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lilyrashkind

5 Things Victorian Women Didn't Do (Much) - HISTORY - 0 views

  • People lived to an average age of just 40 in 19th-century England, but that number is deceiving. Certainly, infants and children died of disease, malnutrition and mishaps at much higher rates than they do today. But if a girl managed to survive to adulthood, her chance of living to a ripe old age of 50, 60, 70 or even older was quite good. These odds only increased as the century progressed and improvements in sanitation, nutrition and medical care lengthened Victorian lifespans.
  • At the end of the 18th century, the average age of first marriage was 28 years old for men and 26 years old for women.
  • Later in the 19th century, though, marriage between cousins became less common. Increased mobility due to the growth of the railroad and other widespread economic improvements vastly broadened a young lady’s scope of prospective husbands.
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  • They were actually thought to encourage good, healthful posture and to keep the internal organs in proper alignment. And the extreme practice of removing ribs to slim the waist, rumored to have flourished in the Victorian era, simply didn’t exist
  • Today’s approach to gender-specific colors would confuse—and likely amuse—our 19th-century counterparts. White was the preferred color for babies and children of any sex until they reached the age of about 6 or 7, mainly because white clothes and diapers could be bleached. As they grew older, children were dressed in paler versions of the colors adults wore. Red was considered a strong, virile, masculine shade, while blue was dainty, delicate, feminine. So young boys were more frequently seen in pink, while young girls favored pale blue. It wasn’t until the early 20th century—quite possibly as late as the 1940s—that pink began to be universally assigned to girls and blue to boys.
criscimagnael

Why Is Ethiopia at War in the Tigray Region? - The New York Times - 0 views

  • A year of conflict in Ethiopia, Africa’s second most populous country and a linchpin of regional security, has left thousands dead, forced more than two million people from their homes and pushed parts of the country into famine.
  • The tide of the civil war has fluctuated wildly. The government teetered in early November when fighters from Tigray surged south toward the capital, Addis Ababa, forcing Mr. Abiy to declare a state of emergency. Foreigners fled the country and the government detained thousands of civilians from the Tigrayan ethnic group.
  • But weeks later Mr. Abiy pulled off a stunning military reversal, halting the rebel march less than 100 miles from the capital, then forcing them to retreat hundreds of miles to their mountainous stronghold in Tigray.
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  • Mr. Abiy succeeded partly by mobilizing ordinary citizens to take up arms to block the Tigrayan advance. “Nothing will stop us. The enemy will be destroyed,”
  • Drones have also hit refugee camps in Tigray and killed dozens of civilians. Despite recent releases of political prisoners by Mr. Abiy, which prompted a phone call with President Joe Biden, the prospect of a cease-fire seems distant.
  • The conflict threatens to tear apart Ethiopia, a once-firm American ally, and further destabilize the volatile Horn of Africa region.
  • But after he took office in 2018, he set about draining the group of its power and influence in Ethiopia, infuriating the Tigrayan leadership, which retreated to its stronghold of Tigray. Tensions grew.
  • In September 2020, the Tigrayans defied Mr. Abiy by going ahead with regional parliamentary elections that had he had postponed across Ethiopia.
  • Two months later, T.P.L.F. forces attacked a federal military base in Tigray in what they called a pre-emptive strike against federal forces preparing to attack them from a neighboring region.
  • The Ethiopian military suffered a major defeat in June when it was forced to withdraw from Tigray, and several thousand of its soldiers were taken captive.
  • Through it all, civilians have suffered most. Since the war started, witnesses have reported numerous human rights violations, many confirmed by a U.N.-led investigation, of massacres, ethnic cleansing and widespread sexual violence.
  • The T.P.L.F. was born in the mid-1970s as a small militia of ethnic Tigrayans, a group that was long marginalized by the central government, to fight Ethiopia’s Marxist military dictatorship.
  • Tigrayans make up just 6 or 7 percent of Ethiopia’s population, compared with the two largest ethnic groups, the Oromo and the Amhara, which make up over 60 percent.
  • But at home, the Tigrayan-dominated government systematically repressed political opponents and curtailed free speech. Torture was commonplace in government detention centers.
  • Mr. Abiy, a onetime T.P.L.F. ally, moved quickly to purge the old guard. He removed Tigrayan officials from the security services, charged some with corruption or human rights abuses and in 2019 created a new political party. The Tigrayans refused to join.
  • At the same time, he strengthened his ties to President Isaias Afwerki, the authoritarian leader of Eritrea, who nursed a bitter, longstanding grudge against the Tigrayans.
  • But by mid-2020 that peace pact had become an alliance for war on Tigray.
  • Children are dying of malnutrition, soldiers are looting food aid, and relief workers have been prevented from reaching the hardest-hit areas, according to the United Nations and other aid groups. Since July, a government-imposed blockade of Tigray has kept desperately needed aid from reaching the area. In late November, the World Food Program announced that 9.4 million people across northern Ethiopia required food aid.
  • In western Tigray, ethnic Amhara militias have driven tens of thousands of people from their homes as part of what the United States has called an ethnic cleansing campaign.
  • Ethiopia’s ties to the United States, once a close ally, have come under great strain. Mr. Biden has cut off trade privileges for Ethiopia and threatened its leaders with sanctions.
  • He freed political prisoners, abolished controls on the news media and helped mediate conflicts abroad. His peace deal with Eritrea and its authoritarian leader, Mr. Isaias, caused the Ethiopian leader’s international profile to soar and led to his Nobel Peace Prize in 2019.
  • But even before the war erupted in Tigray, Mr. Abiy had resorted to old tactics of repression — shutting down the internet in some areas, arresting journalists and detaining protesters and critics.
  • In a stark speech in November, Mr. Abiy called on soldiers to sacrifice their “blood and bone” to bury his enemies in “a deep pit” and “uphold Ethiopia’s dignity and flag.”
lucieperloff

How Many Countries Will Follow the U.S. Official Snub of Beijing's Olympics? - The New York Times - 0 views

  • New Zealand says it decided months ago that its diplomats wouldn’t be attending.
  • Political leaders of other nations are expected to bow out, whether they announce an explicit reason or not.
  • The White House announcement on Monday that it would send no official delegation prompted anger in Beijing, where Chinese officials on Tuesday once again vowed to retaliate.
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  • Chen Weihua of China Daily, bitingly expressed hope that Mr. Biden would live long enough to see China boycott the Summer Olympics to be held in Los Angeles in 2028.
  • The decision will be especially complicated for European nations, which have sharply criticized China’s abuses of human rights and democracy in Hong Kong and Xinjiang.
  • At the same time, many European nations have extensive trade ties with Beijing that they do not want to jeopardize, especially for a measure that is likely only to offend China, not change it.
  • Major sporting events like the Olympics, with their universal audiences, “can be instrumental for spreading positive values and promoting freedom and human rights at global level,”
  • Italy would not join the American boycott, an Italian government official said on Tuesday, while France, Germany and Britain were noncommittal.
  • Only a handful of world leaders attended the Summer Games in Tokyo, which were held after a year’s delay because of the coronavirus pandemic.
  • “When we have concerns about human rights we let the Chinese know,” Mr. Macron’s office said. “We took sanctions related to Xinjiang last March.”
  • Britain has made no decision on a diplomatic boycott either, but there are calls from within the ruling Conservative Party to do so.
  • The British government’s approach to China has been toughening amid growing tension over Chinese policy in its former colony, Hong Kong, a direct embarrassment to London.
  • The International Campaign for Tibet said in a statement that a boycott was “the right choice both morally and strategically.”
  • Although the American decision had been expected and, administration officials said, conveyed to Beijing in advance of Monday’s announcement, the Communist Party government appeared flustered, as well as angered.
  • Officials in Beijing last week tried to pre-empt any prospect of a diplomatic boycott by saying they would not extend invitations to foreign leaders to attend the Winter Games, leaving that task to national Olympic committees around the world instead.
  • China has very stringent quarantine rules, requiring everyone who enters the country to spend two weeks in isolation, followed by a week or two of daily health monitoring at home or a hotel, with many restrictions on travel and social interactions.
  • Mr. Putin, an avid sportsman and an increasingly close ally of Mr. Xi’s, has not yet given final confirmation of his attendance despite China’s public statement last month that he would attend the opening ceremony, to be held on Feb. 4 in Beijing’s National Stadium, popularly known as the Bird’s Nest.
lilyrashkind

Meet the Youngest Person Executed for Defying the Nazis - HISTORY - 0 views

  • Sixteen-year-old Helmuth Hübener couldn’t believe his ears. As he crouched in a closet in Hamburg, secretly listening to his brother’s forbidden short-wave radio, the voice of the BBC announcer painted a picture of Nazi Germany that was dramatically different from the one he had been told to believe.
  • Germans like Hübener, they spoke of impending victory and praised the greatness of their country. But the Germany the BBC described—and the progress of the war its reporters tracked—sounded like it was on the brink of disaster
  • übener’s short life was shaped by the rise of fascism in Germany. The Nazis changed nearly every facet of everyday life for Germans, and the boy was no exception. A devoted Boy Scout, he was forced to become part of the Hitler Youth, the youth arm of the Nazi Party, when the Nazis banned the organization in 1935.
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  • he quit the Hitler Youth when they participated in Kristallnacht, a night of terror during which Nazi sympathizers destroyed synagogues, set fire to Jewish property and attacked Jews.
  • According to German propaganda, the Pearl Harbor attack had destroyed the United States’ ability to fight a war in Europe. Hübener provided details to the contrary, assuring Germans that rumors of American military weakness were lies. He disputed official accounts of the war on the Eastern front, too, revealing that despite Germany’s insistence that battles in Russia had been won, they were still raging weeks after propaganda reports that victory had already been achieved.
  • Hübener’s actions were extremely risky. Radio had helped the Nazis rise to power by spreading their messages to a mass audience. Once the Third Reich took over Germany, they began to use the radio to control the population. They flooded the airwaves with propaganda broadcasts, spreading false reports of glorious victories and bright prospects where there were none.
  • However, many Germans disobeyed. For people like Hübener, radio from other countries was the only way to learn the truth about the war.
  • These events upset him, and the teenager began to question the Nazis’ hatred of Jews and the Third Reich’s growing control of German society.
  • “The Führer has promised you that 1942 will be decisive and this time he will stop at nothing to keep his promise,” he wrote in one pamphlet. “He will send you by the thousands into the fires in order to finish the crime he started. By the thousands your wives and children will become widows and orphans. And for nothing!”
  • The prison was notorious for its harsh treatment of prisoners and as a site of countless summary executions. For ten weeks, the boys were tortured and intimidated as they awaited trial. When the Nazi head of Hübener’s congregation found out about the arrest, he excommunicated the boy from the Mormon Church
  • “Don’t you?” His friends later told family members that they thought Hübener was purposely baiting the judges so they’d give the other boys less severe sentences.
  • That’s exactly what happened. His friends were sentenced to imprisonment in labor camps, but Helmuth Hübener was convicted of conspiracy to commit high treason and treasonous furthering of the enemy’s causes and sentenced to death by beheading. Because his crime was considered so serious, Hübener’s sentence gave the Nazis legal justification for both his execution as a minor and the torture he had already withstood.
  • On October 27, 1942, guards told Hübener that Adolf Hitler had personally refused to commute his death sentence. Hours later, he was beheaded—the youngest person ever executed by the Third Reich
Javier E

