Category : * Economics, Politics

(Washington Post) Paris siege: French farmers encircle capital with an angry blockade

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.

Posted in * Economics, Politics, Dieting/Food/Nutrition, Economy, France, Politics in General

(Church Times) Turkish authorities respond swiftly after murderous attack on church

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.

Posted in Liturgy, Music, Worship, Parish Ministry, Police/Fire, Religion & Culture, Terrorism, Turkey

(FA) Hal Brands–The Next Global War: How Today’s Regional Conflicts Resemble the Ones That Produced World War II

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.

Posted in Foreign Relations, Globalization, History, Military / Armed Forces, Politics in General

(WSJ) Israel’s War With Hamas Has No End in Sight

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.

The irreconcilable stakes are existential for both. And that means that even if a cease-fire halts the current round of fighting in Gaza, the struggle between Israel and Hamas will continue.

Israeli Prime Minister Benjamin Netanyahu has repeatedly said his country would continue its current war in Gaza until it achieves Hamas’s complete destruction. “There is no substitute for total victory over our enemies,” Netanyahu said Thursday.

The Israeli military’s limited progress so far in eliminating Hamas in the enclave is increasingly sowing doubt in Israel about whether Netanyahu’s stated goal is achievable soon.

Read it all.

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

(Bloomberg BW) AI Needs So Much Power That Old Coal Plants Are Sticking Around

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.

Posted in Corporations/Corporate Life, Energy, Natural Resources, Science & Technology

(Church Times) Sir Stephen Timms warns Labour not to support (so-called) ‘assisted dying”

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.

Posted in Death / Burial / Funerals, England / UK, Ethics / Moral Theology, Health & Medicine, Life Ethics, Politics in General

(Economist) Wall Street titans are betting big on insurers. What could go wrong?

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.

Posted in * Economics, Politics, America/U.S.A., Corporations/Corporate Life, Economy, Stock Market

(Post and Courier) Lowcountry South Carolina Growing pains may hit St. George with proposed ‘cluster’ housing development

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.

Posted in * South Carolina, Economy, Housing/Real Estate Market

(Gallup) Ethics Ratings of Nearly All Professions Down in U.S.

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.

Posted in * Culture-Watch, America/U.S.A., Anthropology, Ethics / Moral Theology, Labor/Labor Unions/Labor Market

(WSJ) Americans Are Suddenly a Lot More Upbeat About the Economy

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.

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

(INews) Eliot Wilson–The Church of England is waning – and the Prince of Wales seems to be in no mood to help

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.

Posted in Church of England, England / UK, Politics in General, Religion & Culture

(NYT) Pakistan Retaliates With Strikes Inside Iran as Tensions Spill Over

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.

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

(Atlantic Council) William F. Wechsler–The lessons Washington needs to learn from the strike on the Houthis

International trade is constrained by eight primary maritime chokepoints, hard realities imposed by immutable geography. The United States has long recognized a vital national security interest in ensuring freedom of navigation through each of them. This strike helped protect those interests.

Half of these eight global chokepoints are dispersed widely. Only one each can be found in Europe (the Strait of Gibraltar), in Africa (the Cape of Good Hope), in East Asia (the Straits of Malacca), and in the Americas (the Panama Canal). Unfortunately, the other half of these critical chokepoints are all concentrated in a relatively small region where southwestern Asia meets Europe and Africa: the Bosporus Strait, the Suez Canal, the Bab-el-Mandeb Strait, and the Strait of Hormuz. This area also happens to be the most important single source of the energy required to sustain global economic growth. Those two facts explain why US presidents keep rediscovering the need to focus disproportionately on the Middle East, despite their often-heartfelt desires to do otherwise.

