This week we talk about meme stocks, sports betting, and bubbles. 
We also discuss addictive apps, the Super Bowl, and speculative hype cycles. 
Show notes / transcript: https://letsknowthings.com/episode301 

This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe

Speculation

A calm, non-shouty, non-polemical, weekly news analysis podcast for folks of all stripes and leanings who want to know more about what's happening in the world around them. Hosted by analytic journalist Colin Wright since 2016. 

letsknowthings.substack.com

News

News Commentary

Google AI Overviews

This week we talk about secret documents, hush-money payouts, and federal court cases. We also discuss polling, independents, and post-presidential felonies. Recommended Book: The Final Empire by Brandon Sanderson Transcript It's a weird time in American politics for many reasons, including but not limited to the increasing polarization of the two main parties, the difficulty in finding bipartisan opportunities to work together, the concomitant tendency for Congress, and lawmakers at other levels of governance to not get much done, and the heightening tension between federal and state-level governments on an array of hot-button issues. But one of the more bizarre ongoing narratives within this larger, stasis-inducing state of affairs, is the tale of former President Donald Trump and the legal woes he's faced since losing the 2020 election to now President Biden. Trump has denied, and continues to deny the outcome of that election, attributing his loss to all sorts of things, like corruption and fraud on the part of his political enemies, and in part because of things he's done in support of those, at this point evidence-less, allegations, a portfolio of legal intrigue has haunted him, even throughout his time in office, but especially since he left office in January of 2021. A lot of print and digital ink has been spilled on this subject, of late, because of the outcome of one of the legal cases in which Trump has been enmeshed: he was found guilty in New York on 34 counts of falsifying business records in order to cover up a payment he made to an adult film star, allegedly to keep her quiet about an affair they had back in the day. And that's the main topic I'd like to delve into on this episode, as the implications of that juried court ruling are many and varied, but to kick things off, I think it's worth taking a look at the state of those other ongoing cases, as while they're less immediately relevant to Trump and his ambitions to retake the White House in November's election, they're still pursuing him, in a way, serving as unknown variables that could pop up to bite him at some future moment, which is important when we're talking about someone who wants to become the most powerful person on the planet, once more. One such case is focused on Trump's handling of classified documents when he left the White House, the allegations being that he took classified documents that we wasn't supposed to take, handled them in such a way that they were stored in public where anyone could steal or read them, and that he may have even shown them to other people on purpose, which is a big no-no. He also allegedly went out of his way to keep government agents from reclaiming those documents after he was asked to return them. This is considered to be kind of a big deal in part because there were hundreds of these sorts of documents that Trump seemed to treat as if they belonged to him, and which he then allegedly conspired with folks in him employ to hide from the agency responsible for keeping such things safe and hidden, which they do because these sorts of documents often contain information about US military and intelligence matters—so that information getting out could conceivably put such assets, people and infrastructure, at risk. Trump was indicted on this matter in mid-2023 and charged with 37 felony counts, then another 3 were added that same year, bringing the total up to 40. Trump pleaded not guilty to all of these charges and his legal team has done all they can to slow the proceedings, which seems to have worked, as the case is now delayed indefinitely, the judge overseeing it—who was appointed to her position by Trump while he was in office—having been accused of slow-walking the process on purpose, though that's not really something that can be proven, and there's a chance the case is just complex enough that, as a fairly green judge attempting to tackle a big, important, complex case, she just fell behind and that stumbling is now in the spotlight and being reframed by folks who want to see this thing move forward, faster. Trump also faces a case in Georgia that focuses on his alleged efforts to interfere with the 2020 Presidential election, which, again, he lost to Biden, but which he claims he won; he also claims he was the victim of some sort of conspiracy, the nature of that supposed conspiracy having changed several times since he initially made that claim. Trump and 18 of his allies were indicted in August of 2023 for these efforts, which have been framed as an attempt to subvert election results in the state of Georgia, and similar delay tactics have been used in this case as in the other ones, though the District Attorney in charge of the case has made those efforts somewhat easier, having engaged in a relationship with the lead prosecutor, who she hired, which is arguably not relevant to the case, but is also a fairly overt conflict of interest. The timeline of this case has thus been pushed back, and an appeals court in the state is reviewing a ruling that allowed that DA to remain on the case, despite that apparent conflict of interest. This case was meant to go to trial beginning on August 5, but that timing is now in question, and during all this deliberation, several counts against Trump have been dismissed—and he has pleaded not guilty to all of them. And finally, there's another case related to Trump's alleged interference with the 2020 election, this one a federal case, while the other one is local to Georgia, and for this one, Trump was charged with conspiracy to defraud the US, conspiracy to obstruct an official proceeding—the election and the peaceful changing of the government, basically—conspiracy against rights, and obstruction of and attempt to obstruct an official proceeding—again, referring to the election and the mechanisms of handing over power from one administration to the next following an election. The basis of these allegations are that Trump and his people did all sorts of things to disrupt the 2020 election, including trying to coerce lawmakers into backing his efforts to remain