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Text
by Tony Wikrent
Economics Action Group, North Carolina Democratic Party ProgressiveCaucus
STRATEGIC POLITICAL ECONOMY Trump, Tax Cuts and Terrorism Why has the Republican Party become a systematic enabler of terrorism?Paul Krugman
> But racism isn’t what drives the Republican establishment...their > exploitation of racism has led them inexorably to where they are > today: de facto enablers of a wave of white supremacist terrorism. > The central story of U.S. politics since the 1970s is the takeover > of the Republican Party by economic radicals, determined to slash > taxes for the wealthy while undermining the social safety net. > With the arguable exception of George H.W. Bush, every Republican > president since 1980 has pushed through tax cuts that > disproportionately benefited the 1 percent while trying to defund > and/or privatize key social programs like Social Security, Medicare, > Medicaid and the Affordable Care Act. > This agenda is, however, unpopular. Most voters believe that the > rich should pay more, not less, in taxes, and want spending on > social programs to rise, not fall. > So how do Republicans win elections? By appealing to racial animus. > This is such an obvious fact of American political life that you > have to be willfully blind not to see it.... > In effect, then, the Republican Party decided that a few massacres > were an acceptable price to pay in return for tax cuts. I wish that > were hyperbole, but the continuing refusal of G.O.P. figures to > criticize Trump even after El Paso shows that it’s the literal> truth.
If You Only Read One Thing Today, Read Paul Krugman: "Trump, Tax Cutsand Terrorism"
xaxnar
> One wonders why John Hickenlooper is still warning of the dangers of > extreme leftist socialism. One wonders why Joe Biden still thinks > the GOP will come to its senses if Trump is gone. One wonders when > Nancy Pelosi and the rest of the Democratic leadership will realize > we have a bigger problem than just Trump. > If you are prepared to read more than one thing, read Kevin Drum, > who spelled this out a year ago at Mother Jones.>
> _Today, the Republican Party exists for one and only one purpose: to > pass tax cuts for the rich and regulatory rollbacks for > corporations. They accomplish this using one and only method: > unapologetically racist and bigoted appeals to win the votes of the > heartland riff-raff they otherwise treat as mere money machines for > their endless mail-order cons._ The Myth of Welfare Dependency Rema Hanna, August 9, 2019 > In most countries, rich and poor people alike worry that social > programs for low-income households end up weakening work incentives > and create an underclass of indigents. In fact, recent research > suggests just the opposite: the longer families receive stable and > predictable support, the better they and their children do.... > “Welfare helps people work” may sound like a strange and > counterintuitive claim to some. But it is perfectly obvious when the > word people in that sentence refers to low-income children in poor > households. Poverty and lack of access to health care is a physical, > psychological, and vocational burden for children. Poverty is a > slow-motion trauma, and impoverished children are more likely than > their middle-class peers to suffer from chronic physiological stress > and exhibit antisocial behavior. It’s axiomatic that relieving > children of an ambient trauma improves their lives and, indeed, > relieved of these burdens, children from poorer households are more > likely to follow the path from high-school graduation to college and > then full-time employment. THE ECONOMY BEGINS TO STUMBLE UNDER TRUMP “U.S. agricultural exports to China plummeted more than 50% last year to $9.1 billion as tariffs raised the cost of American soybeans, pork and other farm products. The exports dropped another 20% in the first six months of this year. The pain is rippling through agricultural supply chains. One forecast says tariffs could cost the sector as many as 71,000 jobs over the next two years” David Rosenberg: Signs of a looming U.S. recession are building, if you look beneath the surface • Container port shipments (Long Beach): -16.6 per cent • Global semiconductor sales: -14.6 per cent • Intermodal railroad traffic: -7.4 per cent • Coal production: -6.3 per cent • Cass freight shipping index: -6.0 per cent • Lumber production: -5.6 per cent • Electricity output: -3.7 per cent • Railway carloadings: -3.5 per cent • Corrugated paper production: -3.3 per cent Heavy-Truck Orders Collapse Stunning 81%. Lowest Since 2010 Wolf Richter,Aug 3, 2019 > Orders for Class 8 trucks – the iconic trucks that haul part of > the economy’s goods across the country – collapsed by 81% in > July compared to July last year, to 9,800 units, the lowest since > 2010, according to FTR Transportation Intelligence > on Friday. It was the ninth month > in a row of year-over-year declines. But “declines” is not the > right word. This year so far, these year-over-year “declines” > ranged from -52% to -81%, which makes for a stunning collapse of the > historic boom last year: Orders for truck freight trailers have also collapsed, according toZeroHedge
:
A Decline in Capital Investment Reveals the False Promise of Trump’sTax Bill
The Global Economy Lives in Wonderland Now Adam Tooze . Well wortha read.
THE FAILURE OF ESTABLISHMENT NEOLIBERAL ECONOMICS Mark Blyth’s Incisive Post-Crisis Takedown: “A Brief History of How We Got Here and Why” > Blyth argues that the world has been through three policy regimes, > using computers as an analogy and arguing that like computers, > capitalist systems all have the same major components and economic > ideology is the “software”. The regime first was the gold > standard, which allowed for international capital mobility without > inflation, favoring capital over workers. That regime worked from > roughly 1870 to World War I. As academics like Peter Temin described > in detail, after the Great War, European economies tried to restore > the gold standard, and Temin argues that those efforts produced the > Depression. The Depression ushered in policy changes which > eventually produced the next era, which started after World War II. > The policy objective of this era was full employment. Cross-border > capital flows were restricted, countries were more autarky-like than > now, and governments were economic activists. Blyth quips that no > one knew who central bankers were back then. > This era broke down with the 1970s inflation. But Blyth argues that > the trigger was that the share of GDP going to labor had become > intolerably high to businesses and investors. Inflation also favors > labor over capital by eroding the real value of debt. The answer to > that was the capital-favoring, globalist, inflation-hostile> neoliberal era.
> Blyth stresses that what happened after the 2008 financial crisis, > which resulted from the failings of the neoliberal regime, the > effort to restore the old system, is an unnatural response which > will only lead to intensification of the underlying stressors, like > rising levels of private debt, greater income inequality, and even > more financialization. _I also highly recommend Blyth, but he commits one serious error of omission. Which is: Blythe accepts the “common wisdom” that the stagflation of the 1970s was caused by wage-push inflation. In fact, the far more important cause of inflation at the tine was the tripling and quadrupling of energy prices initiated by the Arab oil embargoes. Blythe thus misses the crucial underlying dynamic of our industrial economies having been designed and built — for over a century — to run on cheap energy supplies. But it WAS labor that was blamed. __
_ _Thus Blythe also misses — as does almost everyone else — the USA response of Kissinger’s negotiated agreement with the Saudis and others to recycle their dollars into purchases of US paper, thus creating the petrodollar market. If I recall correctly, this agreement is discussed by John Perkins in his bombshell book_, Confessions of anEconomic Hit Man
.
