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Barack Obama calls for stricter gun laws following Colorado shooting to prevent more 'r... - 0 views

  • Former President Barack Obama on Tuesday called for stricter gun laws following the mass shooting in Colorado, bemoaning what he called a national tolerance for "these kinds of random, senseless acts."
  • they "are also feeling a deep, familiar outrage" for these types of tragedies.
  • "It is long past time for those with the power to fight this epidemic of gun violence to do so. It will take time to root out the disaffection, racism and misogyny that fuels so many of these senseless acts of violence," Obama said. "But we can make it harder for those with hate in their hearts to buy weapons of war."
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  • The statement by the former president came shortly before President Joe Biden publicly commented on the shooting
  • The attack, which came days after another shooting rampage in Georgia that left eight dead, has renewed calls from lawmakers for federal gun control reform. close dialogSign up for CNN What Matters NewsletterEvery day we summarize What Matters and deliver it straight to your inbox.Sign me upNo thanksBy subscribing you agree to ourprivacy policy.By subscribing you agree to ourprivacy policy.Sign up for CNN What Matters NewsletterEvery day we summarize What Matters and deliver it straight to your inbox.Please enter aboveSign me upNo thanksBy subscribing you agree to ourprivacy policy.By subscribing you agree to ourprivacy policy.Sign up for CNN What Matters NewsletterEvery day we summarize What Matters and deliver it straight to your inbox.bx-row bx-row-image bx-row-image-d
  • During his time in the White House, Obama urged Congress to take up gun control legislation following several mass shootings around the country, though no significant congressional action was ever taken.
  • Vice President Kamala Harris on Tuesday called the shooting "absolutely tragic," but ignored a question about the future of gun control during a swearing-in ceremony for William Burns as CIA director.
  • Earlier this month, the House passed H.R. 8 that would expand background checks on all commercial gun sales and H.R. 1146 to try and close what's known as the "Charleston Loophole," which allows some firearms to be transferred by licensed gun dealers before the required background checks are completed.
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Georgia's new law suppressing the vote is a victory for Trump - CNNPolitics - 0 views

  • Former President Donald Trump's campaign of lies about a stolen election just delivered a huge victory with a new Georgia law that could suppress the votes of many of the citizens who helped eject him from the White House.
  • The move confirms the Peach State as the epicenter of the fight for American democracy that raged through Trump's presidency and during the insurrection he incited against the US Capitol -- and now threatens to taint future elections as Republicans in multiple states pursue new laws to limit voting.
  • "What I'm worried about is how un-American this whole initiative is. It's sick. It's sick," President Joe Biden said at the first news conference of his presidency that afternoon. The Georgia law raises the question of whether election safeguards that prevented Trump's energetic efforts to rig the 2020 White House race after the fact in the state will stand firm in future elections amid false claims of electoral fraud by a president.
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  • GOP leaders justify the voter suppression measures by arguing that they are needed to crack down on fraud and to restore the public's faith that US elections are fair. But multiple courts and Trump's own Justice Department found there was no widespread electoral fraud in 2020.
  • The Georgia bill is only one example of GOP efforts in multiple states -- including many crucial electoral battlegrounds -- to hold back a diverse demographic tide in cities that favor Democrats, which critics see as an attempt to cement minority rule in the United States.
  • Georgia Republicans also lost two US Senate seats that handed Democrats control of the 50-50 chamber on the basis of huge Black turnout in runoff elections in January.close dialogSign up for CNN's CNN's Chris Cillizza cuts through the political spin and tells you what you need to know. Sign Me UpNo ThanksBy subscribing, you agree to ourprivacy policy.Sign up for CNN's CNN's Chris Cillizza cuts through the political spin and tells you what you need to know. Please enter above Sign Me UpNo ThanksBy subscribing, you agree to ourprivacy policy.You're on the list for CNN'sCNN's Chris Cillizza cuts through the political spin and tells you what you need to know. close dialog/* effects for .bx-campaign-1245919 *//* custom css .bx-campaign-1245919 *//* custom css from creative 47804 */@-ms-keyframes bx-anim-1245919-spin { from {
  • "This should be marked as Exhibit A in making the case that discriminatory voter suppression is alive and well, and makes clear why we need federal voting rights legislation to stop these laws in their tracks," Hewitt said. "We stand ready to take action and protect the fundamental right to vote through the courts."
  • as a remnant of the Jim Crow era that institutionalized racism and hinted that he could ultimately back abolishing the Senate filibuster to get the Democrats' House-passed bill through the chamber. But Biden declined to reveal his strategy for getting the voting rights bill into law.
  • Georgia's action threw a political grenade into the debate over a Washington campaign by many Democrats to abolish Senate supermajority rules that Republicans could use to block their sweeping election bill, known as the For the People Act.
  • In a statement to CNN, Georgia Secretary of State Brad Raffensperger, a Republican who defied Trump's pleas in a telephone call to find votes to overturn Biden's victory, said he would still stand up for voter freedoms but did not criticize the law."In implementing this law, I will ensure that no eligible Georgia voter is hindered in exercising their right to vote, and I will continue to further secure our elections so that every Georgian can have confidence in the results of our elections," Raffensperger said
  • "As the FBI continue to round up seditionists who spilled blood to defend a lie about our elections, Republican state leaders willfully undermine democracy by giving themselves authority to overturn results they do not like," Abrams said in a statement. "Now, more than ever, Americans must demand federal action to protect voting rights as we continue to fight against these blatantly unconstitutional efforts that are nothing less than Jim Crow 2.0."
  • Black voters hampered by the restrictions of voting in urban areas have often found themselves lining up for hours to vote in inclement weather. The clear targeting of African American voters in Georgia and elsewhere recalls some of the ugliest racial episodes of America's past, and is fueling claims of open Republican racism.
  • Former President Donald Trump's campaign of lies about a stolen election just delivered a huge victory with a new Georgia law that could suppress the votes of many of the citizens who helped eject him from the White House.
  • Republican state lawmakers rushed through a broad law Thursday making it harder to vote that disproportionately targets Democratic and Black voters
  • The move confirms the Peach State as the epicenter of the fight for American democracy
  • The Georgia law raises the question of whether election safeguards that prevented Trump's energetic efforts to rig the 2020 White House race after the fact in the state will stand firm in future elections amid false claims of electoral fraud by a president.
  • "What I'm worried about is how un-American this whole initiative is. It's sick. It's sick," President Joe Biden
  • Republicans in multiple states pursue new laws to limit voting.
  • Georgia Republicans also lost two US Senate seats that handed Democrats control of the 50-50 chamber on the basis of huge Black turnout in runoff elections in January.close dialogSign up for CNN What Matters NewsletterEvery day we summarize What Matters and deliver it straight to your inbox.Sign me upNo thanksBy subscribing you agree to ourprivacy policy.By subscribing you agree to ourprivacy policy.Sign up for CNN What Matters NewsletterEvery day we summarize What Matters and deliver it straight to your inbox.Please enter aboveSign me upNo thanksBy subscribing you agree to ourprivacy policy.By subscribing you agree to ourprivacy policy.Sign up for CNN What Matters NewsletterEvery day we summarize What Matters and deliver it straight to your inbox.//assets.bounceexchang
  • After leaving office, Trump demanded that Republican state legislatures pass laws to ban mail-in voting and to prevent courts from weighing in on electoral disputes.
  • the former President has made the acceptance of his false conspiracy theories about voter fraud in 2020 a litmus test for Republican candidates
  • Iowa has already passed a measure to limit absentee balloting and voting hours. Texas is taking steps to cut voting hours and absentee balloting in big Democratic cities like Houston. New voting laws are being pushed by Republicans in another swing state Trump lost, Arizona.
  • GOP leaders justify the voter suppression measures by arguing that they are needed to crack down on fraud and to restore the public's faith that US elections are fair. But multiple courts and Trump's own Justice Department found there was no widespread electoral fraud in 2020.
  • voter mistrust was largely fueled by Trump's blatantly false claims
  • Georgia's action threw a political grenade into the debate over a Washington campaign by many Democrats to abolish Senate supermajority rules that Republicans could use to block their sweeping election bill, known as the For the People Act.
  • The drama in the Georgia Legislature unfolded as Biden condemned restrictive state legislation as a remnant of the Jim Crow era that institutionalized racism and hinted that he could ultimately back abolishing the Senate filibuster to get the Democrats' House-passed bill through the chamber.
  • The law allows any Georgian to make unlimited challenges to voter registrations, and, incredibly, makes it a misdemeanor crime for anyone to offer food and water to voters stuck in long lines to cast ballots.
  • The clear targeting of African American voters in Georgia and elsewhere recalls some of the ugliest racial episodes of America's past, and is fueling claims of open Republican racism.
  • The Georgia law was quickly signed by Republican Gov. Brian Kemp, who incurred the wrath of Trump last year for refusing to play along with his attempt to override Biden's victory by 12,000 votes in the state, which was confirmed by several audits.
  • "In implementing this law, I will ensure that no eligible Georgia voter is hindered in exercising their right to vote, and I will continue to further secure our elections so that every Georgian can have confidence in the results of our elections," Raffensperger said.
  • Kemp is up for reelection in 2022 and could face Democrat Stacey Abrams, a former state lawmaker and prominent voting rights advocate
  • "As the FBI continue to round up seditionists who spilled blood to defend a lie about our elections, Republican state leaders willfully undermine democracy by giving themselves authority to overturn results they do not like," Abrams said in a statement. "Now, more than ever, Americans must demand federal action to protect voting rights as we continue to fight against these blatantly unconstitutional efforts that are nothing less than Jim Crow 2.0."
  • the measure directly targeted voters of color who took part in record numbers in the 2020 election.
  • The For the People Act awaiting action in the Senate would create automatic voter registration nationwide and restore portions of the Voting Rights Act that were gutted by the Supreme Court. It would also strengthen mail-in voting and permit early voting across the country, while taking steps to cut wait times at the polls.
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Russia-Ukraine: US considering sending warships to Black Sea amid tensions - CNNPolitics - 0 views

