Skip to main content

Home/ History Readings/ Group items tagged venture

Rss Feed Group items tagged

17More

China's Approach to the Middle East Looks Familiar | The Diplomat - 0 views

  • China had typically offered infrastructure-for-energy and other business deals.
  • “There is hope in the East,” one Arab businesswoman in the United Arabian Emirates told me.
  • Some things about the American model of foreign affairs are beginning to seem inevitable.
  • ...14 more annotations...
  • Chalk it up to Beijing’s shifting global agenda or a diplomatic coming-of-age.
  • At a lackluster late-October forum on energy cooperation in Beijing this year, trade officials said Arab counterparts had to “restructure their economies,”
  • one of Saudi Arabia’s chief competitors in the race to quench China’s thirst for energy.
  • The tables had turned and Saudi Arabia now seems more eager to pursue the relationship.
  • Arab politicos and intellectuals have long decried a precarious U.S
  • The implications are clear: China has long represented an alternative in the global market for influence once dominated by Washington;
  • , UAE enterprise Dubai Ports World pulled out of a plan to manage six U.S. ports after U.S. legislators attacked the deal as a potential security risk.
  • China surpassed the United States as the Middle East’s largest export market and also as the largest importer of Middle Eastern oil.
  • In the meantime, China built a flurry of projects designed to show its embrace of the Arab world.
  • the longest highway in the entire continent of Africa. Corruption allegations over the highway are ongoing.
  • The reasons are manifold. An absence of venture capital and innovation in Arab economic planning are among the reasons why the infrastructure didn’t revolutionize the Middle East/North Africa region.
  • Beijing appears to have abandoned its principles of noninterference on the way to the top.
  • the Middle East and North Africa enjoyed a marketplace with options.
  • But as China ascends, the promise of a rising Eastern power is no more. As far as Arabs are concerned, Beijing has done little but reinvent the U.S. model of global dominance.
19More

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).
  • ...16 more annotations...
  • 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.
  • 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.
  • More recently, however, reforms of the social security system have involved moving the responsibility for pensions and other welfare to the provinces.
  • 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.
5More

An Immigrant Family Caught Up in a Distinctly American Tragedy: The Boulder Shooting - ... - 0 views

  • After years of moving from rental to rental, they bought a seven-bedroom gabled home in the Denver suburbs near golf courses and walking trails. Their children attended high-rated schools. The family ran a handful of Middle Eastern restaurants across the Denver area where customers raved about the lamb kebabs and the pillowy pitas. Friends recalled the big, multigenerational family as hard-working and generous.
  • On a now-deactivated Facebook page, Mr. Alissa said he had moved to the United States in 2002, years before a vicious civil war turned millions of Syrians into refugees. The Syrian cities that some in his family name as their hometowns — Aleppo and Raqqa — became bombed-out battlegrounds and a haven for the Islamic State as Mr. Alissa and his siblings were growing up and starting businesses in the United States.
  • Records show that at various times, the Alissa brothers also ventured into a car-service business and — at one point — junk removal. A brother-in-law, Usame Almusa, a recent immigrant from Syria, filed corporate papers to form yet another restaurant business. The family moved at least three times over the past two decades, from the largely middle-class city of Aurora to an apartment in Denver to a rental in Arvada, where a former neighbor remembers family members sometimes stopping by to ask questions about the suburban chores of lawns and weeding.
  • ...2 more annotations...
  • In 2014, Ahmad’s older brother Imad pleaded guilty in Denver to carrying a concealed weapon, records show. He was arrested again four years later on a charge of possession of a weapon by a previous offender, though prosecutors did not pursue charges.In 2016, a female member of the family pleaded guilty to a charge of reckless endangerment and was given a deferred sentence after she agreed to take a parenting class.In 2018, the Arvada police responded to a call at the house that stemmed from a dispute between Imad Alissa and his wife, Ms. Archuleta’s daughter. The couple had broken up (they later reconciled, Ms. Archuleta said), and a fight over a torn mattress had escalated to the point that the police were called.
  • Six days before the attack, Mr. Alissa bought a Ruger AR-556 pistol, a handgun that resembles a shortened assault-style rifle, from a gun store just three miles from the family home. About two days before the attack, a relative saw him back at the family home, playing with what she told the police looked like a “machine gun.”After the attack, the Mercedes C-class sedan that was often seen parked in the driveway of the large family house was one of the cars left in the parking lot at the King Soopers grocery, along with all of the other cars whose owners would not be driving them home. An empty rifle case was left in the passenger compartment.
6More

Opinion | Who's Next in Your State's Vaccine Line? - The New York Times - 0 views

  • On Dec. 20, an expert panel at the Centers for Disease Control and Prevention released guidelines on how to approach the next phase of vaccinations, after the initial rollout to health care workers and nursing homes. The panel recommended vaccinating the very oldest adults and frontline essential workers next, followed by a larger group of older, vulnerable people and other essential workers as supply expanded.
  • As a result, certain essential frontline workers like grocery store clerks will soon be getting the vaccine in some states and not in others.
  • States were forced to make difficult decisions about health risks in the face of pressures that deemed some groups with power more important than others.
  • ...3 more annotations...
  • Consider teachers. Vaccinating them next would help schools reopen sooner. But in states where schools have already reopened, like Rhode Island, teachers were not originally prioritized. Even among states that placed teachers earlier in the vaccine line, there’s a wide gap in how they’re prioritized.
  • Today, each state has its own plan for whom to prioritize and when. Few resemble the C.D.C.’s guidelines, raising questions about who comes first, who comes last and why. Times Opinion, working with Surgo Ventures and Ariadne Labs, took a close look at who states are prioritizing and how that has warped the vaccination lines expected before the vaccine’s rollout.
  • There’s a lingering tension in many states between public officials who want to reopen schools and teachers’ unions that want the vaccine before teachers return to classrooms. Fourteen states rejected prioritizing teachers as early as the C.D.C. recommended.
19More

