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Not only is the process still prohibitively expensive, research has shown that so far it hasn’t been very effective. A 2019 study at Stanford University found that current carbon capture projects miss well more than half of the carbon dioxide in emissions.

Project Tundra’s managers hope they can achieve a significant breakthrough, aiming to capture 90 percent of the CO2 once they have the project in operation. Essentially, the carbon dioxide would be absorbed out of the “flue gas,” or exhaust, by amine-based solvents, which would be pumped to a regeneration unit that would heat the solvents and free the CO2 again, in a pure form. Then it would be condensed and pumped to natural caverns deep underground.

For now the project is still in the design and engineering phase, together with financial analysis. Equipment at the site has been used to test the process; now the results are being analyzed. If the pieces fall into place and the project gets a green light from regulators and company officials, construction could get started as early as next year.

“This carbon sequestration project really gets us excited,” he said. “It gives coal a role in stabilizing the grid.” He added: “If there are better solutions than coal out there, so be it. We just believe those solutions don’t exist.”

There are warning signs, nonetheless. Even though the price of oil has bounced back after the disastrous months when the pandemic struck last year, and production at existing wells is humming along, there’s little new drilling in the Bakken. The number of rigs has fallen from 55 in early 2020 to 23 today.

Her attitude about the coal-powered electricity she uses in her car is that it’s not great, it’s probably on the way out, it’s better than using gasoline.“Gas is a continuous circle of energy wastage,” she said. “You have to use energy to extract it, you have to use energy to transport it, you have to use energy to refine it, you have to use energy to transport it back.

Kathy Neset moved to the Bakken with a degree in geology from Brown University in 1979 and built a successful oil-field consulting company on the vast, windswept jumble of low hills and ridges, once good only for cattle raising. She understands perfectly well that electric cars are coming, yet she has faith that new uses for petroleum will keep the oil sector in business.

“Do we blow away like tumbleweeds? Or do we evolve?” she said in an interview at her gleaming office building in Tioga, N.D. “This is an industry that has a history of adopting, evolving and changing with the nation. I don’t see oil going away in any of our lifetimes. It’s our way of life. Where we lose out on transportation we will gain on new technologies.”

Destiny Wolf, 39, an upbeat advocate for electric vehicles, also feels the stigma of driving a Tesla — in her case a Model 3.Oil workers, Wolf said, see electric vehicles as an attack on their livelihoods. “You know, sitting there at a red light, they drive up, roll down their windows, they start yelling and cursing at me,” she said. “If that’s your existence, it’s really sad.”

Neset said she believes that investment firms, especially those that have signed on to corporate governance protocols that embrace environmental and social goals, “just don’t want to put their capital into new drilling until we figure out a way to handle this in a clean way.”

“In rural America there is very little you can do without that [oil],” Ness said. “We just don’t have opportunities here. It enables us to build schools, rather than close schools.”

Charles Gorecki, CEO of an incubator at the University of North Dakota called the Energy and Environmental Research Center, is promoting a plan similar to the coal industry’s Project Tundra. But it would go further — he envisions the injection of carbon dioxide into deep caverns as a way of enhancing the extraction of more oil. More carbon would go into the ground than would come out of it as petroleum, he said. North Dakota could even import carbon dioxide from other states.

“There is an enormous amount of space to store CO2,” he said. “What we need to do is make it an economically attractive option. The goal is to reduce carbon emissions. It should be by any and all means.”

A new state body called the Clean Sustainable Energy Authority is charged with promoting clean-energy technologies — with the understanding that the energy being talked about is from coal, oil or natural gas. Carbon capture is one idea; another is hydrogen-powered vehicles, using “blue” hydrogen from natural gas.

“Even if we transition to all electric vehicles and hydrogen vehicles, North Dakota will have a part to play,” said Joel Brown, a member of the CSEA. “I think of it as a moonshot for the state of North Dakota.”

In the history of the Bakken, 3 billion barrels of oil have been pumped out. Brown said 30 billion to 40 billion more barrels is still in the ground and recoverable.

“We have to make that Bakken barrel just a little bit cleaner than every other barrel in the world,” said Ron Ness, head of the North Dakota Petroleum Council, a trade group. “You look at the standard American family and the affordability of the combustion engine, and I think gasoline is going to be around for a long time.”

North Dakota went from being the 10th-largest oil-producing state in 2005 to the second in 2015.

