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katherineharron

Premarket stocks: The US is now in a race against time - CNN - 0 views

  • The United States is now locked in a race against time on two crucial coronavirus fronts - one medical, the other legislative. The speed at which each issue is addressed has huge implications for investors.
  • Nearly half the cases are in New York state, making it the epicenter of the US outbreak. New Yorkers, along with millions of people in at least seven other states, are facing orders to stay at home.
  • Race No. 1: How quickly can the United States contain the coronavirus? Experts say the pressure on stock markets won't lift until the rate of new infections slows dramatically.
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  • Race No. 2: How quickly can US lawmakers agree on an economic rescue package? Investors were hoping that a deal would emerge over the weekend in the Senate. It did not. Now, House Speaker Nancy Pelosi says that House Democrats will introduce their own plan.
  • "Economic policy can do little to offset the near-term damage caused by shutting down large parts of the economy -- its main function is to stop that hit from turning into a longer depression. A lasting recovery in markets is unlikely until we also see clear evidence that the global spread of coronavirus is slowing, allowing lockdowns to end," he said.
  • Royal Dutch Shell (RDSA) is the latest oil company to make major changes in response to the collapse in prices caused by a combination of plunging demand due to the coronavirus and a surge in supply from Saudi Arabia. The company said Monday that it would cut its capital expenditure this year by $5 billion and suspend its share buyback program after crude oil prices were driven to shocking lows in recent weeks.
yehbru

Senate Overrides Trump's Veto of Defense Bill, Dealing a Legislative Blow - The New Yor... - 0 views

  • The Senate on Friday voted overwhelmingly to override President Trump’s veto of the annual military policy bill as most Republicans joined Democrats to rebuke Mr. Trump in the final days of his presidency.
  • The vote ended a devastating legislative week for Mr. Trump, effectively denying him two of the last demands of his presidency. Senate Republican leaders on Wednesday had declared that there was “no realistic path” for a vote on increasing stimulus checks to $2,000 from the current $600, a measure Mr. Trump had pressed lawmakers to take up.
  • He called the legislation “a tremendous opportunity to direct our national security priorities to reflect the resolve of the American people.”
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  • “This year especially so, in light of all of the disruptions and problems that we’ve had,” Mr. Inhofe said.
  • He also demanded that the bill include the repeal of what is known as Section 230, a legal shield for social media companies that he has tangled with. Republicans and Democrats alike have said that the repeal, a significant legislative change, is irrelevant to a bill that dictates military policy.
  • Those objections, registered late in the legislative process, infuriated lawmakers, who had labored for months to put together a bipartisan bill
  • Republicans have also divided over supporting the president’s determination to make one last and futile attempt to overturn the 2020 election results in Congress next week.
  • Lawmakers over the past four years tried but failed to override Mr. Trump’s vetoes of legislation cutting off arms sales to Saudi Arabia and other Persian Gulf nations, and to overturn his emergency declaration at the southwestern border.
  • But his attempt to derail the widely popular defense bill, seen by lawmakers in both parties as an opportunity to secure wins for their communities and support the military, proved to be a bridge too far.
  • Senator Bernie Sanders, independent of Vermont, tried on Friday to take up Mr. Trump’s demand to increase the size of pandemic relief checks to $2,000.
  • The bill contains a 3 percent increase in pay for service members and a boost in hazardous duty incentive pay, new benefits for tens of thousands of Vietnam-era veterans who were exposed to Agent Orange and a landmark provision aimed at preventing the use of shell companies to evade anti-money-laundering rules.
  • The last time Congress overrode a presidential veto was in 2016, the final year of Barack Obama’s presidency, after he vetoed legislation allowing families of the victims of the Sept. 11, 2001, attacks to sue the government of Saudi Arabia.
lilyrashkind

The Russia-Ukraine Conflict Explained Kids News Article - 0 views

  • On February 24, 2022, Russian forces unleashed a wave of attacks on neighboring Ukraine. Given that Russia had been gathering troops on Ukraine's border since October 2021, the full-scale invasion from the north, east, and south was not totally unexpected. However, American and European Union (EU) officials had hoped that the threat of economic sanctions would deter Russian President Vladimir Putin from taking this drastic action. To better understand how we got here, it is essential to know a little about the long, complicated relationship between the two countries.
  • In the days leading up to the 2022 attack, he told Russians, "Ukraine is an inalienable part of our own history, culture, and spiritual space. These are our comrades, those dearest to us – not only colleagues, friends, and people who once served together, but also relatives, people bound by blood, by family ties."
  • The purpose of the consortium of 30 countries is to guarantee the freedom and security of its members through political and military means. President Putin believes that Ukraine's acceptance into NATO would threaten Russia's borders and its sphere of influence.
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  • President Putin retaliated by taking over Crimea, a former Soviet republic that had been part of Ukraine since 1954. That same year, pro-Russian militants established a stronghold in the Donbas region of eastern Ukraine. The Ukrainian government gave the separatists self-rule in the region to end the conflict. However, the militants did not get the complete independence they wanted and sporadic fighting between Ukrainians and the Russian separatists continues to this day
  • Meanwhile, Switzerland, which has historically remained neutral during conflicts, announced it was freezing all assets owned by Russian individuals and companies.
  • giants BP and Shell, global bank HSBC, and the world's biggest aircraft leasing firm AerCap are among a growing list of companies that recently announced plans to exit Russia.
  • The conflict has been extremely hard for Ukrainians. At the president's request, all male citizens between 18 to 60 have stayed behind to defend their country. Meanwhile, the women, children, and the elderly are fleeing to safety in large numbers. The UN High Commissioner of Refugees estimates that about half a million Ukrainians have crossed into the neighboring countries since the start of the war. More than half of them have gone to Poland, while the rest have crossed over into Moldova, Slovakia, Romania, and Hungary.
Javier E

