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BBC - Future - Can we bring hearts back from the dead? - 0 views

  • Surgeons like to say that when someone suffers a heart attack, time is muscle. The heart depends on a continuous supply of oxygen from the coronary arteries; if these become blocked and that supply stops, the heart’s muscle cells start to die off within just a few minutes. In many cases, unless surgeons can relieve the blockage within the hour, more than 1 billion muscle cells are irreversibly lost.
  • Those who survive are often left with permanent heart failure – a group which includes approximately 450,000 people in the UK. Within the five years following an attack, 50% of them will no longer be alive. “Eventually their hearts become so weak that they can’t sustain sufficient blood flow and they just stop altogether,” says Sanjay Sinha, a cardiologist at Addenbrooke’s Hospital, Cambridge.
  • Stem cell medicine may provide an alternative. In clinical trials, scientists have attempted to remuscularise damaged hearts by injecting individual stem cells – which can develop into many different types – from the patient’s blood or bone marrow directly into the heart.
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  • The challenge is that unlike some of our other organs, like the skin and liver, the heart has a very limited ability to self-heal. Heart muscle cells replicate at a rate of just 0.5% a year, not sufficient to repair any significant damage. Instead, the dead cells are replaced by thick layers of tough, rigid scar tissue, meaning that sections of the heart simply cease to function.
  • But along with a team of stem cell biologists at the University of Cambridge’s Stem Cell Institute, Sinha is working on a slightly different idea: heart patches.
  • One of the main challenges with this approach is how to electrically integrate the new patch with the heart to ensure that both beat in synchrony. Any defective electrical connections could stimulate an abnormal heart rhythm.
Javier E

The second-most dangerous American - The Washington Post - 0 views

  • Because John Bolton is five things President Trump is not — intelligent, educated, principled, articulate and experienced — and because of Bolton’s West Wing proximity to a president responsive to the most recent thought he has heard emanating from cable television or an employee, Bolton will soon be the second-most dangerous American
  • he will be the first national security adviser who, upon taking up residence down the hall from the Oval Office, will be suggesting that the United States should seriously consider embarking on war crimes.
  • The first two charges against the major Nazi war criminals in the 1945-1946 Nuremberg trials concerned waging aggressive war
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  • Bolton, for whom a trade war with many friends and foes is insufficiently stimulating, favors real wars against North Korea and Iran. Both have odious regimes, but neither can credibly be said to be threatening an imminent attack against the United States. Nevertheless, Bolton thinks bombing both might make the world safer. What could go wrong?
  • to speak of, say, a sincere sofa is to commit what philosophers call a “category mistake” — sofas are incapable of sincerity — and to speak of this president’s convictions (or plans, or policies) about this or that is a category mistake.
  • It is frequently said that the decision to invade Iraq was the worst U.S. foreign policy decision since Vietnam. Actually, it was worse than Vietnam, and the worst in American history, for two reasons.
  • One is that so far we probably have paid no more that 20 percent of the eventual costs of that decision that enhanced Iran’s ascendancy.
  • The other reason is that America gradually waded waist deep into Vietnam without a crossing-the-Rubicon moment — a single clear, dispositive decision. In contrast, the protracted preparation for invading Iraq was deliberative and methodical.
  • Bolton’s belief in the U.S. power to make the world behave and eat its broccoli reflects what has been called “narcissistic policy disorder” — the belief that whatever happens in the world happens because of something the United States did or did not do. This is a recipe for diplomatic delusions and military overreaching
  • Speaking of delusions, one died last week — the belief that this president could be safely cocooned within layers of adult supervision
Javier E

The climate crisis is our third world war. It needs a bold response | Joseph Stiglitz |... - 0 views

  • Advocates of the Green New Deal say there is great urgency in dealing with the climate crisis and highlight the scale and scope of what is required to combat it. They are right
  • An even better analogy would be the country’s mobilization to fight World War II.
  • Critics ask, “Can we afford it?” and complain that Green New Deal proponents confound the fight to preserve the planet, to which all right-minded individuals should agree, with a more controversial agenda for societal transformation. On both accounts the critics are wrong.
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  • The climate emergency is our third world war. Our lives and civilization as we know it are at stake, just as they were in the second world war.
  • When the US was attacked during the second world war no one asked, “Can we afford to fight the war?” It was an existential matter. We could not afford not to fight it. The same goes for the climate crisis.
  • We will pay for climate breakdown one way or another, so it makes sense to spend money now to reduce emissions rather than wait until later to pay a lot more for the consequences – not just from weather but also from rising sea levels. It’s a cliche, but it’s true: an ounce of prevention is worth a pound of cure.
  • The war on the climate emergency, if correctly waged, would actually be good for the economy – just as the second world war set the stage for America’s golden economic era , with the fastest rate of growth in its history amidst shared prosperity
  • The Green New Deal would stimulate demand, ensuring that all available resources were used; and the transition to the green economy would likely usher in a new boom.
  • The biggest challenge will be marshalling the resources for the Green New Deal. In spite of the low “headline” unemployment rate, the United States has large amounts of under-used and inefficiently allocated resources.
  • The ratio of employed people to those of working age in the US is still low, lower than in our past, lower than in many other countries, and especially low for women and minorities
  • Together with better education and health policies and more investment in infrastructure and technology – true supply side policies – the productive capacity of the economy could increase, providing some of the resources the economy needs to fight and adapt to the climate breakdown.
  • Almost surely, however, there will have to be a redeployment of resources to fight this war just as with the second world war, when bringing women into the labor force expanded productive capacity but it did not suffice.
  • America is lucky: we have such a poorly designed tax system that’s regressive and rife with loopholes that it would be easy to raise more money at the same time that we increase economic efficiency. Taxing dirty industries, ensuring that capital pays at least as high a tax rate as those who work for a living, and closing tax loopholes would provide trillions of dollars to the government over the next 10 years, money that could be spent on fighting the climate emergency.
  • the creation of a national Green Bank would provide funding to the private sector for climate breakdown – to homeowners who want to make the high-return investments in insulation that enables them to wage their own battle against the climate crisis, or businesses that want to retrofit their plants and headquarters for the green economy
Javier E

Trump doesn't deserve credit for all the economic good news - The Washington Post - 0 views

