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Javier E

Extreme wealth has a deadening effect on the super-rich - and that threatens us all | G... - 0 views

www.theguardian.com/...uper-rich-devon-society-planet

wealth effects

shared by Javier E on 24 Jul 24 - No Cached
  • Extreme wealth can severely hamper enjoyment. As Michael Mechanic documents in his book, Jackpot, there are two groups of people who have to think about money all the time: the very poor and the very rich. Immense wealth possesses you just as much as you possess it: managing it becomes a full-time job. You don’t know whom to trust; you can start to imagine your friends aren’t friends at all; it can dominate and poison your family relationships. It can hollow you out, socially, intellectually and morally.
  • Great wealth flattens the world. If you can go anywhere and do anything, everything is over the horizon. You speed past the local and the particular, towards an endlessly escalating ideal of luxury: the better marina, the bigger yacht, the private jet, the super-home. The satisfaction horizon can retreat before you. Place has no meaning, other than as a setting that might impress the friends you no longer trust. But anyone who is impressed by money is not worth impressing.
  • I’ve met quite a few very rich people. Some are lively, curious and engaged, but among others I’ve repeatedly noticed the same thing: a dullness of spirit. There’s a sense that nothing is sufficiently stimulating to hold their attention, that they have lost their capacity for wonder
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  • For the fantasy of transcendence, of escape from connection with other lives, we are torching our life-support systems. We consent to the Earth-eating, soul-sucking mode of exploitation we call capitalism because we believe, quite wrongly, that we are all temporarily embarrassed millionaires. One day we too might live the affectless life of the ultra-rich.
  • Just as that boat owner scattered the dolphins, the very rich break up communities, deprive people of housing and threaten, ultimately, to drive us all out of the human climate niche – that is, the temperature range that enables us to flourish.
  • We should seek a wealth of community, of knowledge, of wonder, of life, of love: a wealth that does not impoverish others. We should seek not private luxury, but private sufficiency and public luxury.
  • Democracy, a fair distribution of resources, peace of mind and a habitable planet all depend on restraining the power of the very rich: their noise, their occupation of our common space, and their intrusion into all we hold dear.
Javier E

Paris Wanted a Green Olympics. Team USA Wants Air Conditioning. - WSJ - 0 views

www.wsj.com/...-usa-air-conditioning-f0b93ebf

air conditioning olympics US

shared by Javier E on 25 Jul 24 - No Cached
  • That’s not to say organizers are letting athletes slow-broil for three weeks. The Village here, located just north of Paris, was built with a cooling system that runs cold water through the floors, which officials say can reduce the ambient temperature by 10 to 20 degrees Fahrenheit and achieve a target range of 73 to 79 Fahrenheit. The effort is part of the hosts’ larger plan to make Paris the greenest Olympics in modern history, which includes measures such as reducing the number of vehicles by 40% from previous Games, building fewer new venues, and cutting the Games’ carbon footprint by half compared with the average of London 2012 and Rio 2016. 
  • But for those athletes who remain unconvinced and worry about their performance being derailed by sleeping in sweatbox apartments, Paris 2024 has made air conditioning units available for hire. And there are no gold medals for guessing which delegation leads the way. 
  • The 592-strong Team USA delegation isn’t risking the slightest discomfort. Every single U.S. room and some common areas have been equipped with portable A/C units, according to a spokesman for the U.S. Olympic & Paralympic Committee. The Americans will all be able to take on any Paris heat wave by hanging out in meat-locker conditions, even though temperatures over the next 10 days aren’t expected to top 90.
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  • Out of the 7,000 rooms in the Village, 2,500 have been supplied mobile air conditioning units at the teams’ requests, a Paris 2024 spokesman said
  • Keeping cool at all times is that much more important given the erratic schedules that some of the athletes here are facing, said Carroll, the Australian Olympic committee executive. Since many athletes’ events are at night, they’ll need to sleep during the hottest part of the day. So the decision to pay for air conditioners was a no-brainer.
  • But not everyone is all-in on A/C. Germany’s Olympic sports federation will have one of the larger contingents in the village with around 350 athletes. That includes 6-foot-7½-inch decathlon medal favorite Leo Neugebauer, who recently won the NCAA title competing for the Texas Longhorns in Austin, where air conditioning isn’t merely a suggestion—it’s a way of life.
  • When Germany asked its individual sport federations if they wanted to order air conditioning units for the athletes’ village, demand for frigid air was lukewarm, according to Olympic committee spokesman Michael Schirp.
  • “A total of 11 AC have been ordered. Eleven,” he wrote, adding an emoji of a face wearing sunglasses.
Javier E

Opinion | We're Asking the Wrong Question About Kamala Harris and Race - The New York T... - 0 views

