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rerobinson03

Opinion | When Can We Stop Thinking About Trump Every Minute? - The New York Times - 0 views

  • On the other hand, there’s a lot that worries me, too. The fact that so many rank-and-file Republicans refuse to accept that Trump lost fair-and-square is a very bad sign about the sanity — or lack thereof — of the party. The possibility that Trump is going to skip the inauguration so that he can announce his next run for president is another bad sign for and about the party’s future. Together, they augur for the QAnonization of the G.O.P., which is just awful news for a democracy with a two-party system.
  • Maybe my biggest worry, though, is that we’re living in a country where the Dow just hit 30,000 at the same time that people are waiting in line for hours at food banks. That’s a recipe for potentially catastrophic social friction.
  • The rich will always figure out how to avoid taxes, if not evade them, whether it means setting up complex trusts to protect their wealth or moving to some offshore tax haven. Just look at the Trump family. The people who really get walloped by high taxes are upper-middle class types who don’t have exit options but aren’t exactly the malefactors of great wealth.
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  • The best thing that could happen educationally is an investment in community colleges that enhances their value, rigor and prestige.
  • I sometimes fear the Trump administration has reduced us, emotionally and intellectually, to a single thought, played like a Gregorian chant on an endless loop: Just. Make. It. Stop.
  • Now, all of a sudden, we’re being reminded that we have real problems, like rising inequality, collapsing social mobility and the mounting financial burden one generation is placing on the next.
  • Biden’s higher education plan would make community college free for up to two years. For those who want to go further he’d make public colleges tuition free for most students and liberate many of the poor kids who were lured into signing up for an ungodly amount of debt.
  • t: I have no problem making college more affordable, but I’m generally against making things free on the view that people rarely value, or stick with, what they don’t pay for.
  • Anyway, the point here is just to think fresh. After four years of Trump, discussing these things feels a bit like seeing the sun and hearing those chirping birds you were just talking about for the first time in years.
rerobinson03

ART/ARCHITECTURE; Reading a Civilization Through Its Ancient Shards - The New York Times - 0 views

  • ENTERING the Worcester Art Museum, the first thing a visitor sees is a sixth-century late Roman mosaic, more than 20 feet square, set into the floor of the entrance hall.
  • This spectacular and brutal scene paved the floor of a private house in Antioch, founded in 300 B.C. and one of the great cities of the classical world. Today ancient Antioch lies beneath the modern Turkish city of Antakya, near the Syrian border at the northeast elbow of the Mediterranean. The mosaic, along with other equally stunning and tantalizing glimmers of an almost mythical place, arrived in Worcester nearly 60 years ago.
  • Four silver-gilt tyches on display -- female deities personifying the good fortune of a particular city -- representing Rome, Constantinople, Alexandria and Antioch attest to Antioch's status. Sculptures, mosaics, jewelry and intriguing inscriptions, most of them from the second to the sixth centuries A.D., bring to life a complex metropolis that thrived in an era whose economic, political and spiritual circumstances were in many ways similar to our own.
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  • Until the 1930's, Antioch's remains were almost entirely literary; its physical glories had been obliterated by earthquakes, floods and invasions from the east.
  • Since then, however, as the study of history has focused as much on ordinary citizens as on their leaders, attention has shifted from throne rooms to dining rooms. Only 10 percent of Antioch's population was rich, according to the fourth-century pagan philosopher Libanios, and only 10 percent was poor. The remaining 80 percent lived remarkably well, and at its height, Antioch's population numbered more than 400,000 citizens and freedmen, not counting women, children and slaves.
  • The exhibition focuses on their dining rooms, or triclinia, in order to recreate the city's great middle-class era, and for middle-class America at the beginning of the third millennium, those ancient houses reveal a familiar ostentation.
  • Antioch: The Lost Ancient City'' reunites many of the artifacts and objects excavated by the expedition, including some of the most beautiful mosaics. During the five years of preparations for this show, scholars examined for the first time in decades some of the material from the excavations that had been in storage, and the show's catalog presents much of their new research.
  • Antioch marked the crossroads of trade routes between Persia and the Far East, Egypt and Rome.
  • During the centuries of the Roman peace, Antioch flourished; its baths and wide arcaded streets were theaters where strangers -- Romans, Syrians, Jews, Christians, Persians, Greeks -- mingled and learned from one another. Its dining rooms set a more intimate stage upon which to continue the dialogue.
  • The city's pivotal geography proved the source of both its vitality and its vulnerability. Persian emperors of the Sasanian dynasty coveted Antioch, sacked it twice -- in A.D. 256 and 540 -- and incorporated the phrase ''better than Antioch'' into the names of the cities they built closer to home. Sasanian stylized art, using birds and animals in patterned design -- a mosaic border of ram's heads, for instance -- found its way into Antioch's houses.
  • Probably they discussed religion. The Pax Romana, of course, has found its modern parallel in the Pax Americana, in the worldwide exportation of American culture. Ideas, art, politics and religions circulate, blend and clash. The yearning for a spiritual haven was perhaps even more urgent in Roman Antioch than it is today.
  • The expeditions of the 1930's dug up no pagan temples or synagogues, but they did uncover in Antioch's port remnants of a church whose ambulatory was paved with a mosaic of animals and birds. Elephants, flamingos, zebras, gazelles, peacocks, a lioness and her cubs: all creation circled the church in a docile parade.
  • In this floor, pagan entertainment translated into a vision from Genesis: the bloody staged hunt has been converted to a peaceable kingdom.
Javier E

