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katyshannon

Iran could decide fate of first global oil deal for 15 years | Reuters - 0 views

  • The fate of the first global oil deal in 15 years could be decided on Wednesday when OPEC members travel to Iran to persuade the country to participate in a deal to freeze output levels, possibly by offering Tehran special terms.
  • Dominant OPEC power Saudi Arabia and non-OPEC Russia, the world's top two producers and exporters, agreed on Tuesday to freeze production levels but said the deal was contingent on others joining in - a major sticking point with Iran absent from the talks and determined to raise production.
  • OPEC member Iran, Saudi Arabia's regional arch rival, has pledged to steeply increase output in the coming months as it looks to regain market share lost after years of international sanctions, which were lifted in January following a deal with world powers over its nuclear programme.
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  • OPEC members Qatar, Venezuela and Kuwait said they were also ready to freeze output and oil sources in Iraq - the world's fastest-growing producer in the past year - said Baghdad would abide by a global deal aimed at tackling a growing oversupply and helping prices recover from their lowest in over a decade.
  • Benchmark Brent oil prices fell 2 percent on Tuesday to below $33 per barrel on concerns that Iran may reject the deal and that even if Tehran agreed it would not help ease the growing global glut.
  • The fact that output from Saudi Arabia and Russia is near record highs complicates any agreement since Iran is producing at least 1 million barrels per day below its capacity and pre-sanctions levels.
  • However, two non-Iranian sources close to OPEC discussions told Reuters that Iran may be offered special terms as part of the output freeze deal. "Iran is returning to the market and needs to be given a special chance but it also needs to make some calculations," said one source. The sources did not elaborate on the special terms, which technically could be anything from setting limited production increase levels for Iran to linking future output rises to a recovery in oil prices.
  • The last global deal - OPEC and non-OPEC - dates back to 2001 when Saudi Arabia persuaded Mexico, Norway and Russia to contribute to production cuts, although Moscow never followed through and raised exports instead.
johnsonma23

Why Ethiopia is making a historic 'master plan' U-turn - BBC News - 0 views

  • A controversial plan by the Ethiopian government to expand the capital, Addis Ababa, is set to be scrapped after a key member of the ruling coalition withdrew its support.
  • Rights groups say that at least 150 protesters have died and another 5,000 have been arrested by security forces. Similar protests in May 2014 left dozens of protesters dead.
  • Prime Minister Hailemariam Desalegn had vowed on 16 December that his government would be "merciless" towards the protesters, who he described as "anti-peace forces".
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  • It is unclear what impact the move will have on the economy, which is one of the fastest growing in Africa.
  • Despite the impressive development, Ethiopia is ranked 173 out of the 187 nations surveyed in the last UN Human Development Index and has high poverty indexes, mainly related to the rising population.
  • The Oromo, who constitute about 40% of Ethiopia's 100 million inhabitants, frequently complain that the government is dominated by the Tigray and Amhara who hail from north of the capital.
  • Any form of development the world over is going to upset someone, and the Ethiopian authorities have always said they would consult communities before bulldozing ahead.
  • Why Ethiopia is making a historic ‘master plan’ U-turn
  • The country's political stability is fragile and it faces numerous domestic and international disputes.
  • Ethiopia has up to 10 domestic armed rebellions,
  • long-standing rebel activity in the south-eastern state of Somali,
  • Besides the border dispute with Eritrea, which sparked a 1999-2000 war, the country shares volatile borders with Somalia and South Sudan.
  • Most of Ethiopia's population is based in the rural areas and engaged in subsistence farming.
  • While shelving the plan would be a major retreat for the government, it is a sign of political maturity of the EPRDF, which has consistently been accused by rights groups of being heavy-handed towards dissent since coming to power in 1991.
sgardner35

Opinion: Both parties must lead on immigration - CNN.com - 0 views

  • President Obama won re-election thanks in part to a 52-percentage-point spread among Latino voters, the nation's fastest-growing electorate, according to election eve polling. In the America coming over the horizon, it is practically impossible to overcome such a number and win the race for president.According to the polling by Latino Decisions, Hispanic voters nationally and across every battleground state swung heavily to Democrats.
  • Nationwide, the margin was 75% to 23%. And there were remarkable spreads in the tightest of swing states: 87% to 10% in Colorado, 82% to 17% in Ohio, 66% to 31% in Virginia. (CNN's own poll showed a smaller but still significant spread nationwide -- 71% to 21% -- and in the swing states).
  • law enforcement and business leaders have worked with immigrant leaders across the political spectrum to forge a new consensus on immigrants and America.
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  • And job creators, people who own businesses, are yearning for common-sense reforms too. We know we need to find a solution when Larry Wooten, president of the North Carolina Farm Bureau, says, "The longer national political leaders ignore the issue or use it as a political wedge, the more our farmers suffer because they cannot find a sufficient labor pool to harvest their crops."
  • When it comes to crafting a 21st century immigration process, Bibles, badges and business are ready to work with both Democrats and Republicans to reach a consensus.Americans are ready for a just immigration system that treats all people with dignity and respect. Our leaders in Washington -- of both parties -- can and must deliver.
Javier E

Goodbye, trolley problem. This is Silicon Valley's new ethics test. - The Washington Post - 0 views

