‘Rich’ Gen Z Women Are By Far The Most Optimistic About ‘Getting Richer’ In 2024

‘Rich’ Gen Z Women Are By Far The Most Optimistic About ‘Getting Richer’ In 2024

The jury is still out on how the global economy is expected to perform in 2024, but as seen during the pandemic, economic turmoil sometimes provides opportunities for the wealthy.

Visual Capitalist’s Marcus Lu visualizes the percentage of high net worth individual (HNWI) respondents who expect their wealth to increase in 2024, categorized by generation and gender, from the Knight Frank Next Gen Survey, accessible in their latest wealth report.

The survey covered 600 global HNWIs, who are individuals with more than $1 million in assets or make more than $200,000 a year, and then categorized their responses by gender and generation.

Affluent Gen Z Women Eye Financial Gains in 2024

At a glance, there’s a very apparent generational difference in the expectations of getting richer in 2024.

About half (52%) of the surveyed Baby Boomers think their assets will grow, compared to Gen X (56%), Millennials, (69%), and Gen Z (75%).

Note: Percentage of respondents who said they expect their wealth will increase in 2024.

There’s also a noticeable gender difference. Men tend to be more optimistic than women, with one glaring exception.

A staggering 81% of the surveyed high net worth Gen Z women expect to make hay this year, making them the most optimistic of all the groups.

This corroborates a trend where Gen Z women were also the most optimistic in retirement planning. As CNBC reports, a combination of newer avenues of financial resources, and an openness towards advice, has given them a more optimistic attitude than their older counterparts.

Meanwhile, American Millennials are expected to become the richest generation ever as a $90 trillion asset transfer between Boomer parents and Millennial children begins to take place over the next two decades.

A huge percentage of that wealth comes in the form of property assets accumulated by generations before them. This especially includes houses, whose prices have skyrocketed over the last two decades.

Tyler Durden
Mon, 04/01/2024 – 23:20

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America’s Controversial Stealth Fighter Jet Can Now Carry Nukes

America’s Controversial Stealth Fighter Jet Can Now Carry Nukes

Authored by John Haughey via The Epoch Times (emphasis ours),

It was a routine Pentagon announcement during a regular briefing the Friday before the president typically submits his annual defense budget request to Congress on the second Monday in March.

As of October, a spokesman for the Department of Defense’s (DOD) F-35 Joint Program Office told Pentagon beat writers, that “certain” Air Force F-35As have been operationally certified to carry the B61-12 thermonuclear gravity bomb.

(Illustration by The Epoch Times, Getty Images, Public Domain)

While the revelation hasn’t drawn much interest from general news media in the United States, it has spurred extensive commentary within the defense-tech industry. And it is echoing loudly in Europe, most certainly within the Kremlin where Russian President Vladimir Putin has been openly discussing the use of tactical nuclear weapons.

The F-35A nuclear certification and introduction of the B61-12 bomb are key components in a tactical nuclear weapons upgrade in Europe by the North Atlantic Treaty Organization (NATO) in response to Russian saber-rattling—and advances—in battlefield nuclear weapons.

While NATO’s U.S.-built F-16A/Bs and F-16C/Ds and United Kingdom-built PA-200 Tornadoes are also fighter jets authorized to carry nuclear weapons, the F-35A Lightning II is now the first “fifth-generation” stealth fighter to be “dual-capable” of carrying conventional and nuclear weapons, according to the Pentagon.

The F-35A will soon be among NATO’s primary attack-strike jets. Belgium, Germany, Italy, the Netherlands, and Turkey are all stocking their air forces with F-35s, with Germany explicitly doing so because it would be nuclear-capable.

The March 8 announcement also confirmed the full-scale production of the B61-12 bomb. Their predecessors were housed in Belgium, Germany, Italy, and Turkey. According to some reports, they’ve been replacing them with new bombs since December 2022.

October’s nuclear certification was two months earlier than the January 2024 deadline the Pentagon set. Although only publicly acknowledged by the United States on March 8, Dutch military officials wrote in a November X post that their F-35As had achieved “initial certification” to carry nuclear weapons.

Since Pentagon policy prohibits the release of information about NATO partner military capacities, the announcement only addressed “certain” U.S. Air Force F-35As in Europe, with the U.S. fighter wing at Lakenheath in the United Kingdom likely among those upgrading.

Commander of the Swiss Air Force Major General Peter Merz gestures in front of a screen during a presentation of the a F-35 A Lightning II fighter jet at Emmen Air Base, Switzerland, on March 24, 2022. (Fabrice Coffrini/AFP via Getty Images)

A lot of this is just information warfare, SOP [standard operating procedure] and optics that we got F-35As and allies who have F-35As in Europe,” retired Army Col. John Mills told The Epoch Times.

Mr. Mills, a 33-year Army veteran and former Director for Cybersecurity Policy, Strategy, and International Affairs under the Secretary of Defense, said the F-35A “has always been about Europe.”

“The message is that the F-35s are now there, and they are nuclear certified, and B61-12s are in storage ready to go, ready to be used, if necessary, out of Lakenheath,” he said.

Mr. Mills, who has spoken and written extensively on military matters, including about the F-35A in a column in The Epoch Times, said the announcement was aimed squarely at Mr. Putin.

“Of course,” he said. “He’s the target.”

“If anything, it does create a little bit of angst on the part of the Russians, because that means the [F-35-As] have more potential platforms, more different areas, more places for the Russians to keep track of,” said Mike Fredenburg, founding president of the Adam Smith Institute of San Diego. He writes frequently on defense tech for a wide range of publications, including National Review and The Epoch Times.

“The F-35 has pretty good range for a single-engine fighter. It is stealth, and so you could obviously get closer to Russian air space before being effectively targeted than you could, let’s say, with an F-15,” noting that with 600 to 700 F-35s in U.S. and allied air forces, “we have hundreds of them, and at any given time, some of them are probably capable of flying.”

Mr. Fredenburg admits: “I’m not a huge fan of the F-35.”

