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U.S. Imposes New Sanctions Over Iran Missile Tests - The New York Times - 0 views

  • U.S. Imposes New Sanctions Over Iran Missile Tests
  • he Obama administration announced Sunday that it was imposing new, more limited sanctions on some Iranian citizens and companies for violating United Nations resolutions against ballistic missile tests.
  • after a Swiss plane carrying Americans freed by the Iranian authorities departed Tehran.
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  • The release of the Americans came a day after Iran and the United States concluded delicate negotiations on a prisoner exchange tied indirectly to the completion of a nuclear agreement.
  • “We have a rare chance to pursue a new path, a different, better future that delivers progress for both our peoples and the wider world,” said Mr. Obama,
  • But Mr. Obama vowed to continue monitoring Iran’s nuclear program to ensure it does not cheat and said he would work to restrain any aggressive behavior by Iran, including terrorist activity and human rights abuses.
  • new sanctions on those involved with Iran’s recent ballistic missile tests conducted in violation of United Nations restrictions, but he did not elaborate or dwell on that dispute.
  • optics of the back-to-back sanctions announcements might seem to suggest that Washington was imposing new measures to make up for those that were lifted Saturday, they are actually nowhere near comparable.
  • The action taken Saturday allowed Iran to re-enter the world’s oil markets;
  • The new sanctions are mostly aimed at individuals and some small companies accused of shipping crucial technologies to Iran,
  • in addition to the completion of the nuclear deal and the prisoner swap, the United States and Iran had resolved a three-decade-old financial dispute.
  • Iran’s president, Hassan Rouhani, did not address the prisoner swap on Sunday. At a news conference, he said that since the sanctions were lifted, the door had opened for foreign investments in the country, even by American companies.
Javier E

The Guardian view on the Panama Papers: secret riches and public rage | Editorial | Opi... - 0 views

  • what has also broken out of the vaults of offshore legal specialists Mossack Fonseca is one over-riding sense. The sense that normal rules do not apply to the global elite. In a new gilded age, taxes would – once again – appear to be for the little people.
  • the understanding of what had gone wrong in the first place has steadily shifted. Initially, there was almost no understanding at all: baffling news reports about credit default swaps suggested only sorcery going wrong. Slowly but surely, however, the world has learned that the banks that busted the global economy were also consumed with old-fashioned skulduggery: rigging rates, ripping off customers, and laundering Mexican drug money. Courtesy of the Lux tax leaks on sweetheart corporate deals, and the HSBC files, documenting Swiss lockers stacked with bricks of cash, the world learned much more, too, about the tax-dodging lengths that private wealth will go to in order to keep public coffers empty.
  • The people, then, will be sceptical about how the elite responds to the revelations. The UK government will, rightly, be expected to translate some impressive rhetoric on avoidance into reality. Declarations of resolve must now come backed with resources, unlike the recent Channel Island campaign which the HMRC has scaled back because of a lack of resources. Mr Cameron’s 2013 promise of openness must now be imposed on British tax havens, on pain of withdrawing dependency status. The register of beneficial ownership is welcome, but must come coupled with a serious checking mechanism, which – for the moment – is lacking.
Javier E

The Tiny Swiss Company That Thinks It Can Help Stop Climate Change - The New York Times - 0 views

  • The scientist and historian Vaclav Smil called Haber-Bosch “the most important technical invention of the 20th century.” Bosch had effectively removed the historical bounds on crop yields, so much so that he was widely credited with making “bread from air.” By some estimates, Bosch’s work made possible the lives of more than two billion human beings over the last 100 years.
  • They depend on electric fans to pull air into the ducts and over a special material, known as a sorbent, laced with granules that chemically bind with CO₂; periodic blasts of heat then release the captured gas from the sorbent, with customized software managing the whole catch-and-release cycle.
  • “The first thing they said was: ‘This will never work technically.’ And finally in 2017 we convinced them it works technically, since we built the big plant in Hinwil. But once we convinced them that it works technically, they would say, ‘Well, it will never work economically.’ ”For the moment, skeptics of Climeworks’s business plan are correct: The company is not turning a profit.
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  • it faces the same daunting task that confronted Carl Bosch a century ago: How much can it bring costs down? And how fast can it scale up
  • They believe that over the next seven years they can bring expenses down to a level that would enable them to sell CO₂ into more lucrative markets. Air-captured CO₂ can be combined with hydrogen and then fashioned into any kind of fossil-fuel substitute you want. Instead of making bread from air, you can make fuels from air.
  • What Gebald and Wurzbacher really want to do is to pull vast amounts of CO₂ out of the atmosphere and bury it, forever, deep underground, and sell that service as an offset
  • companies like Climeworks face a quandary: How do you sell something that never existed before, something that may never be cheap, into a market that is not yet real?
  • It’s arguably the case, in fact, that when it comes to reducing our carbon emissions, direct air capture will be seen as an option that’s too expensive and too modest in impact. “The only way that direct air capture becomes meaningful is if we do all the other things we need to do promptly,” Hal Harvey, a California energy analyst who studies climate-friendly technologies and policies, told me
  • In short, the best way to start making progress toward a decarbonized world is not to rev up millions of air capture machines right now. It’s to stop putting CO₂ in the atmosphere in the first place.
  • If the nations of the world were to continue on the current track, it would be impossible to meet the objectives of the 2016 Paris Agreement, which set a goal limiting warming to 2 degrees Celsius or, ideally, 1.5 degrees. And it would usher in a world of misery and economic hardship. Already, temperatures in some regions have climbed more than 1 degree Celsius, as a report by the Intergovernmental Panel on Climate Change noted last October. These temperature increases have led to an increase in droughts, heat waves, floods and biodiversity losses and make the chaos of 2 or 3 degrees’ additional warming seem inconceivable
  • A further problem is that maintaining today’s emissions path for too long runs the risk of doing irreparable damage to the earth’s ecosystems — causing harm that no amount of technological innovation can make right. “There is no reverse gear for natural systems,” Harvey says. “If they go, they go. If we defrost the tundra, it’s game over.” The same might be said for the Greenland and West Antarctic ice sheets, or our coral reefs. Such resources have an asymmetry in their natural architectures: They can take thousands or millions of years to form, but could reach conditions of catastrophic decline in just a few decades.
  • To have a shot at maintaining a climate suitable for humans, the world’s nations most likely have to reduce CO₂ emissions drastically from the current level — to perhaps 15 billion or 20 billion metric tons per year by 2030; then, through some kind of unprecedented political and industrial effort, we need to bring carbon emissions to zero by around 2050
  • To preserve a livable environment we may also need to extract CO₂ from the atmosphere. As Wurzbacher put it, “if you take all these numbers from the I.P.C.C., you end up with something like eight to 10 billion tons — gigatons — of CO₂ that need to be removed from the air every year, if we are serious about 1.5 or 2 degrees.
  • Through photosynthesis, our forests take extraordinary amounts of carbon dioxide from the atmosphere, and if we were to magnify efforts to reforest clear-cut areas — or plant new groves, a process known as afforestation — we could absorb billions more metric tons of carbon in future years.
  • we could grow crops specifically to absorb CO₂ and then burn them for power generation, with the intention of capturing the power-plant emissions and pumping them underground, a process known as bioenergy with carbon capture and storage, or BECCS
  • Ever since the Industrial Revolution, human societies have produced an excess of CO₂, by taking carbon stores from deep inside the earth — in the form of coal, oil and gas — and from stores aboveground (mostly wood), then putting it into the atmosphere by burning it. It has become imperative to reverse the process — that is, take CO₂ out of the air and either restore it deep inside the earth or contain it within new surface ecosystems.
  • “It’s not about saying, ‘I want to plant a tree.’ It’s about saying, ‘We want to plant a billion trees.’
  • “We have to come to grips with the fact that we waited too long and that we took some options off the table,” Michael Oppenheimer, a Princeton scientist who studies climate and policy, told me. As a result, NETs no longer seem to be just interesting ideas; they look like necessities. And as it happens, the Climeworks machines on the rooftop do the work each year of about 36,000 trees.
  • air capture could likewise help counter the impact of several vital industries. “There are process emissions that come from producing iron and steel, cement and glass,” she says, “and any time you make these materials, there’s a chemical reaction that emits CO₂.” Direct air capture could even lessen the impacts of the Haber-Bosch processes for making fertilizer; by some estimates, that industry now accounts for 3 percent of all CO₂ emissions.
  • Wind and solar are now the cheapest forms of energy in the right locations,” Pacala says. “The return on those investments, if you calculated it, would blow the doors off anything in your portfolio. It’s like investing in early Apple. So it’s a spectacular story of success. And direct air capture is precisely the same kind of problem, in which the only barrier is that it’s too costly.”
  • what all the founders have in common is a belief that the cost of capturing a ton of carbon will soon drop sharply.
  • M.I.T.’s Howard Herzog, for instance, an engineer who has spent years looking at the potential for these machines, told me that he thinks the costs will remain between $600 and $1,000 per metric ton
  • He points out that because direct-air-capture machines have to move tremendous amounts of air through a filter or solution to glean a ton of CO₂ — the gas, for all its global impact, makes up only about 0.04 percent of our atmosphere — the process necessitates large expenditures for energy and big equipment. What he has likewise observed, in analyzing similar industries that separate gases, suggests that translating spreadsheet projections for capturing CO₂ into real-world applications will reveal hidden costs. “I think there has been a lot of hype about this, and it’s not going to revolutionize anything,
  • Climeworks’s current goal is to remove 1 percent of the world’s annual CO₂ emissions by the mid 2020s.
  • “Basically, we have a road map — $600, down to $400, down to $300 and $200 a ton,” Wurzbacher said. “This is over the next five years. Down to $200 we know quite well what we’re doing.” And beyond $200, Wurzbacher suggested, things get murkier.
  • To actually capture 1 percent of the world’s carbon emissions by 2025 would, by Gebald’s calculations, require that Climeworks build 250,000 carbon-capture plants like the ones on the roof at Hinwil. That adds up to about 4.5 million carbon collectors
  • The Climeworks founders therefore try to think of their product as the automotive industry might — a piece of mass-produced technology and metal, not the carbon they hope to sequester.
  • “Every CO₂ collector has about the same weight and dimensions of a car — roughly two tons, and roughly 2 meters by 2 meters by 2 meters,” Gebald said. “And all the methods used to produce the CO₂ collectors could be well automated. So we have the automotive industry as a model for how to produce things in large quantities for low cost.
  • n 1954, the economist Paul Samuelson put forward a theory that made a distinction between “private-consumption goods” — bread, cars, houses and the like — and commodities that existed apart from the usual laws of supply and demand.
  • the other type of commodity Samuelson was describing is something now known as a “public good,” which benefits everyone but is not bought, sold or consumed the same way
  • direct air capture’s success would be limited to the size of the market for private goods — soda fizz, greenhouse gas — unless governments decided to intervene and help fund the equivalent of several million (or more) lighthouses.
  • An intervention could take a variety of forms. It could be large grants for research to find better sorbent materials, for instance, which would be similar to government investments that long ago helped nurture the solar- and wind-power industries. But help could also come by expanding regulations that already exist.
  • The Climeworks founders told me they don’t believe their company will succeed on what they call “climate impact” scales unless the world puts significant prices on emissions, in the form of a carbon tax or carbon fee.
  • “Our goal is to make it possible to capture CO₂ from the air for below $100 per ton,” Wurzbacher says. “No one owns a crystal ball, but we think — and we’re quite confident — that by something like 2030 we’ll have a global average price on carbon in the range of $100 to $150 a ton.” There is optimism in this thinking
  • A company that sells a product or uses a process that creates high emissions — an airline, for instance, or a steel maker — could be required to pay carbon-removal companies $100 per metric ton or more to offset their CO₂ output. Or a government might use carbon-tax proceeds to directly pay businesses to collect and bury CO₂.
  • “It doesn’t cost too much to pump CO₂ underground,” Stanford’s Sally Benson says. Companies already sequester about 34 million metric tons of CO₂ in the ground every year, at a number of sites around the world, usually to enhance the oil-drilling process. “The costs range from $2 to $15 per ton. So the bigger cost in all of this is the cost of carbon capture.”
  • The weekend before, Gutknecht told me, he received 900 unsolicited inquiries by email. Many were from potential customers who wanted to know how soon Climeworks could bury their CO₂ emissions, or how much a machine might cost them.
  • A Climeworks app could be installed on my smartphone, he explained. It could then be activated by my handset’s location services. “You fly over here to Europe,” he explained, “and the app tells you that you have just burned 1.7 tons of CO₂. Do you want to remove that? Well, Climeworks can remove it for you. Click here. We’ll charge your credit card.
  • The vast and constant market demand for fuel is why Carbon Engineering has staked its future on synthetics. The world currently burns about 100 million barrels of oil a day.
  • “So let’s say you’d have to supply something like 50 million barrels a day in 2050 of fuels,” he said. “That’s still a monster market.”
  • Carbon Engineering’s chief executive, added that direct-air-capture synthetics have an advantage over traditional fossil fuels: They won’t have to spend a dime on exploration
  • our plants, you can build it right in the middle of California, wherever you have air and water.” He told me that the company’s first large-scale facility should be up and running by 2022, and will turn out at least 500 barrels a day of fuel feedstock — the raw material sent to refineries.
  • Climeworks recently joined a consortium of European countries to produce synthetic methane that will be used by a local trucking fleet. With different tweaks and refinements, the process could be adapted for diesel, gasoline, jet fuel — or it could be piped directly to local neighborhoods as fuel for home furnaces.
  • the new fuels are not necessarily cheaper. Carbon Engineering aspires to deliver its product at an ultimate retail price of about $1 per liter, or $3.75 per gallon. What would make the product competitive are regulations in California that now require fuel sellers to produce fuels of lower “carbon intensity.” To date this has meant blending gas and diesel with biofuels like ethanol, but it could soon mean carbon-capture synthetics too.
  • Since they’re made from airborne CO₂ and hydrogen and could be manufactured just about anywhere, they could rearrange the geopolitical order — tempering the power of a handful of countries that now control natural-gas and oil markets.
  • From an environmental standpoint, air-capture fuels are not a utopian solution. Such fuels are carbon neutral, not carbon negative. They can’t take CO₂ from our industrial past and put it back into the earth
  • Even so, these fuels could present an enormous improvement. Transportation — currently the most significant source of emissions by sector in the United States — could cease to be a net emitter of CO₂
  • “If you can do one carbon-capture facility, where Carbon Engineering or Climeworks can build a big plant, great. You need to do that 5,000 times. And to capture a million tons of CO₂ with direct air capture, you need a small power plant just to run that facility. So if you’re going to build one direct-air-capture facility every day for the next 30 years to get to some of these scenarios, then in addition, we have to build a new mini power plant every day as well.
  • It’s also the case that you have to address two extraordinary problems at the same time, Peters added. “To reach 1.5 degrees, we need to halve emissions every decade,” he said. That would mean persuading entire nations, like China and the United States, to switch from burning coal to using renewables at precisely the same time that we make immense investments in negative-emission technologies.
  • this would need to be done even as governments choose among competing priorities:
  • “The idea of bringing direct air capture up to 10 billion tons by the middle or later part of the century is such a herculean task it would require an industrial scale-up the likes of which the world has never seen,”
  • Pacala wasn’t pessimistic about making a start. He seemed to think it was necessary for the federal government to begin with significant research and investments in the technology — to see how far and fast it could move forward, so that it’s ready as soon as possible
  • Gebald and Wurzbacher seemed to regard the climate challenge in mathematical terms. How many gigatons needed to be removed? How much would it cost per ton? How many Climeworks machines were required? Even if the figures were enormous, even if they appeared impossible, to see the future their way was to redefine the problem, to move away from the narrative of loss, to forget the multiplying stories of dying reefs and threatened coastlines — and to begin to imagine other possibilities.
Javier E

