“Judge James Ho is not a nuclear scientist, an expert in energy policy, an atomic engineer, or anyone else with any specialized knowledge whatsoever on how to store and dispose of nuclear waste.
Nevertheless, Ho and two of his far-right colleagues on the United States Court of Appeals for the Fifth Circuit just put themselves in charge of much of America’s nuclear safety regime — invalidating the power of actual nuclear policy regulators to decide how to deal with nuclear waste in the process.”
“China’s economy is out of balance and has been for some time. Investments dominate the country’s economy, far more than consumption — that is, what households are spending. It didn’t matter so much when investment juiced China’s GDP in good times, and indeed, kept China’s economy afloat during the Covid-19 pandemic.
But that investment playbook has been losing its potency. A chunk of investments are unproductive — for example, a shiny new airport is great, but if it sits empty and no one travels through it, that’s not a great return on investment. But whether the airport is busy or a ghost town, it required bonds and loans to build. That produced growth, but it also increased China’s debt, so much so that right now, it’s triple — yep, around 300 percent — the amount of China’s economic output. “That doesn’t really matter until the debt has to be settled. More stimulus simply increases debt and delays the reckoning,” Morgan said.
What that reckoning might look like is hard to answer because the Chinese government and its leader, President Xi Jinping, are not exactly known for transparency. As Morgan sees it, China is dealing with a “slow fizzle.” But how Xi and his government manage that fizzle is far from an easy question for anyone to answer.”
“If you were to guess America’s biggest source of water pollution, chemical factories or oil refineries might come to mind. But it’s actually farms — especially those raising cows, pigs, and chickens.
The billions of animals farmed each year in the US for food generate nearly 2.5 billion pounds of waste every day — around twice as much as people do — yet none of it is treated like human waste. It’s either stored in giant pits, piled high as enormous mounds on farms, or spread onto crop fields as fertilizer. And a lot of it washes away into rivers and streams, as does synthetic fertilizer from the farms growing corn and soy to feed all those animals.
“These factory farms operate like sewerless cities,” said Tarah Heinzen, legal director of environmental nonprofit Food and Water Watch. Animal waste is “running off into waterways, it’s leaching into people’s drinking water, it’s harming wildlife, and threatening public health.”
Yet in practice, the Environmental Protection Agency appears to be largely fine with all that.”
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“While the entire food sector benefits from agricultural exceptionalism, animal agriculture is especially privileged. Meat and dairy producers get far more subsidies than farmers growing more sustainable foods, like beans, vegetables, fruits, and whole grains.”
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“Big Ag often argues its exceptional status is justified because farming is indeed exceptional, given the essential nature of its product: food. But Secchi argues this is the wrong way of thinking about it. Since the early days of American agriculture, farming has been a business like any other, focused on high output, which has led to excess supply and profitable exports around the world.
And we don’t apply exceptionalist logic to any other industry. Energy production, for example, is highly polluting but essential to human flourishing, just like food, so we push to make our laws and economy limit the industry’s externalities and scale renewable forms of energy.”
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“Jefferson’s vision never came to pass. Small farms have been squeezed out by big farms, due in part to American farm policy advocated for by the same elected officials who evoke the Jeffersonian ideal.
What’s left is a highly consolidated agricultural sector, with many farmers precariously employed as contractors for corporations, and a radically uneven distribution of farm wealth”
“”If policymakers double down on the same prohibitionist policies they have employed for over 50 years, deaths from illicit drug overdoses will continue to rise. Doing the same thing repeatedly, with even more vigor this time, will not yield a different result,” Singer told lawmakers. “Prohibition makes the black market dangerous because people who buy drugs on the black market can never be sure of the drug’s purity, dosage, or even if it is the drug they think they are buying.”
Singer recommends ending drug prohibition to allow for a legal market that deals in products of known dosage and purity. A legal market won’t stop people from getting high, but it will end the escalation between punitive law enforcement on the one hand and drug innovation and potency on the other.
