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Javier E

A Voter Revolt Against 'Shareholder Value' - WSJ - 0 views

  • a Feb. 29 quotation from Leslie Moonves, chairman of CBS, CBS -1.76 % that sums up everything wrong with today’s media culture—and with corporate America.
  • Reflecting on the Trump phenomenon at a media and technology conference, Mr. Moonves said that “It may not be good for America, but it’s damn good for CBS.”
  • Mr. Moonves is saying that CBS’s only responsibility is to maximize profits, not only in its entertainment division, but also in its news operation
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  • He knows that what his network is doing is against the national interest. He has just enough conscience to be aware that it is “terrible,” but not nearly enough to stop doing it. It might impair shareholder value, after all.
  • Mr. Moonves is suggesting that there is no difference in principle between entertainment and news. Both should be judged by the same standard—ratings. If policy speeches don’t attract large enough audiences, cut to a Trump rally.
  • If the leading purveyors of broadcast journalism make no distinction between news and entertainment, then who can blame viewers for seeing no difference between entertainment and politics?
  • American politicians and parties have used entertainment to draw audiences for the better part of two centuries. But there used to be countervailing forces, including prestigious broadcast news organizations. Not anymore. Once these organizations served as gatekeepers; now they are open-door enablers.
  • They are all in the grip of the same misunderstanding, that their business begins and ends with maximizing shareholder value.
  • They may believe that this is a statutory requirement or a fiduciary duty. If so, they are mistaken
  • It is Milton Friedman’s theory. “There is one and only one social responsibility of business,” he wrote in “Capitalism and Freedom,” “to use its resources and engage in activities designed to increase its profits.”
  • corporate law imposes no enforceable legal duty to maximize either profits or share prices.
  • And it is not politically sustainable. This is the clear meaning of the 2016 presidential election.
  • As a policy argument, Friedman’s thesis flunks key empirical tests
  • during the 1970s, inflation, recession, a stagnant stock market and rising competition from abroad created an opening for Friedman’s theory, which soon dominated corporate boardrooms.
  • In the name of maximizing shareholder value, corporations moved plants and jobs around the world, paid the lowest wages they could get away with, and scheduled work assignments to maintain managerial “flexibility,” whatever the consequences for workers’ families. Meanwhile, their lobbyists engineered a myriad of special interest breaks in the corporate tax code.
  • Now we can see what four decades of pursuing shareholder value at the expense of everything else has yielded
  • Public confidence in corporations is at rock-bottom, and public anger is sky-high
  • The revolt against the corporate economic agenda—free trade, a generous immigration policy, lower corporate taxes and the rest—is sweeping the country.
  • As the Republican rank and file has turned against corporations and New Democrats have given ground to left-wing populists, big business has been left politically homeless.
  • It will take corporate America a long time to climb out of this self-created hole.
  • Its first step should be to back long-overdue proposals for improving workers’ lives and incomes. Paid family leave is an idea whose time has come; so is a catch-up increase in the federal minimum wage; so are stable and predictable schedules for part-time workers.
  • Allowing workers to share in profits and productivity increases would be another good step.
  • Above all, corporate leaders should grasp the distinction between immediate gain and self-interest rightly understood. Pushing for the last increment of profit over the next quarter and the one after that comes at the expense of the strategies that can leave firms best positioned for the future.
  • America needs a new generation of corporate statesmen.
Javier E

For Trump and G.O.P., the Welfare State Shouldn't Be the Enemy - The New York Times - 0 views

