Skip to main content

Home/ History Readings/ Group items tagged adversity

Rss Feed Group items tagged

criscimagnael

In a Nonbinary Pronoun, France Sees a U.S. Attack on the Republic - The New York Times - 0 views

  • the first lady. “There are two pronouns: he and she,” she declared. “Our language is beautiful. And two pronouns are appropriate.”
    • criscimagnael
       
      It's surprising, yet not, that the first lady would say something so harsh. Although I'm unsurprised of her beliefs, I'm surprised she voiced her opinion so clearly and succinctly. Many politicians would try to sugarcoat their views to attempt to seem more inclusive, but she did not try to hide how she feels about it.
  • “This for me was very violent,” Mx. Delhomme said in an interview. “Coming from the first lady, from a woman, from a French teacher, from someone whose relationship went against many societal norms, it made me lose hope
    • criscimagnael
       
      Mx. Delhomme found the first lady's statement as hurtful, and understandably so. As they stated, the Macrons do not conform to socially acceptable relationships and they too have faced adversity, which one reason Delhomme found this so shocking
  • “pronouns have not changed since the fourth century.” As for the masculine form, “it plays a generic role, that’s just the way it is, and has been since vulgate Latin.”
    • criscimagnael
       
      Some people are stuck on tradition as the french pronouns have been the same for centuries. Some people argue that the masculine pronoun already represents the "generic" or non-binary role
  • ...3 more annotations...
  • When a French dictionary included the gender-nonspecific “iel” for the first time, a virulent reaction erupted over “wokisme” exported from American universities.
  • “You must not manipulate the French language, whatever the cause,” he said, expressing support for the view that “iel” was an expression of “wokisme.”
  • American “woke” assault
Javier E

The Midterms Message for Republicans - The Atlantic - 0 views

  • The historian Bernard Lewis once offered sage advice to any group that faces adverse circumstances: “The question, ‘Who did this to us?’ has led only to neurotic fantasies and conspiracy theories. The other question—‘What did we do wrong?’—has led naturally to a second question, ‘How do we put it right?’ In that question … lie[s] the best hope for the future.”
  • For the party of the president to do well in a midterm election is very rare: 2002, 1998, 1962, and 1934 are the exceptions over the past century or so. In all four of those exceptional years, the president’s party was buoyed by some affirmative factor: a rally around the flag after 9/11, the economic boom of the late 1990s, relief after the Cuban missile crisis, the beginnings of recovery from the Great Depression.
  • This year was one in which all the indicators seemed negative for the party of the president: right-track/wrong-track numbers, presidential approval ratings, and optimism about the future. Yet Biden’s party won and won and won again despite the negative indicators.
  • ...1 more annotation...
  • it’s hard to miss the strong smell here of a thorough repudiation, up and down the ballot, of the post-Trump Republican Party, of the January 6 insurrectionists, and of a cultural agenda that seems to many Americans regressive and repressive.
Javier E

Opinion | How a 'Golden Era for Large Cities' Might Be Turning Into an 'Urban Doom Loop... - 0 views

