Latest news with #NorthernAmerican
Economic Times
24-07-2025
- Business
- Economic Times
America's changing stages of capitalism impacted the world — Donald Trump now wants to disrupt the old economic order: Jonathan Levy
Jonathan Levy is Professor of History at Sciences Po, Paris. Speaking to Srijana Mitra Das, he discusses capitalism shifting shape in America — and new directions under Donald Trump: Q. What is the core of your research?A. I'm a historian and my focus is the history of the United States. I'm also a historian of capitalism across the American past and in the relationship between the US and the world. Q. How do you characterise what you call the 'main ages of American capitalism'?A. The origins of American capitalism can be found in the history of the British Empire — for political reasons, it promoted the expansion of commerce in the Atlantic world, throughout Asia and the Northern American colonies. So, I define the first age of American capitalism as the Age of Commerce, where the dominant question was to what degree the state would expand this. The next stage, the Age of Capital, beginning after the abolition of slavery, had two defining characteristics — first, industrialisation and the shift of capital away from agriculture towards industry. By the end of the 19th century, the United States had displaced Britain as the largest industrial power in the world. But this age also had financial and monetary dynamics which were as intrinsic to capitalism as industry — those culminated in 1929's crash and the Great Depression. That begins what I call the Age of Control, with the New Deal which fundamentally changed America's political economy. After World War II, the US became a global economic, industrial, commercial and financial hegemon. The last stage is the Age of Chaos after 1980, linked to the increasing prominence of finance in the US. I also discuss new disruptive information technologies from places like Silicon Valley, this age characterised by the chaotic nature of both finance and new tech. Q. Which age of American capitalism are we seeing now? A. I think a new stage is being born — but transitions of this magnitude take decades. When 2008's financial crisis occurred, people thought that, like 1929, a new age of capitalism would emerge — that did not happen. Instead, the Obama administration cobbled back a version of the capitalism that existed before 2008 — so, what America saw instead was a slow social and political crisis that followed 2008. That became visible with Donald Trump's first election in 2016 and the way Trump broke away in his criticisms, whether of immigration or trade, from the ruling philosophies of both the Democratic and Republican parties. Trump changed the rhetoric on trade and international economic relationships, especially pointing to what he said was the risk of China to an America-led world later saw Joe Biden make more attempts at transformation with a new industrial strategy and promoting parts of US manufacturing, alongside concern about Donald Trump is clearly a disruptive agent, both in terms of his politics and policies. He very much wants to break apart the old economic order — I don't see him or the political movement behind him as having the potential to create a new order but he does have the potential to destroy the old one. We're in a waiting phase to see what happens next. Q. What are the implications of this for the rest of the world? A. After WWII, there was an assumption the United States would have a hegemonic relationship with the world — it would create rules it would benefit from but those would also offer advantages to others, whether through the use of the dollar or the openness of the American market. Hence, some economies sought to industrialise by exporting to America, such as Germany and Japan after World War II. More recently, this was true of China. It hasn't been as true of India, although, in recent decades, India has integrated more with the US via services.I think both the Trump and Biden administrations, in their own ways, began to question whether these relationships do work in the interests of the United States. Hence, we've seen an emphasis on national security, the China issue and the need to revamp US industry — such initiatives are important but I doubt they'll amount to wholescale transformation. Q. What forms of wealth or assets define American capitalism today? A. At the heart of capitalism is capital, a form of wealth valued in light of its capacity to earn a future profit or returns. During the Age of Control, the US political economy was structured with what I call a 'politics of income' — the welfare state and other measures sought to make the distribution of labour incomes more equitable. Now, since the 1980s, wealth and the ownership of assets, especially financial assets, has become more important than labour incomes — when that happens, you see greater inequality and debt. That's been a central feature of American capitalism over the last 20 to 30 need to ask if there should be an effort now to increase the ownership of assets and wealth, to make this less inequitable, or to restore an emphasis on incomes and away from wealth? This is an inescapable question today. Q. We're seeing breath-taking levels of American fiscal debt now — how does that coexist with capitalism? A. First, public debt isn't intrinsically bad — it depends on what it goes to. The US has a persistent budget imbalance which leads to rising debt. But the investments being made through the fiscal mechanism are not necessarily great — America has not been able to move its fiscal apparatus towards doing the things that should be done in the present to lead towards a better fiscal future. The US solved child poverty during Covid — and then decided to unsolve it by tax cuts and cutting successful social spending programs. Similarly, under Biden, the US began making some investments in a green energy transition — now, they're being undone by Trump. So, the US state is overly indebted — but it isn't doing the things it should quite rightly do. Views expressed are personal
Time of India
13-07-2025
- Health
- Time of India
Arizona resident dies from pneumonic plague; What to know about the disease (symptoms, risk factors, treatment inside)
