I want to make the case that the PSL is not the basic one in that latte-white girl relationship. If you recall, regardless of how seldom YTs use spices in their cuisine (boneless skinless boiled chicken breast, anyone?) today, it’s common knowledge that the trade of spices fueled early colonization efforts, creating a vast network which eventually led to the Taínos discovering the first European fuckboy on their soil, Christopher Columbus. Let’s look at the major players of the pumpkin spice latte — besides the expected consumers — which are cinnamon, nutmeg, clove and pumpkin (actual pumpkin was added in puree form to the mix in September 2015). All are ingredients that could not exist without the knowledge, and exploitation, of Brown people. [link]
Digital finance can provide access to financial services for 1.6 billion people—880 million of them women—in emerging economies for the first time, McKinsey said. This is within reach because the infrastructure already exists. In 2014, 80% of adults in developing nations had mobile subscriptions. By 2020, 90% of these adults will own a mobile phone.
Despite all this, cash is still overwhelmingly prevalent. In emerging nations, 90% of payment transactions are made in cash..
The poorest countries, such as Ethiopia, India and Nigeria could increase their GDP by up 12%, according to the study, because they are starting from a very low level of financial inclusion. Relatively richer countries such a China and Brazil could still boost economic growth by 5%.
McKinsey estimates that Indians lose more than $2 billion a year in forgone income simply from the time spent traveling to and from a bank. [link]
A researcher at the University of Connecticut recently published a new estimate of the value of U.S. slave labor in the 89 years from the country’s founding until the end of the Civil War. Based on the wages paid to laborers in the antebellum period and assuming an average of 12 hours of work a day, seven days a week, the researcher, Thomas Craemer, concluded that U.S. slave labor would be worth roughly $5.9 trillion today.
That is equal to the 10-year cost of Republican presidential nominee Donald Trump’s most recent tax plan, and it is significantly less than the price tag on former Democratic presidential candidate Bernie Sanders’s health-care plan. [link]
Over the course of two decades, researchers regularly questioned 10,000 U.K. citizens between the ages of 16 and 60 about their happiness levels before and after major life milestones. Their research, published in the journal Economica, concluded that women are significantly more content than usual for up to five years after divorce.
Men also reported feeling slightly happier following the divorce decree, but the increase was less signifiant. [link]
Via John Pfaff:
Google is an imperfect oracle of popular will, but here’s one trend that seems pretty clear: Searches for the phrase “registrarse para votar” — “register to vote,” in Spanish — hit an all-time high during Monday’s presidential debate, spiking to more than 100,000 searches. [link]
One of the markers of Lin Manuel’s genius is that he can write this, one of my favorite songs in the musical, in a voice so different from his own
Next up on the list: Reconstruction, a time deeply infused with the legacy of racial prejudice, civil- and voting-rights violations, and power politics. The effort is timely. On its sesquicentennial, for example, Memphis, Tennessee, recently memorialized an 1866 massacre in which, following the rumor of a freedman’s insurrection, 48 people were murdered and hundreds more badly beaten or raped by rampaging white mobs over a 36-hour period. Horrors like that are why the National Park Service has called the aftermath of the Civil War “one of the most complicated, poorly understood, and significant periods in American history.” Millions of former slaves found liberation, but they had to create a new community for themselves inside a very fragile nation—one in which many residents of the former Confederacy found the new realities of abolition and military defeat repugnant. Citing Reconstruction scholarship as “slow to enter public consciousness,” this year the National Park Service published a handbook for rangers and historians to ensure that “discredited legends” (like neo-Confederate claims that the Civil War had nothing to do with slavery) don’t “stand in place of historical fact.” [link]