Roubini Warns of ‘Perfect Storm’ for U.S. Economy in 2020

Not exactly a surprise. Supply-side “solutions” used to justify tax breaks for corporations and the wealthy have never resulted in anything other than recession. Roubini explains his analysis more clearly and thoroughly than I might. Watch the video. Bloomberg has blocked linking directly; but, you can click through to YouTube.

Yes, Roubini’s a conservative economist. In this instance, his prediction of doom and gloom is founded on the track record of Republicans who try this every decade or so – and fail each time.

Trump appointed a judge who actually pays attention to the Constitution

❝ A federal district judge who was appointed by President Donald Trump has upheld Robert Mueller’s appointment and constitutional authority in the special counsel’s case against Russian social media propagandists.

❝ “The appointment does not violate core separation-of-powers principles. Nor has the Special Counsel exceeded his authority under the appointment order by investigating and prosecuting Concord,” Dabney Friedrich wrote in an opinion published Monday morning. She was one of the first judges Trump placed into a federal court position.

Friedrich cited opinions by three other federal judges — Amy Berman Jackson, who oversees Paul Manafort’s criminal foreign lobbying case; T.S. Ellis, who oversees Manafort’s financial fraud case; and DC District Court Chief Judge Beryl Howell — to back up her decision.

All three judges also denied requests to invalidate Mueller’s authority…

Trump really has a problem with folks well enough educated to quality for their jobs. Especially when that education tends to support historic progress rather than regressive class-based retreat.

Fighting wildfires is becoming more and more expensive

❝ Just six months after the devastating Thomas Fire – the largest blaze in California’s history – was fully contained, the 2018 fire season is well under way. As of mid-July, large wildfires had already burned over 1 million acres in a dozen states. Through October, the National Interagency Fire Center predicts above-average wildfire activity in many regions, including the Northwest, Interior West and California.

Rising fire suppression costs over the past three decades have nearly destroyed the U.S. Forest Service’s budget. Overall funding for the agency, which does most federal firefighting, has been flat for decades, while fire suppression costs have grown dramatically.

❝ Earlier this year Congress passed a “fire funding fix” that changes the way in which the federal government will pay for large fires during expensive fire seasons. This is vital for helping to restore the Forest Service budget. But the funding fix doesn’t affect the factors that drive costs, such as climate trends and more people living in fire prone landscapes…

Why are costs increasing so dramatically? Many factors have come together to create a perfect storm. Climate change, past forest and fire management practices, housing development, increased focus on community protection and the professionalization of wildfire management are all driving up costs.

What can we expect as a response from a Congress that as presently constituted answers mostly to a base that wants fewer costs, no taxes and, of course, no responsibility for any environment?

Milestone: In 2016, wind generated more power than coal in the UK

❝ During most years since the industrial revolution, the UK has relied on coal to produce the lion’s share of its energy (in the past 10, gas has been top some years, and coal others). But in just three years the dominance of the most polluting energy source has declined to such an extent that full-year figures for 2016 show it was overtaken by wind power for total power generation…

❝ The change is momentous, and by no means accidental. European policy has mandated for the closing or retrofitting of many coal plants, with the UK recently announcing all its plants would close by 2025. Some plants, like the UK’s Drax, the biggest coal power station in Europe, have responded by moving to the burning of wood — which has its own issues. The replacement of coal with cleaner ways of generating power is a key part of the global effort to fight climate change.

❝ In most countries with large populations, renewables still can’t provide enough constant “baseload” power to allow them to replace older technologies. Many countries, the UK included, are therefore moving heavily from coal to gas. Gas is still a fossil fuel, but it’s much less damaging to the environment than coal, so planners hoping to deploy more renewables can use it as a “bridge” to an even cleaner future. Other countries, like France, have invested heavily in nuclear as a means to move away from emissions-heavy power…

❝ And for its part, China is investing massively in renewable energy. It’s still heavily reliant on coal power, but it overtook all other countries to become the biggest spender on renewable technology in 2014, and recently pledged to spend $361 billion on the technologies by 2020.

Advancing such progress in the United States will come to a halt for the next four years – as far as federal projects and the Trumpublicans are concerned. That doesn’t mean a halt to progress. Cities, states and individuals will continue to demonstrate good sense – both in terms of environment and common $ense.

The jobs killer isn’t China — it’s automation and it ain’t going away!

❝ The first job that Sherry Johnson, 56, lost to automation was at the local newspaper in Marietta, Ga., where she fed paper into the printing machines and laid out pages. Later, she watched machines learn to do her jobs on a factory floor making breathing machines, and in inventory and filing.

“It actually kind of ticked me off because it’s like, How are we supposed to make a living?” she said. She took a computer class at Goodwill, but it was too little too late. “The 20- and 30-year-olds are more up to date on that stuff than we are because we didn’t have that when we were growing up,” said Ms. Johnson, who is now on disability and lives in a housing project in Jefferson City, Tenn.

❝ Donald J. Trump told workers like Ms. Johnson that he would bring back their jobs by clamping down on trade, offshoring and immigration. But economists say the bigger threat to their jobs has been something else: automation.

“Over the long haul, clearly automation’s been much more important — it’s not even close,” said Lawrence Katz, an economics professor at Harvard who studies labor and technological change.

