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Javier E

Why Trump's Drastic Plan to Slash the Government Could Succeed - WSJ - 0 views

  • In campaign speeches and statements, the former president has promised to eliminate the independence of key federal agencies, reduce protections for civil servants, deny citizenship to tens of thousands of people born in the U.S. and wrest control of some authority over spending from Congress. If implemented, those measures and others Trump has proposed would amount to the most sweeping overhaul of the government in modern times, legal scholars said.
  • Trump’s agenda mirrors the longstanding priorities of prominent conservative groups, which have been working behind the scenes to revamp every corner of the government, agency by agency. The goal, conservative leaders said, isn’t only to shrink the size of the government, but also to snuff out perceived opposition to the president’s agenda within the bureaucratic ranks.
  • “I would hope this is a seminal moment to crush the deep state and the administrative state that has operated with its own set of agendas for a long time,”
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  • In practical terms, that means weakening measures first put in place in the 19th century that turned federal employment from a partisan spoils system into a professional workforce, and setting aside federal laws intended to insulate some areas of policy-making and enforcement from political interference.
  • Underpinning the effort is what is called the unitary executive principle, which draws from a constitutional clause that vests “the executive power” in the president. Conservative leaders argue that the clause gives the president virtually unchecked authority over the executive branch.
  • Conservative justices have signaled support for the unitary executive principle and repeatedly espoused skepticism of federal agencies, signaling they could have sympathy for Trump’s contention that the federal bureaucracy must be reined in. 
  • f he wins in 2024, Trump would find a friendlier court than the one that sometimes frustrated him. Amy Coney Barrett, Trump’s third pick for the high court, was seated just months before Trump left office, expanding its conservative majority and reducing the sway of Chief Justice John Roberts, who had joined the then four-member liberal bloc in finding Trump officials cut legal corners in trying to alter the census and cancel the DACA program.
  • Still, hurdles remain. There were occasions when each of Trump’s Supreme Court appointees joined with liberals or Roberts against conservative objectives.
  • Lawmakers of both parties, protective of their own power, would likely object to efforts by Trump to reassert what is known as the impoundment authority and allow a president to refuse to spend money appropriated by Congress. And former Trump administration officials say his focus can drift from one
  • some people who know him expressed concern that an emboldened Trump could push the limits of the law far beyond what he did in his first term, and would surround himself with advisers who are unwilling to resist his impulses. 
  • “I’m sympathetic to some of the initiatives that are being considered,” said Barr, who has been critical of the former president. “My concern generally is that the president is very imprudent and very excessive in anything he does, and therefore will end up doing things that end up actually curtailing executive power, rather than expanding it.”
  • the Supreme Court could be more open to the president taking more control over independent agencies and limiting protections for civil servants. 
  • “It’s hard to predict how far [the Supreme Court] would go. But I think there’s less judicial restraint and there’s more willingness to allow what were once seen as extreme or fringe constitutional arguments on the right to be entertained,” said Shalev Roisman, a University of Arizona law professor.
  • Trump advisers would seek greater power to hire and fire career federal employees so they can select who carries out presidential policies throughout the government. In 2020, Trump issued an executive order that could have stripped thousands of federal employees of civil service protections and removed competitive exams as a hiring criterion. President Biden rescinded that order, but Trump advisers are planning to resurrect it. 
  • Although the Supreme Court’s conservative majority holds a robust view of the unitary executive theory, it is unlikely there are sufficient votes to fully scrap the merit-based employment that has been part of the federal firmament for 140 years. But the president does have authority to manage the civil service system, and Trump could find a court open to expanding the class of employees that can be hired and fired at the White House’s discretion.
  • Trump advisers also are considering a broader challenge to Supreme Court precedent, hoping to win new authority to replace members of independent commissions at will—a step some justices have signaled they might consider. 
  • Conservative officials involved in the discussions reject the notion that Trump is trying to hoard unchecked authority, arguing that they want to revert to a vision of the presidency outlined in the Constitution. In their view, agencies essentially are extensions of the president and their employees serve at his pleasure. In a second Trump term, Vought said, “the bureaucracy would care more about what the president thinks and what his agenda is.”
  • Biden has ramped up his criticism of Trump, homing in on the former president’s efforts to expand his power. “This MAGA threat is the threat to the brick and mortar of our democratic institutions,”
  • The origins of conservatives’ efforts date back to 1982, when then-President Ronald Reagan established a commission to improve government efficiency, assembling more than 100 private-sector figures with the mandate to “drain the swamp” in Washington. The group, known as the Grace Commission, released a 47-volume report with more than 2,400 recommendations, including proposals to rethink protections for government workers.
  • Many of the recommendations were never implemented.
  • “It’s been hard to make progress on this front,” said ​​Veronique de Rugy, a senior research fellow at George Mason University’s Mercatus Center. “At its core, the incentives within government are for more spending, more growth, more intervention.”
Javier E

Opinion | Get to Know the Influential Conservative Intellectuals Who Help Explain G.O.P... - 0 views

