Tag Archives: photographer

Americans Seem to Have Given Up on Retirement Plans

Mother Jones

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This chart gets filed under things that leave me scratching my head. It’s from a survey published in the latest EBRI newsletter, and it shows how much people value certain kinds of job benefits. Health coverage is #1, unsurprisingly. But the perceived importance of retirement benefits has plummeted over the past couple of decades. This applies to both traditional pensions and 401(k) plans. Retirement benefits are still considered “very important” or “extremely important” by three-quarters of those surveyed, but fewer than half rank retirement benefits as one of the two most important benefits. That compares to nearly 90 percent who did so in 1999.

I’m really not sure what to make of this. Is it because Americans have given up on retirement plans they think are too cheap to make much difference? Do lots of Americans not plan to retire, for either good or bad reasons? Do they think Social Security will be sufficient? None of these explanations makes much sense. But what does?

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Americans Seem to Have Given Up on Retirement Plans

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Ted Cruz Explains the Great Recession

Mother Jones

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Jim Pethokoukis draws my attention to Ted Cruz’s theory of why the Great Recession was so great. Here is Joseph Lawler describing Cruz’s questioning of Fed chairman Janet Yellen yesterday:

Cruz began a round of questioning by stating that, in the summer of 2008, “the Federal Reserve told markets that it was shifting to a tighter monetary policy. This, in turn, set off a scramble for cash, which caused the dollar to soar, asset prices to collapse and the consumer price index to fall below zero, which set the stage for the financial crisis.”

….Yellen, although used to obscure or hostile questions from members of Congress, seemed taken off-guard. “I think the Fed responded pretty promptly in easing monetary policy to the pressures that were emerging,” she responded, saying that she wouldn’t blame the financial crisis on the Fed failing to lower rates during the meeting. She also noted that the Fed had lowered its target rate to zero by December.

I think you can argue that the Fed should have responded sooner and more forcefully to the events of 2008, but the problem with Cruz’s theory is that it just doesn’t make sense. Take a look at the chart on the right, which shows the Fed Funds target rate during the period in question. In April 2008, the Fed lowered its target rate to 2 percent. Then it waited until October to lower it again.

So the idea here is that if the Fed had acted, say, three months earlier, that would have saved the world. This ascribes super powers to Fed open market policy that I don’t think even Scott Sumner would buy. Monetary policy should certainly have been looser in 2008, but holding US rates steady for a few months too long just isn’t enough to turn an ordinary recession into the biggest global financial meltdown in nearly a century.

Cruz would like to blame the Fed, but they bear only a modest responsibility. Better culprits include underregulation of shadow banking; a housing bubble fueled partly by fraud and partly by Wall Street irresponsibility; excess systemic leverage; and Republican unwillingness to fight the recession with fiscal policy. Unfortunately, none of those fit Cruz’s agenda. So the Fed it is.

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Ted Cruz Explains the Great Recession

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While OPEC Meets, Oil Prices Continue to Plummet

Mother Jones

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With oil prices plummeting below $40 per barrel, OPEC is meeting to decide what to do. The answer is…. probably nothing:

Oil prices dropped Friday as traders braced for official word out of a highly anticipated meeting of the Organization of the Petroleum Exporting Countries. Prices slid following conflicting media reports that OPEC had either kept its oil-output target unchanged or increased it. There was also confusion as to whether production in Indonesia, which just rejoined the group, will be included in the target.

….An internal OPEC document reviewed by The Wall Street Journal showed that, if current production remains unchanged, markets will still be oversupplied by 700,000 barrels a day in 2016….The key issue for OPEC is Iran, which is expected to return to the global oil market after the lifting of the international sanctions early next year. Analysts say the country could quickly ramp up production by around 500,000 barrels, adding to the oversupply of crude.

Between fracking, Iran, and slow demand growth thanks to the sluggish global economy, oil prices just aren’t likely to increase in the near future. This is:

Good news for consumers, who get cheaper gasoline.
Probably bad news for global warming, since it makes cleaner fuel sources uncompetitive with oil.
Bad news for OPEC members, which might be bad news for the rest of us. Low prices probably mean cutbacks in government services, which in turn could lead to more widespread unrest. Needless to say, this is not something the Middle East needs right now.
Good news for Hillary Clinton, since the fortunes of the incumbent party have historically been better when gas prices are lower.

Oh: and bad news for us peak oil folks. I don’t have any worries that we’ll hit peak oil eventually, but the Great Recession sure put off the date. I had long figured that 2015 was going to be the peak date, but it now looks like it will probably be 2020 at the earliest, and maybe more like 2025 or so.

