This mini-boom is unusual in the developed economies and is going to be good for the US economy in general. It will unfortunately suck for the members of that generation themselves, since they will spend their whole lives competing with more of their peers than we did. It will be particularly good for the generation *before* them — mine — currently in their 30s, who will get a cheaper workforce and easier hiring.

The most horrifying part of this story is that the US military resented the “interference” of civilian authority in their ability to launch nuclear missiles, which is why they deliberately made the codes unnecessary, and their supposed superiors on the civilian side didn’t find out about this until an article in the press.

The TLDR: when the stock market tanks, it becomes a better use of spare cash to buy equity in other companies (or buy back your own stock) than to invest in new ventures or increased capacity. The former leads to an improvement in the stock market, the latter produces new jobs. The net result is that new jobs are less likely to be created until *after* the stock market has fully recovered — which in the case of the current recession happened only this year. Which means we should be looking for strong growth in jobs to finally return in 2014.

"And for those who resist that idea that we should think about something like these ‘stand your ground’ laws, I just ask people to consider if Trayvon Martin was of age and armed, could he have stood his ground on that sidewalk? And do we actually think that he would have been justified in shooting Mr. Zimmerman, who had followed him in a car, because he felt threatened?"