How do we compare the racial differences in home ownership?

To address this question we start with a recent post by Kevin Drum (10/23/2020): Are Black Homeowners Suffering from Slow Price Growth?

There’s no question that homes in majority-Black neighborhoods are undervalued compared to similar homes in majority-White neighborhoods, but do they also appreciate more slowly?

The article goes through four charts with the last one copied here.

However, if I were forced to choose one of these as the most telling, I’d take the Zillow chart since its data covers the entire nation and it provides a useful time series that fits what I know about the bubble-era lending industry—although I’d sure like to see it extended to the present. It shows that over a somewhat longish term, home appreciation has been lower in Black neighborhoods than in white neighborhoods, primarily because of a huge drop following the housing bubble. The culprit here, however, is not Black neighborhoods per se, but the mortgage industry, which oversold to Black borrowers during the bubble and drove prices far higher than even normal bubble standards. That wretched episode has been documented in considerable detail in a lot of places, but you can read a good outline here if you want to learn more.

One of the articles linked to is Devaluation of housing in black neighborhoods, Part 2: Appreciation by Joe Cortright (7/24/2019):

A key question the Brooking’s report leaves unanswered is whether the black/white housing differential is larger or smaller than it was 10 or 20 years ago.  If it was larger in the past and is smaller today, that implies that homes in majority black neighborhoods, although still undervalued relative to homes in predominantly white neighborhoods, have enjoyed greater relative appreciation. From the standpoint of wealth creation, the amount of appreciation since you bought your home is likely to matter more than whether the current price of your house is more or less than otherwise similar properties. Another way of expressing this is that homeowners in black neighborhoods had a lower purchase price (or basis) in their home, and even though it is still undervalued, it may have gained more value in percentage terms than homes in non-majority black neighborhoods.

Indeed, Dan Immergluck and his colleagues at the Georgia State University found that for those who bought homes in 2012, price appreciation for black homebuyers from 2012 through 2017 was higher than for white homebuyers.  Immergluck’s data show that in most markets, homes bought by black buyers appreciated more than homes bought by white homebuyers.

This article also references the Zillow study,  A House Divided – How Race Colors the Path to Homeownership by Skylar Olsen (1/15/2014), which includes a number of graphs related to homeownership by race. As Drum notes it would be nice if this study was updated.

The Face-to-Face Classroom isn’t Scalable

Photo by Bima Rahmanda from Unsplash


This is something different. Since many of the folks that read this blog are educators, I’m posting this essay by Michael Rogers ( (at) and myself. I hope you find it thought provoking.

The Face-to-Face Classroom isn’t Scalable

As covid-19 has required faculty to engage in different modes of teaching, moving us from face-to-face to various forms of remote, blended, or online learning it is natural for us to try and replicate the classroom experience by, for example, holding synchronous zoom classes. Instead we might step back and consider what it is about face-to-face teaching that makes it the seemingly “gold standard” of teaching. Is it simply that it is in person? Are the attributes of personal, engaging, and responsive what makes the small face-to-face classroom so valuable? On the other end of the spectrum what can we learn from fully automated online courses, which have their place for some learners, but lack the attributes of face-to-face classes? One of the distinct differences between fully automated online courses and face-to-face classes is that face-to-face is not scalable. According to Taleb in The Black Swan a profession that is “scalable” is one “in which you are not paid by the hour and thus subject to the limitation of the amount of your labor.” The context here is very similar in that the professor’s labor, the interaction with students, is a limitation on the number of students they can accommodate in a classroom. For example, a fully automated online course scales to as many students as want to take it with no extra effort on the part of an instructor, which decreases the cost per student. If a course is scalable it isn’t going to be personally responsive.

What we do in face-to-face classes really isn’t scalable. We know that there is a big difference between 20 and 300 students in a classroom which requires us to change our modes of instruction, assessments, feedback, student-student interactions, and student-teacher interactions as enrollment increases. When does the change happen? Going from a 300 to a 500-person lecture course likely does not require changing methods but moving from 20 to 60 will. Factors that can affect scalability include classroom design and technology. For example, the SCALE-UP project  has introductory science courses with 100+ students and uses a classroom design that has nine students sitting at round tables. So, while the overall enrollment is scaled up the classroom layout scales the learning experience back down to one that is responsive to the needs of the individual learner. As we navigate remote and online learning, we should ask ourselves if what we are doing is scalable or not and if it is scalable then we are likely not creating a personal learning environment and students may question the cost.

So, what makes face-to-face so effective? A successful curriculum will be designed for diverse learners with varying backgrounds, perspectives, and academic preparation. It will use multiple forms of engagement, representations, and expressions (Universal Design for Learning). It will be individualized and pluralized (Gardner). In short, the instructor and curriculum need to be responsive to those students in the classroom at that time. In face-to-face education faculty get to know their students and often see them in other courses and settings during their education. We talk with them before classes, after class, in the hallways, during office hours, etc. This helps faculty learn how to connect with and support individual students. This personal connection happens more in smaller classes than large lectures and is nonexistent in fully automated online courses.  It is much easier to provide feedback that is timely and personalized in the face-to-face environment. Instruction can be adjusted in real-time to address questions, confusion, and provide alternative explanations or representations. Also consider how often a student asks a question or a faculty member provides motivation when they happen to come in contact in a hallway or when passing an office.

