Ford To Move $900 Million Plant From Ohio To Mexico: Report

Ford To Move $900 Million Plant From Ohio To Mexico: Report

The Ford Motor Company has reportedly shifted a $900 million investment for an Avon Lake, Ohio assembly plant towards a site in Mexico, according to the United Auto Workers (UAW) union.

According to a letter sent to Ohio Assembly Plant (OHAP) employees, where around 1,740 Ford workers manufacture F-650 and F-750 medium duty trucks, UAW official Gerald Kariem claims the company had committed to investing $900 million into the project in 2019, according to Breitbart.

The massive investment, Kariem wrote to workers, included a Ford commitment to bring a “next-generation product” to the Ohio Assembly Plant for production by 2023 and an “exciting vision for the complete revitalization” of the plant to secure “employment well into the foreseeable future.”

These contractual commitments were an enormous win for the UAW, for the great state of Ohio, the community of Avon Lake, and most importantly the members of Local 2000,” Kariem wrote.

“Great way to alienate even more F-150 buyers in the U.S. Not so good for Ford optics in media and public,” one Ford employee wrote at TheLayoff. Another commenter wrote: “Not sure why this is such a surprise. They have been sending high pay supporting white collar jobs from engineering & purchasing for 3 years all with the goal to move production to MX. Quite frankly, at the rate they are going, not sure who they think will be in the new Dearborn campus. They are planning and staffing a huge tech campus in MX.”

That said, some blamed the UAW – with yet another commenter writing: “If the UAW aka ‘U ain’t working’ wasn’t so greedy and demanding every handout from the company or go on strike this doesn’t surprise me.”

According to the UAW, Ford executives are backing out of the commitment and will divert the funds to Mexico.

Unfortunately, Ford Motor Company has decided it will not honor its promise to add a new product to OHAP and, instead, it intends to build the next-generation vehicle in Mexico. Ford management expects us to just hang our heads and accept the decision. But let me be clear, we are making a different choice. We 100 percent reject the company’s decision to put corporate greed and more potential profits over American jobs and the future of our members. We expect the company to honor its contractual commitments to this membership and when it fails to do so we will take action. [Emphasis added via Breitbart]

The UAW has asked ford executives to explain their decision according to the report.

As noted in the report, Ford now has more plants outside the United States than it does domestically. CEO Jim Hackett, meanwhile, made approximately $17.4 million in 2019.

Tyler Durden
Thu, 03/18/2021 – 15:45

via ZeroHedge News https://ift.tt/3s1rLdr Tyler Durden

New York Legislature Passes Bill To Limit Solitary Confinement 


cellexonerations_1161x653

The New York legislature has passed a bill limiting the state prison system’s use of solitary confinement.

The New York Senate passed the Humane Alternatives to Long-Term Solitary Confinement (HALT) Act today by a vote of 42–21, sending it to the desk of Democratic Gov. Andrew Cuomo, who has opposed the legislation in previous years.

The bill, S2836, limits the use of solitary confinement for all incarcerated people to 15 days, with exceptions for serious disciplinary infractions. This would largely bring the state in line with the United Nations’ Nelson Mandela Rules for the treatment of prisoners, which defines solitary confinement for more than 15 days as torture.

“We remember the names Layleen Polanco, Kalief Browder, and Benjamin van Zandt, and the countless others whose lives have either been taken or destroyed by solitary confinement,” state Senate Majority Leader Andrea Stewart-Cousins (D–Yonkers) said in a press release. “Prolonged segregated confinement can cause permanent harms and does not properly address the root causes that lead to the punishment.”

The HALT Act would also ban the use of solitary confinement for pregnant women, for people under the age of 22 or older than 54, and for prisoners with certain disabilities. Solitary confinement would also be prohibited for those diagnosed with a serious mental illness. They would be sent to a residential rehabilitation unit instead.

Criminal justice reformers and civil libertarians have been trying for years to curb solitary confinement in New York, which currently has no limits on how long an incarcerated person can be held in a cell for 22 to 24 hours a day.

In a press statement, New York Civil Liberties Union executive director Donna Lieberman applauded the legislature for “ending the torture that is long-term solitary confinement.” Noting that the practice “causes severe mental and physical trauma that can lead to irreparable harm,” Lieberman pointed out that tens of thousands of New Yorkers have been “locked in solitary each year for months, years, and even decades.”

The number of people held in solitary confinement on any given day across U.S. prisons and jails has been declining over the past decade as states have slowly limited the practice. Colorado abolished it almost entirely.

The daily number sat around 60,000 people, according to a longitudinal study published in 2018. Although the use of solitary confinement has waned, the report found 4,000 people placed in solitary who were identified by their jurisdiction as seriously mentally ill. It also found 2,000 inmates who had been in solitary for six or more years.

The use of solitary confinement spiked during the COVID-19 pandemic as prison administrators tried to use it to slow the spread of the virus through facilities.

