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Javier E

How The 0.1 Percent Lives Now - The Dish | By Andrew Sullivan - The Daily Beast - 0 views

  • Wealthy individuals may have been hiding as much as $32 trillion offshore at the end of 2010, according to Tax Justice Network, a U.K.-based organization that campaigns for transparency in the financial system. The estimate is almost three times the organization’s last estimate of $11.5 trillion in 2005. Fewer than 100,000 people own $9.8 trillion of offshore assets, according to the research, carried out by former McKinsey & Co. economist James Henry. There is a "huge black hole in the world economy" of untaxed private wealth, Henry said in a statement. "The lost tax revenue implied by our estimates is huge."
  • "These estimates reveal a staggering failure," says John Christensen of the Tax Justice Network. "Inequality is much, much worse than official statistics show, but politicians are still relying on trickle-down to transfer wealth to poorer people. This new data shows the exact opposite has happened: for three decades extraordinary wealth has been cascading into the offshore accounts of a tiny number of super-rich." ... In many cases, the total worth of these assets far exceeds the value of the overseas debts of the countries they came from.
  • We increasingly live in two worlds: the one where 99.9 percent of us live, and a separate, transnational society of the super-wealthy. One of whom we may elect to the presidency of the United States with the avowed intent of making those extremely wealthy people even wealthier.
Javier E

Give Malta Your Tired and Huddled, and Rich - NYTimes.com - 0 views

  • Motivated in part by economic stress, and in part by what some call crass opportunism, the idyllic island 50 miles south of Sicily is selling citizenship for $880,000 in cash and $677,000 in property and investments to applicants 18 or older willing to pay the price.
  • the program, which is aimed at attracting well-heeled residents from abroad, could bring in $1.35 billion in the next five years, providing welcome financing for schools, health care and jobs.
  • Being a citizen of Malta, which is part of the European Union’s passport-free zone, will confer the right to travel among the union’s 27 other member states without border formalities. A newly minted Maltese citizen will also be able to live and work in another European Union country, and will gain the right to visa-free travel to 69 non-European Union countries, including the United States.
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  • Under pressure from European Union officials in Brussels, Malta this week agreed to require foreigners seeking to buy Maltese passports to be residents for at least one year. It has also vowed to carefully vet applicants. Yet initial plans to limit to 1,800 the number of passports granted have been scrapped.
  • Cyprus recently slashed the amount of investment required to be eligible for citizenship, to $4.06 million from $13.5 million. It is also offering citizenship to foreigners who lost at least €3 million during the recent bailout crisis.
  • The Caribbean island federation of St. Kitts and Nevis offers citizenship for those who can invest $250,000
  • Portugal and Belgium offer residency permits leading to citizenship in exchange for big investments.
  • Crisis-hit Spain offers residency permits to foreigners who buy homes worth more than $260,000, with the aim of drawing Chinese and Russian investment.
Javier E

Apple's Irish Luck - NYTimes.com - 0 views

  • Ireland has long had one of the lowest corporate tax rates in Europe; it’s currently 12.5 percent.
  • it did a lot more than simply offer a low corporate tax rate. It set itself up as a kind of European tax haven, so that companies like Google, Facebook, Microsoft and others could, in effect, buy an Irish address to which they could transfer a great deal of their intellectual property and route profits accrued elsewhere through the Irish subsidiary. This is called transfer pricing. Companies could also take advantage of other loopholes in the Irish tax code to get their tax bill considerably lower than 12.5 percent.
  • In 1991, Apple essentially negotiated how much tax the company would pay. It did so after it had explicitly “mentioned by way of background information that Apple was now the largest employer in the Cork area with 1,000 direct employees and 500 persons engaged on a sub-contract basis,” again according to Almunia’s letter. Apple also acknowledged that it had “no scientific basis” for the amount of tax it was willing to pay. The deal was then “reverse engineered” so that Apple’s profits would wind up in the range that would yield the suggested taxes.
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  • Here then is one difference between what transpires in the U.S. and what transpires in Europe: The E.U. has rules intended to prevent nations from giving unjustified tax breaks to companies. “In Europe there is now a mechanism to prevent the most harmful abuses” of the tax code, said Matthew Gardner, the executive director of the Institute on Taxation and Economic Policy. It has taken a while — and required an outraged public to spur it on — but the E.U. finally seems intent on curbing excesses like Apple’s tax deal in Ireland.
  • It’s a good thing that the E.U. is trying to curb unjustified tax breaks. Maybe it’s time to do the same here.
Cecilia Ergueta

