The German chancellor, who has also been Greece's most important champion, is facing a domestic political challenge.
It happened. Standard & Poor's downgraded Greece's long-term rating Monday to "Selective Default." And, well, the markets seem to be fine. Greece seems to be fine. The one who's really in trouble, though, is German Chancellor Angela Merkel.
The German leader has had one heck of a bad week-and-a-half, and the hits keep coming. The Greek bailout vote and the S&P downgrade are part of it. But the rotten political run began last Sunday with a confrontation that, on the surface, had absolutely nothing to do with Greece. Instead, it had to do with appointing a new German president.
The president of Germany is, in theory, elected: the members of the German parliament--the Bundestag--together with various delegates from the German states form the Federal Convention, who choose the president by secret ballot. But such is the power of coalition politics that the president, in practice, is more or less appointed, following a flurry of activity behind the scenes among whichever parties jointly hold a majority.
The old president of Germany, Christian Wulff, resigned February 17 over corruption allegations involving a loan, after having said for months that no resignation would be necessary. Merkel's reigning coalition, made up of her own Christian Democratic Union, its sister the Christian Social Union, and the Free Democratic Party, then had to come up with a successor.
It turns out, though, that FDP chairman and German vice chancellor Philipp Rösler came to his 5pm Sunday meeting with Merkel looking for a fight. Anonymous sources told Der Spiegel that Rösler came to the meeting having already gotten a unanimous vote from FDP leadership for Joachim Gauck as a candidate--the very Joachim Gauck whom Merkel had rejected for the presidency in 2010 and whom both she and her party were against this time around as well. Though Merkel and the FDP have tussled quite a bit in the past few months--Der Spiegel's team phrases it as "Merkel has humiliated the FDP repeatedly," while "the FDP has done nothing to defend itself"--the opposition took Merkel by surprise. Rösler apparently left the chancellor no choice: if the CDU/CSU voted for their candidate, Christian Töpfer, the FDP would vote with the Social Democratic Party and the Greens, effectively ending the coalition through which Merkel has governed.
So that was Sunday, February 12. The following Tuesday, European leaders finally settled the terms of a second bailout for Greece. It was greeted in Germany, as I explained last week, with very little enthusiasm. That is to say: half a dozen op-eds suggested it's a losing battle, a few wanted to drop the project entirely, and another half dozen pleaded for patience while Greece gets its stuff together. Given that European solidarity is Merkel's signature issue, the waning public enthusiasm wasn't a good sign.
A poll quantified that waning enthusiasm: Sunday, February 26 weekly newspaper edition Bild am Sonntag reported an Emnid Institute poll showing 62 percent of Germans opposed the bailout--up from 53 percent in September.
But that wasn't the only blow Merkel was to receive over the weekend. Evidently unknown to her, her interior minister Hans-Peter Friedrich, had also given an interview to Der Spiegel in which he came out in favor of Greece exiting the euro. When the interview was published on Monday, Merkel was then had to rebuke her own minister by announcing that she "[didn't] share this view," while Friedrich, presumably after some awkward behind-scenes shuffling, tried in Der Spiegel's words "to distance himself from his own statements." Happy Monday.
Then came vote time: the Bundestag had to approve the bailout package. Though the package passed, it did so without an absolute majority, and with 17 of Merkel's own coalition members defecting. That was enough for opposition leader Frank-Walter Steinmeier, a member of Merkel's previous coalition with his SPD party, to declare Tuesday that "the collapse of the [current] coalition is in full swing." In remarks made to Der Tagesspiegel, he announced: "this is the twilight of the chancellor."
And now S&P has downgraded the Greek debt, not just despite the bailout package, but because of it. Greek default may always have been on the horizon, but the immediate "Selective Default" rating on the long-term debt seems unlikely to play well in public opinion.
Let's not be too hasty to accept the words of a man who is, for now at least, Merkel's adversary. Merkel has proved a canny operator on more than one occasion, and Steinmeier has every incentive to declare her coalition done-for as soon as possible. That said, this is not looking good. Athens and the markets may be weathering the downgrade all right for now, but their champion is taking some hits. And Merkel is the Greek champion right now, much though rioting Athenians despise her for the austerity measures they've been forced to accept: for over a year now Merkel's been the keystone in the European effort to break Greece's staggering financial fall.
