<div dir="ltr"><div class="gmail_default" style="font-family:comic sans ms,sans-serif;font-size:large;color:#000000">bill w - economics and Italy - column by Krugman</div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">---------- Forwarded message ---------<br>From: <strong class="gmail_sendername" dir="auto">Paul Krugman</strong> <span dir="auto"><<a href="mailto:nytdirect@nytimes.com">nytdirect@nytimes.com</a>></span><br>Date: Tue, Sep 8, 2020 at 11:30 AM<br>Subject: G.D.P. and the meaning of life<br>To:  <<a href="mailto:foozler83@gmail.com">foozler83@gmail.com</a>><br></div><br><br><u></u><div>
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<div style="display:none;font-size:1px;color:#fff;line-height:1px;max-height:0;max-width:0;opacity:0;overflow:hidden">Money can’t buy happiness, especially if you’re American.</div><div><table width="100%" align="left" border="0" style="margin:0" bgcolor="#FFFFFF"><tbody><tr><td id="m_2416547756608383974EMAIL_CONTAINER" align="left" width="100%"><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr style="width:100%"><td style="padding:15px 0 5px;border-bottom:1px solid #dcdcdc;text-align:center;width:100%"><div style="font-family:arial,sans-serif;font-size:12px;text-align:center;width:100%;padding-bottom:10px"><a href="https://nl.nytimes.com/f/a/9DEyCebWIJY23kT2VK-95w~~/AAAAAQA~/RgRhOjanP4QnAWh0dHBzOi8vbWVzc2FnaW5nLWN1c3RvbS1uZXdzbGV0dGVycy5ueXRpbWVzLmNvbS90ZW1wbGF0ZS9vYWt2Mj9jYW1wYWlnbl9pZD0xMTYmZW1jPWVkaXRfcGtfMjAyMDA5MDgmaW5zdGFuY2VfaWQ9MjE5OTkmbmw9cGF1bC1rcnVnbWFuJnByb2R1Y3RDb2RlPVBLJnJlZ2lfaWQ9NjQxNTk3NzYmc2VnbWVudF9pZD0zNzYwMCZ0ZT0xJnVyaT1ueXQlM0ElMkYlMkZuZXdzbGV0dGVyJTJGYTRmMWVhOGUtYjkxMS01MWM0LWEyYTMtZGI5YzA2ZDlhNmVjJnVzZXJfaWQ9NWU3MTEzOWI3OWFiMTQzM2QwNzcxMGQ4Zjg4MzU2YzhXA255dEIKAEGnsVdfzDKk2FITZm9vemxlcjgzQGdtYWlsLmNvbVgEAAAAAA~~" alt="View in browser" style="color:#666;text-decoration:none;line-height:18px" target="_blank">View in browser</a><span style="color:#dcdcdc;margin:0 10px">|</span><a href="https://nl.nytimes.com/f/a/X93r8qzMkXCaC-fmsbXgfg~~/AAAAAQA~/RgRhOjanP0SvaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vP2NhbXBhaWduX2lkPTExNiZlbWM9ZWRpdF9wa18yMDIwMDkwOCZpbnN0YW5jZV9pZD0yMTk5OSZubD1wYXVsLWtydWdtYW4mcmVnaV9pZD02NDE1OTc3NiZzZWdtZW50X2lkPTM3NjAwJnRlPTEmdXNlcl9pZD01ZTcxMTM5Yjc5YWIxNDMzZDA3NzEwZDhmODgzNTZjOFcDbnl0QgoAQaexV1_MMqTYUhNmb296bGVyODNAZ21haWwuY29tWAQAAAAA" alt="The New York Times" style="color:#666;text-decoration:none;line-height:18px" target="_blank">nytimes.com</a></div><a href="#m_2416547756608383974_a11y-skip-ad-marquee" style="display:block;width:1px;height:1px;max-height:1px;overflow:hidden;color:transparent">Continue reading the main story</a><br></td></tr><tr style="width:100%" id="m_2416547756608383974_a11y-skip-ad-marquee"><td class="m_2416547756608383974css-e902px" style="border-bottom:1px solid #cecece;padding:25px 0 20px;width:100%;text-align:center" width="100%" align="center"><div class="m_2416547756608383974css-1nu1ipb" style="margin-bottom:15px"><a href="https://nl.nytimes.com/f/a/LWSH0GgkCmXriszPCjD6Hw~~/AAAAAQA~/RgRhOjanP0TCaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vY29sdW1uL3BhdWwta3J1Z21hbj9jYW1wYWlnbl9pZD0xMTYmZW1jPWVkaXRfcGtfMjAyMDA5MDgmaW5zdGFuY2VfaWQ9MjE5OTkmbmw9cGF1bC1rcnVnbWFuJnJlZ2lfaWQ9NjQxNTk3NzYmc2VnbWVudF9pZD0zNzYwMCZ0ZT0xJnVzZXJfaWQ9NWU3MTEzOWI3OWFiMTQzM2QwNzcxMGQ4Zjg4MzU2YzhXA255dEIKAEGnsVdfzDKk2FITZm9vemxlcjgzQGdtYWlsLmNvbVgEAAAAAA~~" alt="Paul Krugman" target="_blank"><img src="https://static01.nytimes.com/email-images/New_Headers/NYT-Headers-OP-PaulKrugman%402x.png" alt="Paul Krugman" style="width:300px" width="300"></a></div><p style="width:100%;margin-bottom:0;font:12px/12px georgia,serif;letter-spacing:.5px">September 8, 2020</p></td></tr><tr style="height:20px"></tr></tbody></table></div><div style="margin:0 auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0;padding:0;text-align:left"><table width="100%" cellspacing="0" cellpadding="0" style="border-spacing:0;font-family:arial,sans-serif;color:#333;padding:0;background:#fff"><tbody><tr><td style="width:100%;padding:0;line-height:1" width="100%"></td></tr><tr><td class="m_2416547756608383974css-185vw4z" style="text-align:left;width:100%;padding-top:8px;padding-bottom:10px;line-height:14px" width="100%" align="left"><span><span class="m_2416547756608383974css-17d0bbs" style="margin:0;font:normal 14px georgia,serif;color:#666">People wait in line for food donations in Queens, NY.