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Opinion | Don't Let QAnon Bully Congress - The New York Times - 0 views

  • Allowing the U.S. government to be held hostage by political extremists is unacceptable.
  • While this won’t surprise most people, it likely came as a shock to many QAnon followers. According to that movement’s expediently evolving lore, March 4 — the date on which U.S. presidents were inaugurated until the mid-1930s — was when Mr. Trump was to reclaim the presidency and resume his epic battle against Satan-worshiping, baby-eating Democrats and deep-state monsters.This drivel is absurd. It is also alarming. Violent extremists, obsessed with the symbolism of March 4, were for weeks nattering about a possible attack on Congress, according to law enforcement officials.On March 2, the F.B.I. and the Department of Homeland Security issued a joint intelligence bulletin to law enforcement agencies, warning that militia extremists might be plotting to overrun the Capitol complex and “remove Democratic lawmakers.” The details of the possible plot were hazy, but the threat unnerved enough people that House leaders canceled Thursday’s session. The voting schedule was condensed, and lawmakers left town early for the weekend.Although March 4 came and went without a bloody coup attempt — that is, without another bloody coup attempt — damage was still done. Lawmakers abandoned their workplace out of fear of politically motivated violence. This not only disrupted the people’s business. It also sent a dangerous signal that Congress can be intimidated — that the state of American government is fragile.AdvertisementContinue reading the main storyOf course the safety of lawmakers and other Capitol Hill workers must be a priority. But allowing the government to be held hostage by political extremists is unacceptable.The current security threat is not expected to dissipate any time soon. If anything, the intelligence community has cautioned that the Jan. 6 siege of the Capitol may have emboldened extremists. Having sacked the Capitol, the lunatic fringe is now dreaming of a bigger, bloodier encore.
  • Representative Matt Gaetz, the Florida delegation’s mini-Trump, is in full froth. “Pelosi hired a bigot to hunt MAGA,” he charged last month. Last Tuesday, Republicans on the House Judiciary Committee sent a letter to the speaker, arguing that General Honoré’s criticism of the police and lawmakers was “disqualifying.” On Thursday, Tucker Carlson told viewers: “Honoré is an unhinged partisan extremist. He’s nuttier than anyone affiliated with QAnon.”
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  • Of course the safety of lawmakers and other Capitol Hill workers must be a priority. But allowing the government to be held hostage by political extremists is unacceptable.
  • Trump toadies should not be allowed to turn this issue into a partisan game. Steps must be taken to safeguard the seat of government. Going forward, lawmakers cannot be seen as bowing to political thugs, their work upended whenever there is a semi-credible threat. That is not the American way.
  • March 4 was just one target. The acting chief of the Capitol Police, Yogananda Pittman, recently warned that extremists have been talking about possibly blowing up the Capitol during President Biden’s first address to a joint meeting of Congress, which has not yet been scheduled, with an eye toward killing “as many members as possible.”
  • On Monday, lawmakers were briefed on the findings of the security assessment that the House speaker, Nancy Pelosi, requested in the wake of Jan. 6. Russel Honoré, a retired Army lieutenant general who led the task force, recommended a variety of permanent enhancements. These include beefing up the Capitol Police force, in terms of increased staffing, improved training, enhanced authority for its leadership and a new emphasis on intelligence work; creating a quick-reaction force to be on call 24-7 to handle imminent threats; installing a retractable fencing system; and adding protections for rank-and-file members of Congress at home and while they are traveling and back in their districts.
  • This drivel is absurd. It is also alarming. Violent extremists, obsessed with the symbolism of March 4, were for weeks nattering about a possible attack on Congress, according to law enforcement officials.
  • Last Thursday was not Donald Trump’s triumphant return to power after all.While this won’t surprise most people, it likely came as a shock to many QAnon followers. According to that movement’s expediently evolving lore, March 4 — the date on which U.S. presidents were inaugurated until the mid-1930s — was when Mr. Trump was to reclaim the presidency and resume his epic battle against Satan-worshiping, baby-eating Democrats and deep-state monsters.
  • This not only disrupted the people’s business. It also sent a dangerous signal that Congress can be intimidated — that the state of American government is fragile.
  • In the wake of Jan. 6, enhanced protections were put in place around Capitol Hill. There is an increased police presence along with thousands of National Guard troops. Last week, Chief Pittman requested that the Guard presence, originally set to expire Friday, be extended 60 days. (The Pentagon has yet to issue a final decision.) Inside the Capitol building, additional metal detectors have been installed. The grounds are ringed by security fencing. Lawmakers from both parties have complained that “the people’s house” now has the grim vibe of an armed camp — or a low-security prison.
  • Republicans, many of them desperate to downplay the Jan. 6 tragedy, are already attacking General Honoré as biased.
  • The general has not been shy about criticizing lawmakers and others he regards as having fed the postelection chaos, and he has suggested that some Capitol Police officers may have been complicit in allowing rioters into the building.
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The world went on a debt binge last year. There could be a nasty hangover - CNN - 0 views

  • Desperate to save their economies from complete collapse, governments borrowed unprecedented amounts of money on the cheap to support workers and businesses during the pandemic. Now, with recovery in sight, a big risk looms: interest payments.
  • Spurred on by rock-bottom rates, governments issued $16.3 trillion in debt in 2020, and they're expected to borrow another $12.6 trillion this year, according to S&P Global Ratings. But fears are growing that an explosive economic comeback starting this summer could generate inflation, potentially forcing central banks to raise rates sooner than expected.
  • Should that happen, the cost of servicing mountains of sovereign debt will jump, eating up government funds that could otherwise be spent on essential services or rebuilding weakened economies.
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  • "A big jump in interest rates would be very costly," said Ugo Panizza, professor of international economics at the Graduate Institute in Geneva. "Central banks will face very, very complicated tradeoffs if inflation does go up."
  • The moves have been triggered in part by growing confidence about the next phase of the pandemic. As vaccination campaigns allow governments to lift some restrictions, consumers are expected to rush to restaurants and hop on planes. That could push up prices, which central banks have pledged to keep under control.
  • US lawmakers approved a mammoth $1.9 trillion stimulus package on Wednesday that could send prices higher and increase pressure on the Federal Reserve.
  • The Congressional Budget Office projects that publicly-held government debt in the United States will climb to nearly $22.5 trillion by the end of fiscal 2021. That's equivalent to 102% of annual gross domestic product. In Italy, the ratio stood at 154% at the end of September, while Greece was almost at 200%.
  • Interest costs are even more sensitive to inflation and rate hikes because of the pandemic response.The UK government borrowed £270.6 billion ($377 billion) between April 2020 and January 2021, and higher interest rates mean increased payments on that debt.
  • "Just as it would be irresponsible to withdraw [economic] support too soon, it would also be irresponsible to allow future borrowing and debt to be left unchecked," he said.
  • "It is a real concern," said Randall Kroszner, who served as a Federal Reserve governor from 2006 until 2009. If US debt payments suddenly go "from being quite low to being quite significant," that could weigh on the recovery and slow economic activity, he added.
  • Panizza said that Italy needs to refinance or extend the due date of about one-seventh of its debt every year. If interest rates were to go up by 2%, that would add about half a point of GDP, or roughly $9.9 billion, to debt servicing costs annually. That's a "substantial" amount, he emphasized.
  • "This is not something that we have a lot of experience with," Kroszner said.
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Opinion | My Daughter and I Are Trapped in Brazil's Tragedy - The New York Times - 0 views

  • For over a year now, my 2½-year-old daughter and I have been monitoring — avidly, anxiously — the movements of the 10 ambulances parked there. That’s the sort of entertainment we have now.
  • Since the beginning of the year, fewer and fewer ambulances stay put. Now, during the day, it’s common to see only one or two vehicles at the lot — and never for long. Just wait awhile and away they go, sirens blaring, to answer someone’s call.
  • Looking at that incessant parade of ambulances, I try not to sound desperate. I try to keep from my voice the knowledge that 543 people have died waiting for a hospital bed since the end of February in São Paulo alone, that across the country over 370,000 people have lost their lives — and that the worst may be yet to come.
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Opinion | The G.O.P. Is Getting Even Worse - The New York Times - 0 views

