Skip to main content

Home/ History Readings/ Group items tagged cbs

Rss Feed Group items tagged

abbykleman

Trump cites Kremlin statement to deny reports of Russia ties, asks if 'we are living in... - 0 views

  •  
    Donald Trump on Wednesday morning angrily denounced news reports about potentially compromising information Russia has allegedly gathered about him, citing denials from the Kremlin that it has collected any such intelligence material. Trump, on his Twitter account, also charged that his "crooked opponents" are trying to undermine his electoral victory and accused the intelligence community of leaking the information to get in "one last shot at me.
ecfruchtman

Democrats to force tough votes in Obamacare 'Vote-a-rama' - 0 views

  •  
    Senate Democrats prepared Wednesday to make a late-night show of resistance againt gutting the Affordable Care act by forcing Republicans to take politically charged votes against protecting Medicare, Medicaid and other health-care programs. The mostly symbolic votes come amid growing concerns among congressional Republicans that the party is rushing to dismantle the ACA without any plan to replace it.
malonema1

Press corps pushes back against possible White House eviction - CBS News - 0 views

  • The White House Correspondents’ Association (WHCA) Board issued a critical statement Sunday about the possible relocation out of the executive mansion’s briefing room, following statements from the Trump staff that indicated press placement was not guaranteed.
  • The statement came shortly after a report in Esquire magazine that the Trump administration could be looking to evict the press corps from its spot in the White House Briefing Room, where journalists assigned to cover the president have been for decades
  • The reports come after recent flare-ups of Mr. Trump’s own antagonistic relationship with the press
fischerry

Angela Merkel replaces Hillary Clinton as prime target of fake news, analysis finds - C... - 0 views

  • Angela Merkel replaces Hillary Clinton as prime target of fake news, analysis finds
  • German Chancellor Angela Merkel has become a target of websites spreading fake news, misleading stories and conspiracy theories ahead of her country’s election, according to an analysis compiled by BuzzFeed News.
Javier E

