European public figures are deeply concerned about the chance that China might want to make a big contribution to their rescue fund
A Chinese policeman on duty in front of the European Union delegation to China in Beijing / AP
It's fascinating to watch European public figures freak out over a possible "bailout" from China. Though the president of the European Central Bank, according to the BBC, "has denied that eurozone countries are going 'cap in hand' to China" to raise money for their rescue fund, clearly this is exactly what others think is going on, and they're far from okay with it.
Nicolas Dupont-Aignant, a current candidate for the French presidency, has called potential Chinese assistance "dirty money," saying China "exploits its people" and is "a Communist dictatorship." Granted, Dupont-Aignant isn't quite mainstream, being the leader of the Gaullist, euroskeptic Debout la République party. But the Socialist candidate for president, Francois Hollande, has also come out against the plan. "Can we imagine that China ... were it to come to the aid of the euro zone, would do so without any compensation?" he's asked. The French Le Monde has reported that he sees the proposal as an "admission of weakness."
Meanwhile, the head of Germany's BDI, or Federation of German Industries, has gone on-record in a German-language interview in Der Spiegel to say that "if we in Europe so organize the stabilization of the euro that we allow political influence from outside, then we make a great mistake." Elsewhere, German newspapers worry about China itself having financial troubles ill reflected in the "official figures."
What's so interesting, of course, is that the U.S. is already highly dependent on Chinese money. It's hard to think of the last time American leaders got publicly worked up over this, even though plenty of experts have expressed concern. The standard balm to American worries is the same one currently on offer in Europe: China needs the American and European markets just as the U.S., and now Europe, need ready cash. There's a limit to how much the Chinese, according to this argument, are likely to mess with us. They're not, for example, going to pull all their money out in one go.
Why are Europeans so much more anxious about relying on China? There are a couple of obvious explanations. The first is that, for Europeans, this will be a new form of reliance on China -- the U.S. dependence has been going on for a while, so it would be odd for Americans to be similarly excited. It's also a more clear-cut decision to debate than when, for example, China started buying up American dollars by the tanker.
But that's not the most satisfying explanation, not least because some American experts think China bailing out Europe is kind of a great idea. Fareed Zakaria is for it, saying this is China's "opportunity to become a 'responsible stakeholder.'" While others, as The Atlantic's own Max Fisher has pointed out, are a bit jittery at what looks like an emerging Chinese lending policy consciously geared towards political influence, the overall response trend appears, as Fisher's own considered argument demonstrates, to be one of practical acceptance.
So is the difference a result of something else? Xenophobia, perhaps? A more conscious West-versus-rest attitude, given that Europeans don't have the same sense as we do of American exceptionalism? Or does Europe just have more vibrant public debate about policy issues? Your choice of explanation may well rest on your attitude towards free market issues and China itself. One thing's for sure: there's nothing like this kind of outcry from Europe to highlight what's not being talked about in the States. Sure, there are occasional op-eds or candidate sound bites that broach the issue. But when you see how potential new debtors in Europe approach it, that looks like breezy indifference.
The talk-radio host claims that he never took Donald Trump seriously on immigration. He neglected to tell his immigration obsessed listeners.
For almost a decade, I’ve been angrily documenting the way that many right-wing talk-radio hosts betray the rank-and-file conservatives who trust them for information. My late grandmother was one of those people. She deserved better than she got. With huge platforms and massive audiences, successful hosts ought to take more care than the average person to be truthful and avoid misinforming listeners. Yet they are egregiously careless on some days and willfully misleading on others.
And that matters, as we’ll come to see.
Rush Limbaugh is easily the most consequential of these hosts. He has an audience of millions. And over the years, parts of the conservative movement that ought to know better, like the Claremont Institute, have treated him like an honorable conservative intellectual rather than an intellectually dishonest entertainer. The full cost of doing so became evident this year, when a faction of populists shaped by years of talk radio, Fox News, and Breitbart.com picked Donald Trump to lead the Republican Party, a choice that makes a Hillary Clinton victory likely and is a catastrophe for movement conservatism regardless of who wins.
