Reuters blog archive
from Photographers' Blog:
Igancio, United States
By Lucas Jackson
According to official statistics, around one percent of the United States’ population operates farms or ranches. After eight years of living in New York, I have discovered that the land rights issues that I remember my parents discussing when I was a child in rural New Mexico are all but invisible to the remaining 99 percent.
But ranchers’ land rights became big news recently, through one extreme example. This was the story of Cliven Bundy, a Nevada cattle rancher who stopped paying grazing fees, and whose protest became a catalyst for an armed standoff with Bureau of Land Management rangers in the Nevada desert.
from Full Focus:
It took almost two years to finally get the green light, but Reuters photographer Rick Wilking was given near-total access to Newmont Mining's massive series of open pit and underground gold mines in northeast Nevada – one of the largest open-pit gold mine complexes in the United States. It's an industry few see in-person – and the results are in your jewelry and in almost any electronic device you own.
A lot has changed in the 150 years since miners dug shafts into mountains chasing veins of ore. Today’s gold mines are recovering gold that is sub-microscopic, totally invisible to the naked eye, comparable to smoke particles. The methods they use to mine it involve moving millions of tons of earth and highly complex chemical processes to get it out of that rock.
By Rob Cox
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
As the eagle flies, it's a long way from Bunkerville, Nevada to Slovyansk, Ukraine. Right now, though, the two places have something insidious in common: armed vigilantism. That parallel sadly seems to escape the many American policymakers who have accused President Barack Obama of adopting the logic of appeasement in his dealings with Russian President Vladimir Putin. They're missing a big point. If the United States can't uphold the rule of law at home, it can have no credibility abroad.
from The Great Debate:
The shelf life of heroes isn’t what it used to be.
Once upon a time, a hero would burst upon the scene -- a Charles A. Lindbergh, a Babe Ruth, a Red Grange, an Audie Murphy, a Neil Armstrong -- and he would not only receive reverent acclaim, that acclaim would last for decades. Sometimes forever.
Not anymore. Now we live in a world of false heroes -- people who have done nothing to deserve their heroism save for capturing media attention or satisfying a group of the like-minded. So they come -- and inevitably, they go.
from Photographers' Blog:
By Jim Urquhart
"I've got a clear shot at four of them," the man with a rifle beside me said, as he aimed his weapon in the direction of U.S. Bureau of Land Management (BLM) officers.
We were on a bridge in southern Nevada in the midst of a tense standoff between the BLM and a group of angry ranchers, milita-members and gun-rights activists. It seemed as if we were a hair’s breadth away from Americans killing Americans right in front of me.
from Photographers' Blog:
Black Rock Desert of Nevada
By Jim Bourg
Having been to Burning Man several times now, I went to the 2013 event determined to convey in some new way to people who have never been the intensity, the size and the sometimes overwhelming sensory overload of the experience. It is truly like nothing else on earth and sometimes feels alien and otherworldly.
The size of the event, a temporary city of almost 70,000 people spanning across miles of the Nevada desert, is hard to convey in individual still photos. So is the sensory overload that 24 hour a day music, lasers, flame effects, wild costumes and the intensity of the dusty, sometimes blazingly hot in the day and at other times frigidly cold at night desert environment brings to bear. Some people who have not been before find it too much to take and leave after only a few days never to return. But for tens of thousands of others one of the regular cliches of Burning Man is that it feels like home and they feel more comfortable there than any place else. As people arrive in Black Rock City every single person gets the salutation from volunteer greeters: "Welcome Home!"
Now that three California towns have declared bankruptcy in the past few weeks, the mainstream media is abuzz with headlines of imminent doom for state and local governments. Adding fuel to the fire were Warren Buffett's comments on Bloomberg TV about how cities may find it easier to declare bankruptcy after seeing others do it:
“The stigma has probably been reduced when you get very sizeable cities like Stockton or San Bernardino to do it,” Buffett, 81, said in an interview today on “In the Loop with Betty Liu” on Bloomberg Television. “The very fact they do it makes it more likely.”
This morning's jobs report revealed that 79,000 net new jobs were created in the country in May, nearly 50 percent below the consensus forecast of 150,000. Almost immediately following the release, there were loud and insistent calls for another round of monetary and fiscal stimulus. "Job growth stumbles again, raising pressure on Fed," the Reuters headline ran. My fellow Reuters blogger Felix Salmon called for immediate federal stimulus funded by more debt issuance. Felix's rationale, like many others', is that with U.S. borrowing costs so low, stimulating current economic activity is a higher priority than worrying about paying down the debt in the future. Or to put it differently, a little more debt is preferable to enduring the economic pain of the economy rightsizing itself.
However, economic weakness is concentrated in just a few regions, and the solutions that many are pushing for – additional fiscal stimulus from Congress or further monetary easing from the Fed – are too diffuse to make much of a difference or require a national constituency that is unlikely to materialize. Unemployment fell in 37 states in April, but in California, Rhode Island and Nevada, there are still massive employment problems. The National Conference of State Legislatures reports (emphasis mine):
The $25 billion mortgage-fraud settlement that was announced yesterday came after 18 months of coordinated action by the Department of Justice, the Department of Housing and Urban Development and 49 state attorneys-general. The settlement is carved up so that homeowners and governments at the state and federal levels each receive some compensation. Given the scale of national losses, it's a tiny penalty for banks that engaged in egregious servicing and foreclosure practices, and it will do little to repair the widespread economic damage.
More important for states, the amount they are set to receive far from covers the shortfalls they will suffer from lower property tax collections, which are pegged to property values.