Four others joined Dunlop at the podium that day, one of whom had made the journey from California – and Hungary before that. The nuclear weapons physicist Edward Teller had, by 1959, become ostracized by the scientific community for betraying his colleague J. Robert Oppenheimer, but he retained the embrace of industry and government. Teller’s task that November fourth was to address the crowd on “energy patterns of the future,” and his words carried an unexpected warning:
Ladies and gentlemen, I am to talk to you about energy in the future. I will start by telling you why I believe that the energy resources of the past must be supplemented. First of all, these energy resources will run short as we use more and more of the fossil fuels. But I would […] like to mention another reason why we probably have to look for additional fuel supplies. And this, strangely, is the question of contaminating the atmosphere. [….] Whenever you burn conventional fuel, you create carbon dioxide. [….] The carbon dioxide is invisible, it is transparent, you can’t smell it, it is not dangerous to health, so why should one worry about it?
Carbon dioxide has a strange property. It transmits visible light but it absorbs the infrared radiation which is emitted from the earth. Its presence in the atmosphere causes a greenhouse effect [….] It has been calculated that a temperature rise corresponding to a 10 per cent increase in carbon dioxide will be sufficient to melt the icecap and submerge New York. All the coastal cities would be covered, and since a considerable percentage of the human race lives in coastal regions, I think that this chemical contamination is more serious than most people tend to believe.
Between 2007 and 2016, the average wealth of the bottom 99% decreased by $4,500. This decline was particularly
concentrated among the housing wealth of AfricanAmericans. Outside of home equity, black wealth recovered its 2007 level by 2016. But average black home equity was still $16,700 less. Meanwhile, over the same period, the average wealth of the top 1% increased by $4.9 million. Much of this decline in wealth, we argue, was the direct result of policies enacted by President Obama. His housing policies, particularly regarding foreclosures, were a disastrous failure that led to millions of families losing their homes, with black families suffering especially harsh losses. What’s more, Obama had power—money, legislative tools, and legal leverage—that could have very sharply ameliorated the foreclosure crisis, if not largely prevented it. He chose not to use them.
In the following essay, we shall examine the circumstances that led to the housing bubble, and its eventual collapse in Part I. In Part II, we shall take a close statistical look at the decline in black housing wealth. And in Part III, we shall outline an approach that would have halted the foreclosure crisis, had President Obama chosen to pursue it.
The Guardian reports (10th December) President Macron’s comment that recent US moves on the status of Jerusalem are a threat to peace. They are much more than that.
In recognising Jerusalem as Israel’s capital, Donald Trump seeks to achieve through a declaration what Israel has been trying to do for fifty years through force of arms: to erase Palestinians, as a political and cultural presence, from the life of their own city.
The Palestinian people of Jerusalem are already subject to municipal discrimination at every level, and a creeping process of ethnic cleansing. In addition to the continuing policy of house demolitions, in the last fifteen years, at least thirty-five Palestinian public institutions and NGOs in occupied East Jerusalem have been permanently or temporarily closed by the occupying forces. Cultural institutions have been a particular target.
At the same time Israeli authorities and entrepreneurs have spent millions in clearing Palestinian neighbourhoods to create ‘heritage’ projects that promote a myth of mono-ethnic urban identity, said to stretch back 3000 years.
We reject Trump’s collusion with such racist manipulation, and his disregard for international law. We deplore his readiness to crown the Israeli military conquest of East Jerusalem and his indifference to Palestinian rights.
As artists and as citizens, we challenge the ignorance and inhumanity of these policies, and celebrate the resilience of Palestinians living under occupation. Continue reading →
In the United States, the 400 richest individuals now own more wealth than the bottom 64 percent of the population and the three richest own more wealth than the bottom 50 percent, while pervasive poverty means one in five households have zero or negative net worth.
Those are just several of the striking findings of Billionaire Bonanza 2017, a new report (pdf) published Wednesday by the Institute for Policy Studies (IPS) that explores in detail the speed with which the U.S. is becoming “a hereditary aristocracy of wealth and power.” …
“The wealthiest 25 individuals in the United States today own $1 trillion in combined assets,” the report notes. “These 25, a group equivalent to the active roster of a major league baseball team, hold more wealth than the bottom 56 percent of the U.S. population combined, 178 million people.” Continue reading →
The U.S. military has signaled that it might cancel essential upgrades for more than 100 early model F-35 stealth fighters flown by the Air Force, rendering the radar-evading jets incompatible with many of the latest weapons.
