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Javier E

How Nations Are Losing a Global Race to Tackle A.I.'s Harms - The New York Times - 0 views

  • When European Union leaders introduced a 125-page draft law to regulate artificial intelligence in April 2021, they hailed it as a global model for handling the technology.
  • E.U. lawmakers had gotten input from thousands of experts for three years about A.I., when the topic was not even on the table in other countries. The result was a “landmark” policy that was “future proof,” declared Margrethe Vestager, the head of digital policy for the 27-nation bloc.
  • Then came ChatGPT.
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  • The eerily humanlike chatbot, which went viral last year by generating its own answers to prompts, blindsided E.U. policymakers. The type of A.I. that powered ChatGPT was not mentioned in the draft law and was not a major focus of discussions about the policy. Lawmakers and their aides peppered one another with calls and texts to address the gap, as tech executives warned that overly aggressive regulations could put Europe at an economic disadvantage.
  • Even now, E.U. lawmakers are arguing over what to do, putting the law at risk. “We will always be lagging behind the speed of technology,” said Svenja Hahn, a member of the European Parliament who was involved in writing the A.I. law.
  • Lawmakers and regulators in Brussels, in Washington and elsewhere are losing a battle to regulate A.I. and are racing to catch up, as concerns grow that the powerful technology will automate away jobs, turbocharge the spread of disinformation and eventually develop its own kind of intelligence.
  • Nations have moved swiftly to tackle A.I.’s potential perils, but European officials have been caught off guard by the technology’s evolution, while U.S. lawmakers openly concede that they barely understand how it works.
  • The absence of rules has left a vacuum. Google, Meta, Microsoft and OpenAI, which makes ChatGPT, have been left to police themselves as they race to create and profit from advanced A.I. systems
  • At the root of the fragmented actions is a fundamental mismatch. A.I. systems are advancing so rapidly and unpredictably that lawmakers and regulators can’t keep pace
  • That gap has been compounded by an A.I. knowledge deficit in governments, labyrinthine bureaucracies and fears that too many rules may inadvertently limit the technology’s benefits.
  • Even in Europe, perhaps the world’s most aggressive tech regulator, A.I. has befuddled policymakers.
  • The European Union has plowed ahead with its new law, the A.I. Act, despite disputes over how to handle the makers of the latest A.I. systems.
  • The result has been a sprawl of responses. President Biden issued an executive order in October about A.I.’s national security effects as lawmakers debate what, if any, measures to pass. Japan is drafting nonbinding guidelines for the technology, while China has imposed restrictions on certain types of A.I. Britain has said existing laws are adequate for regulating the technology. Saudi Arabia and the United Arab Emirates are pouring government money into A.I. research.
  • A final agreement, expected as soon as Wednesday, could restrict certain risky uses of the technology and create transparency requirements about how the underlying systems work. But even if it passes, it is not expected to take effect for at least 18 months — a lifetime in A.I. development — and how it will be enforced is unclear.
  • Many companies, preferring nonbinding codes of conduct that provide latitude to speed up development, are lobbying to soften proposed regulations and pitting governments against one another.
  • “No one, not even the creators of these systems, know what they will be able to do,” said Matt Clifford, an adviser to Prime Minister Rishi Sunak of Britain, who presided over an A.I. Safety Summit last month with 28 countries. “The urgency comes from there being a real question of whether governments are equipped to deal with and mitigate the risks.”
  • Europe takes the lead
  • In mid-2018, 52 academics, computer scientists and lawyers met at the Crowne Plaza hotel in Brussels to discuss artificial intelligence. E.U. officials had selected them to provide advice about the technology, which was drawing attention for powering driverless cars and facial recognition systems.
  • as they discussed A.I.’s possible effects — including the threat of facial recognition technology to people’s privacy — they recognized “there were all these legal gaps, and what happens if people don’t follow those guidelines?”
  • In 2019, the group published a 52-page report with 33 recommendations, including more oversight of A.I. tools that could harm individuals and society.
  • By October, the governments of France, Germany and Italy, the three largest E.U. economies, had come out against strict regulation of general purpose A.I. models for fear of hindering their domestic tech start-ups. Others in the European Parliament said the law would be toothless without addressing the technology. Divisions over the use of facial recognition technology also persisted.
  • So when the A.I. Act was unveiled in 2021, it concentrated on “high risk” uses of the technology, including in law enforcement, school admissions and hiring. It largely avoided regulating the A.I. models that powered them unless listed as dangerous
  • “They sent me a draft, and I sent them back 20 pages of comments,” said Stuart Russell, a computer science professor at the University of California, Berkeley, who advised the European Commission. “Anything not on their list of high-risk applications would not count, and the list excluded ChatGPT and most A.I. systems.”
  • E.U. leaders were undeterred.“Europe may not have been the leader in the last wave of digitalization, but it has it all to lead the next one,” Ms. Vestager said when she introduced the policy at a news conference in Brussels.
  • In 2020, European policymakers decided that the best approach was to focus on how A.I. was used and not the underlying technology. A.I. was not inherently good or bad, they said — it depended on how it was applied.
  • Nineteen months later, ChatGPT arrived.
  • The Washington game
  • Lacking tech expertise, lawmakers are increasingly relying on Anthropic, Microsoft, OpenAI, Google and other A.I. makers to explain how it works and to help create rules.
  • “We’re not experts,” said Representative Ted Lieu, Democrat of California, who hosted Sam Altman, OpenAI’s chief executive, and more than 50 lawmakers at a dinner in Washington in May. “It’s important to be humble.”
  • Tech companies have seized their advantage. In the first half of the year, many of Microsoft’s and Google’s combined 169 lobbyists met with lawmakers and the White House to discuss A.I. legislation, according to lobbying disclosures. OpenAI registered its first three lobbyists and a tech lobbying group unveiled a $25 million campaign to promote A.I.’s benefits this year.
  • In that same period, Mr. Altman met with more than 100 members of Congress, including former Speaker Kevin McCarthy, Republican of California, and the Senate leader, Chuck Schumer, Democrat of New York. After testifying in Congress in May, Mr. Altman embarked on a 17-city global tour, meeting world leaders including President Emmanuel Macron of France, Mr. Sunak and Prime Minister Narendra Modi of India.
  • , the White House announced that the four companies had agreed to voluntary commitments on A.I. safety, including testing their systems through third-party overseers — which most of the companies were already doing.
  • “It was brilliant,” Mr. Smith said. “Instead of people in government coming up with ideas that might have been impractical, they said, ‘Show us what you think you can do and we’ll push you to do more.’”
  • In a statement, Ms. Raimondo said the federal government would keep working with companies so “America continues to lead the world in responsible A.I. innovation.”
  • Over the summer, the Federal Trade Commission opened an investigation into OpenAI and how it handles user data. Lawmakers continued welcoming tech executives.
  • In September, Mr. Schumer was the host of Elon Musk, Mark Zuckerberg of Meta, Sundar Pichai of Google, Satya Nadella of Microsoft and Mr. Altman at a closed-door meeting with lawmakers in Washington to discuss A.I. rules. Mr. Musk warned of A.I.’s “civilizational” risks, while Mr. Altman proclaimed that A.I. could solve global problems such as poverty.
  • A.I. companies are playing governments off one another. In Europe, industry groups have warned that regulations could put the European Union behind the United States. In Washington, tech companies have cautioned that China might pull ahead.
  • In May, Ms. Vestager, Ms. Raimondo and Antony J. Blinken, the U.S. secretary of state, met in Lulea, Sweden, to discuss cooperating on digital policy.
  • “China is way better at this stuff than you imagine,” Mr. Clark of Anthropic told members of Congress in January.
  • After two days of talks, Ms. Vestager announced that Europe and the United States would release a shared code of conduct for safeguarding A.I. “within weeks.” She messaged colleagues in Brussels asking them to share her social media post about the pact, which she called a “huge step in a race we can’t afford to lose.”
  • Months later, no shared code of conduct had appeared. The United States instead announced A.I. guidelines of its own.
  • Little progress has been made internationally on A.I. With countries mired in economic competition and geopolitical distrust, many are setting their own rules for the borderless technology.
  • Yet “weak regulation in another country will affect you,” said Rajeev Chandrasekhar, India’s technology minister, noting that a lack of rules around American social media companies led to a wave of global disinformation.
  • “Most of the countries impacted by those technologies were never at the table when policies were set,” he said. “A.I will be several factors more difficult to manage.”
  • Even among allies, the issue has been divisive. At the meeting in Sweden between E.U. and U.S. officials, Mr. Blinken criticized Europe for moving forward with A.I. regulations that could harm American companies, one attendee said. Thierry Breton, a European commissioner, shot back that the United States could not dictate European policy, the person said.
  • Some policymakers said they hoped for progress at an A.I. safety summit that Britain held last month at Bletchley Park, where the mathematician Alan Turing helped crack the Enigma code used by the Nazis. The gathering featured Vice President Kamala Harris; Wu Zhaohui, China’s vice minister of science and technology; Mr. Musk; and others.
  • The upshot was a 12-paragraph statement describing A.I.’s “transformative” potential and “catastrophic” risk of misuse. Attendees agreed to meet again next year.
  • The talks, in the end, produced a deal to keep talking.
Javier E