Andrew Sullivan: The Vatican's Corruption Has Been Exposed - 0 views

  • the book did not surprise me, as such, but it still stunned, shocked, and disgusted me. You simply cannot unread it, or banish what is quite obviously true from your mind
  • It helps explain more deeply the rants of Pope Francis about so many of his cardinals, especially his denunciations of “Pharisees” and “hypocrites,” with their sexual amorality and their vast wealth and power. “Behind rigidity something always lies hidden; in many cases, a double life,”
  • The only tiny consolation of the book is the knowledge that we now have a pope — with all his flaws — who knows what he’s dealing with, and has acted, quite ruthlessly at times, to demote, defrock, or reassign the most egregious cases to places where they have close to nothing to do
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  • And if you want to understand the ferocity of the opposition to him on the Catholic right, this is the key. His most determined opponents are far-right closet cases, living in palaces, leading completely double lives, backed by the most vicious of reactionaries and bigots on the European and American far right
  • As a secular gay journalist, not hostile to the church, he walked into the Vatican and was simply staggered by its obvious gayness.
  • (Lepore hazards a guess that 80 percent of the Vatican’s population is gay.
  • as Martel probes deeper and deeper, one theme emerges very powerfully: “Homosexuality spreads the closer one gets to the holy of holies; there are more and more homosexuals as one rises through the Catholic hierarchy. The more vehemently opposed a cleric is to gays, the stronger his homophobic obsession, the more likely it is that he is insincere, and that his vehemence conceals something.”
  • it’s highly predictable that John Paul II’s pontificate, which launched a new war on homosexuals, turns out to be the gayest of them all — and the one most resistant to any inquiry into stories of sex abuse
  • Ratzinger, (the future Pope Benedict XVI) personally received notification of every claim of sex abuse in the church under John Paul II, ignoring most, and made the stigmatization and persecution of sane, adjusted non-abusive gay people across the globe his mission instead. There wasn’t a theological dissident he didn’t notice and punish, but barely a single pedophile he found reason to expose
  • Martel explains how two of John Paul II’s favorite cardinals — whose nicknames within the Vatican are Platinette (after a drag queen) and La Mongolfiera — set up an elaborate and elite prostitution service that continued through the papacy of Benedict XVI, and was financed from the Vatican coffers.
  • He notices simple things that some might call innuendo, but any gay man will instantly recognize, like the fabulous interiors of the gay cardinals’ palaces, always with their “assistants” or young “relative” on hand
  • take Martel’s interaction with the Swiss Guards, one of whom vents: “The harassment is so insistent that I said to myself that I was going straight home. Many of us are exasperated by the usually rather indiscreet advances of the cardinals and bishops.”
  • Or the prostitutes who keep elaborate records of their clients, and have already caused huge scandals in Italy.
  • Or a confessor-priest in Saint Peter’s who guides Martel into the Vatican with the words: “Welcome to Sodoma.”
  • If you want to find a figure who crystallizes all this hypocrisy in the narrative, it would be the late Colombian cardinal, Alfonso López Trujillo, tasked by John Paul II in the 1970s to rid Latin America of liberation theology, and then to launch a global crusade against homosexuality and the use of condoms
  • Trujillo’s own master of ceremonies on these trips tells us: “López Trujillo travelled with members of the paramilitary groups … He pointed out the priests who were carrying out social actions in the barrios and the poorer districts. The paramilitaries identified them and sometimes went back to murder them. Often they had to leave the region or the country.”
  • “López Trujillo beat prostitutes; that was his relationship with sexuality. He paid them, but they had to accept his blows in return. It always happened at the end, not during the physical act. He finished his sexual relations by beating them, out of pure sadism.”
  • if the Catholic right wants to weaponize the book, they’ll have to take on their own icons, John Paul II and Benedict XVI, and a whole range of their closest allies in the church.
  • what was Trujillo’s task in Rome? You guessed it: president of the Pontifical Council for the Family! This was the figure who spearheaded the war on gays in the 1980s and 1990s, who forbade the use of condoms, who spread the lie that condoms don’t protect anyone from HIV. And yet when he died, Benedict XVI gave the homily at the funeral mass.
  • It is even transphobic, I am now informed, for a gay man not to want to sleep with a trans man who has a vagina. In response to my recent column on the subject, I was told by Sue Hyde, a woman who is at the very heart of the LGBTQIA++ movement, to, yes, give it a try:
  • And the core thesis of the book — which is that it is the hypocrisy of the closet that is the real problem — is not one the right will be able easily to absorb.
  • Critically, Martel reaches the same conclusion I did recently — the omertà of the closet was a core reason for sex abuse
  • Gay priests felt unable to report pedophiles or abusers or hypocrites because they too could be outed by the abusers and forced out
  • When Trujillo was promoted to Rome, the reckless excesses went into overdrive. A Curia source tells Martel: “Everyone knew that he was homosexual. He lived with us, here, on the fourth floor of the Palazzo di San Calisto, in a 900-square-metre apartment, and he had several cars! Ferraris! He led a highly unusual life.”
  • There can be no meaningful reform until this closet is ended, and the whole sick, twisted syndrome is unwound.
  • only a radical change will help. Ending mandatory celibacy is no longer an option
  • Women need to be brought in to the full sacramental life of the church. Gay men need to be embraced not as some manifestation of “intrinsic moral evil” but as human beings made in the image of God
  • Francis is nudging the church toward this more humane and Christian future, but the more he does so, the more fervently this nest of self-haters and bigots will try to destroy him.
  • Everything I was taught growing up — to respect the priests and hierarchs, to trust them, to accept their moral authority — is in tatters.
  • the last drops of moral authority the Vatican might hope to have evaporate with this book. It is difficult to express the heartbroken rage so many of us in the pews now feel.
  • It tells you a lot about the LGBTQIA++ movement that it’s now lost Martina Navratilova.
  • A pioneering open lesbian who had an openly transgender coach in her glory years, who did more for gay visibility than any gay group ever has, is now being disowned by Athlete Ally, a New York–based organization that supports LGBT athletes
  • She argued in an op-ed that a trans woman who started out in life as male has an unfair advantage in sports over women who have never biologically male. For this, her comments have been condemned as “transphobic, based on a false understanding of science and data, and perpetuate dangerous myths that lead to the ongoing targeting of trans people.”
  • The truth, of course, is that the science is firmly behind Navratilova.
  • If you take this argument seriously — that biology is entirely a function of gender identity — then the whole notion of separate male and female sports events is in doubt
  • denying reality is stupid, can easily backfire, and will alienate countless otherwise sympathetic people
  • if the Equality Act were to pass — a priority for Nancy Pelosi — it would be illegal to bar a trans woman from competing against biological females, as it is already in many states.
  • There is no “gay lobby.” There is a “honeycomb of closets,” often insulated from each other, built on deception and self-hatred, that amounts to a system where protecting the image of the church became far more important than saving children from rapists.
  • Maybe. Or maybe I’ll sleep with whomever I want — you know, something we used to call sexual freedom.
  • Once upon a time, the religious right would tell me that I should sleep with women because I might find the right one and finally be happy. Now the intersectional left is telling me something almost exactly the same. What has happened to this movement? Where on earth has it gone?
  • Smollett was dumb and incompetent in his elaborate hoax. But he was smart about one thing. The most noble thing in our current culture is victimhood
  • Smollett aimed for the jackpot — physically attacked for being gay and black by Trump supporters
  • so all good liberals instinctively and with good intentions believed him, embraced him
  • His identity as gay and black rendered him instantly innocent, just as the Covington boys’ whiteness rendered them instantly guilty.
  • Booker, Harris, Pelosi: They’ll never apologize for their rush to judgment. This may not have been “precisely, factually, and semantically correct,” you see, but it was morally true.
  • Believe Jussie. Just believe. He may have made up an entire story, but “he’s not lying.”
Javier E