How did Neanderthals and other ancient humans learn to count? - 0 views

  • Rafael Núñez, a cognitive scientist at the University of California, San Diego, and one of the leaders of QUANTA, accepts that many animals might have an innate appreciation of quantity. However, he argues that the human perception of numbers is typically much more sophisticated, and can’t have arisen through a process such as natural selection. Instead, many aspects of numbers, such as the spoken words and written signs that are used to represent them, must be produced by cultural evolution — a process in which individuals learn through imitation or formal teaching to adopt a new skill (such as how to use a tool).
  • Although many animals have culture, one that involves numbers is essentially unique to humans. A handful of chimpanzees have been taught in captivity to use abstract symbols to represent quantities, but neither chimps nor any other non-human species use such symbols in the natural world.
  • during excavations at Border Cave in South Africa, archaeologists discovered an approximately 42,000-year-old baboon fibula that was also marked with notches. D’Errico suspects that anatomically modern humans living there at the time used the bone to record numerical information. In the case of this bone, microscopic analysis of its 29 notches suggests they were carved using four distinct tools and so represent four counting events, which D’Errico thinks took place on four separate occasions1.
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  • D’Errico has developed a scenario to explain how number systems might have arisen through the very act of producing such artefacts. His hypothesis is one of only two published so far for the prehistoric origin of numbers.
  • It all started by accident, he suggests, as early hominins unintentionally left marks on bones while they were butchering animal carcasses. Later, the hominins made a cognitive leap when they realized that they could deliberately mark bones to produce abstract designs — such as those seen on an approximately 430,000-year-old shell found in Trinil, Indonesia6. At some point after that, another leap occurred: individual marks began to take on meaning, with some of them perhaps encoding numerical information
  • In a 2013 study11, Overmann analysed anthropological data relating to 33 contemporary hunter-gatherer societies across the world. She discovered that those with simple number systems (an upper limit not much higher than ‘four’) often had few material possessions, such as weapons, tools or jewellery. Those with elaborate systems (an upper numeral limit much higher than ‘four’) always had a richer array of possessions.
  • Overmann has developed her own hypothesis to explain how number systems might have emerged in prehistory — a task made easier by the fact that a wide variety of number systems are still in use around the world. For example, linguists Claire Bowern and Jason Zentz at Yale University in New Haven, Connecticut, reported in a 2012 survey that 139 Aboriginal Australian languages have an upper limit of ‘three’ or ‘four’ for specific numerals. Some of those languages use natural quantifiers such as ‘several’ and ‘many’ to indicate higher values
  • here is even one group, the Pirahã people of the Brazilian Amazon, that is sometimes claimed not to use numbers at all10.
  • The Les Pradelles hyena bone is potentially the earliest known example of this type of mark-making, says D’Errico. He thinks that with further leaps, or what he dubs cultural exaptations, such notches eventually led to the invention of number signs such as 1, 2 and 37.
  • In societies with complex number systems, there were clues to how those systems developed. Significantly, Overmann noted that it was common for these societies to use quinary (base 5), decimal or vigesimal (base 20) systems. This suggested to her that many number systems began with a finger-counting stage.
  • This finger-counting stage is important, according to Overmann. She is an advocate of material engagement theory (MET), a framework devised about a decade ago by cognitive archaeologist Lambros Malafouris at the University of Oxford, UK12. MET maintains that the mind extends beyond the brain and into objects, such as tools or even a person’s fingers. This extension allows ideas to be realized in physical form; so, in the case of counting, MET suggests that the mental conceptualization of numbers can include the fingers. That makes numbers more tangible and easier to add or subtract.
  • The societies that moved beyond finger-counting did so, argues Overmann, because they developed a clearer social need for numbers. Perhaps most obviously, a society with more material possessions has a greater need to count (and to count much higher than ‘four’) to keep track of objects.
  • An artefact such as a tally stick also becomes an extension of the mind, and the act of marking tally notches on the stick helps to anchor and stabilize numbers as someone counts.
  • some societies moved beyond tally sticks. This first happened in Mesopotamia around the time when cities emerged there, creating an even greater need for numbers to keep track of resources and people. Archaeological evidence suggests that by 5,500 years ago, some Mesopotamians had begun using small clay tokens as counting aids.
  • Overmann acknowledges that her hypothesis is silent on one issue: when in prehistory human societies began developing number systems. Linguistics might offer some help here. One line of evidence suggests that number words could have a history stretching back at least tens of thousands of years.
  • Evolutionary biologist Mark Pagel at the University of Reading, UK, and his colleagues have spent many years exploring the history of words in extant language families, with the aid of computational tools that they initially developed to study biological evolution. Essentially, words are treated as entities that either remain stable or are outcompeted and replaced as languages spread and diversif
  • Using this approach, Pagel and Andrew Meade at Reading showed that low-value number words (‘one’ to ‘five’) are among the most stable features of spoken languages14. Indeed, they change so infrequently across language families — such as the Indo-European family, which includes many modern European and southern Asian languages — that they seem to have been stable for anywhere between 10,000 and 100,000 years.
Javier E

The super-rich 'preppers' planning to save themselves from the apocalypse | The super-r... - 0 views