Watford City is in McKenzie County, which between 2010 and 2019 was the fastest-growing county in the United States, according to census figures. In the late 1990s, said Steve Holen, the school superintendent, people thought the county would soon have nothing but bison and nursing homes. Oil changed all that, and residents are reluctant to let that go.

So the oil sector, too, is putting its chips on carbon capture.

Consequently, there’s a widespread conviction in the Bakken that electric vehicles will never amount to much. “It’s a cultural challenge,” said Neset. “I’m not sure how many of these cowboys and cowgirls are going to want to jump in an electric car.”

A question about EVs that was put to a Bakken Facebook group elicited scathing, vulgar responses. “Let the retirees living in Florida, Arizona and California buy them. I am from North Dakota, give me a gas guzzling ‘truck,’” wrote one.

“Anyone that supports electric over gas and works in the Bakken is a hypocrite. Your job revolves around oil. No oil = No job for most. Easiest math I have ever done,” wrote another.

“Never, ever, ever,” wrote a third.But there are signs this hostility to electric is cracking.

And yet, when people act as if Mr. Altman has nearly realized his long-held vision, he pushes back.

This past week, more than a thousand A.I. experts and tech leaders called on OpenAI and other companies to pause their work on systems like ChatGPT, saying they present “profound risks to society and humanity.”

As people realize that this technology is also a way of spreading falsehoods or even persuading people to do things they should not do, some critics are accusing Mr. Altman of reckless behavior.

“The hype over these systems — even if everything we hope for is right long term — is totally out of control for the short term,” he told me on a recent afternoon. There is time, he said, to better understand how these systems will ultimately change the world.

Many industry leaders, A.I. researchers and pundits see ChatGPT as a fundamental technological shift, as significant as the creation of the web browser or the iPhone. But few can agree on the future of this technology.

Some believe it will deliver a utopia where everyone has all the time and money ever needed. Others believe it could destroy humanity. Still others spend much of their time arguing that the technology is never as powerful as everyone says it is, insisting that neither nirvana nor doomsday is as close as it might seem.

he is often criticized from all directions. But those closest to him believe this is as it should be. “If you’re equally upsetting both extreme sides, then you’re doing something right,” said OpenAI’s president, Greg Brockman.

To spend time with Mr. Altman is to understand that Silicon Valley will push this technology forward even though it is not quite sure what the implications will be

in 2019, he paraphrased Robert Oppenheimer, the leader of the Manhattan Project, who believed the atomic bomb was an inevitability of scientific progress. “Technology happens because it is possible,” he said

His life has been a fairly steady climb toward greater prosperity and wealth, driven by an effective set of personal skills — not to mention some luck. It makes sense that he believes that the good thing will happen rather than the bad.

He said his company was building technology that would “solve some of our most pressing problems, really increase the standard of life and also figure out much better uses for human will and creativity.”

He was not exactly sure what problems it will solve, but he argued that ChatGPT showed the first signs of what is possible. Then, with his next breath, he worried that the same technology could cause serious harm if it wound up in the hands of some authoritarian government.

Kelly Sims, a partner with the venture capital firm Thrive Capital who worked with Mr. Altman as a board adviser to OpenAI, said it was like he was constantly arguing with himself.

“In a single conversation,” she said, “he is both sides of the debate club.”

He takes pride in recognizing when a technology is about to reach exponential growth — and then riding that curve into the future.

he is also the product of a strange, sprawling online community that began to worry, around the same time Mr. Altman came to the Valley, that artificial intelligence would one day destroy the world. Called rationalists or effective altruists, members of this movement were instrumental in the creation of OpenAI.

Does it make sense to ride that curve if it could end in diaster? Mr. Altman is certainly determined to see how it all plays out.

“Why is he working on something that won’t make him richer? One answer is that lots of people do that once they have enough money, which Sam probably does. The other is that he likes power.”

“He has a natural ability to talk people into things,” Mr. Graham said. “If it isn’t inborn, it was at least fully developed before he was 20. I first met Sam when he was 19, and I remember thinking at the time: ‘So this is what Bill Gates must have been like.

poker taught Mr. Altman how to read people and evaluate risk.

It showed him “how to notice patterns in people over time, how to make decisions with very imperfect information, how to decide when it was worth pain, in a sense, to get more information,” he told me while strolling across his ranch in Napa. “It’s a great game.”

