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Javier E

The Power of Nudges, for Good and Bad - The New York Times - 1 views

  • Nudges, small design changes that can markedly affect individual behavior, have been catching on. These techniques rely on insights from behavioral science
  • when used ethically, they can be very helpful. But we need to be sure that they aren’t being employed to sway people to make bad decisions that they will later regret.
  • Three principles should guide the use of nudges:■ All nudging should be transparent and never misleading.■ It should be as easy as possible to opt out of the nudge, preferably with as little as one mouse click.■ There should be good reason to believe that the behavior being encouraged will improve the welfare of those being nudged.
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  • the government teams in Britain and the United States that have focused on nudging have followed these guidelines scrupulously.
  • the private sector is another matter. In this domain, I see much more troubling behavior.
  • Many companies are nudging purely for their own profit and not in customers’ best interests. In a recent column in The New York Times, Robert Shiller called such behavior “phishing.” Mr. Shiller and George Akerlof, both Nobel-winning economists, have written a book on the subject, “Phishing for Phools.”
  • Some argue that phishing — or evil nudging — is more dangerous in government than in the private sector. The argument is that government is a monopoly with coercive power, while we have more choice in the private sector over which newspapers we read and which airlines we fly.
  • I think this distinction is overstated. In a democracy, if a government creates bad policies, it can be voted out of office. Competition in the private sector, however, can easily work to encourage phishing rather than stifle it.
  • One example is the mortgage industry in the early 2000s. Borrowers were encouraged to take out loans that they could not repay when real estate prices fell. Competition did not eliminate this practice, because it was hard for anyone to make money selling the advice “Don’t take that loan.”
Javier E

Nudging Towards Theocracy: Adrian Vermeule's War on Liberalism | Dissent Magazine - 0 views

  • If power is to be delivered to the technocrats, it has to be taken away from someone else. For Vermeule, that someone is the judiciary.
  • Judges, in his view, are ill-equipped to adjudicate on the administrative and regulatory questions that, in modern states, so often come across their desks. Judges have no business, Vermeule thinks, meddling with technical or regulatory matters, and thus they seldom do. So whatever fantasy we might spin about living in a republic of laws, in reality we are living in a republic of administrators.
  • The abnegation of the law opens the door for the executive branch to assert its proper role. This has been the grand theme of Vermeule’s collaborations with Sunstein and Posner. His writings with Sunstein have focused on the need for government agencies to have wide leeway to intervene in and regulate the social order, without serious oversight from the legislature or the Constitution.
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  • a provocative 2009 paper titled “Conspiracy Theories.” As always, they begin with a genuine problem: in this case, the spread of harmful untruths like birtherism or trutherism. Their basic idea is that government agencies should be allowed to pursue a project of “cognitive infiltration,” anonymously mucking about in conspiracy circles in order to sow doubt and confusion
  • Who, in the end, has the capacity to employ the awesome powers of the modern state?
  • Schmitt showed, they believe, that the executive branch is the proper locus of sovereignty and the one that is most legitimately linked with the people. It is also the only one with the capacity and speed to act in times of emergency.
  • Vermeule and Posner published two books, Terror in the Balance (2007) and Executive Unbound (2009), that brought Schmitt’s insights into the context of contemporary America and its global War on Terror. The books mount a robust defense of executive leeway, including the right to use “enhanced interrogation”—or, in layman’s terms, torture.
  • it is hard not to place him into a recognizable genealogy of liberal Protestants, ensconced in the mainstream intellectual culture of their day, who found their way to Rome. Jacques Maritain belongs in this camp, as do G.K. Chesterton and Alasdair MacIntyre. Like Vermeule, they brought the zeal of the convert with them, and were often more radical than cradle Catholics
  • one can find quite similar trajectories: deep engagement in mainstream, non-Catholic schools, which brought them to unresolvable contradictions. The Church offered them answers to questions they already had.
  • His scholarship with Sunstein and Posner labored mightily to persuade us that shreds of paper, be they constitutions or laws, were irrational guides to social betterment. And yet what was to take their place?
  • How can the state make decisions about ethical matters, which it must do, and why ought those decisions be viewed as legitimate? What, in the end, do citizens share with one another? These are first-order questions
  • Liberal individualism had always relied upon, and was even a relic of, constitutional legalism. The whole idea had been that law could structure social relations, allowing different cultures and religions to live in relative harmony. By depriving the law of this sort of social function, the law and economics circle opened up a vast new set of questions about how the social order might cohere.
  • Vermeule’s co-authors looked to the individual and her preferences, as stewarded by a free market and enlightened administrative agencies
  • Vermeule, however, came to see liberalism as purely destructive: as a set of tools and procedures whose primary purpose was to reshape social reality in its own image, steamrolling the virtues of the people in the name of individualism and science
  • he has begun to entertain dark visions about how the administrative state might coerce the unruly people toward virtue. He positively cites Joseph de Maistre, a Catholic critic of the French Revolution and fellow defender of torture. Vermeule dreams of a world in which we will “sear the liberal faith with hot irons” in order “to defeat and capture the hearts and minds of liberal agents.” A less honest thinker would be sure to remind readers that this is all meant metaphorically. Vermeule does no such thing and goes out of his way to assert that “coercion” ought to be on the table. There is only one way to read this: he is arguing that actual violence could legitimately be used to convert hearts and minds.
  • Vermeule’s theory, in Law’s Abnegation and elsewhere, has been that the modern state is not actually governed by law or courts but by administrative agencies like the Department of Homeland Security and the Department of Education. And his proposal in his more radical writings is that those agencies ought to be staffed by integralists who would bend the powers of the state in his desired direction.
  • “We have learned from behavioral economics,” he reminds us, that administrative agents can “nudge whole populations in desirable directions.” The theory that the state might “nudge” citizens toward more optimal outcomes, as defined by technocrats, is the famous theory developed by Sunstein
  • Vermeule is saying, if we are going to grant the administrative state the right to mold citizen behavior, why stop there? We might be nudged, he thinks, with hot irons; we might be nudged right back to the Inquisition.
  • He is not exactly a “populist” and is more committed to the reign of the Church than he is to that of the Republican Party. And yet, given his apologetics for the Eastern European regimes that are currently committed to gutting judiciaries and human rights protections, there is no doubt which side he will be on if or when the true moment of crisis arrives in our imperiled republic
  • Vermeule’s story shows us just how easily technocracy, by evacuating the moral center of our politics, can tip toward a moralizing authoritarianism that promises to restore one—how easily, in other words, Bloomberg might tip into Bonaparte.
Javier E