  • at least as far as these gentlemen were concerned, this was a talk about the future of technology.
  • Taking their cue from Tesla founder Elon Musk colonising Mars, Palantir’s Peter Thiel reversing the ageing process, or artificial intelligence developers Sam Altman and Ray Kurzweil uploading their minds into supercomputers, they were preparing for a digital future that had less to do with making the world a better place than it did with transcending the human condition altogether. Their extreme wealth and privilege served only to make them obsessed with insulating themselves from the very real and present danger of climate change, rising sea levels, mass migrations, global pandemics, nativist panic and resource depletion. For them, the future of technology is about only one thing: escape from the rest of us.
  • These people once showered the world with madly optimistic business plans for how technology might benefit human society. Now they’ve reduced technological progress to a video game that one of them wins by finding the escape hatch.
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  • these catastrophising billionaires are the presumptive winners of the digital economy – the supposed champions of the survival-of-the-fittest business landscape that’s fuelling most of this speculation to begin with.
  • What I came to realise was that these men are actually the losers. The billionaires who called me out to the desert to evaluate their bunker strategies are not the victors of the economic game so much as the victims of its perversely limited rules. More than anything, they have succumbed to a mindset where “winning” means earning enough money to insulate themselves from the damage they are creating by earning money in that way.
  • Never before have our society’s most powerful players assumed that the primary impact of their own conquests would be to render the world itself unliveable for everyone else
  • Nor have they ever before had the technologies through which to programme their sensibilities into the very fabric of our society. The landscape is alive with algorithms and intelligences actively encouraging these selfish and isolationist outlooks. Those sociopathic enough to embrace them are rewarded with cash and control over the rest of us. It’s a self-reinforcing feedback loop. This is new.
  • C is no hippy environmentalist but his business model is based in the same communitarian spirit I tried to convey to the billionaires: the way to keep the hungry hordes from storming the gates is by getting them food security now. So for $3m, investors not only get a maximum security compound in which to ride out the coming plague, solar storm, or electric grid collapse. They also get a stake in a potentially profitable network of local farm franchises that could reduce the probability of a catastrophic event in the first place. His business would do its best to ensure there are as few hungry children at the gate as possible when the time comes to lock down.
  • So far, JC Cole has been unable to convince anyone to invest in American Heritage Farms. That doesn’t mean no one is investing in such schemes. It’s just that the ones that attract more attention and cash don’t generally have these cooperative components. They’re more for people who want to go it alone
  • Most billionaire preppers don’t want to have to learn to get along with a community of farmers or, worse, spend their winnings funding a national food resilience programme. The mindset that requires safe havens is less concerned with preventing moral dilemmas than simply keeping them out of sight.
  • Rising S Company in Texas builds and installs bunkers and tornado shelters for as little as $40,000 for an 8ft by 12ft emergency hideout all the way up to the $8.3m luxury series “Aristocrat”, complete with pool and bowling lane. The enterprise originally catered to families seeking temporary storm shelters, before it went into the long-term apocalypse business. The company logo, complete with three crucifixes, suggests their services are geared more toward Christian evangelist preppers in red-state America than billionaire tech bros playing out sci-fi scenarios.
  • Ultra-elite shelters such as the Oppidum in the Czech Republic claim to cater to the billionaire class, and pay more attention to the long-term psychological health of residents. They provide imitation of natural light, such as a pool with a simulated sunlit garden area, a wine vault, and other amenities to make the wealthy feel at home.
  • On closer analysis, however, the probability of a fortified bunker actually protecting its occupants from the reality of, well, reality, is very slim. For one, the closed ecosystems of underground facilities are preposterously brittle. For example, an indoor, sealed hydroponic garden is vulnerable to contamination. Vertical farms with moisture sensors and computer-controlled irrigation systems look great in business plans and on the rooftops of Bay Area startups; when a palette of topsoil or a row of crops goes wrong, it can simply be pulled and replaced. The hermetically sealed apocalypse “grow room” doesn’t allow for such do-overs.
  • while a private island may be a good place to wait out a temporary plague, turning it into a self-sufficient, defensible ocean fortress is harder than it sounds. Small islands are utterly dependent on air and sea deliveries for basic staples. Solar panels and water filtration equipment need to be replaced and serviced at regular intervals. The billionaires who reside in such locales are more, not less, dependent on complex supply chains than those of us embedded in industrial civilisation.
  • If they wanted to test their bunker plans, they’d have hired a security expert from Blackwater or the Pentagon. They seemed to want something more. Their language went far beyond questions of disaster preparedness and verged on politics and philosophy: words such as individuality, sovereignty, governance and autonomy.
  • it wasn’t their actual bunker strategies I had been brought out to evaluate so much as the philosophy and mathematics they were using to justify their commitment to escape. They were working out what I’ve come to call the insulation equation: could they earn enough money to insulate themselves from the reality they were creating by earning money in this way? Was there any valid justification for striving to be so successful that they could simply leave the rest of us behind –apocalypse or not?
lilyrashkind

Parents who fled Afghanistan name their new baby for the Philadelphia woman who helped ... - 0 views

  • How a stranger stepped forward at the Philadelphia airport to help her exhausted parents after their escape from Afghanistan in August, a journey in which most of everything they owned or loved had been lost or left behind.The person was a medical student, a young woman, Afghan by ethnicity, American by birth, strong by nature.
  • “I don’t think anyone has ever helped me that way in my life, to make sure I stayed with my family,” the father, Said Ghani Wali, 26, said in an interview from Michigan, where his family has resettled. “I’ve never been in such a difficult part of my life.”
  • When their daughter was born last month, he said, there was only one choice for a name, the one carried by the woman at the airport — Selay. The difference in spelling is a difference in translators, the way Americans might spell Ann or Anne.
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  • Philadelphia International Airport became the nation’s main arrival hub. From there thousands of Afghans were transferred to temporary quarters at Joint Base McGuire-Dix-Lakehurst in South Jersey and to seven other military installations designated as “safe havens.”
  • Abdali made sure they had meals. And tried to offer comfort in a familiar tongue, Pashto being one of Afghanistan’s two main languages.The official protocol required that pregnant women be sent for evaluation at local hospitals, accompanied by their families.
  • Typically, families who left the airport for medical attention moved on in the resettlement process, going directly from hospital to military base or to wherever their next stop might be.Abdali left the airport late that night, drained by an 18-hour day. She returned the next morning to learn that, as prom
  • She was 10 when the family moved to Cherry Hill, the brothers seizing an opportunity to partner with an uncle as restaurant-wholesale distributors. Their business is called American Food, Paper and Poultry LLC.She’s the only one in her family to graduate from college, earning a bachelor’s degree in biological sciences from Drexel University and now on her way to becoming a physician.
  • In Afghanistan, Said Ghani Wali worked 12 years for the American forces, repairing firearms for U.S. troops, an association that made him a potential target once the Taliban took over.In this country, he said, he’s been unable to find a job. Or a doctor who can address his chronic leg problems. The family has struggled to build a relationship with its resettlement casew
  • “To know I made such an impact on their journey …,” Abdali said. “I can see little Selay telling someone, ‘I was named after someone who helped my parents at the airport.’”
Javier E

