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Javier E

Opinion | How a 'Golden Era for Large Cities' Might Be Turning Into an 'Urban Doom Loop' - The New York Times - 0 views

  • Scholars are increasingly voicing concern that the shift to working from home, spurred by the coronavirus pandemic, will bring the three-decade renaissance of major cities to a halt, setting off an era of urban decline.
  • They cite an exodus of the affluent, a surge in vacant offices and storefronts and the prospect of declining property taxes and public transit revenues.
  • Insofar as fear of urban crime grows, as the number of homeless people increases, and as the fiscal ability of government to address these problems shrinks, the amenities of city life are very likely to diminish.
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  • With respect to crime, poverty and homelessness, Brown argued,One thing that may occur is that disinvestment in city downtowns will alter the spatial distribution of these elements in cities — i.e. in which neighborhoods or areas of a city is crime more likely, and homelessness more visible. Urban downtowns are often policed such that these visible elements of poverty are pushed to other parts of the city where they will not interfere with commercial activities. But absent these activities, there may be less political pressure to maintain these areas. This is not to say that the overall crime rate or homelessness levels will necessarily increase, but their spatial redistribution may further alter the trajectory of commercial downtowns — and the perception of city crime in the broader public.
  • “The more dramatic effects on urban geography,” Brown continued,may be how this changes cities in terms of economic and racial segregation. One urban trend from the last couple of decades is young white middle- and upper-class people living in cities at higher rates than previous generations. But if these groups become less likely to live in cities, leaving a poorer, more disproportionately minority population, this will make metropolitan regions more polarized by race/class.
  • the damage that even the perception of rising crime can inflict on Democrats in a Nov. 27 article, “Meet the Voters Who Fueled New York’s Seismic Tilt Toward the G.O.P.”: “From Long Island to the Lower Hudson Valley, Republicans running predominantly on crime swept five of six suburban congressional seats, including three that President Biden won handily that encompass some of the nation’s most affluent, well-educated commuter towns.
  • In big cities like New York and San Francisco we estimate large drops in retail spending because office workers are now coming into city centers typically 2.5 rather than 5 days a week. This is reducing business activity by billions of dollars — less lunches, drinks, dinners and shopping by office workers. This will reduce city hall tax revenues.
  • Public transit systems are facing massive permanent shortfalls as the surge in working from home cuts their revenues but has little impact on costs (as subway systems are mostly a fixed cost. This is leading to a permanent 30 percent drop in transit revenues on the New York Subway, San Francisco Bart, etc.
  • These difficulties for cities will not go away anytime soon. Bloom provided data showing strong economic incentives for both corporations and their employees to continue the work-from-home revolution if their jobs allow it:
  • First, “Saved commute time working from home averages about 70 minutes a day, of which about 40 percent (30 minutes) goes into extra work.” Second, “Research finds hybrid working from home increases average productivity around 5 percent and this is growing.” And third, “Employees also really value hybrid working from home, at about the same as an 8 percent pay increase on average.
  • three other experts in real estate economics, Arpit Gupta, of N.Y.U.’s Stern School of Business, Vrinda Mittal, both of the Columbia Business School, and Van Nieuwerburgh. They anticipate disaster in their September 2022 paper, “Work From Home and the Office Real Estate Apocalypse.”
  • “Our research,” Gupta wrote by email,emphasizes the possibility of an ‘urban doom loop’ by which decline of work in the center business district results in less foot traffic and consumption, which adversely affects the urban core in a variety of ways (less eyes on the street, so more crime; less consumption; less commuting) thereby lowering municipal revenues, and also making it more challenging to provide public goods and services absent tax increases. These challenges will predominantly hit blue cities in the coming years.
  • the three authors “revalue the stock of New York City commercial office buildings taking into account pandemic-induced cash flow and discount rate effects. We find a 45 percent decline in office values in 2020 and 39 percent in the longer run, the latter representing a $453 billion value destruction.”
  • Extrapolating to all properties in the United States, Gupta, Mittal and Van Nieuwerburgh write, the “total decline in commercial office valuation might be around $518.71 billion in the short-run and $453.64 billion in the long-run.”
  • the share of real estate taxes in N.Y.C.’s budget was 53 percent in 2020, 24 percent of which comes from office and retail property taxes. Given budget balance requirements, the fiscal hole left by declining central business district office and retail tax revenues would need to be plugged by raising tax rates or cutting government spending.