  • Scholars are increasingly voicing concern that the shift to working from home, spurred by the coronavirus pandemic, will bring the three-decade renaissance of major cities to a halt, setting off an era of urban decline.
  • They cite an exodus of the affluent, a surge in vacant offices and storefronts and the prospect of declining property taxes and public transit revenues.
  • Insofar as fear of urban crime grows, as the number of homeless people increases, and as the fiscal ability of government to address these problems shrinks, the amenities of city life are very likely to diminish.
  • ...27 more annotations...
  • With respect to crime, poverty and homelessness, Brown argued,One thing that may occur is that disinvestment in city downtowns will alter the spatial distribution of these elements in cities — i.e. in which neighborhoods or areas of a city is crime more likely, and homelessness more visible. Urban downtowns are often policed such that these visible elements of poverty are pushed to other parts of the city where they will not interfere with commercial activities. But absent these activities, there may be less political pressure to maintain these areas. This is not to say that the overall crime rate or homelessness levels will necessarily increase, but their spatial redistribution may further alter the trajectory of commercial downtowns — and the perception of city crime in the broader public.
  • “The more dramatic effects on urban geography,” Brown continued,may be how this changes cities in terms of economic and racial segregation. One urban trend from the last couple of decades is young white middle- and upper-class people living in cities at higher rates than previous generations. But if these groups become less likely to live in cities, leaving a poorer, more disproportionately minority population, this will make metropolitan regions more polarized by race/class.
  • the damage that even the perception of rising crime can inflict on Democrats in a Nov. 27 article, “Meet the Voters Who Fueled New York’s Seismic Tilt Toward the G.O.P.”: “From Long Island to the Lower Hudson Valley, Republicans running predominantly on crime swept five of six suburban congressional seats, including three that President Biden won handily that encompass some of the nation’s most affluent, well-educated commuter towns.
  • In big cities like New York and San Francisco we estimate large drops in retail spending because office workers are now coming into city centers typically 2.5 rather than 5 days a week. This is reducing business activity by billions of dollars — less lunches, drinks, dinners and shopping by office workers. This will reduce city hall tax revenues.
  • Public transit systems are facing massive permanent shortfalls as the surge in working from home cuts their revenues but has little impact on costs (as subway systems are mostly a fixed cost. This is leading to a permanent 30 percent drop in transit revenues on the New York Subway, San Francisco Bart, etc.
  • These difficulties for cities will not go away anytime soon. Bloom provided data showing strong economic incentives for both corporations and their employees to continue the work-from-home revolution if their jobs allow it:
  • First, “Saved commute time working from home averages about 70 minutes a day, of which about 40 percent (30 minutes) goes into extra work.” Second, “Research finds hybrid working from home increases average productivity around 5 percent and this is growing.” And third, “Employees also really value hybrid working from home, at about the same as an 8 percent pay increase on average.
  • three other experts in real estate economics, Arpit Gupta, of N.Y.U.’s Stern School of Business, Vrinda Mittal, both of the Columbia Business School, and Van Nieuwerburgh. They anticipate disaster in their September 2022 paper, “Work From Home and the Office Real Estate Apocalypse.”
  • “Our research,” Gupta wrote by email,emphasizes the possibility of an ‘urban doom loop’ by which decline of work in the center business district results in less foot traffic and consumption, which adversely affects the urban core in a variety of ways (less eyes on the street, so more crime; less consumption; less commuting) thereby lowering municipal revenues, and also making it more challenging to provide public goods and services absent tax increases. These challenges will predominantly hit blue cities in the coming years.
  • the three authors “revalue the stock of New York City commercial office buildings taking into account pandemic-induced cash flow and discount rate effects. We find a 45 percent decline in office values in 2020 and 39 percent in the longer run, the latter representing a $453 billion value destruction.”
  • Extrapolating to all properties in the United States, Gupta, Mittal and Van Nieuwerburgh write, the “total decline in commercial office valuation might be around $518.71 billion in the short-run and $453.64 billion in the long-run.”
  • the share of real estate taxes in N.Y.C.’s budget was 53 percent in 2020, 24 percent of which comes from office and retail property taxes. Given budget balance requirements, the fiscal hole left by declining central business district office and retail tax revenues would need to be plugged by raising tax rates or cutting government spending.
  • Since March 2020, Manhattan has lost 200,000 households, the most of any county in the U.S. Brooklyn (-88,000) and Queens (-51,000) also appear in the bottom 10. The cities of Chicago (-75,000), San Francisco (-67,000), Los Angeles (-64,000 for the city and -136,000 for the county), Washington DC (-33,000), Seattle (-31,500), Houston (-31,000), and Boston (-25,000) make up the rest of the bottom 10.
  • Prior to the pandemic, these ecosystems were designed to function based on huge surges in their daytime population from commuters and tourists. The shock of the sudden loss of a big chunk of this population caused a big disruption in the ecosystem.
  • Just as the pandemic has caused a surge in telework, Loh wrote, “it also caused a huge surge in unsheltered homelessness because of existing flaws in America’s housing system, the end of federally-funded relief measures, a mental health care crisis, and the failure of policies of isolation and confinement to solve the pre-existing homelessness crisis.”
  • The upshot, Loh continued,is that both the visibility and ratio of people in crisis relative to those engaged in commerce (whether working or shopping) has changed in a lot of U.S. downtowns, which has a big impact on how being downtown ‘feels’ and thus perceptions of downtown.
  • The nation, Glaeser continued, isat an unusual confluence of trends which poses dangers for cities similar to those experienced in the 1970s. Event#1 is the rise of Zoom, which makes relocation easier even if it doesn’t mean that face-to-face is going away. Event#2 is a hunger to deal with past injustices, including police brutality, mass incarceration, high housing costs and limited upward mobility for the children of the poor.
  • Progressive mayors, according to Glaeser,have a natural hunger to deal with these problems at the local level, but if they try to right injustices by imposing costs on businesses and the rich, then those taxpayers will just leave. I certainly remember New York and Detroit in the 1960s and 1970s, where the dreams of progressive mayors like John Lindsay and Jerome Patrick Cavanagh ran into fiscal realities.
  • Richard Florida, a professor of economic analysis and policy at the University of Toronto, stands out as one of the most resolutely optimistic urban scholars. In his August 2022 Bloomberg column, “Why Downtown Won’t Die,”
  • His answer:
  • Great downtowns are not reducible to offices. Even if the office were to go the way of the horse-drawn carriage, the neighborhoods we refer to today as downtowns would endure. Downtowns and the cities they anchor are the most adaptive and resilient of human creations; they have survived far worse. Continual works in progress, they have been rebuilt and remade in the aftermaths of all manner of crises and catastrophes — epidemics and plagues; great fires, floods and natural disasters; wars and terrorist attacks. They’ve also adapted to great economic transformations like deindustrialization a half century ago.
  • Florida wrote that many urban central business districts are “relics of the past, the last gasp of the industrial age organization of knowledge work the veritable packing and stacking of knowledge workers in giant office towers, made obsolete and unnecessary by new technologies.”
  • “Downtowns are evolving away from centers for work to actual neighborhoods. Jane Jacobs titled her seminal 1957 essay, which led in fact to ‘The Death and Life of Great American Cities,’ ‘Downtown Is for People’ — sounds about right to me.”
  • Despite his optimism, Florida acknowledged in his email thatAmerican cities are uniquely vulnerable to social disorder — a consequence of our policies toward guns and lack of a social safety net. Compounding this is our longstanding educational dilemma, where urban schools generally lack the quality of suburban schools. American cities are simply much less family-friendly than cities in most other parts of the advanced world. So when people have kids they are more or less forced to move out of America’s cities.
  • What worries me in all of this, in addition to the impact on cities, is the impact on the American economy — on innovation. and competitiveness. Our great cities are home to the great clusters of talent and innovation that power our economy. Remote work has many advantages and even leads to improvements in some kinds of knowledge work productivity. But America’s huge lead in innovation, finances, entertainment and culture industries comes largely from its great cities. Innovation and advance in. these industries come from the clustering of talent, ideas and knowledge. If that gives out, I worry about our longer-run economic future and living standards.
  • The risk that comes with fiscal distress is clear: If city governments face budget shortfalls and begin to cut back on funding for public transit, policing, and street outreach, for the maintenance of parks, playgrounds, community centers, and schools, and for services for homelessness, addiction, and mental illness, then conditions in central cities will begin to deteriorate.
  • There is reason for both apprehension and hope. Cities across time have proven remarkably resilient and have survived infectious diseases from bubonic plague to cholera to smallpox to polio. The world population, which stands today at eight billion people, is 57 percent urban, and because of the productivity, innovation and inventiveness that stems from the creativity of human beings in groups, the urbanization process is quite likely to continue into the foreseeable future. There appears to be no alternative, so we will have to make it work.
Javier E

Opinion | Trump taking the Fifth should disqualify him from office - The Washington Post - 0 views

  • taking the Fifth — especially concerning his alleged misconduct related to the attempted coup — should disqualify him from the presidency.
  • a president “has a constitutional as well as a moral duty to see to it that the laws are faithfully executed — not just a passive duty to avoid violating the law, a duty everyone of course shares, but an active duty to ensure that the law is fully enforced as well as complied with. That active duty arguably includes an obligation to avoid invoking various otherwise available privileges — including the privilege to withhold criminally incriminating information.”
  • “In that special sense, a president or a former president, more than any other public official or private citizen, arguably betrays his or her duty to the American people by taking the Fifth.”
  • ...8 more annotations...
  • “Fealty to the law meant nothing to him. The country’s interests meant nothing to him. The only oath he has taken is to his own greed and self-preservation.” But that does not mean voters can ignore the obvious conflict that occurs when someone simultaneously thwarts a government investigation and pledges to enforce the Constitution.
  • Tribe notes that Article VI of the Constitution specifies that public officials must take an oath “not just to obey the Constitution and laws of the United States but ‘to support this Constitution.’ ”
  • In other words, should members of Congress implicated in the plot to overturn the 2020 election choose to take the Fifth, they would be setting up a conflict between their self-interest and the interest in upholding and supporting the Constitution
  • True, the Constitution spells out no disqualifications for federal office, other than conviction through impeachment and Section 3 of the 14th Amendment, which bars a person from office if they have “engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof.”
  • voters certainly should consider the underlying conflict when a candidate for office takes the Fifth, especially when the issue goes to the core of our democracy.
  • Defenders might insist that Trump has not been convicted of any crime. But voters are allowed to draw their own conclusions about not only his underlying conduct but also his refusal to testify.
  • there is a “bond” between an official and the people of the nation, which is “created by election or appointment and also cemented by the oath of office.” Just as a civil jury can draw an adverse conclusion from Trump’s refusal to answer questions, “it should be disqualifying for Trump if he seeks to run again.”
  • Taking the Fifth is their prerogative, but it is the prerogative of voters to hold it against them as evidence that they are putting themselves above the interests of the country.
Javier E

