RUTHFULLY YOURS

Watching the Jackson Hole meeting for signs of an interest-rate increase—and pressing for other changes.

Step right up, folks. A three-ring circus on monetary policy is getting under way on Thursday at Jackson Hole, Wyo. Three conferences will be convening at the same time in the resort town, through Saturday, as the world waits for signs of whether the Federal Reserve will finally hike interest rates.

In the center ring, Federal Reserve brass will be gathering for the closed-door conference that is hosted annually by the Kansas City Fed. Janet Yellen is skipping the event, as chairs of the board of governors occasionally do. The town, though, will be full of her critics.

On the right, the American Principles Project will host a separate parley on the need to reform the monetary system by restoring the gold standard as the best route to full employment.

In the left ring, a third group, called Fed Up, will argue for placing a priority on job creation. The Washington Post reports that the organization’s “teach in” will cover “income inequality, efforts to raise the minimum wage to $15 an hour and whether the Fed should invest in municipal bonds.”

Hillary gets to the left of Obama on Arctic oil exploration.With the media transfixed by Donald Trump and Joe Biden’s will-he-won’t-he candidacy, some revealing policy news in the presidential campaign is being overlooked. Take Hillary Clinton’s decision to get to the left of President Obama on oil drilling in the Arctic.

The Obama Administration late last week gave final approval to Shell’s project to drill in the Arctic Ocean’s Chukchi Sea—seven years and billions of investment dollars since it won the lease in 2008. Mrs. Clinton wasted no time using Twitter to express her opposition. “The Arctic is a unique treasure. Given what we know, it’s not worth the risk of drilling,” she explained in fewer than 140 characters, which sounds like the amount of thought she put into the decision.

The College Board’s about-face on U.S. history is a significant political event.

In this summer of agitated discontent for American conservatives, we can report a victory for them, assuming that is still permitted.

Last year, the College Board, the nonprofit corporation that controls all the high-school Advanced Placement courses and exams, published new guidelines for the AP U.S. history test. They read like a left-wing dream. Obsession with identity, gender, class, crimes against the American Indian and the sins of capitalism suffused the proposed guidelines for teachers of AP American history.

As of a few weeks ago, that tilt in the guidelines has vanished. The College Board’s rewritten 2015 teaching guidelines are almost a model of political fair-mindedness. This isn’t just an about-face. It is an important political event.

The earlier guidelines characterized the discovery of America as mostly the story of Europeans bringing pestilence, destructive plants and cultural obliteration to American Indians. The new guidelines put it this way: “Mutual misunderstandings between Europeans and Native Americans often defined the early years of interaction and trade as each group sought to make sense of the other. Over time, Europeans and Native Americans adopted some useful aspects of each other’s culture.”

Readers of the higher education press and literature may be forgiven for supposing that there is more research on why there are not more women in STEM fields than there is actual research in the STEM fields themselves. The latest addition to this growing pile of studies appeared a few months ago in Science, and now Science has just published a new study refuting the earlier one.

In the earlier study, “Expectations of Brilliance Underlie Gender Distributions Across Academic Disciplines,” Sarah-Jane Leslie, a philosophy professor at Princeton, and several co-authors surveyed more than 1800 academics across 30 disciplines — graduate students, postdocs, junior and senior faculty — to determine the extent of their agreement with such statements as, “Being a top scholar of [your field] requires a special aptitude that just can’t be taught” and whether “men are more often suited than women to do high-level work in [your field.]”

Fields that believe innate brilliance is essential to high success, such as physics and philosophy, have a significantly smaller proportion of women than fields that don’t, such as Psychology and Molecular Biology.

Before his bombastic concert-in-the-park performance in Mobile, Donald Trump had come across chiefly as an amusing amateur whose total lack of basic political knowledge and essential reasoning ability had rendered him unwilling to do interviews that he could not phone in from the confines of his office. In Alabama, he broke out, transforming himself in the process into something else altogether. One part Alan Ginsberg, one part Jim Morrison, and one part Roderick Spode, Trump strode onto the Southern stage as might a troubled rock star. This, his insolent upper lip told the camera, was show time.

Attempting manfully to keep up with the spectacle, C-SPAN warned viewers bloodlessly that its closed-captioning system sometimes made mistakes and was therefore not to be trusted. One had to wonder how anybody could have known either way. Words, you see, are for losers. For the overrated. For the establishment. Real candidates leer and emote and strut back and forth.

At times resembling a man who hoped to discover whether methamphetamine or LSD served as the best accompaniment to a mostly whisky diet, Trump stood throughout his pageant in a cocksure fighting pose, breaking his stance only to turn around and bathe in the adulation. When he spoke, he did so as might a half-awake stranger at an underground poetry slam. His thoughts were meandering, irrational, and wholly self-contradictory; his grasp of reality left much to be desired; his aim was to offer up a firework-laden piece of self-serving performance art, aimed squarely at the unserious and the easily led. “I know how Billy Graham felt,” Trump preached before he launched into his quasi-hallucinogenic diatribe. Superficially, perhaps he does. But Graham, recall, was preaching about an external God.