Short of legalization, the Arizona surgeon suggests lawmakers focus on eliminating laws that stand in the way of harm reduction, such as those that criminalize drug paraphernalia (driving users to share needles and diseases) and bar the distribution of drug test strips (rendering it difficult to identify drugs). Making naloxone available over-the-counter was a good step towards reducing deaths since it reverses the effects of opioid overdoses. That’s an approach that gets law enforcement out of the way rather than doubling down on failure.”
“The DEA is empowered by federal law to set annual production quotas for all Schedule II narcotics, including amphetamines. Once it sets the quotas, companies apply for a piece of the total and are forbidden from manufacturing more than their allotment. Despite seeing a sharp increase in prescriptions for ADHD treatment, and in spite of an FDA-reported shortage, the DEA kept the same 2022 levels for its 2023 amphetamine quotas.
Earlier this month, the FDA and DEA put out a joint statement to address the continuing shortage. The statement noted that “for amphetamine medications, in 2022, manufacturers did not produce the full amount” allowed under the quotas. While the agencies “cannot require a pharmaceutical company to make a drug, make more of a drug, or change the distribution of a drug,” they nonetheless “called on manufacturers to confirm they are working to increase production to meet their allotted quota amount.”
But there’s more to the story than manufacturer supply. State and local governments sued the three largest pharmaceutical distributors and Johnson & Johnson over claims that the companies had contributed to opioid abuse and deaths. In February 2022, the companies settled for $26 billion and cracked down on potentially suspicious orders of controlled substances from independent pharmacies. As a result, many pharmacies were limited in the drugs they were able to order; some were banned altogether.”
““I really didn’t remember giving the fans a second thought. I was a selfish drug addict, alcoholic. I only cared about myself,” Lowson said. “So no, that didn’t go through my head when I was like that. It was only afterward.”
Eventually, the FBI raided the Wiseguy Tickets office in February of 2009, which indirectly led to the BOTS Acts of 2016 getting passed through Congress. Although that ultimately just encouraged software developers to come up with more savvy alternative ways to get around the system.”
“The National Flood Insurance Program (NFIP), managed by the Federal Emergency Management Agency, was created in 1968 to help homeowners in flood-prone areas afford insurance. Federal law requires that mortgaged properties in designated flood hazard areas carry flood insurance, but insurance premiums in oft-flooded areas are significantly more expensive (if they’re even offered at all). The NFIP offers federal backing for policies that private insurers would not otherwise touch or that would be too expensive for most people to afford.”
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“providing insurance to an otherwise uninsurable market comes at a price: A 2011 report by the nonpartisan Government Accountability Office (GAO) found that 22 percent of NFIP’s policies were issued at subsidized rates, about 40–45 percent of the cost of an unsubsidized policy. Between 2002 and 2013, the NFIP collected between $11 billion and $17 billion fewer in premiums than the market would have dictated.
As a result of charging premiums below market rate, the NFIP often runs over budget”
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“The policies themselves don’t make financial sense. NFIP policy holders are not limited in how many claims they can file or how much money they can receive. As a result, more than 150,000 properties nationwide have flooded multiple times and received NFIP reimbursement each time.”
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“An insurance company’s refusal to provide coverage in a high-risk area provides a disincentive to anyone who chooses to live there: When the inevitable happens, you’ll be responsible for the damage yourself.
But when the government assumes the risk on an insurer’s behalf and makes insurance cheaper than the market would dictate, it creates incentives for people to live in dangerous areas more likely to be battered by extreme weather events.
There is evidence that NFIP’s artificially cheaper policies have done exactly that. A 2018 study by Abigail Peralta of Louisiana State University and Jonathan Scott of the University of California, Berkeley, found that after a county joins NFIP, its relative population “increases by 4 to 5 percent” as residents stay in high-risk areas as opposed to moving away.”
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“Two decades ago, John Stossel relayed the story of his beach house in the Hamptons, built on the edge of the water and insured for just a few hundred dollars a year through NFIP. It was fully or partially rebuilt multiple times over the years before finally getting washed away in a storm, with taxpayers footing the bill each time.
As the 2023 hurricane season gets underway, it’s high time for Congress to end the NFIP—a program that goes billions of dollars into debt providing subsidies to keep mostly wealthy people living in high-risk areas.”