Opinion | Amsterdam shows why the U.S. criminal justice system is a failure - The Washi... - 0 views

  • In the Netherlands, there are roughly 2.6 guns for every 100 people; there are more than 120 guns per 100 people in the United States.
  • “21% of state and 20% of federal prisoners said they possessed a gun during their offense.
  • In the Netherlands there are about 27 gun homicides a year. Not 27 per 100,000. Total
  • ...16 more annotations...
  • 48,830 people died from gun-related injuries in 2021. (The U.S. population is about 20 times that of the Netherlands; U.S. gun homicides are more than 1,777 times the number in the Netherlands.)
  • “Since 2014, 23 prisons have been shut, turning into temporary asylum centres, housing and hotels. … The number of prison sentences imposed fell from 42,000 in 2008 to 31,000 in 2018 — along with a two-thirds drop in jail terms for young offenders
  • Registered crimes plummeted by 40% in the same period, to 785,000 in 2018.”
  • in the United States, “Drug offenses still account for the incarceration of over 350,000 people
  • possession arrests each year, many of which lead to prison sentences.”
  • the United States has 163 times the number of incarcerated people as the Netherlands, more than eight times as many per 100,000 people.
  • “The United States spends nearly $300 billion annually to police communities and incarcerate 2.2 million people.”
  • “The societal costs of incarceration — lost earnings, adverse health effects, and the damage to the families of the incarcerated — are estimated at up to three times the direct costs, bringing the total burden of our criminal justice system to $1.2 trillion.”
  • These two very different systems didn’t just happen. Each country made choices.
  • In real terms, the U.S. criminal justice system and ubiquitous guns require an industry — ambulances, emergency room personnel, police, courts, judges, prisons, lawyers, private security and more — that the Dutch system does not
  • As I walked down the streets of Amsterdam, I imagined what we could have bought with the money we spend on the criminal justice system: universal college education, universal medical care, a strong social safety net.
  • The human cost of crime in America — a family driven into poverty because a breadwinner is murdered, a child permanently disabled from a gunshot, children terrorized in schools — is astronomically higher than in the Netherlands.
  • there is the opportunity cost in the United States — the murdered child who doesn’t grow up to invent the next cancer cure, the school that is forced to use resources on lockdown drills and grief counselors rather than reading teachers
  • We are very good at feeding a criminal justice system; we’re not so adept at eliminating crime
  • Understand, then, that we have our current criminal justice system because we have fetishized guns, criminalized addiction, neglected mental and emotional health, and resisted addressing social factors driving crime.
  • We could do it differently. We simply don’t want to
Javier E

Supreme Court Adopts Ethics Code After Reports of Undisclosed Gifts and Travel - The Ne... - 0 views

  • In a statement, the justices said they had established the code of conduct “to set out succinctly and gather in one place the ethics rules and principles that guide the conduct of the members of the court.” Left unclear was how the rules would be enforced or by whom.
  • The code, laid out over nine pages, does not place specific restrictions on gifts, travel or real estate deals. But it does caution the justices that they should not take part in outside activities that “detract from the dignity of the justice’s office,” “interfere with the performance of the justice’s official duties,” “reflect adversely on the justice’s impartiality” or “lead to frequent disqualification.”
  • The rules also prohibit justices from allowing “family, social, political, financial or other relationships to influence official conduct or judgment.” The document cites examples of when justices must recuse themselves from a case, including when they have a “personal bias” or a financial interest.
  • ...6 more annotations...
  • “This is a small but significant step in the right direction,”
  • she was troubled by the court’s failure to acknowledge past transgressions and the lack of a mechanism to enforce the new restrictions.
  • “It’s good that they did this,” he said. “It’s good that they feel some obligation to respond to public criticism and act like they care.”But, he added, “in terms of the content, it doesn’t seem to move the ball much.”
  • The main difference between the new code and the one that applies to other federal judges is in its treatment of recusal. In commentary the court issued along with the code, the justices said they must be wary of disqualifying themselves from cases because — unlike judges on lower courts — they cannot be replaced when they do
  • “Because of the broad scope of the cases that come before the Supreme Court and the nationwide impact of its decisions,” the commentary said, the provision on recusal “should be construed narrowly.”
  • In all, said James Sample, a law professor at Hofstra University, the new code is a modest improvement.“Will this code of conduct solve the problems?” he asked. “No. There will certainly be questions as to enforcement. There will be questions as to details, and you can quibble over certain of the provisions. But this is a significant step.”
Javier E

Opinion | How AI is transforming education at the University of Mississippi - The Washi... - 0 views