Inflated Bond Ratings Helped Spur the Financial Crisis. They’reBack.
"Neoliberalism: Political Success, Economic Failure"
Robert Kuttner
> "The invisible hand is more like a thumb on the scale for the > world's elites. That's why market fundamentalism has been unmasked > as bogus economics but keeps winning politically. Since the late > 1970s, we've had a grand experiment to test the claim that free > markets really do work best. This resurrection occurred despite the > practical failure of laissez-faire in the 1930s, the resulting > humiliation of free-market theory, and the contrasting success of > managed capitalism during the three-decade postwar boom. Yet when > growth faltered in the 1970s, libertarian economic theory got > another turn at bat. This revival proved extremely convenient for > the conservatives who came to power in the 1980s. The neoliberal > counterrevolution, in theory and policy, has reversed or undermined > nearly every aspect of managed capitalism—from progressive > taxation, welfare transfers, and antitrust, to the empowerment of > workers and the regulation of banks and other major industries. > Now, after nearly half a century, the verdict is in. Virtually > every one of these policies has failed, even on their own terms. > Enterprise has been richly rewarded, taxes have been cut, and > regulation reduced or privatized. The economy is vastly more > unequal, yet economic growth is slower and more chaotic than during > the era of managed capitalism. Deregulation has produced not > salutary competition, but market concentration. Economic power has > resulted in feedback loops of political power, in which elites make > rules that bolster further concentration." _Actually, neoliberalism is no longer a political success_: “Is ‘Bernie or Bust’ the Future of the Left?” Report on the DSA convention. > “The zombie neoliberalism of the Wall Street Democrats created > this crisis with their free trade, their austerity budget cuts,” > Ms. Svart said in her opening speech, “and they are complicit in > Trump’s shock doctrine against our communities.” RESTORING BALANCE TO THE ECONOMY Why We Need To End Banks and Shadow Banks Ian Welsh August 8, 2019 > Banks have the ability to create money in exchange for doing > something: they decide who should get to do things. They give> permission.
> If a bank lends you 50 million, that’s the right to command 50 > million dollars worth of other people’s labor: to hire them, or to > buy the goods created by them. You get to choose what those people> do.
> Resources, especially people, aren’t infinite. Banks choose who > gets to use them. The deal, spelled out is, “give us the right to > create money, and we’ll choose the people who do the most good > with society’s resources to control those resources.” > And they’ve failed. Over and over again they’ve failed. They > don’t even, actually, make their returns (see 2007/8), let alone > actually make good choices about how we should use our resources of > people and other limited resources. I trust I don’t need to spell > all of this out: look at ecological collapse, climate change and so> on.
New PBI video captures the momentum of the public banking movement as it spreads nationally Denver’s City Council, Led by Democratic Socialist, Stuns For-Profit Prison Operators by Nuking Contracts > TWO FOR-PROFIT prison companies have lost major contracts> in
> Denver over their work in immigrant detention, as backlash to > President Donald Trump’s immigration policy continues to mount. > The stunning $10.6 million rebuke to the two firms, CoreCivic and > the GEO Group, was led by newly elected city council member Candi > CdeBaca, who won in June on a radical platform backed by the > Democratic Socialists of America. CdeBaca’s stand on Monday > against the firms was her first major effort since being sworn in, > and she expected to be a lone vote of dissent. > Instead, moved by the plight of those kept in camps run by CoreCivic > and the GEO Group, and galvanized by opponents — organized by > CdeBaca — at the public meeting, the council delivered an > unexpected 8-4 rejection, ending the firms’ contracts to run > halfway houses on behalf of the city. ECONOMICS IN THE REAL WORLD Germany is in Serious Danger of Losing its Automobile Industry > As if the Diesel Scandal wasn’t costly enough to German > automakers, the rapid rise of the electric vehicle maker Tesla, > which first overtook the German big three in sales of large luxury > cars in the U.S. market with its Tesla Model S, is now heavily > cutting into sales>
> of German automakers both in the U.S. and in Europe with the more > affordable Tesla Model 3, which is now in full production. Despite > the warning signs being clearly visible for numerous years, German > auto executives completely dropped the ball and their companies are > now lagging approximately five years behind Tesla in EV technology > development and related industrial infrastructure. > German automakers aren’t just under pressure from Tesla,> however.
> China’s 2017 decision>
> to introduce a California-style quota for electric vehicles left > German Automakers in a bind, as they currently just plain do not > have the capacity to produce the 10% quota of electric vehicles > required by Chinese law. America’s Indefensible Defense BudgetPREDATORY FINANCE
Malaysia Indicts 17 of the “Untouchables” at Goldman Sachs Pam Martens and Russ Martens: August 9, 2019 > This morning, the Attorney General in Malaysia stunned Goldman Sachs > with an indictment of 17 of its former and current executives. That > came on the heels of criminal charges filed last December by > Malaysian authorities in the same matter against three Goldman Sachs > subsidiaries and two former Goldman employees, Tim Leissner and> Roger Ng.
> Indictments announced this morning included charges against Richard > J. Gnodde, Goldman’s top international banker in London and former > Goldman executive J. Michael Evans, who is currently president of> Alibaba.
> The charges stem from a Malaysia state development fund, 1Malaysia > Development Bhd (1MDB) for which Goldman Sachs underwrote $6.5 > billion in bonds in 2012 and 2013. Goldman made an outsized $600 > million in fees on the deals. According to prosecutors, $4.5 billion > in 1MDB funds have gone missing, of which at least $2.7 billion was > stolen according to prosecutors. How Lava Jato Destroyed Brasil’s Future > The so-called corruption of the political system, while real and > deserving of all the authorities’ commitment to its elimination or > alleviation, is far from the main problem related to embezzlement > and misappropriation of public funds. International studies show > that the primary cause of the misuse of public money lies in the tax > evasion mechanisms practiced largely by big business, especially > financial capital and multinational corporations. According to World > Bank estimates, corruption by public officials, through bribery and > other mechanisms, drains between $ 20 billion and $ 40 billion a > year from developing countries. It sounds like a lot, but it is only > a small fraction of what these countries lose from illicit financial > flows and the tax evasion or tax avoidance mechanisms practiced > mostly by big corporations. > According to Global Financial Integrity (GFI), a US institute > dedicated to studying these illegal financial flows, around $ 1 > trillion leaves developing countries every year into tax havens or > banks in developed countries, without paying taxes. Corruption by > public agents in developing nations, including politicians, only > represents about 3% of this flow. > It is noteworthy that such an estimate is conservative and partial, > as it does not include the so-called legal tax evasion mechanisms, > whereby large capital minimizes the payment of taxes due, based on > the loopholes and omissions in national and international tax laws. > Studies by economist Gabriel Zucman of the University of California, > Berkeley, show that, based on a very conservative estimate, tax > havens concentrate about $ 8.7 trillion, or 11.5 percent of the > World’s wealth. According to Zucman, US multinationals alone > avoided paying about $ 130 billion in taxes in 2016 thanks to > “legal” financial transactions involving tax havens and offshore> banks.
