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clairemann

Analysis: Supreme Court ruling is a bitter legal and personal blow to Trump - CNNPolitics - 0 views

  • (CNN)The Supreme Court's refusal to block the release of Trump White House documents to the House January 6 committee represents a huge defeat for the ex-President's frantic effort to cover up his 2021 coup attempt.
  • It will also likely be viewed by the former President as a betrayal by the court's conservative majority, which he cemented with three picks for the top bench whom he saw as a legal insurance policy as he's continually sought to bend governing institutions to avoid accountability.
  • The net has significantly tightened around the Trump White House in recent weeks.
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  • "victory for the rule of law and American democracy"
  • Trump had mounted an intense effort to avoid such scrutiny and had already lost cases in district and appellate courts as part of a broad campaign of obstruction of the committee, which has included expansive executive privilege claims by ex-aides -- even some, like his populist political guru Steve Bannon, who were not serving White House officials at the time of the insurrection.
  • The Supreme Court did not rule on the key legal question of what happens when there is a dispute between a current and a former president on the scope of executive privilege -- a concept meant to ensure that advice to a commander in chief from subordinates can stay private. But it allowed to stand a ruling by the appellate court that found Trump had not demonstrated that his concerns for executive branch confidentiality should override "profound interests in disclosure" cited by Biden.
  • Wednesday's ruling, in which only conservative Justice Clarence Thomas signaled dissent, will also offer a new mark of legitimacy to the select committee, amid claims by pro-Trump Republicans that it is an illegally constituted witch hunt despite being voted into being by the House. It will also boost the committee's race against time as it tries to complete its work before a possible new Republican majority shuts it down.
  • The decision means that 700 documents -- including schedules, speech and call logs, and three pages of handwritten notes from then-White House chief of staff Mark Meadows -- can be transferred from the National Archives to the House committee, a process that was already underway Wednesday evening.
  • On Tuesday, CNN exclusively reported that the committee had subpoenaed and obtained phone number records from one of the ex-President's sons, Eric Trump, and Kimberly Guilfoyle, who is engaged to his brother, Donald Trump Jr. The committee is interested in investigating the level of coordination between Trump's team and organizers of the Washington rally at which the then-President told supporters who later moved to the Capitol to "fight like hell" to stop Congress from certifying Biden's election win.
  • it appears unlikely to meaningfully reshape the fraught politics of the insurrection. Swathes of the Republican Party, especially in the House, have done their best to whitewash Trump's role that day as he contemplates a possible comeback presidential bid in 2024.
  • There is no doubt, however, that Trump will be apoplectic that his three Supreme Court nominees, Justices Neil Gorsuch, Brett Kavanaugh and Amy Coney Barrett, did not publicly dissent from denying his bid to keep his West Wing records secret.
  • Trump has repeatedly slammed the Supreme Court for throwing out his false claims of election fraud, claiming he was a victim of a miscarriage of justice even though his delusional cases were also dismissed by multiple lower courts.
  • Throughout his presidency, Trump appeared to equate judicial and Cabinet nominations with an act of patronage, viewing those selected as owing him a debt that would be repaid by pursuing his interests rather than honoring the rule of law and the Constitution.
  • The gathering clouds around Trump would represent a grave legal and reputational risk to a normal politician, but given his talent for impunity, it's far from certain that they will slow his political aspirations.
Javier E

Opinion | Readers Have Questions About Stocks. An Economist Replies. - The New York Times - 0 views

  • the more times you drive, the greater the risk of at least one accident. Let’s say tossing heads is bad. The probability of completely avoiding heads is 50 percent on the first toss, but only 1 in 1,000 over 10 tosses.
  • True, the probability of ending up with more money after X years goes up the higher the share of stocks in your portfolio. But so does the probability of ending up with less than the purely safe investment. This is the dirty little secret of Wall Street.
  • I introduce “upside investing” in my new book as a safe and simple way for risk-averse investors to play the market. The idea is to treat all your money now in stocks and all the money you’ll add to your stock holdings as if you will lose every penny of it
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  • Then invest your remaining money in safe assets, i.e., TIPS — Treasury Inflation Protected Securities. This sets a floor to your living standard. Until you withdraw money from the stock market, you spend only the floor amount
  • As you withdraw from the market, invest the proceeds in TIPS, which gives you more safe assets, justifying a higher living-standard floor.
  • Taking dividends and safely investing them is an example of “upside investing.” The key thing is never spending out of a pool of funds that isn’t fully safe. This way your living-standard floor will only rise
  • ersions of “upside investing” are considered in “Risk Less and Prosper: Your Guide to Safer Investing” by Zvi Bodie and Rachelle Taqqu.
  • people who said owning a house is a good way to protect yourself from the vicissitudes of the markets. Is that true, and if so, why?
  • Absolutely. When you own your home you’re protected from rent increases. The shelter that the house provides is like an inflation-protected annuity you might buy from an insurance company.
  • The one big advantage, though, even if you must move, is that homes are real assets. As such, they should maintain their real value during periods, like now, of high inflation.
  • Wall Street’s focus is on probability, whereas economists focus on outcomes. Losing everything, not matter how low the probability, is not something an economist would ever entertain as part of a reasonable financial plan.
  • if you do lose, it can be disastrous. Suppose you are blindfolded and have two options — stay where you are (hold safe bonds) or toss a die (hold risky stock).
  • many readers said that there’s no reason for a long-term investor to shy away from stocks because they always go up in the long run, say, over 20 or 30 years. Your response?
  • Unfortunately, the history is far too short to provide statistical reliability about cumulative returns over independent 30-year holding periods.
  • This statement is wrong. There are several 30-year periods over which stocks barely rose in inflation-adjusted terms, and many 20-year periods in which they outright declined. Plus, we don’t have enough independent observations to go on.
Javier E

Opinion | Everyone's Moving to Texas. Here's Why. - The New York Times - 0 views

  • Texas’ climate risks. Houston will not do well on a warming planet — it is economically dependent on the oil and gas industry and is threatened by hurricanes and a surge in sea levels. But other big cities, including Dallas and Fort Worth, face more moderate risks, especially compared to many cities in California. Yes, Texas is very hot and likely to get hotter; but if a lot of other American cities also begin to get very hot, Texas cities might not feel as overheated by comparison. In addition to the risk of heat stress, Texas also faces the possibility of water shortages, but that will be true across much of the West, including California’s population centers.
  • What Texans will not have to worry about as much are wildfires, the scourge of so much of California, and the attendant air pollution, though experts predict increases in wildfires in Texas. It’s true that Texas’ less extreme fire risk is related to something precious about California that Texas lacks — abundant trees and mountains in major metro areas, or really any of California’s striking natural beauty. But nobody said living through climate change would be pretty.
  • You might argue that it’s too speculative to take into account something as broad and complex as climate change when deciding where to live. And more important, there’s no real escape from a long-term planetary disaster — even if you move to some place with lovely weather, your life is bound to be altered in significant ways as habitability shifts elsewhere on the globe.
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  • living through California’s tinderbox years has convinced me to keep an eye on climate dangers; while forecasts on climate risk are inexact, making some effort to anticipate its danger when deciding where to live feels more responsible than ignoring it. And when people in California are paying a million dollars above asking price for homes in areas of high and increasing wildfire risk, isn’t that something like ignoring it?
  • There is a concept in behavioral economics known as a “Minsky moment,” which describes when a bull market suddenly wises up to its own unsustainability, causing a collapse in prices.
  • Jesse Keenan, an associate professor at the Tulane University School of Architecture who studies how climate change affects housing markets, told me that a Minsky moment could be coming for high-priced homes in at-risk coastal cities. As home lenders, insurance companies and other players in the real estate business begin to better understand their exposure to climate risks, they may raise premiums or force disclosure requirements that could lower home values.
  • At the moment, buying a home in the San Francisco Bay Area, where I live, looks like a safe investment. But lately I have begun to obsess about the uncertainty built into the changing weather. What if three fire seasons from now proves to be one fire season too many — and, in a blink, the housing market into which we’ve invested so much of our future implodes? “In a way, climate change could begin to look like a foreclosure crisis,” Keenan told me.
Javier E

Opinion | Vaccine Hesitancy Is About Trust and Class - The New York Times - 0 views