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While OPEC Meets, Oil Prices Continue to Plummet

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The Beauty and the Peril of Being a Photojournalist in Afghanistan

Mother Jones

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The image made the pages of newspapers around the globe: a young girl in brilliant green, arms outstretched, mouth open in a scream, surrounded by bodies after a suicide bomb tore through a religious ceremony in Kabul in 2011. It’s an image that, for many in the west, reignited concern over what was taking place in Afghanistan, and it earned the photographer, Massoud Houssaini, a Pulitzer Prize. It also was an image that wouldn’t have been captured under the reign of the Taliban—who outlawed the taking of photos.

Houssaini’s work, along with that of three other photojournalists, is explored in Frame by Frame, a quietly devastating new documentary now making the festival circuit. Directors Alexandria Bombach and Mo Scarpelli follow the photojournalists as they document their country’s events in the face of skepticism, censorship, and threats.

Wakil Kohsar Mo Scarpelli

Farzana Wahidy, Houssaini’s wife and one of the only professional female photojournalists in Afghanistan, has the monumental task of documenting the lives of women whose voices are typically silenced—such as a girl who was doused in gasoline by her father in law and set alight. Soft-spoken Wakil Kohsar snaps shots from underneath bridges and in the middle of streets where addicts mainline their drugs. Najibullah Musafar, the eldest of the four, now runs a school for aspiring photojournalists in addition to doing his own photography. What they have in common is humble bravery and a deep caring for their subjects. Musafar puts it this way: “If a photojournalist does not have empathy, his photos may be meaningless. If a photojournalist has empathy, he’s able to work on a subject from the bottom of his heart.”

The film, despite Musafar’s poetic musings about the natural beauty of Afghanistan captured in his portrait work, contains a sense of urgency, as though its protagonists are racing toward an uncertain future. Press freedoms have expanded considerably since the 2001 American invasion, but as the troops withdraw, the threat of a resurgent Taliban looms. In fact, the film opens with Hossaini rushing in to cover a suicide bombing. Arriving on the scene, he warns a colleague, “Be careful that they don’t think we are terrorists.” Soon after, he notes, “These 10 years were a revolution for photography, but I don’t know what will happen now…Government itself is against us sometimes. Taliban will come back somehow, to the government or some part of the country.”

Indeed, the security situation has deteriorated in recent months. “The Taliban has been taking over northern parts of Afghanistan, they’re still very present in the south, and ISIS is in Jalalabad,” Bombach says. In October, the Taliban declared two Afghan TV networks and their entire staffs legitimate military targets. In a recent e-mail responding to questions about Taliban threats, Houssaini wrote simply, “I am not scared.”

His words highlight something else Bombach and Scarpelli reveal, something Westerners miss amid the grisly headlines: the character of Afghan citizens. The film is an ode to a place and a people who fear that the world will forget about them if fundamentalism returns.

Farzana Wahidy Alexandria Bombach

As Bombach and Scarpelli tail their subjects, we get a sense of everyday life in the country: the “smartass” Afghan sense of humor, the tenderness among friends, people holding their chests out of respect when they say hello, men holding hands out of friendship, the vendors who sell “the most amazing fruit,” as Bombach puts it. “People always say there’s something about Afghanistan that gets under your skin.”

Scarpelli adds, “There’s this sense that life is being lived on both ends of a spectrum. Afghans are always talking about flux, but all of it feels normal to them, and you find yourself in the midst of it thinking, ‘God, humans are amazing.'”

Frame by Frame will leave you feeling much the same way.

Najibullah Musafar Alexandria Bombach

Taken from: 

The Beauty and the Peril of Being a Photojournalist in Afghanistan

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People want to frack the hell out of this giant piece of tiramisu

People want to frack the hell out of this giant piece of tiramisu

By on 16 Nov 2015commentsShare

The word Permian can mean very different things to very different people. To an evolutionary biologist, it might refer to the tail end of an era of the great animal diversification that began with the famous Cambrian explosion about 542 million years ago. To a brooding teenager who’s really into death right now, it might refer to the Permian-Triassic extinction, aka The Great Dying, that wiped out more than 90 percent of marine species and about 70 percent of land species, the most devastating die-off of all time. And to a modern-day oil tycoon, it might just mean dollar signs (and tiramisu).

It should come as no surprise that Texas, where everything is big and tasty, is home to the largest shale field in the U.S. — and one that people liken to tiramisu, because of its delicious oil- and gas-soaked layers of rock.