He believed, according to his younger brother Max, that he was one of the few people who could meaningfully change the world through A.I. research, as opposed to the many people who could do so through politics.

In 2019, just as OpenAI’s research was taking off, Mr. Altman grabbed the reins, stepping down as president of Y Combinator to concentrate on a company with fewer than 100 employees that was unsure how it would pay its bills.

Within a year, he had transformed OpenAI into a nonprofit with a for-profit arm. That way he could pursue the money it would need to build a machine that could do anything the human brain could do.

Mr. Brockman, OpenAI’s president, said Mr. Altman’s talent lies in understanding what people want. “He really tries to find the thing that matters most to a person — and then figure out how to give it to them,” Mr. Brockman told me. “That is the algorithm he uses over and over.”

Mr. Yudkowsky and his writings played key roles in the creation of both OpenAI and DeepMind, another lab intent on building artificial general intelligence.

“These are people who have left an indelible mark on the fabric of the tech industry and maybe the fabric of the world,” he said. “I think Sam is going to be one of those people.”

The trouble is, unlike the days when Apple, Microsoft and Meta were getting started, people are well aware of how technology can transform the world — and how dangerous it can be.

Mr. Scott of Microsoft believes that Mr. Altman will ultimately be discussed in the same breath as Steve Jobs, Bill Gates and Mark Zuckerberg.

The woman was the Canadian singer Grimes, Mr. Musk’s former partner, and the hat guy was Eliezer Yudkowsky, a self-described A.I. researcher who believes, perhaps more than anyone, that artificial intelligence could one day destroy humanity.

The selfie — snapped by Mr. Altman at a party his company was hosting — shows how close he is to this way of thinking. But he has his own views on the dangers of artificial intelligence.

In March, Mr. Altman tweeted out a selfie, bathed by a pale orange flash, that showed him smiling between a blond woman giving a peace sign and a bearded guy wearing a fedora.

He also helped spawn the vast online community of rationalists and effective altruists who are convinced that A.I. is an existential risk. This surprisingly influential group is represented by researchers inside many of the top A.I. labs, including OpenAI.

They don’t see this as hypocrisy: Many of them believe that because they understand the dangers clearer than anyone else, they are in the best position to build this technology.

Mr. Altman believes that effective altruists have played an important role in the rise of artificial intelligence, alerting the industry to the dangers. He also believes they exaggerate these dangers.

As OpenAI developed ChatGPT, many others, including Google and Meta, were building similar technology. But it was Mr. Altman and OpenAI that chose to share the technology with the world.

Many in the field have criticized the decision, arguing that this set off a race to release technology that gets things wrong, makes things up and could soon be used to rapidly spread disinformation.

Mr. Altman argues that rather than developing and testing the technology entirely behind closed doors before releasing it in full, it is safer to gradually share it so everyone can better understand risks and how to handle them.

He told me that it would be a “very slow takeoff.”

When I asked Mr. Altman if a machine that could do anything the human brain could do would eventually drive the price of human labor to zero, he demurred. He said he could not imagine a world where human intelligence was useless.

If he’s wrong, he thinks he can make it up to humanity.

His grand idea is that OpenAI will capture much of the world’s wealth through the creation of A.G.I. and then redistribute this wealth to the people. In Napa, as we sat chatting beside the lake at the heart of his ranch, he tossed out several figures — $100 billion, $1 trillion, $100 trillion.

If A.G.I. does create all that wealth, he is not sure how the company will redistribute it. Money could mean something very different in this new world.

But as he once told me: “I feel like the A.G.I. can help with that.”

China’s political sphere remains male-dominated: women are starkly underrepresented in China’s Parliament and the Communist Party’s Central Committee. In fact, many young Chinese women, disillusioned about their prospects in an economy many see as navigable only by those with money or connections, say the best hope for a woman is “to marry a rich man.” On a popular TV dating show, a model rebuffed an endearing but poor suitor by saying, “I’d rather cry in a BMW than laugh on the back seat of a bicycle.” In a survey of more than 50,000 single women, as reported in China Daily, 80 percent agreed that “only men who make more than 4,000 yuan [$634] a month deserve to have a relationship with a woman.”

at least in business, women and men in China operate largely on a level playing field. “Sixty years of communism,” said Yu, “did one really good thing: bring true equality between the sexes. I think people in China are brought up believing that women are just as capable as men.”

the Mao era was a deviation for China: anti-intellectual, anti-Confucian, collectivist rather than family-oriented. Thus, as China sheds its communist mantle, it is not only Westernizing but also Sinicizing, rediscovering its traditional values.

