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the military is now attempting to grow its presence on other platforms. Readability mode is unavailable for this webpage. Please visit cache page or original page Top - A + ==== Serif ====PT SerifMerriweatherMartelNoto SerifSlabo 27pxAndadaLoraRoboto Slab== Sans Serif ==Source Sans ProOpen SansLato

U.S. tech giant Facebook has now banned all pages linked to Myanmar’s army - and has itself been banned.

Along with the court order, the attorney general is asking for policy reforms, as well as a monitor to be installed to oversee the NYPD's tactics and handling of future protests.

The NYPD has been sharply criticized over a number of its officers' actions in the past year. Last May, police SUVs were shown in a video of a protest in Brooklyn, surging into a crowd that had surrounded them. In another incident, an officer drew his gun and pointed it at a crowd of people.

The NYPD did not immediately respond to a request for comment. After the lawsuit was filed, the Police Benevolent Association of the City of New York issued a statement blaming the city's leadership for the problems at the protests.

The police actions broke state and federal law, James says. The lawsuit alleges that New York City, Mayor Bill de Blasio, NYPD Commissioner Dermot Shea and NYPD Chief of Department Terence Monahan "failed to prevent and address the pattern or practice of excessive force and false arrests by officers against peaceful protesters in violation of the First, Fourth, and Fourteenth Amendments of the United States Constitution"

James announced the lawsuit against the NYPD Thursday morning, in a virtual news conference that began shortly before New York Gov.

Last June, the NYPD suspended at least two officers for their behavior during protests, including an officer who was captured on video pushing a woman to the ground in Brooklyn. Another officer was punished for "pulling down an individual's face mask in Brooklyn and spraying pepper spray at him,

Human Rights Watch, an independent watchdog group, issued a report last year on the police misconduct in Brooklyn which said that clearly identified medics and legal observers were among those zip-tied and beaten by police, in a response to the protest which was "intentional, planned, and unjustified."

The lawsuit says the police department sent thousands of poorly trained officers to cope with large-scale protests, resulting in mass arrests and attempts to suppress demonstrations. It also says the NYPD made a practice out of "kettling" – corralling people by using physical force and obstructions – to arrest protesters rather than allow crowds to disperse.

A Minnesota judge ruled this week that Derek Chauvin, the former police officer who kept his knee on Floyd's neck for several minutes, will stand trial alone when proceedings begin in March. Chauvin is charged with second-degree murder and manslaughter. Readability mode is unavailable for this webpage. Please visit cache page or original page Top - A + ==== Serif ====PT SerifMerriweatherMartelNoto SerifSlabo 27pxAndadaLoraRoboto Slab== Sans Serif ==Source Sans ProOpen SansLato

China’s technocrats have, to date, demonstrated competence in managing the economy’s imbalances.

Mainland China has delivered significant extra returns -- 87 basis points a year more than the mighty S&P -- for anyone willing to hack the wild volatility

“On balance,” Adam sums up, “If you want to be part of history-making economic transformation, China is still the place to be.”

The third point is where we disagree. We just don’t see China as having any good options for maintaining strong growth. 

we think China’s underlying growth story is coming to an end as the country’s economic imbalances become unsustainable and global decoupling picks up steam. The volatility and low valuations, on the other hand, are likely here to stay. 

Replace bad investment with domestic consumption. 

What imbalances are we talking about? In crude summary, China’s growth has been driven by debt-funded investment, especially in property and infrastructure. The problem is that the returns on these investments are in fast decline, even as debt continues to build up.

This can’t go on forever. Eventually, you have all the bridges, trains, airports and apartment blocks you need, and the return on new ones falls below zero (How do you know that you have arrived at that point? When you have a financial crisis).

The problem is that without a healthy consumer, China’s only real options to create growth are investment and exports -- and at the same time as return on internal investments are declining, the rest of the world, led by the US, are increasingly wary of dependence on Chinese exports. 

What are China’s policy options? Broadly, there are five, as Micheal Pettis explained to us:

Stay with the current model.

Replace bad investment in things like infrastructure and real estate with good investment in things like tech and healthcare.

Beijing has policy options.

Replace bad investment with (even) move exports and a wider current account surplus.

Just quit it with the bad investment. 

we think that options 1 and 5 are not really options at all. The current model will lead to a financial crisis as return on investment falls further and further behind the costs of debt. Simply ceasing to overinvest in infrastructure and real estate, without changing anything else, will simply kill growth. 

Option 2 might be summed up -- as Jason Hsu of Ralient Global Advisors summed it up to us -- as China becoming more like Germany.

The idea is that China would steer more and more money away from real estate and towards high value-add sectors from biotech to chip manufacturing. 

The problem with option 2 is that investment is such a huge part of the Chinese economy that it is difficult to see how that the capital could be efficiently allocated to the country's tech-heavy, high value-add sectors, which are comparatively small

The most promising Chinese firms are swimming in capital as it is. And developing productive capacity isn't just about capital. It takes things the state can't rapidly deploy, like knowhow and intellectual property.

Option 3 is more promising. China could start, as Adam suggests, by building up a proper welfare safety net. But it is reasonable to expect pretty serious social and institutional resistance to this sort of mass redistribution.

why hasn’t China increased its welfare state until now? Longtime China watcher and friend of Unhedged George Magnus suggests it is because of a deep bias in the Chinese policy establishment. “It’s how Leninist systems operate: they think production and supply are everything … if you see a demand problem as a supply problem, you get the wrong answers.”

Option 4, increasing exports’ share of China’s economy even further, may be in the abstract the most appealing. But it runs directly into the fact that both China and the US and its allies have reasons to reduce mutual dependence on their economies.

