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mimiterranova

Liquid Nitrogen Leak At Foundation Food Group Plant Kills 6 In Gainesville, Ga. : NPR - 0 views

  • A liquid nitrogen leak at a poultry plant northeast of Atlanta killed six workers and sent 11 more to the hospital Thursday.
  • First we just thought there was something wrong with the freezer, then they started saying get out," Fareed said. "I just saw the fog and when I couldn't see down the steps, I turned around. But I didn't feel anything."
  • Liquid nitrogen is colorless, odorless and extremely cold. It can cause serious damage and quick death with no warning. The gas can cause extensive tissue damage or burns. Inhaling large amounts of nitrogen can cause dizziness, nausea, vomiting, loss of consciousness and death.
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  • In 2015, OSHA fined the company for 12 violations, which included issues related to machinery safeguards, according to those records. In two separate incidents from 2017, two employees suffered finger amputations after getting their hands stuck in equipment. No other violations involved issues with refrigeration or gas leaks.
rachelramirez

NASA Says Signs of Liquid Water Flowing on Mars - The New York Times - 0 views

  • NASA Says Signs of Liquid Water Flowing on Mars
  • Though young Mars was inundated by rivers, lakes and maybe even an ocean a few billion years ago, the modern moisture is modest. Scientists have long known that large amounts of water remain — but frozen solid in the polar ice caps.
  • They named the streaks recurrent slope linae, or R.S.L.s, and many thousands of them have now been spotted.
Javier E

Sundown in America - NYTimes.com - 0 views

  • the Main Street economy is failing while Washington is piling a soaring debt burden on our descendants, unable to rein in either the warfare state or the welfare state or raise the taxes needed to pay the nation’s bills. By default, the Fed has resorted to a radical, uncharted spree of money printing. But the flood of liquidity, instead of spurring banks to lend and corporations to spend, has stayed trapped in the canyons of Wall Street, where it is inflating yet another unsustainable bubble.
  • When it bursts, there will be no new round of bailouts like the ones the banks got in 2008. Instead, America will descend into an era of zero-sum austerity and virulent political conflict, extinguishing even today’s feeble remnants of economic growth.
  • we are now state-wrecked. With only brief interruptions, we’ve had eight decades of increasingly frenetic fiscal and monetary policy activism intended to counter the cyclical bumps and grinds of the free market and its purported tendency to underproduce jobs and economic output. The toll has been heavy.
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  • The modern Keynesian state is broke, paralyzed and mired in empty ritual incantations about stimulating “demand,” even as it fosters a mutant crony capitalism that periodically lavishes the top 1 percent with speculative windfalls.
  • The future is bleak. The greatest construction boom in recorded history — China’s money dump on infrastructure over the last 15 years — is slowing. Brazil, India, Russia, Turkey, South Africa and all the other growing middle-income nations cannot make up for the shortfall in demand. The American machinery of monetary and fiscal stimulus has reached its limits. Japan is sinking into old-age bankruptcy and Europe into welfare-state senescence. The new rulers enthroned in Beijing last year know that after two decades of wild lending, speculation and building, even they will face a day of reckoning, too.
  • what’s at hand is a Great Deformation, arising from a rogue central bank that has abetted the Wall Street casino, crucified savers on a cross of zero interest rates and fueled a global commodity bubble that erodes Main Street living standards through rising food and energy prices — a form of inflation that the Fed fecklessly disregards in calculating inflation.
  • The way out would be so radical it can’t happen. It would necessitate a sweeping divorce of the state and the market economy. It would require a renunciation of crony capitalism and its first cousin: Keynesian economics in all its forms. The state would need to get out of the business of imperial hubris, economic uplift and social insurance and shift its focus to managing and financing an effective, affordable, means-tested safety net.
  • All this would require drastic deflation of the realm of politics and the abolition of incumbency itself, because the machinery of the state and the machinery of re-election have become conterminous. Prying them apart would entail sweeping constitutional surgery: amendments to give the president and members of Congress a single six-year term, with no re-election; providing 100 percent public financing for candidates; strictly limiting the duration of campaigns (say, to eight weeks); and prohibiting, for life, lobbying by anyone who has been on a legislative or executive payroll. It would also require overturning Citizens United and mandating that Congress pass a balanced budget, or face an automatic sequester of spending.
  • It would also require purging the corrosive financialization that has turned the economy into a giant casino since the 1970s. This would mean putting the great Wall Street banks out in the cold to compete as at-risk free enterprises, without access to cheap Fed loans or deposit insurance. Banks would be able to take deposits and make commercial loans, but be banned from trading, underwriting and money management in all its forms.
  • It would require, finally, benching the Fed’s central planners, and restoring the central bank’s original mission: to provide liquidity in times of crisis but never to buy government debt or try to micromanage the economy. Getting the Fed out of the financial markets is the only way to put free markets and genuine wealth creation back into capitalism.
  • If this sounds like advice to get out of the markets and hide out in cash, it is.
jordancart33

NASA Confirms Evidence That Liquid Water Flows on Today's Mars - 0 views

  • New findings from NASA's Mars Reconnaissance Orbiter (MRO) provide the strongest evidence yet that liquid water flows intermittently on present-day Mars.
  • "We found the hydrated salts only when the seasonal features were widest, which suggests that either the dark streaks themselves or a process that forms them is the source of the hydration.
  • This is a significant development, as it appears to confirm that water -- albeit briny -- is flowing today on the surface of Mars."
bluekoenig

Vesuvius eruption baked some people to death-and turned one brain to glass - 0 views

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    A rather interesting and gross discovery recently occurred in the ancient city of Herculaneum, the lesser known of the two cities destroyed by Mount Vesuvius, archeologists found a glassy substance in the skull of a body thought to be a cooked brain. The "glass" contained fatty acids and oily secretions often found on the human scalp and in the brain and nervous system. It's hypothesized that the room the body was found in heated up enough to melt the brain tissue into a liquid, rather than burning it, and rapidly cooled somehow to produce glass.
Javier E

The vaping ban is here, and it's already out of date - The Washington Post - 0 views

  • teenagers could drive a truck full of Juul cartridges through the exceptions and limitations in the FDA’s “guidance.”
  • Mr. Trump’s initial proposal to permit the sale only of tobacco-flavored products, which would repel teenage palates but be acceptable to adult smokers trying to quit, was a suitably aggressive move to keep some e-cigarette options open to quitters without attracting millions of curious children.
  • The FDA revealed last month that it would continue to allow tobacco- and menthol-flavored pods to be sold. More concerning, whole classes of vaping products would be exempt. Vape shops could continue to sell e-liquids for refillable e-cigarettes in any flavor. Disposable e-cigarette manufacturers, too, would have wide latitude.
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  • preferences can change quickly. The New York Times reported in January anecdotal accounts of teenagers ditching Juul devices and moving en masse to disposable devices packed with e-liquids in flavors such as banana ice, sour gummy and cool mint. The question is whether federal regulators will keep up with changing preferences.
  • The FDA should not have allowed disposable, candy-flavored e-cigarettes to continue to be sold. Regulators should not wait until there is enough youth survey data telling them what should have been obvious in the first place: Easy-to-use, easy-to-conceal products such as disposable vapes in candy flavorings will attract children — and create new addicts.
  • Waiting for more evidence that these products are hooking children would imply that it is acceptable for public health officials to sit back and watch while new addictions multiply.
Javier E

Bill Gates: Here are the innovations we need to reopen the economy - The Washington Post - 0 views

