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Javier E

They Promoted Body Positivity. Then They Lost Weight. - The New York Times - 0 views

  • On a recent episode of the Burnt Toast podcast covering the rise of fat influencers losing weight, Virginia Sole-Smith, a journalist who writes about diet culture and who has contributed to The Times, said that influencers who once promoted fat acceptance but now claim they feel healthier when they are thinner are “throwing everyone else under the bus.”
  • “You used the hashtags in order to grow your following in order to post your affiliate links, get your sponsor deals, all of that,” Ms. Sole-Smith said. “So now what you’re basically telling us is you co-opted all that rhetoric and you don’t believe it at all, and that is pretty gross.”
  • Her co-host Corinne Fay said she thought it was better for influencers to be upfront if they were using weight-loss drugs instead of vaguely claiming to be “pursuing health.”“They don’t want to call it a diet, so it’s called a health and fitness journey,” Ms. Sole-Smith said. “That’s pretty exasperating.”
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  • Ms. Davis acknowledged that with her weight loss came affirmation — more party invitations, more attention from men. “I so badly want to be like, ‘What you look like doesn’t matter,’” she said. “But it sure does change how people treat you.”
  • When she relapsed, Ms. Davis convinced herself she was just trying to eat healthier and be more active. Soon though, she said, she was subsisting on rice cakes and Red Bull
  • iven that she is still working on her own issues — and given that she’s no longer plus size — she doesn’t feel it’s her place to advocate body positivity online.“There was a time when I was in a body where I was experiencing fatphobia,” she said. “Now that I’m not in that body currently, I don’t think my voice is needed.”
  • When Ms. James first noticed that Ms. Davis had lost weight, she unfollowed her. “I just didn’t think that was good for me,” she said. But then she noticed her feeds were full of people posting their exercise and diet routines. Ms. Davis was just one of many women who were no longer proudly plus size. Ms. James re-followed her. And recently, she said, she started working out and shedding pounds herself.“I guess weight is just as much of a trend as anything else,” Ms. James said.
Javier E

Dave Ramsey Tells Millions What to Do With Their Money. People Under 40 Say He's Wrong. - WSJ - 0 views

  • Ramsey, the well-known and intensely followed 63-year-old conservative Christian radio host, has 4.4 million Instagram followers, 1.9 million TikTok followers and legions more who listen to his radio shows and podcasts.
  • His message is brutal and direct: Avoid debt at all costs. Pay for everything in cash. Embrace frugality.
  • Plenty of 20- and 30-year-olds are pushing back, largely on TikTok. The hashtag #daveramseywouldntapprove, for instance, has 66.8 million views. Many say they don’t want to eat rice and beans every night—a popular Ramsey trope—or hold down multiple jobs to pay off loans. They also say Ramsey is out of touch with their reality.
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  • Rising inflation has led to surging prices for groceries, cars and many essentials. The cost of a college education has skyrocketed in two decades, with the average student debt for federal loans at $37,000, according to the Education Department. Overall debts for Americans in their 30s jumped 27% from late 2019 to early 2023—steeper than for any other age group.
  • home prices have risen considerably, while wages haven’t kept pace.
  • “What Dave Ramsey really misses is any kind of social context,” says Morgan Sanner, a
  • She began paying off $48,000 in student loans (a Ramsey do) and also took out a loan to buy a 2016 Honda (a Ramsey don’t). Her rationale was that it was safer to pay extra for a more reliable car than a junker she could buy with cash. S
  • he feels these sorts of real-life decisions don’t factor into his advice.
  • When she saw a comment from Ramsey online about how people receiving pandemic stimulus payments were “pretty much screwed already,” Israel felt it came across as shaming people. The pandemic shutdowns ended a decadelong economic expansion for Black Americans, a disproportionate number of whom lost their jobs and relied on those checks.
  • “Moralizing financial decisions is very damaging to marginalized groups,” says Israel, who is Black.
  • Many young adults scratch their heads over his advice that people should let their credit scores dwindle and die.
  • People need a good credit score, says Mandy Phillips, a 39-year-old residential mortgage loan originator in Redding, Calif. She uses TikTok and other social media to educate millennials and Gen Z about home buying. Scores are vital when applying for mortgages and rentals.
  • She also takes issue with Ramsey’s advice to only obtain a home loan if you can take out a 15-year fixed-rate mortgage with a down payment of at least 10%. Few younger buyers can pay the large monthly bills of shorter-term mortgages.
  • “That may have worked years ago in the ’80s and ’90s, but that’s not something that is achievable for the average American,” Phillips says.
  • Housing is a particularly hot-button topic. He advises people to only buy a house with their lawfully wedded spouse. Yet many young adults are pooling their finances with partners, friends or roommates to buy their first homes. 
  • Ramsey is perhaps best known for advocating a “debt snowball method”: People with multiple loans pay off the smallest balances first, regardless of interest rate. As you knock out each loan, he says, the money you have to put toward larger debt snowballs. Seeing small wins motivates people to keep going, he says.Conventional economic theory would be to pay off the highest-interest loans first, says James Choi, a finance professor at the Yale School of Management, who has studied the advice of popular finance gurus.
  • Ramsey’s save-not-spend message sounds logical, young adults say. It’s his all-or-nothing approach that doesn’t work for them.
  • Kate Hindman, a 31-year-old administrative assistant in Pasadena, Calif., who has taken an anti-Ramsey stance on TikTok, ended up with $30,000 in credit-card debt after she and her husband faced income-reducing job changes. They’ve since turned it into a consolidation loan with an 8% interest rate and pay about $1,200 a month.
  • She wonders if the debt aversion is generational. Perhaps younger people are less willing to make huge sacrifices to be debt-free. Maybe carrying some amount of debt forever is a new normal.
Javier E

(3) Chartbook 285: Cal-Tex - How Bidenomics is shaping America's multi-speed energy transition. (Carbon notes 14) - 0 views

  • If the Texas solar boom, the biggest in the USA, has little to do with Bidenomics, are we exaggerating the impact of Bidenomics? Rather than the shiny new tax incentives is it more general factors such as the plunging cost of PVs driving the renewable surge in the USA. Or, if policy is indeed the key, are state-level measures in Texas making the difference? Or, is this unfair to the IRA? Are its main effects still to come? Will it pile-on a boom that is already underway?
  • What did I learn?
  • First, when we compare the US renewable energy trajectory with the global picture, there is little reason to believe that Bidenomics has, so far, produced an exceptional US trajectory.
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  • Everywhere, new investment in green energy generation is being propelled by general concern for the climate, shifting corporate and household demand, the plunging prices for solar and batteries triggered by Chinese policy, and a combination of national and regional interventions
  • How different would we expect this data to look without the IRA?
  • The most useful overview of these modeling efforts that I have been able to find is by Bistline et al “Power sector impacts of the Inflation Reduction Act of 2022” in Environmental Research Letters November 2023. If anyone has a better source, please let me know.
  • The top panel shows the historical trajectory of US generating capacity from 1980 to 2021. The second half of the graphic shows how 11 different models predict that the US electricity system might be expected to develop up to 2035, with and without IRA.
  • all the models expect the trends of the 2010s to continue through to the 2030s which means that solar, wind and battery storage dominate America’s energy future. Even without the IRA, the low carbon share of electricity generation will likely rise to 50-55% by 2035. Bidenomics bumps that to 70-80 percent.
  • The question is: “How does the renewable surge of 2022-2024, compare to the model-based expectations, with and without the IRA?”
  • The answer is either, “so so”, or, more charitably, it is “too early to tell”. In broad terms the current rate of expansion is slightly above the rate the models predict without the provision of additional Bidenomics incentives. But what is also clear is that the current rate of expansion, is far short of the long-run pace that should be expected from the IRA
  • At this point, defenders of the IRA interject that the IRA has only just come into effect. Cash from the IRA is only beginning to flow. And in an environment of higher costs for renewable energy equipment and higher interest rates, cash matters.
  • So, to judge the impact of the IRA to date, the real question is not what has been built in 2022 and 2023, but what is in the pipeline.
  • As Yakov Feygin put it: “Maybe the pithiest way to put it is that there are pre-IRA trends and outside IRA trends, but IRA has served to rapidly compress the timeframes for installation in a lot of technologies. So five years has turned into two, for example.”
  • Advised by JP Morgan, sophisticated global players like Ørsted are optimizing their use of both the production and investment tax credits offered by the IRA to launch large new renewable schemes. Of course, correlation is not the same as causation
  • Where the IRA is perhaps doing its most important work may be in incentivizing the middle bracket of projects where green momentum is less certain.
  • According to Utility Drive: “The 10 largest U.S. developers plan to build 110,364 MW of new wind and solar projects over the next five years, according to S&P Global Market Intelligence, but the majority of these projects remain in early stages of development. Just 15% of planned wind and solar projects are under construction, and 13% are considered to be in advanced stages of development, … ”
  • So there is a lot to get excited about, at, what we are learning to call, the “meso”-level of the economy (more on this in a future post).
  • Along with Texas, the pipelines for the PJM, MISO and Southeast regions (which includes Florida) look particularly healthy.
  • The relatively modest California numbers should not be a surprise. As Yakov Feygin and others pointed out, what is needed in California is not more raw generating capacity, but more battery storage. And that is what we are seeing in the data.
  • The numbers would be even larger if it were not for the truly surreal logjam in California’s system for authorizing interconnections. According to Hamilton/Brookings data the volume of hybrid solar and batter capacity in the queue for approval is 6.5 times the capacity currently operating in the state. In other words there is an entire energy transition waiting to happen when the overloaded managerial processes of the system catch up
  • Texas’s less bureaucratic system seems to be one of its key advantages in the extremely rapid roll-out of solar.
  • though it may be true that globally speaking the United States as a whole is a laggard in renewable energy development,
  • If California (with an economy roughly comparable to that of Germany at current exchange rates) and Texas (with an economy roughly the size of Italy’s) were countries, they would be #3 and #5 in the world in solar capacity per capita.
  • the obvious question is, which are the laggards in the US energy system.
  • The states that I have highlighted in red stand out either for their unusually low existing level of renewable power capacity or their lack of current momentum.
  • What the state-level data reveal is that there are a significant number of large states in the USA where solar and wind energy have barely made any impact. Pennsylvania, for instance
  • The relative levels of sunshine between US states is irrelevant. As the global solar atlas shows, the entire United States has far better solar potential than North West Europe. If you can grow corn and tobbaco, you can do utility-scale solar. The fact that Arizona is not a solar giant is mind boggling.
  • Texas is both big and truly remarkable. California already is a world leader in renewable energy. Meanwhile, the majority of the US electricity system presents a very different picture. There is a huge distance to be traveled and the pace of solar build-out is unremarkable.
  • This is where national level incentives like the IRA must prove themselves
  • And these local battles in America matter. Given the extremely high per capita energy consumption in the USA, greening state-level energy systems is significant at the global level. It does not compare to the super-sized levels of emissions in China, but it matters.
  • Indonesia’s total installed electricity generating capacity is rated at 81 GW. As far as immediate impact on the global carbon balance is concerned, cleaning up the power systems of Pennsylvania and Illinois would make an even bigger impact.
  • A key test of Biden-era climate and industrial policy will be whether it can untie the local political economy of fossil fuels, which, across many regions of the United States still stands in the way of a green energy transition that now has all the force of economics and technological advantage on its side.
Javier E

