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redavistinnell

The Assault on Climate Science - The New York Times - 0 views

  • The Assault on Climate Science
  • State College, Pa. — WITH world leaders gathered in Paris to address climate change, most of the planet seems to have awakened to the reality that the Earth is warming and that we’re responsible.
  • Lamar Smith, the Texas Republican who is chairman of the House Committee on Science, Space and Technology
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  • “implicitly questioning the integrity of the researchers conducting those studies can be viewed as a form of intimidation that could deter scientists from freely carrying out research on important national challenges.”
  • The study found that the “rate of global warming during the last 15 years has been as fast as or faster than what was seen during the latter half of the 20th century.”
  • In fact, 2014 was the warmest year on record, and this year is likely to end up even warmer.
  • Fortunately, NOAA did not acquiesce to Mr. Smith’s outrageous demands. The agency pointed out that it had provided Mr. Smith’s committee with the scientific briefings, data and studies behind the Science article, as well as two thorough briefings by NOAA scientists
  • At the same time, as NOAA noted, the confidentiality of communications between scientists is “essential to frank discourse.” For that reason, the agency rejected his demand.
  • Now he is using his committee chairmanship to go after the government’s own climate scientists, whose latest study is an inconvenience to his views.
  • ut he added, ominously, that “this prioritization does not alleviate NOAA’s obligation to respond fully to the Committee’s subpoena.”
  • During his tenure as the committee’s chairman, he has attempted to slash funding for earth sciences research by the National Science Foundation.
  • He has threatened to replace the foundation’s vaunted scientific peer-review process with a system where congressmen like him help choose which scientific grants are funded.
  • And he recently started a congressional investigation into the finances of an environmental institute headed by a climate scientist who was a lead signatory of a letter suggesting that if fossil fuel companies knowingly misrepresented what they knew about climate change, they should be held accountable in the same way the tobacco industry was for hiding its knowledge about the health impacts of tobacco.
  • In 2005, Joe L. Barton, a Texas Republican who was chairman of the House Energy and Commerce Committee, sought all of my personal emails and notes because I had published a study with colleagues showing how the planet’s temperature had shot up after 1900.
  • Senator John McCain, a Republican from Arizona, also weighed in against what he saw as “a kind of intimidation which threatens the relationship between science and public policy” that “must not be tolerated.”
  • While there is no doubt climate change is real and caused by humans, there is absolutely a debate to be had about the details of climate policy, and there are prominent Republicans participating constructively in that discourse. Let’s hear more from these sensible voices. And let’s end the McCarthy-like assault on science led by the Lamar Smiths of the world. Our nation is better than that.
Javier E

Robert Gilpin, R.I.P. - The Washington Post - 0 views

  • international relations professor Robert Gilpin passed away
  • I became enamored with his ideas while in graduate school and have taught many of the books above in my classes on global political economy and international relations theory. Gilpin’s books offer an excellent intellectual history of how realists thought about the politics of the world economy
  • Gipin’s greatest work will always be “War and Change in World Politics.” Although written in 1981, the theory is perhaps more trenchant now than then. Gilpin offered his variant of hegemonic stability theory. This theory posits that a rising superpower has a strong incentive to structure the global rules of the game in a manner favorable to that state’s economy and polity. In return, however, the hegemon will provide the necessary global public goods to ensure that other states prosper in this system. Peace and prosperity can thrive when this kind equilibrium holds.
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  • Gilpin’s story of hegemonic decline, which was both detailed and prescient. He argued that over time, the costs to the hegemon of maintaining the status quo would rise relative to the benefits, for several reasons. First, the leading economy eventually hits a growth slowdown because of lagging innovation. Second, the cost of leading military technologies continues to escalate at the same time that an affluent population loses its “martial spirit.” Third, personal and public consumption supplant more productive forms of investment spending. Fourth, the shift of the economy into the service sector makes productivity gains that much harder.
  • Gilpin warned about the “corrupting influence of affluence” on the hegemon. See if this sounds familiar: Perhaps the most pernicious aspect of this “corruption” (a term used in its classical sense to mean decay) is the generation in the minds of a dominant people of the belief that the world they (or, rather, their forebears) created is the right, natural, and God-given state of affairs. To such a people the idea that the world of their rule and privilege could be otherwise becomes inconceivable. The goodness and benefits of the status quo, as they know it, are so obvious that all reasonable men will assent to its worth and preservation. With such a state of mind, a people neither concedes to the just demands of rising challengers nor makes the necessary sacrifices to defend its threatened world.
  • The most widely cited book about hegemonic decline in the past century is Paul Kennedy’s “Rise and Fall of the Great Powers.” I cite that book on a regular basis. But whenever I cite it about hegemonic decline, I always add Gilpin (1981). Because “War and Change in World Politics” preceded Kennedy’s masterwork by six years, and is in every way its equal.
Javier E

In modern mating, sex isn't the only thing that's cheap - The Washington Post - 0 views

  • Regnerus relies on the concept of sexual economics, in which mating is seen as a marketplace. In this view, women are gatekeepers to a limited, highly desired product: sex. In exchange for access to this product, men proffer commitment, fidelity and resources.
  • Regnerus believes that the sharp drop in the value of sex has shifted the market, even its more conservative parts, leading to a massive overall slowdown in the creation of committed relationships like marriage, in large part because men see less of a need to make themselves into appealing long-term partners.
  • among younger women, especially those who want that sort of traditional relationship, there increasingly seems to be a vague dissatisfaction with the state of things. Why, when women have gained so much power, are we so often at impasse in our romantic relationships? Why do men our age seem so unmotivated to grow up and so ambivalent about committing? As uncomfortable as it may be to contemplate, the shifts this book describes may provide an inkling of an explanation.
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  • When it comes to commonly held modern ideals — of gender egalitarianism, individualism, the assumption that men might seek to improve themselves even without outside prodding — his response is skepticism bordering on exasperation. “In the domain of sex and relationships, men will act as nobly as women collectively demand,” he writes. “This is an aggravating statement for women to read, no doubt. They do not want to be responsible for ‘raising’ men. But it is realistic.”
  • Throughout his book, Regnerus prods the reader to be skeptical of utopianism and see the world as it is. It’s a useful, if unpleasant, reminder for an era in which our goals seem both loftier and further out of reach than ever
cdavistinnell

The global economy is doing great ... for now - Jan. 10, 2018 - 0 views

  • Countries around the world are experiencing a broad upturn that's expected to last for "the next couple of years," the bank said Tuesday in its latest Global Economic Prospects report.
  • It predicts the global economy will expand 3.1% in 2018, up from the 2.9% it previously forecast in June. That's also faster than the 3% growth the world managed last year, according to the bank.
  • The growth spurt has been helped by a turnaround in trade, years of low interest rates and a rebound in oil prices, which have all boosted confidence, according to the bank.
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  • It predicts the slowdown will come as stimulus measures, such as near-zero interest rates and quantitative easing, begin to lose their effectiveness.
Javier E

Opinion | The Trumpification of the Federal Reserve - The New York Times - 0 views

  • Central bankers, like those running the Fed, try to portray themselves as apolitical and technocratic. This is never quite true in practice, but it’s an ideal toward which they strive. Thanks to Trump, however, whatever the Fed does next will be seen as deeply politica
  • if I were Powell, I’d be worried about an even worse scenario. Suppose the Fed were to cut rates, and growth and inflation end up being higher than expected. Conventional policy would then call for reversing the rate cut — right on the eve of the 2020 election. The political firestorm would be horrific
  • in Trump’s America no institution can ignore the political ramifications of its actions, if only because these ramifications will affect its ability to do its job in the future
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  • What this means for monetary policy, I think, is that while straight economics says that the Fed should try to get ahead of the curve, the political trap Trump has created argues that it should hold off — that it should insist that its policy is “data-dependent,” and wait for clear evidence of a serious slowdown before acting.
Javier E

