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Quite apart from the “unbalanced power” of the financial sector, and the tendency of a super-sized financial sector to cause increasingly bad global financial crashes, excessive financialization leads to resources being misallocated. “In many of the financial sector’s segments that have grown fastest since deregulation—like investment banks—the transactions are primarily zero-sum.”

However in times of rapid technological transformation like today, the role of the economic priesthood in protecting its own interests can become a massively destabilizing.

Thus we know from the history of the last couple of hundred years that in times of rapid technological transformation, the financial sector tends to become disconnected from the real economy

This has occurred a number of times in the last few hundred years, including the Canal Mania (England—1790s), the Rail Mania (England—1840s), the Gilded Age (US: 1880s—early 1900s) the Roaring Twenties (US—1920s) and the Big Banks of today.

Getting to safety is not made any easier by the fact the modern economic priesthood—the managers of large firms and the banks—has, like their ancient Egyptian forbears, found ways to participate in the casino economy and benefit from “making money out of money”, even as the economy as a whole suffers.  As Upton Sinclair wrote, “It is difficult to get a man to understand something, when his salary depends upon his not understanding it.

Just as the ancient Egyptian economic priesthood clung to power as the economy stagnated, so today the economic priesthood shows no signs of relinquishing their gains or their power. The appetite and expectation of extraordinary returns is still there.

“Corporate chieftains rationally choose financial engineering—debt-financed share buybacks, for example—over capital investment in property, plants and equipment. Financial markets reward shareholder activism. Institutional investors extend their risk parameters to beat their benchmarks… But real economic growth—averaging just a bit above 2 percent for the fifth year in a row—remains sorely lacking.”

As a result, the economy remains in the “Great Stagnation”(Tyler Cowen), also known as “the Secular Stagnation (Larry Summers). It is running on continuing life support from the Federal Reserve. Large enterprises still appear to be profitable. The appearance, though not the reality, of economic well-being has been sufficient to make the stock market soa

Just as no change was possible in ancient Egyptian society so long as the economic priesthood colluded to preserve the status quo, so the excesses and prevarications of the Financial Sector will continue so long as the regulators remain its cheerleaders.

Just listen to the chair of the Securities and Exchange Commission (SEC), Mary Jo White at Stanford University Rock Center for Corporate Governance speaking to directors. In her speech, she makes no secret of her view that the overall corporate arrangements are sound. The job of the SEC, as outlined in the speech, is to find the odd individual who might be doing something wrong. The idea that the large-scale activities of the major banks might be socially corrosive is not even alluded.

Thus in times of transformational technology, there is a huge expansion of investment, driven by the financial sector. Wealthy investors begin to expect outsized returns and so there is over-investment. The resulting bubbles in due course burst

Just as in ancient Egypt, no progress was possible so long as the myths and rituals of the economic priesthood and their offerings to the gods were widely accepted as real indicators of what was going on, so today no progress is possible so long as the myths and rituals of the modern economic priesthood still has a pervasive hold of people’s minds

In the modern economy, the myths and rituals of the economic priesthood are built on the notion that the purpose of a firm is to maximize shareholder value and the notion that if the share price is increasing, things are going well. These ideas are the intellectual underpinnings of the zero-sum activities of the financial sector for “making money out of money”, by whatever means possible

Like the myths and rituals of the priests of ancient Egypt, shareholder value theory is espoused with religious overtones. Shareholder value, which even Jack Welch has called “the dumbest idea in the world,” remains pervasive in business, even though it is responsible for massive offshoring of manufacturing, thereby destroying major segments of the US economy, undermining US capacity to compete in international markets and killing the economic recovery.

If instead society decides that the financial sector should concentrate on its socially important function of financing the real economy and providing financial security for an ever wider circle of citizens and enterprises, we could enjoy an era of growth and lasting prosperity.

In the District of Columbia, the rate is 18.5 per 100,000 — the highest in the United States.

"If you compare us to other well-off countries, we really stand out."

with deaths due to gun violence rare even in many low-income countries — such as Tajikistan and Gambia, which saw 0.18 deaths and 0.22 deaths, respectively, per 100,000 people.