Revealed: Credit Suisse leak unmasks criminals, fraudsters and corrupt politicians | Cr... - 0 views

  • The huge trove of banking data was leaked by an anonymous whistleblower to the German newspaper Süddeutsche Zeitung. “I believe that Swiss banking secrecy laws are immoral,” the whistleblower source said in a statement. “The pretext of protecting financial privacy is merely a fig leaf covering the shameful role of Swiss banks as collaborators of tax evaders.”
  • Swiss financial institutions manage about 7.9tn CHF (£6.3tn) in assets, nearly half of which belongs to foreign clients.
  • It identifies the convicts and money launderers who were able to open bank accounts, or keep them open for years after their crimes emerged. And it reveals how Switzerland’s famed banking secrecy laws helped facilitate the looting of countries in the developing world.
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  • his case is one of dozens discovered by reporters appearing to show Credit Suisse opened or maintained accounts for clients who had serious convictions that might be expected to show up in due diligence checks. There are other instances in which Credit Suisse may have taken quick action after red flags emerged, but the case nonetheless shows that dubious clients have been attracted to the bank.
  • Like every other bank in the world, Credit Suisse professes to have stringent control mechanisms to carry out extensive due diligence on its customers to “ensure that the highest standards of conduct are upheld”. In banking parlance, such controls are called know-your-client or KYC checks.
  • A 2017 leaked report commissioned by Switzerland’s financial regulator shed some light on the bank’s internal procedures at that time. Clients would face intensified scrutiny when flagged as a politically exposed person from a high-risk country, or a person involved in a high-risk activity such as gambling, weapons trading, financial services or mining, the report said.
  • Such controls might be expected to prevent a bank from opening accounts for clients such as Rodoljub Radulović, a Serbian securities fraudster indicted in 2001 by the US Securities and Exchange Commission. However, the leaked data identifies him as the co-signatory of two Credit Suisse company accounts. The first was opened in 2005, the year after the SEC had secured a default judgment against Radulović for running a pump-and-dump scheme.
  • One of Radulović’s company accounts held 3.4m CHF (£2.2m) before they closed in 2010. He was recently given a 10-year prison sentence by a court in Belgrade for his role trafficking cocaine from South America for the organised crime boss Darko Šarić.
  • Due diligence is not only for new clients. Banks are required to continually reassess existing customers. The 2017 report said Credit Suisse screened customers at least every three years and as often as once a year for the riskiest clients. Lawyers for Credit Suisse told the Guardian these periodic reviews were introduced “more than 15 years ago”, meaning it was continually running due diligence on existing clients from 2007.
  • The bank might, therefore, have been expected to have discovered that its German client Eduard Seidel was convicted of bribery in 2008. Seidel was an employee of Siemens. As the multinational’s lead in Nigeria, he oversaw a campaign of industrial-scale bribery to secure lucrative contracts for his employer by funnelling cash to corrupt Nigerian politicians.
  • After German authorities raided the Munich headquarters of Siemens in 2006, Seidel immediately confessed his role in the bribery scheme, though he said he had never stolen from the company or appropriated its slush funds. His involvement in the corruption led to his name being entered into the Thomson Reuters World-Check database in 2007.
  • However, the leaked Credit Suisse data shows his accounts were left open until at least well into the last decade. At one point after he left Siemens, one account was worth 54m CHF (£24m). Seidel’s lawyer declined to say whether the accounts were his. He said his client had addressed all outstanding matters relating to his bribery offences and wished to move on with his life.
  • The lawyer did not respond to repeated invitations to explain the source of the 54m CHF. Siemens said it did not know about the money and that its review of its own cashflows shed no light on the account.
  • A representative for Sederholm said Credit Suisse never froze his accounts and did not close them until 2013 when he was unable to provide due diligence material. Asked why Sederholm needed a Swiss account, they said that he was living in Thailand when it was opened, adding: “Can you please tell me if you would prefer to put your money in a Thai or Swiss bank?”
  • One client, Stefan Sederholm, a Swedish computer technician who opened an account with Credit Suisse in 2008, was able to keep it open for two-and-a-half years after his widely reported conviction for human trafficking in the Philippines, for which he was given a life sentence.
  • Swiss banks have cultivated their trusted reputation since as far back as 1713, when the Great Council of Geneva prohibited bankers from revealing details about the fortunes being deposited by European aristocrats. Switzerland soon became a tax haven for many of the world’s elites and its bankers nurtured a “duty of absolute silence” about their clients affairs.
  • The custom was enshrined in statute in 1934 with the introduction of Switzerland’s banking secrecy law, which criminalised the disclosure of client banking information to foreign authorities. Within decades, wealthy clients from all over the world were flocking to Swiss banks. Sometimes, that meant clients with something to hide.
  • One former Credit Suisse employee at the time alleges there was a deeply ingrained culture in Swiss banking of looking the other way when it came to problematic clients. “The bank’s compliance departments [were] masters of plausible deniability,” they told a reporter from the Organized Crime and Corruption Reporting Project, one of the coordinators of the Suisse secrets project. “Never write anything down that could expose an account that is non-compliant and never ask a question you do not want to know the answer to.”
  • The 2000s was also a decade in which foreign regulators and tax authorities became increasingly frustrated at their inability to penetrate the Swiss financial system. That changed in 2007, when the UBS banker Bradley Birkenfeld voluntarily approached US authorities with information about how the bank was helping thousands of wealthy Americans evade tax with secret accounts.
  • Birkenfeld was viewed as a traitor in Switzerland, where banking whistleblowers are often held in contempt. However, a wide-ranging US Senate investigation later uncovered the aggressive tactics used by UBS and Credit Suisse, the latter of which was found to have sent bankers to high-end events to recruit clients, courted a potential customer with free gold, and in one case even delivered sensitive bank statements hidden in the pages of a Sports Illustrated magazine.
  • The revelations sent shock waves through Switzerland’s financial sector and enraged the US, which pressured Switzerland into unilaterally disclosing which of its taxpayers had secret Swiss accounts from 2014. That same year, Switzerland reluctantly signed up to the international convention on the automatic exchange of banking Information.
  • By adopting the so-called common reporting standard (CRS) for sharing tax data, Switzerland in effect agreed that its banks would in the future exchange information about their clients with tax authorities in foreign countries. They started doing so in 2018.
  • Membership of the global exchange system is often cited by Switzerland’s banking industry as a turning point. “There is no longer Swiss bank client confidentiality for clients abroad,” the Swiss Bankers Association told the Guardian. “We are transparent, there is nothing to hide in Switzerland.”
  • Switzerland’s almost 90-year-old banking secrecy law, however, remains in force – and was recently broadened. The Tax Justice Network estimates that countries around the world collectively lose $21bn (£15.4bn) each year in tax revenues because of Switzerland. Many of those countries will be poorer nations that have not signed up to the CRS data exchange.
  • More than 90 countries, most of which are in the developing world, remain in the dark when their wealthy taxpayers hide their money in Swiss accounts.
  • This inequity in the system was cited by the whistleblower behind the leaked data, who said the CRS system “imposes a disproportionate financial and infrastructural burden on developing nations, perpetuating their exclusion from the system in the foreseeable future”.
  • “This situation enables corruption and starves developing countries of much-needed tax revenue. These countries are the ones that therefore suffer most from Switzerland’s reverse-Robin-Hood stunt,” they said.
  • “I am aware that having an offshore Swiss bank account does not necessarily imply tax evasion or any other financial crime,” they said. “However, it is likely that a significant number of these accounts were opened with the sole purpose of hiding their holder’s wealth from fiscal institutions and/or avoiding the payment of taxes on capital gains.”
Javier E