in power, despite the election not having gone his way. These efforts culminated with the attack on the US Capitol on January 6 by his supporters, and the case is predicated on the idea that while Trump was repeatedly told by his own people, experts on elections and everything about them, that he lost, fair and square, he continued to insist that he was robbed, that the election was rigged, etc, and that meant while he knew the election was not rigged, he acted as if he didn't, which means he tried to illegally and intentionally mess with a core component of the US democratic system, which is very much not allowed. Some of Trump's people were also indicted in this case, he was indicted on four counts, himself, and the case is currently on hold while the Supreme Court makes a determination about whether his position as President at the time gives him full or partial immunity to legal consequences for actions he takes while serving in that role: the idea being that maybe simply being president should give him some leeway, and maybe, if it could be argued that he did what he did because he genuinely thought something was amiss with the election process, that would count as his acting as president for the good of the country, and that would make him immune to legal consequences for doing what he did. Oral arguments before the Supreme Court in this case took place at the end of April 2024, and while we don't have a surefire timeline for a ruling in this case, it's expected that it will take long enough that the main, federal case that is waiting on the Supreme Court's judgement won't even begin, much less end, before the November election—at which point, some experts expect, at least, if Trump wins, even courts finding him guilty won't matter because the federal stuff he could brush away using the powers of the President, and the state stuff won't have the means to punish him, because he'll control enough levers of power that it wouldn't be a fight they could win. As I mentioned earlier, though, what I'd like to talk about today is the only court case Trump has been involved with since his Presidency that has thus far come to a close, and what his being found guilty in that case might mean. — Back in October of 2016, a recording of then-Presidential candidate Trump, in which Trump was heard telling the host of a show called Access Hollywood that if you're famous, you can get away with grabbing women's genitals without permission, was released to the public. This was after he became the Republican party's official nominee in July of that year, and a few months before that recording was released, American Media Inc, the company behind the National Enquirer, made a deal with an adult film star who performed under the name Stormy Daniels to buy her story about an affair with Trump years earlier, agreeing to pay her $150,000, to feature her on a couple of magazine covers, and to publish 100 articles written by her in their publications. This payout was part of a so-called "catch and kill" deal that AMI's CEO, David Pecker, made with the Trump campaign, to basically keep its ear to the ground for any bad news that might pop up and make the candidate or campaign look bad, and then to step in and buy the rights to such stories if possible, killing them, keeping them from going public, basically, because they would own the rights and then not do anything with them, keeping them from messing with Trump's campaign. Trump's fixer, Michael Cohen, then arranged to buy the affair story from AMI for $130,000, a deal which included a non-disclosure agreement on Daniels' part, so she wouldn't be able to tell the story to anyone else, legally, but then in November of that same year, 2016, The Wall Street Journal received a tip that helped them uncover elements of that deal and the alleged affair, and that in turn led to a slow drip of new divulgences that trailed Trump through his presidency, though mostly at a low level. Cohen then tried to get reimbursed for paying out of pocket to buy the story from AMI, and the compensation for that purchase was put in the books as a series of retainer fees; intentionally mis-recorded in order to conceal the hush-money payout in official business documents—the payout having been legal, but concealing such a payout in this way being illegal. In 2018 the Journal was able to publicly report the details of Cohen's payout to Daniels, and in April of that year, Federal agents raided Cohen's office and hotel room, which netted them documents that proved he made those payments, and that they differed from those aforementioned official business records. Everyone involved was denying any of this happened and any connection to any kind of payout for a long time, then, but in 2018 those same people started to change their stories, basically saying, yeah, there was some kind of deal, but it wasn't a big thing, don't worry about it, nothing illegal happened. And during this period Cohen pled guilty to campaign-finance violations and other related charges for making these hush-money payments, and he testified against Trump, saying that the then-president told him to do it. Cohen was sentenced to three years in prison, Trump wasn't charged with anything, and these two formerly close-knit people become very publicly at odds following all of this. In August of 2019, about a year after that public breakup in the relationship between Trump and Cohen, the Trump organization was served a grand jury subpoena, as the government wanted more paperwork related to these seeming violations, and then all of this kind of disappeared from the public radar until after the election, which Trump lost to Biden in 2020. In 2021, though, a new district attorney stepped into the role in Manhattan, Alvin Bragg, he inherited this still ongoing, but somewhat simmering at that point case from his predecessor.  