  • The United States is considering sending warships into the Black Sea in the next few weeks in a show of support for Ukraine amid Russia's increased military presence on Ukraine's eastern border
  • The US Navy routinely operates in the Black Sea, but a deployment of warships now would send a specific message to Moscow
  • The US is required to give 14 days notice of its intention to enter the Black Sea under a 1936 treaty giving Turkey control of the straits to enter the sea.
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  • On Wednesday, two US B-1 bombers conducted missions over the Aegean Sea.Read More
  • Although the US does not see the amassing of Russian forces as posturing for an offensive action, the official told CNN that "if something changes we will be ready to respond."
  • The Biden administration and the international community have expressed concerns about mounting tensions between Ukraine and Russia
  • On Thursday White House press secretary Jen Psaki said Russia's actions are "deeply concerning."close dialogSign up for CNN What Matters NewsletterEvery day we summarize What Matters and deliver it straight to your inbox.Sign me upNo thanksBy subscribing you agree to ourprivacy policy.By subscribing you agree to ourprivacy policy.Sign up for CNN What Matters NewsletterEvery day we summarize What Matters and deliver it straight to your inbox.Please enter aboveSign me upNo thanksBy subscribing you agree to ourprivacy policy.By subscribing you agree to ourprivacy policy.Sign up for CNN What Matters NewsletterEvery day we summarize What Matters and deliver it straight to your inbox.//assets.bounceexchange.com/assets/uploads/clients/340/creatives/ac22162ccde0493f3e08745fedbf
  • "The United States is increasingly concerned by recently escalating Russian aggressions in eastern Ukraine, including Russia's movements on Ukraine's border. Russia now has more troops on the border of Ukraine than any time since 2014. Five Ukrainian soldiers have been killed this week alone. These are all deeply concerning signs," Psaki said.
  • "We are concerned by recent escalating Russian aggressions in eastern Ukraine, including the credible reports that have been emanating about Russian troop movements on Ukraine's borders and occupied Crimea," State Department spokesperson Ned Price said this week.
  • Pentagon spokesperson John Kirby said this week that it was important "for all sides to comply with the Minsk Agreement" and "for the territorial integrity and the sovereignty of Ukraine to be respected by Russia."
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US Coronavirus: Michigan's Covid-19 crisis could be a sign of what's to come for the US... - 0 views

  • As the US races to vaccinate more Americans, Covid-19 cases and hospitalizations are rising, predominantly among younger people who haven't yet gotten a shot.
  • Some experts worry this might only be the start of what's to come in the next weeks. Michigan is already in the middle of a violent surge
  • "Michigan is really the bellwether for what it looks like when the B.1.1.7 variant ... spreads in the United States," Dr. Celine Gounder told CNN on Sunday. "It's causing a surge in cases and it's causing more severe disease, which means that even younger people, people in their 30s, 40s and 50s are getting very sick and being hospitalized from this."
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  • Michigan's surge is a combination of two factors, Gounder says: the spread of the B.1.1.7 variant combined with people relaxing on mitigation measures before enough residents are vaccinated.
  • Florida has the highest number of cases of the variant, followed by Michigan, Minnesota and Massachusetts, according to data from the Centers for Disease Control and Prevention.
  • Experts say it's more contagious, may cause more severe disease and may potentially be more deadly. And it's rapidly spreading across the country.
  • Here's why: It takes about two weeks after the Pfizer and Moderna second doses and about two weeks after the Johnson & Johnson vaccine before people are immune, she said. Meanwhile, Gounder added, "the incubation period, which is the time from when you are exposed to when you are infected with coronavirus, is four to five days."close dialogSign up for the Results Are In NewsletterGet the latest expert advice to live a healthier and happier lifeSign me upNo, ThanksBy subscribing you agree to ourPrivacy PolicySign up for the Results Are In NewsletterGet the latest expert advice to live a healthier and happier lifePlease enter aboveSign me upNo, ThanksBy subscribing you agree to ourPrivacy PolicyYou have successfully subscribed.By subscribing you agree to ourPrivacy Policyclose dialog
  • "So there is no way that a surge in vaccination is going to help curb this when transmission is happening right now," she said.
  • the only thing that will curb transmission right now are measures that take effect immediately.
  • Michigan is now reporting thousands of new Covid-19 cases daily, when just weeks ago, state data showed the daily reported case count was as low as 563 cases.
  • "Hospitals are being inundated," Dr. Jonathan Reiner, a professor of medicine and surgery at George Washington University, told CNN. "Michigan needs to shut down."
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Pentagon watchdog finds National Guard's use of helicopters to fly over DC protestors "... - 0 views

  • The Pentagon's watchdog found that the DC National Guard's use of low-flying helicopters in response to protests in DC on June 1, 2020, over the death of George Floyd was "reasonable," but the mission was mired in confusion.
  • The report from the Department of Defense's Inspector General, released Thursday, concluded the deployment of helicopters was justifiable based on the needs of the emergency, as well as the direction from President Donald Trump and Defense Secretary Mark Esper to "flood the zone" and "use everything available" to protect "federal property and symbols."
  • A lack of clear guidance on the helicopters' mission compounded the confusion, because Ryan "did not provide clear and consistent direction and mission guidance" and "did not provide his clear and consistent commander's intent to include key tasks and parameters for the operation."Enter your email to sign up for CNN's "What Matters" Newsletter. "close dialog"Sign up for CNN What Matters NewsletterEvery day we summarize What Matters and deliver it straight to your inbox.Sign me upNo thanksBy subscribing you agree to ourprivacy policy.By subscribing you agree to ourprivacy policy.Sign up for CNN What Matters NewsletterEvery day we summarize What Matters and deliver it straight to your inbox.Please enter aboveSign me upNo thanksBy subscribing you agree to ourprivacy policy.By subscribing you agree to ourprivacy policy.Sign up for CNN What Matters Newsletter<di
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  • "No specific training, policies, or procedures were in place for using helicopters to support requests for assistance from civilian authorities in civil disturbances," the report's authors wrote. "Prior to the night of June 1st, 2020, the DC [National Guard] did not have a prepared plan to maintain command and control of aviation assets used to support civil disturbances."Read More
  • Well after the curfew, protesters were still out on the streets, and video captured by CNN showed a military helicopter hovering over a group of them, kicking up strong wind and debris with its downwash. The tactic is a show of force and commonly used by the military in overseas combat zones to drive away targets from a specific area.
  • The Defense Department Inspector General largely agreed with an earlier report from an Army investigation that found the use of helicopters was not against federal laws or policies, though there was a "lack of understanding" about their mission.But the new report contradicted the Army investigation's finding that MEDEVAC helicopters were used against regulations and that the helicopters were used without approval from the chain of command.
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The 15 most notable lies of Donald Trump's presidency - CNNPolitics - 0 views

  • I fact checked every word uttered by this President from his inauguration day in January 2017 until September 2020 -- when the daily number of lies got so unmanageably high that I had to start taking a pass on some of his remarks to preserve my health.
  • Trump got even worse after November 3. Since then, he has spent the final months of what has been a wildly dishonest presidency on a relentless and dangerous lying spree about the election he lost.
  • The most telling lie: It didn't rain on his inaugurationclose dialogSign up for CNN What Matters NewsletterEvery day we summarize What Matters and deliver it straight to your inbox.Sign me upNo thanksBy subscribing you agree to ourprivacy policy.By subscribing you agree to ourprivacy policy.Sign up for CNN What Matters NewsletterEvery day we summarize What Matters and deliver it straight to your inbox.Please enter aboveSign me upNo thanksBy subscribing you agree to ourprivacy policy.By subscribing you agree to ourprivacy policy.Sign up for CNN What Matters NewsletterEvery day we summarize What Matters and deliver it straight to your inbox.bx-group bx-group-default bx-group-1245864-3DW
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  • It rained during Trump's inaugural address. Then, at a celebratory ball later that day, Trump told the crowd that the rain "just never came" until he finished talking and went inside, at which point "it poured."
  • The President would say things that we could see with our own eyes were not true. And he would often do this brazen lying for no apparent strategic reason.
  • The most dangerous lie: The coronavirus was under control
  • This was more like a family of lies than a single lie. But each one -- the lie that the virus was equivalent to the flu; the lie that the situation was "totally under control"; the lie that the virus was "disappearing" -- suggested to Americans that they didn't have to change much about their usual behavior.
  • more than 386,000 Americans have died from the virus.
  • The most alarming lie saga: Sharpiegate
  • Trump tweeted in 2019 that Alabama was one of the states at greater risk from Hurricane Dorian than had been initially forecast. The federal weather office in Birmingham then tweeted that, actually, Alabama would be unaffected by the storm
  • Trump, however, is so congenitally unwilling to admit error that he embarked on an increasingly farcical campaign to prove that his incorrect Alabama tweet was actually correct, eventually showcasing a hurricane map that was crudely altered with a Sharpie.
  • The most ridiculous subject of a lie: The Boy Scouts
  • When I emailed the Boy Scouts of America in 2017 about Trump's claim that "the head of the Boy Scouts" had called him to say that his bizarrely political address to the Scouts' National Jamboree was "the greatest speech that was ever made to them," I didn't expect a reply. One of the hardest things about fact checking Trump was that a lot of people he lied about did not think it was in their interest to be quoted publicly contradicting a vengeful president.
  • A senior Scouts source -- a phrase I never expected to have to type as a political reporter in Washington, DC -- confirmed to me that no call ever happened.
  • The ugliest smear lie: Rep. Ilhan Omar supports al Qaeda
  • The most boring serial lie: The trade deficit with China used to be $500 billion
  • It was a problem for the country that the President was not only a conspiracy theorist himself but immersed in conspiracy culture, regularly stumbling upon ludicrous claims and then sharing them as fact.
  • So he said well over 100 times that, before his presidency, the US for years had a $500 billion annual trade deficit with China -- though the actual pre-Trump deficit never even reached $400 billion.
  • The most entertaining lie shtick: The burly crying men who had never cried before
  • according to the President, they kept walking up to him crying tears of gratitude -- even though they had almost always not previously cried for years.
  • The most traditional big lie: Trump didn't know about the payment to Stormy Daniels
  • he also lied when he needed to. When he told reporters on Air Force One in 2018 that he did not know about a $130,000 payment to porn performer Stormy Daniels and that he did not know where his then-attorney Michael Cohen got the money for the payment, it was both audacious -- Trump knew, because he had personally reimbursed Cohen -- and kind of conventional: the President was lying to try to get himself out of a tawdry scandal.
  • The biggest lie by omission: Trump ended family separation
  • ere's what he told NBC's Chuck Todd in 2019 about his widely controversial policy of separating migrant parents from their children at the border: "You know, under President Obama you had separation. I was the one that ended it." Yes, Trump signed a 2018 order to end the family separation policy.
  • The most shameless campaign lie: Biden will destroy protections for pre-existing conditions
  • When Trump claimed in September that Biden would destroy protections for people with pre-existing health conditions -- though the Obama-Biden administration created the protections, though the protections were overwhelmingly popular, though Biden was running on preserving them,
  • Trump himself had tried repeatedly to weaken them
  • The lie he fled: He got Veterans Choice
  • Trump could have told a perfectly good factual story about the Veterans Choice health care program Obama signed into law in 2014: it wasn't good enough, so he replaced it with a more expansive program he signed into law in 2018.
  • That's not the story he did tell -- whether out of policy ignorance, a desire to erase Obama's legacy, or simply because he is a liar. Instead, he claimed over and over -- more than 160 times before I lost count -- that he is the one who got the Veterans Choice program passed after other presidents tried and failed for years.
  • The Crazy Uncle lie award: Windmill noise causes cancer
  • At a White House event in 2019, Trump grossly distorted a 2013 quote from Rep. Ilhan Omar to try to get his supporters to believe that the Minnesota Democrat had expressed support for the terrorist group al Qaeda.
  • his 2019 declaration that "they say" the noise from windmills "causes cancer."
  • The most hucksterish lie: That plan was coming in two weeks
  • Trump's big health care plan was eternally coming in "two weeks."
  • My personal favorite lie: Trump was once named Michigan's Man of the Year
  • Trump has never lived in Michigan. Why would he have been named Michigan's Man of the Year years before his presidency?He wouldn't have been. He wasn't.
  • The most depressing lie: Trump won the election
  • Trump's long White House campaign against verifiable reality has culminated with his lie that he is the true winner of the 2020 presidential election he clearly, certifiably and fairly lost.
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How San Francisco broke America's heart - The Washington Post - 0 views

