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delgadool

Capitol Riot Costs Will Exceed $30 Million, Official Tells Congress - The New York Times - 0 views

  • the costs of the Jan. 6 attack will exceed $30 million, as his office works to provide mental health services, increase security and repair historical statues and other art damaged in the riot.
  • Farar Elliott, the House curator, requested $25,000 for emergency repair and conservation of objects in the House collection
  • Outside the physical damage, the officials detailed a substantial increase in demand for mental health counseling, with an office that typically handles about 3,000 calls per year surging to more than 1,150 interactions with employees, managers and members of Congress in six weeks.
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  • the inauguration platform they had been diligently assembling was wrecked: sound systems and photo equipment irreparably damaged or stolen, two lanterns designed and built by the eminent landscape architect Frederick Law Olmsted in the late 19th century ripped from the ground, and blue paint tracked all over the stone balustrades and into the hallways.
  • “At this rate, counseling and consultation services in 2021 would increase by 65 percent over 2020 and by 200 percent as compared to more typical recent years,”
  • Since the siege, congressional aides have reported trouble sleeping and feeling anxious, claustrophobic, angry and depressed. Lawmakers have requested additional resources to support the mental health needs of employees in response to surging demand.
katherineharron

Trump's transition sabotage threatens Covid-19 vaccine rollout - CNNPolitics - 0 views

  • President Donald Trump's refusal to coordinate with President-elect Joe Biden on the critical Covid-19 vaccine is bringing a staggering possibility into clearer view: that an outgoing US commander in chief is actively working to sabotage his successor.
  • Trump's denial of his election defeat, his lies about nonexistent mass coordinated voter fraud and his strangling of the rituals of transferring power between administrations are not just democracy-damaging aberrations.
  • they threaten to cause practical fallout that could damage Biden's incoming White House not just in a political sense.
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  • Trump's obstruction will slow and complicate the delivery of the vaccine that brings the tantalizing prospect of a return to normal life amid stunning news from trials showing doses are effective in stopping more than 90% of coronavirus infections.
  • Attacks by the President and aides on governors stepping into his leadership vacuum as the pandemic rips across all 50 states mean the situation Biden will inherit will be worse than it needed to be.
  • The inoculation campaign will require a high level of public trust and will involve sharp ethical debates among officials about who should get the vaccine first.
  • The entire program could be damaged if it is politicized.
  • The distribution operation will be a massively complex and historic public vaccination effort targeting hundreds of millions of Americans
  • The victims of this neglect will be thousands of Americans whom health experts expect to die or get sick in the absence of a coordinated national response to the winter spike in infections and workers caught up in new restrictions imposed on business by local leaders trying to get the virus under control -- as well as the millions of schoolchildren who are already falling behind while classrooms remain shuttered
  • "More people may die if we don't coordinate," Biden warned bluntly
  • Biden does have a sense of urgency and new proposals, and he is calling for a coordinated national effort to mitigate the harrowing impact of the nationwide spike in infections.
  • CNN reported on Monday that Trump has no intention of abandoning his false attacks on the election to initiate an orderly transition process or to accept that Biden is the rightful next president.
  • Two weeks after the election, it remains surreal and extraordinary that the President is refusing to accept Biden's victory, which matched the 306 Electoral College votes that he himself stacked up in 2016.
  • consistently prioritized his own goals and gratification over a traditional view of the national interest.
  • Military commanders expect orders in the coming days from the commander in chief to begin significant drawdowns in Iraq and Afghanistan to be completed by January 15, CNN's Barbara Starr reported on Monday. If there are consequences from such a move -- like a collapse of the Afghan government under a Taliban resurgence -- it will be up to Biden to deal with the fallout.
  • There are also expectations that the President will take steps in foreign policy, including stiffened tariffs on China or strengthened sanctions on Iran, that will further trim the next White House's negotiating room.
  • The New York Times reported Monday that the President sought options to strike Iran after his "maximum pressure" policy failed to rein in its nuclear program.
  • Such action would make it almost impossible for Biden to revive the Obama administration's agreement with Tehran and international powers.
  • In recent years, presidents of both parties have prioritized a peaceful and effective transfer of power over personal political pique, recognizing their duty to secure the health, security and welfare of the American people.
  • Warm letters of welcome left in the Oval Office desk -- for instance, from President George H.W. Bush to Bill Clinton -- have become the norm.
  • The 44th President then ordered his team to make life as easy as possible for Trump's incoming White House -- a fact Michelle Obama recalled in a tartly worded Instagram post Monday: "I was hurt and disappointed -- but the votes had been counted and Donald Trump had won. ... My husband and I instructed our staffs to do what George and Laura Bush had done for us: run a respectful, seamless transition of power -- one of the hallmarks of American democracy."
  • Ironically, Trump's mood, characterized by wild tweets divorced from any factual anchor, is detracting from his administration's own undeniable achievement in shepherding the swift development of vaccines.
  • Moderna vaccine currently in trials is 94.5% effective against the coronavirus. This followed news that Pfizer's vaccine was more than 90% effective. The news brought the prospect of a return to normal life and economic activity in 2021.
  • One of Trump's few recent references to the worsening pandemic was a tweet on Monday in which he demanded that historians recognize his role in the vaccine breakthroughs.
  • Biden initially reacted with circumspection to the move, apparently eager not to further antagonize Trump as the President comes to terms with his dashed hopes of winning a second term. But increasingly, the President-elect is warning of the damage caused by the impasse and is highlighting the vaccine in particular.
  • "The sooner we have access to the administration's distribution plan, the sooner this transition would be smoothly moved forward,"
  • "Transitions are important, and if you don't have a smooth transition, you would not optimize whatever efforts you're doing right now," Fauci told CNN's Jim Sciutto on "Newsroom" Tuesday morning, comparing the task to a "relay race in which you're passing the baton and you don't want to slow down what you're doing, but you want the person to whom you're giving the baton to be running with it as opposed to stopping and starting all over again."
  • obstruction from the administration on the vaccine could have a serious impact on its eventual distribution.
  • "The Vice President clearly articulated a strategy for distributing the vaccines across the country," Brown said. "But the conversation was extremely disingenuous when we have a new administration coming in in a matter of weeks. There was no conversation about what the hand-off was going to be and how they were going to ensure that the Biden-Harris administration would be fully prepared and ready to accept the baton."
lilyrashkind

Pacific tsunami threat recedes, volcano ash hinders response - ABC News - 0 views

  • WELLINGTON, New Zealand -- The tsunami threat around the Pacific from a huge undersea volcanic eruption receded Sunday, but the massive ash cloud covering the tiny island nation of Tonga prevented surveillance flights from New Zealand to assess the extent of damage.
  • In Tonga it sent tsunami waves crashing across the shore and people rushing to higher ground.
  • The eruption cut the internet to Tonga, leaving friends and family members around the world anxiously trying to get in touch to figure out if there were any injuries. Even government websites and other official sources remained without updates on Sunday afternoon.
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  • islands.“Communication with Tonga remains very limited. And I know that is causing a huge amount of anxiety for the Tongan community here,” Ardern said.
  • water a vital need.Aid agencies said thick ash and smoke had prompted authorities to ask people to wear masks and drink bottled water.
  • Tsunami advisories were earlier issued for Japan, Hawaii, Alaska and the U.S. Pacific coast. The U.S. Geological Survey estimated the eruption caused the equivalent of a magnitude 5.8 earthquake. Scientists said tsunamis generated by volcanoes rather than earthquakes are relatively rare.
  • “It’s really bad. They told us to stay indoors and cover our doors and windows because it’s dangerous,” she said. “I felt sorry for the people. Everyone just froze when the explosion happened. We rushed home.” Outside the house, people were seen carrying umbrellas for protection.
  • One complicating factor to any international aid effort is that Tonga has so far managed to avoid any outbreaks of COVID-19. Ardern said New Zealand's military staff were all fully vaccinated and willing to follow any protocols established by Tonga.
  • In a video posted on Facebook, Nightingale Filihia was sheltering at her family's home from a rain of volcanic ash and tiny pieces of rock that turned the sky pitch black.
  • The tsunami waves caused damage to boats as far away as New Zealand and Santa Cruz, California, but did not appear to cause any widespread damage. Snider said he anticipated the tsunami situation in the U.S. and elsewhere to continue improving.
  • “We are praying that the damage is just to infrastructure and people were able to get to higher land,” she said.U.S. Secretary of State Antony Blinken wrote on Twitter he is “deeply concerned for the people of Tonga as they recover from the aftermath of a volcanic eruption and tsunami. The United States stands prepared to provide support to our Pacific neighbors.”
  • On Tonga, which is home to about 105,000 people, video posted to social media showed large waves washing ashore in coastal areas and swirling around homes, a church and other buildings. A Twitter user identified as Dr. Faka’iloatonga Taumoefolau posted video showing waves crashing ashore
  • The explosion of the Hunga Tonga Hunga Ha’apai volcano, about 64 kilometers (40 miles) north of Nuku’alofa, was the latest in a series of dramatic eruptions. In late 2014 and early 2015, eruptions created a small new island and disrupted international air travel to the Pacific archipelago for several days.
  • “The surface area of the island appears to have expanded by nearly 45% due to ashfall,” Planet Labs said days before the latest activity.
  • Savannah Peterson watched in shock as the water rose several feet in a matter of minutes in front of her oceanfront house in Pacifica, California, just south of San Francisco.
  • In northern Peru's Lambayeque region, two women drowned after being swept away by ″abnormal waves″ following the eruption, authorities said. A dozen restaurants and a coastal street were also flooded along El Chaco beach in Paracas district.
Javier E

