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lilyrashkind

Lottery Numbers, Blockchain Articles And Cold Calls To Moscow: How Activists Are Using ... - 0 views

  • Early last year, Tobias Natterer, a copywriter at the ad agency DDB Berlin, began pondering how to evade Russian censors. His client, the German arm of nonprofit Reporters Without Borders (RSF), was looking for more effective ways to let Russians get the news their government didn’t want them to see. RSF had been duplicating censored websites and housing them on servers deemed too important for governments to block—a tactic known as collateral freedom. (“If the government tries to shoot down the website,” Natterer explains, “they also have to shoot down their own websites which is why it’s called collateral.”)
  • . Anyone searching those numbers on Twitter or other platforms would then find links to the banned site and forbidden news. Talk about timing. Just as they were about to launch the strategy in Russia and two other countries, Russian President Vladimir Putin gave the order to invade Ukraine. The Kremlin immediately clamped down on nationwide coverage of its actions, making the RSF/DDB experiment even more vital.
  • “We want to make sure that press freedom isn’t just seen as something defended by journalists themselves,” says Lisa Dittmer, RSF Germany’s advocacy officer for Internet freedom. “It’s something that is a core part of any democracy and it’s a core part of defending any kind of freedom that you have.”
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  • Telegram videos and more. Ukrainian entrepreneurs are even hijacking their own apps to let Russians know what’s going on. While such efforts have mixed success, they demonstrate the ingenuity needed to win the information battle that’s as old as war itself.
  • Meanwhile, an organization called Squad303 built an online tool that lets people automatically send Russians texts, WhatsApp messages and emails. Some of the most effective strategies rely on old-school technologies. The use of virtual private networks, or VPNs, has skyrocketed in Russia since the war began. That may explain why the country’s telecom regulator has forced Google to delist thousands of URLs linked to VPN sites.
  • For Paulius Senūta, an advertising executive in Lithuania, the weapon of choice is the telephone. He recently launched “CallRussia,” a website that enables Russian speakers to cold-call random Russians based on a directory of 40 million phone numbers. Visitors to the site get a phone number along with a basic script developed by psychologists that advises callers to share their Russian connections and volunteer status before encouraging targets to hear what’s really going on. Suggested lines include “The only thing (Putin) seems to fear is information,” which then lets callers stress the need to put it “in the hands of Russians who know the truth and stand up to stop this war.” In its first eight days, Senūta says users from eastern Europe and elsewhere around the world placed nearly 100,000 calls to strangers in Russia.
  • “One thing is to call them and the other thing is how to talk with them,” says Senūta. As with any telemarketing call, the response from those on the receiving end has been mixed. While some have been receptive, others are angry at the interruption or suspicious that it’s a trick. “How do you speak to someone who has been in a different media environment?”
  • Terms like “war,” “invasion,” or “aggression” have been banned from coverage, punishable by fines of up to five million rubles (now roughly $52,000) or 15 years in prison. Says Kozlovsky: “It’s getting worse and worse.”
  • Arnold Schwarzenegger uploaded a lengthy video message to Russians via Telegram that included both Russian and English subtitles.) However, that it doesn’t mean it hurts to also try new things.
  • The question is whether Russians realize they’re being fed on a media diet of state-sponsored lies and criminalization of the truth. Dittmer believes many Russians are eager to know what’s really going on. So far, RSF’s “Truth Wins” campaign has been viewed more than 150,000 times in Russia. (Previous efforts by DDB and RSF in various countries have included embedding censored news in a virtual library within Minecraft and a playlist on Spotify.)
  • Censorship also cuts both ways. While Russian authorities have banned Facebook and Instagram as “extremist,” Western news outlets have in turn cut ties with state-controlled outlets because of Putin’s disinformation campaign. While pulling products and partnerships out of Russia may send a powerful message to the Kremlin, such isolation also risks leaving a bubble of disinformation intact. Luckily, “it’s pretty much impossible to censor effectively,” says RSF’s Dittmer, pointing to further efforts to use blockchain and gaming technology to spread news. “We can play the cat and mouse game with the internet censors in a slightly more sophisticated way.”
Javier E

Russian tycoon claims he is behind Forbes purchase, audiotapes show - The Washington Post - 0 views

  • “I just bought global Forbes,” Musaev told one of his associates, according to the material, referring to the Forbes Media Group, which includes the U.S. edition of the magazine. “You understand when you have in your hands the key to the most authoritative global brand, this key will give me access to anyone.”
  • Musaev repeated the claim again and again, according to the tapes. In one of the recordings, the videotape reviewed by The Post, he called Russell “the face” of the deal and insisted his own involvement be kept quiet. “I am doing it more subtly,” he said, according to the recording. “You understand,” he said at one point, “I am not working with a sledgehammer, nor with a scalpel, but with a laser.”
  • It’s unclear from the tapes whether Musaev was describing himself as a kingmaker, rather than an investor, who had helped bring the deal together and would garner future influence from his role; whether he was a secret investor putting money into the transaction through others; or whether he was simply making false or exaggerated claims.
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  • He denied he could have told his associates he had bought Forbes, but he did not respond to subsequent requests for comment about the tapes. In a later emailed statement, he said: “I have no investment in this transaction and no plans to invest in any way in the future, whether directly or indirectly.”
  • Russell courted potential investors in Silicon Valley and Hollywood over the summer — an attempt to bring in American ownership even as he maintained ties to foreign funders, according to four people who have worked with Russell on the deal, who, like others, spoke on the condition of anonymity to describe private business matters.
  • Musaev holds the license to publish Forbes Russia, one of the dozens of local language editions of Forbes magazine that are part of the overall media group, and has close connections to some of the individuals reported to be investors backing Russell, according to a former Musaev business partner, Pavel Cherkashin, as well as three additional people familiar with the deal.
  • In a memo circulated to policymakers on Capitol Hill in July and seen by The Post, Treverton cited information showing the deal’s foreign investors, including, he claimed, Khemka’s daughters, would contribute nearly 50 percent of the total $800 million purchase price, while Russell would be investing only a small fraction of that amount. “It appears there is a strong national security argument for the US Government to block the ... buyout,” Treverton wrote. Treverton declined to comment further when reached by The Post.
  • Russell’s announcement in May that he planned to buy Forbes was widely viewed as a surprise. So was the offer valuing Forbes at $800 million, which was $200 million more than the failed SPAC deal’s expected price. Some media analysts also balked at the price tag, noting it was more than the combined sale price of The Washington Post, Fortune and Time.
julia rhodes