In January of 2023, he brought in a new grand jury to hear the evidence that had been collected on the matter, and that grand jury indicted Trump for falsifying the records his company kept related to these payments—the idea being that not only did he do an illegal business thing, but he did an illegal business thing in order to influence an election, because those payments were meant to keep an embarrassing thing that might keep him from becoming president from being publicly known. The trial officially began in April of 2024, gobbling up a lot of presidential candidate Trump's time, as he had to be in the courtroom most Mondays, Tuesdays, Thursdays, and Fridays, for the duration, which kept him from being as active on the campaign trail as he might have otherwise been. And throughout, Trump was issued gag orders to keep him from publicly attacking witnesses, jurors, court staff, and other people involved in the trial, which was something he seemed fond of doing: the concern was that he would smear those involved in order to keep them silent or to sway them to his side, or that Trump's followers might be motivated to do violence against these people, as seems to have been the case on January 6. Trump violated that gag order ten times, at which point the judge in the case said he would consider jail time as a punishment, since the relatively minors fines for these violations didn't seem to be having the intended effect, keeping Trump from badmouthing those involved in the press and online, when not in the courtroom. Then, on May 30, 2024, Trump became the first former US President to be convicted of a felony—and he was actually convicted of 34 of them—when the jury decided he was guilty of all the charges that were brought against him in this case. Trump says the case was rigged and that there's a conspiracy by his enemies that made all this happen. The Judge set July 11 as the sentencing date, so that's when we'll find out what the punishment will be—and that punishment could add up to as much as a couple of years in prison, but likely, because of all sorts of variables favorable to Trump, he'll only face a fine, or probation at worst, which would be embarrassing but not terribly impactful on his reelection efforts. After that, Trump will have 30 days to file an appeal, which he has said he will do, and once that's filed the case will move on to the New York Appellate Division, which will decide on the matter, and after that, the New York Court of Appeals can decide if it wants to get involved, to hear an appeal, as well. The Supreme Court could theoretically also get involved here, but they would need to find some aspect of the appeal that relates to federal law, or directly connects to the Constitution, and most experts have said, at this point at least, that seems unlikely. Because of how much time the appeal process typically takes, it's also considered unlikely that this will be sorted out before November, which lines up nicely with the approach Trump's team has been taking overall, to draw things out as long as possible in order to keep any definitive conclusions from arriving before votes are cast. So while appeals on cases like this one seldom result in an overturning of the verdict, that might be moot if Trump wins the election before the appeals process finishes up; though the flip-side of that is while he can claim the case is still being appealed potentially for years while it works its way through the system, it also means he's officially a felon until that happens, which means he'll almost certainly still be a felon, in the eyes of the law, when the votes are cast—though he'll still be able to vote in the election because of how Florida law works, in regard to convicts be allowed to voted, the case having been in New York, not in-state. That said, this conviction landed like a bomb in the political world, with conservative news outlets generally aligning themselves with Trump's claim that this was a baseless case brought by liberal leaders, meant to keep him from winning another election—though new polling data indicates that independents, which are considered to be vital for November's election, are not super thrilled about this outcome, 49% of them saying they think Trump should drop out of the race now that he's been convicted, and 15% of Republicans apparently said the same. The race is still largely tied up between Trump and Biden, though, and it'll be a while before we see any solid numbers about the impact of this case on possible votes come November; it may be significant enough to make a difference, and it may be a flash in the pan sort of thing. It's hard to tell which way it'll go at this point, and we don't have historical baselines for this, because this is the first time this has happened. There are concerns that Trump supporters might be nudged toward violent acts in the wake of this decision, and research from extremist watchdog groups have warned that some of them have already been attempting to dox, to get personal information, including addresses and family information, about the jurors and legal staff in the case, some of them calling for harassment campaigns and violence against them as revenge for finding as they did, against Trump, and there's also data indicating that trust of government institutions on the US right, amongst Republicans, might diminish even further than it already has, which doesn't tend to be great for democracy and stability in countries where that happens. President Biden administration initially remained mum on this topic, though he eventually said the justice system worked, that it applies to everyone, and that the only way to keep Trump out of office again, because he can continue to run and even win as a convict, even if he were to be put in jail, is to vote against him; and Trump said basically the same thing in reverse, that the only way to right this wrong is to elect him in November—and his campaign has said they pulled in tens of millions of dollars in campaign contributions in the hours following the this conviction. While this is being seen as a small victory in some circles and a massive injustice in others, then, the main takeaway, at the moment at least, as of the day I'm recording this, is that the election in November is the only really truly vital decision here, the wheels of justice moving very slowly and strangely, and not lining up terribly well with the time-constraints inherent in this sort of situation. Show Notes https://apnews.com/article/trump-trial-deliberations-jury-testimony-verdict-85558c6d08efb434d05b694364470aa0 https://www.washingtonpost.com/politics/2024/05/30/trump-guilty-what-happens-next/ https://www.readtangle.com/trump-verdict-hush-money-trial/ https://www.wsj.com/politics/policy/trump-hush-money-stormy-daniels-707fa959 https://www.cnbc.com/2024/05/31/trump-campaign-donations-record.html https://www.politico.com/news/magazine/2024/05/31/trump-trial-verdict-conviction-consequences-00160933 https://www.axios.com/2024/05/31/trump-appeal-guilty-verdict-arguments https://www.axios.com/2024/06/01/poll-trump-conviction-election-independent-voters https://www.nytimes.com/2024/06/01/nyregion/trump-appeal-conviction.html https://www.cnn.com/2024/05/06/politics/merchan-trump-gag-order-contempt/index.html https://www.nytimes.com/2024/06/02/us/politics/trump-cases-status.html https://www.axios.com/2024/05/08/trump-trials-update-hush-money-criminal-cases https://www.axios.com/2023/06/09/trump-indictment-unsealed-charges  