</span><span class="m_2416547756608383974css-bqptp2" style="margin:0;font:normal 11px georgia,serif;padding-left:5px;color:#888;letter-spacing:.01em">John Minchillo/Associated Press</span></span></td></tr></tbody></table></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0;padding:0;text-align:left"><table cellpadding="0" cellspacing="0"><tbody><tr><td style="padding:0 9px 15px 0;vertical-align:middle" valign="middle"><a href="https://nl.nytimes.com/f/a/eOelPNZ6R4_IVOv4fyClsQ~~/AAAAAQA~/RgRhOjanP0S-aHR0cHM6Ly93d3cubnl0aW1lcy5jb20vYnkvcGF1bC1rcnVnbWFuP2NhbXBhaWduX2lkPTExNiZlbWM9ZWRpdF9wa18yMDIwMDkwOCZpbnN0YW5jZV9pZD0yMTk5OSZubD1wYXVsLWtydWdtYW4mcmVnaV9pZD02NDE1OTc3NiZzZWdtZW50X2lkPTM3NjAwJnRlPTEmdXNlcl9pZD01ZTcxMTM5Yjc5YWIxNDMzZDA3NzEwZDhmODgzNTZjOFcDbnl0QgoAQaexV1_MMqTYUhNmb296bGVyODNAZ21haWwuY29tWAQAAAAA" target="_blank"><img src="https://static01.nyt.com/images/2018/04/02/opinion/paul-krugman/paul-krugman-blogSmallThumb.png" alt="Author Headshot" style="width:45px;height:45px;border-radius:100%" width="45" height="45"></a></td><td style="padding:0 0 15px 0;vertical-align:middle" valign="middle"><p style="font:13px/18px arial,sans-serif;letter-spacing:.2px;color:#000;margin-bottom:0;font:600 13px/18px arial,sans-serif">By <a href="https://nl.nytimes.com/f/a/eOelPNZ6R4_IVOv4fyClsQ~~/AAAAAQA~/RgRhOjanP0S-aHR0cHM6Ly93d3cubnl0aW1lcy5jb20vYnkvcGF1bC1rcnVnbWFuP2NhbXBhaWduX2lkPTExNiZlbWM9ZWRpdF9wa18yMDIwMDkwOCZpbnN0YW5jZV9pZD0yMTk5OSZubD1wYXVsLWtydWdtYW4mcmVnaV9pZD02NDE1OTc3NiZzZWdtZW50X2lkPTM3NjAwJnRlPTEmdXNlcl9pZD01ZTcxMTM5Yjc5YWIxNDMzZDA3NzEwZDhmODgzNTZjOFcDbnl0QgoAQaexV1_MMqTYUhNmb296bGVyODNAZ21haWwuY29tWAQAAAAA" class="m_2416547756608383974css-14hp9bh" style="color:inherit;text-decoration:none;border-bottom:1px solid #ccc" target="_blank">Paul Krugman</a></p><p style="font:13px/18px arial,sans-serif;letter-spacing:.2px;color:#000;margin-bottom:0">Opinion Columnist</p></td></tr></tbody></table></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">“I’ve been rich and I’ve been poor,” said Mae West. “Believe me, rich is better.” Words of wisdom. But getting richer doesn’t necessarily improve your life as much as you’d expect, and what goes for individuals goes double for societies.</p></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px"><a href="https://nl.nytimes.com/f/newsletter/Z88OwJMr2nKIZQT0MznSPw~~/AAAAAQA~/RgRhOjanP4QFAWh0dHBzOi8vd3d3Lm55dGltZXMuY29tLzIwMjAvMDkvMDcvb3Bpbmlvbi90cnVtcC1lY29ub215LWpvYnMuaHRtbD9hY3Rpb249Y2xpY2smY2FtcGFpZ25faWQ9MTE2JmVtYz1lZGl0X3BrXzIwMjAwOTA4Jmluc3RhbmNlX2lkPTIxOTk5Jm1vZHVsZT1PcGluaW9uJm5sPXBhdWwta3J1Z21hbiZwZ3R5cGU9SG9tZXBhZ2UmcmVnaV9pZD02NDE1OTc3NiZzZWdtZW50X2lkPTM3NjAwJnRlPTEmdXNlcl9pZD01ZTcxMTM5Yjc5YWIxNDMzZDA3NzEwZDhmODgzNTZjOFcDbnl0QgoAQaexV1_MMqTYUhNmb296bGVyODNAZ21haWwuY29tWAQAAAAA" class="m_2416547756608383974css-1sybz1k" style="color:#286ed0;border-bottom:1px solid #286ed0;text-decoration:none;font-family:inherit;font-size:inherit" target="_blank">Today’s column</a> was about what’s happening now, with the economy partially recovering from the coronavirus recession but the lives of millions getting sharply worse. Blame for the extreme current disconnect rests squarely with Donald Trump and his party, who have yanked away the safety net that helped many people cope with bad times. But in fairness, this kind of disconnect isn’t new; it has been an increasingly glaring feature of American society for decades.</p></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">By the usual measures, the U.S. economy is highly successful. We have the highest <a href="https://nl.nytimes.com/f/a/LzDLrD-c9sF4mqwz90-XNw~~/AAAAAQA~/RgRhOjanP0TLaHR0cHM6Ly9zdGF0cy5vZWNkLm9yZy9JbmRleC5hc3B4P0RhdGFTZXRDb2RlPVBEQl9MViZjYW1wYWlnbl9pZD0xMTYmZW1jPWVkaXRfcGtfMjAyMDA5MDgmaW5zdGFuY2VfaWQ9MjE5OTkmbmw9cGF1bC1rcnVnbWFuJnJlZ2lfaWQ9NjQxNTk3NzYmc2VnbWVudF9pZD0zNzYwMCZ0ZT0xJnVzZXJfaWQ9NWU3MTEzOWI3OWFiMTQzM2QwNzcxMGQ4Zjg4MzU2YzhXA255dEIKAEGnsVdfzDKk2FITZm9vemxlcjgzQGdtYWlsLmNvbVgEAAAAAA~~" class="m_2416547756608383974css-1sybz1k" style="color:#286ed0;border-bottom:1px solid #286ed0;text-decoration:none;font-family:inherit;font-size:inherit" target="_blank">GDP per capita</a> of any major nation. Before the coronavirus hit, we had low unemployment. Our tech companies alone are worth more than the <a href="https://nl.nytimes.com/f/a/hzlrAhx0ROI9CYVtNVV-cA~~/AAAAAQA~/RgRhOjanP4QDAWh0dHBzOi8vd3d3LmNuYmMuY29tLzIwMjAvMDgvMjgvdXMtdGVjaC1zdG9ja3MtYXJlLW5vdy13b3J0aC1tb3JlLXRoYW4tdGhlLWVudGlyZS1ldXJvcGVhbi1zdG9jay1tYXJrZXQuaHRtbD9jYW1wYWlnbl9pZD0xMTYmZW1jPWVkaXRfcGtfMjAyMDA5MDgmaW5zdGFuY2VfaWQ9MjE5OTkmbmw9cGF1bC1rcnVnbWFuJnJlZ2lfaWQ9NjQxNTk3NzYmc2VnbWVudF9pZD0zNzYwMCZ0ZT0xJnVzZXJfaWQ9NWU3MTEzOWI3OWFiMTQzM2QwNzcxMGQ4Zjg4MzU2YzhXA255dEIKAEGnsVdfzDKk2FITZm9vemxlcjgzQGdtYWlsLmNvbVgEAAAAAA~~" class="m_2416547756608383974css-1sybz1k" style="color:#286ed0;border-bottom:1px solid #286ed0;text-decoration:none;font-family:inherit;font-size:inherit" target="_blank">entire European stock market</a>. We clearly have the means to live la dolce vita.</p></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">But do we actually manage to live good lives? Some of us do. Overall, though, America seems to get much less satisfaction out of its wealth than one might have expected.</p></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">People who make this point often compare us to the Nordic countries, which are success stories by any standard. For today’s newsletter, however, I thought it might be worth comparing us to a country that is widely regarded — indeed, in some respects really is — a failure: Italy.