Category : * Economics, Politics

(NYT) In about 10 months, Pentagon Opens a new Ammunition Factory in Texas to Keep Arms Flowing to Ukraine

To keep Ukraine’s artillery crews supplied, the Pentagon set a production target last year of 100,000 shells per month by the end of 2025. Factories in Scranton and Wilkes-Barre, Pa., together make about 36,000 shells per month. The new General Dynamics facility in Mesquite, Texas, will make 30,000 each month once it reaches its full capacity.

The 100,000-per-month goal represents a nearly tenfold increase in production from a few years ago.

An Ohio-based defense firm called IMT is expected to make up the difference.

Less than a year ago, the surrounding area here in North Texas was just a dirt field. But with millions of dollars from Congress and help from Repkon, the American defense firm General Dynamics was able to open the factory about 10 months after breaking ground.

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Posted in * Economics, Politics, Corporations/Corporate Life, Economy, Military / Armed Forces, The U.S. Government, Ukraine

(Economist) Why paying women to have more babies won’t work

As birth rates plunge, many politicians want to pour money into policies that might lead women to have more babies. Donald Trump has vowed to dish out bonuses if he returns to the White House. In France, where the state already spends 3.5-4% of gdp on family policies each year, Emmanuel Macron wants to “demographically rearm” his country. South Korea is contemplating handouts worth a staggering $70,000 for each baby. Yet all these attempts are likely to fail, because they are built on a misapprehension.

Governments’ concern is understandable. Fertility rates are falling nearly everywhere and the rich world faces a severe shortage of babies. At prevailing birth rates, the average woman in a high-income country today will have just 1.6 children over her lifetime. Every rich country except Israel has a fertility rate beneath the replacement level of 2.1, at which a population is stable without immigration. The decline over the past decade has been faster than demographers expected.

Doomsayers such as Elon Musk warn that these shifts threaten civilisation itself. That is ridiculous, but they will bring profound social and economic changes. A fertility rate of 1.6 means that, without immigration, each generation will be a quarter smaller than the one before it. In 2000 rich countries had 26 over-65-year-olds for every 100 people aged 25-64. By 2050 that is likely to have doubled. The worst-affected places will see even more dramatic change. In South Korea, where the fertility rate is 0.7, the population is projected to fall by 60% by the end of the century.

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Posted in * Economics, Politics, Anthropology, Children, Economy, Ethics / Moral Theology, Marriage & Family, Personal Finance, Politics in General

(Bloomberg) Sudan’s Army Deepens Ties With Russia, Iran as Civil War Rages

Sudan’s army said it’s poised to get weapons from Russia in return for letting Moscow establish a military fueling station on the Red Sea coast, a blow for the US as its opponents gain influence in the African country torn apart by civil war.

A military delegation will travel to Russia within a few days to conclude the deal, assistant commander-in-chief Yasser Al-Atta told the Gulf-based Al-Hadath TV channel on Saturday. Authorities will get “vital weapons and munitions,” he said, describing the planned Russian outpost as “not exactly a military base.”

Moscow has long coveted a foothold on Sudan’s 530-mile (853 kilometer) coastline, and a final agreement would stoke Western concerns over the country’s growing influence in Africa.

The announcement comes as Sudan’s army strives to regain swathes of territory lost to the Rapid Support Forces militia in a war that erupted in April 2023 and may have killed as many as 150,000 people.

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Posted in Foreign Relations, Iran, Military / Armed Forces, Politics in General, Russia, Sudan

(Washington Post) Mexico City and millions of its residents could run out of water in weeks

Raquel Campos’ water issues started in January, when her condo building’s manager sent residents a message saying that the city hadn’t delivered water to its cistern. Four days later, taps in the upscale residence went dry.

Campos has lived in the wealthy Polanco neighborhood for 18 years and said she has never experienced water issues like this. Her husband paid to shower at a nearby hotel and she called water delivery companies that were overwhelmed with a sudden deluge of requests from the neighborhood. The water in Campos’ building came back within a few days, but with much lower pressure. Water is now delivered about every two weeks. Each unit has paid to cover the cost, increasing their monthly condo expenses by 30 percent.

Water scarcity has long been an issue in Mexico City, with the brunt of the shortages happening in lower-income neighborhoods on the outskirts of the city center. But recently, residents in some of the city’s wealthier neighborhoods have also been running out of water as hot temperatures, low rainfall and poor infrastructure have converged to create a crisis across the sprawling metropolis.