  • What’s happening can only be called a venomous panic attack. Since the election, large swathes of the Trumpian right have decided America is facing a crisis like never before and they are the small army of warriors fighting with Alamo-level desperation to ensure the survival of the country as they conceive it
  • When asked in late January if politics is more about “enacting good public policy” or “ensuring the survival of the country as we know it,” 51 percent of Trump Republicans said survival; only 19 percent said policy.The level of Republican pessimism is off the chart
  • A February Economist-YouGov poll asked Americans which statement is closest to their view: “It’s a big, beautiful world, mostly full of good people, and we must find a way to embrace each other and not allow ourselves to become isolated” or “Our lives are threatened by terrorists, criminals and illegal immigrants, and our priority should be to protect ourselves.”
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  • Over 75 percent of Biden voters chose “a big, beautiful world.” Two-thirds of Trump voters chose “our lives are threatened.”
  • This level of catastrophism, nearly despair, has fed into an amped-up warrior mentality.
  • With their deep pessimism, the hyperpopulist wing of the G.O.P. seems to be crashing through the floor of philosophic liberalism into an abyss of authoritarian impulsiveness.
  • With this view, the Jan. 6 insurrection was not a shocking descent into lawlessness but practice for the war ahead. A week after the siege, nearly a quarter of Republicans polled said violence can be acceptable to achieve political goals.
  • “The decent know that they must become ruthless. They must become the stuff of nightmares,” Jack Kerwick writes in the Trumpian magazine American Greatness. “The good man must spare not a moment to train, in both body and mind, to become the monster that he may need to become in order to slay the monsters that prey upon the vulnerable.”
  • Philosophic liberals — whether on the right side of the political spectrum or the left — understand people have selfish interests, but believe in democracy and open conversation because they have confidence in the capacities of people to define their own lives, to care for people unlike themselves, to keep society progressing.
  • Liberal democracy is based on a level of optimism, faith and a sense of security. It’s based on confidence in the humanistic project: that through conversation and encounter, we can deeply know each other across differences; that most people are seeking the good with different opinions about how to get there; that society is not a zero-sum war, but a conversation and a negotiation.
  • The G.O.P. response to the Biden agenda has been anemic because the base doesn’t care about mere legislation, just their own cultural standing.
  • There are new and transformed magazines and movements like American Purpose, Persuasion, Counterweight, Arc Digital, Tablet and Liberties that point out the excesses of the social justice movement and distinguish between those who think speech is a mutual exploration to seek truth and those who think speech is a structure of domination to perpetuate systems of privilege.
  • Republicans and conservatives who believe in the liberal project need to organize and draw a bright line between themselves and the illiberals on their own side.
  • apocalyptic pessimism has a tendency to deteriorate into nihilism, and people eventually turn to the strong man to salve the darkness and chaos inside themselves.
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Biden Administration Looks For Help With Next Phase Of Pitching COVID Vaccines : NPR - 0 views

  • The Biden administration is moving into a new phase of its campaign to vaccinate as many Americans as possible for the coronavirus, one where the government may not always be the best messenger to persuade people to get their shot.
  • The country is nearing the point where vaccine supply will outstrip demand. It was only this week that every state lifted restrictions on who could be vaccinated, and just under 50% of adults have yet to get their first shot.
  • "That's hugely problematic because I don't think they are," Jha said. "I think actually there are lots of people who are perfectly happy to get a vaccine but aren't desperate for it, aren't convinced they need it badly and we still make it too hard for many people
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China's Sinopharm Vaccine Approved for Emergency Use By W.H.O. - The New York Times - 0 views

  • Developing countries racing for coronavirus vaccines now have another dependable option — and China’s reputation as a rising scientific superpower just got a big boost.
  • The World Health Organization on Friday declared a vaccine made by a Chinese company, Sinopharm, as a safe and reliable way to fight the virus. The declaration marks a significant step toward clearing up doubts about the vaccine, after little late-phase clinical trial data was disclosed by the Chinese government and the company.
  • “The addition of this vaccine has the potential to rapidly accelerate Covid-19 vaccine access for countries seeking to protect health workers and populations at risk,”
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  • The W.H.O. emergency use approval allows the Sinopharm vaccine to be included in Covax, a global initiative to provide free vaccines to poor countries. The possible inclusion in Covax raises hopes that more people — especially those in developing nations — will get access to shots at a crucial moment.
  • “This should be the golden time for China to practice its vaccine diplomacy. The problem is, at the same time, China itself is facing a shortage,”
  • “The whole world is short of this vaccine,” said a Sinovac spokesman, Pearson Liu. “The demand is just too great.”
  • Andrea Taylor, who analyzes global data on vaccines at the Duke Global Health Institute, called the potential addition of two Chinese vaccines into the Covax program a “game changer.”
  • “The situation right now is just so desperate for low and lower middle income countries that any doses we can get out are worth mobilizing,” Ms. Taylor said. “Having potentially two options coming from China could really change the landscape of what’s possible over the next few months.”
  • China’s vaccines have been rolled out to more than 80 countries, but they have faced significant skepticism, in part because the companies have not released Phase 3 clinical trial data for scientists to independently assess the vaccines’ efficacy rates. An advisory group to the W.H.O. published the data this week.
  • The Sinopharm vaccine developed with the Beijing Institute of Biological Products has an efficacy rate of 78.1 percent, according to the W.H.O. advisory group.
  • The Sinovac vaccine has varying efficacy rates of between 50 percent to 84 percent, depending on the country where Phase 3 trials were conducted.
  • for China’s leaders, the W.H.O. approval can still be seen as a badge of honor. Xi Jinping, China’s top leader, has pledged to make a Covid-19 vaccine a “global public good.”
  • After India announced export restrictions on vaccines last month, Indonesia and the Philippines said they would turn to China for help. Last week, China’s foreign minister offered to help South Asian nations get access to vaccines.
  • Indonesia said it would get additional doses from Sinovac after President Joko Widodo held talks with Mr. Xi. In a speech the same week, President Rodrigo Duterte of the Philippines said he owed “a debt of gratitude” to China for its vaccines.
  • “They don’t like to subsume their generosity in their products under some U.N. brand,” said J. Stephen Morrison, director of the global health policy center at the Center for Strategic and International Studies. “They are in a historic phase,” he said. “They want the recipients to know that this is China delivering.”
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Free Black Thought: A Manifesto - Persuasion - 0 views

