European leaders will spend $172 billion to delay Greece's collapse, but it's hard to get excited when "success" looks like failure, a feeling that may be familiar to American warplanners.
A man walks next to a kiosk selling Greek flags in Athens / Reuters
At long last European leaders have agreed to a second bailout for Greece. Don't expect any celebrations, though. The $172 billion agreement, reached in the early hours of Tuesday morning, will reduce Greek debt to around 120.5 percent of the country's GDP by 2020. The modesty of that target -- which might still prove unreachable -- should tell you a lot about how this deal has progressed. In the negotiations, Greece's massive structural problems have become even more obvious, and the enduring message from the process is that (a) this bailout is unlikely to be enough to save Greece and (b) now not just the policymakers, but the people they serve, know it's probably doomed.
This dreary consensus has been building for weeks. The way that French and German media talk about Greece's crisis can feel an awful lot like the U.S. media coverage on the war in Afghanistan, and for a similar reason: resolution is so far off that it's not even clear what "success" would look like. In Greece as in Afghanistan, there are profound negative consequences associated with both action and inaction. It's not clear that a good solution exists, but everyone feels compelled to muddle on anyway. There's a suspicion that, at best, all our planning will only delay the inevitable to a more convenient time: don't let Afghanistan collapse until the Taliban are a bit weaker, don't let Greece collapse until the rest of Europe is in recovery and able to absorb it. Even if that's a chance worth taking, it's not one that American troops or European taxpayers are going to be especially excited about.
On Monday night, the Financial Timesobtained a copy of a confidential ten-page debt sustainability analysis prepared for eurozone finance ministers. "It warned," related the FT's Peter Spiegel from Brussels, "that two of the new bail-out's main principles might be self-defeating. Forcing austerity on Greece could cause debt levels to rise by severely weakening the economy while its €200bn debt restructuring could prevent Greece from ever returning to the financial markets by scaring off future private investors." And none of this is coming cheaply for the other residents of Europe. Though huge segments of the bailout burden are being borne by private companies, continental taxpayers will also be taking a hit indirectly through the public sector funds going to Greece.
Even before this report became public, the conversations being aired in the media in crucial eurozone countries such as France and Germany were deeply pessimistic. "The price for saving Greece is too high," declared a headline in Germany's Die Welt on Sunday. The article, by Florian Eder, emphasized that Greece is nearly impossible to fix, and in attempting to do so Europe is likely only to destroy the union. "There's a feeling that the euro crisis has just entered a new phase," wrote Clemens Wergin in his blog for the same paper last Thursday. "For over two years," he explained, "politicians in Europe have tried to hold the shop together," working to keep nationalistic self-interest at bay, to sacrifice for the greater European good. "Now this arrangement has reached its limits."
Europe's mood has not gotten much better with this deal. Eder has a new piece out declaring that "the billions Greece is getting would be better spent [...] on an exit from the euro." Those setting themselves up as Greece's defenders appear to be somewhere between resigned and desperate. "Give Greece a chance!" cries the headline over another opinion piece in German Die Zeit. "Greeks want to keep the euro," the author argues, and Greece "is willing to give up substantial sovereignty rights" to do it. The last sentence offers a clue, though, as to the extent European unity now appears to be a hypothetical rather than categorical imperative. The message seems to be, "We should support the Greeks--as long as they want it."
But perhaps most revealing is a long plea signed by a large "group of European artists and intellectuals" in today's Libération, a French paper. "The goal cannot be the 'saving' of Greece: on this point, all the economists worthy of this name are agreed," they write. "It's about buying time to save the creditors while leading the country to a deferred bankruptcy." The group argues against race-tinged arguments blaming Greeks for their own situation, and desperately urges for Europe to keep the Greek perspective in mind.
