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Javier E

Why giving every American a check won't help the people who need the money the most - T... - 0 views

  • It is yet another sign of our political dysfunction that a government that dithered for weeks before getting serious about fighting a global pandemic now can’t take a few days for thoughtful debate about how to spend a trillion dollars to deal with the economic fallout.
  • It is not just an inefficient and ineffective way to stabilize the economy — it’s also a cynical ploy by President Trump and the Republican leaders in Congress to buy the next election.
  • The only reason this foolish proposal is under serious consideration is that it was cooked up in secret over the weekend by politicians spooked by the rout on the stock market, worried about losing the next election and desperate to show they are doing something “big” other than bailing out private industries.
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  • There was no serious analysis done by professionals at the White House, Treasury or the Congressional Budget Office, no input from congressional committees, no consultation with Democrats and certainly no public debate.
  • “Give Every American $2,000, Immediately,” demanded the very serious people at the New York Times in Thursday’s lead editorial, a mishmash of economic nonsense, liberal grievances and Democratic talking points.
Javier E

Dan Patrick's on-air plea captures an essential truth about Trump - The Washington Post - 0 views

  • Patrick, a Republican, noted that it’s time to “get back to work,” adding that seniors such as him should be willing to be “sacrificed” if necessary, so our children don’t “lose our whole country” to an “economic collapse”:
  • Right now, Trump is actively considering relaxing federal recommendations on social distancing. As Trump put it, “we cannot let the cure be worse than the problem itself.”
  • Health experts are screaming warnings. As Tom Inglesbe, the director of Johns Hopkins Center for Health Security, powerfully argues, the failure to test has dramatically undercounted the true numbers of those infected. This, plus a looming exponential surge in cases, almost certainly means that, if we don’t continue major social distancing, our health system will soon be overwhelmed.
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  • the World Health Organization is now warning that a major acceleration could turn the United States into the next coronavirus global epicenter.
  • What Trump is really proposing here — and what Patrick is justifying — is a further washing-of-hands of responsibility for this whole affair.
  • the current Trump/Patrick line is that we should risk millions more dying, even though we’d only be guessing that relaxing social distancing would help the economy, when in fact the mounting deaths would take their own economic toll.
  • the very indeterminate nature of this guesswork — by Patrick and Trump alike — is what captures an essential truth about Trump’s handling of this whole disaster.
  • Trump plainly wants to ward off the coming economic downturn — no matter the cost — because he fears for his reelection
  • We don’t have to choose between unbearably high mass death totals and an economic collapse that dooms the American experiment. The government can send people money in sufficient sums and fortify the welfare state to save them from personal economic calamity, while bailing out small and large businesses with tight conditions that sagely protect taxpayers and working people.
  • That directive becomes exponentially more irresponsible and dangerous, because Trump is advocating a course of action that will result in many more cases while also refusing to do everything possible to marshal the needed supplies for dealing with that coming tidal wave.
Javier E

Trump's Leadership - WSJ - 0 views

  • Who’s left?
  • Who’s left is the president we’ve got, the one elected in 2016. With Democrats bailing out on bipartisanship in a unique circumstance, the responsibility of national leadership—a historic opportunity—defaults to Mr. Trump.
  • There are national problems and there are national crises. In the latter, as in world wars, the task of national leadership is to protect a nation’s confidence in itself so that it can emerge intact as a society.
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  • American success isn’t a random effect. It requires leadership.
  • Mr. Trump will emerge from this crisis either as just another president or a president who led his entire country through a great battle. If Democrats choose to be the opposition in this battle, voters will judge that choice.
  • Mr. Trump’s path to presidential greatness may begin by doing something small but desired by virtually all Americans: Separate himself from the pettiness of our politics
  • It diminishes a wartime president to spend valuable time tussling with the barely relevant nonquestions of NBC reporters. It diminishes the president’s most impressive accomplishment: delegating and distributing operational authority for the details of the coronavirus battle to Vice President Mike Pence and the task force’s scientific and administrative experts.
  • Churchill had his war rooms. The White House press scrum is no war room. The public will keep faith with the president if it believes policy decisions are being made in the Situation Room.
  • If by September Mr. Trump and his team are bringing the U.S. through the threat from this pandemic, he will be re-elected. Without a single rally. Rallying a nation is what gets presidents remembered.
aniyahbarnett

Hundreds gathered across the US to support Asian communities after Atlanta-area spa kil... - 0 views

