Tuesday, October 28, 2025

News: Part 5 -- The X-Files -- October 28, 2025

Locator: 49265NEWS. 
 
EU's climate change policy: chickens coming home to roost -- link here

Texas banking: M&A hotbed -- link here to Barron's.  

Global warming: say what?

Democrats showing signs of embracing natural gas as electricity costs soar; link here.

Most anticipated, can't wait to read this slowly .... from JMarriott.substack / Cultural Capital, link here


 

The essay begins:

It was one of the most important revolutions in modern history — and yet no blood was spilled, no bombs were thrown and no monarch was beheaded.

Perhaps no great social transformation has ever been carried out so quietly. This one took place in armchairs, in libraries, in coffee houses and in clubs.

What happened was this: in the middle of the eighteenth century huge numbers of ordinary people began to read.

For the first couple of centuries after the invention of the printing press, reading remained largely an elite pursuit. But by the beginning of the 1700s, the expansion of education and an explosion of cheap books began to diffuse reading rapidly down through the middle classes and even into the lower ranks of society. People alive at the time understood that something momentous was going on. Suddenly it seemed that everyone was reading everywhere: men, women, children, the rich, the poor. Reading began to be described as a “fever”, an “epidemic”, a “craze”, a “madness.” As the historian Tim Blanning writes, “conservatives were appalled and progressives were delighted, that it was a habit that knew no social boundaries.”

This transformation is sometimes known as the “reading revolution”. It was an unprecedented democratisation of information; the greatest transfer of knowledge into the hands of ordinary men and women in history.

In Britain only 6,000 books were published in the first decade of the eighteenth century; in the last decade of the same century the number of new titles was in excess of 56,000. More than half a million new publications appeared in German over the course of the 1700s. The historian Simon Schama has gone so far as to write that “literacy rates in eighteenth century France were much higher than in the late twentieth century United States.”

Where readers had once read “intensively”, spending their lives reading and re-reading two or three books, the reading revolution popularised a new kind of “extensive” reading. People read everything they could get their hands on: newspapers, journals, history, philosophy, science, theology and literature. Books, pamphlets and periodicals poured off the presses.

This is going to be good. 

Needs to be consistent on "placing periods / quote marks." 

The placement of periods relative to quotation marks depends on whether you are following American or British English rules . American style places periods and commas inside the quotation marks, while British style places them outside unless they are part of the quoted material.