> Significantly, Lava Jato has completely ignored the actions of > multinational corporations in Brazil – even those that had > contracts with Petrobras – and their movements in the national and > international financial system. Private Equity LBOs Make More Companies Go Bankrupt, ResearchShows
> Healthy companies acquired by private equity firms through leveraged > buyouts see their probability of defaulting on loans increase > ten-fold, new research shows> .
>
> According to researchers at California Polytechnic State University, > roughly 20 percent of large companies acquired through leveraged > buyouts go bankrupt within ten years, as compared to a control > group’s bankruptcy rate of 2 percent during the same time> period....
> Researchers Brian Ayash and Mahdi Rastad studied $50 million-plus > deals in which U.S.-based publicly traded companies were acquired by > private equity firms in leveraged buyouts between January 1, 1980, > and December 31, 2006. In total, the sample comprised 467 leveraged > buyout transactions, as well as a control group of companies that > remained publicly traded during that time period.>
> “Our results show a sharp contrast between the bankruptcy rate of > the LBO target firms and the control firms: approximately 20 percent > of large LBOs go bankrupt within 10 years, while the matched control > firms experience a bankruptcy rate of two percent,” the research> said.
Zombie debt: How collectors trick consumers into reviving dead debts. How Trump’s political appointees thwarted tougher settlements withtwo big banks
Parents Are Giving Up Custody of Their Kids to Get Need-Based CollegeFinancial Aid
HEALTH CARE CRISIS
Capitalism gone wrong: how big pharma created America’s opioidcarnage
How an epic legal battle brought a secret drug database to light CLIMATE AND ENVIRONMENTAL CRISES Mekong River at its lowest in 100 years, threatening food supply Thmey Thmey Media, via Naked Capitalism 8-5-19] ‘People are dying’: how the climate crisis has sparked an exodusto the US
Big Money Starts to Dump Stocks That Pose Climate Risks The Oil Giants Might Finally Pay for Pulling the Biggest Hoax of All > On October 23, in a federal court in New York, opening arguments > will be heard in one of the most important corporate malfeasance > cases of the modern era, rivaled only by the tobacco litigations of > the 1990s. The state of New York is suing ExxonMobil on charges that > the energy goliath consistently misled its investors about what it > knew concerning the climate crisis—essentially lying to them about > what it might eventually cost the company in eventual > climate-related financial risks, because the company knew better > than practically anyone else what those risks were. New Models Point to More Global Warming Than We Expected Challenges to natural and human communities from surprising oceantemperatures
17 Countries, Home to One-Quarter of the World’s Population, Face Extremely High Water Stress > The United States is #71 on the list, but averages conceal. AZ, CA, > CO, NM, and UT are all High or Extremely High stress. Climate Could Be an Electoral Time Bomb, Republican StrategistsFear
> In conversations with 10 G.O.P. analysts, consultants and activists, > all said they were acutely aware of the rising influence of young > voters like Mr. Galloway, who in their lifetimes haven’t seen a > single month of colder-than-average temperatures globally, and who > call climate change a top priority. Those strategists said lawmakers > were aware, too, but few were taking action. > “We’re definitely sending a message to younger voters that we > don’t care about things that are very important to them,” said > Douglas Heye, a former communications director at the Republican > National Committee. “This spells certain doom in the long term if > there isn’t a plan to admit reality and have legislative > prescriptions for it.” .... > President Trump has set the tone for Republicans by deriding climate> change
> ,
> using White House resources to undermine science>
> and avoiding even uttering the phrase> .
> Outside of a handful of states such as Florida, where addressing > climate change has become more bipartisan, analysts said Republican > politicians were unlikely to buck Mr. Trump or even to talk about > climate change on the campaign trail at all, except perhaps to > criticize Democrats for supporting the Green New Deal> ....
> The polling bears out Mr. Heye’s prediction of a backlash. Nearly > 60 percent of Republicans between the ages of 23 and 38 say that > climate change is having an effect>
> on the United States, and 36 percent believe humans are the cause. > That’s about double the numbers of Republicans over age 52.... > Alex Flint, executive director of the Alliance for Market Solutions, > a conservative nonprofit group that advocates for a carbon tax, hit > play on a video of 11 Trump voters around a hotel conference table > in Florida discussing climate change. Government can’t be trusted > to solve climate change, the focus group agreed. But like Mr. > Bagley, they also all agreed that climate change is > real. “Republican orthodoxy is changing,” Mr. Flint said. > “You’re safe saying you acknowledge climate change.... It’s a > matter of honesty,” he said. “Voters believe it is happening, at > the very least, they want their politicians to acknowledge> reality.”