Why We're Freaking Out About Substack - The New York Times - 0 views

  • he new media economy promises both to make some writers rich and to turn others into the content-creation equivalent of Uber drivers, even as journalists turn increasingly to labor unions to level out pay scales.
  • This new direct-to-consumer media also means that battles over the boundaries of acceptable views and the ensuing arguments about “cancel culture” — for instance, in New York Magazine’s firing of Andrew Sullivan — are no longer the kind of devastating career blows they once were.
  • Though Substack paid advances to a few dozen writers, most are simply making money from readers. That includes most of the top figures on the platform, who make seven-figure sums from more than 10,000 paying subscribers — among them Mr. Sullivan, the liberal historian Heather Cox Richardson, and the confrontational libertarian Glenn Greenwald.
  • ...16 more annotations...
  • This new ability of individuals to make a living directly from their audiences isn’t just transforming journalism. It’s also been the case for adult performers on OnlyFans, musicians on Patreon, B-list celebrities on Cameo. In Hollywood, too, power has migrated toward talent, whether it’s marquee showrunners or actors. This power shift is a major headache for big institutions, from The New York Times to record labels.
  • Substack’s thesis is, in part, that media companies underpay their most prominent writers. So far, that seems to be bearing out.
  • many of the writers who took advances now regret doing so: They would have made more money by simply collecting subscription revenue, and paying Substack 10 percent, than making the more complex deals with money up front.
  • The former Vox writer Matthew Yglesias calculated that taking the advance wound up costing him nearly $400,000 in subscription revenue paid to Substack
  • One of the writers who left Substack over transgender issues, Jude Doyle, argued that its system of advances amounted to a kind of editorial policy. But the analogy to a media company isn’t clear.
  • Grace Lavery said she wanted Substack to be more aggressive about stopping harassment, but said she didn’t think threats to boycott the email service over writers she disagrees with made political sense.
  • “Boycotting Substack because of Jesse Singal would be like boycotting a paper company” over a writer who has books printed on their paper, she said.
  • The real threat is competing platforms with a different model. The most technically powerful of those is probably Ghost, which allows writers to send and charge for newsletters, with monthly fees starting at $9.
  • While Substack is backed by the venture capital firm Andreessen Horowitz, Ghost has Wikipedia vibes: It is open-source software developed by a nonprofit.
  • it’s easy to leave. Unlike on Facebook or Twitter, Substack writers can simply take their email lists and direct connections to their readers with them.
  • Ghost represents an even purer departure from legacy media. More than half of the sites on the platform simply run the software off their own servers.
  • Mr. Sullivan, who said he saw Substack as his tech platform, not his publisher, has begun deliberately promoting smaller writers in an “In the Stacks” section and said he was interested in figuring out how to bundle subscriptions.
  • This week, eight writers who cover tech, media and culture — Mr. Warzel, Mr. Newton, Anne Helen Petersen, Nick Quah, Eric Newcomer, Delia Cai, Ryan Broderick and Kim Zetter — are starting a “virtual newsroom” called Sidechannel on Discord, a platform for text and voice conversations
  • “We’re coming out of this era where platforms own people, and moving into this era where people own platforms,” he said. “We have to prove to the writers we’re delivering enough value to them to keep them happy and help them succeed.”
  • my informal survey of Substack writers found that most are fond of the company and plan to stick around for now — but not out of the sense of loyalty, shared mission or deep identification that used to run through media companies.
  • “Taking V.C. money does not create in me a sense of obligation,”
16More

How the G.O.P. Lost Its Clear Voice on Foreign Policy - The New York Times - 0 views

  • For decades, Senator Lindsey Graham traveled the world with his friend John McCain, visiting war zones and meeting with foreign allies and adversaries, before returning home to promote the Republican gospel of an internationalist, hawkish foreign policy.
  • “I miss John McCain a lot but probably no more than today,” Mr. Graham said. “If John were with us, I’d be speaking second.”
  • Mr. McCain, the onetime prisoner of war in Vietnam, in many ways embodied a distinctive Republican worldview: a commitment to internationalism — and confrontation when necessary — that stemmed from the Cold War and endured through the presidencies of Ronald Reagan and George H.W. Bush before evolving after the Sept. 11 attacks to account for the threat of global terrorism.
  • ...13 more annotations...
  • And for ambitious Republican officials, the political calculation remains stark: To the extent that Republican voters care at all about foreign policy issues, many have come to embrace Mr. Trump’s nationalistic views on issues like trade, overseas military ventures and even Russia.
  • Mr. Graham, who made an unsuccessful run for president and was always overshadowed by Mr. McCain as a Republican voice on foreign policy, spoke for more than half an hour at a news conference on Wednesday, walking listeners through a history of the Afghan conflict.
  • Mitch McConnell, the Senate minority leader, warned that pulling out the troops would be a “grave mistake.”
  • “Apparently, we’re to help our adversaries ring in the anniversary of the 9/11 attacks by gift-wrapping the country and handing it right back to them,” he said in a speech on the Senate floor.
  • “We don’t want to engage in nation building, we don’t want to engage in endless police actions,” said John McLaughlin, who also conducted polling for Mr. Trump.
  • And Senator Josh Hawley of Missouri, who has ambitions of developing a new policy framework for the party, praised the decision.
  • “To say that there is a single Republican foreign policy position is to miss what’s been happening within the conservative movement on these issue for the last 20 years,” said Lanhee Chen, a Hoover Institution scholar and policy adviser to a number of prominent Republican officials.
  • Foreign policy, particularly withdrawing from Afghanistan, was one of the few areas where Republican elected officials were willing to publicly criticize Mr. Trump.
  • Yet chances that Republicans will achieve a complete restoration of the traditional party platform seem low, particularly if Mr. Trump continues to flex his political power among his base.
  • When asked about the effects of the coronavirus pandemic, 58 percent of Republicans surveyed said the outbreak showed the United States should be less reliant on other countries, compared with just 18 percent of Democrats who said the same.
  • For Republicans, the shift inward comes as their long dominance over issues of national security and international affairs is waning. Mr. Trump rejected Republican foreign policy orthodoxy but largely struggled to articulate a cohesive countervailing view beyond a vague notion of putting America first.
  • Mr. Pompeo, who recently became the co-chairman of a new foreign policy group at the Nixon Foundation that aims to reassert “conservative realism,” said he supported Mr. Biden’s decision.
  • Of course, as the Fox News hosts pointed out, had Mr. Trump won re-election, the troops would have been coming home next month — with the full support of Mr. Pompeo, if not many other Republican leaders.
8More

United Airlines Wants to Bring Back Supersonic Air Travel - The New York Times - 0 views

  • The era of supersonic commercial flights came to an end when the Concorde completed its last trip between New York and London in 2003, but the allure of ultrafast air
  • travel never quite died out.
  • Boom, which has raised $270 million from venture capital firms and other investors, said it planned to introduce aircraft in 2025 and start flight tests in 2026. It expects the plane, which it calls the Overture, to carry passengers before the end of the decade.
  • ...5 more annotations...
  • The deal is United’s latest attempt to position itself as a risk taker shaking up an industry that is just getting back on its feet after a devastating pandemic. The airline announced a $20 million investment in an electric air taxi start-up, Archer, in February, and it is working on a “steady drumbeat” of more such bets, said Michael Leskinen, who heads corporate development at United.
  • What is not clear is whether Boom has solved the problems that forced British Airways and Air France to stop using the Concorde on trans-Atlantic flights — high costs, safety concerns and flagging demand.
  • Boom, which is working with Rolls-Royce, the British jet engine maker, said its plane would be more efficient than the Concorde; United estimates it will be 75 percent more efficient.
  • Mr. Scholl said the engines on Boom’s planes would rely entirely on sustainable aviation fuel, which can be made from waste, plants and other organic matter. Experts say such fuel could reduce emissions, but its supply is limited, it is expensive and its use does not eliminate greenhouse gas emissions.
  • But corporate and international travel is expected to rebound slowly from the pandemic, and some experts say it might not recover fully for years because companies have realized that they can be effective without as many in-person meetings.
7More

Here Are America's Top Methane Emitters. Some Will Surprise You. - The New York Times - 0 views

