2021
July
02
Friday

Monitor Daily Podcast

July 02, 2021
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Linda Feldmann
Washington Bureau Chief

President Joe Biden visited South Florida yesterday for the most somber of reasons – to thank first responders and meet with grieving families after last week’s collapse of a condo building in the town of Surfside.

The trip wasn’t political, but politics loomed nonetheless. Florida Gov. Ron DeSantis, a Trump acolyte, has often been harshly critical of the Biden administration. There’s even speculation that President Biden and Governor DeSantis, a rising GOP star, could face each other on the ballot in 2024. Their interaction Thursday could easily have been rife with partisan tension.

So it was all the more striking to see, instead, a forthright display of common purpose and bipartisan unity. At a briefing, the two seated side by side, Mr. DeSantis praised the federal response and Mr. Biden in particular for being “very supportive.”

“You guys have not only been supportive at the federal level, but we’ve had no bureaucracy,” Mr. DeSantis said.

“I promise you,” the president replied, “there will be none.”

Putting his hand on Mr. DeSantis’ arm, Mr. Biden said the governor and Surfside mayor have been “completely open with me,” and that he’d boost federal coverage of Florida’s emergency response costs to 100%.

The Democratic mayor of Miami-Dade County, Daniella Levine Cava, also praised the Republican governor. “You’ve been a steady, calming, reassuring, but forceful voice every step of the way,” she said. “And it’s been a pleasure to partner with you, truly.”

Heading into July Fourth weekend, the scene was a welcome reminder that it’s possible, still, to be “united” states.


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Today’s stories

And why we wrote them

Harry Bruinius/The Christian Science Monitor
Caregiver Felicia Roll prays with Jimmy Blair by a memorial wall in Surfside, Florida, on July 1, 2021.

The Surfside building collapse has brought people from across Florida and beyond to help, to mourn, and to support those grieving and in need.

Omar Sobhani/Reuters
Armed men who oppose the Taliban stand at their post in the Ghorband District in Afghanistan's Parwan province, June 29, 2021.

In whom can Afghans place their faith? The hated Taliban will not win any popularity contests, but neither will the government, faulted for corruption and a disconnect from the forces that would support it.

The trial of 13 people who harassed online a French teen who condemned Islam could indicate how the country will punish cyberbullying, an often overlooked and hidden crime.

Commentary

As this writer in Bangladesh proved, insatiable curiosity and dogged determination can expand your experience far beyond the confines of your community.

Film

Searchlight Pictures/© 2021 20th Century Studios
The documentary "Summer of Soul" features performances from the 1969 Harlem Cultural Festival in New York City, including this one by B.B. King.

“Summer of Soul” highlights the unifying performances that took place some 50 years ago at the Harlem Cultural Festival in New York City. In a five-star review, film critic Peter Rainer calls the documentary a timeless project “of major cultural significance.”


The Monitor's View

AP
A hiring sign shows in Downers Grove, Ill., June 24. Pay is going up across many industries, adding to concerns over rapid inflation.

One thing is certain about America’s debate over whether harmful inflation is on the horizon in a hot economy: The agency in charge of managing inflation, the Federal Reserve, is very uncertain about what to do. And that may actually be a virtue.

In March, 11 of the top 18 officials in the U.S. central bank were predicting low inflation and thus saw no need to raise interest rates before 2024. By June that flipped: Thirteen of 18 saw a need to raise rates before 2024. Not only is the Fed divided, but its leaders are also in deep deliberation, listening for clues, alert to uncertainties, and willing to shift opinions. They perhaps know that two recent unpredicted shocks – the 2008 global financial crisis and the 2020-21 pandemic – have made economists engage in reflective self-criticism and be less prone to hubristic predictions. In the “dismal” profession of economics, a cautious bias has replaced a confidence bias.

That point was made this week by three prominent experts during an Aspen Institute session and in a recent joint paper. Robert Rubin, a former treasury secretary; Peter Orszag, a former head of the Office of Management and Budget; and Joseph Stiglitz, a Nobel Prize-winning economist – who all differ in ideologies – argue that current economic debates should “be informed by copious amounts of humility, particularly given the role of impossible-to-predict events (including pandemics, wars, and [market] bubbles).”

They contend bad economic and fiscal projections in the past have made a case for humility. Policymakers can no longer hope that their “confidence would itself instill confidence,” as the paper stated. Last year, the United States experienced a rare service-sector downturn. Globalization may now be in reverse. Despite a recession in 2020, household savings went up while credit card debt declined. Uncertainty is pervasive, they say.

They do not argue for policymakers to do nothing. Instead, they warn that traditional top-down “anchors” in economic policies may no longer work. And the Fed’s internal debate over inflation and interest rates reflects this reality. “One of the arguments for humility is that economists have been very bad at forecasting,” said Mr. Stiglitz.

The three do propose a solution. They call it decluttering. Congress should set up “automatic stabilizers” for parts of the economy in which there is little policy disagreement and “we know what works,” such as tying jobless benefits to a recession or triggering road-building projects to boost income. “Stimulus measures, such as state and local aid, should be automatically tied to the state of the economy,” they write.

That would then free up politicians to engage in democratic deliberation over what is truly unusual and needs consensus building. “The uncertainties policymakers face are myriad and deep – not just about the course of interest rates but also about possible global macroeconomic shocks, rapid changes in the geopolitical environment, and climate change. We cannot even ascertain the probabilities of such events.”

True to form, the three admit they may be wrong. “Perhaps the world will turn out to be more certain,” they state. Yet the willingness to self-correct and listen for the deeper currents of change is long overdue. The greatest insights often come from the greatest humility.


A Christian Science Perspective

About this feature

Each weekday, the Monitor includes one clearly labeled religious article offering spiritual insight on contemporary issues, including the news. The publication – in its various forms – is produced for anyone who cares about the progress of the human endeavor around the world and seeks news reported with compassion, intelligence, and an essentially constructive lens. For many, that caring has religious roots. For many, it does not. The Monitor has always embraced both audiences. The Monitor is owned by a church – The First Church of Christ, Scientist, in Boston – whose founder was concerned with both the state of the world and the quality of available news.

It can seem that there are all kinds of things that would limit us – illness, age, history, for instance. But recognizing our true nature as God’s children brings healing and freedom from limitations.


A message of love

Adnan Abidi/Reuters
A boy jumps into a stepwell, built inside the shrine of Sufi saint Nizamuddin Auliya, to cool off on a hot summer day in New Delhi, on July 2, 2021.
( The illustrations in today’s Monitor Daily are by Karen Norris. )

A look ahead

Thank you for joining us. We don’t publish a Daily on Monday, a federal holiday marking Independence Day in the U.S., but watch for a special email from us. We’ll provide a selection of our stories that explore different facets of liberty today.

Speaking of which, here’s a bonus read: our roundup of books on the American Revolution and its ongoing meaning.

More issues

2021
July
02
Friday

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