  • Long-simmering fears of violence boiled over for many Asian Americans last week, when eight people were gunned down at Atlanta-area spas
  • "I'm Asian, and I'm a woman. And if I don't stand up for myself, then no one else will
  • "I want people to finally hear us ... not only when we're trending,"
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  • all the way down from our neighbors, all the way up to lawmakers. That's the kind of change I want to see."
  • Anti-Asian hate crimes have more than doubled during the pandemic,
  • y were hate crimes.
  • he had a sex addiction and that he saw the spas as "a temptation ... that he wanted to eliminate,"
  • Long is being held without the chance for bail in Cherokee County
  • one count of attempted murder, one count of aggravated assault and five counts of using a firearm while committing a felony
  • In Atlanta, multiple Korean church congregations held a Korean language service outside the Gold Spa in honor of the victims
  • There has been a rise in anti-Asian violence and an increase in vandalism at Asian-owned businesses across the Denver area in the past year,
  • Low said there have been reports of spitting, slurs, and graffiti targeting community members, as well as countless unreported crimes.
  • He said the US has had policies in place for more than 100 years that target and discriminate against Asian Americans, including the Chinese Exclusion Act of 1882 and Executive Order 9066, which ordered Americans of Japanese descent into internment camps in the 1940s.
  • e 1982 killing of Vincent Chin,
  • Within an hour of the first shooting, four more Asian women were killed at two spas on Piedmont Road in Atlanta:
  • The families of the victims who have spoken out said they want justice for the senseless deaths of their loved ones.
  • "This was a massacre.
  • "no longer affirm that he is truly a regenerate believer in Jesus Christ.
  • "absolutely devastated at this senseless loss of life and callous disregard for human beings created in the image of God
clairemann

Colorado Shooting Suspect Makes 1st Court Appearance | HuffPost - 0 views

  • Three days after he was led away in handcuffs from a Boulder supermarket where 10 people were fatally shot, the suspect appeared in court Thursday for the first time and his defense lawyer asked for a mental health assessment “to address his mental illness.”
  • Alissa, 21, remains held without bail on 10 charges of first-degree murder and a prosecutor said that authorities planned to file more charges.
  • A law enforcement official briefed on the shooting had previously said the suspect’s family told investigators they believed Alissa was suffering some type of mental illness, including delusions.
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  • Relatives have described times when Alissa told them people were following or chasing him, which they said may have contributed to the violence, the official said. The official was not authorized to speak publicly and spoke to The Associated Press on condition of anonymity.
  • Ahmad Al Aliwi Alissa has been jailed for investigation of murder since he was arrested inside the King Soopers supermarket in Boulder on Monday and treated at a hospital for a leg wound. He was to hear the pending charges he faces and his rights as a defendant, and he would not be asked for a plea until later in the judicial process.
  • A rifle, a green tactical vest and a handgun were recovered inside the grocery store, according to an arrest affidavit.
  • “Whatever you’re feeling, whatever you’re thinking, no matter how uncomfortable, it’s completely natural,” Weiner-Davis said. “Be patient with yourself. Additionally, be just as compassionate with the people in your lives who might also be struggling.”
clairemann

How Boulder tried to regulate guns - The Washington Post - 0 views

  • In the days before the vote, there was a dress rehearsal of sorts, testing how quickly city council members could duck behind the dais, which had been made bulletproof before the occasion.
  • “So it was clearly more than just theoretical at that point,” Weaver said. “It was probably the most intense piece of council work I have ever done.”
  • The night this city banned assault weapons provides a vivid, frightening example of how hard corralling gun ownership and mass shootings has been in Colorado, where the killings at Columbine High School in 1999 and a movie theater in Aurora 13 years later have proved that gun violence here is far from theoretical.
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  • A state court overturned Boulder’s assault weapons ban just days before Ahmad Al Aliwi Alissa, who appeared in court on 10 murder charges for the first time Thursday and will be held without bail pending trial, allegedly traveled a half-hour from his home to carry out the killings.
  • Law enforcement officials have not disclosed where he acquired the Ruger AR-556 within a week of the shooting. Nor have Boulder’s elected leaders directly blamed the ruling that lifted the assault weapons ban for the tragedy.
  • “I’m not going to pretend that if that law wasn’t struck down, this wouldn’t have happened,” said state Sen. Stephen Fenberg (D), the chamber’s majority leader, whose district includes Boulder. “But it doesn’t mean it shouldn’t be addressed.”
  • Like cities such as Berkeley, Calif., and Takoma Park, Md., it forges its own foreign policy, forming a view of how the world should work that differs at times from the outlook in the more conservative state around it. In Colorado, a city’s right to make its own laws and impose its own taxes is called “home rule,” a status Boulder has.
  • “We are not changing state law other than saying a local government can regulate firearms,” Fenberg said. “We are a local-control state — our entire public school system basically is local control. So it’s not uncommon that we pass laws or have long-standing laws on the books that allow local governments to do these types of things.”
anonymous

Opinion | Can Libya Put Itself Back Together Again? - The New York Times - 0 views