  • Before the United States and other countries can return to business and life as usual, we will need some innovative new tools that help us detect, treat and prevent covid-19.
  • It begins with testing. We can’t defeat an enemy if we don’t know where it is. To reopen the economy, we need to be testing enough people that we can quickly detect emerging hotspots and intervene early.
  • having patients do the swab themselves produces results that are just as accurate. This self-swab approach is faster and safer, since regulators should be able to approve swabbing at home or in other locations rather than having people risk additional contact.
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  • Another diagnostic test under development would work much like an at-home pregnancy test. You would swab your nose, but instead of sending it into a processing center, you’d put it in a liquid and then pour that liquid onto a strip of paper, which would change color if the virus was present. This test may be available in a few months.
  • We need one other advance in testing, but it’s social, not technical: consistent standards about who can get tested. If the country doesn’t test the right people — essential workers, people who are symptomatic and those who have been in contact with someone who tested positive — then we’re wasting a precious resource and potentially missing big reserves of the virus.
  • identifying the antibodies that are most effective against the novel coronavirus, and then manufacturing them in a lab. If this works, it is not yet clear how many doses could be produced; it depends on how much antibody material is needed per dose. In 2021, manufacturers may be able to make as few as 100,000 treatments or many millions.
  • An even better solution would be the broad, voluntary adoption of digital tools. For example, there are apps that will help you remember where you have been
  • treatment options
  • giving the plasma (and the antibodies it contains) to sick people. Several major companies are working together to see whether this succeeds.
  • The second area where we need innovation is contact tracing
  • Unfortunately, based on the evidence I’ve seen, they’ll likely find a good treatment, but not one that virtually guarantees you’ll recover.
  • making a vaccine.
  • The new approach I’m most excited about is known as an RNA vaccine.
  • an RNA vaccine gives your body the genetic code needed to produce viral fragments on its own.
  • n RNA vaccine essentially turns your body into its own vaccine manufacturing unit.
  • World War II was the defining moment of my parents’ generation. Similarly, the coronavirus pandemic — the first in a century — will define this era
  • here is one big difference between a world war and a pandemic: All of humanity can work together to learn about the disease and develop the capacity to fight it. With the right tools in hand, and smart implementation, we will eventually be able to declare an end to this pandemic
lucieperloff

How Democrats Would Tax Billionaires to Pay for Their Agenda - The New York Times - 0 views

  • Senate Democrats plan to tax the richest of the rich, hoping to extract hundreds of billions of dollars from the mountains of wealth that billionaires sit on to help pay for their social safety net and climate change policies.
  • Such tax avoidance could be adapted to the new system, for instance by shifting wealth from tradable assets like stocks to less liquid ones like real estate or companies.
  • on anyone with more than $1 billion in assets or more than $100 million in income for three consecutive years
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  • Democrats say the billionaires tax could be one of the most politically popular elements of their social safety net and climate change bill, which is expected to cost at least $1.5 trillion and could be completed as soon as Wednesday.
  • “I think there is an absolute understanding that at a time of massive income and wealth inequality, when you have people like Jeff Bezos, in a given year, not paying a nickel in federal income taxes, that these guys are going to have to start paying their fair share,” said Senator Bernie Sanders, the Vermont independent.
  • It would for the first time tax billionaires on the unrealized gains in the value of their liquid assets, such as stocks, bonds and cash, which can grow for years as vast capital stores that can be borrowed off to live virtually income tax free.
  • Democrats’ tax proposal would impose a new interest charge on them, which would be paid when those assets were sold, on top of the existing capital gains tax.
  • They could also deem up to $1 billion of tradable stock in a single corporation to be a non-tradable asset, to ensure that founders of a company could maintain their controlling shares.
  • For instance, any gift or bequest that did not go to a spouse or charity would be considered a taxable event, subject to capital gains taxation.
  • “direct taxes” — a term without clear definition — should be apportioned among the states so that each state’s residents pay a share equal to the share of the state’s population.
criscimagnael

German Utilities Seek Extra Funding as Energy Prices Explode - The New York Times - 0 views

  • As natural gas prices in Europe continue to hit record highs, utility companies in Germany are scrambling to secure millions of euros in extra liquidity to ensure they can meet future contracts.
  • Last week, another leading German utility, Uniper, announced that high energy prices had forced it to seek extra credit worth 10 billion euros ($11.4 billion). Most of the money, €8 billion, came from Uniper’s parent company, Fortum, based in Finland. The rest is from Germany’s state-owned development bank, KfW, and was secured as a backup to mitigate future price swings, the company said.
  • Other German energy companies, including RWE and EnBW, said that they had taken similar steps to ensure they had sufficient credit to weather the volatility in the European energy market, but declined to give details.
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  • They all face the same challenge of needing to hedge their sales of gas and electricity to cover price differences across different markets.
  • In a statement explaining the decision to provide Uniper with extra financing, Fortum said that European gas prices reached “unprecedented levels” in December.
  • In Germany, the price for energy to heat and power homes in November rose more than 101 percent from a year earlier, the country’s official statistics office, Destatis, said.
  • In Britain, the sudden price rise has led to the collapse of several smaller energy suppliers.
  • Global demand for energy jumped last year, after the world economy reawakened from widespread shutdowns aimed at slowing the spread of the coronavirus pandemic. When many economies started up again last spring, the need for natural gas shot up. Natural gas is crucial for generating electricity, running factories and heating homes across the continent.
  • European countries normally stock up on gas in the summer, when prices are relatively cheap, but the pandemic and a cold winter last year drew down levels of stored gas, leading to the wild swings in prices.
  • Prices for natural gas have risen about sixfold, to record levels. The surge means the wholesale price of electricity has reached stratospheric levels, making headlines across Europe as consumers, battered by the pandemic, are now hit by big increases in their home energy bills. Many European countries have tried to buffer the shock to consumers with price caps, subsidies and direct payments.
  • These high costs are also undermining the economics of companies that make fertilizer, steel, glass and other materials that require a lot of electricity.
Javier E