Ozempic or Bust - The Atlantic - 0 views

  • June 2024 Issue
  • Explore
  • it is impossible to know, in the first few years of any novel intervention, whether its success will last.
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  • The ordinary fixes—the kind that draw on people’s will, and require eating less and moving more—rarely have a large or lasting effect. Indeed, America itself has suffered through a long, maddening history of failed attempts to change its habits on a national scale: a yo-yo diet of well-intentioned treatments, policies, and other social interventions that only ever lead us back to where we started
  • Through it all, obesity rates keep going up; the diabetes epidemic keeps worsening.
  • The most recent miracle, for Barb as well as for the nation, has come in the form of injectable drugs. In early 2021, the Danish pharmaceutical company Novo Nordisk published a clinical trial showing remarkable results for semaglutide, now sold under the trade names Wegovy and Ozempic.
  • Patients in the study who’d had injections of the drug lost, on average, close to 15 percent of their body weight—more than had ever been achieved with any other drug in a study of that size. Wadden knew immediately that this would be “an incredible revolution in the treatment of obesity.”
  • Many more drugs are now racing through development: survodutide, pemvidutide, retatrutide. (Among specialists, that last one has produced the most excitement: An early trial found an average weight loss of 24 percent in one group of participants.
  • In the United States, an estimated 189 million adults are classified as having obesity or being overweight
  • The drugs don’t work for everyone. Their major side effects—nausea, vomiting, and diarrhea—can be too intense for many patients. Others don’t end up losing any weight
  • For the time being, just 25 percent of private insurers offer the relevant coverage, and the cost of treatment—about $1,000 a month—has been prohibitive for many Americans.
  • The drugs have already been approved not just for people with diabetes or obesity, but for anyone who has a BMI of more than 27 and an associated health condition, such as high blood pressure or cholesterol. By those criteria, more than 140 million American adults already qualify
  • if this story goes the way it’s gone for other “risk factor” drugs such as statins and antihypertensives, then the threshold for prescriptions will be lowered over time, inching further toward the weight range we now describe as “normal.”
  • How you view that prospect will depend on your attitudes about obesity, and your tolerance for risk
  • The first GLP-1 drug to receive FDA approval, exenatide, has been used as a diabetes treatment for more than 20 years. No long-term harms have been identified—but then again, that drug’s long-term effects have been studied carefully only across a span of seven years
  • the data so far look very good. “These are now being used, literally, in hundreds of thousands of people across the world,” she told me, and although some studies have suggested that GLP-1 drugs may cause inflammation of the pancreas, or even tumor growth, these concerns have not borne out.
  • adolescents are injecting newer versions of these drugs, and may continue to do so every week for 50 years or more. What might happen over all that time?
  • “All of us, in the back of our minds, always wonder, Will something show up?  ” Although no serious problems have yet emerged, she said, “you wonder, and you worry.”
  • in light of what we’ve been through, it’s hard to see what other choices still remain. For 40 years, we’ve tried to curb the spread of obesity and its related ailments, and for 40 years, we’ve failed. We don’t know how to fix the problem. We don’t even understand what’s really causing it. Now, again, we have a new approach. This time around, the fix had better work.
  • The fen-phen revolution arrived at a crucial turning point for Wadden’s field, and indeed for his career. By then he’d spent almost 15 years at the leading edge of research into dietary interventions, seeing how much weight a person might lose through careful cutting of their calories.
  • But that sort of diet science—and the diet culture that it helped support—had lately come into a state of ruin. Americans were fatter than they’d ever been, and they were giving up on losing weight. According to one industry group, the total number of dieters in the country declined by more than 25 percent from 1986 to 1991.
  • Rejecting diet culture became something of a feminist cause. “A growing number of women are joining in an anti-diet movement,” The New York Times reported in 1992. “They are forming support groups and ceasing to diet with a resolve similar to that of secretaries who 20 years ago stopped getting coffee for their bosses.
  • Now Wadden and other obesity researchers were reaching a consensus that behavioral interventions might produce in the very best scenario an average lasting weight loss of just 5 to 10 percent
  • National surveys completed in 1994 showed that the adult obesity rate had surged by more than half since 1980, while the proportion of children classified as overweight had doubled. The need for weight control in America had never seemed so great, even as the chances of achieving it were never perceived to be so small.
  • Wadden wasn’t terribly concerned, because no one in his study had reported any heart symptoms. But ultrasounds revealed that nearly one-third of them had some degree of leakage in their heart valves. His “cure for obesity” was in fact a source of harm.
  • In December 1994, the Times ran an editorial on what was understood to be a pivotal discovery: A genetic basis for obesity had finally been found. Researchers at Rockefeller University were investigating a molecule, later named leptin, that gets secreted from fat cells and travels to the brain, and that causes feelings of satiety. Lab mice with mutations in the leptin gene—importantly, a gene also found in humans—overeat until they’re three times the size of other mice. “The finding holds out the dazzling hope,”
  • In April 1996, the doctors recommended yes: Dexfenfluramine was approved—and became an instant blockbuster. Patients received prescriptions by the hundreds of thousands every month. Sketchy wellness clinics—call toll-free, 1-888-4FEN-FEN—helped meet demand. Then, as now, experts voiced concerns about access. Then, as now, they worried that people who didn’t really need the drugs were lining up to take them. By the end of the year, sales of “fen” alone had surpassed $300 million.
  • It was nothing less than an awakening, for doctors and their patients alike. Now a patient could be treated for excess weight in the same way they might be treated for diabetes or hypertension—with a drug they’d have to take for the rest of their life.
  • the article heralded a “new understanding of obesity as a chronic disease rather than a failure of willpower.”
  • News had just come out that, at the Mayo Clinic in Minnesota, two dozen women taking fen-phen—including six who were, like Barb, in their 30s—had developed cardiac conditions. A few had needed surgery, and on the operating table, doctors discovered that their heart valves were covered with a waxy plaque.
  • Americans had been prescribed regular fenfluramine since 1973, and the newer drug, dexfenfluramine, had been available in France since 1985. Experts took comfort in this history. Using language that is familiar from today’s assurances regarding semaglutide and other GLP-1 drugs, they pointed out that millions were already on the medication. “It is highly unlikely that there is anything significant in toxicity to the drug that hasn’t been picked up with this kind of experience,” an FDA official named James Bilstad would later say in a Time cover story headlined “The Hot New Diet Pill.
  • “I know I can’t get any more,” she told Williams. “I have to use up what I have. And then I don’t know what I’m going to do after that. That’s the problem—and that is what scares me to death.” Telling people to lose weight the “natural way,” she told another guest, who was suggesting that people with obesity need only go on low-carb diets, is like “asking a person with a thyroid condition to just stop their medication.”
  • She’d gone off the fen-phen and had rapidly regained weight. “The voices returned and came back in a furor I’d never heard before,” Barb later wrote on her blog. “It was as if they were so angry at being silenced for so long, they were going to tell me 19 months’ worth of what they wanted me to hear. I was forced to listen. And I ate. And I ate. And ate.”
  • For Barb, rapid weight loss has brought on a different metaphysical confusion. When she looks in the mirror, she sometimes sees her shape as it was two years ago. In certain corners of the internet, this is known as “phantom fat syndrome,” but Barb dislikes that term. She thinks it should be called “body integration syndrome,” stemming from a disconnect between your “larger-body memory” and “smaller-body reality.
  • In 2003, the U.S. surgeon general declared obesity “the terror within, a threat that is every bit as real to America as the weapons of mass destruction”; a few months later, Eric Finkelstein, an economist who studies the social costs of obesity, put out an influential paper finding that excess weight was associated with up to $79 billion in health-care spending in 1998, of which roughly half was paid by Medicare and Medicaid. (Later he’d conclude that the number had nearly doubled in a decade.
  • In 2004, Finkelstein attended an Action on Obesity summit hosted by the Mayo Clinic, at which numerous social interventions were proposed, including calorie labeling in workplace cafeterias and mandatory gym class for children of all grades.
  • he message at their core, that soda was a form of poison like tobacco, spread. In San Francisco and New York, public-service campaigns showed images of soda bottles pouring out a stream of glistening, blood-streaked fat. Michelle Obama led an effort to depict water—plain old water—as something “cool” to drink.
  • Soon, the federal government took up many of the ideas that Brownell had helped popularize. Barack Obama had promised while campaigning for president that if America’s obesity trends could be reversed, the Medicare system alone would save “a trillion dollars.” By fighting fat, he implied, his ambitious plan for health-care reform would pay for itself. Once he was in office, his administration pulled every policy lever it could.
  • Michelle Obama helped guide these efforts, working with marketing experts to develop ways of nudging kids toward better diets and pledging to eliminate “food deserts,” or neighborhoods that lacked convenient access to healthy, affordable food. She was relentless in her public messaging; she planted an organic garden at the White House and promoted her signature “Let’s Move!” campaign around the country.
  • An all-out war on soda would come to stand in for these broad efforts. Nutrition studies found that half of all Americans were drinking sugar-sweetened beverages every day, and that consumption of these accounted for one-third of the added sugar in adults’ diets. Studies turned up links between people’s soft-drink consumption and their risks for type 2 diabetes and obesity. A new strand of research hinted that “liquid calories” in particular were dangerous to health.
  • when their field lost faith in low-calorie diets as a source of lasting weight loss, the two friends went in opposite directions. Wadden looked for ways to fix a person’s chemistry, so he turned to pharmaceuticals. Brownell had come to see obesity as a product of our toxic food environment: He meant to fix the world to which a person’s chemistry responded, so he started getting into policy.
  • The social engineering worked. Slowly but surely, Americans’ lamented lifestyle began to shift. From 2001 to 2018, added-sugar intake dropped by about one-fifth among children, teens, and young adults. From the late 1970s through the early 2000s, the obesity rate among American children had roughly tripled; then, suddenly, it flattened out.
