In his first six months in office last summer, the mayor of Denver, Mike Johnston, managed to get more than 1,200 homeless people off the streets and into housing. That seemed like a fitting feat for a city that prides itself on its compassion.

It would turn out to be a footnote compared with the humanitarian crisis that Denver would soon face as thousands of migrants flooded the city, many of them bused from the southern border by Gov. Greg Abbott of Texas and almost all of them in need of shelter and support.

By last month, Denver, a city of 750,000, had received nearly 40,000 migrants, the most per capita of any city in the nation, even as the flow of migrants slowed in the deep chill of winter. And the city has begun to feel the same sort of strains that have confronted New York and Chicago as they contended with their own migrant influxes.

Read it all.

This is such an astonishing figure: Denver, a city of 750,000 people, has received *40,000* migrants.

In roughly proportionate terms, that's as if Philly received 80,000 or Chicago received 140,000 or LA received 200,000 or NY received half a million.https://t.co/wL7N6LgJw1

— Alec MacGillis (@AlecMacGillis) February 13, 2024

Hardship and poverty are often associated more with urban than with rural areas. Rural hardship in the north Cotswolds, for example, is often hidden, because of inequalities and the relative affluence experienced by the majority, and the high levels of tourism in the area.

This is a problem, because the significant minority who experience hardship are more hidden. This means that rural hardship is often not adequately addressed by local and national policy-makers and community leaders.

This is the focus of the exhibition “Hidden Hardship”, which Coventry Cathedral is hosting until 26 February, and which is part of my new participatory research project at Coventry University. This has sought to understand hardship in the north Cotswolds better.

The exhibition consists of illustrations by the artist Beth Waters, based on the research participants’ interviews and diaries of their experiences of hardship and/or responding to hardship. It focuses on people’s experiences of rural hardship, their coping strategies, and the barriers to their improved well-being.

Read it all (registration or subscription).

Hardship is a rural problem, too

In areas that appear more affluent, poverty is often hidden, writes @SJ_Denninghttps://t.co/8T0KmRxzFZ

— Church Times (@ChurchTimes) February 9, 2024

In a cavernous production hall in Düsseldorf last fall, the somber tones of a horn player accompanied the final act of a century-old factory.

Amid the flickering of flares and torches, many of the 1,600 people losing their jobs stood stone-faced as the glowing metal of the plant’s last product — a steel pipe — was smoothed to a perfect cylinder on a rolling mill. The ceremony ended a 124-year run that began in the heyday of German industrialization and weathered two world wars, but couldn’t survive the aftermath of the energy crisis.

There have been numerous iterations of such finales over the past year, underscoring the painful reality facing Germany: its days as an industrial superpower may be coming to an end. Manufacturing output in Europe’s biggest economy has been trending downward since 2017, and the decline is accelerating as competitiveness erodes.

“There’s not a lot of hope, if I’m honest,” said Stefan Klebert, chief executive officer of GEA Group AG — a supplier of manufacturing machinery that traces its roots to the late 1800s. “I am really uncertain that we can halt this trend. Many things would have to change very quickly.”

Read it all.

🇩🇪 #Germany’s Days as an Industrial Superpower Are Coming to an End – Bloomberghttps://t.co/F0E4eUlAXA pic.twitter.com/DCJWqTqSPI

— Christophe Barraud🛢🐳 (@C_Barraud) February 10, 2024

Nextgov/FCW: Talk about how you prepared for the water-systems security hearing today and any major takeaways from it. 

Clancy: We met with the majority and minority staff ahead of the hearing to get a sense of their objectives. Of course, MITRE has a diverse set of sponsors in these areas, so we engaged with them to make sure we were representing a whole-of-government view across the sectors.

My big message is what I said in my opening statement. A lot of these policy fixes on the fringes are not going to deal with the scale of the threat that we face. So if you want to continue to fight against harassment campaigns from nation states…the sorts of solutions people were talking about are probably okay, but I think the big point I want to get across that didn’t get enough air time is that the threat has really changed.

We’ve got maybe three years to figure this out before China does an all-out attack against our critical infrastructure. We’re going to have to train and prepare to disconnect our operational technology systems from our information technology systems ahead of a major attack from China.