  • Since March 2020, Manhattan has lost 200,000 households, the most of any county in the U.S. Brooklyn (-88,000) and Queens (-51,000) also appear in the bottom 10. The cities of Chicago (-75,000), San Francisco (-67,000), Los Angeles (-64,000 for the city and -136,000 for the county), Washington DC (-33,000), Seattle (-31,500), Houston (-31,000), and Boston (-25,000) make up the rest of the bottom 10.
  • Prior to the pandemic, these ecosystems were designed to function based on huge surges in their daytime population from commuters and tourists. The shock of the sudden loss of a big chunk of this population caused a big disruption in the ecosystem.
  • Just as the pandemic has caused a surge in telework, Loh wrote, “it also caused a huge surge in unsheltered homelessness because of existing flaws in America’s housing system, the end of federally-funded relief measures, a mental health care crisis, and the failure of policies of isolation and confinement to solve the pre-existing homelessness crisis.”
  • The upshot, Loh continued,is that both the visibility and ratio of people in crisis relative to those engaged in commerce (whether working or shopping) has changed in a lot of U.S. downtowns, which has a big impact on how being downtown ‘feels’ and thus perceptions of downtown.
  • The nation, Glaeser continued, isat an unusual confluence of trends which poses dangers for cities similar to those experienced in the 1970s. Event#1 is the rise of Zoom, which makes relocation easier even if it doesn’t mean that face-to-face is going away. Event#2 is a hunger to deal with past injustices, including police brutality, mass incarceration, high housing costs and limited upward mobility for the children of the poor.
  • Progressive mayors, according to Glaeser,have a natural hunger to deal with these problems at the local level, but if they try to right injustices by imposing costs on businesses and the rich, then those taxpayers will just leave. I certainly remember New York and Detroit in the 1960s and 1970s, where the dreams of progressive mayors like John Lindsay and Jerome Patrick Cavanagh ran into fiscal realities.
  • Richard Florida, a professor of economic analysis and policy at the University of Toronto, stands out as one of the most resolutely optimistic urban scholars. In his August 2022 Bloomberg column, “Why Downtown Won’t Die,”
  • His answer:
  • Great downtowns are not reducible to offices. Even if the office were to go the way of the horse-drawn carriage, the neighborhoods we refer to today as downtowns would endure. Downtowns and the cities they anchor are the most adaptive and resilient of human creations; they have survived far worse. Continual works in progress, they have been rebuilt and remade in the aftermaths of all manner of crises and catastrophes — epidemics and plagues; great fires, floods and natural disasters; wars and terrorist attacks. They’ve also adapted to great economic transformations like deindustrialization a half century ago.
  • Florida wrote that many urban central business districts are “relics of the past, the last gasp of the industrial age organization of knowledge work the veritable packing and stacking of knowledge workers in giant office towers, made obsolete and unnecessary by new technologies.”
  • “Downtowns are evolving away from centers for work to actual neighborhoods. Jane Jacobs titled her seminal 1957 essay, which led in fact to ‘The Death and Life of Great American Cities,’ ‘Downtown Is for People’ — sounds about right to me.”
  • Despite his optimism, Florida acknowledged in his email thatAmerican cities are uniquely vulnerable to social disorder — a consequence of our policies toward guns and lack of a social safety net. Compounding this is our longstanding educational dilemma, where urban schools generally lack the quality of suburban schools. American cities are simply much less family-friendly than cities in most other parts of the advanced world. So when people have kids they are more or less forced to move out of America’s cities.
  • What worries me in all of this, in addition to the impact on cities, is the impact on the American economy — on innovation. and competitiveness. Our great cities are home to the great clusters of talent and innovation that power our economy. Remote work has many advantages and even leads to improvements in some kinds of knowledge work productivity. But America’s huge lead in innovation, finances, entertainment and culture industries comes largely from its great cities. Innovation and advance in. these industries come from the clustering of talent, ideas and knowledge. If that gives out, I worry about our longer-run economic future and living standards.
  • The risk that comes with fiscal distress is clear: If city governments face budget shortfalls and begin to cut back on funding for public transit, policing, and street outreach, for the maintenance of parks, playgrounds, community centers, and schools, and for services for homelessness, addiction, and mental illness, then conditions in central cities will begin to deteriorate.
  • There is reason for both apprehension and hope. Cities across time have proven remarkably resilient and have survived infectious diseases from bubonic plague to cholera to smallpox to polio. The world population, which stands today at eight billion people, is 57 percent urban, and because of the productivity, innovation and inventiveness that stems from the creativity of human beings in groups, the urbanization process is quite likely to continue into the foreseeable future. There appears to be no alternative, so we will have to make it work.
Javier E

