Category : * Economics, Politics

(WSJ) The Fight for AI Talent: Pay Million-Dollar Packages and Buy Whole Teams

The artificial-intelligence boom is sending Silicon Valley’s talent wars to new extremes.

Tech companies are serving up million-dollar-a-year compensation packages, accelerated stock-vesting schedules and offers to poach entire engineering teams to draw people with expertise and experience in the kind of generative AI that is powering ChatGPT and other humanlike bots. They are competing against each other and against startups vying to be the next big thing to unseat the giants.

The offers stand out even by the industry’s relatively lavish past standards of outsize pay and perks. And the current AI talent shortage stands out for another reason: It is happening as layoffs are continuing in other areas of tech and as companies have been reallocating resources to invest more in covering the enormous cost of developing AI technology.

“There is a secular shift in what talents we’re going after,” says Naveen Rao, head of Generative AI at Databricks. “We have a glut of people on one side and a shortage on the other.”

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Posted in Corporations/Corporate Life, Labor/Labor Unions/Labor Market, Science & Technology

(FT) How the Taliban’s return made Afghanistan a hub for global jihadis

Less than a year after the Taliban retook power in Afghanistan following the US’s chaotic 2021 withdrawal, President Joe Biden vowed the country that once harboured Osama bin Laden would “never again . . . become a terrorist safe haven”.

Yet a surge in international terrorist threats linked to Afghanistan is raising alarm among governments that the country that once sheltered the masterminds of the September 11, 2001 attacks is again becoming a hotspot for jihadi groups with global ambitions.

Western officials blamed Islamic State-Khorasan Province, the Afghan-based affiliate of the Middle Eastern extremist group and bitter enemy of the Taliban, for last week’s attack on a Moscow concert hall that killed at least 137 people.

The Taliban has fought a bloody counterinsurgency campaign against Isis-K since coming to power, but analysts said the jihadist group gained substantial strength following the US withdrawal and more recently has ramped up its international activity. Isis-K was also linked to bombings in Iran in January that killed nearly 100 people, an attack on a church in Turkey the same month, and a foiled plot last week to attack Sweden’s parliament that authorities said may have been directed from Afghanistan.

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Posted in Afghanistan, America/U.S.A., Foreign Relations, Military / Armed Forces, Politics in General, Terrorism

(Economist) What to make of China’s massive cyber-espionage campaign

Mark Kelly of Recorded Future, a cyber-security firm, says his company is aware of about 50 hacking groups in China, including private firms working for the mss or People’s Liberation Army. There are undoubtedly many more. Mr Kelly describes China’s cyber-espionage efforts as “orders of magnitude” greater in scale than those mounted by Russia or North Korea.

As the indictment shows, they are surprisingly devolved. Some of them specialise in spying on different parts of the world, says Nigel Inkster, a former deputy head of Britain’s spy agency, mi6. They have considerable leeway to do as they wish, he says: “I’m not even sure that there is any kind of formal political clearance mechanism.” Much of their work is subcontracted to private firms. Last month a huge online dump of documents from one such company, i-Soon, showed its involvement in large-scale cyber-snooping on behalf of a variety of government agencies.

The West’s anxieties, not least about the hackers’ theft of corporate data, are becoming increasingly manifest. In January the head of the fbi, Christopher Wray, said that China’s state-sponsored hackers outnumbered his agency’s cyber-personnel by “at least 50 to one”. He added that China’s hackers are laying the groundwork for a possible Chinese strike, “positioning on American infrastructure in preparation to wreak havoc and cause real-world harm to American citizens and communities.”

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Posted in China, Corporations/Corporate Life, Ethics / Moral Theology, Foreign Relations, Politics in General, Science & Technology, The U.S. Government

(Washington Post) Daniel Kahneman, Nobel laureate who changed the way we think about thinking, dies at 90

Daniel Kahneman, an Israeli American psychologist and best-selling author whose Nobel Prize-winning research upended economics — as well as fields ranging from sports to public health — by demonstrating the extent to which people abandon logic and leap to conclusions, died March 27. He was 90.

His death was confirmed by his stepdaughter Deborah Treisman, fiction editor at the New Yorker. She did not say where or how he died.