Jenrick's resignation is a turning point for the Tory party | The Spectator - 0 views

  • Jenrick quitting over the Rwanda Bill not being strong enough is an equally telling moment. The 41-year-old Jenrick comes from the same well-mannered, centre-right Tory tradition as Sunak. He is in politics for the long haul and undoubtedly sees a return to full Cabinet rank as part of his personal career plan.
  • He was sent by Sunak to the Home Office to man mark that wild card Suella Braverman. But he came to see that she was right on the fundamentals of migration policy of both the legal and illegal varieties.
  • And now he has quit Sunak’s administration, resigning both on a point of principle and as a result of a calculated analysis about the future direction and likely reservoirs of support of the Conservative party.
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  • his political antennae have told him, correctly in my view, that the Conservative Party is going to lose the next election and then undergo a major reorientation that will see its patrician liberal wing of upper-class internationalists getting marginalised and then dropping out.
  • In their place will emerge an earthier, more provincial pro-nation state party that is genuinely socially conservative, particularly around the totemic issue of border control.
  • As immigration minister he looked into the future of migration trends and realised that the international arrangements currently in place are completely unsustainable and that the British public will turn towards a Nigel Farage political vehicle to remedy things if the Tories do not. 
  • Blue Wall, Home Counties Tory liberalism of a kind that prioritises foreign aid over domestic levelling up or international law over basic border control is destined to become so much political roadkill. The actual Liberal Democrats or Keir Starmer’s new Blairism will hoover up voters who believe in that stuff.
  • Jenrick has detected both the electoral and intellectual power of scepticism about mass, uncontrolled migration.
  • The National or ‘New’ Conservative movement, which prioritises the ideas of citizen preference in public services and social housing, strong law and order, pro-family policy, resisting Woke onslaughts from the identitarian left, and the enhancement of social solidarity is the coming force.
  • It will either take a controlling interest in the Tory party or create a party of its own – perhaps in conjunction with senior voices in Reform or even the SDP – after a calamitous Conservative defeat next year. Either way, a big shake-out is coming and the smart people are turning right
Javier E

Opinion | The Secret of America's Economic Success - The New York Times - 0 views

  • there was widespread concern that the pandemic would leave lasting economic scars. After all, the 2008 financial crisis was followed by a weak recovery that left real gross domestic product in many countries far below the pre-crisis trend even a decade later. Indeed, as we approach Covid’s four-year mark, many of the world’s economies remain well short of full recovery.
  • But not the United States. Not only have we had the strongest recovery in the advanced world, but the International Monetary Fund’s latest World Economic Outlook also points out that American growth since 2019 has actually exceeded pre-Covid projections.
  • let’s take a moment to celebrate this good economic news — and try to figure out what went right with the U.S. economy.
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  • Part of the answer, to be fair, is luck. Russia’s invasion of Ukraine caused a major energy shock in Europe, which had come to rely on imports of Russian natural gas. America, which exports gas, was much less affected.
  • What about inflation? When you use comparable measures, America also has the lowest inflation rate among major economies.
  • It’s true that one recent poll found that a majority of Americans and 60 percent of Republicans say that unemployment is near a 50-year high. But it’s actually near its lowest level since the 1960s.
  • A second, probably more important factor was that the United States pursued aggressively expansionary fiscal policy
  • Many economists were extremely critical, warning that this spending would fuel inflation, which it probably did for a while. But inflation has subsided, while “Big Fiscal” helped the economy get to full employment — arguably the first time we’ve had truly full employment in decades.
  • A strong job market may in turn have had major long-term benefits, by drawing previously marginalized Americans into the work force.
  • the percentage of U.S. adults in their prime working years participating in the labor force is now at its highest level in 20 years. One number I find especially striking is labor force participation by Americans with a disability, which has soared.
  • One last thing: When Covid struck, all advanced countries took strong measures to limit economic hardship, but they took different approaches. European governments generally paid employers to keep workers on their payrolls, even if they were temporarily idle. America, for the most part, let layoffs happen but protected workers with expanded unemployment benefits.
  • There was a case for each approach. Europe’s approach helped keep workers connected to their old jobs; the U.S. approach created more flexibility, making it easier for workers to move to different jobs if the post-Covid economy turned out to look quite different from the economy before the pandemic.
  • is clear: We have been remarkably successful, even if nobody will believe it.
Javier E

I grew up in Bosnia, amid fear and hatred of Muslims. Now I see Germany's mistakes over Gaza | Lana Bastašić | The Guardian - 0 views

  • never again is a feeble phrase. The world forgets, just like it has forgotten Bosnia. The nevers have been worn out and abandoned; the again keeps coming back in bigger numbers and darker stories.
  • The Gaza Strip, already impoverished by occupation and an unlawful 16-year blockade, whose population is made up of 47% children is being carpet-bombed by the most powerful army in the Middle East with the help of the most powerful allies in the world. More than 4,600 Palestinians lie dead and many more face death in the absence of a ceasefire, because they can’t escape bombardment or lack access to water, food or electricity. The Israeli army claims that its offensive, now being stepped up is a “war on terror”; UN experts say it amounts to collective punishment.
  • These are all facts. Yet even the mention of the word “Palestine” in Germany risks getting you accused of antisemitism. Any attempt at providing context and sharing facts on the historical background to the conflict is seen as crude justification of Hamas’s terror.
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  • Not only have pro-Palestinian rallies been stopped or broken up by police
  • ermany’s unwavering official support for the Israeli government’s actions leaves scant room for humanity. It is also counter-productive, serving to spread fear, Islamophobia and, yes, antisemitism
  • In addition to banning Hamas-related symbols schools are now free to also ban “symbols, gestures and expressions of opinion that do not yet reach the limit of criminal liability”, which includes the keffiyeh, the Palestinian flag and “free Palestine” stickers and badges.
  • The stifling of opposition to the killing of civilians in Gaza even extends to Jewish people. A Jewish Israeli woman who held up a placard in a Berlin square calling for an end to violence was approached by German police in a matter of seconds and taken away in a police van. She was later released. Anyone showing solidarity with Palestinians is automatically suspected of being a tacit Hamas sympathiser.
  • German education senator Katharina Günther-Wünsch has also sent out an email to schools saying that “any demonstrative behaviour or expression of opinion that can be understood (italics are mine) as approving the attacks against Israel or supporting the terrorist organisations that carry them out, such as Hamas or Hezbollah, represents a threat to school peace in the current situation and is prohibited
  • Having grown up in the shadow of collective guilt for Nazi war crimes, many German intellectuals seem almost to welcome an opportunity to atone for ancestral sins. The atonement, of course, will fall on the backs of Palestinian children.
  • It should come under the “stating the obvious” category, but still has to be underlined: historically, Islamophobia has only led to more terrorism. Having grown up in Bosnia, I can tell you with absolute certainty that the vicious circle is never-ending. There is always another dead body to be weaponised.
  • Living in Germany, I see it as my human responsibility to call it out for its one-sidedness, its hypocrisy and its acquiesence in the ethnic cleansing of Gaza. Walking by Lucie’s stone every day, I am reminded of that responsibility. I am reminded of what silence can do and how long it can haunt a place and a people. I come from a silent place soaked in blood. I never thought I would feel that same silence in Germany.
  • I am appalled by Hamas’s actions and offer my thoughts for their victims, but I have no say in what they do. None of my taxes go to the funding of Hamas. Some of my taxes, however, do fund the bombing of Gaza. In the period between 2018 and 2022, Israel imported $2.7bn-worth of weapons from the US and Germany.
  • Either you are against fascism in all its forms, or you’re a hypocrite. You condemn a terrorist organisation as well as the terrorism committed by a government
Javier E

Three Young Activists Who Never Worked in an Auto Factory Helped Deliver Huge Win for the UAW - WSJ - 0 views

