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Javier E

The AI Revolution Is Already Losing Steam - WSJ - 0 views

  • Most of the measurable and qualitative improvements in today’s large language model AIs like OpenAI’s ChatGPT and Google’s Gemini—including their talents for writing and analysis—come down to shoving ever more data into them. 
  • AI could become a commodity
  • To train next generation AIs, engineers are turning to “synthetic data,” which is data generated by other AIs. That approach didn’t work to create better self-driving technology for vehicles, and there is plenty of evidence it will be no better for large language models,
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  • AIs like ChatGPT rapidly got better in their early days, but what we’ve seen in the past 14-and-a-half months are only incremental gains, says Marcus. “The truth is, the core capabilities of these systems have either reached a plateau, or at least have slowed down in their improvement,” he adds.
  • the gaps between the performance of various AI models are closing. All of the best proprietary AI models are converging on about the same scores on tests of their abilities, and even free, open-source models, like those from Meta and Mistral, are catching up.
  • models work by digesting huge volumes of text, and it’s undeniable that up to now, simply adding more has led to better capabilities. But a major barrier to continuing down this path is that companies have already trained their AIs on more or less the entire internet, and are running out of additional data to hoover up. There aren’t 10 more internets’ worth of human-generated content for today’s AIs to inhale.
  • A mature technology is one where everyone knows how to build it. Absent profound breakthroughs—which become exceedingly rare—no one has an edge in performance
  • companies look for efficiencies, and whoever is winning shifts from who is in the lead to who can cut costs to the bone. The last major technology this happened with was electric vehicles, and now it appears to be happening to AI.
  • the future for AI startups—like OpenAI and Anthropic—could be dim.
  • Microsoft and Google will be able to entice enough users to make their AI investments worthwhile, doing so will require spending vast amounts of money over a long period of time, leaving even the best-funded AI startups—with their comparatively paltry warchests—unable to compete.
  • Many other AI startups, even well-funded ones, are apparently in talks to sell themselves.
  • the bottom line is that for a popular service that relies on generative AI, the costs of running it far exceed the already eye-watering cost of training it.
  • That difference is alarming, but what really matters to the long-term health of the industry is how much it costs to run AIs. 
  • Changing people’s mindsets and habits will be among the biggest barriers to swift adoption of AI. That is a remarkably consistent pattern across the rollout of all new technologies.
  • the industry spent $50 billion on chips from Nvidia to train AI in 2023, but brought in only $3 billion in revenue.
  • For an almost entirely ad-supported company like Google, which is now offering AI-generated summaries across billions of search results, analysts believe delivering AI answers on those searches will eat into the company’s margins
  • Google, Microsoft and others said their revenue from cloud services went up, which they attributed in part to those services powering other company’s AIs. But sustaining that revenue depends on other companies and startups getting enough value out of AI to justify continuing to fork over billions of dollars to train and run those systems
  • three in four white-collar workers now use AI at work. Another survey, from corporate expense-management and tracking company Ramp, shows about a third of companies pay for at least one AI tool, up from 21% a year ago.
  • OpenAI doesn’t disclose its annual revenue, but the Financial Times reported in December that it was at least $2 billion, and that the company thought it could double that amount by 2025. 
  • That is still a far cry from the revenue needed to justify OpenAI’s now nearly $90 billion valuation
  • the company excels at generating interest and attention, but it’s unclear how many of those users will stick around. 
  • AI isn’t nearly the productivity booster it has been touted as
  • While these systems can help some people do their jobs, they can’t actually replace them. This means they are unlikely to help companies save on payroll. He compares it to the way that self-driving trucks have been slow to arrive, in part because it turns out that driving a truck is just one part of a truck driver’s job.
  • Add in the myriad challenges of using AI at work. For example, AIs still make up fake information,
  • getting the most out of open-ended chatbots isn’t intuitive, and workers will need significant training and time to adjust.
  • That’s because AI has to think anew every single time something is asked of it, and the resources that AI uses when it generates an answer are far larger than what it takes to, say, return a conventional search result
  • None of this is to say that today’s AI won’t, in the long run, transform all sorts of jobs and industries. The problem is that the current level of investment—in startups and by big companies—seems to be predicated on the idea that AI is going to get so much better, so fast, and be adopted so quickly that its impact on our lives and the economy is hard to comprehend. 
  • Mounting evidence suggests that won’t be the case.
Javier E

