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We Americans are dancing on the Titanic. Our iceberg is not far away | Francine Prose |... - 0 views

  • What’s shocking is yet another fact that we have known or suspected for some time: that we are living under minority rule, that, in some of the most essential ways, the wishes of the majority no longer determine government policy, and that it has become a kind of joke to suggest that our government, at the highest level, is responding to “the will of the people”.
  • these shocks are intensified and amplified by how little we seem willing or able to do about the slow-motion stealth with which the seeds of autocracy are being planted. “We’re living under minority rule,” we say, and then go on to plan the kids’ birthday parties, to try to find a job and pay the bills, to complain at the gas pump, see our friends, celebrate the good weather and the new freedom occasioned by the latest downturn in the pandemic.
  • It’s never been more important to insist on our rights – not only as women, not only as Americans, but as human beings. We need to talk to our friends, make plans, apply unceasing pressure on our state and local governments, hold every political candidate accountable
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  • We may need to forget our pressing worries over inflation and gasoline prices just long enough to take to the streets, with unceasing frequency and in greater numbers, in order to make our beliefs and our voices heard.
  • the greatest shock of all would be to wake up one morning and find that while we were driving the kids to soccer practice and enjoying that welcome after-work cocktail, more and more of our rights had been stripped away, as has happened in so many countries in which democracy vanished, overnight and in darkness –when, as it were, no one was looking. The overturning of Roe v Wade should shock us even more than it already does – shock us into looking beyond the dance floor of the Titanic and spotting that iceberg, looming in our path, not so very far away.
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Addressing climate change post-coronavirus | McKinsey - 0 views

  • Addressing climate change in a post-pandemic world
  • the coronavirus outbreak seems to indicate that the world at large is equally ill prepared to prevent or confront either.
  • By contrast, financial shocks—whether bank runs, bubble bursts, market crashes, sovereign defaults, or currency devaluations—are largely driven by human sentiment, most often a fear of lost value or liquidity.
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  • Physical shocks, however, can only be remedied by understanding and addressing the underlying physical causes. Our recent collective experience, whether in the public or the private sector, has been more often shaped by financial shocks, not physical ones. The current pandemic provides us perhaps with a foretaste of what a full-fledged climate crisis could entail
  • Pandemics and climate risk also share many of the same attributes. Both are systemic, in that their direct manifestations and their knock-on effects propagate fast across an interconnected world.
  • They are both nonstationary, in that past probabilities and distributions of occurrences are rapidly shifting and proving to be inadequate or insufficient for future projections.
  • Both are nonlinear, in that their socioeconomic impact grows disproportionally and even catastrophically once certain thresholds are breached
  • They are both risk multipliers, in that they highlight and exacerbate hitherto untested vulnerabilities inherent in the financial and healthcare systems and the real economy
  • Both are regressive, in that they affect disproportionally the most vulnerable populations and subpopulations of the world.
  • Finally, neither can be considered as a “black swan,” insofar as experts have consistently warned against both over the years
  • They also require a present action for a future reward that has in the past appeared too uncertain and too small given the implicit “discount rate.” This is what former Bank of England Governor Mark Carney has called the “tragedy of the horizon.”
  • addressing pandemics and climate risk requires the same fundamental shift, from optimizing largely for the shorter-term performance of systems to ensuring equally their longer-term resiliency
  • The coronavirus pandemic and the responses that are being implemented (to the tune of several trillion dollars of government stimulus as of this writing) illustrate how expensive the failure to build resiliency can ultimately prove
  • In climate change as in pandemics, the costs of a global crisis are bound to vastly exceed those of its prevention.
  • both reflect “tragedy of the commons” problems, in that individual actions can run counter to the collective good and deplete a precious, common resource.
  • Neither pandemics nor climate hazards can be confronted without true global coordination and cooperation
  • there are also some notable differences between pandemics and climate hazards.
  • A global public-health crisis presents imminent, discrete, and directly discernable dangers, which we have been conditioned to respond to for our survival.
  • The risks from climate change, by contrast, are gradual, cumulative, and often distributed dangers that manifest themselves in degrees and over time.
  • What lessons can be learned from the current pandemic for climate change? What implications—positive or negative—could our pandemic responses hold for climate action?
  • the timescales of both the occurrence and the resolution of pandemics and climate hazards are different.
  • What this means is that a global climate crisis, if and when ushered in, could prove far lengthier and far more disruptive than what we currently see with the coronavirus (if that can be imagined).
  • Finally, pandemics are a case of contagion risk, while climate hazards present a case of accumulation risk.
  • Contagion can produce perfectly correlated events on a global scale (even as we now witness), which can tax the entire system at once; accumulation gives rise to an increased likelihood of severe, contemporaneous but not directly correlated events that can reinforce one another.
  • Climate change—a potent risk multiplier—can actually contribute to pandemics
  • For example, rising temperatures can create favorable conditions for the spread of certain infectious, mosquito-borne diseases, such as malaria and dengue fever, while disappearing habitats may force various animal species to migrate, increasing the chances of spillover pathogens between them.
  • Third, investors may delay their capital allocation to new lower-carbon solutions due to decreased wealth.
  • Factors that could support and accelerate climate action
  • For starters, certain temporary adjustments, such as teleworking and greater reliance on digital channels, may endure long after the lockdowns have ended, reducing transportation demand and emissions
  • Second, supply chains may be repatriated, reducing some Scope 3 emissions (those in a company’s value chain but not associated with its direct emissions or the generation of energy it purchases)
  • Third, markets may better price in risks (and, in particular, climate risk) as the result of a greater appreciation for physical and systemic dislocations.
  • There may, additionally, be an increased public appreciation for scientific expertise in addressing systemic issues.
  • there may also be a greater appetite for the preventive and coordinating role of governments in tackling such risks
  • Moreover, lower interest rates may accelerate the deployment of new sustainable infrastructure
  • lastly, the need for global cooperation may become more visible and be embraced more universally.
  • Factors that may hamper and delay climate action
  • Simultaneously, though, very low prices for high-carbon emitters could increase their use and further delay energy transition
  • A second crosscurrent is that governments and citizens may struggle to integrate climate priorities with pressing economic needs in a recovery
  • he environmental impact of some of the measures taken to counter the coronavirus pandemic have been seen by some as a full-scale illustration of what drastic action can produce in a short amount of time.
  • Finally, national rivalries may be exacerbated if a zero-sum-game mentality prevails in the wake of the crisis.
  • For governments, we believe four sets of actions will be important
  • First, build the capability to model climate risk and to assess the economics of climate change.
  • Second, devote a portion of the vast resources deployed for economic recovery to climate-change resiliency and mitigation
  • Third, seize the opportunity to reconsider existing subsidy regimes that accelerate climate change
  • Fourth, reinforce national and international alignment and collaboration on sustainability, for inward-looking, piecemeal responses are by nature incapable of solving systemic and global problems.
  • For companies, we see two priorities. First, seize the moment to decarbonize, in particular by prioritizing the retirement of economically marginal, carbon-intensive assets
  • Second, take a systematic and through-the-cycle approach to building resilience.
  • For all—individuals, companies, governments, and civil society—we see two additional priorities. First, use this moment to raise awareness of the impact of a climate crisis, which could ultimately create disruptions of great magnitude and duration.
  • That includes awareness of the fact that physical shocks can have massive nonlinear impacts on financial and economic systems and thus prove extremely costly.
  • Second, build upon the mindset and behavioral shifts that are likely to persist after the crisis (such as working from home) to reduce the demands we place on our environment—or, more precisely, to shift them toward more sustainable sources.
  • Moving toward a lower-carbon economy presents a daunting challenge, and, if we choose to ignore the issue for a year or two, the math becomes even more daunting.
  • it is also critical that we begin now to integrate the thinking and planning required to build a much greater economic and environmental resiliency as part of the recovery ahead.
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A triple shock slows China's growth | The Economist - 0 views

  • it is hard to imagine China could ever run short of this familiar fuel. But in recent months, the black pyramids have been not quite immense enough. A scarcity of coal, which accounts for almost two-thirds of China’s electricity generation, has contributed to the worst power cuts in a decade
  • The Chinese economy has been hit by a triple shock, stemming not only from the power cuts but also the pandemic and a property slowdown exacerbated by the financial woes of Evergrande, a developer.
  • the economy’s pace of growth slowed to 4.9% in the third quarter,
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  • Industrial production expanded by only 3.1% year-on-year in September,
  • The causes of the coal shortage fall into two categories: structural and incidental. The unlucky contingencies include floods in Henan province in July and in Shanxi this month, which forced some mines to close. In addition, in Inner Mongolia, which accounts for about a quarter of China’s coal output, an investigation into corruption has implicated and hamstrung some of the officials who might previously have approved expansions in coal mining. Shaanxi province, China’s third-largest producer of coal, slowed production to keep the skies clear for a national athletics event in September
  • When supply is tight, prices are supposed to rise, obliging customers to economise on their consumption. But as the price of coal shot up, power stations were unable to pass their higher costs on.
  • In a press conference on October 15th, China’s central bank described Evergrande as an idiosyncratic case in a generally healthy industry. That should have been reassuring, except that policymakers will not come to the property sector’s rescue until they are sufficiently worried about its plight.
  • property sector, a perennial engine of growth, employment, leverage and anxiety
  • Regulators are trying to curb speculative demand for flats and limit the excessive borrowing of homebuilders. That effort to limit financial risk has brought some pre-existing dangers to a head
  • Some homebuyers are now understandably nervous about handing over their cash to any developer who may not be in business long enough to finish the projects they are selling.
  • Another shock to the economy came from the pandemic. Outbreaks of covid-19, such as a cluster that began in Nanjing in July, prompted strict, localised lockdowns, depressing retail spending, especially catering, and travel.
  • Most economists think China’s year-on-year growth will slow even further in the last three months of the year, to 4% or below. China will maintain its vigilance against covid-19, and the property downturn has further to run.
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When the New York Times lost its way - 0 views