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Posted in Ecology, Energy, Natural Resources, Mexico, Urban/City Life and Issues

(NYT) OpenAI Says It Has Begun Training a New Flagship A.I. Model

OpenAI said on Tuesday that it had begun training a new flagship artificial intelligence model that would succeed the GPT-4 technology that drives its popular online chatbot, ChatGPT.

The San Francisco start-up, which is one of the world’s leading A.I. companies, said in a blog post that it expected the new model to bring “the next level of capabilities” as it strove to build “artificial general intelligence,” or A.G.I., a machine that can do anything the human brain can do. The new model would be an engine for A.I. products including chatbots, digital assistants akin to Apple’s Siri, search engines and image generators.

OpenAI also said it was creating a new Safety and Security Committee to explore how it should handle the risks posed by the new model and future technologies.

“While we are proud to build and release models that are industry-leading on both capabilities and safety, we welcome a robust debate at this important moment,” the company said.

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Posted in Corporations/Corporate Life, Science & Technology

Still More Poetry for Memorial Day–Patterns

I walk down the garden-paths,
And all the daffodils
Are blowing, and the bright blue squills.
I walk down the patterned garden-paths
In my stiff, brocaded gown.
With my powdered hair and jeweled fan,
I too am a rare
Pattern. As I wander down
The garden-paths.
My dress is richly figured,
And the train
Makes a pink and silver stain
On the gravel, and the thrift
Of the borders.
Just a plate of current fashion,
Tripping by in high-heeled, ribboned shoes.
Not a softness anywhere about me,
Only whalebone and brocade.
And I sink on a seat in the shade
Of a lime tree. For my passion
Wars against the stiff brocade.
The daffodils and squills
Flutter in the breeze
As they please.
And I weep;
For the lime-tree is in blossom
And one small flower has dropped upon my bosom.
And the splashing of waterdrops
In the marble fountain
Comes down the garden-paths.
The dripping never stops.
Underneath my stiffened gown
Is the softness of a woman bathing in a marble basin,
A basin in the midst of hedges grown
So thick, she cannot see her lover hiding,
But she guesses he is near,
And the sliding of the water
Seems the stroking of a dear
Hand upon her.
What is Summer in a fine brocaded gown!
I should like to see it lying in a heap upon the ground.
All the pink and silver crumpled up on the ground.

I would be the pink and silver as I ran along the paths,
And he would stumble after,
Bewildered by my laughter.
I should see the sun flashing from his sword-hilt and the buckles on his shoes.
I would choose
To lead him in a maze along the patterned paths,
A bright and laughing maze for my heavy-booted lover.
Till he caught me in the shade,
And the buttons of his waistcoat bruised my body as he clasped me,
Aching, melting, unafraid.
With the shadows of the leaves and the sundrops,
And the plopping of the waterdrops,
All about us in the open afternoon–
I am very like to swoon
With the weight of this brocade,
For the sun sifts through the shade.

Underneath the fallen blossom
In my bosom,
Is a letter I have hid.
It was brought to me this morning by a rider from the Duke.
“Madam, we regret to inform you that Lord Hartwell
Died in action Thursday se’nnight.”
As I read it in the white, morning sunlight,
The letters squirmed like snakes.
“Any answer, Madam,” said my footman.
“No,” I told him.
“See that the messenger takes some refreshment.
No, no answer.”
And I walked into the garden,
Up and down the patterned paths,
In my stiff, correct brocade.
The blue and yellow flowers stood up proudly in the sun,
Each one.
I stood upright too,
Held rigid to the pattern
By the stiffness of my gown.
Up and down I walked,
Up and down.

In a month he would have been my husband.
In a month, here, underneath this lime,
We would have broke the pattern;
He for me, and I for him,
He as Colonel, I as Lady,
On this shady seat.
He had a whim
That sunlight carried blessing.
And I answered, “It shall be as you have said.”
Now he is dead.

In Summer and in Winter I shall walk
Up and down
The patterned garden-paths
In my stiff, brocaded gown.
The squills and daffodils
Will give place to pillared roses, and to asters, and to snow.
I shall go
Up and down
In my gown.
Gorgeously arrayed,
Boned and stayed.
And the softness of my body will be guarded from embrace
By each button, hook, and lace.
For the man who should loose me is dead,
Fighting with the Duke in Flanders,
In a pattern called a war.
Christ! What are patterns for?