Opinion | The Wave That Could Carry Trump to Re-election - The New York Times - 0 views

  • our “America First” president ought to be viewed in a global context
  • surveys taken more than a year before Election Day are meaningless
  • Mr. Trump benefits from incumbency and continued economic recovery, and he’s riding a wave of national populism that has yet to crest.
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  • Only two of the nine presidents up for re-election since World War II have lost. In the past century the public has booted a party from the White House after a single term just once
  • The United States is not engaged in a major war. And the economic recovery that began in mid-2009 has continued under Mr. Trump, with unemployment at half-century lows. Manufacturing employment has increased. Economic growth approached 3 percent last year. The Dow Jones industrial average has increased by about a third since Inauguration Day 2017
  • The willingness and capacity of electorates to absorb large numbers of newcomers would be on the ballot. The answer was not what leaders had in mind.
  • Mr. Trump is wary of foreign entanglements, and a slowdown is not the same as a recession. Sustained peace and prosperity improve Mr. Trump’s chances of a second term.
  • Behind the rise of outsider politicians such as Mr. Trump are the interrelated issues of unchecked immigration, terrorism and the imposition of carbon taxes and other measures to mitigate climate change
  • Elites’ inability or lack of interest in tackling these problems — or even seeing them as problems — generates a crisis of representation in which large numbers of voters look for alternatives
  • Mr. Trump was among the first heralds of an anti-elitist turn that has disrupted politics from London to Melbourne. The issues animating this upheaval have not disappeared.
  • The attacks at the Bataclan theater in Paris in November 2015, at an office party in San Bernardino, Calif., two weeks later and at the Pulse nightclub in Orlando, Fla., in June 2016 heightened fears of terrorism. Elites downplayed the ideology of the assailants for fear of an anti-Muslim backlash, opening themselves up to charges of political correctness
  • Efforts to fight climate change through regulation, international treaties and carbon pricing provoked a similar anti-elitist response.
  • What unites these issues is the idea that elites insulate themselves from the costs of the policies they impose on others. It is the idea on which Mr. Trump and his anti-elitist supporters base their campaigns
brickol

'It's a Wreck': 3.3 Million File Unemployment Claims as Economy Comes Apart - The New Y... - 0 views

  • More than three million people filed for unemployment benefits last week, sending a collective shudder throughout the economy that is unlike anything Americans have experienced.
  • Just three weeks ago, barely 200,000 people applied for jobless benefits, a historically low number. In the half-century that the government has tracked applications, the worst week ever, with 695,000 so-called initial claims, had been in 1982.
  • The numbers provided only the first hint of the economic cataclysm in progress. Even comparatively optimistic forecasters expect millions more lost jobs, and with them foreclosures, evictions and bankruptcies. Thousands of businesses have closed in response to the pandemic, and many will never reopen. Some economists say the decline in gross domestic product this year could rival the worst years of the Great Depression.
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  • Cases in the United States now exceed 80,000, the most of any nation, even China and Italy, according to a New York Times database, and more than 1,000 deaths across the country have been linked to the virus.
  • President Trump said the federal government planned to designate areas as being at high, medium or low risk for spreading the virus to guide local decisions on imposing or relaxing restrictions on movement and commerce.
  • The terrifying speed of the U.S. economic collapse from the pandemic has spurred lawmakers to action. Late Wednesday night, senators agreed on a $2 trillion aid package that would provide cash payments to nearly all Americans and would expand the unemployment system, among other changes. Final congressional approval is expected on Friday.
  • A three-day rally has lifted stocks in the S&P 500 index more than 17 percent, including a rise of 6.2 percent on Thursday, though prices remain far lower than they were a month ago.
  • Some part-time and low-wage workers don’t qualify for unemployment benefits. Nor do gig workers, independent contractors and the self-employed, although the emergency aid package passed by the Senate would broaden eligibility to include many of them. Others who do qualify may not know it
  • The congressional relief package is intended to, in effect, press “pause” on the economy, allowing idled workers and shuttered businesses to keep paying their bills so that they can spring back quickly once the health crisis eases. If it works, the recovery could be relatively swift; if it doesn’t, the cascade of layoffs and business failures could stretch on far longer.
  • Low-wage workers — many of them black, like Ms. Moore-Caraway, or Hispanic — have been hit especially hard by the sudden economic reversal. Many work in the industries most affected by the outbreak, such as restaurants and travel, and few can work from home. They are also less likely to have sick leave or other paid time off, and they have less money saved to help overcome a missed paycheck.
  • Black and Hispanic workers “always bear the brunt” of economic slowdowns, said Alix Gould-Werth, a researcher at the Washington Center for Equitable Growth, a left-leaning think tank. “Now they’re bearing the brunt of these twin crises, the health crisis and the economic crisis.”
  • Under the congressional aid package, most families would receive $1,200 per adult and $500 per child in direct payments. The bill would also increase unemployment benefits by $600 a week and extend how long laid-off workers could receive benefits. And it would waive some requirements for receiving jobless benefits, like the requirement that recipients look for work.
  • An earlier relief bill, passed by Congress last week, provided $1 billion to help state unemployment systems that are breaking under the stress of record call volumes. Departments across the country reported huge spikes in call volumes and online applications.
Javier E

Coronavirus Slowdown in Seattle Suggests Restrictions Are Working - The New York Times - 0 views

  • Deaths are not rising as fast as they are in other states. Dramatic declines in street traffic show that people are staying home. Hospitals have so far not been overwhelmed.
  • While each infected person was spreading the virus to an average of 2.7 other people earlier in March, that number appears to have dropped, with one projection suggesting that it was now down to 1.4.
  • The researchers who are preparing the latest projections, led by the Institute for Disease Modeling, a private research group in Bellevue, Wash., have been watching a variety of data points since the onset of the outbreak. They include tens of thousands of coronavirus test results, deaths, and mobility information — including traffic patterns and the movements of anonymous Facebook users — to estimate the rate at which coronavirus patients are spreading the disease to others.
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  • “We made a huge impact — we slowed the transmission,” Seattle’s mayor, Jenny Durkan, said in an interview. She cautioned that any lifting of restrictions would bring a quick rise in new cases, and that she expected distancing requirements to continue in some form for months.
  • He said more restrictions may yet be needed, and that the state is not “within 1,000 miles of declaring victory.”
  • Washington State’s coronavirus figures have continued to grow steadily, but not as fast as other states’. The death toll has been doubling about every eight days in Washington, compared with every two or three days in New York, Michigan, New Jersey and Louisiana.
  • Ms. Durkan said the region also benefited from a robust network of researchers who were able to do early modeling to assess the reach of the virus in the community. Without that, she said, policymakers may not have taken the drastic steps to shut down the city as quickly as they did.
  • After scientists found evidence that the virus had been circulating weeks before some of the earliest cases were identified, researchers from local groups, led by the Institute for Disease Modeling, began looking at what it would take to slow the progress of the virus. On March 10, they developed projections showing that significant changes in human-to-human contact would be needed to avert hundreds more deaths by April 8.
  • Mr. Inslee warned at the time how drastically life needed to change, saying it was unacceptable for people to be crammed close together at bars and other settings; the restrictions, he said, were going to be “profoundly disturbing to a lot of the ways that we live our lives.”
  • The demographics of those workplaces, with tens of thousands of tech workers who were able to telecommute, may have given the region an early edge in keeping people separated. Perhaps the city’s social norms helped, too, as local residents have long had a reputation for keeping to themselves or within circles of longtime friends — a phenomenon often explained to newcomers as the Seattle Freeze.
  • Dr. Brueggemann projects that in the next two weeks his hospital may find itself without enough ventilators. But he said he was encouraged by what he has seen in Seattle.“A lot of us are crossing our fingers and hoping that maybe, maybe, maybe we’ve done some good here,” Dr. Brueggemann said. “We’re not ready to let our guard down.”
brookegoodman