The Middle East: The tragedy of the Arabs | The Economist - 0 views

  • slam, or at least modern reinterpretations of it, is at the core of some of the Arabs’ deep troubles. The faith’s claim, promoted by many of its leading lights, to combine spiritual and earthly authority, with no separation of mosque and state, has stunted the development of independent political institutions.
  • But religious extremism is a conduit for misery, not its fundamental cause (see article). While Islamic democracies elsewhere (such as Indonesia—see article) are doing fine, in the Arab world the very fabric of the state is weak.
  • Economic stagnation bred dissatisfaction. Monarchs and presidents-for-life defended themselves with secret police and goons. The mosque became a source of public services and one of the few places where people could gather and hear speeches. Islam was radicalised and the angry men who loathed their rulers came to hate the Western states that backed them. Meanwhile a vast number of the young grew restless because of unemployment.
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  • The absence of a liberal state has been matched by the absence of a liberal economy. After independence, the prevailing orthodoxy was central planning, often Soviet-inspired. Anti-market, anti-trade, pro-subsidy and pro-regulation, Arab governments strangled their economies.
  • only the Arabs can reverse their civilisational decline, and right now there is little hope of that happening. The extremists offer none. The mantra of the monarchs and the military men is “stability”. In a time of chaos, its appeal is understandable, but repression and stagnation are not the solution.
  • ultimately fanatics devour themselves. Meanwhile, wherever possible, the moderate, secular Sunnis who comprise the majority of Arab Muslims need to make their voices heard. And when their moment comes, they need to cast their minds back to the values that once made the Arab world great. Education underpinned its primacy in medicine, mathematics, architecture and astronomy. Trade paid for its fabulous metropolises and their spices and silks. And, at its best, the Arab world was a cosmopolitan haven for Jews, Christians and Muslims of many sects, where tolerance fostered creativity and invention.
Javier E

Inequality Is Not Inevitable - NYTimes.com - 0 views

  • The Great Divide, a series in The New York Times for which I have served as moderator, has also presented a wide range of examples that undermine the notion that there are any truly fundamental laws of capitalism. The dynamics of the imperial capitalism of the 19th century needn’t apply in the democracies of the 21st.
  • We don’t need to have this much inequality in America.
  • Our current brand of capitalism is an ersatz capitalism.
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  • For proof of this go back to our response to the Great Recession, where we socialized losses, even as we privatized gains. Perfect competition should drive profits to zero, at least theoretically, but we have monopolies and oligopolies making persistently high profits. C.E.O.s enjoy incomes that are on average 295 times that of the typical worker, a much higher ratio than in the past, without any evidence of a proportionate increase in productivity.
  • f it is not the inexorable laws of economics that have led to America’s great divide, what is it? The straightforward answer: our policies and our politics.
  • Sweden, Finland and Norway have all succeeded in having about as much or faster growth in per capita incomes than the United States and with far greater equality.
  • why has America chosen these inequality-enhancing policies? Part of the answer is that as World War II faded into memory, so too did the solidarity it had engendered.
  • As America triumphed in the Cold War, there didn’t seem to be a viable competitor to our economic model. Without this international competition, we no longer had to show that our system could
  • Some drew the wrong lesson from the collapse of the Soviet system. The pendulum swung from much too much government there to much too little here.
  • Corporate interests argued for getting rid of regulations
  • But this ideology was hypocritical. The bankers, among the strongest advocates of laissez-faire economics, were only too willing to accept hundreds of billions of dollars from the government
  • The American political system is overrun by money. Economic inequality translates into political inequality, and political inequality yields increasing economic inequality
  • Economic and geographic segregation have immunized those at the top from the problems of those down below. Like the kings of yore, they have come to perceive their privileged positions essentially as a natural right.
  • The true test of an economy is not how much wealth its princes can accumulate in tax havens, but how well off the typical citizen is — even more so in America where our self-image is rooted in our claim to be the great middle-class society. But median incomes are lower than they were a quarter-century ago.
  • With almost a quarter of American children younger than 5 living in poverty, and with America doing so little for its poor, the deprivations of one generation are being visited upon the next
  • why is America one of the advanced countries where the life prospects of the young are most sharply determined by the income and education of their parents?
  • Those with only a high school diploma have seen their incomes decline by 13 percent over the past 35 years.
  • mass incarceration has come to define America — a country, it bears repeating, with about 5 percent of the world’s population but around a fourth of the world’s prisoners.
  • access to health care is among the most universally accepted rights, at least in the advanced countries. America, despite the implementation of the Affordable Care Act, is the exception. It has become a country with great divides in access to health care, life expectancy and health status.
  • Obamacare’s objective — to ensure that all Americans have access to health care — has been stymied: 24 states have not implemented the expanded Medicaid program, which was the means by which Obamacare was supposed to deliver on its promise to some of the poorest.
  • The problem of inequality is not so much a matter of technical economics. It’s really a problem of practical politics. Ensuring that those at the top pay their fair share of taxes — ending the special privileges of speculators, corporations and the rich — is both pragmatic and fair
  • We are not embracing a politics of envy if we reverse a politics of greed.
  • Inequality is not just about the top marginal tax rate but also about our children’s access to food and the right to justice for all. If we spent more on education, health and infrastructure, we would strengthen our economy, now and in the future.
  • We have located the underlying source of the problem: political inequities and policies that have commodified and corrupted our democracy.
lenaurick

