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Javier E

The Bezos Earth Fund Indicates a National Failing - The Atlantic - 0 views

  • Jeff Bezos announced the creation of the Bezos Earth Fund, which will disperse $10 billion in the name of combatting climate change. The fund is a triumph of philanthropy—and a perfect emblem of a national failing.
  • In a healthy democracy, the world’s richest man wouldn’t be able to painlessly make a $10 billion donation. His fortune would be mitigated by the tax collector; antitrust laws would constrain the growth of his business. Instead of relying on a tycoon to bankroll the national response to an existential crisis, there would be a national response.
  • in an age of political dysfunction, Bezos has begun to subsume the powers of the state. Where the government once funded the ambitious exploration of space, Bezos is leading that project, spending a billion dollars each year to build rockets and rovers. His company, Amazon, is spearheading an experimental effort to fix American health care; it will also spend $700 million to retrain workers in the shadow of automation and displacement.
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  • Bezos is providing the vital infrastructure of state. When Amazon locates its second headquarters on the Potomac, staring across the river at the capital, it will provide a perfect geographic encapsulation of the new balance of power.
  • there is no meaningful public oversight of Bezos’s power. His investments and donations—not to mention the dominance of his sprawling firm and his ownership of one of the nation’s most important newspapers—give him an outsize role in shaping the human future.
  • There’s no clear sense of the projects it will bankroll, even though a contribution of that scale will inevitably set the agenda of academics and nongovernmental organizations.
  • Bezos’s personal biases—his penchant for technological solutions, his skepticism of government regulation—will likely shape how the Bezos Earth Fund disperses cash. And that will, in turn, shape how activists and researchers craft their grant proposals, how they attempt to please a funder who can float their operations.
  • Even if Amazon aims to slash its own emissions, it’s creating an economy that seems likely to undermine its stated goal of carbon neutrality. A reasonable debate about planetary future would at least question the wisdom of the same-day delivery of plastic tchotchkes made in China.
  • Then there are the policies that permit companies, like Amazon, to pay virtually nothing in taxes—revenue that would ideally fund, say, a Green New Deal. It hardly seems likely that the Bezos Earth Foundation will seek to erode the very basis of the fortune that funds it.
  • A skeptical response to the Bezos Earth Fund doesn’t preclude the hope that it will do real good. Michael Bloomberg’s climate philanthropy has played an important role in shutting down coal-fired power plants.
  • In these years of polarization and dysfunction, the public keeps turning to saviors who present themselves as outsiders and promise transformation. Trump, of course, billed himself as this sort of salvific figure. But instead of curing voters of this yearning, he seems to have exacerbated it. The current temptation comes in the form of billionaires who exude competence
  • That the public seems indifferent to the dangers of a growing plutocracy is perhaps the greatest national failing of them all.
Javier E

This is how South Korea flattened its coronavirus curve - 0 views

  • This is how South Korea flattened its coronavirus curveSouth Korea's COVID-19 infection rates have been falling for two weeks thanks to a rigorous testing regime and clear public information.
  • Streetman, who works as a marketing manager at a gaming company in Seoul, received his negative results in less than 24 hours and is now one of more than 327,000 people out of the country's 51 million-strong population to have been tested for the coronavirus in South Korea since the country confirmed its first case Jan. 21.The U.S., which confirmed its first case the same day, is suffering from the repercussions of a weeks-late start in obtaining test kits
  • Here's what we can learn from South Korea.
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  • Early testing, detection, preventionNews that China had reported its first case of the coronavirus was enough reason for South Korean leaders and medical staff to brace themselves for the worst.
  • Acting fast was the most important decision South Korea made,"
  • Sites like Corona Map generate real-time updates about where current patients are located and inform proactive Koreans focused on protecting themselves.
  • By early February, the first test had been approved
  • "Among Shincheonji members, there were many 20- and 30-year-olds who were infected. Many of them may have never even known they were carrying the virus and recovered easily while silently infecting those around them," Hwang said. "Early testing is why Korea hasn't reached its breaking point yet.
  • Under South Korea's single-payer health care system, getting tested costs $134. But with a doctor's referral or for those who've made contact with an infected person, testing is free. Even undocumented foreigners are urged to get tested and won't face threats due to their status.
  • South Korean leaders have amped up efficiency for overwhelmed hospitals by digitally monitoring lower-risk patients under quarantine, as well as keeping close tabs on visiting travelers who are required to enter their symptoms into an app.
  • Active collaboration among central and regional government officials and medical staff took place before cases began piling up, enabling South Korea's current testing capacity of 20,000 people a day at 633 sites, including drive-thru centers and even phone booths.
  • That people are willing to forgo privacy rights and allow the publication of sensitive information underlines the willingness to pay the digital cost of state surveillance in the name of public safety,
  • 78.5 percent of respondents agreed that they would sacrifice the protection of their privacy rights to help prevent a national epidemic.
  • 97.6 percent responded that they at least sometimes wear a mask when they are outside, 63.6 percent of whom said they always wear one.
  • "Wearing masks or self-monitoring alone isn't foolproof to people in Korea, but taking part in these practices as a group is believed to have an impact,"
  • "This says that your individual choices may not have immediate benefit to you as an individual but will benefit the herd — that it doesn't work unless everybody is in the game."
  • Despite its apparently swift recovery from the coronavirus, South Korea may only be entering the beginning stages of what experts suspect may be a long ride ahead
  • bout 80 percent of COVID-19 cases can be categorized as mass infections. A call center in southwestern Seoul was at the center of a local outbreak this month that generated more than 156 infections. About 90 cases were traced to a Zumba class.
  • local infection clusters are emerging every day in churches, hospitals and other mundane spaces."
  • outh Korea has already started new testing on all arrivals from Europe, according to local news reports, preparing for a "second wave" of imported clusters. Even those who test negative are required to self-quarantine for 14 days
Javier E