A Northern American resident has died from an ancient disease called pneumonic plague, health officials confirmed on Friday. On July 11, a resident of Coconino County died within hours of being rushed to Flagstaff Medical Center, where doctors confirmed pneumonic plague caused by Yersinia pestis. According to the local officials, the death in Coconino County was the first recorded death from pneumonic plague since 2007. Unlike the bubonic plague, this strain infects the lungs and can spread from person to person via respiratory droplets. Let's take a look at this rare disease, its symptoms, risk factors, and treatments. What is Pneumonic Plague? Pneumonic plague is a severe lung infection caused by the bacterium Yersinia pestis. Symptoms include fever, headache, shortness of breath, chest pain, and coughing. They typically start about three to seven days after exposure. Forms of plague: Bubonic (lymph nodes), Septicemic (bloodstream), Pneumonic (lungs)—the deadliest and only form transmissible between humans. Transmission: Inhalation of infected droplets or progression from untreated bubonic/septicemic cases, and in rare animal-to-human instances. No human-to-human spread has been recorded in the US since 1924. What are the symptoms of the pneumonic plague? The symptoms of pneumonic plague begin one to four days after exposure to the bacteria. Although the early symptoms mostly consist of fever, headache, weakness, nausea, and a bloody or watery cough due to infection of the lungs (pneumonia), pulmonary symptoms include rapid breathing, chest pain, difficulty breathing, and cough with bloody or watery sputum. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo The pneumonia rapidly becomes worse, and if left untreated, mortality is nearly certain within 18–36 hours. What are the risk factors of the pneumonic plague? Flea bites carrying the bacteria from wild rodents to humans, handling infected animals or carcasses, and inhaling respiratory droplets from infected hosts can be some of the common risk factors behind pneumonic plague. As per the Cleveland Clinic, this fatal disease can spread from person to person through coughing and sneezing, just like the common cold. You can also get it from close contact with infected animals or from bacteria moving to your lungs from another part of your body (secondary infection). Rural western US, like Northern Arizona, New Mexico, and Colorado, are marked as geographic hotspots for the disease and average approximately 7 plague cases annually in the country. Diagnosis and treatment: The difference between the forms of plague is the location of infection; in pneumonic plague, the infection is in the lungs, in bubonic plague the lymph nodes, and in septicemic plague, within the blood. Diagnosis is by testing the blood, sputum, or fluid from a lymph node. Early treatment with appropriate antibiotics is essential because untreated plague – especially the pneumonic form – is almost always fatal. The antibiotic therapy is highly effective if started early – streptomycin, gentamicin, doxycycline, tetracycline, and chloramphenicol are standard options. However, you should use antibiotics to prevent or treat plague only under the direction of your healthcare provider or local health department. It is important to note that treatment must begin within 24 hours of symptom onset to avert fatality. Precaution and prevention tips: As per research , the case-fatality rate for pneumonic plague in the United States since 1950 approaches 50%. To prevent person-to-person transmission, patients with suspected pneumonic plague should be managed in isolation under respiratory droplet precautions. Wear gloves if you are handling or skinning potentially infected animals to prevent contact between your skin and the plague bacteria. Contact your local health department if you have questions about the disposal of dead animals. Model-actor Poonam Pandey dies of Cervical Cancer: All you need to know about this cancer and current treatments
Yahoo
30-04-2025
- Business
- Yahoo
Trump says Michigan base will stay open, get new fighter jets
President Trump on Tuesday announced Selfridge National Guard base in Michigan will receive 21 F-15EX Eagle II fighters, newer generation jets meant to replace the installation's aging A-10 Thunderbolt IIs, effectively guaranteeing the base's future. The Boeing-made aircraft, previously purchased by the Air Force, will go to Selfidge after years of lobbying from Michigan lawmakers to shore up the future of the 106-year-old Harrison Township base, an installation that has an estimated $850 million impact on the state's economy. 'I've come in person to lay to rest any doubts about Selfridge's future and the vital role it'll play in our initial defense,' Trump said in a speech at the base, during a visit to Michigan to mark the 100th day of his second term in office. 'As commander and chief, I'm proud to announce that very soon, we will replace the retiring A-10 Warthogs with 21 brand-new F-15EX Eagle II fighter jets. The best in the world; brand new,' he said to applause. Trump said new aircraft 'will keep Selfridge at the cutting edge of Northern American airpower,' after the Air Force is expected to begin phasing out the A-10, also known as the Warthog, starting next year. The announcement follows a surprise appearance at the White House by Democrat Michigan Gov. Gretchen Whitmer earlier this month, a visit Trump alluded to in his speech. Whitmer was present at Selfridge during the announcement. 'She came to see me. That's the reason she came to see me, by the way, to save Selfridge. And she was very effective along with some of the other politicians and some of the military people,' Trump said. 'They love this place. They love what it stands for, all the victories they've had here over the years. So I want to thank Gov. Gretchen Whitmer for bringing it also to our attention very strongly.' The announcement comes as the state, which voted for Trump last year, has been rocked by his dramatic flip-flopping tariff policies, given its major automobile industry and its borders with Canada. Home to the 127th wing of the Michigan Air National Guard, Selfridge opened in 1917 and supports an estimated 5,000 jobs. Last year, the base announced it would host a new squadron of Air Force KC-46A Pegasus refueling tankers, meant to replace the outgoing KC-135, which could be phased out as early as 2027. Other aircraft at Selfridge include the Michigan Army National Guard's CH-47 Chinook helicopters, the U.S. Coast Guard's HH-65 Dolphin helicopter, and various other aircraft used by Customs & Border Protection. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