A happiness expert's frank advice for Joe Biden - The Atlantic - 0 views

  • the ancient Hindu teaching on the stages of life, or ashramas, and the advice I received from a guru in southern India named Nochur Venkataraman. He taught me that many successful people get stuck in a stage called Grihastha—which is where you enjoy professional success and adulation—rather than progressing to Vanaprastha, which is where one should become more of a teacher (“crystallized intelligence”).
  • But there’s one more stage nearer the end called Sannyasa, which is to be fully enlightened and not working in the worldly domain. That transition is also sticky for many people—politicians, CEOs, sports figures, perhaps even the president—who struggle to stop doing what made them famous and admired. But that is the essence of truly retiring, and retiring well.
  • Matt: The United States seems to have the persistent problem of a geriatric ruling class. What’s your analysis of why that appears in our political elite?
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  • Arthur: Part of it is because we have a rigid system of power, and so we’re ridiculously institutionalized in the way that people can rise and prosper
  • Americans speak a good line about meritocracy, but we don’t have a meritocracy. When it comes to our politics, we have a gerontocracy that is based on seniority, loyalty, and tenure. We have leaders with tons of wisdom, but they don’t have the vigor and the focus and the energy to be putting in the grinding work of national and international governance.
  • Matt: Happiness is your principal subject, and your work usually frames it in terms of advice to the individual: How can you be happy? How can I be happy? But in this political moment, there’s also a dimension of this that’s about collective happiness, the public good—a general happiness that is at stake in Biden’s decision. How do you balance that?
  • Arthur: You know the famous Zen Buddhist koan: What is the sound of one hand clapping? One interpretation of that koan is that the sound of one hand clapping is an illusion. And one version of that illusion is that your personal happiness is somehow meaningful. In fact, the clapping becomes a reality only when there’s a second hand.
  • In other words, your happiness is real only when somebody else is happy as well. So if you’re a public figure, then the good of the public is required to get the second hand clapping. Otherwise you’ll be living in illusion.
  • a philosopher at the University of Cambridge named Stephen Cave who wrote a really important book called Immortality. In it, he talks about how one of the ways to become immortal is to build a legacy, and the way to think about that is the internal struggle of Achilles. Obviously, the Greek hero is a mythological character, but his story presents an emblematic dilemma: The best way to achieve immortality is to secure your legacy through a heroic end; the worst way to get immortality—and the most efficacious way to destroy your legacy—is to just hang around. Do you see the irony? People who hang around because of their legacy are diminishing their legacy.
  • Arthur: So there’s personal advice and there’s political advice. The personal advice is that for all successful people, there comes a time to decide between being special and being happy. Being special—staying on top—is hard, tiring work. But it is an addiction, which is why people keep at it way beyond what seems reasonable, at great harm to themselves and others. Get sober; choose happiness.
  • The political advice is based on a lesson from history, that the mark of great leadership is what happens after leaders leave the scene. Did they teach the next generation and set up those who came after for success? And then did they step aside with grace and humility? Be able to answer yes to both of those questions.
Javier E

