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manhefnawi

This Roman 'gate to hell' killed its victims with a cloud of deadly carbon dioxide | Science | AAAS - 0 views

  • a deep fissure running beneath Hierapolis constantly emits volcanic carbon dioxide (CO2), which pours forth as a visible mist
  • slightly heavier than air—billows out and forms a CO2 “lake” on the sheltered arena floor
  • Sacrificial animals were not tall enough to keep their heads fully clear of the CO2 lake, and as they became dizzy, their heads would have dropped even lower, exposing them to higher CO2 concentrations and leading to death by asphyxiation. The priests, however, were tall enough to keep their heads above the dangerous gasses, and may have even stood on stones to add to their height
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    The new findings are "tremendously exciting," says Gil Renberg, a classicist who researches Greek and Roman religious beliefs at the University of Nebraska in Lincoln. "This scientific information proves the veracity of ancient sources and helps explain not only why people could enter, but also why animals would die." It's likely that at least some of the other Plutoniums worked in the same way. Renberg thinks the chemical survey methods used by Pfanz and his team could help provide a firmer idea of the exact location of the gate to hell at a site called Akaraka, also in modern-day Turkey.
brickol

The Most Powerful People in American Politics Are Over 65 - The New York Times - 0 views

  • President Trump is 73. His leading rival is 77. And many of their strongest supporters — vulnerable to the coronavirus but enormously influential politically — are eligible for Social Security.
  • Mr. Biden’s ability to connect with Ms. Honkala’s age group — through his résumé and more centrist tendencies, his talk of shared values and his perceived general election promise — helped him regain his footing in Nevada, surge to victory in South Carolina and catapult to his perch as the likely Democratic nominee. It was a rapid reversal of fortunes fueled by overwhelming support first from older black voters and, ultimately, from older voters more broadly, a key part of his larger coalition.
  • Now that age group is top of mind for many Americans as the nation confronts the staggering costs of the coronavirus crisis. It’s a vulnerable population in terms of the outbreak — and has become the focus of the public conversation. Health officials are pleading for young people to stay home to protect their parents and grandparents, while in Texas, Dan Patrick, the Republican lieutenant governor, suggested that older people might be willing to take risks in order to protect the economy, sparking a national controversy.
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  • Those Democratic grandparents, especially, tend to be more moderate, more swayed by traditional government experience and more keenly focused on the tactics they believe are needed to defeat President Trump, strategists and pollsters said.
  • “Older voters, after African-American voters, have been the single most important constituency for Joe Biden,” said Celinda Lake, a veteran Democratic pollster and political strategist who works with the Biden team but spoke in her personal capacity.
  • But politically, the primary results this election season have highlighted the extraordinary, sustained power of older Americans: Exit polls, surveys and interviews with political strategists and demographers show that the concerns and preferences of these voters have played a critical role in defining the trajectory of the Democratic race so far, and are poised to do so in the general election as well.
  • Mr. Biden, who once faced significant competition for older Americans, emerged in recent weeks as the dominant front-runner among those highly committed Democratic voters who have now helped bring him to the cusp of his party’s presidential nomination.Older voters have punched above their political weight for years, with turnout among those 65 and older often double, or more, that of the youngest voters. As Americans age and become more rooted in their communities, political participation tends to rise with their stake in society.
  • Even in the midterm elections in 2018, hailed as a high-water mark for youth voting because the share of 18- to 24-year-olds nearly doubled from the previous midterm election, the gap with older voters remained about the same. About 66 percent of eligible older people turned out, compared with about 36 percent of 18- to 24-year-olds, said William Frey, a demographer at the Brookings Institution.
  • Certainly, Mr. Sanders, the overwhelming favorite with younger voters, is continuing to campaign. And while the Vermont senator has acknowledged that younger voters did not appear to turn out at the rate he had hoped for, polls and exit surveys show that Mr. Biden faces major challenges with that constituency, a liberal slice of the electorate that, his advisers acknowledge, he will need to energize if he is the nominee.
  • “The irony is that the pattern is about to reverse in the general,” Ms. Lake said, pointing to Mr. Trump’s overall strength with older voters, even as she added that “Donald Trump is despised by younger voters.”
  • The virus has thrown politics completely, and unpredictably, up in the air. What will happen in Florida’s retirement communities — some of the most vulnerable in the nation to the virus — if Mr. Trump’s push to reopen the country fast comes to pass? It’s a question with potentially partisan implications.
  • Older people have long leaned Republican. A majority have chosen Republicans in four of the last seven presidential elections, according to Mr. Frey. In recent years they have also become more demographically distinct from the rest of the country: About 78 percent of eligible senior voters are white, compared with just 67 percent of eligible voters in the country as a whole.
  • This presents a challenge for Mr. Biden, should he win the nomination: how to get younger voters — who did not prefer him to begin with — to turn out for him, while persuading their older counterparts, who tend to choose Republicans, to vote for him over Mr. Trump.
  • In recent weeks, Mr. Biden has increased his efforts to appeal to younger and more progressive voters, ramping up outreach and embracing portions of proposals from Mr. Sanders and Senator Elizabeth Warren that take aim at the student debt burden.
  • Older Americans will soon be even more important. Mr. Frey noted that the large “Baby Boom” generation has only just begun entering the older American voting bloc. He has calculated that the number of senior eligible voters will rise to 68 million in 2028 from 47 million in 2016.
  • But first, there is still a primary contest, and the age gap between Mr. Biden and Mr. Sanders has been on vivid display all year. The senator favored large rallies that attracted devoted young people, while Mr. Biden’s events, even in his strongest states, tended to be smaller, with crowds that tilted older.
anonymous