Chocolate Might Never Be the Same - The Atlantic - 0 views

  • Chocolate has had “mounting problems for years,” Sophia Carodenuto, an environmental scientist at the University of Victoria, in Canada, told me. The farmers who grow them are chronically underpaid. And cocoa trees—the fruits of which contain beans that are fermented and roasted to create chocolate—are tough to grow, and thrive only in certain conditions. A decade ago, chocolate giants warned that the cocoa supply, already facing environmental challenges, would soon be unable to keep up with rising demand. “But what we’re seeing now is a little bit of an explosion”
  • The simplest explanation for the ongoing cocoa shortage is extreme weather, heightened by climate change. Exceptionally hot and dry conditions in West Africa, partly driven by the current El Niño event, have led to reduced yields. Heavier-than-usual rains have created ideal conditions for black pod disease, which causes cocoa pods to rot on the branch. All of this has taken place while swollen shoot, a virus fatal to cocoa plants, is spreading more rapidly in cocoa-growing regions. Global cocoa production is expected to fall by nearly 11 percent this season,
  • Already, some West African farmers are racing to plant new trees. But they may not be able to plant their way out of future cocoa shortages. “Climate change is definitely a challenge” because it will make rainfall less predictable, which is a problem for moisture-sensitive cocoa trees, Debenham told me. Furthermore, rising temperatures and more frequent droughts will render some cocoa-growing regions unusable.
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  • Climate change isn’t the only problem. Cocoa crops in Côte d’Ivoire and Ghana, where 60 percent of the world’s cocoa come from, may already be in “structural decline,” Debenham said, citing disease, aging cocoa trees, and illegal gold mining on farmland.
  • ore important, the farmers who tend to the crops can’t afford to invest in their farms to increase their yields and bolster resilience against climate change. The bleak outlook for cocoa farmers threatens to doom cocoa-growing in the region altogether. In Ghana, the average cocoa farmer is close to 50 years old. A new generation of farmers is needed to maintain the cocoa supply, but young people may just walk away from the industry.
  • No matter how you look at it, the future of cocoa doesn’t look good. With less cocoa available all around, chocolate may become more expensive. For high-end chocolate brands, whose products use lots of cocoa, the recent price hikes are reportedly an existential threat.
  • Cocoa shortages will affect all kinds of chocolate, but mass-produced sweets may change beyond just the prices. The erratic temperatures brought about by climate change could change the flavor of beans, depending on where they are grown
  • Variability is a concern for commercial chocolate makers, who need to maintain consistent flavors across their products. They may counteract discrepancies among different batches of beans by combining them, then roasting them at a higher temperature,
  • Commercial chocolate makers may also tweak their recipes to amp up or mimic chocolate flavors without using more cocoa. These candies contain relatively little cacao to begin with; only 10 percent of a product’s weight must be cocoa in order to qualify as chocolate in the eyes of the FDA.
  • Newer chocolate alternatives may provide more satisfying counterfeits. Win-Win isn’t the only start-up producing cocoa-free chocolate, which is similar in concept to animal-free meat. The company uses plant ingredients to emulate the flavor and texture of chocolate—as do its competitors Foreverland and Voyage Foods. Another firm, California Cultured, grows actual cacao cells in giant steel tanks.
  • So much of the appeal of cheap chocolate is that it’s always been there—whether in the form of a Hershey’s Kiss, Oreo cookies, a bowl of Cocoa Puffs, or the shell of a fondant-filled egg. “You grow up with those tastes. It’s hard to fathom how pervasive it has been,” Carodenuto said. Chocolate lovers have weathered minor tweaks to these candies over the years, but the shifts happening today may be less tolerable—or at the very least more noticeable. The change that has been hardest to ignore is that cheap chocolate is no longer that cheap.
Javier E

What Gamergate should have taught us about the 'alt-right' | Technology | The Guardian - 0 views

