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Javier E

Joseph Stiglitz: The problem with Europe is the euro | Business | The Guardian - 0 views

  • Advocates of the euro rightly argue that it was not just an economic project that sought to improve standards of living by increasing the efficiency of resource allocations, pursuing the principles of comparative advantage, enhancing competition, taking advantage of economies of scale and strengthening economic stability. More importantly, it was a political project; it was supposed to enhance the political integration of Europe, bringing the people and countries closer together and ensuring peaceful coexistence.
  • The euro has failed to achieve either of its two principal goals of prosperity and political integration: these goals are now more distant than they were before the creation of the eurozone. Instead of peace and harmony, European countries now view each other with distrust and anger. Old stereotypes are being revived as northern Europe decries the south as lazy and unreliable, and memories of Germany’s behaviour in the world wars are invoked.
  • A single currency entails a fixed exchange rate among the countries, and a single interest rate. Even if these are set to reflect the circumstances in the majority of member countries, given the economic diversity, there needs to be an array of institutions that can help those nations for which the policies are not well suited. Europe failed to create these institutions.
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  • Market fundamentalists believed, for instance, that if only the government would ensure that inflation was low and stable, markets would ensure growth and prosperity for all. While in most of the world market fundamentalism has been discredited, especially in the aftermath of the 2008 global financial crisis, those beliefs survive and flourish within the eurozone’s dominant power, Germany. These beliefs are held with such conviction and certainty, immune to new contrary evidence, that they are rightly described as an ideology.
  • The founders of the euro were guided by a set of ideas and notions about how economies function that were fashionable at the time, but that were simply wrong. They had faith in markets, but lacked an understanding of the limitations of markets and what was required to make them work.
  • It was not simply that the eurozone was not structured to accommodate Europe’s economic diversity; it was that the structure of the eurozone, its rules and regulations, were not designed to promote growth, employment and stability.
  • Germany is talked about as a “success” only by comparison with the other countries of the eurozone.
  • It is perhaps natural that the eurozone’s leaders want to blame the victim – to blame the countries in recession or depression or reeling from a referendum result – for bringing about this state of affairs. They do not want to blame themselves and the great institutions that they have helped create, and which they now head.
  • According to Juncker, Europe is not to be held together because of the benefits that accrue – benefits that far exceed the costs, the economic prosperity, the sense of solidarity, the pride in being a European. No, Europe is to be held together by threats and fear – of what would happen if a country leaves.
  • One of the first lessons of economics is that bygones are bygones. One should always ask: given where we are, what should we do? On both sides of the Channel, politics should be directed at understanding the underlying sources of anger; how, in a democracy, the political establishment could have done so little to address the concerns of so many citizens, and figuring out how to do that now: to create within each country, and through cross-border arrangements, a new, more democratic Europe, which sees its goal as improving the wellbeing of ordinary citizens
  • There are alternatives to the current arrangements that can create a true shared prosperity: the challenge is to learn from the past to create this new economics and politics of the future. The Brexit referendum was a shock. My hope is that the shock will set off waves on both sides of the Channel that will lead to this new, reformed European Union.
Javier E

Minsky's moment | The Economist - 0 views

  • Minsky started with an explanation of investment. It is, in essence, an exchange of money today for money tomorrow. A firm pays now for the construction of a factory; profits from running the facility will, all going well, translate into money for it in coming years.
  • Put crudely, money today can come from one of two sources: the firm’s own cash or that of others (for example, if the firm borrows from a bank). The balance between the two is the key question for the financial system.
  • Minsky distinguished between three kinds of financing. The first, which he called “hedge financing”, is the safest: firms rely on their future cashflow to repay all their borrowings. For this to work, they need to have very limited borrowings and healthy profits. The second, speculative financing, is a bit riskier: firms rely on their cashflow to repay the interest on their borrowings but must roll over their debt to repay the principal. This should be manageable as long as the economy functions smoothly, but a downturn could cause distress. The third, Ponzi financing, is the most dangerous. Cashflow covers neither principal nor interest; firms are betting only that the underlying asset will appreciate by enough to cover their liabilities. If that fails to happen, they will be left exposed.
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  • Economies dominated by hedge financing—that is, those with strong cashflows and low debt levels—are the most stable. When speculative and, especially, Ponzi financing come to the fore, financial systems are more vulnerable. If asset values start to fall, either because of monetary tightening or some external shock, the most overstretched firms will be forced to sell their positions. This further undermines asset values, causing pain for even more firms. They could avoid this trouble by restricting themselves to hedge financing. But over time, particularly when the economy is in fine fettle, the temptation to take on debt is irresistible. When growth looks assured, why not borrow more? Banks add to the dynamic, lowering their credit standards the longer booms last. If defaults are minimal, why not lend more? Minsky’s conclusion was unsettling. Economic stability breeds instability. Periods of prosperity give way to financial fragility.
  • Minsky’s insight might sound obvious. Of course, debt and finance matter. But for decades the study of economics paid little heed to the former and relegated the latter to a sub-discipline, not an essential element in broader theories.
  • Minsky was a maverick. He challenged both the Keynesian backbone of macroeconomics and a prevailing belief in efficient markets.
  • it would be a stretch to expect the financial-instability hypothesis to become a new foundation for economic theory. Minsky’s legacy has more to do with focusing on the right things than correctly structuring quantifiable models. It is enough to observe that debt and financial instability, his main preoccupations, have become some of the principal topics of inquiry for economists today
  • His challenge to the prophets of efficient markets was even more acute. Eugene Fama and Robert Lucas, among others, persuaded most of academia and policymaking circles that markets tended towards equilibrium as people digested all available information. The structure of the financial system was treated as almost irrelevant
  • In recent years, behavioural economists have attacked one plank of efficient-market theory: people, far from being rational actors who maximise their gains, are often clueless about what they want and make the wrong decisions.
  • But years earlier Minsky had attacked another: deep-seated forces in financial systems propel them towards trouble, he argued, with stability only ever a fleeting illusion.
  • Investors were faster than professors to latch onto his views. More than anyone else it was Paul McCulley of PIMCO, a fund-management group, who popularised his ideas. He coined the term “Minsky moment” to describe a situation when debt levels reach breaking-point and asset prices across the board start plunging. Mr McCulley initially used the term in explaining the Russian financial crisis of 1998. Since the global turmoil of 2008, it has become ubiquitous. For investment analysts and fund managers, a “Minsky moment” is now virtually synonymous with a financial crisis.
  • t Messrs Hicks and Hansen largely left the financial sector out of the picture, even though Keynes was keenly aware of the importance of markets. To Minsky, this was an “unfair and naive representation of Keynes’s subtle and sophisticated views”. Minsky’s financial-instability hypothesis helped fill in the holes.
  • As Mr Krugman has quipped: “We are all Minskyites now.”
Javier E