Everything is bigger in Texas -- but these recent rainfall totals are super-sized - CNN - 0 views

shared by anonymous on 05 Jun 21 - No Cached
  • Victoria, Texas, received 20.28 inches of rain during the month of May, eclipsing the previous record of 14.66 inches in 1993. Nearly 14 inches of rain was measured in Houston between May 11th and June 3rd, marking the second wettest period on record for the city. Preliminary numbers also indicate Port Arthur had its wettest May on record at 15.55 inches.
  • These record setting rainfall observations have left the soil saturated and river levels high, meaning any additional precipitation could trigger flash flooding
  • Texas Governor Greg Abbott activated resources to respond to the anticipated heavy rain and flooding, according to a press release from his office on Friday. This includes boat squads, search and rescue boat teams, helicopters with hoist capability and high-profile vehicles.
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  • Heavy precipitation will also revisit much of coastal Louisiana this weekend as recent weather model trends have shifted the axis of heaviest rainfall slightly eastward.
  • Like Texas, this is also an area hit hard by recent rain and flooding and can't seem to catch a break from the rough weather. Between May 16-22, Lake Charles, Louisiana reported over 21 inches of precipitation, while Baton Rouge saw a staggering 15 inches during the same period. This amount of rain turned streets into rivers, quickly inundating vehicles with water.
  • Currently, the low pressure responsible for the inevitable soaking is churning over southern Texas. It is perfectly positioned to utilize the warm ocean waters of the Gulf of Mexico, helping to feed bands of rain into the coast.
criscimagnael

Source of Mysterious Gas Leak Explosion in Canadian Town Stumps Officials - The New York Times - 0 views

  • Electricity is cut off. Guards sit in cars on every corner. Hundreds of people are out of their homes, some without access to their clothing or belongings.
  • More than four months after the blast shuttered Wheatley’s downtown and injured 20 of the town’s 2,900 residents, the authorities still don’t know where the gas leak came from, or why it happened.
  • Many are now grappling with whether the center of the town, which was formally recognized in 1865, should be permanently abandoned.
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  • “It still is one of those like really surreal things where you tell people like, yeah, the town blew up,” said Stephanie Charbonneau, a schoolteacher who was forced to flee her house with her family. “Who knows what’s going to happen at the end of all of this? What is Wheatley going to look like?”
  • In the 1890s, gas wells were dug to supply heat and power to homes and businesses in and around Wheatley, which is in southwestern Ontario on Lake Erie. Over time, the wells became obsolete and buildings were constructed directly on top of them; the wells’ locations were loosely, if at all, documented.
  • Before the blast, Wheatley was mostly known for its Lake Erie fishery; a shipyard; and a Lakeside provincial park. Few people in the community knew about the gas wells, or that an explosion had leveled a meeting hall in 1936.
  • About 300 people are still not allowed to return to their homes, and 38 of Wheatley’s businesses remain closed. There’s no estimate for when, or if, everyone will be allowed to return home permanently — or whether the destroyed buildings can even be rebuilt. Mr. Shropshire said it may prove impossible to ever safely reopen the area around the blast.
  • Sensors were then installed and quickly began detecting hazardous gases, leading firefighters to evacuate the area around the building twice more during the summer.
  • “Well, here we go again,” Mr. Ingram recalled saying to his wife that evening. “Sooner or later this place is going to blow up.”
  • Local officials quickly opened an investigation. Using ground-penetrating radar, they discovered the site of an old well under a paved parking lot behind the explosion site. Closer to the site, the ground continued to burp gas about every 40 days, which hinted at the source of the gas leak, and also spurred fears of another explosion.
  • “I’m reasonably confident that they’re going to find the source of the gas,” Mr. Shropshire said. “Whether or not it can be mitigated — that’s an entirely different question.”
  • The first sign of trouble was on June 2, when Whit Thiele, a local business owner, went to investigate a foul odor in the basement of a downtown commercial building he owned. There, he saw water pouring through cracks in the foundation and through a drain in the floor before pooling into a fizzing mass.
  • The province has committed about $3.96 million in assistance, but several shop owners said they have yet to see any of that money. They believe individual payments will be far short of what they will need to restart business.
  • At a heated public meeting in November, local officials acknowledged the frustration and anger. But they also emphasized the complexity of the problem and said it will take time to solve it.
  • “I can’t imagine anybody building a building there and feeling safe,” he said.
  • “I don’t want anyone to guess what the problem is, dump concrete on it and 60 years from now my grandkids who could be living in Wheatley have the same darn problem again,” Melissa Harrigan, a member of the town council, said at the meeting. “I am so sorry that it is disrupting your lives in so many ways I can’t imagine, I truly can’t, but I can say we’re trying.”
  • Ms. Declerck said she was concerned that the blast may have left her shop’s building structurally unsound. Like many people in Wheatley, she’s skeptical that a permanent fix for the leaking gas will ever be found.
peterconnelly

Drought-stricken US warned of looming 'dead pool' - BBC News - 0 views

  • Sitting on the Arizona-Nevada border near Las Vegas, Lake Mead - formed by the creation of the Hoover Dam on the Colorado River - is the largest reservoir in the United States and provides water to 25 million people across three states and Mexico. Here, the stunning scale of a drought in the American west has been laid plain for all to see.
  • Californians have been told to conserve water at home or risk mandated water restrictions as a severe drought on the West Coast is expected to get worse during the summer months.
  • People have been told to limit outdoor watering and take shorter showers. In Los Angeles, many are being asked to cut their water use by 35%. The restrictions come after California recorded the driest start to the year on record.
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  • Farmers are already feeling the pain. About 75% of the water from Lake Mead goes to agriculture.
  • "With climate change, it seems like the dominoes are beginning to fall," Nasa hydrologist JT Reager told the BBC.
  • the western United States is now entering one of the worst droughts ever seen.
  • For many living in California's agricultural heartland, the wells have already started to run dry and they can't afford to dig a deeper well. Charities deliver bottled water and large tanks of non-potable water for washing.
  • Many farmers argued that it's time for another massive infrastructure project like the Hoover Dam, which was built in the 1930s, so that more rainwater can be stored instead of being let to end up back in the ocean.
  • Dams are controversial and typically opposed by environmentalists - but with the drought now so severe, even California's Democratic leadership - largely aligned with environmental groups - have proposed rethinking some of the state's shelved dam projects.
  • Kat George, a manager at Source, was in California's Central Valley where the company is installing hydro-panels on 1,000 homes so people can have clean drinking water.
Javier E

