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How Amazon's Long Game Yielded a Retail Juggernaut - The New York Times - 0 views

  • Shares of Jeff Bezos’s company have doubled in value so far in 2015, pushing Amazon into the world’s 10 largest companies by stock market value, where it jockeys for position with General Electric and is far ahead of Walmart.
  • The simple story involves Amazon Web Services, the company’s cloud-computing business, which rents out vast amounts of server space to other companies.
  • Deutsche Bank estimates that A.W.S., which is less than a decade old, could soon be worth $160 billion as a stand-alone company. That’s more valuable than Intel.
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  • For years, observers have wondered if Amazon’s shopping business — you know, its main business — could ever really work. Investors gave Mr. Bezos enormous leeway to spend billions building out a distribution-center infrastructure, but it remained a semi-open question if the scale and pace of investments would ever pay off. Could this company ever make a whole lot of money selling so much for so little?
  • Amazon’s retail operations had reached a “critical scale” or an “inflection point.” They meant that Amazon’s enormous investments in infrastructure and logistics have begun to pay off. The company keeps capturing a larger slice of American and even international purchases. It keeps attracting more users to its Prime fast-shipping subscription program, and, albeit slowly, it is beginning to scratch out higher profits from shoppers.
  • Now that Amazon has hit this point, it’s difficult to see how any other retailer could catch up anytime soon. I recently asked a couple of Silicon Valley venture capitalists who have previously made huge investments in e-commerce whether they were keen to spend any more in the sector. They weren’t, citing Amazon.
  • “The truth is they’re building a really insurmountable infrastructure that I don’t see how others can really deal with,”
  • Amazon also faces a wider set of competitive threats internationally. Although it has reported increasingly brisk sales in India, the company has had a difficult time breaking into the lucrative Chinese market, where Alibaba dominates the shopping scene
  • Walmart, which on Tuesday published earnings that came in slightly above analysts’ expectations, is also spending billions to slow Amazon’s roll. But Walmart said that in its latest quarter, e-commerce sales had grown only 10 percent from a year ago. Amazon’s retail sales rose 20 percent during the same period.
  • What has been key to this rise, and missing from many of his competitors’ efforts, is patience. In a very old-fashioned manner, one that is far out of step with a corporate world in which milestones are measured every three months, Amazon has been willing to build its empire methodically and at great cost over almost two decades, despite skepticism from many sectors of the business world.
  • Amazon has built more than 100 warehouses from which to package and ship goods, and it hasn’t really slowed its pace in establishing more. Because the warehouses speed up Amazon’s shipping, encouraging more shopping, the costs of these centers is becoming an ever-smaller fraction of Amazon’s operations.
  • Amazon’s investments in Prime, the $99-a-year service that offers free two-day shipping, are also paying off. Last year Mr. Bezos told me that people were increasingly signing up for Prime for the company’s media offerings
  • Mr. Schachter, of Macquarie Securities, estimates that there will be at least 40 million Prime subscribers by the end of this year, and perhaps as many as 60 million, up from an estimated 30 million at the beginning of 2015
  • he predicted that by 2020, 50 percent of American households will have joined Prime, “and that’s very conservative,” he said.
  • its operating margin on the North American retail business was 3.5 percent, while Amazon Web Services’s margin was 25 percent.
  • “retail gross profit dollars per customer” — a fancy way of measuring how much Amazon makes from each shopper — has accelerated in each of the last four quarters, in part because of Prime. Amazon keeps winning “a larger share of customers’ wallets,” the firm said, eventually “leading to a period of sustained, rising profitability.”
  • “The thing about retail is, the consumer has near-perfect information,” said Paul Vogel, an analyst at Barclays. “So what’s the differentiator at this point? It’s selection. It’s service. It’s convenience. It’s how easy it is to use their interface. And Amazon’s got all this stuff already. How do you compete with that? I don’t know, man. It’s really hard.
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The Vatican Is Talking About Clerical Abuse, but Italy Isn't. Here's Why. - The New Yor... - 0 views

  • cultural ties to the church are still strong
  • Festivities for a city’s patron saint sweep up citizens, churchgoers or not, and some 8,000 church-run oratories throughout Italy offer after-school programs and other activities for children. The heroes of two of the most popular shows on Italy’s national broadcaster are a priest and a nun
  • “Italians tend to know their parish priest, so if they hear of an abuse case somewhere they say, ‘Yes, it’s horrendous, but our priest is not like that,’
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  • Survivors accuse the government and the judiciary, which has been slow to investigate clerical abuse cases, of silence on the issue. Prosecutors have often said that their hands are tied by expired statutes of limitations.
  • Italian politicians vie to stay on the good side of the Vatican. Same-sex civil unions were approved only in 2016, and the final draft was watered down. Italy still has one of the most restrictive laws in Europe on medically assisted fertility.
  • When Pope Francis acknowledged for the first time this month that sexual abuse of nuns by priests and bishops had been a persistent problem, reporters from around the world knocked on the door of Lucetta Scaraffia, whose article in Women Church World, a magazine distributed with the Vatican’s newspaper, had cast a spotlight on the problem
  • “Incredibly, not one Italian newspaper” came to interview her, Ms. Scaraffia said. “Because in Italy there is a fear of upsetting the church.”
  • Some analysts who say Pope Francis has been slow to respond to the abuse crisis point to the fact that he is surrounded by Italian advisers in an essentially Italian bureaucracy, in the heart of Italy.
  • “That is part of the Vatican bubble in which Pope Francis operates,”
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How you slow down a wannabe authoritarian - The Washington Post - 0 views

  • "I can tell you I have the support of the police, the support of the military, the support of the Bikers for Trump — I have the tough people, but they don’t play it tough — until they go to a certain point, and then it would be very bad, very bad.”
  • You could imagine Venezuela’s Nicolás Maduro or Turkey’s Recep Tayyip Erdogan saying something like this. It’s not a stretch to say that Benito Mussolini would toss words like this aroun
  • President Trump’s bully-boy threat shows the lengths to which he would go (or contemplate going) to keep power and his disdain for the foundational principles of democracy. And that Republican pundits, donors, think-tankers and lawmakers would not be horrified and consider such comments disqualifying suggests that the survival of our democracy depends on the GOP’s convincing defeat in 2020.
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  • the strong bipartisan vote would be support for the proposition that the courts must halt the president’s usurpation of congressional authority, which the National Emergencies Act never contemplated.
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For Two Months, I Got My News From Print Newspapers. Here's What I Learned. - The New Y... - 0 views

