United States – Page 36 – Desdemona Despair

Distribution of major tax cuts for the rich across OECD nations, 1965-2015. This figure visualizes the resulting binary variable that picks out years in which taxes on the rich were reduced substantially. In total, we identify 30 country-year observations where taxes on the rich were significantly reduced. Governments enacted major tax reforms in all countries in our sample and across the whole observation period. Many countries implemented major tax cuts for the rich in the late 1980s. Furthermore, the identification of tax cuts is also in line with previous studies that have focused on income tax progressivity (Rubolino and Waldenström, 2020) or on overall tax progressivity single specific countries (Saez and Zucman, 2019). For instance, echoing these authors’ findings, we find two major reforms that reduced taxes on the rich in the US: 1982 (First Reagan Tax Cut) and 1986/1987 (Second Reagan Tax Cut). Graphic: Hope and Limberg, 2020 / LSE

December 25, 2020

Tax breaks for the rich don’t boost the economy – “Our research shows that the economic case for keeping taxes on the rich low is weak”

16 December 2020 (LSE) – Major reforms reducing taxes on the rich lead to higher income inequality but do not have any significant effect on economic growth or unemployment, according to new research by LSE and King’s College London. Researchers say governments seeking to restore public finances following the COVID-19 crisis should therefore not be […]

The global COVID-19 lockdowns caused fossil carbon dioxide emissions to decline by an estimated 2.4 billion tonnes in 2020 - a record drop according to researchers at the University of East Anglia, University of Exeter and the Global Carbon Project. It means that in 2020 fossil CO2 emissions are predicted to be approximately 34 GtCO2, seven per cent lower than in 2019. Emissions from transport account for the largest share of the global decrease. Those from surface transport, such as car journeys, fell by approximately half at the peak of the COVID lockdowns. Total CO2 emissions from human activities - from fossil CO2 and land-use change - are set to be around 39 GtCO2 in 2020. Video: UEA

December 12, 2020

COVID lockdown causes record drop in carbon dioxide emissions for 2020

11 December 2020 (UEA) – The global COVID-19 lockdowns caused fossil carbon dioxide emissions to decline by an estimated 2.4 billion tonnes in 2020 – a record drop according to researchers at the University of East Anglia (UEA), University of Exeter, and the Global Carbon Project. The fall is considerably larger than previous significant decreases […]

Income inequality in the United States, 1913-2019. The U.S. shows a rise in the concentration of incomes unseen in other rich nations. The top 10% increase from 34% to 45% between 1980 and 2019. Half of the American population was shut from pretax economic growth. Graphic: World Inequality Database

December 11, 2020

Global inequality data update shows rise in concentration of U.S. incomes unseen in other rich nations – Latin America and the Middle East stand as the world’s most unequal regions

10 November 2020 (WIL) – The World Inequality Lab releases today a major update of global inequality data for 173 countries, making up 97% of the world population and 7.5 billion people. The data published distributes economic growth within each country making it possible to track inequality and poverty over time, countries and regions. These […]

Cumulative change in U.S. jobs since before the pandemic, 6 December 2020. Data: Bureau of Labor Statistics. Graphic: Ella Koeze / The New York Times

December 6, 2020

U.S. job market slowed further in November 2020 – “We’re going to have a few of the toughest months of this pandemic, and there will be a lot of scars left to heal”

6 December 2020 (The New York Times) – The American economic recovery continues to slow, stranding millions who have yet to find a new job after being thrown out of work by the coronavirus pandemic. The latest evidence came Friday when the Labor Department reported that employers added 245,000 jobs in November, the fifth month in a […]

National Risk Index (NRI) map of the United States. Graphic: FEMA

November 30, 2020

New FEMA index shows riskiest spot for rising seas is 50 miles from the ocean

By Thomas Frank 25 November 2020 (E&E News) – The county most at risk for coastal flooding is not in Florida, North Carolina or New Jersey, according to the Federal Emergency Management Agency. It’s not even on a coast. It’s Cowlitz County, Washington, population 102,000, about 50 miles inland from the Pacific Ocean on the […]

U.S. adult obesity rate by state, 2019. Graphic: Trust for America’s Health

September 19, 2020

U.S. adult obesity rate tops 40 percent, highest ever recorded – Obesity is single highest risk factor in COVID-19 mortality – “That’s extremely alarming in terms of its medical implications”

18 September 2020 (NBC News) – A new report reveals the adult obesity rate in the United States now stands at more than 42 percent, the highest it’s ever been. Twelve states have an obesity rate of more than 35 percent. “That’s extremely alarming in terms of its medical implications,” says John Auerbach, president […]

August 2020 blended land and sea surface temperature percentiles. Graphic: NOAA / NCEI

September 16, 2020

August 2020 was the world’s second-warmest August on record – The year 2020 has more than a 99.9 percent chance to rank among the five warmest years on record

By Jeff Masters, Ph.D. 15 September 2020 (Yale Climate Connections) – August 2020 was the second-warmest August since global record keeping began in 1880, NOAA’s National Centers for Environmental Information, or NCEI, reported September 14. The month was just 0.04 degrees Celsius behind the record set in August 2016. NASA rated the month as the third-warmest August on […]

The Ozone Mapping and Profiler Suite (OMPS) and the Visible Infrared Imaging Radiometer Suite (VIIRS) on the NOAA-NASA Suomi NPP satellite captured this extremely think blanket of smoke along the West Coast on 9 September 2020. OMPS measured smoke clouds over the western U.S. with higher aerosol index values than anything Colin Seftor, an atmospheric scientist at NASA’s Goddard Space Flight Center, says he has ever seen with the instrument. Graphic: Joshua Stevens / NASA Earth Observatory

September 12, 2020

California’s wildfire smoke plumes are unlike anything previously seen – California fire carbon emissions in 2020 exceed previous record by nearly 2 times

By Matthew Cappucci 12 September 2020 (The Washington Post) – More than 3.1 million acres have burned in California this year, part of a record fire season that still has four months to go. A suffocating cloud of smoke has veiled the West Coast for days, extending more than a thousand miles above the Pacific. And the […]

Satellite view of the Northridge Terrace neighborhood in Phoenix, Oregon before and after wildfire, 10 September 2020. Photo: Maxar Technologies

September 12, 2020

Satellite images show Phoenix and Talent, Oregon, have been “substantially destroyed” by wildfire – “This could be the greatest loss of human lives and property due to wildfire in our state’s history”

By Paul P. Murphy 10 September 2020 (CNN) – Swaths of the small southern Oregon cities of Phoenix and Talent now lie in ash, satellite images show, as wildfires wage unprecedented destruction across the US West. A massive burn scar cuts through parts of Talent and Phoenix, home to about 11,000 people combined. The wounded terrain, seen […]

Air temperatures across the United States on 6 September 2020, when much of the Southwest roasted in a dramatic heatwave. The map was derived from the Goddard Earth Observing System (GEOS) model and represents temperatures at 2 meters (about 6.5 feet) above the ground. The darkest red areas are where the model shows temperatures surpassing 113°F (45°C). Graphic: Joshua Stevens / NASA Earth Observatory

September 11, 2020

California heatwaves are becoming more frequent and lasting longer – “This has serious consequences for the fire season in Southern California”

By Kasha Patel 11 September 2020 (NASA) – In early September 2020, an intense heatwave broke temperature records in several locations in Southern California. The dry, hot conditions helped fuel new and existing fires, which have consumed tens of thousands of acres of land. According to recently published research, these extremes fit a long-term trend toward longer and more […]