Covering politics in a "post-truth" America | Brookings Institution - 0 views

  • The media scandal of 2016 isn’t so much about what reporters failed to tell the American public; it’s about what they did report on, and the fact that it didn’t seem to matter.
  • Facebook and Snapchat and the other social media sites should rightfully be doing a lot of soul-searching about their role as the most efficient distribution network for conspiracy theories, hatred, and outright falsehoods ever invented.
  • I’ve been obsessively looking back over our coverage, too, trying to figure out what we missed along the way to the upset of the century
  • ...28 more annotations...
  • (An early conclusion: while we were late to understand how angry white voters were, a perhaps even more serious lapse was in failing to recognize how many disaffected Democrats there were who would stay home rather than support their party’s flawed candidate.)
  • Stories that would have killed any other politician—truly worrisome revelations about everything from the federal taxes Trump dodged to the charitable donations he lied about, the women he insulted and allegedly assaulted, and the mob ties that have long dogged him—did not stop Trump from thriving in this election year
  • the Oxford Dictionaries announced that “post-truth” had been chosen as the 2016 word of the year, defining it as a condition “in which objective facts are less influential in shaping public opinion than appeals to emotion and personal belief.”
  • Meantime, Trump personally blacklisted news organizations like Politico and The Washington Post when they published articles he didn’t like during the campaign, has openly mused about rolling back press freedoms enshrined by the U.S. Supreme Court, and has now named Stephen Bannon, until recently the executive chairman of Breitbart—a right-wing fringe website with a penchant for conspiracy theories and anti-Semitic tropes—to serve as one of his top White House advisers.
  • none of this has any modern precedent. And what makes it unique has nothing to do with the outcome of the election. This time, the victor was a right-wing demagogue; next time, it may be a left-wing populist who learns the lessons of Trump’s win.
  • This is no mere academic argument. The election of 2016 showed us that Americans are increasingly choosing to live in a cloud of like-minded spin, surrounded by the partisan political hackery and fake news that poisons their Facebook feeds.
  • To help us understand it all, there were choices, but not that many: three TV networks that mattered, ABC, CBS, and NBC; two papers for serious journalism, The New York Times and The Washington Post; and two giant-circulation weekly newsmagazines, Time and Newsweek. That, plus whatever was your local daily newspaper, pretty much constituted the news.
  • Whether it was Walter Cronkite or The New York Times, they preached journalistic “objectivity” and spoke with authority when they pronounced on the day’s developments—but not always with the depth and expertise that real competition or deep specialization might have provided. They were great—but they were generalists.
  • Eventually, I came to think of the major media outlets of that era as something very similar to the big suburban shopping malls we flocked to in the age of shoulder pads and supply-side economics: We could choose among Kmart and Macy’s and Saks Fifth Avenue as our budgets and tastes allowed, but in the end the media were all essentially department stores, selling us sports and stock tables and foreign news alongside our politics, whether we wanted them or not. It may not have been a monopoly, but it was something pretty close.
  • This was still journalism in the scarcity era, and it affected everything from what stories we wrote to how fast we could produce them. Presidents could launch global thermonuclear war with the Russians in a matter of minutes, but news from the American hinterlands often took weeks to reach their sleepy capital. Even information within that capital was virtually unobtainable without a major investment of time and effort. Want to know how much a campaign was raising and spending from the new special-interest PACs that had proliferated? Prepare to spend a day holed up at the Federal Election Commission’s headquarters down on E Street across from the hulking concrete FBI building, and be sure to bring a bunch of quarters for the copy machine.
  • I am writing this in the immediate, shocking aftermath of a 2016 presidential election in which the Pew Research Center found that a higher percentage of Americans got their information about the campaign from late-night TV comedy shows than from a national newspaper. Don Graham sold the Post three years ago and though its online audience has been skyrocketing with new investments from Amazon.com founder Jeff Bezos, it will never be what it was in the ‘80s. That same Pew survey reported that a mere 2 percent of Americans today turned to such newspapers as the “most helpful” guides to the presidential campaign.
  • In 2013, Mark Leibovich wrote a bestselling book called This Town about the party-hopping, lobbyist-enabling nexus between Washington journalists and the political world they cover. A key character was Politico’s Mike Allen, whose morning email newsletter “Playbook” had become a Washington ritual, offering all the news and tidbits a power player might want to read before breakfast—and Politico’s most successful ad franchise to boot. In many ways, even that world of just a few years ago now seems quaint: the notion that anyone could be a single, once-a-day town crier in This Town (or any other) has been utterly exploded by the move to Twitter, Facebook, and all the rest. We are living, as Mark put it to me recently, “in a 24-hour scrolling version of what ‘Playbook’ was.”
  • These days, Politico has a newsroom of 200-odd journalists, a glossy award-winning magazine, dozens of daily email newsletters, and 16 subscription policy verticals. It’s a major player in coverage not only of Capitol Hill but many other key parts of the capital, and some months during this election year we had well over 30 million unique visitors to our website, a far cry from the controlled congressional circulation of 35,000 that I remember Roll Call touting in our long-ago sales materials.
  • I remained convinced that reporting would hold its value, especially as our other advantages—like access to information and the expensive means to distribute it—dwindled. It was all well and good to root for your political team, but when it mattered to your business (or the country, for that matter), I reasoned, you wouldn’t want cheerleading but real reporting about real facts. Besides, the new tools might be coming at us with dizzying speed—remember when that radical new video app Meerkat was going to change absolutely everything about how we cover elections?—but we would still need reporters to find a way inside Washington’s closed doors and back rooms, to figure out what was happening when the cameras weren’t rolling.
  • And if the world was suffering from information overload—well, so much the better for us editors; we would be all the more needed to figure out what to listen to amid the noise.
  • Trump turned out to be more correct than we editors were: the more relevant point of the Access Hollywood tape was not about the censure Trump would now face but the political reality that he, like Bill Clinton, could survive this—or perhaps any scandal. Yes, we were wrong about the Access Hollywood tape, and so much else.
  • Fake news is thriving In the final three months of the presidential campaign, the 20 top-performing fake election news stories generated more engagement on Facebook than the top stories from major news outlets such as The New York Times.
  • , we journalists were still able to cover the public theater of politics while spending more of our time, resources, and mental energy on really original reporting, on digging up stories you couldn’t read anywhere else. Between Trump’s long and checkered business past, his habit of serial lying, his voluminous and contradictory tweets, and his revision of even his own biography, there was lots to work with. No one can say that Trump was elected without the press telling us all about his checkered past.
  • politics was NEVER more choose-your-own-adventure than in 2016, when entire news ecosystems for partisans existed wholly outside the reach of those who at least aim for truth
  • Pew found that nearly 50 percent of self-described conservatives now rely on a single news source, Fox, for political information they trust.
  • As for the liberals, they trust only that they should never watch Fox, and have MSNBC and Media Matters and the remnants of the big boys to confirm their biases.
  • And then there are the conspiracy-peddling Breitbarts and the overtly fake-news outlets of this overwhelming new world; untethered from even the pretense of fact-based reporting, their version of the campaign got more traffic on Facebook in the race’s final weeks than all the traditional news outlets combined.
  • When we assigned a team of reporters at Politico during the primary season to listen to every single word of Trump’s speeches, we found that he offered a lie, half-truth, or outright exaggeration approximately once every five minutes—for an entire week. And it didn’t hinder him in the least from winning the Republican presidential nomination.
  • when we repeated the exercise this fall, in the midst of the general election campaign, Trump had progressed to fibs of various magnitudes just about once every three minutes!
  • By the time Trump in September issued his half-hearted disavowal of the Obama “birther” whopper he had done so much to create and perpetuate, one national survey found that only 1 in 4 Republicans was sure that Obama was born in the U.S., and various polls found that somewhere between a quarter and a half of Republicans believed he’s Muslim. So not only did Trump think he was entitled to his own facts, so did his supporters. It didn’t stop them at all from voting for him.
  • in part, it’s not just because they disagree with the facts as reporters have presented them but because there’s so damn many reporters, and from such a wide array of outlets, that it’s often impossible to evaluate their standards and practices, biases and preconceptions. Even we journalists are increasingly overwhelmed.
  • 2016 suggests a different outcome: We’ve achieved a lot more transparency in today’s Washington—without the accountability that was supposed to come with it.
  • So much terrific reporting and writing and digging over the years and … Trump? What happened to consequences? Reporting that matters? Sunlight, they used to tell us, was the best disinfectant for what ails our politics.
fischerry