  • In January, after the breaking-newsiest year in recent memory, I decided to travel back in time. I turned off my digital news notifications, unplugged from Twitter and other social networks, and subscribed to home delivery of three print newspapers — The Times, The Wall Street Journal and my local paper, The San Francisco Chronicle — plus a weekly newsmagazine, The Economist.
  • I have spent most days since then getting the news mainly from print, though my self-imposed asceticism allowed for podcasts, email newsletters and long-form nonfiction (books and magazine articles). Basically, I was trying to slow-jam the news — I still wanted to be informed, but was looking to formats that prized depth and accuracy over speed.
  • It has been life changing. Turning off the buzzing breaking-news machine I carry in my pocket was like unshackling myself from a monster who had me on speed dial, always ready to break into my day with half-baked bulleti
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  • Most of all, I realized my personal role as a consumer of news in our broken digital news environment.
  • And I’m embarrassed about how much free time I have — in two months, I managed to read half a dozen books, took up pottery and (I think) became a more attentive husband and father.
  • Now I am not just less anxious and less addicted to the news, I am more widely informed
  • We have spent much of the past few years discovering that the digitization of news is ruining how we collectively process information. Technology allows us to burrow into echo chambers, exacerbating misinformation and polarization and softening up society for propaganda.
  • With artificial intelligence making audio and video as easy to fake as text, we’re entering a hall-of-mirrors dystopia, what some are calling an “information apocaly
  • the experiment taught me several lessons about the pitfalls of digital news and how to avoid them.
  • I distilled those lessons into three short instructions, the way the writer Michael Pollan once boiled down nutrition advice: Get news. Not too quickly. Avoid social.
  • The Times has about 3.6 million paying subscribers, but about three-quarters of them pay for just the digital version. During the 2016 election, fewer than 3 percent of Americans cited print as their most important source of campaign news; for people under 30, print was their least important source.
  • What do you get for all that dough? News. That sounds obvious until you try it — and you realize how much of what you get online isn’t quite news, and more like a never-ending stream of commentary, one that does more to distort your understanding of the world than illuminate it.
  • On social networks, every news story comes to you predigested. People don’t just post stories — they post their takes on stories, often quoting key parts of a story to underscore how it proves them right, so readers are never required to delve into the story to come up with their own view.
  • the prominence of commentary over news online and on cable news feels backward, and dangerously so. It is exactly our fealty to the crowd — to what other people are saying about the news, rather than the news itself — that makes us susceptible to misinformation.
  • Real life is slow; it takes professionals time to figure out what happened, and how it fits into context. Technology is fast. Smartphones and social networks are giving us facts about the news much faster than we can make sense of them, letting speculation and misinformation fill the gap.
  • I was getting news a day old, but in the delay between when the news happened and when it showed up on my front door, hundreds of experienced professionals had done the hard work for me.
  • I was left with the simple, disconnected and ritualistic experience of reading the news, mostly free from the cognitive load of wondering whether the thing I was reading was possibly a blatant lie.
  • One weird aspect of the past few years is how a “tornado of news-making has scrambled Americans’ grasp of time and memory,” as my colleague Matt Flegenheimer put it last year. By providing a daily digest of the news, the newspaper alleviates this sense. Sure, there’s still a lot of news — but when you read it once a day, the world feels contained and comprehensible
  • What’s important is choosing a medium that highlights deep stories over quickly breaking ones.
  • And, more important, you can turn off news notifications. They distract and feed into a constant sense of fragmentary paranoia about the world
  • Avoid social.This is the most important rule of all. After reading newspapers for a few weeks, I began to see it wasn’t newspapers that were so great, but social media that was so bad.
  • The built-in incentives on Twitter and Facebook reward speed over depth, hot takes over facts and seasoned propagandists over well-meaning analyzers of news.
  • for goodness’ sake, please stop getting your news mainly from Twitter and Facebook. In the long run, you and everyone else will be better off.
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Japan's Endless Search for Modernity - The Atlantic - 0 views

  • Since the morning of January 3, 1868, Japan has struggled to answer one question: What does it mean to be modern and Japanese? It was on that date that a group of mid-level samurai and imperial courtiers announced the formation of a new government to be ruled by the 16-year old Meiji emperor, thus ending two-and-a-half centuries of control by the Tokugawa samurai family.
  • several generations of growth and development have not erased the feeling that Japan remains in the midst of a transformation pitting tradition against modernity.
  • Perhaps even more so today, 25 years since their economy cratered, Japanese people question what kind of society they want, how much to incorporate Western concepts of individualism, how much capitalist disruption to permit, and how to deal with the threat posed by hostile foreign countries—the same questions unleashed by the events of 1868.
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  • The Meiji Restoration upended centuries of domestic stability that began in 1600, following a century of civil war.
  • By the late 19th century, this carefully calibrated system was coming apart. Under the Tokugawas, Japan developed a thriving domestic economy. But over time, merchants gained the upper hand, and many samurai, who received their pay in rice, found themselves impoverished by the shift to a cash-based economy.
  • Into this fervid environment sailed the American Commodore Matthew Perry, who was dispatched to Japan in 1853 to compel it to allow U.S. ships to land at Japanese ports.
  • In these early post-feudal years, Japanese thinkers struggled to locate their country in a world that had suddenly and dramatically expanded.
  • While remaining a largely culturally conservative nation, Japan’s commitment to democracy, the rule of law, gender equality, and the like, places it firmly in the camp of liberal nations.
  • Yet a slow move towards greater political participation was inevitable, presaged by the growth of parties and the slow expansion of male-only suffrage
  • All this disrupted Japan’s social, economic, and political fabric. The Meiji legal codes limited individual rights and treated persons as subordinate parts of legal family units, while the demise of the feudal economic system led to the rise of rural landlords, who effectively kept large swathes of the populace as tenant farmers. The government captured religion, creating a centralized State-Shinto apparatus that glorified the emperor and subordinated his subjects to a mission civilisatrice that pulled the rest of Asia into a Japanese-dominated modernity.
  • The end of World War II and the retribution visited upon Japanese militarists unleashed a second wave of socioeconomic and political dislocation. The triumphant Americans, occupying the islands for seven years after the war, enforced universal suffrage and breathed new life into a socialist movement that had been suppressed before the war. They ensured universal education for females as well as males. The Meiji law codes were rewritten to place the individual, not the family, as the central unit of society, and the great landlords were dispossessed of their rural holdings, allowing tenant farmers to buy land. Perhaps most significantly, the emperor was stripped of his semi-divinity, and allowed to continue only as a constitutional figurehead. While arguments about whether the Americans went too far in restraining the Japanese elite persist, the extraordinary liberation that took place in the post-war years is undeniable.
  • Considerable uncertainty over national and individual identity in Japan was subordinated to the project of post-war rebuilding. The country soon became the engine for the new Asian workshop of the world and its second-largest economy by the late 1970s. Yet all that collapsed in 1989, when the asset-price bubble burst, sending Japan into a generation-long stagnation from which it has yet to recover. Now surpassed by China in size, strength, and influence, Japan again finds itself facing nations more powerful than itself and questioning where it goes from here. Its unprecedented demographic decline raises questions about how it will keep its economy going, not to mention how the state will pay for its generous entitlement programs, which cost over $1 trillion in 2016, or how it will defend itself or exercise influence abroad.
  • Not surprisingly, it was Japan’s urban areas that most readily embraced  modernity. The elite did its best to midwife a competitive industrial economy, while simultaneously preventing real political liberalization.
  • Abe’s recent economic, political, and security efforts, are gambles that Tokyo can help provide some of the public goods that shape how a liberal, open international system is supposed to work, but to which Japan largely abstained from for 70 years after World War II. Viewed in light of the Meiji-era renovation, Japan seems once again to be trying utilize global norms to carve out a leading role abroad.Combined with his economic reforms at home, Abe appears to be betting on an alchemic reaction that transmutes Japan’s inherent insularity and domestic inefficiencies into a revitalized society, renewed national strength, and a recovered influence abroad. One hundred fifty years on from the Meiji Restoration, the renovation of Japan continues, as does the search for its modern identity.
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Why Conservatives Must Abandon Trumpocracy - The Atlantic - 0 views