  • There are many reasons for Trump’s ascent, but changes in the American news media played a critical role. Trump’s manipulation and every one of his political lies became more powerful because journalists had forfeited what had always been most valuable about their work: their credibility as arbiters of truth and brokers of ideas, which for more than a century, despite all of journalism’s flaws and failures, had been a bulwark of how Americans govern themselves.
  • I think Sulzberger shares this analysis. In interviews and his own writings, including an essay earlier this year for the Columbia Journalism Review, he has defended “independent journalism”, or, as I understand him, fair-minded, truth-seeking journalism that aspires to be open and objective.
  • It’s good to hear the publisher speak up in defence of such values, some of which have fallen out of fashion not just with journalists at the Times and other mainstream publications but at some of the most prestigious schools of journalism.
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  • All the empathy and humility in the world will not mean much against the pressures of intolerance and tribalism without an invaluable quality that Sulzberger did not emphasise: courage.
  • Sulzberger seems to underestimate the struggle he is in, that all journalism and indeed America itself is in
  • In describing the essential qualities of independent journalism in his essay, he unspooled a list of admirable traits – empathy, humility, curiosity and so forth. These qualities have for generations been helpful in contending with the Times’s familiar problem, which is liberal bias
  • on their own, these qualities have no chance against the Times’s new, more dangerous problem, which is in crucial respects the opposite of the old one.
  • The Times’s problem has metastasised from liberal bias to illiberal bias, from an inclination to favour one side of the national debate to an impulse to shut debate down altogether
  • the internet knocked the industry off its foundations. Local newspapers were the proving ground between college campuses and national newsrooms. As they disintegrated, the national news media lost a source of seasoned reporters and many Americans lost a journalism whose truth they could verify with their own eyes.
  • far more than when I set out to become a journalist, doing the work right today demands a particular kind of courage:
  • the moral and intellectual courage to take the other side seriously and to report truths and ideas that your own side demonises for fear they will harm its cause.
  • One of the glories of embracing illiberalism is that, like Trump, you are always right about everything, and so you are justified in shouting disagreement down.
  • leaders of many workplaces and boardrooms across America find that it is so much easier to compromise than to confront – to give a little ground today in the belief you can ultimately bring people around
  • This is how reasonable Republican leaders lost control of their party to Trump and how liberal-minded college presidents lost control of their campuses. And it is why the leadership of the New York Times is losing control of its principles.
  • Over the decades the Times and other mainstream news organisations failed plenty of times to live up to their commitments to integrity and open-mindedness. The relentless struggle against biases and preconceptions, rather than the achievement of a superhuman objective omniscience, is what mattered
  • . I thought, and still think, that no American institution could have a better chance than the Times, by virtue of its principles, its history, its people and its hold on the attention of influential Americans, to lead the resistance to the corruption of political and intellectual life, to overcome the encroaching dogmatism and intolerance.
  • As the country became more polarised, the national media followed the money by serving partisan audiences the versions of reality they preferred
  • This relationship proved self-reinforcing. As Americans became freer to choose among alternative versions of reality, their polarisation intensified.
  • as the top editors let bias creep into certain areas of coverage, such as culture, lifestyle and business, that made the core harder to defend and undermined the authority of even the best reporters.
  • here have been signs the Times is trying to recover the courage of its convictions
  • The paper was slow to display much curiosity about the hard question of the proper medical protocols for trans children; but once it did, the editors defended their coverage against the inevitable criticism.
  • As Sulzberger told me in the past, returning to the old standards will require agonising change. He saw that as the gradual work of many years, but I think he is mistaken. To overcome the cultural and commercial pressures the Times faces, particularly given the severe test posed by another Trump candidacy and possible presidency, its publisher and senior editors will have to be bolder than that.
  • As a Democrat from a family of Democrats, a graduate of Yale and a blossom of the imagined meritocracy, I had my first real chance, at Buchanan’s rallies, to see the world through the eyes of stalwart opponents of abortion, immigration and the relentlessly rising tide of modernity.
  • the Times is failing to face up to one crucial reason: that it has lost faith in Americans, too.
  • For now, to assert that the Times plays by the same rules it always has is to commit a hypocrisy that is transparent to conservatives, dangerous to liberals and bad for the country as a whole.
  • It makes the Times too easy for conservatives to dismiss and too easy for progressives to believe.
  • The reality is that the Times is becoming the publication through which America’s progressive elite talks to itself about an America that does not really exist.
  • It is hard to imagine a path back to saner American politics that does not traverse a common ground of shared fact.
  • It is equally hard to imagine how America’s diversity can continue to be a source of strength, rather than become a fatal flaw, if Americans are afraid or unwilling to listen to each other.
  • I suppose it is also pretty grandiose to think you might help fix all that. But that hope, to me, is what makes journalism worth doing.
  • Since Adolph Ochs bought the paper in 1896, one of the most inspiring things the Times has said about itself is that it does its work “without fear or favour”. That is not true of the institution today – it cannot be, not when its journalists are afraid to trust readers with a mainstream conservative argument such as Cotton’s, and its leaders are afraid to say otherwise.
  • Most important, the Times, probably more than any other American institution, could influence the way society approached debate and engagement with opposing views. If Times Opinion demonstrated the same kind of intellectual courage and curiosity that my colleagues at the Atlantic had shown, I hoped, the rest of the media would follow.
  • You did not have to go along with everything that any tribe said. You did not have to pretend that the good guys, much as you might have respected them, were right about everything, or that the bad guys, much as you might have disdained them, never had a point. You did not, in other words, ever have to lie.
  • This fundamental honesty was vital for readers, because it equipped them to make better, more informed judgments about the world. Sometimes it might shock or upset them by failing to conform to their picture of reality. But it also granted them the respect of acknowledging that they were able to work things out for themselves.
  • The Atlantic did not aspire to the same role as the Times. It did not promise to serve up the news of the day without any bias. But it was to opinion journalism what the Times’s reporting was supposed to be to news: honest and open to the world.
  • Those were the glory days of the blog, and we hit on the idea of creating a living op-ed page, a collective of bloggers with different points of view but a shared intellectual honesty who would argue out the meaning of the news of the day
  • They were brilliant, gutsy writers, and their disagreements were deep enough that I used to joke that my main work as editor was to prevent fistfights.
  • Under its owner, David Bradley, my colleagues and I distilled our purpose as publishing big arguments about big ideas
  • we also began producing some of the most important work in American journalism: Nicholas Carr on whether Google was “making us stupid”; Hanna Rosin on “the end of men”; Taylor Branch on “the shame of college sports”; Ta-Nehisi Coates on “the case for reparations”; Greg Lukianoff and Jonathan Haidt on “the coddling of the American mind”.
  • I was starting to see some effects of the new campus politics within the Atlantic. A promising new editor had created a digital form for aspiring freelancers to fill out, and she wanted to ask them to disclose their racial and sexual identity. Why? Because, she said, if we were to write about the trans community, for example, we would ask a trans person to write the story
  • There was a good argument for that, I acknowledged, and it sometimes might be the right answer. But as I thought about the old people, auto workers and abortion opponents I had learned from, I told her there was also an argument for correspondents who brought an outsider’s ignorance, along with curiosity and empathy, to the story.
  • A journalism that starts out assuming it knows the answers, it seemed to me then, and seems even more so to me now, can be far less valuable to the reader than a journalism that starts out with a humbling awareness that it knows nothing.
  • In the age of the internet it is hard even for a child to sustain an “innocent eye”, but the alternative for journalists remains as dangerous as ever, to become propagandists. America has more than enough of those already.
  • When I looked around the Opinion department, change was not what I perceived. Excellent writers and editors were doing excellent work. But the department’s journalism was consumed with politics and foreign affairs in an era when readers were also fascinated by changes in technology, business, science and culture.
  • Fairly quickly, though, I realised two things: first, that if I did my job as I thought it should be done, and as the Sulzbergers said they wanted me to do it, I would be too polarising internally ever to lead the newsroom; second, that I did not want that job, though no one but my wife believed me when I said that.
  • there was a compensating moral and psychological privilege that came with aspiring to journalistic neutrality and open-mindedness, despised as they might understandably be by partisans. Unlike the duelling politicians and advocates of all kinds, unlike the corporate chieftains and their critics, unlike even the sainted non-profit workers, you did not have to pretend things were simpler than they actually were
  • On the right and left, America’s elites now talk within their tribes, and get angry or contemptuous on those occasions when they happen to overhear the other conclave. If they could be coaxed to agree what they were arguing about, and the rules by which they would argue about it, opinion journalism could serve a foundational need of the democracy by fostering diverse and inclusive debate. Who could be against that?
  • The large staff of op-ed editors contained only a couple of women. Although the 11 columnists were individually admirable, only two of them were women and only one was a person of colour
  • Not only did they all focus on politics and foreign affairs, but during the 2016 campaign, no columnist shared, in broad terms, the worldview of the ascendant progressives of the Democratic Party, incarnated by Bernie Sanders. And only two were conservative.
  • This last fact was of particular concern to the elder Sulzberger. He told me the Times needed more conservative voices, and that its own editorial line had become predictably left-wing. “Too many liberals,” read my notes about the Opinion line-up from a meeting I had with him and Mark Thompson, then the chief executive, as I was preparing to rejoin the paper. “Even conservatives are liberals’ idea of a conservative.” The last note I took from that meeting was: “Can’t ignore 150m conservative Americans.”
  • As I knew from my time at the Atlantic, this kind of structural transformation can be frightening and even infuriating for those understandably proud of things as they are. It is hard on everyone
  • experience at the Atlantic also taught me that pursuing new ways of doing journalism in pursuit of venerable institutional principles created enthusiasm for change. I expected that same dynamic to allay concerns at the Times.
  • If Opinion published a wider range of views, it would help frame a set of shared arguments that corresponded to, and drew upon, the set of shared facts coming from the newsroom.
  • New progressive voices were celebrated within the Times. But in contrast to the Wall Street Journal and the Washington Post, conservative voices – even eloquent anti-Trump conservative voices – were despised, regardless of how many leftists might surround them.
  • The Opinion department mocked the paper’s claim to value diversity. It did not have a single black editor
  • Eventually, it sank in that my snotty joke was actually on me: I was the one ignorantly fighting a battle that was already lost. The old liberal embrace of inclusive debate that reflected the country’s breadth of views had given way to a new intolerance for the opinions of roughly half of American voters.
  • Out of naivety or arrogance, I was slow to recognise that at the Times, unlike at the Atlantic, these values were no longer universally accepted, let alone esteemed
  • After the 9/11 attacks, as the bureau chief in Jerusalem, I spent a lot of time in the Gaza Strip interviewing Hamas leaders, recruiters and foot soldiers, trying to understand and describe their murderous ideology. Some readers complained that I was providing a platform for terrorists, but there was never any objection from within the Times.
  • Our role, we knew, was to help readers understand such threats, and this required empathetic – not sympathetic – reporting. This is not an easy distinction but good reporters make it: they learn to understand and communicate the sources and nature of a toxic ideology without justifying it, much less advocating it.
  • Today’s newsroom turns that moral logic on its head, at least when it comes to fellow Americans. Unlike the views of Hamas, the views of many Americans have come to seem dangerous to engage in the absence of explicit condemnation
  • Focusing on potential perpetrators – “platforming” them by explaining rather than judging their views – is believed to empower them to do more harm.
  • After the profile of the Ohio man was published, media Twitter lit up with attacks on the article as “normalising” Nazism and white nationalism, and the Times convulsed internally. The Times wound up publishing a cringing editor’s note that hung the writer out to dry and approvingly quoted some of the criticism, including a tweet from a Washington Post opinion editor asking, “Instead of long, glowing profiles of Nazis/White nationalists, why don’t we profile the victims of their ideologies”?
  • the Times lacked the confidence to defend its own work
  • The editor’s note paraded the principle of publishing such pieces, saying it was important to “shed more light, not less, on the most extreme corners of American life”. But less light is what the readers got. As a reporter in the newsroom, you’d have to have been an idiot after that explosion to attempt such a profile
  • Empathetic reporting about Trump supporters became even more rare. It became a cliché among influential left-wing columnists and editors that blinkered political reporters interviewed a few Trump supporters in diners and came away suckered into thinking there was something besides racism that could explain anyone’s support for the man.
  • After a year spent publishing editorials attacking Trump and his policies, I thought it would be a demonstration of Timesian open-mindedness to give his supporters their say. Also, I thought the letters were interesting, so I turned over the entire editorial page to the Trump letters.
  • I wasn’t surprised that we got some criticism on Twitter. But I was astonished by the fury of my Times colleagues. I found myself facing an angry internal town hall, trying to justify what to me was an obvious journalistic decision
  • Didn’t he think other Times readers should understand the sources of Trump’s support? Didn’t he also see it was a wonderful thing that some Trump supporters did not just dismiss the Times as fake news, but still believed in it enough to respond thoughtfully to an invitation to share their views?
  • And if the Times could not bear to publish the views of Americans who supported Trump, why should it be surprised that those voters would not trust it?
  • Two years later, in 2020, Baquet acknowledged that in 2016 the Times had failed to take seriously the idea that Trump could become president partly because it failed to send its reporters out into America to listen to voters and understand “the turmoil in the country”. And, he continued, the Times still did not understand the views of many Americans
  • Speaking four months before we published the Cotton op-ed, he said that to argue that the views of such voters should not appear in the Times was “not journalistic”.
  • Conservative arguments in the Opinion pages reliably started uproars within the Times. Sometimes I would hear directly from colleagues who had the grace to confront me with their concerns; more often they would take to the company’s Slack channels or Twitter to advertise their distress in front of each other
  • This environment of enforced group-think, inside and outside the paper, was hard even on liberal opinion writers. One left-of-centre columnist told me that he was reluctant to appear in the New York office for fear of being accosted by colleagues.
  • An internal survey shortly after I left the paper found that barely half the staff, within an enterprise ostensibly devoted to telling the truth, agreed “there is a free exchange of views in this company” and “people are not afraid to say what they really think”.)
  • Even columnists with impeccable leftist bona fides recoiled from tackling subjects when their point of view might depart from progressive orthodoxy.
  • The bias had become so pervasive, even in the senior editing ranks of the newsroom, as to be unconscious
  • Trying to be helpful, one of the top newsroom editors urged me to start attaching trigger warnings to pieces by conservatives. It had not occurred to him how this would stigmatise certain colleagues, or what it would say to the world about the Times’s own bias
  • By their nature, information bubbles are powerfully self-reinforcing, and I think many Times staff have little idea how closed their world has become, or how far they are from fulfilling their compact with readers to show the world “without fear or favour”
  • sometimes the bias was explicit: one newsroom editor told me that, because I was publishing more conservatives, he felt he needed to push his own department further to the left.
  • The Times’s failure to honour its own stated principles of openness to a range of views was particularly hard on the handful of conservative writers, some of whom would complain about being flyspecked and abused by colleagues. One day when I relayed a conservative’s concern about double standards to Sulzberger, he lost his patience. He told me to inform the complaining conservative that that’s just how it was: there was a double standard and he should get used to it.
  • A publication that promises its readers to stand apart from politics should not have different standards for different writers based on their politics. But I delivered the message. There are many things I regret about my tenure as editorial-page editor. That is the only act of which I am ashamed.
  • I began to think of myself not as a benighted veteran on a remote island, but as Rip Van Winkle. I had left one newspaper, had a pleasant dream for ten years, and returned to a place I barely recognised.
  • The new New York Times was the product of two shocks – sudden collapse, and then sudden success. The paper almost went bankrupt during the financial crisis, and the ensuing panic provoked a crisis of confidence among its leaders. Digital competitors like the HuffPost were gaining readers and winning plaudits within the media industry as innovative. They were the cool kids; Times folk were ink-stained wrinklies.
  • In its panic, the Times bought out experienced reporters and editors and began hiring journalists from publications like the HuffPost who were considered “digital natives” because they had never worked in print. This hiring quickly became easier, since most digital publications financed by venture capital turned out to be bad businesses
  • Though they might have lacked deep or varied reporting backgrounds, some of the Times’s new hires brought skills in video and audio; others were practised at marketing themselves – building their brands, as journalists now put it – in social media. Some were brilliant and fiercely honest, in keeping with the old aspirations of the paper.
  • critically, the Times abandoned its practice of acculturation, including those months-long assignments on Metro covering cops and crime or housing. Many new hires who never spent time in the streets went straight into senior writing and editing roles.
  • All these recruits arrived with their own notions of the purpose of the Times. To me, publishing conservatives helped fulfil the paper’s mission; to them, I think, it betrayed that mission.
  • then, to the shock and horror of the newsroom, Trump won the presidency. In his article for Columbia Journalism Review, Sulzberger cites the Times’s failure to take Trump’s chances seriously as an example of how “prematurely shutting down inquiry and debate” can allow “conventional wisdom to ossify in a way that blinds society.
  • Many Times staff members – scared, angry – assumed the Times was supposed to help lead the resistance. Anxious for growth, the Times’s marketing team implicitly endorsed that idea, too.
  • As the number of subscribers ballooned, the marketing department tracked their expectations, and came to a nuanced conclusion. More than 95% of Times subscribers described themselves as Democrats or independents, and a vast majority of them believed the Times was also liberal
  • A similar majority applauded that bias; it had become “a selling point”, reported one internal marketing memo. Yet at the same time, the marketers concluded, subscribers wanted to believe that the Times was independent.
  • As that memo argued, even if the Times was seen as politically to the left, it was critical to its brand also to be seen as broadening its readers’ horizons, and that required “a perception of independence”.
  • Readers could cancel their subscriptions if the Times challenged their worldview by reporting the truth without regard to politics. As a result, the Times’s long-term civic value was coming into conflict with the paper’s short-term shareholder value
  • The Times has every right to pursue the commercial strategy that makes it the most money. But leaning into a partisan audience creates a powerful dynamic. Nobody warned the new subscribers to the Times that it might disappoint them by reporting truths that conflicted with their expectations
  • When your product is “independent journalism”, that commercial strategy is tricky, because too much independence might alienate your audience, while too little can lead to charges of hypocrisy that strike at the heart of the brand.
  • It became one of Dean Baquet’s frequent mordant jokes that he missed the old advertising-based business model, because, compared with subscribers, advertisers felt so much less sense of ownership over the journalism
  • The Times was slow to break it to its readers that there was less to Trump’s ties to Russia than they were hoping, and more to Hunter Biden’s laptop, that Trump might be right that covid came from a Chinese lab, that masks were not always effective against the virus, that shutting down schools for many months was a bad idea.
  • there has been a sea change over the past ten years in how journalists think about pursuing justice. The reporters’ creed used to have its foundation in liberalism, in the classic philosophical sense. The exercise of a reporter’s curiosity and empathy, given scope by the constitutional protections of free speech, would equip readers with the best information to form their own judgments. The best ideas and arguments would win out
  • The journalist’s role was to be a sworn witness; the readers’ role was to be judge and jury. In its idealised form, journalism was lonely, prickly, unpopular work, because it was only through unrelenting scepticism and questioning that society could advance. If everyone the reporter knew thought X, the reporter’s role was to ask: why X?
  • Illiberal journalists have a different philosophy, and they have their reasons for it. They are more concerned with group rights than individual rights, which they regard as a bulwark for the privileges of white men. They have seen the principle of  free speech used to protect right-wing outfits like Project Veritas and Breitbart News and are uneasy with it.
  • They had their suspicions of their fellow citizens’ judgment confirmed by Trump’s election, and do not believe readers can be trusted with potentially dangerous ideas or facts. They are not out to achieve social justice as the knock-on effect of pursuing truth; they want to pursue it head-on
  • The term “objectivity” to them is code for ignoring the poor and weak and cosying up to power, as journalists often have done.
  • And they do not just want to be part of the cool crowd. They need to be
  • To be more valued by their peers and their contacts – and hold sway over their bosses – they need a lot of followers in social media. That means they must be seen to applaud the right sentiments of the right people in social media
  • The journalist from central casting used to be a loner, contrarian or a misfit. Now journalism is becoming another job for joiners, or, to borrow Twitter’s own parlance, “followers”, a term that mocks the essence of a journalist’s role.
  • The new newsroom ideology seems idealistic, yet it has grown from cynical roots in academia: from the idea that there is no such thing as objective truth; that there is only narrative, and that therefore whoever controls the narrative – whoever gets to tell the version of the story that the public hears – has the whip hand
  • What matters, in other words, is not truth and ideas in themselves, but the power to determine both in the public mind.
  • By contrast, the old newsroom ideology seems cynical on its surface. It used to bug me that my editors at the Times assumed every word out of the mouth of any person in power was a lie.
  • And the pursuit of objectivity can seem reptilian, even nihilistic, in its abjuration of a fixed position in moral contests. But the basis of that old newsroom approach was idealistic: the notion that power ultimately lies in truth and ideas, and that the citizens of a pluralistic democracy, not leaders of any sort, must be trusted to judge both.
  • Our role in Times Opinion, I used to urge my colleagues, was not to tell people what to think, but to help them fulfil their desire to think for themselves.
  • It seems to me that putting the pursuit of truth, rather than of justice, at the top of a publication’s hierarchy of values also better serves not just truth but justice, too
  • over the long term journalism that is not also sceptical of the advocates of any form of justice and the programmes they put forward, and that does not struggle honestly to understand and explain the sources of resistance,
  • will not assure that those programmes will work, and it also has no legitimate claim to the trust of reasonable people who see the world very differently. Rather than advance understanding and durable change, it provokes backlash.
  • The impatience within the newsroom with such old ways was intensified by the generational failure of the Times to hire and promote women and non-white people
  • Pay attention if you are white at the Times and you will hear black editors speak of hiring consultants at their own expense to figure out how to get white staff to respect them
  • As wave after wave of pain and outrage swept through the Times, over a headline that was not damning enough of Trump or someone’s obnoxious tweets, I came to think of the people who were fragile, the ones who were caught up in Slack or Twitter storms, as people who had only recently discovered that they were white and were still getting over the shock.
  • Having concluded they had got ahead by working hard, it has been a revelation to them that their skin colour was not just part of the wallpaper of American life, but a source of power, protection and advancement.
  • I share the bewilderment that so many people could back Trump, given the things he says and does, and that makes me want to understand why they do: the breadth and diversity of his support suggests not just racism is at work. Yet these elite, well-meaning Times staff cannot seem to stretch the empathy they are learning to extend to people with a different skin colour to include those, of whatever race, who have different politics.
  • The digital natives were nevertheless valuable, not only for their skills but also because they were excited for the Times to embrace its future. That made them important allies of the editorial and business leaders as they sought to shift the Times to digital journalism and to replace staff steeped in the ways of print. Partly for that reason, and partly out of fear, the leadership indulged internal attacks on Times journalism, despite pleas from me and others, to them and the company as a whole, that Times folk should treat each other with more respect
  • My colleagues and I in Opinion came in for a lot of the scorn, but we were not alone. Correspondents in the Washington bureau and political reporters would take a beating, too, when they were seen as committing sins like “false balance” because of the nuance in their stories.
  • My fellow editorial and commercial leaders were well aware of how the culture of the institution had changed. As delighted as they were by the Times’s digital transformation they were not blind to the ideological change that came with it. They were unhappy with the bullying and group-think; we often discussed such cultural problems in the weekly meetings of the executive committee, composed of the top editorial and business leaders, including the publisher. Inevitably, these bitch sessions would end with someone saying a version of: “Well, at some point we have to tell them this is what we believe in as a newspaper, and if they don’t like it they should work somewhere else.” It took me a couple of years to realise that this moment was never going to come.
  • There is a lot not to miss about the days when editors like Boyd could strike terror in young reporters like me and Purdum. But the pendulum has swung so far in the other direction that editors now tremble before their reporters and even their interns. “I miss the old climate of fear,” Baquet used to say with a smile, in another of his barbed jokes.
  • I wish I’d pursued my point and talked myself out of the job. This contest over control of opinion journalism within the Times was not just a bureaucratic turf battle (though it was that, too)
  • The newsroom’s embrace of opinion journalism has compromised the Times’s independence, misled its readers and fostered a culture of intolerance and conformity.
  • The Opinion department is a relic of the era when the Times enforced a line between news and opinion journalism.
  • Editors in the newsroom did not touch opinionated copy, lest they be contaminated by it, and opinion journalists and editors kept largely to their own, distant floor within the Times building. Such fastidiousness could seem excessive, but it enforced an ethos that Times reporters owed their readers an unceasing struggle against bias in the news
  • But by the time I returned as editorial-page editor, more opinion columnists and critics were writing for the newsroom than for Opinion. As at the cable news networks, the boundaries between commentary and news were disappearing, and readers had little reason to trust that Times journalists were resisting rather than indulging their biases
  • The Times newsroom had added more cultural critics, and, as Baquet noted, they were free to opine about politics.
  • Departments across the Times newsroom had also begun appointing their own “columnists”, without stipulating any rules that might distinguish them from columnists in Opinion
  • I checked to see if, since I left the Times, it had developed guidelines explaining the difference, if any, between a news columnist and opinion columnist. The paper’s spokeswoman, Danielle Rhoades Ha, did not respond to the question.)
  • The internet rewards opinionated work and, as news editors felt increasing pressure to generate page views, they began not just hiring more opinion writers but also running their own versions of opinionated essays by outside voices – historically, the province of Opinion’s op-ed department.
  • Yet because the paper continued to honour the letter of its old principles, none of this work could be labelled “opinion” (it still isn’t). After all, it did not come from the Opinion department.
  • And so a newsroom technology columnist might call for, say, unionisation of the Silicon Valley workforce, as one did, or an outside writer might argue in the business section for reparations for slavery, as one did, and to the average reader their work would appear indistinguishable from Times news articles.
  • By similarly circular logic, the newsroom’s opinion journalism breaks another of the Times’s commitments to its readers. Because the newsroom officially does not do opinion – even though it openly hires and publishes opinion journalists – it feels free to ignore Opinion’s mandate to provide a diversity of views
  • When I was editorial-page editor, there were a couple of newsroom columnists whose politics were not obvious. But the other newsroom columnists, and the critics, read as passionate progressives.
  • I urged Baquet several times to add a conservative to the newsroom roster of cultural critics. That would serve the readers by diversifying the Times’s analysis of culture, where the paper’s left-wing bias had become most blatant, and it would show that the newsroom also believed in restoring the Times’s commitment to taking conservatives seriously. He said this was a good idea, but he never acted on it
  • I couldn’t help trying the idea out on one of the paper’s top cultural editors, too: he told me he did not think Times readers would be interested in that point of view.
  • opinion was spreading through the newsroom in other ways. News desks were urging reporters to write in the first person and to use more “voice”, but few newsroom editors had experience in handling that kind of journalism, and no one seemed certain where “voice” stopped and “opinion” began
  • The Times magazine, meanwhile, became a crusading progressive publication
  • Baquet liked to say the magazine was Switzerland, by which he meant that it sat between the newsroom and Opinion. But it reported only to the news side. Its work was not labelled as opinion and it was free to omit conservative viewpoints.
  • his creep of politics into the newsroom’s journalism helped the Times beat back some of its new challengers, at least those on the left
  • Competitors like Vox and the HuffPost were blending leftish politics with reporting and writing it up conversationally in the first person. Imitating their approach, along with hiring some of their staff, helped the Times repel them. But it came at a cost. The rise of opinion journalism over the past 15 years changed the newsroom’s coverage and its culture
  • The tiny redoubt of never-Trump conservatives in Opinion is swamped daily not only by the many progressives in that department but their reinforcements among the critics, columnists and magazine writers in the newsroom
  • They are generally excellent, but their homogeneity means Times readers are being served a very restricted range of views, some of them presented as straight news by a publication that still holds itself out as independent of any politics.
  • And because the critics, newsroom columnists and magazine writers are the newsroom’s most celebrated journalists, they have disproportionate influence over the paper’s culture.
  • By saying that it still holds itself to the old standard of strictly separating its news and opinion journalists, the paper leads its readers further into the trap of thinking that what they are reading is independent and impartial – and this misleads them about their country’s centre of political and cultural gravity.
  • And yet the Times insists to the public that nothing has changed.
  • “Even though each day’s opinion pieces are typically among our most popular journalism and our columnists are among our most trusted voices, we believe opinion is secondary to our primary mission of reporting and should represent only a portion of a healthy news diet,” Sulzberger wrote in the Columbia Journalism Review. “For that reason, we’ve long kept the Opinion department intentionally small – it represents well under a tenth of our journalistic staff – and ensured that its editorial decision-making is walled off from the newsroom.”
  • When I was editorial-page editor, Sulzberger, who declined to be interviewed on the record for this article, worried a great deal about the breakdown in the boundaries between news and opinion
  • He told me once that he would like to restructure the paper to have one editor oversee all its news reporters, another all its opinion journalists and a third all its service journalists, the ones who supply guidance on buying gizmos or travelling abroad. Each of these editors would report to him
  • That is the kind of action the Times needs to take now to confront its hypocrisy and begin restoring its independence.
  • The Times could learn something from the Wall Street Journal, which has kept its journalistic poise
  • It has maintained a stricter separation between its news and opinion journalism, including its cultural criticism, and that has protected the integrity of its work.
  • After I was chased out of the Times, Journal reporters and other staff attempted a similar assault on their opinion department. Some 280 of them signed a letter listing pieces they found offensive and demanding changes in how their opinion colleagues approached their work. “Their anxieties aren’t our responsibility,” shrugged the Journal’s editorial board in a note to readers after the letter was leaked. “The signers report to the news editors or other parts of the business.” The editorial added, in case anyone missed the point, “We are not the New York Times.” That was the end of it.
  • Unlike the publishers of the Journal, however, Sulzberger is in a bind, or at least perceives himself to be
  • The confusion within the Times over its role, and the rising tide of intolerance among the reporters, the engineers, the business staff, even the subscribers – these are all problems he inherited, in more ways than one. He seems to feel constrained in confronting the paper’s illiberalism by the very source of his authority
  • The paradox is that in previous generations the Sulzbergers’ control was the bulwark of the paper’s independence.
  • if he is going to instil the principles he believes in, he needs to stop worrying so much about his powers of persuasion, and start using the power he is so lucky to have.
  • Shortly after we published the op-ed that Wednesday afternoon, some reporters tweeted their opposition to Cotton’s argument. But the real action was in the Times’s Slack channels, where reporters and other staff began not just venting but organising. They turned to the union to draw up a workplace complaint about the op-ed.
  • The next day, this reporter shared the byline on the Times story about the op-ed. That article did not mention that Cotton had distinguished between “peaceful, law-abiding protesters” and “rioters and looters”. In fact, the first sentence reported that Cotton had called for “the military to suppress protests against police violence”.
  • This was – and is – wrong. You don’t have to take my word for that. You can take the Times’s
  • Three days later in its article on my resignation it also initially reported that Cotton had called “for military force against protesters in American cities”. This time, after the article was published on the Times website, the editors scrambled to rewrite it, replacing “military force” with “military response” and “protesters” with “civic unrest”
  • That was a weaselly adjustment – Cotton wrote about criminality, not “unrest” – but the article at least no longer unambiguously misrepresented Cotton’s argument to make it seem he was in favour of crushing democratic protest. The Times did not publish a correction or any note acknowledging the story had been changed.
  • Seeking to influence the outcome of a story you cover, particularly without disclosing that to the reader, violates basic principles I was raised on at the Times
  • s Rhoades Ha disputes my characterisation of the after-the-fact editing of the story about my resignation. She said the editors changed the story after it was published on the website in order to “refine” it and “add context”, and so the story did not merit a correction disclosing to the reader that changes had been made.
  • In retrospect what seems almost comical is that as the conflict over Cotton’s op-ed unfolded within the Times I acted as though it was on the level, as though the staff of the Times would have a good-faith debate about Cotton’s piece and the decision to publish it
  • Instead, people wanted to vent and achieve what they considered to be justice, whether through Twitter, Slack, the union or the news pages themselves
  • My colleagues in Opinion, together with the PR team, put together a series of connected tweets describing the purpose behind publishing Cotton’s op-ed. Rather than publish these tweets from the generic Times Opinion Twitter account, Sulzberger encouraged me to do it from my personal one, on the theory that this would humanise our defence. I doubted that would make any difference, but it was certainly my job to take responsibility. So I sent out the tweets, sticking my head in a Twitter bucket that clangs, occasionally, to this day
  • What is worth recalling now from the bedlam of the next two days? I suppose there might be lessons for someone interested in how not to manage a corporate crisis. I began making my own mistakes that Thursday. The union condemned our publication of Cotton, for supposedly putting journalists in danger, claiming that he had called on the military “to ‘detain’ and ‘subdue’ Americans protesting racism and police brutality” – again, a misrepresentation of his argument. The publisher called to tell me the company was experiencing its largest sick day in history; people were turning down job offers because of the op-ed, and, he said, some people were quitting. He had been expecting for some time that the union would seek a voice in editorial decision-making; he said he thought this was the moment the union was making its move. He had clearly changed his own mind about the value of publishing the Cotton op-ed.
  • I asked Dao to have our fact-checkers review the union’s claims. But then I went a step further: at the publisher’s request, I urged him to review the editing of the piece itself and come back to me with a list of steps we could have taken to make it better. Dao’s reflex – the correct one – was to defend the piece as published. He and three other editors of varying ages, genders and races had helped edit it; it had been fact-checked, as is all our work
  • This was my last failed attempt to have the debate within the Times that I had been seeking for four years, about why it was important to present Times readers with arguments like Cotton’s. The staff at the paper never wanted to have that debate. The Cotton uproar was the most extreme version of the internal reaction we faced whenever we published conservative arguments that were not simply anti-Trump. Yes, yes, of course we believe in the principle of publishing diverse views, my Times colleagues would say, but why this conservative? Why this argument?
  • I doubt these changes would have mattered, and to extract this list from Dao was to engage in precisely the hypocrisy I claimed to despise – that, in fact, I do despise. If Cotton needed to be held to such standards of politesse, so did everyone else. Headlines such as “Tom Cotton’s Fascist Op-ed”, the headline of a subsequent piece, should also have been tranquillised.
  • As that miserable Thursday wore on, Sulzberger, Baquet and I held a series of Zoom meetings with reporters and editors from the newsroom who wanted to discuss the op-ed. Though a handful of the participants were there to posture, these were generally constructive conversations. A couple of people, including Baquet, even had the guts to speak up in favour of publishing the op-ed
  • Two moments stick out. At one point, in answer to a question, Sulzberger and Baquet both said they thought the op-ed – as the Times union and many journalists were saying – had in fact put journalists in danger. That was the first time I realised I might be coming to the end of the road.
  • The other was when a pop-culture reporter asked if I had read the op-ed before it was published. I said I had not. He immediately put his head down and started typing, and I should have paid attention rather than moving on to the next question. He was evidently sharing the news with the company over Slack.
  • Every job review I had at the Times urged me to step back from the daily coverage to focus on the long term. (Hilariously, one review, urging me to move faster in upending the Opinion department, instructed me to take risks and “ask for forgiveness not permission”.)
  • I learned when these meetings were over that there had been a new eruption in Slack. Times staff were saying that Rubenstein had been the sole editor of the op-ed. In response, Dao had gone into Slack to clarify to the entire company that he had also edited it himself. But when the Times posted the news article that evening, it reported, “The Op-Ed was edited by Adam Rubenstein” and made no mention of Dao’s statement
  • Early that morning, I got an email from Sam Dolnick, a Sulzberger cousin and a top editor at the paper, who said he felt “we” – he could have only meant me – owed the whole staff “an apology for appearing to place an abstract idea like open debate over the value of our colleagues’ lives, and their safety”. He was worried that I and my colleagues had unintentionally sent a message to other people at the Times that: “We don’t care about their full humanity and their security as much as we care about our ideas.”
  • “I know you don’t like it when I talk about principles at a moment like this,” I began. But I viewed the journalism I had been doing, at the Times and before that at the Atlantic, in very different terms from the ones Dolnick presumed. “I don’t think of our work as an abstraction without meaning for people’s lives – quite the opposite,” I continued. “The whole point – the reason I do this – is to have an impact on their lives to the good. I have always believed that putting ideas, including potentially dangerous one[s], out in the public is vital to ensuring they are debated and, if dangerous, discarded.” It was, I argued, in “edge cases like this that principles are tested”, and if my position was judged wrong then “I am out of step with the times.” But, I concluded, “I don’t think of us as some kind of debating society without implications for the real world and I’ve never been unmindful of my colleagues’ humanity.”
  • in the end, one thing he and I surely agree on is that I was, in fact, out of step with the Times. It may have raised me as a journalist – and invested so much in educating me to what were once its standards – but I did not belong there any more.
  • Finally, I came up with something that felt true. I told the meeting that I was sorry for the pain that my leadership of Opinion had caused. What a pathetic thing to say. I did not think to add, because I’d lost track of this truth myself by then, that opinion journalism that never causes pain is not journalism. It can’t hope to move society forward
  • As I look back at my notes of that awful day, I don’t regret what I said. Even during that meeting, I was still hoping the blow-up might at last give me the chance either to win support for what I had been asked to do, or to clarify once and for all that the rules for journalism had changed at the Times.
  • But no one wanted to talk about that. Nor did they want to hear about all the voices of vulnerable or underprivileged people we had been showcasing in Opinion, or the ambitious new journalism we were doing. Instead, my Times colleagues demanded to know things such as the names of every editor who had had a role in the Cotton piece. Having seen what happened to Rubenstein I refused to tell them. A Slack channel had been set up to solicit feedback in real time during the meeting, and it was filling with hate. The meeting ran long, and finally came to a close after 90 minutes.
  • I tried to insist, as did Dao, that the note make clear the Cotton piece was within our editorial bounds. Sulzberger said he felt the Times could afford to be “silent” on that question. In the end the note went far further in repudiating the piece than I anticipated, saying it should never have been published at all. The next morning I was told to resign.
  • It was a terrible moment for the country. By the traditional – and perverse – logic of journalism, that should also have made it an inspiring time to be a reporter, writer or editor. Journalists are supposed to run towards scenes that others are fleeing, towards hard truths others need to know, towards consequential ideas they would prefer to ignore.
  • But fear got all mixed up with anger inside the Times, too, along with a desire to act locally in solidarity with the national movement. That energy found a focus in the Cotton op-ed
  • the Times is not good at acknowledging mistakes. Indeed, one of my own, within the Times culture, was to take responsibility for any mistakes my department made, and even some it didn’t
  • To Sulzberger, the meltdown over Cotton’s op-ed and my departure in disgrace are explained and justified by a failure of editorial “process”. As he put it in an interview with the New Yorker this summer, after publishing his piece in the Columbia Journalism Review, Cotton’s piece was not “perfectly fact-checked” and the editors had not “thought about the headline and presentation”. He contrasted the execution of Cotton’s opinion piece with that of a months-long investigation the newsroom did of Donald Trump’s taxes (which was not “perfectly fact-checked”, as it happens – it required a correction). He did not explain why, if the Times was an independent publication, an op-ed making a mainstream conservative argument should have to meet such different standards from an op-ed making any other kind of argument, such as for the abolition of the police
  • “It’s not enough just to have the principle and wave it around,” he said. “You also have to execute on it.”
  • To me, extolling the virtue of independent journalism in the pages of the Columbia Journalism Review is how you wave a principle around. Publishing a piece like Cotton’s is how you execute on it.
  • As Sulzberger also wrote in the Review, “Independent journalism, especially in a pluralistic democracy, should err on the side of treating areas of serious political contest as open, unsettled, and in need of further inquiry.
  • If Sulzberger must insist on comparing the execution of the Cotton op-ed with that of the most ambitious of newsroom projects, let him compare it with something really important, the 1619 Project, which commemorated the 400th anniversary of the arrival of enslaved Africans in Virginia.
  • Like Cotton’s piece, the 1619 Project was fact-checked and copy-edited (most of the Times newsroom does not fact-check or copy-edit articles, but the magazine does). But it nevertheless contained mistakes, as journalism often does. Some of these mistakes ignited a firestorm among historians and other readers.
  • And, like Cotton’s piece, the 1619 Project was presented in a way the Times later judged to be too provocative.
  • The Times declared that the 1619 Project “aims to reframe the country’s history, understanding 1619 as our true founding”. That bold statement – a declaration of Times fact, not opinion, since it came from the newsroom – outraged many Americans who venerated 1776 as the founding. The Times later stealthily erased it from the digital version of the project, but was caught doing so by a writer for the publication Quillette. Sulzberger told me during the initial uproar that the top editors in the newsroom – not just Baquet but his deputy – had not reviewed the audacious statement of purpose, one of the biggest editorial claims the paper has ever made. They also, of course, did not edit all the pieces themselves, trusting the magazine’s editors to do that work.
  • If the 1619 Project and the Cotton op-ed shared the same supposed flaws and excited similar outrage, how come that one is lauded as a landmark success and the other is a sackable offence?
  • I am comparing them only to meet Sulzberger on his terms, in order to illuminate what he is trying to elide. What distinguished the Cotton piece was not an error, or strong language, or that I didn’t edit it personally. What distinguished that op-ed was not process. It was politics.
  • It is one thing for the Times to aggravate historians, or conservatives, or even old-school liberals who believe in open debate. It has become quite another for the Times to challenge some members of its own staff with ideas that might contradict their view of the world.
  • The lessons of the incident are not about how to write a headline but about how much the Times has changed – how digital technology, the paper’s new business model and the rise of new ideals among its staff have altered its understanding of the boundary between news and opinion, and of the relationship between truth and justice
  • Ejecting me was one way to avoid confronting the question of which values the Times is committed to. Waving around the word “process” is another.
  • As he asserts the independence of Times journalism, Sulzberger is finding it necessary to reach back several years to another piece I chose to run, for proof that the Times remains willing to publish views that might offend its staff. “We’ve published a column by the head of the part of the Taliban that kidnapped one of our own journalists,” he told the New Yorker. He is missing the real lesson of that piece, as well.
  • The case against that piece is that Haqqani, who remains on the FBI’s most-wanted terrorist list, may have killed Americans. It’s puzzling: in what moral universe can it be a point of pride to publish a piece by an enemy who may have American blood on his hands, and a matter of shame to publish a piece by an American senator arguing for American troops to protect Americans?
  • As Mitch McConnell, then the majority leader, said on the Senate floor about the Times’s panic over the Cotton op-ed, listing some other debatable op-ed choices, “Vladimir Putin? No problem. Iranian propaganda? Sure. But nothing, nothing could have prepared them for 800 words from the junior senator from Arkansas.”
  • The Times’s staff members are not often troubled by obnoxious views when they are held by foreigners. This is an important reason the paper’s foreign coverage, at least of some regions, remains exceptional.
  • What seems most important and least understood about that episode is that it demonstrated in real time the value of the ideals that I poorly defended in the moment, ideals that not just the Times’s staff but many other college-educated Americans are abandoning.
  • After all, we ran the experiment; we published the piece. Was any Times journalist hurt? No. Nobody in the country was. In fact, though it is impossible to know the op-ed’s precise effect, polling showed that support for a military option dropped after the Times published the essay, as the Washington Post’s media critic, Erik Wemple, has written
  • If anything, in other words, publishing the piece stimulated debate that made it less likely Cotton’s position would prevail. The liberal, journalistic principle of open debate was vindicated in the very moment the Times was fleeing from it.
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Dying Infants and No Medicine: Inside Venezuela's Failing Hospitals - The New York Times - 0 views

