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Javier E

Behind Spain's turmoil lies a cronyism that stifles the young and ambitious | John Carlin | Comment is free | The Observer - 0 views

  • the Spanish are not inherently idle; the labour market in Spain does not sufficiently reward talent and hard work. The Spanish disease that both these young men said they had fled was "amiguismo" –"friendism" – a system where one gets ahead by who one knows.
  • I recently asked a boss at a well-known Spanish company what percentage of the 300 or so middle-class staff under him did their jobs to the best of their abilities. Despondent, he replied: "The number is low." The deeper sin lies in an institutionalised Spanish system where both the financial and moral incentives to work well are undercut by the perception that if you do not know the right people there is little point in giving the best of yourself at work.
  • Where does all this come from?
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  • Going to school in Spain is a pretty deadly business. The emphasis is all on learning by rote. Creativity and curiosity are not part of the package. School is not, remotely, fun. Work, the idea is instilled ominously early on, cannot be much fun either.
  • For my cousin, as for so many Spaniards, work is a necessary evil, a nuisance to be dispensed with as briskly as possible before turning to the serious business of life – drinking, nibbling tapas, hanging out with friends until the small hours.
  • Now that the bubble has burst, people's approach to work matters a great deal. The brightest, the boldest or the most restless young people go abroad for money and fulfilment; the rest, half of whom are unemployed, stay at home – baffled, desperate, increasingly angry, kicking out at government and being kicked back.
  • What's needed if Spain is not to sink gradually back into a sort of bucolic, early 20th-century Mediterranean poverty is a revolution across the board in attitudes to work. Like it or not, the system has to be overhauled and replaced by one where the rules are fair and merit is rewarded. Everywhere.
Javier E

The Smartphone Have-Nots - NYTimes.com - 0 views

  • Much of what we consider the American way of life is rooted in the period of remarkably broad, shared economic growth, from around 1900 to about 1978. Back then, each generation of Americans did better than the one that preceded it. Even those who lived through the Depression made up what was lost. By the 1950s, America had entered an era that economists call the Great Compression, in which workers — through unions and Social Security, among other factors — captured a solid share of the economy’s growth.
  • there’s a lot of disagreement about what actually happened during these years. Was it a golden age in which the U.S. government guided an economy toward fairness? Or was it a period defined by high taxes (until the early ’60s, the top marginal tax rate was 90 percent) and bureaucratic meddling?
  • the Great Compression gave way to a Great Divergence. Since 1979, according to the nonpartisan Congressional Budget Office, the bottom 80 percent of American families had their share of the country’s income fall, while the top 20 percent had modest gains. Of course, the top 1 percent — and, more so, the top 0.1 percent — has seen income rise stratospherically. That tiny elite takes in nearly a quarter of the nation’s income and controls nearly half its wealth.
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  • The standard explanation of this unhinging, repeated in graduate-school classrooms and in advice to politicians, is technological change.
  • This explanation, known as skill-biased technical change, is so common that economists just call it S.B.T.C. They use it to explain why everyone from the extremely rich to the just-kind-of rich are doing so much better than everyone else.
  • For all their disagreements, Autor and Mishel are allies of sorts. Both are Democrats who have advised President Barack Obama, and both agree that rampant inequality can undermine democracy and economic growth by fostering despair among workers and corruption among the wealthy
  • The change came around 1978, Mishel said, when politicians from both parties began to think of America as a nation of consumers, not of workers.
  • each administration and Congress have made choices — expanding trade, deregulating finance and weakening welfare — that helped the rich and hurt everyone else. Inequality didn’t just happen, Mishel argued. The government created it.
  • Computers and the Internet, Mishel argued, are just new examples on the continuum and cannot explain a development like extreme inequality, which is so recent. So what happened?
  • David Autor, one of the country’s most celebrated labor economists, took the stage, fumbled for his own PowerPoint presentation and then explained that there was plenty of evidence showing that technological change explained a great deal about the rise of income inequality. Computers, Autor says, are fundamentally different. Conveyor belts and massive steel furnaces made blue-collar workers comparatively wealthier and hurt more highly skilled crafts­people, like blacksmiths and master carpenters, whose talents were disrupted by mass production. The computer revolution, however, displaced millions of workers from clerical and production occupations, forcing them to compete in lower-paying jobs in the retail, fast-food and home health sectors. Meanwhile, computers and the Internet disproportionately helped people like doctors, engineers and bankers in information-intensive jobs. Inequality was merely a side effect of the digital revolution, Autor said; it didn’t begin and end in Washington.
  • Levy suggested seeing how inequality has played out in other countries
  • In Germany, the average worker might make less than an American, but the government has established an impressive apprenticeship system to keep blue-collar workers’ skills competitive.
  • For decades, the Finnish government has offered free education all the way through college. It may have led to high taxes, but many believe it also turned a fairly poor fishing economy into a high-income, technological nation.
  • On the other hand, Greece, Spain and Portugal have so thoroughly protected their workers that they are increasingly unable to compete
  • Inequality has risen almost everywhere, which, Levy says, means that Autor is right that inequality is not just a result of American-government decisions. But the fact that inequality has risen unusually quickly in the United States suggests that government does have an impact
  • Still, economists certainly cannot tell us which policy is the right one. What do we value more: growth or fairness? That’s a value judgment. And for better or worse, it’s up to us.
Javier E