  • The world needs to address the root causes of vaccine hesitancy. We can’t go on believing that the issue can be solved simply by flooding skeptical communities with public service announcements or hectoring people to “believe in science.”
  • For the past five years, we’ve conducted surveys and focus groups abroad and interviewed residents of the Bronx to better understand vaccine avoidance.
  • We’ve found that people who reject vaccines are not necessarily less scientifically literate or less well-informed than those who don’t. Instead, hesitancy reflects a transformation of our core beliefs about what we owe one another.
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  • Over the past four decades, governments have slashed budgets and privatized basic services. This has two important consequences for public health
  • First, people are unlikely to trust institutions that do little for them.
  • second, public health is no longer viewed as a collective endeavor, based on the principle of social solidarity and mutual obligation. People are conditioned to believe they’re on their own and responsible only for themselves.
  • an important source of vaccine hesitancy is the erosion of the idea of a common good.
  • “People are thinking, ‘If the government isn’t going to do anything for us,’” said Elden, “‘then why should we participate in vaccines?’”
  • Since the spring, when most American adults became eligible for Covid vaccines, the racial gap in vaccination rates between Black and white people has been halved. In September, a national survey found that vaccination rates among Black and white Americans were almost identical.
  • Other surveys have determined that a much more significant factor was college attendance: Those without a college degree were the most likely to go unvaccinated.
  • Education is a reliable predictor of socioeconomic status, and other studies have similarly found a link between income and vaccination.
  • It turns out that the real vaccination divide is class.
  • compared with white Americans, communities of color do experience the American health care system differently. But a closer look at the data reveals a more complicated picture.
  • during the 1950s polio campaigns, for example, most people saw vaccination as a civic duty.
  • But as the public purse shrunk in the 1980s, politicians insisted that it’s no longer the government’s job to ensure people’s well-being; instead, Americans were to be responsible only for themselves and their own bodies
  • Entire industries, such as self-help and health foods, have sprung up on the principle that the key to good health lies in individuals making the right choices.
  • Without an idea of the common good, health is often discussed using the language of “choice.”
  • there are problems with reducing public health to a matter of choice. It gives the impression that individuals are wholly responsible for their own health.
  • This is despite growing evidence that health is deeply influenced by factors outside our control; public health experts now talk about the “social determinants of health,” the idea that personal health is never simply just a reflection of individual lifestyle choices, but also the class people are born into, the neighborhood they grew up in and the race they belong to.
  • food deserts and squalor are not easy problems to solve — certainly not by individuals or charities — and they require substantial government action.
  • Many medical schools teach “motivational interviewing,”
  • the deeper problem:
  • Being healthy is not cheap. Studies indicate that energy-dense foods with less nutritious value are more affordable, and low-cost diets are linked to obesity and insulin resistance.
  • This isn’t surprising, since we shop for doctors and insurance plans the way we do all other goods and services
  • Another problem with reducing well-being to personal choice is that this treats health as a commodity.
  • mothers devoted many hours to “researching” vaccines, soaking up parental advice books and quizzing doctors. In other words, they act like savvy consumers
  • When thinking as a consumer, people tend to downplay social obligations in favor of a narrow pursuit of self-interest. As one parent told Reich, “I’m not going to put my child at risk to save another child.”
  • Such risk-benefit assessments for vaccines are an essential part of parents’ consumer research.
  • Vaccine uptake is so high among wealthy people because Covid is one of the gravest threats they face. In some wealthy Manhattan neighborhoods, for example, vaccination rates run north of 90 percent.
  • For poorer and working-class people, though, the calculus is different: Covid-19 is only one of multiple grave threats.
  • When viewed in the context of the other threats they face, Covid no longer seems uniquely scary.
  • Most of the people we interviewed in the Bronx say they are skeptical of the institutions that claim to serve the poor but in fact have abandoned them.
  • he and his friends find reason to view the government’s sudden interest in their well-being with suspicion. “They are over here shoving money at us,” a woman told us, referring to a New York City offer to pay a $500 bonus to municipal workers to get vaccinated. “And I’m asking, why are you so eager, when you don’t give us money for anything else?”
  • These views reinforce the work of social scientists who find a link between a lack of trust and inequality. And without trust, there is no mutual obligation, no sense of a common good.
  • The experience of the 1960s suggests that when people feel supported through social programs, they’re more likely to trust institutions and believe they have a stake in society’s health.
  • Research shows that private systems not only tend to produce worse health outcomes than public ones, but privatization creates what public health experts call “segregated care,” which can undermine the feelings of social solidarity that are critical for successful vaccination drives
  • In one Syrian city, for example, the health care system now consists of one public hospital so underfunded that it is notorious for poor care, a few private hospitals offering high-quality care that are unaffordable to most of the population, and many unlicensed and unregulated private clinics — some even without medical doctors — known to offer misguided health advice. Under such conditions, conspiracy theories can flourish; many of the city’s residents believe Covid vaccines are a foreign plot.
  • In many developing nations, international aid organizations are stepping in to offer vaccines. These institutions are sometimes more equitable than governments, but they are often oriented to donor priorities, not community needs.
  • “We have starvation and women die in childbirth.” one tribal elder told us, “Why do they care so much about polio? What do they really want?”
  • In America, anti-vaccine movements are as old as vaccines themselves; efforts to immunize people against smallpox prompted bitter opposition in the turn of the last century. But after World War II, these attitudes disappeared. In the 1950s, demand for the polio vaccine often outstripped supply, and by the late 1970s, nearly every state had laws mandating vaccinations for school with hardly any public opposition.
  • What changed? This was the era of large, ambitious government programs like Medicare and Medicaid.
  • The anti-measles policy, for example, was an outgrowth of President Lyndon Johnson’s Great Society and War on Poverty initiatives.
  • While the reasons vary by country, the underlying causes are the same: a deep mistrust in local and international institutions, in a context in which governments worldwide have cut social services.
  • Only then do the ideas of social solidarity and mutual obligation begin to make sense.
  • The types of social programs that best promote this way of thinking are universal ones, like Social Security and universal health care.
  • If the world is going to beat the pandemic, countries need policies that promote a basic, but increasingly forgotten, idea: that our individual flourishing is bound up in collective well-being.
Javier E

Why Marine Le Pen Is So Close to Power - The Atlantic - 0 views

  • how can a few missteps by an incumbent president, or a few adroit moves by his extremist challenger, be enough to put the far right within arm’s reach of winning the highest office in the country?
  • The answer, I believe, has to do with the power of the relentlessly pessimistic narrative told by the far right—and the failure of the rest of society to counter it with a more optimistic vision of the future.
  • In their speeches, Le Pen and Zemmour give the impression that the country they purport to love is on the brink of collapse. Over the course of decades, they claim, corrupt elites have betrayed the country by attempting to replace its native population with more pliable immigrants.
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  • These newcomers, especially Muslims, are said to be fundamentally opposed to both France and French values. Unless the country turns back the clock, and puts “real” Frenchmen in charge again, it is supposedly doomed. Islamism, Le Pen has argued, is a “totalitarianism” that aims to “subjugate France.”
  • France’s left rightly rejects both conspiracy theories about a “great replacement” and attempts to blame immigrants for the concentrated poverty that does persist in some French suburbs. But even as it has contested who is to blame for the current malaise, it has, in its own way, mirrored the relentless pessimism of the right.
  • Many of the loudest left-wing voices in France also depict life in the banlieues as bleak and dystopian.
  • they, too, give the impression that most immigrants and their descendants are perpetually stuck at the very lowest rungs of society.
  • American reality is much more hopeful than the pessimistic narratives that are now so fashionable suggest.
  • This pessimism could not have become so dominant if it did not have roots in reality.
  • yet, life in contemporary France is much better than the dominant discourse on either the right or the left now seems to suggest. Indeed, France has successfully managed to integrate the majority of its immigrants over the course of the past decades
  • Far from being stuck in poverty or welfare dependency, most immigrants are experiencing rapid social, economic, and educational mobility. According to one large study by European economists, for example, the children and grandchildren of immigrants are more likely to improve their living conditions than the children and grandchildren of similarly positioned “natives.”
  • Because of the failure of the French mainstream to contest the pessimistic narrative of the far right, these facts are barely known in the country
  • Under those circumstances, it is hardly surprising that so many voters are choosing to seek fault with outsiders rather than themselves.M
  • he difference lies in who is blamed for these dystopian conditions: The real culprits, according to more progressive pessimists, are the incessant discrimination and racism that define contemporary France.
  • The majority of African Americans are middle-class. Most have completed high school and about half have, if they are below the age of 40, spent some time at a community college or research university. Black Americans are more likely to work in white-collar jobs than in blue-collar ones. They are more likely to get their health insurance from their employers than to either have to purchase it on an open marketplace or be uninsured.
  • Black Americans are actually more likely than their white fellow citizens to “believe in the American dream” or to say that the country’s best days still lie ahead.
  • Immigrants fared very well, rapidly boosting their incomes from one generation to the next. And this turned out to be true irrespective of their ethnic or geographical origin. “Children of immigrants from nearly every sending country,” the economists write, “have higher rates of upward mobility than the children of the US-born.”
Javier E

'I'm 57, I'm just shattered': The reality of being a Deliveroo rider over 50 | Gig econ... - 0 views

  • The work and pensions secretary Mel Stride caused controversy on Thursday by suggesting over-50s should take up food delivery work, after Deliveroo recorded a 62% increase in couriers over 50 since 2021.
  • After the controversy – which saw the TUC accuse Stride of “glorifying the gig economy” – the Guardian spoke to Chris, a 57-year-old courier based in London.
  • “I started riding for Deliveroo in 2019 after a contract ended. I’m just constantly tired. Mel Stride made it sound like you can just log on and find an order, but there’s so much waiting around that you don’t get paid for. Often I’m waiting on my bike an hour for an order. I’ll be sitting there next to 17 other riders. It’s like a waiter or waitress only being paid when they deliver food to the table,” he said.
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  • “My mum’s 82 and doesn’t live in London. I don’t get to visit her enough because even missing one day of work hits my income. Yesterday I made £15.75 in three hours at lunchtime. I don’t earn enough for the hours I work. I live in social housing and my rent is £150 a week. Currently I’m behind on that and my council tax. I know that Marks & Spencer puts reduced stickers on food at 5.30pm and Co-op at 6.30pm so I try to go then. It’s just a constant struggle. We get no national insurance contributions, no pension, no holiday pay.
  • “I’m 57, I’m just shattered. When I first started, I’d feel it in the legs and hips and shoulders. Those boxes are heavy. But now it’s just my whole body. At the end of the day you just slump down. Sometimes I just go to the pub on my own, and I just think: ‘Please no one talk to me.’
  • “That’s the real toll of the job – its impact on your mental health. I’m usually an exuberant and confident person. But I just feel worthless. It’s hard to hold your head high. Most customers are fine, but a significant minority treat you like a personal servant. They don’t even look at you when they take their food. It has an impact on your esteem – I’ve lost respect for myself, I assume people must think: ‘Look at that old git doing Deliveroo.’
  • “On one delivery, in 2019, I arrived at a block of flats in London. The guy at the door said: ‘I’m fucking sick of you lot.’ Maybe he’d been waiting a while. He started walking towards me, so I started filming. Then he hit me in the face and knocked my phone out of my hand. I told the company not to send me back there. But a few weeks later I recognised his address on an order. I gave it back to the restaurant. It’s made me wary of deliveries – sometimes drop-offs feel tense.
  • “Mel Stride’s comments were so naive. It’s like Norman Tebbit’s ‘get on your bike’ again. Believe me, I’m on my bike. Six or seven days a week. He’s advocating for a return to Victorian working practices, with workers queueing up hoping they’ll be picked. I’m retraining to be a HGV driver, hopefully getting my test in the autumn, so that’s my light at the end of the tunnel.
  • “There are parts of the job I enjoy. I like riding my bike, especially along the river, and it’s great to have the freedom of no boss breathing down my neck. Sometimes I’ll stop for 10 minutes and just look over the London skyline. But when I stand there, I’m usually thinking: ‘When’s my next order going to be?’”
Javier E