China to Be No. 1 Economy Before 2030, Study Says - NYTimes.com - 1 views

  • To assess the validity of this study, the research and analysis team graded their past work on global trends, an effort undertaken every four years since 1996. Past studies, they found, had underestimated the speed with which changes arrived on the global scene.
  • The risk of conflict within a state — like a civil war or an insurgency — is expected to decline in Latin America, but will remain high in sub-Saharan Africa, in parts of the Middle East and South Asia, as well as in some Asia-Pacific island hot spots, the study warns.
  • “the health of the global economy increasingly will be linked to how well the developing world does — more so than the traditional West.” In addition to China, the developing nations that “will become especially important to the global economy” include India, Brazil, Colombia, Indonesia, Nigeria, South Africa and Turkey.
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  • A new intelligence assessment of global trends projects that China will outstrip the United States as the leading economic power before 2030, but that America will remain an indispensable world leader
  • “The growth of the global middle class constitutes a tectonic shift,” the study says, adding that billions of people will gain new individual power as they climb out of poverty. “For the first time, a majority of the world’s population will not be impoverished, and the middle classes will be the most important social and economic sector in the vast majority of countries around the world.”
  • half of the world’s population will probably be living in areas that suffer from severe shortages of fresh water, meaning that management of natural resources will be a crucial component of global national security efforts.
  • terrorists could mount a computer-network attack in which the casualties would be measured not by the hundreds or thousands killed but by the millions severely affected by damaged infrastructure, like electrical grids being taken down.
  • At least 15 countries are “at high risk of state failure” by 2030, the report predicts, among them Afghanistan and Pakistan, but also Burundi, Rwanda, Somalia, Uganda and Yemen.
  • The best-case situation for global security until 2030, according to the study, would be a growing political partnership between the United States and China.
  • The worst-case situation envisions a stalling of economic globalization that would preclude advancement of financial well-being around the world. That would be a likely outcome after an outbreak of a health pandemic that, even if short-lived, would result in closed borders and economic isolationism.
  • Mr. Burrows noted that the audiences in China were far more accepting of the American intelligence assessments — both those predicting China’s economic ascendancy and those warning of political dangers if there was no reform of governance in Beijing — than were audiences in Russia.
  • To assess the validity of this study, the research and analysis team graded its past work on global trends, an effort undertaken every four years since 1996. Past studies, it found, underestimated the speed with which changes arrived on the global scene.
  • previous assessments should have paid greater attention to ideology.
  • The risk of conflict within a state — like a civil war or an insurgency — is expected to decline in Latin America, but will remain high in sub-Saharan Africa, in parts of the Middle East and South Asia, and in some Asia-Pacific island hot spots
  • Most worrisome — and already a part of the global security dynamic — is an assessment that future wars in Asia and the Middle East could include nuclear weapons.
  • Other important demographic trends will be aging populations in Europe, Japan, South Korea and Taiwan, which could slow their economies further
  • “the health of the global economy increasingly will be linked to how well the developing world does — more so than the traditional West.”
  • In addition to China, the developing nations that “will become especially important to the global economy” include Brazil, Colombia, India, Indonesia, Nigeria, South Africa and Turkey.
Javier E

On the Brink in Italy - NYTimes.com - 0 views

  • But among Italy’s estimated six  million companies, businesses of all  sizes have been going belly up at the rate of 1,000 a day over the  last year, especially among the small and midsize companies that  represent the backbone of Italy’s 1.5 trillion euro, or $2 trillion, economy.
  • '‘This underscores the likelihood of Italy having a Japan-like decade  with phenomenally slow growth,’' said Kenneth S. Rogoff,  a professor  at Harvard University and former chief economist of the International Monetary Fund. '‘And it raises painful questions about the long-run stability of  growth in the euro zone over all.’'
Javier E

Recent heat spike unlike anything in 11,000 years - Yahoo! Weather - 0 views

  • it took 4,000 years for the world to warm about 1.25 degrees from the end of the ice age to about 7,000 years ago. The same fossil-based data suggest a similar level of warming occurring in just one generation: from the 1920s to the 1940s.
  • scientists may have to go back 125,000 years to find warmer temperatures potentially rivaling today's.
  • the climate had been gently warming out of the ice age with a slow cooling that started about 6,000 years ago. Then the cooling reversed with a vengeance. The study shows the recent heat spike "has no precedent as far back as we can go with any confidence, 11,000 years arguably,"
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  • Before this study, continuous temperature record reconstruction only went back about 2,000 years. The temperature trend produces a line shaped like a "hockey stick" with a sudden spike after what had been a fairly steady line. That data came from tree rings, ice cores and lake sediments.
  • the general downward trend of temperatures that reversed 100 years ago seemed to indicate the Earth was heading either toward another ice age or little ice age from about 1550 to 1850. Or it was continuing to cool naturally until greenhouse gases from the burning of fossil fuels changed everything.
  • "We have, through human emissions of carbon dioxide and other heat-trapping gases, indefinitely delayed the onset of the next ice age and are now heading into an unknown future where humans control the thermostat of the planet,
Javier E