(2) The Problems of Plenty - by Lawrence Freedman - 0 views

  • with all these diverse issues, whether it's International monetary relations, alliance relations, concerns about the German question, nuclear strategy, and troop withdrawals, you'll have an expert in charge of each. But it's only at the top that these issues are all tied together.
  • President Kennedy, day after day after day, in 61 and 62 through 63, might have eight meetings. One might involve tax cuts, another the crisis with US steel, and the Test Ban Treaty, Berlin, and the balance of payments. Then different people would be in different meetings. So Carl Kaysen would deal with his portfolio and he would come in for one or maybe two of those meetings. Only at the top was some consideration given to all these issues. So in a president or prime minister's mind, the German question would be related to the balance of payments, which would be related to tax cuts, which would be related to Berlin, in a way that a mid-level person might not see.
  • It's sort of the reverse of the bureaucratic politics model. I started seeing that these issues got tied together in a way that many mid-level people would not see, but was understood at the top where grand strategy was made.  
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  • LF: You made an interesting point about political scientists. They do have a problem in that once you start expanding from your narrow area to take in other areas there are just too many variables. There are too many things to track
  • Do you think this gives historians an advantage over political scientists because while they may not be scientifically robust they can explain things better?
  • And, to my mind, doing great violence both to this history, which is far more complex, and to the current set of circumstances which may or may not be relevant to whatever that past tells us
  • But. and I'm being just a tiny bit flip here, 90 percent of IR theory comes down to three historical questions: What caused the First World War? Was Hitler unique? And how did nuclear weapons affect international politics? Those are all historical questions.
  • I had the great fortune of being trained by Mark Trachtenberg. You can use some of the advantages that IR theory and political science provide, which is a certain level of precision.
  • But, taking a historical perspective, you see not just these horizontal connections but also complexity, contingency, chance, circumstances. You become very suspicious of importing historical lessons from the past in total to the present, which you see these days with what people believe to be lessons from the Cold War, the 1930s or Wilhelmine Germany.
  • I kind of grew up with IR theory. It's an enormously powerful lens to help make sense of the world. It exposes underlying assumptions about research, design, causality and agency.
  • That problem looked similar to others that we will see coming down the road, be it new emerging technology, the climate crisis, anything involving the ‘Global Commons.’ I was struck that this was a wake-up call
  • Yet global public health was the low hanging fruit of international political cooperation. We knew this was coming. We knew what to do and we failed miserably.
  • Russia's behaviour demonstrates that there are other factors involved that drive states to conflict that have not gone away. It's just that a very particular form of war, of unlimited imperial expansion, makes no sense now for states to pursue
  • Yet, once it eased, our governments and our friends who study these questions went back to normal.
  • I was disturbed by the fact that the ease with which people began to look at the world through an old lens. With Russia's horrendous invasion of Ukraine there was almost a sense of, well, we know what this is. It looks like World War Two. We have the models to deal with this. This gives us a focus because we have no idea how to deal with these other sets of global problems. The return of great power politics seemed to excuse serious study of these other challenges, which to me were sort of catastrophic.
  • as a historian I was struck that we use established models to understand international politics without accounting for the profound changes we've gone through, including the doubling of life expectancy. 
  • That got me into studying and thinking about these issues and inspired me to dive into looking into how a world of scarcity had changed to one of plenty, and how that might change perspectives on how international relations works.
  • The difference between the world we live in today and the past is that scarcity was an actual physical limit. In the 19th century there was nothing you could do necessarily to produce more food, more fuel, more clean water, more housing. Whereas today we have it completely within our means to solve these scarcity issues.
  • When those scarcity issues exist it's often the consequence either of some political issue or of us not doing more to alleviate these issues of scarcity. So scarcity today is the result of political circumstances, not a hard physical limit as it was in the past.
  • In the past, human beings could not get access to the basic resources they need in a consistent way that was predictable. That problem theoretically is now gone. It is not applied universally
  • If you look at life expectancy curves, the increases pretty much everywhere are extraordinary. In China, which was unimaginably poor, life expectancy has actually surpassed the United States.
  • The COVID-19 global crisis killed upwards of 20 million people, which is the equivalent of a World War, and was a failure of international cooperation and national domestic responses. Liberal democratic states did poorly; authoritarian states did poorly.
  • These circumstances were changing underneath in ways that were not recognised. Taming scarcity involved unbelievable increases in agricultural and economic productivity. At the same time there was an unexpected demographic compression where people just stopped having as many kids as expected. This was combined with a variety of other forces including improved governance and massive increases in information about the world. This meant that the historical forces that drove imperial plunder make literally no sense today
  • European and global politics from the late 19th century to, say, the middle of the 20th century reflected very particular historical circumstances. These drove Imperial conquest. During that period, there was a need for territory to feed populations that were seen as growing geometrically. Those wars of imperial conquest generated many of the disasters both on the European continent and globally
  • Its hard to imagine now that a geopolitical empire could pull that off. China is actually facing a declining population. People live in cities. They don't need more land.
  • FG: Even though the problems of plenty were created by developed Western states they hit hard most on states trying to make the transition. So climate change, public health, and inequality affects these states more
  • The states that have this wealth need people who are drawn in through migration or the efforts to migrate. This is the most divisive political issue globally right now in developed states. The rise of populism in the US and Europe is bound up with the politics of migration, which is a problem of plenty because that generates the magnet that attracts people
  • In the end, are individual states going to have to work out how to handle these issues in their own ways, or do we need new forms of multilateralism?
  • FG: I would say it's both. It's a manifesto and I’ve tried to think of some specific policy consequences.
  • I did a piece for Foreign Policy in which the model I used was of an alien who comes down to Earth every 50 years to assess the situation
  • Secondly, the problems of plenty, the climate and pandemics, represent the only truly existential threat
  • The alien would say, why is everyone so sad? I don't have a full explanation but we have deeply bitter, angry politics and some of this has been caused by plenty.
  • what I say in the essay is that China does terrible things - repression, the Uyghurs, the crackdown on Hong Kong, coercive threats in the South China Sea and Taiwan, its economic policies. It is not a good actor. But what I say is:
  • in 2024 I'm looking at the numbers, and you live longer. You have this great technology. All the information in the world can be accessed by anyone in this tiny little device for free. On the one hand, under the lingering shadow of our Marxist training, we've done really well. We have great wealth, but we could distribute it better. We've got great technology, but people are miserable. People feel this deep sense of enmity and of anger. That needs to be studied and understood.
  • if Taiwan were suddenly to be taken over by China, it would not be an existential threat to the United States. It's a very challenging problem, but they need to ask, is this an irredentist problem, that is similar to what happens whenever you have divided two states, whether its the Korean Peninsula, the Middle East, or Kashmi
  • First, there's one specific threat that can cause World War Three, which is this very difficult challenge of Taiwan. This leads to the question whether China wants Taiwan as an irredentist objective, or is it the beginning of some 1930s like bid for geopolitical hegemony?
  • We know another pandemic will come and imagine one with more lethality. And don't we have an obligation - both China and the United States - to find some way to work together on these issues even while the other competition persists.
  • During the Cold War the Soviet Union and the United States were engaged in a far deeper, more bitter ideological and geopolitical political battle that almost ended with a thermonuclear exchange. Yet they worked together to solve two of the greatest problems that plagued humanity. First, the Nuclear Non-proliferation Treaty, where they came together in 1968 with the UK to limit the spread of nuclear weapons, as a shared responsibility.
  • At the same time, they worked together at lower levels to eliminate smallpox, a disease that had killed twice as many people as all the wars combined in the 20s century
  • if these two powers, whose geopolitical and ideological competition was an order of magnitude worse than anything that exists between the United States and China today, could figure out a way to work together why not these two powers now?
  • If somehow the United States figures out a cure for cancer and at the same time China figures out a cure to the climate crisis would we really not want them to share this with each other and Europe and everyone else?
  • There's only one existential crisis, which is the climate crisis
  • And as terrible and tragic as the war in Ukraine is and as threatening and terrifying as Cross Strait relations are between the United States and China, so that they demand attention, neither is existential unless we let them become so.
Javier E

America's New Political War Pits Young Men Against Young Women - WSJ - 0 views

  • The forces of American culture and politics are pushing men and women under age 30 into opposing camps, creating a new fault line in the electorate and adding an unexpected wild card into the 2024 presidential election. 
  • Voters under 30 have been a pillar of the Democratic coalition since Ronald Reagan left office in 1989. That pillar is showing cracks, with young men defecting from the party. Young men now favor Republican control of Congress and Trump for president after backing President Biden and Democratic lawmakers in 2020.
  • Women under 30 remain strongly behind Democrats for Congress and the White House. They are also far more likely to call themselves liberal than two decades ago.
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  • Young men backed Trump over Biden by 14 points in the merged Journal polls this year, a substantial swing from 2020. In that election, they supported Biden by 15 points, according to AP VoteCast, a voter survey. Young women in the Journal surveys backed Biden by 30 points and Democratic control of Congress by 34 points, essentially unchanged from 2020.
  • Women now make up a record 60% of college students and carry 66% of all student-loan debt, research shows.
  • The testosterone-fueled lineup, coming on the heels of Trump’s fist-pumping response to bullets flying past him, “positions Trump as an anti-hero that millions of young men—specifically, young, first-time voters—connect with and even aspire to,’’ said John Della Volpe, director of the Harvard Youth Poll. “It’s something they see everywhere they consume information, whether it’s in the gamer community, TikTok, Instagram.’’
  • “The American flag is in the background, and there’s blood on his face,” Mertz said, “I mean, it just looks pretty badass.”
  • The gender gap extends to opposing views of abortion, student-loan forgiveness and other issues affecting the lives of young adults.
  • Polling last week by the Journal found Harris leading Trump among young voters by about 10 percentage points, less support than Biden drew from the group in 2020. The sample size was too small to measure how voter preferences differ by gender among those under 30.
  • Some men say they have lost economic, cultural and political influence to women amid the focus on equity and diversity. Others expressed resentment over feminist and progressive attitudes on college campuses, in the entertainment industry and at many workplaces. 
  • In certain U.S. cities, young women are outpacing young men in median annual income and are more likely than young men to live apart from their parents. A larger share of women under 30 are reaching financial independence compared with young women in 1980, according to the Pew Research Center, while fewer young men are reaching that milestone compared with four decades ago.
  • The Democratic push for diversity is making them more likely to vote for Republicans, some men said. An April survey by the Pew Research Center found that 23% of men—and 33% of men who backed Trump—believed the advancement of women has come at their expense. 
  • Many young men feel abandoned by Democrats, saying Republican politicians are the ones making direct appeals to them, according to interviews with dozens of men under 30.
  • Biden successfully pressed for trillions of dollars in federal spending on infrastructure construction, semiconductor manufacturing and other sectors that traditionally employ men. Yet young men maintain an overwhelmingly negative view of him,
  • The shift toward Trump includes Black and Latino men. Young Black men had backed Biden over Trump by about 70 percentage points in 2020, and Latino men backed Biden by more than 40 points, according to AP VoteCast. 
  • Journal polls found support for Biden shrank this year before the president withdrew from the race, leaving him with a narrow lead, as small as in the single digits, among nonwhite men.
  • Some men interviewed said they were fearful of criticism by women and expressed their resentments only in private and with other men. Several said they hide their conservative views because women they know have said they won’t date right-leaning men.
  • Other men say they are drawn to the so-called manosphere, a loose collection of male influencers who espouse macho, “anti-woke” views. The hyper-masculinity of the right, many of them said, is at the core of its appeal, not policies or party politics.“Young men just want freedom, recklessness, adrenaline,” said Lester, who kickboxes in his spare time. 
  • Many young people said their political views hardened years before they could vote.“Even back in 2016, when I was a 12-year-old trying to make sense of my place in the world and one of the candidates for president was making crude remarks toward women about their body parts—even at that age I felt it wasn’t right,” Isabelle Ems, a 19-year-old rising junior at Pennsylvania State University, said of Trump.
  • Harrison Wells, 22, said Trump’s 2016 campaign initiated his shift to the political right. He recalled being confused by the apoplectic reaction from teachers and students to Trump’s victory. His high school canceled classes and held listening sessions with students.“People were crying, upset,” he said. “Everyone was hysterical.”The experience crystallized growing skepticism of his private Catholic high school outside Menlo Park, Calif., which organized lectures about the importance of access to abortion and contraceptives and celebrated transgender visibility. 
  • “I felt as though there was a narrative and certain school of thought that was being pushed on us aggressively,” said Wells. “That was what made me think and start learning more about politics.”
  • He led a chapter of a conservative group, Young Americans for Freedom, at the University of Wisconsin and voted for Trump in 2020. He sides with the former president on the economy, taxes and immigration.
  • Journal polling found that young men are open to Trump policy proposals that young women reject. That includes Trump’s idea to deploy troops to the U.S.-Mexico border and to deport millions of undocumented immigrants.
Javier E

