It’s not quite the economy, stupid. Affordability has become the core issue and key buzzword of the upcoming midterms. But what do people, particularly young ones, mean when they say it? It turns out that when you ask people about affordability, they’re not necessarily talking about “the costs of goods that surged in the wake of the pandemic, like gas, cars and food.” In the NYT(Gift Article), Nate Cohn tries to make sense of the latest polling on the topic, and to explain why there’s a somewhat unusual disconnect between the concerns about affordability and the overall job market and economy. What people seem to be most disillusioned about is “the rising price of entry for a middle-class life: buying a home; paying for child care, college and health care; saving for retirement, and so on. These are familiar issues in American politics, but they add up to an entirely different problem under the all-encompassing label of affordability. The difficulty of purchasing a ticket to the middle class has created a sense that the economy isn’t working, even when the economy isn’t so bad by usual measures like growth or unemployment.” What Americans Really Mean by Affordability. Among young people, there seems to be a general sense that they can afford a hat, but they don’t believe they’ll ever have a place to hang it. “Around half of them said they worried most about affording housing, more than every other item combined, including retirement, health care, education, bills, cars and food.” (Attached ballroom, optional...) 2Career Building“For decades, the American law school has served as a popular hedge against a cooling economy. When the ‘Help Wanted’ signs disappear, the ‘J.D.’ applications surge.” Well, applications to law schools are surging. Big time. “The number of U.S. law school applicants for the 2026 cycle is up an estimated 17 percent from last year, according to data from the American Bar Association compiled by the Law School Admission Council. That figure is a staggering 44 percent increase from just two years ago.” But this cycle, things are a little more uncertain. And that’s not just because it’s unclear whether we’ll have laws in America by the time these students graduate. “New limits on student loans that go into effect this year could make financing a degree more expensive. And artificial intelligence threatens to bring major changes to the industry, affecting which jobs are available and how much they pay.” Interest in Law School Is Surging. A.I. Makes the Payoff Less Certain. 3Membership Has Its RewardsGroucho Marx famously explained, “I refuse to join any club that would have me as a member.” But the truth is that making others feel welcomed as a member of a club, organization, or political movement is one of the core determinants of long-term growth. In the New Yorker, the always interesting Charles Duhigg examines the differences between organizing and mobilizing, and several other factors that determine whether or not organizations become effective. What MAGA Can Teach Democrats About Organizing—and Infighting. “Republicans have become adept at creating broad coalitions in which supporting Trump is the only requirement.” (If you’re still for an America that remains a liberal democracy, consider yourself welcome in my coalition.) “The sociologist Liz McKenna, of Harvard, told me that movements succeed best when people feel welcome. A movement becomes sustainable when members feel empowered and find friends. ‘The left loves big protests, but protesting is a tactic in search of a strategy,’ she said. There must be some shared core values among a movement’s members, of course, but the requirement can’t be that every value is shared. ‘Making room for difference isn’t a nice-to-have thing—it’s table stakes,’ she told me. ‘The rallies are by-products of the community, not the goal.’ Most of all, even though anger can be useful, a movement also needs to provide some joy. ‘Trump rallies are fun,’ McKenna noted. ‘The Turning Point campus debates are fun.’ For a long time, she said, the left was less fun and more angry, ‘and so the right was out-organizing them at every turn.’” 4Citius, Altius, Fortius ... DitiorThe Latin motto of the Olympic Games translates as, Faster, Higher, Stronger. It might be time to add a new word to the motto: Richer. “Team USA has won more Olympic medals than any other nation on earth. But unlike other powerhouses of the Games, the U.S. government doesn’t spend a dime rewarding Olympic athletes. Any prize money comes mainly from sponsorship and the sale of broadcast rights. One man is hoping to give them a little more financial security. Starting from the Milan Cortina Olympics next month, financier Ross Stevens will give $200,000 to each U.S. Olympic and Paralympic athlete, regardless of performance.” WSJ (Gift Article): The U.S. Government Doesn’t Fund Olympic Athletes. So One Man Is Paying Them $200,000 Each. 5Extra, ExtraOutstretched Armada: “Mr. Trump gave no specifics about the deal he was demanding, saying only that a ‘massive Armada’ was heading toward Iran and that the country should make a deal. But U.S. and European officials say that in talks, they have put three demands in front of the Iranians: a permanent end to all enrichment of uranium, limits on the range and number of their ballistic missiles, and an end to all support for proxy groups in the Middle East, including Hamas, Hezbollah and the Houthis operating in Yemen. Notably absent from those demands — and from Mr. Trump’s post on Truth Social on Wednesday morning — was any reference to protecting the protesters who took to the streets in Iran in December.” NYT (Gift Article): Trump Threatens Iran With ‘Massive Armada’ and Presses a Set of Demands. 6Bottom of the News“As the storm recedes, residents of lesser-affected areas might be tempted to whip up bowls of ‘snow cream’ — snow combined with milk, sugar and vanilla — after seeing techniques demonstrated on TikTok. Others might want to try ‘sugar on snow,’ a taffy-like confection made by pouring hot maple syrup onto a plate of snow.” After one of the biggest and broadest storms of the season, I guess you’d have to call this a public service announcement. Eating snow cones or snow cream can be a winter delight, if done safely.
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Wednesday, January 28, 2026
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