"It is a little surprising that a country like ours should have this level of gun violence,"

Prosperous Asian countries such as Singapore (0.01), Japan (0.02) and South Korea (0.02) boast the absolute lowest rates — along with China, also at 0.02.

With the casualties due to armed conflicts factored out, even in conflict-ridden regions such as the Middle East, the U.S. rate is worse.

The U.S. gun violence death rate is also higher than in nearly all countries in sub-Saharan Africa, including many that are among the world's poorest.

We’ve yet to fully understand how trust might affect whether or not students finish school.

First, how does trust influence important college outcomes like degree completion and learning? Second, what strategies can colleges and universities use to improve trust among their constituents, particularly college students? Third, is there a productive role that higher education institutions can play in encouraging long-term societal trust among students?

Even after slavery, these schools continued to oppress Black people by not allowing them to enroll as students.

Even though the nation’s 100 or so HBCUs represent less than 3% of the nation’s 4,360 colleges and universities, they graduated 13% of Black undergraduate college students nationally in the 2017-2018 school year.

The disparities transcend higher education. White families, on average, tend to have 10 times the wealth of Black families.

Yet scholars and economists studying racial economic inequality, such as William A. Darity Jr., point to the need for federal action. This action could range from economic reparations and endowment-building at HBCUs to debt forgiveness for Black students.

there are over six times as many people in the US who claim to be Irish in the US as those living in the Republic of Ireland itself.

If measured by when their last ancestor left Ireland, Joe Biden is no more Irish than Barack Obama

Perhaps the most dramatic example of this was shown by Jimmy Carter, who – on St Patrick’s Day 1976 – marched down Fifth Avenue in New York wearing a badge emblazoned with the slogan “England, get out of Ireland”.

With Donald Trump being the exception, nearly every president of the last half-century has identified as “Irish”, even when the evidence of such a link has been tenuous.

In spite of this, US presidential administrations have sought a more balanced approach. The US considers the UK to be one of its most valuable and important strategic partners. US presidents work closely with British governments, while also offering symbolic affirmation for Ireland.

While Biden’s personal affinities are clear, we should expect him to follow his predecessors in placing US security interests before Irish nationalist affections.

On the domestic front, travelers arriving in the U.S. from the U.K. are now required to show proof of a negative COVID-19 test under new rules issued by CDC on Christmas day.

Despite such measures, the new strain has already been detected in mainland Europe, Israel, Canada and Japan, among other places.

compared to Hong Kong, which has put in place a "prohibition of group gatherings of more than two persons."

While some other places are shortening COVID quarantines from 14 days down to 10 or 7, Hong Kong is now requiring a mandatory 21 days.

Thailand, which had kept its daily tally of reported COVID-19 cases in the single digits for much of the pandemic, is grappling with its worst surge to date.

South Korea, which successfully contained two earlier waves of COVID-19, is facing record numbers of new cases and a spike in fatalities.

Given the high levels of transmission already occurring in the U.S., a more transmissible form of the virus could mean more even more dire numbers just as massive vaccine campaigns are starting.

"The European relationship has changed and will now be shrouded in skepticism,"

Trump's outward aggression affected all aspects of European life, be it trade, defense or even the emotional shared ideas and cultural ties.

All those things suddenly seem debased and of less value."

"When they did take big stances on things like China or Iran, they chose not to involve anyone, leaving Europeans scrambling for a response,"

But he might have to accept that America's role in these relationships has changed."

This has led to lots of countries having to think more seriously about their future with a less assertive US,"

"In some respects, it was a good thing Trump forced us to think more about diplomatic initiatives, NATO and withdrawal of US troops,"

A view many European officials share is that no matter how friendly Biden is, Trump happened once -- and could happen again.

In 2024, Ivanka Trump, Donald Trump Jr., Mike Pompeo, or any other of his allies could conceivably pick up the torch and win an election.

"We cannot afford to be naive. If you look at the number of votes that Trump got, he wields an influence on American voters.

