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The Wall Street Journal Cons Its Readers Yet Again

Mother Jones

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Every once in a while I get suckered into reading a Wall Street Journal op-ed. I’m not sure why. They’re all the same, after all. Today the clickbait (or is it hatebait?) was “History of a Climate Con” from Holman Jenkins:

A little history is in order to appreciate the cynical nadir of climate politics in the U.S. You wouldn’t know it from media coverage, but the closest the U.S. Congress came to passing a serious (if still ineffectual) cap-and-trade program was during the George W. Bush administration in early 2007. Then, within days of Barack Obama’s election in 2008, Al Gore announced a revelation: the “climate crisis” no longer required such unpleasant, de facto energy taxes. The problem could be solved with painless handouts to green entrepreneurs.

Hooray! Everybody loves a handout. The activist duo Michael Shellenberger and Ted Nordhaus noted that the shift in Mr. Gore’s thinking was “highly significant.” “He knows that cap-and-trade, and most any new regulation, would raise energy prices—a political nonstarter during a recession.”

A proposed oil tax swiftly disappeared from the Obama transition website. With control of all three branches of government in hand, the imminent climate threat to humanity suddenly appeared not so urgent after all—passing a “signature” health-care law did. Democrats, it turned out, were in favor of climate root canal only when Republicans were in charge.

George Bush! Who knew he was such a climate change advocate?

He wasn’t, of course. The 2007 bill was introduced by Joe Lieberman and opposed by George Bush. It eventually failed to overcome a Republican filibuster and went down 48-36. There were a grand total of 7 Republicans who voted to proceed and 4 Democrats against. In other words, it failed because nearly the entire Republican Party opposed it and a handful of Democrats joined them.

Fast forward to 2010. A cap-and-trade bill supported by President Obama passes the House with strong Democratic support and nearly unanimous Republican opposition. This is the most serious cap-and-trade effort of the past decade. But in the Senate, after considerable debate, Harry Reid eventually pulls the plug because he can’t find 60 votes to overcome a Republican filibuster. As in 2007, a cap-and-trade bill fails because nearly the entire Republican Party opposes it and a handful of Democrats join them. Neither the urgency of climate change nor Democratic control of the Senate had anything to do with it.

Nor did Al Gore change his mind on anything after the 2008 election. In the context of a massive recession and the promise of a stimulus bill from the Obama administration, it’s true that he favored spending lots of money on incentives to fund clean energy initiatives. Why wouldn’t he? However, in the same breath he maintained that “the United States should lead the way by putting a price on carbon here at home, and by leading the world’s efforts to replace the Kyoto treaty next year in Copenhagen with a more effective treaty.”

I continually wonder why Wall Street Journal readers enjoy paying good money to get lied to so routinely. There’s almost literally nothing true about that passage above. And yet, apparently this is what the Journal’s audience craves. Why?

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The Wall Street Journal Cons Its Readers Yet Again

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The Gender Pay Gap Is Still About 21 Cents Per Dollar

Mother Jones

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Today is Equal Pay Day, so let’s break down the numbers for the gender pay gap. According to an up-to-date study by Francine Blau and Lawrence Kahn, the current wage gap for annual earnings is 21 cents: On average, women earn 79 cents for every dollar a man earns.

So that’s the headline number. But what are the causes of the gap in men’s and women’s earnings? Blau and Kahn break it down into seven buckets:

You can look at this two ways. The first is to say that the pay gap due to discrimination (the most likely cause of the “unexplained” part of the chart above) is about 10 cents per dollar, since roughly 11 cents is explained by other factors, such as experience in the job, occupation, industry, etc.

The second way—which is my take—is that it’s true that some of the gap goes away when you account for the fact that women tend to work in different jobs than men and take more time off to have children. But that’s all part of the story. When you look at the whole picture, women are punished financially in three different ways: because “women’s jobs” have historically paid less than jobs dominated by men; because women are expected to take time off when they have children, which reduces their seniority; and because even when they’re in the same job with the same amount of experience, they get paid less than men. All of these things are part of the pay gap. Whether you call all three of them “discrimination” is more a matter of taste than anything else.

But however you choose to approach it, the gender pay gap still exists. It’s at least 10 cents per dollar, and more like 21 cents if you accept that most of the mitigating factors are gender-based as well.