  • In a now-deleted tweet from May 22, 2020, Nikole Hannah-Jones, a Pulitzer Prize-winning reporter for The New York Times, opined, “There is a difference between being politically black and being racially black.”
  • Growing out of the Critical Race Theory (CRT) movement, a culture of censorship has taken root in many of our institutions.
  • The implication of Hannah-Jones’s tweet and candidate Biden’s quip seems to be that you can have African ancestry, dark skin, textured hair, and perhaps even some “culturally black” traits regarding tastes in food, music, and ways of moving through the world. But unless you hold the “correct” political beliefs and values, you are not authentically black.
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  • CRT makes two basic observations: First, that bias and prejudice exist not just in the hearts and minds of individuals, but also in society’s social structures and systems.
  • second, that bias embedded in systems is frequently invisible to the dominant class but perfectly perceptible to its victims
  • This need is especially urgent given the ideological homogeneity of the “antiracist” outlook and efforts of elite institutions, including media, corporations, and an overwhelmingly progressive academia. For the arbiters of what it means to be black that dominate these institutions, there is a fairly narrowly prescribed “authentic” black narrative, black perspective, and black position on every issue that matters.
  • Both of these observations are true at least some of the time
  • The problem is that the second—sometimes referred to as “standpoint epistemology”—contends that only minorities have standing to articulate a view on race and racism.
  • In her book What Does It Mean to Be White?, Robin DiAngelo puts it this way: “Sometimes I am asked, ‘But what if the person of color is wrong and what they think is racism isn’t racism at all?’ To this I say that people of color are much more qualified than we are to make this determination. My not being able to see racism is unrelated to its reality.” Anyone who proffers an alternative perspective can be accused of “privilege.”
  • This insight goes a long way to explaining the current fetishization of experience, especially if it is (redundantly) “lived.” Black people from all walks of life find themselves deferred to by non-blacks
  • black people certainly don’t all “feel” or “experience” the same things. Nor do they all "experience" the same event in an identical way. Finally, even when their experiences are similar, they don’t all think about or interpret their experiences in the same way.
  • Given America’s history of racism, we do have a special obligation to listen closely when marginalized people talk about their experience: The victims of racism will indeed have insights that others cannot possibly glean on their own.
  • we must begin to attend in a serious way to heterodox black voices
  • The practical effects of the new antiracism are everywhere to be seen, but in few places more clearly than in our children’s schools
  • But I cannot agree that, in making space for marginalized voices, everyone else should defer to whatever ideological claims members of a minority group attach to their definition of racism.
  • it tends to go like this: Defer to my lived experience; my lived experience reveals that critical race theory is true; you, too, must abide by critical race theory.
  • First, insisting that large swaths of people keep quiet is not a sustainable moral undertaking
  • Calling on those deemed privileged to mute themselves permanently on issues of race and racism only engenders resentment.
  • When we hear the demand to “listen to black voices,” what is usually meant is “listen to the right black voices.”
  • Many non-black people have heard a certain construction of “the black voice” so often that they are perplexed by black people who don’t fit the familiar model.
  • Similarly, many activists are not in fact “pro-black”: they are pro a rather specific conception of “blackness” that is not necessarily endorsed by all black people.
  • There’s a difference between listening to someone’s experience and tying oneself to their entire worldview. Challenging someone’s viewpoint should not be taken as invalidating their feelings.
  • This is where our new website, Free Black Thought (FBT), seeks to intervene in the national conversation. FBT honors black individuals for their distinctive, diverse, and heterodox perspectives, and offers up for all to hear a polyphony, perhaps even a cacophony, of different and differing black voices.
  • Second, oppressed people, like all people, are sometimes wrong.
  • Lived experience, while important, is just one data point in understanding social reality. Being oppressed doesn’t give anyone a monopoly on wisdom, even about oppression. Indeed, our experience can bias our insight
  • Shelly Eversley’s The Real Negro suggests that in the latter half of the 20th century, the criteria of what constitutes “authentic” black experience moved from perceptible outward signs, like the fact of being restricted to segregated public spaces and speaking in a “black” dialect, to psychological, interior signs. In this new understanding, Eversley writes, “the ‘truth’ about race is felt, not performed, not seen.”
  • one might reasonably question what could be wrong with teaching children “antiracist” precepts. But the details here are full of devils.
  • Third, marginalized communities are diverse.
  • To take an example that could affect millions of students, the state of California has adopted a statewide Ethnic Studies Model Curriculum (ESMC) that reflects “antiracist” ideas. The ESMC’s content inadvertently confirms that contemporary antiracism is often not so much an extension of the civil rights movement but in certain respects a tacit abandonment of its ideals.
  • “The spectrum of thought amongst African Americans is and has always been much broader and multifarious than commonly perceived,” he writes. “Neglect of that fact has led to a homogenization that has tended to submerge African American individuality.”
  • It has thus been condemned as a “perversion of history” by Dr. Clarence Jones, MLK’s legal counsel, advisor, speechwriter, and Scholar in Residence at the Martin Luther King, Jr. Institute at Stanford University:
  • Today, Black people are no less diverse in their political views than they’ve been through the ages.
  • Who alone speaks for a marginalized people? I, for one, will listen to anyone willing to talk with me.
  • Fourth, oppressed people around the world hold claims that directly contradict those of other oppressed people.
  • If you agree that one oppressed group has standing to define reality, it’s hard to argue that all oppressed people around the world don’t have similar standing to define their narratives of oppression, some of which conflict with each other.
  • Finally, some schools are adopting antiracist ideas of the sort espoused by Ibram X. Kendi, according to whom, if metrics such as tests and grades reveal disparities in achievement, the project of measuring achievement must itself be racist.
  • Fifth, once you allow someone else to define reality for you, you never know where it will take you. You’ve now outsourced your analysis to a third party, who may down the line make absurd statements or engage in untenable behavior that you now feel compelled to defend
  • Or consider the third-grade students at R.I. Meyerholz Elementary School in Cupertino, California
  • Essentialist thinking about race has also gained ground in some schools. For example, in one elite school, students “are pressured to conform their opinions to those broadly associated with their race and gender and to minimize or dismiss individual experiences that don’t match those assumptions.” These students report feeling that “they must never challenge any of the premises of [the school’s] ‘antiracist’ teachings.”
  • In contrast, the non-white students were taught that they were “folx (sic) who do not benefit from their social identities,” and “have little to no privilege and power.”
  • We will never effectively address our problems, however, if one set of voices claims unique insight and seeks to shut out the rest from the discussion.
  • Or take New York City’s public school system, one of the largest educators of non-white children in America. In an effort to root out “implicit bias,” former Schools Chancellor Richard Carranza had his administrators trained in the dangers of “white supremacy culture.”
  • A slide from a training presentation listed “perfectionism,” “individualism,” “objectivity” and “worship of the written word” as white supremacist cultural traits to be “dismantled,”
  • The children with “white” in their identity map were taught that they were part of the “dominant culture” which has been “created and maintained…to hold power and stay in power.” They were also taught that they had “privilege” and that “those with privilege have power over others.
  • Parents are justifiably worried about such innovations. What black parent wants her child to hear that grading or math are “racist” as a substitute for objective assessment and real learning? What black parent wants her child told she shouldn’t worry about working hard, thinking objectively, or taking a deep interest in reading and writing because these things are not authentically black?
  • Clearly, our children’s prospects for success depend on the public being able to have an honest and free-ranging discussion about this new antiracism and its utilization in schools. Even if some black people have adopted its tenets, many more, perhaps most, hold complex perspectives that draw from a constellation of rather different ideologies.
  • So let’s listen to what some heterodox black people have to say about the new antiracism in our schools.
  • Coleman Hughes, a fellow at the Manhattan Institute, points to a self-defeating feature of Kendi-inspired grading and testing reforms: If we reject high academic standards for black children, they are unlikely to rise to “those same rejected standards” and racial disparity is unlikely to decrease
  • Chloé Valdary, the founder of Theory of Enchantment, worries that antiracism may “reinforce a shallow dogma of racial essentialism by describing black and white people in generalizing ways” and discourage “fellowship among peers of different races.”
  • We hope it’s obvious that the point we’re trying to make is not that everyone should accept uncritically everything these heterodox black thinkers say. Our point in composing this essay is that we all desperately need to hear what these thinkers say so we can have a genuine conversation
  • We promote no particular politics or agenda beyond a desire to offer a wide range of alternatives to the predictable fare emanating from elite mainstream outlets. At FBT, Marxists rub shoulders with laissez-faire libertarians. We have no desire to adjudicate who is “authentically black” or whom to prefer.
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Who Decides What's Racist? - Persuasion - 0 views