So little so that for those who have followed the aircraft’s checkered development for the past 30 years, he had to quantify how truly significant the F-35A certification is. “I don’t want to say it’s insignificant. It does, I think, potentially create some more instability because nobody else has many stealth fighters,” Mr. Fredenburg told The Epoch Times.

(Top) Australian F-35A lightning fighter jets fly past during a joint exercise at a naval base in the Philippines on August 25, 2023. (Bottom) Denmark’s Minister of Defense Troels Lund Poulsen (R) greets a F-35 pilot at the Skrydstrup base in Denmark, on Sept. 14, 2023. (Ted Aljibe/AFP via Getty Images, Bo Amstrup/Ritzau Scanpix/AFP via Getty Images)

“I’d say it’d be more significant if you were putting [a nuclear weapon] on a platform that was more reliable, that you could count on. I guess I could say that.”

A Long, Haunted History

“First of all,” Mr. Fredenburg said, “you have to look at the history. From the very beginning, it was doomed. It was too heavy. There’s no way you can make an engine powerful enough to fly a plane that big. The plane is the largest single-engine plane in the world.”

When first envisioned in the early 1990s, the F-35 was touted by Lockheed Martin as an all-purpose, next-generation stealth joint-force single-engine fighter that would replace up to 16 different types of warcraft, including the Navy’s F-14, the Air Force’s F-16, and the Marine Corps’ Harrier jump jets.

That was nearly two generations ago.

Design began in 1994. After a series of delays, dozens of F-35-equipped squadrons were supposed to be operational at a cost of $233 billion by 2010.

It didn’t even come close to that,” Mr. Mills said.

By 2016, the project’s cost had doubled. It remains more than a decade behind schedule and billions over budget with mixed results, some say.

“What they did is, you know how you ‘soup up’ your car? Put nitrate in it or something like that? Mr. Fredenburg said. “You might be able to get it around a few times before it blows up, but that’s what they did here.

“They ‘souped up’ the F-22 engine and made it super, super hot to get the horsepower, that thrust, and there’s no way that engine was going to be durable.

“So,” he continued, “it’s got an engine that can’t do the job. It won’t be reliable ever. Ever.”

Read more here…

Tyler Durden
Mon, 04/01/2024 – 23:00

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M-16 Era Ends: Army’s 101st Airborne Division Receives Next-Gen Assault Rifles

M-16 Era Ends: Army’s 101st Airborne Division Receives Next-Gen Assault Rifles

Army Futures Command announced last week that troops from the 101st Airborne Division at Fort Campbell, Kentucky, have received the Army’s next-generation rifles and light machine guns chambered in a new 6.8mm round. These new weapons are replacing the decades-old M-4 and M-16 battle rifle platforms. 

Military Times reports soldiers from 1st Battalion, 506th Infantry Regiment, 101st Airborne Division at Fort Campbell were handed XM7 Next Generation Rifle and XM250 Next Generation Automatic Rifle ahead of training in April. 

Produced by firearm maker Sig Sauer, the XM7 is a 6.8×51mm gas-operated, magazine-fed assault rifle that replaces the M-4 carbine for close combat fighting. The XM250 is a 6.8×51mm gas-operated, belt-fed light machine gun that replaces the M249 Squad Automatic Weapon, or SAW. Both rifles are chambered in 6.8×51mm, a new round for the Army that will increase range and improve lethality against the most advanced body armor used on the modern battlefield. 

XM7

XM250

The fielding of these two rifles “is a culmination of a comprehensive and rigorous process of design, testing and feedback, all of which were led by soldiers,” Col. Jason Bohannon, manager of soldier lethality for the Program Executive Office Soldier project, said in a statement. 

Bohannon continued: “As a result, the Army is delivering on its promise to deliver to soldiers the highest-quality, most-capable small-caliber weapons and ammunition.”

The latest figures from the Army’s fiscal 2025 budget request show a plan to purchase 111,428 XM7 rifles and 13,334 XM250 automatic rifles. The service also wants to purchase 124,749 XM157 Fire Control devices, also known as next-gen optics, which would be standard on battle rifles through 2030. 

Both next-gen rifles “ensure increased lethality against a broad spectrum of targets beyond current/legacy weapon capabilities; increased range, accuracy, and probability of hit; reduced engagement time; suppressed flash/sound signature; and improved controllability and mobility,” the Army’s budget explains.

The new rifles come as the threat of major conflict across the world has never been higher. Conflicts could quickly spiral out of control in Eastern Europe and the Middle East. There is also rising concern about China in the Pacific. 

Tyler Durden
Mon, 04/01/2024 – 22:40

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Top Journalism School Mandating Diversity Course To Earn Degree

Top Journalism School Mandating Diversity Course To Earn Degree

Authored by Alice Giordano via The Epoch Times (emphasis ours),

Mandatory wokeness has crept into one of the top journalism schools in the United States.

View of the campus of Arizona State University (ASU), a public research university located in Phoenix, Arizona (Shutterstock)

The Walter Cronkite School of Journalism and Mass Communication is requiring students to complete the course Diversity and Civility at Cronkite (DCC) in order to earn their bachelor’s degree in journalism.

The course, which also applies to students studying sports journalism and digital media, redefines such traditional phrases as “America is a melting pot” as race-based microaggressions and teaches future journalists to avoid assuming “unearned benefits” that come with “heterosexual privileges.”

Examples of outdated heterosexual privileges given in the curriculum include excluding biological males who identified as female from traditional sex-segregated places like women’s locker rooms and women’s prisons.

“To object to a man using a women’s bathroom is an example of discrimination against transgender individuals,” reads a chapter in the course entitled “Sexuality and Gender Identity.”

Also part of the seven-unit course is required reading material entitled “A Guide to Gender Identity Terms.”

It includes lessons that emphasize the importance of asking someone for their preferred pronouns and using them.

You should offer your own pronouns first and then ask for the other person’s pronouns,” the reading material states. “While it can be awkward at first, it can quickly become routine.”

The course also teaches students to view statements like “I believe the most qualified person should get the job,” as a microaggression that translates into “People of color are given extra unfair benefits because of their race,” and “Everyone can succeed in this society, if they work hard enough,” as implying that “People of color are lazy and/or incompetent and need to work harder.”

