Monthly Archives: January 2021

On The Roof With…Green Roof Performance Expert Kirstin Weeks – Living Architecture Monitor magazine

Posted: January 19, 2021 at 9:25 am

Sourced from the Living Architecture Monitor

A leader in regenerative and netpositive design, Kirstin works with owners, cities and integrated teams to create living, resilient built environments where people and ecosystems thrive together. She has led some of the most cited studies on green roof performance and cost-effectiveness for clients such as the US GSA, Walmart and City and County of San Francisco.

After over a decade at Arup delivering sustainable office, mixed-use, civic and education projects, Kirstin launched Bio Studio, an ecological design consultancy based in the San Francisco Bay Area. Kirstin knows more about the economics of green roofs than just about anyone, and I was fortunate to catch her at her home office for this edition of On The Roof With.

Steven W. Peck (SWP): Kirstin, you've been involved in a number of very important economic studies about green roofs for both public and private sector clients over the past decade? Many of the benefits of green roofs are context specific, both in terms of the objectives for the green roof on the building and the policy context of the jurisdiction. Generally speaking from a private sector perspective, where does the business case for green roof investment principally lie - in savings, revenue generation or both?

Kirstin Weeks (KW): I would say that the business case depends heavily on context. All green roofs will tend to produce returns like building energy savings and protection and life extension of the roof membrane, saving money on reroofing over time. But some of the biggest potential returns come from human experience. In an average office, for example, the investment made in peoples salaries and benefits might be 100x the cost of utility bills. Studies have repeatedly shown increased satisfaction and productivity when people have views of nature. Taking a short break in a natural setting can reduce stress levels for hours afterward. So if a green roof is visible or accessible, weve seen that the small uptick in productivity has the potential to pay back the entire investment in the green roof in a year or less, whereas the utility savings would tend to take decades. Another scenario where green roofs can pay back quickly is in new buildings that are subject to stormwater management or open space regulations. In some policy environments and on certain sites, it is actually cheaper to build a building with a green roof than to meet the regulations without one.

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Couer Mining subsidiary awards $30m contract to SNC-Lavalin | Supply Chain & Operations – Mining Global – Mining News, Magazine and Website

Posted: at 9:25 am

SNC-Lavalin has been awarded a $30 million contract by Coeur Rochester, a wholly owned subsidiary of Coeur Mining, to provide construction management services for the Plan of Operations, Amendment Number 11 expansion project at Coeurs Rochester mine near Lovelock, Nevada.

In a statement, SNC-Lavalin said the contract, which started in Q4 2020, aims to be completed by the end of 2022. The POA 11 expansion project includes the construction of a new crushing plant, including a primary, secondary, and tertiary crushing circuit (high pressure grinding rolls).

Included in the contract is a new heap leach pad (300,000,000 tons), new Merrill Crowe process plant (13,750 gallons per minute), and upgrades to existing electrical utility system infrastructure, including a substation and power distribution lines. The deal is aligned with the companys new strategy to target the Services segment.

SNC-Lavalins Mining & Metallurgy strategic plan is gaining traction with this mandate. It is an example of the mining services work that our team is winning across our core geographies, including the United States of America. SNC-Lavalin and Coeur continue to foster a strong relationship that finds and executes services solutions to create world-class operations, said Csar Inostroza, Senior Vice-President, Mining & Metallurgy, SNC-Lavalin.

This award is a testament to the continued partnership between SNC-Lavalin and Coeur. It leverages our knowledge of the Rochester mine and engineering expertise from the previous phase of this project and expands our work in the US.

The project mandate is well aligned with SNC-Lavalins expertise in silver, gold and base metal project delivery, as well as its commitment to delivering real value to its clients, Inostroza asserts.

SNC-Lavalins offices in Reno, Nevada and Toronto, Ontario will continue to support the construction management phase of the project. In addition, a team based locally at the site will manage construction-related activities, he adds.

The strong business partnership between Coeur and SNC-Lavalin will help ensure a robust project delivery for Rochester, paving the way for improved performance in the future. states Terrence F.D. Smith, Coeurs Senior Vice President and Chief Development Officer. All of us at Coeur look forward to continue working with SNC-Lavalin as we advance this pivotal project.

Since approval of the initial Plan of Operation in 1986, the Rochester mine has undergone periodic mine plan amendments to support development projects and continued operations. The Plan of Operations, Amendment Number 11 (POA 11) proposes another mine life extension, which is expected to maintain the current workforce and support full production activities at Rochester until 2033.