What Explains U.S. Mass Shootings? International Comparisons Suggest an Answer - The Ne... - 0 views

  • there is one quirk that consistently puzzles America’s fans and critics alike. Why, they ask, does it experience so many mass shootings?
  • Perhaps, some speculate, it is because American society is unusually violent. Or its racial divisions have frayed the bonds of society. Or its citizens lack proper mental care under a health care system that draws frequent derision abroad.
  • Though seemingly sensible, all have been debunked by research on shootings elsewhere in the world. Instead, an ever-growing body of research consistently reaches the same conclusion.
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  • The only variable that can explain the high rate of mass shootings in America is its astronomical number of guns.
  • Americans make up about 4.4 percent of the global population but own 42 percent of the world’s guns. From 1966 to 2012, 31 percent of the gunmen in mass shootings worldwide were American
  • Adjusted for population, only Yemen has a higher rate of mass shootings among countries with more than 10 million people — a distinction Mr. Lankford urged to avoid outliers. Yemen has the world’s second-highest rate of gun ownership after the United States.
  • Worldwide, Mr. Lankford found, a country’s rate of gun ownership correlated with the odds it would experience a mass shooting. This relationship held even when he excluded the United States, indicating that it could not be explained by some other factor particular to his home country
  • And it held when he controlled for homicide rates, suggesting that mass shootings were better explained by a society’s access to guns than by its baseline level of violence.
  • If mental health made the difference, then data would show that Americans have more mental health problems than do people in other countries with fewer mass shootings. But the mental health care spending rate in the United States, the number of mental health professionals per capita and the rate of severe mental disorders are all in line with those of other wealthy countries.
  • A 2015 study estimated that only 4 percent of American gun deaths could be attributed to mental health issues
  • countries with high suicide rates tended to have low rates of mass shootings — the opposite of what you would expect if mental health problems correlated with mass shootings.
  • Whether a population plays more or fewer video games also appears to have no impact. Americans are no more likely to play video games than people in any other developed country
  • Racial diversity or other factors associated with social cohesion also show little correlation with gun deaths. Among European countries, there is little association between immigration or other diversity metrics and the rates of gun murders or mass shootings.
  • They concluded that the discrepancy, like so many other anomalies of American violence, came down to guns.
  • the United States is not actually more prone to crime than other developed countries, according to a landmark 1999 study by Franklin E. Zimring and Gordon Hawkins of the University of California, Berkeley.
  • Rather, they found, in data that has since been repeatedly confirmed, that American crime is simply more lethal. A New Yorker is just as likely to be robbed as a Londoner, for instance, but the New Yorker is 54 times more likely to be killed in the process.
  • America’s gun homicide rate was 33 per million people in 2009, far exceeding the average among developed countries. In Canada and Britain, it was 5 per million and 0.7 per million, respectively, which also corresponds with differences in gun ownership
  • More gun ownership corresponds with more gun murders across virtually every axis: among developed countries, among American states, among American towns and cities and when controlling for crime rates. And gun control legislation tends to reduce gun murders, according to a recent analysis of 130 studies from 10 countries.This suggests that the guns themselves cause the violence.
  • From 2000 and 2014, it found, the United States death rate by mass shooting was 1.5 per one million people. The rate was 1.7 in Switzerland and 3.4 in Finland, suggesting American mass shootings were not actually so common.
  • But the same study found that the United States had 133 mass shootings. Finland had only two, which killed 18 people, and Switzerland had one, which killed 14. In short, isolated incidents. So while mass shootings can happen anywhere, they are only a matter of routine in the United States.
  • In China, about a dozen seemingly random attacks on schoolchildren killed 25 people between 2010 and 2012. Most used knives; none used a gun.
  • By contrast, in this same window, the United States experienced five of its deadliest mass shootings, which killed 78 people. Scaled by population, the American attacks were 12 times as deadly.
  • In 2013, American gun-related deaths included 21,175 suicides, 11,208 homicides and 505 deaths caused by an accidental discharge. That same year in Japan, a country with one-third America’s population, guns were involved in only 13 deaths.
  • This means an American is about 300 times more likely to die by gun homicide or accident than a Japanese person. America’s gun ownership rate is 150 times as high as Japan’s.
  • That gap between 150 and 300 shows that gun ownership statistics alone do not explain what makes America different.
  • The United States also has some of the weakest controls over who may buy a gun and what sorts of guns may be owned.
  • Switzerland has the second-highest gun ownership rate of any developed country, about half that of the United States. Its gun homicide rate in 2004 was 7.7 per million people
  • Swiss gun laws are more stringent, setting a higher bar for securing and keeping a license, for selling guns and for the types of guns that can be owned. Such laws reflect more than just tighter restrictions. They imply a different way of thinking about guns, as something that citizens must affirmatively earn the right to own.
  • The United States is one of only three countries, along with Mexico and Guatemala, that begin with the opposite assumption: that people have an inherent right to own guns.
  • The main reason American regulation of gun ownership is so weak may be the fact that the trade-offs are simply given a different weight in the United States than they are anywhere else.
  • After Britain had a mass shooting in 1987, the country instituted strict gun control laws. So did Australia after a 1996 shooting. But the United States has repeatedly faced the same calculus and determined that relatively unregulated gun ownership is worth the cost to society.
  • That choice, more than any statistic or regulation, is what most sets the United States apart.
  • “In retrospect Sandy Hook marked the end of the US gun control debate,” Dan Hodges, a British journalist, wrote in a post on Twitter two years ago, referring to the 2012 attack that killed 20 young students at an elementary school in Connecticut. “Once America decided killing children was bearable, it was over.”
manhefnawi