Coronavirus pandemic leading to huge drop in air pollution | Environment | The Guardian - 0 views

  • The coronavirus pandemic is shutting down industrial activity and temporarily slashing air pollution levels around the world, satellite imagery from the European Space Agency shows.
  • Readings from ESA’s Sentinel-5P satellite show that over the past six weeks, levels of nitrogen dioxide (NO2) over cities and industrial clusters in Asia and Europe were markedly lower than in the same period last year.
  • While not a greenhouse gas itself, the pollutant originates from the same activities and industrial sectors that are responsible for a large share of the world’s carbon emissions and that drive global heating.
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  • NO2 levels also dropped in South Korea, which has long struggled with high emissions from its large fleet of coal-fired power plants but also from nearby industrial facilities in China.The country has avoided putting entire regions under lockdown but is meticulously tracing and isolating suspected coronavirus cases.
  • The World Health Organization describes NO2 as “a toxic gas which causes significant inflammation of the airways” at concentrations above 200 micrograms per cubic metre. Pollution particles may also be a vector for pathogens, as well as exacerbating existing health problems. The WHO is now investigating whether airborne pollution particles may be a vector that spreads Covid-19 and makes it more virulent.
  • Monks, the former chair of the UK government’s science advisory committee on air quality, said that a reduction in air pollution could bring some health benefits, though they were unlikely to offset loss of life from the disease.
  • The source is not yet clear. One possibility is a slowdown of activity in Italy’s industrial heartland. Another factor is likely to be a reduction in road traffic, which accounts for the biggest share of nitrogen dioxide emissions in Europe.
  • Although the UK is more than a week behind Italy in terms of the spread of the disease and the government’s response, roadside monitors already show significantly reduced levels of pollution at hotspots such as Marylebone in London.
  • “What I think will come out of this is a realisation - because we are forced to - that there is considerable potential to change working practices and lifestyles. This challenges us in the future to think, do we really need to drive our car there or burn fuel for that,” said Monk.
brickol

The World Is Running Out of Places to Store Its Oil - The New York Times - 0 views

  • The world is awash in crude oil, and is slowly running out of places to put it.Massive, round storage tanks in places like Trieste, Italy, and the United Arab Emirates are filling up. Over 80 huge tankers, each holding up to 80 million gallons, are anchored off Texas, Scotland and elsewhere, with no particular place to go.
  • The world doesn’t need all this oil. The coronavirus pandemic has strangled the world’s economies, silenced factories and grounded airlines, cutting the need for fuel. But Saudi Arabia, the world’s largest producer, is locked in a price war with rival Russia and is determined to keep raising production.Prices have plummeted.
  • This chaotic mismatch in supply and demand has benefited consumers, who have watched gasoline prices slide lower.And it has been a field day for anyone eager to snap up cheap oil, put it someplace and wait for a day when it’ll be worth more.
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  • “We usually do about two storage deals a day,” said Mr. Barsamian, who runs a company in Princeton, N.J., called the Tank Tiger, a nod to the local university’s mascot. “We have done about 120 in the last couple of weeks.”
  • People in the energy industry say they have never seen changes happening at the speed and magnitude that are occurring because of the coronavirus.
  • The first major downturn in demand occurred in February when China, the world’s largest energy consumer, shut down much of its economy in an effort to stabilize the spread of the coronavirus. Now, the slowdown is rolling across the world, with much of Europe and major parts of the United States in lockdown.
  • The price war between Saudi Arabia and Russia has exacerbated the situation. The Saudis are slashing prices and threatening to ramp up oil output by about 25 percent to 12 million barrels a day, beginning in April. The surplus, IHS Markit forecasts, could add up to a tank-busting one billion barrels or more.
  • Not only does oil need a place to go, but the state of the oil market has provided traders with an opportunity to make money. They are taking advantage of a market where prices in the future are much higher than current levels. For instance, a barrel of light, sweet U.S. crude is priced at about $25 a barrel for May, about $6 lower than August. So a trader or an oil company can make easy money by buying oil at today’s depressed prices, selling it on the futures market and pocketing the difference minus storage and other costs — a situation known as contango.
  • Knowing how much oil is stored around the world is a key metric to “understanding the health of the oil market,” said Hillary Stevenson, an analyst at Genscape, a market intelligence firm. But, she warned, “capacity is finite; the safety net is only so big.”
  • One sign of a glut: The volume of oil placed on ships to wait for better days has grown by about 25 percent in March. According to Mr. Booth, about 81 loaded tankers — an unusually high number — are loitering off coasts around the globe.
  • The fact that oil is being put on ships, a more costly proposition than storage on land, implies that the world is running out of room, at least in some places, Mr. Booth said. Chinese buyers, perhaps seeing current prices as a bargain, continue to import at high levels, he said. Mr. Booth estimated that three-quarters of a billion barrels of usable storage capacity remained around the world — not enough room for the buildup in supplies some forecasters are predicting.
  • In the wake of price-cutting by Saudi Arabia and other countries, oil companies in the United States are being paid less. On Tuesday, Enterprise Products, an Oklahoma company, posted prices for various grades of crude that ranged as low as $7.61 a barrel.
  • Space is running out in western Canada, whose 40 million barrels of storage is now more than three-quarters full, according to Rystad Energy, which estimates that producers will need to slash production by 11 percent
Javier E

