Skip to main content

Home/ History Readings/ Group items tagged firms

Rss Feed Group items tagged

Javier E

How the Fed Should Fight Climate Change - The Atlantic - 0 views

  • Mark Carney, a former Goldman Sachs director who now leads the Bank of England, sounded a warning. Global warming, he said, could send the world economy spiraling into another 2008-like crisis
  • He called for central banks to act aggressively and immediately to reduce the risk of climate-related catastrophe
  • the U.S. Federal Reserve was the pivotal American institution in stopping a second Great Depression. Its actions were “historically unprecedented, spectacular in scale,” he writes, and widely understood by experts to be the “decisive innovation of the crisis.”
  • ...45 more annotations...
  • “If the world is to cope with climate change, policymakers will need to pull every lever at their disposal,” he writes. “Faced with this threat, to indulge in the idea that central banks, as key agencies of the state, can limit themselves to worrying about financial stability … is its own form of denial.”
  • In England, by contrast, Carney has convened 33 central banks to investigate how to “green the financial system.” According to Axios, every powerful central bank is working with him—except for Banco do Brasil and the Fed.
  • Mark Carney, the governor of the Bank of England, in 2015, in a speech which has subsequently received massive coverage—and he is a man, after all, absolutely of the global financial establishment—coined the idea of a climate Minsky moment. [Editor’s note: A Minsky moment is when an asset’s price suddenly collapses after a long period of growth.]
  • We would need [fossil-fuel assets] to be on the balance sheet of actors who were under huge pressure in a fire-sale situation and who couldn’t deal with a sudden revaluation. We would need an entire network of causation to be there, which is what produced the unique crisis of 2007 to 2008.
  • So imagine that we stay on our current path, and we’re headed toward 3 or 4 degrees’ [Celsius] temperature change. And then imagine some of the nonlinearities kick in, which the climate scientists tell us about, and we face a Fukushima-style event.
  • What happens next? You then get nervous democratic politicians—and not necessarily those who are known for their populism, but just nervous democratic politicians—suddenly deciding that we have to stop doing one or another part of our carbon-based economy. It has to stop, and it has to stop immediately. And then you get big shocks. Then you get sudden revaluations.
  • In other words, the success of the delaying tactics of the carbon lobby create a situation in which we’re then faced with the possibility of a sudden regulatory shock
  • “One-third of equity and fixed income assets issued in global financial markets can be classified as belonging to the natural resource and extraction sectors, as well as carbon-intensive power utilities, chemicals, construction, and industrial goods firms.”
  • Whether that will, in fact, ease the formation of majorities in Congress is another question. Because, after all, it does somehow have to get through the Senate, you know.
  • Germany is far, far more exposed. A huge slice of their economy is basically all about internal combustion engines, and so that number includes all of those stocks, for sure.
  • If we saw a huge shock to, say, European equity [exchange-traded funds], which were heavily in German automotive, that’s the sort of trigger that we might be looking at.
  • This is not simply a zero-sum game; this is a structural transformation that has many very attractive properties. There’s loads of excellent jobs that could be created in this kind of transition.There’s no reason why, even by conventional GDP-type metrics, it need even be associated with the kind of feel-bad factor of slow GDP growth. Then [you could] also link it to a revival of social democracy for the United States. From a progressive political point of view, that’s obviously extremely attractive.
  • there’s also a deeper view: that climate change is the situation within which all other politics will happen for the next several generations, at least.
  • ever since the 1990s that’s been the logjam on any serious American commitment.
  • When you look at a third of securities tied up in the carbon economy and the evidence for decoupling GDP growth from carbon emissions maybe not being as strong as we’d like, do you think the change that needs to happen is realistic?
  • Tooze: Realistic? No. I mean, depends what you mean by realism. The scale of the challenge requires a boldness of action for which there is no precedent. That’s the only good purpose that the war analogies serve
  • Meyer: In your piece, you write: “Those in the United States who call for a Green New Deal or a Green Marshall Plan are, if anything, understating the scale of what is needed.”
  • Do you think climate action needs to be larger than, say, the U.S. mobilization for World War II?
  • Tooze: Well, less large in absolute terms. Because even the U.S. was spending almost 40 percent of GDP on World War II. And if you’re the Soviet Union, you’re spending 55 to 60 percent in 1940. We don’t need to do anything like that. It needs to be much bigger than the New Deal, which in fiscal-policy terms was really quite trivial.
  • Crucially, what makes it totally unlike the war is that there’s no happy end. There’s no moment where you win and then everything goes back to the way it was before, but just better. That’s a misunderstanding
  • This isn’t crash dieting; this is a permanent change in lifestyle, and we need to love that and we need to live it and we need to own it and we need to reconcile ourselves to the fact that this is for us and for all subsequent generations of humans.
  • It isn’t just the oil and gas majors, because they wouldn’t get you to 30 percent. Exxon isn’t big enough to get you to that kind of percentage. It’s Exxon, and [the major automakers] Daimler and BMW, and the entire carbon-exposed complex.
  • all the really hard choices need to be made by people like China and India and Pakistan and Bangladesh and Indonesia
  • You don’t have that very much in Germany. There isn’t anyone in Germany saying, “Which bit of mid-20th-century history is this most like?,” mercifully. The one analogy that has popped up in Germany is reunification, which I actually think is quite a good one, because that’s still an ongoing problem
  • in the American case, it would be civil rights and Reconstruction, which isn’t a particularly optimistic comparison to draw. It’s an ongoing problem, it’s a deep historic problem, it only happened once, we still haven’t fixed it, and we’re not at peace.
  • Meyer: There’s a kind of shallow view of climate change: that it is something we need to avert or stop. And that’s somewhat true
  • furthermore—and much more fundamentally than any of those things—this isn’t really about America. I mean, America can be an obstacle and get in the way, but none of the really hard choices needs to be made by Americ
  • like Reconstruction or the civil-rights movement, it needs to be something that people take on like a moral commitment, in the same way they take on genocide prevention as a moral commitment
  • problems that we thought we’d fixed, like the Green Revolution and the feeding of the world population, for instance—totally not obvious that those fixes cope with the next 20 years of what’s ahead of us. The food problem that was such an oppressive issue globally in the 1970s may resurge in an absolutely dramatic way.
  • Meyer: Given all that, if Jerome Powell decided that he wanted to intervene on the side of climate action, what could he do? What could the Fed do?
  • Tooze: What I think the Fed should announce is that it enthusiastically supports the idea of a bipartisan infrastructure push focused on the American electrical network, first and foremost, so that we can actually hook up the renewable-generating capacity—which is now eminently, you know, realistic in economic terms. Setting a backstop to a a fiscal-side-led investment push is the obvious thing.
  • It is indeed a highly appropriate response to an environment of extremely low interest rates, and [former Treasury Secretary] Larry Summers & Co. would argue that it might help, as it were, to suck us out of the state of secular stagnation that we’re in.
  • another avenue to go down—for the Fed to take a role in helping develop a classification of green bonds, of green financing, with a view also to rolling out comprehensive demands for disclosure on the part of American firms, for climate risks to be fully declared on balance sheets, and for due recognition to be given to firms that are in the business of proactively preparing themselves for decarbonization.
  • You could, for instance, declare that the Fed views with disfavor the role of several large American banks in continuing to fund coal investment. Some of the carbon-tracking NGOs have done very good work showing and exposing the way in which some of the largest, the most reputable American banks are still in the business of lending to Big Coal. Banking regulation could be tweaked in a way that would produce a tilt against that.
  • the classic role of the Fed is to support government-issued debt. Insofar as the Green New Deal is a government-issued business, the Fed has just an absolutely historical warrant for supporting fiscal action.
  • with regards to the broader economy, the entire federal-government apparatus essentially stood behind the spread of home ownership in the United States and the promotion of suburbanization through the credit system. And kind of what we need is a Fannie Mae and Freddie Mac for the energy transition.
  • if the question is, Is there historical warrant for the financial agencies of government in the United States biasing the property structure in the economy in a certain way?, the answer is emphatically yes—all the way down to the grotesque role of the New Deal financial apparatus in enshrining the racial segregation of the American urban space, with massive effects from the 1930s onward.
  • The idea of neutrality should not even be allowed in the room in this argument. It’s a question of where we want to be biased. If you look at QE, especially in the U.K. and the EU, it was effectively fossil-biased.
  • monetary policy is not neutral with regards to the environment. There’s no safe space here. The only question is whether you’re going to lead in the right way
  • Meyer: Last question. With any of this, is there a role for interested Americans to play if they are not particularly tied to the financial- or monetary-policy elite?
  • Tooze: Support your congressperson in doing exactly what AOC did in the hearings with Powell a couple of weeks ago
  • [Editor’s Note: Representative Alexandria Ocasio-Cortez asked Powell whether inflation and unemployment are still closely connected, as the Fed has long argued.]
  • Applaud, follow with interest, raise questions. That’s exactly what needs to be happening. The politicization of monetary policy is a fact.
  • If we don’t raise these questions, the de facto politics is, more often than not, conservative and status quo–oriented. So this, like any other area, is one where citizens—whether they’re educated and informed or not—need to wise up, get involved, and follow the arguments and develop positions.
  • So applaud your congresspeople when they do exactly what AOC was doing in that situation. In many ways, I thought it was one of the most hopeful scenes I’ve seen in that kind of hearing in a long time.
andrespardo

Trader Joe's and other US firms suppress unionization efforts during pandemic | World n... - 0 views

