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42,998.12
time.com
Cover Story
TheBrief
In Debt We Stand
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By James Grant 28
10 | Ian Bremmer on
our automated future
12 | The link between
money and life span
13 | Baltimore, a year
after Freddie Grays
death
14 | The worlds coral
reefs are in crisis
TheView
Ideas, opinion,
innovations
19 | Is Obamacare
contributing to opioid
abuse?
20 | The roots of the
U.S.s love of guns
21 | Betting on a water
bottle that ills itself
21 | A Rust Belt
success story
22 | Next-generation
carpooling
24 | Volunteering
made easy
26 | Rana Foroohar:
Janet Yellen is putting
Main Street first
27 | Joe Klein on what
Bill Clintons crime bill
got right
16 | The heat is on
Brazils Dilma Rousseff
TimeOf
What to watch, read,
see and do
52 | Childrens book It
Aint So Awful, Falafel
54 | TV: The Night
Manager
55 | Quick Talk with
actor Hugh Laurie
55 | Dice comes up
snake eyes
N E PA L : J A M E S N A C H T W E Y F O R T I M E ; M C B R I D E : J AV I E R S I R V E N T F O R T I M E
Unnatural Disaster
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By Nikhil Kumar / Photographs by James Nachtwey 42
National Book
Award winner
McBride, page 60
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NOBODY IS ABOVE
THE LAW. HOW
MANY
TIMES DO I
HAVE TO
SAY IT?
PRESIDENT OBAMA, vowing that political
considerations will not affect the federal
investigation into Hillary Clintons use of a
private email server while she was Secretary
of State
Price paid at auction for
the chair J.K. Rowling
sat in while writing
Harry Potter
Monogamy
A new study
found married
people are more
likely to survive
cancer
BRUCE SPRINGSTEEN,
GOOD WEEK
BAD WEEK
Distance in miles
traveled by John Kerry
during his tenure as
U.S. Secretary of
State, surpassing
predecessor Hillary
Clintons mark
musician, canceling a
concert in North Carolina to
protest a state law requiring
transgender people to
use the bathrooms that
correspond with their sex
at birth
Polygamy
A federal
court reversed
a ruling that
decriminalized
the practice in
Utah
1,200
1.06
million
C620(
7+,1*6
$5(025(
,03257$17
7+$1$
52&.
6+2:
O B A M A , L A W R E N C E , C A M E R O N , S P R I N G S T E E N , R I N G S : G E T T Y I M A G E S; I L L U S T R AT I O N S B Y B R O W N B I R D D E S I G N F O R T I M E
Aspiration
and wealth
creation are
not dirty
words.
I dont know
why that word
is so scary to
people.
WHY DO I WANT TO PAY SOMEBODY IN MICHIGAN A LIVING WAGE WHEN I CAN PAY SLAVE WAGES IN MEXICO OR CHINA? PAGE 10
Count me out, said House Speaker Paul Ryan, discussing the ongoing race for the GOP nomination
CAMPAIGN 2016
The GOPs
plan to look
past the
presidency
and keep
Congress
REUTERS
TheBrief
INFRASTRUCTURE
Bridging borders
TRENDING
HEALTH
The Zika threat to
the U.S. is scarier
than we initially
thought, Dr. Anne
Schuchat, principal
deputy director of the
CDC, said April 11.
Oficials said two days
later there was no
longer any doubt the
mosquito-borne virus
causes the birth defect
microcephaly.
DIPLOMACY
Germany may
prosecute a comedian
who read a satirical
poem about Turkeys
President Recep
Tayyip Erdogan on
live television. Ankara
requested criminal
proceedings against
Jan Bhmermann
(above) under a German
law that forbids insults
to foreign leaders.
CHINA AND
RUSSIA
The two countries
plan to build a
bridge by starting
from either side
of the Amur River,
aiming to meet in the
middle and complete
construction within
three years.
RUSSIA AND
THE U.S.
A Russian oligarch
proposed a plan in
2015 for a highway
linking Siberia and
Alaska via a 55-mile
crossing over the
Bering Strait. The
cost was projected to
be in the trillions.
INDIA AND
SRI LANKA
In December, Indias
Transport Minister
announced a 14-mile
sea bridge and
tunnel had received
funding, though Sri
Lankas government
said it wasnt aware
of the plans.
BAHRAIN AND
QATAR
Construction on
the Qatar-Bahrain
Friendship Bridge
was irst proposed in
1999 but, ironically
enough, has been
long delayed by
squabbles between
the neighbors.
DIGITS
TERRORISM
One in five suicide
attacks launched by
Islamist extremist
group Boko Haram
in West Africa was
carried out by children
in 2015, according
to a new report by
UNICEF. About 75% of
the children used as
bombers were female,
some as young as 8.
$250
million
The value of a grant by Silicon Valley
entrepreneur Sean Parker to fund research
into immunotherapy for cancer; TIME explored
the treatmentsand the growing interest in
themin an April 4 cover story
H E A LT H , PA N D A , R H I N O : A P ; D I P L O M A C Y, T E R R O R I S M , C A M E R O N , T I G E R , C O N D O R , W H A L E : G E T T Y I M A G E S; I L L U S T R AT I O N B Y M A R T I N G E E F O R T I M E
DATA
NATURES
COMEBACKS
The global wild
tiger population
has increased to
3,890, according
to the latest
census by WWF
and the Global
Tiger Forum. Here
are other animals
making returns
from endangered
conditions:
California
condor
From 22 in 1982
to hundreds today
MAIDEN OVER Kate Middleton takes part in a charity cricket match with former Indian cricketer Dilip Vengsarkar in
Mumbai on April 10. Prince William and the Duchess of Cambridge toured India and Bhutan in their irst-ever oficial visit
to the region. Photograph by Kunal PatilHindustan Times/Sipa USA
BRITAIN
Humpback
whale
Numbers are
rising in Australia
Indian rhino
Conservation has
lifted population
to 3,000
Panda
Wild panda totals
rose 17% in China
over 12 years
TheBrief
presented by
10
E R I C T H AY E R G E T T Y I M A G E S
TheBrief
TRENDING
EXECUTIONS
The number of people
put to death worldwide
rose by 54% in 2015,
according to Amnesty
International. The
total of at least 1,634
executions, the highest
since 1989, was
driven by Iran, Pakistan
and Saudi Arabia. In
the U.S., however,
executions were at a
24-year low.