Opinion | The Age of Decadence - The New York Times - 0 views

  • Following in the footsteps of the great cultural critic Jacques Barzun, we can say that decadence refers to economic stagnation, institutional decay and cultural and intellectual exhaustion at a high level of material prosperity and technological development
  • Under decadence, Barzun wrote, “The forms of art as of life seem exhausted, the stages of development have been run through. Institutions function painfully. Repetition and frustration are the intolerable result.” He added, “When people accept futility and the absurd as normal, the culture is decadent.” And crucially, the stagnation is often a consequence of previous development: The decadent society is, by definition, a victim of its own success.
  • “What fascinates and terrifies us about the Roman Empire is not that it finally went smash,” wrote W.H. Auden of that endless autumn, but rather that “it managed to last for four centuries without creativity, warmth, or hope.”
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  • what happens when an extraordinarily rich society can’t find enough new ideas that justify investing all its stockpiled wealth. We inflate bubbles and then pop them, invest in Theranos and then repent, and the supposed cutting edge of capitalism is increasingly defined by technologies that have almost arrived, business models that are on their way to profitability, by runways that go on and on without the plane achieving takeoff.
  • what this tells us, unfortunately, is that 21st-century growth and innovation are not at all that we were promised they would be.
  • slowly compounding growth is not the same as dynamism. American entrepreneurship has been declining since the 1970s: Early in the Jimmy Carter presidency, 17 percent of all United States businesses had been founded in the previous year; by the start of Barack Obama’s second term, that rate was about 10 percent. In the late 1980s, almost half of United States companies were “young,” meaning less than five years old; by the Great Recession, that share was down to only 39 percent, and the share of “old” firms (founded more than 15 years ago) rose from 22 percent to 34 percent over a similar period
  • From World War II through the 1980s, according to a recent report from Senator Marco Rubio’s office, private domestic investment often approached 10 percent of G.D.P.; in 2019, despite a corporate tax cut intended to get money off the sidelines, the investment-to-G.D.P. ratio was less than half of that.
  • This suggests that the people with the most experience starting businesses look around at their investment opportunities and see many more start-ups that resemble Theranos than resemble Amazon, let alone the behemoths of the old economy.
  • the dearth of corporate investment also means that the steady climb of the stock market has boosted the wealth of a rentier class — basically, already-rich investors getting richer off dividends — rather than reflecting surging prosperity in general.
  • In 2017 a group of economists published a paper asking, “Are Ideas Getting Harder to Find?” The answer was a clear yes: “We present a wide range of evidence from various industries, products, and firms showing that research effort is rising substantially while research productivity is declining sharply.”
  • In his 2011 book “The Great Stagnation,” Tyler Cowen cited an analysis from the Pentagon physicist Jonathan Huebner, who modeled an innovations-to-population ratio for the last 600 years: It shows a slowly ascending arc through the late 19th century, when major inventions were rather easy to conceive and adopt, and a steepening decline ever since, as rich countries spend more and more on research to diminishing returns.
  • the trends reveal a slowdown, a mounting difficulty in achieving breakthroughs — a bottleneck if you’re optimistic, a ceiling if you aren’t
  • the relative exception, the internet and all its wonders, highlights the general pattern.
  • The Northwestern University economist Robert Gordon, one of the most persuasive theorists of stagnation, points out that the period from 1840 to 1970 featured dramatic growth and innovation across multiple arenas — energy and transportation and medicine and agriculture and communication and the built environment.
  • in the last two generations, progress has become increasingly monodimensional — all tech and nothing else.
  • Take a single one of the great breakthroughs of the industrial age — planes and trains and automobiles, antibiotics and indoor plumbing — and it still looms larger in our everyday existence than all of the contributions of the tech revolution combined.
  • We used to travel faster, build bigger, live longer; now we communicate faster, chatter more, snap more selfies.
  • With this stagnation comes social torpor. America is a more peaceable country than it was in 1970 or 1990, with lower crime rates and safer streets and better-behaved kids
  • it’s also a country where that supposedly most American of qualities, wanderlust, has markedly declined: Americans no longer “go west” (or east or north or south) in search of opportunity the way they did 50 years ago; the rate at which people move between states has fallen from 3.5 percent in the early 1970s to 1.4 percent in 2010. Nor do Americans change jobs as often as they once did.
  • Meanwhile, those well-behaved young people are more depressed than prior cohorts, less likely to drive drunk or get pregnant but more tempted toward self-harm
  • For adults, the increasingly legal drug of choice is marijuana, whose prototypical user is a relaxed and harmless figure — comfortably numb, experiencing stagnation as a chill good time.
  • then there is the opioid epidemic, whose spread across the unhappiest parts of white America passed almost unnoticed in elite circles for a while because the drug itself quiets rather than inflames, supplying a gentle euphoria that lets its users simply slip away, day by day and bit by bit, without causing anyone any trouble
  • In the land of the lotus eaters, people are also less likely to invest in the future in the most literal of ways. The United States birthrate was once an outlier among developed countries, but since the Great Recession, it has descended rapidly, converging with the wealthy world’s general below-replacement norm.
  • This demographic decline worsens economic stagnation; economists reckoning with its impact keep finding stark effects. A 2016 analysis found that a 10 percent increase in the fraction of the population over 60 decreased the growth rate of states’ per capita G.D.P. by 5.5 percent.
  • This doesn’t excuse the grifting or the rage stoking, especially presidential grifting and rage stoking, and it doesn’t make the mass shootings, when they come, any less horrific. But it’s important context for thinking about whether online politics is really carrying our society downward into civil strife
  • This feedback loop — in which sterility feeds stagnation, which further discourages childbearing, which sinks society ever-deeper into old age — makes demographic decline a clear example of how decadence overtakes a civilization
  • Both populism and socialism, Trump and Bernie Sanders, represent expressions of discontent with decadence, rebellions against the technocratic management of stagnation that defined the Obama era.
  • in practical terms the populist era has mostly delivered a new and deeper stalemate. From Trump’s Washington to the capitals of Europe, Western politics is now polarized between anti-establishment forces that are unprepared to competently govern and an establishment that’s too disliked to effectively rule.
  • The hysteria with which we’re experiencing them may represent nothing more than the way that a decadent society manages its political passions, by encouraging people to playact extremism, to re-enact the 1930s or 1968 on social media, to approach radical politics as a sport, a hobby, a kick to the body chemistry, that doesn’t put anything in their relatively comfortable late-modern lives at risk.
  • The terrorist in 21st-century America isn’t the guy who sees more deeply than the rest; he’s the guy who doesn’t get it, who takes the stuff he reads on the internet literally in a way that most of the people posting don’t
  • once we crossed over into permanent below-replacement territory, the birth dearth began undercutting the very forces (youth, risk -taking, dynamism) necessary for continued growth, meaning that any further gains to individual welfare are coming at the future’s expense.
  • It suggests that the virtual realm might make our battles more ferocious but also more performative and empty; and that online rage is a steam-venting technology for a society that is misgoverned, stagnant and yet, ultimately, far more stable than it looks on Twitter
  • in the real world, it’s possible that Western society is leaning back in an easy chair, hooked up to a drip of something soothing, playing and replaying an ideological greatest-hits tape from its wild and crazy youth.
  • Human beings can still live vigorously amid a general stagnation, be fruitful amid sterility, be creative amid repetition. And the decadent society, unlike the full dystopia, allows those signs of contradictions to exist
  • The last hundred-odd years of Western history offer plenty of examples of how the attempt to throw off decadence can bring in far worse evils, from the craving for Meaning and Action that piled corpses at Verdun and Passchendaele, to the nostalgic yearning for the Cold War that inspired post-9/11 crusading and led to a military quagmire in the Middle East.
  • So you can even build a case for decadence, not as a falling-off or disappointing end, but as a healthy balance between the misery of poverty and the dangers of growth for growth’s sake
  • A sustainable decadence, if you will, in which the crucial task for 21st-century humanity would be making the most of a prosperous stagnation: learning to temper our expectations and live within limits; making sure existing resources are distributed more justly; using education to lift people into the sunlit uplands of the creative class; and doing everything we can to help poorer countries transition successfully into our current position
  • this argument carries you only so far. Even if the dystopia never quite arrives, the longer a period of stagnation continues, the narrower the space for fecundity and piety, memory and invention, creativity and daring.
  • So decadence must be critiqued and resisted
  • by the hope that where there’s stability, there also might eventually be renewal,
  • The next renaissance will be necessarily different, but realism about our own situation should make us more inclined, not less, to look and hope for one — for the day when our culture feels more fruitful, our politics less futile and the frontiers that seem closed today are opened once again.
brickol

'What am I supposed to do?': Covid-19 sparks mass unemployment across US | Business | T... - 0 views