Thousands of refugees stuck on border as new rules start - CNN.com - 0 views

  • Thousands of refugee children like him find ways to pass the time as they wait to cross the border from Greece into Macedonia.
  • More than 12,000 people are stranded here in Idomeni, as borders across Europe have slowly been shutting in the face of those most vulnerable and fleeing from atrocities.
  • They sleep in hundreds of little brightly colored tents that have popped up on fields along the border, now demarcated by a double concertina wire fence.
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  • Some tents are spray-painted with messages like "help us, it's cold" and "borders are racist." Refugees stand in long lines waiting for food, usually bread with a piece of cheese.
  • It's gotten harder in recent weeks for refugees to get across the border so they can continue toward what they hope will be safe havens like Germany and Sweden.Macedonia is allowing only a few dozen Iraqis and Syrians to cross the border each day, which has created a backlog in Greece
  • A spokesperson for the U.N. high commissioner for refugees told CNN on Sunday that office was told by the Greek border police that Macedonia will now restrict acceptance of refugees from Iraq and Syria by province.
  • The geographical restrictions would mean that Syrians from the provinces of Damascus, Homs, Qamishli, Latakia and Tartus as well as Iraqis from the provinces of Baghdad, Diyala and Kirkuk and from Iraqi Kurdistan would not be allowed to continue on the route.
  • "There were strikes and people ran away. I happened to have my ID in my pocket, hers was in the house. We ran away, people were running away barefoot," he says, remembering the day they fled. If they had known what would happen, Ahmed says, they never would have come. They were sold a dream by those who made the journey before them.
  • At least 18 people trying to reach Greece drowned when their boat capsized off of Turkey's western coast, according to Turkey's semiofficial Anadolu news agency.
  • So far this year, more than 418 people have died trying to cross the Mediterranean, according to the International Organization for Migration.
  • Last year, more than 3,700 migrants died crossing the Mediterranean in attempts to reach Europe, making it the deadliest year on record for such deaths.
sarahbalick

Yemen: ISIS says it killed governor, 6 bodyguards - CNN.com - 0 views

  • he governor of the major Yemeni city of Aden and six bodyguards were killed in a car bombing Sunday -- an attack ISIS said it committed.
  • ISIS claimed responsibility for the attack, according to a statement attributed to the group circulated on social media.
  • Aden became Yemen's de-facto capital after Houthi rebels ousted President Abdu Rabu Mansour Hadi from the capital, Sanaa, in March.
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  • Al Qaeda already controls of much of southern Yemen. But the rival terror group ISIS has been trying to gain more territory and influence in the country.
  • A Saudi-led coalition that has been bombing Houthi-held areas since March, trying to support Yemeni government fighters.
  • And civilians have suffered tremendously in the impoverished nation, which has turned into a haven for Islamic terrorists.
johnsonma23

U.S. Is Debating Ways to Shield Syrian Civilians - The New York Times - 0 views

  • The Obama administration is locked in a sharp new debate over whether to deploy American military forces to establish no-fly zones and safe havens in Syria to protect civilians caught in its grinding civil war.
  • White House remains deeply skeptical about the idea, but the growing refugee crisis in Europe and Russia’s military intervention in Syria have increased pressure on President Obama
  • the fact that the administration is even revisiting an idea it has previously rejected — just weeks after Mr. Obama publicly dismissed it again
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  • Among the options discussed on Monday were establishing safe zones for civilians on Syria’s borders with Turkey and Jordan
  • But the Pentagon presentation laid out how many aircraft and personnel would be required, making it clear that there would have to be a significant escalation of American air power in the region, according to officials who described private deliberations on the condition of anonymity
drewmangan1

Has Obama administration's stepped-up pressure on police departments worked? - LA Times - 0 views

  • In the previous four years under President George W. Bush, the Justice Department had stopped taking police departments to court over allegations of misconduct or violations of civil rights.
  • In the nearly seven years since Obama came to office, his Justice Department has investigated 21 police departments -- big departments, including New Orleans and Detroit, and small ones, such as East Haven and Ferguson, Mo. 
alexdeltufo