  • Gamergate
  • The 2014 hashtag campaign, ostensibly founded to protest about perceived ethical failures in games journalism, clearly thrived on hate – even though many of those who aligned themselves with the movement either denied there was a problem with harassment, or wrote it off as an unfortunate side effect
  • ure, women, minorities and progressive voices within the industry were suddenly living in fear. Sure, those who spoke out in their defence were quickly silenced through exhausting bursts of online abuse. But that wasn’t why people supported it, right? They were disenfranchised, felt ignored, and wanted to see a systematic change.
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  • Is this all sounding rather familiar now? Does it remind you of something?
  • The similarities between Gamergate and the far-right online movement, the “alt-right”, are huge, startling and in no way a coincidence
  • fter all, the culture war that began in games now has a senior representative in The White House. As a founder member and former executive chair of Brietbart News, Steve Bannon had a hand in creating media monster Milo Yiannopoulos, who built his fame and Twitter following by supporting and cheerleading Gamergate. This hashtag was the canary in the coalmine, and we ignored it.
  • Gamergate was an online movement that effectively began because a man wanted to punish his ex girlfriend. Its most notable achievement was harassing a large number of progressive figures - mostly women – to the point where they felt unsafe or considered leaving the industry
  • The same voices moved into other geek communities, especially comics, where Marvel and DC were criticised for progressive storylines and decisions. They moved into science fiction with the controversy over the Hugo awards. They moved into cinema with the revolting kickback against the all-female Ghostbusters reboot.
  • no one in the movement was willing to be associated with the abuse being carried out in its name. Prominent supporters on Twitter, in subreddits and on forums like 8Chan, developed a range of pernicious rhetorical devices and defences to distance themselves from threats to women and minorities in the industry: the targets were lying or exaggerating, they were too precious; a language of dismissal and belittlement was formed against them. Safe spaces, snowflakes, unicorns, cry bullies. Even when abuse was proven, the usual response was that people on their side were being abused too. These techniques, forged in Gamergate, have become the standard toolset of far-right voices online
  • In 2016, new wave conservative media outlets like Breitbart have gained trust with their audience by painting traditional news sources as snooty and aloof. In 2014, video game YouTube stars, seeking to appear in touch with online gaming communities, unscrupulously proclaimed that traditional old-media sources were corrupt. Everything we’re seeing now, had its precedent two years ago.
  • With 2014’s Gamergate, Breitbart seized the opportunity to harness the pre-existing ignorance and anger among disaffected young white dudes. With Trump’s movement in 2016, the outlet was effectively running his campaign: Steve Bannon took leave of his role at the company in August 2016 when he was hired as chief executive of Trump’s presidential campaign
  • young men converted via 2014’s Gamergate, are being more widely courted now. By leveraging distrust and resentment towards women, minorities and progressives, many of Gamergate’s most prominent voices – characters like Mike Cernovich, Adam Baldwin, and Milo Yiannopoulos – drew power and influence from its chaos
  • These figures gave Gamergate a new sense of direction – generalising the rhetoric: this was now a wider war between “Social Justice Warriors” (SJWs) and everyday, normal, decent people. Games were simply the tip of the iceberg – progressive values, went the argument, were destroying everything
  • it quickly became clear that the GamerGate movement was a mess – an undefined mission to Make Video Games Great Again via undecided means.
  • Using 4chan (and then the more sympathetic offshoot 8Chan) to plan their subversions and attacks made Gamergate a terribly sloppy operation, leaving a trail of evidence that made it quite clear the whole thing was purposefully, plainly nasty. But the video game industry didn’t have the spine to react, and allowed the movement to coagulate – forming a mass of spiteful disappointment that Breitbart was only more than happy to coddle
  • Historically, that seems to be Breitbart’s trick - strongly represent a single issue in order to earn trust, and then gradually indoctrinate to suit wider purposes. With Gamergate, they purposefully went fishing for anti-feminists. 2016’s batch of fresh converts – the white extremists – came from enticing conspiracy theories about the global neoliberal elite secretly controlling the world.
  • The greatest strength of Gamergate, though, was that it actually appeared to represent many left-leaning ideals: stamping out corruption in the press, pushing for better ethical practices, battling for openness.
  • There are similarities here with many who support Trump because of his promises to put an end to broken neo-liberalism, to “drain the swamp” of establishment corruption. Many left-leaning supporters of Gamergate sought to intellectualise their alignment with the hashtag, adopting familiar and acceptable labels of dissent – identifying as libertarian, egalitarian, humanist.
  • At best they unknowingly facilitated abuse, defending their own freedom of expression while those who actually needed support were threatened and attacked.
  • Genuine discussions over criticism, identity and censorship were paralysed and waylaid by Twitter voices obsessed with rhetorical fallacies and pedantic debating practices. While the core of these movements make people’s lives hell, the outer shell – knowingly or otherwise – protect abusers by insisting that the real problem is that you don’t want to talk, or won’t provide the ever-shifting evidence they politely require.
  • In 2017, the tactics used to discredit progressive game critics and developers will be used to discredit Trump and Bannon’s critics. There will be gaslighting, there will be attempts to make victims look as though they are losing their grip on reality, to the point that they gradually even start to believe it. The “post-truth” reality is not simply an accident – it is a concerted assault on the rational psyche.
  • The strangest aspect of Gamergate is that it consistently didn’t make any sense: people chose to align with it, and yet refused responsibility. It was constantly demanded that we debate the issues, but explanations and facts were treated with scorn. Attempts to find common ground saw the specifics of the demands being shifted: we want you to listen to us; we want you to change your ways; we want you to close your publication down. This movement that ostensibly wanted to protect free speech from cry bully SJWs simultaneously did what it could to endanger sites it disagreed with, encouraging advertisers to abandon support for media outlets that published stories critical of the hashtag. The petulance of that movement is disturbingly echoed in Trump’s own Twitter feed.
  • Looking back, Gamergate really only made sense in one way: as an exemplar of what Umberto Eco called “eternal fascism”, a form of extremism he believed could flourish at any point in, in any place – a fascism that would extol traditional values, rally against diversity and cultural critics, believe in the value of action above thought and encourage a distrust of intellectuals or experts – a fascism built on frustration and machismo. The requirement of this formless fascism would – above all else – be to remain in an endless state of conflict, a fight against a foe who must always be portrayed as impossibly strong and laughably weak
  • 2016 has presented us with a world in which our reality is being wilfully manipulated. Fake news, divisive algorithms, misleading social media campaigns.
  • The majority of people who voted for Trump will never take responsibility for his racist, totalitarian policies, but they’ll provide useful cover and legitimacy for those who demand the very worst from the President Elect. Trump himself may have disavowed the “alt-right”, but his rhetoric has led to them feeling legitimised. As with Gamergate, the press risks being manipulated into a position where it has to tread a respectful middle ground that doesn’t really exist.
  • Perhaps the true lesson of Gamergate was that the media is culturally unequipped to deal with the forces actively driving these online movements. The situation was horrifying enough two years ago, it is many times more dangerous now.
Javier E