In response to inquiries from The Epoch Times, the state-run college described the mandatory course as “an entry-level course intended to bring thoughtful, open-minded discourse to issues of race, gender, sexual orientation, ability, income, geography and other aspects of personal identities.”

The goal of the course is to help students appreciate people’s differences and to channel disagreements toward civil discussion,” the college said in a statement. “With that view, students should be better able to approach reporting and communications projects with a multicultural perspective and inspire mutual respect among students from various backgrounds and beliefs while at the university, and beyond.”

Opt-Out Possible

A spokesperson for the Walter Cronkite School, which is part of Arizona State University (ASU) also told The Epoch Times that students may opt out of specific discussions by sending their professor a private email requesting to do so.

Timothy Minella, Senior Constitutionalism Fellow at the Goldwater Institute’s Van Sittert Center for Constitutional Advocacy told The Epoch Times that the required journalism course is especially disturbing because it is being mandated by a public, taxpayer funded college.

Students who decide to major in these subjects are not necessarily signing up to be progressive activists,” he said. “A public university that should be serving the entire public, not just the liberal slice of it, needs to return to its core mission of education, not indoctrination.”

Mr. Minella, who recently wrote a critical analysis of the course after obtaining student assignments and teacher syllabuses through a public records request, said he was especially shocked by an assignment for students contemplating a career in public relations.

The assignment, as shown by records obtained by Mr. Minella, was based on an NPR interview with Demi Lovato, a pop star who has changed her gender identity multiple times.

It asks students: “Imagine you’re working at a PR firm and you have a client whose first album is about to drop. Your client’s gender identity is nonbinary and they use they/them pronouns. They have a massive press tour planned. How do you prepare journalists to talk with your client?”

Mr. Minella said the designers of the course “seemingly attempted to include every aspect of leftist identity politics” they could think up.

Pushing Diversity

The growing controversy of state colleges pushing transgender and critical race theory has become widespread.

On March 2, in a 84 to 30 vote, the South Carolina House approved a bill to ban mandatory diversity training for both students and staff at state universities.

The bill also bans any diversity mission statements as part of their admissions and employment process. If passed, it would add South Carolina to 22 states that passed similar legislation.

The issue also rages on in secondary public schools across the United States.

Earlier this week, two civil rights lawyers filed a federal lawsuit on behalf of a group made up of a Little Rock  high school teacher, students and their parents against Arkansas Gov. Sarah Huckabee Sanders and state Education Secretary Jacob Olivia, over the state’s LEARNS Act. LEARNS stands for Literacy, Empowerment, Accountability, Readiness, Networking, and School Safety.

It bans the teaching of CRT and gender ideology in public schools. The group claims the law violates their Constitutional rights to free speech.

In other recent legal action on the issue, the conservative legal group Liberty Counsel (LC) won its battle with the Osseo Area School District in Minnesota for mandating a course for high schoolers entitled “LGBTQIA+ History and Culture Lesson.”

In a March 28 email to LC, the school district wrote that “teacher opt-out religious accommodations will be approved” and “students may choose to leave prior to or during the lesson.”

Mr. Minella said diversity is being pushed to extremes in schools. By his calculations, he found that in the school year 2023, more than 400 students at the Walter Cronkite school, spent more than 2,000 hours of class time learning about diversity, equity, and inclusion.

According to Mr. Minella, there are at least 100 classes offered at the journalism school that includes “diversity,” “equity,” and “inclusion,” in its core curriculum.

In addition to the report on the DCC course at the Walter Cronkite School, The Goldwater Institute recently filed a lawsuit against ASU on behalf of two professors who were allegedly threatened with disciplinary charges for refusing to participate in the college’s diversity training.

In response to inquiries by the Epoch Times about the lawsuit,  an ASU spokesperson said in an email that “universities are” and that the school is “reserving comment until the board is fully briefed at its next board meeting.”

Its journalism school is named after legendary news anchor Walter Cronkite, dubbed the “most trusted man in America” by a public opinion survey conducted in 1972.

In a 1973 interview for Playboy Magazine, Mr. Conkrite, who died in 2009, said that “being a liberal, in the true sense, is being nondoctrinaire, nondogmatic, non-committed to a cause—but examining each case on its merits.”

He also said in the interview that “most newspapermen by definition have to be liberal; if they’re not liberal, by my definition of it, then they can hardly be good newspapermen.

“If they’re preordained dogmatists for a cause, then they can’t be very good journalists; that is, if they carry it into their journalism.”

Not everyone agreed he was the most trusted man in America, including Arizona Republican and one-time presidential nominee Sen. Barry Goldwater—the namesake of The Goldwater Institute.

Mr. Cronkite was often accused by conservatives back then of taking cheap shots at Mr. Goldwater, known as the “Grand Old Man of The Republican Party.”

On the day of President John. F Kennedy’s funeral, the CBS newsman reported that Mr. Goldwater was giving a political speech in Indiana instead of attending the President’s funeral when the U.S. Senator was actually in the state to attend his mother-in-law’s funeral.

The five-term Senator died in 1998.

Tyler Durden
Mon, 04/01/2024 – 22:20

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In Russia Mass Deportations Of Muslim Migrants Surge After Moscow Terror Attack

In Russia Mass Deportations Of Muslim Migrants Surge After Moscow Terror Attack

There have been widespread reports of mass deportations of Muslim migrants from Russia in the wake of the March 22 terror attack on the Crocus City Hall venue in a Moscow suburb which killed at least 140 people and left hundreds more wounded and injured.

This trend is said to be the result of a significant uptick in raids by authorities on apartments and dorm complexes known to house Central Asian migrants, amid concerns that Islamic radicals could carry out more attacks.

Muslims in Russia, file image: openDemocracy.net

President Vladimir Putin has put blame on Islamic extremists for the major attack which involved four gunmen planting explosives and randomly shooting into crowds; however, he and Kremlin officials also believe the men had assistance from Ukraine or possibly US or other foreign intelligence.

