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That's unrealized profits for companies that invested in the energy infrastructure, betting on a longer life span, plus potential lost income for investors who bought stock in the utility companies. 

Globally, up to 50% of the currently used and planned fossil fuel-dependent power plants would have to be phased out earlier than their planned lifetime to limit climate change to below 2 degrees warming. Taking only coal into account, this represents assets worth between $150 billion and $1.4 trillion.

Making exact assessments of the size of the problem is difficult because it remains unclear which path policymakers will take. And what should be included in estimates — the value of minerals left in the ground? Unrealized company profits? Or even combustion engines that will no longer be of use? 

"The point is not whether there is a financial bubble, but whether it will burst or not. And what kind of actions governments and financial supervisors will take, and central banks also, will make it burst or not.

A case in point are the money managers set up to handle retirement for billions of people globally: Pension funds are tasked to hold their clients' money and turn a profit from the investments. That means investing the proceeds into stocks on the market.  But with large chunks of the market tied to the fossil fuel industry, a lot of the money is invested in coal, oil and gas. And this money could lose value under ambitious climate policies.

"A pension fund in Europe could be exposed as much as 48% to companies that could be at risk of stranded assets," said Irene Monasterolo. The professor of climate finance at Utrecht University is part of a large and growing group of academics and experts drawing out the risks to the wider financial system posed by these carbon assets

Mark Carney, the former Bank of England governor, is largely credited with kicking off a public debate on the financial stability concerns due to climate change. Speaking in front of London's insurance executives in 2015, he called for more transparency on climate risks — information that should then feed back into climate policies in reference to risks in financial markets.

Thus far, these risks haven't been resolved. Speaking with DW, Monasterolo warned that the amount and intricate interconnectedness of carbon assets could lead to a disastrous outcome.

"The problem with fossil fuel is that it's worth between $16 trillion to $300 trillion, depending on how you calculate. So it's massive," said Joyeeta Gupta, an economics professor at the University of Amsterdam. But this industry is also the base for a huge pile of financial wealth. 

Regulators seem to have caught up with the warning calls. In late November, the European Central Bank threatened to fine about 20 European banks for mishandling climate risks, Bloomberg reported. But returns on investment could stack pensioners against tough climate action.

Most large central banks globally now require their banks to stress test their business models for climate scenarios. But what is essentially at odds, said Monasterolo, is the "long-term dimension of climate change versus the short-term decision-making in policy and in finance."

The long period of transition in Germany's west turned polluting smokestacks into tourist attractions. The former mine in Essen was turned into a museum and event location — a new asset for the region, and a change that put the public good over short-term profits. 

"China has really been at the forefront of success in conversion of all vehicles to electric vehicles, especially buses," says Heather Thompson, chief executive officer of the Institute for Transportation and Development Policy (ITDP), a non-profit focusing on sustainable transport solutions. "The rest of the world is trying to do the same, but I think China is really out ahead."

At the time of China's 2001 entry into the World Trade Organisation, the international automotive industry was dominated by European, US and Japanese brands. These companies had spent decades perfecting internal combustion engine technology. To compete, Beijing decided to find a new track for its auto industry: making cars that did not use conventional engines.

That same year, the central government launched the so-called "863 plan" for EV research and development. There were numerous practical challenges, however, in the way of mass electrification. Not many manufacturers were making new energy vehicles, buyers were few and there was a lack of charging infrastructure in existence. The answer? Buses.

"The Chinese government adopted a very smart strategy," says Liu Daizong, ITDP's East Asia director. "They realised quite early on that they should drive [the EV industry] through electric buses," he notes, since their public service status meant Beijing "could have a strong hand on their electrification".

"Bus routes were fixed. This means when an electric bus finished a round, it could return to the depot to recharge," explains Xue Lulu, a mobility manager at the World Resources Institute (WRI) China. The typical daily mileage of a Chinese bus ­– 200km (120 miles) – was a realistic range for battery makers to meet.

The following year, the country began its large-scale rollout of new energy buses, with the "Ten Cities and Thousand Vehicles" programme. Over three years, the programme aimed to provide 10 cities with financial subsidies to promote 1,000 public-sector new energy vehicles in each, annually. Its goal was to have 10% new energy vehicles in the country by the end of 2012.

Strong policy support from both central and regional governments "gave manufacturers confidence in setting up production lines and stepping up research efforts," says Liu.

Together, these strong and consistent government signals encouraged Chinese manufacturers to expand their EV production capacity, bring down costs and improve their technologies. One such company was Build Your Dream, better known as BYD. The Shenzhen-based firm, the world's largest EV maker in 2022, ballooned its business a decade before by supplying electric buses and taxis for China's EV pilot cities.

"Back then, most buses used diesel, which was a main source of nitrogen oxides (NOx) emissions," says Xue, referring to the air pollution that smothered Beijing and other Chinese cities in the early 2010s. Yet in 2013, a new plan from central government cited tackling air pollution as one of the reasons for rolling out EVs.

This addition proved to be critical: it not only connected EV uptake with people's health, it also indirectly tied the e-bus campaign to local officials' political performance, as the central government would soon hand air-quality targets to all provinces.

The years 2013 and 2014 proved to be important for China's EV push. For the first time, the central government made EV purchase subsidies available to individual consumers, not just the public sector, opening the floodgate to private ownership. Additionally, it offered discounted electricity tariffs to bus operators to make sure the cost of running electric buses would be "significantly lower than" that of their oil or gas-powered equivalents.

The new economic push, plus local government's determination to battle air pollution, generated great enthusiasm for e-buses. By the end of 2015, the number of EV pilot cities rocketed from 25 to 88. In the same year, the central government set a target of 200,000 new energy buses on the road by 2020 and announced a plan to phase out its subsidies for fossil-fuel-powered buses.