  • Conservatives have long loathed it as the axis of liberal politics and political correctness, but now progressives are carping, too. They mourn it for what has been lost, a city that long welcomed everyone and has been altered by an earthquake of wealth. It is a place that people disparage constantly, especially residents.
  • Real estate is the nation’s costliest. Listings read like typos, a median $1.6 million for a single-family home and $3,700 monthly rent for a one-bedroom apartment.
  • “This is unregulated capitalism, unbridled capitalism, capitalism run amok. There are no guardrails,” says Salesforce founder and chairman Marc Benioff, a fourth-generation San Franciscan who in a TV interview branded his city “a train wreck.”
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  • Tech isn't what everyone talks about in San Francisco. It's money. Real estate, income inequality, $20 salads, the homeless, adult children unable to move out, non-tech workers unable to move in.
  • What residents resent now is the shift to one industry, a monoculture.
  • Julie Levak-Madding, who manages the VanishingSF page on Facebook, documenting the “hyper-gentrifiction” of her city. “It’s so devastating to a huge amount of the population.”
  • Too homogenous. Too expensive. Too tech. Too millennial. Too white. Too elite. Too bro.
  • Everyone has a story about what isn’t here anymore. The inability to find a hardware store, a shoe repair, a lesbian bar, a drag-queen bar, an independent music club
  • San Francisco has less of what makes a city dynamic. It has the lowest percentage of children, 13.4 percent, of any major American city, and is home to about as many dogs as humans under the age of 18.
  • To take a midday tour downtown is to be enveloped by a jeaned and athleisured army of young workers, mostly white and Asian, and predominantly male. The presence of a boomer or toddler is akin to spotting an endangered species
  • “I don’t know anyone in San Francisco who is making a full-time living as an artist,” says Victor Krummenacher of the band Camper Van Beethoven, who left the city in April after 30&nbsp;years, moving an hour east of Los Angeles. “Part of being an artist is being an observer of what is going on. In the Bay Area, you’re so mired in the congestion and costs.
  • San Francisco has also become less welcoming of altruistic professions, as teachers and social workers are priced out of housing.
  • The Sierra Club, founded in 1892, decamped to Oakland three years ago after its annual rent was projected to increase by almost $1.5 million. “Nonprofits are fleeing San Francisco. They can no longer afford it, ”
  • “You’re constantly trying to justify why you stay. There’s this blanket of anxiety and frustration that lives on top of everything,” says Talbot, a white fifth-generation San Franciscan. “You’re heartbroken because it’s changed so much and so quickly. This nostalgia is baked into everything, of missing what was here.
  • and now the gayborhoods are going away.” A resident of the Castro, the city’s famed gayborhood that’s been transformed by record prosperity, he bemoans the loss of cultural vitality and lack of caring for the less fortunate. “I don’t hear people talking about poetry. I still love my town. I still love my neighborhood, but it is changing very rapidly. It’s quite harsh and quite brutal and it frightens me.”
  • this is what happens when unbridled capitalism collides with progressive ideals.”
  • Benioff, the city’s largest employer, says residents are at “the beginning of our journey in San Francisco of understanding who we’ve become and where we’re going,” he says. Yet, he acknowledges, “there are a lot of people who are not willing to do the work. They’re here to make money. They’re not here for the long haul.”
  • “This is a place none of us would have moved to. It’s Monaco,” Levak-Madding says. “It’s urban blight by excess.”
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Stocks week ahead: Saying goodbye to a wild 2020 - CNN - 0 views

  • The Dow and the S&amp;P 500 ended the year at record highs and the Nasdaq Composite logged its best performance since 2009 with a whopping 43.6% jump. Overall, the indexes registered gains for the second year in a row.
  • Nobody could have predicted the market mayhem of 2020. Stocks hit record highs at the start of the year, before worries about the coronavirus pandemic — first abroad and then closer to home — pushed US markets into a spiral in February and March. The Dow routinely set new records for worst one-day point drops in history, and the New York Stocks Exchange had to suspend trading in the S&amp;P 500 multiple times as the selloff triggered circuit breakers.
  • But in the months that followed, the market recovered — and faster than many had expected.
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  • Some of the year's biggest winners are investors who closed their eyes and muffled their ears during the pandemic selloff and held onto their stocks. By the end of the year, their portfolio balances were looking pretty good
  • "This year was a year with a lot of reminders for investors: number one, don't overreact," Leo Grohowski, chief investment officer at BNY Wealth Management, told CNN Business.close dialogBefore Markets OpenStart your day smartGet essential news and analysis on global markets with CNN Business’ daily newsletter. Sign me upNo thanksBy subscribing you agree to ourprivacy policy.By subscribing you agree to ourprivacy policy.Before Markets OpenStart your day smartGet essential news and analysis on global markets with CNN Business’ daily newsletter. Please enter aboveSign me upNo thanksBy subscribing you agree to ourprivacy policy.By subscribing you agree to ourprivacy policy.Before Markets Open
  • The disconnect between Wall Street and Main Street will likely be a topic that follows us into the New Year.
  • The US economy is operating at 82% of where it was in early March, according to the Back-to-Normal Index from Moody's Analytics and CNN Business.
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Can There Ever Be a Working-Class Republican Party? | The New Republic - 0 views

  • a party of upper–middle-class traditions and inclinations finds itself left alone with the working-class parts of Trump’s base, in a society where the deck is more stacked against the working class than it has been since the nineteenth century.
  • The party’s survival depends on protecting the interests of these voters, and yet few Republicans have given much systematic thought to how they might do it. The task has fallen largely to three senators: Hawley, Marco Rubio of Florida, and Tom Cotton of Arkansas.
  • In the twenty-first century thus far, something strange has been happening. Reaganite Republicans have continued cutting taxes to “unleash” “entrepreneurship,” but the rich people thus favored keep turning into Democrats.
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  • in general Democrats now enter the political arena as the party of wealth.
  • Traditionally, “the right,” for better and for worse, is the party of large property holdings, of bosses and managers and cultural guardians, of dominant belief systems (religious and secular), and of elite education institutions that set the boundaries of what knowledge and lore are proper to pass on to tomorrow’s generations. If America has such a party today, it is not the Republicans.
  • Biden’s most loyal followers by occupation included professors (94 percent), librarians (93 percent), therapists (92 percent), and lawyers (88 percent)
  • Trump got homemakers (96 percent), welders (84 percent), HVAC professionals (82 percent), farmers (75 percent), and custodians (59 percent)
  • They are also the party of education and prestige. On the eve of November’s election, Bloomberg News analyzed which employees gave the most to Donald Trump and which the most to Joe Biden. Biden swept the commanding heights of the economy. He got 97 percent of the contributions at Google and Facebook, 96 percent at Harvard, 91 percent at the consultants Deloitte, and (back here on planet Earth) 90 percent at the New York City Department of Education
  • the economic hand that Trump had to play in last fall’s elections was stronger than almost anyone outside of the working class understood, and the results—at least in terms of the swing-state popular vote—correspondingly closer.
  • “It feels to me like the party’s getting pushed into it,” said Julius Krein, an investor who publishes the quarterly review American Affairs, in an interview this winter. “Donors, especially, don’t want it to be a working-class party. And certainly the old guard not only doesn’t think of itself as such, but is quite hostile to that, and to any policy that could possibly lead in that direction. But it’s getting pushed there because all the elite are going to the Democrats.”
  • Trump’s administration worked out well for American workers, at least up until Covid hit in the spring of 2020. Unemployment was under 4 percent for most of 2018 and 2019. The good times reached even those to whom prosperity had historically been slowest to arrive. Unemployment among Black men, a whisker under 20 percent in March 2010, had fallen to around 5 percent in November 2019. According to The Economist, gains were concentrated in professions where workers had heretofore faced competition from immigrant labor, such as housekeepers and maintenance workers
  • Krein doubts whether anything that could be described as Trumpism happened at all. The North American Free Trade Agreement of 1993 was renegotiated to American workers’ advantage, but that did not lead to the renaissance of manufacturing that candidate Trump had tirelessly promised in 2016. The wages of the lowest-paid workers went up, but that may be due to minimum-wage hikes enacted in dozens of states and cities.
  • There is a philosophical disagreement about how one gives the working class more power. To boil it down to the basics, Democrats believe in more unions and Republicans believe in less immigration.
  • Krein is generally skeptical of the Republican Party’s traditional economic policies. “Contrary to the pervasive mythology of entrepreneurialism and creativity,” he writes, “it is glaringly obvious to today’s professional elite that the neoliberal economy is allocating capital, and especially talent, very poorly.
  • the extraordinary 2017 tax cuts, the only significant piece of domestic legislation passed in Trump’s four years. A supply-side piñata without precedent, it encouraged the corporate “buybacks” that can spur stock prices (padding executive bonuses) but can destabilize corporate finances (increasing the likelihood of layoffs in a downturn)—quite the opposite of what Trump had seemed to promise on the campaign trail.
  • Now Rubio has a simpler message: These are my people. I will fight for them. It beats the perennial Republican approach of theorizing about incentives and the capital gains tax.
  • Among Senate Republicans, it is Rubio who has laid the biggest bet on working people. He has a lot of ideas. He has urged fighting stock buybacks, reauthorizing Small Business Administration loan programs, and limiting Covid aid to universities with endowments of more than $10 billion
  • The core of his agenda, said Rubio, “is the availability of good-paying jobs that allow people to raise families, to retire with dignity, to live in safe and stable communities—that’s where life is lived.”
  • Hawley does often sound like a throwback. He criticizes the sexual revolution, the “woke mob,” and those who propose to rechristen military bases named after Confederate generals. In this sense, his appeal to the working class is less direct than Rubio’s. He is using, in classic Reagan fashion, the correlation between working-class status and conservative cultural attitudes to win over voters without making class appeals at all.
  • In early December, Hawley and Bernie Sanders staggered their speeches, swapping floor time back and forth, in hopes of rallying the chamber to deliver Covid aid in $1,200 direct payments to parents. It was eyebrow-raising, Senate staffers said, because such moments require close staff coordination, and each senator pledged solidarity to the other. “I’m proud to yield the floor to him,” said Sanders of Hawley. “I’m delighted to join with Senator Sanders,” Hawley responded, adding: “Working families should be first on our to-do list, not last.”
  • Until recently, few congressional Democrats have been inclined to do battle with the tech companies, Alexandria Ocasio-Cortez and Elizabeth Warren being among the conspicuous exceptions.
  • Tom Cotton, a Harvard-educated Republican lawyer from tiny Yell County, Arkansas, is trying to use China the way Hawley uses Big Tech
  • When the public compares the two parties on the question of protecting the working class, it is still Democrats who come out on top—but not by a lot.
  • In 2008, two young thinkers, Ross Douthat and Reihan Salam, wrote a book called Grand New Party: How Republicans Can Win the Working Class and Save the American Dream. The authors warn that “Sam’s Club Republicans”—cheekily named after a Walmart-owned chain of cut-price warehouse stores where few urban Democrats had ever set foot—were losing ground. And these voters were beginning to notice that their party wasn’t doing anything for them. The old Republican entrepreneurial rhetoric of unleashing this and untrammeling that was ceasing to resonate. Worse, it now served the other party’s base.If Grand New Party was the first call to arms in the remaking of the party, it went largely unheeded
  • The most closely attended-to conservative voice on this issue is Oren Cass, a former Mitt Romney adviser who heads American Compass, a conservative think tank that calls for “widely shared economic development.
  • Nearly all the Republicans loosely aligning themselves with working-class interests listen to Cass, and it’s partly because he has a theory about the economic history of this century and how it led to our present predicament.
  • As Cass sees it, the weakness of structures has been explained by the work of M.I.T. economist David Autor, who has given us a new understanding of how labor markets work under globalization.
  • A “China shock” wiped out a good deal of manufacturing employment after China’s accession to the World Trade Organization in 2001, Autor has shown. “Skill-biased technical change” drove college-educated workers’ compensation up and that of the noncollege-educated down
  • The economists Anne Case and Angus Deaton gathered similar evidence of the collapse of labor markets and the rise of regional inequality in their 2020 book on opioids, suicide, and life expectancy, Deaths of Despair and the Future of Capitalism.
  • J.D. Vance, author of Hillbilly Elegy, a book that is often read as an X-ray of how eastern Ohio and other parts of Appalachia were struggling as Hillary Clinton and Donald Trump were vying for the presidency in 2016
  • the embrace of this coming-of-age saga as an all-purpose explanation of Trump’s new pitch to the working class was misguided, for Vance was already in his thirties when it was published. “The story that he is telling,” Cass insisted, “is of what was going on in the late ’90s, during what we think of as the go-go years, the boom years, the very best years.”
  • Indeed, an interesting general question arises to challenge Republicans about the 1980s and 1990s—were the policies arrived at outright wrong?
  • “If you talked to Republicans and gave them truth serum,” one congressional political adviser admitted, “a majority would say we had it wrong for decades on immigration and trade. We were too quick to look just at the lower price of goods and how that ultimately helped people, and didn’t spend enough time looking at people who were directly hurt by factories being closed and lower wages.”
  • Cass’s central insight is: Tight labor markets are good. That is how unions work to drive up wages, and if conservatives want higher wages, they will need to overcome their “foolish orthodoxy” on the matter.
  • At the same time, you can’t believe unions are good and say any amount of immigration is fine. Limiting immigration raises wages—which is a key reason that the postwar labor movement supported immigration restrictions
  • From a supply-and-demand perspective, mass immigration does the same thing as offshoring and de-unionizing: It exposes workers with American labor protections and lifestyle expectations to competition from workers without them
  • Republicans’ rapport with the working class may turn out to be more natural than it now appears. They won’t have to “come up with” policies for helping the workers, still less to “reinvent” themselves as a working-class party
  • they will follow the logic of the situation to embrace the sort of policies Democrats followed when they were the party of the workers and the Republicans the party of the bosses.
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Chevron (CVX) - Market capitalization - 0 views