  • hree 30-something labor activists were brought in by new UAW President Shawn Fain to remake the union into a more independent, media savvy and creative challenger to car companies.
  • They included a communications specialist who helped craft campaigns for Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez, a New York labor attorney who once wrote on progressive labor issues and a former reporter who later would help win major concessions from the New York Times for the NewsGuild of New York.  
  • The result was a sharper and more bitter collective-bargaining battle with Detroit—and one of the biggest wins in decades.
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  • New communications director Jonah Furman, 33, coordinated a publicity campaign to make Fain and coverage of the strike ubiquitous in the media. Fain shared details of the contract talks on weekly livestream updates, a tactic that stunned auto executives accustomed to behind-closed-doors discussions.
  • Fain, a former electrician who made an unexpected ascent to the top role this spring, and his team deployed a pugnacious strategy that hit directly at criticism that the UAW has long been too chummy with carmakers. 
  • “I thought it was important to bring in people that weren’t ingrained in the system,”
  • The group includes Chris Brooks, a 39-year-old labor activist recruited early this year to manage the new president’s transition team who then became a top aide. He helped overhaul the 88-year-old union, bringing a renewed militancy and empowering rank-and-file workers by pushing for frequent rallies and events where Fain heard them out.  
  • Part of his strategy has also been to make sure nonunion workers at factories in the South were listening. Fain indicated on Sunday that the union would turn to organizing at automakers such as EV leader Tesla and foreign car companies.
  • New York labor attorney Ben Dictor, 36, was heavily involved in the union’s biggest break from the past: holding talks with the three big automakers simultaneously. For decades, the UAW had picked one company to negotiate a new contract, and then used those terms as a template for the other two automakers. This time, the union combined talks to pit the companies against one another and accelerate deals with all three. 
  • Today, the UAW’s 146,000 automotive members at the Detroit Three account for a fraction of the nation’s more than one million auto-factory jobs
  • Longtime UAW members also worked closely with the new leader to shape its current strategy. Members must vote to approve the deals in coming weeks.
  • In the wake of GM and Chrysler’s government-led restructurings in 2009, priority was put on bringing their labor costs more in line with foreign rivals.
  • UAW leadership had long been regarded as insular, predictable and guarded, composed of union lifers who rose up from the auto-factory floor and spent years on negotiation teams before taking the lead.  
  • Fain, 55, won after a change in rules let members, instead of chapter officials, vote directly for their leadership. The voting revision came after a corruption scanda
  • Brooks was central to Fain’s chaos-inducing strike strategy, in which select facilities at each of the Detroit automakers were taken down with little notice. Fain said the approach, which he escalated during the strike by adding more and more facilities, allowed the union to be nimble and apply pressure at key profit centers that hurt the automakers. It was a change from the all-company walkouts that were previously typical—and had never been tried before by the UAW at all three companies. 
  • Furman, who had worked for Sanders and Ocasio-Cortez and was the lead singer and bassist in a Boston indie-rock band named Krill, spearheaded the union’s bare-knuckle social-media strategy, where it updated members on negotiations and frequently posted videos taunting company executives about their pay. 
  • “Jim Farley took in $21 million last year,” said Fain in a livestream, referring to Ford’s chief executive. “We need him to do two things right now: Look in the mirror and look in Ford’s bank account.” 
  • The contracts are the most lucrative since the 1960s, union leaders said.  
  • The newly assembled group prioritized swift decision-making and responses to the companies, which required cutting through bureaucracy that had impeded previous bargaining rounds, people familiar with the union’s inner workings said. The UAW pumped out pamphlets and videos to communicate with members—key to ensuring buy-in amid a strike that affected workers unevenly.
  • “What has moved the needle is our willingness to take action, to be flexible, to be aggressive when we have to,” Fain said in an early October livestream to members.
  • Fain also recruited union longtimers to join his team, including people in research and organizing who were knowledgeable about the group’s history and had relationships with local chapters. They were key to identifying strike targets that would both cause pain to companies and be supported by workers
Javier E

Opinion | How AI is transforming education at the University of Mississippi - The Washington Post - 0 views

  • Perplexity AI “unlocks the power of knowledge with information discovery and sharing.” This, it turns out, means “does research.” Type something into it, and it spits out a comprehensive answer, always sourced and sometimes bulleted. You might say this is just Google on steroids — but really, it is Google with a bibliography.
  • Caleb Jackson, a 22-year-old junior at Ole Miss studying part time, is a fan. This way, he doesn’t have to spend hours between night shifts and online classes trawling the internet for sources. Perplexity can find them, and he can get to writing that much sooner.
  • What’s most important to Ole Miss faculty members is that students use these tools with integrity. If the university doesn’t have a campuswide AI honor code, and so far it doesn’t, individual classes should. And no matter whether professors permit all applications of AI, as some teachers have tried, or only the narrowest, students should have to disclose just how much help they had from robots.
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  • “Write a five-paragraph essay on Virginia Woolf’s ‘To the Lighthouse.’” Too generic? Well, how about “Write a five-paragraph essay on the theme of loss in ‘To the Lighthouse’”? Too high-schoolish? “Add some bigger words, please.” The product might not be ready to turn in the moment it is born, fully formed, from ChatGPT’s head. But with enough tweaking — either by the student or by the machine at the student’s demand — chances are the output can muster at least a passing grade.
  • Which of these uses are okay? Which aren’t? The harnessing of an AI tool to create an annotated bibliography likely doesn’t rankle even librarians the way relying on that same tool to draft a reflection on Virginia Woolf offends the professor of the modern novel. Why? Because that kind of contemplation goes closer to the heart of what education is really about.
  • the core of the question colleges now face. They can’t really stop students from using AI in class. They might not be able to notice students have done so at all, and when they do think they’ve noticed they’ll be acting only on suspicion. But maybe teachers can control the ways in which students use AI in class.
  • Figuring out exactly what ways those ought to be requires educators to determine what they care about in essays — what they are desperate to hear. The purpose of these papers is for students to demonstrate what they’ve learned, from hard facts to compositional know-how, and for teachers to assess how their pupils are progressing. The answer to what teachers want to get from students in their written work depends on what they want to give to students.
  • ChatGPT is sort of in a class of its own, because it can be almost anything its users want it to be so long as they possess one essential skill: prompt engineering. This means, basically, manipulating the machine not only into giving you an answer but also into giving you the kind of answer you’re looking for.
  • The next concern is that students should use AI in a manner that improves not only their writing but also their thinking — in short, in a manner that enhances learning rather than bypasses the need to learn at all.
  • This simple principle makes for complicated practice. Certainly, no one is going to learn anything by letting AI write an essay in its entirety. What about letting AI brainstorm an idea, on the other hand, or write an outline, or gin up a counter-argument? Lyndsey Cook, a senior at Ole Miss planning a career in nursing, finds the brainstorming especially helpful: She’ll ask ChatGPT or another tool to identify the themes in a piece of literature, and then she’ll go back and look for them herself.
  • These shortcuts, on the one hand, might interfere with students’ learning to brainstorm, outline or see the other side of things on their own
  • But — here comes a human-generated counterargument — they may also aid students in surmounting obstacles in their composition that otherwise would have stopped them short. That’s particularly true of kids whose high schools didn’t send them to college already equipped with these capabilities.
  • Allow AI to boost you over these early hurdles, and suddenly the opportunity for deeper learning — the opportunity to really write — will open up. That’s how Caleb Jackson, the part-time student for whom Perplexity has been such a boon, sees it: His professor, he says , wanted them to “get away from the high-school paper and go further, to write something larger like a thesis.”
  • maybe, as one young Ole Miss faculty member put it to me, this risks “losing the value of the struggle.” That, she says, is what she is scared will go away.
  • All this invites the most important question there is: What is learning for?
  • Learning, in college, can be instrumental. According to this view, the aim of teaching is to prepare students to live in the real world, so all that really matters is whether they have the chops to field jobs that feed themselves and their families. Perhaps knowing how to use AI to do any given task for you, then, is one of the most valuable skills out there — the same way it pays to be quick with a calculator.
  • If you accept this line of argument, however, there are still drawbacks to robotic crutches. Some level of critical thinking is necessary to function as an adult, and if AI stymies its development even the instrumental aim of education is thwarted. The same goes for that “value of the struggle.” The real world is full of adversity, much of which the largest language model can’t tell you how to overcome.
  • more compelling is the idea, probably shared by most college professors, that learning isn’t only instrumental after all — that it has intrinsic value and that it is the end rather than merely a means to one.
  • Every step along the way that is skipped, the shorter the journey becomes, the less we will take in as we travel.
  • This glummest of outlooks suggests that AI will stunt personal growth even if it doesn’t harm professional prospects.
  • While that doesn’t mean it’s wise to prohibit every little application of the technology in class, it probably does mean discouraging those most closely related to critical thinking.
  • One approach is to alter standards for grading, so that the things the machines are worst at are also the things that earn the best marks: originality, say, or depth of feeling, or so-called metacognition — the process of thinking about one’s own thinking or one’s own learning.
  • Hopefully, these things are also the most valuable because they are what make us human.
  • Caleb Jackson only wants AI to help him write his papers — not to write them for him. “If ChatGPT will get you an A, and you yourself might get a C, it’s like, ‘Well, I earned that C.’” He pauses. “That might sound crazy.”
  • Dominic Tovar agrees. Let AI take charge of everything, and, “They’re not so much tools at that point. They’re just replacing you.”
  • Lyndsey Cook, too, believes that even if these systems could reliably find the answers to the most vexing research problems, “it would take away from research itself” — because scientific inquiry is valuable for its own sake. “To have AI say, ‘Hey, this is the answer …’” she trails off, sounding dispirited.
  • Claire Mischker, lecturer of composition and director of the Ole Miss graduate writing center, asked her students at the end of last semester to turn in short reflections on their experience in her class. She received submissions that she was near certain were produced by ChatGPT — “that,” she says as sarcastically as she does mournfully, “felt really good.
  • The central theme of the course was empathy.
Javier E