This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe

Trump's Conviction

This week we talk about the Tories, Labour, and the UK Parliament. We also discuss the House of Commons, the House of Lords, and Rishi Sunak’s gamble. Recommended Book: Like, Literally, Dude by Valerie Fridland Transcript The government of the United Kingdom is a constitutional monarchy led by a Prime Minister and their cabinet, the Prime Minister attaining their position through the primacy of their party in the country's key legislation-passing body, its Parliament. So the Prime Minister runs day-to-day operations in the country, they are technically appointed by the monarch, who is currently Charles III, as of 2022, though that appointment is generally determined by other factors, like who has the most support within Parliament—the most seats held by their party, and in many cases seats held by allies and allies of convenience, as well; when this happens, the resulting government is called a coalition government, because while the Prime Minister is from one party, usually the one with the most seated MPs, Members of Parliament, they're only able to govern because they have one or more other parties working with them as part of a coalition. Now, the UK government has two houses in its Parliament, the House of Commons and the House of Lords, and the names of these houses tell you a lot about them: the House of Lords consists of folks who have been granted Lordships by government higher-ups, alongside those who have inherited Lordships from their parents, but it also includes experts in various fields who have been granted that status by the Prime Minister—economists, for instance. The House of Commons, in contrast, is voted upon by the people, so when there are Parliamentary elections in the UK, that's what we're talking about, votes for MPs who represent a region, a parliamentary constituency—of which there are 650 across the UK's constituent countries, England, Scotland, Wales, and North Ireland. Within the UK, political parties have to be officially registered to participate in governance and votes, though folks who want to run solo can register as independent or label-less candidates for voting purposes. As of late-May 2024, there were 393 officially registered political parties in the UK, though only 13 of them currently have representatives in the House of Commons, and only four of those have more than 10 seated representatives—the Conservative and Unionist Party, often called the Tories or Conservatives, the Labour Party, which is the main center-left party in the UK, the Scottish National Party, which is also generally center-left, but tends to be focused on Scottish politics and priorities, and the Liberal Democrats, who are generally seen as a sort of blend of the Tories and Labour. General elections, during which MPs are voted upon, are held every five years or so, but elections can also be held sooner if the current Prime Minister asks the monarch to dissolve parliament, which in practice means the Prime Minister is calling for a general election, generally scheduled for a specific date in the future, usually because the House of Commons has lost faith in the current government, which makes passing law and overall getting things done difficult; they don't have enough votes to pass anything, basically, though in some cases it's because of more general political circumstances that indicate calling for an election, now, might be better than holding an election sometime later in the future. That latter case seems to be the impetus for what I'd like to talk about today, which is the recently called and now upcoming UK general election, and the state of political play in this, one of the world's wealthiest and most influential countries. — On May 22, UK Prime Minister Rishi Sunak announced that he was calling for a snap election on July 4 of this year, just a half-dozen weeks in the future, surprising many analysts who expected he would wait as long as possible before committing to a date. That expectation was predicated on the reality of how Sunak's party, the Tories, have been doing in the polls in recent years; pretty abysmally. Labour has been crushing the Conservatives in these polls, of late; the Tories have been in power since 2010, which means purely by virtue of having been governing that long, a lot of people will tend to blame them for a lot of things, their party having been in charge all that time, but they also catalyzed and oversaw the secession of the UK from the European Union, which is a move that was initially pushed by many on the further right wing of the party, but the populist nature of the movement eventually claimed the majority of Tory politicians who changed their vote to support it, rewiring politics in the UK, similar to how former President Trump rewired the Republican Party in the US—a lot of power changing hands, a lot of previously top people being elbowed aside or pushed into retirement, a lot of new policies ascending to the front-burner, while previous priorities were relegated to the back-burner. Not quite a decade after the referendum that led to the passage of Brexit, back in mid-2016, polls from from this month, May of 2024, show that 55% of British people think leaving the EU was the wrong choice, while only 31% think it was a smart move. So while some of the tarnishing of the Tory party's reputation is likely the result of simply having been in power for a long time, and during some really unusual global happenings, like COVID and the invasion of Ukraine by Russia, some of it is directly attributable to specific things they've done which turned out not to be very popular, once implemented. Many of the non-Brexit complaints the majority of British citizens have about how the Tories have governed are related to their austerity policies—the idea that they need to shrink the government and its spending as much as possible, because that will, according to their theories, at least, make the country wealthier, more efficient, and more secure. This has led to dramatic cutbacks on incredibly popular programs and agencies focused on or related to health, housing, and education, alongside the bankrupting of civil services, the privatization of previously public assets like highways and waste systems, and the concomitant spending—while claiming there's not enough money for healthcare and public services—on pet projects for Conservative lawmakers and their constituents, many of which ended up being money pits. All parties in all countries are of course periodically staggered by scandals, spending-related and otherwise, but over their long period in control, the Tories have racked up a huge number and a large variety of scandals, and some of them led to very public embarrassments for the party, including the Tories' seeming inability to keep a Prime Minister in office following the Brexit referendum, then-PM David Cameron making way for Theresa May, who handed things over to Boris Johnson, who was ousted and replaced by Liz Truss, who was Prime Minister for a record-setting 49 days before resigning and being replaced by current PM Rishi Sunak. That's five prime ministers in the six years between 2016 and 2022, all of them from the same party, that party seemingly unable to govern with enough popularity to maintain the confidence of parliament. So the situation right now, following all that, is that Labour has a 