The Bankrupt Colonialist - Comment is Freed - 0 views

  • Up to now the main question has been about whether sanctions and the pressure on the Russian economy will force Putin to abandon his aggression. There is, however, also a post-war issue, which is the cost of reconstruction. Estimates of the impact of the war on Ukraine are already well over $100 billion
  • Understandably Kyiv wants compensation. This is raised in the kommersant story. According to Podolyak:  “compensatory mechanisms should be clearly spelled out: at the expense of what and from what budget all this will be restored.
  • Yet reparations of this sort - a more than reasonable request - would not only amount to an admission of guilt for the damage caused (Russia ludicrously claims only military targets have been hit) but will be beyond the capacity of the Russian economy, in its enfeebled state, to support.  
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  • Looking forward the most worrying issue for the Kremlin is the isolation of the country’s economy. Since the start of the war the Russian stock market has closed, interest rates have doubled, inflation has shot up, and the value of the rouble has plummeted. One recent estimate suggests that Russia faces a drop of from 7 to 15% in GDP in 2022. It risks defaulting on it’s debts.
  • it is hard to see how Russia is going to have much spare capacity to compensate Ukraine for the damage it has inflicted upon it, even in the unlikely event it was prepared to offer to do so as part of an agreement.  
  • Second, given what has happened over the past few weeks to the population of these territories, those remaining will be more hostile to Russia and will likely resist an imposed government.
  • At the very least Moscow will want the provinces of Donetsk and Luhansk in their entirety, and not just the previous separatist enclaves, to be annexed or given some independent status. This was, after all, the demand with which Russia entered the war.  
  • It is, however, by no means straightforward even from a Russian perspective.  
  • First, if Ukraine has not otherwise been defeated and so “demilitarised” then this will be a frontier that will require defending for the indefinite future.
  • There is a further issue here even if there is no agreement. The cities and towns that have suffered the worst as a result of Putin’s war are those that were once claimed to be pro-Russian and so required “liberation” from Ukrainian “genocide”.
  • So the cost of occupying even this limited part of the country will be considerable and that is before even thinking about the expense required to render those horribly damaged towns and cities at all habitable, with effective infrastructure and accommodation.
  • Their economies were in decline before 2014 and that process has since accelerated. They are now poorer than other parts of Ukraine and prone to criminality.
  • The capital Grozny was rebuilt but the economy functioned thereafter at barely a fraction of pre-war levels. Despite efforts to make the economy more productive, in 2017 it was estimated that Chechnya required 80% of the government budget to be subsidised.
  • The other implication is that while economic sanctions have not yet given the West much leverage over Putin’s war strategy they do offer it leverage over his peace strategy.
  • Attempts to turn the situation around have not been helped by Chechnya’s rampant corruption. So this relatively small territory is already costing Moscow close to $3 billion a year. Crimea, annexed in 2014, may be costing a similar amount.  
  • Or take Syria. Here Russian air power was also used in a  brutal way, this time against rebel populations and in support of the Assad regime. That campaign succeeded in keeping Assad in power but Russia lacks the resources to reconstruct Syria
  • “Now moving into its eleventh year, the conflict in Syria has inflicted an almost unimaginable degree of devastation and loss on the Syrian people and their economy. Over 350,000 verifiable deaths have been directly attributed to the conflict so far, but the number of unaccounted lethal and non-lethal casualties is almost certainly far higher
  • More than half the country’s pre-conflict population (of almost 21 million) has been displaced—one of the largest displacements of people since World War II—and, partly as a result, by 2019, economic activity in Syria had shrunk by more than 50% compared to what it had been in 2010.”   
  • Syria was a far cheaper war for Russia to wage, probably in the low billions of dollars, in fuel, ordnance, and personnel cost. Far less has gone into economic assistance and much of that has been returned to Russia as arms sales and gas and infrastructure contracts
  • The strains on the Russian war effort are already evident, from the army’s hesitation about trying to fight their way into cities and the recruitment of mercenaries, to the reported appeal to China for help with supplies of military equipment and Putin’s fury with his intelligence agencies for misleading assessments and wasting roubles on Ukrainian agents who turned out to be useless
  • He is now having to choose between a range of poor outcomes, which the US suggests may include escalation to chemical use (which would be both militarily pointless and test further Western determination not to get directly involved).
  • War is rarely a good investment. Putin has acted for reasons of political and not economic opportunism. The prospects for any territory “liberated” by Russia is bleak. They will not prosper and will remain cut off from the international economy. To the extent that people stay they will have to be subsidised for all their needs while there will be little economic activity.  
  • Because of the destruction the short-term prospects will be bleak even if these territories are fully returned to Ukraine. But over the longer-term they will be much better off because of the amount of economic assistance Ukraine will receive and its integration into the international economy.
  • as Germany and Japan showed after 1945 even shattered economies can be rebuilt to even greater levels of efficiency with sufficient resilience and resources. That is another reason why Western financial assistance and investment will be especially vital - Ukraine’s full recovery will serve as a testament to Putin’s failure.
  •  it is worth keeping this analysis in mind when considering prospective peace deals. The Russians may have underestimated the costs of conquest from the start but their approach to war has raised those costs considerably, especially in those parts of Ukraine close to Russia.
  • Third, these territories will be economically wrecked and with no prospect of recovery so long as they are separated from Ukraine. 
  • The question of the future of sanctions and how they might be unwound is not one to be discussed separately from any peace talks. They are a vital part of the negotiations. As there can be no Western-led peace talks without Ukraine, it should be made clear to Moscow that for now this is a card for Zelensky to play.
  • The future of the Russian economy can then be in his hands. Should a moment come to start to ease sanctions, some leverage will be required to ensure that any agreement is being honoured. There could be a link  to reparations for the terrible damage caused.
  • As his original war plans failed Putin has insisted his forces follow a disruptive and cruel strategy that has put his original aims even more out of reach and Ukraine with a say over the future of the Russian economy.
Javier E

Opinion | When 'Freedom' Means the Right to Destroy - The New York Times - 0 views

  • startling, although not actually surprising, has been the embrace of economic vandalism and intimidation by much of the U.S. right — especially by people who ranted against demonstrations in favor of racial justice. What we’re getting here is an object lesson in what some people really mean when they talk about “law and order.”
  • The “Freedom Convoy” has been marketed as a backlash by truckers angry about Covid-19 vaccination mandates
  • In reality, there don’t seem to have been many truckers among the protesters at the bridge (about 90 percent of Canadian truckers are vaccinated)
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  • a Bloomberg reporter saw only three semis among the vehicles blocking the Ambassador Bridge, which were mainly pickup trucks and private cars; photos taken Saturday also show very few commercial trucks.
  • this isn’t a grass-roots trucker uprising. It’s more like a slow-motion Jan. 6, a disruption caused by a relatively small number of activists, many of them right-wing extremists
  • At their peak, the demonstrations in Ottawa reportedly involved only around 8,000 people, while numbers at other locations have been much smaller.
  • it’s not hard to come up with numbers like $300 million or more per day; combine that with the disruption of Ottawa, and the “trucker” protests may already have inflicted a couple of billion dollars in economic damage
  • it’s roughly comparable to insurance industry estimates of total losses associated with the Black Lives Matter protests that followed the killing of George Floyd — protests that seem to have involved more than 15 million people.
  • In fact, the demonstrations were remarkably nonviolent; vandalism happened in a few cases, but it was relatively rare, and the damage was small considering the huge size of the protests.
  • By contrast, causing economic damage was and is what the Canadian protests are all about — because blocking essential flows of goods, threatening people’s livelihoods, is every bit as destructive as smashing a store window.
  • And to what end? The B.L.M. demonstrations were a reaction to police killings of innocent people; what’s going on in Canada is, on its face, about rejecting public health measures intended to save lives.
  • even that is mainly an excuse: What it’s really about is an attempt to exploit pandemic weariness to boost the usual culture-war agenda.
  • the U.S. right is loving it. People who portrayed peaceful protests against police killings as an existential threat are delighted by the spectacle of right-wing activists breaking the law and destroying wealth
  • Recent events have confirmed what many suspected: The right is perfectly fine, indeed enthusiastic, about illegal actions and disorder as long as they serve right-wing ends.
Javier E

'The machine did it coldly': Israel used AI to identify 37,000 Hamas targets | Israel-G... - 0 views