  • He is president of the United States, not the world. And the economic surprises in the rest of the world have been more favorable than those in America. The scale of upward revisions of growth forecasts for 2017 and 2018 has been higher in Europe, Japan, China and emerging markets broadly than for the United States. Many other stock markets have outperformed those here.
  • If Trump’s pro-business policies were driving the global economy, one would expect an increase in net capital flows into the United States, and so a stronger dollar. In fact, the dollar has weakened significantly in the past year, despite more Federal Reserve tightening than was anticipated at the beginning of 2017.
  • Complacency about the economy can be a self-denying prophecy when it leads to excessive valuations, lending and spending. We are surely closer to such a point than we were a year ago. Sooner or later, another downturn will come
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  • If and when recession comes, the world will have much less room than usual to maneuver.
  • The world can accept a message that the United States wants a fairer allocation of the burden of upholding the global system, that after a period of weak economic performance America needs to concentrate more efforts at home, and that it will be guided by its economic and security interests, not the promotion of abstract values.
  • If the short-run concern of those gathered in Davos will be how the world will deal with the next recession, the long-run one has to be declining appeal of democratic global values. In countries as diverse as the United States, Britain, Turkey, Russia, Israel and China, it appears that the governmental platform that commands the most popular support is rooted in nativism, nationalism and negativism. Populist nationalism eventually produces bad economic results, leading to more pressures for anti-establishment leadership and extreme policies.
  • At the political level, the kind of agreement forged in London in 2009 between the G20 group of most developed countries to keep markets open, support international institutions and cooperate to stimulate their economies seems much more difficult to achieve today. And there is the real risk in many countries that recession would reinforce tendencies toward authoritarian nationalist politics.
  • But such a message needs to be accompanied by clear signals that the United States will strive to be a reliable and predictable partner, that it understands its interest in strong effective global institutions and that it recognizes that even self-interested nations can benefit from thoughtful diplomacy
Javier E

The Curse of Econ 101 - The Atlantic - 1 views

  • Poverty in the midst of plenty exists because many working people simply don’t make very much money. This is possible because the minimum wage that businesses must pay is low: only $7.25 per hour in the United States in 2016 (although it is higher in some states and cities). At that rate, a person working full-time for a whole year, with no vacations or holidays, earns about $15,000—which is below the poverty line for a family of two, let alone a family of four.
  • A minimum-wage employee is poor enough to qualify for food stamps and, in most states, Medicaid. Adjusted for inflation, the federal minimum is roughly the same as in the 1960s and 1970s, despite significant increases in average living standards over that period.
  • At first glance, it seems that raising the minimum wage would be a good way to combat poverty.
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  • The United States currently has the lowest minimum wage, as a proportion of its average wage, of any advanced economy,
  • The argument against increasing the minimum wage often relies on what I call “economism”—the misleading application of basic lessons from Economics 101 to real-world problems, creating the illusion of consensus and reducing a complex topic to a simple, open-and-shut case.
  • The minimum wage has been a hobgoblin of economism since its origins
  • Think tanks including Cato, Heritage, and the Manhattan Institute have reliably attacked the minimum wage for decades, all the while emphasizing the key lesson from Economics 101: Higher wages cause employers to cut jobs.
  • In today’s environment of increasing economic inequality, the minimum wage is a centerpiece of political debate
  • The real impact of the minimum wage, however, is much less clear than these talking points might indicate.
  • In 1994, David Card and Alan Krueger evaluated an increase in New Jersey’s minimum wage by comparing fast-food restaurants on both sides of the New Jersey-Pennsylvania border. They concluded, “Contrary to the central prediction of the textbook model ... we find no evidence that the rise in New Jersey’s minimum wage reduced employment at fast-food restaurants in the state.”
  • Card and Krueger’s findings have been vigorously contested across dozens of empirical studies. Today, people on both sides of the debate can cite papers supporting their position, and reviews of the academic research disagree on what conclusions to draw.
  • economists who have long argued against the minimum wage, reviewed more than one hundred empirical papers in 2006. Although the studies had a wide range of results, they concluded that the “preponderance of the evidence” indicated that a higher minimum wage does increase unemployment.
  • On the other hand, two recent meta-studies (which pool together the results of multiple analyses) have found that increasing the minimum wage does not have a significant impact on employment.
  • The profession as a whole is divided on the topic: When the University of Chicago Booth School of Business asked a panel of prominent economists in 2013 whether increasing the minimum wage to $9 would “make it noticeably harder for low-skilled workers to find employment,” the responses were split down the middle.
  • The idea that a higher minimum wage might not increase unemployment runs directly counter to the lessons of Economics 101
  • there are several reasons why the real world does not behave so predictably.
  • Although the standard model predicts that employers will replace workers with machines if wages increase, additional labor-saving technologies are not available to every company at a reasonable cost
  • At the other extreme, very large employers may have enough market power that the usual supply-and-demand model doesn’t apply to them. They can reduce the wage level by hiring fewer workers
  • In the above examples, a higher minimum wage will raise labor costs. But many companies can recoup cost increases in the form of higher prices; because most of their customers are not poor, the net effect is to transfer money from higher-income to lower-income families.
  • In addition, companies that pay more often benefit from higher employee productivity, offsetting the growth in labor costs.
  • why higher wages boost productivity: They motivate people to work harder, they attract higher-skilled workers, and they reduce employee turnover, lowering hiring and training costs, among other things
  • If fewer people quit their jobs, that also reduces the number of people who are out of work at any one time because they’re looking for something better. A higher minimum wage motivates more people to enter the labor force, raising both employment and output
  • Finally, higher pay increases workers’ buying power. Because poor people spend a relatively large proportion of their income, a higher minimum wage can boost overall economic activity and stimulate economic growth
  • Even if a higher minimum wage does cause some people to lose their jobs, that cost has to be balanced against the benefit of greater earnings for other low-income workers.
  • In short, whether the minimum wage should be increased (or eliminated) is a complicated question. The economic research is difficult to parse, and arguments often turn on sophisticated econometric details. Any change in the minimum wage would have different effects on different groups of peop
  • Nevertheless, when the topic reaches the national stage, it is economism’s facile punch line that gets delivered, along with its all-purpose dismissal: people who want a higher minimum wage just don’t understand economics (although, by that standard, several Nobel Prize winners don’t understand economics
  • This conviction that the minimum wage hurts the poor is an example of economism in action
  • one particular result of one particular model is presented as an unassailable economic theorem.
  • A recent study by researchers at the Cornell School of Hotel Administration, however, found that higher minimum wages have not affected either the number of restaurants or the number of people that they employ, contrary to the industry’s dire predictions, while they have modestly increased workers’ pay.
  • The fact that this is the debate already demonstrates the historical influence of economism
  • Low- and middle-income workers’ reduced bargaining power is a major reason why their wages have not kept pace with the overall growth of the economy. According to an analysis by the sociologists Bruce Western and Jake Rosenfeld, one-fifth to one-third of the increase in inequality between 1973 and 2007 results from the decline of unions.
  • With unions only a distant memory for many people, federal minimum-wage legislation has become the best hope for propping up wages for low-income workers. And again, the worldview of economism comes to the aid of employers by abstracting away from the reality of low-wage work to a pristine world ruled by the “law” of supply and demand.
manhefnawi

