Thanks ... and this after #FederalReserve Chair Powell again pushed back against such early rate cuts.
I do not recall in my career the persistence of such a large gap between repeated #Fed policy guidance and what the markets price in.
Regardless of who ends up… Show more
.jpg)
.jpg)
"A horrific recent trend of mass shootings has severely polarized Americans on the topic of firearms. At the center of this heated controversy lies the policy question of gun control: Should the government impose restrictions on firearms and other dangerous weapons to protect the public?
Conservatives turn to the Second Amendment to argue that the Constitution's right to bear arms is sacred; liberals will argue that conservatives are misinterpreting the Second Amendment and that gun control policies have been proven to save lives. The conservative rejoinder to gun control, of course, is that good people with guns can protect the public from bad people with guns.
Yet several recent studies have revealed the exact opposite: In regions dominated by pro-gun politicians, the number of gun deaths is far higher than in areas controlled by pro-gun control politicians.
The pattern of blue regions being safer than red regions held even when analyzing the two most common specific types of gun-related deaths, suicides and homicides.
.png)
Foremost among these studies is one produced by the Nationhood Lab at Salve Regina University's Pell Center for International Relations and Public Policy, and first reported on in Politico.
✓ After analyzing gun violence statistics from America's different cultural regions from 2010 to 2020, the authors found that the areas with the highest rates of gun deaths were consistently those run by Republican politicians.
> Compared to a national rate of 11.4 gun deaths per 100,000 people, the Deep South had 15.6, Greater Appalachia had 13.5, New France (including the heavily French areas of Louisiana) had 19.8 and the Spanish Caribbean (the heavily Latino areas of Florida) had 11.6. Similarly the First Nation (referring to the heavily indigenous areas of Alaska) had 27.6 (by far the largest of any region studied) and the Far West had 12.2.
✓ This is a stark contrast to those regions in the predominantly Democratic Northeastern, Mid-Atlantic and Midwestern states:
> Yankeedom, consisting of New England, upstate New York and the northern parts of the Midwest, has a rate of 8.6 gun deaths per 100,000 people; the "New Netherlands," which consists of New York City and its metropolitan area, has a rate of 3.8; the Left Coast has 9; Greater Polynesia, or Hawaii, has 3.5; El Norte, or the American Southwest, has 10; and both the Midlands and Tidewater regions, which include the Delaware River valley and Chesapeake Bay areas as well as parts of Virginia, then stretching through the Ohio River Valley and other parts of the Midwest, have rates of 10.9.
(It is important to note that some of these regions are much more highly populated than others.) All of those gun death rates are lower than the national average of 11.4 gun deaths per 100,000 people.
✓ "The Deep South is the most deadly of the large regions at 15.6 per 100,000 residents followed by Greater Appalachia at 13.5," explained Colin Woodard, director of the Nationhood Lab, in his Politico article breaking down the significance of the results. "That's triple and quadruple the rate of New Netherlands — the most densely populated part of the continent — which has a rate of 3.8, which is comparable to that of Switzerland. Yankeedom is the next safest at 8.6, which is about half that of Deep South, and Left Coast follows closely behind at 9."
Listen to the southern right talk about violence in America and you’d think New York City was as dangerous as Bakhmut on Ukraine’s eastern front.
In October, Florida’s Republican governor Ron DeSantis proclaimed crime in New York City was “out of control” and blamed it on George Soros. Another Sunshine State politico, former president Donald Trump, offered his native city up as a Democrat-run dystopia, one of those places “where the middle class used to flock to live the American dream are now war zones, literal war zones.” In May 2022, hours after 19 children were murdered at Robb Elementary in Uvalde, Texas, Republican Gov. Greg Abbott swatted back suggestions that the state could save lives by implementing tougher gun laws by proclaiming “Chicago and L.A. and NeAw York disprove that thesis.”
In reality, the region the Big Apple comprises most of is far and away the safest part of the U.S. mainland when it comes to gun violence, while the regions Florida and Texas belong to have per capita firearm death rates (homicides and suicides) three to four times higher than New York’s. On a regional basis it’s the southern swath of the country — in cities and rural areas alike — where the rate of deadly gun violence is most acute, regions where Republicans have dominated state governments for decades.
If you grew up in the coal mining region of eastern Pennsylvania your chance of dying of a gunshot is about half that if you grew up in the coalfields of West Virginia, three hundred miles to the southwest. Someone living in the most rural counties of South Carolina is more than three times as likely to be killed by gunshot than someone living in the equally rural counties of New York’s Adirondacks or the impoverished rural counties facing Mexico across the lower reaches of the Rio Grande.
. . .
For gun suicides, which is the most common method, the pattern is similar: New Netherland is the safest big region with a rate of just 1.4 deaths per 100,000, which makes it safer in this respect than Canada, Sweden or Switzerland. Yankeedom and Left Coast are also relatively safe, but Greater Appalachia surges to be the most dangerous with a rate nearly seven times higher than the Big Apple. The Far West becomes a danger zone too, with a rate just slightly better than its libertarian-minded Appalachian counterpart.
When you look at gun homicides alone, the Far West goes from being the second worst of the large regions for suicides to the third safest for homicides, a disparity not seen anyplace else, except to a much lesser degree in Greater Appalachia. New Netherland is once again the safest large region, with a gun homicide rate about a third that of the deadliest region, the Deep South.
We also compared the death rates for all these categories for just white Americans — the only ethno-racial group tracked by the CDC whose numbers were large enough to get accurate results across all regions. (For privacy reasons the agency suppresses county data with low numbers, which wreaks havoc on efforts to calculate rates for less numerous ethno-racial groups.) The pattern was essentially the same, except that Greater Appalachia became a hot spot for homicides.
The data did allow us to do a comparison of white and Black rates among people living in the 466 most urbanized U.S. counties, where 55 percent of all Americans live. In these “big city” counties there was a racial divergence in the regional pattern for homicides, with several regions that are among the safest in the analyses we’ve discussed so far — Yankeedom, Left Coast and the Midlands — becoming the most dangerous for African-Americans. Big urban counties in these regions have Black gun homicide rates that are 23 to 58 percent greater than the big urban counties in the Deep South, 13 to 35 percent greater than those in Greater Appalachia. Propelled by a handful of large metro hot spots — California’s Bay Area, Chicagoland, Detroit and Baltimore metro areas among them — this is the closest the data comes to endorsing Republican talking points on urban gun violence, though other large metros in those same regions have relatively low rates, including Boston, Hartford, Minneapolis, Seattle and Portland. New Netherland, however, remained the safest region for both white and Black Americans.
The data suppression issue prevented us from calculating the regional rates for just rural counties, but a glance at a map of the CDC’s smoothed county rates indicates rural Yankeedom, El Norte and the Midlands are very safe (even in terms of suicide), while rural areas of Greater Appalachia, Tidewater and (especially) Deep South are quite dangerous.
So what’s behind the stark contrasts between the regions?
.gif)