Investigation underway into contacts between Flynn, Russian ambassador - CBS News - 0 views

  • Investigation underway into contacts between Flynn and Russian ambassador
bodycot

Paul Ryan backs down -- it's Donald Trump's party now | MSNBC - 0 views

  • Sources close to the speaker rejected the idea there was a “negotiation” or “concessions” in exchange
  • for support, and instead characterized the endorsement as the product of an “ongoing process” in which the two men are becoming more comfortable with each other’s agenda and personality.
  • Overall, though the pattern is clear: Ryan came to Trump, rather than the other way around. 
  • ...2 more annotations...
  • A similar dance is playing out in the Senate, where Majority Leader Mitch McConnell has taken to conservative media in recent days to reassure conservatives that even if Trump bucked their policy goals, the Republican legislature would rein him in.
  • It’s a low bar to clear, but McConnell told CBS last week that in a worst-case scenario, “the Constitution” would restrict Trump.
Javier E

Wrath of the Conned - The New York Times - 0 views

  • basically it comes down to fundamental differences between the parties and how they serve their supporters.
  • while the Democratic establishment more or less tries to make good on those promises, the Republican establishment has essentially been playing bait-and-switch for decades. And voters finally rebelled against the con
  • Things are very different among Republicans. Their party has historically won elections by appealing to racial enmity and cultural anxiety, but its actual policy agenda is dedicated to serving the interests of the 1 percent, above all through tax cuts for the rich — which even Republican voters don’t support, while they truly loathe elite ideas like privatizing Social Security and Medicare.
  • ...4 more annotations...
  • What Donald Trump has been doing is telling the base that it can order à la carte. He has, in effect, been telling aggrieved white men that they can feed their anger without being forced to swallow supply-side economics, too
  • If there’s a puzzle here, it’s why this didn’t happen sooner. One possible explanation is the decadence of the G.O.P. establishment, which has become ingrown and lost touch. A
  • Probably more important, however, is the collision between demography and Obama derangement. The elite knows that the party must broaden its appeal as the electorate grows more diverse — in fact, that was the conclusion of the G.O.P.’s 2013 post-mortem. But the base, its hostility amped up to 11 after seven years of an African-American president (who the establishment has done its best to demonize) is having none of it.
  • The Republican establishment has been routed because it has been playing a con game on its supporters all along, and they’ve finally had enough.
Javier E

This group believes Islam threatens America: 'It's a spiritual battle of good and evil.... - 0 views