France, Burgundy and England | History Today - 0 views

  • The treaty of marriage between Henry V of England and Catherine of France, daughter of Charles VI, sworn in the Cathedral of Troyes on May 21st, 1420, marks the darkest hours of the French monarchy in the fifteenth century. In thirty-one short articles, the treaty made Henry the son of Charles VI and heir, with Henry's own heirs, to the Crown of France. It also made Henry regent until the king's death and gave him the government of the kingdom of France. The 'so-called' dauphin, Charles, was thought to be definitively isolated, having already forfeited his rights after he had had John the Fearless, Duke of Burgundy, assassinated at Montereau on September 10th, 1419
  • On the borders of the territories where he strove to impose his authority as regent and heir to France, the Dukes of Brittany (John V) and of Burgundy (Philip the Good), contrived to safeguard their de facto independence
  • The unexpected death of Henry V on August 31st, 1422, and the long-awaited death of Charles VI (October 21st, 1422), the brutal regency of the Duke of Bedford, and the Amiens alliance of April 1423 between the three dukes (Bedford, Brittany, Burgundy), all contributed, to different extents, to aggravate the political conflict
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  • The recovery of Orleans and the coronation of Charles VII at Reims on July 17th, 1429 mark a turning point for the future also because, by that time, a real national feeling and the concept of patriotism had gained ground
  • Furthermore, the result of Henry V's and Bedford's policy of granting newly conquered land to the English soldiers, was that those who had nothing in England stayed in France to defend and increase their new possessions. For those who already had land in England, the time came when holding estates on both sides of the Channel became impossible and they had to make their choice.
  • Never did Henry VI acknowledge the Duke of Burgundy's claims on the French monarchy and, for his part, the Duke obstinately refused to meet Henry VI during the period the latter was in France from April 1430 to February 1432. Excluded from any participation in the control of the government of France, Philip the Good was able, at leisure and under cover of this alliance, to increase his possessions in the Low Countries
  • In an article published in England and her Neighbours 1066-1453: Essays in Honour of Pierre Chaplais edited by M.C.E. Jones and M.G.A. Vale (Hambledon Press, 1989), Maurice Keen offers a stimulating explanation of the English disaster in the 1450s.
  • Armstrong has drawn attention to the close cultural links between England and Burgundy in the early fifteenth century and has shown that the real instigator of the treaty of Troyes was Philip the Good. For his part, Andre Legay (Poitiers colloquium) developed the idea that, if the Anglo-Burgundian alliance did last until the reconciliation of Charles VII and Philip the Good at the treaty of Arras (September 21st, 1435), it remained nevertheless fragile and limited
  • After Formigny (April 15th, 1450) and Castillon (July 17th, 1453), the inglorious truce agreed upon by Edward IV and Louis XI at Picquigny on August 29th, 1475, was yet another injury to England's pride. However, as Charles Ross in Edward IV (Methuen, 1974) points out, 'the days when England, even in alliance with Burgundy, could seriously challenge the most powerful and wealthy state in Europe were long since past
  • The very title of the colloquium, 'La France de la Fin du XV' siecle: Renouveau et Apogee' (published in 1985 by Editions du CNRS), shows to what extent the fundamental research carried out over the last twenty years has improved our understanding of the kingdom of Louis XI, Charles VIII and Louis XII, and has altered the old image of a France lacking any real identity and torn between the waning of the Dark Ages and the emergence of modernity
  • The incorporation of the ducal apanage of Burgundy was one of the major preoccupations of Louis XI
  • Therefore, Louis XI and Charles VIII had to battle against a real state, which had its own institutions and an efficient and organised army, and which was the mainstay of all the French and foreign oppositions (particularly English) to the progression of the French monarchy. It was only at the end of the 1487-91 war, and after the marriage of the Duchess Anne to Charles VIII (December 6th, 1491) and later to Louis XII (January 8th, 1499) that Brittany was united with France
  • The custom was first followed in France in the case of the funeral of Charles VI, a few weeks after the funeral of Henry V of England where this practice had been followed, and it is likely that the English presence in Paris influenced French custom in this respect
  • The failure of Richard II who, in the 1390s, instead of building up a retinue which reflected, and therefore drew strength from the realities of local politics, 'tried to establish local power-structures which reflected the image of his own court', is similar to the one Richard lII suffered in 1483-85
  • The monarchs were able to rely on a more numerous and permanent administration, loyal to the continuation of the State, and therefore they were less dependent upon their network of patronage. Peter Lewis (Tours colloquium, 1983) refutes the idea that Louis XI's pensioners could have formed a royal clientage: 'they did not represent a monarchical clan, but were para-administrators carrying out para-administrative tasks
  • a group of men, most of them closely related, who monopolised the most eminent functions and offices and who behaved as the masters of the realm (Recherches sur le personnel du Conseil du Roi sous Charles VIII et Louis XII, Librairie Honori Champion, 1980)
manhefnawi