  • All six said that Lavender had played a central role in the war, processing masses of data to rapidly identify potential “junior” operatives to target. Four of the sources said that, at one stage early in the war, Lavender listed as many as 37,000 Palestinian men who had been linked by the AI system to Hamas or PIJ.
  • The health ministry in the Hamas-run territory says 32,000 Palestinians have been killed in the conflict in the past six months. UN data shows that in the first month of the war alone, 1,340 families suffered multiple losses, with 312 families losing more than 10 members.
  • Several of the sources described how, for certain categories of targets, the IDF applied pre-authorised allowances for the estimated number of civilians who could be killed before a strike was authorised.
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  • Two sources said that during the early weeks of the war they were permitted to kill 15 or 20 civilians during airstrikes on low-ranking militants. Attacks on such targets were typically carried out using unguided munitions known as “dumb bombs”, the sources said, destroying entire homes and killing all their occupants.
  • “You don’t want to waste expensive bombs on unimportant people – it’s very expensive for the country and there’s a shortage [of those bombs],” one intelligence officer said. Another said the principal question they were faced with was whether the “collateral damage” to civilians allowed for an attack.
  • “Because we usually carried out the attacks with dumb bombs, and that meant literally dropping the whole house on its occupants. But even if an attack is averted, you don’t care – you immediately move on to the next target. Because of the system, the targets never end. You have another 36,000 waiting.”
  • ccording to conflict experts, if Israel has been using dumb bombs to flatten the homes of thousands of Palestinians who were linked, with the assistance of AI, to militant groups in Gaza, that could help explain the shockingly high death toll in the war.
  • Details about the specific kinds of data used to train Lavender’s algorithm, or how the programme reached its conclusions, are not included in the accounts published by +972 or Local Call. However, the sources said that during the first few weeks of the war, Unit 8200 refined Lavender’s algorithm and tweaked its search parameters.
  • Responding to the publication of the testimonies in +972 and Local Call, the IDF said in a statement that its operations were carried out in accordance with the rules of proportionality under international law. It said dumb bombs are “standard weaponry” that are used by IDF pilots in a manner that ensures “a high level of precision”.
  • “The IDF does not use an artificial intelligence system that identifies terrorist operatives or tries to predict whether a person is a terrorist,” it added. “Information systems are merely tools for analysts in the target identification process.”
  • In earlier military operations conducted by the IDF, producing human targets was often a more labour-intensive process. Multiple sources who described target development in previous wars to the Guardian, said the decision to “incriminate” an individual, or identify them as a legitimate target, would be discussed and then signed off by a legal adviser.
  • n the weeks and months after 7 October, this model for approving strikes on human targets was dramatically accelerated, according to the sources. As the IDF’s bombardment of Gaza intensified, they said, commanders demanded a continuous pipeline of targets.
  • “We were constantly being pressured: ‘Bring us more targets.’ They really shouted at us,” said one intelligence officer. “We were told: now we have to fuck up Hamas, no matter what the cost. Whatever you can, you bomb.”
  • Lavender was developed by the Israel Defense Forces’ elite intelligence division, Unit 8200, which is comparable to the US’s National Security Agency or GCHQ in the UK.
  • After randomly sampling and cross-checking its predictions, the unit concluded Lavender had achieved a 90% accuracy rate, the sources said, leading the IDF to approve its sweeping use as a target recommendation tool.
  • Lavender created a database of tens of thousands of individuals who were marked as predominantly low-ranking members of Hamas’s military wing, they added. This was used alongside another AI-based decision support system, called the Gospel, which recommended buildings and structures as targets rather than individuals.
  • The accounts include first-hand testimony of how intelligence officers worked with Lavender and how the reach of its dragnet could be adjusted. “At its peak, the system managed to generate 37,000 people as potential human targets,” one of the sources said. “But the numbers changed all the time, because it depends on where you set the bar of what a Hamas operative is.”
  • broadly, and then the machine started bringing us all kinds of civil defence personnel, police officers, on whom it would be a shame to waste bombs. They help the Hamas government, but they don’t really endanger soldiers.”
  • Before the war, US and Israeli estimated membership of Hamas’s military wing at approximately 25-30,000 people.
  • there was a decision to treat Palestinian men linked to Hamas’s military wing as potential targets, regardless of their rank or importance.
  • According to +972 and Local Call, the IDF judged it permissible to kill more than 100 civilians in attacks on a top-ranking Hamas officials. “We had a calculation for how many [civilians could be killed] for the brigade commander, how many [civilians] for a battalion commander, and so on,” one source said.
  • Another source, who justified the use of Lavender to help identify low-ranking targets, said that “when it comes to a junior militant, you don’t want to invest manpower and time in it”. They said that in wartime there was insufficient time to carefully “incriminate every target”
  • So you’re willing to take the margin of error of using artificial intelligence, risking collateral damage and civilians dying, and risking attacking by mistake, and to live with it,” they added.
  • When it came to targeting low-ranking Hamas and PIJ suspects, they said, the preference was to attack when they were believed to be at home. “We were not interested in killing [Hamas] operatives only when they were in a military building or engaged in a military activity,” one said. “It’s much easier to bomb a family’s home. The system is built to look for them in these situations.”
  • Such a strategy risked higher numbers of civilian casualties, and the sources said the IDF imposed pre-authorised limits on the number of civilians it deemed acceptable to kill in a strike aimed at a single Hamas militant. The ratio was said to have changed over time, and varied according to the seniority of the target.
  • The IDF’s targeting processes in the most intensive phase of the bombardment were also relaxed, they said. “There was a completely permissive policy regarding the casualties of [bombing] operations,” one source said. “A policy so permissive that in my opinion it had an element of revenge.”
  • “There were regulations, but they were just very lenient,” another added. “We’ve killed people with collateral damage in the high double digits, if not low triple digits. These are things that haven’t happened before.” There appears to have been significant fluctuations in the figure that military commanders would tolerate at different stages of the war
  • One source said that the limit on permitted civilian casualties “went up and down” over time, and at one point was as low as five. During the first week of the conflict, the source said, permission was given to kill 15 non-combatants to take out junior militants in Gaza
  • at one stage earlier in the war they were authorised to kill up to “20 uninvolved civilians” for a single operative, regardless of their rank, military importance, or age.
  • “It’s not just that you can kill any person who is a Hamas soldier, which is clearly permitted and legitimate in terms of international law,” they said. “But they directly tell you: ‘You are allowed to kill them along with many civilians.’ … In practice, the proportionality criterion did not exist.”
  • Experts in international humanitarian law who spoke to the Guardian expressed alarm at accounts of the IDF accepting and pre-authorising collateral damage ratios as high as 20 civilians, particularly for lower-ranking militants. They said militaries must assess proportionality for each individual strike.
  • An international law expert at the US state department said they had “never remotely heard of a one to 15 ratio being deemed acceptable, especially for lower-level combatants. There’s a lot of leeway, but that strikes me as extreme”.
  • Sarah Harrison, a former lawyer at the US Department of Defense, now an analyst at Crisis Group, said: “While there may be certain occasions where 15 collateral civilian deaths could be proportionate, there are other times where it definitely wouldn’t be. You can’t just set a tolerable number for a category of targets and say that it’ll be lawfully proportionate in each case.”
  • Whatever the legal or moral justification for Israel’s bombing strategy, some of its intelligence officers appear now to be questioning the approach set by their commanders. “No one thought about what to do afterward, when the war is over, or how it will be possible to live in Gaza,” one said.
  • Another said that after the 7 October attacks by Hamas, the atmosphere in the IDF was “painful and vindictive”. “There was a dissonance: on the one hand, people here were frustrated that we were not attacking enough. On the other hand, you see at the end of the day that another thousand Gazans have died, most of them civilians.”
Javier E