  • Historically, however, the level of government spending and the level of regulation have been packaged together and treated as a single variable. This has forced a choice between two options: the “liberal” package of big government and heavy regulation or the “conservative” package of small government and light regulation.
  • But this is a false choice. Regulatory policy and fiscal policy are independent dimensions, and they can be rebundled in different packages. Mr. Trump’s gestures toward a big-government, low-regulation package — rooted more in instinct than intellect — proved popular with Republican voters
  • Government spending reliably rises as economies grow. When countries get richer, one of the first things their people do is vote for more generous government social services. This pattern, which economists have labeled Wagner’s Law, has held more or less steady for a century in dozens of developed democratic countries.
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  • Republicans need to recognize finally that secure property rights, openness to global trade and a relatively low regulatory burden are much more important than fiscal policy for innovation, job creation and rising standards of
  • not only are sound safety nets popular, but they also increase the public’s tolerance for the dislocations of a dynamic free-market economy
  • Third, the idea that reducing taxpayer-financed government spending is the key to giving people more freedom and revving up the economy encourages conservative hostility to government as such
  • The Republican legislative agenda is stalled because party members have boxed themselves in with their own bad ideas about what freedom and rising prosperity require. A new pro-growth economic platform that sets aside small-government monomania and focuses instead on protecting citizens’ basic rights to commit “capitalist acts between consenting adults,” as the libertarian philosopher Robert Nozick put it, has both practical and political advantages
  • a generous and effective safety net can be embraced as a tool to promote and sustain a culture of freedom, innovation and risk taking. Politically, repairing and improving the slipshod infrastructure of the safety net would liberate Republicans from the bad faith of attacking the welfare state in one breath, halfheartedly promising not to cut entitlements in the next and then breaking that promise once in power.
cvanderloo

At Least 114 People Killed In Myanmar As Violence Continues To Escalate : NPR - 1 views

  • Local media in Myanmar say security forces killed at least 114 civilians in 40 cities and towns on Saturday, in what appears to be the deadliest day of protests since the coup last month.
  • coup leader Gen. Min Aung Hlaing continued to justify the coup by accusing the government of deposed leader Aung San Suu Kyi of failing to investigate the military's accusations of voter fraud in the November general election — which saw Suu Kyi's party win in a landslide.
  • The deaths of 114 protesters on Saturday comes in addition to the 328 killed by the junta since the coup, according to figures released Friday by the activist group Assistance Association for Political Prisoners
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  • As violence continues to escalate, so too do fears that armed groups who oppose the military coup are positioning themselves to join the fray.
  • In a statement on Twitter, the U.S. Ambassador to Myanmar, Thomas L. Vajda, denounced what he described as "horrifying" bloodshed and called for "an immediate end to the violence and the restoration of the democratically elected government." "These are not the actions of a professional military or police force," Vajda said. "Myanmar's people have spoken clearly: they do not want to live under military rule."
  • This 76th Myanmar armed forces day will stay engraved as a day of terror and dishonour," wrote the bloc's delegation to the country.
  • "A failed state in Myanmar has the potential to draw in all the big powers - including the US, China, India, Russia, and Japan - in a way that could lead to a serious international crisis," he wrote on Twitter.
edencottone

Opinion | I Want Trump to Face Justice. But the House Shouldn't Impeach Him. - The New ... - 0 views

  • events of Jan. 6. Our democratic institutions were assaulted.
  • All responsible parties, including President Trump, must face justice.
  • make the wrong decision in how to hold him accountable, it could damage the integrity of our system of justice, further fan the flames of division, and disillusion millions of Americans ─ all while failing to accomplish anything.
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  • tools that lie before Congress, it is clear that pursuing impeachment only days before President-elect Joe Biden is inaugurated is not the answer.
  • inadequate time to reasonably investigate, present and debate articles of impeachment.
  • new administration
  • These aren’t minor concerns. A hasty impeachment could raise a host of consequences that could have a striking impact on the long-term stability of our country.
  • an impeachment on the grounds that they do will inevitably erode the norms around what may be considered constitutionally protected speech.
  • a snap impeachment will undoubtedly fuel the divisions between our citizens at a time when the wounds of Jan. 6 are still raw.
  • We cannot rush to judgment simply because we want retribution or, worse, because we want to achieve a particular political outcome.
  • opportunity to build bridges and unite the American people around our shared values.
  • new Congress
  • Failing to do so will undermine our efforts to bring people together.
  • Congress long after Mr. Trump has left office, inhibiting Congress’s ability to tackle the Covid-19 crisis, reignite our economy and other pressing issues.
  • a too-quick impeachment will not suddenly change the minds of millions of Americans who still do not recognize the election of President-elect Biden as legitimate.
  • rushed proceedings will be seen as validating the view that impeachment is part of a multiyear campaign to delegitimize Mr. Trump’s 2016 election.
  • detriment of the Constitution.
  • I implore our congressional leaders and Mr. Biden to take a moment to consider what is at stake.
  • options include censure, criminal proceedings and actions under the 14th Amendment, after a complete and thorough investigation into the events leading up to the assault on the Capitol.
  • I acknowledged Joe Biden as president-elect on Nov. 7.
  • But make no mistake, our Constitution is the bedrock of our great nation.
  • We cannot and should not support a rushed, divisive action simply because the emotions of the moment demand it. That is not the American way.
cvanderloo