Dr. Kahneman’s research was best known for debunking the notion of “homo economicus,” the “economic man” who since the epoch of Adam Smith was considered a rational being who acts out of self-interest. Instead, Dr. Kahneman found, people rely on intellectual shortcuts that often lead to wrongheaded decisions that go against their own best interest.

These misguided decisions occur because humans “are much too influenced by recent events,” Dr. Kahneman once said. “They are much too quick to jump to conclusions under some conditions and, under other conditions, they are much too slow to change.”

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Posted in * Economics, Politics, Anthropology, Books, Death / Burial / Funerals, Education, History, Israel, Psychology, Sports, Theology

(BBC) Senegal election: Voters choose new president after political crisis

People in Senegal have been voting for a new president in a delayed election after weeks of political unrest.

Long queues of voters were witnessed across the country as they flocked to choose from 17 presidential candidates.

After he voted, outgoing President Macky Sall warned candidates against making premature claims of victory.

The election had been due to take place last month but Mr Sall postponed it, triggering deadly opposition protests and a democratic crisis.

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Posted in Politics in General, Senegal

(Bloomberg) Vital Baltimore Bridge Collapses After Being Struck by Ship

A major commuter bridge in Baltimore collapsed after being struck by a container ship, causing vehicles to plunge into the water and halting shipping traffic at one of the most important ports on the US East Coast.

Baltimore Fire Chief James Wallace said two people had been rescued from the scene, one of whom was seriously injured. Authorities were looking for up to seven people who are believed to be in the water, although it was unclear if that included the two who were rescued.

The early morning disaster at the Francis Scott Key Bridge will cause huge disruption — both for shipping at one of the busiest ports on the US East Coast and on the roads — after severing a key link on the major highway encircling Baltimore.

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Posted in * Economics, Politics, America/U.S.A., Economy

(FT) US faces Liz Truss-style market shock as debt soars, warns watchdog

The US faces a Liz Truss-style market shock if the government ignores the country’s ballooning federal debt, the head of Congress’s independent fiscal watchdog has warned.

Phillip Swagel, director of the Congressional Budget Office, said the mounting US fiscal burden was on an “unprecedented” trajectory, risking a crisis of the kind that sparked a run on the pound and the collapse of Truss’s government in the UK in 2022.

“The danger, of course, is what the UK faced with former prime minister Truss, where policymakers tried to take an action, and then there’s a market reaction to that action,” Swagel said in an interview with the Financial Times.

The US was “not there yet”, he said, but as higher interest rates raise the cost of paying its creditors to $1tn in 2026, bond markets could “snap back”.

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Posted in * Economics, Politics, America/U.S.A., Budget, Credit Markets, Economy, The National Deficit, The U.S. Government

([London] Times) Religious jobs are a broad church–there’s more than just clergy

As perhaps the ultimate job with purpose, careers in the church are enjoying a second coming.

In a world of zero-hours contracts and corporate greed, doing God’s work is an increasingly attractive option for those seeking a meaningful role making a difference to communities locally and worldwide. Two factors have combined to resurrect interest in church employment.

Firstly, ageing congregations and the rapid rise in female employment means there are fewer volunteers to take on local roles. A recent study suggested the average age of the church’s worshipping community was 61, but many congregations’ members are still in employment and unable to volunteer….

Secondly, modernising moves such as the Church of England’s £30 million net-zero carbon programme and diversity, equity and inclusion initiatives have aligned the church to corporate workplaces, making it simpler for those with transferable skills to make the move into ministry.

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Posted in Church of England, England / UK, Labor/Labor Unions/Labor Market, Religion & Culture

(BBC) Kate, Princess of Wales, says she is undergoing cancer treatment

The Princess of Wales says she is in the early stages of treatment after a cancer diagnosis.

In a video statement, Catherine says it was a “huge shock” after an “incredibly tough couple of months”.

But she sent a positive message, saying: “I am well and getting stronger every day.”

Details of the cancer have not been disclosed, but Kensington Palace says it is confident the princess will make a full recovery.

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Posted in Children, England / UK, Health & Medicine, Marriage & Family, Politics in General

(Providence) Antonio Graceffo–Nigeria’s Christian Repression Continues

Gunmen in Nigeria opened the New Year 2024 by killing 14 Christians on their way home from a midnight church service. The attack rocked the country’s Christian community, still reeling from a Christmas Eve massacre that claimed the lives of 130 believers. These attacks are just the latest in a disturbing trend of increasing violence against Christians in Nigeria, which some are calling a genocide.