Climate Anxiety | Harvard Medicine Magazine - 0 views

  • A global survey published in Lancet Planetary Health in 2021 reported that among an international cohort of more than 10,000 people between the ages of 16 and 25, 60 percent described themselves as very worried about the climate and nearly half said the anxiety affects their daily functioning.
  • Since young people expect to live longer with climate-related crises than their parents will, “they feel grief in the face of what they’re losing,” Pinsky says.
  • Young survivors of weather-related disasters report high rates of PTSD, depression, sleep deficits, and learning issues.
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  • Nearly three quarters of the child and adolescent population in Pakistan experienced learning difficulties after widespread floods devastated the country in 2010.
  • For many young people, worry over threats of future climate change results in panic attacks, insomnia, obsessive thinking, and other symptoms
  • And those feelings are often amplified by a pervasive sense that older people aren’t doing enough to fix the climate problem. “There’s a feeling of intergenerational injustice,” says Lise Van Susteren, a general and forensic psychiatrist based in Washington, DC, who specializes in the mental health effects of climate change. “Many young people feel invalidated, betrayed, and abandoned.”
  • Research on effective interventions is virtually nonexistent, and parents and other people who want to help have little to go on. Professional organizations are only now beginning to provide needed resources.
  • News reports and researchers often refer to these feelings collectively as climate anxiety, or eco-anxiety, but Pinsky admits to having misgivings about the terms.
  • “Many people interpret anxiety as a pathological response that needs to be treated and solved,” she says. “But it’s also a constructive emotion that gives us time to react in the face of danger. And anxiety in the face of climate change is a healthy response to a real threat.”
  • others become progressively hyperaroused and panicky, Pinsky says, or else fall into a sort of emotional paralysis
  • Some people manage their climate-triggered emotions without spiraling into distress
  • These reactions can be especially debilitating for people who already struggle with underlying mental health disorders.
  • anxieties over climate change can interlace with broader feelings of instability over the pace of technological and cultural change,
  • “Technology is accelerating faster than culture can keep up, and humans in general are unmoored and struggling to adapt,” she says. “For some people, climate change is psychologically the last straw. You realize you can no longer count on the stability of your planet, your atmosphere — your very world.”
  • Van Susteren describes that anxiety as a type of pre-traumatic stress disorder, with few existing precedents in the United States apart from fears of nuclear annihilation and the decades-ago experience of living through classroom drills on how to survive an atom bomb attack.
  • Talk therapy for anxiety typically aims to help people identify and replace irrational thoughts, called cognitive distortions, with alternative thinking that isn’t so stressful. But since climate anxiety is based on rational fears, this particular approach risks alienating anyone who might feel their worries are being dismissed.
  • Younger people were increasingly arriving at Bryant’s office frightened, depressed, and confused about how to manage climate-triggered emotions. Some were even wondering if they should bring children into such a world.
  • “We’re not saying that anxiety is good or bad,” he says. “We just want to bring those feelings out into the open. It’s more about validating that climate concerns are reasonable given what we’re reading in the news every day.” Ann-Christine Duhaime
  • Emerging evidence suggests that young people do best by cultivating a sense of agency and hope despite their climate concerns.
  • getting to that point involves talking through feelings like despair, grief, or rage first. Without doing that, he says, many people get stuck in maladaptive coping strategies that can lead to burnout, frustration, or hopelessness. Bryant describes jumping into an urgent, problem-focused coping strategy as “going into action mode so you don’t have to feel any grief.”
  • Problem-focused coping has a societal benefit in that it leads to “pro-environmental behavior,” meaning that young people who engage in it typically spend a lot of time learning about climate change and focusing on what they can do personally to help solve the problem
  • But climate change is far beyond any one person’s control, and problem-focused coping can leave people frustrated by the limits of their own capacity and make them unable to rid themselves of resulting worry and negative emotions
  • she and her colleagues describe emotion-focused coping, whereby young people ignore or deny climate change as a means of avoiding feeling anxious about it. In an email, Ojala notes that people who gravitate toward emotional distancing typically come from families that communicate about social problems in “pessimistic doom-and-gloom ways.”
