<div dir="ltr">As usual, Krugman has his head planted squarely up his backside in regard to both issues discussed.  Locking down entire states has turned out to be for pretty close to nothing with disastrous economic consequences.  If you remove deaths caused by Cuomo's death edict in regard to nursing homes (<a href="https://apnews.com/212ccd87924b6906053703a00514647f">https://apnews.com/212ccd87924b6906053703a00514647f</a>), the number drops significantly arguing further against any benefit from lockdowns.<div><br></div><div>I would suggest following the work of Alex Berenson (former NY times reporter) for what is really going on around CV-19.</div><div><br></div><div>As far as life expectancy goes, you can thank Perdue pharmaceuticals for a significant drop in it in the US, along with rising suicides due in part to a decades long hollowing out of the American middle class and nuclear family.</div><div><br></div><div>Trump bears little responsibility for either set of statistics, but Krugman is a long time member of the Orange Man Bad  / TDS posse so I'm not surprised his latest drivel reflects this.</div><div><br></div><div>YMMV.</div><div><br></div><div><br></div><div><br></div><div><br></div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Tue, Sep 8, 2020 at 12:42 PM William Flynn Wallace via extropy-chat <<a href="mailto:extropy-chat@lists.extropy.org">extropy-chat@lists.extropy.org</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div dir="ltr"><div class="gmail_default" style="font-family:"comic sans ms",sans-serif;font-size:large;color:rgb(0,0,0)">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" target="_blank">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" target="_blank">foozler83@gmail.com</a>><br></div><br><br><u></u><div>
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<div style="display:none;font-size:1px;color:rgb(255,255,255);line-height:1px;max-height:0px;max-width:0px;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:0px" bgcolor="#FFFFFF"><tbody><tr><td id="gmail-m_3244595216504536499m_2416547756608383974EMAIL_CONTAINER" align="left" width="100%"><div style="margin:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr style="width:100%"><td style="padding:15px 0px 5px;border-bottom:1px solid rgb(220,220,220);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:rgb(102,102,102);text-decoration:none;line-height:18px" target="_blank">View in browser</a><span style="color:rgb(220,220,220);margin:0px 10px">|</span><a href="https://nl.nytimes.com/f/a/X93r8qzMkXCaC-fmsbXgfg~~/AAAAAQA~/RgRhOjanP0SvaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vP2NhbXBhaWduX2lkPTExNiZlbWM9ZWRpdF9wa18yMDIwMDkwOCZpbnN0YW5jZV9pZD0yMTk5OSZubD1wYXVsLWtydWdtYW4mcmVnaV9pZD02NDE1OTc3NiZzZWdtZW50X2lkPTM3NjAwJnRlPTEmdXNlcl9pZD01ZTcxMTM5Yjc5YWIxNDMzZDA3NzEwZDhmODgzNTZjOFcDbnl0QgoAQaexV1_MMqTYUhNmb296bGVyODNAZ21haWwuY29tWAQAAAAA" alt="The New York Times" style="color:rgb(102,102,102);text-decoration:none;line-height:18px" target="_blank">nytimes.com</a></div><a href="#m_3244595216504536499_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="gmail-m_3244595216504536499m_2416547756608383974_a11y-skip-ad-marquee"><td style="border-bottom:1px solid rgb(206,206,206);padding:25px 0px 20px;width:100%;text-align:center" width="100%" align="center"><div 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:0px;font:12px/12px georgia,serif;letter-spacing:0.5px">September 8, 2020</p></td></tr><tr style="height:20px"></tr></tbody></table></div><div style="margin:0px auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0px;padding:0px;text-align:left"><table width="100%" cellspacing="0" cellpadding="0" style="border-spacing:0px;font-family:arial,sans-serif;color:rgb(51,51,51);padding:0px;background:rgb(255,255,255)"><tbody><tr><td style="width:100%;padding:0px;line-height:1" width="100%"></td></tr><tr><td style="text-align:left;width:100%;padding-top:8px;padding-bottom:10px;line-height:14px" width="100%" align="left"><span><span style="margin:0px;font:14px georgia,serif;color:rgb(102,102,102)">People wait in line for food donations in Queens, NY.