Jay Newman and Meyrick Chapman in Politico:
There’s no question about it — the United States dollar is under attack.
Finance is prone to fads, and its latest mania is de-dollarization: the notion that the dollar will soon meet its demise as the world’s preeminent reserve currency.
Everyone seems to hate the greenback. China recently crowed about its “triumphant” purchase of an LNG cargo, which was paid for in yuan and traded through China’s Shanghai Petroleum & Natural Gas Exchange. And Brazilian President Luiz Inácio Lula da Silva has called for development of a new currency for BRIC countries — Brazil, Russia, India, China and South Africa — to dethrone the dollar.
Such events attract media attention, of course, but they may just turn out to be sideshows. Of greater import are China’s arbitrary punishment of Deloitte for alleged audit failures, the summary arrest of the Mintz Group’s corporate due diligence team in Beijing and the political corruption that has long plagued Brazil.
In essence, the devil may be hated, but for all the chatter about its death, neither the numbers nor the stories support the hype. And while it’s true that the U.S. government does itself no favors by applying economic sanctions indiscriminately, spending profligately and printing money, in the immediate future, there’s no replacing the dollar and the institutions that go along with it.
More here.

Marco D’Eramo in Sidecar:
Yoga depicts Carrère’s third major depressive crisis. His first followed the success of his fifth novel, The Moustache (1986) from which he recovered by writing a biography of Phillip K Dick. His breakthrough work came in 1993 when he was drawn to the case of Jean-Claude Romand, who had pretended he was a doctor at the World Health Organisation for eighteen years, and on the cusp of having his fraud exposed, murdered his entire family. Carrère had no idea when he followed the journalistic throng to Romand’s little French village just how many years he’d spend trying to narrativize the murders in the style of Capote’s In Cold Blood. But how to do it? He didn’t want his intrusive ‘I’ to appear on the page, drawing attention to itself. Not yet, anyway. The author should be everywhere present but nowhere visible, Flaubert, one of his role models, had proclaimed. After seven years of bashing his head against Capote, he gave up and sought closure by writing a conversational letter to himself about all he’d been through.
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Though many gaps in the story remain, the emerging evidence suggests clothing really had two origins: first for biological needs, then cultural. Archaeologists who study the Paleolithic or Stone Age
On December 1, 2021, I tweeted: «Earlier this year I argued that we are living in a golden age of popular criticism. To prove my point … here’s the tip of the iceberg: my list of 21 of the best essays, reviews, and criticism published in 2021.»
Beginning as early as the 1970s, astronomers noticed something funny going on with the galaxies in our nearby patch of the Universe. There was the usual and expected Hubble flow, the general recession of galaxies driven by the overall expansion of the Universe. But there seemed to be some vague directionality on top of that, as if all of the galaxies near us were also heading toward the same focal point.
For almost two decades, Peter Turchin has been involved, with many colleagues and co-authors, in an epochal project: to figure out, using quantifiable evidence, what are the forces that lead to the rise, and more importantly, to the decline of nations, political turbulence and decay, and revolutions. This has resulted in the creation of an enormous database (CrisisDB) covering multitude of nations and empires over centuries, and several volumes of Turchin’s writings (e.g.,
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Describe your ideal reading experience (when, where, what, how).
They told me they couldn’t offer me an interview with her at this time. Fine by me—I didn’t want to talk to her anyway. She talks a lot and doesn’t say much. A Financial Times profile published on the occasion of her fiftieth birthday suggested we have her to thank for spirulina, celebrity skin care lines, the good divorce, blended families, sex positivity, and dry skin brushing (just what it sounds like). I’ve also heard she made yoga happen. This is all obviously ridiculous, flatly ahistorical, except maybe the celebrity skin care line thing, but that doesn’t matter—even if someone thinks she’s done more harm than good, and that a lot of it is an upscale scam, they will comment, wearily, pragmatically, just a little bit enviously, that you have to respect it, don’t you, what she’s done. She has successfully integrated her imperial wellness company into American life. Memories of a time when gut health wasn’t something you discussed at parties are distant. Moms are microdosing. Vulnerability reigns. The countervailing spirit of resistance to quackery and “fake news” that characterized the Trump era is over, and eggs made of jade that you’re supposed to put in your vagina are still for sale. Everybody knows about the vagina eggs. The elderly know about them. People from Belgium know about them. What comes next, epochally, is still unclear. In the meantime, she has been, for some reason, partnering with a cruise line.
Anyone who’s grappled with jumbled headphones knows the difficulty of disentangling snarled cords. A tight knot is nothing for a California blackworm, however. These tiny worms twist together by the thousands to form tightly packed blobs reminiscent of a forkful of squirming spaghetti. While these tangles take minutes to form, intertwined blackworms can wriggle free in a matter of milliseconds. Now scientists have finally straightened out how these legless escape artists use only a simple collection of muscles and neurons to
For the millions who were enraged, disgusted, and shocked by the Capitol riots of January 6, the enduring object of skepticism has been not so much the lie that provoked the riots but the believers themselves. A year out, and book publishers confirmed this, releasing titles that addressed the question still addling public consciousness: How can people believe this shit? A minority of rioters at the Capitol had nefarious intentions rooted in authentic ideology, but most of them conveyed no purpose other than to announce to the world that they believed — specifically, that the 2020 election was hijacked through an international conspiracy — and that nothing could sway their confidence. This belief possessed them, not the other way around.
Whenever I leave my Berlin apartment, the first thing I see is a sign saying CHICKEN HAUS BURGER; the second is a café blackboard announcing: « You can’t buy happiness but you can buy CROIFFLE and that’s kind of the same thing. » A billboard advertises an upcoming film as « ein STATEMENT für GIRLPOWER »; one shop promises a wide range of Funsocken. Rather more disturbing — particularly here in Neukölln, a neighbourhood copiously populated by leftie Americans and families from the Middle East — is the Arabic-German barber shop called WHITE BOSS. And when I go downtown to the bookstore where I occasionally host readings, the only good coffee nearby is served by a place unbelievably named PURE ORIGINS.
Suppose a large inbound asteroid were discovered, and we learned that half of all astronomers gave it at least 10% chance of causing human extinction, just as a similar asteroid exterminated the dinosaurs about 66 million years ago. Since we have such a long history of thinking about this threat and what to do about it, from scientific conferences to Hollywood blockbusters, you might expect humanity to shift into high gear with a deflection mission to steer it in a safer direction.