Fareed Zakaria: Romney is the GOP's pretzel candidate - The Washington Post - 0 views

  • shouldn’t it puzzle us that Romney is so “incompetent” (also from Noonan), given his deserved reputation for, well, competence? He founded one of this country’s most successful financial firms, turned around the flailing Salt Lake City Olympics and was a successful governor. How did he get so clumsy so fast?
  • the problem is not Romney but the new Republican Party. Given the direction in which it has moved and the pressures from its most extreme — yet most powerful — elements, any nominee would face the same challenge: Can you be a serious candidate for the general election while not outraging the Republican base?
  • Why won’t Romney, an intelligent man, fluent in economics, explain his economic policy? Because any sensible answer would cause a firestorm in his party.
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  • It is obvious that, with a deficit at 8 percent of gross domestic product, any solution to our budgetary problems has to involve both spending cuts and tax increases. Ronald Reagan agreed to tax increases when the deficit hit 4 percent of GDP; George H.W. Bush did so when the deficit was 3 percent of GDP. But today’s Republican Party is organized around the proposition that, no matter the circumstances, there must never be a tax increase of any kind.
  • The Republican Party has imposed a new kind of political correctness on its leaders. They cannot speak certain words (taxes) or speculate about certain ideas (immigration amnesty) because these are forbidden. Romney has tried to run a campaign while not running afoul of his party’s strictures. As a result, he has twisted himself into a pretzel, speaking vacuously, avoiding specifics and refusing to provide any serious plans for the most important issues of the day.
Javier E

David Stockman: Mitt Romney and the Bain Drain - Newsweek and The Daily Beast - 1 views

