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Yglesias

Politics In A Steep Recession

Some people have expressed surprise that the Great Recession hasn’t proven to be a boon to left-wing political movement. I think the expectation that something like that would be the result of a financial collapse is based on an over-generalization of FDR and the New Deal. If you look at the 1930s in a global context, the predominant trend was the rise of far-right nationalist parties, not just in Germany and Japan but across a huge swathe of Europe. And today’s lesser recession is prompting a small version of the same thing:

The surge for the True Finns is the latest in a series of breakthroughs by populist and far-right parties in Europe, fuelled by economic discontent and concern about immigration. In France, President Nicolas Sarkozy’s centre-right UMP party suffered a drubbing in regional polls last month amid a strong showing by the far-right National Front. Nationalist parties have also made gains in Sweden, the Netherlands and Belgium over the past year.

US politics has a different dynamic, but there’s been a definite increase in the influence of the faction of the Republican Party that’s decided retroactively that George W Bush was insufficiently rightwing.

Climate Progress

Science Sunday: “The economics (or lack thereof) of aerosol geoengineering”

Is the aerosol strategy intergenerationally unethical?

dystopia

The Gist: Putting reflective aerosols high into the atmosphere to slow climate change is too risky and not cost effective.

That’s Climate Central describing the core conclusions of the Climatic Change paper “The economics (or lack thereof) of aerosol geoengineering,” (full paper online here).

This study would seem to support the view that if you don’t do aggressive greenhouse mitigation starting now, you pretty much take aerosol geo-engineering off the table as a very limited (but still dubious) add-on strategy “” as even geo-engineering experts like climatologist Ken Caldeira have made clear.

What’s nice about this study is that it doesn’t just do an economic analysis, but also discusses intergenerational ethics.  I’ll excerpt the study itself at length — after the full Climate Central summary:

Read more

Yglesias

Change Cubans Can Believe In

Good news, it seems to me:

“We have arrived at the conclusion that it is advisable to limit the fundamental political and state offices to a maximum period of two consecutive periods of five years,” Mr. Castro said in a speech opening the Sixth Communist Party Congress, the first such gathering since 1997. He said his generation had failed to prepare a new crop of younger leaders, and called for a “systematic rejuvenation of the whole chain of party and administrative posts.” [...]

[Castro] praised the expanded opportunities already extended to entrepreneurs; the government has granted 180,000 licenses for small businesses like coffee vendors, fast-food stands and house rentals, with tens of thousands more expected to be issued in the coming months. Yet he appeared to reject as “contrary to socialism” the loosening of rules on buying and selling homes, a change some analysts had speculated was coming.

This sounds like an effort on both the political and economic front to move in a more Chinese direction, away from personal dictatorship and toward greater economic freedom. Should be good news for the Cuban people.

Politics

Van Jones At Power Shift 2011: ‘While They’re Stuck On Stupid In DC, Your Generation Is Rising’

In a passionate keynote address on Friday, green jobs leader Van Jones exhorted the 10,000 youth climate activists at the Power Shift conference in Washington DC to “shift the power” and lead the clean power revolution. He argued that both parties need to be held accountable for their failures, and that activists must explain that the climate movement isn’t just about “hippie power” but that it is a vision of liberty and justice for all.

Van Jones had harsh words for the national political establishment. “You have to be wise enough to hold both parties to high standards,” he said:

While they’re stuck on stupid in DC, your generation is rising.

Van Jones also discussed President Barack Obama, who hired him as a green jobs adviser but then let him go after Jones’ politics and person came under a relentless barrage from Fox News’ Glenn Beck. Jones argued that President Obama is like the friend who has the potential to be an A-plus student, but is only getting C’s and D’s. Jones told the assembled youth from campuses around the nation they can be a “hero for making sure your friend gets an A-plus on his presidency.”

