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Javier E

Amazon Rain Forests Are on Fire, and Brazil Faces a Global Backlash - The New York Times - 0 views

  • RIO DE JANEIRO — As dozens of fires scorched large swaths of the Amazon, the Brazilian government on Thursday struggled to contain growing global outrage over its environmental policies, which have paved the way for runaway deforestation of the world’s largest rain forest.
  • The fires, many intentionally set, are spreading as Germany and Norway appear to be on the brink of shutting down a $1.2 billion conservation initiative for the Amazon.
  • “The ongoing forest fires in Brazil are deeply worrying,” the European Commission said in a statement on Thursday. “Forests are our lungs and life support systems.”
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  • Mr. Karipuna said loggers are striding into protected areas, emboldened by Mr. Bolsonaro’s views that the legal protections granted to indigenous lands are an unreasonable impediment to profiting from the Amazon’s resources.
  • “He empowered them, he told them to invade,” Mr. Karipuna said in a phone interview.
  • Last week the police in London arrested six activists from the Extinction Rebellion group who glued themselves to the windows of the Brazilian Embassy.
  • fires had consumed 4.6 million acres of the Brazilian Amazon, a 62 percent increase compared to last year.
  • In recent months, as the Bolsonaro administration has questioned the usefulness of the Amazon Fund bankrolled by German and Norwegian taxpayers, leaders in those countries have come to consider abandoning it altogether.
  • The fund was started in 2008, when Brazil was making strides in curbing deforestation through an ambitious set of policies that included aggressive law enforcement and conservation efforts.
  • Brazil has strict environmental laws and regulations, but they are often violated with impunity. The vast majority of fines for breaking environmental laws go unpaid with little or no consequences.
  • Jerônimo Goergen, a federal lawmaker from the so-called ruralist caucus, which champions industries seeking broader access to the Amazon, said he was deeply worried about Brazil’s reputation abroad as its approach to the environment has come under harsh scrutiny.“This creates a terrible image for Brazil,” he said. “The agricultural sector stands to suffer the most based on the way this debate is being framed.”
Javier E

Facts & Figures: American Republicans May Be Alone on Climate Change - The New York Times - 0 views

  • A study has found that the Republican Party in the United States lags behind conservative parties worldwide when it comes to accepting the reality of climate change
  • The study’s author examined the platforms of the top conservative parties in each of nine countries — the United States, United Kingdom, Australia, Germany, Spain, Sweden, Norway, Canada and New Zealand — and found that the Republican Party here was the only one to deny the existence of human-caused climate change.
  • Conservative parties in other countries aren’t necessarily committed to fighting climate change effectively, the study found. “Still,” writes Mr. Jacobs, “once you agree on a premise — climate change is happening, and it’s worrisome — you can debate over the best technological approaches to tackle it, or what combination of government regulations and market forces will be most effective. That sort of substantive debate between political parties is, sadly, not possible in the U.S., at least for now.
Javier E

It May Be the Biggest Tax Heist Ever. And Europe Wants Justice. - The New York Times - 0 views