  • Ojala
  • Ojala and other experts favor a third coping strategy that balances negative feelings about climate change with faith in the power of social forces working to overcome it. Called meaning-focused coping, this approach takes strength from individual actions and climate beliefs, while “trusting th
  • her societal actors are also doing their part,”
  • since meaning-focused coping allows negative and positive climate emotions to coexist, young people who adopt it have an easier time maintaining hope for the future.
  • The overall goal, she says, is for young people to achieve more resilience in the face of climate change, so they can function in spite of their environmental concerns
  • When people find meaning in what they do, she says, they have a greater sense of their own agency and self-efficacy. “You’re more empowered to take action, and that can be a powerful way to deal with strong negative emotions,”
  • Duhaime cautions that anyone taking action against climate change should know they shouldn’t expect a quick payback
  • The brain’s reward system, which forms a core of human decision-making, evolved over eons of history to strengthen neural associations between actions and outcomes that promote short-term survival. And that system, she says, responds to the immediate consequences of what we do. One problem with climate change, Duhaime says, is that because it’s so vast and complex, people can’t assume that any single act will lead to a discernible effect on its trajectory
  • young people may benefit from seeking the rewards that come from being part of a group or a movement working to advance an agenda that furthers actions that protect the planet’s climate. “Social rewards are really powerful in the climate change battle, especially for young people,
  • Recognizing the mismatch between how the brain processes reward and the novel challenges of the climate crisis may help people persist when it feels frustrating and ineffective compared to causes with more immediately visible effects. Even if you don’t see climate improvements or policy changes right away, she says, “that won’t diminish the importance of engaging in these efforts.”
  • Malits adds that she wasn’t overly burdened by her emotions. “I’m an optimist by nature and feel that society does have the capacity to make needed changes,” she says. “And what also helps me avoid climate anxiety on a daily basis is the community that I’ve been lucky enough to connect with here at Harvard. It helps to surround yourself with people who are similarly worried about these issues and are also engaging with you on solutions, in whatever capacity is meaningful to you.”
  • “Climate anxiety is an important catalyst for the work I do,” Malits says. “I think you need avenues to channel it and talk about it with loved ones and peers, and have communities through which you can process those feelings and come up with remedies.” Collaborative activism dampens the anxiety, Malits says, and gives young people a sense of renewed hope for the future. “That’s why it’s important to roll up your sleeves and think about how you’d like to tackle the problem,”
  • Malits says she worries most about how climate change is affecting marginalized communities, singling out those who live in urban heat islands, where inadequate green space intensifies extreme heat.
  • nearly 30 percent of Honduras’s population works for the agricultural sector, where rising temperatures and drought are contributing to a mass exodus, as documented that year by PBS NewsHour.
  • Researchers are finding that young people with the most extreme fears over climate change live predominantly in the developing world. The Philippines and India, for instance, are near the top of a list of recently surveyed countries where young people report climate-driven feelings that “humanity is doomed” and “the future is frightening.”
  • Nearly a year after Hurricane Andrew struck South Florida in 1992, 18 percent of children living in the area were still struggling with PTSD-like symptoms, and nearly 30 percent of those who lived through Hurricane Katrina in 2005 wound up with complicated grief, in which strong feelings of loss linger for a long time.
  • Even when people are not uprooted by disaster, a variety of climate-related mechanisms can affect their mental health or the safety of their mental health treatment. High heat and humidity worsen irritability and cognition, he points out, and they can also exacerbate side effects from some common psychiatric medications
  • Levels of lithium — a mood stabilizer used for treating bipolar disorder and major depression — can rise to potentially toxic concentrations in a person who is perspiring heavily; they can become dehydrated and  may develop impaired kidney funtion, potentially causing tremor, slurred speech, confusion and other dangerous effects
  • “I believe the fundamental and best treatment for youth climate distress is a rapid and just transition from fossil fuels,” Pinsky says. “I genuinely consider all that work to be in the area of mitigating climate anxiety.”    
Javier E