Today, the greatest threat to these chokepoints is Iran and its proxies. The regime in Tehran has long threatened to shut down Hormuz and repeatedly attacked shipping in the area. Most recently, it even threatened to shut down Gibraltar. The Houthis, Iran’s partner and proxy in Yemen, had repeatedly attacked ships transiting the Bab. The Biden administration recognized the threat, laid the diplomatic predicate, assembled the multilateral coalitiondeployed the assets, issued clear warnings, and then took action. This is what professional policymaking looks like. One hopes that the right lessons will be learned in both Sanaa and Tehran.

Read it all.

Posted in * Economics, Politics, Corporations/Corporate Life, Economy, Foreign Relations, Globalization, Military / Armed Forces, Politics in General, Travel

(NYT) David Wallace-Wells: How Hot Was It Last Year?

It is notoriously tricky to synthesize data from all the world’s weather stations into one measure of global warming, but all of the major efforts to do so for 2023 are now in, and they are also all in distressing alignment: Last year was the warmest recorded in modern history, and it broke that record by an exceedingly large margin, one that conventional climate science has not yet managed to adequately explain.

The big data sets are now all in, and one of them, published by Berkeley Earth last week, contained what counts as an eye-popping assertion even against the backdrop of the record-setting year: The global average temperature was more than 1.5 degrees Celsius (2.7 degrees Fahrenheit) above the preindustrial level. (Other models had it just below.)

When climate scientists and advocates talk about the risks of breaching 1.5 degrees Celsius of warming — as they have somewhat obsessively at least since it was established as the ambitious climate goal of the 2015 Paris Agreement and since the Intergovernmental Panel on Climate Change described the consequences of exceeding it in its 2018 Special Report on Global Warming of 1.5°C — this isn’t exactly what they mean. That threshold describes a long-term average rather than a single-year anomaly. But because it describes a multidecade average, the measure will always be backward-looking, with the precise moment the world crossed the 1.5 mark clear only in retrospect. This year a handful of prominent scientists have suggested that when we do look back to mark that time, we may well circle 2023.

Read it all.

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

(PD) Matthew Kuchem–The Politics of Epiphany

After all, it’s not every day a large and wealthy entourage from Persia arrives unannounced, refers to Messianic prophecies, points to an astrological sign, and asks directions so that they might worship the new king of a people who had been without a monarch for more than five centuries. It was an extraordinary event, and the whole city of Jerusalem knew about it. And it seems that not one soul from Jerusalem went with them.

This is astonishing. So why didn’t the local religious leaders send a delegation along with the Magi? There are, of course, various hypotheses. While it is possible that they simply found the claims of the Magi to be too fantastic to merit serious consideration, many observers believe their reluctance is far from innocent. The interpretation that appears most often in sermons and commentaries is that, despite their impressive knowledge of Scriptures, they lacked the faith exhibited by the Persian wise men. While there may be truth in that view, it is a rather shallow explanation. Another bit of conventional wisdom is that the religious leaders were self-assured in their knowledge and did not want to give credence to the claims of foreign visitors whose Babylonian traditions were out of step with the authorities in Jerusalem. While this is certainly a more satisfactory explanation, I think it only captures part of the story.

Another reason the religious leaders chose not to send a delegation to Bethlehem was because doing so would be risky. They probably feared retaliation from Herod, a ruthless leader who was paranoid about losing power. He was infamous for executing his wife, several sons and other relatives, and Jewish leaders whom he perceived as a threat. Sending a delegation to Bethlehem would have suggested they were open to the claims of a rival king and made them vulnerable to charges of disloyalty and treason.

But both the political context and the text itself seem to indicate that fear of death was not the only reason for their reluctance. I believe that the religious and political context suggests that the religious leaders made a more calculated decision to protect their own ambitions and political power.

Read it all.