  • it will require much more than Republican congressional defeats in 2018 to halt Trumpocracy. Indeed, such defeats may well perversely strengthen President Trump. Congressional defeats will weaken alternative power centers within the Republican Party. If they lose the House or the Senate or many governorships—or some combination of those defeats—then Republicans may feel all the more compelled to defend their president. The party faithful may interpret any internal criticism of Trump as a treasonable surrender to Nancy Pelosi and Chuck Schumer.
  • The more isolated Trump becomes within the American political system as a whole, the more he will dominate whatever remains of the conservative portion of that system. He will devour his party from within.
  • If conservatives become convinced that they cannot win democratically, they will not abandon conservatism. They will reject democracy.
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  • That means slowing the pace of immigration so that the existing population of the country does not feel it is being displaced and replaced. Economists will argue that a country with a slow-growing population needs more immigrants to sustain the growth of its labor force. But a population is a citizenry as well as a labor force, and when it grows slowly, it can less easily assimilate newcomers. Immigration is to natural population increase as wine is to food: a good complement, a bad substitute.
  • In the most immediate sense, that means accepting that the Affordable Care Act is here to stay, and to work to reform it so that it costs less and protects middle-class families more
  • The stability of American society depends on conservatives’ ability to find a way forward from the Trump dead end, toward a conservatism that cannot only win elections but also govern responsibly, a conservatism that is culturally modern, economically inclusive, and environmentally responsible, that upholds markets at home and U.S. leadership internationally.
  • As when they had resisted the draft in the 1960s, so now when they refused changes to Medicare, the politics of the baby boom generation were the politics of generational self-defense.
  • Here’s what those right-leaning boomers did mean by “conservatism.” If read a list of scally liberal statements like, “It is the responsibility of government to take care of people who cannot take care of themselves,” boomers became increasingly likely to deliver a stern no over the 20 years between the 1990s and the 2010s. In fact, by 2010, they had become the age cohort most likely to answer no, more so than either their elders or juniors.
  • They were the cohort most likely to attribute individual economic troubles to those individuals’ own personal failings, rather than to ill fortune, racism, or any other systemic cause.
  • The boomers had faced more competition for everything, from jobs to housing, and now faced an ominous retirement environment. If they acted like shipwreck survivors in an already overcrowded lifeboat … well, the boat really was jammed awfully tight.
  • Americans
  • “Seventy-five percent of Americans nearing retirement age in 2010 had less than $30,000 in their retirement accounts,” reported Teresa Ghilarducci of The New York Times. They would need their federal retirement benefits much more than they had anticipated back when they were younger and more liberal.
  • Then struck the financial crisis, followed by the presidency of Barack Obama. The proportion of baby boomers who called themselves “angry with government” surged from 15 percent before 2008 to 26 percent the next year. By 2011, 42 percent of baby boomers were labeling themselves “conservative,” the same percentage as the next generation up.
  • “Tea Partiers judge entitlement programs not in terms of abstract free-market orthodoxy, but according to the perceived deservingness of recipients.” Tea Partiers differentiated between those who worked (or who had worked) and those who sought something for nothing—in other words, between people as they imagined themselves and the people they imagined competing against them.
  • In a multiethnic society, economic redistribution inescapably implies ethnic redistribution.
  • Of the U.S. residents who lacked health insurance prior to the 2008 financial crisis, 27 percent were foreign born. As the Obama administration squeezed Medicare to fund the Affordable Care Act, it’s not surprising that many white boomers perceived Obamacare as a transfer of health care resources from “us” to “them”—by a president who identified with “them” and not with “us.”
  • The social scientist Robert Putnam observed with dismay in 2007 that “new evidence from the U.S. suggests that in ethnically diverse neighbourhoods residents of all races tend to ‘hunker down.’ Trust (even of one’s own race) is lower, altruism and community cooperation rarer, friends fewer.” Projects of social and economic reform crash into the reality that human beings most willingly cooperate when they feel common identity. In a society undergoing rapid demographic change, loyalties narrow.
  • Republican politicians since the 1980s had spoken a language of “hope” and “opportunity.”
  • “Believe in America!” “A new American century!” What are they talking about? wondered voters battered and bruised by the previous American century.
  • the political language of the 1980s had lost its power. The most common age for white Americans in 2015 was 55. These older white voters were more eager to protect what they had than to hustle for more. They wanted less change, not more. They cared about security, not opportunity. Protection of the status quo was what candidate Trump offered.
  • One poll found that nearly half of all white working-class voters agreed with the statement, “Things have changed so much that I often feel like a stranger in my own country.” As America has become more diverse, tribalism has intensified. The Left’s hopes for a social democratic politics founded on class without regard to race look only slightly less moribund than the think-tank conservatism of low taxes and open borders.
  • Perhaps the very darkness of the Trump experience can summon the nation to its senses and jolt Americans to a new politics of commonalit
  • Trump appealed to what was mean and cruel and shameful. The power of that appeal should never be underestimated. But once its power fades, even those who have succumbed will feel regret.
  • Those who have expressed regret will need some kind of exit from Trumpocracy, some reintegration into a politics again founded on decency.
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Democracy Is Dying by Natural Causes - Foreign Policy - 0 views