  • although the obesity rate among adults was still increasing, its climb seemed slower than before. Americans’ long-standing tendency to eat ever-bigger portions also seemed to be abating.
  • sugary drinks—liquid candy, pretty much—were always going to be a soft target for the nanny state. Fixing the food environment in deeper ways proved much harder. “The tobacco playbook pretty much only works for soda, because that’s the closest analogy we have as a food item,
  • that tobacco playbook doesn’t work to increase consumption of fruits and vegetables, he said. It doesn’t work to increase consumption of beans. It doesn’t work to make people eat more nuts or seeds or extra-virgin olive oil.
  • Careful research in the past decade has shown that many of the Obama-era social fixes did little to alter behavior or improve our health. Putting calorie labels on menus seemed to prompt at most a small decline in the amount of food people ate. Employer-based wellness programs (which are still offered by 80 percent of large companies) were shown to have zero tangible effects. Health-care spending, in general, kept going up.
  • From the mid-1990s to the mid-2000s, the proportion of adults who said they’d experienced discrimination on account of their height or weight increased by two-thirds, going up to 12 percent. Puhl and others started citing evidence that this form of discrimination wasn’t merely a source of psychic harm, but also of obesity itself. Studies found that the experience of weight discrimination is associated with overeating, and with the risk of weight gain over time.
  • obesity rates resumed their ascent. Today, 20 percent of American children have obesity. For all the policy nudges and the sensible revisions to nutrition standards, food companies remain as unfettered as they were in the 1990s, Kelly Brownell told me. “Is there anything the industry can’t do now that it was doing then?” he asked. “The answer really is no. And so we have a very predictable set of outcomes.”
  • she started to rebound. The openings into her gastric pouch—the section of her stomach that wasn’t bypassed—stretched back to something like their former size. And Barb found ways to “eat around” the surgery, as doctors say, by taking food throughout the day in smaller portions
  • Bariatric surgeries can be highly effective for some people and nearly useless for others. Long-term studies have found that 30 percent of those who receive the same procedure Barb did regain at least one-quarter of what they lost within two years of reaching their weight nadir; more than half regain that much within five years.
  • if the effects of Barb’s surgery were quickly wearing off, its side effects were not: She now had iron, calcium, and B12 deficiencies resulting from the changes to her gut. She looked into getting a revision of the surgery—a redo, more or less—but insurance wouldn’t cover it
  • She found that every health concern she brought to doctors might be taken as a referendum, in some way, on her body size. “If I stubbed my toe or whatever, they’d just say ‘Lose weight.’ ” She began to notice all the times she’d be in a waiting room and find that every chair had arms. She realized that if she was having a surgical procedure, she’d need to buy herself a plus-size gown—or else submit to being covered with a bedsheet when the nurses realized that nothing else would fit.
  • Barb grew angrier and more direct about her needs—You’ll have to find me a different chair, she started saying to receptionists. Many others shared her rage. Activists had long decried the cruel treatment of people with obesity: The National Association to Advance Fat Acceptance had existed, for example, in one form or another, since 1969; the Council on Size & Weight Discrimination had been incorporated in 1991. But in the early 2000s, the ideas behind this movement began to wend their way deeper into academia, and they soon gained some purchase with the public.
  • “Our public-health efforts to address obesity have failed,” Eric Finkelstein, the economist, told me.
  • Others attacked the very premise of a “healthy weight”: People do not have any fundamental need, they argued, morally or medically, to strive for smaller bodies as an end in itself. They called for resistance to the ideology of anti-fatness, with its profit-making arms in health care and consumer goods. The Association for Size Diversity and Health formed in 2003; a year later, dozens of scholars working on weight-related topics joined together to create the academic field of fat studies.
  • As the size-diversity movement grew, its values were taken up—or co-opted—by Big Business. Dove had recently launched its “Campaign for Real Beauty,” which included plus-size women. (Ad Age later named it the best ad campaign of the 21st century.) People started talking about “fat shaming” as something to avoid
  • By 2001, Bacon, who uses they/them pronouns, had received their Ph.D. and finished a rough draft of a book, Health at Every Size, which drew inspiration from a broader movement by that name among health-care practitioners
  • But something shifted in the ensuing years. In 2007, Bacon got a different response, and the book was published. Health at Every Size became a point of entry for a generation of young activists and, for a time, helped shape Americans’ understanding of obesity.
  • Some experts were rethinking their advice on food and diet. At UC Davis, a physiologist named Lindo Bacon who had struggled to overcome an eating disorder had been studying the effects of “intuitive eating,” which aims to promote healthy, sustainable behavior without fixating on what you weigh or how you look
  • The heightened sensitivity started showing up in survey data, too. In 2010, fewer than half of U.S. adults expressed support for giving people with obesity the same legal protections from discrimination offered to people with disabilities. In 2015, that rate had risen to three-quarters.
  • In Bacon’s view, the 2000s and 2010s were glory years. “People came together and they realized that they’re not alone, and they can start to be critical of the ideas that they’ve been taught,” Bacon told me. “We were on this marvelous path of gaining more credibility for the whole Health at Every Size movement, and more awareness.”
  • that sense of unity proved short-lived; the movement soon began to splinter. Black women have the highest rates of obesity, and disproportionately high rates of associated health conditions. Yet according to Fatima Cody Stanford, an obesity-medicine physician at Harvard Medical School, Black patients with obesity get lower-quality care than white patients with obesity.
  • That system was exactly what Bacon and the Health at Every Size movement had set out to reform. The problem, as they saw it, was not so much that Black people lacked access to obesity medicine, but that, as Bacon and the Black sociologist Sabrina Strings argued in a 2020 article, Black women have been “specifically targeted” for weight loss, which Bacon and Strings saw as a form of racism
  • But members of the fat-acceptance movement pointed out that their own most visible leaders, including Bacon, were overwhelmingly white. “White female dietitians have helped steal and monetize the body positive movement,” Marquisele Mercedes, a Black activist and public-health Ph.D. student, wrote in September 2020. “And I’m sick of it.”
  • Tensions over who had the standing to speak, and on which topics, boiled over. In 2022, following allegations that Bacon had been exploitative and condescending toward Black colleagues, the Association for Size Diversity and Health expelled them from its ranks and barred them from attending its events.
  • As the movement succumbed to in-fighting, its momentum with the public stalled. If attitudes about fatness among the general public had changed during the 2000s and 2010s, it was only to a point. The idea that some people can indeed be “fit but fat,” though backed up by research, has always been a tough sell.
  • Although Americans had become less inclined to say they valued thinness, measures of their implicit attitudes seemed fairly stable. Outside of a few cities such as San Francisco and Madison, Wisconsin, new body-size-discrimination laws were never passed.
  • In the meantime, thinness was coming back into fashion
  • In the spring of 2022, Kim Kardashian—whose “curvy” physique has been a media and popular obsession—boasted about crash-dieting in advance of the Met Gala. A year later, the model and influencer Felicity Hayward warned Vogue Business that “plus-size representation has gone backwards.” In March of this year, the singer Lizzo, whose body pride has long been central to her public persona, told The New York Times that she’s been trying to lose weight. “I’m not going to lie and say I love my body every day,” she said.
  • Among the many other dramatic effects of the GLP-1 drugs, they may well have released a store of pent-up social pressure to lose weight.
  • If ever there was a time to debate that impulse, and to question its origins and effects, it would be now. But Puhl told me that no one can even agree on which words are inoffensive. The medical field still uses obesity, as a description of a diagnosable disease. But many activists despise that phrase—some spell it with an asterisk in place of the e—and propose instead to reclaim fat.
  • Everyone seems to agree on the most important, central fact: that we should be doing everything we can to limit weight stigma. But that hasn’t been enough to stop the arguing.
  • Things feel surreal these days to just about anyone who has spent years thinking about obesity. At 71, after more than four decades in the field, Thomas Wadden now works part-time, seeing patients just a few days a week. But the arrival of the GLP-1 drugs has kept him hanging on for a few more years, he said. “It’s too much of an exciting period to leave obesity research right now.”
  • When everyone is on semaglutide or tirzepatide, will the soft-drink companies—Brownell’s nemeses for so many years—feel as if a burden has been lifted? “My guess is the food industry is probably really happy to see these drugs come along,” he said. They’ll find a way to reach the people who are taking GLP‑1s, with foods and beverages in smaller portions, maybe. At the same time, the pressures to cut back on where and how they sell their products will abate.
  • the triumph in obesity treatment only highlights the abiding mystery of why Americans are still getting fatter, even now
  • Perhaps one can lay the blame on “ultraprocessed” foods, he said. Maybe it’s a related problem with our microbiomes. Or it could be that obesity, once it takes hold within a population, tends to reproduce itself through interactions between a mother and a fetus. Others have pointed to increasing screen time, how much sleep we get, which chemicals are in the products that we use, and which pills we happen to take for our many other maladies.
  • “The GLP-1s are just a perfect example of how poorly we understand obesity,” Mozaffarian told me. “Any explanation of why they cause weight loss is all post-hoc hand-waving now, because we have no idea. We have no idea why they really work and people are losing weight.”
  • The new drugs—and the “new understanding of obesity” that they have supposedly occasioned—could end up changing people’s attitudes toward body size. But in what ways
  • When the American Medical Association declared obesity a disease in 2013, Rebecca Puhl told me, some thought “it might reduce stigma, because it was putting more emphasis on the uncontrollable factors that contribute to obesity.” Others guessed that it would do the opposite, because no one likes to be “diseased.”
  • why wasn’t there another kind of nagging voice that wouldn’t stop—a sense of worry over what the future holds? And if she wasn’t worried for herself, then what about for Meghann or for Tristan, who are barely in their 40s? Wouldn’t they be on these drugs for another 40 years, or even longer? But Barb said she wasn’t worried—not at all. “The technology is so much better now.” If any problems come up, the scientists will find solutions.
Javier E