North Korea's Kim Talks Of New Weapons, But Leaves Door Open For Biden : NPR - 0 views

  • North Korean leader Kim Jong Un is calling for beefing up his country's nuclear and military capabilities, but appears to be leaving open the possibility for negotiation with the U.S., just days before President-elect Joe Biden takes office.
  • he also affirmed previous agreements with the Trump administration, which suggests that they could serve as the basis for future negotiations
  • That declaration called for denuclearization and a peace regime on the Korean peninsula, and a new, presumably less hostile, relationship between Pyongyang and Washington.
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  • Kim's remarks are "not exactly an olive branch, but it's not slamming the door, by any stretch of the imagination, either
  • Kim kicked off the congress by bluntly admitting that his plans for the past five years had fallen flat.
  • "Most consumer goods are now produced within the country, whereas in the past, they depended a lot on Chinese-made goods,
  • Kim conceded that, in addition to external factors, such as the pandemic, international sanctions and natural disasters, the party had committed "serious mistakes" that contributed to the country's dire economic situation.
  • "Instead of accusing the North Korean people or laborers, he blames bureaucrats, including himself."
ilanaprincilus06

Trump Impeached By House Over Capitol Insurrection : House Impeachment Vote: Live Updat... - 0 views

  • The House of Representatives voted Wednesday to impeach President Trump for "high crimes and misdemeanors" — specifically, for inciting an insurrection against the federal government at the U.S. Capitol.
  • Trump has now become the first U.S. president to be impeached twice.
  • Ten Republicans broke party ranks to vote in favor of impeachment
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  • The House voted 232-197 to impeach Trump
  • "Today in a bipartisan way, the House demonstrated that no one is above the law, not even the president of the United States,"
  • If the Senate votes to convict Trump — an outcome that is far from certain — he likely would be barred from holding any federal office again.
  • "President Trump gravely endangered the security of the United States and its institutions of government, threatened the integrity of the democratic system, interfered with the peaceful transition of power, and imperiled a coequal branch of government
Javier E