Coeurs Rochester mine is located 100 miles northeast of Reno near Lovelock, Nevada. It is an open-pit mining operation that produces silver and gold. Mining methods include typical open-pit techniques where ore and waste rock are drilled, blasted, crushed, loaded and hauled to either leach pads (ore) or rock disposal sites, the statement explains.

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True love, untimely death and robotics – Belfast Telegraph

Posted: at 9:25 am

Playing a robot is no mean feat. Imagine wearing a rigid suit that covers everything other than your eyes and nostrils, affecting your breathing and leaving you with very narrow vision and unable to hear very well.

hen there's the four-and-a-half hours spent in make-up every morning.

That was English-French actress Stacy Martin's experience on the set of new sci-fi thriller Archive, written and directed by Gavin Rothery - and she confides she "had moments where I was definitely quite moody".

But the costume was also helpful for the 30-year-old, whose breakthrough role was in 2013 film drama Nymphomaniac.

"Having this sort of armour, that was also quite restricting, was something that was actually really helpful for the character, because she struggles with her identity and who she is, and learning how to move in a different way - or learning how to breathe - was part of that character's journey, for me," she says.

Archive, which is set in the future (the year 2049) also stars Theo James - known for the Divergent film series and ITV drama Sanditon - as a roboticist named George Almore.

He has been working on a model that is a true, human equivalent android, and his latest prototype, J3 (Martin) - which has been achieved through two earlier prototypes, J1 and J2 - is almost complete.

What soon becomes clear is that George has secretly skewed the focus of his work: developing the robots towards the goal of creating a simulacra of Jules, his wife who died in a car crash (also played by Martin).

Jules is still present in George's life via a new form of life-extension technology - the Archive. But the Archive unit is under threat, and if George isn't to lose his wife completely, he urgently needs to complete the construction of J3.

The detail that Rothery has put into the world he has built within the film is seriously impressive; it really immerses you.

What also struck James (36) about the script was that it was a "really interesting conceptual piece of work".

"It had something interesting to say about the quality of human life- and what it means to be human," muses the actor.

"Beyond that, the idea of trying to recreate love - or a piece of someone's soul, however you want to define it -in something that was mechanical, essentially, and how far you can go to create that."

So, how did James try to understand his character's motives?

"You have to bring a piece of yourself to every character you play, so you try and see parallels in your own life and imagine how far you would go if you had lost the most important person to you, so you find some mutual ground there," he suggests.

"Also, I think I was drawn, personally, to the idea of the existential question of, 'If you imbue something with enough quality and characteristics of humanity, at what point does it become human?'"

Martin joined the cast quite late - just three weeks before shooting. But she was drawn to the role because she "needed something a bit different" at the time - and she also liked "how much love there was in the project".

"I don't know much about sci-fi and I was just very naive about that genre and, just by talking with Gavin, you really felt his passion for that genre, for film-making, and for this story," she says.

Rothery, who originally worked as an illustrator and comic artist, came up with the idea for Archive after he "had a really bad weekend".

"As a freelancer, both my computers died," recalls the film-maker, who also worked on sci-fi drama Moon. "It was a Sunday afternoon and I couldn't do anything to fix them. I lost a load of data - some kind of power surge, I never really found what happened.

"It cost me a couple of thousand pounds getting data recovered from hard drives, it was awful.

"I felt like my computers had killed themselves, basically, to spite me. It felt like a personal attack. So that kind of idea of a computer killing itself to spite somebody really lodged in my brain.

"That then led me into the story arc of what if there was somebody creating a human equivalent machine intelligence, and as soon as he turned it on, it just killed itself? So, it was kinda dark. I was in a bit of a funk - losing all my data was bad."

And so out of one "really bad weekend", the idea was born for one really good movie plot.

Archive will be released on digital download on 18 January

Belfast Telegraph

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Vaccines and Ventilators: Need, Outcome or a Right to a Fair Go? – Practical Ethics

Posted: at 9:25 am

Written by Julian Savulescu and Jonathan Pugh

The current UK approach to allocating limited life-saving resources is on the basis of need. Guidance issued by The General Medical Council states that all doctors must Make sure that decisions about setting priorities that affect patients are fair and based on clinical need and the likely effectiveness of treatments

This is most vividly illustrated in the JCVIs strategy for vaccination: the prioritization order recommended by JVIC and that the UK Government is intentioned to follow is:

1. older adults resident in a care home and care home workers

and then younger age groups in descending order.

The aim of this scheme is to address the greatest need and possibly also to save the greatest number of lives. Indeed, the JCVI state that their priority groups represent 99% of preventable mortality from COVID-19.[1] The downside of this strategy is that people in each lower tier will predictably and avoidably die as they wait for the tier above to be vaccinated.