INFORMATION AGE DYSTOPIA Amazon Is Coaching Cops on How to Obtain Surveillance Footage Withouta Warrant
> “When police partner with Ring, Amazon’s home surveillance > camera company, they get access to the ‘Law Enforcement > Neighborhood Portal,’ an interactive map that allows officers to > request footage directly from camera owners. Police don’t need a > warrant to request this footage, but they do need permission from > camera owners. Emails and documents obtained by Motherboard reveal > that people aren’t always willing to provide police with their > Ring camera footage. However, Ring works with law enforcement and > gives them advice on how to persuade people to give them footage. > Emails obtained from police department in Maywood, NJ—and emails > from the police department of Bloomfield, NJ, which were also posted > by Wired—show that Ring coaches police on how to obtain footage. > The company provides cops with templates for requesting footage… > Ring suggests cops post often on Neighbors, Ring’s free > ‘neighborhood watch’ app, where Ring camera owners have the > option of sharing their camera footage.” “Australia Strips Google/Facebook to Their Underwear”Matt Stoller
> “The ’s
> most important contribution to the debate is to say, unvarnished, > that Google and Facebook have exceptional amounts of market power > and the incentive to use it to manipulate and exploit publishers, > businesses, and users. Over the past fifteen years, Google and > Facebook have become, as Sims put it in his press conference, > “essential gateways for consumers and businesses.” The > consequences of this shift are the killing of the free press and the > mass manipulation of users….” Lambert Strether adds: "... Stoller’s post is well worth a read for the wealth of detail and clarity of exposition." CREATING NEW ECONOMIC POTENTIAL - SCIENCE AND TECHNOLOGY A Deluge of Batteries Is About to Rewire the Power Grid > From first light on this Southern Hemisphere autumn day, a bank of > 33 rooftop solar panels has been capturing the sun’s energy. At > times, the electricity is directed back to the local grid. But > mostly it’s funneled into the garage and stored in Powerwall > units, in the same type of rechargeable cells that fuel the > automaker’s vehicles. The batteries—as tall as refrigerators, as > thin as flat-screen TVs—will power this unusually energy-hungry > villa deep into the evening.>
> But not all night. The solar array and batteries meet just half of > Amileka’s average energy needs. So after a few hours, the 25-acre, > $1,160-a-night miniresort that Tesla Inc. > uses to promote its > products must tap into the local electricity grid....>
> By 2050 solar and wind will supply almost half the world’s> electricity
> ,
> bringing to an end an energy era dominated by coal and gas, > according to forecasts by BloombergNEF, Bloomberg LP’s primary > research service on energy transition.>
> It can’t happen without storage. The switch from an electricity > system supplied by large fossil fuel plants that run virtually > uninterrupted to a more haphazard mix of smaller, intermittent > renewable sources needs energy storage to overcome two key hurdles: > using power harvested during the day to supply peak energy demand in > the evening and ensuring there’s power available even when the > wind drops or the sun goes down.>
> “We think storage can be the leapfrog technology that’s really > needed in a world that’s focused on dramatic climate change,” > says Mary Powell, chief executive officer of Green Mountain Power > Corp., a utility based in Colchester, Vt., that’s worked with > Tesla to deploy more than 2,000 residential storage batteries. Asia is the right place for a US ‘Green New Deal’ Deloitte: 75% of companies have renewables procurement targets Seventy-five percent of businesses in the US have targets for renewables procurement and many want to use such energy sources to both reduce their energy consumption and environmental footprint, according to Deloitte. The trend, in part, is due to consumer demand, with 67% of consumers reporting they're concerned about climate change and the environment. House bill seeks more than $1T for infrastructure, green energy > A bill reintroduced in the House proposes channeling more than $1 > trillion toward renewing infrastructure and developing clean energy > while imposing a carbon-pollution tax. Rep. John Larson, D-Conn., > says funding in his America Wins Act would be spread over 10 years > and would cover "all types of needed infrastructure, from > transportation to clean water, while also dedicating significant > funding to clean energy and climate change-related programs." US wind poised to surpass hydro by year's end > Wind will likely surpass hydro to become the nation's leading source > of renewable energy by the end of 2019, says the Energy Information > Administration. The wind industry is expected to generate 335 > billion kilowatt-hours of energy in 2020, up from 295 billion kWh in> 2019.
Q2 market report: American wind power nears 100 GW > Everyone likes a nice, round number, and American wind power is > approaching a big one: 100 gigawatts of installed capacity. AWEA's > just-released US Wind Industry Second Quarter Market Report shows > record-breaking, continued growth for the US wind industry. The > country added 736 megawatts of wind capacity to the grid as > developers commissioned four new wind farms in the second quarter. Fund, workers union launch renewables apprenticeship program > The Power for America Training Trust Fund and Utility Workers Union > of America have launched a new apprenticeship program to prepare > workers for jobs in offshore wind, land-based wind, solar and > battery storage. "These are the jobs of the future, and if we're > going to remain on the cutting edge of the energy industry, the > skills we teach must reflect those of the ever-changing energy > industry," P4A Executive Director Jon Harmon says. Global wind industry employed 1.1M people in 2018 > More than 1.1 million people worked in wind jobs worldwide in 2018, > with most jobs coming from the US, China and Germany, according to > International Renewable Energy Agency data. Renewables employed 11 > million people last year, IRENA says. Company Uses NASA Technology to Make Healthy Food ‘Out of Thin Air’ Using Only CO2, Water, and Solar Electricity > The engineers at Solar Foods have succeeded in making a protein > powder using only CO2, water, vitamins, and renewable electricity. > The powder, which they have called Solein, was created using > technology that was developed by NASA. It reportedly looks and > tastes just like wheat flour, except it is made up of 50% protein. > Since the single-cell protein can be produced in an indoor > environment, it is completely independent of weather and land> conditions.
> “Conventional food production wastes water at unsustainable and > unreasonable levels. We wanted to fix that,” reads the Solar Foods> website .
> “Solein is 100 times more climate-friendly than any animal or > plant-based alternative. Unlike conventional protein production, it > takes just a fraction of water to produce 1 kilogram of Solein,” > it continues. “As with water use, the same game-changing effect > applies to land use efficiency as well, with Solein being 10 times > more efficient than soy production by a metric of usable protein > yields per acre.” National Labs Explore Hydrogen and its Reactions with Metals andPolymers
> The United States produces about 10 million metric tons of hydrogen > every year, primarily for refining petroleum and making ammonia. But > the use of hydrogen is growing in the transportation field where > thousands of fuel cells power forklifts and other vehicles.... > A common problem for industries that use hydrogen is that the metal > structures that store or transfer it—such as valves, pumps, fuel > tanks, and storage vessels—must be made of expensive alloys of > aluminum and steel. Hydrogen damages these alloys given enough > exposure. To avoid unexpected failures, metal components exposed to > hydrogen are routinely inspected and taken out of service after a > set number of years. But the actual mechanisms of interactions > between hydrogen and metals at the nano and microscale levels are > not well understood, so component lifetimes are challenging to > estimate. Even less is known about how hydrogen affects polymers, > which are used in plastic pipes and rubber seals that get exposed to> hydrogen.