Income Inequality Explains the Decline of Youth Sports - The Atlantic - 0 views

  • Among richer families, youth sports participation is actually rising. Among the poorest households, it’s trending down. Just 34 percent of children from families earning less than $25,000 played a team sport at least one day in 2017, versus 69 percent from homes earning more than $100,000. In 2011, those numbers were roughly 42 percent and 66 percent, respectively.
  • This isn’t a story about American childhood; it’s about American inequality.
  • In his 2017 book, Dream Hoarders, the economist Richard Reeves wrote that economic mobility in the U.S. has been declining in the past few decades in part because of “opportunity hoarding.” For example, rich parents may pull special levers to get their kids into hyper-select schools, or elite internships, or exclusive entry-level jobs. In so doing, they—in effect— snatch precious opportunities away from the less fortunate.
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  • Expensive travel leagues siphon off talented young athletes from well-off families, leaving behind desiccated local leagues with fewer players, fewer involved parents, and fewer resources. “When these kids move to the travel team, you pull bodies out of the local town’s recreation league, and it sends a message [to those] who didn’t get onto that track that they don’t really have a future in the sport.” The result is a classist system: the travel-team talents and the local leftovers.
  • In short, the American system of youth sports—serving the talented, and often rich, individual at the expense of the collective—has taken a metal bat to the values of participation and universal development. Youth sports has become a pay-to-play machine.
  • As a general rule, rich parents in the United States don’t just spend more money on their kids; they spend a larger share of their income on their kid
  • If you divide American households into five quintiles by income, the richest group earns about five times as much as the poorest, but spends about seven times as much on kids—about $9,300 to $1,300 per child
  • Income inequality, vast at the household level, is even vaster at the child-investment leve
  • “Kids’ sports has seen an explosion of travel-team culture, where rich parents are writing a $3,000 check to get their kids on super teams from two counties, or two states, away,”
  • those in the nation’s upper-middle class have “taken their money out of productive activities and put it into walls”—physical walls and social barriers—that make it harder for any child not born into privilege to reach the same level of success.
  • “Many of the parents are not doing it with the intention to harm anyone, since they’re just trying to help their child,” Farrey said. “But they don’t think about the kids they’re leaving behind. They’re not thinking about what makes sense for the whole community.”
  • Well-off parents dedicate so much time and money to kids’ sports partly because of the college system, which dangles tantalizing rewards for the most gifted teenage athletes. In the 1990s, Division 1 and Division 2 colleges distributed about $250 million a year in full and partial scholarships to student athletes. Today that figure has grown to more than $3 billion.
  • Sports matter. As soon as some children enter second or third grade, their parents scramble to place them on youth travel teams, which will set them up for middle-school travel teams, which will set them up for high-school athletic excellence, which will make them more competitive for admissions and scholarships at select colleges
  • one might argue, even though super teams for gifted and sufficiently wealthy young people might leave disadvantaged kids behind, this is simply the price that society must pay for excellence. It’s a version of a familiar conservative economic argument about the general economy: The U.S. has the world’s smartest people, because we celebrate success and punish indolence; so we should cut taxes on the rich and unwind collectivist welfare programs, which only dampen the nation’s competitive mojo.
  • Norway’s youth-sports policies are deliberately egalitarian. The national lottery, which is run by a government-owned company called Norsk Tipping, spends most of its profit on national sports and funnels hundreds of millions of dollars to youth athletic clubs every year. Parents don’t need to shell out thousands to make sure their kids get to play. And play is an operative word: Norwegian leagues value participation over competition so much that clubs with athletes below the age of 13 cannot even publish game scores.
  • Norway is an athletic juggernaut. In the last Winter Olympics, the country won 39 medals—the most of any country in the history of the Games and nearly twice as many as the United States. It did so with a smaller population than Minnesota’s.
oliviaodon

