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Loan Forgiveness Was Meant to Help Me Get Out of Debt. It Did the Opposite Print
Monday, 14 November 2016 09:16

Moore writes: "How did a program designed to help public servants confine me to what feels like indefinite servitude?"

'What started in 2008 as a United States financial crisis had morphed into a 2014 personal financial crisis.' (photo: Alamy)
'What started in 2008 as a United States financial crisis had morphed into a 2014 personal financial crisis.' (photo: Alamy)


Loan Forgiveness Was Meant to Help Me Get Out of Debt. It Did the Opposite

By Andrea Moore, Guardian UK

14 November 16

 

How did a program designed to help public servants confine me to what feels like indefinite servitude?

Debt: $120,000+
Source: Student Loans
Estimated Years Until Debt-free: Unknown

graduated from grad school in 2008, the year of the global financial crisis. Known for punctuality, Sallie Mae, congratulated me on my graduation and recent engagement with a letter informing me that my monthly payment of nearly $900 would be due just in time for the holidays.

I grieved over the thought of making these payments. Then I acknowledged the immensity of my debt, wiped my tears and sent our wedding guests the equivalent of a breakup text: wedding cancelled. No explanation, no sign of change, no happily ever after. Just cancelled.

Wanting desperately to relieve myself of debt as quickly as possible, I scheduled automatic loan payments. I diligently paid my monthly student loan payments for six consecutive years without ever placing my student loans on deferment or forbearance.

I operated under the pretense that if I did what I was “supposed to do” – go to college, obtain a career, pay my debts – the universe would reward me for my valiant efforts by extending a concession. The Public Service Loan Forgiveness Program (PSLF) was the answered prayer I thought would help lift the burden of student loan debt. Or at least lessen the load.

I’ve spent most of my career working for non-profit organizations earning an annual income that is incontestably low, considering that my total student loan debt is equal to the cost of a modest starter home in certain parts of the United States.

The problem with loan debt is that, unlike a starter home, it doesn’t offer equity or shelter. Instead, it is often the exploitative product of families and students’ desperation and the government’s willingness to protect for-profit industries at the expense of the millions of students who are beholden to exorbitant interest rates, hidden fees and inescapable private loans.

Working in the “helping profession” does not automatically make me eligible for help, but deceptive marketing and my own despair made me buy into that idea. I believed that PSLF was a reward for taking the advice of guidance counselors, teachers and family, who navigated me towards this career.

With the help of a PSLF representative who reviewed my loan information, confirmed my eligibility and helped consolidate the majority of my loans into one monthly payment that resulted into a substantial reduction, I was officially enrolled in the program.

Making my initial payment under the loan forgiveness program was gratifying. Never had I been so excited to pay a bill. After six years of two monthly automatic payments of $496 and $392 respectively, with no end in sight, making one payment of half that amount for only four more years until all was forgiven was a blessing …until it wasn’t.

After my initial payment under the PSLF program I received an email informing me that my payment had been increased by over $200, despite having a meagre income. The “good news” was that the payment increase was less glaring than what it would have been if my recent two-income household hadn’t been reduced to one after my husband’s recent layoff.

What started in 2008 as a United States financial crisis had morphed into a 2014 personal financial crisis that offered fewer life preservers than before. I had become my family’s primary breadwinner. I had a child I had to clothe and feed, an almost inoperable car I couldn’t afford to replace and the unwavering audacity to want a quality of life.

Knowing that for over six years I had paid a cumulative amount of over $50,000 in student loan interest and that a program designed to help public servants was instead confining me to indefinite servitude, resuscitated the tears I had wiped away in 2008.

This time I didn’t attempt to wipe them away; I called the PSLF program, placed my loan on forbearance for the first time since my grace period ended in 2008 and resigned to the fact that perhaps my teenage college dreams would have served me better had they been deferred.


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Where the Democrats Go From Here Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=37739"><span class="small">Bernie Sanders, The New York Times</span></a>   
Sunday, 13 November 2016 14:29

Sanders writes: "Donald J. Trump won the White House because his campaign rhetoric successfully tapped into a very real and justified anger, an anger that many traditional Democrats feel."