Russians abandon wartime Russia in historic exodus - The Washington Post - 0 views

  • Initial data shows that at least 500,000, and perhaps nearly 1 million, have left in the year since the invasion began — a tidal wave on scale with emigration following the 1917 Bolshevik Revolution and the Soviet Union’s collapse in 1991.
  • The huge outflow has swelled existing Russian expatriate communities across the world, and created new ones.
  • Some fled nearby to countries like Armenia and Kazakhstan, across borders open to Russians. Some with visas escaped to Finland, the Baltic states or elsewhere in Europe. Others ventured farther, to the United Arab Emirates, Israel, Thailand, Argentina. Two men from Russia’s Far East even sailed a small boat to Alaska.
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  • The financial cost, while vast, is impossible to calculate. In late December, Russia’s Communications Ministry reported that 10 percent of the country’s IT workers had left in 2022 and not returned.
  • those remaining in the depleted political opposition also faced a choice this year: prison or exile. Most chose exile. Activists and journalists are now clustered in cities such as Berlin and the capitals of Lithuania, Latvia and Georgia.
  • “This exodus is a terrible blow for Russia,” said Tamara Eidelman, a Russian historian who moved to Portugal after the invasion. “The layer that could have changed something in the country has now been washed away.”
  • the influx of Russians into countries such as Kazakhstan and Kyrgyzstan, which have long sent immigrants to Russia, set off political tremors, straining ties between Moscow and the other former Soviet states. Real estate prices in those countries have shot up, causing tensions with local populations.
  • For many Russians choosing to flee, Armenia was a rare easy option. It is one of five ex-Soviet countries that allow Russians to enter with just a national ID — making it a popular destination for former soldiers, political activists and others needing a quick escape.
  • Given the shared religion and use of language, Russians typically do not face animosity or social stigma in Armenia. Obtaining residency permits is also straightforward, and living costs are lower than in the European Union.
  • Yerevan has attracted thousands of IT workers, young creatives and working-class people, including families with children, from across Russia. They have established new schools, bars, cafes and robust support networks.
  • n the courtyard of the “Free School” for Russian children, established in April, Maxim, a construction company manager, was waiting for his 8-year-old son, Timofey. The school started with 40 students in an apartment. Now, there are nearly 200 in a multistory building in the city center.
  • “I did not want to be a murderer in this criminal war,” said Andrei, who is being identified by his first name for safety reasons
  • Like the White Russian emigres of the Bolshevik era and the post-Soviet immigrants of the 1990s, many of those leaving Russia because of the war in Ukraine are probably gone for good.
  • The family has adapted seamlessly to Yerevan. Everyone around them speaks Russian. Maxim works remotely on projects in Russia. Timofey likes his school and is learning Armenian. Maxim said he is sure the family will not return to Russia.
  • Tanya Raspopova, 26, arrived in Yerevan last March, with her husband but without a plan, overwhelmed and frightened.Then she heard that another emigre was seeking partners to set up a bar, a space where Russian expats could come together, and she wanted to help. Tuf, named after the pink volcanic rock common throughout Yerevan, opened its doors within a month.
  • They started with a neon-lit bar and kitchen on the ground floor, which soon expanded into a small courtyard. Then they opened up a second floor, then a third. Upstairs there is now a recording studio, a clothing boutique and a tattoo parlor. On a Wednesday night in January, the place was packed with young Russians and Armenians singing karaoke, drinking cocktails and playing ping-pong. “We have since created such a big community, a big family,” Raspopova said. “Tuf is our new home.”
  • Thousands have chosen the UAE, which did not join Western sanctions and still has direct flights to Moscow, as their new home. Russians enjoy visa-free travel for 90 days, and it is relatively easy to get a national ID, through business or investment, for a longer stay.
  • The high cost of living means there are no activists or journalists. Dubai is a haven, and the go-to playground, for Russian tech founders, billionaires under sanctions, unpenalized millionaires, celebrities, and influencers.
  • Shortly after the invasion, conversations in Moscow’s affluent Patriarch Ponds neighborhood turned to the best Dubai real estate deals, said Natalia Arkhangelskaya, who writes for Antiglyanets, a snarky and influential Telegram blog focused on Russia’s elite. A year later, Russians have ousted Brits and Indians as Dubai’s top real estate buyers, Russian-owned yachts dock at the marina, and private jets zigzag between Dubai and Moscow.
  • Russians can still buy apartments, open bank accounts and snag designer leather goods they previously shopped for in France.
  • The UAE’s embrace of foreign business has lured a stream of Russian IT workers seeking to cut ties with Russia and stay linked to global markets. Start-ups seek financing from state-supported accelerators. Larger firms pursue clients to replace those lost to sanctions.
  • About a dozen people arrived to discuss opportunities in India, which has maintained ties with Russia despite the war. Most expressed bitterness about the Kremlin’s politics and a longing for Moscow when it was an aspiring global hub.
  • “The most important thing for me is to be able to develop international projects and to integrate my kids into a global community, so they grow up in a free environment,”
  • Andrei works as a delivery driver and shares a modest room with two other men in a shelter set up by Kovcheg, a support organization for Russian emigrants. “Before the war, I never followed politics, but after the invasion, I started reading about everything,” Andrei said. “I feel so ashamed about what Russia has done.”