These values, however, are mutating. The traditional Chinese family, for example, was a pyramid, with a few revered elders at the pinnacle and many younger generations below. In a typical Chinese family today, the pyramid has been inverted, with a “little emperor” only child at the bottom, doted on and catered to by parents and grandparents. At the same time, while the intense competitive pressures of Confucian China have returned, the countervailing Confucian values—selflessness, compassion, honor, and rectitude—have not. As a result, many worry that the China emerging from communism will know no values other than wealth and materialism.

“When we were growing up,” says Yang, “we wanted to be nurses, doctors, astronauts, teachers. Today people are suspicious of anything noble or grand. Kids just want to be rich or powerful.” In 2009, schoolchildren in Guangzhou City were asked what they wanted to be when they grew up. A viral Internet video—later blocked and deleted—showed an adorable 6-year-old giving her answer: “A corrupt official.”

the four women I interviewed are a new breed. Progressive, worldly, and open to the media, they are in many ways not representative of China, past or present. Perhaps they are merely the lucky winners of the 1990s free-for-all in China, a window that may already be closing. Or perhaps they are the forerunners of a China still to come, in which paths to success are far more open.

“The sophisticated consumer became a bit disappointed in luxury as it strove for ubiquity,”

“You can’t keep opening stores,” Mr. Hutchings said, “so you have to think about exactly how you are engaging with the consumer.” He added: “The new model is representing something a whole lot deeper and more meaningful to consumers.”

As a result, a new front has opened in the luxury wars, with the names stitched inside handbags now also chiseled on cultural institutions. In Italy alone, Tod’s, the Italian luxury group, is underwriting the restoration of the Colosseum for 25 million euros, or $31.7 million; LVMH’s Fendi is spending €2 million for restoration of the Trevi Fountain; Versace is helping to restore Milan’s Galleria Vittorio Emanuele II; and Salvatore Ferragamo pitched in at the Uffizi Gallery in Florence.

“Consumers buy luxury goods products as a way to ennoble themselves; luxury goods companies and brands can earn more ‘nobility’ by associating their names to art and masterpieces,”

All of this halo-associating behavior is occurring as luxury has become more enticing as a sector. In the depths of the recession, the luxury market grew by 5 percent worldwide

Today, the company vies for brands and creative talent not just with peers like Kering and Richemont, but also with private equity firms like Yucaipa (which has stakes in Barneys and Zac Posen) and players from the Middle East and Asia. The Qatar Investment Authority owns Harrods as well as minority stakes in Tiffany and Porsche. And the Hong Kong-based Fung Group, through its private equity vehicle First Heritage Brands, owns Sonia Rykiel, Robert Clergerie and Delvaux.

the question for a business being courted by several buyers is not so much “Can you afford us?” as “Who do we like best?” In that context, “linking to culture is a very powerful tool,” said Ms. D’Arpizio at Bain. “You are dealing largely with entrepreneurs who want their brand to survive them and last into the future, and culture is all about preserving that for the future.”

“Steve Jobs once asked me for some advice about retail, but I said, ‘I am not sure at all we are in the same business.’ I don’t know if we will still use Apple products in 25 years, but I am sure we will still be drinking Dom Pérignon.”Technology is predicated on change; luxury, however, is predicated on heritage and connection to tradition.

“France has a complicated relationship to success,” said Mr. Burke, who has worked with Mr. Arnault since that time. “Just think about the fact the expression ‘to make money’ does not exist in France. You ‘gagner l’argent’; you win money — the implication being either you are taking it away from someone by beating them, or you didn’t deserve it. And in France, Bernard Arnault epitomizes making money.”

Mr. Arnault sees his role as ensuring the future of brands, but not necessarily the designers behind them — a crucial distinction. As a result, whenever he makes a controversial play for a company, the predator image becomes part of the fight.

The increased prominence of Antoine and Delphine Arnault has also helped promote an image of LVMH — despite being a huge public company with €29.1 billion in revenue — as a family affair.

“It will show everyone who he really is,” Mr. Claverie said, suggesting that the FLV would reveal Mr. Arnault as someone who makes creativity happen, as opposed to a man who merely exploits and commoditizes it.