A face-to-face class also allows for nonverbal communication and other transition cues. For example, when students are asked to discuss a topic with their group or neighbors the noise volume increases and as that volume decreases the instructor is receiving a cue to bring the students back together and transition into the next part of the lesson. This example is scalable from a small enrollment class to a large lecture hall but does not scale well to Remote (aka zoom) and Online. Seeing that someone is excited via their facial expressions works well in a small classroom environment but does not scale well to a large lecture hall and definitely doesn’t scale to remote where students may prefer to not turn their cameras on. Similarly, there are several nonverbal cues to let an instructor know that students are confused and that they need to either explain something again and/or in a different way.  In the face-to-face classroom instructors can quickly adjust using the nonverbal cues by, for example, interjecting a moment of socratic method or a think, pair, share session.  Instructors and students alike use hand gestures in a wide variety of ways such as the right-hand rule for remembering the vector cross-product or simply raising their hand to ask a question. Again, these do not easily scale to remote and online environments. While zoom participants can raise their virtual hand and enter comments and questions into the chat monitoring all of these different sources of information can be challenging even for a small class.

If all we do as teachers is move our content to videos or classes to zoom, which at first glance may seem close to having in person classes, we will have lost much of what makes face-to-face valuable. So, what do we do? First, we need to recognize what exactly has been lost and then consider how to replace that information. For example, how do we recover some of the lost nonverbal communication? We may want to communicate to students that since we can’t see them, we have lost nonverbal information and need them to help us recover that information. We may consider regularly surveying students, something easily done with technology, about their learning in the course. We could also schedule a few one-on-one zoom meetings with each student to help recover some of the lost personal connections. Note though that all of this takes extra time and brings us back to the notion of scalability.

As we continue to adjust to the current crises, let’s pay attention to what makes face-to-face effective and worth the cost and not try to replicate it blindly with technology, while at the same time looking towards technology to make our classes as valuable as face-to-face. As we meet the challenge presented to us at this time and learn new skills and modes of teaching, let us also keep in mind that some of what we do now we may want to bring back with us to the face-to-face classroom. For example, YouTube is loaded with instructional videos, albeit at varying quality, with many quite good, that can provide alternative perspectives on topics covered during an in-person class. Links to these videos can be added to the course schedule making it easy for students to access them and the instructor can select high quality videos so that students are not trying to decide the quality. Instructors may want to make their own tutorial video covering a topic that has historically been challenging, increasing the resources a student has to be successful. Some students may find the chat and polling features in zoom a more comfortable way to express themselves when not feeling comfortable communicating verbally. While many face-to-face courses use student response systems or flashcards for polling, we should also look at chat tools such as Slack or Mentimeter.

Covid-19 and the move to remote learning can be considered a black swan event for faculty; an unpredictable event with severe consequence. We had been comfortable with face-to-face and may not have been exploring technology in the ways we could have. In general, we were not prepared for such a drastic change in our mode of teaching. We now have an opportunity to not just think about what makes face-to-face so effective, but also to try to provide a framework for the differences in modes of instruction. We suggested scalability as one such framework that may help us think about how to adjust to remote learning given what we know about face-to-face. When covid-19 subsides to the point where we return to face-to-face, we should not simply return to what we used to do as what we’ve learned in these past several months can be used to make the face-to-face experience even better. We should also look to continually experiment with online tools so that we are better prepared for an unpredictable future.

Do oil and gas companies go bankrupt?

Well, of course they do. While we may be happy with low gas prices at the pump, may this cause problems in the future? I’m not sure but someone has to cover the debt that we see in the graphic here from Tracking the Growing Wave of Oil & Gas Bankruptcies in 2020 by Omri Wallach (7/24/2020).

For oil and gas producers, the second quarter of 2020 saw 18 bankruptcies, the highest quarterly total since 2016.

So far, they’re largely centered in the U.S., which saw a boom of surface-level shale oil production in the 2010’s to take advantage of rising crude prices. As prices have dropped, many heavily leveraged companies have started to run out of options.

If this peaks your interest then a related article, Today’s Energy Predicament – A Look at Some Charts by Gail Tverberg  (9/1/2020) at Our Finite World is a good follow up.


How hot was September 2020?

From the NOAA Global Climate Report – September 2020:

Averaged as a whole, the September 2020 global land and ocean surface temperature was the highest for September in the 141-year record at 0.97°C (1.75°F) above the 20th century average of 15.0°C (59.0°F). This value surpassed the previous record set in 2015 and, again in 2016, by only 0.02°C (0.04°F).