U.S. Citizens Renouncing Skyrocket---The Tina Turner Effect - Forbes - 0 views

  • America is a great land and lures immigrants worldwide, yet record numbers of U.S. citizens and permanent residents are giving up their citizenship or residency.
  • And this year that trend is up by at least 33%  from the previous high in 2011.
  • Since then, the tax and other consequences do not depend on why one leaves. Yet after Facebook co-founder Eduardo Saverin departed permanently for Singapore with his Facebook IPO riches, there was an angry backlash.
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  • Meantime, are people following Tina Turner’s lead? No, and not Eduardo Saverin’s either. Most expatriations are probably motivated primarily by factors such as family and convenience. Many people like Ms. Turner have built a life somewhere else and may not plan to need a U.S. passport.
  • Although statistics are not available for why people say a final good-bye, many now find America’s global income tax compliance and disclosure laws inconvenient and nettlesome.
  • What’s more, U.S. reporting is based on their worldwide income, even though they are paying taxes in the country where they live.
  • . It requires an annual Form 8938 to be filed with income tax returns for foreign assets meeting a threshold. And foreign banks are sufficiently worried about keeping the IRS happy that many simply do not want American account holders. Americans abroad can be pariahs shunned by banks for daily banking activities.
  • To exit, you generally must prove 5 years of tax compliance in the U.S. Plus, if you have a net worth greater than $2 million or have average annual net income tax for the 5 previous years of $155,000 or more (that’s tax, not income), you pay an exit tax.
Javier E

How Did the Democrats Become Favorites of the Rich? - The New York Times - 0 views

  • On economic issues, however, the Democratic Party has inched closer to the policy positions of conservatives, stepping back from championing the needs of working men and women, of the unemployed and of the so-called underclass.
  • The current popularity of Bernie Sanders and his presidential candidacy notwithstanding, the mainstream of the Democratic Party supports centrist positions ranging from expanded free trade to stricter control of the government budget to time limits on welfare for the poor.
  • The authors, from Stanford, Princeton, the University of Georgia and N.Y.U., respectively, go on to note thatthe Democratic agenda has shifted away from general social welfare to policies that target ascriptive identities of race, ethnicity, gender and sexual orientation.
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  • “Both Republicans and many Democrats have experienced an ideological shift toward acceptance of a form of free market capitalism which, among other characteristics, offers less support for government provision of transfers, lower marginal tax rates for those with high incomes, and deregulation of a number of industries,
  • Martin Gilens and Benjamin Page, political scientists at Princeton and Northwestern. In a 2014 essay, “Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens,” they analyze congressional voting patterns and conclude thatThe majority does not rule — at least not in the causal sense of actually determining policy outcomes. When a majority of citizens disagrees with economic elites or with organized interests, they generally lose.
  • the share of contributions to Democrats from the top 0.01 percent of adults — a much larger share of the population than the Forbes 400 list — has grown from about 7 percent of total campaign contributions in 1980 to more than 25 percent of contributions in 2012. The same pattern is visible among Republicans, where the growth of fundraising dependence on the superrich has been moving along the same trajectory.
  • upscale voters were just as important to the Obama coalition as downscale voters. One consequence of the increased importance of the affluent to Democrats, according to Bonica and the three co-authors on the inequality paper, is that the Democratic Party has in many respects become the party of deregulated markets.
  • “The Democratic Party pushed through the financial regulation of the 1930s, while the Democratic party of the 1990s undid much of this regulation in its embrace of unregulated financial capitalism,” the four authors write.
  • Between 1982 and 2012, the Republican share of contributions from the Forbes 400 has been steadily falling, to 59 percent from 68 percent. As membership in the Forbes 400 changes, this trend will accelerate
  • “These findings may be disappointing to those who look to the Democratic Party as the ally of the disadvantaged,” Gilens wrote in a 2012 essay published by the Boston Review:In some respects Democrats have in fact served this function in the social welfare domain. But in other domains, policies adopted under Democratic control are no more consistent with the preferences of the less well off than are those adopted during periods dominated by the Republican Party.
  • Gilens, in a forthcoming paper in Perspectives on Politics, is critical of both Democrats and Republicans:On important aspects of tax policy, trade policy, and government regulation, both political parties have embraced an agenda over the past few decades that coincides far more with the economically regressive, free trade, and deregulatory orientations of the affluent than with the preferences of the middle class.
  • Most important, in recent years, the Democratic Party has become the political home for those whose most passionate cause is cultural, as opposed to economic, liberalism: decriminalization of drug possession; women’s rights; the rights of criminal defendants; and rights associated with the sexual revolution, including transgender rights, the right to contraception, abortion and same-sex marriage.
  • the party, if its aim is to mobilize those on the bottom rungs of the ladder, whites as well as blacks and Hispanics, will face some bitter conflicts, because these target voters are often the most hostile to the left-leaning social rights agenda.
  • College graduates were 22.9 percentage points more liberal on homosexuality than those without high school degrees, and 24.8 percentage points more liberal in their views on gay marriage.The same class differences have been found in views on abortion, school prayer and the survey question: should women should be the equal of men.
  • For many black and Hispanic voters who hold conservative views on social issues, the Democratic Party’s commitment on civil rights, immigration reform and the safety net trumps any hesitation about voting for Democratic candidates who hold alien cultural and moral views.
  • The same is not true for noncollege whites. Many of these voters hold liberal economic views, as evidenced by the passage by large margins of minimum wage referendums in four solidly red states last year. In the case of these white voters, however, animosity to Democratic cultural and moral liberalism trumps Democratic economic liberalism, as demonstrated by the near unanimous Republican-majority midterm and presidential voting in the poorest white counties of Appalachia.
  • The practical reality is that the Democratic Party is now structurally disengaged from class-based populism, especially a form of economically redistributive populism that low-to-moderate-income whites would find inviting.
lenaurick

Eating Less Meat Is World's Best Chance For Timely Climate Change, Say Experts - Forbes - 0 views

  • he world’s best chance for achieving timely, disaster-averting climate change may actually be a vegetarian diet eating less meat,
  • simply suggest diets containing less meat.)
  • A widely cited 2006 report estimated that 18% of worldwide greenhouse gas emissions were attributable to cattle, buffalo, sheep, goats, camels, pigs and poultry. However, analysis performed by Goodland, with co-writer Jeff Anhang, an environmental specialist at the World Bank Group’s International Finance Corporation, found that figure to now more accurately be 51%.
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  • A widely cited 2006 report estimated that 18% of worldwide greenhouse gas emissions were attributable to cattle, buffalo, sheep, goats, camels, pigs and poultry. However, analysis performed by Goodland, with co-writer Jeff Anhang, an environmental specialist at the World Bank Group’s International Finance Corporation, found that figure to now more accurately be 51%.
  • a molecule of CO2 exhaled by livestock is no more natural than one from an auto tailpipe.
  • Today, tens of billions more livestock are exhaling CO2 than in preindustrial days, while Earth’s photosynthetic capacity (its capacity to keep carbon out of the atmosphere by absorbing it in plant mass) has declined sharply as forest has been cleared.
  • One way in which this will be particularly troublesome for livestock producers will be that crops grown for feed will be refocused on biofuel sources.
Javier E

Spreading hate has backfired on right-wing media: How Fox News unwittingly destroyed th... - 0 views