To take an example. A systematic review and meta-analysis of infection fatality rates in Covid-19 suggests that the chance of an infected 80 year old dying from COVID-19 is 15%. The chance of a infected 65 yr old dying is 1.4%. For a 25 year old, it is 0.01%. While the strategy focuses on over 80 year olds, some 65 year olds will die. They can legitimately complain that they were at an increased risk and should have had a chance to access the vaccine.

The procedure will save the most lives, but with no regard to length or quality of life (utilitarianism). But it also has no regard to fairness in the following way.

If A has a 15% chance of dying without vaccine, B has a 10%, need says give it to A. But for B, it is the only way to remove a chance of dying. If you have organ failure and your chance of surviving with a transplant is 30%, and mine is 25%, it makes no difference to me that yours is higher. I want my chance.

Studies of the lay publics attitudes to allocation of limited life-saving resources have shown people have commitment to lottery and fairness where outcomes are relatively similar.

One competitor to need is utilitarianism: maximise the outcome in terms of QALYs. This would not favour the current distribution, eg giving vaccine to centenarians. Although QALYs are used to determine resource allocation in healthcare, some have argued that it is unfair to incorporate considerations of quality and length of life into prioritisation.

Another approach gives weight to fairness as well as need and outcome. One of us has called it, after John Mackie, a right to a fair go. It has also been called sufficientarianism. It requires drawing a line a fair go. This could be a minimum reduction in the chance of dying, or raising people to a minimum quality of life, or providing a minimum level of life extension. Distribution of limited resources should then get as many people as possible above the line. It should give as many as possible a fair go.

Consider an example with ventilators. There is only one ventilator and three patients who could have their lives extended.

A would require a ventilator for two weeks and his life would be extended by one year.

A* would have her life extended by 10 years and require it for one week

If A* is treated for one week, either B or B* could be treated in Week 2.

B*s life would be extended by 10 years.

Bs life would be extended by one month

The following combinations are possible. Treat:

A

A* B*

A* B

Utilitarianism would obviously favour the second combination. However, that combination can also be justified by considerations of fairness. If we set the minimum threshold for benefit at more than a year of life extension, then he second combination A* B* gets the most patients across that line. Fairness speaks in favour of A*B.*

The current UK system of vaccine distribution is not fair in the following way. Everyone over the age of 50 is at a significantly increased risk of dying of COVID. Fairness could require everyone over the age of 50, or 60 (depending on where you draw the line of a fair go) having an equal chance of getting the vaccine.

In fact, in Europe, the UK is an outlier is stratifying priority groups by age to the degree that it does. A survey of vaccine priority guidance performed by the European Centre for Disease Control and Protection suggests that the published guidance in many EU countries incorporates a far simpler form of age prioritisation, in which all people over a certain age are prioritised equally. For example, the Netherlands simply prioritises those aged over 60. In this system, an 85 year old has equal priority to a 60 year old. In the UK, these two individuals will receive the vaccine months apart.

Two of us have previously argued that we should give weight to both equality (fairness) and outcome (utility). A right to a fair go strikes this balance.

Giving some weight to fairness will reduce the numbers of lives saved. But it will give more people a chance to benefit from the limited resources.

A plausible alternative to the current need-based distribution is a right to a fair go. One might also call this a Partial Fairness-Based allocation.

This could also be applied to the allocation of ventilators: provided people have a chance of surviving, to gain a life of minimum length and quality, they should have an equal chance. But those who are very old or who have advanced dementia, would not be candidates for ventilators, when these are limited in supply.

How much weight we give to fairness vs utility is value judgement that might not allow a precise answer. And it is a judgment that will be affected by contextual factors, such as the current strain the healthcare system is under. But it is plausible some weight should be given to both utility and fairness. Perhaps we should give everyone over the age of 65 an equal chance of getting the vaccine.

[1] Joint Committee on Vaccination and Immunisation.

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Whitehead Named Coordinator for International and Honors Programs in Bumpers College – University of Arkansas Newswire

Posted: at 9:25 am

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Isabel Whitehead is a Bumpers College alumna, earning her master's degree in agricultural and extension education in 2018.

FAYETTEVILLE, Ark. Isabel Whitehead, a member of the Dean's Office staff as a graduate assistant and in other roles, has been named international and honors programs coordinator for U of A's Dale Bumpers College of Agricultural, Food and Life Sciences.