Andrew Sullivan: Is There a Way to Acknowledge Our Progress? - 0 views

  • ft of recent books have been full of the need for renewed rage against the oppression of women. The demonization of “white men” has intensified just as many working-class white men face a bleak economic future and as men are disappearing from the workforce. It is as if the less gender discrimination there is, the angrier you should become.
  • You see it in the gay-rights movement too. I get fundraising emails all the time reminding me how we live in a uniquely perilous moment for LGBTQ Americans and that this era, in the words of Human Rights Campaign spokesperson Charlotte Clymer, is one “that has seen unprecedented attacks on LGBTQ people.
  • Might I suggest some actual precedents: when all gay sex was criminal, when many were left by their government to die of AIDS, when no gay relationships were recognized in the law, when gay service members were hounded out of their mission, when the federal government pursued a purge of anyone suspected of being gay. All but the last one occurred in my adult lifetime. But today we’re under “unprecedented” assault?
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  • a recent psychological study suggests a simpler explanation. Its core idea is what you might call “oppression creep” or, more neutrally, “prevalence-induced concept change.” The more progress we observe, the greater the remaining injustices appear.
  • We seem incapable of keeping a concept stable over time when the prevalence of that concept declines.
  • lthough modern societies have made extraordinary progress in solving a wide range of social problems, from poverty and illiteracy to violence and infant mortality, the majority of people believe that the world is getting worse. The fact that concepts grow larger when their instances grow smaller may be one source of that pessimism.
  • “In other words, when the prevalence of blue dots decreased, participants’ concept of blue expanded to include dots that it had previously excluded.”
  • When blue dots became rare, purple dots began to look blue; when threatening faces became rare, neutral faces began to appear threatening … This happened even when the change in the prevalence of instances was abrupt, even when participants were explicitly told that the prevalence of instances would change, and even when participants were instructed and paid to ignore these changes.
  • We seem to be wired to assume a given threat remains just as menacing even when its actual prevalence has declined:
  • We see relatively, not absolutely. We change our standards all the time, depending on context.
  • This study may help explain why, in the midst of tremendous gains for gays, women, and racial minorities, we still insist more than ever that we live in a patriarchal, misogynist, white supremacist, homophobic era.
  • We never seem to be able to say: “Okay, we’re done now, we’ve got this, politics has done all it reasonably could, now let’s move on with our lives.” We can only ever say: “It’s worse than ever!” And fe
  • whatever the cause, the result is that we steadfastly refuse to accept the fact of progress, in a cycle of eternal frustration at what injustices will always remain
  • picking someone who has bent the truth so often about so many things — her ancestry, her commitment to serving a full term as senator, the schools her kids went to, the job her father had (according to her brother), or the time she was “fired” for being pregnant — is an unnecessary burden.
  • The Democrat I think is most likely to lose to Trump is Elizabeth Warren.I admire her ambition and grit and aggression, but nominating a woke, preachy Harvard professor plays directly into Trump’s hands
  • Pete Buttigieg’s appeal has waned for me.
  • over time, the combination of his perfect résumé, his actorly ability to change register as he unpacks a sentence, and his smoothness and self-love have begun to worry me. My fear is that his appeal will fade
  • Klobuchar, to my mind, is the better midwestern option. She is an engaging and successful politician. But there’s a reason she seemingly can’t get more traction. She just doesn’t command a room
  • I so want Biden to be ten years younger. I can’t help but be very fond of the man, and he does have a mix of qualities that appeal to both African-Americans and white working-class midwesterners. What I worry about is his constant stumbling in his speech, his muddling of words, those many moments when his eyes close, and his face twitches, as he tries to finish a sentence
  • Sanders has been on the far left all his life, and the oppo research the GOP throws at him could be brutal. He’s a man, after all, who sided with a Marxist-Leninist party that supported Ayatollah Khomeini during the hostage crisis in 1979. He loved the monstrous dictator Fidel Castro and took his 1988 honeymoon in the Soviet Union, no less, where he openly and publicly criticized his own country and praised many aspects of the Soviet system
  • On two key issues, immigration and identity politics, Bernie has sensibilities and instincts that could neutralize these two strong points for Trump. Sanders has always loathed the idea of open borders and the effect they have on domestic wages, and he doesn’t fit well with the entire woke industry. He still believes in class struggle, not the culture war
  • Biden has an advantage because of Obama, his appeal to the midwestern voters (if he wins back Pennsylvania, that would work wonders), and his rapport with African-Americans. But he also seems pretty out of it.
ilanaprincilus06

You're more biased than you think - even when you know you're biased | News | The Guardian - 0 views

  • there’s plenty of evidence to suggest that we’re all at least somewhat subject to bias
  • Tell Republicans that some imaginary policy is a Republican one, as the psychologist Geoffrey Cohen did in 2003, and they’re much more likely to support it, even if it runs counter to Republican values. But ask them why they support it, and they’ll deny that party affiliation played a role. (Cohen found something similar for Democrats.
  • those who saw the names were biased in favour of famous artists. But even though they acknowledged the risk of bias, when asked to assess their own objectivity, they didn’t view their judgments as any more biased as a result.
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  • Even when the risk of bias was explicitly pointed out to them, people remained confident that they weren’t susceptible to it
  • “Even when people acknowledge that what they are about to do is biased,” the researchers write, “they still are inclined to see their resulting decisions as objective.”
  • we have a cognitive bias to the effect that we’re uniquely immune to cognitive biases.
  • It turns out the bias also applies to bias. In other words, we’re convinced that we’re better than most at not falling victim to bias.
  • “used a strategy that they thought was biased,” the researchers note, “and thus they probably expected to feel some bias when using it. The absence of that feeling may have made them more confident in their objectivity.”
  • why it’s often better for companies to hire people, or colleges to admit students, using objective checklists, rather than interviews that rely on gut feelings.
  • Bias spares nobody.
huffem4