  • I have been reading the end-is-nigh books that the publishing industry has been pumping out recently like so many donuts. There’s How Democracies Die, by Steven Levitsky and Daniel Ziblatt; How Democracy Ends, by David Runciman; The People vs. Democracy, by Yascha Mounk; and On Tyranny, by Timothy Snyder.
  • You’d have to go back more than a century, to the 15 years before World War I, to find another moment when so many leading thinkers — Herbert Croly, Walter Weyl, Nicholas Murray Butler, and others — questioned democracy’s future. But at the time, nations had not yet surrendered to ideological totalitarianism. Whatever America and the West might have been plunging toward then was much less terrifying than it is today.
  • The most obvious and dismal analogy to our current moment is 1933. That is the premise of Snyder’s book
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  • just as Pascal argued that we’re better off betting on God’s existence than not, because the consequences are so much worse if we wrongly disbelieve than if we wrongly believe, so we’d be foolish to think, as the Germans did, “it can’t happen here.”
  • The problem with the Pascal analogy is that there are very real, and sometimes ruinous, consequences to betting on the unspeakable.
  • Is it really 1933? Donald Trump would plainly like to be an authoritarian, and some fraction of his supporters would egg him on if he began dismantling key institutions. Fortunately, Trump has neither a plan nor the evil gifts required to sustain one.
  • What’s more, American institutions are far stronger than those of any European country in the 1930s. Levels of political violence are much lower.
  • Levitsky and Ziblatt (let’s call them L & Z for short) also scare us with tales from the fascist past. But the story they tell is one of a sapping of faith slow enough that it may pass unnoticed at the time.
  • L & Z make what seems to me a very important contribution to our understanding of why we’re heading wherever it is we’re heading. Functioning democracies, they argue, depend on two norms: mutual tolerance and forbearance.
  • The first, and more obvious, entails according legitimacy to our opponents. The populist hatred for elites has made this principle feel as archaic as the code of the World War I flying ace
  • Forbearance is a more elusive idea; L & Z describe it as the principled decision not to use all the powers at one’s disposal — to eschew “constitutional hardball.”
  • This, then, is how democracies die: through the slow erosion of norms that underpin democratic institutions
  • Maybe the something that is dying is not “democracy.” According to Yascha Mounk, who is on the faculty at Harvard just like L & Z, democracy, understood as a political system designed to assure majority rule, is doing just fine, indeed all too well; what is under threat are the values we have in mind when we speak of “liberal democracy.”
  • populist parties across Europe. What these parties have in common, he writes, is an eagerness to seize on majoritarian mechanisms — above all, the ballot — in order to promote a vision hostile to individual rights, the rule of law, respect for political and ethnic minorities, and the willingness to seek complex solutions to complex problems
  • This is illiberal democracy.
  • Liberal principles are not intrinsically majoritarian.
  • Mounk concludes that liberal democracy flourished under three conditions: a mass media that filtered out extremism; broad economic growth and social mobility; and relative ethnic homogeneity. All three of those solid foundations have now crumbled away. And as they have done so, illiberal democracy and undemocratic liberalism have increasingly squared off against each other
  • Mounk says that the time has come to reconsider the shibboleth that liberal democracies become “consolidated,” and are no longer at risk of backsliding, after two consecutive peaceful exchanges of power. Poland and Hungary, he observes, are “deconsolidating” into illiberal democracies before or eyes.
  • I wonder if, in fact, failures of liberalism and of democracy are reinforcing each other. Determined minorities have increasingly learned how to prevent majorities from turning their will into legislation. In the United States, this takes the form of business interests or groups like the NRA using their financial muscle to block popular legislation, and to advance their own interests.
  • Runciman questions the premise of “modernization theory” that democracy is the end point of political development. Perhaps democracies, like all things made by men, are mortal objects that age and die.
  • The coup d’état is now a strictly Third World affair; advanced democracies, by contrast, become endangered in the name of preserving democracy
  • Even if Trump is as dark a force as Timothy Snyder thinks he is, Runciman writes, we’ll never have the clarity we need to fight the good fight because he and his followers will be busy defending democracy from us.
  • Western democracies have been sorely tested before, Runciman says, whether in Europe in the 1930s or the United States in the populist era at the turn of the 20th century. But democracy was then young; the system had “slack,” as Runciman puts it. Democracies could respond to economic crisis by growing new capacities for state intervention. Now, Runciman hypothesizes, democracy is in “middle age.” The era of shape-shifting mutation lies in the past
  • If it is true, as Thomas Piketty argues in Capital in the Twenty-First Century, that a brief and aberrational era of relative equality has now given way to the capitalist default of extreme inequality, does democracy have the capacity to change the rules in order to more justly distribute the fruits of enterprise? Probably not, says Runcima
  • Runciman thinks that perfectly rational citizens might choose an alternative to democracy.
  • For example, today’s pragmatic, non-ideological authoritarianism offers “personal benefits” like shiny consumer products, and “collective dignity” in the form of aggressive nationalism. That accounts for the appeal of both Xi Jinping and Donald Trump
  • What about “epistocracy,” or rule by the knowledgeable few? Much likelier in Mill’s era, Runciman concedes, than our own.
  • Or perhaps, as all the machines in our lives learn to talk to one another, and come to treat us as just so much data, the whole idea of discrete selves, with their accompanying packet of individual liberties, will become obsolete
  • Runciman has a sufficiently low opinion of democracy’s ability to deal with really catastrophic problems like climate change that he does not shed a tear over the thought of its coming demise.
  • I have been brought up short by an observation I found in each of these works (save the Snyder pamphlet): Our good fortune depends on calamity. Runciman claims that democracies require the binding effect of all-out war to put an end to divisive populism and persuade citizens to make decisions in the public good. In the absence of war, natural disaster will do.
  • L & Z observe that mutual toleration remained an unattainable good in the United States so long as Americans were divided by the great question of race. Only when Reconstruction failed, and the Republicans abandoned black citizens, did southern Democrats fully accept their place in the Union. And when the Democrats, in turn, took up the cause of civil rights after 1948, they reignited those old racial fears and ushered in our own era of mutual intolerance
  • Now diversity threatens again: The greatest peril to liberal democracy in today’s Europe is nationalist outrage at immigration and refugees.
  • Insofar as any or all of these observations are true, we must shed our end-of-history triumphalism for a more tragic sense of liberal democracy and its prospects
  • If, that is, inequality flourishes in conditions of peace, tolerance depends upon exclusion, or diversity undermines the commitment to liberalism, our deepest values will always be at odds with one another.
  • Perhaps democratic majorities really will prove unappeasable without a real sacrifice of liberal values. That may be the destiny toward which we are plunging.
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Opinion | The Millionaires Are Fleeing. Maybe You Should, Too. - The New York Times - 0 views

  • When a country begins to fall into economic and political difficulty, wealthy people are often the first to ship their money to safer havens abroad. The rich don’t always emigrate along with their money, but when they do, it is an even more telling sign of trouble.
  • Since 2013, New World Wealth, a research outfit based in South Africa, has been tracking millionaire migrations by culling property records, visa programs, news media reports and information from travel agents and others who cater to the wealthy.
  • In a global population of 15 million people each worth more than $1 million in net assets, nearly 100,000 changed their country of residence last year.
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  • In most countries it is fair to assume that any millionaire exodus is composed mainly of locals, and not foreign investors, because the wealthy classes will be dominated by citizens or longtime residents.
  • In 2017, the largest exoduses came out of Turkey (where a stunning 12 percent of the millionaire population emigrated) and Venezuela. As if on cue, the Turkish lira is now in a free fall.
  • matched the flight from the stagnant and sanction-battered economy of Russia, which also lost 2 percent of its millionaire population.
  • Until 2016, Britain had a sizable influx of millionaires every year, but the flow suddenly reversed last year with a net exodus of 3,000, amid fears that as Britain exits the European Union, London will fade as a financial capital. It did not help that in 2017 the government raised taxes on foreigners who buy property.
  • France had long been seen as the anti-Britain, a left-leaning bastion of prying bureaucrats and high taxes that scared off the wealthy, despite the charms of Paris. But the growing exodus of millionaires peaked in 2016 with a net outflow of 12,000, then slowed sharply to just 4,000 last year.
  • Stunningly, India in 2017 suffered a net loss of 7,000 members, or 2 percent, of its millionaire population. That exodus came despite global optimism about India’s growth prospects
  • On the flip side, slowing outflows can be a welcome sign, and in 2017 the biggest shift for the better came in that caldron of anti-rich hostility, France.
  • n the worst cases, bouts of capital flight can gain momentum until the value of the currency collapses, plunging the nation into crisis. Balance of payments records show that 10 of the last 12 major currency crises, dating back to the Mexican peso meltdown of 1994, began when residents started sending money abroad, which was typically two years before the currency collapsed
  • Right now, this forensic accounting offers clear evidence of looming financial difficulty in only one major country: Turkey. Starting early last year, affluent Turks began effectively moving large sums of money out of the country
  • The losses for India, Russia and Turkey were gains for havens like Canada and Australia
  • joined lately by the United Arab Emirates. Owing largely to the stability and glitter of the most famous emirate, Dubai, the United Arab Emirates in 2017 had a net inflow of 5,000 millionaires, increasing the size of its affluent population by 6 percent, the largest gain in the world
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Earth's Food Supply Is Under Threat. These Fixes Would Go a Long Way. - The New York Times - 0 views