  • “the robbery of the century,” and what one academic declared “the biggest tax theft in the history of Europe.” From 2006 to 2011, these two and hundreds of bankers, lawyers and investors made off with a staggering $60 billion, all of it siphoned from the state coffers of European countries.
  • The scheme was built around “cum-ex trading” (from the Latin for “with-without”): a monetary maneuver to avoid double taxation of investment profits that plays out like high finance’s answer to a David Copperfield stage illusion. Through careful timing, and the coordination of a dozen different transactions, cum-ex trades produced two refunds for dividend tax paid on one basket of stocks.
  • One basket of stocks. Abracadabra. Two refunds
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  • The process was repeated over and over, as word of cum-ex spread like a quiet contagion. Germany was hardest hit, with an estimated $30 billion in losses, followed by France, taken for about $17 billion. Smaller sums were drained away from Spain, Italy, Belgium, Austria, Norway, Finland, Poland and others
  • Outrage in these countries has focused on the City of London, Britain’s answer to Wall Street. Less scrutinized has been the role played by Americans, both individual investors and branches of United States investment banks in London, including Morgan Stanley, JPMorgan Chase and Merrill Lynch Bank of America.
  • American bankers didn’t try cum-ex at home because they feared domestic regulators. So they moved operations to London and treated the rest of Europe as an anything-goes frontier
  • ”There was this culture in London, and it really came from New York,” he said. “These guys were either from New York or trained in London at New York banks, and they looked at Europe as their playground. People at the highest levels were collaborating to rip off countries.”
  • At Merrill, Mr. Shields’s job was to identify “tax-attractive trades,” as he put it in his testimony. He had joined one of the least visible sectors of the financial world, which pokes at the seams of international finance law, looking for ways to reduce clients’ tax bills.
  • the presiding judge issued a preliminary ruling that, for the first time, declared cum-ex a felony, calling it a “collective grab in the treasury.”
  • German prosecutors say they will now pursue 400 other suspects, unearthed in 56 investigations. Banks large and small will be ordered to hand over cum-ex profits, which could have serious consequences for some. Two have already gone bust.
  • officials in Germany say the trade was a form of theft, one so obviously illicit that forbidding it — which was tried twice, with ineffectively worded laws — was hardly necessary.
  • Precisely who invented cum-ex trading, and when, are mysteries, but ground zero for this scandal may have been the London branch of Merrill Lynch.
  • uffice it to say, the goal was to fool the financial system so that two investors could claim refunds for dividend taxes that were paid just once.
  • When he pointed this out to management, the policy was tweaked.“They said, ‘You can answer a call on your mobile, but you need to immediately move off the floor,’” he recalled. “So these guys would get up from their desks, start walking toward the edge of the floor, send a text message and then walk back. It was a joke.”
  • The trade was pure theater and required a huge cast: stock lenders, prime brokers, custodians, accounting firms, asset managers and inter-dealer brokers. It also required vast quantities of stock, most of which was sourced from American shareholders.
  • A lawyer who worked at the firm Dr. Berger founded in 2010, and who under German law can’t be identified by the media, described for the Bonn court a memorable meeting at the office.
  • Sensitive types, Dr. Berger told his underlings that day, should find other jobs.“Whoever has a problem with the fact that because of our work there are fewer kindergartens being built,” Dr. Berger reportedly said, “here’s the door.”
  • Worried about the growing pileup of tax-withholding credits on the books, Frank Tibo, the bank’s chief tax officer, flew to London in May 2007. He spent the day grilling Mr. Mora
  • When Mr. Tibo tried to signal his concern to executives at UniCredit, the bank’s Italian owner, they didn’t seem to care, he said
  • “There were big profits coming out of HypoVereinsbank, and most of it was from the investment banking section,” Mr. Tibo said. “The Italians quickly made up their minds: ‘We want to make money.’ No one gave us any internal support, because they didn’t want us to learn anything.”
  • By then, Mr. Mora and Mr. Shields were long gone from the London branch. Tired of niggling questions and feeling underpaid, they had left in 2008 to open Ballance Capital, one of the first full-service, one-stop cum-ex trading shops.
  • Dozens of German banks participated in cum-ex deals, too, gobbling up German taxpayer money at the same time they received a rescue package worth more than $500 billion.
  • Last year, the lawyer who testified anonymously at the Bonn trial described the culture of the cum-ex world to Oliver Schröm and Christian Salewski, two reporters on the German television show “Panorama,” under disguising makeup. It was a realm beyond morality, he said: all male, supremely arrogant, and guided by the conviction that the German state is an enemy and German taxpayers are suckers.
  • “That was the normal world to which we no longer belonged,” he told the reporters. “We looked out the window from up there, and we thought, ‘We’re the cleverest of all, geniuses, and you’re all stupid.’”
  • a former Merrill Lynch investment banker sat in a London restaurant near the Thames and described what had turned him into a whistle-blower. In the years after the financial crisis, he said, he noticed that a handful of colleagues on the company’s trading floor were using their personal mobile phones, a breach of company policy. All communication was supposed to be tracked and recorded. These guys were sending self-deleting texts on Snapchat.“Obviously, they were circumventing controls,”
  • Seemingly risk-free profits poured in, and over the years a mini-industry thrived, one that a former participant labeled “the devil’s machine.”
  • The complaint lays out, in painstaking detail, how the trades were confected, who executed them and which questions should be asked by investigators to uncover the “sham.” It states that Merrill Lynch earned hundreds of millions of dollars over the previous seven years from cum-ex trades.
  • “Anyone who stood in the way of this trade was swept aside, and those who enabled it were promoted,” the whistle-blower said in a follow-up phone call. “But it was widely regarded as insanity inside the bank for it to be extracting money from sovereign treasuries, particularly after the entire sector had been supported by the public purse.
  • American banks conducted their cum-ex trades overseas, rather than at home, out of fear, the whistle-blower said. Specifically, he mentioned a 2008 Senate investigation into “dividend tax abuse” that found it was depriving the Treasury of $100 billion every year. The report led to a ban on dividend arbitrage tied to stock in United States corporations.
  • But nothing prevented American bankers from conducting such trades with foreign companies on foreign soil.
  • German efforts to stamp out cum-ex with legislation, in 2007 and 2009, left holes through which certain types of financial players could still crawl. This included private pension plans in the United States, a niche financial product for wealthy people who want the kind of privacy, and exotic investment options, that Fidelity doesn’t offer.
  • Investors will have problems of their own. Many have said they had no idea how cum-ex traders returned such dazzling profits. That defense became less plausible in 2012, after the German government spent millions of dollars to buy 11 hard drives from industry insiders. The hard drives were filled with marketing fliers, written by bankers, who sold cum-ex with an antigovernment pitch.
  • “We learned that it was very common for these bankers to have conversations over coffee with clients about cum-ex,” said Norbert Walter-Borjans, a former minister of finance for North Rhine-Westphalia. “They would say, ‘If you have a problem with how your hard-earned money is being spent in taxes, we’ve got an idea for you.’”
  • Authorities across Europe are said to be waiting for a resolution of the Bonn trial to move ahead with their own. Many are livid that Germany didn’t alert them sooner about the perils of cum-ex. The failure, say lawyers, stems from a Europe-wide hypersensitivity about privacy, which is especially acute when it comes to taxes.
  • In 2012, soon after Germany shut down its cum-ex problem, a London trader began a cum-ex scheme that fleeced the Danish tax authority of $2 billion, officials there say. The trader, Sanjay Shah, who now lives in Dubai, denies wrongdoing but has never been shy about the source of his wealth.When he bought a $1.3 million yacht a few years ago, he found the perfect name: Cum-Ex.
Javier E

As the rest of Europe lives under lockdown, Sweden keeps calm and carries on | World ne... - 0 views

  • “It’s the Swedish trust in government,” says Elias Billman, 22. “No one told me you have to stay home right now,” agrees his friend, Fredrik Glückman, a history student at Lund University. “We’re not in quarantine. And as soon as we hear from our government that we have to stay in, like you do in Britain, then we will do it.”
  • While every other country in Europe has been ordered into ever more stringent coronavirus lockdown, Sweden has remained the exception. Schools, kindergartens, bars, restaurants, ski resorts, sports clubs, hairdressers: all remain open, weeks after everything closed down in next door Denmark and Norway.
  • Universities have been closed, and on Friday, the government tightened the ban on events to limit them to no more than 50 people. But if you develop symptoms, you can still go back to work or school just two days after you feel better. If a parent starts showing symptoms, they’re allowed to continue to send their children to school.
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  • he defended the decision not to implement the tighter restrictions seen in Denmark, France and the UK. “We all, as individuals, have to take responsibility. We can’t legislate and ban everything,” he said. “It is also a question of commonsense behaviour.
  • The best explanation for why Sweden is such an outlier centres on the unusual level of independence given to government agencies such as Tegnell’s, and the reluctance of politicians to override them.
  • His team at the Public Health Agency of Sweden is critical of the Imperial College paper that warned this month that 250,000 people in the UK would die if the government failed to introduce more draconian measures.
  • “We have had a fair amount of people looking at it and they are sceptical,” says Tegnell. “They think Imperial chose a number of variables that gave a prognosis that was quite pessimistic, and that you could just as easily have chosen other variables that gave you another outcome. It’s not a peer-reviewed paper. It might be right, but it might also be terribly wrong. In Sweden, we are a bit surprised that it’s had such an impact.”
  • “As long as the Swedish epidemic development stays at this level,” he tells the Observer, “I don’t see any big reason to take measures that you can only keep up for a very limited amount of time.”
  • “They’re listening to the health department; they’re listening to the experts they have on hand.”
  • More than 2,000 Swedish university researchers published a joint letter on Wednesday questioning the Public Health Agency’s position, while the previous week saw leading epidemiologists attack the agency in emails leaked to Swedish television.
  • “How many lives are they willing to sacrifice so as not to lockdown and risk greater effects on the economy?”
  • Tegnell argues that because in Sweden there are almost no stay-at-home parents, closing schools would have knocked out at least a quarter of doctors and nurses, crippling the health service
  • Tegnell even questions whether stopping the progress of the virus is desirable. “We are just trying to slow it, because this disease will never go away. If you manage, like South Korea, to get rid of it, even they say that they count on it coming back
  • While Tegnell understands that he will be blamed if Sweden ends up in a similar situation to that of Italy, he refuses to be panicked. “I wouldn’t be too surprised if it ended up about the same way for all of us, irrespective of what we’re doing,” he says. “I’m not so sure that what we’re doing is affecting the spread very much. But we will see.”
Javier E