So take the markets' nonchalance about S&P's downgrade with a grain of salt. Greece was probably always headed towards default, and it may even already be set to leave the euro. But how hard the country hits the ground makes a big difference, and Merkel is a big factor in how hard Greece hits the ground. Right now, she's looking a little shaky.
Ted Cruz suspends his campaign after losing Indiana, all but assuring the front-runner of the Republican nomination.
“Republican nominee Donald Trump.”
That phrase, once the stuff of fantasy, is now all but set in stone. The entertainer scored a huge victory on Tuesday in Indiana, as Senator Ted Cruz of Texas announced that he was ending his bid for president after being routed in the Hoosier State.
Trump will be the first major-party nominee without prior experience in elected office since General Dwight Eisenhower in 1952. With most of the vote in, Trump was on course to win around a large majority of the state’s 57 delegates. Those numbers, the subject of obsessive calculation and analysis over the last month, have now become somewhat academic. With Cruz out of the race, Trump is effectively assured of winning a majority of the delegates ahead of the July Republican National Convention in Cleveland.
Rampant drug use in Austin, Indiana—coupled with unemployment and poor living conditions—brought on a public-health crisis that some are calling a “syndemic.”
Jessica and Darren McIntosh were too busy to see me when I arrived at their house one Sunday morning. When I returned later, I learned what they’d been busy with: arguing with a family member, also an addict, about a single pill of prescription painkiller she’d lost, and injecting meth to get by in its absence. Jessica, 30, and Darren, 24, were children when they started using drugs. Darren smoked his first joint when he was 12 and quickly moved on to snorting pills. “By the time I was 13, I was a full-blown pill addict, and I have been ever since,” he said. By age 14, he’d quit school. When I asked where his caregivers were when he started using drugs, he laughed. “They’re the ones that was giving them to me,” he alleged. “They’re pill addicts, too.”
A professor of cognitive science argues that the world is nothing like the one we experience through our senses.
As we go about our daily lives, we tend to assume that our perceptions—sights, sounds, textures, tastes—are an accurate portrayal of the real world. Sure, when we stop and think about it—or when we find ourselves fooled by a perceptual illusion—we realize with a jolt that what we perceive is never the world directly, but rather our brain’s best guess at what that world is like, a kind of internal simulation of an external reality. Still, we bank on the fact that our simulation is a reasonably decent one. If it wasn’t, wouldn’t evolution have weeded us out by now? The true reality might be forever beyond our reach, but surely our senses give us at least an inkling of what it’s really like.
It’s a paradox: Shouldn’t the most accomplished be well equipped to make choices that maximize life satisfaction?
There are three things, once one’s basic needs are satisfied, that academic literature points to as the ingredients for happiness: having meaningful social relationships, being good at whatever it is one spends one’s days doing, and having the freedom to make life decisions independently.
But research into happiness has also yielded something a little less obvious: Being better educated, richer, or more accomplished doesn’t do much to predict whether someone will be happy. In fact, it might mean someone is less likely to be satisfied with life.
That second finding is the puzzle that Raj Raghunathan, a professor of marketing at The University of Texas at Austin’s McCombs School of Business, tries to make sense of in his recent book, If You’re So Smart, Why Aren’t You Happy?Raghunathan’s writing does fall under the category of self-help (with all of the pep talks and progress worksheets that that entails), but his commitment to scientific research serves as ballast for the genre’s more glib tendencies.
The Democratic U.S. presidential candidate secured a win over Hillary Clinton when he desperately needed it.
Updated at 10:30 p.m. Eastern on May 3, 2016
Bernie Sanders just got the victory he desperately needed. The Democratic presidential candidate won in the Indiana Democratic primary on Tuesday, which will give him to the momentum he needs to stay in the race and fight on.