Senator Bernie Sanders. (photo: Jabin Botsford/WP)
Senator Bernie Sanders. (photo: Jabin Botsford/WP)


Where the Democrats Go From Here

By Bernie Sanders, The New York Times

13 November 16

 

illions of Americans registered a protest vote on Tuesday, expressing their fierce opposition to an economic and political system that puts wealthy and corporate interests over their own. I strongly supported Hillary Clinton, campaigned hard on her behalf, and believed she was the right choice on Election Day. But Donald J. Trump won the White House because his campaign rhetoric successfully tapped into a very real and justified anger, an anger that many traditional Democrats feel.

I am saddened, but not surprised, by the outcome. It is no shock to me that millions of people who voted for Mr. Trump did so because they are sick and tired of the economic, political and media status quo.

Working families watch as politicians get campaign financial support from billionaires and corporate interests — and then ignore the needs of ordinary Americans. Over the last 30 years, too many Americans were sold out by their corporate bosses. They work longer hours for lower wages as they see decent paying jobs go to China, Mexico or some other low-wage country. They are tired of having chief executives make 300 times what they do, while 52 percent of all new income goes to the top 1 percent. Many of their once beautiful rural towns have depopulated, their downtown stores are shuttered, and their kids are leaving home because there are no jobs — all while corporations suck the wealth out of their communities and stuff them into offshore accounts.

READ MORE


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The People Who Look at Trump and Don't See a Racist Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=37753"><span class="small">Daniel Engber, Slate</span></a>   
Sunday, 13 November 2016 14:27

Engber writes: "For months, Donald Trump's racism and sexism have served as Exhibit A in the case against his fitness for the presidency. In spite of Reid's remark, the press has made Trump's bigotry very clear, publishing countless articles, explanatory timelines, and listicles on the topic. And yet, on Tuesday, the American people went to the polls and made racist Donald Trump their president-elect. How could this happen?"

Demonstrators gather to rally against Donald Trump at the Parkman Bandstand in Boston Common on Wednesday. (photo: John Blanding/The Boston Globe/Getty Images)
Demonstrators gather to rally against Donald Trump at the Parkman Bandstand in Boston Common on Wednesday. (photo: John Blanding/The Boston Globe/Getty Images)


The People Who Look at Trump and Don't See a Racist

By Daniel Engber, Slate

13 November 16

 

Here’s why many Americans don’t see him that way.

t’s time for reporters and journalists to be honest with the American people,” warned Harry Reid on the floor of the Senate six weeks ago. “They owe America the truth. Through his words and deeds, Donald Trump is a racist.”

For months, Donald Trump’s racism and sexism have served as Exhibit A in the case against his fitness for the presidency. In spite of Reid’s remark, the press has made Trump’s bigotry very clear, publishing countless articles, explanatory timelines, and listicles on the topic. And yet, on Tuesday, the American people went to the polls and made racist Donald Trump their president-elect. How could this happen?

People like me—members of a desperate and discombobulated coastal elite—have floated a number of different explanations for this outcome. Maybe Americans don’t mind that Trump is racist because we’re racist, too. We live in a racist, sexist country, and Trump has given the racists and the sexists the chance to vote their true beliefs. But what about all the counties and states that went for Trump after having voted Barack Obama into office? Maybe Americans are more sexist than they are racist, in the end, and their votes for Trump were really votes against Hillary Clinton. A third explanation blames white women for the outcome, given that a majority of them voted for Trump in spite of his misogyny. Or perhaps it’s the case that millions of people—including, for example, the third of Latino voters who lined up for Trump—are living in a world built from outright lies and fake news reports from Macedonia. Perhaps these people didn’t know, or would not believe, the truth of what Trump has said and done. They failed to understand that he’s a racist pig, and so they elected him.

Here’s my theory: Tuesday’s surprise had less to do with dueling facts than rival definitions. I suspect that many Americans—an electoral college victory’s worth, at least—would agree that we shouldn’t elect a racist to the presidency. By that logic, Trump should have been defeated easily; he failed a basic moral test. But if racist is to be a decisive and disqualifying label then we need to have consensus on its meaning—my understanding of what it is to be a racist must be the same as everybody else’s. What happened Tuesday tells me that it’s not.