Cuomo threatened to veto the HALT Act two years ago over its projected costs, leading Democrats to pull the bill in exchange for a series of administrative reforms. Those promised reforms never materialized.

The New York State Correctional Officers and Police Benevolent Association, a union of state prison guards, opposes the legislation. According to WMHT, Cuomo hasn’t publicly commented on the bill in more than a year.

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Incoming Teen Vogue Editor Forced To Resign Over Old Tweets


alexi

Alexi McCammond is a 27-year-old political writer and the recipient of a 2019 award from the National Association of Black Journalists. She was slated to become the next editor-in-chief of Teen Vogue.

But on Thursday, McCammond announced her resignation from that position, following outrage from staff members—and two advertisers—over some tweets that made fun of Asian people. She wrote them in 2011, when she was a teenager.

“I should not have tweeted what I did and I take full responsibility for that,” said McCammond in a statement. “I wish that talented team at Teen Vogue the absolute best moving forward.”

Conde Nest, the media company that owns Teen Vogue, was aware of the tweets when it hired McCammond, who had already apologized for them. The bosses evidently did not expect such furor from Teen Vogue staff—though that’s rather shortsighted on their part, given the large number of similar uprisings at progressive media workspaces. Even so, the perception that anti-Asian hate crimes are rising—including the possibility that the Georgia massage parlor murders were motivated by anti-Asian bias—meant it was bad timing for an incoming editor to be involved in an even tangentially related controversy.

We should be clear about a couple things. First, McCammond apologized. She apologized profusely, and she apologized repeatedly. And she did not just apologize this week, when her job was in jeopardy. She apologized back in 2019.

Second, the tweets in question are indeed offensive: a mix of anti-Asian stereotypes, and even some homophobia. But they were written when she was 17. She should not have said those things, and she is right to be sorry about it. But I doubt you could find a teenager on the planet who has never uttered something mean-spirited. We are beginning to hold people to unattainable standards. Kids are not perfect, and they make mistakes all the time. The point is to learn from them, apologize when necessary, and grow past them. Lots of people said offensive things in their adolescence; it’s just that in this case, thanks to Twitter, there is a record of her comments.

Is there no room to forgive someone for a youthful, decade-old transgression? Just look at the thoroughness of McCammond’s apology:

It wasn’t enough. It never will be. The new enforcers of morality—the pitchfork-wielding employees of progressive media companies and their swarms of social-media allies—have decided that no one may dwell in their midst unless they were born without sin. This poisonous approach will, if anything, make people more reticent to apologize or acknowledge wrongdoing. Instead they’ll shrug and say, “What’s the point?”

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Oxford-AstraZeneca COVID-19 Vaccine’s Benefits Far Outweigh Risks, Say E.U. Regulators


CarVaxDreamstime

Several European countries recently paused vaccinating their citizens with the Oxford-AstraZeneca (AZ) COVID-19 vaccine, in light of scattered reports that a few patients had developed blood clotting after being inoculated. Meanwhile, the continent has been experiencing a third wave of COVID-19 infections, hospitalizations, and deaths.

Now the European Medicines Agency has evaluated the risks and the benefits of being inoculated with the AZ vaccine. “The benefits of the vaccine in combating the still widespread threat of COVID-19 (which itself results in clotting problems and may be fatal) continue to outweigh the risk of side effects,” it concludes. Furthermore, “The vaccine is not associated with an increase in the overall risk of blood clots…in those who receive it.” The agency’s Pharmacovigilance Risk Assessment Committee added that it “was of the opinion that the vaccine’s proven efficacy in preventing hospitalisation and death from COVID-19 outweighs the extremely small likelihood of developing” blood clots.

The United Kingdom’s Medicines and Healthcare Products Regulatory Agency notes that with 11 million doses of COVID-19 AZ vaccine administered so far, only five possible cases of blood clotting have been reported among the recipients.

One unfortunate side effect of the blood clot uproar will be a greater reluctance to get vaccinated with the AZ vaccine. Earlier this month, a Harris Poll in France found that just 43 percent of respondents trusted the AZ vaccine. A new poll by the Elabe Institute, published Tuesday, shows only 20 percent of the French people trusting the vaccine.

In his brilliant essay, “What is Seen and What is Unseen,” the 19th century economist Frederic Bastiat pointed out that the favorable “seen” effects of any policy often produce many disastrous “unseen” consequences. Bastiat urges us “not to judge things solely by what is seen, but rather by what is not seen.” Unfortunately, politicians in 16 European countries focused on the few “seen” blood clots while ignoring the “unseen” thousands of COVID-19 hospitalizations and deaths that timely vaccination could have averted.

