Links of Interest for January 5, 2023
A quartet of interesting links and listens that I came across this week.
- The $42 Billion Question: Why Aren’t Americans Ditching Big Banks?
- Wall Street Journal reporter Dion Rabouin asks why aren't we moving our money to banks and other institutions that are offering a higher return on our deposits. In theory, Americans have missed out on $42 billion by banking with the big boys. If I can play amateur financial advisor for a second: move some of your money into savings bonds or treasury bills. You can buy a 4-week or 8-week treasury bill and reinvest it once it matures. Over the course of a year, that can work out to about a 3% yield. Aside: Rabouin was handcuffed by Phoenix police while reporting this story.
- Your Memories. Their Cloud.
- Kashmir Hill of the New York Times reminds us to back up important photos and documents in case Google, Apple, or Meta decides to terminate access to your photos, documents, and memories.
- The Origins of America's White Jesus (audio)
- WNYC re-released this episode late last month. Jesus Christ isn't universally depicted as a fair-skinned white man. This episode discusses the pervasiveness of “white Jesus” imagery in the United States.
- What Comes After Globalization? (audio)
- Foreign Affairs interviews Rana Foroohar, author of Homecoming: The Path to Prosperity in a Post-Global World, about what’s next now that globalization seems to be on the decline in a post-financial crisis, post-Covid, post-🍊 world.