Ozempic or Bust - The Atlantic - 0 views

  • June 2024 Issue
  • Explore
  • it is impossible to know, in the first few years of any novel intervention, whether its success will last.
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  • The ordinary fixes—the kind that draw on people’s will, and require eating less and moving more—rarely have a large or lasting effect. Indeed, America itself has suffered through a long, maddening history of failed attempts to change its habits on a national scale: a yo-yo diet of well-intentioned treatments, policies, and other social interventions that only ever lead us back to where we started
  • Through it all, obesity rates keep going up; the diabetes epidemic keeps worsening.
  • The most recent miracle, for Barb as well as for the nation, has come in the form of injectable drugs. In early 2021, the Danish pharmaceutical company Novo Nordisk published a clinical trial showing remarkable results for semaglutide, now sold under the trade names Wegovy and Ozempic.
  • Patients in the study who’d had injections of the drug lost, on average, close to 15 percent of their body weight—more than had ever been achieved with any other drug in a study of that size. Wadden knew immediately that this would be “an incredible revolution in the treatment of obesity.”
  • Many more drugs are now racing through development: survodutide, pemvidutide, retatrutide. (Among specialists, that last one has produced the most excitement: An early trial found an average weight loss of 24 percent in one group of participants.
  • In the United States, an estimated 189 million adults are classified as having obesity or being overweight
  • The drugs don’t work for everyone. Their major side effects—nausea, vomiting, and diarrhea—can be too intense for many patients. Others don’t end up losing any weight
  • For the time being, just 25 percent of private insurers offer the relevant coverage, and the cost of treatment—about $1,000 a month—has been prohibitive for many Americans.
  • The drugs have already been approved not just for people with diabetes or obesity, but for anyone who has a BMI of more than 27 and an associated health condition, such as high blood pressure or cholesterol. By those criteria, more than 140 million American adults already qualify
  • if this story goes the way it’s gone for other “risk factor” drugs such as statins and antihypertensives, then the threshold for prescriptions will be lowered over time, inching further toward the weight range we now describe as “normal.”
  • How you view that prospect will depend on your attitudes about obesity, and your tolerance for risk
  • The first GLP-1 drug to receive FDA approval, exenatide, has been used as a diabetes treatment for more than 20 years. No long-term harms have been identified—but then again, that drug’s long-term effects have been studied carefully only across a span of seven years
  • the data so far look very good. “These are now being used, literally, in hundreds of thousands of people across the world,” she told me, and although some studies have suggested that GLP-1 drugs may cause inflammation of the pancreas, or even tumor growth, these concerns have not borne out.
  • adolescents are injecting newer versions of these drugs, and may continue to do so every week for 50 years or more. What might happen over all that time?
  • “All of us, in the back of our minds, always wonder, Will something show up?  ” Although no serious problems have yet emerged, she said, “you wonder, and you worry.”
  • in light of what we’ve been through, it’s hard to see what other choices still remain. For 40 years, we’ve tried to curb the spread of obesity and its related ailments, and for 40 years, we’ve failed. We don’t know how to fix the problem. We don’t even understand what’s really causing it. Now, again, we have a new approach. This time around, the fix had better work.
  • The fen-phen revolution arrived at a crucial turning point for Wadden’s field, and indeed for his career. By then he’d spent almost 15 years at the leading edge of research into dietary interventions, seeing how much weight a person might lose through careful cutting of their calories.
  • But that sort of diet science—and the diet culture that it helped support—had lately come into a state of ruin. Americans were fatter than they’d ever been, and they were giving up on losing weight. According to one industry group, the total number of dieters in the country declined by more than 25 percent from 1986 to 1991.
  • Rejecting diet culture became something of a feminist cause. “A growing number of women are joining in an anti-diet movement,” The New York Times reported in 1992. “They are forming support groups and ceasing to diet with a resolve similar to that of secretaries who 20 years ago stopped getting coffee for their bosses.
  • Now Wadden and other obesity researchers were reaching a consensus that behavioral interventions might produce in the very best scenario an average lasting weight loss of just 5 to 10 percent
  • National surveys completed in 1994 showed that the adult obesity rate had surged by more than half since 1980, while the proportion of children classified as overweight had doubled. The need for weight control in America had never seemed so great, even as the chances of achieving it were never perceived to be so small.
  • Wadden wasn’t terribly concerned, because no one in his study had reported any heart symptoms. But ultrasounds revealed that nearly one-third of them had some degree of leakage in their heart valves. His “cure for obesity” was in fact a source of harm.
  • In December 1994, the Times ran an editorial on what was understood to be a pivotal discovery: A genetic basis for obesity had finally been found. Researchers at Rockefeller University were investigating a molecule, later named leptin, that gets secreted from fat cells and travels to the brain, and that causes feelings of satiety. Lab mice with mutations in the leptin gene—importantly, a gene also found in humans—overeat until they’re three times the size of other mice. “The finding holds out the dazzling hope,”
  • In April 1996, the doctors recommended yes: Dexfenfluramine was approved—and became an instant blockbuster. Patients received prescriptions by the hundreds of thousands every month. Sketchy wellness clinics—call toll-free, 1-888-4FEN-FEN—helped meet demand. Then, as now, experts voiced concerns about access. Then, as now, they worried that people who didn’t really need the drugs were lining up to take them. By the end of the year, sales of “fen” alone had surpassed $300 million.
  • It was nothing less than an awakening, for doctors and their patients alike. Now a patient could be treated for excess weight in the same way they might be treated for diabetes or hypertension—with a drug they’d have to take for the rest of their life.
  • the article heralded a “new understanding of obesity as a chronic disease rather than a failure of willpower.”
  • News had just come out that, at the Mayo Clinic in Minnesota, two dozen women taking fen-phen—including six who were, like Barb, in their 30s—had developed cardiac conditions. A few had needed surgery, and on the operating table, doctors discovered that their heart valves were covered with a waxy plaque.
  • Americans had been prescribed regular fenfluramine since 1973, and the newer drug, dexfenfluramine, had been available in France since 1985. Experts took comfort in this history. Using language that is familiar from today’s assurances regarding semaglutide and other GLP-1 drugs, they pointed out that millions were already on the medication. “It is highly unlikely that there is anything significant in toxicity to the drug that hasn’t been picked up with this kind of experience,” an FDA official named James Bilstad would later say in a Time cover story headlined “The Hot New Diet Pill.
  • “I know I can’t get any more,” she told Williams. “I have to use up what I have. And then I don’t know what I’m going to do after that. That’s the problem—and that is what scares me to death.” Telling people to lose weight the “natural way,” she told another guest, who was suggesting that people with obesity need only go on low-carb diets, is like “asking a person with a thyroid condition to just stop their medication.”
  • She’d gone off the fen-phen and had rapidly regained weight. “The voices returned and came back in a furor I’d never heard before,” Barb later wrote on her blog. “It was as if they were so angry at being silenced for so long, they were going to tell me 19 months’ worth of what they wanted me to hear. I was forced to listen. And I ate. And I ate. And ate.”
  • For Barb, rapid weight loss has brought on a different metaphysical confusion. When she looks in the mirror, she sometimes sees her shape as it was two years ago. In certain corners of the internet, this is known as “phantom fat syndrome,” but Barb dislikes that term. She thinks it should be called “body integration syndrome,” stemming from a disconnect between your “larger-body memory” and “smaller-body reality.
  • In 2003, the U.S. surgeon general declared obesity “the terror within, a threat that is every bit as real to America as the weapons of mass destruction”; a few months later, Eric Finkelstein, an economist who studies the social costs of obesity, put out an influential paper finding that excess weight was associated with up to $79 billion in health-care spending in 1998, of which roughly half was paid by Medicare and Medicaid. (Later he’d conclude that the number had nearly doubled in a decade.
  • In 2004, Finkelstein attended an Action on Obesity summit hosted by the Mayo Clinic, at which numerous social interventions were proposed, including calorie labeling in workplace cafeterias and mandatory gym class for children of all grades.
  • he message at their core, that soda was a form of poison like tobacco, spread. In San Francisco and New York, public-service campaigns showed images of soda bottles pouring out a stream of glistening, blood-streaked fat. Michelle Obama led an effort to depict water—plain old water—as something “cool” to drink.
  • Soon, the federal government took up many of the ideas that Brownell had helped popularize. Barack Obama had promised while campaigning for president that if America’s obesity trends could be reversed, the Medicare system alone would save “a trillion dollars.” By fighting fat, he implied, his ambitious plan for health-care reform would pay for itself. Once he was in office, his administration pulled every policy lever it could.
  • Michelle Obama helped guide these efforts, working with marketing experts to develop ways of nudging kids toward better diets and pledging to eliminate “food deserts,” or neighborhoods that lacked convenient access to healthy, affordable food. She was relentless in her public messaging; she planted an organic garden at the White House and promoted her signature “Let’s Move!” campaign around the country.
  • An all-out war on soda would come to stand in for these broad efforts. Nutrition studies found that half of all Americans were drinking sugar-sweetened beverages every day, and that consumption of these accounted for one-third of the added sugar in adults’ diets. Studies turned up links between people’s soft-drink consumption and their risks for type 2 diabetes and obesity. A new strand of research hinted that “liquid calories” in particular were dangerous to health.
  • when their field lost faith in low-calorie diets as a source of lasting weight loss, the two friends went in opposite directions. Wadden looked for ways to fix a person’s chemistry, so he turned to pharmaceuticals. Brownell had come to see obesity as a product of our toxic food environment: He meant to fix the world to which a person’s chemistry responded, so he started getting into policy.
  • The social engineering worked. Slowly but surely, Americans’ lamented lifestyle began to shift. From 2001 to 2018, added-sugar intake dropped by about one-fifth among children, teens, and young adults. From the late 1970s through the early 2000s, the obesity rate among American children had roughly tripled; then, suddenly, it flattened out.