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Derek Chauvin Jury Selection Process Highlights Need to Stop Dumbing Down Juries


Jury

Jury selection is now proceeding for the upcoming trial of Derek Chauvin, the former Minneapolis police officer charged with killing George Floyd, in a horrific incident that touched off nationwide protests against racism and police brutality. Many aspects of the process seem calculated to exclude not only potential jurors who have strong feelings about the specific case (and thus might be biased), but also those who have any kind of relevant background knowledge about criminal justice, scientific evidence, chokeholds, and other matters. In recently published articles, both Harvard Law School Professor Noah Feldman and The Week columnist Bonnie Kristian argue that this situation highlights the need to change selection policies that have the effect of dumbing down juries by excluding those with the greatest potential knowledge and insight.

Here’s Kristian:

Though in some ways unusual because of the high profile of this case, the long and onerous process by which the Chauvin jury is being chosen is a window into broader dysfunction of jury selection in the United States. In theory, we are tried by a jury of our peers. In practice, however, juries are significantly selected for ignorance using standards that are increasingly unworkable in our omnipresent media environment, and the strain of jury duty is borne disproportionately by people who often don’t want to be there and can’t afford it. This is hardly conducive to justice…

Potential Chauvin jurors were sent a 16-page questionnaire in December. It probed their knowledge of the case, their media habits, political views (this isn’t a death penalty trial, but if it were, anyone with even slight moral qualms about execution would be rejected), hobbies, religion, and more….

Our jury system’s “efficiency,” as Mark Twain snarked in 1873, “is only marred by the difficulty of finding 12 men every day who don’t know anything and can’t read.”

Twain was only exaggerating a little. The Chauvin questionnaire, for example, inquires if jurors have been to a Black Lives Matter protest and, if so, what their sign said. It asks if they have martial arts or chokehold training or experience in law enforcement, criminology, forensics, health care, mental health care, or civil rights issues. Any juror answering “yes” will probably be dismissed for cause.

In fact, manuals on jury selection outright advise lawyers to exclude anyone who could play the Henry Fonda role in 12 Angry Men, reasoning with fellow jurors and guiding them to a conclusion. “You don’t want smart people,” a Philadelphia prosecutor once explained, because they’ll “analyze the hell out of your case.”

Many of the questions presented to potential Chauvin jurors seem designed to screen out the very sorts of people most likely to be able to make thoughtful, well-informed decisions about  the issues in the case. That is especially true of those that focus on the respondents’ knowledge of health care, forensics, criminology, and other simlar issues. And, while the extraordinary publicity and political tensions surrounding this case are unusual, efforts to exclude knowledgeable jurors are common in more typical cases, as well.

Feldman explains how this tendency undermines a key function of jurors in the Anglo-American legal tradition, which was in part to bring to bear the collective knowledge and insight of the community:

The logic [of current practices] is understandable. We don’t want jurors to have made up their minds before hearing the evidence presented at trial. But the result is all too often the selection of jurors who are nominally neutral because they have their heads in the sand.

Choosing jurors with no meaningful knowledge of public affairs has consequences. Among other things, it entails selecting jurors who might not be able to draw upon the moral intuitions of the community that we want jurors to embody….

The criminal jury in the Anglo-American tradition used to have a very different purpose…. The medieval purpose of a jury of peers drawn from the vicinity was to make sure that the jury was full of local people who already knew the facts of the cases they would hear.

That’s right, the jurors were picked not because they were ignorant of the facts but precisely because they could be expected to know what was going on. In an era before modern police or criminal investigation, juries were proxies for detectives….

Over time, the jury gradually changed from a body that knew the facts already to a body intended to judge the facts afresh….

Under [modern practices],….  judges can keep from the jury certain information — like the fact that a crime victim has previously been arrested…. The rationale is reasonable: It could influence how the jury thinks about the case against Chauvin. Similarly, the fact that the city of Minneapolis has reached a $27 million settlement with Floyd’s family could also shape the jury’s thinking. Again, judicial exclusion might be the right answer.

The fundamental problem is that anyone who reads the news may have come across these facts already. In theory, knowing this information shouldn’t bar anyone from the jury, provided that the potential juror can credibly say that she will keep an open mind. But in practice, a judge who wants to avoid reversal on appeal has a strong incentive to exclude jurors with relevant prior knowledge.

The upshot is that it may be appropriate to take a fresh look at jurors’ level of knowledge, with the full recognition that jurors bring all kinds of prior biases to hearing cases — not just factual information.

It’s one thing to keep jurors in a bubble once the trial has begun. It’s quite another to choose jurors who have chosen to live their lives in self-imposed bubbles. Those may not be the cross-section of the public whom we want to entrust with our most high-profile criminal cases, the ones where justice is on the line not only for victims and defendants, but for the country as a whole.

For reasons I explain in a 2014 article, jury ignorance is not as severe a problem as political ignorance among voters. But it is a significant problem, nonetheless, particular in cases requiring analysis of complex evidence and those touching on broader policy issues (the Chauvin case might be an example of both). Thus, there is good reason to reform the jury selection system so as to minimize  exclusion of people who supposedly have “too much” knowledge, and perhaps even to promote greater participation by such people.

