This is Bloomberg Opinion Today, a citizenship exam of Bloomberg Opinion's opinions. Sign up here. Today's AgendaHow would you do? Photographer: MediaNews Group/Boulder Daily Ca/MediaNews Group RM/Getty Images This Is a TestThere is a whole comedic-industrial complex, with Jimmy Kimmel at its head, dedicated to asking Americans simple questions (name any book, name any country, etc.) and watching them hilariously fail to answer. It's funny because we're doomed! One irony is that, at a time when a large percentage of Americans want to turn away immigrants, the vast majority of Americans would likely flunk the test newcomers must pass to become citizens. David Shipley recently found his grandfather's prep notes for the citizenship exam he took after escaping Nazi Germany to come to America. We've put together an interactive quiz with 12 of the questions he had to answer. Because Bloomberg Opinion Today subscribers are the smartest, most physically attractive people in the world, you'll probably get all 12 of them right. If only there were more Americans like you. Knowledgeable, I mean, not just newsletter subscribers. Anyway, however you fare on the exam, you'll admit these questions are still as relevant as they were in 1944. There are basic facts about America's system and history Americans should always know, even if our interpretation of them changes with time, a "revisionism" Tyler Cowen calls perfectly healthy. "Perhaps there's a tendency, with things that are bestowed on us, to take them for granted," David writes in his column. It may explain why so many of us can't name the original 13 colonies or even find the U.S. on a map. Ignorance is one of America's many freedoms, listed right there in the Constitution (please don't check this). But we'd all be better citizens, and a stronger country, if we could understand the place as well as the people whose citizenship was not inherited but earned. The Jobs Are All RightThe June jobs report had something for everybody. It was good, but not so good as to suggest a fire brigade needs to douse an overheating economy. Because economics is mostly a series of arguments, many people are watching jobs numbers for evidence to back up their view on the pandemic's bonus unemployment benefits. Some say they're hurting the economy by discouraging workers. Some say they're not. The jobs numbers this week were a mixed bag on this, too, writes Lisa Abramowicz. Yes, on the margins, jobless claims suggest some people may be staying home because of unemployment benefits. But many more aren't forgoing employment for a $300 check. These checks offer no benefits or paid time off, remember. Anyway, we just added 850,000 jobs in one month, for gosh sake! The overall boon to the economy that the extra unemployment benefits provided has been worth it. Gender Gap Check: Yep, Still Wide OpenAn evergreen topic for business journalism is the one about how companies and people should be more open about their salaries. It's an idea with lots of support that never goes anywhere, maybe because the inequities exposed would embarrass all involved. Though public companies are forced to reveal the salaries of their highest-paid employees, Michelle Leder notes they're often hard to find. She digs through filings and finds example after example of how top women executives are paid much less than men for doing the same job. The new CFO of BJ's Wholesale, for example, makes about $200,000 less than her male predecessor. These examples need much more daylight, and there's only so much Michelle can do. Telltale ChartsThe OPEC+ coalition is once again on the rocks, with the UAE wanting to pump more oil and its partners reluctant, writes Julian Lee. This could lead to another debacle like the one that brought us negative oil prices last year. Further ReadingRather than judging President Joe Biden's Pentagon budget by size, we should scrutinize how the money is spent. — Bloomberg's editorial board Donald Trump might have a hard time claiming ignorance of Allen Weisselberg's actions. — Tim O'Brien Biden will be a tougher adversary for China than Trump, but he is also open to cooperation. Xi should jump at the chance. — Minxin Pei War tribunals aren't as useful as revolutions for bringing war criminals to justice. — Eli Lake The U.K.-Russia Black Sea incident is just part of a growing global confrontation. — James Stavridis The second-home market is cooling off a bit. That doesn't mean you should jump into it. — Alexis Leondis ICYMIA cargo jet ditched off the coast of Hawaii. Former Trump Organization executives see the beginning of the end. The Johnson & Johnson shot works on the delta variant. KickersAspirin might cut cancer deaths by 20%. At 82, Wally Funk is finally going to space. Area man thinks grilling is bad. AI may not write well, but it can create art (like the piece below, for example). Notes: The newsletter will be off grilling on Monday. Please send AI art and complaints to Mark Gongloff at mgongloff1@bloomberg.net. Sign up here and follow us on Twitter and Facebook. |
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