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Expect China to attack US infrastructure within 3 years, MITRE CTO says https://t.co/zWHBOAn8uH

— Defense One (@DefenseOne) February 11, 2024

Some Democrats inside and outside of Biden’s bubble were privately anxious about what’s next for the campaign. The report came during a week when Biden made a number of high-profile flubs, confusing current and past world leaders. He didn’t help matters when he referred to the Egyptian president as the president of Mexico in his remarks on the counsel’s report Thursday night, and his decision to forego a high-profile interview ahead of Sunday’s Super Bowl has also drawn scrutiny.

“Anytime his age and capacity is front and center is bad for his re-election prospects. That said, it does provide an opportunity to more forcefully deal with this issue which they have to do,” said Brian Goldsmith, a Biden donor and a Democratic consultant based in Los Angeles. “The right response is that Biden is a better president because of his age and wisdom and experience, not despite his age and wisdom and experience.”

“They need to find a way to jujitsu this and turn it from a negative into a positive because it is not going away,” Goldsmith said. He added: “Avoiding the Super Bowl interview is a mistake.”

Read it all.

Democrats’ anxiety over Biden’s age spilled out into the public this week after a special counsel report
https://t.co/g8V3TcFRAG via @WSJ

— Dan Whitcomb (@DanWhitcomb) February 9, 2024

I will take comments on this submitted by email only to KSHarmon[at]mindspring[dot]com.

Spending on safety net programs such as Social Security and Medicare continues to grow even as their trust funds face the prospect of being depleted in the next 10 years.

“Also boosting deficits are two underlying trends: the aging of the population and growth in federal health care costs per beneficiary,” Mr. Swagel said. “Those trends put upward pressure on mandatory spending.”

The national debt is likely to be even larger than the budget office is predicting, as its forecast assumes that the 2017 tax cuts that Republicans enacted will fully expire even though lawmakers are already considering extending many of the measures, including lower individual income tax brackets.

For the second time in less than a year, the budget office said it now expected Mr. Biden’s efforts to wean the nation from fossil fuels to be more popular with the public — and more expensive for taxpayers — than initially estimated.

Read it all.

New: U.S. Debt on Pace to Top $54 Trillion Over Next 10 Years w/ @jimtankersley https://t.co/VZ9wDWn5l2

— Alan Rappeport (@arappeport) February 7, 2024

A 7% increase in the National Minimum Stipend (NMS), set to come into effect in April, has been welcomed by the trade union Unite.

The increase, agreed by the Archbishops’ Council, acting as the Central Stipends Authority (CSA), will see the minimum stipend jump from £26,134 to £28,670.

Last July, the CSA announced a five-per-cent increase for 2024. The greater uplift to seven per cent has been made possible because dioceses, which will have to fund the stipends, need pay less into the Church of England pensions scheme. In December, the Pensions Board announced a drop in the contribution rate by three percentage points from April this year: to 25 per cent of the previous year’s National Minimum Stipend.

Read it all.

A seven-per-cent increase in the National Minimum Stipend (NMS), set to come into effect in April, has been welcomed by the trade union Unite https://t.co/jroZM9yEUY

— Church Times (@ChurchTimes) February 7, 2024

There’s a striking disconnect between the widely shared pessimism among Americans and measures that show the economy is actually robust. Consumers are spending briskly—behavior that suggests optimism, not retrenchment. Inflation has tempered. Unemployment has been below 4% for 24 straight months, the longest such stretch since the 1960s.

The disconnect has puzzled economists, investors and business owners. But press Americans harder, and the immediate economy emerges as only one factor in the gloomy outlook. Americans feel sour about the economy, many say, because their long-term financial security feels fragile and vulnerable to wide-ranging social and political threats.

Reliable steps up the economic ladder, such as a college degree, no longer look like a good investment. War overseas, and an emboldened set of hostile nations, have made the world feel dangerous. Uninspiring leaders at home, running a government widely seen as dysfunctional, have left people without hope that America is up to the challenge of fixing its problems.

The broad reasons for America’s dim outlook suggest that even further improvement in the economy might not be enough to lift the nation’s mood. In an election year, that is shaping up as one of President Biden’s biggest impediments to winning a second term. He has received little credit so far for an economy that has foiled predictions of a recession and instead grew 3.1% in the past year, far ahead of the pace in 2022.

Read it all.