You could see the disagreements over racism—when and how the term should be applied—throughout the course of the campaign. Trump’s abhorrent message was clear from the outset. “They’re bringing drugs,” he said of Mexican immigrants on the day that he announced his candidacy. “They’re bringing crime. They’re rapists. And some, I assume, are good people.” Before that, of course, he’d spent years proudly championing the racist birther movement. Yet for many months to follow, the question of Trump’s status as a racist—whether he had officially earned the label—remained a topic for discussion. He’s just “careless and undisciplined,” his defenders said. “Donald Trump seems racist,” Andy Samberg said at the Emmys in September 2015. In a televised debate in March, Hillary Clinton dodged the question of whether Trump deserved the scarlet R: “I was the first one to call him out” for his “deeply offensive rhetoric,” she said, adding that “trafficking in prejudice and paranoia has no place in our political system.” But is he, in fact, an actual racist? “People can draw their own conclusions,” she said.

That waffling ended for many in June, when Trump announced he’d been victimized by Gonzalo Curiel, the federal judge overseeing a lawsuit against Trump University—because “he’s a Mexican.” (Judge Curiel was born in Indiana.) For those with Hillary, this moment was decisive. “Donald Trump Finally Admits His Campaign Is Racist,” declared the Huffington Post. “Trump’s Attack on a Federal Judge Is an Open Appeal to Racism,” said Slate. “Trump’s Attack on Judge Curiel Is Clearly Racist,” wrote Newsweek. In an interview the following week, CNN’s Jake Tapper gave cathartic voice to this idea: “If you are saying he can’t do his job because of his race, is that not the definition of racism?” he asked Trump, in what would come to be seen as a kind of Welch-McCarthy moment for the Never Trump movement.

But as Tapper said, it came down to definitions. “No, I don’t think so at all,” Trump said in answer to Tapper’s charge. “He’s proud of his heritage. I respect him for that.” Some commentators agreed: He wasn’t calling Judge Curiel inferior, only saying that he might be biased on account of his ethnicity. Brown University economist Glenn Loury pointed out that in other contexts, we’re happy to acknowledge that a person’s background can inform her judgment and perspective.

Still, a consensus was emerging, at least among elites, that Trump had indeed crossed the racist line. Even Paul Ryan, now the president-elect’s toadie on the Hill, went after Trump in June, calling the attack on Curiel the “textbook definition of a racist comment.”

Ryan’s choice of phrase was revealing. In defining racism, he did not cite the dictionary. That’s where one would expect to find the most common understanding of the word. But Trump’s attack on Curiel does not fit so neatly into, say, the first definition that you’d find on Dictionary.com: “the doctrine that one’s own racial group is superior or that a particular racial group is inferior to the others.” Instead, Ryan appealed to the textbook meaning of racism, which is to say, the one that derives from academic expertise.

When racism first came to be examined as a social problem, starting in the 1920s, the term referred to something plain to see: an explicit ideology of domination, as expressed by individuals. By the 1960s, though, this old-school, overt racism seemed in decline and the term was broadened to include more subtle agents of discrimination, exploitation, and inequality. Entire institutions could be racist, and systems could be racist, separate from the people who composed them.

In the past few decades, scholars have stretched the boundaries of the term even further. Now we understand that people, too, can be racist in subtle, systematic ways. Even if you disavow white supremacy, you might still be subject to its influence, as well as the unintentional form of racial prejudice that social scientists call “implicit bias.” You and I are racist, essentially, in ways we’re not consciously aware of.

The broader definition of racism as something systemic or implicit has flourished on the left and in academia. That’s for good reason: It allows us to talk about the nation’s most important social problems—police shootings, for example—in the most impassioned moral terms without labeling specific people as evil or malicious. (Maybe cops mean well, as a rule, but like the rest of us they suffer from implicit bias.) This more nuanced understanding of racism calls attention to persistent racial injustice while at the same time framing it in broader, more communal terms. It calls out the problem and invites solutions.