In that case, some 6 percent of the flying branch’s planned 1,700-strong F-35 fleet would be unfit for combat, sticking U.S. taxpayers with a $20 billion tab for fighters… that can’t fight. Continue reading →
The military is one of the country’s largest polluters, with an inventory of toxic sites on American soil that once topped 39,000. At many locations, the Pentagon has relied on contractors like U.S. Technology to assist in cleaning and restoring land, removing waste, clearing unexploded bombs, and decontaminating buildings, streams and soil. In addition to its work for Barksdale, U.S. Technology had won some 830 contracts with other military facilities — Army, Air Force, Navy and logistics bases — totaling more than $49 million, many of them to dispose of similar powders. Continue reading →
The idea comes from Will Roper, a Rhodes scholar in his late 30s with a PhD in mathematics. Roper runs the Defense Department’s secretive Strategic Capabilities Office; his job is to study where war is headed, and to develop the technological tools that help the United States win there. The military services think about today; DARPA thinks about the distant future; Roper thinks about tomorrow.
Military spending in North America saw its first annual increase since 2010, while spending in Western Europe grew for the second consecutive year.
World military expenditure rose for a second consecutive year to a total of $1686 billion in 2016—the first consecutive annual increase since 2011 when spending reached its peak of $1699 billion.* Trends and patterns in military expenditure vary considerably between regions. Spending continued to grow in Asia and Oceania, Central and Eastern Europe and North Africa. By contrast, spending fell in Central America and the Caribbean, the Middle East (based on countries for which data is available), South America and sub-Saharan Africa. Continue reading →
After authorising the firing of 59 Tomahawk missiles (each costing around $1.5 million) at a Syrian airbase with no apparent consequential strategic purpose and diminishing none of the Syrian regime’s chemical weapons capability, the maker of the Tomahawk missiles, Raytheon’s stock rose sharply, adding more than $1 billion to its market capitalisation. Other missile and weapons manufacturers, Boeing, Lockheed Martin, Northrop Grumman and General Dynamics, also saw their stock rose considerably – collectively gaining nearly $5 billion in market value. This on its own may not matter much, after all, which president of the USA has not dropped expensive bombs on some ‘remote’ nations of the world. But this time may be different.
Trump used anti-establishment and anti-corporate language during his election campaign to distinguish himself from all other candidates – he opposed neoconservative foreign policy, financial and corporate interests, notably Goldman Sachs. Now, after his inauguration, you can hardly see much difference between his foreign policy plans and policies proposed by neoconservatives. His cabinet looks like a ‘who’s who’ of Goldman Sachs alumni. He ratcheted up the military tension in the South China Sea, ordered a failed major special force operation in Yemen, and now seems to be pushing the USA to the edge of nuclear war with North Korea. The more he uses militaristic confrontational rhetoric and actions, the more ‘presidential’ he looks in the eyes of the mainstream media. He seems ‘unstoppable’.
Trump’s North Korea policy will reportedly focus more on pressuring Beijing to constrain North Korea, and on additional sanctions.
Two things to keep in mind: don’t underestimate North Korean leader Kim Jong Un, and don’t forget South Korea. …
Kim’s desire for deterrence – to not end up like Saddam Hussein or Muammar Gaddafi – helps explain the existence of its weapons program. Someone who has participated in more than a decade of Track 2 dialogues with the North Koreans once recounted to me how North Koreans asked them: “Would the Americans have gone in and done what they did to Gaddaffi, and to Syria, if they had what we have?’ Continue reading →
The combined impact of fewer workers and lower productivity is enormous. In 2008, before the true extent of the recession was known, the Congressional Budget Office (CBO) projected that by 2017 the economy’s potential would be 29 percent larger than it had been in 2007. In its most recent report, the CBO puts the economy’s potential for 2017 at just 16 percent more than its 2007 level. This difference of 13 percentage points translates into more than $2 trillion a year in today’s economy.
It’s also well worth noting that this lost output is income that disproportionately would have gone to those at the middle and bottom of the income ladder. The people who don’t get employed in a weak economy are overwhelmingly African Americans, Hispanics, and workers with less education. Furthermore, in a weak labor market, workers at the middle and bottom of the wage ladder aren’t well positioned to get wage increases. The weakness of the labor market in the Great Recession and the anemic recovery that followed were both associated with a large shift in national income from wages to profits. In short, this was a hard punch to the belly for large segments of the working population.
It helps considerably that many of these customers have more than just a few tonnes of precision-engineered titanium to gain from any deal: the beauty of the JSF project is that everyone can bring something to the party. In a Lancashire workshop, for instance, BAE Systems is building a section of the aft fuselage, including the tail, for every F-35; along with other contributions from all over the world, these pieces are then shipped to Texas for final assembly. This means that every F-35 sale is a boost to the coffers of Britain’s own largest arms company. (BAE has also been allowed to do the foldy bits at the end of the wings.) And the opportunities are everywhere. There are aluminium sheets from Milton Keynes, electronic modules from Billingstad, circuit boards from Ankara, hydraulics from Melbourne, wiring systems from Rotterdam, manifolds from Adelaide, wing parts from Turin and actuators from New York. So when Trump threatened to slash the cost of the F-35 programme, or divert some of the custom to cheaper competitors, it wasn’t only American defence contractors who were in the firing line. Everyone had something to lose. On 30 January, ten days after taking office, Trump announced that he had negotiated $600 million off the price tag of the next batch of F-35s. Lockheed’s CEO chose not to shatter his illusion, but it turned out that the next ninety planes were always going to be cheaper anyway – by between 6 and 7 per cent, or $550 and $650 million. The more you build the cheaper they get, thanks to economies of scale. Happily for everyone involved, this also means that more get sold. The ‘military-industrial complex’ turns out to be very simple: the juggernaut has its own momentum. Once it’s rolling it can’t be stopped, even if you’re Donald Trump, something he finally came to acknowledge on 16 March, when his budget plan for the next fiscal year allowed for the ramping-up of F-35 production as part of a proposed 10 per cent increase in overall military spending.