Scathing report on Blair's Iraq War role prompts contrition, defiance and a reckoning -... - 0 views

  • With exacting detail, the report catalogues a succession of failures.
  • British intelligence painted a flawed picture of Iraqi military capacity, with agencies never doubting the existence of WMDs. In fact, the report concluded, Iraq posed “no imminent threat” to Britain. In making their case to the public, Blair and other British officials described the case against Hussein “with a certainty that was not justified.”
  • In their private deliberations, they ignored warnings that the invasion of Iraq could be a boon to Islamist extremists. Groups such as al-Qaeda gained key footholds amid Iraq’s chaos, and militant offshoots later became the foundation for the Islamic State
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  • The British relied almost exclusively on their American counterparts for postwar planning, then failed to deliver the manpower and resources needed to make good on promises to transform Iraq into a functioning, stable democracy.
  • Yet he stood firm on the question of whether he had deceived the public, saying he had taken the country to war “in good faith,” and that the report had validated his contention that “there were no lies” from his government.
  • Speaking in the House of Commons, Cameron urged politicians to learn the lessons of the inquiry, the first being that “taking the country to war should always be a last resort.”
  • The report does not have a direct bearing on the country’s current political chaos, but it is likely to revive for many Britons memories of a rush to war that has come to epitomize betrayal by the nation’s elites. The cynicism of British voters that the Iraq War helped to spawn was on display last month, when many seemed to blithely ignore the warnings of experts that a British exit from the E.U. could spark economic and political chaos.
  • the reaction in Iraq was relatively muted among people too focused on daily survival to worry about another report documenting the West’s failures in their country. After 13 years of violence, the war to depose Hussein hardly seems worth it even to those who celebrated his fall. world europe Get 2016 Olympics updates by email Our best news and analysis from Rio, delivered to your inbox. post_newsletter333 magnet-olympics2016 true endOfArticle false
Javier E

Donald Trump just threatened more violence. Only this time, it's directed at the GOP. -... - 0 views

  • Noting that he’s “representing many millions of people,” he told Chris Cuomo: “If you disenfranchise those people, and you say, ‘I’m sorry, you’re 100 votes short’…I think you’d have problems like you’ve never seen before. I think bad things would happen.”
  • It’s hard to say whether this is intended as a threat or a prediction. But the unsettling fact of the matter is that there is no particular reason to rule out the former — that it was indeed intended as a tacit threat, as least of a certain kind. Trump has been playing a clever little game where he hints at the possibility of violence while stopping short of explicitly threatening it — yet he also doesn’t denounce such an outcome as unacceptable, so his hints effectively function as a threat.
Javier E

A Future Without Jobs? Two Views of the Changing Work Force - The New York Times - 0 views