Transcript: Ezra Klein Interviews Nimrod Novik - The New York Times - 0 views

  • for years now, a group of hundreds of former senior defense and diplomatic officials in Israel have been saying this is a catastrophe — that it is a catastrophe for Israeli security, a catastrophe for Israeli democracy, a catastrophe for Israelis’ international standing, and a catastrophe for Israel’s soul. Their warnings seem quite prescient now.
  • they’ve argued there was another way. There was a huge amount Israel could do on its own and should have been doing, that if Israel is not going to tip into a kind of single state that it did not want and could not ultimately defend, that the conditions had to be created now for something else to emerge in the future.
  • One of the people working on that project was Nimrod Novik. He’s my guest today. Novik was a top aide to Shimon Peres when Peres was prime minister and vice premier. In that role, Novik was involved in all manner of negotiations with the Palestinians, with the Arab world, with the international community. He’s on the executive committee of Commanders for Israel’s Security, which is a group I mentioned a minute ago. And he’s an Israel fellow at the Israel Policy Forum.
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  • NIMROD NOVIK: The group that worked on it, called Commanders for Israel’s Security, it’s over 500 Israeli retired generals, as well as their equivalents from the Mossad, Shin Bet Security, National Security Council, the entire Israeli security establishment. And we formed a team. We felt that Israeli policy was far too reactive and far too conservative for the good of the country, national security, short and long-term.
  • We had not anticipated the trauma of Oct. 7, but we certainly anticipated things getting from bad to worse, unless Israel changes course.
  • we came up with a plan that suggested even though a two-state solution, as you said, is not on this side of the horizon, but given that eventually, it’s the only solution that we believe serves Israel’s security and well-being long-term, as a strong Jewish democracy, we mapped out what can and should be done in the coming two, three years to reverse the slide towards the disaster of a one-state solution.
  • NIMROD NOVIK: There were primarily two governing concepts, if you will, of the Israeli policy. Again, calling it policy is giving it more credit than deserved. Israeli government have been reluctant to determine the end game of our relationship with the Palestinians. Where do we want to see ourselves and them two years, five years, 50 years from now? No decision has been made since the Oslo era.
  • As a result, what we’ve seen was a policy based on insisting on separating the Gaza Strip, ruled by Hamas from the West Bank, ruled sort of by the Palestinian Authority. Separation was one principle
  • And the other one was dubbed status quo, even though it was an illusion, because nothing was static about it. As a matter of fact, creeping annexation has been accelerating under various governments.
  • The more territory was taken by settlements, the more extreme settlers were conducting violent raids into Palestinian civil populations. The more the Palestinian Authority, internally defective, becoming more and more authoritarian, more and more detached from its own constituents, less responsive, less capable of governance, losing control over large swaths of West Bank territory, forcing the I.D.F. to enter more and more
  • It was a slide into a state where the Palestinian Authority would cease to function as the promise of the nucleus of a Palestinian state.
  • If we look at it today, it’s already perhaps the municipal government of the city of Ramallah, rather than of the West Bank, and weakening the Palestinian Authority by choking it financially. By not allowing it to demonstrate to its people that it is the vehicle that will bring them one day to their aspiration of statehood, on the one hand, and making sure that Hamas controls Gaza, the two tracks spelled disaster.
  • So I must confess, we had not anticipated that the disaster will look the way it did on Oct. 7, but we certainly realized that the policy in Gaza of rounds of violence every year, every two years, every 18 months, and buying off relative tranquility by funding Hamas through the auspices of Qatar, allowing it to arm and rearm, the inherent contradictions in the policy were quite apparent
  • There’s a right-wing one-state solution. I think when you mentioned the finance minister, Bezalel Smotrich, I think if you read things he has written in the past, he is looking for a one-state solution. He wants to crush Palestinian dreams of statehood and repress Palestinians sufficiently that they stop believing they can ever have anything better and eventually content themselves to Israeli rule and live quietly within that in order to gain better lives.
  • NIMROD NOVIK: I’ll put it bluntly. I believe that a two-state solution is inevitable, not because we wish it and not because it’s nice, not because Palestinians deserve self-determination — which they do, but that’s not a historic imperative. I believe that the two-state solution is inevitable because these two people are not going to live happily ever after under one roof.
  • For that to happen, for the two people to stay in one state, one of two things have to happen. Either Israelis will agree to grant Palestinian equal rights in that one state and therefore become a minority, or at least, a slim majority in our own country, and that’s never going to happen. Israelis are not going to agree to be less than the overwhelming majority in our own country.
  • Or Palestinians will agree forever to forgo equal rights, which I suspect is as unreasonable expectation as the other. So we will separate.
  • NIMROD NOVIK: Civil separation with overall security control — continued security control until a two-state agreement ushers in alternative security arrangements, is a concept that basically suggests reversing the creeping annexation, which is no longer creeping. It’s now galloping.
  • So the idea is to start reversing the slide towards one-state reality in the opposite direction, of reducing the friction between the two populations, increasing the capacity of the P.A. to perform, while maintaining the overall security controlled by Israel until a deal is struck.
  • You often hear when you talk to people in Israel about different paths that could be taken. Well, we don’t have anybody to negotiate with. The Palestinian Authority doesn’t have credibility. Hamas wants our destruction
  • And a core premise of the report is that there are things Israel can do unilaterally, that it doesn’t need a partner to do things that will make the situation better from its perspective and create conditions maybe for deals in the future. So tell me what is in Israel’s power here. What would you actually recommend to do tangibly?
  • NIMROD NOVIK: It’s not a genetic deformation of the Palestinians that they cannot govern themselves. This is nonsense. We had a period after the second intifada, the years 2007, 2008, where the Palestinian Authority, there was a prime minister by the name of Salam Fayyad. First, he was finance minister, later on prime minister, who revitalized the Palestinian Authority in a dramatic way. The authority was on the rise. People were proud in it, its own population. They could have won elections at that point.
  • And then Netanyahu was elected in 2009. Now, obviously, we are the strongest party. We hold most of the cards by far. And when we decide that we are going to choke the Palestinian Authority, the Palestinian Authority will choke
  • Now the second trend that happened was that Mahmoud Abbas, President Abbas, known as Abu Mazen, the early Abu Mazen was a very different person than the late one with whom we are dealing today. He became increasingly nondemocratic, authoritarian, autocratic, paranoid, removing from his vicinity and from position of power all the best and brightest that were working during that era
  • . Things went from bad to worse, Israel doing its share in weakening the P.A. and the P.A. leadership became more claustrophobic. All these can change.
  • At the moment, the West Bank is a Swiss cheese. It’s 169 islands of Palestinian-controlled areas surrounded each by Israeli-controlled territory. So we wanted to reduce that by half so that contiguity will have a security, law and order, and economic well-being effect.
  • We suggested a host of economic measures that enable the Palestinian Authority to deliver for the people, which is the opposite of what’s happening now, when our minister of finance is choking the Palestinian Authority by withholding funds that are theirs by the agreement Israel collects taxes for the Palestinian Authority, VAT and others. And we are supposed to automatically transfer them to the Palestinian Authority. It’s the main chunk of their budget.
criscimagnael

As Boris Johnson Stumbles, Labour Struggles to Offer a Clear Message - The New York Times - 0 views

  • When Boris Johnson hit energy companies with a windfall tax last week as a way of providing more aid for struggling consumers, it was a bittersweet moment for the opposition Labour Party, which had been promoting just such a plan for months.
  • For once, Labour could claim to have won “the battle of ideas.” But at a stroke, Mr. Johnson had co-opted the party’s marquee policy and claimed the credit.
  • senior leadership “must bear responsibility” for the failure to follow the rules.
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  • “It looks like modest progress because it is modest progress,” said Mr. McTernan, while adding that it was still a “massive rebalancing” after the 2019 defeat.
  • And while the Conservatives lost badly in recent local elections, Labour has made only limited progress, with smaller parties doing well.
  • He promptly promised that he would resign if he were fined by the police — in contrast to Mr. Johnson, who suffered that fate in April but refused to quit.
  • In the 2019 general election, parts of England that for decades had voted for Labour switched en masse to the Conservatives, allowing Mr. Johnson to recast the political map just as Donald J. Trump did in the United States in 2016.
  • Even he accepts that Labour is not yet in a solid, election-winning position.
  • In 2019, the Conservatives captured areas like Burnley, in Britain’s postindustrial “red wall,” and Labour polled poorly in Scotland, once another heartland, losing out to the Scottish National Party.
  • So Labour is hosting a series of town-hall meetings where uncommitted voters are asked what would lure them back to the party.
  • “It broke my heart in 2019 when I watched communities where I grew up and that I call home turning blue for the first time in history,” said Ms. Nandy, referring to the campaign color used by the Conservatives.
  • The reason, she thinks, is that politicians spend too much time in London and too little “on people’s own territory having conversations with them about things that matter to them.”
  • “I don’t think anyone is expecting full policy across the board until the time of the next election,” she said. “A lot of what we need to do is about rebuilding our relationship with the country and setting out our values, and people need to get to know the Labour Party again.”
  • “I know so many progressives who think that politics is like a football game: If you have a 10-point plan on health and your opponents only have a five-point plan you win 10 to 5,” Mr. McTernan said. “You don’t.”
  • To succeed, the party needs to convince people like Ged Ennis, the director of a renewable energy company that equipped Burnley College with solar panels. He has voted for Labour and the Conservatives over the years, but opted for the centrist Liberal Democrats in 2019.
  • “I think what he needs to do is to be brave and to be really clear about what he wants to deliver,
criscimagnael