  • Few countries exemplify the tragedy of the Arab Spring like Libya. The fall of the 42-year dictatorship of Col. Muammar el-Qaddafi brought a decade of anarchy as competing governments, militias and foreign powers struggled to seize control of the oil-rich country. The United States and NATO allies that had backed the anti-Qaddafi uprising with a bombing campaign largely turned their backs after he fell, and past United Nations efforts to forge a government foundered in the chaos.
  • Libyans have a chance to clamber out of the mess. A cease-fire of sorts has been holding since October, and a broad-based political forum convened by the United Nations in November managed to appoint a prime minister and a three-member presidential council charged with leading the country to elections this coming December.
  • But if there’s to be any chance for peace, the foreign powers that have flooded Libya with weapons, drones and mercenaries — primarily Russia, Turkey, Qatar and the United Arab Emirates
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  • The United States has not been directly involved in the illicit arms race. But it bears responsibility for the mess by bailing out of the conflict soon after Colonel el-Qaddafi was overthrown and killed
  • In any event, a major infusion of military support for the Government of National Accord by Turkey blunted Mr. Hifter’s offensive, leading to a cease-fire in October, the convening of the Libyan Political Dialogue Forum in November and the appointment of an interim administration.
  • The interests of the foreign powers range from avarice to influence, and given the vast resources they have invested in Libya, they no doubt stand ready to resume their meddling if the peace process collapses. But they also appear to appreciate that they and their clients have fought to a stalemate, and that reverting to their zero-sum game might be futile.
  • Peace in Libya matters for reasons beyond its own sake. The country has huge reserves of oil, and the anarchy of the past decade has made it a prime jumping-off point for refugees seeking to flee to Europe across the Mediterranean. Shortly after leaving the White House, former President Barack Obama declared in an interview that the failure to plan for the aftermath of Colonel el-Qaddafi’s exit was the “worst mistake” of his presidency.
  • here’s a glimmer of hope.
  • id Dbeibah, a billionaire who was a close associate of Colonel el-Qaddafi, stands accused of buying the votes that gave him the job. The interim team and the cabinet it proposes need to survive a vote of confidence in a House of Representatives that is also split in two, one side based in Tobruk and the other in
  • This peace process is the best chance to date to put Libya together again. Libyans are thoroughly sick of the fighting, banditry and destruction that have plagued their country for a decade, and tired of the foreign powers and mercenaries who have spread death across the land, much of it through armed drones. The U.N. estimates there are now at least 20,000 mercenaries in Libya.
  • statement from Secretary of State Antony Blinken last month praised Ms. Williams for her “creativity and tenacity” in facilitating the process, and declared that the United States “supports the Libyan vision of a peaceful, prosperous and unified Libya with an inclusive government that can both secure the country and meet the economic and humanitarian needs of it
mimiterranova

Hong Kong: China approves 'patriotic' plan to control elections - BBC News - 0 views

  • China's legislature has approved a resolution to overhaul Hong Kong's electoral system - its latest move to tighten control over the city.
  • The "patriots governing Hong Kong" resolution was passed at the National People's Congress (NPC) on Thursday. It will reduce democratic representation and allow a pro-Beijing panel to vet and elect candidates.The former British colony was handed back to China in 1997 under a model called "one country, two systems".Under the deal, which gave the territory freedoms not available in mainland China, Hong Kong also had its own mini-constitution and an elected parliament.The latest Chinese move follows a series of measures that have tightened Beijing's grip on Hong Kong, including the passing of a national security law and a crackdown on activists and opposition politicians.Detailed legislation will now be drafted and could be enacted in Hong Kong within the next few months.
  • Once again, China is arguing that this reform - with its political loyalty test for candidates - is necessary to ensure stability. But critics will argue it abolishes another fundamental underpinning of the city's special freedoms - the ability to channel dissent through the political process itself.The pro-democracy protests, although sometimes violent, were accompanied by mass popular support with as many as two million taking peacefully to the streets. In late 2019, the democrats won a landslide in Hong Kong's local elections, the city's only truly democratic ballot. That may have spooked Beijing more than barricades and petrol bombs. But is its victory now complete? "It is very sad," the former Democratic Party chairperson Emily Lau told me. "But I insist this doesn't mean the game is over for Hong Kong because the fight will go on."
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  • Since the law has been enacted in June, around 100 people have been arrested, including China critic and media tycoon Jimmy Lai, who was denied bail and is in detention awaiting trial.
anonymous

Opinion | Should Biden Cancel Student Debt? - The New York Times - 0 views

  • Should Biden Cancel Student Debt?Economics offers only part of the answer. The rest depends on whether you think higher education is an investment or a public good.
  • Whenever I think about student loan debt, one of the first things I think about — besides my own — is a 2018 essay by my colleague M.H. Miller. As one of the 45 million Americans who collectively owe $1.71 trillion for student loans, Mr. Miller wrote about what it is like to have debt — more than $100,000 worth in his case — become the organizing principle of your life, to be incapacitated by it, suspended, at age 30, “in a state of perpetual childishness.”
  • The economic injustice argument tends to invite a lot of debate about how best to tailor cancellation to those who are suffering most from the crisis, which isn’t always the same thing as who has the largest student loan balance. That’s because student debt, in dollar terms, is concentrated among people who make more money and tend to be much better able to make their monthly payments than borrowers who owe relatively small amounts.Here’s a chart from Matt Bruenig at the People’s Policy Project that shows the spread:Editors’ PicksWhere Is Hollywood When Broadway Needs It?75 Artists, 7 Questions, One
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  • From this vantage, proponents argue that the student debt crisis incurs social costs even in the case of better-off borrowers, like lawyers who have to go into corporate law instead of becoming public defenders because they have $200,000 in law school loans to pay off. And then there are borrowers for whom “affording” payments means being saddled with the depressing obligation to delay or forgo major life milestones like having children, owning a home and saving for retirement.
  • Virtually everyone in this debate agrees that cancellation would only treat the symptoms of the student debt crisis, not cure its causes. Some say it could make the problem even worse by, in effect, bailing out schools whose value has outstripped their cost, causing tuitions to rise even higher and incentivizing people to take out loans they can’t afford with the expectation they will be forgiven.
mattrenz16