</p></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0;padding:0;text-align:center"> <a href="#m_2416547756608383974_a11y-skip-0" style="display:block;width:1px;height:1px;max-height:1px;overflow:hidden;color:transparent">Continue reading the main story</a></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0;padding:10px 0 25px;text-align:center"><div style="background:#fff;background-color:#fff;margin:0 auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="background:#fff;background-color:#fff;width:100%"><tbody><tr><td style="border-bottom:1px solid #dcdcdc;border-top:1px solid #dcdcdc;direction:ltr;font-size:0;padding:20px 0 20px;text-align:center"><h3 color="#666" class="m_2416547756608383974css-186xeyn" style="font:10px/13px arial,sans-serif;color:#666;letter-spacing:.7px;margin-bottom:5px;margin-top:0;text-align:center">ADVERTISEMENT</h3><br></td></tr></tbody></table></div></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%" id="m_2416547756608383974_a11y-skip-0"><table width="100%"><tbody><tr><td align="left"><p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">A few weeks ago our own Roger Cohen wrote about Italy’s <a href="https://nl.nytimes.com/f/newsletter/KzowGt46YUPq85yn7br5WQ~~/AAAAAQA~/RgRhOjanP0TYaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMC8wOC8xNC9vcGluaW9uL2l0YWx5LWNvcm9uYXZpcnVzLmh0bWw_Y2FtcGFpZ25faWQ9MTE2JmVtYz1lZGl0X3BrXzIwMjAwOTA4Jmluc3RhbmNlX2lkPTIxOTk5Jm5sPXBhdWwta3J1Z21hbiZyZWdpX2lkPTY0MTU5Nzc2JnNlZ21lbnRfaWQ9Mzc2MDAmdGU9MSZ1c2VyX2lkPTVlNzExMzliNzlhYjE0MzNkMDc3MTBkOGY4ODM1NmM4VwNueXRCCgBBp7FXX8wypNhSE2Zvb3psZXI4M0BnbWFpbC5jb21YBAAAAAA~" class="m_2416547756608383974css-1sybz1k" style="color:#286ed0;border-bottom:1px solid #286ed0;text-decoration:none;font-family:inherit;font-size:inherit" target="_blank">remarkable cohesiveness</a> in the face of the coronavirus: after a terrible start, the famously fractious nation pulled itself together, and has done a vastly better job of containing the pandemic than we have. (Soon after writing that column, Roger himself was <a href="https://nl.nytimes.com/f/newsletter/2GXIm5Ugmhlws1UCRFngUA~~/AAAAAQA~/RgRhOjanP0T7aHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMC8wOS8wNC9vcGluaW9uL2Nvcm9uYXZpdXMtZG9uYWxkLXRydW1wLmh0bWw_Y2FtcGFpZ25faWQ9MTE2JmVtYz1lZGl0X3BrXzIwMjAwOTA4Jmluc3RhbmNlX2lkPTIxOTk5Jm5sPXBhdWwta3J1Z21hbiZyZWZlcnJpbmdTb3VyY2U9YXJ0aWNsZVNoYXJlJnJlZ2lfaWQ9NjQxNTk3NzYmc2VnbWVudF9pZD0zNzYwMCZ0ZT0xJnVzZXJfaWQ9NWU3MTEzOWI3OWFiMTQzM2QwNzcxMGQ4Zjg4MzU2YzhXA255dEIKAEGnsVdfzDKk2FITZm9vemxlcjgzQGdtYWlsLmNvbVgEAAAAAA~~" class="m_2416547756608383974css-1sybz1k" style="color:#286ed0;border-bottom:1px solid #286ed0;text-decoration:none;font-family:inherit;font-size:inherit" target="_blank">diagnosed with Covid-19</a>: let’s all wish him the best.)</p></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">The thing is, among those who study international economics, Italy is best known as a cautionary tale of economic failure. For reasons that are endlessly debated, it somehow seems to have missed out on the information technology revolution. Its economy has stagnated for decades. Incredibly, Italy’s real GDP per capita on the eve of the pandemic was lower than it had been in 2000, even as the same measure rose 25 percent in the U.S.:</p></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0;padding:0;text-align:left"><table width="100%" cellspacing="0" cellpadding="0" style="border-spacing:0;font-family:arial,sans-serif;color:#333;padding:0;background:#fff"><tbody><tr><td style="width:100%;padding:0;line-height:1" width="100%"><img src="https://static01.nyt.com/images/2020/09/08/opinion/080920krugman1/080920krugman1-articleLarge.png" class="m_2416547756608383974css-1pzpqwd" style="display:block;width:100%;height:auto;padding-top:10px;padding-bottom:0"></td></tr><tr><td class="m_2416547756608383974css-185vw4z" style="text-align:left;width:100%;padding-top:8px;padding-bottom:10px;line-height:14px" width="100%" align="left"><span><span class="m_2416547756608383974css-17d0bbs" style="margin:0;font:normal 14px georgia,serif;color:#666">Italy’s stagnation.</span><span class="m_2416547756608383974css-bqptp2" style="margin:0;font:normal 11px georgia,serif;padding-left:5px;color:#888;letter-spacing:.01em">World Bank</span></span></td></tr></tbody></table></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">But there’s more to life than money. To take just one crude example, one thing you surely have to do in order to live a good life is, well, not die. And that’s one area in which Italians have been outperforming Americans by an ever-widening margin. In the mid-1980s, the two nations had roughly the same life expectancy. These days Italians can expect to live around 4 ½ years longer:</p></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0;padding:0;text-align:center"> <a