17-point lead over the Conservatives and is, and has been for a while, broadly expected to wipe the floor with the Tories in the next election; and a few minor elections leading up to this point seem to support that assumption. This is why Sunak was expected to delay scheduling the next election as long as possible, because as soon as that election is held, his party is expected to be pushed out of power, and that expectation is leading to an exodus amongst Tory lawmakers, 121 of them stepping down instead of running for reelection as of late-May, surpassing a similar wave of quitting in 1997, when 117 of them declined to run again, leading up to a landslide victory for the Labour Party and their popular leader, Tony Blair. This isn't an unusual phenomenon: being part of the government is very different from being part of the opposition party, and back in 2010, after Labour had been in control for 13 years, and was expecting to lose in the next election, 149 politicians decided to step down rather than running again—100 of them Labour MPs, and 35 of them Conservatives; that later group ostensibly because while the Tories won, they didn't take a majority, and had to form a coalition with the Liberal Democrats, which is also a very different situation from being in a government that has complete control, rather than shared control; some MPs just don't want to deal with that kind of negotiated leadership. Sunak's reasoning here, then, might be that while things are bad for his party now, they could get even worse if he waits to hold an election; so it's better to act at a moment in which some economic numbers are actually starting to look a little bit better, after a long period of the opposite, and at a moment in which announcing an election would catch his Labour opposition off-guard, possibly providing his party the benefit of surprise and better preparation. This announcement has led to a scramble, though, for all UK parties, seemingly, to try to get some actual governing done—work they thought they'd have several more weeks to finish up, at least, before going into full campaign-mode, suddenly needing to be accomplished yesterday. That's meant a lot of important legislation has been dropped or permanently back-burnered, including some of the policies, like a smoking ban, an end-to no-fault evictions, and a plan that would allow the government to ship asylum-seekers to Rwanda, which Sunak had wanted to serve as fundamental elements of his prime ministerial legacy—those have now been completely dropped. This has led to a situation in which the Tories seem to be scrambling to put new ideas out into the ether—future-facing stuff to replace all the things they had to drop or backtrack on—hoping that something they propose in this way appeals broadly enough to earn them the votes they require to hold their own in the upcoming election; to maybe still lose, but not as much, and in such a way that they're in a good spot when the next election is called. One such idea is mandatory national service for 18-year-olds, which would require that folks either serve in the military or volunteer for one weekend a month, beginning on their 18th year—a policy that's reportedly meant to compete with a proposal from Labour leader Keir Starmer, that 16- and 17-year-olds should be able to vote. The degree to which any of these new plans will catch the public imagination is up in the air, though,  as again, a lot of what's happening now, in terms of campaigning, is somewhat half-baked, all involved parties scrambling to prepare for what seems to have been a somewhat last-minute decision on Sunak's part to upend expectations about the timing of the next election in order to attain some kind of advantage for his party, which seems to be entering this round with a losing hand. And all of this is important, of course, if you live in the UK, but it's also important globally, even standing out amongst the many other important elections that are occurring around the world this year, because the UK, even battered and bruised in the aftermath of Brexit and a COVID crisis that it weathered somewhat less-well than its world-leading peers, is still an incredibly powerful, influential, and wealthy entity of global significance. It has the sixth largest economy in the world, after only the US, China, Japan, Germany, and India. It's incredibly powerful geopolitically, out of proportion with its population and military strength, in part because of the role it plays within the Commonwealth, a group of 53 nations that the UK previously ruled, and in part because it has long-lived, tight alliances and relationships with governments and other entities that it's been maintaining for centuries, in some cases. The UK is a nuclear power, and is the seventh largest exporter of arms in the world—though it's especially vital to the global aircraft market, military and non-military. The UK is home to the second-largest financial center in the world, London, and it's culturally very powerful, exporting all sorts of norms and pop culture and creative products; a sort of soft-power that plays a huge role in beliefs, behaviors, and understandings, worldwide. Whomever wins this election, then, and how they win, and to what degree they control Parliament, will have a major impact not just on the UK, but on the world, and at a moment in which there are several major military conflicts ongoing, in which new technologies are simultaneously threatening and enlivening entire industries and economies, and in which the global order that has set the tone and guardrails for the world since WWII is being challenged—all variables the UK may influence in substantial ways, and over which the folks running the UK government will thus have outsized sway. Show Notes https://www.theguardian.com/politics/article/2024/may/23/rishi-sunak-rwanda-smoking-policies-election-conservatives https://en.wikipedia.org/wiki/List_of_prime_ministers_of_the_United_Kingdom https://en.wikipedia.org/wiki/Records_of_prime_ministers_of_the_United_Kingdom https://www.bbc.com/news/articles/c844x1xp05xo https://www.bbc.co.uk/bitesize/guides/zqhvmnb/revision/6 https://www.reuters.com/world/uk/more-uk-conservative-lawmakers-set-quit-than-before-1997-election-defeat-2024-05-24/ https://www.bloomberg.com/news/articles/2024-05-22/labour-finally-has-uk-election-it-craves-but-traps-lie-in-wait https://www.bloomberg.com/opinion/articles/2024-05-23/uk-election-sunak-has-the-weight-of-history-against-him https://wsj.com/world/uk/british-leader-sunak-calls-snap-election-as-his-party-trails-in-polls-e234bdc0 https://www.theguardian.com/politics/article/2024/may/25/how-rishi-sunaks-early-election-backfired-on-pm https://www.independent.co.uk/news/uk/politics/general-election-labour-starmer-sunak-tory-gove-b2551518.html https://www.reuters.com/world/uk/lagging-polls-uk-conservatives-pitch-national-service-18-2024-05-26/ https://www.bbc.com/news/articles/c288xxvrdz7o https://www.bbc.com/news/articles/c2jjvpxxgr5o https://en.wikipedia.org/wiki/Coalition_government https://www.gov.uk/government/how-government-works https://en.wikipedia.org/wiki/Government_of_the_United_Kingdom https://search.electoralcommission.org.uk/Search/Registrations?currentPage=1&rows;=10&sort;=RegulatedEntityName&order;=asc&et;=pp&et;=ppm®ister=gb®ister=ni®ister=none®Status=registered https://en.wikipedia.org/wiki/List_of_political_parties_in_the_United_Kingdom 