</span><span style="margin:0px;font:11px georgia,serif;padding-left:5px;color:rgb(136,136,136);letter-spacing:0.01em">John Minchillo/Associated Press</span></span></td></tr></tbody></table></td></tr></tbody></table></div><div style="margin:0px auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0px;padding:0px;text-align:left"><table cellpadding="0" cellspacing="0"><tbody><tr><td style="padding:0px 9px 15px 0px;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:0px 0px 15px;vertical-align:middle" valign="middle"><p style="letter-spacing:0.2px;color:rgb(0,0,0);margin-bottom:0px;font:600 13px/18px arial,sans-serif">By <a href="https://nl.nytimes.com/f/a/eOelPNZ6R4_IVOv4fyClsQ~~/AAAAAQA~/RgRhOjanP0S-aHR0cHM6Ly93d3cubnl0aW1lcy5jb20vYnkvcGF1bC1rcnVnbWFuP2NhbXBhaWduX2lkPTExNiZlbWM9ZWRpdF9wa18yMDIwMDkwOCZpbnN0YW5jZV9pZD0yMTk5OSZubD1wYXVsLWtydWdtYW4mcmVnaV9pZD02NDE1OTc3NiZzZWdtZW50X2lkPTM3NjAwJnRlPTEmdXNlcl9pZD01ZTcxMTM5Yjc5YWIxNDMzZDA3NzEwZDhmODgzNTZjOFcDbnl0QgoAQaexV1_MMqTYUhNmb296bGVyODNAZ21haWwuY29tWAQAAAAA" style="color:inherit;text-decoration:none;border-bottom:1px solid rgb(204,204,204)" target="_blank">Paul Krugman</a></p><p style="font:13px/18px arial,sans-serif;letter-spacing:0.2px;color:rgb(0,0,0);margin-bottom:0px">Opinion Columnist</p></td></tr></tbody></table></td></tr></tbody></table></div><div style="margin:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:rgb(51,51,51);font:17px/25px georgia,serif;margin:0px 0px 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:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:rgb(51,51,51);font:17px/25px georgia,serif;margin:0px 0px 15px"><a href="https://nl.nytimes.com/f/newsletter/Z88OwJMr2nKIZQT0MznSPw~~/AAAAAQA~/RgRhOjanP4QFAWh0dHBzOi8vd3d3Lm55dGltZXMuY29tLzIwMjAvMDkvMDcvb3Bpbmlvbi90cnVtcC1lY29ub215LWpvYnMuaHRtbD9hY3Rpb249Y2xpY2smY2FtcGFpZ25faWQ9MTE2JmVtYz1lZGl0X3BrXzIwMjAwOTA4Jmluc3RhbmNlX2lkPTIxOTk5Jm1vZHVsZT1PcGluaW9uJm5sPXBhdWwta3J1Z21hbiZwZ3R5cGU9SG9tZXBhZ2UmcmVnaV9pZD02NDE1OTc3NiZzZWdtZW50X2lkPTM3NjAwJnRlPTEmdXNlcl9pZD01ZTcxMTM5Yjc5YWIxNDMzZDA3NzEwZDhmODgzNTZjOFcDbnl0QgoAQaexV1_MMqTYUhNmb296bGVyODNAZ21haWwuY29tWAQAAAAA" style="color:rgb(40,110,208);border-bottom:1px solid rgb(40,110,208);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:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:rgb(51,51,51);font:17px/25px georgia,serif;margin:0px 0px 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~~" style="color:rgb(40,110,208);border-bottom:1px solid rgb(40,110,208);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~~" style="color:rgb(40,110,208);border-bottom:1px solid rgb(40,110,208);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:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:rgb(51,51,51);font:17px/25px georgia,serif;margin:0px 0px 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:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:rgb(51,51,51);font:17px/25px georgia,serif;margin:0px 0px 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:0px auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0px;padding:0px;text-align:center"> <a