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Javier E

Rising Seas Threaten an American Institution: The 30-Year Mortgage - The New York Times - 0 views

  • Home buyers are increasingly using mortgages that make it easier for them to stop making their monthly payments and walk away from the loan if the home floods or becomes unsellable or unlivable.
  • More banks are getting buyers in coastal areas to make bigger down payments — often as much as 40 percent of the purchase price, up from the traditional 20 percent — a sign that lenders have awakened to climate dangers and want to put less of their own money at risk.
  • And in one of the clearest signs that banks are worried about global warming, they are increasingly getting these mortgages off their own books by selling them to government-backed buyers like Fannie Mae, where taxpayers would be on the hook financially if any of the loans fail.
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  • “Conventional mortgages have survived many financial crises, but they may not survive the climate crisis,” said Jesse Keenan, an associate professor at Tulane University. “This trend also reflects a systematic financial risk for banks and the U.S. taxpayers who ultimately foot the bill.”
  • The question that matters, according to researchers, isn’t whether the effects of climate change will start to ripple through the housing market. Rather, it’s how fast those effects will occur and what they will look like.
  • It’s not only along the nation’s rivers and coasts where climate-induced risk has started to push down home prices. In parts of the West, the growing danger of wildfires is already making it harder for homeowners to get insurance.
  • as the world warms, that long-term nature of conventional mortgages might not be as desirable as it once was, as rising seas and worsening storms threaten to make some land uninhabitable. A retreat from the 30-year mortgage could also put homeownership out of reach for more Americans.
  • It could also be one of the most economically significant. During the 2008 financial crisis, a decline in home values helped cripple the financial system and pushed almost 9 million Americans out of work.
  • In 2016, Freddie Mac’s chief economist at the time, Sean Becketti, warned that losses from flooding both inland and along the coasts are “likely to be greater in total than those experienced in the housing crisis and the Great Recession.”
  • If climate change makes coastal homes uninsurable, Dr. Becketti wrote, their value could fall to nothing, and unlike the 2008 financial crisis, “homeowners will have no expectation that the values of their homes will ever recover.”
  • In 30 years from now, if global-warming emissions follow their current trajectory, almost half a million existing homes will be on land that floods at least once a year,
  • Those homes are valued at $241 billion.
  • new research shows banks rapidly shifting mortgages with flood risk off their books and over to organizations like Fannie Mae and Freddie Mac, government-sponsored entities whose debts are backed by taxpayers
  • the lenders selling off coastal mortgages the fastest are smaller local banks, which are more likely than large national banks to know which neighborhoods face the greatest climate risk.
  • In 2009, local banks sold off 43 percent of their mortgages in vulnerable zones, Dr. Keenan and Mr. Bradt found, about the same share as other areas. But by 2017, the share had jumped by one-third, to 57 percent, despite staying flat in less vulnerable neighborhoods.
  • Dr. Keenan found banks protecting themselves in other ways, such as lending less money to home buyers in vulnerable areas, relative to the value of the homes.
  • a growing share of mortgages had required down payments between 21 percent and 40 percent — what Dr. Keenan called nonconventional loans.
  • flood insurance isn’t likely to address the problem, Dr. Keenan said, because it doesn’t protect against the risk of a house losing value and ultimately becoming unsellable.
  • More homeowners are also taking out a type of mortgage that is less financially painful for a borrower to walk away from if a home becomes uninhabitable because of rising seas. These are known as interest-only mortgages — the monthly payment covers only the interest on the loan, and doesn’t reduce the principal owed.
  • It’s a loan you can never pay off with the regular monthly payments. However, it also means buyers aren’t sinking any more of their own money into the property beyond a down payment. That’s an advantage if you think the property may become unlivable.
  • he share of homes with fixed-rate, 30-year mortgages has declined sharply — to less than 80 percent, as of 2016 — in areas most exposed to storm surge
  • More than 10 percent of homeowners in those areas had interest-only loans in 2016, compared with just 2.3 percent in other ZIP Codes.
  • “What happens when the water starts lapping at these properties, and they get abandoned?” she said.
Javier E

Society Has Become More Unequal Since Milton Friedman's Day - The New York Times - 0 views