What we're witnessing right now in the European media is an attitude of defeatism. It's exactly the kind of reaction, in fact, that greets newly announced plans for Afghanistan in the U.S., where it's public knowledge that the jig is up, and that we're only sticking it out until we can leave with slightly less of a disaster. If cutting Greece loose is indeed European policymakers' plan -- to use the bailout to buy time, betting on Greece's exit being less painful in a few years than it would be now -- then there's an obvious takeaway from the Afghanistan analogy. Though the current path may be the only sane one, don't expect the voters to thank you for taking it.
Altruism, even when indirectly serves one's own interests as with Europe's bailout here, is a game of patience, and voters' patience tends to wear thin pretty quickly. The numbers that decide Greece's fate may not, in the end, be the ones pushed out by financial analysts. If Greece is to be abandoned on the rocks, the pollsters may be the first to know.
Trump’s attacks on the free press don’t just threaten the media—they undermine the public’s capacity to think, act, and defend democracy.
Are Donald Trump’s latest attacks on the press really that bad? Are they that out-of-the-ordinary, given the famous record of complaints nearly all his predecessors have lodged? (Even George Washington had a hostile-press problem.)
Are the bellows of protest from reporters, editors, and others of my press colleagues justified? Or just another sign that the press is nearly as thin-skinned as Trump himself, along with being even less popular?
I could prolong the buildup, but here is the case I’m going to make: Yes, they’re that bad, and worse.
I think Trump’s first month in office, capped by his “enemy of the people” announcement about the press, has been even more ominous and destructive than the Trump of the campaign trail would have prepared us for, which is of course saying something. And his “lying media” campaign matters not only in itself, which it does, but also because it is part of what is effectively an assault by Trump on the fundamentals of democratic governance.
Plagues, revolutions, massive wars, collapsed states—these are what reliably reduce economic disparities.
Calls to make America great again hark back to a time when income inequality receded even as the economy boomed and the middle class expanded. Yet it is all too easy to forget just how deeply this newfound equality was rooted in the cataclysm of the world wars.
The pressures of total war became a uniquely powerful catalyst of equalizing reform, spurring unionization, extensions of voting rights, and the creation of the welfare state. During and after wartime, aggressive government intervention in the private sector and disruptions to capital holdings wiped out upper-class wealth and funneled resources to workers; even in countries that escaped physical devastation and crippling inflation, marginal tax rates surged upward. Concentrated for the most part between 1914 and 1945, this “Great Compression” (as economists call it) of inequality took several more decades to fully run its course across the developed world until the 1970s and 1980s, when it stalled and began to go into reverse.
The journalist’s comments suggest gay men enjoy sex with children—an idea that has been widely debunked.
In the comment that cost him his book deal and speaker slot at the Conservative Political Action Conference, the Breitbart journalist and right-wing provocateur Milo Yiannopoulos defended “relationships in which those older men help those young boys to discover who they are.”
In the video, a clip of an old podcast episode that was tweeted this weekend by the group Reagan Battalion, Yiannopoulos says he isn’t defending pedophilia, before adding that “in the gay world, some of the most enriching ... relationships between younger boys and older men can be hugely positive experiences.” (Yiannopoulos later blamed “sloppy phrasing," saying when he was 17 he was in a relationship with a 29-year-old man. The age of consent in the U.K. is 16.)
Neither truck drivers nor bankers would put up with a system like the one that influences medical residents’ schedules.
The path to becoming a doctor is notoriously difficult. Following pre-med studies and four years of medical school, freshly minted M.D.s must spend anywhere from three to seven years (depending on their chosen specialty) training as “residents” at an established teaching hospital. Medical residencies are institutional apprenticeships—and are therefore structured to serve the dual, often dueling, aims of training the profession’s next generation and minding the hospital’s labor needs.
How to manage this tension between “education and service” is a perennial question of residency training, according to Janis Orlowski, the chief health-care officer of the Association of American Medical Colleges (AAMC). Orlowski says that the amount of menial labor residents are required to perform, known in the profession as “scut work,” has decreased "tremendously" since she was a resident in the 1980s. But she acknowledges that even "institutions that are committed to education … constantly struggle with this,” trying to stay on the right side of the boundary between training and taking advantage of residents.