  • although the obesity rate among adults was still increasing, its climb seemed slower than before. Americans’ long-standing tendency to eat ever-bigger portions also seemed to be abating.
  • sugary drinks—liquid candy, pretty much—were always going to be a soft target for the nanny state. Fixing the food environment in deeper ways proved much harder. “The tobacco playbook pretty much only works for soda, because that’s the closest analogy we have as a food item,
  • that tobacco playbook doesn’t work to increase consumption of fruits and vegetables, he said. It doesn’t work to increase consumption of beans. It doesn’t work to make people eat more nuts or seeds or extra-virgin olive oil.
  • Careful research in the past decade has shown that many of the Obama-era social fixes did little to alter behavior or improve our health. Putting calorie labels on menus seemed to prompt at most a small decline in the amount of food people ate. Employer-based wellness programs (which are still offered by 80 percent of large companies) were shown to have zero tangible effects. Health-care spending, in general, kept going up.
  • From the mid-1990s to the mid-2000s, the proportion of adults who said they’d experienced discrimination on account of their height or weight increased by two-thirds, going up to 12 percent. Puhl and others started citing evidence that this form of discrimination wasn’t merely a source of psychic harm, but also of obesity itself. Studies found that the experience of weight discrimination is associated with overeating, and with the risk of weight gain over time.
  • obesity rates resumed their ascent. Today, 20 percent of American children have obesity. For all the policy nudges and the sensible revisions to nutrition standards, food companies remain as unfettered as they were in the 1990s, Kelly Brownell told me. “Is there anything the industry can’t do now that it was doing then?” he asked. “The answer really is no. And so we have a very predictable set of outcomes.”
  • she started to rebound. The openings into her gastric pouch—the section of her stomach that wasn’t bypassed—stretched back to something like their former size. And Barb found ways to “eat around” the surgery, as doctors say, by taking food throughout the day in smaller portions
  • Bariatric surgeries can be highly effective for some people and nearly useless for others. Long-term studies have found that 30 percent of those who receive the same procedure Barb did regain at least one-quarter of what they lost within two years of reaching their weight nadir; more than half regain that much within five years.
  • if the effects of Barb’s surgery were quickly wearing off, its side effects were not: She now had iron, calcium, and B12 deficiencies resulting from the changes to her gut. She looked into getting a revision of the surgery—a redo, more or less—but insurance wouldn’t cover it
  • She found that every health concern she brought to doctors might be taken as a referendum, in some way, on her body size. “If I stubbed my toe or whatever, they’d just say ‘Lose weight.’ ” She began to notice all the times she’d be in a waiting room and find that every chair had arms. She realized that if she was having a surgical procedure, she’d need to buy herself a plus-size gown—or else submit to being covered with a bedsheet when the nurses realized that nothing else would fit.
  • Barb grew angrier and more direct about her needs—You’ll have to find me a different chair, she started saying to receptionists. Many others shared her rage. Activists had long decried the cruel treatment of people with obesity: The National Association to Advance Fat Acceptance had existed, for example, in one form or another, since 1969; the Council on Size & Weight Discrimination had been incorporated in 1991. But in the early 2000s, the ideas behind this movement began to wend their way deeper into academia, and they soon gained some purchase with the public.
  • “Our public-health efforts to address obesity have failed,” Eric Finkelstein, the economist, told me.
  • Others attacked the very premise of a “healthy weight”: People do not have any fundamental need, they argued, morally or medically, to strive for smaller bodies as an end in itself. They called for resistance to the ideology of anti-fatness, with its profit-making arms in health care and consumer goods. The Association for Size Diversity and Health formed in 2003; a year later, dozens of scholars working on weight-related topics joined together to create the academic field of fat studies.
  • As the size-diversity movement grew, its values were taken up—or co-opted—by Big Business. Dove had recently launched its “Campaign for Real Beauty,” which included plus-size women. (Ad Age later named it the best ad campaign of the 21st century.) People started talking about “fat shaming” as something to avoid
  • By 2001, Bacon, who uses they/them pronouns, had received their Ph.D. and finished a rough draft of a book, Health at Every Size, which drew inspiration from a broader movement by that name among health-care practitioners
  • But something shifted in the ensuing years. In 2007, Bacon got a different response, and the book was published. Health at Every Size became a point of entry for a generation of young activists and, for a time, helped shape Americans’ understanding of obesity.
  • Some experts were rethinking their advice on food and diet. At UC Davis, a physiologist named Lindo Bacon who had struggled to overcome an eating disorder had been studying the effects of “intuitive eating,” which aims to promote healthy, sustainable behavior without fixating on what you weigh or how you look
  • The heightened sensitivity started showing up in survey data, too. In 2010, fewer than half of U.S. adults expressed support for giving people with obesity the same legal protections from discrimination offered to people with disabilities. In 2015, that rate had risen to three-quarters.
  • In Bacon’s view, the 2000s and 2010s were glory years. “People came together and they realized that they’re not alone, and they can start to be critical of the ideas that they’ve been taught,” Bacon told me. “We were on this marvelous path of gaining more credibility for the whole Health at Every Size movement, and more awareness.”
  • that sense of unity proved short-lived; the movement soon began to splinter. Black women have the highest rates of obesity, and disproportionately high rates of associated health conditions. Yet according to Fatima Cody Stanford, an obesity-medicine physician at Harvard Medical School, Black patients with obesity get lower-quality care than white patients with obesity.
  • That system was exactly what Bacon and the Health at Every Size movement had set out to reform. The problem, as they saw it, was not so much that Black people lacked access to obesity medicine, but that, as Bacon and the Black sociologist Sabrina Strings argued in a 2020 article, Black women have been “specifically targeted” for weight loss, which Bacon and Strings saw as a form of racism
  • But members of the fat-acceptance movement pointed out that their own most visible leaders, including Bacon, were overwhelmingly white. “White female dietitians have helped steal and monetize the body positive movement,” Marquisele Mercedes, a Black activist and public-health Ph.D. student, wrote in September 2020. “And I’m sick of it.”
  • Tensions over who had the standing to speak, and on which topics, boiled over. In 2022, following allegations that Bacon had been exploitative and condescending toward Black colleagues, the Association for Size Diversity and Health expelled them from its ranks and barred them from attending its events.
  • As the movement succumbed to in-fighting, its momentum with the public stalled. If attitudes about fatness among the general public had changed during the 2000s and 2010s, it was only to a point. The idea that some people can indeed be “fit but fat,” though backed up by research, has always been a tough sell.
  • Although Americans had become less inclined to say they valued thinness, measures of their implicit attitudes seemed fairly stable. Outside of a few cities such as San Francisco and Madison, Wisconsin, new body-size-discrimination laws were never passed.
  • In the meantime, thinness was coming back into fashion
  • In the spring of 2022, Kim Kardashian—whose “curvy” physique has been a media and popular obsession—boasted about crash-dieting in advance of the Met Gala. A year later, the model and influencer Felicity Hayward warned Vogue Business that “plus-size representation has gone backwards.” In March of this year, the singer Lizzo, whose body pride has long been central to her public persona, told The New York Times that she’s been trying to lose weight. “I’m not going to lie and say I love my body every day,” she said.
  • Among the many other dramatic effects of the GLP-1 drugs, they may well have released a store of pent-up social pressure to lose weight.
  • If ever there was a time to debate that impulse, and to question its origins and effects, it would be now. But Puhl told me that no one can even agree on which words are inoffensive. The medical field still uses obesity, as a description of a diagnosable disease. But many activists despise that phrase—some spell it with an asterisk in place of the e—and propose instead to reclaim fat.
  • Everyone seems to agree on the most important, central fact: that we should be doing everything we can to limit weight stigma. But that hasn’t been enough to stop the arguing.
  • Things feel surreal these days to just about anyone who has spent years thinking about obesity. At 71, after more than four decades in the field, Thomas Wadden now works part-time, seeing patients just a few days a week. But the arrival of the GLP-1 drugs has kept him hanging on for a few more years, he said. “It’s too much of an exciting period to leave obesity research right now.”
  • When everyone is on semaglutide or tirzepatide, will the soft-drink companies—Brownell’s nemeses for so many years—feel as if a burden has been lifted? “My guess is the food industry is probably really happy to see these drugs come along,” he said. They’ll find a way to reach the people who are taking GLP‑1s, with foods and beverages in smaller portions, maybe. At the same time, the pressures to cut back on where and how they sell their products will abate.
  • the triumph in obesity treatment only highlights the abiding mystery of why Americans are still getting fatter, even now
  • Perhaps one can lay the blame on “ultraprocessed” foods, he said. Maybe it’s a related problem with our microbiomes. Or it could be that obesity, once it takes hold within a population, tends to reproduce itself through interactions between a mother and a fetus. Others have pointed to increasing screen time, how much sleep we get, which chemicals are in the products that we use, and which pills we happen to take for our many other maladies.
  • “The GLP-1s are just a perfect example of how poorly we understand obesity,” Mozaffarian told me. “Any explanation of why they cause weight loss is all post-hoc hand-waving now, because we have no idea. We have no idea why they really work and people are losing weight.”
  • The new drugs—and the “new understanding of obesity” that they have supposedly occasioned—could end up changing people’s attitudes toward body size. But in what ways
  • When the American Medical Association declared obesity a disease in 2013, Rebecca Puhl told me, some thought “it might reduce stigma, because it was putting more emphasis on the uncontrollable factors that contribute to obesity.” Others guessed that it would do the opposite, because no one likes to be “diseased.”
  • why wasn’t there another kind of nagging voice that wouldn’t stop—a sense of worry over what the future holds? And if she wasn’t worried for herself, then what about for Meghann or for Tristan, who are barely in their 40s? Wouldn’t they be on these drugs for another 40 years, or even longer? But Barb said she wasn’t worried—not at all. “The technology is so much better now.” If any problems come up, the scientists will find solutions.
izzerios