Reporting to Lisa Wood, assistant dean for international and honors programs, Whitehead's responsibilities include teaching and advising, honors student programming and recruiting, advising honors student leadership groups, researching, and honors administrative and service duties. Whitehead is also coordinating international program promotion and recruitment.

From Houston, Whitehead earned her master's degree in agricultural and extension education from the U of A in 2018 after earning her bachelor's degree in animal science with an emphasis in agricultural education from Sul Ross State University in Alpine, Texas, in 2016. She has been an adjunct instructor in the Department of Agricultural Education, Communications and Technology since 2018.

"I am so delighted to have Isabel join the Dean's Office staff in this role of coordinator," said Wood. "Isabel embraces the mission of Bumpers College to prepare students for successful careers through impactful experiences, such as those provided through our honors and international programs. I have had the pleasure of working with Isabel for nearly three years, and I know the talents and experience she brings to this position. The Bumpers honors and international programs will expand in quality and scope under her guidance."

"I am thrilled to move into the position coordinating honors and international programs," Whitehead said. "I attended a small university with a close-knit agricultural college, so I value the family atmosphere that Bumpers provides. It is an honor that I was able to transition into an instructor role after graduating from the University of Arkansas with my master's degree and to now become a full-time staff member in the Dean's Office. It means a lot to me that I can continue contributing to Bumpers College because the faculty within AECT truly shaped me as a young professional and educator."

Whitehead is identifying weekly, monthly and annual goals and objectives for honors and international programs, serving on the International Program Committee, coordinating email and social media communications, representing Bumpers College at the annual Study Abroad Fair and other events, managing and tracking the faculty-led grant and returning program applications, assisting in selecting the college's international program student mentors, coordinating international program efforts with U of A's Office of Study Abroad and conducting research.

"I am passionate about increasing the accessibility of undergraduate research and study abroad opportunities - these experiences add value to students' educations and truly make a lasting impression on one's future," Whitehead said. "My goal within the international programs office is to highlight existing faculty-led study abroad programs, international internship and research opportunities, and work directly with Dr. Lisa Wood to increase funding opportunities to make studying abroad a reality for as many students as we can once international travel is safe to resume. In the meantime we are piloting virtual program options.

"Within honors, I am focused on demystifying the process of research and creative work, and refining our honors curriculum for first-year students to instill a sense of community and shared pursuit of excellence right from the start," she said.

In addition to her adjunct instructor duties, Whitehead also served as the college's interim diversity and inclusion coordinator in 2019-20.

"My own experiences being mentored through undergraduate research projects directly influenced and empowered me to continue my education and ignited what is now a lifelong interest in research, so I love being able to guide students through those same stages now in my role as an instructor, and as an honors faculty mentor and committee member to multiple students," she said.

About the Dale Bumpers College of Agricultural, Food and Life Sciences: Bumpers College provides life-changing opportunities to position and prepare graduates who will be leaders in the businesses associated with foods, family, the environment, agriculture, sustainability and human quality of life; and who will be first-choice candidates of employers looking for leaders, innovators, policy makers and entrepreneurs. The college is named for Dale Bumpers, former Arkansas governor and longtime U.S. senator who made the state prominent in national and international agriculture. For more information about Bumpers College, visit our website, and follow us on Twitter at @BumpersCollege and Instagram at BumpersCollege.

About the University of Arkansas: The University of Arkansas provides an internationally competitive education for undergraduate and graduate students in more than 200 academic programs. The university contributes new knowledge, economic development, basic and applied research, and creative activity while also providing service to academic and professional disciplines. The Carnegie Foundation classifies the University of Arkansas among only 2.7 percent of universities in America that have the highest level of research activity. U.S. News & World Report ranks the University of Arkansas among its top American public research universities. Founded in 1871, the University of Arkansas comprises 10 colleges and schools and maintains a low student-to-faculty ratio that promotes personal attention and close mentoring.

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Metrion Biosciences and LifeArc Further Extend Neuroscience-focused Ion Channel Drug Discovery Collaboration – BioSpace

Posted: at 9:25 am

Jan. 18, 2021 09:00 UTC

CAMBRIDGE, England & LONDON--(BUSINESS WIRE)-- Metrion Biosciences Limited (Metrion), the specialist ion channel CRO and drug discovery company, and LifeArc, a leading UK independent medical research charity, today announced a 12-month extension of their neuroscience drug discovery collaboration, as a result of the continued success of their ongoing agreement.

The collaboration is focused on the discovery of novel selective small molecular modulators of a specific two-pore domain potassium ion channel target, identified as likely to be involved in neurological pathogenesis, and has now progressed into the hit-to-lead optimisation phase. Initially signed in January 2019, the collaboration agreement was extended for the first time in December 2019. Following the achievement of mutually agreed criteria LifeArc has now exercised the option to extend the programme for a further 12 months.