  • In the 1980s, when finance fell off the moral bandwagon, business schools reacted by requiring students to take courses on Kant and other philosophers that had little to do with daily management worries. The field is becoming irrelevant now, when the dominant industry — technology — is decentralized and able to grow $40 billion companies in just 18 months.
  • Marijuana and other legal cannibinoids have sucked up nearly $1 billion in private investment dollars since 2012, raising the question: What kind of dopamine hits aren’t we comfortable with?
  • Addiction has become another ethical landmine where dopamine hits — and how one administers them — are the key to a company’s growth. E-cigarette maker Juul Labs, founded in 2017 and now the fastest growing start-up in history, with a valuation of $38 billion, is largely responsible for a grave new statistic: about 20 percent of teens have admitted to vaping in school.
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  • Juul is the logical extension of the Silicon Valley growth-hacking playbook: Design a flawless product, add a dopamine response, stir in some influencers and watch your product, game or app go viral.
  • Consider the outcry last week when TechCrunch reported that Facebook had been paying people (including teens) $20 a month to download an app that monitors a user’s mobile and web activity. Apple, long a privacy advocate and favored troll of Facebook, reacted swiftly by cutting off “Facebook Research” and the company’s internal apps. Tech Twitter, however, seemed largely perplexed: In the future, won’t we all sell our data rather than give it away for free?
  • If Silicon Valley was once converging on a moral cohesion of sorts — where progressive values and wokemanship acted as a loose ethical framework — it’s now becoming harder to avoid the varying ethical debates concerning privacy, addiction and growing geopolitical discord.
  • For the virtuous founders avoiding addictive products and invasive data-gathering, even they have to worry about who’s getting on their equity ownership table.
  • founders have to wonder whether that seemingly diverse venture capital fund is backed by regimes where women, minorities and dissidents are killed for expressing themselves.
  • of course, the morality of a company often depends on the morality of the people in charge
Javier E

The climate crisis is our third world war. It needs a bold response | Joseph Stiglitz |... - 0 views

  • Advocates of the Green New Deal say there is great urgency in dealing with the climate crisis and highlight the scale and scope of what is required to combat it. They are right
  • An even better analogy would be the country’s mobilization to fight World War II.
  • Critics ask, “Can we afford it?” and complain that Green New Deal proponents confound the fight to preserve the planet, to which all right-minded individuals should agree, with a more controversial agenda for societal transformation. On both accounts the critics are wrong.
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  • The climate emergency is our third world war. Our lives and civilization as we know it are at stake, just as they were in the second world war.
  • When the US was attacked during the second world war no one asked, “Can we afford to fight the war?” It was an existential matter. We could not afford not to fight it. The same goes for the climate crisis.
  • We will pay for climate breakdown one way or another, so it makes sense to spend money now to reduce emissions rather than wait until later to pay a lot more for the consequences – not just from weather but also from rising sea levels. It’s a cliche, but it’s true: an ounce of prevention is worth a pound of cure.
  • The war on the climate emergency, if correctly waged, would actually be good for the economy – just as the second world war set the stage for America’s golden economic era , with the fastest rate of growth in its history amidst shared prosperity
  • The Green New Deal would stimulate demand, ensuring that all available resources were used; and the transition to the green economy would likely usher in a new boom.
  • The biggest challenge will be marshalling the resources for the Green New Deal. In spite of the low “headline” unemployment rate, the United States has large amounts of under-used and inefficiently allocated resources.
  • The ratio of employed people to those of working age in the US is still low, lower than in our past, lower than in many other countries, and especially low for women and minorities
  • Together with better education and health policies and more investment in infrastructure and technology – true supply side policies – the productive capacity of the economy could increase, providing some of the resources the economy needs to fight and adapt to the climate breakdown.
  • Almost surely, however, there will have to be a redeployment of resources to fight this war just as with the second world war, when bringing women into the labor force expanded productive capacity but it did not suffice.
  • America is lucky: we have such a poorly designed tax system that’s regressive and rife with loopholes that it would be easy to raise more money at the same time that we increase economic efficiency. Taxing dirty industries, ensuring that capital pays at least as high a tax rate as those who work for a living, and closing tax loopholes would provide trillions of dollars to the government over the next 10 years, money that could be spent on fighting the climate emergency.
  • the creation of a national Green Bank would provide funding to the private sector for climate breakdown – to homeowners who want to make the high-return investments in insulation that enables them to wage their own battle against the climate crisis, or businesses that want to retrofit their plants and headquarters for the green economy
malonema1

Rare trifecta of soaring stocks, cheap loans and low inflation coming to an end - The W... - 0 views

  • For most of the past decade, as the U.S. economy marched through the second-longest expansion in its history, Americans enjoyed a rare trifecta: soaring stock values, cheap loans and consumer prices that rarely rose.
  • But suddenly, the good fortune is melting away, imperiling the props that have supported American economic confidence and incomes and intensifying pressure on President Trump to deliver the faster growth and higher wages he has promised.
  • Consumer prices by a key measure are rising at their fastest point in seven years, with mass consumer companies such as McDonald’s and Amazon.com increasing prices on some of their popular offerings. Mortgages and business loans are becoming more expensive. And after peaking in late January, the Dow Jones industrial average is now roughly flat on the year.
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  • From its March 2009 low to its peak in late January, the Dow roughly quadrupled, making millions of Americans wealthier. But now as bonds begin offering investors a better rate of return without the risk of losses that stockholders face, stocks’ performance is down. Higher interest rates will also push up corporate borrowing costs and erode profits, another negative for stocks. Already, investors in four of the past five weeks pulled money from mutual funds investing in domestic stocks and added to their bond funds, according to the Investment Company Institute, an industry group.
  • But today’s rising borrowing costs will hit an economy loaded with debt, meaning that people and businesses will have to spend even more on interest payments. Corporations outside the finance industry at the end of last year owed creditors more than $49 trillion.
  • While financial conditions are tightening, they remain comparatively easy. The Fed’s benchmark interest rate, currently hovering between 1.5 percent and 1.75 percent — would need to reach 3 percent before it begins slowing the economy, William Dudley, president of the New York Federal Reserve Board, said in a recent speech.
malonema1