Sundown in America - NYTimes.com - 0 views

  • the Main Street economy is failing while Washington is piling a soaring debt burden on our descendants, unable to rein in either the warfare state or the welfare state or raise the taxes needed to pay the nation’s bills. By default, the Fed has resorted to a radical, uncharted spree of money printing. But the flood of liquidity, instead of spurring banks to lend and corporations to spend, has stayed trapped in the canyons of Wall Street, where it is inflating yet another unsustainable bubble.
  • When it bursts, there will be no new round of bailouts like the ones the banks got in 2008. Instead, America will descend into an era of zero-sum austerity and virulent political conflict, extinguishing even today’s feeble remnants of economic growth.
  • we are now state-wrecked. With only brief interruptions, we’ve had eight decades of increasingly frenetic fiscal and monetary policy activism intended to counter the cyclical bumps and grinds of the free market and its purported tendency to underproduce jobs and economic output. The toll has been heavy.
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  • The modern Keynesian state is broke, paralyzed and mired in empty ritual incantations about stimulating “demand,” even as it fosters a mutant crony capitalism that periodically lavishes the top 1 percent with speculative windfalls.
  • The future is bleak. The greatest construction boom in recorded history — China’s money dump on infrastructure over the last 15 years — is slowing. Brazil, India, Russia, Turkey, South Africa and all the other growing middle-income nations cannot make up for the shortfall in demand. The American machinery of monetary and fiscal stimulus has reached its limits. Japan is sinking into old-age bankruptcy and Europe into welfare-state senescence. The new rulers enthroned in Beijing last year know that after two decades of wild lending, speculation and building, even they will face a day of reckoning, too.
  • what’s at hand is a Great Deformation, arising from a rogue central bank that has abetted the Wall Street casino, crucified savers on a cross of zero interest rates and fueled a global commodity bubble that erodes Main Street living standards through rising food and energy prices — a form of inflation that the Fed fecklessly disregards in calculating inflation.
  • The way out would be so radical it can’t happen. It would necessitate a sweeping divorce of the state and the market economy. It would require a renunciation of crony capitalism and its first cousin: Keynesian economics in all its forms. The state would need to get out of the business of imperial hubris, economic uplift and social insurance and shift its focus to managing and financing an effective, affordable, means-tested safety net.
  • All this would require drastic deflation of the realm of politics and the abolition of incumbency itself, because the machinery of the state and the machinery of re-election have become conterminous. Prying them apart would entail sweeping constitutional surgery: amendments to give the president and members of Congress a single six-year term, with no re-election; providing 100 percent public financing for candidates; strictly limiting the duration of campaigns (say, to eight weeks); and prohibiting, for life, lobbying by anyone who has been on a legislative or executive payroll. It would also require overturning Citizens United and mandating that Congress pass a balanced budget, or face an automatic sequester of spending.
  • It would also require purging the corrosive financialization that has turned the economy into a giant casino since the 1970s. This would mean putting the great Wall Street banks out in the cold to compete as at-risk free enterprises, without access to cheap Fed loans or deposit insurance. Banks would be able to take deposits and make commercial loans, but be banned from trading, underwriting and money management in all its forms.
  • It would require, finally, benching the Fed’s central planners, and restoring the central bank’s original mission: to provide liquidity in times of crisis but never to buy government debt or try to micromanage the economy. Getting the Fed out of the financial markets is the only way to put free markets and genuine wealth creation back into capitalism.
  • If this sounds like advice to get out of the markets and hide out in cash, it is.
Javier E

Is Growth Over? - NYTimes.com - 0 views

  • What do we know about the prospects for long-run prosperity?
  • The answer is: less than we think.
  • long-term projections produced by official agencies, like the Congressional Budget Office, generally make two big assumptions.
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  • Robert Gordon of Northwestern University created a stir by arguing that economic growth is likely to slow sharply — indeed, that the age of growth that began in the 18th century may well be drawing to an end.
  • On the other side, however, these projections generally assume that income inequality, which soared over the past three decades, will increase only modestly looking forward.
  • One is that economic growth over the next few decades will resemble growth over the past few decades. In particular, productivity — the key driver of growth — is projected to rise at a rate not too different from its average growth since the 1970s.
  • long-term economic growth hasn’t been a steady process; it has been driven by several discrete “industrial revolutions,” each based on a particular set of technologies. The first industrial revolution, based largely on the steam engine, drove growth in the late-18th and early-19th centuries. The second, made possible, in large part, by the application of science to technologies such as electrification, internal combustion and chemical engineering, began circa 1870 and drove growth into the 1960s.
  • The third, centered around information technology, defines our current era. And, as Mr. Gordon correctly notes, the payoffs so far to the third industrial revolution, while real, have been far smaller than those to the second. Electrification, for example, was a much bigger deal than the Internet.
  • the case against Mr. Gordon’s techno-pessimism rests largely on the assertion that the big payoff to information technology, which is just getting started, will come from the rise of smart machines.
  • machines may soon be ready to perform many tasks that currently require large amounts of human labor. This will mean rapid productivity growth and, therefore, high overall economic growth.
  • who will benefit from that growth? Unfortunately, it’s all too easy to make the case that most Americans will be left behind, because smart machines will end up devaluing the contribution of workers, including highly skilled workers whose skills suddenly become redundant
  • there’s good reason to believe that the conventional wisdom embodied in long-run budget projections — projections that shape almost every aspect of current policy discussion — is all wrong.
Javier E

The Chutzpah Caucus - NYTimes.com - 0 views

  • there is, I believe, a further obstacle to change: widespread, deep-seated cynicism about the ability of democratic governments, once engaged in stimulus, to change course in the future.
  • this cynicism, which sounds realistic and worldly-wise, is actually sheer fantasy. Ending stimulus has never been a problem — in fact, the historical record shows that it almost always ends too soon. And in America, at least, we have a pretty good record for behaving in a fiscally responsible fashion
  • In the United States, government spending programs designed to boost the economy are in fact rare — F.D.R.’s New Deal and President Obama’s much smaller Recovery Act are the only big examples. And neither program became permanent — in fact, both were scaled back much too soon. F.D.R. cut back sharply in 1937, plunging America back into recession; the Recovery Act had its peak effect in 2010, and has since faded away, a fade that has been a major reason for our slow recovery.
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  • if you look at United States history since World War II, you find that of the 10 presidents who preceded Barack Obama, seven left office with a debt ratio lower than when they came in. Who were the three exceptions? Ronald Reagan and the two George Bushes. So debt increases that didn’t arise either from war or from extraordinary financial crisis are entirely associated with hard-line conservative governments. And there’s a reason for that association: U.S. conservatives have long followed a strategy of “starving the beast,” slashing taxes so as to deprive the government of the revenue it needs to pay for popular programs.
Javier E