How the AI apocalypse gripped students at elite schools like Stanford - The Washington ... - 0 views

  • Edwards thought young people would be worried about immediate threats, like AI-powered surveillance, misinformation or autonomous weapons that target and kill without human intervention — problems he calls “ultraserious.” But he soon discovered that some students were more focused on a purely hypothetical risk: That AI could become as smart as humans and destroy mankind.
  • In these scenarios, AI isn’t necessarily sentient. Instead, it becomes fixated on a goal — even a mundane one, like making paper clips — and triggers human extinction to optimize its task.
  • To prevent this theoretical but cataclysmic outcome, mission-driven labs like DeepMind, OpenAI and Anthropic are racing to build a good kind of AI programmed not to lie, deceive or kill us.
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  • Meanwhile, donors such as Tesla CEO Elon Musk, disgraced FTX founder Sam Bankman-Fried, Skype founder Jaan Tallinn and ethereum co-founder Vitalik Buterin — as well as institutions like Open Philanthropy, a charitable organization started by billionaire Facebook co-founder Dustin Moskovitz — have worked to push doomsayers from the tech industry’s margins into the mainstream.
  • More recently, wealthy tech philanthropists have begun recruiting an army of elite college students to prioritize the fight against rogue AI over other threats
  • Other skeptics, like venture capitalist Marc Andreessen, are AI boosters who say that hyping such fears will impede the technology’s progress.
  • Critics call the AI safety movement unscientific. They say its claims about existential risk can sound closer to a religion than research
  • And while the sci-fi narrative resonates with public fears about runaway AI, critics say it obsesses over one kind of catastrophe to the exclusion of many others.
  • Open Philanthropy spokesperson Mike Levine said harms like algorithmic racism deserve a robust response. But he said those problems stem from the same root issue: AI systems not behaving as their programmers intended. The theoretical risks “were not garnering sufficient attention from others — in part because these issues were perceived as speculative,” Levine said in a statement. He compared the nonprofit’s AI focus to its work on pandemics, which also was regarded as theoretical until the coronavirus emerged.
  • Among the reputational hazards of the AI safety movement is its association with an array of controversial figures and ideas, like EA, which is also known for recruiting ambitious young people on elite college campuses.
  • The foundation began prioritizing existential risks around AI in 2016,
  • there was little status or money to be gained by focusing on risks. So the nonprofit set out to build a pipeline of young people who would filter into top companies and agitate for change from the insid
  • Colleges have been key to this growth strategy, serving as both a pathway to prestige and a recruiting ground for idealistic talent
  • The clubs train students in machine learning and help them find jobs in AI start-ups or one of the many nonprofit groups dedicated to AI safety.
  • Many of these newly minted student leaders view rogue AI as an urgent and neglected threat, potentially rivaling climate change in its ability to end human life. Many see advanced AI as the Manhattan Project of their generation
  • Despite the school’s ties to Silicon Valley, Mukobi said it lags behind nearby UC Berkeley, where younger faculty members research AI alignment, the term for embedding human ethics into AI systems.
  • Mukobi joined Stanford’s club for effective altruism, known as EA, a philosophical movement that advocates doing maximum good by calculating the expected value of charitable acts, like protecting the future from runaway AI. By 2022, AI capabilities were advancing all around him — wild developments that made those warnings seem prescient.
  • At Stanford, Open Philanthropy awarded Luby and Edwards more than $1.5 million in grants to launch the Stanford Existential Risk Initiative, which supports student research in the growing field known as “AI safety” or “AI alignment.
  • from the start EA was intertwined with tech subcultures interested in futurism and rationalist thought. Over time, global poverty slid down the cause list, while rogue AI climbed toward the top.
  • In the past year, EA has been beset by scandal, including the fall of Bankman-Fried, one of its largest donors
  • Another key figure, Oxford philosopher Nick Bostrom, whose 2014 bestseller “Superintelligence” is essential reading in EA circles, met public uproar when a decades-old diatribe about IQ surfaced in January.
  • Programming future AI systems to share human values could mean “an amazing world free from diseases, poverty, and suffering,” while failure could unleash “human extinction or our permanent disempowerment,” Mukobi wrote, offering free boba tea to anyone who attended the 30-minute intro.
  • Open Philanthropy’s new university fellowship offers a hefty direct deposit: undergraduate leaders receive as much as $80,000 a year, plus $14,500 for health insurance, and up to $100,000 a year to cover group expenses.
  • Student leaders have access to a glut of resources from donor-sponsored organizations, including an “AI Safety Fundamentals” curriculum developed by an OpenAI employee.
  • Interest in the topic is also growing among Stanford faculty members, Edwards said. He noted that a new postdoctoral fellow will lead a class on alignment next semester in Stanford’s storied computer science department.
  • Edwards discovered that shared online forums function like a form of peer review, with authors changing their original text in response to the comments
  • Mukobi feels energized about the growing consensus that these risks are worth exploring. He heard students talking about AI safety in the halls of Gates, the computer science building, in May after Geoffrey Hinton, another “godfather” of AI, quit Google to warn about AI. By the end of the year, Mukobi thinks the subject could be a dinner-table topic, just like climate change or the war in Ukraine.
  • Luby, Edwards’s teaching partner for the class on human extinction, also seems to find these arguments persuasive. He had already rearranged the order of his AI lesson plans to help students see the imminent risks from AI. No one needs to “drink the EA Kool-Aid” to have genuine concerns, he said.
  • Edwards, on the other hand, still sees things like climate change as a bigger threat than rogue AI. But ChatGPT and the rapid release of AI models has convinced him that there should be room to think about AI safety.
  • Interested students join reading groups where they get free copies of books like “The Precipice,” and may spend hours reading the latest alignment papers, posting career advice on the Effective Altruism forum, or adjusting their P(doom), a subjective estimate of the probability that advanced AI will end badly. The grants, travel, leadership roles for inexperienced graduates and sponsored co-working spaces build a close-knit community.
  • The course will not be taught by students or outside experts. Instead, he said, it “will be a regular Stanford class.”
Javier E

America Fails the Civilization Test - The Atlantic - 0 views

  • The true test of a civilization may be the answer to a basic question: Can it keep its children alive?
  • For most of recorded history, the answer everywhere was plainly no. Roughly half of all people—tens of billions of us—died before finishing puberty until about the 1700s, when breakthroughs in medicine and hygiene led to tremendous advances in longevity. In Central Europe, for example, the mortality rate for children fell from roughly 50 percent in 1750 to 0.3 percent in 2020. You will not find more unambiguous evidence of human progress.
  • ow’s the U.S. doing on the civilization test? When graded on a curve against its peer nations, it is failing. The U.S. mortality rate is much higher, at almost every age, than that of most of Europe, Japan, and Australia.
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  • compared with the citizens of these nations, American infants are less likely to turn 5, American teenagers are less likely to turn 30, and American 30-somethings are less likely to survive to retirement.
  • I called the U.S. the rich death trap of the modern world. The “rich” part is important to observe and hard to overstate. The typical American spends almost 50 percent more each year than the typical Brit, and a trucker in Oklahoma earns more than a doctor in Portugal.
  • A series about big problems and big solutions
  • the typical American is 100 percent more likely to die than the typical Western European at almost every age from birth until retirement.
  • A series about big problems and big solutions
  • magine I offered you a pill and told you that taking this mystery medication would have two effects. First, it would increase your disposable income by almost half. Second, it would double your odds of dying in the next 365 days. To be an average American is to fill a lifetime prescription of that medication and take the pill nightly.
  • 1.8 figure as “the U.S. death ratio”—the annual mortality rate in the U.S., as a multiple of similarly rich countries.
  • By the time an American turns 18, the U.S. death ratio surges to 2.8. By 29, the U.S. death ratio rockets to its peak of 4.22, meaning that the typical American is more than four times more likely to die than the average resident in our basket of high-income nations.
  • The average American my age, in his mid-to-late 30s, is roughly six times more likely to die in the next year than his counterpart in Switzerland.
  • The average U.S. death ratio stays higher than three for practically the entire period between ages 30 and 50, meaning that the typical middle-aged American is roughly three times more likely to die within the year than his counterpart in Western Europe or Australia.
  • One could tell a similar story about drug
  • I expected that these three culprits—guns, drugs, and cars—would explain most of our death ratio
  • Americans drive more than other countries, leading to our higher-than-average death rate from road accidents
  • America suffers not from a monopoly on despair and aggression, but from an oversupply of instruments of death. We have more drug-overdose deaths than any other high-income country because we have so much more fentanyl, even per capita
  • he argued that Americans’ health (and access to health care) seems to be the most important factor. America’s prevalence of cardiovascular and metabolic disease is so high that it accounts for more of our early mortality than guns, drugs, and cars combined.
  • Disentangling America’s health issues is complicated, but I can offer three data points
  • First, American obesity is unusually high, which likely leads to a larger number of early and middle-aged death
  • Second, Americans are unusually sedentary. We take at least 30 percent fewer steps a day than people do in Australia, Switzerland, and Japan
  • Finally, U.S. access to care is unusually unequal—and our health-care outcomes are unusually tied to income.
  • voters and politicians in the U.S. care so much about freedom in that old-fashioned ’Merica-lovin’ kind of way that we’re unwilling to promote public safety if those rules constrict individual choice. That’s how you get a country with infamously laissez-faire firearms laws, more guns than people, lax and poorly enforced driving laws, and a conservative movement that has repeatedly tried to block, overturn, or limit the expansion of universal health insurance on the grounds that it impedes consumer choice.
  • Among the rich, this hyper-individualistic mindset can manifest as a smash-and-grab attitude toward life, with surprising consequences for the less fortunate. For example, childhood obesity is on the rise at the same time that youth-sports participation is in decline among low-income kids
  • What seems to be happening at the national level is that rich families, seeking to burnish their child’s résumé for college, are pulling their kids out of local leagues so that they can participate in prestigious pay-to-play travel teams. At scale, these decisions devastate the local youth-sports leagues for the benefit of increasing by half a percentage point the odds of a wealthy kid getting into an Ivy League school.
  • The problem with the Freedom and Individualism Theory of Everything is that, in many cases, America’s problem isn’t freedom-worship, but actually something quite like its opposite: overregulation
  • In medicine, excessive regulation and risk aversion on the part of the FDA and Institutional Review Boards have very likely slowed the development and adoption of new lifesaving treatments.
  • Are Americans unusually sedentary because they love freedom so very much? It’s possible, I guess. But the more likely explanation is that restrictive housing policies have made it too hard for middle- and low-income families to live near downtown business districts, which forces many of them to drive more than they would like, thus reducing everyday walking and exercise.
  • America is caught in a lurch between oversight and overkill, sometimes promoting individual freedom, with luridly fatal consequences, and sometimes blocking policies and products, with subtly fatal consequences.
Javier E

