2023
January
30
Monday

Monitor Daily Podcast

January 30, 2023
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Laurent Belsie
Senior Economics Writer

I broke a personal rule the other day at the grocery store: I stocked up on pasta at $1.19 a package. For a year I’d bought the staple only as needed, telling myself the dollar-a-box sales would return once things settle down. But on that shopping day, I realized the world would never return to its pre-inflation normal.

My capitulation was complete: spaghetti, elbow macaroni, the works.

Inflation is not the worst economic problem a nation can have (unless it really gets bad). Depression hits people harder. So does spreading unemployment. And yet inflation sticks in the public craw as almost nothing else does.

Nearly half of Americans point to economic issues, particularly inflation, as the country’s top problem, far ahead of immigration (11%), gun violence and crime (6%), and government spending and taxes (6%), according to a CNN poll released last week.

Such fears are overblown, economists point out. Pay tends to go up with inflation, as do home prices, while the real value of one’s debts goes down. The appreciation of our house in the past three years should help me pay for all the buck-nineteen pasta I could ever want.

Tomorrow the Federal Reserve’s policy committee will begin a two-day meeting to decide how much more to raise interest rates to curb that inflation. Many economists say more rate hikes are needed, given that inflation remains stubbornly high at a 5% annualized rate.

Yet even if food prices are notoriously volatile (don’t get me started about eggs!) some key trends are positive. On Friday, the central bank’s most-trusted inflation measure fell for the third time in a row. And it’s looking possible that America’s inflation surge will be contained without a recession – or breaking my pasta budget.


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Today’s stories

And why we wrote them

Gerald Herbert/AP
Protesters march Saturday in Memphis, Tennessee, over the death of Tyre Nichols, who died after being beaten by police.

Safety shouldn’t be a choice between rampant crime and violent overpolicing. Memphis thought it might have had an answer. But Tyre Nichols’ death shows how it spiraled out of control.

Melanie Stetson Freeman/Staff
Dora Lopez gets a hug from lead outreach worker Zaida Adams at Mutual Aid Eastie’s community space, Jan. 25, 2023, in East Boston. Ms. Lopez, who was unable to work during medical treatments, sought help filling out forms for housing support. Members of Mutual Aid sat down with Ms. Lopez’s landlord to work out rent issues.

The pandemic saw neighborly care expand in varied ways. For mutual aid societies, the effort reflected visions of a society in which the power dynamics of philanthropy and individualism give place to communal solidarity.

The Explainer

When it comes to preparedness and disaster response, public mobility can be vital. Inclusive policies for people with disabilities can save lives.

Points of Progress

What's going right

In our progress roundup, Hong Kong oyster reefs are coming back to yield benefits beyond seafood. And in Canada, Indigenous groups are conserving millions of acres of land and water, both with and without the government’s help.

In Pictures

Melanie Stetson Freeman/Staff
A street vendor sells elote, or grilled corn, in the main plaza in San Miguel de Allende, Mexico. Street food has long been a staple of Mexican communities.

Food can be a great equalizer, whether across town or across cultures. In Mexico, grabbing a quick bite to eat from street vendors is more than a convenience. It’s a an act of communion.


The Monitor's View

AP
J. Lawrence Turner, pastor of Mississippi Boulevard Christian Church, speaks to a reporter at City Hall in response to the investigation of the death of Tyre Nichols.

Since the police killing of George Floyd in Minneapolis in May 2020, more than 4,500 reform bills have been considered by all 50 state legislatures and the District of Columbia. At least 230 have been enacted into law, affecting recruitment practices and conduct on the beat and creating new systems for public oversight. Additional measures are shaping debates about law enforcement in city councils and police departments across the country.

When another tragic incident of police violence jars the nation, like the fatal Jan. 7 beating of Tyre Nichols by five officers in Memphis, Tennessee, all of that work is thrown into doubt – as if, yet again, nothing has changed. Yet the events of these past few days and the legal process that followed Mr. Nichols’ death – all five officers have been fired and charged with second-degree murder, and the special anti-violence unit they served shut down – challenge that conclusion. They show how far Americans have moved in recent years toward a shared view of justice based on equality, empathy, and accountability.

“It’s important to note that changing violent behavior and violent subculture is a long-term and difficult process,” Professor Howard Henderson, of the Center for Justice Research at Texas Southern University, told a local news channel in Houston. “I think we’re moving forward. ... You have to promote transparency and openness.”

One measure of that progress was the public’s response to the video images of the assault on Mr. Nichols – and to the swift action taken by authorities. No cities burned. No one was hurt. In gatherings and protest marches across the country, city officials and police chiefs joined with clergy and ordinary citizens in shared anguish.

“To all our communities, but especially to the Black and brown men of Boston: You deserve to feel and be safe,” Mayor Michelle Wu told a vigil for Mr. Nichols Friday night at a new monument to Martin Luther King Jr. and Coretta Scott King. “Please know that we see you and we love you.”

That empathy was not just reserved for the victims of police brutality. Despite the troubled relationship between law enforcement and minority communities, the police remains the second- and third-most-trusted public institution in the United States, according to surveys by Gallup and Pew, respectively.

“We can’t just be onlookers,” the Rev. J. Lawrence Turner told his congregation at the Mississippi Boulevard Christian Church in Memphis on Sunday. “That means we’ve got to have some brave conversations with those who are in leadership. You don’t have to have hate in your heart to hold somebody accountable.”

It requires time and statistics to measure the effectiveness of policy reforms. “While policies matter, the culture and context of the police department and the community it serves are also important factors in police violence,” states a University of Michigan study of police reforms.

One reliable indicator of change is already apparent. The fatigue that for so long was heard only in the pulpits of Black churches now resonates increasingly from the front steps of city halls and police stations in a unison of appeals for inclusive justice.


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.

Despite progress, at times it can seem that inequality is simply inevitable. In this short podcast, the Editor of the Monitor explores a spiritual perspective that offers a powerful basis for progress toward greater equality.


A message of love

Valentyn Ogirenko/Reuters
An image by the street artist Tvboy catches the imagination of Anastasia, a young resident of Bucha, Ukraine, on Jan. 29, 2023. The Italian artist created a number of murals during a visit to Ukraine to offer hope and uplift to residents hard hit by the war.
( The illustrations in today’s Monitor Daily are by Karen Norris. )

A look ahead

That’s a wrap for the news. Tune in tomorrow when we look at why South Korea is considering building its own nuclear bomb. 

More issues

2023
January
30
Monday

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