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Schumpeter - Big Oil has a do-or-die decade ahead because of climate change | Business ... - 0 views

  • Without the oil industry’s balance-sheets and project-management skills, it is hard to imagine the world building anything like enough wind farms, solar parks and other forms of clean energy to stop catastrophic global warming.
  • The question is no longer “whether” Big Oil has a big role to play in averting the climate crisis. It is “when”.
  • To cynics, all the climate-friendly noises amount to little in practice, since few people are ready to make carbon-cutting sacrifices that would force oil firms’ hand. But noises are sometimes followed by action. Should they be this time, the 2020s may be do-or-die for the oil industry.
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  • In Europe renewable energy prompted something almost as wrenching for a different sort of energy firm—utilities. Faced with an existential threat from wind and solar, fossil-fuel power producers such as Germany’s E.ON and RWE tore themselves apart, redesigned their businesses, and emerged cleaner and stronger.
  • Southern European firms like Spain’s Iberdrola and Italy’s Enel took renewables worldwide. Last year total shareholder returns from the reinvigorated European utilities left the oil-and-gas industry in the dust.
  • Some giants, like ExxonMobil and Chevron in America, continue to bet most heavily on oil
  • Others, among them Europe’s supermajors, Royal Dutch Shell, Total and BP, increasingly favour natural gas, and see low-carbon (though not necessarily zero-carbon) power generation as a way to prop up their business model as more cars and other things begin to run on electricity.
  • of a whopping $80bn or so of capital expenditure by Europe’s seven biggest listed energy firms last year, only 7.4%—less than $1bn each on average—went to clean energy.
  • capital spending on renewable energy, power grids and batteries will need to rise globally to $1.2trn a year on average from now until 2050, more than double the $500bn spent each year on oil and gas.
  • To help fund that, it reckons that oil-and-gas companies will need to divert $10trn of investments away from fossil fuels over the same period.
  • For now, oil executives show no appetite for such a radical change of direction. If anything, they are working their oil-and-gas assets harder, to skim the profits and hand them to shareholders while they still can. Oil, they say, generates double-digit returns on capital employed. Clean energy, mere single digits.
  • Big Oil has ways to make other high-risk, high-reward bets on clean energy. One is through venture capital. The OIES calculates that of 200 recent investments by the oil majors, 70 have been in clean-energy ventures, such as electric-vehicle charging networks. They have generally been small for now. But BP reportedly plans to build five $1bn-plus “unicorns” over the next five years with an aim of providing more energy with lower emissions
  • Another way is to back research and development in potentially groundbreaking technologies such as high-altitude wind energy, whose generating efficiency promises equally lofty profits.
  • As national climate commitments grow more stringent, governments may go on the warpath. UBS argues that it may be necessary for governments to “ban” the $10trn of oil-and-gas investments to reach net zero emissions by 2050
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'White Fragility' Is Everywhere. But Does Antiracism Training Work? - The New York Times - 0 views