What Is Middle Class in Manhattan? - NYTimes.com - 0 views

  • middle-class neighborhoods do not really exist in Manhattan
  • “When we got here, I didn’t feel so out of place, I didn’t have this awareness of being middle class,” she said. But in the last 5 or 10 years an array of high-rises brought “uberwealthy” neighbors, she said, the kind of people who discuss winter trips to St. Barts at the dog run, and buy $700 Moncler ski jackets for their children.
  • Even the local restaurants give Ms. Azeez the sense that she is now living as an economic minority in her own neighborhood. “There’s McDonald’s, Mexican and Nobu,” she said, and nothing in between.
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  • In a city like New York, where everything is superlative, who exactly is middle class?
  • “My niece just bought a home in Atlanta for $85,000,” she said. “I almost spend that on rent and utilities in a year.
  • “Housing has always been one of the ways the middle class has defined itself, by the ability to own your own home. But in New York, you didn’t have to own.” There is no stigma, he said, to renting a place you can afford only because it is rent-regulated; such a situation is even considered enviable.
  • “It’s overwhelmingly housing — that’s the big distortion relative to other places,” said Frank Braconi, the chief economist in the New York City comptroller’s office. “Virtually everything costs more, but not to the degree that housing does.”
  • The average Manhattan apartment, at $3,973 a month, costs almost $2,800 more than the average rental nationwide. The average sale price of a home in Manhattan last year was $1.46 million, according to a recent Douglas Elliman report, while the average sale price for a new home in the United States was just under $230,000.
  • New Yorkers also live in a notably unequal place. Household incomes in Manhattan are about as evenly distributed as they are in Bolivia or Sierra Leone — the wealthiest fifth of Manhattanites make 40 times more than the lowest fifth, according to 2010 census data.
  • There is no single, formal definition of class status in this country. Statisticians and demographers all use slightly different methods to divvy up the great American whole into quintiles and median ranges. Complicating things, most people like to think of themselves as middle class. It feels good, after all, and more egalitarian than proclaiming yourself to be rich or poor. A $70,000 annual income is middle class for a family of four, according to the median response in a recent Pew Research Center survey, and yet people at a wide range of income levels, including those making less than $30,000 and more than $100,000 a year, said they, too, belonged to the middle.
  • “You could still go into a bar in Manhattan and virtually everyone will tell you they’re middle class,” said Daniel J. Walkowitz, an urban historian at New York University.
  • The price tag for life’s basic necessities — everything from milk to haircuts to Lipitor to electricity, and especially housing — is more than twice the national average.
  • If the money you live on is coming from any kind of investment or dividend, you are probably not middle class, according to Mr. Braconi.
  • Without the clear badge of middle-class membership — a home mortgage — it is hard to say where a person fits on the class continuum. So let’s consider the definition of “middle class” through five different lenses.
  • If you live in Manhattan and you are making more than $790,000 a year, then congratulations, you are the 1 percent.
  • “Understanding who is middle class, in New York, but especially Manhattan, is all about when you got into the real estate market,” he said. “If you bought an apartment prior to 2000, or have long been in a rent-stabilized apartment, you could probably be a teacher in Manhattan and be solidly middle class. But if you bought or started renting in a market-rate apartment over the last 5 or 10 years, you could probably be a management consultant and barely have any savings.”
  • By the same formula — measuring by who sits in the middle of the income spectrum — Manhattan’s middle class exists somewhere between $45,000 and $134,000.
  • But if you are defining middle class by lifestyle, to accommodate the cost of living in Manhattan, that salary would have to fall between $80,000 and $235,000. This means someone making $70,000 a year in other parts of the country would need to make $166,000 in Manhattan to enjoy the same purchasing power.
  • Using the rule of thumb that buyers should expect to spend two and a half times their annual salary on a home purchase, the properties in Manhattan that could be said to be middle class would run between $200,000 and $588,000.
  • On the low end, the pickings are slim. The least expensive properties are mostly uptown, in neighborhoods like Yorkville, Washington Heights and Inwood. The most pleasing options in this range, however, are one-bedroom apartments not designed for children or families.
  • “There’s no room for the earlier version of the middle class,” Mr. Walkowitz said. Firefighter, police officer, teacher and manufacturing worker all used to be professions that could lift a family into its ranks. But those kinds of jobs have long left people unable to keep up with soaring real estate prices.
  • Positions that would nudge a family into the upper class elsewhere — say, vice president or director of strategy — and professions like psychologist are solidly middle class in Manhattan.
  • The same holds true for jobs in higher education, a growth sector for the city. The average tenured university professor at New York University or Columbia makes more than $180,000 a year, according to a 2012 survey by The Chronicle of Higher Education. Sweetening the deal for those looking to buy, N.Y.U. has offered mortgage assistance and discounted loans, while qualified Columbia faculty are eligible for a subsidy of up to $40,000 a year. Some faculty members benefit from university housing that rents well below the market rate, in prime locations on the Upper West Side and in Greenwich Village.
  • Because her building is owned by Columbia, her rent, about $1,800 a month, is manageable on an associate professor’s salary, which averages about $125,000. A similar market-rate apartment on the Upper West Side costs about $6,000 a month,
  • One way to stay in Manhattan as a member of the middle class is to be in a relationship. Couples can split the cost of a one-bedroom apartment, along with utilities and takeout meals. But adding small roommates, especially the kind that do not contribute to rent, creates perhaps the single greatest obstacle to staying in the city.
  • Only 17 percent of Manhattan households have children, according to census data. That is almost half the national average, making little ones the ultimate deal-breaker for otherwise die-hard middle-class Manhattanites.
  • By one measure, in cities like Houston or Phoenix — places considered by statisticians to be more typical of average United States incomes than New York — a solidly middle-class life can be had for wages that fall between $33,000 and $100,000 a year.
  • “The only artists I know now who are still in Manhattan,” she said, “either made it big and bought, or are still in the rent-controlled studios they landed in 1976, and will leave in a coffin.”
  • People define class as much by association and culture as they do by raw numbers — a sense, more than anything, of baseline financial security garnished by an occasional luxury like a vacation, and a belief that things can get better through hard work and determination.
  • In the last decade, the percentage of people who are paying “unaffordable rents” (defined as more than 30 percent of their income) has increased significantly, according to a report issued in September by the city’s comptroller.
  • The only young people she sees moving in around her are often buoyed by parental support, given an apartment at graduation the way she was given a Seiko watch. As her own friends and neighbors age or die out, she wonders, “who is going to take our place?”
ethanmoser

Millions buying insurance outside exchanges amid ObamaCare woes | Fox News - 0 views