  • Perplexity AI “unlocks the power of knowledge with information discovery and sharing.” This, it turns out, means “does research.” Type something into it, and it spits out a comprehensive answer, always sourced and sometimes bulleted. You might say this is just Google on steroids — but really, it is Google with a bibliography.
  • Caleb Jackson, a 22-year-old junior at Ole Miss studying part time, is a fan. This way, he doesn’t have to spend hours between night shifts and online classes trawling the internet for sources. Perplexity can find them, and he can get to writing that much sooner.
  • What’s most important to Ole Miss faculty members is that students use these tools with integrity. If the university doesn’t have a campuswide AI honor code, and so far it doesn’t, individual classes should. And no matter whether professors permit all applications of AI, as some teachers have tried, or only the narrowest, students should have to disclose just how much help they had from robots.
  • ...25 more annotations...
  • “Write a five-paragraph essay on Virginia Woolf’s ‘To the Lighthouse.’” Too generic? Well, how about “Write a five-paragraph essay on the theme of loss in ‘To the Lighthouse’”? Too high-schoolish? “Add some bigger words, please.” The product might not be ready to turn in the moment it is born, fully formed, from ChatGPT’s head. But with enough tweaking — either by the student or by the machine at the student’s demand — chances are the output can muster at least a passing grade.
  • Which of these uses are okay? Which aren’t? The harnessing of an AI tool to create an annotated bibliography likely doesn’t rankle even librarians the way relying on that same tool to draft a reflection on Virginia Woolf offends the professor of the modern novel. Why? Because that kind of contemplation goes closer to the heart of what education is really about.
  • the core of the question colleges now face. They can’t really stop students from using AI in class. They might not be able to notice students have done so at all, and when they do think they’ve noticed they’ll be acting only on suspicion. But maybe teachers can control the ways in which students use AI in class.
  • Figuring out exactly what ways those ought to be requires educators to determine what they care about in essays — what they are desperate to hear. The purpose of these papers is for students to demonstrate what they’ve learned, from hard facts to compositional know-how, and for teachers to assess how their pupils are progressing. The answer to what teachers want to get from students in their written work depends on what they want to give to students.
  • ChatGPT is sort of in a class of its own, because it can be almost anything its users want it to be so long as they possess one essential skill: prompt engineering. This means, basically, manipulating the machine not only into giving you an answer but also into giving you the kind of answer you’re looking for.
  • The next concern is that students should use AI in a manner that improves not only their writing but also their thinking — in short, in a manner that enhances learning rather than bypasses the need to learn at all.
  • This simple principle makes for complicated practice. Certainly, no one is going to learn anything by letting AI write an essay in its entirety. What about letting AI brainstorm an idea, on the other hand, or write an outline, or gin up a counter-argument? Lyndsey Cook, a senior at Ole Miss planning a career in nursing, finds the brainstorming especially helpful: She’ll ask ChatGPT or another tool to identify the themes in a piece of literature, and then she’ll go back and look for them herself.
  • These shortcuts, on the one hand, might interfere with students’ learning to brainstorm, outline or see the other side of things on their own
  • But — here comes a human-generated counterargument — they may also aid students in surmounting obstacles in their composition that otherwise would have stopped them short. That’s particularly true of kids whose high schools didn’t send them to college already equipped with these capabilities.
  • Allow AI to boost you over these early hurdles, and suddenly the opportunity for deeper learning — the opportunity to really write — will open up. That’s how Caleb Jackson, the part-time student for whom Perplexity has been such a boon, sees it: His professor, he says , wanted them to “get away from the high-school paper and go further, to write something larger like a thesis.”
  • maybe, as one young Ole Miss faculty member put it to me, this risks “losing the value of the struggle.” That, she says, is what she is scared will go away.
  • All this invites the most important question there is: What is learning for?
  • Learning, in college, can be instrumental. According to this view, the aim of teaching is to prepare students to live in the real world, so all that really matters is whether they have the chops to field jobs that feed themselves and their families. Perhaps knowing how to use AI to do any given task for you, then, is one of the most valuable skills out there — the same way it pays to be quick with a calculator.
  • If you accept this line of argument, however, there are still drawbacks to robotic crutches. Some level of critical thinking is necessary to function as an adult, and if AI stymies its development even the instrumental aim of education is thwarted. The same goes for that “value of the struggle.” The real world is full of adversity, much of which the largest language model can’t tell you how to overcome.
  • more compelling is the idea, probably shared by most college professors, that learning isn’t only instrumental after all — that it has intrinsic value and that it is the end rather than merely a means to one.
  • Every step along the way that is skipped, the shorter the journey becomes, the less we will take in as we travel.
  • This glummest of outlooks suggests that AI will stunt personal growth even if it doesn’t harm professional prospects.
  • While that doesn’t mean it’s wise to prohibit every little application of the technology in class, it probably does mean discouraging those most closely related to critical thinking.
  • One approach is to alter standards for grading, so that the things the machines are worst at are also the things that earn the best marks: originality, say, or depth of feeling, or so-called metacognition — the process of thinking about one’s own thinking or one’s own learning.
  • Hopefully, these things are also the most valuable because they are what make us human.
  • Caleb Jackson only wants AI to help him write his papers — not to write them for him. “If ChatGPT will get you an A, and you yourself might get a C, it’s like, ‘Well, I earned that C.’” He pauses. “That might sound crazy.”
  • Dominic Tovar agrees. Let AI take charge of everything, and, “They’re not so much tools at that point. They’re just replacing you.”
  • Lyndsey Cook, too, believes that even if these systems could reliably find the answers to the most vexing research problems, “it would take away from research itself” — because scientific inquiry is valuable for its own sake. “To have AI say, ‘Hey, this is the answer …’” she trails off, sounding dispirited.
  • Claire Mischker, lecturer of composition and director of the Ole Miss graduate writing center, asked her students at the end of last semester to turn in short reflections on their experience in her class. She received submissions that she was near certain were produced by ChatGPT — “that,” she says as sarcastically as she does mournfully, “felt really good.
  • The central theme of the course was empathy.
Javier E

Opinion | America Is Averting Its Eyes From Something Very, Very Wrong - The New York T... - 0 views