  • Companies, including grocery chains Trader Joe’s and Whole Foods, airport concession operators, local authorities and even a furniture company owned by the billionaire Warren Buffett have moved to control efforts to unionize as workers become increasingly concerned about workplace safety during the emergency.
  • “It’s a blatant anti-union letter,” said a Trader Joe’s employee in New Jersey who requested to remain anonymous for fear of retaliation. “It’s in bad taste and shows the greed this company has instead of taking proactive measures to keep the crew and customers safe.” A Trader Joe’s spokesperson told the Guardi
  • As workers on the frontlines of the coronavirus pandemic have organized protests and strikes, several employers have responded by stepping up attempts to oppose unionization, repeal workers’ rights won in bargaining, and fire workers en masse who had recently publicized intent to organize a union in their workplace.
  • ...8 more annotations...
  • HMSHost, over the lack of coronavirus safety protections, which included continuing to hold anti-union captive audience meetings during the pandemic. A union election for workers to join Unite Here scheduled for late March was delayed and is currently being rescheduled due to the pandemic.
  • “To them, the union was a more important issue than the coronavirus. They made sure to give us papers about the union, but didn’t give us training or protective equipment for us in the stores.”
  • Citing the pandemic, the manager of Clark county, Nevada, unilaterally suspended all union contracts with the county.
  • The Teamsters union has filed federal unfair labor practice charges of unlawful termination against CORT furniture, a subsidiary of billionaire Warren Buffett’s Berkshire Hathaway, accusing the furniture rental company of retaliating against workers for supporting unionization just as the pandemic broke in the US.
  • CORT furniture declined to comment, citing pending litigation.
  • Amazon-owned Whole Foods is using a data-powered heat mapping tool to monitor unionization risks among its over 500 stores throughout the US, as workers have held sick-out protests in response to a lack of protections for workers during the pandemic. Workers at the online clothing retailer Everlane and the art logistics company Uovo have filed federal labor charges accusing the companies of firing workers during the pandemic for union organizing.
  • According to a December 2019 EPI study, in over 40% of union organizing campaigns an employer violates the law. “This is an extreme moment we’re in, but unfortunate
  • better pay and better health and safety provisions,” added McNicholas.
andrespardo

Firms ignoring climate crisis will go bankrupt, says Mark Carney | Environment | The Gu... - 0 views

  • Companies and industries that are not moving towards zero-carbon emissions will be punished by investors and go bankrupt, the governor of the Bank of England has warned.
  • Carney has led efforts to address the dangers global heating poses to the financial sector, from increasing extreme weather disasters to a potential fall in asset values such as fossil fuel company valuations as government regulations bite. The Guardian revealed last week that just 20 fossil fuel companies have produced coal, oil and gas linked to more than a third of all emissions in the modern era.
  • In an interview with the Guardian, Carney said disclosure by companies of the risks posed by climate change to their business was key to a smooth transition to a zero-carbon world as it enabled investors to back winners.
  • ...5 more annotations...
  • US coal companies had already lost 90% of their value, he noted, but banks were also at risk. “Just like in any other major structural change, those banks overexposed to the sunset sectors will suffer accordingly,” he told the Guardian.
  • “Some [assets] will go up, many will go down. The question is whether the transition is smooth or is it something that is delayed and then happens very abruptly. That is an open question,” he said. “The longer the adjustment is delayed in the real economy, the greater the risk that there is a sharp adjustment.”
  • Far from damaging the global economy, climate action bolsters economic growth, according to Carney. “There is a need for [action] to achieve net zero emissions, but actually it comes at a time when there is a need for a big increase in investment globally to accelerate the pace of global growth, to help get global interest rates up, to get us out of this low-growth, low-interest-rate trap we are in.”
  • “Certainly the UK financial system is one of the most sophisticated at managing this risk. The UK can extend that lead, for the good of the UK, for the good of the world,” he said. “A number of the industrial solutions draw on the strengths of UK innovation, from the use of artificial intelligence in energy systems through to potentially advanced materials like graphene. There is a big upside for the UK economy.”
  • Reacting to the Guardian’s revelations about fossil fuel companies, Jeremy Corbyn, the leader of the UK Labour party, said: “Labour will delist companies that fail to meet environmental criteria from the [London Stock Exchange], and reform the finance sector to make it part of the solution to climate change instead of lending to companies that are part of the problem.”
Javier E

How Emergent BioSolutions Put an 'Extraordinary Burden' on the U.S.'s Troubled Stockpil... - 0 views