This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe

UK General Election 2024

Gaza Conflict Update

This week we talk about ENSO, El Niño, and attribution science. We also discuss climate change, natural disasters, and the trade winds. Recommended Book: Titanium Noir by Nick Harkaway Transcript The field of attribution science, sometimes referred to as "extreme event attribution," focuses on figuring out whether and to what degree a particular weather event—especially rare weather disasters—are attributable to climate change. Severe floods and tornadoes and hurricanes all happen from time to time, which is why such events are sometimes referred to as once in a decade or once in a century disasters: the right natural variables align in the right way, and you have a disaster that is rare to the point that it's only likely to happen once every 10 or 100 years, but such rare events still happen, and sometimes more frequently than those numbers would imply; they're not impossible. And they're not necessarily the result of climate change. Folks working in this space, which is a blend of meteorology and the rapidly evolving field of climate science, do their best to figure out what causes what, and how those odds might have been impacted by the shifts we're seeing in global average temperatures in particular, and the knock-on effects of that warming, like shifts in the global water cycle; both of which influence all sorts of other planetary variables. The most common means of achieving this end is to run simulations based on historical climate data and extrapolating those trend-lines forward, allowing for natural variation, but otherwise sticking with the range of normal fluctuations that would have been expected, had we not started to churn so much CO2 and other greenhouse gases into the atmosphere beginning with the industrial revolution. So if we hadn't done the Industrial Revolution the way we did it, what would our global climate and weather systems look like? They have a bunch of models with different assumptions baked into them that they have running, and they can simulate conditions, today, based on those models, and compare them with the reality of how things actually are in the real world, a world in which we did start to burn fossil fuels at a frantic rate, with all the pros and cons of that decision aggregating into our current climactic circumstances. This comparison, between a baseline, non-climate-change-impacted Earth, and what we see happening on real Earth, allows us to gauge the different in likelihoods for various weather systems and increasingly even specific weather events, like massive floods or hurricanes. It also allows us to ascertain what elements of a disaster or system are more or less likely, or the same, compared to that baseline Earth; so maybe we look at a regional heat wave and discover that it was a rare event made more likely by climate change, but that the intensity of the heat wasn't impacted—as was the case with a heat wave in Russia in 2010; climate change made the heat wave more likely, but had such a heat wave occurred, despite its low likelihood, in that non-industrial revolution scenario, the heat would have been roughly the same intensity as it was in real life. Both components of this system, attributing events and patterns to climate change, and confirming that they were not impacted, that they were just run of the mill bad luck, the consequence of natural systems, are arguably important, as while the former provides data for folks wanting to predict future climate change-related outcomes, and provides some degree of ammunition for the argument that climate change is making these sorts of things worse, which helps put a price tag on not moving faster to shift away from fossil fuels, it's also vital that we understand how climate and weather systems work, in general, and that we are able to set proper expectations as to what will change and how, as the atmosphere's composition continues to change, while also understanding what will remain the same, what various regions around the world need to be prepared for in a vacuum, leaving climate change out of it, and how our global weather systems work on a granular level, so that as outside influences like climate change, but not limited to climate change, act upon them, we can make better predictions about how that will adjust or overhaul the practical reality for people and ecosystems impacted by them. What I'd like to talk about today is a natural weather phenomenon that is expected to return soon, and how this phenomenon might change our latent, global weather patterns, for the better, for the worse, and for the neutral, and in turn how it might be changed by the climactic adjustments we're tracking using these simulations. — The El Niño-Southern Oscillation, or ENSO phenomenon, is the monicker we've given to a collection of sea surface temperature and wind variations in the Pacific Ocean that, largely unpredictably, tweak the patterns of these systems from time to time, influenced by and influencing a large number of other, micro- and macro-scale