Opinion | Climate Change Is Real. Markets, Not Governments, Offer the Cure. - The New Y... - 0 views

  • For years, I saw myself not as a global-warming denier (a loaded term with its tendentious echo of Holocaust denial) but rather as an agnostic on the causes of climate change and a scoffer at the idea that it was a catastrophic threat to the future of humanity.
  • It’s not that I was unalterably opposed to the idea that, by pumping carbon dioxide into the atmosphere, modern civilization was contributing to the warming by 1 degree Celsius and the inches of sea-level rise the planet had experienced since the dawn of the industrial age. It’s that the severity of the threat seemed to me wildly exaggerated and that the proposed cures all smacked of old-fashioned statism mixed with new-age religion.
  • Hadn’t we repeatedly lived through previous alarms about other, allegedly imminent, environmental catastrophes that didn’t come to pass, like the belief, widespread in the 1970s, that overpopulation would inevitably lead to mass starvation? And if the Green Revolution had spared us from that Malthusian nightmare, why should we not have confidence that human ingenuity wouldn’t also prevent the parade of horribles that climate change was supposed to bring about?
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  • I had other doubts, too. It seemed hubristic, or worse, to make multitrillion-dollar policy bets based on computer models trying to forecast climate patterns decades into the future. Climate activists kept promoting policies based on technologies that were either far from mature (solar energy) or sometimes actively harmful (biofuels).
  • Expensive efforts to curb greenhouse gas emissions in Europe and North America seemed particularly fruitless when China, India and other developing countries weren’t about to curb their own appetite for fossil fuels
  • just how fast is Greenland’s ice melting right now? Is this an emergency for our time, or is it a problem for the future?
  • His pitch was simple: The coastline we have taken for granted for thousands of years of human history changed rapidly in the past on account of natural forces — and would soon be changing rapidly and disastrously by man-made ones. A trip to Greenland, which holds one-eighth of the world’s ice on land (most of the rest is in Antarctica) would show me just how drastic those changes have been. Would I join him?
  • Greenland is about the size of Alaska and California combined and, except at its coasts, is covered by ice that in places is nearly two miles thick. Even that’s only a fraction of the ice in Antarctica, which is more than six times as large
  • Greenland’s ice also poses a nearer-term risk because it is melting faster. If all its ice were to melt, global sea levels would rise by some 24 feet. That would be more than enough to inundate hundreds of coastal cities in scores of nations, from Jakarta and Bangkok to Copenhagen and Amsterdam to Miami and New Orleans.
  • There was also a millenarian fervor that bothered me about climate activism, with its apocalyptic imagery (the Statue of Liberty underwater) and threats of doom unless we were willing to live far more frugally.
  • “We haven’t had a good positive mass balance year since the late 1990s,” he told me in a follow-on email when I asked him to explain the data for me. The losses can vary sharply by year. The annualized average over the past 30 years, he added, is 170 gigatons per year. That’s the equivalent of about 5,400 tons of ice loss per second. That “suggests that Greenland ice loss has been tracking the I.P.P.C. worse-case, highest-carbon-emission scenario.
  • The data shows unmistakably that Greenland’s ice is not in balance. It is losing far more than it is gaining.
  • scientists have been drilling ice-core samples from Greenland for decades, giving them a very good idea of climatic changes stretching back thousands of years. Better yet, a pair of satellites that detect anomalies in Earth’s gravity fields have been taking measurements of the sheet regularly for nearly 20 years, giving scientists a much more precise idea of what is happening.
  • it’s hard to forecast with any precision what that means. “Anyone who says they know what the sea level is going to be in 2100 is giving you an educated guess,” said NASA’s Willis. “The fact is, we’re seeing these big ice sheets melt for the first time in history, and we don’t really know how fast they can go.”
  • His own educated guess: “By 2100, we are probably looking at more than a foot or two and hopefully less than seven or eight feet. But we are struggling to figure out just how fast the ice sheets can melt. So the upper end of range is still not well known.”
  • On the face of it, that sounds manageable. Even if sea levels rise by eight feet, won’t the world have nearly 80 years to come to grips with the problem, during which technologies that help us mitigate the effects of climate change while adapting to its consequences are likely to make dramatic advances?
  • Won’t the world — including countries that today are poor — become far richer and thus more capable of weathering the floods, surges and superstorms?
  • The average rate at which sea level is rising around the world, he estimates, has more than tripled over the past three decades, to five millimeters a year from 1.5 millimeters. That may still seem minute, yet as the world learned during the pandemic, exponential increases have a way of hitting hard.
  • “When something is on a straight line or a smooth curve, you can plot its trajectory,” Englander said. “But sea level, like earthquakes and mudslides, is something that happens irregularly and can change rather quickly and surprise us. The point is, you can no longer predict the future by the recent past.”
  • In The Wall Street Journal’s editorial pages, where I used to work, the theoretical physicist Steven Koonin, a former under secretary for science in the Obama administration’s Energy Department, cast doubt on the threat from Thwaites in a voice that could have once been mine. He also thinks the risks associated with Greenland’s melting are less a product of human-induced global warming than of natural cycles in North Atlantic currents and temperatures, which over time have a way of regressing to the mean.
  • Even the poorest countries, while still unacceptably vulnerable, are suffering far fewer human and economic losses to climate-related disasters.
  • Another climate nonalarmist is Roger Pielke Jr., a professor of environmental studies at the University of Colorado Boulder. I call Pielke a nonalarmist rather than a skeptic because he readily acknowledges that the challenges associated with climate change, including sea-level rise, are real, serious and probably unstoppable, at least for many decades.
  • “If we have to have a problem,” he told me when I reached him by phone, “we probably want one with a slow onset that we can see coming. It’s not like an asteroid coming from space.”
  • “Since the 1940s, the impact of floods as a proportion of U.S. gross domestic product has dropped by 70 percent-plus,” Pielke said. “We see this around the world, across phenomena. The story is that fewer people are dying and we are having less damage proportional to G.D.P.”
  • “Much climate reporting today highlights short-term changes when they fit the narrative of a broken climate but then ignores or plays down changes when they don’t, often dismissing them as ‘just weather,’” he wrote in February.
  • Global warming is real and getting worse, Pielke said, yet still it’s possible that humanity will be able to adapt to, and compensate for, its effects.
  • A few years ago, I would have found voices like Koonin’s and Pielke’s persuasive. Now I’m less sure. What intervened was a pandemic.
  • That’s what I thought until the spring of 2020, when, along with everyone else, I experienced how swiftly and implacably nature can overwhelm even the richest and most technologically advanced societies. It was a lesson in the sort of intellectual humility I recommended for others
  • It was also a lesson in thinking about risk, especially those in the category known as high-impact, low-probability events that seem to be hitting us with such regularity in this century: the attacks of Sept. 11, 2001; the tsunamis of 2004 and 2011, the mass upheavals in the Arab world
  • What if the past does nothing to predict the future? What if climate risks do not evolve gradually and relatively predictably but instead suddenly soar uncontrollably? How much lead time is required to deal with something like sea-level rise? How do we weigh the risks of underreacting to climate change against the risks of overreacting to it?
  • I called Seth Klarman, one of the world’s most successful hedge-fund managers, to think through questions of risk. While he’s not an expert on climate change, he has spent decades thinking deeply about every manner of risk
  • And we will almost certainly have to do it from sources other than Russia, China, the Democratic Republic of Congo and other places that pose unacceptable strategic, environmental or humanitarian risks
  • “If you face something that is potentially existential,” he explained, “existential for nations, even for life as we know it, even if you thought the risk is, say, 5 percent, you’d want to hedge against it.”
  • “One thing we try to do,” he said, “is we buy protection when it’s really inexpensive, even when we think we may well not need it.” The forces contributing to climate change, he noted, echoing Englander, “might be irreversible sooner than the damage from climate change has become fully apparent. You can’t say it’s far off and wait when, if you had acted sooner, you might have dealt with it better and at less cost. We have to act now.”
  • In other words, an ounce of prevention is worth a pound of cure. That’s particularly true if climate change is akin to cancer — manageable or curable in its earlier stages, disastrous in its later ones.
  • As I’ve always believed, knowing there is grave risk to future generations — and expecting current ones to make immediate sacrifices for it — defies most of what we know about human nature. So I began to think more deeply about that challenge, and others.
  • For the world to achieve the net-zero goal for carbon dioxide emissions by 2050, according to the International Energy Agency, we will have to mine, by 2040, six times the current amounts of critical minerals — nickel, cobalt, copper, lithium, manganese, graphite, chromium, rare earths and other minerals and elements — needed for electric vehicles, wind turbines and solar panels.
  • The poster child for this kind of magical thinking is Germany, which undertook a historic Energiewende — “energy revolution” — only to come up short. At the turn of the century, Germany got about 85 percent of its primary energy from fossil fuels. Now it gets about 78 percent, a puny reduction, considering that the country has spent massive sums on renewables to increase the share of electricity it generates from them.
  • As in everything else in life, so too with the environment: There is no such thing as a free lunch. Whether it’s nuclear, biofuels, natural gas, hydroelectric or, yes, wind and solar, there will always be serious environmental downsides to any form of energy when used on a massive scale. A single industrial-size wind turbine, for instance, typically requires about a ton of rare earth metals as well as three metric tons of copper, which is notoriously destructive and dirty to mine.
  • no “clean energy” solution will easily liberate us from our overwhelming and, for now, inescapable dependence on fossil fuels.
  • Nobody brings the point home better than Vaclav Smil, the Canadian polymath whose most recent book, “How the World Really Works,” should be required reading for policymakers and anyone else interested in a serious discussion about potential climate solutions.
  • “I’ve talked to so many experts and seen so much evidence,” he told me over Zoom, “I’m convinced the climate is changing, and addressing climate change has become a philanthropic priority of mine.”
  • Things could turn a corner once scientists finally figure out a technical solution to the energy storage problem. Or when governments and local actors get over their NIMBYism when it comes to permitting and building a large energy grid to move electricity from Germany’s windy north to its energy-hungry south. Or when thoughtful environmental activists finally come to grips with the necessity of nuclear energy
  • Till then, even as I’ve come to accept the danger we face, I think it’s worth extending the cancer metaphor a little further: Just as cancer treatments, when they work at all, can have terrible side effects, much the same can be said of climate treatments: The gap between an accurate diagnosis and effective treatment remains dismayingly wide
  • Only when countries like Vietnam and China turned to a different model, of largely bottom-up, market-driven development, did hundreds of millions of people get lifted out of destitution.
  • the most important transformation has come in agriculture, which uses about 70 percent of the world’s freshwater supply.
  • Farmers gradually adopted sprinkler and drip irrigation systems, rather than more wasteful flood irrigation, not to conserve water but because the technology provided higher crop yields and larger profit margins.
  • Water shortages “will spur a revolutionary, aggressive approach to getting rid of flood irrigation,” said Seth Siegel, the chief sustainability officer of the Israeli AgTech company N-Drip. “Most of this innovation will be driven by free-market capitalism, with important incentives from government and NGOs.
  • meaningful environmental progress has been made through market forces. In this century, America’s carbon dioxide emissions across fuel types have fallen to well below 5,000 million metric tons per year, from a peak of about 6,000 million in 2007, even as our inflation-adjusted G.D.P. has grown by over 50 percent and total population by about 17 percent.
  • 1) Engagement with critics is vital. Insults and stridency are never good tools of persuasion, and trying to cow or censor climate skeptics into silence rarely works
  • the biggest single driver in emissions reductions from 2005 to 2017 was the switch from coal to natural gas for power generation, since gas produces roughly half the carbon dioxide as coal. This, in turn, was the result of a fracking revolution in the past decade, fiercely resisted by many environmental activists, that made the United States the world’s largest gas producer.
  • In the long run, we are likelier to make progress when we adopt partial solutions that work with the grain of human nature, not big ones that work against it
  • Renewables, particularly wind power, played a role. So did efficiency mandates.
  • The problem with our civilization isn’t overconfidence. It’s polarization, paralysis and a profound lack of trust in all institutions, including the scientific one
  • Devising effective climate policies begins with recognizing the reality of the social and political landscape in which all policy operates. Some thoughts on how we might do better:
  • They may not be directly related to climate change but can nonetheless have a positive impact on it. And they probably won’t come in the form of One Big Idea but in thousands of little ones whose cumulative impacts add up.
  • 2) Separate facts from predictions and predictions from policy. Global warming is a fact. So is the human contribution to it. So are observed increases in temperature and sea levels. So are continued increases if we continue to do more of the same. But the rate of those increases is difficult to predict even with the most sophisticated computer modeling
  • 3) Don’t allow climate to become a mainly left-of-center concern. One reason the topic of climate has become so anathema to many conservatives is that so many of the proposed solutions have the flavor, and often the price tag, of old-fashioned statism
  • 4) Be honest about the nature of the challenge. Talk of an imminent climate catastrophe is probably misleading, at least in the way most people understand “imminent.”
  • A more accurate description of the challenge might be a “potentially imminent tipping point,” meaning the worst consequences of climate change can still be far off but our ability to reverse them is drawing near. Again, the metaphor of cancer — never safe to ignore and always better to deal with at Stage 2 than at Stage 4 — can be helpful.
  • 5) Be humble about the nature of the solutions. The larger the political and financial investment in a “big fix” response to climate change on the scale of the Energiewende, the greater the loss in time, capital and (crucially) public trust when it doesn’t work as planned
  • 6) Begin solving problems our great-grandchildren will face. Start with sea-level rise
  • We can also stop providing incentives for building in flood-prone areas by raising the price of federal flood insurance to reflect the increased risk more accurately.
  • 7) Stop viewing economic growth as a problem. Industrialization may be the leading cause of climate change. But we cannot and will not reverse it through some form of deindustrialization, which would send the world into poverty and deprivation
  • 8) Get serious about the environmental trade-offs that come with clean energy. You cannot support wind farms but hinder the transmission lines needed to bring their power to the markets where they are needed.
  • 9) A problem for the future is, by its very nature, a moral one. A conservative movement that claims to care about what we owe the future has the twin responsibility of setting an example for its children and at the same time preparing for that future.
Javier E