  • Government purchases for the Strategic National Stockpile, the country’s emergency medical reserve where such equipment is kept, have largely been driven by the demands and financial interests of a handful of biotech firms that have specialized in products that address terrorist threats rather than infectious disease.
  • “Today, I think, we would not allow anthrax to take up half the budget for a guaranteed supply of vaccines,” he said, adding, “Surely after such a calamity as the last year, we should take a fresh look at stockpiles and manufacturing and preparing for the next pandemic.”
  • Under normal circumstances, Emergent’s relationship with the federal stockpile would be of little public interest — an obscure contractor in an obscure corner of the federal bureaucracy applying the standard tools of Washington, like well-connected lobbyists and campaign contributions, to create a business heavily dependent on taxpayer dollars.
  • ...74 more annotations...
  • Security concerns, moreover, keep most information about stockpile purchases under wraps. Details about the contracts and inventory are rarely made public, and even the storage locations are secret.
  • Former Emergent employees, government contractors, members of Congress, biodefense experts and current and former officials from agencies that oversee the stockpile described a deeply dysfunctional system that contributed to the shocking shortages last year.
  • Purchases are supposed to be based on careful assessments by government officials of how best to save lives, but many have also been influenced by Emergent’s bottom line
  • The stockpile has long been the company’s biggest and most reliable customer for its anthrax vaccines, which expire and need to be replaced every few years.
  • In the two decades since the repository was created, Emergent’s aggressive tactics, broad political connections and penchant for undercutting competitors have given it remarkable sway over the government’s purchasing decisions related to the vaccines
  • While national security officials still consider anthrax a threat, it has not received specific mention since 2012 in the intelligence community’s annual public assessment of dangers facing the country, a report that has repeatedly warned of pandemics.
  • Emergent bought the license for the country’s only approved anthrax vaccine in 1998 from the State of Michigan. Over time, the price per dose the government agreed to pay Emergent increased nearly sixfold, accounting for inflation, contributing to record revenues last year that topped $1.5 billion
  • The company, whose board is stocked with former federal officials, has deployed a lobbying budget more typical of some big pharmaceutical companies
  • Competing efforts to develop a better and cheaper anthrax vaccine, for example, collapsed after Emergent outmaneuvered its rivals, the documents and interviews show.
  • preparations for an outbreak like Covid-19 almost always took a back seat to Emergent’s anthrax vaccines
  • the government approved a plan in 2015 to buy tens of millions of N95 respirators — lifesaving equipment for medical workers that has been in short supply because of Covid-19 — but the masks repeatedly lost out in the competition for funding over the years leading up to the pandemic
  • After Dr. Frieden and others in the Obama administration tried but failed to lessen Emergent’s dominance over stockpile purchases, the company’s fortunes rose under Mr. Trump, who appointed a former Emergent consultant with a background in bioterrorism to run the office that now oversees the stockpile
  • “If I could spend less on anthrax replenishment, I could buy more N95s,” Dr. Kadlec said in an interview shortly after leaving office. “I could buy more ventilators. I could buy more of other things that quite frankly I didn’t have the money to buy.”
  • And now, as some members of Congress push for larger reserves of ventilators, masks and other equipment needed in a pandemic, a trade group led in part by a top Emergent lobbyist has warned that the purchases could endanger companies focused on threats like anthrax and smallpox by drawing down limited funds.
  • Last year, as the pandemic raced across the country, the government paid Emergent $626 million for products that included vaccines to fight an entirely different threat: a terrorist attack using anthrax.
  • “I think it’s pretty clear that the benefit of the vaccine is marginal,” he said in an interview
  • “They’re very vicious in their behavior toward anybody they perceive as having a different point of view,” said Dr. Tara O’Toole, a former Homeland Security official who says she ran afoul of Emergent in 2010 after telling Congress that the nation needed a newer and better anthrax vaccine.
  • That year, the company that would become Emergent — then known as BioPort — paid Michigan $25 million to buy the license for a government-developed anthrax vaccine and an aging manufacturing plant.
  • The company opened its doors with one product, called BioThrax, and one customer, the Defense Department, which required the vaccine for service members.
  • Emergent’s anthrax vaccine was not the government’s first choice. It was more than 30 years old and plagued by manufacturing challenges and complaints about side effects. Officials instead backed a company named VaxGen, which was developing a vaccine using newer technology licensed from the military.
  • Emergent’s successful campaign against VaxGen — deploying a battalion of lobbyists, publicly attacking its rival and warning that it might cease production of its own vaccine if the government didn’t buy it — established its formidable reputation. By 2006, VaxGen had lost its contract and the government had turned to Emergent to supply BioThrax.
  • “They were totally feared by everybody,” Dr. Philip Russell, a top health official in the administration of President George W. Bush, said in an interview. He said that he clashed with Emergent when he backed VaxGen, and that his reputation came under attack, which was documented by The Times in 2006. (Dr. Russell died this January.)
  • the group of federal officials who make decisions about the stockpile and other emergency preparations — known as the Phemce, for the Public Health Emergency Medical Countermeasures Enterprise — ordered up a study. It found in 2010 that the government could not afford to devote so much of its budget to a single threat.
  • Instead, the review concluded, the government should invest more in products with multiple applications, like diagnostic tests, ventilators, reusable respirator masks and “plug and play” platforms that can rapidly develop vaccines for a range of outbreaks.
  • from 2010 through 2018, the anthrax vaccine consumed more than 40 percent of the stockpile’s budget, which averaged $560 million during those years.
  • Emergent and the government have withheld details of the stockpile contracts, including how much the company has charged for each dose of BioThrax, but executives have shared some of the missing information with investors.
  • The company in 1998 agreed to charge the government an average of about $3.35 per dose, documents show. By 2010, the price had risen to about $28, according to financial disclosures and statements by Emergent executives, and now it is about $30
  • Over the past 15 years, the company recorded a gross profit margin of about 75 percent for the vaccine, in an arrangement that one Emergent vice president called a “monopoly.”
  • Emergent’s rise is the stuff of lore in biodefense circles — a tale of savvy dealings, fortuitous timing and tough, competitive tactics.
  • One afternoon in October 2010, Wall Street investors gathered at the Millennium Broadway Hotel in Manhattan for a presentation by Mr. Burrows. He shared with them a secret number: 75 million.That was how many BioThrax doses the government had committed to stockpiling, and it was the backbone of Emergent’s thriving business. In pursuit of that goal, the government had already spent more than $900 million, and it continued to buy virtually every dose Emergent could produce. It had even awarded the company more than $100 million to expand its Michigan factory.
  • “The best approach toward anthrax is antimicrobial therapy,” Dr. Anthony S. Fauci, the government’s top infectious-disease expert, told Congress as early as 2007.
  • In an analysis published in 2007, the firm determined that giving antibiotics immediately after a large outdoor anthrax attack was likely to reduce serious illnesses by more than 80 percent. Administering the vaccine would then cut serious illnesses only by an additional 4 percent.
  • Dr. Ali S. Khan, who ran the C.D.C. office managing the stockpile until 2014, said bluntly: “We overpaid.”
  • “A bunch of people, including myself, were sitting in a room and asking what kind of attack might happen,” said Dr. Kenneth Bernard, a top biodefense adviser to Mr. Bush, recalling a meeting in the months after the 2001 attacks.
  • “And somebody said, ‘Well, I can’t imagine anyone attacking more than three cities at once,’” he said. “So we took the population of a major U.S. city and multiplied by three.”
  • A team of Homeland Security and health officials began doing just that in 2013. The group determined, in a previously undisclosed analysis, that the government could stockpile less BioThrax and still be prepared for a range of plausible attacks, according to two people involved in the assessment. Separately, government researchers concluded that two doses of BioThrax provided virtually the same protection as three.
  • the National Intelligence Council, which helped draft the assessments during Mr. Obama’s second term, said in an interview that the idea of a three-city attack affecting 25 million people was “straining credulity.”
  • “If you talk to the head of the House Intelligence Committee,” Don Elsey, Emergent’s chief financial officer, told investors in 2011, “and you say, ‘What are you most worried about?’ he’ll say, ‘Let me see: Number one, anthrax; number two, anthrax; number three, anthrax.’”
  • Emergent’s sales strategy was to address that fear by promising the federal government peace of mind with its vaccine.
  • “There’s a political element involved,” Mr. Burrows, the company’s vice president of investor relations, said at an industry conference in 2016. “I don’t have a marketing expense. I have lobbying expense.”
  • Since 2010, the company has spent an average of $3 million a year on lobbying — far outspending similarly sized biotech firms, and roughly matching the outlays of two pharmaceutical companies with annual revenues at least 17 times greater, AstraZeneca and Bristol Myers Squibb
  • In 2015, as stockpile managers questioned the large purchases of BioThrax, the spending topped $4 million
  • “They were pouring it on — how poor they were and how this was going to ruin the company, and they’d have to close down factories, and America was going to be left without anthrax vaccine,”
  • “Their revolving door is moving at 60 miles per hour,” said former Senator Claire McCaskill, a Democrat from Missouri who had questioned spending on the vaccine while in the Senate. “There is really a lot of incestuousness because it’s such a specialized field.”
  • Ms. DeLorenzo, the Emergent spokeswoman, said the lobbying was necessary because government investment “in biodefense and other public health threats has not been as strongly prioritized as it should be.”
  • Over the past 10 years, Emergent’s political action committee has spread almost $1.4 million in campaign contributions among members of both partie
  • The move followed a yearslong pattern of retaining a bipartisan lobbying corps of former agency officials, staff members and congressmen, including Pete Hoekstra of Michigan, Tom Latham of Iowa and Jim Saxton of New Jersey.
  • “You have people coming and saying, ‘There’s no market for this — nobody’s going to produce this unless you buy enough of it to keep the production line open,’” he said. “It’s an absolutely appropriate argument to make.”
  • Emergent’s campaign proved effective. Despite the 2015 recommendation by the stockpile managers, Senate overseers made clear they opposed the reduction, and the government went ahead and bought $300 million worth of BioThrax.
  • Emergent executives, meanwhile, warned that there could be job losses at the factory in Lansing, Mich. — the capital of a swing state at the center of a contentious presidential campaign between Mr. Trump and Hillary Clinton.
  • Because Emergent was the sole manufacturer of a product deemed critical to national security, the company has played what one former executive described to The Times as “the we’re-going-to-go-bankrupt card.”
  • Dr. Hatchett said the idea gave him pause. But, he explained in an interview, “if there’s only one partner that can provide a product and only one customer for that product, the customer needs the partner to survive.”
  • Just a year later, Emergent spent about $200 million in cash, and made other financial commitments, to acquire Sanofi’s smallpox vaccine and GlaxoSmithKline’s anthrax treatment, two products with established pipelines to the stockpile. The purchases expanded Emergent’s hold over the reserve.
  • Ms. DeLorenzo said the acquisitions did not suggest the company was better off than it had claimed, but Dr. Bright said he and others involved in the bailout felt used.
  • a plan five years earlier to create an emergency supply of N95 respirators was simply not funded. A team of experts had proposed buying tens of millions of the masks to fill the gap during an outbreak until domestic manufacturing could ramp up, according to five officials involved in the assessment, which has not been previously disclosed.
  • By the time the novel coronavirus emerged, the stockpile had only 12 million of the respirators. The stockpile has since set a goal of amassing 300 million.
  • Dr. Kadlec, the Trump administration official overseeing the stockpile, said he used the previous administration’s mask recommendation to raise alarms as early as 2018.
  • Dr. Annie De Groot, chief executive of the small vaccine company EpiVax, spoke about the need to break Emergent’s lock on research dollars at a biodefense forum in 2015.
  • “Politicians want to look like they’ve addressed the problem,” she said. “But we need to actually listen to the scientists.”
  • Over the last five years, Emergent has received nearly a half-billion dollars in federal research and development funding, the company said in its financial disclosures.
  • “We know ahead of time when funding opportunities are going to come out,” Barbara Solow, a senior vice president, told investors in 2017. “When we talk to the government, we know how to speak the government’s language around contracting.”
  • The company used federal money to make improvements to BioThrax, and also found a way to earn government money from a competing anthrax vaccine it had excoriated. After the demise of VaxGen in 2006, Emergent bought the company’s unfinished vaccine and in 2010 persuaded the federal government to continue paying for research on it
  • By the time the research contract was canceled in 2016, Emergent had collected about $85 million, records show. The company then shelved the vaccine. “If the U.S. government withdraws funding, we re-evaluate whether there is any business case for continuing,” Ms. DeLorenzo said.
  • For more than 30 years, the government had been encouraging the development of a BioThrax replacement. In 2002, the Institute of Medicine had concluded that an alternative based on more modern technology was “urgently needed.” By 2019, there were three leading candidates, including one made by Emergent, known as AV7909.
  • Emergent’s candidate was hardly the breakthrough the government was seeking, former health officials said. AV7909 was essentially an enhanced version of BioThrax. The competitors were using more modern technology that could produce doses more rapidly and consistently, and were promising significant cost savings for the stockpile.
  • To qualify for emergency authorization, a vaccine must be at an advanced stage of development with no approved alternatives. Emergent acknowledged in its financial disclosures that there was “considerable uncertainty” whether the new vaccine met those requirements.
  • The election of Mr. Trump as president was good news for Emergent.
  • Dr. Lurie, the senior health official in the Obama administration who had tried to scale back BioThrax purchases, was out. Mr. Trump’s pick to replace her was Dr. Kadlec, a career Air Force physician and top biodefense official in the Bush administration who was fixated on bioterrorism threats, especially anthrax, current and former officials said
  • Soon after entering the Trump administration in 2017, Dr. Kadlec took a series of actions that he characterized as streamlining a cumbersome bureaucracy but that had the effect of benefiting Emergent.
  • He assumed greater control of purchasing decisions, diminishing the authority of the Phemce, the oversight group that had proposed buying less BioThrax. And in 2018, he backed a decision to move control of the stockpile to his office in the Department of Health and Human Services and away from the C.D.C., which is based in Atlanta and prides itself on being insulated from the influence of lobbyists.
  • Dr. Frieden, the former C.D.C. director, was strongly opposed. The move, he said, “had almost as an explicit goal to give the lobbyists more say in what got purchased.”
  • That July, the government made the announcement Emergent had been banking on, committing to buying millions of doses. Separately, it said it would stop funding Emergent’s competitors.
  • The decision to side with Emergent did not surprise Dr. Khan, the former C.D.C. official overseeing the stockpile.“Again and again, we seem unable to move past an old technology that’s bankrupting the stockpile,” he said.
  • Last month, as the death toll from Covid-19 neared a half-million, Mr. Kramer, the company’s chief executive, told analysts there had been no “evidence of a slowdown or a delay or a deprioritization,” and echoed a statement he had made in April when asked whether the pandemic might interrupt Emergent’s sales to the stockpile.“It’s pretty much business as usual,” he said then.
zoegainer

Xiaomi, CNOOC, Comac: Chinese companies slapped with new US restrictions - CNN - 0 views