  • Millions buying insurance outside exchanges amid ObamaCare woes
  • While premiums are set to rise by double digits on the ObamaCare exchanges, millions of Americans already have made the decision to abandon the markets altogether and shop for health care on their own
  • “If it is a bad year in the exchanges and the ship is sinking, people will figure out a way to find a life raft,” said Tom Miller, a resident fellow at the American Enterprise Institute.
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  • I do not see them fleeing in large numbers.”
  • premiums are set to rise an average of 25 percent next year. The selection of health plans on the exchanges is also shrinking.
  • Customers bolting the exchanges won’t necessarily avoid the rising premiums by shopping “off-marketplace.”
  • The big downside to shopping off the exchanges is that customers would not receive insurance subsidies. But for customers who wouldn’t qualify for subsidies anyway, shopping off the exchanges potentially gives them more options – including, in some cases, cheaper plans.
  • a total of 6.9 million people are getting insurance in the individual market outside the exchanges.
  • about 11.1 million people are enrolled in ObamaCare exchange plans, with 9.4 million of them getting premium subsidies.
  • HHS report seemed to be nudging people back toward the exchanges, noting that roughly a third of those avoiding the exchanges potentially could qualify for subsidies.
  • “millions of them may qualify for financial assistance that would let them purchase coverage and health care at lower cost” if they returned to the ObamaCare fold.
  • millions of them may qualify for financial assistance that would let them purchase coverage and health care at lower cost” if they returned to the ObamaCare fold.
  • Both marketplaces, for example, require covering individuals with pre-existing conditions.
  • The estimated number of insurance providers available on the exchanges for next year is 167, a net decrease of 68.
  • The decline in choice alone could result in more consumers leaving, even if they have to pay higher costs outside the market, in order to keep their doctor.
  • The HHS study noted that some of the 6.9 million shopping off-market also could qualify for Medicaid programs, which were expanded in many states.
  • Just for 2016, we know rates are going up in exchange plans,
alexdeltufo

Clinton slams Trump's immigration plans, nudges Sanders to exit race in L.A. stops - LA... - 0 views

  • Every election is a choice,” she said, noting that Trump “doubled down” on his plans to create a deportation force to round up people in the country illegally,
  • We're going to end raids and round-ups. We're going to keep families together. We know we've got work to do but I think winning the election will really set that in motion, don't you?"
  • Clinton said she is more than three million votes and nearly 300 pledged delegates ahead of Sanders. I
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  • A handful of Sanders supporters unsuccessfully tried to interrupt her evening speech, and scores more protested outside. Clinton,
  • Clinton said Trump is dangerous and divisive and does not listen to people. He would wreck the economy, try to repeal the Affordable Care Act and would allow other nations to obtain nuclear weapons, she said.
Javier E

What sort of Toryism will emerge from this fractious upheaval? | Eliza Filby | Opinion ... - 0 views

  • . A new Conservative government will soon emerge, one that has a parliamentary majority and will be faced with a Labour party that is either in the process of disintegrating or reeling from the shockwaves of internal turmoil
  • The Conservative government will charge forward with reform concurrent with the European negotiations so as to avoid the next election being simply a referendum on the Brexit settlement.
  • The key question is whether anything has happened in the last seven days to rupture the Osborne-Cameron consensus? Is there still a one-nation will existing within the party?
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  • Under David Cameron, the Tories came to rediscover what Labour seems to have forgotten, namely that elections are fought and won on the centre ground. It is possible to nudge the dial a little, but victory can only be achieved by straddling the centre while appeasing your core.
  • this is a lesson that is deep rooted within the party. One of Cameron’s greatest strengths was his longevity; as leader for over a decade, he was able to make significant progress in reshaping the parliamentary party in his own image
  • One of the outcomes of the referendum has been to prompt a new realignment within the party. The old Thatcherite v one-nation split, which admittedly has long been on the wane, has now firmly recrystallised around the new labels of Remainer and Leaver. So the present leadership contest is essentially a battle between one-nation Conservatives with only Liam Fox, the stand-alone candidate from the old school.
  • It will be one-nation Tories who will be in charge of making Brexit a reality.
  • Brexit can only be part of the solution. An agenda of social reform, which addresses some of the frustrations and divisions that the vote unmasked, is politically necessar
  • the referendum debate has provided the rationale and opportunity (given Labour’s dire state) for Cameron Conservatism to be fully realised.
  • First, it requires a more robust one-nation vision. One that moves away from offering cosy reassurances to metropolitan liberals that the Conservatives are no longer the “nasty party” (which was essentially what legalising gay marriage did) to one that addresses the concerns of those in Britain’s deindustralised heartlands
  • , a one-nation Conservative agenda cannot be seen to enact a divide, as much of Thatcher’s social reform did, between the deserving and undeserving poor or, worse, heed the Ukip agenda, creating a division between immigrants and the indigenous population.
  • When Conservatives such as Gove talk about social reform, they tend to centre on the individual, policies that help people realise their potential through opportunity. But surely, if the referendum has revealed anything, political capital needs to be realised at a community rather than individual level.
  • Second, the fate of whoever wins the leadership will depend almost entirely on how he or she negotiates Brexit and specifically, what is crucially the central plank of the deal – the balancing of freedom of movement with the freedom to trade. This will not be easy
  • If people start feeling that Brexit has not worked for them and do not soon see increases in wages, improved access to social services and a restriction on immigration then the political backlash will begin in earnest
  • If the public gets any whiff of a whitewash or if the government is seen to have sold Britain short in any way, the narrative of the “Great Betrayal” will be scripted long before the election.
  • Third, the fortunes of one-nation Conservatism will depend largely on the fortunes of the Labour party.
  • if under new leadership, Labour was somehow able to resuscitate itself and make a direct charge for the centre ground, a credible revival is still possible.
  • Cameron inadvertently has achieved his chief goal: to stop the Tories banging on about Europe.
abbykleman

For Religious Conservatives, Success and Access at the Trump White House - 0 views

  •  
    Mr. Trump, a profane, bombastic, thrice-married New Yorker, may not have been the candidate many religious conservatives prayed would win the White House. But the mutually beneficial arrangement he has nurtured with the Christian right is already starting to nudge the government in a more conservative direction.
Javier E

Study Finds 50-Year Burst of Tropical Eruptions Spawned Enduring 'Little Ice Age' - NYT... - 2 views

  • “Abrupt onset of the Little Ice Age triggered by volcanism and sustained by sea-ice/ocean feedbacks.” The paper uses evidence and modeling to explain how the sun-blocking impact from a 50-year stretch of unusually intense eruptions of four tropical volcanoes caused sufficient cooling to produce a long-lasting shift in the generation and migration of Arctic Ocean sea ice, with substantial consequences for the Northern Hemisphere climate that lasted centuries and left a deep imprint on European history
  •  
    Small changes cause long-term climate changes.
Javier E

Why the Rich Are So Much Richer by James Surowiecki | The New York Review of Books - 0 views