Only the Global-Health Emergency Has Ended - The Atlantic - 0 views

  • ending the emergency doesn’t mean that the world has fully addressed the problems that made this an emergency. Global vaccine distribution remains wildly inequitable, leaving many people susceptible to the virus’s worst effects; deaths are still concentrated among those most vulnerable; the virus’s evolutionary and transmission patterns are far from predictable or seasonal
  • Instead, efforts to mitigate the virus have only gotten laxer. Most individuals are no longer masking, testing, or staying up to date on their shots; on community scales, the public goods that once seemed essential—ventilation, sick leave, equitable access to insurance and health care—have already faded from most discours
  • Both a PHEIC and a pandemic tend to involve the rapid and international spread of a dangerous disease, and the two typically do go hand in hand. But no set-in-stone rules delineate when either starts or ends.
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  • Those criteria aren’t perfect. Given how the virus has evolved, even, say, an 85 percent vaccination rate probably wouldn’t have squelched the virus in a way public-health experts were envisioning in 2021 (and wouldn’t have absolved us of booster maintenance). And even if the death toll slipped below 100 deaths a day, the virus’s chronic effects would still pose an immense threat
  • “I’m not sure we ever set any goals at all” to designate when we’d have the virus beat, Céline Gounder, an infectious-disease physician at NYU and an editor-at-large for public health at Kaiser Family Foundation Health News, told me. And if they had been, we probably still would not have met them: Two years out, we certainly have not.
  • Now, ending the emergency is less an epidemiological decision than a political one: Our tolerance for these dangers has grown to the extent that most people are doing their best to look away from the remaining risk, and will continue to until the virus forces us to turn back.
  • Should another SARS-CoV-2 variant sweep the world or develop resistance to Paxlovid, “we don’t have much in the way of a plan,” he said.
  • If and when the virus troubles us again, our lack of preparedness will be a reflection of America’s classically reactive approach to public health. Even amid a years-long emergency declaration that spanned national and international scales, we squandered the opportunity “to make the system more resilient to the next crisis,”
  • individuals are still largely being asked to fend for themselves—which means that as this emergency declaration ends, we are setting ourselves up for another to inevitably come, and hit us just as hard.
  • “Public interest is very binary—it’s either an emergency or it’s not,” says Saskia Popescu, an infection-prevention expert at George Mason University. With the PHEIC now gone, the world has officially toggled itself to “not.”
Javier E