As Rep. Adam Schiff, minority leader of the House Intelligence Committee, said, U.S. support would be perceived “as an indicator of our willingness to push back against Iranian efforts to increase hegemony in the region [and] that may influence how comfortable they are with a nuclear agreement,” adding, “it is very important for the U.S. to have Saudi Arabia’s back when it comes to Yemen.” One anonymous Pentagon official put it coldly: “If you ask why we’re backing this … the answer you’re going to get from most people — if they were being honest — is that we weren’t going to be able to stop it.”
Throughout those conversations, there was consensus that the contemporary peace movement was not nearly powerful enough to mount a serious challenge to the forces of American empire and militarism. As the challenges facing that movement came into focus for me, so did their scale. It is hard to imagine a more difficult target, from an organizing perspective, than military policy. The US empire today leaves a great deal of ruin in its wake, but its cost is only vaguely felt by most Americans, while its gargantuan profits are pocketed by a few and its most recognized organization—the military itself—is widely celebrated as the most trusted public institution.
In the wake of the election, as the need for a constituency to challenge American militarism grows in urgency, how might such challenges be met? Doing so will require reimagining the constituency, strategy, and purpose of the movement itself. It is not at all clear that a “peace movement” or even an “antiwar movement,” as those have generally been conceived, will suffice. Rather, we need a movement that can speak to the anger that so many Americans feel toward the corporate powers that dominate our politics. Such a movement would expose how militarism is not immune to that influence but is particularly beholden to it. Can such a movement be organized? … Continue reading →
If President Trump really feels the need to cut foreign aid, he should take a close look at the Pentagon’s “shadow” security assistance programs — programs that are buried deep in the department’s budget, where they are largely shielded from scrutiny by the news media, the public and most members of Congress.
Since the Sept. 11 terrorist attacks, the Pentagon has created dozens of new arms and training programs within its own budget, at a cost of about $10 billion per year, in support of activities in more than 130 countries, according to the Security Assistance Monitor. This is small change by Pentagon standards, but more than three times the value of the domestic programs that are on the White House’s “hit list,” including the Corporation for Public Broadcasting, the National Endowments for the Arts and the Humanities, and funding for Planned Parenthood, Legal Services, AmeriCorps and the Export-Import Bank. Continue reading →
In 2015, according to PSZ, the richest 1% of people in America received 20.2% of all the income in the nation. Ten points of that 20.2% came from equity income, net interest, housing rents, and the capital component of mixed income. Which is to say, 10% of all national income is paid out to the 1% as capital income. Let me reiterate: 1 in 10 dollars of income produced in this country is paid out to the richest 1% without them having to work for it. Continue reading →
Meritocracy, Franks argues, is the ideology that allowed Democrats to self-consciously claim the mantle of social justice and egalitarianism while subverting both. In this framework, one’s race, creed, color, gender, or sexual orientation shouldn’t matter when it comes to achieving success in America; what does matter is having the talent and ability to graduate from a place like Harvard Law. But at the same time, meritocracy demands inequality—not everyone, after all, can go to Harvard Law or become a doctor or a high-tech executive. In fetishizing meritocracy, therefore, the Democratic Party has embraced an ideology based on inequality.
Frank contrasts this ideology with the GOP’s more traditional plutocratic one. In the United States, as elsewhere, having a lot of money gives you power. But this “hierarchy of money,” as he puts it, is rivaled by another: a “hierarchy of merit, learning, and status.” The lawyers, doctors, and academics who compose “the liberal class” (to use the journalist Chris Hedges’s term) have erected their own edifice of power—one that has also come to ignore the interests of working-class people and reproduced structures of extreme racism, particularly in the prison system. Continue reading →
“I don’t know how you take $54 billion out without wholesale taking out entire departments,” said Bill Hoagland, a longtime Republican budget aide in the Senate and now a senior vice president at the Bipartisan Policy Center. “You need to control it in the area of the entitlement programs, which he’s taken off the table. It is a proposal, I dare say, that will be dead on arrival even with a Republican Congress.” Continue reading →