Nassim Nicholas Taleb on Self-Education and Doing the Math (Ep. 41 - Live at Mercatus) | Conversations with Tyler - 0 views

  • we’re not in here to eat mozzarella and go to Tuscany. We’re not in here to accumulate money. We’re in here mostly to sacrifice, to do something. The way you do it is by taking risks.
  • Some people take risks and some people labor in the fields. You have the option of doing either one or the other. But my point is you should never have someone rise in society if he or she is not taking risks for the sake of others, period. That’s one rule.
  • The second one, you should never be a public intellectual if any statement you make doesn’t entail risk-taking. In other words, you should never have rewards without any risk
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  • we don’t know what the eff we’re talking about when we talk about religion. People start comparing religion, and the thing is ill-defined. Some religions are religions. Some religions are just bodies of laws
  • Judaism and Islam are not religions like Christianity is a religion, the exact opposite. Let me explain.
  • Islam and Judaism are laws. It’s law — there’s no distinction between holy and profane — whereas Christianity is not law. Why isn’t it law? A simple reason — you remember the Christ said what is for Caesar and is not for Caesar? It’s because the Romans had the laws. You’re not going to bring the law because they already have the law, and very sophisticated law at that, the Romans.
  • With Christianity was born the separation of church and state. It’s secular, so it’s effectively a secular religion that says that when you go home, you do whatever you want.
  • when people are talking about Salafi Islam — it’s not a religion in the sense that Mormon Christianity is a religion. It is a body of laws. It’s a legal system. It’s a political system. It’s a legal system.
  • So people are very confused when they talk about religion. They’re comparing things that are not the same
  • Sometimes religion becomes an identity, sometimes law, sometimes very universal.
  • The same weakness that I see sometimes describe ethnicity. Being Greek Orthodox is more ethnicity than something else, or being Serbian versus Croatian
  • Comparing religions naively is silly, it’s heuristic and leads to things like saying, “Well, he has a right to exercise his faith.”
  • Some faiths should not have the right to be exercised, like Salafis or extreme jihadism because they’re not religions. They’re a legal system. They’re like a political party that wants to ban all other political parties
  • countries that have too much stability become weaker, particularly if it’s propped up, sort of like companies. You see companies that go bust, you get companies that have zero volatility, compressed volatility.
  • Many of them really should have a little volatility, but some of them would be sitting on dynamite.
  • COWEN: What can we learn from Sufism?
  • The problem, that it was destroyed by Saudi Arabian funding. What can we learn from them is how your religion can be destroyed without anybody noticing. The number of Sufis —take Tripoli in Lebanon, it was Sufi. Why did it become non-Sufi? Because of funding from Saudi Arabia — you indoctrinate two generations, and that’s it.
  • as people get rich, they get controlled by the preferences, they’re controlled by the outside. It was $200 a person. I said, “OK, I’d rather pay $200 for a pizza and would pay $6.95 for the same meal except that by social pressure.” This is how we use controlling preferences. It’s the skin in the game. You discover that your preferences are . . . People are happier in small quarters. You have neighbors around you and narrow streets.
  • I’d rather eat with someone else a sandwich, provided it’s good bread — not this old bread — than eat at a fancy restaurant. It’s the same thing I discovered little by little. Even from a hedonic standpoint, sophistication is actually a burden.
  • Aside from that, there is something also that, from the beginning, you realize that hedonism — that pursuit of pleasure for pleasure’s sake — there’s something about it that gives me anxiety. On the other hand, doing something productive — not productive in the sense of virtual signaling, but something that fits a sense of honor — you feel good.
Javier E

Book Review: 'Black Pill,' by Elle Reeve - The New York Times - 0 views

  • Reeve chronicles the alt-right’s rise in “Black Pill,” a chilling and insightful account of the throughline from dopey internet memes to Donald Trump’s 2016 victory, the seductions of QAnon and the storming of the Capitol. In Reeve’s telling, Charlottesville was the fulcrum between a before, when hateful ideologies were coalescing, largely out of view, and the after — which we now inhabit
  • the internet culture she depicts starts at least a decade earlier, when a teenager modified the source code of a Japanese website to launch an English-language version, 4chan. The site let users post images anonymously, and it did not take long for pornography and vile memes to find a home there.
  • Eventually, the site’s developer became troubled and began blocking the worst of it, especially during what came to be known as Gamergate, a mass harassment campaign against women in the video game industry.
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  • After Gamergate, many users migrated to 8chan, where anyone could post anything. Richard Spencer, the white supremacist who was the headline speaker at Unite the Right, was among many who found their people — frequently alienated, angry and lonely young men — online.
  • Steve Bannon, the former executive chairman of the website Breitbart and Trump’s former chief strategist, understood that you could “activate that army,” which is just what they did. These were people who, in the parlance of the community, had swallowed the “Matrix"-inspired “red pill” and seen “the truth.”
  • Maybe they believed that the system was rigged by Jews, or that racial equality would undermine the white race, or that Hillary Clinton led a cabal of pedophiles. But as the book painstakingly shows, these ideas then prompted such real-world actions as shooting up a pizza restaurant, or hacking into voting systems and stealing their software.
  • As Reeve describes it, an even more potent danger came from the black pill of nihilism. Taking that pill “allows you to justify any action: cruelty, intimidation, violence,” she writes. “If your actions cause more violence and chaos, that’s good, because it will help bring about an end to the corrupt regime.
  • It can, she argues, lead to Charlottesville, to massacres in Charleston and Pittsburgh and El Paso and Orlando. It can lead to a veneration for Putin. Or an exaltation of Trump.
  • That mass delusion, as insane as it may seem — that a deep state exists within the government, supported by celebrities and business leaders, operating a Satan-worshiping human-trafficking network — continues to infect minds both on the internet and in real life
Javier E

China Rules Solar Energy, but Its Industry at Home Is in Trouble - The New York Times - 0 views

  • Over the past 15 years, China has come to dominate the global market for solar energy. Nearly every solar panel on the planet is made by a Chinese company. Even the equipment to manufacture solar panels is made almost entirely in China. The country’s solar panel exports, measured by how much power they can produce, jumped another 10 percent in May over last year.
  • But China’s solar panel domestic industry is in upheaval.
  • Wholesale prices plummeted by almost half last year and have fallen another 25 percent this year. Chinese manufacturers are competing for customers by cutting prices far below their costs, and still keep building more factories.
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  • Stock prices of its five biggest makers of panels and other equipment have halved in the past 12 months. Since late June, at least seven large Chinese manufacturers have warned that they will announce heavy losses for the first half of this year.
  • The turmoil in the solar energy sector amid enormous factory capacity and booming exports highlights how China’s industrial policymaking works. The government decided 15 years ago to put extensive support behind solar power, and then let the companies claw it out. Beijing has shown a high tolerance for letting firms stumble and even fail in large numbers.
  • Something similar is happening in the automotive sector. Annual car sales in China are around 25 million a year, more than any other country but barely half the country’s ability to make vehicles. So automakers in China are now following the solar industry’s lead in cutting prices sharply and ramping up exports.
  • China’s approach can lead to big financial losses for local governments, state investment funds and state-supported banks, all of which bankroll companies in favored industries.
  • Sunzone’s rivals, including Tongwei and Longi Green Energy Technology, gained formidable economies from large-scale production. They have plowed part of their extra revenue into developing solar panels that are increasingly efficient at converting sunlight into electricity.
  • The rise and fall of Hunan Sunzone Optoelectronics in Changsha, the capital of Hunan Province in south-central China, is a case study of how China’s policies work.
  • “It’s a very expensive development model, but it produces national champions quite reliably,” said David R. Hoffman, a senior adviser on China for the Conference Board, a global business group.
  • Despite the financial help, Sunzone’s factory now sits empty. A large “Sunzone” sign on the second floor rusts in the swampy heat of Changsha. The only person still working at the site on a recent afternoon, a security guard, said that manufacturing equipment was removed in January and the factory was set to be demolished and turned into office buildings.
  • Sunzone epitomizes how lavish lending from state-owned banks and generous local subsidies have produced manufacturing overcapacity. Solar companies cut costs and prices sharply to maintain market share. That led to a few low-cost survivors while many other competitors were driven out of business in China and around the world.
  • China’s banks, acting at Beijing’s direction, have lent so much money to the sector for factory construction that the country’s solar factory capacity is roughly double the entire world’s demand.
  • Started in 2008, the solar panel manufacturer benefited early on from practically every possible subsidy. It got 22 acres of prime downtown land in the heart of the city almost for free. One of China’s biggest state-owned banks arranged a loan at a low interest rate. The Hunan provincial government then agreed to pay most of the interest.
  • Many other factories, like Sunzone’s, quickly become obsolete.
  • “Enterprises continue to put advanced production capacity into operation to maintain competitiveness” said Zhang Jianhua, director of China’s National Energy Administration, at a news conference last month. “At the same time, the outdated production capacity is still extensive and needs to be gradually phased out.”
  • Compounding the problems facing China’s solar energy companies is the rapid disappearance of local subsidies. Local governments are running out of money as a housing crisis makes it hard for them to sell long-term leases on state land to real estate developers — previously their biggest source of cash.
  • Partly because of worries about Chinese subsidies, President Biden last month allowed steep tariffs that had expired to go back into force on solar products imported from Southeast Asia that use lots of Chinese components. And the Department of Commerce has begun trade cases against imported solar panels that could lead to further tariffs.
Javier E