100 Years Ago: France in the Final Year of World War I - The Atlantic - 0 views

  • The American photographer Lewis Hine is perhaps most famous for his compelling images of child labor across the United States in the early 20th century. In 1918, Hine was hired by the American Red Cross to document their work in Europe, as they provided aid to wounded soldiers and refugees affected by World War I. The photographs were also intended to drum up support for the Red Cross, and appeal to an American audience back home who had grown weary of the war, even as it crawled toward a close. Hine traveled across France, photographing refugee families, orphaned children, wounded and shell-shocked soldiers, the nurses and volunteers who cared for them all, the ruined buildings they fled, and the temporary homes they filled. Take a moment to step back in time 100 years, for a visit to France in the final year of World War I, seen through the lens of Mr. Lewis Hine, with original (sometimes dated) captions included when available.
  • Jeanne Septvents is a beautiful French girl, 10 years old, whose father, for nearly a year a prisoner in Germany, has given his life for France. Jeanne has been adopted by Company 'E,' 6th Battalion of the 20th Engineers. When the American Red Cross photographer found her in the garden of her little stone house at Caen, she was playing with knuckle-bones that she had painted red, white, and blue in honor of her godfathers.
  • Group of refugee children who have been received by a French organization, aided by the American Red Cross at St. Sulpice, Paris. They are about to start for Grand Val, the country home which has been opened for them on a large estate near Paris, where an outdoor life will build up their health. August, 1918.
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  • Rene drove cattle for the Germans for over two years. He still walks in his sleep and dreams he is being shot, etc. Rene is a little repatrie who is getting strong at Trudeau Sanitarium. The manor house of Hachette is an American Red Cross hospital for tubercular women. On the grounds, nearby barracks have been built, where about 180 children are housed, each for a period of three months or more. They are under-nourished children of tubercular tendencies, many of whom have tubercular parents. September, 1918.
Javier E

Take a lesson: How Germany handles monuments from Nazi and communist eras - 0 views

  • In the cacophony of opinions, few observers and participants seem bothered by the lack of a coherent, thought-out strategy for disposing of the Confederacy's visible traces while preserving evidence of this vitally important chapter of our past.
  • the task at hand is to purge the imagery in a way that guards against amnesia, while also transforming the statues from celebratory monuments to objective evidence.
  • in Germany. Over the last 70 years, the country has accepted a simple truth: Out of sight hardly means out of mind. The removal of the relics of a hateful social order is not in itself cause for celebration. It is the aftermath that matters.
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  • The German case is exemplary not because Germans attained closure, but because they came to recognize that closure was neither tenable nor desirable. Instead, the processing of history is like an open wound that slowly heals only with careful debate about the often-explosive issues at stake.
  • near-total destruction did little to prevent the neo-Nazis and revisionists from reorganizing. The 1952 court ban on the Nazi Party's successor, the Socialist Reich Party, sent a much stronger message.
  • the Third Reich's insignia had to come down and mostly did, but the structures themselves were retained for new functions and uses. Though driven by necessity, this pragmatic solution now gets credit for preserving for posterity the pathetic bleakness and soullessness of Hitler's architectural vision
  • many inconspicuous remnants remain, ranging from unremarkable city squares and department store amphitheaters to more famous one-offs, among them a retired airport, an Olympic stadium, Nazi party rally grounds, and a former resort.
  • While the government (and, increasingly, private initiatives) pours money into conserving these places, city tour companies train their guides to peel back all of the layers of the morally complicated history for visitors. Many prominent buildings that are still in use have information boards — not tiny plaques — in front, with meticulously researched historical explanations.
  • In Berlin, the Topography of Terror museum fills the space that once held the sprawling lair of Hitler's bureaucracy. It has transformed an otherwise empty lot into a meaningful, and sobering, reminder of the horrors of the Nazi regime.
  • some sites, Germans have decided, must remain unmarked and obscured for good reason: to prevent them from becoming shrines to the Nazi past. The Berlin bunker where Hitler killed himself, which was blown up in 1947, remains buried under a parking lot, with no signage
  • In the 1990s, German officials applied the lessons learned from dealing with Nazi iconography to the markings left over from the Communist era. Berlin's Senate impaneled a special commission of experts from the city's East and West. It concluded that celebrations of the Communist past had no place in the reunified capital-to-be, but that the distinctive history should be accessible in both parts of the city.
  • the East German Palace of the Republic, which was destroyed to rebuild the shell of the Kaiser's Berlin Palace, new issues emerged. The demolition and reconstruction have exposed additional unprocessed chapters of Germany's past, especially its history of colonialism. Achieving a clean slate, free of historical stains, proved to be a delusion.
  • Rather than rashly overcompensating for decades of inaction by haphazardly tearing down or hiding Confederate monuments, Americans should have the painful debates necessary to decide the fate of these relics of a bygone era
Javier E

Democracy in Crisis - The New York Times - 0 views

  • To undercut Russian and Nigerian kleptocrats, he would abolish anonymous shell companies and end nameless real-estate sales.
  • He wants nonpartisan commissions, not gerrymandering politicos, to draw electoral districts.
  • Like many election experts, he advocates ranked-choice voting. When voters pick not just their first choice but their second, third or fourth choices too, politicians can win not by pandering to their partisan base, but by appealing broadly for second- or third-choice votes.
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  • Unless American and European democracies get their acts together, he warns darkly, the European Union and NATO might collapse, a “Greater Russian Empire” could rise as the heir to the Soviet Union and China would threaten the freedom of democracies across Asia — all resulting in “depths of oppression and aggression that we have not seen since the end of World War II.”
  • Repeatedly quoting from the Cold War strategist George F. Kennan, Diamond advocates a military buildup to thwart Russian or Chinese aggression.
  • He’s strongly against wars for democracy, and opposed the United States invasion of Iraq and a protracted American military occupation there.
  • just one year of Trump’s presidency, a Gallup poll found that the median approval of American leadership across 134 countries had cratered to just 30 percent — four points below that of George W. Bush in his last year, which priced in the Iraq war.
  • Liu Xiaobo, the Nobel laureate and democracy activist, wrote that “although people must still deal with tyranny and the suffering that it causes, they can respond to hate with love, to prejudice with tolerance, to arrogance with humility, to degradation with dignity and to violence with reason.”
lmunch