What is surprising about the Permian Basin, however, is that its production seems to be on the rise, even as other major basins in the U.S. like the Bakken and Eagle Ford are scaling back due to declining oil prices. Here’s Bloomberg with more on this delicious miracle of a basin:

Oil production in the Permian is forecast by the government to rise 0.6 percent in December to 2.02 million barrels a day, even as drillers have idled 59 percent of the rigs there in the past year. Output in rival shale fields like the Bakken and Eagle Ford has fallen 12% and 25%, respectively, as drillers pulled out after oil prices crashed last year.

… The Permian’s multiple layers of oil- and gas-soaked rocks, in some places stacked 5,000 feet thick, contain plenty of places to drill that will yield 30 percent to 40 percent rates of return with crude prices as low as $40 a barrel, Laird Dyer, a Royal Dutch Shell Plc energy analyst, said at a conference in Toronto Nov. 10.

According to Bloomberg, one layer of the basin in particular holds enough oil to keep the entire world supplied for two years. That layer is known as the Spraberry, which one can only assume, in the context of this tiramisu analogy, has some sort of berry flavoring.

And just as with the decadent Italian dessert, people are going apeshit over this chunk of ancient sediment. Exxon bought 48,000 acres of the stuff, Apache Corp. owns one of the largest shares at 3.2 million acres, and Concho Resources Inc. has 700,000 acres, Bloomberg reports.

At an oil conference in Texas last week, the chief commercial officer for Concho, Will Giraud, told a crowd that $50 billion in private-equity capital had already gone into the basin.

“It’s the last oil basin standing,” Giraud said. “It’s still the last place you can put together a material position. It’s the last place you can drill in this environment and make money. It’s the last place where there’s still a tremendous amount of resources to be discovered.”

If they didn’t serve tiramisu at that conference, somebody really dropped the ball. But more importantly, let’s briefly reflect on the many meanings of “Permian.” First, there was the period of prosperity in diversification of life on Earth. Then, there was the extinction so catastrophic that people call it “The Great Dying.” And now, we’re heading into another period of prosperity with this basin full of liquid and gas gold!

So if the pattern holds, that means we’re in for a devastating turn. Will it be The Great Injustice, The Great False Promise, or The Great Rumbling?

Source:

Photographer: Brittany Sowacke/Bloomberg Oil Producers Hungry for Deals Drool Over West Texas `Tiramisu’

, Bloomberg.

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People want to frack the hell out of this giant piece of tiramisu

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The Uninsured Rate Just Keeps Going Down, Down, Down

Mother Jones

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I’m back. I’ve now done my civic duty yet again, so I’m safe until the next time the Orange County justice system wants me to sit around all day and curse at unreliable Wi-Fi coverage. Oddly, their Wi-Fi is worse than it was the last time I was there, three or four years ago. I think they’ve outsourced it since then. On the bright side, this time around I could provide my own internet connection, so I don’t care that much. Plus, since I never get actually called for a jury these days, I’ve once again preserved my record of being foreman on 100 percent of the juries I’ve ever sat on.

As your reward for waiting around all day for me, here’s the latest CDC data on the uninsured rate. Being the big government agency they are, they’re just getting around to crunching the numbers for the second quarter, and they report that Obamacare has driven the uninsured rate down yet again, to 10.3 percent.1 Not bad for a program that, I’m told, is in a death spiral and will implode any second now.

1Gallup says the uninsured rate in the second quarter was 11.4 percent. The difference comes from who they count. Gallup counts everyone over 18. CDC counts everyone under age 65.

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The Uninsured Rate Just Keeps Going Down, Down, Down

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Sarcasm Turns Out to Be Great Creativity Tool. You’re Welcome.

Mother Jones

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A new paper suggests that sarcasm is underrated:

Studies 1 and 2 found that both sarcasm expressers and recipients reported more conflict but also demonstrated enhanced creativity following a simulated sarcastic conversation or after recalling a sarcastic exchange.

Um, yeah. I remember that part. It’s why my boss once told me I had to give her a dollar every time I said something sarcastic. It was the best she could do since HR told her shock collars violated OSHA regulations. Anyway, onward:

Study 3 demonstrated that sarcasm’s effect on creativity for both parties was mediated by abstract thinking and generalizes across different forms of sarcasm. Finally, Study 4 found when participants expressed sarcasm toward or received sarcasm from a trusted other, creativity increased but conflict did not. We discuss sarcasm as a double-edged sword: despite its role in instigating conflict, it can also be a catalyst for creativity.