This anti-global, 'America First' undercurrent in American politics is still very much alive and we have to hedge our bets,"

For the US, it's unclear whether being downgraded as a diplomatic force is something that its citizens, who've lived through four introspective years of "America First," will even care about.

Regardless, the Trump era has left Europeans with little choice but to wait and see how much of a priority Biden places on reclaiming America's place on the world stage.

Trees act as water filters, taking in dirty surface water and absorbing nitrogen and phosphorus into the soil.

But the one reason for tree loss that humans can control is sensible development.

“Every time we put a road down, we put a building and we cut a tree or add a tree, it not only affects that site, it affects the region.”

The study placed a value on tree loss based on trees’ role in air pollution removal and energy conservation. The lost value amounted to $96 million a year.

Trees provide shade for homes, office buildings, parks and roadways, cooling surface temperatures.

Trees absorb carbon and remove pollutants from the atmosphere.

Trees reduce energy costs by $4 billion a year, according to Nowak’s study.

there are many reasons our tree canopy is declining, including hurricanes, tornadoes, fires, insects and disease.

Trees reduce flooding by absorbing water and reducing runoff into streams.

Trees can deflect sound

Trees absorb 96% of ultraviolet radiation, Nowak says.

Many studies have found connections between exposure to nature and better mental and physical health.

And studies have associated living near green areas with lower death rates.

Worldwide, forests provide for a huge diversity of animal life.

there’s a downside to trees too, such as pollen allergies or large falling branches in storms, “and people don’t like raking leaves.”

Urban forests especially need our help to replace fallen trees. Unlike rural areas, it is very difficult for trees to repopulate themselves in a city environment with so much pavement and asphalt.

Don’t remove old trees if it’s not necessary: Instead, try taking smaller actions like removing branches.

these brain fibers grow

fibers connect your brain cells to one another at contact points called synapses.

Practice leads to stronger connections in the brain

brain fibers can only grow from existing brain fibers.

build on information that is already stored in the brain.

having a strong understanding of the foundational content in a given subject is essential

The larger your brain fibers grow, and the more brain cells they connect, the more information can be stored in your brain.

With enough practice, these thickened brain fibers will eventually form double connections to one another.

causes your dendrites to grow thicker and to coat themselves with a fatty layer.

The fatty coating on brain fibers also speeds up your brain’s ability to process information.

solidify that information or ability in your brain more permanently.

the brain grows fibers that relate to what you are practicing.

, but to also perform that skill yourself. This will help you truly learn it.

its general limit is five to seven items.

memory can be improved by taking proper care of your brain and body.

grouping items together before you try to memorize them.

a routine lack of sleep can have detrimental impacts on your health.

sleep deprivation can drastically diminish your brain’s ability to take in new information.

it is extremely important to get a full night’s rest within the first 30 hours of learning new knowledge.

"From a public health perspective, you cannot have an effective national response to a pandemic that excludes enormous segments of the population. That's both illogical and immoral," Sarmiento says.

"With one of the worst jobless reports in quite a few years, the primary focus right now should be on American workers and lawful immigrants," said Chris Chmielenski, deputy director of Numbers USA. "We should make sure that those people are taken care of first."

"This is a crisis moment for hundreds of thousands of undocumented workers and families that don't have any sort of a basic work protections, like sick leave, like unemployment insurance," says Sarmiento of the National Day Laborer Organizing Network.

"We know that plastic pollution is a global problem -- it existed before the pandemic," Nick Mallos of US-based NGO Ocean Conservancy tells CNN. "(But) we've seen a lot of industry efforts to roll back some of the great progress that's been made.

"It's been raining here for two days, so these are very quickly washed down into the sewer. Here in Washington DC, they end up in the Anacostia River, out in the Chesapeake Bay, and then the Atlantic Ocean."

Over time, those products break down and add to the vast collections of microplastics in our seas, air and food. And the irony is that, while we produce and discard plastic to fight one public health crisis, we may be slowly contributing to another.

"As Covid-19 hits, it seems to be shifting the tide toward single-use plastics," Peszko concluded.