Milestones
WON
The Masters
tournament, by Danny
Willett, who beat
defending champion
Jordan Spieth in one
of the biggest upsets
in the history of golf.
It was Willetts irst
major title and the
irst Masters win for
an Englishman in 20
years.
MONEY MAY NOT BUY HAPPIness (or love), but it might just
buy more time to ind it. In the
most comprehensive look so
far at longevity and income,
researchers report in JAMA that
people with higher incomes tend
to live longerthough there
were some interesting nuances
that the researchers teased out.
Contrary to what some experts
predicted, there was no levelingof point where making more
didnt provide any added years.
Overall, people with the top 1% in
income lived 10 to 15 years longer
than those at the bottom 1%.
At the same time, having a
lower income didnt necessarily
lead to the shortest livesthat
varied greatly based on where
SALT LAKE CITY
Highest-income
people live 88
years, on average
OKLAHOMA CITY
Life expectancy for
lowest-income group
is 78 years
LAS VEGAS
Top earners live four
years less than those
in Salt Lake City
GARY, IND.
Here the lowest
earners live to 77,
on average
DIED
Howard Marks, 70,
legendary Oxfordeducated drug smuggler jailed for running
an international hashish and marijuana
ring in the 1970s
and 80s. After his
release he wrote the
best-selling autobiography Mr Nice.
Will Smith, 34,
former star defensive
end for the New
Orleans Saints.
Police say Smith was
fatally shot in New
Orleans by a man
who rear-ended his
car in an apparent
case of road rage.
Ed Snider, 83,
founder of the
Philadelphia Flyers,
the irst expansion
team in hockey to win
the Stanley Cup. He
also formerly owned
the Philadelphia
76ers and a stake
in the Philadelphia
Eagles.
DESIGN
CANADA
The 96-ft.-high
Wood Innovation
and Design Centre
in British Columbia
(right), built in 2014,
has locally made
engineered wood,
like laminated
veneer lumber, in its
structure.
AUSTRALIA
Forte in Melbourne
is a 105-ft. timber
apartment building
that uses crosslaminated timber
(CLT), which is said
to have the same
structural strength
as concrete and
steel.
BRITAIN
The Toothpick is
what Londoners
are calling plans
for a 984-ft. tower
unveiled on April 8.
The skyscrapers
architects say using
timber will reduce
the weight of the
building.
E X E C U T I O N S , B U S I N E S S : G E T T Y I M A G E S; S O C I E T Y: R E U T E R S ; D E S I G N : E M A P E T E R M I C H A E L G R E E N A R C H I T E C T U R E
SOCIETY
A remote aboriginal
Canadian community
declared a state of
emergency after 11
members attempted
suicide on a single day,
on April 11. Mentalhealth experts visited
the Attawapiskat
First Nation tribe, which
saw more than 100
suicide attempts over
the winter.
HEALTH
TheBrief
DEVIN ALLEN
By Josh Sanburn/Baltimore
erance for this city. Polls show state sena- Hopkins researchers who studied the
13
TheBrief Earth
TEMPERATURES
How ElNio
heats the globe
14
1.0
0.8
0.6
0.4
0.2
0
0.2
0.4
1880
Difference from
average, in
degrees Celsius
1900
1920
El Nio
exacerbated
global
warming last
year
1940
1960 1980
2000 2015
DROUGHT
1 million
Thats the number of children in Africa
including in hard-hit Ethiopiawithout
steady access to food, largely because
of El Nio. The weather phenomenon
has helped trigger drought in many parts
of the world, leaving millions hungry.
And Africa isnt the only place affected
by El Nioinfluenced drought. In Papua
New Guinea, drought has driven bushires affecting millions. In Bolivia, nearly
a million animals like sheep and llamas
have died as pastureland dries out.
N O A A ; U. N .
C O U R T E S Y X L C AT L I N S E AV I E W S U R V E Y
2016 P&G
LightBox
Light the
night
Demonstrators light smoke
during a rally in support of
President Dilma Rousseff in
Rio de Janeiro on April 11,
after a congressional
panel voted to recommend
impeachment proceedings. A
vote by the full lower house to
decide whether she will face
trial is set for April 17.
Photograph by Mario Tama
Getty Images
For more of our best photography,
visit lightbox.time.com
IWitnessBullying.org
YOU HAVE TO MAKE DECISIONS WITHOUT KNOWING ALL THAT YOU WOULD LIKE TO KNOW. THATS PART OF THE JOB. PAGE 26
Some doctors say patient surveys have led them to prescribe potentially dangerous painkillers
HEALTH
The
Obamacare
quirk that
is fueling
the opioid
epidemic
By Sean Gregory
TheView
20
BOOK IN BRIEF
VERBATIM
I dont
have any
regrets
about how
I identify.
Im still
me, and
nothing
about
that has
changed.
RACHEL DOLEZAL,
announcing that
shes writing a
book about racial
identity; the ex
NAACP leader
has been heavily
criticized for calling
herself black
despite being born
towhite parents
CHARTOON
Future headlines
J O H N AT K I N S O N , W R O N G H A N D S
BIG IDEA
The self-filling
water bottle
It isnt commercially available yet,
but the solar-powered Fontus is
making a splash on crowdfunding
site Indiegogo. Heres how it
works. Julie Shapiro
DATA
LOST IN
TRANSLATION
The look of emojis
varies widely across
platformsand leads
to miscommunication,
per a new study from
the University of
Minnesota. Here, a few
of the most divergent
emojis by (clockwise
from top left) Apple,
Google, Microsoft
and LG.