  • Growing out of the Critical Race Theory (CRT) movement, a culture of censorship has taken root in many of our institutions.
  • CRT makes two basic observations: First, that bias and prejudice exist not just in the hearts and minds of individuals, but also in society’s social structures and systems.
  • second, that bias embedded in systems is frequently invisible to the dominant class but perfectly perceptible to its victims
  • ...48 more annotations...
  • Both of these observations are true at least some of the time
  • The problem is that the second—sometimes referred to as “standpoint epistemology”—contends that only minorities have standing to articulate a view on race and racism.
  • In her book What Does It Mean to Be White?, Robin DiAngelo puts it this way: “Sometimes I am asked, ‘But what if the person of color is wrong and what they think is racism isn’t racism at all?’ To this I say that people of color are much more qualified than we are to make this determination. My not being able to see racism is unrelated to its reality.” Anyone who proffers an alternative perspective can be accused of “privilege.”
  • Given America’s history of racism, we do have a special obligation to listen closely when marginalized people talk about their experience: The victims of racism will indeed have insights that others cannot possibly glean on their own.
  • Calling on those deemed privileged to mute themselves permanently on issues of race and racism only engenders resentment.
  • it tends to go like this: Defer to my lived experience; my lived experience reveals that critical race theory is true; you, too, must abide by critical race theory.
  • First, insisting that large swaths of people keep quiet is not a sustainable moral undertaking
  • There’s a difference between listening to someone’s experience and tying oneself to their entire worldview. Challenging someone’s viewpoint should not be taken as invalidating their feelings.
  • We will never effectively address our problems, however, if one set of voices claims unique insight and seeks to shut out the rest from the discussion.
  • Second, oppressed people, like all people, are sometimes wrong.
  • Lived experience, while important, is just one data point in understanding social reality. Being oppressed doesn’t give anyone a monopoly on wisdom, even about oppression. Indeed, our experience can bias our insight
  • Third, marginalized communities are diverse.
  • “The spectrum of thought amongst African Americans is and has always been much broader and multifarious than commonly perceived,” he writes. “Neglect of that fact has led to a homogenization that has tended to submerge African American individuality.”
  • Today, Black people are no less diverse in their political views than they’ve been through the ages.
  • Who alone speaks for a marginalized people? I, for one, will listen to anyone willing to talk with me.
  • Fourth, oppressed people around the world hold claims that directly contradict those of other oppressed people.
  • If you agree that one oppressed group has standing to define reality, it’s hard to argue that all oppressed people around the world don’t have similar standing to define their narratives of oppression, some of which conflict with each other.
  • Fifth, once you allow someone else to define reality for you, you never know where it will take you. You’ve now outsourced your analysis to a third party, who may down the line make absurd statements or engage in untenable behavior that you now feel compelled to defend
  • But I cannot agree that, in making space for marginalized voices, everyone else should defer to whatever ideological claims members of a minority group attach to their definition of racism.
  • The implication of Hannah-Jones’s tweet and candidate Biden’s quip seems to be that you can have African ancestry, dark skin, textured hair, and perhaps even some “culturally black” traits regarding tastes in food, music, and ways of moving through the world. But unless you hold the “correct” political beliefs and values, you are not authentically black.
  • In a now-deleted tweet from May 22, 2020, Nikole Hannah-Jones, a Pulitzer Prize-winning reporter for The New York Times, opined, “There is a difference between being politically black and being racially black.”
  • Shelly Eversley’s The Real Negro suggests that in the latter half of the 20th century, the criteria of what constitutes “authentic” black experience moved from perceptible outward signs, like the fact of being restricted to segregated public spaces and speaking in a “black” dialect, to psychological, interior signs. In this new understanding, Eversley writes, “the ‘truth’ about race is felt, not performed, not seen.”
  • This insight goes a long way to explaining the current fetishization of experience, especially if it is (redundantly) “lived.” Black people from all walks of life find themselves deferred to by non-blacks
  • black people certainly don’t all “feel” or “experience” the same things. Nor do they all "experience" the same event in an identical way. Finally, even when their experiences are similar, they don’t all think about or interpret their experiences in the same way.
  • we must begin to attend in a serious way to heterodox black voices
  • This need is especially urgent given the ideological homogeneity of the “antiracist” outlook and efforts of elite institutions, including media, corporations, and an overwhelmingly progressive academia. For the arbiters of what it means to be black that dominate these institutions, there is a fairly narrowly prescribed “authentic” black narrative, black perspective, and black position on every issue that matters.
  • When we hear the demand to “listen to black voices,” what is usually meant is “listen to the right black voices.”
  • Many non-black people have heard a certain construction of “the black voice” so often that they are perplexed by black people who don’t fit the familiar model.
  • Similarly, many activists are not in fact “pro-black”: they are pro a rather specific conception of “blackness” that is not necessarily endorsed by all black people.
  • This is where our new website, Free Black Thought (FBT), seeks to intervene in the national conversation. FBT honors black individuals for their distinctive, diverse, and heterodox perspectives, and offers up for all to hear a polyphony, perhaps even a cacophony, of different and differing black voices.
  • The practical effects of the new antiracism are everywhere to be seen, but in few places more clearly than in our children’s schools
  • one might reasonably question what could be wrong with teaching children “antiracist” precepts. But the details here are full of devils.
  • To take an example that could affect millions of students, the state of California has adopted a statewide Ethnic Studies Model Curriculum (ESMC) that reflects “antiracist” ideas. The ESMC’s content inadvertently confirms that contemporary antiracism is often not so much an extension of the civil rights movement but in certain respects a tacit abandonment of its ideals.
  • It has thus been condemned as a “perversion of history” by Dr. Clarence Jones, MLK’s legal counsel, advisor, speechwriter, and Scholar in Residence at the Martin Luther King, Jr. Institute at Stanford University:
  • Essentialist thinking about race has also gained ground in some schools. For example, in one elite school, students “are pressured to conform their opinions to those broadly associated with their race and gender and to minimize or dismiss individual experiences that don’t match those assumptions.” These students report feeling that “they must never challenge any of the premises of [the school’s] ‘antiracist’ teachings.”
  • In contrast, the non-white students were taught that they were “folx (sic) who do not benefit from their social identities,” and “have little to no privilege and power.”
  • The children with “white” in their identity map were taught that they were part of the “dominant culture” which has been “created and maintained…to hold power and stay in power.” They were also taught that they had “privilege” and that “those with privilege have power over others.
  • Or consider the third-grade students at R.I. Meyerholz Elementary School in Cupertino, California
  • Or take New York City’s public school system, one of the largest educators of non-white children in America. In an effort to root out “implicit bias,” former Schools Chancellor Richard Carranza had his administrators trained in the dangers of “white supremacy culture.”
  • A slide from a training presentation listed “perfectionism,” “individualism,” “objectivity” and “worship of the written word” as white supremacist cultural traits to be “dismantled,”
  • Finally, some schools are adopting antiracist ideas of the sort espoused by Ibram X. Kendi, according to whom, if metrics such as tests and grades reveal disparities in achievement, the project of measuring achievement must itself be racist.
  • Parents are justifiably worried about such innovations. What black parent wants her child to hear that grading or math are “racist” as a substitute for objective assessment and real learning? What black parent wants her child told she shouldn’t worry about working hard, thinking objectively, or taking a deep interest in reading and writing because these things are not authentically black?
  • Clearly, our children’s prospects for success depend on the public being able to have an honest and free-ranging discussion about this new antiracism and its utilization in schools. Even if some black people have adopted its tenets, many more, perhaps most, hold complex perspectives that draw from a constellation of rather different ideologies.
  • So let’s listen to what some heterodox black people have to say about the new antiracism in our schools.
  • Coleman Hughes, a fellow at the Manhattan Institute, points to a self-defeating feature of Kendi-inspired grading and testing reforms: If we reject high academic standards for black children, they are unlikely to rise to “those same rejected standards” and racial disparity is unlikely to decrease
  • Chloé Valdary, the founder of Theory of Enchantment, worries that antiracism may “reinforce a shallow dogma of racial essentialism by describing black and white people in generalizing ways” and discourage “fellowship among peers of different races.”
  • We hope it’s obvious that the point we’re trying to make is not that everyone should accept uncritically everything these heterodox black thinkers say. Our point in composing this essay is that we all desperately need to hear what these thinkers say so we can have a genuine conversation
  • We promote no particular politics or agenda beyond a desire to offer a wide range of alternatives to the predictable fare emanating from elite mainstream outlets. At FBT, Marxists rub shoulders with laissez-faire libertarians. We have no desire to adjudicate who is “authentically black” or whom to prefer.
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Kamala Harris' team tries to distance her from fraught situation at the border - CNNPol... - 0 views