Under the terms of the agreement, Metrion provides validated ion channel and electrophysiology-based assays and safety profiling services. LifeArc uses its expertise to identify novel modulators of CNS ion channel targets and all new chemical syntheses, with Metrion evaluating the pharmacological activities of LifeArc compounds using both automated electrophysiology and manual patch clamp technologies

Dr Edward Stevens, Head of Drug Discovery, Metrion Biosciences, said: The continued success of our collaboration with LifeArc is testament to the strength of both teams and the long standing and successful research relationship between our companies. The transition to lead optimisation for key chemical series, along with continuation of selected hit-to-lead activities, is very exciting, and I look forward to working together through 2021.

Dr Justin Bryans, Executive Director, Drug Discovery, LifeArc, commented: We are delighted to continue our work with Metrion in the field of neuroscience, capitalising on our combined expertise and capabilities to develop potentially life-changing drugs.

ENDS

View source version on businesswire.com: https://www.businesswire.com/news/home/20210118005028/en/

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Ron Paul: The Unwelcome Return Of The Real Purveyors Of Violence – OpEd – Eurasia Review

Posted: at 9:23 am

With the mainstream media still obsessing about the January 6th violent coup attempt at the US Capitol Building, the incoming Biden Administration looks to be chock full of actual purveyors of violent coups. Dont look to the mainstream media to report on this, however. Some of the same politicians and bureaucrats denouncing the ridiculous farce at the Capitol as if it were the equivalent of 9/11 have been involved for decades in planning and executing real coups overseas. In their real coups, many thousands of civilians have died.

Take returning Assistant Secretary of State Victoria Nuland, for example. More than anyone else she is the face of the US-led violent coup against a democratically-elected government in Ukraine in 2014. Nuland not only passed out snacks to the coup leaders, she was caught on a phone call actually plotting the coup right down to who would take power once the smoke cleared.

Unlike the fake Capitol coup, this was a real overthrow. Unlike the buffalo horn-wearing joke who desecrated the sacred Senate chamber, the Ukraine coup had real armed insurrectionists with a real plan to overthrow the government. Eventually, with the help of incoming Assistant Secretary of State Nuland, they succeeded after thousands of civilians were killed.

As we were unfortunately reminded during the last four years of the Trump Administration, the personnel is the policy. So while President Trump railed against the stupid wars and promised to bring the troops home, he hired people like John Bolton and Mike Pompeo to get the job done. They spent their time clarifying Trumps call for ending wars to mean he wanted to actually continue the wars. It was a colossal failure.

So its hard to be optimistic about a Biden Administration with so many hyper-interventionist Obama retreads.

While the US Agency for International Development (USAID) likes to sell itself as the compassionate arm of the US foreign policy, in fact USAID is one of the main US regime change agencies. Biden has announced that a top humanitarian interventionist Samantha Power would head that Agency in his Administration.

Power, who served on President Obamas National Security Council staff and as US Ambassador to the UN, argued passionately and successfully that a US attack on the Gaddafi government in Libya would result in a liberation of the people and the outbreak of democracy in the country. In reality, her justification was all based on lies and the US assault has left nothing but murder and mayhem. Gaddafis relatively peaceful, if authoritarian, government has been replaced by radical terrorists and even slave markets.

At the end of the day, the Bush Republicans like Rep. Liz Cheney will join hands with the Biden Democrats to reinstate American leadership. This of course means more US overt and covert wars overseas. The unholy alliance between Big Tech and the US government will happily assist the US State Department under Secretary of State Tony Blinken and Assistant Secretary of State Nuland with the technology to foment more regime change operations wherever the Biden Administration sees fit. Finish destroying Syria and the secular Assad? Sure! Go back into Iraq? Why not? Afghanistan? Thats the good war! And Russia and China must be punished as well.

These are grave moments for we non-interventionists. But also we have a unique opportunity, informed by history, to denounce the warmongers and push for a peaceful and non-interventionist foreign policy.

This article was published by RonPaul Institute

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Premature pension in New Haven is $117000; and a new hidden tax is coming – Journal Inquirer

Posted: at 9:23 am

Last week this column examined the government pension racket in Connecticut through the example of the "retirement" of New Haven Police Chief Tony Reyes, who is only 49 and is giving up his city salary of $170,000 to become police chief at Quinnipiac University in adjacent Hamden. Since New Haven City Hall needed a week before it could provide an estimate of the annual pension Reyes immediately will begin receiving, last week's column surmised it might amount to $80,000.

