Employment Links
Reflections on Monetary Policy in 2021 By Federal Reserve Governor Christopher J. Waller or "How did the Fed get so far behind the curve?"
"When inflation broke loose in March 2021, even though I had expected it to run above 2 percent in 2021 and 2022, I never thought it would reach the very high levels we have seen in recent months. Indeed, I expected it would eventually fade, due to the nature of these shocks. All the suspected drivers of this surge in inflation appeared to be temporary: the one-time stimulus from fiscal policy, supply chain shocks that previous experience indicated would ease soon, and a surge in demand for goods. In addition, we had very accommodative monetary policy that I believed would end in 2022. The issue in my mind was whether these factors would start fading away later in 2021 or in 2022." more »
Stanford Medicine Study: Around age 13, Kids’ Brains Shift From Focusing on Their Mothers’ Voices to Favor New Voices
“Just as an infant knows to tune into her mother’s voice, an adolescent knows to tune into novel voices,” said lead study author Daniel Abrams, PhD, clinical associate professor of psychiatry and behavioral sciences. “As a teen, you don’t know you’re doing this. You’re just being you: You’ve got your friends and new companions and you want to spend time with them. Your mind is increasingly sensitive to and attracted to these unfamiliar voices.” In some ways, teens’ brains are more receptive to all voices — including their mothers’ — than the brains of children under 12, the researchers discovered, a finding that lines up with teenagers’ increased interest in many types of social signals. more »
A Ferocious Predator of Its Day: T. Rex’s Short Arms May Have Lowered Risk of Bites During Feeding Frenzies
In a new paper appearing in the current issue of the journal Acta Palaeontologia Polonica, paleontologist Kevin Padian floats a new hypothesis: The T. rex’s arms shrank in length to prevent accidental or intentional amputation when a pack of T. rexes descended on a carcass with their massive heads and bone-crushing teeth. A 45-foot-long T. rex, for example, might have had a 5-foot-long skull, but arms only 3 feet long — the equivalent of a 6-foot human with 5-inch arms. “What if several adult tyrannosaurs converged on a carcass? You have a bunch of massive skulls, with incredibly powerful jaws and teeth, ripping and chomping down flesh and bone right next to you. What if your friend there thinks you’re getting a little too close? They might warn you away by severing your arm,” said Padian, distinguished emeritus professor of integrative biology at the University of California, Berkeley, and a curator at the UC Museum of Paleontology (UCMP). “So, it could be a benefit to reduce the forelimbs, since you’re not using them in predation anyway.” more »
Congressional Weekly Legislative Update March 14, 2022, Bills Introduced and Passed: Benefits of Gender Diversity in Boards of Directors & Other Senior Management Positions, Disparate Impact of Climate Change on Women
"The sense of the House of Representatives that corporations should commit to utilizing the benefits of gender diversity in boards of directors and other senior management positions; A bill to exclude a basic allowance for housing from income for purposes of eligibility for the Supplemental Nutrition Assistance Program (SNAP); A bill to address the disparate impact of climate change on women and support the efforts of women globally to address climate change; resolution recognizing Girl Scouts of the United States of America on its 110th birthday and celebrating its legacy of providing girls with a safe, inclusive space while supporting the next generation of women leaders; A bill to support stillbirth prevention and research; Budget - On Wednesday, the House Budget Committee will hold a hearing, “Ensuring Women Can Thrive in a Post-Pandemic Economy.”
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