  • spewing hate has a significant impact upon society. It is the equivalent of modern-day propaganda where the population is barraged with a stream of consistent messaging.  As ordinary people go about their daily lives, they are exposed repeatedly, day in and day out, to the same messages in numerous forms and by numerous people. Pretty soon, these messages begin to sink in and take effect.  The audience begins to adopt a worldview consistent with these messages, regardless of the degree of truth. 
  • Propaganda is powerful stuff.  Many people are susceptible to it and can be swayed by it, especially the less educated.
  • In America today, right-wing media is engaged in this very same activity through Fox News and extremist talk radio. 
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  • The messaging consists of common themes that recur in various forms. One central theme is a fierce opposition to government, especially so-called “big government.” This reappears in various sub-forms as well, such as rage against bureaucracy, regulations, Washington, D.C., the IRS, the Environmental Protection Agency, and federal politicians.
  • Another big theme is fear and victimization. You had better watch out because government is gonna getcha! “They,” whoever that may be, are about to take away your rights.  Your freedom is about to disappear.  Your religious liberties will be stripped away.  You won’t be able to make your own healthcare decisions.  Free choice will be gone.  Your children will suffer.
  • Another common theme is the fear of foreigners, or outsiders. We must protect our own in-group from the vague and mysterious threats posed by those who are a little bit different from us.
  • And, of course, someone from the Democratic Party, or some “liberal,” is to blame for all of this wreckage. Demonizing a specific target is powerful.  If a Democrat is in the White House, then the president becomes the favorite bullseye.
  • why would the Republican Party devise such a strategy that has no hope of success? Well, it turns out that they did not devise this strategy. I
  • t’s not even a strategy at all. It emerged not as a result of a grand Republican master plan, but of market economics.
  • The extremist right-wing network of Fox News and talk radio was not created by politicians, and it is not funded by a political party.  It is not supported by donations from people seeking political expression.  It was created for one central purpose: to make money.
  • the business of peddling hate and anger is a fantastically profitable one.
  • An unholy alliance was formed.  The Republican Party would allow the extremist right-wing network to promulgate its destructive propaganda throughout society in order to generate its enormous profits, and in exchange, the network would direct its audience to vote for the Republican Party.
  • Fox News has dominated the ratings as the number one cable news channel for the last 14 years and reportedly earns over $1 billion in profits annually, making it a golden goose in the overall Fox corporate empire.  Fox itself is one of the most valuable brands in the world with sales of over $13 billion.  And the tycoon behind Fox News, Rupert Murdoch, is personally worth $12 billion.
  • Corporate profits are greatly impacted by governmental policies.  Corporations, therefore, desire the government to be controlled by whichever political party is the most favorable to corporate profits.  And this, of course, is the Republican Party.
  • it is indeed a cozy little business model.  The network builds an audience by appealing to people’s fear, insecurity and anger, and simultaneously directs its audience to support the right-wing political party that best protects the network’s own profits.
  • From a political perspective, it is certainly not healthy to incite anger and hate within a nation’s own population.  And it is not very wise to inflame hostility and rage against a nation’s own government
  • from a political perspective of creating a cohesive society and maintaining peace and harmony among the population, this is disastrous.
  • politicians in the Republican Party could not resist.  The extremist right-wing network of Fox News and talk radio had built up an audience that could easily be exploited for political support. 
  • Rush Limbaugh raked in $80 million for himself in 2015 alone. Sean Hannity was paid $30 million. Glenn Beck is personally worth over $100 million. Bill O’Reilly’s prime-time show, “The O’Reilly Factor,” generates over $100 million per year in advertising revenue.
  • So for years and years, the extremist right-wing media network spewed out content full of anger, hate, and division.  And Republican politicians jumped on the bandwagon.  They began preaching the same destructive messages and appearing on the extremist right-wing network all across the nation.
  • It worked.The base of the Republican Party grew more and more angry.  Their resentment against our very own government grew ever greater.  Their sense of victimization became ever more acute.  Their fury at the establishment boiled over.
  • The base of the Republican Party became a Frankenstein. It became radicalized into an extreme movement that turned against the established order, including the leadership of the Republican Party itself. 
  • This is the reason behind the rise of candidates like Donald Trump and Ted Cruz.  The Republican Party establishment despises these candidates, but the party has no idea how to slay these dragons.
Javier E

The real reason to be scared of Kate Forbes | The Spectator - 0 views

  • Note also that we have moved beyond the age of tolerance into the age of affirmation. It is not enough that Forbes pledges to protect the right to same-sex marriage in law. She is expected to affirm other people’s beliefs, even their marriages. This is not a healthy development for freedom of conscience and, just as worrying, implies that elected officials should be moral arbiters of the nation’s relationships and private affairs
  • She has simply stated what her creed teaches while separating its doctrines from her job as a maker of law and policy. Kate Forbes believes that same-sex marriage is explicitly forbidden by the God of Abraham, Isaac and Jacob and yet she is still determined to protect its status in law. That, to my mind, is leadership in action. 
  • Forbes hasn’t said or done anything to suggest she would harm people in same-sex relationships. Indeed, she has reminded interviewers that she is bound by the Scriptural injunction to love her neighbour. She hasn’t expressed hatred of gay or lesbian people, of transgender people, of unmarried couples, or of the children produced by those unions
James Flanagan

1.6 Billion Rounds Of Ammo For Homeland Security? It's Time For A National Conversation... - 1 views

  • the Department of Homeland Security has issued an open purchase order for 1.6 billion rounds of ammunition. 
  • some of this purchase order is for hollow-point rounds, forbidden by international law for use in war, along with a frightening amount specialized for snipers
  • DHS now is showing off its acquisition of heavily armored personnel carriers, repatriated from the Iraqi and Afghani theaters of operation. 
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  • at the height of the Iraq War the Army was expending less than 6 million rounds a month.  Therefore 1.6 billion rounds would be enough to sustain a hot war for 20+ years.  In America.
  •   It is utterly inconceivable that Department of Homeland Security Secretary Janet Napolitano is planning a coup d’etat against President Obama, and the Congress, to install herself as Supreme Ruler of the United States of America.
  • There, however, are real signs that the Department bureaucrats are running amok.
  • Why, indeed, should the federal government not be deploying armored personnel carriers and stockpiling enough ammo for a 20-year war in the homeland?  Because it’s wrong in every way.
  •  President Obama has an opportunity, now, to live up to some of his rhetoric by helping the federal government set a noble example in a matter very close to his heart (and that of his Progressive base), one not inimical to the Bill of Rights: gun contro
  • The federal government can (for a nice change) begin practicing what it preaches by controlling itself.
Javier E

The right has its own version of political correctness. It's just as stifling. - The Wa... - 0 views