Climate crisis deniers target scientists for vicious abuse on Musk's Twitter | Climate crisis | The Guardian - 0 views

  • “There’s been a massive change,” said Mark Maslin, professor of earth system science at University College London and the author of popular books including How to Save Our Planet. “I get so much abuse and rude comments now. It’s happening to all of us, but I challenge the climate deniers so I’ve been really targeted.”
  • Maslin says he used to have regular meetings with Sean Boyle, Twitter’s former head of sustainability, who was laid off in Musk’s mass cull of staff shortly after he took over in Aprll 2022. Maslin said Boyle discussed the platform’s work to develop ways of ensuring that trusted information was pushed to the top.“They were using climate change as a good test bed, because it was fairly clear who the good and bad actors were,” Maslin said. “But he was sacked and Twitter became the wild west.”
  • Maslin said he will stay on the platform and push back against conspiracy theories with scientific evidence. “I want people to understand there are solutions. There is a real need for us to be on social media defending the truth, however nasty the responses get.”
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  • “I spent years debating quite strongly with climate sceptics, including people I assume were paid,” he added. “But there can be a real personal cost interacting over a long time with people who are abusing you.”McNeall said it was hard for scientists to work out how to cut through the false information on Twitter. “I just can’t tell if people are seeing disinformation or getting good scientific information about what is happening,” he said. “That’s really worrying.”
  • Ed Hawkins, professor of climate science at Reading University, who has 94,000 Twitter followers, said he had seen a “huge increase” in tweets from climate-denier accounts, often involving conspiracy theories or long-debunked topics. “A larger fraction of the comments are personal and abusive,” he said. “Any mildly popular tweet from a climate scientist is now targeted for a barrage of replies.”
  • Hawkins has noticed that many denier accounts have paid subscriptions to Twitter and therefore appear higher up in the replies. “It appears to be a coordinated effort [by climate change deniers] to make it appear as though climate denial is more prevalent than it really is,” he said.
  • Professor Richard Betts, chair of climate impacts at Exeter University and head of climate impacts at the Hadley Centre, said: “Outright hostility has increased in recent weeks. It’s mostly just people saying you’re talking rubbish. They don’t want a conversation.”
  • A survey of 468 international climate scientists published by campaign group Global Witness last month found that prominent scientists were the most likely to face abuse, with half of those who had published at least 10 papers reporting they had suffered online harassment as a result of their climate work. One in eight female scientists who reported abuse had been threatened with sexual violence.
Javier E

Foreign Firms Pull Billions in Earnings Out of China - WSJ - 0 views

  • Foreign firms yanked more than $160 billion in total earnings from China during six successive quarters through the end of September, according to an analysis of Chinese data, an unusually sustained run of profit outflows that shows how much the country’s appeal is waning for foreign capital.
  • The outflows add to pressure on China’s currency, the yuan, when the country’s central bank is already battling to slow its decline as investors sour on Chinese stocks and bonds and new investment in China is scarce. The yuan has depreciated 5.7% against the U.S. dollar this year and touched its lowest level in more than a decade in September. 
  • A range of factors have contributed to the profit exodus, economists and corporate executives say. Those include a widening gap between China’s interest rates and those in the U.S. and Europe that has made it more attractive to park earnings in the West.
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  • many foreign firms are looking for better uses for their money, as China’s economy slows and geopolitical tensions rise. Chilly relations between Beijing and the U.S.-led West have pushed global companies to rethink their supply chains and exposure to China.
  • The data show that for all but two quarters between 2014 and the middle of last year, foreign firms were reinvesting more in China than they were transferring abroad. In 2021, for instance, firms reinvested a net $170 billion. 
  • That shifted in the middle of 2022, when China was under sporadic lockdowns and the U.S. Federal Reserve began raising interest rates to combat rocketing inflation. Outflows have continued in each quarter since. 
peterconnelly