Peter Pomerantsev · Putin's Rasputin · LRB 20 October 2011 - 0 views

  • Putin’s chief ideologue and grey cardinal, Vladislav Surkov, the ‘Kremlin demiurge’. Known also as the ‘puppetmaster who privatised the Russian political system’, Surkov is the real genius of the Putin era. Understand him and you understand not only contemporary Russia but a new type of power politics, a breed of authoritarianism far subtler than the 20th-century strains.
  • He trained as a theatre director then became a PR man; now his official role is ‘vice-head of the presidential administration’, but his influence over Russian politics is unsurpassed. He is the man behind the concept of ‘sovereign democracy’, in which democratic institutions are maintained without any democratic freedoms, the man who has turned television into a kitsch Putin-worshipping propaganda machine and launched pro-Kremlin youth groups happy to compare themselves to the Hitler Youth, to beat up foreigners and opposition journalists, and burn ‘unpatriotic’ books on Red Square. But this is only half the story.
  • Newly translated postmodernist texts give philosophical weight to the Surkovian power model. François Lyotard, the French theoretician of postmodernism, began to be translated in Russia only towards the end of the 1990s, at exactly the time Surkov joined the government. The author of Almost Zero loves to invoke such Lyotardian concepts as the breakdown of grand cultural narratives and the fragmentation of truth: ideas that still sound quite fresh in Russia. One blogger has noted that ‘the number of references to Derrida in political discourse is growing beyond all reasonable bounds. At a recent conference the Duma deputy Ivanov quoted Derrida three times and Lacan twice.’ In an echo of socialism’s fate in the early 20th century, Russia has adopted a fashionable, supposedly liberational Western intellectual movement and transformed it into an instrument of oppression.
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  • . In contemporary Russia, unlike the old USSR or present-day North Korea, the stage is constantly changing: the country is a dictatorship in the morning, a democracy at lunch, an oligarchy by suppertime, while, backstage, oil companies are expropriated, journalists killed, billions siphoned away. Surkov is at the centre of the show, sponsoring nationalist skinheads one moment, backing human rights groups the next. It’s a strategy of power based on keeping any opposition there may be constantly confused, a ceaseless shape-shifting that is unstoppable because it’s indefinable.
  • At one point he began to fear that success would be his undoing: there was speculation that he had presidential ambitions, a dangerous rumour, especially in political circles, and he immediately leaked the fact of his Chechen father, which he had previously kept secret, in order to rule himself out of higher office, or so it’s said. It was his way of saying ‘I know my place.’ One of his former bosses described him as ‘a closed person, with many demons. He is never on the level with people. He needs to be either above or, if need be, below: either the boss or the slave.’
  • In Soviet times a functionary would at least nominally pretend to believe in Communism; now the head of one of Russia’s main TV channels, Vladimir Kulistikov, who used to be employed by Radio Free Europe, proudly announces that he ‘can work with any power I’m told to work with’. As long as you have shown loyalty when it counts, you are free to do anything you like after hours. Thus Moscow’s top gallery-owner advises the Kremlin on propaganda at the same time as exhibiting anti-Kremlin work in his gallery; the most fashionable film director makes a blockbuster satirising the Putin regime while joining Putin’s party; Surkov writes a novel about the corruption of the system and rock lyrics denouncing Putin’s regime – lyrics that would have had him arrested in previous times.
  • In Soviet Russia you would have been forced to give up any notion of artistic freedom if you wanted a slice of the pie. In today’s Russia, if you’re talented and clever, you can have both. This makes for a unique fusion of primitive feudal poses and arch, postmodern irony
  • This is the world Surkov has created, a world of masks and poses, colourful but empty, with little at its core but power for power’s sake and the accumulation of vast wealth.
Javier E

It's the P.Q. and C.Q. as Much as the I.Q. - NYTimes.com - 0 views

  • every boss now also has cheaper, easier, faster access to more above-average software, automation, robotics, cheap labor and cheap genius than ever before. That means the old average is over. Everyone who wants a job now must demonstrate how they can add value better than the new alternatives.
  • the speed with which every job and industry changes also goes into hypermode. “In the old days,” he said, “it was assumed that your educational foundation would last your whole lifetime. That is no longer true.”
  • the skill required for every decent job is rising as is the necessity of lifelong learning. More and more things you know and tools you use “are being made obsolete faster,
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  • there is no economic law that says technological progress has to benefit everyone. It’s entirely possible for the pie to get bigger and some people to get a smaller slice.” Indeed, when the digital revolution gets so cheap, fast, connected and ubiquitous you see this in three ways
  • those with more education start to earn much more than those without it, those with the capital to buy and operate machines earn much more than those who can just offer their labor, and those with superstar skills, who can reach global markets, earn much more than those with just slightly less talent.
  • the Great Recession took the biggest bite out of employment but is not the only thing affecting job loss today: why we have record productivity, wealth and innovation, yet median incomes are falling, inequality is rising and high unemployment remains persistent.
  • How to adapt? It will require more individual initiative. We know that it will be vital to have more of the “right” education than less, that you will need to develop skills that are complementary to technology rather than ones that can be easily replaced by it and that we need everyone to be innovating new products and services to employ the people who are being liberated from routine work by automation and software.
julia rhodes

Michael S. Malone: How to Avoid a Bonfire of the Humanities - WSJ.com - 1 views

  • A half-century ago in his famous "Two Cultures" speech, C.P. Snow defined the growing rift between the world of scientists (including, increasingly, the commercial world) and that of literary intellectuals (including, increasingly, the humanities).
  • Today, the "two cultures" not only rarely speak to one another, but also increasingly, as their languages and world views diverge, are unable to do so.
  • Science merely nods and says, "I see your Jane Austen monographs and deconstructions of 'The Tempest' and raise you stem-cell research and the iPhone"
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  • hey expect an industry evolution; they fail to recognize that they are facing a revolution—and if they don't utterly transform themselves, right now, it will destroy them. But of course, they never do.
  • I asked him: How bad is it? "It's pretty bad," he said. "And this economy is only making it worse. There are parents now who tell their kids they will only pay tuition for a business, engineering or science degree."
  • Santosh said, "Are you kidding? English majors are exactly the people I'm looking for."
  • Almost anything you can imagine you can now build, said Santosh, so the battleground in business has shifted from engineering, which everybody can do, to storytelling, for which many fewer people have real talent. "That's why I want to meet your English majors," he said.
  • "It's in Apple's DNA that technology alone is not enough—it's technology married with liberal arts, married with the humanities, that yields us the result that makes our heart sing."
  • But if the competition in tech moves to this new battlefield, the edge will go to those institutions that can effectively employ imagination, metaphor, and most of all, storytelling.
  • Twenty-first-century storytelling: multimedia, mass customizable, portable and scalable, drawing upon the myths and archetypes of the ancient world, on ethics, and upon a deep understanding of human nature and even religious faith.
Javier E