Trump's Pardons: The List - The New York Times - 0 views

  • With hours to go before President Trump left office, the White House released a list early Wednesday of 73 people he had pardoned and 70 others whose sentences he had commuted.
  • On the list were at least two people who had worked for Mr. Trump: Stephen K. Bannon, his former chief strategist, and Elliott Broidy, a former top fund-raiser. Both received full pardons.
  • The rapper Lil Wayne, born Dwayne Michael Carter Jr., received a full pardon after pleading guilty to possession of a firearm and ammunition by a felon in December. Mr. Trump also granted a commutation to another rapper, Kodak Black, whose legal name is Bill Kapri (though he was born Dieuson Octave). In 2019, he was sentenced to nearly four years in prison for lying on background paperwork while attempting to buy guns.
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  • The Supreme Court has ruled that the Constitution gives presidents unlimited authority to grant pardons, which excuse or forgive a federal crime. A commutation, by contrast, makes a punishment milder without wiping out the underlying conviction.
  • Mr. Manafort, 71, had been sentenced in 2019 to seven and a half years in prison for his role in a decade-long, multimillion-dollar financial fraud scheme for his work in the former Soviet Union. He was released early from prison in May as a result of the coronavirus pandemic and given home confinement. Mr. Trump had repeatedly expressed sympathy for Mr. Manafort, describing him as a brave man who had been mistreated by the special counsel’s office.
  • Mr. Stone, a longtime friend and adviser of Mr. Trump, was sentenced in February 2020 to more than three years in prison in a politically fraught case that put the president at odds with his attorney general. Mr. Stone was convicted of seven felony charges, including lying under oath to a congressional committee and threatening a witness whose testimony would have exposed those lies.
  • Mr. Kushner, 66, the father-in-law of the president’s older daughter, Ivanka Trump, pleaded guilty in 2004 to 16 counts of tax evasion, a single count of retaliating against a federal witness and one of lying to the Federal Election Commission. He served two years in prison before being released in 2006.
  • Michael T. Flynn, a former national security adviser who twice pleaded guilty to lying to the F.B.I. about his conversations with a Russian diplomat, and whose prosecution Attorney General William P. Barr tried to shut down, was the only White House official to be convicted as part of the Trump-Russia investigation.
  • Mr. Trump issued full pardons to Nicholas Slatton and three other former U.S. service members who were convicted on charges related to the killing of Iraqi civilians while they were working as security contractors for Blackwater, a private company, in 2007.
  • Joe Arpaio, an anti-immigration crusader who enjoyed calling himself “America’s toughest sheriff,” was the first pardon of Mr. Trump’s presidency.
  • Conrad M. Black, a former press baron and friend of Mr. Trump’s, was granted a full pardon 12 years after his sentencing for fraud and obstruction of justice.
  • Former Gov. Rod R. Blagojevich of Illinois was sentenced in 2011 to 14 years in prison for trying to sell or trade to the highest bidder the Senate seat that Mr. Obama vacated after he was elected president.
  • Dinesh D’Souza received a presidential pardon after pleading guilty to making illegal campaign contributions in 2014. Mr. D’Souza, a filmmaker and author whose subjects often dabble in conspiracy theories, had long blamed his conviction on his political opposition to Mr. Obama.
  • Edward J. DeBartolo Jr., a former owner of the San Francisco 49ers, pleaded guilty in 1998 to concealing an extortion plot. Mr. DeBartolo was prosecuted after he gave Edwin W. Edwards, the influential former governor of Louisiana, $400,000 to secure a riverboat gambling license for his gambling consortium.
  • Alice Marie Johnson was serving life in a federal prison for a nonviolent drug conviction before her case was brought to Mr. Trump’s attention by the reality television star Kim Kardashian West.
  • Jack Johnson, the first Black heavyweight boxing champion, was tarnished by a racially tainted criminal conviction in 1913 — for transporting a white woman across state lines — that haunted him well after his death in 1946. Mr. Trump pardoned him on May 24, 2018.
  • Susan B. Anthony, the women’s suffragist, was arrested in Rochester, N.Y., in 1872 for voting illegally and was fined $100. Mr. Trump pardoned her on Aug. 18, the 100th anniversary of the ratification of 19th Amendment, which extended voting rights to women.
  • Zay Jeffries, a metal scientist whose contributions to the Manhattan Project and whose development of armor-piercing artillery shells helped the Allies win World War II, was granted a posthumous pardon on Oct. 10, 2019. Jeffries was found guilty in 1948 of an antitrust violation related to his work and was fined $2,500.
  • Ten years ago, Bernard B. Kerik, a former New York City police commissioner, was sentenced to four years in prison after pleading guilty to eight felony charges, including tax fraud and lying to White House officials.
  • I. Lewis Libby Jr., known as Scooter, was Vice President Dick Cheney’s top adviser before Mr. Libby was convicted in 2007 of four felony counts, including perjury and obstruction of justice, in connection with the disclosure of the identity of a C.I.A. officer, Valerie Plame.
  • Mr. Trump’s decision to clear three members of the armed services who had been accused or convicted of war crimes signaled that the president intended to use his power as the ultimate arbiter of military justice.
  • Michael R. Milken was the billionaire “junk bond king” and a well-known financier on Wall Street in the 1980s. In 1990, he pleaded guilty to securities fraud and conspiracy charges and was sentenced to 10 years in prison, though his sentence was later reduced to two. He also agreed to pay $600 million in fines and penalties.
  • Dwight Hammond and his son, Steven Hammond, were Oregon cattle ranchers who had been serving five-year sentences for arson on federal land. Their cases inspired an antigovernment group’s weekslong standoff at the Malheur National Wildlife Refuge in Oregon in 2016 and brought widespread attention to anger over federal land management in the Western United States.
  • David H. Safavian, the top federal procurement official under President George W. Bush, was sentenced in 2009 to a year in prison for covering up his ties to Jack Abramoff, the disgraced lobbyist whose corruption became a symbol of the excesses of Washington influence peddling. Mr. Safavian was convicted of obstruction of justice and making false statements.
  • Angela Stanton — an author, television personality and motivational speaker — served six months of home confinement in 2007 for her role in a stolen-vehicle ring. Her book “Life of a Real Housewife” explores her difficult upbringing and her encounters with reality TV stars.
annabelteague02

