about Ken Auletta’s profile of Jill Abramson; it makes my top five because I found it fascinating to watch a picture of her emerge from the figure she cuts in the workplace. It emerges slowly—you have to wade through a lot of meetings—but Auletta was smart to go for inspirational at the outset: as a woman in publishing, I felt invested in Abramson’s rise and in the way she’s cultivated authority, intelligence and ambition.

“A Sister’s Eulogy for Steve Jobs,” by Mona Simpson, The New York Times

We all read a ton about Steve Jobs in the days after his death. Then Mona Simpson’s eulogy came along, reinvented the Jobs memoriam and blew the competition away. It was elegant, personal and lovingly attentive to detail—a tribute perfectly fitted to the man it honored. He was very lucky to have a writer for a sister.

“Cincinnati,” by James Pogue, n+1

I grew up in Cincinnati, back when WKRP was on the air and Jerry Springer was the mayor. It’s a city of in-betweens, and James Pogue’s rambling, evocative essay in n+1 captures its contradictions perfectly. I love the idea of a piece whose main goal is to take you somewhere else—in geography, in history and in memory.

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Writer Andrew Rice: My Top Longreads of 2011

Andrew Rice is a contributing writer for the New York Times Magazine and the author of The Teeth May Smile but the Heart Does Not Forget: Murder and Memory in Uganda. (See recent longreads by Rice.)

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Selected according to a complicated (read: entirely arbitrary) judgment of their degree of difficulty and technical execution, and listed in no particular order. Full disclosure: I’ve written for several of the publications cited on this list, but I’ve excluded from consideration any writer with whom I’m personally acquainted.

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“The Romney Economy,” Benjamin Wallace-Wells, New York, 10/23/11

When it comes to degree of difficulty, delivering an interesting Mitt Romney profile is like nailing a reverse four-and-a-half somersault. But this story succeeded—not the least of which due to its brilliant packaging, which included a now-infamous cover photo of Romney with cash coming out of his suit pockets and the accompanying headline: “Mitt Romney and the 1% Economy.” Written without the (perhaps dubious) benefit of an interview with Romney, the story nonetheless managed to summon up the Republican candidate’s history of creative destruction, and tied that to the big story of the moment, the Occupy Wall Street protests. If Romney ends up becoming the Republican nominee, as still seems likely, the themes of Wallace-Wells’ profile will likely define the coming political year.

“How to be Good,” Larissa MacFarquhar, The New Yorker, 9/5/11 (sub. req.)

Oxford philosopher Derek Parfit argues, MacFarquhar writes, that “personal identity is not what matters.” But a profile is, by definition, an evocation of a person’s identity. How do you fulfill the requirements of the form on Parfit’s own, rather forbidding, terms? MacFarquhar didn’t make use of any scenes, or quotes of the traditional “he said” variety, conveying Parfit as a sort of disembodied intelligence. By all rights, this experiment should have been about as interesting to read as, well, a philosophy textbook. But the power of Parfit’s ideas about the nature of consciousness and ethics—and MacFarquhar’s skill at conveying them colloquially—made the piece sing to me.

“The God Clause,” Brendan Greeley, Bloomberg Businessweek, 9/1/11

Are you interested in reading about a shadowy industry that attempts to predict and profit from gigantic, multibillion-dollar disasters? Great—me too. Now that I’ve got you interested, I will disclose that this article is actually about the reinsurance industry. This is the bait-and-switch trick that Greeley pulls off admirably in this piece. This was the cover story for Businessweek’s 9-11 anniversary issue, and aided by some very good cover art—something the magazine has been justly praised for lately—the piece managed to tell its readers a story that touched on the past while telling them something new.

“Where’s Earl?” Kelefa Sanneh, The New Yorker, 5/23/11 (sub. req.)

A detective story masquerading as a celebrity profile—or maybe it’s the other way around?—this was in an issue that kind of hung around on my endtable for a few months before I got around to sticking it into my bag for a long plane flight. Then it completely sucked me into its world. I won’t even pretend that I’m young enough to care about the rap collective Odd Future, or the fate of its missing member Earl Sweatshirt, but the outcome of this story, which I won’t spoil, offered an (ahem) oddly plaintive reminder that so many of our musical idols are, after all, just kids.

“Watching the Murder of an Innocent Man,” Barry Bearak, New York Times Magazine, 6/2/11

This was my absolute favorite story of the year. Journalism from Africa often conveys the continent in broadly collective terms: tribes rival with one another, rebels fight the government, the downtrodden suffer or rise up. Bearak, who used to be stationed in the Times’ Johannesburg bureau, took one of those distressing mass phenomena that fill the inside pages of every day’s newspaper—an outbreak of xenophobic violence in South Africa’s township slums—and gave the story a terrible specificity. I particularly admired the way Bearak dissected the chance intersections and misunderstandings that led to a lynching, and dispassionately explained the cosmological worldview of the victim’s family about his death. In the end, Bearak resists the natural tendency to isolate a single villain and hold that person up to condemnation, despite the murky evidence, because that’s what the mob did, albeit in an incomparably more brutal fashion.