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The Gender Pay Gap Is Still About 21 Cents Per Dollar

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Weekly Flint Water Report: April 2-7

Mother Jones

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I got tired of waiting for Michigan’s DEQ to post Friday’s water testing result, so here is this week’s Flint water report through Thursday. As usual, I’ve eliminated outlier readings above 2,000 parts per billion, since there are very few of them and they can affect the averages in misleading ways. During the week, DEQ took 368 samples. The average for the past week was 10.07.

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Weekly Flint Water Report: April 2-7

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Yet Another Feinstein-Burr Bill Has Been Leaked

Mother Jones

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Senators Dianne Feinstein and Richard Burr apparently have very unreliable staffs. Yet another discussion draft of a national security bill they’re jointly sponsoring has been leaked to the press. They really need to tighten up their operation.

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Yet Another Feinstein-Burr Bill Has Been Leaked

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Donald Trump, Skinflint

Mother Jones

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While I was busy over the weekend renovating the hub of my blogging empire, Donald Trump made his first-ever visit to the September 11 Memorial Museum in New York City. While there, he donated $100,000 to the museum:

Reporters who were invited late on Friday to join Mr. Trump for the museum visit, which was not on his schedule, were kept in a media van as he entered the museum. An aide said he would speak with reporters afterward, but Mr. Trump then decided against it. His aides sent out a photo of the Trumps inside the museum about 90 minutes later, along with a statement saying that the rebuilding of ground zero was “what ‘New York values’ are really about.”

The donation check was from Mr. Trump’s foundation, not from him personally. He had been approached over the years by people trying to raise money for the museum, but he never did, until Saturday.

Goodness. When did Trump become so media shy? Maybe it was because he knew the Washington Post was going to drop a story the next day about his repeated claim that he’s given over $100 million to charity in the past five years:

To back up that claim, Trump’s campaign compiled a list of his contributions—4,844 of them, filling 93 pages. But, in that massive list, one thing was missing. Not a single one of those donations was actually a personal gift of Trump’s own money.

Instead, according to a Washington Post analysis, many of the gifts that Trump cited to prove his generosity were free rounds of golf, given away by his courses for charity auctions and raffles.

…Many of the gifts on the list came from the charity that bears his name, the Donald J. Trump Foundation, which didn’t receive a personal check from Trump from 2009 through 2014, according to the most recent public tax filings. Its work is largely funded by others, although Trump decides where the gifts go.

…The most expensive charitable contributions on Trump’s list, by contrast, dealt with transactions related to real estate.
For one, Trump counted $63.8 million of unspecified “conservation easements.”…In California, for example, Trump agreed to an easement that prevented him from building homes on a plot of land near a golf course.

Generally speaking, I’m not keen on judging politicians by how much of their income they devote to charity. But Trump is in a different class. He claims to be worth $10 billion, and he claims to be an extremely generous guy. In fact, he’s a skinflint. His company’s CFO—who seems to double as Trump’s personal financial advisor—says that Trump really has made a lot of personal charitable contributions, but “we want to keep them quiet. He doesn’t want other charities to see it. Then it becomes like a feeding frenzy.”

Uh huh. I will leave the credibility of that statement as an exercise for the reader. Speaking for myself, I think it’s no coincidence that Trump’s two primary residences are near the Brooklyn Bridge and the Florida swamps.

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Donald Trump, Skinflint

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Scientists Undervalue Meticulousness By a Lot

Mother Jones

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According to a note in Nature, honesty and curiosity are the most highly prized traits among scientists.

That’s all well and good. I’m also happy to see perseverance and objectivity on the list. Also humility, attentiveness, skepticism, courage, and willingness to collaborate. But I’m a little dismayed that meticulousness barely even crack the top ten. Most of the greatest scientists in history were extraordinarily meticulous: Newton, Darwin, Galileo, Feynman, etc.

Meticulous attention to detail is how you turn all that curiosity and perseverance into lasting results. It’s also how you maintain your objectivity, your humility, and your skepticism. I hope that in their daily lives, scientists value meticulousness more than they do when they answer survey questions.

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Scientists Undervalue Meticulousness By a Lot

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Paul Krugman Is Annoying

Mother Jones

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Paul Krugman doesn’t think much of Bernie Sanders. Krugman being Krugman, that means he’s been flooding the zone with anti-Bernie columns and blog posts. This hasn’t gone over well with many of his erstwhile fans:

Greg Sargent gets this right. These days, nobody is allowed to be anti-Bernie or anti-Hillary simply because they disagree with them. There has to be some hidden, crypto-conservative agenda involved. In reality, though, this is just Krugman being his usual self. It’s what he does. Lefties are now learning why conservatives find him so annoying.