A World Without Work - NYTimes.com - 1 views

  • This decline isn’t unemployment in the usual sense, where people look for work and can’t find it. It’s a kind of post-employment, in which people drop out of the work force and find ways to live, more or less permanently, without a steady job. So instead of spreading from the top down, leisure time — wanted or unwanted — is expanding from the bottom up
  • the decline in blue-collar work is often portrayed in near-apocalyptic terms — on the left as the economy’s failure to supply good-paying jobs, and on the right as a depressing sign that government dependency is killing the American work ethic.
  • America’s immense wealth is still our era’s most important economic fact.
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  • we can probably find ways to subsidize — through public means and private — a continuing decline in blue-collar work.
  • By historical standards their lives are more comfortable than the left often allows, and the fiscal cost of their situation is more sustainable than the right tends to admits. (Medicare may bankrupt us, but food stamps probably will not.)
  • One could make the case that the right to not have a boss is actually the hardest won of modern freedoms: should it really trouble us if more people in a rich society end up exercising it?
  • the decline of work carries social costs as well as an economic price tag. Even a grinding job tends to be an important source of social capital, providing everyday structure for people who live alone, a place to meet friends and kindle romances for people who lack other forms of community, a path away from crime and prison for young men, an example to children and a source of self-respect for parents.
  • it poses a much greater threat to social mobility than to absolute prosperity. (A nonworking working class may not be immiserated; neither will its members ever find a way to rise above their station.) And its costs will be felt in people’s private lives and inner worlds even when they don’t show up in the nation’s G.D.P.
  • we’ve gained a world where steady work is less necessary to human survival than ever before. But human flourishing is another matter. And it’s our fulfillment, rather than the satisfaction of our appetites, that’s threatened by the slow decline of work.
katyshannon

Philippines' Typhoon Koppu brings severe floods - BBC News - 0 views

  • Heavy rain and floods are affecting dozens of villages, after Typhoon Koppu swept through the northern Philippines.The slow-moving weather system has killed at least two people and forced tens of thousands from their homes.
  • Koppu has now been downgraded to a severe tropical storm by the Japanese Meteorological Agency, which is responsible for naming and tracking it.However, the Philippines' own weather agency, which calls the weather system Lando, is still characterising it as a typhoon.
  • Despite weakening, Koppu is expected to keep dumping rain on the country for a considerable time to come. Some forecasts suggest it may not be until Wednesday that it moves past the Philippines and on to Taiwan.
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  • Unlike previous tropical cyclones, the threat from typhoon Koppu is not so much from the wind but from the massive amount of rain. More than a metre of rainfall is forecast in just a few days in Luzon province. That is double what London gets in an entire year. In the south of Luzon, it has brought severe flooding with whole villages under water. But perhaps more dangerous are massive landslides. The fear is that with the ground heavy and saturated with water, whole hillsides could collapse.
  • Typhoon Koppu made landfall near the town of Casiguran on the main island of Luzon on Sunday morning, bringing winds of close to 200km/h (124mph) and cutting power to vast areas.
  • A teenager was killed by a fallen tree in Manila which also injured four others. A concrete wall also collapsed in the town of Subic, northwest of Manila, killing a 62-year-old woman, officials said.
  • dawn on Monday, wind speeds were down to 150 km/h (93 mph) in the northern town of Santiago, according to the state weather service.But floodwaters are preventing even military vehicles reaching many of the worst-hit villages, and rescuers report a shortage of boats."We haven't reached many areas. About 60% to 70% of our town is flooded, some as deep as three metres," said Henry Velarde, vice mayor of Jaen, a town in Nueva Ecija province."There are about 20,000 residents in isolated areas that need food and water."
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    Philippines' Typhoon Koppu flooding endangers thousands
Javier E

The Auto Industry Rescue May Be The Single Best Way To Understand The Choices Voters Face This Election. | The New Republic - 0 views