  • Dying Infants and No Medicine: Inside Venezuela’s Failing Hospitals
  • “The death of a baby is our daily bread,” said Dr. Osleidy Camejo, a surgeon in the nation’s capital, Caracas, referring to the toll from Venezuela’s collapsing hospitals.
  • It is just part of a larger unraveling here that has become so severe it has prompted President Nicolás Maduro to impose a state of emergency and has raised fears of a government collapse.
  • ...13 more annotations...
  • Gloves and soap have vanished from some hospitals. Often, cancer medicines are found only on the black market. There is so little electricity that the government works only two days a week to save what energy is left.
  • At the University of the Andes Hospital in the mountain city of Mérida, there was not enough water to wash blood from the operating table. Doctors preparing for surgery cleaned their hands with bottles of seltzer water.
  • The hospital has no fully functioning X-ray or kidney dialysis machines because they broke long ago. And because there are no open beds, some patients lie on the floor in pools of their blood.
  • This nation has the largest oil reserves in the world, yet the government saved little money for hard times when oil prices were high.
  • So without water, gloves, soap or antibiotics, a group of surgeons prepared to remove an appendix that was about to burst, even though the operating room was still covered in another patient’s blood.
  • In April, the authorities arrested its director, Aquiles Martínez, and removed him from his post. Local news reports said he was accused of stealing equipment meant for the hospital, including machines to treat people with respiratory illnesses, as well as intravenous solutions and 127 boxes of medicine.
  • In a supply room, cockroaches fled as the door swung open.
  • Ms. Parucho, a diabetic, was unable to receive kidney dialysis because the machines were broken. An infection had spread to her feet, which were black that night. She was going into septic shock.
  • A holiday had been declared by the government to save electricity, and the blood bank took donations only on workdays.
  • For the past two and a half months, the hospital has not had a way to print X-rays. So patients must use a smartphone to take a picture of their scans and take them to the proper doctor.
  • Near him, a handwritten sign read, “We sell antibiotics — negotiable.” A black-market seller’s number was listed.
  • The ninth floor of the hospital is the maternity ward, where the seven babies had died the day before. A room at the end of the hall was filled with broken incubators.
  • The day of the power blackout, Dr. Rodríguez said, the hospital staff tried turning on the generator, but it did not work.
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Britain faces another political shock. It may matter more than Brexit. - The Washington... - 0 views