Coronavirus fatality rate remains unknown as officials plan to reopen the economy - The... - 0 views

  • a fundamental question about the coronavirus pandemic remains unanswered: Just how deadly is this disease?
  • In Germany, fewer than three out of every 100 people with confirmed infections have died. In Italy the rate is almost five times higher, according to official figures.
  • Singapore, renowned for its careful testing, contact tracing and isolation of patients, saw only 10 deaths out of 4,427 cases through April 16. That yields a strikingly low case fatality rate of 0.2 percent, about twice the rate of seasonal influenza.
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  • No one knows exactly how many people died from influenza in 1918; estimates range from 15 million to 100 million globally. Historians estimate that the virus killed about 675,000 people in the United States across three waves of the pandemic
  • confirmed cases. But in this global crisis, both the numerator and the denominator are fuzzy.
  • the rising rate may reflect the disease’s gradual progression, combined with discoveries of additional deaths.
  • The “virulence” of the virus — its ability to cause illness — has been steadily coming into focus.
  • One scholarly estimate finds that the 1918-1920 pandemic killed 218 out of every 100,000 people living in the world at that time
  • In Spain, the death toll already stands at 41 out of 100,000 people; in Belgium the number is 45. In New York state, it is 63, and that number rises even higher if you consider the “probable” death toll in New York City.
  • So is the coronavirus as deadly? “This depends on how long this continues,”
  • The disease is far more likely to cause severe outcomes in older people, with the oldest cohorts the most vulnerable. That said, in every age group — even 85-plus — most people who contract the disease will recover.
  • But more than a month later, the WHO number has gone even higher: On April 16, the WHO showed a global fatality rate of 6.6 percent among confirmed cases.
  • Preliminary research indicates that the virus is not mutating significantly as it spreads, and so there is no evidence that some countries are dealing with a more virulent strain of SARS-CoV-2.
  • the median age of patients in Italy is 63 or 64 years; the median age of patients in Germany is 47. The mortality is much lower [in Germany] because they avoided having the older population affected.”
  • The other major factor in mortality is chronic disease. Most people hospitalized with severe cases of covid-19 have chronic health conditions such as diabetes, lung disease and heart disease. Where there is a high percentage of noncommunicable diseases like high blood pressure, the coronavirus will also be more deadly
  • “We saw it everyday. African Americans have three times the rate of chronic kidney disease that Caucasians have, and 25 percent higher heart disease. They’ve got higher rates of diabetes, hypertension and asthma,” Duggan said. “I fully expect that when people are hit hard and they are on a ventilator to breathe and their body needs to fight the infection, that people who already have compromised hearts or kidneys or lungs are that much more in jeopardy.”
  • Also critical is the nature, and robustness, of the national health system. For instance, Japan, where the current case fatality rate is 1.6 percent, and Singapore are reporting extremely high rates of hospitalization for coronavirus patients, at 80 percent and higher, figures that are unheard of in the United States. But this probably helps improve treatment and also reduces disease spread by isolating patients. The result is fewer deaths.
  • Several of the countries with low fatality rates — Germany, South Korea, Norway — have very high rates of coronavirus testing. This gave them a better look at the disease within their borders.
  • San Francisco General Hospital, noted that the hospital nearly tripled the capacity of its intensive care unit by adding doctors, nurses and technicians while the city adopted social distancing measures shortly ahead of New York.
  • “We were ready for a surge that never happened,” Balmes said. “They’re every bit as good as we are in intensive care in New York, but the system was overwhelmed. We did physical distancing just a few days earlier than New York, but it was a few days to the good.”
  • in a news conference that the global case fatality rate was 3.4 percent. That was treated as a revelation about the innate deadliness of the disease, but in fact was simply the WHO’s crude mortality ratio for confirmed covid-19 cases up to that point in time.
  • “If, in fact, the case fatality rate is higher than the 1918 flu, then this one has the potential to kill even more people,
  • A new study from researchers at Stanford, not yet peer-reviewed, looked for coronavirus antibodies in a sample population in Santa Clara County, Calif., and concluded that the actual infection rate in the county by early April was 50 to 85 times greater than the rate of confirmed cases.
  • “The story of this virus is turning out to be more about its contagiousness and less about its case fatality rate,” said David Rubin, director of PolicyLab at Children’s Hospital of Philadelphia and a University of Pennsylvania professor of pediatrics. “It’s less fatal than we thought, but it’s more contagious.”
  • Where extensive testing has been done, estimates for the case fatality rate are often below 1 percent, The Post has found, suggesting these countries are getting closer to a rate that takes into account all infections
  • In Iceland, which has tested over 10 percent of the population, vastly more than other countries, the fatality rate is just 0.5 percent.
  • Harvard epidemiologist Marc Lipsitch has written that he and most experts suspect the fatality rate is about 1 to 2 percent for symptomatic cases. A 1 percent fatality rate is 10 times the average fatality rate for seasonal flu.
  • “It’s probably about an order of magnitude higher for covid-19,” said Viboud, the NIH epidemiologist. “It’s more severe in terms of mortality than the pandemics we’ve seen since 1918.”
Javier E

Search for Coronavirus Vaccine Becomes a Global Competition - The New York Times - 0 views