  • “Every extra month leads people to get used to a different country,” she said. “They get a job there, their children go to school, they begin to speak a different language. The longer the war lasts — the longer the dictatorship in the country continues — the fewer people will return.”
  • the expats could become “a repository of relevant skills for a better, freer, modern Russia.” For now, though, Rojansky said, the outflow sends a clear message.
Javier E

Is the Marriage Between Democracy and Capitalism on the Rocks? - The New York Times - 0 views

  • Wolf, the chief economics commentator for The Financial Times, worries that after an efflorescence of democratic capitalism, “that delicate flower” is beginning to wither. Most of his ire is directed at an unhinged financial system that has encouraged a “rentier capitalism” and a “rigged” economy.”
  • “Capitalism cannot survive in the long run without a democratic polity, and democracy cannot survive in the long run without a market economy,” he writes. Capitalism supplies democracy with resources, while democracy supplies capitalism with legitimacy
  • Not so, insists Martin Wolf in his new book, “The Crisis of Democratic Capitalism.
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  • What Friedman believed in was capitalism, or what he called “economic freedom.” Political freedom might come — but capitalism, he said, could do just fine without it.
  • the corporate funders of “Free to Choose” set out to make their case.
  • it was still a time when capitalism’s most enthusiastic supporters evidently felt the need to win the public over to a vision of free markets and minimal government
  • The documentary series “Free to Choose,” which aired on public television in 1980
  • He and other observers are trying to make sense of what might happen next — and, befitting our current bewilderment, they offer a range of perspectives. Some, like Wolf, hope the relationship can be repaired; others argue that the pairing has always been fraught, if not impossible.
  • he has also read his Marx and Engels, looking askance at their solutions while commending them for how “brilliantly” they described capitalism’s relentlessness and omnivorousness. Left to its own devices, capitalism expands wherever it can, plowing its way through national boundaries and local traditions — making it marvelously dynamic or utterly ruinous, and not infrequently both.
  • In Wolf’s case, his anguished tone reflects the scale of his own disillusionment. Born in 1946 in postwar England, he recalls in his preface how “the world seemed solid as I grew up.” He describes the feelings of “confidence” in democracy and capitalism that flourished with the collapse of the Soviet Union
  • Yet the “democratic capitalism” that Wolf wants to preserve was, even by his own lights, short-lived. Democracy itself — or “liberal democracy” with universal suffrage, which Wolf says is the kind of democracy he means — is a “political mayfly.” Democratic capitalism ended, in his account, with the financial crisis of 2008
  • Robert Reich has offered another measure, arguing that democratic capitalism, at least in the United States, began with Franklin D. Roosevelt’s New Deal and ended with Reagan, when “corporate capitalism” took over.
  • The left-wing German sociologist Wolfgang Streeck stakes out a decidedly different position, suggesting that the tendency to equate “democratic capitalism” with a few decades of postwar plenty is to misinterpret a “historical compromise between a then uniquely powerful working class and an equally uniquely weakened capitalist class
  • In “How Will Capitalism End?” (2016), Streeck argues that it’s not compromise but the cascade of crises following the postwar boom — inflation, unemployment, market crashes — “that represents the normal condition of democratic capitalism.” Where Wolf wistfully invokes a “delicate flower,” Streeck writes contemptuously of a “shotgun marriage.”
  • the historian Gary Gerstle explores in his fascinating and incisive “The Rise and Fall of the Neoliberal Order” (2022). Before the New Deal order started to falter in the late 1960s and ’70s, Gerstle writes, a majority of Americans believed that capitalism should be managed by a strong state; in the neoliberal order that followed, a majority of Americans believed that the state should be constrained by free markets. Each order began to break down when its traditional ways of solving problems didn’t seem to work
  • capitalism, according to Naomi Oreskes and Erik M. Conway, has obtained the status of civic religion. In “The Big Myth: How American Business Taught Us to Loathe Government and Love the Free Market,” the authors argue that industry groups and wealthy donors have engaged in a concerted campaign to promote “market fundamentalism” — “a vision of growth and innovation by unfettered markets where government just gets out of the way.”
  • The main implication of “The Big Myth” seems to be that “market fundamentalism” is so horrifically egregious — enriching the few and despoiling the planet — that Americans had to be plied with propaganda to believe in it.
  • as Gerstle’s book shows, neoliberal ideas proved so seductive because they also happened to dovetail with the stories that Americans wanted to tell about themselves, emphasizing individuality and freedom.
  • A new generation of swashbuckling billionaires entertain the prospect of secession, using their money to realize fantasies of escape, whether through seasteading or spaceships. The book quotes one seasteading enthusiast declaring, “Democracy is not the answer,” but merely “the current industry standard.”
  • Slobodian’s excellent if discomfiting new book, “Crack-Up Capitalism” (forthcoming in April), explores other neoliberal evasions of the nation-state: tax havens, special economic zones, gated communities — enclaves that are “freed from ordinary forms of regulation.
  • in “Globalists” (2018) the historian Quinn Slobodian argues that neoliberals have found ways not just to liberate markets but to “encase” them in international institutions, thereby shielding capitalist activities from democratic accountability. He observes that neoliberals were especially alarmed after World War II by decolonization, adopting a condescending “racialized language” that pitted “the rational West,” with its trade rules and property laws, against a postcolonial South, “with its ‘emotional’ commitment to sovereignty.”
Javier E