Kyle Rittenhouse Trial In Kenosha Killings Delayed Until November : NPR - 0 views

  • A Wisconsin judge on Wednesday delayed the murder trial of Kyle Rittenhouse, who is charged with fatally shooting Black Lives Matters protesters in Kenosha last summer.
  • Prosecutors as well as Rittenhouse's defense attorneys had asked for the postponement, arguing they needed more time to build their respective cases. Kenosha County Circuit Judge Bruce Schroeder also set a meeting for May, to ensure that the new timeline still works for the two legal teams.
  • Months after his release, Rittenhouse was spotted in a Wisconsin bar with possible members of the Proud Boys, an extremist group that federal prosecutors say played a critical role in storming the U.S. Capitol on Jan. 6.
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  • In February, Schroeder refused to issue a new arrest warrant or increase Rittenhouse's bail, after he failed to update his current address with the court. But he did prohibit the shooter from associating with white supremacists.
  • On Wednesday, Rittenhouse's lawyers said they needed extra time to finish up a public opinion poll "to get a feel for whether Rittenhouse can expect to get a fair trial in the county, or if there might be reason to seek a change of venue or a jury pool from another county," the Milwaukee Journal-Sentinel reported.
Javier E

Anarchists and an increase in violent crime hijack Portland's social justice movement -... - 0 views

  • when you look over the longer history of what’s been going on in Portland — there’s something else happening. It’s not just the protests. It is not just covid-19. There is something else going on in Portland.”
  • Henning and others say crime was rising in the city before the pandemic shut it down and before Floyd died in Minneapolis with a White police officer’s knee on his neck. From 2019 to 2020, the number of homicides nearly doubled, something Henning called “unheard of” in Portland. This followed years with some of the nation’s lowest crime rates for a city its size.
  • “So these perpetrators, my guess, were coming of age, were in elementary and middle school right around the Great Recession,” said Brian Renauer, director of the Criminal Justice Policy Research Institute at Portland State. “Now they’re in their early to mid-20s. So what we’re seeing is the outgrowth of a breakdown in the family, in the economy, in those neighborhoods they came out of, if this is very much a homegrown phenomenon.”
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  • The rising gun violence, and for a time the downtown demonstrations, have stressed the police department and put it largely on its back foot, as a response unit rather than a force with resources to prevent crime. As one measure, police response time to emergency calls has more than doubled over the past eight years, to more than 40 minutes of wait-time before a call is even fielded by emergency dispatchers.
  • “Police are bailing,” Henning said. “We are losing our best, most experienced officers left and right, and calls for service are increasing every year.”
  • The Portland Police Bureau is authorized to have 1,001 sworn officers. At the moment it has about 900, a shortage that city officials blame on a lack of urgency in hiring and police leaders attribute to a lack of support and funding.
  • The City Council last year cut about $27 million from the roughly $200 million police budget — about $11 million because of a pandemic-caused budget crisis, and $15 million as part of the “defund” effort to shift some police resources to other agencies that may be able to handle nonviolent calls more effectively.
  • But Schmidt, who was elected with 77 percent of the vote, said the “message I was sending got twisted,” and the public began to think that no cases associated with protests would be prosecuted. Vandalism and property crimes spiked — and at a time of rising violence against young men of color, Schmidt was making the rounds to explain that people who broke windows and burned buildings would be prosecuted.
  • What I know is that being chief, and being a Black chief in particular, this movement to really exclude police from some facets of enforcement or community interaction, it really bears the brunt on the African American community,” Lovell said. “These shootings have an outsized impact on people of color.”
  • The chief’s goal to reestablish a larger uniformed presence on Portland’s streets and in its most dangerous neighborhoods appears to be supported by many residents, who just a year ago were very much opposed to the city’s police practices
  • But the police bureau also disbanded a unit last July that focused specifically on gun violence, a high-profile initiative that had been designed to make the agency less reactive and more attuned in advance to rising gang- and gun-related crime as the protests began slowly fading.
  • “They are trying to run a Cadillac with a Volkswagen engine,” said Daryl Turner, who retired after nearly 30 years as a Portland police officer to lead its largest union, the Portland Police Association. “You cannot defund the police and expect the changes they are seeking. Our public officials are not reading the data.”
  • I was faced with a bunch of competing priorities,” he continued. “Do I use the power of this office to essentially criminalize people who are showing up to criticize the criminal justice system and the inherent conflict in making that decision? If I had to do that, from a public safety standpoint, is there a good public safety case to be made for people being prosecuted for this conduct?”
  • A poll conducted by the Oregonian newspaper this month found that three-quarters of Portland-area residents did not want police officer levels to decline more than they have. Just more than half said they favored an increase in the number of officers.
  • So would police officers, a pledge he ran on. Within months, Schmidt will bring two cases involving shootings by officers to grand juries for possible indictments. He will hire outside counsel to present the cases, a change in policy designed to strengthen the public’s sense of independent accountability for police action.
  • Wheeler, the mayor, said he believes that the city has begun to recover, at least from the demonstrations that have left downtown largely empty on most days. Over the past year, he said, the city has recorded an 85 percent decline in downtown foot traffic. The result has been economic despair and more crime.
  • “Portland has always had this great tradition of protest,” Wheeler said. “But the anarchists that joined into the demonstration really co-opted what had been a nonviolent message in favor of change. And now that group has gotten much smaller, but also much more blatant in the damage they are causing and the targets they are picking.”
  • Over the spring, the group of self-described anarchists, usually masked and dressed in black, has shattered windows at the Oregon Historical Society, at a Boys & Girls Club, at a public library, and at many small businesses, including some owned by Black merchants. Wheeler made a public plea for Portlanders to “take the city back.”
  • At City Hall, Wheeler and the rest of the council are debating ways to increase police resources, a shift for a symbol of the defund movement.
  • he mayor plans to triple the number of unarmed officers in the police bureau, from 11 to 33, to help manage reports related to mental illness and mounting homelessness while freeing up armed police for more serious calls.
  • “I think other people are just understanding that this is a really challenging time to be a police officer,” Wheeler said. “And we are finally putting racial disparity and institutional racism front and center in our society. This is an opportunity for us to be honest about its existence, to call it out for what it is and to change it.”
aidenborst