How America's Realtors Repurposed Freedom to Defend Segregation - The Atlantic - 0 views

  • Conservatives in America have, in recent months, used the idea of freedom to argue against wearing masks, oppose vaccine mandates, and justify storming the Capitol. They routinely refer to themselves as “freedom-loving Americans.” Freedom, as a cause, today belongs almost entirely to the right.
  • Victory would depend, realized Spike Wilson, the president of the California Real Estate Association, on convincing the large majority of white voters—who did not want to see themselves as racially prejudiced in any way—that the Realtors were campaigning not for discrimination but for American freedom.
  • The conservative use of the idea of absolute freedom, of freedom as your personal property, to shift American politics to the right came shortly after King’s speech, and indeed was a direct reaction to his argument that one’s own freedom depended on everyone else’s
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  • conservative activists and business leaders designed an opposite idea of American freedom to protect their own interests
  • Realtors had big incentives for maintaining segregation. Having invented it in the early 1900s as a marketing tool for selling homes, they had made segregation central to their business practices. They created racial covenants to exclude members of minority groups from new developments, existing neighborhoods, and entire cities and shaped federal redlining maps, all premised on the idea that anyone selling to minority families was destroying the future of all the neighbors.
  • Despite the Supreme Court outlawing court enforcement of racial covenants in 1948, Realtors used racial steering—such as lying to minority prospective buyers that a home had just been sold and controlling newspaper real-estate listings—so effectively that by the early ’60s, Black Americans were excluded from 98 percent of new homes and 95 percent of neighborhoods.
  • in asking voters to constitutionally authorize residential discrimination in Proposition 14, Realtors had a fundamental problem. How, at the height of the civil-rights movement, could they publicly campaign for sanctioning discrimination in California?
  • The right to be treated equally, to not be discriminated against, to choose where to live, was not part of American freedom but a special privilege.
  • Realtors would need to secretly and systematically redefine American freedom as the freedom to discriminate—to challenge the idea at the heart of the civil-rights movement itself.
  • the national Realtors’ organization created a secret action kit to oppose fair housing everywhere.
  • The kit’s detailed scripts instructed Realtors to “focus on freedom” and avoid “discussion of emotionally charged subjects,” such as “inferiority of races.”
  • Freedom, the kit explained, meant each owner’s right to discriminate, and Realtors were in favor of “freedom for all”: the equal rights of all owners to choose whom to sell to. Realtors claimed that they, unlike civil-rights advocates, were color-blind.
  • Wilson drafted a Property Owners’ Bill of Rights that Realtors advertised in newspapers nationwide, emphasizing owners’ absolute right to dispose of their property—never mentioning anyone’s right to buy or rent a home in the first place
  • This was not always the case. In the early 1960s, civil-rights activists invoked freedom as the purpose of their struggle. Martin Luther King Jr. used the word equality once at the March on Washington, but he used the word freedom 20 times.
  • Realtors thus made government the enemy, not minority groups
  • Thus, the more disparate the issues on which this idea of freedom was invoked—abortion, guns, public schools, gender rights, campaign finance, climate change—the more powerful the message became.
  • By making state bureaucrats the enemy, Realtors could be on the side of the underdog, the individual owner. Proposition 14, Realtors claimed, was not about race but about “the rights of the individual.”
  • To discriminate simply means to choose, Realtors insisted. Freedom of choice required the right to discriminate.
  • To be in favor of Proposition 14, to limit where millions of fellow Americans could live, did not mean that you were prejudiced but that you believed in individual freedom.
  • Wilson cited Abraham Lincoln: “We are involved in a great battle for liberty and freedom. We have prepared a final resting place for the drive to destroy individual freedom.”
  • King’s terms evoked his speech at the March on Washington, but he was now defending shared freedom not against southern diehards but against northern salesmen promoting color-blind “freedom of choice.”
  • Proposition 14’s sweeping passage stunned politicians in both parties. The Realtors’ victory was overwhelming, with 65 percent of the total votes in favor, including 75 percent of the white vote and 80 percent of the white union vote.
  • Reagan, running for governor, adopted the Realtors’ cause and their message as his own: “If an individual wants to discriminate against Negroes or others in selling or renting his house, he has a right to do so.”
  • Reagan and other conservatives saw that the Realtors had zeroed in on something extremely powerful—something whose full force would not be limited to housing segregation but could be used on virtually any issue.
  • Realtors had shown how conservatives could succeed. If this idea of freedom could triumph in California, it could work anywhere.
  • though Realtors have disavowed their past arguments, the vision of freedom they created has had lasting effects on American politics as a whole.
  • This vision of freedom proved so enduring because it solved three structural problems for American conservatism.
  • First, Realtors used the language of individual freedom, of libertarianism, to justify its seeming opposite, community conformity.
  • Here was a way to unite the two separate and competing strands of conservatism, to link libertarians and social conservatives in defense of American freedom—and create the way many, if not most, Americans understand freedom today.
  • Color-blind freedom meant that government must be oblivious to, must forever allow, organized private discrimination.
  • a unifying idea: freedom of choice.
  • Second, by defining as freedom what government seemed to be taking away from “ordinary Americans,” Realtors helped create a polarizing, transcendent view of what was at stake in our politics
  • This picture of government taking away your rights would provide a compelling reason, far beyond economics, for millions of union members, Catholics, and white Americans who had long been part of Franklin D. Roosevelt’s coalition to see, in issue after issue, why they should define themselves as conservatives.
  • Timeliest of all, the Realtors’ redefinition of freedom offered a common ideology for something new in modern America: a national conservative political party
  • The Realtors’ color-blind freedom, which had proved so successful in California, could unite southerners, working-class northern Democrats, and conservative and moderate Republicans in a new national majority party—one very different from the Republican Party whose congressmen had voted 80 percent in favor of the Civil Rights and Voting Rights Acts.
  • Over time, the internal dynamics of a national conservative party would only push it further and further toward those who most ardently embraced the Realtors’ vision of freedom as the only meaning of American freedom. This dynamic has produced today’s Republican Party.
  • Republican politicians now view every issue through this single lens: that American freedom means placing one’s own absolute rights over those of others.
  • To go against that credo, to view freedom as belonging to the country itself and, as such, to everyone equally, threatens the party’s most basic tenet.
  • This idea of freedom is based on a technique that the Realtors perfected. They identified a single, narrow, obscure right, an owner’s right to choose a buyer—which Realtors themselves had restricted for decades with racial covenants—as American freedom itself.
  • Elevating as absolute a right rarely mentioned before, so government cannot limit it or protect the rights of others, became the model for the conservative movement
  • The concept can be and has been used regarding virtually any issue.
  • Everything that is not one of these carefully selected rights becomes, by definition, a privilege that government cannot protect, no matter how fundamental.
  • Since January 6, two-thirds of Republicans—more than 40 percent of all Americans—now see voting not as a basic right, an essential part of our freedom, but as a privilege for those who deserve it.
  • This picture of freedom has a purpose: to effectively prioritize the freedoms of certain Americans over the freedoms of others—without directly saying so
Javier E

Facing Economic Calamity, Putin Talks of Nationalizing Western Businesses. - The New York Times - 0 views

  • Putin on Thursday opened the door to nationalizing the assets of Western companies pulling out of Russia and exhorted senior officials to “act decisively” to preserve jobs.
  • “I have no doubt that these sanctions would have been implemented no matter what,” Mr. Putin said in televised remarks on Thursday, arguing that his intervention in Ukraine served merely as a pretext for the West to try to wreck Russia’s economy.
  • “This will be a gigantic, transformational downturn,”
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  • Russia would see a 15-percent decline in its gross domestic product this year, which would wipe out much of the economic growth that Mr. Putin has presided over since taking office in 1999.
  • Further escalation of the war could lead more countries to refuse to buy Russian energy, the institute’s economists said, “which would drastically impair Russia’s ability to import goods and services, deepening the recession.”
  • The prospect of the Kremlin seizing private assets rattled Russia’s business community. Vladimir Potanin, a metals magnate who is one of Russia’s richest men, released a statement warning that such nationalization would “bring us back 100 years, to 1917” — the year of the Russian Revolution, when the Bolsheviks forcibly took over private enterprises.
  • Those employed by the sprawling public sector and state-owned companies — who make up much of Mr. Putin’s political base — are relatively insulated, with their jobs likely to be secure. By contrast, middle-class Russians whose jobs and lives are tied closely to the world economy, and who are already more likely than the average Russian to oppose Mr. Putin, are under greater threat.
  • “The medicine could turn out to be worse than the illness, even from the point of view of declared goals,” Mr. Enikolopov said, arguing that the sanctions could end up entrenching anti-Western views. “No one is looking at the collateral damage at all.”
  • Timofey Bordachev, a prominent political analyst, wrote that the new “Iron Curtain now descending between the West and Russia” offered the country “an absolutely fantastic chance to start a more meaningful and independent life.”
  • But not all Russians shared that optimism. Interviews with private sector workers across the country on Thursday revealed deep unease and showed that the economic crisis was already taking its toll on jobs and livelihoods.
Javier E