  • whence Britain’s radicalization? One answer is that respectable nationwide averages mask the tough experiences of subgroups. Between 2010-2011 and 2014-2015, more than a third of Britons suffered a fall in household income of more than 5 percent. Those depending heavily on the state have suffered the effects of harsh cuts in government spending. Young workers, who have provided much of the support for Labour’s lurch leftward, have fared worse than old ones. The shocking price of homes has made it difficult for non-owners to live in regions with good job prospects.
  • But the larger explanation is cultural. On the left and the right, there is a sense that society is changing rapidly and unfairly. The right-wing version of this insecurity centers on migration. Between 1964 and 1989, the number of migrants arriving to live in Britain never exceeded 250,000 in a year. But in the two years leading up to the Brexit vote, new arrivals exceeded 600,000 annually. When Conservative populists rant xenophobically about “taking back control,” they are exploiting the backlash from that surge in foreign voices.
  • left-wing cultural insecurity centers on a form of inequality that goes beyond the data on incomes, encompassing ownership of assets and the sense of job stability. The haves can count on a salaried job, a stake in the housing market and perhaps some corporate shares or share options. The have-nots face short-term work contracts, high rents and no prospect of a stake in the profits generated by capitalism.
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  • When the Labour Party proposes “community control” of companies and a redistribution of their stock, it is tapping into this frustration.
  • For onlookers outside Britain, the radicalization of a once sensible and moderate political culture should stand as a warning. Globalization and technological change, which are about to intensify thanks to breakthroughs in artificial intelligence, generate similar insecurities across the mature democracies.
  • What Britain teaches is that when centrists fail to address these challenges, populists of left and right will fill the void.
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'Fiction is outperforming reality': how YouTube's algorithm distorts truth | Technology... - 0 views