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

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

How 'Concept Creep' Made Americans So Sensitive to Harm - The Atlantic - 0 views

  • How did American culture arrive at these moments? A new research paper by Nick Haslam, a professor of psychology at the University of Melbourne, Australia, offers as useful a framework for understanding what’s going on as any I’ve seen. In “Concept Creep: Psychology's Expanding Concepts of Harm and Pathology,”
  • concepts like abuse, bullying, trauma, mental disorder, addiction, and prejudice, “now encompass a much broader range of phenomena than before,”expanded meanings that reflect “an ever-increasing sensitivity to harm.”
  • “they also have potentially damaging ramifications for society and psychology that cannot be ignored.”
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  • He calls these expansions of meaning “concept creep.”
  • critics may hold concept creep responsible for damaging cultural trends, he writes, “such as supposed cultures of fear, therapy, and victimhood, the shifts I present have some positive implications.”
  • How did a working-class mom get arrested, lose her fast food job, and temporarily lose custody of her 9-year-old for letting the child play alone at a nearby park?
  • The concept of abuse expanded too far.
  • Classically, psychological investigations recognized two forms of child abuse, physical and sexual, Haslam writes. In more recent decades, however, the concept of abuse has witnessed “horizontal creep” as new forms of abuse were recognized or studied. For example, “emotional abuse” was added as a new subtype of abuse. Neglect, traditionally a separate category, came to be seen as a type of abuse, too.
  • Meanwhile, the concept of abuse underwent “vertical creep.” That is, the behavior seen as qualifying for a given kind of abuse became steadily less extreme. Some now regard any spanking as physical abuse. Within psychology, “the boundary of neglect is indistinct,” Haslam writes. “As a consequence, the concept of neglect can become over-inclusive, identifying behavior as negligent that is substantially milder or more subtle than other forms of abuse. This is not to deny that some forms of neglect are profoundly damaging, merely to argue that the concept’s boundaries are sufficiently vague and elastic to encompass forms that are not severe.”
  • Concept creep is inevitable and vital if society is to make good use of new information. But why has the direction of concept creep, across so many different concepts, trended toward greater sensitivity to harm as opposed to lesser sensitivity?
  • Haslam endorses two theories
  • Before 9/11, the notion of torturing prisoners was verboten. After the Bush Administration’s torture was made public, popular debate focused on mythical “ticking time bomb” scenarios, in which a whole city would be obliterated but for torture. Now Donald Trump suggests that torture should be used more generally against terrorists. Torture is, as well, an instance in which people within the field of psychology pushed concept creep in the direction of less sensitivity to harm,
  • The other theory posits an ideological explanation. “Psychology has played a role in the liberal agenda of sensitivity to harm and responsiveness to the harmed,” he writes “and its increased focus on negative phenomena—harms such as abuse, addiction, bullying, mental disorder, prejudice, and trauma—has been symptomatic of the success of that social agenda.”
  • Jonathan Haidt, who believes it has gone too far, offers a fourth theory. “If an increasingly left-leaning academy is staffed by people who are increasingly hostile to conservatives, then we can expect that their concepts will shift, via motivated scholarship, in ways that will help them and their allies (e.g., university administrators) to prosecute and condemn conservatives,
  • there are many reasons to be concerned about excessive sensitivity to harm:
  • While Haslam and Haidt appear to have meaningfully different beliefs about why concept creep arose within academic psychology and spread throughout society, they were in sufficient agreement about its dangers to co-author a Guardian op-ed on the subject.
  • It focuses on how greater sensitivity to harm has affected college campuses.
  • “Of course young people need to be protected from some kinds of harm, but overprotection is harmful, too, for it causes fragility and hinders the development of resilience,” they wrote. “As Nasim Taleb pointed out in his book Antifragile, muscles need resistance to develop, bones need stress and shock to strengthen and the growing immune system needs to be exposed to pathogens in order to function. Similarly, he noted, children are by nature anti-fragile – they get stronger when they learn to recover from setbacks, failures and challenges to their cherished ideas.”
  • police officers fearing harm from dogs kill them by the hundreds or perhaps thousands every year in what the DOJ calls an epidemic.
  • After the terrorist attacks of September 11, 2001, the Bush Administration and many Americans grew increasingly sensitive to harms, real and imagined, from terrorism
  • Dick Cheney declared, “If there's a 1% chance that Pakistani scientists are helping al-Qaeda build or develop a nuclear weapon, we have to treat it as a certainty in terms of our response. It's not about our analysis ... It's about our response.” The invasion of Iraq was predicated, in part, on the idea that 9/11 “changed everything,”
  • One concerns the field of psychology and its incentives. “It could be argued that just as successful species increase their territory, invading and adapting to new habitats, successful concepts and disciplines also expand their range into new semantic niches,” he theorizes. “Concepts that successfully attract the attention of researchers and practitioners are more likely to be applied in new ways and new contexts than those that do not.”
  • Concept creep can be necessary or needless. It can align concepts more or less closely with underlying realities. It can change society for better or worse. Yet many who push for more sensitivy to harm seem unaware of how oversensitivty can do harm.
Javier E