The alleged gunmen, who reportedly tried to escape across the Ukrainian border, are all Tajik nationals. A number of other foreigners have also been arrested in the days after the attack. Washington has said ISIS-K was behind it, while condemning Moscow’s allegations that the US or Ukraine could have had something to do with it.

The regional pro-opposition outlet Meduza has said that in the last week of March, St. Petersburg courts “received 584 cases of administrative offenses in connection with non-compliance with migration legislation.”

The report indicated that at least 418 foreigners were then ordered to go to special holding facilities to await expulsion from the country. “Another 48 people must pay a fine and leave the Russian Federation on their own,” Meduza wrote.

An organization of human right lawyers who work in Russia, Perviy Otdelobserved in a statement Friday that in the St. Petersburg region, “Temporary detention centers for foreign citizens are packed, surrounded by special vehicles and buses heading to the airport.”

The Amsterdam-based Moscow Times linked the surge in deportations to the Crocus City Hall terror attack:

The countries where the migrants were being sent to were not specified, though it is known that labor migrants in Russia mostly hail from poor Central Asian countries.

Bailiffs reportedly refer to St. Petersburg’s mass deportations as “Operation Anti-Migrant,” with raids targeting local hostels and apartments. Similar raids were reported in Moscow and other Russian cities.

Anti-immigrant sentiment surged after four gunmen — who were later identified as Tajik nationals — stormed Crocus City Hall last Friday, killing 144 people and injuring 382 in the shooting and massive fire at the popular concert venue.

The backlash against Russia’s sizeable Tajik immigrant community is expected to grow. Recent years have seen over one million unemployed Tajiks enter Russia in search of work.

A separate Moscow Times report has found that “Between 2012 and 2018, over 2,000 Tajik citizens joined terrorist groups in Syria and Iraq, making Tajikistan the third highest sender of foreign fighters to the war on a per capita basis.”

The report continues: “Most joined Islamic State, with some taking up key positions, including the group’s War Minister Gulmurod Halimov, who used to serve as head of Tajikistan’s OMON paramilitary police force.” This means Russia’s monitoring of and crackdown on this migrant community is likely only to grow from this point.

Tyler Durden
Mon, 04/01/2024 – 22:00

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Abigail Shrier’s ‘Bad Therapy’ Exposes How Therapeutic Culture Harms Children

Abigail Shrier’s ‘Bad Therapy’ Exposes How Therapeutic Culture Harms Children

Authored by Brad Jones via The Epoch Times (emphasis ours),

Preventive mental health therapy for children may be doing more harm than good—and there’s research to prove it, author Abigail Shrier suggests in her new book “Bad Therapy.”

What you might not know is that the stuff that travels under the headline ‘mental health’ is really harmful for kids,” she said at a recent book-signing event hosted by the Lincoln Club at Newport Beach. “I’m telling you that according to the best psychological research available, it’s exactly what you would want to do if you wanted to break kids down.”

In “Bad Therapy: Why the Kids Aren’t Growing Up,” which hit The New York Times’ best seller list, Ms. Shrier investigates the mental health industry and its negative impact on children, and concludes that when it comes to preventive therapy—especially for children—more is not always better.

Abigail Shrier at a book-signing event hosted by the Lincoln Club at Newport Beach, Calif., on March 20, 2024. (Brad Jones/ The Epoch Times)

‘Irreversible Damage’

Ms. Shrier’s previous book, “Irreversible Damage: The Transgender Craze Seducing Our Daughters,” led her to the explore the potential harmful effects too much therapy can have on children.

“Irreversible Damage,” exposed the “social contagion” and phenomena behind the sudden spike in the number of teenage girls identifying as transgender.

Twenty percent of seventh-grade classes were deciding they were transgender, and the terminus of this journey, as they call it, was a double mastectomy and infertility,” Ms. Shrier said.

She knew from talking to parents of gender dysphoric children that gender ideology was a social contagion that was spreading, and that a worldwide controversy was brewing. But, at the time, she said, liberals thought she was “picking on a tiny minority of kids who weren’t harming anyone,” and conservatives were asking her, ‘Why would you write about that?’”

Nobody wanted to talk about it,” she said.

“Irreversible Damage” lit a political firestorm with the progressive left and remains a cultural lightning rod. The New York Times condemned the book in a review prompting Target stores to pull it from their shelves and triggering some Amazon employees who threatened to quit their jobs in a failed attempt to get the book banned. 

The influential book not only shocked parents but it led them to question the gender ideology they discovered was being pushed in schools across America and sparked the parental rights movement across the nation.

‘Bad Therapy’ 

Ms. Shrier began her latest book, “Bad Therapy,” with a couple of questions: “Why was the generation that had gotten the most treatment, the most wellness techniques, the most regular emotional regulation techniques, the most anti-bullying classes, the most miserable? And, why do they have no interest in growing up?”

She decided to attend a conference about a multi-tiered system of support devoted to the mental health of children in California.

I thought I should go and find out what our schools were doing to support the kids I knew were in distress,” she said. “Well, by the end of the three-day conference, I learned that actually every kid is in therapy. They just call it something else. They call it social emotional learning, or anti-bullying classes, and they look a lot like group therapy.”

Ms. Shrier also discovered a whole body of research on the known harms of therapy such as a study of burn victims who left therapy feeling worse than the control group and people who had lost a loved one feeling sadder than those who didn’t go to therapy, she said.

First responders responding to catastrophe have left therapy feeling worse about themselves and their lives and what they went through than those control groups that didn’t,” she said.

It was then that Ms. Shrier began to realize the symptoms society was seeing in children are “exactly the symptoms you would see in a population that had gotten way, way, way too much therapy,” she said.

Social Emotional Learning

Ms. Shrier went to the schools to find out how social emotional learning, or SEL, is taught to children.

“How do you actually teach SEL? Well, let’s start by sharing a time when you’re happy. Well, that’s boring. Nothing to teach there. Control your joy? Let’s start by all sharing the time when we felt sad, when we felt misunderstood, when we thought we might be bullied,” she said. “Now we’re on a roll. Now we have something for the teachers to teach.”