  • the planet’s land and water resources are so poorly used, according to a new United Nations report, that, as climate change puts ever-greater pressure on agriculture, the ability of humanity to feed itself is in peril.
  • The report, published in summary form Thursday by the Intergovernmental Panel on Climate Change, magnifies a dual challenge: how to nourish a growing global population, but do so in a way that minimizes agriculture’s carbon footprint.
  • Answering that challenge requires a huge overhaul of how we use land and water for food production
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  • it is entirely possible to grow food that’s better for us and grow it in ways that are better for the land. Better land management techniques include limiting the use of fertilizers that contribute to emissions and planting crops that add carbon to the soil.
  • The way forward, they point out, requires reducing planet-warming emissions, removing carbon from the atmosphere by storing it in trees or soil, and changing diets, especially among the world’s wealthy.
  • it also requires a hard look at who gets to eat what
  • when it comes to land use, better forest management has the “largest potential for reducing emissions.”
  • “Farming must work with nature, not against it,
  • “The I.P.C.C.’s land report puts a big question mark on the future of industrial agriculture.”
  • Scientists often refer to these as “natural climate solutions,” and they point out that sequestering carbon in the soil not only helps slow down climate change, it can also make the soil hardier to deal with extreme weather events and ultimately increase crop yields.
  • The world’s forests are under intense threat, though, especially in the tropics. They are cleared for things we consume, including soy, palm oil and beef cattle
  • Nowhere is that more stark than in the world’s largest rain forest, the Amazon. Its destruction has increased drastically since Brazil’s far-right president, Jair Bolsonaro, took power with a promise to further open the forest to commercial exploitation.
  • Livestock can be raised on lands that are too arid to grow crops, they can be fed differently so they produce lower methane emissions and they produce manure that can fertilize soil.
  • animal protein is vital nourishment for a hungry child and raising animals has been part of the culture and livelihood for millions of people around the world.
  • But if the heaviest meat eaters in places like the United States and Australia cut back on meat, especially red meat, it would make a big difference.
  • It is entirely possible to eat well without depriving ourselves. There are tips we can borrow from many traditional cuisines.
  • Taken together, the amount of food that is wasted and unused accounts for close to a 10th of global emissions.
  • Curbing food waste is arguably the single most effective thing that can be done at an individual or household level to slow down climate change.
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'Americans are waking up': two thirds say climate crisis must be addressed | Environmen... - 0 views

  • Two-thirds of Americans believe climate change is either a crisis or a serious problem, with a majority wanting immediate action to address global heating and its damaging consequences, major new polling has found.
  • Amid a Democratic primary shaped by unprecedented alarm over the climate crisis and an insurgent youth climate movement that is sweeping the world, the polling shows substantial if uneven support for tackling the issue.
  • More than a quarter of Americans questioned in the new CBS News poll consider climate change a “crisis”, with a further 36% defining it as a “serious problem”
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  • Two in 10 respondents said it was a minor problem, with just 16% considering it not worrisome at all.
  • More than half of polled Americans said they wanted the climate crisis to be confronted right away, with smaller groups happy to wait a few more years and just 18% rejecting any need to act.
  • “Americans are finally beginning waking up to the existential threat that the climate emergency poses to our society,
  • This is huge progress for our movement – and it’s young people that have been primarily responsible for that.
  • However, just 44% of poll respondents said human activity was a major contributor to climate change.
  • There is an even starker split on the findings of climate scientists. According to the CBS poll, 52% of Americans say “scientists agree that humans are a main cause” of the climate crisis, with 48% claiming there is disagreement among experts.
  • “Our own and others’ research has repeatedly found that this is a critical misunderstanding, promoted by the fossil fuel industry for decades, in order to sow doubt, increase public uncertainty and thus keep people stuck in the status quo, in a ‘wait and see’ mode.”
  • “These results also again confirm a long-standing problem, which is that many Americans still believe scientists themselves are uncertain whether human-caused global warming is happening.
  • “This remains a vitally important misunderstanding – if you believe global warming is just a natural cycle, you’re unlikely to support policies intended to reduce carbon pollution, like regulations and taxes,”
  • While nearly seven in 10 Democratic voters understand that humans significantly influence the climate and 80% want immediate action
  • just 20% of Republicans think humans are a primary cause and barely a quarter want rapid action.
  • On the science, nearly three-quarters of Democrats said almost all experts agree that humans are driving climate change, with just 29% of Republicans saying the same.
  • Younger people are far more likely to consider it a personal responsibility to address the climate crisis and to believe that a transition to 100% renewable energy is viable.
  • Young people have been galvanized by climate science being taught in schools as well as a spreading global activist movement spearheaded by Greta Thunberg
  • This generational divide even cuts across party affiliation, with two-thirds of Republican voters aged under 45 considering it their duty to address the climate crisis
  • Just 38% of Republicans aged over 45 feel the same.
  • Around three-quarters of all respondents said they understand that climate change is melting the Arctic, raising sea levels and causing warmer summers
  • Just 19% said humans can stop rising temperatures and the associated impacts, with nearly half thinking it possible to slow but not stop the changes and 23% refusing to believe humans can do anything at all
  • “By saying we should merely slow and not reverse global warming, we are passively accepting the deaths of billions of people,” said Margaret Klein Salamon, of the Climate Mobilization Project.
  • “The only thing that can protect us is an all-out, all-hands on deck mobilization, like we did during the second world war. Avoiding the collapse of civilization and restoring a safe climate should be every government’s top priority – at the national, state, and local levels.”
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Unemployment claims soared to 3.3 million last week, most in history - CNN - 0 views

  • A record number of Americans filed for their first week of unemployment benefits last week, as businesses shut down to slow the spread of the coronavirus. Initial jobless claims soared to a seasonally adjusted 3.28 million in the week ended March 21, according to the Department of Labor.
  • the coronavirus outbreak is economically akin to a major hurricane occurring in every state around the country for weeks on end
  • the key difference between the coronavirus shock compared with past periods of economic distress: it is sudden and impacts virtually every industry and business model around. As a result, economists are expecting millions of job losses in the coming weeks.
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  • Economists now expect the US economy to fall into a recession in the second quarter, before staging a comeback later in the year after the spread of the virus slows.
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Under Intense Criticism, Trump Says Government Will Buy More Ventilators - The New York... - 0 views