Can the Republicans Be Saved From Obsolescence? - NYTimes.com - 0 views

  • he Republican Party’s technological deficiencies barely begin to explain why the G.O.P. has lost the popular vote in five of the last six presidential elections. The party brand — which is to say, its message and its messengers — has become practically abhorrent to emerging demographic groups like Latinos and African-Americans, not to mention an entire generation of young voters.
  • I flew with Anderson to Columbus, Ohio, to watch her conduct two focus groups. The first consisted of 10 single, middle-class women in their 20s; the second, of 10 20-something men who were either jobless or employed but seeking better work. All of them voted for Obama but did not identify themselves as committed Democrats and were sufficiently ambivalent about the president’s performance that Anderson deemed them within reach of the Republicans.
  • “I’m going to write down a word, and you guys free-associate with whatever comes to mind,” she said. The first word she wrote was “Democrat.” “Young people,” one woman called out. “Liberal,” another said. Followed by: “Diverse.” “Bill Clinton.”“Change.”“Open-minded.”“Spending.”“Handouts.”“Green.”“More science-based.” When Anderson then wrote “Republican,” the outburst was immediate and vehement: “Corporate greed.”“Old.”“Middle-aged white men.” “Rich.” “Religious.” “Conservative.” “Hypocritical.” “Military retirees.” “Narrow-minded.” “Rigid.” “Not progressive.” “Polarizing.” “Stuck in their ways.” “Farmers.”
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  • The session with the young men was equally jarring. None of them expressed great enthusiasm for Obama. But their depiction of Republicans was even more lacerating than the women’s had been. “Racist,” “out of touch” and “hateful” made the list — “and put ‘1950s’ on there too!” one called out.
  • What could they say or do to make you feel more positive about the Republican Party?” “Be more pro-science,” said a 22-year-old moderate named Jack. “Embrace technology and change.” “Stick to your strong suit,” advised Nick, a 23-year-old African-American. “Clearly social issues aren’t your strong suit. Stop trying to fight the battle that’s already been fought and trying to bring back a movement. Get over it — you lost.”
  • In the previous few days, the pollster interviewed Latino voters in San Diego and young entrepreneurs in Orlando. The findings were virtually unanimous. No one could understand the G.O.P.’s hot-blooded opposition to gay marriage or its perceived affinity for invading foreign countries. Every group believed that the first place to cut spending was the defense budget. During the whiteboard drill, every focus group described Democrats as “open-minded” and Republicans as “rigid.” “There is a brand,” the 28-year-old pollster concluded of her party with clinical finality. “And it’s that we’re not in the 21st century.”
  • the dilemma faced by Republicans in Congress. “What forces them to vote that way, 9 times out of 10, is a fear of a primary challenge,” he said. “What we hope to accomplish is to bring more voters into Republican primaries, so that it isn’t just the far right that shows up at the polls.” The dilemma, Goodwin acknowledged, is that the far-right rhetoric may well repel such voters from participating in G.O.P. primaries to begin with. “We recognize that this isn’t something that’s going to happen anytime soon,” he said.
  • Young Republicans now lament that no one from their side has stepped up to organize a conservative version of RootsCamp. Michael Turk, a 42-year-old Republican digital guru, suggested that the failure of G.O.P. technologists to do this springs from a uniquely Republican trait. “They all wanted to make money,” he said. “And so as a result, Katie Harbath, who was one of my deputies at the R.N.C., is now at Facebook, and Mindy Finn” — a longtime G.O.P. digital operative — “is at Twitter, and Patrick and I each started our own companies. We all found ways to parlay that into a living for our families, as opposed to just doing it for the cause.”
  • Several G.O.P. digital specialists told me that, in addition, they found it difficult to recruit talent because of the values espoused by the party. “I know a lot of people who do technology for a living,” Turk said. “And almost universally, there’s a libertarian streak that runs through them — information should be free, do your own thing and leave me alone, that sort of mind-set. That’s very much what the Internet is. And almost to a person that I’ve talked to, they say, ‘Yeah, I would probably vote for Republicans, but I can’t get past the gay-marriage ban, the abortion stance, all of these social causes.’
  • that’s where the left has beaten us, by giving smart people the space and trusting them to have success. It’s a fundamentally anti-entrepreneurial model we’ve embraced.”
  • To win, a reincarnated Reagan — or a Rubio or a Chris Christie or a Bobby Jindal — would still have to satisfy his base of hard-line conservatives and captivate a new generation of voters at the same time. I ran this quandary by Kristen Soltis Anderson. “It’s a big challenge,” she acknowledged. “But I think that if you can earn the trust of the people, there are ways you can say, ‘Here’s why I take this position.’ I don’t know that someone like Rubio, who may be young and attractive and well spoken, could attract young voters despite his views on gay marriage. I do think that in the absence of a very compelling reason to vote for a candidate, those social issues can be deal-breakers for young voters. The challenge is: Can you make a case that’s so compelling that you can overcome those deal-breaker issues? And I don’t know the answer to that question.”
Javier E

Inequality: The 1 percent needs better defenders | The Economist - 0 views

  • Mr Mankiw begins with a thought experiment: "Imagine a society with perfect economic equality...Then, one day, this egalitarian utopia is disturbed by an entrepreneur with an idea for a new product. Think of the entrepreneur as Steve Jobs as he develops the iPod, J.K. Rowling as she writes her Harry Potter books, or Steven Spielberg as he directs his blockbuster movies." Everyone wants to buy the entrepreneur's product, which results in a hugely unequal distribution of income. Should the government shift to a progressive tax system to reduce the inequality?Obviously Mr Mankiw discovers that the answer is "no", because that's the answer he has built his analogy to produce.
  • Mr Mankiw's analogy sneaks in his conclusion by implying that greater inequality is the price we pay for more invention and creativity. But his own choices of hero-entrepreneurs make it clear that there's no evidence to support this claim.
  • Of the three Mr Mankiw proposes, only Steve Jobs plausibly had an irreducible, unique effect on material culture and the structure of an industry. Mr Spielberg and Ms Rowling are acclaimed artists, but their startling wealth and prominence are entirely due to the increasing power of network effects in mass culture over the past several decades. Mr Spielberg happened to be directing his first movies just as Hollywood was beginning to stage coordinated marketing blitzes that created round-the-block lines for top-grossing films. Ms Rowling hit the bookshelves just as a similar superstar phenomenon was taking over publishing, with sales increasingly concentrated on individual mega-bestsellers rather than spread across a few dozen authors and titles. Mr Jobs is an unusual figure in that his ability to combine engineering, aesthetics, and a vision of how users might interact with the digital universe has created a kind of integrated multi-product entity that might not otherwise have existed; it's not clear that BlackBerry, Nokia or Samsung would have been up to the task. But even in Mr Jobs's case, much of the power that accrued to Apple was due to the gradual sorting of the consumer information-technology world into integrated ecosystems
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  • "The music industry is a microcosm of what is happening in the U.S. economy at large," Mr Krueger said. "We are increasingly becoming a ‘winner-take-all economy,’ a phenomenon that the music industry has long experienced. Over recent decades, technological change, globalization and an erosion of the institutions and practices that support shared prosperity in the U.S. have put the middle class under increasing stress. The lucky and the talented—and it is often hard to tell the difference—have been doing better and better, while the vast majority has struggled to keep up."
  • why does Mr Mankiw pick three figures from the entertainment and computer industries, where everyone knows the "superstar" phenomenon is strongest? Because if he used examples from other industries, it would be even more difficult to convince the reader that the immense rewards being reaped by those at the top had anything to do with their unique contributions to the economy
  • Perhaps those other guys wouldn't have been as good at their jobs; in that case, these firms would have lost market share to competitors. So what?
  • The social purpose of high executive pay is to create incentives for hard work to maximise profit. But these guys are being paid double what their predecessors were making in the 1980s
  • Are we seeing startlingly better corporate performance today than we were back then? Is there greater productive innovation in, say, medical technology or commercial real estate? Is our economy growing faster? Are general standards of living rising faster? No, no, no and no.
  • Mr Mankiw's analogy stacks the deck by making it appear as though great creative entrepreneurs create the consumer demand which leads to inequality. This is not how things work.
  • If the government were to, for example, return top marginal tax rates to the levels that prevailed in the 1990s or the 1970s in order to compensate for the superstar effect, there is no reason to believe that the top one percent would produce any less value for society than they do now. Mr Spielberg would likely have worked just as hard at 1970s tax rates as he does at 2013 tax rates; indeed, he did so when he made "Jaws". Similarly, Mr Jobs worked very hard on the Apple 2e in the 1970s and on the iMac in the 1990s, and Ms Rowling worked quite hard on the Harry Potter series even though tax rates in Britain are much higher than those in America.
alexdeltufo