  • Political correctness has become a major bugaboo of the right in the past decade, a rallying cry against all that has gone wrong with liberalism and America. Conservative writers fill volumes complaining how political correctness stifles free expression and promotes bunk social theories about “power structures” based on patriarchy, race and mass victimhood. Forbes charged that it “stifles freedom of speech.” The Daily Caller has gone so far as to claim that political correctness “kills Americans.”
  • But conservatives have their own, nationalist version of PC, their own set of rules regulating speech, behavior and acceptable opinions. I call it “patriotic correctness.” It’s a full-throated, un-nuanced, uncompromising defense of American nationalism, history and cherry-picked ideals. Central to its thesis is the belief that nothing in America can’t be fixed by more patriotism enforced by public shaming, boycotts and policies to cut out foreign and non-American influences.
  • Insufficient displays of patriotism among the patriotically correct can result in exclusion from public life and ruined careers. It also restricts honest criticism of failed public policies, diverting blame for things like the war in Iraq to those Americans who didn’t support the war effort enough.
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  • Complaining about political correctness is patriotically correct. The patriotically correct must use the non-word “illegals,” or “illegal immigrant” or “illegal alien” to describe foreigners who broke our immigration laws. Dissenters support “open borders” or “shamnesty” for 30 million illegal alien invaders. The punishment is deportation because “we’re a nation of laws” and they didn’t “get in line,” even though no such line actually exists. Just remember that they are never anti-immigration, only anti-illegal immigration, even when they want to cut legal immigration.
  • Black Lives Matter is racist because it implies that black lives are more important than other lives, but Blue Lives Matter doesn’t imply that cops’ lives are more important than the rest of ours. Banning Islam or Muslim immigration is a necessary security measure, but homosexuals should not be allowed to get married because it infringes on religious liberty. Transgender people could access women’s restrooms for perverted purposes, but Donald Trump walking in on nude underage girls in dressing rooms before a beauty pageant is just “media bias.”
  • Terrorism is an “existential threat,” even though the chance of being killed in a terrorist attack is about 1 in 3.2 million a year. Saying the words “radical Islam” when describing terrorism is an important incantation necessary to defeat that threat. When Chobani yogurt founder Hamdi Ulukaya decides to employ refugees in his factories, it’s because of his ties to “globalist corporate figures.” Waving a Mexican flag on U.S. soil means you hate America, but waving a Confederate flag just means you’re proud of your heritage.
  • Blaming the liberal or mainstream media and “media bias” is the patriotically correct version of blaming the corporations or capitalism. The patriotically correct notion that they “would rather be governed by the first 2,000 people in the Boston telephone directory than by the 2,000 people on the faculty of Harvard University” because the former have “common sense” and the “intellectual elites” don’t know anything, despite all the evidence to the contrary, can be sustained only in a total bubble.
  • Poor white Americans are the victims of economic dislocation and globalization beyond their control, while poor blacks and Hispanics are poor because of their failed cultures. The patriotically correct are triggered when they hear strangers speaking in a language other than English. Does that remind you of the PC duty to publicly shame those who use unacceptable language to describe race, gender or whatever other identity is the victim du jour?
  • The patriotically correct rightly ridicule PC “safe spaces” but promptly retreat to Breitbart or talk radio, where they can have mutually reinforcing homogeneous temper tantrums while complaining about the lack of intellectual diversity on the left.
  • There is no such thing as too much national security, but it’s liberals who want to coddle Americans with a “nanny state.”
  • Those who disagree with the patriotically correct are animated by anti-Americanism, are post-American, or deserve any other of a long list of clunky and vague labels that signal virtue to other members of the patriotic in-group.
  • Every group has implicit rules against certain opinions, actions and language as well as enforcement mechanisms — and the patriotically correct are no exception. But they are different because they are near-uniformly unaware of how they are hewing to a code of speech and conduct similar to the PC lefties they claim to oppose.
  • The modern form of political correctness on college campuses and the media is social tyranny with manners, while patriotic correctness is tyranny without the manners, and its adherents do not hesitate to use the law to advance their goals.
Javier E

Our Invisible Rich - NYTimes.com - 1 views

  • most Americans have no idea just how unequal our society has become.
  • Americans vastly underestimate the concentration of wealth at the top.
  • recent estimates indicate not only that the wealth of the top percent has surged relative to everyone else — rising from 25 percent of total wealth in 1973 to 40 percent now — but that the great bulk of that rise has taken place among the top 0.1 percent, the richest one-thousandth of Americans.
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  • how can people be unaware of this development, or at least unaware of its scale? The main answer, I’d suggest, is that the truly rich are so removed from ordinary people’s lives that we never see what they have.
  • defenses of extreme inequality almost always invoke the examples of movie and sports stars. But celebrities make up only a tiny fraction of the wealthy, and even the biggest stars earn far less than the financial barons who really dominate the upper strata
  • For example, according to Forbes, Robert Downey Jr. is the highest-paid actor in America, making $75 million last year. According to the same publication, in 2013 the top 25 hedge fund managers took home, on average, almost a billion dollars each.
  • Does the invisibility of the very rich matter? Politically, it matters a lot. Pundits sometimes wonder why American voters don’t care more about inequality; part of the answer is that they don’t realize how extreme it is.
  • defenders of the superrich take advantage of that ignorance. When the Heritage Foundation tells us that the top 10 percent of filers are cruelly burdened, because they pay 68 percent of income taxes, it’s hoping that you won’t notice that word “income” — other taxes, such as the payroll tax, are far less progressive. But it’s also hoping you don’t know that the top 10 percent receive almost half of all income and own 75 percent of the nation’s wealth, which makes their burden seem a lot less disproportionate.
  • Today’s political balance rests on a foundation of ignorance, in which the public has no idea what our society is really like.
oliviaodon

Why Trump's Attack on the Time Warner Merger Is Dangerous for the Press - The Atlantic - 0 views

  • There are several reasons the Trump administration move to block a proposed merger between AT&T and Time Warner raised eyebrows. It was without recent precedent, and was contradicted, within just a day, by the cancellation of so-called net-neutrality regulations, undermining the administration’s argument about protecting the little guy.
  • The relatives merits of allowing the merger—and of blocking it—have been argued extensively by better-versed minds.
  • This has gotten some worried attention, but not nearly enough. This should be a wake-up call for American journalists.
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  • I have seen this play out so many times before—in Russia, that scary place portrayed as one with no press freedom and dead journalists stacked like cords of wood. I have spent most of my professional life writing about Russia, and whenever I have lived there or travel there, Americans ask me, “Aren’t you afraid to report there?” Whenever my Russian journalist friends meet Americans, they get asked the same thing, “Aren’t you afraid for your life?”
  • No one died, no one was arrested, but the channel, suddenly strapped for cash, had to fire half its staff.
  • Or take the example of RBC, Russia’s rough equivalent of Bloomberg. It is owned by Russian billionaire Mikhail Prokhorov, who also owns part of the Brooklyn Nets.
  • There are too many other examples to enumerate, but the death of independent Russian media—and it is in its death throes—did not come about through mass murder.
  • Russian journalists are watching us right now, and they’re mystified. After Trump shut down CNN’s Jim Acosta at his first press conference as president, the Russian journalist Alexey Kovalev offered Putin’s press conferences as a warning.
oliviaodon