  • Looking back, the key disagreement between Obama and Romney wasn’t over whether the auto industry should survive. It was over whether the government should act to make the industry's survival possible—whether, facing an instance of market breakdown, the government should intervene in order to protect hundreds of thousands, and maybe more than a million, people from losing their jobs.  
  • that’s really the same philosophical argument Obama and Romney are having when they debate other areas of policy.
  • the Detroit rescue reveals another difference between the two—one that is more about character than ideology
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  • Even if the rescue worked as he hoped it would, chances were good that progress would be slow in coming—that, by today, the companies would still be struggling, creating a political embarrassment. Obama approved the rescue anyway. And that included granting assistance to Chrysler. Half of his economic advisers opposed that, fearing, among other things, the shrinking car market was too small to support both companies. Obama’s rationale was simple: If he had the power to stop the devastation of either company shutting down, he was going to use it.
  • Romney’s inconsistent rhetoric may leave us wondering precisely what he really thought and would have done. But they tell us a lot about how he operates in the face of political pressure. When Romney was trying to appease conservatives and win the
  • it’s possible to draw from the auto industry rescue a pretty good lesson about the real differences between Obama and Romney. Obama understands that the market doesn’t always work on its own—that sometimes government must intervene in order to protect Americans from economic harm. Romney doesn’t. Obama is also willing to act in the face of political peril. Romney isn’t.
drewmangan1

Hillary Clinton Says Her Tax Plans Won't Diminish Growth. Experts Say Otherwise - Real Time Economics - WSJ - 0 views

  • “We are going to ask the wealthy and corporations to pay their fair share,” she said at Wednesday’s debate. “And there is no evidence whatsoever that that will slow down or diminish our growth.”
Javier E

The Conservative Intellectual Crisis - The New York Times - 0 views

  • I feel very lucky to have entered the conservative movement when I did, back in the 1980s and 1990s. I was working at National Review, The Washington Times, The Wall Street Journal’s editorial page. The role models in front of us were people like Bill Buckley, Irving Kristol, James Q. Wilson, Russell Kirk and Midge Decter.
  • These people wrote about politics, but they also wrote about a lot of other things: history, literature, sociology, theology and life in general. There was a sharp distinction then between being conservative, which was admired, and being a Republican, which was considered sort of cheesy.
  • The Buckley-era establishment self-confidently enforced intellectual and moral standards. It rebuffed the nativists like the John Birch Society, the apocalyptic polemicists who popped up with the New Right, and they exiled conspiracy-mongers and anti-Semites
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  • The older writers knew that being cultured and urbane wasn’t a sign of elitism. Culture was the tool they used for social mobility. T.S. Eliot was cheap and sophisticated argument was free.
  • Hillary Clinton is therefore now winning among white college graduates by 52 to 36 percent.
  • First, talk radio, cable TV and the internet have turned conservative opinion into a mass-market enterprise
  • Today’s dominant conservative voices try to appeal to people by the millions. You win attention in the mass media through perpetual hysteria and simple-minded polemics and by exploiting social resentment.
  • conservatism has done its best to make itself offensive to people who value education and disdain made-for-TV rage.
  • an intellectual tendency that champions free markets was ruined by the forces of commercialism
  • Conservatism went down-market in search of revenue. It got swallowed by its own anti-intellectual media-politico complex — from Beck to Palin to Trump.
  • The conservative intellectual landscape has changed in three important ways since then, paving the way for the ruination of the Republican Party.
  • Second, conservative opinion-meisters began to value politics over everything else.
  • The very essence of conservatism is the belief that politics is a limited activity, and that the most important realms are pre-political: conscience, faith, culture, family and community.
  • This is a sad story. But I confess I’m insanely optimistic about a conservative rebound.
  • Among social conservatives, for example, faith sometimes seems to come in second behind politics
  • Today, most white evangelicals are willing to put aside the Christian virtues of humility, charity and grace for the sake of a Trump political victory.
  • As conservatism has become a propagandistic, partisan movement it has become less vibrant, less creative and less effective.
  • That leads to the third big change. Blinkered by the Republican Party’s rigid anti-government rhetoric, conservatives were slow to acknowledge and even slower to address the central social problems of our time.
  • For years, middle- and working-class Americans have been suffering from stagnant wages, meager opportunity, social isolation and household fragmentation. Shrouded in obsolete ideas from the Reagan years, conservatism had nothing to offer these people because it didn’t believe in using government as a tool for social good
  • Trump demagogy filled the void.
  • recently conservatism has become more the talking arm of the Republican Party.
  • Conservatism is now being led astray by its seniors, but its young people are pretty great
  • It’s hard to find a young evangelical who likes Donald Trump. Most young conservatives are comfortable with ethnic diversity and are weary of the Fox News media-politico complex.
  • Conservatism’s best ideas are coming from youngish reformicons who have crafted an ambitious governing agenda (completely ignored by Trump).
  • A Trump defeat could cleanse a lot of bad structures and open ground for new growth.
  • It was good to be a young conservative back in my day. It’s great to be one right now.
katieb0305