  • As the world’s oil and gas giants face increasing pressure to reduce their fossil fuel emissions, small, privately held drilling companies are becoming the country’s biggest emitters of greenhouse gases, often by buying up the industry’s high-polluting assets.According to a new analysis of the latest emissions data disclosed to the Environmental Protection Agency, five of the industry’s top ten emitters of methane, a particularly potent planet-warming gas, are little-known oil and gas producers, some backed by obscure investment firms, whose environmental footprints are wildly large relative to their production.
  • Nick Piatek, a spokesman for Hilcorp, said the company “spends substantial capital retrofitting and refurbishing aging equipment” at its newly-acquired sites and that its investments would eventually bring down emissions while extending the life of those assets. “We inherit those emissions,” he said.The analysis, carried out by the energy consultancy M.J. Bradley & Associates using data that companies are required to submit to the E.P.A. Greenhouse Gas Reporting Program, highlights the climate consequences of methane.
  • The analysis also comes with significant caveats. The E.P.A. data, from 2019, includes emissions from drilling and fracking sites, but excludes emissions from offshore drilling, as well as some parts of the oil and gas supply chain like pipelines or processing plants.
  • ...4 more annotations...
  • An E.P.A. spokeswoman, Enesta Jones, said the agency was “always working to improve and build on” ways to track emissions.The new analysis also shows how, as oil and gas giants start a long-awaited shift away from fossil fuels, they are shedding some of their most polluting assets to companies that provide almost no transparency into their operations.
  • According to the new analysis, Hilcorp, which has grown by buying up decades-old oil and gas assets, has the highest methane emissions in the country, despite being the 13th-largest gas producer. Hilcorp’s methane emissions intensity, or leak rate, was almost six times higher than the average of the top 30 producers, largely caused by high emissions from its aging San Juan operations.
  • Firms like Terra aimed to make quick money by buying up oil and gas production sites, ramping up production and selling them off for a neat profit. But these ventures have struggled as a production glut caused natural gas prices to slump. The Covid-19 pandemic threw the industry into further disarray.
  • To be sure, the large producers remain huge emitters. For greenhouse gas emissions overall, Exxon Mobil reported the industry’s highest numbers in 2019, a record that is expected to become a top priority as the company contends with three climate-focused directors recently elected to its board by shareholders increasingly wary of its exposure to climate risks. Many of the oil and gas giants have joined voluntary, industrywide initiatives to reduce emissio
6More

Afghans Seek a Return to Their 'Decade of Democracy' - 0 views

  • While U.S. troops and NATO allies prepare for their withdrawal, many older Afghans are invoking a brief shining moment—call it their “Camelot” moment—when Afghanistan almost became a modern democracy on its own, without any help or interference from the United States or other major powers. 
  • then-King Mohammed Zahir Shah launched a democratic project, drawing up a radical new constitution that granted his people freedom of thought, expression, and assembly while limiting the powers of his royal family.
  • The “decade of democracy” ended in 1973 when Mohammed Daoud Khan, the king’s cousin, staged a peaceful coup and became the new republic’s first president. 
  • ...3 more annotations...
  • Shah’s democratic experiment ended abruptly, but the policies of his cousin and the PDPA’s bloody coup ultimately destroyed it, and Afghanistan once again became a plaything for superpowers—in particular, the Soviet Union. In December 1979, the Red Army entered Afghanistan to end the PDPA’s internal disputes once and for all.
  • At the same time, the country’s leadership—in particular, the king himself—walked freely among his subjects, often alone and without a security detail—something unimaginable now when even minor dignitaries and their children can’t venture out without their pick-up convoys and Kalashnikovs.
  • He resolved through diplomatic means disputes over water rights with Iran, widened the scope of political participation with different members of society while also pushing forth an increasingly religious ethos in his government. It was during his time in office that the adhan, the Muslim call for prayer, usually blared out of the country’s thousands of mosques, was aired for the first time on the national radio.
4More

A Home Away From the Virus, However You Can Find It - The New York Times - 0 views

  • Last June, as Americans began to emerge from lockdowns and into a new, uncertain stage of the pandemic, Amy Ryan and her family set sail in a 44-foot-long catamaran and headed up the Atlantic coast. They haven’t stopped sailing since.Ms. Ryan’s husband, Casey Ryan, 56, was on a partially paid leave from his job as an airline pilot, based out of Denver. School was remote for their daughters, now 7 and 11. Ms. Ryan, a real estate agent, could manage her team from anywhere. And they could rent out their house in Evergreen, Colo., on Airbnb. The family saw a window open, and they leapt through it.
  • For many of us, the past 12 months have been lived in a state of suspended animation, with dreams and plans deferred until further notice as we worry about venturing out for even basic excursions. But some people, like the Ryans, took the restrictions — virtual school and remote work — as an opportunity to pick up and go somewhere else. With a good internet connection, a Zoom conference call can happen just as easily on a boat or in the back of a camper as it can in a living room.
  • n March 12, the Transportation Security Administration screened 1.35 million people, the most passengers on any day since March 15, 2020 — still well below 2019 numbers, but a sign that more Americans are traveling again. Nearly half of Americans say that a desire to travel has played a role in their willingness to get vaccinated, according to a February survey by The Points Guy.But the survey also found that 56 percent of Americans haven’t traveled at all during the pandemic. Public health officials have voiced a growing concern that spring-break travel could lead to another surge in Covid-19 cases and increase the spread of troubling variants.
  • ...1 more annotation...
  • Other travelers set off because they simply hit a wall. There’s nothing like being stuck at home to make you realize you would rather be anywhere else. In Facebook groups like Travel off Path Community and Worldschoolers, members trade advice on how to cross borders, how to handle local quarantine rules, where to find Covid-19 tests abroad and how to home-school on the road. Lonely travelers use the groups, with thousands of members, to meet up with other people overseas.
4More

Ancient human migration into Europe revealed via genome analysis | Anthropology | The G... - 0 views

  • Genetic sequencing found the remains came from individuals who were more closely linked to present-day populations in east Asia and the Americas than populations in Europe.
  • All the “Bacho Kiro cave individuals have Neanderthal ancestors five-seven generations before they lived, suggesting that the admixture [mixing] between these first humans in Europe and Neanderthals was common,” said Hajdinjak.
  • Previous evidence for early human-Neanderthal mixing in Europe came from a single individual called the Oase 1, dating back 40,000 years and found in Romania.
  • ...1 more annotation...
  • “We do not know who the first Europeans were that ventured into an unknown land,” he said.“By analysing their genomes, we are figuring out a part of our own history that has been lost in time.”
12More

In Washington Riot, Echoes of Post-Soviet Uprisings - The New York Times - 0 views