Fontus aims
to ship its first
$225+ bottles
to investors by
April 2017 after
conducting
more real-world
tests
QUICK TAKE
PERSON RAISING
BOTH HANDS IN
CELEBRATION
Subjects said
Microsofts icon looked
more exciting, while
LGs looked more like
praise hands.
SLEEPING FACE
Descriptions for
Googles version
emphasized sleepy,
whereas Microsofts
looked sad or down.
S.B.
42
Hours per year
that rush-hour
commuters lose to
trafic jams
TRANSPORTATION
$160
A E R I A L : D AV I D M A I S E L I N S T I T U T E ; S U S A N S H A H E E N
22
CGCB-A10129-00-7600
usa.siemens.com/ingenuityforlife
TheView
4 APPS TO HELP
YOU GIVE BACK
VOLUNTEERMATCH
aggregates volunteer
opportunities with
organizations across
the U.S., sorted
according to your
location and interests
(like animals or arts
and culture). Listings
include information
about the required time
commitment so you
can ind something that
works for your schedule.
(volunteermatch.org)
VOLUNTEERSPOT
helps you organize and
plan volunteer events
think school bake sales
and church rummage
sales. The
free version
helps you
create an
event page,
send email invites and
collect contributions all
in one place.
(volunteerspot.com)
CHARITY MILES
lets you give while
you work out. The app
donates
25 to the
organization
of your
choice
for every mile you walk
or run (or 10 a mile
if you bike). And you
dont paydonations
are made by the apps
corporate sponsors.
(charitymiles.org)
Jessie Van Amburg
GIVEGAB
offers a personalized
search, similar to
VolunteerMatchbut
also lets
you connect
with fellow
volunteers,
set service
goals and keep track of
where youve worked.
(givegab.com)
550
VOLUNTEER PROJECTS PLANNED
THIS MONTH ALONE
78,000
ALLSTATE AGENCY OWNERS
AND EMPLOYEES
1,000,000
VOLUNTEER HOURS
IN THE PAST 5 YEARS
40
YEARS OF
BRINGING OUT
THE GOOD
Since 1976, the Allstate Helping Hands volunteer program has given
Allstate agency owners and employees across the country the
chance to give back by getting their hands dirty. From landscaping
parks and painting schools to mentoring local youth, they volunteer
year-round to help our community be better, stronger and safer.
Because bringing out the good is good for everyone.
2016 Allstate Insurance Co.
26
JOBS
Unemployment
was 4.9% in
February, the
lowest level in
eight years
DEMAND
Global
demand
remains
sluggish,
one reason
the Fed has
kept interest
rates low
THATS NOT TO SAY that Yellen is ignoring the sort of market distortions that the
past few years of loose monetary policy
have engendered. In a 2014 speech, she
made it clear that higher rates arent the
only way to head of bubbles. Regulation
can also help. Eforts to promote inancial stability through adjustments in interest rates would increase the volatility
of inlation and employment, she says.
As a result, I believe a macro-prudential
approach to supervision and regulation
needs to play the primary role.
Translation: the Fed is stepping up its
game as a inancial regulator. Its a mandate that has gotten a bit dusty over the
past several decades as Fed chairs have
focused more on the other two parts of
the mandate: keeping unemployment
and inlation low. But its one that Yellen would like to bring back. Already
the central bank has issued cautionary
notes about the frothy technology and
commercial real estate sectors. Look
for more such warnings, as Yellen
continues to transform the Fed and
leads the U.S. through its new economic wilderness.
SUSAN WALSH AP
THIS NEW REALITY is partly the result of the $29 trillion that
central bankers pumped into the global economy over the
past few years. (The Fed alone dumped $4.5 trillion in the
U.S.) Central bankers were forced to take such steps because
gridlocked governments didnt act to put more iscal stimulus
into their economies after the 2008 inancial crisis. They became, as economist Mohamed El-Erian has written, the only
game in town for propping up growth. The downside of the
recovery: distortions in corporate debt and equity markets
and the risk of another crash.
The Fed has frequently been criticized, particularly by Republicans but also by some on the left, for continuing to keep
rates low in such an environment. By many metrics, the American recovery is improving, and easy monetary policies have
been known to encourage risky inancial behaviors of the sort
made infamous in 2008. But Yellen sees herself less as a
wizard who backs into numbers via computer models and
more of a family doctor whos taken an oath to above all do
no harm. We necessarily operate in an environment in
which theres a great deal of uncertainty, she notes, talking about everything from Chinese inancial markets to
the future of European integration. In such an environment, it makes sense to use a risk-management approach
to identify and avoid the big mistakes. Thats one reason
STEADY AS
SHE GOES
G E T T Y I M A G E S (2)
GIVEN THE PESTILENCE THAT IS PASSING FOR A POLICY DEbate on the Republican side this year, its been easy to overlook
the subtler follies of the Democrats. But the party is slipping
into ancient, discredited fantasies about social issues like criminal justice and welfare reform. It took Bill Clinton to speak
some truth unto protest recently, when he was interrupted
by a clutch of young scholars claiming that his 1994 crime bill
had devastated poor neighborhoods. I dont know how
you would characterize the gang leaders who got 13-year-olds
hopped up on crack and sent them out onto the street to murder other African-American children. Maybe you thought they
were good citizens, he said, in a righteous distemper. You are
defending the people who kill the lives you say matter!
Clinton backtracked a bit the next day, saying the manner
of his reproach was inefective. And the political press
skewered him for going of message and hurting his wifes
campaign. But Hillary Clintons campaign could use a strong
dose of politically incorrect truth telling. She had a nice
moment with Black Lives Matter protesters last summer,
when she encouraged them to come up with a positive agenda
to ease the angry dance between some police oicers and some
youths in black communities. That was sort of courageous:
too often the national conversation about race consists of
activists screaming and white people feeling guilty.
