Group items tagged

The two highest-profile congressional investigations of Trump that followed — the 2019 report by the House Intelligence Committee on Trump’s pressuring of Ukraine as well as the recently released report by the select committee on the Jan. 6 attack — read like deliberate contrasts to the document produced by Robert Mueller and his team.

Their presentation is dramatic, not dense; their conclusions are blunt, not oblique; their arguments are political as much as legal. And yet, the Ukraine and Jan. 6 reports seem to follow the cues, explicit or implied, that the Mueller report left behind.

The Mueller report also notes in its final pages that “only a successor administration would be able to prosecute a former president,” which is what the Jan. 6 special committee, with its multiple criminal referrals, has urged the Biden administration’s Justice Department to do.

Initial data shows that at least 500,000, and perhaps nearly 1 million, have left in the year since the invasion began — a tidal wave on scale with emigration following the 1917 Bolshevik Revolution and the Soviet Union’s collapse in 1991.

The huge outflow has swelled existing Russian expatriate communities across the world, and created new ones.

Some fled nearby to countries like Armenia and Kazakhstan, across borders open to Russians. Some with visas escaped to Finland, the Baltic states or elsewhere in Europe. Others ventured farther, to the United Arab Emirates, Israel, Thailand, Argentina. Two men from Russia’s Far East even sailed a small boat to Alaska.

A “battle of the markups”, between higher wages and higher shop prices, is under way.

The immediate global implications will be higher inflation, lower growth and some disruption to financial markets as deeper sanctions take hold.

The longer-term fallout will be a further debilitation of the system of globalised supply chains and integrated financial markets that has dominated the world economy since the Soviet Union collapsed in 1991.

Russia is one of the world’s largest oil producers and a key supplier of industrial metals such as nickel, aluminium and palladium.

In his battle speech, recorded on February 21st and released as he unleashed the first volleys of cruise missiles against his fellow Slavs, Russia’s president railed against “the empire of lies” that is the West. Crowing over his nuclear arsenal, he pointedly threatened to “crush” any country that stood in his way.

It was unclear in what strength they were moving. But Mr Putin seemingly covets all of Ukraine, just as American and British intelligence reports had claimed all along. In acting, he has set aside the everyday calculus of political risks and benefits. Instead he is driven by the dangerous, delusional idea that he has an appointment with history.

Even though Russia has set out to build a fortress economy, the country is still connected to the world and, as the initial 45% fall in Russia’s stockmarket suggests, it will suffer.

Celebrated every March, Women's History Month honors the often-overlooked contributions of women in history, society, and culture. This year's theme — "Women Providing Healing, Promoting Hope"— salutes both the brave frontline workers of the ongoing COVID-19 pandemic and the countless women who have provided healing and hope throughout history.

Elizabeth Blackwell, who made history in 1849 by becoming the first woman to earn a medical degree in America, did not even want to be a doctor. She was happy being a teacher — a more "suitable" career for women in the 19th century. She only decided to pursue medicine after a close friend, who was dying of cancer, said her experience would have been better under the care of a female physician.

In 1857, Blackwell recruited her sister Emily — the third woman to earn a medical degree in America — and a physician friend to establish the New York Infirmary for Indigent Women and Children. The free clinic provided female doctors with much-needed training and experience. She also founded the Women's Medical College of the New York Infirmary — the first four-year all-female medical college. The pioneer continued to advocate for women in medicine till her death in 1910 at age 89. Since 2016, Blackwell's birthday — February 3 — has been designated National Women Physicians Day.

Racially and politically, Antlers is typical of much of rural Oklahoma, a state forged from the 19th century territory set aside for Native American tribes forcibly removed from other parts of the United States. Antlers is now 75% White and 22% Native American or mixed race, but with very few Latino, Asian, or Black residents. In 2020, Antlers and its county, Pushmataha—which supported former President Bill Clinton in 1996 and even Jimmy Carter over Ronald Reagan in 1980—voted for Republicans, 85% to the Democrats’ 14%, up from an 80% share for Republicans in 2016, 54% in 2000, and 34% in 1996.

Antlers’ social statistics are beyond alarming. Nearly one-third of its residents live in poverty. The median household income, $25,223, is less than half Oklahoma’s $55,557, which in turn is well below the national median of $74,099 in January 2022.