  • For anyone who has covered political turmoil across the wreckage of the former Soviet Union over the past three decades, the mob that stormed the Capitol in Washington on Wednesday looked shockingly familiar, down to the dress code and embrace of banners trumpeting seemingly lost causes.
  • In fervor and style, the mob resembled the ragtag bands that seized control of the Parliament building in Moscow in 1993, clamoring for the revival of the Soviet Union.
  • Ersatz military gear — camouflage jackets, old boots, black wool hats and bandannas — were much in evidence back then, as were the flags of long-dead and, we all assumed, safely buried causes.
  • ...9 more annotations...
  • In Donetsk, these included not just the Red Flag of the defunct Soviet Union and the black-yellow-white tricolor of the long-gone Tsarist empire, but at times also the emblem of an even more distant, failed venture, the Confederate States of America.
  • But what was most familiar about the insurrectionists in Washington on Wednesday was their certitude, an unbending conviction that, no matter what anyone else or the law might say, right was on their side.
  • “Victory is ours. All we need is courage,” shouted a self-declared commander of the “army of patriots” who, in the fall of 1993, helped take control of the White House that at the time housed the Russian legislature on the banks of the Moscow River.
  • When insurrections began in Moscow in 1993, and then in eastern Ukraine in 2014, failure looked inevitable. The leaders, along with their followers, seemed deranged, intoxicated by nostalgia, wild conspiracy theories and fantasies about the depth of their public support.
  • A barrage of propaganda on Russian television, the main source of news for much of the population, spread fear and anger, embedding a conviction that anti-Russian protesters in the distant Ukrainian capital, Kyiv, would soon descend on Donetsk with guns and knives to wreak havoc.
  • The war that followed has now dragged on for six years, killing more than 13,000 people, nearly all civilians. People who wanted nothing to do with the “Donetsk People’s Republic,” who, according to opinion polls carried out shortly before its declaration, constituted a large majority, have mostly left the “republic” that no other country, including even Russia, recognizes.
  • But the winners squandered the victory, unleashing a wave of crooked privatizations and staging a deeply flawed presidential election in 1996 that kept an infirm and increasingly erratic Mr. Yeltsin in the Kremlin for a second term. When that was nearly done, he handed over power to Vladimir V. Putin.
  • A former KGB officer who believed in order above all else, Mr. Putin had no time for insurrection but he embraced the revanchist cause, reviving Russia’s ambitions as a global power, the reach of the security services, the music of the Soviet national anthem, Soviet-era emblems for the military and patriotism as a cudgel against his critics.
  • Commenting on the tumult in Washington, Konstantin Kosachev, the head of the Foreign Affairs Committee of Russia’s upper house and a Putin loyalist, scoffed at American democracy as “limping on both feet.”
26More

Stimulus package: Here's what's in Biden's $1.9 trillion economic rescue plan - CNNPoli... - 0 views

  • Bigger stimulus checks. More aid for the unemployed, the hungry and those facing eviction. Additional support for small businesses, states and local governments. Increased funding for vaccinations and testing.
  • The new payments would go to adult dependents that were left out of the earlier rounds, like some children over the age of 17.
  • Billed as the American Rescue Plan, the package augments many of the measures in Congress' historic $3 trillion coronavirus relief bill from March and in the $900 billion legislation from December,
  • ...23 more annotations...
  • Biden is pushing for the big steps he says are needed to address immediate needs and control the coronavirus pandemic. He also plans to lay out an economic recovery plan in coming weeks that aims to create jobs and combat the climate crisis, among other measures.
  • The plan calls for sending another $1,400 per person to eligible recipients. This money would be in addition to the $600 payments that were approved by Congress in December and sent out earlier this month -- for a total of $2,000
  • nother $5 billion would be set aside to help struggling renters to pay their utility bills.
  • Biden would increase the federal boost the jobless receive to $400 a week, from the $300 weekly enhancement contained in Congress' relief package from December.
  • He would also extend the payments, along with two key pandemic unemployment programs, through September. This applies to those in the Pandemic Emergency Unemployment Compensation program who have exhausted their regular state jobless payments and in the Pandemic Unemployment Assistance program, which provides benefits to the self-employed, independent contractors, gig workers and certain people affected by the pandemic.
  • These are key parts of a $1.9 trillion proposal that President-elect Joe Biden unveiled Thursday evening.
  • The plan would provide $25 billion in rental assistance for low- and moderate-income households who have lost jobs during the pandemic. That's in addition to the $25 billion lawmakers provided in December.
  • Biden would extend the 15% increase in food stamp benefits through September, instead of having it expire in June.
  • The plan calls on Congress to create a $25 billion emergency fund and add $15 billion to an existing grant program to help child care providers, including family child care homes, to pay for rent, utilities, and payroll, and increased costs associated with the pandemic like personal protective equipment.
  • Biden wants to boost the Child Tax Credit to $3,600 for children under age 6 and $3,000 for those between ages 6 and 17 for a year.
  • Also, he wants Congress to provide $4 billion for mental health and substance use disorder services and $20 billion to meet the health care needs of veterans.
  • It also proposes making a $35 billion investment in some state, local, tribal, and non-profit financing programs that make low-interest loans and provide venture capital to entrepreneurs
  • Under Biden's proposal, people who are sick or quarantining, or caring for a child whose school is closed, will receive 14 weeks of paid leave. The government will reimburse employers with fewer than 500 workers for the full cost of providing the leave.
  • he plan calls for providing $15 billion to create a new grant program for small business owners, separate from the existing Paycheck Protection Program.
  • He wants to increase and expand the Affordable Care Act's premium subsidies so that enrollees don't have to pay more than 8.5% of their income for coverage -- which is also one of his campaign promises. (The law is facing a challenge from Republican-led states that is currently before the Supreme Court.)
  • Biden wants to send $350 billion to state, local and territorial governments to keep their frontline workers employed, distribute the vaccine, increase testing, reopen schools and maintain vital services.
  • Additional assistance to states has been among the most controversial elements of the congressional rescue packages, with Democrats looking to add to the $150 billion in the March legislation and Republicans resisting such efforts. The December package ultimately dropped an initial call to include $160 billion.
  • Biden's plan would also give $20 billion to the hardest-hit public transit agencies to help avert layoffs and the cutting of routes.
  • The plan would provide an additional $170 billion to K-12 schools, colleges and universities to help them reopen and operate safely or to facilitate remote learning.
  • It would also fund the hiring of 100,000 public health workers, nearly tripling the community health workforce.
  • The proposal would also invest $50 billion in testing, providing funds to purchase rapid tests, expand lab capacity and help schools implement regular testing to support reopening.
  • The plan calls for investing $20 billion in a national vaccination program, including launching community vaccination centers around the country and mobile units in hard-to-reach areas
  • Biden is calling on Congress to raise the minimum wage to $15 an hour, and to end the tipped minimum wage and the sub-minimum wage for people with disabilities.
12More

Being rich wrecks your soul. We used to know that. - The Washington Post - 0 views