href="#m_2416547756608383974_a11y-skip-1" style="display:block;width:1px;height:1px;max-height:1px;overflow:hidden;color:transparent">Continue reading the main story</a></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0;padding:10px 0 25px;text-align:center"><div style="background:#fff;background-color:#fff;margin:0 auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="background:#fff;background-color:#fff;width:100%"><tbody><tr><td style="border-bottom:1px solid #dcdcdc;border-top:1px solid #dcdcdc;direction:ltr;font-size:0;padding:20px 0 20px;text-align:center"><h3 color="#666" class="m_2416547756608383974css-186xeyn" style="font:10px/13px arial,sans-serif;color:#666;letter-spacing:.7px;margin-bottom:5px;margin-top:0;text-align:center">ADVERTISEMENT</h3><span style="width:100%;text-align:center"><table border="0" cellpadding="0" cellspacing="0" style="margin:0 auto"><tbody><tr><td colspan="2"><br></td></tr><tr><td align="left"><a href="https://nl.nytimes.com/f/a/1HfBKadQWfPL5pe-sH24Sg~~/AAAAAQA~/RgRhOjanP0RtaHR0cHM6Ly9saXZlaW50ZW50Lm5ld3lvcmt0aW1lc2luZm8uY29tL2NsaWNrP3M9NzAyMjMwJmxpPVBLJm09NWU3MTEzOWI3OWFiMTQzM2QwNzcxMGQ4Zjg4MzU2YzgmcD1QS18yMDIwMDkwOFcDbnl0QgoAQaexV1_MMqTYUhNmb296bGVyODNAZ21haWwuY29tWAQAAAAA" rel="nofollow" target="_blank"><img src="https://liveintent.newyorktimesinfo.com/imp?s=702230&li=PK&m=5e71139b79ab1433d07710d8f88356c8&p=PK_20200908" border="0"></a></td><td align="right"><a href="https://nl.nytimes.com/f/a/dPuMsG7layYqL-J3MadFnw~~/AAAAAQA~/RgRhOjanP0RtaHR0cHM6Ly9saXZlaW50ZW50Lm5ld3lvcmt0aW1lc2luZm8uY29tL2NsaWNrP3M9NzAyMjI4JmxpPVBLJm09NWU3MTEzOWI3OWFiMTQzM2QwNzcxMGQ4Zjg4MzU2YzgmcD1QS18yMDIwMDkwOFcDbnl0QgoAQaexV1_MMqTYUhNmb296bGVyODNAZ21haWwuY29tWAQAAAAA" rel="nofollow" target="_blank"><img src="https://liveintent.newyorktimesinfo.com/imp?s=702228&li=PK&m=5e71139b79ab1433d07710d8f88356c8&p=PK_20200908" border="0"></a></td></tr></tbody></table></span></td></tr></tbody></table></div></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px" id="m_2416547756608383974_a11y-skip-1"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0;padding:0;text-align:left"><table width="100%" cellspacing="0" cellpadding="0" style="border-spacing:0;font-family:arial,sans-serif;color:#333;padding:0;background:#fff"><tbody><tr><td style="width:100%;padding:0;line-height:1" width="100%"><img src="https://static01.nyt.com/images/2020/09/08/opinion/080920krugman2/080920krugman2-articleLarge.png" class="m_2416547756608383974css-1pzpqwd" style="display:block;width:100%;height:auto;padding-top:10px;padding-bottom:0"></td></tr><tr><td class="m_2416547756608383974css-185vw4z" style="text-align:left;width:100%;padding-top:8px;padding-bottom:10px;line-height:14px" width="100%" align="left"><span><span class="m_2416547756608383974css-17d0bbs" style="margin:0;font:normal 14px georgia,serif;color:#666">Life is better when you aren’t dead</span><span class="m_2416547756608383974css-bqptp2" style="margin:0;font:normal 11px georgia,serif;padding-left:5px;color:#888;letter-spacing:.01em">OECD</span></span></td></tr></tbody></table></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">OK, I don’t want to speculate on the hidden strengths of Italian society. But the weaknesses of American society, despite our national wealth, are obvious: Extreme inequality, including racial inequality on a scale whites can find hard to comprehend. A weak social safety net, including a unique failure among advanced countries to guarantee universal health care. Terrible work-life balance, with far less vacation and family time than a wealthy nation should have.</p></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">And a personal, informal observation: Trump is an extreme case, but we are a nation obsessed with the notion of winners and losers. The nature of my various careers has brought me into contact with a number of extremely successful people, in various walks in life, and what always strikes me is how insecure many of them are, because there’s always another money manager who makes even more billions or another professor who’s won even more prizes.</p></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0;padding:0;text-align:center"> <a href="#m_2416547756608383974_a11y-skip-2" style="display:block;width:1px;height:1px;max-height:1px;overflow:hidden;color:transparent">Continue reading the main story</a></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0;padding:10px 0 25px;text-align:center"><div style="background:#fff;background-color:#fff;margin:0 auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="background:#fff;background-color:#fff;width:100%"><tbody><tr><td style="border-bottom:1px solid #dcdcdc;border-top:1px solid #dcdcdc;direction:ltr;font-size:0;padding:20px 0 20px;text-align:center"><h3 color="#666" class="m_2416547756608383974css-186xeyn" style="font:10px/13px arial,sans-serif;color:#666;letter-spacing:.7px;margin-bottom:5px;margin-top:0;text-align:center">ADVERTISEMENT</h3><br></td></tr></tbody></table></div></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%" id="m_2416547756608383974_a11y-skip-2"><table width="100%"><tbody><tr><td align="left"><p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">Imagine what this kind of competitive mentality does to people who <span style="font-style:italic;font-size:inherit">aren’t</span> objectively successful, who — usually through no fault of their own — have been stranded by economic or social change.