  • The efforts to overturn the 2020 election failed. We’re told that’s because the institutions held. But it’s more accurate to say that most of the individuals holding powerful positions within those institutions — the White House, the Pentagon, the courts, election officials in Georgia and other states — sided with the Constitution over Mr. Trump’s desire to remain in power.
  • But what if key individuals decide differently the next time they are faced with this kind of choice? What if they have come to believe that the country is in such dire straits — has reached a state of apocalyptic decadence — that democracy is a luxury we can no longer afford?
  • A coalition of intellectual catastrophists on the American right is trying to convince people of just that
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  • — giving the next generation of Republican officeholders, senior advisers, judges and appointees explicit permission and encouragement to believe that the country is on the verge of collapse.
  • The list of people making these arguments includes former officials in the Trump administration, some of whom are likely to be considered for top jobs in the event of a Trump restoration in 2024.
  • The ideas about the threat of an all-powerful totalitarian left and the dismal state of the country — even the most outlandish of them — are taken seriously by conservative politicians as well as prominent influencers on the right.
  • If Mr. Trump manages to win the presidency again in 2024, many of these intellectual catastrophists could be ready and willing to justify deeds that could well bring American liberal democracy to its knees.
  • Mr. Anton’s “Flight 93” essay originally appeared on a website with modest traffic, but two days later Rush Limbaugh was reading it aloud in its entirety on his radio show. The essay set the tone of life-or-death struggle (and related imagery) that is common among catastrophists.
  • Mr. Anton updated and amplified the argument in a 2021 book, “The Stakes: America at the Point of No Return.”
  • The prospect of Mr. Biden’s becoming president constituted an “existential threat,” Mr. Eastman said, to the survivability of the country. Would we “completely repudiate every one of our founding principles” and allow ourselves to be “eradicated”? Those were the stakes, as he viewed them.
  • Once a thinker begins to conceive of politics as a pitched battle between the righteous and those who seek the country’s outright annihilation, extraordinary possibilities open up.
  • in May 2021, Mr. Anton came to conduct a two-hour podcast with a far-right Silicon Valley tech guru and self-described “monarchist,” Curtis Yarvin, in which the two agreed that the American “regime” is today most accurately described as a “theocratic oligarchy.” In that arrangement, an elite class of progressive “priests” ensconced in executive branch agencies, the universities, elite media and other leading institutions of civil society promulgate and enforce a distorted and self-serving version of reality that illegitimately justifies their rule.
  • It culminated in Mr. Yarvin sketching a scenario in which a would-be dictator he alternatively describes as “Caesar” and “Trump” defies the laws and norms of democratic transition and uses a “Trump app” to direct throngs of his supporters on the streets of the nation’s capital to do his bidding, insulating the would-be dictator from harm and the consequences of his democracy-defying acts.
  • Mr. Anton described Caesarism as one-man rule that emerges “after the decay of a republican order, when it can no longer function.”
  • he would prefer the country to embrace the principles of “1787 forever.” But if that is no longer possible, he said, the rule of a Caesar can be a necessary method to restore order.)
  • Those on the right primarily concerned about the fate of traditionalist Christian morals and worship in the United States insist that we already live in a regime that oppresses and brutalizes religious believers and conservatives. And they make those charges in a theologically inflected idiom that’s meant to address and amplify the right’s intense worries about persecution by progressives.
  • Among the most extreme catastrophists writing in this vein is Stephen Wolfe, whose book “The Case for Christian Nationalism” calls for a “just revolution” against America’s “gynocracy” (rule by women) that emasculates men, persuading them to affirm “feminine virtues, such as empathy, fairness and equality.” In its place, Mr. Wolfe proposes the installation of a “Christian prince,” or a form of “theocratic Caesarism.”
  • Other authors aspire to greater nuance by calling the dictatorship weighing down on religious believers soft totalitarianism, usually under the rule of social-justice progressivism. These writers often draw direct parallels between the fate of devout Christians in the contemporary United States and the struggles of Eastern Europeans who sought to practice their faith but were harshly persecuted by Soviet tyranny
  • the most recent book by the writer Rod Dreher, “Live Not by Lies: A Manual for Christian Dissidents.”
  • Patrick Deneen of the University of Notre Dame offers the most elaborate and intellectually sophisticated response in his recent book, “Regime Change: Toward a Postliberal Future.”
  • “Regime Change” is a much darker book that goes well beyond diagnosing America’s ills to propose what sounds, in certain passages, like a radical cure.
  • Mr. Deneen and other discontented intellectuals of the religious right can perhaps be most accurately described as political reactionaries looking to undertake a revolutionary act in reverse.
  • Growing numbers of Americans supposedly reject this outlook, demanding a postliberal government and social, cultural and economic order — basically, hard-right policies on religious and moral issues and hard left on economics. But the forces of liberalism are entrenched on the center left and center right, using every power at their disposal to prevent regime change.
  • In some passages, he advocates a “peaceful but vigorous overthrow of a corrupt and corrupting liberal ruling class” and proposes modest reforms to replace i
  • in other passages, Mr. Deneen goes much further, describing the separation of church and state as a “totalitarian undertaking” that must be reversed so that American public life can be fully integrated with conservative forms of Christianit
  • He even affirmatively quotes a passage from Machiavelli in which he talks of the need to use “extralegal and almost bestial” forms of resistance, including “mobs running through the streets,” in order to topple the powers that be.
  • The source of these maladies, Mr. Deneen claims, is liberalism, which until recently has dominated both political parties in the United States, imposing an ideology of individual rights and historical progress on the country from above. This ideology, he says, denigrates tradition, faith, authority and community.
  • Costin Alamariu, the person generally understood to be writing under the pseudonym Bronze Age Pervert.
  • He self-published a book in 2018, “Bronze Age Mindset,” which follows Friedrich Nietzsche and other authors beloved by the European far right in proclaiming that Western civilization itself is on the verge of collapse, its greatest achievements far in the past, its present a “garbage world” in an advanced state of decay.
  • All around us, Mr. Alamariu declares, greatness and beauty are under assault. Who are its enemies? Women, for one. (“It took 100 years of women in public life for them to almost totally destroy a civilization.”) Then there’s belief in democratic equality. (“I believe that democracy is the final cause of all the political problems I describe.”)
  • But blame must most of all be laid at the feet of the creature Mr. Alamariu calls the “bugman,” a term he uses to describe a majority of human beings alive today. This insectlike infestation venerates mediocrity and is “motivated by a titanic hatred of the well-turned-out and beautiful.”
  • Mr. Alamariu proposes breeding great men of strength who model themselves on pirates, disregarding laws and norms, plundering and taking anything they want and ultimately installing themselves as absolute rulers over the rest of us.
  • “Now imagine a man of Trump’s charisma, but who is not merely beholden to the generals, but one of them, and able to rule and intimidate them as well as seduce the many. … Caesars and Napoleons are sure to follow.”
  • In a recent essay, Mr. Alamariu wrote: “I believe in fascism or ‘something worse’ …. I believe in rule by a military caste of men who would be able to guide society toward a morality of eugenics.”
  • Mr. Alamariu’s recently self-published doctoral dissertation reached No. 23 on Amazon sitewide in mid-September. Among those on the right treating the author as a friend, ally or interlocutor worthy of respectful engagement are the prominent activist Christopher Rufo, the author Richard Hanania and the economist-blogger Tyler Cowen.
  • These writers are giving Republican elites permission and encouragement to do things that just a few years ago would have been considered unthinkable.
  • In a second term, Mr. Trump’s ambition is to fire tens of thousands of career civil servants throughout the federal bureaucracy and replace them with loyalists. He also reportedly plans to staff the executive branch with more aggressive right-wing lawyers. These would surely be people unwaveringly devoted to the president and his agenda as well as the danger the Democratic Party supposedly poses to the survival of the United States.
  • These writers also exercise a powerful influence on media personalities with large audiences. Tucker Carlson has interviewed Curtis Yarvin and declared that with regard to the 2024 election, “everything is at stake. What wouldn’t they do? What haven’t they done? How will you prepare yourself?”
  • Other right-wing influencers with large followings assert more bluntly that if conservatives lose in 2024, they will be hunted down and murdered by the regime.
  • It’s important that we respond to such statements by pointing out there is literally no evidence to support them. Other intellectual catastrophists are likewise wrong to suggest the country is ruled by a progressive tyranny, and we can know this because people on the right increasingly say such things while facing no legal consequences at all.
  • The question, then, is why the intellectual catastrophists have gotten to this point — and why others on the right are listening to them. The answer, I think, is an intense dislike of what America has become, combined with panic about the right’s ability to win sufficient power in the democratic arena to force a decisive change.
  • In refusing to accept that deal, many of the right’s most prominent writers are ceasing to behave like citizens, who must be willing to share rule with others, in favor of thinking and acting like commissars eager to serve a strongman.
Javier E

China has built a global network of ports critical to trade - Washington Post - 0 views