  • We used to think that having vast sums of money was bad and in particular bad for you — that it harmed your character, warping your behavior and corrupting your soul. We thought the rich were different, and different for the worse.
  • Today, however, we seem less confident of this. We seem to view wealth as simply good or neutral, and chalk up the failures of individual wealthy people to their own personal flaws, not their riches.
  • The idea that wealth is morally perilous has an impressive philosophical and religious pedigree. Ancient Stoic philosophers railed against greed and luxury, and Roman historians such as Tacitus lay many of the empire’s struggles at the feet of imperial avarice. Confucius lived an austere life. The Buddha famously left his opulent palace behind. And Jesus didn’t exactly go easy on the rich, either — think camels and needles, for starters
  • ...9 more annotations...
  • The point is not necessarily that wealth is intrinsically and everywhere evil, but that it is dangerous — that it should be eyed with caution and suspicion, and definitely not pursued as an end in itself; that great riches pose great risks to their owners; and that societies are right to stigmatize the storing up of untold wealt
  • Over the past few years, a pile of studies from the behavioral sciences has appeared, and they all say, more or less, “Being rich is really bad for you.” Wealth, it turns out, leads to behavioral and psychological maladies. The rich act and think in misdirected ways.
  • When it comes to a broad range of vices, the rich outperform everybody else. They are much more likely than the rest of humanity to shoplift and cheat , for example, and they are more apt to be adulterers and to drink a great deal. They are even more likely to take candy that is meant for children.
  • The rich are the worst tax evaders, and, as The Washington Post has detailed, they are hiding vast sums from public scrutiny in secret overseas bank accounts.
  • They also give proportionally less to charity — not surprising, since they exhibit significantly less compassion and empathy toward suffering people.
  • Studies also find that members of the upper class are worse than ordinary folks at “reading” people’ s emotions and are far more likely to be disengaged from the people with whom they are interacting — instead absorbed in doodling, checking their phones or what have you. Some studies go even further, suggesting that rich people, especially stockbrokers and their ilk (such as venture capitalists, whom we once called “robber barons”), are more competitive, impulsive and reckless than medically diagnosed psychopaths.
  • Some studies go so far as to suggest that simply being around great material wealth makes people less willing to share. That’s right: Vast sums of money poison not only those who possess them but even those who are merely around them. This helps explain why the nasty ethos of Wall Street has percolated down, including to our politics (though we really didn’t need much help there).
  • Certain conservative institutions, enjoying the backing of billionaires such as the Koch brothers, have thrown a ton of money at pseudo-academics and “thought leaders” to normalize and legitimate obscene piles of lucre
  • They produced arguments that suggest that high salaries naturally flowed from extreme talent and merit, thus baptizing wealth as simply some excellent people’s wholly legitimate rewards. These arguments were happily regurgitated by conservative media figures and politicians, eventually seeping into the broader public and replacing the folk wisdom of yore.
40More

The Secretive Company That Might End Privacy as We Know It - The New York Times - 0 views

  • Tech companies capable of releasing such a tool have refrained from doing so; in 2011, Google’s chairman at the time said it was the one technology the company had held back because it could be used “in a very bad way.” Some large cities, including San Francisco, have barred police from using facial recognition technology.
  • without public scrutiny, more than 600 law enforcement agencies have started using Clearview in the past year
  • The computer code underlying its app, analyzed by The New York Times, includes programming language to pair it with augmented-reality glasses; users would potentially be able to identify every person they saw. The tool could identify activists at a protest or an attractive stranger on the subway, revealing not just their names but where they lived, what they did and whom they knew.
  • ...37 more annotations...
  • it’s not just law enforcement: Clearview has also licensed the app to at least a handful of companies for security purposes.
  • “The weaponization possibilities of this are endless,” said Eric Goldman, co-director of the High Tech Law Institute at Santa Clara University. “Imagine a rogue law enforcement officer who wants to stalk potential romantic partners, or a foreign government using this to dig up secrets about people to blackmail them or throw them in jail.”
  • While the company was dodging me, it was also monitoring me. At my request, a number of police officers had run my photo through the Clearview app. They soon received phone calls from company representatives asking if they were talking to the media — a sign that Clearview has the ability and, in this case, the appetite to monitor whom law enforcement is searching for.
  • The company eventually started answering my questions, saying that its earlier silence was typical of an early-stage start-up in stealth mode. Mr. Ton-That acknowledged designing a prototype for use with augmented-reality glasses but said the company had no plans to release it.
  • In addition to Mr. Ton-That, Clearview was founded by Richard Schwartz — who was an aide to Rudolph W. Giuliani when he was mayor of New York — and backed financially by Peter Thiel, a venture capitalist behind Facebook and Palantir.
  • “I’ve come to the conclusion that because information constantly increases, there’s never going to be privacy,” Mr. Scalzo said. “Laws have to determine what’s legal, but you can’t ban technology. Sure, that might lead to a dystopian future or something, but you can’t ban it.”
  • “In 2017, Peter gave a talented young founder $200,000, which two years later converted to equity in Clearview AI,” said Jeremiah Hall, Mr. Thiel’s spokesman. “That was Peter’s only contribution; he is not involved in the company.”
  • He began in 2016 by recruiting a couple of engineers. One helped design a program that can automatically collect images of people’s faces from across the internet, such as employment sites, news sites, educational sites, and social networks including Facebook, YouTube, Twitter, Instagram and even Venmo
  • Representatives of those companies said their policies prohibit such scraping, and Twitter said it explicitly banned use of its data for facial recognition
  • Another engineer was hired to perfect a facial recognition algorithm that was derived from academic papers. The result: a system that uses what Mr. Ton-That described as a “state-of-the-art neural net” to convert all the images into mathematical formulas, or vectors, based on facial geometry — like how far apart a person’s eyes are
  • Clearview created a vast directory that clustered all the photos with similar vectors into “neighborhoods.”
  • When a user uploads a photo of a face into Clearview’s system, it converts the face into a vector and then shows all the scraped photos stored in that vector’s neighborhood — along with the links to the sites from which those images came.
  • Mr. Schwartz paid for server costs and basic expenses, but the operation was bare bones; everyone worked from home. “I was living on credit card debt,” Mr. Ton-That said. “Plus, I was a Bitcoin believer, so I had some of those.”
  • The company soon changed its name to Clearview AI and began marketing to law enforcement. That was when the company got its first round of funding from outside investors: Mr. Thiel and Kirenaga Partners
  • Mr. Schwartz and Mr. Ton-That met in 2016 at a book event at the Manhattan Institute, a conservative think tank. Mr. Schwartz, now 61, had amassed an impressive Rolodex working for Mr. Giuliani in the 1990s and serving as the editorial page editor of The New York Daily News in the early 2000s. The two soon decided to go into the facial recognition business together: Mr. Ton-That would build the app, and Mr. Schwartz would use his contacts to drum up commercial interest.
  • They immediately got a match: The man appeared in a video that someone had posted on social media, and his name was included in a caption on the video. “He did not have a driver’s license and hadn’t been arrested as an adult, so he wasn’t in government databases,”
  • The man was arrested and charged; Mr. Cohen said he probably wouldn’t have been identified without the ability to search social media for his face. The Indiana State Police became Clearview’s first paying customer, according to the company
  • Clearview deployed current and former Republican officials to approach police forces, offering free trials and annual licenses for as little as $2,000. Mr. Schwartz tapped his political connections to help make government officials aware of the tool
  • The company’s most effective sales technique was offering 30-day free trials to officers, who then encouraged their acquisition departments to sign up and praised the tool to officers from other police departments at conferences and online, according to the company and documents provided by police departments in response to public-record requests. Mr. Ton-That finally had his viral hit.
  • Photos “could be covertly taken with telephoto lens and input into the software, without ‘burning’ the surveillance operation,” the detective wrote in the email, provided to The Times by two researchers,
  • Sergeant Ferrara found Clearview’s app superior, he said. Its nationwide database of images is much larger, and unlike FACES, Clearview’s algorithm doesn’t require photos of people looking straight at the camera.
  • “With Clearview, you can use photos that aren’t perfect,” Sergeant Ferrara said. “A person can be wearing a hat or glasses, or it can be a profile shot or partial view of their face.”
  • Mr. Ton-That said the tool does not always work. Most of the photos in Clearview’s database are taken at eye level. Much of the material that the police upload is from surveillance cameras mounted on ceilings or high on walls.
  • Despite that, the company said, its tool finds matches up to 75 percent of the time. But it is unclear how often the tool delivers false matches, because it has not been tested by an independent party
  • One reason that Clearview is catching on is that its service is unique. That’s because Facebook and other social media sites prohibit people from scraping users’ images — Clearview is violating the sites’ terms of service.
  • Some law enforcement officials said they didn’t realize the photos they uploaded were being sent to and stored on Clearview’s servers. Clearview tries to pre-empt concerns with an F.A.Q. document given to would-be clients that says its customer-support employees won’t look at the photos that the police upload.
  • Mr. Clement, now a partner at Kirkland & Ellis, wrote that the authorities don’t have to tell defendants that they were identified via Clearview, as long as it isn’t the sole basis for getting a warrant to arrest them.
  • Because the police upload photos of people they’re trying to identify, Clearview possesses a growing database of individuals who have attracted attention from law enforcement. The company also has the ability to manipulate the results that the police see.
  • After the company realized I was asking officers to run my photo through the app, my face was flagged by Clearview’s systems and for a while showed no matches. When asked about this, Mr. Ton-That laughed and called it a “software bug.”
  • “It’s creepy what they’re doing, but there will be many more of these companies. There is no monopoly on math,” said Al Gidari, a privacy professor at Stanford Law School. “Absent a very strong federal privacy law, we’re all screwed.”
  • But if your profile has already been scraped, it is too late. The company keeps all the images it has scraped even if they are later deleted or taken down, though Mr. Ton-That said the company was working on a tool that would let people request that images be removed if they had been taken down from the website of origin
  • Woodrow Hartzog, a professor of law and computer science at Northeastern University in Boston, sees Clearview as the latest proof that facial recognition should be banned in the United States.
  • We’ve relied on industry efforts to self-police and not embrace such a risky technology, but now those dams are breaking because there is so much money on the table,”
  • “I don’t see a future where we harness the benefits of face recognition technology without the crippling abuse of the surveillance that comes with it. The only way to stop it is to ban it.”
  • Mr. Ton-That said he was reluctant. “There’s always going to be a community of bad people who will misuse it,” he said.
  • Even if Clearview doesn’t make its app publicly available, a copycat company might, now that the taboo is broken. Searching someone by face could become as easy as Googling a name
  • Someone walking down the street would be immediately identifiable — and his or her home address would be only a few clicks away. It would herald the end of public anonymity.
13More

