Climate Change’s New Ally: Big Finance

Madison Condon in Boston Review:

Over the past two years a striking change has taken place in the boardrooms of greenhouse-gas producers: a growing number of large companies have announced commitments to achieve “net zero” emissions by 2050. These include the oil majors BP, Shell, and Total, the mining giant Rio Tinto, and the electricity supplier Southern Company. While such commitments are often described as “voluntary”—not mandated by government regulation—they were often adopted begrudgingly by executives and boards acquiescing to demands made by a coordinated group of their largest shareholders.

This group, Climate Action 100+, is an association of many of the world’s largest institutional investors. With over 450 members, it manages a staggering $40 trillion in assets—roughly 46 percent of global GDP. Founded in 2017, the coalition initially was made up mostly of pension funds and European asset managers, but its ranks have grown rapidly, and last winter both J.P. Morgan and BlackRock (the world’s largest asset manager) became signatories to the association’s pledge to pressure portfolio companies to reduce emissions and disclose financial risks related to climate change.

Some critics think corporate “net zero” goals smack of greenwashing. That is a legitimate concern, but many of the latest commitments contain details that suggest they are more than just PR moves. Shareholders have pressed for tying executive compensation directly to the achievement of emissions goals. And some companies have begun to write down billions of dollars of fossil assets they previously claimed would be profitably sold. Emissions targets are not the only change investors are fighting for, either; they have been paying increasing attention to corporations’ efforts to thwart carbon regulation.

More here.

Remote working—an inflection point?

Christy Hoffman and Sharan Burrow in Social Europe:

In the years to come, we may look back at 2020 as an inflection point—a pivotal moment when large numbers of workers began to reorganise their lives away from a worksite, towards new models of working at or near home. The global pandemic forced a sudden, disruptive shift in work, supported by technology which quickly adapted to make continued activity possible on a larger scale than ever imagined. Many predict that we shall never go back to the workplaces of the past.

Such teleworking has been gradually increasing for several decades, typically associated with jobs that are easily measurable and highly autonomous, often involving high levels of independent judgement. It has been most prevalent in northern Europe and, in the United States, in areas with long commute times and highly-priced office space, where both the employer and employee are incentivised to adopt the model.

But the pandemic has proved that a much wider range of work can be effectively performed away from a worksite, including work which is less skilled and autonomous. In fact, during the lockdown an estimated 40 per cent of all workers in member countries of the Organisation for Economic Co-operation and Development were able to continue to work from home.

More here.

The Language of Butterflies

Adrian Woolfson at The Washington Post:

For many, insects are an annoyance and at best an inconvenience. They deserve and even demand to be dispatched to an abrupt and untimely demise. In Victorian England, on the other hand, insects were so revered that documenting and cataloguing them became a popular and passionate pastime. The eccentric banker Charles Rothschild is said to have stopped a train to allow his servants to capture a rare species of butterfly that he had spotted from a window. His daughter Miriam Rothschild, in between determining the mechanism by which fleas jump and establishing a dragonfly reserve on her estate, became a leading authority on the monarch butterfly, which she described as “the most interesting insect in the world.”

In her glorious and exuberant celebration of these biological flying machines, “The Language of Butterflies,” Wendy Williams takes us on a humorous and beautifully crafted journey that explores both the nature of these curious and highly intelligent insects and the eccentric individuals who coveted them.

more here.

The Sociologist Who Could Save Us From Coronavirus

Adam Tooze in Foreign Policy:

When COVID-19 struck, we wondered whether it might be Chinese President Xi Jinping’s Chernobyl. But after initial prevarication driven by Wuhan’s local politics, China’s national leadership reasserted its grip. The worst moment was Feb. 7, when hundreds of millions of Chinese took to the Internet to protest the treatment of whistleblowing doctor Li Wenliang, who had died of the disease. Since then Beijing has taken control, both of the disease and the media narrative. Far from being a perestroika moment, the noose of party discipline and censorship has tightened.