</p></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">Of course, I’m far from the first person to make observations like this. Still, maybe this strange, ugly time in America will help teach us some lessons about building a better society once the pandemic is over.</p></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td style="padding-bottom:15px"></td></tr><tr><td style="padding-bottom:25px;border-top:1px solid #dcdcdc"></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><h2 class="m_2416547756608383974css-1nocmvr" style="color:#000;font:400 27.5px/37.5px georgia,serif;margin:0 0 15px">Quick Hits</h2></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">Italy’s <a href="https://nl.nytimes.com/f/a/CZbxxYlH-RBJACZA9gPrRQ~~/AAAAAQA~/RgRhOjanP0TLaHR0cHM6Ly92b3hldS5vcmcvYXJ0aWNsZS9kaWFnbm9zaW5nLWl0YWxpYW4tZGlzZWFzZT9jYW1wYWlnbl9pZD0xMTYmZW1jPWVkaXRfcGtfMjAyMDA5MDgmaW5zdGFuY2VfaWQ9MjE5OTkmbmw9cGF1bC1rcnVnbWFuJnJlZ2lfaWQ9NjQxNTk3NzYmc2VnbWVudF9pZD0zNzYwMCZ0ZT0xJnVzZXJfaWQ9NWU3MTEzOWI3OWFiMTQzM2QwNzcxMGQ4Zjg4MzU2YzhXA255dEIKAEGnsVdfzDKk2FITZm9vemxlcjgzQGdtYWlsLmNvbVgEAAAAAA~~" class="m_2416547756608383974css-1sybz1k" style="color:#286ed0;border-bottom:1px solid #286ed0;text-decoration:none;font-family:inherit;font-size:inherit" target="_blank">economic disease</a>.</p></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">Italy’s <a href="https://nl.nytimes.com/f/a/85-3kR8BHVM0N7t2VdD_oQ~~/AAAAAQA~/RgRhOjanP4SNAWh0dHBzOi8vb3Vyd29ybGRpbmRhdGEub3JnL2Nvcm9uYXZpcnVzLWRhdGEtZXhwbG9yZXI_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~~" class="m_2416547756608383974css-1sybz1k" style="color:#286ed0;border-bottom:1px solid #286ed0;text-decoration:none;font-family:inherit;font-size:inherit" target="_blank">pandemic success</a>.</p></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">“<a href="https://nl.nytimes.com/f/a/h7Ib_yFKBmddhEdD-fsu8g~~/AAAAAQA~/RgRhOjanP0TMaHR0cHM6Ly9vdXJ3b3JsZGluZGF0YS5vcmcvZXhlbXBsYXJzLWluLWdsb2JhbC1oZWFsdGg_Y2FtcGFpZ25faWQ9MTE2JmVtYz1lZGl0X3BrXzIwMjAwOTA4Jmluc3RhbmNlX2lkPTIxOTk5Jm5sPXBhdWwta3J1Z21hbiZyZWdpX2lkPTY0MTU5Nzc2JnNlZ21lbnRfaWQ9Mzc2MDAmdGU9MSZ1c2VyX2lkPTVlNzExMzliNzlhYjE0MzNkMDc3MTBkOGY4ODM1NmM4VwNueXRCCgBBp7FXX8wypNhSE2Zvb3psZXI4M0BnbWFpbC5jb21YBAAAAAA~" class="m_2416547756608383974css-1sybz1k" style="color:#286ed0;border-bottom:1px solid #286ed0;text-decoration:none;font-family:inherit;font-size:inherit" target="_blank">Incomes matter</a>, but …”</p></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">Drowning in joblessness, <a href="https://nl.nytimes.com/f/a/rXaWPW53zKHx2Ii0qI6aIA~~/AAAAAQA~/RgRhOjanP0T-aHR0cHM6Ly9ueW1hZy5jb20vaW50ZWxsaWdlbmNlci8yMDIwLzA4L2FtaWQtbWFzcy11bmVtcGxveW1lbnQtdS1zLWhvdXNlaG9sZHMtYXJlLXJpY2hlci10aGFuLWV2ZXIuaHRtbD9jYW1wYWlnbl9pZD0xMTYmZW1jPWVkaXRfcGtfMjAyMDA5MDgmaW5zdGFuY2VfaWQ9MjE5OTkmbmw9cGF1bC1rcnVnbWFuJnJlZ2lfaWQ9NjQxNTk3NzYmc2VnbWVudF9pZD0zNzYwMCZ0ZT0xJnVzZXJfaWQ9NWU3MTEzOWI3OWFiMTQzM2QwNzcxMGQ4Zjg4MzU2YzhXA255dEIKAEGnsVdfzDKk2FITZm9vemxlcjgzQGdtYWlsLmNvbVgEAAAAAA~~" class="m_2416547756608383974css-1sybz1k" style="color:#286ed0;border-bottom:1px solid #286ed0;text-decoration:none;font-family:inherit;font-size:inherit" target="_blank">swimming in cash</a>.</p></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td style="padding-bottom:15px"></td></tr><tr><td style="padding-bottom:25px;border-top:1px solid #dcdcdc"></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><h3 class="m_2416547756608383974css-18prcb2" style="margin:0 0 1px;font:bold 18px/25px georgia,serif;color:#000"><span style="font-weight:700;font-size:inherit">Feedback</span></h3></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">If you’re enjoying what you’re reading, please consider recommending it to friends. <a href="https://nl.nytimes.com/f/a/Iehflus9XKkKouH7NcoMVQ~~/AAAAAQA~/RgRhOjanP0ToaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vbmV3c2xldHRlcnMvcGF1bC1rcnVnbWFuP2NhbXBhaWduX2lkPTExNiZlbWM9ZWRpdF9wa18yMDE5MDYxOCZlbWM9ZWRpdF9wa18yMDIwMDkwOCZpbnN0YW5jZV9pZD0yMTk5OSZubD10YmQmbmw9cGF1bC1rcnVnbWFuJnJlZ2lfaWQ9NjQxNTk3NzYmc2VnbWVudF9pZD0zNzYwMCZ0ZT0xJnRlPTEmdXNlcl9pZD01ZTcxMTM5Yjc5YWIxNDMzZDA3NzEwZDhmODgzNTZjOFcDbnl0QgoAQaexV1_MMqTYUhNmb296bGVyODNAZ21haWwuY29tWAQAAAAA" class="m_2416547756608383974css-1sybz1k" style="color:#286ed0;border-bottom:1px solid #286ed0;text-decoration:none;font-family:inherit;font-size:inherit" target="_blank">They can sign up here</a>. If you want to share your thoughts on an item in this week’s newsletter or on the newsletter in general, please email me at <a href="mailto:krugman-newsletter@nytimes.com?subject=Paul%20Krugman%20Newsletter%20Feedback" class="m_2416547756608383974css-1sybz1k" style="color:#286ed0;border-bottom:1px solid #286ed0;text-decoration:none;font-family:inherit;font-size:inherit" target="_blank">krugman-newsletter@nytimes.com</a>.