To further stimulate the market, many cities devised various local policies on top of national incentives. For example, Shenzhen, a southern city with a population of more than 17 million, encouraged government agencies to work with private companies to create a full range of renting mechanisms for bus operators

Different cities' bus operators also designed different charging strategies. "Buses in Shenzhen had bigger batteries, so they normally charged overnight," says Xue, of WRI China. Between 2016 and 2020, Shanghai, another electric bus hub, subsidised the electricity e-buses used -- regardless of the hours of the day -- to give them more flexibility in charging.

Generous financial support did lead to problems. In 2016, an EV subsidy fraud shook China, with some bus operators found to have exaggerated the number of e-buses they had purchased. So that same year Beijing shifted its EV subsidy rules so bus operators could only receive financial support when a bus's mileage reached 30,000km (19,000 miles).

one year later, the government announced the so-called "dual-credit" policy. This allowed new energy vehicle makers to rake up credits which they could sell for cash to those needing to offset "negative credits" generated from making conventional cars.

it wasn't only China's buses that had benefitted.China's e-bus campaign helped create a big and stable market for its wider EV industry, brought down the costs and created economies of scale. In 2009, the year the e-bus campaign was rolled out, the total number of new energy vehicles sold stood at 2,300; by 2022, it was 6.9 million, analysis by Huang Zheng,

By 2022, the country had also built the world's largest EV charging network, with 1.8 million public charging stations – or two-thirds of the global total – and 3.4 million private equivalents. This means that on average, there is one charging pillar for every 2.5 of China's 13.1 million new energy vehicles.

Cold weather is a problem, too, as it can make a battery's charging time longer and its range shorter. The reason China has not achieved 100% electrification for its buses is its northern regions, which have harsh winters, says Xue.

To make e-buses truly "green", they should also be charged with renewable power, Wang says. But last year coal power still accounted for 58.4% of China's energy mix, according to the China Electricity Council, a trade body..

Globally, however, China is now in a league of its own in uptake of e-buses. By 2018, about 421,000 of the world's 425,000 electric buses were located in China; Europe had about 2,250 and the US owned around 300. A

But earlier this year, the European Commission announced a zero-emission target for all new city buses by 2030. And some countries are increasing their overall funding for the transition.

In 2020, the European Commission approved Germany's plan to double its aid for e-buses to €650m (£558m/$707m), then again in 2021 to €1.25 billion euros (£1.07m/$1.3bn). And the UK, which last year had the largest electric bus fleet in Europe with 2,226 pure electric and hybrid buses, has announced another £129m ($164m) to help bus operators buy zero-emissions fleets.

Countries have thus responded to China's manufacturing lead in divergent ways. "While the US has opted for a more competitive angle by fostering its own e-bus production, regions like Latin America are more open to trade with China due to a more friendly trading setup through [China's] Belt and Road Initiative,"

In order to avoid direct competition from Chinese manufacturers, the US has come up with a "school-bus strategy", says Liu. The Chinese don't make the iconic yellow vehicles, so this could ignite American e-bus manufacturing and create a local industry chain, he suggests. Backed by the US Environmental Protection Agency's $5bn (£3.9bn) Clean School Bus Programme, the national effort has so far committed to providing 5,982 buses.

In contrast, many Latin American cities, such as the Colombian capital of Bogota and the Chilean capital of Santiago, are greening their traditional bus sectors with the help of Chinese manufacturers, who are the largest providers to the region. In 2020, Chile became the country that had the most Chinese e-buses outside of China, and this year Santiago's public transport operator announced it has ordered 1,022 e-buses from Beijing-based Foton Motor, the biggest overseas deal the firm had received.

Chinese manufacturers are likely to receive a lot more orders from Chile and its neighbours in this decade. According to latest research by the global C40 Cities network, the number of electric buses in 32 Latin American cities is expected to increase by more than seven times by 2030, representing an investment opportunity of over $11.3bn (£8.9bn)

In June 2023, BloombergNEF forecast half of the world's buses to be entirely battery-powered by 2032, a decade ahead of cars. And by 2026, 36% and 24% of municipal bus sales in Europe and the US, respectively, are expected to be EVs as they begin to catch up with China

To meet the global climate goals set by the Paris Agreement, simply switching the world's existing bus fleets might not be enough. According to ITDP, the cumulative greenhouse gas emissions from urban passenger transport globally must stay below the equivalent of 66 gigatonnes CO2 between 2020 and 2050 for the world to meet the 1.5C temperature goal. This emissions limit will only be possible when the world not only adopts electric buses, but goes through a broader shift away from private transport

"We can't just focus on [replacing] the buses that exist, we need to actually get many, many more buses on the streets," Thompson adds. She and her team estimate that the world would need about 10 million more buses through 2030, and 46 million more buses cumulatively through 2050, to make public transport good enough to have a shot at achieving the Paris Agreement. And all those buses will need to be electric.

In China therefore, even though EVs are being sold faster than ever, its central government has instructed cities to encourage public transport use, as well as walking and riding bikes.

In Wang's hometown, meanwhile, which has just over three million residents, the local government has gone one step further and made all bus rides free. All citizens need to do is to swipe an app, with no charge, to get onto the bus. "My aunt loves taking buses now," says Wang. "She says it is so convenient."

ban on assault weapons while attending the funeral of Ruth Whitfield, an 86-year-old killed in a mass shooting in Buffalo, New York, on 14 May. The attack at a supermarket in a predominantly black neighbourhood is believed to have been racially motivated. The teenaged suspect had also legally bought an AR-15-style weapon.