29-04-2025
- Politics
- Yahoo
Trump announces new 'serious power' fighter jets for Michigan Guard base to replace aging A-10s
President Donald Trump unveiled new plans Tuesday to swap out the retiring A-10 Warthog aircraft based out of Selfridge Air National Guard Base in Michigan with 21 brand-new F-15EX Eagle II fighter jets. Trump shared details of the new fighter jet mission during a speech to National Guard members at the Michigan base for an event commemorating his 100th day in office. Selfridge will become the fourth military installation to operate the fighter jet, which entered operational service in July 2024. "Fresh off the line. That means they are brand new," Trump said. "They've never been anywhere. This is where they're going to be for a long time. And I saw one of them, flew over my head, and I said, 'What the hell is that?' That plane has serious power. So, this is the best there is anywhere in the world, the F-15EX Eagle II. This will keep Selfridge at the cutting edge of Northern American air power." Us And Canada Conduct Air Defense Drills In Greenland As Trump Pushes For Control The next-generation fighter jet is only operating at three other National Guard bases — the Portland Air National Guard Base in Oregon, Fresno Air National Guard Base in California and New Orleans Air National Guard Base in Louisiana. Read On The Fox News App The fighter jet is an updated version of the F-15C Eagle aircraft the Air Force introduced in 1989 and features bolstered fuel efficiency, radar and avionics, according to the Air National Guard. The jet is designed to work alongside other Air Force aircraft, including the F-22 Raptor and F-35 Lightning II fighter jets. "America's military will soon be stronger and more powerful than ever before, and Selfridge Air National Guard Base will remain at the center of the action," Trump said. Boeing To Build Next-gen 'F-47' Us Fighter Jet, Trump Announces Trump's announcement comes amid lengthy debate between Congress and the executive branch about how to phase out the A-10. While Congress put a stop to former President Barack Obama's administration's attempts to retire the aircraft, Trump's first administration called to keep the aircraft in service. Former President Joe Biden's administration moved to start retiring the aircraft more aggressively in 2023. The Air Force introduced the A-10 in 1977, and the aircraft experienced combat for the first time during the Gulf War. In March, Trump shared that Boeing would build the Air Force's next-generation fighter jet, known as the F-47. An experimental version had been covertly flying for years, he said. The Next Generation Air Defense initiative the Biden administration put on the back burner will oversee the effort. However, the Trump administration revived the program. "I'm thrilled to announce that, at my direction, the United States Air Force is moving forward with the world's first sixth-generation fighter jet," Trump said in March. "Nothing in the world comes even close to it, and it'll be called the F-47. The generals picked that title."Original article source: Trump announces new 'serious power' fighter jets for Michigan Guard base to replace aging A-10s
The Hill
29-04-2025
- Business
- The Hill
Trump says Michigan base will stay open, get new fighter jets
President Trump on Tuesday announced Selfridge National Guard base in Michigan will receive 21 F-15EX Eagle II fighters, newer generation jets meant to replace the installation's aging A-10 Thunderbolt IIs, effectively guaranteeing the base's future. The Boeing-made aircraft, previously purchased by the Air Force, will go to Selfidge after years of lobbying from Michigan lawmakers to shore up the future of the 106-year-old Harrison Township base, an installation that has an estimated $850 million impact on the state's economy. 'I've come in person to lay to rest any doubts about Selfridge's future and the vital role it'll play in our initial defense,' Trump said in a speech at the base, during a visit to Michigan to mark the 100th day of his second term in office. 'As commander and chief, I'm proud to announce that very soon, we will replace the retiring A-10 Warthogs with 21 brand-new F-15EX Eagle II fighter jets. The best in the world; brand new,' he said to applause. Trump said new aircraft 'will keep Selfridge at the cutting edge of Northern American airpower,' after the Air Force is expected to begin phasing out the A-10, also known as the Warthog, starting next year. The announcement follows a surprise appearance at the White House by Democrat Michigan Gov. Gretchen Whitmer earlier this month, a visit Trump alluded to in his speech. Whitmer was present at Selfridge during the announcement. 'She came to see me. That's the reason she came to see me, by the way, to save Selfridge. And she was very effective along with some of the other politicians and some of the military people,' Trump said. 'They love this place. They love what it stands for, all the victories they've had here over the years. So I want to thank Gov. Gretchen Whitmer for bringing it also to our attention very strongly.' The announcement comes as the state, which voted for Trump last year, has been rocked by his dramatic flip-flopping tariff policies, given its major automobile industry and its borders with Canada. Home to the 127th wing of the Michigan Air National Guard, Selfridge opened in 1917 and supports an estimated 5,000 jobs. Last year, the base announced it would host a new squadron of Air Force KC-46A Pegasus refueling tankers, meant to replace the outgoing KC-135, which could be phased out as early as 2027. Other aircraft at Selfridge include the Michigan Army National Guard's CH-47 Chinook helicopters, the U.S. Coast Guard's HH-65 Dolphin helicopter, and various other aircraft used by Customs & Border Protection.