The best-off ethnic group in Antlers is Native Americans (median household income, $35,700; 48% with education beyond high school; 25% living in poverty)

In 2008, the U.S. Federal Reserve and Treasury Department also stepped in during the subprime lending crisis to coordinate the restructuring of troubled institutions. But creditor and investor rights and the political risks of bailing out banks limited what American regulators can do; arrangements were reached only after hard bargaining with banks and investment houses. In China, financial institutions have to do what the government tells them.

The government’s hand is everywhere. The most fundamental asset in China — land — is owned or controlled by the state. The value of China’s currency, the renminbi, is government-managed and regulators are widely believed to intervene in trading on the country’s stock markets.

Most of China’s biggest and most powerful companies, including all of its major banks, are state-owned, and executives are usually members of the Communist Party, which controls top-level corporate appointments.

“We’re in an incredibly dangerous world right now,” says Jin, who was born in Beijing and earned her Ph.D. in economics from Harvard and whose father, Jin Liqun, served as a vice minister of finance for China. “Without more effort made to understand each other’s perspectives, peaceful coexistence may not be possible.”

China’s current economic challenge is to overcome its middle-income trap,11 The term for when wages rise in a country but then stall as a result of higher costs and declining competitiveness. something that the United States might not relate to. It’s not all about displacing the United States as global hegemon, which would come with a huge amount of burdens and responsibilities. And I don’t think China is ready or willing to do that. To see China solely as trying to displace the United States is only going to stoke more fears

That’s not to say that the economic means justify the unfortunate circumstances. But China is a country that has done the most economically for the most number of people in the shortest amount of time. If you look at the new generation, they are open-minded on a whole range of issues, so much more than their parents. They care about animal rights, worker rights, social inequity. That shift gives us hope that China will progress.

To hear Bankman-Fried tell it, the idea was to make billions through his crypto-trading firm, Alameda Research, and FTX, the exchange he created for it — funneling the proceeds into the humble cause of “bed nets and malaria,” thereby saving poor people’s lives.

ast summer Bankman-Fried was telling The New Yorker’s Gideon Lewis-Kraus something quite different. “He told me that he never had a bed-nets phase, and considered neartermist causes — global health and poverty — to be more emotionally driven,” Lewis-Kraus wrote in August. Effective altruists talk about both “neartermism” and “longtermism.

Bankman-Fried said he wanted his money to address longtermist threats like the dangers posed by artificial intelligence spiraling out of control. As he put it, funding for the eradication of tropical diseases should come from other people who actually cared about tropical diseases: “Like, not me or something.”

what sets Mr Tate apart from other alt-right social-media personalities and previous anti-feminist online movements is the extent to which his views have found a ready audience among teenage boys.

In 2021 Mr Tate established Hustlers University, an online platform where young men could take courses in business and investing for $49.99 a month. It also gave students financial rewards for promoting Mr Tate’s misogynist ideas via a now-suspended affiliate marketing programme. Thanks to a continuing stream of fan-generated content, his views have proliferated on social media even though most platforms have banned his accounts.

Part of the reason why Mr Tate has found success specifically on TikTok is that its algorithm is uniquely predictive, appearing not only to rely on the content users watch and recommend, but making assumptions about their potential interests

Throughout their life cycle, plastics, which are manufactured from fossil fuels, release air pollutants, harm human health and kill marine life. In 2015, they were responsible for 4.5 percent of global greenhouse gas emissions, one recent study found, more than all of the world’s airplanes combined.

Figures from the Organization for Economic Cooperation and Development show that, over the past seven decades, plastics production has soared from two million metric tons (there are about 2,200 pounds per metric ton) to more than 400 million — and is expected to almost triple by 2060.

Danone alone used more than 750,000 metric tons of plastic — about 74 times the weight of the Eiffel Tower — in water bottles a, yogurt containers and other packaging in 2021, according to its 2021 financial report.

French President Emmanuel Macron might have been too blunt about his worries about Europe becoming a “vassal” of the United States, but his views are in fact widely shared in Europe and beyond. The war in Ukraine has hurt Europe by raising its energy costs while benefiting the United States, which is the world’s top producer of hydrocarbons and sells many at low cost. European companies are shifting investment to the United States, lured in part by the Inflation Reduction Act’s generous subsidies. A German CEO said to me recently, “You cannot expect us to forgo cheap Russian energy as well as the Chinese market. That would be suicide for Europe.”