Europe Has a New Economic Engine: American Tourists - WSJ - 0 views

  • the Mediterranean rush is turning Europe’s recent economic history on its head. In the 2010s, Germany and other manufacturing-heavy economies helped drag the continent out of its debt crisis thanks to strong exports of cars and capital goods, especially to China.
  • Today, Italy, Spain, Greece and Portugal contribute between a quarter and half of the bloc’s annual growth. 
  • While Germany’s economy is flatlining, Spain is Europe’s fastest-growing big economy. Nearly three-quarters of the country’s recent growth and one in four new jobs are linked to tourism
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  • In Greece, an unlikely economic star since the pandemic, as many as 44% of all jobs are connected to tourism. 
  • Can Europe’s emerging “museum economy” support sustained wealth creation and the expansive welfare systems Europeans have become accustomed to since the end of World War II? And what happens if the dollar falls and the tourists leave?
  • Rent and other living expenses are rising in hot spots, making it harder for many locals to make ends meet. A heightened focus on tourism, which turns a quick profit but remains a low-productivity activity, tethers these economies to a highly cyclical industry
  • It also risks keeping workers and capital from more profitable areas, like tech and high-end manufacturing. 
  • some economists, residents and politicians are concerned about the boom’s long-term implications.
  • The strong dollar—and a powerful post-Covid recovery—has empowered millions of Americans who would have vacationed in the U.S. before the pandemic. They are now finding they can afford a lavish European holiday.
  • “It is literally, for Americans right now, the place to go,”
  • One reason is the brutal sovereign debt crisis that hit the continent’s south especially hard just over a decade ago. Unable to stimulate demand with public spending or to energize exports by devaluing their currency—the euro, which is shared by 20 states—those countries could only boost their competitiveness by lowering wages.
  • “Your dollar goes a lot further,” Cross said over coffee in the lobby of her five-star hotel. “You don’t feel you’re scrounging as much.”
  • Tourism now generates one-fifth of economic output in Lisbon and supports one in four jobs. That boom has reverberated far beyond the capital.
  • Portugal’s gross domestic product grew nearly 8% between 2019 and 2024, compared with less than 1% for Germany,
  • The government recorded a rare 1.2% of GDP budget surplus last year, and its debt-to-GDP ratio is expected to fall to 95% this year, the lowest since 2009
  • Portugal’s population is growing again after years of decline, thanks in part to an influx of migrant workers and to various tax incentives and investor visas that have attracted high-income workers. 
  • In Portugal, a country of 10 million that juts out into the North Atlantic from Spain, Americans recently surpassed Spaniards as the biggest group of foreign tourists. 
  • The trend is part of a global readjustment following the Covid-19 lockdowns. Spending on travel and hospitality worldwide grew roughly seven times faster than the global economy over the past two years, according to Oxford Economics. That pattern is expected to continue for the next decade, though to a lesser degree.
  • Europe, especially southern Europe, has benefited more than many other regions. Though it is home to just 5% of the world’s population, the European Union received around one-third of all international tourist dollars—more than half a trillion dollars—last year. This is up roughly threefold over two decades, and compares with about $150 billion for the U.S., where tourism has been slower to rebound.
  • Moedas, Lisbon’s mayor, says there’s room for further growth. For a city that doubles in size to around one million every day, including commuters, only around 35,000 are tourists, he said. “We are very far from a situation of so-called overtourism.”
  • This and a real estate collapse that left hundreds of thousands of workers suddenly available made the region’s tourist industry ultracompetitive, much cheaper than Caribbean beach destinations and on a par with Latin American destinations like Mexico. 
  • Once an owner of TAP, Neeleman increased the number of direct flights to the U.S. eightfold between 2015 and 2020, adding major hubs such as JFK and Boston Logan, betting that would open up an untapped market. As bookings soared, other U.S. airlines followed. 
  • Signs of discontent are bubbling up across the region. Tens of thousands of local residents marched in Spain’s Balearic and Canary islands in recent months to protest mass tourism and overcrowding. On Mallorca, activists have put up fake signs at some popular beaches warning in English of the risk of falling rocks or dangerous jellyfish to deter tourists, according to social-media posts.
  • For Gonçalo Hall, a 36-year-old tech worker, the influx of foreign cash that has transformed Lisbon has been overwhelmingly beneficial for the city. When he lived in the capital 15 years ago, he wouldn’t walk in the historic downtown after 8 p.m. It was “full of homeless people, not safe. Lots of empty and abandoned buildings,” he said. 
  • “The quality of life in Lisbon doesn’t match the prices. Even expats are leaving,” said Hall, who moved to the Atlantic island of Madeira during the pandemic and continues to work remotely.  
  • The average Portuguese employee earns around €1,000 a month after tax, or around $1,100 a month, and only 2% earn more than €2,000. A one-bedroom apartment in Lisbon can easily cost more than €500,000 to buy, or over €1,200 a month to rent. Rents in nearby cities are also climbing as people leave the capital, squeezed out as lucrative short-term rentals transform the housing market. 
  • Jessica Ribeiro, a 35-year-old sociologist, pays around €490 a month for an apartment that she shares with her ex-husband in a town close to Lisbon. Neither can afford to leave. Both make a little more than the minimum wage of €820 a month, and soaring rents mean it is impossible to find an apartment in the neighborhood for less than €700, Ribeiro said. 
  • “The harm that tourism has brought is infinitely bigger than the benefits,” Ribeiro said. “It sends people away from their place of work, making their lives much harder.” 
  • A frequent complaint from residents and housing advocates is that some of the boom’s biggest winners are American companies, from Airbnb to Uber, which often pay little tax in the places where they do most of their business.
  • Lisbon is cracking down on Airbnbs and increasing taxes on tourists, doubling the nightly city tax from €2 to €4, which should raise €80 million a year. Airbnb has paid Lisbon and Porto, Portugal’s two biggest cities, more than €63 million after entering into voluntary tax collection agreements with local officials. Moedas said he is considering “a bit more regulation” of the city’s many Ubers, whose drivers he said don’t always respect traffic rules. 
  • Around nine in 10 Airbnb hosts in Portugal rent their family home and almost half say the extra income helps them afford to stay in their homes, according to a spokesperson for the company. “Guests using our platform account for just 10% of total nights booked in Portugal, and we follow the rules and only allow listings that are registered with local authorities,”
  • Higher rents are forcing many businesses and cultural and social spaces catering to locals to close, according to Silva. “This is not an economy that is serving the needs of the majority of people,” she said.
  • “It was actually comical, because I went from knowing no one who had been to Portugal to everyone telling me they were going to Portugal,”
  • Serving foreigners is difficult to scale up and is more exposed to economic headwinds. Like the discovery of oil, southern Europe’s new focus on tourism can crowd out higher-value activities by hogging capital and workers, a phenomenon some economists have dubbed the “beach disease.”
  • “Portugal isn’t an industrialized country. It’s just the playground of the EU,” said Priscila Valadão, a 43-year-old administrative assistant in Lisbon. She makes €905 a month and rents a room from a friend for €250 a month. “The type of jobs being offered…are restricted to a type of activity that really doesn’t enrich the country,”
  • For Europe’s policymakers, having people open hotels or restaurants is easier than incentivizing them to build up advanced manufacturing, which is capital intensive and takes a long time to pay off, said Marcos Carias, an economist with French insurer Coface. 
  • “Tourism is the easy way out,” Carias said. “What is the incentive to look for ingenuity and go through the pain of creating new economic value if tourism works as a short-term solution?”
  • Proponents say tourism attracts capital to poor regions, and can serve as a base to build a more diversified economy. Lisbon’s Moedas said he is trying to leverage the influx of foreign visitors to build up sectors such as culture and technology, including by developing conferences and cultural events. 
  • “Some extreme left parties basically say we need to reduce tourism,” Moedas said, but that is the wrong approach. “What we have to do is to increase other sectors like innovation, technology…. We should still invest in tourism, but we should go up the ladder.”
  • In Athens, Mayor Haris Doukas says he is working on extending the tourist season, increasing the average length of stay and promoting specific types of tourism, such as organizing conferences and business meetings, to attract visitors with higher purchasing power. He’s also called for new taxes to help the city accommodate the millions of additional tourists thronging to the ancient capital.
  • More than one-third of highly qualified Portuguese students leave the country after graduating,
  • Even higher-paid technology workers have started decamping to cheaper places. 
  • Tiago Araújo, chief executive of tourism tech startup HiJiffy, has held on to his employees but says many of them have been moving out of Lisbon. The trend, which started during Covid, is now being primarily driven by the housing crisis.
  • While Dias, the hotel owner, is diversifying into nightlife, he refuses to envisage a future where the sector would have to rely heavily on visitors from elsewhere.
  • If Americans stop coming to Lisbon, he said, “I don’t think we can charge this kind of [price] because we will have to go to Europeans, and the Europeans, they don’t have money.”
Javier E