Obamacare's Problems Probably Won't Save Trump - The Atlantic - 0 views

  • It’s crunch time for the Affordable Care Act.Days after a long, thorough speech from President Obama defending the law and laying out his vision for it in the years ahead, the administration released confirmation of what the industry had been signaling for most of the past few months: double-digit percentage point premium increases for benchmark plans for people insured through plans purchased on the Obamacare insurance marketplaces, known as exchanges, this upcoming year.
  • Young people are still slow to sign up, premiums have steadily risen in the exchanges, and big insurers like Aetna have left the exchanges, leaving several counties and at least one entire state with only one insurer.
  • Republicans seeking to destroy the law, and Democrats who have become increasingly vocal about further reforms or radical changes to the law. But will the bad news about Obamacare actually affect the election in a meaningful way?
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  • the news of premium hikes will work in his favor, though his criticism in reaction to news has revealed more about the limitations of his own policy knowledge than anything about how he’d fix the problem.
  • For one: The administration’s announcement is a mere formalizing of increases many people familiar with the industry predicted throughout the year.
  • If Trump is indicative, Republican politicians don’t have the language to capitalize on some of the weaknesses of the law right now. Over the past two years, neither their calls for blanket repeal of Obamacare, nor the coverage of historic gains in insurance coverage, have meaningfully altered public opinion one way or the other.
  • Only a small sliver of the population is enrolled through the exchanges, and most people in the country are covered through their employers, where premiums have risen at rates similar to previous years.
  • The federal government will protect most Americans from the real financial impacts of a spike in premiums, and only between five and seven million people will bear the full sticker shock of Obamacare premium hikes.
  • Additionally, most people with subsidized coverage who are directly threatened by the loss of Aetna or other major insurers won’t have to go shopping for new plans until 2017.
  • he future of the Affordable Care Act isn’t even the top health care issue for registered voters, but that finding comes with a few grains of salt. Sixty-six percent of those polled viewed the future of Medicare as a non-exclusive “top priority,” with an equal proportion viewing access and affordability of health care as such.
  • Proposals like Donald Trump’s that involve remaking a system that is just beginning to settle have challenges with winning over many people who actually have to navigate the changes involved.
  • So what’s left for Republicans and Donald Trump? Probably not another health-reform-fueled revolution. It’s unlikely that premium increases can influence enough lives now to provide that kind of momentum at the polls, and Trump’s incoherence looks more like a last-ditch gambit than legitimately savvy capitalization on what appear to be real problems with the law.
  • Americans are seeking affordable ways forward with what they have in ways that disrupt their lives the least. For now, their response is probably not panic
malonema1

U.S. Added 160,000 Jobs Last Month as Brisk Hiring Slowed - The New York Times - 0 views

  • The 160,000 increase in payrolls in April reported by the Labor Department on Friday followed the best two-year stretch for the job market since the tech-fueled boom of the late 1990s.
  • April’s slower but still steady pace of payroll growth could be a sign of things to come. With economists expecting the economy to grow at an annual rate of 1.5 to 2.5 percent for the balance of 2016, monthly job gains may fall from the 192,000 pace registered so far this year.
  • Diane Swonk, an independent economist in Chicago, pointed to the strong gain of 67,000 jobs in the business and professional services category as additional evidence that the broader slowdown in hiring last month was not an ominous sign of trouble ahead.
Megan Flanagan

ISIS 'executes' 232 near Mosul, takes 'human shields' - CNN.com - 0 views

  • SIS has "executed" 232 people near Mosul and taken tens of thousands of people to use as human shields against advancing Iraqi forces
  • terror group had carried out the mass killings on Wednesday,
  • 42 civilians in Hammam al-Alil,
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  • 190 former Iraqi Security Forces
  • October 17, ISIS has taken "tens of thousands" of men, women and children from the outskirts of Mosul into the city.
  • civilians being murdered as ISIS tries to herd people into its last stronghold in Iraq
  • had evacuated 5,000 to 6,000 civilians from there.
  • "90% surrounded Hammam al-Alil,"
  • Iraqi security forces might storm Hammam al-Alil in the next few hours but that it would depend on the situation on the ground,
  • using a "scorched earth" policy by destroying houses, buildings and bridges to slow down the advancing Iraqi security forces, he said.
  • US and its allies have killed between 800 and 900 ISIS fighters
  • 3,000 to 5,000 ISIS fighters defending the last major stronghold
  • additional 1,500 to 2,000 ISIS soldiers in a zone outside the city
abbykleman

Recent internet outage highlights the scary new reality of cyber attacks - 0 views

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    Cyber crime has moved closer to home than ever. The cyber attack that slowed many popular websites to a crawl last week is attracting new scrutiny to the security of the so-called "Internet of Things."
alexdeltufo

Greece passes tax and pension reforms - BBC News - 0 views

  • Trade unions say the country cannot bear another round of austerity.
  • Three days of a general strike paralysed public transport and slowed the public sector and the media.
  • Greece agreed to a third rescue package worth €86bn (£60bn) last year.
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  • She said the people responsible for the yes vote had "promised everything" to protesters in public squares five years ago, but were now "justifiably" frightened to leave their offices.
  • Prime Minister Tsipras was elected initially on an anti-austerity ticket but later signed up to Greece's third international bailout since 2010. He has a thin majority with 153 MPs in the 300-seat parliament.
  • Greece is already looking to implement spending cuts that will amount to 3% of the country's gross domestic product or €5.4bn euros by 2018.
Javier E

John McLaughlin: The man who pumped up the volume on political talk shows - The Washington Post - 0 views