Fascism's nascent comeback in Europe - The Boston Globe - 0 views

  • Katidis is a reflection of a troubling global trend: the rise of neo-fascist politics amid the economic tumult in Europe.
  • The austerity measures enacted in response to the Greek economic crisis have propelled the rise of right-wing politics; nationalist groups are gaining footholds throughout the country.
  • While political distress causes people to leave their homelands, economic distress causes them to turn their frustration on their newest neighbors.
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  • and shares a porous border with Turkey. The mass migration of refugees from Africa and the Middle East
  • The far-right parties prey (as they always do) on young people, unemployed and energetic, who are convinced that their societies are collapsing at just the moment that they themselves are reaching maturity
  • Economists tend to view Europe’s woes solely in fiscal terms, which means they too easily ignore the social impact of austerity measures. And nothing is more social than sports.
  • Greece’s soccer federation declared in announcing the end of his career.
  • Katidis now claims that he is just a stupid kid and that he had no idea what, in fact, he was doing.
  • shirtless and covered in tattoos, delivers the fascist salute while an older gentleman tries to bring his hand down.
  • Back in 2005, an Italian player was banned for only one game after delivering a similar salute.
  • The traditional notion of sports as a safe haven for people of all backgrounds, a level playing field, is lost if there is any institutional tolerance of racism.
  • The most recognized game in the world is struggling under a corrosive narrative.
  • It can’t stop the Syrian civil war or Africa’s poverty. But in one swift and conclusive move, it took a stand against glorifying the worst of mankind.
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    Juliette Kayyem 
johnsonma23

Wealth of richest 1% 'equal to other 99%' - BBC News - 0 views

  • The richest 1% now has as much wealth as the rest of the world combined, according to Oxfam.
  • Oxfam also calculated that the richest 62 people in the world had as much wealth as the poorest half of the global population.
  • And it wants governments to take action on lobbying, reducing the price of medicines, taxing wealth rather than consumption and using progressive public spending to tackle inequality.
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  • It calls for an end to the gender pay gap, compensation for unpaid care and the promotion of equal land and inheritance rights for women.
  • It criticised the work of lobbyists and the amount of money kept in tax havens
  • Wealth of richest 1% 'equal to other 99%'
  • It takes cash and assets worth $68,800 (£48,300) to get into the top 10%, and $760,000 (£533,000) to be in the 1%.
  • if you own an average house in London without a mortgage, you are probably in the 1%.
  • As a global report, the figures also necessarily include some estimates of levels of wealth in countries from which accurate statistics are not available.
  • the 62 richest people having as much wealth as the poorest 50% of the population is a remarkable concentration of wealth, given that it would have taken 388 individuals to have the same wealth as the bottom 50% in 2010.
Javier E

The democratic world could feel the heat from Paris - The Washington Post - 0 views

  • They are angry more generally, and this is part of why a movement that didn’t exist a month ago became consolidated so quickly: Anger is one of the things that travels quickly on social media, a form of communication that favors emotion; it’s also one of the things that brings people together in a world where trade unions, church organizations and political parties are fading in importance.
  • There is an irony here: Macron’s own political party, La République En Marche, also started out as an anti-party party, a haven for people who no longer identified with the traditional political parties. But it was conceived in a political context, and its members took part in elections. As a result, En Marche, which didn’t exist three years ago, is now perceived as part of the establishment it was formed to defeat.
  • French history is full of revolutions overtaken by even-more-radical revolutions, but the speed with which these changes happen now is breathtaking.
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  • It may also be the case that political party loyalties, once broken, do not develop again with ease.
  • Given that new reality, it’s important to find ways to persuade these spontaneous new anti-politics movements to participate in more formal institutions, to join in more formal debates, to take part in the bargains and compromises required in a contemporary democracy. It’s also important to prevent them from being hijacked by people with darker agendas
  • Most of the rest of the democratic world is or will face the same kinds of challenges. If presidents, parliaments, existing parties and existing institutions can find ways to listen to them, to incorporate them and change with them, then democracy will survive in the 21st century. If they don’t, it might not. 
Javier E

'Already an Exception': Merkel's Legacy Is Shaped by Migration and Austerity - The New ... - 0 views