The Lessons of Iran's Protests - The Atlantic - 0 views

  • The 2015 nuclear agreement signed by Iran and several world powers, including the U.S., was heralded internationally not only as a way to freeze the Islamic Republic’s nuclear program, but also domestically as a way to open up Iran’s moribund economy.
  • At first, there were signs this was precisely what would happen: U.S., European, Russian, and Chinese companies all signed agreements with Iran. The World Bank estimated Iran’s economy grew 6.4 percent in 2016, on the back of 9.2 percent growth in the second quarter of the year. And there was hope the new openness would mark a new era of entrepreneurship.
  • Except none of this was quite enough to stop the nationwide protests that began December 28 over jobs and the cost of living.
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  • first sign something could be wrong came in the May 2017 presidential election.
  • There are several reasons Iran’s economy hasn’t taken off in the way Rouhani had promised.
  • But perhaps more important than the uncertainty over the agreement are Iran’s own demographics. Half of all Iranians are under the age of 30. More people are entering the workforce each year than jobs exist or are being created. This all but ensures that a country with near universal literacy—with no gender disparity—will continue to have double-digit unemployment for the foreseeable future.
  • The protests were able to spread because of, among other things, the penetration of the smartphone—more than 40 percent of Iranian households have access to at least one—which enabled Iranians to use messaging apps to spread the word about the demonstrations.
  • Ultimately this might have been what prevented them from getting bigger.
  • This is ultimately what could imperil the Iranian regime. Rouhani’s economic promises have yet to materialize.
  • “The Islamic Republic,” Takeyh warned, “is entering a period of prolonged transition where it will no longer be able to proffer a theocracy with a human face.”
Javier E

