IF YOU ENJOY SR AND FIND IT USEFUL WOULD YOU PLEASE DONATE

When I began Schwartzreport my purpose was to produce an entirely fact-based daily publication in favor of the earth, the inter-connectedness and interdependence of all life, democracy, equality for all, liberty, and things that are life-affirming. Also, to warn my readers about actions, events, and trends that threaten those values. Our country now stands at a crossroads, indeed, the world stands at a crossroads where those values are very much at risk and it is up to each of us who care about wellbeing to do what we can to defend those principles. I want to thank all of you who have contributed to SR, particularly those of you who have scheduled an ongoing monthly contribution. It makes a big difference and is much appreciated. It is one thing to put in the hours each day and to do the work for free, but another to have to cover the rising out-of-pocket costs. For those of you who haven’t done so, but read SR regularly, I ask that you consider supporting it.

— Stephan

SCHWARTZ REPORT PODCAST

Schwartz Report Episode 28: Mind, Body, and Social Dimension

References to further explore this episode can be found HERE

The economic commitment of climate change

Stephan: 

I am beginning to see in the science literature a really serious analysis of the economic damage that is going to be wrought by climate change, and it is alarming. This paper in nature is quite technical but I decided to bring it to your attention to make this point. While the Republican/TCP cretins in the House behave like children fighting in kindergarten, the clock is ticking and the U.S. is not responding properly to protect social wellbeing damage this nature paper describes.

Abstract

Global projections of macroeconomic climate-change damages typically consider impacts from average annual and national temperatures over long time horizons1,2,3,4,5,6. Here we use recent empirical findings from more than 1,600 regions worldwide over the past 40 years to project sub-national damages from temperature and precipitation, including daily variability and extremes7,8. Using an empirical approach that provides a robust lower bound on the persistence of impacts on economic growth, we find that the world economy is committed to an income reduction of 19% within the next 26 years independent of future emission choices (relative to a baseline without climate impacts, likely range of 11–29% accounting for physical climate and empirical uncertainty). These damages already outweigh the mitigation costs required to limit global warming to 2 °C by sixfold over this near-term time frame and thereafter diverge strongly dependent on emission choices. Committed damages arise predominantly through changes in average temperature, but accounting for further climatic components raises estimates by approximately 50% and leads to stronger regional heterogeneity. Committed losses are projected for all regions except those […]

Read the Full Article

1 Comment

Nobody “Earns” a Billion Dollars. We Need a Wealth Tax.

Stephan: 

As this interview report says, “The planet is getting hotter and the richest 1 percent of humanity accounts for more carbon emissions than the poorest 66 percent. Indeed, the interconnection between climate change and economic inequality has emerged as a central theme in serious economic analyses and a focal point of climate activism.” Much of this is a result of the Trump-Republican/TCP 2017 tax cut which was entirely rigged to support the rich and harm the poor. The Trump-Republican/TCP has already made it clear that if criminal Trump is elected they are going to try for further tax cuts for the rich and major reduction of Social Security, Medicare, Medicaid and other social support programs. Vote for Trump and you are voting to degrade your own wellbeing.

Protesters gather at Greeley Square in Midtown Manhattan on November 27, 2017, in New York City.
Credit: Erik McGregor / Ligthrocket / Getty

U.S. billionaires have seen their wealth nearly double since the Trump tax cuts took effect in 2017. In the meantime, the planet is getting hotter and the richest 1 percent of humanity accounts for more carbon emissions than the poorest 66 percent. Indeed, the interconnection between climate change and economic inequality has emerged as a central theme in serious economic analyses and a focal point of climate activism.

In the exclusive interview for Truthout that follows, progressive political economist James K. Boyce — who has just received the inaugural Global Inequality Research Award from Sciences Po and the World Inequality Lab for his groundbreaking work in the field of economic and environmental inequalities – explains the main causes behind the broad trend of rising inequality in the U.S. and globally, and how it is linked to environmental degradation.