  • A decade ago, Chinese President Xi Jinping launched the Maritime Silk Road, the oceanic component of his flagship Belt and Road Initiative aimed at improving China’s access to world markets by investing in transportation infrastructure
  • China has already secured a significant stake in a network of global ports that are central to world trade and freedom of navigation. Although the stated goal of the investments was commercial, the United States and its allies have grown increasingly concerned about the potential military implications.
  • Xi has frequently talked of his ambition to turn China into a “maritime superpower.” The port network offers a glimpse into the reach of those ambitions.
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  • A decade later, China owns or operates ports and terminals at nearly 100 locations in over 50 countries, spanning every ocean and every continent. Many are located along some of the world’s most strategic waterways.
  • The majority of the investments have been made by companies owned by the Chinese government, effectively making Beijing and the Chinese Communist Party the biggest operator of the ports that lie at the heart of global supply chains.
  • But the investments go beyond that. They give Beijing a window into the business dealings of competitors and could be used to help China defend its supply routes, spy on U.S. military movements and potentially engage U.S. shipping, according to analysts
  • Strait of HormuzLeaked U.S. intelligence documents earlier this year suggested that China has revived an effort to establish military facilities at the United Arab Emirates port of Khalifa in the Persian Gulf, by the crucial Strait of Hormuz and just 50 miles away from an important U.S. military base.
  • Beijing is decades away from matching the U.S. military presence worldwide, but China has the biggest and fastest-growing navy in the world, and increasingly it is venturing beyond the shores of eastern Asia.
  • From having no naval presence in the Indian Ocean two decades ago, for instance, China now maintains six to eight warships in the region at any given time
  • A route for some major shipping lanes and global ports, the Indian Ocean was an early priority for China. About 80 percent of China’s trade crosses the ocean, including almost all of its oil. China’s port investments seem designed to protect the route. Beijing, for instance, has secured a 99-year lease at the port of Hambantota in Sri Lanka, giving it an important foothold on the busy shipping lane between Asia and the West.
  • In late 2015, China acknowledged it was building a military base adjacent to the Chinese-operated port of Djibouti. The African base was officially opened in 2017, only six miles away from a U.S. military base in the country. Located at the narrow entrance to the Red Sea, Djibouti is on one of the busiest shipping lanes in the world, where about 10 percent of global oil exports and 20 percent of commercial goods pass through the narrow strait to and from the Suez Canal.
  • Persian Gulf and Red SeaChina’s interest in these port locations goes beyond purely commercial concerns, U.S. officials say. Many are located at strategic chokepoints with high shipping traffic. At these locations, sea routes are narrow and ships are potentially vulnerable.
  • DjiboutiChina has already established one military facility adjoining a commercial port operation, in Djibouti, at the mouth of the Red Sea. U.S. officials say there are indications that it is scouting for more.
  • Suez CanalBeijing has also been growing its influence in ports on Egypt’s Suez Canal, a vital human-built waterway that provides a shortcut from Asia to Europe. Earlier this year, Chinese shipping companies announced investments in terminals at the ports of Ain Sokhna and Alexandria
  • EuropeChina already controls or has major investments in more than 20 European ports, giving it significant sway over the continent’s supply routes. Many serve as vital logistics and transshipment points for NATO and the U.S. Navy. “It’s a significant national and economic security concern,”
  • Logink portsOne way in which China has secured a commanding position is through a little-known software system called Logink, a digital logistics platform owned by the Chinese government. So far, at least 24 ports worldwide, including Rotterdam and Hamburg, have adopted the Logink system.
  • Logink potentially gives China access to vast quantities of normally proprietary information on the movements, management and pricing of goods moving around the world. The U.S. Transportation Department issued an advisory in August warning U.S. companies and agencies to avoid interacting with the system because of the risk of espionage and cyberattack.
  • The AmericasThe original Maritime Silk Road, as laid out in Chinese documents, focused on three main routes. The plan has expanded to include the Atlantic and the Americas. Latin America is one of the fastest-growing destinations for Chinese port investments. China manages ports at both ends of the Panama Canal. It is building from scratch a $3 billion megaport at Chancay in Peru that will transform trade between China and Latin America, enabling the world’s largest shipping containers to dock on the continent for the first time.
  • The United States is still the world’s biggest military power, with about 750 bases overseas. China, with only one, is a long way from matching U.S. naval power, said Stephen Watts of the Rand Corp. “The implications of these far-flung bases have been overblown,” he said. “China would be easily overcome in these small outposts if it came to a shooting match.”
  • But China’s port network presents a different kind of challenge to U.S. security interests, separate from the threat of war, said Isaac Kardon of the Carnegie Endowment for International Peace. China is now the world’s premier commercial maritime power, and its strategic hold over the world’s supply routes could be used to interdict or restrict U.S. trade, troop movements and freedom of navigation in a range of different ways. “It’s an asymmetrical threat,”
Javier E

Opinion | Why Did So Many Economists Get Disinflation Wrong? - The New York Times - 0 views

  • The Brookings Papers on Economic Activity, a conference held twice a year, is America’s premier forum for relating academic research to “the most urgent economic challenges of the day.” The lead presentation at the September 2022 conference was a paper by Laurence Ball, Daniel Leigh and Prachi Mishra on inflation. And its conclusions were dismal. Harvard’s Jason Furman, one of the assigned discussants, wrote an opinion piece calling it “the scariest economics paper of 2022,” suggesting that to get inflation down to 2 percent “we may need to tolerate unemployment of 6.5 percent for two years.”
  • My question instead is why so many economists got the inflation outlook so wrong.
  • Unemployment is still near a 50-year low, yet here’s what happened to the Federal Reserve’s preferred measure of underlying inflation, the personal consumption expenditures deflator excluding food and energy (try saying that five times fast):
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  • But when economists talk about inflation, they mean the rate at which prices are increasing, not their absolute level.
  • The first is: what disinflation? Prices are still a lot higher than they were three years ago.
  • let me deal with two complaints I often get when I talk about disinflation.
  • If you want a measure that’s closer to how people currently spend their money, you want the Harmonized Index of Consumer Prices.
  • The second complaint I constantly hear involves assertions that the supposed fall in inflation is fake, because economists exclude the prices of the things real people actually buy.
  • this is almost exactly wrong. The U.S. Consumer Price Index contains a lot of stuff people do not, in fact, actually buy. As we’ve discussed before in this newsletter, a quarter of the index is “owners’ equivalent rent,” an estimate of what homeowners would be paying if they were renting their houses.
  • trying to get the overall level of prices back to what it was before an inflationary shock, as opposed to stabilizing them, is almost always a bad idea.
  • The bottom line is that disinflation is real — indeed, spectacular.
  • Are we all the way back to 2 percent inflation? Probably not, although there’s a real angels-dancing-on-the-head-of-a-pin feel to the debate over the right measure of underlying inflation, and even over what that term really means
  • ut we’ve gotten most of the way there, without a recession or even a large rise in unemployment.
  • So why were many economists so pessimistic last fall?
  • what strikes me about the dire inflation predictions of summer and fall 2022 is their non sequiturness (non sequituritality?)
  • The Biden fiscal stimulus of early 2021 was very large, so it made sense to worry about excessive spending driving prices up. Predictions that inflation would remain stubbornly high, however, didn’t draw at all on the same logic; instead, pessimists came up with new, completely unrelated justifications for their pessimism.
  • these arguments for persistent inflation weren’t just unrelated to the original case for inflation; they were also unrelated to each other — almost as if economists were looking for reasons to be pessimistic.
  • I’d like to see some hard thinking about how so many of my colleagues got this story so wrong, and maybe even a bit of introspection about their motivations.
Javier E