Can Ancient Maori Knowledge Aid Science? Ask These Freshwater Crayfish. - The New York Times - 0 views

  • Te Arawa, which has long used woven flax mats, known as uwhi, to cross water and gather food in shallow swamps, is employing modern diving technology to staple uwhi underwater where aquatic herbicide hasn’t worked or shouldn’t be sprayed. It has helped stop the weed’s growth and create new migration routes for the crayfish.
  • “This is a perfect example of combining mātauranga Māori” — traditional Māori knowledge — “and Western science,”
  • The resulting backlash has split New Zealand’s scientific community, attracted interventions from one of the world’s most prominent academics and prompted a discussion about what it means to “know” something at all.
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  • Many of New Zealand’s more traditionally minded scientists, however, see the spiritual and moral aspects of mātauranga as contradictory to conventional science, which is supposed to be value-neutral and limited to knowledge that can be empirically proven.
  • Kendall Clements, a marine biologist who signed the letter, said they were not trying to disrespect mātauranga, but to emphasize the differences between it and conventional science.
  • “In trying to probe that difference, we may collectively come to a better understanding of a solution than if we drew on a single body of knowledge in isolation,” he said.
  • Some alleged that the letter was an example of white supremacy. Waikaremoana Waitoki, the president of the New Zealand Psychological Society, denounced the letter’s “racist tropes” and “moral panic.”
  • The situation became more tense after the polarizing British biologist Richard Dawkins denounced the Royal Society’s investigation and described mātauranga as “not science and not true.”
  • For Te Arawa, the melding of mātauranga with conventional science has proved successful. Amid the weedy jungle in Lake Rotomā’s shallows, an enormous clearing has emerged.
  • “We’ve essentially created new mātauranga,” Mr. O’Neill said before carefully tucking his dreadlocks beneath the cap of his wet suit and slipping into the lake. “And we’re going to use it to finish the last of the lake weed off.”
peterconnelly

The U.S. is sending Ukraine advanced rocket systems to battle Russia. Here's why that matters. - 0 views

  • Russia is advancing in the east behind a barrage of artillery that has strained Ukrainian defenses and Western unity over support for a protracted war.
  • President Joe Biden announced Wednesday that the U.S. would be sending Ukraine the high mobility artillery rocket system, or HIMARS. "This new package will arm them with new capabilities and advanced weaponry, including HIMARS with battlefield munitions, to defend their territory from Russian advances," he said in a statement.
  • He said that combined with their targeting capacity aided by commercial drones and counter battery radars, the systems would provide a “distinct qualitative and quantitative improvement” to Ukraine’s combat capability.
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  • MLRS missiles typically have a range of up to 40 miles, and can be equipped with GPS-guided missiles.
  • However they are unlikely to arrive in time to save swaths of the country's east from being battered and overrun.
  • saying Wednesday that Russian forces now control around 80 percent of the ruined city.
  • “The combination of artillery barrage, airstrikes and missile strikes is what we expected from Russia from the beginning of the war and they are grinding the Ukrainians down,” said William Alberque
  • “This is an active artillery war. A war in which you need long-range firepower," the official said. “This war is about shooting and moving. Who can shoot the longest and fastest wins.”
  • Biden on Monday told reporters that the U.S. would not “send to Ukraine rocket systems that can strike into Russia." A senior administration official said Ukraine has agreed not to use them to launch rockets into Russia.
  • Moscow's messaging over the long-range weapons systems showed it "knows exactly how to play on the West's doubts and fear of a direct NATO-Russia confrontation,"
  • “But each day the West hesitates is a day Russian artillery rules the battlefield. Russian advances are preceded by massive fire. Each city lost by Ukraine is a city leveled to the ground, making each retreat even more painful,” Horowitz said.
criscimagnael

Germany to Send Ukraine Missile Defense System and Radar Equipment - The New York Times - 0 views

  • “This, too, is a decision we have made that ensures Ukraine’s security with the most modern equipment,”
  • The speed and scale of weapons donations to Ukraine has been a persistent source of criticism for Mr. Scholz both from Ukraine and from inside Germany, even as he has spoken of breaking with decades of pacifist policy.
  • In addition, Germany has taken in 168 “especially severely wounded” Ukrainian soldiers for medical treatment, Mr. Scholz said.
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  • The German government’s commitment to helping Ukraine has caused some political ripples in Europe.
  • Germany last month made a similar tank exchange agreement with the Czech Republic to allow that country to pass its stocks of Soviet weaponry to Ukraine. Last week, however, President Andrzej Duda of Poland accused Berlin of reneging on a similar deal to replace tanks sent to Ukraine from Poland.
lilyrashkind

June Poised to be Major Month for Coronavirus Vaccine Decisions | Health News | US News - 0 views

  • The Food and Drug Administration’s vaccine advisory committee has several meetings scheduled for June, including a two-day meeting in mid-June when experts will consider whether to allow shots from Moderna and Pfizer in America’s youngest kids – a major milestone that has eluded parents for months.
  • Additionally, the committee meets at the end of June to discuss whether and how to modify the coronavirus vaccine to combat circulating variants.The pair of developments could mean major changes on the vaccine front. Many parents have criticized the Biden administration for moving too slowly to authorize a coronavirus vaccine for the youngest children as record numbers became infected and hospitalized during the omicron wave. Meanwhile, experts have raised concerns over waning vaccine efficacy while waves of new coronavirus variants wash over the country and show no signs of slowing.
  • The company said that the majority of infections were mild and that no kids developed severe cases of COVID-19, but it acknowledged that efficacy of the vaccine dropped during the omicron surge. It added that it is “preparing to evaluate the potential of a booster dose for all pediatric populations.”
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  • The decision has to come this month “because of the time required for manufacturing the necessary doses,” three of FDA’s top officials – FDA Commissioner Robert Califf, vaccine expert Peter Marks and principal deputy commissioner Janet Woodcock – wrote in a paper published by the journal JAMA in May.Both Pfizer and Moderna are studying vaccines designed to combat omicron and other strains. However, data on the shots remains scarce.
  • Despite mounting anticipation for the decision, the percentage of parents who will get their young children vaccinated is likely to be low compared to other age groups. A survey from February found that 31% of parents of children in the age range will get their kid vaccinated right away if a vaccine is authorized.
  • Clinical data from Moderna’s shot is expected this month, according to the company. Moderna in April released findings to support its booster shot development strategy, but the data comes after research in animals suggested the omicron-specific shot might not provide additional protection. A study from scientists at the National Institutes of Allergy and Infectious Diseases’s Vaccine Research Center found that primates boosted with the original vaccine had similar levels of protection as monkeys who got an omicro
  • The Biden administration has warned of potential fall and winter surges infecting up to 100 million Americans as it gears up for a fall booster shot campaign, whether that is with an omicron-specific shot or not. The FDA authorized a fourth vaccine dose for people ages 50 and older in March, and expanding the shot to more age groups is under consideration.“Administering additional COVID-19 vaccine doses to appropriate individuals this fall around the time of the usual influenza vaccine campaign has the potential to protect susceptible individuals against hospitalization and death, and therefore will be a topic for FDA consideration,” the officials wrote.In fact, the officials said that coronavirus booster shots could be on their way to becoming a yearly occurrence.
  • It is time to “accept that the presence of SARS-CoV-2, the virus that causes COVID-19, is the new normal,” according to the officials.“It will likely circulate globally for the foreseeable future, taking its place alongside other common respiratory viruses such as influenza,” they wrote.But paying for the shots remains an issue for the Biden administration as Congress shows little appetite for approving more COVID-19 funding.
criscimagnael

Deep in Vatican Archives, Scholar Discovers 'Flabbergasting' Secrets - The New York Times - 0 views