  • Eduardo Porter: I read your very interesting column about the universal basic income, the quasi-magical tool to ensure some basic standard of living for everybody when there are no more jobs for people to do. What strikes me about this notion is that it relies on a view of the future that seems to have jelled into a certainty, at least among the technorati on the West Coast
  • the economic numbers that we see today don’t support this view. If robots were eating our lunch, it would show up as fast productivity growth. But as Robert Gordon points out in his new book, “The Rise and Fall of American Growth,” productivity has slowed sharply. He argues pretty convincingly that future productivity growth will remain fairly modest, much slower than during the burst of American prosperity in mid-20th century.
  • it relies on an unlikely future. It’s not a future with a lot of crummy work for low pay, but essentially a future with little or no paid work at all.
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  • The former seems to me a not unreasonable forecast — we’ve been losing good jobs for decades, while low-wage employment in the service sector has grown. But no paid work? That’s more a dream (or a nightmare) than a forecast
  • Farhad Manjoo: Because I’m scared that they’ll unleash their bots on me, I should start by defending the techies a bit
  • They see a future in which a small group of highly skilled tech workers reign supreme, while the rest of the job world resembles the piecemeal, transitional work we see coming out of tech today (Uber drivers, Etsy shopkeepers, people who scrape by on other people’s platforms).
  • Why does that future call for instituting a basic income instead of the smaller and more feasible labor-policy ideas that you outline? I think they see two reasons. First, techies have a philosophical bent toward big ideas, and U.B.I. is very big.
  • They see software not just altering the labor market at the margins but fundamentally changing everything about human society. While there will be some work, for most nonprogrammers work will be insecure and unreliable. People could have long stretches of not working at all — and U.B.I. is alone among proposals that would allow you to get a subsidy even if you’re not working at all
  • If there are, in fact, jobs to be had, a universal basic income may not be the best choice of policy. The lack of good work is probably best addressed by making the work better — better paid and more skilled — and equipping workers to perform it,
  • The challenge of less work could just lead to fewer working hours. Others are already moving in this direction. People work much less in many other rich countries: Norwegians work 20 percent fewer hours per year than Americans; Germans 25 percent fewer.
  • Farhad Manjoo: One key factor in the push for U.B.I., I think, is the idea that it could help reorder social expectations. At the moment we are all defined by work; Western society generally, but especially American society, keeps social score according to what people do and how much they make for it. The dreamiest proponents of U.B.I. see that changing as work goes away. It will be O.K., under this policy, to choose a life of learning instead of a low-paying bad job
  • Eduardo Porter: To my mind, a universal basic income functions properly only in a world with little or no paid work because the odds of anybody taking a job when his or her needs are already being met are going to be fairly low.
  • The discussion, I guess, really depends on how high this universal basic income would be. How many of our needs would it satisfy?
  • You give the techies credit for seriously proposing this as an optimal solution to wrenching technological and economic change. But in a way, isn’t it a cop-out? They’re just passing the bag to the political system. Telling Congress, “You fix it.
  • the idea of the American government agreeing to tax capitalists enough to hand out checks to support the entire working class is in an entirely new category of fantasy.
  • paradoxically, they also see U.B.I. as more politically feasible than some of the other policy proposals you call for. One of the reasons some libertarians and conservatives like U.B.I. is that it is a very simple, efficient and universal form of welfare — everyone gets a monthly check, even the rich, and the government isn’t going to tell you what to spend it on. Its very universality breaks through political opposition.
  • Eduardo Porter: I guess some enormous discontinuity right around the corner might vastly expand our prosperity. Joel Mokyr, an economic historian that knows much more than I do about the evolution of technology, argues that the tools and techniques we have developed in recent times — from gene sequencing to electron microscopes to computers that can analyze data at enormous speeds — are about to open up vast new frontiers of possibility. We will be able to invent materials to precisely fit the specifications of our homes and cars and tools, rather than make our homes, cars and tools with whatever materials are available.
  • The question is whether this could produce another burst of productivity like the one we experienced between 1920 and 1970, which — by the way — was much greater than the mini-productivity boom produced by information technology in the 1990s.
  • investors don’t seem to think so. Long-term interest rates have been gradually declining for a fairly long time. This would suggest that investors do not expect a very high rate of return on their future investments. R.&D. intensity is slowing down, and the rate at which new businesses are formed is also slowing.
  • Little in these dynamics suggests a high-tech utopia — or dystopia, for that matter — in the offing
Javier E

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

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

The Paris Agreement is bigger than Trump - CNN.com - 0 views

  • That's the promise of the Paris Agreement on climate change, which 132 countries, including the United States, have ratified or accepted, pledging to make the air less deadly and to prevent the most catastrophic consequences of global warming
  • he United States could not actually nullify the global agreement on its own, and withdrawing from the agreement would take one to four years, depending on the approach. But that may not matter much. The White House says it wants to revive coal, oil and natural gas production, all of which pollute the atmosphere, contributing to the likelihood of mass extinction, worsening droughts, deadlier heat waves, flooded coastal cities and other climate disasters.
  • Because the Paris Agreement does not levy sanctions or fines against countries that fail to meet their pollution-reduction pledges, it's possible the Trump administration could choose to remain in the agreement while basically polluting as usual.Either tactic -- defection or de facto not caring -- could weaken the pact, potentially leading other nations to defect. The United States, after all, is the second biggest annual climate polluter, after China, and helped negotiate the Paris deal.
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  • Some policy experts say it can and should survive, with or without the United States.
  • US officials "stand completely alone on being climate deniers," Jennifer Morgan, executive director of Greenpeace International, told me. "If you look at the speeches from Paris, all the heads of state who came -- all -- and even fossil fuel providers, identified this as a real, science-based issue that they're working to solve together."
  • There's only so much carbon the world can pump into the atmosphere before we're assured of screwing up the targets set in the Paris Agreement, which aims to limit warming to 1.5 or 2 degrees Celsius above pre-industrial levels.
  • By some calculations, we're only five, 10 or perhaps 20-some years away from those red lines if the world keeps polluting at the same staggering rate.
  • Sterman calculated that the United States pulling out of the Paris Agreement, and canceling many Obama-era climate regulations, including the Clean Power Plan, would increase global temperatures on the order of a few tenths of a degree by 2100. That assumes, however, the rest of the world keeps making aggressive cuts. "Assuming that all nations, including the US, aggressively cut emissions, would yield 1.9 degrees Celsius [of warming] by 2100," he said. "But if the US does nothing, then expected warming rises to 2.2 degrees Celsius by 2100."
  • Current pledges made as part of the Paris Agreement, including US commitments, put the world at about 3.4 degrees Celsius of warming by 2100, according to Sterman and Climate Interactive. If the entire agreement fell apart and global emissions continued at their current clip, the planet could expect 4.2 degrees of warming.
  • That could be truly catastrophic. At 6 degrees of warming, for instance, "most of the planetary surface would be functionally uninhabitable," according to Mark Lynas, author of "Six Degrees."
  • Nearly seven in 10 registered voters in the United States say the country "should participate in the international agreement to curb global warming," according to a November 2016 survey from the Yale Program on Climate Change Communication and the George Mason University Center for Climate Change Communication.
Javier E

