Friday, November 26, 2021

PRICE RISES AND TIME SLIPPING

You know the nearer your destination, the more you're slip slidin' away. ~ Paul Simon   

Is it time to travel? Seems so. Many more people have travelled to eat green bean casserole with distant relatives and friends. AAA expected more than 53 million people will travel during this Thanksgiving holiday, the highest single-year increase since 2005. We’re clearly more on the move than last year.

Perhaps high-flying sojourners are attempting to escape increasingly tumultuous, rising prices in their localities. The media and others have been proclaiming inflation as a big, but non-transitory issue facing President Biden.

Indeed, prices facing consumers are elevating. The year-over-year Consumer Price Index (CPI) for October increased 6.2%, the highest in 30 years. Gasoline prices rose 49.6%, the second-highest increase of any CPI item. Meats, poultry, fish, and eggs’ prices increased 11.9%, that you’ve already witnessed at your grocery’s check-out. Amazon’s prices on more than 20,000 popular items increased 7.5% in October from a year ago.

Are these price surges connected with the president’s increasingly dire poll numbers? Maybe, although it’s by no means conclusive. Time may tell.

Unfortunately, every president including Mr. Biden has few direct means of quickly controlling rising prices of final goods and services. President Biden’s statements that his newly-signed $1.2T of infrastructure expenditures will reduce inflation may be true ultimately, but only after all the bridges, highways, power lines and Amtrak have been revitalized eight years from now. Large-scale infrastructure projects take considerable time to start, and a long time to be completed. Needed infrastructure improvements will not reduce inflation between now and the mid-term elections.

We economists maintain, with fingers crossed behind our backs, that prices are simply a consequence of how market supply and market demand are interacting. When consumer demand increases more than supply, as seems to be happening for a while, prices will rise, as they have been. Alas, economic models are far less definitive about the duration of upward price pressures.

Even as the Federal Reserve and the president maintain such price increases are merely “transitory,” monthly consumer price increases have averaged 8% since April. October’s annualized monthly increase is 10.8%. No wonder inflation is becoming a beyond-transitory issue for the administration.

To show that he’s doing something, the president has ordered that 50 million barrels be sold from the US Strategic Petroleum Reserve, to increase the domestic supply of oil products. He also requested that OPEC increase its production. Nice try Joe, but such efforts at best may have some momentary political benefit, but no substantive market effect for lowering gas prices or inflationary pressures. OPEC predictably declined his request. Fifty million barrels represents just 2 ½ days of total US oil consumption; and a mere 8% of the Reserve (that at some point will need to be replaced at likely higher-per-barrel prices).  

Interestingly, although transportation expenditures’ costs rose 4.5% over the past year, airline fares taxied downward at 4.6%. Maybe these declines, in addition to the public’s strong, pent-up desires to share turkey and tofurkey, spurred the rush into cramped airplane seats.

Nevertheless, a small number of travelers aren’t flying or driving. Nope, they’re following time-slips.

If you aren’t familiar with time-slips, they refer to fleeting, temporal anomalies experienced by individuals. A sort of accidental, serendipitous time travel. Such time crossings are not extended adventures such as Mark Twain described in his pioneering 1889 time-travel novel, A Connecticut Yankee in King Arthur’s Court. I enjoyed reading this book last year.

Twain’s popular book portrays Yankee engineer Hank Morgan as he somehow finds himself, after being hit on his head, transported from late 19th-century New England into non-new England during the reign of King Arthur in the 6th-century. The original frontispiece from A Connecticut Yankee in King Arthur’s Court is shown below, where a mounted, armored knight with a lance is charging Mr. Morgan up a tree. It describes the considerable period and many adventures that Mr. Morgan experienced in Camelot. His ventures allowed Mark Twain to comment on then-contemporary American society and as well as parody the idea of chivalry and the legend of King Arthur’s Camelot.


Source: Wikipedia

Time travel didn’t stop in the late 1800s. Modern tales of people who have experienced transitory time-slips (time-slippers?) describe them as short excursions back in time at the spot where the person happens to be right before the slippage. Some time-slippers travel far rearward in history, others not so far.

Buckle up for the several time-slip accounts. In July 1996, Frank, an off-duty policeman, walked down a street in central Liverpool, Merseyside, England to shop at Dillon’s Bookshop. As he walked, he noticed the street was now cobbled. It hadn’t been before he started; pedestrians were now wearing clothes appropriate for 40 or so years prior, not 1996 contemporary. He crossed the cobbled street and noticed instead of Dillon’s was a store named Cripps, selling handbags and women’s shoes. Frank saw a woman dressed in 1990s clothes enter Cripps looking perplexed. Suddenly, the whole scene revered back to 1996 and the cobblestones and Cripps disappeared. Frank asked the woman if she’d seen the same strange, time-warped things; she said yes. Frank later found out that a women’s haberdashery called Cripps operated on the Dillon’s bookstore site in the 1950s.