"He can't bring her back. He can't bring none of them back and nobody can," she told the BBC earlier on Sunday.

Why are these tiny pollinators so important to the world’s food supply? What will happen if all bees disappeared?What are some possible solutions to help prevent the decline of bees, according to the video?What remaining questions do you have about bees?

3. Look closely at the photos in the article: What story do they tell about Appleton or the No Mow May movement? Which image stands out to you most? Why?4. What animal and plant species have flourished since Appleton adopted the No Mow plan? How do these species compare with the kinds you observed in the warm-up activity?5. Why are some residents and communities not so happy about the initiative?

Imagine that your town or city is considering adopting a No Mow May plan and that you have been invited to speak at an upcoming community meeting. Make a passionate and reasoned case for or against the proposal. Be sure to present evidence to support your arguments. Anticipate possible counterarguments to your claims. Inform listeners why they should care about the issue. And consider how you can draw upon your own experiences with lawns as well as your distinct point of view as a teenager.

What moments in this film stood out for you? Why?What did you learn about the history of lawns, lawn mowers and how the dream of the ideal front lawn was created?Were there any surprises? Anything that challenged what you know — or thought you knew?What messages, emotions or ideas will you take away from this film? Why?What questions do you still have about the topic?Option 3: Learn more about bees — and contribute as a citizen scientist

80,000 Honey Bees Found in Wall of Shower (Also, 100 Pounds of Honey)Why Do Bees Buzz? (ScienceTake Video)How Bees Freshen Up (ScienceTake Video)Rise of the Worker Bees (ScienceTake Video)Bees Buzz for Their Supper (ScienceTake Video)

Still interested in bees? Want to help efforts to prevent the decline of bee populations in North America? Become a citizen scientist and learn how to help efforts to collect better data on native bee populations and to build more bee-friendly environments with collaborative projects like The Great American Bee Count, Bumble Bee Watch, the Beecology Project or the Great Sunflower Project.

artist’s statement that explains why you chose them and what they reveal about the lawns in your community. Additionally, where possible, include identifications for each plant and animal species you documented. (Free apps like Leafsnap, Picture Insect or iNaturalist could help.)

What is one environmental action you can take in your home or school community?Start by brainstorming a list of ideas. Here are some things you might consider:

Do you recycle at home or at school? What could make the process easier or clearer for people?Is composting available where you live? Is it accessible to everyone? What could make it more accessible?How much do people care about the environment and climate change where you live? Could you do something to educate your friends and family about why these issues matter?What else matters to your community when it comes to the environment?

Next, make a plan for putting your project into action. Here are some questions to think about:What are the materials you need to do this project? Where can you do research for it?

Finally, take action, and let us know how it goes! Once you’ve got a plan in place, or have started your project, share it in the comments section of this article.

From Papua New Guinea to Palau, the countries of the region have jurisdiction over an area of ocean three times as large as the continental United States, stretching from just south of Hawaii to exclusive economic zones butting up against Australia, Japan and the Philippines.

Chinese fishing fleets already dominate the seas between the area’s roughly 30,000 islands, seizing huge hauls of tuna while occasionally sharing intelligence on the movements of the U.S. Navy. If China can add ports, airports and outposts for satellite communications — all of which are edging closer to reality in some Pacific Island nations — it could help in intercepting communications, blocking shipping lanes and engaging in space combat.

Mr. Wang signed several new agreements, including a security deal that gives China the power to send security forces to quell unrest or protect Chinese investments, and possibly to build a port for commercial and military use.

Chinese officials deny that’s the plan. But the deal — along with others in the Solomons and Kiribati whose details have not been disclosed — has been made possible because of something else that’s visible and much-discussed in the Pacific: a longstanding lack of American urgency, innovation and resources.

“There’s a lot of talk,” said Sandra Tarte, the head of the government and international affairs department at the University of the South Pacific in Suva. “And not much real substance.”

The Yanks, it is often said, used to be more productive. Many of the airports and hospitals still in use across the Pacific were built by the United States and its allies during World War II.

“The United States doesn’t have a significant presence in the Pacific at all,” said Anna Powles, a senior lecturer in security studies at Massey University in New Zealand. “I’m always shocked that in Washington they think they have a significant presence when they just don’t.”

American officials point out that the United States does have big military bases in Guam, along with close ties to countries like the Marshall Islands. And in February, Antony J. Blinken became the first secretary of state in 36 years to visit Fiji, where he announced that the United States would reopen an embassy in the Solomon Islands and engage more on issues like illegal fishing and climate change.

Mr. Blinken said last week that “China is the only country with both the intent to reshape the international order and, increasingly, the economic, diplomatic, military and technological power to do it.” He promised that the United States would “shape the strategic environment around Beijing to advance our vision for an open and inclusive international system.”

The start-up embassy in the Solomons also looks less impressive on closer inspection. Replacing an embassy that closed in the 1990s during America’s post-Cold War withdrawal, the outpost will begin in leased office space with two U.S. staff members and five local hires.

The American Embassy, by contrast, sits on a hillside far from downtown Suva in a heavily fortified compound. It covers five nations (Fiji, Kiribati, Nauru, Tonga and Tuvalu), doesn’t have a full-time ambassador — President Biden nominated someone only last week — and is known for being understaffed.

Joseph Veramu, a former U.N. consultant who runs Integrity Fiji, which focuses on values like transparency, said in an interview in Suva that he had invited U.S. embassy officials to events five or six times in recent years. Only once did someone come — without saying much, and refusing to allow photos.

But what they do want, and what China seems better at providing right now, is consistent engagement and capacity building.