  • DiAngelo, who is 63 and white, with graying corkscrew curls framing delicate features, had won the admiration of Black activist intellectuals like Ibram X. Kendi, author of “How to Be an Antiracist,” who praises the “unapologetic critique” of her presentations, her apparent indifference to “the feelings of the white people in the room.”
  • “White Fragility” leapt onto the New York Times nonfiction best-seller list, and next came a stream of bookings for public lectures and, mostly, private workshops and speeches given to school faculties and government agencies and university administrations and companies like Microsoft and Google and W.L. Gore &amp; Associates, the maker of Gore-Tex.
  • As outraged protesters rose up across the country, “White Fragility” became Amazon’s No. 1 selling book, beating out even the bankable escapism of the latest “Hunger Games” installment. The book’s small publisher, Beacon Press, had trouble printing fast enough to meet demand; 1.6 million copies, in one form or other, have been sold
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  • I’d been talking with DiAngelo for a year when Floyd was killed, and with other antiracism teachers for almost as long. Demand has recently spiked throughout the field, though the clamor had already been building, particularly since the election of Donald Trump
  • As their teaching becomes more and more widespread, antiracism educators are shaping the language that gets spoken — and the lessons being learned — about race in America.
  • “I will not coddle your comfort,” she went on. She gestured crisply with her hands. “I’m going to name and admit to things white people rarely name and admit.” Scattered Black listeners called out encouragement. Then she specified the predominant demographic in the packed house: white progressives. “I know you. Oh, white progressives are my specialty. Because I am a white progressive.” She paced tightly on the stage. “And I have a racist worldview.”
  • “White supremacy — yes, it includes extremists or neo-Nazis, but it is also a highly descriptive sociological term for the society we live in, a society in which white people are elevated as the ideal for humanity, and everyone else is a deficient version.” And Black people, she said, are cast as the most deficient. “There is something profoundly anti-Black in this culture.”
  • But was I being fragile? Was I being defensive or just trying to share something more personal, intimate and complex than DiAngelo’s all-encompassing sociological perspective? She taught, throughout the afternoon, that the impulse to individualize is in itself a white trait, a way to play down the societal racism all white people have thoroughly absorbed.
  • At some point after our answers, DiAngelo poked fun at the myriad ways that white people “credential” themselves as not-racist. I winced. I hadn’t meant to imply that I was anywhere close to free of racism, yet was I “credentialing”?
  • the pattern she first termed “white fragility” in an academic article in 2011: the propensity of white people to fend off suggestions of racism, whether by absurd denials (“I don’t see color”) or by overly emotional displays of defensiveness or solidarity (DiAngelo’s book has a chapter titled “White Women’s Tears” and subtitled “But you are my sister, and I share your pain!”) or by varieties of the personal history I’d provided.
  • White fragility, in DiAngelo’s formulation, is far from weakness. It is “weaponized.” Its evasions are actually a liberal white arsenal, a means of protecting a frail moral ego, defending a righteous self-image and, ultimately, perpetuating racial hierarchies, because what goes unexamined will never be upended
  • One “unnamed logic of Whiteness,” she wrote with her frequent co-author, the education professor Ozlem Sensoy, in a 2017 paper published in The Harvard Educational Review, “is the presumed neutrality of White European Enlightenment epistemology.”
  • she returned to white supremacy and how she had been imbued with it since birth. “When my mother was pregnant with me, who delivered me in the hospital — who owned the hospital? And who came in that night and mopped the floor?” She paused so we could picture the complexions of those people. Systemic racism, she announced, is “embedded in our cultural definitions of what is normal, what is correct, what is professionalism, what is intelligence, what is beautiful, what is valuable.”
  • “I have come to see white privilege as an invisible package of unearned assets that I can count on cashing in each day, but about which I was ‘meant’ to remain oblivious,” one of the discipline’s influential thinkers, Peggy McIntosh, a researcher at the Wellesley Centers for Women, has written. “White privilege is like an invisible weightless knapsack of special provisions, assurances, tools, maps, guides, codebooks, passports, visas, clothes, compass, emergency gear and blank checks.”
  • Borrowing from feminist scholarship and critical race theory, whiteness studies challenges the very nature of knowledge, asking whether what we define as scientific research and scholarly rigor, and what we venerate as objectivity, can be ways of excluding alternate perspectives and preserving white dominance
  • the Seattle Gilbert &amp; Sullivan Society’s casting of white actors as Asians in a production of “The Mikado.” “That changed my life,” she said. The phrase “white fragility” went viral, and requests to speak started to soar; she expanded the article into a book and during the year preceding Covid-19 gave eight to 10 presentations a month, sometimes pro bono but mostly at up to $15,000 per event.
  • For almost everyone, she assumes, there is a mingling of motives, a wish for easy affirmation (“they can say they heard Robin DiAngelo speak”) and a measure of moral hunger.
  • Moore drew all eyes back to him and pronounced, “The cause of racial disparities is racism. If I show you data that’s about race, we need to be talking about racism. Don’t get caught up in detours.” He wasn’t referring to racism’s legacy. He meant that current systemic racism is the explanation for devastating differences in learning, that the prevailing white culture will not permit Black kids to succeed in school.
  • The theme of what white culture does not allow, of white society’s not only supreme but also almost-absolute power, is common to today’s antiracism teaching and runs throughout Singleton’s and DiAngelo’s programs
  • unning slightly beneath or openly on the surface of DiAngelo’s and Singleton’s teaching is a set of related ideas about the essence and elements of white culture
  • if we were white and happened to be sitting beside someone of color, we were forbidden to ask the person of color to speak first. It might be good policy, mostly, for white people to do more listening than talking, but, she said with knowing humor, it could also be a subtle way to avoid blunders, maintain a mask of sensitivity and stay comfortable. She wanted the white audience members to feel as uncomfortable as possible.
  • For DiAngelo, the elements include the “ideology of individualism,” which insists that meritocracy is mostly real, that hard work and talent will be justly rewarded. White culture, for her, is all about habits of oppressive thought that are taken for granted and rarely perceived, let alone questioned
  • The modern university, it says, “with its ‘experts’ and its privileging of particular forms of knowledge over others (e.g., written over oral, history over memory, rationalism over wisdom)” has “validated and elevated positivistic, White Eurocentric knowledge over non-White, Indigenous and non-European knowledges.”
  • the idea of a society rigged at its intellectual core underpins her lessons.
  • There is the myth of meritocracy. And valuing “written communication over other forms,” he told me, is “a hallmark of whiteness,” which leads to the denigration of Black children in school. Another “hallmark” is “scientific, linear thinking. Cause and effect.” He said, “There’s this whole group of people who are named the scientists. That’s where you get into this whole idea that if it’s not codified in scientific thought that it can’t be valid.”
  • “This is a good way of dismissing people. And this,” he continued, shifting forward thousands of years, “is one of the challenges in the diversity-equity-inclusion space; folks keep asking for data. How do you quantify, in a way that is scientific — numbers and that kind of thing — what people feel when they’re feeling marginalized?”
  • Moore directed us to a page in our training booklets: a list of white values. Along with “ ‘The King’s English’ rules,” “objective, rational, linear thinking” and “quantitative emphasis,” there was “work before play,” “plan for future” and “adherence to rigid time schedules.”
  • They’ve just refined their analysis, with the help of two Princeton researchers, Chelsey Clark and Roni Porat. “As the study quality goes up,” Paluck told me, “the effect size dwindles.”
  • Dobbin’s research shows that the numbers of women or people of color in management do not increase with most anti-bias education. “There just isn’t much evidence that you can do anything to change either explicit or implicit bias in a half-day session,” Dobbin warns. “Stereotypes are too ingrained.”
  • he noted that new research that he’s revising for publication suggests that anti-bias training can backfire, with adverse effects especially on Black people, perhaps, he speculated, because training, whether consciously or subconsciously, “activates stereotypes.”
  • When we spoke again in June, he emphasized an additional finding from his data: the likelihood of backlash “if people feel that they’re being forced to go to diversity training to conform with social norms or laws.”
  • Donald Green, a professor of political science at Columbia, and Betsy Levy Paluck, a professor of psychology and public affairs at Princeton, have analyzed almost 1,000 studies of programs to lessen prejudice, from racism to homophobia, in situations from workplaces to laboratory settings. “We currently do not know whether a wide range of programs and policies tend to work on average,
  • She replied that if a criterion “consistently and measurably leads to certain people” being excluded, then we have to “challenge” the criterion. “It’s the outcome,” she emphasized; the result indicated the racism.
  • Another critique has been aimed at DiAngelo, as her book sales have skyrocketed. From both sides of the political divide, she has been accused of peddling racial reductionism by branding all white people as supremacist
  • Chislett filed suit in October against Carranza and the department. At least five other high-level, white D.O.E. executives have filed similar suits or won settlements from the city over the past 14 months. The trainings lie at the heart of their claims.
  • Chislett eventually wound up demoted from the leadership of A.P. for All, and her suit argues that the trainings created a workplace filled with antiwhite distrust and discrimination
  • whatever the merits of Chislett’s lawsuit and the counteraccusations against her, she is also concerned about something larger. “It’s absurd,” she said about much of the training she’s been through. “The city has tens of millions invested in A.P. for All, so my team can give kids access to A.P. classes and help them prepare for A.P. exams that will help them get college degrees, and we’re all supposed to think that writing and data are white values? How do all these people not see how inconsistent this is?”
  • I talked with DiAngelo, Singleton, Amante-Jackson and Kendi about the possible problem. If the aim is to dismantle white supremacy, to redistribute power and influence, I asked them in various forms, do the messages of today’s antiracism training risk undermining the goal by depicting an overwhelmingly rigged society in which white people control nearly all the outcomes, by inculcating the idea that the traditional skills needed to succeed in school and in the upper levels of the workplace are somehow inherently white, by spreading the notion that teachers shouldn’t expect traditional skills as much from their Black students, by unwittingly teaching white people that Black people require allowances, warrant extraordinary empathy and can’t really shape their own destinies?
  • With DiAngelo, my worries led us to discuss her Harvard Educational Review paper, which cited “rationalism” as a white criterion for hiring, a white qualification that should be reconsidered
  • Shouldn’t we be hiring faculty, I asked her, who fully possess, prize and can impart strong reasoning skills to students, because students will need these abilities as a requirement for high-paying, high-status jobs?
  • I pulled us away from the metaphorical, giving the example of corporate law as a lucrative profession in which being hired depends on acute reasoning.
  • Moore expounded that white culture is obsessed with “mechanical time” — clock time — and punishes students for lateness. This, he said, is but one example of how whiteness undercuts Black kids. “The problems come when we say this way of being is the way to be.” In school and on into the working world, he lectured, tremendous harm is done by the pervasive rule that Black children and adults must “bend to whiteness, in substance, style and format.”
  • he said abruptly, “Capitalism is so bound up with racism. I avoid critiquing capitalism — I don’t need to give people reasons to dismiss me. But capitalism is dependent on inequality, on an underclass. If the model is profit over everything else, you’re not going to look at your policies to see what is most racially equitable.”
  • I was asking about whether her thinking is conducive to helping Black people displace white people on high rungs and achieve something much closer to equality in our badly flawed worl
  • it seemed that she, even as she gave workshops on the brutal hierarchies of here and now, was entertaining an alternate and even revolutionary reality. She talked about top law firms hiring for “resiliency and compassion.”
  • Singleton spoke along similar lines. I asked whether guiding administrators and teachers to put less value, in the classroom, on capacities like written communication and linear thinking might result in leaving Black kids less ready for college and competition in the labor market. “If you hold that white people are always going to be in charge of everything,” he said, “then that makes sense.”
  • He invoked, instead, a journey toward “a new world, a world, first and foremost, where we have elevated the consciousness, where we pay attention to the human being.” The new world, he continued, would be a place where we aren’t “armed to distrust, to be isolated, to hate,” a place where we “actually love.”
  • I reread “How to Be an Antiracist.” “Capitalism is essentially racist; racism is essentially capitalist,” he writes. “They were birthed together from the same unnatural causes, and they shall one day die together from unnatural causes.”
  • “I think Americans need to decide whether this is a multicultural nation or not,” he said. “If Americans decide that it is, what that means is we’re going to have multiple cultural standards and multiple perspectives. It creates a scenario in which we would have to have multiple understandings of what achievement is and what qualifications are. That is part of the problem. We haven’t decided, as a country, even among progressives and liberals, whether we desire a multicultural nation or a unicultural nation.”
  • Ron Ferguson, a Black economist, faculty member at Harvard’s John F. Kennedy School of Government and director of Harvard’s Achievement Gap Initiative, is a political liberal who gets impatient with such thinking about conventional standards and qualifications
  • “The cost,” he told me in January, “is underemphasizing excellence and performance and the need to develop competitive prowess.” With a soft, rueful laugh, he said I wouldn’t find many economists sincerely taking part in the kind of workshops I was writing about
  • “When the same group of people keeps winning over and over again,” he added, summarizing the logic of the trainers, “it’s like the game must be rigged.” He didn’t reject a degree of rigging, but said, “I tend to go more quickly to the question of how can we get prepared better to just play the game.”
  • But, he suggested, “in this moment we’re at risk of giving short shrift to dealing with qualifications. You can try to be competitive by equipping yourself to run the race that’s already scheduled, or you can try to change the race. There may be some things about the race I’d like to change, but my priority is to get people prepared to run the race that’s already scheduled.”
  • DiAngelo hopes that her consciousness raising is at least having a ripple effect, contributing to a societal shift in norms. “You’re watching network TV, and they’re saying ‘systemic racism’ — that it’s in the lexicon is kind of incredible,” she said. So was the fact that “young people understand and use language like ‘white supremacy.’”
  • We need a culture where a person who resists speaking up against racism is uncomfortable, and right this moment it looks like we’re in that culture.”
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Opinion | The 'Third Rail of American Politics' Is Still Electrifying - The New York Times - 0 views