Since the year 2000, 62,000 Christians have been murdered in Nigeria, prompting President Trump to place Nigeria on its list of violators of religious freedom. Biden removed Nigeria from the list, and last year alone, more than 8,000 Christians were killed.

In a report by the International Society for Civil Liberties and Rule of Law, between January 2022 and January 2023, 8,400 Christians were abducted, 840 of whom never returned alive from captivity. Many of these abductions have been attributed to the military and the police, some to Islamic Terror Jihadists, while others have been attributed to Fulani militias, who are also accused of having killed 600 captives. Priests and seminarians have been abducted, churches destroyed, Christian communities have been sacked, and millions of Christians and targeted Muslims have been displaced, either becoming internally displaced people (IDPs) or crossing international borders to become refugees.

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Posted in Death / Burial / Funerals, Military / Armed Forces, Nigeria, Terrorism, Violence

(Nature) Google AI could soon use a person’s cough to diagnose disease

A team led by Google scientists has developed a machine-learning tool that can help to detect and monitor health conditions by evaluating noises such as coughing and breathing. The artificial intelligence (AI) system, trained on millions of audio clips of human sounds, might one day be used by physicians to diagnose diseases including COVID-19 and tuberculosis and to assess how well a person’s lungs are functioning.

This is not the first time a research group has explored using sound as a biomarker for disease. The concept gained traction during the COVID-19 pandemic, when scientists discovered that it was possible to detect the respiratory disease through a person’s cough.

What’s new about the Google system — called Health Acoustic Representations (HeAR) — is the massive data set that it was trained on, and the fact that it can be fine-tuned to perform multiple tasks.

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Posted in Anthropology, Corporations/Corporate Life, Health & Medicine, History, Science & Technology

(NYT) A Mexican Drug Cartel’s New Target? Seniors and Their Timeshares

First the cartel cut its teeth with drug trafficking. Then avocados, real estate and construction companies. Now, a Mexican criminal group known for its brutality is moving in on seniors and their timeshares.

The operation is relatively simple. Cartel employees posing as sales representatives call up timeshare owners, offering to buy their investments back for generous sums. They then demand upfront fees for anything from listing advertisements to paying government fines. The representatives persuade their victims to wire large amounts of money to Mexico — sometimes as much as hundreds of thousands of dollars — and then they disappear.

The scheme has netted the cartel, Jalisco New Generation, hundreds of millions of dollars over the past decade, according to U.S. officials who were not authorized to speak publicly, via dozens of call centers in Mexico that relentlessly target American and Canadian timeshare owners. They even bribe employees at Mexican resorts to leak guest information, the U.S. officials say.

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Posted in Aging / the Elderly, Drugs/Drug Addiction, Ethics / Moral Theology, Foreign Relations, Mexico, Police/Fire, Politics in General, Science & Technology

(FT) Climate graphic of the week: Oceans set heat records for more than 365 days in a row

Oceans marked 365 straight days of record-breaking global sea surface temperatures this week, fuelling concerns among international scientists that climate change could push marine ecosystems beyond a tipping point.

The consistent climb in temperatures reached a peak on Wednesday when the new all-time high was set for the past 12 months, at 21.2C.

The world’s seas have yet to show any signs of dropping to typical, seasonal temperatures, with daily records consecutively broken since they first went off the charts in mid-March last year, according to data from the US National Atmospheric and Oceanic Administration and the Climate Reanalyzer research collaboration.

Driven by human-caused climate change and amplified by the cyclical El Niño weather phenomenon that warms the Pacific Ocean, this exceptional heat has bleak implications.

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Posted in Animals, Climate Change, Weather, Corporations/Corporate Life, Ecology, Economy, Energy, Natural Resources, Ethics / Moral Theology, Science & Technology

A Reflection on Saint Joseph the Worker by Tarcisio Giuseppe Stramare for his Feast Day

ZENIT spoke with Father Tarcisio Giuseppe Stramare of the Congregation of Oblates of Saint Joseph, director of the Josephite Movement, about Tuesday’s feast of St. Joseph the Worker….

ZENIT: What does “Gospel of work” mean?