Megaprojects are rarely, if ever, completed on schedule.
The construction of a massive wall along the border of the United States and Mexico is one of President Donald Trump’s central campaign promises. And it’s a promise he intends to keep.
Within days of taking the oath of office in January, Trump began laying the groundwork for the construction of a series of walls and fences that would span some 1,250 miles along the border. On Monday, the Department of Homeland Security issued a memo outlining its commitment to “begin planning, design, construction and maintenance of a wall” to deter and prevent illegal entry into the United States. The memo follows an executive order in which Trump called for the wall’s “immediate construction.”
Joe Moran’s book Shrinking Violets is a sweeping history that doubles as a (quiet) defense of timidity.
The Heimlich maneuver, in the nearly 50 years since Dr. Henry Heimlich established its protocol, has been credited with saving many lives. But not, perhaps, as many as it might have. The maneuver, otherwise so wonderfully simple to execute, has a marked flaw: It requires that choking victims, before anything can be done to help them, first alert other people to the fact that they are choking. And some people, it turns out, are extremely reluctant to do so. “Sometimes,” Dr. Heimlich noted, bemoaning how easily human nature can become a threat to human life, “a victim of choking becomes embarrassed by his predicament and succeeds in getting up and leaving the area unnoticed.” If no one happens upon him, “he will die or suffer permanent brain damage within seconds.”
The preconditions are present in the U.S. today. Here’s the playbook Donald Trump could use to set the country down a path toward illiberalism.
It’s 2021, and President Donald Trump will shortly be sworn in for his second term. The 45th president has visibly aged over the past four years. He rests heavily on his daughter Ivanka’s arm during his infrequent public appearances.
Fortunately for him, he did not need to campaign hard for reelection. His has been a popular presidency: Big tax cuts, big spending, and big deficits have worked their familiar expansive magic. Wages have grown strongly in the Trump years, especially for men without a college degree, even if rising inflation is beginning to bite into the gains. The president’s supporters credit his restrictive immigration policies and his TrumpWorks infrastructure program.
Listen to the audio version of this article:Download the Audm app for your iPhone to listen to more titles.
The Border Adjustment Tax, a proposal favored by House Speaker Paul Ryan, has aroused serious opposition from Republican senators.
Donald Trump is feeling good about taxes. In his gonzo press conference last Thursday, he assured Americans that “very historic tax reform” is absolutely on track and is going to be—wait for it!—“big league.” The week before, he told a bunch of airline CEOs that “big league” reform was “way head of schedule” and that his people would be announcing something “phenomenal” in “two or three weeks.” And at his Orlando pep rally this past weekend, he gushed about his idea for a punitive 35 percent border tax on products manufactured overseas. The magic is happening, people. And soon America’s tax code will be the best, most beautiful in the world.
But here’s the thing. What Trump doesn’t know about the legislative process could overflow the pool at Mar-a Lago. And when it comes to tax reform, even minor changes make Congress lose its mind. Weird fault lines appear, and the next thing you know, warring factions have painted their faces blue and vowed to die on the blood-soaked battlefield before allowing this marginal rate to change or that loophole to close.
A senator has joined human-rights groups in opposing warrantless scans of travelers' digital devices.
For years, travelers entering into the U.S.—whether they’re citizens or not—have been pulled aside at the border and pressured into giving up passwords to their phones and other electronic devices. Customs agents have claimed the authority for these searches under the auspices of a broad exception to Fourth Amendment rights that applies at the border.
But Senator Ron Wyden, a Democrat from Oregon, has a few questions about that legal authority. He sent a letter to the secretary of the Department of Homeland Security on Monday, expressing dismay at reports that people were being asked to unlock and hand over their smartphones at the border. He also said he’s planning on introducing a bill to require agents to get a warrant before searching a device, and to prevent DHS from implementing a new policy that would require foreign visitors to turn over their online passcodes before visiting the U.S.