> To get a better understanding of how hydrogen reacts with materials, > researchers at Sandia and Pacific Northwest national laboratories > will work together in the Hydrogen Materials Compatibility > Consortium (H-Mat). It will focus on how hydrogen affects polymers > and metals used in various industrial sectors, including fuel-cell > transportation and hydrogen infrastructure. Researchers at Oak > Ridge, Savannah River, and Argonne national laboratories, as well as > in industry and academia, will also be included in the consortium. > The effort supports DoE’s H2@Scale initiative, which aims to > advance hydrogen use for energy production and storage as well as > industrial processes. Public Transit Projects Cheaper Than Uber's $5.2 Billion Q2 Losses,Ranked
> Uber announced a $5.2 billion loss last quarter> ,
> bringing the company’s total losses to $16.2 billion since 2016. > In completely, totally unrelated news, here are some public > transportation projects currently under construction in the United > States that cost less than $5.2 billion individually:>
> * Chicago Red and Purple Line Modernization Project ($2.1 billion) > * Los Angeles Regional Connector ($1.76 billion) > * LA Metro Purple Line Extension Phase 1 ($3.2 billion) > * Minneapolis Southwest Corridor/Green Line Extension ($1.86> billion)
> * Seattle East Link rail extension ($2.8 billion) > * Washington, D.C. Purple Line ($2.1 billion) > * Seattle Lynnwood Link ($3.07 billion)>
> Combined, these seven major public transportation projects are > projected to cost $16.89 billion, or about four percent more than > Uber’s cumulative losses since 2016.ORGANIZED LABOR
CWA’s Morton Bahr Was A Labor Icon > Communications Workers of America (CWA) President Emeritus Morton > Bahr passed away. Bahr was an iconic leader in the American labor > movement whose innovation and dedication will be felt for many years > to come.... Bahr’s tireless efforts on behalf of working people > led to his election as president of CWA in 1985, becoming only the > third president in the union’s history. He would win re-election > to the position and remained president for 20 years. During this > time, he also became an AFL-CIO vice president and Executive Council> member.
> The year before he was elected, the AT&T Bell System was broken up>
> and the shakeup meant the telecommunications industry was in > turmoil. Bahr created new bargaining and campaign strategies to help > workers survive the turbulent times. One major strategy was to > expand beyond telecommunications to include high technology, media, > the airline industry, electronics, manufacturing, public service and> more.
> Bahr became an expert on the nexus of technology and the workforce, > and he championed groundbreaking education and training programs > that would help transform the labor movement. “Labor Puts Candidates On Notice: ‘Let’s Be Honest About The Democratic Party’s Record'” > “Trumka went on, ‘More often than not, the Republican Party is > bad for workers. This president is bad for workers. But let’s be > honest about the Democratic Party’s record.’ He singled out the > North American Free Trade Agreement and the Trans-Pacific > Partnership as Democrat-backed trade deals that were tilted against > the working class.” > Some of us remember how Obama failed to deliver on the one real > promise he made to unions when he had the power to do so:>
>
>
>
> Noam Scheiber@noamscheiber>
>
>
>
>
> Also, Biden just said the reason the Obama admin couldn't pass the > Employee Free Choice Act, the pro-unionization bill labor has been > trying to pass for years, is because the GOP had taken over the > House. But it was introduced in 2009, when Dems controlled both > houses of Congress>
>
>
> 443
> 1:54 PM - Aug 3, 2019>
DISRUPTING MAINSTREAM POLITICS Zaid Jilani@ZaidJilani In the year 2000, Congress voted to grant China upgraded trade status, helping it become world's most powerful dictatorship. Bernie Sanders voted against. He stood next to Pelosi at Dem presser and blasted Bill Clinton. "Let me tell you where he got his money,"Sanders intoned.
2,209
9:27 PM - Aug 6, 2019 “Here Are The Democratic Presidential Candidates With The Most Donations From Billionaires” > “As of the last filing deadline>
> with the Federal Election Commission on July 15th, 67 billionaires > — including spouses and members of billionaire families — had > donated to the 20 Democratic candidates that debated in Detroit last> week.”
> #1 Pete Buttigieg: 23 billionaire donors > #2 Cory Booker: 18 billionaire donors > #3 Kamala Harris: 17 billionaire donors > #4 Michael Bennet: 15 billionaire donors > #5 Joe Biden: 13 billionaire donors > #6 John Hickenlooper: 11 billionaire donors > #7 Beto O’Rourke: 9 billionaire donors > #8 Amy Klobuchar: 8 billionaire donors > #9 Jay Inslee: 5 billionaire donors > #10 Kirsten Gillibrand: 4 billionaire donors > #11 John Delaney: 3 billionaire donors > #12 Elizabeth Warren and Steve Bullock: 2 billionaire donors each > #13 Tulsi Gabbard, Andrew Yang, and Marianne Williamson: 1 > billionaire donor each > #14 Bernie Sanders, Julian Castro, Bill De Blasio, and Tim Ryan: 0 > billionaire donors "The Overlooked Difference Between Bernie Sanders and ElizabethWarren
:
> It's their approach to party politics—not policy—that truly sets > the progressive senators apart. There's only so much a > Democratic majority could accomplish as long as the party's > institutions are ridden with hedge fund managers, defense > contractors, pharmaceutical lobbyists, and other actors whose > interests are in diametric opposition to the progressive reforms > that Sanders and Warren champion. In the two years since Trump's > inauguration, the leadership of the Democratic Party has invested > far more time and energy into curbing potential opposition from its > left than it has to resisting the total acquisition of America's > political institutions by the far right. Sanders intimately > understands this. Warren, irrespective of her personal beliefs, does > not operate as if she does, and that could prove a major impediment > to achieving her policy goals."THE DARK SIDE
Meet The Right-Wing Consultant Who Goes From State To State SlashingBudgets
Business Group Spending on Lobbying in Washington Is at Least Double What’s Publicly Reported Andrew Perez, Abigail Luke, Tim Zelina > Billions of dollars are being spent in the dark on “advocacy,” > “consulting,” “contributions,” “coalitions,” > “consortiums,” “government affairs,” “communications,” > and “memberships.” The Emerging Republican Majority, 50 Years Later > Mississippi’s path was instructive: While GOP nominees had won > less than 25 percent of the state’s vote in 1956 and 1960, > Goldwater took a whopping 87 percent in 1964.... > Kevin Phillips studied these returns obsessively, concluding that > many white voters in the Southwest and in the suburbs shared with > the white voters of the South an uneasiness with civil-rights > advances and growing African American political power. The > “principal cause of the breakup of the New Deal coalition,” > according to Phillips, was the “Negro problem.” If Republicans > could capitalize on that racial tension, their party would profit. > Phillips called for uniting the South and West, as Goldwater had > hoped, while also appealing to another group: the growing suburban > electorate. The key to wooing white voters in the Sun Belt, > according to Phillips, was taking advantage of “group > animosities” and exploiting racial tensions—once again, knowing > “who hates who” and acting on it. “Ethnic and cultural > animosities and divisions exceed all other factors in explaining > party choice and identification,” Phillips observed.... > Phillips used his research to frame a Goldwater-like strategy that > indirectly appealed to racial resentment through criticism of the > federal government and an emphasis on law-and-order politics. “The > fulcrum of re-alignment is the law and order/Negro socioeconomic > syndrome,” Phillips wrote in one 1968 campaign-strategy memo> .