“I told Mr. Arnault to be prepared for the fact that the French reaction, at least, will not be all positive,” Mr. Burke of Vuitton said. “I think we may get something along the lines of, ‘Who does he think he is to do this? It is not for business people to make these kinds of cultural statements!’ and so on.”

“At some point, though, France will adapt to it,” he continued. “Then they will accept it. And then they will love it.”

Piketty’s analysis articulates what many people on the Democratic left feel intuitively, that a domestic tax, spending and regulatory agenda is ineffective in the face of the power of globalized capital to grind down wages and benefits.

Rogoff views evidence of growing inequality presented by Piketty and others as “persuasive” and he proposes a number of alternative, smaller-scale remedies to control disproportionate wealth accumulation. He suggests a shift to a “relatively flat consumption tax, with a large deductible for progressivity.”

“absent aggressive policy intervention, the Western world appears to be headed toward a plutocratic dystopia characterized by wealth inequality approaching that of ancien régime France.”

Baker wrote that “a big part of the appeal is that it allows people to say capitalism is awful but there is nothing that we can do about it.”

Piketty’s proposed global tax would set rates of 0.1 to 0.5 percent on fortunes of less than 1 million euros ($1.37 million); 1 percent on assets of 1 to 5 million euros ($1.37 million to $6.87 million); 2 percent on holdings of 5 to 10 million euros ($6.87 million to $13.7 million); and a sliding scale ultimately reaching 10 percent on fortunes of “several hundred million or several billion euros.”

Why, Rogoff asks, should we “try to move to an improbable global wealth tax when alternatives are available that are growth friendly, raise significant revenue, and can be made progressive through a very high exemption”?

Rogoff cites a series of suggestions developed by Jeffrey Frankel, a professor at the Kennedy School at Harvard. These include “the elimination of payroll taxes for low-income workers, a cut in deductions for high-income workers, and higher inheritance taxes.”

In other words, centrists like Rogoff and Crook – in addition to liberals determined to assault bastions of privilege — are beginning to take proposals to restrain the growing concentration of wealth seriously.

Both the shift of attention to wealth and the seriousness with which a proposal to constrain the accumulation of wealth is being taken represent a major change in the contemporary debate over inequality. Few Americans appear to begrudge the multimillion dollar annual compensation of entrepreneurial executives like Steve Jobs or Bill Gates. But inherited and unearned wealth does not command the same legitimacy.

In fact, the emergence of what Piketty calls “patrimonial capitalism” — concentrated wealth and political power passed on from generation to generation in a class-based social order — runs directly counter to the longstanding American commitment to equality of opportunity. Piketty has laid the intellectual groundwork for a challenge to a social and political order based on socioeconomic ranking by wealth stratification.

Hachette, though owned by $10 billion French media conglomerate Lagardère, is a much smaller company and is losing millions in this battle. It's also risking its reputation among authors, its most important group of partners

More liberal discounting practices will give Amazon the power to continue to gain market share and it's easy to imagine a scenario where it controls three-quarters of all book sales in the U.S. At the same time, higher co-op payments would make book publishers less profitable and less likely to invest in riskier book projects.

what would happen next: Let’s say Amazon goes to 70 percent and they’re basically the pipes for everything and they’re indispensable and you can’t publish a book without them. So, what do they do then? If they’re still trying to maximize profits, we’ll still have lots of romance books and James Patterson will still write his books. But serious nonfiction books won't get published. Those are the books that will go first.

Nonfiction books, like Walter Isaacson's biography of Steve Jobs, are expensive and risky to produce and rarely sell well, yet many of these books drive intellectual thinking in the U.S. Robert Caro's latest book on Lyndon Johnson The Passage of Power: The Years of Lyndon Johnson took nearly a decade to write—and that means investment and risk.

The U.S. economy has been steadily adding jobs, but is struggling to break out of a sluggish growth trajectory amid turmoil in overseas economies.

Excluding the volatile food and energy categories, so-called core prices rose 0.1%, their smallest increase since August.

Even as unemployment has fallen to 5%, workers have seen only modest wage growth. Wednesday’s report showed gasoline prices have fallen by 19.7% since December 2014, saving many Americans hundreds of dollars. But those savings from have so far failed to translate into robust consumer spending.

The #MeToo movement has established just how pervasive sexual harassment and assault are, and conservatives suspect that Democrats and the media will weaponize such allegations to destroy as many prominent Republicans as possible. Which means that if the GOP can’t hold the line on Kavanaugh, it faces an endless series of Kavanaugh-style scandals.