I outlined some ways to do that in a 2015 post, where I advocated limiting the ability of lawyers and judges to remove potential jurors because of their background knowledge. I also suggested this problem strengthens the case for making jury service voluntary, a reform that should be combined with paying jurors much higher wages for their time, so as to incentivize participation by more knowledgeable members of the community:

The problem of juror ignorance also strengthens the case for making jury service voluntary. As in the case of voters, those who choose to serve voluntarily may well be more knowledgeable than those who do so only because they are forced to. States could incentivize more knowledgeable citizens to serve on juries by compensating those who serve for the full value of their time.

Juries play a vital role in the legal system. But that doesn’t mean participating must be coerced, any more than we have to draft lawyers, judges, court reporters, police officers, and others who participate in the administration of justice.

Concerns that a voluntary jury system would undermine representativeness can be addressed by using randomized lotteries and (where needed) specialized sampling techniques to alleviate this problem. Compensation levels can be adjusted to ensure adequate participation by various groups. For example, the state could offer higher jury pay to those who would forego more income by serving, or to parents of small children who would have to pay additional daycare costs. The resulting jury pool might actually be more demographically representative than the current mandatory version, which includes a variety of “hardship” and other exemptions.

Kristian builds on some of my ideas in ways that I hope policymakers will consider:

Current jury pay is absurdly low: Chauvin trial jurors will be compensated the Minnesota rate of $20 per day, or $2.50 an hour for an eight-hour day. Federal jurors usually make $50 a day, which works out to $6.25 an hour, a dollar below the federal minimum wage. Pay this low unfairly imposes the cost of jury trials on an unlucky few instead of the whole citizenry. It also creates a strong incentive to avoid jury duty or perform it without due care to speed the return to normal life.

Beyond a voluntary system with decent pay, I also wonder if capping the size of jury pools could be useful. A 2015 Associated Press report on a murder trial in Louisiana said an initial jury pool of 200 people was reduced to 80 by the usual exemptions. Those remaining were considered too few to assemble a jury. Lawyers have a right — a duty — to pick the best jury they can for their client, but that degree of selectivity beggars belief.

In a more recent case, the exemptions combined with the pandemic reduced a jury pool of 150 to 19, well below the far more reasonable minimum of 31 people the court wanted to pick 12 jurors and one alternate. For all but the most unusual trials, like Chauvin’s, a post-exemption jury pool of 30 or 40 seems like enough to get a good community cross-section. It might even force attorneys to keep a few more knowledgeable jurors around.

In sum, much can be done to reduce the dumbing down of juries, while simultaneously making jury service less unfair and coercive. Perhaps the Derek Chauvin case will lead to more serious consideration of potential reforms.

NOTE: A couple short passages in this post are adapted from a 2015 piece I wrote on making jury service voluntary.

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Incoming Teen Vogue Editor Forced To Resign Over Old Tweets


alexi

Alexi McCammond is a 27-year-old political writer and the recipient of a 2019 award from the National Association of Black Journalists. She was slated to become the next editor-in-chief of Teen Vogue.

But on Thursday, McCammond announced her resignation from that position, following outrage from staff members—and two advertisers—over some tweets that made fun of Asian people. She wrote them in 2011, when she was a teenager.

“I should not have tweeted what I did and I take full responsibility for that,” said McCammond in a statement. “I wish that talented team at Teen Vogue the absolute best moving forward.”

Conde Nest, the media company that owns Teen Vogue, was aware of the tweets when it hired McCammond, who had already apologized for them. The bosses evidently did not expect such furor from Teen Vogue staff—though that’s rather shortsighted on their part, given the large number of similar uprisings at progressive media workspaces. Even so, the perception that anti-Asian hate crimes are rising—including the possibility that the Georgia massage parlor murders were motivated by anti-Asian bias—meant it was bad timing for an incoming editor to be involved in an even tangentially related controversy.

We should be clear about a couple things. First, McCammond apologized. She apologized profusely, and she apologized repeatedly. And she did not just apologize this week, when her job was in jeopardy. She apologized back in 2019.

Second, the tweets in question are indeed offensive: a mix of anti-Asian stereotypes, and even some homophobia. But they were written when she was 17. She should not have said those things, and she is right to be sorry about it. But I doubt you could find a teenager on the planet who has never uttered something mean-spirited. We are beginning to hold people to unattainable standards. Kids are not perfect, and they make mistakes all the time. The point is to learn from them, apologize when necessary, and grow past them. Lots of people said offensive things in their adolescence; it’s just that in this case, thanks to Twitter, there is a record of her comments.

Is there no room to forgive someone for a youthful, decade-old transgression? Just look at the thoroughness of McCammond’s apology:

It wasn’t enough. It never will be. The new enforcers of morality—the pitchfork-wielding employees of progressive media companies and their swarms of social-media allies—have decided that no one may dwell in their midst unless they were born without sin. This poisonous approach will, if anything, make people more reticent to apologize or acknowledge wrongdoing. Instead they’ll shrug and say, “What’s the point?”