Inside the disconnect between gloomy Americans and a robust economy. “There’s a sense it could all go away in a second.” https://t.co/SUUx0JqudF https://t.co/SUUx0JqudF

— The Wall Street Journal (@WSJ) February 7, 2024

The NTSB said the door plug was opened at Boeing’s Renton factory so a team from supplier Spirit AeroSystems of Wichita, Kan., could repair damaged rivets adjacent to the door plug on the 737 MAX 9 jet.

The fix required removal of insulation and interior panels at that location and the opening of the door plug. After the rivets were repaired, a Boeing team worked to restore the interior.

Federal regulations require that every manufacturing job that goes into assembly of an airplane be documented. And critical tasks have to be signed off by quality inspectors.

A month after the blowout, though, Boeing has not provided the NTSB with documentation about who opened and re-closed the door plug, how exactly it was done and with what authorization.

Read it all (my emphasis).

A Boeing 737 MAX 9 was missing key bolts when it was delivered to Alaska Airlines, the National Transportation Safety Board says in a preliminary report on Flight 1282's blowout over Portland. https://t.co/1ygq2zDdmg

— The Seattle Times (@seattletimes) February 7, 2024

Most emerging economies struggle to live within their means; China struggles to live up to them. Even in the best of times, the combined spending of its households, firms and government is not enough to buy all that it can produce, leaving a surplus that must be exported: the country has run a trade surplus for 34 of the past 40 years. And these are not the best of times. China is enduring its longest spell of deflation since the Asian crisis over a quarter-century ago. An epic stock market rout since late 2022 has seen investors lose $2 trillion.

Behind that panic lies a deeper fear among investors and officials, namely that China no longer has a reliable driver of growth. The property boom is over. Cash-strapped developers are afraid to build flats and households are afraid to buy them. The infrastructure mania has run out of road: indebted local governments lack the funds. Exporting goods to the rest of the world, which China relied on for decades to escape poverty, is getting harder as protectionism rises and Western countries become wary of relying on authoritarian states.

Much therefore rests on one remaining source of growth: boosting the spending of China’s 1.4 billion people.“The Chinese market, with its vast space and growing depth, will play an important role in boosting aggregate global demand,” Li Qiang, China’s prime minister, told the World Economic Forum in Davos last month. A new imf review of China’s prospects published on February 2nd contains 61 references to the word “consumption”.

Read it all.

As China’s markets crash, its consumers cower https://t.co/ue3QhEh3pS | $AMD $MSFT $T $QQQ $SPX $SPY $ING $GLE $NFLX $DB $BABA $RIVN $NIO $AMD $PACW $PENN $LCID #AEX $NCLH $QQQ $SAVE $SOFI $MARA $AAL $NVO $DIS $AMZN $JPM $CCL $TSLA #CAC #DAX $AMZN $AMC $SPY $AAPL $META $TEAM $X…

— 🇫🇷 🇪🇺 🇩🇪 European Investors News 💯🇩🇪 🇨🇰 (@EuropeanTraders) February 7, 2024

Christians have a duty “to follow the example of Jesus, who, throughout the Bible, focuses his love and care on the most vulnerable and marginalised people in society”, the Bishop of Chelmsford, Dr Guli Francis-Dehqani, has said.

She was writing in The Daily Telegraph on Monday in response to comments from senior political figures — including two former Home Secretaries, Suella Braverman and Dame Priti Patel — who have questioned the involvement of churches and members of the clergy in the asylum process.

The subject came to the fore after it was reported that the suspect in last week’s alkali attack in Clapham, south-west London, submitted that he had converted to Christianity before his asylum claim was approved (News, 2 February). The suspect, Abdul Shokoor Ezedi, is an Afghan national who is believed to have arrived illegally in the UK in 2016 and to have received support from church communities for his application to settle in the country.

Read it all (registration or subscription).

Bishop challenges former Home Secretaries’ talk of churches’ ‘facilitating’ bogus asylum claims https://t.co/TMxbAqT8IE

— Simon Sarmiento (@simonsarmiento) February 6, 2024

Russia’s electoral authority has moved to ban the only anti-war candidate, who has garnered more support than anticipated, from running against Vladimir Putin in presidential elections in March.

The Central Election Commission found a 15 per cent error rate in the signatures collected by the campaign of Boris Nadezhdin, he wrote on Telegram on Monday. This exceeds the five per cent threshold that is allowed under electoral rules for a candidate to be registered.