Van Jones described how we have a civilization “fueled by death” — fossil fuels from plants and animals that died millions of years ago:

We pull out of the ground death. We burn death in our power plants. Why do we get shocked when we get death in our sky as global warming, death in our oceans as oil spills, death in our children’s lungs as asthma and cancer?

The strongest moments of his speech came when he discussed America’s basic principles, in the context of arguing with “your uncle Joe” who watches Fox News at the Thanksgiving table. “Don’t you believe in liberty?” Van asked. “Shouldn’t we have the right as Americans to be energy producers?” he asked. “Shouldn’t we have the right and liberty to be free from energy companies who dictate how much we pay, what air we breathe?” Coal and oil companies try to divide us with cultural stereotypes and political ideology, when a green economy is actually the truly American economy:

The stereotype is that solar power is just hippie power. But it’s also cowboy power, farmer power, rancher power, and Appalachian mountain power!

Van Jones addressed the Tea Party movement that sees him as a “terrorist” and “communist.” “I’m glad our sisters and brothers in the Tea Party are talking about liberty,” he said. However, he said, they’re missing something important. The Pledge of Allegiance doesn’t just talk about liberty being integral to our nation:

The Pledge of Allegiance says liberty and justice for all!

With his voiced raised to the diverse crowd, Van Jones said “justice for all” includes justice for minorities, justice for women, justice for gays, and justice for the poor.

“Shift the power!” Van Jones concluded to thunderous applause.

Photo by Josh Lopez. Follow @PowerShift11 on Twitter.

Update

Power Shift activists staged a flashmob at a nearby BP gas station today to protest BP’s $10 billion tax refund for their “clean up” of the Gulf:


This Wednesday, on the one-year anniversary of the BP oil disaster, Power Shift activists will be asking their fellow Americans to stage protests at BP stations across the country to make them pay.


Update

,Monday morning, youth, climate, justice, and labor activists are having a Tax Day rally in front of the White House, the U.S. Chamber of Commerce, and the BP lobbying headquarters, with AFL-CIO President Richard Trumka, Cherri Foytlin of Gulf Change, and 350.org co-founder Bill McKibben.

Yglesias

Transit Oriented Punk

Spencer Ackerman asks “is there a punk or hardcore band that writes more about riding buses than Rancid?”

Probably not. But I would note that Rancid is multi-modal. To be sure, they take the 60 Bus out of downtown Campbell (headed to San Jose, perhaps) but I was also quite tickled during the one trip I ever took to the Bay Area to find myself “at the stations / Daly City train” just as the song says. If only they’d gone into greater detail about how they got from 6th street up to the corner of 52nd and Broadway. Walk up to 8th street NR stop and take the train to 49th and 7th seems most probable.

Climate Progress

Power Shift 2011 Flashmob Shuts Down BP: ‘Don’t Forget The BP Oil Disaster!’

This afternoon, hundreds of youth climate activists shut down a BP gas station with people power. The flash mob contrasted a joyous and cheerful celebration of the beauty of the Gulf Coast — beach balls, beach chairs, and palm trees — with the devastation caused by the BP oil disaster. In an exclusive interview with ThinkProgress during the protest, Tulane University student Stephanie Stefanski explains why she drove 20 hours from Louisiana to the 2011 Power Shift conference to help to shut down BP and make them pay to restore the Gulf:

There’s still oil on our coast. I saw it two weeks ago, I touched it, I smelled it. It’s still causing massive die offs with dolphins, sea turtles, crustaceans and fish. It’s causing public health issues. I’m here to tell everyone this problem is still here one year later. The beaches are still oiled. They’re trying to “make it right” by paying off the community, but it’s still destroyed. The fisheries are damaged. There’s no money in, people still don’t trust the seafood. They’re not paying up for their damages.

Stefanski is with the Gulf Restoration Network, which has a national petition to hold President Obama accountable and implement the Oil Spill Commission recommendations to ensure Louisiana and its sister states come back stronger.