href="#m_3244595216504536499_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:0px auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0px;padding:10px 0px 25px;text-align:center"><div style="background:rgb(255,255,255);margin:0px auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="background:rgb(255,255,255);width:100%"><tbody><tr><td style="border-bottom:1px solid rgb(220,220,220);border-top:1px solid rgb(220,220,220);direction:ltr;font-size:0px;padding:20px 0px;text-align:center"><h3 color="#666" style="font:10px/13px arial,sans-serif;color:rgb(102,102,102);letter-spacing:0.7px;margin-bottom:5px;margin-top:0px;text-align:center">ADVERTISEMENT</h3><br></td></tr></tbody></table></div></td></tr></tbody></table></div><div style="margin:0px auto;max-width:600px;width:100%" id="gmail-m_3244595216504536499m_2416547756608383974_a11y-skip-0"><table width="100%"><tbody><tr><td align="left"><p style="color:rgb(51,51,51);font:17px/25px georgia,serif;margin:0px 0px 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~" style="color:rgb(40,110,208);border-bottom:1px solid rgb(40,110,208);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~~" style="color:rgb(40,110,208);border-bottom:1px solid rgb(40,110,208);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:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:rgb(51,51,51);font:17px/25px georgia,serif;margin:0px 0px 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:0px auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0px;padding:0px;text-align:left"><table width="100%" cellspacing="0" cellpadding="0" style="border-spacing:0px;font-family:arial,sans-serif;color:rgb(51,51,51);padding:0px;background:rgb(255,255,255)"><tbody><tr><td style="width:100%;padding:0px;line-height:1" width="100%"><img src="https://static01.nyt.com/images/2020/09/08/opinion/080920krugman1/080920krugman1-articleLarge.png" style="display: block; width: 100%; height: auto; padding-top: 10px; padding-bottom: 0px;"></td></tr><tr><td style="text-align:left;width:100%;padding-top:8px;padding-bottom:10px;line-height:14px" width="100%" align="left"><span><span style="margin:0px;font:14px georgia,serif;color:rgb(102,102,102)">Italy’s stagnation.</span><span style="margin:0px;font:11px georgia,serif;padding-left:5px;color:rgb(136,136,136);letter-spacing:0.01em">World Bank</span></span></td></tr></tbody></table></td></tr></tbody></table></div><div style="margin:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:rgb(51,51,51);font:17px/25px georgia,serif;margin:0px 0px 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:0px auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0px;padding:0px;text-align:center"> <a href="#m_3244595216504536499_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:0px auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0px;padding:10px 0px 25px;text-align:center"><div style="background:rgb(255,255,255);margin:0px auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="background:rgb(255,255,255);width:100%"><tbody><tr><td style="border-bottom:1px solid rgb(220,220,220);border-top:1px solid rgb(220,220,220);direction:ltr;font-size:0px;padding:20px 0px;text-align:center"><h3 color="#666" style="font:10px/13px arial,sans-serif;color:rgb(102,102,102);letter-spacing:0.7px;margin-bottom:5px;margin-top:0px;text-align:center">ADVERTISEMENT</h3><span style="width:100%;text-align:center"><table border="0" cellpadding="0" cellspacing="0" style="margin:0px 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:0px auto;max-width:600px" id="gmail-m_3244595216504536499m_2416547756608383974_a11y-skip-1"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0px;padding:0px;text-align:left"><table