  • while there is cooperation on many levels — including among companies that are ordinarily fierce competitors — hanging over the effort is the shadow of a nationalistic approach that could give the winner the chance to favor its own population and potentially gain the upper hand in dealing with the economic and geostrategic fallout from the crisis.
  • What began as a question of who would get the scientific accolades, the patents and ultimately the revenues from a successful vaccine is suddenly a broader issue of urgent national security.
  • behind the scramble is a harsh reality: Any new vaccine that proves potent against the coronavirus — clinical trials are underway in the United States, China and Europe already — is sure to be in short supply as governments try to ensure that their own people are the first in line.
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  • just as nations have insisted on building their own drones, their own stealth fighters and their own cyberweapons, they do not want to be beholden to a foreign power for access to the drugs that are needed in a crisis.
  • they do not say how, or more important, when. And many analysts recall what happened during the swine flu epidemic in 2009, when a company in Australia that was among the first to develop a single-dose vaccine was required to satisfy demand in Australia before fulfilling export orders to the United States and elsewhere.
  • “I would encourage everyone not to get into this trap of saying we have to get everything into our countries now and close the borders,” said Severin Schwan, the chief executive of the Swiss pharmaceutical company Roche. “It would be completely wrong to fall into nationalist behavior that would actually disrupt supply chains and be detrimental to people around the world.”
  • a vaccine remains at least 12 to 18 months away, both American officials and the leaders of major pharmaceutical companies say.
  • “Vaccines are injected into healthy people, so we need to ensure safety,” a process that takes time,
  • China has made clear it is looking for a national champion — an equivalent to the role that Huawei, a Chinese telecommunications giant, plays in the race to build 5G networks around the world. If the Huawei pattern holds, China could make deals to increase its influence over poorer or less developed countries, which might otherwise might not get affordable access to a vaccine.
  • There are already signs that China is using the moment for geopolitical advantage, delivering help to countries that once would have looked to Europe or the United States. Its decision to ship diagnostic kits to the Philippines, an ally of the United States, and to help Serbia was a leading indicator of what may come with drugs and vaccines, when they are available.
  • In the aftermath of the Ebola plague that flared across West Africa from 2014 to 2016, Norway, Britain and other mostly European countries as well as the Bill and Melinda Gates Foundation began contributing millions of dollars to a multinational organization, the Coalition for Epidemic Preparedness Initiatives, to fund vaccine research.
  • All of its funding agreements included provisions for equal access to assure that “appropriate vaccines are first available to populations when and where they are needed to end an outbreak or curtail an epidemic, regardless of ability to pay,” the organization said in a statement.
  • In the past two months, the coalition has funded research into eight of the most promising candidates to block the coronavirus — including CureVac, the Germany company.
Javier E

Germany's coronavirus death rate is lower than Italy, China, Spain, France - The Washin... - 0 views

  • In Italy, 9.5 percent of the people who have tested positive for the virus have succumbed to covid-19, according to data compiled at Johns Hopkins University. In France, the rate is 4.3 percent. But in Germany, it’s 0.4 percent.
  • The biggest reason for the difference, infectious disease experts say, is Germany’s work in the early days of its outbreak to track, test and contain infection clusters. That means Germany has a truer picture of the size of its outbreak than places that test only the obviously symptomatic, most seriously ill or highest-risk patients.
  • Germany, with 31,150 cases at midday Tuesday, appeared to have a larger outbreak than France, with 20,149. But the higher death rate in France implies there were more undiagnosed cases there. France’s outbreak could be larger than Germany’s.
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  • “At the beginning, when we had relatively few cases, when it came to finding them and isolating them, we did quite well in Germany,”
  • Initially, at least, the country’s health authorities tracked infection clusters meticulously. When an individual tested positive, they used contact tracing to find other people with whom they had been in touch and then tested and quarantined them, which broke infection chains
  • Germany’s high diagnostic capacity had “secured us an extreme lead . . . in the detection of the epidemic.”
  • But he cautioned against complacency, and said the death rate would increase: “We are no exception.”
  • As community spread became prevalent, infection chains in some cases became impossible to trace. Some doctors said they had no choice but to send people seeking tests back home to call jammed coronavirus hotlines because they lacked protective equipment to conduct them safely.
  • With cases growing exponentially, health authorities have moved on to ordering social distancing and banning mass events. Federal states have restricted gatherings outside the home to a maximum of two people.
  • outh Korea, which has been praised as a model for responding to the outbreak, has a death rate of 1.2 percent.
  • “In South Korea, there’s been a longer duration of infections, so we can’t really compare,” he said. “We have lots of newly positive cases. They didn’t have the chance to die yet.”
  • Busse said Germany is more comparable to Norway. The Scandinavian country is at a similar point in its outbreak, it’s also worked to test and contain cases, and it also has a death rate of 0.4 percent.
  • a period of exponential growth might be slowing, but cautioned that it was too early to say, given fluctuations in data. He said the picture should be clearer by Wednesday.
  • many initial cases had clear links to overseas travel.
  • the German outbreak started with large numbers of young people — “people who came back from holidays.”
  • Lauterbach said he expected Germany’s death rate to rise as more vulnerable segments of society are infected.
  • Because testing is not universal, and many people with the coronavirus might never be diagnosed, a true death rate is impossible to ascertain. But experts say the rate is likely to be significantly higher in countries such as Spain and Italy, where care is collapsing.
  • With more intensive care beds and ventilators than most other European nations and early measures to prevent the spread of the virus, Lauterbach said, he didn’t see Germany turning into Italy or Spain. Still, he has been advocating for wider restrictions.
  • “I think with all things considered, Germany will do reasonably well in this first round of a long fight,”
brickol

Trump to suspend travel from Europe, excluding UK, amid coronavirus outbreak | World ne... - 0 views

  • Donald Trump has announced that the US would temporarily suspend most travel from the European Union, as the country reckons with the spread of coronavirus and the White House grapples with the severity of the situation.
  • The restrictions, which would begin on Friday and last for 30 days, would not apply to US citizens or to travelers from the UK.
  • During the rare address to the nation, Trump defended his administration’s response while laying blame on the European Union for not acting quickly enough to address the “foreign virus”, saying US clusters had been “seeded” by European travelers.
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  • “I can say we will see more cases, and things will get worse than they are right now,” Fauci told the House Oversight and Reform Committee. He said it is “10 times more lethal than the seasonal flu”.
  • Trump’s speech comes on a tumultuous day as cases in the US topped 1,000 and the number of deaths rose to 37, while fluctuations in the financial markets continued and Washington strained to respond. Testifying on Capitol Hill on Wednesday, Dr Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, warned that the outbreak in the US is going to get worse.
  • The president also said he would take “emergency action” to provide relief to workers who are affected. He said he was asking Congress for $50bn for small business loans, and he also called for “immediate” payroll tax cuts.
  • In a statement, the US Department of Homeland Security (DHS) said the affected countries include: Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and Switzerland”.
  • The Trump administrators has faced a raft of criticism over its handling of the coronavirus outbreak, from the shortage of testing kits available in the US to Trump’s own lack of urgency and downplaying the severity of the situation
  • Daniel Drezner, a professor of International politics at Tufts University, told the Guardian that limiting travel from Europe would “be a drop in the bucket” compared with the number of cases that are already in the US.
  • Democrats also called out Trump for failing to address the shortage of testing kits that has hampered containment efforts across the country. “We have a public health crisis in this country and the best way to help keep the American people safe and ensure their economic security is for the president to focus on fighting the spread of the coronavirus itself,” said Chuck Schumer and Nancy Pelosi, the Democratic leaders of the Senate and House, in a joint statement. “Alarmingly, the president did not say how the administration will address the lack of coronavirus testing kits throughout the United States.”
Javier E

How a Pandemic Rescued the Political Image of Ireland's Leader - The New York Times - 0 views