While the United States has shown off Coast Guard vessels it is using to police illegal fishing, China is planning to build maritime transportation hubs and high-tech law enforcement centers where Chinese officers can provide expertise and equipment.

“China has always maintained that big and small countries are all equals,” Mr. Xi, the Chinese leader, said in a written message to Pacific foreign ministers on Monday. “No matter how international circumstances fluctuate, China will always be a good friend.”

Clearly, China intends to keep emphasizing that friendship means building stuff and offering promises of prosperity, while expecting news censorship, resource access and security opportunities in exchange.

The pressing question in this part of the world is: What does friendship mean to America?

In 2006, the man’s remains were exhumed, but DNA extracted from his teeth yielded no match with a list of people Navy officials thought might be his descendants. With few leads, the scientist who conducted the DNA test, Jeremy Austin, told the Navy about an emerging technique that could predict a person’s ancestry and physical traits from genetic material.

In Australia, forensic scientists are repurposing the technique to help link missing persons with unidentified remains in the hope of resolving long-running mysteries. In the case of the sailor, Dr. Austin sent the sample to researchers in Europe, who reported back that the man was of European ancestry and most likely had red hair and blue eyes.

That alone wasn’t enough to identify the sailor, but it narrowed the search. “In a ship full of 645 white guys, you wouldn’t expect to see more than two or three with this pigmentation,”

This forensic tool, which has been slowly advancing since the mid-2000s, is similar to genetic tests that estimate risks for certain diseases. About five years ago, scientists with the Australian Federal Police began developing their own version of the technology, which combines genomics, big data and machine learning. It became available for use last year.

The predictions from DNA phenotyping — whether a person had, say, brown hair and blue eyes — will be brought to life by a forensic artist, combining the phenotype information with renderings of bone structure to generate a three-dimensional digital facial reconstruction.

“It’s an investigative lead we’ve never had before,”

In the United States, police departments have for years been using private DNA phenotyping services, like one from the Virginia-based Parabon NanoLabs, to try to generate facial images of suspects. The images are sometimes distributed to the public to assist in investigations.

Many scientists, however, are skeptical of this application of the technology. “You cannot do a full facial prediction right now,” said Susan Walsh, a professor of biology at Indiana University-Purdue University Indianapolis who developed some of the earliest phenotyping methods for eye and hair color. “The foundation of the genetics is absolutely not there.”

Facial image prediction has been condemned by human rights organizations, including the A.C.L.U., which suggest that it risks being skewed by existing social prejudices.

The same DNA was then linked to dozens of serious crimes across Western Europe, prompting a theory that the perpetrator was a serial offender from a traveling Roma community.It turned out that the recurring genetic material belonged to a female Polish factory worker who had accidentally contaminated the cotton swabs used to collect the samples.

“The families want any and all techniques applied to these cases if it’s going to help answer the question of what happened,” she said.

Such was the case with the mystery sailor. After his genotype was sequenced and his phenotype predicted, a team of scientists across several Australian institutions, including Dr. Ward’s program, used this information to track down a woman they believed to be a living relative of the soldier. They checked her DNA and had a match.

As it turns out, technology demand only increased and the Nasdaq had its best year since 2009, spurred on by low interest rates and a surge in spending on products for remote work.

“Companies that recently raised at very high prices at the height of valuation inflation may be grappling with high burn rates and near-term challenges growing into those valuations,” Shakir told CNBC in an email. “Others that were more dilution-sensitive and chose to raise less may now need to consider avenues for extending runway that would have seemed unpalatable to them just months ago.”

“Our companies heeded that advice and most companies are now prepared for winter,” Lux wrote.

“This time, many of those tools have been exhausted,” Sequoia wrote. “We do not believe that this is going to be another steep correction followed by an equally swift V-shaped recovery like we saw at the outset of the pandemic.”Sequoia told its companies to look at projects, research and development, marketing and elsewhere for opportunities to cut costs. Companies don’t have to immediately pull the trigger, the firm added, but they should be ready to do it in the next 30 days if needed.

And among companies that are still private, staff reductions are underway at Klarna and Cameo, while Instacart is reportedly slowing hiring ahead of an expected initial public offering. Cloud software vendor Lacework announced staffing cuts on Friday, six months after the company was valued at $8.3 billion by venture investors.“We have adjusted our plan to increase our cash runway through to profitability and significantly strengthened our balance sheet so we can be more opportunistic around investment opportunities and weather uncertainty in the macro environment,” Lacework said in a blog post.

Shakir agreed with that assessment. “Like many, we at Lux have been advising our companies to think long term, extend runway to 2+ years if possible, take a very close look at reducing burn and improving gross margins, and start to set expectations that near-term future financings are unlikely to look like what they may have expected six or 12 months ago,” she wrote.

Lux highlighted one of the painful decisions it expects to see. For several companies, the firm said, “sacrificing people will come before sacrificing valuation.”But venture firms are keen to remind founders that great companies emerge from the darkest of times. Those that prove they can survive and even thrive when capital is in short supply, the thinking goes, are positioned to flourish when the economy bounces back.

conditions.”CORRECTION: This story was updated to reflect that cloud software vendor Lacework raised $1.3 billion in growth funding at a valuation of $8.3 billion.

“As a venture-backed scale-up that will need to fundraise again in the future, we therefore need to adjust our business plan to reduce costs and accelerate our path to profitability.”

The recent raft of layoffs in the industry highlights a broader shift in investor sentiment toward high-growth tech companies, many of which have taken steps to cut down on costs recently against the backdrop of a sharp plunge in global stock markets. Earlier this week, buy now, pay later firm Klarna said it would lay off about 10% of staff following reports the company was seeking a new round of funding that would reduce its valuation by a third.