Where We Went Wrong | Harvard Magazine - 0 views

  • John Kenneth Galbraith assessed the trajectory of America’s increasingly “affluent society.” His outlook was not a happy one. The nation’s increasingly evident material prosperity was not making its citizens any more satisfied. Nor, at least in its existing form, was it likely to do so
  • One reason, Galbraith argued, was the glaring imbalance between the opulence in consumption of private goods and the poverty, often squalor, of public services like schools and parks
  • nother was that even the bountifully supplied private goods often satisfied no genuine need, or even desire; a vast advertising apparatus generated artificial demand for them, and satisfying this demand failed to provide meaningful or lasting satisfaction.
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  • economist J. Bradford DeLong ’82, Ph.D. ’87, looking back on the twentieth century two decades after its end, comes to a similar conclusion but on different grounds.
  • DeLong, professor of economics at Berkeley, looks to matters of “contingency” and “choice”: at key junctures the economy suffered “bad luck,” and the actions taken by the responsible policymakers were “incompetent.”
  • these were “the most consequential years of all humanity’s centuries.” The changes they saw, while in the first instance economic, also “shaped and transformed nearly everything sociological, political, and cultural.”
  • DeLong’s look back over the twentieth century energetically encompasses political and social trends as well; nor is his scope limited to the United States. The result is a work of strikingly expansive breadth and scope
  • labeling the book an economic history fails to convey its sweeping frame.
  • The century that is DeLong’s focus is what he calls the “long twentieth century,” running from just after the Civil War to the end of the 2000s when a series of events, including the biggest financial crisis since the 1930s followed by likewise the most severe business downturn, finally rendered the advanced Western economies “unable to resume economic growth at anything near the average pace that had been the rule since 1870.
  • d behind those missteps in policy stood not just failures of economic thinking but a voting public that reacted perversely, even if understandably, to the frustrations poor economic outcomes had brought them.
  • Within this 140-year span, DeLong identifies two eras of “El Dorado” economic growth, each facilitated by expanding globalization, and each driven by rapid advances in technology and changes in business organization for applying technology to economic ends
  • from 1870 to World War I, and again from World War II to 197
  • fellow economist Robert J. Gordon ’62, who in his monumental treatise on The Rise and Fall of American Economic Growth (reviewed in “How America Grew,” May-June 2016, page 68) hailed 1870-1970 as a “special century” in this regard (interrupted midway by the disaster of the 1930s).
  • Gordon highlighted the role of a cluster of once-for-all-time technological advances—the steam engine, railroads, electrification, the internal combustion engine, radio and television, powered flight
  • Pessimistic that future technological advances (most obviously, the computer and electronics revolutions) will generate productivity gains to match those of the special century, Gordon therefore saw little prospect of a return to the rapid growth of those halcyon days.
  • DeLong instead points to a series of noneconomic (and non-technological) events that slowed growth, followed by a perverse turn in economic policy triggered in part by public frustration: In 1973 the OPEC cartel tripled the price of oil, and then quadrupled it yet again six years later.
  • For all too many Americans (and citizens of other countries too), the combination of high inflation and sluggish growth meant that “social democracy was no longer delivering the rapid progress toward utopia that it had delivered in the first post-World War II generation.”
  • Frustration over these and other ills in turn spawned what DeLong calls the “neoliberal turn” in public attitudes and economic policy. The new economic policies introduced under this rubric “did not end the slowdown in productivity growth but reinforced it.
  • the tax and regulatory changes enacted in this new climate channeled most of what economic gains there were to people already at the top of the income scale
  • Meanwhile, progressive “inclusion” of women and African Americans in the economy (and in American society more broadly) meant that middle- and lower-income white men saw even smaller gains—and, perversely, reacted by providing still greater support for policies like tax cuts for those with far higher incomes than their own.
  • Daniel Bell’s argument in his 1976 classic The Cultural Contradictions of Capitalism. Bell famously suggested that the very success of a capitalist economy would eventually undermine a society’s commitment to the values and institutions that made capitalism possible in the first plac
  • In DeLong’s view, the “greatest cause” of the neoliberal turn was “the extraordinary pace of rising prosperity during the Thirty Glorious Years, which raised the bar that a political-economic order had to surpass in order to generate broad acceptance.” At the same time, “the fading memory of the Great Depression led to the fading of the belief, or rather recognition, by the middle class that they, as well as the working class, needed social insurance.”
  • what the economy delivered to “hard-working white men” no longer matched what they saw as their just deserts: in their eyes, “the rich got richer, the unworthy and minority poor got handouts.”
  • As Bell would have put it, the politics of entitlement, bred by years of economic success that so many people had come to take for granted, squeezed out the politics of opportunity and ambition, giving rise to the politics of resentment.
  • The new era therefore became “a time to question the bourgeois virtues of hard, regular work and thrift in pursuit of material abundance.”
  • DeLong’s unspoken agenda would surely include rolling back many of the changes made in the U.S. tax code over the past half-century, as well as reinvigorating antitrust policy to blunt the dominance, and therefore outsize profits, of the mega-firms that now tower over key sectors of the economy
  • He would also surely reverse the recent trend moving away from free trade. Central bankers should certainly behave like Paul Volcker (appointed by President Carter), whose decisive action finally broke the 1970s inflation even at considerable economic cost
  • Not only Galbraith’s main themes but many of his more specific observations as well seem as pertinent, and important, today as they did then.
  • What will future readers of Slouching Towards Utopia conclude?
  • If anything, DeLong’s narratives will become more valuable as those events fade into the past. Alas, his description of fascism as having at its center “a contempt for limits, especially those implied by reason-based arguments; a belief that reality could be altered by the will; and an exaltation of the violent assertion of that will as the ultimate argument” will likely strike a nerve with many Americans not just today but in years to come.
  • what about DeLong’s core explanation of what went wrong in the latter third of his, and our, “long century”? I predict that it too will still look right, and important.
Javier E

Opinion | The Secret of America's Economic Success - The New York Times - 0 views

  • there was widespread concern that the pandemic would leave lasting economic scars. After all, the 2008 financial crisis was followed by a weak recovery that left real gross domestic product in many countries far below the pre-crisis trend even a decade later. Indeed, as we approach Covid’s four-year mark, many of the world’s economies remain well short of full recovery.
  • But not the United States. Not only have we had the strongest recovery in the advanced world, but the International Monetary Fund’s latest World Economic Outlook also points out that American growth since 2019 has actually exceeded pre-Covid projections.
  • let’s take a moment to celebrate this good economic news — and try to figure out what went right with the U.S. economy.
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  • Part of the answer, to be fair, is luck. Russia’s invasion of Ukraine caused a major energy shock in Europe, which had come to rely on imports of Russian natural gas. America, which exports gas, was much less affected.
  • What about inflation? When you use comparable measures, America also has the lowest inflation rate among major economies.
  • It’s true that one recent poll found that a majority of Americans and 60 percent of Republicans say that unemployment is near a 50-year high. But it’s actually near its lowest level since the 1960s.
  • A second, probably more important factor was that the United States pursued aggressively expansionary fiscal policy
  • Many economists were extremely critical, warning that this spending would fuel inflation, which it probably did for a while. But inflation has subsided, while “Big Fiscal” helped the economy get to full employment — arguably the first time we’ve had truly full employment in decades.
  • A strong job market may in turn have had major long-term benefits, by drawing previously marginalized Americans into the work force.
  • the percentage of U.S. adults in their prime working years participating in the labor force is now at its highest level in 20 years. One number I find especially striking is labor force participation by Americans with a disability, which has soared.
  • One last thing: When Covid struck, all advanced countries took strong measures to limit economic hardship, but they took different approaches. European governments generally paid employers to keep workers on their payrolls, even if they were temporarily idle. America, for the most part, let layoffs happen but protected workers with expanded unemployment benefits.
  • There was a case for each approach. Europe’s approach helped keep workers connected to their old jobs; the U.S. approach created more flexibility, making it easier for workers to move to different jobs if the post-Covid economy turned out to look quite different from the economy before the pandemic.
  • is clear: We have been remarkably successful, even if nobody will believe it.
Javier E

Opinion | The Reactionary Futurism of Marc Andreessen - The New York Times - 0 views

  • “I consider Mark and Elon to be role models to children in their embrace of fighting,” Andreessen writes.
  • Modern American society, at least in the big cities, is turning on law enforcement and tolerating crime, so you need combat skills to protect your loved ones. We are also fat and depressed, and learning to fight might help on both counts. In conclusion, “if it was good enough for Heracles and Theseus, it’s good enough for us.”
  • what caught my eye was the veneration of the virile aggression of the Greeks, the call to rediscover the ways of the ancients. A list of things that were good enough for the Greeks but not good enough for us would run long: Slavery, pederasty and bloodletting come to mind
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  • This is what connects figures as disparate as Jordan Peterson and J.D. Vance and Peter Thiel and Donald Trump. These are the ideas that unite both the mainstream and the weirder figures of the so-called postliberal right, from Patrick Deneen to the writer Bronze Age Pervert.
  • I think the Republican Party’s collapse into incoherence reflects the fact that much of the modern right is reactionary, not conservative
  • As Paul Valéry, the French poet, once said, “Ancient Greece is the most beautiful invention of the modern age.” To treat Andreessen’s essay as an argument misses the point. It’s a vibe. And the vibe is reactionary.
  • It’s a coalition obsessed with where we went wrong: the weakness, the political correctness, the liberalism, the trigger warnings, the smug elites. It’s a coalition that believes we were once hard and have become soft; worse, we have come to lionize softness and punish hardness.
  • The story of the reactionary follows a template across time and place. It “begins with a happy, well-ordered state where people who know their place live in harmony and submit to tradition and their God,” Mark Lilla writes in his 2016 book, “The Shipwrecked Mind: On Political Reaction.”
  • He continues:Then alien ideas promoted by intellectuals — writers, journalists, professors — challenge this harmony, and the will to maintain order weakens at the top. (The betrayal of elites is the linchpin of every reactionary story.) A false consciousness soon descends on the society as a whole as it willingly, even joyfully, heads for destruction. Only those who have preserved memories of the old ways see what is happening. Whether the society reverses direction or rushes to its doom depends entirely on their resistance.
  • The Silicon Valley cohort Andreessen belongs to has added a bit to this formula. In their story, the old way that is being lost is the appetite for risk and inequality and dominance that drives technology forward and betters human life. What the muscled ancients knew and what today’s flabby whingers have forgotten is that man must cultivate the strength and will to master nature, and other men, for the technological frontier to give way
  • Now Andreessen has distilled the whole ideology to a procession of stark bullet points in his latest missive, the buzzy, bizarre “Techno-Optimist Manifesto.”
  • it’s the pairing of the reactionary’s sodden take on modern society with the futurist’s starry imagining of the bright tomorrow. So call it what it is: reactionary futurism
  • Andreessen’s argument is simple: Technology is good. Very good. Those who stand in its way are bad.
  • “The Enemy.” The list is long, ranging from “anti-greatness” to “statism” to “corruption” to “the ivory tower” to “cartels” to “bureaucracy” to “socialism” to “abstract theories” to anyone “disconnected from the real world … playing God with everyone else’s lives”
  • So who is it, exactly, who extinguishes the dancing star within the human soul?
  • Our present society has been subjected to a mass demoralization campaign for six decades — against technology and against life — under varying names like “existential risk,” “sustainability,” “E.S.G.,” “sustainable development goals,” “social responsibility,” “stakeholder capitalism,” “precautionary principle,” “trust and safety,” “tech ethics,” “risk management,” “degrowth,” “the limits of growth.”
  • The enemy, in other words, is anything or anyone who might seek to yoke technology to social goals or structures
  • For years, I’ve been arguing for politics to take technology more seriously, to see new inventions as no less necessary than social insurance and tax policy in bringing about a worthier world. Too often, we debate only how to divvy up what we already have. We have lost the habit of imagining what we could have; we are too timid in deploying the coordinated genius and muscle of society
  • I’ve been digging into the history of where and when we lost faith in technology and, more broadly, growth. At the core of that story is an inability to manage, admit or even see when technologies or policies go awry
  • The turn toward a less-is-more politics came in the 1970s, when the consequences of reckless growth became unignorable
  • Did we, in some cases, overcorrect? Absolutely. But the only reason we can even debate whether we overcorrected is because we corrected: The Clean Air Act and the Clean Water Act and a slew of other bills and regulations did exactly what they promised.
  • It is telling that Andreessen groups sustainability and degrowth into the same bucket of antagonists
  • Degrowth is largely, though not wholly, skeptical of technological solutions to our problems
  • But the politics of sustainability — as evidenced in legislation like the Inflation Reduction Act — have settled into another place entirely: a commitment to solving our hardest environmental problems by driving technology forward, by investing and deploying clean energy infrastructure at a scale unlike anything the government has done since the 1950s.
  • Andreessen focuses at some length on the nuclear future he believes we’ve been denied —
  • but curiously ignores the stunning advances in solar and wind and battery power that public policy has delivered.
  • He yearns for a kind of person, not just a kind of technology. “We believe in ambition, aggression, persistence, relentlessness — strength,” he writes, italics included. “We believe in merit and achievement. We believe in bravery, in courage.”
  • There are ways in which these virtues have become undervalued, in which the left, in particular, has a dysfunctional relationship with individual achievement and entrepreneurial élan.
  • Andreessen’s ideas trace an odd, meme-based philosophy that has flourished in some corners of the internet known as effective accelerationism
  • “Effective accelerationism aims to follow the ‘will of the universe’: leaning into the thermodynamic bias towards futures with greater and smarter civilizations that are more effective at finding/extracting free energy from the universe,”
  • “E/acc has no particular allegiance to the biological substrate for intelligence and life, in contrast to transhumanism.” OK!
  • Take Andreessen’s naming of trust and safety teams as among his enemies.
  • That, in a way, is my core disagreement with Andreessen. Reactionary futurism is accelerationist in affect but deccelerationist in practice
  • How has that worked out? A new analysis by Similarweb found that traffic to twitter.com fell in the United States by 19 percent from September 2022 to September 2023 and traffic on mobile devices fell by almost 18 percent. Indications are that advertising revenue on the platform is collapsing.
  • Andreessen spends much of his manifesto venerating the version of markets that you hear in the first few weeks of Econ 101, before the professor begins complicating the picture with all those annoying market failures
  • Throughout his essay, Andreessen is at pains to attack those who might slow the development of artificial intelligence in the name of safety, but nothing would do more to freeze progress in A.I. than a disaster caused by its reckless deployment
  • It is hard to read Andreessen’s manifesto, with its chopped-up paragraphs and its blunt jabs of thought delivered for maximum engagement and polarization, and not feel that Andreessen now reflects the medium in which he has made his home: X. He doesn’t just write in the way the medium rewards. He increasingly seems to think in its house style, too.
  • One reason I left Twitter long ago is that I noticed that it was a kind of machine for destroying trust. It binds you to the like-minded but cuts you from those with whom you have even modest disagreements
  • There is a reason that Twitter’s rise was conducive to politics of revolution and reaction rather than of liberalism and conservatism. If you are there too often, seeing the side of humanity it serves up, it is easy to come to think that everything must be burned down.
  • Musk purchased Twitter (in an acquisition that Andreessen Horowitz helped finance) and gutted its trust and safety teams. The result has been a profusion of chaos, disinformation and division on his platform
  • Treating so much of society with such withering contempt will not speed up a better future. It will turn people against the politics and policies of growth, just as it did before. Trust is the most essential technology of all.
Javier E