❝ No candidate talked much about automation on the campaign trail. Technology is not as convenient a villain as China or Mexico, there is no clear way to stop it, and many of the technology companies are in the United States and benefit the country in many ways…

❝ When Greg Hayes, the chief executive of United Technologies, agreed to invest $16 million in one of its Carrier factories as part of a Trump deal to keep some jobs in Indiana instead of moving them to Mexico, he said the money would go toward automation.

“What that ultimately means is there will be fewer jobs,” he said…

❝ The changes are not just affecting manual labor: Computers are rapidly learning to do some white-collar and service-sector work, too. Existing technology could automate 45 percent of activities people are paid to do, according to a July report by McKinsey. Work that requires creativity, management of people or caregiving is least at risk.

❝ Ms. Johnson in Tennessee said both her favorite and highest-paying job, at $8.65 an hour, was at an animal shelter, caring for puppies.

It was also the least likely to be done by a machine, she said: “I would hope a computer couldn’t do that, unless they like changing dirty papers and giving them love and attention.”

Given time. I don’t doubt an appropriate robot will be designed to at least give the appearance of giving love and attention. The question still comes back to a society, a government, elected officials who care enough about people before profits to rearrange political economy to allow us all a share in the new automated prosperity.

Stephen King nailed the elemental difference between Trump and Obama

screen-shot-2017-01-05-at-5-49-27-pm

❝ A sense of humor, appreciation of a good joke, knowing when to let the stupid ones go, and the ability to tell the difference is a very basic part of human socialization and the ability to interact with others. Donald Trump’s inability to do so is a central part of his character, and everything he’s ever done is an indication that he possesses the dullest of minds, a feeble flesh so consumed with superficiality and the selfishness of ego, so obsessed with the perceptions of others and protecting the fragile shell of his self-worth that he is incapable of appreciating the wonders and the miracles that five thousand years of human civilization have to offer to him. This leaves him devoid of leadership qualities. More significantly, since he has a fundamental lack of appreciation for what our country is and what it can produce and what people have to offer, how can he be trusted to guide this nation into the future?

No wonder he can’t take a joke.

Thanks, UrsaRodinia

Is there a Religious Left in America?


Click to enlarge

❝ The religious left is the Sasquatch of American politics. It leaves footprints in the snow but recent sightings of the creature itself are rare, and not always credible.

Progressive politics is dominated by secular ideals and, increasingly, secular voters. In recent decades, the words “Christian” and “evangelical” have been commandeered as synonyms for “white conservative.” Religious liberals never achieved the power of their conservative opposites…The once-explosive growth of conservative evangelicals has stalled. Yet the religious left doesn’t appear to be benefiting much.

Instead, the ranks of the religiously unaffiliated are growing. A 2016 report by the Public Religion Research Institute stated: “Today, one-quarter (25 percent) of Americans claim no formal religious identity, making this group the single largest ‘religious group’ in the U.S.”

❝ Yet if ever there were a moment for the left to seize the mantle of religion from conservatives, surely it arrives Jan. 20 at noon. Donald Trump received the votes of four in five white evangelical or born-again Christians. Hypocrisy is as old as humanity, but even hypocrisy has a gross weight limit.

Christian conservatives are now inextricably tied to an incoming president with a long, public history of exploiting the weak, and no documented history of charity, faith or Christian communion or witness. They have endorsed a First Lady whose modeling career included a pornographic photo shoot described by the Trump-friendly New York Post as “girl on girl.” Even among the plaster saints of the religious right, Trump is a heavy burden to bear.

❝ Sojourners is one of the groups seeking to rally the religious left. “Our Constitution’s protection of religious freedom empowers faith institutions to oppose state-sanctioned bigotry and violence and creates strong sanctuaries for those Jesus called the ‘least of these’ in Matthew 25,” said Lisa Sharon Harper…

A coalition of groups has launched the “Matthew 25” initiative to fight an expected barrage of federal policies targeting the most vulnerable — including the poor, immigrants and Muslims. “These people are organizing under the banner of Jesus,” Harper said.

❝ In North Carolina, the liberal “Moral Mondays” movement has been partially credited with the election in November of Democrat Roy Cooper as governor. The success of the movement — named for weekly public demonstrations against the conservative legislature and incumbent governor — is a powerful precedent. It gained momentum not only because of charismatic religious leadership, but because of unusually aggressive Republican efforts to undermine voting rights and cut funding for education and services…

❝ Trump’s regular shocks to decency, along with an expected Republican assault on funding for the poor, will outrage both secular liberals and the religious left. But will that be enough to bring the left’s religious Sasquatch out of hiding?

I have no idea. Being an old cranky geek, I’m less likely to find myself marching than blogging, nowadays.

There was a time when I could count on cellmates who were priests, partners canvassing door-to-door who were nuns, family and friends who learned childhood ethics in Protestant Yankee denominations who dedicated time and effort to the betterment of life on earth – instead of preaching faith in Wall Street dollar$ over old-timey Christian values.

I wish Sojourners well. Same to the brave folks leading the activism of Moral Monday in Confederate and other Republican states. I respect your courage and integrity. As I always have. But, I surely wish you had more friends.