Even more alarming for many conservatives is that, until recently, Kavanaugh’s alleged offenses would have carried few consequences. Liberals have moved the goalposts.

every new allegation convinces conservatives that they might as well defend Kavanaugh now rather than fight the next cultural battle after having ceded precious ground.

Conservatives, by contrast, fear a kind of cultural delegitimization—a liberal rewriting of America’s moral code so that conservatives are forever deemed too sexist or racist to hold jobs like associate justice of the Supreme Court.

Populists in both parties share privacy concerns for U.S. citizens—not to mention what China can do with the data it gets from tech companies. Steve Bannon even suggested that users’ data should be controlled by a public trust.

Why don’t House Democrats help him deliver his promised $1 trillion plan for roads, ports, transit, the grid and more? This time around, Democrats could eschew the Solyndras and other political pipe dreams, avoid making unrealistic “shovel ready” promises, and instead stick to locally vetted projects. These projects would also create well-paying construction jobs and help a broad array of communities and workers, including union members.

They can succeed, however, in heightening the tension between Mr. Trump’s populist instincts and conservative orthodoxy, showing that populism does not have to be a uniquely Republican force in 2020. And don’t worry that these policies could cause more harm than benefit. House Democrats are unlikely to resist the temptations of impeachment and prioritize substance over style

“Bernie’s still being given a bit of a free pass by the national media,” he says. “I do not believe that he would be a strong candidate for our party in the fall. And, except for three months out of every four years, he’s not even of our party.”

Here’s a guy who has been a kind of stalwart of the National Rifle Association, a man who said immigrants steal our jobs right up until he ran for president,

Of course, much of the energy that delivered such victories was determinedly progressive, akin to or directly supportive of Sanders and his transformative effect on the liberal cause. But O’Malley is as much a pillar of the party as Sanders is not.

e smiles. “Do you want me to speak more frankly?”

Some such stories, he says, feature in another manuscript, written with the guidance of the late Richard Ben Cramer, the author of What It Takes, “the definitive book about the 1988 presidential race” in which Hart flew so high then fell. Its title is Baltimore: A Memoir and a piece of it is out there on the web. Some want O’Malley to rewrite it, he says, to tie his own story more closely to the idea he was the model for the mayor of Charm City played by Aidan Gillen in The Wire, David Simon’s groundbreaking HBO series. He’s not keen.

Such focus seems timely: with the federal government in Trump’s sclerotic grip, cities in particular have begun to take a lead. On climate change, for example, some US mayors have reacted to Trump’s withdrawal from the Paris deal by saying they will simply pursue its aims themselves.

The Gonzaga gathering, O’Malley says, is a friendly one, a chance for the old boys “to ask, ‘Hey, how are you doing? How’s your wife? How’s your kids? What are you up to?’

“We recognized each other from the Sunday shows and having served together. We shook hands … but it was not a moment for me to simply say, ‘Hey, how’s work?’ I know how work is with him.

om Perez, once the Maryland secretary of labor, ended up in the role but O’Malley supported a young mayor from the Republican heartlands: Pete Buttigieg, now a challenger in the presidential primary.

But in an echo of the frustrations of 2016, O’Malley criticises the way the DNC has run the primary, particularly the way debate qualifications based on polling data and donor numbers – changed this week – have kept the likes of the former Massachusetts governor Deval Patrick (“a friend” to whom O’Malley has donated) and the Montana governor Steve Bullock firmly out of the spotlight.

I was out there rattling the tin cup, from county square to county square.”

“All of that’s part of the process. But at the end of the day, we have to nominate someone who can defeat him and who can bring our country together and govern.”

“A crisis allows them to mobilize the country in ways that ordinary times do not. It’s not like a crisis allows you to become a great leader, but it offers the chance. It also offers the chance for great difficulty.”

Trump now concedes that a recession may hit. But even his former advisers offer a more ominous forecast. Kevin Hassett, who chaired Trump’s Council of Economic Advisers, told CNN on Monday that the chances of a global recession are “close to 100 percent.” Next month, the U.S. economy could show a loss of 1 million jobs, he said

We are in a recession right now,” Stephen Moore, a former Trump campaign adviser whom the president had (controversially) considered for a seat on the Federal Reserve Board, told me. “The economy is at a complete standstill right now. This changes everything politically and economically.”