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

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

Andrew Sullivan: The Madness of King Donald - 0 views

  • all politicians lie. Bill Clinton could barely go a day without some shading or parsing of the truth. Richard Nixon was famously tricky. But all the traditional political fibbers nonetheless paid some deference to the truth — even as they were dodging it. They acknowledged a shared reality and bowed to it. They acknowledged the need for a common set of facts in order for a liberal democracy to function at all.
  • Trump’s lies are different. They are direct refutations of reality — and their propagation and repetition is about enforcing his power rather than wriggling out of a political conundrum. They are attacks on the very possibility of a reasoned discourse, the kind of bald-faced lies that authoritarians issue as a way to test loyalty and force their subjects into submission.
  • No error is ever admitted. Any lie is usually doubled down by another lie — along with an ad hominem attack.
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  • Here is what we are supposed to do: rebut every single lie. Insist moreover that each lie is retracted — and journalists in press conferences should back up their colleagues with repeated follow-ups if Spicer tries to duck the plain truth. Do not allow them to move on to another question. Interviews with the president himself should not leave a lie alone; the interviewer should press and press and press until the lie is conceded.
  • “In the life of every honorable man comes a difficult moment … when the simple statement that this is black and that is white requires paying a high price.”
  • Then there is the obvious question of the president’s mental and psychological health. I know we’re not supposed to bring this up — but it is staring us brutally in the face
  • If you came across someone in your everyday life who repeatedly said fantastically and demonstrably untrue things, what would you think of him? If you showed up at a neighbor’s, say, and your host showed you his newly painted living room, which was a deep blue, and then insisted repeatedly — manically — that it was a lovely shade of scarlet, what would your reaction be?
  • This man is off his rocker. He’s deranged; he’s bizarrely living in an alternative universe; he’s delusional. If he kept this up, at some point you’d excuse yourself and edge slowly out of the room and the house and never return. You’d warn your other neighbors. You’d keep your distance. If you saw him, you’d be polite but keep your distance.
  • I think this is a fundamental reason why so many of us have been so unsettled, anxious, and near panic these past few months. It is not so much this president’s agenda
  • It is that when the linchpin of an entire country is literally delusional, clinically deceptive, and responds to any attempt to correct the record with rage and vengeance, everyone is always on edge.
  • At the core of the administration of the most powerful country on earth, there is, instead, madness.
  • There is no anchor any more
  • With someone like this barging into your consciousness every hour of every day, you begin to get a glimpse of what it must be like to live in an autocracy of some kind
  • He begins to permeate your psyche and soul; he dominates every news cycle and issues pronouncements — each one shocking and destabilizing — round the clock.
  • He delights in constantly provoking and surprising you, so that his monstrous ego can be perennially fed. And because he is also mentally unstable, forever lashing out in manic spasms of pain and anger, you live each day with some measure of trepidation
  • One of the great achievements of free society in a stable democracy is that many people, for much of the time, need not think about politics at all. The president of a free country may dominate the news cycle many days — but he is not omnipresent — and because we live under the rule of law, we can afford to turn the news off at times.
  • In that sense, it seems to me, we already live in a country with markedly less freedom than we did a month ago. It’s less like living in a democracy than being a child trapped in a house where there is an abusive and unpredictable father, who will brook no reason, respect no counter-argument, admit no error, and always, always up the ante until catastrophe inevitably strikes
  • I’ve managed to see Scorsese’s Silence twice in the last couple of weeks. It literally silenced me. It’s a surpassingly beautiful movie — but its genius lies in the complexity of its understanding of what faith really is
Javier E

Sharia law may be coming to America. But it's Christians who are bringing it. - The Was... - 0 views

  • Much-dreaded “sharia law,” or something resembling it, may well be coming to the United States.
  • the religiously motivated laws creeping into public policymaking aren’t based on the Koran, and they aren’t coming from mythical hard-line Islamists in, say, Dearborn, Mich. They’re coming from the White House, which wants to make it easier for hard-line Christians to impose their beliefs and practices on the rest of us.
  • He vowed to help blur the line between church and state by repealing the Johnson Amendment.
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  • this tax code provision bars tax-exempt entities such as churches and charitable organizations from participating in campaigns for or against political candidates. It dates to 1954, when it was signed by Republican President Dwight D. Eisenhower. It was not terribly controversial at the time.
  • The provision basically says that if you want to be exempted from paying taxes — meaning you are effectively subsidized by other taxpayers, who pay for your access to emergency services, roads and other government functions — you can’t be involved in partisan politics. You can’t, among other things, take tax-deductible donations from your worshippers and turn around and spend them on political campaigns.
  • during the campaign, Trump indicated he’d do his darnedest to get them what they really want: not the ability to endorse candidates from the pulpit — a practice that the IRS has already been ignoring — but the ability to funnel taxpayer-subsidized funds into the political process.
  • the most recent Republican platform included a commitment to repeal the Johnson Amendment.
  • The effect of the order might be to create wholesale exemptions to anti-discrimination law for people, nonprofits and closely held for-profit corporations that claim religious objections to same-sex marriage, premarital sex, abortion and transgender identity. It would also curb women’s access to contraception through the Affordable Care Act.
  • This is, of course, all in the name of preserving religious freedom. Except that it allows some people to practice religious freedom by denying jobs, services and potentially public accommodation to those with differing beliefs.
  • I wish I could say that only a tiny fringe believes Christian practices deserve pride of place in public life and policymaking. But that’s not the case.
  • In a poll released this week by the Pew Research Center, Americans were asked what made someone “truly American.” A third of respondents overall, and 43 percent of Republicans, said you need to be Christian. That would exclude me, as well as about 30 percent of the population.
redavistinnell

In the Face of Weighty Problems, Trump Focuses on Squabbles - The New York Times - 0 views