Niall Ferguson: Ukraine Invasion Struggles Could Be the End for Putin - Bloomberg - 0 views

  • What makes history so hard to predict — the reason there is no neat “cycle” of history enabling us to prophesy the future — is that most disasters come out of left field.
  • Unlike hurricanes and auto accidents, to which we can at least attach probabilities, the biggest disasters (pandemics and wars) follow power-law or random distributions. They belong in the realm of uncertainty, or what Nassim Nicholas Taleb, in his book “The Black Swan,” calls  “Extremistan.”
  • What’s more, as I argued in my book “Doom,” disasters don’t come in any predictable sequence.
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  • Ukraine is also receiving vital private-sector assistance, notably the delivery of Starlink internet terminals, which are helping maintain communications
  • All I can do is to apply history, as there is no model from political science or economics that can really help us here.
  • 1. Do the Russians manage to take Kyiv in a matter of two, three, four weeks or never?
  • At least one military analyst I respect said late last week that the Russian invasion force has around two weeks left before serious logistical and supply problems force Putin seriously to the negotiating table.
  • On the other hand, Western media seem over-eager to cover news of Russian reverses, and insufficiently attentive to the harsh fact that the invaders continue to advance on more than one front.
  • A better analogy than the Winter War with Finland may be the Soviet invasion of Afghanistan that began in December 1979.
  • Economic warfare between 1914 and 1918 was not a substitute for sending British armies to fight on the European continent, just as it had not been in the Napoleonic Wars against France.
  • What I cannot tell is whether or not these weapons and other equipment will suffice to sustain Ukrainian resistance over the coming weeks.
  • But the Ukrainians have no real answers to higher-altitude bombardment and missile attacks.
  • 2. Do the sanctions precipitate such a severe economic contraction in Russia that Putin cannot achieve victory?
  • I have heard it said that the breadth and depth of the sanctions imposed on Russia make them unprecedented. I disagree
  • recalls but does not quite match the sanctions that Britain and its allies imposed on Germany at the outbreak of World War
  • It seems there are seven distinct historical processes at work and it’s not clear which is going fastest.
  • Then, as now, it was possible for an increasingly authoritarian government to impose economic controls and divert resources away from civilian consumption to the war effort, while blaming the resulting deprivation on the enemy
  • We should remember that those measures did not defeat Germany, however, because — like Russia today — it had the resources to be self-sufficient
  • no one should forget that self-sufficiency is possible for Russia, albeit at the price of severe austerity, whether it is a choice or a consequence of war.
  • China is able to help Russia in ways that could mitigate the economic shock, just as for years it has helped Iran to circumvent U.S. sanctions by buying its oil.
  • Unlike Soviet citizens, who were accustomed to a state monopoly on communications, today’s Russians have come to rely as much as we do on Big Tech. Being cut off from the metaverse may prove a more psychologically painful deprivation than shortages of imported foods.
  • even a 35% quarterly decline in gross domestic product does not condemn a country to military defeat if its planes can still fly and its tanks still fire rounds.
  • 3. Does the combination of military and economic crisis precipitate a palace coup against Putin?
  • 4. Does the risk of downfall lead Putin to desperate measures (carrying out his nuclear threat)? 
  • The people with the power to arrest Putin are the people he counts on to execute his arrest orders: Nikolai Patrushev, the head of the Security Council and, like Putin, a long-serving KGB officer; Sergei Naryshkin, the head of foreign intelligence; and Alexander Bortnikov, who heads the Federal Security Service, the successor to the KGB.
  • 6. Does the West’s attention deficit disorder kick in before any of this?
  • If Putin’s goal was to deter members of NATO from offering direct military assistance to Ukraine, it seemed to have some effect.
  • Russian casualties are being caused by Ukrainians using arms supplied by multiple NATO countries, including the U.S. and Turkey, but they are mostly crossing into Ukraine from Poland. Might Putin therefore strike a target in eastern Poland — Lublin, say, or Przemysl?
  • he is surely more likely to do so if believes the U.S. would not immediately retaliate in kind against a Russian target. A key lesson of this entire crisis has been that indications of weakness on the U.S. side, which I discussed here last week, have emboldened Putin.
  • 5. Do the Chinese keep Putin afloat but on the condition that he agrees to a compromise peace that they offer to broker?
  • My guess is that the Chinese make no serious diplomatic move until they are convinced Putin’s invasion is thoroughly bogged down in Ukraine’s spring mud.
  • I would not bet the fate of Ukraine on Russian internal politics.
  • Remarkably, one U.S. legislator told me last week that he “couldn’t recall an issue more obsessively followed and more unifying among” his constituents.
  • The only real significance of Western public outrage at Putin’s actions is the political pressure it exerts on Biden and other leaders to take a tougher line with Russia.
  • 7. What is the collateral damage?
  • History shows that wars (much more than pandemics) are the most common cause of jumps in inflation.
  • The best-known recent illustration is the way wars in 1973 (Yom Kippur) and 1979 (Iran-Iraq) contributed to the great inflation of the Seventies
  • these price spikes are not confined to oil and gas but involve a host of other commodities. The prospect of this year’s Ukrainian grain harvest being disrupted means a significant surge in food prices, with all kinds of consequences, especially in developing countries.
  • A tsunami of war has struck Ukraine. Whether the Russian tide flows or ebbs in the coming weeks will do much to determine the course of world history for the rest of our lives.
  • Nor can we ignore the risks that may be lurking within the international financial system.
  • This is the first big crisis of Cold War II, which is in many ways like a mirror image of Cold War I, with China the senior partner, Russia the junior, and a hot war in Eastern Europe rather than East Asia (it was Korea’s turn in 1950).
  • I do not know how the crisis will turn out, but I do know it will have profound consequences for the course of the superpower contest.
  • If the invasion of Ukraine ends in disaster for the heroic defenders of Kyiv and their comrades, another disaster may well follow — and it could occur as far away as Taiwan. Conversely, if there is justice in the world and the disaster befalls the architect of this war, that too will give birth to some fresh and unforeseeable event.
  • Add these seven imponderables together and you see how profoundly important the next few weeks will be.
  • The failure of the administration to signal that it would retaliate is of a piece with last year’s reports that Biden’s national security team was considering ruling out first use of nuclear weapons in its new national military strategy. Nuclear missiles cease to be a deterrent if one side is unwilling to use them.
  • Today, however, the boot is on the other foot. Not only is Putin intimidating NATO; he may have achieved something more, namely a tacit admission by the Biden administration that it would not necessarily retaliate with nuclear weapons if Russia used them.
Javier E

Putin is risking a Kremlin coup, says ex-Russian minister | News | The Times - 0 views

  • As analysts ponder the state of Putin’s mental health, Kozyrev, 70, caused a stir this week with a declaration on Twitter that he considered the president’s war calculus rational. “It’s horrific but it’s not irrational,” he wrote. “To understand why the invasion was rational for Putin, we have to step into his shoes.”
  • Through the president’s lens, there was a need to bring western-leaning Ukraine back into the Kremlin fold since the Maidan Uprising of 2014 that ousted its pro-Russian president Viktor Yanukovych. However, of the money that Putin thought had gone into his military, billions of roubles was plundered. And the narrative around the West’s state of weakness was propaganda spread among Russia’s ruling elite,
  • Putin miscalculated, “but that doesn’t make him insane. Simply wrong and immoral”. Kozyrev told The Times: “Even if he takes Kyiv with a couple of other cities, it leads nowhere. This war is unwinnable for Putin because he fights against the people.”
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  • The 1979-1989 Soviet-Afghan war should have been a valuable lesson, he said. “It also started with an invasion and looked like the Soviets were winning. But after that, the West provided assets like Stinger missiles and then it became evident that the ground war started to fall apart . . . the Soviet Union had to evacuate its forces and was defeated,” Kozyrev said. “That was a heavy blow to Soviet stability. My prediction is the same for Russia now . . . the probably very dramatic outcome, like the Soviet Union, of collapse.”
  • For Putin to have nuclear intentions, he would need to be suicidal, a prospect that Kozyrev scoffs at. For all his hard-man posturing, the president has family, friends and too much of a liking for beautiful women and fine wine to press the nuclear button, he believes. “He’s just a kind of guy able to be brazen and he has more risk tolerance and that’s the problem with the West.”
criscimagnael

Texas Supreme Court Shuts Down Final Challenge to Abortion Law - The New York Times - 0 views

  • The Texas Supreme Court on Friday effectively shut down a federal challenge to the state’s novel and controversial ban on abortion after about six weeks of pregnancy, closing off what abortion rights advocates said was their last, narrow path to blocking the new law.
  • The Texas law, which several states are attempting to copy, puts enforcement in the hands of civilians. It offers the prospect of $10,000 rewards for successful lawsuits against anyone — from an Uber driver to a doctor — who “aids or abets” a woman who gets an abortion once fetal cardiac activity can be detected.
  • It is the most restrictive abortion law in the nation, and flies in the face of the Supreme Court’s landmark 1973 decision in Roe v. Wade, which prohibits states from banning the procedure before a fetus is viable outside the womb, which is currently about 23 weeks of pregnancy.
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  • On Friday, the justices of the Texas Supreme Court, all Republicans, said that those officials did not, in fact, have any power to enforce the law, “either directly or indirectly,” and so could not be sued.
  • “This measure, which has saved thousands of unborn babies, remains fully in effect, and the pro-abortion plaintiffs’ lawsuit against the state is essentially finished,” he wrote on Twitter.
  • The law allows no exceptions for abortion even in the case of women who have been raped or are victims of incest. It has thrown Texas abortion providers into crisis, and similar legislation is pending around the country.
  • “If conservative states want to do things that may not look constitutional even to this Supreme Court, they can use a bounty system to achieve that,” Professor Ziegler said. “The message sent by the Texas litigation was that if you have concerns that you might lose a constitutional challenge, that shouldn’t hold you back. Because you can use this road map to keep the case out of federal court entirely.”
  • “We’ve known that this lawsuit all along was just invalid and should have been dismissed, and now the fact that we’re on that trajectory now is encouraging,” Ms. Schwartz said, adding that the movement “is not going to let our foot off the gas yet.”
  • Amy Hagstrom Miller, the chief executive of Whole Woman’s Health, the clinic that sued to stop S.B. 8, said “the courts have failed us.”
  • “This ban does not change the need for abortion in Texas, it just blocks people from accessing the care they need,” she said. “The situation is becoming increasingly dire,”
  • Many women have traveled to Oklahoma for the procedure, but this week the State Senate passed its own six-week ban modeled on the Texas law. The Idaho Senate passed a similar law last week. Lawmakers in other states have proposed similar bans, but have held off in hopes that the Supreme Court decision, expected in June, will allow them to ban abortion entirely.
Javier E