  • The Trump administration is inflicting even more damage on Chinese businesses — including smartphone maker Xiaomi — with just days to go before President-elect Joe Biden takes office.
  • The US Defense Department on Thursday added nine Chinese firms, including Xiaomi, to a list of companies the agency claims are owned or controlled by China's military. Businesses on the list are subject to harsh restrictions, including a ban on American investment.
  • The Defense Department said in a statement that it is "determined to highlight and counter" the relationship between China's military and firms that "appear to be civilian entities" but which support the military with advanced technology and expertise.Read MoreBeijing on Friday blasted the new restrictions as an abuse of power by the United States.
  • ...2 more annotations...
  • "CNOOC acts as a bully for the People's Liberation Army to intimidate China's neighbors," said Commerce Secretary Wilbur Ross in a statement, referring to the country's military. His agency claimed that CNOOC has been harassing and threatening offshore oil and gas exploration in the South China Sea by other countries, such as Vietnam.Xiaomi denied it was owned or controlled by the Chinese military in a stock exchange filing. "The company confirms that it is not owned, controlled or affiliated with the Chinese military, and is not a 'Communist Chinese Military Company' defined under the [National Defense Authorization Act]," it said in the statement.
  • Before Thursday, the Pentagon had already added 35 Chinese companies to its military list, including chipmaker SMIC and tech firm Huawei. The Commerce Department has also imposed restrictions on many companies.
anniina03

Burisma: US firm says Russia hacked company at heart of Trump impeachment - BBC News - 0 views

  • The Ukrainian gas company at the centre of President Donald Trump's impeachment was successfully hacked by Russian military agents in November, a US cybersecurity firm has said.
  • Area 1 Security said it was not clear what the hackers were searching for when they hacked Burisma Holdings.
  • Area 1 linked the hack - a "phishing" attack - to Russia's military intelligence unit known commonly as the GRU.
  • ...2 more annotations...
  • The hackers used "phishing" emails that are designed to steal usernames and passwords, the California-based security firm said.
  • The Burisma hack "really is starting to parallel with what we saw in 2016", Area 1 co-founder Oren Falkowitz told Reuters.
Javier E

Fresh Cambridge Analytica leak 'shows global manipulation is out of control' | UK news ... - 0 views

  • An explosive leak of tens of thousands of documents from the defunct data firm Cambridge Analytica is set to expose the inner workings of the company that collapsed after the Observer revealed it had misappropriated 87 million Facebook profiles.
  • More than 100,000 documents relating to work in 68 countries that will lay bare the global infrastructure of an operation used to manipulate voters on “an industrial scale” is set to be released over the next months.
  • while the company had closed down, the failure to properly punish bad actors meant that the prospects for manipulation of the US election this year were even worse.
  • ...9 more annotations...
  • he documents were revealed to have come from Brittany Kaiser, an ex-Cambridge Analytica employee turned whistleblower, and to be the same ones subpoeaned by Robert Mueller’s investigation into Russian interference in the 2016 presidential election
  • The documents were retrieved from her email accounts and hard drives, and though she handed over some material to parliament in April 2018, she said there were thousands and thousands more pages which showed a “breadth and depth of the work” that went “way beyond what people think they know about ‘the Cambridge Analytica scandal’”.
  • “on our current trajectory these problems are likely to get worse, not better, and with crucial 2020 elections in America and elsewhere approaching, this is a very scary prospect. Something radical needs to be done about it, and fast.”
  • authorities in the west had failed to punish those practising social and other media manipulation
  • more sophisticated actors will have been emboldened to interfere in our elections and sow social divisions
  • The unpublished documents contain material that suggests the firm was working for a political party in Ukraine in 2017 even while under investigation as part of Mueller’s inquiry and emails that Kaiser says describe how the firm helped develop a “sophisticated infrastructure of shell companies that were designed to funnel dark money into politics”.
  • There are emails between these major Trump donors discussing ways of obscuring the source of their donations through a series of different financial vehicles. These documents expose the entire dark money machinery behind US politics.
  • “The documents reveal a much clearer idea of what actually happened in the 2016 US presidential election, which has a huge bearing on what will happen in 2020. It’s the same people involved who we know are building on these same techniques,”
  • “There’s evidence of really quite disturbing experiments on American voters, manipulating them with fear-based messaging, targeting the most vulnerable, that seems to be continuing. This is an entire global industry that’s out of controlbut what this does is lay out what was happening with this one company.
anonymous

An Anxious China Awaits Result Of U.S. Presidential Race : NPR - 0 views

  • She, like dozens of other vendors here who supply the T-shirts, masks and bumper stickers for American political campaigns, have a curious window into American politics
  • Trump being good for China has been, perhaps surprisingly, a common refrain among Chinese policymakers, who see the U.S. president as accelerating America's decline while aiding China's rise.
  • "Another four years of Trump would further divide the U.S. This is beneficial to Beijing,"
  • ...10 more annotations...
  • American lawmakers may be distracted under a Trump presidency by hot-button issues at home such as health care and immigration.
  • and even closed the Chinese consulate in Houston, Texas
  • nearly four years of Trump and a coronavirus pandemic that he blames on China have left Beijing anxious about a second term.
  • Trump's gone from calling leader Xi Jinping a "friend" to putting sanctions on senior Communist Party officials and the country's biggest technology firms.
  • Others see an opportunity for China to hunker down and build its resilience as the U.S. rolls out trade sanctions on Chinese tech firms.
  • Zou says Chinese decision makers hope for stability under a potential Biden administration. But he warns that no matter who wins November 3, policymakers in Beijing expect the U.S. to continue to be tough on Chinese trade and pursue further economic restrictions on technology firms.
  • China has been restrained in its relations with the U.S. the last few months, with the exception of ratcheting up tensions with Taiwan, as it waits to see who wins the election.
  • On Thursday, China's Communist Party Central Committee concluded its 5th Plenum, a gathering of some 300 top Party officials during which the country's economic plans for the next five years are decided.
  • aims to build resilience into China's high tech sectors and wean the country's economy away from foreign trade.
  • That, and a successfully contained coronavirus epidemic, means Beijing feels confident it can prepare for whoever wins the U.S. presidential race
kaylynfreeman

Trump Winning Michigan, Florida and Arizona? This Pollster Says So - The New York Times - 0 views

  • Robert Cahaly’s polls have Arizona, Michigan and Florida in the president’s column. It’s hard to find another pollster who agrees with him. But they didn’t believe him in 2016 either.762
  • Trafalgar does not disclose its methods, and is considered far too shadowy by other pollsters to be taken seriously. Mostly, they dismiss it as an outlier. But for Mr. Cahaly, “I told you so” is already a calling card.
  • Is it possible to believe a guy whose polls consistently give Mr. Trump just enough support for a narrow lead in most swing states, and who refuses to reveal much of anything about how he gets his data?
    • kaylynfreeman
       
      I think it was just a lucky guess last election. It's impossible to know what's gonna happen this election especially with the mail in ballots and covid.
  • ...9 more annotations...
  • In 2016, its first time publicly releasing polls, Trafalgar was the firm whose state surveys most effectively presaged Mr. Trump’s upset win. A veteran Republican strategist, Mr. Cahaly even called the exact number of Electoral College votes that Mr. Trump and Hillary Clinton would receive — 306 to 227 — although his prediction of which states would get them there was just slightly off.
  • “People do not seem embarrassed to support Mr. Trump,” Mr. Cox said. In the past four years, studies seeking to quantify a so-called “shy Trump” effect in surveys have generally found little evidence to support it.
    • kaylynfreeman
       
      I read another article that says otherwise
  • ut he’s not saying what they are. Mr. Cahaly releases almost no real explanation of his polling methodology; the methods page on Trafalgar’s website contains what reads like a vague advertisement of its services and explains that its polls actively confront social desirability bias, without giving specifics as to how. He says that he uses a mixture of text messages, emails and phone calls — some automated, and some by live callers — to reach an accurate representation of the electorate.
  • “social desirability bias”: the tendency for respondents to say what they think an interviewer wants to hear, not what they actually believe.
  • “It is wildly inappropriate not to tell me, not only what modes you use to draw your sample, but how specifically you did it,” he said. His general rule: “If somebody’s not transparent you can generally assume they’re crap.”
  • In 2010, Mr. Cahaly was arrested and taken to court for violating a law against using automatic calling machines — known as robocalling — to conduct polls. The charges against him were eventually dropped, and he later successfully sued a state law enforcement agency, causing South Carolina’s prohibition on robocalls to be declared unconstitutional.
  • Mr. Cahaly said he was doing legitimate polling, aimed at truly understanding voters’ opinions — and getting what he called “dead-on” results. During the 2016 Republican primaries, he was early to spot a surge of enthusiasm from many working-class voters who had long felt alienated from politics and helped power Mr. Trump’s ascent.
  • “I kept getting these stories about people who showed up to vote and didn’t know how to use the voting machines, they hadn’t voted in so long,” Mr. Cahaly said. So he began to look into who those people might be, and used data available online to create a list of roughly 50 lifestyle characteristics — including, for instance, whether they owned a fishing license — to identify the sorts of low-engagement voters who were turning out in droves. He used that data to make sure he was reaching the right kinds of respondents as he polled off the voter file in advance of the general election.
  • Mr. Cahaly feels no need to reveal his techniques, despite the near-universal doubt about his work from his peers. “I’ve given away enough; I’m not giving away any more,” he said, arguing that it had been a mistake to even tell the public about his “neighbor question,” which some other firms have since adopted in their own surveys.
Javier E

Law Firms Pay Supreme Court Clerks $400,000 Bonuses. What Are They Buying? - The New Yo... - 0 views