The emergence of geopolitical divisions between the west, on the one hand, and Russia and China, on the other, will put globalisation at risk. The autocracies will try to reduce their dependence on western currencies and financial markets. Both they and the west will try to reduce their reliance on trade with adversaries. Supply chains will shorten and regionalise… 

Russia must remain a pariah so long as this vile regime survives. But we will also have to devise a new relationship with China. We must still co-operate. Yet we can no longer rely upon this rising giant for essential goods. We are in a new world. Economic decoupling will now surely become deep and irreversible.

In all, the most likely scenario is that China’s growth just keeps slowing. That does not mean that investors in China will necessarily lose money. But it does suggest that generic China exposure -- simply owning Chinese equity or credit indices -- is going to be a losing proposition in the long-term

Some experts displayed a top-down style of reasoning: politics as a deductive art. They started with a big-idea premise about human nature, society, or economics and applied it to the specifics of the case. They tended to reach more confident conclusions about the future. And the positions they reached were easier to classify ideologically: that is the Keynesian prediction and that is the free-market fundamentalist prediction and that is the worst-case environmentalist prediction and that is the best case technology-driven growth prediction etc. Other experts displayed a bottom-up style of reasoning: politics as a much messier inductive art. They reached less confident conclusions and they are more likely to draw on a seemingly contradictory mix of ideas in reaching those conclusions (sometimes from the left, sometimes from the right). We called the big-idea experts “hedgehogs” (they know one big thing) and the more eclectic experts “foxes” (they know many, not so big things).

The most consistent predictor of consistently more accurate forecasts was “style of reasoning”: experts with the more eclectic, self-critical, and modest cognitive styles tended to outperform the big-idea people (foxes tended to outperform hedgehogs).

Lehrer: Can non-experts do anything to encourage a more effective punditocracy?

Tetlock: Yes, non-experts can encourage more accountability in the punditocracy. Pundits are remarkably skillful at appearing to go out on a limb in their claims about the future, without actually going out on one. For instance, they often “predict” continued instability and turmoil in the Middle East (predicting the present) but they virtually never get around to telling you exactly what would have to happen to disconfirm their expectations. They are essentially impossible to pin down. If pundits felt that their public credibility hinged on participating in level playing field forecasting exercises in which they must pit their wits against an extremely difficult-to-predict world, I suspect they would be learn, quite quickly, to be more flexible and foxlike in their policy pronouncements.

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A conventional war response is the least bad of the three because it avoids the higher risks of either the weaker or the stronger options.

Today, with the balance of forces reversed since the Cold War, the current Russian doctrine of “escalate to deescalate” mimics NATO’s Cold War “flexible response” concept.

NATO promoted the policy of flexible response rhetorically, but the idea was always shaky strategically. The actual contingency plans it generated never commanded consensus simply because initiating the use of nuclear weapons risked tit-for-tat exchanges that could culminate in an apocalyptic unlimited war.

the group could not reach agreement on specific follow-on options beyond an initial symbolic “demonstration shot” for psychological effect, for fear that Moscow could always match them or up the ante.

NATO policymakers should not bank on Moscow’s restraint. Putin has more at stake in the war than Ukraine’s nuclear-armed supporters outside the country do, and he could bet that in a pinch, Washington would be less willing to play Russian roulette than he is

As NATO confronts the possibility of Russia using nuclear weapons, the first question it needs to answer is whether that eventuality should constitute a real redline for the West

As dishonorable as submission sounds to hawks in advance, if the time actually comes, it will have the strong appeal to Americans, because it would avoid the ultimate risk of national suicide.

That immediate appeal has to be balanced by the longer-term risks that would balloon from setting the epochal precedent that initiating a nuclear attack pays off

This dilemma underlines the obvious imperative of maximizing Moscow’s disincentives to go nuclear in the first place.

if it wants to deter Putin from the nuclear gambit in the first place—governments need to indicate as credibly as possible that Russian nuclear use would provoke NATO, not cow it.

If NATO decides it would strike back on Ukraine’s behalf, then more questions arise: whether to also fire nuclear weapons and, if so, how. The most prevalent notion is an eye-for-an-eye nuclear counterattack destroying Russian targets comparable to the ones the original Russian attack had hit.

it invites slow-motion exchanges in which neither side gives up and both ultimately end up devastated.

both the tit-for-tat and the disproportionate retaliatory options pose dauntingly high risks.

A less dangerous option would be to respond to a nuclear attack by launching an air campaign with conventional munitions alone against Russian military targets and mobilizing ground forces for potential deployment into the battle in Ukraine. This would be coupled with two strong public declarations. First, to dampen views of this low-level option as weak, NATO policymakers would emphasize that modern precision technology makes tactical nuclear weapons unnecessary for effectively striking targets that used to be considered vulnerable only to undiscriminating weapons of mass destruction

That would frame Russia’s resort to nuclear strikes as further evidence not only of its barbarism but of its military backwardness.

The second important message to emphasize would be that any subsequent Russian nuclear use would trigger American nuclear retaliation.

Such a strategy would appear weaker than retaliation in kind and would worsen the Russians’ desperation about losing rather than relieve it, thus leaving their original motive for escalation in place along with the possibility that they would double down and use even more nuclear weapons.

The main virtue of the conventional option is simply that it would not be as risky as either the weaker do-nothing or the stronger nuclear options.

If the challenge that is now only hypothetical actually arrives, entering a nuclearized war could easily strike Americans as an experiment they do not want to run. For that reason, there is a very real possibility that policymakers would wind up with the weakest option: rant about the unthinkable barbarity of the Russian action and implement whatever unused economic sanctions are still available but do nothing militarily.

So far, Moscow has been buoyed by the refusal of China, India, and other countries to fully join the economic sanctions campaign imposed by the West. These fence sitters, however, have a stake in maintaining the nuclear taboo. They might be persuaded to declare that their continued economic collaboration with Russia is contingent on it refraining from the use of nuclear weapons.

the alternative to that, which is admittedly less economically efficient, but much more likely to succeed in the real world, is to recognize that cleaner energy sources deliver some public good. They deliver a benefit of cleaner air, less air pollution and deaths and mortalities and asthma attacks and less climate damages. And to subsidize their production, so that we get more from the clean sources.