The Last Years of James II | History Today - 0 views

  • For eleven years, from his defeat at the Boyne in July 1690 until his death in September 1701, James II lived at Saint-Germain-en-Laye (near Versailles) in one of the most spectacular royal palaces of the Baroque period
  • Louis was obliged to recognise William III as de facto King of England, as a condition for signing the peace treaty of Ryswick, which marked the end of the War of the League of Augsburg. The treaty in no way affected James II’s status as de jure king, nor his son’s status as de jure Prince of Wales, but James now had to tolerate the presence in Paris, and occasionally at the French Court, of a hostile English ambassador
  • At the tercentenary of the King’s death, it is surely time to take a closer look at the life that James led in France
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  • When James returned from Ireland in the summer of 1690 he was intent on preparing an invasion of England across the Channel from Normandy. Energetically supported by the leading Jacobites in exile, his negotiations with Louis XIV resulted in the major Franco-Jacobite invasion attempt of June 1692
  • James calculated, correctly, that these three ingredients would stimulate loyalty and attract visitors to his Court – whether Jacobites already in exile, others impatiently awaiting his return to England, or the many French courtiers who, like Louis XIV himself, regularly made the short journey from Versailles to Saint-Germain
  • James’s optimism remained with him throughout the period 1690-92, particularly when his able and devoted Secretary of State, the Earl of Melfort, rejoined him from a lengthy embassy to Rome at the end of 1691
  • He wrote to Louis XIV, blaming himself for bringing bad luck to the French fleet and offering to leave France, so that Louis’ military and naval successes could be resumed. The King of France kindly rejected his offer
  • Religious nonconformity had been illegal in France since the revocation of the Edict of Nantes in 1685, so James had to be cautious. He knew perfectly well that Louis had strong feelings on the subject, and that he had refused to allow Anglican and other Protestant services to be held openly, even within the Château de Saint-Germain
  • The disappointment which James  had experienced in 1692 was repeated in 1696. At the end of February, James left Saint-Germain and travelled to Calais, where an army had been assembled to invade England
  • The abortive Assassination Plot, an unauthorised attempt by certain Jacobites to break the deadlock by killing William III, resulted in the cancellation of the planned invasion and James’s return (his third) to Saint-Germain
  • William III used Louis’ recognition of James III as de jure king of England to renew his war with France, but it was no more than a pretext. All English kings, including William himself, claimed to be the de jure kings of France. During the 1690s, James II had been admitted as a Canon of Tours Cathedral because that was a privilege claimed by the English kings as de jure Counts of Anjou
  • It is extraordinary that the last years of any British king, and particularly one whose life is quite well documented, should have received such little attention from generations of British historians
  • These medals were intended to remind people that his son was the de jure Prince of Wales, and that one day he would unavoidably become King James III
  • James wanted to be absolutely sure that Louis XIV would recognise his son as James III when he was dead. He need not have worried. Recognition was in no sense contrary to the Treaty of Ryswick, and Louis already knew that it was his religious duty to recognise the legitimate succession
  • Louis would become the guardian of both of James’s children, and would recognise his son as James III so long as he remained a Catholic. James II recorded Louis’ side of the agreement in a codicil to his will, dated March 5th
  • In this way it was already settled that Louis would eventually give the same treatment to James III as he was already giving to James II, not in September 1701 – an important point which all historians seem to have overlooked
  • At the end of the year he was distressed to discover that Louis XIV intended to lay off even more Irish troops and wrote unsuccessfully to dissuade him
  • The letter contained some confidential comments, as one might expect between two brothers, about the Jacobite sympathies of various Scottish noblemen and the chances of persuading France to resume its support for James II’s claims to the British thrones
  • All that remained was to remind the prince repeatedly that he must continue to be a Catholic if he was to retain and deserve the support of Louis XIV. James finally died on September 16th. Louis’ recognition of James III, as we have seen, had been arranged long before it finally came into effect
  • James II decided to establish in the Chapel Royal at Saint-Germain the devotion known as Bona Morte, a confraternity of people who would meet together to contemplate the Passion of Christ
  • When England terminated the Treaty of Ryswick by declaring war on France in 1702, Louis XIV was able to resume the support of the Stuarts which he could not do while the Treaty remained in force
  • The circumstances of his death make James II an ideal subject for the study of royal DNA. His remains are more accessible than those of any other British monarch, and thus allow us to determine definitely, one way or the other, if the porphyria gene which was passed down by Mary, Queen of Scots through James I to his daughter Elizabeth, the ‘Winter Queen’ (and from her to the Hanoverians and their descendants today) was also transmitted by Charles I to the later Stuarts, including James III and Bonnie Prince Charlie.
manhefnawi

France - France in the early 17th century | Britannica.com - 0 views

  • The restoration of royal authority was not, of course, simply a matter of adjusting theories of kingship; there was a clear practical reason for Henry’s success. The country had tottered on the brink of disintegration for three decades. By the time of Henry’s succession, it was generally recognized that only a strong personality, independent of faction, could guarantee the unity of the state, even though unity meant religious toleration for the Protestant minority. In the Edict of Nantes (April 13, 1598) Henry guaranteed the Huguenots freedom of conscience and the right to practice their religion publicly in certain prescribed areas of the country.
  • Although the problem of religion was not finally settled by the Edict of Nantes, Henry did succeed in effecting an extended truce during which he could apply himself to the task of restoring the royal position
  • The chief need of the monarchy was to improve the financial situation, parlous since the days of Henry II’s wars and aggravated by the subsequent internecine conflict.
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  • the introduction in 1604 of a new tax, the paulette, named after the financier Charles Paulet, which enabled officiers (officeholders) to assure the heritability of their offices by paying one-sixtieth of the purchase price each year.
  • Sully was not an original financial thinker. He undertook no sweeping changes, contenting himself with making the existing system work, for example, by shifting the emphasis from direct to indirect taxation. He succeeded in building both an annual surplus and substantial reserves.
  • Henry IV believed in direct state intervention, and he took steps to fix wages and to prohibit strikes and illegal combinations of workmen. Henry’s policies bore fruit especially in the textile industries, where the production of luxury silk goods and woolen and linen cloth greatly increased. Henry also took the initiative in making commercial treaties with Spain and England, thereby increasing the volume of French trade and stimulating the export of grain, cattle, and wine.
  • he was able to prevent them from once more dividing his kingdom.
  • He did have to counter a conspiracy led by one of his own marshals, Charles de Gontaut, baron et duc de Biron, who plotted with the king of Spain and almost succeeded in raising southwestern France in revolt. Henry, however, had Biron arrested and executed in 1602; this strong action against an old friend and powerful enemy had the effect of subduing the political rising and strengthening Henry’s own authority.
  • When Henry IV was assassinated by François Ravaillac, a Catholic fanatic, in May 1610, he had gone a long way toward restoring the monarchy to a position of authority similar to that held by Francis I and Henry II and had reunified a state greatly threatened at his accession from both within and without.
Javier E

'Climate apartheid': UN expert says human rights may not survive | Environment | The Gu... - 0 views