Lets stipulate that Black Lives Matter has a point. Too
many police are badly trained; too many act on their worst
fears and think later. Overt racism has declined, but it is
still bred in the American bone. I lived in a predominantly
black neighborhood in the 1980s and saw friends of mine
treated rudely by all sorts of people in authority, especially
local shopkeepers. The frustrations of middle-class African
Americans in my neighborhood were bifurcated: they were
disgusted by the louche and dangerous behavior in the black
underclass, and they were infuriated by white people who
mistook them for criminals or deadbeats simply because of
their skin color. Given the progress of the past 40 years, the
growth of a substantial black middle class, the idiot vestiges
of white racism must be even more infuriating now.
BUT HISTORY AND REALITY must be respected too. The
Clintonian responses to crime and welfare dependency in the
1990s were a reasonable, if imperfect, corrective to an anarchic
situation. There was a clamor for safer streets, which Clinton
helped ease by funding 100,000 more cops.
For decades, Democrats had denied the truth of Daniel
Patrick Moynihans analysis of black family structure: that
ONE LAW,
TWO ERAS
In 1996,
during his
re-election bid,
Bill Clinton
promised
to break
the gangs,
ban those
cop-killer
bullets . . .
and give
our children
something to
say yes to.
In 2015,
following his
wifes speech
asserting
the need for
criminaljustice reform,
Clinton said
the 1994
law had gone
too far: The
way it was
written and
implemented,
we have too
wide a net.
27
ISSUES + 2016
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RETIRING
BABY BOOMERS
2016
U.S.
debt
Trillion-dollar
questions
A little guide to that very big number
Isnt some
debt good?
Sure, as anyone
who owns a
home thanks
to a mortgage
knows. Infrastructure,
schools and
research are
investments
that can grow
the tax base.
But just like
an individual,
a country can
default when
the sum gets
too high.
SOURCE:
CIA WORLD
FACTBOOK
227.9%
France
98.2%
U.K.
90.6%
U.S.
73.6%
Germany
71.7%
India
51.7%
China
16.7%
Who lends
to the U.S.?
much longer. The Fed once fought inlation. Now it actually sets out to cause it
about 2% a year is the target. Striving to
inlate, it presses down interest rates and
rustles up new dollars.
From the nations 18th century founding until 1971, the dollar was deined as
a weight of gold or silver. Americans did
business with paper, of course. But these
commercial bills and banknotes were
convertible into monetary bedrock, the
precious metals. The expression sound
as a dollar derives from the ring of a gold
piece when you plunked it on a counter.
Sound money coincided with balanced budgets. Government borrowings climbed in wartime and subsided in
peacetime. The pattern was disarranged
by depression in the 1930s and war in
the 1940s. It was broken by the Johnson Administrations guns and butter
and entitlements programs in the 1960s.
Richard Nixon administered the coup
de grce on Aug. 15, 1971, when he announced that the dollar would derive its
value from the say-so of the government.
The Fed could print as many green bills
as the traic would bear.
Many applauded that sea change,
then and later. Easy money rarely fails to
pleaseat irst. It buoys stocks, bonds
and commercial real estate. House prices
jump, and car sales zoom. (Average autolending rates, now 4%, have been nearly
sawed in half since 2007.) Politicians, noticing how a bull market fattens public
pension funds, ratchet up the beneits
they promise to retirees (a fact that state
and federal pensioners are encouraged to
remember on Election Day).
Periodically, the buzz wears of. What
remains is a hangover of debts and promises. The proliferating dollars facilitate
heavy borrowing. Ultra-low interest rates
mask the cost.
I dont ask that we return to some longlost iscal and monetary Eden. None has
ever existed, even in America. Crises
and business cycles are always with us.
I merely observe that sound money and
a balanced budget were two sides of the
coin of American prosperity.
Then came magical thinking. Maybe
you had a taste of modern economics in
school. If so, you probably learned that the
federal budget neednt be balancedits
nothing like a family budget, the teacher
would sayand that gold is a barbarous
When the
government
needs money, it
sells IOUs in the
form of Treasury
securities like
bonds and
T-bills. Ordinary
people buy them,
as do businesses, banks,
government
agencies and
foreign entities.
This debt totals
$13.9 trillion.
The Federal Reserve holds the
most debt, about
$2.5 trillion, followed by China
and Japan.
Whats the
point of a debt
ceiling?
It was meant to
make borrowing
easier; before
1917, Treasury
needed Congress
to approve bond
offerings. Today
Treasury borrows
as needed to pay
the bills until it
hits the ceiling.
Measures to
raise the cap
trigger political
battles that have
always ended in
approval.
Whats the
difference
between the
decit and
thedebt?
The deicit is the
annual difference
between what the
government takes
in from taxes
and the amount
it spends. Every
years deicit is
added to the
debtand the
government
almost always
spends more
than it takes in.
(In the past 50
years, there have
been only ive of
surplus.)
Should I care
about public
debt?
Yes. The Fed can
print money. But
state and local
governments
cannot, and
must raise taxes
or cut services
to meet pension
obligations
for public
employees.
Household
$14.22
trillion
Federal government
$13.90
trillion
Business
$12.78 trillion
SOURCES:
TRE ASURY
(FEDER AL
D E B T ); F E D E R A L
RESERVE FLOW
O F F U N D S D ATA ,
M A R C H 2 0 16
( A L L O T H E R S)
$2.98
Total:
$43.89 trillion
$135,726.50
per American
trillion
31
1900
1913
Federal Reserve
is established
$392.41
$243.46
76.1 million
1900s
Candidate math
What the 2016 hopefuls say theyll
doand what it means for debt
Donald Trump has said
he could eliminate all
federal debt in eight
years, but his current tax
and spending plan could
actually set us back an
additional $30 trillion
by 2026, according to
independent analysts.
Hillary Clinton would up
spending by about 2%.