  • “They should be hauled out of Congress and taken to Guantánamo!” a military veteran said of the few dozen elected officials — including Hillary Clinton and the only two Muslim members of Congress — identified in the film as having connections to terrorists. “Can’t we get a law passed so we can go in and get these people the hell out of our government?”
  • White and the filmmaker, Trevor Loudon, assured the group that there is “a new sheriff in town.”
  • Trump’s election has presented a “God-given opportunity,” Loudon said. “The fate of the Western world” now depends on how they use it.
  • ...6 more annotations...
  • “We have four years — the most important four years of our lives — to redouble the efforts,” he said. “If we blow it, our kids live in slavery. If we succeed, we can have a new golden age, not just in America, but all over the world.”
  • White urged the group to start by calling, writing and visiting their lawmakers. He said he needed volunteers to “begin to do some deep research” into a list of about 400 addresses that he had compiled of mosques and Muslim-affiliated “entities” to begin to “connect the dots.”
  • At the next meeting, he added, a visiting speaker would talk to them about “how to push back against building mosques in your communities.”
  • White, a devout Christian, believes that sharia, the guiding laws and principles of Islam, are the embodiment of that evil; that the Muslim Brotherhood, a Sunni Islamic movement that is a force in Middle Eastern politics, is working to spread sharia throughout America; and that CAIR, the Islamic Society of North America, the majority of American mosques, and a host of other Muslim leaders and organizations are outgrowths of the Brotherhood on U.S. soil. The Trump administration has been considering adding the Brotherhood to its list of designated foreign terrorist organizations; ACT considers that a top priority.
  • White hopes that Trump’s travel ban will prevail and that other Muslim countries, including Saudi Arabia and Egypt, will be added. He wants mosques and American Muslim groups to denounce sharia or be disbanded, and he wants the government to bar people who associate with those groups from public office.
  • The night before White visited the Capitol in Austin, a gunman who expressed support for nationalist and right-wing causes killed six people and wounded 19 others in an attack on a Quebec City mosque. The day before, a fire destroyed a mosque that had previously been burglarized and vandalized in Victoria, Tex. Earlier this month, a federal judge in Florida handed a 30-year sentence to a man who set a small-town mosque on fire because he saw the teachings of Islam as a threat.
Javier E