  • The US is experiencing an unprecedented rise in unemployment as industries such as hospitality and food service grind to a halt. The first official government snapshot of how coronavirus has hit the labor market is due on Thursday, when the labor department releases unemployment figures for last week.
  • The last department of labor figures showed initial unemployment claims rose to 281,000, a sharp rise from 211,000 the previous week but nothing to what is expected tomorrow.
  • The Economic Policy Institute (EPI) thinktank estimated a record-setting 3.4 million people filed unemployment claims last week based on an analysis of news reports. Weekly claims have not topped a million since records began in 1967.
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  • Shierholz said despite the gloom, the federal government has the power and resources to intervene. “The economy is taking a big hit, but it is a policy choice, the level of human suffering that is caused,” Shierholz said.EPI is one of several bodies advocating for the federal government to waive unemployment insurance requirements, such as making people demonstrate they are looking for work; increase funding to social support systems, such as food stamps; place moratoriums on evictions; and allow laid off or furloughed people to continue using their employer-sponsored healthcare so state health insurance programs aren’t overwhelmed. Worker advocates are also encouraging employers to simply keep paying their employees, because when the crisis is over, those jobs will need to be filled again.
  • Early Wednesday, Congress reached a deal on what is expected to be the largest US economic stimulus measure ever passed.Democrats and Republicans had been divided on the level of oversight required for industries receiving bailouts. Progressives are concerned the Republican plan would allow billions of dollars to go to business leaders while workers continue to live without pay or health insurance.
  • The Brookings Institution thinktank said more than 24.2 million Americans work in the five high-risk sectors facing a sharp slowdown. This includes travel, hospitality, employment services, transportation and energy centers, such as Texas oil and gas towns.
  • More working people need to feel that hope, said Johnson. “This is like a wartime economy,” he said. The government needs to decide what its goals are “and get them done”.
brickol

A restless Trump wants to end the country's isolation -- and his own - CNNPolitics - 0 views

  • Antsy at being sealed off, with no visiting dignitaries and no large crowds, Trump has wondered aloud to aides when life will again return to normal -- not just for the nation, but for himself. The slowdown in his own life has led, in part, to Trump's strong desire to see the guidelines he offered on avoiding crowds and staying at home lifted quickly.
  • He has established one set routine: the daily coronavirus briefing, where he has sparred with reporters and declared himself a "wartime president" in a somewhat sputtering bid to accompany the nation through the crisis.
  • Lately, internal discussions have focused intently on how long the self-isolation measures Trump unveiled last week will last. In late night phone calls and television viewing sessions, Trump has heard from conservatives who question whether the benefits to public health are worth the damage to the economy.The issue has emerged as a key point of contention between members of Trump's coronavirus task force, where health professionals -- such as Dr. Anthony Fauci, the nation's top infectious disease specialist -- have advocated for a longer period of containment to prevent further contagion.
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  • Trump's focus on the economic fallout of the crisis is driven in part by his own belief that it will dictate his political future. Facing a potential recession, Trump has fretted that the coronavirus pandemic could cost him his job in November, though polls have shown his approval rating largely holding steady through the crisis.As the crisis worsened, Trump held off canceling his political rallies, hopeful he would be able to remain on the campaign trail even amid the outbreak. But eventually it became clear his preferred outlet for speaking to supporters and touring the country would temporarily end -- and that, like most Americans, Trump would be constrained to his home -- the White House.
Javier E

How the Coronavirus Will Change Young People's Lives - The Atlantic - 0 views

  • Generation C includes more than just babies. Kids, college students, and those in their first post-graduation jobs are also uniquely vulnerable to short-term catastrophe. Recent history tells us that the people in this group could see their careers derailed, finances shattered, and social lives upended.
  • With many local businesses closed or viewed as potential vectors of disease, pandemic conditions have already funneled more money to Amazon and its large-scale competitors, including Walmart and Costco.
  • “Epidemics are really bad for economies,”
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  • “We’re going to see a whole bunch of college graduates and people finishing graduate programs this summer who are going to really struggle to find work.”
  • People just starting out now, and those who will begin their adult lives in the years following the pandemic, will be asked to walk a financial tightrope with no practice and, for most, no safety net. Fewer of them will be able to turn to their parents or other family members for significant help
  • To gauge what’s in store for job-seekers, it might be most useful to look to a different, more recent kind of disaster: the 2008 financial collapse. More than a decade later, its effects are widely understood to have been catastrophic to the financial futures of those who were in their teens and 20s when it hit.
  • Not only did jobs dry up, but federal relief dollars mostly went to large employers such as banks and insurance companies instead of to workers themselves.
  • investors picked off dirt-cheap foreclosures to flip them for wealthier buyers or turn them into rentals, which has helped rising housing prices far outpace American wage growth.
  • Millennials, many of whom spent years twisting in the wind when, under better circumstances, they would have been setting down the professional and social foundations for stable lives, now have less money in savings than previous generations did at the same age. Relatively few of them have bought homes, married, or had children.
  • Just as the nation’s housing stock moved into the hands of fewer people during the Great Recession, small and medium-size businesses might suffer a similar fate after the pandemic, which could be a nightmare for the country’s labor force.
  • Schoolwork, it turns out, is hard to focus on during a slow-rolling global disaster.
  • American restaurants, which employ millions, have been devastated by quarantine restrictions, but national chains such as Papa John’s and Little Caesars are running television ads touting the virus-murdering temperatures of their commercial ovens,
  • The private-equity behemoth Bain Capital is making plans to gobble up desirable companies weakened by the pandemic. The effect could be a quick consolidation of capital, and the fewer companies that control the economy, the worse the economy generally is for workers and consumers.
  • Less competition means lower wages, higher prices, and conglomerates with enough political influence to stave off regulation that might force them to improve wages, worker safety, or job security.
  • as with virtually all problems, grad school is not the answer to whatever the coronavirus might do to your future.
  • there will be “definitely an increase” in people seeking education post-quarantine, taking advantage of loan availability to acquire expertise that might better position them to build a stable life.
  • those decisions have since worsened their economic strain, while not significantly improving professional outcomes.
  • Private universities may suddenly be too expensive, and frequent plane rides to faraway colleges might seem much riskier. Mass delays will affect things like school budgets and admissions for years, but in ways that are difficult to predict.
  • there is no precedent for a life-interrupting disaster of this scale in America’s current educational and professional structures.
  • What will become of Generation C?
  • Many types of classes don’t work particularly well via videochat, such as chemistry and ecology, which in normal times often ask students to participate in lab work or go out into the natural world.
  • “People with a resource base and finances and so forth, they’re going to get through this a whole lot easier than the families who don’t even have a computer for their children to attend school,”
  • Disasters, he told me, tend to illuminate and magnify existing disadvantages that are more easily ignored by those outside the affected communities during the course of everyday life.
  • Disasters also make clear when disadvantages—polluted neighborhoods, scarce local supplies of fresh fruits and vegetables, risky jobs—have accumulated over a lifetime, leaving some people far more vulnerable to catastrophe than others
  • Children in those communities already have a harder time accessing quality education and getting into college. Their future prospects look dimmer, now that they’re faced with technical and social obstacles and the trauma of watching family members and friends suffer and die during a pandemic.
  • in moments of great despair, people’s understanding of what’s possible shifts.
  • For that to translate to real change, though, it’s crucial that the reactions to the new world we live in be codified into policy. Clues to post-pandemic policy shifts lie in the kinds of political agitation that were already happening before the virus. “Things that already had some support are more likely to take seed,
  • This is where young people might finally be poised to take some control. The 2008 financial crisis appears to have pushed many Millennials leftward
  • When housing prices soared, wages stagnated, and access to basic health care became more scarce, many young people looked around at the richest nation in the world and wondered who was enjoying all the riches. Policies such as Medicare for All, debt cancellation, environmental protections, wealth taxes, criminal-justice reform, jobs programs, and other broad expansions of the social safety net have become rallying cries for young people who experience American life as a rigged game
  • the pandemic’s quick, brutal explication of the ways employment-based health care and loose labor laws have long hurt working people might make for a formative disaster all its own.
  • “There’s a possibility, particularly with who you’re calling Generation C, that their experience of the pandemic against a backdrop of profoundly fragmented politics could lead to some very necessary revolutionary change,”
  • The seeds of that change might have already been planted in the 2018 midterm elections, when young voters turned up in particularly high numbers and helped elect a group of younger, more progressive candidates both locally and nationally.
  • Younger people “aren’t saddled with Cold War imagery and rhetoric. It doesn’t have the same power over our imaginations,”
  • a subset of young voters believes that some American conservatives have cried wolf, deriding everything from public libraries to free doctor visits as creeping socialism until the word lost much of its power to scare.
  • the one-two punch of the Great Recession and the coronavirus pandemic—if handled poorly by those in power—might be enough to create a future America with free health care, a reformed justice system, and better labor protections for working people.
  • But winds of change rarely kick up debris of just one type. The Great Recession opened the minds of wide swaths of young Americans to left-leaning social programs, but its effects are also at least partially responsible for the Tea Party and the Trump presidency. The chaos of a pandemic opens the door for a stronger social safety net, but also for expanded authoritarianism.
  • Beyond politics and policy, the structures that young people have built on their own to endure the pandemic might change life after it, too. Young Americans have responded to the disaster with a wave of volunteerism, including Arora’s internship-information clearinghouse and mutual-aid groups across the country that deliver groceries to those in need.
  • As strong as people’s reactions are in the middle of a crisis, though, people tend to leave behind the traumatic lessons of a disaster as quickly as they can. “Amnesia sets in until the next crisis,” Schoch-Spana said. “Maybe this is different; maybe it’s big enough and disruptive enough that it changes what we imagine it takes to be safe in the world, so I don’t know
Javier E