width="100%" cellspacing="0" cellpadding="0" style="border-spacing:0px;font-family:arial,sans-serif;color:rgb(51,51,51);padding:0px;background:rgb(255,255,255)"><tbody><tr><td style="width:100%;padding:0px;line-height:1" width="100%"><img src="https://static01.nyt.com/images/2020/09/08/opinion/080920krugman2/080920krugman2-articleLarge.png" style="display: block; width: 100%; height: auto; padding-top: 10px; padding-bottom: 0px;"></td></tr><tr><td style="text-align:left;width:100%;padding-top:8px;padding-bottom:10px;line-height:14px" width="100%" align="left"><span><span style="margin:0px;font:14px georgia,serif;color:rgb(102,102,102)">Life is better when you aren’t dead</span><span style="margin:0px;font:11px georgia,serif;padding-left:5px;color:rgb(136,136,136);letter-spacing:0.01em">OECD</span></span></td></tr></tbody></table></td></tr></tbody></table></div><div style="margin:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:rgb(51,51,51);font:17px/25px georgia,serif;margin:0px 0px 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:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:rgb(51,51,51);font:17px/25px georgia,serif;margin:0px 0px 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:0px auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0px;padding:0px;text-align:center"> <a href="#m_3244595216504536499_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:0px auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0px;padding:10px 0px 25px;text-align:center"><div style="background:rgb(255,255,255);margin:0px auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="background:rgb(255,255,255);width:100%"><tbody><tr><td style="border-bottom:1px solid rgb(220,220,220);border-top:1px solid rgb(220,220,220);direction:ltr;font-size:0px;padding:20px 0px;text-align:center"><h3 color="#666" style="font:10px/13px arial,sans-serif;color:rgb(102,102,102);letter-spacing:0.7px;margin-bottom:5px;margin-top:0px;text-align:center">ADVERTISEMENT</h3><br></td></tr></tbody></table></div></td></tr></tbody></table></div><div style="margin:0px auto;max-width:600px;width:100%" id="gmail-m_3244595216504536499m_2416547756608383974_a11y-skip-2"><table width="100%"><tbody><tr><td align="left"><p style="color:rgb(51,51,51);font:17px/25px georgia,serif;margin:0px 0px 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:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:rgb(51,51,51);font:17px/25px georgia,serif;margin:0px 0px 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:0px 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 rgb(220,220,220)"></td></tr></tbody></table></div><div style="margin:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><h2 style="color:rgb(0,0,0);font:400 27.5px/37.5px georgia,serif;margin:0px 0px 15px">Quick Hits</h2></td></tr></tbody></table></div><div style="margin:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:rgb(51,51,51);font:17px/25px georgia,serif;margin:0px 0px 15px">Italy’s <a href="https://nl.nytimes.com/f/a/CZbxxYlH-RBJACZA9gPrRQ~~/AAAAAQA~/RgRhOjanP0TLaHR0cHM6Ly92b3hldS5vcmcvYXJ0aWNsZS9kaWFnbm9zaW5nLWl0YWxpYW4tZGlzZWFzZT9jYW1wYWlnbl9pZD0xMTYmZW1jPWVkaXRfcGtfMjAyMDA5MDgmaW5zdGFuY2VfaWQ9MjE5OTkmbmw9cGF1bC1rcnVnbWFuJnJlZ2lfaWQ9NjQxNTk3NzYmc2VnbWVudF9pZD0zNzYwMCZ0ZT0xJnVzZXJfaWQ9NWU3MTEzOWI3OWFiMTQzM2QwNzcxMGQ4Zjg4MzU2YzhXA255dEIKAEGnsVdfzDKk2FITZm9vemxlcjgzQGdtYWlsLmNvbVgEAAAAAA~~" style="color:rgb(40,110,208);border-bottom:1px solid rgb(40,110,208);text-decoration:none;font-family:inherit;font-size:inherit" target="_blank">economic disease</a>.