  • Fifty years ago, the economist Milton Friedman warned in his seminal essay, “The Social Responsibility of Business Is to Increase Its Profits,” that corporate executives would undermine the “basis of a free society” if they acted as if “business has a ‘social conscience’ and takes seriously its responsibilities for providing employment, eliminating discrimination, avoiding pollution and whatever else may be the watchwords of the contemporary crop of reformers.”
  • Instead of operating in a manner that treated all stakeholders fairly, Mr. Friedman argued, every corporation should seek solely to “increase its profits within the rules of the game.”
  • Not only that, Mr. Friedman sought to weaken the rules of the game by opposing basic civil rights legislation, unions, the minimum wage and other measures that protected workers, Black people, and the environment.
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  • Mr. Friedman’s cramped vision enhanced the power of the stock market and silenced the voice of workers, leading to profound inequality.
  • Mr. Friedman’s adherents gained influence in government and the business community. At the same time as Mr. Friedman’s adherents disparaged government’s role, they sought enormous tax subsidies, greatly reducing the share of taxes that corporations paid.
  • The promise of vital legislative protections against the excesses of unconstrained capitalism — including the National Labor Relations Act, minimum wage laws, the Clean Air Act, the Clean Water Act, antitrust regulations and consumer safety laws, to name a few — were undercut by two generations of ceaseless attack.
  • The concerns Mr. Friedman lampooned as obsessions of the “contemporary crop of reformers” in 1970 remain urgent problems
  • As would be expected when business leaders were told not to worry about “providing employment,” wages stagnated and inequality grew.
  • In the past 50 years, instead of gains for stockholders and top management tracking gains for workers — as characterized by the period when Mr. Friedman wrote — the returns of our capitalist system have become skewed toward the haves.
  • From 1948 to 1979, worker productivity grew by 108.1 percent and wages grew by 93.2 percent, with the stock market growing by 603 percent.
  • By contrast, from 1979 to 2018, worker productivity rose by 69.6 percent, but the wealth created by these productivity gains went predominately to executives and stockholders. Worker pay rose by only 11.6 percent during this period, while compensation for chief executives grew by an enormous 940 percent and the stock market grew by 2,200 percent.
  • As would be expected when corporate leaders were told not to worry about “eliminating discrimination,” corporate political spending was used to help seat elected officials who opposed measures designed to reduce racial disparities in education, pay and wealth, and to support gerrymandering and voter suppression efforts.
  • As would be expected when corporations were told not to worry about “avoiding pollution,” they used their muscle to undermine environmental protection and to conceal the dangers of climate change
  • the entire future of humanity is now at risk.
  • To reverse the Friedman paradigm, companies should embrace an affirmative duty to stakeholders and society. This requires tangible, publicly articulated goals, such as paying living wages to their workers, respecting workers’ right to join a union, promoting racial and gender inclusion and pay equity, enhancing safety protocols, and reducing carbon emissions
  • In doing so, corporate leaders will also set an example that institutional investors should be required to follow in their own investing and voting policies.
  • But adopting a stakeholder-centric governance model is only half the battle. Business leaders must support the restoration of fair rules of the game by government; respect the need for strong and resilient public institutions to govern a complex society; pay their fair share of taxes; and stop using corporate funds to distort our nation’s political process
  • Mr. Friedman wrote the influential essay at a time when economic security was strong, as the New Deal’s principles produced widespread prosperity, reduced poverty and helped Black Americans take their first real strides toward economic inclusion
  • Since then, the United States has gone backward in economic equality and security — a situation that the Covid-19 pandemic has exposed for all to see
  • America’s business community should heed these lessons of history and help restore the ideals of fairness, equality and economic common sense that showed that a capitalist economy could work for the many.
martinelligi

Climate Disruption Is Now Locked In. The Next Moves Will Be Crucial. - The New York Times - 0 views

  • Decades of growing crisis are already locked into the global ecosystem and cannot be reversed
  • “It’s as if we’ve been smoking a pack of cigarettes a day for decades” and the world is now feeling the effects, said Katharine Hayhoe, a climate scientist at Texas Tech University. But, she said, “we’re not dead yet.”
  • Don’t think of it as the warmest month of August in California in the last century,” he wrote. “Think of it as one of the coolest months of August in California in the next century.
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  • “It’s not that it’s out of our control. The whole thing is in our control.”
  • “There’s often been this arrogant assumption that wealth provides protection.”
  • “The human capacity for adaptation is extraordinary — not unlimited, but extraordinary,” said Greg Garrard, professor of environmental humanities at the University of British Columbia. He added, “I’m much more concerned for the future of the nonhuman than I am for the future of humans, precisely because we’re just very, very good at adaptation.
  • “We’ve often heard the argument that it will be too expensive to cut emissions and it will just be easier to adapt,” said Noah Diffenbaugh, a climate scientist at Stanford University. But we’ve now had decades of warnings, he said, “and we’re not even adapted to the present climate.
  • also noted that climate change is an accelerant of inequality. Those most affected, globally and in the United States, tend to be the most vulnerable populations. Many are also among the people at highest risk for Covid-19.
  • “So how do we manage these risks so that it’s not just people with resources who stay safe?
  • climate change’s biggest problem may be the sense that it is beyond our control.
Javier E

'Woke' American Ideas Are a Threat, French Leaders Say - The New York Times - 0 views

  • French politicians, high-profile intellectuals and journalists are warning that progressive American ideas — specifically on race, gender, post-colonialism — are undermining their society. “There’s a battle to wage against an intellectual matrix from American universities,’’ warned Mr. Macron’s education minister.
  • prominent intellectuals have banded together against what they regard as contamination by the out-of-control woke leftism of American campuses and its attendant cancel culture.
  • Pitted against them is a younger, more diverse guard that considers these theories as tools to understanding the willful blind spots of an increasingly diverse nation that still recoils at the mention of race, has yet to come to terms with its colonial past and often waves away the concerns of minorities as identity politics.
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  • The publication this month of a book critical of racial studies by two veteran social scientists, Stéphane Beaud and Gérard Noiriel, fueled criticism from younger scholars — and has received extensive news coverage
  • “I was pleasantly astonished,’’ said Nathalie Heinich, a sociologist who last month helped create an organization against “decolonialism and identity politics.’’ Made up of established figures, many retired, the group has issued warnings about American-inspired social theories in major publications like Le Point and Le Figaro.
  • With its echoes of the American culture wars, the battle began inside French universities but is being played out increasingly in the media
  • Politicians have been weighing in more and more, especially following a turbulent year during which a series of events called into question tenets of French society.
  • In some ways, it is a proxy fight over some of the most combustible issues in French society, including national identity and the sharing of power. In a nation where intellectuals still hold sway, the stakes are high.
  • last year’s developments came on top of activism that brought foreign disputes over cultural appropriation and blackface to French universities. At the Sorbonne, activists prevented the staging of a play by Aeschylus to protest the wearing of masks and dark makeup by white actors; elsewhere, some well-known speakers were disinvited following student pressure.
  • “It was a series of incidents that was extremely traumatic to our community and that all fell under what is called cancel culture,’’
  • “It’s the sign of a small, frightened republic, declining, provincializing, but which in the past and to this day believes in its universal mission and which thus seeks those responsible for its decline,’
  • France has long laid claim to a national identity, based on a common culture, fundamental rights and core values like equality and liberty, rejecting diversity and multiculturalism. The French often see the United States as a fractious society at war with itself.
  • “It’s an entire global world of ideas that circulates,’’ she said. “It just happens that campuses that are the most cosmopolitan and most globalized at this point in history are the American ones.’’
  • Three Islamist attacks last fall served as a reminder that terrorism remains a threat in France. They also focused attention on another hot-button field of research: Islamophobia, which examines how hostility toward Islam in France, rooted in its colonial experience in the Muslim world, continues to shape the lives of French Muslims.
  • Abdellali Hajjat, an expert on Islamophobia, said that it became increasingly difficult to focus on his subject after 2015, when devastating terror attacks hit Paris. Government funding for research dried up. Researchers on the subject were accused of being apologists for Islamists and even terrorists.
  • A signatory, Gilles Kepel, an expert on Islam, said that American influence had led to “a sort of prohibition in universities to think about the phenomenon of political Islam in the name of a leftist ideology that considers it the religion of the underprivileged.’’
  • Mr. Taguieff said in an email that researchers of race, Islamophobia and post-colonialism were motivated by a “hatred of the West, as a white civilization.’’
  • “The common agenda of these enemies of European civilization can be summed up in three words: decolonize, demasculate, de-Europeanize,’’ Mr. Taguieff said. “Straight white male — that’s the culprit to condemn and the enemy to eliminate.”
  • Behind the attacks on American universities — led by aging white male intellectuals — lie the tensions in a society where power appears to be up for grabs, said Éric Fassin, a sociologist who was one of the first scholars to focus on race and racism in France, about 15 years ago.
  • the emergence of young intellectuals — some Black or Muslim — has fueled the assault on what Mr. Fassin calls the “American boogeyman.’’
  • “That’s what has turned things upside down,’’ he said. “They’re not just the objects we speak of, but they’re also the subjects who are talking.’’
Javier E