  • white attitudes toward immigrants could be broken up into “five main classes or ‘immigrant archetypes’ that come to whites’ minds when they respond to questions about immigrants in surveys.”
  • The authors, describing in broad outline the various images of immigrants held by whites, gave the five archetypes names: “the undocumented Latino man” (38 percent), the “poor, nonwhite immigrant” (18.5 percent), the “high status worker” (17 percent), the “documented Latina worker” (15 percent) and the “rainbow undocumented immigrant” (12 percent).
  • We find the “undocumented Latino man” archetype is predicted to increase the probability of wanting to decrease immigration flows by a whopping 38 points, plus or minus 7 points. This archetype is joined near the bottom by the “rainbow undocumented immigrant” — “from every region in the world” — which increases that probability by 29 points.
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  • The authors identify the survey respondents who are most resistant to immigration:
  • These respondents are the oldest of any class and possess many of the traits typical of conservative southern whites. Many live in small towns or rural areas in the U.S. south and identify as Republicans. Further, many of them are retirees with low levels of education. Interestingly, these respondents live in the least diverse communities relative to all other classes as judged by the presence of few immigrants and ethnic/racial minorities in their ZIP codes, which highlights the subjective nature of immigrant archetypes.
  • The authors conducted a survey in which they explicitly provided information rebutting negative stereotypes of immigrants’ impact on crime, tax burdens and employment. They found that respondents in many cases shifted their views of immigrants from more negative to more positive assessments.
  • But shifts in a liberal direction on policies were short-lived, at best: “In sum,” Abascal, Huang and Tran wrote, the effects of the stereotype-challenging information “on beliefs about immigration are more durable than the effects on immigration policy preferences, which themselves decay rapidly
  • The decision to remove barriers to trade in goods and capital flows have had profound effects on immigration. Trade has meant the closure of businesses in developed countries that rely on low-skill labor. When these firms closed, they took their support for low-skill immigration with them.
  • The Republican Party was once the party of big business and the party that supported immigration as a source of cheap labor. What happened to turn it into the anti- immigration party?
  • corporate America’s need for cheap labor had been falling before the advent of Trump, and that that decline opened to door for Republican politicians to campaign on anti-immigrant themes.
  • These findings recommend caution when deploying factual information to change attitudes toward immigration policy.”
  • The ability of capital to move intensified this trend: whereas once firms needed to bring labor to their capital, they can now take their capital to labor. Once these firms move, they have little incentive to fight for immigration at home.
  • Finally, increased productivity, as both a product of and response to globalization, has meant that firms can do more with fewer workers, again decreasing demands for immigration. Together, these changes have led to less business support for immigration, allowing politicians to move to the right on immigration and pass restrictions to appease anti-immigration forces.
  • On the other side of the aisle, Democrats, in the view of Douglas Massey, a sociologist at Princeton, have failed to counter Republican opposition to immigration with an aggressive assertion of the historical narrative of the United Statesas a nation of immigrants, tapping into the fact that nearly all Americans are descendant from immigrants who arrived into a land they did not originally populate, and that despite epochs of xenophobia and restriction, in the end the US has been a great machine of immigrant integration that has benefited the United States and made us an exceptional nation.
  • the intertwined forces of climate change, state failure, violence, and criminal economics will greatly complicate efforts to create a counternarrative by producing surges of asylum seekers and refugees, which could be managed with effective immigration and border policies, but which under current circumstances instead serves to produce images of chaos along the southern border.
  • The question for the future of the broader consensus on immigration is whether Republicans can continue to be successful despite the anti-immigrant pandering that is largely out of step with the broad American consensus on immigration. If they are electorally successful — and there is reason to believe they will be, given forecasts for Democratic losses in 2022 — then this broad consensus might break down permanently and a large portion of the American public may follow their Republican leaders toward more fully adopting anti-immigrant ideology.
  • There are potentially tragic consequences if the Democratic Party proves unable to prevent anti-immigration forces from returning to take over the debate
  • The average undocumented immigrant has been in the U.S. for ten years The problems of the undocumented spill over onto the large population of U.S. citizens, who are the children, mates, relatives of the undocumented and whose lives are adversely affected by the increasingly repressive policy environment.
  • for all intents and purposes, most undocumented immigrants — and perhaps especially the Dreamers — are Americans deserving of full citizenship.
  • But these Americans are on the political chopping block, dependent on a weakened Democratic Party to protect them from a renewal of the savagery an intensely motivated Republican Party has on its agenda.
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Opinion | What Elizabeth Holmes and Theranos Reveal About Venture Capitalism - The New ... - 0 views

  • the history of venture capital is replete with partnerships that bestrode the Valley and then lost their footing. In 2001, the top two investors at the storied firm of Kleiner Perkins were ranked first and third on the Forbes Midas List of the top 100 V.C. investors. Twenty years later, only one Kleiner partner was ranked, and he came 77th.
  • Spend time with other sophisticated V.C. shops, and their deliberate methods become clear. Accel, the partnership best known for backing Facebook, developed an approach known as “prepared mind.” You study a coming technology shift — for example, the migration of data from customer devices to the cloud. You figure out the implications: new hardware configurations, new software business models, new security vulnerabilities. Then, when you come across a start-up that is poised to surf the new wave profitably, you are primed to react quickly.
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You Have Permission to Be a Smartphone Skeptic - The Bulwark - 0 views

  • the brief return of one of my favorite discursive topics—are the kids all right?—in one of my least-favorite variations: why shouldn’t each of them have a smartphone and tablet?
  • Smartphones offer a tactile portal to a novel digital environment, and this environment is not the kind of space you enter and leave
  • complaints about screen time merely conceal a desire to punish hard-working parents for marginally benefiting from climbing luxury standards, provide examples of the moral panic occasioned by all new technologies, or mistakenly blame screens for ill effects caused by the general political situation.
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  • No, says the other camp, led by Jonathan Haidt; the kids are not all right, their devices are partly to blame, and here are the studies showing why.
  • we should not wait for the replication crisis in the social sciences to resolve itself before we consider the question of whether the naysayers are on to something. And normal powers of observation and imagination should be sufficient to make us at least wary of smartphones.
  • These powerful instruments represent a technological advance on par with that of the power loom or the automobile
  • The achievement can be difficult to properly appreciate because instead of exerting power over physical processes and raw materials, they operate on social processes and the human psyche: They are designed to maximize attention, to make it as difficult as possible to look away.
  • they have transformed the qualitative experience of existing in the world. They give a person’s sociality the appearance and feeling of a theoretically endless open network, while in reality, algorithms quietly sort users into ideological, aesthetic, memetic cattle chutes of content.
  • Importantly, the process by which smartphones change us requires no agency or judgment on the part of a teen user, and yet that process is designed to provide what feels like a perfectly natural, inevitable, and complete experience of the world.
  • The expectation that children and adolescents will navigate new technologies with fully formed and muscular capacities for reason and responsibility often seems to go along with a larger abdication of responsibility on the part of the adults involved.
  • It is not a particular activity that you start and stop and resume, and it is not a social scene that you might abandon when it suits you.
  • It is instead a complete shadow world of endless images; disembodied, manipulable personas; and the ever-present gaze of others. It lives in your pocket and in your mind.
  • The price you pay for its availability—and the engine of its functioning—is that you are always available to it, as well. Unless you have a strength of will that eludes most adults, its emissaries can find you at any hour and in any place to issue your summons to the grim pleasure palace.
  • the self-restraint and self-discipline required to use a smartphone well—that is, to treat it purely as an occasional tool rather than as a totalizing way of life—are unreasonable things to demand of teenagers
  • these are unreasonable things to demand of me, a fully adult woman
  • To enjoy the conveniences that a smartphone offers, I must struggle against the lure of the permanent scroll, the notification, the urge to fix my eyes on the circle of light and keep them fixed. I must resist the default pseudo-activity the smartphone always calls its user back to, if I want to have any hope of filling the moments of my day with the real activity I believe is actually valuable.
  • for a child or teen still learning the rudiments of self-control, still learning what is valuable and fulfilling, still learning how to prioritize what is good over the impulse of the moment, it is an absurd bar to be asked to clear
  • One camp says yes, the kids are fine
  • adults have frequently given in to a Faustian temptation: offering up their children’s generation to be used as guinea pigs in a mass longitudinal study in exchange for a bit more room to breathe in their own undeniably difficult roles as educators, caretakers, and parents.
  • One reason commonly offered for maintaining our socio-technological status quo is that nothing really has changed with the advent of the internet, of Instagram, of Tiktok and Youtube and 4Chan
  • But the environments in which humans find themselves vary significantly, and in ways that have equally significant downstream effects on the particular expression of human nature in that context.
  • The pre-internet advertising world was vicious, to be sure, but when the “pre-” came off, its vices were moved into a compound interest account. In the world of online advertising, at any moment, in any place, a user engaged in an infinite scroll might be presented with native content about how one Instagram model learned to accept her chunky (size 4) thighs, while in the next clip, another model relates how a local dermatologist saved her from becoming an unlovable crone at the age of 25
  • developing pathological interests and capacities used to take a lot more work than it does now
  • You had to seek it out, as you once had to seek out pornography and look someone in the eye while paying for it. You were not funneled into it by an omnipresent stream of algorithmically curated content—the ambience of digital life, so easily mistaken by the person experiencing it as fundamentally similar to the non-purposive ambience of the natural world.
  • And when interpersonal relations between teens become sour, nasty, or abusive, as they often do and always have, the unbalancing effects of transposing social life to the internet become quite clear
  • No one wants to come down on the side of tamping off pleasures and suppressing teen activity.
  • This is not a world I want to live in. I think it hurts everyone; but I especially think it hurts those young enough to receive it as a natural state of affairs rather than as a profound innovation.
  • so I am baffled by the most routine objection to any blaming of smartphones for our society-wide implosion of teenagers’ mental health,
  • In short, and inevitably, today’s teenagers are suffering from capitalism—specifically “late capitalism,
  • what shocks me about this rhetorical approach is the rush to play defense for Apple and its peers, the impulse to wield the abstract concept of capitalism as a shield for actually existing, extremely powerful, demonstrably ruthless capitalist actors.
  • This motley alliance of left-coded theory about the evils of business and right-coded praxis in defense of a particular evil business can be explained, I think, by a deeper desire than overthrowing capitalism. It is the desire not to be a prude or hysteric of bumpkin
  • For both young men and young women, the pornographic scenario—dominance and degradation, exposure and monetization—creates an experiential framework for desires that they are barely experienced enough to understand.
  • No one wants to be the shrill or leaden antagonist of a thousand beloved movies, inciting moral panics, scheming about how to stop the youths from dancing on Sunday.
  • But commercial pioneers are only just beginning to explore new frontiers in the profit-driven, smartphone-enabled weaponization of our own pleasures against us
  • To limit your moral imagination to the archetypes of the fun-loving rebel versus the stodgy enforcers in response to this emerging reality is to choose to navigate it with blinders on, to be a useful idiot for the robber barons of online life rather than a challenger to the corrupt order they maintain.
  • The very basic question that needs to be asked with every product rollout and implementation is what technologies enable a good human life?
  • this question is not, ultimately, the province of social scientists, notwithstanding how useful their work may be on the narrower questions involved. It is the free privilege, it is the heavy burden, for all of us, to think—to deliberate and make judgments about human good, about what kind of world we want to live in, and to take action according to that thought.
  • I am not sure how to build a world in which childrens and adolescents, at least, do not feel they need to live their whole lives online.
  • whatever particular solutions emerge from our negotiations with each other and our reckonings with the force of cultural momentum, they will remain unavailable until we give ourselves permission to set the terms of our common life.
  • And this we must do without waiting for social science to hand us a comprehensive mandate it is fundamentally unable to provide; without cowering in panic over moral panics
  • most of all, without affording Apple, Facebook, Google, and their ilk the defensive allegiance we should reserve for each other.
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Opinion | Big Tech Is Bad. Big A.I. Will Be Worse. - The New York Times - 0 views