  • Dr. Varadkar, 41, is winning praise for his energetic handling of the crisis. He canceled St. Patrick’s Day festivities, oversaw an aggressive early testing program, closed pubs and schools earlier than other European leaders and has spoken to the public about the contagion in honest, humane terms — in other words, like the general practitioner he once was.
  • Britain has 13 times the population as Ireland and is far more densely populated, with a capital, London, that has nearly twice as many people as the entire Irish Republic
  • “Some of the difference may be serendipity,” said Dr. Patricia Kearney, an expert in epidemiology at the University College Cork. “We have a relatively small population, and the way we live outside the cities is far less dense than in the U.K. But there was still really decisive action by our political leaders.”
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  • Some people clucked over his decision to keep his annual St. Patrick’s Day date with President Trump in Washington during the early days of the outbreak. While there, he called a dramatic news conference at Blair House, opposite the White House, to announce he was closing Irish schools and banning large gatherings.
  • he compensated for those stumbles with an address on St. Patrick’s Day that was viewed by commentators as one of the most memorable ever delivered by an Irish leader.
  • while Ireland lags top performers like Iceland and Norway, it has tested at more than double the rate of Britain.
  • Last month, Ireland got in early in negotiating a €208 million ($226 million) deal with China for this protective gear and scheduled Aer Lingus flights to bring it back. Some of the gowns had been cut for Chinese medics and were too short for Irish doctors. But today Ireland is not suffering from the shortages that afflict other countries
  • Nor does it have a shortage of ventilators, thanks to a chain of manufacturers.
  • At the outset of the contagion, Dr. Kearney said, Ireland aggressively tested and traced the contacts of people with symptoms. That quickly stretched its testing capacity, and it was forced to pull back.
  • Dr. Varadkar’s decision to go back to work as a physician was motivated by a desire to help ease the burden on health care workers, his spokesman said. He also issued a plea for emigrant Irish doctors and nurses, and others who had left the field, to return to help with the surge of patients. So far, 60,000 have responded.
  • Ireland also moved swiftly to impose social distancing, working off an influenza pandemic plan developed 13 years ago
  • It called off a major rugby match between Ireland and Italy in late February, an unpopular decision at the time. But now, experts said, people are adhering to Ireland’s lockdown better than those in Britain.
  • “We’ve all rolled in behind these measures,” Dr. McConkey said. “Even though we’ve had a legacy of shooting at each other over decades, we’re actually quite a socially cohesive society.”
Javier E

Robert Peston: 'I'm not saying Britain is finished, but our current problems are not a ... - 0 views

  • I’m just pointing out that there are some very significant structural problems that we need to fix, whether or not we leave the European Union.” The current economic malaise, he adds emphatically, “is not a blip. This is the moment we have to stop pussyfooting around in terms of solutions.”
  • Peston advocates a “wealth tax” – an annual levy of 1% on all net assets greater than £500,000. “Workers have become too powerless,” he goes on, and argues for “new forms of online collectivism” – digital trade union platforms – and the creation of a new ombudsman to regulate the labour market along the lines of the financial services’ Financial Conduct Authority.
  • . His book is full of depressing statistics about the vanishingly small prospect of disadvantaged Britons today climbing the economic or social ladder, but when I ask if he himself shares the worry that his own children will not enjoy a better life than his, he erupts.
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  • The introduction of a universal basic income is, he believes, inevitable. This drastic reinvention of the welfare state would see the government pay every single citizen, irrespective of their wealth or employment status, a regular cash sum calculated to cover all their basic needs
  • “It is fucking mad for middle class people like us to want anything other than a decent life for our children,” he exclaims. “If you’re on shit wages, it’s completely reasonable to want your children to be better off than you are. Completely reasonable. But the notion that we,” and he gestures around his elegant townhouse kitchen, “should want more [for our children] is shocking and appalling. We shouldn’t think in those terms. We’ve actually got to think, maybe we should make some sacrifices and be a bit poorer. Because if we don’t make those sacrifices and become a bit poorer, so that those lower down the scale have better lives, we may end up facing utter chaos.”
  • Is he worried that the country’s economic woes are leading us towards the threat of civil unrest? “Yes – or certainly just to the rise of politicians who don’t believe in our democracy. I think that’s a genuine risk. I am genuinely fearful for the fabric of what we think of as this nation, if we don’t address these problems.” In his lifetime is this threat unprecedented? “Yes, of course it is. This is the most scary time since the second world war.”
  • “We will end up with it. We just have to reconcile ourselves to no growth. The natural tendency of the economy at the moment is to widen income and wealth disparities and in those circumstances, and particularly when you layer on top of that the rise of robots and artificial intelligence, it is very, very difficult to think of any alternative but guaranteeing some kind of universal basic income.” Does he assume this will become Labour party policy in the foreseeable future? “Yeah.”
  • “I think it’s becoming clearer that Labour will end up, as a minimum, signed up to a position where we are a bit like Norway.” In other words, a permanent member of the single market. “But it’s altogether conceivable that they end up being a party that says we have to have another vote on this. They will arrive undoubtedly at one or other of those positions.”
  • Peston is critical of Corbyn’s view that “the state can solve everything”, but isn’t at all surprised by his popularity. “Younger people think, ‘Fuck it, nobody’s running this place for me. And capitalism is shit, it’s doing nothing for me because when am I ever going to get any capital?’ So, it’s not surprising in those circumstances that they then say, ‘We want a public sector, state-based solution of the sort that Jeremy Corbyn is offering’.”
anonymous

Big Oil Investors Rethink Their Bets - WSJ - 0 views

  • Some big investors and banks are rethinking investments in an oil and gas industry wrestling with uncertain oil demand, government regulation and disruptive technology like electric vehicles.
  • government says it will decide this year whether to wind down its $1 trillion sovereign-wealth fund’s investments in the oil and gas sector.
  • The trend resembles—on a smaller scale—the early investor movement against the coal industry, which was rocked by an explosion in production of cheap, cleaner-burning natural gas in the U.S. over the past decade.
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  • U.K., France, China and India have signaled they plan to ban sales of vehicles with traditional combustion engines, undercutting a potential source of crude demand.
  •  
    This article relates to the Industrial Revolution. It's very interesting to come to a time when we are making an effort to cut back on oil and industrial manufacturing whereas before we used it to advance.
anonymous

Amazon and Nestle join public-private plan to save world's forests | Reuters - 0 views