For now, Trump has bigger problems than reelection. A rich irony underlies his challenge. The disease’s trajectory hinges, in part, on the competence of the same state leaders with whom Trump has tussled. He needs Cuomo, Inslee, and California Governor Gavin Newsom to delive

About 150 public companies managed to bag more than $600m in forgivable loans before the funds ran out. Among them was Shake Shack, a company with 6,000 employees valued at $2bn. It has since given the cash back but others have not.

Fisher Island, a members-only location off the coast of Miami where the average income of residents is $2.2m and the beaches are made from imported Bahamian sand, has received $2m in aid.

The banks that were the largest recipients of bailout cash in the last recession have also done well, raking in $10bn in fees from the government loans, according to an analysis by National Public Radio.

By 2016 – seven years after the end of the last recession – the bottom 90% of households in the US had still not recovered from the last downturn while the top 10% had more wealth than they had in 2007.

For black and Latinx Americans, the situation is worse. The black-white wage gaps are larger today than they were in 1979.

Meanwhile, billionaires have been unable to put a well-heeled foot wrong. Billionaire wealth soared 1,130% in 2020 dollars between 1990 and 2020, according to the Institute for Policy Studies

That increase is more than 200 times greater than the 5.37% growth of median wealth in the US over this same period

the tax obligations of America’s billionaires, measured as a percentage of their wealth, decreased 79% between 1980 and 2018.

“Republicans are not going to partner with Democrats on the Green New Deal or on raising taxes to pay for it,” Senator John Barrasso, Republican of Wyoming, said at a news conference last month. Senator Mitch McConnell of Kentucky, the minority leader, has repeatedly warned that the infrastructure plan is “a Trojan horse” for liberal priorities, while Representative Steve Scalise of Louisiana, the No. 2 House Republican, declared last week that “it’s a lot of Green New Deal” that would lead voters to turn away from Democrats.

“The time has now caught up to the legislation, and I’m really thrilled about that,” Ms. Ocasio-Cortez said. “You have a respiratory pandemic that’s layered on communities that are suffering from childhood asthma, that are already dealing with lung issues, that have pre-existing hypertension, which are all indicated by factors of environmental injustice.”

“That is not easy stuff,” Mr. Sanders said. “People have different perspectives, people come from very different types of states, different politics, and that’s going to be a very difficult job for both the House and the Senate.”

Amazon has now stabilized, and its growth has surged as more people have turned to e-commerce and the company’s Prime fast-shipping program, which has more than 150 million members. Amazon on Tuesday posted a record $125.6 billion in sales for the fourth quarter, while profits more than doubled to $7.2 billion from a year earlier.

Mr. Bezos will remain Amazon’s biggest shareholder — he owns 10.6 percent of the company, according to filings — and stay on the board of directors

Republican State Rep. Steve Toth, who's listed on the petition as a plaintiff and who's running for reelection, argued it's the job of the state legislature -- not local counties -- to implement changes such as drive-thru voting

As of Friday, nearly 127,000 votes had been cast at those sites, marking roughly 10% of the votes cast in person during the early voting period.

The latest state and federal challenges argue that drive-thru voting violates the US Constitution, which says state legislatures decide how elections are run. The plaintiffs also argued it violates the equal protection clause of the 14th Amendment, in that the county is adopting a manner of voting that has not been adopted by other Texas counties.

Race, Stevens writes,has defined the modern Republican Party. After Goldwater carried only southern states and received a record low of 7 percent of the black vote, the party faced a basic choice: do what was necessary to appeal to more nonwhite voters, or build a party to win with white voters. It chose the latter, and when most successfully executed, a race-based strategy was the foundation of many of the Republican Party’s biggest victories, from Nixon to Trump.

In fact, Stevens told me, “race is the original sin of the modern Republican Party:”With Trump, the Party has grown comfortable as a white grievance party. Is that racist? Yes, I think it is. Are 63 million plus people who supported Trump racist? No, absolutely not. But to support Trump is to make peace with white grievance and hate.

Stevens’s comment demonstrates the difficulty many analysts have pinning down the meaning of racism and the distinction — if there is one — between being a racist and voting for a racist

To further examine this complexity, I questioned a range of experts.