  • Faced with a torrent of criticism from cities and states that have been pleading for help to deal with the most critically ill coronavirus victims, President Trump announced on Friday that the federal government would buy thousands of ventilators from a variety of makers, though it appeared doubtful they could be produced in time to help hospitals that are now overwhelmed.
  • His announcement came shortly after authorizing the government to “use any and all authority available under the Defense Production Act,” a Korean War-era authority allowing the federal government to commandeer General Motors’ factories and supply chains, to produce ventilators.
  • Just 24 hours before, he had dismissed the complaints of mayors and governors who said that they were getting little of the equipment they needed for an expected onslaught of serious cases.
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  • He was essentially ordering the company to do something it had already arranged to do: G.M. announced earlier on Friday that it was moving forward with an emergency joint venture with a small manufacturer, Ventec Life Systems, even in the absence of a contract from the Federal Emergency Management Agency.
  • In a late-afternoon news conference, Mr. Trump said, “Now it turns out we will have to be producing large numbers.” He said that over the next 100 days, “we will either make or get, in some form, over 100,000 additional units,” more than three times the nation’s annual production.
  • Mr. Trump’s announcement at his coronavirus task force’s daily briefing came on a day of intensive criticism of the administration’s slow response and lack of leadership in a pandemic that has now resulted in over 1,500 deaths in the United States. More than 100,000 people here have been infected with the coronavirus, according to a New York Times database. The United States is the only country so far to hit that milestone.
  • Much of the criticism has focused on the absence of sufficient stockpiles of basic materials like masks and ventilators, and especially on the lack of urgency in organizing increased production and distribution.
  • Officials in more than 200 American cities, large and small, report a dire need for face masks, ventilators and other emergency equipment to respond to the coronavirus outbreak, according to a survey released on Friday.
  • In total, the conference tabulated that cities needed 28.5 million face masks, 24.4 million other items of personal protection equipment, 7.9 million test kits and 139,000 ventilators.
  • Roughly two-thirds of the cities said they had not received any emergency equipment or supplies from their state, the report said. And of those that did receive state aid, nearly 85 percent said it was not enough to meet their needs.
  • More than 90 percent — or 192 cities — told the conference that they did not have an adequate supply of face masks for police officers, firefighters or emergency workers. In addition, 92 percent of cities reported a shortage of test kits to diagnose who has contracted the virus — a problem Mr. Trump has said in recent days was all but solved — and 85 percent said they did not have a sufficient supply of ventilators available to health facilities.
  • In New York, the epicenter of the virus in the United States, doctors and nurses have reported that they were being forced to experiment with putting several patients on a single ventilator — a largely untested, unapproved practice that state authorities are now permitting in an effort to keep alive older adults or immunocompromised patients who could not breathe on their own.
  • “I don’t believe you need 40,000 or 30,000 ventilators,” Mr. Trump said Thursday night, discussing an urgent request from Gov. Andrew M. Cuomo of New York. “You know, you’re going to major hospitals sometimes, they’ll have two ventilators. And now, all of a sudden, they’re saying, can we order 30,000 ventilators?”
  • Mr. Trump’s abrupt change on the need for ventilators appeared to be in response to news reports that his administration had decided at the last minute not to announce a $1.5 billion contract with G.M. because of concern about the high cost and slow delivery of the machines.
  • Because Mr. Trump played down the severity of the coronavirus for much of January and February, and into the beginning of March, the White House got a late start in assessing how much equipment would be needed.
  • The White House had been preparing to unveil the G.M.-Ventec joint venture this week, and had hoped to announce that upward of 20,000 ventilators would be available in weeks, and that ultimately 80,000 would be produced. But the company complained that FEMA would not commit to spending the $250 million or so it would take to retool the factory.
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Coronavirus Slowdown in Seattle Suggests Restrictions Are Working - The New York Times - 0 views

  • Deaths are not rising as fast as they are in other states. Dramatic declines in street traffic show that people are staying home. Hospitals have so far not been overwhelmed.
  • While each infected person was spreading the virus to an average of 2.7 other people earlier in March, that number appears to have dropped, with one projection suggesting that it was now down to 1.4.
  • The researchers who are preparing the latest projections, led by the Institute for Disease Modeling, a private research group in Bellevue, Wash., have been watching a variety of data points since the onset of the outbreak. They include tens of thousands of coronavirus test results, deaths, and mobility information — including traffic patterns and the movements of anonymous Facebook users — to estimate the rate at which coronavirus patients are spreading the disease to others.
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  • “We made a huge impact — we slowed the transmission,” Seattle’s mayor, Jenny Durkan, said in an interview. She cautioned that any lifting of restrictions would bring a quick rise in new cases, and that she expected distancing requirements to continue in some form for months.
  • He said more restrictions may yet be needed, and that the state is not “within 1,000 miles of declaring victory.”
  • Washington State’s coronavirus figures have continued to grow steadily, but not as fast as other states’. The death toll has been doubling about every eight days in Washington, compared with every two or three days in New York, Michigan, New Jersey and Louisiana.
  • Ms. Durkan said the region also benefited from a robust network of researchers who were able to do early modeling to assess the reach of the virus in the community. Without that, she said, policymakers may not have taken the drastic steps to shut down the city as quickly as they did.
  • After scientists found evidence that the virus had been circulating weeks before some of the earliest cases were identified, researchers from local groups, led by the Institute for Disease Modeling, began looking at what it would take to slow the progress of the virus. On March 10, they developed projections showing that significant changes in human-to-human contact would be needed to avert hundreds more deaths by April 8.
  • Mr. Inslee warned at the time how drastically life needed to change, saying it was unacceptable for people to be crammed close together at bars and other settings; the restrictions, he said, were going to be “profoundly disturbing to a lot of the ways that we live our lives.”
  • The demographics of those workplaces, with tens of thousands of tech workers who were able to telecommute, may have given the region an early edge in keeping people separated. Perhaps the city’s social norms helped, too, as local residents have long had a reputation for keeping to themselves or within circles of longtime friends — a phenomenon often explained to newcomers as the Seattle Freeze.
  • Dr. Brueggemann projects that in the next two weeks his hospital may find itself without enough ventilators. But he said he was encouraged by what he has seen in Seattle.“A lot of us are crossing our fingers and hoping that maybe, maybe, maybe we’ve done some good here,” Dr. Brueggemann said. “We’re not ready to let our guard down.”
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White House Economists Warned in 2019 a Pandemic Could Devastate America - The New York... - 0 views

  • White House economists published a study last September that warned a pandemic disease could kill a half million Americans and devastate the economy.It went unheeded inside the administration.
  • In an interview, she said it would encompass school closures, shutting down many businesses and the sort of stay-at-home orders that many, but not all, states have imposed.“What it entails is something as drastic as you can get,”
  • Public health threats did not typically hurt the economy, Mr. Philipson said. He suggested the virus would not be nearly as bad as a normal flu season.
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  • The 2019 study warned otherwise — specifically urging Americans not to conflate the risks of a typical flu and a pandemic.
  • The existence of that warning undermines administration officials’ contentions in recent weeks that no one could have seen the virus damaging the economy as it has.
  • One of the authors of the study, who has since left the White House, now says it would make sense for the administration to effectively shut down most economic activity for two to eight months to slow the virus.
  • Government officials estimated Tuesday that the deadly pathogen could kill between 100,000 and 240,000 Americans.
  • it is unclear how the White House is tallying the potential benefits and costs — in dollar figures and human lives — of competing timetables for action.
  • The director of the National Economic Council, Larry Kudlow, told ABC News on Sunday that “it could be four weeks, it could be eight weeks” before economic activity resumes. “I say that hopefully,”
  • seeks to determine the optimal length of a national suppression of economic activity,
  • “I don’t think corona is as big a threat as people make it out to be,” the acting chairman of the Council of Economic Advisers, Tomas Philipson, told reporters during a Feb. 18 briefing, on the same day that more than a dozen American cruise ship passengers who had contracted the virus were evacuated home
  • In a best-case scenario, Ms. Scherbina concludes, a national suppression of economic activity to flatten the infection curve must last at least seven weeks.
  • In a worst case, where the shutdown proves less effective at slowing the rate of new infections, it would be economically optimal to keep the economy shuttered for nearly eight months.
  • Suppression efforts inflict considerable damage on the economy, reducing activity by about $36 billion per week, the study estimates. Ms. Scherbina said the optimal durations would remain largely unchanged even if the weekly damage was twice that high.
  • But the efforts would save nearly two million lives when compared with a scenario in which the government did nothing to suppress the economy and the spread of the virus
  • doing nothing would impose a $13 trillion cost to the economy — equal to about two-thirds of the amount of economic activity that the United States was projected to generate this year
  • Ms. Scherbina based her estimates on the models she built when she was a senior economist at the Council of Economic Advisers and the lead author of the September paper, “Mitigating the Impact of Pandemic Influenza Through Vaccine Innovation,
  • The 2019 White House study called for new federal efforts to speed up the time it takes to develop and deploy new vaccines
  • At even the highest rates it modeled, the pandemic flu in the exercise was still less contagious and less deadly than epidemiologists now say the coronavirus could be in the United States
  • It assigned a value of $12.3 million per life for Americans between the ages of 18 and 49, compared with $5.3 million for those 65 and over.
  • Mr. Philipson, whose academic specialty is health economics, was the acting head of the council when the September report was published
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Rhode Island coronavirus: State is looking for New Yorkers to slow the spread of the vi... - 0 views