–Amy Lowell (1874–1925)

Posted in Death / Burial / Funerals, Defense, National Security, Military, Military / Armed Forces, Poetry & Literature, Uncategorized

More Poetry for Memorial Day: Tomas Tranströmer’s The Half-Finished Heaven

From here:

Despondency breaks off its course.
Anguish breaks off its course.
The vulture breaks off its flight.

The eager light streams out,
even the ghosts take a draught.

And our paintings see daylight,
our red beasts of the ice-age studios.
Everything begins to look around.
We walk in the sun in hundreds.

Each man is a half-open door
leading to a room for everyone.

The endless ground under us.

The water is shining among the trees.

The lake is a window into the earth.

Posted in Death / Burial / Funerals, Defense, National Security, Military, Military / Armed Forces, Poetry & Literature, Uncategorized

More Poetry for Memorial Day–Theodore O’Hara’s “Bivouac of the Dead”

The muffled drum’s sad roll has beat
The soldier’s last tattoo;
No more on life’s parade shall meet
That brave and fallen few.
On Fame’s eternal camping-ground
Their silent tents are spread,
And Glory guards, with solemn round,
The bivouac of the dead.

No rumor of the foe’s advance
Now swells upon the wind;
Nor troubled thought at midnight haunts
Of loved ones left behind;
No vision of the morrow’s strife
The warrior’s dream alarms;
No braying horn nor screaming fife
At dawn shall call to arms.

Their shriveled swords are red with rust,
Their plumed heads are bowed,
Their haughty banner, trailed in dust,
Is now their martial shroud.
And plenteous funeral tears have washed
The red stains from each brow,
And the proud forms, by battle gashed
Are free from anguish now.

Read it all.

Posted in Death / Burial / Funerals, Defense, National Security, Military, History, Military / Armed Forces, Poetry & Literature

In Flanders Fields for Memorial Day

In Flanders Fields the poppies blow
Between the crosses row on row,
That mark our place; and in the sky
The larks, still bravely singing, fly
Scarce heard amid the guns below.

We are the Dead. Short days ago
We lived, felt dawn, saw sunset glow,
Loved and were loved, and now we lie
In Flanders fields.

To you from failing hands we throw
The torch; be yours to hold it high.
If ye break faith with us who die
We shall not sleep, though poppies grow
In Flanders fields.

–Lieutenant Colonel John McCrae, MD (1872-1918)

In thanksgiving for all those who gave their lives for this country in years past, and for those who continue to serve; KSH.

P.S. The circumstances which led to this remarkable poem are well worth remembering:

It is a lasting legacy of the terrible battle in the Ypres salient in the spring of 1915 and to the war in general. McCrea had spent seventeen days treating injured men — Canadians, British, French, and Germans in the Ypres salient. McCrae later wrote: “I wish I could embody on paper some of the varied sensations of that seventeen days… Seventeen days of Hades! At the end of the first day if anyone had told us we had to spend seventeen days there, we would have folded our hands and said it could not have been done.” The next day McCrae witnessed the burial of a good friend, Lieut. Alexis Helmer. Later that day, sitting on the back of an ambulance parked near the field dressing station, McCrea composed the poem. A young NCO, delivering mail, watched him write it. When McCrae finished writing, he took his mail from the soldier and, without saying a word, handed his pad to the Sergeant-major. Cyril Allinson was moved by what he read: “The poem was exactly an exact description of the scene in front of us both. He used the word blow in that line because the poppies actually were being blown that morning by a gentle east wind. It never occurred to me at that time that it would ever be published. It seemed to me just an exact description of the scene.” Colonel McCrae was dissatisfied with the poem, and tossed it away. A fellow officer retrieved it and sent it to newspapers in England. The Spectator, in London, rejected it, but Punch published it on 8 December 1915. For his contributions as a surgeon, the main street in Wimereaux is named “Rue McCrae”.

Posted in Death / Burial / Funerals, Defense, National Security, Military, History, Military / Armed Forces, Poetry & Literature, Uncategorized

(Bloomberg) Fears of Violence, Disruption Ahead of Presidential Election

The November presidential election has filled many Americans with dread, and the prospect of violence, foreign interference and misinformation surrounding the contest is a big reason why.

The latest Bloomberg News/Morning Consult poll found that half of battleground-state voters are worried about violent clashes once the results are in. The shares of Republicans and Democrats who harbor worries about violence are roughly equal, and independents are even more concerned about the election devolving into harmful chaos.