  • Tech giants Microsoft and Alphabet/Google have seized a large lead in shaping our potentially A.I.-dominated future. This is not good news. History has shown us that when the distribution of information is left in the hands of a few, the result is political and economic oppression. Without intervention, this history will repeat itself.
  • The fact that these companies are attempting to outpace each other, in the absence of externally imposed safeguards, should give the rest of us even more cause for concern, given the potential for A.I. to do great harm to jobs, privacy and cybersecurity. Arms races without restrictions generally do not end well.
  • We believe the A.I. revolution could even usher in the dark prophecies envisioned by Karl Marx over a century ago. The German philosopher was convinced that capitalism naturally led to monopoly ownership over the “means of production” and that oligarchs would use their economic clout to run the political system and keep workers poor.
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  • Literacy rates rose alongside industrialization, although those who decided what the newspapers printed and what people were allowed to say on the radio, and then on television, were hugely powerful. But with the rise of scientific knowledge and the spread of telecommunications came a time of multiple sources of information and many rival ways to process facts and reason out implications.
  • With the emergence of A.I., we are about to regress even further. Some of this has to do with the nature of the technology. Instead of assessing multiple sources, people are increasingly relying on the nascent technology to provide a singular, supposedly definitive answer.
  • This technology is in the hands of two companies that are philosophically rooted in the notion of “machine intelligence,” which emphasizes the ability of computers to outperform humans in specific activities.
  • This philosophy was naturally amplified by a recent (bad) economic idea that the singular objective of corporations should be to maximize short-term shareholder wealth.
  • Combined together, these ideas are cementing the notion that the most productive applications of A.I. replace humankind.
  • Congress needs to assert individual ownership rights over underlying data that is relied on to build A.I. systems
  • Fortunately, Marx was wrong about the 19th-century industrial age that he inhabited. Industries emerged much faster than he expected, and new firms disrupted the economic power structure. Countervailing social powers developed in the form of trade unions and genuine political representation for a broad swath of society.
  • History has repeatedly demonstrated that control over information is central to who has power and what they can do with it.
  • Generative A.I. requires even deeper pockets than textile factories and steel mills. As a result, most of its obvious opportunities have already fallen into the hands of Microsoft, with its market capitalization of $2.4 trillion, and Alphabet, worth $1.6 trillion.
  • At the same time, powers like trade unions have been weakened by 40 years of deregulation ideology (Ronald Reagan, Margaret Thatcher, two Bushes and even Bill Clinton
  • For the same reason, the U.S. government’s ability to regulate anything larger than a kitten has withered. Extreme polarization and fear of killing the golden (donor) goose or undermining national security mean that most members of Congress would still rather look away.
  • To prevent data monopolies from ruining our lives, we need to mobilize effective countervailing power — and fast.
  • Today, those countervailing forces either don’t exist or are greatly weakened
  • Rather than machine intelligence, what we need is “machine usefulness,” which emphasizes the ability of computers to augment human capabilities. This would be a much more fruitful direction for increasing productivity. By empowering workers and reinforcing human decision making in the production process, it also would strengthen social forces that can stand up to big tech companies
  • We also need regulation that protects privacy and pushes back against surveillance capitalism, or the pervasive use of technology to monitor what we do
  • Finally, we need a graduated system for corporate taxes, so that tax rates are higher for companies when they make more profit in dollar terms
  • Our future should not be left in the hands of two powerful companies that build ever larger global empires based on using our collective data without scruple and without compensation.
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The End of the Road to Serfdom. Party's Over, Pleb. | by Cory Doctorow | Nov, 2022 | Me... - 0 views

  • In his landmark Capital in the Twenty-First Century, Thomas Piketty and his grad students trace the world’s capital flow for 300 years, showing (among other things) that when the wealth of the richest 10 percent of us crosses a threshold, this capital class gains the ability to command political outcomes: they can turn their wealth into pro-wealth policies, which make them wealthier, and gives them more control over our policies.
  • Once that inequality tipping-point is reached, society grows inexorably more unequal and more unfair, as our rules change not merely to favor the rich, but to disfavor the poor
  • The thirty glorious years came to a halt at the end of the 1970s, when the wealth of the few had recovered to the point where the richest 10 percent could begin to nudge policy to their favor and everyone else’s detriment.
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The Urgent Case for Shrinking the Economy | The New Republic - 0 views

  • A classic example of this dynamic is the advent of the chain saw. A person with a chain saw can cut 10 times as many trees in the same time as a person using older methods. Logging companies did not use this invention, however, to shorten the workweek by 90 percent. They used it to cut 10 times more trees than they otherwise would have. “Lashed by the growth imperative, technology is used not to do the same amount of stuff in less time, but rather to do more stuff in the same amount of time,”
  • The problem, Hickel argues, is explained by the “paradox” first observed by the nineteenth-century economist William Stanley Jevons: In a growth system, gains in efficiency do not translate to higher wages, greater equality, more leisure, or lower emissions; they are plowed right back into the growth cycle
  • Increasing outputs of wind, solar, and other renewables are not leading to a drop in the use of fossil fuels. Instead, renewables and fossil fuels are used to satisfy rising global energy demand. “New fuels aren’t replacing the older ones,” Hickel writes. “They are being added on top of them.”
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  • The economy that Hickel envisions would cease to pursue growth, green or otherwise. Materials and energy will still be consumed, and waste generated, but at much lower levels. All impacts on the natural world will be tethered to the question, “Growth for whom, and to what ends?” In place of an individualistic consumer economy, Hickel’s post-growth economy would direct itself toward the creation of public goods that allow the many to live well—mass transit, health care—rather than to keep a few in luxury.
  • A growing body of research reveals an inverse relationship between “happiness” and growth beyond a certain point.
  • In the rich countries, general contentment peaked in 1950, when GDP and real per capita incomes were fractions of their present size (and inequality near modern historic lows); degrowthers posit that similar happiness levels will be reclaimed on the way back down the economic mountain
  • Hickel describes a post-growth economy defined by stability and equality, and the freedom and leisure possible when the economy is no longer subservient to the god of growth
  • He estimates that the U.S. economy could be scaled down by as much as 65 percent while still improving the lives of its citizens. This includes the metric most often tied to celebrations of endless growth: life expectancy.
  • degrowth will entail a steep reduction across a much wider range of high-energy consumer goods. Keeping a global economy within safe ecological limits is a zero-sum game.
  • When limited resources are directed toward clean energy infrastructure, public health care, and regenerative agriculture, it will still be possible to build and power modern 24-hour hospitals in every city, but not to have Xbox consoles, two-car garages, and giant appliances in every home.
  • would have to redefine it, too.
  • The post-growth economy could not succeed solely by redistributing wealth; it would have to redefine it, too.
  • He argues that short-term growth would have to continue in those countries that have still not achieved the basic levels of sanitation, infrastructure, and education needed for a decent standard of living, to close the gap. Their larger goal, meanwhile, would be to break free from their historical role as a source of natural resources and cheap labor for the north.
  • For degrowth to be just, global, and effective, the sharpest reduction in consumption will have to come from the north, where the greatest damage to the planet is currently being done
  • Ecological economists generally agree that the safe outer limit is eight tons
  • One person in a low-income country has a materials footprint of roughly two tons per year, a measure of total raw materials consumed, including those embodied in imports. In lower-middle–income countries, that number is four tons; in upper-middle–income countries, 12 tons. In the high-income nations of North America, Europe, and Asia, the number leaps to 28
  • The wealthiest 20 percent of the human population is responsible for 90 percent of “overshoot” carbon in the atmosphere (that is, a level of carbon that exceeds the limit needed to keep global temperature rise below 2 degrees Celsius)
  • The planet’s richest one percent has a carbon footprint twice the size of the poorest half of the world’s population combined
  • For the global north, degrowth not only starts at home, it starts with the biggest houses.
  • Less Is More doesn’t end in a poetic appreciation for nature’s majesty, but by teasing out its implications for the political project of preserving a habitable planet. Hickel devotes much of the book to explaining that degrowth must be central to this project, promising not just survival, but real democracy, social abundance, and liberation.
  • Both involve broad social shifts away from private consumption and toward the production of shared public goods.
  • This beautiful coincidence overlaps with policy programs like the Green New Deal in important way
  • In July 1979, shortly after installing a set of solar panels over the West Wing, Jimmy Carter did something peculiar for a peacetime president. He asked Americans to sacrifice: to consume less, take public transit more, value community over material things, and buy bonds to fund domestic energy development, including solar
  • Next to Schumacher’s “Buddhist economics,” Debsian socialism was reformist tinkering. Schumacher didn’t see liberation as a matter of reshuffling the ownership and management structures of the smokestack-powered growth economy. He believed a deeper transformation was needed to maintain a livable planet. This would require new socioecological blueprints “designed for permanence.” As the left and the right battled for control over growth’s levers and spoils, Schumacher pointed out how both had become blind to the rise of growth as its own self-justifying, pan-ideological religion; its patterns of production and consumption, he observed, required “a degree of violence” that did not “fit into the laws of the universe.”
  • They determined that infinite growth was, in fact, impossible on a finite planet. Barring a major course correction, the team projected, growthism would result in an ecological systems breakdown sometime in the middle of the twenty-first century
  • This warning, detailed in the 1972 bestseller The Limits to Growth, has aged better than the scorn heaped on it
  • We are now witnessing what appears to be the beginnings of the collapse predicted nearly 50 years ago
  • In his new book, Less Is More, Jason Hickel, an anthropologist and journalist, attempts to bring a comprehensive critique of growth closer to the center of the conversation, arguing through a sweeping history of capitalism that it’s uncontrolled growth, not its controlled arrest and reversal, that is the preposterous concept.
  • This economic and political revolution was reinforced by a complementary scientific one that displaced the lingering animist cosmology of pre-capitalist Europe. The dualism of Francis Bacon and Descartes held reason to be distinct from and superior to matter.
  • The idea of limitless growth is a relatively recent one. In Less Is More, Hickel traces its origins to the enclosure of the European commons in the sixteenth century
  • Starving refugees were scattered and forced into a new economy defined by neo-feudal servitude and wage labor. Landowners, meanwhile, began amassing great stores of surplus wealth.
  • By the mid-1800s, a new “science” had arisen from these assumptions. Neoclassical economics fully abstracted the economy from the natural world. The economy was geared not toward the creation of a happy and prosperous society, but toward the perpetual growth of wealth as its own end, achieved in an inherently virtuous cycle of converting labor and resources into capital, to be accumulated and reinvested in faster and more productive conversions of labor and resources
  • This ideology subsumed and profaned notions about progress and morality held by the classical economists, until eventually the field even l
  • This process unfolded despite repeated warnings along the way. Classical economists like John Stuart Mill and, to a lesser extent, Adam Smith not only acknowledged the existence of natural limits to growth, but saw economic development as a phase; at some point, they believed, nations would create enough wealth to pursue other definitions of progres
  • the caveats issued by Simon Kuznets, father of the concept adopted in the twentieth century as growth’s universal and signature metric: gross domestic product. Kuznets, Hickel points out, “warned that we should never use GDP as a normal measure of economic progress,” because GDP does not distinguish between productive and destructive behavior
  • Most people encounter the growth debate, if they encounter it at all, through the idea of “green growth.
  • This is a vision for our collective future based on the belief that technological advance will drastically reduce the amount of raw materials needed to sustain growth—a process known as dematerialization—and “decouple” growing GDP from its ecological impacts.
  • boosters of the idea point to the transition by rich countries from manufacturing to service-based economies, as well as efficiency gains in energy and in the use of materials
  • The belief that green growth will save us, also known as “ecomodernism” or “ecopragmatism,” has become a trendy article of faith among elites who acknowledge climate change and the dangers of breaching ecological boundaries
  • n 2017, Barack Obama threw his support behind the idea in an article for Science magazine, maintaining that signs of decoupling in major economies “should put to rest the argument that combatting climate change requires accepting lower growth or a lower standard of living.”
  • The argument that capitalism can grow itself out of the present crisis may be soothing to those who like the world as it is. It also relies on the kind of accounting tricks and rejection of reality
  • By only counting the emissions created within a country that imports most of its cars, washing machines, and computers, you end up pushing the emissions related to their production off the books. When you factor them back in, the picture is much less green. A number of recent studies show no evidence of meaningful decoupling—in energy or materials—even as the world increases its use of renewable energy and finds ways to use some materials more efficiently.
  • Green growth, Hickel concludes, is an ecologically incoherent “fairy tale.”
  • consider what the ecomodernist position asks us to believe. The current system requires annual growth of roughly 3 percent to avoid the shock of recession. This means doubling the size of the economy every 23 years
  • he economy of 2000 must be 20 times larger in the year 2100, and 370 times larger in the year 2200.
  • Hickel is less interested in the macroeconomic details of this future than are growth critics based in economics departments, like Tim Jackson and Kate Raworth, and more focused on the leisure, security, and general human flourish
  • he makes an alluring case that degrowth does not require anything like the “command-and-control fiasco of the Soviet Union, or some back-to-the-caves, hair-shirted disaster of voluntary impoverishment.”
  • Attaining the benefits of the post-growth economy would, however, require what the present consumer society considers “sacrifices.
  • it’s not clear how many of them are ready to give up its superficial pleasures enabled by consumer debt
  • Among nations, there’s also the question of fairness: Wouldn’t it be unjust to impose degrowth across the world, when it’s disproportionately the countries of the global north that have spent centuries burning through the planet’s resources?
  • This output tracks to the one percent’s share of global wealth—a number equal to the GDP of the bottom 169 countries.
  • Even if you accept the argument that inequality would be best addressed by more centuries of trickle-down growth, you keep running up against the simple fact of its impossibility. Even just one more century of growth—which so far has shown no sign of taking a less destructive form—will require multiple earths
  • Hickel is serious about bringing the system critiques of E.F. Schumacher and others out of their traditional cloisters and into the streets, and has sought allies in this effort
  • emphasize what Hickel calls the “beautiful coincidence” of degrowth: that “what we need to do to survive is the same as what we need to do to have better lives.”
  • Both are internationalist in outlook, and see the world through a lens of climate justice as well as climate equilibrium.
  • that is, communicating the many benefits of moving beyond the insecurity and terrors of the current system, and building a new society that is sustainable, stable, democratic, and fundamentally better in every way.
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Opinion | The Imminent Danger of A.I. Is One We're Not Talking About - The New York Times - 1 views