I do think that we are going to see basically the full range of all of those clean firm power generation technologies get trialed out over the next few years and have a chance to scale

what is going to be key to stopping, preventing the worst impacts of climate change is reaching net-zero greenhouse gas emissions globally as rapidly as possible.

where I see the future for nuclear in the West, and I think where the bulk of the industry and the investment now is focused is on smaller and more modular reactors that instead of trying to power a million people per reactor are trying to power 50,000 or 100,000 people, like a 1/10 or a 1/20 the size of a large scale reactor.

the challenge for electricity is really twofold, we have to cut emissions from the power sector, right? Which already is now the number two, used to be the number one, emitting sector of the economy. Since we have made some progress, electricity is now number two and transportation is edged into the number one position for biggest greenhouse gas polluting sector.

it is an important reality of complex energy systems that we need a complete team of resources, and we need a range of options because we’re a big, diverse country with different resource spaces, different geographic constraints and different values, frankly. So that some parts of the country really do want to build nuclear power or really do want to continue to use natural gas. Other parts don’t want to touch them.

I’m really struck by this International Energy Association estimate that almost half of global emissions reductions by 2050 will come from technologies that exist only as prototypes or demonstration projects today

And that means that the bets on each individual one are so much smaller that you can build one for a billion dollars instead of $15 billion or $20 billion. And I think that makes it much more likely that we can get our muscle memory back and get the economies of scale and learning by doing and trained work force developed around building them in series. That’s going to be key to building low-cost reactors.

I think we have to add that to the message. It’s not saying that one outweighs the other or these trade-offs are easy, but it is an important element that we can’t forget. That the more transmission we build, the more wind and solar we build, the lower the air pollution and public health impacts on vulnerable communities are as well, and we can save tens of thousands of lives in the process.

And so there’s sort of an opportunity cost right now where until we’ve shut down the last coal plants and the last natural gas plants, every single megawatt-hour of new clean electricity, new energy efficiency that we can add to the grid that goes to replace a nuclear power plant is a wasted opportunity to accelerate our emissions reductions and get rid of those dirty fossil fuels.

here is a segment of the climate movement that just hates this part of the bill, hates this part of the theory, does not want to see a substantial part of our decarbonization pathway built around things that allow us to continue producing fossil fuels in a putatively cleaner way. And I think there’s also some skepticism that it really will work technically in the long run. What is that critique? And why aren’t you persuaded by it?

And so they don’t cost a whole lot to demonstrate. We’re talking about tens of millions of dollars to demonstrate, rather than billions of dollars. And so I’m confident that we’re going to see a lot of success there.

But what we need are technologies that are not constrained by the weather and are not constrained by a duration limit, that can go as long as we need them, whenever we need them. And that’s what we call the third category, which are firm resources or clean firm resources, because we want to replace the dirty ones with the clean ones. And so today, we rely on natural gas and coal and our existing nuclear fleet for that firm role. But if we want to build a clean energy system and we need all that new clean electricity, we’re going to need to build about an equivalent amount as we have coal and gas plants today of clean firm options, whether that’s new nuclear power plants, advanced geothermal or similar options like that.

it is a massive transformation of our energy system, right? We’re going to have to rewire the country and change the way we make and use energy from the way we produce it, to the way we transport it, to the way we consume it at a very large scale. And so, yeah, that is the statistic.

l, let me get at that point about revitalization, about trying to spread a lot of this money geographically, widely. When I’ve talked to the Biden administration about this bill, something they’re always very keen to tell me is that it isn’t just money, it is standards. This bill is full of standards.

Well, there’s two — I think, two elements of that critique. One is that fossil energy companies are themselves primarily responsible for our lack of progress on climate change. That because of their vested economic interests, they have actively disrupted efforts to confront climate change over the long haul. And so climate campaigners, in this view, are trying to delegitimize fossil fuel companies and industries as social actors, the same way that tobacco companies were villainized and basically delegitimized as legitimate corporate citizens. And so that’s an effort, that’s a political strategy, that’s meant to try to weaken the ability of oil and gas companies to impede progress.

And that is real value because every time we burn natural gas or coal, we’re consuming something that costs money. And if we can avoid that, then the wind and solar farms are effectively delivering value in the value of the avoided fuel, and of course, the social value of the avoided emissions.

let’s also not forget that the money talks, right? That finances is a necessary condition, if not sufficient. But what this bill does is aligns all of the financial incentives, or at least most of them, behind making the right clean energy choices. And without that, there’s no way we’re going to make progress at the pace we need

And geothermal, unlike a big nuclear plant, they’re really modular. You only need to build them in 5 or 10 megawatt increments

The first rule of holes is stop digging, right? Then you can figure out how to climb out

We’re going to see the first nuclear power plants built at the end of the decade. There are a variety of technologies that are getting licensed by the Nuclear Regulatory Commissio

re you confident that we have or are near to having the carbon-capture technologies to reliably capture, and store, or use carbon for very, very long periods of geologic time?

You shouldn’t expect everyone to just be altruistic. We have to make it make good financial sense for everyone to make the clean choice. And so there’s two ways to do that. You can make fossil energy more expensive to price in the true cost of consuming fossil fuels for society, which includes all of the climate damages that are going to occur down the line because of accelerating climate change, but also air pollution

We still have to go all the way from there to net-zero in 2050. And that, of course, is assuming that we can build transmission in wind and solar at the pace that makes economic sense. So if we can’t do that, we’re going to fall even further short. So this is a big step down the road to net zero, but it is not the last step we need to take. And we need to sustain and accelerate this transition.

the policy environment is now finally aligned to do that with the Inflation Reduction Act and the infrastructure law providing both demonstration funding for the first kind of n-of-a-kind, first handful of projects in all of those categories, as well as the first market-ready deployment subsidies, so that we can scale up, and drive down the cost, and improve the maturity and performance of all those technologies over the next 10 years as well, just as we did for wind and solar.