The victory does not not fundamentally change the trajectory of the Democratic race, in which Hillary Clinton holds a commanding lead in the all-important delegate count. But it offers some much-needed enthusiasm to the Sanders campaign at a crucial moment. After a string of defeats in Northeastern primary states last month, Sanders attempted to reframe the terms of the race, suggesting that even if he does not win the White House, he might still claim victory if he can leave a progressive stamp on the Democratic party platform.
Does the presumptive Republican nominee see African Americans and Hispanics as part of the American “we”?
Celebrating his big win in Indiana—and his elevation to presumptive nominee of the Republican Party—Tuesday night, Donald Trump spoke at Trump Tower in New York City, where he delivered a promise to heal the deep fractures in his party.
“We want to bring unity to the Republican Party,” he said. “We have to bring unity. It's so much easier if we have it.”
That will be a tall order. But as a general-election candidate, Trump will need to win over more than just Republicans. In his inimitable way, he pledged to bring together the rest of the nation as well.
“We're going to bring back our jobs, and we're going to save our jobs, and people are going to have great jobs again, and this country, which is very, very divided in so many different ways, is going to become one beautiful loving country, and we're going to love each other, we're going to cherish each other and take care of each other, and we're going to have great economic development and we're not going to let other countries take it away from us, because that's what's been happening for far too many years and we're not going to do it anymore,” he said. (That’s a single sentence, if you’re keeping track at home.)
Nearly half of Americans would have trouble finding $400 to pay for an emergency. I’m one of them.
Since 2013,the Federal Reserve Board has conducted a survey to “monitor the financial and economic status of American consumers.” Most of the data in the latest survey, frankly, are less than earth-shattering: 49 percent of part-time workers would prefer to work more hours at their current wage; 29 percent of Americans expect to earn a higher income in the coming year; 43 percent of homeowners who have owned their home for at least a year believe its value has increased. But the answer to one question was astonishing. The Fed asked respondents how they would pay for a $400 emergency. The answer: 47 percent of respondents said that either they would cover the expense by borrowing or selling something, or they would not be able to come up with the $400 at all. Four hundred dollars! Who knew?
The billionaire’s bid for the nomination was opposed by many insiders—but his success reveals the ascendance of other elements of the party coalition.
In The Party Decides, an influential book about how presidential nominees are selected, political scientists John Zaller, Hans Noel, David Karol, and Marty Cohen argue that despite reforms designed to wrest control of the process from insiders at smoke-filled nominating conventions, political parties still exert tremendous influence on who makes it to general elections. They do so partly through “invisible primaries,” the authors posited—think of how the Republican establishment coalesced around George W. Bush in 2000, long before any ballots were cast, presenting him as a fait accompli to voters who’d scarcely started to think about the election; or how insider Democrats elevated Hillary Clinton this election cycle.
A claymation video with a grim plot line accompanies a blessedly straightforward if nerve-wracking tune.
Radiohead’s music often works like a puzzle, and it’s not clear whether many people ever solved the one posed by their 2011 album, The King of Limbs, whose funereal swirl only fleetingly provided the beauty and pop payoff that defined the band’s previous work.
Today’s new Radiohead song, “Burn the Witch,” blessedly does not hide its power. Sonically novel yet viscerally moving, gorgeous yet terrifying, it is the sound of Radiohead returning to do what it exists to do. The video is a claymation retelling of The Wicker Man, in which a police officer arrives at a town that is—spoiler alert!—secretly preparing to burn him in a ritual sacrifice. Thom Yorke’s lyrics speak of the kind of mass action and complacency that allows such a crime and, the logic probably goes, many other cruelties committed by societies.
The U.S. president talks through his hardest decisions about America’s role in the world.
Friday, August 30, 2013, the day the feckless Barack Obama brought to a premature end America’s reign as the world’s sole indispensable superpower—or, alternatively, the day the sagacious Barack Obama peered into the Middle Eastern abyss and stepped back from the consuming void—began with a thundering speech given on Obama’s behalf by his secretary of state, John Kerry, in Washington, D.C. The subject of Kerry’s uncharacteristically Churchillian remarks, delivered in the Treaty Room at the State Department, was the gassing of civilians by the president of Syria, Bashar al-Assad.