  • The United States, Norway and Britain joined forces with companies including Amazon (AMZN.O) and Nestle (NESN.S) on Thursday to launch a project aimed at protecting the world's tropical forests.
  • Governments and companies taking part will pay countries with tropical and subtropical forests for emissions reductions, a move it hopes will help reduce and eventually end deforestation.
  • The pace of deforestation actually picked up in 2020, LEAF said, with data from Global Forest Watch showing a 12 percent increase from the prior year or more than 10 million hectares of primary tropical forest, roughly the size of Switzerland.
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  • Countries looking to take part in the programme will need to have the reduction in deforestation-linked emissions verified by a new, more rigorous standard assessed at the national level by an independent third party, the coalition said in a statement.With applications due by July 2021 and the aim of signing contracts before the end of the year, payments would be based on emissions reductions linked to reducing levels of deforestation or degradation, or by restoring forests, between 2022 and 2026.
  • Companies looking to take part in the project will only be allowed to join if they can show a commitment to "deep voluntary cuts" in their own emissions, in line with science-based targets and the Paris Agreement on climate.
Javier E

Denmark, Finland, and the 'Secrets' of the Happiest Countries - The Atlantic - 0 views

  • Wanting to copy the happiest people in the world is an understandable impulse, but it distracts from a key message of the happiness rankings—that equitable, balanced societies make for happier residents.
  • In the process, a research-heavy, policy-oriented document gets mistaken, through a terrible global game of telephone, for a trove of self-help advice.
  • the list implies “a social understanding of happiness—something that happens between people,” which is a welcome alternative to the default assumption that individual people are responsible for their own misery. He also thinks it can show people which policies to vote for if they want to nudge their society in a happier direction.
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  • The UN first took an interest in people’s imaginary life-ladders 10 years ago, after Bhutan’s prime minister at the time, Jigme Thinley, encouraged the organization’s member countries to better incorporate well-being into measurements of social and economic development. His recommendation inspired the first World Happiness Report, released in 2012.
  • the lessons of the report are not shocking: People are more satisfied with their lives when they have a comfortable standard of living, a supportive social network, good health, the latitude to choose their course in life, and a government they trust. The highest echelon of happy countries also tends to have universal health care, ample paid vacation time, and affordable child care.
  • A central takeaway from nine years of happiness reports is that a wealthier country is not always a happier country.
  • In the U.S., “we are living with such incredibly frayed social trust and bad vibes and addictions and so many other things, and still [people say] ‘Don't tax me,’ ‘Don’t tax the rich,’” Jeffrey Sachs, an economist at Columbia University and an editor of the report, told me. “This is part of our politics that I think is all wrong, and that I think is what puts us well behind countries that are not quite as rich as the United States but in my view are much more balanced in their lives.”
  • the World Happiness Report is more about contentment than exuberant, smiley happiness.
  • Sachs, of the World Happiness Report, doesn’t think that interest in the happiest countries’ customs is entirely misplaced. Denmark and other happy countries embody “a different kind of prosperity, a more equal and shared prosperity, and I think things like hygge are a reflection of that norm,” he told me. “I think it’s something to emulate at an individual level, and something to propound at a political level.”
  • Taking forest walks and foraging for berries do sound delightful, but a focus on activities and habits reduces entire cultures to individual lifestyle trends and obscures the structural forces that make people satisfied with their lives.
  • No quantity of blankets or candles is going to make up for living in an unequal society with a weak social safety net.
  • Bear in mind, though, that happiness isn’t found only at the top of the rankings. Sebastian Modak, a freelance travel writer, told me that when he was The New York Times’ 52 Places Traveler in 2019, he met people at every destination who seemed truly happy and had habits that brought them pleasure
  • n the Nordic countries themselves have a lesser-known cultural ideal that probably brings happiness more reliably than hygge. Jukka Savolainen, a Finnish American sociology professor at Wayne State University, in Michigan, argued in Slate that the essence of his happy home region is best captured by lagom, a Swedish and Norwegian word meaning “just the right amount.”
  • Savolainen even theorizes that this inclination toward moderation shapes residents’ responses to the happiness ranking’s central question. “The Nordic countries are united in their embrace of curbed aspirations for the best possible life,” he writes. “In these societies, the imaginary 10-step ladder is not so tall.”
magnanma

BBC - History - World Wars: Breaking Germany's Enigma Code - 0 views

  • Fewer people still knew that this piece of spook hardware was invented by a German (based on an idea by a Dutchman), that information about it was leaked to the French, and that it was first reconstructed by a Pole, before it was offered to Britain's codebreakers as a way of deciphering German signals traffic during World War Two
  • the Zimmermann telegram - a message from the German foreign minister to his ambassador in Mexico City informing him of plans to invade the United States. On being notified of these plans, officials in Washington were understandably perturbed, and hastened to effect the entry of the US into the war.
  • Dr Arthur Scherbius had developed his 'Enigma' machine, capable of transcribing coded information, in the hope of interesting commercial companies in secure communications. In 1923 he set up his Chiffriermaschinen Aktiengesellschaft (Cipher Machines Corporation) in Berlin to manufacture this product, and within three years the German navy was producing its own version, followed in 1928 by the army and in 1933 by the air force.
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  • Despite providing some otherwise inaccessible information, it was some time before Ultra made any significant contribution to the war effort. Although, thanks to the information from the Poles, the British had learned to read parts of the Wehrmacht's signals traffic, regular decrypts only became possible in the Norwegian campaign
  • The Germans were convinced that Enigma output could not be broken, so they used the machine for all sorts of communications - on the battlefield, at sea, in the sky and, significantly, within its secret services. The British described any intelligence gained from Enigma as 'Ultra', and considered it top secret. Only a select few commanders were made aware of the full significance of Ultra, and it was mostly used only sparingly, to prevent the Germans thinking their ciphers had been broken.
  • Enigma allowed an operator to type in a message, then scramble it by means of three to five notched wheels, or rotors, which displayed different letters of the alphabet. The receiver needed to know the exact settings of these rotors in order to reconstitute the coded text.
  • A break-through came in March 1941, however, when the German trawler Krebs was captured off Norway, complete with two Enigma machines and the Naval Enigma settings list for the previous month. This allowed German Naval Enigma to be read, albeit with some delay, in April, by codebreakers at Bletchley.
  • Although he was dissuaded by his experts, the Germans redoubled their efforts to tighten Enigma's security, and the Bletchley Park codebreakers, realising what they were up against, wrote to British Prime Minster Winston Churchill complaining that they were not being given enough resources. Churchill replied with a famous 'Action This Day' memorandum: 'Make sure they have all they want on extreme priority and report to me that this had been done'.
  • In February 1942 the Germans hit back by introducing a new fourth wheel (multiplying the number of settings another 26 times) into their Naval Enigma machines. The resulting 'net' was known to the Germans as 'Triton' and to the British as 'Shark'. For almost a year Bletchley could make no inroads into Shark, and Allied losses in the Atlantic again increased alarmingly.
  • By D-Day in June 1944 Ultra was no longer so important. But still no one wanted the Germans to sense that Enigma was being read. When, a few days before the Normandy landings, an American task force captured a German U-boat with its Enigma keys
  • By how much did Ultra intelligence, gained from reading Enigma ciphers, shorten the war? Harry Hinsley, based at Bletchley during the war, suggests it was a significant asset.
liamhudgings