And so the role of wind and solar is effectively to displace the fuel consumption of other potentially more dependable resources in the grid, maybe not necessarily to shut down the power plant as a whole, but to use it less and less.

The last time Congress took up and failed to pass climate policy in 2009 and 2010, solar PV cost 10 times as much as it does today, and wind, onshore wind farms, cost three times as much as they do today. So we’ve seen a 90 percent decline in the cost of both solar PV and lithium ion batteries, which are the major cost component in electric vehicles and our main source of growing grid scale energy storage to help deal with the variability of wind and solar on the grid. And so those costs have come down by a factor of 10, and we’ve seen about a 70 percent decline in the cost of wind over the last decade. And that changes the whole game, right?

we tried them out, and we deployed them at scale, and we got better and better at it over time. And so we don’t need carbon capture at scale this decade. The things that are going to do all of the emissions reduction work, really, the bulk of it, are technologies that we bet on a decade ago and are ready to scale now. What we need to do over this next decade is to repeat that same kind of success that we had for wind and solar and batteries with the full portfolio of options that we think we might need at scale in the 2030s and 2040

Every year matters. Every tenth of a degree of warming matters in terms of the impacts and damages and suffering that can be avoided in the future. And so we need to get to net-zero emissions globally as rapidly as we can.

until we reach the point where the total emissions of climate-warming gases from human activities is exactly equaled out or more so by the removal of those same greenhouse gases from the atmosphere each year due to human activities, we’re basically contributing to the growing concentration of climate-warming gases in the atmosphere. And that’s what drives climate change, those cumulative emissions and the total atmospheric concentrations of greenhouse gases

let’s take the big picture of that. It gets called decarbonization, but as I understand it, basically every theory of how to hit net zero by 2050 looks like this — you make electricity clean, you make much more clean electricity, you make almost everything run on electricity, and then you mop up the kind of small industries or productive questions that we have not figured out how to make electric. Is that basically right?

nothing in this bill really changes our capacity to plan. There’s no central coordinator, or the federal government doesn’t have vast new powers to decide where things go. So I worry a little bit that we’re solving the money problem, but there’s a lot of other reasons we end up building things slowly and over budget than just money.

And so when I think about the challenge of decarbonization, I think about how you unlock feedback loops and how you change the political economy of decarbonization by disrupting current interests that might oppose clean energy transitions and building and strengthening interests that would support them

the other analogy I often use is that of a balanced diet. You can’t eat only bananas, and you don’t want to only eat burgers, you want to eat a diverse mix of different parts of your diet. And so whether it’s trying to have all the right star players playing the right position on the court or trying to balance out your diet, what we need to build is an effective energy system that consists of team of different roles. And we break it down in our research as basically three key roles.

There’s a second, and more substantial or tangible reason to oppose carbon capture, which is that if it perpetuates some amount of fossil fuel use — it’s going to be dramatically less than today — but some amount of fossil fuel use, then it also perpetuates some of the impacts of the extractive economy and the transport and processing of fossil fuels that have primarily been borne by low income and Black and Brown communities

I worry about those things too. Those were big emphasis points in the Net-Zero America Study. Once you start to really unpack the scale and pace of change that we’re talking about, you inevitably start to be concerned with some of those other kind of rate limiting factors that constrained how quickly we can make this transition.

you write and your colleagues write in the Net-Zero Report that, quote, “expanding the supply of clean electricity is a linchpin in all net-zero paths.”

achieving the required additions by 2030 of utility scale solar and wind capacity means installing 38 to 67 gigawatts a year on average. The U.S. single year record added capacity is 25 gigawatts, which we did in 2020. So we need to on average be somewhere between — be around doubling our best-ever year in solar and wind capacity installation year after year after year after year.

that’s a big role, but it’s not the only role that we have. And because their output is variable, as well as demand for electricity which goes up and down.

there’s basically two main reasons why electricity is such a key linchpin. The first is that it’s a carbon-free energy carrier. And by that I mean it’s a way to move energy around in our economy and convert it and make use of it that doesn’t emit any CO2 directly when we do use electricity.

And so, yeah, you do have to onboard new workers through apprenticeship programs and pay them prevailing wages if you want to build wind and solar projects.

The first is the one that wind and solar fill and other weather-dependent variable renewable resources. And we call those fuel-saving resources. If you think about what a wind farm is, it’s a bunch of steel, and copper, and capital that you invested upfront that then has no fuel costs.

so aligning the incentives isn’t sufficient, but it does mean we now have a lot more very clear reasons for a lot more constituents to try to get to work solving the next set of challenges. And so that’s a huge step forward.

We need a second key role, which we call fast-burst or balancing resources. And that’s where batteries, battery energy storage, as well as smart charging of electric vehicles or other ways to flexibly move around when we consume electricity

so if we can grow the share of carbon-free generation, we can decarbonize both the front end of the supply of our energy carriers. And then when we consume that carbon-free electricity on the other end, it doesn’t emit CO2 either. And there’s just a lot more ways to produce carbon-free electricity than there are to produce liquid fuels or gaseous fuels

we could avoid on the order of 35,000 premature deaths over the first decade of implementation of the Inflation Reduction Act due to the improvements in our clean energy economy, through the reduction of coal combustion and vehicle-related emissions.