How Donald Trump Could Build an Autocracy in the U.S. - The Atlantic - 0 views

  • Everything imagined above—and everything described below—is possible only if many people other than Donald Trump agree to permit it. It can all be stopped, if individual citizens and public officials make the right choices. The story told here, like that told by Charles Dickens’s Ghost of Christmas Yet to Come, is a story not of things that will be, but of things that may be. Other paths remain open. It is up to Americans to decide which one the country will follow.
  • What is spreading today is repressive kleptocracy, led by rulers motivated by greed rather than by the deranged idealism of Hitler or Stalin or Mao. Such rulers rely less on terror and more on rule-twisting, the manipulation of information, and the co-optation of elites.
  • the American system is also perforated by vulnerabilities no less dangerous for being so familiar. Supreme among those vulnerabilities is reliance on the personal qualities of the man or woman who wields the awesome powers of the presidency.
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  • The president of the United States, on the other hand, is restrained first and foremost by his own ethics and public spirit. What happens if somebody comes to the high office lacking those qualities?
  • Donald Trump, however, represents something much more radical. A president who plausibly owes his office at least in part to a clandestine intervention by a hostile foreign intelligence service? Who uses the bully pulpit to target individual critics? Who creates blind trusts that are not blind, invites his children to commingle private and public business, and somehow gets the unhappy members of his own political party either to endorse his choices or shrug them off? If this were happening in Honduras, we’d know what to call it. It’s happening here instead, and so we are baffled.
  • As politics has become polarized, Congress has increasingly become a check only on presidents of the opposite party. Recent presidents enjoying a same-party majority in Congress—Barack Obama in 2009 and 2010, George W. Bush from 2003 through 2006—usually got their way.
  • Trump has scant interest in congressional Republicans’ ideas, does not share their ideology, and cares little for their fate. He can—and would—break faith with them in an instant to further his own interests. Yet here they are, on the verge of achieving everything they have hoped to achieve for years, if not decades. They owe this chance solely to Trump’s ability to deliver a crucial margin of votes in a handful of states—Wisconsin, Michigan, and Pennsylvania—which has provided a party that cannot win the national popular vote a fleeting opportunity to act as a decisive national majority.
  • What excites Trump is his approval rating, his wealth, his power. The day could come when those ends would be better served by jettisoning the institutional Republican Party in favor of an ad hoc populist coalition, joining nationalism to generous social spending—a mix that’s worked well for authoritarians in places like Poland.
  • A scandal involving the president could likewise wreck everything that Republican congressional leaders have waited years to accomplish. However deftly they manage everything else, they cannot prevent such a scandal. But there is one thing they can do: their utmost not to find out about it.
  • Ryan has learned his prudence the hard way. Following the airing of Trump’s past comments, caught on tape, about his forceful sexual advances on women, Ryan said he’d no longer campaign for Trump. Ryan’s net favorability rating among Republicans dropped by 28 points in less than 10 days. Once unassailable in the party, he suddenly found himself disliked by 45 percent of Republicans.
  • Ambition will counteract ambition only until ambition discovers that conformity serves its goals better. At that time, Congress, the body expected to check presidential power, may become the president’s most potent enabler.
  • Discipline within the congressional ranks will be strictly enforced not only by the party leadership and party donors, but also by the overwhelming influence of Fox News.
  • Fox learned its lesson: Trump sells; critical coverage does not. Since the election, the network has awarded Kelly’s former 9 p.m. time slot to Tucker Carlson, who is positioning himself as a Trump enthusiast in the Hannity mold.
  • Gingrich said: The president “has, frankly, the power of the pardon. It is a totally open power, and he could simply say, ‘Look, I want them to be my advisers. I pardon them if anybody finds them to have behaved against the rules. Period.’ And technically, under the Constitution, he has that level of authority.”
  • In 2009, in the run-up to the Tea Party insurgency, South Carolina’s Bob Inglis crossed Fox, criticizing Glenn Beck and telling people at a town-hall meeting that they should turn his show off. He was drowned out by booing, and the following year, he lost his primary with only 29 percent of the vote, a crushing repudiation for an incumbent untouched by any scandal.
  • Fox is reinforced by a carrier fleet of supplementary institutions: super pacs, think tanks, and conservative web and social-media presences, which now include such former pariahs as Breitbart and Alex Jones. So long as the carrier fleet coheres—and unless public opinion turns sharply against the president—oversight of Trump by the Republican congressional majority will very likely be cautious, conditional, and limited.
  • His immediate priority seems likely to be to use the presidency to enrich himself. But as he does so, he will need to protect himself from legal risk. Being Trump, he will also inevitably wish to inflict payback on his critics. Construction of an apparatus of impunity and revenge will begin haphazardly and opportunistically. But it will accelerate. It will have to.
  • By filling the media space with bizarre inventions and brazen denials, purveyors of fake news hope to mobilize potential supporters with righteous wrath—and to demoralize potential opponents by nurturing the idea that everybody lies and nothing matters
  • The United States may be a nation of laws, but the proper functioning of the law depends upon the competence and integrity of those charged with executing it. A president determined to thwart the law in order to protect himself and those in his circle has many means to do so.
  • The powers of appointment and removal are another. The president appoints and can remove the commissioner of the IRS. He appoints and can remove the inspectors general who oversee the internal workings of the Cabinet departments and major agencies. He appoints and can remove the 93 U.S. attorneys, who have the power to initiate and to end federal prosecutions. He appoints and can remove the attorney general, the deputy attorney general, and the head of the criminal division at the Department of Justice.
  • Republicans in Congress have long advocated reforms to expedite the firing of underperforming civil servants. In the abstract, there’s much to recommend this idea. If reform is dramatic and happens in the next two years, however, the balance of power between the political and the professional elements of the federal government will shift, decisively, at precisely the moment when the political elements are most aggressive. The intelligence agencies in particular would likely find themselves exposed to retribution from a president enraged at them for reporting on Russia’s aid to his election campaign.
  • The McDonnells had been convicted on a combined 20 counts.
  • The Supreme Court objected, however, that the lower courts had interpreted federal anticorruption law too broadly. The relevant statute applied only to “official acts.” The Court defined such acts very strictly, and held that “setting up a meeting, talking to another official, or organizing an event—without more—does not fit that definition of an ‘official act.’ ”
  • Trump is poised to mingle business and government with an audacity and on a scale more reminiscent of a leader in a post-Soviet republic than anything ever before seen in the United States.
  • Trump will try hard during his presidency to create an atmosphere of personal munificence, in which graft does not matter, because rules and institutions do not matter. He will want to associate economic benefit with personal favor. He will create personal constituencies, and implicate other people in his corruption.
  • You would never know from Trump’s words that the average number of felonious killings of police during the Obama administration’s tenure was almost one-third lower than it was in the early 1990s, a decline that tracked with the general fall in violent crime that has so blessed American society. There had been a rise in killings of police in 2014 and 2015 from the all-time low in 2013—but only back to the 2012 level. Not every year will be the best on record.
  • A mistaken belief that crime is spiraling out of control—that terrorists roam at large in America and that police are regularly gunned down—represents a considerable political asset for Donald Trump. Seventy-eight percent of Trump voters believed that crime had worsened during the Obama years.
  • From the point of view of the typical Republican member of Congress, Fox remains all-powerful: the single most important source of visibility and affirmation with the voters whom a Republican politician cares about
  • Civil unrest will not be a problem for the Trump presidency. It will be a resource. Trump will likely want not to repress it, but to publicize it—and the conservative entertainment-outrage complex will eagerly assist him
  • Immigration protesters marching with Mexican flags; Black Lives Matter demonstrators bearing antipolice slogans—these are the images of the opposition that Trump will wish his supporters to see. The more offensively the protesters behave, the more pleased Trump will be.
  • If there is harsh law enforcement by the Trump administration, it will benefit the president not to the extent that it quashes unrest, but to the extent that it enflames more of it, ratifying the apocalyptic vision that haunted his speech at the convention.
  • In the early days of the Trump transition, Nic Dawes, a journalist who has worked in South Africa, delivered an ominous warning to the American media about what to expect. “Get used to being stigmatized as ‘opposition,’ ” he wrote. “The basic idea is simple: to delegitimize accountability journalism by framing it as partisan.”
  • Mostly, however, modern strongmen seek merely to discredit journalism as an institution, by denying that such a thing as independent judgment can exist. All reporting serves an agenda. There is no truth, only competing attempts to grab power.
  • In true police states, surveillance and repression sustain the power of the authorities. But that’s not how power is gained and sustained in backsliding democracies. Polarization, not persecution, enables the modern illiberal regime.
  • A would-be kleptocrat is actually better served by spreading cynicism than by deceiving followers with false beliefs: Believers can be disillusioned; people who expect to hear only lies can hardly complain when a lie is exposed.
  • The inculcation of cynicism breaks down the distinction between those forms of media that try their imperfect best to report the truth, and those that purvey falsehoods for reasons of profit or ideology. The New York Times becomes the equivalent of Russia’s RT; The Washington Post of Breitbart; NPR of Infowars.
  • Trump had not a smidgen of evidence beyond his own bruised feelings and internet flotsam from flagrantly unreliable sources. Yet once the president-elect lent his prestige to the crazy claim, it became fact for many people. A survey by YouGov found that by December 1, 43 percent of Republicans accepted the claim that millions of people had voted illegally in 2016.
  • A clear untruth had suddenly become a contested possibility. When CNN’s Jeff Zeleny correctly reported on November 28 that Trump’s tweet was baseless, Fox’s Sean Hannity accused Zeleny of media bias—and then proceeded to urge the incoming Trump administration to take a new tack with the White House press corps, and to punish reporters like Zeleny.
  • the whipping-up of potentially violent Twitter mobs against media critics is already a standard method of Trump’s governance.
  • I’ve talked with well-funded Trump supporters who speak of recruiting a troll army explicitly modeled on those used by Turkey’s Recep Tayyip Erdoğan and Russia’s Putin to take control of the social-media space, intimidating some critics and overwhelming others through a blizzard of doubt-casting and misinformation.
  • he and his team are serving notice that a new era in government-media relations is coming, an era in which all criticism is by definition oppositional—and all critics are to be treated as enemies.
  • “Lying is the message,” she wrote. “It’s not just that both Putin and Trump lie, it is that they lie in the same way and for the same purpose: blatantly, to assert power over truth itself.”
  • lurid mass movements of the 20th century—communist, fascist, and other—have bequeathed to our imaginations an outdated image of what 21st-century authoritarianism might look like.
  • In a society where few people walk to work, why mobilize young men in matching shirts to command the streets? If you’re seeking to domineer and bully, you want your storm troopers to go online, where the more important traffic is. Demagogues need no longer stand erect for hours orating into a radio microphone. Tweet lies from a smartphone instead.
  • “Populist-fueled democratic backsliding is difficult to counter,” wrote the political scientists Andrea Kendall-Taylor and Erica Frantz late last year. “Because it is subtle and incremental, there is no single moment that triggers widespread resistance or creates a focal point around which an opposition can coalesce … Piecemeal democratic erosion, therefore, typically provokes only fragmented resistance.”
  • If people retreat into private life, if critics grow quieter, if cynicism becomes endemic, the corruption will slowly become more brazen, the intimidation of opponents stronger. Laws intended to ensure accountability or prevent graft or protect civil liberties will be weakened.
  • If the president uses his office to grab billions for himself and his family, his supporters will feel empowered to take millions. If he successfully exerts power to punish enemies, his successors will emulate his methods.
  • If citizens learn that success in business or in public service depends on the favor of the president and his ruling clique, then it’s not only American politics that will change. The economy will be corrupted too, and with it the larger cultur
  • A culture that has accepted that graft is the norm, that rules don’t matter as much as relationships with those in power, and that people can be punished for speech and acts that remain theoretically legal—such a culture is not easily reoriented back to constitutionalism, freedom, and public integrity.
  • The oft-debated question “Is Donald Trump a fascist?” is not easy to answer. There are certainly fascistic elements to him: the subdivision of society into categories of friend and foe; the boastful virility and the delight in violence; the vision of life as a struggle for dominance that only some can win, and that others must lose.
  • He is so pathetically needy, so shamelessly self-interested, so fitful and distracted. Fascism fetishizes hardihood, sacrifice, and struggle—concepts not often associated with Trump.
  • Perhaps the better question about Trump is not “What is he?” but “What will he do to us?”
  • By all early indications, the Trump presidency will corrode public integrity and the rule of law—and also do untold damage to American global leadership, the Western alliance, and democratic norms around the world
  • The damage has already begun, and it will not be soon or easily undone. Yet exactly how much damage is allowed to be done is an open question—the most important near-term question in American politics. It is also an intensely personal one, for its answer will be determined by the answer to another question: What will you do?
Javier E

Why the Rich Are So Much Richer by James Surowiecki | The New York Review of Books - 0 views