Meanwhile, New York start-ups Fridge No More and Buyk — which both raised money from Russian investors — wound down their operations after facing issues with fundraising after Russia’s invasion of Ukraine.

Earlier this month, London-based grocery service Jiffy said it would stop making deliveries and instead shift its focus toward in-person grocery collection, in a bid to convince investors that it can achieve profitability. The company has since announced plans to resume deliveries through a deal with Zapp.

The decision has to come this month “because of the time required for manufacturing the necessary doses,” three of FDA’s top officials – FDA Commissioner Robert Califf, vaccine expert Peter Marks and principal deputy commissioner Janet Woodcock – wrote in a paper published by the journal JAMA in May.Both Pfizer and Moderna are studying vaccines designed to combat omicron and other strains. However, data on the shots remains scarce.

Despite mounting anticipation for the decision, the percentage of parents who will get their young children vaccinated is likely to be low compared to other age groups. A survey from February found that 31% of parents of children in the age range will get their kid vaccinated right away if a vaccine is authorized.

Clinical data from Moderna’s shot is expected this month, according to the company. Moderna in April released findings to support its booster shot development strategy, but the data comes after research in animals suggested the omicron-specific shot might not provide additional protection. A study from scientists at the National Institutes of Allergy and Infectious Diseases’s Vaccine Research Center found that primates boosted with the original vaccine had similar levels of protection as monkeys who got an omicro

The Biden administration has warned of potential fall and winter surges infecting up to 100 million Americans as it gears up for a fall booster shot campaign, whether that is with an omicron-specific shot or not. The FDA authorized a fourth vaccine dose for people ages 50 and older in March, and expanding the shot to more age groups is under consideration.“Administering additional COVID-19 vaccine doses to appropriate individuals this fall around the time of the usual influenza vaccine campaign has the potential to protect susceptible individuals against hospitalization and death, and therefore will be a topic for FDA consideration,” the officials wrote.In fact, the officials said that coronavirus booster shots could be on their way to becoming a yearly occurrence.

It is time to “accept that the presence of SARS-CoV-2, the virus that causes COVID-19, is the new normal,” according to the officials.“It will likely circulate globally for the foreseeable future, taking its place alongside other common respiratory viruses such as influenza,” they wrote.But paying for the shots remains an issue for the Biden administration as Congress shows little appetite for approving more COVID-19 funding.

Latinos have maintained this type of edge despite generally having lower incomes, less access to health care and a greater prevalence of some chronic health issues, such as diabetes and obesity. Some researchers believe the life expectancy advantage is tied to the fact that many Latino immigrants to the U.S. are younger and healthier than many older Latinos, and have lower rates of smoking.

The researchers used projections of COVID-19 mortality to reach their conclusions, and a follow-up study arrived at similar findings. A CDC analysis showing provisional life expectancy estimates also pointed to a three-year drop in life expectancy for Latinos, and a shrinking gap between Latinos and whites.

Latino subgroups have an array of political and cultural differences. But one cultural norm that cuts across all groups is the primacy of family. Whatever country they’re descended from, it’s not uncommon for Latinos in the U.S. to live in multigenerational households that often include young children, their adult parents and a grandparent or grandparents.When young children and adults – many of whom are essential workers – live with elderly grandparents, “that increases the risk for the older people in the household,” says Dr. Luis Ostrosky, chief of the Division of Infectious Diseases at the McGovern Medical School at UTHealth Houston. “If the younger people in the household contract COVID-19, they may be OK, because younger people have stronger immune systems and tend to be healthier. Older people – who tend to be not as healthy and have chronic diseases – may become severely ill, with increased risk of hospitalization and mortality.”

“Once you put all those together, what you find is you have the disappearing of the Latino paradox,” Saenz says.While older Latinos have continued to have a higher rate of COVID-19 mortality than their white counterparts during each year of the pandemic, the difference in death rates has diminished over time. During the first year of the crisis, Latinos age 65 and older died of COVID-19 at 2.1 times the rate of older whites, Saenz and Garcia’s research shows. In 2021, older Latinos died at 1.6 times the rate of older whites, and into late April of this year, older Hispanics had died at 1.2 times the rate of older whites. Saenz attributes the narrowing difference to COVID-19 death rates among older whites in red states where vaccination rates are lower.

Transportation, language and employment. A study in 2020 from the UCLA Latino Policy & Politics Initiative found Latinos (and Blacks) in Los Angeles County and New York City were roughly twice as likely to die of COVID-19 as non-Hispanic whites as of July 20 of that year, and noted that carpooling or taking public transportation to work may raise the risk of coronavirus exposure. The study also found that 34% and 37% of the populations in Los Angeles County and New York City were foreign-born, respectively, with Latinos making up the largest share of that population in each area. Approximately 13% of the foreign-born do not speak English, according to the report, which poses a challenge to their obtaining important health information.

“A three-year reduction in life expectancy is huge in historical terms. We usually have not seen reductions this large except during times of war or major pandemics,” says Theresa Andrasfay, a postdoctoral scholar at the Leonard Davis School of Gerontology at USC and one of the PNAS study’s researchers. “Of course, it’s really sad to think about the individuals who died of COVID, but it also has broader implications for the family members of those who died.”COVID-19 has not only claimed the lives of many older Latinos, but many younger, working-age Latinos as well, leaving behind children, siblings, parents and grandparents who depended on them, Andrasfay says. She says she and other researchers are working on an update, tracking the effect of COVID-19 on life expectancy in 2021: “We’re finding a similar pattern (to 2020), with Latinos having the largest reduction in life expectancy.”