While a final decision about his candidacy is due on Wednesday, the error rate and a smear campaign in state-controlled media highlighted the Kremlin’s concern about the unexpected show of support for the 60-year-old pacifist.

Read it all.

Russia moves to ban presidential candidate from running against Vladimir Putin https://t.co/zoM3SkWxPm

— Dan Azzi (@dan_azzi) February 6, 2024

First popularised by a 2017 article in Cosmopolitan magazine, it describes a casual romance between two people that has some of the hallmarks of a formal relationship but without the commitment.

Dating experts say situationships are the natural result of apps such as Tinder, which make it easier for those seeking convenience rather than commitment. And big brands are attempting to capitalise on the trend.

Ahead of February 14, the US makers of Sweethearts — a treat similar to the Love Hearts sold in the UK — released “Situationships” boxes with the usual loved-up messages such as “true love” and “only you” printed in a blurry font.

The Spangler Candy Company said it wanted to “speak to all the people out there in hard-to-read relationships”, and judging by the sales there are plenty of customers. A limited first run of the sweets went on sale last month and was snapped up in four minutes, while another batch made available on Thursday also quickly sold out.

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'“The ambiguous territory that lies between friendship and a committed relationship offers a preferable alternative to the stark solitude of being entirely single and alone.”

Chan said this apprehension has led to the creation of new terms such as “hesidating” and “Foda” (fear…

— Kendall Harmon (@KendallHarmon6) February 5, 2024

What the families want is atonement. When something goes wrong, there is a need, buried deep within the human psyche, or even deep within the structure of the universe, for atonement — for someone to pay a price for what has happened.

And this is what the families need: some kind of atonement for what has been done wrong. They long for some sign of remorse, repentance even, on behalf of those who bear responsibility. Yet it does not come. The serried ranks of smart suits remain silent — maybe understandably so in this setting, but, without that sign, the pain continues.

There is deep anger about the fire brigade’s advice — families were told to stay in their flats until the firefighters put out the fire — without which, it seems, many of those who died would still be alive today. There is equally deep anger about the cladding draped around the building a few years before, which was dangerously flammable. It was the combination of these two factors which led to the deaths of their loved ones.

Read it all.

Who will atone for the wrongs of Grenfell?

More than six years since the tragedy, no one has yet admitted responsibility, writes @gtomlinhttps://t.co/1V4lJDUI46

— Church Times (@ChurchTimes) February 2, 2024

The global footprint of criminal groups from China¹ has expanded along with China’s economic and geopolitical presence around the world. North America’s fentanyl crisis thrust China-linked criminal networks and their expanding international connections, such as with the Sinaloa Cartel, to U.S. policy forefront.

However, the scope of organized crime from China extends far beyond global drug trafficking and money laundering. Internationally, Chinese criminal groups engage in poaching and wildlife trafficking, cybercrime, and elaborate fraud and scams, also featuring people trafficking and enslavement. Long experienced in illegally bringing people to the United States and Canada, criminal networks from China have intensified activities at the U.S.-Mexico border.

Chinese fishing vessels, often illegally devastating protected marine areas and other countries’ exclusive economic zones, can facilitate drug trafficking and serve as the Chinese government’s maritime militia proxies in extraterritorial claims and military confrontations. They can also augment Chinese espionage around the world.

Read it all.

China-linked criminal networks in 2024 are likely to expand their geographic reach and deep role in various illegal economies.

Read more from @VFelbabBrown @Diana_Paz99 & Vibha Bajji:https://t.co/dNlE3qnpUg

— Brookings Foreign Policy (@BrookingsFP) February 2, 2024

For Belinda Mosby, the nightmares started in March.

Mosby had been working at Carelon Behavioral Health, one of the new 988 Suicide and Crisis Lifeline hotline centers in New Hampshire, for two months. When Mosby started the job in January 2023, she said she was enthusiastic. After 25 years working in the mental health industry as a prison behavioral health specialist, substance abuse counselor and mobile crisis responder, she knew how dire the crisis was. She also said she knew she could help.

“I’m 25 years of preparing for this,” Mosby told ABC News of her thinking at the time.