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Oxford-AstraZeneca COVID-19 Vaccine’s Benefits Far Outweigh Risks, Say E.U. Regulators


CarVaxDreamstime

Several European countries recently paused vaccinating their citizens with the Oxford-AstraZeneca (AZ) COVID-19 vaccine, in light of scattered reports that a few patients had developed blood clotting after being inoculated. Meanwhile, the continent has been experiencing a third wave of COVID-19 infections, hospitalizations, and deaths.

Now the European Medicines Agency has evaluated the risks and the benefits of being inoculated with the AZ vaccine. “The benefits of the vaccine in combating the still widespread threat of COVID-19 (which itself results in clotting problems and may be fatal) continue to outweigh the risk of side effects,” it concludes. Furthermore, “The vaccine is not associated with an increase in the overall risk of blood clots…in those who receive it.” The agency’s Pharmacovigilance Risk Assessment Committee added that it “was of the opinion that the vaccine’s proven efficacy in preventing hospitalisation and death from COVID-19 outweighs the extremely small likelihood of developing” blood clots.

The United Kingdom’s Medicines and Healthcare Products Regulatory Agency notes that with 11 million doses of COVID-19 AZ vaccine administered so far, only five possible cases of blood clotting have been reported among the recipients.

One unfortunate side effect of the blood clot uproar will be a greater reluctance to get vaccinated with the AZ vaccine. Earlier this month, a Harris Poll in France found that just 43 percent of respondents trusted the AZ vaccine. A new poll by the Elabe Institute, published Tuesday, shows only 20 percent of the French people trusting the vaccine.

In his brilliant essay, “What is Seen and What is Unseen,” the 19th century economist Frederic Bastiat pointed out that the favorable “seen” effects of any policy often produce many disastrous “unseen” consequences. Bastiat urges us “not to judge things solely by what is seen, but rather by what is not seen.” Unfortunately, politicians in 16 European countries focused on the few “seen” blood clots while ignoring the “unseen” thousands of COVID-19 hospitalizations and deaths that timely vaccination could have averted.

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Derek Chauvin Jury Selection Process Highlights Need to Stop Dumbing Down Juries


Jury

Jury selection is now proceeding for the upcoming trial of Derek Chauvin, the former Minneapolis police officer charged with killing George Floyd, in a horrific incident that touched off nationwide protests against racism and police brutality. Many aspects of the process seem calculated to exclude not only potential jurors who have strong feelings about the specific case (and thus might be biased), but also those who have any kind of relevant background knowledge about criminal justice, scientific evidence, chokeholds, and other matters. In recently published articles, both Harvard Law School Professor Noah Feldman and The Week columnist Bonnie Kristian argue that this situation highlights the need to change selection policies that have the effect of dumbing down juries by excluding those with the greatest potential knowledge and insight.

Here’s Kristian:

Though in some ways unusual because of the high profile of this case, the long and onerous process by which the Chauvin jury is being chosen is a window into broader dysfunction of jury selection in the United States. In theory, we are tried by a jury of our peers. In practice, however, juries are significantly selected for ignorance using standards that are increasingly unworkable in our omnipresent media environment, and the strain of jury duty is borne disproportionately by people who often don’t want to be there and can’t afford it. This is hardly conducive to justice…

Potential Chauvin jurors were sent a 16-page questionnaire in December. It probed their knowledge of the case, their media habits, political views (this isn’t a death penalty trial, but if it were, anyone with even slight moral qualms about execution would be rejected), hobbies, religion, and more….

Our jury system’s “efficiency,” as Mark Twain snarked in 1873, “is only marred by the difficulty of finding 12 men every day who don’t know anything and can’t read.”

Twain was only exaggerating a little. The Chauvin questionnaire, for example, inquires if jurors have been to a Black Lives Matter protest and, if so, what their sign said. It asks if they have martial arts or chokehold training or experience in law enforcement, criminology, forensics, health care, mental health care, or civil rights issues. Any juror answering “yes” will probably be dismissed for cause.

In fact, manuals on jury selection outright advise lawyers to exclude anyone who could play the Henry Fonda role in 12 Angry Men, reasoning with fellow jurors and guiding them to a conclusion. “You don’t want smart people,” a Philadelphia prosecutor once explained, because they’ll “analyze the hell out of your case.”

Many of the questions presented to potential Chauvin jurors seem designed to screen out the very sorts of people most likely to be able to make thoughtful, well-informed decisions about  the issues in the case. That is especially true of those that focus on the respondents’ knowledge of health care, forensics, criminology, and other simlar issues. And, while the extraordinary publicity and political tensions surrounding this case are unusual, efforts to exclude knowledgeable jurors are common in more typical cases, as well.