  • Is Romney really a job creator? Ronald Reagan’s budget director, David Stockman, takes a scalpel to the claims.
  • Bain Capital is a product of the Great Deformation. It has garnered fabulous winnings through leveraged speculation in financial markets that have been perverted and deformed by decades of money printing and Wall Street coddling by the Fed. So Bain’s billions of profits were not rewards for capitalist creation; they were mainly windfalls collected from gambling in markets that were rigged to rise.
  • Mitt Romney claims that his essential qualification to be president is grounded in his 15 years as head of Bain Capital, from 1984 through early 1999. According to the campaign’s narrative, it was then that he became immersed in the toils of business enterprise, learning along the way the true secrets of how to grow the economy and create jobs. The fact that Bain’s returns reputedly averaged more than 50 percent annually during this period is purportedly proof of the case
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  • Except Mitt Romney was not a businessman; he was a master financial speculator who bought, sold, flipped, and stripped businesses. He did not build enterprises the old-fashioned way—out of inspiration, perspiration, and a long slog in the free market fostering a new product, service, or process of production. Instead, he spent his 15 years raising debt in prodigious amounts on Wall Street so that Bain could purchase the pots and pans and castoffs of corporate America, leverage them to the hilt, gussy them up as reborn “roll-ups,” and then deliver them back to Wall Street for resale—the faster the better.
  • That is the modus operandi of the leveraged-buyout business, and in an honest free-market economy, there wouldn’t be much scope for it because it creates little of economic value. But we have a rigged system—a regime of crony capitalism—where the tax code heavily favors debt and capital gains, and the central bank purposefully enables rampant speculation by propping up the price of financial assets and battering down the cost of leveraged finance.
  • So the vast outpouring of LBOs in recent decades has been the consequence of bad policy, not the product of capitalist enterprise. I know this from 17 years of experience doing leveraged buyouts at one of the pioneering private-equity houses, Blackstone, and then my own firm. I know the pitfalls of private equity. The whole business was about maximizing debt, extracting cash, cutting head counts, skimping on capital spending, outsourcing production, and dressing up the deal for the earliest, highest-profit exit possible. Occasionally, we did invest in genuine growth companies, but without cheap debt and deep tax subsidies, most deals would not make economic sense.
  • In truth, LBOs are capitalism’s natural undertakers—vulture investors who feed on failing businesses. Due to bad policy, however, they have now become monsters of the financial midway that strip-mine cash from healthy businesses and recycle it mostly to the top 1 percent.
  • Accordingly, Bain’s returns on the overwhelming bulk of the deals—67 out of 77—were actually lower than what a passive S&P 500 indexer would have earned even without the risk of leverage or paying all the private-equity fees. Investor profits amounted to a prosaic 0.7X the original investment on these deals and, based on its average five-year holding period, the annual return would have computed to about 12 percent—well below the 17 percent average return on the S&P in this period.
  • having a trader’s facility for knowing when to hold ’em and when to fold ’em has virtually nothing to do with rectifying the massive fiscal hemorrhage and debt-burdened private economy that are the real issues before the American electorate
  • Indeed, the next president’s overriding task is restoring national solvency—an undertaking that will involve immense societywide pain, sacrifice, and denial and that will therefore require “fairness” as a defining principle. And that’s why heralding Romney’s record at Bain is so completely perverse. The record is actually all about the utter unfairness of windfall riches obtained under our anti-free market regime of bubble finance.
  • When Romney opened the doors to Bain Capital in 1984, the S&P 500 stood at 160. By the time he answered the call to duty in Salt Lake City in early 1999, it had gone parabolic and reached 1270. This meant that had a modern Rip Van Winkle bought the S&P 500 index and held it through the 15 years in question, the annual return (with dividends) would have been a spectacular 17 percent. Bain did considerably better, of course, but the reason wasn’t business acumen.
  • The secret was leverage, luck, inside baseball, and the peculiar asymmetrical dynamics of the leveraged gambling carried on by private-equity shops. LBO funds are invested as equity at the bottom of a company’s capital structure, which means that the lenders who provide 80 to 90 percent of the capital have no recourse to the private-equity sponsor if deals go bust. Accordingly, LBO funds can lose 1X (one times) their money on failed deals, but make 10X or even 50X on the occasional “home run.” During a period of rising markets, expanding valuation multiples, and abundant credit, the opportunity to “average up” the home runs with the 1X losses is considerable; it can generate a spectacular portfolio outcome.
  • The Wall Street Journal examined 77 significant deals completed during that period based on fundraising documents from Bain, and the results are a perfect illustration of bull-market asymmetry. Overall, Bain generated an impressive $2.5 billion in investor gains on $1.1 billion in investments. But 10 of Bain’s deals accounted for 75 percent of the investor profits.
  • The credentials that Romney proffers as evidence of his business acumen, in fact, mainly show that he hung around the basket during the greatest bull market in recorded history.
  • By contrast, the 10 home runs generated profits of $1.8 billion on investments of only $250 million, yielding a spectacular return of 7X investment. Yet it is this handful of home runs that both make the Romney investment legend and also seal the indictment: they show that Bain Capital was a vehicle for leveraged speculation that was gifted immeasurably by the Greenspan bubble. It was a fortunate place where leverage got lucky, not a higher form of capitalist endeavor or training school for presidential aspirants.
  • The startling fact is that four of the 10 Bain Capital home runs ended up in bankruptcy, and for an obvious reason: Bain got its money out at the top of the Greenspan boom in the late 1990s and then these companies hit the wall during the 2000-02 downturn, weighed down by the massive load of debt Bain had bequeathed them. In fact, nearly $600 million, or one third of the profits earned by the home-run companies, had been extracted from the hide of these four eventual debt zombies.
  • The bankruptcy forced the closure of about 250—or 40 percent—of the company’s stores and the loss of about 5,000 jobs. Yet the moral of the Stage Stores saga is not simply that in this instance Bain Capital was a jobs destroyer, not a jobs creator. The larger point is that it is actually a tale of Wall Street speculators toying with Main Street properties in defiance of sound finance—an anti-Schumpeterian project that used state-subsidized debt to milk cash from stores that would not have otherwise survived on the free market.
  • Ironically, the businesses and jobs that Staples eliminated were the office-supply counterparts of the cracker-box stores selling shoes, shirts, and dresses that Bain kept on artificial life-support at Stage Stores Inc. At length, Wal-Mart eliminated these jobs and replaced them with back-of–the-store automation and front-end part-timers, as did Staples, which now has 40,000 part-time employees out of its approximate 90,000 total head count. The pointless exercise of counting jobs won and lost owing to these epochal shifts on the free market is obviously irrelevant to the job of being president, but the fact that Bain made $15 million from the winner and $175 million from the loser is evidence that it did not make a fortune all on its own. It had considerable help from the Easy Button at the Fed.
  • The lesson is that LBOs are just another legal (and risky) way for speculators to make money, but they are dangerous because when they fail, they leave needless economic disruption and job losses in their wake. That’s why LBOs would be rare in an honest free market—it’s only cheap debt, interest deductions, and ludicrously low capital-gains taxes that artifically fuel them.
  • The larger point is that Romney’s personal experience in the nation’s financial casinos is no mark against his character or competence. I’ve made money and lost it and know what it is like to be judged. But that experience doesn’t translate into answers on the great public issues before the nation, either. The Romney campaign’s feckless narrative that private equity generates real economic efficiency and societal wealth is dead wrong.
  • The Bain Capital investments here reviewed accounted for $1.4 billion or 60 percent of the fund’s profits over 15 years, by my calculations. Four of them ended in bankruptcy; one was an inside job and fast flip; one was essentially a massive M&A brokerage fee; and the seventh and largest gain—the Italian Job—amounted to a veritable freak of financial nature.
  • In short, this is a record about a dangerous form of leveraged gambling that has been enabled by the failed central banking and taxing policies of the state. That it should be offered as evidence that Mitt Romney is a deeply experienced capitalist entrepreneur and job creator is surely a testament to the financial deformations of our times.
Javier E

Matt Ridley on Climate Change and Warm Medieval Times | Mind & Matter - WSJ.com - 1 views

  • A flurry of recent scientific papers has tried to measure the warmth of the "Medieval Warm Period" (MWP) of about 1,000 years ago. Scientists have long debated whether it was cooler or warmer than today, and whether the warmth was global or regional. The point for nonscientists: If recent warming has precedents, some might find it less alarming.
  • Until the late 1990s, researchers generally agreed that the MWP was warmer than today and that the "Little Ice Age" of 1500-1800 was colder. Then in 2001 the Intergovernmental Panel on Climate Change adopted the "hockey stick" graph devised by Michael Mann at the University of Virginia and colleagues. Using temperature indicators such as tree rings and lake sediments, the graph rewrote history by showing little warmth in the 11th century and little cold in the 17th, but a sharp spike in late-20th-century temperatures. That graph helped to persuade many people (such as me) that recent temperature rises were unprecedented in scale and speed in at least 1,400 years.
  • Four recent studies have now rehabilitated the MWP as a period of unusual warmth, though they disagree on whether it was as warm or warmer than today.
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  • Taken together, these studies cast doubt on the IPCC's conclusion in 2007 that "the evidence is not sufficient to support a conclusion that [Northern] hemispheric mean temperatures were as warm, or the extent of warm regions as expansive, as those in the 20th century as a whole, during any period in medieval times."
Javier E