</p></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td style="padding-bottom:15px"></td></tr><tr><td style="padding-bottom:25px;border-top:1px solid #dcdcdc"></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><h2 class="m_2416547756608383974css-1nocmvr" style="color:#000;font:400 27.5px/37.5px georgia,serif;margin:0 0 15px">Facing the Music</h2></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0;padding:0;text-align:left"><table width="100%" cellspacing="0" cellpadding="0" style="border-spacing:0;font-family:arial,sans-serif;color:#333;padding:0;background:#fff"><tbody><tr><td style="width:100%;padding:0;line-height:1" width="100%"><img src="https://static01.nyt.com/images/2020/09/08/opinion/080920krugman3/080920krugman3-articleLarge.png" class="m_2416547756608383974css-1pzpqwd" style="display:block;width:100%;height:auto;padding-top:10px;padding-bottom:0"></td></tr><tr><td class="m_2416547756608383974css-185vw4z" style="text-align:left;width:100%;padding-top:8px;padding-bottom:10px;line-height:14px" width="100%" align="left"><span><span class="m_2416547756608383974css-17d0bbs" style="margin:0;font:normal 14px georgia,serif;color:#666">Life at the top isn’t always great</span><span class="m_2416547756608383974css-bqptp2" style="margin:0;font:normal 11px georgia,serif;padding-left:5px;color:#888;letter-spacing:.01em">YouTube</span></span></td></tr></tbody></table></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">Cole Porter <a href="https://nl.nytimes.com/f/a/Qq73JTKqqVSKQWh6oyJDKQ~~/AAAAAQA~/RgRhOjanP0TCaHR0cHM6Ly93d3cueW91dHViZS5jb20vd2F0Y2g_Y2FtcGFpZ25faWQ9MTE2JmVtYz1lZGl0X3BrXzIwMjAwOTA4Jmluc3RhbmNlX2lkPTIxOTk5Jm5sPXBhdWwta3J1Z21hbiZyZWdpX2lkPTY0MTU5Nzc2JnNlZ21lbnRfaWQ9Mzc2MDAmdGU9MSZ1c2VyX2lkPTVlNzExMzliNzlhYjE0MzNkMDc3MTBkOGY4ODM1NmM4JnY9anoyRG9qS0U2WTBXA255dEIKAEGnsVdfzDKk2FITZm9vemxlcjgzQGdtYWlsLmNvbVgEAAAAAA~~" class="m_2416547756608383974css-1sybz1k" style="color:#286ed0;border-bottom:1px solid #286ed0;text-decoration:none;font-family:inherit;font-size:inherit" target="_blank">got it</a>.</p></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0;padding:0;text-align:left"><table style="width:100%;margin-top:15px"><tbody><tr><td style="border-top:2px solid #000;padding-top:7px"><p class="m_2416547756608383974css-5d8u02" style="letter-spacing:.4px;font:bold 17px/25px arial,sans-serif;color:#000;margin-bottom:15px">IN THE TIMES</p></td></tr></tbody></table><div style="margin:0 auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="border-bottom:1px solid #dcdcdc;direction:ltr;font-size:0;padding:5px 0 30px;text-align:center"><table width="100%"><tbody><tr><td class="m_2416547756608383974css-11oa0x7" style="text-align:left;vertical-align:top;width:495px" width="495" align="left" valign="top"><a href="https://nl.nytimes.com/f/newsletter/KBqzDxgAtlE60dEsIporDA~~/AAAAAQA~/RgRhOjanP0TlaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMC8wOS8wNy9idXNpbmVzcy9zdGF0ZS1idWRnZXRzLWNvcm9uYXZpcnVzLWFpZC5odG1sP2NhbXBhaWduX2lkPTExNiZlbWM9ZWRpdF9wa18yMDIwMDkwOCZpbnN0YW5jZV9pZD0yMTk5OSZubD1wYXVsLWtydWdtYW4mcmVnaV9pZD02NDE1OTc3NiZzZWdtZW50X2lkPTM3NjAwJnRlPTEmdXNlcl9pZD01ZTcxMTM5Yjc5YWIxNDMzZDA3NzEwZDhmODgzNTZjOFcDbnl0QgoAQaexV1_MMqTYUhNmb296bGVyODNAZ21haWwuY29tWAQAAAAA" style="text-decoration:none" target="_blank"><h3 class="m_2416547756608383974css-1tpar6d" style="font:normal 25px/30px georgia,serif;color:#000;margin:0 0 7px">With Washington Deadlocked on Aid, States Face Dire Fiscal Crises</h3><p class="m_2416547756608383974css-1nqwuc3" style="font:16px/20px georgia,serif;color:#333;margin-bottom:0">Local officials are slashing funding for everything from education and health care to orchestra subsidies.</p><p class="m_2416547756608383974css-17t7w24" style="letter-spacing:.4px;font:600 13px/18px arial,sans-serif;margin-bottom:0;margin-top:10px;color:#000">By Mary Williams Walsh</p></a></td><td class="m_2416547756608383974css-1rv3zph" style="vertical-align:top;padding:0 0 0 15px" valign="top"><a href="https://nl.nytimes.com/f/newsletter/KBqzDxgAtlE60dEsIporDA~~/AAAAAQA~/RgRhOjanP0TlaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMC8wOS8wNy9idXNpbmVzcy9zdGF0ZS1idWRnZXRzLWNvcm9uYXZpcnVzLWFpZC5odG1sP2NhbXBhaWduX2lkPTExNiZlbWM9ZWRpdF9wa18yMDIwMDkwOCZpbnN0YW5jZV9pZD0yMTk5OSZubD1wYXVsLWtydWdtYW4mcmVnaV9pZD02NDE1OTc3NiZzZWdtZW50X2lkPTM3NjAwJnRlPTEmdXNlcl9pZD01ZTcxMTM5Yjc5YWIxNDMzZDA3NzEwZDhmODgzNTZjOFcDbnl0QgoAQaexV1_MMqTYUhNmb296bGVyODNAZ21haWwuY29tWAQAAAAA" target="_blank"><img src="https://static01.nyt.com/images/2020/09/02/business/00virus-statecuts-01/00virus-statecuts-01-moth.jpg" alt="Article Thumbnail" style="width:105px;padding-top:3px" width="105"></a></td></tr></tbody></table></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="border-bottom:1px