A Handful of Accounts Create Most of What We See on Social Media - WSJ - 0 views

  • Social media is turning into old-fashioned network television.
  • A handful of accounts create most of the content that we see. Everyone else? They play the role of the audience, which is there to mostly amplify and applaud
  • The personal tidbits that people used to share on social media have been relegated to private group chats and their equivalent.
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  • The transformation of social media into mass media is largely because the rise of TikTok has demonstrated to every social-media company on the planet that people still really like things that can re-create the experience of TV
  • Advertisers also like things that function like TV, of course—after all, people are never more suggestible than when lulled into a sort of anesthetized mindlessness.
  • In this future, people who are good at making content with high production values will thrive, as audiences and tech company algorithms gravitate toward more professional content.
  • On these formerly-social platforms, whether content is coming from creators with better equipment and more skills, or Hollywood studios testing the waters, hardly matters. In the end, it will all look remarkably similar to the consumer.
  • It will look
  • like flipping through cable channels does, only our thumb on the remote has been replaced by our thumb on the screen of our phone, swiping from one TikTok, YouTube Short, or Instagram Reel to the next.
  • A telling indicator is the rise of a new kind of entertainment professional—the “creator.”
  • A creator is anyone who records or makes something that can go viral on the internet
  • TikTok is now more popular than Netflix among consumers younger than 35,
  • While YouTube and TikTok have always been about video, just about every other social-media platform that wants to keep people engaged is emphasizing it more than ever, so that’s what creators have to make,
  • His agency gets involved with creators and musicians at the earliest stages of their careers, helping them plan content, update their style, understand what the algorithms of different platforms demand, and connecting them with potentially lucrative brand deals
  • . Even more telling: In first place is YouTube, the original online TV analog.
  • Where attention flows, money—and content—must also. In 2023 brands will spend an estimated $6 billion on marketing through influencers—a subspecies of creators
  • Globally, the total addressable market for this kind of marketing is currently $250 billion
  • Then there is a new generation of shows that are going straight to TikTok, bypassing even streaming services
  • In the wake of the success of YouTube and TikTok, Facebook, Instagram, and even LinkedIn are all pushing more and more content made by professionals into our feeds,
  • In order to quantify how TikTok has mastered the art of discerning our interests and feeding us the most compelling possible content, Faltesek, of Oregon State University, conducted a two-year project to study exactly what kind of content TikTok pushes
  • With a team of students, he created dozens of fresh TikTok user accounts that didn’t like or interact with content in any way—they just let the algorithm play one video after another.
  • At the end of this exhaustive process of gathering data on TikTok’s algorithm, the conclusion became obvious, says Faltesek. “TikTok is television. It flips channels like TV, it provides a flow like TV.”
  • By this logic, Instagram’s move to copy TikTok, which is in turn encroaching on the turf of YouTube by allowing longer videos, and the increasing dominance of professional content on all three, means they’re all turning into TV. Even Threads, the new offering from Facebook parent company Meta, is fast becoming a broadcast medium for news, as Twitter was before it.
  • In every case, the structure of social networks has become one in which a handful of accounts create most of the content that others see, and the role of everyone else on the network is, primarily, to amplify and consume that content,
  • Some, like Magana, believe we’ll eventually see an ever more complete blending of what were once “social” platforms with the traditional television networks and even film studios.  
  • aren’t convinced they’ll eat the rest of the entertainment industry. “It’s hard to say this kind of short-form video will be the only kind of TV,” she reflects. “A long time ago, the internet became the new thing, but we still have the other forms on television, and scripted streaming shows. It’s almost like this is just another avenue for that—of watching shows and movies on your phone.”
Javier E

How inheritance data secretly explains U.S. inequality - The Washington Post - 0 views

  • Every three years the Fed, with the help of NORC at the University of Chicago, asks at least 4,500 Americans an astonishingly exhaustive, almost two-hour battery of questions on income and assets, from savings bonds to gambling winnings to mineral rights. One of our all-time favorite sources, the survey provides our best measure of America’s ghastly wealth disparities.
  • It also includes a deep dive on inheritance, the passing down of the family jewels (or whatnot) from parents (73 percent in 2022), grandparents (14 percent) and aunts and uncles (8 percent).
  • The average American has inherited about $58,000 as of 2022. But that’s if you include the majority of us whose total lifetime inheritance sits at $0
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  • Since 1992, the number of people getting inheritances from parents has nearly doubled even as bequests from grandparents and aunts and uncles have remained flat. Your 50s will be your peak inheriting ages, which makes sense given that an average 65-year-old in the U.S. can expect to live to around age 83 and your parents are, sadly, mortal.
  • If you look only at the lucky few who inherited anything, their average is $266,00
  • And if you look only at those in their 70s, it climbs to $344,000. Of course, that’s the value at the time of the gift. Add inflation and market-level returns and many bequests are worth much more by the time you earn your septuagenarian badge.
  • when we ran the numbers, we found they weren’t random at all.
  • White folks are about three times more likely to inherit than their Black, Hispanic or Asian friend
  • it remains vast enough to help explain why the typical White family has more than six times the net worth of the typical Black American famil
  • Up and down the demographic charts, it appears to be a case of to whom much is given … much more is given
  • Folks in the bottom 50 percent of earners inherit at half the national rate, while those in the top 1 percent are twice as likely to inherit something.
  • he confirmed that inheritances make the rich richer. But a rich kid’s true inheritance goes far beyond cash value: In a million less-measurable ways, elite parents give you a head start in life. By the time they die and hand you a windfall, you’ve already used all your advantages to accumulate wealth of your own.
  • “It’s not just the dollar amount that you get when your parents die,” Ricco said. “It’s the safety net that you had to start a business when you were younger, or the ability to put down a larger share of your savings into a down payment and a house because you know that you can save less for retirement.
  • “Little things like that are probably the main mechanisms through which intergenerational wealth is transmitted and are not easily captured just by the final value of what you see.”
  • Just one variable — how much you inherit — can account for more than 60 percent of U.S. wealth inequality
  • So, if you had to guess someone’s economic station in life and you could peek at only one data point, inheritance would be a pretty good bet. It’s one of the clearest socioeconomic signals on the planet.
  • “They actually reflect many advantages, many inequalities of opportunities that we face.”
  • The U.S. tax system does little to temper our uneven inheritance. Consider the stepped-up basis provision, “one of the most egregious (tax loopholes) that we have,”
  • When you sell something at a profit, you typically pay capital gains tax. But you can avoid that tax by holding the asset until you expire. At your death, the cost basis of your assets gets stepped up to their current value — meaning your heirs avoid getting taxed on what might be a very substantial gain.
  • Say you’re a natural-soda fan who bought $1,000 of Hansen Natural Corp. stock in 2000. You watched your money grow to more than $1.15 million as sleepy Hansen became the world-eating Monster Beverage Corp. Selling the stock would force you to pay capital gains on more than $1 million in earnings, so instead, you took it to the grave
  • (If you needed cash, you probably borrowed against your stockpiled stock pile, a common strategy among the 1 percent.)
  • If your heirs sell it, they’ll pay no taxes. If the value of the stock rises to, say, $1.151 million, they would owe taxes only on that extra $1,000.
  • Now multiply that loophole by the millions of homes, businesses, equities and other assets being handed down each year
  • It encourages older folks to hoard homes and businesses they can no longer make full use of, assets our housing-starved millennial readers would gladly snap up.
  • Early on, Goldwein said, it may have been considered necessary because it was difficult to determine the original value of long-held property. Revenue lost to the loophole was partly offset by a simpler-to-administer levy: the estate tax.
  • For now, you’ll pay the federal estate tax only on the part of your fortune that exceeds $12.92 million ($25.84 million for couples), and rising to $13.61 million in 2024 — and that’s only if your tax lawyers aren’t smart enough to dodge it.
  • “Between politicians continuing to cut the estate tax and taxpayers becoming increasingly good at avoiding it, very few now pay it,” Goldwein said. “That means we now have a big net tax break for most people inheriting large amounts of money.”
  • Kumon presents a convincing explanation: If you didn’t produce a male heir in Japan, it was customary to adopt one. A surplus son from another family would marry into yours. That kept your property in the family.
  • In Europe, if an elite family didn’t produce a male heir, which happened more than a quarter of the time, the default was for a daughter to marry into another well-off family and merge assets. So while Japanese family lines remained intact from generation to generation, European family lines merged, concentrating wealth into fewer and fewer hands.
  • As other families compete to marry into the Darcys’ colossal estate — spoiler for a novel from 1813! — inequality increases.
  • Given a few centuries, even subtle variations in inheritance patterns can produce sweeping societal differences.
Javier E