Hindus in Kashmir Desperate to Flee Amid Spike in Attacks - The New York Times - 0 views

  • ANANTNAG, Kashmir — As hundreds of Hindu families fled the Kashmir region in recent weeks amid a spike in targeted militant attacks, Sandeep Raina, a 38-year-old engineer, resigned himself to his worst fear: that he would have to abandon his home once again.
  • The return of minority Hindus to Kashmir, two decades after a huge exodus in the face of militant attacks and threats, has been held up by successive Indian governments as an illustration of how they are bringing normalcy to the restive Himalayan region.
  • The administration of Prime Minister Narendra Modi, Kashmiri Hindus say, has tried to prevent many Hindus from fleeing their residential colonies in recent weeks. The Hindu residents are demanding that the authorities lift the blockades and transfer their jobs and families to safer places outside the valley.
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  • Stripping the region of its special status had long been a goal of India’s Hindu nationalists.
  • Kashmir has been disputed between India and Pakistan since the end of British rule in 1947. In the late 1980s, a Kashmiri separatist movement, which received support and training in Pakistan, intensified the targeting of the region’s Hindus, known as Pandits. A mass migration of tens of thousands of Hindu families — perhaps 300,000 people in all — followed.
  • At the Vessu camp in the same district, where Mr. Raina and his family live, one-third of the 900 families have fled their modest two-bedroom houses.
  • The organization said that there had been more than a dozen targeted attacks, some fatal, recorded against Hindus since 2020. The Indian news media said a total of 18 Hindus had been killed since the 2019 change in the region’s status. Many Muslims seen as supporting the government have also been killed.
  • “Don’t force Kashmiri Pandits to pelt you with stone,” Mr. Jotshi is seen in a video telling the police, referring to an act that young local Kashmiri Muslim sometimes resort to against the region’s heavy security forces.
  • “We want to leave, at any cost,” Mr. Jotshi said. “We do not want to die here.”
woodlu