  • In the weeks since the President asked her to take charge of immigration from Central America, Vice President Kamala Harris and her staff have sought to make one thing clear: She does not manage the southern border.
  • Two White House officials familiar with the dynamic said Harris and her aides have emphasized internally that they want to focus on conditions in Central America that push migrants to the US southern border, as President Joe Biden tasked her to do. A record number of unaccompanied children crossed into the US this spring, and the throngs of desperate minors present a heart-rending problem as well as a political one.
  • After the announcement, Harris' aides appeared to "panic," according to one of the officials, out of concern that her assignment was being mischaracterized and could be politically damaging if she were linked to the border, which at the time was facing a growing number of arrivals.
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  • One of the officials said Harris appears eager for a portfolio that will allow her to achieve political victories, especially in foreign policy, an area where she is far less experienced than Biden.
  • Harris' performance is critical to her future political career, which could well include a run for president. It's also of special concern right now as she prepares to depart for a trip to Guatemala and Mexico next week as part of this project. It will be her first official foray into in-person, in-country talks about the troubles that push Central American migrants toward the US.
  • Harris and her staff have made it clear that they want to focus narrowly on diplomatic efforts in Mexico and the Northern Triangle countries of Guatemala, Honduras and El Salvador, where they believe they are more likely to achieve tangible results in addressing the root causes of migration, like economic despair, said the officials.
  • "Everything you're doing in Central America is always towards an eye on the border and what's happening in the United States," said Cris Ramon, an immigration consultant. "With the current dynamics in migration, what's happening at the US-Mexico border has implications in the Northern Triangle and vice versa."
  • Tens of thousands migrants from Central America arrive at the US-Mexico border monthly. In April, of the 178,622 migrants encountered by US Customs and Border Protection, 79,190, or roughly 44%, were from El Salvador, Guatemala and Honduras, according to the agency's data, the very countries where Harris is supposed to be addressing migration to the US.
  • The pandemic has taken a dramatic toll on Latin America, where Covid-19 cases and deaths soared and economies once projected to grow have been decimated. The region was also hit with two devastating hurricanes last year.
  • The decline in economic growth in 2020, according to the Congressional Research Service, is expected to worsen income inequality and poverty in the region. That, combined with pent-up demands and the perception of the Biden administration being more lenient, has fueled people trying to cross the US-Mexico border.
  • Harris' role -- which mimics that of Biden under President Barack Obama -- is intended to target what's driving people to the US.
  • But following Biden's announcement, both the President and vice president's staff clarified repeatedly that Harris would be focused solely on diplomatic efforts to stem the current flow of migrants and develop a larger strategic partnership with Central America.
  • Harris has stressed that her role is to address the "root causes" of migration beginning in the Northern Triangle countries and Mexico, rather than the "symptoms" of it manifesting at the border, which are being addressed by the Homeland Security secretary. Without a diplomatic push in those countries, "we are just in a perpetual system of only dealing with the symptoms," she said in April.
  • Immigration advocates and regional experts who have participated in roundtables with the vice president describe Harris asking detailed questions on a variety of issues, like agricultural science and water irrigation strategies to tackle food insecurity and infrastructure needs.
  • Internally, Harris has been intimately involved in the crafting of a regional strategy, communicating regularly with National Security Council officials. Cabinet members, along with other administration officials, are also putting together proposals on the administration's root-causes strategy, which Harris is expected to discuss while in Mexico and Guatemala in June, a senior administration official previously told CNN.
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If China needs to boost its population why not scrap birth quotas entirely? The reason ... - 0 views

  • In a bid to arrest a demographic crisis, China this week announced it will allow couples to have three children -- but some critics questioned why the government kept a limit on parents at all?
  • The answer might lie in Beijing's attitudes towards its ethnic minorities, particularly those in Xinjiang.
  • Experts said Beijing is reluctant to remove all quotas on the number of children per family for several reasons. But one major factor is that ending the policy would make it much more difficult to justify Beijing's attempts to limit the population in Xinjiang and other regions with large minority groups, which tend to have more children.
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  • "If there was no policy across the whole country, it would be difficult to enforce a separate one for poor people and Muslims."
  • China's birth rate has been falling rapidly since the introduction of the one-child policy more than 40 years ago, which limited couples to one baby in order to alleviate poverty and stem a population boom.
  • During the one-child policy, ethnic minorities, including Xinjiang's Uyghur population, were allowed to have up to three children, which authorities said was in deference of the group's cultural traditions of large families.
  • Faced with a demographic crisis, the Chinese government relaxed the policy in 2016 to allow for two children
  • n 2020, the birth rate fell by almost 15% year on year.
  • While the policy successfully reined in birth rates as China developed, in more recent years officials have become concerned the country won't have enough young workers to keep powering its economic growth.
  • Between 1991 and 2017, Xinjiang had a substantially higher birth-rate ratio when compared to the rest of the country, according to a report by the Australian Strategic Policy Institute.
  • But when the Chinese government began its crackdown in Xinjiang in 2017, which allegedly involved sending millions of Uyghurs to a vast complex of detention centers, there was a simultaneous tightening of family planning policies.Between 2017 and 2018, birth rates in Xinjiang dropped by a third, from 15.8 per 1,000 people to 10.7 per 1,000 people.
  • At a time when the Chinese government was desperately trying to raise birth rates, sterilizations in the region surged to 243 per 100,000 people in 2018, according to official government documents referenced in a report by Xinjiang researcher Adrian Zenz. That is far higher than the rate of 33 per 100,000 people for the rest of the country.
  • And while the use of IUD birth control devices dropped in China between 2016 and 2018, Zenz quoted documents showing in Xinjiang it rose to 963 per 100,000 people.
  • "If you lifted the birth restrictions universally, they'd lose their justification for tightening birth control policies against specific sectors of Chinese society that they dislike," said Carl Minzner, professor of law at Fordham University.
  • Experts said Beijing would be reluctant to find new roles for the tens of thousands of people employed by the government to oversee the country's massive family planning policy.
  • At the same time, removing the limits would abolish one of the many ways in the Chinese government can monitor its population, Byler said, forcing Beijing to find another reason to carry out intimate domestic surveillance.
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Opinion: What happens next in Congress will determine future of country, writes Bernie ... - 0 views

  • In this pivotal moment in American history, Democrats in the US House of Representatives and US Senate, working with the White House, have proposed several pieces of legislation which can strengthen working families, protect the planet and save American democracy from right-wing extremism.
  • We can create millions of good paying union jobs rebuilding our crumbling roads, bridges, water systems and constructing the millions of units of affordable housing we desperately need. We can also end starvation wages in America by raising the federal minimum wage to $15 an hour. At a time when real wages for American workers have been stagnant for decades, these actions will be a major step forward in improving the standard of living of a declining middle class.
  • Further, we can create millions more jobs by taking the global leadership in combating climate change -- the existential threat to our planet -- and transforming our energy system away from fossil fuels.
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  • By extending the child tax credit, we can cut childhood poverty nearly in half and end the international embarrassment of the US having one of the highest rates of childhood poverty in the industrialized world.Read More
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Lebanon: 'mafias' and 'militias' run the country, activists and journalist say - CNN - 0 views

