The addams family values

Meghan Markle and Prince Harry's surprise announcement on Wednesday that they will step down as "senior" members of the British family and "work to become financially independent" of the monarchy raised many questions about their income. Now, we have some answers. The Duke and Duchess of Sussex launched a brand new website on Wednesday— SussexRoyal.com —after the bombshell news they will distance themselves from royal duties. The website expands on where their money currently comes from, who pays for their royal residence, Frogmore Cottage in Windsor, and travel, as well as how they will become financially independent. Meghan, 38, and Harry, 37 , said they will continue to support Queen Elizabeth II and honor their royal patronages—through which they are ambassadors for various charities—but have decided to split their time between the U.K. and North America going forward to "enable us to raise our son with an appreciation for the royal tradition into which he was born, … [Read more...] about Meghan and Harry Financial Independence—Who Pays For House and Travel?

One of the notable dynamics of American life today is that conservatives report being personally happier than liberals but also seem more politically discontented. The political left has become more institutionalist, more invested in experts and establishments, even as progressive culture seems more shadowed by unhappiness and even mental illness. Meanwhile conservatives claim greater contentment in their private lives — and then go out and vote for paranoid outsiders and burn-it-down populists. These dynamics aren’t entirely new: As Musa al-Gharbi writes in an essay for American Affairs, the happiness gap between liberals and conservatives is a persistent social-science finding, visible across several eras and many countries. Meanwhile, the view that “my life is pretty good, but the country is going to hell,” which seems to motivate a certain kind of middle-class Donald Trump supporter, would have been unsurprising to hear in a bar or at a barbecue in 1975 or 1990, no less than … [Read more...] about How the Right Turned Radical and the Left Became Depressed

On the morning of Oct. 5, President Bush and his education secretary, Margaret Spellings, paid a visit, along with camera crews from CNN and Fox News, to Friendship-Woodridge Elementary and Middle Campus, a charter public school in Washington. The president dropped in on two classrooms, where he asked the students, almost all of whom were African-American and poor, if they were planning to go to college. Every hand went up. “See, that’s a good sign,” the president told the students when they assembled later in the gym. “Going to college is an important goal for the future of the United States of America.” He singled out one student, a black eighth grader named Asia Goode, who came to Woodridge four years earlier reading “well below grade level.” But things had changed for Asia, according to the president. “Her teachers stayed after school to tutor her, and she caught up,” he said. “Asia is now an honors student. She loves reading, and she sings in the school choir.” Bush’s Woodridge … [Read more...] about What It Takes to Make a Student

I. A Broken Economy As Barack Obama prepares to accept the Democratic nomination this week, it is clear that the economic policies of the next president are going to be hugely important. Ever since Wall Street bankers were called back from their vacations last summer to deal with the convulsions in the mortgage market, the economy has been lurching from one crisis to the next. The International Monetary Fund has described the situation as “the largest financial shock since the Great Depression.” The details are too technical for most of us to understand. (They’re too technical for many bankers to understand, which is part of the problem.) But the root cause is simple enough. In some fundamental ways, the American economy has stopped working. The fact that the economy grows — that it produces more goods and services one year than it did in the previous one — no longer ensures that most families will benefit from its growth. For the first time on record, an economic expansion seems … [Read more...] about Obamanomics

Following is the transcript of Barack Obama's economic speech at Cooper Union in New York, as provided by CQ Transcriptions Inc. Thank you so much for being here. Let me begin by thanking Dr. Drucker and Cooper Union for hosting us here today. I have to say that the last time an Illinois politician made a speech here it was pretty good. So... (LAUGHTER) ... the bar is high. And I -- I want everybody to know right at the outset here that this may not be living for generations to come, the way Lincoln's speech did. I want to thank all our elected supporters who are here. I want to -- there are a couple of special guests that I'm very appreciative for being in attendance: Paul Volcker, the former chairman of the Federal Reserve Board... (APPLAUSE) We appreciate his presence. William Donaldson, the former chairman of the U.S. Securities and Exchange Commission. We thank you. And finally I want to thank the mayor of this great city, mayor Bloomberg, for his extraordinary … [Read more...] about Obama on ‘Renewing the American Economy’

RESTLESS GIANT The United States From Watergate to Bush v. Gore. By James T. Patterson. Illustrated. 448 pp. Oxford University Press. $35. THIS is first-rate history by a first-rate historian. Unlike many of his brethren, James T. Patterson can write, and he understands the value of vivid detail, using "Annie Hall," "Norma Rae" and "The Mary Tyler Moore Show" to help explain the women's movement. What's more, he can think, and he offers analysis and interpretation that is consistently sensible, if sometimes a trifle Panglossian. The events he describes make up the history -- social, economic and political -- of the United States during the final quarter of the 20th century, from Richard Nixon's departure from the White House and America's departure from Vietnam to the bitter partisanship of Bill Clinton's impeachment and Bush v. Gore. In between, he recalls the Ford and Carter administrations and the Iranian hostage crisis, the rise of Ronald Reagan and the resurgence of … [Read more...] about ‘Restless Giant’: The Rich and the Rest