Though he wasn’t in the best of health, Salvador Macias, 83, enjoyed going to a neighborhood community center for senior activities in Long Beach, a beachside city about 25 miles south of downtown Los Angeles. He lived in a modest, tidy house with his wife, Manuela, and their adult daughter, Julie.Salvador suffered from three chronic health conditions: diabetes, high cholesterol and high blood pressure, says his son, Joe Macias.In August 2020 – four months before health care workers received the first COVID-19 vaccine – the elder Macias became ill with the disease, suffering from fatigue and severe shortness of breath. After several days, Salvador died at home. Manuela, who doesn’t have the chronic health conditions her husband had, also contracted COVID-19. She was hospitalized for a week, but survived.

“Part of what I hope to accomplish,” Mr. Kertzer said, “is to show how important a role Pius XII played.”

Mr. Kertzer makes the case that Pius XII’s overriding dread of Communism, his belief that the Axis powers would win the war, and his desire to protect the church’s interests all motivated him to avoid offending Hitler and Mussolini, whose ambassadors had worked to put him on the throne. The pope was also worried, the book shows, that opposing the Führer would alienate millions of German Catholics.

The book further reveals that a German prince and fervent Nazi acted as a secret back channel between Pius XII and Hitler, and that the pope’s top Vatican adviser on Jewish issues urged him in a letter not to protest a Fascist order to arrest and send to concentration camps most of Italy’s Jews.

“A more open protest would not have saved a single Jew but killed even more,” Michael Hesemann, who considers Pius XII a champion of Jews, wrote in response to the evidence revealed by Mr. Kertzer, whom he called “heavily biased.”

Since then, Vatican archivists recognize and, sometimes, encourage him.

On Oct. 16, 1943, Nazis rounded up more than a thousand of them throughout the city, including hundreds in the Jewish ghetto, now a tourist attraction where crowds feast on Jewish-style artichokes near a church where Jews were once forced to attend conversion sermons.

“They didn’t want to offend the pope,” Mr. Kertzer said. His book shows that Pius XII’s top aides only interceded with the German ambassador to free “non-Aryan Catholics.” About 250 were released. More than a thousand were murdered in Auschwitz.

One U.S. soldier, a Jew from Rome who had emigrated to America when Mussolini introduced Italy’s racial laws, asked Rabbi Kertzer if he could make an announcement to see if his mother had survived the war. The rabbi positioned the soldier at his side, and when the services started, a cry broke out and the G.I.’s mother rushed up to embrace her son.

At Brown University, his organizing against the Vietnam War nearly got him kicked out, and landed him in a jail cell with Norman Mailer. He stayed in school and became enamored with anthropology and with Susan Dana, a religion major from Maine.

In the early 1990s, an Italian history professor told him about Edgardo Mortara, a 6-year-old child of Jewish parents in Bologna. In 1858, the church Inquisitor ordered the boy seized because a Christian servant girl had possibly, and secretly, had him baptized, and so he could not remain in a Jewish family.

Mr. Kertzer argues that the unearthed documents paint a more nuanced picture of Pius XII, showing him as neither the antisemitic monster often called “Hitler’s Pope” nor a hero.

“Perhaps even they’re happy that some outsider is able to bring this to light because it’s awkward, perhaps, for some of them to do so,” he said.

The long and triumphant reign of its first emperor, Augustus, began a golden age of peace and prosperity;

As legend has it, Rome was founded in 753 B.C. by Romulus and Remus,

twin sons

Romulus became the first king of Rome,

Rome’s era as a monarchy ended in 509 B.C.

The power of the monarch passed to two annually elected magistrates called consuls. They also served as commanders in chief of the army.

Politics in the early republic was marked by the long struggle between patricians and plebeians (the common people), who eventually attained some political power through years of concessions from patricians

In 450 B.C., the first Roman law code was inscribed on 12 bronze tablets–known as the Twelve Tables–and publicly displayed in the Roman Forum.

By around 300 B.C., real political power in Rome was centered in the Senate, which at the time included only members of patrician and wealthy plebeian families.

During the early republic, the Roman state grew exponentially in both size and power

Rome then fought a series of wars known as the Punic Wars with Carthage, a powerful city-state in northern Africa. The first two Punic Wars ended with Rome in full control of Sicily, the western Mediterranean and much of Spain. In the Third Punic War (149–146 B.C.), the Romans captured and destroyed the city of Carthage and sold its surviving inhabitants into slavery, making a section of northern Africa a Roman province.

Rome’s military conquests led directly to its cultural growth as a society, as the Romans benefited greatly from contact with such advanced cultures as the Greeks.

The first Roman literature appeared around 240 B.C., with translations of Greek classics into Latin; Romans would eventually adopt much of Greek art, philosophy and religion.

Rome’s complex political institutions began to crumble under the weight of the growing empire, ushering in an era of internal turmoil and violence.

The gap between rich and poor widened as wealthy landowners drove small farmers from public land,

When the victorious Pompey returned to Rome, he formed an uneasy alliance known as the First Triumvirate

After earning military glory in Spain, Caesar returned to Rome to vie for the consulship in 59 B.C.

Caesar received the governorship of three wealthy provinces in Gaul beginning in 58 B.C.

In 49 B.C., Caesar and one of his legions crossed the Rubicon, a river on the border between Italy from Cisalpine Gaul

Consul Mark Antony and Caesar’s great-nephew and adopted heir, Octavian, joined forces to crush Brutus and Cassius and divided power in Rome with ex-consul Lepidus in what was known as the Second Triumvirate. With Octavian leading the western provinces, Antony the east, and Lepidus Africa, tensions developed by 36 B.C. and the triumvirate soon dissolved. In 31 B.C., Octavian triumped over the forces of Antony and Queen Cleopatra of Egypt (also rumored to be the onetime lover of Julius Caesar) in the Battle of Actium

To avoid meeting Caesar’s fate, he made sure to make his position as absolute ruler acceptable to the public by apparently restoring the political institutions of the Roman republic while in reality retaining all real power for himself. In 27 B.C., Octavian assumed the title of Augustus, becoming the first emperor of Rome.