  • “When you clerk for a justice for a year, you come to know how that justice thinks very intimately,” he said. “You know the ins and outs of the justice’s thought processes.”Letting lawyers exploit that relationship raises concerns about fairness, the study said. “Law firms throw money at former clerks for the same reason companies, unions and organized interests hire former government officials as lobbyists: They expect these insiders to influence their previous employers,”
  • What the new study documented, Professor Gillers said, is what everyone knows. “Personal relationships matter,” he said, and businesses try to exploit them.“This is rampant,” he said. “Not only is it rampant, it’s smart. When you get to the Supreme Court, of course, the concern increases, but human nature does not change.”
lmunch

Kanye West's Perplexing Run as a Potential 2020 Election Spoiler - The New York Times - 0 views

  • Mr. West, the billionaire hip-hop artist and fashion mogul turned Christian revivalist, is not running for president, but “walking,” as he puts it.
  • His party is called the Birthday Party. His first piece of campaign art included pictures of that well-known populist Anna Wintour, the editor of Vogue, and of the actress Kirsten Dunst, who was puzzled. (“What’s the message here,” she tweeted, “and why am I apart of it?”)
  • Because a variety of allies and supporters of President Trump are working on the ground to advance his campaign, many Democrats view his candidacy as a dirty trick by Republicans, a notion Mr. West has rejected.
  • ...2 more annotations...
  • A number of consulting firms are aiding his candidacy. Mercury Public Affairs, a prominent bipartisan New York political consulting firm, played an organizing role, though the firm was dismissed last month and was reluctant to discuss the matter.
  • “The reason why I know eventually — eventually could be three months, eventually could be three and a half years — the reason why I eventually will make a great president is because I’m sensitive,” Mr. West said. “I’m here to serve. Even as a Gemini, I feel the energy in the room, I read body language, I read this energy, and I hurt. I hurt for the country, I hurt not just Black people, but all people of America. And I hurt for all people of the world.”
delgadool

Parler, a Social Network That Attracted Trump Fans, Returns Online - The New York Times - 0 views

  • back online a month after Amazon and other tech giants cut off the company for hosting calls for violence around the time of the Capitol riot.
  • Getting iced out by the tech giants turned Parler into a cause célèbre for conservatives who complained they were being censored, as well as a test case for the openness of the internet.
  • Parler relied on help from a Russian firm that once worked for the Russian government and a Seattle firm that once supported a neo-Nazi site.
  • ...6 more annotations...
  • Parler’s return appeared to be a victory for small companies that challenge the dominance of Big Tech.
  • Parler had become a hub for right-wing conversation over the past year
  • A federal judge said last month that Amazon’s contract allowed it to terminate service and declined to force the company to keep hosting Parler, as the start-up had requested.
  • Parler had more than 15 million users when it went offline and was one of the fastest growing apps in the United States.
  • “SkySilk does not advocate nor condone hate, rather, it advocates the right to private judgment and rejects the role of being the judge, jury and executioner. Unfortunately, too many of our fellow technology providers seem to differ,” he said. “While we may disagree with some of the sentiment found on the Parler platform, we cannot allow First Amendment rights to be hampered or restricted by anyone or any organization.”
  • Parler is essentially a clone of Twitter, where users can broadcast messages to their followers, though it is harder to navigate and often much slower, an issue that could get even worse without the support of Amazon.
nrashkind

Exclusive: Huawei hid business operation in Iran after Reuters reported links to CFO - ... - 0 views

  • Huawei hid business operation in Iran after Reuters reported links to CFO
  • China’s Huawei Technologies acted to cover up its relationship with a firm that had tried to sell prohibited U.S. computer gear to Iran, after Reuters in 2013 reported deep links between the firm and the telecom-equipment giant’s chief financial officer, newly obtained internal Huawei documents show.
  • To that end, this and other documents show, Huawei took a series of actions - including changing the managers of Skycom, shutting down Skycom’s Tehran office and forming another business in Iran to take over tens of millions of dollars worth of Skycom contracts.
  • ...9 more annotations...
  • Huawei has long described the firm
  • Now, documents obtained by Reuters show how the Chinese tech titan effectively controlled Skycom.
  • One document described how Huawei scrambled in early 2013 to try to “separate” itself from Skycom out of concern over trade sanctions on Tehran.
  • Skycom Tech Co Ltd - as a separate local business partner in Iran.
  • The revelations in the new documents could buttress a high-profile criminal case being pursued by U.S. authorities against Huawei and its chief financial officer, Meng Wanzhou, who is also the daughter of Huawei’s founder.
  • The United States has been trying to get Meng extradited from Canada, where she was arrested in December 2018.
  • Huawei and Meng have denied the criminal charges, which include bank fraud, wire fraud and other allegations.
  • The newly obtained documents appear to undermine Huawei’s claims that Skycom was just a business partner.
  • Huawei declined to comment for this story.
woodlu

Remote-first work is taking over the rich world | The Economist - 2 views

  • N FEBRUARY 2020 Americans on average spent 5% of their working hours at home. By May, as lockdowns spread, the share had soared to 60%—a trend that was mirrored in other countries.
  • Most office workers remain steadfastly “remote-first”, spending most of their paid time out of the office. Even though a large share of people have little choice but to physically go to work, 40% of all American working hours are still now spent at home
  • Last year British government ministers exhorted workers to get back to the office; now they are quieter
  • ...16 more annotations...
  • bosses expect that in a post-pandemic world an average of 1.3 days a week will be worked from home—a quarter more than they expected when asked the same question in January.
  • Many people remain scared of contracting covid-19, and thus wish to avoid public spaces.
  • workers have more bargaining power.
  • it takes a brave boss to make people take a sweaty commute five days a week (workers view being forced to be in the office full-time as equivalent to a 5% pay cut).
  • Work that is largely done remotely may be more efficient compared with an office-first model.
  • Not all the papers find a positive impact on productivity. A recent paper by Michael Gibbs of the University of Chicago and colleagues studies an Asian IT-services company. When the firm shifted to remote work last year average hours rose but output fell slightly.
  • “higher communication and co-ordination costs”. For instance, managers who had once popped their head round someone’s door may have found it harder to convey precisely what they needed when everyone was working remotely.
  • more positive results
  • Only 15% of home-workers believe they are less efficient working in this way than they were on business premises before the pandemic, according to a paper published by the team in Apri
  • One possibility is that they can more easily focus on tasks than in an office, where the temptation to gossip with a co-worker looms large.
  • Commuting, moreover, is tiring. Another factor relates to technology.
  • Remote workers, by necessity, rely more on tools such as Slack and Microsoft Teams. This may allow bosses to co-ordinate teams more effectively, if the alternative in the office was word-of-mouth instructions that could easily be forgotten or misinterpreted.
  • If it is so wonderful, then why is there little evidence of a shift towards “fully remote” work, where firms shut down their offices altogether? Companies that have chosen to do this are in a tiny minority.
  • A new study in Nature Human Behaviour, however,suggests that firms have good reason to hold on to their office buildings, even if they are used less frequently.
  • Remote work makes people’s collaboration practices more “static and siloed”, it finds. People interact more with their closest contacts, but less with the more marginal members of their networks who can offer them new perspectives and ideas
  • That probably hurts innovation. The upshot is that fully remote teams might do quite well in the short term, but will ultimately suffer as innovation dries up.
Javier E