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Posted in America/U.S.A., Office of the President, Politics in General

(WSJ) Burning Skin, Teary Eyes: Ukraine’s Troops Say Russia Is Using a Banned Toxic Gas

Oleksiy Bozhko, a volunteer medic whose team examined the men near the eastern city of Avdiivka, identified the gas as chloropicrin, a banned chemical irritant, based on the men’s symptoms and description of the smell. U.S. and Ukrainian officials, as well as medics, soldiers and international researchers say Russian use of toxic gases on the battlefield is increasing as Moscow ramps up an offensive designed to seize more of Ukraine’s territory than the roughly 20% it already occupies.

“This weapon cripples and kills, it’s indiscriminate,” said Bozhko.

After Ukraine repelled initial Russian attacks in 2022, the war has morphed into a grind where each side is looking for an advantage against hardened defensive lines. Seeing an opportunity in Ukraine’s shortage of weapons and reserve forces, Russia has been pressing forward on several fronts, using guided aerial bombs to smash up Ukrainian positions. Toxic gases can impair Ukrainian troops’ ability to defend entrenched positions, even forcing them to withdraw.

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Posted in Foreign Relations, Military / Armed Forces, Russia, Ukraine, Uncategorized

(Bloomberg) Unlike his reform-era predecessors, Xi Jinping can’t count on rapid gains in prosperity to underpin support for Communist Party rule

China’s economic miracle is ending, leaving President Xi Jinping with a challenge none of his predecessors faced: how to govern after the boom.

For four decades, China’s 1.4 billion population experienced unparalleled gains in income and wealth. But recently the blows have just kept coming. Real estate collapse, trade war with the US, a crackdown on entrepreneurs, and extended Covid lockdowns have stalled the prosperity engine.

Chinese incomes are still rising, but under Xi gains have been the slowest since the late 1980s. The property crisis is hammering household wealth. And the cautious opening-up of China’s society has gone into reverse too. For many people across the country, it feels like a different world.

Take for example Mr. Hu, a factory worker in Shanghai. For almost a decade after moving from his hometown, Hu was upwardly mobile. He earned enough to buy a car, drove passengers at the weekend to top up the family income, and in 2020 bought a big-city apartment. Hu felt good about the future. Now he feels “desperate.”

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Posted in * Economics, Politics, China, Economy, Uncategorized

(WSJ) The U.S. Finally Has a Strategy to Compete With China. Will It Work?

The new tariffs President Biden announced last week aren’t economically significant. Symbolically, they are huge.

The U.S. buys almost no electric vehicles, steel or semiconductors—all targets of the tariffs—from China. But, by adding to, rather than rescinding, tariffs imposed in 2018 by former President Donald Trump, it signals that the decoupling of the Chinese and U.S. economies is becoming irreversible.

More important, the tariffs are the final piece of an economic strategy for competing with China.

This strategy is a three-legged stool. The first consists of subsidies to build a viable technology manufacturing sector, from clean energy to semiconductors. The second is tariffs on Chinese imports that threaten those efforts. The third is restrictions on access to money, technology and know-how that could help China compete. A fourth leg, a unified economic front with allies, remains unrealized.

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Posted in * Economics, Politics, America/U.S.A., China, Economy, Foreign Relations, Politics in General, President Joe Biden

(Bloomberg) Niall Ferguson–Biden Can’t Pay His Way Out of Fighting Cold War II

The problem of being a poor paymaster is equally evident in the case of Ukraine. For reasons that future historians will struggle to understand, the US suspended its aid to Ukraine in late 2023. Europeans did not fill the gap, with the result that Ukraine’s military capacity was diminished and Russia’s hopes of victory revived. According to the latest Ukraine Support Tracker published by the Kiel Institute for the World Economy, between the beginning of the war and this March, the European Union plus its individual members together allocated a total of €89.9 billion in military, humanitarian and financial aid to Ukraine. The US pledged less, €67 billion.

The result is that Kyiv listens much less to Washington than it did in 2022 and 2023 — hence the recent spate of deep drone strikes aimed at Russia’s energy infrastructure, operations that cannot possibly have been approved by Team Biden, which it seems will (to quote John F. Kennedy) “pay any price, bear any burden, meet any hardship … to assure the survival and success of liberty” — except for higher gasoline prices in an election year.