It feels like the social order is crumbling in Germany | The Spectator - 0 views

  • . The concept of irrational German angst has become a bit of a cliche over the years, but this time the threats to social cohesion feel very real
  • a wave of aggression against politicians and activists. Last year alone there were 3,691 offences against officials and party representatives, 80 of which were violent
  • This series of assaults on politicians and activists fuel wider fears around the state of Germany’s post-war order
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  • The rise in political violence combined with a rapidly shifting party landscape in which a right-wing force is emerging as a major player reminds many Germans of the 1920s and 30s
  • Despite proportional representation, the Social Democrats and the Christian Democrats shared over 70 per cent of the vote from 1953 to 2005. Now polls suggest they are now heading for a record low of 46 per cent, and the right-wing Alternative für Deutschland (AfD) is the second most popular party in many surveys.
  • the country had a reputation for being one of the most stable democracies in the world. West Germany bounced back from Nazism with low crime rates, an ‘economic miracle’ starting in the 1950s and two major parties seemingly able to cover most voters’ needs
  • a new spate of scandals has sparked fears that far-right sentiments may be more embedded than political polling suggests. 
  • blatant disregard for the country’s post-war taboos by members of the wealthy elite cast unsettling doubts over the idea that this only about the great unwashed.
  • The feverish moral panic has triggered a range of knee-jerk reactions
  • Gigi D’Agostino’s song will be banned from the Oktoberfest as well as a number of similar events around the country. Prominent politicians are pushing for a ban of the entire AfD. The political violence is to be combatted with harsher punishments specifically for attacks on politicians. 
  • This verboten culture is unlikely to do anything but provoke a backlash
  • Instead of attempting to ban the symptoms of this shattering of certainties, politicians should be thinking about their causes. What Germany needs right now isn’t moral outrage but level-headed pragmatism. 
Javier E

Opinion | Belgium Shows What Europe Has Become - The New York Times - 0 views

  • In Brussels, the seat of the European Union, rising crime, pollution and decaying infrastructure symbolize a continent in decline. With unusual clarity, Belgium shows what Europe has become in the 21st century: a continent subject to history rather than driving it.
  • For a long time, Belgian politicians and citizens hoped that European integration would release them from their own tribal squabbles. Who needed intricate federal coalitions if the behemoth in Brussels would soon take over? Except for the army and the national museums, all other levers of policy could comfortably be transferred,
  • The upward absorption has not come to pass. The European Union remains a halfway house between national government and continental superstate. There is no E.U. army or capacious fiscal apparatus. Consequently, Belgium has been put in an awkward position. Unable to collapse itself into Europe, it is stuck with a ramshackle federal state
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  • As the ideological glue that allows Belgians to cohabit has come unstuck, the traditional parties of government have found it difficult to retain public backing. Amid a wider fracturing of the vote, Flemish and Walloon voters are now lured by adventurers on right and left
  • Belgium serves as a stern reminder that there are few bulwarks against the trends that ail European nations. The country is no Italy or Netherlands, where the far right is already in government, and party democracy and its postwar prosperity survive only as faint memories.
  • Yet even with Belgium’s lower inequality rates, higher union membership and comparatively stronger party infrastructure, the march of the far right has also proved eerily unstoppable.
Javier E

The Rise and Fall of BNN Breaking, an AI-Generated News Outlet - The New York Times - 0 views

  • His is just one of many complaints against BNN, a site based in Hong Kong that published numerous falsehoods during its short time online as a result of what appeared to be generative A.I. errors.
  • During the two years that BNN was active, it had the veneer of a legitimate news service, claiming a worldwide roster of “seasoned” journalists and 10 million monthly visitors, surpassing the The Chicago Tribune’s self-reported audience. Prominent news organizations like The Washington Post, Politico and The Guardian linked to BNN’s stories
  • Google News often surfaced them, too
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  • A closer look, however, would have revealed that individual journalists at BNN published lengthy stories as often as multiple times a minute, writing in generic prose familiar to anyone who has tinkered with the A.I. chatbot ChatGPT.
  • How easily the site and its mistakes entered the ecosystem for legitimate news highlights a growing concern: A.I.-generated content is upending, and often poisoning, the online information supply.
  • The websites, which seem to operate with little to no human supervision, often have generic names — such as iBusiness Day and Ireland Top News — that are modeled after actual news outlets. They crank out material in more than a dozen languages, much of which is not clearly disclosed as being artificially generated, but could easily be mistaken as being created by human writers.
  • Now, experts say, A.I. could turbocharge the threat, easily ripping off the work of journalists and enabling error-ridden counterfeits to circulate even more widely — as has already happened with travel guidebooks, celebrity biographies and obituaries.
  • The result is a machine-powered ouroboros that could squeeze out sustainable, trustworthy journalism. Even though A.I.-generated stories are often poorly constructed, they can still outrank their source material on search engines and social platforms, which often use A.I. to help position content. The artificially elevated stories can then divert advertising spending, which is increasingly assigned by automated auctions without human oversight.
  • NewsGuard, a company that monitors online misinformation, identified more than 800 websites that use A.I. to produce unreliable news content.
  • Low-paid freelancers and algorithms have churned out much of the faux-news content, prizing speed and volume over accuracy.
  • Former employees said they thought they were joining a legitimate news operation; one had mistaken it for BNN Bloomberg, a Canadian business news channel. BNN’s website insisted that “accuracy is nonnegotiable” and that “every piece of information underwent rigorous checks, ensuring our news remains an undeniable source of truth.”
  • this was not a traditional journalism outlet. While the journalists could occasionally report and write original articles, they were asked to primarily use a generative A.I. tool to compose stories, said Ms. Chakraborty and Hemin Bakir, a journalist based in Iraq who worked for BNN for almost a year. They said they had uploaded articles from other news outlets to the generative A.I. tool to create paraphrased versions for BNN to publish.
  • Mr. Chahal’s evangelism carried weight with his employees because of his wealth and seemingly impressive track record, they said. Born in India and raised in Northern California, Mr. Chahal made millions in the online advertising business in the early 2000s and wrote a how-to book about his rags-to-riches story that landed him an interview with Oprah Winfrey.
  • Mr. Chahal told Mr. Bakir to focus on checking stories that had a significant number of readers, such as those republished by MSN.com.Employees did not want their bylines on stories generated purely by A.I., but Mr. Chahal insisted on this. Soon, the tool randomly assigned their names to stories.
  • This crossed a line for some BNN employees, according to screenshots of WhatsApp conversations reviewed by The Times, in which they told Mr. Chahal that they were receiving complaints about stories they didn’t realize had been published under their names.
  • According to three journalists who worked at BNN and screenshots of WhatsApp conversations reviewed by The Times, Mr. Chahal regularly directed profanities at employees and called them idiots and morons. When employees said purely A.I.-generated news, such as the Fanning story, should be published under the generic “BNN Newsroom” byline, Mr. Chahal was dismissive.“When I do this, I won’t have a need for any of you,” he wrote on WhatsApp.Mr. Bakir replied to Mr. Chahal that assigning journalists’ bylines to A.I.-generated stories was putting their integrity and careers in “jeopardy.”
  • This was a strategy that Mr. Chahal favored, according to former BNN employees. He used his news service to exercise grudges, publishing slanted stories about a politician from San Francisco he disliked, Wikipedia after it published a negative entry about BNN Breaking and Elon Musk after accounts belonging to Mr. Chahal, his wife and his companies were suspended o
  • The increasing popularity of programmatic advertising — which uses algorithms to automatically place ads across the internet — allows A.I.-powered news sites to generate revenue by mass-producing low-quality clickbait content
  • Experts are nervous about how A.I.-fueled news could overwhelm accurate reporting with a deluge of junk content distorted by machine-powered repetition. A particular worry is that A.I. aggregators could chip away even further at the viability of local journalism, siphoning away its revenue and damaging its credibility by contaminating the information ecosystem.
Javier E

Dating Apps Once Ran on Novelty. For Some Users, the Fun Is Over. - WSJ - 0 views