  • Historically, inequality was not something that academic economists, at least in the dominant neoclassical tradition, worried much about. Economics was about production and allocation, and the efficient use of scarce resources. It was about increasing the size of the pie, not figuring out how it should be divided.
  • “Of the tendencies that are harmful to sound economics, the most seductive, and…the most poisonous, is to focus on questions of distribution.”
  • Stiglitz argues, what we’re stuck with isn’t really capitalism at all, but rather an “ersatz” version of the system.
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  • Stiglitz has made the case that the rise in inequality in the US, far from being the natural outcome of market forces, has been profoundly shaped by “our policies and our politics,” with disastrous effects on society and the economy as a whole. In a recent report for the Roosevelt Institute called Rewriting the Rules, Stiglitz has laid out a detailed list of reforms that he argues will make it possible to create “an economy that works for everyone.”
  • his entire career in academia has been devoted to showing how markets cannot always be counted on to produce ideal results. In a series of enormously important papers, for which he would eventually win the Nobel Prize, Stiglitz showed how imperfections and asymmetries of information regularly lead markets to results that do not maximize welfare.
  • He also argued that this meant, at least in theory, that well-placed government interventions could help correct these market failures
  • in books like Globalization and Its Discontents (2002) he offered up a stinging critique of the way the US has tried to manage globalization, a critique that made him a cult hero in much of the developing world
  • Stiglitz has been one of the fiercest critics of the way the Eurozone has handled the Greek debt crisis, arguing that the so-called troika’s ideological commitment to austerity and its opposition to serious debt relief have deepened Greece’s economic woes and raised the prospect that that country could face “depression without end.”
  • For Stiglitz, the fight over Greece’s future isn’t just about the right policy. It’s also about “ideology and power.
  • there’s a good case to be made that the sheer amount of rent-seeking in the US economy has expanded over the years. The number of patents is vastly greater than it once was. Copyright terms have gotten longer. Occupational licensing rules (which protect professionals from competition) are far more common. Tepid antitrust enforcement has led to reduced competition in many industries
  • The Great Divide is somewhat fragmented and repetitive, but it has a clear thesis, namely that inequality in the US is not an unfortunate by-product of a well-functioning economy. Instead, the enormous riches at the top of the income ladder are largely the result of the ability of the one percent to manipulate markets and the political process to their own benefit.
  • Inequality obviously has no single definition. As Stiglitz writes:There are so many different parts to America’s inequality: the extremes of income and wealth at the top, the hollowing out of the middle, the increase of poverty at the bottom. Each has its own causes, and needs its own remedies.
  • his preoccupation here is primarily with why the rich today are so much richer than they used to be.
  • the main reason people at the top are so much richer these days than they once were (and so much richer than everyone else) is not that they own so much more capital: it’s that they get paid much more for their work than they once did, while everyone else gets paid about the same, or less
  • while incomes at the top have risen in countries around the world, nowhere have they risen faster than in the US.
  • One oft-heard justification of this phenomenon is that the rich get paid so much more because they are creating so much more value than they once did
  • as companies have gotten bigger, the potential value that CEOs can add has increased as well, driving their pay higher.
  • Stiglitz will have none of this. He sees the boom in the incomes of the one percent as largely the result of what economists call “rent-seeking.”
  • from the perspective of the economy as a whole, rent-seeking is a waste of time and energy. As Stiglitz puts it, the economy suffers when “more efforts go into ‘rent seeking’—getting a larger slice of the country’s economic pie—than into enlarging the size of the pie.”
  • The work of Piketty and his colleague Emmanuel Saez has been instrumental in documenting the rise of income inequality, not just in the US but around the world. Major economic institutions, like the IMF and the OECD, have published studies arguing that inequality, far from enhancing economic growth, actually damages it. And it’s now easy to find discussions of the subject in academic journals.
  • . After all, while pretax inequality is a problem in its own right, what’s most destructive is soaring posttax inequality. And it’s posttax inequality that most distinguishes the US from other developed countries
  • All this rent-seeking, Stiglitz argues, leaves certain industries, like finance and pharmaceuticals, and certain companies within those industries, with an outsized share of the rewards
  • within those companies, the rewards tend to be concentrated as well, thanks to what Stiglitz calls “abuses of corporate governance that lead CEOs to take a disproportionate share of corporate profits” (another form of rent-seeking)
  • This isn’t just bad in some abstract sense, Stiglitz suggests. It also hurts society and the economy
  • It alienates people from the system. And it makes the rich, who are obviously politically influential, less likely to support government investment in public goods (like education and infrastructure) because those goods have little impact on their lives.
  • More interestingly (and more contentiously), Stiglitz argues that inequality does serious damage to economic growth: the more unequal a country becomes, the slower it’s likely to grow. He argues that inequality hurts demand, because rich people consume less of their incomes. It leads to excessive debt, because people feel the need to borrow to make up for their stagnant incomes and keep up with the Joneses. And it promotes financial instability, as central banks try to make up for stagnant incomes by inflating bubbles, which eventually burst
  • exactly why inequality is bad for growth turns out to be hard to pin down—different studies often point to different culprits. And when you look at cross-country comparisons, it turns out to be difficult to prove that there’s a direct connection between inequality and the particular negative factors that Stiglitz cites
  • This doesn’t mean that, as conservative economists once insisted, inequality is good for economic growth. In fact, it’s clear that US-style inequality does not help economies grow faster, and that moving toward more equality will not do any damage
  • Similarly, Stiglitz’s relentless focus on rent-seeking as an explanation of just why the rich have gotten so much richer makes a messy, complicated problem simpler than it is
  • When we talk about the one percent, we’re talking about two groups of people above all: corporate executives and what are called “financial professionals” (these include people who work for banks and the like, but also money managers, financial advisers, and so on)
  • The emblematic figures here are corporate CEOs, whose pay rose 876 percent between 1978 and 2012, and hedge fund managers, some of whom now routinely earn billions of dollars a year
  • Shareholders, meanwhile, had fewer rights and were less active. Since then, we’ve seen a host of reforms that have given shareholders more power and made boards more diverse and independent. If CEO compensation were primarily the result of bad corporate governance, these changes should have had at least some effect. They haven’t. In fact, CEO pay has continued to rise at a brisk rate
  • So what’s really going on? Something much simpler: asset managers are just managing much more money than they used to, because there’s much more capital in the markets than there once was
  • that means that an asset manager today can get paid far better than an asset manager was twenty years ago, even without doing a better job.
  • there’s no convincing evidence that CEOs are any better, in relative terms, than they once were, and plenty of evidence that they are paid more than they need to be, in view of their performance. Similarly, asset managers haven’t gotten better at beating the market.
  • More important, probably, has been the rise of ideological assumptions about the indispensability of CEOs, and changes in social norms that made it seem like executives should take whatever they could get.
  • It actually has important consequences for thinking about how we can best deal with inequality. Strategies for reducing inequality can be generally put into two categories: those that try to improve the pretax distribution of income (this is sometimes called, clunkily, predistribution) and those that use taxes and transfers to change the post-tax distribution of income
  • he has high hopes that better rules, designed to curb rent-seeking, will have a meaningful impact on the pretax distribution of income. Among other things, he wants much tighter regulation of the financial sector
  • t it would be surprising if these rules did all that much to shrink the income of much of the one percent, precisely because improvements in corporate governance and asset managers’ transparency are likely to have a limited effect on CEO salaries and money managers’ compensation.
  • Most importantly, the financial industry is now a much bigger part of the US economy than it was in the 1970s, and for Stiglitz, finance profits are, in large part, the result of what he calls “predatory rent-seeking activities,” including the exploitation of uninformed borrowers and investors, the gaming of regulatory schemes, and the taking of risks for which financial institutions don’t bear the full cost (because the government will bail them out if things go wrong).
  • The redistributive policies Stiglitz advocates look pretty much like what you’d expect. On the tax front, he wants to raise taxes on the highest earners and on capital gains, institute a carbon tax and a financial transactions tax, and cut corporate subsidies
  • It’s also about investing. As he puts it, “If we spent more on education, health, and infrastructure, we would strengthen our economy, now and in the future.” So he wants more investment in schools, infrastructure, and basic research.
  • The core insight of Stiglitz’s research has been that, left on their own, markets are not perfect, and that smart policy can nudge them in better directions.
  • Of course, the political challenge in doing any of this (let alone all of it) is immense, in part because inequality makes it harder to fix inequality. And even for progressives, the very familiarity of the tax-and-transfer agenda may make it seem less appealing.
  • the policies that Stiglitz is calling for are, in their essence, not much different from the policies that shaped the US in the postwar era: high marginal tax rates on the rich and meaningful investment in public infrastructure, education, and technology. Yet there’s a reason people have never stopped pushing for those policies: they worked
Javier E

Studying Impact of 'Superstorm' on California - NYTimes.com - 0 views

  • California faces the risk not just of devastating earthquakes but also of a catastrophic storm that could tear at the coasts, inundate the Central Valley and cause four to five times as much economic damage as a large quake, scientists and emergency planners warn.
  • such a storm could cause up to $300 billion in damage. The scientists’ models estimate that almost one-fourth of the houses in California could experience some flood damage from one.
  • 150 years ago, over a few weeks in the winter of 1861-62, enough rain fell to inundate a stretch of the Central Valley 300 miles long and 20 miles wide, from north of Sacramento south to Bakersfield, near the eastern desert. The storms lasted 45 days, creating lakes in parts of the Mojave Desert and, according to a survey account, “turning the Sacramento Valley into an inland sea, forcing the state capital to be moved from Sacramento to San Francisco for a time, and requiring Gov. Leland Stanford to take a rowboat to his inauguration.”
Javier E

The More Americans Who Read the Torture Report, the Better - The Atlantic - 0 views

  • One way to put its findings is: Whatever you thought was out of control and abusive about the all-fronts approach to the "global war on terror," it was worse than that. Another way is: Whatever damage you thought the United States was doing to its own values, its standing in the world, and its system of checks and accountability, it was doing more.
  • The architects of America's self-destructive over-response to a shocking and unprecedented attack will always bear the responsibility for the path they set the country on. Bush, Cheney, Rumsfeld, Wolfowitz, Feith, Rice, Tenet, Bremer, Franks, and others including, yes, Powell will always be the ones who launched America into a war it should not have fought and who embraced tactics that, in the long run, have damaged America more profoundly than the original, profoundly damaging assault did.
  • the 2004 election was more consequential for the United States internationally. By the margin of fewer than 120,000 votes in Ohio, the world's oldest democracy decided to return to power the leaders who had started the Iraq War, the results of which were already in ashes, and had run Abu Ghraib.*
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  • Democracy depends on accountability, and accountability depends on knowledge. The Torture Committee report is potentially an enormous step forward.
Javier E

Austerity's Grim Legacy - The New York Times - 0 views

  • There are a few obvious lessons from this debacle. “All the important people say so” is not, it turns out, a good way to decide on policy; groupthink is no substitute for clear analysis. Also, calling for sacrifice (by other people, of course) doesn’t mean you’re tough-minded.
  • What this suggests is that the turn to austerity had truly catastrophic effects, going far beyond the jobs and income lost in the first few years. In fact, the long-run damage suggested by the Fatás-Summers estimates is easily big enough to make austerity a self-defeating policy even in purely fiscal terms: Governments that slashed spending in the face of depression hurt their economies, and hence their future tax receipts, so much that even their debt will end up higher than it would have been without the cuts.
  • countries that seem to have largely recovered from the crisis, like the United States, are far poorer than precrisis projections suggested they would be at this point. And a new paper by Mr. Summers and Antonio Fatás, in addition to supporting other economists’ conclusion that the crisis seems to have done enormous long-run damage, shows that the downgrading of nations’ long-run prospects is strongly correlated with the amount of austerity they imposed.
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  • At this point, however, the evidence practically screams hysteresis
  • The idea that policies that depress the economy in the short run also inflict lasting damage is generally referred to as “hysteresis.” It’s an idea with an impressive pedigree: The case for hysteresis was made in a well-known 1986 paper by Olivier Blanchard, who later became the chief economist at the International Monetary Fund, and Lawrence Summers, who served as a top official in both the Clinton and the Obama administrations
  • there’s growing evidence that we critics actually underestimated just how destructive the turn to austerity would be. Specifically, it now looks as if austerity policies didn’t just impose short-term losses of jobs and output, but they also crippled long-run growt
  • In 2010, more or less suddenly, the policy elite on both sides of the Atlantic decided to stop worrying about unemployment and start worrying about budget deficits instead.
  • Then it all went wrong. And the consequences of the wrong turn we took look worse now than the harshest critics of conventional wisdom ever imagined.
  • When economic crisis struck in 2008, policy makers by and large did the right thing. The Federal Reserve and other central banks realized that supporting the financial system took priority over conventional notions of monetary prudence. The Obama administration and its counterparts realized that in a slumping economy budget deficits were helpful, not harmful. And the money-printing and borrowing worked: A repeat of the Great Depression, which seemed all too possible at the time, was avoided.
g-dragon