In No One We Trust - NYTimes.com - 0 views

  • that doesn’t mean we should stop striving for a bit more trust in our society and our economy. Trust is what makes contracts, plans and everyday transactions possible; it facilitates the democratic process, from voting to law creation, and is necessary for social stability. It is essential for our lives. It is trust, more than money, that makes the world go round.
  • , as more and more people lose faith in a system that seems inexorably stacked against them, and the 1 percent ascend to ever more distant heights, this vital element of our institutions and our way of life is eroding.
  • But events — and economic research — over the past 30 years have shown not only that we cannot rely on self-interest, but also that no economy, not even a modern, market-based economy like America’s, can function well without a modicum of trust — and that unmitigated selfishness inevitably diminishes trust.
  • ...16 more annotations...
  • Adam Smith argued forcefully that we would do better to trust in the pursuit of self-interest than in the good intentions of those who pursue the general interest. If everyone looked out for just himself, we would reach an equilibrium that was not just comfortable but also productive, in which the economy was fully efficient. To the morally uninspired, it’s an appealing idea: selfishness as the ultimate form of selflessness. (Elsewhere, in particular in his “Theory of Moral Sentiments,” Smith took a much more balanced view, though most of his latter-day adherents have not followed suit.)
  • This cascade of trust destruction was unrelenting. One of the reasons that the bubble’s bursting in 2007 led to such an enormous crisis was that no bank could trust another. Each bank knew the shenanigans it had been engaged in — the movement of liabilities off its balance sheets, the predatory and reckless lending — and so knew that it could not trust any other bank
  • Things didn’t turn out well for our economy or our society. As millions lost their homes during and after the crisis, median wealth declined nearly 40 percent in three years. Banks would have done badly, too, were it not for the Bush-Obama mega-bailouts.
  • bankers used their political influence to eviscerate regulations and install regulators who didn’t believe in them. Officials and academics assured lawmakers and the public that banks could self-regulate. But it all turned out to be a scam. We had created a system of rewards that encouraged shortsighted behavior and excessive risk-taking. In fact, we had entered an era in which moral values were given short shrift and trust itself was discounted.
  • THE banking industry is only one example of what amounts to a broad agenda, promoted by some politicians and theoreticians on the right, to undermine the role of trust in our economy. This movement promotes policies based on the view that trust should never be relied on as motivation, for any kind of behavior, in any context. Incentives, in this scheme, are all that matter.
  • So C.E.O.’s must be given stock options to induce them to work hard. I find this puzzling: If a firm pays someone $10 million to run a company, he should give his all to ensure its success. He shouldn’t do so only if he is promised a big chunk of any increase in the company’s stock market value
  • Of course, incentives are an important component of human behavior. But the incentive movement has made them into a sort of religion, blind to all the other factors — social ties, moral impulses, compassion — that influence our conduct.
  • Similarly, teachers must be given incentive pay to induce them to exert themselves. But teachers already work hard for low wages because they are dedicated to improving the lives of their students. Do we really believe that giving them $50 more, or even $500 more, as incentive pay will induce them to work harder? What we should do is increase teacher salaries generally because we recognize the value of their contributions and trust in their professionalism. According to the advocates of an incentive-based culture, though, this would be akin to giving something for nothing.
  • This is not just a coldhearted vision of human nature. It is also implausible. It is simply impossible to pay for trust every time it is required. Without trust, life would be absurdly expensive; good information would be nearly unobtainable; fraud would be even more rampant than it is; and transaction and litigation costs would soar.
  • When 1 percent of the population takes home more than 22 percent of the country’s income — and 95 percent of the increase in income in the post-crisis recovery — some pretty basic things are at stake. Reasonable people, even those ignorant of the maze of unfair policies that created this reality, can look at this absurd distribution and be pretty certain that the game is rigged.
  • Trust between individuals is usually reciprocal. But if I think that you are cheating me, it is more likely that I will retaliate, and try to cheat you. (These notions have been well developed in a branch of economics called the “theory of repeated games.”) When Americans see a tax system that taxes the wealthiest at a fraction of what they pay, they feel that they are fools to play along.
  • a deeper rot takes hold: Attitudes and norms begin to change. When no one is trustworthy, it will be only fools who trust. The concept of fairness itself is eroded. A study published last year by the National Academy of Sciences suggests that the upper classes are more likely to engage in what has traditionally been considered unethical behavior. Perhaps this is the only way for some to reconcile their worldview with their outlandish financial success, often achieved through actions that reveal a kind of moral deprivation.
  • As always, it is the poor and the unconnected who suffer most from this, and who are the most repeatedly deceived. Nowhere was this more evident than in the foreclosure crisis.
  • The banks figured out how to get court affidavits signed by the thousands (in what came to be called robo-signing), certifying that they had examined their records and that these particular individuals owed money — and so should be booted out of their homes. The banks were lying on a grand scale, but they knew that if they didn’t get caught, they would walk off with huge profits, their officials’ pockets stuffed with bonuses. And if they did get caught, their shareholders would be left paying the tab
  • But perhaps even more than opportunity, Americans cherish equality before the law. Here, inequality has infected the heart of our ideals.
  • I suspect there is only one way to really get trust back. We need to pass strong regulations, embodying norms of good behavior, and appoint bold regulators to enforce them.
Javier E

From the Expat Blog, Decoding the Air Quality Index in Beijing - WSJ - 0 views

  • I learned that the Air Quality Index, which is used all over the world, goes from 1 to 500, with 1 being Vermont and 500 being Hades.
  • Here’s how Deb characterized the AQI rankings, in layman’s terms:Advertisement 1 to 50: “Good,” according to the AQI. On such days in Beijing, you look at the sky with an appreciation you’ve never had before. Life is good. 51 to 100: “Moderate.” The sky still looks OK, but stepping outside makes your eyes water. Something is a little off.
  • 101 to 150: “Unhealthy for sensitive groups.” There’s a faint smell in the air. You find yourself sneezing more than usual. There’s gunk in your nose. You get ticked off easily. 151 to 200: “Unhealthy.” You step outside and find a metallic taste in your mouth. Buildings 50 feet away appear in a haze. You clear your throat a lot, as if you’ve been laughing. You’re not laughing.
  • ...6 more annotations...
  • 201 to 250: “Very Unhealthy.” Throat-clearing brings up a lot of phlegm. The sun looks dim through the haze, like a 30-watt bulb. This must be the way sun looks from Mars, you figure. 251 to 500: “Hazardous.” You can taste the air the moment you wake up, even though you are inside your apartment and the windows are closed. Your cat’s fur smells funny. Outside, the world seems muffled, and the tickle in your throat extends down into your lungs and rests there like a tiny gremlin. You plan a trip to Tokyo or any city outside China.
  • Above 500: Yes, it actually goes beyond the scale. In Beijing, these are called “crazy bad” days
  • In the U.S., on the worst day in the worst city—usually somewhere in California—the AQI is typically about 125.
  • Expats and increasingly Chinese often wouldn’t let their small children outside if the AQI was more than 150. Schools called off games at around 200. I wouldn’t jog above 165, and Deb thought I was crazy for running at that level. When you breathe more deeply, the tiniest particles,─the ones that can do the most damage,─can lodge more deeply in your lungs.
  • On a day when the AQI reached 746, as it did in January 2013, I couldn’t decide whether the sky over Beijing looked more like it was filled with the smoke from an encroaching forest fire or like the residue of a giant cigarette butt.
  • Some people left Beijing, which tied for 21st out of 199 Chinese cities for bad air, for Shanghai, which was tied for 121st in the bad-air rankings
Javier E