Seven pols who could be Donald Trump's VP pick (and two who won't) - The Boston Globe - 0 views

  • “I have the business, let’s call them talents, and I think I’ll probably go the political route,”
  • He has been one of the most visible Trump supporters on Fox News and reportedly met privately with Trump for 90 minutes last week.
  • Haley has publicly criticized Trump; Capito has not. The latter has more than 14 years of experience on Capitol Hill and hails from an economically depressed state that’s been receptive to Trump’s populist message.
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  • Inside Washington, D.C., Corker is seen as a serious policy pro. Most importantly for Trump, perhaps, he’s been one of the few Republicans in Washington who has said he would be fine with supporting Trump.
  • She didn’t endorse anyone ahead of the Iowa caucuses — although she introduced US Senator Marco Rubio at an event. Ernst was also quite critical of Trump’s comments about women, but that might actually be an asset as he seeks to make up ground with female voters.
  • No matter what words have been said during the primary, a Kasich pick would makes sense for both Kasich and Trump.
  • Consider this math: If the Democratic nominee wins all the states the party won in the last six presidential elections, and then wins Florida, Trump will lose in the Electoral College.
  • It does make some sense politically: Christie was the first establishment politician to endorse Trump, and he took a lot of heat for it.
  • Trump doesn’t need Christie anymore.
  • here is no indication that Ryan would ever accept another ride on the national ticket as a vice presidential candidate, let alone for Trump.
Javier E

America owes its working class, yes. But the working class has duties, too. - The Washington Post - 0 views

  • we want working-class Americans to lead flourishing lives that include meaningful employment, and society as a whole has a moral obligation to work toward making this the case. But working-class Americans have duties, as well.
  • taking the specific case of the working class, its implications are important: Significantly strengthening the cultural norms that if you can work, you should be working, even if the only job you can find pays a mere 65 percent of what you made in your last job; that if you can work, you should be working, even if you have to move a few states away for a good job; that if you can work, you should be providing for your kids; that you have an obligation to contribute and to add your skills and talent and effort to the fabric of your community — a strong recovery of these basic cultural norms would go a long way toward helping the working class lead full and flourishing lives.
  • It used to be the case that an able-bodied man who wasn’t working would feel much more social stigma than he does today. And stigma can push men on the margin into jobs. Once employed, it is much easier for those men to meet their obligations and fulfill their duties: to be good fathers to their children, to be good members of their communities, to put down the video game and not to use drugs. A virtuous cycle is created
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  • There are many policy changes we should consider. We should increase earnings subsidies.
  • Policy should help workers build skills that businesses actually demand and that the market will reward.
  • Policy should get government out of the way by deregulating the labor market, creating more opportunity
  • And policies with significant unintended consequences that suppress workforce participation — like disability insurance — need to be reformed.
  • Some of these policy changes will cost money. That’s okay. Our commitment to the common good requires public action to help the working class lead flourishing live
  • members of society who practice involved parenting, strong community involvement, strong attachment to the workforce, and stable marriages in their own lives should recover the confidence to “preach what they practice,” as my AEI colleague Charles Murray has eloquently put it.
Javier E

What It Was Like to Compete Against Roger Ailes and Fox News - The New York Times - 0 views

  • Mr. Ailes would pick one or two “hot” stories, add numerous live guests and stick to that story throughout the day.
  • Many cable viewers, it turned out, were not interested in television news’s bread and butter — a diverse newscast of multiple dispassionate stories — no matter how important. Despite what they might tell pollsters, viewers were clearly looking for a great yarn, and Mr. Ailes knew how to spin one.
  • Mr. Ailes was equally adept at knowing what not to cover. It was around this time that the American public was becoming increasingly disillusioned, even despondent over the war in Iraq. So while MSNBC and CNN were focusing on the challenges and failures of the war, Fox covered the story far less often, and when they did so, in a far more sanguine way, highlighting successes from the field.
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  • That was both political and practical. Political because obviously they didn’t want to be seen as piling on President George W. Bush; practical because it wasn’t nearly as depressing.
  • Just as important, Mr. Ailes encouraged his hosts to let their personalities and patriotism show through in their coverage. “I” was a typical refrain. “We” and “us” often referred to the United States (something that most mainstream media entities dropped during the 1960s).
  • Media critics, amateur and professional, could, and did, assail him and his on-air talent, especially Bill O’Reilly. In response, Fox News would simply ignore them or hit back harder, on the air or through its relentless public relations department. There were no objective norms, no establishment rules, no journalistic sanctity. Just Roger’s rules.
  • even today, every cable network is, in many ways, a Roger Ailes production. The search for hosts with “something to say,” the talking heads, the talking head butting, the over-the-top breaking news graphics, the invocations of “America,” the saturation coverage of events — all of it was either created or fully exploited by Fox News.
Javier E

Republicans stain themselves by sticking with Trump - The Washington Post - 0 views

  • Trump is not just winning; he is also redefining how politics is done. Out: policy speeches, white papers, paid media, the ground game. In: monologues, social media, free media, advance work on big rallies. Few politicians in history — Franklin D. Roosevelt’s mastery of radio and Ronald Reagan’s use of television come to mind — have more instinctually and effectively adapted to new communication methods.
  • justifications are not insane, but they are ultimately not persuasive. Trump has little history of changing or refining his views through study and policy advice. Many of his goals, while too foolish to implement, are too vivid to revise. Try to imagine President Trump backing down on building the great wall or halting Muslim migration.
  • On these matters, Trump is entirely unmoored and unpredictable. It is hard to justify a presidency, which would be dangerous and destabilizing in other ways, on odds this long
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  • What the argument for accommodation is missing is the core reality about Trump. His answer to nearly every problem is himself — his negotiating skill, his strength of purpose, his unique grasp of the national will.
  • He is offering himself as master of every situation. We are supposed to turn in desperation to the talent and will of one man, who happens to be bristling with prejudice and blazing with ignorance. We are seeing the offer of personal rule by someone with no discernible public or personal virtues.
  • He has offered disaffected people an invitation to political violence. “Knock the crap out of them, would you?” he said at one rally. “Seriously. Okay? Just knock the hell — I promise you, I will pay for the legal fees. I promise. I promise.”
  • And this permission for violence is paired with an embrace of ethnic and religious bigotry, casting blame and suspicion on Muslims and undocumented immigrants. It would be difficult — or should be difficult — for any Republican to endorse a presidential candidate whose election would cause many of our neighbors to fear for their safety. Or to embrace a candidate who promised to purposely target children in the conduct of the war on terrorism.
  • For Republicans, accommodation with Trump is not just a choice; it is a verdict. None will come away unstained. For evangelical Christians, it is the stain of hypocrisy — making their movement synonymous with exclusion and gullibility. For GOP job seekers, it is the stain of opportunism. (Consider the sad decline into sycophancy of Chris Christie.) For conservatives, it is the stain of betrayal — the equivalent of supporting George Wallace in 1968 as an authentic populist voice.
  • All this leaves completely horrible options: sitting the election out, supporting a third-party candidate, contemplating a difficult vote for Clinton. But these are the only honorable options.
abbykleman