Doomsday Prep for the Super-Rich | The New Yorker - 0 views

  • as the Presidential campaign exposed increasingly toxic divisions in America, Antonio García Martínez, a forty-year-old former Facebook product manager living in San Francisco, bought five wooded acres on an island in the Pacific Northwest and brought in generators, solar panels, and thousands of rounds of ammunition. “When society loses a healthy founding myth, it descends into chaos,” he told me. The author of “Chaos Monkeys,” an acerbic Silicon Valley memoir, García Martínez wanted a refuge that would be far from cities but not entirely isolated. “All these dudes think that one guy alone could somehow withstand the roving mob,” he said. “No, you’re going to need to form a local militia. You just need so many things to actually ride out the apocalypse.” Once he started telling peers in the Bay Area about his “little island project,” they came “out of the woodwork” to describe their own preparations, he said. “I think people who are particularly attuned to the levers by which society actually works understand that we are skating on really thin cultural ice right now.”
  • In private Facebook groups, wealthy survivalists swap tips on gas masks, bunkers, and locations safe from the effects of climate change. One member, the head of an investment firm, told me, “I keep a helicopter gassed up all the time, and I have an underground bunker with an air-filtration system.” He said that his preparations probably put him at the “extreme” end among his peers. But he added, “A lot of my friends do the guns and the motorcycles and the gold coins. That’s not too rare anymore.”
  • Tim Chang, a forty-four-year-old managing director at Mayfield Fund, a venture-capital firm, told me, “There’s a bunch of us in the Valley. We meet up and have these financial-hacking dinners and talk about backup plans people are doing. It runs the gamut from a lot of people stocking up on Bitcoin and cryptocurrency, to figuring out how to get second passports if they need it, to having vacation homes in other countries that could be escape havens.” He said, “I’ll be candid: I’m stockpiling now on real estate to generate passive income but also to have havens to go to.” He and his wife, who is in technology, keep a set of bags packed for themselves and their four-year-old daughter. He told me, “I kind of have this terror scenario: ‘Oh, my God, if there is a civil war or a giant earthquake that cleaves off part of California, we want to be ready.’ ”
  • ...43 more annotations...
  • When Marvin Liao, a former Yahoo executive who is now a partner at 500 Startups, a venture-capital firm, considered his preparations, he decided that his caches of water and food were not enough. “What if someone comes and takes this?” he asked me. To protect his wife and daughter, he said, “I don’t have guns, but I have a lot of other weaponry. I took classes in archery.”
  • Over the years, Huffman has become increasingly concerned about basic American political stability and the risk of large-scale unrest. He said, “Some sort of institutional collapse, then you just lose shipping—that sort of stuff.” (Prepper blogs call such a scenario W.R.O.L., “without rule of law.”) Huffman has come to believe that contemporary life rests on a fragile consensus. “I think, to some degree, we all collectively take it on faith that our country works, that our currency is valuable, the peaceful transfer of power—that all of these things that we hold dear work because we believe they work. While I do believe they’re quite resilient, and we’ve been through a lot, certainly we’re going to go through a lot more.”
  • Justin Kan heard the first inklings of survivalism among his peers. Kan co-founded Twitch, a gaming network that was later sold to Amazon for nearly a billion dollars. “Some of my friends were, like, ‘The breakdown of society is imminent. We should stockpile food,’ ” he said. “I tried to. But then we got a couple of bags of rice and five cans of tomatoes. We would have been dead if there was actually a real problem.” I asked Kan what his prepping friends had in common. “Lots of money and resources,” he said. “What are the other things I can worry about and prepare for? It’s like insurance.”
  • Long before the financial crisis became front-page news, early signs appeared in user comments on Reddit. “People were starting to whisper about mortgages. They were worried about student debt. They were worried about debt in general. There was a lot of, ‘This is too good to be true. This doesn’t smell right.’ ” He added, “There’s probably some false positives in there as well, but, in general, I think we’re a pretty good gauge of public sentiment. When we’re talking about a faith-based collapse, you’re going to start to see the chips in the foundation on social media first.”
  • How did a preoccupation with the apocalypse come to flourish in Silicon Valley, a place known, to the point of cliché, for unstinting confidence in its ability to change the world for the better?Those impulses are not as contradictory as they seem. Technology rewards the ability to imagine wildly different futures,
  • “When you do that, it’s pretty common that you take things ad infinitum, and that leads you to utopias and dystopias,” he said. It can inspire radical optimism—such as the cryonics movement, which calls for freezing bodies at death in the hope that science will one day revive them—or bleak scenarios.
  • In 2012, National Geographic Channel launched “Doomsday Preppers,” a reality show featuring a series of Americans bracing for what they called S.H.T.F. (when the “shit hits the fan”). The première drew more than four million viewers, and, by the end of the first season, it was the most popular show in the channel’s history.
  • A survey commissioned by National Geographic found that forty per cent of Americans believed that stocking up on supplies or building a bomb shelter was a wiser investment than a 401(k).
  • Johnson wishes that the wealthy would adopt a greater “spirit of stewardship,” an openness to policy change that could include, for instance, a more aggressive tax on inheritance. “Twenty-five hedge-fund managers make more money than all of the kindergarten teachers in America combined,” he said. “Being one of those twenty-five doesn’t feel good. I think they’ve developed a heightened sensitivity.”
  • In an e-mail, Wong told me, “Most people just assume improbable events don’t happen, but technical people tend to view risk very mathematically.” He continued, “The tech preppers do not necessarily think a collapse is likely. They consider it a remote event, but one with a very severe downside, so, given how much money they have, spending a fraction of their net worth to hedge against this . . . is a logical thing to do.”
  • I asked Hoffman to estimate what share of fellow Silicon Valley billionaires have acquired some level of “apocalypse insurance,” in the form of a hideaway in the U.S. or abroad. “I would guess fifty-plus per cent,” he said, “but that’s parallel with the decision to buy a vacation home. Human motivation is complex, and I think people can say, ‘I now have a safety blanket for this thing that scares me
  • In building Reddit, a community of thousands of discussion threads, into one of the most frequently visited sites in the world, Huffman has grown aware of the way that technology alters our relations with one another, for better and for worse. He has witnessed how social media can magnify public fear. “It’s easier for people to panic when they’re together,” he said, pointing out that “the Internet has made it easier for people to be together,” yet it also alerts people to emerging risks.
  • “I’ve heard this theme from a bunch of people,” Hoffman said. “Is the country going to turn against the wealthy? Is it going to turn against technological innovation? Is it going to turn into civil disorder?”
  • The C.E.O. of another large tech company told me, “It’s still not at the point where industry insiders would turn to each other with a straight face and ask what their plans are for some apocalyptic event.” He went on, “But, having said that, I actually think it’s logically rational and appropriately conservative.”
  • “Our food supply is dependent on G.P.S., logistics, and weather forecasting,” he said, “and those systems are generally dependent on the Internet, and the Internet is dependent on D.N.S.”—the system that manages domain names. “Go risk factor by risk factor by risk factor, acknowledging that there are many you don’t even know about, and you ask, ‘What’s the chance of this breaking in the next decade?’ Or invert it: ‘What’s the chance that nothing breaks in fifty years?’ ”
  • “Anyone who’s in this community knows people who are worried that America is heading toward something like the Russian Revolution,” he told me recently.
  • “People know the only real answer is, Fix the problem,” he said. “It’s a reason most of them give a lot of money to good causes.” At the same time, though, they invest in the mechanics of escape. He recalled a dinner in New York City after 9/11 and the bursting of the dot-com bubble: “A group of centi-millionaires and a couple of billionaires were working through end-of-America scenarios and talking about what they’d do. Most said they’ll fire up their planes and take their families to Western ranches or homes in other countries.”
  • By January, 2015, Johnson was sounding the alarm: the tensions produced by acute income inequality were becoming so pronounced that some of the world’s wealthiest people were taking steps to protect themselves. At the World Economic Forum in Davos, Switzerland, Johnson told the audience, “I know hedge-fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway.”
  • many worry that, as artificial intelligence takes away a growing share of jobs, there will be a backlash against Silicon Valley, America’s second-highest concentration of wealth.
  • The gap is widening further. In December, the National Bureau of Economic Research published a new analysis, by the economists Thomas Piketty, Emmanuel Saez, and Gabriel Zucman, which found that half of American adults have been “completely shut off from economic growth since the 1970s.” Approximately a hundred and seventeen million people earn, on average, the same income that they did in 1980, while the typical income for the top one per cent has nearly tripled.
  • r the silo and finished construction in December, 2012, at a cost of nearly twenty million dollars. He created twelve private apartments: full-floor units were advertised at three million dollars; a half-floor was half the price. He has sold every unit, except one for himself, he said
  • Johnson said, “If we had a more equal distribution of income, and much more money and energy going into public school systems, parks and recreation, the arts, and health care, it could take an awful lot of sting out of society. We’ve largely dismantled those things.”
  • “Why do people who are envied for being so powerful appear to be so afraid?” Johnson asked. “What does that really tell us about our system?” He added, “It’s a very odd thing. You’re basically seeing that the people who’ve been the best at reading the tea leaves—the ones with the most resources, because that’s how they made their money—are now the ones most preparing to pull the rip cord and jump out of the plane.”
  • The movement received another boost from the George W. Bush Administration’s mishandling of Hurricane Katrina. Neil Strauss, a former Times reporter, who chronicled his turn to prepping in his book “Emergency,” told me, “We see New Orleans, where our government knows a disaster is happening, and is powerless to save its own citizens.”
  • Tyler Allen, a real-estate developer in Lake Mary, Florida, who told me that he paid three million dollars for one of Hall’s condos. Allen said he worries that America faces a future of “social conflict” and government efforts to deceive the public. He suspects that the Ebola virus was allowed to enter the country in order to weaken the population. When I asked how friends usually respond to his ideas, he said, “The natural reaction that you get most of the time is for them to laugh, because it scares them.” But, he added, “my credibility has gone through the roof. Ten years ago, this just seemed crazy that all this was going to happen: the social unrest and the cultural divide in the country, the race-baiting and the hate-mongering.”
  • d G. Mitchell, Jr., a professor emeritus at Oregon State University, who spent twelve years studying survivalism, said, “During the Reagan era, we heard, for the first time in my life, and I’m seventy-four years old, from the highest authorities in the land that government has failed you, the collective institutional ways of solving problems and understanding society are no good. People said, ‘O.K., it’s flawed. What do I do now?’ ”
  • That gap is comparable to the gap between average incomes in the U.S. and the Democratic Republic of Congo,
  • If a silo in Kansas is not remote or private enough, there is another option. In the first seven days after Donald Trump’s election, 13,401 Americans registered with New Zealand’s immigration authorities, the first official step toward seeking residency—more than seventeen times the usual rate. The New Zealand Herald reported the surge beneath the headline “Trump Apocalypse.”
  • In fact, the influx had begun well before Trump’s victory. In the first ten months of 2016, foreigners bought nearly fourteen hundred square miles of land in New Zealand, more than quadruple what they bought in the same period the previous year
  • Much as Switzerland once drew Americans with the promise of secrecy, and Uruguay tempted them with private banks, New Zealand offers security and distance. In the past six years, nearly a thousand foreigners have acquired residency there under programs that mandate certain types of investment of at least a million dollars.
  • The difference between New Zealand and the U.S., to a large extent, is that people who disagree with each other can still talk to each other about it here. It’s a tiny little place, and there’s no anonymity. People have to actually have a degree of civility.”
  • Jack Matthews, an American who is the chairman of MediaWorks, a large New Zealand broadcaster, told me, “I think, in the back of people’s minds, frankly, is that, if the world really goes to shit, New Zealand is a First World country, completely self-sufficient, if necessary—energy, water, food. Life would deteriorate, but it would not collapse.”
  • Top to bottom, the island chain runs roughly the distance between Maine and Florida, with half the population of New York City
  • In a recent World Bank report, New Zealand had supplanted Singapore as the best country in the world to do business.
  • “Kiwis used to talk about the ‘tyranny of distance,’ ” Wall said, as we crossed town in his Mercedes convertible. “Now the tyranny of distance is our greatest asset.”
  • American clients have also sought strategic advice. “They’re asking, ‘Where in New Zealand is not going to be long-term affected by rising sea levels?’ ”
  • In particular, the attention of American survivalists has generated resentment. In a discussion about New Zealand on the Modern Survivalist, a prepper Web site, a commentator wrote, “Yanks, get this in your heads. Aotearoa NZ is not your little last resort safe haven.”
  • An American hedge-fund manager in his forties—tall, tanned, athletic—recently bought two houses in New Zealand and acquired local residency. He agreed to tell me about his thinking, if I would not publish his name. Brought up on the East Coast, he said, over coffee, that he expects America to face at least a decade of political turmoil, including racial tension, polarization, and a rapidly aging population. “The country has turned into the New York area, the California area, and then everyone else is wildly different in the middle,” he said. He worries that the economy will suffer if Washington scrambles to fund Social Security and Medicare for people who need it. “Do you default on that obligation? Or do you print more money to give to them? What does that do to the value of the dollar? It’s not a next-year problem, but it’s not fifty years away, either.”
  • He said, “This is no longer about a handful of freaks worried about the world ending.” He laughed, and added, “Unless I’m one of those freaks.”
  • Fear of disaster is healthy if it spurs action to prevent it. But élite survivalism is not a step toward prevention; it is an act of withdrawal.
  • Philanthropy in America is still three times as large, as a share of G.D.P., as philanthropy in the next closest country, the United Kingdom. But it is now accompanied by a gesture of surrender, a quiet disinvestment by some of America’s most successful and powerful people. Faced with evidence of frailty in the American project, in the institutions and norms from which they have benefitted, some are permitting themselves to imagine failure. It is a gilded despair.
  • As Huffman, of Reddit, observed, our technologies have made us more alert to risk, but have also made us more panicky; they facilitate the tribal temptation to cocoon, to seclude ourselves from opponents, and to fortify ourselves against our fears, instead of attacking the sources of them. Justin Kan, the technology investor who had made a halfhearted effort to stock up on food, recalled a recent phone call from a friend at a hedge fund. “He was telling me we should buy land in New Zealand as a backup. He’s, like, ‘What’s the percentage chance that Trump is actually a fascist dictator? Maybe it’s low, but the expected value of having an escape hatch is pretty high.’ 
  • As Americans withdraw into smaller circles of experience, we jeopardize the “larger circle of empathy,” he said, the search for solutions to shared problems. “The easy question is, How do I protect me and mine? The more interesting question is, What if civilization actually manages continuity as well as it has managed it for the past few centuries? What do we do if it just keeps on chugging?”
Javier E