The 49ers quarterback won’t stand for the national anthem anymore.
San Francisco 49ers quarterback Colin Kaepernick’s refusal to stand for the national anthem before games as a protest against recent high-profile incidents of police brutality and racial injustice have been met with criticism and protests, but is an important step for a league where professional athletes rarely speak out on such issues.
Kaepernick was noticed sitting down during the playing of “The Star Spangled Banner” in a preseason game Friday. When asked by a reporter about his actions, he said:
I am not going to stand up to show pride in a flag for a country that oppresses black people and people of color. To me, this is bigger than football and it would be selfish on my part to look the other way. There are bodies in the street and people getting paid leave and getting away with murder.
What looks at first glance like an opening up of possibilities is actually an attack on the human imagination.
You might not like what I’m about to say about the multiverse. But don’t worry; you’ve already had your revenge. If there are an infinite number of parallel universes, there will be any number of terrible dictatorships, places where life has become very difficult for people who like to string words together. Somewhere out there, there’s a society in which every desperate little essay like this one comes with a tiny, unremarkable button: push it, and the author will be immediately electrocuted to death.
Maybe your hate is more visceral—you already know I’ll die some day, but you want to see it happen; you need to see me groveling. You can if you want. Fly upwards from the plane of our solar system, keep on going, through the endless huddles of galaxies, never forgetting your purpose, until space and time run out altogether. Eventually you’ll find yourself in another universe, on a damp patch of grass and broken concrete, unwatched by whatever local gang or galactic empire rules the city rising in foggy shapes beyond the marshes. There, you’ll see a creature strangely similar to yourself, beating me to death with whatever bits of scrap are lying around.
As pay TV slowly declines, cable news faces a demographic cliff. And nobody has further to fall than the merchant of right-wing outrage.
Updated at 12:05 p.m.
October 7, 2016, will be the 20th birthday of the Fox News Channel, and at the moment, the network is experiencing the soap-operatic highs and lows typical of any teenager on television. In many ways, the summer of 2016 may go down in Fox News history as the company’s nadir. Its founder and leader Roger Ailes has been dishonorably dispatched, the remaining executives are dealing with a flurry of sexual harassment lawsuits, and one of its most public faces, Sean Hannity, has ignominiously remodeled himself as a gutless Trump whisperer.
And yet Fox News’ fortunes are ascendant, at least in the most quantifiable sense. The network’s annual profit in 2015 soared by about 20 percent. For the first time ever, Fox News has been the most-watched cable network among both primetime and daytime viewers for several months, with a larger audience than its nominal rivals, CNN and MSNBC, combined. Led by “The O'Reilly Factor,” Fox News doesn’t just have the best-rated news show on cable television; according to The Wrap, it has the 13 best-rated news shows on cable television.
Marketing ditties once had a distinctive, hokey sound, but today’s advertisers have ditched them for standard pop songs.
Most Americans can recite their share of jingles. Perhaps they can’t remember their partner’s cell phone number, but they know every digit required to reach Empire carpet. Or every word of “I’m a Toys ‘R Us Kid.” Or that the best part of waking up is Folgers in their cup.
And yet, despite its effectiveness, the jingle has become a relic of the mid-20th-century commercials it once dominated. Today’s pop songs and yesterday’s classics have effectively replaced the jingle: A Kanye West song plays in an ad for Bud Light Platinum, Lady Gaga’s “Applause” is a party anthem for the Kia Soul’s spokeshamsters, and a Bob Dylan track helps advertise Victoria’s Secret. Amid all this, Oscar Mayer decided to retire two of the most popular jingles of all time, “My Bologna Has a First Name” and “I Wish I Was an Oscar Mayer Weiner.” In 2010, the company announced a new ad campaign, sans the old tunes. “What we did not want to do was write jingles,” an ad exec told The New York Times.