I would tell you more, but the abstract is all I have access to. Besides, I have a funny feeling that if I read the actual paper I’d find myself underwhelmed by the methodology. If you’re looking for a justification for your witty repartee—and aren’t we all?—maybe it’s best just to let things stand where they are.

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Sarcasm Turns Out to Be Great Creativity Tool. You’re Welcome.

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Trump’s Insults Are Weak, Lack Energy

Mother Jones

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Me, yesterday, on how Donald Trump is likely to attack rising star Marco Rubio: “The obvious route for Trump is to mock Rubio’s inability to balance his own checkbook, but I’m hoping for something more original.”

Trump, today: “He is a disaster with credit cards. All you have to do is look.” And: “He certainly lives above his means — there is no question about that.”

That’s really disappointing. Trump also went after Rubio on immigration and for not showing up to vote in the Senate. Bo-o-o-o-ring.

There’s just no creativity here anymore. Remember when he called Jeb Bush “low energy”? That was great. Or that he couldn’t imagine anyone voting for Carly Fiorina’s ugly mug? Good times. It makes me wonder if Trump is really giving his all for America these days. Even the cover of his new book looks phoned in. I mean, is that supposed to be Blue Steel or Le Tigre? I can’t tell.

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Trump’s Insults Are Weak, Lack Energy

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The Insane Story Behind Trump’s Deleted Nazi Tweet

Mother Jones

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Earlier today, Donald Trump tweeted out a campaign poster featuring what appeared to be men in Nazi uniforms, superimposed over the American flag. The tweet was swiftly deleted, but not before the internet went to work tracking down the original image, sourced to the stock photography website iStock.

Mother Jones can now reveal that the image in question was taken at a World War II reenactment near Kent, England, some time within the last five years, according to its photographer, George Cairns. We reached Cairns by Skype at his home in St Albans, a town just north of London, where he was hanging out playing video games when his Twitter feed started to blow up in response to the Trump story.

George Cairns, photographer. Supplied.

Cairns is a British freelance stock photographer and photography instructor who says he frequents war reenactments as good locations to pick up realistic-looking stock images—not just of Nazis, but also of American GIs and other soldiers. Cairns said he didn’t know much about Donald Trump beyond the controversy over a golf course the billionaire and GOP presidential contender bought in Scotland last year.

So what does Cairns make of Trump using his image to endorse his candidacy?

“Well luckily, it’s not endorsed him in a sense… So that’s a good thing,” he said. “I’m not a Trump supporter. I can sleep OK tonight.”

In an almost impossibly bizarre coincidence, this isn’t the first time the Cairns family has been caught up in a photo kerfuffle involving Nazis and American politicians. George’s brother John is also a stock photographer, and took the image of Nazi reenactors that was accidentally used in a flier for the campaign of North Carolina state legislator Tim Spear in 2010.

“I have photos of American soldiers as well,” Cairns said. “But for some reason, politicians seem to be downloading Nazis.”

The photo isn’t a massive moneymaker for the photographer. “I’ve sold that image twice this year,” Cairns said. Yesterday, Cairns made $8.64 on a sale. Today, $1.71. “I can buy a coffee!” he joked.

In the world of stock photography, you have basically no control over who uses your photos, Cairns said. The best you can do is pick keywords for the images you upload that let people know exactly what they’re buying. In this case, Cairns said, Trump’s people should have been able to tell what they were looking at.

“I tried to keyword it carefully so people would be aware that it’s WWII fascists.”

This article – 

The Insane Story Behind Trump’s Deleted Nazi Tweet

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Tales From City of Hope #7: Weekend Update

Mother Jones

Since my actual stem cell transplant happened on Thursday, that counts as Day Zero. Today is Day +2. It turns out that part of the prep for the transplant was an IV injection of both Benadryl and Ativan, so I was pretty conked out the entire day. Friday was about the same. Strong stuff, but today I seem to be more alert. For now, anyway.

My white cell count continues to drop, which is paradoxically a good thing. Basically, my immune system will drop nearly to zero, probably around Monday or Tuesday, and then begin rebounding. Assuming nothing goes wrong, the main effect will be lots of fatigue and poor appetite. So let’s hope nothing goes wrong, shall we?

In the meantime, while I wait for a guest post from President Obama, my mother has promised to deliver me a traditional chocolate birthday cake of my childhood on Sunday. We shall christen it the Day +3 cake since we’re not even within shouting distance of my birthday at the moment.

Otherwise, today is busy! Marian is here, doing some laundry while I’m being hydrated for four hours. Later my sister is coming, and our friend Eileen a little after that. Should be quite the party.

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Tales From City of Hope #7: Weekend Update

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