By the spring it was White House staffers who were likely watching the HBO miniseries Chernobyl and wondering about their own boss. Lately, the historian Harold James has asked whether the United States is living through its late-Soviet moment, with COVID-19 as President Donald Trump’s terminal crisis. But if that turns out to be the case, it will not be because of a botched cover-up; Americans are living neither in late-Soviet Ukraine nor in the era of Watergate, when a sordid exposé could sink a president. Of course, Trump was culpably irresponsible in making light of the disease. But he did so in the full glare of TV cameras. The president reveled in flouting the recommendations of eggheaded public health experts, correctly calculating that a large swath of his base was not concerned with conventional norms of truth or reason.

But the fact that neither Xi’s China nor Trump’s United States are a good match for the late Soviet Union doesn’t mean that Chernobyl is not relevant to our COVID-19 predicament.

More here.

Ashoka’s moral empire

Sonam Kachru in Aeon:

In the Khyber valley of Northern Pakistan, three large boulders sit atop a hill commanding a beautiful prospect of the city of Mansehra. A low brick wall surrounds these boulders; a simple roof, mounted on four brick pillars, protects the rock faces from wind and rain. This structure preserves for posterity the words inscribed there: ‘Doing good is hard – Even beginning to do good is hard.’

The words are those of Ashoka Maurya, an Indian emperor who, from 268 to 234 BCE, ruled one of the largest and most cosmopolitan empires in South Asia. These words come from the opening lines of the fifth of 14 of Ashoka’s so-called ‘major rock edicts’, a remarkable anthology of texts, circa 257 BCE, in which Ashoka announced a visionary ethical project. Though the rock faces have eroded in Mansehra and the inscriptions there are now almost illegible, Ashoka’s message can be found on rock across the Indian subcontinent – all along the frontiers of his empire, from Pakistan to South India.

The message was no more restricted to a particular language than it was to a single place. Anthologised and inscribed across his vast empire onto freestanding boulders, dressed stone slabs and, beginning in 243 BCE, on monumental stone pillars, Ashoka’s ethical message was refined and rendered in a number of Indian vernaculars, as well as Greek and Aramaic. It was a vision intended to inspire people of different religions, from different regions, and across generations.

More here.

Why the Working Class Votes Against Its Economic Interests

Jeff Madrick in The New York Times:

One of the mysteries in politics for decades now has been why white working-class Americans began to vote Republican in large numbers in the 1960s and 1970s. After all, it was Democrats who supported labor unions, higher minimum wages, expanded unemployment insurance, Medicare and generous Social Security, helping to lift workers into the middle class. Of course, an alternative economic view, led by economists like Milton Friedman, was that this turn toward the Republican Party was rational and served workers’ interests. He emphasized free markets, entrepreneurialism and the maximization of profit. These, Friedman argued, would raise wages for many and even most Americans.

But wages did not rise. And yet many in the working class kept voting Republican, still seemingly angered by Lyndon Johnson’s Great Society, which was dedicated to helping the poor and assuring equal rights for people of color. In the 1980s, under Ronald Reagan, income inequality began to rise sharply; wages for typical Americans stagnated and poverty and homelessness increased. Capital investment remained relatively weak despite deep tax cuts (as it does today under Donald Trump). At the same time, antitrust regulation was severely wounded, and giant corporations began to monopolize industry after industry.

In 2004, Thomas Frank’s book “What’s the Matter With Kansas?” tried to explain why a once Democratic state had turned resolutely Republican. His eloquent review of the rhetoric of the age was instructive. But the presidential election of 2016 sent the sharpest message yet. Working-class voters in Michigan, Pennsylvania and Wisconsin opted for Trump, and apparently against their economic interests. Trump had succeeded in appealing to their anger and the Democrats were caught flat-footed.

More here.

The Chaotic Design of Trump’s Mail-In-Voting Rants

Sue Halpern in The New Yorker:

On Thursday, when Donald Trump casually suggested on Twitter that the November election be delayed because “Universal Mail-In Voting” would make it “the most INACCURATE & FRAUDULENT Election in history,” he was either setting the stage to contest the outcome or to explain away his impending defeat, or both. As the President should know by now, in-person voting during the coronavirus pandemic is dangerous, especially for older Americans and those with underlying health conditions. Yet he and his chorus of enablers have made a habit of trash-talking voting by mail, claiming, erroneously, that it promotes fraud. It’s no accident that Trump’s tweet specifically assailed “Universal Mail-In Voting,” since the word “universal” is triggering for anyone who is afraid of the will of the people.