Recent heat spike unlike anything in 11,000 years - Yahoo! Weather - 0 views

  • it took 4,000 years for the world to warm about 1.25 degrees from the end of the ice age to about 7,000 years ago. The same fossil-based data suggest a similar level of warming occurring in just one generation: from the 1920s to the 1940s.
  • scientists may have to go back 125,000 years to find warmer temperatures potentially rivaling today's.
  • the climate had been gently warming out of the ice age with a slow cooling that started about 6,000 years ago. Then the cooling reversed with a vengeance. The study shows the recent heat spike "has no precedent as far back as we can go with any confidence, 11,000 years arguably,"
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  • Before this study, continuous temperature record reconstruction only went back about 2,000 years. The temperature trend produces a line shaped like a "hockey stick" with a sudden spike after what had been a fairly steady line. That data came from tree rings, ice cores and lake sediments.
  • the general downward trend of temperatures that reversed 100 years ago seemed to indicate the Earth was heading either toward another ice age or little ice age from about 1550 to 1850. Or it was continuing to cool naturally until greenhouse gases from the burning of fossil fuels changed everything.
  • "We have, through human emissions of carbon dioxide and other heat-trapping gases, indefinitely delayed the onset of the next ice age and are now heading into an unknown future where humans control the thermostat of the planet,
rachelramirez

Boko Haram Using More Children as Suicide Bombers, Unicef Says - The New York Times - 0 views

  • Boko Haram Using More Children as Suicide Bombers, Unicef Says
  • One of every five suicide bombers deployed by Boko Haram in the past two years has been a child, usually a girl, according to a report released Tuesday by Unicef.
  • The youngest bomber so far was thought to be 8 years old.
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  • The report seeks to quantify one of the most chilling elements of Boko Haram, an Islamist extremist group that has assaulted the Lake Chad region of Africa for years with thievery, beheadings, kidnappings and the torching of entire villages.
  • According to Unicef, the overall number of suicide bombings increased from 32 in 2014 to 151 last year. In 2015, 89 attacks were carried out in Nigeria, 39 in Cameroon, 16 in Chad and seven in Niger.
  • Cameroon has had the highest number of attacks involving children, Unicef said.
  • In its report, Unicef said it needed $97 million to provide vaccinations, schooling, drinking water, mental health aid and other assistance to families affected by Boko Haram
  • It said that between 2009 and 2015, attacks by the group destroyed more than 910 schools and forced at least 1,500 more to close.
maxwellokolo

Impending California dam failure prompts evacuations - 0 views

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    The dam's emergency spillway could be on the verge of failing due to erosion, the sheriff's office said in a statement. The structure was expected to give way by 6 p.m. local time (9 p.m. ET). A spillway controls the flow of water from the lake or river being dammed to the area downstream.
Javier E

How the Mormons Make Money - Businessweek - 0 views

  • “The Mormon Church is very different than any other church. … Traditional Christianity and Judaism make a clear distinction between what is spiritual and what is temporal, while Mormon theology specifically denies that there is such a distinction.”
  • To Latter-day Saints, opening megamalls, operating a billion-dollar media and insurance conglomerate, and running a Polynesian theme park are all part of doing God’s work. Says Quinn: “In the Mormon [leadership’s] worldview, it’s as spiritual to give alms to the poor, as the old phrase goes in the Biblical sense, as it is to make a million dollars.”
  • “There are religious groups that own radio stations, but they don’t also own cattle ranches. There are religious groups that own retreats, but they don’t also own insurance companies,” says Ryan Cragun, a sociology professor at the University of Tampa and co-author of the recently published book Could I Vote for a Mormon for President? “Given their array of corporate interests, it would probably make more sense to refer to them as The Church of Jesus Christ of Latter-day Saints Holdings Inc.”
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  • As a religious organization, the LDS Church enjoys several tax advantages. Like other churches, it is often exempt from paying taxes on the real estate properties it leases out, even to commercial entities, says tax lawyer David Miller, who is not Mormon. The church also doesn’t pay taxes on donated funds and holdings.
  • Under U.S. law, churches can legally turn around and sell donated stock without paying capital-gains taxes, a clear advantage for both donor and receiver.
  • According to U.S. law, religions have no obligation to open their books to the public, and the LDS Church officially stopped reporting any finances in the early 1960s. In 1997 an investigation by Time used cross-religious comparisons and internal information to estimate the church’s total value at $30 billion. The magazine also produced an estimate that $5 billion worth of tithing flows into the church annually, and that it owned at least $6 billion in stocks and bonds.
  • a recent investigation by Reuters in collaboration with sociology professor Cragun estimates that the LDS Church is likely worth $40 billion today and collects up to $8 billion in tithing each year.
  • Several high-ranking church insiders told him that the church’s finances are so compartmentalized that no single person, not even the president, knows the entirety of its holdings
  • it’s important to start at the very top: The Mormon Church is owned and run by what is called the Corporation of the President of the Church of Jesus Christ of Latter-day Saints. This entity is a “corporation sole,” which is an obscure legal body owned entirely by one person. In the case of the Mormon Church, that person is Monson, the prophet.
  • McMullin says the Mormon Church has “two or three or four for-profit entities under the Presiding Bishopric,” and names DMC, AgReserves, and Suburban Land Reserve. He says DMC has about “2,000 to 3,000 employees.” He also confirms Hoover’s estimate that DMC has annual revenue of roughly $1.2 billion
  • The Mormon belief in the spiritual value of financial success goes back to 1830, when the religion’s founder, Joseph Smith, announced to his followers that God had told him the following: “Verily I say unto you, that all things unto me are spiritual, and not at any time have I given unto you a law which was temporal.” In other words, historian Quinn translates, “whether it’s investing in a merchandising store, or tannery, or a lumber mill, or a hotel, or a bank—all of which occurred under Joseph Smith’s leadership—according to that 1830 revelation, it’s all spiritual.”
  • In its early days, the church’s entrepreneurial rigor was fueled by necessity. Mormons, who clashed with neighbors and government authorities over practices such as polygamy, often had to fend for themselves. The group also espoused separatist financial goals of “erecting and maintaining an improved economic system for its members,” according to historian Leonard J. Arrington, who points out that 88 of Smith’s 112 revelations deal directly or indirectly with economic matters.
  • When Mormons arrived in Utah in 1847 it was a barren territory, still under Mexican jurisdiction. To settle the land, Arrington writes, over a 15-year period in the late 1800s, “Mormons constructed 200 miles of territorial railroad, a $300,000 woolen mill, a large cotton factory, a wholesale-retail concern with sales of $6,000,000 a year, more than 150 local general stores, and at least 500 local cooperative manufacturing and service enterprises.”
  • oday, Temple Square is filled with statues glorifying the industry of those pioneers. The state emblem is a beehive, in honor of diligent work, and the term “deseret,” used in the titles of many Latter-day enterprises, derived from the Book of Mormon, means “honeybee.”
  • Until the 1990s, wards—the Mormon equivalent of parishes—kept some donated member money locally to distribute for aid and activities as they saw fit. Today all money is wired directly to Salt Lake City. McMullin insists that not one penny of tithing goes to the church’s for-profit endeavors, but it’s impossible for church members to know for sure. Although the Mormon Doctrine and Covenants says “all things shall be done by common consent in the church,” members are not provided with any financial accounting.
  • the Mormon Church donates only about 0.7 percent of its annual income to charity; the United Methodist Church gives about 29 percent.
  • “Though the church’s monetary donations are significant, much of the ‘value’ of our service is not monetary, but in the hundreds of thousands of hours of service and the talent and expertise given by church members to help others around the world.”
  • The LDS Church’s legions of missionaries and volunteers don’t merely spread the Mormon message around the world; they’re also vital to the church’s businesses. According to McMullin, DMC alone employs 1,400 “people who are volunteering their time and their services—some are part-time and some are volunteer.” Many of these members being asked to serve full- or part-time are retirees.
Javier E