  • In the Face of Weighty Problems, Trump Focuses on Squabbles
  • The morning after North Korea launched a ballistic missile into the sea, apparently to test President Trump’s resolve in his first days in office, the new commander in chief wanted to make one thing very clear to the world: Mark Cuban, the billionaire Dallas Mavericks owner, was not smart enough to have his job.
  • “He backed me big-time but I wasn’t interested in taking all of his calls. He’s not smart enough to run for president!”
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  • The president might have been reacting to a report on Sunday in The New York Post that White House aides view Mr. Cuban as a potential campaign rival in 2020, or to comments Mr. Cuban made to The Fort Worth Star-Telegram on Friday warning corporate executives to be careful in their dealings with Mr. Trump.
  • It offered a reminder three weeks into his tenure that even as he faces weighty problems, he is often preoccupied with the narrowest of gripes.
  • He swiped at Senator John McCain, Republican of Arizona, for criticizing the counterterrorism raid in Yemen that resulted in the death of a Navy SEAL.
  • Mr. Trump said Mr. McCain’s critique “only emboldens the enemy,” and in a pair of postings on Twitter, he said that the senator, who is the chairman of the Armed Services Committee and was taken prisoner during the Vietnam War, has “been losing for so long he doesn’t know how to win anymore.”
  • “Ask Senator Blumenthal about his Vietnam record that didn’t exist after years of saying it did,
  • Mr. Trump’s swing at Mr. Blumenthal was itself a function of yet another feud he has pursued, often in incendiary tones, against the judicial branch as it weighs the legality of his executive order banning travelers from seven predominantly Muslim countries.
  • He ratcheted up the insults during a speech to law enforcement officials from around the country, calling a hearing by a three-judge appeals court panel to review the stay “disgraceful” and comparing the intellect of the judges unfavorably with a poor student in high school.
  • Days later, Mr. Trump blamed journalists in a posting in which he expressed pride in Ms. Trump, whom he said had been “abused and treated so badly by the media.”
  • That Mr. Trump is willing, and even eager, to ignore those conventions, his aides say, is one reason his supporters adore him.
  • “He doesn’t hold it back, he’s authentic and he’s not going to sit back, I think, when he feels very passionately about something.”
  • “If you go back and listen to the tapes, they would talk privately with members of Congress or their staffs, and Nixon would say some pretty crazy things — about Jews, about people in the media who were out to get him — some of it was very petty, personal stuff,” Mr. Dallek said. “What is unusual is that President Trump is doing this publicly and it’s a near-daily occurrence, it’s multiple times a week.”
  • In a post on Twitter responding to Mr. Trump’s insult on Sunday, Mr. Cuban shared a letter he had written to the president during his campaign last year, in which he advised Mr. Trump to drill down on policy specifics instead of improvisin
Javier E

How to Muddy Your Tracks on the Internet - NYTimes.com - 0 views

  • There are no secrets online. That emotional e-mail you sent to your ex, the illness you searched for in a fit of hypochondria, those hours spent watching kitten videos (you can take that as a euphemism if the kitten fits) — can all be gathered to create a defining profile of you.
  • Your information can then be stored, analyzed, indexed and sold as a commodity to data brokers who in turn might sell it to advertisers, employers, health insurers or credit rating agencies.
  • you can take steps to do the technological equivalent of throwing on a pair of boxers and a T-shirt. Some of these measures are quite easy and many are free.
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  • He advised logging off sites like Google and Facebook as soon as practicably possible and not using the same provider for multiple functions if you can help it. “If you search on Google, maybe you don’t want to use Gmail for your e-mail,”
  • Another shrouding tactic is to use the search engine DuckDuckGo, which distinguishes itself with a “We do not track or bubble you!” policy. Bubbling is the filtering of search results based on your search history. (Bubbling also means you are less likely to see opposing points of view or be exposed to something fresh and new.)
  • turn on your browser’s “private mode,” usually found under Preferences, Tools or Settings. When this mode is activated, tracking cookies are deleted once you close your browser, which “essentially wipes clean your history,”
  • private mode does nothing to conceal your I.P. address, a unique number that identifies your entry or access point to the Internet. So Web sites may not know your browsing history, but they will probably know who you are and where you are as well as when and how long you viewed their pages.
  • Shielding your I.P. address is possible by connecting to what is called a virtual private network, or V.P.N., such as those offered by WiTopia, PrivateVPN and StrongVPN. These services, whose prices price from $40 to $90 a year, route your data stream to what is called a proxy server, where it is stripped of your I.P. address before it is sent on to its destination. This obscures your identity not only from Web sites but also from your Internet service provider.
  • there is Tor, a free service with 36 million users that was originally developed to conceal military communications. Tor encrypts your data stream and bounces it through a series of proxy servers so no single entity knows the source of the data or whence it came. The only drawback is that with all that bouncing around, it is very S-L-O-W.
  • Free browser add-ons that increase privacy and yet will not interrupt your work flow include Ghostery and Do Not Track Plus, which prevent Web sites from relaying information about you and your visit to tracking companies.
  • “Companies like Google are creating these enormous databases using your personal information,” said Paul Hill, senior consultant with SystemExperts, a network security company in Sudbury, Mass. “They may have the best of intentions now, but who knows what they will look like 20 years from now, and by then it will be too late to take it all back.”
Javier E

Business - Lori Gottlieb - Why There's No Such Thing as 'Having It All'-and There Never... - 1 views