Louis XII of France: The Unlikely Lad | History Today - 0 views

  • Louis XII became king of France by accident. Or, more precisely, because of an accident. On April 7th 1498, his cousin, the reigning monarch Charles VIII, stumbled and hit his head on the lintel of a doorway through which he was passing on his way to watch a tennis match in the royal chateau at Amboise. The king had recently been ill. He seemed to be recovering but this final blow in a life full of hard knocks finished him off. Having no surviving male heir, the crown passed to his nearest male relative, Louis duke of Orleans, who was crowned king in Rheims cathedral on 27 May 1498
  • Louis ended his reign having reformed the French legal system, reduced taxes, having enjoyed some military success in Italy and bearing the loving accolade, 'Father of the People'. In many respects he stands comparison with his contemporary, Henry VII of England
  • Louis was born in 1462 during the reign of his second cousin Louis XI. His father was Charles duke of Orleans, a celebrated poet and the head of a cadet branch of the royal house of Valois. Louis XI was succeeded by his son, Charles VIII, in 1483
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  • his first priority was political security. This is the first respect in which his reign parallels that of Henry VII. The first Tudor had also rebelled against his sovereign, ultimately seizing the crown itself from Richard III in 1485
  • Within six months of his accession Louis had his first marriage, to Louis XI's daughter, Jeanne, annulled. He then married Charles's widow, Anne of Brittany, the daughter of duke Francis. Louis thereby retained the French crown's hold on Brittany. Like Henry VII's marriage to Elizabeth of York, Louis's marriage to Anne also enabled him to extend his domestic power base beyond his immediate family and those favoured by the previous monarch.
  • Henry did besiege Boulogne in October 1492, ostensibly to assert his claim to the crown of France following Anne of Brittany's marriage to Charles VIII in 1491. To buy him off, Charles offered Henry a pension of 745 000 crowns under the treaty of Etaples.
  • Like Henry VII, Louis was expected to ‘live off his own’. He was reasonably successful at this task. He did not make the monarchy profitable in the way Henry was able to, but neither did he impoverish it. Louis inherited a deficit of about 1.4 million livres and left Francis I a deficit of about the same amount – and this despite several very expensive military campaigns of the kind which Henry VII studiously avoided and Louis’s reduction of the taille
  • There was nothing in France to parallel the renowned English system of 'Chamber' finance begun by Edward IV and adopted by Henry VII to increase control over the collection and disbursement of domainal revenues.
  • This suggests that the system worked well enough until the end of his reign, but it was overhauled substantially by Francis I.
  • Louis was less innovative than Henry VII in developing legal machinery and institutions with which to control the nobility. Bonds and recognizances or institutions such as the Council Learned at Law were once seen as evidence that Henry VII was a 'new' monarch whose regime was dominated by lawyers and financial officials upon whom he depended to marginalise the unreliable nobility, the traditional royal servants
  • Louis continued Henry's pension conducted relatively warm relations with him, although he worried about England's ties with the Holy Roman Empire and Spain. He had good cause to after Henry VIII's accession in April 1509
  • Louis's fortunes began to fade in 1510. The new pope, Julius II, was determined to recover the papal lands which Borgia predecessor, Alexander VI, had with French help, alienated to his son Cesare
  • Then in August the Swiss invaded Burgundy and besieged the city of Dijon. They only withdrew on Louis's promise to relinquish his claim to Milan and to pay then a sizeable indemnity. On top of all of this, Queen Anne died in January 1514 leaving Louis no surviving male heir
  • Maximilian and Ferdinand of Spain followed suit, deserting their erstwhile ally Henry VIII, who was furious. Under pressure from Leo X, Henry dramatically reversed his isolation by becoming Louis's ally. His young and very beautiful sister Mary married Louis in October 1514.
  • Compared with that of his successor, Louis' artistic and intellectual patronage was not exceptional. He did not influence Henry VII in the direct way that Francis I did Henry VIII
  • Louis XII died on New Year's Day 1515. Despite his apparently fatal vigour with which he took to his third marriage, it provided him with no son. He was succeeded by Francis of Angouleme, during whose reign Louis's was oevrshadowed on every count except. perhaps, popularity among commoners. His various campaigns against Milan were disparaged by the new regime. However, Francis's campaigns may have been more glamorous but ultimately they were no more successful. It would be idle to claim Louis as one of France's great military commanders, but for 12 of his 16 years as king he did practise successful warfare, outdoing the deeds of Maximilian, Ferdinand and Henry VII
  • Louis's ambitions were to secure his kingdom politically and to enhance the glory of his dynasty. For him, as for Henry VII, increased financial or judicial controls over the kingdom were means to these ends, not ends in themselves, As the founder of a new dynasty Henry's task was undoubtedly more difficult than Louis's and he showed greater ingenuity in developing methods of making his subjects accountable to him
  • Having begun uncertainly, both quickly projected a strong sense of their authority, but the efforts of some historians to characterise Louis as a 'proto-absolutist', anticipating the supposed ambitions of Francis I or even Louis XIV to centralise the state, were wide of the mark. Louis's 'good government' was essentially traditional
manhefnawi

Francis I, the Greatest French King | History Today - 0 views

  • 'This Big Boy will ruin everything', so Louis XII of France is reported to have said, on more than one occasion, of his own son-in-law and putative successor: not exactly a ringing endorsement
  • Yet, 500 years after his accession, if there is one king of France before Louis XIV that the French people remember – and with affection – it is Francis I
  • Francis was betrothed to Louis XII's eldest daughter, Claude de France, in May 1506. Two years later he moved to court, was acknowledged as heir presumptive with the courtesy title of 'dauphin' and soon attracted attention throughout France and beyond
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  • Francis married Claude in May 1514 and, in October of the same year, Louis XII married the young and beautiful Mary Tudor, the sister of Henry VIII. Had she conceived a son, all Francis' hopes would have been dashed. Yet, less than three months after his marriage, Louis XII was dead and the 20-year-old Francis was proclaimed king of France on January 1st, 1515
  • He inherited Charles VIII's claim to the Kingdom of Naples, which included Sicily and most of southern Italy. He claimed certain territories along the ill-defined border between France, the Netherlands and the Holy Roman Empire, whose Habsburg overlord was the future emperor, Charles V. Francis also wanted the city of Tournai, conquered by Henry VIII in 1513, to be returned to France. For roughly 20 of his 32 years as king, Francis was preparing for war, active in it, or managing its consequences in expensive and convoluted diplomacy
  • Barely nine months after his accession, in September 1515, Francis conquered Milan, after defeating a Swiss mercenary army at the battle of Marignano
  • He secured this prominence through peace treaties and alliances, culminating in his inclusion in the 'Universal Peace' of 1518, agreed in the name of Pope Leo X but actually organised under the auspices of Henry VIII, who felt a keen and life-long rivalry with Francis
  • Francis had hoped to impress and intimidate Henry into committing himself as an ally against Charles V, whose power in Italy unnerved Francis
  • appreciated that securing and maintaining the support of interest groups, particularly the nobility, was vital to effective kingship
  • Francis was taken to Spain as the emperor's prisoner. France was left vulnerable to its enemies and to internal dissent, which Louise de Savoie, as her son's regent, had much to do to overcome while trying to secure Francis' release. She immediately sought the assistance of the English and sympathetic Italian states, who were wary of the immense power of Charles V in the wake of his triumph at Pavia
  • Disappointed by Charles V's lack of support for his own claim to France, Henry once more turned the tables on the emperor. A renewed Anglo-French alliance enabled Francis to repudiate the treaty of Madrid and led indirectly to a more acceptable agreement
  • Francis maintained peace with his English counterpart until 1542
  • He never finally secured Milan from Charles but he did, nevertheless, maintain his dynastic rights against the emperor's potentially overwhelming power. This he did in part by allying with the papacy, with various Italian states, with the heretical Henry VIII and with the Ottoman sultan Süleyman the Magnificent. These last two alliances scandalised Catholic Europe, but keeping Charles' enemies close for as long as he could assisted Francis in projecting royal power well beyond the borders of the French state throughout his reign
  • Another important factor in Francis' capacity to project this power was his widespread reform of crown fiscal administration after his return from Spain in 1526. These were prompted first and foremost by the need to pay huge debts incurred in the war and in securing peace with Henry and Charles
  • His sale of judicial offices set up long-lasting difficulties for the monarchy
  • He made an ill-advised pre-emptive strike against imperial territory in the Netherlands and Spain in early 1521
  • Daily life there was never as elaborately choreographed under Francis as it would be under his successors. He is perhaps second only to Henry IV in his reputation for informality and spontaneity as a French king.
  • The 'big boy' had come close at times to ruining everything, but had also made France a power to be reckoned with and made his own mark on its history
  • Under Francis, the court of France was at the height of its prestige and international influence during the 16th century.
manhefnawi

Francis I | king of France | Britannica.com - 0 views

  • the first of five monarchs of the Angoulême branch of the House of Valois.
  • he waged campaigns in Italy (1515–16) and fought a series of wars with the Holy Roman Empire (1521–44).
  • Francis was the son of Charles de Valois-Orleáns,
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  • On the accession of his cousin Louis XII in 1498, Francis became heir presumptive and was given the Duchy of Valois.
  • Louis XII, distrustful of Francis, did not allow him to dabble in affairs of state but sent him off at the age of 18 to the frontiers
  • the Emperor had his mind set on a universal monarchy. His chief obstacle was the King of France. A mortal hatred emerged from this rivalry
  • Ambitious for glory and urged on by turbulent young nobles, he made sure of peace with his neighbours, entrusted the regency to his mother, and galloped off to Italy.
  • He also signed a perpetual peace treaty with the Swiss and bought back Tournai from Henry VIII of England.
  • Princess Louise, was affianced to the Habsburg prince Charles, heir to the Netherlands and, at 16, the new king of Spain.
  • Everything forecast a great reign. Francis I formed a brilliant and scholarly court at which poets, musicians, and learned men mingled
  • he was the most powerful sovereign in all Christendom when, in 1519, the German emperor Maximilian died. The election as emperor of Maximilian’s grandson Charles spelled ruin for Francis I, for Charles, who was already king of Spain, now encircled France with his possessions.
  • The pomp of the Reims coronation, the sumptuous cortege of the solemn entry into Paris, and the lavish feasts revealed his love of ceremony and also pleased the people of Paris, who had been disheartened by a long succession of morose and sickly sovereigns.
  • In 1520, on the Field of Cloth of Gold near Calais, where both displayed unprecedented magnificence, Francis vainly sought an alliance with Henry VIII.
  • The King, unconcerned, arose late, paid little attention to his council, and gave orders without seeing that they were carried out. Money disappeared into thin air. A few paymasters were hanged, though in vain.
  • In 1523 the King demanded the return to the French state, according to law, of the vast provinces that the great feudal duke Charles de Bourbon thought he had inherited from his wife.
  • the French, weary of the prodigality of their sovereign, would rise up on an appeal from him.
  • At the Battle of Pavia in 1525, defeated and wounded, he was taken prisoner.
  • As the price for the King’s freedom, the Emperor demanded one-third of France, the renunciation of France’s claim to Italy, and restitution to Bourbon of his fiefs
  • Although Francis finally recovered, he did not cease to suffer.
  • Their raging hatred impelled Charles and Francis to challenge each other to a duel, which was, however, prevented. During one of the King’s relapses, his mother reached an agreement with Margaret of Austria, the Emperor’s aunt, to stop this deadly struggle.
  • His foolish expenditures had emptied the treasury, and the ransom was collected only with difficulty.
  • In 1531 the King’s mother succumbed to the plague. Marguerite, having married the King of Navarre, lived at some distance.
  • The war with Charles V was resumed in 1536.
manhefnawi