Angkor Wat - Facts & Summary - HISTORY.com - 0 views

  • Originally dedicated to the Hindu god Vishnu, Angkor Wat became a Buddhist temple by the end of the 12th century.
  • Although it is no longer an active temple, it serves as an important tourist attraction in Cambodia, despite the fact it sustained significant damage during the autocratic rule of the Khmer Rouge regime in the 1970s and in earlier regional conflicts.
  • However, when it was built, it served as the capital of the Khmer empire, which ruled the region at the time. The word “Angkor” means “capital city” in the Khmer language, while the word “Wat” means “temple.”
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  • Initially, Angkor Wat was designed as a Hindu temple, as that was the religion of the region’s ruler at the time, Suryavarman II. However, by the end of the 12th century, it was considered a Buddhist site.
  • As Angkor Wat’s significance within the Buddhist religion of the region increased, so too did the legend surrounding the site. Many Buddhists believe the temple’s construction was ordered by the god Indra, and that the work was accomplished in one night.
  • However, scholars now know it took several decades to build Angkor Wat, from the design phase to completion.
  • Although Angkor Wat was no longer a site of political, cultural or commercial significance by the 13th century, it remained an important monument for the Buddhist religion into the 1800s.
  • The compliment can likely be attributed to the temple’s design, which is supposed to represent Mount Meru, the home of the gods, according to tenets of both the Hindu and Buddhist faiths. Its five towers are intended to recreate the five peaks of Mount Meru, while the walls and moat below honor the surrounding mountain ranges and the sea.
  • Unfortunately, although Angkor Wat remained in use until fairly recently—into the 1800s—the site has sustained significant damage, from forest overgrowth to earthquakes to war.
  • When Cambodia fell into a brutal civil war in the 1970s, Angkor Wat, somewhat miraculously, sustained relatively minimal damage.
Javier E

The story of a £4 Boohoo dress: cheap clothes at a high cost | Business | The... - 0 views

  • the £5 dress epitomises a fast fashion industry that pumps hundreds of new collections on to the market in short time at pocket money prices, with social media celebrity endorsement to boost high consumer demand. On average, such dresses and other products are discarded by consumers after five weeks.
  • But behind the price tag there is an environmental and social cost not contained on the label of such products. “The hidden price tag is the cost people in the supply chain and the environment itself pays,” said Sass Brown, a lecturer at the Manchester Fashion Institute. “The price is just too good to be true.
  • nvironmental degradation, the textile industry creates 1.2bn tonnes of CO2 a year, more than international aviation and shipping combined, consumes lake-sized volumes of water, and creates chemical and plastic pollution – as much as 35% of microplastics found in the ocean come from synthetic clothing.
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  • Socially, the booming fast fashion industry is often built on low wages paid to women working in factories abroad but also increasingly in the UK
  • In the UK, we buy more clothes per person than any other country in Europe – five times what we bought in the 1980s, which creates 1.3m tonnes of waste each year, some 350,000 tonnes of which is dumped in landfill or incinerated.
  • Yet despite the overwhelming evidence gathered by the environmental audit committee (EAC), ministers this week rejected every recommendation for tackling abuses across the fashion industry, including a ban on incinerating or landfilling stock that can be recycled and a 1p charge on each garment to raise £35m a year for better clothing collection and sorting, a move supported by many in the industry.
  • But the response of the government was met with anger by many within the industry, where ethical fashion firms come up against others who produce at lower costs on the back of exploitative wage structures and environmentally damaging production models
  • “It is a vastly damaging industry that has been spiralling unchecked for far too long. The Earth and the people on it are exploited and damaged at every single step of the chain, and this culminates with unimaginable mountains of unused excess stock or badly made broken waste clothing with nowhere to go other than landfill or incineration.”
  • But others are less sure that voluntary measures will tackle what they say is a systemic power imbalance between brands and manufacturers, which leads to worker exploitation, or address the enormous environmental footprint of their trade.
  • Commit to wearing every piece 30 times. If we doubled the amount of time we kept clothes for, we would cut our fashion emissions by 44%.
  • “So who is accountable for water and chemical pollution abroad, precarious work and employment, the undercutting of compliant manufacturers, the pollution from delivery and lack of recycling at home? Brands might find it difficult to make £5 fast fashion dresses and be socially and environmentally sustainable.
  • Ways to take the environmental heat out of your fashion habit
  • “The fundamental problem with much of fast fashion is that its social and environmental costs are not taken into account. The environmental costs of materials and fabric are mostly offshored. The production that takes place in the UK often only pays half the legal minimum wage.
  • Get smart about fibres. Cheap cotton and synthetics come with huge environmental footprints. Cotton uses unsustainable amounts of water and pesticide. Go for hemp blended with organic cotton and silk and lyocel/modal.
  • Treat cotton as a luxury fibre. Buy products certified as organic to be free of the pesticide burden and plan to keep them for years.
  • Wash clothes less often. The average laundry cycle releases hundreds of thousands of tiny fragments of plastic from synthetic fibres into waterways. Put jeans in the freezer and remove dirt when frozen. Fleeces have been shown to release the most plastic fibres
  • Delete shopping apps from your phone and swear off insta-shopping for fashion. Go shopping for clothes in a shop.
  • f dry cleaning is a must, use an eco-friendly process: conventional dry cleaning harms the soil, air and wate
Javier E

Moody's Analytics says climate change could cost $69 trillion by 2100 - The Washington ... - 0 views

  • warming of 1.5 degrees Celsius, or 2.7 degrees Fahrenheit, increasingly seen by scientists as a climate-stabilizing limit, would still cause $54 trillion in damages by the end of the century.
  • rising temperatures will “universally hurt worker health and productivity” and that more frequent extreme weather events “will increasingly disrupt and damage critical infrastructure and property.”
  • Climate change, Zandi said, is “not a cliff event. It’s not a shock to the economy. It’s more like a corrosive.” But, he added, it’s one that is “getting weightier with each passing year.
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  • Moody’s Investors Service, a major credit ratings agency, has already said that it wants to take climate into account when weighing the financial health of companies and municipalities.
  • t says that “water- and vector-borne diseases such as malaria and dengue fever will likely be the largest direct effect of changes in human health and the associated productivity loss.”
  • The hardest-hit economies will be some of the fastest-growing ones — Brazil, Russia, India, China and South Africa, the report says.
  • report also forecasts lower oil and natural gas demand, dealing a blow to oil-exporting countries, especially in the Middle East. It forecasts that Saudi GDP will drop more than 10 percent by 2048; the kingdom would be the country harmed the most by climate change, hurting government revenue
  • Of the 12 largest economies, India will be the worst hit, the report says, with GDP growing 2.5 percentage points more slowly than it would without the effects of climate change
  • The country’s service industry will be hit by heat stress, agricultural productivity will fall, and health-care costs will climb
  • the scenarios only go through 2048. The Moody’s report says “the distress compounds over time and is far more severe in the second half of the century.”
  • He added: “Most of the models go out 30 years, but, really, the damage to the economy is in the next half-century, and we haven’t developed the tools to look out that far.”
  • That’s why it is so hard to get people focused on this issue and get a comprehensive policy response,” Zandi said. “Business is focused on the next year, or five years out.”
  • Chubb, one of the biggest insurance firms in the United States, on Monday said it would no longer sell insurance to new coal-fired power plants or sell new policies to companies that derive more than 30 percent of their revenue from the mining of coal used in power plants.
  • Hammond said that the company still needs to stop insuring new coal mines and the oil sands, or tar sands, in northern Alberta.
  • “new coal projects cannot be built without insurance, and Chubb just dealt a blow to the dozens of companies that are still betting on the expansion of coal globally.”
  • the chief economist of Equinor, the Norwegian oil company previously known as Statoil, has written a report that looks at three scenarios for climate change and its impact on global economies, especially on energy. Only one of those, the report said, would lead to a sustainable path, but that path comes with enormous challenges. To reach that set of targets by 2050, “almost all use of coal must be eradicated
  • oil demand would need to be halved, and natural gas demand trimmed by more than 10 percent.
  • more than half of new cars would have to be electric vehicles by 2030
  • Electricity demand will double, yet wind and solar would equal the entire current electricity output, a leap from current levels
  • Waerness also said that the company currently assumes a carbon price of $55 a ton when considering whether to finance new energy projects
nrashkind