  • The world is increasingly at risk of “climate apartheid”, where the rich pay to escape heat and hunger caused by the escalating climate crisis while the rest of the world suffers, a report from a UN human rights expert has said.
  • the impacts of global heating are likely to undermine not only basic rights to life, water, food, and housing for hundreds of millions of people, but also democracy and the rule of law.
  • Alston is critical of the “patently inadequate” steps taken by the UN itself, countries, NGOs and businesses, saying they are “entirely disproportionate to the urgency and magnitude of the threat”
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  • The report also condemns Donald Trump for “actively silencing” climate science, and criticises the Brazilian president, Jair Bolsonaro, for promising to open up the Amazon rainforest to mining
  • Alston said there were also some positive developments, including legal cases against states and fossil fuel companies, the activism of Greta Thunberg and the worldwide school strikes, and Extinction Rebellion.
  • t said the greatest impact of the climate crisis would be on those living in poverty, with many losing access to adequate food and water.
  • Developing countries will bear an estimated 75% of the costs of the climate crisis, the report said, despite the poorest half of the world’s population causing just 10% of carbon dioxide emissions.
  • “The risk of community discontent, of growing inequality, and of even greater levels of deprivation among some groups, will likely stimulate nationalist, xenophobic, racist and other responses.
  • aintaining a balanced approach to civil and political rights will be extremely complex.”
  • The impacts of the climate crisis could increase divisions, Alston said. “We risk a ‘climate apartheid’ scenario where the wealthy pay to escape overheating, hunger, and conflict while the rest of the world is left to suffer,
  • He said the most recent HRC resolution on the climate crisis did not recognise “that the enjoyment of all human rights by vast numbers of people is gravely threatened” or “the need for the deep social and economic transformation, which almost all observers agree is urgent if climate catastrophe is to be averted”.
  • nternational climate treaties have been ineffective, the report said, with even the 2015 Paris accord still leaving the world on course for a catastrophic 3C (equivalent to an increase of 5.4F) of heating without further action
  • “States have marched past every scientific warning and threshold, and what was once considered catastrophic warming now seems like a best-case scenario,” the report said.
  • he US president is one of the few individuals named in the report. “He has placed former lobbyists in oversight roles, adopted industry talking points, presided over an aggressive rollback of environmental regulations, and is actively silencing and obfuscating climate science.”
  • A state that fails to take any feasible steps to reduce greenhouse gas emissions is violating their human rights obligations.”
brookegoodman

US coronavirus stimulus checks: are you eligible and how much will you get? | World new... - 0 views

  • The US has agreed on a $2tn stimulus package, the largest economic stimulus in US history, in response to the economic impacts of Covid-19. While corporations will be the biggest recipients of the bailout, some of that money will be paid directly to Americans hit by the pandemic.
  • Congress will spend about $250bn for checks up to $1,200 per person that will go directly to taxpayers.
  • To be eligible for the full amount, a person’s most recently filed tax return must show that they made $75,000 or under. For couples, who can receive a maximum of $2,400, the cutoff is $150,000.
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  • If a person makes above $99,000, or a couple makes above $198,000, no check will be given.
  • This is not the first time the government has sent checks to Americans. The federal government gave up to $300 in 2001 and $600 in 2008 to taxpayers who met a certain income bracket to similarly stimulate the economy.
  • The length and amount of compensation varies from state to state. A majority of states providing a maximum of 26 weeks of compensation, while average weekly compensation ranges from 20% of a person’s wage to just over 50%.
  • Not in this bill. Earlier last week, Donald Trump signed the Families First Coronavirus Response Act, a bill worth about $100bn meant to expand paid sick leave and emergency paid leave, but it came with major loopholes. Companies with over 500 employees were not mentioned in the bill, while companies with under 50 employees can apply for exemptions.
  • Again, not in this bill. The Families First Coronavirus Response Act included a measure that mandated all Covid-19 testing is free, but treatment for any symptoms (there is currently no cure for the illness) still comes at a cost. A few states have reopened enrollment for their health insurance programs to allow those concerned about costs to enroll, but there are still stories of people getting bills for as much as $34,000 to cover treatment of the virus’ symptoms.
Javier E

Republican tax cuts will hurt Americans. And Democrats will pay the price | Bruce Bartl... - 0 views

  • The theory was laid out almost 30 years ago by two Swedish economists, Torsten Persson and Lars EO Svensson.
  • they explained why a stubborn conservative legislator would intentionally run a big budget deficit.
  • It has to do with what economists call time inconsistency – the consequences of actions taken today may not appear until the future, when a different political party will be in power. Thus the credit or blame will accrue to that party rather than the one that implemented the policy, because voters tend to attribute whatever is happening today to the party in power today even if that party had nothing to do with it.
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  • Thus Barack Obama got blamed for a recession and resulting budget deficits he had nothing to do with originating.
  • Of course, another reason for those deficits is that Republicans systematically decimated the federal government’s revenue-raising capacity during the George W Bush administration with one huge tax cut after another
  • The payoff for this orgy of tax-cutting came when Obama took office. All of a sudden, Republicans noticed that there were large deficits and insisted that Obama do something about them right this minute! They even made the nonsensical argument that spending cuts would stimulate growth by reducing the burden of government.
  • Obama’s hands were tied by the deficit hawks in his own party as well and prevented from offering an economic stimulus adequate to offset the loss of aggregate demand resulting from the great recession that began in December 2007 on Bush’s watch. Obama even joined with Republicans to slash spending in the 2011 budget deal and put in place budget controls that made it virtually impossible to pursue any positive Democratic initiatives for the balance of his presidency. No wonder Trump won.
  • I think Republicans remember better than Democrats the lesson of 1993 as well. Bill Clinton was elected in 1992 on an activist agenda. But once in office, he was persuaded to reverse course and put all his efforts into deficit reduction.
  • Its key element was a significant tax increase that every Republican in Congress voted against. They said it would crash the economy, but was instead followed by an economic boom. Unfortunately, the boom didn’t become apparent until after the 1994 election in which Democrats took heavy losses – in large part because of the tax increase. Republicans got control of both houses of Congress for the first time in 40 years.
  • I believe that the same cycle will rerun over the next few years. Should Democrats get control of the House and/or Senate next year, Trump and his party will insist that deficit reduction be the only order of business. Automatic spending cuts resulting directly from the tax cut will start to bite, hurting the poor and middle class primarily, according to the Congressional Budget Office, and making them forget that they resulted from a huge tax give-away to the wealthy that increased the deficit by $1.5tn. Democrats will get much of the blame due to time-inconsistency.
  • Keep in mind that no matter how big the deficit gets from the tax cut Republicans are rushing to enact, none of them will ever vote to undo those cuts or raise taxes except, perhaps, in ways that further burden the poor, such as raising the gasoline tax. That is because they all signed a tax pledge promising never to raise taxes. Therefore, any deficit reduction will either consist solely of spending cuts or pass with only Democratic votes, as was the case in 1993.
  • Grover Norquist, planned it this way. I doubt he has ever read Persson and Svensson, but understood intuitively that the tax pledge was guaranteed to ratchet down the size of government forever. It wouldn’t happen all at once, but over a period of decades. The history of fiscal policy since the pledge was originated in 1988 is, sadly, proof that it has worked exactly as he hoped.
  • The Democrats’ only hope is to defeat the tax cut in its entirety and not be seduced by Republican efforts to tilt it more in favor of the middle class. Once the deficit is programmed to increase by another $1.5tn the Republican trap will be set and Democrats will again be on the path to cleaning up their fiscal mess. Just say no to tax cuts is my advice.
knudsenlu