The Families Funding the 2016 Presidential Election - The New York Times - 0 views

  • They are overwhelmingly white, rich, older and male, in a nation that is being remade by the young, by women, and by black and brown voters. Across a sprawling country, they reside in an archipelago of wealth, exclusive neighborhoods dotting a handful of cities and towns. And in an economy that has minted billionaires in a dizzying array of industries, most made their fortunes in just two: finance and energy.
  • Now they are deploying their vast wealth in the political arena, providing almost half of all the seed money raised to support Democratic and Republican presidential candidates. Just 158 families, along with companies they own or control, contributed $176 million in the first phase of the campaign
  • Not since before Watergate have so few people and businesses provided so much early money in a campaign, most of it through channels legalized by the Supreme Court’s Citizens United decision five years ago.
  • ...13 more annotations...
  • But regardless of industry, the families investing the most in presidential politics overwhelmingly lean right, contributing tens of millions of dollars to support Republican candidates who have pledged to pare regulations; cut taxes on income, capital gains and inheritances; and shrink entitlement programs.
  • In marshaling their financial resources chiefly behind Republican candidates, the donors are also serving as a kind of financial check on demographic forces that have been nudging the electorate toward support for the Democratic Party and its economic policies. Two-thirds of Americans support higher taxes on those earning $1 million or more a year, according to a June New York Times/CBS News poll, while six in 10 favor more government intervention to reduce the gap between the rich and the poor. According to the Pew Research Center, nearly seven in 10 favor preserving Social Security and Medicare benefits as they are.
  • The donor families’ wealth reflects, in part, the vast growth of the financial-services sector and the boom in oil and gas, which have helped transform the American economy in recent decades. They are also the beneficiaries of political and economic forces that are driving widening inequality: As the share of national wealth and income going to the middle class has shrunk, these families are among those whose share has grown.
  • Most of the families are clustered around just nine cities. Many are neighbors, living near one another in neighborhoods like Bel Air and Brentwood in Los Angeles; River Oaks, a Houston community popular with energy executives; or Indian Creek Village, a private island near Miami that has a private security force and just 35 homes lining an 18-hole golf course.
  • More than 50 members of these families have made the Forbes 400 list of the country’s top billionaires, marking a scale of wealth against which even a million-dollar political contribution can seem relatively small. The Chicago hedge fund billionaire Kenneth C. Griffin, for example, earns about $68.5 million a month after taxes, according to court filings made by his wife in their divorce. He has given a total of $300,000 to groups backing Republican presidential candidates. That is a huge sum on its face, yet is the equivalent of only $21.17 for a typical American household, according to Congressional Budget Office data on after-tax income.
  • “The campaign finance system is now a countervailing force to the way the actual voters of the country are evolving and the policies they want,” said Ruy Teixeira, a political and demographic expert at the left-leaning Center for American Progress.
  • The accumulation of wealth has been particularly rapid at the elite levels of Wall Street, where financiers who once managed other people’s capital now, increasingly, own it themselves. Since 1979, according to one study, the one-tenth of 1 percent of American taxpayers who work in finance have roughly quintupled their share of the country’s income. Sixty-four of the families made their wealth in finance, the largest single faction among the super-donors of 2016.
  • instead of working their way up to the executive suite at Goldman Sachs or Exxon, most of these donors set out on their own, establishing privately held firms controlled individually or with partners. In finance, they started hedge funds, or formed private equity and venture capital firms, benefiting from favorable tax treatment of debt and capital gains, and more recently from a rising stock market and low interest rates
  • In energy, some were latter-day wildcatters, early to capitalize on the new drilling technologies and high energy prices that made it economical to exploit shale formations in North Dakota, Ohio, Pennsylvania and Texas. Others made fortunes supplying those wildcatters with pipelines, trucks and equipment for “fracking.”
  • The families who give do so, to some extent, because of personal, regional and professional ties to the candidates. Jeb Bush’s father made money in the oil business, while Mr. Bush himself earned millions of dollars on Wall Street. Some of the candidates most popular among ultrawealthy donors have also served in elected office in Florida and Texas, two states that are home to many of the affluent families on the list.
  • the giving, more broadly, reflects the political stakes this year for the families and businesses that have moved most aggressively to take advantage of Citizens United, particularly in the energy and finance industries.
  • The Obama administration, Democrats in Congress and even Mr. Bush have argued for tax and regulatory shifts that could subject many venture capital and private equity firms to higher levels of corporate or investment taxation. Hedge funds, which historically were lightly regulated, are bound by new rules with the Dodd-Frank regulations, which several Republican candidates have pledged to roll back and which Mrs. Clinton has pledged to defend.
  • And while the shale boom has generated new fortunes, it has also produced a glut of oil that is now driving down prices. Most in the industry favor lifting the 40-year-old ban on exporting oi
Javier E

