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I hadn’t been in the living room of Gay Talese’s East Side brownstone more than 10 minutes before he said, “You wouldn’t go to a wedding or a job interview dressed like that, would you?” Probably not. I was wearing a puffy Dodger-blue hoodie over a dress shirt. Did Talese equate our author-writer conversation with the formality of occasions such as a wedding? Probably so, and he’s long regarded sartorial style as a sign of respect. “When I go to interview someone,” he tells me, “I always felt I was representing myself as a professional and I had to dress the part. It’s a sense of separateness, not protection; a sense of self and pride. Most people will dress for a funeral. I dress for being alive, not being dead.…

Bravo to the central bankers, says The Economist. The likes of the Bank of England and the US Federal Reserve appear to have pulled off mission impossible – bringing down inflation without crashing the economy. In 2022 the average rate of inflation across developed countries peaked at about 10%. Large interest rate hikes followed and inflation in most developed economies has now fallen below 3% (annual UK inflation was 2.2% in July). Previous central banks’ battles with inflation tamed prices only at the cost of “deep” recessions. While the going has been tough this time, severe pain has been avoided. Interestrate theory worked in practice, with hikes causing just enough cooling in labour markets to ease wage pressure, but not so much that they triggered mass unemployment. Self-serving narrative A…

“Not bad,” Madam Vice President, said William Kristol in The Bulwark. “Pretty damn impressive, in fact.” Kamala Harris wrapped up last week’s Democratic National Convention with a stirring address that established her as a vigorous, centrist, and unabashedly patriotic leader—everything that Donald Trump is not. As flag-waving delegates in the Chicago arena chanted “USA! USA!” the Democratic presidential nominee reintroduced herself as a child of immigrants whose story, she explained, “could only be written in the greatest nation on Earth.” She spoke of “the privilege and pride of being an American,” vowed to bolster border security, and called for “optimism and faith” in the fight for American ideals. “Yes, this was a Democrat talking,” said Peter Hamby in Puck. There were, of course, “paeans to diversity and pluralism.” But Harris’…