Amari Nicholson: Las Vegas man accused of killing his girlfriend's 2-year-old son plead... - 0 views

  • The man accused of killing his girlfriend's 2-year-old son in Las Vegas pleaded not guilty Wednesday.
  • Terrell Rhodes, 27, appeared in court, confirming to a judge that he understood the charges against him and pleading not guilty. Bail was not discussed, and Rhodes remains in custody.
  • He faces 11 charges: first-degree murder, two counts of attempted murder with the use of a deadly weapon, four counts of assault on a protected person using a deadly weapon and four counts of resisting a public officer with a firearm.
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  • The child, Amari Nicholson, was last seen May 5.Read MoreLas Vegas police questioned Rhodes on May 11 and a police report says he confessed to the killing and was arrested.
  • Rhodes "was briefly able to retrieve an officer's firearm" during a scuffle as the arrest was being made, but no shots were fired, according to Lt. Richard Meyers with the Las Vegas Metropolitan Police Department.
  • Rhodes' next hearing is scheduled for June 11. His attorney, Robert Langford, has asked that his client be allowed to appear remotely from jail.
saberal

Texas voting bill leads to dramatic Democrat walkout at state Capitol - 0 views

  • WASHINGTON – The fight over Texas Republican lawmakers' attempts to rewrite election laws reached a fever pitch over the Memorial Day weekend. 
  • In response, Abbott announced the bill will be added to a special session agenda. "Election Integrity & Bail Reform were emergency items for this legislative session. They STILL must pass," he wrote on Twitter. "Legislators will be expected to have worked out the details when they arrive at the Capitol for the special session."
  • Texas Democrats called for Congress to pass national legislation that would protect the right to vote. "We did our part to stop SB 7. Now we need Congress to do their part by passing HR 1 and the John Lewis Voting Rights Act," tweeted state Rep. Erin Zwiener, D-Driftwood.
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  • During debate Sunday night, Democrats singled out language not previously included in the bill that would allow a court to void an election if there were enough fraudulent votes to change the outcome.  "The implications of this are unthinkable," said state Rep. Julie Johnson, D-Farmers Branch. 
  • The For the People Act passed the House in March. It has no Republican backers. The John R. Lewis Voting Rights Advancement Act has yet to be taken up in the House. 
Javier E