But textbook racism, however useful it might be as rhetoric, comes into conflict with the more old-fashioned dictionary definition of the word. Last year, social scientist Patrick Forscher reviewed the most-cited studies on prejudice from the past quarter-century and found that almost every single one of them treats bias as something implicit and unconscious rather than malicious and intentional. This puts the literature at odds with a public understanding of prejudice as the product of malicious feelings, the source of hate crimes, and an ingredient of classic racist ideology. “The gap between common and researcher understandings of ‘prejudice,’ ” Forscher wrote, “can create problems when researchers attempt to communicate their findings to the public.”

That’s exactly what happened in the 2016 election. Journalists and even politicians like Paul Ryan examined Donald Trump and announced he was a racist. But millions of Americans looked at the same facts and came to a different conclusion. He was not a racist, at least as they understood the term.

The breakdown of communication was never more apparent than during the first debate, when Lester Holt asked the candidates how they might improve race relations. Trump gave his standard, crude response, proposing greater use of stop-and-frisk policing and more policing overall. “We have to protect our inner cities,” he said.

Then Clinton went to her textbook definition: “We’ve got to address the systemic racism in our criminal justice system,” she said. “I think implicit bias is a problem for everyone, not just police.” Systemic racism and implicit bias: On Twitter, racial justice activists rejoiced. Finally, she said the words out loud! But how many people truly understood what she was saying?

A few weeks later, the Washington Post published a video in which Trump confessed to habitual sexual assault, boasting to Access Hollywood’s Billy Bush that he routinely grabs and kisses women against their will. Soon, numerous women had accused him of engaging in exactly this behavior. This, again, was deemed an automatic disqualification: Trump had shown himself to be a misogynist—a sexual predator, even. Surely he was finished. How could any woman vote for him?

But polling soon revealed that lots of women were unmoved by these revelations. More than half of non-college-educated white women agreed that “grab them by the pussy” should be understood as harmless “locker room talk” rather than threatening hate speech. How could that be possible?

Back in 2009, Yale University’s Dan Kahan ran a study of a notable date-rape case from 1988, in which the woman—a college sophomore—had repeatedly said “no” during a sexual encounter. For his experiment, he gave the facts of the case to 1,500 people along with one of five different legal definitions of sexual assault (including a “no means no” condition), and then asked them whether they believed the defendant should have been convicted of a crime. In the end, he found the legal definitions made less of a difference to the subjects than their cultural backgrounds. Women, in particular, were the most sharply divided in their understanding of the case, according to their identities as either egalitarian (more likely to be liberal) or hierarchical (more likely to be conservative).

Whatever the explanation for this result—Kahan’s is rather subtle—it shows that fundamental disagreements over the meaning of rape can persist even in the face of explicit legal standards, and especially among the class of people who are most directly affected by the crime. It follows, then, that women would not respond to the Access Hollywood revelations in unison, as a clear example of a candidate who crossed a line. Rather, voters would draw on different definitions of misogyny so they could make different judgments of the facts.

This is the lesson of the racist, misogynist candidacy of Donald Trump. We thought these labels, once applied, would stop him in his tracks—that if we could only “prove” that Trump was racist and sexist, we’d reach some common ground of moral decency, and all but the most extreme Trump supporters would have to back away from him. In the end, though, we misunderstood the vagueness of those terms. Labeling Trump didn’t work, because there is no common ground in America when it comes to what those labels mean. No matter what Trump said about women or Muslims or black people, millions of Americans will never see him as a racist and misogynist. That’s not about to change.


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Why Trump Might Not Block the AT&T-Time Warner Merger, After All Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=26886"><span class="small">Brian Fung, The Washington Post</span></a>   
Sunday, 13 November 2016 14:25

Fung writes: "Despite his campaign vows to block the deal, President-elect Donald Trump could be forced to take a friendlier stance on AT&T's $85 billion acquisition of Time Warner than he initially laid out, analysts say - potentially disappointing supporters who were hoping for a big showdown with the company."

The cover of 'TrumpNation: The Art of Being the Donald' by Timothy O'Brien. (photo: Warner Books)
The cover of 'TrumpNation: The Art of Being the Donald' by Timothy O'Brien. (photo: Warner Books)


Why Trump Might Not Block the AT&T-Time Warner Merger, After All

By Brian Fung, The Washington Post

13 November 16

 

espite his campaign vows to block the deal, President-elect Donald Trump could be forced to take a friendlier stance on AT&T's $85 billion acquisition of Time Warner than he initially laid out, analysts say — potentially disappointing supporters who were hoping for a big showdown with the company.