Why Is Stanley Fish Teaching at Florida's New College? - 0 views

  • Given how controversial New College is, why do you want to teach there now?Well, the simple nitty gritty reason is that I’m 85 years old, and someone who asks me to teach courses is a godsend. So I responded affirmatively.
  • t first I wanted to ask about Ralston College, in Savannah, Ga., which you’ve been involved with at the planning stage, and which seems to promise a kind of great books or neotraditional education.
  • It took about a decade of fundraising and planning and gift-giving for the college to begin but it’s now in operation. I was there less than a year ago, giving a lecture and talking to students and faculty members. I gave a talk about hate speech and free speech. And the morning before the talk, I attended a class on Homer, the Iliad. What was amazing about it was that not only was the Iliad being read in the original Greek, but the conversations between the students and the faculty member were being conducted in Greek. And six months before this course began, no student in it — and there were about 25 — had any knowledge whatsoever of the Greek language or Greek culture.
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  • Yes, that’s right. And the discussion was very precise about details of the verse and how it worked, and how various words interacted with one another or were opposed to one another.
  • Not that I was able to participate! I wish I could. I took a little Greek 110 years ago and have long since forgotten it, but it was inspiring. These people were thoroughly engaged.
  • So that itself is an amazing piece of evidence. One might call it a piece of testimony.It seems almost impossible.
  • How did you know, if it was in Greek?Oh, I could tell that much. There’s a certain kind of gesturing with respect to texts that is known to any of us who have worked with texts for a while.
  • It’s been my mission, notably unsuccessful, for many years to make people understand that academic work, including in your writing and in your classes, is one thing and political work is another, and that the two should not be confused nor should they be intermingled. You can have any number of political issues brought into the classroom so long as they are brought into the classroom as objects of analysis or description and not as agendas either to be embraced or rejected. That’s what I’ve been arguing, one might even say preaching, for a long time.
  • I don’t want my classroom, or any classroom in a college or university that I’m teaching in, to be thought of as the vehicle of some program or agenda, no matter how virtuous it might be. Virtue is not the business of the academy
  • You have a famously minimalist definition of academic freedom — “Academics are not free in any special sense to do anything but their jobs,” as you write in Versions of Academic Freedom. Minimalist and correct.
  • When I was a dean at the College of Liberal Arts and Sciences at the University of Illinois at Chicago, I helped implement and inaugurate the first Native American-studies program at the University of Illinois. And I spoke at the inaugural luncheon. What I told them was, “It is without doubt the case that activism of a variety of kinds is what brought you to this point.” There wouldn’t now be a Native American-studies program at UIC if activists of a polemical kind weren’t working toward that end. “Now I want you,” I said, “to forget the history that brought you here, because now that you’re part of a university setting, you’re no longer activists, you’re academics. If you become or continue to be activists, the academics in the university will have a derisory view of you.”
  • It’s implausible to me that a dissertation student studying with, say, Judith Butler or Fredric Jameson is not, by definition, imbibing methods that are politically normative but also very valuable. A lot of critical traditions, in gender studies or in Marxian literary criticism — or in say, Straussian political theory — are entwined with normative political or ideological commitments. There’s no way to expel those commitments from a vibrant department of the humanities.
  • Well, you don’t have to expel them. The question you have to ask is, Are they primary in the minds of those who are teaching in the classrooms? If we’re in a community that has a certain set of standards and modes of operation, what we want to do is be faithful to those standards and modes of operation. And if now and then those deeper commitments kind of seep through, well, yes, that’s inevitable. But that’s quite different from having an ideologically centered classroom.
Javier E

Binance Guilty Plea Shows What Crypto's Really About - WSJ - 0 views

  • So it turns out that of the two largest crypto exchanges, one was a fraud and the other was a money launderer. Whoever could have guessed?
  • Skeptics of bitcoin and other cryptocurrencies have had their prejudices reinforced. The two main use cases—fraud and crime—have been exposed to the public in dramatic fashion, so now all we have to do is sit back and wait for the inevitable collapse in value.
  • There must be something underpinning this value, so what is it? Here are the options:
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  • Digital art: The latest fad in crypto is a bitcoin “ordinal,” digital art—or anything else—virtually inscribed on a fraction of a bitcoin in the digital ledger known as the blockchain.
  • The sudden demand supports bitcoin’s value, in the same way that shopping in bitcoin would. I don’t understand why anyone would pay a cent, let alone real money, to inscribe art in the bitcoin blockchain, but hey, whatever floats your boat. 
  • The rise in small bitcoin transactions also shows just how useless it is as a currency, and why it’s nonsensical to think bitcoin could ever be used as real money. The median fee leapt to more than $5 over the past week, even as transaction sizes plunged, an insane cost to pay for something invented as a payment method.
  • Crime: I was tempted a few years ago by the idea that the value of crypto could be underpinned by genuine transactions that need to avoid the financial system: buying illegal drugs; money laundering; avoiding sanctions; anonymous (but legal) pornography purchases; terrorist finance; and ransomware. 
  • Digital gold: When it became clear that bitcoin was useless as a currency, its backers switched to claiming that it is a store of value, with its maximum issuance offering protection against the money-printing tendencies of the Federal Reserve. The argument was tested to destruction over the past two years. Inflation was last below the Fed’s 2% target in February 2021, when one bitcoin cost close to $50,000. By the time inflation peaked in June last year the price had collapsed to $20,000, the opposite of what it should have done.
  • There was a time when savers in countries with dodgy currencies and bad governments would buy bitcoin or other crypto to escape devaluation and avoid capital controls. But the rise of stablecoins allows these savers to buy digital dollars without the pain of trying to open offshore bank accounts, so they have no need for other cryptocurrencies
  • Gambling: Crypto offers a store of volatility more than a store of value. Its volatility makes it an excellent way to bet, and the pretense that it is an investment asset gives speculators cover; it sounds much better to say you are a crypto trader than that you just bet $100,000 at the track.
  • Basing the value of an asset on speculation is risky, because the value depends on everyone else betting that it has value. But so long as the merry-go-round continues, it looks like it has value, and decentralized finance, or DeFi, provides the infrastructure for speculation in the language of Wall Street.
  • Bitcoin’s moves over the past three years have been much closer to the S&P 500 than to gold or inflation. But stocks are an investment in real assets that pay dividends, while bitcoin produces nothing.
  • Lots of that was going on, and Binance has paid the price for helping. Bitcoin isn’t a particularly good way to hide from the cops, anyway, as repeated police busts have demonstrated. Crypto has to clean up its act, so basing its value on illegal transactions no longer makes sense.
  • Bitcoin has failed to live up to its original promise of being cheap online cash, but crypto keeps on reinventing itself. It’s so technically satisfying that it must be the solution to something, but quite what remains a mystery.
Javier E

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

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

Opinion | How AI is transforming education at the University of Mississippi - The Washi... - 0 views