  • social media use also differs by race and ethnicity — and there’s far less discussion of that. According to a new study by Pew, Black and Hispanic teenagers ages 13 to 17 spend far more time on most social media apps than their white peers
  • One-third of Hispanic teenagers, for example, say they are “almost constantly” on TikTok, compared with one-fifth of Black teenagers and one-tenth of white teenagers.
  • Higher percentages of Hispanic (27 percent) and Black teenagers (23 percent) are almost constantly on YouTube compared with white teenagers (9 percent); the same trend is true for Instagram.
  • ...19 more annotations...
  • Overall, 55 percent of Hispanic teenagers and 54 percent of Black teenagers say they are online almost constantly, compared with 38 percent of white teenagers;
  • Black and Hispanic kids ages 8 to 12, another study found, also use social media more than their white counterparts.
  • we also have to ask,” she went on, “why they are so drawn to social media? Is it the messages on social media that’s exacerbating the depression and anxiety, or was the depression and anxiety already there to begin with and social media is a way to self-medicate?”
  • “It’s culturally more acceptable in youth of color households to use technology for social and academic reasons compared with white households,” Charmaraman said. “Parents don’t worry as much about it. There isn’t as much shame around it.”
  • “We know broadly that youth of minoritized communities have longer commutes, fewer opportunities to do after-school activities, fewer resources,” Magis-Weinberg told me. They may not have spaces to hang out safely with friends nearby; social media is a more accessible option. “But we have to ask,” Magis-Weinberg added, “what is social media use displacing?”
  • Largely because of lower income levels, Black and Hispanic teenagers are less likely to have broadband access or computers at home. This makes them disproportionately use their smartphones, where social media apps ping, whiz and notify
  • Lucia Magis-Weinberg, an assistant professor of psychology at the University of Washington who studies teenagers and tech, compares internet use of the phone to snorkeling, whereas computers allow more of a scuba dive.
  • WhatsApp, hugely popular in Latin America, is used by Hispanic teenagers more than by other demographic groups of the same ages.
  • “The way social media use presents itself is as something that is actively harmful,” Marsh told me. Already kids from these communities have few advantages, he explained. They may not have access to after-school programs. They’re often in single-parent households. They lack support systems. “I think in the long term,” he said, “we’re going to see real differences in the impact.”
  • Let’s consider just reading, which also happens to be correlated with both mental well-being and school achievement
  • According to Scholastic’s most recent Kids and Family Reading Report, the percentage of kids ages 6 to 17 who read frequently for pleasure dropped to 28 percent in 2022 from 37 percent in 2010.
  • Those numbers fall precipitously as kids get older; 46 percent of 6- to 8-year-olds read frequently in 2022 compared with only 18 percent of 12- to 17-year-olds.
  • All this raises the possibility that disparities in internet use could in turn intensify overall declines and existing differences in reading across racial groups among adults.
  • The average daily time spent reading per capita by ethnicity in 2022 was 0.29 hours for white adults, 0.12 for Black adults and 0.10 for Hispanics.
  • In other words, one danger is that social media not only reflects real-world disparities, it could also exacerbate them.
  • Greater use of social media by Black and Hispanic young people “can help perpetuate inequality in society because higher levels of social media use among kids have been demonstrably linked to adverse effects such as depression and anxiety, inadequate sleep, eating disorders, poor self-esteem and greater exposure to online harassment,”
  • Akeem Marsh, medical director of the Home of Integrated Behavioral Health at the New York Foundling, a social services agency, said that among the hundreds of largely Black and Hispanic kids he sees from communities with fewer resources, social media use is often a primary concern or it comes up in treatment. Kids who use it frequently often respond with traumatized feelings and repeated anxiety.
  • The answer, according to experts, includes sports participation, in-person socializing, after-school clubs and activities, exploring the outdoors, reading and more.
  • We need greater awareness of the disparities as well, and most likely, immediate action. What we do not need is another “sudden” yet regrettably delayed realization that something has gone very, very wrong with America’s kids, but we were too busy looking the other way.
woodlu

Both main candidates for the South Korean presidency are reviled | The Economist - 0 views

  • LL OF SOUTH KOREA’S past presidents have been tainted by corruption investigations.
  • Politicians usually manage to get elected before becoming mired in scandals.
  • Both Lee Jae-myung of the ruling Minjoo Party and Yoon Seok-youl of the conservative opposition People Power Party (PPP) have been accused of serious wrongdoing since the campaign began. The pair deny any misdeeds. Yet each camp has tried to find advantage in the other’s adversity. With just six weeks to go, the campaign has been heavy on mudslinging and light on serious debate.
  • ...7 more annotations...
  • Mr Lee’s biggest potential headache is an investigation into allegedly corrupt land deals in Seongnam, a middle-class suburb of Seoul, while he was its mayor. He denies any involvement and has survived a parliamentary audit into the matter.
  • Two officials who were indicted on corruption charges in the case committed suicide in December. That reduces the chances that the full tale will ever come to light.
  • The opposition portrays him as a gangster, playing up alleged links to organised crime and berating him for defending men who had killed their partners when he was a lawyer.
  • prosecutors are investigating claims that, as chief prosecutor, Mr Yoon abetted an underling who allegedly helped the PPP file criminal complaints against Minjoo party lawmakers in the run-up to elections in 2020 (he denies the allegations).
  • Mr Yoon’s numerous gaffes include claims that “poor or uneducated” people do not feel the need for freedom and that those fighting against South Korea’s military dictatorship in the 1980s did not really care about democracy.
  • Mr Yoon’s family is an additional liability. His mother-in-law has received a three-year prison sentence for medical fraud. His wife, Kim Keon-hee, has admitted that she forged most of her CV when applying for jobs as an art curator.
  • This is particularly awkward given that Mr Yoon oversaw the investigation that led to the jailing of the wife of Cho Kuk, Mr Moon’s disgraced justice minister, for forging documents to help her daughter’s university application.
lucieperloff

Food Prices Hit Two-Decade High, Threatening the World's Poor - The New York Times - 0 views

  • Food prices have skyrocketed globally because of disruptions in the global supply chain, adverse weather and rising energy prices, increases that are imposing a heavy burden on poorer people around the world and threatening to stoke social unrest.
  • A global index released on Thursday by the United Nations Food and Agriculture Organization showed food prices in January climbed to their highest level since 2011, when skyrocketing costs contributed to political uprisings in Egypt and Libya. The price of meat, dairy and cereals trended upward from December, while the price of oils reached the highest level since the index’s tracking began in 1990.
  • But as the pandemic began in early 2020, the world experienced seismic shifts in demand for food. Restaurants, cafeterias and slaughterhouses shuttered, and more people switched to cooking and eating at home.
  • ...6 more annotations...
  • The effects of rising food prices have been felt unevenly around the world. Asia has been largely spared because of a plentiful rice crop. But parts of Africa, the Middle East and Latin America that are more dependent on imported food are struggling.
  • Joseph Siegle, the director of research at National Defense University’s Africa Center for Strategic Studies, estimated that 106 million people on the continent are facing food insecurity, double the number since 2018.
  • In the United States, food prices rose 6.3 percent in December compared with a year ago, while the price of restaurant meals rose 6.0 percent and the price of meat, poultry, fish and eggs jumped 12.5 percent, according to the Bureau of Labor Statistics.
  • But economists and agricultural experts say that while these efforts help at the margin, there may be little the government can do to combat a phenomenon that is both complex and global.
  • Overloaded shipping companies have been refusing to send their steel boxes to the Midwest to pick up agricultural products, instead preferring to ship them back to Asia to carry more lucrative cargo.
  • With both their costs and their sales prices increasing, many farmers are making similar margins to what they earned before, Mr. Edgington said. But “huge swings” in the price of corn, soybeans and fertilizer were still putting their finances at risk.
Javier E