This has been a horrible failure of American policy. Turning off aid to Ukraine has unquestionably encouraged Putin to believe that victory can be achieved in a relatively short time frame. Thanks to Samuel Charap and Sergey Radchenko, we know now that, when their invasion was going badly in early 2022, the Russians were ready to negotiate a peace deal with Ukraine. The compromise would have ruled out North Atlantic Treaty Organization membership for Kyiv but provided it with multilateral security guarantees to protect its neutrality, and paved the way to EU membership.

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Posted in America/U.S.A., Defense, National Security, Military, Ethics / Moral Theology, Foreign Relations, History, Politics in General, Russia, Ukraine

(ISW) The Iran Update after the Death of the Iranian President

Supreme Leader Ali Khamenei wields ultimate decision-making authority in Iran, but Raisi still holds significant power within the regime. Raisi is the deputy chairman of the Assembly of Experts, a regime entity constitutionally responsible for monitoring the supreme leader and selecting his successor.[8] Iranians re-elected Raisi to serve as a representative of South Khorasan Province in the Assembly of Experts during the recent March 2024 Assembly of Experts elections.[9] Raisi also holds numerous ex officio positions. He is a member of the Expediency Discernment Council and the chairman of the Supreme National Security Council, Supreme Cultural Revolution Council, and Supreme Cyber Space Council.

Raisi’s death would have serious implications for supreme leader succession. Raisi is considered one of the top contenders—along with Khamenei’s son, Mojtaba Khamenei—to succeed Khamenei as supreme leader. Khamenei appointed Raisi to the position of judiciary chief in 2019 and endorsed Raisi during the August 2021 presidential elections.[10] The next several days have the potential to reshape the immediate and long-term dynamics of the regime, including supreme leader succession. Raisi’s death would ultimately not change the regime’s current trajectory toward more hardline and conservative domestic policies and more aggressive regional policies, however.

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Posted in Foreign Relations, History, Iran, Middle East, Military / Armed Forces, Politics in General

(WSJ) Surging Hospital Prices Are Helping Keep Inflation High

One reason U.S. inflation is still high: Increases in prices for procedures to prop open clogged arteries, provide intensive care for newborns and biopsy breasts.

Hospitals didn’t raise prices as early in the pandemic as supermarkets, retailers and restaurants. But they have been making up ground since then. Their increases have contributed to stubbornly high inflation readings from the consumer-price index, which in April increased 3.4% from a year ago.

Hospital prices specifically jumped 7.7% last month from a year ago, the highest increase in any month since October 2010, the Labor Department said Wednesday.

Among the procedures with hefty recent price increases are angioplasties placing stents in arteries to improve blood flow, which grew $670, or 4.5%, to $15,640 in the first three months of the year from the same period a year ago, according to Turquoise Health.

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Posted in * Economics, Politics, Consumer/consumer spending, Economy, Health & Medicine, Personal Finance

(Economist Leader) Is America dictator-proof? The many vulnerabilities, and enduring strengths, of America’s republic

The Brennan Centre, a think-tank, lists 135 extraordinary powers a president can claim by calling a national emergency—some of the most serious freeze bank accounts and shut down the internet. The president can decide what counts as an emergency. Over 40 remain in force, some years old. Donald Trump invoked one to fund his border wall; Joe Biden, to forgive student loans. Congress is supposed to consider terminating emergencies every six months. It never has. Neither has it removed a president through impeachment.

That makes complacency a danger. And yet so is alarmism, because an emergency, real or confected, is the strongman’s ally. When they believed the American project was at stake, even great presidents asserted extra-constitutional powers. During the civil war Abraham Lincoln suspended habeas corpus; Franklin Roosevelt interned Americans without trial.

Among the biggest constitutional obstacles to dictatorship is the 22nd Amendment, which limits a president to two terms. But what would happen if an iron-willed autocrat stacked the Pentagon with lackeys and, with an army at his shoulder, refused to go? The United States has 247 years of history, but its constitution was copied by several young Latin American republics in the 19th century and they succumbed to strongmen.

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Posted in America/U.S.A., History, Politics in General

(Bloomberg) Putin and Xi Vow to Step Up Fight to Counter US ‘Containment’

Chinese President Xi Jinping and Russian leader Vladimir Putin pledged to intensify cooperation against US “containment” of their countries, as they warned of growing nuclear tensions between rival powers.