  • The details of the discussions on “The McLaughlin Group” weren’t nearly as important as the chemistry and the pacing. Unlike it gray competitors, “The Group” was as much about the speed of the discussion as the intensity. Under McLaughlin’s lash, the panel churned through multiple topics in minutes, establishing the modern standard.
  • McLaughlin taunted the panelists to elicit counter-opinions, and he demanded predictions — creating, in short, the kind of speculative, subjective conversations that political junkies and sports fans adore. Who cared whether all the guessing and opinion-mongering probably influenced no one and ultimately meant nothing but a good show?
  • Some critics, including Germond, were appalled by what the show had wrought. They thought it trafficked in superficiality and oversimplification, reducing complicated policy questions to a point-scoring exercise. No less a critic than President Reagan said “The Group” had turned the traditional Sunday morning talk show into “a political version of ‘Animal House.’ ”
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  • Although “The McLaughlin Group” remains in syndication, its popularity began a slow and steady decline by the late 1990s. It was, in many ways, eaten by its own: Cable news networks, seeking cheap programming, filled hours with “McLaughlin”-style shoutfests involving compensated opinionistas.
  • McLaughlin’s children are everywhere. CNN, CNBC, MSNBC and Fox News Channel devote massive chunks of air time to animated, confrontational kibitzing. Add to this “The View,” Bill Maher’s show, and talk radio. Even hoary institutions such as “Meet the Press” contrive conversational scuffles.
Javier E

A new theory for why Trump voters are so angry - that actually makes sense - The Washington Post - 0 views

  • There’s been great thirst this election cycle for insight into the psychology of Trump voters
  • J.D. Vance’s memoir “Hillbilly Elegy” offers a narrative about broken families and social decay. “There is a lack of agency here — a feeling that you have little control over your life and a willingness to blame everyone but yourself,”
  • white voters feel the American Dream is drifting out of reach for them, and they are angry because they believe minorities and immigrants have butted in line.
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  • politics have increasingly become a matter of personal identity. Just about all of her subjects felt a deep sense of bitterness toward elites and city dwellers; just about all of them felt tread on, disrespected and cheated out of what they felt they deserved.
  • this “rural consciousness” is key to understanding which political arguments ring true to her subjects.
  • most rural Wisconsinites supported the tea party's quest to shrink government not out of any belief in the virtues of small government but because they did not trust the government to help “people like them.”
  • it is hard to conclude that the people I studied believe what they do because they have been hoodwinked. Their views are rooted in identities and values, as well as in economic perceptions; and these things are all intertwined.”
  • So it’s all three of these things — the power, the money, the respect. People are feeling like they’re not getting their fair share of any of that.
  • Cramer shows that there are nuances to political rage. To understand Trump's success, she argues, we have to understand how he tapped into people's sense of self.
  • people felt that they were not getting their fair share of decision-making power. For example, people would say: All the decisions are made in Madison and Milwaukee and nobody’s listening to us. Nobody’s paying attention, nobody’s coming out here and asking us what we think. Decisions are made in the cities, and we have to abide by them
  • people would complain that they weren’t getting their fair share of stuff, that they weren’t getting their fair share of public resources. That often came up in perceptions of taxation. People had this sense that all the sense that all the money is sucked in by Madison, but never spent on places like theirs.
  • people felt that they weren’t getting respect. They would say: The real kicker is that people in the city don’t understand us. They don’t understand what rural life is like, what’s important to us and what challenges that we’re facing. They think we’re a bunch of redneck racists.
  • Many have pointed out that American politics have become increasingly tribal; Cramer takes that idea a step further, showing how these tribal identities shape our perspectives on reality.
  • Look at all the graphs showing how economic inequality has been increasing for decades. Many of the stories that people would tell about the trajectories of their own lives map onto those graphs, which show that since the mid-'70s, something has increasingly been going wrong.
  • It’s just been harder and harder for the vast majority of people to make ends meet. So I think that’s part of this story. It’s been this slow burn.
  • So what do you think set it all off? Cramer: The Great Recession didn’t help. Though, as I describe in the book, people weren’t talking about it in the ways I expected them to. People were like, Whatever, we’ve been in a recession for decades. What’s the big deal?
  • Part of it is that the Republican Party over the years has honed its arguments to tap into this resentment. They’re saying: “You’re right, you’re not getting your fair share, and the problem is that it’s all going to the government. So let’s roll government back.”
  • truth be told, I think many people saw the election of an African American to the presidency as a threat. They were thinking: Wow something is going on in our nation and it’s really unfamiliar, and what does that mean for people like me?
  • I think in the end his presence has added to the anxieties people have about where this country is headed.
  • What I heard from my conversations is that, in these three elements of resentment — I’m not getting my fair share of power, stuff or respect — there’s race and economics intertwined in each of those ideas.
  • The other really important element here is people’s perceptions. Surveys show that it may not actually be the case that Trump supporters themselves are doing less well — but they live in places where it’s reasonable for them to conclude that people like them are struggling.
  • We know that when people think about their support for policies, a lot of the time what they’re doing is thinking about whether the recipients of these policies are deserving. Those calculations are often intertwined with notions of hard work, because in the American political culture, we tend to equate hard work with deservingness.
  • it’s not just people of color. People are like: Are you sitting behind a desk all day? Well that’s not hard work. Hard work is someone like me — I’m a logger, I get up at 4:30 and break my back. For my entire life that’s what I’m doing. I’m wearing my body out in the process of earning a living.
  • through resentment and these notions of deservingness, that’s where you can see how economic anxiety and racial anxiety are intertwined.
  • It’s not just resentment toward people of color. It’s resentment toward elites, city people.
  • it’s the perceptions that people have about their reality are the key driving force here. That’s been a really important lesson from this election.
  • As I was reading your book it really struck me that the people you talked to, they really have a strong sense of what they deserve, and what they think they ought to have. Where does that come from? Cramer: Part of where that comes from is just the overarching story that we tell ourselves in the U.S. One of the key stories in our political culture has been the American Dream — the sense that if you work hard, you will get ahead.
  • the notion that they are not getting what they deserve, it comes from them feeling like they’re struggling. They feel like they’re doing what they were told they needed to do to get ahead. And somehow it’s not enough.
  • Oftentimes in some of these smaller communities, people are in the occupations their parents were in, they’re farmers and loggers. They say, it used to be the case that my dad could do this job and retire at a relatively decent age, and make a decent wage. We had a pretty good quality of life, the community was thriving. Now I’m doing what he did, but my life is really much more difficult
  • Cramer: It’s not inevitable that people should assume that the decline in their quality of life is the fault of other population group
  • here’s where having Bernie Sanders and Donald Trump running alongside one another for a while was so interesting. I think the support for Sanders represented a different interpretation of the problem. For Sanders supporters, the problem is not that other population groups are getting more than their fair share, but that the government isn’t doing enough to intervene here and right a ship that’s headed in the wrong direction.
  • There’s just more and more of a recognition that politics for people is not — and this is going to sound awful, but — it’s not about facts and policies. It’s so much about identities, people forming ideas about the kind of person they are and the kind of people others are. Who am I for, and who am I against?
  • Policy is part of that, but policy is not the driver of these judgments. There are assessments of, is this someone like me? Is this someone who gets someone like me?
  • putting energy into trying to understanding they way they view the world and their place in it — that gets us so much further toward understanding how they’re going to vote, or which candidates are going to be appealing to them.
  • All of us, even well-educated, politically sophisticated people interpret facts through our own perspectives, our sense of what who we are, our own identities.
  • I don’t think that what you do is give people more information. Because they are going to interpret it through the perspectives they already have. People are only going to absorb facts when they’re communicated from a source that they respect, from a source who they perceive has respect for people like them.
  • People for months now have been told they’re absolutely right to be angry at the federal government, and they should absolutely not trust this woman, she’s a liar and a cheat, and heaven forbid if she becomes president of the United States. Our political leaders have to model for us what it’s like to disagree, but also to not lose basic faith in the system. Unless our national leaders do that, I don’t think we should expect people to
  • Thank God I was as naive as I was when I started. If I knew then what I know now about the level of resentment people have toward urban, professional elite women, would I walk into a gas station at 5:30 in the morning and say, “Hi! I’m Kathy from the University of Madison”?
  • And then I would go back for a second visit, a third visit, a fourth, fifth and sixth. And we liked each other. Even at the end of my first visit, they would say, “You know, you’re the first professor from Madison I’ve ever met, and you’re actually kind of normal.” And we’d laugh. We got to know each other as human beings.
  • That’s partly about listening, and that’s partly about spending time with people from a different walk of life, from a different perspective. There’s nothing like it. You can’t achieve it through online communication. You can’t achieve it through having good intentions. It’s the act of being with other people that establishes the sense we actually are all in this together.
Javier E