Analysts say her tax hikes
would add $498 billion
in revenue after 10 years
but could reduce GDP
growth by 1%.
Ted Cruz calls for
a balanced-budget
amendment. But his
plan to cut taxes and
boost military spending
could add an estimated
$12.5 trillion to the debt.
GE T T Y IM AGES (5)
Nobody knows anything, screenwriter William Goldman wisely observed about the accuracy of Hollywood
box-oice forecasts. The economists, in
general, are no better than the studio
executives.
You cant blame people for not paying
attention. America has forever deied the
doomsdayers. The very language of government debt is calculated to tranquilize the critical mind. We speak of the
Department of the Treasury rather than
the Department of the Debt. (Theres no
net treasure in the Treasury.) We say entitlement instead of taxing Peter to pay
Paul and Social Security trust fund when
we mean just another ordinary government account at the Department of Debt.
(There is no trust fund because there is
no division of assets, no accounts containing funds earmarked for you, the citizen, who so faithfully contributed your
payroll taxes.)
Todays miniature interest rates constitute another form of public sedation.
Youd suppose the doubling of the debt
would jack up the cost of servicing the
debt. Nothing of the kind. As the debt has
doubled, the rate of interest has halved.
In 2007, we owed $5 trillion and paid
an average interest rate of 4.8%. Net interest expense: $237 billion. In 2016 well
owe $14.1 trillion and pay the average interest rate I already mentioned: 1.8%.
Net interest expense: $240 billion. Its a
wonder we didnt think of this inancial
perpetual-motion machine about a thousand years ago.
Debt per se is neither good nor bad,
though less is usually better than more.
How its priced and how its used are
what tips the scales. If chocolate cake cost
a penny a slice, the best of us would be
tempted to break our diets. Well, government debt is priced at less than 2%, and
Washington fell of the wagon years ago.
The public debt will fall due someday.
(Some of it falls due just about every day.)
It will have to be repaid or reinanced.
1945
End of World War II
$19,810.31
Bernie Sanders would
levy $15.3 trillion in new
taxes. But the cost of his
new health plan could still
add $2 trillion to $15 trillion to the debt and slow
GDP growth by 9.5%,
some estimates say.
139.9 million
1957
Baby boom
peaks at
4.3million births
$8,861.57
172.0 million
1918
End of
World War I
1929
The Great
Depression starts
$2,578.29
$1,457.78
103.2 million
121.8 million
97.2 million
1910s
1920s
1930s
1940s
1950s
April 2016
$42,998.12
323.3 million
1971
Nixon removes
gold standard
2009
Great
Recession ends
$28,153.20
306.8 million
2007
Great Recession
starts
$19,499.07
301.2 million
2001
Clinton records
fourth year of
budget surplus
$15,944.70
285.0 million
1990
Gulf War buildup
$16,802.56
249.5 million
1981
Reagan takes
office, implements
Reaganomics
$8,348.23
229.5 million
$7,160.67
207.7 million
U.S.
debt burden
per American
(adjusted
for inflation)
1960s
1970s
1980s
1990s
2000s
2010s
America
rallied
around
putting a
woman
on the $10
bill. But
what if
Hamilton
fans stick
her on
the back?
By Maya Rhodan
and DavidVon Drehle
36
Eleanor
Roosevelt
The First Lady
topped a 2015 poll
to choose a woman
for the $10 bill.
Harriet
Tubman
Democratic Senators
have voiced support
for the famous
abolitionist.
Susan B.
Anthony
The sufragist has
appeared on a stamp
and a $1 coin.
G E T T Y I M A G E S ( 5 ) ; J A C K S O N : N AT I O N A L N U M I S M AT I C C O L L E C T I O N AT T H E S M I T H S O N I A N I N S T I T U T I O N
SOME WOMEN
IN THE RUNNING
inch on the front of one bill. Its a ight that appeared to be won early by the likes of Rosie Rios,
whose title is Treasurer of the United States, and
whose signature appears on every bill printed
during her tenure. A ierce advocate for putting a
woman on the currency, Rios began pushing for
the change soon after she joined the Obama Administration in 2009. Her presentation to then
Treasury Secretary Tim Geithner went so well,
she told CNN afterward, that she left the room
convinced the cause was sailing forward.
And in a way it was. The Advanced Counterfeit
Deterrence Steering Committeea multiagency
team that operates in secret to recommend and
oversee currency redesignsindicated which bill
was next in line for an update. The $10 note had
proved most vulnerable to high-tech counterfeiters and desperately needed up-to-date security
features such as three-dimensional security ribbons, multiple watermarks and color-changing
inks. It became the chosen vehicle for an overhaul not for any slight against Hamilton but because his bills time was up.
Meanwhile, support for women on U.S. currency was growing. President Obama himself
joined the debate in 2014 after reading a handwritten inquiry from a 9-year-old girl named
Soia in Massachusetts, who suggested a number
of candidates for the honor, including Obamas
wife Michelle. Lews announcement in the summer of 2015 that the $10 bill would be the irst
bill in more than a century to feature the portrait
of a woman seemed to seal the deal.
But then the story got complicated, thanks to
the intrusion of a couple of ghosts, a hip-hop genius and former Federal Reserve chair Ben Bernanke. Hamiltons demotion is intended to make
room to honor a deserving woman on the face of
our currency. Thats a ine idea, but it shouldnt
come at Hamiltons expense, Bernanke wrote
in a June op-ed. To the nations inancial leaders,
Hamilton was not just any old white guy; he was
the most important, inluential and visionary of
the white guys. Asking a Treasury Secretary to demote Hamilton turned out to be a bit like asking a
bird watcher to bury John James Audubon.
THE HISTORY OF
THE $10 BILL
Change is rare in U.S.
currency design
1914
President Andrew
Jackson appeared on
the face of the irst
$10 bill; he is now on
the $20.
1929
The bill was reissued
with the face of
Treasury Secretary
Alexander Hamilton.