  • Perplexity AI “unlocks the power of knowledge with information discovery and sharing.” This, it turns out, means “does research.” Type something into it, and it spits out a comprehensive answer, always sourced and sometimes bulleted. You might say this is just Google on steroids — but really, it is Google with a bibliography.
  • Caleb Jackson, a 22-year-old junior at Ole Miss studying part time, is a fan. This way, he doesn’t have to spend hours between night shifts and online classes trawling the internet for sources. Perplexity can find them, and he can get to writing that much sooner.
  • What’s most important to Ole Miss faculty members is that students use these tools with integrity. If the university doesn’t have a campuswide AI honor code, and so far it doesn’t, individual classes should. And no matter whether professors permit all applications of AI, as some teachers have tried, or only the narrowest, students should have to disclose just how much help they had from robots.
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  • “Write a five-paragraph essay on Virginia Woolf’s ‘To the Lighthouse.’” Too generic? Well, how about “Write a five-paragraph essay on the theme of loss in ‘To the Lighthouse’”? Too high-schoolish? “Add some bigger words, please.” The product might not be ready to turn in the moment it is born, fully formed, from ChatGPT’s head. But with enough tweaking — either by the student or by the machine at the student’s demand — chances are the output can muster at least a passing grade.
  • Which of these uses are okay? Which aren’t? The harnessing of an AI tool to create an annotated bibliography likely doesn’t rankle even librarians the way relying on that same tool to draft a reflection on Virginia Woolf offends the professor of the modern novel. Why? Because that kind of contemplation goes closer to the heart of what education is really about.
  • the core of the question colleges now face. They can’t really stop students from using AI in class. They might not be able to notice students have done so at all, and when they do think they’ve noticed they’ll be acting only on suspicion. But maybe teachers can control the ways in which students use AI in class.
  • Figuring out exactly what ways those ought to be requires educators to determine what they care about in essays — what they are desperate to hear. The purpose of these papers is for students to demonstrate what they’ve learned, from hard facts to compositional know-how, and for teachers to assess how their pupils are progressing. The answer to what teachers want to get from students in their written work depends on what they want to give to students.
  • ChatGPT is sort of in a class of its own, because it can be almost anything its users want it to be so long as they possess one essential skill: prompt engineering. This means, basically, manipulating the machine not only into giving you an answer but also into giving you the kind of answer you’re looking for.
  • The next concern is that students should use AI in a manner that improves not only their writing but also their thinking — in short, in a manner that enhances learning rather than bypasses the need to learn at all.
  • This simple principle makes for complicated practice. Certainly, no one is going to learn anything by letting AI write an essay in its entirety. What about letting AI brainstorm an idea, on the other hand, or write an outline, or gin up a counter-argument? Lyndsey Cook, a senior at Ole Miss planning a career in nursing, finds the brainstorming especially helpful: She’ll ask ChatGPT or another tool to identify the themes in a piece of literature, and then she’ll go back and look for them herself.
  • These shortcuts, on the one hand, might interfere with students’ learning to brainstorm, outline or see the other side of things on their own
  • But — here comes a human-generated counterargument — they may also aid students in surmounting obstacles in their composition that otherwise would have stopped them short. That’s particularly true of kids whose high schools didn’t send them to college already equipped with these capabilities.
  • Allow AI to boost you over these early hurdles, and suddenly the opportunity for deeper learning — the opportunity to really write — will open up. That’s how Caleb Jackson, the part-time student for whom Perplexity has been such a boon, sees it: His professor, he says , wanted them to “get away from the high-school paper and go further, to write something larger like a thesis.”
  • maybe, as one young Ole Miss faculty member put it to me, this risks “losing the value of the struggle.” That, she says, is what she is scared will go away.
  • All this invites the most important question there is: What is learning for?
  • Learning, in college, can be instrumental. According to this view, the aim of teaching is to prepare students to live in the real world, so all that really matters is whether they have the chops to field jobs that feed themselves and their families. Perhaps knowing how to use AI to do any given task for you, then, is one of the most valuable skills out there — the same way it pays to be quick with a calculator.
  • If you accept this line of argument, however, there are still drawbacks to robotic crutches. Some level of critical thinking is necessary to function as an adult, and if AI stymies its development even the instrumental aim of education is thwarted. The same goes for that “value of the struggle.” The real world is full of adversity, much of which the largest language model can’t tell you how to overcome.
  • more compelling is the idea, probably shared by most college professors, that learning isn’t only instrumental after all — that it has intrinsic value and that it is the end rather than merely a means to one.
  • Every step along the way that is skipped, the shorter the journey becomes, the less we will take in as we travel.
  • This glummest of outlooks suggests that AI will stunt personal growth even if it doesn’t harm professional prospects.
  • While that doesn’t mean it’s wise to prohibit every little application of the technology in class, it probably does mean discouraging those most closely related to critical thinking.
  • One approach is to alter standards for grading, so that the things the machines are worst at are also the things that earn the best marks: originality, say, or depth of feeling, or so-called metacognition — the process of thinking about one’s own thinking or one’s own learning.
  • Hopefully, these things are also the most valuable because they are what make us human.
  • Caleb Jackson only wants AI to help him write his papers — not to write them for him. “If ChatGPT will get you an A, and you yourself might get a C, it’s like, ‘Well, I earned that C.’” He pauses. “That might sound crazy.”
  • Dominic Tovar agrees. Let AI take charge of everything, and, “They’re not so much tools at that point. They’re just replacing you.”
  • Lyndsey Cook, too, believes that even if these systems could reliably find the answers to the most vexing research problems, “it would take away from research itself” — because scientific inquiry is valuable for its own sake. “To have AI say, ‘Hey, this is the answer …’” she trails off, sounding dispirited.
  • Claire Mischker, lecturer of composition and director of the Ole Miss graduate writing center, asked her students at the end of last semester to turn in short reflections on their experience in her class. She received submissions that she was near certain were produced by ChatGPT — “that,” she says as sarcastically as she does mournfully, “felt really good.
  • The central theme of the course was empathy.
Javier E

Studios Are Loosening Their Reluctance to Send Old Shows Back to Netflix - The New York... - 0 views

  • around five years ago, executives realized they were “selling nuclear weapons technology” to a powerful rival, as Disney’s chief executive, Robert A. Iger, put it. Studios needed those same beloved movies and shows for the streaming services they were building from scratch, and fueling Netflix’s rise was only hurting them. The content spigots were, in large part, turned off.
  • Confronting sizable debt burdens and the fact that most streaming services still don’t make money, studios like Disney and Warner Bros. Discovery have begun to soften their do-not-sell-to-Netflix stances. The companies are still holding back their most popular content — movies from the Disney-owned Star Wars and Marvel universes and blockbuster original series like HBO’s “Game of Thrones” aren’t going anywhere — but dozens of other films like “Dune” and “Prometheus” and series like “Young Sheldon” are being sent to the streaming behemoth in return for much-needed cash. And Netflix is once again benefiting.
Javier E

How a French Bank Captured Haiti - The New York Times - 0 views

  • The documents help explain why Haiti remained on the sidelines during a period so rich with modernization and optimism that Americans dubbed it the Gilded Age and the French called it the Belle Époque. This extraordinary growth benefited both faraway powers and developing neighbors, yet Haiti had vanishingly little to invest in basics like running water, electricity or education.
  • The damage was lasting. Over three decades, French shareholders made profits of at least $136 million in today’s dollars from Haiti’s national bank — about an entire year’s worth of the country’s tax revenues at the time, the documents show.
  • The financial historian Éric Monnet of the Paris School of Economics summed up the national bank’s role as “pure extraction.”
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  • Had the wealth siphoned off by Haiti’s national bank stayed in the country, it would have added at least $1.7 billion to Haiti’s economy over the years — more than all of the government’s revenues in 2021.
  • “Isn’t it funny,” the Haitian politician and economist Edmond Paul wrote of the national bank in 1880, “that a bank that claims to come to the rescue of a depleted public treasury begins not by depositing money but by withdrawing everything of value?”
  • But while Haitians themselves were poor, Haiti could make you rich. As a British diplomat, Spenser St. John, wrote in 1884: “No country possesses greater capabilities, or a better geographical position, or more variety of soil, of climate, or of production.”
  • Slaveholders had taken that wealth for themselves, first with the whip, then with a flotilla of French warships, demanding compensation for plantations, land and what France considered its other lost property: the Haitian people. It was the first and only instance in which generations of free people had to pay the descendants of their former slave masters.
  • Beyond bricks and steel, Haiti earmarked about 20 percent of the French loan to pay off the last of the debt linked to France’s original ransom, according to the loan contract. “The country will finally come out of its malaise,” the Haitian government’s annual report predicted that year. “Our finances will prosper.”
  • None of that happened. Right off the top, French bankers took 40 percent of the loan in commissions and fees. The rest paid off old debts, or disappeared into the pockets of corrupt Haitian politicians.
  • The 1875 loan from Crédit Industriel and its partner left two major legacies. First is what the economist Thomas Piketty called the transition from “brutal colonialism” to “neocolonialism through debt.”
  • Haiti took on millions in new interest, hoping to finally shed the burden of paying its former slave masters. In that way, the loan helped prolong the misery of Haiti’s financial indentureship to France. Long after the former slaveholding families considered the debt settled, Haiti would still be paying — only now to Crédit Industriel.
lilyrashkind

Trump Defends Second Amendment in Speech to NRA Days After Texas Shooting | Politics | ... - 0 views