  • Lebanon is facing economic collapse. Since late 2019, the country's currency has lost over 90% of its value, and people's life savings are locked up in banks that have imposed discretionary capital controls. The financial meltdown has pushed half of Lebanon's population below the poverty line, according to the
  • Political turmoil has exacerbated the crisis. The government resigned after hundreds of tons of ammonium nitrate -- neglected and mismanaged for years by Beirut port officials -- exploded, leaving more than 200 people dead and thousands more injured. The heart of the city still stands disfigured with countless buildings damaged and destroyed.
  • The latest political dispute is between Prime Minister-designate Saad Hariri and President Michel Aoun. Hariri has promised, once he finally has a government in place, to stop Lebanon's collapse and restart negotiations with the International Monetary Fund (IMF) over a desperately needed bailout.
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  • According to Transparency International's Corruption Perception Index, Lebanon ranks 149 out of 180 countries, indicating high corruption levels. And the World Bank has blamed the economic depression on a "deliberate lack of effective policy action by authorities," according to its fall 2020 report.
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Opinion | Were My Criticisms of Israel Fair? - The New York Times - 0 views

  • When I wrote a couple of columns criticizing Israel as well as Hamas over the recent Gaza war, I had pushback from readers who asked: So what would you have Israel do?
  • “How should, in fact, Israel respond when Hamas launches thousands of rockets?” Ryan asked. On my Facebook page, Joel put it this way: “Mr. Kristof, what do you recommend that Israel do in response to rocket attacks? What would the American response be to repeated rocket attacks from Mexico or Canada on American cities?”
  • We probably would not turn the other cheek: When the Mexican revolutionary leader Pancho Villa attacked a New Mexico town in 1916, the United States sent 6,000 troops into Mexico (albeit after getting Mexico’s permission). And in response to the 9/11 attacks, America invaded both Afghanistan and Iraq.
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  • More to the point, though, the question of how the U.S. would respond reflects a myopia about the origins of Hamas shelling.
  • Israeli officials did not wake up one bright morning to find thousands of rockets raining down,” notes Sari Bashi, an Israeli human rights lawyer. “Israeli security forces, led by a prime minister desperate to stay in power to avoid jail on corruption charges, created a provocation by using violence and the threat of violence against Palestinians in Jerusalem. They stormed a sensitive religious site, used excessive force against demonstrators and threatened to forcibly transfer Palestinian families from their homes as part of an official policy to ‘Judaize’ occupied East Jerusalem, which is a war crime.”
  • So the question of how the United States would respond if Canada started shelling Seattle seems misplaced. After all, Israel deliberately nurtured Hamas in the first place (to create a rival to existing Palestinian groups), and the United Nations and most experts consider Israel to be occupying Gaza (because Israel controls it, even though it withdrew in 2005).
  • Similarly, the Irish Republican Army, with support from some in Ireland and the United States, bombed Britain’s Parliament, Harrods department store and the Conservative Party Conference, along with innumerable other targets. Yet Prime Minister Margaret Thatcher did not bomb Dublin or Boston, nor did she bulldoze the offices of Sinn Fein, the I.R.A.’s political wing.
  • In 2018, ETA announced it was disbanding, adding “we are truly sorry” for violence that claimed 800 lives. In Northern Ireland, where the conflict initially seemed even more intractable than the disputes in the Middle East do today, a negotiated peace was reached with the Good Friday accords of 1998.
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Activists seek political power months after the murder of George Floyd - CNNPolitics - 0 views

shared by anonymous on 06 Jun 21 - No Cached
  • Carter was one of many activists protesting in the wake of Floyd's murder in Minneapolis at the hands of police. And now a year later, Floyd's death is a big part of the reason why many activists are running for local office across the country.
  • Carter decided to run for mayor in Sandy Springs, Georgia, after he said he grew emotionally exhausted from attending what felt like unending protests for Black people killed during police encounters and other racists attacks.
  • Videos capturing the killings of Ahmaud Arbery, a Black man shot and killed while running in a Georgia neighborhood, and George Floyd gave him something to point out the inequalities Carter knew, but perhaps others hadn't seen.
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  • For Carter, it's about more than just social justice movements. He believes his city's leadership, especially the executive office, should reflect the population.
  • For Carter and other activists-turned-political candidates, making the decision to run felt like an actionable step after a year of such frustration and anger.
  • Tate took on criminal justice reform years before protests for Floyd took over streets across the country.
  • He created a name for himself while leading marches and protests following the deaths of Floyd and Breonna Taylor, a Black woman shot and killed by police in Louisville, Kentucky.
  • LaTonya Tate is not new to the fight to make the justice system more just. As a Black woman in the South and part of a family with a history of activism, it has been ever-present. And as a retired parole officer, she knows a good deal about the justice system and its failures.
  • She believes she can lead desperately needed and uncomfortable conversations if she is elected to the city council in Birmingham, Alabama.
  • Ossé is running for a seat on the city council representing his district in Brooklyn, New York. If elected, he would become one of the youngest, and one of the first self-described queer city council members in New York City.
  • Tate is advocating for community policing. She believes in reallocating funds from police to invest in the community with mental health training, health care, education, youth programs and social services.
  • Francois Alexandre believes that a community policing role is crucial for accountability. It's what he'd like to change when it comes to law enforcement in his district in Miami if he wins a seat on the Miami City Commission.
  • Charlotte, North Carolina City Council member Braxton Winston knows the path these activists are taking well. He was the subject of an iconic photo depicting the tension between police and protesters after an officer shot and killed Keith Scott, a Black Charlotte resident in 2016.
  • Winston's gained victories to defund chemical agents for crowd control, which he says led to a broader conversation about the overall role of government in ensuring public safety. He says he has learned that support and political will are essential and in ways he is not set up to succeed.
  • The Black Voters Matter organization, which aims to increase power in the black community through voter outreach and advocacy, says efforts are underway to engage black voters and to build voting power.
  • In June, the organization plans to launch a bus campaign to engage Black voters while commemorating the 60th anniversary of the Freedom Rides movement, bus tours taken by civil rights activists in the '60s to fight segregation in the South.
  • Carter hopes this can be a moment where the country looks deep into its soul and reckons with its past.
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Opinion | Republicans, Don't Ignore the Evidence on 'Labor Shortages' - The New York Times - 0 views

  • Talk of labor shortages is everywhere. That is to say, many economic commentators and policymakers have been bemoaning the supposedly alarming reports of a lack of workers to fill the jobs vital to the ongoing economic recovery. But there is always a chorus of employers complaining they can’t find the workers they need. We have to look beyond anecdotal reports to fully understand the data.
  • As we sift through the latest jobs report, which showed the economy gained 559,000 jobs in May, three key findings rise to the surface.
  • This is also true today. Wage growth decelerated in May in most sectors. And in the vast majority of sectors, wages are growing solidly but not fast enough to raise concern about damaging labor shortages, given that job growth is also strong. Further, we still have 7.6 million fewer jobs than we did before Covid and there are large employment gaps in virtually all industries and demographic groups
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  • Nevertheless, many commentators have ignored this evidence. They conclude not only that there are widespread shortages, but that the culprit is pandemic unemployment insurance benefits. Governors in 25 Republican-led states have now said they will no longer accept federal unemployment benefits. This will cut aid to nearly four million impacted workers, despite the absence of compelling evidence that jobless benefits are causing problems in the labor market. Instead, we have considerable evidence that it is helpful.
  • But employers of low-wage workers typically have a great deal of power to suppress wages. Out of desperation, these workers often have no choice but to take any job no matter how bad the wages, unsafe the labor, or chaotic the schedule as they try to cobble together child care or elder care. Unemployment insurance isn’t keeping people out of the labor market en masse right now. But, when expanded benefits mean some individuals don’t feel the same pressure to accept a terrible job, that is what economists would call efficiency enhancing.
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Opinion | 100 Days of Big, Bold, Partisan Change - The New York Times - 0 views