Why Didn't the Government Stop the Crypto Scam? - 1 views

  • Securities and Exchange Commission Chair Gary Gensler, who took office in April of 2021 with a deep background in Wall Street, regulatory policy, and crypto, which he had taught at MIT years before joining the SEC. Gensler came in with the goal of implementing the rule of law in the crypto space, which he knew was full of scams and based on unproven technology. Yesterday, on CNBC, he was again confronted with Andrew Ross Sorkin essentially asking, “Why were you going after minor players when this Ponzi scheme was so flagrant?”
  • Cryptocurrencies are securities, and should fit under securities law, which would have imposed rules that would foster a de facto ban of the entire space. But since regulators had not actually treated them as securities for the last ten years, a whole new gray area of fake law had emerged
  • Almost as soon as he took office, Gensler sought to fix this situation, and treat them as securities. He began investigating important players
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  • But the legal wrangling to just get the courts to treat crypto as a set of speculative instruments regulated under securities law made the law moot
  • In May of 2022, a year after Gensler began trying to do something about Terra/Luna, Kwon’s scheme blew up. In a comically-too-late-to-matter gesture, an appeals court then said that the SEC had the right to compel information from Kwon’s now-bankrupt scheme. It is absolute lunacy that well-settled law, like the ability for the SEC to investigate those in the securities business, is now being re-litigated.
  • many crypto ‘enthusiasts’ watching Gensler discuss regulation with his predecessor “called for their incarceration or worse.”
  • it wasn’t just the courts who were an impediment. Gensler wasn’t the only cop on the beat. Other regulators, like those at the Commodities Futures Trading Commission, the Federal Reserve, or the Office of Comptroller of the Currency, not only refused to take action, but actively defended their regulatory turf against an attempt from the SEC to stop the scams.
  • Behind this was the fist of political power. Everyone saw the incentives the Senate laid down when every single Republican, plus a smattering of Democrats, defeated the nomination of crypto-skeptic Saule Omarova in becoming the powerful bank regulator at the Comptroller of the Currency
  • Instead of strong figures like Omarova, we had a weakling acting Comptroller Michael Hsu at the OCC, put there by the excessively cautious Treasury Secretary Janet Yellen. Hsu refused to stop bank interactions with crypto or fintech because, as he told Congress in 2021, “These trends cannot be stopped.”
  • It’s not just these regulators; everyone wanted a piece of the bureaucratic pie. In March of 2022, before it all unraveled, the Biden administration issued an executive order on crypto. In it, Biden said that virtually every single government agency would have a hand in the space.
  • That’s… insane. If everyone’s in charge, no one is.
  • And behind all of these fights was the money and political prestige of some most powerful people in Silicon Valley, who were funding a large political fight to write the rules for crypto, with everyone from former Treasury Secretary Larry Summers to former SEC Chair Mary Jo White on the payroll.
  • (Even now, even after it was all revealed as a Ponzi scheme, Congress is still trying to write rules favorable to the industry. It’s like, guys, stop it. There’s no more bribe money!)
  • Moreover, the institution Gensler took over was deeply weakened. Since the Reagan administration, wave after wave of political leader at the SEC has gutted the place and dumbed down the enforcers. Courts have tied up the commission in knots, and Congress has defanged it
  • Under Trump crypto exploded, because his SEC chair Jay Clayton had no real policy on crypto (and then immediately went into the industry after leaving.) The SEC was so dormant that when Gensler came into office, some senior lawyers actually revolted over his attempt to make them do work.
  • In other words, the regulators were tied up in the courts, they were against an immensely powerful set of venture capitalists who have poured money into Congress and D.C., they had feeble legal levers, and they had to deal with ‘crypto enthusiasts' who thought they should be jailed or harmed for trying to impose basic rules around market manipulation.
  • The bottom line is, Gensler is just one regulator, up against a lot of massed power, money, and bad institutional habits. And we as a society simply made the choice through our elected leaders to have little meaningful law enforcement in financial markets, which first became blindingly obvious in 2008 during the financial crisis, and then became comical ten years later when a sector whose only real use cases were money laundering
  • , Ponzi scheming or buying drugs on the internet, managed to rack up enough political power to bring Tony Blair and Bill Clinton to a conference held in a tax haven billed as ‘the future.’
  • It took a few years, but New Dealers finally implemented a workable set of securities rules, with the courts agreeing on basic definitions of what was a security. By the 1950s, SEC investigators could raise an eyebrow and change market behavior, and the amount of cheating in finance had dropped dramatically.
  • By 1935, the New Dealers had set up a new agency, the Securities and Exchange Commission, and cleaned out the FTC. Yet there was still immense concern that Roosevelt had not been able to tame Wall Street. The Supreme Court didn’t really ratify the SEC as a constitutional body until 1938, and nearly struck it down in 1935 when a conservative Supreme Court made it harder for the SEC to investigate cases.
  • Institutional change, in other words, takes time.
  • It’s a lesson to remember as we watch the crypto space melt down, with ex-billionaire Sam Bankman-Fried
  • It’s not like perfidy in crypto was some hidden secret. At the top of the market, back in December 2021, I wrote a piece very explicitly saying that crypto was a set of Ponzi schemes. It went viral, and I got a huge amount of hate mail from crypto types
  • one of the more bizarre aspects of the crypto meltdown is the deep anger not just at those who perpetrated it, but at those who were trying to stop the scam from going on. For instance, here’s crypto exchange Coinbase CEO Brian Armstrong, who just a year ago was fighting regulators vehemently, blaming the cops for allowing gambling in the casino he helps run.
  • FTX.com was an offshore exchange not regulated by the SEC. The problem is that the SEC failed to create regulatory clarity here in the US, so many American investors (and 95% of trading activity) went offshore. Punishing US companies for this makes no sense.
Javier E