Feldman explains how this tendency undermines a key function of jurors in the Anglo-American legal tradition, which was in part to bring to bear the collective knowledge and insight of the community:

The logic [of current practices] is understandable. We don’t want jurors to have made up their minds before hearing the evidence presented at trial. But the result is all too often the selection of jurors who are nominally neutral because they have their heads in the sand.

Choosing jurors with no meaningful knowledge of public affairs has consequences. Among other things, it entails selecting jurors who might not be able to draw upon the moral intuitions of the community that we want jurors to embody….

The criminal jury in the Anglo-American tradition used to have a very different purpose…. The medieval purpose of a jury of peers drawn from the vicinity was to make sure that the jury was full of local people who already knew the facts of the cases they would hear.

That’s right, the jurors were picked not because they were ignorant of the facts but precisely because they could be expected to know what was going on. In an era before modern police or criminal investigation, juries were proxies for detectives….

Over time, the jury gradually changed from a body that knew the facts already to a body intended to judge the facts afresh….

Under [modern practices],….  judges can keep from the jury certain information — like the fact that a crime victim has previously been arrested…. The rationale is reasonable: It could influence how the jury thinks about the case against Chauvin. Similarly, the fact that the city of Minneapolis has reached a $27 million settlement with Floyd’s family could also shape the jury’s thinking. Again, judicial exclusion might be the right answer.

The fundamental problem is that anyone who reads the news may have come across these facts already. In theory, knowing this information shouldn’t bar anyone from the jury, provided that the potential juror can credibly say that she will keep an open mind. But in practice, a judge who wants to avoid reversal on appeal has a strong incentive to exclude jurors with relevant prior knowledge.

The upshot is that it may be appropriate to take a fresh look at jurors’ level of knowledge, with the full recognition that jurors bring all kinds of prior biases to hearing cases — not just factual information.

It’s one thing to keep jurors in a bubble once the trial has begun. It’s quite another to choose jurors who have chosen to live their lives in self-imposed bubbles. Those may not be the cross-section of the public whom we want to entrust with our most high-profile criminal cases, the ones where justice is on the line not only for victims and defendants, but for the country as a whole.

For reasons I explain in a 2014 article, jury ignorance is not as severe a problem as political ignorance among voters. But it is a significant problem, nonetheless, particular in cases requiring analysis of complex evidence and those touching on broader policy issues (the Chauvin case might be an example of both). Thus, there is good reason to reform the jury selection system so as to minimize  exclusion of people who supposedly have “too much” knowledge, and perhaps even to promote greater participation by such people.

I outlined some ways to do that in a 2015 post, where I advocated limiting the ability of lawyers and judges to remove potential jurors because of their background knowledge. I also suggested this problem strengthens the case for making jury service voluntary, a reform that should be combined with paying jurors much higher wages for their time, so as to incentivize participation by more knowledgeable members of the community:

The problem of juror ignorance also strengthens the case for making jury service voluntary. As in the case of voters, those who choose to serve voluntarily may well be more knowledgeable than those who do so only because they are forced to. States could incentivize more knowledgeable citizens to serve on juries by compensating those who serve for the full value of their time.

Juries play a vital role in the legal system. But that doesn’t mean participating must be coerced, any more than we have to draft lawyers, judges, court reporters, police officers, and others who participate in the administration of justice.

Concerns that a voluntary jury system would undermine representativeness can be addressed by using randomized lotteries and (where needed) specialized sampling techniques to alleviate this problem. Compensation levels can be adjusted to ensure adequate participation by various groups. For example, the state could offer higher jury pay to those who would forego more income by serving, or to parents of small children who would have to pay additional daycare costs. The resulting jury pool might actually be more demographically representative than the current mandatory version, which includes a variety of “hardship” and other exemptions.

Kristian builds on some of my ideas in ways that I hope policymakers will consider:

Current jury pay is absurdly low: Chauvin trial jurors will be compensated the Minnesota rate of $20 per day, or $2.50 an hour for an eight-hour day. Federal jurors usually make $50 a day, which works out to $6.25 an hour, a dollar below the federal minimum wage. Pay this low unfairly imposes the cost of jury trials on an unlucky few instead of the whole citizenry. It also creates a strong incentive to avoid jury duty or perform it without due care to speed the return to normal life.

Beyond a voluntary system with decent pay, I also wonder if capping the size of jury pools could be useful. A 2015 Associated Press report on a murder trial in Louisiana said an initial jury pool of 200 people was reduced to 80 by the usual exemptions. Those remaining were considered too few to assemble a jury. Lawyers have a right — a duty — to pick the best jury they can for their client, but that degree of selectivity beggars belief.

In a more recent case, the exemptions combined with the pandemic reduced a jury pool of 150 to 19, well below the far more reasonable minimum of 31 people the court wanted to pick 12 jurors and one alternate. For all but the most unusual trials, like Chauvin’s, a post-exemption jury pool of 30 or 40 seems like enough to get a good community cross-section. It might even force attorneys to keep a few more knowledgeable jurors around.

