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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 52: Secrets of Happiness

‘Worst case scenario’ of Florida real estate crisis revealed as desperate residents flee

Stephan: 

I have been telling you for years now that Florida is heading for a massive crisis because of climate change and large parts of the state are going underwater. In part this is because the people of Florida elected such an incompetent governor and legislature of racist MAGAt christofascists who are doing far too little to prepare for climate change. Here is the latest in this trend.

Nearly 90 percent of the 20,000-plus units listed for sale in Palm Beach, Broward and Miami-Dade are in buildings aged 30 years and above

The Sunshine State continues to face a potentially catastrophic real estate crisis that could soon cause a mass exodus. 

Real estate expert and realtor Steven Kupchan has revealed what he thinks the ‘worst case scenario’ would be as the costs of condos have soared, especially in southern Florida

Homeowner association fees (HOAs) – paid by residents for general maintenance of the neighborhood or for condos in the shared building – have also caused skyrocketing insurance costs for residents. 

Kupchan, an agent for One Sotheby’s International Realty, told DailyMail.com he thinks the Florida housing market will become severely affected and cause an intense domino effect. 

‘In the worst-case scenario, a significant number of condo associations could go bankrupt due to the inability to cover the costs of necessary repairs and maintenance,’ Kuplan said. 

‘This could lead to widespread foreclosures, plummeting property values, and a ripple effect throughout the local real estate market.

Recently, a new law was introduced […]

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SCOTUS ruling on citizenship proof for new voters has an outsized impact for Native voters

Stephan: 

I confess I had not realized the impact on Native Americans cause by the decision of the christofascist Supreme Court Majority. Here is the story.

An American flag with an image of Native American on it is attached to a fence outside a home in the East To’Hajiilee housing community amid the spread of the coronavirus on May 25, 2020, in To’Hajiilee Indian Reservation, New Mexico.
Credit: Sam Wasson | Getty

With the recent U.S. Supreme Court ruling that now requires potential voters to provide proof of citizenship with their state-created voter registration forms, Indigenous voting rights advocates want Indigenous people to know that they can still register to vote as tribal citizens.

Patty Ferguson-Bohnee said that Indigenous people living in Arizona who are enrolled in a federally recognized tribe can use their tribal identification numbers to prove their citizenship.

“As long as a tribal member is an enrolled member of their tribe, they can use that tribal ID number to register on the state form, and that will prove citizenship for purposes of voter registration,” she said, adding that it’s because all Indigenous peoples were declared citizens of the United States in 1924.

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The real reason corporate media won’t cover Trump’s attacks on democracy

Stephan: 

This essay by a retired newsman closely reflects my own feelings: What happened to journalists in the United States that they treat this election like a horse race between equals. It is nothing like that. Who could have imagined in the over two centuries of our nation’s history that in the third decade of the 21st century one of the candidates would be a convicted rapist, multiple felon, multiple-bankrupt traitor, and con artist, committed along with the party putting him forward to ending our democracy, and that this would not be the biggest story since the Second World War? I read The New York Times, and The Washington Post and all the other major newspapers, and watch MSNBC, CNN, and Fox Propaganda. With the possible exception of Rachel Maddow and Lawrence O’Donnell, none of them are covering the news correctly. And, as a country, we are very much the worse for journalism’s failure.

We need to talk about the abominable headline below: Trump Can Win on Character, and how it is we have come to the fatal point where The New York Times and our broken mainstream media seem to need the America-attacking Donald Trump a helluva lot more than the America-attacking Donald Trump seems to need The New York Times and our broken mainstream media.

During the past few, rocky years my feelings about the newspaper I grew up reading as a kid — the paper that influenced me more than any other to become a newspaperman — in the New Jersey suburbs have evolved from surprise, to shock, to disappointment, to anger, to rage, to complete revulsion …

Aside from platforming maniacal, caustic headlines topping spurious content like the one above (which I promise to get to in a minute), this newspaper’s inability to spot the biggest news story of our lifetimes, and treat it with the heft it deserves, is journalistic […]

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Why Americans stopped moving

Stephan: 

Here is the first report I have seen on something I had suspected but not been able to find reliable data on. I see this trend as yet another function of what is happening to the United States because of our grotesque wealth inequality and the reality that as a culture we have no social priority more important than greed and profit. If this is to end we must once again become a society where fostering wellbeing is social goal and purpose. In November, we are going to find out which path we will go down.

Illustration: Lindsey Bailey / Axios

The share of Americans moving has reached its lowest in history — and it doesn’t look like it’s climbing back up anytime soon.

Why it matters: Moving — across town, across the state and across the country — for new jobs and better lives was once a common part of American life. Now, staying put longer is the norm.

By the numbers: In the 1960s, around 1 in 5 Americans moved each year, according to the Brookings Institution.

  • As of 2022, that’s fallen to 8.7% — even accounting for the pandemic-era moves out of big coastal cities and into places like the Sun Belt.

Breaking it down: A collision of key demographic, social and economic trends is driving the decline, William Frey, senior demographer at Brookings, tells Axios.