However, as Boyce makes clear, environmental degradation does not impact everyone equally. […]

Read the Full Article

1 Comment

The Car Fueled Entirely by the Sun Takes Huge Step Towards Production

Stephan: 

Here is the next generation of EVs. This is very good news. Add roads that charge vehicles, and humans seriously move out of the carbon vehicle era.

Credit: Aptera / X

One of the most hotly anticipated concept cars in recent history, the Aptera solar-powered car took a large step towards reality recently as the first-ever production-grade body arrived at the company’s headquarters in San Diego.

This three-wheeler is advertised as containing 34 square feet of solar paneling that actually powers the car as it drives or while it’s parked, but so many aspects are completely new in a commercial automobile designed for mass production that extra precautions and preparations are needed before it can hit the road.

“We had so much fun last week celebrating a company milestone—the arrival of Aptera’s first production body in San Diego,” the company wrote in a post on X. “Now Team Aptera is back to work finalizing the cable routing, connectors, and placement of components in preparation for our first [production-intent] builds.”


According to Elektrek
, the company has ordered all the parts for its production-intent battery packs, and other non-structural components are currently […]

Read the Full Article

No Comments

Another House Republican to quit citing Capitol Hill ‘dysfunction’

Stephan: 

Never in the last century have so many people of one party walked away from a career in Congressional public office. I don’t think anything could make it clearer that the TCP have taken over the Republican Party and those in the House have no interest in actually governing to foster wellbeing. They have other agendas, other priorities, and Republicans who still care about keeping the United States as a democracy.

Hopefully, the November election will result in criminal Trump losing and both houses of Congress being under the control of the Democrats. I don’t say this as a partisan I say it as someone who believes the function of government should be fostering wellbeing. And the TCP/Republicans are stopping that from happening.

Republican Representative Jacob LaTurner (R-KS) Credit: Andrew Harnik / Getty

Another Republican announced Thursday he’s leaving the House and heading home.

Rep. Jake LaTurner (R-KS) declared his decision not to seek reelection in the fall in a public statement on X that both acknowledged and downplayed criticisms that his party has spurred chaos in the House of Representatives.

“Undoubtedly the current dysfunction on Capitol Hill is distressing,” LaTurner wrote. “But it almost always has been; we just didn’t see most of it.”

LaTurner, 36, said he left to pursue other opportunities, unspecified with the exception of the chance to spend more time with his wife Suzanne and their four young children.

“I remain optimistic about the future of this country not only because we have overcome more significant obstacles in the past, but that the vast majority of people I have served with are good and trying to do the right thing,” he wrote.

“It has become fashionable for some to fear for the future of this country and act […]

Read the Full Article

3 Comments

There Are Dark Corners of the Internet. Then There’s 764

Stephan: 

On balance, I am not sure the internet is a positive influence in society. I see more and more stories about White supremacists organizing violence, the fake porn of barely pubescent girls circulated through their schools, the scamming of the elderly, and the weaponization of lies to manipulate voters. Then, today, I came across this one. And while all this damage is being done the American Congress behaves like cultish teenagers and nothing gets done. Based on the evidence it is clear the dark side of the internet is a constant social cancer.

Accounts branded with 764 were prevalent on Instagram, where users posted graphic images. Meta, Instagram’s parent company, says has banned 764-related accounts that violate its rules. Credit: Ali Winston / Instagram

WIRED collaborated with Der Spiegel, Recorder, and The Washington Post on this reporting. Each wrote separate stories that the news organizations agreed to publish in tandem. This story contains descriptions of abuse, self-harm, murder, and suicide. Reader discretion is advised.

It sounds like a cheap true-crime conspiracy: An international network of predators steeped in Satanism lure children from seemingly harmless online platforms like DiscordMinecraft, and Roblox and extort them to sexually exploit and grievously harm themselves. Some victims are even pushed to suicide.

Except it’s true.

A reporting consortium including Der SpiegelRecorderThe Washington Post, and WIRED has unearthed a sprawling ecosystem that has targeted thousands of people and victimized dozens, if not hundreds, of children using some of the internet’s biggest platforms. Law enforcement believes the “com” network encompasses a swath of interlocking groups with thousands of users, including hundreds of hardcore members who victimize children through coordinated online campaigns of extortion, doxing, swatting, and harassment.