A white Southerner searches for the source of his family's racism - The Washington Post - 0 views

  • What was it in white Southern mores, folkways or history that made this such an indelible — though not unique — characteristic of theirs, that allowed so many of them to do such things or simply to stand in complicit silence, without a peep from conscience, as such things were done all around them?
  • “The Making of a Racist” is at its best in its early chapters as it recounts the author’s childhood indoctrination into the casual racism of the Jim Crow South. Racism was in the books he read. It was in the history he was taught. It was in the social conventions he observed. It was in the jokes he learned. It was like air or water, something that you didn’t question or think about, something that was just . . . there.
  • both were racists in an explicitly racist region, and both passed that to their son. One comes away from those coming-of-age chapters with renewed appreciation for the subtle yet ruthless efficiency with which systemic bigotry reinforces itself. And Dew’s recounting of his slow break from that system is compelling.
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  • race — what Dew calls “the absolute belief in white supremacy — unquestioned white superiority/unquestioned black inferiority” — only deepens the question. What does that mean? Where does that belief come from? What sustains it?
  • It survives, I think, largely because after all these years we cannot imagine ourselves without it, because we are emotionally invested in the intellectually lazy notion that eye shape, hair texture or melanin content can somehow be correlated to individual destiny, honesty, athleticism, musicality, intelligence and worth.
  • As Martin Luther King Jr. once put it: “If it may be said of the slavery era that the white man took the world and gave the Negro Jesus, then it may be said of the Reconstruction era that the Southern aristocracy took the world and gave the poor white man Jim Crow. And when his wrinkled stomach cried out for the food that his empty pockets could not provide, he ate Jim Crow, a psychological bird that told him that no matter how bad off he was, at least he was a white man, better than the black man.
  • “I don’t know where my head or heart was,” he said. “I don’t know where my parents’ heads and hearts were, or my teachers’. . . . We were blind to the reality of racism and afraid, I guess, of change.”
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