That was low. The city's budget office now estimates Reyes' annual pension at $117,000.

While Quinnipiac is a nonprofit institution exempt from federal, state, and municipal taxes and thereby is subsidized by all levels of government, the university won't disclose what it will pay Reyes. But his salary there likely will equal or exceed his salary with the city. That would mean annual income for him of at least $287,000 for his remaining 15 or so years of a typical working life. That's getting close to the $319,000 salary now being paid by the University of Connecticut to its former president, Susan Herbst, who is now teaching just one or two political science courses at UConn's Stamford branch -- essentially another premature pension -- after enjoying a year of paid vacation costing UConn $711,000.

Social Security, the pension system covering most people who do not work for the government, penalizes those who begin claiming benefits prior to the standard retirement age but continue to work for wages. The benefits of such people are reduced. But Connecticut's government pension systemrewardspeople for working for wages while also collecting benefits, thereby signifying that government employees are better and more deserving than the people who pay for them.

This practice is somehow called public service, and while it is all taxpayer money, it draws no objection from the governor, state legislators, and mayors like New Haven's Justin Elicker, who are always pleading poverty.

* * *

ANOTHER HIDDEN TAX: Now Democratic state legislators are planning to impose another hidden tax like the "gross receipts tax" levied on wholesale gasoline prices, which drivers pay without seeing it posted at the gas pump or anywhere else.

The Democrats' new idea is to tax medical insurance companies as the federal government did until recently in the name of raising money for insurance for the poor. This tax would drive up insurance costs for everybody while giving the false impression that the big, bad insurance companies had raised prices again. The Democrats' idea presumes that medical insurance isnotalready expensive enough for nearly everyone.

Government already imposes hidden taxes on medical insurance by requiring policies to provide discretionary coverage many people don't want.

While government should facilitate decent medical insurance for all, people always should be given a clear view of government's cost. Other than deceiving voters, there is no justification for hiding the cost of insurance for the poor in the insurance bills of others.

The additional tax burden would be clearer if the revenue was drawn from general state taxes, like the income and sales taxes. Then insurance for the poor would compete in the open with all other demands on government.

Until people can see clearly how they are taxed, they are not likely to insist on efficiency and better priorities in government, like ending the pension racket.

* * *

MURPHY LOOKS AWAY: Last week Connecticut U.S. Sen. Chris Murphy deplored the decline of press freedom in Ethiopia. Meanwhile the giant social media companies in the United States began censoring President Trump, former U.S. Rep. Ron Paul, and others because of their political views.

That did not bother the senator.

Additionally, in recent years one national media company has acquired half the daily and weekly newspapers in Connecticut and another three companies have acquired most major radio and television stations in both the state and the country -- again without objection from the senator.

Is the senator unaware of the worsening concentration of media ownership at home and the resulting reduction of voices? Or does he realize that while nothing about Ethiopia can ever hurt him, challenging the concentration of media ownership here might?

Chris Powell is a columnist for the Journal Inquirer.

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As Fed Chair, Janet Yellen Discounted Economic Desperation. The Pandemic Will Likely Force a Different Approach. – The Intercept

Posted: at 9:23 am

In December, the economy lost 140,000 jobs, with a total of 9.8 million job losses since the coronavirus pandemic began. Rent debt could be as high as $70 billion. Fifty-four million Americans face food insecurity, an increase of 17 million from pre-pandemic levels. Mass transit cuts are happening across the country, further isolating low-income individuals, making them more dependent on expensive Uber and Lyft rides, and triggering job losses.

Yellens tenure at the Fed, which included rate hikes that almost certainly caused higher unemployment rates from 2015 through 2017, demonstrates that Yellen has, in the past, overestimated the strength of the economy for working people.

Her recent statements, however, suggest that the pandemic, along with the run of wage growth and unemployment decline after 2017 many economists thought wasnt possible, has altered her thinking, and she now believes in aggressive action by the Fed and Treasury to continue to lift up the economy. In October, Yellen said, While the pandemic is still seriously affecting the economy, we need to continue extraordinary fiscal support. We need support for the economy from both monetary and fiscal policy.

Which direction she chooses austerity or stimulus, deficits or employment will have enormous import for this deeply divided country.

The late journalist William Greider called his masterpiece 1987 book on the Fed Secrets of the Temple because the Fed gives itself an aura of impenetrability, too dense or complex for ordinary people to understand. Greider revealed that this is a deliberate political choice by the Fed to insulate its decision-making from democratic oversight.