Father Stramare: “Gospel” is the Good News that refers to Jesus, the Savior of humanity. Well, despite the fact that in general we see Jesus as someone who teaches and does miracles, he was so identified with work that in his time he was regarded as “the son of the carpenter,” namely, an artisan himself. Among many possible activities, the Wisdom of God chose for Jesus manual work, entrusted the education of his Son not to the school of the learned but to a humble artisan, namely, St. Joseph.

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Posted in Anthropology, Church History, Labor/Labor Unions/Labor Market, Theology

(NYT op-ed) Linda Thomas-Greenfield–The Unforgivable Silence on Sudan

Silence. Last September, when I visited a makeshift hospital in Adré, Chad, where young Sudanese refugees were being treated for acute malnutrition, that was all I heard: an eerie silence.

I had tried to prepare myself for the wails of children who were sick and emaciated, but these patients were too weak to even cry. That day, I saw a 6-month-old baby who was the size of a newborn and a child whose ankles were swollen, and whose body was blistered, from severe malnourishment.

It was equal parts newly horrific and tragically familiar.

Twenty years earlier I had visited the same town and met with Sudanese refugees who fled violence in Darfur, where the janjaweed militia, with backing from Omar al-Bashir’s brutal authoritarian regime, carried out a genocidal campaign of mass killing, rape and pillage.

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Posted in America/U.S.A., Defense, National Security, Military, Foreign Relations, Globalization, Military / Armed Forces, Politics in General, Poverty, Sudan, Violence

(FP) Moscow is rebuilding its military in anticipation of a conflict with NATO in the next decade, Estonian officials warn

Two years after Russia launched its full-scale invasion of Ukraine, the Kremlin is restructuring and expanding the country’s military in anticipation of a conflict with NATO within the next 10 years, Estonia’s foreign and military intelligence chiefs said in an interview on Wednesday.

Contrary to Russian President Vladimir Putin’s expectation of seizing the Ukrainian capital, Kyiv, in a matter of days, the first months of the invasion revealed profound shortcomings in Russian military planning as poorly equipped troops foundered in the face of fierce resistance by the Ukrainian armed forces. Experts as well as U.S. and foreign officials were quick to declare the Russian army a paper tiger.

“The Kremlin often claimed it had the second-strongest military in the world,” U.S. Secretary of State Antony Blinken said in a speech last June. “Today, many see Russia’s military as the second-strongest in Ukraine.”

But as the war enters its third year, Putin is looking increasingly confident. His main political rival, Alexei Navalny, is dead; vital U.S. military aid to Ukraine is stalled in Congress; and Russia has shifted its economy to a war footing, fueling defense production and economic growth in defiance of international sanctions.

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Posted in Defense, National Security, Military, Europe, Foreign Relations, History, Military / Armed Forces, Politics in General, Russia, Ukraine

(WSJ) Young adults are more skeptical of government and pessimistic about the future than any living generation before them

Kali Gaddie was a college senior when the pandemic abruptly upended her life plans—and made her part of a big and deeply unhappy political force that figures to play a huge role in the 2024 election season.

Her graduation was postponed, she was let go from her college job and her summer internship got canceled. She spent the final months of school taking online classes from her parents’ house. “You would think that there’s a plan B or a safety net,” she said. “But there’s actually not.”

Today, Gaddie, 25, works as an office manager in Atlanta earning less than $35,000 a year. In her spare time, she uploads videos to TikTok, where she’s amassed thousands of followers. Now, that’s at risk of being taken away too. All of this has left her dejected and increasingly skeptical of politicians.

Young adults in Generation Z—those born in 1997 or after—have emerged from the pandemic feeling more disillusioned than any living generation before them, according to long-running surveys and interviews with dozens of young people around the country. They worry they’ll never make enough money to attain the security previous generations have achieved, citing their delayed launch into adulthood, an impenetrable housing market and loads of student debt.

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Posted in * Culture-Watch, America/U.S.A., Anthropology, History, Politics in General, Psychology, The U.S. Government, Uncategorized, Young Adults

(PD) The West Has Forgotten Why Collateral Damage Is Morally Justified

Ezekiel lays much blame for the Israelites’ deserving punishment on the moral failings of their leaders. More directly, however, it was the political failings of their leaders that sealed the fate of all their people. The Judean kings could have heeded the call of the prophet Jeremiah and surrendered to King Nebuchadnezzar; they decided otherwise, and everyone endured the consequences. The political solidarity of a nation compels them to share the same fate. Even when only soldiers are targeted, noncombatants will die alongside them.