Bonus: Longreads Logrolling List

I’m lucky enough to be friends with a bunch of really talented writers, and it seems a shame to exclude them simply on the grounds of our acquaintance. So, here’s a list of really great articles written this year by people that I happen to know and like. You can take these endorsements with a grain of salt, of course, but I urge you to click and judge for yourself.

“Getting Bin Laden,” Nicholas Schmidle, The New Yorker, 8/8/11

The best account, so far, of the most stunning news event of this year.

“The Neverending Nightmare of Amanda Knox,” Nathaniel Rich, Rolling Stone, 6/24/11

I was fascinated by this lurid miscarriage of justice. This story went way beyond the tabloid narrative of the persecuted innocent abroad.

“The Idealist,” Jason Zengerle, The New Republic, 1/13/11

A rising Democratic star finds his life derailed when he gets enmeshed in a bizarre political dirty tricks plot.

“Cheating, Incorporated,” Sheelah Kolhatkar, Bloomberg Businessweek, 2/10/11

The real, profitable and Canadian (!) company behind those lubricious Ashley Madison TV ads.

“The King of All Vegas Real Estate Scams”, Felix Gillette, Bloomberg Businessweek, 12/8/11; “The Casino Next Door”, Felix Gillette, Bloomberg Businessweek, 4/21/11

These two stories made me ache with jealousy.

“The Gulf War,” Raffi Khatchadourian, The New Yorker, 3/14/11

The Gulf oil spill turned out to be less overwhelmingly catastrophic than some doomsayers predicted, but it still left behind some troubling lessons. This is the story of a disaster that happened beneath the surface, and in conveying that narrative with great depth and nuance, the story pulls off a truly difficult feat.

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The parallels between the story of the origin of the Great Depression and that of our Long Slump are strong. Back then we were moving from agriculture to manufacturing. Today we are moving from manufacturing to a service economy. The decline in manufacturing jobs has been dramatic—from about a third of the workforce 60 years ago to less than a tenth of it today. The pace has quickened markedly during the past decade. There are two reasons for the decline. One is greater productivity—the same dynamic that revolutionized agriculture and forced a majority of American farmers to look for work elsewhere. The other is globalization, which has sent millions of jobs overseas, to low-wage countries or those that have been investing more in infrastructure or technology. (As Greenwald has pointed out, most of the job loss in the 1990s was related to productivity increases, not to globalization.) Whatever the specific cause, the inevitable result is precisely the same as it was 80 years ago: a decline in income and jobs. The millions of jobless former factory workers once employed in cities such as Youngstown and Birmingham and Gary and Detroit are the modern-day equivalent of the Depression’s doomed farmers.

“The Book of Jobs.” — Joseph E. Stiglitz, Vanity Fair

See more #longreads about the economy

The Book of Jobs

Longreads Pick

The parallels between the story of the origin of the Great Depression and that of our Long Slump are strong. Back then we were moving from agriculture to manufacturing. Today we are moving from manufacturing to a service economy. The decline in manufacturing jobs has been dramatic—from about a third of the workforce 60 years ago to less than a tenth of it today. The pace has quickened markedly during the past decade. There are two reasons for the decline. One is greater productivity—the same dynamic that revolutionized agriculture and forced a majority of American farmers to look for work elsewhere. The other is globalization, which has sent millions of jobs overseas, to low-wage countries or those that have been investing more in infrastructure or technology. (As Greenwald has pointed out, most of the job loss in the 1990s was related to productivity increases, not to globalization.) Whatever the specific cause, the inevitable result is precisely the same as it was 80 years ago: a decline in income and jobs. The millions of jobless former factory workers once employed in cities such as Youngstown and Birmingham and Gary and Detroit are the modern-day equivalent of the Depression’s doomed farmers.

Source: Vanity Fair
Published: Dec 11, 2011
Length: 14 minutes (3,505 words)

So the Great Depression runs through Little House in the Big Woods like a big three-hearted river.

Perhaps most striking, however, is that the book’s central theme is made most conspicuous not through the events and details described in its pages but by the things that aren’t there.

There’s no Depression in the Big Woods. There’s no sign that the Civil War was less than a decade in the nation’s rearview (aside from one minor character, Uncle George, who ran off to be a drummer boy and came home “wild”). There are no banks. There isn’t even a cash economy: A description of the family’s visit to the store in town depicts a dazzling oasis of consumerism, but Pa pays for the calico and the sugar in trade, with bear and wolf pelts. There’s no government. In fact, a government would seem superfluous. No need for police or courts, because everyone gets along. The Ingallses have everything they need thanks to Pa’s seemingly limitless frontiersman skills and Ma’s “Scottish ingenuity” on the domestic front.

“Little House in the Present.” — Aimee Levitt, Riverfront Times

See more #longreads from the Riverfront Times