Trump Chooses H.R. McMaster as National Security Adviser - 0 views

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    WASHINGTON - President Trump picked Lt. Gen. H.R. McMaster, a widely respected military strategist, as his new national security adviser on Monday, calling him "a man of tremendous talent and tremendous experience." Mr. Trump made the announcement at his Mar-a-Lago getaway in Palm Beach, Fla., where he has been interviewing candidates to replace Michael T.
davisem

Trump Chooses H.R. McMaster as National Security Adviser - 0 views

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    WASHINGTON - President Trump picked Lt. Gen. H.R. McMaster, a widely respected military strategist, as his new national security adviser on Monday, calling him "a man of tremendous talent and tremendous experience." Mr. Trump made the announcement at his Mar-a-Lago getaway in Palm Beach, Fla., where he has been interviewing candidates to replace Michael T.
marleymorton

NSA risks talent exodus amid morale slump, Trump fears - 0 views

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    The National Security Agency risks a brain-drain of hackers and cyber spies due to a tumultuous reorganization and worries about the acrimonious relationship between the intelligence community and President Donald Trump, according to current and former NSA officials and cybersecurity industry sources.
Javier E

Steve Bannon Cited Italian Thinker Who Inspired Fascists - The New York Times - 0 views

  • he is best known as a leading proponent of Traditionalism, a worldview popular in far-right and alternative religious circles that believes progress and equality are poisonous illusions.
  • Evola became a darling of Italian Fascists, and Italy’s post-Fascist terrorists of the 1960s and 1970s looked to him as a spiritual and intellectual godfather.
  • They called themselves Children of the Sun after Evola’s vision of a bourgeoisie-smashing new order that he called the Solar Civilization. Today, the Greek neo-Nazi party Golden Dawn includes his works on its suggested reading list, and the leader of Jobbik, the Hungarian nationalist party, admires Evola and wrote an introduction to his works.
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  • he also invoked Evola’s idea of a prehistoric and pre-Christian spirituality — referring to the awakening of whites, whom he called the Children of the Sun.
  • “It’s the first time that an adviser to the American president knows Evola, or maybe has a Traditionalist formation,” said Gianfranco De Turris, an Evola biographer and apologist based in Rome who runs the Evola Foundation out of his apartment.
  • A March article titled “An Establishment Conservative’s Guide to the Alt-Right” in Breitbart, the website then run by Mr. Bannon, included Evola as one of the thinkers in whose writings the “origins of the alternative right” could be found.
  • The article was co-written by Milo Yiannopoulos, the right-wing provocateur who is wildly popular with conservatives on college campuses.
  • The article celebrated the youthful internet trolls who give the alt-right movement its energy and who, motivated by a common and questionable sense of humor, use anti-Semitic and racially charged memes “in typically juvenile but undeniably hysterical fashion.”
  • Mussolini so liked Evola’s 1941 book, “Synthesis on the Doctrine of Race,” which advocated a form of spiritual, and not merely biological, racism, that he invited Evola to meet him in September of that year.
  • Born in 1898, Evola liked to call himself a baron and in later life sported a monocle in his left eye.
  • A brilliant student and talented artist, he came home after fighting in World War I and became a leading exponent in Italy of the Dada movement, which, like Evola, rejected the church and bourgeois institutions.
  • Evola’s early artistic endeavors gave way to his love of the German philosopher Friedrich Nietzsche, and he developed a worldview with an overriding animosity toward the decadence of modernity. Influenced by mystical works and the occult, Evola began developing an idea of the individual’s ability to transcend his reality and “be unconditionally whatever one wants.”
  • “When I started working on Evola, you had to plow through Italian,” said Mr. Sedgwick, who keeps track of Traditionalist movements and thought on his blog, Traditionalists. “Now he’s available in English, German, Russian, Serbian, Greek, Hungarian. First I saw Evola boom, and then I realized the number of people interested in that sort of idea was booming.”
  • It viewed humanism, the Renaissance, the Protestant Reformation and the French Revolution all as historical disasters that took man further away from a transcendental perennial truth.
  • Changing the system, Evola argued, was “not a question of contesting and polemicizing, but of blowing everything up.”Evola’s ideal order, Professor Drake wrote, was based on “hierarchy, caste, monarchy, race, myth, religion and ritual.”
  • Evola in 1934 published his most influential work, “The Revolt Against the Modern World,” which cast materialism as an eroding influence on ancient values.
  • Evola eventually broke with Mussolini and the Italian Fascists because he considered them overly tame and corrupted by compromise. Instead he preferred the Nazi SS officers, seeing in them something closer to a mythic ideal. They also shared his anti-Semitism.
  • As Mr. Bannon expounded on the intellectual motivations of the Russian president, Vladimir V. Putin, he mentioned “Julius Evola and different writers of the early 20th century who are really the supporters of what’s called the Traditionalist movement, which really eventually metastasized into Italian Fascism.”
  • In his Vatican talk, Mr. Bannon suggested that although Mr. Putin represented a “kleptocracy,” the Russian president understood the existential danger posed by “a potential new caliphate” and the importance of using nationalism to stand up for traditional institutions.
  • “We, the Judeo-Christian West,” Mr. Bannon added, “really have to look at what he’s talking about as far as Traditionalism goes — particularly the sense of where it supports the underpinnings of nationalism.”
  • As Mr. Bannon suggested in his speech, Mr. Putin’s most influential thinker is Aleksandr Dugin, the ultranationalist Russian Traditionalist and anti-liberal writer sometimes called “Putin’s Rasputin.”
  • An intellectual descendant of Evola, Mr. Dugin has called for a “genuine, true, radically revolutionary, and consistent fascist fascism” and advocated a geography-based theory of “Eurasianism” — which has provided a philosophical framework for Mr. Putin’s expansionism and meddling in Western European politics.
  • Mr. Dugin sees European Traditionalists as needing Russia, and Mr. Putin, to defend them from the onslaught of Western liberal democracy, individual liberty, and materialism — all Evolian bêtes noires.
  • This appeal of traditional values on populist voters and against out-of-touch elites, the “Pan-European Union” and “centralized government in the United States,” as Mr. Bannon put it, was not lost on Mr. Trump’s ideological guru.“A lot of people that are Traditionalists,” he said in his Vatican remarks, “are attracted to that.”
Javier E