Welcome, Robot Overlords. Please Don't Fire Us? | Mother Jones - 0 views

  • There will be no place to go but the unemployment line.
  • Slowly but steadily, labor's share of total national income has gone down, while the share going to capital owners has gone up. The most obvious effect of this is the skyrocketing wealth of the top 1 percent, due mostly to huge increases in capital gains and investment income.
  • at this point our tale takes a darker turn. What do we do over the next few decades as robots become steadily more capable and steadily begin taking away all our jobs?
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  • The economics community just hasn't spent much time over the past couple of decades focusing on the effect that machine intelligence is likely to have on the labor marke
  • The Digital Revolution is different because computers can perform cognitive tasks too, and that means machines will eventually be able to run themselves. When that happens, they won't just put individuals out of work temporarily. Entire classes of workers will be out of work permanently. In other words, the Luddites weren't wrong. They were just 200 years too early
  • while it's easy to believe that some jobs can never be done by machines—do the elderly really want to be tended by robots?—that may not be true.
  • Robotic pets are growing so popular that Sherry Turkle, an MIT professor who studies the way we interact with technology, is uneasy about it: "The idea of some kind of artificial companionship," she says, "is already becoming the new normal."
  • robots will take over more and more jobs. And guess who will own all these robots? People with money, of course. As this happens, capital will become ever more powerful and labor will become ever more worthless. Those without money—most of us—will live on whatever crumbs the owners of capital allow us.
  • Economist Paul Krugman recently remarked that our long-standing belief in skills and education as the keys to financial success may well be outdated. In a blog post titled "Rise of the Robots," he reviewed some recent economic data and predicted that we're entering an era where the prime cause of income inequality will be something else entirely: capital vs. labor.
  • We're already seeing them, and not just because of the crash of 2008. They started showing up in the statistics more than a decade ago. For a while, though, they were masked by the dot-com and housing bubbles, so when the financial crisis hit, years' worth of decline was compressed into 24 months. The trend lines dropped off the cliff.
  • In the economics literature, the increase in the share of income going to capital owners is known as capital-biased technological change
  • The question we want to answer is simple: If CBTC is already happening—not a lot, but just a little bit—what trends would we expect to see? What are the signs of a computer-driven economy?
  • if automation were displacing labor, we'd expect to see a steady decline in the share of the population that's employed.
  • Second, we'd expect to see fewer job openings than in the past.
  • Third, as more people compete for fewer jobs, we'd expect to see middle-class incomes flatten in a race to the bottom.
  • Fourth, with consumption stagnant, we'd expect to see corporations stockpile more cash and, fearing weaker sales, invest less in new products and new factories
  • Fifth, as a result of all this, we'd expect to see labor's share of national income decline and capital's share rise.
  • There will be no place to go but the unemployment line.
  • The modern economy is complex, and most of these trends have multiple causes.
  • in another sense, we should be very alarmed. It's one thing to suggest that robots are going to cause mass unemployment starting in 2030 or so. We'd have some time to come to grips with that. But the evidence suggests that—slowly, haltingly—it's happening already, and we're simply not prepared for it.
  • the first jobs to go will be middle-skill jobs. Despite impressive advances, robots still don't have the dexterity to perform many common kinds of manual labor that are simple for humans—digging ditches, changing bedpans. Nor are they any good at jobs that require a lot of cognitive skill—teaching classes, writing magazine articles
  • in the middle you have jobs that are both fairly routine and require no manual dexterity. So that may be where the hollowing out starts: with desk jobs in places like accounting or customer support.
  • In fact, there's even a digital sports writer. It's true that a human being wrote this story—ask my mother if you're not sure—but in a decade or two I might be out of a job too
  • Doctors should probably be worried as well. Remember Watson, the Jeopardy!-playing computer? It's now being fed millions of pages of medical information so that it can help physicians do a better job of diagnosing diseases. In another decade, there's a good chance that Watson will be able to do this without any human help at all.
  • Take driverless cars.
  • Most likely, owners of capital would strongly resist higher taxes, as they always have, while workers would be unhappy with their enforced idleness. Still, the ancient Romans managed to get used to it—with slave labor playing the role of robots—and we might have to, as well.
  • There will be no place to go but the unemployment lin
  • we'll need to let go of some familiar convictions. Left-leaning observers may continue to think that stagnating incomes can be improved with better education and equality of opportunity. Conservatives will continue to insist that people without jobs are lazy bums who shouldn't be coddled. They'll both be wrong.
  • Corporate executives should worry too. For a while, everything will seem great for them: Falling labor costs will produce heftier profits and bigger bonuses. But then it will all come crashing down. After all, robots might be able to produce goods and services, but they can't consume them
  • we'll probably have only a few options open to us. The simplest, because it's relatively familiar, is to tax capital at high rates and use the money to support displaced workers. In other words, as The Economist's Ryan Avent puts it, "redistribution, and a lot of it."
  • would we be happy in a society that offers real work to a dwindling few and bread and circuses for the rest?
  • The next step might be passenger vehicles on fixed routes, like airport shuttles. Then long-haul trucks. Then buses and taxis. There are 2.5 million workers who drive trucks, buses, and taxis for a living, and there's a good chance that, one by one, all of them will be displaced
  •  economist Noah Smith suggests that we might have to fundamentally change the way we think about how we share economic growth. Right now, he points out, everyone is born with an endowment of labor by virtue of having a body and a brain that can be traded for income. But what to do when that endowment is worth a fraction of what it is today? Smith's suggestion: "Why not also an endowment of capital? What if, when each citizen turns 18, the government bought him or her a diversified portfolio of equity?"
  • In simple terms, if owners of capital are capturing an increasing fraction of national income, then that capital needs to be shared more widely if we want to maintain a middle-class society.
  • it's time to start thinking about our automated future in earnest. The history of mass economic displacement isn't encouraging—fascists in the '20s, Nazis in the '30s—and recent high levels of unemployment in Greece and Italy have already produced rioting in the streets and larger followings for right-wing populist parties. And that's after only a few years of misery.
  • When the robot revolution finally starts to happen, it's going to happen fast, and it's going to turn our world upside down. It's easy to joke about our future robot overlords—R2-D2 or the Terminator?—but the challenge that machine intelligence presents really isn't science fiction anymore. Like Lake Michigan with an inch of water in it, it's happening around us right now even if it's hard to see
  • A robotic paradise of leisure and contemplation eventually awaits us, but we have a long and dimly lit tunnel to navigate before we get there.
Javier E