> “ should continue to emphasize crime, decentralization of > federal social programming, and law and order.”> ....
> The administration deliberately “furnish some zigs to go with > our conservative zags,” the domestic-policy chief John Ehrlichman > reminded the president. He pointed to the administration’s support > for affirmative action in the “Philadelphia Plan” as an example. > On the surface, Nixon’s support seemed out of step with his > campaign promises; the Philadelphia Plan stemmed from one of LBJ’s > most aggressive civil-rights policies. But Nixon’s aides saw it as > a way to fracture the New Deal coalition by pitting civil-rights > organizations and labor unions against each other. “Before > long,” Ehrlichman later chuckled, “the AFL-CIO and NAACP were > locked in combat over one of the most passionate issues of the day, > and the Nixon administration was located in the sweet and reasonable> middle.”
Right‐to‐Carry Laws and Violent Crime: A Comprehensive Assessment Using Panel Data and a State‐Level Synthetic Control Analysis > ABSTRACT This article uses more complete state panel data (through > 2014) and new statistical techniques to estimate the impact on > violent crime when states adopt right‐to‐carry (RTC) concealed > handgun laws. Our preferred panel data regression specification, > unlike the statistical model of Lott and Mustard that had previously > been offered as evidence of crime‐reducing RTC laws, both > satisfies the parallel trends assumption and generates statistically > significant estimates showing RTC laws increase overall violent > crime. Our synthetic control approach also finds that RTC laws are > associated with 13–15 percent higher aggregate violent crime rates > 10 years after adoption. Using a consensus estimate of the > elasticity of crime with respect to incarceration of 0.15, the > average RTC state would need to roughly double its prison population > to offset the increase in violent crime caused by RTC adoption. Trump quietly used regulations to expand gun access: His administration has mostly focused on expanding gun access through little-noticed regulatory moves. Posted by Tony Wikrent at 7:38 AM0 comments
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THURSDAY, AUGUST 8, 2019 THE TRIUMPH OF THE SQUARES The 50th anniversary of the first moon walk has caused me a full-blown geek-out. I remember the space race with fondness. Aerospace was the biggest story out there. The 50s and 60s saw an explosion of technological growth. Some favorites of mine from that era include theF-104 , the
U-2 , the SR-71
, the Boeing
707 , 727
, and 747
—the "jet age" planes that changed travel and even music by democratizing flight. I "graduated" from my Erector Set stage straight into model airplanes—the ones that flew and made a bunch of noise. And even though the space race was on, I was never seduced into model rocketry. It was expensive and the available examples didn't do much—restricted as they were by the same sort of regulations as fireworks (which where I lived were essentially outlawed.) Real-world rockets were kind of boring as well. The most notorious of the test pilots out at Edwards Air Force Base(Chuck Yeager
) even labeled the early astronauts as nothing more than "spam in a can." After all, the first "American" in space was a chimp. But that wouldn't
last long. The original astronauts were extremely competent test pilots and before long, they were demanding greater control of theirmissions.
Even so, I was far more interested in the flight testing at Edwards where they pushed the limits of supersonic flight with real airplanes like fighters jets. But soon, they eventually embraced rocketry with the incomparable X-15. They had to. If
you want to set speed and altitude records, eventually you run out of atmosphere where air-breathing power-plants simply do not work. The X-15 was insanely fast, complex and dangerous. It wasn't going to be piloted by a chimp. In fact, these things required the skills of the best pilots we could find. And I had a favorite—Neil Armstrong.
Armstrong was a superb pilot. On one mission a failure of a new instrument caused him to fly nearly 50 miles beyond where he was supposed to turn back to Edwards. His propulsion was spent so he was flying a glider with the aerodynamic performance (4:1 glide ratio) of a brick. He nursed that X-15 back to Edwards coming over the lake bed at less than 100'. This would be the same guy who landed on the moon with less than 30 seconds worth of fuel. His degree in aeronautical engineering came from Purdue. This is NOT a school that grants engineering degrees to goof-offs. In fact Purdue would contribute a serious fraction of the top engineers to the space program. The rest mostly came from State Universities in the USA Midwest like Michigan. He grew up in Wapakoneta, Ohio about an hour north of Dayton—the home of the Wright Brothers. His father paid for a ride in a Ford Tri-motorat 6. He soloed an
airplane on his 16th birthday (the legal minimum age) and spent much of his childhood building model airplanes. This last fact is what endeared him to me. I too built model airplanes which were insanely difficult to get to fly well. The problem is that models and real airplanes conform to the same laws of nature which means to indulge in this hobby, it really helps to learn things like fluid dynamics, lightweight structures, and drag coefficients. You know—kid stuff. Yes that is me with a model that required at least 150 hours to build. Didn't fly very well—too little power and too much paint. Flying is something that only happens on the boundaries of perfection. You can get 15,000 things right and one wrong and your precious airplane is a flaming heap. Good pilots are followers of check lists—as diligent on the 1000th time through as the first. They read the operator's manuals. They know what all those switches do. They understand that dishonesty and corner-cutting could end their lives. Armstrong was notorious for insisting on understanding every part of his aircraft. He wanted to know what everything was supposed to do and what it COULD do in an emergency. But even better, he understood that flying is a team effort and it was critical for every member of the team to take their jobs seriously. Here's what he says about the people who built Apollo. > Armstrong: Each of the components of our hardware were designed to > certain reliability specifications, and for the majority, to my > recollection, had a reliability requirement of 0.99996, which means > that you have four failures in 100,000 operations. I've been told > that if every component met its reliability specifications > precisely, that a typical Apollo flight would have about > separate identifiable failures. In fact, we had more like 150 > failures per flight, better than statistical methods > would tell you that you might have.>
> I can only attribute that to the fact that every guy in the project, > every guy at the bench building something, every assembler, every > inspector, every guy that's setting up the tests, cranking the > torque wrench, and so on, is saying, man or woman, "If anything goes > wrong here, it's not going to be my fault, because my part is going > to be better than I have to make it." And when you have hundreds of > thousands of people all doing their job a little better than they > have to, you get an improvement in performance. And that's the only > reason we could have pulled this whole thing off. THE TRIUMPH OF THE SQUARES Nearly a year after the landing of Apollo 11, NASA head Thomas Paine gave a commencement address at Worcester Polytechnic Institute where he declared that the successful moonshot was a triumph of the squares,
the validation of the values of "Squareland" which he listed as foremost a profound faith in reason. It was "outward looking and mathematical," was "time oriented...and deeply concerned with future consequences." It "accepts as true only rational facts and theories which predict future events with mathematical precision under rigorous standards of reproducibility. Only Squareland's rationality could ensure the "crops yield, lights light, bridges carry loads, children avoid polio, and men walk on the moon." In fact. to Squarelanders, a solid definition of "truth" might be "that which successfully takes two men to the moon." This speech made me groan and roll my eyes. On one hand, going to the moon really DID require the "square" virtues that Paine so celebrated. Beside, I was clearly a prototypical "square" (see photo above.) Building airplanes sort of demands squareness. I was also the son of a small-town clergyman—building airplanes was one way of staying above the reproach of the church ladies. On the other hand, this speech set off the scolds who assumed that "square" virtue included an unquestioning support of the Vietnam War, a marked preference for booze over pot, white shirts and neck ties, and above all, short hairfor men.