So far, only five states have nearly universal mail-in balloting. For most of them, it took years of legislative wrangling before it was adopted, and years of preparation before it was deployed. Additionally, thirty-four states and the District of Columbia have no-excuse absentee balloting (meaning that anyone can request an absentee ballot for any reason). And every state has the infrastructure to enable military and overseas voters to cast ballots from afar. (Inexplicably, according to Thursday’s tweet, Trump believes that absentee ballots are good and mail-in ballots are bad, even though they are the same thing.) All told, nearly eighty per cent of the electorate would be able to vote by mail in November.

Past primaries have offered a preview of the problems that can arise when significant numbers of voters choose this option. (Hint: the issue isn’t voter fraud.) Take California, a blue state, where over four million people voted by mail in February of 2008. The deluge was so great that election officials were still counting ballots weeks after the election. (One unexpected wrinkle: they had to iron thousands of ballots that had gotten crumpled in the mail, before they could feed them into the tabulator.) In New Jersey, another blue state, some voters found their ballots returned to them (and thus not counted) because the Postal Service scanned the wrong addresses; other citizens received hastily assembled ballots with the wrong slate of candidates. In New York City, where more than four hundred thousand ballots were cast by mail in the June primary, election officials do not expect to have a final vote tally for some jurisdictions until August. A hundred thousand have already been invalidated, some because they arrived too late, others because they weren’t signed or had a signature that didn’t match the signature on file.

These are some of the typical, non-malicious, ways that voters may find themselves disenfranchised.

More here.

Friday, July 31, 2020

Disinformed to Death

Jonathan Freedland in the New York Review of Books:

Members of a CIA-sponsored West German group using a weather balloon to deliver leaflets to East Germany, early 1950s

When a pandemic is raging, it becomes harder to deny that rigorous, truthful information is a mortal necessity. No one need explain the risks of false information when one can point to, say, the likely consequences of Americans’ coming to believe they can deflect the virus by injecting themselves with bleach. (The fact that that advice came from the podium of the president of the United States is one we shall return to.) In Britain, Conservative ministers who once cheerfully brushed aside Brexit naysayers by declaring that the country had “had enough of experts” soon sought to reassure voters that they were “following the science.” In the first phase of the crisis, they rarely dared appear in public unless flanked by those they now gratefully referred to as experts.

So perhaps the moment is ripe for a trio of new books on disinformation. All three were written before the virus struck, before we saw people refuse to take life-saving action because they’d absorbed a baseless conspiracy theory linking Covid to, say, the towers that emit signals for 5G mobile phone coverage. But the pandemic might mean these books will now find a more receptive audience, one that has seen all too starkly that information is a resource essential for public health and well-being—and that our information supply is being deliberately, constantly, and severely contaminated.

More here.

Finding the Timeless and the Universal in Naiyer Masud’s Short Stories

Isabel Huacuja Alonso in The Caravan (from 2017):

“Destitutes Compound,” a story by Naiyer Masud, is about a young man who leaves his home after an argument with his father. After his only friend dies, the man concludes that it is time for him to return to his family. As he makes preparations for his homecoming, he realises that the children he met when he first arrived at the compound now have greying hair. When he returns, he learns that both his parents have passed away, but an old, blind grandmother still sits in the house’s entrance cracking betel nuts, just as she had when he left. The image of the grandmother rhythmically cracking betel nuts has stayed with me for years. To me, she symbolises time itself, resting still, awaiting our return.

Masud is the author of four acclaimed collections of short stories in Urdu. Most of his stories meticulously detail everyday feelings and sensations, but in ways that render them unfamiliar, uncomfortable and new. The narrator of “Ba’i’s Mourners” is consumed by a fear of brides when he learns of one who died from a scorpion bite before reaching her groom’s house. In “Obscure Domains of Fear and Desire,” the narrator describes the complex sensations that old houses evoke in him—some sections of them make him feel afraid, while others evoke an eerie expectation that a distant desire will soon be fulfilled.

More here.