The problem is that parents are often blamed for the child’s sadness at school because, after all, “Whose job is it to keep kids safe?” she asked.

“So now, we’re criticizing parents,” she said. “It’s completely built into the system. And, I’m not saying that because it’s a conspiracy. I’m just saying, naturally, if you want to teach wellness and emotional regulation, the way to do it is to focus on a time when kids felt sad.”

Ms. Shrier predicts in the book that social emotional learning would lead more children to be sad, anxious, phobic, and alienated from their parents.

When she finished the book in October, Ms. Shrier didn’t know researchers in Australia and England wondered the same thing and were conducting experiments on wellness techniques and anti-bullying, she said.

As it turned out, two new studies showed that “kids ended up being sadder and more anxious, more depressed and more alienated from their parents than the control group,” she said.

Rise of the Expert Class

The rise in the expert class to break down parental authority has been happening for generations, she said.

Society began to regard informal relationships “as hazardous and somewhat sinister,” and instead placed their trust in “experts.”

So, we didn’t trust grandma as much even though she had raised good kids to adulthood, but to this parenting expert whose oldest child was five, we listened,” she said.

But, while the overtreatment of children who don’t need therapy is causing damage, she said there are still children and adults who do need therapy.

“There are kids who need it. But, if you don’t treat them well, you’re only introducing risk,” she said. “They stand to gain nothing.”

Ms. Shrier stressed that she’s not opposed to therapy or medication.

“If you have a severe phobia and are afraid to leave your house, by all means get the therapy. It will help you leave your house if it’s done right. If you’re so germophobic you can’t shake people’s hands, get the therapy. … If you have a severely anorexic kid … get your kid the help they need of course,” she said.

Abigail Shrier discusses her latest best-seller, “Bad Therapy: Why the Kids Aren’t Growing Up” at a book-signing event hosted by the Lincoln Club at Newport Beach, Calif., on March 20, 2024. (Brad Jones/ The Epoch Times)

Parents need to know that therapy for a child is “an entirely different experience than therapy with an adult, because an adult can say to a therapist, ‘Listen, I really appreciated that, but I wouldn’t call my mom emotionally abusive,’ or ‘Listen  I know you’ve said in the past that’s toxic, but I’m not going to cut off my parents,” Ms. Shrier said.

Society now treats a healthy-minded child who is a little worried or a bit anxious by sending them to therapy, exposing them to risks such as increased anxiety, increased depression, alienation from their parents, and demoralization, the feeling that they are limited by a mental health diagnosis, and in some ways the sadness of all treatment dependency, she said.

Children are left feeling that “they can’t do for themselves,” or make decisions, without consulting an expert or an adult, which hinders them from gaining confidence and growing up, she said.

“We’ve never had an American generation that believes less in its ability to rise to a challenge than this one,” she said.

‘They’ve Been Told a Lie’

Ms. Shrier interviewed a young woman who has received preventive, or prophylactic, therapy since she was 6 years old, when her parents divorced. The woman, called Becca in the book, never stopped going to therapy.

Although Becca, now 17, has never been diagnosed with a mental illness, she continues to see a therapist to discuss her “anxiety,” Ms. Shrier said.

When Ms. Shrier asked what Becca and her therapist were currently working on, she replied that the therapist was helping her prepare to make friends in college.

“This is what we’re seeing in the rising generation. They don’t believe they’re up to the basic challenges of adulthood. They think they need a mental health day off,” she said. “They don’t want to have kids or get married either because they think they’re sick. In some ways, it’s the saddest thing of all, because they’ve been told a lie that they’re all mentally ill; it’s just a question of degrees.”

‘Who Objects to Wellness?’

Policies governing therapy are almost always couched in language that makes them difficult to challenge.

They are always being sold as something you can’t object to, like wellness,” she said. “Who objects to wellness?”

“That’s how all the conversion therapy bans got passed, she said. These bans were sold as a way to stop the cruel practice of trying to force gay young people to go straight, but then they slipped in gender identity language,” Ms. Shrier said.

So now, therapists who tell a girl she’s a girl and not a boy can be accused of conversion therapy and lose their license, she said.

Therapeutic Culture

Therapeutic culture has worked its way into “everything,” Ms. Shrier said.

And, while anti-bullying classes may sound like a good idea on the surface, how they’re taught and by whom has side-effects, she suggested.

“You know what you need to do to teach kids not to bully? Teach them right from wrong: ‘Don’t pick on someone smaller than you. Don’t join in,’ and ‘I’m going to be really disappointed if you do. That’s not a behavior we expect in this house. It’s wrong.’ That’s how you teach anti-bullying,” she said.

You know what you don’t do? Go into a class with a school counselor and teach all the kids they’re so fragile that if anyone says anything they don’t like they’re going fall apart, because now you have kids who don’t believe they can survive anything. That’s what they’ve been told over and over.”

The remedy is simple, she said.

“This is the easiest thing in America to fix. We’ve got a lot of problems, but this one is so easy,” she said. “Mom and Dad can fix it tomorrow. It doesn’t even take any money. You just need to assert your authority and tell kids what’s what. That’s it.”

Children are dwelling far too much and too long on their problems, and not learning how to perform errands and tasks that build confidence, she said.

“If a kid takes his problem to a pastor, or grandma, or an aunt, at some point, the aunt or the grandma is going to say, ‘You’re fine. We’ve talked about this enough. Go play!’” she said. “And guess what a therapist won’t say. ‘You’re fine.’ That’s the problem.”

Almost any activity would be better for children than social emotional learning or “talking about our bad feelings” in schools, she said. “Paint the gym, play ball—they could literally do anything—pick up trash on the side of the highway, and it would be better for them than sitting around talking about their pain,” she said.

It’s “not fair” to children who have gone through a traumatic experience to talk about their pain right before a math test, she said.

“You’re not helping them, but you might convince a kid who hasn’t gone through something really hard that actually they were abused, too,” she said.

How Much Therapy is Too Much?