Mini Nuclear Reactors Offer Promise of Cheaper, Clean Power - WSJ - 0 views

  • Next-generation nuclear must overcome public wariness of the technology engendered by the terrifying mishaps at Three Mile Island, Chernobyl and, most recently, Fukushima. Then there is the challenge of making a compelling case for nuclear power as the cost of electricity from natural gas, wind and solar is plunging.
  • Rather than offering up SMRs as a replacement for renewables, proponents of the devices say they can play a complementary role in the smart grid of the future—replacing coal- and gas-fired plants and operating alongside wind and solar
  • Most utilities rely on a variety of electricity sources, with differing costs, emissions and capacity to provide the constant flow that power grids need for stability, says Tom Mundy, chief technology officer at SMR developer NuScale Power LLC. “Our technology is a great complement to renewable power systems,”
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  • The U.S. government is lending its support to SMR development. In September, the Nuclear Regulatory Commission for the first time issued a final safety evaluation report on a SMR—a critical step before a design can be approved—to NuScale
  • is developing its first commercial SMR for utilities in Utah and promising power by the end of the decade.
  • the Energy Department awarded $210 million to 10 projects to develop technologies for SMRs and beyond, as part of its Advanced Reactor Demonstration Program. The agency had already awarded $400 million to various projects since 2014 “to accelerate the development and deployment of SMRs,
  • . Potential buyers range from U.S. utilities trying to phase out coal-fired generators to Eastern European countries seeking energy independence.
  • GE’s second offering, a system now in development with nuclear startup TerraPower LLC, replaces water with molten salt, similar to what’s used in some advanced solar-power arrays. Dubbed Natrium, the system runs hotter than water-cooled reactors but at lower pressure and with passive cooling, which eliminates piping and electrical systems while improving safety, according to TerraPower CEO Chris Levesque.
  • “When you have a really elegant design, you can get multiple benefits working together,” Mr. Levesque says. TerraPower, established by investors including Bill Gates, received $80 million of the Energy Department funding for Natrium in October.
  • Greenpeace, the Union of Concerned Scientists and other advocacy groups argue that nuclear power remains a dangerous technological dead-end that causes as many problems as it solves.
  • Traditional reactors grew over time to achieve greater efficiencies of scale and lower cost per kilowatt-hour because power output rose faster than construction and operating costs. “There’s no reason that’s changed,” he says, dismissing SMR makers’ promises of lower costs and increased safety
  • Many proposed SMR expense reductions, such as less shielding, could ultimately increase their danger, while the combined use of several modules could create new safety risks like radioactive contamination that negate gains in individual modules, he says.
  • Mr. Ramana also says that the technological advances like 3-D printing and digital manufacturing that make SMRs possible are doing even more to improve green renewables. “It’s a kind of treadmill race, where one treadmill is going much faster.”
  • although SMRs have lower upfront capital cost per unit, their economic competitiveness is still to be proven.”
Javier E

How Joe Biden got greener - The Washington Post - 0 views

  • This spring, with the Democratic nomination locked up, Biden’s campaign faced an imperative challenge: to demonstrate to the liberal wing of the party — including skeptical environmental activists — that he was their guy, that he understood the urgency of the problem and that he would craft a transformative plan to meet the moment.
  • The result was a more aggressive and extensive plan that called for the elimination of carbon pollution from the electric sector by 2035, rejoining the international Paris climate accord and spending $2 trillion over four years to boost renewables and create incentives for more energy-efficient cars, homes and commercial buildings.
  • Biden has framed his climate plan as a jobs program, making clear that he is prepared to pour unprecedented resources into transitioning the United States away from fossil fuels as part of the effort to boost an economy battered by the pandemic.
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  • The American Petroleum Institute, which represents the oil and gas industry, says Biden’s plan to boost renewable energy will hasten the decline of union jobs as their businesses reel from the coronavirus pandemic.
  • poll conducted last summer by The Washington Post and the Kaiser Family Foundation (KFF) found that a growing number of Americans describe climate change as a crisis, and two-thirds said Trump is doing too little to tackle the problem. The poll found that about 8 in 10 Americans say human activity is fueling climate change, and roughly half believe action is urgently needed to avert its worst effects.
  • n May, a KFF poll found ­that 33 percent of registered voters nationally said climate change is “very important” in their vote — down 10 percentage points from when the group asked the same question in February. Respondents said the economy, health care, the coronavirus pandemic, taxes and immigration were more important.
  • “The campaign is trying to reconcile a combination of demands that no political candidate for president to date has been able to successfully navigate,” said Jason Grumet, president of the Bipartisan Policy Center. “All [Biden] needs to do is blend the ambition of progressives and scientists with the pragmatism of organized labor, the energy industry and moderate Republicans. That’s no easy task.”
  • The new Biden plan includes a commitment to invest 40 percent of the clean energy money in historically disadvantaged communities — prompting Martinez to call it “the most innovative and bold plan in a presidential campaign that we’ve seen from an environmental justice standpoint.”
  • Biden “recognized this as a unique moment, when you could combine the economic benefit of clean energy with the environmental benefits,” Inslee said in an interview. “He had internalized that. It wasn’t just a talking point.”
  • The Sanders camp did secure one big win: A commitment to eliminate carbon emissions from power plants on an accelerated 15-year timeline.
  • “Everybody knows that Joe Biden can do a whole bunch of talking. But what he did do was that he also listened,” she said. “We needed that. We needed someone to listen.”
Javier E