Trump Demands CNN Apologize For Poll - 1 views

  • “To my knowledge, this is the first time in its 40 year history that CNN had been threatened with legal action because an American politician or campaign did not like CNN’s polling results,” he wrote. “To the extent that we have received legal threats from political leaders in the past, they have typically come from countries like Venezuela or other regimes where there is little or no respect for a free and independent media.”
  • The idea, recycled by Republicans in every election cycle since at least 2012, is that Republicans are being under-sampled in the polls, artificially inflating the results in favor of the Democratic candidate.
  • The movement’s founding father, Dean Chambers, trumpeted the theory during the 2012 campaign, when former President Barack Obama was consistently leading Mitt Romney. Chambers decided that polls should be weighted by party identification — disregarding arguments that it’s a fungible metric, and that many voters change their identification from one election to the next — so he “unskewed” some national polls. And all of a sudden, Romney started winning.
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  • Besides the fact that it isn’t pollsters’ job to time their polls according to positive news for the President, the CNN poll was actually still in the field during the day Friday. CNN is standing by its poll, which shows Trump lagging behind Biden at 41 percent to 55.
katherineharron

Why Joe Biden will almost certainly pick a black woman as VP - CNNPolitics - 0 views

  • It now seems a near-certainty that he will (and should) name a black woman as his vice presidential running mate.
  • Floyd's death has sparked (mostly) peaceful protests around the country, not just about police brutality but also about the deep and abiding racial inequalities present in American society.
  • the former vice president said
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  • "you ain't black" if you were undecided on who to vote for in 2020.
  • Biden helped to write the 1994 crime bill, a law that has been widely panned -- particularly by members of the black community -- for its impact on levels of incarceration, among other reverberations.
  • Biden owes his status as the presumptive presidential nominee almost entirely to black voters -- particularly those in South Carolina. Biden's campaign was faltering badly -- he had finished 4th in Iowa, 5th in New Hampshire and 2nd in Nevada -- prior to the February 29 Palmetto State primary. According to exit polling, black voters made up a majority (56%) of the South Carolina primary electorate and went overwhelmingly (61%) for Biden. His victory in the state propelled him to a series of wins on Super Tuesday -- just three days later -- and, at that point, the nomination was his.
  • It will be a plus to have an African American woman. It will be a plus to have a Latino. It will be a plus to have a woman."
  • non-college educated voters who went with Trump, had Clinton been able to drive black turnout to the level it was during Obama's two victories, she almost certainly would have won.
  • Now, simply putting a person of color on the ticket doesn't mean that you win the votes of black people or ensure they turn out in large numbers. But politics at the presidential level is often about symbolism. And who Biden picks as his vice president will be his best chance to reveal how he views his party, the country and the world -- and what he prioritizes amongst the many, many issues facing the US at the moment.
  • And lucky for Biden, he has a number of African American women who would make excellent choices
  • Even before Biden's "you ain't black" gaffe and the uprising following George Floyd's murder, California Sen. Kamala Harris (age 55), who was both the first African American and Indian American elected to the Senate from California, was at the top of my VP rankings. Atlanta Mayor Keisha Lance Bottoms (50 years old) and Florida Rep. Val Demings (63 years old) were in the Top 6. Now? It's hard to see three more people more likely to be the pick. (Stay tuned for my new rankings on Thursday!)
Javier E

Opinion | Barack Obama's smart way to change the disinformation debate - The Washington... - 0 views

  • The former president spoke at Stanford University on April 21 to lay out his vision for fighting disinformation on the Internet. His focus on the subject is fitting; the dusk of his administration marked a turning point from techno-optimism to pessimism after election interference revealed how easily malicious actors could exploit the free flow of information.
  • His diagnosis is on target. The Internet has given us access to more people, more opportunities and more knowledge
  • This has helped activists drum up attention for overlooked causes. It has also enabled the nation’s adversaries to play on our preexisting prejudices and divisions to sow discord
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  • Mr. Obama starts where most lawmakers are stuck: Section 230 of the Communications Decency Act, which gives platforms immunity from legal liability for most third-party posts. He suggested a “higher standard of care” for ads than for so-called organic content that everyday users post. This would strike a sensible balance between eviscerating Section 230, making sites accountable for everything they host, and doing nothing.
  • On top of that, “an instant, 24/7 global information stream,” from which audiences can pick and choose material that confirms their biases, has deepened the social divides that bad actors seek to exploit.
  • Mr. Obama identified another problem with the Section 230 talk: homing in on what material platforms do and don’t take down risks missing how the “very design” of these sites privileges polarizing, inflammatory posts.
  • With this, Mr. Obama adds something vital to the mainstream debate over social media regulation, shifting attention away from a debate about whack-a-mole content removal and toward the sites’ underlying structures. His specific suggestions, while fuzzy, also have promise — from slowing down viral material to imposing transparency obligations that would subject social media companies’ algorithms to scrutiny from researchers and regulators.
  • Mr. Obama calls this “democratic oversight.” But the material companies reveal could be highly technical. Ideally, it would get translated into layman’s terms so that everyday people, too, can understand how decisions so significant in their daily lives and the life of the country are made.
peterconnelly