I just don’t think we’re going to sustain the clean energy transition and diversify the set of communities that have a clear political stake in continuing that transition if we don’t drive some of these kinds of broad benefits that the bill is trying to do

And then when I talk to critics of the bill, one thing I hear is that a real problem is that this bill is full of standards. That if you just look at the decarbonization task — the land use we were talking about, the speed we need to do it. It is inhumanly hard already. But all over this bill is the tying of decarbonization money to other kinds of priorities,

If you think about what it would take to get 10 times as much political will to act, that’s a huge effort, right? There’s a lot of organizing. There’s a lot of transforming politics to get 10 times as much political will

then the challenge is we need to produce that electricity from a carbon-free source, and that’s the second reason why electricity is so key because we do actually have a lot of different ways to produce carbon-free electricity

one of the clear, tangible, near-term benefits of transitioning away from fossil fuel combustion, whether those are coal-fired power plants or buses or gasoline vehicles is that we’re going to substantially reduce fine particulate pollution and other ozone forming pollution that also creates smog and impacts urban air quality and air quality across the country

we need solutions that work in all of those contexts. And so keeping our options open, rather than trying to constrain them is definitely the lowest risk way to proceed these days. Because if you bet on a set of limited set of technologies, and you bet wrong, you’ve bet the planet, and you’ve failed. The stakes are that high.

we are going to need to enter a new era of nation building, right? A new era of investment in physical infrastructure that can build a better country. There are huge benefits associated with this, but are going to mean, we are going to see large-scale construction, and infrastructure, and impacts on lives

the Inflation Reduction Act is insufficient. It’s a huge step forward. But our estimation from the Repeat Project is that it cuts about two-thirds of the annual emissions gap that we need to close in 2030. It still leaves about a half a billion tons of emissions on the table that we need to tackle with additional policies. And that’s just 2030.

All of those decisions, we basically are putting the thumb on the scale heavily for the cleaner option over the dirtier option.

it took 140 years to build today’s power grid. Now, we have to build that much new clean electricity again and then build it again, so we have to build it twice over in just 30 years to hit our goals.

We, in the broad human sense, right? So Germany and Spain and China and the United States and a whole bunch of different countries decided to subsidize the deployment of those technologies when they were expensive, create early markets that drove innovation and cost declines and made them into tremendously affordable options for the future

“Making Climate Policy Work” by Danny Cullenward and David Victor, which explores the political economy and really real world history and experience of using market-based instruments, like carbon taxes or emissions cap and trade programs to try to tackle climate change. I think the book does a really good job of summarizing both a range of scholarship and the kind of real-world experience that we’ve gotten in the few places that have succeeded in implementing carbon pricing

what the Inflation Reduction Act does at its core is focus on making clean energy cheaper. And it does that in two main ways. The first way is with subsidies, right? So there’s a big package of tax credits that does the bulk of the work. But there’s also rebates for low-income households to do energy efficiency and electrification.

We built about 10 gigawatts of utility solar in 2020. The E.I.A. thinks we’ll build about 20 gigawatts this year. So things change, we can grow.

. Beyond wind and solar, what do you see as playing the central or most promising roles here?

if I sort of sum up the whole bill in one nutshell or one tweet, it’s that we’re going to tax billionaire corporations and tax cheats, and use that money to make energy cheaper and cleaner for all Americans, and also to build more of those technologies here in the United States, which we can talk about later

There’s loan programs that can help offer lower cost financing for projects. There’s grants that go out to states, and rural utilities, and others to help install things. And all of that is designed to make the cleaner option the good business decision, the good household financial decision.

the excellent article in “Nature Climate Change” from 2018, called “Sequencing to Ratchet Up Climate Policy Stringency,” which is the lea

So why electricity? Why has electrifying everything become almost synonymous with decarbonization in climate world?

So that it just makes good economic sense. And that clean energy is cheap energy for everybody. That’s with subsidies upfront, but it’s also going to kick off the same kind of innovation and incremental learning by doing in economies of scale that unlock those tremendous cost reductions for solar, and wind, and lithium ion batteries over the last decade

so we have to guide that process in a way that doesn’t recreate some of the harms of the last era of nation building, where we drove interstates right through the middle of Black and brown communities, and they had no say in the process. So that’s the challenge at a high level is like how do you build a national social license and sense of mission or purpose, and how do you guide the deployment of that infrastructure at scale, which doesn’t concentrate harms and spreads benefits amongst the people who really should be benefiting.

By no means is that impossible, but it is a profound construction challenge

author is —

And so we’re going to kick off the same kind of processes as well with this bill, building on the demonstration and hubs funding and things like that in the infrastructure law for the next generation of technologies that can take us even further down the path to net zero beyond 2030.

electricity is a way to power our lives — heat homes, power factories, move cars around — that at least when we use the electricity on that end, doesn’t lead to any CO2, or frankly, any other air pollutants and other combustion-related pollutants that cause public health impacts.

We made it 10 times easier to take action. So for a given amount of political will, we can do 10 times more decarbonization in the power sector and in transportation, which are two most heavily emitting sectors than we could do a decade ag

The reason that these aren’t expensive alternative energy technologies, as we called them in the 2009 era, and are now mainstream affordable options is because we used public policy.

he author is Michael Pahle and a variety of others who said — both economists, political scientists and policy analysts, who again, are trying to face down this reality that current policy ambition is inadequate. We’ve got to go further and faster. And so they’re trying to think about how do you order these policie

The global-manufacturing apparatus now has the capacity to churn out near-endless stuff. The industry’s output has ballooned 75 percent since 2007 to $35 trillion, according to one analysis, and millions of livelihoods depend on its continued growth.

. The internet-shopping boom has spawned an excess-stuff economy, in which retailers such as Overstock.com buy up extra product from full-price retailers

n the arms race to sell as many sandwich bags or beach towels as possible, a problem has become clear: Variety isn’t infinitely valuable.