Regulators at the Justice Department are likely to examine the proposed deal closely no matter what happens. But a constellation of factors, from the makeup of Trump's transition team to the mundane details of antitrust law, may make it difficult for Trump to oppose the tie-up once he is in office. As a result, one of the earliest decisions to occur on Trump's watch may be the regulators' approval of the massive acquisition.

Trump blasted the merger at a campaign rally in Pennsylvania last month. “As an example of the power structure I'm fighting,” he said, “AT&T is buying Time Warner and thus CNN, a deal we will not approve in my administration because it's too much concentration of power in the hands of too few.”

Trump's critique of media consolidation is stoked by fears that the trend may suppress conservative voices. Trump has clashed repeatedly with CNN over its coverage of him, at one point calling the channel “an arm of the Clinton campaign.” He derided a CNN documentary about himself as a “total waste of time” and “a joke.” But by highlighting CNN — which is owned by Time Warner — as a reason to oppose the AT&T deal, Trump risks revealing a personal grudge against CNN's coverage that will not help his administration make an antitrust case, economists say.

“Personal vendettas can't be the basis that you take a case to court,” said Hal Singer, an economist and senior fellow at the George Washington Institute for Public Policy.

Trump has targeted other media companies, as well. On the campaign trail, Trump accused Comcast-NBCUniversal of “trying to poison the mind of the American voter,” adding that he believes the two companies should never have been allowed to combine. He has also said that Jeffrey P. Bezos, Amazon's chief executive and owner of The Washington Post, faces “a huge antitrust problem,” complaining of The Post's critical coverage and accusing Bezos of using the newspaper to benefit Amazon politically in Washington.

Antitrust experts say these objections do not constitute a compelling antitrust case. To challenge AT&T-Time Warner, regulators would need to demonstrate that the transaction poses significant harms to the economy and to competition.

But Trump advisers charged with handling tech policy may not view the AT&T deal in a negative light — highlighting tensions to come between an outsider candidate and the countless insiders who would likely staff the majority of Trump's administration.

“A lot of these jobs are going to go to establishment Republican types who, ironically, are probably going to just be a continuation of everything he's railed against,” said one tech industry official, who spoke on the condition of anonymity to speak more freely.

One of Trump's earliest hires on tech, Jeffrey Eisenach, is a visiting scholar at the American Enterprise Institute, an elite Republican think tank in Washington. Eisenach's role on Trump's transition team gives him notable sway over the future of the administration's tech policies. The economic researcher's previous clients include the country's largest wireless carrier, Verizon, among others.

Analysts say he has spoken approvingly of big mergers in the past. Eisenach “has been supportive of all the deals in the last few years, including the AT&T/[T-Mobile] and Comcast/Time Warner Cable deals,” according to a recent investor note from the analyst firm New Street Research.

That could suggest Eisenach takes a similar view of the AT&T deal, though Eisenach did not immediately respond to a request for comment.

“Either there's going to be mass tension within his team, or he's going to sit back and let the [establishment conservatives] have their way — in which case, all of his campaign rhetoric on blowing up Comcast and AT&T was just cheap talk,” said Singer.

Analysts say AT&T was likely caught off-guard by Trump's victory. “They made a calculated bet with the Hillary administration — this is not what they expected,” said Frank Louthan, an industry analyst at Raymond James. “They may still prevail, but that was a shock.”

AT&T has said it stands ready to work with the incoming Trump administration and that their priorities appear aligned. “We really look forward to working with President-elect Trump and his transition team,” AT&T chief financial officer John Stephens said at an investor conference Wednesday. “His policies and his discussions about infrastructure investment, economic development and American innovation all fit right in with AT&T's goals.”


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Why the Media Must Make Climate Change a Vital Issue for President Trump Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=20421"><span class="small">Oliver Milman, Guardian UK</span></a>   
Sunday, 13 November 2016 14:23

Milman writes: "The absence of climate change as a leading topic in the election was a failure of the media - and it's now their responsibility to get Americans talking about it."