George Conway: Trump Is Unfit for Office - The Atlantic - 0 views

  • Behavior like this is unusual, a point that journalists across the political spectrum have made. “This is not normal,” Megan McArdle wrote in late August. “And I don’t mean that as in, ‘Trump is violating the shibboleths of the Washington establishment.’ I mean that as in, ‘This is not normal for a functioning adult.’” James Fallows observed, also in August, that Trump is having “episodes of what would be called outright lunacy, if they occurred in any other setting,” and that if he “were in virtually any other position of responsibility, action would already be under way to remove him from that role.”
  • Simply put, Trump’s ingrained and extreme behavioral characteristics make it impossible for him to carry out the duties of the presidency in the way the Constitution requires. To see why first requires a look at what the Constitution demands of a president, and then an examination of how Trump’s behavioral characteristics preclude his ability to fulfill those demands.
  • Though the Constitution’s drafters could hardly have foreseen how the system would evolve, they certainly knew the kind of person they wanted it to produce. “The process of election affords a moral certainty,” Hamilton wrote, “that the office of President will never fall to the lot of any man who is not in an eminent degree endowed with the requisite qualifications.
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  • “Talents for low intrigue, and the little arts of popularity,” might suffice for someone to be elected to the governorship of a state, but not the presidency. Election would “require other talents, and a different kind of merit,” to gain “the esteem and confidence of the whole Union,” or enough of it to win the presidency. As a result, there would be “a constant probability of seeing the station filled by characters pre-eminent for ability and virtue.” This was the Framers’ goal in designing the system that would make “the choice of the person to whom so important a trust was to be confided.”
  • In a nutshell, while carrying out his official duties, a president has to put the country, not himself, first; he must faithfully follow and enforce the law; and he must act with the utmost care in doing all that.
  • can Trump do all that? Does his personality allow him to? Answering those questions doesn’t require mental-health expertise, nor does it really require a diagnosis. You can make the argument for Trump’s unfitness without assessing his mental health: Like James Fallows, for example, you could just ask whether Trump would have been allowed to retain any other job in light of his bizarre conduct
  • More than a diagnosis, what truly matters, as Lincoln’s case shows, is the president’s behavioral characteristics and personality traits. And understanding how people behave and think is not the sole province of professionals; we all do it every day, with family members, co-workers, and others.
  • its criteria for personality disorders—they don’t require a person to lie on a couch and confess his or her innermost thoughts. They turn on how a person behaves in the wild, so to speak.
  • Donald Trump, as president of the United States, is probably the most observable and observed person in the world. I’ve personally met and spoken with him only a few times, but anyone who knows him will tell you that Trump, in a way, has no facade: What you see of him publicly is what you get all the time, although you may get more of it in private
  • accounts of a person’s behavior from laypeople who observe him might be more accurate than information from a clinical interview, and that this is especially true when considering two personality disorders in particular—what the DSM calls narcissistic personality disorder and antisocial personality disorde
  • These two disorders just happen to be the ones that have most commonly been ascribed to Trump by mental-health professionals over the past four years. Of these two disorders, the more commonly discussed when it comes to Trump is narcissistic personality disorder, or NPD—pathological narcissism
  • it touches directly upon whether Trump has the capacity to put anyone’s interests—including the country’s and the Constitution’s—above his own.
  • A certain amount of narcissism is healthy, and helpful—it brings with it confidence, optimism, and boldness. Someone with more than an average amount of narcissism may be called a narcissist. Many politicians, and many celebrities, could be considered narcissists
  • “Pathological narcissism begins when people become so addicted to feeling special that, just like with any drug, they’ll do anything to get their ‘high,’ including lie, steal, cheat, betray, and even hurt those closest to them,”
  • The “fundamental life goal” of an extreme narcissist “is to promote the greatness of the self, for all to see,
  • To many mental-health professionals, Donald Trump provides a perfect example of such extreme, pathological narcissism: One clinical psychologist told Vanity Fair that he considers Trump such a “classic” pathological narcissist that he is actually “archiving video clips of him to use in workshops because there’s no better example”
  • The goal of a diagnosis is to help a clinician guide treatment. The question facing the public is very different: Does the president of the United States exhibit a consistent pattern of behavior that suggests he is incapable of properly discharging the duties of his office?
  • Even Trump’s own allies recognize the degree of his narcissism. When he launched racist attacks on four congresswomen of color, Senator Lindsey Graham explained, “That’s just the way he is. It’s more narcissism than anything else.” So, too, do skeptics of assigning a clinical diagnosis. “No one is denying,” Frances told Rolling Stone, “that he is as narcissistic an individual as one is ever likely to encounter.” The president’s exceptional narcissism is his defining characteristic—and understanding that is crucial to evaluating his fitness for office
  • The DSM-5 describes its conception of pathological narcissism this way: “The essential feature of narcissistic personality disorder is a pervasive pattern of grandiosity, need for admiration, and lack of empathy that begins by early adulthood and is present in a variety of contexts.”
  • The diagnostic criteria offer a useful framework for understanding the most remarkable features of Donald Trump’s personality, and of his presidency. (1) Exaggerates achievements and talents, expects to be recognized as superior without commensurate achievements?
  • (2) Preoccupied with fantasies of unlimited success, power, brilliance
  • (3) Believes that he or she is “special” and unique and should only associate with other special or high-status people?
  • Trump claims to be an expert—the world’s greatest—in anything and everything. As one video mash-up shows, Trump has at various times claimed—in all seriousness—that no one knows more than he does about: taxes, income, construction, campaign finance, drones, technology, infrastructure, work visas, the Islamic State, “things” generally, environmental-impact statements, Facebook, renewable energy, polls, courts, steelworkers, golf, banks, trade, nuclear weapons, tax law, lawsuits, currency devaluation, money, “the system,” debt, and politicians.
  • (4) Requires excessive admiration? Last Thanksgiving, Trump was asked what he was most thankful for. His answer: himself, of course. A number of years ago, he made a video for Forbes in which he interviewed two of his children. The interview topic: how great they thought Donald Trump wa
  • (5) A sense of entitlement? (9) Arrogant, haughty behaviors? Trump is the man who, on the infamous Access Hollywood tape, said, “When you’re a star, they let you do it. You can do anything you want”—including grabbing women by their genitals. He’s the man who also once said, “I could stand in the middle of Fifth Avenue and shoot somebody and I wouldn’t lose any voters.”
  • (8) Envious of others? Here’s a man so unable to stand the praise received by a respected war hero and statesman, Senator John McCain, that he has continued to attack McCain months after McCain’s death;
  • (6) Interpersonally exploitative? Just watch the Access Hollywood tape, or ask any of the hundreds of contractors and employees Trump the businessman allegedly stiffed, or speak with any of the two dozen women who have accused Trump of sexual misconduct, sexual assault, or rape.
  • Finally, (7) Lacks empathy: is unwilling to recognize or identify with the feelings or needs of others? One of the most striking aspects of Trump’s personality is his utter and complete lack of empathy
  • The notorious lawyer and fixer Roy Cohn, who once counseled Trump, said that “Donald pisses ice water,” and indeed, examples of Trump’s utter lack of normal human empathy abound.
  • “It made no sense, Priebus realized, unless you understood … ‘The president has zero psychological ability to recognize empathy or pity in any way.’
  • What kind of human being, let alone politician, would engage in such unempathetic, self-centered behavior while memorializing such horrible tragedies? Only the most narcissistic person imaginable—or a person whose narcissism would be difficult to imagine if we hadn’t seen it ourselves. The evidence of Trump’s narcissism is overwhelming—indeed, it would be a gargantuan task to try to marshal all of it, especially as it mounts each and every day.
  • A second disorder also frequently ascribed to Trump by professionals is sociopathy—what the DSM-5 calls antisocial personality disorder
  • Central to sociopathy is a complete lack of empathy—along with “an absence of guilt.” Sociopaths engage in “intentional manipulation, and controlling or even sadistically harming others for personal power or gratification. People with sociopathic traits have a flaw in the basic nature of human beings … They are lacking an essential part of being human.” For its part, the DSM-5 states that the “essential feature of antisocial personality disorder is a pervasive pattern of disregard for, and violation of, the rights of others that begins in childhood or early adolescence and continues into adulthood.”
  • Trump’s sociopathic characteristics sufficiently intertwine with his narcissistic ones that they deserve mention here. These include, to quote the DSM-5, “deceitfulness, as indicated by repeated lying, use of aliases, or conning others.” Trump’s deceitfulness—his lying—has become the stuff of legend; journalists track his “false and misleading claims” as president by the thousands upon thousands.
  • Other criteria for antisocial personality disorder include “failure to conform to social norms with respect to lawful behaviors, as indicated by repeatedly performing acts that are grounds for arrest”; “impulsivity or failure to plan ahead”; and “lack of remorse, as indicated by being indifferent to or rationalizing having hurt, mistreated, or stolen from another.
  • As for impulsivity, that essentially describes what gets him into trouble most: It was his “impulsiveness—actually, total recklessness”—that came close to destroying him in the 1980s
  • And lack of remorse? That’s a hallmark of sociopathy, and goes hand in hand with a lack of human conscience. In a narcissistic sociopath, it’s intertwined with a lack of empathy. Trump hardly ever shows remorse, or apologizes, for anything. The one exception: With his presidential candidacy on the line in early October
  • In a way, Trump’s sociopathic tendencies are simply an extension of his extreme narcissism
  • articular, “They change reality to suit themselves in their own mind.” Although Trump “lies because of his sociopathic tendencies,” telling falsehoods to fool others, Dodes argues, he also lies to himself, to protect himself from narcissistic injury. And so Donald Trump has lied about his net worth, the size of the crowd at his inauguration, and supposed voter fraud in the 2016 election.
  • The latter kind of lying, Dodes says, “is in a way more serious,” because it can indicate “a loose grip on reality”—and it may well tell us where Trump is headed in the face of impeachment hearings. Lying to prevent narcissistic injury can metastasize to a more significant loss of touch with reality
  • Experts haven’t suggested that Trump is psychotic, but many have contended that his narcissism and sociopathy are so inordinate that he fits the bill for “malignant narcissism.” Malignant narcissism isn’t recognized as an official diagnosis; it’s a descriptive term coined by the psychoanalyst Erich Fromm, and expanded upon by another psychoanalyst, Otto Kernberg, to refer to an extreme mix of narcissism and sociopathy, with a degree of paranoia and sadism mixed in
  • In the view of some in the mental-health community, such as John Gartner, Trump “exhibits all four” components of malignant narcissism: “narcissism, paranoia, antisocial personality and sadism.”
  • Mental-health professionals have raised a variety of other concerns about Trump’s mental state; the last worth specifically mentioning here is the possibility that, apart from any personality disorder, he may be suffering cognitive decline.
  • His “mental state,” according to Justin A. Frank, a former clinical professor of psychiatry and physician who wrote a book about Trump’s psychology, “include[s] so many psychic afflictions” that a “working knowledge of psychiatric disorders is essential to understanding Trump.” Indeed, as Gartner puts it: “There are a lot of things wrong with him—and, together, they are a scary witch’s brew.”
  • when you line up what the Framers expected of a president with all that we know about Donald Trump, his unfitness becomes obvious. The question is whether he can possibly act as a public fiduciary for the nation’s highest public trust. To borrow from the Harvard Law Review article, can he follow the “proscriptions against profit, bad faith, and self-dealing,” manifest “a strong concern about avoiding ultra vires action” (that is, action exceeding the president’s legal authority), and maintain “a duty of diligence and carefulness”? Given that Trump displays the extreme behavioral characteristics of a pathological narcissist, a sociopath, or a malignant narcissist—take your pick—it’s clear that he can’t.
  • To act as a fiduciary requires you to put someone else’s interests above your own, and Trump’s personality makes it impossible for him to do that. No president before him, at least in recent memory, has ever displayed such obsessive self-regard
  • Indeed, Trump’s view of his presidential powers can only be described as profoundly narcissistic, and his narcissism has compelled him to disregard the Framers’ vision of his constitutional duties in every respect
  • Trump’s incapacity affects all manner of subjects addressed by the presidency, but can be seen most acutely in foreign affairs and national security.
  • All in all, Trump sought to impede and end a significant counterintelligence and criminal investigation—one of crucial importance to the nation—and did so for his own personal reasons. He did precisely the opposite of what his duties require. Indeed, he has shown utter contempt for his duties to the nation
  • hat constitutional mechanisms exist for dealing with a president who cannot or does not comply with his duties, and how should they take the president’s mental and behavioral characteristics into account?
  • it turns out that impeachment is a more practical mechanism
  • In short, now that the House of Representatives has embarked on an impeachment inquiry, one of the most important judgments it must make is whether any identified breaches of duty are likely to be repeated. And if a Senate trial comes to pass, that issue would become central as well to the decision to remove the president from office. That’s when Trump’s behavioral and psychological characteristics should—must—come into pla
  • One of the most compelling arguments about the meaning of those words is that the Framers, in Article II’s command that a president faithfully execute his office, imposed upon him fiduciary obligations. As the constitutional historian Robert Natelson explained in the Federalist Society Review, the “founding generation [understood] ‘high … Misdemeanors’ to mean ‘breach of fiduciary duty.’
  • Eighteenth-century lawyers instead used terms such as breach of trust—which describes the same thing. “Parliamentary articles of impeachment explicitly and repetitively described the accused conduct as a breach of trust,” Natelson argues, and 18th-century British legal commentators explained how impeachment for “high Crimes and Misdemeanors” was warranted for all sorts of noncriminal violations that were, in essence, fiduciary breaches.
  • why the discussion of Morris’s suggestion was so brief—the drafters knew what the words historically meant, because, as a House Judiciary Committee report noted in 1974, “at the time of the Constitutional Convention the phrase ‘high Crimes and Misdemeanors’ had been in use for over 400 years in impeachment proceedings in Parliament
  • Certainly Alexander Hamilton knew by the time he penned “Federalist No. 65,” in which he explained that impeachment was for “those offenses which proceed from the misconduct of public men, or, in other words, from the abuse or violation of some public trust.
  • What constitutes such an abuse or violation of trust is up to Congress to decide: First the House decides to bring impeachment charges, and then the Senate decides whether to convict on those charges. The process of impeachment by the House and removal by trial in the Senate is thus, in some ways, akin to indictment by a grand jury and trial by a petit jury
  • As Laurence Tribe and Joshua Matz explain in their recent book on impeachment, “the Constitution explicitly states that Congress may not end a presidency unless the president has committed an impeachable offense. But nowhere does the Constitution state or otherwise imply that Congress must remove a president whenever that standard is met … In other words, it allows Congress to exercise judgment.”
  • As Tribe and Matz argue, that judgment presents a “heavy burden,” and demands that Congress be “context-sensitive,” and achieve “an understanding of all relevant facts.” A president might breach his trust to the nation once in some small, inconsequential way and never repeat the misbehavior, and Congress could reasonably decide that the game is not worth the candle.
  • It’s also an appropriate mechanism, because the constitutional magic words (other than Treason and Bribery) that form the basis of an impeachment charge—high Crimes and Misdemeanors, found in Article II, Section 4 of the Constitution—mean something other than, and more than, offenses in the criminal-statute books. High Crimes and Misdemeanors is a legal term of art, one that historically referred to breaches of duties—fiduciary duties—by public officeholders. In other words, the question of what constitutes an impeachable offense for a president coincides precisely with whether the president can execute his office in the faithful manner that the Constitution requires.
  • there’s another reason as well. The people have a right to know, and a need to see. Many people have watched all of Trump’s behavior, and they’ve drawn the obvious conclusion. They know something’s wrong, just as football fans knew that the downed quarterback had shattered his leg. Others have changed the channel, or looked away, or chosen to deny what they’ve seen. But if Congress does its job and presents the evidence, those who are in denial won’t be able to ignore the problem any longer.
Javier E