  • There are 1.5 billion YouTube users in the world, which is more than the number of households that own televisions. What they watch is shaped by this algorithm, which skims and ranks billions of videos to identify 20 “up next” clips that are both relevant to a previous video and most likely, statistically speaking, to keep a person hooked on their screen.
  • Company insiders tell me the algorithm is the single most important engine of YouTube’s growth
  • YouTube engineers describe it as one of the “largest scale and most sophisticated industrial recommendation systems in existence”
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  • Lately, it has also become one of the most controversial. The algorithm has been found to be promoting conspiracy theories about the Las Vegas mass shooting and incentivising, through recommendations, a thriving subculture that targets children with disturbing content
  • One YouTube creator who was banned from making advertising revenues from his strange videos – which featured his children receiving flu shots, removing earwax, and crying over dead pets – told a reporter he had only been responding to the demands of Google’s algorithm. “That’s what got us out there and popular,” he said. “We learned to fuel it and do whatever it took to please the algorithm.”
  • academics have speculated that YouTube’s algorithms may have been instrumental in fuelling disinformation during the 2016 presidential election. “YouTube is the most overlooked story of 2016,” Zeynep Tufekci, a widely respected sociologist and technology critic, tweeted back in October. “Its search and recommender algorithms are misinformation engines.”
  • Those are not easy questions to answer. Like all big tech companies, YouTube does not allow us to see the algorithms that shape our lives. They are secret formulas, proprietary software, and only select engineers are entrusted to work on the algorithm
  • Guillaume Chaslot, a 36-year-old French computer programmer with a PhD in artificial intelligence, was one of those engineers.
  • The experience led him to conclude that the priorities YouTube gives its algorithms are dangerously skewed.
  • Chaslot said none of his proposed fixes were taken up by his managers. “There are many ways YouTube can change its algorithms to suppress fake news and improve the quality and diversity of videos people see,” he says. “I tried to change YouTube from the inside but it didn’t work.”
  • Chaslot explains that the algorithm never stays the same. It is constantly changing the weight it gives to different signals: the viewing patterns of a user, for example, or the length of time a video is watched before someone clicks away.
  • The engineers he worked with were responsible for continuously experimenting with new formulas that would increase advertising revenues by extending the amount of time people watched videos. “Watch time was the priority,” he recalls. “Everything else was considered a distraction.”
  • Chaslot was fired by Google in 2013, ostensibly over performance issues. He insists he was let go after agitating for change within the company, using his personal time to team up with like-minded engineers to propose changes that could diversify the content people see.
  • He was especially worried about the distortions that might result from a simplistic focus on showing people videos they found irresistible, creating filter bubbles, for example, that only show people content that reinforces their existing view of the world.
  • “YouTube is something that looks like reality, but it is distorted to make you spend more time online,” he tells me when we meet in Berkeley, California. “The recommendation algorithm is not optimising for what is truthful, or balanced, or healthy for democracy.”
  • YouTube told me that its recommendation system had evolved since Chaslot worked at the company and now “goes beyond optimising for watchtime”.
  • It did not say why Google, which acquired YouTube in 2006, waited over a decade to make those changes
  • Chaslot believes such changes are mostly cosmetic, and have failed to fundamentally alter some disturbing biases that have evolved in the algorithm
  • It finds videos through a word search, selecting a “seed” video to begin with, and recording several layers of videos that YouTube recommends in the “up next” column. It does so with no viewing history, ensuring the videos being detected are YouTube’s generic recommendations, rather than videos personalised to a user. And it repeats the process thousands of times, accumulating layers of data about YouTube recommendations to build up a picture of the algorithm’s preferences.
  • Each study finds something different, but the research suggests YouTube systematically amplifies videos that are divisive, sensational and conspiratorial.
  • When his program found a seed video by searching the query “who is Michelle Obama?” and then followed the chain of “up next” suggestions, for example, most of the recommended videos said she “is a man”
  • He believes one of the most shocking examples was detected by his program in the run-up to the 2016 presidential election. As he observed in a short, largely unnoticed blogpost published after Donald Trump was elected, the impact of YouTube’s recommendation algorithm was not neutral during the presidential race: it was pushing videos that were, in the main, helpful to Trump and damaging to Hillary Clinton.
  • “It was strange,” he explains to me. “Wherever you started, whether it was from a Trump search or a Clinton search, the recommendation algorithm was much more likely to push you in a pro-Trump direction.”
  • Trump won the electoral college as a result of 80,000 votes spread across three swing states. There were more than 150 million YouTube users in the US. The videos contained in Chaslot’s database of YouTube-recommended election videos were watched, in total, more than 3bn times before the vote in November 2016.
  • “Algorithms that shape the content we see can have a lot of impact, particularly on people who have not made up their mind,”
  • “Gentle, implicit, quiet nudging can over time edge us toward choices we might not have otherwise made.”
  • But what was most compelling was how often Chaslot’s software detected anti-Clinton conspiracy videos appearing “up next” beside other videos.
  • I spent weeks watching, sorting and categorising the trove of videos with Erin McCormick, an investigative reporter and expert in database analysis. From the start, we were stunned by how many extreme and conspiratorial videos had been recommended, and the fact that almost all of them appeared to be directed against Clinton.
  • “This research captured the apparent direction of YouTube’s political ecosystem,” he says. “That has not been done before.”
  • There were too many videos in the database for us to watch them all, so we focused on 1,000 of the top-recommended videos. We sifted through them one by one to determine whether the content was likely to have benefited Trump or Clinton. Just over a third of the videos were either unrelated to the election or contained content that was broadly neutral or even-handed. Of the remaining 643 videos, 551 were videos favouring Trump, while only only 92 favoured the Clinton campaign.
  • The sample we had looked at suggested Chaslot’s conclusion was correct: YouTube was six times more likely to recommend videos that aided Trump than his adversary.
  • The spokesperson added: “Our search and recommendation systems reflect what people search for, the number of videos available, and the videos people choose to watch on YouTube. That’s not a bias towards any particular candidate; that is a reflection of viewer interest.”
  • YouTube seemed to be saying that its algorithm was a neutral mirror of the desires of the people who use it – if we don’t like what it does, we have ourselves to blame. How does YouTube interpret “viewer interest” – and aren’t “the videos people choose to watch” influenced by what the company shows them?
  • Offered the choice, we may instinctively click on a video of a dead man in a Japanese forest, or a fake news clip claiming Bill Clinton raped a 13-year-old. But are those in-the-moment impulses really a reflect of the content we want to be fed?
  • YouTube’s recommendation system has probably figured out that edgy and hateful content is engaging. “This is a bit like an autopilot cafeteria in a school that has figured out children have sweet teeth, and also like fatty and salty foods,” she says. “So you make a line offering such food, automatically loading the next plate as soon as the bag of chips or candy in front of the young person has been consumed.”
  • Once that gets normalised, however, what is fractionally more edgy or bizarre becomes, Tufekci says, novel and interesting. “So the food gets higher and higher in sugar, fat and salt – natural human cravings – while the videos recommended and auto-played by YouTube get more and more bizarre or hateful.”
  • “This is important research because it seems to be the first systematic look into how YouTube may have been manipulated,” he says, raising the possibility that the algorithm was gamed as part of the same propaganda campaigns that flourished on Twitter and Facebook.
  • “We believe that the activity we found was limited because of various safeguards that we had in place in advance of the 2016 election, and the fact that Google’s products didn’t lend themselves to the kind of micro-targeting or viral dissemination that these actors seemed to prefer.”
  • Senator Mark Warner, the ranking Democrat on the intelligence committee, later wrote to the company about the algorithm, which he said seemed “particularly susceptible to foreign influence”. The senator demanded to know what the company was specifically doing to prevent a “malign incursion” of YouTube’s recommendation system. Walker, in his written reply, offered few specifics
  • Tristan Harris, a former Google insider turned tech whistleblower, likes to describe Facebook as a “living, breathing crime scene for what happened in the 2016 election” that federal investigators have no access to. The same might be said of YouTube. About half the videos Chaslot’s program detected being recommended during the election have now vanished from YouTube – many of them taken down by their creators. Chaslot has always thought this suspicious. These were videos with titles such as “Must Watch!! Hillary Clinton tried to ban this video”, watched millions of times before they disappeared. “Why would someone take down a video that has been viewed millions of times?” he asks
  • I shared the entire database of 8,000 YouTube-recommended videos with John Kelly, the chief executive of the commercial analytics firm Graphika, which has been tracking political disinformation campaigns. He ran the list against his own database of Twitter accounts active during the election, and concluded many of the videos appeared to have been pushed by networks of Twitter sock puppets and bots controlled by pro-Trump digital consultants with “a presumably unsolicited assist” from Russia.
  • “I don’t have smoking-gun proof of who logged in to control those accounts,” he says. “But judging from the history of what we’ve seen those accounts doing before, and the characteristics of how they tweet and interconnect, they are assembled and controlled by someone – someone whose job was to elect Trump.”
  • After the Senate’s correspondence with Google over possible Russian interference with YouTube’s recommendation algorithm was made public last week, YouTube sent me a new statement. It emphasised changes it made in 2017 to discourage the recommendation system from promoting some types of problematic content. “We appreciate the Guardian’s work to shine a spotlight on this challenging issue,” it added. “We know there is more to do here and we’re looking forward to making more announcements in the months ahead.”
  • In the months leading up to the election, the Next News Network turned into a factory of anti-Clinton news and opinion, producing dozens of videos a day and reaching an audience comparable to that of MSNBC’s YouTube channel. Chaslot’s research indicated Franchi’s success could largely be credited to YouTube’s algorithms, which consistently amplified his videos to be played “up next”. YouTube had sharply dismissed Chaslot’s research.
  • I contacted Franchi to see who was right. He sent me screen grabs of the private data given to people who upload YouTube videos, including a breakdown of how their audiences found their clips. The largest source of traffic to the Bill Clinton rape video, which was viewed 2.4m times in the month leading up to the election, was YouTube recommendations.
  • The same was true of all but one of the videos Franchi sent me data for. A typical example was a Next News Network video entitled “WHOA! HILLARY THINKS CAMERA’S OFF… SENDS SHOCK MESSAGE TO TRUMP” in which Franchi, pointing to a tiny movement of Clinton’s lips during a TV debate, claims she says “fuck you” to her presidential rival. The data Franchi shared revealed in the month leading up to the election, 73% of the traffic to the video – amounting to 1.2m of its views – was due to YouTube recommendations. External traffic accounted for only 3% of the views.
  • many of the other creators of anti-Clinton videos I spoke to were amateur sleuths or part-time conspiracy theorists. Typically, they might receive a few hundred views on their videos, so they were shocked when their anti-Clinton videos started to receive millions of views, as if they were being pushed by an invisible force.
  • In every case, the largest source of traffic – the invisible force – came from the clips appearing in the “up next” column. William Ramsey, an occult investigator from southern California who made “Irrefutable Proof: Hillary Clinton Has a Seizure Disorder!”, shared screen grabs that showed the recommendation algorithm pushed his video even after YouTube had emailed him to say it violated its guidelines. Ramsey’s data showed the video was watched 2.4m times by US-based users before election day. “For a nobody like me, that’s a lot,” he says. “Enough to sway the election, right?”
  • Daniel Alexander Cannon, a conspiracy theorist from South Carolina, tells me: “Every video I put out about the Clintons, YouTube would push it through the roof.” His best-performing clip was a video titled “Hillary and Bill Clinton ‘The 10 Photos You Must See’”, essentially a slideshow of appalling (and seemingly doctored) images of the Clintons with voiceover in which Cannon speculates on their health. It has been seen 3.7m times on YouTube, and 2.9m of those views, Cannon said, came from “up next” recommendations.
  • his research also does something more important: revealing how thoroughly our lives are now mediated by artificial intelligence.
  • Less than a generation ago, the way voters viewed their politicians was largely shaped by tens of thousands of newspaper editors, journalists and TV executives. Today, the invisible codes behind the big technology platforms have become the new kingmakers.
  • They pluck from obscurity people like Dave Todeschini, a retired IBM engineer who, “let off steam” during the election by recording himself opining on Clinton’s supposed involvement in paedophilia, child sacrifice and cannibalism. “It was crazy, it was nuts,” he said of the avalanche of traffic to his YouTube channel, which by election day had more than 2m views
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How the Fed Should Fight Climate Change - The Atlantic - 0 views