</p></td></tr></tbody></table></div><div style="margin:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:rgb(51,51,51);font:17px/25px georgia,serif;margin:0px 0px 15px">Italy’s <a href="https://nl.nytimes.com/f/a/85-3kR8BHVM0N7t2VdD_oQ~~/AAAAAQA~/RgRhOjanP4SNAWh0dHBzOi8vb3Vyd29ybGRpbmRhdGEub3JnL2Nvcm9uYXZpcnVzLWRhdGEtZXhwbG9yZXI_Y2FtcGFpZ25faWQ9MTE2JmNvdW50cnk9VVNBfklUQSZkZWF0aHNNZXRyaWM9dHJ1ZSZlbWM9ZWRpdF9wa18yMDIwMDkwOCZpbnN0YW5jZV9pZD0yMTk5OSZpbnRlcnZhbD1zbW9vdGhlZCZubD1wYXVsLWtydWdtYW4mcGVyQ2FwaXRhPXRydWUmcGlja2VyTWV0cmljPXRvdGFsX2RlYXRocyZwaWNrZXJTb3J0PWFzYyZyZWdpX2lkPTY0MTU5Nzc2JnJlZ2lvbj1Xb3JsZCZzZWdtZW50X2lkPTM3NjAwJnNtb290aGluZz03JnRlPTEmdGltZT0yMDIwLTAzLTAxLi4yMDIwLTA5LTA3JnVzZXJfaWQ9NWU3MTEzOWI3OWFiMTQzM2QwNzcxMGQ4Zjg4MzU2YzgmeWVhcj1sYXRlc3Qmem9vbVRvU2VsZWN0aW9uPXRydWVXA255dEIKAEGnsVdfzDKk2FITZm9vemxlcjgzQGdtYWlsLmNvbVgEAAAAAA~~" style="color:rgb(40,110,208);border-bottom:1px solid rgb(40,110,208);text-decoration:none;font-family:inherit;font-size:inherit" target="_blank">pandemic success</a>.</p></td></tr></tbody></table></div><div style="margin:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:rgb(51,51,51);font:17px/25px georgia,serif;margin:0px 0px 15px">“<a href="https://nl.nytimes.com/f/a/h7Ib_yFKBmddhEdD-fsu8g~~/AAAAAQA~/RgRhOjanP0TMaHR0cHM6Ly9vdXJ3b3JsZGluZGF0YS5vcmcvZXhlbXBsYXJzLWluLWdsb2JhbC1oZWFsdGg_Y2FtcGFpZ25faWQ9MTE2JmVtYz1lZGl0X3BrXzIwMjAwOTA4Jmluc3RhbmNlX2lkPTIxOTk5Jm5sPXBhdWwta3J1Z21hbiZyZWdpX2lkPTY0MTU5Nzc2JnNlZ21lbnRfaWQ9Mzc2MDAmdGU9MSZ1c2VyX2lkPTVlNzExMzliNzlhYjE0MzNkMDc3MTBkOGY4ODM1NmM4VwNueXRCCgBBp7FXX8wypNhSE2Zvb3psZXI4M0BnbWFpbC5jb21YBAAAAAA~" style="color:rgb(40,110,208);border-bottom:1px solid rgb(40,110,208);text-decoration:none;font-family:inherit;font-size:inherit" target="_blank">Incomes matter</a>, but …”</p></td></tr></tbody></table></div><div style="margin:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:rgb(51,51,51);font:17px/25px georgia,serif;margin:0px 0px 15px">Drowning in joblessness, <a href="https://nl.nytimes.com/f/a/rXaWPW53zKHx2Ii0qI6aIA~~/AAAAAQA~/RgRhOjanP0T-aHR0cHM6Ly9ueW1hZy5jb20vaW50ZWxsaWdlbmNlci8yMDIwLzA4L2FtaWQtbWFzcy11bmVtcGxveW1lbnQtdS1zLWhvdXNlaG9sZHMtYXJlLXJpY2hlci10aGFuLWV2ZXIuaHRtbD9jYW1wYWlnbl9pZD0xMTYmZW1jPWVkaXRfcGtfMjAyMDA5MDgmaW5zdGFuY2VfaWQ9MjE5OTkmbmw9cGF1bC1rcnVnbWFuJnJlZ2lfaWQ9NjQxNTk3NzYmc2VnbWVudF9pZD0zNzYwMCZ0ZT0xJnVzZXJfaWQ9NWU3MTEzOWI3OWFiMTQzM2QwNzcxMGQ4Zjg4MzU2YzhXA255dEIKAEGnsVdfzDKk2FITZm9vemxlcjgzQGdtYWlsLmNvbVgEAAAAAA~~" style="color:rgb(40,110,208);border-bottom:1px solid rgb(40,110,208);text-decoration:none;font-family:inherit;font-size:inherit" target="_blank">swimming in cash</a>.</p></td></tr></tbody></table></div><div style="margin:0px 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 rgb(220,220,220)"></td></tr></tbody></table></div><div style="margin:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><h3 style="margin:0px 0px 1px;font:bold 18px/25px georgia,serif;color:rgb(0,0,0)"><span style="font-weight:700;font-size:inherit">Feedback</span></h3></td></tr></tbody></table></div><div style="margin:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:rgb(51,51,51);font:17px/25px georgia,serif;margin:0px 0px 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" style="color:rgb(40,110,208);border-bottom:1px solid rgb(40,110,208);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" style="color:rgb(40,110,208);border-bottom:1px solid rgb(40,110,208);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:0px 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 rgb(220,220,220)"></td></tr></tbody></table></div><div style="margin:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><h2 