It’s the picture worth 100,000 words, the way people signal that they’ve “made it” as a writer, and it’s become an icon of the modern literary era. Jordan Michelman on the Publishers Marketplace book-deal social-media post:
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"The Atlantic will be the organ of no party or clique, but will honestly endeavor to be the exponent of what its conductors believe to be the American idea." —James Russell Lowell, November 1857 For more than 150 years, The Atlantic has shaped the national debate on politics, business, foreign affairs, and cultural trends.
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With Donald Trump as president, more and more young men will enter the “bro-economy: a volatile, speculative, and extremely online casino, in which the house is already winning big,” Annie Lowrey writes. https://lnkd.in/gJ9A4xwJ The barriers to entry in the bro-economy are low, yet the risks are high. Day-trading has become hyper-speculative betting done with borrowed money on mobile apps, Lowrey writes. Many market-moving rumors come not from corporate conferences, but from sites like youTube and Reddit. A 2018 Supreme Court decision paved the way for more than three dozen states to okay sports betting and 20 states to allow residents to make wagers online. An estimated two in five American adults now engage in sport betting. In a survey, nearly 40 percent of online bettors said they bet more than they should and nearly 20 percent said they’d lost cash that was meant for their day-to-day financial obligations. A strong majority supported the federal government “aggressively” regulating the market, “to specifically protect customers from compulsive gambling.” Today, roughly one in three young people has traded in or used crypto. Sites such as Robinhood and Coinbase make purchasing easy. And though Trump used to be anti-crypto, he is now not just promoting shady crypto start-ups, but promising regulation that would allow banks to offer crypto assets to clients. Industry-friendly rules would lead to a flood of cash entering the crypto markets, enriching anyone with assets already in their wallets, but also increasing volatility and exposing millions more Americans to scams. The players in this casino are overwhelmingly young men, many of whom feel shut out of traditional wealth-building strategies, such as homeownership. Men also tend to have a penchant for risk, which the bro-economy exploits. “Many folks trade crypto and meme stocks on the same platform, thumbing over to a second app to keep their sports bets going, thumbing over again to post their wins and losses,” Lowrey writes at the link in our bio. “Apps have made the experience social. They have also made staking money as frictionless as ordering Uber Eats.”
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Anxiety and depression are growing problems in the U.S. "I believe that this is not because we’re thinking too much about the hard questions of life, but too little," Arthur Brooks writes. He offers a routine for pondering life's biggest mysteries:
Three Ways to Become a Deeper Thinker
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Give stories to sustain a curious mind, all year long. A gift subscription includes unlimited access to The Atlantic, 12 magazine issues, narrated articles and podcasts, and—for a limited time—a free tote. Give today for less than $2 a week: https://lnkd.in/geeVWje3
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Matt Gaetz has officially withdrawn from being considered to be the next Attorney General, David A. Graham writes. The move comes after bipartisan outcry against the nomination, and forces Trump to nominate a contender with the ability to be confirmed:
Trump’s First Defeat
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Scholastique Mukasonga’s latest novel suggests that marginalized believers might need to look outside the traditional bounds of Christianity to find true spiritual freedom, writes Tope Folarin:
In Search of a Faith Beyond Religion
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Pete Hegseth has a history of scandals and few qualifications to serve as secretary of defense—but this may be a distraction from a far greater danger, Tom Nichols tells Hanna Rosin on "Radio Atlantic":
What Pete Hegseth’s Nomination Is Really About
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A new book, "High and Rising," revisits De La Soul's decision to renounce its debut album. Marc Weingarten argues that the move was tragic not just for the revolutionary trio but for the future of hip-hop:
What De La Soul’s Big Mistake Cost Hip-Hop
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Apple’s new notification summaries are taking the delight out of texting, Lila Shroff writes:
Apple Lost the Plot on Texting
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There are thousands of dog toys. So why are so many dogs obsessed with Lamb Chop, a stuffed-animal version of the 1960s puppet? Kate Lindsay investigates:
Why Are Dogs So Obsessed With Lamb Chop?
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