Toxic Political Culture Has Even Some Slovaks Calling Country 'a Black Hole.' - The New... - 0 views

  • Of all the countries in Central and Eastern Europe that shook off communist rule in 1989, Slovakia has the highest proportion of citizens who view liberal democracy as a threat to their identity and values — 43 percent compared with 15 percent in the neighboring Czech Republic
  • Support for Russia has declined sharply since the start of the full-scale invasion of Ukraine in 2022, but 27 percent of Slovaks see it as key strategic partner, the highest level in the region.
  • many of its people — particularly those living outside big cities — feel left behind and resentful, Mr. Meseznikov said, and are “more vulnerable than elsewhere to conspiracy theories and narratives that liberal democracy is a menace.”
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  • The picture is much the same in many other formerly communist countrie
  • Slovakia’s politics are particularly poisonous, swamped by wild conspiracy theories and bile.
  • The foundations of this were laid in the 1990s when Mr. Meciar formed what is still one of the country’s two main political blocs: an alliance of right-wing nationalists, business cronies and anti-establishment leftists. All thrived on denouncing their centrist and liberal opponents as enemies willing to sell out the country’s interests to the West
  • “Meciar was a pioneer,” he said. “He was a typical representative of national populism with an authoritarian approach, and so is Fico.”
  • On the day Mr. Fico was shot, Parliament was meeting to endorse an overhaul of public television to purge what his governing party views as unfair bias in favor of political opponents, a reprise of efforts in the 1990s by Mr. Meciar to mute media critics.
  • The legislation was part of a raft of measures that the European Commission in February said risked doing “irreparable damage” to the rule of law. These include measures to limit corruption investigations and impose what critics denounced as Russian-style restrictions on nongovernmental organizations. The government opposes military aid to Ukraine and L.G.B.T.Q. rights, is often at odds with the European Union and, like Mr. Orban, favors friendly relations with Vladimir V. Putin’s Russia.
  • In the run-up to the election last September that returned Mr. Fico, a fixture of Slovak politics for more than two decades, to power, he and his allies took an increasingly hostile stance toward the United States and Ukraine, combined with sympathetic words for Russia.
  • Their statements often recalled a remark by Mr. Meciar, who, resisting demands in the 1990s that he must change his ways if Slovakia wanted to join the European Union, held up Russia as an alternative haven: “if they don’t want us in the West, we’ll go East.”
  • But, he added, “the frames that the society and its elites use to interpret the conflict remain the same: a choice between a Western path and being something of a bridge between the East and the West, as well as a choice between liberal democracy and illiberal, authoritarian government.”
  • Andrej Danko, the leader of the party, which is now part of the new coalition government formed by Mr. Fico after the September election, said that the attempt to assassinate Mr. Fico represented the “start of a political war” between the country’s two opposing camps.
  • Iveta Radicova, a sociologist opposed to Mr. Fico who is a former prime minister, said Slovakia’s woes were part of a wider crisis with roots that extend far beyond its early stumbles under Mr. Meciar.
  • “Many democracies are headed toward the black hole,” as countries from Hungary in the East to the Netherlands in the West succumb to the appeal of national populism, she said. “This shift is happening everywhere.”
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