None of this means that one should target enemy noncombatants. The realities and obligations of our shared collective fate, however, dictate that one prioritize one’s own soldiers and citizens while worrying less about those who share another people’s destiny.

These two primary factors—our obligation to protect our own citizens and our filial duties to our brethren—come together when addressing the dilemma of involuntary human shields. If, at the end of the day, an army won’t attack certain legitimate targets because of collateral damage, then the terrorist group will use human shields to prevent their defeat. It’s hard to achieve a decisive victory when you cannot—or will not allow yourself—to destroy the enemy. Yes, guided missiles and other advanced technologies allow for greater precise targeting. Nonetheless, in the fog of war, it is impossible to achieve “immaculate warfare,” especially when the defenders are daring you to kill their human shields.

Ultimately, the defeat of these terrorist groups is the primary ethical imperative. This will benefit not only Israel but also the Gazan civilians who suffer longer under their terrorist leaders and the continuous warfare that they breed. There is a moral cost to not acting decisively, and a strategic cost to forgetting the moral justification for killing in war.

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Posted in Anthropology, Church History, Defense, National Security, Military, Ethics / Moral Theology, Foreign Relations, History, Israel, Middle East, Military / Armed Forces, Politics in General, The Palestinian/Israeli Struggle

(Economist) Time for TikTok to cut its ties to China

…there is one reason why America’s crackdown is justified. TikTok has evolved into a broad media platform with 170m users in America alone. A third of American adults under 30 consider TikTok a source not just of entertainment but of news. It is therefore a real concern that it has links to China, whose government is in deep ideological conflict with the West and sees the media as a tool of propaganda.

Most countries place some restrictions on foreign ownership of old media (ask Rupert Murdoch, who became an American citizen before taking over Fox). A bid by Abu Dhabi’s ruling family for the Telegraph newspaper prompted Britain to announce this week that it will ban foreign governments from owning British publications. Yet TikTok is fast becoming more influential.

It is time for governments to apply the same logic to new media as they do to old. If anything, the new platforms require greater vigilance. A newspaper’s editorial line can be seen in black and white; by contrast, every TikTok user gets a different feed, and the company does not provide adequate tools to examine its output in aggregate. Even if studies suggest bias—some allege a skew in TikTok’s Gaza coverage, for instance—it is impossible to know whether TikTok’s algorithm is responding to users’ preferences, or to manipulation from Beijing.

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Posted in * Economics, Politics, --Social Networking, America/U.S.A., Blogging & the Internet, China, Defense, National Security, Military, Economy, Ethics / Moral Theology, Foreign Relations, Politics in General, Science & Technology

(Bloomberg) Professor Ken Rogoff Says Biden, Trump Favor ‘Blowing Up’ US Debt

Harvard University economics professor Kenneth Rogoff said both President Joe Biden and his predecessor and challenger Donald Trump risk sending US debt levels into dangerous territory as Washington fails to grasp that the era of ultra-low interest rates won’t come back.

“Washington in general has a very relaxed attitude towards debt that I think they’re going to be sorry about,” Rogoff said on Bloomberg Television’s Wall Street Week with David Westin. “It’s just not the free lunch that Congress and perhaps the two presidential candidates have gotten used to.”

While an exact “upper limit” for the federal debt cannot be known — it’s estimated by the Congressional Budget Office to climb to 116% of US gross domestic product by 2034 from 99% today — Rogoff warned that there will be challenges as the level increases.

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Posted in Budget, Ethics / Moral Theology, House of Representatives, Office of the President, Politics in General, Senate, The National Deficit, The U.S. Government

(Church Times) People have to borrow to buy basic essentials, long-term study shows

UK households are being driven further into debt by the rising cost of living, a new, decade-long study has shown. An estimated one million people on low incomes are now in arrears after paying for the basic essentials.