Ms. Shrier told The Epoch Times in an interview that while researching “Irreversible Damage” she realized that at the core of the “social contagion” she exposed were the children’s therapists and school counselors.

In almost every case, a kid had a therapist or school counselor that encouraged them in the idea that they might be transgender,” she said.

It was “obvious and disturbing” that mental health professionals had left children “worse off or introduced a new problem,” she said.

Since too much therapy can increase anxiety and depression, “it can introduce new symptoms, like the idea that you can have gender dysphoria,” she said.

Ms. Shrier interviewed Arthur Barsky, a professor of psychiatry at Harvard Medical School and world expert on illness anxiety disorder, somatic symptom disorder, or what used to be called call hypochondriasis—the condition afflicting hypochondriacs.

Mr. Barsky, she said, told her hypochondriasis isn’t about people imagining pain, but rather hyperfocusing on the normal pains we all feel.

If you make that an organizing principle of your life, the pain will magnify,” she said. “That’s what these kids are doing to their emotional lives.”

Today’s children, many who are leading unhealthy lifestyles, think the solution must be diagnosis, therapy, or medication, but too much therapy has led them to every kind of diagnosis, including gender dysphoria, Ms. Shrier said.

Parents ‘Terrified’

‘Helicopter moms,’ the term for overprotective parents who hover over their children fearing they will be traumatized at school or away from home, have given rise to a new generation of parents who are even more afraid, according to Ms. Shrier.

“They’re frantic,” she said. “It’s much worse than helicoptering. It’s surveillance parenting.”

These parents “are actually tracking their kids with an app on their phones,” and calling teachers demanding their children not be seated next to students who might hurt their feelings, she said.

They’re calling coaches. They’re calling bosses,” she said.

And they’re convinced they must protect their child from being “called a bad name at elementary school” because if they don’t the trauma will devastate them, she said.

“They can never look away,” she said. “They’re terrified of emotional injury. They’re terrified of bullying.”

‘Surveillance Parenting’

While generations of older Americans, including conservative opinion hosts, have mocked the rising generation, often calling them “snowflakes” who need “safe spaces” and “therapy dogs” so they don’t melt over comments they find offensive, Ms. Shrier says the problem runs much deeper than thin-skinned youth.

“It’s worse than that,” she said. “Kids are not able to deal with normal problems in adult life because they’re genuinely believing themselves sick.”

American society has been immersed in trauma and therapy culture for more than a generation, and its effects are “profound,” she said.

“Now kids don’t say ‘I’m shy,’ they say ‘I have social phobia.’ They don’t say ‘I’m worried,’ they say ‘I have anxiety.’ They don’t say ‘I feel sad,’ they have depression,” she said. “That is proof that they were swimming in the language of psychopathology.”

These parents bought into the notion that preventive therapy was an innocuous intervention, “but it’s not,” she said.

“It’s false. It’s never been true, but they believed that,” Ms. Shrier said. “Where did they get that idea? They’d all been teased, they’d all been neglected, they’d all had their hearts broken, so why did they become convinced in one generation that their children couldn’t survive that?”

The answer: “Because the experts told them.”

This parental generation trusted the mental health experts and believed the “trauma narrative” they were selling, she said. Some became “obsessed” with normal problems children face at school because they grew up to think everybody can use therapy like “a mental tune-up,” even though there is a body of research called iatrogenesis “when a healer introduces a harm.”

Most parents weren’t aware of the negative side effects therapy can cause, especially for children who don’t need it, Ms. Shrier said.

Preventive Mental Health

Some of this therapeutic culture stems from rising divorce rates over the last few decades.

“A lot of us went to therapy as adults and we thought that really helped, and we assumed it would be the same for a kid,” she said. “It’s not.”

Mental health experts—the American School Counseling Association, the National Association of School Psychologists, the American Psychological Association—that had nothing to say as children headed into the second academic year of lockdowns during the COVID-19 pandemic, when the lockdowns were “the most obvious detriment to kids’ mental health,” she said, “now present themselves as the cure.”

These mental health experts behave more like groups that want to enrich themselves than people who are “actually trying” to help the mental health of children, she said.

“Now, if you need therapy, if you have a disorder, if you have a real problem, it’s worth the risk. It’s when you don’t have a problem, that you only stand to face the risk because you don’t stand to benefit,” she said. “So, I’m not against treatment. What I’m against is what they call ‘preventive mental health,’ which has no proven track record of helping anybody. And, by the way, of course it can’t. It’s treating people who don’t have a problem.”

Tyler Durden
Mon, 04/01/2024 – 21:40

via ZeroHedge News https://ift.tt/iWPueIY Tyler Durden

Which US College Major Is The Worst For Finding A Job?

Which US College Major Is The Worst For Finding A Job?

Finding a job can often be a Sisyphean task in this rapidly changing modern economy. Highly sought after skills come and go, following the greater tides of technology change, marketplace behavior, and shifting consumer patterns.

After all, take a look at what’s happening in the tech world.

Education plays an important role in this job hunting business of course. And some skill sets are losing their sheen, with their practitioners having a harder time than others in securing gainful employment.

But which ones are the worst right now?

We visualize the top 10 U.S. college majors, ranked by their unemployment rate, including their underemployment rate for additional context. These figures are of recent college graduates (those aged 22–27 with a bachelor’s degree or higher) and are sourced from the New York Federal Reserve, current up to February 2024.

ℹ️ Underemployment is when workers are working less than full-time or in insufficient jobs for their training.

Ranked: U.S. Majors with the Highest Unemployment Rates

Heading the first three spots on this list are all the majors with “art” in their name.

Nearly 8% of recent Art HistoryLiberal Arts, and Fine Arts graduates are unemployed, with more than 50% of them underemployed.

At fourth place, 7.8% of recent Aerospace Engineering majors have not found a job—a surprising statistic since engineering is regarded as one of the more stable majors to study.

In fact from same data source, Industrial and Mechanical engineers have some of the lowest unemployment rates in the country.