In sum, much can be done to reduce the dumbing down of juries, while simultaneously making jury service less unfair and coercive. Perhaps the Derek Chauvin case will lead to more serious consideration of potential reforms.

NOTE: A couple short passages in this post are adapted from a 2015 piece I wrote on making jury service voluntary.

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Is Kanye West Now The Richest Black Man In America?

Is Kanye West Now The Richest Black Man In America?

In yet another indication of just how wildly out of hand valuations have become since the Fed slashed the Fed funds rate back to zero and unleashed a wave of liquidity last year, media reports are claiming that Kanye West, the rap superstar who recently separated from wife Kim Kardashian (and who once claimed to be more than $50MM in debt), is now a billionaire many times over thanks to his sneaker and clothing lines.

According to Bloomberg, West officially became a billionaire in 2020 – making him one of only a handful of billionaires in hip-hop, and sending his net worth rocketing past mentor/rival Jay-Z, one of the first rapper-businessmen to find massive success. But over the last year, West’s net worth has since ballooned to an astronomical $6.6 billion.

While many of his fans speculated about his mental state after West came out in support of President Trump a few years back, looking at his net worth, perhaps it’s not such a surprise.

Per BBG’s reporting, the vast majority of West’s wealth is tied up in his clothing line and sneaker partnerships.

The 43-year-old rapper turned fashion and athletic shoe mogul is now worth $6.6 billion, according to Bloomberg.

The vast majority of West’s wealth is tied up in his apparel businesses: The combined value of West’s Yeezy sneaker partnership with Adidas and his clothing line with the Gap is worth a combined $3.2 billion to $4.7 billion, according to a UBS report published in February. West has an additional $1.7 billion in other assets, including a major investment in his estranged wife Kim Kardashian’s Skims shapewear line.

Compared with his business interests, West’s music catalogue is worth peanuts: The rapper/producer’s entire music catalog is worth just $110MM, and he holds another $122MM in cash and stock.

Gap and West announced a10-year partnership last June, an announcement which prompted a 19% surge in the company’s share price on June 26 (though the still-struggling apparel brand later saw most of these gains reversed). Adidas also saw its shares move higher after it expanded its partnership with Ye in 2016 following a successful multi-year run with his Yeezy sneaker line (though we’re baffled by the notion that customers are willing to pay more than $500 a pair for these sneakers).

Regardless, West’s shoes often sell out within minutes of going on sale, and eager customers routinely line up outside of footlocker to score a pair. A few weeks ago, Bloomberg’s Businessweek ran a cover story about sneakerheads, and the soaring valuations for collectibles like sneakers, baseball cards and Beanie Babies. Another user noted that West is now the richest black man in American history – at least on paper.

At $6.6 billion, West is worth more than Oprah Winfrey, Michael Jordan and investor Robert Smith (who announced, then revoked, a $34 million gift to pay for an entire class of Morehouse College students’ academic loans).

What’s more, Adidas called its deal with West “the most significant partnership ever created between a non-athlete and an athletic brand.”

So, is this week’s news about West just another sign of the top? For what it’s worth, the rapper who christened himself “Yeezus” has filed for a trademark for a beauty line, in what sounds like yet another elaborate trolling of West’s archnemesis, Taylor Swift.

In any case, West’s newfound wealth has arrived just in time for him to pay his “fair share” as Democrats start work on the first federal tax hike since 1993.

Tyler Durden
Thu, 03/18/2021 – 15:30

via ZeroHedge News https://ift.tt/3tz6SGW Tyler Durden

Peter Schiff Exposes The Fed’s Game Of Chicken

Peter Schiff Exposes The Fed’s Game Of Chicken

Via SchiffGold.com,

The Federal Reserve wrapped up its March FOMC meeting yesterday. As expected, there were no policy changes. Interest rates remain at zero. Quantitative easing carries on as it has been. Peter talked about the Fed meeting and Fed Chair Jerome Powell’s messaging in his podcast. He said the Fed is playing a game of chicken with interest rates and inflation.

While the Fed remained dovish in its policy, the FOMC did up its growth outlook and sang a much more optimistic tune about an economic rebound. Nevertheless, Powell made it crystal clear there are no plans for rate hikes for at least two years.

The Fed also didn’t give any indication that it is going to do anything about the continuing rise in long-term bond yields. Peter has likened this to a game of chicken.

Markets reacted positively to the Fed’s messaging. The Dow closed at a record high. But Peter said he wouldn’t be surprised if there isn’t a selloff because he doesn’t think the Fed was dovish enough.

I think they really need to hear from the Fed that long-term interest rates are capped. I think that’s the hand they’re holding. I think the Fed now is playing the cards close to the vest. They don’t want to show what they’re holding. They’re trying to bluff. But at the end of the day, I think the markets are going to want to see the cards. I think that’s the only thing that’s going to save the market – is the Fed coming clean about its commitment to yield-curve control, to artificially manipulating not just the short end, which it’s already doing, but the long end because of the problems that it is going to create for the economy.”