Pakistan Will Try to Make Trump Pay - The Atlantic - 0 views

  • Before the news cycle—and the president himself—got consumed with the new White House tell-all last week, Donald Trump made a good foreign policy decision, albeit seemingly in haste. The administration announced it was suspending security assistance to Pakistan, on the grounds that the country is continuing to arm, assist, fund, and provide sanctuary to a wide array of Islamist militant groups that are murdering U.S. troops and their allies in Afghanistan. Well-placed sources involved with calculating the relevant funds have told me that this was not a planned policy and took the other agencies, not to mention the Pakistanis, by complete surprise. Rather it was an ex post facto response to Trump’s January 1, 2018 tweet vituperatively repining that:
  • The United States has foolishly given Pakistan more than 33 billion dollars in aid over the last 15 years, and they have given us nothing but lies & deceit, thinking of our leaders as fools. They give safe haven to the terrorists we hunt in Afghanistan, with little help. No more!
  • The United States was well into the surge at this point; between NATO forces and Afghan forces, there were hundreds of thousands of troops to resupply, all of whom had relied on the routes through Pakistan. The need to find alternative routes by land and air—including through Central Asia—ended up costing the Americans about $100 million per month more than the previous arrangement. Many feared that while this worked to get supplies into Afghanistan, it would not be sufficient to get massive amounts of war materiel out of Afghanistan when the United States and NATO withdrew. Consequently, the U.S. government hoped that Pakistan would reopen the ground routes. But it turns out that weaning itself off them was not such a bad option after all.
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  • Pakistan now says the alliance is over—and good riddance. Foreign Minister Khawaja Muhammad Asif complained that “This is not how allies behave.” He is absolutely correct: U.S. allies do not take its lower and middle-class taxpayers’ hard-earned money and hand it over to enemies such as the Taliban, the Haqqani Network, and Lashkar-e-Taiba.Asif went on to offer the usual protestations that Pakistan’s military operations have cleared Pakistan of sanctuaries for these groups to hide in. But if there were such scoundrels on Pakistan’s territory, he said that if Pakistan went after them, “then the war will again be fought on our soil, which will suit the Americans.”
  • Still, Pakistan likely suspects it has the upper hand, and for good reason: It has cultivated a global fear that it is too dangerous to fail. This is why many Americans have been afraid to break ties with Pakistan and have never encouraged the International Monetary Fund and other multilateral organizations to cut off the country and let Pakistan wallow in its own mess. Pakistan believes it has effectively bribed the international community with the specter that any instability could result in terrorists getting their hands on Pakistani nuclear technology, fissile materials, or a weapon. In fact, Pakistan has stoked these fears by having the world’s fastest-growing nuclear program, including of battlefield nuclear weapons. It is conceivable that Pakistan could use funds from a future IMF bailout to service its burgeoning Chinese debt.
  • Still, one positive side effect of having an erratic head of state is that the United States now has a genuine and credible threat to act against Pakistan. America has not been in such a position since 9/11, when it used its position of leverage to coerce Pakistan to facilitate the U.S. invasion of Afghanistan. Whereas Pakistan had long comforted itself that neither Presidents Bush nor Obama would seriously alter course, due to the petting zoo of Islamist militants that Pakistan cultivated as crucial tools of foreign policy, and to its nuclear weapons, Pakistan will have to seriously consider that Trump means what he says. Since the early months of the war on terror that began in October 2001, the United States has ultimately swerved when confronted with Pakistani brinkmanship. Pakistan can’t count on that this time.
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
Javier E

Growing List of Countries Agree on Net-Zero Emissions Goal | Time - 0 views

  • As lawmakers around the world debate how best to fight climate change, one goal is rapidly becoming standard: net-zero emissions by 2050.
  • That means that greenhouse gases would be dramatically reduced — most likely by using a combination of switching from coal and gas to wind and solar, becoming more energy-efficient and putting taxes or fees on carbon — and whatever remains would be offset by planting trees or using budding technology to pull carbon dioxide out of the air.
  • two key problems remain: the worst polluters, including the United States, haven’t yet signed on, and most places still need to figure out the details of how they will reach their goal.
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  • “We are in a very dangerous position now where action could go forward or backward,” Climate Analytics CEO Bill Hare told reporters Wednesday. “The next 12 months or so will really tell.”
  • Research from Climate Analytics released in early 2015, for example, suggested that global greenhouse emissions would need to hit zero by 2100 at the latest to have a good chance of keeping temperatures from rising more than 2°C by the end of the century
  • “Ambitious plans are very good but not enough,” says Niklas Höhne, a founding partner of NewClimate Institute. “They need to be cast in stone with laws and regulation.”
  • There’s an even bigger elephant in the room: such bold climate proposals are not on the table for the world’s three biggest emitters, the U.S., China and India
  • Global emissions rose last year at the fastest rate in years thanks in large part to a spike in those countries even as emissions fell in the European Union, Japan and elsewhere.
  • Prior to Donald Trump’s election, the U.S. federal government had suggested the country could implement policies to reduce emissions 80% by 2050, which would have been a significant move in direction of a net-zero target
  • Trump has not only done away with long-term thinking to reduce the country’s emissions but targeted a slew of environmental rules for rollback. Carbon emissions rose last year more than 3% even as cities and states continued their own pushes to reduce emissions.
  • China has reversed a ban on the construction of new coal-fired power plants while India is projected to continue to grow its use of that fossil fuel. Others including Brazil and Australia are also backtracking on their climate change commitments.
Javier E