Posted in Anthropology, Epiphany, Ethics / Moral Theology, Politics in General, Theology, Theology: Scripture

George Washington’s January 1 1795 Proclamation

Deeply penetrated with this sentiment I George Washington President of the United States do recommend to all Religious Societies and Denominations and to all persons whomsoever within the United States to set apart and observe thursday the nineteenth day of February next as a day of public Thanksgiving and prayer; and on that day to meet together and render their sincere and hearty thanks to the great ruler of Nations for the manifold and signal mercies, which distinguish our lot as a Nation; particularly for the possession of Constitutions of Government which unite and by their union establish liberty with order, for the preservation of our peace foreign and domestic, for the seasonable controul which has been given to a spirit of disorder in the suppression of the late insurrection, and generally for the prosperous course of our affairs public and private…

Read it all.

Posted in America/U.S.A., History, Office of the President, Religion & Culture

(Church Times) Change asylum-claim system, say faith leaders

Faith leaders in London and the south-east have joined forces with the Bishop of London, the Rt Revd Sarah Mullally, in calling on the Government to address the leave-to-remain status situation for asylum-seekers, and the increasing risk of homelessness this winter…. They want practice to match policy, better communication, and for the timeframe to be extended.

Forty-five of them signed the letter, sent last week to Michael Tomlinson MP and Baroness Scott of Bybrook, ministers respectively in the Home Office and Department for Levelling Up, Housing and Communities. Signatories included the Bishops of Chelmsford, Southwark, and Rochester, and their area and suffragan bishops.

Welcoming the Home Office’s efforts to tackle its backlog on asylum claims, the faith leaders say that they are “concerned at the number [of refugees] who, on receiving their leave to remain, are becoming street homeless”. They report growing demand in London’s churches, mosques, gurdwaras, synagogues, and temples, for support with accommodation from those with new refugee status.

Read it all.

Posted in Church of England (CoE), CoE Bishops, England / UK, Ethics / Moral Theology, Foreign Relations, Immigration, Politics in General, Poverty, Religion & Culture

(Economist) A majority of Congressmen want more military aid for Ukraine

Ukraine this year officially moved its Christmas state holiday from January 7th, in line with the Russian Orthodox Church, to December 25th, when most of the Western world observes it. But there won’t be much to celebrate. A long-awaited and much-needed assistance package from the us Congress will not arrive in time for the new Christmas, and lawmakers appear unlikely to approve legislation in time for the old one either.

Throughout the autumn pro-Ukraine lawmakers on both sides of the aisle, who form a strong majority in the House and Senate, predicted that eventually Congress would authorise more military aid. Important issues with broad, bipartisan support eventually get a vote, the thinking went. Many expected passage at the end of the year, when big spending packages are often cobbled together quickly, allowing their contents to evade scrutiny and legislators to get home for Christmas.

But Mike Johnson, the House speaker, ran for his job with a plan, “to ensure the Senate cannot jam the House with a Christmas omnibus”. So far that has meant punting the main legislative debates until early 2024. Mr Johnson has a point that passing weighty bills with no time for serious debate is suboptimal. But House Republicans, mired in perpetual infighting and unable to govern effectively with a thin majority, squandered their workdays.

Read it all.

Posted in America/U.S.A., Foreign Relations, House of Representatives, Military / Armed Forces, Politics in General, Russia, Senate, Ukraine

(BBC) Esther Rantzen: Minister says he is ‘not averse’ to new assisted suicide vote

Assisted suicide is banned in England, Wales and Northern Ireland, with a maximum prison sentence of 14 years. While there is no specific offence of assisted suicide in Scotland, euthanasia is illegal and can be prosecuted as murder or culpable homicide.
Rantzen says she’s joined assisted dying clinic

Mr Stride, one of 27 Conservative MPs who voted for the 2015 bill, said he thought some MPs could be wondering “whether this should be something we look at again”.

“The government has not decided to bring forward legislation,” he told the Today programme on Wednesday, “but if Parliament in some form or another decided that it wanted to have a fresh look at this, given it was some years ago that we last did so, that’s not something that I would be resistant to.”

Read it all.