This reporting consortium has obtained and analyzed more […]

Read the Full Article

2 Comments

Bioengineered Corneas Stand to Cure Blindness For Millions of People Around the World

Stephan: 

Here is what looks like wonderful good news. As a person who has worn glasses or contacts since I was 8 years old, I immediately reacted with positive thoughts when I read this report. I will stay in touch with this emerging technology and keep SR readers up to date.

Professor Sutton at work. Credit: Stefanie Zingsheim / University of Sydney

In an interview with the Brisbane Times, an Australian ophthalmologist and biotech entrepreneur lays out his vision for a world in which curing blindness in millions of people worldwide is easy and can be done with a bit of cell replication and a 3D printer.

Professor Gerard Sutton is co-founder of Bienco, which he claims now possesses a product—both physical and intellectual—that will soon be able to mass-produce natural corneas for transplantation into the blind.

Cornea transplantation is the most common way of restoring lost sight, but it’s a very technical procedure that relies on donors. The thin see-through “windscreen” of the eyeball, damage or disease to the cornea is a major cause of non-hereditary blindness worldwide.

In the interview, Sutton’s voice shrinks as he recalls a trip he took to Myanmar in 2004 when he was hoping to help the situation of blindness from the previous civil war by training surgeons to perform cornea transplants. On ice, he said, he had brought along […]

Read the Full Article

1 Comment

Economic performance is stronger when Democrats hold the White House

Stephan: 

I have been telling you for 30 years that Republican governance at any level is always inferior in terms of average individual and social wellbeing when compared with Democrat governance. The data on this is irrefutable. It is one of the tragedies of U.S. history that about a third of Americans either don’t understand this or are not intelligent enough to comprehend it. Here is the latest data to confirm what I am saying.

Key findings

  • Since 1949, there has been a Democratic advantage in the average performance of key macroeconomic indicators measuring economic health, including:
    • Gross Domestic Product (GDP) growth
    • Job growth
    • Unemployment rate
    • Growth in inflation-adjusted wages
    • Growth of market-based incomes per capita
    • Inflation
    • Interest rates
  • This Democratic advantage is across the board in all variables we measure but strongest in private-sector outcomes—notably, business investment, job growth, and the growth of market-based incomes. 
  • Household income growth (adjusted for inflation) was faster on average and far more equal during Democratic administrations, and the Democratic advantage shows up for every group.  

Why this matters

We suspect that the simple facts on economic performance during Democratic and Republican administrations aren’t well known. Providing accurate economic information at a time of rampant misinformation supports an informed citizenry. 

Full Report

The US economy has performed better when the president of the United States is a Democrat rather than a Republican, almost regardless of how one measures performance…The superiority of economic performance under Democrats rather than Republicans is nearly ubiquitous: it holds almost regardless of how you define success. By many measures, the performance gap is startlingly large. (Blinder and Watson 2016)

This quote is not from an op-ed written by a political pundit; it’s […]

Read the Full Article

2 Comments

U.S.: Leader or Loser in the G7?

Stephan: 

The United States is a declining society, and is seen as such by the other developed democracies, as vouchsafed by hard data. Here is the latest from Gallup.

LONDON, U.K. — For the first time in almost two decades of polling, the United States now lags behind most of the other leading industrialized nations in the G7 across a range of Gallup indicators. The U.S. trails several G7 countries when it comes to its own people’s confidence in the national government and key institutions — including the military and the judiciary — as well as the ability of its people to meet their basic needs.

Americans No Longer Most Confident in Military

Since 2006, Americans’ confidence in the nation’s military has stood out among the G7. Even though it continues to spend more on its military than most nations on Earth combined, Americans’ confidence in their armed forces dipped to a new low of 81% in 2023, for the first time falling significantly below the ratings of another G7 member country (France).

These results mirror the decline in Americans’ confidence in the military observed in other Gallup polling in 2023. More recently, in February 2024, Americans were split in their views of funding the military and national defense. Similar proportions felt […]

Read the Full Article

No Comments