Scott Walker got two things right recently. He got tough, and he got specific.

Walker’s toughness is one of his most valuable traits. In 2011, he withstood wily, obstructionist Democratic state senators who literally decamped Wisconsin for Illinois to prevent a quorum and thereby stymie Walker’s legislative agenda. He endured loud protests by some 100,000 ferocious, union-fueled demonstrators. Some of them urinated on his office door. Others scattered bullets on the state-capitol grounds. Walker survived chillingly specific death threats against him, his parents, and his children. The latter included details of the bus routes his sons took home from school.

Undaunted, Walker pushed ahead with landmark labor reforms. With equal courage, he won a vicious recall election, signed tax cuts and school-choice bills, terminated taxpayer funds to Planned Parenthood, and then faced down Democrats and free-spending union bosses at the polls last November. Walker easily secured reelection and, early this year, approved legislation that made Wisconsin a right-to-work state.

Despite his titanium core, however, Walker’s exterior demeanor is low-key, unassuming, and modest. The phrase “Sylvester Stallone trapped in Mister Rogers’s body” overstates both characteristics, but that vivid image telegraphs the point.

Vermont senator Bernie Sanders is beating Hillary Clinton in New Hampshire, according to a survey of the presidential primary conducted by a Democratic-leaning firm.

Sanders leads Clinton 42 to 35 among New Hampshire Democrats. “We still find Hillary Clinton well ahead everywhere else, but it’s clear at this point that there’s a real race in the Granite State,” said Dean Debnam, the president of Public Policy Polling.

Clinton, who made a dramatic comeback victory in New Hampshire after losing to Barack Obama in the 2008 Iowa caucuses, has seen her approval rating there slip 15 points since April. “The main story in New Hampshire is how universally popular Sanders has become with the Democratic electorate,” according to PPP. “78 percent see him favorably to only 12 percent with a negative opinion — that makes him easily the most popular candidate on either side with their party’s voters. Meanwhile Hillary Clinton’s favorability numbers have taken a little bit of a hit — she was at 78/10 with Democratic [New Hampshire] primary voters in April, but now she’s at a 63/25 spread.”

Among the many memorable sights and sounds (and smells) of Occupy Wall Street was the young man who was very eager to speak to me about derivatives trading, which, he promised me, was positioned to sucker-punch the world economy even more brutally than the mortgage bubble had. He seemed to have a great deal of information at his command: The derivatives market was so many trillions of dollars and was inadequately regulated in such-and-such a way, etc. Listening to him speak for a bit, I told him I had only one question that I’d like him to answer:

“What’s a derivative?”

Sputter, stutter, stammer, hem and haw. He had no idea. It was something Wall Street types did, and it was . . . bad.

Manually dislocating one’s opinions from one’s lower intestine is not a vice unique to soapbox speakers on public squares. A year or so ago, there was a big Russia story in the news, and late in the afternoon I received a panicky mass e-mail from a cable-news producer inviting every Russia “expert” in his contacts list to high-tail it to the studio for a live segment that was starting in 90 minutes or so but which was at that moment short on Russia expertise. I am about as much of an expert on Russia as I am on the civil-engineering challenges of contemporary Cairo, and for a gleefully malicious moment I was tempted to go on the show and do something funny. I thought better of it. But there are people who care a great deal more about being on television than I do, and who will respond to any invitation, regardless of their level of relevant knowledge. And I’ve made that mistake, too: Occasionally on those long panel shows, you’ll get asked about something you weren’t expecting to speak about, and the perceived need to say something is an invitation to error that I have, in the moment and to my shame, answered.

Having a celebrity socialite run the huge embassy was as foolish as it looked.

When President Obama nominated Caroline Kennedy in 2013 to serve as America’s ambassador to Japan, there were those who had their misgivings [1]. On the celebrity social circuit, Kennedy knows her game — daughter of the lionized JFK, enthusiastic supporter of Obama, and guest earlier this month of the Obama family at their summer holiday [2] enclave on Martha’s Vineyard.

But Kennedy came to her ambassador’s post with no foreign policy experience, no particular background in Japan or Asia generally, and apparently not much skill at running the $93.6 million-per-year operation that is the U.S. Embassy in Tokyo.

This embassy is one of America’s most important outposts, representing American interests to a strategically vital democratic ally and economic partner in an increasingly troubled region. Japan faces a militarizing, expansionist, and economically roiled China, an aggressively rearming Russia, and a nuclear-arming North Korea.

The Environmental Protection Agency missed a congressional deadline to turn over documents related to its spill of toxic sludge into a southwest Colorado River.

The House Science, Space and Technology Committee sent a letter to EPA Administrator Gina McCarthy on Aug. 10 requesting documents and materials relating to the work that caused the Aug. 5 spill as well as information on “whether the polluted water poses health risks to humans or animals.”

Committee Chairman Lamar Smith (R-Texas) sought documents on the chemicals in the mine waste and information on the waste water being treated in holding ponds at the mine site.

He asked for the documents no later than yesterday. Some were released to the entire public by the EPA, but the majority of what they requested has not been released or turned over, the committee said.