  • Around half of all U.S. adults under 30 have used a dating site or app at some point in their lives, and one in 10 adults with partners say they met their significant other by dating online
  • Online-dating growth has been slowing. Paying users declined 6% in the first quarter of the year at Match Group, whose portfolio includes the League, Tinder and Hinge, compared with a 3% dip in the first quarter of 2023. The Bumble app grew paying users 18% in the first quarter, compared with 31% growth in the period a year earlier. 
  • Nearly half of all online daters and more than half of female daters say their experiences have been negative, according to Pew, and a growing tide of users are sharing their dissatisfaction
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  • People bemoan a perceived rise in bad dating etiquette such as “ghosting” and the sending of unsolicited sexual messages, and blame the way online romance makes it easier to discard potential partners at a touch of a button. “Hacks,” or tricks designed to game the apps for better dates, abound, demonstrating the shortcomings of their designs. 
  • the companies’ growing emphasis on pricier premium services is giving users new reasons to scrutinize the algorithmically driven path to romance.
  • Bumble made its name as a free app that only let women make the first move, for example. But since 2016, it has charged for advantages such as unlimited “swipes” to connect with prospects. The most expensive plan today costs $80 a month
  • “This is not a new phenomenon, and I think that dating apps have crystallized and brought those concerns to the fore, primarily because the prior institutions that were responsible for connecting individuals—such as family, friends, churches, other homes of worship—were not able to assume blame in the same way,” said Jess Carbino, a sociologist who has worked as a consultant for Bumble and Tinder.
  • Unlike apps such as Tinder and Bumble, the League requires profile approval to join. On the app, users get three to five prospects a day unless they upgrade to become a paying member, which runs $99 a week or $399 for a three-month subscription. Once a match is made in the app, users have 14 days to initiate a conversation before the matches expire. 
Javier E

Opinion | How Kamala Harris Can Win - The New York Times - 0 views

  • f disempowerment underlies the Republicans’ most potent issues in this campaign: inflation and immigration.
  • If Ms. Harris continues to repeat economic facts without acknowledging most voters’ feelings, she will fail to address the mood of discontent that has her running just behind Mr. Trump in the polls. Low unemployment, robust job growth, rising wages — by the usual metrics, the economy has been a success during the Biden years. And yet inflation looms so large for voters that most disapprove of the president’s handling of the economy. Why
  • Because inflation is not merely about the price of eggs. Many voters experience it as an assault on their agency, a daily marker of their powerlessness: No matter how hard I work or how much I make, I can’t get ahead or even keep up.
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  • And why was the surge in illegal border crossings so troubling, even for voters who live far from the southern border? Not because they believe Mr. Trump’s florid demagogy about criminals, rapists and residents of mental hospitals pouring in but because they see a country unable to control its borders as a country unable to control its destiny
  • and as a country that treats strangers better than some of its citizens.
  • they are part of the same political project. Economic arrangements not only decide the distribution of income and wealth; they also determine the allocation of social recognition and esteem.
  • Democrats need to acknowledge that the neoliberal globalization project they and mainstream Republicans pursued in recent decades brought huge gains for those at the top but job loss and stagnant wages for most working people
  • The winners used their windfall to buy influence in high places. Government stopped trying to check concentrated economic power. The two parties joined forces to deregulate Wall Street. And when the financial crisis of 2008 pushed the system to the brink, they spent billions of dollars to bail out the banks but left ordinary homeowners mostly to fend for themselves.
  • Rather than contend directly with the damage they had done, both political parties told workers to improve themselves by getting college degrees.
  • The elites who offered this advice missed the implicit insult it contained: If you’re struggling in the new economy, it’s your fault.
  • as president, despite his centrist career, Mr. Biden turned away from the policies that had prompted populist backlash and empowered Mr. Trump.
  • Mr. Biden’s ambitious public investments in infrastructure, manufacturing, jobs and clean energy recalled the muscular role of government during the New Deal. So did his support for collective bargaining and the revival of antitrust law. It made him one of the most consequential presidents of modern times.
  • Still, he remained unpopular. Mr. Biden and his team thought the problem was one of timing: Public investments take time to produce jobs and tangible benefits.
  • But the real problem was more fundamental. Mr. Biden never really offered a broad governing vision, never explained how the policies he enacted added up to a new democratic project.
  • Mr. Biden offered no comparable story.When he broke with the era of neoliberal globalization, reasserting government’s role in regulating markets for the common good, he did so with little fanfare or explanation. He did not acknowledge that his own party had been complicit in the policies that had deepened the divide between winners and losers
  • in the end, it all made for impressive policy but themeless politics. His presidency was a legislative triumph but an evocative failure.
  • This made him a weak match for Mr. Trump, a candidate with little policy success but whose MAGA movement spoke to the anger of the age.
  • what does all of this mean for the Harris campaign?
  • Defeating Mr. Trump means taking seriously the divide between winners and losers that polarizes the country. It means acknowledging the resentment of working people who feel that the work they do is not respected, that elites look down on them, that they have little say in shaping the forces that govern their lives.
  • To do so, Ms. Harris should highlight a theme that has long been implicit but underdeveloped in Mr. Biden’s presidency: the dignity of work.
  • The Harris campaign should not only defend these achievements but also embark on something more ambitious: a project of democratic renewal that goes beyond merely saving democracy from Mr. Trump
  • democracy in its fullest sense is about citizens deliberating together about justice and the common good. The dignity of work is important to a healthy democracy because it enables everyone to contribute to the common good and to win honor and recognition for doing so.
  • For Ms. Harris, offering concrete proposals to honor work — and to reward it fairly — could force Mr. Trump and Mr. Vance to choose between the working-class party they hope to become and the corporate Republican Party they continue to be.
  • She should be asking questions that would invigorate progressive politics for the 21st century: If we really believe in the dignity of work, why do we tax income from labor at a higher rate than income from dividends and capital gains? Shouldn’t the federal minimum hourly wage be higher than $7.25?
  • Mr. Trump has proposed exempting tips from taxes. Well, here’s a bolder suggestion: Why not reduce or eliminate the payroll taxes employees pay and make up the revenue with a tax on financial transactions?
  • Beyond tax measures: What about public investment in universal child care not only to support those who work outside the home but also to improve the pay and working conditions of caregivers?
  • Democrats could promote sectoral bargaining so that fast food workers can negotiate wages and working conditions across their industry rather than company by company. Democrats could require companies to give employees seats on corporate boards and classify gig workers as employees
  • On climate change, rather than imposing top-down, technocratic solutions, what if we tried listening to those who fear their livelihoods will be upended — creating local forums that give workers in the fossil fuel industry and agriculture a chance to collaborate with community leaders, scientists and public officials in shaping the transition to a green economy?
  • The election season is too short, they might argue, and the stakes are too high; elevating the terms of public discourse is a project for another day.
  • But this would be a political mistake and a historic missed opportunity. Taunting Mr. Trump as a felon would rally the base but reinforce the divide. Offering Americans a more inspiring democratic project could change some minds, win over some voters and offer some hope for a less rancorous public life.
Javier E

Why Gen Z College Students Are Seeking Tech and Finance Jobs - The New York Times - 0 views