Opinion | Our 'Pursuit of Happiness' Is Killing the Planet - The New York Times - 0 views

  • it’s unlikely the world will be able to get to net-zero without serious changes in personal behavior. The Green New Deal also mandates “sustainable farming,” which usually includes reductions in methane emissions from livestock, while the Dutch law takes aim at ham through limits to pork production.
  • In a brilliant, now largely forgotten, lecture delivered in 1819, Constant wrote that the democrats of Greece and Rome, like the revolutionaries of his own day, “admitted as compatible with this collective freedom the complete subjection of the individual to the authority of the community.” By contrast, Constant wrote, “the aim of the moderns is the enjoyment of security in private pleasures, and they call liberty the guarantees accorded by institutions to those pleasures.”
  • Constant wasn’t thinking of Marie Antoinette’s right to play at shepherdess while her subjects starved, but the right to open a shop and build yourself a home rather than be drafted into Napoleon’s army spreading republicanism across the face of Europe. We moderns build institutions, and establish tacit norms, to guarantee the security of such private pleasures. That’s liberal individualism
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  • what do we do once we see that some of those choices threaten the health and lives of others? We will have to strike a new equilibrium between what society has the right to demand of us and what we have a right to retain for ourselves.
  • Liberal societies, in short, have always faced the problem of secondhand smoke, but what once was exceptional has now become endemic. One man’s meat is another man’s poison
  • Can we forge a new equilibrium before Miami is under water? I would like to think we’ll do so as part of a larger process of democratic deliberation. The Green New Deal envisions a 10-year phase of “transparent and inclusive consultation,” which sounds just about right.
  • The Dutch can reach consensus on painful social questions because they’ve spent the last thousand years working cooperatively to build dikes; the climate accord adopted last year came after a full year of discussion among representatives of all interest groups.
  • That’s not how American democracy works, and especially so in recent years. We allow those interest groups to wage a pitched battle using all the money and influence they can muster against one another. Legislation emerges only after a war of attrition.
  • just maybe we’ll rise to the occasion: With the flood upon us, we, too, will learn how to build dikes together.
Javier E

Japan's Coronavirus Numbers Are Low. Are Masks the Reason? - The New York Times - 0 views

  • As Japan has confounded the world by avoiding the sort of mass death from coronavirus seen in the United States, I began to wonder whether the cultural affinity for masks helped explain some of this success.
  • now a convert, especially since Tokyo was placed under a state of emergency in mid-April. I bought handmade cloth face coverings from a Facebook friend in Okinawa. We wash them daily and line them with coffee filters. Even though the emergency declaration was lifted in late May, I still won’t let anyone in my family leave our apartment without putting on a mask.
  • In the early months of the pandemic, Japan seemed not to follow much of the conventional epidemiological wisdom, deliberately restricting testing and not ordering a lockdown.
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  • Yet a feared spike in cases and deaths has not materialized. Japan has reported more than 17,000 infections and just over 900 deaths, while the United States, with a population roughly two and a half times as large, is approaching 1.9 million cases and 110,000 deaths.
  • Japan, I think a lot of people agree, kind of did everything wrong, with poor social distancing, karaoke bars still open and public transit packed near the zone where the worst outbreaks were happening,” Jeremy Howard, a researcher at the University of San Francisco who has studied the use of masks, said of the country’s early response. “But the one thing that Japan did right was masks.”
  • one of Japan’s most visible responses has been near-universal mask wearing, seen here as a responsible thing to do to protect oneself and others, and as a small price to pay to be able to resume some semblance of normalcy.
  • Dr. Onishi said that early in the 20th century, the Japanese viewed masks as unattractive, but were persuaded to wear them during the 1918 flu pandemic. More recently, the Japanese public has used masks during the SARS and MERS outbreaks — which also left Japan relatively unscathed — as well as to protect against pollution and pollen.
  • During the current pandemic, scientists have found a correlation between high levels of mask-wearing — whether as a matter of culture or policy — and success in containing the virus.
  • “I think there is definitely evidence coming out of Covid that Japan, as well as other countries which practice mask-wearing, tend to do much better in flattening the curve,” said Akiko Iwasaki, a professor of immunobiology at Yale.
  • The scientific evidence on whether a mask protects the wearer from infection is mixed. But experiments show that masks can be effective in blocking the emission of respiratory droplets that may contain the virus, even when someone has no symptoms of illness. And there is some evidence that infected people with no symptoms can still transmit the coronavirus.
Javier E

Population panic lets rich people off the hook for the climate crisis they are fuelling | Population | The Guardian - 0 views