Studying Impact of 'Superstorm' on California - NYTimes.com - 0 views

  • California faces the risk not just of devastating earthquakes but also of a catastrophic storm that could tear at the coasts, inundate the Central Valley and cause four to five times as much economic damage as a large quake, scientists and emergency planners warn.
  • such a storm could cause up to $300 billion in damage. The scientists’ models estimate that almost one-fourth of the houses in California could experience some flood damage from one.
  • 150 years ago, over a few weeks in the winter of 1861-62, enough rain fell to inundate a stretch of the Central Valley 300 miles long and 20 miles wide, from north of Sacramento south to Bakersfield, near the eastern desert. The storms lasted 45 days, creating lakes in parts of the Mojave Desert and, according to a survey account, “turning the Sacramento Valley into an inland sea, forcing the state capital to be moved from Sacramento to San Francisco for a time, and requiring Gov. Leland Stanford to take a rowboat to his inauguration.”
Javier E

How Uber Is Changing Night Life in Los Angeles - NYTimes.com - 0 views

  • “It became very clear to me that I could use Uber and have the kind of life I wanted,” he said. “I feel like I found a way to take the best parts of my New York lifestyle, and incorporate them in L.A.”
  • Mr. O’Connell is part of a growing contingent of urbanites who have made Ubering (it’s as much a verb as “Googling”) an indispensable part of their day and especially their night life. Untethered from their vehicles, Angelenos are suddenly free to drink, party and walk places.
  • If you’re going to go to a party, you either don’t drink or you Uber there and Uber back, and problem solved.”
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  • “Before Uber was a thing, I would rarely go to Hollywood,” said Drew Heitzler, an artist who lives in Venice, a potentially treacherous drive away. “The prospect of going to Hollywood on a weekend night, if I was invited to a party or an art event, it just wouldn’t happen. I would just stay home.”
  • Taxis here were often unreliable, he added, but ride shares are always just a swipe away.
  • “There’s a lot of New Yorkers here, and they’re saying it’s almost like New York.”
  • Once, only the privileged few, the studio bosses and pampered starlets, could afford to have a chauffeur and a waiting car to transport them around sprawling Los Angeles. Now anyone with a credit card can enjoy that freedom.
  • “Uber and Lyft have made it much more affordable, and encouraged people to venture out of their neighborhoods, and to explore.”
  • That is especially true of downtown Los Angeles, which is enjoying the double whammy of a recent cultural resurgence — partly bolstered by the Ace, which opened its hotel and performance space in a historic 1920s movie palace in January — and the car services that deliver once-reluctant visitors. Along with Santa Monica and West Hollywood, it is the area with the highest ridership, according to an Uber representative, though the company refused to release specific figures.
  • A night out in Los Angeles used to involve negotiating parking, beating traffic and picking a designated driver. Excursions from one end to the other — say, from the oceanfront city of Santa Monica to the trendy Silver Lake neighborhood on the eastern side — had to be planned and timed with military precision, lest they spiral into a three-hour commute. More often than not, they were simply avoided.
  • Grand Central Market, a food hall from 1917, has lately turned Smorgasburg-y; on weekends, preppily dressed crowds wait patiently for sandwiches from Eggslut. Outside, the street is blocked off for pedestrians, with cafe tables and umbrellas, and nearby is a linger-worthy bookstore and a retro barbershop with shuffleboard. Along Broadway, between discount stores and pupusa stands, are boutiques like OAK NYC and Acne Studios, the Swedish fashion label that opened a giant store there this fall.
  • “I find myself going down there a lot and taking friends that are coming to visit, because there’s so much cool stuff to do,” s
  • Ride sharing, some analysts say, has become a viable alternative to owning a car: between the cost of gas, insurance, garages and valet tips, it’s often more economical to get a lift in a professional’s Toyota than to drive solo in your own, and that’s without factoring in the mental cost of sitting in gridlock on Interstate 405.
  • A short ride through downtown in UberX, the company’s lower-priced service, introduced here last spring, can cost as little as $4, while parking lots charge $5 for 15 minutes.
  • In a nod to the city’s continued obsession with the status ride, the company recently implemented, in Los Angeles and Orange County only, UberPlus, with a fleet of BMWs and other luxury vehicles. Even with ride shares, what you pull up in matters.
Javier E