  • Those contradictions rest at the core of the Merkel legacy
  • As German chancellor, Ms. Merkel oversaw a golden decade for Europe’s largest economy, which expanded by more than a fifth, pushing unemployment to the lowest levels since the early 1980s.
  • As the United States was distracted by multiple wars, Britain gambled its future on a referendum to leave the European Union and France failed to reform itself, Ms. Merkel’s Germany was mostly a haven of stability.
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  • But her decision to embrace more than a million asylum seekers unsettled that cozy status quo. Outside Germany, the austerity she and her longtime finance minister Wolfgang Schäuble imposed on debtor countries like Italy, Spain, Portugal and, especially, Greece sowed misery and resentment that fester to this day.
  • Some, like the former Greek finance minister Yanis Varoufakis, compare Ms. Merkel’s austerity politics to the Treaty of Versailles, which imposed punitive economic measures on Germany after World War I, humiliated the country and fanned the flames of populism.“This is now what is feeding the political beasts,”
  • Her modest and moderate governance style, absent ideology and vanity, is the polar opposite of that of the strongmen now strutting the world stage. Her Germany — that “vulnerable hegemon,” as the intellectual Herfried Münkler calls it — became a beacon of liberalism.
  • Merkel knows a different form of social and societal equality,” Mr. Gysi said, adding of her former center-left rivals: “That made her so much more open to adopting ideas from the Social Democrats.”
  • “Angela Merkel personifies the best Germany we’ve ever known,” said Timothy Garton Ash, a professor of European Studies at Oxford University. “She managed Germany’s rise to once again become Europe’s leading power. But she failed to prepare Germans sufficiently for what that means.”
  • Ms. Merkel has never been one for rousing speeches. (“We had those kinds of speeches 70 years ago,” Ms. Roll said. “Her lack of talent and interest in this department was a good thing.”)
  • She never boasted that Germany got what it wanted after summit meetings (though it mostly did). But as exports and domestic demand boomed, Germany prospered and so did Ms. Merkel’s popularity ratings.
  • But like her friend and ally President Barack Obama — America’s first black president, who was succeeded by President Trump — Ms. Merkel will be judged by what comes next
  • Gregor Gysi, a fellow Easterner and political opponent from the Left party, said that spending half her life under Communism gave her a visceral thirst for freedom — but also made her more socially conscious than other Western conservatives.
  • now in the third so-called grand coalition with the Social Democrats, Ms. Merkel’s habit of taking inspiration from (and credit for) their ideas has left the party a shadow of itself.
  • It has also opened her own party to challenges on its right flank, leaving room for the emergence of the nationalist Alternative for Germany, which capitalized on her decision on asylum seekers.
  • Even before the migration crisis arrived, the debt crisis provided a pivotal test for a chancellor at the helm of a newly dominant Germany.And it led to criticism that Ms. Merkel, while leading humbly, was no less the hegemon — prioritizing German interests; manipulating European Union institutions to Germany’s abiding benefit; turning southern countries into captive export markets; tightening the hold of German banks
  • “It won Germany incredible respect — this image of a friendly humanitarian Germany, a Germany that protects,” Ms. Roth said. “She marked that image.”
  • “German populism is perhaps not her child,” said Henrik Enderlein, the dean of the Hertie School of Governance in Berlin. “But it is a child of the Merkel era.”
  • “An Adenauer or a Kohl would have done it,” Mr. Fischer said. But Merkel, who had grown up behind the Iron Curtain and without the Western pro-European mind-set, “wasn’t there yet,” he said. “Her European conscience was not fully formed yet.
  • Was hers a European Germany, one that saw Europe’s interests as its own? Or a Germany that ultimately wanted a German Europe?
  • The real missed opportunity, observers say, was to use the crisis to propel a more far-reaching build-out of European Union institutions, which remain unprepared for the next financial meltdown.
  • If there was ever a time to make a bold push to complete the institutions of the eurozone, this was it, said Joschka Fischer, a former German foreign minister.
  • The French president François Mitterrand and his British counterpart Margaret Thatcher had both worried about a resurgence of “bad Germans.” Ms. Merkel’s greatest achievement, Ms. Roll said, was that “she came to represent the good Germans.”
  • “But she always made clear: ‘I don’t build deadly walls,’ ” he recalled her saying. “She grew up behind one.”
  • In Germany, too, politics has become noisier and nastier. Open sexism has entered the chamber with Alternative for Germany, said Ms. Roth, the vice president of the parliament.“Merkel has been the target of countless attacks, gendered attacks, sexualized dirt,” Ms. Roth said.
  • Some have begun to referring to Merkelism, a modest but steadfast liberalism built on consensus rather than confrontation, as a recipe for democratic governance in the 21st century. Others fear that Merkelism will disappear with her.
  • “She is so unvain that she does not overly care about leaving behind a blueprint for the West 4.0,” said Mr. Kornelius, her biographer. “She primarily wants to preserve what she can.”
  • She has prevented crises rather than carried out visions, Mr. Kornelius said, and has been reactive rather than proactive. “But that is incredibly valuable at a time when we are dealing with questions of our liberal order in an unraveling world — and with leaders like Donald Trump.”
  • Today, Ms. Merkel’s Germany can feel like a liberal island in a growing sea of illiberal forces. She has not changed — the world around her has.“She is already an exception today,” Mr. Knaus said. “I hope she is not a relic of an era that is coming to an end.”
  • “She was a catastrophe,” said Mr. Varoufakis, the former Greek finance minister, “and she will be missed, because who comes next will certainly be worse.”
malonema1