Louis XI | king of France | Britannica.com - 0 views

  • Louis was the son of Charles VII of France
  • Louis was married to Margaret, daughter of James I of Scotland
  • Louis took part in his father’s campaigns of 1440–43 against the English, and in 1443 he forced the English to raise their siege of Dieppe. When the Anglo-French truce of 1444 left numbers of mercenary troops unemployed, he led a large body of them to attack Basel, in ostensible support of the German king Frederick V (later Holy Roman emperor as Frederick III) in his quarrel with the Swiss confederacy. Failing to take Basel, Louis attacked the Habsburg possessions in Alsace since Frederick would not grant him the promised winter quarters.
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  • Exercising full sovereignty, he pursued a foreign policy sometimes at variance with his father’s. After concluding a secret alliance with Savoy for a partition of the Duchy of Milan, Louis, recently widowed, married Charlotte, daughter of Duke Louis of Savoy, despite Charles VII’s prohibition (1451).
  • Installed as Philip’s guest, Louis could acquaint himself thoroughly with the working of the great Burgundian state, the ruin of which he was later to seek.
  • His first act was to strike at Charles VII’s ministers.
  • Having already attacked Burgundy, Louis found himself facing a new host of enemies, including not only Charles the Bold, Edward IV, and Francis of Brittany but also, in the southwest, Charles de France, to whom Louis had granted the Duchy of Guyenne in 1469, Jean V d’Armagnac, and John II of Aragon, who hoped to recover Roussillon.
  • During the negotiations Charles learned of an insurrection in Liège, fomented by the French king’s agents.
  • Louis XI’s major preoccupation was with the princes and great vassals of the kingdom, who were ready to form alliances with one another or with England against him. Former officers of Charles VII stirred up hostility against the King’s new men; Jean II, duc de Bourbon, and Francis II of Brittany emerged as the leaders of the malcontent nobility; Philip the Good’s son and future successor, Charles the Bold of Burgundy, supported the King’s enemies; and the King’s own brother, Charles de France, at first duc de Berry, became a tool of the rebels.
  • After 1475 it remained for Louis to destroy the power of Burgundy.
  • by the Treaty of Arras (1482), Louis retained full sovereignty over the Duchy of Burgundy, Picardy, and Boulonnais and possession of Franche-Comté and Artois as the dowry of Margaret of Austria, daughter of Mary and Maximilian, fiancée of his infant son and heir, the future Charles VIII.
  • Louis regarded war as a precarious enterprise and made it only with reluctance, though he maintained the standing army that Charles VII had instituted.
  • After Charles the Bold’s death there was no one to prevent Louis from exercising a virtual protectorate over Savoy, where his sister Yolande was regent, and he made himself the arbiter of the affairs of northern Italy.
  •  
    Philip the Good
Javier E

Elections have consequences. The coronavirus reaction shows we're now living with them.... - 0 views

  • Don’t just blame President Trump. Blame me — and all the other Republicans who aided and abetted and, yes, benefited from protecting a political party that has become dangerous to America. Some of us knew better.
  • But we built this moment. And then we looked the other way.
  • The failures of the government’s response to the coronavirus crisis can be traced directly to some of the toxic fantasies now dear to the Republican Party. Here are a few: Government is bad. Establishment experts are overrated or just plain wrong. Science is suspect. And we can go it alone, the world be damned.
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  • All of these are wrong, of course. But we didn’t get here overnight. It took practice.
  • The Republican Party has gone from admiring William F. Buckley Jr., an Ivy League intellectual, to viewing higher education as a left-wing conspiracy to indoctrinate the young.
  • somewhere along the way, it became, “all government is bad.” Now we are in a crisis that can be solved only by massive government intervention. That’s awkward.
  • Next, somehow, the party of idealistic Teddy Roosevelt, pragmatic Bob Dole and heroic John McCain became anti-intellectual, by which I mean, almost reflexively opposed to knowledge and expertise. We began to distrust the experts and put faith in, well, quackery
  • Long before Trump, the Republican Party adopted as a key article of faith that more government was bad. We worked overtime to squeeze it and shrink it, to drown it in the bathtub, as anti-tax activist Grover Norquist liked to say.
  • In retribution, we started defunding education.
  • Conservatives have spent years trying to cut funds for basic science and research, lamenting government seed money for nearly every budding technology and then hoping for the best
  • Finally, there is the populist GOP distrust and dislike of the other, the foreign.
  • Yes, it is annoying that the Chinese didn’t come clean and explain everything to us from the start. But it appears that a Swiss company is helping to jump-start us in testing; and it is a German company that American officials reportedly tried to lure to the United States recently to help develop a vaccine for the virus.
  • What is happening now is the inevitable result of a party that embraced fear, weaponized xenophobia and regarded facts as dangerous, left-wing landmines that must be avoided.
  • Yes, elections have consequences. Those of us in the Republican Party built this moment. Now the nation must live with those consequences.
Javier E

Search for Coronavirus Vaccine Becomes a Global Competition - The New York Times - 0 views

  • while there is cooperation on many levels — including among companies that are ordinarily fierce competitors — hanging over the effort is the shadow of a nationalistic approach that could give the winner the chance to favor its own population and potentially gain the upper hand in dealing with the economic and geostrategic fallout from the crisis.
  • What began as a question of who would get the scientific accolades, the patents and ultimately the revenues from a successful vaccine is suddenly a broader issue of urgent national security.
  • behind the scramble is a harsh reality: Any new vaccine that proves potent against the coronavirus — clinical trials are underway in the United States, China and Europe already — is sure to be in short supply as governments try to ensure that their own people are the first in line.
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  • just as nations have insisted on building their own drones, their own stealth fighters and their own cyberweapons, they do not want to be beholden to a foreign power for access to the drugs that are needed in a crisis.
  • they do not say how, or more important, when. And many analysts recall what happened during the swine flu epidemic in 2009, when a company in Australia that was among the first to develop a single-dose vaccine was required to satisfy demand in Australia before fulfilling export orders to the United States and elsewhere.
  • “I would encourage everyone not to get into this trap of saying we have to get everything into our countries now and close the borders,” said Severin Schwan, the chief executive of the Swiss pharmaceutical company Roche. “It would be completely wrong to fall into nationalist behavior that would actually disrupt supply chains and be detrimental to people around the world.”
  • a vaccine remains at least 12 to 18 months away, both American officials and the leaders of major pharmaceutical companies say.
  • “Vaccines are injected into healthy people, so we need to ensure safety,” a process that takes time,
  • China has made clear it is looking for a national champion — an equivalent to the role that Huawei, a Chinese telecommunications giant, plays in the race to build 5G networks around the world. If the Huawei pattern holds, China could make deals to increase its influence over poorer or less developed countries, which might otherwise might not get affordable access to a vaccine.
  • There are already signs that China is using the moment for geopolitical advantage, delivering help to countries that once would have looked to Europe or the United States. Its decision to ship diagnostic kits to the Philippines, an ally of the United States, and to help Serbia was a leading indicator of what may come with drugs and vaccines, when they are available.
  • In the aftermath of the Ebola plague that flared across West Africa from 2014 to 2016, Norway, Britain and other mostly European countries as well as the Bill and Melinda Gates Foundation began contributing millions of dollars to a multinational organization, the Coalition for Epidemic Preparedness Initiatives, to fund vaccine research.
  • All of its funding agreements included provisions for equal access to assure that “appropriate vaccines are first available to populations when and where they are needed to end an outbreak or curtail an epidemic, regardless of ability to pay,” the organization said in a statement.
  • In the past two months, the coalition has funded research into eight of the most promising candidates to block the coronavirus — including CureVac, the Germany company.
Javier E

The Black Death led to the demise of feudalism. Could this pandemic have a similar effe... - 0 views