systems around the world. Most directly, ENSO dictates how warm it will be across the tropics and subtropics, El Niño bringing warm waters to the surface of the relevant oceans and the Southern Oscillation referring to air pressure variations spanning the ocean between Tahiti and Darwin, Australia, low pressure tending to occur over warm bodies of water, and higher pressure over colder bodies of water. When the water in this part of the Pacific, the central and east-central equatorial pacific, is warmer, on the surface, that reduces atmospheric pressure thereabouts, which in turn reduces the strength of the Pacific trade winds. That reduction, among other things, decreases rainfall over parts of Australia, India, and Indonesia, while upping the same, while also stoking additional cyclone risk, in the tropical Pacific Ocean. Fundamental to understanding why this is a big deal is understanding that this tweak in water and atmospheric conditions causes low level surface trade winds, which usually blow from east to west, to either stop blowing or barely blow, or in some cases to reverse direction. If you think about how weather patterns form, determining everything from who gets rain and how much, to what temperatures are like in a given area—because those winds pull warm or cold air along with them as they pass over warmer or cooler parts of the planet, like mountains and glaciers, but also deserts and tropical rain forests—it becomes clear why this change-up is such a big deal. There's a neutral phase of this phenomenon that typically occur between warmer and colder phases, and during that neutral phase, we usually see other, similar systems that are interconnected and predicated on still other geographic and atmospheric variables, like the Pacific-North American teleconnection pattern, and the North Atlantic Oscillation, having more of an impact on global weather and water cycle patterns. When this system is in a warmer El Niño state, though, that tends to cause a lot of heat waves throughout tropical regions in particular, while also spiking global surface temperatures for around a year, with all the secondary consequences of suddenly jolting the global thermostat higher: melting glaciers and ice caps, increasing the range of disease-carrying pests, messing with planting seasons; things like that. The opposite side of this coin, La Niña, can also be quite disruptive though, its influence defined by cooler waters rising to the surface in that part of the Pacific, warmer waters headed westward where they have less influence on this component of the world's thermostat and weather machine, and that drop in water temperature in this part of the ocean tends to reset many of the dials that are turned up by El Niño, moderating some of the weather patterns that are amplified by those warmer waters and returning the trade winds to their normal settings, while also reducing global temperatures to what we might think of as their default. But the next La Niña phenomenon—which experts in this space say will likely arrive sometime in the next few months, June or July of 2024, marking a quick transition away from the record-setting El Niño system we've been living through since July of 2023, which has been designated the fourth most extreme in recorded history—this anticipated new La Niña setup will follow a truly intense opposite pattern, which means if it's not strong enough, it may not counteract all of the warming brought about by its precursor El Niño system, which means the next El Niño system could compound upon this outgoing one, in terms of its globe-heating effects. There are also concerns that, because of that strong El Niño, and it arriving at a period of human-caused warming—two forces raising the temperature on the thermostat simultaneously, basically—there's a chance that the moderating force of this La Niña might run up against an insurmountable variable adjustment, even if it is otherwise powerful enough; meaning, this ENSO phenomenon could contribute to a long term, even permanent increase in global temperatures because its warming effects are mirroring another, external warming effect caused by us and our greenhouse gas emissions. We don't know exactly what that would mean in practice and long-term, but it could lead to more. and more extreme versions of what we've seen this past year: namely a surge in weather disasters like extreme droughts and floods and wildfires that never really end; just bigger and bigger surges, combined with higher and higher temperatures. And again, that's possible even if the La Niña pattern that's set to arrive is of a normal, non-weak strength, because of how potent this outgoing El Niño has been, and because its effects may be compounded by climate change. If the new La Niña does prove potent enough to counteract this outgoing El Niño, that may help with short-term temperature changes, but we're then likely to see a substantially more severe hurricane season; which is normally what happens during these periods of change, La Niña conditions making hurricanes more likely, but it could be even more severe