One year after the Deepwater Horizon drilling rig exploded, sending 11 men to a fiery grave, BP’s crude and dispersants are still impacting the Gulf and its communities. BP has scored a $10 billion tax refund for its part in cleaning up its toxic crime. On Tax Day, Monday, April 18th, the Gulf Coast Power Shift contingent will take action in front of BP’s lobbying headquarters, and meet with their members of Congress to demand that Congress and the President act now to stop the crisis on America’s Gulf Coast, and make BP truly pay for their disaster.

“Don’t forget the BP oil disaster!” Stefanski concluded.

Update

ThinkProgress has learned that Power Shift 2011 participants are mobilizing to stage protests across the nation on Wednesday, April 20, to briefly transform BP gas stations in their communities into places of tribute to tell President Obama to make BP pay to restore the Gulf.

Yglesias

The Information

I read James Gleick’s The Information: A History, a Theory, a Flood on my Kindle ap for iPad so consequently working my way through it I had no intuitive sense of when I was approaching the end of the main narrative and the beginning of the footnotes. When I reached the end, I was surprised and saddened. That five percent reflects the fact that the execution of the conclusion is a bit off and 95 percent reflects the fact that it’s a great book I was disappointed to see end. The basic aim, fully achieved, is to situate the miraculous PC revolution of the past thirty years to a longer series of ongoing revolutions in the sphere of “information” dating back to the telephone, the telegraph, and beyond. Sporadic narrative tendrils bring you to ancient times and pre-colonization Africa, but the core focus is on the post-Morse development of modern means of storing and transmitting information and how it is we came to understand that there is such a thing.

As a bad speller, I can’t help but like this glimpse at the good old days before the standardization of English spelling:

In fact, few had any concept of “spelling”—the idea that each word, when written, should take a particular predetermined form of letters. The word cony (rabbit) appeared variously as conny, conye, conie, connie, coni, cuny, cunny, and cunnie in a single 1591 pamphlet. Others spelled it differently. And for that matter Cawdrey himself, on the title page of his book for “teaching the true writing,” wrote wordes in one sentence and words in the next.

For a critical and overly literal assessment, see Geoffrey Nunberg in The New York Times. If you like good books on technical and historical subjects, read the book.

Politics

Rep. Allen West Takes Debt Ceiling Hostage For Huge Corporate Tax Cut

Republicans have, for months, been laying out various demands that they want in exchange for voting to raise the nation’s debt ceiling, even though failure to do so would have widespread and disastrous consequences. Treasury Secretary Tim Geithner estimates that the country will reach its legal borrowing limit around May 16.

Calling it a “leverage moment,” some of the demands Republicans have cited are a balanced budget amendment to the Constitution and various versions of spending caps or cuts. Today on ABC’s This Week, Rep. Allen West (R-FL) added one more demand to the list — cutting the corporate tax rate in half:

AMANPOUR: Congressman West, do you believe it when the Secretary of the Treasury, the Chairman of the Fed, say that the stakes [regarding the debt ceiling] are this high?

WEST: Well, one of the things, having served 22 years in the United States military, I don’t believe in leadership by fear and intimidation. I think that leaders have to come up with viable solutions. I agree with one of the things [Rep.] Joe Walsh just brought up, we need to have a balanced budget amendment…But I think also, now is a great time, when we can cut our corporate business tax rate in half. Bring it from 35 percent to 20 to 22 percent because there’s a lot of capital just sitting out there that we could use to invest in long-term sustainable job growth…This is not about a debt ceiling being raised, this really comes down to a debt suggestion.

Watch it:

At the moment, corporations are making record profits and sitting on nearly $2 trillion in cash reserves. At the same time, corporate tax revenues are at historical lows and many corporations — including GE and Boeing — pay no federal corporate income tax at all. According to the Office of Management and Budget, “corporate tax receipts will account for just 7.2% of federal revenues in 2010, with large corporations contributing less than one-sixth as much as small business and individual taxpayers to the Federal Treasury.” In comparison, fifty years ago corporate tax receipts were 23 percent of federal revenue.