Who Watches the Watchdog? The CJR's Russia Problem - Byline Times - 0 views

  • In December 2018, Pope commissioned me to report for the CJR on the troubled history of The Nation magazine and its apparent support for the policies of Vladimir Putin. 
  • My $6,000 commission to write for the prestigious ”watchdog” was flattering and exciting – but would also be a hard call. Watchdogs, appointed or self-proclaimed, can only claim entitlement when they hold themselves to the highest possible standards of reporting and conduct. It was not to be
  • For me, the project was vital but also a cause for personal sadness.  During the 1980s, I had been an editor of The Nation’s British sister magazine New Statesman and had served as chair of its publishing company. I knew, worked with and wrote for The Nation’s then-editor, the late Victor Navasky. He subsequently chaired the CJR. 
  • ...28 more annotations...
  • Investigating and calling out a magazine and editor for which I felt empathy, and had historic connections to, hearing from its critics and dissidents, and finding whistleblowers and confidential inside sources was a challenge. But hearing responses from all sides was a duty.
  • I worked on it for six months, settling a first draft of my story to the CJR‘s line editor in the summer 2019. From then on my experience of the CJR was devastating and damaging.
  • After delivering the story and working through a year-long series of edits and re-edits required by Pope, the story was slow-walked to dismissal. In 2022, after Russian tanks had rolled towards Kyiv, I urged Pope to restore and publish the report, given the new and compelling public interest. He refused.
  • he trigger for my CJR investigation was a hoax concerning Democratic Party emails hacked and dumped in 2016 by teams from Russia’s GRU intelligence agency.  The GRU officers responsible were identified and their methods described in detail in the 2019 Mueller Report.  
  • The Russians used the dumped emails decisively – first to leverage an attack on that year’s Democratic National Convention; and then to divert attention from Donald Trump’s gross indiscretions at critical times before his election
  • In 2017, with Trump in the White House, Russian and Republican denial operations began, challenging the Russian role and further widening divisions in America. A pinnacle of these operations was the publication in The Nation on 9 August 2017 of an article – still online under a new editor – claiming that the stolen emails were leaked from inside the DNC.  
  • Immediately after the article appeared, Trump-supporting media and his MAGA base were enthralled. They celebrated that a left-liberal magazine had refuted the alleged Russian operations in supporting Trump, and challenged the accuracy of mainstream press reporting on ‘Russiagate’
  • Nation staff and advisors were aghast to find their magazine praised lavishly by normally rabid outlets – Fox News, Breitbart, the Washington Times. Even the President’s son.
  • When I was shown the Nation article later that year by one of the experts it cited, I concluded that it was technical nonsense, based on nothing.  The White House felt differently and directed the CIA to follow up with the expert, former senior National Security Agency official and whistleblower, William Binney (although nothing happened)
  • Running the ‘leak’ article positioned the left-wing magazine strongly into serving streams of manufactured distractions pointing away from Russian support for Trump.
  • I traced the source of the leak claim to a group of mainly American young right-wing activists delivering heavy pro-Russian and pro-Syrian messaging, working with a British collaborator. Their leader, William Craddick, had boasted of creating the ‘Pizzagate’ conspiracy story – a fantasy that Hillary Clinton and her election staff ran a child sex and torture ring in the non-existent basement of a pleasant Washington neighbourhood pizzeria. Their enterprise had clear information channels from Moscow. 
  • We spoke for 31 minutes at 1.29 ET on 12 April 2019. During the conversation, concerning conflicts of interest, Pope asked only about my own issues – such as that former editor Victor Navasky, who would figure in the piece, had moved from running and owning The Nation to being Chair of the CJR board; and that the independent wealth foundation of The Nation editor Katrina vanden Heuvel – the Kat Foundation – periodically donated to Columbia University.
  • She and her late husband, Professor Stephen Cohen, were at the heart of my reporting on the support The Nation gave to Putin’s Russia. Sixteen months later, as Pope killed my report, he revealed that he had throughout been involved in an ambitious and lucratively funded partnership between the CJR and The Nation, and between himself and vanden Heuvel. 
  • On the day we spoke, I now know, Pope was working with vanden Heuvel and The Nation to launch – 18 days later – a major new international joint journalism project ‘Covering Climate Now!‘
  • Soon after we spoke, the CJR tweeted that “CJR and @thenation are gathering some of the world’s top journalists, scientists, and climate experts” for the event. I did not see the tweet. Pope and the CJR staff said nothing of this to me. 
  • Any editor must know without doubt in such a situation, that every journalist has a duty of candour and a clear duty to recuse themselves from editorial authority if any hint of conflict of interest arises. Pope did not take these steps. From then until August 2020, through his deputy, he sent me a stream of directions that had the effect of removing adverse material about vanden Heuvel and its replacement with lists of her ‘achievements’. Then he killed the story
  • Working on my own story for the CJR, I did not look behind or around – or think I needed to. I was working for the self-proclaimed ‘watchdog of journalism’. I forgot the ancient saw: who watches the watchdog?
  • This week, Kyle Pope failed to reply to questions from Byline Times about conflicts of interest in linking up with the subjects of the report he had commissioned.
  • During the period I was preparing the report about The Nation and its editor, he wrote for The Nation on nine occasions. He has admitted being remunerated by the publication. While I was working for the CJR, he said nothing. He did not recuse himself, and actively intervened to change content for a further 18 months.
  • On April 16 2019, I was informed that Katrina vanden Heuvel had written to Pope to ask about my report. “We’re going to say thanks for her thoughts and that we’ll make sure the piece is properly vetted and fact-checked,” I was told
  • A month later, I interviewed her for the CJR. Over the course of our 100 minutes discussion, it must have slipped her mind to mention that she and Kyle Pope had just jointly celebrated being given more than $1 million from the Rockefeller Family and other foundations to support their climate project.
  • Pope then asked me to identify my confidential sources from inside The Nation, describing this as a matter of “policy”
  • Pope asked several times that the article be amended to state that there were general tie-ups between the US left and Putin. I responded that I could find no evidence to suggest that was true, save that the Daily Beast had uncovered RT attempting cultivation of the US left. 
  • Pope then wanted the 6,000-word and fully edited report cut by 1,000 words, mainly to remove material about the errors in The Nation article. Among sections cut down were passages showing how, from 2014 onwards, vanden Heuvel had hired a series of pro-Russian correspondents after they had praised her husband. Among the new intake was a Russian and Syrian Government supporting broadcaster, Aaron Maté, taken on in 2017 after he had platformed Cohen on his show The Real News. 
  • On 30 January 2023, the CJR published an immense four-part 23,000-word series on Trump, Russia and the US media. The CJR‘s writers found their magazine praised lavishly by normally rabid outlets. Fox News rejoiced that The New York Times had been “skewered by the liberal media watchdog the Columbia Journalism Review” over Russiagate”. WorldNetDaily called it a “win for Trump”.
  • Pope agreed. Trump had “hailed our report as proof of the media assault on Trump that they’ve been hyping all along,” he wrote. “Trump cheered that view on Truth Social, his own, struggling social-media platform
  • In the series, writer Jeff Gerth condemns multiple Pulitzer Prize-winning reports on Russian interference operations by US mainstream newspapers. Echoing words used in 2020 by vanden Heuvel, he cited as more important “RealClearInvestigations, a non-profit online news site that has featured articles critical of the Russia coverage by writers of varying political orientation, including Aaron Maté”.
  • As with The Nation in 2017, the CJR is seeing a storm of derisive and critical evaluations of the series by senior American journalists. More assessments are said to be in the pipeline. “We’re taking the critiques seriously,” Pope said this week. The Columbia Journalism Review may now have a Russia Problem.  
Javier E