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  • Rhode Island's governor said Friday that law enforcement officers will stop cars and knock on doors in coastal communities to identify people who've been to New York state, joining other states in restricting the movements of out-of-state visitors to slow the spread of coronavirus.
  • Police began monitoring highways at noon Friday and may pull over individuals with New York state license plates to ask the same questions, particularly on the base of the Newport Bridge, Raimondo said.
  • "I feel bad that New York is getting such a bad rap sheet when it's really all over the place, you know, it shouldn't be that way, but unfortunately right now we have a lot of cases," Koppie told WPRI. She said she was planning to return home the same day.
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  • All individuals who have traveled to New York have already been ordered to self-quarantine for 14 days. These added measures will make sure law enforcement identifies individuals who should be following the self-quarantine order, said the governor, a Democrat.
  • New York is coronavirus epicenter in the US, with more than 52,300 cases and at least 728 deaths as of Saturday, according to CNN's state-by-state count.
  • Rhode Island has more than 239 cases with two deaths as of Saturday.
  • "I've got my hands full here with responding to this crisis and I'm not going to second guess or criticize what other governors are doing or not doing," Edwards said.
  • Earlier in the week, DeSantis said he would expand his executive order mandating a 14-day self-isolation period for travelers coming to Florida from airports in New York, New Jersey and Connecticut.
  • The governor said he would have to look at what it would take to shut the border.
  • In New Mexico, Gov. Lujan Grisham on Friday ordered that everyone traveling by air into New Mexico self-quarantine for 14 days immediately upon arrival. Under the state's emergency order, people will only be allowed to leave quarantine for medical care
  • In Kansas, the government said any travelers from Colorado and Louisiana must self-quarantine when they arrive in the state.
  • Kansas has already placed self-quarantine requirements on travelers from Florida, Washington, California, New York, New Jersey and Illinois.
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With Broad, Random Tests for Antibodies, Germany Seeks Path Out of Lockdown - The New Y... - 0 views

  • Mr. Germann and his girlfriend joined 3,000 households chosen at random in Munich for an ambitious study whose central aim is to understand how many people — even those with no symptoms — have already had the virus, a key variable to make decisions about public life in a pandemic.
  • The study is part of an aggressive approach to combat the virus in a comprehensive way that has made Germany a leader among Western nations figuring out how to control the contagion while returning to something resembling normal life.
  • Other nations, including the United States, are still struggling to test for infections. But Germany is doing that and more. It is aiming to sample the entire population for antibodies in coming months, hoping to gain valuable insight into how deeply the virus has penetrated the society at large, how deadly it really is, and whether immunity might be developing.
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  • The government hopes to use the findings to unravel a riddle that will allow Germany to move securely into the next phase of the pandemic: Which of the far-reaching social and economic restrictions that have slowed the virus are most effective and which can be safely lifted?
  • Other countries like Iceland and South Korea have tested broadly for infections, or combined testing with digital tracking to undercut the spread of the virus. But even the best laid plans can go awry; Singapore attempted to reopen only to have the virus re-emerge.
  • President Trump is in a hurry to restart the economy in an election year, but experts warn that much wider testing is needed to open societies safely.
  • Both Britain and the United States, where some of the first tests were flawed, virtually forfeited the notion of widespread testing early in their outbreaks and have since had to ration tests in places as they scramble to catch up
  • Germany, which produces most of its own high-quality test kits, is already testing on a greater scale than most — 120,000 a day and growing in a nation of 83 million.
  • Merkel, a trained scientist, said this week that the aim was nothing less than tracing “every infection chain.”
  • Every 10 people infected with the virus now pass it to seven others — a sharp decline in the infection rate for a virus that has spread exponentially.
  • The generosity and solidarity on such striking display inside of Europe’s largest and richest economy have been missing in Germany’s response to poorer European nations in the south, which were hit hardest by the virus.
  • the chancellor’s mixture of calm reassurance and clear-eyed realism — as well as her ability to understand the science and explain it to citizens — has been widely praised and encouraged Germans to follow social distancing rules. Her approval ratings are now higher than 80 percent.
  • That broad confidence in government has given Germany a tremendous advantage. It is much of the reason a knock on the door by a police officer and strangers dressed like aliens asking for blood can engender good will rather than alarm
  • Nationally, the Robert Koch Institute, the government’s central scientific institution in the field of biomedicine, is testing 5,000 samples from blood banks across the country every two weeks and 2,000 people in four hot spots who are farther along in the cycle of the disease.
  • Its most ambitious project, aiming to test a nationwide random sample of 15,000 people across the country, is scheduled to begin next month.
  • “In the free world, Germany is the first country looking into the future,”
  • “We are leading the thinking of what to do next.”
  • In Gangelt, a small town of about 12,000 in northwest Germany, tests of a first group of 500 residents found that 14 percent had antibodies to the virus. Another 2 percent tested positive for the coronavirus, raising hopes that about 15 percent of the local population may already have some degree of immunity.
  • “The process toward reaching herd immunity has begun,”
  • t may hold valuable insights for places that lag behind as the pandemic runs its course.
  • The mortality rate in the town, for example, turned out to be 0.37 percent, much lower than the national rate of 2.9 percent which is calculated based only on detected infections.
  • “We are at a crossroads,” said Mr. Hoelscher, the professor. “Are we going the route of loosening more and increasing immunity in the summer to slow the spread of this in the winter and gain more freedom to live public life? Or are we going to try to minimize transmissions until we have a vaccine?
  • “This is a question for politicians, not for scientists,” he added. “But politicians need the data to make an informed risk assessment.”
  • “I thought to myself if we’re going into lockdown, we need to start working on an exit strategy now,”
  • The next day, he said he wrote a short pitch to the Bavarian government. Six hours later, he had the green light. It took another three weeks until the test kits had arrived, a new lab was opened and teams of medics started fanning out across the city.
  • Six days after they first rung his doorbell, a doctor and two medical students came back to Mr. Germann’s apartment, household number 420 out of 3,000.They put on disposable protection suits, gloves and goggles and one of them sat down on a plastic stool they had brought along to take a small vial of his blood. Then they removed and bagged their suits, disinfected the stool and any surface they had touched and left. It took all of 10 minutes.
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Trump's war on pragmatism - The Washington Post - 0 views