Posted in Anthropology, Death / Burial / Funerals, England / UK, Eschatology, Ethics / Moral Theology, Life Ethics, Politics in General, Religion & Culture, Theology

(Bloomberg) What If Putin Wins? US Allies Fear Defeat as Ukraine Aid Stalls

The impasse over aid from the US and Europe has Ukraine’s allies contemplating something they’ve refused to imagine since the earliest days of Russia’s invasion: that Vladimir Putin may win.

With more than $110 billion in assistance mired in political disputes in Washington and Brussels, how long Kyiv will be able to hold back Russian forces and defend Ukraine’s cities, power plants and ports against missile attacks is increasingly in question.

Beyond the potentially catastrophic consequences for Ukraine, some European allies have begun to quietly consider the impact of a failure for North Atlantic Treaty Organization in the biggest conflict in Europe since World War II. They’re reassessing the risks an emboldened Russia would pose to alliance members in the east, according to people familiar with the internal conversations who asked for anonymity to discuss matters that aren’t public.

Read it all.

Posted in America/U.S.A., England / UK, Europe, Foreign Relations, Military / Armed Forces, Politics in General, Russia, Ukraine

(WSJ) More Americans Than Ever Own Stocks

he share of Americans who own stocks has never been so high.

About 58% of U.S. households owned stocks in 2022, according to the Federal Reserve’s survey of consumer finances released this fall. That is up from 53% in 2019 and marks the highest household stock-ownership rate recorded in the triennial survey. The cohort includes families holding individual shares directly and those owning stocks indirectly through funds, retirement accounts or other managed accounts.

The data provide the most comprehensive snapshot yet of how the Covid-era explosion in investing has reshaped Americans’ personal finances. Stuck at home during the pandemic with extra cash, millions jumped into the stock market for the first time. The elimination of commission fees on stock trading across U.S. brokerages made investing cheaper than ever.

“It created a whole generation of investors,” said Anthony Denier, chief executive of mobile brokerage Webull U.S.

Read it all.

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

(Washington Post) Older workers are a growing share of the workforce

Americans 65 and over are playing a larger role in the labor force, shifting the composition of U.S. workers and reflecting a new reality where retirement has become a more gradual process for many.

The share of older Americans who are working, by choice or necessity, has doubled in the past 35 years, according to a report released Thursday by the Pew Research Center. Workers 65 and over also are working longer hours and making more money than they were in the past.

“In some ways, this isn’t surprising: We’re an aging society,” said Richard Fry, a senior researcher at Pew Research Center and lead author of the study. “But it isn’t just that there are more older adults in the workforce, it’s that a larger share of them are working. And it tends to be better-educated, older adults with a college degree.”

Read it all.

Posted in * Economics, Politics, Aging / the Elderly, Economy, Labor/Labor Unions/Labor Market

(TVP World) European militaries increasingly reporting seriously depleted resources

Great Britain, a principal ally of the U.S. military and the largest defense spender in Europe, has limited military resources with only about 150 operational tanks and around a dozen long-range artillery pieces.

Last year, the scarcity of equipment was so acute that the British military contemplated refurbishing rocket launchers from museums for Ukraine, but this plan was abandoned.

France, another major defense spender in Europe, possesses less than 90 heavy artillery units, roughly the amount Russia reportedly loses each month in Ukraine.

Denmark lacks heavy artillery, submarines, or air defense systems. The German army is reported to have sufficient ammunition for only two days of combat

Read it all.

Posted in England / UK, Europe, Foreign Relations, Military / Armed Forces, Politics in General, Ukraine

(Economist Leader) Can you have a healthy democracy without a common set of facts? America’s presidential election is a test of that proposition

Journalists should not spend much of their time writing about journalism. The world is more interesting than the inky habits of the people who report on it. But this week we are making an exception, because the discovery and dissemination of information matters a lot to politics. Don’t take our word for it: “A popular government,” wrote James Madison in 1822, “without popular information, or the means of acquiring it, is but a prologue to a farce or a tragedy; or, perhaps both.” Were Thomas Jefferson offered a choice between a government without newspapers and newspapers without a government, he said that he would choose the press (though that is probably going a bit far).