What Auden Believed

David Yezzi at The New Criterion:

A second spur for Auden was his experience during the Spanish Civil War, where he witnessed the destruction of churches and the persecution and murder of the clergy. As Carpenter writes, “In all, several thousand clergy members of religious orders fell victim to Republican persecutors, and this was only a fraction of the total number of people murdered on the Republican side.” Auden was deeply disillusioned by what he found in Spain. He later said that he “could not escape acknowledging that, however I had consciously ignored and rejected the Church for sixteen years, the existence of churches and what went on in them had all the time been very important to me.”

Indeed, churchgoing again became very important to him. At one point, when Auden was living on Middagh Street in Brooklyn, Golo Mann notes, “On Sundays, he began to disappear for a couple of hours and returned with a look of happiness on his face. After a few weeks he confided in me the object of these mysterious excursions: the Episcopalian Church.”

more here.

The Unusual Life of a Nineteenth-Century Japanese Woman

Lesley Downer at the TLS:

So what was life like in that untouched Japan? We know a surprising amount about life in those days, in part because this was a highly literate society that kept and preserved copious records. Amy Stanley, an associate professor of history at Northwestern University, Illinois, is fluent in pre-modern as well as modern Japanese. In Stranger in the Shogun’s City, she uses private letters together with temple records, bills, receipts, tax returns, salary chits, legal and other documents and books of and about the times to piece together a marvellous patchwork of life in the decades before Western ships were sighted and interaction with the outside world began again in earnest. At the heart of Stanley’s book is the extraordinary and terrible story of Tsuneno, whose life went against the grain not only of what was expected of women in her day but also of what we assume life was like for women at that time.

more here.

A friendship, a pandemic and a death besides the highway

Basharat Peer in The New York Times:

DEVARI, India — Somebody took a photograph on the side of a highway in India. On a clearing of baked earth, a lithe, athletic man holds his friend in his lap. A red bag and a half empty bottle of water are at his side. The first man is leaning over his friend like a canopy, his face is anxious and his eyes searching his friend’s face for signs of life. The man is small and wiry, in a light green T-shirt and a faded pair of jeans. He is sick, and seems barely conscious. His hair is soaked and sticking to his scalp, a sparse stubble lines the deathlike pallor of his face, his eyes are closed, and his darkened lips are half parted. The lid of the water bottle is open. His friend’s cupped hand is about to pour some water on his feverish, dehydrated lips.

I saw this photo in May, as it was traveling across Indian social media. News stories filled in some of the details: It was taken on May 15 on the outskirts of Kolaras, a small town in the central Indian state of Madhya Pradesh. The two young men were childhood friends: Mohammad Saiyub, a 22-year-old Muslim, and Amrit Kumar, a 24-year-old Dalit, which refers to former “untouchables,” who have suffered the greatest violence and discrimination under the centuries-old Hindu caste system. Over the next few weeks, I found myself returning to that moment preserved and isolated by the photograph. I came across some details about their lives in the Indian press: The boys came from a small village called Devari in the northern Indian state of Uttar Pradesh. They had been working in Surat, a city on the west coast, and were making their way home, part of a mass migration that began when the Indian government ordered a national lockdown to prevent the spread of the coronavirus. Despite our image-saturated times, the photograph began assuming greater meanings for me.

For the past six years, since Prime Minister Narendra Modi and his Hindu nationalist Bharatiya Janata Party took power, it has seemed as if a veil covering India’s basest impulses has been removed. The ideas of civility, grace and tolerance were replaced by triumphalist displays of prejudice, sexism, hate speech and abuse directed at women, minorities and liberals. This culture of vilification dominates India’s television networks, social media and the immensely popular mobile messaging service WhatsApp. When you do come across acts of kindness and compassion, they seem to be documented and calibrated to serve the gods of exhibitionism and self-promotion. The photograph of Amrit and Saiyub came like a gentle rain from heaven on India’s hate-filled public sphere. The gift of friendship and trust it captured filled me with a certain sadness, as it felt so rare. I felt compelled to find out more about their lives and journeys.

More here.