Unfortunately, the space race had been sold as Cold War macho and a real-live Nazi named Wernher von Braun was chosen to head the effort. So the link between the space race and unbridled militarism was pretty damn short. NASA was acutely aware of this problem. It was one of the reasons that Neil Armstrong was chosen to take the first step—he was the only civilian pilot to have reached his advanced status. This turned out to be an excellent choice. In the goodwill tour following the moon landing, he charmed his listeners around the world into believing that this was a triumph of human (not American) genius. The reason this worked is because Armstrong deeply believed it was true. But while the moon landing was clearly a triumph of the squares, the squares would not triumph. By 1972 the Apollo program was ended and no human has gone beyond low-earth orbit since. The can-do attitude of Apollo has so completely disappeared from American culture that many now actually believe the landing was a hoax. It is probably more accurate to call Apollo "Peak Square" because the vast majority of my fellow citizens in 2019 look on a profound faith in reason as a weird psychological disorder.BBC CALLING
In the summer of 1970, I found myself in UK. I kept running into people who wanted to talk about the moon landing. Most of them were very well informed. I had to scramble to keep up at times. One night in London, a waitress in a pub sat down next to me and asked if I was the American space expert she had overheard. I humbly admitted I was probably who she was looking for but I was FAR from being an expert. Then she asked, "How did they know how long the burn for the lunar insertion midflight correction should be? And how did they know they were pointing the engine in the right direction?" I didn't have a canned response so I pulled out my understanding of inertial navigation. It wasn't a very good answer but she seemed to understand, smiled and went back to work. I was left wondering just how a random London barmaid knew enough to even ask such good questions. In 1978, PBS would air a 10-part series called Connectionsstarring a
fascinating storyteller named James Burke. (There was a companioncoffee-table book
by the same name). Burke had carved out an awesome assignment for himself. He wanted to explain the products of the modern world (computers, plastics, powered flight, etc.) in such a way that his listeners would understand how their world came to be. It was absolutely brilliant. Episode #1 The trigger effect traced the development of a modern city like New York back to the invention of the plow. The nine that would follow were equally good. Somewhere along the way we are informed that Burke was the man who covered Apollo for BBC. AHA! That explained why the Brits knew so much about the moon landing—at least partly. So in the near-infinity of Apollo 11 at 50 coverage on YouTube, I went looking to see if I could find any of Burke's descriptions. I found a good one —an hour of Apollo highlights. Just in case you need a reminder of how utterly lame the Apollo coverage was on USA corporate media, here is an example from ABC. I am
pretty sure all the CBS and ABC coverage of the whole mission can befound at YouTube.
Of all the footage of the Apollo 11 mission that I have uncovered in the past few months, the following may be my favorite. It was done by NASA and has even more in capsule footage than the recently released Blu-Ray of Apollo 11. Of course, the new version has far superior imagery because restoration techniques are so much better. But this one is narrated by Wernher von Braun himself and the technique he used is to compare the 1969 effort against the description of a trip to the moon from Jules Verne's 1865 _From Earth to the Moon._ As for the speculation that the Apollo program could provide a template for how this nation should take on the challenges of climate change, my responses are:It might work
* If we can restock our seriously depleted supply of "squares." * If we can find leadership that understands that this problem will be at LEAST 1000 times more difficult than the moon landing—and that's the best reason to do it. The HILL looked at this possibility in more depth: Apollo as modelfor climate change.
Posted by Jonathan Larson at 2:59 AM0 comments
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SUNDAY, AUGUST 4, 2019 WEEK-END WRAP - POLITICAL ECONOMY - AUGUST 3, 2019 Week-end Wrap - Political Economy - August 3, 2019by Tony Wikrent
Economics Action Group, North Carolina Democratic Party ProgressiveCaucus
UPCOMING EVENTS
August 7: Film Screening of Zero Weeks with Congresswoman Adams(Charlotte)
August 10: Film Screening of Zero Weeks with Congressman Butterfield(Wilson)
> The award-winning documentary film Zero Weeks explores the crisis of > unpaid leave in America. Immediately following the screening of the > film will be a discussion featuring leaders working on paid leave> for all.