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

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

The Welshness of the Tudors | History Today - 0 views

  • The fortunes of the Tudor dynasty were laid by the most romantic mésalliance in English history, the secret betrothal of a Welsh attendant at the Court of Henry VI to the dowager queen
  • Henry V, the hammer of the Welsh, had continued his father's proscription of the whole nation in punishment for the rebellion
  • Owain's marriage to Katherine of Valois, although hubristic, was not annulled when discovered, and the fruit of its consummation, the two sons, Edmund and Jasper, were not declared illegitimate.
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  • While Henry's mother, Margaret Beaufort, was an indispensable agent of his interests in England, Jasper was his political mentor in the years spent in exile
  • Henry VI bestowed the English honour of Richmond on Edmund, while the younger brother, Jasper, was endowed with a title and estates in Wales
  • After the death of Gloucester, and after several mishaps, they recovered favour under the indulgent protection of the young Henry VI
  • How Welsh was Henry Tudor? In blood he was a quarter Welsh, a quarter French and half English (or at least Platagenet). In so far as place of birth and residence could determine his nationality, he was certainly Welsh
  • As a landless exile, Jasper's most common point of con- tact continued to be Wales: most of his incursions during the reign of Edward IV
  • In the reign of Richard III, as events were to show, Wales and the Marches were the most vulnerable parts of his dominions
  • Edward IV himself, as a descendant through the Mortimer connection of Llywelyn Fawr (the Great), could be regarded by Guto'r Glyn and Lewis Glyn Cothi as the potential deliverer of the Welsh and the heir to the kings of Britain
  • He had been a patron of the bards since the 1450s, and was praised as a faithful supporter of Henry VI and as the man who would unite Wales under the Lancastrians.
  • He predicted a victory for Henry as the last of the triumphant line of Brutus and Cadwalader, kings of the Britons
  • The route of the march from Milford Haven avoided the south eastern Marches, which were dominated by the lords loyal to Richard III
  • His Welshness was thus of crucial importance in easing Henry's path to the throne, for quite literally no other route was feasible than that which took him through Wales. It was also to be an essential ingredient in the success of Tudor policy in Wales
  • Henry VI had commissioned both his half-brothers to represent and defend the crown's interests in Wales against the Yorkist enemies, the Vaughans, the Herberts and the Earl of March, later Edward IV.
  • Unless he had been presented at Henry VI's court in his youth (and there is no evidence for this), Henry was a stranger to England before his ar6val at Shrewsbury on August 17th, 1485
  • In his first proclamation, on August 25th, 1485, Henry announced his titles to be, besides King of England and of France, 'Prince of Wales and lord of Ireland'. This was the first time any King who had not himself been invested with the principality as heir apparent to a reigning monarch had appropriated the title to himself
  • Whereas letters of denizenship conferred English status upon individuals, charters of privileges were granted between 1504 and 1508 to the ancient principality and five marcher lordships in North Wales, dispensing the inhabitants from various civic disabilities imposed by the penal laws of Henry IV and Henry V
  • The inhabitants of North Wales were released not only from the prohibitions of Lancastrian penal laws but from those of the Edwardian settlement of 1284, which had excluded the Welsh from the plantation boroughs.
  • Edward IV had used motifs from the British Legend in his court rituals and had fostered an Arthurian cult in celebration of his own descent from British kings and the princes of Gwynedd
  • By marrying Elizabeth, Henry thus enhanced his connection with British as well as English kingship, and their son and heir personified both traditions
  • Richard III had referred disparagingly in two proclamations to the rebel 'Henry Tydder'; this may well have stung, so that the new King was all the more concerned to establish an honourable lineage for his family. A commission of Welsh genealogists was therefore set up to trace his pedigree. Only the report has survived, to show Henry's descent from medieval Welsh and British rulers. However fantastic its remoter claims, there is no sound reason to doubt its authenticity as an official document. Even Sir Edward Coke in his Fourth Institutes of the Laws of England (1644) accepted its validity and gave as his source for the original commission the patent rolls for Henry VII, though no-one else has found any trace of it there. (The great champion of the common law who set such store by precedents was notoriously careless in his scholarship.) Henry did not draw on this pedigree to confirm the legitimacy of his monarchy, only to embellish it. What was important for him was the historical associations with British, rather than Welsh, royalty. That these also proved to be flattering to the Welsh nation was an incidental and inexpensive form of propaganda.
  • His beneficence was a distinct policy that culminated in Henry VIII's measure of incorporation of 1536-43
  • This consolidated and elaborated upon a form of administration that had existed in its essentials in the principality of North Wales since Edward I's Statute of Wales of 1284
  • Owen spoke for his own class of prosperous Protestant gentry, but the very fact that Welsh commentators thought of the extension of English law as a boon and an act of grace ensured the success of Tudor rule in Wales
  • There was no tacit acknowledgement of their Welsh identity by Henry VII's son and grandchildren – it was something claimed for them by the Welsh
  • In 1603 Hugh Holland published the first (and only) book of his Pancharis, which related the love between Owen Tudor and Katherine of Valois
  • Nothing daunted, the resourceful author dedicated it instead to King James and his son Prince Henry, whom he addressed as the future Prince of Wales. The adaptation was plausible enough, in all senses of that word, for James, after all, was descended from Henry VII and his forebears, the Welsh Tudors; and with this reminder Holland's readers in Wales could the more readily transfer their loyalty to the Scottish Stuarts
  • The family of monarchs who ruled England and Wales from 1485 to 1603 did indeed form a dynasty, but they do not seem to have called themselves the 'Tudor' dynasty: the only con- temporaries who regarded them as such were the Welsh
Javier E