  • The plague, in combination with a host of other related and overlapping crises, delivered a death blow to Medieval Europe, ushering in a new age — the Renaissance and the rise of so-called agrarian capitalism — and ultimately setting the stage for the Industrial Revolution and the modern world.
  • the calamitous 14th century is not as far removed from our own experience as we would like to think.
  • Since the Second World War, we have experienced an unprecedented period of economic growth, and so it was for Medieval Europe on the eve of the Black Death
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  • First and foremost, the climate was changing. Sound familiar? Medieval Europe benefitted from several centuries of warmer weather, which boosted crop yields, but by the 14th century, the world was entering the so-called Little Ice Age
  • As the population grew, increasingly marginal land was turned over to agriculture, with diminishing returns, resulting in lower yields per capita and pushing the population dangerously close to subsistence levels. This left little slack in the economy to absorb a significant shock, and the 14th century would soon bring one shock after another.
  • From AD 1000, Europe's population doubled or even tripled, and the economy became increasingly commercialized, underwritten by an increasingly sophisticated financial system, as new cities and towns emerged, universities were founded across the continent, and the magnificent Gothic cathedrals surpassed the Great Pyramid at Giza as the tallest man-made structures in the world.
  • At the same time, Europe entered a prolonged period of heightened geopolitical conflict, during which a dizzying array of kingdoms, principalities, sultanates and city-states waged innumerable wars, both large and small.
  • beginning in 1311, Europe began to experience a series of crop failures across the continent in what became known as the Great Famine. Reaching a peak in northern Europe in 1315-1317, the Great Famine may have killed 5 to 10% of Europe's population
  • Cooler and wetter weather depressed agricultural yields, at a time when there was already very little slack in the food supply. This contributed to a broader economic slowdown, as yields declined and prices rose, but it also brought Europe to the edge of famine.
  • These conflicts inhibited trade between northern and southern Europe and between western Europe and the eastern Mediterranean, further slowing the European economy and incurring a massive fiscal burden that would soon ruin the European financial system and provoke uprisings in both France and England
  • Northern Italy was the heart of the financial system at this time, and a small number of very large Italian banks, often referred to as "super-companies," were lending huge sums of money across Europe
  • All available money was loaned out or tied up in investments, leaving the banks severely under-capitalized and vulnerable to insolvency in the event of a sudden large withdraw or a major default on their loans.
  • war broke out between England and France in 1294, prompting King Edward I to withdraw huge sums of money from the Riccardi of Lucca, approximately equivalent to several billion dollars today. The Riccardi simply did not have the money, and Edward seized whatever assets he could. Then, over the following decades, three more super banks, the Frescobaldi, the Bardi and the Peruzzi, all of Florence, were each ruined by successive English kings who refused to pay their debts.
  • Meanwhile, the Catholic Church, the cultural and epistemological bedrock of Medieval Europe, was facing the most significant legitimacy crisis in centuries
  • It was in the midst of this spiritual, economic and geopolitical crisis that the Black Death arrived, sweeping through Europe in 1347-1353 and upending the balance of power, almost overnight
  • We might compare this crisis of faith with the current legitimacy crisis of science in the United States. Like the scientific method, the Church was a shared way of knowing — a pathway to common understanding, which was essential to the social order of Medieval Europe.
  • he King's men attempted to arrest the elderly Pope, inadvertently killing him. Shortly thereafter, in 1305, a Frenchman, Clement V, was chosen to be the next pope, and the papacy was relocated to Avignon, France. This understandably cast a long shadow over the Holy See, and the Avignon Popes were widely disliked and distrusted. The crisis only deepened in 1378 when a second pope was elected in Rome and a third pope was briefly elected in 1409 before all three were deposed in 1417.
  • This, combined with the soaring fiscal burden of near-constant war, set off a series of uprisings, most notably the French Jacquerie of 1358 and the English Peasants' Revolt of 1381. The aristocracy responded with force wherever they could, but they could not turn back the clock.
  • Both of these developments substantially benefitted commoners, at the expense of the elite, particularly in England.
  • The archetypal serf was not paid for their work in the lord's fields — that was their obligation to the lord in exchange for the use of the lord's land. The modern equivalent would be if your landlord was also your boss, and in order to live in your apartment, you had to sign away your freedom and that of your children, in perpetuity.
  • Not only that, the medieval lord was also the primary unit of legal, civic and military power, often serving as the first stop for legal matters and the first defense against brigands and rival kingdoms.
  • With perhaps half the population gone, there were simply not enough peasants to work the land, and the average income of the English lord declined significantly. In response, the lord's wheat fields were increasingly turned over to livestock, or rented out to tenant farmers, who would pay the lord a fixed rent, keeping the agricultural produce for themselves.
  • The ambitious commoner could now acquire sizable tracts of land, and with the agricultural product of that land entirely at their disposal, commoners were incentivized to maximize the productivity of their land and sell the surplus at market for a profit. This transition is often referred to as the birth of Agrarian Capitalism.
  • In the wake of the Black Death, plague doctors were among the first to believe they had surpassed the knowledge of the Greek and Roman world; ironically, they were wrong, but the lower mortality of later outbreaks led many doctors to proclaim they had cured the disease, which instilled a new faith in scientific progress
  • Sumptuary laws, which restricted what commoners could wear and eat, also became common during the 14th and 15th Centuries. However, these laws do not appear to have been effective, and tensions continued to mount between the aristocracy and the wider populace, who were increasingly impatient for change.
  • Urban laborers and craftsmen also benefitted from rising wages. The average lifespan increased, and standards of living improved across the board. The shortage of skilled tradesmen even created new opportunities for urban women
  • starting in the 14th century, infantry units comprised of commoners, like the Swiss pikemen and English longbowmen, began to win a series of decisive victories against mounted knights, revolutionizing military tactics and hastening the obsolescence of the feudal aristocracy.
  • a new intellectual spirit was taking root across western Europe. Influential thinkers like John Wycliffe and Marsilius of Padua began to question the worldly authority of both the Church and the state, arguing that power rested ultimately with the populace rather than the ruler, and the unworthy ruler could lose their right to govern
  • the economic effects of the plague were nothing short of earthshattering. By killing perhaps 50% of the labor force, the Black Death drastically altered the supply of labor, land and coin. Wages skyrocketed, as labor was in short supply, and rents declined, as the plummeting population density created a surplus of land
  • seven-hundred years later, what, if anything, can we learn from this — what can the crises and consequences of the 14th century tell us about our own pandemic and the impending aftermath?
  • There will be no labor shortage in the wake of the coronavirus; quite the opposite, there will likely be a labor surplus, due to the ensuing economic contraction. As for rents, the housing market is essentially frozen as people shelter in place, and housing prices are likely to decline in a recession, but the real cost of housing relative to income is unlikely to see the kind of seismic shift experienced after the Black Death.
  • most presciently for our own time, Europe was headed for a climate catastrophe, and regardless of the Black Death, the continent would have almost certainly faced a series of demographic shocks, like the Great Plague, until considerable changes were made to the existing socio-economic system.
  • The lesson we should take from this today is not the differences between the coronavirus and the Black Death, but rather the broader similarities between the 14th century and the 21st century
  • war between China and the US still looms ever larger, socio-economic inequality is reaching record levels, trust in institutions and our established epistemology is waning, and as we enter the worst depression since the 1930s, climate change once again threatens to throw us back into the Middle Ages
  • if we continue business as usual, what happens next is likely to be much worse. The calamitous 21st century is just getting started, and a more apt parallel for the Black Death is probably yet to come
Javier E

How U.S. Firms Helped Africa's Richest Woman Exploit Her Country's Wealth - The New Yor... - 0 views

  • Among the businesses was the Swiss jewelry company, which records and interviews reveal was led by a team recruited from Boston Consulting. They ran it into the ground. Under their watch, millions of dollars in Angolan state funds helped finance the annual parties on the French Riviera.
  • When Boston Consulting and McKinsey signed on to help restructure Sonangol, Angola’s state oil business, they agreed to be paid in an unusual way — not by the government but through a Maltese company Ms. dos Santos owned.
  • PricewaterhouseCoopers, now called PwC, acted as her accountant, consultant and tax adviser, working with at least 20 companies controlled by her or her husband. Yet there were obvious red flags as Angolan state money went unaccounted for, according to money-laundering experts and forensic accountants who reviewed the newly obtained documents.
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  • When the Western advisory firms came into Angola almost two decades ago, they were viewed by the global financial community as a force for good: bringing professionalism and higher standards to a former Portuguese colony ravaged by years of civil war. But ultimately they took the money and did what their clients asked
  • “These guys hear about Isabel and they run like the Devil from the cross,” Eduardo Sequeira, head of corporate finance for Fidequity, a Portuguese firm that manages many of Ms. dos Santos’s companies, wrote in a 2014 email after the Spanish bank Santander turned down work with her.
  • Ms. dos Santos and her husband could face years in prison if convicted, according to the office of Angola’s president, João Lourenço. At the heart of the inquiry: $38 million in payments from Sonangol to a Dubai shell company hours after Angola’s new president announced her firing. Ms. dos Santos’s half brother is also facing corruption charges for helping to transfer $500 million from Angola’s sovereign wealth fund.
  • Global banks including Citigroup and Deutsche Bank, bound by strict rules about politically connected clients, largely declined to work with the family in recent years, the documents show.
  • “They are there as all-purpose providers of whatever these elites are trying to do,” he said. “They have no moral status — they are what you make of them.”
  • in their quest for fees, several have worked for authoritarian or corrupt regimes in places like China or Saudi Arabia. McKinsey’s business in South Africa was decimated by its partnership with a subcontractor tied to a political scandal that took down the country’s president.
  • The new leaks show the pattern repeating itself in Angola, where invoices point to tens of millions of dollars going to the firms. They agreed to be paid for Angolan government work by shell companies — tied to Ms. dos Santos and her associates — that were in offshore locations long used to avoid taxes, hide illicit wealth and launder money. The arrangement allowed her to keep a large portion of the state funds, the records show.
anniina03

Nestle adds sausages to its plant-based menu - CNN - 0 views

  • Nestlé is adding vegan sausages to its lineup of imitation meat products, as the world's largest food company moves to secure its position in the booming market for plant-based foods.The Swiss company said Friday that it will sell soy-based bratwurst and chorizo-style sausages in 11 European markets under its Garden Gourmet brand starting in March.
  • American shoppers will be able to purchase pea protein-based Sweet Earth sausages in April that come in habanero cheddar, Asian ginger scallion and chicken apple flavors. Nestlé (NSRGY) will also offer a range of plant-based alternatives to deli meats in the United States.The products are the latest additions to Nestle's growing range of meat substitutes, which already includes burgers and schnitzel.
  • Nestle was named one of the world's worst corporate plastic polluters by lobby group Break Free From Plastic last year. On Thursday, the company said it was planning to spend over $2 billion to create a market for recycled plastics for food packaging.
Javier E