"We are oversaturated daily with news around the pandemic ... there is so much information streaming to us daily that many of these types of messages can be missed," he says. "It may not seem like a significant action at the moment, but it will manifest in very dangerous ways down the road."

The premium increases would be felt most by middle-class consumers who do not qualify for federal aid with either their premiums or their out-of-pocket costs.

Last week alone, though, 1.6 million people newly applied for unemployment benefits. That’s the equivalent of 2,300 Carrier plants

Somehow, for years, the four tragic deaths in Benghazi consumed the agenda of six GOP-controlled congressional committees and the programming of the most-watched cable news channel. But today, a deadly shock magnified by government ineptitude that has led to 46,000 times as many lives lost “is what it is.”

the coronavirus death toll is about 46,000 Benghazis

According to congressional investigators, Navarro negotiated a contract that resulted in the government overpaying for ventilators by $500 million. (The contract was canceled Monday.) He also championed a $765 million federal loan to Eastman Kodak to transform it into a drugmaker. (The loan has since unraveled and is the subject of a securities investigation.)

So how many taxpayer dollars was Navarro involved in wasting through these two deals alone? Measured in units that should be familiar to consumers of right-wing news, it’s roughly two Solyndras.

The debt increase under Trump during a single term is on track to surpass that under Obama across two terms.

For each Hillary Clinton private email scandal (one), there are at least eight senior Trump officials who have reportedly used private email to conduct official business

For every Obama-era incident involving supposed retaliation against political opponents, there are literally dozens of instances of Trump trying to use the power of his office to punish perceived enemie

traditionally “masculine” virtues are not exclusively male. Women who successfully model these attributes are all around us

Rudyard Kipling’s famous poem “If—” is one of the purest distillations of restraint as a traditional manly virtue. It begins with the words “If you can keep your head when all about you / Are losing theirs and blaming it on you.” The entire work speaks of the necessity of calmness and courage.

Stoicism carried to excess can become a dangerous form of emotional repression, a stifling of necessary feelings. But the fact that the kind of patience and perseverance that marks stoicism can be taken too far is not to say that we should shun it. In times of conflict and crisis, it is the calm man or woman who can see clearly.

If you spend much time at all on right-wing social media — especially Twitter these days — or listening to right-wing news outlets, you’ll be struck by the sheer hysteria of the rhetoric, the hair-on-fire sense of emergency that seems to dominate all discourse.

Catastrophic rhetoric is omnipresent on the right. Let’s go back to the “groomer” smear. It’s a hallmark of right-wing rhetoric that if you disagree with the new right on any matter relating to sex or sexuality, you’re not just wrong; you’re a “groomer” or “soft on pedos.

But conservative catastrophism is only one part of the equation. The other is meanspirited pettiness

Traditional masculinity says that people should meet a challenge with a level head and firm convictions. Right-wing culture says that everything is an emergency, and is to be combated with relentless trolling and hyperbolic insults.

Jonah Goldberg wrote an important piece cataloging the sheer pettiness of the young online right. “Everywhere I look these days,” he wrote, “I see young conservatives believing they should behave like jerks.” As Jonah noted, there are those who now believe it shows “courage and strength to be coarse or bigoted.”

Hysteria plus cruelty is a recipe for violence. And that brings us back to Mr. Hawley. For all of its faults when taken to excess, the traditional masculinity of which he claims to be a champion would demand that he stand firm against a howling mob. Rather, he saluted it with a raised fist — and then ran from it when it got too close and too unruly.

American men are in desperate need of virtuous purpose.

I reject the idea that traditional masculinity, properly understood, is, “on the whole, harmful.” I recognize that it can be abused, but it is good to confront life with a sense of proportion, with calm courage and conviction.

One of the best pieces of advice I’ve ever received reflects that wisdom. Early in my legal career, a retired federal judge read a brief that I’d drafted and admonished me to “write with regret, not outrage.”

Husband your anger, he told me. Have patience. Gain perspective. So then, when something truly is terrible, your outrage will mean something. It was the legal admonition against crying wolf.

“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.