The global land-only surface temperature for September was also the highest on record at 1.47°C (2.65°F) above average. The previous record of 1.40°C (2.52°F) was set in September 2016.

Time series data is available with the link in the box above the climate anomalies map near the top.

Who are the extreme poor?

The World Bank Data Blog post Where the extreme poor live by Marta Schoch, Christoph Lanker and Melina Fleury (10/12/2020) provides the graph copied here.

Although the number of poor people has fallen in many regions, most notably East Asia and Pacific, and more recently South Asia, there has been no reduction in Sub-Saharan Africa, where the regional poverty rate remains above 40% in 2017.

The Middle East and North Africa has also seen an increase in the number of poor in recent years, driven largely by the economies in the region that are affected by conflict.

The post has links to reports with data.

How important is manufacturing to the U.S. economy?

At the end of August I posted about the number of manufacturing jobs in the U.S in the post How many people are employed in manufacturing? The Census Bureau has a recent post, Manufacturing Still Amon Top Five U.S. Employer by Adam Grundy (10/2/2020) that adds some context. Manufacturing is the fifth-largest employer with health care and social assistance at the top.  As the graphic here shows, manufacturing has a better than average salary. Also,

According to the Census Bureau’s Preliminary Profile of US Exporting Companies in 2017-2018, nearly six in 10 U.S. exporting dollars come from manufacturers.

There are other graphics and links to data in the article.

How does U.S. covid testing compare to other countries?

Our World in Data has an interactive graph that plots covid confirmed cases by tests both per million people and including an element of time. Copied here is one example with the U.S. and other selected countries. The paths for each country is from Jan 21 to Oct 5. So, for example, while the U.S. has increased testing (going up along the y-axis)  it has also had an increase in the confirmed cases (moving to the right along the x-axis). In the end the test positive rate has been fairly stable around 6-7%. Explore this graph by comparing other countries. As always, Our World in Data makes the data available.

Are hurricanes getting stronger?

Climate Central provides some graphs and facts related to hurricanes in their article Stronger Hurricanes (9/23/2020).  The graph shows the trend in Atlantic water temperature and here are the related key concepts from the article:

Sea surface temperatures in the tropical Atlantic, known as the Main Development Region for tropical systems (depressions, storms, and hurricanes), have risen 1.85°F in the last century.

The likelihood of tropical cyclones (the term scientists broadly use to represent hurricanes, typhoons, etc) reaching Category 3 status has increased since 1979.

Warming water and air from climate change creates the potential for stronger hurricanes, with heavier rain and higher storm surge, increasing the risk of flooding when they make landfall.

There are two other graphs, further information, and citations of data sources along with methodolgy.

What is the connection between poverty and extracurricular activities?

The Census Bureau post Even Short-Term Spells of Poverty Lower School-Aged Children’s Involvement in Extracurricular Activities by Brian Know (9/23/2020) quantifies the challenges of students  due to even temporary spells of poverty.

The percentage of children ages 6 to 11 taking lessons was significantly different between those who were in poverty some months in the year (22.5%) and those in poverty the entire year (16.2%).

Among children ages 12 to 17, involvement in lessons did not differ between children in poverty some months compared to all months in the year.

Similar to involvement in sports, taking lessons was more common in both age groups among children who did not experience any poverty compared to children who experienced poverty some months in the year.

There are links to data sources and two other graphs.

What was the 2020 Arctic sea ice minimum?

The article 2020 Arctic sea ice minimum second lowest on record by Michon Scott (9/21/2020) reports:

On September 15, 2020, the National Snow and Ice Data Center (NSIDC) announced, Arctic sea ice appeared to have reached its annual minimum extent. At 1.44 million square miles (3.74 million square kilometers), this minimum was second only to the record-low extent observed on September 17, 2012. The 2020 figure—preliminary because a late-season surge of summer warmth could still drop the extent further—continued an observed trend of long-term Arctic sea ice decline.

The graph here is from the National Snow and Ice Data Center’s Chartic Interactive Sea Ice Graph (a really great visual). I selected 2010-2020. The year 2012, still the current record, was an impressive minimum and this year is the first in the last 8 to come close.

From the article:

Among long-time observers of Arctic sea ice, the 2020 value was significant in that it not only punctuated a long-term decline, but also because it fell below the 4-million-kilometer (1.5-million-mile) threshold for only the second time in the satellite record—after  2012, when the minimum extent dipped to 1.31 million square miles (3.39 million square kilometers). Ted Scambos, senior research scientist at the Earth Science Observation Center at the University of Colorado-Boulder, says, “This threshold means the Arctic is more ocean than ice, a blue highway that’s been open since mid-July and won’t close until well into October, and a huge fetch for wave action along an 8,000-mile open coast of Siberia and Alaska.” The combination of sea ice decline and permafrost thaw can lead to coastal erosion as more abundant waves wear away newly softened coastlines.