Power Up: Hot spots in the U.S. an early warning siren of climate shift - The Washingto... - 0 views

  • examined more than a century of National Oceanic and Atmospheric Administration data across the Lower 48 states: They found that major areas are nearing or have already surpassed the 2-degree Celsius number that's “emerged as a critical threshold for global warming.”
  • “The potential consequences are daunting. The United Nations Intergovernmental Panel on Climate Change warns that if Earth heats up by an average of 2 degrees Celsius, virtually all the world’s coral reefs will die; retreating ice sheets in Greenland and Antarctica could unleash massive sea level rise; and summertime Arctic sea ice, a shield against further warming, would begin to disappear.”
  • “Basically … these hot spots are chunks of the future in the present,”
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  •  “Today, more than 1 in 10 Americans — 34 million people — are living in rapidly heating regions, including New York City and Los Angeles. Seventy-one counties have already hit the 2-degree Celsius mark.”
  • Rhode Island is “the first state in the Lower 48 whose average temperature rise has eclipsed 2 degrees Celsius. Other parts of the Northeast — New Jersey, Connecticut, Maine and Massachusetts — trail close behind."
  • it is higher winter temperatures that have made New Jersey and nearby Rhode Island the fastest warming of the Lower 48 states.” 
  • “The average New Jersey temperature from December through February now exceeds 0 degrees Celsius, the temperature at which water freezes. That threshold, reached over the past three decades, has meant lakes don't freeze as often, snow melts more quickly, and insects and pests don't die as they once did in the harsher cold.”
  • "By 2030, sea level rise will flood 605 buildings six times a year, according to the Rhode Island Coastal Resources Management Council’s executive director, Grover Fugate.
Javier E

Opinion | Do You Have to Be a Jerk to Be Great? - The New York Times - 0 views

  • both men had misspent their lives.
  • They were both horrid to their wives and children. Rodin grew pathetically creepy, needy and lonely. Rilke didn’t go back home as his father was dying, nor allow his wife and child to be with him as he died. Both men lived most of their lives without intimate care
  • Their lives raise the question: Do you have to be so obsessively focused to be great? The traditional masculine answer is yes. But probably the right answer is no
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  • “Range,” by David Epstein. It’s a powerful argument that generalists perform better than specialists.
  • People who specialize in one thing succeed early, but then they slide back to mediocrity as their minds rigidify.
  • People who transition between multiple careers when they are young end up ahead over time because they can take knowledge in one domain and apply it to another.
  • A tech entrepreneur who is 50 is twice as likely to start a superstar company than one who is 30, because he or she has a broader range of experience. A survey of the fastest-growing tech start-ups found that the average age of the founder was 45.
  • For most people, creativity is precisely the ability to pursue multiple interests at once, and then bring them together in new ways
  • Furthermore, living a great life is more important than producing great work. A life devoted to one thing is a stunted life, while a pluralistic life is an abundant one
  • A better definition of success is living within the tension of multiple commitments and trying to make them mutually enhancing
  • You join communities that are different from one another. You gain wisdom by entering into different kinds of consciousness. You find freedom at the borderlands between your communities.
  • while we’re learning to preach a gospel of openness and diversity, we’re mostly not living it. In the realm of public life, many live as monads, within the small circles of one specialty, one code, no greatness.
Javier E

The Trailer: The resistance to stay-at-home orders rises from the right - The Washingto... - 0 views