  • somebody has to state two basic facts:
  • Nobody, male or female, married or single, young or old, tall or short, educated or not, pretty or plain, wealthy or poor, with kids or without, can have it all -
  • Recognizing this makes people happier!
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  • High powered jobs come with high-powered workloads, high-powered commitments and, often, high-powered salaries. If that's what a person -- male or female, kids or no kids -- chooses, trade-offs will always be involved, whether you're trading your sleep, your health, your leisure time, your social life, or time with your kids.
  • any reasonable adult would explain that the world does not revolve around one particular person; that the child can't be two places at the same time; that she must choose one activity or the other; and that, in so choosing, she gains one opportunity but forfeits another.
  • How does a smart woman like Slaughter still believe in the childlike notion that people (of either gender) can have whatever they want whenever they want it, regardless of life's intrinsic constraints?
  • I work from home three days a week and am away at my office the other two, and as far as my son is concerned, my being home is no different from my being at the office. Am I spending quality time with my son when I'm working from home? No. I'm working! Would I get any work done if I were interacting with my son while trying to focus and write on deadline? Of course not.
  • So why do women with choices have such a hard time accepting this? Thirty years ago women used to complain that they wanted "a wife." Now that women like Slaughter have wives (in the guise of her husband who, functioning as a single dad, took care of two kids and the entire household every weekday for two years while he also held down a job and earned a living), they don't like being the husband very much. To their surprise, it turns that husbands don't "have it all" either. And Slaughter is mad as hell to have worked this hard and given up so much only to discover that being the husband kind of sucks. Being the husband requires far more compromise than she and many high-powered women ever imagined.
  • Most women, given the luxury of choice, might or might not decide to work in some capacity, but they wouldn't decide to be high-powered executives, even if they had the talent, education, and opportunity to do so. As Slaughter discovered about her own desires, they'd rather be doing the carpools and play dates and volunteering at school and staying home when their child has strep throat without suffering massive amounts of guilt. They don't want to die young and look ten years older than their actual age because of undue amounts of stress trying to keep up with their kids' lives and hold down a demanding job at the same time.
  • Just as Slaughter wants it both ways, so does the rhetoric around gender. Look at the recent covers of this magazine. On the one hand, women are told that they're superior to men (Hanna Rosin's "The End of Men," Kate Bolick's there's-a-scarcity-of-men-in-my-league "All the Single Ladies") and in the same breath, that they're victims of them (Slaughter's piece).
  • The real problem is that technology has made it possible to work 24/7, so that the boundary between work and our personal lives has disappeared. Our cubicles are in our pockets, at the dinner table, next to our beds and even next to our children's beds as we're tucking them in. In many households, one income isn't enough, and both men and women have to work long hours -- longer hours than ever before -- to make ends meet.
  • The problem here is that many people work too much -- not just women, and not just parents.
Javier E

Roberts's Rules - The Atlantic - 0 views

  • Roberts seemed frustrated by the degree to which the media focused on the handful of divisive cases rather than on the greater number of unanimous ones, and also by the degree to which some of his colleagues were acting more like law professors than members of a collegial Court.
  • “If the Court in Marshall’s era had issued decisions in important cases the way this Court has over the past thirty years, we would not have a Supreme Court today of the sort that we have,” he said. “That suggests that what the Court’s been doing over the past thirty years has been eroding, to some extent, the capital that Marshall built up.” Roberts added, “I think the Court is also ripe for a similar refocus on functioning as an institution, because if it doesn’t it’s going to lose its credibility and legitimacy as an institution.”
  • Roberts believes that Marshall’s temperament and worldview came from his experiences as a soldier at Valley Forge, where he developed a commitment to the success of the nation. “Some have speculated that the real root of Marshall’s ill feeling to Jefferson was that Jefferson was not at Valley Forge, was not in the fight, and had what Marshall might regard as a somewhat precious attachment to ideas for the sake of ideas, while Marshall was more personally invested in the success of the American experiment.
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  • Roberts said his decision to embrace Marshall’s vision was a reaction to “the personalization of judicial politics.”
  • Roberts praised justices who were willing to put the good of the Court above their own ideological agendas. “A justice is not like a law professor, who might say, ‘This is my theory … and this is what I’m going to be faithful to and consistent with,’ and in twenty years will look back and say, ‘I had a consistent theory of the First Amendment as applied to a particular area,’”
  • Instead of nine justices moving in nine separate directions, Roberts said, “it would be good to have a commitment on the part of the Court to acting as a Court, rather than being more concerned about the consistency and coherency of an individual judicial record.”
  • I think it’s bad, long-term, if people identify the rule of law with how individual justices vote.”
  • n Roberts’s view, the most successful chief justices help their colleagues speak with one voice. Unanimous, or nearly unanimous, decisions are hard to overturn and contribute to the stability of the law and the continuity of the Court; by contrast, closely divided, 5–4 decisions make it harder for the public to respect the Court as an impartial institution that transcends partisan politics.
  • “It’s sobering to think of the seventeen chief justices; certainly a solid majority of them have to be characterized as failures,” Roberts said with a rueful smile. “The successful ones are hard to number.”
  • “the chief’s ability to get the Court to do something is really quite restrained.
Javier E