  • Next week the BirthStrike movement – founded by women who, by announcing their decision not to have children, seek to focus our minds on the horror of environmental collapse – will dissolve itself, because its cause has been hijacked so virulently and persistently by population obsessives. The founders explain that they had “underestimated the power of ‘overpopulation’ as a growing form of climate breakdown denial”.
  • It is true that, in some parts of the world, population growth is a major driver of particular kinds of ecological damage, such as the expansion of small-scale agriculture into rainforests, the bushmeat trade and local pressure on water and land for housing. But its global impact is much smaller than many people claim.
  • The formula for calculating people’s environmental footprint is simple, but widely misunderstood: Impact = Population x Affluence x Technology (I = PAT).
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  • The global rate of consumption growth, before the pandemic, was 3% a year. Population growth is 1%. Some people assume this means that the rise in population bears one-third of the responsibility for increased consumption
  • But population growth is overwhelmingly concentrated among the world’s poorest people, who have scarcely any A or T to multiply their P. The extra resource use and greenhouse gas emissions caused by a rising human population are a tiny fraction of the impact of consumption growth.
  • Yet it is widely used as a blanket explanation of environmental breakdown.
  • Panic about population growth enables the people most responsible for the impacts of rising consumption (the affluent) to blame those who are least responsible.
  • At this year’s World Economic Forum in Davos, the primatologist Dame Jane Goodall, who is a patron of the charity Population Matters, told the assembled pollutocrats, some of whom have ecological footprints thousands of times greater than the global average: “All these things we talk about wouldn’t be a problem if there was the size of population that there was 500 years ago.”
  • If we had the global population of 500 years ago (around 500 million), and if it were composed of average UK plane passengers, our environmental impact would probably be greater than that of the 7.8 billion alive today.
  • he proposed no mechanism by which her dream might come true. This could be the attraction. The very impotence of her call is reassuring to those who don’t want change. If the answer to environmental crisis is to wish other people away, we might as well give up and carry on consuming.
  • how do we distinguish proportionate concerns about these harms from deflection and racism? Well, we know that the strongest determinant of falling birth rates is female emancipation and education. The major obstacle to female empowerment is extreme poverty. Its effect is felt disproportionately by women.
  • Winston Churchill blamed the Bengal famine of 1943, that he helped to cause through the mass export of India’s rice, on the Indians “breeding like rabbits”. In 2013 Sir David Attenborough, also a patron of Population Matters, wrongly blamed famines in Ethiopia on “too many people for too little land”, and suggested that sending food aid was counter-productive.
  • Malthusianism slides easily into racism.
  • Most of the world’s population growth is happening in the poorest countries, where most people are black or brown. The colonial powers justified their atrocities by fomenting a moral panic about “barbaric”, “degenerate” people “outbreeding” the “superior races”
  • These claims have been revived today by the far right, who promote conspiracy theories about “white replacement” and “white genocide”. When affluent white people wrongly transfer the blame for their environmental impacts on to the birthrate of much poorer brown and black people, their finger-pointing reinforces these narratives. It is inherently racist.
  • The far right now uses the population argument to contest immigration into the US and the UK
  • Since the clergymen Joseph Townsend and Thomas Malthus wrote their tracts in the 18th century, poverty and hunger have been blamed not on starvation wages, war, misrule and wealth extraction by the rich, but on the reproduction rates of the poor.
  • So a good way of deciding whether someone’s population concerns are genuine is to look at their record of campaigning against structural poverty.
  • Have they contested the impossible debts poor nations are required to pay? Have they argued against corporate tax avoidance, or extractive industries that drain wealth from poorer countries, leaving almost nothing behind
  • Or have they simply sat and watched as people remain locked in poverty, then complained about their fertility?
  • Before long, this reproductive panic will disappear. Nations will soon be fighting over immigrants: not to exclude them, but to attract them, as the demographic transition leaves their ageing populations with a shrinking tax base and a dearth of key workers.
hannahcarter11

Boris Johnson, Seen as a Trump Ally, Signals Alignment With Biden - The New York Times - 0 views

  • Prime Minister Boris Johnson rolled out ambitious, back-to-back initiatives on military spending and climate change this week, which have little in common except that both are likely to please a very important new person in Mr. Johnson’s life: President-elect Joseph R. Biden Jr.
  • The prime minister, whom President Trump has embraced as a like-minded populist, is eager to show he can work with the incoming president as well as he did with the outgoing one.
  • That is important, analysts said, because Brexit will deprive Britain of what had historically been one of its greatest assets to the United States: serving as an Anglophone bridge to the leaders of continental Europe.
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  • Mr. Biden has pledged to reinvigorate America’s climate policy by swiftly rejoining the Paris climate accord. Analysts said he would also try to heal strains in the NATO alliance, which has been under relentless attack by Mr. Trump, who has accused other members of not paying their fair share of its costs.
  • Mr. Johnson cast his initiatives as gestures of support to allies, even at a time when the pandemic has busted public finances.
  • “Britain must be true to our history, to stand alongside our allies, sharing the burden, and bringing our expertise to bear on the world’s toughest problems,” Mr. Johnson said in introducing the defense spending plan to the House of Commons.
  • the Biden team will look favorably on this announcement because Biden will be as sensitive as Trump was, and Obama was, to the willingness of allies to shoulder more of the burden.”
  • Mr. Johnson has yet to deliver on another challenge that would please Mr. Biden: a trade agreement with the European Union. Mr. Biden has already voiced concern to Mr. Johnson that if the negotiations go awry, it could jeopardize the Good Friday Accord, which ended decades of sectarian violence in Northern Ireland.
  • The defense budget, Mr. Johnson claimed, will be the largest expansion of military spending since the Cold War: an increase of 24.1 billion pounds ($31.9 billion) over the next four years. That is nearly triple the increases his Conservative Party promised in its policy manifesto during the 2019 election.
  • The climate package, which claims to do nothing less than ignite a “green industrial revolution,” sets a goal of making Britain a net zero emitter of carbon dioxide by 2050. It would change the way people heat their homes and invest in alternative energy sources, in addition to banning the sale of new fossil fuel-powered vehicles by 2030.
  • The climate package lacked the levels of investment pledged by Germany and France to reach their emissions-reduction targets. The military budget contained no information on what the money would be spent on; that is to be decided by a review of foreign, defense, security and development policy that will concluded early next year.
  • Mr. Biden’s defeat of Mr. Trump has radically reshaped the landscape for Mr. Johnson, confronting him with an American leader who opposed Brexit and is unlikely to make an Anglo-American trade agreement a priority, as the pro-Brexit Mr. Trump did.
  • Britain’s emphasis on defense, Mr. Fraser said, plays up a competitive advantage over France and Germany. Both spend proportionately less on their militaries and are not as closely integrated in security matters with the United States.
  • Britain confirmed the creation of a National Cyber Force, a joint venture of the Defense Ministry and GCHQ, the electronic surveillance agency.
  • Still, as several experts noted, Mr. Johnson’s bid to be useful to Mr. Biden will mean far less if Britain fails to strike a trade deal with Brussels. A yearlong transition period is set to expire on Jan. 1, and economists warn that not having a new agreement to take its place would do serious harm.
ethanshilling