Ashley Jardina, a political scientist at Duke and the author of “White Identity Politics,” put it this way:The use of these terms is complicated, messy, and without consensus. There are a number of important distinctions we can make. We think of ‘racial prejudice’ as an individual-level sense of hostility, animus, set of negative stereotypes, or other negative attitudes that one person has toward members of a group by way of their race. We refer to a person as racist when they have some degree of racial prejudice. For most Americans, this is generally what they think of when they hear the term racism or racist. A racist is a person who uses racial slurs directed at racial out-groups and thinks their own racial group is superior.

Davis argues that the debate has become clouded, that even though individual and group motives may not be racist, the outcomes achieved can be identical to the ones that racists would seek:My overall point is that we have forgotten what racism means. In doing so, we have focused attention on bigots and white nationalists and not held ordinary citizens accountable for beliefs that achieve the same ends.

Chloe Thurston, in turn, cited as specific examplesPresident Trump’s or Steve King’s comments about certain types of immigrants being unassimilable or not sufficiently American and suggesting that other (e.g. white) immigrants do not have those characteristics.

While both Trump and King, an anti-immigrant congressman from Iowa, “balk at the label ‘racist,’ she continued, “it is descriptively accurate and necessary from the standpoint of keeping track of the role and uses of racism in American society and politics.”

Like Davis, Thurston sought to address “the more difficult question” of “when it is legitimate to use that label for everyday behaviors.”Her answer:People can participate in and perpetuate racist systems without necessarily subscribing to those beliefs. People can recognize something they participate in or contribute to as racist but decide it’s not disqualifying. And people can design racist policies and systems. These are distinctive manifestations of racism but not all of them require us to know whether a person is expressly motivated by racism.

Because of the wide variety of possible motivations, Kam wrote in her email, she “would hesitate to label an action as ‘racist’ — unless racial considerations seem to be the only or the massively determinative consideration at play, based upon statistical modeling or carefully calibrated experiments.”

Kam notes that she worries “about excessive use of these labels” because describing someone or some action as racist “can easily escalate conflict beyond the point of return.”

Eric Kaufmann voiced similar caution, noting that racism and racist are highly charged words, the deployment of which can in some cases prove damaging to liberals and the left. He cited the “unwillingness to talk about immigration for fear of being labeled racist,” giving free rein to populists who do address immigration “and thus get elected. Trump’s election is exhibit A.”

In addition, according to Kaufmann, thefear of being labeled racist may be pushing left parties toward immigration policies, or policies on affirmative action, reparations, etc., that make them unelectable. Finally, overuse of the word “racist” may lead to a “cry wolf” effect whereby real racists can hide due to exhaustion of public with norm over-policing.

None of the examples I cited, in Kaufmann’s view, “are racist” unless it could be explicitly demonstrated “in a survey that those espousing the policies were mainly motivated by racism.” If not, he said, the “principle of charity should apply.”

many whites see accusations of racism as disingenuous. They believe that Democrats in particular “play the race card” by calling people or beliefs racist as a political strategy, rather than as a sincere effort to combat racism.There is, in fact, a huge partisan divide over what is considered racist and what is not.

Three Harvard political scientists — Meredith Dost, Enos and Jennifer L. Hochschild — conducted a survey in September 2017 that asked 2,296 American adults to rank, on a five point scale ranging from racist to not racist, 10 statements. These statements included “wanting to wave the Confederate flag,” “saying immigrants commit too many crimes,” “agreeing that welfare recipients should have to take a job to receive benefits,” and “voting for Donald Trump.”

As the accompanying chart shows, the gulf between Democrats and Republicans was 20 percentage points or more on seven out of ten questions. At the extreme, 82 percent of “strong Republicans” said it was “not racist” to vote for Trump, compared with 22 percent of “strong Democrats.” who said it was, a 60-point difference.

With the 2020 election approaching, one of the most relevant questions before the electorate is whether voters agree with Stuart Stevens on whether Donald Trump is a racist.

The answer to that question, according to a July 2019 Quinnipiac University national poll, is that 51 percent say Trump is a racist; 45 percent say he is not.

here are huge racial, partisan, gender and religious differences: whites say Trump is not racist 50-46; blacks say he is racist 80-11; Democrats 86-9 say yes, Republicans 91-8 say no; men 55-41 say no, women 59-36 say yes; white evangelicals say no 76-21, Catholics 50-48 say no; the unaffiliated say yes, 63-30.

What this boils down to is that racism is detected, determined and observed through partisan and ideological lenses.

Is the modern Republican Party built on race prejudice, otherwise known as racism?