  • We Americans have always fancied ourselves practical, can-do people who put old feuds aside when faced with a big collective problem.
  • it’s no accident that one of the United States’ great contributions to philosophy is William James’s theory of pragmatism. Our bias is toward ideas that work and innovation by way of trial and error.
  • This tradition acknowledges that we often have multiple goals. In the coronavirus crisis, this means beating the pandemic and getting the economy humming again.
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  • President Trump is failing because he has abandoned our commitments to favoring problem-solving over ideological posturing and to acting nationally in the face of looming catastrophe.
  • Instead of rallying the resources required for a nationally organized testing program, Trump told the nation’s governors that the federal government will “be standing alongside of you.”
  • Having thrown the burden of resolving the crisis on those governors, Trump might at least have encouraged his own supporters to back off their reflexive opposition to a gradual and considered approach to economic recovery
  • Instead, Trump championed the extremists who continued their marches on several state capitals over the weekend demanding an abrupt and reckless end to the temporary shutdowns that have slowed the virus’s spread
  • Why? “They seem to be protesters that like me,” he said gleefully.
  • Considering this lack of leadership, what would a William James pragmatist do?
  • Virtually everyone except for Trump and his apologists understands the obvious: Reopening the economy requires, first, a national commitment to a robust testing program fully backed by the federal government
  • “Even if the government-imposed social distancing rules are relaxed to encourage economic activity, risk-averse Americans will persist in social distancing, and that behavior, too, will restrain the hoped-for economic rebound,
  • Those who shout for opening the economy in the name of freedom don’t think much about the freedom of workers to protect themselves from a potentially deadly disease. And employers do not want to find themselves facing legal liabilities for infected employees.
  • If the economy is substantially reopened without adequate testing, said Thea Lee, president of the Economic Policy Institute, the most vulnerable would include “low-wage workers, women, people of color, immigrants, and the elderly.” They are “concentrated in the riskiest jobs, with the least financial cushion, and the least likely to have employer-provided benefits or protections,”
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Italy, Pandemic's New Epicenter, Has Lessons for the World - The New York Times - 0 views

  • Governments beyond Italy are now in danger of following the same path, repeating familiar mistakes and inviting similar calamity. And unlike Italy, which navigated uncharted territory for a Western democracy, other governments have less room for excuses.
  • But tracing the record of their actions shows missed opportunities and critical missteps.
  • In the critical early days of the outbreak, Mr. Conte and other top officials sought to down play the threat, creating confusion and a false sense of security that allowed the virus to spread.
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  • They blamed Italy’s high number of infections on aggressive testing of people without symptoms in the north, which they argued only created hysteria and tarnished the country’s image abroad.
  • Even once the Italian government considered a universal lockdown necessary to defeat the virus, it failed to communicate the threat powerfully enough to persuade Italians to abide by the rules, which seemed riddled with loopholes.
  • Still, he acknowledged that the health minister had struggled to persuade his government colleagues to move more quickly and that the difficulties of navigating Italy’s division of powers between Rome and the regions resulted in a fragmented chain of command and inconsistent messages.
  • For the coronavirus, 10 days can be a lifetime.
  • Politicians across the spectrum worried about the economy and feeding the country, and found it difficult to accept their impotence in the face of the virus.
  • Most importantly, Italy looked at the example of China, Ms. Zampa said, not as a practical warning, but as a “science fiction movie that had nothing to do with us.” And when the virus exploded, Europe, she said, “looked at us the same way we looked at China.”
  • A day later, on March 9, when the positive cases reached 9,172 and the death toll climbed to 463, Mr. Conte toughened the restrictions and extended them nationally.
  • But he also had not had any direct contacts with China, and experts suspect he contracted the virus from another European, meaning Italy did not have an identifiable patient zero or a traceable source of contagion that could help it contain the virus.
  • The virus had already been active in Italy for weeks by that time, experts now say, passed by people without symptoms and often mistaken for a flu
  • “Who we call ‘Patient One’ was probably ‘Patient 200,’ ” said Fabrizio Pregliasco, an epidemiologist.
  • Mr. Fontana, who had been pressing the central government for tougher action, agreed. He said that the mixed messages from Rome and the easing of restrictions had led Italians to believe “that everything was a joke, and they kept living as they used to.”
  • “They were convinced that the situation was less serious and they did not want to hurt our economy too much,”
  • the nation became divided between those who saw the threat and those who didn’t.
  • some regional governors independently ordered people coming from the newly locked-down area to self quarantine. Others didn’t.
  • Mr. Ricciardi said Italy had the bad luck of having a super spreader in a densely populated and dynamic area who went to the hospital not once, but twice, infecting hundreds of people, including doctors and nurses.“He was incredibly active,” Mr. Ricciardi said.
  • Italy is still paying the price of those early mixed messages by scientists and politicians. The people who have died in staggering numbers recently — more than 2,300 in the last four days — were mostly infected during the confusion of a week or two ago.
  • Roberto Burioni, a prominent virologist at the San Raffaele University in Milan, said that people had felt safe to go about their usual routines and he attributed the spike in cases last week to “that behavior.”
  • Leaders in the north are desperate for the government to crack down harder.
  • On Friday, Mr. Fontana complained that the 114 troops the government deployed were insignificant, and that at least 1,000 should be sent. On Saturday, he closed public offices, work sites and banned jogging. He said in an interview that the government needed to stop messing around and “apply rigid measures.”
  • “At least this slows down the virus’ speed,’’ Mr. Zaia said, arguing that testing helped identify potentially contagious people without symptoms. ‘‘And slowing down the virus’ speed allows the hospitals to breathe.’’
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Premarket stocks: The US is now in a race against time - CNN - 0 views

  • The United States is now locked in a race against time on two crucial coronavirus fronts - one medical, the other legislative. The speed at which each issue is addressed has huge implications for investors.
  • Nearly half the cases are in New York state, making it the epicenter of the US outbreak. New Yorkers, along with millions of people in at least seven other states, are facing orders to stay at home.
  • Race No. 1: How quickly can the United States contain the coronavirus? Experts say the pressure on stock markets won't lift until the rate of new infections slows dramatically.
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  • Race No. 2: How quickly can US lawmakers agree on an economic rescue package? Investors were hoping that a deal would emerge over the weekend in the Senate. It did not. Now, House Speaker Nancy Pelosi says that House Democrats will introduce their own plan.
  • "Economic policy can do little to offset the near-term damage caused by shutting down large parts of the economy -- its main function is to stop that hit from turning into a longer depression. A lasting recovery in markets is unlikely until we also see clear evidence that the global spread of coronavirus is slowing, allowing lockdowns to end," he said.
  • Royal Dutch Shell (RDSA) is the latest oil company to make major changes in response to the collapse in prices caused by a combination of plunging demand due to the coronavirus and a surge in supply from Saudi Arabia. The company said Monday that it would cut its capital expenditure this year by $5 billion and suspend its share buyback program after crude oil prices were driven to shocking lows in recent weeks.
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