Why Did So Many People Stop Going to Church? - The Atlantic - 0 views

  • Forty million Americans have stopped attending church in the past 25 years. That’s something like 12 percent of the population, and it represents the largest concentrated change in church attendance in American history
  • This change is also bad news for America as a whole: Participation in a religious community generally correlates with better health outcomes and longer life, higher financial generosity, and more stable families
  • A new book, written by Jim Davis, a pastor at an evangelical church in Orlando, and Michael Graham, a writer with the Gospel Coalition, draws on surveys of more than 7,000 Americans by the political scientists Ryan Burge and Paul Djupe, attempting to explain why people have left churches—or “dechurched,
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  • an intriguing possibility: What if the problem isn’t that churches are asking too much of their members, but that they aren’t asking nearly enough?
  • The Great Dechurching finds that religious abuse and more general moral corruption in churches have driven people away
  • But Davis and Graham also find that a much larger share of those who have left church have done so for more banal reasons. The book suggests that the defining problem driving out most people who leave is … just how American life works in the 21st century.
  • Contemporary America simply isn’t set up to promote mutuality, care, or common life. Rather, it is designed to maximize individual accomplishment as defined by professional and financial success
  • Such a system leaves precious little time or energy for forms of community that don’t contribute to one’s own professional life or, as one ages, the professional prospects of one’s children
  • Workism reigns in America, and because of it, community in America, religious community included, is a math problem that doesn’t add up.
  • for most Americans who were once a part of churches but have since left, the process of leaving was gradual, and in many cases they didn’t realize it was even happening until it already had. It’s less like jumping off a cliff and more like driving down a slope, eventually realizing that you can no longer see the place you started from.
  • a typical evangelical dechurcher: a 30-something woman who grew up in a suburban megachurch, was heavily invested in a campus ministry while in college, then after graduating moved into a full-time job and began attending a young-adults group in a local church. In her 20s, she meets a guy who is less religiously engaged, they get married, and, at some point early in their marriage, after their first or second child is born, they stop going to church. Maybe the baby isn’t sleeping well
  • In other cases, a person might be entering mid-career, working a high-stress job requiring a 60- or 70-hour workweek. Add to that 15 hours of commute time, and suddenly something like two-thirds of their waking hours in the week are already accounted for. And so when a friend invites them to a Sunday-morning brunch, they probably want to go to church, but they also want to see that friend, because they haven’t been able to see them for months. The friend wins out.
  • After a few weeks of either scenario, the thought of going to church on Sunday carries a certain mental burden with it—you might want to go, but you also dread the inevitable questions about where you have been.
  • The underlying challenge for many is that their lives are stretched like a rubber band about to snap—and church attendance ends up feeling like an item on a checklist that’s already too long.
  • In theory, the Christian Church could be an antidote to all that. What is more needed in our time than a community marked by sincere love, sharing what they have from each according to their ability and to each according to their need, eating together regularly, generously serving neighbors, and living lives of quiet virtue and prayer
  • A healthy church can be a safety net
  • Perhaps more important, it reminds people that their identity is not in their job or how much money they make; they are children of God, loved and protected and infinitely valuable.
  • But a vibrant, life-giving church requires more, not less, time and energy from its members. It asks people to prioritize one another over our career, to prioritize prayer and time reading scripture over accomplishment.
  • If people are already leaving—especially if they are leaving because they feel too busy and burned out to attend church regularly—why would they want to be part of a church that asks so much of them?
  • The problem in front of us is not that we have a healthy, sustainable society that doesn’t have room for church. The problem is that many Americans have adopted a way of life that has left us lonely, anxious, and uncertain of how to live in community with other people.
  • The tragedy of American churches is that they have been so caught up in this same world that we now find they have nothing to offer these suffering people that can’t be more easily found somewhere else
  • American churches have too often been content to function as a kind of vaguely spiritual NGO, an organization of detached individuals who meet together for religious services that inspire them, provide practical life advice, or offer positive emotional experiences
  • Too often it has not been a community that through its preaching and living bears witness to another way to live.
  • The theologian Stanley Hauerwas captured the problem well when he said that “pastoral care has become obsessed with the personal wounds of people in advanced industrial societies who have discovered that their lives lack meaning.” The difficulty is that many of the wounds and aches provoked by our current order aren’t of a sort that can be managed or life-hacked away. They are resolved only by changing one’s life, by becoming a radically different sort of person belonging to a radically different sort of community.
  • this community was thriving not because it found ways to scale down what it asked of its members but because it found a way to scale up what they provided to one another
  • Their way of living frees them from the treadmill of workism. Work, in this community, is judged not by the money it generates but by the people it serves. In a workist culture that believes dignity is grounded in accomplishment, simply reclaiming this alternative form of dignity becomes a radical act.
  • In the Gospels, Jesus tells his first disciples to leave their old way of life behind, going so far as abandoning their plow or fishing nets where they are and, if necessary, even leaving behind their parents. A church that doesn’t expect at least this much from one another isn’t really a church in the way Jesus spoke about it
  • , it also is likely a church that won’t survive the challenges facing us today.
  • The great dechurching could be the beginning of a new moment for churches, a moment marked less by aspiration to respectability and success, with less focus on individuals aligning themselves with American values and assumptions
  • Churches could model better, truer sorts of communities, ones in which the hungry are fed, the weak are lifted up, and the proud are cast down
Javier E

Why Russia's War in Ukraine Could Run for Years - WSJ - 0 views

  • Russia’s war on Ukraine is in danger of becoming a protracted struggle that lasts several more years. The reason isn’t just that the front-line combat is a slow-moving slog, but also that none of the main actors have political goals that are both clear and attainable.
  • Ukraine’s central war aim—restoring its territorial integrity—is the clearest, but appears a distant prospect given the limits of Western support. The U.S. and key European allies such as Germany want to prevent Russia from winning, but fear the costs and risks of helping Ukraine to full victory.
  • Russian President Vladimir Putin’s declared aims are the most elastic, ranging from ambitious imperial schemes to more limited land grabs, and shifting with Russia’s military fortunes. His long-term objective of bringing Ukraine back under Moscow’s sway looks unrealistic now, but Ukrainians believe he would treat smaller gains as mere steppingstones, rendering treacherous any peace based on concessions.
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  • President Biden has said the goal of U.S. aid is to put Ukraine in the strongest possible position for eventual peace negotiations, without saying under what conditions it should negotiate.
  • But throughout the war, strengthening Ukraine with decisive firepower has clashed with another, overriding Western priority: to avoid uncontrolled escalation that leads to a direct war with Russia or to Putin using nuclear weapons.
  • A drawback of the U.S.’s incremental approach to military aid: Without a battlefield breakthrough, Kyiv doesn’t want to negotiate peace—and Moscow doesn’t have to.
  • “You end up in a strange middle ground where you’re not necessarily able to accomplish that second goal of putting Ukraine in a position of strength that makes negotiations possible.”
  • The thinking stems from an eagerness to contain a conflict whose shock waves have been felt across the global economy, uncertainty about how long Western voters will support the current levels of aid for Kyiv and disbelief that Ukraine can fully expel Russian forces.
  • arl von Clausewitz famously wrote that “war is a mere continuation of policy by other means,” stressing that military force is an instrument for attaining a political goal. Some unsuccessful wars have resulted less from lost battles than from the lack of an achievable political aim, so that campaigns came to be seen as draining and fruitless. Modern examples arguably include the Soviet and U.S. failures in Afghanistan and America’s defeat in Vietnam.
  • Some observers believe the state of war against Ukraine and its Western backers is becoming an end in itself, the raison d’être of a regime that can no longer offer economic growth and stability.
  • Russia hasn’t given up its maximal goal, pursued in many neighboring countries for years, Polyakova said: to reassert its old sphere of influence and stop countries such as Ukraine from moving further West—whether that means domination or turning them into failed states. The Kremlin’s lesser declared aims are tactical maneuvering
Javier E

Sound of Freedom: gritty child-trafficking film proves surprise hit - 0 views

  • the gritty child-trafficking thriller billed as the “film Hollywood did not want you to see” has defied all expectations, beating Harrison Ford’s movie on Independence Day and earning rave reviews from fans — including Mel Gibson, who wept after watching it.
  • The film made $14.2 million on its opening day on July 4, while Indiana Jones, which was released late last month, took in $11 million despite being available in far more cinemas.
  • Caviezel, 54, who has been accused of promoting conspiracy theories about child sacrifice, said the film’s success was proof that Americans are “waking up” to the evil industry.
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  • It is unashamedly religious pronouncements such as this from Caviezel that have attracted widespread support from conservatives and right-wing influencers who have helped fuel Sound of Freedom’s surprise success.
  • Caviezel mentioned “the adrenochroming of children”, referring to a macabre blood-harvesting conspiracy theory circulating among some online communities. His controversial claims do not appear to have harmed Sound of Freedom’s prospects at the box office
  • The film, which has a reported budget of $14.5 million, was completed in 2018 and spent years bouncing around Hollywood after being rejected by major studios, including Disney.
  • The studio raised the cost of releasing Sound of Freedom through courting investments from the public, with about 7,000 people chipping in between $10 and $25,000 each.
  • Michael Grace, a Hollywood writer and producer, said the success of Sound of Freedom may convince studios to diversify from “woke” content.
  • “And it’s like they’re not realising it’s a business and they’re not asking ‘Are we going to make any money on this?’ They may look at this movie and realise it’s doing as well as Harrison Ford.”
Javier E