Cardiac injury among Covid-19 patients tied to higher risk of death - CNN - 0 views

shared by nrashkind on 29 Mar 20 - No Cached
  • Heart injury could be a common condition in patients hospitalized with Covid-19, according to a new study that also shows it's linked to a greater risk of death among those patients.
  • Cardiac injury, also referred to as myocardial injury, occurs when there is damage to the heart muscle, and such damage can occur when blood flow to the heart is reduced -- which is what causes a heart attack.
  • "An elevated troponin doesn't always mean a heart attack but it does mean myocardial injury or heart damage," said Dr. Erin Michos, the associate director of preventive cardiology at Johns Hopkins Medicine in Baltimore, who was not involved in the study.
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  • The data also revealed that the death rate was higher among patients with cardiac injury versus those without: 42 of the patients with cardiac injury, or 51.2%, died versus 15 of those without, or 4.5%.
  • Also, acute inflammatory responses due to an infection can lead to reduced blood flow in patients with preexisting cardiovascular diseases, the researchers noted. They wrote that "based on these lines of evidence, we hypothesize that an intense inflammatory response superimposed on preexisting cardiovascular disease may precipitate cardiac injury."Investigating inflammation
  • "Even though they're not dying from that cardiac injury, something about that biomarker is providing some prognostic value beyond other risk factors that were controlled, so it could still be important in terms of identifying high-risk patients that enter the hospital with Covid-19," Gump said.
  • To better understand that mechanism, Madjid said that he has looked to flu viruses.
  • The finding's in Wednesday's JAMA Cardiology paper "make a lot of sense," Kevin Heffernan, director of the Human Performance Laboratory at Syracuse University in New York, who was not involved in the study, wrote in an email on Wednesday.
  • A separate study published in the New England Journal of Medicine in 2018 found a significant association between respiratory infections, especially influenza, and acute heart attack, he said.
  • Inflammation appears to be the mechanism that best explains the association between cardiac injury and Covid-19, said Dr. Mohammad Madjid, a cardiologist and assistant professor at McGovern Medical School at UTHealth in Houston.
  • "To date, many patients with COVID-19 are still hospitalized in China and other countries, such as Italy and Iran.
  • Therefore, we should be ready for the reemergence of COVID-19 or other coronaviruses."
Javier E

White House Economists Warned in 2019 a Pandemic Could Devastate America - The New York... - 0 views

  • White House economists published a study last September that warned a pandemic disease could kill a half million Americans and devastate the economy.It went unheeded inside the administration.
  • In an interview, she said it would encompass school closures, shutting down many businesses and the sort of stay-at-home orders that many, but not all, states have imposed.“What it entails is something as drastic as you can get,”
  • Public health threats did not typically hurt the economy, Mr. Philipson said. He suggested the virus would not be nearly as bad as a normal flu season.
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  • The 2019 study warned otherwise — specifically urging Americans not to conflate the risks of a typical flu and a pandemic.
  • The existence of that warning undermines administration officials’ contentions in recent weeks that no one could have seen the virus damaging the economy as it has.
  • One of the authors of the study, who has since left the White House, now says it would make sense for the administration to effectively shut down most economic activity for two to eight months to slow the virus.
  • Government officials estimated Tuesday that the deadly pathogen could kill between 100,000 and 240,000 Americans.
  • it is unclear how the White House is tallying the potential benefits and costs — in dollar figures and human lives — of competing timetables for action.
  • The director of the National Economic Council, Larry Kudlow, told ABC News on Sunday that “it could be four weeks, it could be eight weeks” before economic activity resumes. “I say that hopefully,”
  • seeks to determine the optimal length of a national suppression of economic activity,
  • It assigned a value of $12.3 million per life for Americans between the ages of 18 and 49, compared with $5.3 million for those 65 and over.
  • In a best-case scenario, Ms. Scherbina concludes, a national suppression of economic activity to flatten the infection curve must last at least seven weeks.
  • In a worst case, where the shutdown proves less effective at slowing the rate of new infections, it would be economically optimal to keep the economy shuttered for nearly eight months.
  • Suppression efforts inflict considerable damage on the economy, reducing activity by about $36 billion per week, the study estimates. Ms. Scherbina said the optimal durations would remain largely unchanged even if the weekly damage was twice that high.
  • But the efforts would save nearly two million lives when compared with a scenario in which the government did nothing to suppress the economy and the spread of the virus
  • doing nothing would impose a $13 trillion cost to the economy — equal to about two-thirds of the amount of economic activity that the United States was projected to generate this year
  • Ms. Scherbina based her estimates on the models she built when she was a senior economist at the Council of Economic Advisers and the lead author of the September paper, “Mitigating the Impact of Pandemic Influenza Through Vaccine Innovation,
  • The 2019 White House study called for new federal efforts to speed up the time it takes to develop and deploy new vaccines
  • At even the highest rates it modeled, the pandemic flu in the exercise was still less contagious and less deadly than epidemiologists now say the coronavirus could be in the United States
  • “I don’t think corona is as big a threat as people make it out to be,” the acting chairman of the Council of Economic Advisers, Tomas Philipson, told reporters during a Feb. 18 briefing, on the same day that more than a dozen American cruise ship passengers who had contracted the virus were evacuated home
  • Mr. Philipson, whose academic specialty is health economics, was the acting head of the council when the September report was published
Javier E

Opinion | Please, Don't Intentionally Infect Yourself With Coronavirus - The New York T... - 0 views

  • 1. Immunity isn’t a sure thingWe have not yet established that those who recover from this infection indeed develop long-term immunity. Herd immunity projections depend completely on such a sustained immune response, and we haven’t found out whether that even exists.
  • 2. Reinfection could be possibleThere are documented cases where people who appear to recover from the virus test positive again, which calls even short-term immunity into question.
  • These apparent cases of reinfection may actually be remission and relapse, or false test results. However, researchers need more time to figure out what is happening with these patients, and the implications.
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  • What’s more, even if it is determined that reinfection cannot occur shortly after recovery, it could still happen later if immunity is only seasonal
  • If reinfection is indeed possible, we need to know whether it will result in disease that is milder or more severe.
  • While antibodies to a previous infection generally reduce risk the second time around, for some viruses, such as dengue fever, they can lead to severe and even fatal disease.
  • 3. The virus could continue living inside youWe don’t know that recovered patients actually clear the virus from their bodies. Many viruses can remain in reservoirs, parts of the body where they hang out quietly, and re-emerge to cause disease later in life
  • We now know that in some patients, detectable virus can be found in feces and even blood after apparent recovery. Does the coronavirus remain in the body, or are these just residual bits of virus?
  • the C.D.C. has estimated that about one in every five or six people aged 20 to 44 with confirmed Covid-19 has required hospitalization.
  • 5. Survivors could suffer long-term damage
  • We do know that previously healthy people are being left with potentially long-term lung and heart damage.
  • 6. A ‘mild’ case is hardly mildAs more patients recount enduring painful coughing, disorientation and difficulties breathing, people are coming to understand that the 80 percent to 85 percent of cases considered mild are not necessarily “mild” in its usual sense
  • 7. There’s no shortcut to immunityHerd immunity requires a high proportion of a population to be immune (the actual percentage varies for different infections), but we want to get there slowly or, ideally, through vaccines
  • Slowing down the spread of the coronavirus won’t just save lives in the coming few months; it also gives us time to study treatments, and to expand or reconfigure hospital services for Covid-19 patients.
  • We need to keep in mind that the science is moving fast right now. It is unprecedented to see such an intensive effort internationally being put into studying one disease.
  • While it is hard to be patient, the best way out of this will likely be much clearer to us in a month or two than it is now
Javier E

UK faces 'Covid decade' due to damage done by pandemic, says report | Coronavirus | The... - 0 views

  • Britain faces a “Covid decade” of social and cultural upheaval marked by growing inequality and deepening economic deprivation, a landmark review has concluded.
  • Major changes to the way society is run in the wake of the pandemic are needed to mitigate the impact of the “long shadow” cast by the virus, including declining public trust and an explosion in mental illness, the British Academy report found.
  • the report brings together more than 200 academic social science and humanities experts and hundreds of research projects. It was set up last year at the behest of the government’s chief scientific adviser, Sir Patrick Vallance.
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  • Too many people experienced the pandemic in poor housing, were badly equipped for home schooling and home working and vulnerable to poor mental health, and found themselves at high risk of economic insecurity, the report said, pointing out that “many people are ‘newly poor’ and only one month’s wages away from poverty”.
  • “With the advent of vaccines and the imminent ending of lockdowns, we might think that the impact of Covid-19 is coming to an end. This would be wrong. We are in a Covid decade: the social, economic and cultural effects of the pandemic will cast a long shadow into the future – perhaps longer than a decade,” it said.
  • The British Academy cautions against overoptimism as the UK thinks about recovery from Covid, however, warning that it is “no ordinary crisis” that can be fixed by a return to normal, but one that thrived amid pre-existing social deprivations and inequalities and which has exposed deep-seated flaws in public policy.
  • The report calls for renewed spending on community services, local government, social care and local charities, especially in deprived areas, noting that some of the most effective responses to Covid have been at a local level
  • Investment was need to erase the digital divide and establish internet access as a “critical, life-changing public service”.
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