Can Megyn Kelly Escape Her Fox News Past? - The Atlantic - 0 views

  • The TV producer in Ailes saw a marketing niche, and the political operative in him saw a direct way of courting voters. Rupert Murdoch owned the network, but Ailes was its intellectual author. In the two decades since, the network has thrived without legitimate competition of any kind. It has proved to be a big tent, sheltering beneath it some excellent reporters but also a collection of blowhards, performance artists, cornballs, and Republican operatives in rehab from political failures and personal embarrassments. With the help of this antic cast, the Fox audience has come to understand something important that it did not know before: The people who make “mainstream” news and entertainment don’t just look down on conservatives and their values—they despise them.
  • Her understanding of the legal aspects of news stories and her tendency to conduct interviews as hostile cross-examinations (“Stay in bounds!” “I’ve already ceded the point!” “Don’t deflect!”) made her a riveting journalist-entertainer
  • Almost as soon as the election ended, Fox News went back to work on the mission, emphasizing a variety of themes, each intended to demonize the left. At the top of the list was the regular suggestion that Barack Obama was an America-hating radical, an elaboration of Glenn Beck’s observation (on Fox) that the president had “a deep-seated hatred for white people.” Other themes included the idea that straight white men were under ever-present threat from progressive policies and attitudes; that Planned Parenthood was a kind of front operation for baby murder; that political correctness had made the utterance of even the most obvious factual statements dangerous; and that the concerns of black America—including, especially, those of the Black Lives Matter movement—were so illogical, and so emotionally expressed, that they revealed millions of Americans to be beyond the reach of reason.
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  • We will never know to what extent Fox created or merely reported on the factor that turned out to be so decisive in the election: that to be white and conscious in America was to be in a constant state of rage.
  • In the middle of all this, feeding clips of ammo into the hot Fox News machine, was Megyn Kelly. To watch her, during one of her interviews on the subject of race and policing, interrupt a black guest to ask her whether she’d ever called white people “crackers” was to see Kelly in action, fired up and ready to go. In some respects, she was an independent actor at Fox, with her own show and ultimate control of its editorial content. But she was also a cog in something turning, and what the great machine ultimately produced was President Donald Trump.
  • As she tells it, one of the first questions Ailes asked her was “how the daughter of a nurse and a college professor understood anything other than left wing dogma.” She replied that although she’d been raised in a Democratic household, she had always been apolitical. She got the job.
  • he wanted people who hadn’t been tainted by the left-wing media machine, so they could be trained in the attitudes and opinions the network had been founded to advance.
  • Kelly is an unbelievably talented broadcaster—smart, funny, quick-witted, and able to handle a bit of fluff with as much zeal as she tackles a serious story. There can’t have been anyone more telegenic in the history of the business.
  • By 2010, the network had become so popular that—according to Gabriel Sherman’s biography, The Loudest Voice in the Room—Ailes added a new goal to the mission: the election of the next president.
  • she evinced her signature political stance: free-market enthusiasm combined with Nixonian law-and-order conservatism. “Enjoy prison!” she would call out after showing a video of an especially inept criminal enterprise.
  • She popped off the screen—fun, sexy, tough—and became popular not just with conservatives but also (in the mode of a guilty pleasure) with many progressives, including her sometime nemesis Jon Stewart, who once said she was his favorite Fox personality.
  • to see her segments on Black Lives Matter—which first aired as the primaries were getting under way and continued until the general election itself—was to see how Fox often stirred up racial anger among its viewers, a kind of anger that was crucial fuel for the Republican outcome Roger Ailes so desired.
  • hen Kelly was a litigator in high-stakes lawsuits, she learned a skill of the trade: taunting her adversaries until they snapped. “I might say something passive-aggressive just to get opposing counsel mad,” she writes. “And then when he got worked up about it, I would say calmly, ‘You seem upset. Do you need a break? We can take a moment if you’d like to step outside and get yourself together.’ ” She became “an expert in making them lose their cool.”
  • n her regular application of it to black activists, she contributed to an ugly mood that was the hallmark of Fox all last year: one of white aggrievement at a country gone mad, led by a radical black president supported by irrational black protesters who were gaining power.
  • , she introduced her TV audience to Malik Shabazz, the president of Black Lawyers for Justice and a former president of the New Black Panthers Party. Shabazz is a radical—an anti-Zionist who believes that Jews dominated the Atlantic slave trade and were involved in the 9/11 attacks, he is in a sense far more radical than Bill Ayers—but Kelly did not tell the audience that. Nor did she tell them that she had had Shabazz on her show in the past. The two proved useful to each other; he got to go deep behind enemy lines to spread his theories, while she got to show her audience members a black man who really does hate them. But to the casual viewer, he seemed like merely another Black Lives Matter supporter, no more or less extreme in his views than D. L. Hughley.
  • This was Fox News last spring and summer and into the fall: a place where black guests were always a few prodding questions away from telling the audience what they really felt about whites, and a place where white hosts were quick to defend other members of their race from unfair accusations of bias. These tactics were integral to the network’s mission: to get conservative ideas out there, to help elect a Republican president, and to make exciting television while doing it. Kelly proved adept on all fronts.
Javier E