The key problem is that the Fed has two mandates that are at odds: control inflation and expand employment. Inflation is often used by monetary policymakers as a proxy for wage growth for working people. So if the Fed seeks to control inflation, wage growth slows and unemployment goes up; if the Fed seeks to expand employment, the way the Fed measures inflation means that inflation will go up. Former Fed Chair Paul Volcker kept a card that detailed construction worker wages in his pocket, seeing his mission to fight inflation as inseparable from stagnating the wage growth of the working class.

Inflation has been a reflection of class struggles, said Samir Sonti, a professor at the CUNY School of Labor and Urban Studies. In the late 70s the Volcker Fed responded to wage inflation with monetary austerity without precedent, and the result was a recession that broke the back of the industrial labor movement.

Since the early 80s we havent seen any real consumer price inflation and that is an expression of the weakening power of the organized working class, Sonti said. What weve seen is asset price inflation which is enabled by interest rates that can be kept low because theres no significant working class threat.

Yellen was appointed to the Fed in 2013, beating out Larry Summers for Obamas nomination. Progressives despised Summers and worked against a potential Summers nomination, not least because he had worked with former Obama chief of staff Rahm Emanuel to limit the size of the $900 billion stimulus in 2009 famously not even showing a proposal for a $1.8 trillion stimulus crafted by economic advisers Christina Romer and Jared Bernstein to the president for review. While by 2013 there had been significant economic recovery since the Great Recession, millions of Americans were still struggling, with 13 percent of the working age population unemployed or unemployed.

On December 16, 2015, Yellen announced that the Fed had raised interest rates for the first time in a decade. I feel confident about the fundamentals driving the U.S. economy, the health of U.S. households, and domestic spending, Yellen said. There are pressures on some sectors of the economy, particularly manufacturing, and the energy sector but the underlying health of the U.S. economy I consider to be quite sound.

At that point, there were still nearly 16 million people either unemployed or significantly underemployed in the U.S., or 9.9 percent of the population (otherwise known as the U-6 unemployment rate). The inflation rate in the year prior was just 0.12 percent, the second lowest year on record since 1960. The Fed raised interest rates again in December 2016, when the inflation rate was 1.26 percent, well below the Feds 2 percent target rate.

Mainstream economists have praised Yellens record. Under Janet Yellen the United States achieved some of the best outcomes in terms of both low and falling unemployment rates and stable inflation we have enjoyed in the postwar period, you can quibble with any given decision but the overall outcome was very good, said former Obama economic advisor Jason Furman, who was referred to The Intercept by the Biden transition.

But others have said that Yellen raised rates too soon, artificially slowing down the economy while millions were out of work. The soft 2016 economy contributed to the election of President Donald Trump. She presided over a premature rate increase, said Rohan Grey, a professor at Willamette University College of Law. She was the chair and this was a decision made by her board. Its pretty clear that was premature. What it shows is that even someone who has framed themselves as a dove and pro-labor is that when push comes to shove she wont stand out. She was in power and they prematurely tightened the economy and thats a big problem.

Yellen oversaw four more rate hikes during her time as Fed chair, one at the end of the Obama administration and three during her overlap with the Trump administration. The economy continued to grow, but the U-6 unemployment rate never dropped below 8 percent. The activistcampaign Fed Upcontinuously urged the Fed to hold off on increasing interest rates, with concerns that it would prevent more Americans from getting jobs. In spite of those criticisms, the group did urge Trump to reappoint her as Fed chair.

Grey also raised concerns about Yellens closeness to deficit fearmongering groups like Fix the Debt. Yellen is a member of the advisory boards for both Fix the Debt and the Committee for a Responsible Federal Budget, which advocate for cuts to Social Security and Medicare.

She said on the record that the national debt and the size of deficits has a sustainability concern in the long run, said Grey. And has in the past conceded that benefit cuts could help to address it. Its a classic right-wing trope. Shes liked more by team blue but her language is not too different from Paul Ryan or Ron Paul.

Sonti, the CUNY professor, for his part said that the economic impact of the pandemic may have altered Yellens thinking: The crisis is of such magnitude that even the technocratic elite are likely aware of the need to change course.

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As Fed Chair, Janet Yellen Discounted Economic Desperation. The Pandemic Will Likely Force a Different Approach. - The Intercept

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Ron Williams named National Western Stock Show’s Citizen of the West for 2022 – The Know

Posted: at 9:23 am

Denver business leader and former National Western Stock Show chairman Ron Williams was named Citizen of the West, although Williams will not receive the award this year due to the Stocks Shows postponement. (Provided by National Western Stock Show)

The National Western Stock Shows 2021 postponement has been disappointing for countless participants and attendees, even as its allowed the complexs $1 billionconstruction project to push forward.