  • Uncertainty and fear over the economic impact of stay-at-home orders is fueling a sort of culture war between conservatives, whose political strength now comes from rural America, right now less affected by the virus, and liberals, whose urban strongholds have been most affected by it.
  • “I feel that most of America feels the way that we do right now,” said Garrett Soldano, the founder of the Michiganders Against Excessive Quarantine Facebook group, on a Wednesday live stream for its 350,000 members. “Keeping healthy people at home is tyranny.” (According to polling, the vast majority of Americans remain nervous about reopening businesses if there is a threat of spreading infection.)
  • Resistance to the stay-at-home orders has grown fastest in Michigan, for two reasons: Whitmer has issued especially strict limits on movement and commerce, and she is increasingly being discussed as a running mate for Joe Biden
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  • One week ago, the governor restricted in-person shopping at outdoor supply stores, the use of motorboats for recreation, and most recreational travel inside the state. The state had absorbed some of the highest infection numbers and the highest job-loss numbers; all of a sudden, it had the toughest regulations on how residents could behave.
  • In multiple segments this week, Fox News host Tucker Carlson suggested Whitmer's “authoritarian” orders were designed to help her in the veepstakes. During an online “Women for Trump” event, RNC Chair Ronna McDaniel, who previously ran the party in Michigan, claimed that Whitmer had “turned this crisis into a platform to run for vice president.” At Wednesday's protest, conservatives who spoke took as given that Whitmer was angling for a bigger job and that it would backfire.
  • Whitmer's approval rating actually had surged since the start of the pandemic, with two-thirds of Michiganders approving of how she was doing her job, though no poll had been released since she ordered the new restrictions. North Carolina's Roy Cooper and Ohio's Mike DeWine, a Democrat and a Republican, had also seen big boosts to their personal popularity, right before facing protests outside their offices this week
  • “We’re to the point where the state is restricting every move we make,” said Ashley Smith, a co-founder of ReOpenNC and a participant in this week's protest in Raleigh
  • “We need to consider how we’ve behaved in every other viral outbreak. These decisions have been based on models, not actual data.”
  • uncertainty over the White House's plans, from an abandoned idea to waive restrictions by Easter to a confusing set of business advisory groups, has led to greater uncertainty about when it would be safe to work and shop again. That uncertainty has mobilized conservatives and Republicans in the states. Like the tea party protests of 2009, the “reopen” protests were heavily touted on conservative radio and Fox News, which helped fuel turnout, which then became part of the story.
  • “They want to keep us away from churches and synagogues. They want to make sure we don't go back to work,” Fox News personality Jeanine Pirro said on Wednesday. “What happened in Lansing today, God bless them: It's going to happen all over the country.
  • “It's really similar to the DNA of the tea party movement,” Brandon said. “No one I know is saying this is a sham, that the virus is fake. But I do hear small-business owners say, hey, I was forced to shut down, but my business doesn't even require me to get close to customers. And the whole idea that you can have ‘essential’ and ‘nonessential’ businesses is funny to me. Every business is essential, or else it wouldn’t exist.”
  • And while states have begun putting together plans to reopen businesses, some Republican elected officials have also started freelancing, asking whether places with few or no reports of the coronavirus could return to normal.
  • “It may be that when people go back to work that they wear a mask and gloves for some period of time, to limit the spread of disease,” Sen. Ted Cruz of Texas said yesterday.
  • The protests have been less measured. On his Wednesday live stream, Soldano talked to one quarantine skeptic who warned that the restrictions on Michigan's housing supply and gardening stores were in sync with Agenda21, a U.N. plan for sustainable development that for years has been seen on the right as a plot to restrict freedom
  • Soldano suggested that if restrictions lifted, protesters could enter “phase two” of their plan, holding rallies and campaigning to “strip not only the Michigan governor, but other governors, of the right to do this again.” There was even a push to recall Whitmer, which would require more than 1 million valid signatures collected over 60 days.
  • the multitude of Trump campaign flags, signs and merchandise led to Whitmer criticizing the rally, as a distraction from the issue it was designed to highlight: when to reopen Michigan.
  • “It wasn’t really about the stay-at-home order at all,” Whitmer said on MSNBC on Wednesday night. “It was essentially a political rally, a political statement that flies in the face of all of the science." 
Javier E

We're witnessing the reemergence of the moderate Democrat - The Washington Post - 0 views

  • On Thursday, a broad coalition called the Climate Leadership Council — backed by leading environmentalists and some of the biggest energy companies and utilities — released a plan for a carbon tax and rebate that would radically cut emissions while also leaving most people better off economically.
  • To win Republican and business support, the coalition also proposed cutting regulations that a carbon tax would make unnecessary.
Javier E

Quantifying the Coming Recession - The Atlantic - 0 views

  • we’re in a recession and everyone knows it. And what we’re experiencing is so much more than that: a black swan, a financial war, a plague
  • To quantify the present reality, we have to rely on anecdotes from businesses, surveys of workers, shreds of private data, and a few state numbers. They show an economy not in a downturn or a contraction or a soft patch, not experiencing losses or selling off or correcting. They show evaporation, disappearance on what feels like a religious scale.
  • What is happening is a shock to the American economy more sudden and severe than anyone alive has ever experienced
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  • The unemployment rate climbed to its apex of 9.9 percent 23 months after the formal start of the Great Recession. Just a few weeks into the domestic coronavirus pandemic, and just days into the imposition of emergency measures to arrest it, nearly 20 percent of workers report that they have lost hours or lost their job.
  • Absent a strong governmental response, the unemployment rate seems certain to reach heights not seen since the Great Depression or even the miserable late 1800s. A 20 percent rate is not impossible.
  • The economy is not tipping into a jobs crisis. It is exploding into one. Given the trajectory of state reports, it is certain that the country will set a record for new jobless claims next week, not only in raw numbers but also in the share of workers laid off. The total is expected to be in the range of 1.5 million to 2.5 million, and to climb from there.
  • The economy had been plodding along in its late expansion, growing at a 2 or 3 percent annual pace. Now, private forecasters expect it will contract at something like a 15 percent pace, though nobody really know
  • The markets are not normal, either. The stock market lost 20 percent of its value in just 21 days—the fastest and sharpest bear market on record, faster than 1929, faster than 1987, 10 times faster than 2007.
  • Yet in the real economy, everything has halted, frozen in place. This is not a recession. It is an ice age.
johnsonel7

SAP BrandVoice: Empowering Youth Is Key To Long Term Survival In Africa And Beyond - 0 views

  • Africa is nobody’s prize to win or lose, says Paul Kagame, President of Rwanda, who believes it is the responsibility of Africans to take charge of their own interests and develop their continent to its full potential. To do that, Africa needs strong trade relations around the globe. That’s why coming together as a region has never been more important than it is now.
  • And since Africa is the continent with the youngest, fastest growing population, it is equally important to harness the power of youth to build relations and develop potential.
  • Africave was awarded a sizable grant by the SAP CSR team which it will use to build and train a team of three fulltime staff to run the organization. Besides covering a new, lean tech stack, the grant will also be used to develop the skills of young employees who will be mentored by high achieving, well established professionals at top global organizations ranging from Goldman Sachs to Google to UNESCO. Africave’s advisors include Oprah Winfrey’s longest-serving Chief of staff, Libby Moore and it has operations in the USA and Europe working to recruit young digital talents.
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  • Creating a sustainable future is one of those problems. If you are starving, you don’t care about other social issues, like the environment, so for Ekezie and his co-founders, economic empowerment is key to long-term survival. He is keenly aware of the fact that by 2050 one third of the world’s population will reside in Africa, yet 43 percent of young Africans today are unemployed.
Javier E