  • Mark Carney, a former Goldman Sachs director who now leads the Bank of England, sounded a warning. Global warming, he said, could send the world economy spiraling into another 2008-like crisis
  • He called for central banks to act aggressively and immediately to reduce the risk of climate-related catastrophe
  • the U.S. Federal Reserve was the pivotal American institution in stopping a second Great Depression. Its actions were “historically unprecedented, spectacular in scale,” he writes, and widely understood by experts to be the “decisive innovation of the crisis.”
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  • “If the world is to cope with climate change, policymakers will need to pull every lever at their disposal,” he writes. “Faced with this threat, to indulge in the idea that central banks, as key agencies of the state, can limit themselves to worrying about financial stability … is its own form of denial.”
  • In England, by contrast, Carney has convened 33 central banks to investigate how to “green the financial system.” According to Axios, every powerful central bank is working with him—except for Banco do Brasil and the Fed.
  • Mark Carney, the governor of the Bank of England, in 2015, in a speech which has subsequently received massive coverage—and he is a man, after all, absolutely of the global financial establishment—coined the idea of a climate Minsky moment. [Editor’s note: A Minsky moment is when an asset’s price suddenly collapses after a long period of growth.]
  • We would need [fossil-fuel assets] to be on the balance sheet of actors who were under huge pressure in a fire-sale situation and who couldn’t deal with a sudden revaluation. We would need an entire network of causation to be there, which is what produced the unique crisis of 2007 to 2008.
  • So imagine that we stay on our current path, and we’re headed toward 3 or 4 degrees’ [Celsius] temperature change. And then imagine some of the nonlinearities kick in, which the climate scientists tell us about, and we face a Fukushima-style event.
  • What happens next? You then get nervous democratic politicians—and not necessarily those who are known for their populism, but just nervous democratic politicians—suddenly deciding that we have to stop doing one or another part of our carbon-based economy. It has to stop, and it has to stop immediately. And then you get big shocks. Then you get sudden revaluations.
  • In other words, the success of the delaying tactics of the carbon lobby create a situation in which we’re then faced with the possibility of a sudden regulatory shock
  • “One-third of equity and fixed income assets issued in global financial markets can be classified as belonging to the natural resource and extraction sectors, as well as carbon-intensive power utilities, chemicals, construction, and industrial goods firms.”
  • Whether that will, in fact, ease the formation of majorities in Congress is another question. Because, after all, it does somehow have to get through the Senate, you know.
  • Germany is far, far more exposed. A huge slice of their economy is basically all about internal combustion engines, and so that number includes all of those stocks, for sure.
  • If we saw a huge shock to, say, European equity [exchange-traded funds], which were heavily in German automotive, that’s the sort of trigger that we might be looking at.
  • This is not simply a zero-sum game; this is a structural transformation that has many very attractive properties. There’s loads of excellent jobs that could be created in this kind of transition.There’s no reason why, even by conventional GDP-type metrics, it need even be associated with the kind of feel-bad factor of slow GDP growth. Then [you could] also link it to a revival of social democracy for the United States. From a progressive political point of view, that’s obviously extremely attractive.
  • there’s also a deeper view: that climate change is the situation within which all other politics will happen for the next several generations, at least.
  • ever since the 1990s that’s been the logjam on any serious American commitment.
  • When you look at a third of securities tied up in the carbon economy and the evidence for decoupling GDP growth from carbon emissions maybe not being as strong as we’d like, do you think the change that needs to happen is realistic?
  • Tooze: Realistic? No. I mean, depends what you mean by realism. The scale of the challenge requires a boldness of action for which there is no precedent. That’s the only good purpose that the war analogies serve
  • Meyer: In your piece, you write: “Those in the United States who call for a Green New Deal or a Green Marshall Plan are, if anything, understating the scale of what is needed.”
  • Do you think climate action needs to be larger than, say, the U.S. mobilization for World War II?
  • Tooze: Well, less large in absolute terms. Because even the U.S. was spending almost 40 percent of GDP on World War II. And if you’re the Soviet Union, you’re spending 55 to 60 percent in 1940. We don’t need to do anything like that. It needs to be much bigger than the New Deal, which in fiscal-policy terms was really quite trivial.
  • Crucially, what makes it totally unlike the war is that there’s no happy end. There’s no moment where you win and then everything goes back to the way it was before, but just better. That’s a misunderstanding
  • This isn’t crash dieting; this is a permanent change in lifestyle, and we need to love that and we need to live it and we need to own it and we need to reconcile ourselves to the fact that this is for us and for all subsequent generations of humans.
  • It isn’t just the oil and gas majors, because they wouldn’t get you to 30 percent. Exxon isn’t big enough to get you to that kind of percentage. It’s Exxon, and [the major automakers] Daimler and BMW, and the entire carbon-exposed complex.
  • all the really hard choices need to be made by people like China and India and Pakistan and Bangladesh and Indonesia
  • You don’t have that very much in Germany. There isn’t anyone in Germany saying, “Which bit of mid-20th-century history is this most like?,” mercifully. The one analogy that has popped up in Germany is reunification, which I actually think is quite a good one, because that’s still an ongoing problem
  • in the American case, it would be civil rights and Reconstruction, which isn’t a particularly optimistic comparison to draw. It’s an ongoing problem, it’s a deep historic problem, it only happened once, we still haven’t fixed it, and we’re not at peace.
  • Meyer: There’s a kind of shallow view of climate change: that it is something we need to avert or stop. And that’s somewhat true
  • furthermore—and much more fundamentally than any of those things—this isn’t really about America. I mean, America can be an obstacle and get in the way, but none of the really hard choices needs to be made by Americ
  • like Reconstruction or the civil-rights movement, it needs to be something that people take on like a moral commitment, in the same way they take on genocide prevention as a moral commitment
  • problems that we thought we’d fixed, like the Green Revolution and the feeding of the world population, for instance—totally not obvious that those fixes cope with the next 20 years of what’s ahead of us. The food problem that was such an oppressive issue globally in the 1970s may resurge in an absolutely dramatic way.
  • Meyer: Given all that, if Jerome Powell decided that he wanted to intervene on the side of climate action, what could he do? What could the Fed do?
  • Tooze: What I think the Fed should announce is that it enthusiastically supports the idea of a bipartisan infrastructure push focused on the American electrical network, first and foremost, so that we can actually hook up the renewable-generating capacity—which is now eminently, you know, realistic in economic terms. Setting a backstop to a a fiscal-side-led investment push is the obvious thing.
  • It is indeed a highly appropriate response to an environment of extremely low interest rates, and [former Treasury Secretary] Larry Summers & Co. would argue that it might help, as it were, to suck us out of the state of secular stagnation that we’re in.
  • another avenue to go down—for the Fed to take a role in helping develop a classification of green bonds, of green financing, with a view also to rolling out comprehensive demands for disclosure on the part of American firms, for climate risks to be fully declared on balance sheets, and for due recognition to be given to firms that are in the business of proactively preparing themselves for decarbonization.
  • You could, for instance, declare that the Fed views with disfavor the role of several large American banks in continuing to fund coal investment. Some of the carbon-tracking NGOs have done very good work showing and exposing the way in which some of the largest, the most reputable American banks are still in the business of lending to Big Coal. Banking regulation could be tweaked in a way that would produce a tilt against that.
  • the classic role of the Fed is to support government-issued debt. Insofar as the Green New Deal is a government-issued business, the Fed has just an absolutely historical warrant for supporting fiscal action.
  • with regards to the broader economy, the entire federal-government apparatus essentially stood behind the spread of home ownership in the United States and the promotion of suburbanization through the credit system. And kind of what we need is a Fannie Mae and Freddie Mac for the energy transition.
  • if the question is, Is there historical warrant for the financial agencies of government in the United States biasing the property structure in the economy in a certain way?, the answer is emphatically yes—all the way down to the grotesque role of the New Deal financial apparatus in enshrining the racial segregation of the American urban space, with massive effects from the 1930s onward.
  • The idea of neutrality should not even be allowed in the room in this argument. It’s a question of where we want to be biased. If you look at QE, especially in the U.K. and the EU, it was effectively fossil-biased.
  • monetary policy is not neutral with regards to the environment. There’s no safe space here. The only question is whether you’re going to lead in the right way
  • Meyer: Last question. With any of this, is there a role for interested Americans to play if they are not particularly tied to the financial- or monetary-policy elite?
  • Tooze: Support your congressperson in doing exactly what AOC did in the hearings with Powell a couple of weeks ago
  • [Editor’s Note: Representative Alexandria Ocasio-Cortez asked Powell whether inflation and unemployment are still closely connected, as the Fed has long argued.]
  • Applaud, follow with interest, raise questions. That’s exactly what needs to be happening. The politicization of monetary policy is a fact.
  • If we don’t raise these questions, the de facto politics is, more often than not, conservative and status quo–oriented. So this, like any other area, is one where citizens—whether they’re educated and informed or not—need to wise up, get involved, and follow the arguments and develop positions.
  • So applaud your congresspeople when they do exactly what AOC was doing in that situation. In many ways, I thought it was one of the most hopeful scenes I’ve seen in that kind of hearing in a long time.
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'We can't go back to normal': how will coronavirus change the world? | World news | The... - 0 views

  • Every day brings news of developments that, as recently as February, would have felt impossible – the work of years, not mere days.
  • disasters and emergencies do not just throw light on the world as it is. They also rip open the fabric of normality. Through the hole that opens up, we glimpse possibilities of other worlds
  • he pessimistic view is that a crisis makes bad things worse.
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  • “In a rational world, we would be ramping up production of basic essential supplies – test kits, masks, respirators – not only for our own use, but for poorer countries, too. Because it’s all one battle. But it’s not necessarily a rational world. So there could be a lot of demonisation and calls for isolation. Which will mean more deaths and more suffering worldwide.”
  • prior to 9/11, the US government had been in the process of developing serious regulations designed to give web users real choice about how their personal information was and wasn’t used. “In the course of a few days,” Zuboff says, “the concern shifted from ‘How do we regulate these companies that are violating privacy norms and rights’ to ‘How do we nurture and protect these companies so they can collect data for us?’”
  • “People have a hard time remembering privacy rights when they’re trying to deal with something like a pandemic,” says Vasuki Shastry, a Chatham House fellow who studies the interplay of technology and democracy. “Once a system gets scaled up, it can be very difficult to scale it back down. And then maybe it takes on other uses.”
  • The US Department of Justice has, since the outbreak began, filed a request with Congress for a new rule that would allow judges to suspend courtroom proceedings in emergencies, creating the possibility of people being jailed without ever being able to formally object.
  • In a 2008 report on the legal aspects of pandemic response, prompted by the increase in pandemic flu outbreaks, a team of historians and medical ethicists assembled by the American Civil Liberties Union bemoaned a common tendency – resurgent, in their view, since 9/11 – for government to address public health problems using mindsets more appropriate to tracking down criminals.
  • here’s another school of thought that looks at crisis and sees glimmers of possibility
  • “Ideas that used to be seen as leftwing seem more reasonable to more people. There’s room for change that there wasn’t beforehand. It’s an opening.”
  • Covid-19 has revealed the political status quo to be broken. Long before anyone had heard of the new coronavirus, people died of diseases we knew how to prevent and treat. People lived precarious lives in societies awash with wealth. Experts told us about catastrophic threats on the horizon, including pandemics, and we did next to nothing to prepare for them
  • At the same time, the drastic measures governments have taken in recent weeks testify to just how much power the state does have – the extent of what government can accomplish (and quickly!) when it realises it must act boldly or risk being seen as fundamentally illegitimate. As Pankaj Mishra recently wrote: “It has taken a disaster for the state to assume its original responsibility to protect citizens.”
  • For years, in mainstream politics the conventional line – on everything from healthcare to basic living expenses such as housing – has been that even if the world has its problems, expansive government intervention is not a feasible solution
  • Instead, we have been told that what works best are “marketplace” solutions, which give large roles to corporations motivated not by outdated notions like “the public good” but by a desire to make a profit
  • From this perspective, the task today is not to fight the virus in order to return to business as usual, because business as usual was already a disaster. The goal, instead, is to fight the virus – and in doing so transform business as usual into something more humane and secure.
  • disasters opened up human reserves of improvisation, solidarity and resolve, pockets of purpose and joy, even in the midst of loss and pain
  • In her 2007 book, The Shock Doctrine, the Canadian writer Naomi Klein laid out a dark account of crisis politics. In Klein’s view, there is always Disaster 1 – the earthquake, the storm, the military conflict, the economic slump – and Disaster 2 – the bad things that people with power subsequently get up to, such as ramming through extreme economic reforms or gobbling up post-crisis opportunities for self-enrichment, while the rest of us are too dazed to notice
  • Both address crisis not in terms of what inevitably – or “naturally” – happens as they unfold, but in terms of choices that people make along the way. And both were well-timed to contribute to the political conversations taking shape in the rubble of the financial crash
  • We may not quite all be “in it together” – as always, the poor are hit worse – but there is more truth to the idea than there ever was in the wake of 2008.
  • In this, the optimists believe, there is hope that we might begin to see the world differently.
  • Maybe we can view our problems as shared, and society as more than just a mass of individuals competing against each other for wealth and standing. Maybe, in short, we can understand that the logic of the market should not dominate as many spheres of human existence as we currently allow it to.
  • in the years since publishing The Shock Doctrine, Klein has made climate change her central focus, framing it as the paradigmatic emergency that must be wrenched from the clutches of fossil-fuel profiteers and their enablers in government.
  • the two problems have suggestive similarities. Both will require unusual levels of global cooperation. Both demand changes in behaviour today in the name of reducing suffering tomorrow. Both problems were long predicted with great certainty by scientists, and have been neglected by governments unable to see beyond the next fiscal quarter’s growth statistics
  • both will require governments to take drastic action and banish the logic of the marketplace from certain realms of human activity, while simultaneously embracing public investment.
  • “What is possible politically is fundamentally different when lots of people get into emergency mode – when they fundamentally accept that there’s danger, and that if we want to be safe we need to do everything we can. And it’s been interesting to see that theory validated by the response to the coronavirus
  • Now the challenge is to keep emergency mode activated about climate, where the dangers are orders of magnitude greater. We can’t think we’re going to go ‘back to normal’, because things weren’t normal.”
  • Most people do not feel they or their loved ones could die from the climate crisis this month, and so emergency mode is harder to activate and sustain
  • Alongside these hopeful signs, a far less heartening story is unfolding, which fits Klein’s “shock doctrine” framework. Disaster 1: Covid-19. Disaster 2: the dismantling of even the meagre existing rules designed to protect the environment
  • advocacy groups funded by the plastics industry have launched a public relations blitz on behalf of single-use plastic bags, spreading the unproven claim that the virus is less likely to stick to plastic than to the cloth fabric of reusable bags.
  • On 26 March, following lobbying from the energy industry, the US Environmental Protection Agency announced that, in recognition of the pandemic’s effects on the workforce, it will not punish violations of pollution regulations so long as companies can link those violations to the pandemic. China’s environmental ministry has started waiving inspections that assess the environmental impact of industrial facilitie
  • “It’s good that we’re entering emergency mode about the pandemic,” she said. “But unless we also do it for climate … ” She didn’t finish the sentence.
  • We need to learn to be scared together, to agree on what we’re terrified about.” Only then, she said, would governments be forced to act.
  • The historian Philip Mirowski, author of Never Let a Serious Crisis Go to Waste: How Neoliberalism Survived the Financial Meltdown, warns against complacency. “The left thought it was so obvious to everyone that the crisis revealed the utter bankruptcy of a certain way of looking at the economy,” he told me. “And it wasn’t obvious to everyone, and the left lost.”
  • How do we prevent the world from going back to a version of the way it was before Covid-19, with the virus vanquished but all of the old ongoing disasters still unfolding?
  • “The political outcome of the epidemic,” said Mike Davis, “will, like all political outcomes, be decided by struggle, by battles over interpretation, by pointing out what causes problems and what solves them. And we need to get that analysis out in the world any way we can.”
  • the past few weeks have exposed the fact that the biggest things can always change, at any minute. This simple truth, both destabilising and liberating, is easy to forget. We’re not watching a movie: we’re writing one, together, until the end
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The Black Death led to the demise of feudalism. Could this pandemic have a similar effe... - 0 views