style="color:rgb(0,0,0);font:400 27.5px/37.5px georgia,serif;margin:0px 0px 15px">Facing the Music</h2></td></tr></tbody></table></div><div style="margin:0px auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0px;padding:0px;text-align:left"><table width="100%" cellspacing="0" cellpadding="0" style="border-spacing:0px;font-family:arial,sans-serif;color:rgb(51,51,51);padding:0px;background:rgb(255,255,255)"><tbody><tr><td style="width:100%;padding:0px;line-height:1" width="100%"><img src="https://static01.nyt.com/images/2020/09/08/opinion/080920krugman3/080920krugman3-articleLarge.png" style="display: block; width: 100%; height: auto; padding-top: 10px; padding-bottom: 0px;"></td></tr><tr><td style="text-align:left;width:100%;padding-top:8px;padding-bottom:10px;line-height:14px" width="100%" align="left"><span><span style="margin:0px;font:14px georgia,serif;color:rgb(102,102,102)">Life at the top isn’t always great</span><span style="margin:0px;font:11px georgia,serif;padding-left:5px;color:rgb(136,136,136);letter-spacing:0.01em">YouTube</span></span></td></tr></tbody></table></td></tr></tbody></table></div><div style="margin:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:rgb(51,51,51);font:17px/25px georgia,serif;margin:0px 0px 15px">Cole Porter <a href="https://nl.nytimes.com/f/a/Qq73JTKqqVSKQWh6oyJDKQ~~/AAAAAQA~/RgRhOjanP0TCaHR0cHM6Ly93d3cueW91dHViZS5jb20vd2F0Y2g_Y2FtcGFpZ25faWQ9MTE2JmVtYz1lZGl0X3BrXzIwMjAwOTA4Jmluc3RhbmNlX2lkPTIxOTk5Jm5sPXBhdWwta3J1Z21hbiZyZWdpX2lkPTY0MTU5Nzc2JnNlZ21lbnRfaWQ9Mzc2MDAmdGU9MSZ1c2VyX2lkPTVlNzExMzliNzlhYjE0MzNkMDc3MTBkOGY4ODM1NmM4JnY9anoyRG9qS0U2WTBXA255dEIKAEGnsVdfzDKk2FITZm9vemxlcjgzQGdtYWlsLmNvbVgEAAAAAA~~" style="color:rgb(40,110,208);border-bottom:1px solid rgb(40,110,208);text-decoration:none;font-family:inherit;font-size:inherit" target="_blank">got it</a>.</p></td></tr></tbody></table></div><div style="margin:0px auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0px;padding:0px;text-align:left"><table style="width:100%;margin-top:15px"><tbody><tr><td style="border-top:2px solid rgb(0,0,0);padding-top:7px"><p style="letter-spacing:0.4px;font:bold 17px/25px arial,sans-serif;color:rgb(0,0,0);margin-bottom:15px">IN THE TIMES</p></td></tr></tbody></table><div style="margin:0px auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="border-bottom:1px solid rgb(220,220,220);direction:ltr;font-size:0px;padding:5px 0px 30px;text-align:center"><table width="100%"><tbody><tr><td 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 style="font:25px/30px georgia,serif;color:rgb(0,0,0);margin:0px 0px 7px">With Washington Deadlocked on Aid, States Face Dire Fiscal Crises</h3><p style="font:16px/20px georgia,serif;color:rgb(51,51,51);margin-bottom:0px">Local officials are slashing funding for everything from education and health care to orchestra subsidies.</p><p style="letter-spacing:0.4px;font:600 13px/18px arial,sans-serif;margin-bottom:0px;margin-top:10px;color:rgb(0,0,0)">By Mary Williams Walsh</p></a></td><td style="vertical-align:top;padding:0px 0px 0px 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:0px auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="border-bottom:1px solid rgb(220,220,220);direction:ltr;font-size:0px;padding:20px 0px 30px;text-align:center"><table width="100%"><tbody><tr><td 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 style="font:25px/30px georgia,serif;color:rgb(0,0,0);margin:0px 0px 7px">The Two Men Buying Your Favorite Retailers</h3><p style="font:16px/20px georgia,serif;color:rgb(51,51,51);margin-bottom:0px">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 