How Climate Change Is Contributing to Skyrocketing Rates of Infectious Disease | Talkin... - 0 views

  • The scientists who study how diseases emerge in a changing environment knew this moment was coming. Climate change is making outbreaks of disease more common and more dangerous.
  • Over the past few decades, the number of emerging infectious diseases that spread to people — especially coronaviruses and other respiratory illnesses believed to have come from bats and birds — has skyrocketed.
  • A new emerging disease surfaces five times a year. One study estimates that more than 3,200 strains of coronaviruses already exist among bats, awaiting an opportunity to jump to people.
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  • . Roughly 60% of new pathogens come from animals — including those pressured by diversity loss — and roughly one-third of those can be directly attributed to changes in human land use, meaning deforestation, the introduction of farming, development or resource extraction in otherwise natural settings
  • Today, climate warming is demolishing those defense systems, driving a catastrophic loss in biodiversity that, when coupled with reckless deforestation and aggressive conversion of wildland for economic development, pushes farms and people closer to the wild and opens the gates for the spread of disease.
  • ignoring how climate and rapid land development were putting disease-carrying animals in a squeeze was akin to playing Russian roulette.
  • the virus is believed to have originated with the horseshoe bat, part of a genus that’s been roaming the forests of the planet for 40 million years and thrives in the remote jungles of south China, even that remains uncertain.
  • China for years and warning that swift climate and environmental change there — in both loss of biodiversity and encroachment by civilization — was going to help new viruses jump to people.
  • until now, the planet’s natural defense systems were better at fighting them off.
  • Vector-borne diseases — those carried by insects like mosquitoes and ticks and transferred in the blood of infected people — are also on the rise as warming weather and erratic precipitation vastly expand the geographic regions vulnerable to contagion.
  • Climate is even bringing old viruses back from the dead, thawing zombie contagions like the anthrax released from a frozen reindeer in 2016, which can come down from the arctic and haunt us from the past.
  • It is demonstrating in real time the enormous and undeniable power that nature has over civilization and even over its politics.
  • it also makes clear that climate policy today is indivisible from efforts to prevent new infectious outbreaks, or, as Bernstein put it, the notion that climate and health and environmental policy might not be related is “a ​dangerous delusion.”
  • The warming of the climate is one of the principal drivers of the greatest — and fastest — loss of species diversity in the history of the planet, as shifting climate patterns force species to change habitats, push them into new regions or threaten their food and water supplies
  • What’s known as biodiversity is critical because the natural variety of plants and animals lends each species greater resiliency against threat and together offers a delicately balanced safety net for natural systems
  • As diversity wanes, the balance is upset, and remaining species are both more vulnerable to human influences and, according to a landmark 2010 study in the journal Nature, more likely to pass along powerful pathogens.
  • even incremental and seemingly manageable injuries to local environments — say, the construction of a livestock farm adjacent to stressed natural forest — can add up to outsized consequences.
  • Coronaviruses like COVID-19 aren’t likely to be carried by insects — they don’t leave enough infected virus cells in the blood. But one in five other viruses transmitted from animals to people are vector-borne
  • the number of species on the planet has already dropped by 20% and that more than a million animal and plant species now face extinction.
  • Americans have been experiencing this phenomenon directly in recent years as migratory birds have become less diverse and the threat posed by West Nile encephalitis has spread. It turns out that the birds that host the disease happen to also be the tough ones that prevail amid a thinned population
  • as larger mammals suffer declines at the hands of hunters or loggers or shifting climate patterns, smaller species, including bats, rats and other rodents, are thriving, either because they are more resilient to the degraded environment or they are able to live better among people.
  • It is these small animals, the ones that manage to find food in garbage cans or build nests in the eaves of buildings, that are proving most adaptable to human interference and also happen to spread disease.
  • Warmer temperatures and higher rainfall associated with climate change — coupled with the loss of predators — are bound to make the rodent problem worse, with calamitous implications.
  • As much as weather changes can drive changes in species, so does altering the landscape for new farms and new cities. In fact, researchers attribute a full 30% of emerging contagion to what they call “land use change.”
  • only 15% of the planet’s forests remain intact. The rest have been cut down, degraded or fragmented to the point that they disrupt the natural ecosystems that depend on them.
  • Already, more than one-third of the planet’s land surface, and three-quarters of all of its fresh water, go toward the cultivation of crops and raising of livestock. These are the places where infectious diseases spread most often.
  • The U.S. Centers for Disease Control and Prevention says that fully three-quarters of all new viruses have emerged from animals
  • Almost every major epidemic we know of over the past couple of decades — SARS, COVID-19, Ebola and Nipah virus — jumped to people from wildlife enduring extreme climate and habitat strain, and still, “we’re naive to them,” she said. “That puts us in a dangerous place.”
  • A 2008 study in the journal Nature found nearly one-third of emerging infectious diseases over the past 10 years were vector-borne, and that the jumps matched unusual changes in the climate
  • Ticks and mosquitoes now thrive in places they’d never ventured before. As tropical species move northward, they are bringing dangerous pathogens with them.
  • by 2050, disease-carrying mosquitoes will ultimately reach 500 million more people than they do today, including some 55 million more Americans.
  • In 2013, dengue fever — an affliction affecting nearly 400 million people a year, but normally associated with the poorest regions of Africa — was transmitted locally in New York for the first time.
  • “The long-term risk from dengue may be much higher than COVID,
  • As the global population surges to 10 billion over the next 35 years, and the capacity to farm food is stressed further again by the warming climate, the demand for land will only get more intense.
  • it’s only a matter of time before other exotic animal-driven pathogens are driven from the forests of the global tropics to the United States or Canada or Europe because of the warming climate.
  • it will also shape how easily we get sick. According to a 2013 study in the journal PLOS Currents Influenza, warm winters were predictors of the most severe flu seasons in the following year
  • Even harsh swings from hot to cold, or sudden storms — exactly the kinds of climate-induced patterns we’re already seeing — make people more likely to get sick.
  • The chance of a flu epidemic in America’s most populated cities will increase by as much as 50% this century, and flu-related deaths in Europe could also jump by 50%.
  • Slow action on climate has made dramatic warming and large-scale environmental changes inevitable, he said, “and I think that increases in disease are going to come along with it.”
  • By late 2018, epidemiologists there were bracing for what they call “spillover,” or the failure to keep a virus locally contained as it jumped from the bats and villages of Yunnan into the wider world.
  • In late 2018, the Trump administration, as part of a sweeping effort to bring U.S. programs in China to a halt, abruptly shut down the research — and its efforts to intercept the spread of a new novel coronavirus along with it. “We got a cease and desist,” said Dennis Carroll, who founded the PREDICT program and has been instrumental in global work to address the risks from emerging viruses. By late 2019, USAID had cut the program’s global funding.
  • The loss is immense. The researchers believed they were on the cusp of a breakthrough, racing to sequence the genes of the coronaviruses they’d extracted from the horseshoe bat and to begin work on vaccines.
  • They’d campaigned for years for policymakers to fully consider what they’d learned about how land development and climate changes were driving the spread of disease, and they thought their research could literally provide governments a map to the hot spots most likely to spawn the next pandemic.
  • They also hoped the genetic material they’d collected could lead to a vaccine not just for one lethal variation of COVID, but perhaps — like a missile defense shield for the biosphere — to address a whole family of viruses at once
  • Carroll said knowledge of the virus genomes had the potential “to totally transform how we think about future biomedical interventions before there’s an emergence.
  • PREDICT’s staff and advisers have pushed the U.S. government to consider how welding public health policy with environmental and climate science could help stem the spread of contagions.
  • Since Donald Trump was elected, the group hasn’t been invited back.
  • What Daszak really wants — in addition to restored funding to continue his work — is the public and leaders to understand that it’s human behavior driving the rise in disease, just as it drives the climate crisis
  • “We turn a blind eye to the fact that our behavior is driving this,” he said. “We get cheap goods through Walmart, and then we pay for it forever through the rise in pandemics. It’s upside down.”
Javier E