Pat McCrory: Firebombing 'an attack on democracy' | The Charlotte Observer - 0 views

  • firebombing of a North Carolina Republican headquarters
  • “an attack on our democracy,”
  • “political terrorism.”
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  • somebody threw a bottle of flammable liquid through the window of Orange County’s GOP headquarters, setting campaign signs, supplies and furniture ablaze before burning itself out.
  • A swastika and “Nazi Republicans get out of town or else” were spray painted on the side of an adjacent building.
  • I will use every resource as governor to assist local authorities in this investigation.”
  • incident took place in Orange County, home of the University of North Carolina in nearby Chapel Hill.
  • But Clinton’s campaign tweeted, “The attack on the Orange County HQ @NCGOP office is horrific and unacceptable. Very grateful that everyone is safe.”
  • “Violence has no place in our democracy and can not be tolerated. The culprits must be caught and brought to justice.”
  • “political terrorism.”
  • “Whether you are Republican, Democrat or Independent, all Americans should be outraged by this hate-filled and violent attack against our democracy. … Everyone in this country should be free to express their political viewpoints without fear for their own safety.”
  • “The idea is to intimidate us, to make us crawl back in the shadows,” he said. “But I think it’s going to backfire on them.”
  • “It always happens that toward the end of the campaign, emotions get both frayed and intensified.”
nataliedepaulo1

Astronomers discover 7 Earth-sized planets orbiting nearby star - CNN.com - 0 views

  • Astronomers discover 7 Earth-sized planets orbiting nearby star
  • TRAPPIST-1 barely classifies as a star at half the temperature and a tenth the mass of the sun. It is red, dim and just a bit larger than Jupiter. But these tiny ultracool dwarf stars are common in our galaxy.
  • Over the next decade, the researchers want to define the atmosphere of each planet, as well as to determine whether they truly do have liquid water on the surface and search for signs of life.
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  • "This is the most exciting result I have seen in the 14 years of Spitzer operations," said Sean Carey, manager of NASA's Spitzer Science Center at Caltech/IPAC in Pasadena, California. "Spitzer will follow up in the fall to further refine our understanding of these planets so that the James Webb Space Telescope can follow up. More observations of the system are sure to reveal more secrets."
Javier E