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Paul Krugman Is Annoying

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CEO Pay Down in 2015, But Still Higher Than Its Bubble Heights

Mother Jones

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Sad news today from the Wall Street Journal. Among CEOs of big companies, stock-based pay was up 7 percent last year and cash pay was up 2 percent. But thanks to slower growth of CEO pensions, overall compensation was down 4 percent.

But perhaps CEOs will be mollified by the broader picture, which you can see in the chart on the right. CEO pay is up about 44 percent since 2007 in nominal terms, and up about 38 percent when you account for inflation. For ordinary workers, pay has decreased 5 percent since 2007 when you account for inflation.

For anyone wondering why Bernie Sanders has struck such a chord with the electorate, this pretty much tells the story. The Great Recession sure didn’t affect everyone equally, did it? Ordinary schlubs paid a high price, but the folks with the most lavish pay to begin with just shrugged it off like it never happened. If the rich wonder why calls to tax high incomes at 90 percent sound pretty good to a lot of people, this should clue them in.

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CEO Pay Down in 2015, But Still Higher Than Its Bubble Heights

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Does Obama Still Have That Old-Time Magic?

Mother Jones

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In a few minutes President Obama will be back in Springfield making a speech addressed to his supporters. “You’ve taken on the painstaking work of progress,” he says. “You’ve helped us find that middle ground where real change is won….I hope you’ll tune in today at 2:30 p.m. Eastern.” Andrew Sprung figures this is basically going to be an endorsement of Hillary Clinton:

Obama just sent an email to supporters announcing a speech to be delivered this afternoon. I imagine it will be a message “for” Clinton — both to support her and to model a coherent pitch for incremental change.

….Then there’s “the painstaking work of progress” and the ‘middle ground where real change is won.” Those are memes pointed at this moment, in which the frontrunners in both parties are calling for radical, fundamental change…. Incrementalism is a tough sell, but Obama has made it throughout his career, and he does so more effectively than Clinton. He’s more successful because he’s better at articulating the long-term goal and how the incremental steps move toward them, as well as the historical framework in which those steps fit.

But will it work? Personally, I’ve always viewed Obama as a cautious, pragmatic, mainstream liberal. But his strongest supporters never saw him that way. They really believed he was going to revolutionize Washington DC and end all the bickering. He’d pass universal health care, rein in Wall Street once and for all, and stop climate change in its tracks.

But he didn’t. And the conventional wisdom says that his supporters from 2007—when he first went to Springfield to announce his candidacy—are disappointed in him. He turned out to be just another go-along-get-along guy, and now he wants to foist a go-along-get-along gal on us. Sorry. No sale. We’re feeling the Bern these days.

We’ll see. But I will say this: If Obama really wants to help Hillary Clinton, he can’t afford too much subtlety. Any criticism of radical change will be read by liberals as primarily an attack on Donald Trump unless he makes it crystal clear what he’s talking about. Tune in at 2:30 and find out!

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Does Obama Still Have That Old-Time Magic?

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Arabic Social Media Goes Gaga Over Sisi’s Red Carpet

Mother Jones

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Nothing says “I care about poor people” like driving to a new housing project on a red carpet 2.5 miles long. Amirite? But this has a secret subtext: When Egyptian president Abdel-Fatah al-Sisi motored his way to a grand opening ceremony Saturday on a carpet this size, it was apparently a sign that the military is pleased with him. I guess the more they like you, the longer the carpet:

Brig Gen Ehab el-Ahwagy explained on several talk shows on Sunday night that the carpet was not purchased by Sisi’s administration and the same one had been used for more than three years for similar occasions.

“It gives a kind of joy and assurance to the Egyptian citizen that our people and our land and our armed forces are always capable of organising anything in a proper manner,” Ahwagy told the TV talk show host Amr Adeeb. “It is laid out in a way to beautify the general area, so it gives a good impression of the celebration that is being broadcast to the whole world.”

See? No big deal. And certainly no reason to postpone a speech warning that Egypt is in dire financial trouble and will soon have to stop subsidizing water and electricity bills for low-income families.

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Arabic Social Media Goes Gaga Over Sisi’s Red Carpet

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