solid #dcdcdc;direction:ltr;font-size:0;padding:20px 0 30px;text-align:center"><table width="100%"><tbody><tr><td class="m_2416547756608383974css-11oa0x7" style="text-align:left;vertical-align:top;width:495px" width="495" align="left" valign="top"><a href="https://nl.nytimes.com/f/newsletter/DJ8LXsR3bv599tuwxU-hEQ~~/AAAAAQA~/RgRhOjanP0TqaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMC8wOS8wOC9idXNpbmVzcy9yZXRhaWwtYmFua3J1cHRjeS1hdXRoZW50aWMtYnJhbmRzLmh0bWw_Y2FtcGFpZ25faWQ9MTE2JmVtYz1lZGl0X3BrXzIwMjAwOTA4Jmluc3RhbmNlX2lkPTIxOTk5Jm5sPXBhdWwta3J1Z21hbiZyZWdpX2lkPTY0MTU5Nzc2JnNlZ21lbnRfaWQ9Mzc2MDAmdGU9MSZ1c2VyX2lkPTVlNzExMzliNzlhYjE0MzNkMDc3MTBkOGY4ODM1NmM4VwNueXRCCgBBp7FXX8wypNhSE2Zvb3psZXI4M0BnbWFpbC5jb21YBAAAAAA~" style="text-decoration:none" target="_blank"><h3 class="m_2416547756608383974css-1tpar6d" style="font:normal 25px/30px georgia,serif;color:#000;margin:0 0 7px">The Two Men Buying Your Favorite Retailers</h3><p class="m_2416547756608383974css-1nqwuc3" style="font:16px/20px georgia,serif;color:#333;margin-bottom:0">Jamie Salter and David Simon, one a licensing expert and the other a mall operator, are reshaping the shopping landscape by acquiring bankrupt brands like Brooks Brothers and Forever 21.</p><p class="m_2416547756608383974css-17t7w24" style="letter-spacing:.4px;font:600 13px/18px arial,sans-serif;margin-bottom:0;margin-top:10px;color:#000">By Sapna Maheshwari and Vanessa Friedman</p></a></td><td class="m_2416547756608383974css-1rv3zph" style="vertical-align:top;padding:0 0 0 15px" valign="top"><a href="https://nl.nytimes.com/f/newsletter/DJ8LXsR3bv599tuwxU-hEQ~~/AAAAAQA~/RgRhOjanP0TqaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMC8wOS8wOC9idXNpbmVzcy9yZXRhaWwtYmFua3J1cHRjeS1hdXRoZW50aWMtYnJhbmRzLmh0bWw_Y2FtcGFpZ25faWQ9MTE2JmVtYz1lZGl0X3BrXzIwMjAwOTA4Jmluc3RhbmNlX2lkPTIxOTk5Jm5sPXBhdWwta3J1Z21hbiZyZWdpX2lkPTY0MTU5Nzc2JnNlZ21lbnRfaWQ9Mzc2MDAmdGU9MSZ1c2VyX2lkPTVlNzExMzliNzlhYjE0MzNkMDc3MTBkOGY4ODM1NmM4VwNueXRCCgBBp7FXX8wypNhSE2Zvb3psZXI4M0BnbWFpbC5jb21YBAAAAAA~" target="_blank"><img src="https://static01.nyt.com/images/2020/09/01/business/01virus-retailowners-3/01virus-retailowners-3-moth.jpg" alt="Article Thumbnail" style="width:105px;padding-top:3px" width="105"></a></td></tr></tbody></table></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="border-bottom:1px solid #dcdcdc;direction:ltr;font-size:0;padding:20px 0 30px;text-align:center"><table width="100%"><tbody><tr><td class="m_2416547756608383974css-11oa0x7" style="text-align:left;vertical-align:top;width:495px" width="495" align="left" valign="top"><a href="https://nl.nytimes.com/f/newsletter/PC5hLzGNWmNWqxH6SWKYfw~~/AAAAAQA~/RgRhOjanP0TdaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMC8wOS8wNy9vcGluaW9uL3NhbHQtdGF4LWRlZHVjdGlvbi1jdXQuaHRtbD9jYW1wYWlnbl9pZD0xMTYmZW1jPWVkaXRfcGtfMjAyMDA5MDgmaW5zdGFuY2VfaWQ9MjE5OTkmbmw9cGF1bC1rcnVnbWFuJnJlZ2lfaWQ9NjQxNTk3NzYmc2VnbWVudF9pZD0zNzYwMCZ0ZT0xJnVzZXJfaWQ9NWU3MTEzOWI3OWFiMTQzM2QwNzcxMGQ4Zjg4MzU2YzhXA255dEIKAEGnsVdfzDKk2FITZm9vemxlcjgzQGdtYWlsLmNvbVgEAAAAAA~~" style="text-decoration:none" target="_blank"><h3 class="m_2416547756608383974css-1tpar6d" style="font:normal 25px/30px georgia,serif;color:#000;margin:0 0 7px">The Tax Cut for the Rich That Democrats Love</h3><p class="m_2416547756608383974css-1nqwuc3" style="font:16px/20px georgia,serif;color:#333;margin-bottom:0">Why are party leaders fighting to get rid of one surprisingly progressive element of the 2017 tax bill?</p><p class="m_2416547756608383974css-17t7w24" style="letter-spacing:.4px;font:600 13px/18px arial,sans-serif;margin-bottom:0;margin-top:10px;color:#000">By Richard V. Reeves and Christopher Pulliam</p></a></td><td class="m_2416547756608383974css-1rv3zph" style="vertical-align:top;padding:0 0 0 15px" valign="top"><a href="https://nl.nytimes.com/f/newsletter/PC5hLzGNWmNWqxH6SWKYfw~~/AAAAAQA~/RgRhOjanP0TdaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMC8wOS8wNy9vcGluaW9uL3NhbHQtdGF4LWRlZHVjdGlvbi1jdXQuaHRtbD9jYW1wYWlnbl9pZD0xMTYmZW1jPWVkaXRfcGtfMjAyMDA5MDgmaW5zdGFuY2VfaWQ9MjE5OTkmbmw9cGF1bC1rcnVnbWFuJnJlZ2lfaWQ9NjQxNTk3NzYmc2VnbWVudF9pZD0zNzYwMCZ0ZT0xJnVzZXJfaWQ9NWU3MTEzOWI3OWFiMTQzM2QwNzcxMGQ4Zjg4MzU2YzhXA255dEIKAEGnsVdfzDKk2FITZm9vemxlcjgzQGdtYWlsLmNvbVgEAAAAAA~~" target="_blank"><img src="https://static01.nyt.com/images/2020/09/07/opinion/07Reeves/07Reeves-moth.jpg" alt="Article Thumbnail" style="width:105px;padding-top:3px" width="105"></a></td></tr></tbody></table></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0;padding:20px 0 30px;text-align:center"><table width="100%"><tbody><tr><td class="m_2416547756608383974css-11oa0x7" style="text-align:left;vertical-align:top;width:495px" width="495" align="left" valign="top"><a href="https://nl.nytimes.com/f/newsletter/xngHrQ6V1IsSDzz_wYHPsw~~/AAAAAQA~/RgRhOjanP4QKAWh0dHBzOi8vd3d3Lm55dGltZXMuY29tLzIwMjAvMDkvMDgvd2VsbC9saXZlL2RlbnRpc3RzLXRvb3RoLXRlZXRoLWNyYWNrcy1mcmFjdHVyZXMtY29yb25hdmlydXMtc3RyZXNzLWdyaW5kaW5nLmh0bWw_Y2FtcGFpZ25faWQ9MTE2JmVtYz1lZGl0X3BrXzIwMjAwOTA4Jmluc3RhbmNlX2lkPTIxOTk5Jm5sPXBhdWwta3J1Z21hbiZyZWdpX2lkPTY0MTU5Nzc2JnNlZ21lbnRfaWQ9Mzc2MDAmdGU9MSZ1c2VyX2lkPTVlNzExMzliNzlhYjE0MzNkMDc3MTBkOGY4ODM1NmM4VwNueXRCCgBBp7FXX8wypNhSE2Zvb3psZXI4M0BnbWFpbC5jb21YBAAAAAA~" style="text-decoration:none" target="_blank"><h3 class="m_2416547756608383974css-1tpar6d" style="font:normal 25px/30px georgia,serif;color:#000;margin:0 0 7px">Dentists Are Seeing an Epidemic of Cracked Teeth. What’s Going On?