With Biden preparing to take office today, a short reflection about being in higher ed teaching media courses the past four years: 1/
So I want to tell you a story I haven’t told anyone before. 4/
She’s an amazing person and I wish you could know her. 5/
More important, she is a friend. One of those people that make academia rich because of the relationships we build. 6/
But my memory of that is she had a weary smile. I couldn’t believe she was smiling. 7/
Anyhow, I mentioned the students not wanting to come to class. 8/
So she and I hatched a plan.
I opened up my classroom to all majors. A room that seated 35 and had 30 students, and we just said we’ll take all comers. 9/
But we can’t recede into privilege and assume it’ll be fine. Because it won’t. 16/
More from Biden
So much happened yesterday. I'm going to collect my threads here on yesterday's big immigration news.
First, we got key details of Biden's big immigration
There is a LOT to like about this bill. I want to highlight some of the proposed changes beyond just legalization, including:
— Aaron Reichlin-Melnick (@ReichlinMelnick) January 20, 2021
- Ending the 3 & 10 year bars
- Curbing the "Muslim ban" authority
- Preventing "aging out" of children on nonimmigrant visas.https://t.co/jkFBIcNJEb
Once Biden had officially taken office, we got the first major action. As part of a standard transition process, the Biden White House froze all regulations which Trump had been trying to finalize at the last hour. I did a thread on what we
This is a standard order issued following every transition, but today it feels so important because of how many horrific things were in the pipeline.
— Aaron Reichlin-Melnick (@ReichlinMelnick) January 20, 2021
Here's a brief thread about some of the terrible anti-immigration regulations that didn't make it across the finish line.
1/ https://t.co/q0QpfVxPXm
Last night we started getting more changes. One of the first was an order telling CBP to stop putting people into the so-called "Migrant Protection Protocols," a cruel program that's left thousands in a dangerous limbo. But there's still more to do!
Incredible.\U0001f38a I am overwhelmed with joy that we are finally seeing the end to one of the most cruel and heartless policies of the last four years\u2014one that caused horrific damage to peoples' lives.
— Aaron Reichlin-Melnick (@ReichlinMelnick) January 21, 2021
The first part of the promise was kept. Now #LetThemIn!https://t.co/PZGrbvagaa https://t.co/PMeOxrKJvm
After that, we began getting the text of immigration executive orders. The first one put onto the White House's website was the order ending the Muslim Ban/Africa Ban and ordering the State Department to come up with a plan for reconsidering
\U0001f38aWe have our first immigration EO and it's the order ending the Muslim Ban/Africa Ban!
— Aaron Reichlin-Melnick (@ReichlinMelnick) January 21, 2021
The Bans "are a stain on our national conscience and are inconsistent with our long history of welcoming people of all faiths and no faith at all."https://t.co/4lh20OCCAY pic.twitter.com/8mW9wuPyzc
The next immigration executive order put on the White House's website revoked a Trump executive order from January 26, 2017 which made all undocumented immigrants a priority for deportation and directed a DHS-wide review of immigration
\U0001f38aSecond immigration EO! It is short. It establishes that Biden believes that immigration enforcement "requires setting priorities to best serve the national interest."
— Aaron Reichlin-Melnick (@ReichlinMelnick) January 21, 2021
It then revokes Trump's original EO that made all undocumented immigrants a priority.https://t.co/MvaeqPbiyK pic.twitter.com/dpkVZAKOT2
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Ironies of Luck https://t.co/5BPWGbAxFi
— Morgan Housel (@morganhousel) March 14, 2018
"Luck is the flip side of risk. They are mirrored cousins, driven by the same thing: You are one person in a 7 billion player game, and the accidental impact of other people\u2019s actions can be more consequential than your own."
I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.
In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.
So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.
Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.