Trump's bad ideas, like ingesting bleach to fight covid-19, tax resources - The Washington Post - 0 views

  • During his three years as president, Trump has regularly expressed confidence that he knows more than the experts. That confidence is matched only by the ignorance he actually displays about a vast array of topics.
  • Repeatedly, he has sent government officials scrambling on foolish missions, leading them to spend time and personal capital persuading him not to follow through on schemes that are invariably wasteful, ineffective, unrealistic or dangerous.
  • Consider, for example, some presidential guidance in 2017: Trump — who has no nautical, military or engineering experience — decided the electromagnetic catapults the Navy planned to install on aircraft carriers to launch airplanes into the sky were technically inferior to the steam catapults used in older-generation ships.
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  • Though experts say the move would cost billions of dollars and degrade the carriers’ capabilities, Trump has repeatedly returned to the topic in the years since, forcing Navy officials to put on their best game face in public pronouncements about the president’s off-the-wall comments.
  • A favorite object of Trump’s expertise remains the wall he is attempting to build along the southern border
  • Officials at the Department of Homeland Security and the Army Corps of Engineers have spent months constructing prototypes and convincing the commander in chief to abandon impractical, expensive and constantly changing demands.
  • During meetings to discuss hurricane response, the president has asked why the government doesn’t just drop a nuclear bomb on hurricanes before they make landfall. Despite the fact that nuking a hurricane would be banned by treaty, would spread radioactive fallout along the hurricane’s path and would do nothing to actually stop the storm, an administration official reportedly told the president, “Sir, we’ll look into that.”
  • he repeatedly pushed advisers to consider whether the United States could purchase Greenland from the government of Denmark. When news of his plan leaked and the Danish prime minister publicly responded that Greenland was not for sale, Trump publicly pouted by abruptly canceling a planned meeting with her.
  • Officials spend time and resources that should be directed toward addressing actual problems instead of studying Trump’s worst ideas and convincing him to back down.
  • We now have a Space Force, a new branch of the armed services that cost billions to establish and serves no discernible purpose that wasn’t already being handled elsewhere.
  • Trump’s obsession with the trappings of military pomp eventually got him the Fourth of July gathering he’d long sought, even if the tanks he wanted to parade down the Mall ended up merely parked there instead.
  • most concerning is the obvious issues these flights of fancy raise about Trump himself and his fitness for public office of any kind, let alone the presidency. Those questions have been apparent throughout his term, as when he claimed that windmills cause cancer (they don’t) or that the F-35 stealth fighter is literally invisible (it’s not)
  • The president of the United States has trouble distinguishing fantasy from reality. He believes he knows more than anyone in the room when in fact he knows less. He can’t admit a mistake, even when doing so would be the smartest way out of the holes he invariably digs for himself.
  • Those traits were harmful enough when the country was riding high on relative peace and prosperity. During a global pandemic and a disastrous economic downturn, they can prove catastrophic.
Javier E

'Heads we win, tails you lose': how America's rich have turned pandemic into profit | World news | The Guardian - 0 views