By 29 B.C., Octavian was the sole leader of Rome and all its provinces.

Augustus’ rule restored morale in Rome after a century of discord and corruption and ushered in the famous pax Romana–two full centuries of peace and prosperity.

He instituted various social reforms, won numerous military victories and allowed Roman literature, art, architecture and religion to flourish.

When he died, the Senate elevated Augustus to the status of a god, beginning a long-running tradition of deification for popular emperors.

The decadence and incompetence of Commodus (180-192) brought the golden age of the Roman emperors to a disappointing end. His death at the hands of his own ministers sparked another period of civil war, from which Lucius Septimius Severus (193-211) emerged victorious.

Meanwhile, threats from outside plagued the empire and depleted its riches, including continuing aggression from Germans and Parthians and raids by the Goths over the Aegean Sea.

Diocletian divided power into the so-called tetrarchy (rule of four), sharing his title of Augustus (emperor) with Maximian. A pair of generals, Galerius and Constantius, were appointed as the assistants and chosen successors of Diocletian and Maximian; Diocletian and Galerius ruled the eastern Roman Empire, while Maximian and Constantius took power in the west.

The stability of this system suffered greatly after Diocletian and Maximian retired from office. Constantine (the son of Constantius) emerged from the ensuing power struggles as sole emperor of a reunified Rome in 324. He moved the Roman capital to the Greek city of Byzantium, which he renamed Constantinople. At the Council of Nicaea in 325, Constantine made Christianity (once an obscure Jewish sect) Rome’s official religion.

An entirely different story played out in the west, where the empire was wracked by internal conflict as well as threats from abroad–particularly from the Germanic tribes now established within the empire’s frontiers like the Vandals (their sack of Rome originated the phrase “vandalism”)–and was steadily losing money due to constant warfare.

Rome eventually collapsed under the weight of its own bloated empire, losing its provinces one by one:

In September 476, a Germanic prince named Odovacar won control of the Roman army in Italy.

After deposing the last western emperor, Romulus Augustus, Odovacar’s troops proclaimed him king of Italy, bringing an ignoble end to the long, tumultuous history of ancient Rome. The fall of the Roman Empire was complete.

Roman aqueducts, first developed in 312 B.C., enabled the rise of cities by transporting water to urban areas, improving public health and sanitation.

Roman cement and concrete are part of the reason ancient buildings like the Colosseum and Roman Forum are still standing strong today.

Roman arches, or segmented arches, improved upon earlier arches to build strong bridges and buildings, evenly distributing weight throughout the structure.

Roman roads, the most advanced roads in the ancient world, enabled the Roman Empire

to stay connected

At the opening of the plant, South Africa’s President Cyril Ramaphosa evoked the language of the independence movement as he spoke of the need to “shed those colonial chains” and become self-sufficient. “Africa should no longer go cap in hand to the Western world begging and begging for vaccines” he announced. “Africa should no longer be last in line.”

Now, spurred by the pandemic, Africa’s small but growing biotechnology sector is racing to catch up.

Africa remains the world’s least vaccinated continent, with barely 10 percent of its 1.3 billion inhabitants fully inoculated against the disease. Vaccine hesitancy has played a part, but Kagina says lack of access to vaccines is also a major factor. Since the first COVID-19 vaccines were approved in December 2020 there has been glaring inequity in the way they have been distributed.

Meanwhile, the African Union-sponsored Partnership for African Vaccine Manufacturing has brought together key stakeholders from across the continent to help streamline efforts. But Cape Town has emerged as something of a continental hub of COVID vaccine production.

The fiscal response to Covid-19 reinforced this point: Money is a tool of social decision-making, not an objective thing that you get through abstract merit.

the value of cryptocurrency is so clearly socially constructed: A Bitcoin was worth roughly nothing a decade ago, and roughly $41,000 today, solely because people collectively decided to ascribe value to Bitcoin.

money gets its value from people agreeing that it’s valuable.

As of Friday Russia had about $630 billion of foreign currency reserves, a large cushion designed to allow it to withstand economic sanctions and prop up the value of the ruble

But “foreign currency reserves” are not an objective fact; they are mostly a series of entries on lists maintained by foreign-currency issuers and intermediaries (central banks, correspondent banks, sovereign bond issuers, brokerages). 1  If those people cross you off the list, or put an asterisk next to your entry freezing your funds, then you can’t use those funds anymore.

The bulk of Russia’s foreign reserves are held in the form of securities, deposits at other central banks and deposits at foreign commercial banks. A ban on transactions with Russia’s central bank means that it can’t sell those securities or access those deposits.

Now you want something for yourself? OK, but that is going to be subtracted from the running total of how much you’ve done for the rest for us.

There is a lot to dislike, or at least to be uncomfortable with, in this situation.

But the response to the 2008 global financial crisis, and to its later European aftershocks, made it clear that something else was going on. Who has money and what they can do with it can be adjusted by the actions of central banks and national treasuries; banks can be bailed out; costs can be socialized.

it is also arguably bad for global prosperity: Trustworthy rules-based trade works better and produces more value than arbitrary uncertain trade.

But what I want to suggest is that this weekend’s actions are evidence that the basic structure is good. What I want to suggest is that society is good, that it is good for people (and countries) to exist in a web of relationships in which their counterparties can judge their actions and punish bad actions.

