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.
California Representative Adam Schiff, the ranking Democrat on the House Intelligence Committee, has decided to come out in favor of the nuclear agreement.
Earlier this year, California Representative Adam Schiff, the ranking Democrat on the House Intelligence Committee, told me he had serious doubts about Iran’s intentions as it pursued a nuclear deal with the United States and five other world powers. He also said he was somewhat worried about the scale of possible American concessions during the talks. Schiff, who I described in a post at the time as a “moderate’s moderate,” suggested to me that he wanted to see President Obama achieve an important foreign-policy success, but as a Jew, he wanted to make sure that an anti-Semitic regime—both he and Obama agree that Iran is ruled by an anti-Semite—would not be allowed to become a nuclear-weapons state. At the time, he told me he was “uncommitted” and that he would “remain uncommitted” until he had time to review a final deal, should a final deal materialize.
Writing used to be a solitary profession. How did it become so interminably social?
Whether we’re behind the podium or awaiting our turn, numbing our bottoms on the chill of metal foldout chairs or trying to work some life into our terror-stricken tongues, we introverts feel the pain of the public performance. This is because there are requirements to being a writer. Other than being a writer, I mean. Firstly, there’s the need to become part of the writing “community”, which compels every writer who craves self respect and success to attend community events, help to organize them, buzz over them, and—despite blitzed nerves and staggering bowels—present and perform at them. We get through it. We bully ourselves into it. We dose ourselves with beta blockers. We drink. We become our own worst enemies for a night of validation and participation.
Two hundred fifty years of slavery. Ninety years of Jim Crow. Sixty years of separate but equal. Thirty-five years of racist housing policy. Until we reckon with our compounding moral debts, America will never be whole.
And if thy brother, a Hebrew man, or a Hebrew woman, be sold unto thee, and serve thee six years; then in the seventh year thou shalt let him go free from thee. And when thou sendest him out free from thee, thou shalt not let him go away empty: thou shalt furnish him liberally out of thy flock, and out of thy floor, and out of thy winepress: of that wherewith the LORD thy God hath blessed thee thou shalt give unto him. And thou shalt remember that thou wast a bondman in the land of Egypt, and the LORD thy God redeemed thee: therefore I command thee this thing today.
— Deuteronomy 15: 12–15
Besides the crime which consists in violating the law, and varying from the right rule of reason, whereby a man so far becomes degenerate, and declares himself to quit the principles of human nature, and to be a noxious creature, there is commonly injury done to some person or other, and some other man receives damage by his transgression: in which case he who hath received any damage, has, besides the right of punishment common to him with other men, a particular right to seek reparation.
In departing from the religious rhetoric of hope and focusing on the “struggle,” Ta-Nehisi Coates retains the ability to relate to his multiple audiences.
When you review Ta-Nehisi Coates in The Atlantic lots of people email you to tell you what you should have said. In this final installment of the Between the World and Me Book Club, I’m exercising some privilege by responding to some of that feedback.
Many white readers seem confused about my interpretation of the book as two texts in the first of three essays. To put a finer point on that, this book’s primary audience is white people. That is not to say that the book doesn’t also appeal to other readers, but rather, that the literary device of a book written as an open letter describes a racial reality that would only surprise white readers. And Coates goes about filling in those holes with remarkable effect for all readers. For example, Coates’s parental anxieties translate into a brilliantly bracing critique of capitalism that deftly links the history of enslaved labor to everything from global inequality to climate change.
The Islamic State is no mere collection of psychopaths. It is a religious group with carefully considered beliefs, among them that it is a key agent of the coming apocalypse. Here’s what that means for its strategy—and for how to stop it.
What is the Islamic State?
Where did it come from, and what are its intentions? The simplicity of these questions can be deceiving, and few Western leaders seem to know the answers. In December, The New York Times published confidential comments by Major General Michael K. Nagata, the Special Operations commander for the United States in the Middle East, admitting that he had hardly begun figuring out the Islamic State’s appeal. “We have not defeated the idea,” he said. “We do not even understand the idea.” In the past year, President Obama has referred to the Islamic State, variously, as “not Islamic” and as al-Qaeda’s “jayvee team,” statements that reflected confusion about the group, and may have contributed to significant strategic errors.
Even when a dentist kills an adored lion, and everyone is furious, there’s loftier righteousness to be had.