However, aerospace engineering jobs tend to be clustered around the big companies in an otherwise small industry, with additional requirements for security clearances. Tellingly, the underemployment rate for aerospace engineering graduates is less than 20%, which is the best out of this list.

At fifth, sixth, and seventh place are History (7.5%), English (6.6%), and Mass Media (6.3%) of which the former two have also seen a rapid decline in undergraduates in the last decade.

Tyler Durden
Mon, 04/01/2024 – 21:20

via ZeroHedge News https://ift.tt/va3qwC9 Tyler Durden

Scientists Uncover Mechanism Viruses Use To Cause Cancer

Scientists Uncover Mechanism Viruses Use To Cause Cancer

Authored by Emma Suttie via The Epoch Times (emphasis ours),

Viral infections are thought to be a central cause of between 10 to 20 percent of cancers worldwide, representing a significant portion of the global cancer burden.

A recent discovery may further our understanding of how viruses cause cancer.

Researchers from the Cleveland Clinic uncovered one of the mechanisms that a type of virus called Kaposi sarcoma-associated herpesvirus (KSHV) uses to induce cancer.

The study, published last month in Nature Communications, found that the KSHV virus activated a specific pathway responsible for cell metabolism and the way cells grow and multiply. Using current U.S. Food and Drug Administration (FDA)-approved breast cancer drugs, they were able to reduce the replication of the virus, stop the progression of the lymphoma, and shrink existing tumors in preclinical models.

Jun Zhao, of the Cleveland Clinic Florida Research and Innovation Center, who holds a doctorate in genetic, molecular, and cellular biology is the study’s lead author.

Our findings have significant implications: viruses cause between 10% to 20% of cancers worldwide, a number that is constantly increasing as new discoveries are made. Treating virus-induced cancers with standard cancer therapies can help shrink tumors that are already there, but it doesn’t fix the underlying problem of the virus,” Mr. Zhao explained in a news release. “Understanding how pathogens transform a healthy cell into a cancer cell uncovers exploitable vulnerabilities and allows us to make and repurpose existing drugs that can effectively treat virus-associated malignancies.

Kaposi Sarcoma-Associated Herpesvirus

Kaposi sarcoma-associated herpesvirus, also known as human herpesvirus 8 (HHV8), is “A type of virus that causes Kaposi sarcoma (a rare cancer in which lesions grow in the skin, lymph nodes, lining of the mouth, nose, and throat, and other tissues of the body). Kaposi sarcoma-associated herpesvirus also causes certain types of lymphoma (cancer that begins in cells of the immune system),” according to The National Cancer Institute.

According to the news release, Kaposi sarcoma-associated herpesvirus is similar to other herpesviruses in that it is often asymptomatic and stays in the body laying dormant after primary infection. However, when the immune system becomes weakened or compromised, as it does in many elderly people, transplant recipients, or those with HIV or AIDS (acquired immunodeficiency syndrome), the virus can reactivate. In these high-risk immunocompromised groups, the reactivated virus “can trigger aggressive cancers.”

Cancer cells replicate quickly and reprogram the body’s metabolism to help them grow and spread. Most viruses don’t produce their own energy or the molecules they need and therefore hijack the body’s cells to do the work for them. However, the researchers found that the KSHV virus assumes control of two host proteins (CDK6 and CAD) which causes the virus to replicate more quickly and the cells to multiply and spread out of control.

The news release also states that KSHV-induced cancers are “fast-acting, aggressive and difficult to treat,” and that an estimated 10 percent of people in North America and Northern Europe, and 50 percent of people in Africa have KSHV, although the numbers are thought to be much higher because the virus can present without symptoms and often goes undiagnosed.

A University of Pittsburgh article about KSHV writes, “It is highly likely that over 95% of persons who are healthy and infected with KSHV do not have symptoms and never will,” and that problems develop once a person’s immune system becomes compromised.

Viruses and Cancer

In addition to KSHV, several other viruses are known to cause human cancers. According to the American Cancer Society, the following viruses can cause cancer in humans:

  • Human papillomaviruses
  • Epstein-Barr virus
  • Hepatitis B virus and hepatitis C virus
  • Human immunodeficiency virus
  • Human T-lymphotropic virus-1
  • Merkel cell polyomavirus

The American Society of Microbiology states that “Viruses can lead to cancer by associating with host proteins, proliferating when the human immune system is weakened, and hijacking proliferating human cells. Compared to other viruses, human tumor viruses are unusual because they infect, but do not kill, their host cells.” This process allows the human tumor viruses to initiate ongoing infections.

The research team discovered that the combination of Palbociclib—a drug that is FDA-approved to treat breast cancer and works by blocking CDK6—and a compound that blocks CAD (the two host proteins that are hijacked by the virus) caused a substantial reduction in tumor size and improvements in cancer survival rates in preclinical models. According to the news release, “Most tumors virtually disappeared after about a month of treatment, and remaining tumors shrank around 80%. Survival increased to 100% for selected lymphoma cell lines.”

Future Impact

The findings could lead to new options for the treatment of KSHV-associated cancers, which include Kaposi’s sarcoma, primary effusion lymphoma, and HHV8-associated multicentric Castleman disease. They could also potentially extend beyond KSHV-associated cancers to other viruses that cause cancer using the same or similar mechanisms.

As for what the findings mean for the future, Mr. Zhao says, “Cellular metabolism could be hijacked by both viruses and cancers for pathogenesis. By investigating these metabolic rewiring mechanisms, we aim to find the Achilles’ heel of cancer-causing viruses and non-viral cancers. I’m excited to see what the future of this work holds.”

Tyler Durden
Mon, 04/01/2024 – 21:00

via ZeroHedge News https://ift.tt/xUmAqvQ Tyler Durden

La Niña Forecasted To Fuel Explosive Atlantic Hurricane Season 

La Niña Forecasted To Fuel Explosive Atlantic Hurricane Season 

Hurricane season doesn’t start until June 1st—or about two months from today, April 1st. Weather forecasters have already warned that the Atlantic Hurricane season could be super active, and that’s a major problem for anyone trying to plan a vacation in the Bahamas later this year or operators of offshore oil/gas wells across the Gulf of Mexico. 