Why America's Institutions Are Failing - The Atlantic - 0 views

  • “The government agencies we thought were keeping us safe and secure—the CDC, the FDA, the Police—have either failed or, worse, have been revealed to be active creators of danger and insecurity,” Alex Tabarrok, an economics professor at George Mason University, wrote on Twitter.
  • Why have America’s instruments of hard and soft power failed so spectacularly in 2020?
  • We are prepared for wars against states and militant groups, but not against stateless forces such as pandemics and climate change.
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  • our risk sensor is fixed to the anxieties and illusions of the 1900s
  • We’re arming and empowering the police like it’s 1990, when urban crime had reached historic highs. But violent-crime rates have fallen by more than 50 percent in almost every major American city in the past generation, while police still drape themselves in military gear and kill more than 1,000 people annually.
  • Too many police are instructed to believe that the 20th-century crime wave never ended.
  • Between the 1960s and the early 1990s, the violent-crime rate in many U.S. cities rose “to levels seen only in the most violent, war-torn nations of the developing world,”
  • As American cities became perceived as war zones, police responded by adopting a “warrior” mentality.
  • Then violent crime plunged by more than 70 percent from 1993 to 2018, according to data maintained by the Department of Justice. Although officers routinely face threats that most white-collar workers never will, cops are safer now than at any point in nearly 50 years.
  • The U.S. has about the same number of police officers per capita as, say, Australia; but adjusted for population, U.S. law enforcement kills 10 times more people.
  • The message is clear: Be a warrior, because it’s a war out there.
  • The warrior mentality encourages an adversarial approach in which officers needlessly escalate encounters.
  • calls the idealization of the warrior “the most problematic aspect of modern [police] policy.”
  • the CDC had waited “its entire existence for this moment,” but it was so unprepared to deal with COVID-19 that the group initially in charge of the response, the Division of Viral Diseases, had to cede responsibilities to the Influenza Division, despite the fact that COVID-19 is not caused by any kind of influenza virus
  • Police aren’t just trained to feel like warriors; many are armed for war
  • Over time, SWAT itself served as a gateway drug for police militarization, as equipment once reserved for special teams, such as AR-15 rifles, were made available to ordinary officers.
  • the War on Drugs has been roundly discredited as a trillion-dollar failure that incurs thousands of unnecessary deaths. But it has bequeathed us a world where police bearing semiautomatics are armed with the wrong tools for the actual job
  • “The world has changed dramatically since the most violent years of the 1990s, but police training trails lived experience,”
  • the U.S. mental-health crisis has been effectively outsourced to the streets, where police who aren’t trained as social workers or behavioral therapists must perform the ad hoc duties of both.
  • Rather than respond to the drastically changing nature of American life, our cities and counties use police as a civic Swiss Army knife to solve problems such as homelessness and mental-health emergencies that have little to do with police training.
  • the failures of American police are not unique, but rather a symptom of a broader breakdown in high-quality governance.
  • Before it stood for the Centers for Disease Control and Prevention, the CDC was founded as the Communicable Disease Center in the 1940s. Its original mission was to stop an epidemic. The organization’s first 400, Atlanta-based employees were tasked with arresting an outbreak of malaria in the Southeast
  • Today, the center’s 14,000 employees work “at the speed of science”—that is, slowly and deliberately—to understand an array of health issues, including cancer, obesity, and vaping.
  • its mission creep has transformed what was once a narrowly focused agency into a kaleidoscopic bureaucracy with no fast-twitch instinct for achieving its founding mission to protect Americans from an epidemic.
  • The CDC’s recent failures are well known, but worth repeating. It failed to keep track of early COVID-19 cases in part because of a leaden-footed reliance on fax machines and other outdated record-keeping technology. It failed to compile accurate case counts, forcing private actors—such as The Atlantic’s COVID Tracking Project—to fill the void. It failed its most basic coordination functions as an agency
  • Violent crime plays a minuscule role in the day of a modern officer, who spends most of his or her time driving around, taking ho-hum radio calls, and performing the tertiary duties of traffic patroller and mental-health counselor.
  • Most important, the CDC failed to manufacture basic testing equipment. Its initial test kits were contaminated and unusable, which allowed the disease to spread undetected throughout the U.S. for weeks.
  • Compare the situation in the U.S. with the one in East Asia, where several countries have navigated the pandemic far more deftly. China, South Korea, Taiwan, Singapore, and Vietnam all updated their infectious-disease protocols based on what they learned from 21st-century epidemics: SARS in 2003, H1N1 in 2009, and MERS in 2012. These countries quickly understood what artillery would be necessary to take on COVID-19, including masks, tests, tracing, and quarantine spaces. Yet the CDC—armed with an $8 billion budget and a global team of scientists and officials—was somehow unprepared to read from the playbook.
  • The FDA fumbled just as tragically. In January, Alex Greninger, a virologist at the University of Washington, was prepared to build an in-house coronavirus test
  • By the time Greninger was ready to set up his lab, the calendar had turned to March. Hundreds of thousands of Americans were sick, and the outbreak was uncontrollable.
  • the White House cannot be entirely blamed for the ponderous incompetence of what ought to be the greatest public-health system in the world.
  • Not every American institution is trapped in amber. For a perhaps surprising example of one that has adapted to 21st-century needs, take the Federal Reserve.
  • Ben Bernanke, the Fed chair during the Great Recession, used his expertise about the 1930s economy to avoid a similar collapse in financial markets in 2008. Today’s Fed chair, Jerome Powell, has gone even further, urging Congress and the Treasury to “think big” and add to our already-historic deficits.
  • the Federal Reserve has junked old shibboleths about inflation and deficit spending and embraced a policy that might have scandalized mainstream economists in the 1990s. Rejecting the status-quo bias that plagues so many institutions, this 106-year-old is still changing with the world.
  • what strikes me is that America’s safekeeping institutions have forgotten how to properly see the threats of the 21st century and move quickly to respond to them. Those who deny history may be doomed to repeat it. But those who deny the present are just doomed
anonymous

Currency markets turn "risk on"; Aussie crosses $0.8 for first time in 3 years | Reuters - 0 views

  • The dollar index dropped on Thursday, risk currencies rose to three-year highs and the euro continued its surge against the Swiss franc, as currency markets were boosted by dovish signals from the U.S. Federal Reserve.
  • Easy financial conditions, the promise of fiscal stimulus and accelerating COVID-19 vaccine rollouts have driven money into what is known as the reflation trade, referring to bets on an upswing in economic activity and prices.
  • market participants expect the bull run in global stocks, fuelled by cheap liquidity and reflation hopes, to continue for at least another six months.
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  • As world shares rose, the dollar weakened, and was down 0.3% against a basket of currencies at 89.754 at 1222 GMT.The Australian dollar rose against the U.S. dollar, crossing $0.8 for the first time in three years.The Canadian dollar also hit new 3-year highs against the U.S. dollar, up 0.3% at 1.2481 at 1224 GMT.
  • the reflation trade can benefit commodity currencies because commodity prices go up… but they also tend to benefit because of dollar weakness when stock markets come back in as well,
Javier E

Can America's Middle Class Be Saved from a New Depression? - The New York Times - 0 views

  • In 2016 the Pew Research Center released a study that examined 229 metropolitan areas across the country: In 203, the share of adults living in middle-­income households declined from 2000 to 2014, while the share of adults living in lower- and upper-income homes each rose in more than 150 areas.
  • At the same time, the cost of minivans, homes, health care and college tuition has increased. Families reacted to this new reality by plunging themselves into debt and neglecting to save,
  • in America, you become middle-class by consuming: If you cannot afford a home in a respectable school district, a pet, summer vacations and so on, you have not ‘‘made it.’’ Despite their outward trappings of prosperity — and often because of them — many middle-class families have negligible savings and too much debt.
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  • But the American middle class is neither stable nor self-reliant. Recognizing this is the prerequisite to determining what we need to weather this storm.
  • The American middle class long has been presented as evidence that self-reliance leads to stability, even prosperity. The very existence of a middle class appears to prove the notion that if we work hard enough and make the right choices, everything will be OK — and also its corollary: that the poor must have somehow brought poverty upon themselves and that we, industrious workers that we are, will surely never be one of them
  • Before the pandemic, Americans saved approximately 8 percent of their income, which would cover a fraction of their living expenses. American households carry an average of $111,198 in debt. Even in flush times, this kind of financial exposure can be stressful. During long spells of unemployment and underemployment, it can lead to ruin.
  • it’s not just the design of a nation’s welfare infrastructure that matters but also its level of commitment to protecting basic human needs.
  • the average middle-class American family (with a before-tax household income of $66,400) receives more help from the government than it pays in federal taxes and collects more aid than the average American family in the lowest income quintile (with a before-tax household income of $24,600).
  • We’re all on the dole, however meager it may be.
  • countries with more robust welfare states have been able to respond to the recent economic downturn with a high level of competence and the kind of deep investment that the Covid-19 pandemic demands.
  • In nations like Britain and Germany, workers have been allowed to keep their jobs even as businesses shuttered because their governments are paying all or most of their wages.
  • Because Germany already had a system, known as Kurzarbeit, in place to pay workers whose hours are reduced during economic crises, it didn’t need to reinvent the wheel when the coronavirus began to spread. Other countries that didn’t have such a system in place, including Ireland and Denmark, quickly fashioned one.
  • virtually every American has benefited from some form of public aid, from programs widely recognized as ‘‘welfare,’’ like food stamps, to more hidden subsidies issued through the tax code, like government-subsidized retirement benefits
  • just as states go to war with the army they have, in a recession they tend to catch the unemployed with the safety net they have
  • America not only lacks many programs that buffer workers from economic calamity — such as the right to housing or universal health care — it is also bereft of a national culture characterized by social solidarity and faith in government.
  • About a third of Americans express trust in the government, unlike most Germans, Norwegians and Swiss.
  • countries that have been able to bend the curve of Covid-19 cases, both in Europe (Switzerland, France) and Asia (South Korea, Taiwan), have been those where citizens recognize the importance of strong government.
  • Countries that have yet to respond as effectively — including Brazil, the United Kingdom and the United States — have publics deeply skeptical of their governments as well as current heads of state (Jair Bolsonaro, Boris Johnson and Donald Trump) who share, and stoke, that sentiment.
  • ‘‘The American public consistently expresses a desire for more government effort and higher levels of spending for almost every aspect of the welfare state,’’
  • The New Deal erected an institutional scaffolding designed to provide unprecedented stability and predictability for the American economy,’
  • The quarter century of prosperity that followed World War II was rooted in the profound structural reforms of the New Deal. A strong market was made possible by strong government intervention.
  • It is now widely acknowledged that the federal government should have acted sooner and spent bigger when addressing the 2008 financial crisis. In March, Neel Kashkari, who oversaw the rescue package (the Troubled Asset Relief Program) and is now president and chief executive of the Federal Reserve Bank of Minneapolis, wrote, ‘‘My experience underscores that if there is a principle policymakers need to keep in mind going forward, it’s this: Err on the side of helping as many workers and businesses as possible rather than on prudence.’’
  • In 2008, the government hobbled the rescue package by trying to make sure that only ‘‘deserving’’ Americans received help, slowing and narrowing relief. ‘‘The American people ultimately paid more because of our attempts to save them money,’’ Kashkari wrote with hindsight.
  • ‘‘Adding $3 trillion in spending,’’ as the HEROES Act would, ‘‘is necessary for spending after the summer and most importantly to start helping states.’’ J. W. Mason, an associate professor of economics at John Jay College in New York, pointed out that $3 trillion corresponds to a 20 percent decline in private demand, which, based on what happened in the 2008 recession, we should prepare for.
Javier E

Suddenly, It Looks Like We're in a Golden Age for Medicine - The New York Times - 0 views