Migrant Workers Propelled China's Rise. Now Many See Few Options. - The New York Times - 0 views

  • Now that times are tough and jobs harder to find, China’s roughly 300 million migrant workers, with flimsy social benefits, have little to fall back on. They don’t enjoy the same health insurance, unemployment and retirement benefits as city-born people, as threadbare as their safety net is. Once migrant workers pass their prime working age, they are expected to go back to their home villages so they won’t become burdens to the cities.
  • Xi Jinping, China’s top leader, conceded in a speech in 2020, “When the economy experiences fluctuations, the first group to be affected are the migrant workers.”
  • He said more than 20 million migrant workers, unable to find work, had returned to their villages during the 2008 financial crisis. In 2020, he said, nearly 30 million migrant workers had to stay home, and out of the reach of jobs, because of the pandemic.
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  • The national unemployment rate, as calculated by the National Bureau of Statistics, accounts only for urban unemployment, which stands at just above 5 percent and is believed to be underestimated. The average monthly income of migrant workers was $630 in 2022, or less than half the income of those working for the government. And that data is flawed because it includes only months when a worker has a job.
  • Mr. Xi said in his speech that the mass return of migrant workers in 2008 and 2020 had not caused any social problems because they “have land and houses back in their home villages so they can return to cultivate the land, have food to eat, and work on something.”
  • But the prospect of moving back to the villages is often bleak and even scary, especially for younger migrant workers who have spent their adult lives in the cities. They can see what awaits them. Their parents and grandparents may need to work until they physically cannot anymore and hesitate to seek medical care. They usually do not have unemployment benefits, and they cannot rely on their families, as some urban youths do, because their parents’ and grandparents’ pensions are “only enough to buy salt,
  • The other reality facing migrant workers is that returning to their villages to earn money farming is not an option, as Mr. Xi said it was. There is not enough land waiting for them
  • “For Chinese, especially in the countryside, there’s no such thing called retirement,” he said. His grandfather is 90 and cleans pig manure for a farm every day in the central province of Henan.
  • The morning we spoke he had just gotten off a shift that started at 7:30 p.m. and ended at 7 a.m. He had worked for two weeks without a day off because of the demand for Apple’s newest iPhone.
  • He feels he cannot go home to his village and do nothing while his parents and grandfather are still working. “It’s just not appropriate,”
  • “My ideal country is one where the people live in peace and prosperity, where there is food safety, freedom of speech, justice, a media that can expose injustices, a five-day, eight-hour workweek for workers,” said Mr. Zhang, the unemployed welder. “If these can be achieved, I will support whoever is in power, regardless of their party or how long they govern.”
  • Mr. Ge left his village at age 17 and started working on construction sites and in factories. He had benefits during the six years he worked at Foxconn, a contract manufacturer for Apple. But when he was out of work this year, he could not get any unemployment benefits, which is not uncommon as local governments are deeply in debt. Now 34, he still works 10-hour shifts at another Apple contract manufacturer and lives in a dormitory.
  • “Only people who couldn’t find jobs would do farming,” said Guan, a migrant worker in the northwestern province of Gansu, “because income from farming is too low.”
  • “To be honest, deep down I feel lost,” he said. “All I can say is that for the time being, I’ll save as much money as possible. As for what the future holds, it’s really hard to say. I might not even live to see that age.”
Javier E

Climate financial crisis: Can we contain it? - DW - 12/11/2023 - 0 views

  • stranded assets. That's how business people refer to these vast, idling industrial infrastructures. It's abandoned property that will have to be written off in a company's balance sheets before the end of its planned lifetime.
  • Germany has been twisting and turning over its phaseout of coal and lignite power plants over the past five years. Originally, it planned to stop using coal in its energy mix in 2038. Then the current government accelerated that goal by eight years to 2030. Recently, some politicians have called that decision into question.
  • The earlier phaseout plan could lose operating companies €11.6 billion ($12.5 billion), according to a 2022 study by Dresden University.
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  • That's unrealized profits for companies that invested in the energy infrastructure, betting on a longer life span, plus potential lost income for investors who bought stock in the utility companies. 
  • Globally, up to 50% of the currently used and planned fossil fuel-dependent power plants would have to be phased out earlier than their planned lifetime to limit climate change to below 2 degrees warming. Taking only coal into account, this represents assets worth between $150 billion and $1.4 trillion.
  • Making exact assessments of the size of the problem is difficult because it remains unclear which path policymakers will take. And what should be included in estimates — the value of minerals left in the ground? Unrealized company profits? Or even combustion engines that will no longer be of use? 
  • "The point is not whether there is a financial bubble, but whether it will burst or not. And what kind of actions governments and financial supervisors will take, and central banks also, will make it burst or not.
  • A case in point are the money managers set up to handle retirement for billions of people globally: Pension funds are tasked to hold their clients' money and turn a profit from the investments. That means investing the proceeds into stocks on the market.  But with large chunks of the market tied to the fossil fuel industry, a lot of the money is invested in coal, oil and gas. And this money could lose value under ambitious climate policies.
  • "A pension fund in Europe could be exposed as much as 48% to companies that could be at risk of stranded assets," said Irene Monasterolo. The professor of climate finance at Utrecht University is part of a large and growing group of academics and experts drawing out the risks to the wider financial system posed by these carbon assets
  • Mark Carney, the former Bank of England governor, is largely credited with kicking off a public debate on the financial stability concerns due to climate change. Speaking in front of London's insurance executives in 2015, he called for more transparency on climate risks — information that should then feed back into climate policies in reference to risks in financial markets.
  • Thus far, these risks haven't been resolved. Speaking with DW, Monasterolo warned that the amount and intricate interconnectedness of carbon assets could lead to a disastrous outcome.
  • "The problem with fossil fuel is that it's worth between $16 trillion to $300 trillion, depending on how you calculate. So it's massive," said Joyeeta Gupta, an economics professor at the University of Amsterdam. But this industry is also the base for a huge pile of financial wealth. 
  • Regulators seem to have caught up with the warning calls. In late November, the European Central Bank threatened to fine about 20 European banks for mishandling climate risks, Bloomberg reported. But returns on investment could stack pensioners against tough climate action.
  • Most large central banks globally now require their banks to stress test their business models for climate scenarios. But what is essentially at odds, said Monasterolo, is the "long-term dimension of climate change versus the short-term decision-making in policy and in finance."
  • The long period of transition in Germany's west turned polluting smokestacks into tourist attractions. The former mine in Essen was turned into a museum and event location — a new asset for the region, and a change that put the public good over short-term profits. 
Javier E

Opinion | Gun Safety Must Be Everything That Republicans Fear - The New York Times - 0 views