2006
The last redesign
includes symbols
of freedom, like
the torch from the
Statue of Liberty.
ity by putting women on the back, she says. Senator Jeanne Shaheen, a Democrat from New Hampshire who drafted a bill to put a woman on the $20
note, agrees. Whomever is chosen shouldnt have
to share the honor, she says of the $10 bill.
To this, Hamiltons defenders have pointed to
a solution: Andrew Jackson, whose stock is trading at a steep discount these days, thanks to his
slave-trading rsum and his record as a persecutor of Native Americans. No President has
fewer friends at Treasury: Jacksons ierce crusade against national banking guaranteed that.
In fact, he so loathed the very concept of central
banknotes that, if he came back from the dead,
he might lead the charge to have his face removed
from the $20 bill.
Deciding on the right woman for the $10 bill,
either front or back, has been a struggle all its own.
Formidable igures from Harriet Tubman and Eleanor Roosevelt to Susan B. Anthony and Rosa
Parks have all been suggested, with public polls
showing a nation divided. Complicating matters
further (if that is possible) is the fact that among
the women who care about this, there are surprising fault lines. Hillary Clinton and her replacement in the Senate, New Yorks Kirsten Gillibrand,
have lined up for keeping Hamilton on the $10 bill
and putting someone like Tubman on the $20 bill.
Exchanging a slave trader for an emancipationist
heroine could send exactly the right message. But
even if there were agreement on which woman
might get stamped on the $20 bill, the problem
is timing.
While Lew could announce his decision any
day now, the new design of the $10 bill is scheduled for unveiling in 2020, with the bills hitting
pocketbooks by 2026. The Advanced Counterfeit Deterrence Steering Committee has not made
any recommendations regarding the $5 bill or the
$20 bill, said a senior government oicial familiar with the process. That means, under a normal
schedule, the U.S. would be left waiting until at
least 2030 to see a Tubman $20 bill at the bank.
(A Treasury oicial took issue with that timeline,
saying advancements in technology as well as new
and emerging threats could speed up the process.)
To many proponents of a change, any additional delay for a woman front and center is too
long. And no proponent may have a louder voice
in this ight than young Soia of Massachusetts,
who turns 11 in April. She was the one, after all,
whose winsome, clear-eyed letter caught the
Presidents eye in 2014. Asked by TIME about the
current ight over the $10 note, she did not hold
back. I think that putting a woman on the back
of the bill would make women seem less important, she said. You dont pay a lot of attention to
the back of the bill.
37
THE BILLION
HE MEN EASED PAST THE PICKETers and police barricades, through
a security-studded lobby and up to
the eighth loor of a federal building
named for Ronald Reagan. Inside
an airy rotunda, guests in jackets and ties mingled
over pork sliders and seafood tacos served by black
waiters in tuxedos. There were celebratory speeches
during dinner, crme brle for dessert. Apart from
the racial epithets wafting around the room, the
Saturday-night banquet seemed more like a wedding reception than a meeting of white nationalists.
The event was sponsored by the National Policy
Institute (NPI), a tiny think tank based in Arlington, Va., dedicated to the advancement of people of European descent. NPI publishes pseudoscientiic tracts with titles like Race Diferences
in Intelligence, runs a blog called Radix Journal
(sample post: My Hate Group Is Diferent Than
Your Hate Group) and holds conferences on topics like immigration and identity politics. This
time it had gathered a group of 150 sympathizers in downtown Washington to discuss what the
AND
Protesters last July outside a
Trump hotel under construction
in Washington
38
AIRE
caucus states. Trump was the spark we needed,
he says, citing a surge in membership.
This is a story line that could shape more than
the 2016 election. Trumps success with disafected
whites is a sign that the forces of xenophobia and
nationalism, which fueled the rise of far-right populist parties across Europe, are gathering strength
in the U.S. as well. At a moment of rising racial tensions, Trumps rhetoric of resentment has redrawn
the boundaries of political speech in new and troubling ways. This is a phenomenon that we havent
really seen before, says Marilyn Mayo, a co-director
of the Center on Extremism at the Anti-Defamation
League. White supremacists and others on the extreme right have felt like theyre kept in the distance
during election cycles. They dont feel that way with
Trump. Theyre right in the conversation.
T H E A LT R I G H T
A BILLIONAIRE MOGUL FROM MULTICULTURAL
Manhattan makes an unlikely tribune for a whitegrievance movement. But in more than a dozen interviews, extremists described why they feel galva-
THE BIGOTS
How Donald Trumps campaign brought white
nationalists out of the shadows
By Alex Altman
#WHITEGENOCIDE
THE MIGRATION OF EXTREMISTS FROM
Internet message boards to the campaign
trail has produced ugly scenes. Racial
40
Identity
politics
trumps
everything
else.
NATHAN DAMIGO,
A EUROPEAN-RIGHTS ACTIVIST FROM
CALIFORNIA WHO BLOGS ABOUT
INCIDENTS OF ALLEGED ANTIWHITE BIAS
slurs have tainted Trump rallies from Alabama to Nevada. In Ohio and Missouri,
his supporters urged protesters to go
back to Africa and go to Auschwitz,
respectively. At the same time, Trumps
events have been tainted by episodes of
racially charged violence. At an event in
Kentucky, a prominent white supremacist shoved and shouted at a young black
woman. Melees between Black Lives
Matter activists and Trumps backers
forced the cancellation of a rally in Chicago. At an event in Fayetteville, N.C., a
Trump fan named John McGraw, 78, was
charged with assault for sucker punching
a black protester. The next time we see
him, said McGraw later, we might have
to kill him.
How much blame Trump deserves for
this is a complicated question. He has
never endorsed the tenets of white supremacy or espoused explicit racism on
the campaign trail. Even when promoting a ban on Muslims or linking Mexican
immigrants with rape and violence, he
heaps praise on both groups as a whole.