But quickly, she said she felt overwhelmed. Callers were in such severe distress, she told ABC News. Call after call, Mosby said she began to feel a discomfort set in that she couldn’t shake.

Read it all.

As 988 centers struggle to hire, burnout plagues some crisis staff.

Data obtained by @ABC News found that, in some states such as Oklahoma and Colorado, more than one-third of employees left within months of taking their first call. https://t.co/9wAjHSUZxB

— ABC News (@ABC) February 1, 2024

Black Swan author Nassim Nicholas Taleb said the US deficit is swelling to a point that it would take a miracle to reverse the damage.

“So long as you have Congress keep extending the debt limit and doing deals because they’re afraid of the consequences of doing the right thing, that’s the political structure of the political system, eventually you’re going to have a debt spiral,” he said Monday night at an event for Universa Investments, the hedge fund firm he advises. “And a debt spiral is like a death spiral.”

Taleb defined the ballooning debt load as a “white swan,” a risk that’s more probable than a surprise “black swan” event. While he didn’t identify specific outcomes in markets, he did say white swans include both the US deficit and an economy that’s far more vulnerable to shocks than in prior years.

The reason for that, he said, is that the world is far more interconnected due to globalization, with issues in one region able to ricochet around the world.

Read it all.

Black Swan author Nassim Nicholas Taleb says as long as you have a government continually extending the debt limit and doing deals because they're afraid of the consequences of doing the right thing, then eventually you're going to have a debt spiral. https://t.co/pQFrtVNqus

— Ben Woodward, CFA (@BennettWoodman) January 31, 2024

Less than a third of Americans say they would be willing to vote for someone nominated by their party who is over the age of 80 or has been charged with a felony or convicted of a felony by a jury. Somewhat more, but still less than half of Americans, say they would consider backing someone nominated by their party who is a socialist….

Should Biden and Trump emerge as their parties’ presidential nominees this year (as they are on track to do, by virtue of their dominance in their respective primary fields), voters would face a choice between two of the most objectionable characteristics to Americans of those measured — someone who has been charged with a felony (Trump) and someone who is older than 80 (Biden).

An analysis of the responses of those answering both of these questions suggests that a slight majority of Americans (52%) would be unperturbed by the choice between Biden and Trump. These individuals indicate they would be comfortable voting for either someone who is over 80 (23%) or who has been charged with a felony (21%), or would feel comfortable with both types of candidates (8%).

On the other hand, 43% of respondents asked about voting for someone over 80 and someone charged with a felony say they would not vote for either type of candidate, while the remaining 5% are unsure about both.

Read it all.

Americans express broad willingness to vote for candidates from several gender, racial and religious backgrounds that largely haven’t been represented in the White House.https://t.co/W6JC0DaFFo

— GallupNews (@GallupNews) January 27, 2024

I will take comments on this submitted by email only to KSHarmon[at]mindspring[dot]com.

It looked like a military campaign. The farmers called it “Operation Paris Siege,” while the French interior minister ordered an “important defensive system” to protect the capital and its airports.

On Monday, angry agriculturalists and their allies deployed their tractors in an attempt to surround Paris, choking major roadways and disrupting not only traffic and trade, but also politics and normal life.

Farmers are emerging as the protest movement of the moment. In multiple countries across Europe, they have been driving their combines and harvesters into the streets to oppose cuts to subsidies and new regulations, some of them designed to reduce climate-changing emissions.

France, of course, is deeply familiar with protests. But as Paris prepares to host the Olympics this summer, and as the country’s ruling political centrists gird for a challenge from the far right in European Parliament elections, the farmer protests have the potential to be particularly destabilizing.

Read it all.

French farmers deployed their tractors to choke major highways, disrupting not only trade and traffic, but also politics and normal life, to protest subsidy cuts and new regulations. https://t.co/I0TVeKa6aq

— The Washington Post (@washingtonpost) January 30, 2024

Later on Sunday, Turkey’s interior minister, Ali Yerlikaya, wrote on social media that the two murder suspects had been captured.

The Islamic State group claimed responsibility for the attack in a statement on Telegram, “saying it was in response to a call by the group’s leaders to target Jews and Christians”, Reuters reports.

On Monday, the Anglican Chaplain in Istanbul, Canon Ian Sherwood, praised the response of the authorities.