  • David Kertzer has spent decades excavating the Vatican’s hidden history, with his work winning a Pulitzer and capturing Hollywood’s attention. A new book examines Pope Pius XII’s role in the Holocaust.
  • Over the last few decades, Mr. Kertzer has turned the inquisitive tables on the church. Using the Vatican’s own archives, the soft-spoken Brown University professor and trustee at the American Academy in Rome has become arguably the most effective excavator of the Vatican’s hidden sins, especially those leading up to and during World War II.
  • The son of a rabbi who participated in the liberation of Rome as an Army chaplain, Mr. Kertzer grew up in a home that had taken in a foster child whose family was murdered in Auschwitz.
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  • “Part of what I hope to accomplish,” Mr. Kertzer said, “is to show how important a role Pius XII played.”
  • Mr. Kertzer makes the case that Pius XII’s overriding dread of Communism, his belief that the Axis powers would win the war, and his desire to protect the church’s interests all motivated him to avoid offending Hitler and Mussolini, whose ambassadors had worked to put him on the throne. The pope was also worried, the book shows, that opposing the Führer would alienate millions of German Catholics.
  • The book further reveals that a German prince and fervent Nazi acted as a secret back channel between Pius XII and Hitler, and that the pope’s top Vatican adviser on Jewish issues urged him in a letter not to protest a Fascist order to arrest and send to concentration camps most of Italy’s Jews.
  • “A more open protest would not have saved a single Jew but killed even more,” Michael Hesemann, who considers Pius XII a champion of Jews, wrote in response to the evidence revealed by Mr. Kertzer, whom he called “heavily biased.”
  • Since then, Vatican archivists recognize and, sometimes, encourage him.
  • On Oct. 16, 1943, Nazis rounded up more than a thousand of them throughout the city, including hundreds in the Jewish ghetto, now a tourist attraction where crowds feast on Jewish-style artichokes near a church where Jews were once forced to attend conversion sermons.
  • “They didn’t want to offend the pope,” Mr. Kertzer said. His book shows that Pius XII’s top aides only interceded with the German ambassador to free “non-Aryan Catholics.” About 250 were released. More than a thousand were murdered in Auschwitz.
  • One U.S. soldier, a Jew from Rome who had emigrated to America when Mussolini introduced Italy’s racial laws, asked Rabbi Kertzer if he could make an announcement to see if his mother had survived the war. The rabbi positioned the soldier at his side, and when the services started, a cry broke out and the G.I.’s mother rushed up to embrace her son.
  • At Brown University, his organizing against the Vietnam War nearly got him kicked out, and landed him in a jail cell with Norman Mailer. He stayed in school and became enamored with anthropology and with Susan Dana, a religion major from Maine.
  • In the early 1990s, an Italian history professor told him about Edgardo Mortara, a 6-year-old child of Jewish parents in Bologna. In 1858, the church Inquisitor ordered the boy seized because a Christian servant girl had possibly, and secretly, had him baptized, and so he could not remain in a Jewish family.
  • Mr. Kertzer argues that the unearthed documents paint a more nuanced picture of Pius XII, showing him as neither the antisemitic monster often called “Hitler’s Pope” nor a hero.
  • “Perhaps even they’re happy that some outsider is able to bring this to light because it’s awkward, perhaps, for some of them to do so,” he said.
Javier E

We Are All Realists Now - The Atlantic - 0 views

  • in the past decade or so, human rights have pretty much disappeared from our politics. Throughout the 9/11 wars, the grotesque contradiction between the rhetoric of freedom and the reality of tortured prisoners, civilian casualties, and grinding conflict corrupted the cause beyond remedy
  • After Iraq and Afghanistan, no president can send young men and women to war by invoking human rights. When Barack Obama refrained from punishing Bashar al-Assad of Syria for murdering thousands of innocent people with poison gas, there was no outcry from the general public.
  • With the eclipse of U.S. prestige and power, the decay of liberal democracy, and the rising appeal of authoritarian regimes, there’s no longer any mechanism—neither military force nor threat of sanctions and isolation, nor global pressure campaigns by civil-society groups—to make the world’s dictators hesitate before they throw people into concentration camps.
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  • Privately, Obama told his aide Ben Rhodes that not even the 1994 Rwandan genocide merited a strong U.S. response. Without announcing a new era of foreign-policy “realism,” Obama brought it into being.
  • When Chamath Palihapitiya said that Americans should “take care of our own backyard” before pointing fingers at other countries, he was voicing a widespread belief.
  • When they come up as a policy issue, we look for ways to justify doing nothing. We are all realists now.
  • the mind stops seeking and absorbing news of them, and so, in a sense, they cease to exist. Their nonexistence stems from and reinforces the profound self-absorption into which Americans have sunk in the past decade.
  • the demise of these mechanisms has soured Americans on the idea of human rights itself. Because we no longer think we can change the behavior of the world’s oppressors—because the cost of trying will be too high—we no longer think much about human rights at all.
  • The idea that solidarity with the oppressed here should naturally extend to the oppressed everywhere—an internationalist idea that long ago defined the left—has died,
  • along with the global system in which the U.S. played an intermittent, usually two-faced, often incompetent, occasionally effective role as the self-proclaimed upholder of human rights as a universal value.
  • But instincts have a way of outlasting ideas. Within most Americans lies a buried feeling that they should care about the torment of the Uyghurs.
  • This is Kanter’s style of activism—it’s personal. He gets in a dictator’s face, nose to nose, chest to chest, as if Xi Jinping is a bully throwing cheap shots and committing flagrant fouls and everyone else is afraid to call him out. “Someone had to do it,” Kanter told me.
  • some players asked him to unfollow them on social media, and not one has spoken out on his behalf. “Maybe they don’t know enough about it,” he told me. “But I feel like the fear of losing money, the fear of losing business, the fear of losing endorsement deals …” He didn’t complete the obvious thought. “And also, sometimes they do not care enough about what’s going on outside America.”
  • indifference, and not the pervasive influence of Chinese contracts and sneaker endorsements, is the most interesting thing about the league’s unfriendly response to Freedom’s campaign for global human rights. Of course young players want to win lucrative deals while they can, but most people in the league don’t even experience a conflict between money and principle. The latter has disappeared. It’s as if Freedom is putting all that money in jeopardy for a self-indulgent whim—as if he’s taken a tactless interest in matters that don’t concern him.
Javier E