“The 2024 Atlantic hurricane season is forecast to feature well above the historical average number of tropical storms, hurricanes, major hurricanes and direct US impacts,” AccuWeather Lead Hurricane Forecaster Alex DaSilva said.

DaSilva explained: “Sea-surface temperatures are well above historical average across much of the Atlantic basin, especially across the Gulf of Mexico, Caribbean and the Main Development Region [for hurricanes].” 

Besides the very warm Atlantic Ocean water temperatures adding fuel to the fire, the development of La Niña (read: “The Coming Collapse Of El Nino And Flip To La Nina”) in the Pacific results in less disruptive winds, known as wind shear, over most of the Atlantic basin, which means tropical systems will form more easily. 

All three Atlantic hurricane seasons, 2020, 2021, and 2023, La Niña was present and featured well above the 30-year historical average of 14 named storms. 

DaSilva forecasts 20-25 named storms across the Atlantic basin in 2024, including 8-12 hurricanes. He expects four to seven major hurricanes and four to six storms to land on the Gulf and East Coast. 

And, of course, corporate media will blame fossil-fuel-caused climate change for an active hurricane season while Gen-Z climate buffoon Greta instills more climate anxieties into her hopeless young followers. 

Tyler Durden
Mon, 04/01/2024 – 20:40

via ZeroHedge News https://ift.tt/vXJH0V1 Tyler Durden

California’s Deficit Is $222 Billion And The State Is $1.6 Trillion In Debt

California’s Deficit Is $222 Billion And The State Is $1.6 Trillion In Debt

By Mike Shedlock of MishTalk

Governor Gavin Newsom bragged of a surplus, but California is seriously underwater. The next recession will hit the state extremely hard.

Golden State Budget Fantasy

The City Journal founder Ed Ring comments on the Golden State Budget Fantasy

While finalizing the upcoming fiscal year’s state budget back in May 2022, California governor Gavin Newsom boasted of an extraordinary projected surplus: $97 billion. The governor immediately collaborated with an enthusiastic state legislature to spend it all. Of course, new spending on new programs and benefits tends to become permanent.

This has happened repeatedly in California. Between fiscal year 2012–13 and fiscal year 2022–23 (the year with the projected $97 billion surplus), per capita general-fund spending doubled, from just over $3,000 per resident to just under $6,000. (All figures are in 2022 inflation-adjusted dollars.)

The State Office of Legislative Analyst’s latest report projects a $73 billion dollar deficit for the next fiscal year. It won’t be easy to paper over this debt, but the state may use its opaque accounting system to hide the ball.

California’s general-fund budgets are reported on a cash basis. The state’s balance sheet, however, uses “accrual-based accounting.” Without getting too far into the weeds, this is an apples v. oranges situation. Instead of the algebraic perfection of private-sector income statements, balance sheets, and cash flows, government accounting provides no easy way to reconcile what you see on the budget.

Some watchdogs, however, have succeeded in cracking the code. John Moorlach, one of the only certified public accountants to serve in the California State Senate, just published a review of the state’s fiscal health, focusing on the balance sheet. According to Moorlach, California’s balance sheet is in trouble.

Moorlach declared in a March California Insider interview that the state “now has the largest unrestricted net deficit in the US: $222 Billion.” In plain English, Moorlach is saying that California’s state government accounts have liabilities that exceed assets by $222 billion. No matter how creative Newsom and his financial wizards may be, someday that money will have to be paid.

A remedy that California has turned to over the years and will undoubtedly turn to now is to accumulate additional long-term debt. Emulating the federal government, but lacking its dollar-printing ability, California’s state and local governments and agencies have racked up over a trillion dollars in debt, primarily in bonds and unfunded pension liabilities. These liabilities, too, must be paid. Since that’s all but impossible, the liabilities must be serviced with payments that, just as at the federal level, will eat up more and more of the operating budgets.

How Much Is California in Debt?

The above link says over a trillion. That’s being very generous to California. Click on it to discover … California State and Local Liabilities exceed $1.6 Trillion.

California’s total state and local government debt now stands at almost $1.6 trillion, or about half the state’s GDP.

That isn’t an alarming ratio when compared to the national debt, which has now soared to 128 percent of U.S. GDP with no end in sight. But Californians carry this $1.6 trillion state and local debt ($40,000 per capita) in addition to their share of the national debt (about $90,000 per capita).

That article was from February of 2022. I suspect the liabilities are now close to $2 trillion.

Cost of Running a McDonalds Jumps $250,000 in CA

On February 4, I noted the Cost of Running a McDonalds Jumps $250,000 in CA Due to Minimum Wage Hikes.

A blowback is underway.

California Restaurants Cut Jobs

On March 26, I commented California Restaurants Cut Jobs as Fast-Food Wages Set to Rise

Proposition 103 Backfires

Citing wildfire risk, State Farm will not renew policies on 30,000 homes and 42,000 business in California.

Also on March 26, I commented Proposition 103 Backfires, State Farm to Cancel 72,000 California Policies

Blame the state, not insurers.

Congratulations to NY, IL, LA, and CA for Losing the Most Population

People in California, increasingly getting sick of the state’s progressive madness, are voting with their feet.

For discussion, please see Congratulations to NY, IL, LA, and CA for Losing the Most Population

Absolute Basis Losers

  • New York: -631,104

  • California: -573,019

  • Illinois: -263,780

California Leads the Nation in Unemployment

The BLS metro shows unemployment rates were up in 218 of 389 metro areas. Nonfarm employment only rose in 59 areas.

On March 15, I noted Unemployment Rates Rose in 218 of the 389 Metropolitan Areas

Unsurprisingly, California has the highest unemployment rate in the nation at 5.7 percent vs. 4.1 percent nationally.

A Booming Economy?

California has massive problems although the stock market is at a record high and the economy is allegedly booming. The next recession will hit California exceptionally hard, and it’s not too far off. 

Tyler Durden
Mon, 04/01/2024 – 20:20

via ZeroHedge News https://ift.tt/L0QK9th Tyler Durden