Walmart's Visible Hand - NYTimes.com - 0 views

  • Conservatives — with the backing, I have to admit, of many economists — normally argue that the market for labor is like the market for anything else. The law of supply and demand, they say, determines the level of wages, and the invisible hand of the market will punish anyone who tries to defy this law.
  • Specifically, this view implies that any attempt to push up wages will either fail or have bad consequences. Setting a minimum wage, it’s claimed, will reduce employment and create a labor surplus, the same way attempts to put floors under the prices of agricultural commodities used to lead to butter mountains, wine lakes and so on
  • Pressuring employers to pay more, or encouraging workers to organize into unions, will have the same effect.
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  • But labor economists have long questioned this view
  • the labor force — is people. And because workers are people, wages are not, in fact, like the price of butter, and how much workers are paid depends as much on social forces and political power as it does on simple supply and demand.
  • What’s the evidence? First, there is what actually happens when minimum wages are increased. Many states set minimum wages above the federal level, and we can look at what happens when a state raises its minimum while neighboring states do no
  • the overwhelming conclusion from studying these natural experiments is that moderate increases in the minimum wage have little or no negative effect on employment.
  • Then there’s history. It turns out that the middle-class society we used to have didn’t evolve as a result of impersonal market forces — it was created by political action, and in a brief period of time
  • America was still a very unequal society in 1940, but by 1950 it had been transformed by a dramatic reduction in income disparities, which the economists Claudia Goldin and Robert Margo labeled the Great Compression.
  • How did that happen?
  • Part of the answer is direct government intervention, especially during World War II, when government wage-setting authority was used to narrow gaps between the best paid and the worst paid. Part of it, surely, was a sharp increase in unionization. Part of it was the full-employment economy of the war years, which created very strong demand for workers and empowered them to seek higher pay.
  • the Great Compression didn’t go away as soon as the war was over. Instead, full employment and pro-worker politics changed pay norms, and a strong middle class endured for more than a generation. Oh, and the decades after the war were also marked by unprecedented economic growth.
  • Walmart is under political pressure over wages so low that a substantial number of employees are on food stamps and Medicaid. Meanwhile, workers are gaining clout thanks to an improving labor market, reflected in increasing willingness to quit bad jobs.
  • its justification for the move echoes what critics of its low-wage policy have been saying for years: Paying workers better will lead to reduced turnover, better morale and higher productivity.
  • What this means, in turn, is that engineering a significant pay raise for tens of millions of Americans would almost surely be much easier than conventional wisdom suggests. Raise minimum wages by a substantial amount; make it easier for workers to organize, increasing their bargaining power; direct monetary and fiscal policy toward full employment, as opposed to keeping the economy depressed out of fear that we’ll suddenly turn into Weimar Germany. It’s not a hard list to implement — and if we did these things we could make major strides back toward the kind of society most of us want to live in.
  • The point is that extreme inequality and the falling fortunes of America’s workers are a choice, not a destiny imposed by the gods of the market. And we can change that choice if we want to.
qkirkpatrick

The Secret Casualties of Iraq's Abandoned Chemical Weapons - NYTimes.com - 0 views

  • It was August 2008 near Taji, Iraq. They had just exploded a stack of old Iraqi artillery shells buried beside a murky lake. The blast, part of an effort to destroy munitions that could be used in makeshift bombs, uncovered more shells.
  • In all, American troops secretly reported finding roughly 5,000 chemical warheads, shells or aviation bombs, according to interviews with dozens of participants, Iraqi and American officials, and heavily redacted intelligence documents obtained under the Freedom of Information Act.
  • From 2004 to 2011, American and American-trained Iraqi troops repeatedly encountered, and on at least six occasions were wounded by, chemical weapons remaining from years earlier in Saddam Hussein’s rule.
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  • He lifted a shell. Oily paste oozed from a crack. “That doesn’t look like pond water,” said his team leader, Staff Sgt. Eric J. Duling. The specialist swabbed the shell with chemical detection paper. It turned red — indicating sulfur mustard, the chemical warfare agent designed to burn a victim’s airway, skin and eyes.
  • more than 2,400 nerve-agent rockets unearthed in 2006 at a former Republican Guard compound.
  • In late 2005 and early 2006, soldiers collected more than 440 Borak 122-millimeter chemical rockets near Amara, in southeastern Iraq. And in the first nine months of 2006, the American military recovered roughly 700 chemical warheads and shells, according to data obtained under the Freedom of Information Act.
Grace Gannon

Oklahoma cases solved: DNA tests used. - 0 views

  •  
    Developments in the field of DNA research and technology have resulted in an overall greater understanding of the truth of the past. Human remains of six people who died in 2013 were tested for DNA and have effectively been identified. These technological and scientific advancements allow us to have a more complete, truthful understanding of the past.
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