  • “I’ve been running my research lab for almost 30 years,” says Jennifer Doudna, a biochemist at the University of California, Berkeley. “And I can say that throughout that period of time, I’ve just never experienced what we’re seeing over just the last five years.”
  • “You cannot imagine what you’re going to see over the next 30 years. The pace of advancement is in an exponential phase right now.”
  • surveying the recent landscape of scientific breakthroughs, she says the last half-decade has been more remarkable still: “I think we’re at an extraordinary time of accelerating discoveries.”
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  • Beyond Crispr and Covid vaccines, there are countless potential applications of mRNA tools for other diseases; a new frontier for immunotherapy and next-generation cancer treatment; a whole new world of weight-loss drugs; new insights and drug-development pathways to chase with the help of machine learning; and vaccines heralded as game-changing for some of the world’s most intractable infectious diseases.
  • the vaccine innovations stretch beyond mRNA: A “world-changing” vaccine for malaria, which kills 600,000 globally each year, is being rolled out in Ghana and Nigeria, and early trials for next-generation dengue vaccines suggest they may reduce symptomatic infection by 80 percent or more.
  • the mRNA sequence of the first shot was designed in a weekend, and the finished vaccines arrived within months, an accelerated timeline that saved perhaps several million American lives and tens of millions worldwide — numbers that are probably larger than the cumulative global death toll of the disease.
  • As the first of their kind to be approved by the Food and Drug Administration, they brought with them a very long list of potential future mRNA applications: H.I.V., tuberculosis, Zika, respiratory syncytial virus (R.S.V.), cancers of various and brutal kinds.
  • A Nobel laureate, Doudna is known primarily for Crispr, the gene-editing Swiss Army knife that has been called “a word processor” for the human genome and that she herself describes as “a technology that literally enables the rewriting of the code of life.”
  • many of their back stories do rhyme, often stretching back several decades through the time of the Human Genome Project, which was completed in 2003, and the near-concurrent near-doubling of the National Institutes of Health’s budget, which helped unleash what Donna Shalala, President Bill Clinton’s secretary for health and human services, last year called “a golden age of biomedical research.”
  • A couple of decades later, it looks like a golden age for new treatments. New trials of breast-cancer drugs have led to survival rates hailed in The Times as “unheard-of,” and a new treatment for postoperative lung-cancer patients may cut mortality by more than half. Another new treatment, for rectal cancer, turned every single member of a small group of cases into cancer-free survivors.
  • Ozempic and Wegovy have already changed the landscape for obesity in America
  • although the very first person to receive Crispr gene therapy in the United States received it just four years ago, for sickle-cell disease, it has since been rolled out for testing on congenital blindness, heart disease, diabetes, cancer and H.I.V
  • all told, some 400 million people worldwide are afflicted by one or more diseases arising from single-gene mutations that would be theoretically simple for Crispr to fix.
  • in theory, inserting a kind of genetic prophylaxis against Alzheimer’s or dementia.
  • In January, a much-talked-about paper in Nature suggested that the rate of what the authors called disruptive scientific breakthroughs was steadily declining over time — that, partly as a result of dysfunctional academic pressures, researchers are more narrowly specialized than in the past and often tinkering around the margins of well-understood science.
  • when it comes to the arrival of new vaccines and treatments, the opposite story seems more true: whole branches of research, cultivated across decades, finally bearing real fruit
  • Does this mean we are riding an exponential curve upward toward radical life extension and the total elimination of cancer? No. The advances are more piecemeal and scattered than tha
  • “The biology and the science that we need is already in place,” he says. “The question now to me is: Can we actually do it?”
  • Sometimes these things just take a little time.
Javier E

Transcript: Ezra Klein Interviews Nimrod Novik - The New York Times - 0 views

  • for years now, a group of hundreds of former senior defense and diplomatic officials in Israel have been saying this is a catastrophe — that it is a catastrophe for Israeli security, a catastrophe for Israeli democracy, a catastrophe for Israelis’ international standing, and a catastrophe for Israel’s soul. Their warnings seem quite prescient now.
  • they’ve argued there was another way. There was a huge amount Israel could do on its own and should have been doing, that if Israel is not going to tip into a kind of single state that it did not want and could not ultimately defend, that the conditions had to be created now for something else to emerge in the future.
  • One of the people working on that project was Nimrod Novik. He’s my guest today. Novik was a top aide to Shimon Peres when Peres was prime minister and vice premier. In that role, Novik was involved in all manner of negotiations with the Palestinians, with the Arab world, with the international community. He’s on the executive committee of Commanders for Israel’s Security, which is a group I mentioned a minute ago. And he’s an Israel fellow at the Israel Policy Forum.
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  • NIMROD NOVIK: The group that worked on it, called Commanders for Israel’s Security, it’s over 500 Israeli retired generals, as well as their equivalents from the Mossad, Shin Bet Security, National Security Council, the entire Israeli security establishment. And we formed a team. We felt that Israeli policy was far too reactive and far too conservative for the good of the country, national security, short and long-term.
  • We had not anticipated the trauma of Oct. 7, but we certainly anticipated things getting from bad to worse, unless Israel changes course.
  • we came up with a plan that suggested even though a two-state solution, as you said, is not on this side of the horizon, but given that eventually, it’s the only solution that we believe serves Israel’s security and well-being long-term, as a strong Jewish democracy, we mapped out what can and should be done in the coming two, three years to reverse the slide towards the disaster of a one-state solution.
  • NIMROD NOVIK: There were primarily two governing concepts, if you will, of the Israeli policy. Again, calling it policy is giving it more credit than deserved. Israeli government have been reluctant to determine the end game of our relationship with the Palestinians. Where do we want to see ourselves and them two years, five years, 50 years from now? No decision has been made since the Oslo era.
  • As a result, what we’ve seen was a policy based on insisting on separating the Gaza Strip, ruled by Hamas from the West Bank, ruled sort of by the Palestinian Authority. Separation was one principle
  • And the other one was dubbed status quo, even though it was an illusion, because nothing was static about it. As a matter of fact, creeping annexation has been accelerating under various governments.
  • The more territory was taken by settlements, the more extreme settlers were conducting violent raids into Palestinian civil populations. The more the Palestinian Authority, internally defective, becoming more and more authoritarian, more and more detached from its own constituents, less responsive, less capable of governance, losing control over large swaths of West Bank territory, forcing the I.D.F. to enter more and more
  • It was a slide into a state where the Palestinian Authority would cease to function as the promise of the nucleus of a Palestinian state.
  • If we look at it today, it’s already perhaps the municipal government of the city of Ramallah, rather than of the West Bank, and weakening the Palestinian Authority by choking it financially. By not allowing it to demonstrate to its people that it is the vehicle that will bring them one day to their aspiration of statehood, on the one hand, and making sure that Hamas controls Gaza, the two tracks spelled disaster.
  • So I must confess, we had not anticipated that the disaster will look the way it did on Oct. 7, but we certainly realized that the policy in Gaza of rounds of violence every year, every two years, every 18 months, and buying off relative tranquility by funding Hamas through the auspices of Qatar, allowing it to arm and rearm, the inherent contradictions in the policy were quite apparent
  • There’s a right-wing one-state solution. I think when you mentioned the finance minister, Bezalel Smotrich, I think if you read things he has written in the past, he is looking for a one-state solution. He wants to crush Palestinian dreams of statehood and repress Palestinians sufficiently that they stop believing they can ever have anything better and eventually content themselves to Israeli rule and live quietly within that in order to gain better lives.
  • NIMROD NOVIK: I’ll put it bluntly. I believe that a two-state solution is inevitable, not because we wish it and not because it’s nice, not because Palestinians deserve self-determination — which they do, but that’s not a historic imperative. I believe that the two-state solution is inevitable because these two people are not going to live happily ever after under one roof.
  • For that to happen, for the two people to stay in one state, one of two things have to happen. Either Israelis will agree to grant Palestinian equal rights in that one state and therefore become a minority, or at least, a slim majority in our own country, and that’s never going to happen. Israelis are not going to agree to be less than the overwhelming majority in our own country.
  • Or Palestinians will agree forever to forgo equal rights, which I suspect is as unreasonable expectation as the other. So we will separate.
  • NIMROD NOVIK: Civil separation with overall security control — continued security control until a two-state agreement ushers in alternative security arrangements, is a concept that basically suggests reversing the creeping annexation, which is no longer creeping. It’s now galloping.
  • So the idea is to start reversing the slide towards one-state reality in the opposite direction, of reducing the friction between the two populations, increasing the capacity of the P.A. to perform, while maintaining the overall security controlled by Israel until a deal is struck.
  • You often hear when you talk to people in Israel about different paths that could be taken. Well, we don’t have anybody to negotiate with. The Palestinian Authority doesn’t have credibility. Hamas wants our destruction
  • And a core premise of the report is that there are things Israel can do unilaterally, that it doesn’t need a partner to do things that will make the situation better from its perspective and create conditions maybe for deals in the future. So tell me what is in Israel’s power here. What would you actually recommend to do tangibly?
  • NIMROD NOVIK: It’s not a genetic deformation of the Palestinians that they cannot govern themselves. This is nonsense. We had a period after the second intifada, the years 2007, 2008, where the Palestinian Authority, there was a prime minister by the name of Salam Fayyad. First, he was finance minister, later on prime minister, who revitalized the Palestinian Authority in a dramatic way. The authority was on the rise. People were proud in it, its own population. They could have won elections at that point.
  • And then Netanyahu was elected in 2009. Now, obviously, we are the strongest party. We hold most of the cards by far. And when we decide that we are going to choke the Palestinian Authority, the Palestinian Authority will choke
  • Now the second trend that happened was that Mahmoud Abbas, President Abbas, known as Abu Mazen, the early Abu Mazen was a very different person than the late one with whom we are dealing today. He became increasingly nondemocratic, authoritarian, autocratic, paranoid, removing from his vicinity and from position of power all the best and brightest that were working during that era
  • . Things went from bad to worse, Israel doing its share in weakening the P.A. and the P.A. leadership became more claustrophobic. All these can change.
  • At the moment, the West Bank is a Swiss cheese. It’s 169 islands of Palestinian-controlled areas surrounded each by Israeli-controlled territory. So we wanted to reduce that by half so that contiguity will have a security, law and order, and economic well-being effect.
  • We suggested a host of economic measures that enable the Palestinian Authority to deliver for the people, which is the opposite of what’s happening now, when our minister of finance is choking the Palestinian Authority by withholding funds that are theirs by the agreement Israel collects taxes for the Palestinian Authority, VAT and others. And we are supposed to automatically transfer them to the Palestinian Authority. It’s the main chunk of their budget.
peterconnelly

U.S. Will Start Blocking Russia's Bond Payments to American Investors - The New York Times - 0 views

  • The Biden administration will start blocking Russia from paying American bondholders, increasing the likelihood of the first default of Russia’s foreign debt in more than a century.
  • As a result, Russia will be unable to make billions of dollars of debt and interest payments on bonds held by foreign investors.
  • Biden administration officials had debated whether to extend what’s known as a general license, which has allowed Russia to pay interest on the debt it sold.
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  • “If Russia is unable to find a legal way to make these payments, and they technically default on their debt, I don’t think that really represents a significant change in Russia’s situation,” Ms. Yellen said. “They’re already cut off from global capital markets, and that would continue.”
  • “We can only speculate what worries the Kremlin most about defaulting: the stain on Putin’s record of economic stewardship, reputational damage, the financial and legal dominoes a default sets in motion and so on,” said Tim Samples
  • Sanctions experts have estimated that Russia has about $20 billion worth of outstanding debt that is not held in rubles.
  • Russia owes about $71 million in interest payments for a dollar-denominated bond that will mature in 2026. The contract has a provision to be paid in euros, British pounds and Swiss francs.
  • Adam M. Smith, who served as a senior sanctions official in the Obama administration’s Treasury Department, said he expected that Russia would most likely default sometime in July and that a wave of lawsuits from Russia and its investors were likely to ensue.
  • “The interesting question to me is, What is the policy goal here?”
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