The findings are set out in the report Pushed Under, Pushed Out, published by Christians Against Poverty (CAP) on Tuesday. It is based on research carried out by the Centre for Research in Social Policy at Loughborough University, which analysed information on household finances from the Office for National Statistics — more than 35,000 individuals in more than 17,000 households. People were interviewed every two years from 2010 to 2020.

The study tracks levels of debt in this period, analysing how the use of credit to pay for essentials had tipped people below the Minimum Income Standard. This is the widely used benchmark of an acceptable living standard, updated each year.

Read it all (registration or subscription).

Posted in Economy, England / UK, Personal Finance

(Telegraph) Ambrose Evans-Pritchard–Nuclear fusion for the grid is coming much sooner than you think

Commercial nuclear fusion has gone from science fiction to science fact in less than a decade. Even well-informed members of the West’s political class are mostly unaware of the quantum leap in superconductors, lasers, and advanced materials suddenly changing the economics of fusion power.

Britain’s First Light Fusion announced last week that it had broken the world record for pressure at the Sandia National Laboratories in the US, pushing the boundary to 1.85 terapascal, five times the pressure at the core of the Earth.

Days earlier, a clutch of peer-reviewed papers confirmed that Commonwealth Fusion Systems near Boston had broken the world record for a large-scale magnet with a field strength of 20 tesla using the latest high-temperature superconducting technology. This exceeds the threshold necessary for producing net energy, or a “Q factor”, above 1.0.

“Overnight, it basically changed the cost per watt of a fusion reactor by a factor of almost 40,” said Professor Dennis Whyte, plasma doyen at the Massachusetts Institute of Technology (MIT).

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Posted in Energy, Natural Resources, History, Science & Technology

The Annual Threat Assessment of the US Intelligence Community offers a sobering analysis of what likely awaits us

During the next year, the United States faces an increasingly fragile global order strained by accelerating strategic competition among major powers, more intense and unpredictable transnational challenges, and multiple regional conflicts with far-reaching implications. An ambitious but anxious China, a confrontational Russia, some regional powers, such as Iran, and more capable non-state actors are challenging longstanding rules of the international system as well as U.S. primacy within it. Simultaneously, new technologies, fragilities in the public health sector, and environmental changes are more frequent, often have global impact and are harder to forecast…The world that emerges from this tumultuous period will be shaped by whoever offers the most persuasive arguments for how the world should be governed, how societies should be organized, and which systems are most effective at advancing economic growth and providing benefits for more people.

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Posted in America/U.S.A., Foreign Relations, Globalization, Politics in General, Science & Technology, The U.S. Government

(CNN) Russia producing three times more artillery shells than US and Europe for Ukraine

Russia appears on track to produce nearly three times more artillery munitions than the US and Europe, a key advantage ahead of what is expected to be another Russian offensive in Ukraine later this year.

Russia is producing about 250,000 artillery munitions per month, or about 3 million a year, according to NATO intelligence estimates of Russian defense production shared with CNN, as well as sources familiar with Western efforts to arm Ukraine. Collectively, the US and Europe have the capacity to generate only about 1.2 million munitions annually to send to Kyiv, a senior European intelligence official told CNN.

The US military set a goal to produce 100,000 rounds of artillery a month by the end of 2025 — less than half of the Russian monthly output — and even that number is now out of reach with $60 billion in Ukraine funding stalled in Congress, a senior Army official told reporters last week.

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Posted in Foreign Relations, Globalization, Military / Armed Forces, Politics in General, Russia, Science & Technology, Ukraine

(Church Times) New extremism definition could drive communities apart, Archbishops warn Michael Gove

The Government’s new definition of extremism is likely to “vilify the wrong people” by threatening freedom of speech and the right to peaceful protest, the Archbishops of Canterbury and York have warned.

In a joint statement published on Tuesday afternoon, Archbishops Welby and Cottrell said that the plan also “risks disproportionately targeting Muslim communities, who are already experiencing rising levels of hate and abuse”.

Their statement pre-empts an announcement, expected on Thursday, in which the Communities Secretary, Michael Gove, plans to broaden the official definition of extremism to include individuals and groups who “undermine the UK’s system of liberal democracy” — and ban them from public life.

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Posted in --Justin Welby, Archbishop of Canterbury, Archbishop of York Stephen Cottrell, Church of England, England / UK, Ethics / Moral Theology, Language, Politics in General, Religion & Culture, Terrorism

(Bloomberg) Americans’ Financial Insecurity Is at a Record, Survey Says

Feelings of financial insecurity among Americans have reached their highest point in at least a decade.