How the Ukrainian refugee crisis will change Europe | The Economist - 0 views

  • the UN High Commissioner for Refugees said on March 30th had passed 4m. That does not count the 6.5m people displaced within Ukraine by Russia’s invasion.
  • Nearly a quarter of the population has been forced to move.
  • So far, the western response has been enlightened and generous. But that could change if governments mismanage the reception and integration of refugees, and disillusionment and fatigue set in.
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  • The Ukrainian exodus is nearly triple the size of the wave of Syrians and others who reached Europe in 2015.
  • Germany and Sweden were initially welcoming, but there was then a surge in support for anti-immigrant politicians all across Europe. This led to a hardening of Europe’s borders, a deal with Turkey to prevent Syrian refugees from proceeding to other parts of Europe, “push-backs” of asylum-seekers arriving by boat and challenges by politicians to the very idea of asylum.
  • In response to the Ukrainian crisis, Europe has rolled out welcome mats, both metaphorical and literal.
  • On March 3rd the European Union invoked for the first time its temporary-protection directive, giving Ukrainians the right to live, work and receive benefits in 26 of its 27 member countries.
  • Poland has taken in 2.2m. Hungary, whose prime minister, Viktor Orban, was the first European leader to build a fence to keep out refugees in 2015, has admitted 340,000.
  • America is joining in. On March 24th President Joe Biden said his country would take in up to 100,000 Ukrainian refugees and contribute $1bn to help Europe cope with the influx. Canada, which has the world’s biggest Ukrainian diaspora outside Russia, has said it will take as many Ukrainians as want to come.
  • Poland’s government encourages such generosity by offering hosts 40 zloty ($9) per day per refugee for two months.
  • Britain’s is giving £350 ($460) a month per household, although its forbidding bureaucracy has made it hard for many Ukrainians to come.
  • The contrast with the reaction to Syrians in 2015 is due not just to the lighter skin and Christian religion of most Ukrainians, though that is surely part of the explanation. It is also that welcoming refugees is part of a mobilisation for a nearby war in which NATO and Europe, although non-combatants, are passionately partisan.
  • Ukraine’s closest neighbours are already feeling strained. Moldova, which has received 370,000 refugees, equivalent to about a tenth of its population, is overwhelmed.
  • Newer refugees, who tend to be poorer and are less likely to have family already in western Europe, may also stay in larger numbers.
  • Parts of Poland, too, are buckling. Around 300,000 refugees have come to Warsaw, the capital, increasing its population by 17%. More than 100,000 are in Krakow, the second-largest city, which is usually home to 780,000 people. “[T]he more people, the worse the conditions will be,”
  • Countries on the route taken by refugees in 2015, from Greece to Belgium, have greatly improved their ability to register and process them.
  • Some, such as Germany, passed laws and set up institutions to integrate refugees.
  • For economies, refugees could be both a burden and a boon.
  • the EU’s four biggest countries will spend nearly 0.2% of GDP to support the influx, assuming 4m refugees come to the region.
  • Ukrainians already in Germany have higher qualifications than did Syrian refugees, which should help them find work. The relative abundance of work means that there is little risk that Germans will accuse the newcomers of taking their jobs.
  • The forecasters may also be overestimating how much work single mothers, traumatised by their flight from Ukraine and worried about the husbands they left behind, will be able to do, especially where day-care places are scarce and expensive.
  • If the war grinds on, economies slow and governments fail to provide the newcomers with housing, services and jobs, Europe’s welcome mats could be withdrawn.
  • Dissent can already be heard in some overburdened countries. In Romania a nationalist fringe contends that Ukraine, not Russia, is the enemy. In Moldova some Ukrainians’ cars have been vandalised. Filippo Grandi, the head of the UN’s refugee agency, fears that hostility will spread.
Javier E

Hopeless and downbeat, Britain is the new France | The Spectator - 0 views

  • British doom and gloom has been growing in recent year
  • , the use of antidepressants in Britain has rocketed, with only Iceland and Portugal among 18 European nations having a higher consumption. In 2010, 54 people per 1,000 in Britain were taking antidepressants, a figure that doubled to 108 in 2020; in contrast, France’s consumption has remained stable at 53 per 1,000.
  • And now look at that generation. One in ten intend never to start working and a third believe they won’t achieve their life’s ambition.
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  • ‘Britain’s young are giving up hope’, John Oxley described a ‘generation that has soured on ambition… the under forties [are] drifting towards professional apathy.’
  • tens of thousands of young people moved across the Channel, an exodus that caught the eye of the New York Times in 2014. One of the French people the paper interviewed explained that ‘in London, there’s this can-do attitude, and a sense that anything’s possible.’
  • French-bashing became de rigueur for British politicians and business leaders. Few were as withering as Andy Street, the managing director of John Lewis, who in October 2014 described France as ‘sclerotic, hopeless and downbeat’, a country where ‘nothing works and, worse, nobody cares about it.’
  • Within months of taking office Macron slashed the wealth tax and corporate tax rates have steadily fallen from 33 to 25 per cent. Last week the French government passed a budget for 2023 that includes an €8 billion tax cut on businesses. 
  • In Britain, the corporation tax rate has moved in the other direction, and last month Chancellor Jeremy Hunt announced it will rise in April from 19 to 25 per cent; the Daily Telegraph could barely bring itself to acknowledge that because of Hunt’s business tax raid, UK shareholders will now be ‘worse off than the French’. 
  • Tory Britain is no longer a friend of business and nor is it particularly pally with its young. More and more aspirational British twenty-somethings are doing what the ambitious young French did a decade ago and heading to countries where they feel they have more chance of fulfilling their potential.
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