Is the "Resource Curse" a Myth? | JSTOR Daily - 0 views

  • As the media struggles to make sense of President Trump’s interest in buying Greenland, some say that his motives are transparent: Greenland possesses vast untapped natural resources.
  • Of course, resource wealth does not always lead to well-being. In fact, in some cases the opposite seems to be true. The idea of a “resource curse” gained momentum in the early 2000s. It proposes a correlation between resource endowment, particularly oil, and the propensity for armed conflict, corruption, and poor development outcomes.
  • resources provide financial incentives for rebels to continue conflict, and governments to engage in misrule, with little of a country’s resource wealth translating into public welfare. Civil wars in resource-rich African countries like Sierra Leone, Liberia, Chad, and the Democratic Republic of Congo during the post-Cold War period are examples of this dynamic.
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  • this “resource determinism” is more of an ideological construct than we may realize.
  • Holding resource wealth responsible for these complex situations is simplistic, as the roots of conflicts in some countries predate the discovery of oil. Conflicts fueled by the so-called “resource curse” are also fueled by deep-seated inequality. For example, Nigeria is resource-rich but possesses low wealth per capita.
  • Similarly, Norway and Canada have either escaped the resource curse or actively try to mitigate its negative fallouts. Both are democratic welfare states.
Javier E

G.D.P. Doesn't Measure Happiness - NYTimes.com - 0 views

  • “happiness is, in the end, a much more complicated concept than income. Yet it is also a laudable and much more ambitious policy objective.”
  • it’s a challenge to set criteria for measuring happiness. However, in a conversation, she told me she did not see it as an insurmountable one: “It doesn’t have to be perfect; after all, it took us decades to agree upon what to include in G.D.P. and it is still far from a perfect metric.”
  • there remains the issue of being No. 1. Many of us have lived our lives in a country that has thought itself the world’s most powerful and successful. But with the United States economy in a frustrating stall as China rises, it seems that period is coming to an end. We are suffering a national identity crisis, and politicians are competing with one another to win favor by assuring a return to old familiar ways.
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  • When Newsweek ranked the “world’s best countries” based on measures of health, education and politics, the United States ranked 11th. In the 2011 Quality of Life Index by Nation Ranking, the United States was 31st. Similarly, in recent rankings of the world’s most livable cities, the Economist Intelligence Unit has the top American entry at No. 29, Mercer’s Quality of Living Survey has the first United States entry at No. 31 and Monocle magazine showed only 3 United States cities in the top 25.
  • On each of these lists, the top performers were heavily concentrated in Northern Europe, Australia and Canada with strong showings in East Asian countries from Japan to Singapore. It is no accident that there is a heavy overlap between the top performing countries and those that also outperform the United States in terms of educational performance
  • Nearly all the world’s quality-of-life leaders are also countries that spend more on infrastructure than the United States does. In addition, almost all are more environmentally conscious and offer more comprehensive social safety nets and national health care to their citizens.
  • providing the basics to ensure a high quality of life is not a formula for excess or the kind of economic calamities befalling parts of Europe today. For example, many of the countries that top quality-of-life lists, like Sweden, Luxembourg, Denmark, the Netherlands and Norway, all rank high in lists of fiscally responsible nations — well ahead of the United States, which ranks 28th on the Sovereign Fiscal Responsibility Index.
  • at the same time, countries that could hardly hope to outperform the world in any category are far ahead of us when it comes to things that matter more to people
  • some of the metrics we rate as most important, like G.D.P., stock indices or trade data, are so deeply flawed as to be irrelevant or worse, dangerous distractions
  • As a country we have consistently relied on indicators that keep us focused on the interests of business, financial institutions or the defense industry whereas equity, quality of life and even social mobility metrics are played down.
  • in the midst of the Great Depression, Congress, showing a great deal more intellectual curiosity than it does today, commissioned a group of economists led by a future Nobel Prize winner named Simon Kuznets to better measure economic activity.
  • Not only were they aware that the statistic they devised ignored many types of economic activity — from the work of housewives to illegal enterprises — they also knew their number did not assess the social benefits of what they were tracking.
  • Kuznets warned of this: “The welfare of a nation can, therefore, scarcely be inferred from a measurement of national income” like the one they created. That hasn’t stopped us from making this misleading number perhaps the most influential statistic in the world.
  • Americans use G.D.P. in discussions about how well we are doing. It’s at the heart of discussions of whether we are in a recession or not, ahead or falling behind.
  • Yet, when China “passes” us, it will remain for the most part a very poor country racked with social problems.
  • A country, for example, that overemphasizes G.D.P. growth and market performance is likely to focus policies on the big drivers of those — corporations and financial institutions — even when, as during the recent past, there has been little correlation between the performance of big businesses or elites and that of most people.
  • Even John Locke, who famously enumerated our fundamental rights as being to life, liberty and property, qualified this by asserting that people should appropriate only what they could use, leaving “enough and as good” for others.
  • Thomas Jefferson later consciously replaced the right to property with a right to “the pursuit of happiness.” And happiness has become the watchword for those seeking different measures that might better guide governments.
  • maturing societies can offer many benefits to their citizens that are unavailable to most in the rapidly growing world — the products of rich educational and cultural resources, capable institutions, stability and prosperity.
  • We, as a developed nation, are unlikely to grow at the rapid pace of emerging powers (the United States is currently ranked 127th in real G.D.P. growth rate)
aleija

Opinion | We're Living in a World of Walls. Here Is a Window to Escape. - The New York ... - 0 views

  • A long time ago, I read of a torture technique that a journalist heard was used by Hamas on residents of Gaza suspected of being informants: The person is shown a wall onto which a staircase is drawn, and at the top is a drawing of a bicycle. The person is told to go up and get the bicycle. But it’s only a drawing, he says. He is told that if he doesn’t bring the bicycle down the stairs, he will be beaten. And when, again, he appeals to his torturer’s reason, to the reality in which both the staircase and the bicycle are drawings, he is hit.
  • he part about the beautiful door is funny, but the really funny part, as far as my children are concerned, is when the late-night host gives the future president a chance to apologize to anyone he wants, and the president can’t think of anyone. No one at all? Nope, the president says.
  • Those of us with homes have been told to take refuge there, to stay within the walls. As such, no one can reach anyone except via satellite, and our only shared reality is the news, and the numbers of infections and fatalities.
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  • Later, after we end our call, it occurs to me that at 46 I have almost certainly touched the wall in my life, but have none of the eagerness to be finished that the expression suggests
  • There are 26 million refugees in the world and nearly 46 million internally displaced people. There is no patience left for this beautiful poem anymore, is what I think, shutting the book and replacing it on the shelf. Not in this burning, ravaged world.
  • I click a button, and now I am looking out the window of a moving train outside of Moscow. In Lausanne, under a blue sky, a boat arrives. A sea in Albania. A kangaroo doing not much in Tasmania. So much wind, so much laundry drying. So many open doors with the keys still in the lock. So many sleeping cats. So much waiting. I fall asleep with the window open, and when I wake, it is raining in Norway.
Javier E