Another time-slipper vividly saw medieval boats sailing on a British river next to the ancient castle he was visiting in Wales, and then suddenly the boats vanished as he returned to the present-day. Two young women were walking up a densely-wooded local hill in northwest England during the summer on a trail they had hiked on many times before. On this hike they saw for the first time an old-fashioned, rough-stone cottage amid the trees that reminded them of a dwelling “from the Middle Ages.” There was smoke wafting out of the chimney and the door began to open as they came closer. They promptly fled down the hill and haven’t seen the ancient cottage ever again on this trail.

These time-slip recountings offer a however brief alternative to our usual linear sense of time. Also, they perhaps bear the idea that time is more than a one-way throughfare to the hereafter.

Perhaps President Biden would wish to time-slip himself back to 1965, when inflation was a trifling 1.6%. And when the Dems enjoyed impressively formidable control of both the House and Senate after Lyndon Johnson’s giant victory over Barry Goldwater. The Dems margin in the 1965 House was +155 representatives; in the Senate it was a 36-senator, filibuster-proof majority margin. Those were the days, sort of.

Here’s to slipping through time as easily and interestingly as possible.

 


 

Saturday, November 13, 2021

CALENDARS, JUST IN THE NICK OF TIME

 I’ve been on a calendar, but I’ve never been on time. ~ Marilyn Monroe

Today’s date is November 13, 2021, as well as Alban 22, 1400, October 31, 2021 and 2459532.18830. I’ll explain each of these “today’s” dates shortly. There’s a long, fascinating history behind this date, and for that matter, any calendar date.

Several noteworthy events have occurred on November 13, including:

1775 - During the American Revolution, US forces captured Montreal.

1956 - The US Supreme Court struck down laws calling for racial segregation on public buses.

1971 - The US spacecraft Mariner 9 became the first spacecraft to orbit another planet, Mars.

1995 - Greg Maddox of the Atlanta Braves became the first major league pitcher to win four consecutive Cy Young Awards.

Why do we know when these events happened? Because of calendars. A calendar is a methodical ordering of days, months and years. Many diverse calendars, using different day-ordering systems, have been and are still being used. Calendar cognoscenti say there are about 40 different calendars now being utilized around the globe. Wikipedia displays an impressive 86 calendars in its list.

The word “calendar” is derived from calendae, the Roman designation for the first day of the month, when debts were due to be paid. I was told the “…ar” ending in the word calendar, which is much rarer than the usual “…er” ending syllable, notes a Sumerian dialect as its prime source.

For the past 439 years, virtually all of us have been using the Gregorian calendar as a basis for defining our day-to-day lives through the years. Ever since homo sapiens gained some sense of awareness of their larger surroundings – at least one hundred thousand years ago, perhaps much longer ago – they noted the daily cycle of each day, the roughly monthly cycle of the moon (29.53 days) and earth’s yearly cycle around the sun (365.242190 days in 2021).

The passage of the moon and the sun have always been the most prominent, regular, repeated events useful for keeping track of time. Virtually every human calendar uses some combination of lunar or solar periodicity, which is why many calendars are called lunisolar, whose date indicates both the moon phase and the time of the solar year.

Subsequent to the initial development of written records in the Near East, the first documented calendars are Bronze Age Sumerian/Babylonian calendars from 12,000 years ago. These calendars’ years began during the spring season with each of their lunar months (starting with a setting, new crescent moon), plus an intercalary “leap month” that could be inserted by decree. The intercalary period served to inflate the year’s number of days, allowing the annual calendar to follow the seasons. Such adjustments were important because the shorter 12 lunar months add up to almost 11 fewer annual sidereal days.

The Babylonian calendar was followed by Zoroastrian and Persian ones. Evidence of Persian calendars has been found from the second millennium BCE. Persian calendars have been altered many times for a variety of religious and administrative motivations. The calendars’ twelve 30-day months were each named for festivals or activities during the year. An intercalary phase was added periodically to harmonize the calendar with the seasons.

The 11th-century Persian intellect Omar Khayyam – a true Renaissance man, several centuries or so before its time in Italy – lay the formulation and structure for one of the most accurate, ancient calendars. In 1079, Khayyam made astronomical observations and announced a new calendar whose year-length was measured as 365.242198 days. This 942-year-old estimate represents astounding accuracy, fully comparable to modern calculations. Today’s date is Alban 22, 1400 in the Persian calendar.

The Persian year usually begins within a day of the northern vernal equinox, March 20-21 in the Gregorian calendar. The Persian calendar was one of the first to be based on the solar year, rather than a lunar or lunisolar approach. That’s consistent with the sun’s being a divine and religious symbol in Persian culture.

The Hindu calendar has been guiding people on the Indian continent probably since 1700 BCE and continues to be used by Hindus around the world to determine festival dates. The ancient Hindu calendar ordering system is also seen the Babylonian calendar, as well as the Hebrew and Chinese calendars.