Who Becomes an Inventor in America? - The Atlantic - 0 views

  • Consider two American children, one rich and one poor, both brilliant. The rich one is much more likely to become an inventor, creating products that help improve America’s quality of life. The poor child probably will not.
  • That’s the conclusion of a new study by the Equality of Opportunity project, a team of researchers led by the Stanford economist Raj Chetty. Chetty and his team look at who becomes inventors in the United States, a career path that can contribute to vast improvements in Americans’ standard of living. They find that children from families in the the top 1 percent of income distribution are 10 times as likely to have filed for a patent as those from below-median-income families, and that white children are three times as likely to have filed a patent as black children. This means, they say, that there could be millions of “lost Einsteins”—individuals who might have become inventors and changed the course of American life, had they grown up in different neighborhoods. “There are very large gaps in innovation by income, race, and gender,” Chetty told me. “These gaps don’t seem to be about differences in ability to innovate—they seem directly related to environment.”
  • Indeed, exposure to certain specific fields makes children more likely to pursue a career, and a patent, in those fields, the researchers found. This is how they know that exposure, in addition to neighborhoods, is important to innovation: It would be unlikely that growing up in a good neighborhood would inspire many children to patent in the same small field. People who grew up in Minneapolis, where there are many medical-device manufacturers, were especially likely to get patents in medical devices, for instance. Among people living in Boston as adults, those who grew up in Silicon Valley were especially likely to patent in computers. Children whose parents have patents in a specific field—say, antennas—are also likely to patent in exactly the same field as their parents did.
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  • This follows on earlier research from the Equality of Opportunity project that shows that growing up in an impoverished area can hurt a child’s chances of achieving many of the pieces of the American Dream. Living in certain neighborhoods makes it less likely that a child will attend college, that they’ll earn more than their parents did, and that they’ll postpone having children until they marry.
  • This paper’s results suggest that policies that increase exposure to innovation childhood could go a long way in stimulating economic growth. Internships or mentorship programs could link children interested in math and science with innovators, for example, which might make them more likely to pursue careers in that field. Integration could also help—if children have exposure to more types of people, the people they think of as their peer group changes, and they might be more likely to pursue a career that is dominated by people who don’t look like them. That will help them succeed individually, and it could have a positive effect on the economy as a whole.
krystalxu

China - Trade | history - geography | Britannica.com - 0 views

  • Trade has become an increasingly important part of China’s overall economy, and it has been a significant tool used for economic modernization.
  • In 1965 China’s trade with other socialist countries made up only about one-third of the total.
  • The principal efforts were made in Asia—especially to Indonesia, Burma (Myanmar), Pakistan, and Ceylon (Sri Lanka)—but large loans were also granted in Africa (Ghana, Algeria, Tanzania) and in the Middle East (Egypt).
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  • Taiwan also has become an important trading partner.
  • The lowest unit is the enterprise union committee. Individual trade unions also operate at the provincial level, and there are trade union councils that coordinate all union activities within a particular area and operate at county, municipal, and provincial levels. At
  • The great bulk of China’s exports consists of manufactured goods, of which electrical and electronic machinery and equipment and clothing, textiles, and footwear are by far the most important.
  • Women have been a major labour presence in China since the People’s Republic was established. Some two-fifths of all women over age 15 are employed.
  • Regionally, almost half of China’s imports come from East and Southeast Asia, and some one-fourth of its exports go to the same countries.
  • More recently, however, reforms of the social security system have involved moving the responsibility for pensions and other welfare to the provinces.
  • From the 1950s to the ’80s, the central government’s revenues derived chiefly from the profits of the state enterprises, which were remitted to the state.
  • All parts of China, except certain remote areas of Tibet, are accessible by rail, road, water, or air.
  • The construction of these smaller railways is encouraged by the central government, and technical assistance is provided by the state railway system when it is thought that the smaller railways can stimulate regional economic development.
  • Coal has long been the principal railway cargo.
  • Since the late 1950s there has been a change in railway-construction policy.
  • Since 1960 hundreds of thousands of workers have been mobilized to construct major lines in the northwest and southwest.
  • These projects, which were coordinated on a national level, contrast to the pattern prevailing before World War II, when foreign-financed railroads were built in different places without any attempt to coordinate or standardize the transport and communications system.
  • A major new line runs southward from Beijing to Kowloon (Hong Kong) via Fuyang and Nanchang and eases strain on the other north-south trunk lines.
  • Of the three highways, one runs westward across Sichuan into Tibet; another extends southwestward from Qinghai to Tibet; and the third runs southward from Xinjiang to Tibet.
  • By the 1980s many vehicles, especially automobiles, were imported. Domestic automobile manufacture grew rapidly after 1990 as individual car ownership became increasingly possible, and it emerged as one of China’s major industries. Several foreign companies have established joint ventures with Chinese firms.
rerobinson03