“Christians in Istanbul enjoy a perfectly peaceable life with their Turkish friends and neighbours of other spiritual persuasions,” he said. “There is great sorrow on hearing the news of the murder at a celebration of the mass at the very moment that we, too, were celebrating the eucharist in our own church.

“The English Chaplaincy was impressed and grateful to see how quickly the Turkish authorities acted. As far as I know, within less than one hour, every open church in the city had a police presence assigned to it for protection and security.”

Read it all.

“We ask for greater security and for the safety of the faithful, of the Christian community, which perseveres in the faith and courageously face very long journeys at times to attend the eucharistic celebration.”https://t.co/SwOv4RI130

— Church Times (@ChurchTimes) January 29, 2024

The post-Cold War era began, in the early 1990s, with soaring visions of global peace. It is ending, three decades later, with surging risks of global war. Today, Europe is experiencing its most devastating military conflict in generations. A brutal fight between Israel and Hamas is sowing violence and instability across the Middle East. East Asia, fortunately, is not at war. But it isn’t exactly peaceful, either, as China coerces its neighbors and amasses military power at a historic rate. If many Americans don’t realize how close the world is to being ravaged by fierce, interlocking conflicts, perhaps that’s because they’ve forgotten how the last global war came about.

When Americans think of global war, they typically think of World War II—or the part of the war that began with Japan’s strike on Pearl Harbor in December 1941. After that attack, and Adolf Hitler’s subsequent declaration of war against the United States, the conflict was a single, all-encompassing struggle between rival alliances on a global battlefield. But World War II began as a trio of loosely connected contests for primacy in key regions stretching from Europe to the Asia-Pacific—contests that eventually climaxed and coalesced in globally consuming ways. The history of this period reveals the darker aspects of strategic interdependence in a war-torn world. It also illustrates uncomfortable parallels to the situation Washington currently confronts.

The United States isn’t facing a formalized alliance of adversaries, as it once did during World War II. It probably won’t see a replay of a scenario in which autocratic powers conquer giant swaths of Eurasia and its littoral regions. Yet with wars in eastern Europe and the Middle East already raging, and ties between revisionist states becoming more pronounced, all it would take is a clash in the contested western Pacific to bring about another awful scenario—one in which intense, interrelated regional struggles overwhelm the international system and create a crisis of global security unlike anything since 1945. A world at risk could become a world at war. And the United States isn’t remotely ready for the challenge.

Read it all.

“If many Americans don’t realize how close the world is to being ravaged by fierce, interlocking conflicts, perhaps that’s because they’ve forgotten how the last global war came about.” https://t.co/pRqf2quAes

— Foreign Affairs (@ForeignAffairs) January 27, 2024

Israel’s conflict with Hamas is set to be a long one—with both sides struggling to accomplish their fundamental aims and no clear path to any kind of enduring peace.

Israel has sworn to destroy Hamas as a significant military and political force. Hamas is committed to the long-term goal of erasing the Israeli state.

Read it all.

Israel’s conflict with Hamas is set to be a long one—with both sides struggling to accomplish their fundamental aims and no clear path to any kind of enduring peace https://t.co/M1gfz7mFDw https://t.co/M1gfz7mFDw

— The Wall Street Journal (@WSJ) January 26, 2024

In a 30-square-mile patch of northern Virginia that’s been dubbed “data center alley,” the boom in artificial intelligence is turbocharging electricity use. Struggling to keep up, the power company that serves the area temporarily paused new data center connections at one point in 2022. Virginia’s environmental regulators considered a plan to allow data centers to run diesel generators during power shortages, but backed off after it drew strong community opposition.

In the Kansas City area, a data center along with a factory for electric-vehicle batteries that are under construction will need so much energy the local provider put off plans to close a coal-fired power plant.

This is how it is in much of the US, where electric utilities and regulators have been caught off guard by the biggest jump in demand in a generation. One of the things they didn’t properly plan for is AI, an immensely power-hungry technology that uses specialized microchips to process mountains of data. Electricity consumption at US data centers alone is poised to triple from 2022 levels, to as much as 390 terawatt hours by the end of the decade, according to Boston Consulting Group. That’s equal to about 7.5% of the nation’s projected electricity demand. “We do need way more energy in the world than we thought we needed before,” Sam Altman, chief executive officer of OpenAI, whose ChatGPT tool has become a global phenomenon, said at the World Economic Forum in Davos, Switzerland last week. “We still don’t appreciate the energy needs of this technology.”