  • Harvard, where, at a wood-paneled dining hall last year, two juniors explained how to assess a fellow undergraduate’s earning potential. It’s easy, they said, as we ate mussels, beets and sautéed chard: You can tell by who’s getting a bulge bracket internship.
  • A bulge bracket bank, like Goldman Sachs, JPMorgan Chase or Citi. The biggest, most prestigious global investment banks
  • Not to be confused with M.B.B., which stands for three of the most prestigious management consulting firms: McKinsey, Bain and Boston Consulting Group.
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  • Even when they arrive at college wanting something very different, an increasing number of students at elite universities seek the imprimatur of employment by a powerful firm and “making a bag” (slang for a sack of money) as quickly as possible.
  • Elite universities have always been major feeders into finance and consulting, and students have always wanted to make money. According to the annual American Freshman Survey, the biggest increase in students wanting to become “very well off financially” happened between the 1970s and 1980s, and it’s been creeping up since then.
  • According to a Harvard Crimson survey of Harvard Seniors, the share of 2024 graduates going into finance and consulting is 34 percent. (In 2022 and 2023 it exceeded 40 percent.
  • Another student, from Uruguay, who spent his second summer in a row practicing case studies in preparation for management consulting internship interviews, told me that everyone arrived on campus hoping to change the world. But what they learn at Harvard, he said, is that actually doing anything meaningful is too hard. People give up on their dreams, he told me, and decide they might as well make money. Someone else told me it was common at parties to hear their peers say they just want to sell out.
  • “There’s definitely a herd mentality,” Joshua Parker, a 21-year-old Harvard junior from Oahu, said. “If you’re not doing finance or tech, it can feel like you’re doing something wrong.”
  • As a freshman, he planned to major in environmental engineering. As a sophomore, he switched to economics, joining five of his six roommates. One of those roommates told me that he hoped to run a hedge fund by the time he was in his 30s. Before that, he wanted to earn a good salary, which he defined as $500,000 a year.
  • But in the last five years, faculty and administrators say, the pull of these industries has become supercharged. In an age of astronomical housing costs, high tuition and inequality, students and their parents increasingly see college as a means to a lucrative job, more than a place to explore.
  • These statistics approach the previous highs in 2007, after which the global financial crisis drove the share down to a recent low of 20 percent in 2009, from which it’s been regaining ground since
  • Fifteen years ago, fewer students went into tech. Adding in that sector, the share of graduates starting what some students non-disparagingly refer to as “sellout jobs” is more than half. (It was a record-shattering 60 percent in 2022 and nearly 54 percent in 2023.)
  • “When people say ‘selling out,’ I mean, obviously, there’s some implicit judgment there,” said Aden Barton, a 23-year-old Harvard senior who wrote an opinion column for the student newspaper headlined, “How Harvard Careerism Killed the Classroom.”
  • “But it really is just almost a descriptive term at this point for people pursuing certain career paths,” he continued. “I’m not trying to denigrate anybody’s career path nor my own.” (He interned at a hedge fund last summer.)
  • David Halek, director of employer relations at Yale’s Office of Career Strategy, thinks students may use the term “sell out” because of the perceived certainty: “It’s the easy path to follow. It is well defined,” he said.
  • “It’s hard to conceptualize other things,” said Andy Wang, a social studies concentrator at Harvard who recently graduated.
  • Some students talk about turning to a different career later on, after they’ve made enough money. “Nowadays, English concentrators often say they’re going into finance or management consulting for a couple of years before writing their novel,” said James Wood, a Harvard professor of the practice of literary criticism.
  • And a surprising number of students explain their desire for a corporate job by drawing on the ethos of effective altruism: Whether they are conscious of the movement or not, they believe they can have greater impact by maximizing earnings to donate to a cause than working for that cause.
  • Roger Woolsey, executive director of the career center at Union College, a private liberal arts college in Schenectady, N.Y, said he first noticed a change around 2015, with students who had been in high school during the Great Recession and who therefore prioritized financial security.
  • that might be why students and their parents were much more focused on professional outcomes than they used to be. “In the past few years,” she said, “I’ve seen a higher level of interest in this first-destination data” — stats on what jobs graduates are getting out of college.
  • “The students saw what their parents went through, and the parents saw what happened to themselves,” he said. “You couple that with college tuition continuing to rise,” he continued, and students started looking for monetary payoffs right after graduation.
  • “Twenty years ago, an ‘introduction to investment banking’ event was held at the undergraduate library at Harvard,” said Howard Gardner, a professor at the Harvard Graduate School of Education. “Forty students showed up, all men, and when asked to define ‘investment banking,’ none raised their hands.”
  • Now, according to Goldman Sachs, the bank had six times as many applicants this year for summer internships as it did 10 years ago, and was 20 percent more selective for this summer’s class than it was last year.
  • “Harvard is more diverse than ever before,” Mr. Contomanolis said, with nearly one in five students eligible for a low-income Pell Grant. Those students, he said, weigh whether to, for instance, “take a job back in my border town community in Texas and make a big impact in a kind of public service sense” or get a job with “a salary that would be life changing for my family.
  • according to The Harvard Crimson’s senior survey, as Mr. Barton noted in his opinion column, “The aggregate rate of ‘selling out’ is about the same — around 60 percent — for all income brackets.” The main distinction is that students from low-income families are comparatively more likely to go into technology than finance.
  • In other words, there is something additional at play, which Mr. Barton argues has to do with the nature of prestige. “If you tell me you’re working at Goldman Sachs or McKinsey, that’s amazing, their eyes are going to light up,” Mr. Barton said. “If you tell somebody, ‘Oh, I took this random nonprofit job,’ or even a journalism job, even if you’re going to a huge name, it’s going to be a little bit of a question mark.”
  • “Even if you don’t want to do it for the rest of your life, it’s seen kind of as the golden standard of a smart, hardworking person,”
  • Matine Khalighi, 22, founded a nonprofit to award scholarships to homeless youth when he was in eighth grade. When he began studying economics at Harvard, his nonprofit, EEqual, was granting 50 scholarships a year. But some of the corporations that funded EEqual were contributing to inequality that created homelessness, he said. Philanthropy wasn’t the solution for systemic change, he decided. Instead, he turned to finance, with the idea that the sector could marshal capital quickly for social impact.
  • Part of that has to do with recruitment; the most prestigious banks and consulting firms do so only at certain colleges, and they have intensified their presence on those campuses in recent years. Over the last five years or so, “the idea of thinking about your professional path has moved much earlier in the undergraduate experience,” Ms. Ciesil said. She said the banks first began talking to students earlier, and it was the entrance of Big Tech onto the scene, asking for junior summer applications by the end of sophomore year, that accelerated recruitment timelines.
  • The marker that really distinguishes Gen Z is how pessimistic its members are, and how much they feel like life is beyond their control, according to Jean Twenge, a psychologist who analyzed data from national surveys of high school students and first-year college students in her book “Generations.”
  • Money, of course, helps give people a sense of control. And because of income inequality, “there’s this idea that you either make it or you don’t, so you better make it,” Ms. Twenge said.
  • Mihir Desai, a professor at Harvard’s business and law schools, wrote a 2017 essay in The Crimson titled “The Trouble With Optionality,” arguing that students who habitually pursue the security of prestigious employment foreclose the risk-taking and longer-range thinking necessary for more unusual or idealistic achievements.
  • Mr. Desai believes that’s often because they are responding to the bigger picture, like threats to workers from artificial intelligence, and political and financial upheaval.
  • he’s observed two trends among students pursuing wealth. There’s “the option-buyer,” the student who takes a job in finance or consulting to buy more time or to keep options open. Then there’s what he calls “the lottery ticket buyer,” the students who go all-in on a risky venture, like a start-up or new technology, hoping to make a windfall.
  • In the last five years, Roosevelt Montás, a senior lecturer at Columbia University and the former director of its Center for the Core Curriculum, has noticed a new trend when he asks students in his American Political Thought classes to consider their future.
  • “Almost every discussion, someone will come in and say, ‘Well, I can go and make a lot of money and do more good with that money than I could by doing some kind of charitable or service profession,’” Mr. Montás said. “It’s there constantly — a way of justifying a career that is organized around making money.”
  • Mr. Desai said all of this logic goes, “‘Make the bag so you can do good in the world, make the bag so you can go into retirement, make the bag so you can then go do what you really want to do.’”
  • But this “really underestimates how important work is to people’s lives,” he said. “What it gets wrong is, you spend 15 years at the hedge fund, you’re going to be a different person. You don’t just go work and make a lot of money, you go work and you become a different person.”
Javier E

Opinion | How 'Twisters' Failed Us and Our Burning Planet - The New York Times - 0 views

  • Extreme weather events are on the rise. Headlines this summer have been filled with news of devastating hurricanes, droughts, flash floods and wildfires. If ever the time was right for Hollywood to take on the one disaster that affects us all, this is surely it.
  • In a poll conducted between April 25 and May 4, the Yale Program on Climate Change Communication found that 62 percent of registered voters “would prefer to vote for a candidate for public office who supports action on global warming.”
  • That number includes 47 percent of respondents who identified as a liberal or moderate Republican. Only 15 percent of registered voters believed the U.S. government “is responding well to global warming.”
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  • Nevertheless, in more than two hours of extreme-weather depiction, the makers of “Twisters” opted to exclude even the tiniest nod to the chief driver of extreme weather.
  • In an interview with CNN’s Thomas Page, the movie’s director, Lee Isaac Chung, said, “I just don’t feel like films are meant to be message-oriented.”
  • It is not — and does not aspire to be — high cinematic art.
  • It is, however, a golden opportunity to talk about what scientists know and don’t know about how climate change might be affecting the formation, strength, frequency and geographic distribution of tornadoes, or why they now tend to develop in groups.
  • There’s a lot of talk in this movie about how tornadoes are getting bigger and more frequent, how they’re popping up in places, like New York City, that don’t historically experience the meteorological conditions that would spawn a tornado
  • There’s no talk at all about the science of global climate breakdown and what it will mean for people in the path of its destruction. That’s all of us.
  • if these filmmakers had allowed their characters — who include, after all, research scientists and climatologists — to muse aloud about how climate change might be affecting their work. In between lines like, “We’ve never seen tornadoes like this before,” would it have hurt to introduce, however briefly, the idea that something much bigger than a tornado threatens the planet those scientists are studying?
  • I’m guessing the decision to exclude even a passing reference to climate change in a film about weather disasters has very little to do with cinematic art, or even with climate science, and everything to do with avoiding the cross hairs of political polarity.
  • artifacts of popular culture have always had immense power to articulate changing attitudes, engage empathy and open firmly resistant minds. Think about how swiftly Rachel Carson’s “Silent Spring” changed attitudes toward the fragile natural world and led to new regulations of synthetic pesticides
  • how Joni Mitchell’s “Big Yellow Taxi” and John Prine’s “Paradise” expanded awareness of the environmental movement.
  • the CBS drama “Madam Secretary” proved that even a single episode with a climate-based story line could significantly affect viewers’ understanding of the human costs of climate change.
  • his is why Percy Bysshe Shelley called poets “the unacknowledged legislators of the world.” When art changes opinions or opens hearts, it changes the world as profoundly as any legislation does.
  • With MAGA politicians at every level denying that climate change even exists, real climate legislation is now nearly impossible to pass. And with the Supreme Court determined to quash all executive-branch efforts to address the changing climate, too, we seem to be at the mercy of artists to save us.
  • In a missed opportunity the size of an F5 tornado’s debris field, we got no help from the makers of “Twisters.”
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