  • I find that the gun safety debate lacks candor.
  • People believe it is savvier to tell only part of the truth, to soft-pedal the sell in an effort to get something — anything — done.
  • The truth that no one wants to tell — the one that opponents of gun safety laws understand and the reason so many of them resist new laws — is that no one law or single package of laws will be enough to solve America’s gun violence problem.
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  • The solution will have to be a nonstop parade of laws, with new ones passed as they are deemed necessary, ad infinitum. In the same way that Republicans have been promoting gun proliferation and loosening gun laws for decades, gun safety advocates will have to do the opposite, also for decades.
  • Individual laws, like federal universal background checks and bans on assault rifles and high-capacity magazines, will most likely make a dent, but they cannot end gun violence. Invariably, more mass shootings will occur that none of those laws would have prevented.
  • Opponents of gun safety will inevitably use those shootings to argue that the liberal efforts to prevent gun violence were ineffective. You can hear it now: “They told us that all we needed to do was to pass these laws and the massacres would stop. They haven’t.”
  • It makes people fearful and convinces them that guns provide security. More guns equate to even more security. But in fact, the escalation of gun ownership makes society less safe.
  • But I am on the same page as they are on one point. They see the passage of gun safety laws as a slippery slope that could lead to more sweeping laws and even, one day, national gun registries, insurance requirements and bans. I see the same and I actively hope for it.
  • When I hear Democratic politicians contorting their statements so it sounds like they’re promoting gun ownership while also promoting gun safety, I’m not only mystified, I’m miffed.
  • Why can’t everyone just be upfront? We have too many guns. We need to begin to get some of them out of circulation. That may include gun buybacks, but it must include no longer selling weapons of war to civilians.
  • Gun culture is a canard and a corruption.
  • I understand that Republicans are the opposition, that they have come to accept staggering levels of death as the price they must pay to advance their political agenda on everything from Covid to guns.
  • In our gun culture, 99 percent of gun owners can be responsible and law abiding, but if even 1 percent of a society with more guns than people is not, it is enough to wreak absolute havoc. When guns are easy for good people to get, they are also easy for bad people to get.
  • We have to stop all the lies. We have to stop the lie that fewer gun restrictions make us safer.
  • And we have to stop the lie that gun safety can be accomplished by one law or a few of them rather than an evolving slate of them.
Javier E

Opinion | When 'Freedom' Means the Right to Destroy - The New York Times - 0 views

  • startling, although not actually surprising, has been the embrace of economic vandalism and intimidation by much of the U.S. right — especially by people who ranted against demonstrations in favor of racial justice. What we’re getting here is an object lesson in what some people really mean when they talk about “law and order.”
  • The “Freedom Convoy” has been marketed as a backlash by truckers angry about Covid-19 vaccination mandates
  • In reality, there don’t seem to have been many truckers among the protesters at the bridge (about 90 percent of Canadian truckers are vaccinated)
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  • a Bloomberg reporter saw only three semis among the vehicles blocking the Ambassador Bridge, which were mainly pickup trucks and private cars; photos taken Saturday also show very few commercial trucks.
  • this isn’t a grass-roots trucker uprising. It’s more like a slow-motion Jan. 6, a disruption caused by a relatively small number of activists, many of them right-wing extremists
  • At their peak, the demonstrations in Ottawa reportedly involved only around 8,000 people, while numbers at other locations have been much smaller.
  • it’s not hard to come up with numbers like $300 million or more per day; combine that with the disruption of Ottawa, and the “trucker” protests may already have inflicted a couple of billion dollars in economic damage
  • it’s roughly comparable to insurance industry estimates of total losses associated with the Black Lives Matter protests that followed the killing of George Floyd — protests that seem to have involved more than 15 million people.
  • In fact, the demonstrations were remarkably nonviolent; vandalism happened in a few cases, but it was relatively rare, and the damage was small considering the huge size of the protests.
  • By contrast, causing economic damage was and is what the Canadian protests are all about — because blocking essential flows of goods, threatening people’s livelihoods, is every bit as destructive as smashing a store window.
  • And to what end? The B.L.M. demonstrations were a reaction to police killings of innocent people; what’s going on in Canada is, on its face, about rejecting public health measures intended to save lives.
  • even that is mainly an excuse: What it’s really about is an attempt to exploit pandemic weariness to boost the usual culture-war agenda.
  • the U.S. right is loving it. People who portrayed peaceful protests against police killings as an existential threat are delighted by the spectacle of right-wing activists breaking the law and destroying wealth
  • Recent events have confirmed what many suspected: The right is perfectly fine, indeed enthusiastic, about illegal actions and disorder as long as they serve right-wing ends.
criscimagnael

Gov. Abbott Pushes to Investigate Treatments for Trans Youth as 'Child Abuse' - The New... - 0 views

  • Gov. Greg Abbott told state health agencies in Texas on Tuesday that medical treatments provided to transgender adolescents, widely considered to be the standard of care in medicine, should be classified as “child abuse” under existing state law.
  • “all licensed professionals who have direct contact with children who may be subject to such abuse, including doctors, nurses, and teachers, and provides criminal penalties for failure to report such child abuse.”
  • It is still unclear how and whether the orders, which do not change Texas law, would be enforced.
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  • “This is a complete misrepresentation of the definition of abuse in the family code,” Christian Menefee, the Harris County attorney, said in an interview.
  • “We don’t believe that allowing someone to take puberty suppressants constitutes abuse,”
  • Governor Abbott’s effort to criminalize medical care for transgender youth is a new front in a broadening political drive to deny treatments that help align the adolescents’ bodies with their gender identities and that have been endorsed by major medical groups.
  • Arkansas passed a law making it illegal for clinicians to offer puberty blockers and hormones to adolescents and banning insurers from covering care. But the law was temporarily blocked by a federal judge in July after the American Civil Liberties Union sued on behalf of four families and two doctors.
  • Several such bills were also introduced in Texas. None passed.
  • She said that blocking gender-affirming care and forcing teenagers to go through the physical changes of puberty for a gender they don’t identify with was “inhumane.”
  • “Our nation’s leading pediatricians support evidence-based, gender-affirming care for transgender young people.”
  • A growing number of transgender adolescents have sought medical treatments in recent years. Transgender teenagers are at high risk for attempting suicide, according to the Centers for Disease Control and Prevention. Preliminary research has suggested that adolescents who receive such medical treatments have improved mental health.
  • “What is clear is that politicians should not be tearing apart loving families — and sending their kids into the foster care system — when parents provide recommended medical care that they believe is in the best interest of their child.”
  • “It’s designed to make parents scared,” he said. “It’s designed to make doctors scared for even facilitating gender-affirming health care.”
  • “Minors are prohibited from purchasing paint, cigarettes, alcohol, or even getting a tattoo,” Jonathan Covey, director of policy for the group Texas Values, said in an emailed statement. “We cannot allow minors or their parents to make life-altering decisions on body-mutilating procedures and irreversible hormonal treatments.”
  • Professional medical groups and transgender health experts have overwhelmingly condemned legal attempts to limit “gender-affirming” care and contend that they would greatly harm transgender young people.
  • “Gender-affirming care saved my life,” they said in a statement. “Trans kids today deserve the same opportunity by receiving the highest standard of care.”
Javier E

Sheryl Sandberg and the Crackling Hellfire of Corporate America - The Atlantic - 0 views

  • In publishing, there are some books that are too big to fail. Very early on you get the message that this is a Major and Very Important Book. In 2013, that book was Sheryl Sandberg’s Lean In: Women, Work, and the Will to Lead, which sold more than 1.5 million copies in its first year.
  • The book was about how women can make it to the top. It was a sort of “work-life balance” category buster, because she was telling women to pretty much forget about the “life” part.
  • when I looked through the galley, the whole thing was so manufactured and B-school-ish that I just wanted to put my head on the keyboard and have a little nap.
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  • Almost immediately I saw that its main problem wasn’t the children. This was a book about how women in corporate America could—and should—strive to get the most money and the most power. But where should they seek such power? In the crackling hellfire of C-suite America.
  • During her 14 years at the company, she’s done so much damage to our society that we may never recover. The simple truth is that you cannot simultaneously dedicate yourself to making untold fortunes for a giant corporation and to championing a social good.
  • Amy’s a bitch, but an honest bitch,” one man said about her. If I ever write one of these books, I’ll call it A Few Honest Bitches, and explain that if we can get the right kind of women inside these places, we might be able to burn them down.
  • Why were the progressive worlds of publishing and journalism embracing this junk as some kind of giant step toward equality? It will surely go down in history as one of white feminism’s greatest achievements.
  • Sandberg invoked the name Goldman Sachs multiple times—in a good way. Mind you, this book was published five years after that despicable outfit played a major role in almost bankrupting the country.
  • There we were: suckers, lambs to the slaughter. It didn’t even occur to us that all of that information wasn’t “safe.” We didn’t want it to be safe! We wanted our long-lost friends from Brownie Troop 347 to be able to find us! When we realized what we’d done, it was already too late.
  • “We made mistakes and I own them,” Sandberg eventually said about the Cambridge Analytica scandal. “They are on me.” The impression was of radical transparency, a Harry Truman of the C-suite: The buck stops here.
  • But according to The New York Times, the buck was about to embark on an Oh, the Places You’ll Go! journey to the bottom of the Earth.
  • Huge corporations are never, ever on the side of the people. You can’t take your eyes off of them for a second, because any time you look away, they’ll do terrible things
  • Today’s young people have been forced to learn that old lesson, because they are the inheritors of 40 years of corporate greed, private equity’s smash and grab, bank deregulation, and the collusion of the very rich and the U.S. government to squeeze every penny it can from the middle class and move it into the counting houses of billionaires. They know the game isn’t rigged against them; they know the game was lost long before they were born.
  • Corporations are now faced with labor shortages, and there are rumblings from the owner class about the demise of the great American work ethic. But corporations are the ones who killed it
  • Young people today know that work is not your life; it’s how you pay for your life. It’s an exchange of money for labor, and they are not interested in devoting a jot of extra energy to jobs that pay minimum wage and offer no health insurance or savings plan, for employers who show no loyalty to their workers.
  • I’ve heard a number of young people lately say they won’t have children because of the climate crisis. That’s a tremendous sacrifice and a principled position
  • A Pew Research Center survey from November found that 44 percent of adults without kids say that they probably won’t have any, up from 37 percent in 2018, the last time Pew asked the question
  • here’s the thing. Ask any older person when the happiest time in their life was, and they will always, always say it was when their children were young.
  • There is no greater joy in this life than having a baby. Here is a person who has been uniquely designed to love you. And here is Goldman Sachs.
Javier E

Opinion | A Radical Way of Thinking About Money - The New York Times - 0 views

  • We discuss what lessons banking regulators missed from the Great Recession; the need to panic-proof the entire financial system, as opposed to developing regulations around a systemic risk that he finds hard to define
  • why it’s important now to revisit the basics of banking, its relationship to creating money and the tendencies that get banks in trouble
  • the government’s role in insuring or backstopping deposits
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  • what it would mean for the government to start treating money as a public good for us all
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