The End of Men - The Atlantic - 0 views

  • Earlier this year, women became the majority of the workforce for the first time in U.S. history. Most managers are now women too. And for every two men who get a college degree this year, three women will do the same
  • Why wouldn’t you choose a girl? That such a statement should be so casually uttered by an old cowboy like Ericsson—or by anyone, for that matter—is monumental. For nearly as long as civilization has existed, patriarchy—enforced through the rights of the firstborn son—has been the organizing principle, with few exceptions
  • “You have to be concerned about the future of all women,” Roberta Steinbacher, a nun-turned-social-psychologist, said in a 1984 People profile of Ericsson. “There’s no question that there exists a universal preference for sons.”
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  • In the ’90s, when Ericsson looked into the numbers for the two dozen or so clinics that use his process, he discovered, to his surprise, that couples were requesting more girls than boys, a gap that has persisted, even though Ericsson advertises the method as more effective for producing boys. In some clinics, Ericsson has said, the ratio is now as high as 2 to 1.
  • A newer method for sperm selection, called MicroSort, is currently completing Food and Drug Administration clinical trials. The girl requests for that method run at about 75 percent.
  • Even more unsettling for Ericsson, it has become clear that in choosing the sex of the next generation, he is no longer the boss. “It’s the women who are driving all the decisions,”
  • Now the centuries-old preference for sons is eroding—or even reversing. “Women of our generation want daughters precisely because we like who we are,”
  • what if equality isn’t the end point? What if modern, postindustrial society is simply better suited to women?
  • Even Ericsson, the stubborn old goat, can sigh and mark the passing of an era. “Did male dominance exist? Of course it existed. But it seems to be gone now. And the era of the firstborn son is totally gone.”
  • Ericsson’s extended family is as good an illustration of the rapidly shifting landscape as any other. His 26-year-old granddaughter—“tall, slender, brighter than hell, with a take-no-prisoners personality”—is a biochemist and works on genetic sequencing. His niece studied civil engineering at the University of Southern California. His grandsons, he says, are bright and handsome, but in school “their eyes glaze over. I have to tell ’em: ‘Just don’t screw up and crash your pickup truck and get some girl pregnant and ruin your life.’
  • Man has been the dominant sex since, well, the dawn of mankind. But for the first time in human history, that is changing—and with shocking speed. Cultural and economic changes always reinforce each other
  • And the global economy is evolving in a way that is eroding the historical preference for male children, worldwide
  • Over several centuries, South Korea, for instance, constructed one of the most rigid patriarchal societies in the world.
  • As recently as 1985, about half of all women in a national survey said they “must have a son.” That percentage fell slowly until 1991 and then plummeted to just over 15 percent by 2003. Male preference in South Korea “is over,” says Monica Das Gupta, a demographer and Asia expert at the World Bank. “It happened so fast. It’s hard to believe it, but it is.” The same shift is now beginning in other rapidly industrializing countries such as India and China.
  • As thinking and communicating have come to eclipse physical strength and stamina as the keys to economic success, those societies that take advantage of the talents of all their adults, not just half of them, have pulled away from the rest. And because geopolitics and global culture are, ultimately, Darwinian, other societies either follow suit or end up marginalized
  • None of the 30 or so men sitting in a classroom at a downtown Kansas City school have come for voluntary adult enrichment. Having failed to pay their child support, they were given the choice by a judge to go to jail or attend a weekly class on fathering, which to them seemed the better deal.
  • in the U.S., the world’s most advanced economy, something much more remarkable seems to be happening. American parents are beginning to choose to have girls over boys. As they imagine the pride of watching a child grow and develop and succeed as an adult, it is more often a girl that they see in their mind’s eye.
  • What if the modern, postindustrial economy is simply more congenial to women than to men?
  • what if men and women were fulfilling not biological imperatives but social roles, based on what was more efficient throughout a long era of human history? What if that era has now come to an end? More to the point, what if the economics of the new era are better suited to women?
  • Once you open your eyes to this possibility, the evidence is all around you. It can be found, most immediately, in the wreckage of the Great Recession, in which three-quarters of the 8 million jobs lost were lost by men.
  • The recession merely revealed—and accelerated—a profound economic shift that has been going on for at least 30 years
  • Earlier this year, for the first time in American history, the balance of the workforce tipped toward women, who now hold a majority of the nation’s job
  • With few exceptions, the greater the power of women, the greater the country’s economic success
  • Women dominate today’s colleges and professional schools—for every two men who will receive a B.A. this year, three women will do the same. Of the 15 job categories projected to grow the most in the next decade in the U.S., all but two are occupied primarily by women
  • Indeed, the U.S. economy is in some ways becoming a kind of traveling sisterhood: upper-class women leave home and enter the workforce, creating domestic jobs for other women to fill.
  • The postindustrial economy is indifferent to men’s size and strength. The attributes that are most valuable today—social intelligence, open communication, the ability to sit still and focus—are, at a minimum, not predominantly male. In fact, the opposite may be true
  • Yes, women still do most of the child care. And yes, the upper reaches of society are still dominated by men. But given the power of the forces pushing at the economy, this setup feels like the last gasp of a dying age rather than the permanent establishment
  • In his final book, The Bachelors’ Ball, published in 2007, the sociologist Pierre Bourdieu describes the changing gender dynamics of Béarn, the region in southwestern France where he grew up. The eldest sons once held the privileges of patrimonial loyalty and filial inheritance in Béarn. But over the decades, changing economic forces turned those privileges into curses. Although the land no longer produced the impressive income it once had, the men felt obligated to tend it. Meanwhile, modern women shunned farm life, lured away by jobs and adventure in the city
  • The role reversal that’s under way between American men and women shows up most obviously and painfully in the working class
  • The working class, which has long defined our notions of masculinity, is slowly turning into a matriarchy, with men increasingly absent from the home and women making all the decisions
  • “Let’s see,” he continues, reading from a worksheet. What are the four kinds of paternal authority? Moral, emotional, social, and physical. “But you ain’t none of those in that house. All you are is a paycheck, and now you ain’t even that. And if you try to exercise your authority, she’ll call 911. How does that make you feel? You’re supposed to be the authority, and she says, ‘Get out of the house, bitch.’ She’s calling you ‘bitch’!”
  • Just about the only professions in which women still make up a relatively small minority of newly minted workers are engineering and those calling on a hard-science background, and even in those areas, women have made strong gains since the 1970s.
  • “Who’s doing what?” he asks them. “What is our role? Everyone’s telling us we’re supposed to be the head of a nuclear family, so you feel like you got robbed. It’s toxic, and poisonous, and it’s setting us up for failure.” He writes on the board: $85,000. “This is her salary.” Then: $12,000. “This is your salary. Who’s the damn man? Who’s the man now?” A murmur rises. “That’s right. She’s the man.”
  • In 1950, roughly one in 20 men of prime working age, like Henderson, was not working; today that ratio is about one in five, the highest ever recorded.
  • Men dominate just two of the 15 job categories projected to grow the most over the next decade: janitor and computer engineer. Women have everything else—nursing, home health assistance, child care, food preparation
  • Many of the new jobs, says Heather Boushey of the Center for American Progress, “replace the things that women used to do in the home for free.” None is especially high-paying. But the steady accumulation of these jobs adds up to an economy that, for the working class, has become more amenable to women than to men.
  • The list of growing jobs is heavy on nurturing professions, in which women, ironically, seem to benefit from old stereotypes and habits.
  • The men in that room, almost without exception, were casualties of the end of the manufacturing era. Most of them had continued to work with their hands even as demand for manual labor was declining.
  • Many professions that started out as the province of men are now filled mostly with women—secretary and teacher come to mind. Yet I’m not aware of any that have gone the opposite way. Nursing schools have tried hard to recruit men in the past few years, with minimal success. Teaching schools, eager to recruit male role models, are having a similarly hard time
  • The range of acceptable masculine roles has changed comparatively little, and has perhaps even narrowed as men have shied away from some careers women have entered. As Jessica Grose wrote in Slate, men seem “fixed in cultural aspic.” And with each passing day, they lag further behind.
  • women are also starting to dominate middle management, and a surprising number of professional careers as well. According to the Bureau of Labor Statistics, women now hold 51.4 percent of managerial and professional jobs—up from 26.1 percent in 1980
  • About a third of America’s physicians are now women, as are 45 percent of associates in law firms—and both those percentages are rising fast.
  • When we look back on this period, argues Jamie Ladge, a business professor at Northeastern University, we will see it as a “turning point for women in the workforce.”
  • A white-collar economy values raw intellectual horsepower, which men and women have in equal amounts. It also requires communication skills and social intelligence, areas in which women, according to many studies, have a slight edge. Perhaps most important—for better or worse—it increasingly requires formal education credentials, which women are more prone to acquire,
  • The men are black and white, their ages ranging from about 20 to 40. A couple look like they might have spent a night or two on the streets, but the rest look like they work, or used to. Now they have put down their sodas, and El-Scari has their attention, so he gets a little more philosophical
  • Companies began moving out of the city in search not only of lower rent but also of the “best educated, most conscientious, most stable workers.” They found their brightest prospects among “underemployed females living in middle-class communities on the fringe of the old urban areas.” As Garreau chronicles the rise of suburban office parks, he places special emphasis on 1978, the peak year for women entering the workforce. When brawn was off the list of job requirements, women often measured up better than men. They were smart, dutiful, and, as long as employers could make the jobs more convenient for them, more reliable
  • Near the top of the jobs pyramid, of course, the upward march of women stalls. Prominent female CEOs, past and present, are so rare that they count as minor celebrities,
  • Only 3 percent of Fortune 500 CEOs are women, and the number has never risen much above that.