March 2020: How the Fed Averted Economic Disaster - WSJ - 0 views

  • Over the week of March 16, markets experienced an enormous shock to what investors refer to as liquidity, a catchall term for the cost of quickly converting an asset into cash.
  • Mr. Powell bluntly directed his colleagues to move as fast as possible.
  • They devised unparalleled emergency-lending backstops to stem an incipient financial panic that threatened to exacerbate the unfolding economic and public-health emergencies.
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  • They were offering nearly unlimited cheap debt to keep the wheels of finance turning, and when that didn’t help, the Fed began purchasing massive quantities of government debt outright.
  • Investors dumped whatever they could, including ostensibly “risk-free” U.S. Treasury securities. As a global dash for dollars unfolded, Treasurys were no longer serving as the market’s traditional shock absorbers, amplifying extreme turmoil on Wall Street.
  • By week’s end, the Dow had plunged more than 10,000 points since mid-February as investors struggled to get their arms around what a halt to global commerce would mean for businesses that would soon have no revenue.
  • “It was sheer, unadulterated panic, of a magnitude that was far worse than in 2008 and 2009. Far worse,”
  • The idea of shutting down markets was especially discouraging: “It was a profoundly un-American thing to contemplate, to just shut everything down, and almost fatalistic—that we’re not going to get out of this.”
  • nearly two years later, most agree that the Fed’s actions helped to save the economy from going into a pandemic-induced tailspin.
  • “My thought was—I remember this very clearly—‘O.K. We have a four-or-five-day chance to really get our act together and get ahead of this. We’re gonna try to get ahead of this,’” Mr. Powell recalled later. “And we were going to do that by just announcing a ton of stuff on Monday morning.”
  • It worked. The Fed’s pledges to backstop an array of lending, announced on Monday, March 23, would unleash a torrent of private borrowing based on the mere promise of central bank action—together with a massive assist by Congress, which authorized hundreds of billions of dollars that would cover any losses.
  • If the hardest-hit companies like Carnival, with its fleet of 104 ships docked indefinitely, could raise money in capital markets, who couldn’t?
  • on April 9, where he shed an earlier reluctance to express an opinion about government spending policies, which are set by elected officials and not the Fed. He spoke in unusually moral terms. “All of us are affected,” he said. “But the burdens are falling most heavily on those least able to carry them…. They didn’t cause this. Their business isn’t closed because of anything they did wrong. This is what the great fiscal power of the United States is for—to protect these people as best we can from the hardships they are facing.”
  • They were extraordinary words from a Fed chair who during earlier, hot-button policy debates said the central bank needed to “stay in its lane” and avoid providing specific advice.
  • To avoid a widening rift between the market haves (who had been given access to Fed backstops) and the market have-nots (who had been left out because their debt was deemed too risky), Mr. Powell had supported a decision to extend the Fed’s lending to include companies that were being downgraded to “junk” status in the days after it agreed to backstop their bonds.
  • Most controversially, Mr. Powell recommended that the Fed purchase investment vehicles known as exchange-traded funds, or ETFs, that invest in junk debt. He and his colleagues feared that these “high-yield” bonds might buckle, creating a wave of bankruptcies that would cause long-term scarring in the economy.
  • Mr. Powell decided that it was better to err on the side of doing too much than not doing enough.
  • , Paul Singer, who runs the hedge-fund firm Elliott Management, warned that the Fed was sowing the seeds of a bigger crisis by absolving markets of any discipline. “Sadly, when people (including those who should know better) do something stupid and reckless and are not punished,” he wrote, “it is human nature that, far from thinking that they were lucky to have gotten away with something, they are encouraged to keep doing the stupid thing.”
  • The breathtaking speed with which the Fed moved and with which Wall Street rallied after the Fed’s announcements infuriated Dennis Kelleher, a former corporate lawyer and high-ranking Senate aide who runs Better Markets, an advocacy group lobbying for tighter financial regulations.
  • This is a ridiculous discussion no matter how heartfelt Powell is about ‘we can’t pick winners and losers’—to which my answer is, ‘So instead you just make them all winners?’”
  • “Literally, not only has no one in finance lost money, but they’ve all made more money than they could have dreamed,” said Mr. Kelleher. “It just can’t be the case that the only thing the Fed can do is open the fire hydrants wide for everybody
  • Mr. Powell later defended his decision to purchase ETFs that had invested in junk debt. “We wanted to find a surgical way to get in and support that market because it’s a huge market, and it’s a lot of people’s jobs… What were we supposed to do? Just let them die and lose all those jobs?” he said. “If that’s the biggest mistake we made, stipulating it as a mistake, I’m fine with that. It wasn’t time to be making finely crafted judgments,” Mr. Powell said. He hesitated for a moment before concluding. “Do I regret it? I don’t—not really.”
  • “We didn’t know there was a vaccine coming. The pandemic is just raging. And we don’t have a plan,” said Mr. Powell. “Nobody in the world has a plan. And in hindsight, the worry was, ‘What if we can’t really fully open the economy for a long time because the pandemic is just out there killing people?’”
  • Mr. Powell never saw this as a particularly likely outcome, “but it was around the edges of the conversation, and we were very eager to do everything we could to avoid that outcome,”
  • The Fed’s initial response in 2020 received mostly high marks—a notable contrast with the populist ire that greeted Wall Street bailouts following the 2008 financial crisis. North Carolina Rep. Patrick McHenry, the top Republican on the House Financial Services Committee, gave Mr. Powell an “A-plus for 2020,” he said. “On a one-to-10 scale? It was an 11. He gets the highest, highest marks, and deserves them. The Fed as an institution deserves them.”
  • The pandemic was the most severe disruption of the U.S. economy since the Great Depression. Economists, financial-market professionals and historians are only beginning to wrestle with the implications of the aggressive response by fiscal and monetary policy makers.
  • Altogether, Congress approved nearly $5.9 trillion in spending in 2020 and 2021. Adjusted for inflation, that compares with approximately $1.8 trillion in 2008 and 2009.
  • By late 2021, it was clear that many private-sector forecasters and economists at the Fed had misjudged both the speed of the recovery and the ways in which the crisis had upset the economy’s equilibrium. Washington soon faced a different problem. Disoriented supply chains and strong demand—boosted by government stimulus—had produced inflation running above 7%.
  • because the pandemic shock was akin to a natural disaster, it allowed Mr. Powell and the Fed to sidestep concerns about moral hazard—that is, the possibility that their policies would encourage people to take greater risks knowing that they were protected against larger losses. If a future crisis is caused instead by greed or carelessness, the Fed would have to take such concerns more seriously.
  • The high inflation that followed in 2021 might have been worse if the U.S. had seen more widespread bankruptcies or permanent job losses in the early months of the pandemic.
  • an additional burst of stimulus spending in 2021, as vaccines hastened the reopening of the economy, raised the risk that monetary and fiscal policy together would flood the economy with money and further fuel inflation.
  • The surge in federal borrowing since 2020 creates other risks. It is manageable for now but could become very expensive if the Fed has to lift interest rates aggressively to cool the economy and reduce high inflation.
  • The Congressional Budget Office forecast in December 2020 that if rates rose by just 0.1 percentage point more than projected in each year of the decade, debt-service costs in 2030 would rise by $235 billion—more than the Pentagon had requested to spend in 2022 on the Navy.
  • its low-rate policies have coincided with—and critics say it has contributed to—a longer-running widening of wealth inequality.
  • In 2008, household wealth fell by $8 trillion. It rose by $13.5 trillion in 2020, and in the process, spotlighted the unequal distribution of wealth-building assets such as houses and stocks.
  • Without heavy spending from Washington, focused on the needs of the least well-off, these disparities might have attracted more negative scrutiny.
  • Finally, the Fed is a technocratic body that can move quickly because it operates under few political constraints. Turning to it as the first line of defense in this and future crises could compromise its institutional independence.
  • Step one, he said, was to get in the fight and try to win. Figuring out how to exit would be a better problem to have, because it would mean they had succeeded.
  • “We have a recovery that looks completely unlike other recoveries that we’ve had because we’ve put so much support behind the recovery,” Mr. Powell said last month. “Was it too much? I’m going to leave that to the historians.”
  • The final verdict on the 2020 crisis response may turn on whether Mr. Powell is able to bring inflation under control without a painful recession—either as sharp price increases from 2021 reverse on their own accord, as officials initially anticipated, or because the Fed cools down the economy by raising interest rates.
Javier E

Putin's war and the Chaos Climbers - by Noah Smith - 0 views

  • The title of this post is a reference to a line from the TV show Game of Thrones, where the scheming nobleman Littlefinger declares that “Chaos is a ladder.” By disrupting the stability of the current regime, he intends to create space to move up in the world.
  • I see many of the above-mentioned figures on both the Right and the Left as Chaos Climbers — people who believe that the travails of the liberal order built after World War 2 represent an opening for their own fringe ideologies to advance their power.
  • it’s just a description of what has been actually happening over the last decade.
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  • If Putin defeats the Ukrainians, the conservatives that are standing against Putin will look ineffectual and weak. The Trumpists will then be able to solidify their control over the GOP.
  • Meanwhile, on the Democratic side, the socialist Left that started to revive itself with the antiwar movement and Occupy blossomed into a full-blown generational movement with the 2016 Bernie Sanders campaign that revived the DSA, spawned a new generation of activist orgs like the Sunrise movement, and created a new (though still modest) socialist medi
  • So far, despite fierce factionalism, the socialists have not yet succeeded in taking over the Democratic party like Trump took over the GOP. But in highlighting the failures of centrist Dems to curb inequality, revive unions, fix health care, or save the welfare state, they clearly hope to be able to pull off a takeover at some point.
  • Establishment failures equal insurgent opportunities. That shouldn’t be too controversial.
  • Both the liberal center-Left and the conservative center-Right are basically committed to upholding the global liberal order. Putin, by invading and attempting to conquer a sovereign state, challenges that order. If Putin succeeds, even modestly, it represents a failure for the U.S. establishment figures who tried to stop him.
  • It was the failure of conservatism that gave rise to the Trumpist movement and the alt-right. Bush’s muscular interventionism ran aground in Iraq, laissez-faire economics crashed the economy in 2008, and Christian conservatism failed to halt the gay rights movement. The conservative paradigm that had taken over the GOP in the 70s and 80s failed all at once, and fringe elements — the alt-right, conspiracy theorists, Trump — sort of took over the party.
  • it also means a victory for raw power and will (perhaps implying that efforts like the January 6th putsch are the preferred method for attaining power).
  • But if Putin loses, then Trump and his allies who for years praised and defended Putin’s regime will be discredited. Success has a thousand fathers; failure is an orphan.
  • Even more damningly, if Putin loses, it’ll be a success for the globalist order — sanctions and aid to Ukraine will represent a triumph of international cooperation. Exactly the kind of world order the Trumpists want so badly to smash.
  • If Putin defeats Ukraine, it’ll be a debacle for Biden and the establishment, and perhaps a socialist candidate will be a little closer to winning the next primary.
  • So Chaos Climbers on the Right and Left both have some incentive to want Putin to win — or at least for the war to be perceived as a NATO loss.
  • What these people all fear is the return of the order of the 1990s — a return to the idea of liberal internationalism as the least bad of all possible systems of human organization.
  • many people all over the ideological spectrum allowed themselves to see the chaos of the last decade as a high and beautiful wave that would carry them to power…and now, if Putin is ejected from Ukraine by a triumphant international liberal West, the various Chaos Climbers may see their waves break and roll back.
Javier E