Contemporary internet shopping conjures a perfect storm of choice anxiety

Research has consistently held that people who are presented with a few options make better, easier decisions than those presented with many. It has also shown that having many options is particularly confounding when the information available on them is limited or confusing

Those infinite, meaningless options can result in something like a consumer fugue state

Helping consumers figure out what to buy amid an endless sea of choice online has become a cottage industry unto itself

choice fatigue is one reason so many people gravitate toward lifestyle influencers on Instagram—the relentlessly chic young moms and perpetually vacationing 20-somethings—who present an aspirational worldview, and then recommend the products and services that help achieve it

Review videos, too, are popular on YouTube, and plenty of niche websites perform similar functions for products that serve a particular interest, such as hiking or photography

. Casper (mattresses), Glossier (makeup), Away (suitcases), and many others have sprouted up to offer consumers freedom from choice: The companies have a few aesthetically pleasing and supposedly highly functional options, usually at mid-range prices. They’re selling nice things, but maybe more importantly, they’re selling a confidence in those things

They have a strong precedent for believing that their type of extreme curation is what consumers want: Trader Joe’s sells many times fewer products than most of its suburban grocery-store competitors, but still tops consumers’ rankings of their favorite places to grocery shop.

stuff’s creators tend to focus their energy on those who already have plenty. As options have expanded for people with disposable income, the opportunity to buy even basic things such as fresh food or quality diapers has contracted for much of America’s lower classes.

What are the Democratic options moving forward? First, there is the Bernie Sanders option — the embrace of a leftist populism that amounts to democratic socialism. This might also be called the Jeremy Corbyn option, after the leftist leader of the British Labour Party who has ideologically purified his party into political irrelevance.

Second, there is the Joe Biden option — a liberalism that makes a sustained outreach to union members and other blue-collar workers while showing a Catholic religious sensibility on issues of social justice

Third, there is the option of doubling down on the proven Barack Obama option, which requires a candidate who can excite rather than sedate the Obama-era base.

the Democratic candidate for president can’t prevail — at least at the moment — when she receives less than 30 percent of the vote from the white, non-college-educated Americans who live in the spaces between the cities

Democrats have become symbolically estranged from white, working-class America.

here is the largest, long-term Democratic challenge: It has become a provincial party. It is highly concentrated in urban areas and clings to the coasts. But our constitutional system puts emphasis on holding geography, particularly in the House of Representatives and the electoral college

In 2012, President Obama won the presidency with fewer than 700 counties out of more than 3,000 in the United States — a historical low. Clinton carried a little under 500 — about 15 percent of the total.

But why was the election even close enough for bad strategy in Wisconsin, Michigan and Pennsylvania, or utter incompetence by the FBI director, to matter?

Donald Trump was riding a modest electoral wave in certain parts of the country, but it was not large enough to overwhelm a reasonably capable Democratic candidate with a decent political strategy. Trump’s vote did not burst the levees; it barely lapped over the top of them in the industrial Midwest. The “blue wall” was too low by just a foot or two.

The Democratic candidate and her team could not protect the United States from a serious risk to its ideals and institutions by an untested and unstable novice who flirted with authoritarianism and made enough gaffes on an average Tuesday to sink a normal presidential campaign.

Hillary Clinton proved incapable of defeating a reality-television host whom more than 60 percent of Americans viewed as unfit to be president. It is perhaps the most humiliating moment in the long history of Mr. Jefferson’s party.

Yet it's impossible to understand what happened without grasping the proactive role played by government. "The banking sector did not decide out of the goodness of its heart to extend mortgages to poor people," commented University of Chicago Booth School of Business Finance Professor Raghuram Rajan in a telephone interview last week. "Politicians did that, and they would have taken great umbrage if the regulator stood in the way of more housing credit."

Rajan, author of Fault Lines, a recent book on the debacle, speaks with special authority to fans of Inside Job. Not only is he in the movie—one of the talking heads speaking wisdom about what occurred—he is accurately presented as having anticipated the meltdown in a 2005 paper called "Has Financial Development Made the World Riskier?" But the things he is quoted as saying in the film are restricted to serving its themes.

We get no inkling that Rajan's views on what made the world riskier, as set forth in his book, veer quite radically from those of Inside Job. They include, as he has written, "the political push for easy housing credit in the United States and the lax monetary policy [by the Federal Reserve] in the years 2003-2005."

I asked Ferguson why Inside Job made such brief mention of Fannie Mae and Freddie Mac, and even then without noting that they are government-sponsored enterprises, subject to special protection by the federal government—which their creditors clearly appreciated, given the unusually low interest rates their debt commanded.

Ferguson replied that their role in subprime mortgages was not very significant, and that in any case their behavior was not much different from that of other capitalist enterprises.

As has been documented, for example, in a forthcoming book on the GSEs called Guaranteed to Fail, there was a steady increase in affordable housing mandates imposed on these enterprises by Congress, one of several reasons why they were hardly like other capitalist enterprises, but tools and beneficiaries of government.

On the outsize role of the GSEs and other federal agencies in high-risk mortgages, figures compiled by former Fannie Mae Chief Credit Officer Edward Pinto show that as of mid-2008, more than 70% were accounted for by the federal government in one way or another, with nearly two-thirds of that held by Fannie and Freddie.

as I have a headache because (of) shrapnel in my head."

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The words include answers to simple questions such as the would-be militant's birth date, blood type, address, marital status and countries visited.

German intelligence officials said they, too, have similar if not identical documents, though they didn't detail how they got them.

That means the people questioned could have gone into ISIS-controlled territory, have been turned away or perhaps fought for the terror group in Syria and Iraq and then perhaps left. If they aren't in the war zone, one fear is that they may bring their ISIS approach, tactics and mindset elsewhere -- perhaps proving a threat to other countries.

Koths said. "We are taking these into consideration of our law enforcement measures and security. "

We have seen the attacks perpetrated on mainland Europe over the past year,"

That is why it is so important for us to work together to counter this threat."

Form has 23 items

Russia won’t accept defeat before trying every tactic, however brutal, and perhaps every weapon, however murderous. To force Russia to accept failure in Ukraine, the Biden administration would likely have to shift to a wartime mentality, perhaps including the kind of nuclear brinkmanship not seen since the Cuban missile crisis of 1962.