Romney's Former Bain Partner Makes a Case for Inequality - NYTimes.com - 0 views

  • He has spent the last four years writing a book that he hopes will forever change the way we view the superrich’s role in our society. “Unintended Consequences: Why Everything You’ve Been Told About the Economy Is Wrong,” to be published in hardcover next month by Portfolio, aggressively argues that the enormous and growing income inequality in the United States is not a sign that the system is rigged. On the contrary, Conard writes, it is a sign that our economy is working. And if we had a little more of it, then everyone, particularly the 99 percent, would be better off.
  • most Americans don’t know how the economy really works — that the superrich spend only a small portion of their wealth on personal comforts; most of their money is invested in productive businesses that make life better for everyone. “Most citizens are consumers, not investors,” he told me during one of our long, occasionally contentious conversations. “They don’t recognize the benefits to consumers that come from investment.”
  • Dean Baker, a prominent progressive economist with the Center for Economic and Policy Research, says that most economists believe society often benefits from investments by the wealthy. Baker estimates the ratio is 5 to 1, meaning that for every dollar an investor earns, the public receives the equivalent of $5 of value
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  • Conard said Baker was undercounting the social benefits of investment. He looks, in particular, at agriculture, where, since the 1940s, the cost of food has steadily fallen because of a constant stream of innovations. While the businesses that profit from that innovation — like seed companies and fast-food restaurants — have made their owners rich, the average U.S. consumer has benefited far more. Conard concludes that for every dollar an investor gets, the public reaps up to $20 in value. This is crucial to his argument: he thinks it proves that we should all appreciate the vast wealth of others more, because we’re benefiting, proportionally, from it.
  • What about investment banks, with their complicated financial derivatives and overleveraged balance sheets? Conard argues that they make the economy more efficient, too. The financial crisis, he writes, was not the result of corrupt bankers selling dodgy financial products. It was a simple, old-fashioned run on the banks, which, he says, were just doing their job
  • He argues that collateralized-debt obligations, credit-default swaps, mortgage-backed securities and other (now deemed toxic) financial products were fundamentally sound. They were new tools that served a market need for the world’s most sophisticated investors,
  • “A lot of people don’t realize that what happened in 2008 was nearly identical to what happened in 1929,” he says. “Depositors ran to the bank to withdraw their money only to discover, like the citizens of Bedford Falls” — referring to the movie “It’s a Wonderful Life” — “that there was no money in the vault. All that money had been lent.”
  • In 2008 it was large pension funds, insurance companies and other huge institutional investors that withdrew in panic. Conard argues in retrospect that it was these withdrawals that led to the crisis — not, as so many others have argued, an orgy of irresponsible lending
  • Conard concedes that the banks made some mistakes, but the important thing now, he says, is to provide them even stronger government support. He advocates creating a new government program that guarantees to bail out the banks if they ever face another run.
  • the central role of banks, Conard says, is to turn the short-term assets of nervous savers into risky long-term loans that help the economy grow.
  • A central problem with the U.S. economy, he told me, is finding a way to get more people to look for solutions despite these terrible odds of success. Conard’s solution is simple. Society benefits if the successful risk takers get a lot of money
  • As Conard told me, one of the crucial lessons he learned at Bain is that it makes no sense to look for easy solutions. In a competitive market, all that’s left are the truly hard puzzles. And they require extraordinary resources. While we often hear about the greatest successes — penicillin, the iPhone — we rarely hear about the countless failures and the people and companies who financed them.
  • we live longer, healthier and richer lives because of countless microimprovements like that one. The people looking for them, Conard likes to point out, are not only computer programmers, engineers and scientists. They are also wealthy investors like him
  • He said the only way to persuade these “art-history majors” to join the fiercely competitive economic mechanism is to tempt them with extraordinary payoffs.
  • When I look around, I see a world of unrealized opportunities for improvements, an abundance of talented people able to take the risks necessary to make improvements but a shortage of people and investors willing to take those risks. That doesn’t indicate to me that risk takers, as a whole, are overpaid. Quite the opposite.” The wealth concentrated at the top should be twice as large, he said. That way, the art-history majors would feel compelled to try to join them.
  • Rather than simply serving as an invitation for everybody to engage in potentially beneficial risk-taking, inequality can allow those with wealth to crush new ideas.
  • Unlike Romney, Conard rejects the notion that America has “some monopoly on hard work or entrepreneurship.” “I think it’s simple economics,” he said. “If the payoff for risk-taking is better, people will take more risks
  • Conard sees the success of the U.S. economy as, in part, the result of a series of historic accidents. Most recently, the coincidence of Roe v. Wade and the late 1970s economic malaise allowed Ronald Reagan to unify social conservatives and free-market advocates and set the country on a pro-investment path for decades. Europeans, he says, made all the wrong decisions. Concern about promoting equality and protecting favored industries have led to onerous work rules, higher taxes and all sorts of social programs that keep them poorer than Americans.
  • Now we’re at a particularly crucial moment, he writes. Technology and global competition have made it more important than ever that the United States remain the world’s most productive, risk-taking, success-rewarding society. Obama, Conard says, is “going to dampen the incentives.” Even worse, Conard says, “he’s slowing the accumulation of equity” by fighting income inequality.
  • Conard’s book addresses what is perhaps the most important question in economics, the one Adam Smith set out to answer in “The Wealth of Nations”: Why do some countries grow so rich and others stay poor? Where you come down on the answer has as much to do with your politics as your economic worldview (two things that can often be the same)
  • Nearly every economist I spoke with said that Conard has too much faith in the market’s ability to reward only those who create real value. Conard, for instance, insists that even the dodgiest financial products must have been beneficial or else nobody would have bought them in the first place. If a Wall Street trader or a corporate chief executive is filthy rich, Conard says that the merciless process of economic selection has assured that they have somehow benefited society. Even pro-market Romney supporters take issue with this. “Ed ought to be more concerned about crony capitalism,” Hubbard told me.
  • “Unintended Consequences” ignores some of the most important economic work of the past few decades, about how power and politics influence economic growth. In technical language, this field is the study of “rent seeking,” in which people or companies get rich because of their power, not because of their ideas.
  • wealthy individuals and corporations are able to influence politicians and regulators to make seemingly insignificant changes to regulations that benefit themselves. In other words, to rig the game
  • Conard’s version of the financial crisis ignores much reporting and analysis — including work I’ve done with NPR’s “Planet Money” team — that shows that some of the nation’s largest banks actively manipulated customers and regulators and, sometimes, their own stockholders to profit from dangerous risk
  • he expressed anger over the praise that Warren Buffett has received for pledging billions of his fortune to charity. It was no sacrifice, Conard argued; Buffett still has plenty left over to lead his normal quality of life. By taking billions out of productive investment, he was depriving the middle class of the potential of its 20-to-1 benefits. If anyone was sacrificing, it was those people. “Quit taking a victory lap,” he said, referring to Buffett. “That money was for the middle class.”
  • Perhaps concentrated wealth will inspire a nation of innovative problem-solvers. But if the view of many economists is right — that it sometimes discourages innovation — then we should worry
  • on this one he resorted to anecdotes and gut feelings. During his work at Bain, he said, he saw that successful companies had to battle against one another. Nobody was just given a free ride because of their power. “Was a person, like me, excluded from opportunity?” he asked rhetorically. “If so, I wasn’t aware!”
  • both could be true. The rich could earn a great deal of wealth through their own hard work, skill and luck. They could also use their subsequent influence to make themselves even richer
  • One of the great political and economic challenges of our time is figuring out the balance between wealth that benefits society and wealth that distorts.
  • Glenn Hubbard said only that at a broad level, Romney and Conard share “beliefs about innovation and growth and responsible risk-taking.”
  • Conard and Romney certainly share views on numerous policy matters. Like many Republicans, they promote lower taxes and less regulation for those who achieve financial succes
Javier E