Opinion | Wonking Out: Why Growth Can Be Green - The New York Times - 0 views

  • I want to take a break and talk about environmental policy — specifically, the relationship between protecting the environment and economic growth.
  • the Biden administration has taken a huge step forward in the fight against climate change. The strategically misleadingly named Inflation Reduction Act is mainly a climate bill, using subsidies and tax credits to promote green energy
  • It’s not quite as aggressive as the climate plans in Biden’s original Build Back Better legislation, but modelers estimate that it will accomplish about 80 percent of what B.B.B. was trying to do.
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  • The biggest factor making this kind of climate initiative possible, after so many years of inaction, is the spectacular technological progress in renewable energy that has taken place since 2009 or so. This means that we can greatly reduce emissions using carrots instead of sticks: giving people incentives to use low-emission technologies rather than trying to regulate or tax them into giving up high-emission activities.
  • the politics of carrots are obviously a lot easier than the politics of sticks.
  • Above all, real G.D.P. says nothing about how stuff is produced. A kilowatt-hour of electricity counts the same whether it was generated by burning coal or wind power, but the environmental impact is completely different.
  • So let’s talk about why such claims are all wrong.
  • many people don’t understand what economic growth means, imagining that it necessarily involves producing the same things you were producing before, in the same ways, but just at a larger scale.
  • But that’s not at all what growth means. Currently, America’s real gross domestic product is about a third larger than it was in 2007. But the economy of 2023 isn’t just the economy of 2007 scaled up by a third. Production of some goods has gone way down — coal production has been cut roughly in half.
  • at this precise moment — the most hopeful moment for the environment, as far as I can tell, in decades — my inbox has been filling up with woeful claims that environmental protection is incompatible with economic growth. These claims are oddly bipartisan. Some of them come from people on the left who insist that the planet can’t be saved unless we give up on the notion of perpetual economic growth. Others come from people on the right who insist that we must give up on all this environmentalism if we want to preserve prosperity.
  • In fact, environmental quality is often better in rich countries, with high G.D.P. per capita, than in middle-income countries
  • As a result, there’s no reason a growing economy must place an increasing burden on the environment.
  • the environmental Kuznets curve.
  • , a comparison between the New York metropolitan area and Delhi, India. Delhi has a larger population but a much smaller G.D.P. So does New York’s big economy mean a highly stressed environment?
  • how does air quality in the two cities compare? As anyone who’s visited both places knows, New York air is, well, relatively OK, while Delhi air … isn’t.
  • at higher levels of development, delinking growth from environmental impact isn’t just possible in principle but something that happens a lot in practice.
  • Here’s a favorite chart of mine from the invaluable Our World in Data website. It shows carbon dioxide emissions per capita in Britain, where the Industrial Revolution began. The early phases of industrialization were indeed associated with a huge rise in emissions. But more recently emissions have fallen back to the levels of the ’50s — the 1850s:
  • How did Britain do that? Part of the answer is that over time the British economy switched from relying on coal to relying on hydrocarbons, which when burned generate less carbon dioxide. Britain also learned to use energy more efficiently over time. But more recently a big factor has been the rise of renewable energy, especially, in Britain’s case, wind power
  • So when you hear an environmentalist say something like, “We live on a finite planet, so we can’t have unlimited economic growth,” what they’re actually revealing is that they don’t understand what economic growth means
  • in practice, they’re lending aid and comfort to anti-environmentalists, who want us to believe that protecting the environment is incompatible with rising living standards.
  • That said, while it’s possible to decouple growth from environmental harm, that’s not automatic. To combine rising living standards with an improving environment, we need policies that encourage the use of technologies that cause less environmental damage.
  • The good news is that the United States is finally implementing such policies. Still, we need a lot more action along those lines — not just in America but in the rest of the world. So we can do this — but we need to try, and not give in to counsels of despair.
Javier E

The un-celebrity president: Jimmy Carter shuns riches, lives modestly in his Georgia hometown - The Washington Post - 0 views

  • The Democratic former president decided not to join corporate boards or give speeches for big money because, he says, he didn’t want to “capitalize financially on being in the White House.”
  • Presidential historian Michael Beschloss said that Gerald Ford, Carter’s predecessor and close friend, was the first to fully take advantage of those high-paid post-presidential opportunities, but that “Carter did the opposite.”
  • Since Ford, other former presidents, and sometimes their spouses, routinely earn hundreds of thousands of dollars per speech.
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  • “I don’t see anything wrong with it; I don’t blame other people for doing it,” Carter says over dinner. “It just never had been my ambition to be rich.”
  • Carter decided that his income would come from writing, and he has written 33 books, about his life and career, his faith, Middle East peace, women’s rights, aging, fishing, woodworking, even a children’s book written with his daughter, Amy Carter, called “The Little Baby Snoogle-Fleejer.”
  • Carter costs U.S. taxpayers less than any other ex-president, according to the General Services Administration, with a total bill for him in the current fiscal year of $456,000, covering pensions, an office, staff and other expenses.
  • Carter is the only president in the modern era to return full-time to the house he lived in before he entered politics — a two-bedroom rancher assessed at $167,000, less than the value of the armored Secret Service vehicles parked outside.
  • Ex-presidents often fly on private jets, sometimes lent by wealthy friends, but the Carters fly commercial. Stuckey says that on a recent flight from Atlanta to Los Angeles, Carter walked up and down the aisle greeting other passengers and taking selfies.
  • “He doesn’t like big shots, and he doesn’t think he’s a big shot,” said Gerald Rafshoon, who was Carter’s White House communications director.
  • With book income and the $210,700 annual pension all former presidents receive, the Carters live comfortably. But his books have never fetched the massive sums commanded by more recent presidents.
  • The federal government pays for an office for each ex-president. Carter’s, in the Carter Center in Atlanta, is the least expensive, at $115,000 this year. The Carters could have built a more elaborate office with living quarters, but for years they slept on a pullout couch for a week each month. Recently, they had a Murphy bed installed.
  • Carter doesn’t even have federal retirement health benefits because he worked for the government for four years — less than the five years needed to qualify, according to the GSA. He says he receives health benefits through Emory University, where he has taught for 36 years.
  • Carter’s office costs a fraction of Obama’s, which is $536,000 a year. Clinton’s costs $518,000, George W. Bush’s is $497,000 and George H.W. Bush’s is $286,000, according to the GSA.
  • “He didn’t feel suited to the grandeur,” Eizenstat said. “Plains is really part of his DNA. He carried it into the White House, and he carried it out of the White House.”
  • “I am a great admirer of Harry Truman. He’s my favorite president, and I really try to emulate him,” says Carter, who writes his books in a converted garage in his house. “He set an example I thought was admirable.”
  • The Jimmy Carter National Historic Site is essentially the entire town, drawing nearly 70,000 visitors a year and $4 million into the county’s economy.
  • Carter has used his post-presidency to support human rights, global health programs and fair elections worldwide through his Carter Center, based in Atlanta. He has helped renovate 4,300 homes in 14 countries for Habitat for Humanity, and with his own hammer and tool belt, he will be working on homes for low-income people in Indiana later this month.
  • Carter’s gait is a little unsteady these days, three years after a diagnosis of melanoma on his liver and brain. At a 2015 news conference to announce his illness, he seemed to be bidding a stoic farewell, saying he was “perfectly at ease with whatever comes.”
  • In October, he will become the second president ever to reach 94; George H.W. Bush turned 94 in June. These days, Carter is sharp, funny and reflective.
  • The Carters walk every day — often down Church Street, the main drag through Plains, where they have been walking since the 1920s.
  • “I grew up in church with him,” says Maya Wynn. “He’s a nice guy, just like a regular person.”
  • “He’s a good ol’ Southern gentleman,” says David Lane.
  • Carter says this place formed him, seeding his beliefs about racial equality. His farmhouse youth during the Great Depression made him unpretentious and frugal. His friends, maybe only half-joking, describe Carter as “tight as a tick.”
  • That no-frills sensibility, endearing since he left Washington, didn’t work as well in the White House. Many people thought Carter scrubbed some of the luster off the presidency by carrying his own suitcases onto Air Force One and refusing to have “Hail to the Chief” played.
  • Stuart E. Eizenstat, a Carter aide and biographer, said Carter’s edict eliminating drivers for top staff members backfired. It meant that top officials were driving instead of reading and working for an hour or two every day.
  • That’s less than half the $952,000 budgeted for George H.W. Bush; the three other living ex-presidents — Clinton, George W. Bush and Obama — cost taxpayers more than $1 million each per year.
  • When Carter looks back at his presidency, he says he is most proud of “keeping the peace and supporting human rights,” the Camp David accords that brokered peace between Israel and Egypt, and his work to normalize relations with China. In 2002, he was awarded the Nobel Peace Prize for his efforts.
  • “I always told the truth,” he says.
  • Carter says he thinks the Supreme Court’s Citizens United decision has “changed our political system from a democracy to an oligarchy. Money is now preeminent. I mean, it’s just gone to hell now.”
  • He says he believes that the nation’s “ethical and moral values” are still intact and that Americans eventually will “return to what’s right and what’s wrong, and what’s decent and what’s indecent, and what’s truthful and what’s lies.”
  • They are asked if there is anything they want but don’t have. “I can’t think of anything,” Carter says, turning to Rosalynn. “And you?” “No, I’m happy,” she says.
  • They watch Atlanta Braves games or “Law and Order.” Carter just finished reading “The Innovators” by Walter Isaacson. They have no chef and they cook for themselves, often together. They make their own yogurt.
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