Opinion | The Startling Evidence on Learning Loss Is In | Menopause And Dementia Risk: Here’s What to Know | Here's why some economists are concerned student loans may cause the next big bubble | Later

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� � � � � � Opinion | The Startling Evidence on Learning Loss Is In - The New York Times    In the thick of the Covid-19 pandemic, Congress sent $190 billion in aid to schools, stipulating that 20 percent of the funds had to be used for reversing learning setbacks. At the time, educators knew that the impact on how children learn would be significant, but the extent was not yet known. The evidence is now in, and it is startling. The school closures that took 50 million children out of classrooms at the start of the pandemic may prove to be the most damaging disruption in the history of American education. It also set student progress in math and reading back by two decades and widened the achievement gap that separates poor and wealthy children. These learning losses will remain unaddressed when the federal money runs out in 2024. Economists are predicting that this generation, with such a significant educational gap, will experience diminished lifetime earnings and become a significant drag on the economy. But education administrators and elected officials who should be mobilizing the country against this threat are not. Continued here � � � � � � Don't like ads? Go ad-free with TradeBriefs Premium Menopause And Dementia Risk: Here's What to Know - The New York Times    Neurological changes and menopausal symptoms are linked to dementia for some. Here’s what to know. Across the U.S., roughly 6 million adults 65 and over have Alzheimer’s disease. Almost two thirds of them are women — a discrepancy that researchers have long attributed to genetics and women’s longer life spans, among other reasons. But there is growing consensus that menopause may also be an important risk factor for the development of dementia later in life. Women going through the life phase, which is clinically defined as the end of fertility, face as many changes in the brain as in the ovaries, said Dr. Lisa Mosconi, a neuroscientist and director of the Women’s Brain Initiative at Weill Cornell Medicine. While the vast majority of women will weather these changes without long-term health consequences, about 20 percent will develop dementia in the decades that follow. Continued here � � � � � � Here's why some economists are concerned student loans may cause the next big bubble - CNBC    The U.S. has amassed more than $1.7 trillion in outstanding student debt, according to the Federal Reserve Bank of St. Louis. Billions of dollars worth of student loans are packed and sold as assets known as student loan asset-backed securities to some of the biggest investors in America. But as student loans continue to balloon, experts have expressed growing concerns surrounding the SLABS market. The worry is that SLABS could pose a systematic risk to the American economy, similar to how subprime mortgage-backed securities contributed to the crash back in 2008. Continued here � � � � � � Later - The New Yorker    Some years ago, the economist George Akerlof found himself faced with a simple task: mailing a box of clothes from India, where he was living, to the United States. The clothes belonged to his friend and colleague Joseph Stiglitz, who had left them behind when visiting, so Akerlof was eager to send the box off. But there was a problem. The combination of Indian bureaucracy and what Akerlof called “my own ineptitude in such matters” meant that doing so was going to be a hassle—indeed, he estimated that it would take an entire workday. So he put off dealing with it, week after week. This went on for more than eight months, and it was only shortly before Akerlof himself returned home that he managed to solve his problem: another friend happened to be sending some things back to the U.S., and Akerlof was able to add Stiglitz’s clothes to the shipment. Given the vagaries of intercontinental mail, it’s possible that Akerlof made it back to the States before Stiglitz’s shirts did. There’s something comforting about this story: even Nobel-winning economists procrastinate! Many of us go through life with an array of undone tasks, large and small, nibbling at our conscience. But Akerlof saw the experience, for all its familiarity, as mysterious. He genuinely intended to send the box to his friend, yet, as he wrote, in a paper called “Procrastination and Obedience” (1991), “each morning for over eight months I woke up and decided that the next morning would be the day to send the Stiglitz box.” He was always about to send the box, but the moment to act never arrived. Akerlof, who became one of the central figures in behavioral economics, came to the realization that procrastination might be more than just a bad habit. He argued that it revealed something important about the limits of rational thinking and that it could teach useful lessons about phenomena as diverse as substance abuse and savings habits. Since his essay was published, the study of procrastination has become a significant field in academia, with philosophers, psychologists, and economists all weighing in. Academics, who work for long periods in a self-directed fashion, may be especially prone to putting things off: surveys suggest that the vast majority of college students procrastinate, and articles in the literature of procrastination often allude to the author’s own problems with finishing the piece. (This article will be no exception.) But the academic buzz around the subject isn’t just a case of eggheads rationalizing their slothfulness. As various scholars argue in “The Thief of Time,” edited by Chrisoula Andreou and Mark D. White (Oxford; $65)—a collection of essays on procrastination, ranging from the resolutely theoretical to the surprisingly practical—the tendency raises fundamental philosophical and psychological issues. You may have thought, the last time you blew off work on a presentation to watch “How I Met Your Mother,” that you were just slacking. But from another angle you were actually engaging in a practice that illuminates the fluidity of human identity and the complicated relationship human beings have to time. Indeed, one essay, by the economist George Ainslie, a central figure in the study of procrastination, argues that dragging our heels is “as fundamental as the shape of time and could well be called the basic impulse.” Continued here

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