Opinion | 'We're No. 28! And Dropping!' - The New York Times - 1 views

  • The newest Social Progress Index, shared with me before its official release Thursday morning, finds that out of 163 countries assessed worldwide, the United States, Brazil and Hungary are the only ones in which people are worse off than when the index began in 2011. And the declines in Brazil and Hungary were smaller than America’s.
  • The index, inspired by research of Nobel-winning economists, collects 50 metrics of well-being — nutrition, safety, freedom, the environment, health, education and more — to measure quality of life.
  • Norway comes out on top in the 2020 edition, followed by Denmark, Finland and New Zealand.
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  • South Sudan is at the bottom, with Chad, Central African Republic and Eritrea just behind.
  • The United States, despite its immense wealth, military power and cultural influence, ranks 28th — having slipped from 19th in 2011.
  • The index now puts the United States behind significantly poorer countries, including Estonia, Czech Republic, Cyprus and Greece
  • The United States ranks No. 1 in the world in quality of universities, but No. 91 in access to quality basic education
  • The U.S. leads the world in medical technology, yet we are No. 97 in access to quality health care.
  • The Social Progress Index finds that Americans have health statistics similar to those of people in Chile, Jordan and Albania,
  • kids in the United States get an education roughly on par with what children get in Uzbekistan and Mongolia
  • A majority of countries have lower homicide rates, and most other advanced countries have lower traffic fatality rates and better sanitation and internet access.
  • The United States has high levels of early marriage — most states still allow child marriage in some circumstances — and lags in sharing political power equally among all citizens
  • America ranks a shameful No. 100 in discrimination against minorities.
  • the coronavirus will affect health, longevity and education, with the impact particularly large in both the United States and Brazil.
  • “Societies that are inclusive, tolerant and better educated are better able to manage the pandemic,”
  • The decline of the United States over the last decade in this index — more than any country in the world — is a reminder that we Americans face structural problems that predate President Trump
  • Trump is a symptom of this larger malaise, and also a cause of its acceleration.
  • the share of Americans reporting in effect that every day is a bad mental health day has doubled over 25 years. “Rising distress and despair are largely American phenomenon not observed in other advanced countries,”
Javier E

The World's Major Military and Economic Powers Find Happiness Elusive | History News Ne... - 0 views

  • What are we to think, then, when we find that the world’s major military powers, which are also among the world’s richest nations, are failing badly when it comes to enhancing public happiness?
  • According to the most credible study of military expenditures (with figures drawn from 2018), three out of the top four military spenders, in rank order, are the United States, China, and India.
  • Ranked by total wealth, the United States is 1st, China 2nd, India 5th, and Russia 11th.  If ranked by their number of billionaires, the United States is 1st, China 2nd, India 4th, and Russia 5th.
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  • Furthermore, Russia has the world’s largest nuclear arsenal and fifth largest army.  Therefore, Russia is usually considered one of the world’s top four military powers.
  • Based on how happy the citizens of 156 countries perceived themselves to be, the report concluded that, when it came to happiness, the United States ranked 18th, Russia 73rd, China 94th, and India 144th among nations
  • between 2012 and 2020 its happiness ranking dropped from 11th to 18th place among the nations of the world
  • great military and economic power does not guarantee a country’s happiness.  Indeed, it might even undermine happiness
  • spending on military ventures diverts resources away from civilian needs, while wars create death and destruction.
  • Economic inequality has certainly caused significant discontent within these nations, and the rise of “the billionaire class” has exacerbated it.  
  • these countries’ emphasis on consumerism and materialism has created desires that cannot always be satisfied by the acquisition of products or wealth.
  • nations that placed in the top ten on the 2020 happiness scale.  Ranked in order, they are Finland, Denmark, Switzerland, Iceland, Norway, Netherlands, Sweden, New Zealand, Austria, and Luxembourg.
  • None is a major military or economic power, and none is today fighting a war. 
  • What they also have in common, the World Happiness Report observes, is a “well-functioning democracy, generous and effective social welfare benefits, low levels of crime and corruption, and satisfied citizens who feel free and trust each other and governmental institutions.”
chrispink7

Which Countries Are Handling The COVID-19 Crisis Best? New Public Opinion Data Offer An... - 0 views

  • The latest polling data from the company YouGov show Vietnam to lead the list of countries most supportive of their governments’ efforts to combat COVID-19. To be exact, 95% of Vietnamese people think their government is handling the pandemic “very” or “somewhat” well. But this doesn’t mean the Vietnamese people are letting down their guard. Of the 26 countries measured by the YouGov researchers, Vietnam also exhibits the highest level of COVID-19 fear; 89% of the Vietnamese population are “very” or “somewhat” concerned they will contract the disease. This finding is interesting, as one might assume that fear should drop to the extent that citizens believe their government has things under control. Then again, unprecedented events often produce unexpected results.
  • Other countries that are handling the crisis well, at least in the eyes of its citizens, include India, Australia, Denmark, Norway, Canada, and Finland. Where does the United States stand? Toward the bottom of the pack. According to the most recent YouGov polling data, less than half (49%) of Americans think the government is handling the pandemic “very” or “somewhat” well. This squares with other polling data in the United States. A recent Pew Research poll, for instance, found that 65% of Americans felt that the federal government was too slow to take major steps to address the threat posed by COVID-19.
  • The three countries where citizens show the weakest support of their governments’ handling of the pandemic are Spain, France, and Japan. In each of these countries, less than 40% of people are supportive of their governments’ handling of the crisis. And then there’s the case of Sweden. Interestingly, the data show a significant increase in Swedish citizens’ support of the way their government has handled the crisis. Currently, 57% of Swedes think their government is handling the pandemic “very” or “somewhat” well compared to 41% a month ago. This may have to do with the fact that more Swedes are buying into the government’s contrarian approach to managing the crisis. Unlike most of the developed world, Sweden decided not to close businesses and schools. A recent article in Bloomberg suggests that COVID-19 infections and fatalities are beginning to plateau in Sweden and the popularity of Sweden’s Prime Minister Stefan Lofven has soared.
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