During the post-meeting press conference, a reporter asked Powell directly about rising bond yields. Powell said he would only be concerned with a “disorderly” rise in rates. But Peter said even an orderly rise can disrupt the economy.

I think that when the Fed sees stronger evidence that the increase in yield is being a bigger problem for both the stock market and/or the economy, then I think the Fed is going to do exactly what I said and give the market exactly what it wants to hear. And that is that the QE program is going to be expanded to accommodate massive deficit spending to keep interest rates from rising and to keep the entire house of cards built on a foundation of cheap money from collapsing.”

Peter said although there was no real change in policy and the FOMC statement was substantively about the same as the last, Powell still managed to get more dovish.

They always manage to out-dove themselves. And really, you could see the Fed’s commitment to keep the punch bowl full of alcohol indefinitely when you listen to the way Powell talks. Because one of the things that he went out of his way to reassure everybody is that interest rate hikes are not coming — anytime soon. They’re years and years away. So, he’s saying, ‘Don’t even think about it. Don’t even worry about it.’”

One reporter asked Powell if it was time to start thinking about, thinking about, thinking about raising rates. Powell’s answer was, “No!”

This despite the Fed’s extremely rosy outlook for economic growth.

Despite the fact that the Fed thinks the economy is going to grow uninterrupted for the next few years, above trend, the fact that it sees a persistent decline in the rate of unemployment, and the fact that it sees inflation averaging 2%, something it has not done based on the way we measure it in quite some time – probably since prior to the ’08 financial crisis – the Fed says that rates are not going to go up. They’re not even going to think about raising rates. Even if all this good stuff happens, the Fed is assuring everybody that rates are going to stay at zero.”

Powell and company also assured everybody that there would be no taper. In other words, the central bank has no plans to slow down quantitative easing asset purchases. Peter said he thinks the Fed will ultimately do the opposite of taper, just like the Reserve Bank of Australia and the ECB have already done.

I think they’re going to ramp it up. They just haven’t admitted that yet. But what the Fed wanted to go out of the way to say was that if they ever decide that they want to taper, that they want to slow down their pace of asset purchases, Powell said we’re not going to surprise anybody with the taper. We’re going to give everybody an advanced warning.”

Peter said this is BS. If there is really a problem in the economy that the Fed has to react to, it has to do it in the moment. You can’t wait to see how the markets might react with some kind of trial balloon.

As far as inflation goes, Powell finally admitted that it would likely run above the 2% target sometime this year. But the word of the day was “transitory.” Powell said the big spike would primarily be because of the comparison to the really low prices we saw at the height of the lockdowns.

So, what Powell is saying is that the spike that he sees coming in inflation, and he only sees it coming up to maybe 2.4% … he’s saying that’s going to be transitory. So, the Fed is not concerned about that. Inflation is going to return back down to 2% or lower the following year. And according to Powell, inflation expectations remain well-anchored at 2%.”

A reporter asked Powell how much inflation would have to run above 2% before the Fed becomes concerned enough to act. He refused to put a number on it.

I think the reason he doesn’t want to is A. he can’t because he hasn’t even thought it through. But he probably doesn’t want to scare the markets by saying too high a number. Then the dollar would get killed. Gold would go up. Or, basically telling the truth that there is no number — that no matter how bad inflation gets, the Fed’s going to do nothing about it.”

When it comes to inflation, the Fed’s basic message is “we’ll cross that bridge when we get there, and we may never get there.” Peter said this should scare the bejesus out of anybody. And he raised a key question: what makes these central bankers so sure that the big price increases we’re seeing right now are transitory?

I mean, how do you know they’re transitory? You don’t know that until you transition out of them. If the guys at the Fed were such geniuses at predicting prices, well, they could make millions or billions trading the markets. … The reality is, they don’t know that these increases are transitory. As far as they know, any big price increases that we see in 2021 they could just be the beginning of a trend that’s going to go on for years, and years, and years.”

Powell is willing to gamble that price increases are transitory. The problem is that if you wait to find out before acting, it’s too late. It’s just another game of chicken.

There’s an old saying among central bankers – don’t let the inflation genie out of the bottle. Be proactive. Be preemptive.

What Powell went out of his way to do is say, ‘Hey, this time it’s different. We’re not going to be proactive. We’re just going to take a chance and hope that price increases are transitory, and we’re just going to assume that everything is going to be OK. And then if it turns out that we’re wrong, well, we’ll deal with that problem if it arises.’ But there is no way to deal with that problem if it arises, especially since it’s going to be so much worse because of the time that they waited.”

Listen to the entire podcast for more analysis of the Fed meeting and Powell’s comments.

Tyler Durden
Thu, 03/18/2021 – 15:15

via ZeroHedge News https://ift.tt/3vCgzWN Tyler Durden