Arctic's Shift to a Warmer Climate Is 'Well Underway, Scientists Warn - The New York Times - 0 views

  • “There is no reason to think that in 30 years much of anything will be as it is today,” one of the editors of a new report on the Arctic climate said.
  • The Arctic continued its unwavering shift toward a new climate in 2020, as the effects of near-record warming surged across the region, shrinking ice and snow cover and fueling extreme wildfires, scientists said Tuesday in an annual assessment of the region.
  • This year the minimum extent of sea ice in the Arctic Ocean, reached at the end of the melt season in September, was the second-lowest in the satellite record, the scientists reported
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  • While the whole planet is warming because of emissions of heat-trapping gases through burning of fossil fuels and other human activity, the Arctic is heating up more than twice as quickly as other regions.
  • And perhaps most stunning, snow cover across the Eurasian Arctic reached a record low in June.
  • The amount of snow that fell across the Eurasian Arctic was actually above normal this year, said Lawrence Mudryk, a researcher with Environment and Climate Change Canada and lead author of the section on snow cover in the assessment. “Despite that, it was still warm enough that it melted faster and earlier than usual,” he said.
  • The warmth was pervasive across the Arctic. The average land temperature north of 60 degrees latitude, as measured from October 2019 through September, was 1.9 degrees Celsius, or 3.4 degrees Fahrenheit, above the baseline average for 1981-2010 and the second-highest in more than a century of record-keeping.
  • In recent years Arctic researchers have increasingly come to recognize that the region is moving from a climate that is characterized less by ice and snow and more by open water and rain.
  • The increasing dominance of younger, and thus generally thinner, ice has contributed to the reduction in sea-ice extent, Dr. Perovich said, since thinner ice is less likely to last through a single season.
delgadool

Calamities Challenge California's Economic Foundation - The New York Times - 0 views

  • The pandemic and wildfires have underscored issues of housing and growth. Will the disruptions and dislocations force the state to chart a new course?
  • Now California and its $3 trillion economy are confronting a profound question: How much will go back to normal, and how much has been permanently changed?
  • For decades, California has operated under a trade-off: In exchange for high taxes and a high cost of living, its companies reap the rewards of an educated populace, an inviting lifestyle and a culture of innovation.The events of 2020 have forced a closer look at the calculus.
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  • But between climate change and remote work, the state is facing questions that uniquely cut to the core of its economic identity.
  • f workers untethered from their offices flee the state, or companies start basing more high-paid workers elsewhere, it will have huge ramifications for California’s outlook
  • The median price for single-family homes and condos in the state is closing in on $600,000, according to the real estate site Zillow, more than twice the national level. The figure reflects a longstanding shortage that has also caused rising rents, crowded households and two-hour commutes used to offset the cost of living. Much more than taxes, the reason that companies move jobs out of the state is lower-priced housing and the lower labor costs that go with it.
  • Economists and planners have long counseled that the best way to relieve this pressure is to build more housing near the coastal job centers, but California has continued to sprawl, a pattern that has undermined the state’s own emission-reduction goals by encouraging longer commutes, while placing more homes in fire zones. In 2010, the last year with available data, nearly a third of California housing was in the so-called wildland-urban interface, where wildfire risk is greatest, according to the U.S. Forest Service.
  • This would seem like an easy enough mandate. After all, California has invested heavily in renewable energy, was the first state to mandate solar power in new homes, and is run by a governor who has spoken of a “a climate damn emergency” and recently signed an executive order banning sales of new gas-powered cars in 15 years.
  • Having a prosperous and growing economy ultimately means finding new ways to add jobs and homes. So California’s looming battles over climate change promise to be another round in a debate that predates statehood, which is how many people it really wants, and how much water will be required to sustain them.
  • A world that is warmer, drier and more crowded may not be the world they asked for, but they’ll still be looking for jobs, while coping with the world as it is.
Javier E

'Hijacked by anxiety': how climate dread is hindering climate action | Environmental activism | The Guardian - 0 views