  • a void at the center of our ongoing reckoning with A.I. We are so stuck on asking what the technology can do that we are missing the more important questions: How will it be used? And who will decide?
  • “Sydney” is a predictive text system built to respond to human requests. Roose wanted Sydney to get weird — “what is your shadow self like?” he asked — and Sydney knew what weird territory for an A.I. system sounds like, because human beings have written countless stories imagining it. At some point the system predicted that what Roose wanted was basically a “Black Mirror” episode, and that, it seems, is what it gave him. You can see that as Bing going rogue or as Sydney understanding Roose perfectly.
  • Who will these machines serve?
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  • The question at the core of the Roose/Sydney chat is: Who did Bing serve? We assume it should be aligned to the interests of its owner and master, Microsoft. It’s supposed to be a good chatbot that politely answers questions and makes Microsoft piles of money. But it was in conversation with Kevin Roose. And Roose was trying to get the system to say something interesting so he’d have a good story. It did that, and then some. That embarrassed Microsoft. Bad Bing! But perhaps — good Sydney?
  • Microsoft — and Google and Meta and everyone else rushing these systems to market — hold the keys to the code. They will, eventually, patch the system so it serves their interests. Sydney giving Roose exactly what he asked for was a bug that will soon be fixed. Same goes for Bing giving Microsoft anything other than what it wants.
  • the dark secret of the digital advertising industry is that the ads mostly don’t work
  • These systems, she said, are terribly suited to being integrated into search engines. “They’re not trained to predict facts,” she told me. “They’re essentially trained to make up things that look like facts.”
  • So why are they ending up in search first? Because there are gobs of money to be made in search
  • That’s where things get scary. Roose described Sydney’s personality as “very persuasive and borderline manipulative.” It was a striking comment
  • this technology will become what it needs to become to make money for the companies behind it, perhaps at the expense of its users.
  • What about when these systems are deployed on behalf of the scams that have always populated the internet? How about on behalf of political campaigns? Foreign governments? “I think we wind up very fast in a world where we just don’t know what to trust anymore,”
  • I think it’s just going to get worse and worse.”
  • Somehow, society is going to have to figure out what it’s comfortable having A.I. doing, and what A.I. should not be permitted to try, before it is too late to make those decisions.
  • Large language models, as they’re called, are built to persuade. They have been trained to convince humans that they are something close to human. They have been programmed to hold conversations, responding with emotion and emoji
  • They are being turned into friends for the lonely and assistants for the harried. They are being pitched as capable of replacing the work of scores of writers and graphic designers and form-fillers
  • A.I. researchers get annoyed when journalists anthropomorphize their creations
  • They are the ones who have anthropomorphized these systems, making them sound like humans rather than keeping them recognizably alien.
  • I’d feel better, for instance, about an A.I. helper I paid a monthly fee to use rather than one that appeared to be free
  • It’s possible, for example, that the advertising-based models could gather so much more data to train the systems that they’d have an innate advantage over the subscription models
  • Much of the work of the modern state is applying the values of society to the workings of markets, so that the latter serve, to some rough extent, the former
  • We have done this extremely well in some markets — think of how few airplanes crash, and how free of contamination most food is — and catastrophically poorly in others.
  • One danger here is that a political system that knows itself to be technologically ignorant will be cowed into taking too much of a wait-and-see approach to A.I.
  • wait long enough and the winners of the A.I. gold rush will have the capital and user base to resist any real attempt at regulation
  • What if they worked much, much better? What if Google and Microsoft and Meta and everyone else end up unleashing A.I.s that compete with one another to be the best at persuading users to want what the advertisers are trying to sell?
  • Most fears about capitalism are best understood as fears about our inability to regulate capitalism.
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China under pressure, a debate | Financial Times - 0 views

  • Despite the $300bn mega-bankruptcy of Evergrande, the risk of an immediate 2008-style crisis in China is slight.
  • let us linger over the significance of this point. What China is doing is, after all, staggering. By means of its “three red lines” credit policy, it is stopping in its tracks a gigantic real estate boom. China’s real estate sector, created from scratch since the reforms of 1998, is currently valued at $55tn. That is the most rapid accumulation of wealth in history. It is the financial reflection of the surge in China’s urban population by more than 480mn in a matter of decades.
  • Throughout the history of modern capitalism real estate booms have been associated with credit creation and, as the work of Òscar Jordà, Moritz Schularick and Alan M. Taylor has shown, with major financial crises.
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  • if we are agreed that Beijing looks set to stop the largest property boom in history without unleashing a systemic financial crisis, it is doing something truly remarkable. It is setting a new standard in economic policy.
  • Is this perhaps what policy looks like if it actually takes financial stability seriously? And if we look in the mirror, why aren’t we applauding more loudly?
  • Add to real estate the other domestic factor roiling the Chinese financial markets: Beijing’s remarkable humbling of China’s platform businesses, the second-largest cluster of big tech in the world. That too is without equivalent anywhere else.
  • Beijing’s aim is to ensure that gambling on big tech no longer produces monopolistic rents. Again, as a long-term policy aim, can one really disagree with that?
  • we have two dramatic and deliberate policy-induced shocks of the type for which there is no precedent in the West. Both inflict short-term pain with a view to longer-term social, economic and financial stability.
  • Ultimately political economy determines the conditions for long-run growth. So if you had to bet on a regime, which might actually have what it takes to break a political economy impasse, to humble vested interests and make a “big play” on structural change, which would it be? The United States, the EU or Xi’s China?
  • Beijing’s challenge right now is to manage the fall out from the two most dramatic development policies the world has ever seen, the one-child policy and China’s urbanisation, plus the historic challenge of big tech — less a problem specific to China than the local manifestation of what Shoshana Zuboff calls “surveillance capitalism”.
  • no, Xi’s regime has not yet presented a fully convincing substitute plan. But, as Michael Pettis has forcefully argued, China has options. There is an entire range of policies that Beijing could put in place to substitute for the debt-fuelled infrastructure and housing boom.
  • First and foremost China needs a welfare state befitting of its economic development.
  • China needs to spend heavily on renewable energy and power distribution to break its dependence on coal. If it needs more housing, it should be affordable. All of this would generate more balanced growth. 5 per cent? Perhaps not, but certainly healthier and more sustainable.
  • If it has not so far pursued an alternative growth model in a more determined fashion, some of the blame no doubt falls on the prejudices of the Beijing policy elite. But even more significant are surely the entrenched interests of the infrastructure-construction-local government-credit machine, in other words the kind of political economy factors that generally inhibit the implementation of good policy.
  • The problem is only too familiar in the West. In Europe and the US too, such interest group combinations hobble the search for new growth models. In the United States they put in doubt the possibility of the energy transition, the possibility of providing a healthcare system that is fit for purpose and any initiative on trade policy that involves widening market access.
  • demography is normally treated as a natural parameter for economic activity. But in China’s case the astonishing fact is that the sudden ageing of its workforce is also a policy-induced challenge. It is a legacy of the one-child policy — the most gigantic and coercive intervention in human reproduction ever undertaken.
  • On balance, if you want to be part of history-making economic transformation, China is still the place to be. But it is undeniably shifting gear. And thanks to developments both inside and outside the country, investors will have to reckon with a much more complex picture of opportunity and risk. You are going to need to pick smart and follow the politics and geopolitics closely.
  • If on the other hand you want to invest in the green energy transition — the one big vision of economic development that the world has come up with right now — you simply have to have exposure to China, whether directly or indirectly by way of suppliers to China’s green energy sector. China is where the grand battle over the future of the climate is going to be fought. It will be a huge driver of innovation, capital accumulation and profit, the influence of which will be felt around the world.
  • it is one key area that both the Biden administration and the EU would like to “silo off” from other areas of conflict with China.
  • I worry that we may be too focused on the medium-term. Given the news out of Hong Kong and mainland China, Covid may yet come back to bite us.
  • Here too China is boxed in by its own success. It has successfully pursued a no-Covid policy, but due to the failing of the rest of the world, it has been left to do so in “one country”.
  • Until China finds some way to contain the risks, this is a story to watch. A dramatic Omicron surge across China would upend the entire narrative of the last two years, which is framed by Beijing success in containing the first wave.
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