The GameStop Reckoning Was a Long Time Coming - The New York Times - 0 views

  • In any reading, the most unusual thing about Wall Street’s being challenged by a rowdy band of Redditors is that it took so long to happen. This kind of populist revolt — internet-based insurgents gleefully pulling down the pants of the unsuspecting establishment — has been happening for years, to many powerful institutions.
  • Book publishers, movie studios, restaurant chains — all of them have, in some way, been forced to cede power to their online critics. Our politics, too, have been transformed by internet activists, with TikTok teens disrupting presidential rallies and Twitch-streaming memelords storming the Capitol.
  • these internet-based insurgencies tend to follow a similar pattern. One day, a group decides to take action against a system it feels is immoral or corrupt. Members identify structural weak points (a vulnerable political party, a risk-averse studio head, an overexposed short position) and figure out creative ways to exploit them, using social media for leverage and visibility. With enough highly motivated people pushing in the same direction, they eventually prevail, or get enough attention that it feels like they did.
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  • These online crusades can be waged in good faith or in bad faith, and some can become deeply destructive. (The classic example of a bad-faith battle is Gamergate, a 2014 culture war that started as a feud over video game journalism but morphed into a toxic campaign of violent misogyny and racism that paved the way for the alt-right.)
  • because trading stocks costs money — and required some level of expertise and time commitment — it was mostly left to professionals.
  • Smartphone-based trading apps like Robinhood changed that, by introducing commission-free trades and an interface that made executing a gamma squeeze as straightforward as ordering a burrito from Uber Eats. Suddenly, millions of amateurs could organize themselves, generate their own market research and investment theses, drum up excitement in Reddit threads and TikTok videos, and enter the casino with the big boys
  • author Martin Gurri calls “the revolt of the public.” Mr. Gurri writes that the internet has empowered ordinary citizens by giving them new information and tools, which they then use to discover the flaws in the systems and institutions that govern their lives. Once they’ve discovered these shortcomings, he writes, these citizens often rebel, tearing down elites and dominant institutions out of anger at having been lied to and withheld from.
  • Big banks and hedge funds really do play by different rules than retail investors. Wall Street banks really did get bailed out after the 2008 financial crisis while Main Street homeowners suffered. M.B.A.s in fancy suits are probably no more likely to give you good investing advice than guys on YouTube with names like “RoaringKitty.”
  • If you can get past the all-caps lunacy and strange inside jargon, the Redditors make some good points
  • The result, Mr. Gurri writes, is a kind of vengeful nihilism, an urge to burn down the establishment without a clear sense of what’s supposed to replace it.
  • Retail investors, armed with new kinds of tools and information that allow them to compete on equal footing with professionals, are looking at the Masters of the Universe and going: Really? Those guys run the market?
  • this is not just a speculative bubble or a stupid prank. It’s an authority crisis. And even if GameStop stock crashes or regulators step in and call off the party, these disillusioned day traders will keep trying to create chaos for the elites they feel have spent decades profiting at their expense.
  • for the Reddit day traders, the important victory was always the symbolic one. They might lose their shirts, but they’ve sent the message that with enough passion and rocket-ship emojis, a crowd of profane, irreverent degenerates — again, their words, not mine — can turn the stock market on its head.
Javier E

Middle-Class Americans Are Sick of Elite Privilege - The Atlantic - 0 views

  • the most important, least understood, and underappreciated political dynamic of our era: a full-on middle-class revolt against the elites and the privileges they hoard. For all the focus on inequality and social justice, this middle-class revolt is the most important barrier standing between Democrats and the White House.
  • Think of what’s happened over the past decade and a half. America endured a war sold on false premises, a bailout of bankers issuing entirely toxic debt, and a massive public effort to prop up auto executives who were building cars that weren’t selling. Is it any wonder so many middle-class taxpayers resent the elites? The middle class has been forced to bail them out from their own mistakes time and time again—and yet the beneficiaries of that goodwill haven’t apologized, let alone taken responsibilit
  • No matter how noxious he was personally—and despite the irony that he was a perfect example of elite privilege—Trump embodied the country’s desire to hit back. Justice was a long time coming.
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  • The answer certainly isn’t socialism. Middle-class voters currently presume that elites already control the government—so why would they want to give the bureaucracy any more power?
  • Trump is focused on tariffs because there’s a widespread belief that existing trade agreements have been crafted to benefit the rich. The White House picks fights on immigration because the issue paints Democrats as champions of constituencies that aren’t following the rules
  • we had a fierce debate inside the White House about how to sequence our pushes for health care, climate change, and financial reform. As the White House chief of staff, I argued, unsuccessfully, that the American people needed the catharsis of seeing that the bankers who had gotten the country into this mess were being forced to take responsibility—that faith in government would plummet if we failed to deliver some “Old Testament justice.” Others feared that attacking Wall Street would undermine the recovery, and they won the day. Perhaps they were right on the economics. But the political implications were significant, and we’re still living with them toda
  • Democrats need to become the party of justice. They need to demand accountability from bad actors—and point out where Republicans would give them a pass.
  • when people make decisions that affect innocent bystanders—beating the drums for an ill-conceived war, making complicated financial instruments—they should be the party standing up for middle-class interests and values.
  • Every time Democrats look at a problem, they think of a program. And while those programs often point the way forward, Democrats need to focus their energy on convincing the middle class that they share their values more than just their economic interests.
  • Democrats need to prove to them that they know the difference between right and wrong, and that begins with owning the terms accountability and responsibility. Democrats need to be the ones demanding that those who fall short, no matter how privileged, be made to answer for their own decisions.
katherineharron

Activists move from 'protests to the polls' in a push to shape a slew of local races on... - 0 views