Come On, China, Buy Our Stuff! - NYTimes.com - 0 views

  • In 2000, the United States forged its current economic relationship with China by permanently granting it most-favored-nation trade status and, eventually, helping the country enter the World Trade Organization. The unspoken deal, though, went something like this: China could make a lot of cheap goods, which would benefit U.S. consumers, even if it cost the country countless low-end manufacturing jobs. And rather than, say, fight for an extra bit of market share in Chicago, American multinationals could offset any losses because of competition by entering a country with more than a billion people — including the fastest-growing middle class in history — just about to buy their first refrigerators, TVs and cars. It was as if the United States added a magical 51st state, one that was bigger and grew faster than all the others. We would all be better off.
  • European companies have done much better than American ones because they’ve had to practice selling across borders and cultures for decades.
  • China’s households save more than a quarter of their money, while Americans save less than 4 percent.
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  • a successful professional in Shanghai knows that she will have to bear any future health care or retirement costs for herself and, because of the one-child policy, for her parents and grandparents too.
  • Every month, the United States buys around $35 billion in goods and services from China and sells around $11 billion back. That, of course, leaves a $24 billion trade deficit.
  • The economists that I spoke to estimated that China’s currency policy has cost the U.S. between 200,000 and 3 million jobs
  • China’s government prevents that adjustment by artificially increasing the demand for dollars, spending much of that $24 billion surplus on U.S. Treasury bonds. This sounds boring, but it effectively makes all Chinese exports somewhere around 25 percent cheaper and all U.S. imports to China, effectively, about 25 percent more expensive
  • all that easy money from China helped make the housing bubble much bigger and last longer, which created a far bigger crisis when the bubble finally burst.
  • The currency intervention also functions as a massive inequality-creation machine. U.S.-based behemoths, which own or use many of those exporting Chinese factories, benefit, as do their shareholders. And because more than 90 percent of U. S. stocks are owned by the wealthiest 20 percent, the spoils are disproportionately concentrated at the top. Meanwhile, lower wages, lost jobs and crippled manufacturing employment fall on the less wealthy.
  • Every month, the United States is demanding a lot of renminbi and China is demanding few U.S. dollars. The natural result should be for the dollar to get weaker as the renminbi gets stronger.
  • it may seem odd that China’s currency policy isn’t the beginning and end of every single political stump speech. After all, it’s probably the one thing that, if changed, could instantly bring both jobs and more equality to this country. I can’t think of any other economic agenda that would receive the support of unions and big business, free traders and protectionists, Wall Street Occupiers and Tea Partiers.
Javier E

The Weekend Interview With Norman Davies: The Emperor of Vanished Kingdoms - WSJ.com - 1 views

  • Norman Davies, Britain's pre-eminent historian of Europe. From where he sits, Europe's problem is one of failed governance. "It all started, I guess, in the 1990s, with the Yugoslav wars and the inability of the Europeans to do anything basic about a war in their backyard."
  • "I now feel that the thing that is being proved wrong is what some people call the 'gradualist fallacy'—that . . . you drive European integration forward by economic means," he says. "And it's just wrong."
  • After World War II, Europeans set about forming a union along three axes: politics, defense and economics. Britain quickly rejected political union, however, and soon enough NATO came along to become the only defense union Western Europe needed. An economic union—the European Economic Community, established in 1957—was the only remaining pillar of integration left to pursue.
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  • Europe has had only four years since the war when it didn't have its hands full—not much time to make a functioning union for 500 million people.
  • Instead, Mr. Davies says, the EU has become a vehicle by which the stronger countries promote their interests—led, for the moment, by the tag team of German Chancellor Angela Merkel and French President Nicolas Sarkozy. "So although all the member states have to be democracies—this is one of the conditions for entry—they're not required to act democratically once they're in."
  • "There are one or two people around," he says, "who might, at the meeting of the Council of Ministers, instead of doing [the] horse-trading which goes on all the time, say, 'Enough of all of this. We are all going to lose the European Union unless we do something today.'"
  • "A lot of this crisis is to do with a period of economic growth, limitless money, people not worrying about getting into debt—mind-sapping comfort." He adds, "Western Europeans to a large extent are still in that comfort zone, whereas East Europeans have lived through much harder times and are much more appreciative of the degree of freedom and prosperity that they have got, that 20 years ago they didn't."
  • "Europe 100 years ago was bullish," he says, and there's something in the American psyche that bears uncanny resemblance to Europeans' optimism, in the years before World War I broke out in 1914, about their peaceful, prosperous future. Does pride come before the fall? "The United States is this late-19th-century, 20th-century power which has a lot of those attitudes," he says.
  • "It's like an avalanche, where you've got a huge frozen snowfield, which on the surface looks absolutely ideal. . . . All the changes in the ice field come from the sun shining on them, and the water melts underneath. But you can't actually see it. And you equally can't see which part of the snowfield is going to move first."
  • "But it happens in a second. Before the avalanche, the sun shines, it looks beautiful, and there's a sound like a gunshot, where the ice cracks. And the whole damn lot falls into the valley."
Javier E

James Q. Wilson Dies at 80 - Originated 'Broken Windows' Policing Strategy - NYTimes.com - 0 views

  • his most influential theory holds that when the police emphasize the maintenance of order rather than the piecemeal pursuit of rapists, murderers and carjackers, concentrating on less threatening though often illegal disturbances in the fabric of urban life like street-corner drug-dealing, graffiti and subway turnstile-jumping, the rate of more serious crime goes down.
  • The approach is psychologically based. It proceeds from the presumption, supported by research, that residents’ perceptions of the safety of their neighborhood is based not on whether there is a high rate of crime, but on whether the neighborhood appears to be well tended — that is, whether its residents hold it in mutual regard, uphold the locally accepted obligations of civility, and outwardly disdain the flouting of those obligations.
  • acts of criminality are fostered by such an “untended” environment, and that the solution is thus to tend it by being intolerant of the smallest illegalities. The wish “to ‘decriminalize’ disreputable behavior that ‘harms no one’ — and thus remove the ultimate sanction the police can employ to maintain neighborhood order — is, we think, a mistake,” Mr. Wilson and Mr. Kelling wrote. “Arresting a single drunk or a single vagrant who has harmed no identifiable person seems unjust, and in a sense it is. But failing to do anything about a score of drunks or a hundred vagrants may destroy an entire community.”
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  • when a window is broken and someone fixes it, that is a sign that disorder will not be tolerated. But “one unrepaired broken window,” they wrote, “is a signal that no one cares, and so breaking more windows costs nothing.”
  • “The importance of what Wilson and Kelling wrote was the emphasis not only on crime committed against people but the emphasis on crimes committed against the community, neighborhoods,”
  • “I know my political ideas affect what I write,” he acknowledged in a 1998 interview in The Times, “but I’ve tried to follow the facts wherever they land. Every topic I’ve written about begins as a question. How do police departments behave? Why do bureaucracies function the way they do? What moral intuitions do people have? How do courts make their decisions? What do blacks want from the political system? I can honestly say I didn’t know the answers to those questions when I began looking into them.”
Javier E