Putin and Xi accused the US of planning to station missile systems around the world that “pose a direct threat to the security of Russia and China,” in a joint declaration after more than two hours of talks in Beijing on Thursday. They agreed to tighten coordination, including between their militaries, against what they called Washington’s “destructive and hostile course.”

Putin’s in China on the first foreign visit since his inauguration last week for a fifth presidential term, indicating the importance of the relationship with Xi in enabling Moscow to resist unprecedented sanctions from the US and its allies over Russia’s invasion of Ukraine.

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Posted in * Economics, Politics, America/U.S.A., China, Defense, National Security, Military, Foreign Relations, Globalization, Politics in General, Russia

(EF) India: “The government has used nationalist and religious extremism to raise false propaganda against Christians”

Q. To what extent is it important for the rights of religious minorities and religious freedom what happens in these elections?

A. Since the BJP and several extremist organisations have been in power, the situation of Christians and other religious minorities, such as Muslims and Sikhs, has worsened.

Modi recently inaugurated a Hindu temple, something a religious leader should have done. His figure has been deified in a way, and his image appears as someone who is very religious, very dominant and very strong, but in reality he is very afraid.

Some have even placed Modi above the Hindu god Rama, creating images and even statues of him. There are temples in honour of Modi. This has never happened before with any prime minister.

Permits for Christians to receive donations from abroad have been cancelled and we are always accused of buying people to change their religion. In Manipur, for example, Christians are very marginalised everywhere.

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Posted in Hinduism, India, Other Churches, Other Faiths, Politics in General, Religion & Culture, Religious Freedom / Persecution

(WSJ) Hamas Shift to Guerrilla Tactics Raises Specter of Forever War for Israel

Seven months into the war, Hamas is far from defeated, stoking fears in Israel that it is walking into a forever war.

The U.S.-designated terrorist group is using its network of tunnels, small cells of fighters and broad social influence to not only survive but to harry Israeli forces. Hamas is attacking more aggressively, firing more antitank weapons at soldiers sheltering in houses and at Israeli military vehicles daily, said an Israeli reservist from the 98th commando division currently fighting in Jabalia.

Hamas’s resilience poses a strategic problem for Israeli Prime Minister Benjamin Netanyahu, who says a key war aim is the total destruction of the Palestinian Islamist group. Concerns have grown within Israel, including in the security establishment, that Israel has no credible plan for replacing Hamas, and whatever achievements the military has won will be diminished.

As Israel’s military moved tanks and troops into Rafah, which it had billed as Hamas’s last redoubt, Hamas launched a series of hit-and-run attacks on Israeli forces in northern Gaza, witnesses said. Areas that had been relatively quiet turned into battlegrounds as Israel said Tuesday that it called in tanks for support in fights with dozens of militants and struck more than 100 targets from the air, including one it called a Hamas war room in central Gaza.

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Posted in Defense, National Security, Military, Foreign Relations, Globalization, Israel, Military / Armed Forces, Politics in General, Terrorism, The Palestinian/Israeli Struggle

(NYT) Google Takes the Next Step in Its A.I. Evolution

Last May, Sundar Pichai, Google’s chief executive, said the company would use artificial intelligence to reimagine all of its products.

But because new generative A.I. technology presented risks, like spreading false information, Google was cautious about applying the technology to its search engine, which is used by more than two billion people and was responsible for $175 billion in revenue last year.

On Tuesday, at Google’s annual conference in Mountain View, Calif., Mr. Pichai showed how the company’s aggressive work on A.I. had finally trickled into the search engine. Starting this week, he said, U.S. users will see a feature, A.I. Overviews, that generates information summaries above traditional search results. By the end of the year, more than a billion people will have access to the technology.

A.I. Overviews is likely to heighten concerns that web publishers will see less traffic from Google Search, putting more pressure on an industry that has reeled from rifts with other tech platforms. On Google, users will see longer summaries about a topic, which could reduce the need to go to another website — though Google downplayed those concerns.

Read it all.

Posted in Corporations/Corporate Life, Science & Technology

(C of E) Communities set to celebrate all creatures great and small in churchyards

Parishes and Communities across England can now register for a week-long event in June to celebrate wildlife in churchyards and cemeteries.

From wildflowers to insects, birds and mammals, all creatures great and small have found a haven in the UK’s burial grounds for centuries as the land has been largely undisturbed.

During Love Your Burial Ground Week and Churches Count on Nature (June 8-16) everyone is invited to explore these special places and help survey what they find.