  • Progressive activists are working to turn this year's nationwide protests over police brutality and racial injustice into results at the polls on Election Day,
  • Georgia Democrats need to flip 16 seats out of 180 to take control of the chamber.
  • In addition, the Color of Change PAC, the political arm of a longstanding civil rights organization, has endorsed a slate of what it defines as progressive prosecutors. And liberal organizations recently created The Frontline initiative to turn out young people of color.
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  • The Working Families Party, aligned with high-profile progressives, such as New York Democratic Rep. Alexandria Ocasio-Cortez, is battling on behalf of liberal candidates in contests that will decide who holds positions as sheriffs and prosecutors.
  • "We're going from protests to the polls," Angela Angel, a former Maryland state legislator who is a senior adviser to the new Black Lives Matter PAC, told CNN. "We understand in this moment that the real power is in exercising our right to vote."
  • the group has targeted young voters in more than a dozen key states with a particular focus on reaching people who had requested absentee ballots but had not yet returned them.
  • In Georgia, a traditionally red state now in play in this year's presidential and US Senate elections, the Black Lives Matter PAC is backing Joyce Barlow, a Democrat running for the Georgia House of Representatives to represent a swath of rural southwest Georgia.
  • A study released earlier this year by the Prosecutors and Politics Project at the University of North Carolina's Law School at Chapel Hill examined more than 2,300 prosecutors' races around the country and found contested elections in fewer than 700 -- or less than a third -- in either the primary or general election.
  • In Florida, meanwhile, the PAC is urging a "yes" vote on Amendment 2, which would phase in a $15-an-hour minimum wage in the Sunshine State by 2026.
  • Tuesday's election "isn't just about the presidency. Your money, your minimum wage is on the ballot."
  • "We saw that very different outcomes were realized by Black people killed by police violence, based on the prosecutors elected in their jurisdictions," said Arisha Hatch, who oversees the Color of Change PAC.
  • Taylor's mother has sought the appointment of an independent prosecutor to handle the case. In September, Cameron announced that a grand jury indicted one former Louisville Metro Police Department Detective Brett Hankison, with three counts of first-degree wanton endangerment in connection with his actions on the night of the raid.
  • But the Color of Change PAC and other liberal groups are putting their political muscle into local prosecutors' races around the country
  • The groups engaged in electoral politics include Black Lives Matter, the sprawling social justice organization closely associated with this year's protests.
  • Rural counties might lack enough lawyers to mount a challenge to an incumbent. Prosecutor elections don't generate much attention. And voters don't always understand the power local county and district attorneys wield.
  • The Working Families Party mailers in the race tout Rucker's opposition to cash bail for non-violent offenses. "People shouldn't be sitting in jail because they can't afford to not be there," Rucker said in an interview with CNN.
  • The Working Families Party's "people's charter" calls to "shift resources away from policing, jails and detention centers" and into schools, housing and jobs programs.
Javier E