Right-wing extremists dont think Trump
shares their views. Donald Trump is not
a white nationalist. I dont think hes a racist, says John Friend, a Holocaust denier
P R E V I O U S PA G E S : P R O T E S T: C H I P S O M O D E V I L L A G E T T Y I M A G E S; T R U M P : C H A D B AT K A
T H E N E W YO R K T I M E S/ R E D U X ; T H I S PA G E : M AT T E I C H F O R T I M E
T H E W H I T E E T H N O S TAT E
RICHARD SPENCER IS READY TO SEIZE
the moment. Spencer, 37, has devoted
much of his adult life to forging a new
path for white nationalism. We need to
present ourselves as serious and attractive, he explains. The type of people
who can rule a country one day.
Spencer is clean-cut, polite and solicitous. He spends his days on Twitter and
Slack and peppers his paragraphs with
academic jargon picked up during postgraduate studies at Duke and the University of Chicago. At the NPI meeting,
41
World
MAN-MADE DISASTER
A YEAR AFTER DEVASTATING QUAKES, POLITICS HAS KEPT NEPAL IN RUINS | TEXT BY NIKHIL KUMAR
PHOTOGRAPHS BY JAMES NACHTWEY FOR TIME
The Himalayan
mountain village
of Barpak was at
the epicenter of
the quakes
43
Clockwise from top left: Residents rebuild in Barpak a year after the quakes; people live in tents in
Kathmandu; progress has been slow in Barpak; a woman carries a child through ruins
language and cultural ties to neighboring India, these communities have long
felt marginalized by the Nepalese state.
As they protested, the border was blocked
for up to 135 days, leaving trucks carrying badly needed fuel and food stranded
in India, which surrounds Nepal on three
sides. Amid the political bickering
Nepal blamed India for fanning the unrest; New Delhi denied the charge
reconstruction was derailed. Its politics,
not rebuilding, that has dominated over
the past year, says Prashant Jha, author
of Battles of the New Republic: A Contemporary History of Nepal.
The fallout is clear to see in the troubled record of Nepals National Reconstruction Authority (NRA), the state
agency responsible for the rebuilding
efort. First proposed in June, it wasnt
until December that the NRA was inally given legal backing. It took until
mid-March for the irst rebuilding
funds to be distributed to quake victims
in a section of the countrys hard-hit
Dolakha district. Nepals Prime Minister
K.P. Oli acknowledged the problems on
March 29, when he said that the reconstruction work is not going to end even
in decades at this pace, according to the
Kathmandu Post.
Meanwhile, there are fears of renewed violence. The borders reopened
after politicians in Kathmandu amended
the constitution this year to placate the
protesters. But as analysts warned this
month, the changes dont fully address
the Madhesi demands, leaving the door
open to further turmoil.
Its a prospect that ills Giri with
dread. Before the earthquake, he earned
close to $200 a month as a driver for a
local businessman. His wife worked
part time at a farm. But the quake devastated farming, and Giri lost his job when
protests blocked the supply of diesel to
Nepal. Though supplies have resumed,
fuel remains scarce. Giri says he is lucky
if he drives more than one or two days a
week. He spends the rest of the month
working as a laborer. At the end of the
month, we now have $30, maybe $40,
for a family of four, he says. Our home
has been destroyed. Who knows when
the government will rebuild it? They
say they will give us money to rebuild it.
When? Next year? With reporting by
KAI SCHULTZ/KATHMANDU
46
WHY NOT USE TECHNOLOGY TO MAKE ANIMALS TALK, A NOBLE PURSUIT IF EVER THERE WAS ONE? PAGE 56
Lamar, West, Rihanna, Beyonc and Cyrus have all experimented with surprise releases
MUSIC
Pops biggest
stars are
reviving the
album by
reinventing it
GE T T Y IM AGES (5); L P: AL A M Y
By Nolan Feeney
TimeOf Reviews
Pulling a Beyonc
quickly became
the term for any
album rollout with a
surprise element
50
TIME
PICKS
MOVIES
The lively comedy
Elvis & Nixon (April 22)
imagines the meeting
that took place when
the King (played by
Michael Shannon)
sat down with the
37th President (Kevin
Spacey) in 1970.
MUSIC
Sturgill Simpsons third
album, A Sailors Guide
to Earth (April 15), is a
letter to his new son,
infusing his already
nontraditional take on
country with inflections
of 1960s soul.
BOOKS
My Struggle: Book
Five (April 19),
the penultimate
installment of Karl Ove
Knausgaards lauded
autobiographical
series, covers the trials
of his writers block and
his fathers death.
TELEVISION
In Season 2 of Netflixs
Unbreakable Kimmy
Schmidt (April 15),
Ellie Kempers
wholesome kidnapping
survivor reunites
with her mom and
pursues new romantic
opportunities.
U N B R E A K A B L E K I M M Y S C H M I D T: N E T F L I X
THEATER
BASED
ON A 1921
SHOW
BASED
ON THE
MOVIE
BASED
ON THE
BOOK
BASED
ON THE
BOOK
REVIVAL
OF A
CLASSIC
BY STEVE
MARTIN
AND EDIE
BRICKELL
BOOKS
A battlefield
memoir from
an interrogator
THE VAST DISTANCE BEtween war and war stories is
typically illed, in books as
in life, by the sort of bluster
that gets people pushed onto
battleields in the irst place.
Accounts true to the experience line a short shelf that
includes E.B. Sledges With
the Old Breed, Paul Fussells
Doing Battle and Neil McCallums Journey With a Pistol.
And now Eric Fairs
Consequence: A Memoir. Fair
saw no ighting in his war,
yet his book has the stiled
anger and hollow feeling of
remembered combat. Having
left the Army before 9/11, he
arrived in Iraq as a private
contractor. He knew Arabic
and had a yearning to be part
of things. He interrogated
Iraqis in plywood booths,
the walls of which shook
from the impact of thrown
bodies. He declined work in
the worst part of Abu Ghraib.