Prosecutors want Brazil's oldest bank to pay reparations for slavery - The Washington Post - 0 views

  • In the mid-1800s, the most prolific slaver in Brazil was a man named José Bernardino de Sá. The transatlantic slave trade was banned in Brazil and abroad, but Bernardino nonetheless financed the trafficking of nearly 20,000 Africans to Brazil — and became one of the country’s wealthiest people.
  • He used that wealth to buy farms, build roads — and, historians say, fund the Banco do Brasil. It’s just one of several links that ties this country’s oldest and most prominent bank to the slave trade. Not only was its initial capital drawn from slavery, historians say; its original vice president and director were also notorious slavers.
  • That history, and what should be done about it, is now at the center of a remarkable legal filing by government attorneys in Rio de Janeiro — an action that’s asking some of the most fundamental questions about Brazil, its history and the long shadow the transatlantic slave trade casts over it.
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  • The attorneys from the Federal Public Ministry say the time has come for Brazilian institutions to account for their role in slavery. They’ve called on Banco do Brasil to commit to some form of reparations.
  • The attorneys on Friday gave Banco do Brasil 15 days to publicly acknowledge its role in slavery and the slave trade and present plans for some form of reparations.
  • The bank does not deny its ties to slavery but has argued that it should not be held responsible for the sins of a society. It says it did not commit any crimes and should not be liable for the actions of those who worked for or funded the bank
  • Brazilians, particularly elites descended from European settlers, have historically preferred to think of their country as free of racism. “A racial democracy,” they boasted, where people could marry independent of skin color and race was defined less rigidly than in the United States.
  • That story, historians say, has largely obscured the primacy of slavery in Brazil’s genesis — and its enduring impact. Brazil imported around 5 million enslaved Africans — far more than any other country — accounting for roughly 40 percent of the entire trade
  • Nearly twice as many enslaved people were brought through a single wharf in Rio de Janeiro than arrived in all of the United States. It was the last country in the Americas, in 1888, to abolish slavery.
  • “Bring together capital that has found itself displaced from illicit trade and converge it into a center where the productive forces of the country could be fed,” Irineu Evangelista de Sousa, who reopened the bank, wrote in his autobiography. “This was the idea that came into my head.”
  • Banco do Brasil, which in 2023 reported $380.3 billion in assets and $5.8 billion in profits, according to Forbes. Chartered in 1808 by Portuguese King Dom João, the bank drew its foundational capital from taxes the crown imposed on sea trade, much of which involved slavery. The wealthy Rio elite — many of whom trafficked in enslaved Africans — were invited by the crown to finance the bank.
  • When the trade was outlawed in 1831, the bank’s ties to slavery didn’t diminish, historians and government attorneys say — they intensified. The bank closed for two decades but reopened in 1853 for the purpose of accumulating ill-gotten wealth, prosecutors and historians allege, most of it from the international slave trade.
  • “Brazil has never had a problem romanticizing its memory of slavery,” said Luciana Brito, a historian at the Federal University of Recôncavo da Bahia. “It likes to remember slavery as a means of producing a beautiful people, of one nation, as though it was a necessary evil.”
  • The openness with which he spoke of the scheme, historians say, betrays the extent to which the crime of slavery was normalized in elite Brazilian society.
  • Under pressure from the United Kingdom, Brazil begrudgingly signed on to an international campaign to abolish the international slave trade in 1831. But it did little to enforce it. More than 700,000 enslaved Africans were trafficked into the country until a more restrictive law was passed in 1850.
  • But that story, and so many others, was virtually unknown to Brazilians, said Thiago Campos, a historian at the Federal Fluminense University. So a group of historians began discussing earlier this year how to start a broader conversation.
  • Fourteen historians wrote a letter this autumn to government attorneys outlining what they knew of Banco do Brasil’s history and asking for a national debate on the matter. The attorneys with the Federal Public Ministry, who represent Brazilians in cases involving individual or social rights, took it even further: They called for reparations.
  • “Unfortunately, Brazil is very behind on this discussion,” he said. “I believe it will be likely that as we progress with this case, others will come forward, and we’ll have more discussion on this topic. It’s an important moment to put this on the national agenda.”
fischerry