Opinion | How Not to Panic About Inflation - The New York Times - 0 views

  • After the 2008 financial crisis plunged America into a deep recession, both the new Obama administration and the Federal Reserve tried to stimulate the economy, spending hundreds of billions on a variety of programs while buying trillions in bonds. There is now consensus among economists that these efforts were helpful, but it’s also widely believed that they were inadequate (as some of us strenuously argued at the time).
  • Reflecting this expectation, companies will mark prices up relative to what they would have been if they didn’t expect future inflation — and by so doing, will feed the very inflation they fear. In other words, once expectations of sustained inflation are embedded in the economy, inflation becomes self-perpetuating — and bringing it down can be extremely difficult. That’s what makes stagflation — inflation despite high unemployment — possible.
  • If they aren’t — and my bet is that they won’t be — then the lesson of 2010-2011 will remain: Don’t panic.Now as then there are people eager to denounce government attempts to help the economy. And it’s certainly possible that the American Rescue Plan will turn out, in retrospect, to have been too much of a good thing. But don’t let the usual suspects seize on a few months’ inflation data as evidence of looming disaster.
delgadool

Biden Seeks Help on Border From Mexican President - The New York Times - 0 views

  • Mr. López Obrador won the admiration of President Donald J. Trump for cooperating with his hard-line immigration agenda, and the Mexican president praised Mr. Trump during a call with Mr. Biden, then the president-elect, in December.
  • Mr. Biden is now hoping that Mr. López Obrador will become a partner in preventing another cycle of out-of-control migration from Central America, but that he will do so without resorting to the full range of policies Mr. Trump embraced.
  • Mr. López Obrador recently called for a new guest worker program for Mexicans and Central Americans in the United States, although Mr. Biden’s press secretary said on Monday the move would require legislation from Congress.
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  • “The United States and Mexico are stronger when we stand together,” Mr. Biden said at the beginning of a virtual meeting with the Mexican president, while acknowledging that the countries have not been “perfect” neighbors. He said that during the Obama administration, “we looked at Mexico as an equal — you are equal.”
  • The conversation came after a tumultuous start between the two leaders
  • “What you do in Mexico and how you succeed affects the rest of the hemisphere,” Mr. Biden told him.
  • Mr. Biden is not using the rule to expel unaccompanied migrant children, a practice that under Mr. Trump caused families to scramble to find Central American children and violated a diplomatic agreement with Mexico. I
  • Mr. Biden has made immigration one of his top legislative and diplomatic priorities, moving quickly to raise Trump-era limits on refugees who can be allowed into the United States and calling on Congress to pass a far-reaching bill that would give a path to citizenship to 11 million undocumented immigrants already living in the country.
  • The Biden administration has also formed a task force to unite parents separated from their children under Mr. Trump’s family separations policy
  • Republicans have already signaled that they intend to seize on Mr. Biden’s reversals of his predecessor’s immigration policies as a cornerstone in their efforts to take back Congress in 2022 and recapture the White House two years later.
  • While Mr. Biden is unwinding the Migrant Protection Protocols program that forced migrants to wait in Mexico for an adjudication in their asylum cases, he has kept another Trump-era rule in place that empowers border agents to swiftly expel migrants and turn them over to Mexican authorities.
  • But even as Mr. Biden seeks to unwind those policies, Mr. Mayorkas acknowledged that the United States continued to rely, for now, on a measure at the heart of Mr. Trump’s approach: a public health rule that requires border agents to quickly deport border crossers to Mexico without a chance to request asylum.
  • Despite the emergency rule, border agents have for weeks released a limited number of families into communities in South Texas because of a change in Mexican law that has been the subject of internal discussions between Mexican and American government officials in recent weeks, according to a senior administration official.
  • At the same time, pandemic restrictions remain in place on nonessential travelers who have long stimulated the local economy along the border, he said.
yehbru

Covid relief bill: Biden's stimulus package is huge, ambitious and about to pass - CNNP... - 0 views

  • President Joe Biden plans to use the $1.9 trillion Covid-19 relief bill expected to pass Congress on Wednesday as a platform for a generational transformation of the economy to benefit the least well-off Americans and alleviate poverty.
  • according to a CNN poll released Tuesday, the relief bill is broadly popular, and Biden's approval rating tilts positive around 50 days after he took the oath of office.
  • With its tax credits for children and low-income workers, an extension of health insurance subsidies and nutrition and rental assistance, the American Rescue Plan is intended to do far more than simply stimulate the economy.
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  • Early successes are crucial for presidents, since they must harness their power when it is at its apex early in their terms. Political muscle is built for later legislative fights by enacting priorities and uniting party factions behind a common cause. Presidents who struggle to get early priorities passed are not necessarily doomed. But they risk creating an impression of disarray that can hurt them in their first midterm elections, as was the case with President Bill Clinton's collapsed effort to overhaul American health care.
  • And progressives who were dismayed by the removal of a hike in the federal minimum wage to $15 an hour elected to bank their gains, staying behind the effort and vowing to fight another day.
  • The President judged the $600 billion cost of an alternative package offered by 10 GOP senators as insufficient for the scale of the crisis. In votes so far in the House and the Senate, the bill has not attracted a single Republican supporter as Biden's opponents stake out early positions for the midterm elections on the basis of a pro-Trump base of activists who are keen to deny the new President an early victory.
  • Various polls show that more than 60% of the public supports it, which means some Republican and independent voters are on board.
  • Some economists, meanwhile, fear that it could trigger an inflationary spike in an economy that already appears to be in recovery and could overheat if there is a swift exit from the pandemic.
  • "It's a real tragedy when you look at that package. We know that the result of that package is going to be middle-class tax increases," the Wyoming Republican said.
  • The bill is sure to be a fulcrum of the Democratic midterm election campaign next year.
  • But if the current pace of vaccinations is maintained and the end game of the pandemic is not derailed by a wave of sickness and death caused by Covid-19 variants, Biden can expect a much faster and more robust economic rebound.
  • The bill is almost the inverse of Trump's sole major legislative triumph outside of a conservative refashioning of the judiciary: a massive tax cut that cost $1.5 trillion and was targeted mostly at corporations and more well-off Americans.
  • His initial $1.9 trillion request, not far off half the entire US annual federal budget, is playing into Republican claims that his administration will be rooted in out-of-control socialism.
  • The partisan nature of the votes on Biden's recovery package also has some Democrats pondering whether to seek to abolish filibuster rules that mean most major legislation needs a 60-vote majority to pass. The $1.9 trillion behemoth was advanced using a process known as reconciliation, which applies only to budget issues and can be used only sparingly.
  • But it seems equally certain that Democratic priorities like voting rights will die in a 50-50 Senate.
kaylynfreeman