www.nytimes.com/...kamala-harris-race.html

race identity blackness culture history

shared by Javier E on 25 Jul 24 - No Cached
  • Harris often mentions the South Asian half of her heritage, but in traditional American discourse, it feels off to categorize her as simply South Asian — like Aziz Ansari or Mindy Kaling — and leave it there. Yet calling her just Black, as a kind of shorthand, feels right. Blackness is treated as blacking out, so to speak, whatever other race is involved. Most people default to this perspective — myself included.
  • This approach contradicts not just logic, but also itself. In contrast to the centuries-old “one-drop rule” that segregationists have invoked to describe the indelible ancestral stain of so-called Black blood, enlightened people are supposed to believe that race is purely a social construct, with no biological basis. If so, then why does having some Black forebears make you Black, regardless of the rest of the family tree?
  • I’ve fielded questions from people from France to Japan about why Obama is considered Black, rather than both Black and white. The question always feels naïve to me at first, but if you imagine stepping outside our particular national framework, it’s the foreigner who is making sense and the American version that is weird.
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  • Today, those who express different ideas about racial identity often encounter serious resistance. When Tiger Woods, the child of two mixed-race people, announced himself to be “Cablinasian” — as a combination of Caucasian, Black, American Indian and Asian — he was mocked as not knowing who he is. The writer Thomas Chatterton Williams encountered skepticism when he said he couldn’t see his blond, blue-eyed child as Black.
  • all signs indicate that my children are growing up in a world that’s very different from the one I grew up in. I experienced plenty of passing instances of racism, even as a student at fancy private schools. But it’s been a half century now. Experiences of the kind Harris has recounted, of suburban white kids whose parents told them not to play with her because she was Black, have been alien to my girls so far.
  • If someday they decide not to define themselves as Black, it will not be because they are ashamed or in some kind of denial. It will be because the world has changed, and we should be thankful for that.
  • American discourse is, happily, becoming more amenable to the idea that a person who is half Black can be two things rather than just one
  • What is most important is that Harris, Obama and other people of mixed racial heritage can now get as far as they have. As for our habit of processing Blackness as foundational — much as Strom Thurmond did — it will be ever more absurd as the races mix further over the coming generations. On this custom, history will look upon us in puzzlement.
Javier E

What Gives Poor Kids a Shot at Better Lives? Economists Find an Unexpected Answer - WSJ - 0 views

www.wsj.com/...-community-employment-3eeef1c3

poor employment income research economics social mobility mobility social

shared by Javier E on 27 Jul 24 - No Cached
  • For all our divisions, Americans have been united by a singular obsession: How can we have a better life? Economists call this economic mobility—the ability to move up the income ladder and make it to a higher rung than your parents.
  • Harvard University economist Raj Chetty has spent more than a decade working to understand what makes mobility possible, and why in some places the children of poor parents have been more able to move up than in others.
  • Using anonymized census and tax data, Chetty and his fellow researchers have been able to follow millions of Americans from childhood into adulthood. The data showed that even in neighborhoods bordering one another, outcomes for poor children can be vastly different.
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  • Analyzing data covering a near universe of Americans born from 1978 to 1992, the researchers found that when employment among the poor parents of children in a community improves, those children are better off economically as adults
  • it doesn’t rely on whether a child’s own parents are employed: Outcomes also improve for children who simply grow up in a neighborhood where more parents have jobs. In other words, their own parents might be unemployed, but if their schoolmates’ parents work, their outcomes will be better.
  • : In places where parental employment deteriorates, the opposite happens—children do worse as adults.
  • “Growing up in a community where employment rates are higher for people in your race and class—if those employment rates are higher, the kids who grew up in those environments do better in the long run,”
  • For poor white children born in 1978, vast swaths of the U.S. were a land of opportunity. Apart from some areas, such as Appalachia and Rust Belt areas of Michigan and Ohio, these children overall had a good chance of making it to a higher rung on the income ladder than their parents. 
  • For poor white children born in 1992, the map was more constrained. While some parts of America, such as the upper Midwest, remained bastions of opportunity, much of the U.S. did worse. Children with parents at the 25th percentile who grew up in Milwaukee had lower income when they turned 27 in 2019—an inflation-adjusted $30,619—than their older counterparts had.
  • But poor Black children born in 1992 who grew up in Kent County did better. On average, a Black child at the 25th percentile in that birth cohort had inflation-adjusted household income of $23,547 at age 27, or 38% more than their 1978 counterpart. 
  • In contrast to the environment for poor white children, few places in America provided poor Black children born in 1978 much opportunity for advancement.
  • Kent County, Mich., is a little more than 100 miles directly east of Milwaukee, and home to Grand Rapids, another old-line manufacturing city. Black children born to parents at the 25th percentile by income in 1978 who grew up in Kent had an average household income of $17,029 at age 27. That put them at the 28th percentile by income, leaving them on essentially the same rung as their parents.
  • This dynamic, playing out across the country, led to a significant widening of the income gap between poor and well-off white children. A white child born to parents at the 25th percentile in 1978 made, on average, an inflation-adjusted $10,383 less at age 27 than a child born to parents at the 75th percentile. But for children born in 1992, that income difference was 27% larger at $13,202.
  • One thing that changed for poor white children compared with poor Black children was the relative share of their parents who were employed. 
  • In Milwaukee County, for example, the share of the parents of low-income white children who were employed went from 69.1% for children born in 1978 to 55.6% for children born in 1992—a 13.5 percentage point decline. Those employment declines were likely driven by the loss of more than a third of the county’s manufacturing jobs during those years. Children born at the 25th percentile in 1992 reached the 44th percentile on average, 4 percentage points lower than those born in 1978.
  • And this pattern of falling parental employment and worsening outcomes repeated itself across much of the country. In counties where employment rates among poor white parents fell sharply, such as Philadelphia County, Pa., the income ranks of poor white children in adulthood fell too. Mobility tended not to deteriorate as much for poor white children growing up in counties such as Sumner, Tenn., where parental employment held up better.
  • the experience in Kent was the general pattern across the country, with employment rates for the parents of poor Black children falling less than their poor white counterparts, or gaining. And as was the case with poor whites, the new research finds that changes in parental employment rates in a community were strongly associated with changes in children’s outcomes.
  • the researchers emphasize that it is not a zero-sum game, with mobility for poor Black people improving only because mobility for poor white people is falling: Indeed, places where opportunity for Black children improved most are also where white children did best.
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