  • At the same time, the billionaire class has added $308bn to its wealth in four weeks - even as a record 26 million people lost their jobs.
  • between 18 March and 22 April the wealth of America’s plutocrats grew 10.5%. After the last recession, it took over two years for total billionaire wealth to get back to the levels they enjoyed in 2007.
  • Eight of those billionaires have seen their net worth surge by over $1bn each, including the Amazon boss, Jeff Bezos, and his ex-wife MacKenzie Bezos; Eric Yuan, founder of Zoom; the former Microsoft chief Steve Ballmer; and Elon Musk, the Tesla and SpaceX technocrat.
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  • About 150 public companies managed to bag more than $600m in forgivable loans before the funds ran out. Among them was Shake Shack, a company with 6,000 employees valued at $2bn. It has since given the cash back but others have not.
  • Fisher Island, a members-only location off the coast of Miami where the average income of residents is $2.2m and the beaches are made from imported Bahamian sand, has received $2m in aid.
  • The banks that were the largest recipients of bailout cash in the last recession have also done well, raking in $10bn in fees from the government loans, according to an analysis by National Public Radio.
  • By 2016 – seven years after the end of the last recession – the bottom 90% of households in the US had still not recovered from the last downturn while the top 10% had more wealth than they had in 2007.
  • For black and Latinx Americans, the situation is worse. The black-white wage gaps are larger today than they were in 1979.
  • Meanwhile, billionaires have been unable to put a well-heeled foot wrong. Billionaire wealth soared 1,130% in 2020 dollars between 1990 and 2020, according to the Institute for Policy Studies
  • That increase is more than 200 times greater than the 5.37% growth of median wealth in the US over this same period
  • the tax obligations of America’s billionaires, measured as a percentage of their wealth, decreased 79% between 1980 and 2018.
anonymous

Will Russia connection become the Trump administration's Watergate? | US news | The Guardian - 0 views

  • Will Russia connection become the Trump administration's Watergate?
  • As more details emerge of meetings with Ambassador Sergey Kislyak and TV hosts have a field day, the scandal seems unlikely to disappear soon
  • Donald Trump flew out of Washington on Friday but was unable to leave a gathering storm of allegations, intrigue and unanswered questions about his ties to Russia behind him.
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  • The US president’s joint address to Congress this week was well received but was rapidly overshadowed by revelations that his attorney general, Jeff Sessions, had twice spoken with the Russian ambassador during last year’s presidential election.
  • The congressman Adam Schiff, the top Democrat on the House intelligence committee, has called for Sessions to quit, saying he “clearly misled” the Senate about contacts with Russian officials, and demanded that a special prosecutor be appointed.
  • Despite the conclusions of US intelligence agencies, Sessions refused to say whether Putin favoured Trump over Hillary Clinton in the presidential race. “I have never been told that,” he told the host, Tucker Carlson. “I don’t have any idea, Tucker – you’d have to ask them.
  • Last month Trump’s national security adviser, Michael Flynn, was forced to resign amid controversy over his discussions with Kislyak in late December. On Thursday, it emerged that Kushner joined Flynn at a private meeting with the ambassador at Trump Tower in New York. Another campaign aide, Carter Page, did not deny meeting Kislyak during the Republican national convention. And the Wall Street Journal reported that Trump’s son, Donald Jr, was probably paid at least $50,000 for an appearance late last year at a French thinktank whose founder and wife have strong ties to Russia.
  • Trump, meanwhile, said that Sessions was the target of a “witch-hunt” and declared his “total” confidence in him.
krystalxu

Jobs Report: Economy Adds 261,000 Jobs - The Atlantic - 0 views

  • The slump was primarily felt in restaurants, bars, and construction operations.
  • Wages, which jumped 12 cents in September likely because of a drop-off in low-wage jobs in the South after the Hurricanes, declined by one cent.
  • Economists expected an addition of over somewhere between 300,000 to 325,000 jobs during the month
Javier E

Trump's right-wing populist message comes up empty - The Washington Post - 0 views

  • Last week, the creaky facade of Trumpism came tumbling down as Americans saw for themselves that, at bottom, President Trump’s populism isn’t about economic theory, trade policy or foreign policy. It is an ugly effort to stoke white grievance, convincing working-class whites that their problems are attributable to non-whites who are out to take their jobs and destroy their culture.
  • With Stephen K. Bannon’s departure, even the pretense of economic populism is likely to shrivel, leaving a weird mix of right-wing supply-side economics and nativism — combining, for example, big tax cuts for the rich with virulent opposition to immigration
  • In Europe, the “pull the curtain back” moment is also occurring. The Wall Street Journal reports: Europe’s populist politicians hoped this would be the year they rocked the Continent’s establishment. Instead, their assault on the European Union has brought election defeats, recriminations and self-doubt.
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  • Many of Europe’s far-right politicians now believe their attempt to associate themselves with the antiestablishment uprisings behind the U.K.’s vote to leave the EU and Donald Trump’s U.S. presidential victory has backfired.
  • Trump’s surprise win, ironically, makes the far-right populists’ task that much harder. Trump, of course, has no idea how to “cover everyone” on health care or redesign world trade rules without causing immense economic disruption. On the foreign-policy front, Trump’s Afghanistan policy announcement tonight, according to reports, will not adopt the America First pseudo-isolationism but rather continue America’s leading role in the war against Islamist terror.
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