As the turmoil at America’s elite universities over antisemitism shows, creating a political culture in which people can argue constructively, disagree and compromise is not something that happens spontaneously. In media, business models, technology and culture can work together to create those conditions. They can also pull in the opposite direction. Our analysis of over 600,000 pieces of written and television journalism shows that the language of the mainstream American media has drifted away from the political centre, towards the Democratic Party’s preferred terminology and topics. That could lower the media’s credibility among conservatives.

As the country braces for next year’s election, it is worth thinking about the internal forces that deepened this rift. You can take comfort from the fact that the industry has been buffeted time and again during its long history, yet somehow survived. The worry is that today’s lurch may prove worse than any before.

Read it all (subscription).

Posted in America/U.S.A., Ethics / Moral Theology, History, Media, Office of the President, Politics in General, Science & Technology

(Church Times) Warm(ish) welcome for the COP28 fossil-fuel accord

Christian groups have welcomed an international agreement, the first of its kind, in Dubai, on a transition away from fossil fuels. The speed and scale of this transition remains in question, however. Developing countries represented at the COP28 climate summit say that there is a lack of funding to help them to decarbonise their economies.

Although this was the 28th COP, the words “fossil fuels” had never previously been included in a final-outcome agreement. Patrick Galey, a senior fossil-fuels investigator at Global Witness, wrote on social media: “Imagine a global process to tackle malaria where it took 30 years for the word ‘mosquitoes’ to appear in decision texts, then that being hailed as a win. That’s how low the bar has been set for climate talks and fossil fuels.”

Talks at the two-week summit ran through the night and ended on Wednesday morning, nearly 24 hours after the proposed closing time.

The final agreement calls on countries to make a commitment to “transitioning away from fossil fuels” and to accelerating action in this “critical decade” to achieve net zero by 2050. It is hoped that this will send a political signal to investors, markets, and the world at large that countries are committed to decarbonising the global economy.

Read it all.

Posted in * Economics, Politics, Climate Change, Weather, Economy, Energy, Natural Resources, Ethics / Moral Theology, Foreign Relations, Globalization, Politics in General, Religion & Culture, Science & Technology

(WSJ) Russia Has Lost Almost 90% of Its Prewar Army, U.S. Intelligence Says

The war in Ukraine has devastated Russia’s preinvasion military machine, with nearly 90% of its prewar army lost to death or injury, and thousands of battle tanks destroyed, according to a newly declassified U.S. intelligence assessment shared with Congress.

The intelligence assessment, according to a congressional source, says that 315,000 Russian personnel have been killed or injured since the February 2022 invasion, or about 87% of Moscow’s prewar force of 360,000.

Russia also has lost nearly two-thirds of its tank force, or 2,200 out of its 3,500 preinvasion stock, the congressional source said.

While it is widely known that Russian President Vladimir Putin’s military has sustained vast losses in Ukraine, the assessment provides new details about the extent of those setbacks.

Read it all.

Posted in Foreign Relations, Politics in General, Russia, Ukraine

(WSJ) The Math for Buying a Home No Longer Works. These Charts Show You Why.

Homeownership has become a pipe dream for more Americans, even those who could afford to buy just a few years ago.

Many would-be buyers were already feeling stretched thin by home prices that shot quickly higher in the pandemic, but at least mortgage rates were low. Now that they are high, many people are just giving up.

It is now less affordable than any time in recent history to buy a home, and the math isn’t changing any time soon. Home prices aren’t expected to go back to prepandemic levels. The Federal Reserve, which started raising rates aggressively early last year to curb inflation, hasn’t shown much interest in cutting them. Mortgage rates slipped to about 7% last week, the lowest in several months, but they are still more than double what they were two years ago.