More broadly, if geopolitical tensions win out and economic ties continue to weaken, we will move into a very different world, marked by much greater chaos and disorder at every level. One sign of this can be seen in the impasse over debt restructuring. Dozens of the world’s most vulnerable economies are in or at high risk of debt distress. (Lebanon, for example, has been in default for three years.) Yet the International Monetary Fund cannot bail out these countries because China (which is one of the world’s largest creditors) cannot come to an agreement with Western nations on the terms of relief. The two sides blame each other and hundreds of millions of people suffer.

The last time two major world powers tried to manage a relationship of economic interdependence and rising geopolitical rivalry was Britain and Germany in the period from the 1880s to 1914. That experiment ended very badly, with a war that destroyed much of the industrialized world. Both sides should try to ensure we do better this time

The world is at a startling demographic milestone. Sometime soon, the global fertility rate will drop below the point needed to keep population constant. It may have already happened.

Fertility is falling almost everywhere, for women across all levels of income, education and labor-force participation.

Governments have rolled out programs to stop the decline—but so far they’ve barely made a dent.

Securities and Exchange Commission Chair Gary Gensler, who took office in April of 2021 with a deep background in Wall Street, regulatory policy, and crypto, which he had taught at MIT years before joining the SEC. Gensler came in with the goal of implementing the rule of law in the crypto space, which he knew was full of scams and based on unproven technology. Yesterday, on CNBC, he was again confronted with Andrew Ross Sorkin essentially asking, “Why were you going after minor players when this Ponzi scheme was so flagrant?”

Cryptocurrencies are securities, and should fit under securities law, which would have imposed rules that would foster a de facto ban of the entire space. But since regulators had not actually treated them as securities for the last ten years, a whole new gray area of fake law had emerged

Almost as soon as he took office, Gensler sought to fix this situation, and treat them as securities. He began investigating important players

out of the depths of the inflation-riddled ’70s came the democratization of computing and finance. It feels to me as if we’re at a similar point. What’s going to be democratized next?

Start with quantum computing, autonomous vehicles and delivery drones. Even the once-in-a-generation innovation of machine learning and artificial intelligence is generating fear and doubt. Like homebrew computers, we’re at the rudimentary stage.

Especially in medicine. Healthcare pricing, billing and reimbursements are completely nonsensical. ObamaCare made it worse, but change is beginning. Pandemic-enabled telemedicine is a crack in the old way’s armor. Self-directed healthcare will grow. Ozempic and magic pills are changing lives. Crispr gene editing is also rudimentary but could extend healthy life expectancies. Add precision oncology, computational biology, focused ultrasound and more. The upside is endless.

A survey earlier this month suggested that only a fifth of voters are currently satisfied with the chancellor’s work – the worst result recorded since this type of polling began a quarter of a century ago

If they could pick a chancellor from any political party, only 5 per cent said they would choose Scholz.

This year has also been a difficult one for Germans.

He got a phone call about the imminent sale of a tech company and allegedly traded on the confidential information, according to charges filed by the Securities and Exchange Commission. The profit for a few minutes of work: $415,726.

rarely has anyone traded his reputation for seemingly so little reward. For Mr. Bechtolsheim, $415,726 was equivalent to a quarter rolling behind the couch. He was ranked No. 124 on the Bloomberg Billionaires Index last week, with an estimated fortune of $16 billion.

Last month, Mr. Bechtolsheim, 68, settled the insider trading charges without admitting wrongdoing. He agreed to pay a fine of more than $900,000 and will not serve as an officer or director of a public company for five years.

In recent days, giants of the financial world including JPMorgan, State Street and Pimco all pulled out of a group called Climate Action 100+, an international coalition of money managers that was pushing big companies to address climate issues.

Wall Street’s retreat from earlier environmental pledges has been on a slow, steady glide path for months, particularly as Republicans began withering political attacks, saying the investment firms were engaging in “woke capitalism.”

But in the past few weeks, things accelerated significantly. BlackRock, the world’s largest asset manager, scaled back its involvement in the group. Bank of America reneged on a commitment to stop financing new coal mines, coal-burning power plants and Arctic drilling projects