How Environmental Movement Plans to Leverage the Coronavirus Pandemic - WSJ - 0 views

  • groups including Greenpeace, the International Energy Agency and the World Resources Institute are seizing the crisis as an opportunity to press governments to make industrial stimulus packages contingent on modernizing energy systems.
  • A slowdown in activity during the 2009 economic downturn reduced carbon emissions and air pollution, but emissions rose 6% the following year, data from the International Energy Agency showed, as governments unleashed stimulus programs to reinvigorate growth.
  • “We are asked by many governments around the world to give them advice on how they can shape the energy component of these stimulus packages in order to boost the energy resilience and accelerate the energy transition,” said Fatih Birol, executive director at the IEA.
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  • . “Any loans must come with strings attached to reduce emissions so that in the months to come the government can steer high-carbon industries toward the cleaner, healthier and more resilient future we all need,”
  • the rapid changes in regions around the world resulting from measures to stop the spread of the virus could yet bring about long-term behavioral changes such as walking to work and increased teleconferencing over travel.
  • “Financial incentives from governments embedded in stimulus packages to move people toward using energy less and less mobility may be part of the results we are going to see after the shock is over,”
Javier E

New Zealand isn't just flattening its coronavirus curve. It's squashing it. - The Washi... - 0 views

  • It has been less than two weeks since New Zealand imposed a coronavirus lockdown so strict that swimming at the beach and hunting in bushland were banned
  • It took only 10 days for signs that the approach here — “elimination” rather than the “containment” goal of the United States and other Western countries — is working.
  • The number of new cases has fallen for two consecutive days, despite a huge increase in testing, with 54 confirmed or probable cases reported Tuesday. That means the number of people who have recovered, 65, exceeds the number of daily infections
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  • Prime Minister Jacinda Ardern is adamant that New Zealand will complete four weeks of lockdown — two full 14-day incubation cycles — before letting up. She has, however, given the Easter Bunny special dispensation to work this weekend.
  • this heavily tourism-reliant country — it gets about 4 million international visitors a year, almost as many as its total population — did the previously unthinkable: It shut its borders to foreigners March 19.
  • Two days later, Ardern delivered a televised address from her office — the first time since 1982 that an Oval Office-style speech had been given — announcing a coronavirus response alert plan involving four stages, with a full lockdown being Level 4.
  • A group of influential leaders got on the phone with her the following day to urge moving to Level 4.
  • “It’s inevitable that we will have to shut down anyway, so we would rather it be sharp and short.”
  • On March 23, a Monday, Ar­dern delivered another statement and gave the country 48 hours to prepare for a Level 4 lockdown. “We currently have 102 cases,” she said. “But so did Italy once.”
  • with strict border control, restrictions could be gradually relaxed, and life inside New Zealand could return to almost normal.
  • From the earliest stages, Ar­dern and her team have spoken in simple language: Stay home. Don’t have contact with anyone outside your household “bubble.” Be kind. We’re all in this together.
  • there has been a sense of collective purpose. The police phone line for nonemergencies has been overwhelmed with people calling to “dob in,” as we say here, reporting others they think are breaching the rules.
  • The response has been notably apolitical. The center-right National Party has clearly made a decision not to criticize the government’s response — and in fact to help it.
  • After peaking at 89 on April 2, the daily number of new cases ticked down to 67 on Monday and 54 on Tuesday. The vast majority of cases can be linked to international travel, making contact tracing relatively easy, and many are consolidated into identifiable clusters.
  • The nascent slowdown reflected “a triumph of science and leadership,”
  • “Other countries have had a gradual ramp-up, but our approach is exactly the opposite,” he said. While other Western countries have tried to slow the disease and “flatten the curve,” New Zealand has tried to stamp it out entirely.
  • The government won’t be able to allow people free entry into New Zealand until the virus has stopped circulating globally or a vaccine has been developed
  • From that Wednesday night, everyone had to stay at home for four weeks unless they worked in an essential job, such as health care, or were going to the supermarket or exercising near their home.
  • Ardern has said her government is considering mandatory quarantine for New Zealanders returning to the country post-lockdown. “I really want a watertight system at our border,”
Javier E

The Black Death led to the demise of feudalism. Could this pandemic have a similar effe... - 0 views