A third of American adults in Northwestern Mutual’s 2024 Planning & Progress survey said they don’t feel financially secure. That’s up from 27% in 2023 and the highest measure going back to 2012.

“Despite the growing economy, Americans have had to endure one financial disruption after another over the last several years, and it’s hard to feel positive when you don’t know what’s around the corner,” said Christian Mitchell, the company’s chief customer officer, in a press release.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, America/U.S.A., Personal Finance

(CBS) Mass kidnappings from Nigeria schools show “the state does not have control,” one expert says

“In the past 10 years we have seen more than 17 mass kidnappings. It’s a bad record for any country and government, a total breakdown of the social contract,” regional security expert David Otto told CBS News over the weekend about the situation in Nigeria. “Most of the victims are women in these attacks, and when you attack women you have attacked society. The attacks of the last week — when 200-plus people are just taken — show after two decades of fighting insurgency, the government is still unable to protect society from terrorist groups.”

Otto spoke as the parents of more than 280 children voiced their anger over a mass abduction in Nigeria’s northern Kaduna state. The students, boys and girls between the ages of 8 and 15, were seized by armed men from the elementary and secondary schools in the town of Kuriga on Thursday.

The parents told local media outlets that bandits, as kidnap gangs in the region are commonly called, had taken their children and they implored Nigeria’s government to pay any ransom being demanded to secure their safe return.

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Posted in Law & Legal Issues, Nigeria, Police/Fire, Politics in General, Terrorism

(Washington Post) Amid explosive demand, America is running out of power

Vast swaths of the United States are at risk of running short of power as electricity-hungry data centers and clean-technology factories proliferate around the country, leaving utilities and regulators grasping for credible plans to expand the nation’s creaking power grid.

In Georgia, demand for industrial power is surging to record highs, with the projection of new electricity use for the next decade now 17 times what it was only recently. Arizona Public Service, the largest utility in that state, is also struggling to keep up, projecting it will be out of transmission capacity before the end of the decade absent major upgrades.

Northern Virginia needs the equivalent of several large nuclear power plants to serve all the new data centers planned and under construction. Texas, where electricity shortages are already routine on hot summer days, faces the same dilemma.

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Posted in * Economics, Politics, America/U.S.A., Economy, Energy, Natural Resources, Science & Technology

(Church Times) In face of opposition, Dean of Ripon seeks views on proposed cathedral annexe

The Dean of Ripon, the Very Revd John Dobson, is urging people in the diocese of Leeds to respond to an extended consultation on plans to build an annexe to the cathedral, which is said to be “bursting at the seams”…

Building plans for the renovation — Ripon Cathedral Renewed — have already been approved by Historic England and all the cathedral’s regulators, including the Fabric Advisory Commission. But about 2000 people have signed a petition opposing the annexe.

Ripon Cathedral was the first minster church since the Reformation to be given cathedral status, in 1836. Unlike those that came later, it was never adapted or extended in any way; consequently, it has no lavatories — the cathedral pays the council to keep open the public lavatories across the road in Minster Gardens — no safe space for choristers to change and rehearse, no refectory, no communal meeting space, and no storage space.

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Posted in Church of England (CoE), Housing/Real Estate Market, Parish Ministry, Urban/City Life and Issues

(NYT) New Data Details the Risk of Sea-Level Rise for U.S. Coastal Cities

A new study of sea-level rise using detailed data on changes to land elevation found that current scientific models may not accurately capture vulnerabilities in 32 coastal cities in the United States.

The analysis, published Wednesday in Nature, uses satellite imagery to detect sinking and rising land to help paint a more precise picture of exposure to flooding both today and in the future.

Nearly 40 percent of Americans live along the coasts, where subsidence, or sinking land, can add significantly to the threat of sea-level rise. While the Gulf Coast experiences many of the most severe cases of subsidence — parts of Galveston, Texas, and Grand Isle, La., are slumping into the ocean faster than global average sea levels are rising — the trend can be found all along the United States shoreline.

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Posted in America/U.S.A., Climate Change, Weather, Ecology, Energy, Natural Resources, Urban/City Life and Issues