The dark side of Dubai - Johann Hari - Commentators - The Independent - 0 views

  • the secrets of Dubai are slowly seeping out. This is a city built from nothing in just a few wild decades on credit and ecocide, suppression and slavery. Dubai is a living metal metaphor for the neo-liberal globalised world that may be crashing – at last – into history.
  • There are three different Dubais, all swirling around each other. There are the expats, like Karen; there are the Emiratis, headed by Sheikh Mohammed; and then there is the foreign underclass who built the city, and are trapped here. They are hidden in plain view. You see them everywhere, in dirt-caked blue uniforms, being shouted at by their superiors, like a chain gang – but you are trained not to look. It is like a mantra: the Sheikh built the city. The Sheikh built the city. Workers? What workers?
  • Sahinal Monir, a slim 24-year-old from the deltas of Bangladesh. "To get you here, they tell you Dubai is heaven. Then you get here and realise it is hell," he says. Four years ago, an employment agent arrived in Sahinal's village in Southern Bangladesh. He told the men of the village that there was a place where they could earn 40,000 takka a month (£400) just for working nine-to-five on construction projects. It was a place where they would be given great accommodation, great food, and treated well. All they had to do was pay an up-front fee of 220,000 takka (£2,300) for the work visa – a fee they'd pay off in the first six months, easy. So Sahinal sold his family land, and took out a loan from the local lender, to head to this paradise. As soon as he arrived at Dubai airport, his passport was taken from him by his construction company. He has not seen it since. He was told brusquely that from now on he would be working 14-hour days in the desert heat – where western tourists are advised not to stay outside for even five minutes in summer, when it hits 55 degrees – for 500 dirhams a month (£90), less than a quarter of the wage he was promised. If you don't like it, the company told him, go home. "But how can I go home? You have my passport, and I have no money for the ticket," he said. "Well, then you'd better get to work," they replied.
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  • "There's a huge number of suicides in the camps and on the construction sites, but they're not reported. They're described as 'accidents'." Even then, their families aren't free: they simply inherit the debts. A Human Rights Watch study found there is a "cover-up of the true extent" of deaths from heat exhaustion, overwork and suicide, but the Indian consulate registered 971 deaths of their nationals in 2005 alone. After this figure was leaked, the consulates were told to stop counting.
  • Since the recession hit, they say, the electricity has been cut off in dozens of the camps, and the men have not been paid for months. Their companies have disappeared with their passports and their pay. "We have been robbed of everything. Even if somehow we get back to Bangladesh, the loan sharks will demand we repay our loans immediately, and when we can't, we'll be sent to prison." This is all supposed to be illegal. Employers are meant to pay on time, never take your passport, give you breaks in the heat – but I met nobody who said it happens. Not one. These men are conned into coming and trapped into staying, with the complicity of the Dubai authorities.
  • The work is "the worst in the world," he says. "You have to carry 50kg bricks and blocks of cement in the worst heat imaginable ... This heat – it is like nothing else. You sweat so much you can't pee, not for days or weeks. It's like all the liquid comes out through your skin and you stink. You become dizzy and sick but you aren't allowed to stop, except for an hour in the afternoon. You know if you drop anything or slip, you could die. If you take time off sick, your wages are docked, and you are trapped here even longer."
  • For Emiratis, this is a Santa Claus state, handing out goodies while it makes its money elsewhere: through renting out land to foreigners, soft taxes on them like business and airport charges, and the remaining dribble of oil. Most Emiratis, like Ahmed, work for the government, so they're cushioned from the credit crunch. "I haven't felt any effect at all, and nor have my friends," he says. "Your employment is secure. You will only be fired if you do something incredibly bad." The laws are currently being tightened, to make it even more impossible to sack an Emirati.
  • Sheikh Mohammed turned Dubai into Creditopolis, a city built entirely on debt. Dubai owes 107 percent of its entire GDP. It would be bust already, if the neighbouring oil-soaked state of Abu Dhabi hadn't pulled out its chequebook. Mohammed says this will constrict freedom even further. "Now Abu Dhabi calls the tunes – and they are much more conservative and restrictive than even Dubai. Freedom here will diminish every day." Already, new media laws have been drafted forbidding the press to report on anything that could "damage" Dubai or "its economy"
  • What we see now didn't occur in our wildest dreams. We never thought we could be such a success, a trendsetter, a model for other Arab countries. The people of Dubai are mighty proud of their city, and rightly so. And yet..." He shakes his head. "In our hearts, we fear we have built a modern city but we are losing it to all these expats." Adbulkhaleq says every Emirati of his generation lives with a "psychological trauma." Their hearts are divided – "between pride on one side, and fear on the other."
  • t is an open secret that once you hire a maid, you have absolute power over her. You take her passport – everyone does; you decide when to pay her, and when – if ever – she can take a break; and you decide who she talks to. She speaks no Arabic. She cannot escape.
  • heikh Maktoum built his showcase city in a place with no useable water. None. There is no surface water, very little acquifer, and among the lowest rainfall in the world. So Dubai drinks the sea. The Emirates' water is stripped of salt in vast desalination plants around the Gulf – making it the most expensive water on earth. It costs more than petrol to produce, and belches vast amounts of carbon dioxide into the atmosphere as it goes. It's the main reason why a resident of Dubai has the biggest average carbon footprint of any human being – more than double that of an American.
  • Dubai only has enough water to last us a week. There's almost no storage. We don't know what will happen if our supplies falter. It would be hard to survive." Global warming, he adds, makes the problem even worse. "We are building all these artificial islands, but if the sea level rises, they will be gone, and we will lose a lot. Developers keep saying it's all fine, they've taken it into consideration, but I'm not so sure."
  • The water quality got worse and worse. The guests started to spot raw sewage, condoms, and used sanitary towels floating in the sea. So the hotel ordered its own water analyses from a professional company. "They told us it was full of fecal matter and bacteria 'too numerous to count'. I had to start telling guests not to go in the water, and since they'd come on a beach holiday, as you can imagine, they were pretty pissed off." She began to make angry posts on the expat discussion forums – and people began to figure out what was happening. Dubai had expanded so fast its sewage treatment facilities couldn't keep up. The sewage disposal trucks had to queue for three or four days at the treatment plants – so instead, they were simply drilling open the manholes and dumping the untreated sewage down them, so it flowed straight to the sea.
  • She continued to complain – and started to receive anonymous phone calls. "Stop embarassing Dubai, or your visa will be cancelled and you're out," they said. She says: "The expats are terrified to talk about anything. One critical comment in the newspapers and they deport you. So what am I supposed to do? Now the water is worse than ever. People are getting really sick. Eye infections, ear infections, stomach infections, rashes. Look at it!" There is faeces floating on the beach, in the shadow of one of Dubai's most famous hotels.
  • Perhaps Dubai disturbed me so much, I am thinking, because here, the entire global supply chain is condensed. Many of my goods are made by semi-enslaved populations desperate for a chance 2,000 miles away; is the only difference that here, they are merely two miles away, and you sometimes get to glimpse their faces? Dubai is Market Fundamentalist Globalisation in One City.
Javier E

The Middle Class Is Steadily Eroding. Just Ask the Business World. - NYTimes.com - 0 views

  • As politicians and pundits in Washington continue to spar over whether economic inequality is in fact deepening, in corporate America there really is no debate at all. The post-recession reality is that the customer base for businesses that appeal to the middle class is shrinking as the top tier pulls even further away.
  • Within top consulting firms and among Wall Street analysts, the shift is being described with a frankness more often associated with left-wing academics than business experts.
  • In response to the upward shift in spending, PricewaterhouseCoopers clients like big stores and restaurants are chasing richer customers with a wider offering of high-end goods and services, or focusing on rock-bottom prices to attract the expanding ranks of penny-pinching consumers.
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  • “As a retailer or restaurant chain, if you’re not at the really high level or the low level, that’s a tough place to be,” Mr. Maxwell said. “You don’t want to be stuck in the middle.”
  • In 2012, the top 5 percent of earners were responsible for 38 percent of domestic consumption, up from 28 percent in 1995, the researchers found.
  • Since 2009, the year the recession ended, inflation-adjusted spending by this top echelon has risen 17 percent, compared with just 1 percent among the
  • “It’s going to be hard to maintain strong economic growth with such a large proportion of the population falling behind,” he said. “We might be able to muddle along — but can we really recover?”
  • More broadly, about 90 percent of the overall increase in inflation-adjusted consumption between 2009 and 2012 was generated by the top 20 percent of households in terms of income
  • bottom 95 percent.
  • 50 percent of Americans have no effective participation in the surging stock market, even counting retirement accounts.
  • Sears and J. C. Penney, retailers whose wares are aimed squarely at middle-class Americans, are both in dire straits.
  • Loehmann’s, where generations of middle-class shoppers hunted for marked-down designer labels in the famed Back Room, is now being liquidated
jordancart33

Liquid water exists on Mars, boosting hopes for life, NASA says - CNN.com - 0 views

  • Potentially life-giving water still flows across the ancient surface of Mars from time to time, NASA scientists said Monday in revealing a potential breakthrough in both the search for life beyond Earth and human hopes to one day travel there.
Javier E