Will China overtake the U.S. on AI? Probably not. Here's why. - The Washington Post - 0 views

  • Chinese authorities have been so proactive about regulating some uses of AI, especially those that allow the general public to create their own content, that compliance has become a major hurdle for the country’s companies.
  • As the use of AI explodes, regulators in Washington and around the world are trying to figure out how to manage potential threats to privacy, employment, intellectual property and even human existence itself.
  • But there are also concerns that putting any guardrails on the technology in the United States would surrender leadership in the sector to Chinese companies.
  • ...16 more annotations...
  • Senate Majority Leader Charles E. Schumer (D-N.Y.) last month urged Congress to adopt “comprehensive” regulations on the AI industry.
  • Rather than focusing on AI technology that lets the general public create unique content like the chatbots and image generators, Chinese companies have instead focused on technologies with clear commercial uses, like surveillance tech.
  • n a recent study, Ding found that most of the large language models developed in China were nearly two years behind those developed in the U.S., a gap that would be a challenge to close — even if American firms had to adjust to regulation.
  • This gap also makes it difficult for Chinese firms to attract the world’s top engineering talent. Many would prefer to work at firms that have the resources and flexibility to experiment on frontier research areas.
  • Restrictions on access to the most advanced chips, which are needed to run AI models, have added to these difficulties.
  • Recent research identified 17 large language models in China that relied on Nvidia chips, and just three models that used Chinese-made chips.
  • While Beijing pushes to make comparable chips at home, Chinese AI companies have to source their chips any way they can — including from a black market that has sprung up in Shenzhen, where, according to Reuters, the most advanced Nvidia chips sell for nearly $20,000, more than twice what they go for elsewhere.
  • Despite the obstacles, Chinese AI companies have made major advances in some types of AI technologies, including facial recognition, gait recognition, and artificial and virtual reality.
  • These technologies have also fueled the development of China’s vast surveillance industry, giving Chinese tech giants an edge that they market around the world, such as Huawei’s contracts for smart city surveillance from Belgrade, Serbia, to Nairobi.
  • Companies developing AI in China need to comply with specific laws on intellectual property rights, personal information protection, recommendation algorithms and synthetic content, also called deep fakes. In April, regulators also released a draft set of rules on generative AI, the technology behind image generator Stable Diffusion and chatbots such as OpenAI’s ChatGPT and Google’s Bard.
  • They also need to ensure AI generated content complies with Beijing’s strict censorship regime. Chinese tech companies such as Baidu have become adept at filtering content that contravenes these rules. But it has hampered their ability to test the limits of what AI can do.
  • No Chinese tech company has yet been able to release a large language model on the scale of OpenAI’s ChatGPT to the general public, in which the company has asked the public to play with and test a generative AI model, said Ding, the professor at George Washington University.
  • “That level of freedom has not been allowed in China, in part because the Chinese government is very worried about people creating politically sensitive content,” Ding said.
  • Although Beijing’s regulations have created major burdens for Chinese AI companies, analysts say that they contain several key principles that Washington can learn from — like protecting personal information, labeling AI-generated content and alerting the government if an AI develops dangerous capabilities.
  • AI regulation in the United States could easily fall short of Beijing’s heavy-handed approach while still preventing discrimination, protecting people’s rights and adhering to existing laws, said Johanna Costigan, a research associate at the Asia Society Policy Institute.
  • “There can be alignment between regulation and innovation,” Costigan said. “But it’s a question of rising to the occasion of what this moment represents — do we care enough to protect people who are using this technology? Because people are using it whether the government regulates it or not.”
Javier E

Young people are wising up to the Great British student rip-off - and they're voting wi... - 0 views

  • The tradition of scholars teaching academic subjects part-time while doubling as researchers is a relic of medieval monasticism. Oxbridge operates for just 24 weeks a year while many other universities operate two semesters. Staff and buildings may be otherwise employed, but students will sit idle, doing odd jobs or studying on their own. No one dares challenge this system. Whitehall inspectors never declare universities “failing” or “inadequate” as they do schools.
  • an Ipsos Mori poll showed a falling demand for university among school-leavers, with just 32% being “very likely” to go in 2018. The same trend is evident in the US where college enrolments have been falling for over a decade
  • EY’s Maggie Stilwell, who said there was “no evidence” to conclude that exam success correlated with career success. Personal qualities and professional training were what mattered. Her firm, along with accountants PwC and Grant Thornton, have dropped any requirement of degree classes or even A-level results from their application forms.
  • ...2 more annotations...
  • The Institute of Student Employers records that a declining half of firms now ask for a class of degree, and a quarter explicitly state “no minimum requirements”
  • The age-old debate over whether a university is really an investment, personal or national, as opposed to a middle-class finishing school has never been resolved. British graduates on average earn £10,000 more than their non-graduate contemporaries, but surely some students might have done equally well with the same number of years’ work under their belts, perhaps studying a favourite subject part- or full-time later in life.
Javier E