  • Historically, inequality was not something that academic economists, at least in the dominant neoclassical tradition, worried much about. Economics was about production and allocation, and the efficient use of scarce resources. It was about increasing the size of the pie, not figuring out how it should be divided.
  • “Of the tendencies that are harmful to sound economics, the most seductive, and…the most poisonous, is to focus on questions of distribution.”
  • Stiglitz argues, what we’re stuck with isn’t really capitalism at all, but rather an “ersatz” version of the system.
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  • Stiglitz has made the case that the rise in inequality in the US, far from being the natural outcome of market forces, has been profoundly shaped by “our policies and our politics,” with disastrous effects on society and the economy as a whole. In a recent report for the Roosevelt Institute called Rewriting the Rules, Stiglitz has laid out a detailed list of reforms that he argues will make it possible to create “an economy that works for everyone.”
  • his entire career in academia has been devoted to showing how markets cannot always be counted on to produce ideal results. In a series of enormously important papers, for which he would eventually win the Nobel Prize, Stiglitz showed how imperfections and asymmetries of information regularly lead markets to results that do not maximize welfare.
  • He also argued that this meant, at least in theory, that well-placed government interventions could help correct these market failures
  • in books like Globalization and Its Discontents (2002) he offered up a stinging critique of the way the US has tried to manage globalization, a critique that made him a cult hero in much of the developing world
  • Stiglitz has been one of the fiercest critics of the way the Eurozone has handled the Greek debt crisis, arguing that the so-called troika’s ideological commitment to austerity and its opposition to serious debt relief have deepened Greece’s economic woes and raised the prospect that that country could face “depression without end.”
  • For Stiglitz, the fight over Greece’s future isn’t just about the right policy. It’s also about “ideology and power.
  • there’s a good case to be made that the sheer amount of rent-seeking in the US economy has expanded over the years. The number of patents is vastly greater than it once was. Copyright terms have gotten longer. Occupational licensing rules (which protect professionals from competition) are far more common. Tepid antitrust enforcement has led to reduced competition in many industries
  • The Great Divide is somewhat fragmented and repetitive, but it has a clear thesis, namely that inequality in the US is not an unfortunate by-product of a well-functioning economy. Instead, the enormous riches at the top of the income ladder are largely the result of the ability of the one percent to manipulate markets and the political process to their own benefit.
  • Inequality obviously has no single definition. As Stiglitz writes:There are so many different parts to America’s inequality: the extremes of income and wealth at the top, the hollowing out of the middle, the increase of poverty at the bottom. Each has its own causes, and needs its own remedies.
  • his preoccupation here is primarily with why the rich today are so much richer than they used to be.
  • the main reason people at the top are so much richer these days than they once were (and so much richer than everyone else) is not that they own so much more capital: it’s that they get paid much more for their work than they once did, while everyone else gets paid about the same, or less
  • while incomes at the top have risen in countries around the world, nowhere have they risen faster than in the US.
  • One oft-heard justification of this phenomenon is that the rich get paid so much more because they are creating so much more value than they once did
  • as companies have gotten bigger, the potential value that CEOs can add has increased as well, driving their pay higher.
  • Stiglitz will have none of this. He sees the boom in the incomes of the one percent as largely the result of what economists call “rent-seeking.”
  • from the perspective of the economy as a whole, rent-seeking is a waste of time and energy. As Stiglitz puts it, the economy suffers when “more efforts go into ‘rent seeking’—getting a larger slice of the country’s economic pie—than into enlarging the size of the pie.”
  • The work of Piketty and his colleague Emmanuel Saez has been instrumental in documenting the rise of income inequality, not just in the US but around the world. Major economic institutions, like the IMF and the OECD, have published studies arguing that inequality, far from enhancing economic growth, actually damages it. And it’s now easy to find discussions of the subject in academic journals.
  • . After all, while pretax inequality is a problem in its own right, what’s most destructive is soaring posttax inequality. And it’s posttax inequality that most distinguishes the US from other developed countries
  • All this rent-seeking, Stiglitz argues, leaves certain industries, like finance and pharmaceuticals, and certain companies within those industries, with an outsized share of the rewards
  • within those companies, the rewards tend to be concentrated as well, thanks to what Stiglitz calls “abuses of corporate governance that lead CEOs to take a disproportionate share of corporate profits” (another form of rent-seeking)
  • This isn’t just bad in some abstract sense, Stiglitz suggests. It also hurts society and the economy
  • It alienates people from the system. And it makes the rich, who are obviously politically influential, less likely to support government investment in public goods (like education and infrastructure) because those goods have little impact on their lives.
  • More interestingly (and more contentiously), Stiglitz argues that inequality does serious damage to economic growth: the more unequal a country becomes, the slower it’s likely to grow. He argues that inequality hurts demand, because rich people consume less of their incomes. It leads to excessive debt, because people feel the need to borrow to make up for their stagnant incomes and keep up with the Joneses. And it promotes financial instability, as central banks try to make up for stagnant incomes by inflating bubbles, which eventually burst
  • exactly why inequality is bad for growth turns out to be hard to pin down—different studies often point to different culprits. And when you look at cross-country comparisons, it turns out to be difficult to prove that there’s a direct connection between inequality and the particular negative factors that Stiglitz cites
  • This doesn’t mean that, as conservative economists once insisted, inequality is good for economic growth. In fact, it’s clear that US-style inequality does not help economies grow faster, and that moving toward more equality will not do any damage
  • Similarly, Stiglitz’s relentless focus on rent-seeking as an explanation of just why the rich have gotten so much richer makes a messy, complicated problem simpler than it is
  • When we talk about the one percent, we’re talking about two groups of people above all: corporate executives and what are called “financial professionals” (these include people who work for banks and the like, but also money managers, financial advisers, and so on)
  • The emblematic figures here are corporate CEOs, whose pay rose 876 percent between 1978 and 2012, and hedge fund managers, some of whom now routinely earn billions of dollars a year
  • Shareholders, meanwhile, had fewer rights and were less active. Since then, we’ve seen a host of reforms that have given shareholders more power and made boards more diverse and independent. If CEO compensation were primarily the result of bad corporate governance, these changes should have had at least some effect. They haven’t. In fact, CEO pay has continued to rise at a brisk rate
  • So what’s really going on? Something much simpler: asset managers are just managing much more money than they used to, because there’s much more capital in the markets than there once was
  • that means that an asset manager today can get paid far better than an asset manager was twenty years ago, even without doing a better job.
  • there’s no convincing evidence that CEOs are any better, in relative terms, than they once were, and plenty of evidence that they are paid more than they need to be, in view of their performance. Similarly, asset managers haven’t gotten better at beating the market.
  • More important, probably, has been the rise of ideological assumptions about the indispensability of CEOs, and changes in social norms that made it seem like executives should take whatever they could get.
  • It actually has important consequences for thinking about how we can best deal with inequality. Strategies for reducing inequality can be generally put into two categories: those that try to improve the pretax distribution of income (this is sometimes called, clunkily, predistribution) and those that use taxes and transfers to change the post-tax distribution of income
  • he has high hopes that better rules, designed to curb rent-seeking, will have a meaningful impact on the pretax distribution of income. Among other things, he wants much tighter regulation of the financial sector
  • t it would be surprising if these rules did all that much to shrink the income of much of the one percent, precisely because improvements in corporate governance and asset managers’ transparency are likely to have a limited effect on CEO salaries and money managers’ compensation.
  • Most importantly, the financial industry is now a much bigger part of the US economy than it was in the 1970s, and for Stiglitz, finance profits are, in large part, the result of what he calls “predatory rent-seeking activities,” including the exploitation of uninformed borrowers and investors, the gaming of regulatory schemes, and the taking of risks for which financial institutions don’t bear the full cost (because the government will bail them out if things go wrong).
  • The redistributive policies Stiglitz advocates look pretty much like what you’d expect. On the tax front, he wants to raise taxes on the highest earners and on capital gains, institute a carbon tax and a financial transactions tax, and cut corporate subsidies
  • It’s also about investing. As he puts it, “If we spent more on education, health, and infrastructure, we would strengthen our economy, now and in the future.” So he wants more investment in schools, infrastructure, and basic research.
  • The core insight of Stiglitz’s research has been that, left on their own, markets are not perfect, and that smart policy can nudge them in better directions.
  • Of course, the political challenge in doing any of this (let alone all of it) is immense, in part because inequality makes it harder to fix inequality. And even for progressives, the very familiarity of the tax-and-transfer agenda may make it seem less appealing.
  • the policies that Stiglitz is calling for are, in their essence, not much different from the policies that shaped the US in the postwar era: high marginal tax rates on the rich and meaningful investment in public infrastructure, education, and technology. Yet there’s a reason people have never stopped pushing for those policies: they worked
Javier E

The Families Funding the 2016 Presidential Election - The New York Times - 0 views