</h3><p class="m_2416547756608383974css-1nqwuc3" style="font:16px/20px georgia,serif;color:#333;margin-bottom:0">When I reopened my dental practice in early June, the tooth fractures started coming in: at least one a day, every single day that I’ve been in the office.</p><p class="m_2416547756608383974css-17t7w24" style="letter-spacing:.4px;font:600 13px/18px arial,sans-serif;margin-bottom:0;margin-top:10px;color:#000">By Tammy Chen, D.D.S.</p></a></td><td class="m_2416547756608383974css-1rv3zph" style="vertical-align:top;padding:0 0 0 15px" valign="top"><a href="https://nl.nytimes.com/f/newsletter/xngHrQ6V1IsSDzz_wYHPsw~~/AAAAAQA~/RgRhOjanP4QKAWh0dHBzOi8vd3d3Lm55dGltZXMuY29tLzIwMjAvMDkvMDgvd2VsbC9saXZlL2RlbnRpc3RzLXRvb3RoLXRlZXRoLWNyYWNrcy1mcmFjdHVyZXMtY29yb25hdmlydXMtc3RyZXNzLWdyaW5kaW5nLmh0bWw_Y2FtcGFpZ25faWQ9MTE2JmVtYz1lZGl0X3BrXzIwMjAwOTA4Jmluc3RhbmNlX2lkPTIxOTk5Jm5sPXBhdWwta3J1Z21hbiZyZWdpX2lkPTY0MTU5Nzc2JnNlZ21lbnRfaWQ9Mzc2MDAmdGU9MSZ1c2VyX2lkPTVlNzExMzliNzlhYjE0MzNkMDc3MTBkOGY4ODM1NmM4VwNueXRCCgBBp7FXX8wypNhSE2Zvb3psZXI4M0BnbWFpbC5jb21YBAAAAAA~" target="_blank"><img src="https://static01.nyt.com/images/2020/09/02/well/well-teeth/well-teeth-moth.jpg" alt="Article Thumbnail" style="width:105px;padding-top:3px" width="105"></a></td></tr></tbody></table></td></tr></tbody></table></div></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td style="padding-bottom:0"></td></tr><tr><td style="padding-bottom:25px;border-top:1px solid #dcdcdc"></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px"><a href="https://nl.nytimes.com/f/a/9g1bqgML7av1ZhGF5CZTSw~~/AAAAAQA~/RgRhOjanP0TfaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vc2VjdGlvbi9vcGluaW9uP2NhbXBhaWduX2lkPTExNiZlbWM9ZWRpdF9wa18yMDE5MDYxOCZlbWM9ZWRpdF9wa18yMDIwMDkwOCZpbnN0YW5jZV9pZD0yMTk5OSZubD10YmQmbmw9cGF1bC1rcnVnbWFuJnJlZ2lfaWQ9NjQxNTk3NzYmc2VnbWVudF9pZD0zNzYwMCZ0ZT0xJnRlPTEmdXNlcl9pZD01ZTcxMTM5Yjc5YWIxNDMzZDA3NzEwZDhmODgzNTZjOFcDbnl0QgoAQaexV1_MMqTYUhNmb296bGVyODNAZ21haWwuY29tWAQAAAAA" class="m_2416547756608383974css-1sybz1k" style="color:#286ed0;border-bottom:1px solid #286ed0;text-decoration:none;font-family:inherit;font-size:inherit" target="_blank">Read the full Opinion report here.</a></p></td></tr></tbody></table></div><div style="margin:0 auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0;padding:0;text-align:center"> <a href="#m_2416547756608383974_a11y-skip-3" style="display:block;width:1px;height:1px;max-height:1px;overflow:hidden;color:transparent">Continue reading the main story</a></td></tr></tbody></table></div><div style="overflow:hidden;height:0;width:100%;max-width:600px;margin:0 auto"><table cellpadding="0" cellspacing="0" border="0" width="40" height="6"><tbody><tr><td><img src="https://liveintent.newyorktimesinfo.com/imp?s=125700900&sz=2x1&m=5e71139b79ab1433d07710d8f88356c8&p=PK_20200908&li=PK" width="2" height="6" border="0"></td><td><img src="https://liveintent.newyorktimesinfo.com/imp?s=125700901&sz=2x1&m=5e71139b79ab1433d07710d8f88356c8&p=PK_20200908&li=PK" width="2" height="6" border="0"></td><td><img src="https://liveintent.newyorktimesinfo.com/imp?s=125700902&sz=2x1&m=5e71139b79ab1433d07710d8f88356c8&p=PK_20200908&li=PK" width="2" height="6" border="0"></td><td><img src="https://liveintent.newyorktimesinfo.com/imp?s=125700903&sz=2x1&m=5e71139b79ab1433d07710d8f88356c8&p=PK_20200908&li=PK" width="2" height="6" border="0"></td><td><img src="https://liveintent.newyorktimesinfo.com/imp?s=125700904&sz=2x1&m=5e71139b79ab1433d07710d8f88356c8&p=PK_20200908&li=PK" width="2" height="6" border="0"></td><td><img src="https://liveintent.newyorktimesinfo.com/imp?s=125700905&sz=2x1&m=5e71139b79ab1433d07710d8f88356c8&p=PK_20200908&li=PK" width="2" height="6" border="0"></td><td><img src="https://liveintent.newyorktimesinfo.com/imp?s=125700906&sz=2x1&m=5e71139b79ab1433d07710d8f88356c8&p=PK_20200908&li=PK" width="2" height="6" border="0"></td><td><img src="https://liveintent.newyorktimesinfo.com/imp?s=125700907&sz=2x1&m=5e71139b79ab1433d07710d8f88356c8&p=PK_20200908&li=PK" width="2" height="6" border="0"></td><td><img src="https://liveintent.newyorktimesinfo.com/imp?s=125700908&sz=2x1&m=5e71139b79ab1433d07710d8f88356c8&p=PK_20200908&li=PK" width="2" height="6" border="0"></td><td><img src="https://liveintent.newyorktimesinfo.com/imp?s=125700909&sz=2x1&m=5e71139b79ab1433d07710d8f88356c8&p=PK_20200908&li=PK" width="2" height="6" border="0"></td><td><img src="https://li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