Why You Can Dine Indoors but Can't Have Thanksgiving - The Atlantic - 0 views

  • Because the state and city had reopened restaurants, Josh, who asked to be identified only by his first name to protect his privacy, assumed that local health officials had figured out a patchwork of precautions that would make indoor dining safe.
  • They were listening to the people they were told to listen to—New York Governor Andrew Cuomo recently released a book about how to control the pandemic—and following all the rules.
  • Josh was irritated, but not because of me. If indoor dining couldn’t be made safe, he wondered, why were people being encouraged to do it? Why were temperature checks being required if they actually weren’t useful? Why make rules that don’t keep people safe?
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  • Before you can dig into how cities and states are handling their coronavirus response, you have to deal with the elephant in the hospital room: Almost all of this would be simpler if the Trump administration and its allies had, at any point since January, behaved responsibly.
  • In the country’s new devastating wave of infections, a perilous gap exists between the realities of transmission and the rules implemented to prevent it. “When health authorities present one rule after another without clear, science-based substantiation, their advice ends up seeming arbitrary and capricious,”
  • “That erodes public trust and makes it harder to implement rules that do make sense.” Experts know what has to be done to keep people safe, but confusing policies and tangled messages from some of the country’s most celebrated local leaders are setting people up to die.
  • Across America, this type of honest confusion abounds. While a misinformation-gorged segment of the population rejects the expert consensus on virus safety outright, so many other people, like Josh, are trying to do everything right, but run afoul of science without realizing it.
  • Early federal financial-aid programs could have been renewed and expanded as the pandemic worsened. Centrally coordinated testing and contact-tracing strategies could have been implemented. Reliable, data-based federal guidelines for what kinds of local restrictions to implement and when could have been developed.
  • The country could have had a national mask mandate. Donald Trump and his congressional allies could have governed instead of spending most of the year urging people to violate emergency orders and “liberate” their states from basic safety protocols.
  • But that’s not the country Americans live in. Responding to this national disaster has been left to governors, mayors, and city councils, basically since day one
  • When places including New York, California, and Massachusetts first faced surging outbreaks, they implemented stringent safety restrictions—shelter-in-place orders, mask mandates, indoor-dining and bar closures. The strategy worked: Transmission decreased, and businesses reopened. But as people ventured out and cases began to rise again, many of those same local governments have warned residents of the need to hunker down and avoid holiday gatherings, yet haven’t reinstated the safety mandates that saved lives six months ago
  • Even in cities and states that have had some success controlling the pandemic, a discrepancy between rules and reality has become its own kind of problem.
  • it’s a lot of wasted time and money.” Instead of centralizing the development of infrastructure and methods to deal with the pandemic, states with significantly different financial resources and political climates have all built their own information environments and have total freedom to interpret their data as they please.
  • beneath this contradiction lies a fundamental conflict that state and local leaders have been forced to navigate for the better part of a year. Amid the pandemic, the people they govern would generally be better served if they got to stay home, stay safe, and not worry about their bills. To govern, though, leaders also need to placate the other centers of power in American communities: local business associations, real-estate developers, and industry interest groups
  • The best way to resolve this conflict would probably be to bail out workers and business owners. But to do that at a state level, governors need cash on hand; currently, most of them don’t have much. The federal government, which could help states in numerous ways, has done little to fill state coffers, and has let many of its most effective direct-aid programs expire without renewal.
  • If you make people safe and comfortable at home, it might be harder to make them risk their lives for minimum wage at McDonald’s during a pandemic.
  • However effective these kinds of robust monetary programs may be at keeping people fed, housed, and safe, they are generally not in line with the larger project of the American political establishment, which favors bolstering “job creators” instead of directly helping those who might end up working those jobs
  • Why can’t a governor or mayor just be honest? There’s no help coming from the Trump administration, the local coffers are bare, and as a result, concessions are being made to business owners who want workers in restaurants and employees in offices in order to white-knuckle it for as long as possible and with as many jobs intact as possible, even if hospitals start to fill up again. Saying so wouldn’t change the truth, but it would better equip people to evaluate their own safety in their daily life, and make better choices because of it.
  • Kirk Sell stopped me short. “Do you think it might be the end of their career, though?” she asked. “Probably.”
  • With people out of work and small businesses set up to fail en masse, America has landed on its current contradiction: Tell people it’s safe to return to bars and restaurants and spend money inside while following some often useless restrictions, but also tell them it’s unsafe to gather in their home, where nothing is for sale.
  • Transparency, Kirk Sell told me, would go a long way toward helping people evaluate new restrictions and the quality and intentions of their local leadership. “People aren’t sheep,” she said. “People act rationally with the facts that they have, but you have to provide an understanding of why these decisions are being made, and what kind of factors are being considered.”
hannahcarter11

Opinion | Chimamanda Ngozi Adichie: Nigeria Is Murdering Its Citizens - The New York Times - 0 views

  • SARS, which stood for Special Anti-Robbery Squad, was supposed to be the elite Nigerian police unit dedicated to fighting crime, but it was really a moneymaking terror squad with no accountability.
  • SARS officers would raid bars or stop buses on the road and arbitrarily arrest young men for such crimes as wearing their hair in dreadlocks, having tattoos, holding a nice phone or a laptop, driving a nice car. Then they would demand large amounts of money as “bail.”
  • In 2012 Mr. Iloanya was 20 when SARS officers arrested him at a child dedication ceremony in Anambra State. He had committed no crime
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  • There are so many families like the Iloanyas who are caught between pain and hope, because their sons and brothers were arrested by SARS and they fear the worst, knowing the reputation of SARS, but still they dare to hope in the desperate way we humans do for those we love.
  • the protesters insisted on not having a central leadership, it was social rather than traditional media that documented the protests, and, in a country with firm class divisions, the protests cut across class
  • The protests were peaceful, insistently peaceful, consistently peaceful.
  • But the Nigerian government tried to disrupt their fund-raising.
  • From the capital city of Abuja to the small town of Ogbomosho, state agents attacked and beat up protesters
  • The Lagos State government accused protesters of violence, but it defied common sense that a protest so consistently committed to peaceful means would suddenly turn around and become violent.
  • At about noon on Oct. 20, 2020, about two weeks into the protests, the Lagos State governor suddenly announced a curfew that would begin at 4 p.m., which gave people in a famously traffic-clogged state only a few hours to get home and hunker down.
  • Government officials reportedly cut the security cameras, then cut off the bright floodlights, leaving only a darkness heavy with foreboding. The protesters were holding Nigerian flags, sitting on the ground, some kneeling, some singing the national anthem, peaceful and determined.
  • A blurry video of what happened next has gone viral — soldiers walk toward the protesters with a terrifyingly casual calm, the kind of calm you cannot have if you are under attack, and they shoot, not up in the air, which anyway would still be an atrocity when dealing with peaceful protesters, but with their guns at arm level, shooting into a crowd of people, shooting to kill.
  • The Nigerian state has turned on its people. The only reason to shoot into a crowd of peaceful citizens is to terrorize: to kill some and make the others back down.
  • Twelve hours after soldiers shot peaceful protesters, Mr. Buhari still had not addressed the nation.
  • In the first week of the protests, the president sent out a tweet and then gave a flaccid speech about ending SARS
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