  • What are these talents? Once it was thought that leaders should be aggressive and competitive, and that men are naturally more of both. But psychological research has complicated this picture. In lab studies that simulate negotiations, men and women are just about equally assertive and competitive, with slight variations. Men tend to assert themselves in a controlling manner, while women tend to take into account the rights of others, but both styles are equally effective,
  • Researchers have started looking into the relationship between testosterone and excessive risk, and wondering if groups of men, in some basic hormonal way, spur each other to make reckless decisions. The picture emerging is a mirror image of the traditional gender map: men and markets on the side of the irrational and overemotional, and women on the side of the cool and levelheaded.
  • the perception of the ideal business leader is starting to shift. The old model of command and control, with one leader holding all the decision-making power, is considered hidebound. The new model is sometimes called “post-heroic,” or “transformational”
  • he aim is to behave like a good coach, and channel your charisma to motivate others to be hardworking and creative. The model is not explicitly defined as feminist, but it echoes literature about male-female differences
  • Most important, women earn almost 60 percent of all bachelor’s degrees—the minimum requirement, in most cases, for an affluent life.
  • Firms that had women in top positions performed better, and this was especially true if the firm pursued what the researchers called an “innovation intensive strategy,” in which, they argued, “creativity and collaboration may be especially important”
  • he association is clear: innovative, successful firms are the ones that promote women. The same Columbia-Maryland study ranked America’s industries by the proportion of firms that employed female executives, and the bottom of the list reads like the ghosts of the economy past: shipbuilding, real estate, coal, steelworks, machinery.
  • To see the future—of the workforce, the economy, and the culture—you need to spend some time at America’s colleges and professional schools
  • emographically, we can see with absolute clarity that in the coming decades the middle class will be dominated by women.
  • Women now earn 60 percent of master’s degrees, about half of all law and medical degrees, and 42 percent of all M.B.A.s
  • “We never explicitly say, ‘Develop your feminine side,’ but it’s clear that’s what we’re advocating,” s
  • n a stark reversal since the 1970s, men are now more likely than women to hold only a high-school diploma.
  • ne would think that if men were acting in a rational way, they would be getting the education they need to get along out there,” says Tom Mortenson, a senior scholar at the Pell Institute for the Study of Opportunity in Higher Education. “But they are just failing to adapt.”
  • I visited a few schools around Kansas City to get a feel for the gender dynamics of higher education. I started at the downtown campus of Metropolitan Community College. Metropolitan is the kind of place where people go to learn practical job skills and keep current with the changing economy, and as in most community colleges these days, men were conspicuously absent.
  • the tidal wave of women continues to wash through the school—they now make up about 70 percent of its students. They come to train to be nurses and teachers
  • As for the men? Well, little has changed. “I recall one guy who was really smart,” one of the school’s counselors told me. “But he was reading at a sixth-grade level and felt embarrassed in front of the women. He had to hide his books from his friends, who would tease him when he studied. Then came the excuses. ‘It’s spring, gotta play ball.’ ‘It’s winter, too cold.’ He didn’t make it.”
  • “The economy isn’t as friendly to men as it once was,” says Jacqueline King, of the American Council on Education. “You would think men and women would go to these colleges at the same rate.” But they don’t.
  • Men, it turned out, had a harder time committing to school, even when they desperately needed to retool. They tended to start out behind academically, and many felt intimidated by the schoolwork. They reported feeling isolated and were much worse at seeking out fellow students, study groups, or counselors to help them adjust.
  • Mothers going back to school described themselves as good role models for their children. Fathers worried that they were abrogating their responsibilities as breadwinner.
  • it began showing up not just in community and liberal-arts colleges but in the flagship public universities—the UCs and the SUNYs and the UNCs.
  • Guys high-five each other when they get a C, while girls beat themselves up over a B-minus. Guys play video games in each other’s rooms, while girls crowd the study hall. Girls get their degrees with no drama, while guys seem always in danger of drifting away.
  • realized how much the basic expectations for men and women had shifted. Many of the women’s mothers had established their careers later in life, sometimes after a divorce, and they had urged their daughters to get to their own careers more quickly. They would be a campus of Tracy Flicks, except that they seemed neither especially brittle nor secretly falling apart.
  • Among traditional college students from the highest-income families, the gender gap pretty much disappears. But the story is not so simple. Wealthier students tend to go to elite private schools, and elite private schools live by their own rules.
  • Quietly, they’ve been opening up a new frontier in affirmative action, with boys playing the role of the underprivileged applicants needing an extra boost
  • among selective liberal-arts schools, being male raises the chance of college acceptance by 6.5 to 9 percentage points
  • the U.S. Commission on Civil Rights has voted to investigate what some academics have described as the “open secret” that private schools “are discriminating in admissions in order to maintain what they regard as an appropriate gender balance.”
  • To avoid crossing the dreaded 60 percent threshold, admissions officers have created a language to explain away the boys’ deficits: “Brain hasn’t kicked in yet.” “Slow to cook.” “Hasn’t quite peaked.” “Holistic picture.”
  • Clearly, some percentage of boys are just temperamentally unsuited to college, at least at age 18 or 20, but without it, they have a harder time finding their place these days
  • “Forty years ago, 30 years ago, if you were one of the fairly constant fraction of boys who wasn’t ready to learn in high school, there were ways for you to enter the mainstream economy,” says Henry Farber, an economist at Princeton. “When you woke up, there were jobs. There were good industrial jobs, so you could have a good industrial, blue-collar career. Now those jobs are gone.”
  • the disparities start before college. Throughout the ’90s, various authors and researchers agonized over why boys seemed to be failing at every level of education, from elementary school on up
  • identified various culprits: a misguided feminism that treated normal boys as incipient harassers (Christina Hoff Sommers); different brain chemistry (Michael Gurian); a demanding, verbally focused curriculum that ignored boys’ interests (Richard Whitmire)
  • t’s not all that clear that boys have become more dysfunctional—or have changed in any way. What’s clear is that schools, like the economy, now value the self-control, focus, and verbal aptitude that seem to come more easily to young girls.
  • movement is growing for more all-boys schools and classes, and for respecting the individual learning styles of boys
  • In their desperation to reach out to boys, some colleges have formed football teams and started engineering programs.
  • allowing generations of boys to grow up feeling rootless and obsolete is not a recipe for a peaceful future. Men have few natural support groups and little access to social welfare; the men’s-rights groups that do exist in the U.S. are taking on an angry, antiwoman edge.
  • Marriages fall apart or never happen at all, and children are raised with no fathers. Far from being celebrated, women’s rising power is perceived as a threat.
  • his is the first time that the cohort of Americans ages 30 to 44 has more college-educated women than college-educated men, and the effects are upsetting the traditional Cleaver-family dynamics. In 1970, women contributed 2 to 6 percent of the family income. Now the typical working wife brings home 42.2 percent, and four in 10 mothers—many of them single mothers—are the primary breadwinners in their familie
  • ncreasing numbers of women—unable to find men with a similar income and education—are forgoing marriage altogether. In 1970, 84 percent of women ages 30 to 44 were married; now 60 percent are.
  • or all the hand-wringing over the lonely spinster, the real loser in society—the only one to have made just slight financial gains since the 1970s—is the single man, whether poor or rich, college-educated or not. Hens rejoice; it’s the bachelor party that’s over.
  • The sociologist Kathryn Edin spent five years talking with low-income mothers in the inner suburbs of Philadelphia. Many of these neighborhoods, she found, had turned into matriarchies, with women making all the decisions and dictating what the men should and should not do. “I think something feminists have missed,” Edin told me, “is how much power women have” when they’re not bound by marriage
  • he women, she explained, “make every important decision”—whether to have a baby, how to raise it, where to live. “It’s definitely ‘my way or the highway,’
  • Thirty years ago, cultural norms were such that the fathers might have said, ‘Great, catch me if you can.’ Now they are desperate to father, but they are pessimistic about whether they can meet her expectations.” The women don’t want them as husbands, and they have no steady income to provide. So what do they have?
  • Nothing,” Edin says. “They have nothing. The men were just annihilated in the recession of the ’90s, and things never got better. Now it’s just awful.”
  • The phenomenon of children being born to unmarried parents “has spread to barrios and trailer parks and rural areas and small towns,” Edin says, and it is creeping up the class ladder. After staying steady for a while, the portion of American children born to unmarried parents jumped to 40 percent in the past few years.
  • Many of their mothers are struggling financially; the most successful are working and going to school and hustling to feed the children, and then falling asleep in the elevator of the community college.
  • Still, they are in charge. “The family changes over the past four decades have been bad for men and bad for kids, but it’s not clear they are bad for women,”
  • Over the years, researchers have proposed different theories to explain the erosion of marriage in the lower classes: the rise of welfare, or the disappearance of work and thus of marriageable men
  • the most compelling theory is that marriage has disappeared because women are setting the terms—and setting them too high for the men around them to reach.
  • The whole country’s future could look much as the present does for many lower-class African Americans: the mothers pull themselves up, but the men don’t follow. First-generation college-educated white women may join their black counterparts in a new kind of middle class, where marriage is increasingly rare.
  • Japan is in a national panic over the rise of the “herbivores,” the cohort of young men who are rejecting the hard-drinking salaryman life of their fathers and are instead gardening, organizing dessert parties, acting cartoonishly feminine, and declining to have sex. The generational young-women counterparts are known in Japan as the “carnivores,” or sometimes the “hunters.”
  • American pop culture keeps producing endless variations on the omega male, who ranks even below the beta in the wolf pack.
  • At the same time, a new kind of alpha female has appeared, stirring up anxiety and, occasionally, fear. The cougar trope started out as a joke about desperate older women. Now it’s gone mainstream, even in Hollywood,
  • the more women dominate, the more they behave, fittingly, like the dominant sex. Rates of violence committed by middle-aged women have skyrocketed since the 1980
Javier E