Naimark, N.M.: Stalin's Genocides. - 0 views

  • Norman Naimark, one of our most respected authorities on the Soviet era, challenges the widely held notion that Stalin's crimes do not constitute genocide, which the United Nations defines as the premeditated killing of a group of people because of their race, religion, or inherent national qualities. In this gripping book, Naimark explains how Stalin became a pitiless mass killer. He looks at the most consequential and harrowing episodes of Stalin's systematic destruction of his own populace--the liquidation and repression of the so-called kulaks, the Ukrainian famine, the purge of nationalities, and the Great Terror--and examines them in light of other genocides in history. In addition, Naimark compares Stalin's crimes with those of the most notorious genocidal killer of them all, Adolf Hitler.
Javier E

The Butchery of Hitler and Stalin | Hoover Institution - 0 views

  • All told, some fourteen million people are estimated to have died as a result of these atrocities; to put this number into context, it is two million more than the total number of German and Soviet soldiers killed in battle and over thirteen million more than American losses in all of its foreign wars combined.
  • The Holocaust was a unique historical event, the causes of which were distinctive. But it’s precisely because it occurred alongside other wide-scale horrors that Snyder is right to “test the proposition that deliberate and direct mass murder by these two regimes in the bloodlands is a distinct phenomenon worthy of separate treatment.”
  • Both ideologically and practically, Stalinism gave rise to Hitler. This was thanks to Soviet communism’s absolutist and totalitarian nature, which gave Hitler all the evidence he needed that nothing less than the full militarization of society was required to confront the eastern menace. Similarly, Stalin’s paranoid worldview directly contributed to policies which only emboldened Hitler. Stalin instructed German communists to treat their Social Democratic countrymen as “social fascists,” leading to fractures on the German left that ultimately gave way for Hitler’s ascent. This hothouse geopolitical environment created, as Hobsbawm would later put it, an “Age of Extremes.”
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  • Despite the images of walking skeletons that greeted American liberators at Buchenwald, the full enormity of the Holocaust was not fully appreciated, even in the Western world, until relatively recently, for the simple reason that “the Americans and the British liberated no part of Europe that had a very significant Jewish population before the war, and saw none of the German death facilities.” Those facilities, and the fields in which the Germans exterminated the vast majority of their Jewish victims, lay in the bloodlands, which were conquered by the Soviets.
  • But it was in Belarus where the conflagration between Nazis and Soviets, and between collaborationists and partisans, was greatest. By the end of the war, Snyder writes, a full half of the country’s population had either been killed or deported.
  • To this day, the populations of the former Soviet Bloc, and some elements of their intelligentsia, have yet to come to terms with their historical complicity in the Holocaust, painting their ancestors as victims, which indeed many of them no doubt were, while ignoring the fact that many were erstwhile collaborators.
  • The Nazi plan to eliminate the Jewish race — a plan which it executed often with the gleeful participation of local collaborators who needed no prompting in rounding up and murdering their Jewish neighbors — is today being downplayed so that Soviet crimes loom larger.
  • “the vast majority of Jews killed in the Holocaust never saw a concentration camp.” Their murders were personal affairs in that they involved soldiers firing bullets into their bodies; death did not take place within a closed chamber and the murderers saw the faces of their victims. Most of the killing took place in the fields and forests of Eastern Europe.
  • The perverse irony of both Stalin’s and Hitler’s desire to conquer the bloodlands was that by expanding their empires they diversified them. Suddenly, they had a whole lot of foreigners living under their domain, who would need to be pacified. And so the solution to this problem would have to be the liquidation of massive numbers of people.
  • What has allowed the Soviet Union to escape the same sort of historical reproach as Nazi Germany is that its killing was carried out in the furtherance of various causes — absolute economic equality, the preservation of a dictatorship, the collectivization of agriculture — that are not commonly considered to exist on the same moral plane as a theory of racial superiority. “In Stalinism mass murder could never be anything more than a successful defense of socialism, or an element in a story of progress toward socialism; it was never the political victory itself,” Snyder explains.
  • Academics, journalists and political leaders in this region, particularly in the Baltic states, have put forward a “double genocide” approach to understanding this period of European history, which, unlike the more nuanced take of Snyder (who, while placing the Stalinist and Nazi regimes alongside each other as subjects of historical inquiry, does not equate them in terms of moral depravity), is explicitly political.
  • Snyder reports that the Nazis deliberately killed upwards of eleven million; for the Soviets during the Stalin period the figure was between six and nine million. On the Soviet side, these numbers are far less than what had originally been believed, due to the opening of Eastern European and Soviet archives in the twenty years since the dissolution of the Soviet Union.
  • This historical airbrushing amounts to “Holocaust obfuscation,” in the words of the academic Dovid Katz, which, he writes, “tries to reduce all evil to equal evil, in effect to confuse the issue in order to write the inconvenient genocide that is the Holocaust out of history as a distinct category.” Last year, for instance, the Lithuanian government passed a law making it illegal to deny that the actions of the Soviet Union in Lithuania constitute “genocide,” as it is illegal to deny the Holocaust.
  • But his acknowledgement that the period of 1933 to 1945 was marked by several genocides, rather than a single one, does not lead him to promote the “double genocide” theory. Snyder has written elsewhere that “The mass murder of the Jews was, indeed, unprecedented in its horror; no other campaign involved such rapid, targeted and deliberate killing, or was so tightly bound to the idea that a whole people ought to be exterminated.” It is morally specious to compare the Jewish Holocaust to the Soviet “genocide” of Balts or Poles or Ukrainians, awful as the experiences of these peoples were, because of the inherently different nature of the methods the Soviet and Nazi regimes used against their subject populations. The Soviet Union had many local collaborators throughout its occupied and satellite territories. And while the Nazis also had collaborators during their occupation of the Baltic States, there was never any room for a Jewish collaborator in the Nazi project.
  • Though Stalin’s murder campaigns were, in many cases, predicated on ethnic antagonism, the difference is that the Soviets did not exterminate for extermination’s own sake. Once Stalin’s discrete policies had been achieved (the collectivization of Ukrainian farms, for instance), the mass murder stopped, and the Soviet Union eventually wound down its widescale deportations and mass killings in the mid- 1950s. Had Hitler’s  regime, with its animalistic understanding of human nature, lasted beyond 1945, its mass murder and terror would not have decreased. For these tactics were not just means but ends; they were the very lifeblood, the weltanschauung, of nazism itself.
  • The crucial factor one must consider in evaluating these two strains of totalitarianism is their competing long-term visions, and the policies that were required to execute them. Classifying Stalin’s various murder campaigns (alongside Nazi policies towards Roma, gays, educated Poles and Soviet citizens in Belarus and Ukraine) as “genocides,” which Snyder does, while also singling out the Holocaust as the worst of them all, is not mutually exclusive.
  • Bloodlands is an incredibly original work. It seeks to redirect our understanding of the Holocaust as primarily an eastern phenomenon, and one which took place among a spate of mass killing policies. When popular interest in the Holocaust and an “international collective memory” of it began to form in the 1970s and 1980s, it focused almost exclusively on the experience of German and West European Jews, the wealthiest and most assimilated on the continent, who died in far smaller numbers than did the Jews of Poland, Belarus, and the Baltic States, who were nearly eradicated. “Deprived of its Jewish distinctiveness in the East, and stripped of its geography in the West, the Holocaust never quite became part of European history,”
Javier E