Opinion | American teens are unwell because American society is unwell - The Washington... - 0 views

  • Kids are unwell. Worse than ever recorded, according to two new reports tracing depression and suicidal thoughts and behaviors in teens.
  • if we want to make any lasting difference, it is us, the adults, who need an intervention.
  • Another new study based on pre-pandemic data from Iowa raises alarm
  • ...18 more annotations...
  • The systems and social media making teenagers sad, angry and afraid today were shaped in part by adults who grew up sad, angry and afraid themselves.
  • Nearly 1 in 3 high school girls reported in 2021 that they had seriously considered suicide
  • Teen girls reported the highest ever levels of sexual violence, sadness and hopelessnes
  • Rates of bullying were increasing in the state even in 2018, and researchers at Drake University found some forms of it significantly correlated with feeling sad or hopeless and attempting suicide.
  • One in 5 — nearly 53 million people — had a mental illness in 2020, ranging from anxiety to depression to bipolar disorder.
  • Yes, social media delivers concentrated, addictive stress to developing minds that were held captive by the pandemic. No, logging off TikTok and returning to school will not fix the problem — because each teen’s life ricochets off family, friends and neighbors with struggles of their own in a polity with troubles of its own.
  • “Increasing the sense among all students that they are cared for, supported, and belong at school” is one, as is growing access to mental health and substance use prevention services for kids and their families and health education classes to teach teens to manage their boundaries and emotions and to ask for help. These positive practices build resilience.
  • can we acknowledge the weight this puts on underpaid teachers and part-time counselors and nurses? People who, if they haven’t already burned out, are practicing active-shooter drills, catching students up on 18 months of lost learning and ensuring kids have enough food to concentrate in class.
  • A school’s four walls cannot hold back the trauma of society as well as, perhaps, the personal nightmare waiting for kids at home.
  • Which brings us to the adults
  • Solutions start with compassionate, radical honesty: American kids are unwell because American society is unwell.
  • Nearly 28 million adults had an alcohol use disorder.
  • As many as 3 in 100 people will have a psychotic episode in their lives
  • we, too, need a sense that we are cared for, supported and belong.
  • As kids, 61 percent of adults in the United States experienced abuse or neglect, grew up with poverty, hunger, violence or substance abuse, experienced gender-based discrimination and racism or lost a parent to divorce or death.
  • If not you, then someone you know is doing their best to stitch up those invisible wounds.
  • Here’s more hope: Brains wired by toxic stress, such as the sexual violence that 1 in 10 teen girls are facing today, have the ability to essentially heal when exposed to positive experiences.
  • Good nutrition, adequate sleep, mindfulness practices all help. Adults as well as children have neuroplasticity, and family resilience and connection are positive influences.
Javier E

A Revolution Is Coming for China's Families - WSJ - 0 views

  • In January Beijing announced that the country’s total population shrank in 2022—a decade earlier than Western demographers had been forecasting as recently as 2019.
  • one rapidly approaching demographic problem has flown under Beijing’s radar: the crisis of the Chinese family, the foundation of Chinese society and civilization.
  • The Chinese family is about to undergo a radical and historically unprecedented transition. Extended kinship networks will atrophy nationwide, and the widespread experience of close blood relatives will disappear altogether for many
  • ...24 more annotations...
  • This is a delayed but inescapable consequence of China’s birth trends from the era of the notorious one-child policy (1980-2015)
  • Beijing thus far has ignored this looming crisis because planners don’t prepare for things they don’t track. Officials don’t regard data on the family as relevant to statecraft or security. So statistics tally males and females—not uncles, sisters, cousins, widows.
  • We estimate past patterns and project trends through demographic modeling—simulations replicating China’s available population numbers—while “building” family trees consistent with those figures. We can approximate nationwide changes in China’s extended family networks in the past with reasonable validity and describe what lies ahead with fair confidence.
  • we are only now living through the era of “peak kin” in China. In terms of sheer numbers, Chinese networks of blood relatives were never nearly as thick as at the start of the 21st century.
  • Because of dramatic postwar improvements in health and mortality, men and women in their 40s today have on average five times as many living cousins as in 1960.
  • China’s “kin explosion” may be an important, heretofore unobserved factor in China’s remarkable economic performance since Mao Zedong’s death in 1976.
  • China is now on the cusp of a severe and unavoidable “kin crash,” driven by prolonged subreplacement fertility
  • China’s rising generations will likely have fewer living relatives than ever before in Chinese history.
  • A “kin famine” will thus unfold unforgivingly over the next 30 years—starting now. As it intensifies, the Chinese family—the most important institution protecting Chinese people against adversity in bad times and helping them seize opportunity in good times—will increasingly falter in both these crucial functions.
  • China’s withering of the family is set to collide with a tsunami of new social need from the country’s huge elderly population, whose ranks will more than double between 2020 and 2050
  • By 2050 living parents and in-laws will outnumber children for middle-aged Chinese men and women. Thus exigency may overturn basic familial arrangements that have long been taken for granted. The focus of the family in China will necessarily turn from the rearing of the young to the care of the old.
  • The reliability and durability of familial bonds of duty will be an increasingly critical question—perhaps even a matter of life and death for many, including frail and impecunious elders in the Chinese hinterlands
  • growing numbers of men in decades ahead will enter old age without spouses or children—the traditional sources of support for the elderly.
  • by 2050, 18% of China’s men in their 60s will have no living descendants, twice the fraction today.
  • who will look after these unfortunates?
  • Still worse than the macroeconomic implications of old-age dependency may be the effect of China’s family crisis on the so-called micro-foundations of the national economy—the little things that make markets work.
  • Since earliest recorded history, China’s guanxi networks, a distinctive form of special relationships and professional connections, have helped get business done by reducing uncertainty and transaction costs. The proliferation of blood relatives was likely a powerful stimulant for growth during the era of China’s phenomenal upswing.
  • the kin dearth may prove an economic depressant well beyond what current “head count” projections suggest.
  • China’s coming family revolution could easily conduce to a rise in personal risk aversion. Risk aversion may in turn dampen mobility, including migration.
  • Less migration means less urbanization, which means less growth—and possibly still more pessimism and risk aversion.
  • If the waning of the family requires China to build a huge social welfare state over the coming generation, as we surmise it will, Beijing would have that much less wherewithal for influencing events abroad through economic diplomacy and defense policy.
  • by 2050 at least half of China’s overall pool of male military-age manpower will be made up of only children. Any encounter by China’s security forces involving significant loss of life will presage lineage extinction for many Chinese families.
  • Autocracies are typically tolerant of casualties—but maybe not in the only-child China of today and the decades ahead.
  • Failure to contemplate the implications of the coming changes in Chinese family structure could prove a costly blind spot for the Communist Party. Blind spots expose governments to the risk of strategic surprise. The consequences of social, economic and political risks tend to be greatest when states aren’t prepared for them.
Javier E