China at the peak - by Noah Smith - Noahpinion - 0 views

  • We thus have the privilege of seeing a great civilization at its peak
  • How much greater would China’s peak have been if Deng Xiaoping had sided with the Tiananmen Square protesters, and liberalized China’s society in addition to its economy? How many great Chinese books, essays, video games, cartoons, TV shows, movies, and songs would we now enjoy if it weren’t for the pervasive censorship regime now in place? How much more would the people of the world have learned from Chinese culture if they could travel there freely and interact with Chinese people freely over the internet? Without a draconian autocrat like Xi Jinping at the helm, would so many Chinese people be looking to flee the country? Would the U.S. and China still be friends instead of at each other’s throats?
  • The key fact is that China’s meteoric rise seems like it’s drawing to a close
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  • China’s drop was much much bigger; the Japan of the 80s was never the export machine people believed it to be. Both countries turned to investment in real estate and infrastructure as a replacement growth driver — although again, China did this much more than Japan did. Essentially, China did all the the things we typically think of Japan as having done 25 years earlier, but much more than Japan actually did them.
  • Yes, for those who were wondering, this does look a little bit like what happened to Japan in the 1990s
  • Already the country is not growing much faster than the G7, and as the ongoing real estate bust weighs on the economy, even that small difference may now be gone. The country’s surging auto industry is a bright spot, but won’t be big enough to rescue the economy from the evaporation of its primary growth driver.
  • Even if it manages to climb up to 40%, that’s still a fairly disappointing result — South Korea is at 71% and Japan at 65%
  • a re-acceleration would require a massive burst of productivity growth, which just seems unlikely.
  • That means China’s catch-up growth only took it to 30% of U.S. per capita GDP (PPP)
  • There’s one main argument that people make for a quick Chinese decline: rapid aging. But while I don’t want to wave this away, I don’t think it’s going to be as big a deal as many believe
  • This is another example of China’s peak being both awe-inspiring and strangely disappointing at the same time.
  • Now that China has hit its peak, will it decline? And if so, how much and how fast?
  • it seems likely that China’s growth will now slow to developed-country levels, or slightly higher, without much prospect for a sustained re-acceleration
  • when people contemplate Chinese decline, they’re not asking whether its economy will shrink; they’re asking whether its relative economic dominance and geopolitical importance will decrease.
  • If we just casually pattern-match on history, the answer would probably be “not for a long time”. Most powerful countries seem to peak and then plateau. Britain ruled the waves for a century.
  • U.S. relative power and economic dominance peaked in the 1950s, but it didn’t really start declining until the 2000s
  • Japan and Germany had their military power smashed in WW2, but remained economic heavyweights for many decades afterwards.
  • When the Roman Empire declined, it got a lot poorer. But in the modern economy, countries that decline in relative terms, and in geopolitical power, often get richer
  • he total fertility rate has been low since even before the one-child policy was implemented, but recently it has taken a nose-dive. Two years ago, the UN put it at 1.16, which is 40% lower than the U.S. and 22% lower than Europe
  • The country’s total population only started shrinking this year, but its young population started falling sharply 20 years ago, due to the echo of low fertility in the 80s. The most common age for a Chinese person is now about 50 years old, with another peak at 35:
  • The first reason is that power is relative, and China’s rivals have demographic issues of their own. The U.S., Europe, India and Japan all have higher fertility than China, but still below replacement level
  • demographics aren’t actually going to force Chinese power or wealth into rapid decline over the next few decades.
  • third of all, evidence suggests that population aging is really more of a persistent drag than a crisis or disaster.
  • Second, demographics won’t take away China’s biggest economic advantage, which is clustering and agglomeration effects. Asia is the world’s electronics manufacturing hub. It’s also by far the most populous region in the world, giving it the biggest potential market size
  • China will act as a key hub for that region, in terms of trade, supply chains, investment, and so on. China is shrinking, but Asia is not
  • As a result, there are suddenly many fewer Chinese people able to bear children, which is why the actual number of births in China has fallen by almost half since 2016:
  • we’d find that every percentage point of the senior population share that China gains relative to other countries might reduce its relative economic performance by about 1.15%. That’s not a huge number.
  • Now, if we look at the research, we find some estimates that are much larger than this — for example, Ozimek et al. (2018) look at specific industries and specific U.S. states, and find an effect on productivity that’s three times as large as the total effect on growth that I just eyeballed above. Maestas et al. (2022) look at U.S. states, and also find a larger effect. But Acemoglu and Restrepo (2017) look across countries and find no effect at all.
  • On top of that, there are plenty of things a country can do to mitigate the effects of aging. One is automation. China is automating at breakneck speed,
  • A second is having old people work longer; China, which now has higher life expectancy than the U.S., is well-positioned to do this.
  • Finally, aging will prompt China to do something it really needs to do anyway: build a world class health care system
  • this would help rectify the internal imbalances that Michael Pettis always talks about, shifting output from low-productivity real estate investment toward consumption.
  • if not aging, the only other big dangers to China are war and climate change.
  • To realize its full potential, Altasia will need integration — it will need some way to get Japanese and Korean and Taiwanese investment and technology to the vast labor forces of India, Indonesia, and the rest
  • the most likely outcome is that China sits at or near its current peak of wealth, power and importance through the middle of this century at least.
  • Altasia has more people and arguably more technical expertise than China. And it’s the only alternative location for the Asian electronics supercluster.
  • War was the big mistake that Germany made a century ago, so let’s hope China doesn’t follow in its footsteps.
  • The story of whether and how that complex web of investment, tech transfer, and trade develops will be the next great story of globalization.
  • But I think the very complexity of Altasia will lead to its own sort of adventure and excitement.
  • for Western companies looking for new markets, Altasia will potentially be more exciting than China ever was. The Chinese market delivered riches to some, but the government banned some products (especially internet services) and stole the technology used to make others. Ultimately, China’s billion consumers turned out to be a mirage for many. The economies and societies of Altasia, in comparison, are much more open to foreign products.
Javier E

Opinion | Donald Trump May Have Begun Losing - The New York Times - 0 views

  • Without obvious shared goals, arguably all these different prosecutors, officials and individuals are undertaking an inadvertent deterrence project, keeping alive the bad parts of the recent past and applying pressure on the central players.
  • We talk about a “chilling” effect with abortion laws, regulatory action against corporations and certain speech policies; these “work” by exerting pressure, making people skittish and worried about getting caught up in legal trouble.
  • post-Jan. 6 prosecutions and the prospect of an indictment in Georgia may be causing people to be less rowdy.
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  • Deterrence is an uneasy goal, however — hard to measure, impossible to predict, and at danger of becoming retribution in the wrong hands, or even hardening reactionary and illiberal elements by accident.
  • Reaching one shared idea of what happened and why things went wrong, even within a smaller group behind closed doors, has real appeal, even if it’s not how we would want a country run. Instead, it’s like the best society can do is to keep applying a kind of societal weight to Mr. Trump — attention on the accurate memory of the events, the creation of legal hurdles and public scrutiny, possibly doomed prosecutions of varying quality — adding a little more weight, a little more weight, a little more weight in an effort to contain him
  • It’s like some mixed-up version of deterrence and truth, with a society trying something, anything, with possibly volatile precedents for the future.
Javier E

Opinion | Reflections on Stephen L. Carter's 1991 Book, 'Reflections of an Affirmative Action Baby' - The New York Times - 0 views

  • The demise of affirmative action, in Carter’s view, was both necessary and inevitable. “We must reject the common claim that an end to preferences ‘would be a disastrous situation, amounting to a virtual nullification of the 1954 desegregation ruling,’” he wrote, quoting the activist and academic Robert Allen. “The prospect of its end should be a challenge and a chance.”
  • For Carter, affirmative action was a necessary stopgap measure to remedy historical discrimination. Like many people today — both proponents and opponents of affirmative action — he expressed reservations about relying on diversity as the constitutional basis for racial preferences.
  • the implication of recruiting for diversity, Carter explained, had less to do with admitting Black students to redress past discrimination and more to do with supporting and reinforcing essentialist notions about Black people.
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  • An early critic of groupthink, Carter warned against “the idea that Black people who gain positions of authority or influence are vested a special responsibility to articulate the presumed views of other people who are Black — in effect, to think and act and speak in a particular way, the Black way — and that there is something peculiar about Black people who insist on doing anything else.”
  • In the past, such ideas might have been seen as “frankly racist,” Carter noted. “Now, however, they are almost a gospel for people who want to show their commitment to equality.” This belies the reality that Black people, he said, “fairly sparkle with diversity of outlook.”
  • He disparaged what he called “the peculiar relationship between Black intellectuals and the white ones who seem loath to criticize us for fear of being branded racists — which is itself a mark of racism of a sort.”
  • At the same time, Carter bristled at the judgment of many of his Black peers, describing several situations in which he found himself accused of being “inauthentically” Black, as if people of a particular race were a monolith and that those who deviated from it were somehow shirking their duty. He said he didn’t want to be limited in what he was allowed to say by “an old and vicious form of silencing.”
  • “No weight is added to a position because somebody is Black. One has to evaluate an argument on its own merits, not on the race of the person making it.”
  • Carter took issue with the belief, now practically gospel in academic, cultural and media circles, that heightened race consciousness would be central to overcoming racism. However well intentioned you may be, when you reduce people to their race-based identity rather than view them as individuals in their full, complex humanity, you risk making sweeping assumptions about who they are.
  • “There has always been something unsettling about the advocacy of a continuation of racial consciousness in the name of eradicating it.”
  • In a cover review in The New York Times Book Review, David J. Garrow, a Pulitzer Prize-winning historian of the civil rights movement, called “Reflections of an Affirmative Action Baby” “powerfully written and persuasive.” The Los Angeles Times said it was “an essential text in the public debate over racial preferences.” The New Yorker called Carter “shrewd, subtle and funny.”
  • defenders of affirmative action too often dismiss those beneficiaries of affirmative action who publicly express reservations about the policy. These defenders often make knee-jerk assumptions about the political agendas of liberal Black writers like Thomas Chatterton Williams and my colleague at The Times John McWhorter, falsely casting them as conservatives or traitors to their race.
  • he rejected all efforts to label him, insisting that intellectuals should be “politically unpredictable.” As Washington Monthly noted: “Critics who attempt to push (or pull) Carter into the ranks of the Black right wing will be making a mistake. He is not a conservative, neo- or otherwise. He is an honest Black scholar — the product of the pre-politically correct era — who abhors the stifling of debate by either wing or by people of any hue.”
  • “Reflections” offers a vigorous and unflinching examination of ideas, something academia, media and the arts still prized in 1991. Carter’s arguments were considered worthy of discussion, however misguided his critics took them to be
  • Today, a kind of magical thinking has seized ideologues on both the left and the right, who seem to believe that stifling debate on difficult questions will make them go away. But if affirmative action itself goes away, America — which Carter deemed “a society that prefers its racial justice cheap” — will no longer be able to avoid grappling with the real and persistent inequalities that necessitated it in the first place.
Javier E