The New AI Panic - The Atlantic - 0 views

  • export controls are now inflaming tensions between the United States and China. They have become the primary way for the U.S. to throttle China’s development of artificial intelligence: The department last year limited China’s access to the computer chips needed to power AI and is in discussions now to expand the controls. A semiconductor analyst told The New York Times that the strategy amounts to a kind of economic warfare.
  • If enacted, the limits could generate more friction with China while weakening the foundations of AI innovation in the U.S.
  • The same prediction capabilities that allow ChatGPT to write sentences might, in their next generation, be advanced enough to produce individualized disinformation, create recipes for novel biochemical weapons, or enable other unforeseen abuses that could threaten public safety.
  • ...22 more annotations...
  • Of particular concern to Commerce are so-called frontier models. The phrase, popularized in the Washington lexicon by some of the very companies that seek to build these models—Microsoft, Google, OpenAI, Anthropic—describes a kind of “advanced” artificial intelligence with flexible and wide-ranging uses that could also develop unexpected and dangerous capabilities. By their determination, frontier models do not exist yet. But an influential white paper published in July and co-authored by a consortium of researchers, including representatives from most of those tech firms, suggests that these models could result from the further development of large language models—the technology underpinning ChatGPT
  • The threats of frontier models are nebulous, tied to speculation about how new skill sets could suddenly “emerge” in AI programs.
  • Among the proposals the authors offer, in their 51-page document, to get ahead of this problem: creating some kind of licensing process that requires companies to gain approval before they can release, or perhaps even develop, frontier AI. “We think that it is important to begin taking practical steps to regulate frontier AI today,” the authors write.
  • Microsoft, Google, OpenAI, and Anthropic subsequently launched the Frontier Model Forum, an industry group for producing research and recommendations on “safe and responsible” frontier-model development.
  • Shortly after the paper’s publication, the White House used some of the language and framing in its voluntary AI commitments, a set of guidelines for leading AI firms that are intended to ensure the safe deployment of the technology without sacrificing its supposed benefit
  • AI models advance rapidly, he reasoned, which necessitates forward thinking. “I don’t know what the next generation of models will be capable of, but I’m really worried about a situation where decisions about what models are put out there in the world are just up to these private companies,” he said.
  • For the four private companies at the center of discussions about frontier models, though, this kind of regulation could prove advantageous.
  • Convincing regulators to control frontier models could restrict the ability of Meta and any other firms to continue publishing and developing their best AI models through open-source communities on the internet; if the technology must be regulated, better for it to happen on terms that favor the bottom line.
  • The obsession with frontier models has now collided with mounting panic about China, fully intertwining ideas for the models’ regulation with national-security concerns. Over the past few months, members of Commerce have met with experts to hash out what controlling frontier models could look like and whether it would be feasible to keep them out of reach of Beijing
  • That the white paper took hold in this way speaks to a precarious dynamic playing out in Washington. The tech industry has been readily asserting its power, and the AI panic has made policy makers uniquely receptive to their messaging,
  • “Parts of the administration are grasping onto whatever they can because they want to do something,” Weinstein told me.
  • The department’s previous chip-export controls “really set the stage for focusing on AI at the cutting edge”; now export controls on frontier models could be seen as a natural continuation. Weinstein, however, called it “a weak strategy”; other AI and tech-policy experts I spoke with sounded their own warnings as well.
  • The decision would represent an escalation against China, further destabilizing a fractured relationship
  • Many Chinese AI researchers I’ve spoken with in the past year have expressed deep frustration and sadness over having their work—on things such as drug discovery and image generation—turned into collateral in the U.S.-China tech competition. Most told me that they see themselves as global citizens contributing to global technology advancement, not as assets of the state. Many still harbor dreams of working at American companies.
  • “If the export controls are broadly defined to include open-source, that would touch on a third-rail issue,” says Matt Sheehan, a Carnegie Endowment for International Peace fellow who studies global technology issues with a focus on China.
  • What’s frequently left out of considerations as well is how much this collaboration happens across borders in ways that strengthen, rather than detract from, American AI leadership. As the two countries that produce the most AI researchers and research in the world, the U.S. and China are each other’s No. 1 collaborator in the technology’s development.
  • Assuming they’re even enforceable, export controls on frontier models could thus “be a pretty direct hit” to the large community of Chinese developers who build on U.S. models and in turn contribute their own research and advancements to U.S. AI development,
  • Within a month of the Commerce Department announcing its blockade on powerful chips last year, the California-based chipmaker Nvidia announced a less powerful chip that fell right below the export controls’ technical specifications, and was able to continue selling to China. Bytedance, Baidu, Tencent, and Alibaba have each since placed orders for about 100,000 of Nvidia’s China chips to be delivered this year, and more for future delivery—deals that are worth roughly $5 billion, according to the Financial Times.
  • In some cases, fixating on AI models would serve as a distraction from addressing the root challenge: The bottleneck for producing novel biochemical weapons, for example, is not finding a recipe, says Weinstein, but rather obtaining the materials and equipment to actually synthesize the armaments. Restricting access to AI models would do little to solve that problem.
  • there could be another benefit to the four companies pushing for frontier-model regulation. Evoking the specter of future threats shifts the regulatory attention away from present-day harms of their existing models, such as privacy violations, copyright infringements, and job automation
  • “People overestimate how much this is in the interest of these companies,”
  • AI safety as a domain even a few years ago was much more heterogeneous,” West told me. Now? “We’re not talking about the effects on workers and the labor impacts of these systems. We’re not talking about the environmental concerns.” It’s no wonder: When resources, expertise, and power have concentrated so heavily in a few companies, and policy makers are seeped in their own cocktail of fears, the landscape of policy ideas collapses under pressure, eroding the base of a healthy democracy.
Javier E

AI firms must be held responsible for harm they cause, 'godfathers' of technology say |... - 0 views

  • Powerful artificial intelligence systems threaten social stability and AI companies must be made liable for harms caused by their products, a group of senior experts including two “godfathers” of the technology has warned.
  • A co-author of the policy proposals from 23 experts said it was “utterly reckless” to pursue ever more powerful AI systems before understanding how to make them safe.
  • “It’s time to get serious about advanced AI systems,” said Stuart Russell, professor of computer science at the University of California, Berkeley. “These are not toys. Increasing their capabilities before we understand how to make them safe is utterly reckless.”
  • ...14 more annotations...
  • The document urged governments to adopt a range of policies, including:
  • Governments allocating one-third of their AI research and development funding, and companies one-third of their AI R&D resources, to safe and ethical use of systems.
  • Giving independent auditors access to AI laboratories.
  • Establishing a licensing system for building cutting-edge models.
  • AI companies must adopt specific safety measures if dangerous capabilities are found in their models.
  • Making tech companies liable for foreseeable and preventable harms from their AI systems.
  • Other co-authors of the document include Geoffrey Hinton and Yoshua Bengio, two of the three “godfathers of AI”, who won the ACM Turing award – the computer science equivalent of the Nobel prize – in 2018 for their work on AI.
  • Both are among the 100 guests invited to attend the summit. Hinton resigned from Google this year to sound a warning about what he called the “existential risk” posed by digital intelligence while Bengio, a professor of computer science at the University of Montreal, joined him and thousands of other experts in signing a letter in March calling for a moratorium in giant AI experiments.
  • The authors warned that carelessly developed AI systems threaten to “amplify social injustice, undermine our professions, erode social stability, enable large-scale criminal or terrorist activities and weaken our shared understanding of reality that is foundational to society.”
  • They warned that current AI systems were already showing signs of worrying capabilities that point the way to the emergence of autonomous systems that can plan, pursue goals and “act in the world”. The GPT-4 AI model that powers the ChatGPT tool, which was developed by the US firm OpenAI, has been able to design and execute chemistry experiments, browse the web and use software tools including other AI models, the experts said.
  • “If we build highly advanced autonomous AI, we risk creating systems that autonomously pursue undesirable goals”, adding that “we may not be able to keep them in check”.
  • Other policy recommendations in the document include: mandatory reporting of incidents where models show alarming behaviour; putting in place measures to stop dangerous models from replicating themselves; and giving regulators the power to pause development of AI models showing dangerous behaviour
  • Some AI experts argue that fears about the existential threat to humans are overblown. The other co-winner of the 2018 Turing award alongside Bengio and Hinton, Yann LeCun, now chief AI scientist at Mark Zuckerberg’s Meta and who is also attending the summit, told the Financial Times that the notion AI could exterminate humans was “preposterous”.
  • Nonetheless, the authors of the policy document have argued that if advanced autonomous AI systems did emerge now, the world would not know how to make them safe or conduct safety tests on them. “Even if we did, most countries lack the institutions to prevent misuse and uphold safe practices,” they added.
Javier E

Opinion | On Satanic Idols and Free Speech - The New York Times - 0 views

  • To understand the moment, one has to understand the extent to which many religious activists believe that free speech itself is responsible for America’s ongoing secularization and alleged moral decline. They believe the doctrine of viewpoint neutrality — that is, the requirement that the government treat private speakers equally in their access to government facilities — is a proxy for “moral relativism.” Moral relativism is a truly poisonous accusation in conservative and Christian communities, in part because it implies a rejection of immutable or universal truth in favor of a subjective, individual standard — a concept alien, for example, to traditional Christianity.
  • As a free speech advocate, I’ve been fending off the “moral relativism” accusation for years. In 2019, when I wrote in support of the right of drag queens to enjoy the same access to public facilities as anyone else, that was “moral relativism.” When I wrote earlier this month that the right of free speech includes even the right to calls for non-imminent violence — again, this is a matter of settled constitutional law — a scholar named John Grondelski wrote in a Catholic journal that my position was “the offspring of the dictatorship of relativism.”
  • much of my legal career was dedicated to protecting minority religious expression — including evangelical expression — from censorship on American campuses and in American communities. In the course of that representation, I learned three practical truths of free expression.
  • ...9 more annotations...
  • First, few people are more eager to take advantage of free speech rights than people who possess deep moral convictions. When you watch a furious campus debate, the last thing you think is, “Watch the relativists fight.” The combatants possess burning convictions
  • Second, humility isn’t relativism, and even people who believe that absolute truth exists should possess enough humility to recognize they don’t know all that truth.
  • Third, prudent people know that they will not always rule. This is the most pragmatic case for free speech.
  • One of my favorite expressions of American pluralism comes from my friend Barry Corey, president of Biola University, an evangelical college in California. He advocates a life lived with a “firm center and soft edges.” The firm center is the “commitment to that which is true,” and for a Christian that means God’s truth. Soft edges, on the other hand, “means hospitality and kindness, especially toward those we don’t think like, or vote like, or believe like.”
  • American free speech doctrine represents a legal version of that marvelous moral rule. The First Amendment protects our firm center. It’s what ensures our ability to walk into the public square, express our convictions and challenge our nation’s moral and political norms. Does anyone for a moment think that Frederick Douglass, the great abolitionist, was a moral relativist? Yet he’s also the author of one of the most powerful arguments in support of free speech in American history.
  • At the same time, we protect the free speech of others and thereby manifest “hospitality and kindness.” We declare to our opponents that they are equal citizens of our Republic, possessing the same dignity and liberty that we possess ourselves.
  • That’s the key to making pluralism work. Enforced conformity is a recipe for violent conflict, regardless of whether the demand is made from the right, left or middle
  • The defense of liberty, meanwhile, makes diversity sustainable. It allows individuals and communities of differing convictions to flourish across those differences
  • Treating them all equally under the law isn’t relativism. It’s justice, and justice is a fundamental moral obligation of the state.
« First ‹ Previous 41 - 60 of 577 Next › Last »
Showing 20 items per page