  • They call it climate anxiety – a sense of dread, gloom and almost paralysing helplessness that is rising as we come to terms with the greatest existential challenge of our generation, or any generation.
  • an increasing number of psychologists believe the trauma that is a consequence of climate breakdown is also one of the biggest obstacles in the struggle to take action against rising greenhouse gas emissions
  • There is a growing sense that this trauma needs a therapeutic response to help people beyond paralysis and into action.
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  • anxiety may be the most rational response to the dizzying pace of the climate breakdown in 2020, but it is seldom the most helpful when it comes to affecting change on the scale needed to limit the unfolding crisis.
  • Hickman is part of the Climate Psychology Alliance, a coalition of psychologists working to help individuals and organisations address climate anxiety. The group is part of a growing chorus of voices advocating the use of psychological principles to help process the collective trauma of environmental breakdown and motivate action.
  • “When we look at this through the lens of individual and collective trauma, it changes everything about what we do and how we do it,”
  • “It helps us make sense of the variety of ways that people are responding to what’s going on, and the mechanisms and practices we need to come through this as whole as possible.”
  • anyone with a public voice has a responsibility to act as a guide, not as a doomsayer or cheerleader.
  • “We already know a lot about what the conditions are now that promote healing and promote working through trauma. It’s just that, for the most part, we haven’t yet applied that to a climate trauma context,”
  • the human psyche is hardwired to disengage from information or experiences that are overwhelmingly difficult or disturbing.
  • This is particularly true if an individual feels powerless to affect change. “For many of us, we’d literally rather not know because otherwise it creates such an acutely distressing experience for us as humans.
  • This makes communicating the reality of the climate crisis, and examining the complex societal structures behind it, a psychological dilemma with existential consequences
  • even among those who accept the dire predictions for the natural world, there are “micro-denials” that can block the ability to take action.
  • A mind intent on avoiding the stark reality of the climate crisis can slip into a defeated eco-nihilism or cling to the gung-ho optimism of a free-market “solutioneer”.
  • In this way, many are able to hold the idea of the climate crisis in mind, while continuing the behaviours that exacerbate it.
  • we have allowed ourselves to be hijacked by our own anxiety, our own urgency, our own recognition of the high stakes, such that it makes us tone deaf and blind to the human dimension of this story, which is that we all want to be heard and seen and respected and valued, and we all want to feel like we’re part of the solution. What we’re seeing right now is the impact of that.”
  • Hickman’s work in the UK includes psychological training for climate campaigners who want to get their messages across without triggering the defences that can cause people to shut down. The answer lies in a “ruthless compassion” – for ourselves and others – that acknowledges the extreme discomfort in confronting the crisis while still taking responsibility for the present,
  • “A measure of mental health is having the capacity to accurately emotionally respond to the reality in our world. So it’s not delusional to feel anxious or depressed. It’s mentally healthy,”
  • It gives rise to what she calls “radical hope”: a belief that meaningful action can make a difference, which is rooted in the reality of the crisis rather than a naive belief that it might not be as bad as we think
  • This “internal activism” can gently dismantle defences, while still demanding change, by acknowledging the desire to cling to our psychological defences and working around it
  • “We have to help people to navigate these feelings by increasing our emotional resilience and emotional intelligence. We need to talk around people’s defences. If their defences are triggered by what you’re saying you can forget it,” says Hickman. “They won’t hear you.”
anonymous

The EPA Refuses to Reduce Pollutants Linked to Coronavirus Deaths - ProPublica - 0 views

  • In April, as coronavirus cases multiplied across the country, the head of the U.S. Environmental Protection Agency rejected sc
  • ientists’ advice to tighten air pollution standards for particulate matter, or soot.
  • Particulate matter kills people. “It is responsible for more deaths and sickness than any other air pollutant in the world,” said Gretchen Goldman, a research director at the Union of Concerned Scientists.
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  • Firing the advisory panel and opting not to pursue a more stringent particulate standard were in keeping with the administration of President Donald Trump’s dim view of environmental regulation. By one tally compiled by The New York Times, 72 regulations on air, water and soil pollution, climate change and ecosystems have been canceled or weakened, with an additional 27 in progress. EPA leadership has sidelined or ignored research by agency scientists, and career staff are censoring their reports to avoid terms like “climate change” out of fear of repercussions from political staff. Many of the changes involve narrowing the scope of science, and scientists, that contribute to policy, experts said.
  • The pollution comes from cars, power plants, wildfires and anything that burns fossil fuels. When people take a breath, the particles can lodge deep into their lungs and even enter the bloodstream. The pollutant causes health complications that can lead people to die earlier than they would have, and it is linked to conditions such as COPD, asthma and diabetes.
  • Three weeks ago, the agency finalized another rule allowing certain polluters to follow weaker air emissions standards. Wheeler has said the environmental rollbacks will continue if Trump is reelected.
cartergramiak

Opinion | The New World Order That President Biden Will Inherit - The New York Times - 0 views

  • President-elect Joe Biden has signaled that he will move swiftly to restore dignity to the badly sullied image of the United States; respect for the professionals of America’s diplomatic, intelligence and military services; and a more predictable, nuanced and sympathetic approach to foreign relations.
  • At the same time, he will seek ways to revive the nuclear deal with Iran, and agree with Russia to extend the New START treaty on limiting strategic nuclear arms. Hopefully, Mr. Biden will terminate American support for Saudi Arabia’s terrible war in Yemen.
  • These are all welcome signs of America’s imminent return to a role in the world that better reflects our historical values.
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  • Whatever hold President Vladimir Putin may have had on Mr. Trump almost never translated into a lifting of sanctions, and Democrats are not likely to seek a reset with Russia. Mr. Trump’s bromance with Kim Jong-un did little to change the U.S. stance on North Korea. Mr. Trump’s approach to the Israeli-Palestinian conflict was decidedly one-sided, yet there had been no movement toward a two-state settlement in the years before Mr. Trump became president, and there is little indication that any such movement is imminent no matter who’s in the White House — or where the U.S. Embassy is.
  • In short, the world is not what it was in 2016, nor can it go back to the status quo ante. China is considerably more assertive, and countering Beijing’s aggressions while recognizing its legitimate demands and seeking its help in containing North Korea or reducing carbon emissions will require creative new approaches. So will dealing with a right-wing president in Brazil or a tenacious dictator in Venezuela, or negotiating further nuclear arms reductions with Russia while maintaining sanctions, or trying to placate Israel and several Gulf Arab states while reviving a deal with their archenemy Iran.
  • Simply abandoning Mr. Trump’s approach is immeasurably important for America and the world. The strength of the United States has always derived as much from the soft power of its democracy, freedoms and values as from its battleships and drones. That strength is multiplied by America’s alliances among democracies in the East and West.
  • President-elect Biden has signaled that he intends to lead America back into the international arena, and whatever their qualms or doubts, America’s friends and allies should not wait to join forces in tackling the business of the day — a global pandemic and the future of the planet, to name just two items on the agenda.
martinelligi