Economists Who Changed Thinking on Climate Change Win Nobel Prize - Scientific American - 0 views

  • A pair of U.S. economists, William Nordhaus and Paul Romer, share the 2018 Nobel Prize in Economic Sciences for integrating climate change, and technological change, into macroeconomics, which deals with the behaviour of an economy as a whole.
  • Nordhaus, at the University of Yale in New Haven, Connecticut, is the founding father of the study of climate change economics
  • Economic models he has developed since the 1990s are now widely used to weigh the costs and benefits of curbing greenhouse gas emissions against those of inaction
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  • His studies are central to determining the social cost of carbon, an attempt to quantify the total cost to society of greenhouse-gases, including hidden factors such as extreme weather and lower crop yields.
  • “Nordhaus was in a position early on to think about climate change from a human welfare and well-being perspective,
  • Romer, who is at the NYU Stern School of Business in New York, was honoured for his work on the role of technological change in economic growth. The economist is best-known for his studies on how market forces and economic decisions facilitate technological change.
  • His ‘endogenous growth theory’, developed in the 1990s, opened new avenues of research on how policies and regulations can prompt new ideas and economic innovation.
  • And Romer’s work also has implications for policies relating to climate-change mitigation. “He showed clearly that unregulated free markets will not sufficiently invest in research and development activities,”
Javier E

Christchurch mosque killer's theories seeping into mainstream, report warns | World new... - 0 views

  • Researchers have found that organised far-right networks are pushing a conspiracy known as the “great replacement” theory to the extent that references to it online have doubled in four years, with more than 1.5 million on Twitter alone, a total that is rising exponentially.
  • The theory emerged in France in 2014 and has become a dominant concept of the extreme right, focusing on a paranoia that white people are being wiped out through migration and violence. It received increased scrutiny after featuring in the manifesto of the gunman who killed 51 people in the Christchurch attacks in New Zealand in March.
  • Now the Institute for Strategic Dialogue (ISD), a UK-based counter-extremist organisation, has found that the once-obscure ideology has moved into mainstream politics and is now referenced by figures including US president Donald Trump, Italian interior minister Matteo Salvini and Björn Höcke of the German Alternative für Deutschland (AfD).
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  • Despite its French origins, the ISD’s analysis has revealed that the theory is becoming more prevalent internationally, with English-speaking countries now accounting for 33% of online discussion.
  • She said that of the 10 most influential Twitter accounts propagating the ideology, eight were French. The other two were Trump’s account and the extreme-right site Defend Europa.
  • The study reveals that alternative social media platforms, image boards, fringe forums and encrypted chat channels are instrumental in diffusing influential ideologies that propagate hatred and violence. Far-right propagandists primarily use mainstream platforms such as Facebook, YouTube and Twitter as avenues to disseminate material to audiences, while fringe platforms remain safe havens for the initiated to radicalise further.
  • The new media ecosystem has been used, for instance, to promote the fear of a “white genocide”, a topic that is active across unregulated image-board threads on 8chan and 4chan, censorship-free discussion platforms such as Voat, ultra-libertarian social-media sites such as Gab and Minds, and closed-chat channels
  • Defined as a form of ethnic cleansing through the forced deportation of minority communities, the concept of “remigration” has been a particularly fevered subject. Since 2014, the volume of tweets featuring the word has surged, rising from 66,000 in 2014 to 150,000 in 2018.
  • Jacob Davey, co-author of the report at ISD, said: “Social media platforms are built to promote clickbait content to get more users liking, sharing and commenting. This research shows how the extreme right is exploiting this to boost hateful content in the form of memes, distorted statistics and pseudo-scientific studies.
  • “The far right is able to take ownership of the ‘grey zone’ around contentious issues like migration because politicians and society are less willing to take on the role of thought leaders in these areas for fear of public outcry and outrage,” said Ebner.
johnsonel7