If money is socially constructed and property is contingent then money is a continuing, dynamic, ever-at-risk reward for prosocial behavior.

one of the ways I suggest students think about money is as a kind of social scorecard.

You did something good — made something somebody wanted, let somebody else use something you own, went to work and did everything the boss told you? Good for you, you get a cookie. Or more precisely, you get a credit, in both senses, in the personal record kept for you at a bank.

This is arguably bad for the dollar’s long-run dominance: Russia will develop its own ways around SWIFT, China will push other countries to adopt its digital yuan, everyone will use Bitcoin, etc

we have exactly this system already. The number is called a bank account. The difference is simply that we have so naturalized the system that “how much money you have” seems like simply a fact about you, rather than a judgment imposed by society.

Pervasive social credit systems seem dystopian, and you would not really want the U.S. government making day-to-day decisions about who deserves to keep their bank accounts.

But another idea is that money can insulate you from  the obligations of society, and that is also bad.

You get a claim on goods and services by being part of society, and having a big number next to your name on a list does not relieve you of your obligations. If you do something so outrageous that society as a whole decides you are a pariah, then money is a way for society to express that.

“This is a complete misrepresentation of the definition of abuse in the family code,” Christian Menefee, the Harris County attorney, said in an interview.

“We don’t believe that allowing someone to take puberty suppressants constitutes abuse,”

Governor Abbott’s effort to criminalize medical care for transgender youth is a new front in a broadening political drive to deny treatments that help align the adolescents’ bodies with their gender identities and that have been endorsed by major medical groups.

Arkansas passed a law making it illegal for clinicians to offer puberty blockers and hormones to adolescents and banning insurers from covering care. But the law was temporarily blocked by a federal judge in July after the American Civil Liberties Union sued on behalf of four families and two doctors.

Several such bills were also introduced in Texas. None passed.

She said that blocking gender-affirming care and forcing teenagers to go through the physical changes of puberty for a gender they don’t identify with was “inhumane.”

“Our nation’s leading pediatricians support evidence-based, gender-affirming care for transgender young people.”

A growing number of transgender adolescents have sought medical treatments in recent years. Transgender teenagers are at high risk for attempting suicide, according to the Centers for Disease Control and Prevention. Preliminary research has suggested that adolescents who receive such medical treatments have improved mental health.

“What is clear is that politicians should not be tearing apart loving families — and sending their kids into the foster care system — when parents provide recommended medical care that they believe is in the best interest of their child.”

“It’s designed to make parents scared,” he said. “It’s designed to make doctors scared for even facilitating gender-affirming health care.”

“Minors are prohibited from purchasing paint, cigarettes, alcohol, or even getting a tattoo,” Jonathan Covey, director of policy for the group Texas Values, said in an emailed statement. “We cannot allow minors or their parents to make life-altering decisions on body-mutilating procedures and irreversible hormonal treatments.”

Professional medical groups and transgender health experts have overwhelmingly condemned legal attempts to limit “gender-affirming” care and contend that they would greatly harm transgender young people.

“Gender-affirming care saved my life,” they said in a statement. “Trans kids today deserve the same opportunity by receiving the highest standard of care.”

What matters for Mearsheimer is not so much the imperialist competition of the 1890s and 1900s, but the great train-wreck that resulted, in 1914. What concerns him above all is how great power rivalry leads to war.

what Specter’s book allows us to do is to squarely locate Mearsheimer’s brand of “offensive” or “great power realism” within a history that goes back to the moment of high imperialism in the 1890s.

Specter focuses on the tradition of imperialist geopolitics that goes back to geographers like Friedrich Ratzel and naval theorists like Alfred Mahan, and descends from them to Karl Haushofer and Carl Schmitt in the 1930s and 1940s

It is important to emphasize, I think, that Mearsheimer is less a theorist or apologist for great power policy as such, than an analyst of why great power clashes lead to wars.

What Mearsheimer sees himself as doing, as far as I can tell, is to speak truth to power and to the public with a view to dialing back excessive ambition and avoiding ruinous competition.

I take issue with him in the New Statesman. Not principally on moral or ethical grounds, though I do find the naturalization of war abhorrent, but above all because I think Mearsheimer’s reified view of international politics effectively evacuates any subtle understanding of what statecraft actually consists of.

The theory we need here is not the logic of great power self-assertion, so much as the logic of great power self-destruction.

abstraction is a risky business and you have to get your abstraction “right”, otherwise you risk missing what is essential and engaging in a kind of callous and at times ludicrous reductionism.

Taking Mearsheimer’s account of great power politics for the real thing is, to my mind, a bit like confusing the anatomy of sex ed, with actual eroticism, or romance. It isn’t exactly wrong, but it entirely misses the point

the alarming thing is not so much the possibility that Mearsheimer offers justifications for what Putin has done, but, rather, the degree to which, in his reification of power relations, Mearsheimer’s thought seems to mirror Putin’s actions.

To call that kind of description an explanation begs the question. It is more like an analogue model. And that ought to be deeply alarming.

If for Putin as for Mearsheimer war really is just the extension of policy by other means, and if he was capable of taking this first step, where does this end?

The clarification comes after Russia opened a criminal inquiry into Meta on Friday because of the change in its hate speech policy

“I want to be crystal clear: Our policies are focused on protecting people’s rights to speech as an expression of self-defense in reaction to a military invasion of their country,” he wrote.

“The fact is, if we applied our standard content policies without any adjustments we would now be removing content from ordinary Ukrainians expressing their resistance and fury at the invading military forces, which would rightly be viewed as unacceptable. 

We will not tolerate Russophobia or any kind of discrimination, harassment or violence towards Russians on our platform.”