Dilemma on Wall Street: Short-Term Gain or Climate Benefit? - The New York Times - 0 views

  • team of economists recently analyzed 20 years of peer-reviewed research on the social cost of carbon, an estimate of the damage from climate change. They concluded that the average cost, adjusted for improved methods, is substantially higher than even the U.S. government’s most up-to-date figure.
  • That means greenhouse gas emissions, over time, will take a larger toll than regulators are accounting for. As tools for measuring the links between weather patterns and economic output evolve — and the interactions between weather and the economy magnify the costs in unpredictable ways — the damage estimates have only risen.
  • It’s the kind of data that one might expect to set off alarm bells across the financial industry, which closely tracks economic developments that might affect portfolios of stocks and loans. But it was hard to detect even a ripple.
  • ...27 more annotations...
  • In fact, the news from Wall Street lately has mostly been about retreat from climate goals, rather than recommitment. Banks and asset managers are withdrawing from international climate alliances and chafing at their rules. Regional banks are stepping up lending to fossil fuel producers. Sustainable investment funds have sustained crippling outflows, and many have collapsed.
  • In some cases, it’s a classic prisoner’s dilemma: If firms collectively shift to cleaner energy, a cooler climate benefits everyone more in the future
  • in the short term, each firm has an individual incentive to cash in on fossil fuels, making the transition much harder to achieve.
  • when it comes to avoiding climate damage to their own operations, the financial industry is genuinely struggling to comprehend what a warming future will mean.
  • A global compact of financial institutions made commitments worth $130 trillion to try to bring down emissions, confident that governments would create a regulatory and financial infrastructure to make those investments profitable. And in 2022, the Inflation Reduction Act passed.
  • What about the risk that climate change poses to the financial industry’s own investments, through more powerful hurricanes, heat waves that knock out power grids, wildfires that wipe out towns?
  • “If we think about what is going to be the best way to tilt your portfolios in the direction to benefit, it’s really difficult to do,”
  • “These will probably be great investments over 20 years, but when we’re judged over one to three years, it’s a little more challenging for us.”
  • Some firms cater to institutional clients, like public employee pension funds, that want combating climate change to be part of their investment strategy and are willing to take a short-term hit. But they aren’t a majority
  • And over the past couple of years, many banks and asset managers have shrunk from anything with a climate label for fear of losing business from states that frown on such concerns.
  • On top of that, the war in Ukraine scrambled the financial case for backing a rapid energy transition. Artificial intelligence and the movement toward greater electrification are adding demand for power, and renewables haven’t kept up
  • All of that is about the relative appeal of investments that would slow climate change
  • If you bought some of the largest solar-energy exchange-traded funds in early 2023, you would have lost about 20 percent of your money, while the rest of the stock market soared.
  • There is evidence that banks and investors price in some physical risk, but also that much of it still lurks, unheeded.
  • “I’m very, very worried about this, because insurance markets are this opaque weak link,” Dr. Sastry said. “There are parallels to some of the complex linkages that happened in 2008, where there is a weak and unregulated market that spills over to the banking system.”
  • Regulators worry that failing to understand those ripple effects could not just put a single bank in trouble but even become a contagion that would undermine the financial system.
  • But while the European Central Bank has made climate risk a consideration in its policy and oversight, the Federal Reserve has resisted taking a more active role, despite indications that extreme weather is feeding inflation and that high interest rates are slowing the transition to clean energy.
  • “The argument has been, ‘Unless we can convincingly show it’s part of our mandate, Congress should deal with it, it’s none of our business,’”
  • a much nearer-term uncertainty looms: the outcome of the U.S. election, which could determine whether further action is taken to address climate concerns or existing efforts are rolled back. An aggressive climate strategy might not fare as well during a second Trump administration, so it may seem wise to wait and see how it shakes out.
  • big companies are hesitating on climate-sensitive investments as November approaches, but says that “two things are misguided and quite dangerous about that hypothesis.”
  • One: States like California are establishing stricter rules for carbon-related financial disclosures and may step it up further if Republicans win
  • And two: Europe is phasing in a “carbon border adjustment mechanism,” which will punish polluting companies that want to do business there.
  • at the moment, even European financial institutions feel pressure from the United States, which — while providing some of the most generous subsidies so far for renewable-energy investment — has not imposed a price on carbon.
  • The global insurance company Allianz has set out a plan to align its investments in a way that would prevent warming above 1.5 degrees Celsius by the end of the century, if everyone else did the same. But it’s difficult to steer a portfolio to climate-friendly assets while other funds take on polluting companies and reap short-term profits for impatient clients.
  • “This is the main challenge for an asset manager, to really bring the customer along,” said Markus Zimmer, an Allianz economist. Asset managers don’t have sufficient tools on their own to move money out of polluting investments and into clean ones, if they want to stay in business,
  • “Of course it helps if the financial industry is somehow ambitious, but you cannot really substitute the lack of actions by policymakers,”
  • According to new research, the benefit is greater when decarbonization occurs faster, because the risks of extreme damage mount as time goes on. But without a uniform set of rules, someone is bound to scoop up the immediate profits, disadvantaging those that don’t — and the longer-term outcome is adverse for all.
« First ‹ Previous 81 - 94 of 94
Showing 20 items per page