Should Germans be worried about the coronavirus? The answers may lie in the past. - The... - 0 views

  • Epidemics and pandemics have plagued German territory - and the rest of the world - for thousands of years.
  • One of the first significant outbreaks of disease in what is today Germany can be studied and traced is the Antonine Plague of 165 - 180 CE. While we cannot be certain, this was thought to be a severe strain of smallpox brought back to the provinces Germania Major and Inferior, via returning legions. In their cramped quarters in bases along the Rhine, the disease raged, leading to a significant loss of manpower. 
  • Far more well known than these pandemics is the Black Death. Originating in the Near East around 1348, three distinct strains of the Bubonic Plague, or Yersinia Pestis bacteria, killed up to a half of the population of Europe - hundreds of millions strong at the time. Central to the spread of this epidemic was the nature of the medieval world. Trade routes pilgrimage destinations and heavily trafficked Hanseatic cities were natural havens for the fleas that carried the bacteria.
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  • Perhaps the most recent pandemic that many are aware of is the ‘Spanish Flu’ of the early twentieth century. Rather than originate in Spain, as the name would suggest, it is thought this severe strain, or strains of influenza, originated in the unhygienic and primitive conditions of the Western Front. Brought to America by returning troops in 1918, the virus returned to mainland Europe in a more potent form. 
  • While the coronavirus does concern many, we shouldn’t think that it will have the same devastating effects as the epidemics and pandemics mentioned. Understanding of the mechanisms by which viruses and bacteria spread is now highly advanced, and models of disease spread allow scientists and policymakers to target their resources effectively.
  • It’s simply not possible for a contagion to have the astonishing spread and lethal effect of, say the Bubonic Plague of 1348.  Both the government and independent medical professionals both advise that regular washing of hands, covering the mouth when sneezing and self-isolating in case of infection can limit the spread of the virus. Keeping this in mind, while it is rational to be worried, we should not fear that we have anything on the scale of historic pandemics facing Germany. 
Javier E

The Bezos Earth Fund Indicates a National Failing - The Atlantic - 0 views

  • Jeff Bezos announced the creation of the Bezos Earth Fund, which will disperse $10 billion in the name of combatting climate change. The fund is a triumph of philanthropy—and a perfect emblem of a national failing.
  • In a healthy democracy, the world’s richest man wouldn’t be able to painlessly make a $10 billion donation. His fortune would be mitigated by the tax collector; antitrust laws would constrain the growth of his business. Instead of relying on a tycoon to bankroll the national response to an existential crisis, there would be a national response.
  • in an age of political dysfunction, Bezos has begun to subsume the powers of the state. Where the government once funded the ambitious exploration of space, Bezos is leading that project, spending a billion dollars each year to build rockets and rovers. His company, Amazon, is spearheading an experimental effort to fix American health care; it will also spend $700 million to retrain workers in the shadow of automation and displacement.
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  • Bezos is providing the vital infrastructure of state. When Amazon locates its second headquarters on the Potomac, staring across the river at the capital, it will provide a perfect geographic encapsulation of the new balance of power.
  • there is no meaningful public oversight of Bezos’s power. His investments and donations—not to mention the dominance of his sprawling firm and his ownership of one of the nation’s most important newspapers—give him an outsize role in shaping the human future.
  • There’s no clear sense of the projects it will bankroll, even though a contribution of that scale will inevitably set the agenda of academics and nongovernmental organizations.
  • Bezos’s personal biases—his penchant for technological solutions, his skepticism of government regulation—will likely shape how the Bezos Earth Fund disperses cash. And that will, in turn, shape how activists and researchers craft their grant proposals, how they attempt to please a funder who can float their operations.
  • Even if Amazon aims to slash its own emissions, it’s creating an economy that seems likely to undermine its stated goal of carbon neutrality. A reasonable debate about planetary future would at least question the wisdom of the same-day delivery of plastic tchotchkes made in China.
  • Then there are the policies that permit companies, like Amazon, to pay virtually nothing in taxes—revenue that would ideally fund, say, a Green New Deal. It hardly seems likely that the Bezos Earth Foundation will seek to erode the very basis of the fortune that funds it.
  • A skeptical response to the Bezos Earth Fund doesn’t preclude the hope that it will do real good. Michael Bloomberg’s climate philanthropy has played an important role in shutting down coal-fired power plants.
  • In these years of polarization and dysfunction, the public keeps turning to saviors who present themselves as outsiders and promise transformation. Trump, of course, billed himself as this sort of salvific figure. But instead of curing voters of this yearning, he seems to have exacerbated it. The current temptation comes in the form of billionaires who exude competence
  • That the public seems indifferent to the dangers of a growing plutocracy is perhaps the greatest national failing of them all.
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