But he posed beside a device
that caused prisoners to pass
out and soil themselves.
Consequence is Fairs
attempt to confront what he
did, and failed to do. It reads
like a compulsion, a barebones Dragnet narrative, if
Detective Joe Friday were
trying to ind out why a man
who once took refuge in
church inds himself playing
a Roman. KARL VICK
51
TimeOf Reviews
CHILDRENS BOOKS
Are you
there, Allah?
Its me, Cindy
By Sarah Begley
TWO YEARS AGO, THERE
was an uproar in the usually
quiet childrens-book world:
frustrated by the overwhelming whiteness of kids books,
readers took to social media
to protest with the hashtag
#WeNeedDiverseBooks.
Publishers took note. In
2013, childrens books featuring black, Latino, Asian
or Native American characters accounted for only 8%
of those released in the U.S.,
according to the Cooperative
Childrens Book Center at
the University of Wisconsin
Madison. In 2015, that number rose to 15%. Theres still
a long way to go.
One group that could
perhaps especially use some
ictional representation these
days: Muslim-American
kids. As fear about ISIS has
stoked hostile rhetoric in
certain quarters, these kids
have felt the efects. MuslimAmerican parents have reported a spike in schoolyard
bullying in recent months,
with kids getting taunted
for having terrorist names.
According to the Associated
Press and the Chicago Tribune, some have wondered
if theyd be deported if a socalled Muslim ban were put
into efect. Who can be these
kids ictional hero? Enter
Zomorod Cindy Yousefzadeh, the lovable protagonist
of It Aint So Awful, Falafel.
Iranian-American author
Firoozeh Dumas previously
wrote about her life experiences in the best-selling
memoir Funny in Farsi, and
shes applied some of those
biographical details here,
52
Zomorod is not
a good name
here...whose
name starts with
a Z? Nobody on
this planet who
counts.
FROM IT AINT SO AWFUL,
FALAFEL
Wolf Hollow
by Lauren Wolk
When the bully of
Annabelles hometown
goes missing, she stands
up for the loner WW I
vet everyone thinks is
responsible
Booked
by Kwame Alexander
The Newbery-winning
author of The Crossover
returns with another book
in verse about a soccer
player who learns to love
reading
TimeOf Television
REVIEW
Thrill of secrecy,
agony of deceit in
The Night Manager
By Daniel DAddario
54
Becoming a man is
realizing that its
all rotten. Realizing
how to celebrate that
rottennessnow
thatsfreedom.
HUGH LAURIE, as Richard Roper
T H E N I G H T M A N A G E R : A M C ; L A U R I E : G E T T Y I M A G E S; D I C E : B R I A N B O W E N S M I T H S H O W T I M E
QUICK TALK
Hugh Laurie
ON HIS
RETURN TO
VEEP
If the writers
had put parts of
the current
American
election in the
script, HBO
would have said,
Nobodys going
to believe that.
So often life
overtakes art.
55
TimeOf Movies
REVIEW
Sing Street
honors the
DIY spirit
When CGI panther Bagheera speaks, Ben Kingsleys voice comes out
REVIEW
56
JUNGLE BEAT
The new Jungle Book
features several songs
from the 1967 animated
version, including I Wanna
Be Like You and The
Bare Necessities
Duran Duran-imals
and Adam Ant-alikes
F R O M L E F T: D I S N E Y, E V E R E T T, T H E W E I N S T E I N C O.
TimeOf PopChart
After a recent
meal in New York
Citys Meatpacking
District, Jim Carrey
reportedly left
a $225 tip on a
$151 bill.
C H U R C H : B L I N D E Y E F A C T O R Y; H E L P S I G N , $ 5 B I L L : T W I T T E R ; W A R H O L : A P ; B U R G E R K I N G : YO U T U B E ; T E S L A ; H E D G E H O G , T E A C U P, R E C E I P T, B A L L O T
B O X : A L A M Y; C A R R E Y, M C C A R T H Y, S O O K I E , I VA N K A T R U M P, E R I C T R U M P, S TA R B U C K S : G E T T Y I M A G E S
[WE] WILL
STOP YELLING
AT YOU.
TIMES WEEKLY TAKE ON
LOVE IT
LEAVE IT
Tesla had to
recall 2,700 of its
Model X vehicles
because of a safety
issue with its thirdrow seat back.
Melissa McCarthy
revealed that she
will be involved in
Netflixs upcoming
Gilmore Girls
reboot, despite
earlier reports to
the contrary.
The color
scheme of
Australias
new $5 bill has
been likened
to vomit on
social media.
A prank caller
tricked Burger King
employees in Coon
Rapids, Minn.,
into smashing the
eaterys windows
by telling them there
was a gas leak.
57
58
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45
/mo
NO CONTRACT
Cut Your Cell Phone Bill in Half is based on a comparison of the average cost of the $45 Straight Talk Service Plan plus average sales tax and fees when purchased in Walmart and the average total
monthly cost reported by top two carriers postpaid customers on a 2-year service contract individual plan with unlimited talk, text and comparable high speed data. Plan costs include all taxes, fees and
overage charges. Source: Nationwide survey conducted February 2016. To get 4G LTE speed, you must have a 4G LTE capable device and 4G LTE SIM. Actual availability, coverage and speed may vary. LTE
is a trademark of ETSI. *At 2G speeds, the functionality of some data applications, such as streaming audio or video, may be affected. Straight Talks Bring Your Own Phone plan requires a compatible,
unlocked phone, activation kit and Straight Talk service plan. User may need to change the phones Access Point Name settings. Please note: If you switch to Straight Talk, you may be subject to fees from
your current provider. A month equals 30 days. Please refer always to the latest Terms and Conditions of Service at StraightTalk.com.
vw.com
Simulated image. *Driver Assistance features are not substitutes for attentive driving. See Owners Manual for further details and important limitations. For more information, visit www.iihs.org. 2016 Volkswagen of America, Inc.