  • I intended to duly fulfill my duty as a political columnist and write about the first 100 days of Joe Biden’s presidency
  • But as I talked to Senate Democrats about the past few months, I kept hearing a note of regret. Not about their agenda, or the bills they had passed or the nominations they had cleared. They were proud of all that. What saddened them was that their accomplishments, both past and prospective, depended on partisan strategies — party-line votes, the budget reconciliation process and, potentially, filibuster reform.
  • “The 2017 tax cut bill didn’t get a single Democratic vote in the House and Senate,” Senator Ron Wyden told me, disbelief in his voice. “You really have to work at it to not get a single Democratic vote for tax cuts. Everybody likes dessert!”
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  • The filibuster is believed — wrongly, in my view — to promote bipartisanship, and so it maintains a symbolic appeal for those who wish for a more bipartisan Senate. “There is no circumstance in which I will vote to eliminate or weaken the filibuster,” Senator Joe Manchin wrote in The Washington Post. “The time has come to end these political games, and to usher a new era of bipartisanship.”
  • But even senators who’ve reluctantly come to the conclusion that the rules do need to change, like Klobuchar, are caught between reform and regret. And so I want to pose an argument that will clash with the catechisms of American politics: Bipartisan governance isn’t innately better than partisan governance. In fact, it’s often worse.
  • But put that aside. Let’s make this easier for bipartisanship and imagine the only condition that needs to be fulfilled is that both parties think a bill is a good idea.
  • Virtually the entire Republican Party signed a pledge to oppose any and all tax increases, so a truly bipartisan approach would mean taxes were simply off the table for policymaking. That would plainly be absurd. But even where more reasonable compromise is possible, problems abound.
  • They are considering ideas they actually think are right for the country — and popular with voters — as opposed to the narrow set of ideas Republicans might support. The question they will face in the coming months is whether they want to embrace partisan legislating, repeatedly using budget reconciliation and even ridding the Senate of the filibuster, or abandon their agenda and leave the rest of the country’s problems unsolved.
  • Think of the major partisan bills of the past few decades. Liberals loathed the Bush tax cuts and Medicare Part D, and promises of repeal were constant.
  • Similarly, Republicans professed themselves desperate to repeal the Affordable Care Act, but when they took power, it turned out they didn’t have 50 Senate votes to do anything but defang the individual mandate.
  • President Donald Trump then reversed that order, and then President Biden reversed Trump’s reversal. If the Dream Act — which passed the House and got 55 Senate votes — had been made law in 2010, I think it would have had a better shot at surviving the Trump era intact.
  • We are a divided country, but one way we could become less divided is for the consequences of elections to be clearer. When legislation is so hard to pass, politics becomes a battle over identity rather than a battle over policy. Don’t get me wrong: Fights over policy can be angry, even vicious.
  • This whole debate is peculiarly American. In parliamentary systems, the job of the majority party, or majority coalition, is to govern, and the job of the opposition party is to oppose. Cooperation can and does occur, but there’s nothing unusual or regrettable when it doesn’t, and government does not grind to a halt in its absence.
  • The other argument for bipartisanship is that bipartisan policy is more stable — you avoid, for example, the Republicans’ 10-year war to repeal Obamacare, or the Democratic Party’s long fight against the Bush tax cuts. This is a fear Senator Jon Tester voiced to me when we appeared together on “Real Time With Bill Maher” in February. If you get rid of the filibuster and embrace partisan lawmaking, he said, “every time Congress changes hands, what you did two years ago will be repealed and you’ll go in a different direction.”
  • It will surprise no one to hear that I think Democrats should get rid of the filibuster. But it’s not because I believe Democrats necessarily have the right answers for what ails America. It’s because I believe the right answers are likelier to be found if one party, and then the other, can try its hand at solving America’s problems.
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Brazil Needs Coronavirus Vaccines. China Is Benefiting. - The New York Times - 0 views

  • China is a major supplier of coronavirus vaccine, giving it enormous leverage in pandemic-ravaged nations. Brazil, recently hostile to the Chinese company Huawei, has suddenly changed its stance.
  • The Trump administration had been warning allies across the globe to shun Huawei, the Chinese telecommunications giant, denouncing the company as a dangerous extension of China’s surveillance system.
  • With Covid-19 deaths rising to their highest levels yet, and a dangerous new virus variant stalking Brazil, the nation’s communications minister went to Beijing in February, met with Huawei executives at their headquarters and made a very unusual request of a telecommunication company.
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  • China spent months batting away resentment and distrust as the place where the pandemic began, but in recent weeks its diplomats, pharmaceutical executives and other power brokers have been fielding scores of requests for vaccines from desperate officials in Latin America, where the pandemic is taking a devastating toll that grows by the day.
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Devastation from Storms Fuels Migration in Honduras - The New York Times - 0 views

  • Children pry at the dirt with sticks, trying to dig out parts of homes that have sunk below ground. Their parents, unable to feed them, scavenge the rubble for remnants of roofs to sell for scrap metal.
  • People have long left Honduras for the United States, fleeing gang violence, economic misery and the indifference of a government run by a president accused of ties to drug traffickers.
  • Then last fall, two hurricanes hit impoverished areas of Honduras in rapid succession, striking more than four million people across the nation — nearly half the population — and leveling entire neighborhoods.
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  • “People aren’t migrating; they’re fleeing,” said César Ramos, of the Mennonite Social Action Commission, a group providing aid to people affected by the storms. “These people have lost everything, even their hope.”
  • But last month, apprehensions at the southwest border of the United States hit a 15-year high, part of a sharp uptick since Mr. Biden took office.
  • The majority of families and unaccompanied children are coming from Honduras and Guatemala, the two countries hit hardest by the hurricanes — a sign that the president’s more welcoming policies on immigration have drawn people at a time when they are especially desperate to leave.
  • Still, Mr. Biden has sent a clear message to anyone considering crossing the border in the meantime: “Don’t come over,” Mr. Biden said in a recent interview.
  • Mexico has begged the Biden administration to send more disaster relief aid to Central America. Mr. Biden has contended that under former President Trump, “instead of going down and helping in a major way” after the disasters, “we did nothing.”
  • “We need to be aggressively addressing the levels of despair that the folks hit by these storms are facing,” said Dan Restrepo, a former top adviser to President Obama. “We need to go big now and we need to be loud about it, because that starts actually factoring into the calculus that people face today, which is, ‘Can I survive here or not?’”
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How Index Funds May Hurt the Economy - The Atlantic - 0 views