Kohr Principles - NYTimes.com - 0 views

  • Geographical size not only influences how countries view themselves; it also determines how they interact. The wrong mix of sizes can be disastrous for international equilibrium. One could argue, for example, that this was a factor in both world wars. Or as Henry Kissinger succinctly put it: “Poor old Germany. Too big for Europe, too small for the world.”
  • Leopold Kohr, a 20th-century Austrian academic whose work inspired both modern political anarchism and the Green movement.
  • “The Breakdown of Nations.” Published first in Britain, in 1957, the book develops his theory of the optimal size of polities: “There seems to be only one cause behind all forms of social misery: bigness.” Size was the root of all evil: “Whenever something is wrong, it is too big.”
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  • Kohr’s guiding principle was anarchism, “the noblest of philosophies.” But its inherent nobility, he recognized, also made it utopian:
  • Kohr cleverly turned this utopianism upside down, from weakness to strength: any party, any leader, any ideology promising utopia is automatically wrong, or lying [7]. Acceptance of utopia’s unattainability, in other words, is the best insurance against totalitarianism.
  • The strength of the American federation, Kohr thought, rested in no small part on the genius of its division: into states of roughly equal size. How different American history could have coursed, if the Union had looked like this:
  • Kohr supported the independence movements of Puerto Rico, Wales and Anguilla [8], and opposed grand unification projects like the European Union. He appealed for the breakup of Czechoslovakia and Yugoslavia, long before they happened
  • : “The absolute maximum to which a society can expand without having its basic functions degrade, is about 12 to 15 million people.”
  • One of his 10 basic laws is the so-called Beanstalk Principle: For every animal, object, institution or system, there is an optimal limit beyond which it ought not to grow. In other words: “too big to fail” is a contradiction in terms. The real solution is to make countries (and companies) too small to fai
  • in Kohr’s vision, smaller government should mean, first and foremost, a smaller area to govern.
  • In 1992, Freddy Heineken — yes, he of beer-brewing fame — devised Eurotopia, a Europe divided into 75 regions, based on Kohr’s ideas. And much earlier, revolutionary France produced a proposal for geometrically identical départements [12] prefiguring Kohr’s Europe map.
  • Some other Kohr principles: the Law of Peripheral Neglect (governmental concern, like marital fidelity or gravitational pull, diminishes with the square of distance); the Population Principle (as the size of a population doubles, its complexity quadruples); and the Self-Reliance Principle (self-reliant communities are less likely to get involved in war than those who depend on global trade systems).
Javier E

Cyberattack Hits Iranian PCs - WSJ.com - 0 views

  • Flame is the biggest and most high-functioning cyberweapon ever discovered, various cybersecurity experts said. It is comprised of multiple files that are 20 times larger than Stuxnet and carry about 100 times more code than a basic virus, experts said.
  • The most alarming feature, experts said, is that Flame can be highly versatile, depending on instructions by its controller. The malware can steal data and social-network conversations, take snapshots of computer screens, penetrate across networks, turn on a computer's microphone to record audio and scan for Bluetooth-active devices.
  • Experts said they believe Flame reports back the information to a central command-and-control network that has constantly changed location. Analysts found servers in Germany, Vietnam, Turkey, Italy and elsewhere, but haven't located the main server.
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  • U.S. officials draw a distinction between cyber espionage and cyberattacks, which have a destructive or manipulative purpose and could be considered an act of war.
Javier E

Jon Stewart, Religion Teacher Extraordinaire | Religion & Politics - 0 views

  • Stewart and his writers do two things that make them unique on popular television. First, they cover — and yes, I would say “cover,” not just satirize or mock — a wide range of religions. If you watched only The Daily Show, you would nonetheless learn, in time, about Judaism, Christianity, Islam, Hinduism, and a whole spectrum of smaller faiths, a category that I would argue includes atheism. And second, they pay attention to points of theology that more traditional news and talk shows skip over. Using chunks of time that would be unthinkable on a network newscast — six minutes for a segment on Mormonism! — The Daily Show teaches the finer points of belief, mining them for humor but at the same time serving a real educational function. 
  • The Daily Show approaches American religion in the spirit of tolerance, but not with the wimpy, eager-to-please hand-wringing that characterizes so much liberal dialogue in this country. Rather, religions are shown to be strange and possibly cringe-inducing: our job is to take an honest look, then tolerate them anyway. It’s a call to rigorous citizenship.
  • There is no apparent ideology, either religious or skeptical, animating Stewart’s treatment of religion. More than anything, he and his writers have the scrupulosity of objective journalists. They win laughs without deforming, or even exaggerating, the religion’s actual beliefs. This is an extraordinary feat. Most religious humor, especially on television or in the movies, depends on stereotypes, which are by definition crude and reductive. Stewart’s writers, by contrast, find humor in the specifics of each faith.
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