Dana Blankenhorn

Subscribe at Substack

This blog is now available at Substack, where you can subscribe to have it delivered to you. 

Bad News is Good News

A few weeks ago, I noted how the “bad news” at Snap, Twitter and other social media companies can easily be interpreted as good news.. If people are no longer interested in rage tweeting, they could be becoming more thoughtful. They could be reserving judgment. They could have found real lives.

The same is true, doubly so, with the recent “problems” at chip stocks like Nvidia, Micron and Qualcomm. Prices for commodity chips are falling. The “chip shortage” is easing. In the near term it means lower profits for big chip companies. Sell, sell, sell.

But it also means falling prices and more supply for companies that use chips. It means car prices could start declining. It means the Machine Internet can get a fresh start.

Revenge of the Norms

For months liberals have been screaming at Merrick Garland to DO SOMETHING about Donald Trump.

For months liberals have been expressing disappointment with Joe Biden over a lack of action on his agenda.

Whether you’re of the left or the right, the democratic and societal norms that restrict action are frustrating. I’ve been unhappy about it too.

This week, the norms struck back. Garland approved the search at Mar-a-Lago and offered to justify it with court documents. Biden got at least part of his agenda passed.

WFH

Malcolm Gladwell pulled the latest edition of his Revisionist History podcast, called Confessions of a CEO, after an outcry over his attitude toward working from home.

He’s against it.

I have worked from home for nearly 40 years. My wife has done it full-time since the pandemic started. That doesn’t mean I don’t understand where he’s coming from.

There are many jobs you can’t do from home. Factory jobs. Food jobs. Lab jobs. If you’re the one taking care of the cloud, you must go to the data center.

But for what the 20^th century called “office work,” it’s stupid. We have laptops. We have phones. Who cares where they are? If you must bring people together, for team-building or making decisions, you have an obligation to make it fun, and make it rare. If you want people to come into your store, make sure you deliver personal service and a buying experience they can’t get online.

The Straight Ticket Election

Senate passage of the Inflation Reduction Act was the final act of political policy season. It was the opening of campaign season.

Midterms are usually a verdict on the President, a simple game of inside vs. outside. That’s not true this time. Both parties have done things and it makes both parties incumbents. Republicans hold most state houses and the courts. Democrats hold the Presidency and the Congress. It’s finely balanced.

Both parties are also more united than at any time in American history. There once were liberal Republicans. There once were conservative Democrats. This is a straight ticket election.