than usual because of lingering oceanic heat from the El Niño, which popped temperatures in the Atlantic to 2 degrees Fahrenheit higher than the average temperature from the past three decades—and oceanic heat is what powers hurricanes, informing how big and destructive they can become. Last year's Atlantic Ocean hurricane season was already above-average in terms of the number of hurricanes and their strength because of that heat, but the amalgamation of variable-tweaks inherent in a La Niña transition make hurricanes more likely, whatever the ocean's temperature, so the combination of, likely, more hurricanes, plus far warmer than usual oceanic temperatures, means more, but also potentially a lot more powerful, hurricanes this season. We've been watching these systems and transitions for a while now, and our science related to them—including our ability to predict what they're going to do, and how much—has gotten pretty good over the last few decades. But all of these systems and all of their variables are interconnected, each and every piece touching each and every other piece of the planet's cycles and ecosystems and compositions; so there's a lot we're not tracking, a lot we're not tracking with the resolution we'd need for it to be valuable in this regard, and a lot of entanglements and relationships we're not even aware of, yet. In particular, the impact that climate change is having on these systems, directly and indirectly, is a big question mark in all these computations. Yes, we understand all of this better than a few decades ago, and yes, our simulations and models have gotten pretty solid, and are getting better by the day as we develop better formulae and software, and deploy more fancy satellites and other tracking tools that allow us to keep tabs on the relevant variables in an up-to-the-second manner. But because of how complex all of this is, it's a truly chaotic jumble of systems, and because of how we're scrambling to play catch-up, the world changing around us faster than we're learning about those changes—these sorts of systems are evolving even as we come to understand how they work; so our most up to date information is always a little bit out of date, leaving us prone to new unknowns and larger shifts than we'd anticipated based on our existing data. Human-amplified climate change, then, is fiddling with all the knobs and switches, changing how these phenomena work right before our eyes, and each new system and cycle is part known, part complete surprise because of how even tiny changes can make huge differences when compounded by these spirals and cascades of cause and large-scale, multifaceted effect. In other words, we have a good sense of what we need to be worried about and watching for during this probable upcoming transition, and we maybe have some things to look forward to, alongside a few other things to worry about and prepare for. We'll also be watching to see how much global temperatures come down, as that will tell us to what degree this outgoing El Niño has been tweaking those temperatures, and to what degree climate change is to blame for the disconcerting numbers we've been seeing in this regard. But we'll also be watching to see how everything is being amplified and compounded by all of these interconnected effects, as it may be, still allowing for ups and downs and other variations year to year, that these patterns, and others like them, will lead to wider, broader, more dramatic swings for the foreseeable future because of all those changes, natural and human-caused. Show Notes https://www.reuters.com/business/environment/el-nino-end-by-june-la-nina-seen-second-half-2024-says-us-forecaster-2024-05-09/ https://www.axios.com/2024/05/09/el-nino-la-nina-hurricane-season https://www.vox.com/climate/24145756/la-nina-2024-el-nino-heat-hurricane-record-temperature-pacific https://oceanservice.noaa.gov/facts/ninonina.html https://theconversation.com/la-nina-is-coming-raising-the-chances-of-a-dangerous-atlantic-hurricane-season-an-atmospheric-scientist-explains-this-climate-phenomenon-228595 https://en.wikipedia.org/wiki/El_Ni%C3%B1o%E2%80%93Southern_Oscillation https://en.wikipedia.org/wiki/2020%E2%80%932023_La_Ni%C3%B1a_event https://en.wikipedia.org/wiki/Extreme_event_attribution https://www.usgs.gov/faqs/how-can-climate-change-affect-natural-disasters https://archive.ipcc.ch/publications_and_data/ar4/wg1/en/ch9s9-1-2.html https://crsreports.congress.gov/product/pdf/R/R47583 https://www.scientificamerican.com/article/scientists-can-now-blame-individual-natural-disasters-on-climate-change/ https://www.vox.com/climate/2024/2/28/24085691/atlantic-ocean-warming-climate-change-hurricanes-coral-reefs-bleaching https://en.wikipedia.org/wiki/El_Ni%C3%B1o%E2%80%93Southern_Oscillation https://en.wikipedia.org/wiki/2020%E2%80%932023_La_Ni%C3%B1a_event https://theconversation.com/is-climate-change-to-blame-for-extreme-weather-events-attribution-science-says-yes-for-some-heres-how-it-works-164941 

This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe

Speculation

Download our free app to listen on your phone