Organised by Caring for God’s Acre and supported by the Church of England, the Church of Wales and A Rocha UK, the week-long initiative comes on the back of the Church of England’s commitment made at the General Synod in February to promote and record the biodiversity in its churchyards.

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Posted in Animals, Church of England, Energy, Natural Resources, Parish Ministry

(FT) Martin Wolf–Increased longevity will bring profound social change

In the UK in 1965, the most common age of death was in the first year of life. Today the most common age to die is 87 years old. This startling statistic comes from a remarkable new book, ‘The Longevity Imperative’, by Andrew Scott of the London Business School. He notes, too, that a newborn girl in Japan has a 96 per cent chance of making it to 60, while Japanese women have a life expectancy of nearly 88. Japan is exceptional. But we are living longer everywhere: global life expectancy is now 76 for women and 71 for men (clearly, the weaker sex).

This new world has been created by the collapse in death rates of the young. Back in 1841, 35 per cent of male children were dead before they reached 20 in the UK and 77 per cent did not survive to 70. By 2020, these figures had fallen to 0.7 and 21 per cent, respectively. We have largely defeated the causes of early death, by means of cleaner food and water, vaccination and antibiotics. I remember when polio was a great threat. It is almost entirely gone, as is the once vastly greater peril of smallpox.

This is humanity’s greatest achievement. Yet our main reaction is to fret over the costs of an “aging” society. Would young and middle-aged adults prefer to know that they and, worse, their children might die at any moment? We know the answer to this question.

Yes, the new world we live in creates challenges. But the crucial point Scott makes is that it also creates opportunities.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Aging / the Elderly, Economy, Globalization, Health & Medicine, History

(Economist) America is in the midst of an extraordinary startup boom

Although America has a deserved reputation as a country at the cutting-edge of innovation, fuelled by entrepreneurial vim, in recent years some economists have worried that this reputation no longer holds true. Startups have formed a smaller and smaller portion of the business landscape: in 1982 some 38% of American firms were less than five years old; by 2018, 29% were that young. The share of Americans working for startups likewise fell. Silicon Valley sizzled with high-tech wizardry, but its giant companies hoarded the best researchers, leading to a slower spread of new ideas throughout the country. Researchers, including at the Federal Reserve, pointed to this decline in dynamism as a cause of weaker productivity growth.

Suddenly, what was old appears to be new. An array of data indicate that Americans are rediscovering their go-getting spirit. The most striking evidence comes from applications to form businesses, a proxy for startup activity. These soared in mid-2020, when America was still in the grip of covid-19. The initial surge was easy to dismiss: some of the new firms were scams, trying to profit from the government’s financial assistance for small businesses; others reflected the strangeness of the moment, with companies set up to import face masks or flog hand sanitiser.

But now, well after the pandemic has faded away, the surge continues….Last year applications to form businesses reached 5.5m, a record.

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Posted in * Culture-Watch, * Economics, Politics, America/U.S.A., Corporations/Corporate Life, Economy

A Prayer for the Feast Day of Frances Perkins

Loving God, we bless thy Name for Frances Perkins, who in faithfulness to her baptism envisioned a society in which all may live in health and decency: Help us, following her example and in union with her prayers, to contend tirelessly for justice and for the protection of all, that we may be faithful followers of Jesus Christ; who with thee and the Holy Spirit liveth and reigneth, one God, for ever and ever. Amen.

Posted in Church History, Labor/Labor Unions/Labor Market, Spirituality/Prayer

(Bloomberg) World Extends Run of Heat Records for 11th Straight Month

April was the Earth’s 11th consecutive month of record-breaking heat, with warmer weather already sweeping across Asia and a hotter-than-usual summer expected in Europe.

The European Union’s Copernicus Climate Change Service said last month’s temperatures globally were 1.58C (2.8F) above historical averages and marked the hottest April on record. The past 12 months have been 1.61C higher than pre-industrial temperatures, exceeding the 1.5C threshold that policymakers and scientists say could threaten life on the planet.

“Whilst temperature variations associated with natural cycles like El Niño come and go, the extra energy trapped into the ocean and the atmosphere by increasing concentrations of greenhouse gases will keep pushing the global temperature towards new records,” Copernicus Director Carlo Buontempo said in a statement.