  • The plague, in combination with a host of other related and overlapping crises, delivered a death blow to Medieval Europe, ushering in a new age — the Renaissance and the rise of so-called agrarian capitalism — and ultimately setting the stage for the Industrial Revolution and the modern world.
  • the calamitous 14th century is not as far removed from our own experience as we would like to think.
  • Since the Second World War, we have experienced an unprecedented period of economic growth, and so it was for Medieval Europe on the eve of the Black Death
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  • First and foremost, the climate was changing. Sound familiar? Medieval Europe benefitted from several centuries of warmer weather, which boosted crop yields, but by the 14th century, the world was entering the so-called Little Ice Age
  • As the population grew, increasingly marginal land was turned over to agriculture, with diminishing returns, resulting in lower yields per capita and pushing the population dangerously close to subsistence levels. This left little slack in the economy to absorb a significant shock, and the 14th century would soon bring one shock after another.
  • From AD 1000, Europe's population doubled or even tripled, and the economy became increasingly commercialized, underwritten by an increasingly sophisticated financial system, as new cities and towns emerged, universities were founded across the continent, and the magnificent Gothic cathedrals surpassed the Great Pyramid at Giza as the tallest man-made structures in the world.
  • At the same time, Europe entered a prolonged period of heightened geopolitical conflict, during which a dizzying array of kingdoms, principalities, sultanates and city-states waged innumerable wars, both large and small.
  • beginning in 1311, Europe began to experience a series of crop failures across the continent in what became known as the Great Famine. Reaching a peak in northern Europe in 1315-1317, the Great Famine may have killed 5 to 10% of Europe's population
  • Cooler and wetter weather depressed agricultural yields, at a time when there was already very little slack in the food supply. This contributed to a broader economic slowdown, as yields declined and prices rose, but it also brought Europe to the edge of famine.
  • These conflicts inhibited trade between northern and southern Europe and between western Europe and the eastern Mediterranean, further slowing the European economy and incurring a massive fiscal burden that would soon ruin the European financial system and provoke uprisings in both France and England
  • Northern Italy was the heart of the financial system at this time, and a small number of very large Italian banks, often referred to as "super-companies," were lending huge sums of money across Europe
  • All available money was loaned out or tied up in investments, leaving the banks severely under-capitalized and vulnerable to insolvency in the event of a sudden large withdraw or a major default on their loans.
  • war broke out between England and France in 1294, prompting King Edward I to withdraw huge sums of money from the Riccardi of Lucca, approximately equivalent to several billion dollars today. The Riccardi simply did not have the money, and Edward seized whatever assets he could. Then, over the following decades, three more super banks, the Frescobaldi, the Bardi and the Peruzzi, all of Florence, were each ruined by successive English kings who refused to pay their debts.
  • Meanwhile, the Catholic Church, the cultural and epistemological bedrock of Medieval Europe, was facing the most significant legitimacy crisis in centuries
  • It was in the midst of this spiritual, economic and geopolitical crisis that the Black Death arrived, sweeping through Europe in 1347-1353 and upending the balance of power, almost overnight
  • We might compare this crisis of faith with the current legitimacy crisis of science in the United States. Like the scientific method, the Church was a shared way of knowing — a pathway to common understanding, which was essential to the social order of Medieval Europe.
  • he King's men attempted to arrest the elderly Pope, inadvertently killing him. Shortly thereafter, in 1305, a Frenchman, Clement V, was chosen to be the next pope, and the papacy was relocated to Avignon, France. This understandably cast a long shadow over the Holy See, and the Avignon Popes were widely disliked and distrusted. The crisis only deepened in 1378 when a second pope was elected in Rome and a third pope was briefly elected in 1409 before all three were deposed in 1417.
  • This, combined with the soaring fiscal burden of near-constant war, set off a series of uprisings, most notably the French Jacquerie of 1358 and the English Peasants' Revolt of 1381. The aristocracy responded with force wherever they could, but they could not turn back the clock.
  • Both of these developments substantially benefitted commoners, at the expense of the elite, particularly in England.
  • The archetypal serf was not paid for their work in the lord's fields — that was their obligation to the lord in exchange for the use of the lord's land. The modern equivalent would be if your landlord was also your boss, and in order to live in your apartment, you had to sign away your freedom and that of your children, in perpetuity.
  • Not only that, the medieval lord was also the primary unit of legal, civic and military power, often serving as the first stop for legal matters and the first defense against brigands and rival kingdoms.
  • With perhaps half the population gone, there were simply not enough peasants to work the land, and the average income of the English lord declined significantly. In response, the lord's wheat fields were increasingly turned over to livestock, or rented out to tenant farmers, who would pay the lord a fixed rent, keeping the agricultural produce for themselves.
  • The ambitious commoner could now acquire sizable tracts of land, and with the agricultural product of that land entirely at their disposal, commoners were incentivized to maximize the productivity of their land and sell the surplus at market for a profit. This transition is often referred to as the birth of Agrarian Capitalism.
  • In the wake of the Black Death, plague doctors were among the first to believe they had surpassed the knowledge of the Greek and Roman world; ironically, they were wrong, but the lower mortality of later outbreaks led many doctors to proclaim they had cured the disease, which instilled a new faith in scientific progress
  • Sumptuary laws, which restricted what commoners could wear and eat, also became common during the 14th and 15th Centuries. However, these laws do not appear to have been effective, and tensions continued to mount between the aristocracy and the wider populace, who were increasingly impatient for change.
  • Urban laborers and craftsmen also benefitted from rising wages. The average lifespan increased, and standards of living improved across the board. The shortage of skilled tradesmen even created new opportunities for urban women
  • starting in the 14th century, infantry units comprised of commoners, like the Swiss pikemen and English longbowmen, began to win a series of decisive victories against mounted knights, revolutionizing military tactics and hastening the obsolescence of the feudal aristocracy.
  • a new intellectual spirit was taking root across western Europe. Influential thinkers like John Wycliffe and Marsilius of Padua began to question the worldly authority of both the Church and the state, arguing that power rested ultimately with the populace rather than the ruler, and the unworthy ruler could lose their right to govern
  • the economic effects of the plague were nothing short of earthshattering. By killing perhaps 50% of the labor force, the Black Death drastically altered the supply of labor, land and coin. Wages skyrocketed, as labor was in short supply, and rents declined, as the plummeting population density created a surplus of land
  • seven-hundred years later, what, if anything, can we learn from this — what can the crises and consequences of the 14th century tell us about our own pandemic and the impending aftermath?
  • There will be no labor shortage in the wake of the coronavirus; quite the opposite, there will likely be a labor surplus, due to the ensuing economic contraction. As for rents, the housing market is essentially frozen as people shelter in place, and housing prices are likely to decline in a recession, but the real cost of housing relative to income is unlikely to see the kind of seismic shift experienced after the Black Death.
  • most presciently for our own time, Europe was headed for a climate catastrophe, and regardless of the Black Death, the continent would have almost certainly faced a series of demographic shocks, like the Great Plague, until considerable changes were made to the existing socio-economic system.
  • The lesson we should take from this today is not the differences between the coronavirus and the Black Death, but rather the broader similarities between the 14th century and the 21st century
  • war between China and the US still looms ever larger, socio-economic inequality is reaching record levels, trust in institutions and our established epistemology is waning, and as we enter the worst depression since the 1930s, climate change once again threatens to throw us back into the Middle Ages
  • if we continue business as usual, what happens next is likely to be much worse. The calamitous 21st century is just getting started, and a more apt parallel for the Black Death is probably yet to come
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Shock as Zimbabwe's Mugabe named WHO 'goodwill ambassador' | Fox News - 0 views

  • GENEVA –  Shock and condemnation continued Saturday after Zimbabwe President Robert Mugabe was named a "goodwill ambassador" for the World Health Organization by the agency's first African leader.
  • The 93-year-old Mugabe, the world's oldest head of state, has long been criticized at home for going overseas for medical treatment as Zimbabwe's once-prosperous economy falls apart. Mugabe also faces United States sanctions over his government's human rights abuses.
  • "The government of Robert Mugabe presided over the dramatic reversal of its population's access to food, clean water, basic sanitation and health care," the group concluded. Mugabe's policies led directly to "the shuttering of hospitals and clinics, the closing of its medical school and the beatings of health workers."
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French Kill Man After a Fatal Knife Attack on the Street - The New York Times - 0 views

  • PARIS — A knife-wielding man decapitated a teacher near a school in a suburb north of Paris on Friday afternoon and was later shot dead by the police
  • A police officer and parents with knowledge of the attack confirmed French media reports that the victim was a history teacher at the school who had shown caricatures of the Prophet Muhammad in a class on freedom of expression, which had incited anger among some Muslim families.
  • In a video that widely circulated on YouTube before the attack, a Muslim parent at the teacher’s school, College du Bois-d’Aulne, expresses anger that an unidentified teacher had asked Muslims in the class of 13-year-olds to leave because “he was going to show a photo that would shock them.”
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  • A police union official told the French television station BFM that witnesses had seen the assailant cutting the victim’s throat. The national police were called, officials said, and after having discovered the decapitated victim, confronted the assailant nearby, close to the school. Brandishing a large knife, he threatened the officers, and after refusing to surrender, was shot 10 times, they said.
  • In the video, the parent details what his daughter told him had transpired in the class.“So this week, he allowed himself to tell them, the Muslims, Muslim students raise your hands,” the parents says. “So they raised their hands, and he said, ‘right, leave the class.’ So my daughter refused to leave and asked him, ‘why?’ And he said he was going to show a photo that would shock them. And then he showed them a naked man, telling them it was the prophet.”
  • Another parent, Carine Mendes, 41, whose child had attended the class, offered a more nuanced view of what happened. She called the teacher “a very sweet person, in his words, in his expressions.”Ms. Mendes said the teacher had suggested to Muslim students who did not want to see the cartoon that they leave the classroom temporarily, and had asked those who remained not to tell their Muslim classmates about the cartoon in order not to offend their faith.
  • “He really tried to do things with respect, he didn’t want to hurt anyone,” she said.But in a second class where the teacher gave the course, a shocked student refused to leave the room and told her father about what happened. He was the father who later complained in the video posted online.
  • The next day, the teacher apologized to his students and the principal sent an email message to parents to try to clear up the situation. The teacher’s suggestion to leave the classroom, the principal said, had been insensitive.
  • “Without wanting to offend anyone, it turned out that by offering this possibility to the students, he still offended the student,” the principal’s email read
  • Ms. Mendes said that what happened “was awful.”“He was just giving a course on freedom of expression,” she said.
  • “A teacher was killed just for doing his job,” Sophie Venetitay, a teachers’ union official, told BFM.
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International reaction to George Floyd killing | News | Al Jazeera - 0 views

  • Demonstrators from Australia to Europe identified with the cause of US protests and urged their own governments to address racism and police violence. Opponents of the United States's foreign policy under President Donald Trump, meanwhile, took the opportunity to pour scorn on the violence that has engulfed the country after the killing of George Floyd, an unarmed Black man, by police officers in the city of Minneapolis last week.  
  • Thousands of protesters marched through downtown Sydney, Australia, on Tuesday, voicing their solidarity with Americans demonstrating against Floyd's killing.
  • Protesters in Australia's largest city chanted, "I can’t breathe" - some of the final words of both Floyd and David Dungay, a 26-year-old Aboriginal man who died in a Sydney prison in 2015 while being restrained by five guards. Demonstrators carried placards reading, "Black Lives Matter", "Aboriginal Lives Matter", and "White Silence is Violence."
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  • Linda Burney, an opposition spokeswoman on Indigenous Australians, said more than 430 Indigenous people had died in Australian police custody since 1991. While Indigenous adults make up only 2 percent of the Australian population, they account for 27 percent of the prison population. "I think we should be using it as an opportunity," Burney told Australian Broadcasting Corp, referring to Floyd's death. "Whether we like it or not, it doesn't take much for racism to come out of the underbelly of this country."
  • Some have seen the US unrest as a chance to highlight what they see as American hypocrisy on protest movements at home versus abroad.  China's foreign ministry spokesperson called out US racism as "a chronic disease of American society". China's comments come at a time when relations with the US are particularly strained. Chinese state media is giving extensive coverage to the violent protests roiling American cities, while the unrest has also featured widely in Chinese social media.
  • In Europe, thousands spilled across streets in Amsterdam, the Netherlands, to denounce police brutality, and those demonstrating in Paris urged the French government to take police violence more seriously and held up signs including "Racism is suffocating us". The EU's diplomatic chief Josep Borrell condemned the "abuse of power", saying Europe is "shocked and appalled" by the police killing of Floyd. He urged US authorities to rein in the "excessive use of force" as Trump ordered the military to intervene. Germany announced its support for the demonstrations. "The peaceful protests that we see in the US ... are understandable and more than legitimate. I hope that these peaceful protests won't slide further into violence, but even more than that I hope that they will make a difference in the United States," Foreign Minister Heiko Maas told reporters.
  • Iran's foreign ministry called on the US to "stop violence" against its own people. "To the American people: the world has heard your outcry over the state of oppression. The world is standing with you," foreign ministry spokesman Abbas Mousavi said at a news conference in Tehran. "And to the American officials and police: Stop violence against your people and let them breathe," he told reporters in English. Hong Kong leader Carrie Lam, meanwhile, questioned foreign criticism of China, including from the US, over an imminent national security law being imposed in the Chinese territory. "They take their own country's national security very seriously, but for the security of our country, especially the situation in Hong Kong, they are looking at it through tinted glasses," she said.
  • Ghana's President Nana Akufo-Addo said Black people across the world are "shocked and distraught" by Floyd's killing. "Black people, the world over, are shocked and distraught by the killing of an unarmed Black man, George Floyd, by a white police officer in the United States of America," Akufo-Addo said in a statement. "We stand with our kith and kin in America in these difficult and trying times." Kenyan opposition leader and former prime minister Raila Odinga offered a prayer for the US "that there be justice and freedom for all human beings who call America their country". Like some in Africa who have spoken out, Odinga also noted troubles at home, saying the judging of people by character instead of skin colour "is a dream we in Africa, too, owe our citizens". And South Africa's finance minister, Tito Mboweni, recalled leading a small protest outside the US Embassy several years ago over the apparent systemic killings of Blacks. Mboweni said the US ambassador at the time, Patrick Gaspard, "invited me to his office and said: 'What you see is nothing, it is much worse'." Zimbabwe summoned the ambassador of the United States to the country over remarks by a senior US official accusing it of stirring anti-racism protests following Floyd's death.  In an interview with ABC News, US national security adviser Robert O'Brien referred to Zimbabwe and China as "foreign adversaries" using social media to stoke unrest and "sow discord" after the killing. Zimbabwe's foreign ministry spokesman James Manzou said US Ambassador Brian Nichols was called in to explain O'Brien's remarks. Government spokesman Nick Mangwana said Zimbabwe did not consider itself "America's adversary".   "We prefer having friends and allies to having unhelpful adversity with any other nation including the USA," Mangwana said.
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March 2020: How the Fed Averted Economic Disaster - WSJ - 0 views