style="letter-spacing:0.4px;font:600 13px/18px arial,sans-serif;margin-bottom:0px;margin-top:10px;color:rgb(0,0,0)">By Sapna Maheshwari and Vanessa Friedman</p></a></td><td style="vertical-align:top;padding:0px 0px 0px 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:0px auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="border-bottom:1px solid rgb(220,220,220);direction:ltr;font-size:0px;padding:20px 0px 30px;text-align:center"><table width="100%"><tbody><tr><td 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 style="font:25px/30px georgia,serif;color:rgb(0,0,0);margin:0px 0px 7px">The Tax Cut for the Rich That Democrats Love</h3><p style="font:16px/20px georgia,serif;color:rgb(51,51,51);margin-bottom:0px">Why are party leaders fighting to get rid of one surprisingly progressive element of the 2017 tax bill?</p><p style="letter-spacing:0.4px;font:600 13px/18px arial,sans-serif;margin-bottom:0px;margin-top:10px;color:rgb(0,0,0)">By Richard V. Reeves and Christopher Pulliam</p></a></td><td style="vertical-align:top;padding:0px 0px 0px 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:0px auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0px;padding:20px 0px 30px;text-align:center"><table width="100%"><tbody><tr><td 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 style="font:25px/30px georgia,serif;color:rgb(0,0,0);margin:0px 0px 7px">Dentists Are Seeing an Epidemic of Cracked Teeth. What’s Going On?</h3><p style="font:16px/20px georgia,serif;color:rgb(51,51,51);margin-bottom:0px">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 style="letter-spacing:0.4px;font:600 13px/18px arial,sans-serif;margin-bottom:0px;margin-top:10px;color:rgb(0,0,0)">By Tammy Chen, D.D.S.</p></a></td><td style="vertical-align:top;padding:0px 0px 0px 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:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td style="padding-bottom:0px"></td></tr><tr><td style="padding-bottom:25px;border-top:1px solid rgb(220,220,220)"></td></tr></tbody></table></div><div style="margin:0px auto;max-width:600px;width:100%"><table width="100%"><tbody><tr><td align="left"><p style="color:rgb(51,51,51);font:17px/25px georgia,serif;margin:0px 0px 15px"><a href="https://nl.nytimes.com/f/a/9g1bqgML7av1ZhGF5CZTSw~~/AAAAAQA~/RgRhOjanP0TfaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vc2VjdGlvbi9vcGluaW9uP2NhbXBhaWduX2lkPTExNiZlbWM9ZWRpdF9wa18yMDE5MDYxOCZlbWM9ZWRpdF9wa18yMDIwMDkwOCZpbnN0YW5jZV9pZD0yMTk5OSZubD10YmQmbmw9cGF1bC1rcnVnbWFuJnJlZ2lfaWQ9NjQxNTk3NzYmc2VnbWVudF9pZD0zNzYwMCZ0ZT0xJnRlPTEmdXNlcl9pZD01ZTcxMTM5Yjc5YWIxNDMzZDA3NzEwZDhmODgzNTZjOFcDbnl0QgoAQaexV1_MMqTYUhNmb296bGVyODNAZ21haWwuY29tWAQAAAAA" style="color:rgb(40,110,208);border-bottom:1px solid rgb(40,110,208);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:0px auto;max-width:600px"><table align="center" border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="direction:ltr;font-size:0px;padding:0px;text-align:center"> <a href="#m_3244595216504536499_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:0px;width:100%;max-width:600px;margin:0px 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://liveintent.newyorktimesinfo.com/imp?s=125700910&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=125700911&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=125700912&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=125700913&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=125700914&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=125700915&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=125700916&s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