Typically, high mortgage rates slow down home sales, and home prices should soften as a result. Not this time. Home sales are certainly falling, but prices are still rising—there just aren’t enough homes to go around. The national median existing-home price rose to about $392,000 in October, the highest ever for that month in data that goes back to 1999.

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Posted in * Economics, Politics, Children, Economy, Housing/Real Estate Market, Marriage & Family, Personal Finance, Young Adults

(Washington Post) China’s cyber army is invading critical U.S. services

The Chinese military is ramping up its ability to disrupt key American infrastructure, including power and water utilities as well as communications and transportation systems, according to U.S. officials and industry security officials.

Hackers affiliated with China’s People’s Liberation Army have burrowed into the computer systems of about two dozen critical entities over the past year, these experts said.

The intrusions are part of a broader effort to develop ways to sow panic and chaos or snarl logistics in the event of a U.S.-China conflict in the Pacific, they said.

Among the victims are a water utility in Hawaii, a major West Coast port and at least one oil and gas pipeline, people familiar with the incidents told The Washington Post. The hackers also attempted to break into the operator of Texas’s power grid, which operates independently from electrical systems in the rest of the country.

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

(NYT) Why Fears of a Broader Middle East Conflict Are Growing in Iraq

Just south of Baghdad, the urban sprawl gives way to glimpses of green, with lush date palm groves bordering the Euphrates River. But few risk spending much time there. Not even the Iraqi military or government officials venture without permission.

A farmer, Ali Hussein, who once lived on that land, said, “We do not dare to even ask if we can go there.”

That’s because this stretch of Iraq — more than twice the size of San Francisco — is controlled by an Iraqi militia linked to Iran and designated a terrorist group by the United States. Militia members man checkpoints around the borders. And though sovereign Iraqi territory, the area, known as Jurf al-Nasr, functions as a “forward operating base for Iran,” according to one of the dozens of Western and Iraqi intelligence and military officers, diplomats and others interviewed for this article.

The militia that controls the land, Khataib Hezbollah, uses it to assemble drones and retrofit rockets, with parts largely obtained from Iran, senior military and intelligence officials say. Those weapons have then been distributed for use in attacks by Iranian-linked groups across the Middle East — putting this former farmland at the center of fears that the war in Gaza could grow into a wider conflict.

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Posted in Foreign Relations, Globalization, Iran, Iraq, Middle East, Military / Armed Forces, Politics in General, The Palestinian/Israeli Struggle

(Bloomberg) Max Hastings– It’s Not Just Ukraine and Gaza: War Is on the Rise Everywhere

This week, the International Institute for Strategic Studies in London published the latest edition of its authoritative annual Armed Conflict Survey, and it’s not predicting much peace for the holidays. It paints a grim picture of rising violence in in many regions, of wars chronically resistant to broking of peace. The survey — which addresses regional conflicts rather than the superpower confrontation between China, Russia, the US and its allies — documents 183 conflicts for 2023, the highest number in three decades.

It highlights “intractability as the defining feature of the contemporary global conflict landscape.” Nonstate armed groups, of which Hamas in Gaza is only the most immediately conspicuous, play a baleful role. In many places these forces are supported by disruptive major powers, notably Russia and Iran.

Although the world is not immediately threatened by a great war, such as those of 1914-18 and 1939-45, tensions are rising, especially between the US and China. I would identify an issue that seems to me, as a historian, especially important and dangerous. One of the primary reasons Europe went to war in 1914 is that none of the big players were as frightened as they should have been, of conflict as a supreme human catastrophe. After a century in which the continent had experienced only limited wars, from which Prussia had been an especially conspicuous profiteer, too many statesmen viewed war as a usable instrument of policy, which proved a catastrophic misjudgment.

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Posted in Foreign Relations, Globalization, Military / Armed Forces, Politics in General