  • Over the week of March 16, markets experienced an enormous shock to what investors refer to as liquidity, a catchall term for the cost of quickly converting an asset into cash.
  • Mr. Powell bluntly directed his colleagues to move as fast as possible.
  • They devised unparalleled emergency-lending backstops to stem an incipient financial panic that threatened to exacerbate the unfolding economic and public-health emergencies.
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  • They were offering nearly unlimited cheap debt to keep the wheels of finance turning, and when that didn’t help, the Fed began purchasing massive quantities of government debt outright.
  • Investors dumped whatever they could, including ostensibly “risk-free” U.S. Treasury securities. As a global dash for dollars unfolded, Treasurys were no longer serving as the market’s traditional shock absorbers, amplifying extreme turmoil on Wall Street.
  • By week’s end, the Dow had plunged more than 10,000 points since mid-February as investors struggled to get their arms around what a halt to global commerce would mean for businesses that would soon have no revenue.
  • “It was sheer, unadulterated panic, of a magnitude that was far worse than in 2008 and 2009. Far worse,”
  • The idea of shutting down markets was especially discouraging: “It was a profoundly un-American thing to contemplate, to just shut everything down, and almost fatalistic—that we’re not going to get out of this.”
  • nearly two years later, most agree that the Fed’s actions helped to save the economy from going into a pandemic-induced tailspin.
  • “My thought was—I remember this very clearly—‘O.K. We have a four-or-five-day chance to really get our act together and get ahead of this. We’re gonna try to get ahead of this,’” Mr. Powell recalled later. “And we were going to do that by just announcing a ton of stuff on Monday morning.”
  • It worked. The Fed’s pledges to backstop an array of lending, announced on Monday, March 23, would unleash a torrent of private borrowing based on the mere promise of central bank action—together with a massive assist by Congress, which authorized hundreds of billions of dollars that would cover any losses.
  • If the hardest-hit companies like Carnival, with its fleet of 104 ships docked indefinitely, could raise money in capital markets, who couldn’t?
  • on April 9, where he shed an earlier reluctance to express an opinion about government spending policies, which are set by elected officials and not the Fed. He spoke in unusually moral terms. “All of us are affected,” he said. “But the burdens are falling most heavily on those least able to carry them…. They didn’t cause this. Their business isn’t closed because of anything they did wrong. This is what the great fiscal power of the United States is for—to protect these people as best we can from the hardships they are facing.”
  • They were extraordinary words from a Fed chair who during earlier, hot-button policy debates said the central bank needed to “stay in its lane” and avoid providing specific advice.
  • To avoid a widening rift between the market haves (who had been given access to Fed backstops) and the market have-nots (who had been left out because their debt was deemed too risky), Mr. Powell had supported a decision to extend the Fed’s lending to include companies that were being downgraded to “junk” status in the days after it agreed to backstop their bonds.
  • Most controversially, Mr. Powell recommended that the Fed purchase investment vehicles known as exchange-traded funds, or ETFs, that invest in junk debt. He and his colleagues feared that these “high-yield” bonds might buckle, creating a wave of bankruptcies that would cause long-term scarring in the economy.
  • Mr. Powell decided that it was better to err on the side of doing too much than not doing enough.
  • , Paul Singer, who runs the hedge-fund firm Elliott Management, warned that the Fed was sowing the seeds of a bigger crisis by absolving markets of any discipline. “Sadly, when people (including those who should know better) do something stupid and reckless and are not punished,” he wrote, “it is human nature that, far from thinking that they were lucky to have gotten away with something, they are encouraged to keep doing the stupid thing.”
  • The breathtaking speed with which the Fed moved and with which Wall Street rallied after the Fed’s announcements infuriated Dennis Kelleher, a former corporate lawyer and high-ranking Senate aide who runs Better Markets, an advocacy group lobbying for tighter financial regulations.
  • This is a ridiculous discussion no matter how heartfelt Powell is about ‘we can’t pick winners and losers’—to which my answer is, ‘So instead you just make them all winners?’”
  • “Literally, not only has no one in finance lost money, but they’ve all made more money than they could have dreamed,” said Mr. Kelleher. “It just can’t be the case that the only thing the Fed can do is open the fire hydrants wide for everybody
  • Mr. Powell later defended his decision to purchase ETFs that had invested in junk debt. “We wanted to find a surgical way to get in and support that market because it’s a huge market, and it’s a lot of people’s jobs… What were we supposed to do? Just let them die and lose all those jobs?” he said. “If that’s the biggest mistake we made, stipulating it as a mistake, I’m fine with that. It wasn’t time to be making finely crafted judgments,” Mr. Powell said. He hesitated for a moment before concluding. “Do I regret it? I don’t—not really.”
  • “We didn’t know there was a vaccine coming. The pandemic is just raging. And we don’t have a plan,” said Mr. Powell. “Nobody in the world has a plan. And in hindsight, the worry was, ‘What if we can’t really fully open the economy for a long time because the pandemic is just out there killing people?’”
  • Mr. Powell never saw this as a particularly likely outcome, “but it was around the edges of the conversation, and we were very eager to do everything we could to avoid that outcome,”
  • The Fed’s initial response in 2020 received mostly high marks—a notable contrast with the populist ire that greeted Wall Street bailouts following the 2008 financial crisis. North Carolina Rep. Patrick McHenry, the top Republican on the House Financial Services Committee, gave Mr. Powell an “A-plus for 2020,” he said. “On a one-to-10 scale? It was an 11. He gets the highest, highest marks, and deserves them. The Fed as an institution deserves them.”
  • The pandemic was the most severe disruption of the U.S. economy since the Great Depression. Economists, financial-market professionals and historians are only beginning to wrestle with the implications of the aggressive response by fiscal and monetary policy makers.
  • Altogether, Congress approved nearly $5.9 trillion in spending in 2020 and 2021. Adjusted for inflation, that compares with approximately $1.8 trillion in 2008 and 2009.
  • By late 2021, it was clear that many private-sector forecasters and economists at the Fed had misjudged both the speed of the recovery and the ways in which the crisis had upset the economy’s equilibrium. Washington soon faced a different problem. Disoriented supply chains and strong demand—boosted by government stimulus—had produced inflation running above 7%.
  • because the pandemic shock was akin to a natural disaster, it allowed Mr. Powell and the Fed to sidestep concerns about moral hazard—that is, the possibility that their policies would encourage people to take greater risks knowing that they were protected against larger losses. If a future crisis is caused instead by greed or carelessness, the Fed would have to take such concerns more seriously.
  • The high inflation that followed in 2021 might have been worse if the U.S. had seen more widespread bankruptcies or permanent job losses in the early months of the pandemic.
  • an additional burst of stimulus spending in 2021, as vaccines hastened the reopening of the economy, raised the risk that monetary and fiscal policy together would flood the economy with money and further fuel inflation.
  • The surge in federal borrowing since 2020 creates other risks. It is manageable for now but could become very expensive if the Fed has to lift interest rates aggressively to cool the economy and reduce high inflation.
  • The Congressional Budget Office forecast in December 2020 that if rates rose by just 0.1 percentage point more than projected in each year of the decade, debt-service costs in 2030 would rise by $235 billion—more than the Pentagon had requested to spend in 2022 on the Navy.
  • its low-rate policies have coincided with—and critics say it has contributed to—a longer-running widening of wealth inequality.
  • In 2008, household wealth fell by $8 trillion. It rose by $13.5 trillion in 2020, and in the process, spotlighted the unequal distribution of wealth-building assets such as houses and stocks.
  • Without heavy spending from Washington, focused on the needs of the least well-off, these disparities might have attracted more negative scrutiny.
  • Finally, the Fed is a technocratic body that can move quickly because it operates under few political constraints. Turning to it as the first line of defense in this and future crises could compromise its institutional independence.
  • Step one, he said, was to get in the fight and try to win. Figuring out how to exit would be a better problem to have, because it would mean they had succeeded.
  • “We have a recovery that looks completely unlike other recoveries that we’ve had because we’ve put so much support behind the recovery,” Mr. Powell said last month. “Was it too much? I’m going to leave that to the historians.”
  • The final verdict on the 2020 crisis response may turn on whether Mr. Powell is able to bring inflation under control without a painful recession—either as sharp price increases from 2021 reverse on their own accord, as officials initially anticipated, or because the Fed cools down the economy by raising interest rates.
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The Holocaust Just Got More Shocking - NYTimes.com - 1 views

  • researchers have cataloged some 42,500 Nazi ghettos and camps throughout Europe, spanning German-controlled areas from France to Russia and Germany itself,
  • The figure is so staggering that even fellow Holocaust scholars had to make sure they had heard it correctly when the lead researchers previewed their findings
  • The existence of many individual camps and ghettos was previously known only on a fragmented, region-by-region basis. But the researchers, using data from some 400 contributors, have been documenting the entire scale for the first time, studying where they were located, how they were run, and what their purpose was.
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  • The numbers astound: 30,000 slave labor camps; 1,150 Jewish ghettos; 980 concentration camps; 1,000 prisoner-of-war camps; 500 brothels filled with sex slaves; and thousands of other camps used for euthanizing the elderly and infirm, performing forced abortions, “Germanizing” prisoners or transporting victims to killing centers.
  • In Berlin alone, researchers have documented some 3,000 camps and so-called Jew houses, while Hamburg held 1,300 sites.
  • Dr. Dean, a co-researcher, said the findings left no doubt in his mind that many German citizens, despite the frequent claims of ignorance after the war, must have known about the widespread existence of the Nazi camps at the time.
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Kathryn Bigelow: Not A Torture Apologist - The Dish | By Andrew Sullivan - The Daily Beast - 0 views

  • , a brilliant piece of film-making. The direction, acting, and cinematography make it as good as The Hurt Locker. The attention to detail is stunning, and the raw, granular honesty of its dialogue manages to avoid the tired tropes of action movies. It's entirely believable.
  • the film shows without any hesitation that the United States brutally tortured countless suspects - innocent and guilty - in ways that shock the conscience.
  • The acts that Lynndie England was convicted for are here displayed - correctly - as official policy, ordered from the very top. In that way, the movie is not an apology for torture, as so many have said, and as I have worried about. It is an exposure of torture
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  • it exposes the Biggest Lie of the Bush-Cheney administration: that Abu Ghraib was an exception, and not the rule. What was done to suspects in Abu Ghraib was actually less grotesque, less horrifying, and less shocking than what Bush and Cheney ordered the CIA to do to human beings directly.
  • The movie also depicts waterboarding in a way that destroys the pathetic defense that this wasn't torture, because the tortured were not asked direct questions during it. They were, of course. Torture was followed by interrogation which was followed by more grisly torture. There is no doubt here that what the US did was almost a text-book definition of war crimes.
  • It shows the horror of terrorism and then the horror of the torture that Cheney illegally used to respond to it.
  • the simple juxtaposition of terror with torture in the film does not force an obvious conclusion. In some ways, like Spencer, I think it reveals the core truth behind Cheney's armchair warrior mindset. The torture was not for intelligence (and it provided nothing reliable as well as countless leads that were dead ends). It was for revenge.
  • What the movie also shows - importantly - is the evil of Jihadism, and its fanatical religious roots. It shows the terrorism as well as the torture. The easy view that all of this torture was based on hallucinatory threats is rebutted.
  • this movie echoes what we are told the Senate Intelligence Committee report concludes. We got bin Laden when we stuck to Western values. When we acted like the Nazis or the Communists, we failed.
  • It may be that many people watching this movie will actually believe the torture was integral to the end-result. But that will be because they want to see that or because they are as dumb as Owen Gleiberman. It isn't there. And if they want to see that, they will also be forced, at least, to own the barbarism depicted on screen in a way that euphemisms like "sleep deprivation", "stress positions" and "enhanced interrogation" were designed to obscure.
  • But my view is that Americans were shielded by their government and, disgracefully, their press, into living with barbarism - because Orwellian language was used and propagated to disguise the true evil that was at the heart of the Cheney mindset.
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And the Trade War Came - The New York Times - 0 views

  • what will happen when the Trump tariffs come?
  • There will be retaliation, big time. When it comes to trade, America is not that much of a superpower — China is also a huge player, and the European Union is bigger still. They will respond in kind, targeting vulnerable U.S. sectors like aircraft and agriculture.
  • And retaliation isn’t the whole story; there’s also emulation. Once America decides that the rules don’t apply, world trade will become a free-for-all.
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  • What the coming trade war will do, however, is cause a lot of disruption. Today’s world economy is built around “value chains” that spread across borders: your car or your smartphone contain components manufactured in many countries, then assembled or modified in many more. A trade war would force a drastic shortening of those chains, and quite a few U.S. manufacturing operations would end up being big losers, just as happened when global trade surged in the past.
  • An old joke tells of a motorist who runs over a pedestrian, then tries to fix the damage by backing up — and runs over the victim a second time. Well, the effects of the Trumpist trade war on U.S. workers will be a lot like that.
  • the best bet is that the trade war is coming. Buckle your seatbelts.
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Ten Centuries Later, a Pope and Knights Do Battle - The New York Times - 0 views

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    A seemingly obscure intra-Catholic squabble had erupted into an unexpected shock to the church with ideological fault lines running to the top of the Vatican. "The Vatican is a thing built of tradition," said John Thavis, the author of "The Vatican Diaries" and a veteran church analyst, "and once those traditional parts start feuding with each other, that is a dangerous sign."
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