A new anatomical understanding of how movement controls the body’s stress response system
Elite tennis players have an uncanny ability to clear their heads after making errors. They constantly move on and start fresh for the next point. They can’t afford to dwell on mistakes.
Peter Strick is not a professional tennis player. He’s a distinguished professor and chair of the department of neurobiology at the University of Pittsburgh Brain Institute. He’s the sort of person to dwell on mistakes, however small.
“My kids would tell me, dad, you ought to take up pilates. Do some yoga,” he said. “But I’d say, as far as I’m concerned, there's no scientific evidence that this is going to help me.”
Still, the meticulous skeptic espoused more of a tennis approach to dealing with stressful situations: Just teach yourself to move on. Of course there is evidence that ties practicing yoga to good health, but not the sort that convinced Strick. Studies show correlations between the two, but he needed a physiological mechanism to explain the relationship. Vague conjecture that yoga “decreases stress” wasn’t sufficient. How? Simply by distracting the mind?
The European Commission ordered Ireland to recover up to 13 billion euros ($14.5 billion) from the tech giant over what it called “illegal tax benefits.”
NEWS BRIEF Ireland’s tax incentives to Apple are illegal and Dublin must recover up to 13 billion euros ($14.5 billion) from the American tech giant, the European Commission ruled Tuesday.
Here’s more from Margrethe Vestager, the commissioner in charge of competition policy:
Member States cannot give tax benefits to selected companies – this is illegal under EU state aid rules. The Commission's investigation concluded that Ireland granted illegal tax benefits to Apple, which enabled it to pay substantially less tax than other businesses over many years. In fact, this selective treatment allowed Apple to pay an effective corporate tax rate of 1 per cent on its European profits in 2003 down to 0.005 per cent in 2014.
Why did the company trend a false article about Megyn Kelly?
Oh, Facebook. Just when the company seems to have avoided the responsibility of being a news organization (and all the attendant controversy), it finds itself back in the editorial muck.
Last week, Facebook made a surprise overhaul of its “Trending Stories” feature, the sidebar that highlights some of the most popular news stories on Facebook. Where the company had previously provided a short, human-written summary of the news at hand, it now only described the story in a one or two-word phrase: “#Toyko2020: Japanese Prime Minister Appears in Surprise Performance During Rio Ceremony,” became just “#Tokyo2020.”
Facebook’s decision to simplify the feature seemed like an attempt to wriggle out of editorial responsibility: What had been a messy human-led process would now become an algorithm-guided one. The company also laid off the 26 employees who had run the feature—19 curators and seven copyeditors—with little warning on Friday, according to Quartz.
Hillary Clinton has her problems, but Donald Trump is unfit for the presidency.
On one hand, there’s former Secretary of State Hillary Clinton, who oversaw “grossly inadequate” security at a diplomatic facility in Benghazi, Libya, the site of a deadly September 11, 2012, terrorist attack.
Practices meant to protect marginalized communities can also ostracize those who disagree with them.
Last week, the University of Chicago’s dean of students sent a welcome letter to freshmen decrying trigger warnings and safe spaces—ways for students to be warned about and opt out of exposure to potentially challenging material. While some supported the school’s actions, arguing that these practices threaten free speech and the purpose of higher education, the note also led to widespread outrage, and understandably so. Considered in isolation, trigger warnings may seem straightforwardly good. Basic human decency means professors like myself should be aware of students’ traumatic experiences, and give them a heads up about course content—photographs of dead bodies, extended accounts of abuse, disordered eating, self-harm—that might trigger an anxiety attack and foreclose intellectual engagement. Similarly, it may seem silly to object to the creation of safe spaces on campus, where members of marginalized groups can count on meeting supportive conversation partners who empathize with their life experiences, and where they feel free to be themselves without the threat of judgment or censure.