  1. Younger people, who are responsible for the bulk of local, inter-county moves, are living with their parents for longer and delaying marriage and starting families.
  2. America as a whole is aging. The […]
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A mysterious group of Republicans is secretly rewriting the Constitution

Stephan: 

Thom Hartmann, has it right. This is what journalists should be covering, what their editors and producers should be asking them to focus on. I don’t think most Americans really understand what the christofascists and the billionaires who control them are really trying to achieve. But Hartmann gets it just as I do. Have you realized this?

Credit: Raw Story

Republicans have pulled off a coup against an entire branch of government, and nobody seems to have noticed. But if you pay attention, it’s shocking.

Sometimes you can learn as much from attending to what Republicans suddenly stop saying as from what they are talking about. In this case, it’s their half-century-long obsession with convening a constitutional convention to rewrite the US Constitution. Under Article V of our Constitution, when two-thirds of the states formally call for a “con-con” to rewrite our nation’s founding document, it officially comes into being.

They can then make small changes like enshrining the right of billionaires and corporations to bribe judges and politicians, or insert the doctrine of corporate personhood into the document, or simply throw the whole thing out and start over. Many on the right are hoping to insert a national ban on abortion into a new constitution; others want to end the […]

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The US Appetite for Electricity Grew Massively in the First Half of 2024, and Solar Power Rose to the Occasion

Stephan: 

Here is some good news about the U.S. transition out of the carbon energy era. We are making progress.

The United States increased its electricity generation from utility-scale solar power by nearly one-third in the first half of this year compared to the same period last year.

Despite that considerable increase in solar, the climate benefits of this growth were undermined by a rapid rise in electricity demand, which was met in large part by an increase in generation from fossil fuels.

This week, the Energy Information Administration released electricity generation statistics for June, which allows for a close look at where we stand halfway through 2024. The numbers tell a story of a country moving in the right direction, but not nearly fast enough.

First, the topline: Generation from utility-scale power plants was 2.1 million gigawatt-hours from January to June, an increase of 5 percent from January to June of 2023. That’s the highest percentage increase in decades when comparing the first half of a year to the first half of the prior year.

Grid planners and analysts have warned that the country is entering a period of rapid growth in electricity consumption to meet the needs of data centers, factories and other new construction. This follows […]

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Why Trump’s new trading cards are a very bad bet

Stephan: 

Convicted rapist and felon, and committer of treason, multiple-bankrupt, and worker cheater, Donald Trump is something from the darkest part of the American Id. Phony steak deals, phony university deals, vulgar gold gym shoes, and on and on, and now trading cards and pieces of one of his suits. Running for the Presidency is a scam to keep himself out of prison, should he win the Presidency the scams and grifts will be endless. I do not see how any voter, of any gender or color could vote for him, yet I know millions will. The media is covered with shame for their poor journalism about him, and what was once the Republican Party is now nothing more than a scammer’s cult. As a society we are very sick, and we need to elect Kamala President for President. Not because she is a perfect politician, she certainly isn’t, but she is oriented towards social policies that promote wellbeing, and that is the path to healing ourselves as a nation.

Screenshot of a digital trading card (NFT) of Donald Trump revealing a monogrammed bodysuit and fire blazing out of his eyes.
Credit: Collect Trump Cards

Trading cards have had a healthy resurgence in the past five years. Parents are collecting with their children, card shows are happening all over the country, and private equity and venture capital is flowing into trading card grading companies, auction houses and events.

At the moment it seems everybody wants in on the trading card business, including former President Donald Trump, who recently announced he will be selling a new collection of digital trading cards, called the “America First Collection,” on his website. The Trump trading card NFT’s will feature 50 new portraits of the former president, according to a promotional video Trump shared on Truth Social showing images of the cards with him dancing, holding bitcoins, standing next to a buffalo or a lion, and striking various poses.

By now we’ve learned that mass production and proliferation of trading cards […]

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The thrill of AI is fading — and Wall Street is getting a little more clear-eyed about its actual value

Stephan: 

Here is the latest assessment about AI. What I found notable, and so typically American, is that the assessment has nothing to do with whether AI promotes or degrades social wellbeing. It is entirely a report about profit. Our media and the journalists who staff it don’t seem to have the capacity anymore to even think about social wellbeing; that is one of the reasons we have become the kind of country we are.

Nvidia has ridden the AI hype wave to become one of the most valuable brands on the planet, achieving a $3 trillion valuation that puts it among giants like Apple and Microsoft. 
Credit: Ann Wang/Reuters

The world’s leading AI chip producer, Nvidia, just delivered a slam dunk earnings report that most businesses would be jealous of. Sales rose 122% in the second quarter. Profits doubled. The outlook for the current quarter? Strong.

In short: The numbers were fantastic.

Yet Nvidia’s shares (NVDA) slumped 7% after its earnings came out Wednesday night, and they stayed down Thursday. For a stock that’s up more than 150% for the year, that’s nothing to fret over.

But the dip says a lot more about Wall Street than it does about Nvidia.

Here’s the deal: Wall Street has been all aboard the AI hype train for the better part of the last 18 months. Wherever investors see potential AI profit, they’re throwing money at it.

Nvidia, once a relatively niche computer chip maker, has been the biggest […]

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