  • With the nation in fresh mourning and horror over the shooting deaths of 19 children and two teachers at a Texas elementary school and the delayed response of law enforcement, many Texas politicians and performers skipped the National Rifle Association convention, which began Friday in Houston.That was not the choice of former President Donald Trump, who headlined the NRA's opening day meeting and chided those who did not "show up" at the event. He started with an homage to the victims, reading each name as a gong resounded offstage. He then segued into a laundry list of policies to control gun violence – some of which have been undermined as details of Tuesday's mass shooting have been revealed.
  • "We witnessed a now familiar parade of cynical politicians seeking to exploit the tears of sobbing families to increase their own power and take away our constitutional rights," Trump said, slamming Democratic lawmakers who have appealed for universal background checks or more restrictive gun laws.
  • Clearly reveling in the warm reception he got from the NRA members – none of whom was allowed to carry guns into the event, since Trump is protected by the Secret Service – Trump pledged that the GOP would be back in control of Congress after this year's elections and back in the "beautiful" White House after the 2024 contest.As the NRA held its convention, officials 275 miles away in Uvalde struggled to explain why law enforcement failed to enter Robb Elementary School even as children lay dying and calling 911 with pleas for help.
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  • And it undercut the first-day assessment by Texas Gov. Greg Abbott, who praised law enforcement for their "quick response" to the attack, which he said saved lives.
  • Reports since then reveal a grisly, wrenching scene, where terrified students waited for help as the shooter, armed with an assault rifle, continued his rampage. One student told of laying on top of a classmate, smearing her blood on her so both would appear dead, to save them both. The girl who was injured died at the hospital from her injuries, raising questions about whether she would have survived if the reaction had been quicker.Abbott, a vociferous gun rights proponent who last year signed a law allowing people to own guns without a license or training, was originally scheduled to speak at the NRA convention. Thursday night, his office said the governor would instead head to Uvalde, supplying a video speech to show at the NRA meeting.
  • Well-known sports figures decried the gun violence and what they called inaction by elected officials to address it. During Thursday evening's baseball game between the New York Yankees and the Tampa Bay Rays, both teams abandoned their usual game-update tweets for a series of tweets on gun violence."The devastating events that took place in Uvalde, Buffalo and countless other communities across our nation are tragedies that are intolerable," the Yankees said on the team's official Twitter account, referring to the racist-motivated murder of 10 Black shoppers in Buffalo on May 16.
lilyrashkind

Lesson of the Day: 'An Intimate Look at Mexico's Indigenous Seri People' - The New York... - 0 views

  • People.” Photographs and Text by Núria López TorresThe Seri, an Indigenous nation of only about 1,000 people, have lived in northwestern Mexico for hundreds, if not thousands, of years. Their identity is deeply tied to their natural environment, which in recent decades has been susceptible to an increasing number of threats related to climate change.
  • What is one thing you can infer about the Seri people based on their origin story of the Earth?Does this story remind you of any others about how Earth was created from other cultures and religions?
  • 3. How has climate change threatened core aspects of the Seri people’s culture? What other challenges has the community faced?4. What actions have Seri women taken to protect their territory and heritage?
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  • What is your reaction to the article? What did you learn? What emotions, thoughts or questions did you have after reading? Respond to these questions in your journal.
  • Look closely at the photograph you selected and ask yourself these questions from Ms. Farr’s lesson:Does the photo have high-contrast colors, low-contrast colors or a mix of both?What’s the first thing you see in the photo? What’s the next thing you notice?
  • Finally, choose one quotation from the article to pair with the photograph you selected. How does the photograph help illustrate an idea from the quotation? You can share your selection with classmates and then discuss which photographs and quotations you selected and why.
criscimagnael

What Canada Doesn't Know About Its Guns - The New York Times - 0 views

  • A drone lifted off from Michigan this month and flew across the St. Clair River toward Port Lambton, Ontario. Its spooked pilot aborted the landing after being spotted by a neighbor, leaving the police to later fish the drone out of a tree and discover 11 handguns strapped to it with plastic bags, tape and carabiner clips.
  • The problem is also glaring on the U.S.-Mexico border. Last August, Mexico sued 10 American gunmakers, blaming them for fueling violence in Mexico.
  • The spillover across Canada’s border with the United States extends beyond the guns themselves to the shared grief and calls for increased firearms regulations in the wake of mass shootings, including two just this month: 10 people were killed in a racist attack in a Buffalo supermarket on May 14; and 19 students and two teachers were killed on Tuesday at an elementary school in Uvalde, Texas.
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  • “Conservatives very much associate themselves now with the opposition to gun control, but that wasn’t always the case,” Blake Brown, a history professor at Saint Mary’s University in Halifax, told me. He said that Liberals and Conservatives passed firearms control measures in the 1950s and 1960s, and that both parties strengthened Canada’s gun laws in the years following the 1989 Montreal massacre.
  • As of May 18, Canadians who purchase a nonrestricted firearm, basically a rifle or shotgun, must provide identification as well as a valid firearms license. Businesses are required to keep these records, which may be viewed by the police with a warrant.
  • Two years ago, after the deadliest mass shooting in Canada’s history took place in Nova Scotia, his government banned military-style assault weapons. Last week, it carried out previously announced firearms record-keeping regulations.
  • “Certainly there have been periods in American history where they’ve been more aggressive in gun control than in Canada,” he said. “But, overall, the trend has been that Canada has seen themselves differently when it comes to firearms.” That has led to stricter gun laws amid fears of importing American gun violence.
  • It found that shotguns and rifles in Canada’s illegal market generally enter the system through legal purchases. That’s unlike illicit handguns, it said, which tend to be smuggled into Canada.
  • Since there is no systemic data collection on the origins of crime guns, one internal Statistics Canada presentation I read emphatically placed it in the “What we don’t know” category.
  • Without gun tracing and better data, the full picture of the United States’ effect on gun crimes in Canada will remain incomplete and based on haphazardly-tracked incidents like that of the gun-toting drone.
criscimagnael

Who Is Protected Against Monkeypox? - The New York Times - 0 views

  • Older people who received smallpox vaccinations may yet have some immunity, researchers say. Healthy children and adults generally do not become severely ill.
  • The answer is reassuring. Most children and adults with healthy immune systems are likely to dodge severe illness, experts said in interviews. But there are two high-risk groups.
  • One comprises infants younger than six months.
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  • “We can’t guarantee that a person who was vaccinated against smallpox is still going to be protected against monkeypox,” Dr. Fauci said.
  • In the United States, routine immunization for smallpox ceased in 1972. The military continued its vaccination program until 1991 as a precaution against a bioterrorism attack.
  • And many older adults, the group most likely to succumb to the monkeypox virus, are at least somewhat protected by decades-old smallpox vaccinations, studies suggest.
  • Monkeypox takes up to 12 days to cause symptoms, giving doctors a window of at least five days after exposure to vaccinate and forestall disease. (The approach, called post-exposure prophylaxis, is not an option for Covid patients because the coronavirus can start to ravage the body just a couple days after exposure.)
  • The agency is working to expand that capacity, she said, adding: “We’ve been preparing for this type of outbreak for decades.”
  • Each pustule contains live virus, and a ruptured blister can contaminate bed linens and other items, putting close contacts at risk. Infected people should also be very careful about rubbing their eyes because the virus can destroy sight.
  • “We’re lucky to have vaccines and therapeutics — things that can mitigate all that,” said Anne Rimoin, an epidemiologist at the University of California, Los Angeles, who has studied monkeypox in Africa. “We do have the ability to stop this virus.”
  • In the United States, the Centers for Disease Control and Prevention is tracking nine cases in seven states, not all of which have a history of travel to countries where monkeypox is endemic. That suggests that there may already be some level of community transmission, Dr. Rochelle Walensky, the agency’s director, told reporters on Thursday.
  • A majority of those infected currently are men under 50, and many identify as gay or bisexual, which may reflect the outbreak’s possible origins at a Gay Pride event in the Canary Islands. (The outbreak could just as easily have started among heterosexual people at a large event, experts said.)
  • No deaths have been reported. But experts are particularly concerned about close contacts who are children, older adults or who have weak immune systems for other reasons.
  • “Until we know more, we will be using available vaccine stocks for people who’ve had close contact with known cases, and people at highest risk for exposure through their jobs, like health care workers treating monkeypox patients,” he said.
  • Many of the most vulnerable groups may already be protected. In one study, Dr. Slifka and his colleagues drew blood from 306 vaccinated volunteers, some of whom had been immunized decades earlier, including one who had been immunized 75 years before. Most of them maintained high levels of antibodies to smallpox.
  • “We wouldn’t want to take the chance that somebody was left unprotected,” she said.
  • Laboratory evidence of antibodies does not prove that smallpox vaccination can protect against monkeypox. But answering that question would require that study participants be deliberately infected with smallpox or a related virus, an obviously unethical experiment.
  • The other three vaccinated individuals had no symptoms at all. “They didn’t even know they had been infected,” Dr. Slifka said.
  • The eradication of smallpox, while one of the greatest achievements in public health, has left populations vulnerable to the virus and to its cousins.
  • “If monkeypox were to establish itself in a wildlife reservoir outside of Africa, the public health setback would be enormous,” Dr. Rimoin said. “That, I think, is a legitimate concern.”
criscimagnael