Now is the point in the story of Cecil the lion—amid non-stop news coverage and passionate social-media advocacy—when people get tired of hearing about Cecil the lion. Even if they hesitate to say it.
But Cecil fatigue is only going to get worse. On Friday morning, Zimbabwe’s environment minister, Oppah Muchinguri, called for the extradition of the man who killed him, the Minnesota dentist Walter Palmer. Muchinguri would like Palmer to be “held accountable for his illegal action”—paying a reported $50,000 to kill Cecil with an arrow after luring him away from protected land. And she’s far from alone in demanding accountability. This week, the Internet has served as a bastion of judgment and vigilante justice—just like usual, except that this was a perfect storm directed at a single person. It might be called an outrage singularity.
The Wall Street Journal’s eyebrow-raising story of how the presidential candidate and her husband accepted cash from UBS without any regard for the appearance of impropriety that it created.
The Swiss bank UBS is one of the biggest, most powerful financial institutions in the world. As secretary of state, Hillary Clinton intervened to help it out with the IRS. And after that, the Swiss bank paid Bill Clinton $1.5 million for speaking gigs. TheWall Street Journal reported all that and more Thursday in an article that highlights huge conflicts of interest that the Clintons have created in the recent past.
The piece begins by detailing how Clinton helped the global bank.
“A few weeks after Hillary Clinton was sworn in as secretary of state in early 2009, she was summoned to Geneva by her Swiss counterpart to discuss an urgent matter. The Internal Revenue Service was suing UBS AG to get the identities of Americans with secret accounts,” the newspaper reports. “If the case proceeded, Switzerland’s largest bank would face an impossible choice: Violate Swiss secrecy laws by handing over the names, or refuse and face criminal charges in U.S. federal court. Within months, Mrs. Clinton announced a tentative legal settlement—an unusual intervention by the top U.S. diplomat. UBS ultimately turned over information on 4,450 accounts, a fraction of the 52,000 sought by the IRS.”
The Internet is awash with guides for finding success on the crowdfunding website Kickstarter. A quick search yields (in numerical order):
“6 Tips From Kickstarter on How to Run a Successful Crowdfunding Campaign”
“Crowdfunding Secrets: 7 Tips For Kickstarter Success”
“8 Things I Learned From My (Failed) Kickstarter Campaign”
“Kicking Ass & Taking Donations: 9 Tips on Funding Your Kickstarter Project”
“10 Tips I Wish I Knew Before I Launched My Kickstarter Campaign”
And so on.
But the best advice to those seeking money online might sound more like this: Be thin, fair-skinned, and attractive.
It is true that in many realms, crowdfunding has delivered on its democratic promise. Take female entrepreneurship: It’s been shown that professional investors have consistently view pitches from men more favorably than those from women, even when the content of those pitches was the same. Kickstarter has subverted that. On the site, projects launched by women are more likely to secure funding than those started by men.
Bernie Sanders and Jeb Bush look abroad for inspiration, heralding the end of American exceptionalism.
This election cycle, two candidates have dared to touch a third rail in American politics.
Not Social Security reform. Not Medicare. Not ethanol subsidies. The shibboleth that politicians are suddenly willing to discuss is the idea that America might have something to learn from other countries.
The most notable example is Bernie Sanders, who renewed his praise for Western Europe in a recent interview with Ezra Klein. “Where is the UK? Where is France? Germany is the economic powerhouse in Europe,” Sanders said. “They provide health care to all of their people, they provide free college education to their kids.”
On ABC’s This Week in May, George Stephanopoulos asked Sanders about this sort of rhetoric. “I can hear the Republican attack ad right now: ‘He wants American to look more like Scandinavia,’” the host said. Sanders didn’t flinch:
Some say the so-called sharing economy has gotten away from its central premise—sharing.
This past March, in an up-and-coming neighborhood of Portland, Maine, a group of residents rented a warehouse and opened a tool-lending library. The idea was to give locals access to everyday but expensive garage, kitchen, and landscaping tools—such as chainsaws, lawnmowers, wheelbarrows, a giant cider press, and soap molds—to save unnecessary expense as well as clutter in closets and tool sheds.
The residents had been inspired by similar tool-lending libraries across the country—in Columbus, Ohio; in Seattle, Washington; in Portland, Oregon. The ethos made sense to the Mainers. “We all have day jobs working to make a more sustainable world,” says Hazel Onsrud, one of the Maine Tool Library’s founders, who works in renewable energy. “I do not want to buy all of that stuff.”