  • The plague, in combination with a host of other related and overlapping crises, delivered a death blow to Medieval Europe, ushering in a new age — the Renaissance and the rise of so-called agrarian capitalism — and ultimately setting the stage for the Industrial Revolution and the modern world.
  • the calamitous 14th century is not as far removed from our own experience as we would like to think.
  • Since the Second World War, we have experienced an unprecedented period of economic growth, and so it was for Medieval Europe on the eve of the Black Death
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  • First and foremost, the climate was changing. Sound familiar? Medieval Europe benefitted from several centuries of warmer weather, which boosted crop yields, but by the 14th century, the world was entering the so-called Little Ice Age
  • As the population grew, increasingly marginal land was turned over to agriculture, with diminishing returns, resulting in lower yields per capita and pushing the population dangerously close to subsistence levels. This left little slack in the economy to absorb a significant shock, and the 14th century would soon bring one shock after another.
  • From AD 1000, Europe's population doubled or even tripled, and the economy became increasingly commercialized, underwritten by an increasingly sophisticated financial system, as new cities and towns emerged, universities were founded across the continent, and the magnificent Gothic cathedrals surpassed the Great Pyramid at Giza as the tallest man-made structures in the world.
  • Cooler and wetter weather depressed agricultural yields, at a time when there was already very little slack in the food supply. This contributed to a broader economic slowdown, as yields declined and prices rose, but it also brought Europe to the edge of famine.
  • beginning in 1311, Europe began to experience a series of crop failures across the continent in what became known as the Great Famine. Reaching a peak in northern Europe in 1315-1317, the Great Famine may have killed 5 to 10% of Europe's population
  • At the same time, Europe entered a prolonged period of heightened geopolitical conflict, during which a dizzying array of kingdoms, principalities, sultanates and city-states waged innumerable wars, both large and small.
  • These conflicts inhibited trade between northern and southern Europe and between western Europe and the eastern Mediterranean, further slowing the European economy and incurring a massive fiscal burden that would soon ruin the European financial system and provoke uprisings in both France and England
  • Northern Italy was the heart of the financial system at this time, and a small number of very large Italian banks, often referred to as "super-companies," were lending huge sums of money across Europe
  • All available money was loaned out or tied up in investments, leaving the banks severely under-capitalized and vulnerable to insolvency in the event of a sudden large withdraw or a major default on their loans.
  • war broke out between England and France in 1294, prompting King Edward I to withdraw huge sums of money from the Riccardi of Lucca, approximately equivalent to several billion dollars today. The Riccardi simply did not have the money, and Edward seized whatever assets he could. Then, over the following decades, three more super banks, the Frescobaldi, the Bardi and the Peruzzi, all of Florence, were each ruined by successive English kings who refused to pay their debts.
  • Meanwhile, the Catholic Church, the cultural and epistemological bedrock of Medieval Europe, was facing the most significant legitimacy crisis in centuries
  • he King's men attempted to arrest the elderly Pope, inadvertently killing him. Shortly thereafter, in 1305, a Frenchman, Clement V, was chosen to be the next pope, and the papacy was relocated to Avignon, France. This understandably cast a long shadow over the Holy See, and the Avignon Popes were widely disliked and distrusted. The crisis only deepened in 1378 when a second pope was elected in Rome and a third pope was briefly elected in 1409 before all three were deposed in 1417.
  • We might compare this crisis of faith with the current legitimacy crisis of science in the United States. Like the scientific method, the Church was a shared way of knowing — a pathway to common understanding, which was essential to the social order of Medieval Europe.
  • It was in the midst of this spiritual, economic and geopolitical crisis that the Black Death arrived, sweeping through Europe in 1347-1353 and upending the balance of power, almost overnight
  • the economic effects of the plague were nothing short of earthshattering. By killing perhaps 50% of the labor force, the Black Death drastically altered the supply of labor, land and coin. Wages skyrocketed, as labor was in short supply, and rents declined, as the plummeting population density created a surplus of land
  • Both of these developments substantially benefitted commoners, at the expense of the elite, particularly in England.
  • The archetypal serf was not paid for their work in the lord's fields — that was their obligation to the lord in exchange for the use of the lord's land. The modern equivalent would be if your landlord was also your boss, and in order to live in your apartment, you had to sign away your freedom and that of your children, in perpetuity.
  • Not only that, the medieval lord was also the primary unit of legal, civic and military power, often serving as the first stop for legal matters and the first defense against brigands and rival kingdoms.
  • With perhaps half the population gone, there were simply not enough peasants to work the land, and the average income of the English lord declined significantly. In response, the lord's wheat fields were increasingly turned over to livestock, or rented out to tenant farmers, who would pay the lord a fixed rent, keeping the agricultural produce for themselves.
  • The ambitious commoner could now acquire sizable tracts of land, and with the agricultural product of that land entirely at their disposal, commoners were incentivized to maximize the productivity of their land and sell the surplus at market for a profit. This transition is often referred to as the birth of Agrarian Capitalism.
  • In the wake of the Black Death, plague doctors were among the first to believe they had surpassed the knowledge of the Greek and Roman world; ironically, they were wrong, but the lower mortality of later outbreaks led many doctors to proclaim they had cured the disease, which instilled a new faith in scientific progress
  • Sumptuary laws, which restricted what commoners could wear and eat, also became common during the 14th and 15th Centuries. However, these laws do not appear to have been effective, and tensions continued to mount between the aristocracy and the wider populace, who were increasingly impatient for change.
  • Urban laborers and craftsmen also benefitted from rising wages. The average lifespan increased, and standards of living improved across the board. The shortage of skilled tradesmen even created new opportunities for urban women
  • starting in the 14th century, infantry units comprised of commoners, like the Swiss pikemen and English longbowmen, began to win a series of decisive victories against mounted knights, revolutionizing military tactics and hastening the obsolescence of the feudal aristocracy.
  • a new intellectual spirit was taking root across western Europe. Influential thinkers like John Wycliffe and Marsilius of Padua began to question the worldly authority of both the Church and the state, arguing that power rested ultimately with the populace rather than the ruler, and the unworthy ruler could lose their right to govern
  • This, combined with the soaring fiscal burden of near-constant war, set off a series of uprisings, most notably the French Jacquerie of 1358 and the English Peasants' Revolt of 1381. The aristocracy responded with force wherever they could, but they could not turn back the clock.
  • seven-hundred years later, what, if anything, can we learn from this — what can the crises and consequences of the 14th century tell us about our own pandemic and the impending aftermath?
  • There will be no labor shortage in the wake of the coronavirus; quite the opposite, there will likely be a labor surplus, due to the ensuing economic contraction. As for rents, the housing market is essentially frozen as people shelter in place, and housing prices are likely to decline in a recession, but the real cost of housing relative to income is unlikely to see the kind of seismic shift experienced after the Black Death.
  • most presciently for our own time, Europe was headed for a climate catastrophe, and regardless of the Black Death, the continent would have almost certainly faced a series of demographic shocks, like the Great Plague, until considerable changes were made to the existing socio-economic system.
  • The lesson we should take from this today is not the differences between the coronavirus and the Black Death, but rather the broader similarities between the 14th century and the 21st century
  • war between China and the US still looms ever larger, socio-economic inequality is reaching record levels, trust in institutions and our established epistemology is waning, and as we enter the worst depression since the 1930s, climate change once again threatens to throw us back into the Middle Ages
  • if we continue business as usual, what happens next is likely to be much worse. The calamitous 21st century is just getting started, and a more apt parallel for the Black Death is probably yet to come
Javier E