Is Fake News An Antitrust Problem? - 0 views

  • Is Fake News An Antitrust Problem?
  • The election has made fake news a hot topic in tech policy. There are many contributors to fake news, but a new piece by Sally Hubbard puts the onus on Facebook’s platform. Four Washington Bytes contributors debated the issues on Friday. Here is a lightly edited transcript:
Javier E

I'm with the banned: International visitors are already turning their back on Trump-era... - 1 views

  • a market research firm, looked at online searches for flights into America, comparing the final weeks of the Obama administration with the first weeks of Mr Trump’s presidency. It found that these searches had declined by 17%.
  • The overwhelming majority of countries studied showed a drop in interest. The most notable exception was Russia
  • it is “hard to see any other short-term significant events that could be related,” other than Mr Trump’s assumption of the presidency and his travel ban.
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  • Another study, this time looking specifically at business travel, backs up these findings. The Global Business Travel Association (GBTA), which represents corporate travel managers, found that business travel transactions in America declined by 3.4% over the course of one week following the president’s order.
  • If a 3.4% decline sounds small, consider the group’s assertion that a 1% drop in business travel over the course of a year correlates with a loss of 71,000 American jobs and close to $5bn in gross domestic product
  • a net $185m in business travel bookings was lost
  • as Mr Trump is broadly unpopular in much of the world, some people were probably already thinking twice about coming to America before the executive order was announced.
  • Adam Sacks, president of Tourism Economics, a consultancy, told Forbes that the furore will probably “severely damage the US travel sector this year”
  • He cites the $246bn that international visitors spent in America last year, a figure that vastly exceeds the value of other major American exports such as cars ($152bn), agricultural products ($137bn) and petroleum products ($97bn)
  • Those high stakes explain why travel firms, normally reluctant to annoy customers by taking a political stance, have gone out of their way to condemn Mr Trump. 
James Flanagan

Enrollment In Obamacare's Federal Exchange, So Far, May Only Be In 'Single Digits' - Fo... - 0 views

  • On October 1, Obamacare’s subsidized insurance exchanges went live. Most of the exchange websites crashed on the first day, a development that led some of the law’s supporters to conclude that there was overwhelming demand for Obamacare’s insurance products.
  • . “Very, very few people that we’re aware of have enrolled in the federal exchange,” said one anonymous insurance industry official to the Washington Post. “We are talking single digits.”
  • Covered California, that state’s subsidized insurance exchange, initially claimed that its website had received 5 million hits on October 1. They later had to revise that number down 87 percent, to 645,000. KUSI-TV in San Diego is reporting that not one policy has yet been sold on the California exchange.
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  • . For example, the drop-down boxes for security questions aren’t working, which shouldn’t be a traffic-related problem
  • A new study from the American Action Forum that looks at healthy 30-year-old men finds that underlying premiums for those individuals will increase by an average of 260 percent
  • In a sense, the AAF study is more relevant to the problem at hand. Obamacare makes healthy people pay more for insurance in order to subsidize sicker people. It makes younger people pay more to subsidize older people. It makes men pay more to subsidize women. It makes everyone pay more to cover benefits, taxes, and fees that consumers might not ordinarily want.
Javier E

Op-Ed Columnist - How Fox Betrayed Petraeus - NYTimes.com - 0 views

  • How do you win Muslim hearts and minds in Kandahar when you are calling Muslims every filthy name in the book in New York?
  • An America at war with Islam plays right into Al Qaeda’s recruitment spiel. This month’s incessant and indiscriminate orgy of Muslim-bashing is a national security disaster for that reason — Osama bin Laden’s “next video script has just written itself,” as the former F.B.I. terrorist interrogator Ali Soufan put it — but not just for that reason. America’s Muslim partners, those our troops are fighting and dying for, are collateral damage. If the cleric behind Park51 — a man who has participated in events with Condoleezza Rice and Karen Hughes, for heaven’s sake — is labeled a closet terrorist sympathizer and a Nazi by some of the loudest and most powerful conservative voices in America, which Muslims are not?
proudsa

Bernie Sanders' Healthcare Dreams Are Revolutionary, Unaffordable And Unachievable - Fo... - 0 views

  • Unaffordable And Unachievable
    • proudsa
       
      According to recent studies, with Bernie's plan, the US will be bankrupt in two years 
  • Bernie’s plan falls short of this imagined utopia and would fail for reasons fiscal, political, social and medical.
  • No American would have to come up with copays or satisfy deductibles, nor would they face the fear of losing coverage.
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  • Bernie’s proposal is, in a word, revolutionary–at least for Americans.
redavistinnell

India To Be World's Fastest Growing Economy: Keeping It Going Will Be The Difficult Tri... - 0 views

  • India To Be World's Fastest Growing Economy: Keeping It Going Will Be The Difficult Trick
  • So, a predicted growth rate of 7.3% for the last quarter of last year, with that rate expected to be maintained in the year to come is good news.
  • Well, there’re worries about the present too but as ever in an economy we need to look at the short term, where macroeconomics holds sway, and also at the long term, where it’s microeconomics all the way down.
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  • The annual budget, which garners significant market attention each year, assumes greater importance this time as markets test Modi’s commitment to fiscal consolidation that is also key to determining the path of India’s monetary policy after the biggest interest-rate cuts in six years in 2015.
  • My own opinion is that that is going to be a sufficient boost to the economy pretty much whatever the government manages to do with the deficit
  • Effectively the country needs the destruction of the entire Licence Raj. Much has already been done but there’s still a lot to do
  • Perhaps not in some of the formal measures but the Chinese economy, as it actually works, is in that private sector one of the most viciously free market on the planet at present.
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