Tesla's Cybertruck is made of the same stainless steel alloy that SpaceX is using for S... - 0 views

  • Tesla CEO Elon Musk unveiled the much-anticipated Cybertruck electric pickup in LA on Thursday, and the vehicle is obviously getting a lot of attention for its eye-catching and unique design.
    • annabelteague02
       
      It's going to be crazy seeing people driving around in something that looks like this
  • Musk’s other company SpaceX
    • annabelteague02
       
      off topic a bit, but it is crazy how much Elon Musk does / owns
  • Musk had previously revealed at an event unveiling the full-height Starship Mk1 prototype that it would go with stainless steel for the outer shell, with an additional glass tile covering layer for the half of the space craft that will endure the highest heat from re-entry (the ship is designed to essentially belly-flop down through Earth’s atmosphere prior to landing).
    • annabelteague02
       
      is this material necessary for a car? i guess it could be useful if there's a car fire, but generally being fireproof is not what I'd think of as being important for a car. However, it is a luxury care and if people are willing to spend that extra money so be it
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  • Mars will need ground transportation, too.
    • annabelteague02
       
      you could drive around the same car they drive on mars! crazy!
  • especially if the Cybertruck manages to become a high-volume production vehicle (unlikely because of its controversial design, but perhaps possible based on the economics if Tesla can stick to the price points it revealed on stage)
    • annabelteague02
       
      if I had to guess now I think it's gonna be really popular because people consider tesla's to be a symbol of wealth, and having the newest tesla would be important to some
Javier E

Schumpeter - Big Oil has a do-or-die decade ahead because of climate change | Business ... - 0 views

  • Without the oil industry’s balance-sheets and project-management skills, it is hard to imagine the world building anything like enough wind farms, solar parks and other forms of clean energy to stop catastrophic global warming.
  • The question is no longer “whether” Big Oil has a big role to play in averting the climate crisis. It is “when”.
  • To cynics, all the climate-friendly noises amount to little in practice, since few people are ready to make carbon-cutting sacrifices that would force oil firms’ hand. But noises are sometimes followed by action. Should they be this time, the 2020s may be do-or-die for the oil industry.
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  • In Europe renewable energy prompted something almost as wrenching for a different sort of energy firm—utilities. Faced with an existential threat from wind and solar, fossil-fuel power producers such as Germany’s E.ON and RWE tore themselves apart, redesigned their businesses, and emerged cleaner and stronger.
  • Southern European firms like Spain’s Iberdrola and Italy’s Enel took renewables worldwide. Last year total shareholder returns from the reinvigorated European utilities left the oil-and-gas industry in the dust.
  • Some giants, like ExxonMobil and Chevron in America, continue to bet most heavily on oil
  • Others, among them Europe’s supermajors, Royal Dutch Shell, Total and BP, increasingly favour natural gas, and see low-carbon (though not necessarily zero-carbon) power generation as a way to prop up their business model as more cars and other things begin to run on electricity.
  • of a whopping $80bn or so of capital expenditure by Europe’s seven biggest listed energy firms last year, only 7.4%—less than $1bn each on average—went to clean energy.
  • capital spending on renewable energy, power grids and batteries will need to rise globally to $1.2trn a year on average from now until 2050, more than double the $500bn spent each year on oil and gas.
  • To help fund that, it reckons that oil-and-gas companies will need to divert $10trn of investments away from fossil fuels over the same period.
  • For now, oil executives show no appetite for such a radical change of direction. If anything, they are working their oil-and-gas assets harder, to skim the profits and hand them to shareholders while they still can. Oil, they say, generates double-digit returns on capital employed. Clean energy, mere single digits.
  • Big Oil has ways to make other high-risk, high-reward bets on clean energy. One is through venture capital. The OIES calculates that of 200 recent investments by the oil majors, 70 have been in clean-energy ventures, such as electric-vehicle charging networks. They have generally been small for now. But BP reportedly plans to build five $1bn-plus “unicorns” over the next five years with an aim of providing more energy with lower emissions
  • Another way is to back research and development in potentially groundbreaking technologies such as high-altitude wind energy, whose generating efficiency promises equally lofty profits.
  • As national climate commitments grow more stringent, governments may go on the warpath. UBS argues that it may be necessary for governments to “ban” the $10trn of oil-and-gas investments to reach net zero emissions by 2050
Javier E