Why Americans Are Dying from Despair | The New Yorker - 0 views

  • Outside of wars or pandemics, death rates for large populations across the world have been consistently falling for decades
  • Yet working-age white men and women without college degrees were dying from suicide, drug overdoses, and alcohol-related liver disease at such rates that, for three consecutive years, life expectancy for the U.S. population as a whole had fallen. “The only precedent is a century ago, from 1915 through 1918, during the First World War and the influenza epidemic that followed it,”
  • Between 1999 and 2017, more than six hundred thousand extra deaths—deaths in excess of the demographically predicted number—occurred just among people aged forty-five to fifty-four.
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  • their explanation begins by dismantling several others.
  • Was the source of the problem America’s all-too-ready supply of prescription opioids?
  • About a million Americans now use heroin daily or near-daily. Many others use illicitly obtained synthetic opioids like fentanyl.
  • As Case and Deaton note, most people who abuse or become addicted to opioids continue to lead functional lives and many eventually escape their dependence
  • The oversupply of opioids did not create the conditions for despair. Instead, it appears, the oversupply fed upon a white working class already adrift.
  • although opioid deaths plateaued, at least temporarily, in 2018, suicides and alcohol-related deaths continue upward.
  • Could deaths of despair be related to the rising incidence of obesity?
  • Case and Deaton report that we’re seeing the same troubling health trends “among the underweight, normal weight, overweight, and obese.”
  • Is the problem poverty?
  • Overdose deaths are most common in high-poverty Appalachia and along the low-poverty Eastern Seaboard, in places such as Massachusetts, New Hampshire, Delaware, and Connecticut. Meanwhile, some high-poverty states, such as Arkansas and Mississippi, have been less affected. Black and Hispanic populations are poorer but less affected, too.
  • How about income inequality? Case and Deaton have found that patterns of inequality, like patterns of poverty, simply don’t match the patterns of mortality by race or region.
  • A consistently strong economic correlate, by contrast, is the percentage of a local population that is employed
  • In the late nineteen-sixties, Case and Deaton note, all but five per cent of men of prime working age, from twenty-five to fifty-four, had jobs; by 2010, twenty per cent did not.
  • What Case and Deaton have found is that the places with a smaller fraction of the working-age population in jobs are places with higher rates of deaths of despair—and that this holds true even when you look at rates of suicide, drug overdoses, and alcohol-related liver disease separately. They all go up where joblessness does.
  • Conservatives tend to offer cultural explanations
  • People are taking the lazy way out of responsibilities, the argument goes, and so they choose alcohol, drugs, and welfare and disability checks over a commitment to hard work, family, and community. And now they are paying the price for their hedonism and decadence—with addiction, emptiness, and suicide.
  • Yet, if the main problem were that a large group of people were withdrawing from the workforce by choice, wages should have risen in parallel.
  • Case and Deaton argue that the problem arises from the cumulative effect of a long economic stagnation and the way we as a nation have dealt with it
  • For the first few decades after the Second World War, per-capita U.S. economic growth averaged between two and three per cent a year. In the nineties, however, it dipped below two per cent. In the early two-thousands, it was less than one per cent. This past decade, it remained below 1.5 per cent.
  • Different populations have experienced this slowdown very differently
  • Anti-discrimination measures improved earnings and job prospects for black and Hispanic Americans. Though their earnings still lag behind those of the white working class, life for this generation of people of color is better than it was for the last.
  • Not so for whites without a college education. Among the men, median wages have not only flattened; they have declined since 1979. The work that the less educated can find isn’t as stable: hours are more uncertain, and job duration is shorter
  • Among advanced economies, this deterioration in pay and job stability is unique to the United States.
  • The United States has provided unusually casual access to means of death.
  • The problem isn’t that people are not the way they used to be. It’s that the economy and the structure of work are not the way they used to be
  • Today, about seventy-five per cent of college graduates are married by age forty-five, but only sixty per cent of non-college graduates are
  • Nonmarital childbearing has reached forty per cent among less educated white women.
  • Religious institutions previously played a vital role in connecting people to a community. But the number of Americans who attend religious services has declined markedly over the past half century, falling to just one-third of the general population today.
  • Case and Deaton see a picture of steady economic and social breakdown, amid over-all prosperity.
  • climate—the amount of social and economic instability not only in your life but also in your family and community—matters, too. Émile Durkheim pointed out more than a century ago that despair and then suicide result when people’s material and social circumstances fall below their expectations.
  • why has the steep rise in deaths of despair been so uniquely American
  • In the past four decades, Americans without bachelor’s degrees—the majority of the working-age population—have seen themselves become ever less valued in our economy. Their effort and experience provide smaller rewards than before, and they encounter longer periods between employment.
  • The availability of opioids has indeed played a role, and the same goes for firearms
  • The U.S. has also embraced automation and globalization with greater alacrity and fewer restrictions than other countries have. Displaced workers here get relatively little in the way of protection and support.
  • And we’ve enabled capital to take a larger share of the economic gains. “Economists long thought that the ratio of wages to profits was an immutable constant, about two to one,” Case and Deaton point out. But since 1970, they find, it has declined significantly.
  • A more unexpected culprit identified by Case and Deaton is our complicated and costly health-care system.
  • The focus of Case and Deaton’s indictment is on the fact that America’s health-care system is peculiarly reliant on employer-provided insurance.
  • As they show, the premiums that employers pay amount to a perverse tax on hiring lower-skilled workers.
  • According to the Kaiser Family Foundation, in 2019 the average family policy cost twenty-one thousand dollars, of which employers typically paid seventy per cent.
  • “For a well-paid employee earning a salary of $150,000, the average family policy adds less than 10 percent to the cost of employing the worker,” Case and Deaton write. “For a low-wage worker on half the median wage, it is 60 percent.”
  • between 1970 and 2016, the earnings that laborers received fell twenty-one per cent. But their total compensation, taken to include the cost of their benefits (in particular, health care), rose sixty-eight per cent. Increases in health-care costs have devoured take-home pay for those below the median income.
  • this makes American health care itself a prime cause of our rising death rates.
  • we must change the way we pay for health care. Instead of preserving a system that discourages employers from hiring, retaining, and developing workers without bachelor’s degrees, we need to make health-care payments proportional to wages—as with tax-based systems like Medicare.
  • So far, the American approach to the rise in white working-class mortality has been to pour resources into addiction-treatment centers and suicide-prevention programs. Yet the rates of suicide and addiction remain sky-high. It’s as if we’re using pressure dressings on a bullet wound to the chest instead of getting at the source of the bleeding.
  • Case and Deaton want us to recognize that the more widespread response is a sense of hopelessness and helplessness. And here culture does play a role.
  • When it comes to people whose lives aren’t going well, American culture is a harsh judge: if you can’t find enough work, if your wages are too low, if you can’t be counted on to support a family, if you don’t have a promising future, then there must be something wrong with you
  • We Americans are reluctant to acknowledge that our economy serves the educated classes and penalizes the rest. But that’s exactly the situation, and “Deaths of Despair” shows how the immiseration of the less educated has resulted in the loss of hundreds of thousands of lives, even as the economy has thrived and the stock market has soared.
  • capitalism, having failed America’s less educated workers for decades, must change, as it has in the past. “There have been previous periods when capitalism failed most people, as the Industrial Revolution got under way at the beginning of the nineteenth century, and again after the Great Depression,” they write. “But the beast was tamed, not slain.”
  • Today, the battles are over an employer-based system for financing health care, corporate governance that puts shareholders’ interests ahead of workers’, tax plans that benefit capital holders over wage earners.
  • We are better at addressing fast-moving crises than slow-building ones. It wouldn’t be surprising, then, if we simply absorbed current conditions as the new normal.
knudsenlu

Keystone XL pipeline decision: what's at stake and what comes next? | Environment | The... - 0 views

  • Nebraska regulators are expected to decide on Monday whether to approve or deny an in-state route for the proposed Keystone XL pipeline. It’s the last major regulatory hurdle facing project operator TransCanada Corp.
  • The five-member Nebraska public service commission is forbidden by law from factoring pipeline safety or the risk of spills into its decision, because pipeline safety is a federal responsibility. So, it will not take into account a spill of 210,000 gallons of oil on the existing Keystone pipeline in South Dakota announced on Thursday.
  • “It’s not as simple as a ‘guilty’ or ‘not guilty’ verdict,” said Brian Jorde, an attorney for Nebraska landowners who are fighting the project. No matter what the commission decides, any group that presented arguments at an August hearing could appeal the decision to a state district court.
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  • The commission’s vote could play a pivotal role in whether TransCanada moves ahead with the pipeline. After years of lobbying for the project, TransCanada acknowledged in a July conference call that executives won’t decide until late November or early December whether to begin construction.
  • At the same time, Texas refineries face uncertainty because of political instability in Venezuela, one of their top oil sources, and a slowdown in Mexican production. “Western Canada has been held captive by geography and hasn’t been able to cheaply access the markets,” Rogers said. “Any opportunity for them to get better access will buoy their margins.”
knudsenlu

Republicans Are Throwing Away Their Shot at Tax Reform - The Atlantic - 0 views

  • America badly needs corporate tax reform.
  • The United States pretends to tax corporations heavily. But those heavy tax rates are perforated by randomly generous rules such that many tax-efficient firms pay nothing at all, or even receive money back from the U.S. Treasury. The result is heavy unfairness between industries and firms, an unfairness that many economists believe systematically distorts investment decisions. U.S. productivity growth has been sluggish since the Great Recession—and had actually turned negative by the beginning of 2016.
  • Lowering the corporate rate while tightening collection—with a view to raising more revenue, in a more rational way—has been a good-government cause since the late 1980s. John Kerry campaigned on it in 2004, as NBC News reported at the time:
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  • Now, in 2017, the all-Republican federal government at last has a chance to make progress on this goal. And it is throwing that opportunity away.
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