Friday Poem

Pledge

Now we are here at home, in the little nation
of our marriage, swearing allegiance to the table
we set for lunch or the windchime on the porch,

its easy dissonance. Even in our shared country,
the afternoon allots its golden lines
so that we’re seated, both in shadow, on opposite

ends of a couch and two gray dogs between us.
There are acres of opinions in this house.
I make two cups of tea, two bowls of soup,

divide an apple equally. If I were a patriot,
I would call the blanket we spread across our bed
the only flag—some nights we’ve burned it

with our anger at each other. Some nights
we’ve welcomed the weight, a woolen scratch
on both our skins. My love, I am pledging

to this republic, for however long we stand,
I’ll watch with you the rain’s arrival in our yard.
We’ll lift our faces, together, toward the glistening.

by Jehanne Dubrow
from The Poetry Foundation

comprehensive molecular analysis

Jun Axup in Medium:

Our blood and cells are complex mixtures of DNA, RNA, proteins, metabolites, lipids, sugars, metal ions, and more. All of these are deeply important in informing our health and wellness. Today, we can measure a few of these molecules routinely, but what are we missing might be in the rest of the data. Dalton Bioanalytics is creating a comprehensive and inexpensive method to look at all these molecules to bring about truly multiomics data. I sat with Austin Quach, CSO of Dalton Bioanalytics, to talk about his platform from inventing it in his lab to starting a company.

How did you become interested in multiomics?

Why are we waiting for disease to strike before treatment? Why do we continue to treat patients using one-size-fits-all? These questions were really the seeds that led to our interest in multiomics. What it boils down to is that we lack the quantity and quality of data to make early detection and precision medicine really successful. There’s a ton of information beyond each person’s genetics including their age, sex, ethnicity, dietary and lifestyle habits, exposure to drugs, medications, pollutants, and infections, tissue, organ, and psychosocial health, etc. The only way to really automatically capture most of this information is to integrate multiple layers of bioinformation — a.k.a. multiomics. For example, genomics (DNA), transcriptomics (RNA), proteomics (proteins), microbiomics (microbes), metabolomics (metabolites), and exposomics (exposures), etc.

Unfortunately, current multiomic approaches are prohibitively expensive. In fact, many have tried to push this approach forward only to realize that it is too expensive to scale. This is when things really got interesting for us — what if we could invent a way to do multiomics using a single low cost assay? The performance specs might not be as good as the individual specialized -omics assays but we might be able to hit that sweet spot where we capture enough data to become invaluable but still maintain affordability. It was basically like that aha moment when you realize what makes smartphones so great: they may not be as good as specialized tools but who has the time and energy to lug around a backpack full of expensive equipment?

More here.

Thursday, July 30, 2020

In heaven with St. Augustine and the Talking Heads

Becca Rothfeld in Cabinet:

According to medieval Jewish commentaries on the Torah, heaven will be dazzling and dramatic. It will contain chambers “built of silver and gold, ornamented with pearls.” New arrivals will pass through gates guarded by 600,000 angels and bathed in “248 rivulets of balsam and attar.” The righteous will attend elaborate feasts and lounge in lavish gardens. As a rule, paintings of heaven are more vague and more amorphous than paintings of hell, but avuncular artists still stuff them with cherry-cheeked cherubs. In the New Testament, John promises his followers that God’s “house has many rooms.”

I don’t know for sure whether any of this is literal—whether the saved will have real bodies to bathe or eat with, whether the cherubs will dirty any actual diapers. What I do know is that if these are metaphors for anything, they are metaphors for novelty. Whatever life in heaven is really like, even if it does not involve winged babies and banquets, it will never be boring. The many rooms there, be they physical or figurative, will each loom larger than the last.

The Talking Heads seem to reject this common wisdom.

More here.

From Restraining Orders to Assassinations, the Dangerous Work of Saving the Monarch Butterflies

Rob Nixon in the Boston Review:

In coming weeks, the Northeast of the United States will experience the peak of its annual migration of monarch butterflies. The butterflies’ life cycle takes place over an astonishingly broad geographic range. Each year, the monarchs overwinter by the millions in the high-altitude forests of Mexico. Then, in the spring and summer, they head north to the United States and southern Canada, the northern limit of where milkweed, the only plants that the fastidious monarchs breed on, will grow.

Because so many ecological factors have to sync perfectly for this journey to work, in recent decades the monarch population has declined rapidly under pressure of environmental changes. In response, a grassroots network of butterfly defenders has sought to preserve the multiple environments that the butterflies need. In the process, the defenders—and, by extension, the butterflies—have made surprising enemies.

More here.