German Chancellor accused of comparing climate activists to Nazis - CNN - 0 views

  • German Chancellor Olaf Scholz was accused Monday of comparing climate activists to Nazis, in allegations that his spokesperson said were "completely absurd."
  • "I'll be honest: These black-clad displays at various events by the same people over and over again remind me of a time that is, thank God, long gone by," he said in an exchange captured on camera.
  • Scholz was speaking about the phase-out of coal-fired power generation and resulting jobs losses in open cast mining when he was interrupted.
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  • Prominent German Climate scientist Friederike Otto commented that "Scholz 'forgets' our worst history, dismisses every generation that comes after him as irrelevant & the audience just applauds."
  • "Where does one begin? In just one half-sentence, the Chancellor of the Federal Republic relativizes the Nazi regime and, in a paradoxical way, also the climate crisis," she wrote on Twitter. "He stylizes climate protection as an ideology with parallels to the Nazi regime. In 2022. Jesus. This is such a scandal."
  • "I have also been to events where five people sat dressed in the same way, each had a well-rehearsed stance, and then they do it again every time," he said. "And that's why I think that is not a discussion, that is not participation in a discussion, but an attempt to manipulate events for one's own purposes. One should not do this."
  • The chancellor leads a three-party coalition with partners the Greens and pro-business Free Democrats, and their pledge to improve climate change action was central to their campaign.
Javier E

"Falsehood Flies, And Truth Comes Limping After It" - 0 views

  • “I traced a throughline: from Sandy Hook to Pizzagate to QAnon to Charlottesville and the coronavirus myths to the election lie that brought violence to the Capitol on January 6th,” she told Vox earlier this year. “I started to understand how individuals, for reasons of ideology or social status, tribalism, or for profit, were willing to reject established truths, and how once they’d done that, it was incredibly difficult to persuade them otherwise.”
  • She describes the 2012 mass shooting in Newtown, CT as “a foundational moment in the world of misinformation and disinformation that we now live in.”
  • the NYT’s Elizabeth Williamson about her book, Sandy Hook: An American Tragedy and the Battle for Truth, which was recently named one of the best books of 2022 by Publishers Weekly.
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  • “The struggle to defend objective truth against people who consciously choose to deny or distort it has become a fight to defend our society, and democracy itself.”
  • Jonathan Swift, it’s worth noting that he was not an optimist about “truth.”
  • By the time a lie is refuted, he wrote, “it is too late; the jest is over, and the tale has had its effect: like a man, who has thought of a good repartee, when the discourse is changed, or the company parted; or like a physician, who has found out an infallible medicine, after the patient is dead.'“
  • “Considering that natural disposition in many men to lie, and in multitudes to believe,” he wrote in 1710, “I have been perplexed what to do with that maxim so frequent in every body's mouth; that truth will at last prevail.
  • A recent Washington Post tally found that nearly 300 Republicans running for congressional and state offices are election deniers. That means, as a FiveThirtyEight analysis found, 60 percent of Americans will have at least one election denier on their ballot next week.
  • In a new USA Today/Suffolk University poll, 63 percent of Republicans say they worry “the election results could be manipulated.”
  • From the New York Times: When asked, six Trump-backed Republican nominees for governor and the Senate in midterm battlegrounds would not commit to accepting this year’s election results.
  • The big mistake people have made is in assuming this could blow up only in an extensive struggle in 2024 and perhaps involving Donald Trump. What seems entirely unanticipated, yet is extremely predictable, is that smaller skirmishes could break out all over the country this year.
  • Democrats have got themselves in a situation where the head of their party holds the most popular position on guns and crime—and yet they’re getting crushed on the issue because they’ve let GOP campaign ads, the right wing media ecosystem, and assorted progressive big city prosecutors shape the narrative on the issue rather than doing so themselves.
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