Britain's cautionary tale of self-destruction - 0 views

  • Post-Covid, the geopolitical order has been thrown into tumult. At the beginning of the pandemic, commentators wondered about the fate of the United States, its indifferent political leadership and its apparently diminished “state capacity.” Lately, they have focused more on the sudden weakness of China: its population in decline, its economy struggling more than it has in decades, its “zero Covid” reversal
  • the descent of Britain is in many ways more dramatic. By the end of next year, the average British family will be less well off than the average Slovenian one, according to a recent analysis by John Burn-Murdoch at The Financial Times; by the end of this decade, the average British family will have a lower standard of living than the average Polish one.
  • On the campaign trail and in office, promising a new prosperity, Boris Johnson used to talk incessantly about “leveling up.” But the last dozen years of uninterrupted Tory rule have produced, in economic terms, something much more like a national flatlining.
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  • two economists asked whether the ongoing slowdown in British productivity was unprecedented. Their answer: not quite, but that it was certainly the worst in the last 250 years, since the very beginning of the Industrial Revolution.
  • To find a fitting analogue to the British economic experience of the last decade, you have to reach back to a time before the arrival of any significant growth at all, to a period governed much more by Malthusianism, subsistence-level poverty and a nearly flat economic future. By all accounts, things have gotten worse since their paper was published.
  • there are eight million young Brits in the work force today who have not experienced sustained wage growth at all.
  • The experience of Britain over the same period suggests another fly in the End of History ointment, undermining a separate supposition of that era, which lives on in zombie form in ours: that convergence meant that rich and well-​governed countries would stay that way.
  • focusing on a single “Leave” vote risks confusing that one abrupt outburst of xenophobic populism with what in fact is a long-term story of manufactured decline. As Burn-Murdoch demonstrates in another in his series of data-rich analyses of the British plight, the country’s obvious struggles have a very obvious central cause: austerity
  • in the name of rebalancing budgets, the Tory-led government set about cutting annual public spending, as a proportion of G.D.P., to 39 percent from 46 percent. The cuts were far larger and more consistent than nearly all of Britain’s peer countries managed to enact
  • The consequences have been remarkable: a very different Britain from the one that reached the turn of the millennium as Tony Blair’s “Cool Britannia.” Real wages have actually declined, on average, over the last 15 years, making America’s wage stagnation over the same period seem appealing by comparison.
  • the private sector is also behaving shortsightedly, skimping on long-term investments and extracting profits from financial speculation instead: “To put it bluntly, Britain’s capitalist class has effectively given up on the future.”
  • there has been a slow, sighing decay — one that makes contemporary Britain a revealing case study in the way we talk and think about the fates of nations and the shape of contemporary history.
  • if the political experience of the last decade has taught us anything, it is that whether the world as a whole is richer than it was 50 years ago matters much less to the people on it today than who got those gains, and how they compare with expectations
  • it’s cold comfort to point out to an American despairing over Covid-era life expectancy declines that, in fact, a child born today can still expect to live longer than one born in 1995, for instance, or to tell a Brit worrying over his or her economic prospects that added prosperity is likely to come eventually — at the same level enjoyed by economies in the former Eastern Bloc.
  • Can Britain even stomach such a comparison? The wealthy West has long regarded development as a race that has already and definitively been won, with suspense remaining primarily about how quickly and how fully the rest of the world might catch up
  • Britain has long since formally relinquished its dreams of world domination, but the implied bargain of imperial retreat was something like a tenured chair at the table of global elders. As it turns out, things can fall apart in the metropole too
  • Over two centuries, a tiny island nation made itself an empire and a capitalist fable, essentially inventing economic growth and then, powered by it, swallowing half the world. Over just two decades now, it has remade itself as a cautionary tale.
Javier E

What stage of capitalism is Sam Bankman-Fried? - 0 views

  • For Sam Bankman-Fried and his crypto exchange FTX, the simple answer is that a leaked balance sheet leads your biggest rival, himself under federal scrutiny, to instigate a sort of “bank run” you cannot possibly cover, exposing billions of dollars in shortfalls you apparently created by riskily investing money that wasn’t yours.
  • How do you make a multibillion-dollar company disappear in a week?
  • And revealing yourself, in the process, to be a very new kind of financial villain — one who pitches not just the prospect of profit but also deliverance from the corrupt speculative system in which you “made” your “billions.”
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  • — what exactly was the meme?
  • Cryptocurrency is little more than a decade old, and yet it has passed through several reputational phases: first, as the lawless province of black marketeers and hard-core libertarians obsessed with escaping government oversight; then as a speculative market in which many of those people made an astonishing and enviable amount of money; then as an investment sector for adventurous normies who might previously have turned to simple day-trading; then as an “asset class” eyed by big-money investors and establishment banks
  • it was very tempting to believe, and nobody was trying to look all that closely, it turns out — not the editors who put him on the covers of Forbes and Fortune; not the traders who trusted him with billions in daily trading volume; not the recipients of his philanthropic pledges, many of which will now go unfulfilled; and most conspicuously, not the investors who handed him millions without seeming to even bother checking the books.
  • To investors and legislators, he looked like the potential face of a new era for crypto, poised to legitimize through transparency and regulation what had always been an enormously shady, if often quite lucrative, sector.
  • To progressives, he looked like our kind of oligarch, a sort of boy wonder who seemed capable of conjuring up world-changing billions guiltlessly, effectively out of thin air.
  • And he had promised to give that magic internet money away just as quickly
  • It was part of his DGAF brand, like the unkempt hair and cargo shorts he wore onstage alongside Bill Clinton and Tony Blair
  • As recently as July 2021, FTX raised $900 million from, among others, Sequoia Capital, Daniel Loeb’s Third Point and SoftBank Vision Fund, which had previously written down billions of dollars in investments in Uber and WeWork. In January, a Series C round raised an additional $400 million.
  • In a now-legendary profile published on the Sequoia website just weeks before the collapse, almost every paragraph contained what should have been a red flag but was presented instead as a mark of Bankman-Fried’s special genius — and Sequoia’s, for endorsing it
  • The death of FTX has been called crypto’s “Lehman moment,” but it was not the first such collapse — it follows the implosions of Celsius, Three Arrows Capital, Terra and Luna, among many others. But it’s fitting that Bankman-Fried will now always be remembered as this crypto crash’s central figure, because he postured as someone who could rewrite not just the rules of the financial system but its morality as well.
  • Now the comparisons are less flattering: to Bernie Madoff, of course, and to Elizabeth Holmes of Theranos, even though Bankman-Fried has not been charged with any crimes; also to Adam Neumann of WeWork, Travis Kalanick of Uber and the other iconic start-up hucksters of this strange venture-capital era.
  • those founders were, for all their delusions and sociopathy, pitch-deck visionaries — persuasive proselytizers for not just new products but whole new worlds that could be simply invested into being.
  • In his self-presentation, Bankman-Fried seemed to be pitching something else: an outward indifference approaching disdain. His serious-seeming commitment to effective altruism underlined the impression: If he was earning his billions only to donate them, he represented a very different case study in the morality or moral potential of unregulated markets
  • he flatly described the crypto markets as pointless speculation bordering on fraud — one of the interviewers paraphrased Bankman-Fried’s summary as “I’m in the Ponzi business, and it’s pretty good” — it wasn’t a misstep
  • What stage of capitalism is this?
  • in the world of big money he was a genuinely new archetype: a smugly superior Gen X slacker and an entitled, world-changing millennial at once
  • it has also been the source of a lot of reflection and debate, about whether it had been at all reasonable to treat what made him distinct as a basis for lionization.
  • He said in the Sequoia profile, for instance, that no book was ever really worth reading, and he told the economist Tyler Cowen in a podcast interview that faced with a coin-flip game in which half the time he’d double the value of the world and half the time he’d destroy it, he’d choose to play again and again
  • he revealed himself to be wasn’t a singular bad actor but a representative one. Blockchain technology may well offer meaningful uses for the wider world in the future, but as of now, it is most significant as the basis for a realm of pure and unregulated speculation.
  • The volatility was not some deep secret only now revealed. It’s an almost inescapable aspect of a financial subculture erected outside the oversight and control of the law on the principle that they weren’t necessary
  • The world’s second-largest crypto exchange has gone belly-up, but the crypto market as a whole is down by only about 20 percent. For many speculators, it seems, collapses like these were already priced in.
Javier E

What Does It Mean to Care About COVID Anymore? - The Atlantic - 0 views

  • “People who are vaccinated and relatively healthy who are getting COVID are not getting that sick,” Lisa Lee, an epidemiologist at Virginia Tech, told me. “And so people are thinking, Wow, I’ve had COVID. It wasn’t that bad. I don’t really care anymore.”
  • Still, there are many reasons to continue caring about COVID. About 300 people are still dying every day; COVID is on track to be the third-leading cause of death in the U.S. for the third year running. The prospect of developing long COVID is real and terrifying, as are mounting concerns about reinfections.
  • ow more than ever, we must remember that COVID is not just a personal threat but a community one.
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  • In an ideal epidemiological scenario, everyone would willingly deploy the full arsenal of COVID precautions, such as masking and forgoing crowded indoor activities, especially during waves. But that kind of all-out response no longer makes sense. “It’s probably not realistic to expect people to take precautions every time, perpetually, or even every winter or fall, unless there is a particularly concerning reason to do that,
  • when so few people feel that the potential benefit of dodging an infection is worth the inconvenience of precautions, what does it even mean to care about COVID?
  • people over 50 account for 93 percent of COVID-related deaths in the U.S., even though they represent just 35.7 percent of the population. As long as the death rate remains as high as it is, caring about COVID should mean orienting precautions to protect them.
  • Barring another Omicron-esque event, we thankfully won’t ever return to a moment where Americans obsess over COVID en masse. But this virus isn’t going away, so we can’t escape having a population that is split between the high-risk minority and the low-risk majority
  • Right now, Nuzzo told me, the language we use to describe one’s position on COVID is “black-and-white, absolutist—you either care or you don’t.” There is space between those extremes. At least for now, it’s the only way to compromise between the world we have and the world we want.
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.
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