But its highest honor, the Citizen of the West, could not skip a year.

I wasnt expecting it, said Ron Williams, the 74-year-old business leader, philanthropist and former National Western Stock Show chairman who received the award this week. But I knew Id be terribly appreciative if I did. There are a lot of great candidates for it here, but Im honored I ended up being the one for this coming year.

The annual Citizen of the West award recognizes those who embody Western pioneers spirit and determination and perpetuate their agricultural heritage and ideals, stock show officials said. A committee of community leaders, including past winners such as Bruce and Marcy Benson (2020s recipients), select each new winner.

Despite this weeks announcement, Williams will not formally receive the award until Jan. 22, 2022, during the Stock Shows planned return.Proceeds from the dinner will support 100 scholarships that the National Western Scholarship Trust awards annually to students in Colorado and Wyoming who major in agricultural science, rural medicine or veterinary medicine, stock show officials said.

I felt it was important that we announce this during the time when the show had been postponed so we can celebrate Ron Williams the entire year, said Paul Andrews, president and CEO of the National Western Stock Show. Well be celebrating the opening of the new Cilland Ron Williams Stock Yards at the 2022 show, as well as the new Hutchinson Western Stockyards, so that will make it a commemorative ticket.

For Williams and his wife, Cill, it will be the latest and greatest recognition in a career full of them. Williams was born in a small town in Nebraska, one of only 10 kids in his rural school and 300 people in his entire town, according to a 2016 CoBiz profile.

When I was 10 years old I was driving a tractor for my uncle, so Ive always been involved in agriculture at some level, said Williams, who came to Denver in 1967after graduating with his masters degree from the University of Nebraska in Lincoln.

Here, Williams worked as an accountant for Arthur Anderson and, in 1977, joined Samuel Gary Oil Producer Inc. (later Gary-Williams Energy), where he would become an owner, president and CEO. That companys community investment division, The Piton Foundation, supported nonprofits including the Colorado Childrens Campaign, Denver Preschool Program, Urban Land Conservancy and others.

This is where Mr. Williams first became involved in and found a passion for philanthropy, stock show officials said.

Nineteen-sixty-seven may seem like a long time ago, but its not that long to me, Williams said. Although, when I came to Denver the tallest building in town then was the 31-storySecurity Life Building (now 1600 Glenarm Place). If you went out for lunch at noon, youd walk a block and see five people that you knew. The growth has been dramatic but, for the most part, I think its been managed well.

Over his years as a metro-area business leader including a 2016 induction into the Colorado Business Hall of Fame Williams flexed his philanthropic muscle by helping lead the capital campaign to raise private funds for a new state-of-the-art Childrens Hospital at the Fitzsimons Campus in Denver, gathering $250 million.

He also served on the board of directors for the Denver Public Schools Foundation for a decade, where he raised $10 million for the organization, and on the board of the University of Colorado Hospital. Hes a longtime member of the powerful Colorado Forum of business leaders. But, even as he attended the National Western Stock Show annually, it wasnt until 2004that he joined the stock shows board.

Pat Grant (former National Western chairman) asked if I would consider it then, Williams said, and it took me about two seconds to say, Absolutely.

A natural fit for the organization, Williams has brought attention and support to National Western projects ever since then. He acted as chairman for a time and, starting next year, will be able to see his and his wifes name on one of its busiest stockyards. Williams still owns a little cattle ranch in Kansas, Andrew said.

Hes just a tremendous selection for this award, he said. Hes given so much in terms of philanthropy his entire career. Hes found this balance between being a very tough businessman and being fair and caring about people. Nobody I know cares about people more than Ron. I dont think he has an enemy in Colorado, and our entire staff loves him to death.

Williams said hes still focused on bringing the stock show back, and keeping the organization strong in the meantime.

A lot of people in the agriculture industry, along with ranchers, hog raisers they come to us because this is almost like an educational vocation for them, Williams said. At the stock show, they get to meet their peers, learn and do business with each other. Theres a lot that goes on down in those yards each January.

Without a stock show this year, however, Williams will also continue his philanthropic work. Its contributed as much to his own happiness as his business successes, he said.

Its funny how, if you step out of your comfort zone and get involved in things like that, it changes your perspective on whats important, he said. I like to think we can learn from everyone we meet by taking little pieces of what works and integrating that into ourselves.

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Ron Williams named National Western Stock Show's Citizen of the West for 2022 - The Know

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