Why NPR Matters (Long) - James Fallows - National - The Atlantic - 0 views

  • Fox is unmatched at what it does, which is to apply a unified political-cultural world view to the unfolding events of the day. To appreciate its impact, you just have to think about how much more effective it is than the various liberal counterparts
  • Jon Stewart and Stephen Colbert are technically as effective as Fox, but they are nowhere near as reliably pro-Democratic as Fox is pro-Republican. And they're only on for one hour total a day, weekdays only, rather than 24/7 for Fox
  • "News" in the normal sense is a means for Fox's personalities, not an end in itself. It provides occasions for the ongoing development of its political narrative -- the war on American values, the out-of-touchness of Democrats -- much as current events give preachers material for sermons.
  • ...4 more annotations...
  • NPR, whatever its failings, is one of the few current inheritors of the tradition of the ambitious, first-rate news organization. When people talk about the "decline of the press," in practice they mean that fewer and fewer newspapers, news magazine, and broadcast networks can afford to try to gather information. The LA Times, the Washington Post, CBS News -- they once had people stationed all around the world. Now they work mainly from headquarters
  • Who is left? The New York Times, for one. The Wall Street Journal, with a different emphasis; increasingly Bloomberg, also with a specialized outlook. The BBC. CNN, now under pressure. Maybe one or two others -- which definitely include NPR
  • Fox and the Republicans would like to suggest that the main way NPR differs from Fox is that most NPR employees vote Democratic. That is a difference, but the real difference is what they are trying to do. NPR shows are built around gathering and analyzing the news, rather than using it as a springboard for opinions. And while of course the selection of stories and analysts is subjective and can show a bias, in a serious news organization the bias is something to be worked against rather than embraced
  • there is a category of jobs where, as absolutely everyone recognizes, it makes a tremendous difference that "employees" care about something beyond pay, hours, and security. Teachers. Soldiers. Doctors and nurses. Judges and police. Political leaders, if they want to be more than hacks. And, people in news organizations.
Javier E