But West would take the credit-worthiness of the entire country hostage to drive already low corporate tax revenue even lower, making the U.S. deficit worse, not better. Several key members of the House Republican leadership — including Speaker John Boehner (R-OH) and House Budget Committee Chairman Paul Ryan (R-WI) — have already admitted that the debt ceiling needs to be raised, so, as Matt Yglesias put it, “when one side favors raising the debt ceiling and the other side also favors raising the debt ceiling, the most reasonable compromise is to raise the debt ceiling.”

Economy

Rep. Allen West Takes Debt Ceiling Hostage For Huge Corporate Tax Cut

Republicans have, for months, been laying out various demands that they want in exchange for voting to raise the nation’s debt ceiling, even though failure to do so would have widespread and disastrous consequences. Treasury Secretary Tim Geithner estimates that the country will reach its legal borrowing limit around May 16.

Calling it a “leverage moment,” some of the demands Republicans have cited are a balanced budget amendment to the Constitution and various versions of spending caps or cuts. Today on ABC’s This Week, Rep. Allen West (R-FL) added one more demand to the list — cutting the corporate tax rate in half:

AMANPOUR: Congressman West, do you believe it when the Secretary of the Treasury, the Chairman of the Fed, say that the stakes [regarding the debt ceiling] are this high?

WEST: Well, one of the things, having served 22 years in the United States military, I don’t believe in leadership by fear and intimidation. I think that leaders have to come up with viable solutions. I agree with one of the things [Rep.] Joe Walsh just brought up, we need to have a balanced budget amendment…But I think also, now is a great time, when we can cut our corporate business tax rate in half. Bring it from 35 percent to 20 to 22 percent because there’s a lot of capital just sitting out there that we could use to invest in long-term sustainable job growth…This is not about a debt ceiling being raised, this really comes down to a debt suggestion.

Watch it:

At the moment, corporations are making record profits and sitting on nearly $2 trillion in cash reserves. At the same time, corporate tax revenues are at historical lows and many corporations — including GE and Boeing — pay no federal corporate income tax at all. According to the Office of Management and Budget, “corporate tax receipts will account for just 7.2% of federal revenues in 2010, with large corporations contributing less than one-sixth as much as small business and individual taxpayers to the Federal Treasury.” In comparison, fifty years ago corporate tax receipts were 23 percent of federal revenue.

But West would take the credit-worthiness of the entire country hostage to drive already low corporate tax revenue even lower, making the U.S. deficit worse, not better. Several key members of the House Republican leadership — including Speaker John Boehner (R-OH) and House Budget Committee Chairman Paul Ryan (R-WI) — have already admitted that the debt ceiling needs to be raised, so, as Matt Yglesias put it, “when one side favors raising the debt ceiling and the other side also favors raising the debt ceiling, the most reasonable compromise is to raise the debt ceiling.”

Yglesias

Coal Is Cheap Because Of The Massive Unpriced Externalities

Paul R. Epstein, et. al., “Full cost accounting for the life cycle of coal”

Each stage in the life cycle of coal—extraction, transport, processing, and combustion—generates a waste stream and carries multiple hazards for health and the environment. These costs are external to the coal industry and are thus often considered “externalities.” We estimate that the life cycle effects of coal and the waste stream generated are costing the U.S. public a third to over one-half of a trillion dollars annually. Many of these so-called externalities are, moreover, cumulative. Accounting for the damages conservatively doubles to triples the price of electricity from coal per kWh generated, making wind, solar, and other forms of nonfossil fuel power generation, along with investments in efficiency and electricity conservation methods, economically competitive. We focus on Appalachia, though coal is mined in other regions of the United States and is burned throughout the world.

Coal-fired electricity is cheap for roughly the same reason that pulling a dine and dash at a fancy restaurant is a cheap way to get a nice dinner.

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