'I Feel Sorry for Americans': A Baffled World Watches the U.S. - The New York Times - 0 views

  • Myanmar is a poor country struggling with open ethnic warfare and a coronavirus outbreak that could overload its broken hospitals. That hasn’t stopped its politicians from commiserating with a country they think has lost its way.
  • “I feel sorry for Americans,” said U Myint Oo, a member of parliament in Myanmar. “But we can’t help the U.S. because we are a very small country.”
  • “Personally, it’s like watching the decline of the Roman Empire,” said Mike Bradley, the mayor of Sarnia, an industrial city on the border with Michigan, where locals used to venture for lunch.
  • ...10 more annotations...
  • “The U.S.A. is a first-world country but it is acting like a third-world country,” said U Aung Thu Nyein, a political analyst in Myanmar.
  • Adding to the sense of bewilderment, Mr. Trump has refused to embrace an indispensable principle of democracy, dodging questions about whether he will commit to a peaceful transition of power after the November election should he lose.
  • “It reminds me of Belarus, when a person cannot admit defeat and looks for any means to prove that he couldn’t lose,” said Kiryl Kalbasnikau, a 29-year-old opposition activist and actor. “This would be a warning sign for any democracy.”
  • “We used to look to the U.S. for democratic governance inspiration,” said Eduardo Bohórquez, the director of Transparency International Mexico. “Sadly, this is not the case anymore.”
  • “The world sees the dismantling of social cohesion within American society and the mess in managing Covid,” said Yenny Wahid, an Indonesian politician and activist. “There is a vacuum of leadership that needs to be filled, but America is not fulfilling that leadership role.
  • Ms. Wahid, whose father was president of Indonesia after the country emerged from decades of strongman rule, said she worried that Mr. Trump’s dismissive attitude toward democratic principles could legitimize authoritarians.
  • “Trump inspired many dictators, many leaders who are interested in dictatorship, to copy his style, and he emboldened them,” she said.
  • “They now know what it’s like in other countries: violating norms, international trade and its own institutions,” said Eunice Rendon, an expert on migration and security and the director of Migrant Agenda, a nonprofit organization in Mexico. “The most powerful country in the world all of a sudden looks vulnerable.”
  • In Cambodia, which reports being largely spared by the virus so far, there is a measure of schadenfreude toward the United States. Prime Minister Hun Sen has survived as Asia’s longest serving leader by cracking down on dissent and cozying up to China.
  • “He has many nuclear weapons,” Sok Eysan, a spokesman for Mr. Hun Sen’s Cambodian People’s Party, said of Mr. Trump. “But he is careless with a disease that can’t be seen.”
21More