September 2: Charlotte Labor Day Parade September 19-20: 62nd Annual NC AFL-CIO Convention (Charlotte) STRATEGIC POLITICAL ECONOMY Jeffrey Epstein, Trump’s Mentor and the Dark Secrets of the ReaganEra
> Starting first with mob-linked liquor baron Lewis Rosenstiel and > later with Roy Cohn, Rosenstiel’s protege and future mentor to > Donald Trump, Epstein’s is just one of the many sexual blackmail > operations involving children that are all tied to the same network, > which includes elements of organized crime, powerful Washington > politicians, lobbyists and “fixers,” and clear links to > intelligence as well as the FBI. _Some of the worst memories of my community organizing days in the 1980s involve my trying to convince people that USA’s industrial base was being destroyed by takeovers largely financed with money from organized crime. People just did want to hear the details. They especially did not want to hear that St. Ronnie’s political career had been promoted by the mob. Amazingly, the people most resistant to these facts were the “organized” leftists in CPUSA and SWP. The communists and socialists almost invariably dismissed the details of these organized crime connections, and wanted only to discuss impersonal theoretical forces like “historical materialism” and “capitalist accumulation.” I came to detest talking to them.__
_
_For three decades now, I have occasionally referred to this issue of organized crime taking over the USA industrial economy, and hypothesized that one major effect has never been studied: replacing competent industrial management with the criminal mentality and inclinations of the mob-financed corporate raiders. It was Jon Larson at RealEconomics who about 15 years ago pointed me to Thorstein Veblen’s (_The Theory of the Leisure Class_) explanation of how “Leisure Class” predatory elites are “barbarians: who gain power through force and fraud: “The traits which characterise the predatory and subsequent stages of culture, and which indicate the types of man best fitted to survive under the régime of status, are (in their primary expression) ferocity, self-seeking, clannishness, and disingenuousness — a free resort to force and fraud.” Veblen explained how the rise of criminal predators to economic power creates a _pecuniary culture_._
GND - AN OPPORTUNITY TOO BIG TO MISS “Modest (insipid) Green New Deal proposals miss the point – Part2”
, via
Naked Capitalism 7-30-19] > “At the basis of the > ‘solution’ is the belief that there is a trade-off between, say, > environmental damage and economic growth (production). And the > market failure skews that trade-off towards growth at the expense of > environmental health. So all that is needed is some intervention (a > tax) that will skew the trade-off back to something more preferable. > The problem is that the whole idea that there is a trade-off between > protecting our environment and economic production is flawed at the > most elemental level.>
> There is no calculus (which underpins this sort of microeconomic > reasoning) that can tell us when a biological system will die. The > idea that we can have a ‘safe’ level of pollution, regulated via > a price system, is groundless and should not form part of a > progressive response. Carbon trading schemes (CTS) are neoliberal > constructs which start with the presumption that a free market is > the best way to organise allocation.” Lamber Strether adds: "Worth repeating:
Mark Blyth says that “Markets cannot internalize their externalities on a planetary scale. They just can’t. It’s impossible.” " “Green New Deal: Candidate Scorecards”Read more »
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SUNDAY, JULY 28, 2019 WEEK-END WRAP - POLITICAL ECONOMY - JULY 27, 2019 Week-end Wrap - Political Economy - July 27, 2019by Tony Wikrent
Economics Action Group, North Carolina Democratic Party ProgressiveCaucus
STRATEGIC POLITICAL ECONOMY These journalists exposed the corruption that led to Puerto Rico’smass protests
The World’s Biggest Lawsuit, Juliana v. United States, will force US government to stop climate change Lambert Strether, July 25, 2019 > Juliana v. United States is a big and complicated case that has now > advanced through two administrations. The original complaint>
> was filed in September 2015; Judge Ann Aiken of Oregon district > court rejected the government’s motion to dismiss the case>
> in November 2016.... The American Bar Association, in “Can Our > Children Trust Us with Their Future> ?,”
> describes the scale of the case and the stakes: > _The 2016 ruling in Kelsey Cascadia Rose Juliana v. USA is one of > the greatest recent events in our system of law. (See Opinion and > Order, Case No. 6:15-cv-01517-TC, US District Court for Oregon, > Eugene Division. Anne Aiken, Judge, filed 11/10/16.) A group of > children between the ages of eight and nineteen filed suit against > the federal government, asking the court to order the government to > act on climate change, asserting harm from carbon emissions. The > federal government’s motion to dismiss was denied. Although I am > not involved in the case, I am a lifelong environmentalist, and I > teach environmental law (to non-law students). This case is a > shining example of what law can be. This case gives me hope that we > will not continue to cooperate in our own destruction, and future > generations will be able to rely on us to uphold the spirit of the > law and purpose behind government...._ > _So Juliana v. United States is a lawsuit that’s being sponsored > and facilitated by Our Children’s Trust, > which is a nonprofit > organization in Eugene, Oregon, that’s been working on atmospheric > climate litigation to try to deal with the climate crisis for a > while. So our lawsuit was filed in August of 2015, with 21 > plaintiffs from all over the country that each have their own > complaint, as part of a large declaration that gives a standing to > sue the U.S. Federal Government. And basically, we’re asserting > that the U.S. Federal Government has known since 1960 that climate > change could be potentially disastrous. We have proof from > administrations going back all the way to the Johnson > administration, saying that they knew climate change could be an > issue and they knew that fossil fuel infrastructure was causing it. > And the U.S Federal Government still chose to take direct action to > continue to perpetuate the fossil fuel industry and the U.S. fossil > fuel economy that we have._ > _And we’re asserting that by taking that direct action, they’ve > disproportionately put the rights of young people at risk, and the > rights of life liberty and property as promised to us in the > Constitution...._> ....
> From The New Yorker, in “The Right to a Stable Climate Is the > Constitutional Question of the Twenty-first Century> “:
>
> _Judge Aiken had found that the plaintiffs had standing to sue > because they had demonstrated three things: that they had suffered > particular, concrete injuries; that the cause of their injuries was > “fairly traceable” to the government’s actions; and that the > courts had the ability, at least partially, to remedy these > injuries. On the first two parts of standing, the government’s > case is weakening by the minute, owing especially to the growing > body of attribution science—studies published in peer-reviewed > journals that directly link extreme weather events, such as huge > hurricanes and raging wildfires, to climate change. “Evidence to > meet the standing burden has gotten much stronger,” Ann Carlson, > an environmental-law professor at U.C.L.A., told me...._> ....
> Here is a lawyerly disquistion on the public trust doctrine from the > American Bar Association, “Climate Change Litigation: A Way> Forward
> “,
> with citations and everything.... > CBS reporter Steve Croft, in “The climate change lawsuit that > could stop the U.S. government from supporting fossil fuels> ,”
> interviews Julia Olson, an Oregon lawyer, and the executive director > of the NGO, Our Children’s Trust, which initiated Juliana:>
> “ began constructing the case eight years ago out of this > spartan space now dominated by this paper diorama that winds its way > through the office.”>
> OLSON : So this is a timeline that we put together… uring > President Johnson’s administration, they issued a report in 1965 > that talked about climate change being a catastrophic threat. Every > president knew that burning fossil fuels was causing climate> change.
> Fifty years of evidence has been amassed by Olson and her team, > 36,000 pages in all, to be used in court.>
> OLSON: Our government, at the highest levels, knew and was briefed > on it regularly by the national security community, by the > scientific community. They have known for a very long time that it > was a big threat. > KROFT: Has the government disputed that government officials have > known about this for more than 50 years and been told and warned > about it for 50 years? > OLSON: No. They admit that the government has known for over 50 > years that burning fossil fuels would cause climate change. And they > don’t dispute that we are in a danger zone on climate change. And > they don’t dispute that climate change is a national security > threat and a threat to our economy and a threat to people’s lives > and safety. They do not dispute any of those facts of the case.Steve > Kroft: So you’ve got them with their own words. > OLSON: We have them with their own words. It’s really the > clearest, most compelling evidence I’ve ever had in any case > I’ve litigated in over 20 years. > 30,000 pages. It looks like there’s a reason Juliana has survived > as long as it has.Read more »
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Liberals and the left fail to notice - and celebrate - the intellectual death of conservatism Faced with Trump's populist seizure of the Republican Party, establishment conservatives and libertarians are trying to redefineclassic...
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