Opinion | The Economic Mistake Democrats Are Finally Confronting - The New York Times - 0 views

  • This is the driving theory of most of the progressive policy agenda, most of the time: give people money or a moneylike voucher they can use to buy something they need or even just want.
  • The problem is that if you subsidize the cost of something that there isn’t enough of, you’ll raise prices or force rationing. You can see the poisoned fruit of those mistakes in higher education and housing. But it also misses the opportunity to pull the technologies of the future progressives want into the present they inhabit.
  • The first problem is explored in “Cost Disease Socialism,” a new paper by the center-right Niskanen Center. “We are in an era of spiraling costs for core social goods — health care, housing, education, child care — which has made proposals to socialize those costs enormously compelling for many on the progressive left,”
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  • That requires a movement that takes innovation as seriously as it takes affordability.
  • what Bastani sees clearly is that the world we should want requires more than redistribution. It requires inventions and advances that render old problems obsolete and new possibilities manifold.
  • the authors urge conservatives to tackle costs directly. Too often, Republican proposals to cut government spending are just shell games that shift costs onto individuals. The conservative enthusiasm for moving Medicare beneficiaries onto (often more expensive!) private plans “risks being little more than an accounting trick — a purely nominal change in ‘who pays’ that would do little to address the underlying sources of cost growth.”
  • For now, though, it’s Democrats who are starting to take supply-side concerns seriously.
  • A problem of our era is there’s too little utopian thinking, but one worthy exception is Aaron Bastani’s “Fully Automated Luxury Communism,” a leftist tract that puts the technologies in development right now — artificial intelligence, renewable energy, asteroid mining, plant- and cell-based meats, and genetic editing — at the center of a postwork, postscarcity vision.
  • “What if everything could change?” he asks. “What if, more than simply meeting the great challenges of our time — from climate change to inequality and aging — we went far beyond them, putting today’s problems behind us like we did before with large predators and, for the most part, illness? What if, rather than having no sense of a different future, we decided history hadn’t actually begun?”
  • There are sharp limits on supply in all of these sectors because regulators make it hard to increase supply (zoning laws make it difficult to build housing), training and hiring workers is expensive (adding classrooms means adding teachers and teacher aides, and expanding health insurance requires more doctors and nurses) or both. “This can result in a vicious cycle in which subsidies for supply-constrained goods or services merely push up prices, necessitating greater subsidies, which then push up prices, ad infinitum,” they write.
  • Progressives have long known to look for problems on the demand side of the economy — to ask whether there are goods and services people need that they cannot afford. That will make today fairer, but to ensure tomorrow is radically better, we need to look for the choke points in the future we imagine, the places where the economy can’t or won’t supply the things we need. And then we need to fix them.
  • In a world where two-thirds of emissions now come from middle-income countries like China and India, the only way for humanity to both address climate change and poverty is to invent our way to clean energy that is plentiful and cheap and then spend enough to rapidly deploy it.
  • It is true that European countries free-ride off the high cost we pay for drugs, because it’s the U.S. market that drives innovation. But that doesn’t mean we’d be better off paying their prices, if that meant new drug development slowed. We don’t just want everyone to have health insurance in the future. We want them to be healthier, freed from diseases and pain that even the best health insurance today cannot cure or ease.
  • It’s ludicrous to say that the pharmaceutical system we have now is oriented toward innovation. It’s oriented toward profit; sometimes that intersects with innovation and sometimes it doesn’t.
  • We should combine price controls with new policies to encourage drug development. That could include everything from more funding of basic research to huge prizes for discovering drugs that treat particular conditions to more public funding for drug trials.
  • Years ago, Bernie Sanders had an interesting proposal for creating a system of pharmaceutical prizes in which companies could make millions or billions for inventing drugs that cured certain conditions, and those drugs would be immediately released without exclusive patent protections. Focusing on the need to make new drugs affordable while ignoring the need to make more of them exist is like trimming a garden you’ve stopped watering.
  • this is a lesson progressives are, increasingly, learning. This is clearest on climate. Much of the spending in the Biden agenda is dedicated to increasing the supply of renewable energy and advanced batteries while building the supply of carbon-neutral transportation options.
  • In a blog post, Jared Bernstein, a member of President Biden’s Council of Economic Advisers, and Ernie Tedeschi, a senior policy economist for the council, framed the Biden agenda as “an antidote for inflationary pressure” because much of it expands the long-term supply of the economy.
  • Climate change is the most pressing example
  • look closely and you can see something new and overdue emerging in American politics: supply-side progressivism.
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