With China and Iran both committed to weakening American power by any available means, a confrontation with the revisionist powers spearheaded by Russia may prove to be the most arduous challenge faced by an American administration since the height of the Cold War.

But the other two options are also bad. A Russian victory would inflict a massive blow to American prestige and the health of the North Atlantic Treaty Organization, especially if the West were seen as forcing Ukraine to surrender to Russian demands

It would be hard to spin this as anything but a partial victory for Russia—and Mr. Putin would remain free to renew hostilities at a time of his choosing.

The failure to deter Mr. Putin’s attack on Ukraine is more than a failure of the Biden administration. Donald Trump, Barack Obama and George W. Bush must share the blame. This failure may prove to be even costlier than failing to prevent the 9/11 attacks,

President Biden’s place in history hangs on his ability to manage the consequences of this increasingly unspeakable and unpredictable war.

pro-business Free Democrats (FDP) party announced that it would no longer take part in coalition talks to form Germany’s next government. Though Merkel’s center-right Christian Democratic Union (CDU) party and its Bavarian Christian Social Union (CSU) sister party won the largest share of votes during the country’s general election in September, they failed to win enough seats to govern on their own.

This brings us to the last, and perhaps most drastic, option: new elections. But calling for new elections is hardly easy, nor would it be Merkel’s decision to make (though she said Monday that she would be open to the possibility if a coalition was not possible). Instead, the country’s Basic Law requires that German President Frank-Walter Steinmeier first nominate Merkel as chancellor, after which she would be required to earn a majority of votes in the German parliament, or Bundestag, before she could be reinstated. Only if she were to lose three attempts at such a vote would Steinmeier be able to

dissolve the Bundestag; then new elections would have to be held within 60 days. Though a recent poll found that 68 percent of Germans would favor of new elections if Jamaica coalition talks fail, it’s an option Steinmeier appears keen on avoiding, noting in a statement Monday that the parties’ responsibility to form a government “cannot be simply given back to the voters.”

“Germany is just becoming more normal. It would be a mistake to over-interpret what is happening. This is not Trump, this is not Brexit. Merkel is weakened, but she’s still in power. … Germany … [is] still very far removed from some of the things that we see around us.”

the United States would ask the United Nations to convene foreign ministers and envoys from Russia, China, Pakistan, Iran, India and United States “to discuss a unified approach to supporting peace in Afghanistan.”It added the United States will ask Turkey to host a senior-level meeting of “both sides in the coming weeks to finalize a peace agreement.”

Violence in Afghanistan has increased recently as peace talks between the Taliban and the government has made no progress. Both sides have said they were getting ready for a “tough” spring offensive.

In her first virtual meeting with her fellow members of the House Democratic Caucus since the Senate vote Friday, Pelosi prepared to initiate a House-led investigation despite the stiff GOP resistance, promising her colleagues she would keeping going until they find the truth.

"With regard to what a new commission could find out, I would remind you that this is probably the most comprehensive Justice Department investigation in the history of the country going on right now. Multiple people have been arrested, many will be prosecuted. Nobody is going to get away with anything who was involved in the incident at the Capitol on January 6th,"

"I think we will know everything we need to know -- we were all witnesses. We were right there when it happened and I simply think the commission is not necessary."

The speaker promised to continue the dialogue with her fellow members before making a final decision.Both Pelosi and Jeffries said they will reconvene the caucus soon to discuss their options going forward. /* dynamic basic css */ .AR_36.ob-widget .ob-widget-items-container {margin:0;padding:0;} .AR_36.ob-widget .ob-widget-items-container .ob-clearfix {display:block;width:100%;float:none;clear:both;height:0px;line-height:0px;font-size:0px;} .AR_36.ob-widget .ob-widget-items-container.ob-multi-row {padding-top: 2%;} .AR_36.ob-widget .ob-dynamic-rec-container {position:relative;margin:0;padding;0;} .AR_36.ob-widget .ob-dynamic-rec-link, .AR_36.ob-widget .ob-dynamic-rec-link:hover {text-decoration:none;} .AR_36.ob-widget .ob-rec-image-container .ob-video-icon-container {position:absolute;left:0;height:50%;width:100%;text-align:center;top:25%;} .AR_36.ob-widget .ob-rec-image-container .ob-video-icon {display:inline-block;height:100%;float:none;opacity:0.7;transition: opacity 500ms;} .AR_36.ob-widget .ob-rec-image-container .ob-video-icon:hover {opacity:1;} .AR_36.ob-widget .ob_what{direction:ltr;clear:both;padding:5px 10px 0px;} .AR_36 .ob_what a:after {content: "";vertical-align:super;;;background-image: url('https://widgets.outbrain.com/images/widgetIcons/achoice.svg');background-size:75% 75%;width:12px;height:12px;padding-left:4px;display:inline-block;background-repeat:no-repeat;background-position:right center;border-left:1px solid #999;} .AR_36.ob-widget .ob_what a{color:#757575;font-size:11px;font-family:arial;text-decoration: none;} .AR_36.ob-widget .ob_what.ob-hover:hover a{text-decoration: underline;} .AR_36.ob-widget .ob_amelia, .AR_36.ob-widget .ob_amelia_covid, .AR_36.ob-widget .ob_logo, .AR_36.ob-widget .ob_feed_logo, .AR_36.ob-widget .ob_sfeed_logo, .AR_36.ob-widget .ob_text_logo{vertical-align:baseline !important;display:inline-block;vertical-align:text-bottom;padding:0px 5px;box-sizing:content-box;-moz-box-sizing:content-box;-webkit-box-sizing:content-box;} .AR_36.ob-widget .ob_amelia{background:url('https://widgets.outbrain.com/images/widgetIcons/ob_logo_16x16.png') no-repeat center top;width:16px;height:16px;margin-bottom:-2px;} .AR_36.ob-widget .ob_amelia_covid{width:auto;height:16px;max-height:16px;margin-bottom:-2px;} .AR_36.ob-widget .ob_logo{background:url('https://widgets.outbrain.com/images/widgetIcons/ob_logo_67x12.png') no-repeat center top;width:67px;height:12px;} .AR_36.ob-widget .ob_text_logo{background:url('https://widgets.outbrain.com/images/widgetIcons/ob_text_logo_67x22.png') no-repeat center top;width:67px;height:22px;} .AR_36.ob-widget .ob_feed_logo{background:url('https://widgets.outbrain.com/images/widgetIcons/ob_feed_logo.png') no-repeat center top;width:86px;height:23px;} .AR_36.ob-widget .ob_sfeed_logo{background:url('https://widgets.outbrain.com/images/widgetIcons/ob_smartFeedLogo.min.svg') no-repeat center top;width:140px;height:21px;} .AR_36.ob-widget .ob_sphere_logo{background:url('https://widgets.outbrain.com/images/widgetIcons/ob_sphere.svg') no-repeat center top;width:93px;height:27px;vertical-align:baseline!important;display:inline-block;vertical-align:text-bottom;padding:0px 0px;box-sizing:content-box;-moz-box-sizing:content-box;-webkit-box-sizing:content-box;} @media only screen and (-webkit-min-device-pixel-ratio: 2),(min-resolution: 192dpi) { .AR_36.ob-widget .ob_amelia{background:url('https://widgets.outbrain.com/images/widgetIcons/ob_logo_16x16@2x.png') no-repeat center top;width:16px;height:16px;margin-bottom:-2px; 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That increases demand, which increases the stock’s price. Which means the brokers have to buy more shares, which means … you get the idea.