North Korea Launches Suspected ICBM and Two Other Ballistic Missiles - The New York Times - 0 views

  • North Korea launched three ballistic missiles, including a possible intercontinental ballistic missile, toward the waters off its east coast on Wednesday, South Korea’s military said. The launches came just after President Biden wrapped up a trip to the region, where he vowed to strengthen deterrence against the North’s growing nuclear threat.
  • It was North Korea’s 17th missile test this year.
  • Shortly after the North’s tests, the South Korean and United States militaries each launched a land-to-land missile off the east coast of South Korea to demonstrate what Seoul called the allies’ “swift striking capability to deter further provocations from North Korea,” as well as the South Korean military’s “overwhelming” ability to launch “precision strikes at the origin of North Korean provocation.”
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  • The first missile launched on Wednesday by North Korea appeared to have been an ICBM, South Korean defense officials said. But it flew only 224 miles, the officials said, indicating that North Korea did not want to launch the missile on a full ICBM trajectory over the Pacific while Mr. Biden was in the air on his way back to Washington after a visit to Seoul and Tokyo.
  • The second missile launched on Wednesday apparently failed because it “disintegrated” after reaching an altitude of 12 miles, the South Korean officials said. The third projectile was a short-range ballistic missile.
  • The missile launches on Wednesday were a strong signal that North Korea was embarking on a new cycle of tensions in the Korean Peninsula despite the country’s first reported outbreak of the coronavirus. It also constituted North Korea’s public reaction to Mr. Biden’s trip to the region, where he met with the leaders of South Korea and Japan and vowed to step up measures, including joint military exercises, to help deter the growing nuclear and missile threat from the North.
  • But like his conservative predecessors, he attached an important caveat: Such economic largess would be possible only “if North Korea genuinely embarks on a process to complete denuclearization.”
  • In the same speech, he seemed to take a page from the playbook of President Vladimir V. Putin of Russia when he warned that his nuclear arsenal was not just to deter foreign invasion, but also to be used “if any forces try to violate the fundamental interests of our state.”
  • “North Korea continues to improve, expand and diversify its conventional and nuclear missile capabilities, posing an increasing risk to the U.S. homeland and U.S. forces, allies, and partners in the region,” John Plumb, the U.S. assistant secretary of defense for space policy, told the Senate Armed Services Committee this month. “Most of North Korea’s ballistic missiles have an assessed capability to carry nuclear payloads.”
criscimagnael

Air Force members denied religious exemptions to COVID vaccine file lawsuit to stop pun... - 0 views

  • A federal lawsuit has been filed on behalf of multiple Air Force service members seeking protections against punishment by the military after they were denied religious exemptions to the COVID-19 vaccine. 
  • The filing alleges that the Department of Defense is violating the First Amendment rights of the service members by imposing a vaccine mandate that "substantially burdens" free exercise of religion, despite granting hundreds of administrative and medical exemptions.
  • "At a time of instability and ever-increasing threats around the world, you’d think the Pentagon would want every service member at their post. But instead, military leaders are forcing tens of thousands of our bravest out of the service because they’ve chosen to live according to their faith,"
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  • ‘even in a pandemic, the Constitution cannot be put away and forgotten.’"
  • The original lawsuit was brought by a group of 35 Navy SEALs and other Navy Special Warfare personnel. A lower court had granted a preliminary injunction to block the Pentagon from enforcing its vaccination policy.
lilyrashkind

June Poised to be Major Month for Coronavirus Vaccine Decisions | Health News | US News - 0 views

  • The Food and Drug Administration’s vaccine advisory committee has several meetings scheduled for June, including a two-day meeting in mid-June when experts will consider whether to allow shots from Moderna and Pfizer in America’s youngest kids – a major milestone that has eluded parents for months.
  • Additionally, the committee meets at the end of June to discuss whether and how to modify the coronavirus vaccine to combat circulating variants.The pair of developments could mean major changes on the vaccine front. Many parents have criticized the Biden administration for moving too slowly to authorize a coronavirus vaccine for the youngest children as record numbers became infected and hospitalized during the omicron wave. Meanwhile, experts have raised concerns over waning vaccine efficacy while waves of new coronavirus variants wash over the country and show no signs of slowing.
  • The company said that the majority of infections were mild and that no kids developed severe cases of COVID-19, but it acknowledged that efficacy of the vaccine dropped during the omicron surge. It added that it is “preparing to evaluate the potential of a booster dose for all pediatric populations.”
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  • The decision has to come this month “because of the time required for manufacturing the necessary doses,” three of FDA’s top officials – FDA Commissioner Robert Califf, vaccine expert Peter Marks and principal deputy commissioner Janet Woodcock – wrote in a paper published by the journal JAMA in May.Both Pfizer and Moderna are studying vaccines designed to combat omicron and other strains. However, data on the shots remains scarce.
  • Despite mounting anticipation for the decision, the percentage of parents who will get their young children vaccinated is likely to be low compared to other age groups. A survey from February found that 31% of parents of children in the age range will get their kid vaccinated right away if a vaccine is authorized.
  • Clinical data from Moderna’s shot is expected this month, according to the company. Moderna in April released findings to support its booster shot development strategy, but the data comes after research in animals suggested the omicron-specific shot might not provide additional protection. A study from scientists at the National Institutes of Allergy and Infectious Diseases’s Vaccine Research Center found that primates boosted with the original vaccine had similar levels of protection as monkeys who got an omicro
  • The Biden administration has warned of potential fall and winter surges infecting up to 100 million Americans as it gears up for a fall booster shot campaign, whether that is with an omicron-specific shot or not. The FDA authorized a fourth vaccine dose for people ages 50 and older in March, and expanding the shot to more age groups is under consideration.“Administering additional COVID-19 vaccine doses to appropriate individuals this fall around the time of the usual influenza vaccine campaign has the potential to protect susceptible individuals against hospitalization and death, and therefore will be a topic for FDA consideration,” the officials wrote.In fact, the officials said that coronavirus booster shots could be on their way to becoming a yearly occurrence.
  • It is time to “accept that the presence of SARS-CoV-2, the virus that causes COVID-19, is the new normal,” according to the officials.“It will likely circulate globally for the foreseeable future, taking its place alongside other common respiratory viruses such as influenza,” they wrote.But paying for the shots remains an issue for the Biden administration as Congress shows little appetite for approving more COVID-19 funding.
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