Why You Can Dine Indoors but Can't Have Thanksgiving - The Atlantic - 0 views

  • Because the state and city had reopened restaurants, Josh, who asked to be identified only by his first name to protect his privacy, assumed that local health officials had figured out a patchwork of precautions that would make indoor dining safe.
  • They were listening to the people they were told to listen to—New York Governor Andrew Cuomo recently released a book about how to control the pandemic—and following all the rules.
  • Josh was irritated, but not because of me. If indoor dining couldn’t be made safe, he wondered, why were people being encouraged to do it? Why were temperature checks being required if they actually weren’t useful? Why make rules that don’t keep people safe?
  • ...18 more annotations...
  • Across America, this type of honest confusion abounds. While a misinformation-gorged segment of the population rejects the expert consensus on virus safety outright, so many other people, like Josh, are trying to do everything right, but run afoul of science without realizing it.
  • In the country’s new devastating wave of infections, a perilous gap exists between the realities of transmission and the rules implemented to prevent it. “When health authorities present one rule after another without clear, science-based substantiation, their advice ends up seeming arbitrary and capricious,”
  • “That erodes public trust and makes it harder to implement rules that do make sense.” Experts know what has to be done to keep people safe, but confusing policies and tangled messages from some of the country’s most celebrated local leaders are setting people up to die.
  • Before you can dig into how cities and states are handling their coronavirus response, you have to deal with the elephant in the hospital room: Almost all of this would be simpler if the Trump administration and its allies had, at any point since January, behaved responsibly.
  • Early federal financial-aid programs could have been renewed and expanded as the pandemic worsened. Centrally coordinated testing and contact-tracing strategies could have been implemented. Reliable, data-based federal guidelines for what kinds of local restrictions to implement and when could have been developed.
  • The country could have had a national mask mandate. Donald Trump and his congressional allies could have governed instead of spending most of the year urging people to violate emergency orders and “liberate” their states from basic safety protocols.
  • But that’s not the country Americans live in. Responding to this national disaster has been left to governors, mayors, and city councils, basically since day one
  • it’s a lot of wasted time and money.” Instead of centralizing the development of infrastructure and methods to deal with the pandemic, states with significantly different financial resources and political climates have all built their own information environments and have total freedom to interpret their data as they please.
  • Even in cities and states that have had some success controlling the pandemic, a discrepancy between rules and reality has become its own kind of problem.
  • When places including New York, California, and Massachusetts first faced surging outbreaks, they implemented stringent safety restrictions—shelter-in-place orders, mask mandates, indoor-dining and bar closures. The strategy worked: Transmission decreased, and businesses reopened. But as people ventured out and cases began to rise again, many of those same local governments have warned residents of the need to hunker down and avoid holiday gatherings, yet haven’t reinstated the safety mandates that saved lives six months ago
  • beneath this contradiction lies a fundamental conflict that state and local leaders have been forced to navigate for the better part of a year. Amid the pandemic, the people they govern would generally be better served if they got to stay home, stay safe, and not worry about their bills. To govern, though, leaders also need to placate the other centers of power in American communities: local business associations, real-estate developers, and industry interest groups
  • The best way to resolve this conflict would probably be to bail out workers and business owners. But to do that at a state level, governors need cash on hand; currently, most of them don’t have much. The federal government, which could help states in numerous ways, has done little to fill state coffers, and has let many of its most effective direct-aid programs expire without renewal.
  • If you make people safe and comfortable at home, it might be harder to make them risk their lives for minimum wage at McDonald’s during a pandemic.
  • However effective these kinds of robust monetary programs may be at keeping people fed, housed, and safe, they are generally not in line with the larger project of the American political establishment, which favors bolstering “job creators” instead of directly helping those who might end up working those jobs
  • Why can’t a governor or mayor just be honest? There’s no help coming from the Trump administration, the local coffers are bare, and as a result, concessions are being made to business owners who want workers in restaurants and employees in offices in order to white-knuckle it for as long as possible and with as many jobs intact as possible, even if hospitals start to fill up again. Saying so wouldn’t change the truth, but it would better equip people to evaluate their own safety in their daily life, and make better choices because of it.
  • Kirk Sell stopped me short. “Do you think it might be the end of their career, though?” she asked. “Probably.”
  • With people out of work and small businesses set up to fail en masse, America has landed on its current contradiction: Tell people it’s safe to return to bars and restaurants and spend money inside while following some often useless restrictions, but also tell them it’s unsafe to gather in their home, where nothing is for sale.
  • Transparency, Kirk Sell told me, would go a long way toward helping people evaluate new restrictions and the quality and intentions of their local leadership. “People aren’t sheep,” she said. “People act rationally with the facts that they have, but you have to provide an understanding of why these decisions are being made, and what kind of factors are being considered.”
13More

The World's Major Military and Economic Powers Find Happiness Elusive | History News Ne... - 0 views

  • What are we to think, then, when we find that the world’s major military powers, which are also among the world’s richest nations, are failing badly when it comes to enhancing public happiness?
  • According to the most credible study of military expenditures (with figures drawn from 2018), three out of the top four military spenders, in rank order, are the United States, China, and India.
  • Ranked by total wealth, the United States is 1st, China 2nd, India 5th, and Russia 11th.  If ranked by their number of billionaires, the United States is 1st, China 2nd, India 4th, and Russia 5th.
  • ...10 more annotations...
  • Furthermore, Russia has the world’s largest nuclear arsenal and fifth largest army.  Therefore, Russia is usually considered one of the world’s top four military powers.
  • Based on how happy the citizens of 156 countries perceived themselves to be, the report concluded that, when it came to happiness, the United States ranked 18th, Russia 73rd, China 94th, and India 144th among nations
  • between 2012 and 2020 its happiness ranking dropped from 11th to 18th place among the nations of the world
  • great military and economic power does not guarantee a country’s happiness.  Indeed, it might even undermine happiness
  • spending on military ventures diverts resources away from civilian needs, while wars create death and destruction.
  • Economic inequality has certainly caused significant discontent within these nations, and the rise of “the billionaire class” has exacerbated it.  
  • these countries’ emphasis on consumerism and materialism has created desires that cannot always be satisfied by the acquisition of products or wealth.
  • nations that placed in the top ten on the 2020 happiness scale.  Ranked in order, they are Finland, Denmark, Switzerland, Iceland, Norway, Netherlands, Sweden, New Zealand, Austria, and Luxembourg.
  • None is a major military or economic power, and none is today fighting a war. 
  • What they also have in common, the World Happiness Report observes, is a “well-functioning democracy, generous and effective social welfare benefits, low levels of crime and corruption, and satisfied citizens who feel free and trust each other and governmental institutions.”
11More

Will Americans still travel abroad? Only with cast-iron coronavirus cover - Reuters - 0 views

  • In the new reality of COVID-19, some Americans may still be willing to travel abroad - but they’re going to make sure they’re insured up to the hilt.
  • U.S. travel insurers are seeing a surge in demand for highly priced “cancel for any reason” policies as holidaymakers planning to venture out in the months ahead seek the kind of comprehensive cover that was seldom seen pre-pandemic.
  • As destinations in Europe and Asia ease lockdowns, several U.S. industry figures told Reuters this week that holidaymakers booking for later in the year were paying around 40% more for insurance as a result.
  • ...8 more annotations...
  • Data from U.S. comparison website Squaremouth shows purchases of the comprehensive any-reason cover surged by 680% compared with a year ago. The data is based on policy purchases from April 1 to May 10, for travel in June, July or August.
  • More than a third of holidaymakers planning summer trips searched for a policy that included cancellation or medical coverage if they contract COVID-19 or are quarantined. 
  • The shift in behavior is one area of opportunity for an insurance industry that has been hammered by the crisis, and is a rare area where they can develop new products.
  • The “cancel for any reason” cover includes travelers who pull out due to the fear of contacting the novel coronavirus, provided they cancel the trip within two days of departure.
  • BOON OR BANE?
  • In one simple search on Seven Corners, standard round trip cover for a $5,000, 15-day holiday from the United States to Italy cost $171 per head for a standard policy but $240 for the comprehensive cover, adding up to several hundred dollars when applied to families and other groups.
  • “When the pandemic occurred, travelers had concerns that were not covered. That is when it became the best option.”
  • A total of 72% said they would purchase insurance for trips abroad, up from 38% in 2018.
42More