  • They are overwhelmingly white, rich, older and male, in a nation that is being remade by the young, by women, and by black and brown voters. Across a sprawling country, they reside in an archipelago of wealth, exclusive neighborhoods dotting a handful of cities and towns. And in an economy that has minted billionaires in a dizzying array of industries, most made their fortunes in just two: finance and energy.
  • Now they are deploying their vast wealth in the political arena, providing almost half of all the seed money raised to support Democratic and Republican presidential candidates. Just 158 families, along with companies they own or control, contributed $176 million in the first phase of the campaign
  • Not since before Watergate have so few people and businesses provided so much early money in a campaign, most of it through channels legalized by the Supreme Court’s Citizens United decision five years ago.
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  • But regardless of industry, the families investing the most in presidential politics overwhelmingly lean right, contributing tens of millions of dollars to support Republican candidates who have pledged to pare regulations; cut taxes on income, capital gains and inheritances; and shrink entitlement programs.
  • In marshaling their financial resources chiefly behind Republican candidates, the donors are also serving as a kind of financial check on demographic forces that have been nudging the electorate toward support for the Democratic Party and its economic policies. Two-thirds of Americans support higher taxes on those earning $1 million or more a year, according to a June New York Times/CBS News poll, while six in 10 favor more government intervention to reduce the gap between the rich and the poor. According to the Pew Research Center, nearly seven in 10 favor preserving Social Security and Medicare benefits as they are.
  • The donor families’ wealth reflects, in part, the vast growth of the financial-services sector and the boom in oil and gas, which have helped transform the American economy in recent decades. They are also the beneficiaries of political and economic forces that are driving widening inequality: As the share of national wealth and income going to the middle class has shrunk, these families are among those whose share has grown.
  • Most of the families are clustered around just nine cities. Many are neighbors, living near one another in neighborhoods like Bel Air and Brentwood in Los Angeles; River Oaks, a Houston community popular with energy executives; or Indian Creek Village, a private island near Miami that has a private security force and just 35 homes lining an 18-hole golf course.
  • More than 50 members of these families have made the Forbes 400 list of the country’s top billionaires, marking a scale of wealth against which even a million-dollar political contribution can seem relatively small. The Chicago hedge fund billionaire Kenneth C. Griffin, for example, earns about $68.5 million a month after taxes, according to court filings made by his wife in their divorce. He has given a total of $300,000 to groups backing Republican presidential candidates. That is a huge sum on its face, yet is the equivalent of only $21.17 for a typical American household, according to Congressional Budget Office data on after-tax income.
  • “The campaign finance system is now a countervailing force to the way the actual voters of the country are evolving and the policies they want,” said Ruy Teixeira, a political and demographic expert at the left-leaning Center for American Progress.
  • The accumulation of wealth has been particularly rapid at the elite levels of Wall Street, where financiers who once managed other people’s capital now, increasingly, own it themselves. Since 1979, according to one study, the one-tenth of 1 percent of American taxpayers who work in finance have roughly quintupled their share of the country’s income. Sixty-four of the families made their wealth in finance, the largest single faction among the super-donors of 2016.
  • instead of working their way up to the executive suite at Goldman Sachs or Exxon, most of these donors set out on their own, establishing privately held firms controlled individually or with partners. In finance, they started hedge funds, or formed private equity and venture capital firms, benefiting from favorable tax treatment of debt and capital gains, and more recently from a rising stock market and low interest rates
  • In energy, some were latter-day wildcatters, early to capitalize on the new drilling technologies and high energy prices that made it economical to exploit shale formations in North Dakota, Ohio, Pennsylvania and Texas. Others made fortunes supplying those wildcatters with pipelines, trucks and equipment for “fracking.”
  • The families who give do so, to some extent, because of personal, regional and professional ties to the candidates. Jeb Bush’s father made money in the oil business, while Mr. Bush himself earned millions of dollars on Wall Street. Some of the candidates most popular among ultrawealthy donors have also served in elected office in Florida and Texas, two states that are home to many of the affluent families on the list.
  • the giving, more broadly, reflects the political stakes this year for the families and businesses that have moved most aggressively to take advantage of Citizens United, particularly in the energy and finance industries.
  • The Obama administration, Democrats in Congress and even Mr. Bush have argued for tax and regulatory shifts that could subject many venture capital and private equity firms to higher levels of corporate or investment taxation. Hedge funds, which historically were lightly regulated, are bound by new rules with the Dodd-Frank regulations, which several Republican candidates have pledged to roll back and which Mrs. Clinton has pledged to defend.
  • And while the shale boom has generated new fortunes, it has also produced a glut of oil that is now driving down prices. Most in the industry favor lifting the 40-year-old ban on exporting oi
Javier E

The Technium: The Stealthy Anonymart - 0 views

  • There will be more anonymarts, probably named the Black Hole, the Trading Den, Pirates Cove, the Back Room, and the like. For every Silk Road stealth market that sinks, five more will erupt. Silk Road claims it will not allow "harmful" products to be listed, but other anonymarkets will not be so constrained. They will sell not only drugs, but stolen credit cards, passports, weapons and sex.
  • Anonymarkets are yet another species of net life in a networked world. Hard to eradicate, they will thrive in the cracks of the global economy. You can buy anything you want at Alice's Stealthy Anonymart. Including Alice. Step right up. But anonymarts won't overthrow capitalism, cause the downfall of the global economy, or bring cheap drugs into every school yard. It is a big ecosystem out there and it is rare for a single new species to alter the dynamics of the ecology. At best it will nudge it. Anonymarts will push at the edges of what is possible and might spark new versions of ebay and craigslist that trade in everyday legal stuff.
Javier E

Women Nudged Out of German Workforce - NYTimes.com - 0 views

  • women who qualify in the view of one type of manager are automatically disqualified by the view of another. “Men can think of reasons against having women on boards and in executive committees,” Mr. Wippermann told the German weekly Die Zeit. “But none in favor.”
  • Still, “there is a lack of women who want to work full time,” she said. “We can’t tell women how to lead their lives. We don’t want a system like in the old East Germany.”
  • “Without these talent sources, Germany can’t survive as a leading knowledge economy. “We have to break open all our historic taboos,” he said. “Because if we don’t, we will lose competitiveness.”
jlessner

Former 'Onion' Editor On Why We Need Satire : NPR - 0 views

  • 12 people were murdered, apparently for doing the very thing The Onion does - satire. I admit it scares me. This is radical ideology taken to an abhorrent new low. An attack, ultimately, on what? An idea?You can't kill an idea by murdering innocent people, though you can nudge it toward suicide.
  • Even in the most repressive medieval kingdoms, the need for a court jester was understood, the one guy allowed to tell the truth through laughter. It is, in many ways, the most powerful form of free speech because it is aimed at those in power or those who spread hate. Satire is the canary in the coal mine, a cultural thermometer. It has to push, push, push the boundaries of society to see how much it's grown
  • In America, free speech is so important, the men who wrote the Bill of Rights put it first, but they followed it up with our right to bear arms. To me, that's always been a pretty strong message. But in this state of widespread social change, we need to make sure that the ideal of the Second Amendment never, ever trumps the power of the first.
Javier E

Managers Turn to Computer Games, Aiming for More Efficient Employees - NYTimes.com - 0 views

  • Silicon Valley companies are known for casual work clothes and generous employee perks like free lunches and laundry, but they share corporate America’s affinity for dogmatic processes and mind-numbing acronyms. The Valley’s tech companies excel at turning those dreary processes into something useful.
  • Mr. Doerr has long been a proselytizer of a Silicon Valley-style management system called “O.K.R.,” which stands for “objectives and key results.” The idea, which was created at Intel, where Mr. Doerr began his career, is to have workers create specific, measurable goals and to track their progress in an open system that anyone in the company can see.
  • Mr. Duggan founded Badgeville, whose software turns work tasks into badges and a leader board in an effort to add elements of games to work. His new company blends that game-playing sensibility with hard-core metrics.
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  • Using BetterWorks software, workers set goals, like “Sign 10 new customers by May,” and enter them into an internal system that can be viewed by other employees — it looks almost identical to the dashboard function used by Fitbit fitness trackers. Co-workers can give each other encouragement (“cheers”) or shaming (“nudges”). A worker’s profile shows a digital tree that grows with accomplishments and shrivels with poor productivity
  • One of the main ways people become more productive on the job is by using their supposed downtime to do even more work. Many drivers did things like loading, unloading and inspecting their trucks during federally required breaks, Ms. Levy said
  • “If you distract workers with the idea that they are playing the game, they don’t challenge the rules of the game,
  • Companies like BetterWorks — Workday, Workboard or SuccessFactors also make goal-setting software — are importing similar concepts to office jobs where performance has historically been more subjective.
  • Culture Amp’s product is essentially a set of continuous, anonymous surveys that lets companies know how their workers are feeling and rates them against other companies in the same industry.
Javier E

The Machines Are Coming - NYTimes.com - 0 views

  • Yes, the machines are getting smarter, and they’re coming for more and more jobs.Not just low-wage jobs, either.Today, machines can process regular spoken language and not only recognize human faces, but also read their expressions. They can classify personality types, and have started being able to carry out conversations with appropriate emotional tenor.
  • Machines are getting better than humans at figuring out who to hire, who’s in a mood to pay a little more for that sweater, and who needs a coupon to nudge them toward a sale. In applications around the world, software is being used to predict whether people are lying, how they feel and whom they’ll vote for.
  • Most of what we think of as expertise, knowledge and intuition is being deconstructed and recreated as an algorithmic competency, fueled by big data
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  • But computers do not just replace humans in the workplace. They shift the balance of power even more in favor of employers.
  • Machines aren’t used because they perform some tasks that much better than humans, but because, in many cases, they do a “good enough” job while also being cheaper, more predictable and easier to control than quirky, pesky humans. Technology in the workplace is as much about power and control as it is about productivity and efficiency.
  • This is the way technology is being used in many workplaces: to reduce the power of humans, and employers’ dependency on them, whether by replacing, displacing or surveilling them
  • regardless of whether unemployment has gone up or down, real wages have been stagnant or declining in the United States for decades. Most people no longer have the leverage to bargain.
  • In the 1980s, the Harvard social scientist Shoshana Zuboff examined how some workplaces used technology to “automate” — take power away from the employee — while others used technology differently, to “informate” — to empower people.
  • For academics, software developers and corporate and policy leaders who are lucky enough to live in this “informate” model, technology has been good. So far.
  • It’s easy to imagine an alternate future where advanced machine capabilities are used to empower more of us, rather than control most of us. There will potentially be more time, resources and freedom to share, but only if we change how we do things.
  • This problem is not us versus the machines, but between us, as humans, and how we value one another.
maddieireland334