Business - Lori Gottlieb - Why There's No Such Thing as 'Having It All'-and There Never Will Be - The Atlantic - 1 views

  • somebody has to state two basic facts:
  • Nobody, male or female, married or single, young or old, tall or short, educated or not, pretty or plain, wealthy or poor, with kids or without, can have it all -
  • Recognizing this makes people happier!
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  • High powered jobs come with high-powered workloads, high-powered commitments and, often, high-powered salaries. If that's what a person -- male or female, kids or no kids -- chooses, trade-offs will always be involved, whether you're trading your sleep, your health, your leisure time, your social life, or time with your kids.
  • any reasonable adult would explain that the world does not revolve around one particular person; that the child can't be two places at the same time; that she must choose one activity or the other; and that, in so choosing, she gains one opportunity but forfeits another.
  • How does a smart woman like Slaughter still believe in the childlike notion that people (of either gender) can have whatever they want whenever they want it, regardless of life's intrinsic constraints?
  • I work from home three days a week and am away at my office the other two, and as far as my son is concerned, my being home is no different from my being at the office. Am I spending quality time with my son when I'm working from home? No. I'm working! Would I get any work done if I were interacting with my son while trying to focus and write on deadline? Of course not.
  • So why do women with choices have such a hard time accepting this? Thirty years ago women used to complain that they wanted "a wife." Now that women like Slaughter have wives (in the guise of her husband who, functioning as a single dad, took care of two kids and the entire household every weekday for two years while he also held down a job and earned a living), they don't like being the husband very much. To their surprise, it turns that husbands don't "have it all" either. And Slaughter is mad as hell to have worked this hard and given up so much only to discover that being the husband kind of sucks. Being the husband requires far more compromise than she and many high-powered women ever imagined.
  • Most women, given the luxury of choice, might or might not decide to work in some capacity, but they wouldn't decide to be high-powered executives, even if they had the talent, education, and opportunity to do so. As Slaughter discovered about her own desires, they'd rather be doing the carpools and play dates and volunteering at school and staying home when their child has strep throat without suffering massive amounts of guilt. They don't want to die young and look ten years older than their actual age because of undue amounts of stress trying to keep up with their kids' lives and hold down a demanding job at the same time.
  • Just as Slaughter wants it both ways, so does the rhetoric around gender. Look at the recent covers of this magazine. On the one hand, women are told that they're superior to men (Hanna Rosin's "The End of Men," Kate Bolick's there's-a-scarcity-of-men-in-my-league "All the Single Ladies") and in the same breath, that they're victims of them (Slaughter's piece).
  • The real problem is that technology has made it possible to work 24/7, so that the boundary between work and our personal lives has disappeared. Our cubicles are in our pockets, at the dinner table, next to our beds and even next to our children's beds as we're tucking them in. In many households, one income isn't enough, and both men and women have to work long hours -- longer hours than ever before -- to make ends meet.
  • The problem here is that many people work too much -- not just women, and not just parents.
Javier E

To Make America Great Again, We Need to Leave the Country - Elliot Gerson - The Atlantic - 1 views

  • When Americans travel abroad, they are often surprised at how well other countries do the things we used to think America does best. In fact, one reason so many American businesses still lead the world is because they benchmark the competition and emulate best practices. But suggest to an American politician that we should try to learn from other countries, and he will look at you like you are from Mars. It is somehow unpatriotic even to raise such comparisons.
  • The U.S. is, for too many, the only country that matters; experiences anywhere else are irrelevant
  • New statistical evidence of this appears almost weekly. When it comes to student performance in mathematics, we are now 25th among the 34 advanced economies, and behind many developing countries as well. In college attendance, our previous preeminence has long faded; we are now 9th in percentage of younger workers with two-year or four-year degrees, and 12th in college graduation rate. In health, we are 37th in infant mortality and equally low in life expectancy. In environmental performance, we are 61st. In the percentage of people below the poverty line, we are 21st. Even when it comes to the "pursuit of happiness," enshrined in our Declaration of Independence as one of the noble goals of government, our citizens are only the 15th most satisfied with their lives.
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  • Sadly, and shockingly given where the U.S. used to stand in most rankings, few of the best practices foreign leaders want to emulate are any longer in the U.S.
  • Young Americans who see this country from different shores can't help but conclude that something is awry in a political culture that denies what they plainly see elsewhere: health care systems that provide better outcomes at lower cost and for everyone; better airports, faster trains, more extensive urban public transportation--and even, amazingly, better highways; more upward mobility (yes, the American dream is now more real in many other countries than it is here); more sustainable energy policies; elections that work more quickly and inexpensively, with more rational discourse and greater citizen participation. The list is long.
  • Consider some of the things that have fueled that American lantern of attraction for more than two centuries. Perhaps more than anything else, it has been the American Dream: the universal desire of all parents that their children will lead lives better than their own. This dream was given an American name, and not just in American dictionaries. But that dream is dying. And it can't be resuscitated if talented people sit on the political sidelines or don't attend the game at all. According to a recent Rasmussen poll, only 17 percent of Americans believe our national government possesses the consent of the governed. These numbers may not seem shocking, because they've been low for so long. But not always. In 1964, Pew found 77 percent of Americans expected their government to do "the right thing" most of the time.
  • One of the strongest indications of American democratic dysfunction is pervasive and expanding poverty. It is not just its existence in the richest country on earth that is shameful, but its utter absence from political discourse. Most of the poor don't vote; they have largely given up hope. And what national politician talks about poverty? Can you name any? America is moving toward the kind of bifurcated society we used to deride in banana republics--rich getting richer in gated communities, while the poor grow poorer, barely seen in segregated urban ghettos and hidden rural decay. Over 20 million Americans live in extreme poverty. One in 50 Americans' only income is food stamps. Add the poor and the near-poor--that is under $44K for a family of four--and you have more than 100 million people. The richest country in the world now has the highest rate of child poverty in the developed world. The U.S. has gone from being relatively egalitarian to one of the most unequal countries in the world.
  • hese are just a few signs that American government is broken. So why is it so broken? Let's consider the matter of money. When I left for Oxford in 1974, the total spent by all candidates for Congress, House and Senate, was $77 million. In 2010, it was $1.8 billion. Members of Congress spend up to 70 percent of their time raising money; that is their job; they become fundraisers far more than they are legislators. In that same year, 3 percent of retiring Congressmen became lobbyists. Now it's 50 percent of Senators, 42 percent of House members. Critics from the left and right and middle alike call our political finance system one of "legalized bribery."
Javier E

How the Mormons Make Money - Businessweek - 0 views

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