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Posted in Climate Change, Weather, Ecology, Energy, Natural Resources, Globalization

(Telegraph) Ambrose Evans-Pritchard–Javier Milei’s Argentina is fast becoming the Texas of Latin America

The bet is that global capital will do the heavy lifting on infrastructure once the red carpet is rolled out. It is a risky proposition in a changed world order where industrial policy is de rigueur, and the new gospel is how to leverage private investment with public seed money.

But not every country has a Vaca Muerta to offer. McKinsey says the basin will need $45bn of investment over the next 10 years to reach scale, beyond the means of the Argentine state in any plausible scenario.

Foreign investors are keeping a watchful eye on the Peronist backlash, so far gaining little traction in a country hungry for a fresh start – like washed-out Britain in the 1970s after hitting bottom during the three-day week.

Mr Milei’s omnibus law has successfully run the gauntlet through the lower house of parliament after much horse-trading, but doing better in his showdown with the discredited parties of the ‘casta’ than many expected. The senate will be harder (he has only seven seats) but he carries the big stick of decree power if all else fails, like Emmanuel Macron in today’s France.

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Posted in * Economics, Politics, Argentina, Economy, Energy, Natural Resources, Globalization

(NYT) What Would Jesus Do? Tackle the Housing Crisis, Say Some Congregations

Walking past empty pews and stained-glass windows, the Rev. Victor Cyrus-Franklin, pastor of Inglewood First United Methodist Church in Inglewood, Calif., talked about how housing prices were threatening his flock.

Congregants were being priced out of the neighborhood, he said. Many of those who remained were too burdened by rent to give to the church.

As Mr. Cyrus-Franklin spoke, a 78-year-old man named Bill Dorsey was a few yards away in an outdoor corridor that led to the chapel, amid tarps and piles of clothes. Mr. Dorsey’s makeshift residence, which the church tolerates, is one of several homeless encampments that sit in and around Inglewood First’s property, which is in a neighborhood of modest homes and small apartment buildings near Los Angeles International Airport.

“We know their stories and we know how hard it is to find housing,” Mr. Cyrus-Franklin said.

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Posted in Anthropology, Ethics / Moral Theology, Housing/Real Estate Market, Parish Ministry, Pastoral Theology, Politics in General, Stewardship, Theology

(WSJ) One of the Biggest Hospital Failures in Decades Raises Concerns for Patient Care

Hospitals in eight states are at risk of running out of cash after their owner filed for bankruptcy, potentially pitting the chain’s creditors against regulators, who raced to address concerns about safety.

Steward Health Care System became one of the largest hospital bankruptcies in decades when it filed for chapter 11 early Monday. The chain, which operates 30 hospitals, has been in dire financial straits for months, failing to pay bills and burning through emergency loans.

State regulators are worried about Steward, whose physicians provide care for 2.2 million patients a year. In one Steward hospital, bats prompted the evacuation of an intensive-care unit. At others, traveling nurses left after not being paid, and executives have swapped equipment to fill gaps.

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Posted in * Economics, Politics, Economy, Health & Medicine, Law & Legal Issues, The U.S. Government

(CRFB) Social Security and Medicare Trustees Release 2024 Reports

The Social Security and Medicare Trustees just released their annual reports on the financial status of the Social Security and Medicare programs. The Trustees project that both the Social Security and Medicare trust funds are within 12 years of insolvency and in need of trust fund solutions. Specifically, they project the Social Security Old Age and Survivors Insurance (OASI) trust fund will run out of reserves in 2033, the Medicare Hospital Insurance (HI) trust fund will become insolvent by 2036, and the Social Security Disability Insurance (SSDI) trust fund will remain solvent over the 75-year projection window. Assuming revenue is reallocated in the years between OASI and SSDI insolvency, the theoretically combined Social Security trust funds will be insolvent by 2035.

In other words, Social Security’s retirement trust fund will reach insolvency when today’s 58-year-olds reach the normal retirement age and today’s youngest retirees turn 71. At that point, all beneficiaries will face a 21 percent across-the-board benefit cut. On theoretically combined basis, all beneficiaries will face a 17 percent cut in 2035. Over the full 75-year projection window, Social Security’s combined funds faces an actuarial imbalance of 3.50 percent of taxable payroll, which is the equivalent of 1.2 percent of Gross Domestic Product (GDP) or 20 percent of all future benefits.

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Posted in * Economics, Politics, Aging / the Elderly, America/U.S.A., Budget, Economy, Ethics / Moral Theology, House of Representatives, Medicare, Personal Finance, Politics in General, President Joe Biden, Senate, Social Security, The U.S. Government