Bill O'Reilly, Roger Ailes & Toxic Conservative-Celebrity Culture | National Review - 0 views

  • when we ask for fighters first, and we elevate aggression over truth and competence, we ask for exactly the kind of scandals we’ve endured.
  • the degradation to our culture far outweighs any short-term, tribal political benefit. The message sent when conservatives rally around the flag to defend the indefensible is exactly the message the Democrats sent so loudly as they continued to prop up the Clinton machine through scandal after scandal.
  • bad character sends a country to hell just as surely as bad policy does, and any movement that asks its members to defend vice in the name of advancing allegedly greater virtue is ultimately shooting itself in the foot.
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  • The cost has been a loss of integrity and, crucially, a loss of emphasis on ideas and, more important, ideals. There exists in some quarters an assumption that if you’re truly going to “fight,” then you have to be ready to get your hands dirty. You can’t be squeamish about details like truth or civility or decency. When searching for ideological gladiators, we emphasize their knifework, not their character or integrity.
  • Liberals use condescending mockery. Conservatives use righteous indignation. That’s not much of a difference.
  • What followed was a toxic culture of conservative celebrity, where the public elevated personalities more because of their pugnaciousness than anything else. Indeed, the fastest way to become the next conservative star is to “destroy” the Left, feeding the same kind of instinct that causes leftists to lap up content from John Oliver, Samantha Bee, and Stephen Colbert
  • Time and again prominent conservative personalities have failed to uphold basic standards of morality or even decency. Time and again the conservative public has rallied around them, seeking to protect their own against the wrath of a vengeful Left. Time and again the defense has proved unsustainable as the sheer weight of the facts buries the accused.
  • But this isn’t scalp-taking, it’s scalp-giving
  • here are those who say that the Left is “taking scalps,” and they have a list of Republican victims to prove their thesis. Roger Ailes is out at Fox News. Bill O’Reilly is out at Fox News. Michael Flynn is out at the White House.
clairemann

Boris Johnson Hopes Covid-19 Vaccine Success Can Inoculate Him Against Brexit Critics -... - 0 views

  • Now, Mr. Johnson’s allies hope the stark disparity between Britain’s performance and the European Union’s will do something perhaps even more challenging: vindicate their larger Brexit project.
  • Pro-Brexit politicians and commentators are casting Britain’s vaccine deployment, which ranks among the fastest in the world, as an example of risk-taking and entrepreneurial pluck that comes from not being shackled to the collective decision-making of the 27 member states of the European Union.
  • “It is the first serious test that the U.K. state has faced since Brexit,” said Matthew Goodwin, a professor of politics at the University of Kent who studies the British right. “Boris Johnson is going to have a vaccine dividend, and that will give him a who
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  • Now, though, the prime minister’s approval ratings have recovered, powered largely by the public’s enthusiasm about the vaccine rollout.
  • Sixty-seven percent of those surveyed said they thought Britain had performed better on vaccinations than E.U. countries
  • Significantly, a slight plurality of those surveyed — 40 percent — said they thought Brexit had helped improve Britain’s handling of the pandemic, while 14 percent said it had made it worse, and 38 percent thought it had made no difference.
  • But Mr. Goodwin said one consequence of the vaccine success is that there are few signs of significant numbers of people rethinking the wisdom of Brexit or suffering the acute regret — or as he called it, “Bregret” — that some expected.
  • The monthslong shutdown of much of Britain’s economy will also complicate the task of identifying the negative effects of Brexit, since they are likely to be lost in a sea of red ink.
  • “Brexit doesn’t solve those problems,” Mr. Frost added, “but it does give us means to solve them, to move on, to get a grip but also to reform our attitudes and become a country that can deal with problems again.”
leilamulveny