China's Three-Child Policy Sparks Indignation and Concern - The New York Times - 0 views

  • After China said it would allow couples to have three children, the state news media trumpeted the move as a major change that would help stimulate growth. But across much of the country, the announcement was met with indignation.
  • For many ordinary Chinese, the news about the policy change on Monday was only a reminder of a problem they’d long recognized: the drastic inadequacy of China’s social safety net and legal protections that would enable them to have more children.
  • “I recommend you first fix the most basic problems with maternity rights and the discrimination women will inevitably face in the workplace, and then encourage them to have children,” read the most popular comment under an article about the policy change by Xinhua, the state news agency.
ethanshilling

Amid Historic Drought, a New Water War in the West - The New York Times - 0 views

  • Through the marshlands along the Oregon-California border, the federal government a century ago carved a whole new landscape, draining lakes and channeling rivers to build a farming economy that now supplies alfalfa for dairy cows and potatoes for Frito-Lay chips.
  • this year’s historic drought has heightened the stakes, with salmon dying en masse and Oregon’s largest lake draining below critical thresholds for managing fish survival.
  • The brewing battle over the century-old Klamath Project is an early window into the water shortfalls that are likely to spread across the West as a widespread drought, associated with a warming climate, parches watersheds throughout the region.
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  • In Nevada, water levels have dropped so drastically in Lake Mead that officials are preparing for a serious shortage that could prompt major reductions in Colorado River water deliveries next year. In California, Gov. Gavin Newsom has placed 41 counties under a state of emergency.
  • Here in Oregon, conservationists, Native American tribes, government agencies and irrigators are squaring off, and local leaders fear that generations of tensions could escalate in volatile new ways.
  • During a drought in 2001, the federal Bureau of Reclamation initially planned for the first time to fully cut off water for farmers over the summer. That order spurred an uprising of farmers and ranchers who used saws, torches and crowbars to breach the facilities and open the canal head gates.
  • Ammon Bundy, who led an armed takeover of an Oregon wildlife refuge in 2016, said he was ready to bring in allies to help keep the gates open, saying that people need to be prepared to use force to protect their rights even if law enforcement arrives to stop them.
  • The region has a deep history rooted in violence and racial division. In 1846, U.S. War Department surveyors, led by John C. Frémont and Kit Carson, slaughtered more than a dozen Native Americans on the shores of Klamath Lake.
  • For the United States, the Klamath Project became a keystone for settling and developing the region. Homestead opportunities for veterans after the two world wars helped to stimulate the economy and to build a new kind of community.
  • Some landowners have openly talked about breaching the fence surrounding the dam property and forcing open the irrigation gates. Already, they have purchased property adjacent to the head gates and staged protests there.
  • “These are not things that are going to get better if climate change continues to give us more uncertainty and less reliable supplies of water,” said William Jaeger, an economics professor at Oregon State University who specializes in environmental, resource and agricultural policy issues.
  • Lake levels fell below the minimum thresholds set by federal scientists, prompting litigation and spurring fears that algae blooms this summer could devastate the imperiled fish populations above the dam
  • Farmers generally have been split on how aggressively to push back against this year’s water shut-off. Ms. Hill said she disliked the idea of forcing open the gates, saying that option would do little to help. Other farmers have also called for ratcheting back the threats.
  • But on Friday night, about 100 people gathered under a large tent next to the head gates on property bought recently by two farmers, Dan Nielsen and Grant Knoll, who say they have a legal entitlement to the water behind the gates in Upper Klamath Lake under state water law.
  • Facing a similar standoff two decades ago, in 2001, the federal government relented with a limited delivery of water to farmers, but there was no sign that agencies, facing an already depleted lake, would budge this time.
aleija

Biden and the Fed Leave 1970s Inflation Fears Behind - The New York Times - 0 views

  • WASHINGTON — Presidents who find themselves digging out of recessions have long heeded the warnings of inflation-obsessed economists, who fear that acting aggressively to stimulate a struggling economy will bring a return of the monstrous price increases that plagued the nation in the 1970s.
  • After years of dire inflation predictions that failed to pan out, the people who run fiscal and monetary policy in Washington have decided the risk of “overheating” the economy is much lower than the risk of failing to heat it up enough.
  • “But we face a huge economic challenge here and tremendous suffering in the country. We have got to address that. That’s the biggest risk.”
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  • “That’s really not going to mean very much,” Mr. Powell said, noting that inflation has trended lower for decades. “Inflation dynamics will evolve, but it’s hard to make the case why they would evolve very suddenly, in this current situation.”
cartergramiak

Opinion | Let's Cut Our Ridiculous Defense Budget - The New York Times - 0 views

  • President Biden loves spending money. Last month, he signed the $1.9 trillion American Rescue Plan to stimulate the economy. Now he’s pushing the $2 trillion American Jobs Plan to rebuild the nation’s infrastructure. He vows to follow that with the American Families Plan to improve health care, child care and education, which could cost billions or trillions more.
  • The more money Mr. Biden tries to spend, the more loudly critics ask where he’s getting it. He borrowed the funds for the stimulus. He wants corporations to pay for the infrastructure plan. With every legislative battle, finding the money grows harder. All of which raises a question: Will Mr. Biden try to cut defense?
  • It’s not as if there aren’t places to cut. In 2016, Bob Woodward and Craig Whitlock of The Washington Post disclosed that, according to an internal study, the Defense Department could save $125 billion over five years simply by trimming its distended bureaucracy. The department, the study found, employed close to 200,000 people in property management alone. After a summary of the report became public, Mr. Woodward and Mr. Whitlock noted, the Pentagon “imposed secrecy restrictions on the data making up the study, which ensured no one could replicate the findings.” It remains the only federal agency that has never passed an audit.
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  • China, however, spends less than one-third as much on defense as the United States does and has fewer than one-tenth as many nuclear weapons. China’s military could indeed be a match for the United States in conflicts near China’s shores, but globally, China poses a far greater economic challenge. To meet it, the United States must invest enormously in education and emerging technologies — the very investments that military spending will sooner or later crowd out. The two superpowers also compete ideologically, and the United States gravely undermines the appeal of its democratic system when, amid a pandemic, the dictatorship in China proves better able to keep its citizens alive.
  • None of this means that Mr. Biden and his advisers aren’t doing what they believe is best for the country. But their beliefs about what’s best for the country have evolved in a Beltway ecosystem in which the military-industrial complex wields enormous power.
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