Michael Sandel: 'The populist backlash has been a revolt against the tyranny of merit' ... - 0 views

  • But as an age of violently polarised, partisan and poisonous politics has taken hold, it is that early encounter with Reagan that has begun to play on his mind. “It taught me a lot about the importance of the ability to listen attentively,” he says, “which matters as much as the rigours of the argument. It taught me about mutual respect and inclusion in the public square.”
  • As American commentators warn of an “Armageddon” election in a divided country, how can a less resentful, less rancorous, more generous public life be revived?
  • The starting point, uncomfortably, turns out to be a bonfire of the vanities that sustained a generation of progressives.
  • ...39 more annotations...
  • The Tyranny of Merit is Sandel’s response to Brexit and the election of Donald Trump
  • By championing an “age of merit” as the solution to the challenges of globalisation, inequality and deindustrialisation, the Democratic party and its European equivalents, Sandel argues, hung the western working-class and its values out to dry – with disastrous consequences for the common good.
  • Sandel charts the rise of what he sees as a corrosive leftwing individualism: “The solution to problems of globalisation and inequality – and we heard this on both sides of the Atlantic – was that those who work hard and play by the rules should be able to rise as far as their effort and talents will take them
  • It became an article of faith, a seemingly uncontroversial trope
  • We will make a truly level playing field, it was said by the centre-left, so that everyone has an equal chance. And if we do, and so far as we do, then those who rise by dint of effort, talent, hard work will deserve their place, will have earned it.”
  • The recommended way to “rise” has been to get a higher education. Or, as the Blair mantra had it: “Education, education, education.
  • For those willing to make the requisite effort, there was the promise that: “This country will always be a place where you can make it if you try.”
  • First, and most obvious, the fabled “level playing field” remains a chimera. Although he says more and more of his own Harvard students are now convinced that their success is a result of their own effort, two-thirds of them come from the top fifth of the income scale.
  • social mobility has been stalled for decades. “Americans born to poor parents tend to stay poor as adults.”
  • Even a perfect meritocracy, he says, would be a bad thing. “The book tries to show that there is a dark side, a demoralising side to that,” he says. “The implication is that those who do not rise will have no one to blame but themselves.
  • A relentless success ethic permeated the culture: “Those at the top deserved their place but so too did those who were left behind. They hadn’t striven as effectively.
  • “On globalisation,” says Sandel, “these parties said the choice was no longer between left and right, but between ‘open’ and ‘closed’. Open meant free flow of capital, goods and people across borders.” Not only was this state of affairs seen as irreversible, it was also presented as laudable. “To object in any way to that was to be closed-minded, prejudiced and hostile to cosmopolitan identities.”
  • Centre-left elites abandoned old class loyalties and took on a new role as moralising life-coaches, dedicated to helping working-class individuals shape up to a world in which they were on their own.
  • As centre-left parties and their representatives became more and more middle-class, the focus on upward mobility intensified. “They became reliant on the professional classes as their constituency, and in the US as a source of campaign finance.
  • Blue-collar workers were in effect given a double-edged invitation to “better” themselves or carry the burden of their own failure
  • Many took their votes elsewhere, nursing a sense of betrayal. “The populist backlash of recent years has been a revolt against the tyranny of merit, as it has been experienced by those who feel humiliated by meritocracy and by this entire political project.”
  • Does he empathise, then, with Trumpism?
  • my book conveys a sympathetic understanding of the people who voted for him. For all the thousands and thousands of lies Trump tells, the one authentic thing about him is his deep sense of insecurity and resentment against elites
  • A new respect and status for the non-credentialed, he says, should be accompanied by a belated humility on the part of the winners in the supposedly meritocratic race
  • the Democratic party will not succeed unless it redefines its mission to be more attentive to legitimate grievances and resentment, to which progressive politics contributed during the era of globalisation.”
  • The only way out of the crisis, Sandel believes, is to dismantle the meritocratic assumptions that have morally rubber-stamped a society of winners and losers
  • “This is a moment to begin a debate about the dignity of work; about the rewards of work both in terms of pay but also in terms of esteem.
  • There must be a radical re-evaluation of how contributions to the common good are judged and rewarded.
  • The money to be earned in the City or on Wall Street, for example, is out of all proportion with the contribution of speculative finance to the real economy. A financial transactions tax would allow funds to be channelled more equably.
  • the word “honour” is as important as the question of pay. There needs to be a redistribution of esteem as well as money, and more of it needs to go to the millions doing work that does not require a college degree.
  • “We need to rethink the role of universities as arbiters of opportunity,” he says, “which is something we have come to take for granted. Credentialism has become the last acceptable prejudice
  • Greater investment is important not only to support the ability of people without an advanced degree to make a living. The public recognition it conveys can help shift attitudes towards a better appreciation of the contribution to the common good made by people who haven’t been to university.”
  • Am I tough on the Democrats? Yes, because it was their uncritical embrace of market assumptions and meritocracy that prepared the way for Trump.
  • To those who, like many of his Harvard students, believe that they are simply the deserving recipients of their own success, Sandel offers the wisdom of Ecclesiastes: “I returned, and saw under the sun, that the race is not to the swift
  • “Humility is a civic virtue essential to this moment,” he says, “because it’s a necessary antidote to the meritocratic hubris that has driven us apart.”
  • The Tyranny of Merit is the latest salvo in Sandel’s lifelong intellectual struggle against a creeping individualism that, since the Reagan and Thatcher era, has become pervasive in western democracies
  • “To regard oneself as self-made and self-sufficient. This picture of the self exerts a powerful attraction because it seems on the face of it to be empowering – we can make it on our own, we can make it if we try.
  • It’s a certain picture of freedom but it’s flawed. It leads to a competitive market meritocracy that deepens divides and corrodes solidarity.”
  • Sandel draws on a vocabulary that challenges liberal notions of autonomy in a way that has been unfashionable for decades. Words such as “dependency”, “indebtedness”, “mystery”, “humility” and “luck” recur in his book.
  • vulnerability and mutual recognition can become the basis of a renewed sense of belonging and community. It is a vision of society that is the very opposite of what came to be known as Thatcherism, with its emphasis on self-reliance as a principal virtue.
  • There are, he believes, optimistic sign
  • “The Black Lives Matter movement has given moral energy to progressive politics. It has become a multiracial, multigenerational movement and is opening up space for a public reckoning with injustice. It shows that the remedy for inequality is not simply to remove barriers to meritocratic achievement.”
  • “The moral of Henry Aaron’s story is not that we should love meritocracy but that we should despise a system of racial injustice that can only be escaped by hitting home runs.”
  • “Tawney argued that equality of opportunity was at best a partial ideal. His alternative was not an oppressive equality of results. It was a broad, democratic ‘equality of condition’ that enables citizens of all walks of life to hold their heads up high and to consider themselves participants in a common venture.
« First ‹ Previous 101 - 120 of 158 Next › Last »
Showing 20 items per page