What Is Biden's 100-Day Plan? : NPR - 0 views

  • Biden ran a heavily policy-focused campaign, releasing dozens of lengthy and ambitious plans ranging from large-scale economic and environmental initiatives to broad actions on racial justice, education and health care.
  • Biden heads into office with strategies to address the COVID-19 crisis and the search for a vaccine as well.
  • The sheer volume of Biden's plans could make it a challenge to execute them all. On immigration alone, he has proposed more than a dozen initiatives to complete within 100 days of taking office, a feat that could prove difficult to execute.
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  • He will likely need to focus more immediately on issues that could attract bipartisan support, such as providing COVID-19 relief and improving U.S. infrastructure.
  • Days after becoming president-elect, Biden announced a team of advisers that will spearhead his pandemic response once he takes office. The task force will be led by Dr. David Kessler, a former Food and Drug Administration commissioner; former Surgeon General Vivek Murthy; and Dr. Marcella Nunez-Smith, an associate professor of medicine and epidemiology at Yale School of Medicine.
  • "I'll ask the new Congress to put a bill on my desk by the end of January with all the resources to see how both our public health and economic response can be seen through the end,"
  • Biden has said he'll start working to install "an effective distribution plan" for a potential COVID-19 vaccine on the first day of his presidency. His plan would spend $25 billion on vaccine production and disbursement, and calls for an eventual vaccine to be free for all Americans.
  • Biden said he will institute a national police oversight commission within his first 100 days of taking office.
  • Biden has said that on his first day as president he will produce comprehensive immigration legislation that creates a pathway to citizenship for 11 million migrants living in the U.S. illegally. It would also provide a pathway to citizenship for people commonly known as DREAMers, who are part of the Deferred Action for Childhood Arrivals program.
  • The president-elect has vowed to stop the practice of separating immigrant families trying to enter the U.S. from Mexico.
  • Biden has pledged that on his first day as president he will raise corporate income taxes to 28% — compared with the current 21% rate set by the GOP-led tax cuts of 2017. Also, this promise falls under Biden's larger proposed tax plan, which stresses that Americans making less than $400,000 would not pay more in taxes.
  • reduce the use of mandatory minimum sentencing for nonviolent offenses and institute policies geared at lowering recidivism.
  • which includes getting the country to net-zero carbon emissions by 2050.
  • A large part of Biden's health care proposal offers a new public option plan that builds on the existing Affordable Care Act, also known as Obamacare. But the ACA's fate remains in question during the rest of Trump's term and into next year. On Nov. 10, the Supreme Court is set to hear arguments against the ACA from the Trump administration and multiple states. If the justices side with Trump next year when they make their decision, Biden's plans for health care could completely change
  • Notably, the president-elect has expressed support for the College for All Act, proposed in 2017 by Sen. Bernie Sanders of Vermont and Rep. Pramila Jayapal, D-Wash., which would eliminate tuition at public colleges and universities for families making up to $125,000.
woodlu

The age of fossil-fuel abundance is dead | The Economist - 0 views

  • FOR MUCH of the past half-decade, the operative word in the energy sector was “abundance”. An industry that had long sought to ration the production of fossil fuels to keep prices high suddenly found itself swamped with oversupply, as America’s shale boom lowered the price of oil around the world and clean-energy sources, such as wind and solar, competed with other fuels used for power generation, such as coal and natural gas.
  • In recent weeks, however, it is a shortage of energy, rather than an abundance of it, that has caught the world’s attention.
  • Britain’s miffed motorists are suffering from a shortage of lorry drivers to deliver petrol. Power cuts in parts of China partly stem from the country’s attempts to curb emissions. Dwindling coal stocks at power stations in India are linked to a surge in the price of imports of the commodity.
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  • a slump in investment in oil wells, natural-gas hubs and coal mines. This is partly a hangover from the period of abundance, with years of overinvestment giving rise to more capital discipline.
  • A rule of thumb is that oil companies are supposed to allocate about four-fifths of their capital expenditure each year just to stopping their level of reserves from being depleted. Yet annual industry capex has fallen from $750bn in 2014 (when oil prices exceeded $100 a barrel) to an estimated $350bn this year
  • Oil crossed $81 a barrel after the Organisation of the Petroleum Exporting Countries (OPEC), and allies such as Russia who are part of the OPEC+ alliance, resisted calls to increase output at a meeting on October 4th.
  • But it may at least accelerate the shift to greener—and cheaper—sources of energy.
  • result of growing pressures to decarbonise.
  • over the same period, the number of years’ worth of current production held in reserves in some of the world’s biggest projects has fallen from 50 to about 25
  • The industry would usually respond to robust demand and higher prices by investing to drill more oil. But that is harder in an era of decarbonisation.
  • big private-sector oil companies, such as ExxonMobil and Royal Dutch Shell, are being pressed by investors to treat oil and gas investments like week-old fish
  • shareholders reckon that demand for oil will eventually peak, making long-term projects uneconomic, or because they prefer to hold stakes in companies that support the transition to clean energy
  • Another factor inhibiting oil investment is the behaviour of OPEC+ countries. The half-decade of relatively low prices during the “age of abundance”, which reached its nadir with a price collapse at the start of the pandemic, g
  • utted state coffers. That cut funding for investment. As prices recover, governments’ priority is not to ex
  • pand oil-production capacity but to shore up national budgets.
  • Investment in thermal coal is weakest of all. Even in China and India, which have big pipelines of new coal-fired power plants, the mood has swung against the dirtiest fossil fuel.
  • All this places fossil-fuel producers in something of a bind. A slump in investment could enable some oil, gas and coal investors to make out like bandits. But the longer prices stay high, the more likely it becomes that the transition to clean energy ultimately buries the fossil-fuel industry. Consumers, in the meantime, must brace for more shortages.
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