The Hindu system differs from the Gregorian calendar. Unlike the initial Gregorian calendar, which added days to several lunar months to synchronize lunar cycles and the sidereal year, the Hindu calendar maintains every lunar month, and inserts a full-month intercalary period every 32–33 months. This ensures that festivals and agriculture-related rituals that are spread throughout the year occur during the appropriate season. An elegant Hindu calendar from 1871 is shown below.

 

Hindu calendar

The first Roman calendars also followed lunar month cycles. Each month had several principal days, including the first day (the kalends) and a day a bit before the middle of the month (the ides). Thus, these calendars had more ides beyond just March. For centuries, the Romans had eight-day weeks, two millennia before the Beatles’ song.[1] It wasn’t until 321 CE that Emperor Constantine eventually established a seven-day week in the Roman calendar.

Interestingly, the Babylonians were astute observers of the skies, and it is largely thanks to them that Constantine changed the week’s length. The reason the Babylonians first adopted seven days was they saw seven celestial bodies that were deemed preeminent — the sun, the moon, Mercury, Venus, Mars, Jupiter and Saturn. The chart below shows how each of the seven weekdays were named.

Weekday

Named after

Sunday

the celestial body, Sun.

Monday

the celestial body, Moon.

Tuesday

Tiu, the Anglo-Saxon god of war. The Romans named their third day of the week after Mars, their god of war. That is why romantic languages like Spanish, French and Italian all have similar names for Tuesday: martes, mardi, and martedi.

Wednesday

Woden, the Norse god of war.

Thursday

Thor, the Norse god of thunder and lightning.

Friday

Frigg, the wife of Woden, representing love and beauty.

Saturday

Saturn, the Roman god of agriculture.

 Way before Constantine, Julius Caesar reformed the Empire’s existing calendar in 45 BCE with help from Greek mathematicians. This new calendar, the Julian calendar, became a solar calendar. Today’s Julian calendar date is Oct. 31, 2021, Halloween (again)!

Two changes were made. Simply put, the first modification realigned the Julian calendar year to be consistent with a solar year and became 365 days long. This was done by inflating the number of days in several old Roman months. Second, a leap day was added to February every four years, making average Julian year-length, 365.25 days. And eventually, the seventh month turned into July (after Julius Caesar) followed by August (after Caesar Augustus).

The Julian calendar became the principal calendar in the Roman Empire and subsequently in most of the Western world for more than 1,600 years.

However, the Roman Catholic Church noticed that the Julian system had caused the calendar to drift relative to the spring and fall equinoxes. This was important because the Julian calendar’s excess leap days caused the northern hemisphere’s spring equinox to happen considerably before March 20 or 21 and thus affected the church’s crucial spring celebration, the lunar-based Easter Sunday mass[2].

With such motivation, Pope Gregory XIII proclaimed in 1582 a minor but crucial calendar modification which reduced the average length of the Julian year from 365.25 days to 365.2425 days. The Gregorian calendar thus more closely approximates the 365.242190-day solar year that it takes the Earth to make one revolution around the Sun.

The Gregorian calendar change does this by spacing leap years beyond the Julian method of simply saying a leap year is one that is exactly divisible by four. Gregorian leap years include the Julian method, but go beyond it. The further delineation for Gregorian leap-years is for years which are exactly divisible by 100, like 2000 was. These years are only a leap year if they are exactly divisible by 400. Thus, the century year that will begin on Friday, Jan. 1, 2100 is not a Gregorian leap year nor was 1900. But 2000 was and 2400 will be. Consequently, the Gregorian calendar corrected the Julian calendar's wandering away from the solar year and has been with us on our spinning globe ever since 1582.

Another calendar mechanism is the Julian day. No, it’s not an update of the ancient Julian calendar. The Julian day format, also called the ordinal format, is yyyyddd (first four digits signify the year, the next three refer to the numeric day of the year). Today’s Julian day date is thus 2021313. The format is used in computer programming and by the military.

Confusingly, there is also a Julian Date Number (JDN) used by astronomers, other skyward-looking scientists and in software. It is the strangest calendar mechanism I found. This date is today’s contiguous number of days, and fractions of days, since the beginning of the Julian Period, which is defined at noon Universal Time on Jan. 1, 4713 BCE. Really? Today’s JDN, at 08:30 PST (drum-roll please) is 2459532.18830, which is a whole lot of days and digits.

Why Jan. 1, 4713 BCE? Because Joseph Scaliger devised this calendar mechanism in 1583, one year after the Gregorian calendar began. And he chose the Julian Period to begin on the date when the Julian calendar, the Lunar calendar and the Roman Tax calendar all coincided – Jan. 1, 4713 BCE. Also, this date apparently is the most recent day in which the year began on a Sunday with a full moon.

No matter how you choose to label today, I hope it’s a good date for you.

 



[1] The Beatles’ Eight Days a Week was recorded in 1964: “Hold me, love me, hold me, love me, I ain't got nothing but love, babe, eight days a week.”

[2] The date of Roman Catholic Easter is the Sunday on or after the first full moon following the spring equinox.