Read it all.

AI needs so much power that old coal plants are sticking around https://t.co/VBOC34Uz8j

— Businessweek (@BW) January 25, 2024

Sir Stephen has been Labour MP for East Ham in London since 1994, having first come to the area as part of a Christian mission to the East End while a university student…

He is on record as opposing legislation to introduce assisted dying, saying in a Westminster Hall debate in July 2022: “If we were to legalise assisted dying, we would impose an awful moral dilemma on every conscientious frail person nearing the end of their life. . . If ending their life early were legally permissible, many who do not want to end their life would feel under great, probably irresistible, pressure to do so. There is no way to stop that happening.”

On the Labour List site, he writes that “the radical individualism of some Conservatives” can prompt support for the legalisation of assisted suicide, “even at the risk of dire societal outcomes for the vulnerable. But in my view that should not be the position of those of us on the left.”

Read it all.

The Labour MP Sir Stephen Timms @stephenctimms has urged members of his party to give “careful thought” to the issue of assisted dying, arguing against that idea that it might be a party-political matterhttps://t.co/nXXt4xalNi

— Church Times (@ChurchTimes) January 25, 2024

The latest development in the industry is upending this dynamic. Private-markets giants are buying and partnering with insurers on an unprecedented scale. This is transforming their business models, as they expand their lending operations and sometimes their balance-sheets. America’s $1.1trn market for fixed annuities, a type of retirement-savings product offered by life insurers, has been the focus so far. But Morgan Stanley, a bank, reckons that asset managers could eventually pursue insurance assets worth $30trn worldwide. Regulators are nervous that this is making the insurance industry riskier. Is the expansion by private-markets giants a land-grab by fast-and-loose investors in a systemically important corner of finance? Or is it the intended consequence of a more tightly policed banking system?

Apollo, which has a well-deserved reputation for financial acrobatics, is leading the way. In 2009 it invested in Athene, a newly formed reinsurance business based in Bermuda. By 2022, when Apollo merged with Athene, the operation had grown to sell more fixed annuities than any other insurer in America. Today Apollo manages more than $300bn on behalf of its insurance business. During the first three quarters of 2023, the firm’s “spread-related earnings”, the money it earned investing policyholders’ premiums, came to $2.4bn, or nearly two-thirds of total earnings.

Imitation can be a profitable form of flattery. kkr’s tie-up with Global Atlantic, an insurer it finished buying this month, resembles Apollo’s bet. Blackstone, meanwhile, prefers to take minority stakes. It now manages $178bn of insurance assets, collecting handsome fees. Brookfield and Carlyle have backed large Bermuda-based reinsurance outfits. tpg is discussing partnerships. Smaller investment firms are also involved. All told, life insurers owned by investment firms have amassed assets of nearly $800bn. And the traffic has not been entirely one-way. In November Manulife, a Canadian insurer, announced a deal to buy cqs, a private-credit investor.

Read it all.

Wall Street titans are betting big on insurers. What could go wrong? https://t.co/GeGZs4ULQN

— Tim McBride (@mcbridetd on Bluesky) (@mcbridetd) January 24, 2024

ST. GEORGE —The tiny town in northwest Dorchester County might be getting some new next-door neighbors, and more, in one residential influx than it has ever seen before.

If approved by the county, a “cluster” housing development proposed by the D.R. Horton, a national builder, would bring more than 330 new homes and a new zoning designation for roughly 300 rural acres near the “Town of Friendly People.”

While the development would land on Sugar Hill Road outside town limits, St. George would provide water to the development while Dorchester County Water and Sewer would provide sewer services, said Kiera Reinertsen, the county’s planning director. The development would also add an estimated 100 students to Dorchester School District Four and draw on services and amenities from St. George’s Fire Station Nine, Davis-Bailey Park and the town’s library.

“We’ve never had this many houses come in at one time since I’ve been here,” said Mayor Kevin Hart, who has lived in the town for 35 years.

Read it all from the local paper.