Raise, Don't Save, Social Security - NYTimes.com - 0 views

  • A recent Harris poll found that 34 percent of Americans have nothing saved for retirement — not even a hundred bucks. In this lost decade, that percentage is sure to go up. At retirement the lucky few with a 401(k) typically have $98,000. As an annuity that’s about $600 a month — not exactly an upper-middle-class lifestyle.
  • The most paralyzing half-truth in this country is that people hate taxes. People are willing to pay taxes that they spend on themselves. Two-thirds of those surveyed in a CBS/New York Times poll in January were willing to pay more taxes to save Social Security at its modest level.
  • To “save” it, most of us don’t need to pay. We could lift the cap on high earners, the 6 percent of workers who make over $106,800 a year. If earnings above the cap were subject to the payroll tax with no increase in benefits to high earners, there would be no deficit in the Social Security trust fund in 2037, as projected.
  • ...3 more annotations...
  • Retirees today are shortchanged on Social Security because they have been shortchanged on wages for their entire working lives. The labor economist Richard B. Freeman points out that the hourly earnings of workers dropped by 8 percent from 1973 to 2005 while productivity shot up 55 percent or more. The United States is one of the few developed countries where workers are routinely cheated of a share in higher productivity.
  • to close the deficit and raise benefits to nearly half of average worker earnings, we would need to find an additional 5 percent of taxable payroll, or find the money elsewhere. If we lift the cap on the payroll tax without paying more benefits to those above it, that gets us 2.32 percent (or a bit less if we slightly increase benefits to the rich). Dedicating revenues from the estate tax at its 2009 levels to Social Security gets another half percent. A few other tweaks, like covering new public employees, add another 0.42 percent. The remainder can be found by raising the payroll tax by roughly 1 percentage point for both employees and employers.
  • And where has the money from the extra productivity gone? It’s gone right to the top, to the top few percent. If wages had been paid fairly based on productivity, there would have been enough money subject to the payroll tax to avoid even a modest shortfall.
Javier E

Simon & Schuster to Sell Online Courses Taught by Popular Authors - NYTimes.com - 0 views

  • book sales have flagged. Simon & Schuster’s sales fell 11 percent in the third fiscal quarter of last year. Sales of digital content, which accounted for 28 percent of the company’s sales, were flat.
  • Simon & Schuster also recently announced plans to feature some of its authors on podcasts on Play.it, a new podcast network from CBS, the publisher’s parent company.
  • Simon & Schuster plans to release 12 to 15 more courses this year, and is focusing on writers who have established, dedicated fan bases and a well-defined philosophy or message to deliver. Eventually, the online courses, which are planned as stand-alone products rather than supplements to books, could include videos by entertainers and experts who have not yet published books.
  • ...1 more annotation...
  • Authors will be able to set their own prices. Dr. Agus, whose course is titled “A Short Guide to A Long Life,” decided to make his classes cost the same as a typical co-pay for a doctor’s office visit: $25.
qkirkpatrick

​Duke reverses plan to allow Islamic call to prayer from campus chapel - CBS ... - 0 views

  • A "credible and serious security threat" was a primary reason that Duke University officials on Thursday abandoned plans to allow Islamic students to start broadcasting a weekly call to prayer from the Duke Chapel tower, a university spokesman said.
  • Members of the Duke Muslim Students Association were supposed to start the three-minute weekly call or chant, known as adhan or azan, on Friday afternoon.
  • "Duke remains committed to fostering an inclusive, tolerant and welcoming campus for all of its students,"
  • ...1 more annotation...
  • More than 700 of Duke's 15,000 undergraduate and graduate students identify themselves as Muslims.
  •  
    Duke University changes plans to have call to prayer from campus chapel tower
qkirkpatrick

Ukrainian soldiers ill-prepared for psychological toll of war - The Washington Post - 0 views

  • In a military training class north of Kiev late last month, volunteer ­instructor Viktor Mosgovoi led 30 would-be officers through hours of jumps, breathing exercises and group massages — Ukraine’s first mandatory psychological training for recruits
  • Most of them followed along with blank looks or smirks on their faces. A few erupted into giggles. “Sing a song about what you see,” Mosgovoi suggested as a way to beat the battlefield blues. “And don’t drink.”
  • In nearly a quarter-century of independence, Ukraine’s military has seen so little combat that the country’s defense minister estimated the nation had only 6,000 battle-ready troops a year ago. Over the past 10 months, the Ukrainian army has drafted almost 70,000 soldiers in a war against pro-Russian separatists in the eastern part of the country.
  • ...5 more annotations...
  • And most of the fighting has been carried out by recruits and volunteers with no prior combat experience.
  • “We lack the military specialists. We lack experience in this field.”
  • But with no post-Soviet combat experience, and a military structure that officials say was intentionally wizened under years of pro-Russian leadership, very few people had any practical experience with war trauma.
  • We practically do not have military psychology in this country,”
  • Before the war, few Ukrainian men had ever heard of post-traumatic stress disorder, psychological shock or mental trauma — or would openly discuss such afflictions.
  •  
    Ukrainian soldiers do not know how to deal with war. Most of them have never been in fighting, and many of them are volunteers or were drafted recently
« First ‹ Previous 41 - 60 of 196 Next › Last »
Showing 20 items per page