House Passes $1.9 Trillion Covid-19 Stimulus Package; Biden Plans to Sign Friday - WSJ - 0 views

  • The House passed a $1.9 trillion coronavirus-relief bill and sent it to President Biden for his signature, with Democrats muscling an expansive round of new spending and antipoverty measures through Congress just as America begins to emerge from a year of pandemic-related shutdowns.
  • The vote was 220 to 211, with all GOP lawmakers and one Democrat, Rep. Jared Golden of Maine, voting against the bill.
  • Major expansions to several aid programs for low-income Americans will be temporary under the bill, though Democrats hope to make them permanent later in a broader effort to expand the federal safety net
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  • raised some fresh worries about inflation and potentially overheating the economy. Republicans opposed the bill, attacking its price tag and calling many of its measures bloated or unnecessary and unrelated to the crisis.
  • Mr. Biden, Vice President Kamala Harris and key cabinet secretaries plan to spend the coming weeks traveling around the country touting the package and explaining how the public can take advantage of its benefits, White House officials said. Ms. Psaki said the White House is planning interviews with local media outlets as well as a digital strategy related to the bill.
  • Like in previous packages, the full direct payments will go to individuals making as much as $75,000 and married couples making as much as $150,000, and the $300 weekly jobless-aid supplement lawmakers approved in December will continue through Sept. 6. Federal unemployment benefits had been set to begin expiring on March 14, spurring lawmakers to quickly approve the package.
  • The additional subsidies could mean lower premium payments for almost 14 million people insured on the individual market.
  • reconciliation also enabled Democrats to move forward with measures that Republicans oppose, including $350 billion in aid for state and local governments that Republicans have assailed as a political handout in excess of the budget hardships caused by the pandemic.
  • The bill will expand the child tax credit—increasing the benefit to $3,000 per child from $2,000, with a $600 bonus for children under age 6—make it refundable, and authorize periodic payments.
  • Lawmakers are expected to push to make the expansion, set to last through 2021, permanent.
  • After a push from centrist Democrats in the Senate, lawmakers did downsize some elements of the bill. The direct payments will go to zero for individuals with incomes of $80,000 and married couples with incomes of $160,000, a faster phase-down than in previous aid packages.
  • At $21.9 trillion as of March 1, the debt is roughly the size of the nation’s entire economic output, the highest since the aftermath of World War II.
  • Economists surveyed by The Wall Street Journal expect the aid package to propel the U.S. economy to its fastest annual growth in nearly four decades, boosting employment and reducing poverty while also reviving inflation. The economists expect the economy to grow 5.95%, measured from the fourth quarter of last year to the same period this year. The bill also puts roughly $86 billion into a new program to help multiemployer pension plans. The measure would allow the Pension Benefit Guaranty Corporation to provide cash assistance to troubled multiemployer pension plans and ensure they continue paying benefits to retirees.
rerobinson03

Biden Poised to Raise Taxes on Business and the Rich - The New York Times - 0 views

  • Now, under President Biden, they have a shot at ushering in the largest federal tax increase since 1942. It could help pay for a host of spending programs that liberal economists predict would bolster the economy’s performance and repair a tax code that Democrats say encourages wealthy people to hoard assets and big companies to ship jobs and book profits overseas.
  • he package, which follows on the heels of Mr. Biden’s $1.9 trillion economic aid bill, is central to the president’s long-term plan to revitalize American workers and industry by funding bridges and roads, universal pre-K, emerging industries like advanced batteries and efforts to invigorate the fight against climate change.Mr. Biden plans to finance that spending, at least in part, with tax increases that could raise upward of $2.5 trillion in revenue if his plan hews closely to what he proposed in the 2020 presidential campaign. Aides suggest his proposals might not be entirely paid for, with some one-time spending increases offset by increased federal borrowing.
  • iberal economists say this year could be different, thanks to the unique political and economic circumstances surrounding the recovery from the pandemic recession. With Mr. Biden’s signing of a $1.9 trillion economic relief bill, financed entirely by federal borrowing, forecasters now expect the economy to grow this year at its fastest annual clip since the 1980s. Republicans and some economists have begun to warn of overheating growth spurring runaway inflation, which could reduce the salience of warnings that tax increases would cause growth to stall.
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  • Mr. Biden has pledged not to raise taxes on people earning less than $400,000.
  • “The purpose of the tax system is to both raise enough revenue for what the government wants to do, and to make sure that as we’re doing that we are encouraging activities that are in the national interest and discouraging ones that are not,” said Heather Boushey, a member of the White House’s Council of Economic Advisers.Key Democrats are trying to bring the party to consensus. The top tax writer in the Senate, Ron Wyden of Oregon, is drafting a series of bills to raise taxes, many of them overlapping with Mr. Biden’s campaign proposals.
  • A report from the congressional Joint Committee on Taxation this month showed that multinational companies paid an average U.S. tax rate of less than 8 percent on their income in 2018, down from 16 percent in 2017. The report also found that those companies did not slow their practice of booking profits in low-tax havens like Bermuda.
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