  • Thanks to their ultralow fees and stellar long-term performance, these investment vehicles have soaked up more and more money since being developed by Vanguard’s Jack Bogle in the 1970s
  • as of 2016, investors worldwide were pulling more than $300 billion a year out of actively managed funds and pushing more than $500 billion a year into index funds. Some $11 trillion is now invested in index funds, up from $2 trillion a decade ago. And as of 2019, more money is invested in passive funds than in active funds in the United States.
  • Indexing has also gone small, very small. Although many financial institutions offer index funds to their clients, the Big Three control 80 or 90 percent of the market. The Harvard Law professor John Coates has argued that in the near future, just 12 management professionals—meaning a dozen people, not a dozen management committees or firms, mind you—will likely have “practical power over the majority of U.S. public companies.”
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  • Indexing has gone big, very big. For nine in 10 companies on the S&P 500, their largest single shareholder is one of the Big Three. For many, the big indexers control 20 percent or more of their shares. Index funds now control 20 to 30 percent of the American equities market, if not more.
  • The problem is that the public markets have been cornered by a group of investment managers small enough to fit at a lunch counter, dedicated to quiescence and inertia.
  • Passively managed investment options do not just outperform actively managed ones in terms of both better returns and lower fees. They eat their lunch.
  • Let’s imagine that a decade ago you invested $100 in an index fund charging a 0.04 percent fee and $100 in a traditional mutual fund charging a 1.5 percent fee. Let’s also imagine that the index fund tracked the S&P 500, and that the mutual fund ended up returning what the S&P 500 returned. Your passively invested $100 would have turned into $356.66 in 10 years. Your traditionally invested $100 would have turned into $313.37.
  • Actively managed investment options could make up for their higher fees with higher returns. And some do, some of the time. Yet scores of industry and academic studies stretching over decades show that trying to beat the market tends to result in lower returns than just buying the market. Only a quarter of actively managed mutual funds exceeded the returns of their passively managed cousins in the decade leading up to 2019,
  • What might be good for retail investors might not be good for the financial markets, public companies, or the American economy writ large, and the passive revolution’s scope has raised all sorts of hand-wringing and red-flagging. Analysts at Bernstein have called passive investing “worse than Marxism.” The investor Michael Burry, of The Big Short fame, has called it a “bubble,” and a co-head of Goldman Sachs’s investment-management division has warned about froth too. Shortly before his death in 2019, Bogle himself warned that index funds’ dominance might not “serve the national interest.”
  • One primary concern comes from the analysts at Bernstein: “A supposedly capitalist economy where the only investment is passive is worse than either a centrally planned economy or an economy with active, market-led capital management.”
  • Active managers direct investment dollars to companies on the basis of those companies’ research-and-development prospects, human capital, regulatory outlook, and so on. They take new information and price it into a company’s stock when buying and selling shares.
  • Passive investors, by contrast, ignore annual reports and market rumors. They do nothing with trading-floor gossip. They make no attempt to research what to invest in and what to skip. Whether holding international or domestic assets, holding stocks or bonds, or using a mutual-fund structure or an ETF structure, they just mirror the market. Big U.S.-stock index funds buy big U.S. stocks just because they’re big U.S. stocks.
  • At least in a Soviet-type centrally planned economy, apparatchiks would be making some attempt to allocate resources efficiently.
  • Passive management is merely a giant phenomenon, not an all-encompassing one. Hundreds of actively managed mutual funds are still out there, as are legions of day traders, hedge funds, and private offices buying and selling and buying and selling. Stock prices still move around, sometimes dramatically, on the basis of new data and new ideas.
  • Still, passive investing may well be degrading the informational content of the markets, messing up price signals and making business decisions harder as a result.
  • When one of these commodities ends up on an index, the firms that use that commodity in their business see a 6 percent increase in costs and a 40 percent decrease in operating profits, relative to firms without exposure to the commodity, the academics found
  • Their theory is that ETF trading shifts prices in subtle ways, making it harder for businesses to know when to buy their gold and copper. Corporate executives “are being influenced by what happens in the futures market, and what happens in the futures market is being influenced by ETF trading,”
  • More broadly, the Bernstein analysts, among others, worry that index-linked investing is increasing correlation, whereby the prices of stocks, bonds, and other assets move up or down or sideways together.
  • the price fluctuations of a newly indexed stock “magically and quickly” change. A firm’s shares begin to move “more closely with its 499 new neighbors and less closely with the rest of the market. It is as if it has joined a new school of fish.”
  • A far bigger concern is that the rise of the indexers might be making American firms less competitive, through “common ownership,” in which the mega-asset managers control large stakes in multiple competitors in the same industry. The passive firms control big chunks of the airlines American, Delta, JetBlue, Southwest, and United, for instance
  • The rise of common ownership might be perverting corporate behavior in weird ways, academics argue. Think about the incentives like this: Let’s imagine that you are a major shareholder in a public widget company. We’d expect you to desire—insist, even—that the company fight for market share and profits. But now imagine that you are a major shareholder in all the important widget companies. You would no longer really care which one succeeded, particularly not if one company doing better meant another company doing worse. You’d just care about the widget sector’s corporate profits, which would go up if the widget companies quit competing with one another and started raising prices to pad their bottom line.
  • one major paper showed that common ownership of airline stocks had the effect of raising ticket prices by 3 to 7 percent.
  • A separate study showed that consumers are paying higher prices for prescription medicines because generic-drug makers have less incentive to compete with the companies making name-brand drugs.
  • Yet another study showed that common ownership is leading retail banks to charge higher prices.
  • Across firms, executive compensation seems to be more closely linked to a company’s performance when its shareholders are not invested in the company’s rivals, the study found. In other words, firms stop paying managers for performance when owned by the same people who own their rivals.
  • The market clout of the indexers raises other questions too. The actual owners of the stocks—not the index-fund managers but the people putting money into index funds—have little say over the companies they own. Vanguard, Fidelity, and State Street, not Mom and Dad, vote in shareholder elections
  • In fact, the Big Three cast roughly 25 percent of the votes in S&P 500 companies.
  • In an interview with The Wall Street Journal, the chief executive officer of State Street said he thought it was “almost inevitable, when you see this kind of concentration, that it probably will make sense to do something about it.”
  • But figuring out what the appropriate restrictions are depends on determining just what the problem with the indexers is—are they distorting price signals, raising the cost of consumer goods, posing financial systemic risk, or do they just have the market cornered? Then, what to do about it? Common ownership is not a problem the government is used to handling.
  • , thanks to the passive revolution, a broad variety and huge number of firms might have less incentive to compete. The effect on the real economy might look a lot like that of rising corporate concentration. And the two phenomena might be catalyzing one another, as index investing increases the number of mergers and makes them more lucrative.
  • In recent decades, the whole economy has gone on autopilot. Index-fund investment is hyperconcentrated. So is online retail. So are pharmaceuticals. So is broadband. Name an industry, and it is likely dominated by a handful of giant players. That has led to all sorts of deleterious downstream effects: suppressing workers’ wages, raising consumer prices, stifling innovation, stoking inequality, and suffocating business creation
  • The problem is not just the indexers. It is the public markets they reflect, where more chaos, more speculation, more risk, more innovation, and more competition are desperately needed.
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'Clear the Capitol': Pence plea amid riot retold in dramatic Pentagon document | US Cap... - 0 views

  • Two hours after the Capitol was breached, as supporters of Donald Trump pummelled police and vandalised the building, Vice-President Mike Pence tried to assert control. In an urgent phone call to the acting defense secretary, he issued a startling demand.“Clear the Capitol,” Pence said.The Senate majority leader, Chuck Schumer, and House speaker, Nancy Pelosi, were making a similarly desperate appeal, asking the army to deploy the national guard.“We need help,” Schumer said, more than an hour after the Senate chamber had been breached.At the Pentagon, officials were discussing reports that state capitals were facing violence in what had the makings of a national insurrection.“We must establish order,” said Gen Mark Milley, chairman of the joint chiefs of staff, in a call with Pentagon leaders. But order would not be restored for hours.
  • The Pentagon document was obtained by the Associated Press. It adds another layer of understanding about the fear and panic while the insurrection played out, lays bare the inaction by Trump, and shows how his refusal to call off his supporters contributed to a slowed response by the military and law enforcement.
  • With Trump not engaged, it fell to Pentagon officials, a handful of senior White House aides, the leaders of Congress and Pence, holed up in a secure bunker, to attempt to manage the chaos.
  • ...6 more annotations...
  • Any minute that we lost, I need to know why,” Senator Amy Klobuchar, chair of the Senate rules committee, which is investigating the siege, said last month.The Pentagon document provides a timeline that fills in some gaps.
  • Sund asked for at least 200 guard members “and more if they are available”. But no help was immediately on the way. The Pentagon document details nearly two hours of confusion and chaos as officials attempted to work out a response.
  • Trump broke his silence at 4.17pm, tweeting that his followers should “go
  • home and go in peace”. By about 4.30pm, the military plan was finalized.
  • At about 4.40pm, Pelosi and Schumer were again on the phone with Gen Milley and Pentagon leaders. The congressional leadership “accuse[d] the national security apparatus of knowing that protesters planned to conduct an assault on the Capitol”, the Pentagon timeline says.
  • The call lasted 30 minutes, including a discussion of intelligence failures. It would be another hour before the first 155 national guard members arrived. Dressed in riot gear, they started moving out the rioters. There were few if any arrests.
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