The Eiffel Tower is illuminated in green with the words 'Paris agreement is done,' to celebrate the Paris climate change agreement. (photo: Jacky Naegelen/Reuters)
The Eiffel Tower is illuminated in green with the words 'Paris agreement is done,' to celebrate the Paris climate change agreement. (photo: Jacky Naegelen/Reuters)


Why the Media Must Make Climate Change a Vital Issue for President Trump

By Oliver Milman, Guardian UK

13 November 16

 

The absence of climate change as a leading topic in the election was a failure of the media – and it’s now their responsibility to get Americans talking about it

magine the world was facing upheaval on a scale not seen during modern civilization, a change that would imperil the world’s great cities by the rising seas and snuff out species at at the fastest rate since the dinosaurs disappeared. Then imagine you were a journalist, had repeated chances to ask the next president of the United States about this and decided to not do so.

The apparent failure of the media during the presidential election has been multifaceted and fiercely debated. But the absence of climate change as a leading topic in the election of Donald Trump is perhaps the single greatest rebuke to the idea that power should be held to account for the benefit of this and future generations.

This failure was most apparent during the presidential debates, where four-and-a-half hours of television saw not one moderator question pitched to Trump or Hillary Clinton on climate change. It was left to Ken Bone, he of the red sweater and brief internet fame, to come closest with a question about coal mining.

The mind-boggling consequences of unchecked climate change, which is essentially what Trump proposes by denying the problem exists, dwarfed every other issue – yes, including emails – discussed during the debates. And yet it wasn’t raised. It was the equivalent of getting an exclusive interview with Churchill and Roosevelt in 1942 and not asking them about the war.

Climate change was also missing in broader coverage of the election, especially on cable TV, where slow-moving scientific emergencies don’t make good fodder for breathless horse-race journalism. The public were periodically warned that the seas are eating away America’s east coast and that no it’s not just you, it really is warm this year, but climate change was treated as a side issue rather than being central to every economic, energy and foreign policy question the country is grappling with.

Kerry Emanuel, a leading climate scientist, said: “This is the great issue of our time and we are skirting around it. I’m just baffled by it.”

To be fair, many Americans also skirt around climate change too, even if they are concerned about it. Nearly two-thirds of Americans say that climate change is at least somewhat important to them personally, according to the Yale Program on Climate Communication, although few people talk about the issue with family or friends.

Americans are broadly in favor of developing clean sources of energy but there’s a clear political divide about how to approach climate change. Polling by the Pew Research Center shows half of Clinton’s supporters cared about climate change a great deal, compared with 15% of Trump supporters.

Maybe now that the reality of the next four years of president Trump is sinking in, a more considered view of the problems America faces will take hold. Maybe people will realize it’s important that we’ve left it to the very last minute to cut greenhouse gas emissions and that failure to do this will probably risk their property, prosperity and national security.

Maybe the spread of disease and the rising seas will be grasped as something to be urgently remedied before tropical mosquitos advance further and south Florida is inundated.

There is much detail to work out, both on the impacts of climate change and how Trump’s policies will influence them. The president-elect has promised to withdraw the US from the Paris climate deal, to scrap the Clean Power Plan, slash funding for renewable energy and somehow attempt to reboot the ailing coal industry.

How far he will go with this agenda, and indeed how invested he personally is in it beyond outlandish tweeted conspiracies, is still unclear. Exiting the Paris accord will require a three-year notice period but as the agreement is non-binding beyond its over-arching goal of avoiding dangerous global warming, Trump could simply drop any attempt to cut emissions and sit it out as other countries try to suppress their panic as to what to do now that the US isn’t a climate leader anymore.

Trump wants to accelerate domestic oil, coal and gas production to achieve “complete American energy independence” but this goal is contradictory and barely feasible given the unfavorable economics facing coal and oil in particular.

The new president also wants to roll back the Environmental Protection Agency while having “crystal clear” water and clean air. He has spoken admiringly of America’s natural beauty but has surrounded himself with fossil fuel billionaires and lobbyists who want to split open public lands for their enrichment. Republicans largely support this stance but at the same time they don’t want a public enraged by degraded national parks or another Flint water crisis, for example.

Untangling these contradictions and what they mean for the US, and the planet, will arguably form the most important legacy left by a Trump presidency. It’s up to the media to start helping do this.


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