When She Talks, Banks Shudder - NYTimes.com - 0 views

  • Companies other than banks get money mostly by selling shares to investors or by reinvesting profits. Banks, by contrast, can rely almost entirely on borrowed funds, including the money they get from depositors.
  • Banking is the only industry subject to systematic capital regulation. Borrowing by most companies is effectively regulated by the caution of lenders. But the largest lenders to banks are depositors, who generally have no reason to be cautious because federal deposit insurance guarantees repayment of up to $250,000 even if the bank fails. This means the government, which takes the risk, must also impose the discipline.
  • Her solution is to make banks behave more like other companies by forcing them to reduce sharply their reliance on borrowed money. That would likely make the banking industry more stodgy and less profitable — reducing the economic risks, the executive bonuses and, for shareholders, both the risks and the profits.
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  • “My comparison is to speed limits,” Ms. Admati said in an interview near the Stanford campus. “Basically what we have here is the market has decided nobody else should be driving faster than 70 miles an hour and these are the biggest trucks with the most explosive cargo and they are driving at almost 100 miles an hour.”
  • “At one level, the story on capital and liquidity ratios is very simple: From the viewpoint of the stability of the financial system, more of each is better,” he said. But the United States, he said, was constrained by practicality. If other countries aren’t willing to impose stricter capital requirements on their own banks — and they don’t appear to be — then unilateral increases would hurt the American banking industry and the broader economy.
  • “If you lower the speed limit on one highway, you’ll have fewer accidents on that highway,” he said. “But the other road will just get more crowded.”
  • Ms. Admati compares this logic to letting American manufacturers pollute so that they can compete more effectively with companies in China.
  • banks continue to rely on debt financing far more than other kinds of corporations. Last year, the eight largest American banks together derived less than 5 percent of their funding from shareholders, according to Thomas M. Hoenig, vice chairman of the Federal Deposit Insurance Corporation. The average equity financing for nonfinancial corporations was about 60 percent.
  • Ms. Admati argues that banks are taking larger risks than other kinds of companies because they use other people’s money, and the results are that they keep crashing the economy.
  • The industry’s more serious argument is that equity is more expensive than debt. If governments require banks to raise more equity, the industry warns, the results would be higher interest rates, less lending and slower economic growth.
  • an increase of 10 percentage points in capital requirements would raise interest rates by 0.25 to 0.45 percentage points.
  • This, in the view of Ms. Admati, is a small price to pay for fewer crises. She notes that debt is cheaper than equity largely because of government subsidies — not just deposit insurance but also tax deductions for interest payments on other kinds of debt — so more equity would basically transfer costs from taxpayers to banks
  • the economic impact may well be positive. A study last year by Benjamin H. Cohen, an economist at the Bank for International Settlements, found that banks with more capital tended to make more loans.
  • Ms. Admati says large banks should be required to raise at least 30 percent of their funding in the form of equity, about six times more than the current average for the largest American banks.
  • she says, banks should be required to suspend dividend payments, thus increasing their equity by retaining their profits, until they are sufficiently capitalized.
  • She freely concedes that there is no particular science behind her 30 percent equity figure. The point, she says, is that 5 percent is the wrong ballpark. The proper baseline, in her view, is what the market imposes on other kinds of companies.
  • “We have too much belief that we can be precise,” she said. “I don’t mean 20 percent. I don’t mean 30 percent. I mean add a digit. I mean a lot more.”
dpittenger

Russia faces wave of bankruptcies - Jan. 12, 2015 - 0 views

  • Anatoly Aksakov, president of Russia's regional banking association and deputy chairman of parliament's financial markets committee, said firms were running out of cash. "Bankers believe that keeping the situation as it stands will cause a wave of bankruptcies, not only credit institutions but also a number of businesses and companies,"
  • The impact of Western sanctions imposed over Russia's actions in Ukraine has sparked a cash crunch by shutting many companies out of international funding markets.
  • "Banks may need up to ... $45 billion in capital in 2015 to support lending and absorb credit losses, and another ... $11.5 billion to address foreign exchange valuation losses," wrote credit specialist Tatiana Tchembarova.
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  • It burned through more than $120 billion in foreign currency supplies last year. It now has $388.5 billion left in total international reserves, including gold and other liquid foreign assets.
Javier E

Are Americans Really Champions of Racial Equality? - The Atlantic - 0 views

  • During the early years of the study, Myrdal also began to give thought to the way that he would synthesize this mountain of information into a final manuscript of his own. Since the goal of the project was to produce a solution to the race problem, he took particular note of the group of Americans he thought had power to effectuate change in the country: elite, white northerners. He hypothesized that these Americans viewed the race problem as a conflict between actual practice and the “the American state religion” of justice, equality, and freedom. He intended to write a manuscript with their value system in mind. He hoped to motivate them to abandon all the forms of racial discrimination that he planned to outline in the book.
  • In writing Contact with America, they set out to disprove stereotypes about the United States that their fellow countrymen seemed to hold. In particular, they sought to explain that the U.S. was not just a heterogeneous group of people who treated racial minorities (particularly black Americans) as cruelly as Germans treated Jews. Rather, Americans (like Swedes) were a common folk united by egalitarian national ideals. They argued that, unlike Germans who discriminated against Jews, Americans were a morally conscious people who sought to correct their discrimination against black Americans to meet their egalitarian ideals. Americans, the couple explained, welcomed criticism of their race problem because they aspired to be a better people.
  • In 1941, the Myrdals returned to the United States and secluded themselves in Princeton, New Jersey, where Gunnar Myrdal wrote the final manuscript of the American project. Years later, he remembered the urgency they felt for writing the manuscript: “Particularly we Swedes were deeply conscious of the sufferings of young people in Europe. Many were killed in the war or became imprisoned, tortured or liquidated by the Nazis, while we were living here in beautiful Princeton. The work on the book became to us in a way our ‘war effort’ and our moral duty, where there could be no excuse for resting an hour.” By the time Myrdal returned to the United States, he viewed his American study as a war project. He would use the American Creed not only in order to motivate leading white Americans to take action, but also to present a positive image of Americans on the global stage.
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  • The first pages of An American Dilemma stated that the race problem in the United States was a moral issue: “The Negro is a ‘problem’ to the average American partly because of a palpable conflict between the status actually awarded him and those ideals.” Americans not only felt this tension, he argued, but also acted on it to create positive social change in the country. In the final chapter, he emphasized to his American readers the global significance of living up to their egalitarian ideals. However, he offered no empirical support for his conclusion that Americans experienced a moral dilemma at the sight of racial discrimination.
  • The University of North Carolina’s Campbell tested the hypothesis on nearly three hundred students at an un-disclosed public university in the South that was likely his own. “Gunnar Myrdal performed a disservice to our understanding of segregated social systems by his drastic simplification of the normative dimensions of the issue,” he concluded. “It seems apparent that the American Creed simply is not transmitted to many people as a set of values pertinent to racial issues. Further, a segregated system provides its own set of counter-norms, a rationale that justifies the system while it helps the actor in the system to compartmentalize or re-interpret the American Creed.” Yes, racial discrimination in the United States conflicted with the American Creed. And yet, Campbell’s study suggested that Americans did not necessarily experience any moral angst about the contradiction.  
  • Nevertheless, the American public embraced this image of itself. Even today, with little reflection on whether it is true or not, Americans like to echo Myrdal’s hypothesis that they belong to a people whose moral compass drives them to address racial discrimination
  • Instead of assuming, like Myrdal, that Americans will inevitably feel compelled to rectify racial discrimination to meet their egalitarian ideals, perhaps making progress on issues of race requires acknowledging that absent difficult discussions on what equality means in the U.S. and conscious organizing to bring it about, nothing will change at all.
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