With housing demands on a sharp rise in Charleston's tri-county area, the small town of St. George in Dorchester County may see a "cluster" housing project just outside its town limitshttps://t.co/KG8oJtnpVQ

— The Post and Courier (@postandcourier) January 24, 2024

Americans’ ratings of nearly all 23 professions measured in Gallup’s 2023 Honesty and Ethics poll are lower than they have been in recent years. Only one profession — labor union leaders — has not declined since 2019, yet a relatively low 25% rate their honesty and ethics as “very high” or “high.”

Nurses remain the most trusted profession, with 78% of U.S. adults currently believing nurses have high honesty and ethical standards. However, that is down seven percentage points from 2019 and 11 points from its peak in 2020.

At the other end of the spectrum, members of Congress, senators, car salespeople and advertising practitioners are viewed as the least ethical, with ratings in the single digits that have worsened or remained flat.

Read it all.

Ethics Ratings of Nearly All Professions Down in U.S.: Nurses remain the most trusted profession.
(Megan Brenan & Jeffrey M. Jones, Gallup)
More, via Opinion Today:https://t.co/wHYJF1nkIV pic.twitter.com/ruCnvYuBTR

— Opinion Today (@OpinionToday) January 22, 2024

Americans are rapidly becoming much more upbeat about the economy.

Consumer sentiment surged 29% since November, the biggest two-month increase since 1991, the University of Michigan said Friday, adding to gauges showing improving moods.

It’s a sharp turn after persistently high inflation, the lingering shock from the pandemic’s destruction and fears that a recession was around the corner had put a damper on feelings about the economy in recent years, despite solid growth and consistent hiring.

Now Americans are bucking up as inflation cools and the Federal Reserve signals that interest-rate increases are likely behind us. And with the solid labor market putting money in the bank accounts of freely spending consumers, recession fears for 2024 are fading.

Read it all.

"Consumer sentiment surged 29% since November, the biggest two-month increase since 1991, the University of Michigan said Friday, adding to gauges showing improving moods."@WSJ @carlquintanilla @HammerstoneMar3 https://t.co/UG9P68j1NK

— Nicholas Brown (@News_By_Nick) January 19, 2024

Disestablishment has a long intellectual history, dating back at least to the early 19th century; Jeremy Bentham put forward a coruscating manifesto in 1817. But it has never come to pass, partly because of the Church’s by-its-fingernails resilience and partly because of the removal of legal disabilities (restrictions in laymen’s terms) on dissenters.

If the Prince of Wales were to desacralise his coronation, do away with the coronation oath by which he would swear to “Maintaine the Laws of God the true Profession of the Gospell and the Protestant Reformed Religion Established by Law” and seek to set aside the title of “Supreme Governor”, he would achieve more than any radical has for two centuries.

The Church of England, like many established sects, is waning. Its own statistics reveal that in 2022 the “worshipping community” was less than one million, with weekly attendance at 654,000.

Although it has an endowment of £8.7bn, its liabilities are vast. Its established status, the very wellspring of its existence in the 16th century, is central to its identity and stature. Absent that, its future would surely look bleaker still.

Read it all.

Snippets from @hardmanr’s new book suggest the Prince of Wales wants to dilute his ties to the @churchofengland as king. In @theipaper, I warn that it could lead to disestablishment: pro or anti, it shouldn’t result from carelessness. #PrinceWilliamhttps://t.co/16EOTSzHfK

— Eliot Wilson (@EliotWilson2) January 18, 2024

In an expansion of hostilities rippling out from the Israel-Hamas war, Pakistan said on Thursday that it had carried out strikes inside Iran, a day after Iranian forces attacked what they said were militant camps in Pakistan.

The Pakistani Foreign Affairs Ministry said that the country’s forces had conducted “precision military strikes” against what it called terrorist hide-outs in southeastern Iran. The Iranian state-owned television network Press TV said that seven foreigners were killed in the strike.

A senior Pakistani security official, speaking on the condition of anonymity, said Pakistan had struck at least seven locations used by separatists from the Baluch ethnic group about 30 miles inside the border. The official said that air force fighter jets and drones were used in the Pakistani retaliatory strikes.

Read it all.

Aha – Pakistan und Iran sagen, sie beschießen belutschische Separatisten in jeweils dem anderen Staatsgebiet.

Das scheint das Muster zu sein: Wir greifen nicht dich an, sondern Terroristen auf deinem Staatsgebiet. https://t.co/YFcMWEmeqY

— Marcus Ewald (@maewald) January 18, 2024