The stark contrast between the job market and the election, and why it matters - The Wa... - 0 views

  • I believe I can say, without partisan challenge, that what’s going on in the Republican presidential campaign is an embarrassment to the United States.
  • The underlying trend of job gains is over 200,000 per month, a strong enough clip to nudge the jobless rate even lower than its current eight-year low of 4.9 percent.
  • the tight job market is providing workers with a bit more bargaining power.
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  • At 2.2 percent, average hourly wage growth is beating (very low) inflation, meaning paychecks have more buying power.
  • The underemployment rate, at 9.7 percent, remains elevated by 6 million part-time workers who would rather be full-timers but still can’t find the work.
  • the underemployment rate needs to fall another point before you can call the job market really tight
  • Since the Great Recession, the rate fell from around 83 percent down to around 81 percent or so. Over the six-plus years of economic expansion, the best you could say is “at least it didn’t fall further.”
  • As you can see in the recent data, the better job market is giving people a reason to come back in and see what they can find.
  • It matters a great deal who they appoint in positions that directly affect fiscal policy. They appoint governors to the Federal Reserve. They set trade policy and deal with international competitors.
  • Unless the next president is smart and persuasive enough to get Congress to apply countercyclical policy to the next downturn, whatever gains folks have seen may be short-lived.
  • Many in the electorate are mad about the inequality embedded in the economy in a way that means they’ve only recently seen some gains (and that’s an average result — there are places that are still facing depressed conditions).
  • People are justifiably angry about an economy in which reckless finance brought us the recession, got bailed out and recovered way before the rest of us.
sgardner35

What's wrong with the State of the Union (Opinions) - CNN.com - 0 views

  • The rest of the month we get the jockeying and posturing of presidential candidates in Iowa and New Hampshire. In countless town halls and meet-and-greets, as polls come in more frequently and the pressure intensifies, they'll all strive for that oxymoronic sweet spot of manufactured authenticity.What keeps us watching all this stagecraft is the possibility of something veering sharply from script -- the chance of a gaffe or a break in protocol, the unplanned moment that reveals the person beneath or that perfectly captures a conflict.
  • Indeed, watching him made me wonder: What if politicians across the spectrum committed to a new ritual -- speaking to groups composed entirely of people from the other party? There would be no one to cheer your partisan points. No one would let you off the hook if you tried to avoid a tough topic.Bernie Sanders made a much-publicized speech last fall to the evangelical and conservative students at Liberty University in Virginia, then took questions. This was the right idea. How would the other Democrats have done in a true give-and-take on the Liberty campus?
  • The occasion revealed just how wired people have become to hear what they want to hear. The President spoke of Australia, a country that in the aftermath of a gun massacre took societywide steps to reduce gun violence. His critics, gun-rights advocates, heard him calling for confiscation of firearms. He described reasonable steps to stem a public health crisis. His critics heard him trashing the Constitution.
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  • For one thing, it would reveal which of our politicians is capable of actually listening to the other side. Who has something to say after the talking points are exhausted? Who is willing to learn in the midst of fierce disagreement? That's a far better measure of fitness for a governing role than whether you can fire up your base.
  • Yes, some politicians would avoid such a setup because of the risk of being exposed as a one-note ideologue. And some politicians in the lion's den might feel tempted to sharpen differences, to make a performance of their contempt for the mob from the other party. But this is where we, the people, come in: We'd have to act like something other than a mob. The setup of the ritual --- many of us, one of them --- would nudge us to treat the visiting political figure with a measure of civility and to engage her or him in good faith. With ground rules that allow the politician to speak without being bullied or drowned out, we could set in motion a contagion of respect.
Javier E

Americans Believe in Climate Change, But Not Climate Action - 0 views

  • Last month, scientists warned that we had only about 12 years to cut global emissions in half and that doing so would require a worldwide mobilization on the scale of that for World War II.
  • perhaps it should not be surprising that, even in many of the world’s most progressive places, even in the moment of acknowledged environmental crisis, a sort of climate NIMBYism prevails. The cost of inaction is sort of unthinkable — annual deadly heat waves and widespread famine, tens of millions of climate refugees, global coastal flooding, and disasters that will cost double the world’s present-day wealth. And so we choose, most of the time, not to think about it
  • This is denial, too, whatever you check on a survey about whether you “believe” the climate is changing.
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  • hard-core, bought-and-paid-for denialism is pernicious for many reasons — in fact, it may help explain why so few Americans believe “most scientists think global warming is happening.” According to the most recent Yale Climate Opinion Survey, just 49 percent do.
  • what is perhaps most remarkable about that same study is that many more Americans believe climate change is happening than believe scientists believe it: 70 percent say global warming is real, and ongoing, versus just 14 percent who say it isn’t.
  • One way of looking at that data is to say that we are, despite what we hear in the media, overwhelmingly a nation of climate-change believers, not deniers — and, in fact, a nation genuinely concerned about it
  • “denial is mostly a distraction at this point.” (“Those still unconvinced mostly cannot or do not want to be convinced,” he added, meaning, “It’s time to stop framing persuasion as the primary task here.”)
  • Another is that even those of us who believe in warming, and believe it is a problem, do not believe enough in it
  • the rest of us are only moderately worried, perhaps in part because we imagine the worst impacts of climate change will hit elsewhere. Forty-one percent of Americans believe climate change “will harm me personally” — actually quite a high number, in absolute terms, but considerably lower than the 62 percent who believe it will harm those in the developing world or the 70 percent who believe it will harm future generations
  • What are those coping mechanisms? Why can’t we see the threat right in front of us?
  • It’s fucking scary. For years now, researchers have known that “unrealistic optimism is a pervasive human trait,” one that, whatever you know about how social-media addicts get used to bad news, leads us to discount scary information and embrace the sunnier stuff
  • the generation of economists and behavioral psychologists who’ve spent the last few decades enumerating all of our cognitive biases have compiled a whole literature of problems with how we process the world, almost every single example of which distorts and distends our perception of a changing climate, typically by making us discount the threat.
  • anchoring, which explains how we build mental models around as few as one or two initial examples, no matter how unrepresentative — in the case of global warming, the world we know today, which is reassuringly temperate
  • the ambiguity effect, which suggests that most people are so uncomfortable contemplating uncertainty they will accept lesser outcomes in a bargain to avoid dealing with it
  • In theory, with climate, uncertainty should be an argument for action — much of the ambiguity arises from the range of possible human inputs, a quite concrete prompt we choose to process instead as a riddle, which discourages us
  • anthropocentric thinking, by which we build our view of the universe outward from our own experience, a reflexive tendency that some especially ruthless environmentalists have derided as “human supremacy” and that surely shapes our ability to apprehend genuinely existential threats to the species — a shortcoming that many climate scientists have mocked. “The planet will survive,” they say. “It’s the humans that may not.”
  • Among the most destructive effects that appear later in the library are these:
  • the bystander effect, or our tendency to wait for others to act rather than acting ourselves;
  • confirmation bias, by which we seek evidence for what we already understand to be true rather than endure the cognitive pain of reconceptualizing our world
  • the default effect, or tendency to choose the present option over alternatives, which is related to the status quo bias, or preference for things as they are, however bad that is
  • the endowment effect, or the instinct to demand more to give up something we have — more than we actually value it (or had paid to acquire or establish it)
  • We have an illusion of control, the behavioral economists tell us, and also suffer from overconfidence. We can’t see anything but through cataracts of self-deception.
  • Already, Yale says, 70 percent of Americans believe “environmental protection is more important than economic growth.” Nudging that number up to 75 percent isn’t the important thing; what’s important is getting those 70 percent to feel their conviction fiercely, to elevate action on climate change to a first-order political priority by speaking loudly about it and to disempower, however we can, those forces conspiring to silence us.
  • Even the ones in our own heads.
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