This weird little bubble doesn’t just affect the bettors, though. If big investors on the losing side of these trades have to raise money to cover their losses, it could mean dumping enough shares to hurt the prices of otherwise solid stocks.

If the sell-off is big enough, it could have a cascading effect that leads to broader losses for investors who have never bought or sold a share of GameStop.

Former UAW president Gary Jones pleaded guilty Wednesday to charges he embezzled more than $1 million of union funds.

UAW spokesman Brian Rothenberg said Gamble looks forward to meeting with Schneider.

“The UAW has made significant changes since Mr. Jones resigned and continues to look at ways to reform,” Rothenberg said.

One option Schneider said he would like the UAW to explore is the direct election of officers to make them more accountable. UAW officers are currently elected through delegates.

Jones, 63, entered his guilty plea during a videoconference hearing held by the U.S. District Court in Detroit.

Jones, a certified public accountant, was charged with conspiracy to embezzle funds from the UAW from 2010 through September 2019, and with conspiracy to defraud the United States by failing to pay taxes on the money prosecutors charge he stole. He resigned from the union last November.

The sides agreed to a sentencing guideline range of 46 to 57 months for Jones.

One option of a phased system that would see younger people -- potentially under 40, according to one option -- return to the workplace or business first, followed gradually by people slightly older until most of the country is back to normal.

Another option being considered is keeping in place restrictions only on vulnerable people and senior citizens, including on nursing homes, but allowing others to return as a group.

A third plan being considered would have Trump lift the federal guidelines but explicitly endorse individual governors acting however they see fit for their own states, including saying that some states should remain under stricter orders than others.

MR. ALLEN: O.K., O.K., wait. You’re proposing that the debt ceiling be increased month by month? MR. NORQUIST: Monthly. Monthly. Monthly if he’s good, weekly if he’s not.

In short, the debt limit is a hostage that Republicans are willing to kill or maim in pursuit of their agenda. They have made this clear ever since the debt ceiling debate in 2011, in which the Treasury came very close to defaulting on the debt.

At the risk of stating the obvious, the debt limit is nuts. It serves no useful purpose to allow members of Congress to vote for vast cuts in taxation and increases in spending and then tell the Treasury it is not permitted to sell bonds to cover the deficits Congress created. To my knowledge, no other nation has such a screwy system.

At some point, Treasury will lack the cash to pay the bills that are due and it will face nothing but unthinkable choices – don’t pay interest to bondholders and default on the debt, don’t pay Social Security benefits, don’t pay our soldiers in the field and so on.

In a new book, “Is U.S. Government Debt Different?,” Howell Jackson, a law professor at Harvard, walks through options for prioritizing government spending in the event that Republicans insist on committing financial suicide. They are all illegal or unconstitutional to one degree or another. They would require the Treasury to either abrogate Congress’s taxing power, spending power or borrowing power.

the question of what a president should do when he must act and all his options are unconstitutional. They cite Abraham Lincoln’s July 4, 1861, message to Congress in support of the idea that some laws are more unconstitutional than others and the president is empowered to violate the one that is least unconstitutional when he has no other option. Said Lincoln, “To state the question more directly, are all the laws, but one, to go unexecuted, and the government itself go to pieces, lest that one be violated?”

In the present case, of course, the one law would be the debt limit, which Professors Buchanan and Dorf say is less binding on the president than unilaterally cutting spending or raising taxes without congressional approval. Hence, if Republicans are truly mad and absolutely refuse to raise the debt limit, thereby risking default or the nonpayment of essential government bills, Professors Buchanan and Dorf believe the president would have the authority to sell bonds over and above the limit.

There are a host of practical problems any time the president is forced into uncharted constitutional territory, as Lincoln so often was. But when faced with an extortion demand from a political party that no longer feels bound by the historical norms of conduct, the president must be willing to do what has to be done.

Back in March, Bloomberg pollster Selzer and Company tested Romney’s favorable ratings and found that he was nearly 2-to-1 in the negative: 58 percent unfavorable versus just 32 percent favorable. That's even worse than most of Trump’s numbers this year.

Despite being largely out of public view in recent years, you see, Romney is still an unloved figure in American politics

This poll will surely lead a few Romney die-hards/NeverTrumpers to pine — or rather, continue pining — for a 2016 campaign in which Romney was the Clinton alternative rather than Trump.